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Trump credits Asim Munir with having played a decisive role in de-escalating tensions between nuclear-armed India and Pakistan. Addressing a NATO summit in The Hague, US President Donald Trump described how Field Marshal Munir helped prevent a possible war last month by connecting peace initiatives to trade deals. As he described the way his administration dealt with international conflicts, such as in Ukraine and Serbia, Trump pointed out the India-Pakistan standoff as the most serious. It is not about nations that might one day possess nukes, he said, but two nations that already do. Direct Intervention and Trade Diplomacy Trump…

Pakistan seeks China loan worth $3.3 billion, aiming to secure crucial financial support from Chinese banks within days, government sources confirmed. Pakistan’s foreign exchange reserves would increase because to this two-part funding. Reserves should rise from $11.7 billion on June 13 to over $14 billion by the end of June 2025. The package consists of a 2 billion US dollars syndicated loan and a 1.3 billion refinancing package. This influx of funds comes at a time when Pakistan is desperately trying to bolster its foreign exchange reserves and deal with future debt payments. A group of Chinese banks will organise…

The Pakistan stock market rises high after the news of a ceasefire between Iran and Israel rekindles investor confidence. The news, which was announced by the U.S. President Donald Trump, boosted the mood in the market and caused an impressive one-day increase. The KSE-100 Index rallied 6,557.74 points or an impressive 5.65 percent to an intraday high of 122,725.21 points. This sudden increase indicates the positive reaction of investors to the de-escalation of geopolitical tensions in the region. The world markets were in a state of uncertainty as there was an increase in the concerns of conflict and Pakistan was…

Judge approves AI use of pirated books in a major decision favouring AI firm Anthropic, sparking a shift in how copyright law applies to artificial intelligence. The decision allows Anthropic to train its chatbot, Claude, on millions of books obtained without the consent of the authors. Judge William Alsup decided that this practice is covered by the doctrine of fair use of copyright law in US. Judge Alsup termed the training of Claude by the company using copyrighted works as being extremely transformative. He said that Anthropic did not sell or directly copy these books, but rather reused them to…

PESHAWAR – Chief Minister Ali Amin Gandapur vehemently asserted that the Centre is conspiring against KP. He blamed the federal government of attempting to undermine the financial and political stability of the province. Addressing the KP budget session, he claimed that the Centre is intentionally holding up the budget to create a financial crisis and perhaps declare a financial emergency. He emphasized that such strategies would not work. He also cautioned that no one would succeed in overthrowing the PTI-led KP government. Mr Gandapur complained that he was not permitted to consult PTI founder Imran Khan on the KP budget,…

India’s subsidised rice made a noisy return to global markets, but the rice exporters in Pakistan did not give up. They were able to withstand the aggressive pricing of India with a clever emphasis on high quality and quick decision making. India had stopped exporting rice in the last two years to ensure food security in the country. Indian media had forecasted that the lifting of the export ban would have a devastating effect on the flourishing trade of Pakistan. Pakistan surprised though. In July, August, and September of 2024, the average monthly export of rice by Pakistan was 550,000…

Pakistanis spending on online apps reached new heights in FY2024–25. The users have spent more than Rs. 317 billion on different platforms. This shows the fast growth of digital adoption and international services in the country. This is a huge figure that shows how the country is quickly becoming digitalized and dependent on international technology services. FBR Chairman Rashid Mahmood disclosed the figures. Pakistani users made over 42 million transactions on Meta, Google, Apple, and others. Meta, Apple and Online Shopping are Leading the pack Apple/iTunes had the highest transaction volume of more than 5.1 million purchases amounting to almost…

The government has outlined significant risks that may undermine the Pakistan budget 2025-26 and medium-term fiscal outlook. These are slow GDP growth, inflation spikes, exchange rate volatility, poor revenue collection, increasing debt servicing expenses, poor performance of state-owned enterprises (SOEs), and natural or climate-related shocks. These risks were described by Finance Minister Muhammad Aurangzeb and Finance Secretary Imdadullah Bosal in a fiscal risk statement presented to parliament. They categorized the risks into seven broad categories, which include macroeconomic, revenue, debt, SOEs, climate change, natural disasters, and contingent liabilities. The statement also measured the potential effect on the fiscal deficit and…

Nuclear Developments in Iran are a Cause of Concern In recent years, Iran has greatly expanded its production of highly enriched uranium, a material known as near-weapons-grade material. On June 13, Israel carried out an unprecedented military attack, which was meant to stop the alleged Iranian quest to acquire nuclear weapons. Tehran (Capital of Iran) has consistently denied such an ambition. However, developing and deploying a nuclear weapon is not easy. The process necessitates modern technology, extensive resources, and perfect execution. Understanding Uranium and Its Enrichment Natural Uranium Composition Uranium occurs naturally in the earth’s crust. More than 85% of…

New Survey Reveals Financial Hardships Across the Demographics A recent national survey shows how the Rising living costs in Pakistan has become the most common cause of borrowing in 2024, and it is a problem that cuts across the board. The Financial Inclusion Survey (K-FIS) conducted by Karandaaz Pakistan once in every decade with the assistance of the Gates Foundation and the UK FCDO revealed that 12 percent of Pakistani adults borrowed to meet higher costs. The highest borrowing rate is 15 percent among self-employed people. Close behind are blue-collar workers and housewives with 14% each. Adults with disabilities are…