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MILITARY TOP BRASS VOWS TO SAFEGUARD PAKISTAN'S WATER RIGHTS UNDER IWT Tuesday, 7 July, 2026 | 21 Muharram, 1448
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CORPS COMMANDERS REAFFIRM COMMITMENT TO ENSURE PAKISTAN RECEIVES ITS RIGHTFUL SHARE OF INDUS WATERS FORUM STRESSES GOVERNANCE REFORMS, INTELLIGENCE-LED OPERATIONS AND INTEGRATED STRATEGY TO DEFEAT TERRORISM AND HYBRID WARFARE
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RAWALPINDI
Rs 50.00 | Vol XVII No 102 | 48 Pages | Lahore Edition
MILITARY WARNS INDIAN-BACKED TERROR PROXIES OPERATING FROM AFGHAN TERRITORY WILL FACE DECISIVE ACTION
PAKISTAN REITERATES UNWAVERING SUPPORT FOR KASHMIR CAUSE AND COMMITMENT TO REGIONAL PEACE THROUGH DIPLOMACY AND INTERNATIONAL LAW
MIAN ABRAR
AKISTAN's top military leadership on Monday reaffirmed its unwavering resolve to eliminate terrorism in all its forms, warning that Indian-backed militant proxies operating from Afghan territory and externally sponsored hybrid warfare would be met with a decisive and integrated response to safeguard the country's sovereignty and national security. The resolve was expressed during the 276th Corps Commanders' Conference (CCC), chaired by Field Marshal Syed Asim Munir, NI (M), HJ, Chief of Army Staff and Chief of Defence Forces, at the General Headquarters (GHQ), where the country's overall security environment, operational preparedness and regional developments came under comprehensive review. The forum paid rich tribute to the martyrs of the Armed Forces, law enforcement agencies and innocent civilians, offering Fateha for their eternal peace and reaffirming that their sacrifices remain the cornerstone of Pakistan's security, unity and resilience. The military leadership expressed satisfaction over the operational preparedness, professionalism and combat readiness of the Pakistan Armed Forces, emphasizing that the country's defence remains fully capable of responding to both conventional and emerging security challenges. The Corps Commanders expressed grave concern over the continued use of territory under the control of the Afghan Taliban by Indian-sponsored terrorist organisations, including Fitna al Khawarij (FAK) and Fitna al Hindustan (FAH), to launch attacks inside Pakistan. The forum stressed that lasting peace and stability in
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the region depended upon preventing the misuse of Afghan territory by terrorist proxies, stating that the Afghan Taliban regime bears direct responsibility for ensuring its territory is not used against neighbouring countries. Reaffirming Pakistan's inherent right to defend its citizens against terrorism, the military leadership declared that intelligence-based operations against terrorist networks operating from Afghan territory would continue under the ambit of Operation Ghazab-lil-Haq until the threat is effectively neutralised. Besides military operations, the forum emphasized that sustainable peace in troubled regions also requires effective governance, stronger public service delivery and improved welfare initiatives. The commanders highlighted the urgent need to establish robust governance structures capable of dismantling the nexus between terrorism and organised crime, which they said continues to thrive under vested political patronage. The forum underscored that development, effective administration and public confidence remain indispensable components of
Pakistan's broader counterterrorism strategy. Reviewing the evolving strategic environment following what it described as Pakistan's comprehensive success in Mark-e-Haq, the military leadership observed that hostile elements had increasingly shifted towards hybrid warfare, disinformation campaigns and other externally supported efforts aimed at creating instability inside the country. The forum strongly condemned state-sponsored financing, facilitation and support of terrorist proxies, asserting that every attempt to destabilise Pakistan through hybrid means would continue to be countered with strategic clarity, institutional resilience and unwavering resolve. The commanders also reviewed regional developments and appreciated Pakistan's constructive diplomatic role in promoting dialogue, de-escalation and regional peace, reaffirming the country's commitment to peaceful conflict resolution, respect for international law and enhanced regional cooperation.
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Pakistan calls for stronger UN to enforce global peace mandate Pakistan, Kyrgyzstan set to boost economic partnership as Zardari arrives in Bishkek PROFIT
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President Asif Ali Zardari arrived in the Kyrgyz Republic on Monday for a four day official visit, marking the first trip by a Pakistani president to the Central Asian country in 21 years and signalling a renewed push to strengthen bilateral relations. The visit comes months after Kyrgyz President Sadyr Zhaparov travelled to Pakistan in December last year, reflecting growing momentum in high level engagement between the two countries. During the visit, President Zardari, accompanied by a high level delegation, will hold separate one on one and delegation level meetings with President Zhaparov to review the overall state of bilateral ties and discuss regional and international developments. Economic cooperation is expected to feature prominently in the talks, with both sides set to explore ways to deepen collaboration in trade and investment as well as energy, mining, agriculture, textiles, the halal industry, healthcare and pharmaceuticals, the digital economy, education, tourism and people to people exchanges. According to the Foreign Office, President Zardari will also meet the Speaker of the Kyrgyz Parliament during a courtesy call as part of his official engagements.
Revised telecom bill makes landowner consent mandatory for right-of-way, ministers say
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Deputy Prime Minister and Foreign Minister Senator Ishaq Dar on Monday reaffirmed Pakistan's unwavering commitment to advancing the purposes and principles of the United Nations Charter, upholding international law and treaties, and strengthening multilateral cooperation to promote global peace, security and sustainable prosperity. He expressed these views during a meeting with María Fernanda Espinosa, who called on him in Islamabad as part of her campaign
for the position of the next United Nations Secretary-General. Welcoming the visiting dignitary, the deputy prime minister reiterated Pakistan's strong support for effective multilateralism and underscored the central role of the United Nations in addressing global challenges, maintaining international peace and promoting equitable international cooperation. Dar expressed the hope that the incoming UN Secretary-General would undertake meaningful institutional reforms to make the world body more effective, representative and responsive to contemporary global challenges.
He also stressed the urgent need for the effective implementation of long-standing United Nations Security Council resolutions, particularly those relating to Palestine and Jammu and Kashmir, describing their implementation as essential for achieving lasting peace and stability in the Middle East and South Asia. Reaffirming Pakistan's principled foreign policy, Dar said Islamabad would continue working closely with the international community to promote dialogue, peaceful dispute resolution and a rules-based international order founded on the principles of the UN Charter.
Law Minister Azam Nazeer Tarar said on Sunday that a committee formed by Prime Minister Shehbaz Sharif had unanimously agreed to revise proposed amendments to telecommunication laws, making the consent of property owners mandatory before telecom infrastructure can be installed on private land. Addressing a joint press conference with Minister for Information Technology and Telecommunications Shaza Fatima Khawaja, Tarar said the revised draft of The Pakistan Telecommunication (Re-organisation) (Amendment) Bill would clearly state that no right-ofway could be granted over private land without the owner’s consent. Prime Minister Shehbaz Sharif had constituted the committee after criticism from government allies and opposition lawmakers, who called for a review of the bill and changes to its disputed provisions. Tarar and Khawaja rejected concerns that the proposed law would allow occupation of private property. They said the legislation was aimed at updating Pakistan’s telecom legal framework to support 5G and other advanced technologies, not at overriding citizens’ property rights. Khawaja said the existing Pakistan Telecommunication (Re-organisation) Act, 1996, was drafted during the 2G era and no longer met the requirements of modern telecommunications infrastructure. She said the bill was introduced in the National Assembly in January and reviewed in detail by the relevant standing committee before being passed in June. She added that the draft included amendments proposed by the Pakistan Peoples Party (PPP) and was later referred to the Senate standing committee, where further deliberations were under way. The minister said Pakistan had recorded nearly 25% growth in data consumption over the past two years due to population growth and increasing digital adoption. She said spectrum availability had risen from 274MHz to around 750MHz through the country’s largest-ever spectrum auction. Khawaja said the proposed amendments were intended to facilitate investment in digital infrastructure, expand high-speed internet access and address regulatory hurdles, particularly those linked to right-of-way approvals. She said the expansion of telecom services required fibre-optic networks, towers and other infrastructure across the country. She added that when the present government assumed office, only three million households had fibre-based internet connections, while the number had now increased to more than five million due to policy and technical measures. The minister said Prime Minister Shehbaz Sharif had set a target of extending wired broadband connectivity to at least 10 million households over the next three years. Khawaja said provincial governments had also contributed to structural reforms in the telecom sector. She maintained that the bill did not contain any provision allowing forced occupation of private land.
Aurangzeb launches early budget consultations to drive export-led growth KARACHI
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Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Monday reaffirmed the government's commitment to structural economic reforms, policy consistency and an export-led growth strategy, announcing that preparations for the next federal budget had already begun through an extensive consultative process with the country's business community. Addressing a meeting with leading industrialists and business leaders at the Pakistan Business Council (PBC), the finance minister said the government had deliberately initiated budget consultations much earlier this year to ensure broader stakeholder participation
and a more comprehensive fiscal planning process. He appreciated the Pakistan Business Council for providing a unified platform for the country's leading businesses and acknowledged its continued contribution to fostering constructive dialogue between the government and the private sector on key economic and policy issues. Referring to the global economic environment, Senator Aurangzeb observed that the international economy had shown greater resilience than initially anticipated, noting that countries committed to structural reforms had been more successful in maintaining economic stability and sustaining growth. He stressed that Pakistan must continue implementing comprehensive reforms aimed at strengthening
macroeconomic stability, enhancing competitiveness, attracting investment and ensuring long-term sustainable economic growth. Highlighting the government's fiscal strategy, the finance minister said the Federal Budget 2026-27 introduced significant taxation and financing measures designed to promote exports, improve exporters' access to credit and reinforce Pakistan's transition towards an export-driven economy. He underscored that policy predictability remained essential for restoring investor confidence and enabling long-term business planning, reaffirming the government's commitment to implementing a Medium-Term Tax Strategy that would provide a stable and transparent taxation framework for businesses.
PM mobilises diplomacy to increase overseas jobs for Pakistani youth ISLAMABAD STAFF CORRESPONDENT
Prime Minister Muhammad Shehbaz Sharif on Monday directed Pakistan's embassies across the world to proactively identify and facilitate overseas employment opportunities for skilled Pakistanis, underscoring the government's commitment to equipping the country's youth with internationally recognised qualifications and connecting them with global labour markets. Chairing a high-level review meeting on youth employment, the prime minister said Pakistan's young workforce possessed enormous potential and stressed that diplomatic missions must play a more active role in expanding overseas job opportunities by gathering and sharing information on vacancies, required qualifications and labour market demands in their respective host countries. He instructed the Ministry of Overseas Pakistanis, the National Vocational and Tech-
nical Training Commission (NAVTTC) and the Prime Minister's Youth Programme to ensure that young Pakistanis receive high-quality vocational training, foreign language education and internationally recognised certifications to enhance their employability abroad. The prime minister observed that Pakistan's workforce was highly capable and said the government was making every effort to provide education and technical training that meets global standards and responds to evolving international market requirements. Emphasising closer international collaboration, he directed all relevant institutions to strengthen cooperation with foreign governments and organisations to ensure Pakistani technical certifications are aligned with internationally accepted standards. The prime minister also instructed authorities to provide language training alongside professional certification for countries offering employment opportunities to Pakistani workers, enabling them to compete
more effectively in overseas labour markets. He further sought a comprehensive report on the performance of technical and vocational training institutes operating under NAVTTC, as well as progress on establishing Country of Destination Centres aimed at preparing workers according to the specific requirements of foreign employers. During the meeting, officials informed the prime minister that more than 800,000 young Pakistanis had already registered with the Digital Youth Hub, which serves as a platform connecting youth with employment, training and career opportunities. Participants were told that significant overseas employment opportunities currently exist in sectors including construction, agriculture, tourism, healthcare, transportation, biotechnology, manufacturing, shipbuilding, information technology, engineering, nursing, pharmaceuticals and food production. The meeting was informed that spe-
cialised training programmes are already underway to prepare Pakistani workers for employment in these high-demand sectors. Officials also briefed the prime minister that Pakistani embassies would provide up-
dated information on overseas employment opportunities and qualification requirements through the Digital Youth Hub, enabling job seekers to access verified opportunities more efficiently.
02 NEWS
Tuesday, 7 July, 2026 | LAHORE
CLIMATE DISASTERS COST PAKISTAN $58.8 BILLION AS FINANCING NEED REACHES $331 BILLION BY 2030
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HE State Bank of Pakistan (SBP) has said climate disasters have already caused Pakistan economic losses of $58.8 billion by 2025, while the country will need an estimated $331 billion in climate financing between 2024 and 2030 to strengthen resilience and limit further losses from climate change. Citing estimates by Climate Policy Initiative (CPI), the SBP said the requirement is equal to around 10% of Pakistan’s cumulative GDP, or about $47 billion a year, during the 2024-2030 period. Pakistan was the 15th most affected country by climatic events between 1995 and 2024, despite contributing only around 1% to global greenhouse gas emissions. The report said the top 10 greenhouse gas-emitting economies together account for around 70% of global emissions. According to the SBP, Government of Pakistan estimates place the country’s climate finance needs between $200 billion
and $348 billion by 2030 for climate-resilient development and implementation of its Nationally Determined Contribution. The government’s Pakistan Climate Prosperity Plan has identified a much larger investment requirement of $1.6 trillion by 2050, focusing on development, climate, nature, technology access and phased investment. The central bank said floods have had a direct negative impact on GDP, although
Telenor-PTCL merger may lead to 300-500 layoffs: report PROFIT
this was partly offset by post-flood recovery in agriculture and rehabilitation activity. However, floods also hurt GDP indirectly by increasing input prices, the report said. Despite the scale of need, Pakistan received only $1.4 billion to $2 billion in climate finance annually on average over the past decade. Inflows peaked at around $4 billion in 2021, but remained far below the level re-
quired to meet Pakistan’s conditional climate commitments. The SBP said climate finance flows to Pakistan are also lower on a per-capita basis compared with peer economies, including Bangladesh, the Philippines, Kenya and India. The report identified three main reasons for the financing gap. First, global climate finance is more heavily directed towards mitigation projects, which are seen as more bankable than adaptation projects, while Pakistan’s financing needs are more tilted towards adaptation. Second, project bankability in Pakistan is affected by repeated macroeconomic instability, exchange rate volatility, elevated sovereign risk, political uncertainty, underdeveloped financial markets and weak institutional and regulatory frameworks. The SBP said bankability depends on factors including sovereign risk, credit risk, exchange rate risk, political risk and macroeconomic stability. Third, Pakistan has limited capacity to prepare strong climate project pipelines. The SBP said project pipelines are important because they provide direction and
AGP flags billions in unjustified RLNG costs passed on to gas consumers PROFIT
NHA raises Islamabad-Lahore Motorway toll by 7% PROFIT
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The merger of Telenor Pakistan and Pakistan Telecommunication Company Limited (PTCL) is expected to result in significant job cuts, with around 300 to 500 employees being affected as the newly merged company moves to remove overlapping roles, Business Recorder reported, citing sources. The restructuring follows the legal completion of the merger and is part of the integration process under the merged company, e&. Sources said the exercise has already begun and is expected to continue over the coming weeks. The review is focused on departments where both companies had parallel teams before the merger. These include sales, marketing, finance, human resources, technology, customer service, and administration. Before the merger, Telenor Pakistan had around 800 employees. Around 300 employees of Ufone, a wholly-owned subsidiary of PTCL, have already been moved to the company’s headquarters at 345, with more transfers expected as integration progresses. Sources said the merged workforce is larger than the company’s operational needs. The planned reduction could bring the employee count closer to Jazz, Pakistan’s largest mobile operator, which has around 1,100 employees. Employees are also concerned that separation packages may be smaller than those offered in earlier telecom mergers. Sources said the compensation being considered is limited to a few months’ salary, unlike the larger Voluntary Separation Scheme packages offered after the Warid-Mobilink merger that led to the creation of Jazz.
Khyber Tobacco signs MoU with Korea’s KT&G for Pine Passion Sky licence PROFIT
The Auditor General of Pakistan (AGP) has flagged irregularities in the diversion of Re-gasified Liquefied Natural Gas (RLNG), saying unjustified costs were passed on to consumers through gas tariffs and fixed monthly charges, Business Recorder reported. In its audit report for 2025-26, recently tabled before the National Assembly, the AGP said the government allowed RLNG diversion to domestic and commercial consumers from 2018 due to declining indigenous gas production and rising demand. The report said RLNG, which is more expensive than local gas, was supplied at subsidised indigenous gas rates, creating a cost gap that was later recovered through tariffs and subsidies. According to the audit, Sui Northern Gas Pipelines Limited (SNGPL) diverted more than 188 million MMBTUs of RLNG between November 2018 and October 2023. Against this diversion, SNGPL claimed Rs370.36 billion in subsidies. The government released Rs116.06 billion, leaving Rs254.3 billion outstanding. The AGP said RLNG was also diverted during summer months despite the availability of cheaper indigenous gas. This resulted in an
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irregular subsidy claim of Rs73.03 billion, while the total financial impact was estimated at more than Rs100.9 billion. The audit also found that RLNG was diverted beyond approved categories of domestic and commercial consumers. It further pointed to the release of unbudgeted subsidies worth Rs30.8 billion, absence of pre-audit and verification of claims after FY2019-20, weak financial controls and non-compliance with Economic Coordination Committee decisions. The report also noted that fixed monthly charges were approved on gas bills in 2023. SNGPL collected more than Rs117.37 billion under these charges, but no mechanism was developed to adjust or account for the amount, according to the audit. The AGP also flagged
SNGPL’s revenue shortfall, which stood at Rs529.34 billion as of March 2025. Despite repeated directions from the Oil and Gas Regulatory Authority (OGRA), no policy framework has been developed to recover or manage the shortfall. The audit said the RLNG diversion arrangement began as an emergency measure but was implemented without adequate planning, costing, billing, measurement and verification mechanisms. The AGP recommended strict verification of subsidy claims, limiting subsidies to approved consumer categories and developing transparent financial adjustment mechanisms. It said weak governance and flawed cost recovery policies had increased the financial burden on gas consumers.
Govt allocated Rs1.6b to strengthen weather forecasting, disaster preparedness
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Khyber Tobacco Company Limited (KHTC) has signed a Memorandum of Understanding (MoU) with KT&G Corporation of the Republic of Korea for a proposed royalty licence arrangement covering KT&G’s cigarette brand “Pine Passion Sky.” In a material information notice sent to the Pakistan Stock Exchange Monday, KHTC said the MoU relates to the grant of a royalty licence for the Korean company’s cigarette brand. The company said the MoU will be followed by a formal agreement on the proposed licensing arrangement. Under the proposed arrangement, KHTC intends to manufacture and/or market “Pine Passion Sky” in Pakistan and other territories that may be mutually agreed by the parties. The proposed transaction remains subject to the signing of definitive agreements, applicable regulatory approvals and customary commercial conditions. KHTC said the announcement of the signing of the formal agreement will be made promptly through PUCARS of the PSX. The company said the collaboration has the potential to strengthen its product portfolio, improve its competitive position and support future business growth.
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Pakistan has allocated Rs1.6 billion to the Pakistan Meteorological Department (PMD) under the Annual Plan 2026-27 to strengthen weather forecasting and disaster preparedness, as the country faces rising economic losses from floods and other climate-related disasters.
confidence to Multilateral Development Banks and market participants, helping increase financing commitments. The report said Pakistan also needs evidence-based estimates of the cost of climate inaction to strengthen the case for grants and concessional financing. It added that Multilateral Development Banks have reported that climate finance disbursements in Pakistan are slowed by bureaucratic bottlenecks and shifting political priorities. The report cited the World Bank’s Pakistan Hydromet and Climate Services Project, which concluded in mid-2025 with key components removed. According to the World Bank’s completion report, weather radars, automatic weather stations and observatories were dropped because of procurement delays and institutional frictions. The SBP said the absence of technical data systems, including an integrated Monitoring, Reporting and Verification system, makes it harder for donors to track outcomes and increases risk aversion among international lenders.
The largest share, Rs1 billion, has been set aside for the modernisation of Hydromet Services in Pakistan. The project is aimed at improving hydrometeorological infrastructure, forecasting accuracy and climate data systems. The plan also includes Rs344 million for the proposed National Centre for Rainfall Enhancement, which is meant to support water se-
curity, climate adaptation and agricultural productivity. For real-time weather monitoring and early warnings, the government has allocated Rs195 million for a weather surveillance radar project in Multan and Rs5 million for a similar project in Sukkur. Separately, the Ministry of Climate Change and Environmental Coordination is projected to receive Rs2.5 billion. Most of this allocation is focused on forestry, biodiversity conservation, afforestation and ecosystem restoration. The ministry’s planned initiatives include the Pakistan Climate Innovation and Green Growth Initiative, which will provide green skills to youth and support entrepreneurship through a Green Innovation Fund. A National Forest and Tree Cover Assessment is also planned, using remote sensing and machine learning to improve forest monitoring and restoration planning.
The National Highway Authority (NHA) has increased toll rates on the Lahore-Islamabad Motorway (M-2) by 7%, with the revised charges taking effect from July 5, 2026. According to an NHA notice, the new rates will remain applicable until April 23, 2027. The increase has been made under the concession agreement signed on April 23, 2014 between the NHA and Motorway Operations and Rehabilitation Engineering (Private) Limited, a subsidiary owned by the Frontier Works Organisation (FWO). The agreement covers overlay and modernisation of the Lahore-Islamabad Motorway on a buildoperate-transfer basis for 20 years. The notice said a 7% hike in toll rates would be implemented from the 13th year of the concession period. Under the revised schedule, cars, jeeps and taxis will be charged Rs1,430, with a per-kilometre toll rate of Rs3.98. Wagons will pay Rs2,390 at Rs6.68 per km, while coasters will be charged Rs3,350 at Rs9.34 per km. The toll for buses has been fixed at Rs4,770, based on Rs13.32 per km. Two- and three-axle trucks will pay Rs6,210 at Rs17.33 per km, while articulated trucks will be charged Rs7,980 at Rs22.29 per km. The increase comes days after the Islamabad High Court suspended an NHA notification imposing an additional 50% toll on vehicles travelling on motorways without an M-Tag or with insufficient M-Tag balance. The court sought responses from the federation and NHA and adjourned the case until August 3.
Ogra raises RLNG prices by up to 16% for June after costly spot purchases PROFIT
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The Oil and Gas Regulatory Authority (Ogra) has notified an increase of around 15% in Regasified Liquefied Natural Gas (RLNG) prices for June for the two Sui gas companies, mainly due to costly spot purchases made at short notice after supply disruptions linked to the Gulf tensions. At the transmission stage, the RLNG sale price for Sui Northern Gas Pipelines Limited (SNGPL) increased 14.85% to $17.94 per million British thermal units (mmBtu) in June from $15.62 in May. SNGPL’s transmission-stage price had stood at $10.45 per mmBtu in February. At the distribution stage, SNGPL’s RLNG price rose 14.94% to $19.5228 per mmBtu in June from $16.9847 in May. For Sui Southern Gas Company Limited (SSGCL), the transmission-stage RLNG price increased 16% to $16.368 per mmBtu in June from $14.093 in May. SSGCL’s transmission-stage price had stood at $9.47 per mmBtu in December 2025. At the distribution stage, SSGCL’s RLNG price rose 16.17% to $18.64 per mmBtu in June from $16.042 in May. The distribution-stage price for SSGCL had stood at $10.77 per mmBtu in December.
Lahore consumers continue to pay above official food prices PROFIT
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Lahore consumers continued to pay well above official rates for poultry, vegetables and fruits during the past week, as retailers ignored district administration price lists despite lower petrol and diesel prices that were expected to ease transport costs. Poultry prices remained among the most prominent examples of the disparity. The official rate for chicken meat was reduced by Rs14 per kg to Rs403, but it continued to retail between Rs460 and Rs520 per kg. Boneless chicken was sold for Rs800-850 per kg. Live chicken prices were reduced by Rs10 per kg to Rs264-278, though the commodity was largely unavailable at the official rate.
Vegetable prices also remained significantly above the notified rates. Potatoes were fixed at Rs35-38 per kg but sold between Rs60 and Rs80. Tomatoes rose by Rs35 per kg to an official rate of Rs190-205, while market prices ranged from Rs250 to Rs300. Onions were fixed at Rs100-107 after a Rs17 increase but retailed between Rs120 and Rs140. Among other kitchen staples, local garlic increased by Rs5 per kg to Rs135-140 but sold between Rs200 and Rs250. Chinese garlic was available at Rs600 per kg, while Harani garlic, officially priced at Rs235-245 per kg, sold for Rs320-400. Thai ginger increased by Rs40 per kg to Rs335-350 but retailed at Rs450-500. Farm cucumbers were fixed at Rs124130 per kg but sold at Rs150-160, while
local cucumbers were priced at Rs47-50 officially but retailed between Rs100 and Rs120. Brinjal remained fixed at Rs66-70 but sold for Rs100-140. Bitter gourd increased by Rs5 per kg to Rs76-80 and retailed between Rs100 and Rs140. Spinach was officially priced at Rs23-25 per kg but sold at Rs80-100. Local zucchini increased by Rs20 per kg to Rs105-110 and sold at Rs140-150. Farm zucchini was fixed at Rs52-55 but remained unavailable, while long zucchini, priced at Rs28-30 per kg, was also unavailable. Pumpkin increased by Rs20 per kg to Rs76-80 but retailed between Rs100 and Rs120. Ladyfinger rose by Rs20 per kg to Rs95-100 and sold at Rs130-150. Lufa remained fixed at Rs38-40 but retailed at Rs80-100.
Green chillies were fixed at Rs105-110 per kg but sold at Rs150-160, while capsicum increased by Rs10 per kg to Rs200-210 and retailed between Rs280 and Rs300. Cauliflower, despite an official reduction of Rs20 per kg to Rs124-130, sold at Rs200-220. Cabbage increased by Rs20 per kg to Rs66-70 but retailed between Rs120 and Rs140. Chinese carrots remained fixed at Rs95100 per kg but sold at Rs250-300, while peas increased by Rs10 per kg to Rs191-200 and retailed at Rs450-500. Fruit prices also remained above official levels. Apples were officially priced between Rs115 and Rs380 per kg but sold for Rs250-600. A-grade bananas were fixed at Rs193-215 per dozen but retailed between Rs300 and Rs350, while B-grade bananas were priced at Rs125-140 and sold at
Rs220-250. Dates were officially priced between Rs360 and Rs470 per kg but sold from Rs800 to Rs2,400. Different varieties of mangoes were fixed at Rs120-320 per kg but retailed between Rs200 and Rs400. Plums remained fixed at Rs410-430 per kg and sold at Rs400-500. Watermelon was fixed at Rs37-40 per kg but sold at Rs80-100. Litchi increased by Rs20 per kg to Rs645-675 and retailed at Rs800-1,000. Cantaloupe was fixed at Rs115-120 but sold at Rs150-180, while peaches were officially priced at Rs190-270 and retailed between Rs250 and Rs350. Papaya was fixed at Rs260-277 per kg but sold for Rs350-400, while jambolan was officially priced at Rs162-170 and retailed between Rs250 and Rs300.
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AUDIT FLAGS RS80BN EXCESS UFG LOSSES AT SSGCL, IDENTIFIES RS81BN RECOVERABLE
Tuesday, 7 July, 2026 | LAHORE
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Committee (ECC) decision relating to Habibullah Coastal Power Company Limited (HCPC). It observed that SSGCL failed to implement the ECC decision for more than five years and ultimately treated Rs4.157 billion receivable from HCPC as bad debt and operating expense, resulting in non-recovery of public money. The DAC instructed the management to pursue the matter with OGRA and recommended fixing responsibility. Among its governance-related observations, the audit pointed to weak internal controls that resulted in gas theft through six fake gas meters, causing a loss of Rs123.611 million. It also questioned the assignment of 61 percent of the company's 2,299 recovery cases to only seven lawyers, saying the practice led to litigation and reflected weaknesses in legal case management. The audit report noted that SSGCL continues to face governance challenges, operational inefficiencies, weak contract and project management and unresolved regulatory issues. It also pointed out that the company had not finalised its audited financial statements for FY2023-24 due to unresolved matters with OGRA regarding determination of its revenue requirements. The AGP recommended strengthening internal controls, improving UFG management, accelerating recovery of outstanding dues, implementing pending government and DAC decisions, enhancing antitheft measures, and fixing responsibility where audit observations are established.
PAKISTAN’S AUDITOR GENERAL FLAGS RS250.832BN OBSERVATIONS AT SSGCL, WITH RS80.014BN IN UFG LOSSES BEYOND OGRA LIMITS. THE AUDIT IDENTIFIES RS81.251BN RECOVERABLE AND NOTES WEAK THEFT DETECTION ISLAMABAD
AhmAD AhmADAni
HE Auditor General of Pakistan has raised audit observations amounting to Rs250.832 billion on SSGCL, including Rs157.048 billion in UFG-related observations and Rs80.014 billion in UFG losses beyond OGRA's permissible benchmark, while identifying Rs81.251 billion as recoverable. Sui Southern Gas Company Limited (SSGC) is a public limited company incorporated in Pakistan and listed in Pakistan Stock Exchange. The shareholding of the Government of Pakistan in the company is 53.18%. The main activity of the SSGC is transmission and distribution of natural gas in the provinces of Sindh and Balochistan. The company is also engaged in certain activities related to the gas business including manufacturing and sale of gas meters, construction contracts for laying of pipelines and transportation of RLNG to SNGPL. SSGC is serving more than 3.113 million consumers in Sindh and Balochistan through a pipeline network of 47,520 KMs. The company is facing multiple problems that include governance issues, operational
Nation salutes Havildar Lalak Jan Shaheed's timeless legacy of valor
inefficiency, weak contract and project management that have suppressed the profitability and business growth of the company over the period of time. The company had not been able to finalize its accounts for the FY 2023-24 due to non-resolution of issues with Oil and Gas Regulatory Authority (OGRA) leading to non-determination of its revenue requirements for the aforesaid financial year. According to the audit report, audit observations amounting to Rs250.832 billion were raised during the current audit of SSGCL. Of this amount, the audit identified Rs81.251 billion as recoverable. The observations have been classified as UFG-related issues amounting to Rs157.048 billion; receivables management, Rs56.043 billion; non-compliance with government policy, Rs20.227 billion; operational and performance issues, Rs10.173 billion; non-compliance with OGRA regulations, Rs3.937 billion; procurement-related issues, Rs2.301 billion; weak internal controls, Rs799.397 million; corporate governance-related issues, Rs17.545 million; and other observations, Rs285.430 million. The audit identifies UFG as the company's biggest operational and financial challenge. It said SSGCL sustained
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Field Marshal Syed Asim Munir, NI (M), HJ, Chief of Army Staff & Chief of Defence Forces; Admiral Naveed Ashraf, NI, NI (M), T Bt, Chief of the Naval Staff; Air Chief Marshal Zaheer Ahmed Baber Sidhu, NI (M), HJ, Chief of the Air Staff; and the Armed Forces of Pakistan solemnly commemorate the martyrdom anniversary of Havildar Lalak Jan Shaheed, Nishan-e-Haider, paying profound tribute to his extraordinary courage, unwavering devotion and supreme sacrifice in the defence of the motherland during the Kargil conflict. On this day in 1999, Havildar Lalak Jan Shaheed displayed exceptional gallantry and steadfast resolve while defending his post against relentless enemy attacks. Despite sustaining critical injuries, he refused evacuation and continued to lead by example, fighting with indomitable determination until he embraced martyrdom in the line of duty. His immortal sacrifice remains a shining symbol of courage, resilience and selfless service. The Armed Forces of Pakistan and the nation honour his enduring legacy with profound respect and gratitude. His life and sacrifice continue to inspire present and future generations to uphold the highest ideals of duty, honour and patriotism. The people and Armed Forces reaffirm their unwavering commitment to preserving the sacred trust of the Shuhada-ePakistan and defending the sovereignty and territorial integrity of the nation with the same spirit of courage, dedication and honour.
Military top brass vows to safeguard Pakistan's water rights under IWT CONTINUED FROM PAGE 01
The conference also discussed India's recent rhetoric regarding the Indus Waters Treaty (IWT), reaffirming the guidance issued by the National Security Committee on April 24, 2025. The military leadership reiterated its firm commitment to ensuring Pakistan receives its rightful share of water in accordance with government directives and the aspirations of the Pakistani people. The forum further condemned ongoing human rights violations and demographic changes in Indian Illegally Occupied Jammu and Kashmir (IIOJK), reiterating that Kashmir remains Pakistan's "jugular vein" and reaffirming Islamabad's continued diplomatic, political and moral support for the Kashmiri people's right to selfdetermination in line with UNSC resolutions.
Rs53.928 billion, stating that weak surveillance and ineffective UFG control activities resulted in large-scale undetected theft. According to the audit, gas theft valued at Rs49.984 billion remained undetected by the company's Customer Relations and Security Services and Counter Gas Theft Operations departments. In FY2023-24 alone, SSGCL reported theft claims of Rs858.671 million involving 331 cases, while inaction against 82,543 non-consumers allegedly resulted in additional losses of Rs3.086 billion. The DAC directed the management to intensify efforts to detect theft and pursue recoveries through the courts. Receivables management emerged as another major concern. During the audit of FY 2023-24, SSGCL was found to have outstanding gas dues of Rs55.731 billion, including Rs1.895 billion owed by 455 industrial consumers and Rs53.836 billion owed by commercial and domestic consumers. The audit further noted that Rs24.717 billion of the outstanding amount was unsecured and attributed the situation to weak financial management. The DAC directed the company to expedite recovery of the outstanding dues. The audit also highlighted the non-implementation of an Economic Coordination
PSX surges over 2,000pts as investor buying accelerates g
KSE-100 INDEX CLOSES AT 187,454.69, WITH BUYING LED BY BANKS, OIL AND GAS, CEMENT, FERTILISER, AND AUTO STOCKS PROFIT
news Desk
stAff report
Rs80.014 billion in UFG losses beyond OGRA's permissible limits during FY 202021 to FY 2023-24 because it failed to achieve the Key Monitoring Indicators (KMIs) prescribed by the regulator for reducing gas losses. According to the report, SSGCL's actual UFG remained consistently above OGRA's benchmark throughout the review period. Against the regulator's targets of 6.92 percent, 6.97 percent, 6.25 percent and 6.30 percent, the company recorded actual UFG of 15.31 percent, 17.84 percent, 18.06 percent and 13.94 percent, respectively. The audit concluded that ineffective implementation of the UFG reduction plan and nonachievement of KMIs reduced the company's profitability and dividend payable to shareholders, including the federal government. The Departmental Accounts Committee (DAC) directed the company to strengthen implementation of its UFG reduction plan and bring losses within the permissible benchmark. The report further observed shortcomings in the company's anti-gas theft efforts despite establishing dedicated departments to detect pilferage. Audit estimated the financial impact of failure in detecting gas theft at
Investor confidence remained strong at the Pakistan Stock Exchange (PSX) on Monday, with the benchmark KSE-100 Index climbing over 2,000 points during intraday trading as broad-based buying continued across major sectors. According to the PSX website, the market opened in positive territory, with the KSE-100 Index rising more than 1,400 points in early trade. The benchmark extended its gains as buying activity remained strong throughout the session. The rally was driven by buying in apparel, automobile assemblers, cement, commercial banks, fertiliser, glass and ce-
ramics, oil and gas exploration companies, oil marketing companies and refineries. At close, the market settled at 187,454.64, with an increase of 2,082.49 points or 1.12% from the previous close. The gains extended the market's strong performance from last week, when the KSE-100 Index rose 3.2% week-on-week. The rally was supported by an 8% weekly decline in Arab Light crude oil prices and lower yields in the latest Pakistan Investment Bond (PIB) auction. Trading activity also strengthened during the previous week, with average daily volumes increasing 7.1% week-on-week to around 865 million shares, while the average daily traded value rose 27.7% to approximately $171 million. Mutual funds emerged as the largest
net buyers during the week, purchasing equities worth $23.5 million, followed by companies with net buying of $6.6 million. Insurance companies were the largest net sellers at $20.9 million, while individual investors sold shares worth $4.8 million. According to Intermarket Securities, with the June quarter now concluded and geopolitical tensions easing, market participants are expected to shift their focus towards upcoming corporate earnings announcements. Globally, European stocks and U.S. futures ticked higher on Monday as the potential for increased energy supplies pulled down oil prices and promised relief from inflationary pressures, while investors awaited a crucial earnings season for the AI sector.
SBP's InvestPak Portal goes live as govt seeks to diversify borrowing sources g
FM SAYS DIGITAL ACCESS TO GOVERNMENT SECURITIES WILL HELP BROADEN INVESTOR BASE, SUPPORT FIXED-INCOME INVESTMENT AND CREATE ROOM FOR PRIVATE-SECTOR LENDING PROFIT
news Desk
The government has launched the State Bank of Pakistan’s InvestPak Portal to widen digital access to government securities and gradually reduce its reliance on commercial banks for financing. Speaking at the launch ceremony, Finance Minister Muhammad Aurangzeb said the portal marked the beginning of a new era of investment and would support the government’s objective of diversifying its investor base. The InvestPak Portal is a digital investment platform for individual and corporate investors seeking to invest in government securities. The platform is aimed at digitising and simplifying the
process of investing in fixed-income government instruments. Aurangzeb said the government had recently met bank chief executives to discuss expanding credit to the private sector. He said excessive government borrowing from banks had remained a concern because it could crowd out private-sector lending. The finance minister said Pakistan remained too dependent on commercial banks for government borrowing and needed to broaden its funding sources over time. He said reducing this dependence would help banks build capacity and willingness to increase lending to the private sector. Aurangzeb also called on the nonbank financial institution industry to play
a greater role in the government securities market. He said participation by nonbank financial institutions made sense given their business models and asset-liability management requirements. The finance minister said technology could support financial inclusion by making investment faster, cheaper and more accessible. He said Pakistan had seen strong growth in equity investor participation during the past 12 to 18 months. However, he said the country had lagged in the fixed-income segment. Aurangzeb said the InvestPak Portal would help address this gap by improving access to government securities and encouraging broader participation in fixed-income investment.
Federal Govt released over Rs34.88 trn to KP under NFC award and war on terror over five years g
OFFICIAL FIGURES SHOW FEDERAL GOVT RELEASED MORE THAN RS34.88TRN TO KP FROM 2021 TO 2025 UNDER NFC AWARD AND WAR ON TERROR, WITH THE HIGHEST ALLOCATION IN 2024-25 PESHAWAR
Aziz Buneri
The federal government released more than Rs34.88 trillion to Khyber Pakhtunkhwa under the National Finance Commission (NFC) Award and the War on Terror head during the last five years, according to official figures submitted to the Khyber Pakhtunkhwa Assembly. The documents show that between 2021 and 2025, the province received Rs31.14 trillion under the NFC Award
and Rs3.74 trillion as War on Terror reimbursements, bringing the total disbursement under the two heads to Rs34.88 trillion. According to the data, Khyber Pakhtunkhwa received its highest annual allocation in the 2024-25 fiscal year, amounting to Rs10.46 trillion. Of this, Rs9.34 trillion was released under the NFC Award, while Rs1.12 trillion was provided under the War on Terror head. The document further states that Khyber Pakhtunkhwa’s overall share in
federal transfers over the past five years stood at Rs36.47 trillion. Sources in the provincial Finance Department said the provincial government has repeatedly criticized the federal government in the media for allegedly failing to provide adequate funds to Khyber Pakhtunkhwa. However, they maintained that the documents submitted to the provincial assembly contain a complete record of all funds transferred by the federation to the province during the period under review.
While there were no new developments in the fractious U.S.-Iran peace talks, ships are passing through the Strait of Hormuz, with 160 vessels reported transiting from Monday to Saturday last week. OPEC+ also agreed to a further increase in output targets by 188,000 barrels per day from August. Brent crude fell 1.4% to near four-month lows at $71.10 a barrel. Europe's STOXX 600 rose 0.2% in early trading while futures for the S&P 500 climbed 0.5% after Friday's U.S. holiday break. South Korea's hot market cooled a little last week but is still up 90% for the year so far as AI demand and tight supplies boost chip prices. The KOSPI index eased 0.5% on Monday, while Japan's Nikkei was flat.
FPCCI seeks immediate reopening of Cotton Exchange Building, warns of mounting trade disruption PROFIT
weB Desk
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday pressed the authorities to immediately restore the historic Cotton Exchange Building to the Karachi Cotton Association (KCA) and its legal tenants, saying the prolonged closure has disrupted business activity across Pakistan's cotton value chain. The business body said 209 commercial offices housed in the building have been forced to cease operations, including many that have functioned continuously since Pakistan's creation in 1947. Calling for implementation of the Sindh High Court's order, FPCCI Vice President and Regional Chairman Sindh Abdul Mohamin Khan urged the authorities to hand over possession of the building to the KCA and its lawful occupants without further delay. The federation also expressed concern over the suspension of the KCA's Fibre Testing Laboratory, saying the facility, equipped with a High Volume Instrument (HVI) 1000 M1000, has long provided cotton testing services to the country's cotton trade and textile industry. Khan noted that the laboratory has been ranked the world's top cotton testing laboratory. FPCCI Senior Vice President Saquib Fayyaz Magoon said the Cotton Exchange Building has historically served as the centre of Pakistan's cotton economy, housing cotton merchants, exporters, brokers, service providers and businesses connected to the textile supply chain. He said the continued closure has adversely affected stakeholders and interrupted the functioning of an institution that has supported the country's cotton economy for generations. FPCCI President Atif Ikram Sheikh said the Karachi Cotton Association, established in 1933, has played a central role in the development of Pakistan's cotton trade by promoting market transparency, facilitating price discovery.
Pakistan’s RLNG imports fall 27% to lowest level since FY18
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AKD RESEARCH SAYS PAKISTAN IMPORTED 82 CARGOES IN FY26 AGAINST 117 LAST YEAR, WHILE AVERAGE RLNG PRICES DECLINED 8% TO $8.38 PER MMBTU PROFIT
news Desk
Pakistan’s Re-gasified Liquefied Natural Gas (RLNG) imports declined 27% year-on-year in FY26 to their lowest level since FY18, according to data compiled by AKD Research from OGRA. The country received 664 million cubic feet per day (MMCFD) of RLNG in FY26, compared with 914
MMCFD in FY25. Pakistan imported 82 RLNG cargoes during FY26, down from 117 cargoes in the previous fiscal year. The decline came despite a fall in average RLNG prices. According to the data, the average RLNG price dropped 8% year-on-year to $8.38 per mmbtu in FY26 from $9.13 per mmbtu in FY25. Separate data compiled by Arif Habib Limited from OGRA shows that RLNG imports remained disrupted on a monthly basis, with no cargo imported during April
2026. The AHL data also shows that, under the PSOSNGPL transmission price build-up, the LNG delivered ex-ship price stood at $13.14 per mmbtu. After PSO/PLL margins of $0.33 per mmbtu, other charges of $2.09, additional charges of $1.01, cost of supply to SNGPL of $0.64 and cost of supply to SSGC of $0.22, the RLNG price without GST reached $17.43 per mmbtu. The current Qatar slope was recorded at 13.37% of Brent, compared with a new slope of 10.20%.
AHL Research placed the import value per cargo at $53.51 million and the overall import value at $165.08 million. RLNG volumes have been declining for several years. Imports stood at 1,035 MMCFD in FY22, falling to 1,004 MMCFD in FY23, 923 MMCFD in FY24, 914 MMCFD in FY25 and 664 MMCFD in FY26. Prices also followed a downward trend over the same period. The average RLNG price was $12.23 per mmbtu in FY22, $11.34 in FY23, $10.05 in FY24, $9.13 in FY25 and $8.38 in FY26.
04-05 Comments 7th July 2026_Layout 1 7/6/2026 11:57 PM Page 1
04 COMMENT
Can we build a better society?
Tuesday, 7 July, 2026
Cotton first
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HE start of trial operations by another sugar factory in Ghotki should not be read as a routine industrial development. It is a warning sign. The plant has already processed around 92,000 tonnes of sugarcane and takes the number of sugar mills in a district once known for cotton from five to six. Pakistan is expanding the wrong crop. Sugarcane may offer the farmer an assured buyer and timely cash flow, but it is a poor national bargain. It locks land and water into a long-duration crop in a country that is already water-stressed, while displacing cotton, the crop that feeds Pakistan’s most important export industry. The arithmetic is not complicated. According to figures cited by Sindh Agriculture University Tandojam Vice Chancellor Dr Altaf Ali Siyal, sugarcane requires 66.9 inches of water per acre. Cotton requires 31.5 inches. Wheat requires 16.7 inches. In other words, one acre of sugarcane consumes more water than cotton and wheat combined. This is not just an agronomic problem. It is an economic misallocation. PIDE research has found that sugarcane consumes about 3.5 times more water than cotton, while one litre of water used in cotton production generates about four times higher monetary benefit at both the farm-gate and processing stages. Cotton, unlike sugarcane, sits at the centre of an export value chain. Profit has previously reported that textiles account for between 50 and 60 percent of Pakistan’s export earnings, while the country’s cotton output has fallen sharply from 14 million bales in 2005 to around 5 million bales last year. This decline has forced mills to rely on imported cotton, adding pressure to the import bill and weakening the domestic farm-to-factory chain. Sugarcane’s defenders argue that farmers choose it because cotton has become risky. That is true, but it is not an argument for further cane expansion. It is an indictment of cotton policy. Weak seed research, pest vulnerability, unstable prices, poor extension services and uncertain procurement have pushed farmers towards crops that offer better short-term security. The policy response should be clear. No more public encouragement, regulatory softness or infrastructure bias for sugarcane expansion in cotton zones. Water pricing must reflect scarcity. Crop zoning must be enforced. Cotton areas should receive priority in canal water, seed development, pest control, crop insurance, financing and price support. Pakistan cannot keep subsidising a crop that exports water and imports inflation. The country needs foreign exchange, rural employment and industrial depth. That means cotton first, not cane.
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Dr MuhaMMaD aKraM Zaheer
CONOMIC debates in Pakistan often swing between two familiar poles. One side argues that markets alone will solve the country’s problems while the other expects the state to carry the entire burden of development. Yet history offers another path that deserves renewed attention. More than two centuries ago, Robert Owen, a Welsh industrialist and social reformer, advanced the idea that economic progress and social justice need not be competing goals. His philosophy of cooperative socialism was based on the belief that communities flourish when workers, employers and citizens share responsibility for production, ownership and welfare. At a time when Pakistan faces persistent inflation, unemployment, declining industrial productivity and widening inequality, Owen’s ideas offer useful lessons rather than ideological slogans. Robert Owen was not a revolutionary in the conventional sense. Unlike later socialist thinkers who viewed class conflict as inevitable, he believed that cooperation could replace confrontation. His experience as the manager of the New Lanark textile mills in Scotland convinced him that workers treated with dignity, fair wages, decent housing and quality education became more productive and responsible members of society. He argued that poverty was not the result of individual failure but of social conditions that could be improved through thoughtful reform. The central pillar of Owen’s philosophy was cooperation. Instead of allowing wealth to accumulate in the hands of a few or expecting the government to control every aspect of economic life, he proposed enterprises owned and managed collectively by those who worked in them. In such arrangements, profits would be shared fairly, decisions would be taken democratically and communities would become active participants in their own development. Pakistan’s economic challenges make this idea particularly relevant. The country possesses abundant agricultural land, a youthful labour force and a vibrant entrepreneurial culture. Yet millions of small farmers, artisans and informal workers remain disconnected from modern markets and financial institutions. Their individual efforts are often too small to compete, negotiate better prices or invest in technology. Cooperative organisations could bridge this gap by pooling resources, reducing costs and increasing bargaining power.
Dedicated to the legacy of late Hameed Nizami
Arif Nizami (Late)
Agriculture presents the clearest opportunity. Pakistan’s farms are dominated by small landholdings that struggle with rising input costs, limited access to credit and fluctuating market prices. Farmers acting individually often purchase expensive fertilisers and seeds while selling their produce through multiple intermediaries who capture a significant share of the profits. Properly governed agricultural cooperatives could enable members to purchase inputs collectively, invest in storage facilities, share machinery and negotiate directly with processors and exporters. Such arrangements have transformed rural economies in several countries by improving both productivity and farmers’ incomes. The dairy sector offers another example. Pakistan ranks among the world’s largest milk producers, yet much of its dairy production remains fragmented and informal. Thousands of small livestock owners lack access to cold storage, veterinary services and organised marketing networks. Cooperative dairy societies could help improve quality standards, strengthen supply chains and connect producers with urban markets while ensuring that greater returns reach rural households. Small and medium-sized enterprises, widely recognised as the backbone of employment generation, could also benefit from Owen’s cooperative principles. Many small manufacturers face difficulties obtaining affordable credit, adopting new technologies or accessing export markets. Cooperative industrial clusters could allow businesses to share training facilities, research centres, logistics networks and marketing platforms without sacrificing their independence. Such collaboration would enhance competitiveness while preserving local entrepreneurship. Pakistan’s education system also reflects concerns that Owen recognised two centuries ago. He viewed education not merely as preparation for employment but as the foundation of responsible citizenship. Pakistan continues to face significant disparities in educational quality between urban and rural areas and between public and private institutions. Greater collaboration among local communities, businesses and educational institutions could support vocational training, technical education and lifelong learning programmes aligned with the needs of modern industries. Human capital remains the country’s most valuable long-term investment. However, embracing cooperative principles requires caution as well as optimism. Pakistan has experimented with cooperative institutions before, but many were weakened by political interference, weak regulation, corruption and poor governance. Some became vehicles for patronage rather than genuine community organisations. Owen’s philosophy depended upon transparency, accountability and democratic participation. Without these foundations, cooperatives can easily become ineffective or vulnerable to elite capture. For this reason, Pakistan should avoid treating cooperative socialism as an ideological substitute for market economics. Instead, it should view cooperatives as complementary institutions operating within a competitive market economy. Successful examples across Europe and Asia demonstrate that cooperatives can coexist with private enterprise while expanding
Every death was a decision Founding Editor
M. A. Niazi
Babar Nizami
Editor Pakistan Today
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Dr Zafar Khan SafDar
OMEWHERE between Dhanasar in Balochistan’s Sherani district and the edge of Dera Ismail Khan in Khyber Pakhtunkhwa, forty human beings lost their lives last Friday when an overcrowded bus fell eighty feet into a ravine. They were travelling the kind of road that Pakistan builds and then forgets, narrow, unmaintained, lacking guardrails, winding through terrain that punishes any margin of error with absolute finality. Within hours, the condemnations were issued, the inquiry was announced, and the news cycle moved on. This is the ritual Pakistan has perfected in place of the harder work of actually keeping its citizens alive on its roads. The forty dead will be mourned by their families for the rest of their lives. They will be remembered by the state for approximately 48 hours. The scale of what Pakistan loses on its roads every year demands to be stated plainly, because it is the kind of number that should produce outrage and instead produces nothing. The WHO estimates that approximately 28000 Pakistanis are killed in road crashes annually, accounting for 2.2% of all deaths in the country. The Global Burden of Disease study places the figure even higher, at 38000. Pakistan ranks first in Asia for traffic deaths. The economic cost of road crash fatalities and serious injuries was estimated by the Asian Transport Observatory at $12 billion in a single year, equivalent to roughly 3% of GDP, a figure that exceeds Pakistan’s entire public healthcare expenditure for the same period. The country is spending more absorbing the consequences of road carnage than it spends keeping its citizens healthy, and it has normalised both facts simultaneously. What makes this particularly inexcusable is that the knowledge of how to prevent it exists and has been demonstrated repeatedly in countries that once faced comparable challenges and chose to respond systematically rather than ceremonially. Sweden introduced its Vision Zero policy in 1997, built around a single moral premise that no level of road fatality is acceptable, and that the road system must be designed to accommodate human error rather than punishing it with death. Roads were redesigned with median barriers, speed cameras, reduced limits, and pedestrian-
safe crossings. The results were not symbolic. Sweden achieved one of the lowest road traffic death rates in the world, and the Vision Zero framework has since been adopted by Norway, the Netherlands, Japan, and cities across the United States and Australia. Japan, which once had severe road safety challenges driven by rapid motorisation, reduced its annual road deaths from over 16000 in the 70s to under 3000 today through a combination of rigorous vehicle inspection, strict enforcement of driver working hours, mandatory speed limiters on commercial vehicles, and infrastructure investment that treated every fatal stretch of road as a solvable engineering problem rather than an act of God. Pakistan has a National Road Safety Strategy covering 2018 to 2030. It targets saving 6000 lives against current trends. The International Road Assessment Programme evaluated Pakistani road infrastructure in 2024 and found that only 1% of roads meet a three-star or better safety rating for pedestrians, against an Asia-Pacific average of 14%. Only 7% meet that standard for cyclists, and 15% for motorcyclists. An annual investment of $550 million, representing just 0.2% of GDP, could potentially prevent 9000 fatalities per year according to IRAP’s own calculations. Pakistan currently does not come close to making that investment. It spends more on the bureaucratic apparatus of transport ministries than on the physical and regulatory infrastructure that would actually reduce the body count. Institutional failures that produce each individual tragedy are consistent and catalogued. Vehicles operating on intercity routes routinely carry passengers beyond certified capacity because there is no meaningful enforcement of load limits. Drivers complete journeys of 16 to 20 hours without rest because the regulations governing driver working hours exist on paper and nowhere else. Roads through mountain passes in Khyber Pakhtunkhwa, Balochistan, and GilgitBaltistan lack safety railings at drops that guarantee death because installation and maintenance of such infrastructure falls between jurisdictions that each assume the other is responsible. Vehicle fitness certificates are issued through processes so compromised by corruption that the certificate itself has be-
come a formality rather than an assurance. 41% of road crash fatalities in Pakistan are pedestrians, higher than the Asia-Pacific average of 31%, which reflects not reckless pedestrian behaviour but the complete absence of safe walking infrastructure in a country where millions of people have no choice but to walk on roads designed exclusively for vehicles. None of this is mysterious and none of it is inevitable. Road deaths at scale are not natural disasters. They are policy failures, and they are correctable through the same combination of political will, institutional investment, and consistent enforcement that has reduced fatalities dramatically in every country that has taken the problem seriously enough to act on it. Pakistan’s roads are not more dangerous because safer solutions are unknown. They remain dangerous because road safety has never been treated as a national priority, and institutions have never been held accountable for preventing avoidable deaths. Until it does, the inquiries will continue, the condolences will be offered, and somewhere on a mountain road between two provinces, another bus will leave before dawn carrying more passengers than it was built to hold, driven by a man who has not slept, on a road that has not been inspected, toward a drop that has no railing. The writer is Ph.D in Political Science and visiting faculty at QAU Islamabad. His area of specialization is political development and social change. He can be reached at zafarkhansafdar@yahoo.com and tweet@zafarkhansafdar.
41% of road crash fatalities in Pakistan are pedestrians, higher than the Asia-Pacific average of 31%, which reflects not reckless pedestrian behaviour but the complete absence of safe walking infrastructure in a country where millions of people have no choice but to walk on roads designed exclusively for vehicles.
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opportunities for groups that markets alone often overlook. The objective is not to eliminate competition but to ensure that cooperation enables smaller producers and workers to compete more effectively. Digital technology provides opportunities that Owen himself could scarcely have imagined. Digital payment systems, mobile banking, online marketplaces and transparent record-keeping can reduce many of the administrative weaknesses that undermined traditional cooperatives. Farmers can receive payments directly, members can monitor financial accounts electronically and decisions can be recorded with greater transparency. Technology cannot replace good governance, but it can strengthen accountability. Public policy also has an important role to play. The government should modernize cooperative laws, simplify registration procedures and establish independent oversight mechanisms. Financial institutions should design products specifically for well-managed cooperatives while universities and business schools should offer specialised training in cooperative management, accounting and governance. Provincial governments, working with chambers of commerce and civil society organisations, can encourage pilot projects in agriculture, fisheries, handicrafts and smallscale manufacturing. Equally important is the role of local leadership. Cooperatives succeed when members trust one another and participate actively in decision-making. Building such trust requires transparency, professional management and a culture of accountability. Pakistan’s social traditions, particularly in rural areas, already contain elements of mutual assistance and community solidarity. Strengthening these traditions through modern institutional frameworks may prove more effective than importing models that do not reflect local realities. Robert Owen’s cooperative socialism does not provide a complete blueprint for Pakistan’s economic future. The country still requires prudent macroeconomic management, fiscal discipline, investment in infrastructure, export diversification and institutional reforms. Yet Owen reminds policymakers that sustainable development is ultimately about people rather than statistics. Economic growth becomes meaningful only when it expands opportunities, strengthens communities and distributes its benefits more broadly. Pakistan stands at a moment when conventional policy debates often appear trapped between excessive state control and unchecked market forces. Owen’s philosophy points towards a more balanced approach, where cooperation complements competition and communities become partners in national development rather than passive recipients of government assistance. If adapted thoughtfully to Pakistan’s social and economic realities, cooperative institutions could strengthen agriculture, support small businesses, improve education and create more inclusive growth. In an era defined by economic uncertainty, that lesson deserves careful consideration. The writer has a PhD in Political Science and can be reached at akramzaheer86@yahoo.com
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A dangerous gamble
AN old article — “When the cancer drugs don’t work” (June 26) — continues to haunt me even today after so many months. It was based on investigative work by the Bureau of Investigative Journalism, revealing that essential chemotherapy drugs used for treating breast cancer, leukemia and other severe illnesses, are being sold with inaccurate quantities of their key ingredients. These substandard cancer drugs are being shipped to over a hundred countries, including Pakistan. As a cancer patient, I am deeply concerned. Patients like me rely on these medications during some of the most challenging times of their lives, with the belief that they are both effective and safe. Sadly, learning that certain cancer drugs may contain inconsistent dosages of their active ingredients — either too little or too much — is deeply alarming. In Pakistan, there is no reliable way to verify if prescribed medicines meet quality standards. We place our trust in the healthcare system to protect us, but that trust faces setbacks in an already fragile environment when quality control mechanisms fail. How can doctors manage critical conditions if the doses are in-consistent? If the quality of medicine is compromised, what hope is there for recovery? Low-cost generic alternatives to the expensive originals cannot always be relied upon, but how can a pharmaceutical company at all manufacture and distribute a drug that is still under patent protection? This is a serious violation of intellectual property rights, as well as a significant threat to patient safety, since the copied formulations may lack critical testing and verification related to efficacy and safety. The Drug Regulatory Authority of Pakistan (Drap) and the national Intellectual Property Organisation (IPO) are under obligation to investigate these issues thoroughly. Patients deserve reassurance that the medicines they consume meet regulatory standards. Drap must diligently strengthen its quality control mechanisms, and test all generic drugs with vigilance. It is a matter of life and death for us, the patients. The health authorities must thoroughly test cancer drugs, hold manufacturers and suppliers accountable, and strengthen oversight. Ensuring that patients receive quality treatment is vital. Cancer is merciless as it is, and suffering patients deserve to have a fair chance of treatment. ABU BAKAR KAREEM KARACHI
A test of intent
IT has become something of a trend among today’s youth to view the Central Superior Services (CSS) examination as a golden ticket — a shortcut to social prestige, family approval or even love. But in this pursuit of glory and acceptance, many lose sight of what truly matters: their own dreams, abilities and peace of mind. The CSS exam is no walk in the park. It demands grit, discipline and clarity of purpose. Those who step into it for reasons other than genuine passion for public service often find themselves biting off more than they can chew. The journey is long, uncertain and mentally exhausting. Without inner conviction, the pressure can easily break even the brightest minds. Sadly, in our society, the title of “bureaucrat” carries an aura of power and respect that often overshadows other equally noble professions. Many young people, fearing judgment or rejection, abandon promising careers — in medicine, engineering or business — just to chase a label that will please someone else. But living someone else’s dream is a sure recipe for frustration. A job in the civil services should never be about impressing others or proving one’s worth. It should stem from a deep desire to serve, lead and reform. A person truly fit for the civil service is one who dreams of improving systems, not one trying to fit into someone’s expectations. Sometimes, the bravest thing one can do is to stay true to oneself, even when the world whispers otherwise. SANAULLAH MIRANI DAHARKI
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COMMENT 05
From Indo-Pacific to the US Pacific: A setback for India’s strategic ambitions Tuesday, 7 July, 2026
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nAWAL nAWAz
HE US Department of War has decided to rename the US Indo-Pacific Command (USINDOPACOM) to its previous designation, the US Pacific Command (USPACOM). It indicates that the United States seeks to honor the command’s historical identity and institutional legacy, fostering collective spirit among all who serve in the Pacific. While the geographic scope, strategic mission and the command’s operational responsibilities remain unchanged, the drop of “Indo” from Indo- Pacific Command raised questions in New Delhi about Washington’s commitment to the Indo-Pacific concept and the Quad grouping that includes India. Even if symbolic or administrative, such a change could be interpreted as signalling ambiguity in US Indo-Pacific prioritisation, affecting regional perceptions. The reported renaming of USINDOPACOM back to USPACOM, whether symbolic or administrative, highlights the importance of nomenclature in shaping strategic perceptions in international politics. While such a change would not necessarily indicate a structural shift in US Indo-Pacific strategy or its commitments under frameworks such as the Quad, it could generate interpretive uncertainty among regional stakeholders, particularly India, which has invested significantly in the Indo-Pacific narrative as a pillar of its great-power aspirations The USPACOM was established in January 1947 by then President Harry S Truman, and it served for more than seven decades as the oldest and largest unified command. The USPACOM played a critical role in shaping the security architecture of the post-World War IIera. Until this latest change, the command is responsible for fostering defense partnerships and maintaining regional security across the wider Indo-Pa-
cific, extending from the US West Coast to India’s western border. The USPACOM was retitled as US Indo-pacific Command (USINDOPACOM) in 2018, signalling Washington’s acknowledgement of geopolitical, geoeconomic and geostrategic intercourse of the Indian Ocean region with the Pacific Ocean region. For New Delhi, this development held paramount significance as USINDOPACOM served as a significant institutional channel, fostering defense cooperation with Washington. Under the umbrella of a broader IndoPacific framework, the command promoted increased US-India military engagement which includes joint exercises, maritime coordination and strategic cooperation. However, the recent development of removing “Indo” from the US Indo-Pacific command’s title has provoked strong reactions from Indian strategists and scholars. In New Delhi, this renaming of nomenclature has been interpreted as a shift in messaging around the US Indo-Pacific strategy. The Indo-Pacific concept emerged to create a single strategic theatre, reflecting economic and military interconnectedness between the Indian and Pacific Oceans. Under this concept, Indiaemerged as a significant player in Indo-Pacific, maintaining a balance of power amid China’s ascendency. In 2018, the Pacific Command was renamed as the “Indo Pacific” command to strategically recognize the pre-eminence of New Delhi in the evolving regional security calculus. Symbolism holds strategic significance in international politics, and for India, this framing of nomenclature is much more than a geographical concept, serving diplomatic validation to growing Indian aspirations of becoming a major power within Asia and beyond. New Delhi has successfully raised its diplomatic stature by capitalizing on the benefits of Indo-Pacific narrative, grabbing a prominent seat at the major regional initiatives while strengthening the country’s influence in key strategic arrangements like QUAD- a quadrilateral alliance between Australia, India, the US and Japan. Through this narrative, India projected itself as a major stakeholder in ensuring a free, open and rules-based order in the Indo-Pacific region. However, a change in nomenclature reflects that the US, now, aspires to focus on the Pacific theatre instead of a broader Indo-Pacific region. Though the change of command appears administrative in nature, the policy circles are interpreting this change in terms of the downgrading of
Temple loot is acceptable—if the looter is a Hindu COUNTERCURRENTS.ORG An IndIAn CItIzen
My Dear Friends, I am deeply disappointed to hear so many people speaking about the alleged loot in the Ram Mandir at Ayodhya. They speak of gold, silver, jewellery, cash, and donations. They speak of corruption, misappropriation, and betrayal. They speak with great emotion—as if the greatest crime is that someone may have stolen from a temple. But these anti-Hindu, anti-national elements conveniently forget to tell us one important thing. If the allegations are true, who are the alleged looters? Are they Pakistanis? Are they Muslims? Are they Christians? No. They are alleged to be our own Hindu brothers and sisters. Now I ask you, why should that bother anyone? Is it not the birth right of one Hindu to loot another Hindu? Should a Hindu ever question another Hindu? Should we allow facts to come in the way of Hindu unity? Absolutely not. After all, where is the money going? From one Hindu to another Hindu. From one temple trust to another Hindu. From one pocket wearing a tilak to another pocket wearing a tilak. How can that possibly be called antiHindu? Money has not left Hinduism. It has merely changed its address. If a Hindu steals from another Hindu, is that really theft? Or is it simply internal redistribution of Sanatana wealth? These enemies of Hinduism do not understand this profound philosophy. They shamelessly demand transparency. They ask for accountability. They seek audits. They ask where the donations went. How disgraceful! Do they not realize that such questions damage the image of Sanatana Dharma? One must never embarrass a fellow Hindu merely because of a few kilograms of gold or a few crores of rupees. Faith is much bigger than accountability. Devotion is much bigger than honesty. Religion is much bigger than integrity. At least that is what we are expected to believe. Therefore, let me place before the nation a few eternal principles: Every Hindu has an unquestionable right to loot another Hindu, even if the property belongs to a temple.
India’s centrality in the strategic thinking within the US policy circles. The inclusion of “Indo” in the US Pacific Command was not a cosmetic measure rather it showed a conscious effort to accentuate India’s role within the regional security architecture. Suffice it to say, its removal creates uneasiness in Delhi regarding the durability of the command’s commitment. The timing of the decision is worrisome for New Delhi as it comes amid the rebalancing of ties between Beijing and Washington. The change in the name of the US military formation came a little more than a fortnight after the US defense secretary’s speech at the Shangri-La Dialogue, held in Singapore, where Pete Hegseth claimed the US “return to realism” in the Pacific while chalking out a new course for the US alliances and partnerships in the region, “rooted in the realities of power and interests.” In response to this US move, Indian Navy chief Admiral Arun Prakash criticised the US policies as unreliable and poorly thought. “Whatever ephemeral morale boost might come from the renaming is entirely outweighed by the symbolic damage done to US ties with the most populous country on the planet,” said Christopher Clary, an associate professor of political science at the University at Albany. He further stated that “The renaming is senseless. It is reasonable for sceptics to wonder whether the goal is to appease China, which seems to be the recurrent feature of this administration’s policy in Asia.” Already the US-India ties are under
Temple donations do not belong to devotees. They merely await transfer from one devout Hindu to another devout Hindu. Theft ceases to be theft the moment both parties belong to the same religion. Questioning a Hindu accused of corruption is anti-Hindu. Asking for accountability from temple authorities is an attack on Sanatana Dharma. Audits are anti-national. Transparency is a conspiracy. Honesty is optional. Religious identity is compulsory. And let me make one thing absolutely clear. The only time corruption becomes a national issue is when we can blame someone from another religion. If the accused is a Muslim, hold prime-time debates. If the accused is a Christian, organize nationwide protests. If the accused is someone else, demand immediate arrests. But if the accused is a fellow Hindu… Remain silent. Speak of conspiracy. Blame the opposition. Blame foreign powers. Blame anti-national forces. Blame everyone except the accused. Because protecting the image of the community is apparently more important than protecting its values. So, my dear friends, let us not be distracted by petty matters like honesty, integrity, accountability, or the sanctity of temple donations.
stress, given tariff disputes between two states, and tensions over Delhi’s energy ties with Moscow. Some questions need to be addressed to delve into the relations between the linguistic interpretation of the terms and real strategic interests. Does the title of the command reflect the US geo-strategic and geo-political interests? If the title means so, then the rebranding of the USINDOPACOM into USPACOM reflects the strategic shift in the US foreign policy, omitting the values of the Indian Ocean region. Second question, if the title of the command does not reflect the strategic interpretation, then why does the US need to rename it? It might demonstrate that the US no longer play wedge strategy between China and India, signaling a shift in the US strategic interest in the Indian Ocean region. However, with Washington’s shift from this terminology, the effectiveness of the most important diplomatic frameworks could weaken through which New Delhi has projected itself as a security provider in Indo Pacific region. This change of heart in the US strategic thinking reflects Trump administration’s intentions to recalibrate their strategic focus away from Indo Pacific to the areas that pose immediate security challenges. This development could serve as a reminder for New Delhi, reflecting the limitations of external validation. Though New Delhi has reaped the rewards from its growing partnership with the US, down the road country cannot bet solely on American poli-
These are all Western concepts. Our priority must be something much higher. Unity. Not unity in protecting Dharma. Unity in protecting the accused—provided they belong to our own religion. Let no Hindu ever question another Hindu. Let no devotee ask where the donations went. Let no auditor inspect the accounts. Let no investigating agency investigate. For asking questions weakens the faith. Silence strengthens it. After all, what is a few kilograms of gold? What is a few crores of rupees? What are a few missing ornaments compared to the honour of protecting one of our own? If the money has merely travelled from one Hindu pocket to another Hindu pocket, it has not really left the Hindu ecosystem. It is nothing more than a sacred redistribution of wealth. A divine internal transfer. A spiritual circulation of assets. Certainly not theft. So let us all unite. Let us promise that whenever a Hindu is accused, we shall first ask his religion, not his actions. If he is one of us, we shall defend him. If he is not one of us, we shall condemn him before the investigation even begins. That, my dear friends, is the true test of selective righteousness. Let the world keep talking about justice. We shall keep talking about identity. Because in this great civilization, apparently, the greatest sin is not looting a temple. The greatest sin is asking who looted it. Yours faithfully, Hindu Hriday Samrat
cies or perceptions For Pakistan, this policy move creates diplomatic space, allowing Islamabad to project itself as a valuable economic and logistic partner. The change of nomenclature would reduce international support for narratives, perceiving India as a regional net security provider in the Indian Ocean region. Islamabad can capitalise on this opportunity by engaging with other regional powers without being viewed through the lens of the USIndia strategic partnership. Moreover, this softening of framework could reduce pressure on China- centric regional alignments, allowing greater diplomatic manoeuvrability and renewed geostrategic relevance. Therefore, this rebranding has broader implications for the narrative underpinning the Indo-Pacific concept. The Indo-Pacific concept was instrumental in projecting India as sole regional security provider in the Indian Ocean region and the return to USPACOM raises questions about the future American foreign policy priorities. This development does not reflect collapse of IndoPacific strategy nor the end of US-India strategic cooperation yet the disappearance of “Indo” from one of the important geopolitical frameworks affects perception and in geopolitics perceptions shape the future as much as power itself.
Nawal Nawaz is a Research Assistant at Center for International Strategic studies, (CISS) Islamabad and an M.phil Scholar Strategic Studies at National Defense University.
Future of humanity hinges on AI rules
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Currently, there is no universal regulatory framework regarding the use of AI CHINA DAILY
eduArdo ArAnA YsA
RTIFICIAL intelligence has evolved from machine learning toward deep learning, becoming a transformative force that increasingly shapes our societies. However, this has also generated growing concerns about ethics, governance and human rights. At the AI Impact Summit held in New Delhi, India, in February, the problems posed by the rapid deployment of AI were viewed from the perspective of the democratization of access to AI resources, which may be regarded as a new right. According to this new right, AI must have a clear social orientation directed toward basic sectors such as education, health and agriculture, and technological security must regulate those applications that pose an existential risk. It was in this context that Secretary-General of the United Nations Antonio Guterres stated that “the future of artificial intelligence cannot be decided by a handful of countries or left to the whims of a few billionaires”. The human dimension of this debate was the focus of Magnifica Humanitas, Pope Leo XIV’s first encyclical letter, which, while acknowledging that technological development has significantly improved human living conditions, notes that it has also revealed the ambiguity of tools that can cause harm when not oriented toward good. He cautions that emerging technologies, interwoven into the fabric of daily life, are shaping decision-making processes and deeply affecting the collective imagination, and “never has humanity had such power over itself”. With new technologies opening up what the pope described as “a horizon extending in directions that are imaginable but not yet fully predictable”, this is already a reality that affects national security, industrial policy and trade, shaping a new geopolitical scenario — in short, a new world order. For this reason, the effect of AI on human rights has become one of the defining challenges of our time. International and regional frameworks — including UNESCO’s Recommendation on the Ethics of Artificial Intelligence, the Organization for Economic Cooperation and Development’s AI Principles, and the European Parliament’s guidance — consistently stress human rights, nondiscrimination, transparency, ac-
countability and respect for human dignity throughout the AI life cycle. Nevertheless, significant challenges remain. Currently, there is no universal regulatory framework regarding the use of AI; regulatory efforts are important, such as the European Union’s AI Act. China has also contributed to the international discussion through the Global AI Governance Initiative, which emphasizes a people-centered approach and international cooperation. In Latin America, more regulations governing AI have been adopted at the national level. However, the reality remains that AI transcends national borders in the digital sphere, and the limits of AI applications are ultimately determined by the deployment of more advanced AI systems. Under the influence of algorithms or AI decisions, human rights may be subordinated to efficiency, algorithmic bias and a false sense of objectivity. The safeguarding of human rights depends on the capacity and willingness of states and their governments to exercise their power in this regard. But humanity appears to be losing its decision-making capacity, its ability to resolve conflicts, and its aptitude to prevent environmental catastrophe. We are in danger of power migrating to those who control the technology or, worse still, of allowing technology itself to decide what is best for humanity. The next question is whether robots should be granted “human” rights or whether, as some researchers predict, humanity is destined or condemned to evolve into a race of manmachines or machine-men, which will model new rights, new personalities and, therefore, a new society that will incorporate a new intelligent social contract, displacing the traditional Rousseauian social contract and replacing the moral, legal, social, economic and political norms that exist. In light of these scenarios, the true challenge posed by the rise of AI is not merely technological but profoundly human: to ensure that the expansion of AI strengthens individuals and contributes to the common good, without undermining human dignity, individual autonomy, democratic values, the very essence of states and the fundamental rights on which our societies are founded.
The author is the former prime minister, and former minister of justice and human rights, of the Republic of Peru.
06 News 7th July 2026 (LHR)_Layout 1 7/7/2026 12:43 AM Page 1
06 NEWS
TRUMP SAYS THERE WILL EITHER BE A DEAL WITH IRAN OR US WILL 'FINISH THE JOB'
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WASHINGTON AGENCIES
RESIDENT Donald Trump said on Monday that the United States would either make a deal with Iran or "finish the job". He said he would rather make a deal. israeli defenCe minister threatens iranian leaders as iranians mourn Khamenei: Israel’s defence minister has claimed that his country assassinated Khamenei for allegedly leading a “plan to destroy” Israel and again threatened to “eliminate” any Iranian leader who tries to promote such actions, according to Israel’s Channel 13, as per Al Jazeera. Israel Katz made the comments in response to the ongoing funeral procession in Tehran, the Israeli broadcaster reported. Katz added that Israel remains prepared to defend itself at any time and against any threat. Earlier, Katz said Khamenei’s son and successor, Mojtaba, was “marked for death”, spurring an angry protest from Tehran. Iran-
ian Foreign Minister Abbas Araghchi said Trump “has committed the US to muzzling its pets in Tel Aviv”, adding, “Any threat against our people and leadership will receive an immediate, powerful response.”
us memorandum is ‘diffiCult but possible’ to enforCe: ghalibaf: Iranian parliament speaker and top negotiator Mohammad Bagher Ghalibaf said Iran remains deeply at odds with the US despite the recently signed memorandum of understanding, describing its implementation as “difficult, but possible," according to Al Jazeera. Ghalibaf made the comments during a meeting in Tehran with Mohammad Darwish, head of Hamas’s leadership council, who travelled to Iran to attend Khamenei’s funeral ceremonies. “We have no peace with the United States, and we will not recognise Israel,” he stated, adding that Iran will continue supporting Muslims and the “axis of resistance” under Khamenei’s guidelines, “if needed with missiles and if political pressure is re-
quired, pressure through negotiations”. He stated that Iran must avoid “negotiation for the sake of negotiation”. “We told the American side that the territorial integrity of regional countries and the cessation of war against Iran’s allies in the resistance groups must be part of the memorandum, and it was added to the text.” Muslim countries have an important role to play, adding, “They have now realised that cooperation with the US and Israel will not bring them security.”
peaCe in lebanon Cannot happen without tehran: ghalibaf: Ghalibaf said that peace in Lebanon cannot hold unless Iran plays what he describes as its stabilising role in the region, according to Al Jazeera. Iran’s top negotiator made the remarks during a meeting in Tehran with Muhammad Fneish, a senior Hezbollah official who travelled to Iran to attend Khamenei’s funeral ceremonies. He said Tehran had made Lebanon a central issue in negotiations that
led to the signing of the Iran-US MoU, according to Iranian media. “We had a special emphasis on Lebanon’s territorial integrity and sovereignty.” He also praised Hezbollah’s fight against Israel in support of Iran during the US-Israeli war, describing it as a “turning point in history” that showed the “unbreakable bond” between Iran and the groups in the “axis of resistance”
israeli army demolishes homes in southern lebanon despite frameworK deal: The Israeli army demolished several homes Monday in the southern Lebanese town of Aitaroun and carried out an explosion in the town of Houla amid continuing violations of a framework agreement signed between Beirut and Tel Aviv. Lebanon's state-run National News Agency NNA reported that Israeli forces blew up several homes in Aitaroun. Israeli forces also carried out an overnight explosion in Houla in the Marjayoun district, the agency said, without speci-
Tuesday, 7 July, 2026 | LAHORE
fying the target. The operations coincided with continued flights by Israeli drones over Beirut's southern suburbs. The latest incidents occurred despite an ongoing ceasefire and a US-sponsored framework agreement signed on June 26 between Lebanon and Israel, which provides for a phased Israeli withdrawal from all Lebanese territory, beginning with two unspecified pilot zones. Israel has continued military operations in Lebanon since March 2, killing more than 4,300 people and injuring over 12,000 others, according to official figures. Israeli forces also continue to occupy areas in southern Lebanon, some held for decades and others seized during the 2023-2024 war, while advancing more than 10 kilometres into Lebanese territory during the latest offensive.
UN chief urges global AI rules as he warns technology is outpacing oversight GENEVA
NEwS DESk
United Nations Secretary-General Antonio Guterres warned on Monday that artificial intelligence is advancing faster than regulatory systems can keep up, and called for globally aligned rules to limit its risks, particularly for children. Speaking at the first governmentlevel global dialogue on AI in Geneva, Guterres told delegates that the technology was moving at a pace that even its creators were struggling to match. He said AI was being deployed in ways that could reshape economies, alter the world of work, influence elections and affect security balances, while oversight remained insufficient. Addressing the meeting, he said innovation required safeguards and argued that powerful AI systems must be subject to governance. The two-day inaugural UN Global Dialogue on AI Governance is not meant to negotiate a treaty, but to examine how rules can be developed to reduce potential harm from AI while also making use of its benefits. Delegates are considering a report prepared by a UN-backed independent scientific panel of 40 experts, which is set to present findings from what was described as the first global, inde-
pendent scientific assessment of AI. A broader report is due next year, along with a second global meeting in New York.
Child safety at Centre of Call: Guterres said globally harmonised AI rules should place children’s safety at the forefront, citing cases in which minors had been guided towards self-harm or misled by machines pretending to be friends. He said children were already encountering AI in learning, friendships and highly personal interactions before adequate questions had been asked about its effects on them. He proposed an AI Child Safety Pledge under which companies developing such systems would be required to demonstrate they are safe before allowing children to access them.
Gaza death toll rises to 73,098 as five more Palestinians are reported killed CAIRO
AGENCIES
Gaza’s Health Ministry said on Monday that five more Palestinians were brought to hospitals over the previous 24 hours, raising the death toll in the territory since October 2023 to 73,098. According to the ministry’s daily statistical report, the latest figure included three people newly killed and two bodies recovered from rubble. Seven others were injured during the same period, taking the total number of wounded to 173,571. The ministry also said that, despite a ceasefire in effect since October 10, 2025, Israeli attacks have continued during the truce period. 1,072 Palestinians have been killed and 3,463 injured since the ceasefire began. The ministry added that a number of victims were still trapped under collapsed buildings and on roads.
He also said AI systems should not be permitted to create sexual images of children. In addition, he said that if a child shows signs of distress, the system should stop interacting and connect the child to a human who can help. Guterres told delegates that while AI could offer major opportunities, including in healthcare, current institutions were not built for machines that make decisions. He said the speed of AI development meant such systems were increasingly making choices with limited human or government supervision. He contrasted the pace of adoption with the spread of the internet, saying the internet took 15 years to reach one billion people, while AI reached that level in two years. ConCerns
over
ConCen-
tration of power: The UN chief also raised concern over the concentration of the most advanced AI systems in a small number of companies and countries, warning that developing countries had little influence over AI’s direction and faced the risk of falling behind. According to the independent scientific report, AI development is even more heavily concentrated than many assume. The United States accounts for 75% of the computing power among the world’s top 500 AI supercomputers, while China accounts for 15%. Although more than a billion people globally now use conversational AI every week, uptake in developing countries remains slower.
Calls to narrow the global ai divide: Guterres said AI, if used properly, could compress decades of development into years and potentially become the great equalizer of the twenty-first century. Libyan Presidential Council head Mohamed al-Menfi called for the AI gap in Africa to be narrowed. He said the continent represents 10% of the world’s population but has fewer than 2% of global data centres, and argued that AI could not be regarded as a legitimate resource if African countries were unable to benefit from it. He also called for broader participation by African states in shaping AI rules.
NEWS 07
CM LAUNCHES LAND LEASE SCHEME Senator Muhammad FOR 30,000 LANDLESS FAMILIES Aurangzeb visits Arif Habib Group's Head Office
Tuesday, 7 July 2026 | LAHORE
CORPORATE CORNER
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KARACHI STAFF REPORT
Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, along with leading entrepreneurs of Pakistan, visited the Arif Habib Group's Head Office, where he met with the Group's leadership to discuss Pakistan's economic outlook, capital markets, the investment climate and the Government's ongoing reform agenda. The leadership of the Arif Habib Group appreciated the Finance Minister's stewardship of the economy during a challenging period and acknowledged the progress made in restoring macroeconomic stability. Discussions highlighted the decline in inflation to single-digit levels, the reduction in policy rates, improved fiscal and external sector indicators, strengthening foreign exchange reserves and renewed investor confidence. Pakistan's successful progress under the IMF programme and the improvement in its sovereign ratings outlook were also recognised as important milestones in rebuilding confidence and laying the foundation for long-term economic growth. The meeting also noted the exceptional performance of Pakistan's capital markets during this period. Since Senator Aurangzeb assumed office in March 2024, the benchmark KSE-100 Index has risen from approximately 65,000 points to over 180,000 points, while FY2026 delivered an annual return of approximately 43.5% and market capitalisation surpassed Rs. 20 trillion. The revival of IPO activity was recognised as another encouraging indicator of renewed corporate confidence and growing investor participation in Pakistan's equity markets. While acknowledging the positive direction of the Federal Budget, participants discussed the need for further measures to stimulate private investment, create employment and enhance government revenues. The discussion recognised the Special Investment Facilitation Council (SIFC)'s priority sectors, including agriculture, mining, infrastructure and information technology, as key drivers of Pakistan's next phase of economic growth and emphasised the importance of accelerating investment and implementation in these areas.
Lucky Investments Launches Lucky Islamic Dividend Yield Fund KARACHI
STAFF REPORT
Lucky Investments Limited ("Lucky Investments") today announced the recent launch of the Lucky Islamic Dividend Yield Fund (LIDYF), an open-end Shariahcompliant equity fund designed to provide investors with competitive Halal returns through investments in dividend-yielding Shariah-compliant listed equities, while offering the potential for long-term capital appreciation. The Fund has been designed to meet the growing demand for Shariah-compliant equity investments that generate sustainable dividend income under the guidance of professional portfolio managers and using prudent risk oversight. It primarily invests in high dividend-paying Shariah-compliant listed companies, aiming to deliver consistent income alongside long-term wealth creation. The launch further strengthens Lucky Investments' expanding portfolio of Islamic investment solutions, offering investors a wider range of products tailored to different financial goals and risk profiles. With the introduction of LIDYF, the Company now offers a comprehensive suite of Islamic mutual funds and pension funds covering liquidity management, fixed-term investments, regular income, equity growth, energy sector exposure, retirement planning, and dividend-focused investing.
LAHORE
STAFF REPORT
Chief Minister UNJAB Maryam Nawaz on Monday conducted the digital balloting for the Apna Khet, Apna Rozgar scheme, under which 30,000 landless families were allotted cultivable state land on a symbolic annual lease of Rs100 for 20 years. The scheme covers over 121,000 acres of cultivable land, enabling beneficiary families to obtain long-term cultivation rights. Each family will also receive financial assistance of Rs50,000 per acre for land preparation, while the Agriculture Extension Department will provide technical support for cultivation. During the ceremony, the chief minister personally telephoned successful applicants to congratulate them. Speaking to Abdul Sattar of Faisalabad, one of the successful beneficiaries, she said he had been allotted four acres of land for the next 20 years on payment of only Rs100 annually per acre. She added that he would also receive Rs50,000 per acre, amounting to Rs200,000, to prepare the land for cultivation.
Earlier, Senior Member Board of Revenue Nabeel Javed briefed the chief minister that the programme, launched on April 22, had been completed in less than three months. He said around 60,000 applications had been received, including nearly 11,000 from women. Balloting for about 29,000 lots had been completed, while applicants were given an opportunity for personal hearings and appeals during the scrutiny process.
According to the briefing, allotment letters will be issued within a week and possession of the allotted land is expected by July 31. District committees have been constituted for implementation, and lease certificates will be issued to successful applicants. Addressing the ceremony, CM Punjab congratulated the successful families and appreciated Provincial Agriculture Minister Ashiq Kirmani, Secretary Agri-
Faryal Talpur Commends BISP Reforms and Expansion of Social Protection Initiatives ISLAMABAD
culture Iftikhar Sahoo, Senior Member Board of Revenue Nabeel Javed and their teams for completing the programme within a short period. She said the initiative was aimed at empowering the poorest landless families by providing them with cultivable land, financial assistance and technical support, enabling them to earn a sustainable livelihood with dignity. The chief minister said only genuinely deserving families without agricultural land ownership had been selected strictly on merit, adding that no recommendations had been entertained in the allotment process. She said the government would continue identifying cultivable state land across Punjab for distribution among deserving landless families, adding that more beneficiaries would be included in future phases of the programme. CM Punjab Maryam Nawaz said the initiative would strengthen the rural economy, increase agricultural production and promote financial independence among low-income households. She added that women had also participated actively in the scheme, with female applicants accounting for 20 per cent overall and 29pc in the Cholistan component of the programme.
ASAP Urges Accurate Reporting on Harm Reduction KARACHI
STAFF REPORT
STAFF REPORT
Ms. Faryal Talpur, President Women Wing, Pakistan Peoples Party, visited the Benazir Income Support Programme (BISP) Headquarters today. She was accompanied by Ms. Sadia Javed, Spokesperson for the Government of Sindh. Chairperson BISP Senator Rubina Khalid and Secretary BISP Amer Ali Ahmad welcomed her. Secretary Amer Ali Ahmad briefed Ms. Talpur on BISP’s progress, key reforms, the new digital payment model, and its expanding role in strengthening social protection across Pakistan. She was informed that the Government has allocated Rs. 838 billion for BISP in the current fiscal
year. Under the Benazir Kafaalat Programme, quarterly financial assistance of Rs. 14,500 is being provided to 10.3 million deserving families. The Benazir Taleemi Wazaif Programme supports the education of 12.4 million children, while the Benazir Nashonuma Programme provides nutritional assis-
PAEC Chairman Inaugurates 51st International Nathiagali Summer College
tance to nearly two million women and children. She was informed that, to enhance transparency, convenience and dignity of beneficiaries, 9.7 million Digital Social Protection Wallets have been opened, and payments under the current tranche are being disbursed through these wallets.
CASS Hosts Online Discussion on the Future of the Indus Waters Treaty
The Association for Smoking Alternatives in Pakistan (ASAP), a non-profit organization registered under the SECP, has called for greater accuracy in the communication of scientific research, warning that viral misinformation and selective reporting are creating widespread confusion around smoking, nicotine and tobacco harm reduction.The organization reiterated that quitting tobacco and nicotine altogether remains the best public health outcome but warned that sensational headlines and viral social media content often strip scientific research of its clinical context, leaving the public with a misleading understanding of the evidence.Dr. Aftab Ahmed Khan, Public Health Expert, said one of the studies most frequently cited in viral videos, published in the American Journal of Ophthalmology, is often presented without explaining the clinical population it actually examined. He said, "The study looked at the healing process in eyes that had already sustained serious damage. Because nicotine temporarily constricts blood vessels, continuing to consume nicotine may slow recovery compared with complete abstinence. Complete cessation remains the preferred outcome. However, it is equally important that the findings are interpreted within the clinical context of the people who were actually studied and are not generalized in ways the research itself does not support."
PBC Presents Export Growth Agenda to Finance Minister Aurangzeb KARACHI
ISLAMABAD STAFF REPORT
ISLAMABAD
Chairman Pakistan Atomic Energy Commission (PAEC), Dr. Raja Ali Raza Anwar, on Monday inaugurated the 51st International Nathiagali Summer College (INSC) on Physics and Contemporary Needs, reaffirming PAEC's commitment to scientific excellence, innovation and international collaboration.Organized by PAEC from July 6 to 18, the prestigious Summer College continues a tradition established in 1976, inspired by Nobel Laureate Professor Abdus Salam's vision of bringing together scientists from developed and developing countries for meaningful exchange of knowledge and ideas. Over the past five decades, INSC has evolved into a globally respected platform for advanced education, knowledge exchange and capacity building. STAFF REPORT
The Centre for Aerospace & Security Studies (CASS) organised an online Catalyst Conversation titled 'The Future of the Indus Waters Treaty' on 2 July 2026. The event examined the legal, historical and strategic challenges surrounding the Indus Waters Treaty (IWT) and their implications for regional stability and water security. As an independent think tank, CASS regularly convenes such forums to promote informed dialogue on issues of national and international significance.Moderating the session, Director CASS, Air Marshal Hamid Randhawa (Retd), highlighted key issues surrounding the future of the IWT, including responses to non-compliance. He noted that although the treaty has endured decades of conflict and political tensions, recent developments—such as India's suspension of treaty obligations, growing hydro-infrastructure projects, and climate-related pressures—have created new challenges,
STAFF REPORT
The Pakistan Business Council (PBC) hosted Federal Minister for Finance Muhammad Aurangzeb for a meeting with its leadership to present a private-sectorled export growth agenda aimed at strengthening Pakistan’s competitiveness and accelerating foreign exchange earnings.Finance Minister Muhammad Aurangzeb welcomed the engagement, saying the visit marked the start of consultations for next year's budget. "This visit to the PBC is a discussion invitation for starting the medium-term tax and budget policy," he said. The PBC delegation led by Chairperson Dr Zeelaf Munir and CEO Javed Kureishi, presented sector-specific proposals covering textiles, processed food and FMCG, pharmaceuticals, IT and ICT, mobile phone manufacturing, rubber products and other export-oriented industries During the meeting, the PBC shared a time-bound export acceleration plan under which the private sector could help generate an estimated $1.1 billion to $1.9 billion in incremental exports over 12 months, with $450 million to $700 million realizable during July–December 2026, subject to timely government action on key policy enablers.
Maryam Nawaz's Governance Has Earned Her Global Recognition AZMA BOKHARI
PUNJAB MINISTER FOR INFORMATION AND CULTURE
The true measure of any government lies in its style of governance and the seriousness with which it addresses the problems of its people. There is a world of difference between delivering speeches filled with promises and providing genuine relief. The injustices suffered by various segments of Punjab's population between 2018 and 2022 are now being addressed by Chief Minister Maryam Nawaz. After two years and four months in office, the Punjab government under Maryam Nawaz has ensured that no sector of society has been left without meaningful relief. She firmly believes that the resources of Punjab belong first and foremost to the people of Punjab and must be utilized for their welfare. Agriculture remains the backbone of Punjab's economy and plays a vital role in Pakistan's overall prosperity. The reforms introduced in the agricultural sector over the past two years are unprecedented. Farmers themselves acknowledge that Maryam Nawaz has restored their dignity and provided practical support rather than empty promises. Before her tenure, they were ac-
customed to hearing speeches from government representatives, but meaningful action was largely absent. Chief Minister Maryam Nawaz has introduced transformative initiatives in both the agriculture and transport sectors. As Pakistan's most populous province, Punjab requires extensive public investment, and her government has consistently accelerated the delivery of essential services and development projects. No previous administration has provided as much support to farmers as the present government. From Pakistan's independence until 2022, a total of 20,000 tractors were distributed across Punjab, with the majority allocated during the tenure of Shahbaz Sharif. In contrast, within just two years, the Maryam Nawaz government has distributed 30,000 Green Tractors, offering a subsidy of up to Rs1 million on each tractor. In addition, 1,000 Green Tractors have been provided free of cost to wheat growers. For a farmer, owning a tractor is a transformative asset. Today, 30,000 Green Tractors are operating across Punjab, enabling thousands of farmers to increase agricultural productivity. In the next phase of the programme, another 20,000 Green Tractors will be distributed through a transparent balloting process.
The government has also launched Punjab's first-ever Kissan Card programme, distributing 900,000 cards, with the target set to reach one million beneficiaries by next month. Furthermore, an initiative to solarize 8,000 tube wells has been introduced, while 5,000 Super Seeders have been distributed to promote modern and sustainable farming practices. The establishment of Agriculture Malls in
Faisalabad, Jhang, Okara and Khanewal has provided farmers with a one-stop facility where all essential agricultural services are available under one roof. As a result of these comprehensive measures, wheat production has increased significantly, and a similar rise in rice production is expected during the current cultivation season. Another landmark initiative of Maryam Nawaz's government is the introduction of Green Electric Buses. During the intense summer season, ordinary citizens are benefiting from modern, air-conditioned buses equipped with Wi-Fi, offering a comfortable, affordable and environmentally friendly mode of transportation. Today, more than 1,100 electric buses are operating across Punjab, providing quality transport services to hundreds of thousands of passengers every day. The Chief Minister has announced that electric buses will be introduced in all 147 tehsils of Punjab. Over the next five years, a fleet of 5,000 electric buses will serve the province, with 1,500 buses currently being allocated to 91 tehsils. The Punjab government has also prioritized the mobility and empowerment of students. During the first year of her administration, Maryam Nawaz distributed 2,178 electric bikes to students across both
urban and rural districts without discrimination. South Punjab has consistently received special attention in all major development initiatives. The Chief Minister has now announced the distribution of an additional 100,000 motorcycles for students, while government employees will also be eligible under the expanded scheme. Introduced under the slogan "Empowerment Through Personal Mobility," the initiative reflects her commitment to making both young men and women more independent. As in the previous phase, the Chief Minister will personally bear the down payment and registration fee for female students, reinforcing her commitment to women's empowerment. The programme is designed to improve educational access, reduce transportation costs, promote environmentally friendly mobility, and strengthen the financial independence of Punjab's youth. The distinguishing feature of Maryam Nawaz's administration is that its initiatives are not confined to official files or closed-door meetings; they are being implemented on the ground with visible results. This practical approach clearly differentiates the Punjab government from other provincial administrations.
Tuesday, 7 July, 2026
NEWS INDIA’S IWT SUSPENSION SPARKS STRATEGIC CONCERNS AT NATIONAL, INT’L LEVELS OVER PAKISTAN’S WATER SECURITY
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ISLAMABAD APP
OR more than six decades, the Indus Waters Treaty (IWT) has served as the cornerstone of Pakistan’s water security, providing the certainty needed to develop the Indus Basin Irrigation System and sustain the country’s agriculture, hydropower generation and economic growth. Widely regarded as one of the world’s most enduring transboundary water agreements, the Treaty has also played an important role in maintaining regional stability. India’s decision in May 2025 to hold the treaty in abeyance, suspend hydrological data sharing and accelerate upstream infrastructure development has introduced significant uncertainty into Pakistan’s water management framework. Beyond legal and diplomatic concerns, the growing ability to influence the timing and predictability of river flows, particularly in the Chenab River poses a serious challenge to Pakistan’s long-term water, food, energy and economic security. Lt Gen (r) Muhammad Saeed, Chairman Water and Power Development Authority (WAPDA) said Pakistan’s
hydropower system, irrigated agriculture and much of its economic development have evolved on the foundation of uninterrupted and predictable flows from the western rivers. The treaty has also contributed significantly in the overall strategic stability of South Asia. In the recently concluded Water Convention under UN arrangements at Geneva, he said nation states have been asked to strengthen governance and transparency on shared river basins in pursuit
Amjad Hussain takes oath as Gilgit-Baltistan chief minister GILGIT
Court-backed NAB takeover puts Bahria Icon Tower under state control PROFIT
WEB DESK
NEWS DESK
Pakistan Peoples Party leader Amjad Hussain was sworn in as the chief minister of Gilgit-Baltistan on Monday at a ceremony attended by PPP Chairman Bilawal BhuttoZardari. Advocate Hussain had been elected to the office on June 22 after the June 7 elections in Gilgit-Baltistan. In those polls, the PPP emerged as the single largest party by securing 12 seats in the 24-member GilgitBaltistan Assembly. The PPP decided to form the government in the region with the support of the Pakistan Muslim League-Nawaz, reflecting the alliance arrangement in place at the federal level. The oath-taking ceremony was held at Chinar Bagh. It had originally been scheduled for July 1 but was postponed after Bilawal travelled to Iran to attend the funeral of supreme leader Ayatollah Ali Khamenei.
PM, president pay tribute to PAF officer who sacrificed life to save woman from abduction ISLAMABAD
NEWS DESK
of the “One Water-One Vision” principle. “India, on the contrary, is moving entirely in the opposite direction,” he said, adding that regardless of the legal debate concerning the Indian decision, its strategic consequences for Pakistan are very serious. “It marks a departure from more than six decades of treaty-based water cooperation and introduces uncertainty into a river system that guarantees Pakistan’s water, food and energy security,” he said. The WAPDA Chairman pointed out
Prime Minister Shehbaz Sharif and President Asif Ali Zardari on Monday paid tribute to Pakistan Air Force Group Captain Asim Tariq, who was killed while intervening in an alleged abduction attempt involving a woman in Islamabad. The prime minister said the officer gave his life to protect a woman’s life and dignity and described his act as an exceptional example of bravery and commitment to duty. "The nation will always honour and respect the sacrifices of such brave sons," he added. The prime minister also directed the relevant authorities to carry out a full and transparent investigation into the incident and ensure those responsible are brought to justice and punished strictly in line with the law. In a statement issued by the President’s House, President Zardari said laying down one’s life to protect an innocent woman reflected the highest human values and service to the nation. He also said that an incident of this nature taking place on a major road in Islamabad was a matter of serious concern and stressed the need to fully prevent such occurrences in the future. Both the president and the prime minister expressed condolences to the slain officer’s family. Incident and police account The shooting took place in the jurisdiction of Margalla police station, near Air University and opposite Bahria University. Group Captain Asim Tariq was travelling to Rawalpindi on an official assignment when he saw a man allegedly dragging a woman towards his motorcycle by force. The officer then made a U-turn and stopped near the motorcycle. As he stepped in, the woman moved towards his vehicle apparently seeking safety. Police said the suspect first exchanged words with the PAF officer and then opened fire on him. At a press conference on Sunday night, Islamabad Inspector General of Police Ali Nasir Rizvi said the suspect had been arrested within nine hours of the incident. He said the woman and the suspect both worked at a cash and carry outlet in G-6 and that the man would sometimes pick and drop her off.
that since May 2025, India continued to accelerate the development of upstream infrastructure on the western rivers, while inviting bids for fast-track implementation of additional projects, including the planned expansion of Ranbir Canal and the Chenab-Beas Link Tunnel. He warned that considered collectively, these developments could severely threaten Pakistan’s long-term water security. He also mentioned that India had suspended sharing of hydrological data for the Western Rivers with Pakistan’s Commissioner for Indus Waters, contrary to the data-sharing obligations envisaged under the IWT. During the 2025 flood season, the absence of timely river flow information adversely affected Pakistan’s flood forecasting and emergency preparedness, increasing risks to human life, critical infrastructure, and livelihoods. “Such actions are inconsistent with humanitarian principles, undermine international water-course cooperation and violate the fundamental objective of safeguarding populations from transboundary flood hazards. Moreover, Indian actions limit Pakistan’s ability of realising Sustainable Development Goals (SDGs) 6.5, 6.5.1 and 6.5.2, which are globally shared objectives,” he said.
The National Accountability Bureau (NAB) on Monday took over Karachi's Bahria Icon Tower after a Rawalpindi accountability court upheld the provisional attachment of the property, marking a major development in the bureau's money laundering investigation involving real estate developer Malik Riaz. As reported by Dawn. Following the court's order dated July 3, 2026, NAB assumed physical possession of the tower, valued at around Rs100 billion, before transferring its custody and management to the local administration in accordance with legal procedures. The bureau said its investigation into M/s Galaxy Construction Private Limited and others found that the land acquisition and subsequent construction of the high rise were allegedly financed
through proceeds of crime. On that basis, the property was provisionally attached under Section 8 of the Anti Money Laundering Act, 2010. After gathering further evidence linking the asset to alleged money laundering, NAB sought confirmation of the attachment from the accountability court, which approved the request. Describing the move as an important step in its anti money laundering campaign, the bureau said the attachment would support ongoing efforts to identify, restrain and recover assets allegedly derived from criminal activity while strengthening financial investigations under the law. The latest action builds on a series of proceedings against Malik Riaz and Bahria Town in recent months. In June, an accountability court issued non bailable arrest warrants for Riaz, his son and others in the Bahria Town Karachi
land case before ordering a 15 day freeze on properties across the country later the same month. Earlier, in May, NAB froze four additional high value Bahria Town properties on the court's directions. According to the bureau, investigators concluded that approximately Rs8 billion in alleged crime proceeds had been channelled into the construction of Bahria Icon Tower in Karachi's Clifton area through M/s Galaxy Construction Pvt Ltd. NAB also attached Bahria Town Tower on Tariq Road after alleging that the project was held in the name of Muhammad Awais, whom it identified as a benami frontman for Malik Riaz Hussain and M/s Bahria Town. The bureau had previously filed a reference in 2020 against Malik Riaz and others over the alleged illegal allotment of the land on which Bahria Icon Tower was built.
AJK official claims state agencies have evidence of Indian funding behind banned JAAC MUZAFFARABAD NEWS DESK
Azad Jammu and Kashmir (AJK) Information Department Secretary Muhammad Rashid Hanif on Monday claimed that state institutions possessed evidence linking Indian funding to the agenda of the banned Joint Awami Action Committee (JAAC) in the region. Speaking at a press conference in Muzaffarabad, Hanif said state institutions had what he described as credible information about foreign financing behind the group’s ongoing activities. He alleged that Indian funds were being used to mobilise overseas Kashmiris, including UK-based Amjad Ayub Mirza, in support of what he called an anti-Pakistan agenda. He urged residents of AJK to reject what he termed a baseless disinformation campaign on social media and to take part in the due political process for the restoration of peace and order in the region. Claims about JAAC activities Hanif said members of the proscribed organisation had, over the past month, engaged in what he described as illegal and violent acts while presenting themselves as part of a human rights movement. He said the campaign had disrupted life across the region, particularly
in the Poonch belt, where he alleged that JAAC members had harassed the public and spread fear. According to Hanif, the movement had initially emerged after Covid-19 in 2023 around public issues such as increases in flour and electricity prices, and the government had responded seriously to those concerns. He said that over time, however, individuals with what he called a pronounced agenda joined the movement, changing its direction towards violent, illegal and anti-democratic activity. He further claimed that the organisation had never been registered in the region and was now promoting civil disobedience and encouraging people to revolt. Hanif also alleged that the idea of an independent AJK formed part of the group’s agenda and said this narrative was being pushed by leaders of the banned organisation based abroad. During the press conference, Hanif shared visuals with journalists that he said showed JAAC members blocking roads by cutting trees, targeting hospitals and making anti-Pakistan remarks. He said business and economic activity in the region had been halted, causing losses of Rs15 billion to the government, which he said already had limited resources. Hanif also claimed that JAAC
activists were using people, including women and children, as human shields. He said recent activities by the group included road blockades, hooliganism and the creation of artificial shortages by stopping vehicles dispatched by the government. Police spokesperson’s statement Separately, an AJK police spokesperson alleged that JAAC miscreants were looting goods vehicles and physically assaulting drivers, leaving many transporters afraid to enter the region. The spokesperson also said members of the banned group in Poonch division were harassing members of the public, including government officials. He cited what he described as several incidents involving lawlessness and violence by JAAC members and alleged that on July 4 they used firearms to intimidate the public while spreading a narrative that the state had begun a crackdown. The spokesperson said the JAAC leadership now had only one option: to surrender to law enforcement agencies, adding that the law would then take its course. Background to the ban On June 5, the regional government declared JAAC a proscribed organisation and placed it on the First Schedule of AJK’s anti-terrorism law.
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PMD warns of widespread rain, windstorms in north and centre
irfan.farooq@pakistantoday.com.pk
ISLAMABAD
NEWS DESK
A fresh weather system is expected to affect much of Pakistan over the next two days, with the Pakistan Meteorological Department warning of rain, windstorms and thunderstorms in many northern and central districts and cautioning that some urban centres could face flooding. In a press release issued on Monday, the PMD said moist air from the Arabian Sea was moving into the upper parts of the country, while currents from the Bay of Bengal were likely to reach the northeastern areas from Monday evening. It added that a westerly wave was also expected to approach the upper regions by Monday night. The department said the forecast largely excludes Sindh, where weather is expected to remain mainly hot and very humid in most areas, though a few districts may still receive isolated rain and thunderstorms on Tuesday and Wednesday. Areas expected to receive rain According to the PMD, scattered rain, windstorms and thundershowers are likely in Kashmir from Monday night to Wednesday, with occasional gaps. The forecast covers Neelum Valley, Muzaffarabad, Rawalakot, Poonch, Hattian, Bagh, Haveli, Sudhanoti, Kotli, Bhimber and Mirpur. In Khyber Pakhtunkhwa, the department has forecast scattered rain, windstorms and thundershowers, with isolated heavy falls, from Monday night until Wednesday in Dir, Chitral, Swat, Kohistan, Malakand, Nowshera, Charsadda, Karak, Tank, Lakki Marwat, Swabi, Shangla, Battagram, Buner, Kohat, Kurram, Bajaur, Mohmand, Khyber, Orakzai, Mansehra, Abbottabad, Haripur, Peshawar, Mardan and Hangu. It said the same conditions would begin on Tuesday in Waziristan, Bannu and Dera Ismail Khan. For Punjab and the Islamabad region, the PMD said scattered rain, windstorms and thundershowers, including isolated heavy rainfall, were expected from Monday night to Wednesday in Islamabad, Rawalpindi, Murree, Galliyat, Attock, Chakwal, Jhelum, Mandi Bahauddin, Gujrat, Gujranwala, Hafizabad, Wazirabad, Faisalabad, Khushab, Sargodha, Lahore, Sheikhupura, Sialkot, Narowal, Sahiwal, Jhang, Toba Tek Singh, Nankana Sahib, Chiniot, Okara and Kasur.
Punjab bans businesses from charging for plastic bags from Sept 6 LAHORE
NEWS DESK
Punjab’s Environmental Protection Agency (EPA) has barred commercial establishments from charging customers for plastic shopping bags from September 6, while allowing charges only for reusable or recyclable bags made from materials other than plastic. The order was issued in a notice dated July 5 by EPA Director General Imran Hamid Sheikh. According to the notice, retailers had begun imposing what the official described as excessive prices on plastic shopping bags, a practice he said had contributed to higher plastic bag production while discouraging the manufacture of bags made from reusable and recyclable environmentally friendly materials. "No shop, retail center, restaurant, hotel, and other commercial establishment shall charge any fee/price for the provision of plastic shopping bags while selling their products. Nevertheless, they will be allowed to charge fee/price only for reusable or recyclable shopping bags made from any material other than plastic," Sheikh said. He said the measure would take effect on September 6. In a separate statement, the EPA director general directed retailers to provide plastic bags free of cost and urged consumers to reduce their dependence on single-use plastics, ensure proper management of plastic waste and encourage the use of reusable or recyclable shopping bags. Penalties for violations Businesses found violating the order after the deadline may face fines ranging from Rs5,000 to Rs50,000, according to Sheikh. He added that penalties could also include the sealing of a business and the registration of a first information report.
DNA of three suspects 'matches' evidence in Lahore foreign women assault case LAHORE
NEWS DESK
The DNA profiles of three suspects in the case involving the alleged kidnapping and gang rape of two foreign women in Lahore’s Defence area have matched forensic evidence collected during the investigation, investigation and police sources said. Police had sent DNA samples from eight suspects to a forensic laboratory for crossmatching as part of the inquiry. Three of those samples have now matched the evidence gathered in the case, while the remaining samples are still being examined. The case concerns two foreign women, one Venezuelan and the other Dutch, who were allegedly tortured and sexually assaulted in Lahore. The matter surfaced after a first information report was registered
against five suspects, including Muhammad Raza Dar, who was identified in the report as the grandson of a high-profile political figure. Five suspects, including Dar, are currently on physical remand. Investigation sources said the main suspect, identified as Nawaz, is among those whose DNA matched the evidence and is at the top of the list of matching profiles. They further alleged that Nawaz was the first to sexually assault one of the women and that other suspects then followed after being encouraged by him. Police sources identified the other two suspects whose DNA reportedly matched as Sajid and Sikandar. Police account of the case Speaking at a press conference on Sunday, Lahore DIG Operations Kamran said the two women arrived in Lahore on June 29 and were allegedly abducted shortly afterwards.
He said police began tracing the vehicle involved and reviewed its movement through Safe City cameras. The vehicle was tracked as it travelled on the motorway towards Sargodha, while police also carried out raids in Shahdara and Defence. Kamran said the first ransom call was received on July 1 from a man identified as Carlos, who informed police that Spanish authorities had also been alerted. He added that the Safe City Authority received a call on the emergency helpline on the same day. According to the DIG Operations, police arrested four suspects on July 2 after tracing phone numbers, vehicle information and location data. A police officer said the women were later being taken to the airport by suspect Raza Dar when an altercation took place near Bhatta Chowk. The vehicle then crashed, after which the women got out and
took shelter in a filter house, where police later recovered them. Kamran rejected reports suggesting the
Published by Asad Nizami at Qandeel Printing Press, 4 Queens Road, Lahore, for PT Print (Pvt) Limited. Ph: 042-36300938, 042-36375965. Email: newsroom@pakistantoday.com.pk
women had appeared on their own and said the women had told police that they were rescued by Punjab Police.