In partnership with
Profit
PM BEGINS SAUDI VISIT TO DEEPEN STRATEGIC TIES AMID REGIONAL TENSIONS Friday, 7 August, 2026 | 23 Safar, 1448
g
g
PREMIER SHEHBAZ LEADS HIGH-POWERED DELEGATION, INCLUDING FIELD MARSHAL ASIM MUNIR, TO KINGDOM VISIT COMES AMID RENEWED HOPES FOR REVIVAL OF US-IRAN ISLAMABAD MEMORANDUM OF UNDERSTANDING
P
g
g
ISLAMABAD
SHEHBAZ TO MEET CROWN PRINCE MOHAMMED BIN SALMAN TO REVIEW BILATERAL PARTNERSHIP AND REGIONAL DEVELOPMENTS PAKISTAN REAFFIRMS DIPLOMATIC ENGAGEMENT TO EASE GULF TENSIONS, SUPPORT REGIONAL STABILITY
SALEEM JADOON
RIME Minister Shehbaz Sharif arrived in Saudi Arabia on Thursday on a two-day official visit, leading a high-powered delegation that includes Chief of Defence Forces and Chief of Army Staff Field Marshal Syed Asim Munir, to review bilateral relations with the Kingdom and discuss key regional developments amid continuing tensions between the United States and Iran. The visit comes amid renewed hopes for the revival of the Islamabad Memorandum of Understanding (MoU) between the United States and Iran. US President Donald Trump on Sunday cancelled planned strikes against Iran, saying Middle Eastern countries had agreed on the "parameters" of a deal aimed at ending the conflict. Pakistan, a close ally of Saudi Arabia and other Gulf states, has been actively engaged in diplomatic efforts between Washington and Tehran since the outbreak of their conflict in February. Islamabad facilitated an interim peace agreement between the two countries in June, known as the Islamabad Memorandum of Understanding, before the resumption of tit-for-tat strikes days later.
Marshal Syed Asim Munir and other federal ministers. Earlier, Foreign Office spokesperson Tahir Andrabi, during his weekly media briefing, said the prime minister would hold talks with Saudi Crown Prince and Prime Minister Mohammed bin Salman during the visit. According to the PMO, the two leaders will discuss ways to further strengthen the longstanding brotherly relations and strategic partnership between
According to a statement issued by the Prime Minister's Office (PMO), Prime Minister Shehbaz Sharif arrived in Jeddah, where he was received by Deputy Governor of the Makkah Region Prince Saud bin Mishaal bin Abdulaziz. The prime minister is scheduled to remain in the Kingdom until August 8 and is accompanied by Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar, Chief of Defence Forces and Chief of Army Staff Field
Pakistan, Iran pledge deeper energy, trade partnership as bilateral ties gain momentum ISLAMABAD
STAFF REPORT
Pakistan and Iran on Thursday reaffirmed their commitment to further deepening their longstanding bilateral partnership, with a renewed focus on expanding cooperation in the energy sector, enhancing regional connectivity, and boosting trade during a meeting between Federal Minister for Energy (Power Division) Sardar Awais Ahmad Khan Leghari and Iranian Ambassador to Pakistan Dr Reza Amiri Moghaddam. The minister welcomed the Iranian delegation, led by Ambassador Dr Reza Amiri Moghaddam, and reiterated Pakistan’s resolve to strengthen its historic ties with the neighbouring country, according to a statement issued by the Power Division. Ambassador Dr Reza Amiri Moghaddam expressed gratitude for the unwavering support extended by the Government and the people of Pakistan during challenging times. Describing Pakistan and Iran as close neighbours bound by deep-rooted historical, cultural and brotherly ties, he highlighted the ongoing cooperation in the energy sector, including the existing cross-border electricity transmission infrastructure. He said work on a second transmission line was expected to begin soon and noted that expanding the existing 100-megawatt electricity supply arrangement was under consideration to meet future energy requirements. The ambassador underscored the importance of strengthening regional connectivity and announced that Pakistani energy institutions, including the Central Power Purchasing Agency-Guarantee (CPPA-G), Quetta Electric Supply Company (QESCO) and National Grid Company (NGC), would be invited to participate in the upcoming session of the Pakistan-Iran Joint Commission in Tehran.
Rs 20.00 | Vol XVII No 133 | 8 Pages | Karachi Edition
Pakistan and Saudi Arabia, besides exchanging views on the prevailing regional situation. Earlier, Andrabi said the visit reflected the longstanding partnership between Pakistan and the Kingdom of Saudi Arabia, founded on decades of mutual trust, cooperation and brotherhood. He said that although the visit was taking place against the backdrop of heightened tensions in the Gulf, it carried significance well beyond the immediate crisis. "It will further strengthen bilateral relations, deepen strategic cooperation, enhance coordination on regional and international issues of mutual interest and reinforce multilateral cooperation," he added. The Foreign Office spokesperson said Pakistan remained actively engaged with its regional partners to help resolve the ongoing crisis, particularly with regard to the Strait of Hormuz. He also praised Oman for playing a "very constructive role" in promoting regional peace, stability and de-escalation. "Pakistan acknowledges and deeply appreciates Oman's valuable contribution and its steadfast efforts to foster deescalation and peaceful coexistence," Andrabi said.
CONTINUED ON PAGE 03
Pakistan rejects India's AJK polls criticism, says New Delhi lacks moral authority ISLAMABAD STAFF REPORT
Pakistan on Thursday strongly rejected India's criticism of the ongoing Azad Jammu and Kashmir (AJK) elections, asserting that New Delhi had "neither the standing nor the moral authority" to comment on a democratic process while continuing to deny fundamental political rights in Indian Illegally Occupied Jammu and Kashmir (IIOJK). Addressing the weekly media briefing, Foreign Office (FO) spokesperson Tahir Andrabi dismissed the Indian External Affairs Ministry's (MEA) remarks describing the AJK elections as a "farce", terming them baseless, politically motivated and an attempt to divert international atten-
– tells UN Afghanistan-based militants threaten regional security ISLAMABAD
NEWS DESK
Pakistan has told the United Nations Security Council that militant groups operating from inside Afghanistan continue to endanger regional security, with Islamabad urging the Taliban authorities to prevent Afghan territory from being used for at-
tion from India's own actions in the disputed territory. "Pakistan categorically rejects the baseless and politically moti-
tacks against other countries. Addressing a UNSC briefing on threats to international peace and security caused by terrorist acts on Wednesday, Pakistan’s Permanent Representative to the UN Ambassador Asim Iftikhar Ahmad said the security situation in Afghanistan remained “deeply alarming” since the Taliban takeover in August 2021.
vated remarks of the Indian MEA regarding the ongoing legislative elections in AJK," Andrabi said.
CONTINUED ON PAGE 03
Security forces kill 12 terrorists in Washuk and Mastung operations RAWALPINDI
STAFF CORRESPONDENT
Security forces killed 12 terrorists during two intelligence-based operations (IBOs) in Balochistan's Washuk and Mastung districts, as Pakistan's armed forces continued their intensified counterterrorism campaign under Operation Radul Fitna, the military's media wing said on Thursday. According to the InterServices Public Relations (ISPR), the operations targeted militants belonging to Fitna al Hindustan, the state's designation for terrorist groups operating in Balochistan that it alleges are backed by India. The first operation was conducted in Washuk district after security forces received intelligence regarding the movement of terrorists in the area. "On August 5, the movement of six terrorists was picked up by the security forces in Washuk district. Own troops effectively engaged the terrorists, and as a result of a precise and skilful operation, all six terrorists belonging to Indian proxy Fitna al Hindustan were sent to hell," the ISPR said. In a separate intelligence-based operation carried out in Mastung district later the same day, security forces engaged another group of militants in an intense exchange of fire, killing six terrorists. The military said a terrorist hideout was also destroyed during the operation. Reaffirming its resolve to eliminate terrorism, the ISPR said security forces and law enforcement agencies would continue operations under Vision Azm-i-Istehkam, approved by the Federal Apex Committee on the National Action Plan, to eradicate what it described as foreign-sponsored terrorism from the country. The latest operations follow a series of intensified counterterrorism actions across Balochistan. Last week, the ISPR announced that eight terrorists belonging to Fitna al Hindustan had been killed during multiple intelligence-based operations in Nushki district, where security forces also recovered and destroyed weapons, ammunition and improvised explosive devices (IEDs). Security operations in the province have intensified since July, when terrorists attacked a police post at the Mangi Dam pumping station in Ziarat, kidnapping and killing 27 police personnel. In response, security forces and law enforcement agencies launched Operation Shaban to dismantle terrorist networks across the province. Subsequently, Operation Al-Azm was initiated following a deadly attack on a Karachi-bound passenger coach travelling from Quetta, in which three people were killed and five others injured. The continuing operations come against the backdrop of a worsening security situation in Balochistan. According to a recent monthly assessment by the Pakistan Institute for Conflict and Security Studies (PICSS), terrorist violence in the province more than doubled in May, with 71 attacks recorded compared to 34 in April, making Balochistan the country's most affected province. The report also highlighted a sharp rise in kidnappings, noting that 52 of the 54 abduction cases reported nationwide during May occurred in Balochistan, reflecting the growing operational capability of militant groups in the province.
Pakistan joins eight Muslim nations in condemning Israeli actions in Gaza ISLAMABAD
STAFF CORRESPONDENT
Pakistan joined seven other Islamic countries on Thursday in strongly condemning Israel's continued military actions in the Gaza Strip, calling for an immediate ceasefire, the protection of civilians and renewed international efforts to advance a two-state solution to the decades-old Palestinian conflict. In a joint statement issued by the foreign ministers of Pakistan, Egypt, Türkiye, Indonesia, Jordan, Qatar, Saudi Arabia and the United Arab Emirates, the countries denounced what they described as ongoing Is-
raeli violations in Gaza, including attacks on healthcare facilities, medical infrastructure and civilian installations. The statement expressed deep concern over the worsening humanitarian crisis, describing it as a clear violation of Israel's obligations under international law. The foreign ministers also reaffirmed support for the peace framework announced by US President Donald Trump in 2025, saying the continued military operations were undermining efforts to implement its second phase despite the reported acceptance of the agreement by Palestinian factions. According to the joint declaration, the ongoing vi-
olence risks derailing the political process and triggering another cycle of escalation in the region. The ministers stressed that protecting civilians, medical facilities, humanitarian workers and health personnel, as well as ensuring the uninterrupted delivery of humanitarian assistance, constituted binding obligations under international humanitarian law. The statement further linked the Gaza conflict to developments in the occupied West Bank, expressing concern over continued settler violence, the expansion of Israeli settlements and what it described as unilateral attempts to alter the historical and legal status of occupied Jerusalem.
Pakistan, Somalia agree to deepen defence partnership, expand military cooperation RAWALPINDI
STAFF REPORT
Pakistan and Somalia on Thursday reaffirmed their resolve to further strengthen bilateral defence and security cooperation, with Chief of Defence Forces (CDF) and Chief of the Army Staff Field Marshal Asim Munir and Somalia’s Defence Minister Ambassador Ahmed Moallim Fiqi agreeing to deepen military-to-military ties and expand capacity-building initiatives to address shared security challenges. According to the Inter-Services Public Relations (ISPR), a high-level Somali defence delegation led by Defence Minister Ambassador Ahmed Moallim Fiqi called on the Chief of Defence Forces at the General Headquarters (GHQ) in Rawalpindi. During the meeting, the two sides discussed matters of mutual interest, evolving regional security dynamics and measures to further enhance bilateral defence and security cooperation.
Both sides underscored the importance of strengthening “military-to-military relations” and “expanding capacity-building initiatives” to effectively counter “common security challenges.” Field Marshal Asim Munir reaffirmed Pakistan's commitment to supporting Somalia in strengthening its “security apparatus” and “fostering enduring peace and stability” in the region. The visiting dignitary appreciated Pakistan's steadfast support and lauded the professional role played by the Pakistan Armed Forces in promoting regional peace and stability, the ISPR said. Pakistan, Somalia reaffirm commitment to expanding defence partnership Earlier on Wednesday, Somali Defence Minister Ambassador Ahmed Moallim Fiqi led a high-level defence delegation in separate meetings with Chief of the Naval Staff Admiral Naveed Ashraf and Chief of the Air Staff Air Chief Marshal Zaheer Ahmed Baber Sidhu in Islamabad, where both sides reaf-
firmed their shared commitment to further strengthening bilateral defence cooperation. During the visit to Naval Headquarters, the two sides discussed matters of mutual professional interest, regional maritime security and avenues for expanding bilateral defence collaboration. Admiral Naveed Ashraf reaffirmed Pakistan's commitment to further enhancing defence ties with Somalia and promoting closer naval cooperation, according to an ISPR statement. At Air Headquarters, discussions focused on bilateral defence cooperation, professional collaboration and capacity-building initiatives. Air Chief Marshal Zaheer Ahmed Baber Sidhu highlighted the Pakistan Air Force's indigenous capability development, advanced training infrastructure and professional exchange programmes, reaffirming the PAF's commitment to strengthening institutional cooperation with the Somali Air Force. The Somali defence minister appreciated the Pakistan Navy's role in promoting regional maritime security and commended
the Pakistan Air Force for its professionalism, operational excellence and indigenous capabilities. The high-level engagements reflected
the growing defence partnership between Pakistan and Somalia, with both sides reaffirming their resolve to further expand cooperation across the military domain.
02 NEWS
ADB PROPOSES $250 MILLION CLIMATE RESILIENCE LOAN FOR PAKISTAN
T
PROFIT
NEWS DESK
HE Asian Development Bank (ADB) has proposed a fresh $250 million policy-based loan to help Pakistan strengthen its resilience against climate change and natural disasters, with the programme focusing on institutional reforms, climate-resilient investments and disaster risk financing. The proposed Climate and Disaster Resilience Enhancement Program (Subprogram 2) is currently listed as "Proposed" and will be financed through ADB's ordinary capital resources, including concessional lending. The Ministry of Finance and Revenue will execute the nationwide programme. According to the project document, the programme aims to strengthen Pakistan's capacity to manage disasters triggered by natural hazards and the growing impacts of climate change through a three-pronged approach.
ADB said the programme would support strengthening institutional capacity for climate and disaster strategy, planning and emergency response; increasing investments in disaster risk re-
SBP injects over Rs642 billion through reverse repo OMO PROFIT
duction and climate resilience; and enhancing disaster risk financing through a risk-layered financing framework. The lender said the proposed programme is aligned with Pakistan's Vision
2025, the Resilient Recovery, Rehabilitation and Reconstruction Framework (4RF), the updated Nationally Determined Contribution (NDC), the National Climate Change Policy and the National Adaptation Plan. It also supports ADB's Country Partnership Strategy for Pakistan and Strategy 2030 priorities relating to poverty reduction, gender equality, climate resilience, food security and governance reforms. ADB said the initiative is expected to reduce poverty and strengthen social resilience by improving disaster risk information, preparedness and response systems, promoting climate-resilient investments to safeguard livelihoods and public assets, and expanding disaster risk financing alongside shock-responsive social protection mechanisms for timely recovery after disasters. The project has been classified under effective gender mainstreaming and is intended for nationwide implementation. The executing agency will be the Ministry of Finance and Revenue.
US ready to finance another Reko Diq-sized mining project in Pakistan: report PROFIT
MONITORING REPORT
NEWS DESK
The State Bank of Pakistan (SBP) injected Rs642,158 million into the money market on August 5, 2026, through a 2-day Reverse Repo Purchase Open Market Operation (OMO), accepting all seven bids received at a rate of 11.54% per annum. The central bank received quotes for the 2-day tenor within a range of 11.54% to 11.62%, with seven quotes offered. The face value offered stood at Rs656,000 million, with a realized value of Rs642,158 million. The SBP accepted the full face value offered — Rs656,000 million — with a realised value of Rs642,158 million. All seven quotes were accepted at a rate of return of 11.54% per annum.
SBP governor says new incentive scheme to encourage higher remittance inflows to be launched soon PROFIT
NEWS DESK
State Bank of Pakistan (SBP) Governor Jameel Ahmad said the central bank will soon introduce a new incentive scheme to encourage higher remittance inflows, as a steering committee works to facilitate the country's transition to Islamic banking. Addressing the National Islamic Forum on Wednesday, Ahmad said the SBP was aligning its regulatory framework with Shariah principles and international standards, particularly those of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). Ahmad said Pakistan's objective had always been to establish a fully Islamic banking system, with the government laying out a roadmap for a complete transition by December 2027. The government has accelerated Sukuk issuance, raising Rs1.8 trillion through a hybrid Sukuk launched on April 16, 2026. In collaboration with the Pakistan Stock Exchange, the SBP has also introduced short-term hybrid Sukuk, mobilising Rs239 billion. Ahmad said the SBP had approved a short-term Sukuk framework, providing Islamic banks with an alternative to Treasury bills, adding that the issuance would help establish a market benchmark. He said there was a need for greater capacity building among bankers and Shariah scholars, and that the SBP was collaborating with religious seminaries and universities to promote Islamic banking education. He urged conference participants to compile recommendations so stakeholders could jointly address challenges facing the sector. Ahmad also said the central bank was working to improve banking facilities for freelancers. He noted that Pakistan's foreign exchange reserves had reached $41.6 billion last year, and said additional facilities would be introduced for overseas Pakistanis sending remittances. A dedicated help desk had also been established to address complaints.
The United States is prepared to finance another mining project the size of Reko Diq, and American investors remain willing to accept security risks to invest in Pakistan's mineral sector, The Express Tribune reported, citing a US embassy official as saying, who added that some investors are also exploring the purchase of small mines worth a few million dollars. "The US is ready to finance another Reko Diq-sized project where the feasibility is showing potential," the official said in a background briefing. Some US firms want to buy and develop small mines directly, while others are pursuing larger copper investments. Pakistan holds a high concentration of antimony and one of the world's major copper reserves, the official said, at a time when global copper demand is rising sharply. "There are very viable reserves of copper, antimony and tungsten," the official said, noting that companies are already working on the ground to extract these minerals. American companies are also seeking offtake agreements from small mines for processing and export to the US. The US has identified 60 minerals considered vital for AI, semiconductors, computing, energy and defence technologies, several of which are present in Pakistan. US companies are also looking at copper deposits in KhyberPakhtunkhwa and rare earth minerals in Gilgit. "The critical minerals issue is very important for us because it is about economic security, prosperity and national defence," the official said.
PROFIT
The Sindh cabinet on Wednesday approved a series of key economic and administrative measures, including the import of 500,000 metric tonnes of wheat, a 7.5% increase in the minimum wage, and conversion of the Public-Private Partnership (PPP) Unit into a government-owned company. The meeting, chaired by Chief Minister Syed Murad Ali Shah at the CM House, also approved imposing toll tax on the NawabshahRanipur (Mehran Highway) and expanding the Sindh People's Housing for Flood Affectees Programme to Gilgit-Baltistan. The cabinet approved an increase in the minimum wage from Rs40,000 to Rs43,000 per month for unskilled workers, effective July 1, 2026, with proportionate raises
Pakistan's trade deficit widens 25.17% YoY to $3.94b in July PROFIT
NEWS DESK
Pakistan's trade deficit widened 25.17% year-onyear to $3.948 billion in July 2026, compared with $3.154 billion in July 2025, according to a summary of merchandise trade statistics released by the Pakistan Bureau of Statistics (PBS) on Wednesday. The PBS said exports stood at $2.939 billion in July 2026, while imports reached $6.887 billion. In comparison, exports totaled $2.683 billion and imports $5.837 billion in July 2025. Imports registered growth of 18% year-on-year, up from $5.837 billion in July 2025 to $6.887 billion in July 2026. Exports posted growth of 9.54% yearon-year, rising from $2.683 billion in July 2025 to $2.939 billion in July 2026. On a month-on-month basis, exports increased 31.09%, reaching $2.939 billion in July 2026 against $2.242 billion in June 2026. Imports declined 0.17% month-on-month, falling to $6.887 billion in July 2026 from $6.899 billion in June 2026. The trade deficit narrowed 15.22% on a monthly basis, from $4.657 billion in June 2026 to $3.948 billion in July 2026. In rupee terms, the trade deficit widened 22.73% year-on-year to Rs1,100,161 million in July 2026, compared with Rs896,388 million in July 2025. Exports in rupee terms stood at Rs817,246 million in July 2026, up 7.17% from Rs762,578 million in July 2025, while imports rose 15.58% to Rs1,917,407 million from Rs1,658,966 million a year earlier. On a month-on-month basis, rupee-denominated exports rose 30.94% to Rs817,246 million in July 2026 from Rs624,159 million in June 2026, while imports declined 0.29% to Rs1,917,407 million from Rs1,922,982 million. The rupee trade deficit narrowed 15.3% month-onmonth, from Rs1,298,823 million in June 2026 to Rs1,100,161 million in July 2026.
Govt raises Rs882.4b from Treasury Bills auction, 12-Month yield at 11.949%
The Trump administration is pushing to develop critical minerals supply chains, with financing available through the Exim Bank and the Development Finance Corporation. The official said the mining sector could have a significant impact on Pakistan's economy over the next 10 to 20 years, with minerals currently accounting for just 3% of the country's economy. On Reko Diq, the official said the project is moving forward but at a slower pace than planned, with some costs being recalculated. The Export-Import (Exim) Bank of the US has offered $1.25 billion for the project, though the overall financing package has not yet been finalised. Once fully operational, Reko Diq is expected to generate $2 billion in free cash flow annually, split between Balochistan and state-owned enterprises. The US government is encour-
aging American firms to partner with Pakistani companies that understand local operating conditions, including security risks in areas such as Balochistan and KhyberPakhtunkhwa. "US companies understand the security risks in Pakistan and are willing to take them," the official said. "We encourage the government of Pakistan to do everything it can to provide security and assistance." "Good opportunities exist in Balochistan and KhyberPakhtunkhwa, but these are also areas with security challenges," the official added. Pakistan joined the US Critical Minerals Initiative in Washington earlier this year. The official said the US continues to encourage Pakistan to provide a transparent and level playing field for American investment.
Sindh cabinet approves 500,000-tonne wheat import, 7.5% minimum wage hike NEWS DESK
Friday, 7 August, 2026 | KARACHI
for other worker categories. To address a projected wheat shortfall of 1.69 million tonnes, the cabinet allowed the import of 500,000 tonnes through the Trading Corporation of Pakistan with federal support. In a key structural move, the PPP Unit will be converted into a government-owned private limited company under the Companies Act 2017, with Rs8 billion in authorised capital. The decision aims to boost institutional capacity and attract private investment. The cabinet also cleared the imposition of toll tax on the 135-km Nawabshah-Ranipur highway, mainly targeting heavy vehicles, to fund maintenance. The project is expected to generate over Rs2 billion annually. Expansion of the flood housing programme to Gilgit-Baltistan was also approved, with 196 homes to
be rebuilt in collaboration with the National Rural Support Programme. Among other decisions, the cabinet approved the formation of four high-level reform task forces covering economy, water, climate change, and artificial intelligence and digital transformation. It also reviewed the proposed Sindh Government Lands Management Bill 2026, intended to replace the colonial-era 1912 law with a transparent framework for land management. The cabinet further approved amendments to anti-terrorism laws to improve court efficiency, restored the name of the Communication & Works Department, and designated deputy commissioners as administrators of Evacuee Trust properties. Murad said the decisions were aimed at ensuring food security, protecting workers, and promoting sustainable development across the province.
PROFIT NEWS DESK
The State Bank of Pakistan (SBP) raised Rs882,399.591 million for the government through an auction of Market Treasury Bills (MTBs) on August 5, 2026, with the 12-Month tenor posting the highest cut-off yield at 11.9490%. The SBP invited tenders for the sale of 1-Month, 3Month, 6-Month and 12-Month Government of Pakistan Market Treasury Bills through Primary Dealers, with a settlement date of August 6, 2026. Total bids received across all tenors stood at Rs2,287,159.440 million (face value), with a realised value of Rs2,175,792.690 million. Bids received by tenor were: Rs810,965.810 million for 1-Month, Rs433,226.020 million for 3-Month, Rs358,650.605 million for 6-Month, and Rs684,317.005 million for 12-Month, in face value terms. In competitive bidding, the cut-off yield for the 1Month tenor was 11.3504%, with a weighted average yield of 11.2492%, on a realised value of Rs38,296.625 million against a face value of Rs38,627.105 million. The 3-Month tenor saw a cut-off yield of 11.5149% and weighted average yield of 11.4403%, with realised value of Rs110,175.285 million against face value of Rs113,076.015 million. The 6-Month tenor recorded a cut-off yield of 11.7000% and weighted average yield of 11.4377%, with realised value of Rs105,058.396 million against face value of Rs111,050.000 million. The 12-Month tenor posted a cut-off yield of 11.9490% and weighted average yield of 11.8681%, with realised value of Rs269,428.645 million against face value of Rs301,317.000 million. Total competitive bids accepted came to Rs522,958.951 million (realized value) against Rs564,070.120 million (face value). In addition, Non-Competitive Bids (NCBs) were accepted totaling Rs359,440.640 million (realized value) against Rs375,044.490 million (face value), broken down as: Rs98,938.616 million for 1-Month at a price of 99.1444; Rs39,689.523 million for 3Month at 97.4347; Rs202,684.867 million for 6-Month at 94.6045; and Rs18,127.634 million for 12-Month at 89.4170. Of the accepted NCBs, Provincial Government bids totalled Rs258,610.080 million (realised value) against Rs270,000.000 million (face value), comprising Rs69,401.080 million for 1-Month and Rs189,209.000 million for 6-Month. No Provincial Government bids were recorded for the 3-Month or 12-Month tenors.
Pakistan, US move closer to reciprocal trade agreement after fresh talks PROFIT
NEWS DESK
Pakistan and the United States have made significant progress in negotiations on a proposed reciprocal trade framework, with both sides reaffirming their commitment to concluding the agreement at the earliest. According to a statement by Ministry of Finance, the development came during a virtual meeting between Federal Minister for Finance and Revenue Senator Muham-
mad Aurangzeb and United States Trade Representative (USTR) Ambassador Jamieson Greer, who reviewed ongoing negotiations aimed at strengthening bilateral trade and economic cooperation. Recalling their recent discussions in Washington, D.C., Aurangzeb welcomed the progress made by the negotiating teams and appreciated the constructive engagement throughout the dialogue. Both sides expressed satisfaction with the pace of negotiations and agreed to maintain regular engagement to finalise the remaining ele-
ments of the framework. The finance minister stressed the importance of sustaining the momentum of negotiations in line with Pakistan's economic priorities. He said a stronger trade and investment partnership with the United States would support Pakistan's export-led growth strategy, strengthen economic resilience and create greater commercial opportunities for businesses in both countries. Aurangzeb also underscored the importance of continued collaboration with the U.S. Export-Import Bank (EXIM) to facili-
tate bilateral trade and investment. Ambassador Greer appreciated Pakistan's continued engagement during the negotiations and acknowledged the progress made on labour and regulatory reforms, including measures related to forced labour compliance. He reaffirmed the United States' commitment to maintaining the positive trajectory of trade talks and expressed confidence that the remaining issues could be resolved through continued technical engagement. The finance minister emphasised the
need for close coordination and faster technical-level discussions to build on the progress already achieved. Both sides agreed to continue working closely to conclude the reciprocal trade framework as soon as possible, further strengthening the longstanding economic partnership between Pakistan and the United States. The meeting was also attended by Federal Secretary for Commerce Jawad Paul and senior officials from the Office of the United States Trade Representative (USTR).
NEWS 03
Friday, 7 August, 2026 | KARACHI
PAKIStAN MoVeS AheAd wIth KKh PhASe-II uNder CPeC, retAINS Self-fuNdINg oPtIoN If ChINeSe fINANCINg IS Not ArrANged
P
PROFIT
STAFF REPORT
AKISTAN on Wednesday gave an in-principle go-ahead to the Karakoram Highway (KKH) Phase-II project under the ChinaPakistan Economic Corridor (CPEC), deciding to pursue Chinese financing while keeping the option of funding the project through domestic resources if external financing is not secured, The News reported. The decision was taken at the 91st meeting of the CPEC Projects Review and National Steering Committee, chaired by Federal Minister for Planning, Development
& Special Initiatives Ahsan Iqbal, according to an official statement. The meeting reviewed progress on CPEC initiatives across infrastructure, power, petroleum, water resources, food and agriculture, Special Economic Zones (SEZs), and Joint Working Group (JWG) preparations. Addressing the meeting, Ahsan Iqbal said CPEC 2.0 provides an opportunity to build on the gains of the first phase by leveraging investments in energy and physical infrastructure. He directed all ministries to accelerate work on the five pillars of CPEC 2.0 — the Corridors of Growth, Livelihood, Innovation, Green Development and Regional Connectivity.
The Pakistan Mission in Beijing and the conveners of the respective Joint Working Groups briefed participants on preparations for the upcoming JWG meetings and the 15th Joint Cooperation Committee (JCC) meeting. The forum was informed that the meeting calendar had been finalised in consultation with the relevant conveners and shared with the Pakistan Mission in Beijing for coordination with the Chinese side. The Ministry of Maritime Affairs (MoMA) and the Sindh government also presented an update on the Karachi Coastal Comprehensive Development Zone (KCCDZ) project. Expressing concern over delays, the minister directed all stakeholders to submit
their observations within one week and resolve pending issues without further delay. He stressed that memorandums of understanding should be implemented according to agreed terms and applicable rules, adding that agreements must lead to timely execution rather than remain on paper. Ahsan Iqbal also instructed the Sindh government, the Ministry of Maritime Affairs and the Board of Investment (BOI) to hold a meeting with the Chinese company to address technical issues and speed up implementation of the KCCDZ project through regular coordination. The committee also reviewed progress on the programme to train 1,000 Pakistani agriculture graduates in China. The minister
Potential investors seek 10-year tariff guarantees, regulatory safeguards for Fesco, Gepco, Iesco privatisation PROFIT STAFF REPORT
Potential investors in the proposed privatisation of Faisalabad Electric Supply Company (Fesco), Gujranwala Electric Power Company (Gepco) and Islamabad Electric Supply Company (Iesco) have sought a 7-10 year multi-year tariff (MYT) regime, stronger regulatory safeguards and greater operational freedom, warning that these measures will be critical to converting investor interest into competitive bids. Dawn reported that these recommendations are contained in an investor feedback report prepared for the Privatisation Commission following roadshows held in Pakistan, Turkiye, Saudi Arabia and China during June and July. The report indicates that while investor interest in the three distribution companies is strong, uncertainty over tariffs, regulation and market rules could undermine the privatisation process. The strongest demand relates to the tariff framework. Investors want the current five-year multi-year tariff regime ex-
tended to between seven and 10 years, arguing that the existing control period is too short to support long-term investment in electricity distribution assets. They also proposed gradually replacing the uniform tariff system with company-specific tariffs linked to the performance and efficiency of individual distribution companies. According to the feedback, the current framework can penalise better-performing Discos, while performance-based incentives would encourage reductions in transmission and distribution losses and improve service reliability. Regulatory certainty emerged as another key concern. International investors said tariff arrangements and contractual commitments agreed at the time of privatisation should be protected from future revisions by governments or courts. They also called for capital expenditure plans, investment obligations and tariff details to be finalised before the bidding stage. The report further highlighted concerns over the capacity and speed of the power regulator. Investors sought timely
Bank of Punjab gets SBP's in-principle approval to set up banking unit in Bahrain PROFIT
STAFF REPORT
The Bank of Punjab (BOP) has received in-principle approval from the State Bank of Pakistan (SBP) to establish an Overseas Wholesale Banking Unit in the Kingdom of Bahrain, marking a step forward in the bank's international expansion plans. In a material information notice submitted to the Pakistan Stock Exchange (PSX) on Thursday, the bank said the approval was granted by the SBP through a letter dated August 5, 2026, following its earlier disclosure on July 4, 2024. The original plan, approved by BOP's Board on July 1, 2024, envisaged establishing a Wholesale Banking Unit in Bahrain and a representative office in the United Arab Emirates (UAE), subject to regulatory approvals. BOP said the approval is subject to obtaining all required regulatory clearances in both Pakistan and Bahrain and complying with the applicable laws, rules, regulations and conditions set by the SBP. The proposed Overseas Wholesale Banking Unit will commence operations only after securing all necessary approvals, including a No Objection Certificate (NOC) from the Central Bank of Bahrain and the issuance of the required banking licence by the State Bank of Pakistan.
tariff determinations, clearly defined enforcement powers and accountable service standards, while domestic investors also requested contractual limits on regulatory discretion. Most investors favoured full ownership of the distribution companies, while several sought permission to acquire stakes in more than one Disco, subject to safeguards against excessive market concentration. Some also recommended that the government retain a minority stake in Islamabad Electric Supply Company because of its large base of government
consumers. Investors also called for greater flexibility to purchase electricity from competitive suppliers and opposed transferring costly legacy independent power producer (IPP) obligations to privatised Discos as consumers increasingly shift to lower-cost power sources. The feedback identified additional revenue opportunities through the commercial use of Disco assets and customer networks, including telecom infrastructure, electric vehicle charging stations and smart metering. Investors, however, sought clear regulations governing these businesses and the sharing of related revenues. Foreign investors also expressed concerns over exchange rate risks affecting overseas borrowing for capital expenditure and the repatriation of dividends. According to the report, investor interest in Fesco, Gepco and Iesco remains genuine, but securing competitive bids will depend on the government's ability to establish a credible, predictable and investment-friendly framework before the privatisation process moves to the bidding stage.
SECP approves SG Power's name change to Crestwell Healthcare PROFIT STAFF REPORT
The Securities and Exchange Commission of Pakistan (SECP) has approved the change of S.G. Power Limited's name to Crestwell Healthcare Limited, marking another step in the company's transition from the power sector to the healthcare industry. In a notice submitted to the Pakistan Stock Exchange (PSX) on Thursday, the company said the SECP issued the Certificate of Incorporation on Change of Company Name, effective August 6, 2026. Following the approval, the company has applied to the PSX to replace its listed name from S.G. Power Limited to Crestwell Healthcare Limited in line with the applicable regulatory requirements. The company also noted that it had previously applied to the PSX for a change in its listed sector classification from Power Generation & Distribution to the Pharmaceutical sector. The application is currently under review by the exchange and is part of the company's broader strategy to transform into a healthcare-focused business. The latest development follows a series of corporate actions undertaken by the company this year to reshape its business model.
At an Extraordinary General Meeting held on May 13, 2026, shareholders approved special resolutions to change the company's name to Crestwell Healthcare Limited, amend its principal line of business from power generation to healthcare and pharmaceuticals, relocate its registered office from Sindh to Punjab, and increase its authorised share capital to Rs800 million. On June 29, 2026, the company informed the PSX that it had completed the required corporate and regulatory formalities to change its principal line of business from Power Generation Allied (Other) to Pharmaceutical Allied (Healthcare Sector) following SECP registration of the relevant statutory filings. Under its revised business scope, the company is authorised, subject to applicable laws and regulatory approvals, to import, export, manufacture, market, distribute, trade, install, maintain and provide after-sales services for medical equipment, medical devices, hospital supplies and related healthcare products. The amended business objectives also cover the manufacturing and trading of pharmaceutical, medicinal and chemical products, including vitamin preparations and other healthcare products. S.G. Power said it would keep shareholders and the market informed of any further material developments in accordance with applicable regulatory requirements.
Pakistan rejects India's AJK polls criticism, says New Delhi lacks moral authority CONTINUED FROM PAGE 01
He said it was unsurprising that India had chosen to issue such remarks on the eve of the seventh anniversary of its "illegal and unilateral actions" of August 5, 2019, through which it sought to alter the internationally recognised disputed status of Jammu and Kashmir. He maintained that those actions violated relevant United Nations Security Council (UNSC) resolutions, international law and India's own international commitments. The spokesperson said the elections in AJK were being conducted in a peaceful, transparent and orderly manner in accordance with the constitutional and legal framework governing the region. He added that the electoral process reflected the democratic aspirations and political will of the people of Azad Jammu and Kashmir. Andrabi stressed that, given its continued denial of fundamental political rights and democratic freedoms in occupied Jammu and Kashmir, India had "neither the standing nor the moral authority" to comment on the democratic process in AJK. He said misinformation and propaganda could not alter the internationally recognised status of Jammu and Kashmir, reiterating that the territory remained a disputed issue. "Its final disposition is to be determined in accordance with relevant UNSC resolutions as well as the freely expressed will of the Kashmiri people through a UN-administered plebiscite," he said. The spokesperson further said India's attempt to invoke what he termed "misleading casualty figures" could not ob-
scure its own actions in occupied Kashmir. According to Andrabi, such statements were aimed at deflecting international attention from India's continued violations of international human rights and humanitarian law, as well as its persistent failure to fulfil its international obligations. He called upon India to reverse its illegal actions of August 5, 2019, and create an environment conducive to the peaceful settlement of the Jammu and Kashmir dispute in accordance with relevant UNSC resolutions. Responding to another question regarding India's criticism of Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar's remarks on Youm-i-Istehsal, Andrabi described the Indian MEA's statement as a "self-serving eulogy" of its own actions in occupied Kashmir. He said the reality was that a prolonged and heavy military presence, coupled with draconian laws, continued to facilitate demographic changes aimed at altering the Muslim-majority character of the occupied territory. The spokesperson also referred to what he described as India's "systemic efforts" to suppress the voices of the Kashmiri people, adding that so-called development in the occupied territory could never substitute for their fundamental political rights. "We remain unwavering in our support for the just cause of the Kashmiri people and call upon India to reverse its illegal and unilateral measures, end its human rights violations and engage in the peaceful resolution of Jammu and Kashmir," he said.
directed the relevant authorities to present a comprehensive plan at the next meeting detailing the graduates' areas of specialisation, deployment and future responsibilities. He said future training should align with national priorities, with greater emphasis on biotechnology, seed development, highyield crop varieties, digital extension services, AI-driven agriculture and cooperative farm management. He also instructed officials to prepare a five-year human resource and sectoral development roadmap to ensure future training programmes address Pakistan's agricultural needs. The meeting further reviewed progress on the Power Supply Stability Project for Gwadar Port and the Free Zone.
NA panel seeks early completion of K-IV project amid funding, infrastructure concerns PROFIT
STAFF REPORT
The National Assembly Standing Committee on Water Resources on Wednesday called for the early completion of Karachi's K-IV water supply project after reviewing its progress and expressing concern over delays, funding constraints and the city's water distribution system. The meeting, chaired by MNA Ahmad Ateeq Anwar, was attended by Federal Minister for Water Resources Mian Moeen Wattoo, WAPDA Chairman Muhammad Saeed and senior officials. The committee was informed that the federal government has spent Rs86 billion on the project so far, while another Rs70 billion is required to complete it. Federal Minister Mian Moeen Wattoo said around 66% of the project has been completed. Wattoo said WAPDA's responsibility is to supply water to Karachi, while the Sindh government must develop the city's distribution network, estimated to cost around Rs200 billion. He said Sindh is in talks with the World Bank to finance the system. WAPDA Chairman Muhammad Saeed said delays were mainly caused by funding shortages, but the issue has largely been resolved after the Sindh government released Rs7.7 billion. He said the project is expected to be completed by June 2027, subject to the timely availability of funds, adding that Sindh must also provide 50MW of electricity to pump water from Keenjhar Lake.
PM begins Saudi visit to deepen strategic ties amid regional tensions CONTINUED FROM PAGE 01
His remarks came a day after Iran's Foreign Ministry announced that Tehran and Muscat had agreed on a route for ships transiting the Strait of Hormuz and were finalising arrangements for jointly managing the strategic waterway. Iran has exercised de facto control over the Strait since the United States and Israel launched military operations against the country. The strategically important maritime route remains one of the principal points of contention between Washington and Tehran because of its critical role in global energy trade. President Donald Trump has repeatedly maintained that Tehran is interested in reaching an agreement to reopen the shipping route, a claim Iran has denied, saying it instead intends to make the necessary arrangements in coordination with Oman.
04 COMMENT
The collapse of governance
The AI opportunity
I
I
Artificial Intelligence is going to worsen Pakistan’s job-creation woes
N its latest report, ‘The World Development Report 2016: The Promise of AI’, the Asian Development Bank has identified Pakistan as one of the countries likely to be hit hardest by the loss of jobs because of the spread of artificial intelligence, with 4.5 percent of wziating jobs likely to be eliminated. Pakistan has already got a problem because of how job creation, especially in the private sector, is falling behind the number of young people entering the job market every year. With the population growing rapidly, governments were already hard put to deal with the demand for jobs, but AI is already putting pressure on the number of jobs. The risk is greatest for skilled graduates, as the report says that AI is automating knowledge intensive tasks that at present require trained professionals. AT the same time, the report speaks of the increase in productivity AI should bring, to 16.2 percent of jobs. Therefore, the government will have to work on job creation,reskilling and digital competitiveness.. The report describes AI as an opportunity for developing countries, as they could use it to expand access to health care, education, judicial services and agricultural extension. Job creation would have to be based on job seekers having been educated in the proper skills, rather than make-work government employment. At the same time, the report sounds a note of warning: AI could end up widening the gap between developed and developing countries. That is a caution that is increasingly being repeated. With developed countries already holding developing countries over a barrel though their debts, and with the plans to increase that debt trap through climate financing, the AI gap is just going to compound an already sorry situation for developing countries like Pakistan. Perhaps the government can do no better than to follow the report’s advice to adopt available AI tools, adapt them to local conditions, and over time advance to frontier AI development. The report’s warning must be taken to heart that AI is more-context-specific than earlier technologies liek electricity or the internet. That implies what is already known to all and sundry, that AI is as transformative as either of those two. That means that the country could find itself left behind as much as it was in those two technologies if it is not proactive. It is not enough to be aware; it is essential to act as well.
An outsider’s outburst or the beginning of fresh machinations At Penpoint M A NIAZI
NTERIOR Minister Mohsin Naqvi’s speech is being interpreted as a harbinger of change, probably because he is the only senior minister, the only holder of one of the so-called ‘great offices of state’ who is not a loyalist of the PM. (the other two are Ishaq Dar and Muhammad Aurangzeb, at Foreign Affairs and Finance respectively). Whether a minister can remain within the Cabinet after the sorts of potshots Naqvi took at the PM, such as saying that distributing laptops was no solution, is a matter for the Minister concerned and the PM. and while Pakistani precedent has seen ministers diverge from official positions, nothing has happened. While the concept of collective responsibility demands that ministers are all bound by policy statements made by each other, as they are politicians competing with each other, there is occasional sniping against each other. A prime example has been provided by Khwaja Asif. Defence is not considered one of the ‘great offices’, but it is certainly one of the main portfolios all over the world. In the Pakistani context, it is exceedingly important, though not necessarily of commanding importance. By commenting on Naqvi’s remarks, he has become guilty of the same display of Cabinet disunity that Naqvi is accused of. Naqvi may have mended his fences with the PM by his statement that the system is going to last the full five-year tenure, but the damage is done, and the PPP-PML(N) rift is out in the open, extending to more than just the AJK elections, where the PPP has gone down to a major defeat. Part of the problem is that Naqvi was already perceived as an outsider. Making his political debut as caretaker Punjab CM, which turned out to a year-long appointment, he became Interior Minister in the Shehbaz Government. Interior has been of particular interest, being counted as a very powerful office. For example, the Imran government had Lt Col (retd) Ejaz Shah in that portfolio. Shah had been IB DG under President Pervez Musharraf. He had been succeeded by Sh Rahid Ahmad, who boasted about his affiliation to GHQ. Naqvi too is considered close to the establishment, with the added twist that he is also supposed to be close to President Asif Zardari. Thus his speech coming at the same time as Bilawal Bhutto Zardari ratcheting up the differences with the PML(N) over the AJK elections, in which the PPP has been trounced, may be considered part of the pattern. After all, the PPP may be made restive by the fact that if Shehbaz Sharif is not removed after the three-year mark, he will be the first PM to complete a five-year tenure. It is worth noting that Naqvi made a surprising assessment, that the system had collapsed. It was an assessment that is not surprising itself, but is very strange coming from the Interior Minister, especially considering that he would be better informed of the position of law and order even more than other min-
Dedicated to the legacy of late Hameed Nizami
Arif Nizami (Late) Founding Editor
The Illusion of a Settled Kashmir M. A. Niazi
Babar Nizami
Editor Pakistan Today
Editor Profit
isters. Perhaps it is grisly confirmation of his statement that there had been a major terrorist attack in Swat district of KP, almost on the heels of a major IBO in Waziristan. Clearly, the terrorist menace, which the Interior Ministry has particular responsibility for, has still to be dealt with. The solution he has proposed is one that has done the rounds for some time. But has never had the improvement of governance as the main motive. One reason given is that the division of provinces is needed for reasons of justice, to create units for ethnic entities presently not represented in the federation. Another reason adduced has been development. It should be noted that the British provincial boundaries were not revised in Pakistan, but India did so with a will, mainly because it had to absorb so many princely states. India used the principle of ethnic uniformity. This was not really observed in Pakistan. One Unit was created in 1956, in the process absorbing the princely states, but that was not the primary motive: the idea was to create a suitable counterweight to East Pakistan. When One Unit was broken up in 1968, under the Yahya Martial Law, the composition of the National Assembly elected in 1970 made it clear why One Unit had been created. In the National Assembly after 1956, the two Wings had equal representation. However, in 1970, seats were allocated according to population, and East Pakistan had a simple majority. All East Pakistani seats but one were won by the Awami League, which made it possible for the first time for an East Pakistani to become PM without any support from West Pakistan. (The three East Pakistanis who served as PM before 1958 all did so with support from the West wing.) The break-up was not simply into the original constituents. Balochistan became a province for the first time, after the merger of the former Chief Commissionerate of Quetta and the old Kalat state. As Karachi was no longer the federal capital, it was merged into Sindh instead of being a chief Commissionerate. Bahawalpur state became a Punjab division. It is also the only state to have a provincialist party. The present Pakistan has got a number of fault
S
DR ZAFAR KHAN SAFDAR
OME political decisions solve problems, others merely postpone them. Then there are those that attempt to settle history itself. India’s decision of 5 August 2019 belongs to the latter. By revoking Article 370 and Article 35A and ending Jammu and Kashmir’s special constitutional status, New Delhi declared the region fully integrated. Seven years later, however, one conclusion is inescapable. Constitutional change has not produced political finality. Kashmir remains as contested as ever. Constitutions carry legal authority, but legislation alone cannot resolve a dispute rooted in history, identity, and competing nationalisms. Political history offers little evidence that it can. The Kashmir dispute predates India’s constitutional changes by more than seven decades. It emerged from the partition of British India in 1947, when the future of Jammu and Kashmir became contested between India and Pakistan. The first Indo-Pakistan war internationalised the dispute, leading to United Nations involvement and resolutions calling for a peaceful settlement. Since then, wars have been fought, ceasefires negotiated, diplomatic initiatives attempted, and confidencebuilding measures introduced. Yet despite changing governments, military doctrines, and regional geopolitics, the central dispute has endured. Against this historical backdrop, the events of 5 August 2019 represented the most significant unilateral constitutional change in Kashmir since independence. India argued that removing the re-
The greatest illusion of 5 August 2019 was not that constitutional change was possible. It was the belief that constitutional change alone could settle one of the worldÊs most enduring political disputes. History has rarely been persuaded by legal finality when political questions remain unresolved. Kashmir stands as a reminder that while governments possess the power to amend constitutions, only a just, peaceful, and broadly accepted political settlement can bring genuine closure to history Lahore – Ph: 042-36300938, 042-36375965
I
Karachi – Ph: 021-32640318 I
lines if one was to go about an ethnic division. Punjab, the largest province by population, could lead to four provinces being carved out of it. A Potohar province, a Seraiki province and a Riasati province, and a rump Punjab. Another model would be to have the divisions become the new provinces. That would mean splitting the Punjab into eight provinces. KP would see a Hazara province come into existence, though it might also see the loss of its provincial government. Dera Ismail Khan division could become a new Seraiki province, only it has Pushrun ex-tribal districts attached. Balochistan provides a separate challenge, for its Pashtun areas do have a political party, and aim to form a second Pashtun province. There would be the temptation to merge it into KP, or else there might be a separatist movement to join Afghanistan, for that is where the Raj had captured it from. The Pushtun areas are hotbeds of Taliban militancy, and the creation of a separate province might lead to a desire for merger. The splitting of a country into more provinces than originally was tried in Nigeria by the military governments there, and currently Nigeria consists of 26 states. India consists of 28 states and eight union territories, up from Partition. Indian state formation also included a solution to the issue of the princely states, with their merger and absorption an integral part of the process. One of the problems with Naqvi’s statement is that the creation of new provinces does not provide any solutions, unless it is a variation on the Musharraf-era district governments, which used the district as the basis of power devolution, which devolved powers over the police, education, health and forests down to the district level. The main problem was that the new district governments proved to be greatly disliked by the politicians, who dismantled them when they came back. The fate of West Pakistan shows how resilient the old provincial units can prove. It should not be forgotten that the break-up of One Unit was a universal opposition demand, not some bright idea from the Yahya regime. Maqvi’s remarks may or may not be the signal for the government’s going, but it has revived a debate that can only take plac e after local governments have been implemented. However, that is another hornets’ nest the government has yet to tackle. The writer is a member of staff
The fate of West Pakistan shows how resilient the old provincial units can prove. It should not be forgotten that the break-up of One Unit was a universal opposition demand, not some bright idea from the Yahya regime. MaqviÊs remarks may or may not be the signal for the governmentÊs going, but it has revived a debate that can only take plac e after local governments have been implemented. However, that is another hornetsÊ nest the government has yet to tackle
Editor’s mail
August 5 was the seventh anniversary of India’ attempt to change the status of Kashmir
gion’s special status would strengthen national unity, improve governance, curb separatism, and accelerate economic development. Pakistan rejected the move, maintaining that no unilateral constitutional amendment could alter the disputed character of the territory under international law. Thus, what one state celebrated as constitutional integration, the other viewed as a violation of longstanding international commitments. The significance of August 5 therefore lies not merely in what changed legally but in what remained unchanged politically. The months following the decision witnessed extensive security deployments, communication blackouts, prolonged internet restrictions, political detentions, and limitations on public assembly. India defended these measures as temporary steps necessary to preserve law and order during a sensitive transition. Human rights organisations and several international observers expressed concern regarding restrictions on civil liberties, political participation, and freedom of expression. The debate that followed was not confined to South Asia. It became part of a broader international conversation about constitutional authority, democratic governance, and human rights in disputed territories. For Pakistan, Kashmir has consistently been presented as an issue of self-determination rather than merely one of territory. Islamabad maintains that the future of Jammu and Kashmir should be determined in accordance with the relevant United Nations Security Council resolutions and the wishes of the Kashmiri people. Every year, 5 February and 5 August become occasions to reiterate this diplomatic position and to remind the international community that the dispute remains unresolved despite changing political realities on the ground. Yet perhaps the greatest tragedy of Kashmir is that diplomatic narratives often overshadow the people themselves. Behind constitutional debates and geopolitical rivalry live millions whose daily lives have been shaped by uncertainty for generations. Families remain divided
Friday, 7 August, 2026
across the Line of Control. Young people have grown up amid recurring political crises, interrupted education, economic disruption, and cycles of violence. While governments debate sovereignty and strategy, ordinary Kashmiris continue to bear the human consequences of one of the world’s longest unresolved conflicts. Any discussion of Kashmir that ignores this human dimension risks reducing a profoundly complex political question to little more than competing diplomatic positions. The international community has responded cautiously. India’s growing economic influence and strategic importance have encouraged many states to favour restraint over active engagement. Calls for dialogue continue, but sustained international diplomacy has remained limited. Such caution may be understandable in an increasingly complex geopolitical environment. It is, however, no substitute for conflict resolution. History demonstrates that unresolved disputes rarely disappear because the world becomes distracted. They endure until their underlying political causes are addressed. The implications extend well beyond Kashmir itself. South Asia is home to nearly one-quarter of humanity, yet its enormous economic potential continues to be constrained by persistent strategic rivalry between India and Pakistan. Resources devoted to military preparedness are resources unavailable for education, healthcare, climate resilience, technological innovation, and poverty alleviation. The region cannot fully realise its promise while one of its most enduring political disputes remains trapped in diplomatic deadlock. State power may impose temporary order, but lasting peace rests on political legitimacy and public consent. Constitutions provide legal frameworks, not political closure. Durable settlements emerge through dialogue, accommodation, and inclusion rather than unilateral declarations of finality. As another anniversary of 5 August is observed, one question remains. Has Kashmir truly been settled, or has the dispute merely entered a new phase? Seven years on, the constitutional framework has changed, but the competing claims endure. The legal chapter may have been rewritten, yet history refuses a simple conclusion. The greatest illusion of 5 August 2019 was not that constitutional change was possible. It was the belief that constitutional change alone could settle one of the world’s most enduring political disputes. History has rarely been persuaded by legal finality when political questions remain unresolved. Kashmir stands as a reminder that while governments possess the power to amend constitutions, only a just, peaceful, and broadly accepted political settlement can bring genuine closure to history.
The writer has a PhD in Political Science, and is a visiting faculty member at QAU Islamabad. He can be reached at zafarkhansafdar@yahoo.com and tweets @zafarkhansafdar Islamabad – Ph: 051-2204545
I
Send your letters to: Letters to Editor, Pakistan Today, 4-Shaarey Fatima Jinnah, Lahore, Pakistan. E-mail: letters@pakistantoday.com.pk Letters should be addressed to Pakistan Today exclusively
Dam illusion
WHENEVER there are floods, we blame the government for not building enough dams and hear the same story of how dams could have prevented the destruction and helped us store water for the future. If dams could save countries from floods on their own, India, with a large number of dams, would not have suffered from the devastation of floods, that too repeatedly. Furthermore, the current flow of the floodwater is away from the proposed dam sites. Thus, the logic seems flawed. Dams can actually increase the intensity of floods. If there are a few or no dams, unhindered mediumlevel floodwater flows downstream to the sea, which is a vital phenomenon for delta stability and for keeping sea intrusion in check. Besides, the floodwater spreads to a wider area and loses its force. In contrast, accumulated floodwater in the dams, when released, has a devastating impact. The high outflow of water from Indian dams is a recent case in point. If India had constructed no or fewer dams, the floodwater would have flowed down slowly without causing massive damage in both Pakistan and India. As for water storage, experts believe that instead of dams, 500MAF of water beneath the Indus sand should be utilised. Called as geohydrological miracle, this source is spread over 3,500km. It can be tapped through pipeline with a fraction of the cost and time compared to the dams, and it can be used for drinking, agricultural and industrial purposes. Tarbela, Pakistan’s largest dam, has a water storage capacity of around 600MAF which has a time limit of 30 days. The groundwater, on the other hand, can last for years. Besides, dams need frequent desliting and other maintenance costs, whereas Indus groundwater is a natural phenomenon that would get automatically recharged from river flow. The government should explore this option. If found feasible, the government would be able to finally bury the dam controversy once and for all. GULSHER PANHWER
A gamble of alliances
JOHI
With global political tides swinging, Pakistan’s civil-military elite seems to be recalibrating its foreign policy compass towards the United States. From nominating Donald Trump for the Nobel Peace Prize twice to immediately endorsing his Gaza plan, Islamabad appears rather eager to find favour with a leader who actually values transactional alliances over traditional diplomacy. Along with diplomatic advances, offers of rare earth elements (REEs) and crypto investments appear to be plugging up any possible holes. The pivot comes as Pakistan’s geo-political stature has risen sharply and somewhat unexpectedly. While long considered conventionally subpar to India, the performance of Pakistan Air Force (PAF) during the conflict earlier this year has dramatically shifted the regional balance of power, boosting Islamabad’s relevance in the eyes of world powers. However, this newfound leverage has placed Pakistan at a dangerous crossroads. Policymakers must understand that transactional relationships never last long. Attempting to balance great powers — courting the US, while managing the deep-rooted alliance with China — is a walk on a knife’s edge. With a full-blown terrorism crisis on Pakistan’s western border, the country cannot afford to become a battleground for superpower rivalry once again. Pakistan desperately needs a long-term foreign policy, not a series of short-term, high-stake gambles. ABDULLAH ALI KARACHI
Web: www.pakistantoday.com.pk
I
Email: editorial@pakistantoday.com.pk
COMMENT 05
How Iran Emerged as Fourth Centre of Global Power Friday, 7 August, 2026
The war that went awry
T
QAMAR BASHIR
HE Iran war began with the expectation that overwhelming US and Israeli firepower would bring Tehran to its knees within days. Instead, the conflict has entered its sixth month. While the USA and Israel continue to claim tactical victories, Iran appears to be winning strategically. Political scientist Professor Robert Pape draws a clear distinction between tactical destruction and strategic success. He argues that Iran is winning because it retains decisive leverage over the Strait of Hormuz and has demonstrated its ability to threaten and disable US military installations throughout the region. Pape’s most provocative assessment is that the war is transforming Iran into a potential “fourth center of global power,” alongside the USA, China and Russia. His argument rests not on the number of aircraft, ships or military bases Iran possesses, but on Tehran’s demonstrated ability to absorb massive attacks, preserve its political system, continue retaliating and deny a superpower the achievement of its declared objectives. The underlying lesson is difficult to dismiss: a middle power has absorbed immense punishment while preventing the world’s most powerful military alliance from forcing it into submission. If Iran can withstand such pressure, the consequences for the credibility of American power become even more profound when one imagines a future confrontation with China, or with China and Russia acting together.
Ironically, as happened during an earlier phase when the USA reportedly faced shortages of critical weapons and ammunition, Washington has once again paused its attacks. Critics and analysts believe that this pause may not represent a genuine change of policy, but an attempt to gain time, replenish depleted stocks, complete military preparations and prepare for another escalation. Iran, meanwhile, has made the USA largely irrelevant to the discussions currently taking place between Tehran and Muscat. Iran has characterized these negotiations as bilateral talks with Oman concerning a mechanism for managing maritime passage through the Strait of Hormuz. This places Tehran at the centre of any workable arrangement, with Oman as its negotiating partner, while Washington remains outside the formal discussions and dependent upon regional mediators. The Gulf governments have also discovered the limitations of relying upon US military bases for their security. Those bases were established to deter aggression, project US power and reassure their host governments. Instead, they became magnets for Iranian missiles and drones. After witnessing their vulnerability, the Gulf states are now asking a disturbing question: if these US bases cannot defend themselves, how can they be expected to defend their host countries? This vulnerability helps explain why Gulf leaders reportedly pressed President Donald Trump to postpone further attacks on Iran. They understood that US strikes against Iranian power grids, desalination plants, oil installations and civilian infrastructure could invite retaliation against comparable facilities throughout the Arabian Peninsula. Nevertheless, concerns remain about President Trump’s intentions. Russian security officials have warned that Washington and Israel may be contemplating a ground operation under the cover of ceasefire diplomacy. According to this assessment, negotiations could be used to keep Iran and the wider region relatively calm while the Pentagon completes its military buildup. Widely circulated reports claim that more than 50,000 US troops, including approximately 2,500 Marines, over 1,200 per-
The USAÊs choice is no longer between victory and negotiation. It is between negotiated de-escalation and an expanding war in which every participant loses· even if Israel, at least for the moment, loses the least
sonnel from the 82nd Airborne Division and specialized forces, have been positioned in the region. The same reports cite hundreds of military aircraft and more than 20 naval vessels deployed near Iran. These figures have been presented by the analysts and outlets reporting the alleged preparations for a possible ground campaign. Pape describes the resulting US dilemma as an “escalation trap.” If Washington continues fighting, it risks further casualties, regional retaliation, economic disruption and horizontal expansion of the conflict. If it withdraws without achieving its declared objectives, it must acknowledge that overwhelming military force failed to produce political submission. Pressure for a ground intervention may therefore increase precisely because the air campaign has not delivered a decisive strategic outcome. The war has also reached American homes through economic disruption and, potentially, cyberspace. Federal investigators have examined cyberattacks against water systems in seven US states, with Iran reportedly among the suspected perpetrators. Representative Seth Moulton, a retired Marine and member of the House Armed Services Committee, described such an attack— if Iranian responsibility is established— as “an escalation of war.” He argued that Iran’s cyber capabilities were predictable and that Washington should have protected critical US infrastructure before entering a war against a state capable of retaliating through unconventional means. The verified domestic economic damage is already serious. A Reuters/Ipsos survey placed Trump’s approval rating at 35 per-
cent, near the lowest point of his presidency. US gasoline prices have risen by more than 25 percent since the war began, while Democrats have moved narrowly ahead of Republicans on the question of economic management. The World Bank has reduced its projected global growth rate for 2026 from 2.9 percent to 2.5 percent, citing the Middle East conflict, rising energy prices, inflation and higher borrowing costs. The European Central Bank has similarly reported that the war has depressed household confidence and consumption across the eurozone. Thus, countries that neither initiated nor participated in the conflict are nevertheless being forced to pay its economic price. Washington must therefore confront the question it has repeatedly avoided: whose strategic objectives is the USA now serving? Benjamin Netanyahu spent decades warning against Iran and pressing successive US administrations to dismantle its nuclear, missile and regional capabilities. Israel initiated the confrontation that Washington subsequently embraced, yet the USA now carries much of its military, economic, diplomatic and political burden. Meanwhile, Netanyahu’s government continues its operations in Gaza, entrenches Israeli control in the West Bank and pursues its objectives in southern Lebanon. As the USA remains consumed by the Iran war and the Strait of Hormuz crisis, Israel continues advancing the territorial and ideological objectives associated by its critics with the project of a “Greater Israel.” The International Criminal Court has issued arrest warrants alleging that Netanyahu and former Israeli defence minister Yoav Gallant bear criminal responsibility for war
iran, Oman move to finalize new Hormuz shipping corridor
F
An informed source says agreement with Oman does not mean the opening of the Strait of Hormuz TEHRAN TIMES MAHMOUD M. RAVI-NEJAD
ACING dwindling strategic resources after months of military confrontation with Iran, the United States has increasingly pinned its hopes on negotiations between Tehran and Muscat to secure the future of navigation through the Strait of Hormuz, one of the world's most strategically important maritime corridors. While Washington initially sought to address the issue through broader diplomatic arrangements following the 40-day conflict, the collapse of the Islamabad Memorandum has left the Iran-Oman channel as the principal avenue for any future settlement governing the Strait. The shift reflects a new geopolitical reality that has emerged following the conflict. Beyond the military costs of the war, the United States has reportedly seen significant depletion of both its missile stockpiles and strategic petroleum reserves, while the prolonged disruption of shipping through the Strait has intensified pressure from global energy markets and America's regional partners to restore maritime commerce. Against this backdrop, Washington has increasingly focused on supporting indirect diplomacy, allowing two neighboring states with direct
geographical sovereignty over the Strait— Iran and Oman—to negotiate a new framework for navigation. ECONOMIC SHOCKWAVES REINFORCE STRAIT'S STRATEGIC IMPORTANCE The urgency surrounding the negotiations has been reinforced by newly released international trade data. According to analysis published by the United Nations and the International Trade Centre (ITC), the disruption of shipping through the Strait has produced one of the most severe shocks to global commodity markets in recent years. Exports of liquefied natural gas (LNG) from economies dependent on the route have fallen by 95 percent, while urea exports have dropped 83 percent. Japan, which previously sourced more than 90 percent of its crude oil imports through the region, has experienced a 64 percent decline in imports despite efforts to diversify suppliers. The figures suggest that alternative supply chains have failed to fully offset losses originating from the Persian Gulf, underscoring the global consequences of prolonged instability in the Strait of Hormuz. IRAN-OMAN TALKS REACH CRITICAL STAGE Iranian and Omani negotiators are now believed to be in the final stages of discussions over a memorandum of understand-
ing that would establish new shipping arrangements for the waterway. Iranian Foreign Ministry spokesman Esmaeil Baqaei has said the negotiations focus on ensuring safe maritime navigation while preserving the sovereign rights and security interests of both countries. According to informed Iranian sources, the proposed agreement goes beyond simply defining new navigation lanes. Tehran has reportedly insisted that once the new maritime corridor is formally incorporated into the memorandum, subsequent negotiations should also establish mechanisms governing maritime management, security coordination and navigational services. Iranian officials view these issues as inseparable from the country's sovereign rights over one side of the strategically vital waterway. WASHINGTON WATCHES FROM THE SIDELINES Although the negotiations are formally being conducted between Iran and Oman, Western media reports indicate that the United States remains closely engaged in developments. Reuters reported that the draft framework under discussion could allow Iran to oversee vessels entering the Persian Gulf through designated shipping lanes while negotiations continue over outbound traffic. The Financial Times similarly reported
that the White House has closely monitored progress through Omani mediation, with Washington increasingly viewing the IranOman channel as its best opportunity to reduce tensions after the failure of previous diplomatic initiatives. According to the newspaper, the Trump administration now faces a narrowing range of options after months of conflict failed to produce its broader strategic objectives. Analysts quoted by the publication argued that Washington is effectively seeking to restore commercial navigation through the Strait while adapting to a regional balance that has shifted in Iran's favor. Meanwhile, The Daily Telegraph reported that one proposal under discussion could see European governments bear part of the financial burden associated with future maritime safety and navigational services linked to reopening commercial shipping, highlighting Europe's growing interest in stabilizing global energy supplies. US PRESSURE CONTINUES TO COMPLICATE NEGOTIATIONS Despite progress, Iranian officials maintain that outside interference remains the principal obstacle to concluding an agreement. According to informed Iranian sources, repeated U.S. threats and continued military pressure have complicated negotiations and delayed the finalization of the memorandum. Officials stress that Tehran will not conclude any agreement while ne-
crimes and crimes against humanity. The warrants have intensified demands that Netanyahu be held legally accountable for Israel’s conduct in Gaza. New York Mayor Zohran Mamdani has acknowledged that his city lacks the independent legal authority to execute the ICC warrant. He has therefore called upon the federal government to arrest Netanyahu if the Israeli prime minister enters the USA. Tucker Carlson has amplified Mamdani’s broader argument, declaring that Netanyahu has become a liability to both Israel and the USA and that Washington’s “blank cheque” policy must end. Carlson has urged other US politicians to show similar courage and reconsider a relationship in which US taxpayers finance Israeli policies while the USA bears the military, diplomatic and economic consequences. Mamdani’s intervention expresses a widening demand for accountability: an alliance must not mean immunity, and friendship must not require one country to inherit another government’s wars. In this interpretation, Netanyahu’s removal or prosecution would not by itself resolve every regional dispute, but it could remove a major driver of continuing escalation. The USA’s choice is no longer between victory and negotiation. It is between negotiated de-escalation and an expanding war in which every participant loses— even if Israel, at least for the moment, loses the least.
The writer retired as Press Secretary the President, and is former Press Minister at Embassy of Pakistan to France and former MD, Shalimar Recording & Broadcasting Company Limited
gotiations are conducted under 'coercion or military intimidation.' Islamic Republic of Iran Broadcasting (IRIB), citing an informed source, also emphasized that the Iran-Oman negotiations concern only bilateral arrangements governing navigation through the Strait and should not be interpreted as an agreement to immediately reopen the waterway. The source added that any future implementation would remain contingent upon broader security conditions, arguing that continued U.S. actions could prevent the Strait from returning to normal commercial operations regardless of progress in bilateral talks. Iran has proposed expanding future negotiations with Oman to cover the management, security and maritime services of the Strait of Hormuz after the two sides finalize a new shipping corridor, a knowledgeable source told the Tehran Times. According to the source, Tehran has insisted that once the new route is formally incorporated into the planned memorandum of understanding, subsequent negotiations should establish comprehensive arrangements governing the management, security and maritime services associated with the strategically important waterway. The source said the negotiations began during the final days of the 40-day war and have now entered what appears to be their final stage. Omani authorities are currently conducting consultations on the proposal, the source added, noting that despite opposition from extra-regional actors, the likelihood of including such provisions in the prospective agreement has increased, subject to further negotiations between the two sides.
saTire
‘I
White House aides voluntarily sh*t themselves to camouflage Trump odour NEWS BISCUIT NICKB
F everyone smells the same, then nobody can point the finger at the President. That’s why I’m willing to soil my underpants at work if it means distracting olfactory attention away from POTUS odour,’ said one White House Official who preferred not to be named. ‘ It doesn’t matter if the Oval office smells like shit if it helps Make America Great Again. A whole bunch of us are doing the same and we regard it as an honour to dispel communist myths that the president is incontinent. Who cares about dry-cleaning bills?’ Another said ‘despite a change to my diet I still find it hard to move my bowels to order, even when being shouted at by Pete Hegseth.’ She continued: 'I do find I can help matters along by powerfully breaking wind, to direct attention away from Mr Trump's trousers, although noise control can be an issue during his
speeches. ‘It’s what you might call an ‘I am Fartacus’ moment.’ It’s understood that the Republican bowel movement is taking hold outside the White House, with Republicans around Washington with no access to the President joining in the new fashion, though some say the self-sh*tting is the result of falling Republican poll numbers and the prospect of poor showing in Mid Terms.
Muppets to replace Infantino as head of FIFA NEWS BISCUIT ROGT
Following their bravura appearance at the World Cup Final – which included Animal making out with Madonna off-camera – FIFA has confirmed that its current head, Gi-
anni Infantino, is to be replaced by Kermit the Frog and Miss Piggy from the Muppet Show. Infantino’s position had become untenable after his scheme to sell stakes in the World Cup to private investors met with widespread criticism. It is the first time the organisation has had shared leadership and the first time the body has been co-led by a female. It is also, of course, the first time the organisation has been led by a frog and a pig. Infantino said: “I am stepping down with my head held high because FIFA has just delivered the most profitable World Cup ever. I wish the Muppets the best of luck. People have been saying for years that FIFA has been run by a bunch of muppets. We decided to make it official.” Kermit said: “Thank you Mister Giannibarmy Infantileideaseweezy. If you’re stuck for what to do now, Miss Piggy’s stye always needs cleaning. How’d you like to buy a stake in that?” Other members of the much-loved TV show and movies are expected to be given senior positions to be announced in due
course. Statler and Waldorf, the two grumpy old guys in the box who heckle performers and gripe at each other, are expected to be offered roles as Directors of International Out-
reach. “Hey Walt. International Outreach eh? Last time you reached out they closed that Strait of Hummus again…” “Well if it was you Stats, it’d be the Strait of Hernia…”
06 newS
IRAN THREATENS TO 'BLACK OUT' GULF IF POWER PLANTS HIT BY US: OFFICIALS
I
TEHRAN
AGENCIES
RAN on Thursday warned that it would "black out the entire region if the United States struck its power plants," intensifying its threats towards its Gulf neighbours from last week, two officials tell AFP. Earlier, US President Donald Trump warned of a massive attack against Iran, which he later walked back over the weekend, citing requests from Saudi Arabia, the UAE and Qatar and hope for a breakthrough in talks. “Iran threatened to black out the Gulf, country by country, if Trump attacked its power plants,” a Gulf official tells AFP, with another regional official confirming the messaging. Both spoke on the condition of anonymity to discuss sensitive matters. Saudi defence ministry announces appointment of commander leading maritime defence coalition The Saudi defence ministry on Thursday
appointed a commander who will lead a maritime coalition comprising Gulf countries. “The Ministry of Defence of the Kingdom of Saudi Arabia announces the appointment of Rear Admiral (Staff) Abdullah bin Salem Al-Shahri as the Coalition Commander,” according to the statement. “This represents a key step in advancing the coalition’s institutional development and enhancing its operational readiness,” it added. The statement further stated that “this appointment reflects the commitment of the founding states to completing the coalition’s leadership structure, thereby strengthening its readiness to carry out its defensive missions in support of maritime security, protecting freedom of navigation, securing maritime routes and strategic straits, and safeguarding international trade and global supply chains within the coalition’s area of responsibility, in accordance with its charter and the provisions of international law.” The coalition is set to hold a planners’ meeting from August 12-13 to complete the “remaining institutional requirements”.
Iranian army maintains 'full operational readiness' despite US, Israel wars: spokesperson The Iranian Army remains in "full operational readiness" despite "two wars imposed by enemies", army spokesperson Brigadier General Mohammad Akraminia said. IRNA reported that according to a statement published by the army on Thursday, Akraminia said that damaged systems have been modernised, new equipment has entered service, and efforts to strengthen combat capability were ongoing. He said preserving combat readiness is not limited to acquiring equipment, adding that recent improvements have been based on a combination of measures, including rebuilding and upgrading existing systems, introducing new equipment, expanding domestic capabilities and reinforcing personnel morale. According to IRNA, Akraminia said a large part of combat capability depended on the modernisation and restoration of damaged or worn-out systems, adding that the army is pursuing reconstruction and upgrad-
ing programs through its own engineering and technical expertise. “This process is not merely a technical operation, but part of the country’s broader defence strategy to preserve deterrence and
Xi underscores sci-tech innovation to advance China's modernization BEIJING STAFF CORRESPONDENT
Scientific and technological modernization is key to Chinese modernization, with the 15th Five-Year Plan period (2026–2030) marking a critical stage in China's drive to become a global science and technology powerhouse. Since the beginning of the year, Chinese President Xi Jinping has made a series of major decisions and policy measures centered on scientific and technological innovation, accelerating efforts to achieve greater self-reliance and strength in science and technology as the country embarks on the 15th Five-Year Plan period. Building China into a leading science and technology powerhouse and achieving high-level self-reliance in science and technology by 2035 are strategic goals set by the 20th National Congress of the Communist Party of China. The extent of scientific and technological breakthroughs largely determines the speed, breadth and depth of the development of future industries, Xi said at a meeting at the beginning of this year. During an inspection tour of the National Information Technology Application Innovation Park in Beijing's E-Town (Yizhuang) area on February 9, Xi reviewed developments in information
technology innovation and examined exhibitions showcasing advances in artificial intelligence (AI) and robotics. He said that self-reliance and strength in science and technology are the keys to building China into a great modern socialist country, calling for the integration of high-quality innovation resources to tackle core technologies and accelerate efforts to overcome key bottlenecks in pursuit of the country's strategic goals. On July 8, at a meeting in Beijing that brought together the National Sci-
ence and Technology Award Conference, the general assemblies of the members of the Chinese Academy of Sciences (CAS) and the Chinese Academy of Engineering (CAE) and the 11th National Congress of the China Association for Science and Technology, Xi described the country's scientific and technological workforce as an important force in building a modern socialist country. He called on scientists and researchers to carry forward the tradition of serving the nation and benefiting the people and to make greater contributions
to China's goal of becoming a global science and technology leader. Strong international influence and leadership are hallmarks of a science and technology powerhouse. China is accelerating its transformation from a contributor to global scientific and technological development to a pioneer and leader, becoming one of the world's fastest-rising innovation hubs. On July 17, Xi attended the opening ceremony of the 2026 World Artificial Intelligence Conference and High-Level Meeting on Global AI Governance in Shanghai and delivered a keynote speech outlining China's vision for advancing global AI development and governance. He said that in China's view, all countries should take a people-centered approach and develop AI for the positive and for good. We should ensure that AI is an important driver for shared prosperity and common security. We should join hands to build a just and equitable system for global AI governance. With the joint efforts of all parties, the World AI Cooperation Organization was officially established in Shanghai, marking a major milestone in the development of AI. At the conference, Xi also announced a series of major initiatives to support global AI development, underscoring China's commitment as a responsible major country.
Spain eclipse offers scientists a rare look at Sun’s hidden layers SPAIN
AGENCIES
Scientists are preparing to use next week’s total solar eclipse over northern Spain to study the Sun’s magnetic field, outer atmosphere and solar weather, in a brief observing window they say could sharpen efforts to understand and predict disruptive solar activity. The eclipse on August 12 will last one minute and 40 seconds, giving researchers a rare chance to examine parts of the Sun that are usually obscured by its intense brightness. Allan Sacha Brun, an astrophysicist at France’s Atomic Energy Commission, said, "Our work aims to understand the physical mechanisms underlying the Sun's activity." He added that scientists are building models to explain solar behaviour and "to put the Sun back into context within its evolutionary timeline, from its birth to its death". FOCUS ON STORMS, WINDS AND THE CORONA The Sun constantly emits matter and charged particles, and at times releases
major solar storms that hurl plasma and other material into space. When that material hits Earth’s magnetic shield, it can disrupt satellites, endanger astronauts and produce auroras in northern and southern skies. Brun said these events follow an 11-year cycle and that "in 2024, the Sun reached the peak of its 25th cycle". His team plans to focus on the corona, the Sun’s outermost atmospheric layer, which extends 10 million kilometres into space and is a million times fainter than the photosphere, the visible surface. Even so, the corona can reach temperatures of up to two million degrees Celsius. Brun said, "We're incredibly lucky: the Moon is 400 times smaller than the Sun — but it's also 400 times closer to us," allowing the Moon to block the Sun’s glare while still exposing activity in its atmosphere. Unlike satellite observations using a coronagraph, a total eclipse can also offer a glimpse of the chromosphere, the layer between the photosphere and the corona.
TESTING MODELS WITH A NATURAL ECLIPSE Scientists at the European Space Agency also plan to analyse the eclipse as they seek a better understanding of solar winds and storm behaviour. Carole Mundell, the ESA’s director of science, said researchers want to know, "Why do solar storms propagate in this way? What are their structures, and can we develop models that allow us to predict them?" The agency’s Solar Orbiter mission, launched in 2020, has been collecting data on the Sun’s atmosphere and wind. Miho Janvier, the mission’s co-principal
investigator, said eclipses offer a way to "test just how good our models are — or how bad". ESA is also working on Proba-3, which is using three spacecraft flying in synchronised formation to generate artificial mini-eclipses. Another planned mission, MESOM, aims to send a spacecraft into the Moon’s shadow for a longer view of the same phenomenon. Lucie Green, a solar physicist at University College London working on that mission, said total solar eclipses were "inspirational for everybody, artists and scientists alike" and added, "What we see on the Earth is inspiring what we want to do in our space science research." LONG SCIENTIFIC TRADITION Total eclipses have previously helped produce major scientific breakthroughs. During the eclipse of May 29, 1919, British astronomer Arthur Eddington observed stars made visible as the Sun’s light was blocked from Principe, an island off West Africa, confirming Albert Einstein’s theory of relativity through gravitational lensing.
Friday, 7 August 2026 | kArAChi
increase rapid-response capability,” he said. The spokesperson said the introduction of new equipment has enabled the army to reorganise its weapons and military systems in line with current operational needs.
Iran, Oman reach understanding on Hormuz Strait reopening deal, media reports TEHRAN
AGENCIES
Iran and Oman have reached an understanding on the outlines of an agreement to reopen the Strait of Hormuz for 60 days, Saudi-based Al Hadath news channel and Al Arabiya news channel reported Thursday, both citing high-ranking sources. Vessels entering the strait will use a route close to Iran, while those leaving will take one close to Oman. No transit fees or service charges will be imposed, and regional parties may participate in demining and technical procedures, the sources said. The sources said the agreement, which still needs approval by Iran's Supreme National Security Council and could be announced within days, aims to resume navigation in the waterway. Following the agreement's approval, the United States and Iran will return to their peace memorandum of understanding (MoU) and activate Paragraph 5 concerning the reopening and safe navigation of commercial shipping through the strait, the sources said. Indirect contacts between Iran and the United States remain through mediators and have entered their final stage, the sources added. Iran tightened its grip on the strait on February 28, barring safe passage of vessels belonging to or affiliated with Israel and the United States following their joint strikes on Iranian territory. In June, Iran and the United States signed the MoU on ending the war on all fronts, including Lebanon. The two sides were scheduled to hold negotiations within a 60-day period to reach a final agreement, but recent escalation in the region has left the talks' fate uncertain.
SHINE Humanity Trains Teachers to Promote Health in Schools across Sindh KARACHI
STAFF REPORT
Pakistan, August 6, 2026: SHINE Humanity, under its Healthy Schools Initiative, conducted a threeday training of teachers in August 2026, bringing together 20 government school teachers from Government Boys Primary Cluster School and Government Girls Cluster School, Gharo. The training included 9 female and 11 male participants. The initiative is designed to promote healthier futures by equipping students in rural communities with essential knowledge about hygiene, nutrition, disease prevention, and overall wellbeing. Currently being implemented as a pilot project in District Thatta, the initiative has plans to expand to other areas of Sindh. The program delivers age-appropriate health education to primary and secondary students while also engaging teachers, parents, and school management committees.
China urges effective governance of emerging technology to fight terrorism UNITED NATIONS
STAFF CORRESPONDENT
A Chinese envoy on Wednesday called for stronger international governance of emerging technologies to fight terrorism. Addressing the UN Security Council, Sun Lei, the charge d'affaires of China's Permanent Mission to the United Nations, said terrorist groups are increasingly using the Internet, artificial intelligence, drones and other emerging technologies for incitement, recruitment, financing and attacks, posing new challenges to global counterterrorism efforts. He urged the international community to improve risk assessment and regulatory frameworks and prevent "the 'three forces' of violent terrorism, ethnic separatism and religious extremism from exploiting emerging
technologies to spread and infiltrate." Sun also called for greater support for developing countries through technology transfer, training and information-sharing to strengthen their counter-terrorism capabilities. Reaffirming that terrorism remains a serious threat to international peace and security, Sun said the international community should uphold cooperation, reject the politicization of counter-terrorism and strengthen coordinated action. Stressing the need to address terrorist threats in Syria and Afghanistan, he urged Syria's transitional government to take firm action against all terrorist organizations listed by the Security Council, including the East Turkestan Islamic Movement. Sun called on the Afghan authorities to fulfill their counter-terrorism
commitments and prevent the country from becoming a base for terrorist activities again. The Chinese envoy also expressed concerns over the security situation in Africa's Sahel region, calling for stronger international support in border management, intelligence-sharing and capacity building while respecting the sovereignty of regional countries. He said the United Nations should deepen cooperation with the African Union and advance development to tackle the root causes of terrorism. Sun said China will continue to promote international counter-terrorism cooperation under frameworks including the United Nations, the Shanghai Cooperation Organization and BRICS, and work with all parties to combat terrorism in all its forms.
Friday, 7 August 2026 | KARACHI
CORPORATE CORNER
Wafi Energy invests in Pakistan’s energy storage and inaugurates new motor gasoline tank at Tarru Jabba
PESHAWAR STAFF REPORT
Wafi Energy Pakistan Limited inaugurated a 7.4 million litre motor gasoline storage tank at its Tarru Jabba terminal in Nowshera, Khyber Pakhtunkhwa. This newly constructed facility expands Pakistan’s fuel storage infrastructure and marks company’s latest investment in Pakistan's energy industry.As Pakistan's energy needs continue to grow, this new storage tank strengthens reliability of fuel supply for customers, including on major travel routes to the country's tourism destinations. The inauguration ceremony was attended by representatives from the Oil and Gas Regulatory Authority (OGRA), led by Sohail Ahmed Tariq, Senior Executive Director (Enforcement), OGRA, alongside Wafi Energy Pakistan's team.Zubair Shaikh, Chief Executive Officer, Wafi Energy Pakistan, said, “Since 1947, this company has been serving Pakistan. I am proud of the team that built this tank and brought it into service. Pakistan's demand for fuel keeps growing and we are continuing to invest in energy security for the country.
New Standard Chartered report highlights opportunities to strengthen Islamic finance connectivity KARACHI
STAFF REPORT
A new Standard Chartered report highlights significant opportunities to strengthen Islamic finance connectivity across South Asia by better linking liquidity-rich markets with economies seeking long-term investment, reinforcing the growing role of cross-border Islamic finance in supporting regional trade, infrastructure and economic development.According to Islamic Banking for Financial Institutions: The Islamic Finance Connector Era, Islamic finance assets now total approximately USD 6 trillion across nearly 100 jurisdictions. As global trade patterns evolve and investment increasingly flows through regional corridors, Islamic finance is emerging as a strategic connector of capital, trade and digital infrastructure.The report identifies South Asia as one of the regions with significant untapped potential to attract greater Islamic capital, highlighting opportunities to strengthen crossborder connectivity between liquidity-rich markets and economies seeking long-term investment. These findings are particularly relevant for Pakistan, where expanding Islamic finance corridors with the GCC and other high-growth markets can help facilitate greater investment, support trade and unlock new opportunities for long-term economic development.“Islamic finance is becoming a critical enabler of cross-border connectivity. As its role in facilitating trade, investment and capital flows continues to grow, financial institutions must place Islamic finance firmly on their strategic agenda,” said Khurram Hilal, CEO, Group Islamic Banking, Standard Chartered.
MCB Delivers Resilient Half-Year Performance, Declares a Second Interim Cash Dividend of 90%
NEWS 07 CM MARYAM REJECTS BOTTLED WATER CHARGES, VOWS FREE SAFE DRINKING WATER FOR EVERY CITIZEN
P g
PUNJAB CM SAYS ACCESS TO CLEAN DRINKING WATER IS A FUNDAMENTAL RIGHT, NOT A PAID SERVICE LAHORE
SALEEM JADOON
UNJAB Chief Minister Maryam Nawaz on Thursday rejected “an initial proposal” to impose charges on bottled drinking water, reaffirming that access to safe drinking water is a fundamental right of every citizen and vowing that the Punjab government would continue providing clean drinking water as a public service, particularly in areas where potable water remains unavailable. "Wherever clean drinking water is not available, bottled water will be delivered under all circumstances as provision of clean drinking water at people's doorsteps remains the commitment of the Punjab government," CM Maryam Nawaz declared. Chairing a special meeting on the Punjab Saaf Pani Authority, the chief minister reviewed the progress of the ongoing bottled drinking water pilot project and directed that daily progress reports be submitted for the four participating districts. She also instructed the deputy commissioners of Bahawalpur, Rahim Yar Khan and Khushab to obtain public feed-
back on the initiative and assess the daily demand for clean drinking water in their respective districts. The meeting reviewed proposals to deliver clean drinking water to households through water tankers. Participants were informed that construction of 864 water filtration plants had commenced across various districts of Punjab, while work on an additional 1,913 filtration plants would begin shortly.
Under the pilot project, 10,000 bottles of 19-litre clean drinking water are being supplied free of charge in four districts. The chief minister directed the authorities to complete 1,886 water filtration plant projects across Punjab at the earliest to expand access to safe drinking water. The meeting also reviewed recommendations for establishing 670 bottled drinking water plants across the province. Of these, 335 plants will each have a pro-
Media must hold fake news, propaganda peddlers accountable: Azma LAHORE
STAFF REPORT
Punjab Minister for Information and Culture Azma Bokhari on Wednesday called for collective efforts to curb fake news, digital misinformation and character assassination, urging media organisations to strengthen self-regulation and uphold professional journalism to safeguard the credibility of the profession and protect the national interest. Describing journalism as a sacred, responsible and dignified profession, the minister said that anyone spreading lies and propaganda on YouTube may be a YouTuber but cannot be called a journalist. She stressed that curbing fake news and baseless allegations had become an urgent necessity, adding that character assassination could never be equated with freedom of expression. She maintained that while Pakistan enjoys extraordinary freedom in the digital media landscape, such freedom must be exercised responsibly. She urged media organisations to identify the "black sheep" within their ranks and establish effective self-accountability and disciplinary mechanisms so that falsehood is exposed and truth is upheld. She emphasized that not everyone carrying a mobile phone and microphone qualified as a journalist, observing that a true journalist had no political leader but remained committed solely to the profession. She further said that individuals operating from abroad and spreading anti-Pakistan propaganda were undermining the credibility of journalism, adding that those earning dollars through falsehoods should not be glorified as celebrities. Reaffirming the Punjab government's commitment to the welfare of journalists and the promotion of responsible journalism, she said the
provincial government would continue extending its full support to the media community. She expressed these views while addressing a ceremony organised by the Council of Pakistan Newspaper Editors (CPNE). Director General Public Relations Sheikh Farid Ahmed, CPNE President Kazim Khan, Senior Vice President Ayaz Khan, Secretary General Ghulam Nabi Chandio, Deputy Secretary General Tanveer Shaukat, Finance Secretary Arif Baloch, Information Secretary Munazza Seham, Vice President Punjab Mian Hassan Ahmed, Vice Presidents Islamabad/Rawalpindi Shakeel Ahmed Tarabi and Yahya Khan Sadozai, Joint Secretary Sindh Maqsood Yousafi, Joint Secretary Balochistan Munir Ahmed Baloch, Vice President KP Tahir Farooq, along with CPNE members Hamid Hussain Abidi, Ejaz-ul-Haq, Irshad Arif, Abdul Khaliq Ali, Waqas Tariq, Bashir Memon, Muhammad Akmal Chaudhry, Sher Muhammad Khawar, Mahmood Alam Khalid, Hassan Nasir, Abdul Sami Mangrio, Abdul Salam Bath, Zulfiqar Ahmed Rahat, Muhammad Owais Razi, Intizar Hussain Zanjani, Irfan Athar, Mian Muhammad Aslam, Shehzad Hussain, Nawaz Tahir, Usman Ghani Saifi, Shehzad Amin, Mumtaz Ahmed Sadiq and other distinguished members attended the event.
Unilever Pakistan Hosts Competition Commission of Pakistan for Employee Training on Competition Law
Azma Bokhari said the government, in consultation with the journalist community, was reviewing the definition of a journalist, media accreditation, media lists and newspaper-related matters to make the entire system more transparent, credible and effective. She added that a committee had already been constituted to carry out the exercise. She said that if media organisations developed effective self-regulatory mechanisms and took action against those spreading fake information, there would be little need for stricter legislation or government intervention. She urged media bodies to establish internal disciplinary committees and ensure action against individuals violating professional ethics. The minister observed that news published in the print and electronic media passes through multiple stages of verification before publication or broadcast, whereas unverified content is circulated freely on social media, causing harm to individuals, institutions and the national interest. She emphasized that freedom of expression carries responsibility and that baseless allegations and character assassination could never be justified in the name of free speech. She said the national interest must always take precedence, adding that organised anti-Pakistan propaganda from abroad was being promoted under the guise of journalism.
An Ode to Masters Exhibition at Studio Sarai wherein Commissioner Inland Revenue was special guest
duction capacity of 5,000 litres, while the remaining 335 plants will each produce 10,000 litres of clean drinking water. A proposal was also presented to establish 4,020 distribution points for the supply of bottled drinking water throughout Punjab. The meeting was informed that 860 bottles of clean drinking water are being supplied daily in Khushab, 780 bottles in Rahim Yar Khan, 1,500 bottles to remote areas of Koh-e-Suleman in Dera Ghazi Khan, and 2,780 bottles in remote areas of Bahawalpur. To ensure uninterrupted supply, CM Maryam Nawaz directed that the number of trucks transporting clean drinking water be increased. Reiterating her government's commitment, she said providing clean drinking water at people's doorsteps remained one of the Punjab government's foremost priorities, adding that every citizen had the right to safe and clean drinking water. "Wherever clean drinking water is not available, bottled water will be delivered under all circumstances," she reiterated. The chief minister observed that it was deeply painful to see people—particularly women and the elderly—forced to carry water on their heads. She termed it regrettable that many drinking water plants across the province were not fully functional.
COMSATS University Islamabad and Helping Hand for Relief and Development Sign Strategic MoU
ISLAMABAD STAFF REPORT
COMSATS University Islamabad (CUI) and Helping Hand for Relief and Development (HHRD), an international humanitarian and development organization, today signed a Memorandum of Understanding (MoU) to establish a strategic partnership aimed at promoting youth empowerment, skills development, volunteerism, and community welfare. The signing ceremony, held at CUI's Islamabad Campus, was witnessed by Rector CUI, Prof. Dr. Raheel Qamar, HHRD Country Director Mr. Saleem Mansoori, and Focal Person to Chairman Prime Minister's Youth Programme (PMYP), Dr. Robina Awan.The MoU provides a framework for long-term collaboration, bringing together CUI's academic and research strengths with HHRD's extensive experience in humanitarian and community development. Through this partnership, both institutions will undertake joint initiatives in youth leadership, volunteerism, humanitarian response, and capacity-building through trainings, seminars, workshops, internships, and community service activities.
Students highlight Kashmir issue at seminar GUJRAT
STAFF REPORT
The Student Services Centre at Hafiz Hayat Campus of the University of Gujrat organized a seminar on ‘Youm‑e‑Istehsal Kashmir’.Students from various UoG societies delivered speeches underscoring the day’s significance and voicing solidarity with the Kashmiri people.Assistant Director SSC Mian Khuram Irshad stressed the importance of Kashmir Exploitation Day, throwing ample light on the problems and hardships of the people in the Indian-occupied part of the valley, declaring “Kashmir banega Pakistan, insha Allah.”Shields were awarded to student speakers participating in the seminar.A large number of students and faculty members attended the seminar.
MCP Clarification ISLAMABAD
STAFF REPORT
LAHORE STAFF REPORT
MCB Bank Limited is pleased to announce its financial results for the half year ended June 30, 2026, reflecting resilient performance supported by strong fundamentals, disciplined execution, and balance sheet strength amid a challenging macroeconomic environment. The Board of Directors of MCB Bank, under the Chairmanship of Mian Mohammad Mansha, reviewed and approved the Bank’s financial statements for the half year ended June 30, 2026. The Board of Directors declared a second interim cash dividend of Rs. 9.00 per share (90%), taking the cumulative cash dividend for 2026 to Rs. 18.00 per share (180%). The consistent dividend payout underscores the Bank's strong capital position, prudent financial management, and unwavering commitment to delivering long term value to its shareholders. MCB reported a Profit Before Tax (PBT) of Rs. 55.1 billion and a Profit After Tax (PAT) of Rs. 26.5 billion, translating into Earnings Per Share (EPS) of Rs. 22.34.
KARACHI
KARACHI
STAFF REPORT
STAFF REPORT
Unilever Pakistan hosted the Competition Commission of Pakistan (CCP) at its Head Office for a dedicated training session on competition law, reaffirming its commitment to ethical business practices and regulatory compliance.The session brought together senior CCP officials to share insights on promoting fair markets and a transparent business environment. Employees received practical knowledge to strengthen a culture of integrity and compliance across the organisation.Amir R. Paracha, CEO, Unilever Pakistan, said: “Integrity is at the heart of everything we do. Continuous learning is essential to fostering a culture of accountability. We thank CCP for sharing its expertise on practices that promote fair competition.”
A grand group art exhibition titled “An Ode to the Masters” was organized at Studio Sarai to pay tribute to Pakistan’s great painters. The chief guest of the ceremony was Commissioner Inland Revenue, Nasir Janjua, who in his address said that the purpose of this exhibition is to honor the legendary names of painting in a memorable way. The exhibition showcased creative masterpieces by renowned artists including Mashkoor Raza, Iqbal Hussain, Wahab Jaffer, Ahmed Khan, Tassaduq Sohail, and Zulfiqar Ali Zulfi. The event was organized by Engineer Jimmy Fali, which participants described as an important effort to pass on Pakistan’s artistic heritage to the younger generation. Attendees remarked that such events not only keep the work of artists alive but also play a vital role in introducing the new generation to their cultural heritage.
Midas Communications Pakistan (Pvt.) Limited (MCP) has clarified that it is an independent communications agency with no association, affiliation, or relationship with any other company or business operating under a similar or identical name.In a statement on Thursday, Chief Executive Officer Nadeem Akbar said Midas Communications Pakistan, incorporated in 2000 and headquartered in Islamabad, has no connection with the directors, shareholders, management, employees, representatives, or agents of any such entity. He added that any business activities or legal proceedings involving such entities— including matters before the National Accountability Bureau (NAB) or any court, tribunal, regulatory authority, or government agency—are solely their responsibility and have no connection with Midas Communications Pakistan (Pvt.) Limited.He said MCP reserves all rights to take appropriate legal action in the event of misrepresentation, impersonation, or unlawful use of the company’s name, identity or credentials. Akbar advised clients, business partners, and the public to verify the identity of the company before entering into any business dealings or relying on representations made in the name of "Midas Communications Pakistan."
Friday, 7 August, 2026
PRAYER TIMINGS
IHC reserves verdict on PM ReaffIRMS PeoPle-To-PeoPle TIeS aS PTI pleas against PakISTan, CHIna RevIew bIlaTeRal CooPeRaTIon alleged solitary
NEWS
P
ISLAMABAD
SALEEM JADOON
RIME Minister Muhammad Shehbaz Sharif on Thursday reaffirmed the importance of strengthening Pakistan-China ties through enhanced peopleto-people exchanges, parliamentary engagement and political party interactions during a meeting with Chinese Ambassador Jiang Zaidong, while both sides reviewed bilateral cooperation and regional issues of mutual interest. During the meeting, Ambassador Jiang Zaidong handed over a letter from Chinese President Xi Jinping, conveying his appreciation for the prime minister's message on the occasion of the 105th anniversary of the founding of the Communist Party of China, according to a Prime Minister's Office news release. The prime minister highlighted the positive trajectory of Pakistan-China relations and underscored the importance of further promoting people-to-people contacts as well as exchanges between the political parties and parliaments of the two countries. The meeting also reviewed matters
FAJR SUNRISE
ZUHR
ASR MAGHRIB ISHA
5:25
1:30
5:45
4:40
relating to bilateral cooperation and exchanged views on regional issues of mutual interest. PM, President laud security forces for successful Radd-ul-Fitna III operations Meanwhile, Prime Minister Muhammad Shehbaz Sharif and President Asif Ali Zardari on Thursday paid glowing tribute to the security forces for successfully carrying out intelligence-based operations under Radd-ul-Fitna III in
HRCP, PfUJ criticise curbs on foreign media travel outside major cities ISLAMABAD
Kashmiris mark August 5 as Youm-e-Istehsal Kashmir ISLAMABAD AGENCIES
NEWS DESK
The Human Rights Commission of Pakistan (HRCP) and the Pakistan Federal Union of Journalists (PFUJ) have voiced alarm over new government rules requiring foreign media personnel to obtain prior permission before travelling beyond Islamabad, Lahore and Karachi for reporting assignments. Under the Foreign Media Facilitation Guidelines 2026, foreign journalists must secure a no-objection certificate from the information ministry to travel to any other city for producing “news content, story, video, film, documentary or social media content” for official use. In a statement issued on Wednesday, HRCP said the requirement that journalists seek state approval to report from large parts of the country sent “a chilling message: that critical reporting is unwelcome”. The commission said the policy would “invariably institutionalise bureaucratic control over news gathering and risk deterring independent reporting on matters of public interest” instead of facilitating journalism. The rights body also described the move as part of a wider deterioration in the media environment. It said this was “the latest in a growing pattern of restrictions on media freedom in Pakistan”, citing arbitrary curbs on reporting, increasing censorship, and legal and administrative obstacles that, in its view, had narrowed the space for independent journalism. HRCP urged the government to withdraw what it called restrictive measures and uphold constitutional and international commitments on freedom of expression.
Punjab Cabinet approves key security, transport and governance measures LAHORE
STAFF REPORT
Balochistan's Washuk and Mastung districts, in which 12 India-sponsored Fitnaal-Hindustan terrorists were killed. In separate statements issued by the Presidency and the Prime Minister's Office, both leaders commended the professionalism, courage and operational effectiveness of the security forces in eliminating the terrorists during two successful operations. President Asif Ali Zardari said the suc-
Punjab Chief Minister Maryam Nawaz on Thursday chaired the 36th meeting of the provincial cabinet, which approved a wide-ranging package of security, governance, development and administrative initiatives, while congratulating the Pakistan Muslim League-N (PML-N) leadership on its electoral victory in the Azad Jammu and Kashmir (AJK) elections. The cabinet was informed that kidnapping for ransom had been eliminated from the riverine (Katcha) belt for the first time in 30 years, with the crime rate in the area remaining zero since last November. To further consolidate peace in the region, the cabinet approved Rs1.1 billion for the procurement of weapons and protective equipment for police personnel deployed in the Katcha area. It also sanctioned a hard-area allowance for the force, relaxed rules for extending the martyrs’ package to police personnel serving there, and approved a special recruitment package for youth from Rajanpur’s Rojhan area. The chief minister also expressed pleasure over the successful holding of the first-ever cricket tournament in the Katcha belt. The cabinet was informed that under the "Apna Khet, Apna Rozgar" programme, allotment letters for 30,000 lots had been issued. A total of 171,000 applications were received, of which 60,000 applicants were declared eligible.
cessful actions against India-backed terrorists reflected the unwavering resolve, exceptional courage and professional competence of Pakistan's security forces. He said Fitna-al-Hindustan and its facilitators were enemies of Pakistan's peace, stability and progress, vowing that their nefarious designs would be defeated at all costs. The president reiterated the state's unwavering commitment to eradicating terrorism from every corner of the country and reaffirmed the nation's complete solidarity with the armed forces and law enforcement agencies safeguarding Pakistan's territorial integrity and the lives of its citizens. He also prayed for the eternal peace of the personnel who embraced martyrdom in the line of duty and for the speedy recovery of those injured during counterterrorism operations. "May Allah Almighty bless every corner of Pakistan with peace and stability, and grant our security forces success on every front," the president prayed. Prime Minister Shehbaz Sharif also lauded the security forces for their successful operations against Fitna-al-Hindustan terrorists in Washuk and Mastung, praising them for eliminating 12 terrorists during the intelligence-based actions.
Kashmiris in Indian Illegally Occupied Jammu and Kashmir (IIOJK) and members of the Kashmiri diaspora across the world observed August 5 as "Black Day", protesting India's 2019 decision to revoke the disputed region's special constitutional status and renewing calls for the restoration of its political and constitutional rights. According to the Kashmir Media Service (KMS), demonstrations, shutdowns and solidarity events were held in the occupied territory and across several countries to mark the seventh anniversary of New Delhi's decision to revoke Articles 370 and 35A, which had granted special autonomous status to Jammu and Kashmir. The move, approved by the Indian Parliament in August 2019, remains a point of contention, with
Pakistan maintaining that it contravenes relevant United Nations Security Council resolutions on the disputed territory. KMS reported that protesters in IIOJK observed a shutdown in several areas following a strike call by the All Parties Hurriyat Conference (APHC), while political leaders renewed demands for the restoration of Jammu and Kashmir's statehood and constitutional guarantees. According to the report, Indian authorities deployed thousands of police and paramilitary personnel across the occupied territory to prevent demonstrations. Despite the extensive security measures, protests were held at several locations across the Kashmir Valley. The media service said leaders and legislators of the Jammu and Kashmir National Conference (JKNC) marched from Anantnag to Udhampur, while Peoples Demo-
cratic Party (PDP) chief Mehbooba Mufti led a torchlight procession and sit-in protest in Srinagar. Demonstrators also demanded the release of Kashmiri political detainees. KMS further reported that members of the Indian National Developmental Inclusive Alliance (INDIA) staged a protest outside the Indian Parliament in New Delhi, urging the restoration of Jammu and Kashmir's statehood. According to the report, lawmakers from the JKNC, Congress and other opposition parties reiterated calls for restoring the region's constitutional and democratic rights. KMS quoted Mirwaiz Umar Farooq as describing August 5 as "a bitter reminder of the disempowerment of the people of Jammu and Kashmir," while reaffirming that Kashmiris remained committed to safeguarding their identity and fundamental rights.
US sees scope for deeper agricultural technology partnership with Pakistan ISLAMABAD
STAFF REPORT
The United States on Thursday underscored significant opportunities to deepen cooperation with Pakistan in agricultural technology, saying the adoption of American innovation could help modernise the country's agriculture sector while expanding bilateral trade, investment and long-term commercial partnerships. The remarks were made by US Chargé d'Affaires Natalie A. Baker during a Direct Line webinar organised by the Business Council for International Understanding (BCIU) in collaboration with the US Embassy in Islamabad, the US Department of Commerce and the Government of Pakistan. The virtual event brought together American companies and investors, senior Pakistani government officials and representatives of the agriculture sector to discuss avenues for strengthening bilateral cooperation in agricultural technology and agribusiness. Addressing the participants, Baker said Pakistan's drive to modernise its agriculture sector presents promising opportunities for American companies to introduce cutting-edge technologies and expertise. "American agricultural inno-
vation can help advance Pakistan's efforts to modernise and integrate technology into its agricultural sector while creating new commercial opportunities for both countries," she said. Describing agriculture as one of the cornerstones of Pakistan's economy, Baker noted that the sector contributes nearly onequarter of the country's gross domestic product (GDP) and supports the livelihoods of millions of people. She said American companies possess decades of experience and advanced technologies that could support Pakistan's agricultural transformation in areas such as precision farming, advanced irrigation systems, digital farm management, cold-chain logistics and post-harvest technologies. "American companies are well positioned to bring their expertise, technologies and decades of practical experience to the table," she said, adding that modern technologies could significantly enhance productivity while promoting efficient use of natural resources. The US diplomat said the webinar formed part of the US Mission's broader strategy to strengthen economic cooperation and expand commercial engagement with Pakistan. Highlighting growing bilateral trade, Baker noted that US agricul-
tural and related exports to Pakistan exceeded $1.5 billion in 2025, reflecting the importance of agricultural trade in the broader economic relationship. During the webinar, Pakistani officials outlined policy and regulatory measures aimed at facilitating increased imports of American agricultural products, including soybeans, cotton and planting seeds, while encouraging greater US investment across the agricultural value chain. They also invited American companies to explore opportunities in farm mechanisation, controlled-atmosphere storage, food processing, seed development and agricultural biotechnology. Baker said US investment offered benefits beyond trade by promoting technology transfer, capacity building and long-term partnerships with local businesses. "When American companies bring innovative technologies to new markets, they share knowledge, train local partners, create lasting business relationships and contribute to sustainable economic growth," she observed. The webinar also served as a precursor to the US Department of Commerce's Certified Agricultural Technologies Trade Mission to Pakistan, scheduled to take place from October 26 to 30, which will be led by the BCIU.
ISLAMABAD
Former prime minister and Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan's sons, Kasim Khan and Sulaiman Khan, have voiced fresh concerns over their father's health, alleging that family members, lawyers and personal doctors have been denied access to the jailed former premier for several months, claims the government has strongly rejected. In an interview with CNN aired on the third anniversary of Imran Khan's imprisonment, the brothers said they had not seen their father since November 2022, following the assassination attempt on him during a political rally. Imran Khan has been incarcerated since
August 2023 and is currently serving a sentence at Adiala Jail in the £190 million AlQadir Trust corruption case. He also faces multiple pending cases, including prosecutions under the Anti-Terrorism Act linked to the May 9, 2023 unrest. Speaking from London, Kasim and Sulaiman said they had applied for permission to travel to Pakistan in January but had yet to receive a response, preventing them from visiting their father. "We're trying, we'd like to go, but nothing's coming through," Kasim told CNN, alleging that administrative hurdles had blocked their travel despite there being "no reason" for them to be denied entry. The brothers claimed that every time they spoke publicly about their father's imprisonment, it became increasingly difficult
to secure the documentation required to travel to Pakistan. They also expressed concern over what they described as a lack of information regarding Imran Khan's health. "We've received no updates because his family, doctors and lawyers have not been allowed to see him for seven months," they said, adding that the absence of recent medical reports had heightened their anxiety. Responding to the interview, the Ministry of Information rejected the allegations, saying both Kasim and Sulaiman possessed National Identity Cards for Overseas Pakistanis (NICOP), allowing them to enter Pakistan without visas. The ministry described their claims as "misleading" and accused them of turning an administrative issue into political point-scoring.
9:30
confinement
ISLAMABAD
STAFF REPORT
The Islamabad High Court (IHC) on Thursday reserved its verdict on petitions challenging the alleged solitary confinement of PTI founder Imran Khan and his wife Bushra Bibi after hearing detailed arguments from both the petitioners and the government. Justice Khadim Hussain Soomro concluded the hearing by directing both sides to submit any judicial precedents they intended to rely upon before the court issues its ruling. During the proceedings, Adiala Jail Superintendent Sajid Baig, Islamabad Advocate General Naveed Hayat Malik and PTI counsel Barrister Salman Safdar appeared before the court. Opposing the petitions, the advocate general argued that neither Imran Khan nor Bushra Bibi had been subjected to solitary confinement, maintaining that both were instead being provided facilities exceeding those available to B-class prisoners. He submitted that Imran Khan was housed separately solely because of heightened security concerns arising from his political profile, insisting that such arrangements did not amount to solitary confinement. He further informed the court that prison authorities had complied with previous judicial directions by providing newspapers, books and other approved facilities. Justice Soomro questioned the nature of the security arrangements and sought clarification on whether Imran Khan had been granted B-class facilities. Responding to the court, the advocate general said the former prime minister was receiving facilities "better than those prescribed for B-class prisoners." Jail Superintendent Sajid Baig told the court that Imran Khan had been provided more than 500 books along with daily newspapers. He said the PTI founder was not confined to a single cell but had unrestricted movement during the day within a compound comprising seven cells. He argued that solitary confinement, by definition, required continuous confinement in a single locked cell, which, he maintained, was not the case. The advocate general further submitted that no court or competent authority had ever ordered solitary confinement for either Imran Khan or Bushra Bibi, adding that the petitioners could not seek relief beyond the scope of their petitions. Barrister Salman Safdar, however, rejected the government's position, contending that his clients were effectively being subjected to prolonged isolation amounting to mental torture. Referring to a meeting with Imran Khan held earlier this year on the Supreme Court's directions, the counsel said his client had complained of deteriorating eyesight, limited access to lawyers, political colleagues and family members, as well as an inadequate supply of books. He argued that despite facing more than 300 criminal cases, Imran Khan had been denied regular consultations with his legal team. According to Safdar, a 65-minute meeting arranged in April following intervention by the IHC Chief Justice was the first meaningful consultation in several months, during which much of the discussion focused on the psychological impact of the prison conditions. Justice Soomro asked whether the allegations had been supported through an affidavit, to which the counsel replied that he intended to establish every aspect of the case through his legal arguments.
Govt cuts petrol price by Rs3.19, HSD by Rs1.50 ISLAMABAD
STAFF REPORT
The federal government on Thursday reduced the prices of petrol and high-speed diesel (HSD) by Rs3.19 and Rs1.50 per litre, respectively, for August 7. According to a notification issued by the Ministry of Petroleum, the price of petrol has been fixed at Rs329.82 per litre, while HSD will now cost Rs382.36 per litre. The latest revision comes a day after the government increased petrol by Rs4.45 while decreasing HSD by Rs2 per litre for Aug 6. On July 17, the government introduced a daily fuel price review mechanism amid volatility in global oil prices following renewed hostilities in the Middle East. The daily fuel prices are based on a seven-day average of international market rates to align with international standards. According to the Pakistan Economic Survey 2024-25, petroleum products constitute one of the country's largest import categories, making the economy highly vulnerable to changes in global crude oil prices. Domestic refineries satisfy only part of national demand, while the remainder is met through imports of crude oil and refined petroleum products. Consequently, every increase in international oil prices raises Pakistan's import bill, pressures foreign exchange reserves, and contributes to inflation. Pakistan previously exercised significant government control over petroleum pricing through subsidies and administrative interventions. While these measures temporarily protected consumers, they imposed substantial fiscal costs. During periods of elevated global oil prices, successive governments delayed passing price increases to consumers, creating financial pressures for oil marketing companies, refineries, and the national budget.
Imran's sons voice health concerns as government rejects access claims NEWS DESK
7:30
However, the brothers maintained that their NICOP cards had expired and had not been renewed, an issue that, according to CNN, was not addressed by the government. In a separate statement issued to CNN, the government categorically denied allegations that Imran Khan had been subjected to a prolonged communications blackout or denied access to family members, lawyers and doctors. It said prison records demonstrated that the former prime minister had been granted repeated access to visitors in accordance with prison rules and court directives. The government further stated that Imran Khan's health remained "oriented and stable", with no indication of any acute or unmanaged deterioration, adding that he continued to receive regular medical treatment, prescribed medication and follow-up care.
Rejecting claims regarding prison conditions, the authorities said Imran Khan was being housed in an exclusive seven-cell compound designed to accommodate approximately 30 to 35 inmates. According to the government, the facility includes a spacious corridor, a lawn, a bed, mattress, pillows, blankets, table, chair, sanitation facilities and exercise equipment, arguing that the accommodation did not resemble the picture of isolation or neglect being portrayed publicly. Despite these assurances, Kasim Khan said the family remained deeply concerned because they had not been provided with updated medical reports. "They're refusing to show us any kind of health report, so his health may have deteriorated significantly since then," he said.
Published by Asad Nizami at Plot No 66-C, 1st Floor, 21st Commercial Street, Phase-II (Extension), DHA Karachi and printed at Ibn-e-Hassan Printing Press, Hockey Stadium, Karachi, for PT Print (Pvt) Limited. Ph: 021-32640318 . Email: newsroom@pakistantoday.com.pk