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Govt Finalizes ‘Made in Pakistan’ Electronics Policy to Support Local Products

The federal government has finalized the ‘Made in Pakistan’ Electronics Manufacturing Policy, a major step aimed at strengthening domestic production and reducing reliance on imported finished electronic goods.

According to a report, the policy lays the foundation for local manufacturing of mobile phones, laptops, computers, tablets, and a wide range of other electronic products, signaling a strategic shift toward industrial self-sufficiency and value-added manufacturing.

Expanding the Scope of Local Manufacturing

Under the new framework, domestic production will extend beyond consumer devices to include biometric machines, point-of-sale (POS) systems, tracking devices, signal boosters, dongles, and smartwatches.

Officials believe this comprehensive approach will help build a complete electronics ecosystem, encouraging both local entrepreneurs and foreign investors to establish manufacturing and assembly operations within Pakistan.

Reducing Imports, Strengthening Exports

The policy is designed to curb the import of finished electronics, which has long weighed on Pakistan’s trade balance. By promoting local assembly and gradual indigenization of components, the government aims to:

  • Save foreign exchange
  • Create skilled employment opportunities
  • Encourage technology transfer
  • Boost export-oriented manufacturing

Industry stakeholders expect the initiative to particularly benefit small and medium enterprises (SMEs) involved in electronics, hardware assembly, and supply-chain services.

Alignment With Broader Industrial Strategy

The ‘Made in Pakistan’ electronics policy complements other recent industrial initiatives, including incentives for mobile phone assembly plants, expansion of special economic zones, and the push toward semiconductor and chip manufacturing in Punjab.

Together, these measures reflect a broader effort to modernize Pakistan’s industrial base and position the country as a competitive player in regional electronics manufacturing.

Industry Reaction and Outlook

Experts say the success of the policy will depend on effective implementation, competitive tariffs on raw materials, and consistent regulatory support. If executed well, the policy could transform Pakistan from an import-dependent market into a regional electronics manufacturing hub.

Further details regarding incentives, localization targets, and implementation timelines are expected to be announced in the coming weeks.


HBL Pakistan Manufacturing PMI Hits 10-Month High as Industrial Momentum Strengthens

Pakistan’s manufacturing sector closed 2025 on a positive note as the HBL Pakistan Manufacturing Purchasing Managers’ Index (PMI) rose to a 10-month high in December. Compiled by S&P Global, the PMI increased to 52.8 from 52.3 in November, marking its strongest reading since February and signaling a sustained expansion in manufacturing activity.

The improvement was driven by a solid rise in production and stronger demand conditions. New orders accelerated at their fastest pace since March, with survey respondents attributing the uptick to business expansion initiatives and improvements in product quality. The data suggests that manufacturers are benefiting from renewed confidence among buyers and a gradual normalization of operating conditions.

A particularly encouraging sign was the return of growth in new export orders, recorded for the first time in six months. Businesses cited stronger international demand and enhanced product standards as key factors supporting overseas sales. This development points to improving competitiveness for Pakistani manufacturers in global markets.

Despite higher output levels, capacity pressures remained limited. Work backlogs declined at one of the sharpest rates on record, indicating that firms were largely able to meet increased demand without operational strain. Employment levels rose for the second consecutive month as companies hired additional staff and extended working hours in anticipation of stronger order inflows.

Manufacturers also increased their input purchases during the month, with many firms opting to build inventories as a hedge against potential price increases. As a result, raw material stockpiles recorded their steepest rise since the PMI survey began, reflecting both precautionary behavior and confidence in future production needs.

This industrial momentum has unfolded alongside a broader transformation in Pakistan’s financial ecosystem during 2025. The year saw significant modernization and consolidation across the banking and financial sectors, which helped improve access to capital and payment efficiency for businesses. Developments such as the merger of Silk Bank into UBL, the entry of digital-first players like Mashreq Bank and Easypaisa, and the rollout of the State Bank’s PRISM+ payment system strengthened financial infrastructure and transparency.

At the same time, the international expansion of fintech platforms such as ABHI and Haball into Saudi Arabia and the UAE opened new channels for SME lending and supply-chain financing. These advances have provided manufacturers with improved tools to manage working capital and support cross-border trade.

Commenting on the latest PMI data, Humaira Qamar, Head of Equities and Research at HBL, noted that business confidence reached its highest level since July. She highlighted expectations of improved economic and inflationary conditions, reinforced by the State Bank’s recent decision to cut interest rates by 50 basis points, signaling confidence in inflation remaining within the 5–7 percent range and in meeting foreign exchange reserve targets by June 2026.

For investors and analysts, the PMI remains a key leading indicator of economic momentum. The latest reading suggests that Pakistan’s manufacturing sector is entering 2026 with improving fundamentals, supported by stronger demand, better financial access, and rising business confidence.

Azad Kashmir PM Orders Launch of Health Card to Improve Access to Healthcare

Prime Minister of Azad Jammu and Kashmir (AJK) Faisal Mumtaz Rathore has directed the immediate launch of a Health Card facility aimed at improving healthcare access for the people of the region. The initiative is being described as a major public welfare step, particularly for low-income and middle-class families who often struggle with rising medical costs.

The directive was issued during a high-level meeting chaired by the AJK prime minister in Muzaffarabad. Addressing officials, Faisal Mumtaz Rathore emphasized that access to quality healthcare is a fundamental right and a key responsibility of the government. He stressed that the Health Card scheme should be implemented efficiently to ensure maximum benefit reaches deserving citizens.

According to the prime minister, the Health Card will enable families to receive medical treatment at designated public and private hospitals without facing financial hardship. The initiative is expected to cover essential medical services, reducing the burden of out-of-pocket healthcare expenses that many households currently face.

Officials briefed the meeting on the proposed framework of the program, including eligibility criteria and implementation mechanisms. The prime minister instructed relevant departments to accelerate preparations and ensure transparency in the rollout process. He also called for strong monitoring to prevent misuse and guarantee that the facility serves its intended purpose.

Healthcare experts view the move as a significant step toward strengthening the healthcare system in Azad Kashmir. By extending financial protection to vulnerable segments of society, the Health Card scheme is expected to improve health outcomes and encourage timely medical treatment.

The launch of the Health Card aligns with broader efforts to enhance social protection and public welfare in the region. Government representatives believe the initiative will not only improve healthcare accessibility but also contribute to social stability by reducing health-related financial stress on families.

As preparations move forward, residents of Azad Kashmir are hopeful that the Health Card facility will bring meaningful change to their lives. The government’s focus on healthcare reform reflects a growing recognition of the importance of inclusive and accessible medical services for sustainable development.

PCB Celebrates a Decade of PSL Excellence with Special Tribute

The Pakistan Cricket Board (PCB) celebrated a remarkable milestone in 2025 as the Pakistan Super League (PSL) marked its tenth year of success. Over the past decade, the PSL has grown into a premier sporting event, earning recognition not only as a T20 cricket tournament but also as a global sports brand that highlights Pakistan’s cricketing talent and organizational prowess.

Since its inception, the PSL has consistently delivered high-quality cricket, attracting top international players and engaging fans both in Pakistan and around the world. The league has also played a key role in promoting Pakistan as a safe and vibrant host for international sporting events, demonstrating world-class stadium facilities, logistics, and hospitality.

The tenth anniversary celebrations included special tributes to players, coaches, and franchises that have contributed to the PSL’s growth and popularity. Analysts note that the league’s success has inspired further investment in Pakistan’s domestic cricket infrastructure, youth development programs, and the promotion of women’s cricket.

Beyond the matches, the PSL has become a platform for entertainment, culture, and national pride. Its global viewership has helped showcase Pakistan’s talent and tourism potential, while also creating economic opportunities through sponsorships, broadcasting deals, and local business engagement.

As the PSL steps into its next decade, the PCB aims to continue enhancing the league’s quality, expanding its international reach, and nurturing the next generation of cricketing stars. The milestone of ten years underscores the PSL’s enduring impact on Pakistan’s sports landscape and its growing influence on global cricket.

2025 Marks a Landmark Year for Pakistan’s Banking and Financial Sectors

The year 2025 proved to be transformative for Pakistan’s banking and financial sectors, witnessing significant developments that reshaped the industry landscape. From high-profile mergers and acquisitions to the entry of new players and the exit of underperforming firms, the sector experienced dynamic changes that highlighted its resilience and adaptability.

Local banks and fintech companies faced intense competition, but those leveraging innovation, technology, and robust business models emerged as market leaders. This trend underscored the importance of modernization and strategic growth in maintaining a competitive edge.

Several domestic banks expanded their operations while exploring opportunities abroad, reflecting a growing confidence in Pakistan’s financial ecosystem. Meanwhile, fintech operators introduced novel solutions to enhance digital banking services, improve customer experience, and support financial inclusion across urban and rural communities.

The closure of certain firms also pointed to a natural market correction, where only institutions with sound management and strategic vision sustained growth. Analysts note that these shifts have strengthened the sector’s overall stability and prepared it to tackle future economic challenges.

Financial experts believe that 2025’s developments signal a promising trajectory for Pakistan’s banking and finance industry. With continued investment in technology, regulatory support, and entrepreneurial innovation, the sector is poised to play a pivotal role in driving economic growth and supporting a digitally empowered population.

As the country moves into 2026, stakeholders are optimistic that the lessons learned and strategies implemented during 2025 will continue to foster a resilient, innovative, and inclusive financial landscape.

NADRA Launches Pilot Project to Offer CNIC Services Through e-Sahulat Franchises

The National Database and Registration Authority has introduced a pilot project aimed at expanding public access to identity services by offering CNIC-related facilities through selected e-Sahulat franchises across Pakistan. Under this initiative, citizens will be able to apply for the reprint of lost Computerised National Identity Cards and request CNIC renewals without visiting traditional NADRA registration centers.

This move reflects NADRA’s broader strategy to improve service delivery by making identity-related processes more accessible, inclusive, and citizen-friendly. By leveraging existing digital infrastructure, the authority aims to reduce congestion at its offices while bringing essential services closer to local communities.

e-Sahulat operates under NADRA Technologies Limited, a wholly owned subsidiary of NADRA. The network has expanded rapidly over the years and now includes more than 22,000 franchises nationwide. Out of these, over 9,500 locations are equipped with biometric verification systems, including fingerprint scanners and camera-based identification tools.

These franchises are typically located at neighborhood convenience stores, making them easily accessible for citizens in both urban and semi-urban areas. Their widespread presence positions e-Sahulat as a practical platform for delivering basic government services at the grassroots level.

Historically, e-Sahulat franchises have played an important role in public facilitation. They were instrumental in easing pressure on banks by enabling utility bill payments through alternative channels. Over time, their services expanded to include biometric verification for various public and private sector requirements.

With the inclusion of CNIC reprint and renewal services, NADRA is taking another step toward decentralizing identity management. This approach is expected to save time for citizens, lower travel costs, and reduce waiting periods that are often associated with NADRA registration centers.

Officials view the pilot project as a test phase that will help assess operational efficiency, public response, and system reliability. Based on the outcomes, the scope of services may be expanded further to include additional NADRA facilities at e-Sahulat outlets.

The initiative also aligns with Pakistan’s broader digital transformation goals. By integrating identity services into existing digital ecosystems, NADRA aims to strengthen data accuracy while maintaining strict security and verification standards.

Experts believe that such public-private service models can significantly improve governance delivery if implemented effectively. Easy access to identity services is especially critical for citizens in remote or underserved areas where NADRA centers may be limited.

As the pilot project rolls out, citizens are encouraged to stay informed about participating e-Sahulat locations and service availability. If successful, this initiative could mark a significant shift in how identity services are accessed across Pakistan.


Pakistan Surpasses India in Economic and Global Peace Optimism, Gallup Survey Reveals

Pakistan has emerged as one of the world’s most optimistic nations heading into 2026, according to the latest Global Economic Gallup Survey. The findings highlight a notable rise in public confidence, positioning Pakistan ahead of India and well above the global average in terms of economic and peace-related optimism.

The survey shows that a majority of Pakistanis are looking toward the future with confidence. Around 51 percent of respondents in Pakistan believe that 2026 will be a better year than 2025. This level of optimism reflects a strong sense of hope among the public, despite ongoing regional and global challenges.

In comparison, optimism in India remains significantly lower. Only 39 percent of Indian respondents expressed confidence that the coming year would bring improvement. The contrast becomes even more pronounced when viewed against the global outlook, where the average optimism level stands at just 24 percent.

Gallup’s findings suggest that Pakistan’s public sentiment is driven by expectations of economic stability and improved global conditions. Many respondents believe that gradual economic adjustments, policy reforms, and increased regional engagement could contribute to a more positive year ahead.

Public confidence plays a critical role in shaping economic momentum. When people believe conditions will improve, they are more likely to invest, spend, and participate actively in the economy. Analysts note that this optimism can support market stability and encourage long-term growth if supported by consistent policy actions.

The survey also reflects perceptions about global peace. Pakistanis appear more hopeful about international stability compared to respondents in several other countries. This outlook may be influenced by diplomatic developments and expectations of reduced global tensions in the coming year.

While optimism alone does not guarantee economic success, it remains an important indicator of public mood. Countries with higher confidence levels often find it easier to mobilize domestic support for reforms and development initiatives.

Experts caution, however, that sustaining this optimism will require tangible improvements. Inflation control, job creation, and economic transparency are key areas that will determine whether public expectations translate into real progress.

The Gallup survey places Pakistan among the more hopeful nations worldwide as 2026 approaches. This positive sentiment sets it apart in South Asia and highlights a shift in public outlook that could have meaningful implications for the country’s economic and social trajectory.


Field Marshal Syed Asim Munir Highlights Balochistan’s Strategic Importance for Pakistan’s Prosperity

Field Marshal Syed Asim Munir, NI (M), HJ, Chief of Army Staff (COAS) and Chairman Joint Chiefs of Staff Committee (CDF), on Wednesday engaged with participants of the 18th National Workshop on Balochistan at General Headquarters (GHQ), according to a statement by Inter-Services Public Relations (ISPR).

The workshop focused on Balochistan’s socio-economic development and its strategic significance for Pakistan. During his address, the COAS & CDF appreciated the resilience and patriotism of the people of Balochistan, emphasizing that the province is pivotal to Pakistan’s long-term prosperity and growth.

He lauded initiatives undertaken by both federal and provincial governments, highlighting a people-centric approach designed to enhance socio-economic conditions and unlock Balochistan’s vast economic potential. The Field Marshal also acknowledged the constructive role of civil society in countering propaganda and promoting sustainable development, stressing the importance of setting aside vested political agendas for the province’s future.

Addressing security challenges, he noted that Indian-sponsored proxies continue to instigate violence and hinder development. The COAS & CDF reaffirmed that such hostile efforts would be countered decisively by Pakistan’s security forces to maintain peace and stability. He further emphasized that any violation of Pakistan’s territorial integrity would receive a firm and resolute response, reinforcing the Armed Forces’ commitment to protecting the nation and its citizens.

The session concluded with an interactive Q&A, where Field Marshal Munir provided additional insights into ongoing security and development efforts in Balochistan, highlighting the government and military’s joint commitment to the province’s progress.

Saim Ayub Tops ICC T20 All-Rounders Rankings as Joe Root Leads Test Batters

Pakistan’s Saim Ayub has reached a significant milestone by claiming the top spot in the ICC T20 all-rounders rankings, marking a proud moment for the nation’s cricketing achievements. Ayub’s consistent performances in recent T20 matches have propelled him to the summit, highlighting his growing influence in the shortest format of the game.

In other T20 rankings, India continues to dominate, with Abhishek Sharma retaining the number one position among T20 batters, while Varun Chakravarthy remains the top-ranked T20 bowler.

In Test cricket, England’s Joe Root has maintained his position as the world’s number one batter. His teammate Harry Brook surged three places to secure second, reflecting a strong season for English batsmen. Pakistan’s Saud Shakeel also climbed the rankings, moving from 10th to 9th, while India’s Shubman Gill entered the top ten, occupying the 10th position. England opener Zak Crawley currently holds the 36th spot in Test batting rankings.

Among Test bowlers, India’s Jasprit Bumrah continues to lead, with Australia’s Mitchell Starc rising to second and matching Pakistan’s Nauman Ali at 843 rating points. Scott Boland moved up to seventh, and several English bowlers made notable gains, including Brydon Carse rising to 23rd and Josh Tongue climbing 13 places to 30th.

In Test all-rounders rankings, India’s Ravindra Jadeja maintains his number one position, demonstrating his continued consistency in international cricket.

Saim Ayub’s rise to the top of the T20 all-rounders rankings highlights Pakistan’s growing talent pool, offering fans excitement as the team prepares for upcoming international fixtures.

Deputy PM Ishaq Dar Meets D-8 Secretary General-Designate Sohail Mahmood

Deputy Prime Minister and Foreign Minister Ishaq Dar met with Sohail Mahmood, the Secretary General-designate of the D-8 organization, to discuss future plans and the strategic direction of the group. The meeting was confirmed by the Foreign Office, with spokesperson Tahir Hussain Andrabi highlighting the importance of the discussion.

Sohail Mahmood briefed the Deputy Prime Minister on his upcoming responsibilities at the D-8 Secretariat and reaffirmed his commitment to advancing the organization’s objectives in alignment with the vision of the D-8 leadership. Mahmood, a former Foreign Secretary of Pakistan and former Director General of the Institute of Strategic Studies Islamabad (ISSI), brings extensive diplomatic experience to the role.

Deputy PM Ishaq Dar congratulated Mahmood on his appointment and expressed best wishes for his tenure. He described D-8 as “very effective and viable” and emphasized that Mahmood’s leadership could revitalize the organization, strengthening both bilateral and multilateral relations among member countries.

The D-8, formally known as the Developing Eight, is a group of eight developing Muslim-majority countries aiming to enhance economic cooperation, trade, and development. Mahmood’s appointment is expected to further boost collaboration in trade, infrastructure, and diplomatic engagements within the organization.

Officials noted that the meeting also highlighted Pakistan’s commitment to supporting the D-8’s initiatives and promoting regional economic stability through active participation.

New Zealand First to Welcome 2026 with Spectacular Fireworks in Auckland

The world officially stepped into 2026 as New Zealand became the first country to welcome the New Year, with a dazzling fireworks display lighting up the skies over Auckland despite rainy weather.

As the clock struck midnight, thousands of people gathered in Auckland’s city centre to witness a vibrant fireworks show launched from the iconic Sky Tower, New Zealand’s tallest structure. The colourful celebration marked the first major New Year event globally, setting the tone for festivities around the world.

Sky Tower hosts five-minute fireworks display

The five-minute display featured approximately 3,500 fireworks, fired from multiple levels of the 240-metre (787-foot) Sky Tower. Showers of colour and light cascaded across the skyline as crowds braved steady rain to take part in the historic moment.

With a population of nearly 1.7 million, Auckland welcomed 2026 18 hours ahead of New York’s Times Square ball drop, once again highlighting New Zealand’s position at the forefront of global New Year celebrations. Several South Pacific nations also bid farewell to 2025 shortly after.

Weather disrupts regional celebrations

While the main Auckland event went ahead as planned, authorities cancelled several smaller community celebrations across the North Island. Officials cited forecasts of heavy rain and potential thunderstorms as the reason for precautionary cancellations.

Sydney prepares for New Year amid remembrance

Across the Tasman Sea, Sydney was set to welcome 2026 two hours after New Zealand, with a major fireworks display planned over Sydney Harbour. The celebrations were scheduled to begin at 6pm Pakistan time.

Ahead of the fireworks, the Sydney Harbour Bridge was to be illuminated in remembrance of victims of the Bondi Beach attack. The tragic incident on December 14, described as Australia’s worst mass shooting in nearly three decades, claimed 15 lives and left 40 people injured after gunmen targeted a Hanukkah gathering.

A resilient start to 2026

Despite weather challenges and moments of reflection across the region, the celebrations symbolised resilience and unity. As fireworks lit up Auckland’s skyline, the world’s journey into 2026 officially began, with millions more preparing to welcome the New Year in the hours that followed.

NCCIA Probes 2,146 Cybercrime Cases, Recovers Rs461 Million in 2025

Pakistan’s National Cyber Crime Investigation Agency (NCCIA) has released its annual performance report for 2025, revealing significant progress in tackling cybercrime, online fraud, and digital financial scams across the country.

According to the report, the NCCIA examined 2,146 cases during the year involving cybercrime, online fraud, data theft, identity misuse, and other serious digital offences.

Cyber Financial Crimes Down by 36%

In a major development, the agency reported a 36 per cent decline in cyber financial crimes in 2025, reflecting improved enforcement, monitoring, and public awareness.

As part of investigations, authorities recovered Rs461 million from suspects involved in cyber fraud and financial scams, providing partial relief to victims affected by digital crime.

Over 46,000 Accounts and Wallets Frozen

To disrupt illegal financial networks, the NCCIA froze 46,056 bank accounts and digital wallets linked to fraudulent activities during the year. Officials said the measure helped prevent further losses and assisted in tracing money trails connected to organised cybercrime.

Operation Brown Targets Online Child Exploitation

The report also highlighted Operation Brown, a focused nationwide crackdown against online child exploitation.

  • 35 cases registered
  • Multiple suspects arrested and taken into custody
  • Digital evidence seized to support ongoing prosecutions

The NCCIA termed the operation a “critical step” toward protecting children in digital spaces.

Capacity Building and Public Awareness

To strengthen institutional capacity, over 300 law enforcement officers received specialised training in cyber investigation and digital forensics.

Meanwhile, NCCIA-led awareness campaigns on online safety and financial fraud reached more than two million people nationwide, aiming to educate citizens on avoiding scams and reporting cyber offences.

Strengthening Pakistan’s Cyber Security Framework

Officials said the results demonstrate growing effectiveness in Pakistan’s cybercrime response framework, while stressing the need for continued vigilance as digital transactions and online activity continue to expand.

Fans worried? BCCI confirms Gambhir’s future

The Board of Control for Cricket in India has put an end to growing speculation around Gautam Gambhir’s future as India’s Test coach, firmly backing him despite recent disappointing results at home. The clarification comes after reports suggested that former Indian batter VVS Laxman was being considered as a possible replacement, sparking debate among fans and experts alike.

BCCI Vice-President Rajeev Shukla categorically denied any plans to change the coaching setup, stating that the board continues to have full confidence in Gambhir. He stressed that there have been no discussions at any level regarding the appointment of a new Test coach, dismissing the rumours as unfounded and misleading.

The speculation gained momentum following India’s recent struggles in Test cricket. The team suffered a 0-2 whitewash at home against South Africa, followed by a disappointing 0-3 defeat to New Zealand. These losses have dented India’s prospects in the ICC World Test Championship and raised questions about the direction of the team under Gambhir’s leadership.

BCCI Secretary Devajit Saikia also addressed the reports, echoing Shukla’s stance and calling the claims about VVS Laxman being approached completely baseless. He emphasised that the board believes knee-jerk reactions and frequent changes in leadership rarely deliver long-term success, particularly during periods of transition.

Since taking over as head coach, Gautam Gambhir has pushed for a culture built on discipline, mental toughness, and fearless cricket. The BCCI acknowledges that such an approach requires time to take root, especially as the team navigates generational changes and experiments with combinations across formats.

The board also pointed out that India is currently in a crucial phase, with preparations underway to defend its T20 World Cup title starting February 7. With senior players like Rohit Sharma and Virat Kohli not part of the squad, a relatively young team led by Suryakumar Yadav will be under intense scrutiny. In such circumstances, stability in the coaching staff is seen as vital.

BCCI officials believe that changing the head coach mid-cycle could disrupt planning, confuse messaging in the dressing room, and negatively impact player confidence. Continuity, they argue, offers a better chance for the team to regroup, learn from recent setbacks, and improve performances across formats.

While fans remain divided on social media, with some demanding accountability and others urging patience, the BCCI has drawn a clear line. The board has chosen to stand firm behind Gambhir, prioritising long-term vision over short-term pressure. For now, Gautam Gambhir’s position remains secure as India looks ahead to major international challenges.


Bangladesh’s two-time PM Khaleda Zia passes away at 80

Bangladesh’s first female prime minister and veteran opposition leader Begum Khaleda Zia passed away early Tuesday morning at Evercare Hospital in Dhaka after a prolonged illness. She was 80 years old. Khaleda Zia, the chairperson of the Bangladesh Nationalist Party (BNP), had been admitted to the hospital on November 23 with a lung infection and was suffering from advanced liver cirrhosis, chronic heart complications, diabetes, and arthritis.

Her family and senior BNP leaders, including her eldest son Tariq Rahman and party secretary Mirza Fakhrul Islam Alamgir, were present during her final moments. The medical board overseeing her treatment also attended her bedside.

Born on August 15, 1946, in Dinajpur, Khaleda Zia entered politics following the assassination of her husband, former president and BNP founder Ziaur Rahman, in 1981. Initially considered politically inexperienced, she quickly rose to prominence, playing a key role in ending the military rule of Hussain Muhammad Ershad in 1990. In 1991, she became Bangladesh’s first female prime minister after the country’s first widely recognised free election. She was also the second woman to lead a democratic government in a Muslim-majority country, following Pakistan’s Benazir Bhutto.

During her tenure, Khaleda Zia restored the parliamentary system, promoted foreign investment, and implemented policies making primary education free and compulsory. Her political career was marked by a long-standing rivalry with Awami League leader Sheikh Hasina, known as the era of the “Battling Begums,” which saw alternating periods of power, street protests, election boycotts, and military-backed emergency rule.

Khaleda Zia faced legal and health challenges in her later years. In 2018, she was jailed on corruption charges linked to an orphanage trust, which she denied, describing them as politically motivated. Declining health and travel restrictions further limited her ability to seek medical treatment abroad. BNP officials have yet to announce funeral prayers and burial arrangements.

Prime Minister Shehbaz Sharif expressed deep sorrow over Khaleda Zia’s passing, acknowledging her significant role in shaping Bangladesh’s political landscape and her contributions to the country’s development. He also highlighted her friendship with Pakistan and offered condolences to her family and the people of Bangladesh, praying for her soul.

President Asif Ali Zardari also mourned her death, praising her decades-long political service and resilience, while extending sympathies to her family and the people of Bangladesh.

Khaleda Zia’s passing marks the end of a defining chapter in Bangladesh’s political history, with a legacy of leadership, resilience, and commitment to public service that will be remembered across South Asia.


IMF makes new demands from Pakistan under $7bn loan program

The International Monetary Fund has reportedly placed fresh demands on Pakistan under the ongoing $7 billion loan program, with potential implications for the country’s emerging electric and hybrid vehicle industry. According to sources, the new conditions focus on ending long-standing sales tax exemptions that were introduced to promote cleaner and locally manufactured transportation.

Sources familiar with the discussions say the IMF has asked Pakistan to abolish sales tax exemptions on locally manufactured electric vehicles and electric bikes. Under the proposal, these products would be brought under the standard 18 percent General Sales Tax from the fiscal year 2026–27. If implemented, this would mark a major shift in government policy aimed at encouraging electric mobility.

The IMF has also turned its attention to hybrid electric vehicles manufactured locally. At present, these vehicles benefit from special tax relief measures designed to support the adoption of fuel-efficient and environmentally friendly technology. The lender, however, has urged Pakistan to phase out these incentives as part of broader tax reforms.

Currently, locally manufactured hybrid electric vehicles remain fully exempt from sales tax until June 30, 2026. After that deadline, a reduced tax structure applies, with an 8.5 percent sales tax on vehicles up to 1,800cc and 12.75 percent on vehicles up to 2,500cc. The IMF now wants these concessions removed altogether and replaced with the normal tax regime.

According to sources, these demands were raised during talks with the Ministry of Industries and Production. The IMF has reportedly called for the removal of sales tax exemptions listed under the Eighth Schedule of the Sales Tax Act, which currently shields locally manufactured electric and hybrid vehicles, as well as electric bikes, from standard taxation.

By shifting these products into the normal tax framework, the IMF aims to broaden Pakistan’s tax base and reduce distortions created by exemptions. However, industry experts warn that such a move could have far-reaching consequences for pricing, affordability, and consumer demand in the electric vehicle market.

If the government accepts the IMF’s proposal, the tax exemption on locally manufactured electric vehicles, hybrid vehicles, and electric bikes would effectively end from the next fiscal year. This could lead to higher retail prices, potentially slowing down Pakistan’s transition towards cleaner transportation at a time when global markets are pushing aggressively for electrification.

The development highlights the difficult balance Pakistan faces between meeting IMF conditions for financial stability and sustaining growth in emerging industries. While the government has yet to officially confirm these changes, the proposed measures signal that further tough fiscal decisions may be on the horizon as Pakistan works to comply with the requirements of the $7 billion IMF program.


Pakistan’s GDP Grows 3.71% in First Quarter of FY26: Ahsan Iqbal

Pakistan’s economy has shown a strong and encouraging start to the fiscal year 2025–26, recording a 3.71 percent growth in GDP during the first quarter, according to data shared by Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal. The development on Tuesday and has been termed a significant shift in the country’s economic direction.

Taking to social media platform X, Ahsan Iqbal highlighted that the first-quarter growth of FY26 is 2.15 percentage points higher than the growth recorded in the same quarter of the previous fiscal year. He described this improvement as a qualitative change in Pakistan’s economic trajectory, indicating a move towards stability and sustained recovery.

During FY25, Pakistan’s quarterly GDP growth remained uneven. The economy expanded by 1.56 percent in Q1, followed by 2.03 percent in Q2, 2.66 percent in Q3, and a sharper rise of 6.17 percent in Q4. In contrast, FY26 has begun with growth that is more than double compared to the corresponding quarter of last year, reflecting a stronger and more balanced economic momentum.

Ahsan Iqbal noted that the current economic improvement is being driven primarily by the industrial sector. Industrial output expanded by an impressive 9.38 percent in the first quarter of FY26, a sharp turnaround from the meagre 0.12 percent growth recorded during the same period last year. This surge points towards improved manufacturing activity, better capacity utilisation, and the impact of policy measures aimed at reviving industrial production.

The planning minister also acknowledged that the economic rebound has occurred despite several major challenges. These include the flood shock of 2025, fiscal tightening under stabilisation measures, the withdrawal of energy subsidies, and persistent food inflation, all of which had put pressure on economic activity and household incomes.

According to Ahsan Iqbal, the latest GDP figures demonstrate growing resilience in Pakistan’s economy. He said the performance reflects the effectiveness of policy adjustments introduced to stabilise the macroeconomic environment and lay the groundwork for long-term recovery.

Economists believe that sustained industrial growth, combined with improved investment sentiment and structural reforms, could help Pakistan maintain this upward trend in the coming quarters. However, they also stress the need for continued focus on inflation control, export growth, and social protection to ensure that economic gains translate into broader public welfare.


Ishaq Dar Meets Sadiq Sanjrani, Pledges Support for Balochistan Development

Deputy Prime Minister and Foreign Minister Ishaq Dar met with former Senate Chairman Sadiq Sanjrani on Monday to discuss ongoing development initiatives in Balochistan, according to a spokesperson from the Deputy Prime Minister’s Office.

During the meeting, Sanjrani briefed Dar on various projects and efforts aimed at boosting infrastructure, welfare, and public services in the province. He also expressed appreciation for the government’s commitment to supporting Balochistan’s development.

In response, Ishaq Dar assured full backing for initiatives focused on public welfare and sustainable growth, reaffirming the government’s determination to continue promoting progress and prosperity in Balochistan.


PM Shehbaz Sharif to Attend World Economic Forum in Switzerland

Prime Minister Shehbaz Sharif is set to undertake his first official foreign visit of 2026 to Switzerland. According to 24NewsHD TV, the prime minister will attend the 56th meeting of the World Economic Forum (WEF) in Davos from January 19 to January 26.

A high-level delegation will accompany PM Shehbaz during the visit. Diplomatic sources have indicated that he will hold bilateral talks with world leaders on the sidelines of the forum, focusing on strengthening international cooperation, economic development, and investment opportunities for Pakistan.

The WEF gathering in Davos is expected to bring together political leaders, business executives, and policymakers from around the globe to discuss pressing economic, social, and environmental issues, offering Pakistan an opportunity to highlight its policy initiatives and growth prospects.


US Eyes Pakistan to Replace China in Critical Missile Mineral Supply

Pakistan is attracting attention from the United States as a potential alternative source for the critical mineral antimony, used in missiles, batteries, and flame retardants, according to the Financial Times. The move is part of Washington’s broader strategy to reduce reliance on China-dominated supply chains for strategic materials.

Antimony trioxide prices have surged to approximately $40,000 per ton, up sharply from around $26,000 in September 2024. This price spike reflects growing global demand and the increasing urgency for Western governments and defense-linked companies to secure alternative sources outside of China.

Pakistan, along with neighboring regions, has emerged as a viable supplier capable of meeting these strategic needs. Analysts note that tapping into Pakistan’s mineral reserves could help the US diversify its supply chains while supporting local industry and production in the region.

The development underscores the growing geopolitical importance of Pakistan in global supply chains for critical minerals, especially as nations look to reduce dependence on China for defense and technology-related resources.


ICC Declares MCG Pitch Unsatisfactory After Two-Day Ashes Test Finish

The International Cricket Council has officially rated the Melbourne Cricket Ground pitch as “unsatisfactory” following the abrupt conclusion of the fourth Ashes Test, which ended inside just two days. The assessment has reignited debate around pitch preparation, competitive balance, and the commercial impact of shortened Test matches.

Under the ICC’s four-tier pitch rating system, an “unsatisfactory” grade is the second lowest possible outcome. It is used when conditions are deemed excessively favourable to either batting or bowling. In this case, the governing body concluded that the surface offered bowlers a disproportionate advantage.

Match referee Jeff Crowe confirmed the decision, pointing to the extraordinary number of wickets that fell during the match. A total of 20 wickets tumbled on the opening day, followed by 16 more on day two. Across four innings, not a single batter managed to reach a half-century, underlining how difficult conditions were for scoring runs.

The rating brought an end to the MCG’s recent run of strong evaluations, with the iconic venue having earned “very good” ratings for the previous three Boxing Day Tests. As per ICC regulations, the ground has also received one demerit point as a result of the ruling.

England secured a four-wicket victory in the final session of day two, sealing the match in a contest dominated almost entirely by seam bowling. While the Perth Test earlier in the series also finished inside two days, that surface was judged far more balanced and retained a “very good” rating.

The MCG wicket was prepared with around 10 millimetres of grass, a decision that produced significant movement and bounce for fast bowlers. While such conditions are not uncommon in Australia, the extent of assistance made batting a major challenge throughout the match.

The financial consequences have been substantial. Cricket Australia is reportedly facing an estimated revenue shortfall of around AUD 10 million due to ticket refunds for days three and four. Officials acknowledged the disappointment felt by fans both at the ground and watching globally.

Cricket Australia’s chief of cricket, James Allsopp, said the pitch failed to deliver the traditional balance expected at the MCG. However, he also praised the ground staff’s long-term record of producing high-quality Test wickets.

Australia coach Andrew McDonald publicly defended curator Matt Page, arguing that occasional poor Tests are part of the game. He stressed that players, particularly batters, must also take responsibility for performances and warned against administrative interference in pitch preparation.

Cricket Australia will conduct its own end-of-season review, with chief executive Todd Greenberg previously stating that shorter Tests are “bad for business.” Despite this, McDonald maintained that Australia should avoid moving towards tailor-made surfaces, preserving the independence of curators.

Australia currently lead the Ashes series 3-1, with the final Test set to begin in Sydney on Sunday.