Pakistan Financial News

Joe Root scored an unbeaten half-century to overtake Alastair Cook as England's leading run-scorer in test cricket and guide the team to 232-2 at lunch on the third day of their opening match against Pakistan on Wednesday. Root began the day on 32 not out, needing a further 39 runs to eclipse Cook's tally of 12,472, and the former captain eased to his target with an on-drive for four off Aamer Jamal before soaking up loud applause from the travelling English fans. England were trailing by 324 runs when the session ended, with Root batting on 72 and Ben Duckett on 80 not out.

Officials say a massive explosion outside Pakistan's Karachi Airport has killed two workers from China and injured several others

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India Women registered their first win in the ongoing ICC Women's Word Cup on Sunday after beating arch-rival Pakistan by wickets six and seven balls to spare at the Dubai International Cricket Stadium in the United Arab Emirates. Chasing 106 to win, opener Shafali Verma led the charge with a steady 32, while Jemimah Rodrigues scored 23 runs. Captain Harmanpreet Kaur handled a mini-collapse where India lost two wickets in as many balls when the score was at 80. The skipper remained unbeaten on 29, but was retired hurt with just two runs needed to win. Kaur injured her neck after she lost balance attempting to hit the winning runs. Earlier, the bowlers did a great job to restrict Pakistan to 105/8 in 20 overs. Pacer Arundhati Reddy spearheaded India's bowling with 3/19, earning her the Player of the Match award. Off-spinner Shreyanka Patil did not allow the batters to settle and registered figures of 2/12 in four over, including a maiden. Renuka Singh Thakur, Deepti Sharma, and Asha Sobhana picked up a wicket each. For Pakistan, Nida Dar scored a 34-ball 28 after being reduced to 41/4 inside 10 overs. Captain Fatima Sana and Syeda Shah played little cameos to help their team cross the 100-run mark.

The prime ministers of Malaysia and Pakistan have agreed to increase bilateral trade and boost economic ties after talks in Islamabad

Mirwaiz Umar Farooq on Friday urged the BJP-led central government to be realistic and restart the dialogue process for the resolution of Kashmir issue and follow the path set by former prime ministers Atal Bihari Vajpayee and Manmohan Singh. The authorities allowed Mirwaiz to address Friday congregation at historic Jama Masjid after a month-long house arrest for which he has approached J&K High Court as well. The court on Friday directed senior additional advocate general to file response as to whether the petitioner has been put under undeclared house arrest. The case will now be heard in November. «BJP govt should take a realistic approach and accept that we have to resolve this (Kashmir) issue. A precedent in this regard is available with us, like when we spoke with Atalji, Advaniji and Manmohan Singhji, to look for options and a way forward. We need to revisit the same policy if the government wants to resolve this issue,» said Mirwaiz during the Friday congregation. Mirwaiz said that Hurriyat as an organisation may be in disarray after 2019 as several people were arrested and summoned, but it still represents sentiments and emotions of the people of J&K. He said that as long as a part of J&K is in India, a part in Pakistan and some parts in China, especially after 2019, the future of the region is uncertain.

Zakir Naik to Pakistan is disappointing and condemnable but not surprising, the Ministry of External Affairs has said. Naik is wanted by Indian authorities for alleged money laundering and inciting extremism through hate speeches. He left India in 2016. The radical preacher is currently on a high-profile visit to Pakistan, where he has met Prime Minister Shehbaz Sharif and is delivering lectures as part of a month-long programme. «It is not surprising for us that the fugitive from Indian law has received a high-level welcome in Pakistan. It is something which is disappointing, that we say (is) condemnable. But at the same time, it's not surprising,» MEA spokesperson Randheer Jaiswal said.

India has moved to withhold Zakir Naik's 'X' account, restricting access to the controversial Islamic preacher's social media in the country. This action followed hours after Pakistan warmly welcomed Naik, who is wanted by Indian authorities for charges related to money laundering and promoting extremism through hate speeches. Naik's presence in Pakistan has triggered fresh diplomatic responses from India, with sharp criticism directed at Islamabad for hosting him.

law and order during the Shanghai Cooperation Organisation summit, which the country is hosting for the first time from October 15-16. The decision to deploy the army has been taken under Article 245 of the Constitution which empowers the government to call army troops to help the civil administration in maintaining peace, according to a notification issued by the Interior Ministry. The ministry said that the federal government is «pleased to authorise the deployment of requisite strength of the Pakistan Army in aid of civil powers from October 5 to 17» in the capital. The notification confirmed that the army will oversee the security of key government buildings and the Red Zone in Islamabad.

Malaysian Prime Minister Anwar Ibrahim is visiting Bangladesh to meet with interim leader Muhammad Yunus, who took over in August after the former prime minister fled during a mass uprising

ceasefire with Pakistan along the LoC in Jammu and Kashmir has sustained and exceptions to any activity taken by the other side is brought to notice through various means, a top Army officer said on Thursday. Speaking at a press conference, General Officer Commanding (GoC) of the Army's strategic Srinagar-based Chinar Corps, Lt Gen Rajiv Ghai, said when the ceasefire understanding with Pakistan came into effect at the beginning of the year 2021, the situation was tenuous on the northern borders with China. «At that point in time, the two countries (India and Pakistan) felt that it was the most apt thing to do so that tensions could be kept under the threshold as far as the LoC (Line of Control) and the western borders are concerned,» he said. Lt Gen Ghai, who is relinquishing the command of Chinar Corps, said the ceasefire understanding has sustained.

Officials say Malaysia’s prime minister has arrived in Pakistan’s capital on his first official visit which is aimed at strengthening ties between the two countries

railway stations and religious places in Rajasthan and Madhya Pradesh was received at the Hanumangarh railway station, police said on Wednesday. Additional SP, Hanumangarh, Pyare Lal Meena said the letter was delivered by post to the Hanumangarh station master and the local police was informed on Tuesday evening. «It was threatened in the letter, which was in the name of Jaish-e-Mohammed, that the railway station and places in Ganganagar, Hanumangarh, Jodhpur, Bikaner, Kota, Bundi, Udaipur, Jaipur will be blown up by bombs on October 30,» he said. The sender also threatened bomb blasts at religious places in Rajasthan as well as in Madhya Pradesh on November 2.

Babar Azam on late Tuesday announced the decision to resign from the captaincy post of Pakistan men's cricket team, saying he wanted to focus on his playing role in future matches. «I am sharing some news with you today. I have decided to resign as captain of the Pakistan men's cricket team, effective as of my notification to the PCB and Team Management last month. It's been an honour to lead this team, but it's time for me to step down and focus on my playing role,» said Azam in a post on X. The skipper said, «Captaincy has been a rewarding experience.» «But it's added a significant workload. I want to prioritize my performance, enjoy my batting, and spend quality time with my family, which brings me joy. By stepping down, I will gain clarity moving forward and focus more energy on my game and personal growth. I'm grateful for your unwavering support and belief in me. Your enthusiasm has meant the world to me. I'm proud of what we've achieved together and excited to continue contributing to the team as a player. Thank you for your love and support,» said Azam.

economic policy framework for the next generation of reforms. That is a sensible move. India has compelling reasons to move away from a textbook framework of open economy macroeconomics. It strives for strategic autonomy in a geopolitically riven world, in which one superpower sits astride the northern border, has built supercharged industrial muscle that can smother Indian industry, and casts a covetous eye on Indian territory. India can find ready support, vis-a-vis China, in the US. However, if the US finds that India is reliant solely on American support, it would have it where China has Pakistan — by the scruff of the neck. India would have to give up all dreams of strategic autonomy.

Security forces on Monday extended the ongoing search operations to new areas in Jammu and Kashmir's Kathua and Rajouri districts to hunt down terrorists following recent encounters in the region, officials said. While a policeman and a terrorist were killed and two police officers injured in a fierce gunbattle in remote Kog-Mandli forest village in Billawar tehsil of Kathua district on Saturday evening, a brief exchange of fire took place between terrorists and security forces in Manial Gali in Thanamandi area of Rajouri district on Sunday evening. A massive search operation is going on for the third day in Kathua with cordon extending to over a dozen other villages near the scene of Saturday's encounter, the officials said. They said at least three more foreign terrorists of Pakistan-based Jaish-e-Mohammad (JeM) are believed to be hiding in the forest belt.

While Jammu has arguably been a bigger gainer of the removal of special status as the power balance with the Valley has ostensibly been reduced, there are many issues that plague the minds of people living in the lower altitudes. High unemployment and lack of jobs commensurate with the education levels is a big worry for the youth. Many young people that ET talked to said they and their peers are working in other parts of the country or going to Singapore, Australia, Canada and the European countries for low-end jobs. Agniveer has also caused a lot of resentment. “Earlier there used to be so many boys running on the roads early in the morning to practice for joining the army but now you hardly see any youngsters doing so. There is not much interest in becoming an Agniveer,” said Narendra Sharma, the PDP candidate in RS Pura, Jammu.

Jammu and Kashmir polls, the Congress on Sunday said Prime Minister Narendra Modi has still not answered the most fundamental question as to why he «failed» to restore full statehood to J&K. The opposition party also claimed that Prime Minister Modi will face a defeat «many orders of magnitude bigger» than the one he faced on June 4 this year when the Lok Sabha poll results were declared. The intense campaigning for the third and final phase of polling in the Jammu and Kashmir Assembly elections concluded on Sunday evening, with major political parties, particularly the BJP, Congress, NC and PDP, engaging in fierce exchanges over critical issues, including Pakistan, Article 370, terrorism and reservation. Voting for this crucial phase, covering 40 assembly segments across seven districts — Jammu, Udhampur, Samba and Kathua in the Jammu region and Baramulla, Bandipora and Kupwara in north Kashmir — is scheduled for October 1.

Rishi Sunak as Conservative Party leader and take his place in the House of Commons as Leader of the Opposition have thrown the spotlight on cutting immigration into the UK, with visas for Indians being singled out in heated debates. Against the backdrop of the launch of the Conservative Party conference in Birmingham on Sunday, former immigration minister Robert Jenrick singled out India as one of the countries that should be subjected to tough visa restrictions across all categories unless it takes back its nationals who enter Britain illegally. His closest contender, shadow housing secretary Kemi Badenoch, has also zeroed in on the same issue and condemned new migrants bringing their disputes from India to cause unrest on the streets of the country. «It is quite clear that there are many people who have recently come to this country who have brought views from their countries of origin that have no place here,» Badenoch told the BBC.

Narendra Modi on Saturday said BJP will form the government in Jammu and Kashmir by winning an absolute majority in the ongoing assembly elections in the union territory. Addressing an election rally in Jammu ahead of the third and last phase of the elections on October 1, Modi said, «In the last two phases heavy voter turnout has conveyed the mood of people of J&K as they have voted in favour of BJP. We are destined to form the government here with absolute majority.» Modi reiterated his government would restore statehood of J&K.

Bharatiya Janata Party will form its first government with full majority in Jammu and Kashmir. Addressing a rally in Jammu ahead of the last phase of polls in Jammu and Kashmir, the Prime Minister exuded confidence of the BJP government being voted into power be it Jammu, Kathua or Samba. «Brothers and sisters, the results will be announced on October 8 and we all have been brought up in the blessings of Mata Vaishno Devi and its Vijayadashmi on October 12. This Vijayadashmi will mark an auspicious beginning for all of us. Be it Jammu, Kathua or Samba, 'Jammu ke yahi pukar, aa rahi hai BJP sarkaar...» PM Modi said.