Pakistan Financial News

Kangana Ranaut on Monday said it is a matter of great honour that Bangladesh leader Sheikh Hasina «feels safe in Bharat» after Hasina resigned as prime minister and landed near Delhi in a military aircraft amid unrest in her country. Ranaut, a national award-winning actor and BJP MP from Mandi in Himachal Pradesh, also criticised those questioning "Hindu Rastra (a Hindu nation)". She claimed that Muslim countries are not safe «even for Muslims». «Bharat is the original motherland of all Islamic Republics around us. We are honoured and flattered that honourable Prime Minister of Bangladesh feels safe in Bharat but all those who live in India and keep asking why Hindu Rashtra? Why Ram Rajya? Well it is evident why!!! »No one is safe in Muslim countries not even Muslims themselves. Unfortunate whatever is happening in Afghanistan, Pakistan, Bangladesh and Britain. We are lucky to be living in Ram Rajya," the 38-year-old MP, who has often courted controversies with her remarks, said in a post on X.

Mint goes into the details on the latest developments in Bangladesh and the implications for India. The protests were triggered by students seeking the dismantling of quota-based reservations in government jobs. The unrest snowballed after a court ruling in June reinstated reservations in government jobs.

With Prime Minister Sheikh Hasina Wajed's resignation and flight and the army's assumption of power, albeit in the guise of an interim government, military rule has returned to Bangladesh over three decades after it was forced out in 1990. Parliamentary elections were held in 1991, and elected governments have held office in the country since.

interest rates this week as a long-awaited, but potentially short-lived, divergence in monetary policies deepens. The Bank of Japan kicked off the action on Wednesday by unexpectedly hiking before the Federal Reserve decided to stay on hold while signaling a potential cut in September. On Thursday, the Bank of England lowered borrowing costs for the first time since the start of the pandemic. Data out Friday showed US hiring slowed markedly in July and the unemployment rate rose to an almost three-year high, raising recession concerns and putting the Fed solidly on a path to cutting interest rates in September. It also spurred a deep selloff in the stock market.

Bangladesh has accused the Pakistan High Commission in Dhaka of interfering in the internal affairs of the country through its tacit support and active guidance to the radical student protestors in the country. This comes as the movement led by radical Jamaat-e-Islami and the opposition BNP intensified in Bangladesh. Several reports suggested that the Pakistan mission is in touch with a section of student protesters belonging to pro-Pakistan Jamaat, which is banned in Bangladesh. The country has seen weeks of often violent protests over Prime Minister Sheikh Hasina-led government's decision to offer quota in government jobs to children of 1971 freedom fighters as opposed to family members of pro-Pakistan and anti-liberation figures during the country's freedom struggle.

CBI has registered an FIR into a major racket of making Aadhaar cards allegedly using forged documents and fingerprints for Rs 25,000 in Rajasthan, officials said, adding that three persons have been booked. In some cases, fingerprints and retina scans of school kids, even toe prints were used to make the Aadhaar cards, they said. The matter came to light through a news report after a complaint was filed with police by a programmer in the department of information technology and communication, Manohar Lal, in Sanchore, they said.

Pakistan government on Friday decided to provide financial assistance to the families of missing persons as pressure mounted on authorities to address the issue of forced disappearances in the country. The decision was taken in a meeting of the cabinet which discussed reports of two previous committees set up to investigate the issue of missing persons, Law Minister Azam Nazeer Tarar said at a press conference. He said that families of missing persons face several economic problems and the cabinet decided to provide urgent support to them after due diligence. «A special committee will be formed to determine which families need an immediate support package, after which each [eligible] family will receive Rs 5 million,» Tarar said. «Keep in mind that this is not compensation of any kind, as there is no compensation for a human life,» the law minister clarified, adding that the assistance aimed to help them meet legal and financial challenges.

BSF Director General (DG) Nitin Agrawal and his deputy Special DG (West) Y B Khurania, sending them back to their respective state cadres with immediate effect, according to a government order. Agrawal is a 1989-batch Kerala cadre officer, while Khurania belongs to the 1990-batch of the Odisha cadre. Agrawal had taken charge as the Border Security Force chief in June last year. Khurania, as the special DG (West), was heading the formation of the force along the Pakistan border. Separate orders issued by the Appointments Committee of the Cabinet (ACC) conveyed they were being «prematurely» repatriated with «immediate effect.»

Pakistan's ethnic Baloch protestors have decided to call off a nearly week-long sit-in in the coastal city of Gwadar against alleged human rights violations in the resource-rich Balochistan province after «successful negotiations» with the provincial government, the authorities said on Friday. The Baloch Yakjehti Committee (BYC) had been holding protests at the city's Marine Drive area against the alleged human rights violations, enforced disappearances and alleged extrajudicial killings in Balochistan. Balochistan's interior minister Mir Zia Ullah Langov held talks with BYC leader Dr Mahrang Baloch, a young woman from the province, and the two sides signed a seven-point agreement. «Negotiations between the Baloch Yakjehti Committee and the district administration have been successful and the organisers of the committee have agreed to end their sit-ins across the province,» Langov said in a statement.

BJP for «destroying» the Indian economy through «wrong policies», Jharkhand Chief Minister Hemant Soren on Friday said the saffron party was hell-bent on making the country's condition «worse than neighbouring Pakistan». Addressing the assembly on the concluding day of the monsoon session, he accused the BJP of playing «vote-bank politics» by dividing people in the name of religion. «The country is passing through a difficult phase; the economy is in peril, due to the wrong policies of the BJP-led central government. They are hell-bent on making the country's condition worse than Pakistan,» Soren said. He also said the people of Ayodhya gave a befitting reply to the BJP in the Lok Sabha polls for «dividing the country» on religious lines.

Pakistan-Afghanistan border at Torkham after authorities started asking Afghan cargo truck drivers for travel documents, Pakistan-based The Express Tribune reported. In response to the decision, Taliban authorities suspended all vehicular movement entering Pakistan. Earlier in January, the Pakistgovernment had implemented the rules of visa and travel documents requirements, according to a customs official. However, they agreed to the Taliban's request and placed an exemption till July 31. Speaking to The Express Tribune, an official said, «Today, as the period of six months has expired, the Afghan side has been informed that the travel documents requirement would be reimposed from Thursday.»

When Bangladesh makes international news, it’s usually for tragedies: devastating cyclones, massive industrial accidents, grisly terrorist attacks. Even by those dismal benchmarks, the latest story from Bangladesh stands out—the deaths this month of more than 200 people during a government crackdown on student protests. The violence may signal the beginning of the end for 76-year-old Prime Minister Sheikh Hasina, under whose increasingly autocratic rule the country has turned into a de facto one-party state.

China will ban the export of all unregulated civilian drones that can be used for military purposes or in terrorist activities and restrict certain drone features

Balochistan province over the administration’s decision to turn the area around the China-built Gwadar port into a military installation zone.

Ministry of Home Affairs has revised the financial powers of Director Generals of paramilitary forces and other intelligence agencies for rewards to informers in operational areas.

Pakistan Army on Tuesday announced that it sentenced a former officer to 14 years of imprisonment on the charges of sedition. Retired Lieutenant Colonel Akbar Hussain was convicted and sentenced through Field General Court Martial (FGCM) under the Pakistan Army Act 1952 on charges of inciting sedition among army personnel from discharge of duties, according to a statement by the army. «The court of competent jurisdiction adjudged him 'guilty' of the offence charged, through due judicial process and awarded the punishment of 14 years rigorous imprisonment on May 10,» it stated. According to the sentence, the Rank of the officer was forfeited on July 26, it further said.

monsoons in northwest Pakistan triggered flash flooding, killing at least 14 people, 11 from the same family, officials said Tuesday.

Onion prices are expected to stay elevated at least for a fortnight as farmers are delaying sale of their harvest, expecting better prices as seen by a 50% drop in arrivals at the benchmark Lasalgaon market in Nashik. Arrival of the new crop from south India is likely to help soften onion prices from mid-August, say traders.

infiltration by Pakistani Special Service Group (SSG) commandos.

K C Venugopal. The reports claimed that Venugopal attended a programme organised by a bank employees' union in his constituency, Alappuzha, on July 27, where the name of former Pakistan President Pervez Musharraf was allegedly included in the list of prominent personalities to be paid tributes.

MQ-9B Predator drone deal between India and the US, American side is proposing to provide consultancy to Indian entities for developing an indigenous advanced unmanned aerial vehicle.