Rawalpindi Council funds shift to tehsils; 286 schemes fall victim to restructuring RAWALPINDI: The funds of all 40 district councils across Punjab, including the Rawalpindi District Council, have been frozen following the introduction of the new local government system, resulting in the cancellation of all 286 small and large development schemes of the Rawalpindi District … Read more

. LAHORE: The PPP will announce its position on elections to reserved seats in the Azad Jammu and Kashmir (AJK) Legislative Assembly today (Monday), while the PML-N has reportedly finalised its candidates for the seats. The AJK Election Commission has announced the schedule for elections to all eight reserved seats despite polling on seven of … Read more

As federal debt nears $40tr, rising interest costs and inflation are reshaping risks KARACHI: The US federal debt is swelling to a level that nobody would have imagined a generation ago: $40 trillion. As of July 30, the federal debt stood at $39.84 trillion, jut $159 billion shy of the symbolic milestone, according to Treasury … Read more

KARACHI: Pakistan should now set a clear sovereign rating objective: S&P’s B+ within two years and Moody’s B1 within three to five years. S&P raised Pakistan to B in July 2026, while Moody’s has kept it at Caa1 since August 2025. The country deserves recognition for avoiding default and restoring stability, but ratings are earned … Read more

. The Taliban have now been in power for five years. Having established relative peace inside Afghanistan, the administration is struggling to keep its promises of embracing diversity and forming an inclusive government. The sole positive note is that the political landscape in the war-torn country has settled and is now free from external intervention. Yet, … Read more