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[ ISLAMABAD: Pakistan’s August 2025 trade data shows a wider deficit than a year ago, prompting some to question the country’s five-year tariff liberalisation plan. Critics cite the IMF and World Bank-backed reforms in the 1990s, claiming tariff cuts led to weak exports, rising deficits, and de-industrialisation. This view, however, does not stand up to … Read more

BUCHAREST: Romania on Sunday strongly condemned the entry of a Russian drone into its airspace during an attack on neighbouring Ukraine, with the foreign ministry summoning Moscow’s ambassador over the incident. The incursion comes days after fellow NATO member Poland said it had shot down Russian drones which had violated its airspace as Moscow launched … Read more

[ ISLAMABAD: Pakistan’s economy is caught in a cycle of fear-driven policies that hinder growth, repel investment, and deepen structural weaknesses. Instead of fostering confidence, restrictive monetary controls, high tariffs, protectionism, and regressive taxation have created capital flight, widened trade imbalances, and encouraged corruption. The result is billions in revenue losses every year. The State … Read more

[ BRUSSELS: We may not all be supply-siders now, but the Keynesians are going to have to put their economics where their mouths are again. The tax hikes passed in Pakistan by the current government in the last two years have driven the economy into a depression that not even an Indus full of Prozac … Read more

India beat Pakistan by seven wickets in the Asia Cup on Sunday as the neighbours met for the first time since a military conflict between them in May, but tensions simmered after the match as India’s players left the field without shaking hands. The incident has sparked outrage in Pakistan, with the Pakistan Cricket Board … Read more