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Punjab freezes funds of 40 district councils

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

Earning S&P, Moody’s next upgrade

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

Taliban at five

. 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

Pakistan, seven others condemn Israel’s rejection of Gaza roadmap

Foreign ministers of eight countries say Israel bears responsibility for obstructing efforts to end the war in Gaza Palestinians walk past the rubble of residential buildings destroyed during the war, at Jabalia refugee camp in the northern Gaza Strip, August 5, 2026. — REUTERS Pakistan and seven other Islamic countries on Sunday condemned Israel’s declared … Read more