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The lender that governs

THE IMF’s Executive Board has approved the third review of Pakistan’s 37-month Extended Fund Facility (EFF), adding 11 new conditions and raising total structural conditionality to 75. In addition, there are 30 standing commitments, bringing total compliance requirements to 105. These span fiscal, governance, monetary, foreign exchange, financial, energy, state-owned enterprises, trade, investment, deregulation, social protection, and anti-corruption measures — many extending well beyond the IMF’s core mandate and institutional competence. The sheer breadth of this conditionality now touches almost every sphere of economic activity and governance, steadily eroding Pakistan’s policy autonomy and economic sovereignty. Parliament is required to approve the FY27 budget in line with the IMF’s stringent and intrusive policy advice and targets, effectively reducing the legislature to a rubber stamp. Pakistan is to phase out fiscal incentives for Special Economic and Technology Zones, publish...
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Pressure politics

THE Abraham Accords were presented as a historic peace initiative in the Middle East. In reality, they were agreements brokered during US President Donald Trump’s first presidency under which several Arab states normalised ties with Israel without resolving the Palestinian issue. Mr Trump now appears keen to expand the Accords again , pushing more Muslim countries to join after the recent Iran conflict. It is a dangerous and deeply dishonest move, driven less by regional peace than by pressure from Israel’s supporters in Washington and America’s hard-line pro-Israel right. The attempt to connect the Iran conflict with the Abraham Accords makes little sense. The tensions involving Iran are rooted in long-running regional rivalries and military escalation. They do not suddenly erase the central issue that has shaped Middle Eastern politics for decades, which is the denial of Palestinian rights and the absence of a Palestinian state. Yet this latest pus...
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Viral fame spares ‘Donald Trump’ buffalo from Eid sacrifice in Bangladesh

A rare albino buffalo in Bangladesh — nicknamed “Donald Trump” for its distinctive blond tuft — has been ​spared from Eidul Azha sacrifice after a ‌last-minute government intervention, a Home Ministry official said on Wednesday. The nearly 700-kg animal had already been sold for ritual ​slaughter when authorities stepped in, citing security ​concerns after a surge of public interest ahead ⁠of Thursday’s festival. Home Minister Salahuddin Ahmed ordered the ​buffalo be spared, the buyer refunded, and the animal ​moved to the national zoo in Dhaka. “At the last moment, the decision was taken to spare the buffalo from sacrifice due ​to security concerns and the unusual level of ​public interest,” a ministry official said. What began as a routine ‌Eid ⁠purchase quickly turned into a nationwide curiosity after videos went viral. Crowds gathered at the farm, with visitors travelling from far afield to see its blond ​fringe and calm ​demeanour. Farm owner ⁠Ziauddin Mridha said the name ca...
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Situationer: Continuation of ‘Urumqi process’ raises hopes for Pak-Afghan patch-up

• Beijing’s envoy already laying groundwork to continue Islamabad-Kabul mediation efforts • Pakistani circles ‘fed up’ by failure of bilateral efforts, pin their hopes on Chinese shepherding the process CHINA’S diplomatic mediation between Pak­istan and Taliban-ruled Afghanistan is keeping hopes alive for a possible rapprochement. After hosting their first meeting in Urumqi, Xinjiang, in April — aimed at bringing an end to the Islamabad-Kabul animosity — Beijing now intends to hold a second meeting to keep the process on track, according to people familiar with discussions. For the better part of the year, conflict between the two neighbours has badly affected trade, transit, cross-border movement of common people, and those living in the border regions. Both sides seem to be inflexible on core issues, such as opening bilateral government channels, trade and movement of people. While the signals from Kabul regarding the ‘Urumqi process’ have been ...
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Iran vows not to let aggression go unanswered after US violates truce

• Washington says strikes targeted Iranian missile sites, mine-laying boats • Rubio says Iran deal may take ‘a few days’; insists Hormuz will reopen ‘one way or the other’ • Iran says US drone downed, F-35 fired at; tanker damaged by external explosion off Oman • Trump to hold Camp David cabinet meeting on Iran crisis TEHRAN: Iran accused the United States of breaching their ceasefire on Tuesday and warned it was ready to retaliate and “will not leave any evil unanswered” after overnight US strikes targeting Iranian missile sites and mine-laying boats threatened a deal to end the war. The Brent benchmark oil price jumped up by more than four per cent after US Central Comm­and announced the new wave of bombings, and China urged both sides to respect the truce and to resolve their dispute peacefully. US Secretary of State Marco Rubio, meanwhile, said negotiating a deal to halt the conflict could “take a few days”. According to Iranian media, Iran’s negotiators had been pushing for t...
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Punjab Home Department lists organisations barred from collecting animal hides on Eidul Azha

The Punjab Home Department on Tuesday issued a list of banned and monitored organisations ahead of Eidul Azha, urging citizens not to donate sacrificial animal hides to such groups or their affiliated organisations. According to a spokesperson for the department, “Providing any kind of assistance to banned organisations is a punishable offence under the Anti-Terrorism Act 1997.” He further warned that individuals found supporting organisations involved in terrorism or anti-state activities would face legal action. According to the list issued by the Home Department, the banned organisations included Lashkar-i-Jhangvi, Jaish-i-Mohammed, Lashkar-i-Taiba, Tehreek-i-Taliban Pakistan, Al Qaeda, Daesh, Jamaatud Dawa, Falah-i-Insaniat Foundation and several other proscribed or monitored entities. “Citizens are advised to donate sacrificial hides only to organisations registered with the Punjab Charity Commission (PCC),” he said, adding that the authenticity of registered organisations cou...
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Balochistan tragedy

A PALL has descended on Eid festivities. The Sunday suicide bombing in Quetta has left many grieving their loved ones at a time when others will be celebrating the bonds of faith and family. According to the official count, more than a dozen lives were snuffed out, and at least 20 people were left injured; later reports put the toll much higher. Maimed bodies of women and children were seen being carted from the site on stretchers. One wonders what monstrous instinct compelled the perpetrators to commit such senseless violence. Officials and hospital sources later noted that the victims were mainly passengers of the ill-fated shuttle train, on their way to board the Peshawar-bound Jaffar Express, as well as pedestrians and residents living along the railway track where the bombing occurred. The Balochistan Liberation Army claimed the attack, cementing its credentials as a terrorist outfit that resorts to violence against defenceless victims. The fact ...
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