Author: i2wtc

Justice Babar Sattar issued a detailed 73-page order, orders to send copy of judgment to Ministry of Law, JusticeJustice Babar Sattar. PHOTO: FILE ISLAMABAD: The Islamabad High Court (IHC) on Wednesday ruled that the executive must consult the judiciary for the appointment and removal of judges in Islamabad. Justice Babar Sattar issued a detailed 73-page written order, declaring that the terms of service of judges include the exercise of powers independently, impartially, and free from external pressure. The court further held that the federal government should exercise its powers of appointment or removal of judges only after consulting the IHC.…

Swissmediavision | E+ | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Keeping wealth in the family is easier than controlling how your heirs invest it.For investment firms of ultra-wealthy families, the stakes are especially high. A recent Bank of America survey of 335 family offices, with 60% of respondents holding at least $500 million in assets, found that 87% had yet to pass down assets to the next generation.More than a third of family offices…

The budget plans to take on new debt of Rs11 trillion. This will be added to the already crippling level of existing debt, which stands at Rs76 trillion. photo: file LAHORE: Pakistan’s growing foreign debt burden continues to weigh heavily on the national economy, with the country paying billions of dollars annually in interest to international lenders, mainly the International Monetary Fund (IMF). According to the Pakistan Industrial and Traders Association Front (PIAF), Pakistan has paid the equivalent of $2.69 billion in interest under various IMF programmes, including $401.24 million Special Drawing Rights (SDR) in additional charges from 2008 to…

Specialized Digital Skills Training of Trainers Program launched under the Prime Minister’s Youth Programme. Photo file ISLAMABAD: With 37% of Pakistan’s youth neither employed nor enrolled in education or training, the government has proposed to China to offer 10,000 PhD scholarships to Pakistani students at the top 25 Chinese universities. The initiative aims to equip young people with education in emerging disciplines and support the modernization of Pakistan’s economy. The proposal was presented to Chinese authorities during a recent meeting of the Joint Cooperation Committee of the China-Pakistan Economic Corridor, said Minister for Planning Ahsan Iqbal on Wednesday while talking…

Petition asserts that Entry 55 of Federal Legislative List bars Parliament from legislating on SC’s jurisdiction A day after former Chief Justice of Pakistan Jawwad S. Khawaja challenged the 27th Constitutional Amendment before the Supreme Court, a group of lawyers, including Asad Rahim Khan and Zeeshaan Hashmi, have also petitioned the apex court against the curtailment of its jurisdiction.  In a petition filed through their counsel, Umer Gilani ASC, the petitioners have argued that the amendment represents the most severe encroachment on judicial independence, “since the advent of the Government of India Act, 1935”.  Read: Ex-CJP Jawwad S Khawaja challenges 27th…

Tencent on Thursday posted 15% year-on-year revenue growth, with AI boosting the Chinese tech giant’s performance in advertising targeting and gaming.Here’s how Tencent performed in the third quarter of 2025, per earnings released on Thursday: Revenue: 192.9 billion Chinese yuan ($27.12 billion), surpassing the 189.2 billion Chinese yuan expected analysts, according to data compiled by LSEG. Operating profit: 63.6 billion yuan, versus 58.01 billion yuan expected by the street.  Gaming, marketing and social media services, which makes up Tencent’s core business, raked in 95.9 billion Chinese yuan, representing 16% year-on-year growth.Domestic games venues rose 15% over the same period, driven by the recently-released “Delta Force” and “VALORANT…

The information surfaced on a reporter WhatsApp group: Eight small children had been infected with HIV supposedly at Kulsum Bai Valika hospital in Karachi and two were dead. Every reporter was busy calling their Sindh government contacts to get confirmation and details. Since I am new to Health reporting, I decided to go to the area’s Pathan Colony to see if I could find any parents who might know how this happened? Was there any connection with Kulsum Bai Valika Hospital as people were claiming? It took me a while to reach Valika hospital in SITE, which sits to the…

The 27th Constitutional Amendment is back in the Senate for a vote on Thursday (today), after additional changes to the bill on Wednesday. The bill approved by the National Assembly comprises 56 clauses and will be presented in the Senate in the same form. Out of these, eight clauses are set to be approved by the upper house. Senate session Questions over Senator Saifullah Abro’s resignation were raised with Pakistan Tehreek-e-Insaf’s Senator Ali Zafar, who stated that, according to Article 63A, Abro has been disqualified from the party due to voting against party policy in the Senate vote on the 27th…

Traders work on the floor of the New York Stock Exchange (NYSE) on Nov. 12, 2025 in New York City. Spencer Platt | Getty Images The divergence between the performance of the Dow Jones Industrial Average and Nasdaq Composite on Wednesday stateside reinforces the suggestion that there are two markets operating in the U.S.: one of an artificial intelligence and another of “everything else.”Not only did the Dow rise, it also secured its second consecutive record high and closed above the 48,000 level for the first time.The index, which comprises 30 blue-chip companies, is typically seen as a marker of…

Delegates attend a peace jirga convened by the Khyber-Pakhtunkhwa government in the provincial assembly in Peshawar. Photo: PPI PESHAWAR: Khyber Pakhtunkhwa’s political and civic leadership on Wednesday urged a politics-free, united approach to tackle terrorism and secure the province’s constitutional and fiscal rights, as a multi-party peace jirga met in Peshawar to map out a common strategy. In a rare show of unity, leaders from across the political spectrum called for an inclusive and permanent counterterrorism policy that transcends party lines and prioritises the province’s security and rights. The peace jirga strongly condemned terrorism and called for a comprehensive strategy…