Author: i2wtc
LAHORE: The Pakistan Tehreek-e-Insaf (PTI) has criticised the proposed 27th Constitutional Amendment, calling it a blatant attempt to undermine the Constitution and the judiciary. Addressing a press conference on Monday, PTI’s provincial. legislator Sheikh Imtiaz and Central Punjab Information Secretary Faiza Murad described the amendment as “a theft rather than reforms,” claiming it had nothing to do with the will of the people and everything to do with political control. They alleged that the government is pursuing a long-standing authoritarian ambition, referring to it as a dream once envisioned by General Ziaul Haq and later attempted by General Pervez Musharraf…
PAAPAM says rising influx threatens Rs300b local production, 1.83m jobs as reduced duties distort competitionThe commerce minister directed industry stakeholders to submit comprehensive proposals for a long-term automotive policy aligned with national industrial goals. Photo: file LAHORE: Pakistan’s local automobile industry has sounded a loud alarm over rising used-car imports, warning that the market share of imported vehicles could soar to 50% if current fiscal and import policies continue unchecked. The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) fears this surge would cripple local production and dismantle the industrial ecosystem that took decades to develop. “Industry data indicate…
The Sony Group Corp. logo displayed on a screen at the Combined Exhibition of Advanced Technologies (Ceatec) in Chiba, Japan, on Wednesday, Oct. 16, 2024. Bloomberg | Bloomberg | Getty ImagesSony Group on Tuesday reported an increase in its second-quarter operating profit that beat expectations, while announcing a share buyback of up to 100 billion Japanese yen ($648 million).Here are Sony’s second-quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate: Revenue: 3.108 trillion Japanese yen vs. 2.985 trillion yen expectedOperating profit: 429 billion yen vs. 398.44 billion yen expectedSony’s operating profit jumped 10% compared to the…
Military media wing says 12 terrorists neutralised in Dara Adam Khel, eight in Shawal Security forces killed 20 terrorists during two intelligence-based operations in Khyber-Pakhtunkhwa, the military’s media wing said on Monday. According to the Inter-Services Public Relations (ISPR), the operations targeted members of Fitna al Khwarij, described as an Indian proxy group, in North Waziristan and Dara Adam Khel districts. “In the general area of Shawal, North Waziristan, security forces conducted an operation on reported presence of terrorists. During the operation, eight Indian-sponsored ‘Khwarij’ were neutralised,” the ISPR stated. Another IBO was carried out in the Dara Adam Khel…
Elon Musk, CEO of Tesla, speaks during the 2025 Annual Shareholder Meeting on Nov. 6, 2025.Courtesy: TeslaTesla shareholders voted last week to give CEO Elon Musk a record pay package, one that could net him about $1 trillion in company stock over the next decade. But Musk received less support than he did for an earlier pay plan in 2018.Setting aside holdings owned by board members and executives, about 66% of shares tabulated in the vote were in favor of the package, according to a filing on Friday. When shareholders voted on the 2018 plan, that number was 73%, according to…
Jakub Porzycki | Nurphoto | Getty Images Investors piled back into artificial intelligence names on Monday stateside. Shares of Nvidia jumped 5.8%, Broadcom advanced 2.6% and Microsoft climbed 1.9% to end its eight-day losing streak, its longest consecutive decline since 2011.Market watchers are hoping that another historically long streak — the U.S. government shutdown — could soon be snapped as well. As of this newsletter’s publication time, lawmakers in the U.S. Senate are voting on a deal to reopen the government, though it still has to pass through the House and then signed into law by President Donald Trump (who…
Participants arrive at the venue of the 30th United Nations climate change conferencein Belem, Brazil, Nov. 10, 2025. The 30th United Nations climate change conference, commonly known as COP30, opened Monday in Belem, in the Brazilian state of Para, with the aim of putting the fight against climate change back in the center of international priorities, according to local authorities. (Photo by Claudia Martini/Xinhua)BELEM, Brazil, Nov. 10 (Xinhua) — The 30th United Nations climate change conference, commonly known as COP30, opened Monday in Belem, Brazil, with the aim of putting the fight against climate change back in the center of…
Opposition members protest, tear up copies of bill, raise slogans against government The Senate approved the 27th Constitutional Amendment Bill 2025, with a two-thirds majority amid uproar from opposition members. Senate Chairman Yousuf Raza Gillani announced that 64 members voted in favour of the bill, while none opposed it. “The bill is hereby passed,” he declared. Earlier, Law Minister Azam Nazeer Tarar presented the motion for approval of the 27th Constitutional Amendment, which was adopted by a majority vote. During the session chaired by Gillani, the law minister presented each clause of the bill separately for approval. Members of the…
A staff member sorts parcels at a branch of China Post in Harbin, northeast China’s Heilongjiang Province, Nov. 10, 2025. With the “Double Eleven” online shopping festival approaching, a branch of China Post in Harbin has taken measures to ensure package delivery. (Xinhua/Zhang Tao)Staff members sort parcels at a branch of China Post in Harbin, northeast China’s Heilongjiang Province, Nov. 10, 2025. With the “Double Eleven” online shopping festival approaching, a branch of China Post in Harbin has taken measures to ensure package delivery. (Xinhua/Zhang Tao)A staff member sorts parcels at a branch of China Post in Harbin, northeast China’s…
Influencers call policy ‘futile’, claim social media posts create ‘fabricated’ wealth images The Federal Board of Revenue (FBR)’s move to track potential tax evaders through social media has ignited widespread criticism across business and social circles. The tax authority reportedly collected data of thousands of users and issued notices to those flagged for “unexplained wealth”, triggering outrage amongst traders, financial experts and online influencers who call the move invasive and misguided. FBR officials claim the measure is part of an established “lifestyle-based” assessment method, where visible assets and spending patterns are examined to gauge undeclared income. However, critics argue that…