Author: i2wtc

All eyes were on the Senate session today, as the much-anticipated 27th Constitutional Amendment was expected to be tabled and spark major debate. However, to much disappointment, the draft failed to appear on the floor of the House. Many senior members and key senators were absent, and instead discussed the amendment in their respective party meetings outside the Senate session. The ruling Pakistan Muslim League-Nawaz (PML-N) had already finalised the initial draft of the amendment, with Prime Minister Shehbaz Sharif having consulted coalition partners ahead of its presentation. Federal Minister Rana Tanveer Hussain highlighted that parties are still consulting on…

Backs UN resolution to delist Syrian leaders, calls for stability and reconstructionPermanent Representative of Pakistan to the UN Ambassador Asim Iftikhar Ahmad. photo: file Pakistan has called on India to fully comply with the Indus Waters Treaty (IWT), warning that India’s unilateral suspension earlier this year represents a “deliberate weaponisation of shared natural resources” that threatens ecosystems and the livelihoods of millions. Ambassador Asim Iftikhar Ahmad, Pakistan’s permanent representative to the United Nations, made the remarks during a Security Council briefing on the environmental impact of armed conflict and climate-driven security risks. “India’s unlawful unilateral decision undermines the letter and…

Top Senate Democrat Chuck Schumer on Friday offered a new plan to Republican lawmakers that would allow the U.S. government to reopen from a shutdown that began Oct. 1.But Republicans quickly dismissed Schumer’s proposal.That deal hinges on protecting enhanced Affordable Care Act subsidies for at least one year in exchange for Democrats dropping their demand that a long-term extension of ACA tax credits be included in a stopgap government funding bill.”I find Senator Schumer’s demands ridiculous and equivalent to political hostage taking to continue bad policy, Sen. Lindsey Graham, a South Carolina Republican, said in a post on X.”We should…

Palantir co-founder and CEO Alex Karp attends meetings at the U.S. Capitol in Washington on Oct. 18, 2023.Jonathan Ernst | ReutersWith Palantir’s stock plummeting more than 11% this week despite a better-than-expected earnings report, CEO Alex Karp took aim at investors betting against the software company. Karp, who co-founded Palantir in 2003, went after short sellers in two separate interviews on CNBC this week. After “Big Short” investor Michael Burry revealed bets against Palantir and Nvidia, Karp on Tuesday accused short sellers of “market manipulation.” He repeated that message on Friday in an interview with CNBC’s Sara Eisen, again knocking…

Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, visits the Ye Jianying memorial park to learn about local efforts in promoting revolutionary culture in Meizhou City, south China’s Guangdong Province, Nov. 7, 2025. Xi on Friday inspected the city of Meizhou in south China’s Guangdong Province. (Xinhua/Xie Huanchi)GUANGZHOU, Nov. 7 (Xinhua) — Xi Jinping, general secretary of the Communist Party of China Central Committee, on Friday inspected the city of Meizhou, south China’s Guangdong Province.Xi visited the Ye Jianying memorial park and a pomelo growing base…

Petitioner urges the Supreme Court to protect its own jurisdiction and that of the High Courts A petition has been filed by senior lawyer Barrister Ali Tahir in the Supreme Court under Article 184(3) challenging the proposed 27th Amendment. The petition contests the amendment’s provisions relating to the powers of the Supreme Court and High Courts. It argues that judicial review powers under Articles 184(3) and 199 are a fundamental pillar of the Constitution and cannot be abolished, suspended, or replaced by a parallel system. The purpose of the petition is to preserve the jurisdiction of the higher courts, untouched…

Block shares fell nearly 8% Friday after weak third-quarter earnings fell short of Wall Street expectations and showed slowing profit growth for the company’s Square service.Here is how the company did compared with LSEG estimates:Earnings per share: 54 cents adjusted vs. 67 cents expectedRevenue: $6.11 billion vs. $6.31 billion expectedRevenue for the quarter was up 2% over last year. The Jack Dorsey-founded firm’s shares have fallen 24% year to date.Square’s gross payment volume was up 12% year over year, but gross profit growth for the point-of-sale service was only up 9% over a year ago, slowing from last quarter’s 11%.The company attributed…

US President Donald Trump makes an announcement in the Oval Office of the White House in Washington, DC on Nov. 6, 2025. Andrew Caballero-Reynolds | AFP | Getty ImagesPresident Donald Trump on Thursday struck landmark deals with Eli Lilly and Novo Nordisk that could mark a turning point in how many people can access their costly blockbuster obesity drugs. Under the agreements, Medicare will start covering GLP-1s for obesity for certain patients for the first time beginning in mid-2026 – a shift that will open access to millions of older adults and could spur more employers and other private insurers to…

KARACHI: The Pakistan Stock Exchange turned positive after three consecutive days of losses as the benchmark KSE-100 index rose nearly 500 points, driven by remittance data released by the State Bank of Pakistan. In October 2025, the remittances from expatriate Pakistani workers abroad showed inflows of $3.4 billion. In terms of growth, the remittances spiked 7.4% month-on-month and 11.9% year-on-year. At the commencement of trading in the morning, the stock market remained positive and after a couple of dips, it rose significantly by midday. Following the Friday break, the index advanced to the intra-day high of 160,436 points. Afterwards, investors…

Affirm CEO Max Levchin said Friday that while the buy now, pay later firm isn’t seeing credit stress among federally employed borrowers due to the government shutdown, there are signs of a change in shopping habits.”We are seeing a very subtle loss of interest in shopping just for that group, and a couple of basis points,” Levchin told CNBC’s “Squawk on the Street.”At least 670,000 federal employees have been furloughed in the shutdown, and about 730,000 are working without pay, the Bipartisan Policy Center said this week.Levchin said he’s closely watching employment data for signs of major disruptions, but the company…