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Market traders strike in Pakistan over power bills and inflation

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Public markets across Pakistan stayed closed on Saturday due to a strike by retail associations over rising electricity prices and brisk inflation, as the country embarks on a tricky path to economic recovery.

A $3 billion loan programme, approved by the International Monetary Fund (IMF) in July, averted a sovereign debt default in Pakistan but reforms linked to the bailout have fuelled annual inflation running at 27.4%, Reuters reported.

“Today, traders are observing a shutter down strike across Pakistan against the over charging electricity tariff and unjustified taxes,” Ashraf Bhatti, president of the All Pakistan Traders Association, told Reuters.

Major markets in Lahore and Karachi, Pakistan’s two largest cities, remained shut on Saturday though grocery shops in populated neighbourhoods and medical stores stayed open.

In the southwestern city of Quetta, the capital of Balochistan province, public markets were shuttered all day for the protest, which was called by Jamaat-e-Islami, an Islamist opposition party and joined by traders’ groups.

“It is the matter of the entire country as the common man is being badly affected,” said Abdul Rehim Kakar, leader of a traders’ association of Balochistan.

Worsening economic conditions, along with rising political tension ahead of a national election scheduled for November – but which is likely to be delayed, have triggered sporadic protests in recent weeks.

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North Korea’s Kim Jong Un signals continued missile development over next five years

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North Korean leader Kim Jong Un has signaled that the country will continue developing missiles over the next five years, following visits to major munitions enterprises in the last quarter of 2025, state media KCNA reported on Friday.

Kim said the country’s missile and shell production sector is “of paramount importance in bolstering war deterrence,” according to KCNA.

The report said Kim ratified draft documents on the modernization of key munitions enterprises, which will be submitted to a major ruling party congress expected to be held in early 2026. The congress is set to outline North Korea’s development plan for the next five years.

KCNA’s report follows Thursday’s disclosure that Kim oversaw the construction of an 8,700-ton nuclear-powered submarine alongside his daughter, widely seen as a potential successor, as well as the test-firing of long-range surface-to-air missiles.

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Turkey detains 115 suspected Daesh members believed planning attacks

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Turkish authorities have detained 115 suspected Daesh members they said were planning to carry out attacks on Christmas and New Year celebrations in the country, the Istanbul chief prosecutor’s office said on Thursday.

Istanbul Police obtained information that Daesh members had planned attacks in Turkey, against non-Muslims in particular, during Christmas and New Year celebrations, the prosecutor’s office posted on X, Reuters reported.

The police raided 124 places in Istanbul, capturing 115 of the 137 suspects they were seeking, the statement said. Several pistols and ammunition were seized, it said.

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Pakistan agrees to $4 billion arms deal with Libyan National Army

The package reportedly includes air, land and naval equipment and may involve the sale of JF-17 fighter jets and Super Mushak trainer aircraft to Libya.

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Pakistan has reached a military equipment deal worth more than $4 billion with Libya’s eastern-based Libyan National Army (LNA), Pakistani officials said, despite a long-standing United Nations arms embargo on the country.

The agreement was finalised following a recent meeting in Benghazi between Pakistan’s Army Chief, Field Marshal Asim Munir, and Saddam Khalifa Haftar, the LNA’s deputy commander-in-chief. Officials said the deal will be implemented over about two and a half years, Reuters reported.

According to officials familiar with the agreement, the package includes air, land and naval equipment and may involve the sale of JF-17 fighter jets and Super Mushak trainer aircraft. Estimates of the deal’s value range between $4 billion and $4.6 billion, making it one of Pakistan’s largest-ever defence exports.

The LNA confirmed entering a defence cooperation pact with Pakistan, covering weapons sales, training and military manufacturing, though it did not provide details. Haftar described the agreement as the start of a “new phase of strategic military cooperation.”

Libya has been under a UN arms embargo since 2011, requiring international approval for weapons transfers. It remains unclear whether exemptions have been sought. Pakistani officials said the deal does not violate UN restrictions, noting that several countries continue to engage militarily with Libyan factions.

Pakistan has been actively expanding its defence exports, promoting its domestically produced and China co-developed JF-17 fighter as a lower-cost alternative to Western aircraft.
The Libya agreement would mark a significant expansion of Pakistan’s defence footprint in North Africa amid growing international competition for influence in the country.

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