India’s PM Modi maintains there was no US mediation in ceasefire with Pakistan

India’s PM Modi maintains there was no US mediation in ceasefire with Pakistan
US President Donald Trump and Indian Prime Minister Narendra Modi hold a joint press conference in the East Room of the White House in Washington, DC, on February 13, 2025. (AFP/File)
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Updated 18 June 2025

India’s PM Modi maintains there was no US mediation in ceasefire with Pakistan

India’s PM Modi maintains there was no US mediation in ceasefire with Pakistan
  • Trump had said last month the nuclear-armed South Asian neighbors agreed to a ceasefire after talks mediated by the US
  • Pakistan has previously said ceasefire happened after its military returned a call the Indian military had initiated on May 7

NEW DELHI: India’s Prime Minister Narendra Modi maintained in a conversation with US President Donald Trump late on Tuesday that a ceasefire between India and Pakistan after a four-day conflict in May was achieved through talks between the two militaries and not US mediation, India’s senior-most diplomat said

Trump had said last month that the nuclear-armed South Asian neighbors agreed to a ceasefire after talks mediated by the US and that the hostilities ended after he urged the countries to focus on trade instead of war.

“PM Modi told President Trump clearly that during this period, there was no talk at any stage on subjects like India-US trade deal or US mediation between India and Pakistan,” Indian Foreign Secretary Vikram Misri said in a press statement.

“Talks for ceasing military action happened directly between India and Pakistan through existing military channels, and on the insistence of Pakistan. Prime Minister Modi emphasized that India has not accepted mediation in the past and will never do,” he said.

Misri said the two leaders spoke over the phone at the insistence of Trump on the sidelines of the G7 summit in Canada which Modi attended as a guest. The call lasted 35 minutes.

The White House did not immediately respond to a request for comment about the Modi-Trump call.

Pakistan has previously said that the ceasefire happened after its military returned a call the Indian military had initiated on May 7.


Veteran Pakistani journalist, now 85, recalls birth of country, evolution of national media

Veteran Pakistani journalist, now 85, recalls birth of country, evolution of national media
Updated 16 sec ago

Veteran Pakistani journalist, now 85, recalls birth of country, evolution of national media

Veteran Pakistani journalist, now 85, recalls birth of country, evolution of national media
  • Muhammad Arshad started his career in 1960s, has worked for several newspapers and state-owned PTV
  • Arshad says profession has shifted from serving nation to prioritizing personal gain but hopes for better future

ISLAMABAD: In the early hours of Aug. 14, 1947, hundreds gathered on the lawn of the Shakargarh tehsil headquarters, waiting for history to be made. 

As a German-made Grundig radio crackled to life with the announcement of Pakistan’s independence, headmasters, scholars, businesspeople and children erupted in joy. Among them was seven-year-old Muhammad Arshad.

Now 85, Arshad has spent more than five decades in journalism, witnessing both Pakistan’s turbulent history and the transformation of its news media.

The British partition of the subcontinent created two states on the basis of religion, with Muslim-majority areas allocated to Pakistan and Hindu-majority to India. The process triggered the largest mass migration in human history, with an estimated one million people killed in communal violence.

Arshad’s hometown of Shakargarh, then part of Gurdaspur district in present-day Indian Punjab, was allocated to Pakistan, while Gurdaspur itself went to India. The tehsil became a hub for Muslim migrants fleeing violence, many of them wounded and destitute.

“All the people who arrived were injured, cut up or wounded,” Arshad recalled. “And they came into Shakargarh city, where there was only one government dispensary.”

Arshad moved to Lahore in the 1950s for higher education, earning a Master’s degree in Journalism from Punjab University in 1961 as part of its first graduating class in the subject. He began his career that year as a sub-editor at Daily Kohistan, later working for several newspapers before joining state broadcaster Pakistan Television (PTV) in 1983, where he served until 2000.

After retirement, he continued contributing to newspapers and television until 2010, and taught journalism at Pakistani universities until 2023.

His career has given Arshad a unique vantage point to comment on Pakistan’s media landscape, whose ethos he says has changed fundamentally.

“In earlier times, journalism meant serving the nation’s existence, not one’s own, like I am no one,” he said. “And now, there is no preference to the nation, and I am on the forefront.”

Indeed, Pakistan’s news media, particularly its private television channels and digital outlets, regularly face criticism for political bias, sensationalism and spreading misinformation. 

Arshad contrasted current practices with his early years in the profession.

“During my career, news outlets gathered facts from the field like a sacred trust and reported them honestly,” he said. “Now everyone wants to put himself and personal gains at the forefront and the public is behind somewhere.”

He also lamented what he sees as a weakening command of the Urdu language among journalists, anchors and newscasters, urging them to refine their delivery and avoid mixing words.

“If we revive that spirit of truth and integrity, the profession can still guide Pakistan to a better future,” Arshad said.

Indeed, at the end of the day, the veteran media man still remains hopeful — for the future of the media and Pakistan. 

“There is no need for despair because it will be fine. How will it be fine? There is no argument for this except one,” he said.

“When Pakistan came into being, it did not even have a needle. Now, it is an atomic power.”


Pakistan leaders mark Independence Day with calls for unity, hail ‘victory’ in May conflict with India

Pakistan leaders mark Independence Day with calls for unity, hail ‘victory’ in May conflict with India
Updated 20 min 53 sec ago

Pakistan leaders mark Independence Day with calls for unity, hail ‘victory’ in May conflict with India

Pakistan leaders mark Independence Day with calls for unity, hail ‘victory’ in May conflict with India
  • Civilian and military leaders reaffirm solidarity with Kashmiris, vow to defend Pakistan’s sovereignty and territorial integrity
  • May conflict with India has become a rallying point for Pakistani leaders to emphasize unity, resilience, renewed national confidence

KARACHI: Pakistan’s civilian and military leaders marked the country’s 78th Independence Day on Thursday by hailing what they described as a decisive victory against India in a brief military conflict earlier this year, using the anniversary to call for unity at home and reiterate support for disputed Kashmir.

The South Asian nation, which has fought three major wars with India since partition in 1947, said it had downed six Indian jets in fighting through missiles, drones and artillery that raged between May 6 and 10 before ending through US mediation. Officials have since framed the confrontation — which Islamabad has dubbed Marka-e-Haq, or “Battle of Truth” — as a moment of national resurgence.

Pakistan, carved out of British India in 1947, has seen repeated bouts of political turmoil, economic instability and tense relations with its neighbor in the decades since. This year’s Independence Day messages underscored how the May conflict has become a rallying point for its leaders to emphasize unity, resilience and renewed national confidence.

Prime Minister Shehbaz Sharif attends flag hoisting ceremony at Pakistan Monument, Islamabad on August 14, 2025. (GoP)

“Pakistan’s great victory in Marka-e-Haq during the war imposed by India on 6-10th May 2025 has not only increased the significance of freedom, but has also enliven a new ambition and enthusiasm in the hearts of Pakistanis, which has amplified the joy and celebrations of the Independence Day,” Prime Minister Shehbaz Sharif said in a statement. 

“The military capability, valour and faith of our brave soldiers and air warriors forced the enemy to kneel down … With same passion, we stand vigilant to defend and safeguard our national interests including water resources.”

In a separate message, President Asif Ali Zardari also linked the country’s birth anniversary to the May conflict. 

“Our success in Marka-e-Haq … is a landmark moment in our history,” he said, calling it “a demonstration of unshakable national will, professional excellence, and united purpose.” 

Zardari added that “the world witnessed a nation that is peace-loving, but fully capable of defending its sovereignty and territorial integrity.”

The president used his address to urge Pakistanis to channel “the same discipline, courage, and clarity” into economic revival and social reform, saying recent military success should inspire efforts to eradicate poverty and strengthen institutions.

Both leaders reiterated Pakistan’s long-standing stance on Kashmir, which is disputed between India and Pakistan since 1947.

“India also needs to demonstrate the same will for the resolution of all disputes, including the Jammu and Kashmir dispute,” Sharif said, while Zardari pledged diplomatic, moral, and political support to Kashmiris “until their right to self-determination is realized.”

In a joint message, the chiefs of Pakistan’s army, navy and air force stressed that the “unbreakable bond between the Armed Forces and the people is the cornerstone of our collective strength,” pledging to safeguard Pakistan’s sovereignty and territorial integrity and uphold the constitution.


Pakistan buys about 55,000 tons white sugar in tender, traders say

Pakistan buys about 55,000 tons white sugar in tender, traders say
Updated 40 min 6 sec ago

Pakistan buys about 55,000 tons white sugar in tender, traders say

Pakistan buys about 55,000 tons white sugar in tender, traders say
  • Pakistan buys about 55,000 tons white sugar in tender, traders say
  • 25,000 tons of fine grade bought from Dreyfus at around $580 a ton cost and freight included

HAMBURG, Aug 13 : Pakistan’s state trading agency TCP is believed to have purchased about 55,000 metric tons of white sugar in an international tender seeking up to 100,000 tons which closed this week, European traders said on Wednesday.

Some 30,000 tons of medium-grade sugar was said to have been purchased from Al Khaleej Sugar at $586.00 a ton cost and freight included (c&f) while 25,000 tons of fine grade was bought from Dreyfus at around $580 a ton c&f.

One other tender participant has been asked to modify its offer and another award is still possible this week, traders said.

Pakistan’s government has approved plans to import 500,000 tons of sugar to help to maintain price stability after retail sugar prices rose sharply. Offers in the tender were reported on Monday.


For these Pakistani women, Independence Day offers a chance to earn and celebrate

For these Pakistani women, Independence Day offers a chance to earn and celebrate
Updated 13 August 2025

For these Pakistani women, Independence Day offers a chance to earn and celebrate

For these Pakistani women, Independence Day offers a chance to earn and celebrate
  • Housewives, maids, mothers turn to selling flags and festive goods for extra income during Aug. 14 rush
  • Seasonal stalls in Pakistan’s commercial center can bring women vendors savings of up to $54 in a few days

KARACHI: In the days before Pakistan’s Independence Day, the streets of Karachi fill with green and white flags, bunting and balloons, but for many women in the city, the national celebration is also a time to step into business — if only for a few days.

Housewives, maids and street vendors set up temporary stalls along busy roads and markets, selling flags, badges, hats and T-shirts to customers celebrating the August 14 holiday.

In an economy where inflation has eroded incomes and steady jobs are scarce, the seasonal rush offers a welcome boost to household finances.

“August 14 is Independence Day, a day of happiness, so we also celebrate our happiness and earn a livelihood for the children,” said Shama Sikandar, a housewife selling Independence Day T-shirts for the first time this year from a roadside stall on Shahra-e-Quaideen.

“Before this, I would just stay at home and do nothing all year.”

She said the sight of other women working outside the home inspired her to try.

“It feels good to be working. I have seen many women even driving rickshaws, some riding motorcycles, some pushing carts, and others doing various jobs to earn a livelihood for their children.”

In Karachi, seasonal vendors crowd key intersections and shopping strips ahead of the holiday, calling out to passing motorists and pedestrians. The sales supplement incomes for women who otherwise rely on low-paying, year-round work.

For 32-year-old maid and mother of three, Saima Babar, the August rush is a planned investment.

From her savings of 30,000 rupees ($105), she buys flags and other celebratory goods to sell on the streets.

“Thanks to Allah, the household runs, we manage one meal a day, and that’s fine, right? My children are doing okay,” she said. “[By selling flags] I manage to save about 10 to 12 thousand rupees ($36–$43).”

Husna, a mother of seven who usually sells pens and keychains at traffic lights in Karachi’s upscale Defense area, shifts her stall to the Sindhi Muslim neighborhood every August.

“On some flags, I earn 20 rupees ($0.07) profit; on others, 30 rupees ($0.11). In this way, I make around 1,200 rupees ($4.30) a day,” she said, before handing over a badge and a couple of flags to a customer.

“Our livelihood is made; there’s enough for bread, water, and lentils. It’s happiness for you, and it’s happiness for us too. Pakistan Zindabad.”

Even women who have been selling for years say the holiday provides a reliable boost.

Sajan Kumar and his wife, Suman, have been setting up a flag stall on Shahra-e-Faisal every August for the past eight years.

“As soon as August 14 arrives, we come here to sell flags,” Kumar said. “It’s a day of celebration. We sell every year. People buy them, celebrate, and also come with their children to stroll around. We manage to save around 10 to 15 thousand rupees ($36–$54).”

Pakistan marks its 79th Independence Day this year under the theme “Marka-e-Haq – the Battle of Truth,” with celebrations beginning on Aug. 1 and running through the month. Across Sindh and Punjab provinces, flag-raising ceremonies, cultural shows, boat parades, marathons, and even donkey cart races have drawn large crowds.

For Babar, the more the merrier.

“The more people celebrate, the more purchases there are, right?” she said with a smile.


Moody’s upgrades Pakistan’s credit rating to ‘Caa1’, finance minister hopes for rate cut

Moody’s upgrades Pakistan’s credit rating to ‘Caa1’, finance minister hopes for rate cut
Updated 13 August 2025

Moody’s upgrades Pakistan’s credit rating to ‘Caa1’, finance minister hopes for rate cut

Moody’s upgrades Pakistan’s credit rating to ‘Caa1’, finance minister hopes for rate cut
  • Pakistan’s international bonds rose as much as 1 cent to between 90-100 cents on the dollar following ratings upgrade
  • Aurangzeb says more room for central bank to cut key policy rate from 11 percent on back of positive economic indicators

Moody’s said on Wednesday it had raised Pakistan’s credit rating by one notch to ‘Caa1’ from ‘Caa2’ due to an improving external financial position and it assigned the country a “stable” outlook.

The announcement came within hours of Pakistan’s Finance Minister Mohammed Aurangzeb saying there was more room for the central bank to cut the country’s key policy rate from 11 percent on the back of positive economic indicators.

“The credit rating’s improvement is a sign that economic policies are heading toward the right direction,” Prime Minister Shehbaz Sharif said in a statement.

Pakistan’s international bonds rose as much as 1 cent to between 90 and 100 cents on the dollar following the ratings upgrade. It lifted most of them to their highest since early 2022 when fears of a full-blown debt crisis sent them plunging to as little as 30 cents.

Moody’s decision to raise the rating by one notch after Fitch and S&P did the same will help Pakistan’s capability to raise external debt. Pakistan says its economy is on a recovery path after a $7 billion IMF bailout helped to stabilize it.

“We changed the outlook for the Government of Pakistan to stable from positive,” Moody’s said in a statement.

“The upgrade to Caa1 reflects Pakistan’s improving external position, supported by its progress in reform implementation under the IMF Extended Fund Facility (EFF) program,” it said.

Pakistan’s debt affordability has improved, but remains one of the weakest among rated sovereigns, Moody’s said, adding that the Caa1 rating also reflected the country’s weak governance and high degree of political uncertainty.

Aurangzeb told a gathering of businessmen in Islamabad ahead of the Moody’s announcement that he was expecting an improvement in Pakistan’s credit rating by other agencies after Fitch and S&P.

“We are hopeful of progress in terms of the policy rate going south,” he added.

Aurangzeb said it was his personal view that there was more room for a rate cut toward the end of the year, adding that it was for the central bank to make the final call on the issue. The next policy rate announcement is due on September 15. The central bank left its key interest rate unchanged at 11 percent on July 30, going against analyst expectations. In a Reuters poll they had forecast a reduction of 50 to 100 basis points. The bank said the inflation outlook had deteriorated due to rising energy prices.

Inflation accelerated to 4.1 percent year-on-year in July.