Author name: Web Desk

UK Announces Radical Immigration Overhaul: Temporary Refugee Status and Faster Deportations for Illegal Arrivals
World

UK Announces Radical Immigration Overhaul: Temporary Refugee Status and Faster Deportations for Illegal Arrivals

London: The British government unveiled sweeping reforms to the asylum system on Monday, declaring refugee status will no longer be permanent and pledging accelerated deportations for those entering illegally, in a direct bid to neutralise the electoral threat from Nigel Farage’s Reform UK party.Home Secretary Shabana Mahmood told Parliament that protection will be granted on a temporary basis, subject to regular review, ending the current practice of indefinite leave to remain after five years. Individuals arriving via unauthorised routes, such as small boats across the Channel, will face swift removal once their claims are refused, with significantly reduced appeal rights.Crucially, the government will legislate to reinterpret obligations under the European Convention on Human Rights in domestic law, insisting Article 8 (right to family life) and other provisions should not block removals where public interest demands otherwise. Officials claim this stops “abuse” by foreign criminals and failed asylum seekers who exploit human-rights arguments to remain.The package also includes tougher enforcement powers, expanded detention capacity, and new bilateral return agreements. Labour sources described the measures as the toughest since the failed Rwanda scheme, designed to slash net migration and reassure working-class voters tempted by Reform UK, which secured 14% in last year’s election. Critics immediately accused the government of undermining international commitments.

China’s Battery Exports Smash Records, Surge 24% to $60 Billion in First Nine Months of 2025
World

China’s Battery Exports Smash Records, Surge 24% to $60 Billion in First Nine Months of 2025

Beijing: China’s dominance in the global clean energy supply chain reached new heights as battery and battery energy storage system (BESS) exports soared 24% year-on-year in the first nine months of 2025, generating approximately $60 billion in revenue, according to fresh data from energy think tank Ember.Batteries have cemented their position as China’s most profitable clean-energy export since overtaking solar panels in mid-2022. The explosive growth comes despite escalating trade tensions, with the European Union imposing provisional tariffs of up to 37.6% on Chinese electric vehicles and launching probes into battery subsidies.Strong demand from Europe, Southeast Asia, and emerging markets for lithium-iron-phosphate (LFP) cells and large-scale energy storage systems drove the surge. Chinese manufacturers, led by CATL and BYD, now account for more than 70% of global battery production capacity and over 80% of BESS deployments worldwide.Analysts warn that continued export growth could trigger further protectionist measures, yet Beijing shows no signs of slowing investment. Domestic battery production capacity is projected to exceed 3 TWh by year-end, far surpassing global demand. Ember notes the $60 billion figure already rivals total 2024 solar module export revenue, underlining batteries as the new cornerstone of China’s green technology export strategy.

Ukraine Signs Historic Letter of Intent for Up to 100 French Rafale F4 Jets Amid Ongoing War
World

Ukraine Signs Historic Letter of Intent for Up to 100 French Rafale F4 Jets Amid Ongoing War

Paris, November 19, 2025 – In a landmark move to rebuild its air force, Ukrainian President Volodymyr Zelenskiy signed a letter of intent with French President Emmanuel Macron on Monday for the potential acquisition of up to 100 Dassault Rafale F4 fighter jets over the next decade, along with advanced air defense systems, drones, and munitions.The agreement, inked at Villacoublay military airbase near Paris in front of a Rafale jet, was hailed by Zelenskiy as “historic,” promising “one of the greatest air defenses in the world.” It includes eight next-generation SAMP/T systems, radars, air-to-air missiles, guided bombs, and joint drone production starting this year. Deliveries could begin within three years, with full Rafale rollout by 2035.The twin-engine Rafale, an “omnirole” aircraft capable of air superiority, deep strikes, reconnaissance, anti-ship missions, and even nuclear deterrence in French service, measures over 15 meters long with a Mach 1.8 top speed and 50,000-foot ceiling. Operational since 2004, it has seen combat in Afghanistan, Libya, Mali, Iraq, and Syria, with 533 firm orders globally, including major exports to India, Egypt, Qatar, Greece, Croatia, UAE, Indonesia, and Serbia.Shares in Dassault Aviation surged up to 8% following the announcement. The deal follows Ukraine’s recent receipt of F-16s and Mirages, plus a similar intent for Swedish Gripens, as Kyiv seeks a modern fleet to counter Russian aggression. Financing remains unclear but may involve EU funds and frozen Russian assets.

Afghanistan Seeks Indian Investments and Boost Trade Amid Tension with Pakistan
Politics

Afghanistan Seeks Indian Investments and Boost Trade Amid Tension with Pakistan

New Delhi: Afghanistan’s acting Minister of Industry and Commerce, Nooruddin Azizi, arrived in New Delhi on Wednesday for a five-day official visit, marking the second cabinet-level Taliban engagement with India in less than a month. The trip underscores Kabul’s aggressive push for economic partnerships amid strained relations with Pakistan and a dire need for foreign investment. Azizi is expected to hold talks with Indian officials on expanding bilateral trade, reviving air freight corridors, enhancing connectivity via Iran’s Chabahar Port, and resolving banking hurdles that have hampered transactions since the Taliban’s 2021 takeover. Afghanistan views India as its second-largest export market, particularly for dry fruits, fresh produce, and minerals. Building on last month’s visit by Foreign Minister Amir Khan Muttaqi, Azizi will invite Indian firms to invest in Afghanistan’s untapped mining, energy, and agriculture sectors. Discussions will also cover restoring direct flights, easing visa processes for Afghan businessmen, patients, and students, and establishing a joint trade committee. India, which has provided extensive humanitarian aid and recently upgraded its Kabul mission to a full embassy, sees the engagement as pragmatic for regional stability and countering extremism. Bilateral trade, once over $1.5 billion annually, has declined sharply due to transit issues via Pakistan. Azizi’s itinerary includes attending the India International Trade Fair, signaling Kabul’s eagerness to attract Indian goods and capital. Experts view this as a strategic shift, with Afghanistan diversifying away from Pakistan while India secures influence in a key neighbor.

Baby Care and Hygiene Products Producer, Shield Corporation, to Delist from Pakistan Stock Exchange
Pakistan

Baby Care and Hygiene Products Producer, Shield Corporation, to Delist from Pakistan Stock Exchange

Karachi: Shield Corporation Limited (SCL), a leading Pakistani manufacturer of baby care and hygiene products, has announced its decision to delist from the Pakistan Stock Exchange (PSX). In a filing submitted to the bourse on Wednesday, the company stated that its Board of Directors has resolved to pursue voluntary delisting under Rule 5.14 of the PSX Rule Book. Sponsors have been authorized to buy back ordinary shares from minority shareholders at a price to be determined in accordance with regulations set by the PSX or the Securities and Exchange Commission of Pakistan (SECP). The move follows SCL’s earlier decision in May to discontinue diaper production while continuing its other product lines. Shares of SCL closed at Rs408 on Wednesday, marking a sharp 10% or Rs37.09 increase amid the announcement. Established in 1975, Shield serves over 300 towns and cities in Pakistan and exports to Europe, Asia, and Africa. The delisting adds to a growing trend of companies exiting the PSX.

IFC and Standard Chartered Launch a New $400 Million Financing Facility
Pakistan

IFC and Standard Chartered Launch a New $400 Million Financing Facility

KARACHI: The International Finance Corporation (IFC) and Standard Chartered Pakistan have announced a new $400 million risk-participation facility designed to strengthen short-term trade financing and working-capital support for Pakistani businesses. According to a statement from Standard Chartered, the facility will be extended to major local corporates and exporters, helping to increase foreign exchange inflows and reinforce sustainable economic activity. Rehan Shaikh, CEO of Standard Chartered Pakistan, described the initiative as a significant step forward in the bank’s long-standing partnership with IFC. He noted that the agreement reflects a deepened collaboration aimed at supporting Pakistan’s business ecosystem through enhanced access to trade finance. The new facility, formalised in September, builds on a previous joint $200 million programme introduced in December 2022. The expansion demonstrates both institutions’ confidence in Pakistan’s financial sector and its export-driven industries. Momina Aijazuddin, Regional Head of Industry for IFC’s Financial Institutions Group across the Middle East, Türkiye, Central Asia, Pakistan, and Afghanistan, emphasised that doubling the facility’s size underscores IFC’s commitment to improving liquidity for businesses that play a vital role in economic development. She said the enhanced support will help companies secure essential trade and working capital, enabling them to grow, generate employment, and contribute to the country’s long-term financial resilience. The initiative marks a key milestone in efforts to strengthen Pakistan’s trade infrastructure and broaden financial support for sectors critical to the nation’s economic stability.

PPL to Build Pakistan’s First Artificial Island for Offshore Drilling by February 2026
Business

PPL to Build Pakistan’s First Artificial Island for Offshore Drilling by February 2026

Islamabad, November 19, 2025 – Pakistan Petroleum Limited (PPL) is set to construct the country’s first artificial island 300 km off the Sindh coast to accelerate offshore oil and gas exploration, Bloomberg reported on Wednesday.Speaking on the sidelines of an oil and gas conference in Islamabad, PPL’s General Manager Exploration Arshad Palekar said the six-foot-high platform will shield operations from high tides, enabling 24/7 drilling. Drawing inspiration from Abu Dhabi’s successful artificial islands, construction is slated for completion in February 2026, with exploration commencing immediately.The project gains momentum from PPL’s recent farm-out agreement with Turkish Petroleum Overseas Company (TPOC) for the Eastern Offshore Indus C Block, strengthening Pakistan-Turkiye energy ties. Last month, Pakistan awarded 23 offshore blocks—the first such round in nearly two decades—to consortia led by local firms, some including foreign partners like TPAO. The initiative aims to narrow the widening oil and gas supply-demand gap through aggressive offshore exploration.

Turkiye Shows Interest to Invest in Sindh’s SEZs Special Economic Zones
Business

Turkiye Shows Interest to Invest in Sindh’s SEZs Special Economic Zones

Karachi: Special Assistant to the Chief Minister of Sindh on Investment and Public-Private Partnership, Syed Qasim Naveed Qamar, held a productive meeting with Türkiye’s Consul General Ergul Kadak and Commercial Attaché Murat Ozmen at the Sindh Investment Department office to explore bilateral investment prospects. Qamar delivered a comprehensive briefing on high-potential sectors, spotlighting the Dhabeji and Khairpur Special Economic Zones (SEZs), Karachi Education City, Marble City Karachi, as well as opportunities in education, agriculture, renewable energy, IT, infrastructure, water recycling, environment, and industry. He emphasized government-backed initiatives such as the Sindh Transmission and Dispatch Company and attractive tax incentives for SEZ investors. The Turkish Consul General expressed keen interest, particularly in Karachi Education City. Qamar also highlighted Khairpur’s thriving date production sector and invited Turkish investment in value-added processing. He reaffirmed the provincial government’s commitment to establishing a new SEZ in Hyderabad, noting strong interest from motorcycle and electric appliance manufacturers. Secretary Investment Raja Khurram Shahzad briefed the delegation on Sindh’s rich mineral reserves and ongoing projects, underscoring the province’s investor-friendly policies and incentives.

Retail Investors Fuel Pakistan Stock Exchange’s 40% Surge in 2025, Highest Turnover Since 2017
Business, Pakistan

Retail Investors Fuel Pakistan Stock Exchange’s 40% Surge in 2025, Highest Turnover Since 2017

Karachi, November 19, 2025 – Pakistan’s benchmark KSE-100 Index has soared nearly 40% year-to-date in 2025, powered largely by retail investors who are pouring money into equities as real estate remains stagnant and bank deposit rates fall, Bloomberg reported on Wednesday.Daily trading volumes crossed $200 million in October – the highest since 2017 – while inflows into local equity mutual funds accelerated sharply. By September, stocks accounted for almost 16% of total assets under management, according to the Mutual Funds Association of Pakistan.“We’re now seeing a liquidity-led rally,” said Mohammed Sohail, CEO of Topline Securities. “Unless that liquidity finds a new avenue, the markets will likely stay strong.”The rally follows Pakistan’s narrow escape from sovereign default in 2023, with recent credit rating upgrades from S&P and Fitch restoring investor confidence. Improved ties with the United States, spearheaded by Army Chief Field Marshal Asim Munir, have also bolstered sentiment.Foreign investors remain cautious, but domestic individuals are filling the gap. “After years of political musical chairs, the country finally has stability that could last,” said Mattias Martinsson, CIO at Sweden’s Tundra Fonder.Risks persist: inflation surged unexpectedly in October and fresh tensions with India or Afghanistan could reverse gains. Yet analysts believe the structural shift toward equities is only beginning.

Air India Pushes Indian Govt to Asks China Route Over Xinjiang as Pakistan Airspace Ban Triggers Heavy Losses
World

Air India Pushes Indian Govt to Asks China Route Over Xinjiang as Pakistan Airspace Ban Triggers Heavy Losses

New Delhi/Hong Kong: In a bold and unprecedented move, Air India has urged the Indian government to diplomatically plead with Beijing for permission to fly through a highly sensitive Chinese military airspace in Xinjiang, revealing the crippling financial damage caused by Pakistan’s ongoing overflight ban.A confidential Air India document submitted to Indian authorities in late October, reviewed by Reuters, estimates the Pakistan airspace closure—imposed after April tensions—is costing the Tata-owned carrier a staggering $455 million annually in lost profit, pushing fuel costs up 29% and adding up to three hours on long-haul routes to North America and Europe.To survive, Air India wants emergency access to the restricted Hotan-Kashgar corridor and diversion rights to military-dominated airports in Xinjiang’s west, currently off-limits to all foreign carriers. The route sits inside the People’s Liberation Army’s Western Theater Command—the same unit tasked with any potential India conflict—and is surrounded by 20,000-ft peaks that pose severe decompression risks.Analysts call approval “highly doubtful” given recent Chinese airbase expansions at Hotan and Beijing’s iron grip on military airspace. Without the shortcut, Air India warns routes like Mumbai-San Francisco are “becoming unviable,” forcing technical stops and driving passengers to foreign rivals with shorter Pakistan-permitted paths.The airline, still reeling from June’s deadly Gujarat Dreamliner crash, has already axed Delhi-Washington flights and slashed 15% capacity on remaining U.S./Canada routes. Air India is also quietly seeking temporary government subsidies and relief from $725 million in pre-privatisation tax liabilities.Neither Air India, India’s aviation ministry, nor Chinese authorities have commented.

Scroll to Top