In his masterpiece “An Inquiry into the Nature and Causes of the Wealth of Nations,” written in 1776, Adam Smith made the observation that providing individuals with economic freedom is all that is needed for a nation to prosper. The remainder of the requirements will be fulfilled naturally if economic freedom is provided. On the other hand, democracy has long been recognized as the best political system for boosting a nation’s prosperity. Because democratic governance promises free and fair elections, equal representation, and civil and political liberties, many people have assumed that democratic governance leads to economic success. Economic freedom,…
Author: Hasnain Abid Khanzada
When Mohibullah, a crane driver from Balochistan, bravely saved a family that was on the verge of drowning in a flash flood, he became the talk of the town. Many people questioned the effectiveness of the local disaster management authority, even as the nation rushed to praise him for his heroism. Those floods did not occur every decade. In point of fact, in August of each year, the skies unleash their tremendous ferocity, leaving the government to deal with the consequences. In practically no time, the peaceful Indus and its abutting waterways and dams transform into seething deluges, and rich…
On Monday, shares at the Pakistan Stock Exchange (PSX) surged by more than 800 points during intraday trade, preserving bulls’ dominance over the floor. At 10:42 a.m., the benchmark KSE-100 index increased by 855.89 points, or 0.95%, to 90,849.85 points from its previous close of 89,993.96 points. The index reached the 91,000 mark at 12:13 p.m. Topline Securities CEO Mohammed Sohail stated that the stock market was experiencing a “non-stop bull run” despite “better than expected corporate profits and hope of big rate cuts” at the upcoming Monetary Policy Committee (MPC) meetings in November and December. “Optimism surrounding potential interest…
The Pakistan Cricket Board (PCB) confirmed on Monday that the white-ball head coach of the national team, Gary Kirsten, has resigned. Test head coach Jason Gillespie will take over for the team during the limited-overs tour of Australia next month. The Board appointed Kirsten, a former top-order batter for South Africa, as the men’s national team’s white-ball head coach on April 28. He coached the team in World Cup 2024, when the Green Shirts were in winning positions but lost both of their first two matches. During Kirsten’s brief tenure, the cricket board reportedly restricted his authority by modifying the…
The crime-thriller series Mirzapur is being adapted for the big screen by Mazon MGM Studios and Excel Entertainment. Variety reported that the move is one of the first times a streaming hit will move from a digital platform to cinemas in India. The original creator of the series, Puneet Krishna, will direct the Mirzapur movie, which will be released in 2026. Gurmmeet Singh will also co-direct. As the show’s director of 17 episodes, Singh will bring his extensive knowledge of the show’s world to the big screen. After an eight-week theatrical run, the film will be available for streaming on…
INDIA: As Madrid seeks to increase investment in the world’s fifth-largest economy, Spanish Prime Minister Pedro Sanchez and his Indian counterpart Narendra Modi were greeted on Monday with a flower-filled open-top parade. On their way to Vadodara, in the state of Gujarat, to inaugurate a military aircraft factory that was the result of a collaboration between Tata Advanced Systems and Airbus, the duo waved to the crowds from a vehicle that was covered in orange marigold garlands. After 18 years, this is the premier of Spain’s first trip to India. In the year 2021, 56 cargo- and troop-carrying C295 aircraft…
As part of a project that was started by artist Ermira Murati to raise awareness among women in Kosovo, women line up at a stall in Pristina on a sunny October day to donate bras that will be turned into bags and sold to raise money for those who have breast cancer. Murati is collecting bras for the fourth year in a row in October, which is world breast cancer awareness month. This is part of a campaign called “Shliroj Cicat” (Free the boobs), whose logo features a breast that looks like a cartoon. This has drawn criticism in Kosovo’s…
For obvious reasons, many Pakistanis are keeping a close eye on the upcoming US presidential election for obvious reasons. As a result of the elections, there has been an increase in the American-Pakistani diaspora as well as within Pakistan about what each candidate would mean for Pakistan, particularly for former prime minister Imran Khan, who is currently in jail. However, the structural drivers of US policy toward Pakistan and Washington’s limited interest in Pakistan and its political economy have been overlooked in a lot of this discussion. Pakistan’s relative importance has been diminished, according to Washington, as a result of…
The Islamabad police said that human rights lawyer Imaan Zainab Mazari-Hazir and her husband Hadi Ali were taken into custody on Monday. “Taking legal action, Islamabad police have arrested Imaan Mazari and Hadi Ali for creating a security risk by interfering in state duties during an international cricket team’s visit,” the police said on X. Imaan’s mother, Shireen Mazari, a former human rights minister, claimed that her daughter was taken into custody this morning. “This morning, Imaan Mazari was taken into custody. In a post on X, Shireen said, “State fascism in full swing.” She said that the Islamabad police…
Bangladesh :On Monday, leaders of the revolution that toppled autocratic ex-prime minister Sheikh Hasina in August placed increasing pressure on Bangladesh’s President Mohammed Shahabuddin to resign, arguing that he was her appointed representative. Even though Hasina’s now-defunct Awami League elected Shahabuddin, 74, also known as “Chuppu,” in 2023, the position is largely ceremonial, and his possible removal from it has sparked concerns about a constitutional vacuum. “Any choice with respect to the expulsion of the president will be founded on political agreement,” Shafiqul Alam, press guide to the in-between time government that supplanted Hasina, said on Monday. Muhammad Yunus, who…
