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New York Mayor Mamdani vows to enact democratic socialist agenda

Democrat Zohran Mamdani became New York City’s mayor on Thursday, vowing during a public swearing-in ceremony on the steps of City Hall to enact an aggressive agenda aimed at making the nation’s largest city more affordable for working people. Mamdani, a member of his party’s left-wing democratic socialist faction, was elected last November in a prominent victory that could influence this year’s midterm elections that will determine control of the US Congress. Some Democrats have embraced his style while Republicans portray him as a foil on the national political stage. The 34-year-old campaigned heavily on cost-of-living issues and was sharply critical of Republican US President Donald Trump, whose approval rating has fallen over the past year amid economic concerns. Many of New York’s 8 million residents — some with hope, some with trepidation — expect him to be a disruptive political force. In a speech following his public swearing-in, Mamdani promoted core campaign promises of ...
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Afghan border closure brings down terrorist violence in Pakistan

ISLAMABAD: Pakistan has recorded a significant drop in cross-border terrorist attacks and violence-linked fatalities after it closed down the border to Afghanistan on October 11. Terrorist attacks went down by almost 17 per cent in December, preceded by 9pc decline in November. Terrorist violence-linked fatalities among civilians and security officials also fell in the last quarter of 2025, by nearly 4pc and 19pc each in November and December, shows data collected by the Centre for Research and Security Studies (CRSS) as part of its annual security report 2025. With an almost 34pc surge in overall violence, the year 2025 went by as the most violent year for Pakistan in a decade, says the report. The country has suffered a sustained escalation in violence for five consecutive years since 2021, coinciding with the Taliban’s return to power in Afghanistan; with almost 38pc in 2021, over 15pc in 2022, 56pc in 2023, nearly 67pc in 2024, and 34pc in 2025. The comparative data for 2024 a...
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Basant to be celebrated only in Lahore; no plans for festival in rest of Punjab: home department

LAHORE: In a major policy shift, the Punjab government on Wednesday announced that it has no plans to celebrate the Basant festival across the province and that it will instead be celebrated only in Lahore. Basant is returning to Lahore after 18 years, following the passage of the Punjab Regulation of Kite Flying Bill, 2025 by the provincial assembly on December 24. So far, only the Lahore deputy commissioner has notified the three-day festival starting on February 6, 2026, while deputy commissioners in other districts were expected to follow suit. However, the 46th Cabinet Committee on Law and Order — chaired by Khawaja Salman Rafique — met at the Punjab Home Department today and noted that Basant would be celebrated only in Lahore and on a limited scale. Though there was no need for all divisional commissioners and deputy commissioners to be present at the meeting, sources in the Home Department told Dawn that they were specially invited to attend via video link, particularly f...
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PTCL completes acquisition of 100pc issued share capital of Telenor Pakistan and Orion Towers

Pakistan Telecommunication Company Limited (PTCL) on Wednesday completed the acquisition of 100 percent of the issued share capital of Telenor Pakistan and Orion Towers, said a press release. The Pakistan Tele­communication Authority (PTA) approved the merger of Telenor Pak­i­stan with PTCL earlier in December. The regulator, however, imposed strict conditions to prevent abuse of market power and to bind the new entity to invest in upcoming spectrum auctions. “Telenor Pakistan and Orion Towers will operate as 100% owned subsidiaries of PTCL, alongside Pak Telecom Mobile Limited (PTML) commonly known as Ufone 4G, and U Microfinance Bank.” However, Telenor Pakistan will continue to operate as a separate entity during the transition period, said the statement, adding that PTML and Telenor will then be merged as a single entity in “due course of time”, subject to regulatory approvals. Acknowledging the contribution of Telenor to Pakistan’s telecom landscape, PTCL said the telco “pla...
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Pakistan to enter 2026 as fifth-most populous country

ISLAMABAD: The United Nations Population Fund (UNFPA) says that as Pakistan enters 2026 as the world’s fifth most populous country, with a population exceeding 225 million, high population growth and fertility rates, persistent gender inequality, and rising climate vulnerability, the urgency of addressing population dynamics has intensified. These realities underscore the need to view population not as a burden but as a strategic driver of sustainable and inclusive development, UNFPA Pakistan said in a statement on Tuesday. Looking ahead to 2026, UNFPA called for a shift in how population is reflected in national planning and financing, particularly in the NFC formula. Moving beyond population size as the primary det­e­rminant, a forward-loo­k­ing appro­ach should rew­ard provinces for measurable progress in gender equ­ality, climate resilience, bal­anced population outco­mes, and improvements in the quality of health and education services. Such reform would align fiscal inc...
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China fires missiles on second day of military drills around Taiwan

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China launched missiles and deployed dozens of fighter aircraft and navy vessels around Taiwan on Tuesday for a second day of live-fire drills aimed at simulating a blockade of the self-ruled island’s key ports and assaults on maritime targets. Taipei, which slammed the two-day war games as “highly provocative and reckless”, claimed the manoeuvre failed to impose a blockade on the island. China claims Taiwan as part of its sovereign territory and has refused to rule out military action to seize the island. AFP journalists in Pingtan, a Chinese island at the closest point to Taiwan’s main island, saw a volley of rockets blast into the air at around 9:00am (6am PKT) on Tuesday, leaving trails of white smoke. At least 10 were launched in quick succession, sending a booming sound reverberating across the sky and drawing tourists towards the seafront to snap photos and videos on their phones. Taiwanese authorities counted 27 rockets fired by Chinese forces on Tuesday. A Taiwanese ...
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Establishing crypto beyond the hype

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As dollar shortages in the open market persist, users seek dollars digitally, while the Pakistan Virtual Assets Regulatory Authority (PVARA) continues to deliberate on drafting detailed regulations. Inevitably, people are not waiting for regulations; they are already moving towards crypto rails facilitated by illegal operators entering the market. There is, however, one group that awaits regulation: those wishing to operate legally. And this wait is causing them to patiently recalibrate, raising questions regarding the future of financial inclusion in Pakistan. An insider source at one such startup, Zar, highlighted that their focus has shifted towards their African markets as they await regulations in Pakistan before deciding “to invest much more money and energy into Pakistan.” Aatiqa Lateef, a crypto expert, shared that this caution is entirely rational and that serious firms will scale where there is regulatory predictability, banking integration, and a clear supervisory roadm...
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