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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 
Prime Minister Shehbaz Sharif attends flag hoisting ceremony at Pakistan Monument, Islamabad on August 14, 2025. (GoP)
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Updated 28 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/ ISLAMABAD: Pakistan’s civilian and military leaders marked the country’s 79th 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.


Moody’s upgrade underscores Pakistan recovery, reforms fueling stability — central bank governor 

Moody’s upgrade underscores Pakistan recovery, reforms fueling stability — central bank governor 
Updated 18 sec ago

Moody’s upgrade underscores Pakistan recovery, reforms fueling stability — central bank governor 

Moody’s upgrade underscores Pakistan recovery, reforms fueling stability — central bank governor 
  • Rating agency lifted Pakistan’s sovereign credit score on Wednesday, citing stronger reserves and external stability
  • SBP governor says inflation has dropped to a historic low and reforms will support long-term growth

KARACHI: Pakistan’s central bank said on Thursday recent credit rating upgrades underscored the country’s improving macroeconomic outlook, as Governor Jameel Ahmad used an Independence Day address to stress economic resilience and reforms.

The remarks came a day after Moody’s Investors Service upgraded Pakistan’s sovereign rating, citing stronger foreign exchange reserves, a current account surplus and fiscal consolidation. Analysts said the move could ease access to global capital markets and attract investment as Pakistan looks to consolidate gains under its $7 billion IMF program approved in September 2024.

“International credit rating agencies have upgraded Pakistan’s ratings in recognition of recent measures which will help unlock foreign investment opportunities,” Ahmad said at the State Bank of Pakistan’s (SBP) flag-hoisting ceremony in Karachi.

Ahmad noted the dramatic improvement in inflation, which had soared to 38 percent in May 2023 before easing to 11.8 percent by May 2024 and reaching a record low of 3.2 percent in June 2025.

“Our monetary policy remains geared toward maintaining the hard-earned gains in price stability, while ensuring inflation remains within 5–7 percent,” he said, adding that this would help “unlock broader economic and business opportunities.”

The SBP has reduced its policy rate in seven steps from 22 percent to 11 percent since June 2024 in line with the improved outlook.

External accounts have also strengthened, with reserves nearly tripling to $14.5 billion by the end of FY25 from $4.4 billion two years earlier. Ahmad said the turnaround was achieved through a $2.1 billion current account surplus – the first in 14 years – and record remittances of $38.3 billion from overseas Pakistanis, without adding to external debt.

The governor also highlighted SBP’s digital push, including spinning off the Raast instant payment system into a separate subsidiary, easing account opening procedures and modernizing payment infrastructure to widen financial inclusion. He said such steps would particularly benefit women and small businesses.

Pakistan’s economic rebound follows two years of crisis, when the country averted default through IMF disbursements, painful reforms, and strict fiscal consolidation. The IMF has urged Pakistan to maintain exchange rate flexibility, broaden its tax base and strengthen the energy sector to lock in recent stability.


In Aug. 14 message, US says will explore cooperation with Pakistan on critical minerals, hydrocarbons

In Aug. 14 message, US says will explore cooperation with Pakistan on critical minerals, hydrocarbons
Updated 9 min 38 sec ago

In Aug. 14 message, US says will explore cooperation with Pakistan on critical minerals, hydrocarbons

In Aug. 14 message, US says will explore cooperation with Pakistan on critical minerals, hydrocarbons
  • Washington and Islamabad hailed a trade deal last month, which Pakistan said would result in lower tariffs, increased investment
  • Before President Donald Trump’s administration, Islamabad’s relationship with Washington had cooled in recent years

WASHINGTON: Secretary of State Marco Rubio said Washington looked forward to exploring cooperation with Pakistan on critical minerals and hydrocarbons, with his comments coming in a statement issued by the State Department on Pakistan’s Independence Day.

WHY IT’S IMPORTANT

Washington and Islamabad hailed a trade deal last month, which Pakistan said would result in lower tariffs and increased investment.
Pakistan’s Commerce Minister Jam Kamal has said Islamabad will offer US businesses opportunities to invest in mining projects primarily in the southwestern Balochistan province through joint ventures with local companies, providing concessions such as lease grants.
The province is home to key mining projects, including Reko Diq, run by mining firm Barrick Gold and believed to be one of the world’s largest gold and copper mines.

KEY QUOTES

“We look forward to exploring new areas of economic cooperation, including critical minerals and hydrocarbons, and fostering dynamic business partnerships,” Rubio said late on Wednesday.
“The United States deeply appreciates Pakistan’s engagement on counterterrorism and trade.”

CONTEXT

Before President Donald Trump’s administration, Islamabad’s relationship with Washington had cooled in recent years, as the US drew closer to Pakistan’s traditional adversary India to counter China’s rise, among other factors.
Washington also resented Islamabad over Afghanistan, especially under former President Joe Biden’s administration, which oversaw a chaotic withdrawal from Afghanistan and the takeover of the country by the Taliban insurgency that Washington accused Islamabad of backing. Pakistan denied the charge.
In recent months, Washington’s ties with Islamabad have improved. Trump took credit for a ceasefire between India and Pakistan after the Asian neighbors engaged in hostilities in May following an April attack in India-administered Kashmir.
Pakistan praised Trump while India maintained that New Delhi and Islamabad should resolve their issues directly without outside involvement.

COUNTERTERRORISM TALKS

The US and Pakistan held the latest round of counterterrorism talks in Islamabad on Tuesday. Washington has designated separatist militant group Balochistan Liberation Army as a “foreign terrorist organization.”
“The US-Pakistan counterterrorism dialogue joint statement is one of the most positive and effusive I’ve seen from these two countries on CT for quite a few years,” Michael Kugelman, a Washington-based South Asia analyst and writer for Foreign Policy magazine, said.


Chinese mountaineer killed on Pakistan’s K2

Chinese mountaineer killed on Pakistan’s K2
Updated 13 min 22 sec ago

Chinese mountaineer killed on Pakistan’s K2

Chinese mountaineer killed on Pakistan’s K2
  • Guan Jing was descending from summit of K2 on Tuesday night when she was hit by falling rocks
  • This season, four deaths have been reported, including two on K2, one on Nanga Parbat, one on Laila Peak 

KHAPLU, Pakistan: A Chinese mountaineer died while descending the world’s second-highest peak, with Pakistani rescuers waiting on Thursday for weather conditions to improve to recover her body.

Guan Jing was descending from the summit of K2 on Tuesday night when she was hit by falling rocks, Deputy Commissioner for Shigar district Arif Ahmad told AFP.

“An army aviation team is ready for the recovery of the body and is waiting for better weather conditions,” he said.

According to the Alpine Club of Pakistan, which monitors local climbing expeditions, Guan is the fourth casualty of the country’s summer climbing season.

Guan was among 30 climbers who reached the summit of K2 on Monday before beginning her fatal descent.

“The incident occurred on the Abruzzi Spur route between Camp I and Advanced Base Camp — a section notorious for frequent rockfalls,” the Alpine Club said.

At 8,611 meters (28,251 feet), K2 on the Pakistan-China border sits 238 meters shy of world-topping Himalayan giant Everest but is considered more technically challenging.

Home to five of the world’s 14 mountains above 8,000 meters, Pakistan typically welcomes an influx of summer climbers from early June until late August.

This season, four deaths have been reported, including two on K2, one on Nanga Parbat and one on the lesser-known Laila Peak in the Karakoram range where German Olympic biathlete Laura Dahlmeier died after being hit by falling rocks last month.


Three killed, over 100 injured in Independence Day celebratory gunfire in Karachi 

Three killed, over 100 injured in Independence Day celebratory gunfire in Karachi 
Updated 33 min 5 sec ago

Three killed, over 100 injured in Independence Day celebratory gunfire in Karachi 

Three killed, over 100 injured in Independence Day celebratory gunfire in Karachi 
  • Victims included a child, a 70-year-old man and another adult, according to hospital data
  • Aerial firing is common during public celebrations in Pakistan but often causes deadly accidents

KARACHI: Three people were killed and 119 injured in Karachi when celebratory aerial firing broke out as Pakistan marked its Independence Day, a senior health official said on Thursday.

Firing guns into the air during weddings, festivals and national holidays is a long-standing practice in Pakistan, but one that regularly results in injuries and deaths when stray bullets strike bystanders. Police typically ban the practice, yet enforcement remains weak in the country’s largest city of more than 20 million people.

“Three people were killed and 119 injured in celebratory aerial firing on August 14 in Karachi,” Karachi Police Surgeon Dr. Summaya Syed said in a statement, citing hospital reports.

According to official data, casualties were reported from multiple hospitals: 42 injured at Abbasi Shaheed Hospital, 26 at Civil Hospital Karachi/SMBB Institute of Trauma, and 41 cases at Jinnah Postgraduate Medical Center. 

Those killed included a minor girl in Azizabad, a 70-year-old man in Kalri, and a 35-year-old man in Qur’angi.

Karachi, Pakistan’s financial hub and most populous city, frequently sees such incidents during national holidays. Rights groups and doctors have repeatedly called for stronger enforcement against aerial firing, noting that most victims are innocent bystanders, including children.


Pakistan approves industrial estate on steel mills land, $10 million upgrade for state TV English channel

Pakistan approves industrial estate on steel mills land, $10 million upgrade for state TV English channel
Updated 14 August 2025

Pakistan approves industrial estate on steel mills land, $10 million upgrade for state TV English channel

Pakistan approves industrial estate on steel mills land, $10 million upgrade for state TV English channel
  • Pakistan Steel Mills, once country’s biggest industrial complex, is dormant since 2015, governments have long debated how to repurpose its land
  • ECC also approved funds for climate diplomacy at COP-30 in Brazil, grant to upgrade PTV’s English news channel to enhance global outreach

KARACHI: Pakistan’s top economic decision-making body has approved plans to build an industrial estate on the land of the country’s largest state-owned steel producer, part of a package of measures aimed at boosting exports, investment and climate diplomacy, the finance division said this week. 

Pakistan Steel Mills (PSM), located in Karachi, was once the country’s biggest industrial complex but has been largely dormant since 2015 due to financial losses and mismanagement. Successive governments have sought to privatize or repurpose its land and assets.

The Economic Coordination Committee (ECC), which oversees key economic policy, said turning the site into an industrial estate would generate jobs and attract investment.

“The ECC approved the development of an Industrial Estate on the land of Pakistan Steel Mills (PSM) in Karachi, aimed at boosting industrial activity, generating employment opportunities, and attracting investment,” the Finance Division said in a statement after a meeting chaired by Finance Minister Muhammad Aurangzeb on Wednesday evening. 

The ECC also approved measures to support Pakistan’s leather industry, including scrapping the requirement for health quarantine certificates on imports and exports to “enhance its competitiveness in international markets.”

Another major decision was the allocation of a technical supplementary grant of 2.8 billion rupees ($10 million) for the state-run Pakistan Television Corporation to upgrade its English-language news channel. The committee said the goal was to “improve broadcast quality and expand outreach to global audiences,” while urging the channel to develop a business plan to reduce reliance on federal subsidies.

In addition, a separate grant was approved for the Ministry of Climate Change to strengthen its participation at the upcoming COP-30 climate summit in Brazil, reflecting Pakistan’s push to maintain visibility in global climate talks after championing the “Loss and Damage” agenda in 2022.

The Finance Division said the ECC chair concluded the meeting by stressing “the importance of timely and effective implementation of these decisions to ensure their intended economic and social benefits.”