The announcement of a Pakistan Taliban Ramadan ceasefire provides a brief, much-needed sigh of relief for a region that has spent the last several weeks on the brink of a catastrophic regional war. While officially framed as a gesture in good faith for the Eid al-Fitr holidays, this pause feels less like a diplomatic breakthrough and more like a tactical breather. In my view, unless the underlying issues of cross-border militancy and sovereignty are addressed, this truce is merely a band-aid on a deepening wound that threatens the stability of Central and South Asia. Why did Pakistan and the Taliban agree to a truce? The sudden halt in hostilities was not born out of a sudden change of heart in Islamabad or Kabul, but rather intense pressure from brotherly Islamic countries. Nations like Saudi Arabia, Qatar, and Turkey recognize that a full-scale conflict between two neighboring Muslim states during the holiest month of the year is a geopolitical and humanitarian disaster. By agreeing...
The KSE-100 Index has delivered jaw-dropping returns, surging over 425% since 2021 when it stood around 44,000 points closing at 172,170 on February 19, 2026 after a recent 3.74% dip. Market capitalization ballooned from PKR 6.5 trillion in June 2020 to PKR 19.69 trillion (USD 70.25 billion) by December 2025, with free-float at roughly USD 53 billion. Yet renowned chartered accountant Syed Shabbar Zaidi raises sharp questions in his latest analysis: does this rally truly mirror Pakistan’s economic health, or is it largely driven by speculation, high bank profits from government borrowings, and oil & gas gains tied to rupee depreciation and dollar indexation? The full opinion piece is available on Business Recorder . Zaidi highlights stark realities Pakistan’s market cap-to-GDP ratio sits at just 17% (with 2025 GDP around USD 407 411 billion), compared to India’s 130% (market cap over USD 5 trillion) and the USA’s 100%. Listed companies have barely grown (535 today vs 659 in 2005...