BusinessNews Update

State Bank of Pakistan again maintains 11pc interest rate

The State Bank of Pakistan (SBP) has maintained its policy rate at 11 per cent, it said on Monday.

The central bank’s policy rate, after being slashed by 1,000bps from 22pc since June 2024 in seven intervals, was cut to 11pc in May and has remained unchanged since then.

“The Monetary Policy Committee decided to keep the policy rate unchanged at 11 per cent in its meeting held on September 15, 2025,” the SBP said on its website, adding that a detailed statement will be released shortly.

A recent survey conducted by the Chartered Financial Analyst (CFA) Institute revealed that 92pc of respondents expected the interest rate to remain unchanged, despite trade and industry groups calling for further cuts to stimulate economic activity.

The MPC had kept the rate steady at its last meeting in July, citing potential inflation risks from rising energy prices and geopolitical tensions, even though inflation had been moderating.


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News UpdateSociety

Human rights commissioner blasts Queensland government’s ‘hostile’ approach to First Nations people

Scott McDougall uses speech at parliament to warn the LNP is ‘walking us backwards’ on reconciliation as he prepares to exit role

Queensland’s human rights commissioner has blasted the state government’s “hostile”, “assimilationist” approach to First Nations people in a speech at Parliament House.

Scott McDougall, Queensland’s first-ever human rights commissioner, has consistently criticised both sides of politics over a range of issues, particularly the state’s youth law and order crackdown. His seven-year term in the role comes to an end next month.

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News UpdateWorld

Security forces kill 31 terrorists in Lakki Marwat, Bannu operations: ISPR

Security forces killed 31 terrorists in two separate intelligence-based operations (IBOs) in Khyber Pakhtunkhwa’s Lakki Marwat and Bannu districts, the military’s media wing said on Monday.

“On 13-14 September, 31 khwarij belonging to Indian proxy Fitna al Khwarij were killed in two separate engagements in [the] Khyber Pakhtunkhwa province,” the Inter-Services Public Relations (ISPR) said in a press release.

The state uses the term Fitna al Khwarij to refer to terrorists belonging to the banned Tehreek-i-Taliban Pakistan (TTP). It has also designated Balochistan-based groups as Fitna-al-Hindustan to highlight India’s alleged role in terrorism and destabilisation across Pakistan.

The ISPR said an IBO was conducted in Lakki Marwat on the “reported presence of khwarij”.

“During the conduct of [the] operation, own troops effectively engaged the khwarij location, and after an intense fire exchange, 14 Indian-sponsored khwarij were sent to hell,” it added.

The ISPR added that another IBO was carried out in Bannu, where 17 more terrorists were killed in a gun battle.

“Sanitisation operations are being conducted to eliminate any other Indian sponsored khwariji found in the area, as the security forces of Pakistan are determined to wipe out the menace of Indian sponsored terrorism from the country,” the ISPR stated.

On Saturday, the ISPR said the military had killed 45 terrorists between September 10 and 13 and 19 soldiers were martyred during these operations in KP.

Following those developments, Prime Minister Shehbaz Sharif vowed to continue responding to terrorism in the country with “full force”.

He said terrorists and their facilitators responsible for attacks in Pakistan were operating from the Afghan soil with the backing of India.

“The Afghan interim government has been clearly told to choose between supporting the khwarij or stand with Pakistan,” he added.

PM Shehbaz warned that “anyone facilitating or advocating” for terrorists or “acting as proxies for India” was essentially their agent and would be “dealt with accordingly”.

Pakistan has lately been witnessing an uptick in terrorist activities, mainly in KP and Balochistan. In November 2022, the Tehreek-i-Taliban Pakistan, after breaking a ceasefire deal with the government, had vowed to escalate attacks against the security forces, the police, and other law enforcement agencies’ personnel.

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News UpdateWorld

Hongkongers increasingly dissatisfied with Legco’s performance: poll

Hongkongers have been growing more unhappy about the legislature’s performance, with more than half of respondents in a recent survey expressing dissatisfaction with the law-making body’s work, a local think tank has said.
PoD Research Institute, formerly known as Path of Democracy, said on Monday that the findings served as a warning to incumbent lawmakers ahead of an election in December.
The survey, which interviewed 1,003 people between June 6 and 23, showed that some 50.6 per cent of…

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News UpdateWorld

Chinese officials hold talks in Spain, respond to Trump tariff threat

U.S. and Chinese officials began talks in Madrid on Sunday to address their strained trade relations, including key issues like the looming divestiture deadline for Chinese short video app TikTok. The discussions also focused on Washington’s demands that its allies impose tariffs on China over its purchases of Russian oil. Amid these talks, Chinese officials responded to the tariff threat from former President Trump, who recently urged NATO to impose 100% duties on Beijing. FRANCE 24’s Patrick Fok has more from the region.

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News UpdateWorld

Hongkongers increasingly dissatisfied with legislature’s performance: poll

Hongkongers have been growing more unhappy about the legislature’s performance, with over half of the respondents expressing dissatisfaction with the work of the law-making body, according to a local policy think tank’s findings.
PoD Research Institute, formerly known as Path of Democracy, said on Monday that the findings served as a warning to incumbent lawmakers ahead of the general election in December.
The survey, which interviewed 1,003 people between June 6 and 23, showed that some 50.6…

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News UpdateWorld

'Adolescence,' 'The Studio' dominate television's Emmy Awards

Searing teen murder saga “Adolescence” was the big winner at Sunday’s Emmy Awards, claiming eight prizes including best limited series, while “The Pitt” prevailed in a tight race for best drama at television’s equivalent of the Oscars. Seth Rogen’s Hollywood satire “The Studio” dominated the comedy categories, earning best series honors and an overall total of 13 Emmys — a record for comedies.

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News UpdateWorld

Conor McGregor pulls out of Ireland’s presidential race

Former mixed martial arts fighter had vowed to curb immigration to shore up ‘Irish culture’ and give power ‘back to the people’

The former mixed martial arts fighter Conor McGregor has withdrawn from Ireland’s presidential election and complained that nomination rules were a “straitjacket” that prevented a true democratic contest.

“Following careful reflection, and after consulting with my family, I am withdrawing my candidacy from this presidential race,” he posted on X on Monday morning. “This was not an easy decision, but it is the right one at this moment in time.”

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News UpdateWorld

‘Red alert’: Philippines gripped by coup rumours before anti-corruption protests

Coup rumours swirled in the Philippine capital over the weekend, with the military placed on “red alert” and all leave for its personnel cancelled, ahead of planned protests against corruption in state-funded flood control projects.
Sources close to and within the military confirmed to This Week in Asia that certain private individuals, former generals and groups were trying to persuade active-duty officers to withdraw their support for Commander-in-Chief and President Ferdinand Marcos…

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News UpdateWorld

Trump threatens to call national emergency in Washington DC over Ice cooperation – US politics live

President vows to ‘federalize’ capital city after mayor says police will not work with Ice in immigration crackdown

The Guardian US’ democracy editor, Kira Lerner, has explored the ways in which Trump’s Washington takeover led to the indiscriminate detention of immigrants, the rise of racial profiling and the arrests of large numbers of people for low-level crimes. Here is an extract from her story, published on 10 September 2025, the day Trump’s direct control of Washington DC’s police force ended:

A White House official said on Monday that 2,120 people have been arrested since the start of Trump’s takeover, 20 known gang members had been arrested and 214 firearms had been seized. Although violent crime has decreased during this period, Washington residents say the impact has not been worth the overbearing law enforcement presence.

Federal agents with numerous agencies, including Immigrations and customs enforcement (Ice), Customs and Border Protection, Federal Bureau of Investigation, US Park Service, Secret Service, Drug Enforcement Administration, Bureau of Alcohol, Tobacco, Firearms and Explosives, and the US marshals service have all been activated across the city. Often a single arrest will involve officers from multiple agencies and the local Metropolitan police department (MPD).

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News UpdateWorld

Crime among Hong Kong youth falls 14% but drug and assault cases increase

The number of crimes committed by juveniles in Hong Kong has dropped by 14 per cent in the first half of this year compared with the same period last year, with the largest decreases seen in fraud and money laundering.
However, the authorities reported that arrests of teenagers for dangerous drug offences, indecent assault and criminal damage had increased this year.
Commissioner of Police Joe Chow Yat-ming said on Monday that while the overall reduction in youth arrests reflected the impact of…

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News UpdateWorld

PCB seeks Pakistan-India match referee’s removal from Asia Cup over alleged violations of ICC rules

The Pakistan Cricket Board (PCB) on Monday lodged a complaint with the International Cricket Council (ICC) against the match referee for yesterday’s Asia Cup game between Pakistan and India for his alleged violations of rules pertaining to the “Spirit of Cricket”, PCB Chairman Mohsin Naqvi said.

“The PCB has lodged a complaint with the ICC regarding violations by the Match Referee of the ICC Code of Conduct and the MCC Laws pertaining to the Spirit of Cricket,” Naqvi posted on X, referring to referee Andy Pycroft.

“The PCB has demanded an immediate removal of the match referee from the Asia Cup,” he added.


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News UpdateWorld

Chinese economy weakens as consumer spending and factory output slows

Economists split on need for new Beijing stimulus amid headwinds from Trump tariffs and crisis-hit property sector

China’s economy showed further signs of weakness last month, with important data revealing factory output and consumption rising at their weakest pace for about a year.

The disappointing data adds pressure on Beijing to roll out more stimulus to fend off a sharp slowdown in the world’s second-largest economy, which has struggled to fully recover from the Covid-19 pandemic, with a debt crisis denting its once-booming property sector and exports facing stronger headwinds.

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News UpdatePolitics

Starmer facing fresh questions over Mandelson emails to Epstein – UK politics live

PM under intense pressure to explain what he knew before PMQs last week when he gave the former US ambassador his backing

Good morning. All governments face crises; something goes wrong, often someone gets sacked, and then they move on. Very occasionally, there is a proper leadership challenge, normally culminating in a vote. But there is also something in between, the permacrisis, where ongoing criticism of the leadership drowns out most other party/activity, but there is no challenge or resolution. The Theresa May and Boris Johnson premiership were in permacrisis for months or years. After the last week, Keir Starmer is close to being stuck in this version of political purgatory too.

There are various strands to the Labour turmoil story, and I will unpack them as the days goes on, but here is a quick summary based on the state of play this morning.

Starmer is under intense pressure to explain what he knew ahead of PMQs last week about the emails from Peter Mandelson in which he strongly backed Jeffrey Epstein at the time of his first child sex offence conviction. The Tories have demanded an explanation in response to reports that officials did know full details before PMQs, even though Starmer subsequently justified defending Mandelson on Wednesday before sacking him on Thursday on the grounds that new information (ie, the full details of the emails) only came to light on Wednesday night. This claim has made the Mail splash.

If the PM really believes in accountability, he would stop hiding, face Parliament, publish the Mandelson/Epstein files and tell the truth about what he and his Chief of Staff knew and when.

It’s time to deliver the “transparency revolution” he promised. No more excuses.

Starmer will be forced out as leader if next year’s elections are as bad for Labour as the polls predict, the leftwing Labour MP Richard Burgon has claimed. Burgon told today:

Lots of MPs are looking to the elections next May, the opinion polls suggest it’s going to be a complete disaster unfortunately. I think it’s inevitable that if May’s elections go as people predict, and the opinion polls predict, then I think Starmer will be gone at that time.

It feels like we are years and years into an unpopular government, rather than a year into a government that’s just got rid of the Conservatives. We’re losing votes to the left, we’re going to be losing seats to the right.

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News UpdateWorld

Belarus: Release of 52 prisoners “welcome” but without accountability repression persists

Reacting to the release of 52 people imprisoned under politically motivated charges, including journalists, independent trade union leaders and activists, in Belarus, Anna Wright, Regional Researcher for Amnesty International, said: “The release of 52 people locked up prison in Belarus for exercising their right to freedom of expression is welcome, but long overdue. While their […]

The post Belarus: Release of 52 prisoners “welcome” but without accountability repression persists appeared first on Amnesty International.

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News UpdateWorld

China finds that US chip giant Nvidia violated anti-monopoly law

China’s antitrust regulator said on Monday it found American semiconductor giant Nvidia in violation of the country’s anti-monopoly law and would proceed with further investigation, an apparent response to escalating technology rivalry with the US.
The State Administration for Market Regulation (SAMR) initiated a probe into Nvidia in December over suspected violations related to its US$6.9 billion acquisition of Israeli interconnect products and solutions provider Mellanox Technologies.
The…

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News UpdateWorld

Asia’s top property markets must tackle the root of unaffordability

In Asia’s real estate sector, South Korea is a star performer. In the first half of this year, the region’s fourth-largest economy recorded the second-highest volume of commercial real estate transactions after Japan. Moreover, Seoul experienced the strongest growth in prime residential prices in annualised terms in the second quarter among 46 markets tracked by Knight Frank.
Singapore is another top performer. Office vacancy rates are among the lowest in the region while the city state was one…

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News UpdateWorld

Why China launched probe into US chips – and what it means for domestic firms

China has launched an anti-dumping investigation into analogue integrated circuit (IC) chips imported from the United States, saying they have “lowered and suppressed” the prices of domestic alternatives.
The probe, requested by a provincial semiconductor association, was announced on Saturday, a day after Washington introduced its latest tech curbs on Chinese companies – and a day before the two economic powers began their fourth round of trade talks in Spain on Sunday.
In this explainer, the…

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News UpdateWorld

Cluster bombs kill, wound hundreds of civilians in Ukraine, monitor finds

Cluster munitions have killed or injured more than 1,200 civilians in Ukraine since Russia’s full-scale invasion began, a monitor said on Monday, decrying “troubling setbacks” in global efforts to eradicate the weapons.
Since Russia expanded the invasion of its western neighbour in February 2022, Ukraine has registered the highest number of recorded annual cluster munition casualties worldwide, the Cluster Munition Coalition (CMC) said in its annual report.
Russia has used the widely banned…

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