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Alibaba-backed Buy Now Pay Later firm gets SECP licence

The Securities and Exchange Commission of Pakistan (SECP) has granted a licence to Koko Tech Pakistan (Private) Limited (KTPL) to operate a Buy Now Pay Later (BNPL) business in Pakistan, according to an official statement issued on Tuesday. KTPL is owned by Alibaba.com Holdings, one of the world’s leading e-commerce and technology companies. The entry of Alibaba-backed KTPL marks a significant milestone for Pakistan’s digital financial ecosystem, reflecting growing international confidence in the country’s large consumer base, expanding digital economy and untapped financial services market. With advanced AI-driven credit assessment systems and globally tested digital infrastructure, KTPL is expected to introduce innovative, data-driven lending solutions in the BNPL space. This will enhance access to consumer financing, particularly for young users, freelancers and small businesses that remain underserved by traditional banking channels, which have often been relucta...

China says Islamabad US-Iran talks a step towards de-escalation, hopes ceasefire holds

China said on Monday that the US-Iran talks in Islamabad were a step towards de-escalation, expressing hope that both parties will maintain the ceasefire. "US-Iran negotiation in Islamabad was a step towards de-escalation. China hopes the ceasefire will be kept, disputes will be resolved through political and diplomatic means rather than reigniting the flames of war, and conditions will be created for an early return of peace to the Gulf," a spokesman of the Ministry of Foreign Affairs of China Lin Jian said in a post on X. The U.S.-Iran negotiation in Islamabad was a step towards de-escalation. China hopes the ceasefire will be kept, disputes will be resolved through political and diplomatic means rather than reigniting the flames of war, and conditions will be created for an early return of peace… pic.twitter.com/VDU95i8jfW — Lin Jian 林剑 (@SpoxCHN_LinJian) April 13, 2026 Jian also called for ending the United States–Iran dispute at the earliest, terming the military con...

Pakistan's envoy says ties with US not merely optional but necessity for present, future

Pakistan's Ambassador to the United States Rizwan Saeed Sheikh on Monday said that the Pakistan-US bilateral relations were not merely optional but an important necessity of the present time and the future. The ambassador, in his address at the “Pakistan Conference” held at Harvard University, invited American businessmen and investors to exploit Pakistan’s potential, reiterating the country’s commitment to provide every possible facilitation to investors. Shiekh said that Quaid-e-Azam Muhammad Ali Jinnah had envisioned Pakistan emerging as “the axis of the world” and that, owing to Pakistan’s decades-long positive diplomatic role and consistent efforts, the country was selected as a facilitator for US-Iran negotiations. The ambassador thanked the United States and Iran for their strong expression of confidence and reaffirmed that his country would continue its sincere efforts for regional peace. Read More: Iran warns 'no port in Gulf, Sea of Oman will be safe' after US blo...

Blaming parents: oversimplification of social deviance

I recently listened to a sermon on parenting in which a religious scholar spoke passionately about the moral decline of society. Disrespect for elders, drug use and other forms of antisocial behaviour, he argued, were largely the result of poor parenting. While there was some truth in his concern, what struck me was the sweeping nature of the claim. It felt intuitively unsatisfying because such a claim overlooks the many other forces that shape who children become. It also seemed that beneath the moral urgency of the message lay a subtle push towards religious schooling as the corrective path. A closer look reveals why such explanations, though persuasive, are incomplete. No serious body of knowledge - whether in Sociology, Psychology or Behavioural Genetics - supports the idea that parenting alone determines behaviour. Human development is shaped by an intricate interplay of factors: biological predispositions, peer influences, schooling systems, media exposure, economic conditions an...

UK will not join US blockade of Strait of Hormuz

The United Kingdom will not participate in a United States blockade of the Strait of Hormuz, according to local media, following US President Donald Trump’s remarks about blockading the critical shipping route. "We continue to support freedom of navigation and the opening of the Strait of Hormuz, which is urgently needed to support the global economy and the cost of living back home," said a government spokesperson, according to Sky News. "The Strait of Hormuz must not be subject to tolling," the official added. BREAKING: The UK will not be involved in a blockade of the Strait of Hormuz, Sky News understands. Earlier today, Donald Trump said the U.S. Navy would be blocking the critical shipping route. Sky's political correspondent @LucyJMcDaid has the latesthttps://t.co/aJEtGwKcEW pic.twitter.com/Kf9aqrIL90 — Sky News (@SkyNews) April 12, 2026 The official noted that London is "urgently working" with France and other partners to build a broad coalition...

First Pakistan-bound container vessel reaches Karachi after Strait of Hormuz reopening

The vessel MV SELEN arrived at Karachi Port on Saturday, becoming the first Pakistan-bound vessel to do so following the reopening of the Strait of Hormuz after more than a month of disruption caused by conflict in the Middle East. In a statement, the Karachi Port Trust (KPT) said: “MV SELEN, operated by NLC (AP Line), has berthed at Karachi Port, marking the first Pakistan-bound container vessel arrival following recent disruptions in the Strait of Hormuz.” It added that the vessel, arriving from Jebel Ali, signalled the resumption of containerised trade and reinforced confidence in maritime supply chains. Read: First Pakistani vessel carrying oil shipment arrives via Strait of Hormuz The KPT said the development reflected effective coordination among port, shipping and logistics stakeholders to sustain cargo operations. Although the Strait of Hormuz had remained disrupted since the United States and Israel attacked Iran on February 28, Pakistan continued to receive oil ...

Pakistan sends fighter jets to Saudi Arabia under mutual defence pact

Pakistan has sent fighter jets and other military forces to Saudi Arabia to boost security under a defence pact between the two countries, the kingdom's defence ministry said on Saturday. In September 2025, Pakistan and Saudi Arabia signed a landmark “Strategic Mutual Defence Agreement”, declaring that “any aggression against either country shall be considered an aggression against both”. The pact was signed during Prime Minister Shehbaz Sharif’s visit to Riyadh at the invitation of Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud. Read: KSA assures Pakistan of financial support Saudi Arabia's defence ministry said in a statement today ​that Pakistani fighter jets and support aircraft had arrived at the King ⁠Abdulaziz Air Base in the country's Eastern Province. “The Pakistani force consists of fighter and support aircraft belonging to the Pakistan Air Force, with the aim of enhancing joint military coordination,” the statement said, adding th...