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Can new authority resolve cybersecurity paradox? | The Express Tribune
Questions remain unanswered about funding, institutional coherence and tension with telecom firms
ISLAMABAD:
As the federal IT minister is all set to present the new Cybersecurity Act 2025 for establishing an independent National Cybersecurity Authority (NCA), fundamental questions remain unanswered regarding funding, institutional coherence, and the inherent tension between security and telecom companies.
The government has stated that new secure digital infrastructure will be built under the World Bank-backed Digital Economy Enhancement Project (DEEP). This strategic choice prompts a key question: why is a World Bank-funded project (DEEP), focused on digital public services, being positioned as the backbone for a national security law?
This proposed law pertains to the fourth component of the World Bank’s DEEP, which is Contingent Emergency Response Component (CERC) and is being financed with zero dollars and is primarily about development of a CERC manual that entails an emergency action plan. DEEP is specifically funding the assessment of Pakistan’s cybersecurity infrastructure and the development of a comprehensive cybersecurity roadmap by the end of this year.
By embedding the new Cybersecurity Act’s architecture directly into the DEEP project, the government is seeking to achieve two goals: tapping into international investments and standardisation.
NCA would utilise moderately sized international investment (DEEP) to finance the otherwise expensive development of secure, government-wide infrastructure, bypassing reliance solely on the national budget. At the same time, it shall enforce global best practices, as World Bank projects require stringent standards for data governance and security. Logically, these good practices could be then followed by our National CERT.
However, the question remains: what happens to the existing National Emergency Response Team (PK CERT) and will the Act lead to institutional redundancy? And what roles related to cybersecurity shall remain with the Pakistan Telecommunication Authority (PTA)?
PK CERT (Pakistan Computer Emergency Response Team) is the officially designated National CERT, formally established under the CERT Rules 2023 to handle cyber incident response, threat intelligence sharing, and coordination across national and sectoral CERTs.
Now establishing a new, overarching National Cybersecurity Authority with response powers could create bureaucratic overlaps with the operational functions already mandated to PK CERT. Will the NCA become the policymaking body while PK CERT remains the technical implementation arm, or will the NCA attempt to incorporate the functions of PK CERT in entirety?
Similarly, the PTA has its own comprehensive cybersecurity framework for the telecom sector that is built on six pillars of legal framework, cyber resilience, proactive monitoring and incident response, capacity building, cooperation and collaboration, and public awareness. Collectively, these pillars represent a holistic approach, ensuring a resilient and secure digital infrastructure across Pakistan’s telecom sector.
It remains to be seen whether the new Cybersecurity Act and the establishment of the National Cybersecurity Authority would rationalise or rather confuse the PTA’s security mandate?
The PTA currently operates under a regulatory framework focused on communication and content. The proposed NCA, however, is meant to be the apex technical and policy body for national cybersecurity. If the NCA focuses strictly on national defence and critical infrastructure protection, the PTA’s security role might be limited to telecom operators. This could lead to a clear division of labour.
But if conversely, the NCA demands sweeping powers over all digital infrastructure, it would create a conflict over who sets the technical standards for telecom networks – the established telecom regulator (PTA) or the new cyber authority (NCA).
The PTA’s current dual role as a regulator as well as an enforcer of censorship means its actions are often perceived through a lens of political control rather than technical security. The NCA must ensure that the overall cybersecurity strategy prioritises technical defence and rights protection over the PTA’s tendency towards mass restriction. So, the true test of the new framework is whether the NCA, as a high-level authority focused on technical resilience, will advocate for alternative, targeted security measures instead of blanket shutdowns enforced by the PTA.
In essence, the new Cybersecurity Act provides an opportunity to either formalise the PTA’s necessary security functions under the NCA’s umbrella, thereby improving coherence, or it could simply add another layer of bureaucracy, further muddying the lines of authority over Pakistan’s critical digital space. The need for a “beefed-up incident response” system is undeniable, but it must build on the technical expertise that PK CERT is tasked with developing.
If the new authority is primarily a political or bureaucratic body, it risks sidelining the technical competency of PK CERT, replacing expert-driven incident management with top-down political control.
A similar fiasco happened a few years back when we tried to transfer powers for managing state-owned companies to a newly established withholding company – Sarmaya-e-Pakistan – a move that totally backfired and resulted in wastage of taxpayers’ money.
The writer is a Cambridge graduate and is working as a strategy consultant
Business
Eli Lilly to build $6 billion manufacturing plant in Alabama to help make upcoming obesity pill, other drugs
Eli Lilly CEO David A. Ricks speaks at a press conference at Generation Park in Houston, Monday, Sept. 23, 2025. The company announced plans for a $6.5 billion biomanufacturing plant in north Houston. (Raquel Natalicchio/Houston Chronicle via Getty Images)
Raquel Natalicchio | Houston Chronicle | Getty Images
Eli Lilly on Tuesday said it will spend $6 billion to build a manufacturing plant in Huntsville, Alabama, to help boost production of its closely watched experimental obesity pill and other drugs.
It is the third facility in a string of new planned U.S. investments by the drugmaker. Eli Lilly announced in February that it would spend at least $27 billion to build four new domestic manufacturing plants, adding to $23 billion in previous investments since 2020.
The company said it expects construction of the Alabama plant to start in 2026 and for it to be completed in 2032.
“Today’s investment continues the onshoring of active pharmaceutical ingredient (API) production, strengthening supply chain resilience and reliable access to medicines for patients in the U.S.,” said Eli Lilly CEO David Ricks in a release.
That added production capacity for Eli Lilly’s obesity pill, orforglipron, is crucial as the company races to file for its approval and tries to maintain its dominance in the booming market for GLP-1s. The company and its chief rival, Novo Nordisk, faced supply shortages for their existing weekly injections after demand skyrocketed in the U.S. in recent years, though they have managed to alleviate those issues.
Eli Lily’s pill in November won a priority review voucher from the Food and Drug Administration, which will significantly speed up the regulator’s assessment of the drug to potentially a few months.
Drugmakers have been scrambling to boost their production in the U.S. after threats by President Donald Trump to impose tariffs on pharmaceuticals imported into the U.S. But concerns about those potential tariffs have eased following recent drug pricing deals with Trump that exempt companies from the levies.
Eli Lilly said the Alabama site will bring 450 jobs to the area, including engineers, scientists, operations personnel and lab technicians, as well as 3,000 construction jobs.
Business
Fed call ahead: Central bank eyes third rate cut amid sharp divisions; why follow-up easing looks uncertain – The Times of India
The US Federal Reserve is widely expected to lower borrowing costs this week, but deep divisions within the policy-making panel suggest further rate cuts will be harder to secure, analysts say.Policymakers are set to meet on December 9–10 amid a complicated economic backdrop, with inflation still running above the Fed’s 2% target even as hiring weakens and unemployment rises. Economists expect Chair Jerome Powell to back a quarter-point cut — the third this year — though dissent is likely to be unusually high, AP reported.Some analysts believe as many as three officials could vote against the cut, marking the most dissenting votes in six years. Only 12 of the Fed’s 19 rate-setting committee members vote on decisions, and several non-voting officials have also expressed opposition to further easing.“It’s just a really tricky time. Perfectly sensible people can reach different answers,” William English, economist at Yale School of Management and former senior Fed staffer, said, highlighting the challenge of building consensus.The debate has been complicated by sparse official data following the prolonged US government shutdown, which delayed employment and inflation readings. Inflation pressures would normally argue against rate cuts, while signs of labour market weakness point in the opposite direction.Most economists now expect a “hawkish cut” — a rate reduction accompanied by guidance suggesting the Fed may pause to assess economic conditions. Financial markets are increasingly focused on the tone of Powell’s commentary rather than the cut itself.Kansas City Fed president Jeffrey Schmid is expected to dissent again in favour of holding rates steady, potentially joined by St. Louis Fed president Alberto Musalem. Fed governor Stephen Miran may oppose the quarter-point move and instead argue for a larger half-point reduction.Expectations of a December cut firmed after New York Fed president John Williams said the recent rise in inflation appeared to be a temporary effect linked to tariffs, and that he still saw “room for a further adjustment” in rates. Market-implied odds of a cut now stand at about 89%, according to CME Fedwatch.Powell’s leadership is also being tested politically, as President Donald Trump has repeatedly criticised the Fed chair and signalled that a new chair will be appointed when Powell’s term ends in May.While concerns about unemployment — which rose to 4.4% in September — are driving support for a December cut, economists caution that additional easing will depend on upcoming data. The Fed will review a backlog of jobs and inflation reports before its next meeting in January, which could either justify further cuts or compel a pause.
Business
Global Airline Industrys Revenue Projected To Rise 4.5% To Over $1 Trillion In 2026
New Delhi: The total revenues of the global airline industry are expected to reach $1.053 trillion in 2026, up 4.5 per cent from $1.008 trillion expected in 2025, the International Air Transport Association (IATA) said on Tuesday. Meanwhile, return on invested capital (ROIC) is expected to be 6.8 per cent, unchanged from 2025. “Despite deleveraging and improved operating profitability, ROIC is expected to remain below the weighted average cost of capital (WACC) estimated to be 8.2 per cent in 2026,” IATA noted in a statement.
The association said that in the upcoming year, airlines’ combined total net profit is projected at $41 billion, up from $39.5 billion in 2025. Profit numbers would set a new record, the net profit margin may remain unchanged at 3.9 per cent from the current year.
Net profit per passenger transported is expected to be $7.90, down from the 2023 high of $8.50. At the same time, operating profit in the industry would be $72.8 billion, up over 8 per cent from $67.0 billion in 2025 for a net operating margin of 6.9 per cent (improved on the 6.6 per cent expected for 2025).
The number of passengers is also expected to grow 4.4 per cent to 5.2 billion in 2026. As per the global air transport body, the load factors are expected to continue setting new record highs as airlines’ seat accuracy is expected to be 83.8 per cent in the coming year (2026).
Cargo volumes are expected to reach 71.6 million tonnes, up 2.4 per cent in 2025. “Airlines are expected to generate a 3.9 per cent net margin and a $41 billion profit in 2026. That’s extremely welcome news considering the headwinds that the industry faces—rising costs from bottlenecks in the aerospace supply chain, geopolitical conflict, sluggish global trade, and growing regulatory burdens among them,” said Willie Walsh, IATA’s Director General.
Meanwhile, according to IATA, deliveries of new aircraft began to pick up in late 2025, and production is expected to accelerate next year. “Demand is forecast to outstrip the availability of aircraft and engines. The normalisation of the structural mismatch between airline requirements and production capacity is unlikely before 2031-2034 due to irreversible losses on deliveries over the past five years and a record-high order backlog,” IATA highlighted.
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