Entertainment
Pakistan shifting away from aid to trade with GCC countries: FinMin
- Inflation drops to single-digit from 38% peak.
- Primary surpluses and reserves strengthen external buffers.
- Ratings agencies upgrade Pakistan’s outlook this year.
Finance Minister Muhammad Aurangzeb has that said Pakistan is shifting away from aid-based support towards trade and investment-led engagement, with a focus on deeper economic partnerships with Gulf Cooperation Council (GCC) countries.
In an interview with CNN Business Arabia, Aurangzeb said the strategic shift, which he said has been clearly articulated by Prime Minister Shehbaz Sharif, reflects Pakistan’s renewed economic confidence and reform momentum, aimed at long-term economic sustainability.
He said Pakistan has remained on a comprehensive macroeconomic stabilisation programme over the past 18 months, delivering what he described as “tangible and measurable” results. Inflation, which he said had peaked at an unprecedented 38%, has declined to single-digit levels.
Aurangzeb also pointed to primary surpluses, a current account deficit “well within” targeted limits, a stabilised exchange rate and foreign exchange reserves improving to around 2.5 months of import cover, which he said reflected strengthening external buffers.
The finance czar cited two external validations of Pakistan’s improving outlook. He said all three international credit rating agencies have upgraded Pakistan’s ratings and outlook this year, and that Pakistan has completed the second review under the International Monetary Fund (IMF) Extended Fund Facility (EFF), with the IMF Executive Board granting its approval earlier this week, developments he said signalled growing international confidence in Pakistan’s economic management and reform trajectory.
The finance minister said macroeconomic stabilisation has been achieved through a coordinated approach combining disciplined monetary and fiscal policies with an ambitious structural reform agenda. He said reforms are being pursued across taxation, energy, state-owned enterprises, public financial management and privatisation to consolidate stability and lay the foundations for sustainable growth.
On taxation, the finance minister said Pakistan’s tax-to-GDP ratio has improved from 8.8% at the start of the reform programme to 10.3% in the last fiscal year, with a clear path towards 11%.
He said the government’s objective is to reach a level of tax collection that ensures fiscal sustainability over the medium to long term by widening the tax base and bringing previously undertaxed but economically significant sectors, including real estate, agriculture, and wholesale and retail trade, into the formal net.
He said the plan also includes deepening compliance by reducing leakages through production monitoring systems and AI-enabled technologies, alongside reforms in people, processes and technology to transform tax administration.
In the energy sector, Aurangzeb highlighted efforts to improve governance in distribution companies, bring in private-sector expertise, advance privatisation and reduce circular debt, which he said has long constrained the power sector. He said rationalising the tariff regime is essential to make energy more competitive for industry, supporting industrial revival and economic growth.
The senator acknowledged the longstanding support of GCC countries, including Saudi Arabia, the United Arab Emirates and Qatar, noting their role in supporting Pakistan through financing, funding and cooperation at international financial institutions such as the IMF. He said the relationship is now evolving towards a new phase centred on trade expansion and investment flows.
He said remittances continue to play a vital role in supporting the current account, with inflows reaching about $38 billion last year and projected to rise to $41–42 billion this year, with more than half originating from GCC countries.
Looking ahead, Aurangzeb said Pakistan is engaging GCC partners to attract investment in priority sectors including energy, oil and gas, minerals and mining, artificial intelligence, digital infrastructure, pharmaceuticals and agriculture. He also expressed optimism about progress on a Free Trade Agreement with the GCC, saying discussions are at an advanced stage.
Reiterating the government’s direction, the finance minister said Pakistan’s future lies in fostering trade and investment partnerships rather than reliance on aid, arguing that foreign direct investment into productive sectors would support higher GDP growth, generate employment and deliver shared economic benefits for Pakistan and its partners.
He said the government is fully mobilised to translate the vision into reality.
Entertainment
Jim Carrey once stopped ‘Grinch’ filming for child costar Taylor Momsen
Taylor Momsen has opened up about a tense moment on the set of How the Grinch Stole Christmas, recalling how Jim Carrey once stopped production to ensure her safety during a stunt.
Momsen, who was just 7 years old when she filmed her feature debut, described the scene in Vulture’s oral history of the movie.
“I remember when we were shooting the scene coming down the mountain on the sled. It was this real sled that was up on a giant spring that was being controlled and moving from side to side, very aggressively,” Momsen said.
“There was a moment where I almost fell out of the sled, and he freaked out. He called cut and started checking in on me. I was having a great time. I was laughing; I wasn’t thinking about the fact that I just almost fell very high off the ground.”
She added that Carrey’s presence made her feel safe on set.
“At such a young age, to watch an artist who is that serious at what they’re doing even while playing this very over-the-top character, it was clear to me how much he was putting into it and how much of an artist he was.”
Carrey praised Momsen’s early talent, calling her “an incredibly precocious child” with “comedy timing [that] was impeccable. A total pro. I don’t think she ever went up on a line or missed a cue or anything like that.”
The two recently reunited for the first time in 25 years at the Rock and Roll Hall of Fame Induction Ceremony, sparking nostalgia for fans.
Carrey shared that seeing Momsen again was a joy.
“She has a really powerful manner. I was so glad she’s done so well for herself. She’s been through some challenges in her life and come out the other side. And she brought me a Crunchie, which is my favourite chocolate bar. That was awesome.”
From a young co-star to a successful adult, Momsen’s journey alongside Carrey highlights the bond formed behind the scenes of the beloved holiday classic.
Entertainment
Amy Schumer, Chris Fischer still living together post split
Amy Schumer and Chris Fischer may have ended their marriage, but they are still sharing a home as they focus on raising their son together.
The comedian and actor, 44, is continuing to live with her estranged husband, 45, as she prioritises keeping him closely involved in their six-year-old son Gene’s daily life.
A source familiar with the situation says the arrangement is intentional and centered entirely around co-parenting.
“She expects that they’ll co-parent full-time together and that he’ll see Gene almost as much as he does now — if not more,” the source shared, adding, “They are still largely under the same roof, for the kid’s sake.”
Until recently, the former couple had been living in their Brooklyn Heights townhouse.
Schumer sold the property last week for $11 million, about $1.25 million less than what she paid for it in 2022.
She originally listed the home in March and explained at the time that the move was motivated by Gene starting at a new school in Manhattan.
Even as their living situation changes, those close to Schumer say her goal remains the same.
“She wants them to continue to be very much united when it comes to raising their son,” the source said.
The family has long relied on nannies for support, and that arrangement is expected to continue.
Schumer’s career plans are also part of the equation.
According to the source, “Amy wants Chris to stick around for Gene … If she contemplates another comedy tour at any point in the future, she wants Chris to be the one looking after Gene and ideally be willing to travel with her.”
However, the source was clear about one boundary, adding, “She just never wants to be romantically involved with him again.”
Schumer confirmed the split herself on Instagram on Friday, following reports earlier this month that the marriage was no longer working.
The Emmy Award winner married Fischer in February 2018, and they welcomed Gene just a few months later in May.
While their romantic relationship has ended, both appear committed to moving forward as a united parenting team.
Entertainment
Magnitude-5.2 earthquake shakes parts of Karachi, Balochistan
- Epicentre located in Sonmiani, 87km from Karachi: NSMC.
- Tremors also felt in Balochistan’s Hub, Vinder, Gadani.
- 3.2-magnitude quake rattles Sibi city earlier today.
A moderate earthquake measuring 5.2 struck parts of Karachi and Balochistan late on Monday night, causing panic among citizens.
The National Seismic Monitoring Centre of the Pakistan Meteorological Department (PMD) said the earthquake’s epicentre was in Balochistan’s Sonmiani, with a depth of 12 kilometres and was centred about 87 kilometres from Karachi.
Sonmiani is a coastal village in southeastern Balochistan.
In Balochistan, the tremors were felt in Hub, Vinder, and Gadani.
Earlier today, a 3.2-magnitude earthquake rattled Balochistan’s Sibi city and surrounding areas, with its epicentre 53 kilometres away from the city, with no reports of any casualties or damage.
On December 3, mild tremors shook its Khuzdar and Sibi districts.
Khuzdar experienced a 3.3-magnitude earthquake at a depth of 15km, with its epicentre 80km southwest of the city, while Sibi felt tremors of magnitude 4.0 at a depth of 10km, centred about 50km southwest of Sibi.
The November 26 Sibi quake had a magnitude of 3.1, while its depth was recorded at around ten kilometres. The NSMC reported that the epicentre was located roughly 60 kilometres north-east of Sibi.
The tremors did not last long and caused no damage.
Parts of the province faced minor tremors earlier in November, also.
On November 8, the PMD’s seismic centre reported that tremors shook Ziarat and surrounding areas, registering a magnitude of 5.0.
The quake’s epicentre was pinpointed 67 kilometres northeast of Quetta.
The last major earthquake to hit Ziarat struck in 2008, claiming more than 200 lives and leaving around 500 injured.
Entire villages were flattened, and hundreds of homes and government buildings were reduced to rubble, forcing over 15,000 people from their homes.
The worst-hit areas were the small settlements of Ziarat, where roughly 170 people died, most of them women and children.
While other districts, including Pishin, Bolan, Chaman, and Quetta, also reported casualties and damage, according to reports.
The country has long been vulnerable to natural disasters, from the 2005 northern quake that killed 73,000 to the devastating 1935 earthquake in Quetta, which claimed around 30,000 lives.
Balochistan province largely sits along a seismic hotspot, where the Indian plate pushes against the Eurasian plate.
Balochistan, the country’s largest province, remains sparsely populated, making rescue and relief operations especially difficult.
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