Tuesday, September 01
Pakistan's widely popular army chief was confirmed to the newly created post of chief of defense forces, a position that was established last month to improve coordination among the army, navy and air force.Prime Minister Shehbaz Sharif's office said in a statement that a summary for the appointment of Field Marshal Asim Munir as both chief of army staff and chief of defense forces had been sent to President Asif Ali Zardari for approval. The president then approved the appointment, confirming Munir's expanded role. "The appointment is for a period of five years," the statement said. Sharif also approved a two-year extension for Air Chief Marshal Zaheer Ahmed Babar, the statement said. Munir has risen to prominence since earlier this year, when Pakistan said it defeated India in a four-day
Foreign investors have pulled out Rs 13,121 crore (USD 1.46 billion) from Indian equities in the first four days of December, taking the total outflow for 2025 to Rs 1.56 lakh crore (USD 17.8 billion), data from NSDL showed on Thursday. This sharp withdrawal follows a net outflow of Rs 3,765 crore in November, continuing the pressure on the markets. These outflows come after a brief pause in October, when FPIs invested Rs 14,610 crore, breaking a three-month streak of massive withdrawals -- Rs 23,885 crore in September, Rs 34,990 crore in August, and Rs 17,700 crore in July. According to the data, Foreign Portfolio Investors (FPIs) withdrew a net amount of Rs 13,121 crore from Indian equities in this month during December 1-4. The renewed selling this month is largely due to year-end portf
