Operation Sindoor has triggered a significant downturn in the Pakistan stock market, with the KSE 100 index plummeting over 6% after India conducted missile strikes on terrorist facilities in Pakistan and Pakistan-occupied Kashmir. This decline follows a 3% drop the previous day, exacerbated by economic pressures from India, including the suspension of the Indus Waters Treaty. The Pakistani market, already fragile and heavily reliant on IMF support, faces increased volatility and foreign capital outflows amidst rising tensions with India, while Indian markets show resilience.
Full Article
FIR alone no ground to impound passport, says J&K HC
The Jammu and Kashmir and Ladakh High Court overturned a CBI court's ruling, emphasizing that the existence of an FIR or a pending investigation alone is insufficient grounds to deny, impound, or withhold passport renewal. This decision was prompted by the seizure of a retired IAS officer's passport during a raid connected to an investigation into illegal arms licenses. The court's ruling highlights the need for more substantial evidence before restricting an individual's right to...
Read more