'Man of peace': At UNGA, Sharif backs Trump's claim of mediation

Pakistan PM Shehbaz Sharif Friday turned successful a bizarre show astatine the United Nations, wherever helium said Pakistan was acceptable for a composite dialog with India portion making claims astir downing Indian jets during Operation Sindoor, and "delivering a bloody nose". Predictably, helium glossed implicit Pakistan's losses, including the nonaccomplishment of warplanes and demolition of astir each of its strategical aerial bases by the IAF during Operation Sindoor, launched May 7.He besides turned into a fanboy of Trump, calling the US president a "man of peace", and backing his claims of mediation to bring astir the ceasefire - thing repeatedly rejected by India. "Though successful a presumption of strength, Pakistan agreed to a ceasefire facilitated by President Trump's bold and visionary leadership," Sharif claimed.

PM Modi has made it wide successful Parliament nary state asked India to halt Op Sindoor.

Vitamin T

It isn't wide whether Trump's 100% tariff connected imported "branded oregon patented" drugs volition impact India, but markets turned cautious connected Friday. Pharma stocks fell betwixt 1% and 5%. The tariff isn't wholly unexpected - Trump has been talking astir imposing it since April. In July, helium threatened to taxation imported pharmaceuticals astatine 200%. In Aug, helium said the tariff could spell up to 250%.

What stumped the marketplace was the timing, arsenic helium had earlier hinted astatine starting with a "small tariff" and peaking successful 12 to 18 months.The interaction connected India volition beryllium connected however "branded" is interpreted. US is India's biggest pharma market, buying astir $10bn worthy of drugs past year. But these are mostly low-cost generics, including drugs for cardiovascular and neurological disorders. Experts judge these off-patent formulations - adjacent if shipped nether a marque sanction - whitethorn beryllium exempt from the caller tariff.

However, clarity connected this constituent volition look lone aft US issues enforcement rules.For Trump, making US aatmanirbhar successful medicines has been a precedence since his archetypal term. According to a White House release, US makes 40% of its finished drugs, but the stock of locally made APIs is conscionable 10%. This explains the exemption offered to pharma firms mounting up plants successful US. But the abruptness of Trump's decisions - similar with H-1B visas past week, and the penal tariff connected India successful July - is unsettling. Countries similar Ireland, Switzerland, and Germany, which proviso high-value branded and patented drugs, volition intelligibly carnivore the brunt of his latest tariff.

But if branded generics are besides taxed, 40% of India's pharma exports volition beryllium astatine risk. Even if Indian generics are spared for now, Trump's sword volition bent implicit them. So, the hunt for caller markets should statesman immediately.