
Operation Sindoor fallout: Rattled Pakistan hastily props up new missile force; increases military spending
Operation Sindoor
, a rattled Pakistan is working hastily to improve its military capabilities, establishing a new military force to oversee its missile arsenal, the Army Rocket Force Command.
Pakistani PM
Shehbaz Sharif
made the announcement late Wednesday, speaking at the country's 78th Independence Day ceremony in Islamabad.
"It will be equipped with modern technology and capable of striking the enemy from all directions," he said, adding, "It will improve our conventional war capabilities."
'It is a key milestone in the advancement of the country's military response capability,' Sharif further stated.
Pakistan's new force is reportedly modelled on its all-weather ally China's People's Liberation Army Rocket Force, which oversees an arsenal of land-based ballistic, hypersonic, and cruise missiles, both nuclear and conventional.
"After the recent conflict, the object of course is to further strengthen Pakistan's military capability and this is a part of that process," defence analyst Talat Masood, a former general, told AFP.
Pakistan's President Asif Ali Zardari, three services chiefs and other national dignitaries were also present at the event, PTI reported.
Back in May, Pakistan and India engaged in a fierce four-day conflict involving missile, drone and artillery fire.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Diversify your portfolio with Edelweiss NFO
Edelweiss Mutual Fund AMC
Undo
It was the deadliest escalation between the nuclear-armed rivals since 1999.
The conflict erupted after India launched Operation Sindoor in retaliation against Pakistan-backed terrorists who killed 26 tourists in Pahalgam, Jammu and Kashmir.
Pakistan deployed several of its missile systems during the fighting, alongside J-10C Vigorous Dragon and JF-17 Thunder fighter jets.
Also Read:
'If you ask a Pakistani ...': Army chief mocks Pak victory claim; hails 'free hand' in Operation Sindoor
Islamabad has since moved to strengthen the country's defences, raising military spending by 20% in the June budget.
Plans are also under way to acquire 40 new Chinese fighter jets and modern air defence systems.
In his address, Shehbaz also thanked nations including China, Saudi Arabia, Türkiye, Azerbaijan, the UAE, and Iran for supporting Pakistan.
He also called on all political parties, stakeholders, and civil society to come together to protect the country's national interests.
The PM further claimed that the country's inflation had fallen from 34% to 5% and the interest rate went down to 11% from the earlier 21%.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
21 minutes ago
- Time of India
Can vertical SaaS transform niche industries with artificial intelligence
Some of the most interesting startup pitches I see these days do not promise to change the world. They promise to change a workflow, with artificial intelligence solving a critical problem of a particular industry. A messy, outdated, painful process that is too niche for large software giants to notice. That is the magic of vertical SaaS powered by artificial intelligence. Also, these businesses need very little venture capital to reach escape velocity, also known as breakeven at scale. Hence, the guerrilla way of venture building. As a seed investor, I believe this category is quietly reshaping how industries function, one focused solution at a time. Independence Day 2025 Modi signals new push for tech independence with local chips Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji Subhas Chandra Bose gave India its own currency For those unfamiliar, vertical SaaS refers to software products or platforms built specifically for a single industry or use case. Examples include a debt collection solution used by banks and NBFCs to improve recovery and compliance, a sustainability reporting tool built for textile manufacturers to track emissions and meet ESG norms, or a customer conversation platform that uses artificial intelligence to assist call centre agents in real time. Their value lies in deep domain knowledge, built to navigate the unique rules, workflows, and challenges of each industry. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo As venture capitalists, we are not just chasing trends, we are also looking for signals. And in the case of vertical SaaS, the signals are strong. These startups tend to have longer-lasting customer relationships, stronger margins, and much clearer paths to profitability. Their clients rarely churn because once an industry-specific tool is integrated into daily operations, replacing it is painful. That creates stickiness, and stickiness builds enduring companies. But what is really interesting is the timing. Several things are coming together to make this moment ripe for vertical SaaS. Cloud infrastructure is now robust and affordable, allowing startups to build faster and scale without massive upfront investment. Even traditional businesses, from clinics to small factories, are now open to digitisation, especially when the solutions speak directly to their problems. Live Events At the same time, artificial intelligence, often viewed as a general-purpose technology, is supercharging these vertical solutions. A chatbot trained on dermatology data with over one thousand patient conversations can outperform any generic artificial intelligence model in a clinical setting. That is the power of specificity, and it is what makes artificial intelligence in vertical SaaS truly transformative. I often get asked why not just invest in broader platforms that can scale across industries. The answer lies in focus. Startups that go deep into one sector understand their customers better. Their messaging is clearer. Their sales cycles are shorter. They do not have to educate the market on the value of software. They show how their product solves a known, painful problem. That is a huge advantage, especially in emerging markets where trust and usability are everything. We are seeing this play out across India and other developing economies. From supply chain platforms for agri-exporters to legal tech tools for small law firms, entrepreneurs are spotting inefficiencies that have long been ignored. These are not glamorous problems, but they are real, and solving them creates real value. In many cases, these startups are not even competing with other software. They are replacing pen and paper, Excel sheets, and WhatsApp groups. That is an enormous opportunity. Of course, capital plays a crucial role, but it is not just about writing cheques. At the early stage, vertical SaaS startups often need guidance on how to sell, how to price, and how to build for scale without losing their niche. As venture capitalists, we bring not only capital but also access. Access to pilot customers, to advisors from within the industry, and to talent that understands both technology and the specific sector. I have seen companies unlock growth just by getting introduced to the right distribution channel or hiring someone who has worked on the client side of the industry. What is also heartening is how founders in this space tend to operate. Many come from the industries they are trying to fix. They have seen the gaps firsthand, often as bankers, engineers, teachers, or logistics operators. They decided to build solutions because nobody else was solving the problems they encountered daily. That lived experience brings empathy, and it reflects in the product. The interface is more intuitive. The features are more relevant. The onboarding feels less like software and more like a helping hand. There is also something to be said about the resilience of vertical SaaS models. Most operate on a subscription basis, creating predictable revenue. Contracts are often annual, if not multi-year. This gives startups the stability to reinvest in product development and customer success, both of which matter a lot more when you are solving for depth rather than breadth. It also gives investors like us the confidence that the business can withstand market swings better than many flashier counterparts. After investing in several such companies at the pre-seed stage and witnessing their journeys first-hand, we have seen a clear pattern emerge. In categories like debt recovery, construction management and artificial intelligence-enabled sales platforms, it is possible to reach ₹300 crore in topline within the first five years when founders are solving a deep, industry-specific pain point and distribution is cracked early. With strong product-market fit, the path to ₹500–1000 crore revenue becomes a question of execution, not potential. None of this is to say that vertical SaaS is easy. Going deep into one sector means founders must be patient. The total addressable market might look small at first glance. But once the product proves itself, expansion into adjacent segments or into new geographies with similar market structures becomes a natural next step. And that is when growth really takes off. Looking ahead, I believe the next decade will see vertical SaaS companies emerge not just as profitable businesses but as quiet disruptors within industries that desperately need modernisation. Whether it is farming, education, construction, or logistics, sectors that are often overlooked in technology conversations will be transformed by software built not for the general market but for the people who wake up every day to real, operational problems. As investors, we are excited to partner with these founders. The ones who know that transformation does not always begin with scale. Sometimes, it starts with a small fix to a big problem. And from there, everything changes. Author is Founder and Managing Partner of Zeropearl VC .


Time of India
24 minutes ago
- Time of India
Want GST 2.0 to be Good and Simple Tax not Growth Suppressing Tax: Cong
The Congress Saturday demanded an official discussion paper on GST 2.0 soon for a wider debate on it and said the reform should be towards a " Good and Simple Tax " in letter, spirit, and compliance, and not the " Growth Suppressing Tax " it has become. Independence Day 2025 Modi signals new push for tech independence with local chips Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji Subhas Chandra Bose gave India its own currency The opposition party's assertion came a day after Prime Minister Narendra Modi announced that GST rates will be lowered by Diwali, bringing down prices of everyday use items, as his government looks to reform the eight-year-old regime that has been plagued by litigation and evasion. Congress general secretary in-charge of communications, Jairam Ramesh , said that for well over a year and a half at least, the party has been calling for a radically transformed GST 2.0. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dhoni's Exclusive Home Interior Choice? HomeLane Get Quote Undo Noting that a transformed GST 2.0 was a key pledge in the Congress manifesto for the 2024 Lok Sabha elections, Ramesh on Friday said the prime minister seems to have finally woken up to the fact that economic growth will simply not accelerate unless this transformation takes place and increases private consumption and private investment. "Over the last seven years, the spirit of GST has been vitiated by an increased number of rates and the granting of multiple exemptions. The structure also seems to have facilitated evasion. There must be a drastic reduction in the number of rates," he said in a statement. Live Events The Congress leader said simplification of the rate structure is essential, but must be done in a manner that minimises revenue uncertainty to states and also eliminates the classification disputes that have become so common. "The GST compensation cess expires on March 31, 2026. This must be extended to offset any revenue uncertainty from the rationalisation of the rate structure." Ramesh said the widespread concerns of MSMEs -- the major employment generators in the economy -- must be addressed meaningfully, he said, adding that apart from major procedural changes in GST, this will involve further increasing the thresholds that must apply to interstate supplies as well. Sectoral issues that have surfaced, for instance, in textiles, tourism, exporters, handicrafts and agricultural inputs, must be tackled, he said. In addition, states should be incentivised to move towards the introduction of state-level GST to cover electricity, alcohol, petroleum, and real estate as well, the Congress leader opined. "The Indian National Congress demands an official discussion paper on GST 2.0 very soon so that there can be an informed and wider debate on this vital and pressing national issue. "GST 2.0 should be truly a Good and Simple Tax (GST) in letter, spirit, and compliance, not like the Growth Suppressing Tax (GST) it has become," Ramesh said. Soon after the prime minister's announcement from the ramparts of the Red Fort on the 79th Independence Day, the Union Finance Ministry said it has proposed that most goods and services be taxed in two slabs -- standard and merit -- and a select few items be charged special rates. This is to replace the current goods and services tax (GST) structure, where sale of goods and rendering of services are taxed in four different brackets -- 5 per cent, 12 per cent, 18 per cent and 28 per cent -- with luxury and sin goods attracting a levy on top of the highest rate of 28 per cent. "This Diwali, I am going to make it a double Diwali for you," Modi had said in his address to the nation. Stating that over the past eight years, his government has undertaken major GST reforms, the prime minister said, "We have discussed with states and we are bringing next-generation GST reforms that will reduce the tax burden across the country." "Tax on items for the common man will be reduced substantially. Our MSMEs will benefit hugely. Daily use items will become cheaper, which will also strengthen our economy," he had said. GST, which subsumed a host of taxes and local levies, was rolled out on July 1, 2017.


Time of India
24 minutes ago
- Time of India
‘Not just investors...': Tax consultant says India's brightest are quietly leaving
Not just investors, but even India's top JEE rankers are leaving the country, according to tax consultant Madhav Pangarkar . Independence Day 2025 Modi signals new push for tech independence with local chips Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji Subhas Chandra Bose gave India its own currency In a LinkedIn post, Pangarkar claimed that it's not only investors but also engineers, doctors, and high-ranking JEE achievers who are steadily moving abroad. Sharing a post by Anubhav Gupta, he wrote: "This investor is leaving India... But it's not just him saying goodbye. Every year, 60,000 to 75,000 engineers and doctors leave. Around 62% of top JEE rankers fly abroad. And we lose $2 billion to just IT brain drain." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo He added: "That's the India we don't talk about — the one where the smartest quietly pack their bags. Because of corruption, red tapism, and hatred. This Independence Day, maybe we should ask: What are we losing while we celebrate?" His remarks come on the heels of the Henley Private Wealth Migration Report 2025, which revealed that India remains among the top five countries losing the most millionaires annually. The report estimates that 3,500 Indian millionaires will leave in 2025—lower than 5,100 in 2023 and 4,300 in 2024—but still among the world's highest. Collectively, these millionaires are expected to take $26.2 billion in wealth with them. Live Events However, the so-called brain drain presents a more complex picture. A Bloomberg report earlier this month noted that about 13 million Indians, including professionals and laborers, were employed overseas in 2022, while more than 760,000 students left to study abroad in 2023. Crucially, Indians abroad remitted $125 billion back home last fiscal year. The report also pointed out that while India's economy is expanding rapidly, it must generate at least 115 million jobs by the end of the decade to match its population growth—something migration helps ease. Meanwhile, Pangarkar's post drew mixed reactions. One user wrote: 'Let them leave. They thrive on the sacrifices of the poor but blame corruption and red tapism instead of taking leadership roles.' Another said: 'There are more avenues in India. If you feel neglected by reservations, build your own path and carve your own niche.'