EU Ambassador Raimundas Karoblis has explicitly conditioned Pakistan's continued GSP+ trade access on measurable human rights progress, naming blasphemy cases, enforced disappearances, minority rights, and the Prevention of Electronic Crimes Act as four areas requiring concrete action. GSP+ grants Pakistan preferential tariff access to the EU market, Pakistan's single largest export destination, making the stakes directly material for the country's trade revenues and industrial base. Karoblis framed the conditions not as external interference but as obligations Pakistan assumed by ratifying United Nations conventions, a legal grounding that narrows Islamabad's room to push back diplomatically. The warning came ahead of the High-Level EU-Pakistan Business Forum on April 28-29, where senior policymakers, business leaders, and EU financial institutions are expected to discuss investment in agri-business, fintech, green logistics, textiles, and responsible mining under the EU's Global Gateway initiative. The juxtaposition of rights pressure with investment outreach signals that Brussels is running a two-track strategy: expanding economic engagement while hardening the compliance bar. Pakistan's textile and apparel exporters, heavily reliant on GSP+ margins, face the clearest downside risk if progress is deemed insufficient at the next review.
India's Expenditure Finance Committee has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, up 64 percent from ISM 1.0's Rs 76,000 crore. The proposal now goes to the Cabinet, as two chip plants begin commercial output and a third, CG Semi, is set to open July 4, 2026.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.
