Over 52 per cent of Britons voted on June 23 to leave the European Union.

British Prime Minister David Cameron, who had campaigned against the Brexit, announced his resignation on Friday following the 'Leave' vote even as he promised to try to "steady the ship" before he formally steps down in October.

Following the vote, the Pound sterling crashed to a 31-year low as the KSE-100 index fell 2 per cent on the back of volatility in international currency markets.

The UK now has two years to negotiate terms of exit from the bloc.

Opinion

Editorial

Missing confidence
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Missing confidence

For the government, the economy may be more stable now than it was three years ago, but for manufacturers and exporters, it is still difficult to do business.
GB elections
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GB elections

THERE has been some heated politicking in the country’s scenic north in recent days, with Gilgit-Baltistan finally...
The Lebanon factor
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The Lebanon factor

THE fragile calm that followed the recent US-Iran confrontation is being tested. Iran has made it clear that it does...
Mixed messaging
Updated 02 Jun, 2026

Mixed messaging

It is fair to ask how these actions fit into a strategy that is supposedly aimed at reaching a negotiated settlement.
Sugar: the bitter truth
02 Jun, 2026

Sugar: the bitter truth

THEY are at it again. Politically powerful sugar mill owners are back with their demand seeking permission to export...
Uphill battle
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Uphill battle

A DISPUTE has broken out between Karachi’s political representatives over illegal encroachments on the city’s...