Lebanon will only survive if Hezbollah disarms: Saudi minister
Saudi Arabia’s foreign minister said on Friday that Lebanon had been “hijacked” by Hezbollah and could only flourish if...
FBR extends tax filing date up to December 15
The Federal Board of Revenue (FBR) has extended the date of filing of returns and statements for the tax...
Political risk on Wall Street? Buy the dip!
An abrupt stock selloff on Friday — sparked by a report that magnified concerns about President Donald Trump’s potential...
Dr. Asim Hussain formally indicted in corruption case
An accountability court formally indicted former petroleum minister Dr. Asim Hussain in a case of corruption as well as money laundering. Dr. Asim Hussain was produced by National Accountability Bureau (NAB) authorities in the accountability court Karachi where charge-sheet of Rs.462 billion rupees corruption, money laundering and misuse of land of... Read more
NAB nabs Balochistan Finance Secretary Mushtaq Raisani: Recovers Rs. 630M from  residence
The National Accountability Bureau (NAB) conducted raided the residence of Secretary Finance Balochistan Mushtaq Raisani in Quetta and recovered 12 bags full of currency worth Rs. 630 million. Earlier today, NAB had taken the Secretary Finance Balochistan in custody for misuse of his powers. NAB had to get at least three cash counting... Read more
Pakistan courts Renault-Nissan in a bid for auto investment
Pakistan is trying to court foreign car makers like Renault-Nissan with generous import duties, however convincing them to set up factories will be an uphill challenge due to political stability and security issues. The government wants to shake up its Japanese-dominated car market and loosen the grip of Toyota, Honda, and Suzuki,... Read more
Cricket: Mickey Arthur appointed Pakistan head coach after increasingly desperate search
Former South African cricketer and coach for PSL’s Karachi Kings, Mickey Arthur, has been been appointed as Pakistan cricket team’s new official head coach, confirmed the Pakistan Cricket Board (PCB) earlier today. The post was left vacant after Waqar Younis resigned following Pakistan’s disastrous World Twenty20 performance in India,... Read more
IDPs to be back home by this November: Governor KP
The Governor Khyber Pakhtunkhwa (KPK) Iqbal Zaffar Jhagra earlier today said that Internaly Displaced Persons (IDPs) would be sent back to their homes by November this year. Addressing a ceremony organized here in connection with Annual day of Red Crescent Society, the governor KPK said that the government was... Read more
ECP backs greater women political participation
The secretary Election Commission (ECP) of Pakistan Babar Yaqoob earlier today said that the Commission would fully support gender mainstreaming and greater political participation of women overall. He was talking to media after chairing a meeting of civil society members on the issues pertaining to female voters’ registration. Additional... Read more
Suzuki may invest $460m in Pakistan….. if govt revises new auto policy
Suzuki plans to invest $460 million into Pakistan but only if the government provides the right incentives and amends its new auto policy, the company said earlier today. Pakistan in March announced a new auto policy that favours potential new entrants over existing manufacturers by offering them lower duties, part... Read more
Peshawar: At least18 Afghan nationals amongst detained 165 suspects
The police and security forces apprehended at least 165 suspects during search operations in different areas of Peshawar earlier today. According to police, 18 Afghan nationals were also arrested among them who were illegally residing in the city. The operations were conducted in areas adjacent to GT Road, University... Read more
Nisar wants  judicial probe into custodial death as doctors confirm ‘multiple bruises’
The initial findings of a post-mortem examination of the body of Muttahida Qaumi Movement (MQM) activist  Aftab Ahmed confirmed that between 35 and 40 per cent of his body surface was severely congested due to multiple bruises, Federal Interior Minister Chaudary Nisar Ali Khan earlier today said the Rangers... Read more
Former CIA station chief in Pakistan suspected of being poisoned directly after bin Laden raid
Around two months after the  Osama bin Laden raid in Abbottabad, former CIA top boss  in Pakistan was abruptly pulled out of the country after he became violently ill leading him and the agency to suspect that he had been poisoned by the Inter-Services Intelligence, Washington Postreported. According to... Read more
Court accepts bail plea of ex Senate chairman  Nayyar Bukhari, son
A local court in Islamabad earlier today accepted the  pre-arrest bail plea of former chairman Senate Nayyar Bukhari and his son Jarar Shah in a case registered for thrashing an on duty cop in Islamabad. The court accepted plea against Rs20,000 surety bond each. The court had issued arrest... Read more
India wants heavy fines, jail for people who make maps with the ‘wrong’ borders
Anyone making/distributing a map the Indian government deems to be “wrong” could be liable for a $15 million fine and jail time under a new draft bill published this week. Maps are a very sensitive issue in India, which has long-running border disputes with several of its neighbours, most famously over... Read more
PSX Market watch: KSE-100 Index nears all-time high as bulls rule the roost
The Pakistan Stock Exchange (PSX)’s possible reclassification to the emerging market status was more than enough to make investors swing into action as the benchmark-100 index neared its all-time high earlier yesterday. The strong momentum has carried the KSE-100 Index tantalisingly close to the 36,000-point level with oil, banking and cement... Read more
PM Nawaz Sharif Officially inaugurates Sukkur-Multan motorway
Prime Minister Nawaz Sharif earlier today inaugurated the 393 kilometers Sukkur-Multan motorway in Sukkur. The six-lane motorway will be completed with the financial assistance of China. It is part of the China Pakistan Economic Corridor (CPEC) that is being executed to link Karachi with Peshawar through a network of... Read more