City Islamabad, Pakistan Financial News

26.04 / 03:31

Fighting country social travelers International Aborted Pakistan trip leaves Trump with tough choices on Iran talks

Subscribe to enjoy similar stories.ISLAMABAD, Pakistan—President Trump scrapped a trip by U.S. envoys Steve Witkoff and Jared Kushner to Pakistan for talks with Iran, leaving himself tough choices over how to force Iran to make concessions the White House wants to strike a deal.Trump said on Saturday that he had decided to cancel the trip after receiving an offer from Iran that fell short of the White House’s expectations.

23.04 / 02:39

markets COST UPS security War International Air war in Iran gives way to crippling stalemate in Hormuz

Subscribe to enjoy similar stories.ISLAMABAD, Pakistan—The conflict with Iran has entered a damaging new phase—a crippling limbo between war and peace that leaves the Strait of Hormuz closed and the prospect of escalation looming.The missiles and bombs that the U.S. and Israel rained down on Iran and Tehran’s retaliatory salvos might have stopped with President Trump’s indefinite extension of a cease-fire.

06.03 / 13:25

markets Remark Election country audience social Jaishankar says Kashmir dispute would be solved after return of 'stolen part,' Pakistan says baseless remark

Kashmir dispute would be solved after the «return of the stolen part of Kashmir which is under illegal Pakistani occupation,» External Affairs Minister S Jaishankar has said. Jaishankar was speaking at a session at the Chatham House think tank in London on Wednesday, prompting Pakistan on Thursday to reject as «baseless» his remarks regarding Kashmir, while making counter demands to address the issue. Responding to an audience question on «solving» issues in Kashmir, Jaishankar stated, «On Kashmir, actually we have done, I think, a good job solving most of it.» «Removing Article 370 was step number one, restoring growth and economic activity and social justice in Kashmir was step number two, and holding elections with a very high turnout was step number three.

03.12 / 13:17

UPS security economy Bill Trade country Pakistan’s reliance on Chinese-built power plants is strangling its economy

Subscribe to enjoy similar stories. ISLAMABAD, Pakistan—When Muhammad Imtiaz received an electricity bill of over $120 last summer, he panicked. The bill, for June and July, was all he earns in a month of ferrying passengers on his motorbike in the scrappy suburbs outside Pakistan’s capital Islamabad.

16.11 / 11:09

markets Citi Digital Experts International cricket Amid uncertainty over schedule, India's participation, ICC announces global Trophy Tour ahead of Champions Trophy 2025

global Trophy Tour ahead of the Men's Champions Trophy 2025, which is set to be hosted by Pakistan. The global Trophy Tour for the ICC Men's Champions Trophy kicks off in Islamabad, Pakistan today. The announcement comes after the ICC cancelled the trophy tour in the Pakistan-occupied Jammu-Kashmir (PoJK). Notably, the BCCI has strongly objected to the Pakistan Cricket Board's (PCB) plan to hold the Champions Trophy tour in disputed areas of Pakistan-Occupied Kashmir (PoK), specifically Skardu, Hunza, and Muzaffarabad.

16.11 / 11:09

markets Citi Strategy reports travelers cricket ICC begins Trophy Tour for Champions Trophy in Pakistan, POK cities dropped

Champions Trophy tour unveiled by the ICC on Saturday as the world body moved in swiftly to have them dropped from the host country's itinerary following India's strong objection. The Trophy Tour will now comprise Karachi, Rawalpindi and Islamabad, apart from Abbottabad in the Khyber Pakhtunwala Region. The Trophy Tour starts in Islamabad, the capital city of Pakistan, and will travel to other cities of the nation — Taxila and Khanpur (November 17), Abbottabad (November 18), Murree (November 19) and Nathia Gali (November 20) before concluding in Karachi (November 22-25). Most of these cities are tourist attractions, Earlier, on November 14, the PCB had announced the Trophy Tour, which included cities like Skardu, Hunza and Muzaffarabad, which fall in the PoK region, a disputed territory between India and Pakistan.

24.09 / 13:55

Election stars cricket Sporting The sports star and tabloid fixture staring down Pakistan’s army

Subscribe to enjoy similar stories. ISLAMABAD, Pakistan—In August, Pakistani officials approached the party of jailed former Prime Minister Imran Khan with an urgent request: Postpone a rally planned for the following day in the capital, Islamabad, for fear of clashes with another protest. Azam Swati, a former senator in Khan’s party, drove through the night to the jail housing Khan.

23.06 / 11:19

Waves stage reports shock politician cricket Babar Azam advised to claim 'conspiracy letter theory' by Pakistani politician after World Cup exit

T20 World Cup 2024, Abdul Qadir Patel, a lawmaker from the Pakistan People’s Party (PPP), has proposed a suggestion for the national team captain, Babar Azam. The team was knocked out in the group stage for the first time in its history after a crucial match between co-hosts USA and Ireland was abandoned without a ball being bowled. This early exit has ignited intense scrutiny and debate about Babar Azam's future as captain. Pakistan's T20 World Cup campaign began disastrously with a shocking Super Over loss to the USA. This was followed by a six-wicket defeat to arch-rivals India at a packed Nassau County International Cricket Stadium on June 9. These consecutive losses left Pakistan on the brink of elimination. Despite a seven-wicket victory over Canada and a win against Ireland, Pakistan finished third in Group A with four points from four matches, thus failing to advance to the Super Eight stage.

17.01 / 02:11

Target security country consequences Iran strikes terrorist group bases in Pakistan, Islamabad says 2 dead, warns of 'consequences'

Iran launches strikes on 'terrorist' targets in Iraq, Syria amid escalating regional tensions Describing Iran's attack as "unprovoked violation of its airspace", Pakistan said it “vehemently protest the violation of its sovereignty. It is completely unacceptable and it may have serious consequences". “Pakistan has always said terrorism is a common threat to all countries in the region that requires coordinated action.

22.12 / 09:38

stars Pakistan's top court grants bail to ex-PM Imran Khan

Pakistan's Supreme Court on Friday granted bail to former Prime Minister Imran Khan and one of his aides in a case related to an alleged leak of state secrets, his lawyer said. It was not immediately clear if Khan would be released from jail as he has multiple arrest warrants issued against him in several other cases, said Salman Safdar, one of Khan's lawyers.

07.08 / 16:49

Citi Provident Persona Prison Imran Khan, former Pakistan Prime Minister, sent to a distant prison that houses hardened criminals; held in small, dirty cell

Imran Khan's conviction on graft charges has led to a stark and unexpected contrast from his once-glamorous lifestyle. Khan, known for his charismatic persona both on the cricket field and in politics, finds himself detained in a remote and overcrowded prison, highlighting a significant fall from grace. Khan's legal team and political party have raised concerns about the conditions of his detention. After his conviction, Khan was designated for incarceration at Rawalpindi's Adiala jail, but he was subsequently transferred to District Jail Attock, a facility located approximately 80 kilometers (50 miles) west of Islamabad. The move has sparked debate over the appropriateness of his placement in a prison primarily housing hardened criminals, lacking the amenities typically afforded to political prisoners.

22.07 / 08:57

Dash Extreme LGBT film country star audience Pakistan temporarily bans 'Barbie' over pro-LGBTQ+ content

Barbie' has been ruling at theatres across the world, but there is trouble brewing for the film in Pakistan, as Islamabad has taken a ban into consideration due to the film's LGBTQ+ themes. But the answer is not a definitive one because the movie is all the rage right now and something that has the audience's interest, but with many extremists opposing it, Pakistan's Punjab Censor Board has put a temporary ban on it due to what they consider «objectionable content.» According to Daily Pakistan, the ban on the movie will eventually be removed once the «objectionable content» is cut out of the movie.

26.09 / 17:48

Pakistan Finance Minister Who Secured IMF Bailout to Step Down

ISLAMABAD, Pakistan—In the midst of a deepening economic crisis, Pakistan will get a new finance minister after the incumbent lost support from his political party for agreeing to austerity measures in an effort to win a bailout from the International Monetary Fund.

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