City Islamabad Financial News

16.08 / 06:57

FIVE country bail Courts Pakistan: Islamabad courts reject 9 bail pleas of Imran Khan

Imran Khan, seeking bail in connection with the First Information Reports (FIRs) registered against him over violent protests, Dawn reported. On Tuesday, the Anti-Terrorism Court (ATC) of Islamabad dismissed three bail petitions and Additional District and Sessions Judge (ADSJ) Mohammad Sohail rejected six petitions seeking pre-arrest bail for Khan.

15.08 / 05:51

UPS Target Art country Inside exclusive Baloch separatists, Islamist extremists stand in the way of China's global ambitions

Islamist extremist groups have severely dented China's efforts to access the rich mineral resources in Pakistan and Afghanistan. These minerals are crucial to fuel China's global ambitions to become a superpower, replacing the US. Baloch separatists view China as a neo-colonial power that is hand in glove with Pakistan's elite, including the army, to exploit the province's rich resources to the exclusion of locals.

14.08 / 18:09

UPS Citi Target Cooper Citizens Action country Friendship with Pak will always remain 'rock-firm', says China as it congratulates caretaker PM Kakar

China on Monday asserted that its «ironclad friendship» with Islamabad will always remain «rock-firm and unbreakable» irrespective of any changes in the international landscape and the domestic situation in Pakistan, as it congratulates Anwarul Haq Kakar on his appointment as caretaker prime minister. Earlier in the day in Islamabad, 52-year-old Kakar, an ethnic Pushtun leader who is considered close to the powerful military, was sworn in as Pakistan's caretaker prime minister to head a neutral political set-up to run the cash-strapped country and conduct the next general elections.

14.08 / 01:29

UPS Citizens Progressive track Pakistan suspends imports of Russian crude on “technical grounds”

Pakistan has suspended import of Russian oil after two consignments on the grounds of “quality of crude”. The Pakistan government has blamed the quality of Russian crude for its decision even as Russian oil continues to top Indian energy imports. Refineries in Pakistan have refused to process Russian oil, as less petrol was being produced from it with 20 per cent more furnace oil compared to the Arabian crude, ET has learnt.

13.08 / 18:43

Citi Citizens Two terrorists killed by Pakistan forces after attack on Chinese convoy in Gwadar

terrorists were killed by Pakistani security forces on Sunday when they attacked a military convoy carrying Chinese workers in the port city of Gwadar in the restive Balochistan province, officials said. Gwadar is one of the focal points of the multi-billion China-Pakistan Economic Corridor with many Chinese workers working at the port.

12.08 / 14:33

Career country Time Pakistan now in the hands of a first-time senator from Baluchistan. All you need to know about Anwaar-ul-haq Kakar

Shehbaz Sharif dissolved the parliament last week as its five-year term came to an end. Usually, such a step is a formality and a general election would typically have to be held within 90 days. Kakar was confirmed by President Arif Alvi as the choice of the outgoing coalition government, led by Shehbaz Sharif, and opposition leader Raja Riaz Ahmad.

09.08 / 17:53

Provident MET FIVE Lawyers ‘Flies during day, insects at night, take me out': Jailed Imran Khan's SOS to lawyers

Tehreek-e-Insaf (PTI) chief said he does not want to remain in a cell that is infested with flies during the day and insects at night, reported India Today. The Pakistan Tehreek-e-Insaf (PTI) party Monday petitioned Islamabad High Court to shift the former prime minister from the Attock jail in Punjab to high-security Adiala prison in Rawalpindi.

09.08 / 15:41

UPS FIVE Fighting Assurant country Pakistan court refuses instant relief to Imran Khan; rejects his request to suspend sentence

Pakistan's jailed former prime minister Imran Khan's bid to get his conviction suspended in a corruption case did not succeed on Wednesday as the Islamabad High Court adjourned the hearing but assured him that his case would be decided in four to five days. Khan, 70, was sentenced to three years in prison by an Islamabad trial court on Saturday in the Toshakhana corruption case in which he is accused of profiting from selling expensive state gifts when he was in power.

09.08 / 09:33

Provident Citizens Waters Indus country Explainer Mint Explainer: 308 Indians held in Pakistan’s prisons. Here’s why

maritime boundaries between the two countries are somewhat blurry, fishermen have been caught in the net of authorities from both India and Pakistan. – This sets in motion a flurry of diplomatic activity where both governments push for the early release and repatriation of those languishing in jails.

09.08 / 00:47

UPS MET Progressive Action awards country Chinese Vice Premier's Pak visit for CPEC anniversary more blitz than substance

Premier He Lifeng's visit to Pakistan last week to commemorate the 10-year anniversary of the China Pakistan Economic Corridor (CPEC) was more of a blitz than substance as the much-hyped corridor is making limited progress on the ground. President Arif Alvi conferred Pakistan’s second-highest civil award, the Hilal-i- Pakistan (Crescent of Pakistan), on the Chinese official but despite the grandeur surrounding He’s visit and the signing of certain bilateral agreements, the outcome ultimately lacked substantial progress, ET has learnt.

08.08 / 17:21

UPS FIVE Parke Pakistan's top election body disqualifies Imran Khan for five years following his conviction in corruption case

Pakistan's top election body on Tuesday disqualified jailed former prime minister Imran Khan for five years following his conviction in a corruption case. An Islamabad trial court on Saturday sentenced 70-year-old Khan to three years in prison in the Toshakhana corruption case in which the embattled former prime minister is accused of profiting from selling expensive state gifts when he was in power.

08.08 / 16:09

Reuters Pakistan News: Imran Khan appeals against conviction in corruption case

Reuters report, Imran’s lawyer, Naeem Panjutha, said the petition, challenging his conviction on charges of selling state gifts unlawfully during his 2018-2022 term as prime minister, had been filed in Islamabad High Court, which will hear the case on Wednesday. The petition described the conviction as “without lawful authority, tainted with bias", and said Khan, 70, had not received an adequate hearing, said the Reuters report.

07.08 / 17:17

Airlines National Pakistan to privatise loss-making national airline

ISLAMABAD (Reuters) — Pakistan plans to privatise its national carrier Pakistan International Airlines, the government said on Monday.

07.08 / 11:13

UPS Citi Aware country social Jail Prison Imran Khan's party moves Islamabad High Court to shift him from Attock jail to Adiala prison; seeks A-class facilities

Khan's party on Monday petitioned the Islamabad High Court to shift the jailed former prime minister from the Attock jail in Punjab province to Rawalpindi's high-security Adiala prison, keeping in view his affluent family background, social and political status. In a petition, the lawyer of the Pakistan Tehreek-e-Insaf (PTI) party requested the Islamabad High Court to transfer the deposed premier where A-class facilities are available, adding that his family, lawyers and his physician Dr Faisal Sultan should be allowed to meet him.

07.08 / 05:41

UPS Citi Mobile show country star Prison end Prison probably isn't the end of the political road for Pakistan's ex-Prime Minister Imran Khan

Imran Khan, Pakistan's popular opposition leader, is now an inmate at a high-security prison after being convicted of corruption and sentenced to three years. It's the most dramatic twist yet in months of political and legal wrangling between Khan and his political rivals since he was toppled in a parliamentary no-confidence vote in April 2022.

07.08 / 04:39

UPS COP show National Pakistan's Ex-PM Imran Khan arrest: PM Shehbaz Sharif set to dissolve Parliament, National assembly on August 9

Also read: Pakistan ex-PM Imran Khan arrested after being sentenced to 3 years jail in Toshakhana case While Pakistan has until mid-November to conduct the election, revising voter lists and redrawing constituencies may cause delays of anywhere between two to six months. This potential delay could favour Sharif's ruling PML-N and allied political groups amid Khan's imprisonment for concealing state gift proceeds as Khan topped opinion polls.

06.08 / 14:59

country cricket Pakistan to send cricket team to this year's World Cup in India

Islamabad on Sunday announced that it would send its cricket team to participate in this year's ICC World Cup, which is being held in India. The decision comes after multiple back and forth between the two countries over visiting the other team's home grounds, with India and Pakistan only playing each other in neutral venues for the past few years.

06.08 / 06:41

Citi Platform Strategy Parke social Imran Khan's party accuses authorities of denying access to him

Imran Khan's Pakistan Tehreek-i-Insaf party on Sunday accused authorities of denying his legal team access to the leader to get his signatures on essential documents for court purposes. Khan, 70, was arrested from his Zaman Park home in Lahore on Saturday shortly after an Islamabad trial court found him guilty of «corrupt practices» in the Toshakhana corruption case and sentenced him to three-year imprisonment. Khan, the chairman of the Pakistan Tehreek-i-Insaf (PTI) party, is lodged in the Attock Jail after being sentenced for concealing the sale of state gifts.

05.08 / 18:47

star social Imran Khan gets barred from elections after guilty verdict

Pakistan's former premier Imran Khan will not be able to contest elections scheduled to be held by November, after he was convicted of hiding the proceeds from selling state gifts when he was in power. The ex-cricket star was swiftly arrested by police on Saturday after a sessions court in Islamabad sentenced him to three years in prison.

05.08 / 15:47

FIVE Parke country Imran Khan's arrest: High-alert in Islamabad, Rawalpindi; 10 PTI workers arrested for protesting

Tehreek-e-Insaf (PTI) chairman was pronounced guilty in a case pertaining to the sale of a range of expensive state gifts when Imran Khan was in power. After the verdict, Imran Khan was arrested from his Zaman Park residence. Imran Khan was also sentenced to three years in jail.

05.08 / 14:03

UPS Twitter Target Parke NOT Arrest 'expected', says Imran Khan; asks supporters 'not to sit silent'

Imran Khan on Saturday in a pre-recorded video said that his arrest was «expected» and asked his supporters «not to sit silent» and stand up for their rights and freedom. The 70-year-old Pakistan Tehreek-e-Insaf (PTI) chairman was arrested from his Zaman Park residence here after the Islamabad trial court convicted him in the Toshakhana case and sentenced him to three-year imprisonment. In a pre-recorded statement on X, formerly known as Twitter, Khan said, «By the time this video message reaches you, I would be arrested and in jail...which is why I have a request...an appeal to all of you...you should not sit at home in silence.

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