City Islamabad Financial News
30.05 / 18:31
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Indian mother-son duo duped by human traffickers, freed by Pakistan after one-year jail ordeal
PTI.ALSO READ:‘It was our fault…': Pakistan violated peace agreement with India in 1999, says former Pak PM Nawaz SharifWahida is a resident of Nagaon district in Assam and was arrested in 2023 along with her son while illegally entering Pakistan from Afghanistan via the Chaman border.She told the authorities in Pakistan that an Indian travel agent had deceived her, due to which she reached Pakistan. "After the death of my husband in 2022, I decided to take my son to Canada.
30.05 / 00:59
Food
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Nearly 3 out of 10 children in Afghanistan face crisis or emergency level of hunger in 2024
About 6.5 million children in Afghanistan are forecast to experience crisis levels of hunger in 2024
24.05 / 06:25
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International
IMF, Pakistan make significant progress on new loan, IMF mission says
International Monetary Fund (IMF) mission and Pakistan have made significant progress towards reaching a staff-level agreement for an extended fund facility, the global lender said on Friday. The IMF has opened discussions with Pakistan on a new loan programme after Islamabad last month completed a short-term $3 billion programme, which helped stave off a sovereign debt default.
22.05 / 07:01
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Turkish Airlines resumes flights to Afghanistan nearly 3 years after the Taliban captured Kabul
Afghanistan's Taliban have confirmed the resumption of Turkish Airlines flights to Kabul’s international airport
19.05 / 20:07
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Pakistan bid to defuse Kyrgyzstan crisis faces trust issues
Pakistan over violence against foreign students in Bishkek reveals a sentiment of mistrust that is thwarting Islamabad's efforts to improve ties with the Central Asian nation by playing the religion card. The Kyrgyz government has not only lodged protests with Pakistani authorities but also issued a statement blaming the Pakistani media for spreading rumours.
15.05 / 13:17
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Pakistan HC grants bail to Imran Khan in 190 million pounds corruption case
High Court in Pakistan on Wednesday granted bail to Imran Khan in the 190 million pounds corruption case, in which the jailed former prime minister and his wife are accused of receiving land worth billions of rupees as a bribe from a real estate tycoon. A two-member bench of the Islamabad High Court had reserved the verdict on Tuesday after the completion of arguments. On Wednesday, the court asked Khan to submit a surety bond of Rs 1 million in order to secure bail. However, the order will not result in the ex-premier's release from Adiala jail since his sentences in the Iddat and cypher cases are yet to be suspended.
14.05 / 01:05
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A police officer was killed in Pakistan-held Kashmir during protests against price hikes
A protest against rising costs of food, fuel and utility bills has turned violent in Pakistani-controlled portion of Kashmir, leaving a police officer dead and dozens of people injured
11.05 / 18:51
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Violent protests rock Pakistan-occupied Kashmir over heavy taxation, two killed in police firing
ALSO READ: Pakistan: PIA flight departs with parents, as six-year-old son's body lies at Islamabad airport Several videos emerged where policemen were seen firing AK-47s in the air and even towards the crowds. On Friday, the Jammu Kashmir Joint Awami Action Committee (JKJAAC) had called for a shutter-down and wheel-jam strike in Muzaffarabad, following which the police, reported The Dawn, adding demonstrators pelted stones at the police.
11.05 / 15:37
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IMF urges Pakistan to bring reforms to energy sector
IMF) has urged Pakistan to bring «strong cost-side reforms» to restore the viability of the country's energy sector, reported ARY News. The global lender, in its staff report for the second and final review under the USD 3 billion stand-by arrangement, said that Pakistan should be able to meet its fiscal year 2023-24 circular debt management plan (CDMP) target of Rs 2.3 trillion with zero net zero stock accumulation.
11.05 / 13:09
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Pakistan International Airlines staff forgets to put boy's body on aircraft: Report
negligence, Pakistan International Airlines staff left behind at the airport here the body of a six-year-old boy which was to be sent to Pakistan-occupied Gilgit Baltistan on a flight on which his parents travelled, a media report said on Saturday. The deceased was receiving treatment at a hospital in Rawalpindi for a tumour when he passed away on Thursday, the Dawn newspaper reported. His body was to be transported on Friday through a PIA flight to his native village of Katshi in the Pakistan-occupied Gilgit Baltistan region for burial.
11.05 / 12:11
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Pakistan: PIA flight departs with parents, as six-year-old son's body lies at Islamabad airport
Mujtaba--a resident of Kharmang district's Katshi village-- was diagnosed with a brain tumour at a hospital in Skardu, and doctors referred him to Benazir Bhutto Hospital in Rawalpindi for treatment a month ago. However, Mujtaba died on Thursday.
11.05 / 08:59
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Pakistan's CubeSat sends first images of Sun and Moon from lunar orbit
Chang'e-6 mission, has achieved a major milestone by sending back its first images of the sun and moon from lunar orbit. The images were unveiled during a ceremony at the China National Space Agency (CNSA) to celebrate the successful mission, as reported by The Times of India. CubeSat's Successful Mission
05.05 / 05:53
Remark
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rowing
'No need to capture PoK; its people will themselves want to join India': Rajnath Singh
'Don't read too much into it…': Rajnath Singh on PM's 'mangalsutra' remark "We will not have to use force to take PoK as people would say that we must be merged with India. Such demands are now coming," he said. The defence minister asserted that "PoK was, is, and will remain ours".
02.05 / 12:57
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India says Shaksgam Valley is ‘our’ territory amid China's construction activity reports: ‘Pakistan illegally…’
Shaksgam Valley to be our territory. We have never accepted the so-called China-Pakistan boundary agreement of 1963 through which Pakistan unlawfully attempted to cede the area to China." Randhir Jaiswal added. Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said on Thursday that the Shaksgam valley is a part of India and New Delhi never accepted the so-called China-Pakistan boundary pact of 1963 through which Islamabad "unlawfully" attempted to cede the area to Beijing.
02.05 / 12:15
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India lodges protest with China over its infra development in Shaksgam valley
India has lodged a strong protest with China for carrying out construction activities in the Shaksgam valley, in an «illegal» attempt to alter the situation on the ground. Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said on Thursday that the Shaksgam valley is a part of India and New Delhi never accepted the so-called China-Pakistan boundary pact of 1963 through which Islamabad «unlawfully» attempted to cede the area to Beijing. «We have consistently conveyed our rejection of the same. We have registered our protest with the Chinese side against illegal attempts to alter facts on the ground,» Jaiswal said at his weekly media briefing. «We further reserve the right to take necessary measures to safeguard our interests,» he said.
30.04 / 16:29
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IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan
The IMF says it will immediately release the final $1.1 billion tranche of a $3 billion bailout to Pakistan
30.04 / 03:05
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Inside
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IMF approves final USD 1.1 bn tranche for Pakistan's bailout package
Pakistan to stave off a sovereign default, particularly as the existing arrangement is set to expire this month. Following discussions in Washington, the IMF Executive Board approved Pakistan's request for the release of funds. Insiders suggest that Pakistan can expect to receive the loan disbursement promptly, likely as soon as tomorrow (Tuesday), following the IMF's authorisation, as reported by ARY News.
23.04 / 12:15
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Pakistan: CM of restive Khyber Pakhtunkhwa province advocates talks with militants to ensure peace!
Opposite to Pakistan’s national government approach of not holding “meaningful dialogue” with the banned Pakistani Taliban, Chief Minister Ali Amin Gandapur of the restive Khyber Pakhtunkhwa province has called for negotiations with the terrorist group to maintain lasting peace in the restive area.
23.04 / 07:59
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Pakistan: Imran Khan writes letter to Chief Justice Isa demanding punishment for subverters of constitution
Pakistan Prime Minister Imran Khan wrote a letter to Chief Justice of Pakistan (CJP) Qazi Faez Isa on Saturday, demanding punishment for those who have subverted the Constitution in matters related to allegations by six Islamabad High Court (IHC) judges about interference in judicial affairs by the country's intelligence apparatus, Pakistan-based Dawn reported. The development comes after six Islamabad High Court judges made allegations against interference in judicial affairs by Pakistan's intelligence apparatus.
21.04 / 07:27
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‘My wife poisoned with toilet cleaner, suffers heartburn', alleges Imran Khan
Imran Khan has alleged that his wife, Bushra Bibi, was given food mixed with “toilet cleaner," reported Pakistan-based The Express Tribune. At a recent hearing for a corruption case involving £190 million, held in Adiala Jail in Rawalpindi, Imran Khan informed the court that toilet cleaner had been mixed into Bushra Bibi's food, causing her health to deteriorate with daily stomach irritation.
18.04 / 06:45
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‘If anything happens to my wife, I'll..’, Imran Khan alleges Pak Army Chief's direct involvement in wife's imprisonment
Bushra Bibi. PTI reported that Bushra Bibi, 49, was convicted in a corruption case as well as in the case of illegal marriage with Khan, 71, and is currently held in detention at their Bani Gala residence in the suburbs of Islamabad. Imran Khan in a conversation with journalists at Adiala Jail where he is currently incarcerated hurled allegations against the army chief, according to a long post uploaded on Khan's official X account.
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