City Karachi Financial News

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.

e suicide bombing incident that took place in Pakistan's port city of Karachi, said police, adding that the attacker detonated his explosive-laden vest near a van carrying the workers. Local police chief Arshad Awan said said the vehicle was heading to an industrial area where five Japanese nationals worked at Pakistan Suzuki Motors, The Associated Press reported. Police escorting the Japanese returned fire after coming under attack, killing an accomplice of the suicide bomber whose remains were found from the scene of the attack.

BJP leader LK Advani. President Murmu paid a visit to senior BJP leader LK Advani's residence and conferred him with the prestigious award. This was decided in view of the ailing health of the veteran BJP leader Advani.

Imad Wasim found himself embroiled in controversy following his stellar performance in the Pakistan Super League (PSL) final against Multan Sultans at Karachi's National Bank Stadium. Despite his instrumental role in Islamabad United's triumphant third PSL title win, securing a five-wicket haul to restrict Multan Sultans to 159/9 and contributing an unbeaten 19 runs during the successful run chase, Imad Wasim attracted attention for the wrong reasons. Shortly after his remarkable display on the field, videos circulated widely on social media capturing Imad Wasim smoking in the team's dressing room during the match's 18th over. This incident stirred up controversy, overshadowing his exceptional on-field performance. Despite the smoking incident, Wasim was recognized as the Player of the Match for his remarkable all-round contributions, aiding Islamabad United's victory in the PSL final, marking their first final victory since 2018. On the flip side, Multan Sultans, appearing in their fourth consecutive final, ended as runners-up for the third consecutive season. Despite clinching the championship title in the 2021 edition, they finished as runners-up in the subsequent two editions, with Lahore Qalandars securing back-to-back titles.

KARACHI (Reuters) — Pakistan's central bank on Monday held its key interest rate at 22% for the sixth straight policy meeting as inflation risks continued to loom.

Pakistan on Sunday protested India's «unjustified seizure» of commercial goods destined for Karachi, saying the consignment was a «simple case» of import of a commercial lathe machine by a commercial entity which supplies parts to the automobile industry in this country. The comments by the Foreign Office came after security agencies at Mumbai's Nhava Sheva port intercepted and seized the consignment of a Karachi-bound ship from China after it was found carrying a dual-use consignment with implications for Pakistan's nuclear and ballistic missile programmes. Customs officials, acting on intelligence, halted the Malta-flagged merchant ship — CMA CGM Attila — en route to Karachi on January 23 and, during its inspection, found that the consignment had a Computer Numerical Control (CNC) machine, manufactured by an Italian company, known for its precision and efficiency controlled by a computer system.

Security agencies at Mumbai's Nhava Sheva port intercepted and seized the consignment of a Karachi-bound ship from China after it was found carrying a dual-use consignment with implications for Pakistan's nuclear and ballistic missile programmes, officials said on Saturday. Customs officials, acting on intelligence, halted the Malta-flagged merchant ship — CMA CGM Attila — en route to Karachi on January 23 and, during its inspection, found that the consignment had a Computer Numerical Control (CNC) machine, manufactured by an Italian company, known for its precision and efficiency controlled by a computer system. A Defence Research and Development Organisation (DRDO) team examined the consignment and confirmed its potential usage in Pakistan's nuclear initiatives, notably in manufacturing crucial components for missile development, the officials said.

PTI, the report, released by the Aircraft Investigation Board (AIB), detailed the reasons behind the Airbus 320's failure to land safely at Karachi airport, resulting in its crash into a residential area adjacent to the airport. The primary cause of the fatal crash, resulting in the loss of 101 lives, including 99 passengers, was attributed by the board to the pilots' lack of appropriate judgment during landing. Additionally, numerous homes in the vicinity and parked vehicles were wrecked and harmed in the incident.

Pakistan's election commission on Sunday declared the final result of Thursday's general elections in which independent candidates backed by jailed former prime minister Imran Khan's party got the biggest piece of the cake by winning 101 seats. The unusual delay in the announcement of results vitiated the atmosphere as several parties cried foul play and some resorted to protests. The Election Commission of Pakistan (ECP) has announced the results of 264 out of 265 contested seats.

By Ariba Shahid

By Ariba Shahid

confirmed his third marriage to renowned actor Sana Javed. This event took place in Karachi, concluding much speculation about his potential separation from Indian tennis sensation Sania Mirza. This news has generated a buzz in the media landscape of Pakistan, with various outlets covering different aspects of this unfolding story.

(This story originally appeared in on Jan 16, 2024)

Israeli strikes have hit Gaza City and soldiers are battling militants in southern Gaza after the U.S. said it was time to scale back operations

Ratnagiri, originally owned by Amina Bi, the mother of fugitive terrorist Dawood Ibrahim. As per a report by the Times of India, the lawyer secured the plots through an auction for a total sum exceeding ₹2 crore. Interestingly, the remaining two plots under Amina Bi's name did not attract any bidders.

HT Auto, only 4,875 cars were sold in November 2023. In the same period last year, 15,432 cars were sold in Pakistan, the data mentioned. The decline in car sales in Pakistan is because of a range of factors, including car prices.

ARY News. The shortage has caused serious concern among patients and citizens as the life-saving drugs are now being at higher prices in the black market. Last month, the Drug Regulatory Authority also launched a crackdown against an artificial shortage of essential medicines.

Karachi, is currently facing a severe shortage of essential medicines, including life-saving drugs, which has worried patients and citizens in the city, as reported by ARY News. ARY News is a Pakistan news channel.

Rajasthan Bandh today: Markets shut, protests erupt over Karni Sena chief Sukhdev Singh Gogamedi's murder In the video, Acharya told police officials to shut all non-veg stalls on the streets. Speaking to an officer, Acharya on a phone call said, “All the non-veg stalls on the streets should vanish with immediate effect. I will take a report from you in the evening.

SpiceJet flight SG-15 made an emergency landing here around 9.30 pm on Tuesday and a passenger was given medical assistance. "The Boeing 737 aircraft was going from Ahmedabad to Dubai when a 27-year old passenger, Dharwal Darmesh, suffered a suspected heart attack and needed medical attention," a spokesperson of the Civil Aviation Authority (CAA) said here.

Chhatrapati Shivaji Maharaj at Rajkot Fort in Maharashtra's Sindhudurg district on Monday. Prime Minister Narendra Modi also attended the Navy Day 2023 celebrations in Sindhudurg and inspected the Guard of Honour at Rajkot Fort in Sindhudurg district. Navy Day is celebrated on December 4 every year. The Indian Navy will display its operational prowess and capabilities through an 'Operational Demonstration' covering a spectrum of naval operations by ships and aircraft at the iconic Sindhudurg Fort on the western seaboard of India on December 4. 20 warships and 40 aircraft, including the MiG 29K, LCA Navy and MARCOS, will be major attractions on Navy Day. The event, hosted by Admiral R. Hari Kumar, Chief of the Naval Staff, will be witnessed from the Tarkarli beach by senior Centre and State government officials, military dignitaries and the local populace.