Pakistan Financial News

Indian national was among six people killed in a rare shooting attack by Islamic State militant group near a Shia Muslim mosque in Oman's capital. The shooting on Monday night near the Imam Ali Mosque also claimed the lives of one policeman and four Pakistan nationals, while injuring 28 others. «Following the shooting incident reported in Muscat city on July 15, Foreign Ministry of Sultanate of Oman has informed that one Indian national has lost his life & another is injured,» Embassy of India in Muscat posted on X Tuesday. «Embassy offers its sincere condolences & stands ready to offer all assistance to the families,» it said.

Kyrgyzstan has emerged with the deportation of illegal Pakistani citizens. Central Asia including Kyrgyzstan is not a usual destination for migrants. But the Kyrgyz national security council has recently detected the presence of several illegal migrants in the country and citizens from Pakistan and Bangladesh form the bulk of these illegal migrants. In April-May this year in the run up to the political crisis that also contributed to the aborted coup, the Kyrgyz security services deported 1500 Pakistani and 1000 Bangladeshi citizens staying illegally in the country, ET has learnt. Around 5,000 illegal migrants were detected in the country, alleged sources familiar with the developments.

Jasprit Bumrah is noted not only for his remarkable consistency with the ball throughout formats, but also for his distinct bowling action. He made news for the first time after making his IPL debut, and his unusual action drew notice. Bumrah was sidelined for several months due to a back ailment, raising concerns about whether the top bowler would be able to bowl with the same energy that catapulted him to world-class status. Bumrah rebounded back in style, playing key roles in India's unbroken march to the 2023 ODI World Cup final and, this month, producing a player-of-the-tournament performance to help India win the T20 World Cup. Wasim Akram was overjoyed when a video of a young Pakistani fan successfully copying Jasprit Bumrah's unique bowling movement went viral. Bumrah, one of the world's top pacers, has been an inspiration to many aspiring pacers throughout the world. The little Pakistani boy's impersonation has struck a special chord with fans and cricketing groups worldwide.

Jammu and Kashmir's Doda district today. Criticising the government, the Congress party shared a graphic showing that within just 38 days of the BJP government's third term, nine terrorist attacks have been reported. These attacks resulted in the deaths of 12 soldiers, injuries to 13 others, and casualties among civilians, with 10 deaths and 44 injuries recorded.

anti-terrorism court here on Monday charged top Pakistan Tehreek-e-Insaf leader and former foreign minister Shah Mahmood Qureshi in a case involving the burning down of a police station during the May 9 violence last year. Qureshi, 68, who was brought to Kot Lakhpat jail here from Adiala jail in Rawalpindi under tight security, has several cases related to May 9 violence, including arson, filed against him at the Shadman police station. The court had summoned Qureshi to initiate indictment proceedings against him and ordered the prosecution to present witnesses in the next hearing scheduled for July 22. Qureshi, who was produced before ATC Judge Khalid Arshad, however, denied the charges.

Karachi: The Pakistan Cricket Board wants the BCCI to provide written proof of the Indian government's denial of permission in case the team refuses to come here for next year's Champions Trophy citing a travel ban on security grounds, a PCB source has said. The host Board also wants the matter to be sorted as soon as possible, given that the tournament is scheduled in February-March. While the ICC annual conference will be held in Colombo on July 19 doesn't have any discussion on 'Hybrid Model' about India playing their games in the UAE on its agenda, the global body as usual has earmarked additional fund in case it becomes a two-country tournament. «If the India government declines permission, it has to be in writing and it is mandatory on the BCCI to provide that letter to the ICC now,» the PCB source working closely with organizing committee told PTI.

Imran Khan's Pakistan Tehreek-e-Insaf party for its alleged involvement in anti-state activities, it was announced on Monday. Information Minister Attaullah Tarar announced that the federal government has decided to ban the Pakistan Tehreek-e-Insaf (PTI), alleging that the former ruling party was involved in anti-state activities, The News International reported. Khan, 71, has been lodged at the Adiala Jail in Rawalpindi on account of multiple cases against him. Tarar said that clear evidence was available to impose restrictions on the Pakistan Tehreek-e-Insaf (PTI), and the government would initiate proceedings against the party.

Security agencies in Jammu and Kashmir are grappling with what they call the "hidden threat" of "conservation and consolidation" tactics employed by infiltrating terrorists, which was evident in the recent ambushes and encounters in North Kashmir and Kathua district. Analysing the ambushes and encounters with terrorists, officials in the know of the matter said while security agencies are on high alert, the lack of ground-level intelligence — human intelligence (HUMINT) — hampers operations. Reliance on technical intelligence (TECHINT) has not been fruitful as terrorists use online activity to mislead authorities. Officials feel that there is an urgent need for heightened surveillance to counter foreign terrorists, especially in the Jammu region. The region, previously known for its peaceful atmosphere, has recently seen a surge in terror incidents, particularly in border districts such as Poonch, Rajouri, Doda and Reasi. Attacks on an IAF convoy, a pilgrim bus and the recent killing of soldiers in Kathua highlight the evolving threat.

BCCI on Sunday decided to release funds of Rs 1 crore for the treatment of former India player and coach Anshuman Gaekwad. The 1983 World Cup winning player is suffering from blood cancer and is currently undergoing treatment at King’s Hospital London. «Mr. Jay Shah has instructed the Board of Control for Cricket in India (BCCI) to release Rs 1 crore with immediate effect to provide financial assistance to India's veteran cricketer Mr Anshuman Gaekwad, who is battling cancer,» BCCI apex council said in a statement. The move comes after former captain Kapil Dev appealed for help from the BCCI after the board announced Rs 125 crore in prize money for the T20 World Cup winning team.

India vs Zimbabwe T20 series will be held today at the Harare Sports Club. India has already secured the series with a 3-1 lead. In the fourth match, opener Yashasvi Jaiswal led India to a decisive 10-wicket victory with an impressive 93 runs off 53 balls, ensuring India an unassailable lead in the five-match series. Zimbabwe would be looking to salvage some pride. «We will want to finish the series 3-2,» Zimbabwe's Pakistan-born captain Sikandar Raza said.

Chenab river in Akhnoor, Jammu & Kashmir, last month, has discovered his body in Pakistan. Harash Nagotra, a resident of a border village, went missing on June 11, and his motorcycle was found along the riverbank. Now, his relatives are appealing for Prime Minister Narendra Modi's assistance in repatriating his remains for final rites. «Preliminary investigation suggested that he might have ended his life by jumping into the river after suffering a loss of over Rs 80,000 in an online gaming application,» an official said. Nagotra's family received confirmation of his death through a WhatsApp message from a Pakistani official, after the parents reactivated a SIM card of their son who worked in a private telecommunication company.

Jitendra Singh on Saturday said holding only Pakistan responsible for the recent spike in terror activities in Jammu and Kashmir is not sufficient as he called for self-introspection to end illegal activities, which benefit terrorism in the Union Territory. He said the government is implementing a new strategy, which includes deployment of army in the higher reaches to ensure that peace is restored within one week in Kathua, where five army personnel were killed and an equal number injured in an ambush by the terrorists on July 8. «The recent terror incidents (in Jammu region) carried out by infiltrators from Pakistan is condemnable. But repeatedly saying that Pakistan has done this is not sufficient. We have to ask ourselves and inner-souls what we have done to end social evils which are benefitting terrorism,» the minister of state in the prime minister's office told reporters in Kathua. The minister was in Kathua, part of his Udhampur parliamentary constituency, for a 'Public Darbar' — his first after getting elected for the third term — to meet the public and resolve their issues. Kathua Deputy Commissioner Rakesh Minhas and other officers were also present.

terrorism from Jammu and Kashmir's Poonch district which has witnessed a number of deadly terror attacks over the past two-and-a-half years. Senior Superintendent of Police, Poonch, Yougal Manhas said the Army and security agencies are on high alert to foil Pakistan's design to push terrorists into Jammu and Kashmir. Talking to PTI on the sidelines of a 'public darbar' at Mendhar town of Poonch district, the SSP also sought the cooperation of the civil society in effectively dealing with the drug menace in the district. «Our security grid is in place and there is synergy among all security forces, including intelligence agencies. Together we will succeed in eliminating terrorism from the region once again,» he said.

Khawaja Asif, has confirmed that the country will persist in launching military strikes against Afghanistan to counter terrorism. Speaking to BBC, he emphasized that these operations are a necessary response to attacks on Pakistani security forces and civilians, stating, «We won’t serve them with cake and pastries.» Instead, he said, Pakistan is prepared to retaliate forcefully against any aggression. The aerial strikes, part of a broader military campaign called «Resolve for Stability,» are aimed at militant groups that Pakistan accuses of operating from Afghan soil. Relations between the two countries have deteriorated, with Islamabad accusing Kabul of not doing enough to curb these militant groups, particularly the Pakistani Taliban or TTP, which allegedly have sanctuaries in Afghanistan. Pakistan's government maintains that its military actions are justified and necessary to safeguard its national security. Tensions between Pakistan and Afghanistan have escalated since the Taliban took control of Afghanistan in 2021. Pakistan alleges that despite its repeated requests, the Afghan Taliban has been reluctant to take action against the TTP, which has been using Afghan territory to launch attacks on Pakistan. Asif asserted that Pakistan's strikes are a direct response to these threats, dismissing concerns over the legality of the operations and stating that informing the Taliban of impending attacks would compromise the element of surprise.

The development did little to dim the optimism around the nation’s equities, which are the best performers in Asia in dollar terms after rising over 30% this year on support by the International Monetary Fund. The benchmark KSE-100 index rose as much as 0.7% on Thursday to a fresh record.

Lal Krishna Advani was admitted to Apollo Hospital on Wednesday night, according to the PTI sources. This comes just days after the 96-year-old former deputy prime minister was discharged from the All India Institute of Medical Sciences (AIIMS) following a night-long stay. «Advani is stable and under observation,» a hospital source reported. «He has been admitted under Dr. Vinit Suri, a senior consultant in Neurology.» The source added that he was admitted around 9 pm. Details regarding Advani's ailment were not immediately available. He was undergoing treatment in the department of urology.

State Department Deputy Spokesperson Vedant Patel made the remarks on Monday at his daily news conference in response to a question on US-India relations and the recent conversation between President Joe Biden and Prime Minister Narendra Modi on the sidelines of the recent G7 Summit in Italy. «India is a country in which we are deepening our relations within a number of key spaces, especially as it relates to deepening our economic ties, deepening our security cooperation,» Patel told reporters.

Suryakumar Yadav stayed put on second position in the latest ICC Men's T20I batting rankings, which also features Ruturaj Gaikwad, who made significant progress following his exploits in the ongoing away series against Zimbabwe. Suryakumar is placed second with 821 rating points behind Australia's Travis Head, who has 844 rating points. Phil Salt of England is paced third with 797 points, ahead of Pakistan skipper Babar Azam (755), Mohammad Rizwan (746) and Jos Buttler (716). Gaikwad has gained 13 places to climb to the seventh spot in the rankings on the back of a stellar 77 not out off 47 balls in a comprehensive 100-run win for India in the second T20I against Zimbabwe.

Global Gender Gap Index by the World Economic Forum (WEF), Pakistan finds itself near the bottom of the list, with only Sudan ranked lower among 146 nations surveyed. This marks a further decline from its 142nd position last year, reflecting a worsening situation for women in the country, Dawn reported. Women's rights activists have issued impassioned pleas for both state and societal commitment to address gender disparities effectively. They emphasise the need to redefine the roles prescribed to women by Pakistsociety and the government. The annual index evaluates gender parity across four critical dimensions: economic participation and opportunity, educational attainment, health and survival, and political empowerment. Leading nations in gender parity include Iceland, Finland, Norway, New Zealand, and Sweden, as reported by Dawn.

Pakistan cricket team has come under fire for their unconventional training methods following a disappointing performance at the T20 World Cup. Despite their efforts to innovate in practice, including drills on mattresses, critics and fans remain skeptical about their effectiveness. Viral Video Sparks Controversy A viral video showing Pakistan players performing fielding drills on old mattresses has sparked both amusement and criticism on social media. This unusual training approach has raised questions about the team's professionalism and preparation methods in the wake of their early exit from the T20 World Cup.

Pakistan government has taken steps to regulate the country's wheat market by banning the import of wheat and the export of flour on Friday, according to a notification issued by the Ministry of Commerce, Ary News reported. This decision came after it was determined that the country had imported more wheat than it needed, leading to a surplus. The government has amended its Import and Export Policy Orders 2022 to implement the ban, which also includes a prohibition on exporting flour made from imported wheat, as per Ary News.