ISLAMABAD: The International Monetary Fund has raised alarms over Pakistan’s lack of robust internal audits and inadequate oversight from its constitutionally mandated auditor general, warning that these deficiencies expose trillions of rupees in public funds to significant fiduciary risks and potential corruption.
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Bail granted to PTI’s Yasmin Rashid in May 9 riot case, other hearings pending
LAHORE: An anti-terrorism court on Saturday granted post-arrest bail to Dr. Yasmin Rashid, the incarcerated Punjab president of the opposition Pakistan Tehreek-e-Insaf party, in a case stemming from the burning of police vehicles near Mughalpura during the violent riots of May 9, 2023.
Former captain Rashid Latif seeks to end saga over ODI captaincy comments with apology
LAHORE: Former Pakistan Test captain Rashid Latif on Saturday apologised for fiery comments made against the Pakistan Cricket Board’s (PCB) policies, which he termed “an error of judgement”, bringing an end to a saga that had prompted legal action from the board.
Security forces kill eight militants in Bannu intelligence raid
ISLAMABAD: Security forces killed eight militants in an intelligence-based operation in the restive Bannu district of Khyber Pakhtunkhwa Province, the military announced on Saturday, amid a continuing crackdown on Indian-sponsored terrorists.
Pakistan pushes GSP+ trade, maritime security, in Brussels talks with EU
ISLAMABAD: Pakistan and the European Union on Saturday underlined the importance of further deepening trade and investment ties, including through the EU’s GSP+ scheme, as a driver for sustainable growth, export diversification, job creation and mutually beneficial economic opportunity, the Pakistani Foreign Office said.
Five Islamabad High Court judges challenge transfer of appeal to new Federal Constitutional Court
ISLAMABAD: Five judges from the Islamabad High Court filed a petition on Saturday asking the new Federal Constitutional Court to send their appeal back to the Supreme Court, contending that a recent constitutional amendment improperly shifted jurisdiction over the case.
Pakistan lifts six-month gold trade ban, reviving jewellery exports
ISLAMABAD: The government has lifted a six-month ban on gold imports and exports, easing restrictions that had crippled the nation’s jewellery industry and aiming to revive trade in a key cultural and economic asset amid efforts to stabilise foreign reserves.
Army on standby as by-elections open in 13 constituencies after May 9-linked disqualifications
ISLAMABAD: Pakistanis began voting on Sunday in by-elections for six seats in the National Assembly and seven in the Punjab provincial assembly, contests that highlighted the lingering fallout from last year’s political upheavals and tested the ruling coalition’s grip amid accusations of electoral irregularities.
New FCC takes first step, receiving appeal in bitter family inheritance dispute
ISLAMABAD: The newly established Federal Constitutional Court began hearing cases when a litigant handed over an appeal against a Sindh High Court ruling, the first document that marked the court’s debut filing on Friday.
Islamabad calls first meeting of contentious NFC on Dec. 4 as pressure mounts to rewrite fiscal formula
ISLAMABAD: After months of postponements that have underscored the political and fiscal strains gripping the country, the government has called the first meeting of the 11th National Finance Commission for Dec. 4, setting the stage for what could be contentious negotiations over how to divide the nation’s tax revenues between the center and its four provinces.