NAB sells Malik Riaz properties in plea bargain recovery

The National Accountability Bureau (NAB) on Thursday auctioned off one property owned by Malik Riaz, the controversial founder of Bahria Town, and received conditional bids for two others, totalling Rs2.27 billion ($7.94 million), as part of a long-awaited effort to recover “defrauded funds” from a 2019 court-approved plea bargain.

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Nepra cuts power tariffs by Rs1.8881/kWh for next three months

ISLAMABAD: Pakistan’s electricity regulator, the National Electric Power Regulatory Authority (Nepra) on Thursday cut power tariffs by Rs1.8881 per kilowatt hour (kWh) for the next three months, offering relief to consumers of all power distribution companies (Discos), including K-Electric (KE), as they face steep energy bills.

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PTI protests disqualification of lawmakers in National Assembly

ISLAMABAD: The opposition Pakistan Tehreek-e-Insaf (PTI) party of former prime minister Imran Khan staged a heated protest in the National Assembly on Wednesday over the disqualification of over a dozen of its lawmakers by the Election Commission of Pakistan (ECP), following their convictions by anti-terrorism courts in Punjab for cases tied to the May 9 violence.

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