ISLAMABAD: Pakistan’s anti-corruption agency, the National Accountability Bureau (NAB), has imposed a 15-day freeze on 457 properties nationwide, including those owned by property tycoon Malik Riaz’s son, Ahmed Ali Riaz, and his company, Bahria Town Pvt Ltd, as part of a sweeping investigation into the alleged illegal seizure of government land in Karachi, officials confirmed Saturday.
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Pakistan rejects India’s claim it sought ceasefire after tense military standoff
ISLAMABAD: Pakistan has dismissed Indian assertions that its Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar had requested a ceasefire after a tense 87-hour military standoff between the nuclear-armed neighbor last month.
Govt cuts income tax rate to 1pc for salaried workers earning up to Rs1.2 million
ISLAMABAD: The government has cut income taxes for salaried workers, lowering the rate for those earning up to Rs1.2 million annually from 5% to 1%, Finance Minister Muhammad Aurangzeb told the Senate session on Saturday.
Another child’s paralysis signals Pakistan’s uphill battle against polio
ISLAMABAD: A 33-month-old boy from Pakistan’s volatile northwest has been paralysed by polio, marking the country’s 12th case this year and intensifying fears that a disease nearly wiped out globally is regaining ground.
Pakistan to lift used car import curbs under IMF bailout deal
ISLAMABAD: Pakistan will lift restrictions on commercial imports of used vehicles up to five years old starting in September, Finance Minister Muhammad Aurangzeb told a parliamentary committee on Friday.
Pakistan nominates Trump for Nobel Peace Prize for role in India standoff
ISLAMABAD: Pakistan has put forward US President Donald Trump as a candidate for the 2026 Nobel Peace Prize, citing his diplomatic efforts to defuse a recent flare-up with India that risked plunging the nuclear-armed neighbours into war.
Sharif presses Rubio for diplomacy to ease Iran-Israel tensions
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday urged a diplomatic push to ease the intensifying military clash between Iran and Israel during a Friday phone call with U.S. Secretary of State Marco Rubio, as airstrikes and missile volleys threaten to ignite a broader Middle East war.
Pakistan secures Rs1.275 trillion Islamic finance deal to tackle power sector debt
ISLAMABAD: Pakistan has clinched a Rs1.275 trillion ($4.6 billion) Islamic finance facility from 18 commercial banks to confront its power sector’s ballooning debt, a pivotal step to shore up the economy and align with its $7 billion International Monetary Fund program, Power Minister Awais Leghari said Friday.
Army chief calls for stronger US ties amid global tensions
ISLAMABAD: Pakistan’s military leader, Field Marshal Asim Munir, pressed for a deeper partnership with the United States during a high-profile visit to Washington this week, pitching expanded cooperation on security, economic growth, and regional stability amid escalating global tensions.
Pakistan to import 750,000T of sugar after export surge fuels price spike
ISLAMABAD: Pakistan is set to import 750,000 metric tonnes of sugar following a massive export push that drained domestic supplies and sent prices soaring to all-time highs.