ISLAMABAD: An Islamabad court on Saturday convicted a retired army colonel who served as a top executive at Bahria Town, one of the country’s largest property developers, of laundering approximately Rs 1.6 billion, sentencing him to 10 years in prison and ordering the confiscation of assets obtained through the crime.
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Security forces kill 15 militants in Balochistan raids; Waziristan blast leaves two policemen dead
ISLAMABAD: Security forces killed 15 militants in two separate intelligence-based operations in Balochistan on Saturday, the military said, while a bomb blast in South Waziristan killed two policemen and wounded several others the same day.
Iran Can’t Win This War. It Can Make Everyone Else Lose.
The Islamic Republic is not trying to win this war. It is trying to survive it by making everyone else lose. That distinction explains why, even as American and Israeli strikes have shattered its nuclear sites, missile factories and the leadership circle around Ayatollah Ali Khamenei, Iran keeps expanding the fight. Its missiles and drones are no longer aimed only at Israel or American bases; they are hitting oil terminals in Saudi Arabia, Qatar and the United Arab Emirates, probing the Strait of Hormuz and forcing Persian Gulf air defences to burn through interceptors at a rate Tehran knows its enemies cannot sustain forever. The strategy is brutally simple and brutally effective: raise the global price of oil, spike inflation, inflict American casualties and exhaust the patience of a president who has never liked long wars.
Pakistan raises petrol and diesel prices by Rs55 a liter as Iran war halt Hormuz oil shipments
ISLAMABAD: Pakistan increased the price of petrol and high-speed diesel by Rs55 a liter each on Friday, passing on part of the sharp rise in global crude costs triggered by the escalating conflict in the Middle East and the effective closure of the Strait of Hormuz.
One killed and 19 injured in checkpoint blast in North Waziristan
PESHAWAR: At least one person has been killed and 19 others injured, including two security personnel, in a powerful explosion near a checkpoint in Pakistan’s North Waziristan district.
Pakistan end eight-year Hockey World Cup exile with dramatic comeback victory over Japan
KARACHI: Pakistan have qualified for the FIH Hockey World Cup for the first time in eight years after staging a remarkable final-quarter fightback to defeat Japan 4-3 in the semi-final of the qualifying tournament in Egypt.
Pakistan says 527 Afghan Taliban fighters killed since start of ‘Operation Ghazab lil Haq’
ISLAMABAD: Pakistan has reported inflicting heavy losses on Afghan Taliban forces in ongoing “Operation Ghazab lil Haq”, with the information minister said on Friday that 527 fighters had been killed and more than 755 injured since the offensive began.
Sharif tells provinces to act against hoarders and launches real-time fuel monitoring as Hormuz remains blocked by Iran war
ISLAMABAD: Prime Minister Shehbaz Sharif has ordered provincial governments to take immediate legal action against anyone hoarding petroleum products and to shut down any petrol pumps found deliberately creating artificial shortages, as anxiety grows over potential supply disruptions from the escalating the United States-Israel war against Iran.
Pakistan moves toward pandemic-era conservation measures amid fears of oil supply crisis from Iran war
ISLAMABAD: The government has decided in principle to begin revising petroleum prices on a weekly basis from 8 March and to activate sweeping fuel conservation measures, including widespread work-from-home arrangements and distance learning, as the war in the Middle East raises the prospect of serious oil supply disruptions.
SBP poised to stand pat on rates at 10.5 percent as Middle East tensions, oil shock cloud outlook
KARACHI: The State Bank of Pakistan is poised to keep its key policy rate unchanged at 10.5% when it concludes its second monetary-policy review of 2026 on Monday, a Reuters poll of analysts showed, with rising global energy costs and fresh risks from the Middle East constraining any further cuts.