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Found 8986 news

  • KSE-100 ends lower after early rally loses steam
    Dawn - 09:07 Mar 11, 2026
    Pakistan’s benchmark KSE-100 index closed in the red on Wednesday, shedding 318.65 points, or 0.2 per cent, to settle at 155,858.47 points compared with its previous close of 156,177.12 points. The index began the session on a strong note, staging a sharp rebound during early trading. By 10:55am, the index had climbed more than 2,000 points as investor sentiment improved following the previous day’s rally. However, the momentum gradually faded through the day, and by 1pm the index had largely erased its gains, reflecting cautious trading activity. Overall, the session remained volatile, with the benchmark fluctuating between an intraday high of 158,624.51 points and a low of 155,652.35 points. Trading activity was led by The Bank of Punjab, which rose 2.53pc to Rs27.97 on a volume of 37,706,784 shares. It was followed by K-Electric Limited, which fell 3.10pc to Rs7.49 with 37,690,039 shares traded, and Cnergyico PK Limited, which edged up 2.02pc to Rs7.06 on a volume of 27,351,074 shares. The earlier rally ca...
    Tags: KSE-100
  • IHC fines NAB Rs100,000 for employing ‘delaying tactics’ in £190m graft case against Imran, Bushra
    Dawn - 08:29 Mar 11, 2026
    ISLAMABAD: The Islamabad High Court (IHC) on Wednesday imposed a fine of Rs100,000 on the National Accountability Bureau (NAB) for employing “delaying tactics” in the £190 million Al-Qadir Trust corruption case against former premier Imran Khan and his spouse Bushra Bibi. The development came as a division bench comprising IHC Chief Justice Sardar Muhammad Sarfraz Dogar and Justice Muhammad Asif presided over the hearing on pleas filed by the couple seeking the suspension of their sentences and appeals against their convictions. Prior to the hearing, the anti-graft watchdog, in a sharp legal response submitted to the court, had raised a preliminary jurisdictional objection, arguing that the appellants’ application under Section 426 of the Criminal Procedure Code (CrPC) was premature. The bureau contended that the appeals filed by Imran and Bushra had not yet been formally admitted for regular hearing by the high court. Citing legal precedents, it maintained that the phrase “pending appeal” in Section 426 of t...
  • 5 injured in grenade attack on house in Balochistan’s Pasni: police
    Dawn - 07:16 Mar 11, 2026
    GWADAR: Five labourers from Sindh were injured in a grenade attack on a house in the coastal town of Pasni late Tuesday night, police said. Unknown people riding motorbikes hurled a grenade at a residential quarter in Ward No. 9, resulting in an explosion in the house’s courtyard, according to police reports. As a result, five people said to be from Sindh were injured while a portion of the quarter was damaged. Police rushed to the site soon after the blast and shifted the injured to the district hospital. “The condition of one injured is serious, while others are stable despite receiving multiple injuries,” a police official said. They all belonged to Larkana and Qambar Shahdadkot, and were staying in Gwadar to work as labourers. Police are investigating the incident. No one has claimed responsibility for the grenade attack as yet. There has been a rise in militancy in Balochistan and Khyber Pakhtunkhwa in the past year. However, there was a decline in militant attacks following the launch of retaliatory “Op...
  • ICC rejects bias claims over travel delays after West Indies, South Africa teams stranded in India
    Dawn - 06:37 Mar 11, 2026
    The International Cricket Council (ICC) on Wednesday rejected suggestions of unequal treatment after the West Indies and South Africa squads were stranded in India for more than a week following the T20 World Cup. Airlines have cancelled or rerouted flights because of the war in the Middle East, throwing international travel into chaos. Cricket West Indies said on Tuesday its squad had waited nine days for a charter flight that was “repeatedly delayed”, calling the uncertainty “increasingly distressing”. Former England captain Michael Vaughan also criticised the situation, noting on social media that England departed 36 hours after their semi-final exit last week while the West Indies and South Africa remained in Kolkata more than a week after being knocked out of the tournament. The ICC said it “rejects any suggestion that these decisions have been driven by anything other than safety, feasibility and welfare”. “We understand that players, coaches, support staff and their families who have completed their IC...
  • Trump touts US oil refinery deal with India’s energy giant Reliance Industries
    Dawn - 05:53 Mar 11, 2026
    US President Donald Trump on Tuesday said Indian energy giant Reliance Industries was backing a deal to build the first new major oil refinery in the United States in half a century. Trump made the announcement via his Truth Social platform, saying the company America First Refining would construct the new facility at the Port of Brownsville, Texas. “This is a historic $300 billion dollar deal — the biggest in US history,” Trump wrote, framing the project as a cornerstone of his energy agenda, but offering no details on the plan. “Thank you to our partners in India, and their largest privately held Energy Company, Reliance, for this tremendous Investment,” he said, without specifying the company’s commitment. Reliance is India’s biggest privately held conglomerate and its Jamnagar refinery is the world’s largest. The America First Refining website says the company is a project of Element Fuels, which first announced plans in 2024 to build a Brownsville refinery at a cost of between $3-$4bn. The facility would...
  • Islamabad advocate general asked to facilitate Aitzaz Ahsan’s power of attorney for Imran
    Dawn - 04:24 Mar 11, 2026
    • Petition before IHC relates to appeal against conviction in Toshakhana case • Latif Khosa asked to assist the court with relevant jail rules at the next hearing ISLAMABAD: The Islamabad High Court on Tuesday directed the Advocate General Islamabad to facilitate the signing of the power of attorney of senior lawyer Barrister Aitzaz Ahsan by the founder of PTI, Imran Khan, through the superintendent of Adiala jail. A division bench comprising Justice Arbab Muhammad Tahir and Justice Khadim Hussain Soomro also directed senior counsel Latif Khosa to come prepared with the relevant jail rules at the next hearing. The court issued the directions during the hearing of a miscellaneous application seeking the transfer of the PTI founder to a hospital for treatment in connection with the ap­­p­e­­al agai­nst his conviction on the Election Com­mission of Pakistan’s compliant for concealing Tosha­khana gifts in his assets declaration. During the proceedings, Barrister Aitzaz Ahsan, Latif Khosa and other lawyers appeare...
  • US military spending on Iran conflict hits billions
    Dawn - 04:11 Mar 11, 2026
    WASHINGTON: The US military’s operations against Iran have already cost billions of dollars, with munitions expenditure reaching $5.6 billion to $6bn in just the opening days of the conflict, multiple news outlets reported. According to reports, these estimates were shared with Congress on Monday, though the Pentagon declined to comment publicly on the figures. The New York Times reported that Pentagon officials informed lawmakers that the first week of operations cost roughly $6bn, with around $4bn spent on munitions and missile interceptors. CBS News noted that the $5.6bn figure covers only the first 48 hours of the conflict, while The Washington Post confirmed a similar cost for the same period. The Hill also verified that the Pentagon had provided these figures to congressional members. Reuters, citing US administration sources, reported $5.6bn in munitions costs during the initial days of the conflict. Analysts warn that total operational costs could exceed $10bn within 10 days, driven by high-intensity ...
    Tags: Iran
  • Iran vows to keep Hormuz strait blocked as long as war continues
    Dawn - 02:38 Mar 11, 2026
     TEHRAN: Rescuers work in the rubble of a residential building after air strikes in the Resalat area.—Reuters TEHRAN: Rescuers work in the rubble of a residential building after air strikes in the Resalat area.—Reuters • Energy secretary claims US Navy escorted ship through ‘troubled waters’, later deletes X post • Araghchi shoots down Trump’s signal for talks, says will fight as long as necessary • Israel says ‘not done with offensive’ yet; Hegseth claims unleashing ‘most intense strikes’ yet • US ‘unhappy’ with Israeli strikes on Iranian oil facilities • Pakistan continues diplomatic efforts; slams invasion of Lebanon TEHRAN / WASHINGTON: The US continued to put out more mixed signals on Tuesday, as US President Donald Trump told Fox News that it was possible he would be willing to talk with Tehran, while his Pentagon chief vowed to ramp up strikes against Iran, promising “the most intense day of strikes” yet. Iran’s forces, however, vowed to fight on, declaring that not one litre of oil would be exported from the Gulf while its war with the United States and Israel continues. The vow came as the US energy secretar...
    Tags: Iran
  • 4 fuel-laden ships reach Pakistan amid concerns about shortages, 3 yet to berth
    Dawn - 19:17 Mar 10, 2026
    ISLAMABAD: Three ships carrying petrol have arrived in Pakistan while one has already discharged its diesel cargo to replenish the fuel stocks in the country amid global shortages, it emerged on Tuesday. The berthing for three ships that are yet to discharge their cargoes is scheduled for the coming days this week. According to a statement issued by the Port Qasim Authority (PQA), a marine tanker, Torm Damini, reached Pakistan on March 8 and has offloaded 37,000 tonnes of diesel. Meanwhile, another tanker, Nave Atropos, carrying 50,000 tonnes of petrol, has reached Port Qasim and is scheduled to berth on Wednesday, the statement said. The process is expected to take around 30 hours. Another tanker, Spruce 2, carrying 55,000 tonnes of petrol, is expected to berth on Thursday. A fourth ship, Sea Clipper, carrying 34,000 tonnes of petrol, will berth on March 13 or 14, the statement said. It added that another vessel, bringing petrol for the state-owned Pakistan State Oil, is expected to arrive after March 16. LP...
    Tags: Pakistan
  • In letter to Mojtaba Khamenei, PM Shehbaz reaffirms commitment to continue to work ‘closely’ with Iran
    Dawn - 19:01 Mar 10, 2026
    In a letter to Iran’s new Supreme Leader Mojtaba Khamenei on Tuesday, Prime Minister Shehbaz Sharif reaffirmed Pakistan’s commitment to continue to work “closely” with the Islamic republic, a statement by the Prime Minister’s Office (PMO) said. A day earlier, Iran’s Assembly of Experts named Mojtaba Khamenei as the new supreme leader to succeed his father, Ayatollah Ali Khamenei, who was assassinated in US-Israeli coordinated strikes on Iran days ago. The PMO statement said that the premier congratulated Mojtaba on his appointment as the supreme leader and voiced optimism that he would lead his country towards “peace, stability, and prosperity”. He also offered “condolences on the martyrdom of his revered father, the Supreme Leader of the Islamic Republic of Iran, Ayatollah Seyyed Ali Khamenei”. PM Shehbaz noted that the martyrdom of the former supreme leader had “deeply saddened the people of Pakistan, who stand in solidarity with the leadership and people of Iran during this difficult time”. He expressed fa...
  • FO calls on international community to take ‘urgent’ action to end Israeli aggression in Lebanon
    Dawn - 18:53 Mar 10, 2026
    Pakistan on Tuesday called upon the international community to take “urgent” action against Israeli military aggression in Lebanon, the Foreign Office (FO) said. Lebanon was dragged into the US-Israeli war on Iran this month when Lebanese group Hezbollah launched rockets and drones into Israel, which responded with heavy bombardment across the country. A total of 486 people have been killed in the war so far and 1,313 injured, of which 259 are children, according to the World Health Organisation. In a statement, the FO condemned “Israel’s continued military aggression against Lebanon,” which it said has resulted in the “death of hundreds of civilians and the displacement of nearly half a million people”. FO maintained that Israeli actions were in “contravention of international law” and were “undermining the efforts of the government of Lebanon to ensure peace and stability in the country”. It held that Israel’s recent actions “have the potential to further exacerbate the ongoing security and humanitarian cri...
  • 5 children injured in quadcopter attack in KP’s Lakki Marwat: officials
    Dawn - 18:40 Mar 10, 2026
    LAKKI MARWAT: Five children were injured in a quadcopter attack in the Takhtikhel area of Khyber Pakhtunkhwa’s Lakki Marwat district on Tuesday, officials said. Police Sub-Inspector (SI) Akhto Jan told Dawn that the attack, which took place in the limits of the Shaheed Asmatullah Khan Khattak police station, was believed to have been carried out by terrorists. “Explosives dropped from the quadcopter injured five minors,” he said, adding that two of the injured boys were taken to a hospital in Bannu in view of their “serious condition”. Separately, Rescue 1122 official Shadab Khan told Dawn that the three injured girls were taken to the tehsil headquarters hospital in Serai Naurang town. SI Jan said that a police contingent reached the site of the incident and launched a search to locate the perpetrators. He said police were combing the area to search for the suspected terrorists. Today’s attack comes around a month after eight minor boys were injured in a quadcopter strike in Lakki Marwat’s Takhti area. A pol...
  • India’s Arshdeep fined for throwing ball at New Zealand’s Mitchell in T20 World Cup final
    Dawn - 18:08 Mar 10, 2026
    India fast bowler Arshdeep Singh was fined by the International Cricket Council (ICC) on Tuesday after an incident during the Twenty20 World Cup final when he hurled the ball at New Zealand batsman Daryl Mitchell. In the 11th over of New Zealand’s chase on Sunday, Mitchell played the ball to Arshdeep and the bowler threw it straight back at him, hitting the New Zealand batter on the pads. Mitchell was livid and advanced on Arshdeep, who turned around and walked back without apologising, forcing the umpire to step in. India captain Suryakumar Yadav then came over and apologised. The ICC said Arshdeep breached the ICC Code of Conduct for “throwing a ball (or any other item of cricket equipment) at or near a player in an inappropriate and/or dangerous manner”, handing him a fine of 15 per cent of his match fee. Arshdeep, who apologised to Mitchell at the end of the over and again after the match, accepted the sanction. India beat New Zealand by 96 runs to become the first side to lift the men’s T20 World Cup for...
  • T20 World Cup: West Indies players leave India on commercial flights after charter cancelled
    Dawn - 17:45 Mar 10, 2026
    West Indies players are leaving India on commercial flights in batches after their departure was delayed due to international airspace closures amid ongoing conflict in the Middle East, the Caribbean side’s governing body CWI said on Tuesday. Indian media reported that a charter flight for the West Indies and South Africa Twenty20 World Cup teams scheduled to fly to Johannesburg before continuing on to Antigua was cancelled earlier on Tuesday. Some players and staff have departed and others are scheduled to leave on different flights on Tuesday and Wednesday, CWI said in a statement. West Indies were eliminated from the tournament’s Super Eight stage on March 1, but remained in India as their charter flight organised by the International Cricket Council (ICC) was repeatedly delayed. “As is customary for both men’s and women’s ICC World Cups, all travel and accommodation arrangements for participating teams are coordinated and managed by the ICC,” CWI said. “Ongoing uncertainty surrounding the ICC-organised ch...
  • Courts join others in adopting austerity measures, will observe 4-day work week
    Dawn - 17:28 Mar 10, 2026
    ISLAMABAD: The country’s courts will be observing four-day work weeks while litigants and counsels will be encouraged to participate in proceedings through video-link facilities, where feasible, as part of austerity measures amid the fuel crisis resulting from the Middle East conflict. To this effect, a notification issued by the Supreme Court of Pakistan stated: “In view of likely disruption in the supply of petroleum products resulting in escalating energy costs, it is imperative to adopt prudent and responsible measures to conserve resources. “Accordingly, following austerity and fuel conservation measures, as far as possible, shall be adopted in the Supreme Court of Pakistan with immediate effect until further notice.” The measures outlined in the notification included four-day work weeks, from Monday to Thursday. “The court shall observe holidays from Friday to Sunday,” the notification said. It further stated that the monthly ceiling of Petroleum, Oil and Lubricants (POL) allocated to judges and entitle...
  • Bahrain authorities arrest 6 Asians, including 5 Pakistanis, for allegedly filming, sharing videos of Iran’s attacks
    Dawn - 17:23 Mar 10, 2026
    Bahrain’s interior ministry has said that the country’s Anti-Cyber Crime Directorate arrested six Asians, including five Pakistanis, after they “filmed, published and reposted videos related to the effects of the treacherous Iranian aggression”. This was shared in a statement on the police media centre’s website on Monday. The statement also alleged that the suspects expressed “sympathy with and glorified those hostile acts in a manner that harms security and public order”. It added that the videos in question were circulated through the suspects’ social media accounts, “contributing to misleading public opinion and spreading fear among citizens and residents”. “Legal procedures have been taken, and the suspects have been referred to the public prosecution,” the statement added. According to the information available on the website, apart from five Pakistanis, a Bangladeshi has also been arrested for the alleged offence. It said the interior ministry “also urged everyone to obtain information from official so...
  • War Diary Day 11: Shift in strategies as war slows, costs rise
    Dawn - 14:47 Mar 10, 2026
    On the eleventh day of the war, the conflict in the Middle East is shifting into a phase of sustained attrition — one in which Iran appears determined to exploit endurance, lower operational costs and employ a network of proxies to offset the technological and financial advantages of the United States and Israel. Though the kinetic activity across the main theatre has remained comparatively limited during the past 24 hours, the effects of the operations continue to be strategically significant. Until now, Iran’s striking of Israel’s Haifa refinery complex a couple of days ago with Shahed-136 drones, in retaliation for Israeli attacks on oil depots around Tehran, remains the most consequential single event shaping current Israeli strategic calculus. Firefighting crews have now reportedly contained roughly 95 per cent of the blaze at Haifa, but several primary storage tanks have suffered structural damage and operations at the facility are expected to remain suspended for at least two weeks. On the other side o...
  • ‘Faster, cheaper, better’: 480MHz sold for $507m as 5G spectrum auction concludes
    Dawn - 14:35 Mar 10, 2026
    The government completed its 5G spectrum auction in Islamabad on Tuesday, with 480 megahertz sold for $507 million at the end of the third round of bidding. The three bidders — Zong, Jazz and Ufone — competed heavily at 2600 megahertz for the key frequency band needed for the 5G service. Zong acquired 110MHz, Ufone 180MHz and Jazz 190MHz during the auction. Pakistan offered 700 MHz for $32.5m, 1800 MHz for $16.8m, 2100 MHz for $70m, 2300 MHz for $10m, 2600 MHz for $12.50m and 3500 MHz for $6.5m per lot. The bidding process was launched in the presence of Finance Minister Muhammad Aurangzeb, Information Minister Attaullah Tarrar, former IT minister Syed Aminul Haque, and the chairperson of the National Assembly Standing Committee on IT and Telecom, along with some members of the committee. All three telecom companies were required to acquire at least 100 MHz. Among the telcos, Jazz purchased the most spectrum, not only in 5G-compatible bands but also in the frequencies used for long-distance telephone services...
  • NA body informed mass evacuation from Middle East not required
    Dawn - 13:07 Mar 10, 2026
    ISLAMABAD: Senior officials of the Ministry of Foreign Affairs (MoFA) on Tuesday assured the National Assembly Standing Committee on Overseas Pakistanis that there was no situation requiring a mass evacuation of Pakistani nationals from the Middle East. The head of the MoFA’s Crisis Management Cell gave a detailed briefing to the NA committee about the number of Pakistanis stranded in various Middle Eastern countries due to the ongoing conflict and about the efforts being made to repatriate them. In the meeting, presided over by PPP MNA Syed Agha Rafiullah, the committee members expressed their serious concerns over the manifold increase in airline fares, particularly by Pakistan International Airlines (PIA). The ministry official informed the committee that Pakistanis were facing fuel shortages and transport problems in various countries, adding that the absence of public transport had created further difficulties for them. “Gulf missions reported large registered populations but comparatively manageable eva...
  • Official sources dismiss reports of Pakistan sending delegation to Kabul for talks with Afghan Taliban
    Dawn - 13:04 Mar 10, 2026
    Official sources dismissed on Tuesday reports that a three-member delegation sent by the government was holding talks with the Afghan Taliban in Kabul amid border tensions. The sources noted that “Afghan propaganda accounts” had been making such claims on social media. Afghanistan-based Tolo News also reported the same, citing an anonymous source. But, official sources in Pakistan said there was no truth to these reports and Pakistan had not sent any such delegation to Kabul. The sources asserted that Pakistan’s position was very clear that the Afghan Taliban would have to stop facilitating Fitna-al-Khawarij and take decisive action against them. There would be no talks with the Afghan Taliban until then, Pakistan would continue actions against the hideouts of Fitna-al-Khawarij in Afghanistan, the sources said. Fitna-al-Khawarij is a term that the state uses for the banned Tehreek-i-Taliban Pakistan (TTP). The reports of alleged talks and the subsequent dismissal by the official sources have come against the ...

8986 items