Pakistan

LAHORE: An accountability court on Monday approved the closure of the investigation by the National Accountability Bureau (NAB) in the Chaudhry Sugar Mills case against Punjab Chief Minister Maryam Nawaz and her father, former prime minister Nawaz Sharif. The case pertains to alleged money laundering and income beyond means via “dubious” business transactions of the Chaudhry Sugar Mills, of which Maryam was a major shareholder. Judge Rana Arif announced the decision to close the investigation on a plea filed by NAB-Lahore. Last week, the court sought arguments from the counsel for Maryam and Nawaz on an application submitted by the anti-graft body for the closure of the investigation in the case. Judge Arif observed that the NAB’s move to close the Chaudhry Sugar Mills investigation was in accordance with the law. He further noted that Maryam could also withdraw her surety bond of Rs70 million furnished against post-arrest bail granted to her in the case. Earlier, NAB and the Punjab CM’s lawyers concluded the...

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Iran has asked India to release three tankers seized in February as part of talks ​seeking the safe passage of Indian‑flagged or India‑bound vessels out of the Gulf via the Strait of Hormuz, three sources ‌with knowledge of the matter told Reuters. Indian authorities seized the three Iran‑linked tankers near Indian waters, alleging they had concealed or altered their identities and were involved in illegal ship‑to‑ship transfers at sea. Tehran has also sought supplies of certain medicines and medical equipment, according to one of the sources, an Iranian official. Iran’s ambassador to ​New Delhi met Indian foreign ministry officials on Monday to discuss the issue, the source said. The sources declined to be named ​due to the sensitivity of the matter. India’s foreign ministry, the Iranian embassy in New Delhi, and Iran’s ⁠foreign ministry did not immediately respond to Reuters’ requests for comment. Iran recently allowed two Indian liquefied petroleum gas (LPG) tankers to pass through the ​strait, according t...

Senior Sindh Minister Sharjeel Inam Memon has announced the introduction of a new electric bus route in Karachi, which will begin operating on Tuesday.

External pressures resurface in 8MFY26 as import growth piles pressure on BoP

Over 900,000 Roshan Digital Accounts opened with $12b inflows as govt widens investment base

PIDE report warns 500,000 Pakistani workers may not be able to go to Gulf countries

Committee told 75% shares sold while liabilities shifted to holding company

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Fund refuses to freeze 15% levy or exempt efficient industrial plants despite request

Apparel industry urges CM to reconsider 0.9% infrastructure levy

Investor interest dampened by holiday lull, regional situation and policy uncertainty

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The Foreign Office of Pakistan has reiterated that Pakistan and China maintain a strong and trusted partnership, dismissing speculation surrounding recent diplomatic interactions between the two countries.

Rs100b expansion plan to add 500 beds, build twin towers while preserving 120-year-old heritage

Tens of thousands offer special prayers, hold Quran recitations on 27th night of Ramazan

Assistant programmer's confession leads to superintendent's arrest