Thursday, October 11th, 2018
Court orders seizure of property of Shehbaz’s son-in-law
LAHORE: (DNA) – The accountability court on Thursday ordered to seize property owned by Imran Ali Yousuf, son-in-law of former chief minister Punjab Shehbaz Sharif. The court ordered the National Accountability Bureau to seize property of Ali in a corruption case. Imran Ali is accused of receiving Rs 131 million graft from Ikram Naveed, the former CEO of the Punjab Power Development Company (PPDC), and is the subject of a NAB probe. The NAB submitted its probe report before the accountability court judge Muhammad Azam. On August 7, the sameRead More
Pakistan formally request IMF for financial assistance
NUSA DUA (DNA) – IMF chief Christine Lagarde met with Pakistani delegation headed by Finance Minister Asad Umer on Thursday and said a team would visit Islamabad for talks on a possible bailout of its shaky economy. Pakistan Finance Minister Asad Umar, who is attending the Fund’s annual meeting in Bali, announced earlier this week that the government would seek talks with the IMF on a “stabilisation recovery programme”. Lagarde earlier Thursday said the IMF had yet to receive anything formal from Islamabad but that she would meet with theRead More
Storekeepers join truckers’ strike as Iran unrest grows
JEDDAH: (DNA) – Store operators in bazaars across Iran have joined a strike by truck drivers as civil unrest grows in the face of a collapsing economy. The protest by merchants began in the city of Shiraz and spread rapidly to more than 50 cities in 21 provinces. Photos posted online by opposition activists showed shops with their shutters pulled down during normal working hours in Karaj, 50 km west of Tehran. Stores were also closed in Tabriz, Isfahan, Ardabil and the southern city of Qeshm. The merchants are protestingRead More
Trump says South Korea will not lift North Korea sanctions without U.S. approval
SEOUL/WASHINGTON (DNA) – U.S. President Donald Trump said on Wednesday South Korea will not lift sanctions on Pyongyang without U.S. approval, after the South Korean foreign minister softened earlier comments that some of its unilateral sanctions were under review. Trump’s rejection of South Korea easing sanctions alone outlines the official position of the United States and South Korea that the two countries remain in lockstep on North Korea. He has encouraged U.S. allies to maintain sanctions on North Korea until it denuclearizes as part of his administration’s “maximum pressure” campaignRead More
Naya Pakistan Housing Project will improve economy, says PM Imran
ISLAMABAD (DNA) – Prime Minister (PM) Imran Khan on Thursday has expressed confidence that Naya Pakistan Housing Authority project would bring about significant improvement in the economy of the country. He made these remarks during meeting of the Federal Cabinet in Islamabad. PM said the project would be undertaken through one window operation. Imran Khan said Pakistan’s debt burden has increased from just six thousand billion rupees to thirty thousand billion rupees during the last ten years. He said the country has to obtain more loans to pay back installmentsRead More
COAS General Bajwa reaches London on official visit
LONDON (DNA) – Chief of Army Staff (COAS) General Qamar Javed Bajwa has arrived in London on an official visit (Thursday). According to Inter-Services Public Relations (ISPR), the army chief will hold meetings with civil and military leadership. During the meetings, matters related to regional security will be discussed.