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Residents claim “building mafia” is responsible for circulating rumours about property in an attempt to seize it In Lyari’s Naya Abad Liaquat Colony, cracks appeared in a residential building, Baba Arcade, immediately after the earthquake, prompting residents to evacuate and gather in open spaces for safety, according to Edhi officials. A 5.2-magnitude earthquake was recorded … Read more
Dhammika Ranatunga, then chairman of the state-owned Ceylon Petroleum Corporation, was arrested on Monday COLOMBO: Authorities in Sri Lanka plan to arrest World Cup-winning cricket captain Arjuna Ranatunga on corruption charges relating to his time as petroleum minister, a court was told Monday. Ranatunga and his brother are accused of changing the procedure for awarding … Read more
[ KCCI, KATI, SAI say high borrowing costs threaten competitiveness, jobs and investment a stock broker uses his phone while monitoring share prices during a trading session at the Pakistan Stock Exchange. PHOTO: INP KARACHI: Despite the State Bank of Pakistan (SBP) cutting the policy rate by 50 basis points, contrary to market expectations, the … Read more
He said the people in the house were relatively new to the area and largely kept to themselves.
[ Officials link price cuts to planning changes, updated engineering regulations, Rs150b annual savings likely ISLAMABAD: Owing to consistent efforts and timely actions by the Power Division to promote transparency and competition, the prices of smart meters for power distribution companies have been reduced by up to 40%. “This reduction will result in estimated annual … Read more
.. ISLAMABAD: Pakistan strongly condemned the attack on United Nations peacekeepers in Kadugli, Sudan, in which six Bangladeshi personnel serving under the UN Interim Security Force for Abyei (UNISFA) were killed and several others were injured. In a statement, the Foreign Office (FO) expressed deep sorrow over the incident and conveyed Pakistan’s solidarity with the … Read more
Police say father and son targeted Jewish festival in Australia’s deadliest shooting in nearly 30 years Australian police said on Tuesday that Sajid Akram, one of the two men accused of attacking a Hanukkah event at Sydney’s Bondi Beach, had travelled to the Philippines on an Indian passport, while the second suspect, Naveed Akram, travelled … Read more
[ ISLAMABAD: Deciding a long-standing cartel case involving the Pakistan Poultry Association, the Competition Appellate Tribunal has upheld the order of the Competition Commission of Pakistan (CCP) and disposed of the appeal filed by the association. The tribunal, however, reduced the penalty from Rs50 million to Rs25 million, citing a judgment of the Supreme Court … Read more
[ KARACHI: The Pakistan Stock Exchange (PSX) opened the week on Monday with renewed optimism and rose to a record high above 170k, reflecting the extension of bullish momentum from the previous week. Investors remained somewhat upbeat ahead of the monetary policy announcement later in the day, when the central bank unexpectedly cut its policy … Read more
It remains unclear what the two men did there last month.