The counsel for the Federal Investigating Agency (FIA) confirmed to a special court in Lahore on Saturday that the agency wanted to arrest Prime Minister Shehbaz Sharif and his son, Punjab Chief Minister Hamza Shehbaz, in a Rs16 billion money laundering case. The court also reissued the arrest warrants for suspects Suleman Shehbaz, Tahir Naqvi and Malik Maqsood in the case.
Popular bus-sharing service Swvl announced on Thursday that it would be “pausing” daily rides within Karachi, Lahore, Islamabad and Faisalabad from Friday (June 3) “in light of the global economic downturn”. The announcement comes as the government has increased the prices of petroleum products by Rs30 per litre in a move aimed at placating the International Monetary Fund (IMF) for an economic bailout.
Moody’s Investors Service – one of the world’s top three credit rating agencies – on Thursday downgraded Pakistan’s outlook from stable to negative. The decision to change the outlook to negative is driven by Pakistan’s heightened external vulnerability risk and uncertainty around the sovereign’s ability to secure additional external financing to meet its needs, the rating agency said in its report.
Finance Minister Miftah Ismail on Thursday announced that the federal government has decided to raise the prices of all petroleum products barring one by another Rs30 — just a week after making a similar increase. After the latest round of hikes, petrol will be priced at Rs209.86, diesel at Rs204.15, kerosene oil at Rs181.94 and light diesel at Rs178.31.
Security agencies picked up a man from the hostel of the Punjab University on Wednesday, purportedly in connection with the Karachi University (KU) suicide blast case. Bebgar Imdad, a student of the seventh semester of English Literature in Numl, Islamabad, and a native of Kech, was visiting his relative in Hostel No 7.
First international flight of the Skardu International Airport will land on May 13, according to the Civil Aviation Authority. It would be a chartered flight, which would come directly from Munich, Germany, while the first international flight would depart from Skardu to Kyrgyzstan on May 16, a CAA notification said on Monday.
Eccentric entrepreneur, random tweeter and Tesla CEO Elon Musk this week bought his favorite social media platform, Twitter, for $44 billion — an amount approximately the equivalent of the gross domestic product of Jordan. Musk’s ambition to “save” Twitter and, as he sees it, free speech, has given hope to some Lebanese people who are asking Musk to now consider buying their country.
Pakistani Martial artist, Rashid Naseem, is on a roll as he breaks two more world records and takes his tally to 77. In his latest stint, Rashid topped India’s Prabhakar Reddi, who removed 68 bottle lids with his head in one minute. He also overcame China’s Xie Desheng with a nunchaku to extract the most (22) playing cards from two balanced bottles.
Four people, including three Chinese nationals, were killed while several others sustained injuries in a car explosion on the premises of the University of Karachi. Several rangers officials have also reportedly sustained injuries. The explosion was initially reported to have been caused by a gas cylinder. However, the police later said that the blast could have been a suicide attack.
The board of Twitter has agreed to a $44bn (£34.5bn) takeover offer from the billionaire Elon Musk. Mr Musk, who made the shock bid less than two weeks ago, said Twitter had “tremendous potential” that he would unlock. He also called for a series of changes from relaxing its content restrictions to eradicating fake accounts.