KARACHI: The Sindh High Court on Monday restrained the JS Group from acquiring majority shares of BankIslami till next hearing. A single-judge bench headed by Justice Mohammad Shafi Siddiqui also issued notices to JS Bank, Jahangir Siddiqui & Company Ltd, State Bank of Pakistan, BankIslami and other defendants for a date to be fixed in two weeks. The AKD Investment …

KARACHI: Ghandhara Nissan Ltd (GNL), the assembler of Dongfeng and JAC vehicles, on Monday announced production suspension from March 6-10 due to a shortage of parts. In a stock filing, the company also informed that from March 13 it would start production activities on an alternative weekly basis until further notice. The company said its vendors continued to face major …

KARACHI: Following Pakistan’s exit from the Financial Action Task Force’s (FATF) grey list, a global body of banking supervisory authorities has acknowledged the progress made by the country in the overall regulation of the financial affairs slightly lowering the risk score of the country. However, experts believe that the recently-released Basel AML [anti-money laundering] Index briefing on Pakistan would hardly benefit the …

A former UK policeman jailed for life for murder was sentenced to an additional 19 months in prison on Monday for indecent exposure, raising questions about whether he could have been stopped sooner. Wayne Couzens, 50, is already serving a rare whole-life sentence for the kidnap, rape and murder of London woman Sarah Everard after he snatched her off the …

ANKARA: Turkiye’s bickering opposition leaders ended months of fierce debate on Monday and agreed to name the head of the main secular party as their joint candidate against President Recep Tayyip Erdogan in May 14 polls. A last-ditch deal aimed at averting a split of the opposition vote will see CHP chief Kemal Kilicdaroglu name the other five opposition leaders …

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Monday rubber-stamped the government decision of imposing Rs3.82 per unit surcharge on electricity consumers across the country for four months with retrospective effect from March 1 and then continue it at a reduced rate of Rs1.43 per unit throughout the next fiscal year. The additional surcharges have been imposed on the …

KARACHI: The Federal Shariat Court on Monday dismissed a petition challenging the Sindh Child Marriages Restraint Act of 2013, saying that the law was not against the injunctions of Islam. It observed that the legislature’s move to fix a minimum age for marriage was in accordance with injunctions of Islam as laid down in the Holy Quran and Sunnah. The …

ISLAMABAD: The Election Commission of Pakistan (ECP) will seek appointment of District Retu­rning Officers (DROs) and Retu­rning Officers (ROs) drawn from judiciary for the general election to Punjab and Khyber Pakhtunkhwa (KP) assemblies, a senior official of the ECP. The decision to write to high courts of the two provinces comes in light of the Supreme Court’s judgement in polls …

SAN FRANCISCO: Twitter on Monday suffered a major outage with users worldwide reporting they could no longer read links to articles from outside websites. “Some parts of Twitter may not be working as expected right now,” the company’s tech support account said in a tweet, blaming the problem on “unintended consequences” from an update to the platform. The breakdown, which …

KABUL: Afghan universities reopened on Monday after a winter break, but only men returned to class with a “heartbreaking” ban by the Taliban authorities on women in higher education still in force. The university ban is one of several restrictions imposed on women since the Taliban stormed back to power in August 2021 and has sparked global outrage — inclu­ding …