Bulls dominated the trading floor of the Pakistan Stock Exchange (PSX) on Friday as shares gained over 900 points, which analysts attributed to the International Monetary Fund (IMF) signaling its readiness to engage with the new government. According to the PSX website, the KSE-100 index closed at 62,815.81 points, up 901.47 pr 1.46 per cent from the previous close of …

WASHINGTON: US President Joe Biden met the wife and daughter of Alexei Navalny, the Russian opposition leader who died last week, on Thursday “to express his heartfelt condolences”, the White House said. During the meeting in California, Biden expressed his admiration for Navalny’s “extraordinary courage and his legacy of fighting against corruption and for a free and democratic Russia in …

ISLAMABAD: PTI founding chairman Imran Khan will write to the IMF urging it to call for an independent audit of the Feb 8 general elections before it continues talks with Islamabad, PTI leader Senator Ali Zafar disclosed on Thursday. The PTI has also decided to hold intra-party elections on March 3, with over six million party members allowed to cast their votes …

ISLAMABAD: The Federal Government Employees Housing Authority (FGEHA) has detected a massive financial embezzlement in its Park Road Housing Scheme allegedly due to forged payments against the work never carried out. According to sources, the contractor allegedly in connivance with the project director and others withdrew the mobilisation advance of Rs719 million on a fake bank guarantee, while there is …

ISLAMABAD: The Jamiat Ulema-i-Islam-Fazl held a workers’ convention in the federal capital on Thursday, terming it the beginning of a countrywide protest movement against alleged rigging in the elections. Addressing the ‘Islam­abad general council’ of the JUI-F, party chief Maulana Fazlur Rehman said the nation witnessed the worst rigging in the country’s history on Feb 8. He alleged that the 2024 polls …

LAHORE: Incarcerated PTI President Chaudhry Parvez Elahi on Thursday accused Caretaker Chief Minister Mohsin Naqvi of robbing the people of their mandate in the Feb 8 election, predicting an accountability of his alleged crimes soon. “Mohsin Naqvi and his police are the real culprits behind stealing the mandate of the citizens,” Mr Elahi said in a brief conversation with the …

ISLAMABAD: The Supreme Court on Thursday ordered the Capital Development Authority (CDA) to return the information centres on Trail 5 and Trail 6 and the animal sanctuary in the foothills of the Margalla Hills to Islamabad Wildlife Management Board (IWMB). Headed by Chief Justice of Pakistan (CJP) Qazi Faez Isa, a three member bench of the apex court took up …

ISLAMABAD: The Pakistan Bar Council (PBC) on Thursday regretted that crucial tenure-based assignments in different courts and tribunals were being repeatedly allocated to retired judges of the High Courts and District and Sessions Judges. This practice warrants immediate attention and resolution, said a statement issued by Vice Chairman (PBC) Riazat Ali Sahar and Chairman, Executive Committee, Farooq Hamid Naek, acknowledging the invaluable …

ISLAMABAD: Days after dropping a bombshell by confessing that he played a role in rigging the elections to make the losers win in Rawalpindi Division, former commissioner of Rawalpindi, Liaquat Ali Chattha on Thursday supposedly backtracked on his allegations. In a letter to the Election Commission of Pakistan (ECP) secretary, a copy of which was seen by Dawn, Mr Chattha said last week’s …

ISLAMABAD: As expec­ted, the Election Commission of Pakistan (ECP) failed to meet the legal deadline for uploading key result-related documents on its website on Thursday. Moreover, it seems unlikely that the process will be completed any time soon, with a senior ECP official claiming that uploading over 90,000 Forms 45s on its website would be a time-consuming exercise. However, the …