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Adiala Jail, Imran’s counsel in Vakalatnama row

Adiala Superintendent alleges that Barrister Salman Safdar had attempted to mislead the court regarding the matter ISLAMABAD: The counsel for former prime minister Imran Khan and his wife, Bushra Bibi, and the Adiala Jail authorities on Monday made conflicting claims regarding the signing and provision of powers of attorney (PoAs) required to represent the couple…

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PSX ends lower after volatile session

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a volatile trading session on Monday, with the benchmark KSE-100 index swinging between gains and losses before ending the day in the red, as investors booked profits after an early rally inspired by positive regional market sentiment. Taking cues from a broad-based advance across Asian equities, the market…

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SC reopens teacher back-benefits case

ISLAMABAD: The Supreme Court has set aside a Khyber-Pakhtunkhwa Service Tribunal judgment and directed authorities to reconsider the case of a reinstated school teacher for grant of back benefits under Fundamental Rule (FR) 54. The court held that an employee honourably acquitted of criminal charges is entitled to full pay and service benefits for the…

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Oil industry protests Rs104b pricing loss

ISLAMABAD: The petroleum minister has called an emergency meeting on Tuesday following an oil industry protest over a unilateral change in the pricing formula that led to Rs104 billion in losses. The Oil Companies Advisory Council (OCAC) approached the minister to hold an urgent meeting over the formula, which resulted in a substantial financial hit…

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NA sees heated budget debate

Opposition raises rights, governance concerns as government defends security record ISLAMABAD: A heated exchange between the government and opposition marked proceedings in the National Assembly on Monday during debate on the Interior Ministry’s budget and cut motions, as lawmakers sparred over human rights, security operations and political accountability in a charged sitting in Islamabad. The…

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Oil falls almost 4% after US-Iran talks

HOUSTON: Oil prices fell nearly 4% on Monday, as supply concerns eased after US Vice President JD Vance said progress has been made in talks with Iran and the Strait of Hormuz was open. Brent crude was down $3.11 or 3.86%, at $77.46 a barrel by 1757 GMT. In early trading, prices had climbed to…

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