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Democrat accused of corruption resigns from House

. WASHINGTON: Democratic US Representative Sheila Cherfilus-McCormick resigned on Tuesday, minutes before a congressional committee was set to hold a hearing on her punishment for ethics violations. Her departure immediately expands Republicans’ narrow majority to 217-213 with an independent who caucuses with Republicans and four vacancies. In a social media post announcing her resignation, Cherfilus-McCormick…

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Peru election chief resigns as vote count drags on

. LIMA: The head of Peru’s electoral authority, Piero Corvetto, resigned on Tuesday as pressure grows over the long-delayed results from the country’s April 12 general election. Corvetto, who shared his resignation letter on X, had previously acknowledged logistical delays to the electoral process, but denied that any irregularities took place. In his letter, Corvetto…

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IMF to vet auto policy before cabinet

Global lender pushes for tariff cut to 6% by 2030, end of protection for assemblers ISLAMABAD: The International Monetary Fund (IMF) will vet the new auto policy before it is approved by Pakistan’s federal cabinet, as the global lender pushes to open the sector for foreign players by lowering net weighted average tariffs to single…

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Boat building cost surges amid fuel price hike

KARACHI: A sharp rise in fuel prices has significantly increased the cost of boat building in coastal areas of Karachi, including Ibrahim Hyderi, placing additional financial strain on the community. According to local boat makers, the cost of constructing a standard fishing launch has jumped from Rs500,000 to Rs700,000, while the cost of medium-sized boats…

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EU says no support among members for proposals to suspend Association Agreement with Israel

Speaking at a news conference following a Foreign Affairs Council meeting in Luxembourg, Kaja Kallas said some member states proposed a full or partial suspension of the agreement. PHOTO: ANADOLU There was no support for proposals to suspend the EU-Israel Association Agreement completely or partially, the bloc’s foreign policy chief confirmed on Tuesday. Speaking at…

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FIR lodged over Rs6.6bn fraud involving benami accounts

Benami accounts used in massive tax evasion scam; bank officials, company directors named in FIR The Federal Investigation Agency has registered a first information report (FIR) against multiple individuals, including company directors and bank officials, over an alleged fraud involving more than Rs6.6 billion. According to the FIR, the accused allegedly opened benami bank accounts…

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