12 groups show interest in Fesco

ISLAMABAD: Pakistan’s richer families doing business in energy, textile, automobile and cement have shown interest in acquiring a profitable Faisalabad Electric Supply Company (Fesco) along with four foreign firms, offering another opportunity to the government after a decade to start selling these assets. About 12 groups, eight of them Pakistani well-connected and rich families, have…

Read More

US sanctions Dubai crypto exchange for aiding Iran’s IRGC, following a Reuters report

US Treasury sanctions Aban Tether for processing millions of dollars of transactions for sanctioned Iranian entities Representation of cryptocurrencies are seen in this illustration taken September 10, 2025. — REUTERS The United States on Friday sanctioned an unlicensed multi-state cryptocurrency exchange, alleging it processed millions of dollars of crypto for Iran’s elite Islamic Revolutionary Guard Corps…

Read More

President Zardari, PM Shehbaz hail Makkah defence pact

Say pact strengthens collective deterrence and defence ties, calling it a milestone for regional peace and stability President Asif Ali Zardari and Prime Minister Shehbaz Sharif. Photo: File President Asif Ali Zardari and Prime Minister Shehbaz Sharif on Friday hailed the Makkah Joint Defence Agreement signed by Pakistan, Saudi Arabia and Türkiye, describing it as…

Read More

Pakistan Under-21 lose to South Korea 6-2

ISLAMABAD: Pakistan’s Under-21 hockey team suffered a 6-2 defeat against South Korea’s senior national side in the fourth and final match of a four-match Test series on Friday. Pakistan had already wrapped up the series with victories in the opening three fixtures. The exhibition match, played at the Naseer Bunda Hockey Stadium in Islamabad, featured…

Read More