Pakistan

Two injured in Karachi court blast

KARACHI: In a bizarre incident, two people suffered minor wounds on Monday after a detonator presented in a local court as evidence exploded in Karachi, SAMAA reported. The blast took place in Anti-Terrorism Court No 3. According to our correspondent, the bomb was brought to the court by the police …

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SBP keeps benchmark interest rate at 6%

KARACHI: In line with analysts’ expectation, the Monetary Policy Committee of the State Bank of Pakistan (SBP) decided on Saturday to keep the policy rate unchanged at 6% for the next two months. One of the major reasons for the central bank to maintain the benchmark interest rate is a rising …

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Top Pakistani politicians, tycoons in Panama papers

The Panama Papers released by the International Consortium of Investigative Journalists this Sunday unleashed a hailstorm of criticism in Pakistan, after it revealed a network of secret offshore accounts held by the rich and powerful. More than 200 Pakistanis have been named in this list. Among the documents leaked from …

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Safraz Merchant records statement before FIA

ISLAMABAD  – Safraz Merchant on Monday recorded his statement before Federal Investigation Agency (FIA) in Islamabad against Muttahida Qaumi Movement (MQM) in money laundering case. Safraz Merchant also handed over proofs of MQM chief involvement inmoney laundering and his connections with Indian intelligence agency RAW. He also handed over all …

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