Zakir Naik, the fugitive Islamic preacher, continues to receive massive flak for making controversial statements during his ongoing tour of Pakistan with even some of his hardcore followers insisting that Islamabad has made a "big mistake" by inviting him to the country, that too as a 'state guest'.
During the past 20 months, Pakistani businessmen and rich individuals have not only been investing heavily in Dubai’s real estate but also establishing export-import trading houses there, media reported.
While Khan’s loyalists emerged victorious, those who betrayed him received humiliating drubbing despite having the support of the powerful circles in the country, The Express Tribune reported.
At least 11 people died while several others were injured in a stampede inside the premises of a factory at the Naurus intersection in Karachi's SITE area on Friday, the latest incident in which people lost their lives while seeking free edibles, media reports said.
At least three attackers were killed and 10 people wounded on Friday night when a group of terrorists opened fire at the headquarters of Karachi police in south Sindh province, officials said.
At least two terrorists were killed during an ongoing exchange of fire in and outside the office of the Karachi police chief as militants stormed the building located on Sharea Faisal, media reports said citing Sindh Inspector-General Ghulam Nabi Memon.
Loose milk, which has been increased to Pak Rs 210 from Pak Rs 190 per litre by some shopkeepers and live broiler chicken which has seen an increase of Rs 30-40 per kg in the last two days, taking the cost to Rs 480-500 per kilogram, Dawn reported.
Pakistans foreign exchange reserves held by the central bank decreased by 5.5 per cent or $170 million to $2.91 billion in the week ending February 3, the State Bank of Pakistan said on Thursday, deepening the economic woes of the crisis-stricken country, media reports said.
The locals tortured the two men before burning them alive, rescue sources said. The two men died on the spot and their bodies were shifted to a nearby hospital, they added, The News reported.
The Pakistani rupee on Friday plunged to a historic low against the US dollar after Prime Minister Shehbaz Sharif said that the International Monetary Fund (IMF) is giving Pakistan "a tough time" - as the lender wants the government to do more on the economic front, local media reported.
The Pakistani rupee resumed its downwards slide on Thursday after two modest sessions as the "optimism surrounding the government and IMF talks scaled back", local media reported.
The Pakistani currency maintained a freefall for a second consecutive day, plunging by a fresh 4.78 per cent (or Rs 12.87) to a new all-time low of Rs 268.30 against the US dollar on Friday, media reports said.
Following the rupee's devaluation in the open and interbank markets, the benchmark index of the Pakistan Stock Exchange (PSX) rallied and gained by more than 1,000 points, as per media reports.
Pakistans central bank forex reserves have plunged to their lowest level since February 2014 after a decline of 22.11 per cent, posing a serious challenge for the country in financing imports, local media reported.
