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FCC shuts door on re-litigation

ISLAMABAD: Rejecting a review petition against the Registrar Office’s objections, the Federal Constitutional Court (FCC) has ruled that the Constitution does not envisage perpetual litigation, as judicial discipline demands that there must be a terminus to adjudication. A division bench of the FCC issued the seven-page judgment, authored by FCC Chief Justice Aminuddin Khan, on a review petition against a Supreme Court order that had upheld the Registrar Office’s objections to a plea filed under Article 184(3) of the Constitution. The court held that the petition appears to be an…

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Pakistan treads cautious path on Gulf conflict

ISLAMABAD: The federal government on Wednesday told political and parliamentary leaders that Pakistan will avoid getting directly embroiled in the ongoing Iran and US-Israel conflict, while pursuing diplomatic efforts aimed at de-escalation. The assurance came during a closed-door briefing organised for the heads of political parties and parliamentary leaders at the Prime Minister’s House. Chaired by Prime Minister Shehbaz Sharif, the briefing was attended by representatives of the PPP, MQM-P, JUI-F, BAP, and others. Key attendees included PPP Chairman Bilawal-Bhutto Zardari, JUI-F chief Maulana Fazlur Rehman, Deputy Prime Minister and…

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Fuel saving plan unveiled as Iran war chokes supplies

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday formally announced to introduce energy conservation measures to deal with disruption in import of fuels, as the government considers closing higher education institutions and weekly setting fuel prices to deal with the evolving situation. However, the finance minister said that the country has sufficient stocks of fuels for this month in addition to 10 days equal crude oil reserves, emphasizing there was no cause of immediate concern. “We are introducing energy conservation measures to curtail demand but there would not be any rationing…

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ECP summons Naqvi over Islamabad LG polls delay, sets March 12 deadline for Punjab maps

ISLAMABAD: The Election Commission of Pakistan on Thursday summoned Interior Minister Mohsin Naqvi over delays in holding local government elections in Islamabad, while issuing a contempt notice to the interior secretary for failing to appear before the commission. A five-member bench headed by Chief Election Commissioner (CEC) Sikandar Sultan Raja heard the case. Islamabad Chief Commissioner Ali Randhawa appeared before the commission, but the interior secretary did not attend the hearing. “Where is the interior secretary?” the CEC asked during the proceedings, directing that the interior minister be summoned in…

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IHC directs filing of new application in Toshkhana-II case

ISLAMABAD: The Islamabad High Court on Thursday instructed the legal team of Pakistan Tehreek-e-Insaf founder and former Prime Minister Imran Khan and his wife Bushra Bibi to file a new miscellaneous application to resolve outstanding office objections in their appeals against the Toshakhana-II convictions. On December 20, a special court sentenced Imran Khan and Bushra Bibi to 17 years in prison each in the Toshakhana-II case, which states the couple unlawfully retained a Bulgari jewellery set gifted by the Saudi Crown Prince during an official visit to Saudi Arabia. During the hearing, Justice…

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Oil extends gains as dollar, global stocks fall on Iran conflict

Oil prices extended gains while the dollar and equities tumbled on Tuesday as investors kept tabs on the Middle East where the United States and Israel continued to bombard Iran, while Tehran launched further strikes on its neighbours. The attacks on the Islamic state have upended regional energy flows, with the crucial Strait of Hormuz— through which about a fifth of global oil transits — effectively closed off. The war has also fuelled fears of a fresh energy crisis that could ramp up inflation. Market moves have been comparatively mild amid hopes…

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KSE-100 rebounds 5,159 points after selloff

KARACHI: A day after witnessing a massive selloff, buying momentum returned to the Pakistan Stock Exchange (PSX) on Tuesday, bringing relative calm to the market. The benchmark KSE-100 Index surged more than 5,100 points during intra-day trading. The index touched an intraday high of 158,217.01 and a low of 151,258.85 before settling at 157,132.09, up 5,159.10 points, or 3.39%. The strong recovery followed Monday’s bloodbath, as investors re-entered the market amid improved sentiment and value buying at attractive levels. Buying activity was observed across key sectors, including cement, commercial banks,…

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IMF cuts Pakistan visit short

ISLAMABAD: The International Monetary Fund (IMF) decided on Monday to prematurely end its visit to Pakistan due to heightened security conditions and will now hold virtual discussions from Türkiye to reach a staff-level agreement for the $1.2 billion worth next loan tranches. The mission left Pakistan soon after holding its first face-to-face meeting with Finance Minister Muhammad Aurangzeb on Monday morning. The development came a day after the United States issued a security update placing Pakistan at Level 3, advising its citizens to reconsider travel. The US has advised its…

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Pakistan in contact with several countries to defuse Middle East tensions: Dar

Deputy Prime Minister and Foreign Minister Ishaq Dar said on Tuesday that Pakistan is actively working through diplomatic channels to help bring the parties involved in the Middle East conflict to the negotiating table. Briefing the Senate of Pakistan, Dar said Pakistan issued its first reaction to the situation on February 28, after which reports emerged about the martyrdom of Iran’s Supreme Leader, Ayatollah Ali Khamenei. He added that Prime Minister Shehbaz Sharif had issued a statement expressing sorrow over the development. The foreign minister recalled that when Iran was attacked…

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PM orders repatriation of Pakistanis from Iran

Prime Minister Shehbaz Sharif has directed the Ministry of Foreign Affairs to take all necessary steps to ensure the safe repatriation of Pakistanis stranded in Iran. The premier chaired a high-level review meeting on Saturday regarding the overall security situation in the country following the US-Israeli attack on Iran and Iran’s retaliatory attacks. Referring to the Pakistanis currently visiting Iran, the PM directed that all citizens should be brought back safely to Pakistan via Azerbaijan. In this regard, he directed the Ministry of Foreign Affairs to immediately contact the government…

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