Latest News
Pakistan Navy, Coast Guards seize major drug shipment near Gwadar
The Pakistan Navy and the Pakistan Coast Guards have confiscated 2,000 kg of narcotics in a joint intelligence-based operation near the Gwadar coastline in collaboration with the Joint Maritime Information conjunction Centre (JMICC), the Pakistan Navy stated on Sunday.
“The operation was conducted in Pishukan Gwadar and the officials recovered 1,500 kg of hashish and 500 kg of crystal methamphetamine (Ice),” the statement issued by Directorate General Public Relations (Navy) said.
The Pakistan Navy said the estimated international market value of the seized shipment was roughly US$215 million.
The statement added the narcotics were being shipped through the Arabian Sea for transmission to overseas locations.
The recovered drugs have been handed over to Pakistan Coast Guards for further legal measures and investigation.
“The successful operation proved the effectiveness of inter-agency coordination in combating narcotics smuggling and other illicit maritime activities,” the Pakistan Navy stated.
The operation also demonstrated the resolve of the Pakistan Navy to prohibit the use of Pakistan’s maritime domain for unlawful activities and improve maritime security along the country’s coastline, it added.
The Pakistan Stock Exchange (PSX) started on a bullish note on Tuesday as the benchmark index regained the 179,000-point level in early trade.
Market statistics showed the KSE-100 Index jumped over 900 points in early trade to 179,405 points.
Market observers said the move was buoyed by restored investor confidence after last session’s turmoil.
The index had closed lower on the last trading day, down 450 points to 178,471 points.
The Pakistan Stock Exchange witnessed a comeback in market confidence as trading started for the second business day of the week with early gains.
KARACHI: The former director of the Karachi BRT Yellow Line project, Zameer Abbasi, was detained on Monday over financial violations.
Details said that Anti-Corruption Establishment Karachi has detained Zameer Abbasi from Lahore in an intelligence-based operation.
Anti-corruption officials said a complaint was lodged against him on June 10. They added that efforts were being made to shift him from Lahore to Karachi.
It is worth mentioning here that allegations have been made against the project director of illegally releasing over Rs 7 billion to contractors and this led to the inquiry and his detention.
— Security forces stopped a major terrorist conspiracy in Balochistan’s Panjgur district in a timely and information based response, security sources said.
The operation was undertaken in the Jirak area on the basis of secret information and a considerable quantity of weapons and communication equipment was recovered, security sources said. During the operation, the police seized 4 rocket fuses and many improvised explosive devices (IEDs) from a vehicle.
Security officials stated the explosive supplies were intended to be used in a possible large-scale terrorist attack, which was being prepared in the region.
They noted that the prompt and professional action by the security forces had prevented serious destruction and protected the area from a possible catastrophe.
This successful operation is a clear sign that the security forces are still a formidable barrier against the anti-peace groups in Balochistan, claimed the security forces.
PSX starts on a positive note, KSE-100 index reclaims 179,000 mark
Former Karachi BRT Yellow Line project director Zameer Abbasi detained.
Security agents avert big terror plot in Panjgur
ICC board meeting in India: Mohsin Naqvi gets invitation
The IMF mission has arrived in Pakistan for discussions regarding the budget.
Oil hits 2-week high following drone strike on UAE nuclear power facility
-
Latest News1 month agoICC board meeting in India: Mohsin Naqvi gets invitation
-
Business1 month agoThe IMF mission has arrived in Pakistan for discussions regarding the budget.
-
Business1 month agoOil hits 2-week high following drone strike on UAE nuclear power facility
-
Latest News2 weeks agoShehbaz, Zardari discuss key issues as PPP hints at budget support
-
Latest News3 weeks agoIs the US-Iran standoff exposing deep fault lines in US intelligence coordination?
-
Business1 month agoIn the open market, flour prices increase by Rs 700 per mound.
-
Latest News1 month agoTwenty people suffered injuries when a picnic bus from Karachi toppled en route to Kenjhar.
-
Latest News1 month agoThis week is anticipated to see a decision about Mohsin Naqvi’s journey to India.