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  • PSX touches record high with 174,000 points amid UAE investment optimism

    PSX touches record high with 174,000 points amid UAE investment optimism

    Pakistan’s stock market opened the final week of the year on a strong note, with the KSE-100 Index surpassing the 174,000 mark during Monday’s early trading.

    This happened as optimism over a potential United Arab Emirates (UAE) investment in Fauji Foundation, along with a $1 billion rollover liability settlement, boosted investor sentiment and pushed the market to a new all-time intraday high.

    The benchmark displayed robust momentum throughout the session, reaching an intra-day high of 174,411.72 points. By 11:30am, it was trading around 173,669.86, up 1,269.13 points or 0.74% from the previous close.

    Investor demand was particularly visible in major sectors, including automobile assemblers, cement, commercial banking, fertilisers, oil and gas exploration, OMCs (Oil Marketing Companies), and power generation and refinery companies. Heavyweight stocks such as ARL (Attock Refinery Limited), HUBCO (the Hub Power Company Limited), MARI, OGDC (Oil & Gas Development Company Limited), PPL (Pakistan Petroleum Limited), POL (Pakistan Oilfields Limited), HBL (Habib Bank Limited), MEBL (Meezan Bank Limited), and MCB were all trading in positive territory.

    According to Arif Habib Limited’s report, “Pakistan Investment Strategy 2026: The Equity Edge Continues,” the PSX is expected to remain the top-performing asset class in 2026, underpinned by improving macroeconomic conditions, easing inflation, and steady domestic liquidity.

    According to Khurram Schehzad, advisor to the Finance Minister, the Pakistani equity market has produced almost 50% gains in US dollars since January 2025, placing it among the best performers in Asia.

    “Since January 2025, the PSX has delivered 50%+ returns in US dollar terms, making it one of the best markets in Asia, with 2025 being another year of strong gains for investors,” said Advisor to Finance Minister, Khurram Schehzad. “Investor participation is rising fast – the equity investor base has crossed 450,000, up 120,000+ investors (+37%) in 18 months. 

    “These record levels reflect growing investor confidence, supported by continued macro stability, key reforms, and improving prospects for more sustainable, higher future growth,” he added.

    Last week, the KSE-100 Index concluded at a record 172,400.73 points, marking a 0.6% weekly increase and extending its year-end rally to all-time highs.

    Globally, Asian markets opened at six-week highs, while the US dollar hovered near three-month lows amid expectations that the Federal Reserve could cut interest rates next year, fueling gains in precious metals.

    Geopolitical developments also influenced sentiment. On Sunday, US President Donald Trump indicated that he and Ukrainian President Volodymyr Zelenskiy were “getting a lot closer” to reaching a potential agreement to end the Ukraine war.

    MSCI’s (Morgan Stanley Capital International) broad Asia-Pacific index climbed 0.27%, reaching its highest level since October 3, as the region kicked off the final week of the year on a strong note. The index has surged more than 25% this year, driven largely by technology stocks amid ongoing AI enthusiasm.

    South Korea’s Kospi jumped 1.5% to near a two-month high, bringing its annual gains to an impressive 74%, on track for its strongest yearly performance since 1999.

    Meanwhile, Japan’s Nikkei fell 0.4%, while Taiwan stocks inched up 0.3% to set a new record high.

  • Law enforcement rescues minor girl being groomed by BLA for suicide bombing

    Law enforcement rescues minor girl being groomed by BLA for suicide bombing

    Law Enforcement Agencies (LEAs) in Karachi have rescued a minor girl from a Balochistan Liberation Army (BLA) plot to use her as a suicide bomber after militants contacted and radicalised her through Instagram and other social media platforms.

    According to reports, Sindh Home Minister Zia Lanjar revealed the details at a joint press conference in Karachi alongside Counter Terrorism Department (CTD) Additional Inspector General Azad Khan and Karachi police chief Javed Alam Odho. 

    He explained that militants approached the child online and gradually indoctrinated her over time.

    “Terrorists contacted the girl through social media, narrated fabricated stories and brainwashed her,” Lanjar said, adding that militants had prepared her to become a suicide bomber before law enforcement intervened.

    The home minister emphasised that militant propaganda relies on falsehoods and urged parents to closely monitor their children’s online activity. “[Their] terrorists’ narrative is based on lies. Through social media, they spread a false narrative against the state,” he said.

    Lanjar noted that the girl comes from a family with no apparent militant background. 

    “She has two brothers, one of whom serves in the police,” he said. He also stressed the state’s commitment to the Baloch community, saying, “The state is standing with the Baloch people.”

    CTD Assistant Inspector General (AIG) Azad Khan provided further details about the radicalization process. He said, “A BLA terrorist first contacted the girl on Instagram and later added her to a WhatsApp group, where militants exposed her to hate-filled content and anti-state narratives.”

    “Initially, she was given extremist material, followed by continuous indoctrination,” Azad Khan said. He explained that the girl used social media like other children her age and had no family history of militancy.

    Khan revealed that militants had taken the child out of Karachi as part of the plot, but authorities intercepted her during snap checking outside the city. “Because of her age, we do not consider her a suspect,” he said, adding that authorities will not pursue the matter through the criminal justice system.

    Authorities informed the family of the entire situation after recovering the girl. “They will be provided protection,” Khan added.

  • Engineer Mirza reveals hearing Imran Khan’s voice in jail, observing his movements from nearby barrack

    Engineer Mirza reveals hearing Imran Khan’s voice in jail, observing his movements from nearby barrack

    Islamic cleric Engineer Muhammad Ali Mirza, who was recently released from jail, has revealed hearing Imran Khan’s voice, and observing the movements of the former incarcerated prime minister (PM) from a nearby barrack.

    Appearing on journalist Irshad Bhatti’s YouTube channel, Mirza broke silence on his experiences during the 103 days he remained in custody following his arrest in a blasphemy case in August. Besides discussing his time in jail, the cleric also clarified perceptions about the treatment of prisoners, including ex-premier Khan.

    “When Imran Khan used to come for breakfast, we couldn’t actually see him, but his caretaker would already be preparing his breakfast right there. He used to arrive exactly at 9 am, and at 3 pm he would come again to have the evening meal,” Mirza revealed about the routine of the ex-PM, who remains locked up at Rawalpindi’s Adiala Jail over corruption charges.

    He also said they could hear conversations between Khan and his caretaker due to the layout and construction of the barracks, which separated them with a 10 or 12-feet high wall not connected to the ceiling.

    Mirza said Khan’s voice was recognisable because it has a certain depth, and he could hear at least a few sentences every time Khan spoke.

    When Bhatti asked about the contents of Khan’s conversations, Mirza said, “They would be discussing cricket. Obviously, he wouldn’t discuss anything else.”

    He added that despite public perception, Khan had access to a television, newspapers and an open area.

    “Imran Khan was given six prison barracks, whereas we were given three. He had six complete ones, in front of that, he was also given access to an open space… but at the end of the day, it is still a jail,” he said. 

    Regarding meals, Mirza said that all discussion about Khan having desi ghee and other food of choice in jail was completely true. “We could smell those dishes.”

    Mirza also spoke of the situation after November 4 when reports claimed Khan had been shifted to solitary confinement.

    “After November 4, we stopped hearing his voice. I asked an on-duty person to confirm his well-being and I was told that Khan now sits on the other side because of sunlight from that direction,” he added. 

    The interview follows Mirza’s release on bail. The Rawalpindi Bench of the Lahore High Court (LHC) in the start of this month approved his release in a case alleging religious hatred, ordering him to submit two surety bonds worth Rs500,000 each. 

    Earlier, the Cyber Crime Wing of the Federal Investigation Agency (FIA) had registered the case, alleging that a video on Mirza’s YouTube channel contained blasphemous remarks.

    Charges faced by Mirza fall under Section 295-C of the Pakistan Penal Code (PPC), which carries the death penalty, and Section 11 of the Prevention of Electronic Crimes Act (PECA) 2016, relating to content inciting sectarian or interfaith hatred.

    He has himself filed a petition challenging the FIA probe and a fatwa against him by the Punjab Quran Board.

  • SP Shehrbano Naqvi breaks silence on Lahore doctor’s allegations

    SP Shehrbano Naqvi breaks silence on Lahore doctor’s allegations

    Superintendent of Police (SP) Shehrbano Naqvi has broken silence on allegations by Dr Ali Zain Ul Abideen of Lahore, who claimed the cop pressured him into pay millions of rupees to a patient over a medical dispute.

    Denying the allegations, Naqvi shared a detailed clarification on her Instagram story and revealed that she only met both parties once, on May 9, 2025, at her office.

    She made it clear that she was not involved in any financial transactions and did not harass, coerce or pressure anyone.

    SP Naqvi added that “the admission of guilt and cheques had been provided before the case reached her office, and the apology letter from the clinic was issued without any police involvement”.

    Any monetary exchange that later took place occurred after she had left her previous office for her new appointment.

    SP Naqvi said she had been appointed Model Town SP in October/first week of November and had nothing to do with the office of Defence assistance superintendent of police (ASP) Defence since.

    Additionally, the officer called on public to not share false information on social media, saying that spreading misinformation was a sin and her name should not be used for personal benefit or publicity.

    She also said that those spreading misinformation should thank her for not pursuing legal action against them for spreading misinformation.

    Earlier, Dr Ali Zain had in an interview alleged that he was forced to provide three cheques totaling Rs10 million to a female patient who underwent laser eye surgery at his clinic in April.

    He claimed SP Naqvi, then Defence ASP, had instructed him to reimburse the patient despite the surgery being medically successful.
     

    The doctor also alleged that his clinic guard was detained during a visit by police personnel and argued that police have no jurisdiction over medical procedures, which should be evaluated by a qualified medical board.

  • Noman Ijaz says he’s not Faysal Qureshi or Humayun Saeed, doesn’t need makeup

    Noman Ijaz says he’s not Faysal Qureshi or Humayun Saeed, doesn’t need makeup

    Veteran actor Noman Ijaz has left social media quite surprised after claiming he never wears makeup and doesn’t need it like some of his peers. 

    During a recent YouTube podcast, Ijaz explained his unique approach to preparing for roles. “I have never wore makeup in my entire life. When the makeup person comes to me, I tell them I’m not Faysal Qureshi or Humayun Saeed. I don’t need it,” he said.

    The actor emphasized that his focus remains on character portrayal rather than appearance. “I am not selling this. I am selling the character which I am playing,” Ijaz stated.

    He revealed his unconventional preparation routine. “I instruct them [makeup team] to find me a 10-rupee towel. I dip it in water, wring it out, apply it on my face and that’s it,” he explained.

    Social media users had mixed reactions to Ijaz’s comments.

    “No doubt this man is extremely talented,” one user wrote.

    “Chalo nawa katta khul gaya [Well, a new controversy has started[,” another user commented with a laughing emoji.

    “It was unnecessary. Faysal and Humayun both are equally good actors,” one person noted.

    “Fahad ka naam nahi liya [He didn’t mention Fahad’s name],” a user joked with a laughing emoji, referencing Fahad Mustafa. 

    “Haha he is right,” another user agreed.

    Noman Ijaz has built a reputation for his intense performances in Pakistani dramas. His notable works include Sang-e-Mah, Dar Si Jaati Hai Sila, Raqeeb Se, Sang-e-Mar Mar,Dunk, and O Rangreza.

    Most recently, Ijaz appeared in Parwarish, alongside rising starts like Samar Jafri, Alina Asif, Abul Hassan and Reham Rafiq.

  • Global condemnations pour in as Israel recognises Somaliland as independent state

    Global condemnations pour in as Israel recognises Somaliland as independent state

    The Arab League, the Gulf Cooperation Council (GCC), the African Union (AU) and the Organization of Islamic Cooperation (OIC) have all criticised Israel’s formal recognition of Somaliland as an independent state. 

    Somaliland, a breakaway region in the Horn of Africa, declared its independence from Somalia in 1991. Despite decades of functional autonomy and relative security, no country recognised Somaliland until Friday when Israel declared it a “independent and sovereign state”.

    Somaliland President Abdirahman Mohamed Abdullahi praised the decision, describing it a “historic moment” and the beginning of a “strategic partnership”.

    The announcement sparked immediate backlash. Somalia described Israel’s recognition as a “deliberate attack” on its sovereignty, threatening regional peace. The AU cautioned that the move risked “setting a dangerous precedent with far-reaching implications for peace and stability across the continent”. 

    The AU Commission chair, Mahmoud Ali Youssouf, stated that the bloc “firmly rejects any initiative or action aimed at recognising Somaliland as an independent entity, recalling that Somaliland remains an integral part of the Federal Republic of Somalia”.

    Arab League Secretary-General Ahmed Aboul Gheit described Israel’s action as “a clear violation of international law and a flagrant infringement of the principle of the unity and sovereignty of states”. 

    The GCC issued a statement describing the recognition as “a grave violation of the principles of international law and a blatant infringement” on Somali sovereignty. According to Secretary-General Jasem Albudaiwi, the decision “represents a dangerous precedent that will undermine the foundations of stability in the Horn of Africa region and open the door to further tensions and conflicts”.

    The OIC, along with foreign ministers from Pakistan, Jordan, Egypt, Algeria, Comoros, Djibouti, Gambia, Iran, Iraq, Kuwait, Libya, Maldives, Nigeria, Oman, Palestine, Qatar, Saudi Arabia, Somalia, Sudan, Turkey and Yemen also issued a joint statement condemning Israel’s recognition. 


    They said that the action had “serious repercussions on peace and security in the Horn of Africa, the Red Sea and international peace and security as a whole” in addition to “Israel’s full and blatant disregard for international law”. 

    The statement also disregarded “any potential link between such measure and any attempts to forcibly expel the Palestinian people out of their land”.

    Meanwhile, Pakistan’s deputy prime minister (PM), who is also the foreign minister (FM), Ishaq Dar reaffirmed Islamabad’s support for Somalia in calls with Somali and Egyptian officials, promising to raise Somalia’s concerns at the United Nations (UN) and other multilateral forums.

    The Palestinian Foreign Ministry warned that Israel had previously identified Somaliland “as a destination for the forced displacement of our Palestinian people, particularly from the Gaza Strip” and urged the international community to prevent any complicity with such plans.

    Somalia’s al-Qaeda-linked armed group al-Shabab also condemned the recognition, pledging to fight any attempt by Israel “to claim or use parts of Somaliland”.

    While Israeli PM Benjamin Netanyahu, on the other hand, framed the decision as part of the “spirit of the Abraham Accords”, the United States (US) distanced itself from the move.

    Asked whether Washington planned to recognise Somaliland, President Donald Trump said, “No. Does anyone know what Somaliland is, really?”

  • Internet loses it as Ronaldo says ‘Insha’Allah’ for 1,000 goals target

    Internet loses it as Ronaldo says ‘Insha’Allah’ for 1,000 goals target

    Portuguese football legend Cristiano Ronaldo won the Middle East Player of the Year award for the third consecutive time at the Globe Soccer Awards in Dubai, declaring his ambition to reach 1,000 career goals.

    The 40-year-old star beat prominent players including Karim Benzema, Salem Al-Dawsari and Riyad Mahrez to claim the honor. Ronaldo scored 40 goals across all competitions during 2025, showcasing his remarkable form and consistent performance.

    The Al-Nassr forward, whose contract runs until mid-2027, delivered an emotional speech after receiving the award.

    “It’s very hard to play more, but my passion is high and I’m ready to play more,” Ronaldo said. “Regardless of whether I play in the Middle East or in Europe, I love playing football, scoring goals and winning trophies,” he added.

    He then revealed his ultimate target. “You all know what my goal is. I want to win more trophies and I want to score a thousand goals,” Ronaldo said. “If I don’t get injured, I will definitely score a thousand goals, Inshallah.”

    Football fans across social media celebrated the Portuguese icon’s achievement and determination.

    Inshallah? He’s a Muslim now?” one user questioned.


    “Every time he says inshallah publicly he gets a €1M bonus from Saudi,” another user joked.


    “Inshallah indeed,” a user wrote with the clapping emoji.


    “His name is literally Cristiano lol,” one person pointed out.


    “Musalmano Ronaldo,” another user wrote with a heart emoji.


    “You can’t hate this man,” one fan commented.

    “Ronaldo rocks,” another user wrote.


    “Classic Ronaldo, aiming for the ultimate goal, let’s go!” a user added.

    Ronaldo currently has 956 career goals across club and international football. His declaration to reach 1,000 goals would require him to score 44 more goals.

  • VIDEO: Two PIA cabin crew suspended after public fight at Jeddah airport

    VIDEO: Two PIA cabin crew suspended after public fight at Jeddah airport

    Two Pakistan International Airlines (PIA) flight attendants have been suspended following a public altercation at the Jeddah International departure lounge. 

    The incident occurred as the flight was preparing to depart for Multan and was captured on video, which quickly circulated on social media and drew widespread attention.

    According to the airline, the scuffle took place on December 23, while an immediate intervention by airport personnel prevented the situation from escalating further. 

    A PIA spokesperson confirmed that both crew members involved have been suspended pending a thorough internal investigation, with disciplinary action to follow once all facts are verified.

    This is not the first time PIA cabin crew have faced disciplinary scrutiny. In a separate incident last year, two male air hosts, Khalid Afridi and Fida Hussain, reportedly failed to report for duty on a flight from Islamabad to Toronto, forcing the airline to operate without them. 

    PIA contacted Canadian authorities at the time, and strict action was promised once the investigation concluded.

    The incident comes at a time of major transition for PIA, which has recently been privatised. Arif Habib Consortium acquired the national carrier after submitting the highest bid of Rs135 billion, narrowly surpassing the Lucky Consortium, which had offered Rs134 billion.

    Under the terms of the deal, the government will receive Rs10.2 billion in cash, while the consortium has acquired a 75 percent majority stake in the airline. Officials note that this marks the first major privatisation in Pakistan in nearly two decades.

  • Adil Raja proscribed under Anti-Terrorism Act

    Adil Raja proscribed under Anti-Terrorism Act

    Adil Farooq Raja, a former army man turned YouTuber, has been placed on the Fourth Schedule of the Anti-Terrorism Act, 1997, by the federal government. 


    The government had “reasonable grounds” to suspect Raja of engaging in actions endangering Pakistan’s security, integrity, and public order, according to a notification released by the interior ministry on December 27.

    “He has consistently misused online platforms to promote, facilitate, and amplify anti-state narratives and propaganda associated with proscribed terrorist organisations, thereby acting in a manner prejudicial to the sovereignty and defence of Pakistan,” the notification said.

    The Anti-Terrorism Act’s Section 11EE, which gives the federal government the authority to put people on the Fourth Schedule as proscribed persons, was cited as the basis for the decision. 


    A summary of Raja’s proscription was authorized by the federal cabinet before the notification was sent out. On December 23, the interior ministry provided the summary.


    Raja is a former Pakistan Army officer and currently resides in the United Kingdom. He runs a YouTube channel and has described himself publicly as a whistleblower.


    About 20 days earlier, UK High Commissioner Jane Marriott received the extradition paperwork for Raja and former prime minister Shahzad Akbar from Interior Minister Mohsin Naqvi.


    Before that, Naqvi had said that authorities would seek the repatriation of UK-based YouTubers who were allegedly targeting state institutions and had initiated a crackdown on people spreading what the government referred to as “fake news.”

    Reacting to the developement, Raja wrote in a post on X: “They may call the British High Commissioner to complain, but such a complaint is itself unlawful under UK statutes, as we have committed no wrongdoing.”

    Earlier this month, a London high court ordered Raja to pay £350,000 in damages and legal costs after ruling that he had defamed a former intelligence officer through allegations of corruption and electoral interference.

    In 2023, Raja was sentenced to 14 years in prison following a Field General Court Martial on charges of inciting sedition and was stripped of his military rank.

    After PTI founder Imran Khan was arrested, Islamabad police accused Raja and another YouTuber from the UK, retired Captain Haider Raza Mehdi, of inciting unrest and attacks on military installations. 

    The military’s media affairs wing did not directly connect the court martial proceedings to the events of May 9, 2023.

  • Mother, three children found hanging in Karachi’s Sohrab Goth

    Mother, three children found hanging in Karachi’s Sohrab Goth

    The bodies of a woman and her three children have been found hanging inside a house near Machhar Colony in Karachi’s Sohrab Goth on Sunday, police have confirmed. 


    After the incident was reported, a crime scene unit went to the house, Sohrab Goth police have said. Evidence has been gathered from the scene and investigation is underway.

    The remains were taken to Abbasi Shaheed Hospital for a post-mortem examination, according to police surgeon Dr. Summaiya Syed. The children were 10, three, and two years old, while their mother’s age was determined to be around 35.

     
    “We have collected all samples for chemical analysis,” Dr Syed said, adding that the cause of death has been reserved until laboratory reports are received.

    There were no indications of a conflict within the home, Zubair Nazir Shaikh, East Senior Superintendent of Police (SSP), has states. Neighbors did not report hearing any arguments or disturbances during the incident, he continued.

    “The husband told police that he works at the New Subzi Mandi and had left for work around 4am,” SSP Shaikh said. “When he returned several hours later, he found his wife and three children dead.”

    The SSP said police were waiting for autopsy reports before drawing any conclusions. “It would be premature at this stage to reach any final conclusion,” he said.

    According to Sohrab Goth Deputy Superintendent of Police (DSP) Aurangzeb Khattak, preliminary findings indicated that the woman killed the children before taking her own life. He claimed that the issue seemed to be related to domestic problems.

    “The woman was an Afghan national, while her husband originally belonged to Punjab,” DSP Khattak said. He added that the woman was reportedly emotionally disturbed and allegedly used to beat the children.

    The husband had admitted to authorities that there had previously been disagreements between the couple. “Her husband sometimes, in a fit of anger, used to threaten her that he would marry another woman if she did not stop beating the children,” the DSP narrated. 

    The officer clarified that the husband has not been taken into custody but is being questioned as part of the investigation. “The man told police that when he returned from his job and knocked on the door, there was no response,” DSP Khattak said. “He then climbed the wall and saw the bodies hanging inside the room.”

    Meanwhile, Sindh Home Minister Ziaul Hassan Lanjar took notice of the event and requested a report from the East SSP, according to a statement released by his office. He asked police authorities to look into the situation from all sides.

    “The reasons behind the incident should be identified, and suspects should be dealt with in accordance with the law,” Lanjar was quoted as saying. 

    He also instructed officials to ensure a transparent investigation and identify those responsible.