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"Our job is 98% done," Privatisation Minister Fawad Hasan Fawad told Reuters when asked about the plan to sell the airline. Details of the privatisation process have not been previously reported. PIA had liabilities of 785 billion Pakistani rupees ($2.81 billion) and accumulated losses of 713 billion rupees as of June last year. Its CEO has said losses in 2023 were likely to be 112 billion rupees. PIA spokesman Abdullah Hafeez Khan said the airline was assisting the privatisation process, extending "full cooperation" to the transaction adviser.
Persons: Asif Shahzad, Fawad Hasan Fawad, Fawad, Ernst & Young, Shamshad Akhtar, Abdullah Hafeez Khan, Nawaz, Nawaz Sharif, Imran Khan, Sharif's, Ishaq Dar, EASA, Brendan Sobie, Gibran Peshimam, Raju Gopalakrishnan Organizations: Pakistan International Airlines, International Monetary Fund, PIA, IMF, Reuters, Caretaker, Ernst &, Ernst, FAST, Pakistan Muslim League, European Union Aviation Safety Agency, Heathrow, Manchester, Birmingham, Kuwaiti Locations: Asif Shahzad ISLAMABAD, Pakistan, Czech, Hungarian, Karachi, Europe, Kuala Lumpur, Toronto, Singapore, East, North America, Paris, New York
But like many of the town’s 500,000 Muslims, 65-year-old Maulana Badshah Khan says he’ll be staying at home. And tens of thousands of pious Hindus are thronging to the small town to place flowers and gifts inside the temple. “They will call for Muslims to be expelled from Ayodhya or demand a Hindu Rashtra (nation),” he said. Mahboob, one of the petitioners who fought for the Babri mosque in the Supreme Court, said for most Muslims of Ayodhya, its construction does not hold emotional sway. Muslims pray for peace ahead of verdict on a disputed religious site in Ayodhya, inside a mosque premises in Ahmedabad, India, November 8, 2019.
Persons: Saffron, Narendra Modi, Maulana Badshah Khan, he’ll, Modi, Khan, , Azam Qadri, Douglas E, Curran, Haji Mahboob, Mahboob, Nilanjan Mukhopadhyay, Mukhopadhyay, Nalin Kohli, Modi’s, Amit Dave, Babri, Arafat Shaikh –, BJP –, Shaikh, Gharib Nawaz, Vinod Bansal, Mahant Jairam Das, Hassan Ali Organizations: New, New Delhi CNN, Indian, Modi’s Bharatiya Janata Party, BJP, Getty, he’s, CNN, Ram, Hindu Parishad, Rashtriya Swayamsevak Sangh Locations: New Delhi, Ayodhya, New India, India, Babri, Ahmedabad, Saudi Arabia, Pakistan
Pakistan's former Prime Minister Nawaz Sharif addresses supporters upon his arrival from a self-imposed exile in London, ahead of the 2024 Pakistani general election, in Lahore, Pakistan October 21, 2023. REUTERS/Mohsin Raza/File Photo Acquire Licensing RightsISLAMABAD, Nov 29 (Reuters) - A Pakistan court overturned the conviction of former Prime Minister Nawaz Sharif in a corruption case on Wednesday, his lawyer said. The Islamabad High Court announced its decision after the national anti-graft body did not contest Sharif's appeal for his acquittal, lawyer Azam Nazeer Tarar said. "I had left it to the mercy of God," the former premier said in comments broadcast live on local TV after he left the court. Sharif had been out on bail pending the appeal and had always denied any wrongdoing, saying the charges were politically motivated.
Persons: Nawaz Sharif, Mohsin Raza, Sharif, Azam Nazeer Tarar, Asif Shahzad, Shivam Patel, Andrew Heavens Organizations: REUTERS, Rights, Islamabad High Court, Thomson Locations: London, Lahore, Pakistan, Rights ISLAMABAD, Islamabad
[1/3] Former Pakistani Prime Minister Imran Khan pauses as he speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. It has been conducting the trial in prison since Khan was indicted on the charges last month. The Islamabad High Court had ruled last week that holding Khan's trial inside jail premises on security concerns was illegal, and ordered it restarted in an open court. The 71-year-old former cricket star has been embroiled in a tangle of political and legal battles since he was ousted as prime minister. The election is shaping as a fight between Khan's party and that of another ousted former prime minister, Nawaz Sharif.
Persons: Imran Khan, Akhtar Soomro, Khan, Naeem Panjutha, Nawaz Sharif, Asif Shahzad, Kim Coghill, Raju Gopalakrishnan Organizations: Pakistani, Reuters, REUTERS, Court, Twitter, Thomson Locations: Lahore, Pakistan, ISLAMABAD, Islamabad, United States
Security officers escort Pakistan's former Prime Minister Imran Khan, as he appeared in Islamabad High Court, Islamabad, Pakistan May 12, 2023. The former cricket star has been embroiled in a tangle of political and legal battles since he was ousted as prime minister in a vote on no-confidence in 2022, which he denounced as unfair. "The court has ordered that Imran Khan be produced on Nov. 28," Khan's lawyer, Naeem Panjutha, said in a post on the social media platform X, formerly known as Twitter. A spokesperson for the law ministry, which will decide if Khan is to appear, did not immediately respond to a request for comment. The 71-year-old was jailed on Aug. 5 for three years for unlawfully selling state gifts during his tenure as prime minister from 2018 to 2022.
Persons: Imran Khan, Akhtar Soomro, Naeem Panjutha, Khan, Nawaz Sharif, Asif Shahzad, Kim Coghill, Robert Birsel Organizations: REUTERS, Rights, Court, Thomson Locations: Islamabad, Court, Pakistan, Rights ISLAMABAD
Pakistan's former Prime Minister Imran Khan, gestures as he speaks to the members of the media at his residence in Lahore, Pakistan May 18, 2023. REUTERS/Mohsin Raza/File Photo Acquire Licensing RightsISLAMABAD, Nov 22 (Reuters) - Pakistan's Supreme Court accepted on Wednesday a bail application from detained former Prime Minister Imran Khan, his lawyer said, a day after another court declared illegal his trial on charges of leaking state secrets. The 71-year-old was jailed on Aug. 5 for three years jail for unlawfully selling state gifts during his tenure as prime minister from 2018 to 2022. His lawyer said the Supreme Court had accepted the bid for bail. No date had been set for the hearing, he said, adding that the Supreme Court would seek input from the government on the application.
Persons: Imran Khan, Mohsin Raza, Naeem Panjutha, Khan, Nawaz Sharif, Sharif, Asif Shahzad, Robert Birsel Organizations: REUTERS, Rights, Twitter, Court, Thomson Locations: Lahore, Pakistan, Rights ISLAMABAD, Islamabad, United States
Former Pakistani Prime Minister Imran Khan speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. REUTERS/Akhtar Soomro Acquire Licensing RightsISLAMABAD, Nov 21 (Reuters) - A Pakistani court on Tuesday declared the trial in jail of former Prime Minister Imran Khan on charges of leaking state secrets illegal, his lawyer said. "Islamabad High Court has declared illegal the notification for jail trial," said Naeem Panjutha, the lawyer, in a post on social media platform X. An order declared all proceedings of the trial conducted since Aug. 29 as void. "The proceedings and the trial conducted in jail premises in a manner that cannot be termed as an open trial stand vitiated," said the court order.
Persons: Imran Khan, Akhtar Soomro, Khan, Naeem Panjutha, Nawaz Sharif, Asif Shahzad, Ed Osmond, Nick Macfie Organizations: Pakistani, Reuters, REUTERS, Rights, Court, Thomson Locations: Lahore, Pakistan, Rights ISLAMABAD, Islamabad, United States
Court stays sacking of Sri Lanka board
  + stars: | 2023-11-08 | by ( ) www.reuters.com   time to read: +2 min
Ranasinghe had replaced the board with an interim committee on Monday after a disappointing World Cup campaign, amid protests calling for the resignation of Sri Lanka Cricket (SLC) officials. The matter was also discussed in Sri Lanka's parliament on Tuesday. Sri Lanka's team wind up their World Cup campaign against New Zealand on Thursday. Sri Lanka are currently ninth with four points -- the same as England, Bangladesh and the Netherlands. The only control that we have in this tournament is the game tomorrow," Nawaz told reporters.
Persons: Arun Jaitley, Sri Lanka's Dilshan Madushanka, Bangladesh's Tanzid Hasan, Pathum Nissanka, Anushree, Roshan Ranasinghe's, Ranasinghe, Shammi Silva, Sri, Sri Lanka's, Naveed Nawaz, Nawaz, Chiranjit Ojha, Rohith Nair, Peter Rutherford Organizations: Cricket, ICC Cricket, Arun, Sri, Pathum Nissanka REUTERS, Sri Lanka Cricket, New Zealand, Christian, Thomson Locations: Bangladesh, Sri Lanka, New Delhi, India, Sri Lanka's, Pakistan, England, Netherlands, Bengaluru
Former Pakistani Prime Minister Imran Khan speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. REUTERS/Akhtar Soomro/File Photo Acquire Licensing RightsISLAMABAD, Oct 23 (Reuters) - A Pakistani court indicted former Prime Minister Imran Khan and his deputy in an official secrets acts case on Monday, his party said, in another blow for the jailed former cricket star ahead of a general election expected in January. Both the United States and the Pakistani military deny that. The sentence was suspended but he remains in prison in connection with other cases, including instigating violence and the official secrets case. A guilty verdict under the Official Secrets Act could bring up to 14 years in prison or even a death sentence, lawyers say.
Persons: Imran Khan, Akhtar Soomro, Khan, Shah Mahmood Quershi, Nawaz Sharif, Gibran Peshimam, Jacqueline Wong, Robert Birsel Organizations: Pakistani, Reuters, REUTERS, Rights, Thomson Locations: Lahore, Pakistan, Rights ISLAMABAD, Islamabad, Washington, U.S, Moscow, Ukraine, United States, Adyala
He had arrived in the United Arab Emirates on Friday from Saudi Arabia after traveling there last week from London. He said Pakistan's economy and political situation both declined in recent years, according to multiple videos shared by his Pakistan Muslim League party on X, the platform formerly known as Twitter. In 2020, an anti-graft court in Islamabad issued a warrant for his arrest after he failed to return home. Another federal court has granted Sharif bail until Oct. 24, giving him protection from arrest until then. His party became hugely unpopular after Khan's removal when Nawaz Sharif's brother Shehbaz Sharif replaced Khan, a former cricketer turned politician.
Persons: — Pakistan's, Nawaz Sharif, Sharif, Allah, , Imran Khan, Khan, Sharif's, Nawaz Sharif's, Shehbaz Sharif Organizations: United Arab Emirates, Pakistan Muslim League, Twitter Locations: ISLAMABAD, Dubai, London, Lahore, Pakistan, Islamabad, Saudi Arabia, Sharif
Sharif, who has served as Pakistan’s prime minister three times and was once ousted in a military coup, landed at Islamabad airport on Saturday, according to airport officials. Sharif was the former head of the Pakistan Muslim League (Nawaz), or the PML-N, one of two dynastic parties that have traditionally dominated the country’s politics. Supporters of Nawaz Sharif wait for his arrival for a welcoming rally at a park in Lahore on October 21, 2023. Nawaz Sharif’s younger brother, Shehbaz, welcomed the news of his brother’s bail, writing on Twitter that it was a “fundamental right.”“The elected prime minister, Nawaz Sharif, was disqualified based on a fictitious and fabricated story,” Shehbaz Sharif wrote on X, formerly known as Twitter. Nawaz Sharif is expected to head its election campaign.
Persons: Pakistan CNN — Nawaz Sharif, Sharif, Nawaz, Imran Khan, Khan’s, Nawaz Sharif, Aamir Qureshi, Nawaz Sharif’s, Shehbaz, ” “, ” Shehbaz Sharif, Khan, Shehbaz Sharif Organizations: Pakistan CNN, Pakistan Muslim League, Getty Locations: Islamabad, Pakistan, Sharif, Lahore
Nawaz Sharif, a three-time prime minister, planned a grand return to Pakistan on Saturday after years of self-imposed exile, seizing an opening in the country’s turbulent politics and economic disarray to attempt another dramatic comeback. In late 2019, an ailing Mr. Sharif left Pakistan for London in an air ambulance after being granted bail from a seven-year prison sentence. While he is Pakistan’s longest-serving prime minister, Mr. Sharif has never finished any of his terms in office, running afoul of the country’s powerful military or, in the latest case, being toppled by corruption allegations. On Saturday, a politically revitalized Mr. Sharif, 73, boarded a plane from Dubai bound to Pakistan, where he plans to hold a big gathering the same day in Lahore, his hometown and Pakistan’s political heart. The rally in Lahore will be a gauge of the popularity of Mr. Sharif and his party, the Pakistan Muslim League (Nawaz), before an upcoming general election.
Persons: Nawaz Sharif, Sharif, Imran Khan, Nawaz Organizations: Pakistan Muslim League Locations: Pakistan, London, Dubai, Lahore
ISLAMABAD, Oct 21 (Reuters) - Pakistan's three-time Prime Minister Nawaz Sharif is scheduled to arrive back home on Saturday after four years of self-imposed exile in London to kick-start his party campaign three months ahead of a general election. Sharif has not set foot in Pakistan since he left for London in 2019 to receive medical treatment while serving a 14-year prison sentence for corruption. When he was removed as premier in 2017, Pakistan's GDP growth rate was 5.8% and inflation was hovering around just 4%. In September, inflation registered at over 31% year-on-year, and growth is projected to be less than 2% this financial year. "Over his long political career, Sharif's relationship with the military brass has blown hot and cold.
Persons: Nawaz Sharif, Sharif, Imran Khan, Khan, Sharif's, Shehbaz Sharif, Michael Kugelman, Asif Shahzad, Stephen Coates Organizations: London, International Monetary Fund, South Asia, The Wilson, Thomson Locations: ISLAMABAD, London, Lahore, Dubai, Pakistan
Ousted Pakistani Prime Minister Nawaz Sharif gestures as he boards a Lahore-bound flight due for departure, at Abu Dhabi International Airport, UAE July 13, 2018. REUTERS/Drazen Gorgic/File Photo Acquire Licensing RightsISLAMABAD, Oct 19 (Reuters) - A Pakistan court on Thursday barred authorities from arresting a former three-time prime minister, Nawaz Sharif, upon his expected return home on Saturday from four years in self-imposed exile, his lawyer said. Nawaz Sharif was in 2018 convicted on corruption charges, which he denied, in two cases and sentenced to a total of 14 years in prison. Upon his return on Saturday, he would address a rally in his old stronghold of Lahore, Tarar said. Sharif returned to Pakistan and to politics in 2007.
Persons: Nawaz Sharif, Drazen Gorgic, Azam Nazeer Tarar, Sharif, Shehbaz Sharif, Tarar, Pervez Musharraf, Musharraf, Asif Shahzad, Muralikumar Anantharaman, Robert Birsel Organizations: Pakistani, Abu, Abu Dhabi International Airport, REUTERS, Rights, Thomson Locations: Lahore, Abu Dhabi, UAE, Rights ISLAMABAD, Pakistan, London, U.S
Signage is seen at the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. YieldStreet, a New York investment firm that offers alternative assets to investors, failed to disclose a heightened risk related to the collateral behind one of its securities offerings, the SEC said in a statement. In September 2019, YieldStreet offered securities to finance a loan it made to companies to transport and deconstruct a retired ship. It did not tell investors of a heightened risk that they would not be able to seize the ship if the borrowers stole the funds and defaulted, as they ultimately did. Reporting by Chris Prentice; editing by Jonathan Oatis and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.
Persons: Andrew Kelly, YieldStreet, Osman Nawaz, Chris Prentice, Jonathan Oatis, Paul Simao Organizations: U.S . Securities, Exchange Commission, SEC, Washington , D.C, REUTERS, Yieldstreet Inc, U.S, Securities, YieldStreet, Thomson Locations: Washington ,, New York
[1/2] A man reads a newspaper, a day after Pakistan's parliament was dissolved by the president on Prime Minister Shehbaz Sharif's advice, at a makeshift stall in Karachi, Pakistan August 10, 2023. As it stands, former prime minister Imran Khan, the main opposition leader, cannot fight this election. There are three main contenders to lead the next government: Khan's PTI, the Pakistan Muslim League-Nawaz (PML-N) of Shehbaz Sharif and the Pakistan Peoples Party (PPP). Three-time premier Nawaz Sharif, the brother of the outgoing prime minister and whose PML-N was the senior partner in the outgoing coalition government, is seeking a return from exile. Bilawal Bhutto Zardari, 34, the young chairman of the PPP and son of former prime minister Benazir Bhutto, is another key candidate.
Persons: Shehbaz, Akhtar Soomro, Anwaar, Haq Kakar, IMRAN KHAN, Imran Khan, Khan, Nawaz Sharif, Bilawal Bhutto Zardari, Benazir Bhutto, Khan's jailing, Asif Shahzad, Gibran Peshimam, Raju Gopalakrishnan, Giles Elgood Organizations: REUTERS, BE, Monetary Fund, IMF, Balochistan Awami Party, WHO, PTI, Pakistan Muslim League, Nawaz, Pakistan Peoples Party, Constitutional, Thomson Locations: Karachi, Pakistan, Balochistan, Shehbaz Sharif
[1/2] Pakistan's former Prime Minister Imran Khan, gestures as he speaks to the members of the media at his residence in Lahore, Pakistan May 18, 2023. There has never been that kind of challenge to Pakistan's military, which has held sway over the country since independence in 1947 with a mixture of fear and respect. The 1971 fall of Dhaka in what was then East Pakistan and the birth of Bangladesh after defeat by arch-enemy India has been the lowest point for Pakistan's military since 1947. Khan was released by court order two days after his arrest, but his Pakistan Tehreek-e-Insaf (PTI) party now faces the ire of the military. "The military's power comes from its ability to deploy force, not popularity - Pakistan's generals like being liked but they like being in control even more," he said.
Footage of a protest on a central London street predates the arrest of former Pakistan Prime Minister Imran Khan. The 13-second clip, which dates to at least April 2022, has been falsely presented as showing demonstrations in the British capital in May 2023 against Khan’s arrest in Pakistan. They’re kicking off at the arrest of the country’s former Prime Minister Imran Khan.”Similar posts can be seen on Facebook (here) and Twitter (here). Longer versions of the circulating clip can be seen in tweets from April 17, 2022 (here and here), which describe the scenes as relating to separate protests against another former Pakistan Prime Minister, Nawaz Sharif. The video shows a protest in London taking place more than a year before former Prime Minister Khan’s arrest.
Feb 5 (Reuters) - Here are some facts about the life and career of Pakistan's former President Pervez Musharraf, who died on Sunday:*Born in Delhi, India, on August 11, 1943, in his family's ancestral home, Nehar Wali Haveli. *Musharraf joined Pakistan's Military Academy in 1961. He was chosen by then Prime Minister Nawaz Sharif, the brother of Pakistan's current prime minister, as the army chief in 1998. *In 2002, Musharraf was appointed president, a title he held in addition to army chief, after winning more than 90% of the vote in a controversial national referendum. *In 2007, Musharraf stepped down from his post as army chief, but said he would remain president for another five-year term.
Pervez Musharraf, Pakistan martial ruler in 9/11 wars, dies
  + stars: | 2023-02-05 | by ( ) www.cnbc.com   time to read: +12 min
Pakistan's former military ruler Pervez Musharraf has died in Dubai aged 79 after a long illness, the army said on February 5, 2023. By Sept. 12, then-U.S. Secretary of State Colin Powell told Musharraf that Pakistan would either be "with us or against us." They regrouped and the offshoot Pakistani Taliban emerged, beginning a yearslong insurgency in the mountainous border region between Afghanistan and Pakistan. Though Pakistan under Musharraf launched these operations, the militants still thrived as billions of American dollars flowed into the nation. Born Aug. 11, 1943, in New Delhi, India, Musharraf was the middle son of a diplomat.
[1/8] Pakistan's former President, Pervez Musharraf, addresses his supporters after his arrival from Dubai at Jinnah International airport in Karachi March 24, 2013. Musharraf, 79, died in hospital after a long illness after spending years in self-imposed exile, Pakistan media reported on Sunday. His father served in the foreign ministry, while his mother was a teacher and the family subscribed to a moderate, tolerant brand of Islam. Musharraf also successfully lobbied then-President George W. Bush to pour money into the Pakistani military. In 2006, Musharraf ordered military action that killed a tribal head from the province Balochistan, laying the foundations of an armed insurgency that rages to this day.
Bloomberg failed to disclose to customers of its BVAL service that its daily price valuations for fixed-income securities could be based on a single data input from at least 2016 to October 2022, the SEC said in a statement. Bloomberg did not admit or deny the SEC's charges and a spokesperson for the company declined to comment. While it found no evidence Bloomberg listed any erroneous prices, the agency said there were instances when its valuations were not derived in accordance with its stated methodologies. For a "very small fraction of total reported valuations", Bloomberg determined prices of certain fixed income securities based on "uncorroborated single broker quotes", the SEC's order said. The SEC "will hold service providers, such as Bloomberg, accountable for misrepresentations that impact investors," said Osman Nawaz, chief of the SEC enforcement division's complex financial products unit.
The Securities and Exchange Commission fined Bloomberg Finance LP $5 million to settle civil charges accusing the company of misleading customers on how it calculated the prices of certain securities, the agency said Monday. The action could have affected the price at which securities are offered or traded on the platform, the SEC said. Former New York mayor and one-time presidential candidate Mike Bloomberg owns parent company Bloomberg LP, a data and media company. The SEC said Bloomberg's customers, including mutual fund companies, used its prices to calculate valuations of their own holdings. The disclosure issue affected the prices of some government bonds, agency securities, corporate bonds, municipal bonds as well as securitized products, the SEC said.
Experts told Insider Elon Musk's close business relationships is a "recipe for disaster." Experts told Insider it's not surprising that the second-richest man in the world would be taken aback by public criticism. Across his companies, Musk also appears to have built up a slew of allies. Similarly, at Twitter, Musk has also brought in some of his personal associates to assist in the transition. 'Speak truth to power'It can be very difficult to "speak truth to power," Nawaz told Insider, saying it's important for CEOs to create "psychologically safe" environments.
The iconic nightly news program announced Wednesday that legendary anchor and managing editor Judy Woodruff will sign off from the anchor desk on Friday, December 30. Woodruff, 75, will pivot to a two-year project aimed at understanding polarization in America and how it can be remedied. Taking Woodruff’s place at the anchor desk will be Amna Nawaz and Geoff Bennett, PBS officially announced (you’ll remember that we, along with others, reported this back in May). But while significant structural changes shouldn’t be expected on the show, “NewsHour” viewers will still see a different program with the anchors bringing their own distinctive styles. “‘NewsHour’ is so much bigger than just an hour of television,” Nawaz said, adding that younger viewers interact with the show in totally different ways.
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