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Pakistan

Armed men chase Karachi DSP returning from bank, snatch Rs800,000

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KARACHI: A group of armed men snatched Rs800,000 and mobile phones from a police officer at gunpoint in Gulshan-e-Iqbal on Thursday, deepening the sense of insecurity in the city due to a sharp rise in street crime.

Aziz Bhatti police said four robbers on two motorcycles snatched Rs800,000 and two mobile phones from Deputy Superintendent of Police (DSP) Saad Jabbar as his car approached his residence in Shanti Nagar, Dalmia.

The robbers chased the police officer when he was returning from a bank. The police have obtained CCTV footage of the incident and launched an investigation.

The development comes days after the city police chief said that the situation in the metropolis is not as bad as it is being made out to be despite people being worried sick about the rising crime rate in Karachi, The News reported.

Last Friday, Karachi police chief Jawed Alam Odho, in a media talk at the Karachi Chamber of Commerce and Industries (KCCI), denied that crime was rising in the metropolis.

He said there is more crime in Lahore and other cities, but the people of Karachi are kicking themselves in the gut.

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In Pakistan, the ANF seizes 2133 kg of narcotics.

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He told that a parcel at the DHL office at Lahore Airport, which was scheduled for the UK, had 580 grams of heroin recovered from it.

460 grams of ice were found on a traveler at Karachi Airport who was traveling to Bahrain during the second operation.

Three packages that were taken from a courier office in Quetta contained 1.4 kg of ice, which was found during the third operation.

At a courier agency in Rawalpindi, 14 grams of marijuana were found inside a package that had been delivered from the UK.

Three individuals who were detained at Port Qasim Karachi had 19 kg of hashish found on them, while 2080 metric tons of hashish were found recovered at Fort Abdullah. In the vicinity of Sukran Road Hub, 14 kg of hashish was found.

In the eighth operation, an accused person apprehended close to M-1 Islamabad had 8.8 kg of hashish and 2.4 kg of opium in his possession. At Zero Line Torkham, 5.6 kg of diazepam were found on an Afghan national who had been detained.

A suspect captured at GT Road, Attock, yielded 460 grams of hashish during the 10th operation.

The arrested suspects have been the subject of Anti-Narcotics Act cases, and additional inquiries are currently being conducted.

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Balochistan is shaken by a 4.2-magnitude earthquake

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12 kilometers below the surface, the epicenter of the earthquake was close to Turbat.

Yet, as of yet, no reports of fatalities or property damage have come from any region in Balochistan. Frantically reciting Kalma-e-Tayyaba, people emerged from their homes.

The Malir neighborhood of Karachi was struck by an earthquake on Thursday that registered a magnitude of 3.1.

In Malir, Landhi, Quaidabad, Kathore, and Gadap Town, there were indeed earthquakes, according to the National Seismic Monitoring Centre (NSMC).

12 kilometers was the reported depth of the earthquake’s epicentre, which was New Malir Karachi.

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Business

“Ten companies express interest in purchasing PIA.”

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Ten businesses, including three domestic aviation companies, have put in their bids.

According to the sources, other organizations interested in purchasing the majority of PIA shares include Fly Jinnah, AirSial, Arif Habib Group, Shujaat Azeem Group’s consortium, Tabba, Tariq Group, and Sehgal groups.

In order to provide these businesses more time to complete their bids, the PIA privatization deadline, which was originally set for May 3 (today), has been extended to May 18.

The Federal Minister for Privatization, Abdul Aleem Khan, declared in his announcement that the deadline for submitting statements of interest for national flag carriers will not be extended.

Sources claimed that although the Privatization Commission and the PIA administration ran a number of roadshows, they were not very successful.

An earlier request for a 30-day extension to hold its annual general meeting (AGM) was made by Pakistan International Airlines (PIA).

Citing inadequate financial reports and an audit as reasons for the delay, the national flag carrier has applied to the Securities and Exchange Commission of Pakistan (SECP).

A letter explaining the extension and its rationale to shareholders was also sent by the airline to the stock exchange.

The request for a postponement is connected to PIA’s current privatization process, according to people with knowledge of the situation.

Following the requested delay, they estimate that the AGM will occur by May 30.

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