Month: July 2026

Islamabad: An anti-terrorism court on Monday sent an accused arrested in the killing of Pakistan Air Force (PAF)’s Group Captain Asim Tariq to jail on a 14-day judicial remand for an identification parade.

Anti-Terrorism Court Judge, Abual Hasnat Muhammad Zulqarnain passed the order after police produced suspect Saad Abbasi before the court under tight security.

Prosecutor Raja Naveed and the investigating officer were also present during the proceedings.

According to police, a case has been registered against the suspect at Margalla Police Station under provisions of Pakistan’s anti-terrorism law in connection with the fatal shooting of Group Captain Asim Tariq.

Investigators requested the court to send the suspect for an identification parade, a request the court accepted. The judge directed prison authorities to conduct the identification parade in accordance with legal procedures and submit a report upon its completion.

The court adjourned further proceedings until July 20 and ordered that the suspect be produced again at the next hearing.

Islamabad: The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 2,082.49 points, a positive change of 1.12 percent, closing at 187,454.69 points against 185,372.21 points on the last trading day.

During the session, the ready market recorded a trading volume of 888.405 million shares with a traded value of Rs49.981 billion, compared to 815.651 million shares valuing Rs42.634 billion in the previous session. The market capitalization increased to Rs20.986 trillion from Rs20.763 trillion a day earlier.

Out of 495 active companies in the ready market, 296 advanced, 182 declined, and 17 remained unchanged.

TPL Properties topped the volume chart with 66.771 million shares, followed by Lotte Chemical with 42.069 million shares and TPL REIT Fund I with 36.545 million shares.

The top gainers included The Premier Sugar Mills, which increased by Rs71.99 to close at Rs791.92, and Sitara Chemical Industries Limited, which gained Rs41.14 to settle at Rs852.18.

On the losing side, PIA Holding Company LimitedB declined by Rs242.78 to close at Rs18,360.36, while Unilever Pakistan Foods Limited fell by Rs219.57 to close at Rs25,443.93.

In the futures (DFC) market, turnover stood at 148.183 million shares with a traded value of Rs9.272 billion, compared to 133.076 million shares worth Rs7.377 billion in the previous session.

Out of 302 futures-market companies, 193 recorded gains, 105 declined, and four remained unchanged.

Islamabad: Indus River System Authority (IRSA) on Monday released 302,400 cusecs of water from various rim stations with an inflow of 414,900 cusecs.

According to the data released by IRSA, the water level in the River Indus at Tarbela Dam stood at 1480.52 feet, which was 78.52 feet higher than the dead level of 1402.00 feet. Water inflow and outflow in the dam were recorded as 249,700 cusecs and 157,000 cusecs, respectively.

The water level in the Jhelum River at Mangla Dam was 1166.05 feet, which was 116.05 feet higher than its dead level of 1,050 feet. The inflow and outflow of water were recorded as 39,800 cusecs and 20,000 cusecs, respectively.

The release of water at Kalabagh, Taunsa, Guddu and Sukkur was recorded as 226,400, 170,600, 114,200, and 53,400 cusecs, respectively. Similarly, from River Kabul, a total of 54,600 cusecs of water was released at Nowshera, and 41,300 cusecs were released from River Chenab at Marala.

Islamabad: Sardar Mohammad Asif, Deputy Commissioner Capital Development Authority (CDA) and Senior Special Magistrate on Monday reaffirmed his commitment to maintaining close coordination with the business community and assured that his office will remain readily accessible for addressing issues confronting traders and entrepreneurs.

He expressed these views during his visit to the Islamabad Chamber of Commerce and Industry (ICCI) on Monday, where he held a detailed interaction with the chamber leadership and members, said a press release.

Addressing the gathering, Sardar Mohammad Asif said that the business community is the real engine of the national economy, which continues to contribute towards the country’s development with resilience and dedication despite numerous challenges.

He emphasized that all stakeholders must work collectively to transform Islamabad into a model capital city par excellence, equipped with modern civic facilities and a conducive business environment.

He stated that the doors of his office would always remain open for the resolution of issues faced by the business community, adding that stronger collaboration between the civic administration and the private sector would contribute significantly towards sustainable urban development.

Speaking on the occasion, President ICCI Sardar Tahir Mehmood said that the business community and the Capital Development Authority share a special relationship aimed at promoting the development of the federal capital and enhancing trade and investment activities.

He observed that close cooperation between the two institutions is essential to realize the vision of transforming Islamabad into a regional business hub.

He highlighted the significance of cordial relations between ICCI and CDA in making Islamabad a clean, green and attractive city, expressing confidence that this partnership would further strengthen in the coming days to make the capital more vibrant, business-friendly and aesthetically appealing.

Islamabad: Federal Minister for Law and Justice Senator Azam Nazeer Tarar on Monday formally launched the E-Appeal Management System (EAMS) Public Interface Management Dashboard and video-link facility for e-hearings of cases in the Federal Service Tribunal (FST), marking a significant step in the government’s judicial reform agenda aimed at improving access to justice, enhancing transparency, and modernizing judicial administration.

Developed by the Development Wing of the Ministry of Law and Justice under the leadership of Justice (R) Rooh-ul-Amin Khan, Chairman of the Federal Service Tribunal, the web-based EAMS has been deployed across all FST benches nationwide.

The system provides end-to-end digital management of appeals, from registration to disposal, while offering litigants, lawyers, and court officials faster and more convenient access to case-related information through an online dashboard.

The system also introduces video-link facilities connecting the Islamabad, Lahore, Peshawar, Quetta, and Karachi benches, enabling virtual proceedings where appropriate. Officials said the initiative is expected to reduce delays caused by travel, improve the utilization of court time, and lower administrative and logistical costs.

Addressing the launch ceremony, Senator Tarar said the government remained committed to strengthening the justice sector through the adoption of modern technology. He said the digital transformation of the Federal Service Tribunal would improve service delivery, reduce delays in judicial proceedings, and make the justice system more transparent, efficient, and citizen-centric.

The launch ceremony was attended by members of the Federal Service Tribunal, the Joint Secretary of the Ministry of Law and Justice, deputy and assistant attorneys general, members of the legal fraternity, and officials from various ministries, divisions, and government departments. Tribunal camp offices were connected through video link, while lawyers from Lahore, Karachi, and Peshawar also participated remotely.

During the event, Muhammad Javed, Director of the Planning and Development Wing, Ministry of Law and Justice, presented the key features of the EAMS, highlighting its role in ensuring end-to-end digital management of appeals, improving transparency, enhancing procedural efficiency, and facilitating the timely disposal of cases.

He said the initiative reflects the tribunal’s commitment to modernizing judicial administration through the effective use of information technology for the benefit of litigants and the legal community.

Islamabad: Lucky Investments Limited (“Lucky Investments”) has announced the launch of the Lucky Islamic Dividend Yield Fund (LIDYF), an open-end Shariah-compliant equity fund designed to provide investors with competitive Halal returns through investments in dividend-yielding Shariah-compliant listed equities, while offering the potential for long-term capital appreciation.

The fund has been designed to meet the growing demand for Shariah-compliant equity investments that generate sustainable dividend income under the guidance of professional portfolio managers and using prudent risk oversight.

It’s primarily invests in high dividend-paying Shariah-compliant listed companies, aiming to deliver consistent income alongside long-term wealth creation.

The launch further strengthened Lucky Investments’ expanding portfolio of Islamic investment solutions, offering investors a wider range of products tailored to different financial goals and risk profiles.

With the introduction of LIDYF, the company now offered a comprehensive suite of Islamic mutual funds and pension funds covering liquidity management, fixed-term investments, regular income, equity growth, energy sector exposure, retirement planning, and dividend-focused investing.

Commenting on the launch, Mohammad Shoaib, CFA, Chief Executive Officer of Lucky Investments Limited, said, “Lucky Islamic Dividend Yield Fund reflects our commitment to provide investors with innovative, professionally managed Shariah-compliant investment solutions. Dividend-paying equities have historically played an important role in long-term wealth creation, and this Fund enables investors to participate in quality businesses while seeking regular Halal income and capital appreciation through a disciplined investment approach.”

The fund is particularly suited for investors seeking long-term capital growth, consistent dividend income, and enhanced portfolio diversification through investments in high-quality Shariah-compliant listed equities. Investors could conveniently subscribe through Lucky Investments’ nationwide network, digital investor portal, the Lucky Funds mobile application, and the Company’s authorised distribution partners.