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Found 10391 news

  • US-based Coinbase offers trading using Indian rupee
    Dawn - 05:55 Jun 01, 2026
    US-listed cryptocurrency exchange Coinbase is allowing users in India to make trades using the rupee, marking a key expansion of its services in Asia’s third-largest economy. Customers can deposit and withdraw rupees through the so-called immediate payment service channel, the company said on Monday. They will also have access to spot trading across a range of assets, alongside perpetual futures contracts covering major crypto assets, the company said. Coinbase, which had discontinued its services in India in 2023, resumed crypto trading last year after registering with the Financial Intelligence Unit. “India has long been one of the most important markets in crypto: in terms of developer talent, trading activity, and the broader adoption of blockchain technology,” said John OLoghlen, Coinbase’s regional managing director for Asia Pacific. India requires crypto exchanges to comply with its anti-money laundering rules. The country levies a 30 per cent tax on crypto trading gains, among the highest globally, bu...
  • Aleema terms reports of Imran's meeting with ex-army chief 'totally fake'
    Dawn - 05:13 Jun 01, 2026
    Aleema Khan, the sister of PTI founder Imran Khan, on Monday dismissed reports about the former premier’s meeting with an ex-army chief at Adiala jail as “totally fake”. “All the news circulating on social media that a former army chief met Imran Khan in Adiala jail [is] fake,” she said in a post on the social media platform X. She said the claims had been verified with PTI Chairman Barrister Gohar Ali Khan, who also confirmed that “this is totally fake”. “It is disinformation, especially spread to distract from the fact that Imran is being tortured through total isolation,” she said. She added that the claims were an attempt to distract from Imran not being provided proper treatment for his eye condition, not being allowed to speak to his sons, not being provided books for the past six months and not having access to television in his cell. “He has not been allowed contact with anyone from the outside world in the past 6 months, except two visits by his lawyer on the orders of the court,” she said. “There is...
  • Karachi University students’ future in limbo as teachers’ exam boycott drags on
    Dawn - 03:48 Jun 01, 2026
    • Fee structure is on par with private universities but facilities are nowhere near the same standard, laments a student • Kuts admits students are suffering, holds ‘bad administration’ responsible for their woes • Students wonder why CM, Sindh govt remain silent spectators to crisis at country’s largest university KARACHI: Nearly 50,000 students at the country’s largest university have been left in limbo as the teachers’ boycott of semester examinations over what they claimed unpaid dues enters its fourth week, disrupting academic plans and causing growing anxiety among students and their parents. With no clear timeline for the resumption of exams, many students are fearing further delays to the academic calendar, shortened semesters and the loss of their semester break. Lack of response from the provincial government, especially from the chief minister who is the controlling authority of all public sector universities across Sindh, to resolve the dispute has also been criticised. The KU teachers have been b...
  • US House proposal seeks unprecedented military integration with Israel
    Dawn - 03:05 Jun 01, 2026
    WASHINGTON: A provision tucked into the US House of Representatives’ version of the National Defence Authorisation Act (NDAA) for fiscal year 2027 could significantly deepen military cooperation between the United States and Israel, potentially creating Washington’s closest defence partnership with any foreign country. The NDAA is the annual legislation through which Congress authorises defence spending and sets policy priorities for the Pentagon. Before becoming law, the bill must be approved by both the House of Representatives and the Senate, and then signed by the president. At the centre of the current debate is Section 224, titled the “United States–Israel Defence Technology Cooperation Initiative,” which requires the US Secretary of Defence to “designate an executive agent responsible for synchronising cooperative efforts between the United States and Israel, including bilateral defence technology research, development, testing, evaluation, integration, and industrial cooperation.” It outlines expanded...
    Tags: House Israel
  • Islamabad notifies early market closure, again
    Dawn - 02:49 Jun 01, 2026
    ISLAMABAD: The capital’s administration has re-imposed restrictions on market timings, once again mandating their closure by 8pm throughout the week. According to a late-night notification, issued by the Islamabad Capital Territory’s district magistrate, all shops, markets and shopping malls will close at 8pm, while restaurants, tandoors, grocery stores, bakeries, meat, fruit and vegetable vendors are to close shop at 10pm. The notification said that marriage halls, marquees and all other commercial places where festive events are held shall be closed at 10pm. This restriction also applies to events held on private premises. The new timings will come into effect from today (Monday) and remain in force until further orders, the notification said. Published in Dawn, June 1st, 2026
  • Outcry after Dutch police manhandle pregnant woman
    Dawn - 02:40 Jun 01, 2026
    DUTCH police have found themselves in the middle of an online furore after footage of personnel assaulting a pregnant woman went viral on social media. The incident, which took place on May 19 in the town of Zeist, came to light over the weekend after videos circulated online of an officer violently pulling a heavily pregnant woman by the arm, causing her to fall to the ground, according to Dutch outlet RTV Utrecht. The video was filmed inside an asylum seekers’ centre. After she is dragged to the ground, the officer is seen being attacked by a man, who is said to be the woman’s husband. Media reports indicated that the couple was speaking to police after they were called in over a disturbance complaint. According to Al Jazeera, the woman’s husband was detained for smashing a television after learning of the death of his relative in Gaza. The woman said her husband was very respectful to the officers, adding that she was grabbed and forced to the ground after simply asking to accompany her husband to detentio...
    Tags: Dutch
  • Oil industry opposes windfall tax in upcoming budget
    Dawn - 02:01 Jun 01, 2026
    • OCAC demands urgent meeting with PM, seeks his intervention • Calls for release of Rs66bn in withheld PDCs; urges Ogra to settle all claims by June 8 • Labels Level-3 EV charger mandates impractical without wide adoption ISLAMABAD: The country’s oil industry has protested the slow disbursement of their price differential claims (PDCs) against cheaper petroleum product supplies to consumers in early days of US-Iran war and proposed tax on windfall inventory gains in the coming budget. In a letter to the prime minister, Oil Companies’ Advisory Council (OCAC) — a cartel representing around three dozen oil marketing companies and refineries — demanded an urgent meeting on oil industry’s pressing challenges. OCAC Chairman Asif Iqbal said the meeting of leadership of top 10 oil industry players with the prime minister was crucial to discuss the critical issues that are adversely impacting the financial sustainability of the downstream petroleum sector. “The oil industry is currently facing acute liquidity constra...
  • Pakistan's 'resolute response' during May 2025 conflict debunked notion of space for war in South Asia: military official
    Dawn - 20:19 May 31, 2026
    A military official from Pakistan has said that the country’s “resolute response” to India during the May 2025 conflict had effectively debunked the notion of space for war in South Asia. Commander I Corps Lieutenant General Nauman Zakria made these remarks during a special session at the Shangri-La Dialogue in Singapore on Saturday. In May 2025, a four-day conflict between Pakistan and India was sparked by an attack on tourists in occupied Kashmir, which New Delhi, without evidence, linked with Pakistan. Islamabad strongly denied responsibility while calling for a neutral investigation. After New Delhi launched deadly air strikes in Punjab and Azad Kashmir on May 7, Pakistan said it downed five Indian planes in air-to-air combat, later raising the tally to eight. After tit-for-tat strikes on each other’s airbases, it took American intervention on May 10 for both sides to finally reach a ceasefire. Speaking at the Shangri-La conference, Lieutenant General Zakria said strategic stability in South Asia remained...
    Tags: South Asia
  • Sharjeel Memon criticises Irsa's 'unjust reduction' of Sindh's water share, urges Centre to take notice
    Dawn - 20:06 May 31, 2026
    Senior Minister Sharjeel Inam Memon on Sunday urged the federal government to take notice of Indus River Systems Authority’s (Irsa) “unjust reduction of Sindh’s share” and ensure that Sindh received its rightful share of water. A 22 per cent water shortage has been persisting in Sindh for around the last 10 days as Irsa continues its efforts to “equalise shortages between Punjab and Sindh”. “We are adjusting excessive use [of water] by Sindh and trying to equalise shortages between the two provinces by June 10. Secondly, water position is not satisfactory in rivers. Now with the increase in temperature, it is hoped that we will be able to increase water releases shortly afterwards,” Irsa Director Operations Khalid Idrees Rana earlier told Dawn. But Sindh Senior Minister Memon posted on X that Irsa’s “continued disregard for Sindh’s legitimate concerns and the unjust reduction of Sindh’s share under the guise of ‘shortage equalisation’ is unacceptable and contrary to the spirit of the 1991 Water Apportionment ...
  • 'Strict action' taken, says power minister after Khawaja Asif's claim of Lesco employees' corruption
    Dawn - 20:02 May 31, 2026
    Power Minister Awais Leghari on Sunday said that “strict action” had been taken against a Lahore Electric Supply Company (Lesco) line superintendent after Defence Minister Khawaja Asif complained of financial corruption. In an X post on Saturday, Asif said he had sought a former official’s help for the repair of a transformer in his domestic employee’s village. The minister alleged, “[Lesco] employees took Rs80,000 to repair the transformer. The villagers collected donations to pay the Lesco employees, but they were not given a receipt. “You can imagine the rest. This happens even when a former power minister, who is currently a cabinet member, intervenes. What will be a common consumer facing?” He reiterated that while the villagers had paid the amount, “Lesco refuses to give them a receipt”. Addressing a press conference in Islamabad today, Leghari referred to Asif’s statement and said, “The tweet is a source of pride for us as we believe in self-accountability.” He added that “strict action” has been taken...
    Tags: Lesco
  • Karachi faces 54 MGD water shortage after electricity supply to NEK Pumping Station suspended: KWSC
    Dawn - 19:12 May 31, 2026
    The Karachi Water and Sewerage Corporation (KWSC) said on Sunday that the city was facing a shortfall of 54 million gallons per day (MGD) after electricity supply to North East Karachi Pumping Station was disrupted due to a fault in K-Electric’s main cable. It also warned that this shortfall could increase if the cable was not repaired. The KWSC’s latest announcement came a day after an emergency power shutdown at the Dhabeji Pumping Station disrupted the water supply to several parts of the city. “Electricity supply by K-Electric (KE) to North East Karachi (NEK) Pumping Station was abruptly suspended at 3:27am on May 31, 2026. As a result, K-II pumping station’s operations were affected, and the water supply system was also partly affected,” KWSC said in a statement. The statement added that KE sent a technical team after being contacted by the KWSC. “KE officials confirmed that the power supply was cut off due to a fault in the main cable supplying electricity to the K-II pumping station,” it said, adding t...
    Tags: KWSC
  • Punjab approves deployment of 6,000 police personnel in GB for election
    Dawn - 19:02 May 31, 2026
    RAWALPINDI/ ISLAMABAD: Six thousand Punjab police personnel are being deployed in Gilgit-Baltistan ahead of the June 7 election, it emerged on Sunday as the PTI reiterated its allegations of pre-poll rigging. Punjab authorities had initially approved the deployment of 5,000 personnel to GB and later gave the nod for the deployment of 1,000 more police personnel. The approval for the first 5,000 was notified in a memo by the Punjab assistant inspector general (operations), which stated: “5,000 police personnel have been placed at the disposal of Gilgit-Baltistan police for election security duty. According to the memo, the Punjab police personnel will be equipped with anti-riot gear, and each bus used for their travel to GB will be escorted by four armed police personnel. It said the motor transport department’s senior superintendent of police would make transport arrangements and select buses in good condition with fitness certificates for the purpose. The drivers deputed to transport the police personnel to ...
    Tags: Punjab
  • 'No sufficient outcome' yet of talks to secure discounts from Chinese power producers: Leghari
    Dawn - 16:33 May 31, 2026
    ISLAMABAD: Power Minister Awais Leghari said on Sunday that there had been “no sufficient outcome” of talks to secure discounts from Chinese power producers thus far, unlike over Rs3.5 trillion in savings secured through revised agreements with other independent power producers (IPPs) and public sector plants. In March, the government had informed a parliamentary panel that about Rs3.5tr in savings had been secured through revisions to power purchase agreements with 29 private and some state-owned power plants, spanning their three to 20-year terms. The move was aimed at reducing electricity rates. When Leghari was asked about negotiations with IPPs set up under the China-Pakistan Economic Corridor (CPEC) for tariff rationalisation during a press conference on Sunday, he said, “Sufficient outcome has not come out yet.” The minister explained that CPEC-related IPPs were set up under a framework. Under that framework, “we have been trying for concessions in the form of debt-reprofiling, but sufficient results h...
    Tags: Chinese
  • Israel captures Lebanon's medieval Beaufort Castle in 'deepest incursion in 26 years'
    Dawn - 12:55 May 31, 2026
    Israel captured the medieval fortress on Beaufort in Lebanon on Sunday as it warned Lebanese civilians to flee a large area of the south of the country ahead of a stepped-up ground offensive. The Associated Press noted that Israel’s capture of the 900-year-old Beaufort Castle and its strategic ridge in southern Lebanon was Israel’s deepest incursion into the country in 26 years. Shelling was audible and smoke rose from the surrounding area as the invading army’s banner was seen by AFP above the castle, which Israeli forces famously used as a base during their previous two-decade-long occupation. Israeli Defence Minister Israel Katz said troops had captured the historic strongpoint, which commands sweeping views of south Lebanon, as they expanded their ground operations, which Lebanon’s prime minister has condemned as a “scorched earth” policy. “Forty-four years after the heroic Battle of Beaufort, and on this day commemorating the soldiers who fell in the First Lebanon War, our troops have returned to the sum...
    Tags: Israel Beaufort Castle
  • 'Fake news': MNA Ali Musa Gilani denies reports of his deportation from UAE
    Dawn - 12:26 May 31, 2026
    MNA Ali Musa Gilani on Sunday denied reports of his deportation from the United Arab Emirates (UAE), terming them “fake news”. “I was not deported at all, it’s fake news! I travelled as per schedule and returned as per schedule,” Musa, son of Senate Chairperson Yousaf Raza Gilani posted on X in response to a claim of his deportation. It was made in a post shared by former Pakistan Institute of Development Economics vice chancellor Nadeem Haque, who commented: “Seriously. We are so devalued. The Pakistani passport seems to have no value. So much for our valuable democracy.” Reiterating his dismissal of the deportation reports in a second post, Musa said: “Let me assure people with official passports that the government of the UAE is upholding the agreement to the letter and spirit. The fake news circulating regarding deportation is FAKE.” He also posted a photo of himself, which he said was from his “recent trip”. Referring to the post shared by Haque — which has now been deleted — he tagged the National Cyber...
    Tags: MNA Ali Musa Gilani
  • Expensive AI binge leaves companies balking at soaring bills
    Dawn - 12:18 May 31, 2026
    Artificial intelligence is getting expensive — and companies are starting to rethink their embrace of the disruptive technology. Playing by a well-worn Silicon Valley playbook, AI companies charged rock-bottom prices to hook customers after ChatGPT burst onto the scene. Kevin Simback of startup incubator Delphi Labs calls it the era of “subsidised intelligence” — meaning investors were basically footing the bill so companies could offer AI on the cheap. “But the tides are beginning to turn,” Simback warned and an era where the big AI companies actually need to make money has begun — with leaders OpenAI and Anthropic looking to go public and attract main street investors later this year. Prices are rising across the board, and one big reason is AI agents. Unlike a chatbot that just answers questions, agents actually do things — book appointments, write code, manage files. And they’re expensive to run, because one task can spin up dozens of agents all working at once, each racking up charges. Those charges are ...
  • Trump claims Iran agreed to no nuclear weapons amid reports of 'tougher' terms sent to Tehran
    Dawn - 11:40 May 31, 2026
    United States President Donald Trump said he had secured guarantees from Iran that it would not develop nuclear weapons, as reports emerged he had sent a tougher peace proposal back to Tehran. Any tweaks to the proposal could prolong even further an agreement to formally end the Middle East war and open the Strait of Hormuz maritime route after weeks of efforts to secure a deal despite fractious rhetoric and the occasional flare-up of armed conflict. The New York Times and Axios media outlets reported on Saturday that Trump had sent back a new framework to be considered by Iran with “tougher” terms, though it was not immediately clear what that entailed. Trump has said his priorities for any deal include stopping Iran from any nuclear weapon development and re-opening the blockaded Strait of Hormuz. “The one guarantee that I have to have is that there will be no nuclear weapons. They’ve agreed to that, and it was very interesting,” he told his daughter-in-law Lara Trump in an interview broadcast on her Fox Ne...
    Tags: Iran Trump Tehran
  • Mayor Wahab says construction work near Karachi's Hill Park halted; MQM-P demands probe into 'NOC'
    Dawn - 11:28 May 31, 2026
    KARACHI: Mayor Murtaza Wahab on Sunday said construction work around Karachi’s Hill Park had been halted, while the opposition Muttahida Qaumi Movement-Pakistan (MQM-P) demanded that the PPP-led Sindh government investigate the matter. Spread over 62 acres and located in PECHS, Hill Park was built in the early 1960s and is one of the largest parks in the city. In a statement issued on Saturday night, a Karachi Metropolitan Corporation (KMC) spokesperson said that the construction work was halted a week ago following a public complaint. Confirming this during his media talk on Sunday, Wahab clarified that the KMC had not “auctioned or allotted any land to anyone”. He recalled that a week before Eidul Azha, he received a complaint, following which he sent a KMC team to the area. “I instructed them that if the construction is taking place within the KMC land, then proceed with demolition,” he said. “Not even an inch of KMC land has been allotted,” the mayor reiterated, dismissing MQM-P’s claims of granting permi...
    Tags: Hill Park MQM-P
  • Travellers visiting Babusar Top urged to exercise caution due to snowfall
    Dawn - 09:03 May 31, 2026
    The district authorities in Khyber Pakhtunkhwa’s Naran have issued a travel advisory for Babusar Top, urging tourists, travellers, and transport operators to exercise caution and avoid unnecessary travel due to persistent snowfall and hazardous road conditions. The district administration, with a special travel advisory on media platforms, stated that ongoing snowfall across the region is expected to create severe difficulties for travellers. It urged all visitors to verify weather updates before planning any movement towards the mountain pass. According to the advisory, traffic on the Babusar Top route and adjoining areas has been significantly disrupted by continuous snow accumulation, with certain stretches currently restricted to one-way passage only. Officials cautioned that travel along the route becomes extremely hazardous after 6pm due to rapidly worsening snowfall intensity and sharply reduced visibility conditions. They further highlighted that icy surfaces, mechanical brake failures, glacial moveme...
    Tags: Babusar
  • Meteor explodes over US with blast equivalent to 300 tonnes of TNT
    Dawn - 08:40 May 31, 2026
    A meteor crashing toward Earth exploded over the northeastern United States on Saturday, Nasa said, setting off booms that echoed over the region with a blast equivalent to 300 tonnes of TNT. The fireball broke up over northeastern Massachusetts and southeastern New Hampshire at 2:06pm (11:06pm PKT), the US space agency’s deputy news chief Jennifer Dooren told AFP in a statement. “This fireball was not associated with any currently active meteor shower, but it was a natural object and not a re-entry of space debris or a satellite,” she said. “The energy released at breakup is estimated to be equivalent to about 300 tonnes of TNT, which accounts for the loud booms.” The meteor was travelling at 75,000 mph (more than 120,000 kph) at an altitude of 40 miles when it broke apart, Dooren said. Area residents were alarmed by the unexpected loud booms, with social media users reporting they were so powerful that houses were shaking. In 2013, a fireball streaked above Chelyabinsk, Russia. The house-sized space rock bl...

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