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Premier League confirms Man City guilty of serious financial breaches

MANCHESTER: Manchester City face severe sanctions after being found guilty of serious breaches of the Premier League’s financial rules over a nine-season period. Abu Dhabi-backed City were found to have arranged “sham” contracts with a number of commercial partners to artificially inflate the club’s revenues and reduce costs by more than £900 million ($1.2 billion) … Read more

Lahore court grants three-day physical remand of suspect in foreign woman rape case

Prosecution tells court that it is her first physical remand, seeks her custody for investigation LAHORE: A Lahore district court on Wednesday granted police a three-day physical remand of suspect Muskan in a case concerning the alleged gang-rape of a 22-year-old Azerbaijani tourist. A few days earlier, police apprehended three men and confiscated the vehicle allegedly … Read more

PSX gains over 1,600 points as IMF talks lift sentiment

[ KARACHI: The Pakistan Stock Exchange (PSX) maintained a firm upward momentum on Wednesday, with the benchmark KSE-100 Index staying in the green throughout the session amid optimism over a positive outcome from ongoing talks between the government and the International Monetary Fund (IMF) mission.  By 12.38pm, the KSE-100 was hovering at 171,211.36, up 1,610.96 … Read more