International News
Shehbaz government to scrutinise Imran’s assets, income
After ousting Imran Khan from power and tackling his claims of corruption against opposition party leaders, the incumbent government of Pakistan Prime Minister Shehbaz Sharif has decided to scrutinise the legality and value of the former premier’s assets and income.
As per sources, the federal government has decided to launch a thorough inquiry and scrutiny of Khan’s assets and income, including details of at least four of his employees, who are under the payroll of Pakistan Tehreek-e-Insaf (PTI) and dig deeper into finding irregularities, which may be used to book the ousted leader on assets beyond means, undeclared income and illegal inflow of huge sum of funds from unknown sources and accounts.
The four PTI employees are Tahir Iqbal, Muhammad Noman Afzal, Muhammad Arshad and Mohammad Rafique.
“Records of huge sums of money into the private accounts of four PTI employees are being sought from the SBP and arrests will also be made in the light of the evidences,” an informed source said about the development.
“Forensic examination of records will be carried out by independent auditors while FIA (Federal Investigation Agency) and FBR (Federal Board of Revenue) will take action by obtaining records at their respective levels.”
The government has also decided to extend the scrutiny of Khan and his party’s funding to foreign countries, from where, huge funds have been allegedly sent to various PTI accounts and members.
“The government has decided to write a letter to the International financial institutions for the record of PTI and Imran Khan’s international bank accounts,” the source said.
PTI is currently under scrutiny on charges of foreign funding from countries, including India and Israel. A case was filed by one of its founding members with the Election Commission of Pakistan (ECP) seeking a ban on the political party and also put Khan to trial for getting foreign funding for his campaigns.
“The record of PTI foreign funding from 2013 to 2022 is also being sought,” the source revealed.
The Pakistan government had reached a data exchange agreement with the International financial institutions was reached during the tenure of former Finance Minister Ishaq Dar and the same will be used to take action in the current scrutiny process.
“Under the agreement, FBR has the legal authority to take records from foreign banks,” the source confirmed.
Khan’s income will also be scrutinised and any irregularity or illegality will be checked.
It seems that after Khan’s three and a half years in power and consistent pursuit to book the Sharif and the Zardari families under charges of illegal assets beyond means and financial crimes, the former Prime Minister is now facing the same challenge by his political archrivals in power.
Business
PM Modi’s visit results in India-UAE defence, energy pacts, $5 billion investment deal

New Delhi, May 15: India and the United Arab Emirates signed key agreements, during the visit of Prime Minister Narendra Modi on Friday, on a framework for the bilateral strategic defence partnership, the supply of LPG and strategic petroleum reserves, and an investment to the tune of $5 billion US dollars in Indian Infrastructure and RBL Bank and Samman Capital.
An agreement was also signed for setting up a ship repair cluster at Vadinar.
Speaking during delegation-level talks in Abu Dhabi, Prime Minister Narendra Modi said, “India stands shoulder-to-shoulder with the UAE in every situation, and it will continue to do so. For the restoration of peace and stability, India will extend all possible cooperation.”
He said it was important that the Strait of Hormuz remains “free and open” and added that international laws must be respected.
The Prime Minister thanked UAE President Mohamed bin Zayed Al Nahyan for strengthening the India-UAE comprehensive strategic partnership and said bilateral cooperation had gained greater importance in the current global situation.
PM Modi said both sides had agreed during the UAE President’s January visit to India to qualitatively upgrade relations and had already made significant progress in a short span.
“I extend heartfelt gratitude to you for taking our comprehensive strategic partnership to new heights. During your visit to India in January, we agreed to qualitatively upgrade our relations. Even in such a small duration, we have made significant progress in all matters. In the kind of situation we have at hand today, the importance of India-UAE strategic cooperation has vastly increased. In the time to come, we will go ahead together in every area,” he observed.
PM Modi said the impact of the conflict in West Asia was being felt globally and stressed that dialogue and diplomacy remain the best way to resolve issues.
The Prime Minister arrived in the UAE earlier in the day and received a ceremonial welcome. Later, he held bilateral talks with UAE President Mohamed bin Zayed Al Nahyan, popularly known as MBZ.
Prime Minister Narendra Modi began his five-nation tour from May 15 to 20, covering the UAE, the Netherlands, Sweden, Norway and Italy. The visit aims to deepen India’s strategic and economic partnerships across key sectors, including energy, defence, technology, green transition and trade.
International News
EAM Jaishankar meets Iranian FM Araghchi, reviews West Asia situation

New Delhi, May 15: External Affairs Minister (EAM) S Jaishankar on Friday met his Iranian counterpart Seyed Abbas Araghchi in New Delhi, where the two leaders exchanged views on the evolving situation in West Asia and its wider implications, along with bilateral matters of mutual interest.
EAM Jaishankar also welcomed Araghchi’s participation in the BRICS Foreign Ministers’ Meeting being hosted in New Delhi under India’s 2026 chairship.
Following the meeting, EAM posted on X : “Had a detailed conversation with FM Abbas Araghchi of Iran this morning in Delhi. Discussed the situation in West Asia and its implications. Also exchanged views on bilateral issues of mutual interest. Appreciate his participation in BRICS India 2026.”
Earlier on Thursday, Prime Minister Narendra Modi also met Iranian Foreign Minister on the sidelines of the BRICS Foreign Ministers’ Meeting in New Delhi.
The meeting marked the first high-level diplomatic engagement involving India since the Iran war began.
Meanwhile, EAM Jaishankar on Thursday highlighted the fragile security environment in West Asia, stating that the persistent tensions in the region, along with threats to shipping routes and energy infrastructure, remain a matter of global concern.
Delivering the national statement at the BRICS Foreign Ministers’ Meeting in New Delhi under India’s 2026 chairship, the EAM said, “The conflict in West Asia merits particular attention. Continuing tensions, risks to maritime traffic, and disruptions to energy infrastructure highlight the fragility of the situation. Safe and unimpeded maritime flows through international waterways, including the Strait of Hormuz and the Red Sea, remain vital for global economic well-being.”
He also reaffirmed India’s “strong commitment” to the purposes and principles of the United Nations Charter.
“Respect for sovereignty and territorial integrity must remain the foundation of international relations. Dialogue and diplomacy are the only sustainable means of resolving conflicts,” the EAM said.
In his address at the BRICS Foreign Ministers’ Meeting on Thursday, Araghchi urged the global community to condemn “violations of international law” by the United States and Israel and take action against “warmongering”, thereby bringing an end to the impunity of those who violate the UN Charter.
He stated that Iran has been subjected to “brutal and unlawful aggression” by the US and Israel.
“The attacks on my people have been justified with false claims that run counter to the informed assessments of the International Atomic Energy Agency and even America’s own intelligence community. The truth is that Iran — like many other independent nations — is the victim of illegal expansionism and warmongering. These are ugly things which have no place in today’s world,” the Iranian Foreign Minister stated.
Marking Tehran’s first high-level diplomatic outreach since the conflict in West Asia began, Araghchi arrived in New Delhi on Wednesday for a three-day official visit.
The escalating tensions in West Asia have also rattled global energy markets, with oil and gas prices surging after Iran effectively blocked the Strait of Hormuz — the strategic shipping corridor between the Persian Gulf and the Gulf of Oman that carries nearly 20 per cent of the world’s oil and LNG (liquefied natural gas) supplies.
International News
‘Unacceptable’: India condemns attack on Indian-flagged ship off Oman coast

New Delhi, May 14: The Ministry of External Affairs (MEA) on Thursday strongly condemned the attack on an Indian-flagged cargo vessel off the coast of Oman, describing the incident as “unacceptable” and expressing concern over continued attacks on commercial shipping and civilian mariners in the region.
According to reports, the Gujarat-owned cargo ship MSV Haji Ali sank after it was struck by what preliminary reports described as a drone or missile-like projectile on May 13 while sailing through Omani waters.
The vessel was travelling from Berbera Port in Somalia to Sharjah when the incident occurred.
In an official statement, the MEA said, “The attack on an Indian-flagged ship off the coast of Oman yesterday is unacceptable, and we deplore the fact that commercial shipping and civilian mariners continue to be targeted.”
The Ministry also confirmed that all Indian crew members onboard the vessel were safe and thanked the Omani authorities for carrying out the rescue operation promptly.
“India reiterates that targeting commercial shipping and endangering innocent civilian crew members, or otherwise impeding freedom of navigation and commerce, should be avoided,” the statement added.
Teams from the Oman Coast Guard launched a swift rescue operation and safely evacuated all 14 crew members despite the ship catching fire after the strike, according to several local media outlets.
The vessel reportedly became stranded off the Omani coast at around 3:30 a.m. (local time), according to the ship’s owner, Sultan Ahmed Ansar, who is a resident of Dwarka in Gujarat.
The incident comes amid heightened tensions in the region and renewed concerns over the safety of international maritime routes and commercial vessels operating in West Asian waters.
The crisis in West Asia erupted following the US-Israel joint strikes against Iran on February 28. Iran’s former Supreme Leader Ayatollah Khamenei was killed during these strikes.
Tehran retaliated with a series of attacks against Israel and US military bases in the Gulf nations. This triggered a wider crisis in the Gulf region as Iran announced blocking the Strait of Hormuz.
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