Last update: Sun, 26 Jun 2016 11am

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All is set to give K-Electric under the control of Shanghai Powers, Aaj News reported on Saturday. K-Electric will see another change of owner as Shanghai Powers is said to have decided to buy it.
Commercial banks in Pakistan will remain closed from July 1 to 10 excluding Monday July 4. All banks will remain closed on July 1 on account of their annual holiday. They will remain closed on Saturday and Sunday as per weekly holidays. Since government has recommended four days Eid holidays from Tuesday July 5 to Friday July 8, the banks will also remain closed on these four days and then again they will prolong closures for two more days on Saturday and Sunday.
A high-powered committee, tasked to investigate how the Hyderabad Fund Case was taken up with a British law firm by a former High Commissioner without authorisation of the government of Pakistan, has submitted its report to Prime Minister Nawaz Sharif and an action is under way in light of the body''s findings, it was learnt.
Eid-ul-Fitr in Pakistan is likely to fall on July 6, the Director General of the Pakistan Meteorological Department said on Saturday. Speaking to a private TV channel, DG Met Dr Ghulam Rasool said that the moon is expected to appear on 29th of Ramazan. The moon will be first sighted at Balochistan's coastal areas including Pasni and Jiwani.
At least eight Indian paramilitary soldiers and two suspected militants were killed Saturday near occupied Srinagar when a group of armed militants ambushed the soldiers' convoy, police said. Four militants sprayed bullets on the convoy carrying members of India's Central Reserve Police Force (CRPF) near Pampore town, killing five soldiers instantly and wounding 20, inspector general of police for the region, Javaid Gillani, told AFP. A top regional police official said three others succumbed to their injuries later.
US-backed fighters edged further into the Islamic State group stronghold of Manbij on Saturday, threatening a key stop on the jihadists' lifeline from Turkey to their "caliphate" in Syria and neighbouring Iraq. But in the IS-held eastern town of Al-Quriyah, 47 people, most of them civilians, died in Russian and government bombardment, said the Syrian Observatory for Human Rights. Thirty-one civilians were killed in three raids alone, but it was not immediately clear whether the 16 others were civilians or IS fighters, said the Observatory's Rami Abdel Rahman.
China said Saturday that communications with Taiwan had been suspended after the island's new government failed to acknowledge the concept that there is only "one China". Relations between the two sides have grown increasingly frosty since President Tsai Ing-wen won Taiwan's leadership by a landslide in January and took office in May, ending eight years of rapprochement.