Karachi: The Federal Investigation Agency (FIA) has responded to the letter written by Karachi Mayor, Murtaza Wahab, regarding the issue of sealing the Cotton Exchange building. In its response, the FIA made it clear that the Cotton Exchange building was leased out as a federal government property under the orders of the Supreme Court. In the letter, a reference was made to the records of the Waqf Properties Board, stating that the building has been under the ownership of the federal government since August 9, 1963. According to the FIA, the building’s association was collecting crores of rupees every year from 213 lessees, while the documents presented in relation to the lease do not match the available government records. Karachi Mayor, Barrister Murtaza Wahab, had written a letter to the federal authorities stating that the Karachi Metropolitan Corporation (KMC) itself had stamped “fake” on the property ownership documents. The FIA rejected the allegation of one-sided action, stating that the Board’s records show that the association and unlawful lessees were already issued notices. It was further said that the FIA investigations are ongoing, and therefore, controversial statements should be avoided to prevent any interference with the investigation. Following the FIA’s response, the ownership and management of the Cotton Exchange building have once again become a contentious issue, with further developments dependent on the ongoing investigation.
Meanwhile, Sindh Governor, Kamran Khan Tessori, lit the ceremonial fire at the Governor’s House on the arrival of the New Year. Javed Akhtar Oudho was appointed as the new Inspector General of Police, Sindh, and his appointment notification was issued. The police claim to have arrested one person in connection with the aerial firing in Gulshan-e-Maimar, while three people were arrested in Korangi for firing in the air. Pakistan also welcomed the start of 2026, with fireworks displays held in various cities across the country. The Punjab Emergency Services Rescue 1122 has had the most hectic year of 2025. In Karachi, arrangements have been made for traffic police to manage the flow of people heading to the seaside (CVU) on the occasion of New Year. Indian Foreign Minister, Jai Shankar, personally visited Speaker of the National Assembly, Ayaz Sadiq, and introduced himself before saying that he was familiar with his personality. A ban on two-wheeler riding has been imposed up to January 1. In a statement, Prime Minister Shehbaz Sharif said that maintaining regional peace and stability through dialogue and diplomacy is inevitable. The Prime Minister emphasized the need to maintain peace and stability through negotiations and diplomacy. The previous day, the 100-Index closed at 1,74,52 points. This trend is based on a mathematical model presented by German scientist Heinz von Foerster in the 1960s. Pakistani famous model and actress, Sana Javed, has become a controversial figure on social media since her second marriage.
In terms of innovation, 2025 was a historic year worldwide. Yemen’s renowned Quranic scholar and scholar Sheikh Dr. Ali Muhammad Al-Thani passed away suddenly during Quranic lessons, with his last moments captured on camera. Russian President Vladimir Putin has said that Russia is confident of winning the ongoing war against Ukraine.
