Epaper_23-05-27 KHI

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PAKISTAN TO PUNISH MAY 9 ARSONISTS AS US DID TO CAPITOL RIOTERS, SAYS PM

g CALLS DESECRATION OF MARTYRS MEMORIALS, INSTALLATIONS DARKEST CHAPTER IN NATION’S HISTORY

KARACHI S TA F F R E P O R T

PR I M E Minister (PM) Shehbaz Sharif on Friday said that no one should object if the government of Pakistan punished the arsonists of May 9 as per law the way the United States had done to its citizens for storming the Capitol building on January 6, 2021

“Today, in the city of Quaid, we all are ashamed of what happened on May 9 in Lahore Justice requires to punish the perpetrators like the rioters of the Capitol building on January 6 2021 If that punishment was legal then no one should object if we do so under our law for the desecration of our martyrs, the PM said

Addressing the groundbreaking ceremony of K-IV water supply project here the PM said the politics of political chaos culminated on May 9 in the form of the desecration of the nation s martyrs Ghazis and security installations

He said the strings of the May 9 riots were attached to abroad and that the desecration of martyrs and installations on the instigation of Imran Khan was the darkest chapter in the nation s history

Recalling his recent interaction with the family members of martyrs, the PM said their dear ones had rendered sacrifices for the country but the arsonists desecrated their monuments

The prime minister said the person who always blamed others for plunders had resorted to arsons when arrested on charges of corruption

What kind of politics is this, he questioned and said no political leader in the past ever instigated an attack on Jin-

g SAYS COALITION GOVERNMENT COPED WITH HUGE CHALLENGES

of chaotic politics which culminated on the darkest day of May 9

Committing to revive Pakistan s lost grandeur, the prime minister lamented the unnecessary delay in the K-IV project that was meant to provide drinking water to millions of the Karachi people

Prime Minister Shehbaz asked the relevant ministries to provide uninterrupted funding to ensure project s completion without further delay

He said the project was most important” for him because the people of Quaid’s city, were deprived of the drinking water despite it being a city with the highest revenue generation and taxation

The prime minister assured that he would put the project at top priority in the upcoming budget and provide maximum funds for its early completion

‘Interference in judiciary’s affairs’: SC suspends Audio leaks commission notification

ISLAMABAD S TA F F R E P O R T

The Supreme Court (SC) on Friday stopped the proceedings of the judicial commission constituted to probe audio leaks and suspended the notification issued by the federal government regarding the judicial commission

The Chief Justice of Pakistan Umar Ata Bandial observed that formation of the government-appointed judicial commission to probe audio leaks surfaced on social media over the last few months interfered in the judiciary s internal matters

The top judge passed these remarks as a five-judge bench heard a set of four petitions moved by Supreme Court Bar Association (SCBA) President Abid Shahid Zuberi SCBA Secretary Muqtedir Akhtar Shabbir

PTI Chairman Imran Khan and Advocate Riaz Hanif

Rahi seeking to declare the constitution of the audio commission illegal

The bench comprised CJP Bandial, Justice Ijazul Ahsan, Justice Munib Akhtar, Justice Syed Hasan Azhar Rizvi and Justice Shahid Waheed

nah House or military installations despite having faced many difficulties

He said the leaders of MQM and PPP – both representing Sindh – gave a message of national unity which was a must

for national development

He said the coalition government coped with huge challenges through collective wisdom, including floods, inflation, IMF and also the nefarious designs

Foreign Minister Bilawal Bhutto Zardari said the prime minister was keenly focusing the development of Sindh particularly Karachi

Imran can be tried in militar y cour ts: Sanaullah

ISLAMABAD: Interior Minister Rana Sanaullah said Friday that Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan’s possible trial in connection with the May 9 mayhem falls under the jurisdiction of military courts

In a presser he said the Pakistan Army Act was applicable to all those who entered sent other people or abetted those who entered restricted areas

Sanaullah said the Pakistan Army Act and the Official Secrets Act were applicable to activities in military areas The Jinnah House is the residence of the [Lahore] corps commander and his camp office Many sensitive items were also present in Jinnah House ” The minister was referring to the attack on the Jinnah

Jahangir Tareen decides to establish new political par t y

LAHORE

S TA F F R E P O R T

After remaining out of the scene Pakistan Tehreek-eInsaf s (PTI) estranged leader Jahangir Khan Tareen has decided to form a new national-level political party”, sources privy to the development told

According to the sources PTI leaders upset with the party are also expected to join the new setup Apart from those many political families from Dera Ghazi Khan Rajanpur Muzzafargarh Lodhran and Multan are expected to join hands with Tareen

The sources claimed that many important leaders from Sindh, Khyber Pakhtunkhwa and Balochistan have also contacted the former PTI leader Sources shared that Tareen will be patron-in-chief of the party Tareen was the secretary general of the PTI before he was ousted from politics in 2017 after the Supreme Court disqualified him for being dishonest on a petition filed by Pakistan Muslim League-Nawaz (PMLN) leader Hanif Abbasi Abbasi had approached the Supreme Court seeking the disqualification of PTI Chairman Imran Khan and Tareen However despite the disqualification Tareen remained part of PTI and was crucial in wooing independent lawmakers to join the Imran Khan-led party after the 2018 elections His efforts proved critical as they helped Khan secure the prime ministership in 2018

But after coming to power Tareen and PTI leader Aleem Khan s relationship with the PTI turned sour

In May 2022 the former prime minister revealed the reason behind his differences with both leaders and said that both were seeking illegal benefits from him

Speaking during a podcast, Khan claimed that differences with both estranged leaders developed when he refused to entertain their requests

“Aleem Khan expected me to legalise his 300-acre land near Ravi Khan said adding from then onwards I developed differences with him

While talking about Tareen, Khan said: Tareen stood with those who are the biggest dacoits in the country

When I ordered a probe into the matter [sugar scandal], differences developed with Tareen ”

House by enraged PTI workers on May 9 following Khan s arrest in the Al-Qadir Trust case During the days-long protest, private and public properties were vandalised in cities across the country and PTI workers also attacked military installations including the Jinnah House and the General Headquarters (GHQ) entrance The military has dubbed May 9 a Black Day and insisted that all those involved in the vandalism of military installations would be tried under the Pakistan Army Act and the Official Secrets Act Chief of Army Staff General Asim Munir has said the legal process in this regard has been started

Trials under Army Act justified as May 9 riots planned, not spontaneous: Defence Minister

Defence Minister Khawaja Asif has defended the government s decision to try civilians in military courts, calling their alleged attacks on state installations during May 9 protests an “act of rebellion against the state”

In an interview with Al Jazeera on Wednesday Asif said that the arrests of thousands of civilians over protests sparked in the aftermath of Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan’s arrest were justified He alleged that army installations were intentionally targeted

These people attacked their [the military s] offices They attacked their houses They attacked their installations, such as air bases ” Asif said in an interview on Wednesday They planned it

It was not spontaneous You must understand the gravity of the offence, the gravity of events which took place

Violent protests sparked across the country on May 9 after former premier Imran Khan was arrested from the premises of the federal capital s high court

The government later launched a massive crackdown against PTI leaders and workers, and rounded up thousands of people on charges of attacking civil and military installations

As the crackdown intensified

dozens of PTI leaders – including close confidants of Imran Khan –started jumping ship in what was described by the PTI chief as forced divorces

Later, the country s civil and military leaders on May 17 endorsed a decision made a day earlier during a meeting of corps commanders to invoke the Pakistan Army Act 1952 and the Official Secrets Act 1923 against people involved in the May 9 riots

On May 20, the federal cabinet also approved the decision to try the rioters under the Army Act and the Official Secrets Act

However the government has come under fire as human rights groups have been outraged by the decision to hand over civilians to military courts

The Human Rights Commission of Pakistan (HRCP) strongly opposed the use of military laws to try civilians saying that while those responsible for arson and damaging public and private property during the recent protests should be held to account they remain entitled to due process”

When passed in 1952 the Army Act was primarily used to put military personnel on trial before military courts Later amendments also allowed civilians accused of certain offences to be tried by military courts

If convicted by a military court defendants have the right to file an appeal within 40 days be-

fore a military court of appeal If the defendants still think they did not receive a fair trial they may appeal to the high court in the jurisdiction in which they were tried

Decision to ban PTI will be made in parliament: On the other hand, Federal Defense Minister Khawaja Muhammad Asif said that PTI rioters crossed red lines on May 9 in a way that was never seen before in the history of Pakistan

Talking to the media on the occasion of his visit to Lahore Corpse Commander House (Jinnah House) he said the events that happened on May 9 across the country have suggested that it was a kind of coup

Khawaja Asif reiterated the decision to ban the PTI would be made in parliament after consultation with coalition parties

Asif doubted that the public reaction always ensues spontaneously He said that it was a planned attack on military installations “It was a revolt against the state There was no response to when someone attempted to murder Imran Khan Across the worlds there have been instances of attacks on civilian installations, but never has it happened that you attack and disrespect your martyrs’ memorials ” he maintained

He questioned that there was no such reaction when Imran Khan was shot so why did it happen upon his arrest?

The commission, headed by Justice Qazi Faez Isa, was formed on May 20 under Section 3 of the Pakistan Commission of Inquiry Act 2017 and is required to conclude the task within a month Balochistan High Court Chief Justice Naeem Akhtar Afghan and Islamabad High Court Chief Justice Aamer Farooq are also included in the commission which will have “all the power to fix responsibility against the delinquents for their alleged role behind phone tapping and could exercise authority to constitute special teams consisting of experts or form an international team and seek international cooperation or exercise powers under the Criminal Code of Procedure

In its ruling, the top court stopped the proceedings of the audio leak commission and issued notices to the parties The top court will resume the hearing of the petitions on May 31 the written verdict read

The notification regarding the audio leak commission issued on May 19 was also suspended by the SC

The order read that the constitution of the inquiry commission was challenged in four petitions filed in the Supreme Court During the hearing the attorney general raised objections to the bench s constitution in the initial arguments

The attorney general also raised objections to the inclusion of the chief justice in the bench The order read that it is a constitutional requirement to seek permission from the chief justice prior to acquiring the services of a judge

It further stated that two judges included in the inquiry commission were chief justices of high courts

The federal government constitution the commission without seeking permission from the chief justice and violated the constitutional principle, whereas, the constitution process was also suspicious

Earlier in the day the Pakistan Electronic Media Regulatory Authority (Pemra) sent transcripts of nine alleged audio leaks to the judicial commission for investigation

During the hearing, the CJP said that there were errors in the notification issued by the government for the formation of the commission

“The Constitution gives complete freedom to the judiciary he remarked The investigation that was supposed to be conducted by the institutions was entrusted to judges Justice Bandial further said, We have no other structure but the power of morality and justice After two-hour-long proceedings, the court reserved its verdict on the petitions and said that an appropriate order would be issued today

The hearing

Babar Awan appeared on behalf of the PTI chairman while SCBA President Abid Shahid Zuberi and Secretary Muqtedir Akhtar Shabbir were also present alongside Advocate Riaz Hanif Rahi

At the outset of the proceedings AGP Awan came to the rostrum and objected to the five-member larger bench hearing the case

At this the CJP remarked How can the government select judges of the Supreme Court [to serve] its own purpose?

“Attorney general sahib, this is a matter concerning the judiciary’s independence Enough is enough attorney general sahib take a seat ” CJP Bandial said

He said that the government cannot have judges included in benches as per its wishes He further said that because of the events of May 9, when violent protests broke out in the country following the arrest of the PTI chief, statements that were critical of the judiciary had stopped

“Don’t interfere with our administrative powers ”

Justice Bandial told the AGP We have complete respect for the government he said adding that the judiciary was the protector of basic human rights

No let-up in sight as Abrarul Haq, Saifullah Nyazee, Raas also quit PTI

LAHORE/ISLAMABAD

Pakistan Tehreek-e-Insaf (PTI) continues to suffer the fallout of events unfolded after May 9 as on Friday more top leaders including Abrarul Haq, Saifullah Nyazee, Murad Raas and Firdous Ashiq announced their decision to part ways with the party

During a press conference Abrarul Haq stated that his upbringing was rooted in both political and military households where reciting the Quran and studying Iqbal s Bang-e-Dara and Bal-e-Jibrail were essential

He mentioned that Rashid Minhas

Shaheed and Major Aziz Bhatti Shaheed were his heroes

He emphasised the emotional connection he has with the armed forces and martyrs When I went to the Kaaba for Hajj instead of praying for something else, I prayed for martyrdom The passion to do

something for Pakistan has always been with me,” he added

Haq stated that everyone condemned the May 9 incident and his colleagues can tes-

tify that he strongly criticised the events on the same day of the riots

He explained that the purpose of entering politics was to carry out significant social work that would benefit the people However, he added that the dream of doing social work in politics seemed unattainable now

Why waste more time if it doesn t contribute to serving the people effectively? Social work is so important to me that I am willing to leave politics for it

He emphasised that every Pakistani should prioritise Pakistan above all else

“This country is full of resources and there is much we need to do I hereby announce my complete detachment from all forms of politics he added He demanded the immediate release of

innocent workers and appropriate punishment for the wrongdoers During the press conference, Abrarul Haq also sang a patriotic song in support of the Pakistan Army Meanwhile in a separate press conference another PTI leader Senator Saifullah Nyazee also announced that he was leaving the former ruling party “Today, I am announcing my departure from PTI I need to focus on my health,” he said condemning the events of May 9 Nyazee further said that Islam does not permit causing harm to public properties

Violent protests sparked across the country on May 9 after the former premier was arrested from the premises of the federal capital’s high court

The government later launched a massive crackdown against PTI leaders and workers and rounded up thousands of people on charges of attacking civil and military installations On the other hand, addressing a press

conference in Lahore on Friday, Raas said no amount of condemnation was enough for what happened on May 9 “We never thought we would part ways with the party ” he said alongside other leaders including Pir Ahmad Khagga Raja Yawar Kamal and Chaudhry

Adnan He laid the blame for the party s current predicament facing intense criticism with scores of leaders and thousands of workers arrested across the country following the riots on Khan’s advisers in Lahore We do not believe in the PTI s politics of violence the former provincial minister said Raas said he and other politicians present at the press conference had decided to form a group so work on Pakistan’s progress could continue Earlier today another PTI leader and former special assistant to Punjab chief minister Firdous Ashiq Awan also announced her exit from the party Firdous Ashiq Awan became the latest

senior PTI leader to announce her decision to distance herself from the party, adding her name to the long list of members who have deserted the former ruling party post-May 9 Addressing a press conference in Islamabad she cheekily said good to see you saying that the phrase had become the talk of the town She told reporters that she had decided to leave the party under the pretenses that PTI chief Imran Khan’s agenda had become “detrimental for the nation”

My politics centres around serving humanity she said adding that this was the reason I had joined the PTI I took on a responsibility to work for the betterment of this country,” she continued

P M S H E H B A Z U R G E S F O R I N N O VAT I V E , U N I Q U E

I D E A S T O B O O S T E X P O R T S

PRIME Minister Muhammad Shehbaz Sharif has urged the exporters of the country to devise innovative and unique ideas for exports which will be helpful in earning foreign exchanges

Addressing an event at Textile Expo in Karachi on Friday, he said that despite various challenges, Pakistan has very robust, very futuristic and extremely hardworking entrepreneurs who have gradually built Pakistan s export culture

Shehbaz Sharif said that with the joint support of the government and entrepreneurs extraordinary intellect and hard work, the provision of quality export goods to foreign customers would be ensured Welcoming the foreign delegates

the PM said he was happy to learn that over 400 foreign delegates from 60 countries participating in the expo showed Pakistan was a valuable destination for foreign guests buyers, and traders The prime minister also appreciated the industrialists, exporters, and experts who had contributed immensely to promoting Pakistan’s textile and leather exports He said Pakistan s industry had now been transformed and converted to air jet looms ginning, spinning, and waving He said that Commerce Minister, Secretary Commerce, and Zubair Motiwala had done a commendable job by arranging this expo which would help promote the country s exports The textile sector

constituted 60% of total exports while 40% labour force was absorbed in this sector he said adding that no doubt it was one of the largest sectors of Pakistan s economy Shehbaz Sharif pointed out that despite financial challenges and other difficulties, the government was committed to providing genuine support to all the export sectors including textile leather and sports to help increase the country s export volume He recalled that a few decades ago Pakistan was ahead of its neighbors in textile exports, however unfortunately it lost the grounds “But I have no doubt in mind that we can still recover from these setbacks and take hands off the clock back to 1990s and excel in our exports he said adding that

LHC

LAHORE S ta f f R e p o R t

The Lahore High Court (LHC) has directed “all the agencies” to work together to find anchorperson Imran Riaz Khan whose whereabouts remain unknown since his arrest at the Sialkot airport on May 11 and produce him in the court by Tuesday (May 30)

The LHC s directive was issued in a written order following yesterday’s hearing during which Lahore police Deputy Inspector General (Investigation) Kamran Adil told the high court that both the Inter-Services Intelligence (ISI) and the Military Intelligence (MI) had said that Khan was not in their custody

In the order issued today, the court observed that a report was submitted to it on behalf of the interior ministry secretary that stipulates denial of arrest/detention of the missing person by the proceedings on behalf of the Ministry of Defence

The order further stated that no one had attended court proceedings on behalf of the Ministry of Defence and “no report pertaining to steps taken by the agencies working under their control” sought by the court in an order dated May 22 2023 was found among documents submitted to it by police

Therefore, all the agencies are directed to work together in terms of the order dated May 22 2023 to effect the recovery of the missing person/detenue and produce him in the court on May 30 2023 the order read I t a l s o s t a t e d t h a t t h e a d d i t i o n a l i n s p e c t o r g e n e r a l ( l e g a l ) s u b m i t t e d d o c u m e n t s a n d a w r i t t e n r e p o r t t o t h e

c o u r t t o s u b s t a n t i a t e t h a t a w o r k i n g

group constituted under the direction of this court’s order has taken extraordinary steps to find out the whereabouts of the missing person/detenue which although remained unsuccessful and requested for t h e g r a n t o f t h r e e / f o u r d a y s m o r e t i m e with the hope that they will try their best to recover him”

Naveed Qamar its team and the finance minister combined could turn the table

The prime minister said Naveed Qamar had put in place the national compliance cell which was the need of the hour and we are obviously grateful to the European Union for GSP plus status and again I am aware of the fact that all reviews have been done and we respect all international requirements in this behalf whether it is good governance human rights or any other requirement He maintained the government believed in the rule of law and merit, and come what may, the government would toe the line of constitution and policies

Speaking on the occasion Commerce Minister Syed Naveed Qamar said that

Riaz’s lawyer Mian Ali Ashfaq also confirmed the development saying that the court order clearly suggests that all institutions working under the provincial and federal government have to ensure that all resources at their disposal are employed and extend full cooperation for the safe recovery” of the anchorperson IMRAN RIAZ’S ARREST:

Riaz was among the individuals apprehended in the wake of protests that erupted in the country after the arrest of PTI Chairman Imran Khan

Later, his lawyer stated that a writ petition was filed on May 12 over the anchorperson’s arrest and the LHC directed the attorney general to present him before the court the same day But after its orders were not followed Sialkot police were given a 48-hour deadline to recover Imran

A first information report (FIR) pertaining to the matter was registered with Civil Lines police on May 16 on the complaint of the anchorperson s father Muhammad Riaz

The FIR was registered against unidentified persons and police officials for allegedly kidnapping Imran, invoking Section 365 (kidnapping or abducting with intent secretly and wrongfully to confine person) of the Pakistan Penal Code

Pakistan offered numerous opportunities for investment to foreign investors

H e s t r e s s e d t h e n e e d t o p r o v i d e m o r e i n c e n t i v e s t o t h e e x p o r t e r s t o b o o s t t h e e x p o r t s o f t h e c o u n t r y H e a l s o a s s u r e d the entrepreneurs of the government s full s u p p o r t s a y i n g t h a t i t w o u l d p r o v i d e a c o n d u c i v e e n v i r o n m e n t f o r t h e m t o h e l p P a k i s t a n n o t o n l y t o b u i l d u p t h e c o u n t r y s f o r e i g n e x c h a n g e r e s e r v e s b u t a l s o t o l e s s e n t h e i r d e p e n d e n c e o n i n t e r n a t i o n a l l e n d e r s

The commerce minister said last month the government set up the compliance cell in the ministry to coordinate the efforts for meeting all the conditionalities for various programs including GSP Plus Chairman Trade Development Authority of Pakistan (TDAP) Zubair Motiwala said Pakistan was known for the standard textile products around the world

Imran Khan to be highly welcomed in Nor th: GB CM

ISLAMABAD S ta f f R e p o R t

Gilgit-Baltistan (GB) Chief Minister Muhammad Khalid Khurshid Khan has said that former prime minister and Pakistan Tehreek-eInsaf (PTI) Chairman Imran Khan would be highly welcomed in the North if the PTI chairman decides to visit for a holiday

Responding to PTI Chairman’s tweet that he thanked the government for placing his name on the no-fly list saying that he would not leave the country and if provided with a chance he would go to the Northern mountains, GB CM said that Imran Khan would be highly welcomed in the north GB CM Khalid Khurshid said: “InshaAllah Chairman Imran Khan would be highly welcomed in the north if he decides to visit Putting him on ECL is yet another desperate and useless measure by the fascist regime Earlier, Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan thanked the sitting PML-N led PDM government for adding his name to no-fly list, says he has no plans to travel abroad He tweeted ” I want to thank the government for putting my name on the ECL as I have no plans to travel abroad because I neither have any properties or businesses abroad nor even a bank account outside the country If and when I do get an opportunity for a holiday, it will be in our northern mountains my favourite place on earth” he added It was worth mentioned here that the government on Thursday placed the names of PTI Chairman Imran Khan his wife Bushra Bibi and dozens of other leaders who have or still not quit the party on the no-fly list on the grounds that they might flee abroad

ISLAMABAD

S ta f f R e p o R t

Pakistan Meteorological Department (PMD) has predicted more wind dust/thunderstorm intermittent rain in upper and central parts of the country during the next week and temperature during this time remain normal

In a report issued on Friday the Met Office informed that another westerly wave is likely to enter in western and upper parts of the country

on 28th May (Sunday) likely to persist till 31st May (Wednesday) Under the influence of this weather system:

Wind-dust-thunderstorm/rain is expected in Balochistan (Quetta Zhob, Barkhan, Qilla Saifullah, Qillah Abdullah, Chaman, Pishin, Noshki, Naseerabad, Kalat, Lasbella, Khuzdar & Sibbi) Sindh (Sukkur Dadu Karachi Hyderabad Jacobabad Shaheed Benazirabad Mirpurkhas Khairpur & Larkana) Punjab (Layyah, Bhakkar, D G khan,

Rajanpur, R Y khan, Bahawalnagar, Multan Sahiwal Khanewal Okara & Pakpattan) on 28th (evening/night) & 30th May

Wind-dust/thunderstorm-rain with a few hailstorms (Isolated heavy falls) is expected in Kashmir (Neelum valley, Muzaffarabad, Poonch, Hattian Bagh Haveli Sudhanoti Kotli Bhimber Mirpur) GilgitBaltistan (Diamir Astore Ghizer Skardu Hunza Gilgit Ghanche Shigar), Chitral, Dir, Swat, Kohistan, Mansehra, Abbottabad, Haripur, Peshawar, Charsadda, Nowshera, Swabi, Mardan, Bajaur, Kurram, Waziristan Kohat Bannu Tank Karak Dera Ismail Khan Islamabad Murree Galliyat Rawalpindi Attock Chakwal Gujranwala Sargodha Sheikhupura, Faisalabad, Jhang, Toba Tek Singh, Nankana, Mandi Bahauddin, Khushab, Mianwali, Narowal Sialkot Kasur Lahore & Jhelum from 28th (evening/night) to 31st May with occasional gaps

Woman set on fire for honour, expires in hospital

JHANG S ta f f R e p o R t Pitiless brothers set their divorced sister on fire for honour in Ahmadpur Sial area of Jhang The lady expired during treatment in hospital on Friday police said According to details Zareena Bibi alias Masooma was divorced by her husband Irfan over domestic issues and was staying at parent s home Zareena Bibi left the house of parents and gone away with Muzzamil s/o Ghulam Rasool at her own choice When she returned back her brothers Rajab and Aamir along with their accomplices Sabir and Baqir set her on fire by sprinkling kerosene oil The scorched lady was shifted to Nishtar Hospital Multan where she succumbed to her wounds Police arrested the culprits involved in the crime and after registering a case started investigation DPO Jhang said that the accused would be awarded exemplary punishment and no one will be spared

In a continuous struggle to overcome financial challenges the Finance Department of Khyber Pakhtunkhwa has entered into an overdraft for the eighth consecutive month

Concerns have also been raised about the increasing overdraft

Judge threat case: Cour t rejects plea for summoning trial cour t’s order

ISLAMABAD S ta f f R e p o R t T h e D i s t r i c t a n d S e s s i o n s C o u r t o n F r i d a y d i s m i s s e d P T I C h a i r m a n I m r a n K h a n s a p p e a l a g a i n s t t h e s u m m o n i n g o r d e r o f t h e t r i a l c o u r t i n t h e f e m a l e j u d g e t h r e a t c a s e I s l a m a b a d D i s t r i c t a n d S e s s i o n s J u d g e Ta h i r A b b a s S u p r a i s s u e d a d e t a i l e d v e r d i c t E a r l i e r, J u d i c i a l M a g i s t r a t e I s l a m a b a d M a l i k A m a n u p h e l d f o r m e r P r i m e M i n i s t e r I m r a n K h a n ’s b a i l a b l e a r r e s t w a r r a n t i n h u r l i n g t h r e a t s t o t h e w o m e n j u d g e c a s e T h e c o u r t a c c e p t e d I m r a n K h a n s r e q u e s t f o r e x e m p t i o n f r o m a p p e a r a n c e o n T h u r s d a y a n d a d j o u r n e d t h e h e a r i n g t i l l J u n e 8 T h e c o u r t s a i d t h e w a r r a n t a t I m r a n K h a n s r e s i d e n c e c o u l d n o t b e c o m p l i e d w i t h t h r o u g h p r o p e r l e g a l p r o c e d u r e T h e c o u r t o r d e r e d t o e n s u r e c o m p l i a n c e w i t h I m r a n

h a n ’s w a r r a n t t h r o u g h l e g a l p r o c e d u r e a n d d i r e c t e d h i m t o a p p e a r o n J u n e 8

All agencies must work together to nd Imran R iaz, rules

P H I L I P M O R R I S C L A I M S T O B A C C O S E C T O R AT R I S K

A S I L L E G A L C I G A R ET T E T R A D E S K Y R O C K ET S

ISLAMABAD

G h u l a m a B B a S

PAKISTAN’S documented tobacco sector is facing a grave threat as the illegal cigarette market continues to skyrocket resulting in substantial losses to the national exchequer Muhammad Zeeshan, Chief Financial Officer and Executive Director of Philip Morris (Pakistan) Limited, voiced his concerns during a press briefing in Islamabad highlighting the detrimental impact of the burgeoning illicit trade on government revenue and anti-tobacco policies Zeeshan expressed apprehension regarding the escalating illegal cigarette market cautioning that if this trend persists the government’s projected revenue targets

will be severely undermined He pointed out that the government had recently raised the Federal Excise Duty (FED) by 200% in the current fiscal year Consequently, Philip Morris (Pakistan) experienced a staggering 70% decline in sales and a 60% decrease in production volume during March and April 2023 This downward trajectory is anticipated to continue due to the rise in illicit cigarettes During the quarter ended March 31, 2023, Philip Morris (Pakistan) contributed significantly to the economy by paying Rs 5 990 million in excise duty sales tax and other government levies However this marked a 16 4% decrease compared to the previous period primarily due to reduced sales volume resulting from the price increase enforced by excise regulations in February 2023

A c c o r d i n g t o h i m t h e s t e e p r i s e i n e x c i s e t a x e s h a s i n a d v e r t e n t l y p r o v i d e d a n o p p o r t u n i t y f o r i l l e g a l t o b a c c o m a n u f a c t u r e r s t o f l o u r i s h , w h i l e c o m p l i a n t t a x - p a y i n g c o m p a n i e s s u ff e r

C o n s e q u e n t l y t h e g o v e r n m e n t ’s r e v e n u e o b j e c t i v e s f r o m t h e t o b a c c o i n d u s t r y a r e e x p e c t e d t o f a l l s h o r t o f t h e t a rg e t e d R s 2 6 0 b i l l i o n l i k e l y r e m a i n i n g b e l o w R s

2 0 0 b i l l i o n It is important to note that the documented tobacco sector contributes a significant 98% of the total tax revenue from the tobacco industry while illegal cigarette manufacturers only contribute a mere 2% H i g h l i g h t i n g t h e u rg e n c y o f t h e situation, he called upon the government t o t a k e d e c i s i v e m e a s u r e s t o c o m b a t t h e i l l e g a l c i g a r e t t e m a r k e t , w h i c h c u r r e n t l y

c o m m a n d s o v e r 4 0 % o f t h e t o t a l m a r k e t share and is projected to rise to 50% If left unchecked, Pakistan could become one of t h e l a rg e s t i l l i c i t c i g a r e t t e m a r k e t s

g l o b a l l y P r e m i e r S h a h b a z S h a r i f h a s already acknowledged a staggering loss of Rs 100 billion due to tax evasion by illicit tobacco companies

Furthermore Zeeshan referenced research from Euro Monitor, a renowned firm, revealing that Pakistan held approximately 40% market share of illegal cigarettes in 2022, solidifying its position as the largest illicit cigarette market in South Asia According to him the government s track & trace system is only operational in a few tobacco companies Once the stay order on the track & trace system was lifted, he urged the government to expedite its

Could Pak istan expor t fruits and vegetables?

ISLAMABAD G h u l a m a B B a S

In an effort to enhance the export potential and competitiveness of Pakistan s fruit and vegetable industry the All Pakistan Fruit &

Wi t h d r a w a l o f 1 0 % F E D o n J u i c e I n d u s t r i e s : A c c o r d i n g t o t h e a s s o c i a t i o n t h e i m p o s i t i o n o f a 1 0 % F e d e r a l E x c i s e D u t y ( F E D ) o n p a c k a g e d j u i c e s h a s a d v e r s e l y a ff e c t e d t h e i n d u s t r y S a l e s h a v e p l u m m e t e d b y 4 5 % l e a d i n g t o u n d e r u t i l i z a t i o n o f p r o d u c t i o n c a p a c i t y a n d a d e c l i n e i n i n v e s t m e n t s T h e P F VA r e c o m m e n d s t h e w i t h d r a w a l o f t h i s F E D a s i t h a m p e r s s a l e s t a x r e v e n u e a n d n e g a t i v e l y i m p a c t s e m p l o y m e n t i n t h e a l l i e d i n d u s t r y B y p r o c u r i n g f r u i t s f r o m l o c a l f a r m e r s , t h e i n d u s t r y c a n p r e v e n t f o o d w a s t a g e a n d u p l i f t f a r m e r s ’ l i v e l i h o o d s

r

i t r u s f r u i t

e e x i s t i n g v a r i e t y i n

is

old, leading to various diseases a n d r e d u c e d s h e l f l i f e T h e P F VA p r o p o s e s a l l o c a t i n g P K R 1 0 0 m i l l i o n f o r e x t e n s i v e r e s e a r c h a n d d e v e l o p m e n t t o c r e a t e n e w d i s e a s e - r e s i s t a n t v a r i e t i e s T h i s i n v e s t m e n t i s p r o j e c t e d t o b o o s t Kinnow exports from the current USD 110 million t o $ 3 5 0 m i l l i o n w i t h i n f o u r y e a r s , b e n e f i t i n g t h e industry worth Rs 130 billion

No let-up in sight as Abrarul Haq, Saifullah Nyazee, Raas also quit PTI

CONTINUED FROM PAGE 01

Addressing a press conference he said after the horrible incident of May 9 in different parts of the county I have decided to quit the party position as deputy secretary general Punjab He said he was parting ways with the PTI without any pressure from any quarter He said: “I have great regret and I also condemn the May 9 incidents The elements involved in the May-9 incident should be punished strictly To a question, Khurram said he had no offer from any party to join it As the crackdown intensified dozens of PTI leaders –including close confidants of Imran Khan – started jumping ship in what was described by the PTI chief as forced divorces Several party leaders were released on court orders only to be arrested again as there appeared to be no respite in the crackdown Several party leaders and lawmakers including Shireen

Mazari Aamir Kiani Amin Aslam

Mahmood Moulvi Aftab Siddiqui

Fayyazul Hassan Chohan, Firdous

Ashiq Awan and others have announced leaving the former ruling party Asad Umar one of the very close aides of Imran relinquished his posts of the secretary general and core committee member citing the ongoing situation His announcement came hours after Fawad Chaudhry, another close confidant of Imran quit the PTI On the other hand according to some other media reports senior PTI leaders Dr Yasmin Rashid and Mehmoodur Rasheed have expressed their continued support for Imran Khan, reiterating their commitment to remain with the party “No! I am not leaving PTI,” Dr Yasmin Rashid responded to journalists’ queries outside an anti-terrorism court Rashid also expressed her support for the former prime minister Despite all challenges, we stand firmly with Imran Khan, she said

Exemption of Sales Tax on Mushrooms: To promote the local production of mushrooms the PFVA proposes exempting sales tax on fresh frozen or otherwise preserved mushrooms Currently a significant portion of mushrooms is imported from China and other countries This tax exemption would encourage local growers, discourage imports, and conserve foreign exchange reserves

Revision of Phyto-Sanitary Certificate Costs: The proposal highlights the need to revise the high costs associated with phyto-sanitary

Pakistan to punish M ay 9 arsonists as

US did to C apitol rioters,

CONTINUED FROM PAGE 01

He said the two major political parties of Karachi voted for the prime minister and his government enjoyed a super majority in Sindh

He said the people of Sindh also pinned hopes on the prime minister for the resolution of their issues Bilawal said K-IV project faced immense delay and that K a r a c h i n e e d e d “ S h e h b a z S p e e d ” f o r t h e r e s o l u t i o n o f i t s issues

Regarding the floods the foreign minister said concerted efforts were needed for the rehabilitation of the people in Sindh

Khyber Pakhtunkhwa, South Punjab and other areas, including the metropolises

He said around 52 percent of Sindh’s educational infrastructure had been damaged by the floods impacting the education of around 47 percent population Bilawal Bhutto said the leaders of the PPP MQM and other parties also faced jails and other hardships but they always stood for democracy, without resorting to violence

Minister for Water Resources Syed Khursheed Shah said the project was of utmost importance to meet Karachi’s water needs

He said the first phase would provide 260 million gallons of water to the city

He also requested the prime minister to announce the K-5 project as the K-4 would be insufficient to cope with future needs Shah said due to the government s efforts and dedication, the country would neither default nor its economy would destabilize Minister for Maritime Affairs Faisal Sabzwari said the K-IV project was also part of the agreement between the MQM and the ruling coalition

He said unnecessary delay in the project led to a huge increase in the cost

He said the whole province including Sindh chief minister had serious reservations about the census Sindh Chief Minister Syed Murad Ali Shah said starting from 2002, the project was used to be an example of ill-planning and had faced immense delay The project would accumulatively cost around Rs200

says PM

billion which could have been around Rs100 billion had it been started timely He said storage of Keenjhar Lake would have to be enhanced as the Irrigation Department has already proposed a project for the water body’s expansion He urged the federal government to ensure the provision of funds for the timely completion of the project

Sindh Governor Kamran Tessori said under the leadership of prime minister and Foreign Minister Bilawal, the project was moving ahead He said for the first time, the federal and provincial governments were on the same page to execute the much-delayed project

He said the May 9-like incidents had united the nation and thwarted the designs of the miscreants

In his address WAPDA Chairman Engr Lt Gen Sajjad Ghani (Retd) said K-IV water project would supply 650 million gallons of water to Karachi The first phase would provide 260 million gallons and 390 million gallons to be supplied in the second phase

He said under the project a 111-kilometer-long pipeline would be laid from Keenjhar Lake to Karachi

The first phase would cost Rs126 billion as Rs33 billion had already been spent on the project Foreign Minister Bilawal Bhutto, Planning Minister Ahsan Iqbal, Information Minister Marriyum Aurangzeb, Water Resources Minister Syed Khursheed Shah, Maritime Affairs Minister Faisal Sabzwari Syed Qaim Ali Shah and others were also present PM SHEHBAZ FM BILAWAL DISCUSS

POLITICAL SITUATION

Foreign Minister Bilawal Bhutto Zardari on Friday called on Prime Minister Shehbaz Sharif here and discussed the overall political situation in the country Held at the Sindh Chief Minister House the meeting was also attended by federal ministers Syed Naveed Qamar Syed Faisal Sabzwari

Marriyum Aurangzeb State Minister Dr Musaddiq Malik Sindh Governor Kamran Tessori Sindh Chief Minister Syed Murad Ali Shah and MQM leader Dr Farooq Sattar

IHC seeks c ases record against S ami Ibrahim

installation process Effectively monitoring these facilities is crucial in curbing illicit tobacco trade

Additionally, he appealed to the government to reconsider the substantial hike in FED as it not only hampers fiscal revenue and legal cigarette sales but also fuels the growth of the illegal cigarette market exacerbating the government s current financial challenges Z e e s h a n u n d e r s c o r e d t h e i m p o r t a n c e o f u n i f o r m l y i m p l e m e n t i n g l a w s regulating the tobacco industry, fostering a l e v e l p l a y i n g f i e l d f o r l e g a l c i g a r e t t e c o m p a n i e s T h e s e m e a s u r e s a r e indispensable in safeguarding government r e v e n u e a n d p r o t e c t i n g t h e d o c u m e n t e d t o b a c c o s e c t o r f r o m f u r t h e r d e c l i n e I n c o n c l u s i o n , h e c a l l e d f o r s w i f t a c t i o n t o address the pressing issues at hand

Political turmoil adversely damaged countr y’s economy: Shahid Rasheed

ISLAMABAD S ta f f R e p o R t

Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr Shahid Rasheed Butt on Friday said the prevailing political turmoil and other factors have adversely damaged the economy of the country In a statement issued here, he said that the IMF’s program was on hold, foreign exchange reserves were at around $4 billion and Pakistan was due to pay $3 7 billion next month with the risk of default looming In these circumstances it will be difficult to provide relief to the public and the business community in the forthcoming budget he added Shahid Rasheed Butt said that Pakistan will somehow manage payments of three billion and seventy million dollars, but next year, Pakistan will need thirty-four billion dollars to repay foreign loans and interest It will be difficult for Pakistan to manage 34 billion dollars without the IMF programme he added The business leader noted that the stock market has decreased by one thousand and forty-six points in two weeks, while exports have decreased by 11 7% in ten months Textile exports have decreased by two billion dollars and a decrease of six billion dollars is expected in the year ’s exports He said that a decrease of four hundred billion rupees has been recorded in tax revenue and there has been a thirteen percent decrease in remittances during the last ten months Production of major industries has fallen by 25% leaving millions jobless while interest rates are at 21% which is ruining businesses Presently, banks are not lending to the private sector because they are getting 22% interest from the government which has been affecting the economic system Shahid Rashid said that in the last ten months there has been a decrease of 18% in oil imports, which is proof of the economic slowdown Meanwhile, inflation has increased by more than 36%, which has increased the government’s expenses The government was under pressure to increase the salaries and pensions of government servants and hike the minimum wage that will increase the financial pressure he added

Imran can be tried in militar y cour ts: Sanaullah

CONTINUED FROM PAGE 01

Sanaullah said that “only six” out of nearly 500 cases filed after the May 9 vandalism are being processed to be tried under the Army Act rejecting the perception created by the PTI that all of those arrested will face military courts The remaining will be tried by ordinary courts he said in a presser today in a bid to clear the air regarding the government s crackdown against those allegedly involved in the May 9 mayhem “Various analyses and conspiracies have been spreading so I thought it best to appear here and state the facts and figures ” Sanaullah said Sharing details about the legal action taken so far against the vandals who had attacked government and military installations, the interior minister said that following the riots, 499 First Information Reports (FIRs) had been registered in Punjab and Khyber Pakhtunkhwa “Of these, 88 have been registered under the Anti-Terrorism Act [ATA] while 411 have been registered on other charges Sanaullah further shared that 3 944 suspects had been arrested in the two provinces adding 2 588 of them were taken into custody from Punjab, while 1,099 were arrested by KP authorities The interior minister added that another 5,536 arrests were made in other cases; however, of these 80% have been released on bail Moreover in a bid to clear the air regarding the military courts he categorically denied rumours that all cases would be tried by military courts and explained that only seven of the 499 cases are being processed to be tried in military courts It is being said that everything is being taken to military courts This is not true Only 19 accused have been transferred to military courts in Punjab and 14 in KP Nowhere else are these measures being taken he clarified

Gwadar Por t desilting operation geared up on PM’s direc tions

depth of the channel ” The total cost of dredging he said has

been determined as per cubic meter considering the scale of operation and size of the area to be cleared from siltation Gwadar Port has been handling ship with a draught of 11 6 meters Last time dredging operation got underway in 2015 CHEC award-winner of dredging operation is an engineering contractor and a subsidiary of China Communications Construction Company (CCCC), providing infrastructure construction, such as marine engineering, dredging and reclamation, road and bridge railways airports and plant construction

CH I N A ’s Minister of Commerce Wang Wentao and US Commerce Secretary Gina

Raimondo held talks in Washington on Thursday engaging in candid professional and constructive exchanges on China-US economic and trade relations as well as issues of common concern, the Ministry of Commerce (MOFCOM) said in a statement on its website on Friday morning

The Chinese side expressed deep concerns over the US economic and trade policy toward China, its policy on semiconductors and export controls, as well as its outbound investment review policy, according to MOFCOM

The meeting between the two ministers on top of the recent resumption of high-level engagements between Beijing and Washington is one of the most important meetings between the two countries after the US shot down an unmanned Chinese civilian airship and hyped “China threat” which drove China-US relations to a new low

Chinese experts said the ministerialexchange is of major importance as it takes the pledge by the leaders of the two countries from last year s Bali meeting to manage differences and disagreements and prevent confrontation and conflict

Xi

one step further

It is believed that the meeting could help create an environment to solve, mitigate and manage differences in areas linked to trade and economic issues, the ballast stone of their bilateral ties

China and the US agreed to set up communication channels to maintain and strengthen exchanges on specific economic and trade issues in addition to areas of cooperation, said MOFCOM in a notice

The meeting between Wang and Raimondo is being closely watched as a first barometer of the chance for success between the two sides to restore high-level exchanges after months of recrimination

Chinese experts said the frank exchanges and the concerns raised by Min-

DRC

Chinese President Xi Jinping on Friday held talks with President of the Democratic Republic of the Congo (DRC) Felix-Antoine Tshisekedi Tshilombo with both sides vowing to elevate the bilateral relationship to a comprehensive strategic cooperative partnership Bilateral cooperation in various fields has yielded fruitful results in recent years and China has been the DRC s largest trading partner and source of foreign investment for many years in a row Xi said The two sides have forged a close community of shared interests and shared future, Xi said He expressed the belief that China s high-quality development will provide more cooperation opportunities and a broader market for the DRC and promote greater development of bilateral relations C h i n a w i l l a s a l w a y s h e l p t h e D R C i n i t s e c o n o m i c a n d s o c i a l d e v e l o p m e n t s u p p o r t i t s i n d u s t r i a l i z a t i o n s t r a t e g y s t r e n g t h e n c o o p e r a t i o n i n e n e rg y m i n i n g a g r i c u l t u r e , i n f r a s t r u c t u r e , a n d m a n u f a c t u r i n g , a n d t a p t h e p o t e n t i a l o f c o o p e r a t i o n i n t h e d i g i t a l e c o n o m y, e d u c a t i o n , a n d h e a l t h , X i s a i d , a d d i n g t h a t C h i n a i s r e a d y t o s e n d a g r i c u l t u r a l t e c h n o l o g y e x p e r t s t o t h e D R C China hopes that the DRC will provide policy support and service convenience for Chinese enterprises to invest and do business in the DRC and foster a fair, just, and safe business environment, he said Xi said China is ready to strengthen coordination and cooperation with the DRC in multilateral affairs jointly practice true multilateralism and uphold international fairness and justice

Noting China is the world s largest developing country and Africa is the continent with the largest number of developing countries, Xi said China and Africa have always been a community with a shared future China firmly supports Africa in pursuing an independent development path and becoming an important pole in the world s politics economy and civilization Xi said adding that China is ready to provide new opportunities for African countries with its new development

As for his part, Tshisekedi appreciated China for its assistance and valuable support to the DRC s economic and social development over the years

The DRC firmly adheres to the one-China policy and firmly supports China’s efforts to achieve national reunification Tshisekedi said

The DRC is willing to work with China to deepen cooperation in economy, trade, resources, infrastructure, medical care and other fields, enrich the connotation of the comprehensive strategic cooperative partnership between the two countries and build mature, stable and groundbreaking relations for the benefit of the two peoples Tshisekedi added

Stewart Rhodes the founder of the far-right militia group Oath Keepers has been sentenced to 18 years in prison for his involvement in the US Capitol riot Rhodes was convicted on charges of seditious conspiracy and other crimes, making his sentence the longest given to a Capitol rioter thus far Prosecutors had initially sought a 25-year prison term for Rhodes

Kelly Meggs the leader of the Oath Keepers Florida chapter, received a 12-year prison sentence

ister Wang addressed the core issues of China-US economic and trade relationships – the US crackdown and containment of China related to advanced technology must stop

“The concerns are clear detailed and to the punch He Weiwen a senior fellow at the Center for China and Globalization told the Global Times on Friday If the US side is sincere on restoring and stabilizing bilateral trade and economic ties, people can expect it will take some actions to at least partially roll back cancel or alter its restrictive crackdown policies targeting China from tariffs to restrictions on Chinese firms He said The two [sides] had candid and substantive discussions on issues relating to the

US-China commercial relationship including the overall environment in both countries for trade and investment and areas for potential cooperation, according to a readout on the US Department of Commerce on Thursday US time This meeting was part of ongoing efforts to maintain open lines of communication and responsibly manage the relationship the readout said Chinese experts said that the core issues hindering China-US trade and economic ties at the moment are tariffs and the US crackdown on Chinese companies

The reestablished of communication channels will be conducive to effectively settling concerns of the two sides which means achievement from the two ministers meeting is significant, He said, noting that the move paves way for the two sides to reestablish mechanisms for more structured dialogue in the next phase

There were over 100 high-level dialogue mechanisms in place between the two countries prior to the Trumpera all of which have been suspended or have fallen away Past experiences have shown that these mechanisms help in stabilizing overall trade and economic issues as well as addressing specific and urgent issues effectively He said Raimondo also raised concerns about the recent spate of PRC actions taken against US companies operating in China, according the readout from the US Department of Commerce

I nve s t i n g i n A I : h ow t o avo i d t h e hy p e ?

PR OFIT

R E U T E R S

Experienced tech investors are hunting for undervalued opportunities in an over-valued space

At stake is how best to invest in the potential of Artificial Intelligence (AI) which took a leap forward in November when Microsoft-backed OpenAI released its ChatGPT bot, without buying into a bubble

Shares in Nvidia (NVDA O), which makes computer chips that train AI systems, have almost doubled since ChatGPT’s launch The company’s stock market value at roughly $940 billion is more than double that of Europe s Nestle (NESN S) Nvidia surged some 25% on Thursday alone after forecasting a sales jump

Shares in loss-making AI software company C3 AI, which grabbed the stock ticker , have risen 149% this year and Palantir Technologies (PLTR N) which has launched its own AI platform is up 91% year-to-date

Investors are chasing exposure to generative AI the technology run by ChatGPT that learns from analysing vast datasets to generate text, images and computer code Businesses are trying to use generative AI to speed up video editing, recruitment and even legal work

Consultancy PwC sees AI-related productivity savings and investments generating $15 7 trillion worth of global economic output by 2030 almost equivalent to the gross domestic product of China

The question for investors is whether to jump on the AI train now, or exercise caution, especially given mounting concern amongst regulators about the technology’s potentially disruptive impact

There are clearly going to be winners in all this said Niall O Sullivan chief investment officer of multi-asset for EMEA, at Neuberger Berman

It s just that that s very hard to be true for the entire market ” STILL EARLY

Instead of backing hot start-ups or rushing into highly valued AI-themed businesses that might fail seasoned investors are taking a lateral view to back already proven technology companies that might benefit from the longer-term trend

It s going to be as transformative as the internet, as the mobile internet, as the mainframe computer was ” said Alison Porter a tech fund manager at Janus Henderson whose funds have positions in Nvidia with Microsoft as their largest holding

However Porter also cautions that we are still very early on the use cases for AI

She favours big tech groups like Microsoft (MSFT O) and Alphabet (GOOGL O) because they have “strong balance sheets”, that make them “able

Wall Street prepares for Treasuries mess as default looms

PR

OFIT R E U T E

Anxiety is increasing in parts of Wall Street that rely on Treasury securities to function with some traders starting to avoid U S government debt that comes due in June and others preparing to deal with securities at risk of default

Republican Kevin McCarthy are closing in on a deal that would raise the government’s $31 4 trillion debt ceiling for two years while capping spending on most items as a June 1 “X date” approaches for when the Treasury Department has said it could run out of money to pay its bills

Treasury securities are used widely as collateral across markets A key question for market participants is how would bonds that are maturing next month be treated if a deal is not reached in time and the Treasury is unable to pay principal and interest on debt

One such area is the $4 trillion repurchase or repo market for short-term funding used by banks money market funds and others to borrow and lend Some counterparties, including banks, were shying away from Treasury bills maturing in June in bilateral repos where the trade is between two parties said an executive at a U S fund manager who decline to be named There are 14 T-bills maturing in June

Scott Skyrm executive vice president for fixed income and repo at broker-dealer Curvature Securities, said some repo buyers or cash lenders did not want to accept any bills maturing within a year

to invest in many different technology advances including their recent focus on AI BEWARE, THE HYPE

Dizzying valuations have made some investors wary of the technology hype cycle This concept popularised by consultancy Gartner starts with a trigger such as the launch of ChatGPT followed by inflated expectations and then disillusionment Even if a technology moves to mass adoption, many early stage innovators can fail along the way

“There’s a question about where we are in that curve with AI, where the hype is so visible,” said Mark Hawtin investment director at GAM Investments There are ways to get exposure to the (AI) theme without picking something that is highly valued PICKS, SHOVELS

Janus Porter recommended backing proven companies that may be big beneficiaries in terms of providing infrastructure,” for future trends in generative AI that as of now are unclear

GAM’s Hawtin said he has also hunted out companies that provide the picks and shovels necessary for enabling new AI technology

For example, AI systems require huge volumes of data to analyse and learn from, but just 1% of global data is currently being captured, stored and used, according to Bank of America

Hawtin’s funds hold Seagate Technology (STX O) which makes hard drives and data storage products and chipmaker Marvell Technology for this reason he said

Jon Guinness, tech portfolio manager at Fidelity International, said management consultancy Accenture is in his portfolio because as businesses consider how to use AI “I strongly think you call in the experts ”

STICKING TO BIG TECH

Trevor Greetham head of multi-asset at Royal London Investment Management said he was overweight in dominant tech stocks in part because AI supported their valuations, but he cautioned against AI-themed stocks

“There will be an awful lot of losing lottery tickets ” he said recalling the dotcom crash of the early 2000s

Also sticking with big tech Fidelity s Guinness said his funds hold Amazon partly because of its efforts to make AI less expensive for businesses Amazon’s Bedrock service, for example, lets companies customise generative AI models rather than invest in developing them themselves

The big benefits of AI Janus Porter said are going to happen over the long term

Investors want to invest in AI now and they expect things to happen now, she added But we would never blindly buy into AI and we don t do things at any price ”

Skyrm said stress began to appear in the market at the start of May with some lenders refusing to accept Treasury bills that they perceived as at risk of delayed payments in some types of trades He declined to name buyers who were not accepting T-bills

I don t think counterparties want to deal with collateral around the X-date, said Jason England, global bonds portfolio manager at Janus Henderson

An executive at an independent broker-dealer in the repo market who declined to be named said they were still financing Treasury securities for now Their focus instead was on rewiring their systems in anticipation of steps that the Federal Reserve and Treasury might take to prevent a default The executive said they expected to work through the weekend to get their systems in place

At least three big banks that deal directly with the New York Fed in its implementation of monetary policy were also accepting all Treasury securities three sources familiar with the situation said

The dislocations in the repo market, a crucial source of funding for day-to-day operations of many financial institutions, come amid growing stress in financial markets as talks drag on in Washington A default could have devastating consequences as the $24 3 trillion treasuries market underpins not just the U S but the global economic order

To be sure, a default remains a distant possibility

Many market participants expect the Treasury will be able to continue to pay its bills after the June 1 date as it could conserve cash in other ways to prioritize debt payments

In the case that it needs to delay payments on some securities that are maturing expert groups have suggested in the past that Treasury could help markets to keep functioning by extending the socalled operational maturity date The proposal, detailed in a December 2021 contingency planning document prepared by an expert group calls for extending the maturities of securities at risk of default by one day at a time

That could allow the security to be technically traded and available for settlement on the Fedwire Securities Service system used for government debt However, the group warned that it would need many brokerdealers to adjust their trading systems to also be able to do so and the consequences of a delay in payments on securities would still be severe

The broker-dealer executive said the process was cumbersome because maturity dates subsumed several other calculations about the value of the security Extending the maturities required the firm to “basically break their own system,” the executive said Even so allowing the security to default would be worse “If you don’t extend the date I really don’t know what happens the executive added

Gun and knife attack in Japan leaves four dead

E S

N C I

G

scene and later pronounced dead Another woman and two police officers were earlier confirmed dead in the attack Police told that the 31-year-old suspect had been detained at about 4:30 am (1930 GMT on Thursday), and later confirmed he had been formally arrested on suspicion of murder using a suspected hunting rifle The rampage in a rural area of the western region was a rare instance of violent crime in Japan, which has a low murder rate and some of the world s

Rhodes violent rhetoric including a threat to hang former US House Speaker Nancy Pelosi The judge deemed Rhodes to be an ongoing threat to the country and its democracy Prosecutors had requested a 25-year sentence for Rhodes and 21 years for Meggs, while defence lawyers argued for significantly lighter sentences of less than three years each Rhodes a former US Army paratrooper and

toughest gun laws No motive has yet emerged in the killings nor has the suspect been formally identified though several local media reported he is the son of the speaker of Nakano s city assembly

“We pray for the souls of the deceased and express our heartfelt condolences to the bereaved families ” top government spokesman Hirokazu Matsuno told reporters

Police are investigating to uncover the whole picture of the incident, in-

cluding how the crime developed and its background

The attack started on Thursday afternoon when a local man working on a farm saw a woman running from the road saying, help me , he told national broadcaster NHK “Behind her came a man wearing camouflage and carrying a large knife who stabbed her in the back the 72-year-old witness said He said he called emergency services while neighbours tried to resuscitate the woman

described

a battlefield general during the chaotic events Rhodes and Meggs were convicted of seditious conspiracy, a rarely used law from the Civil War era carrying a maximum prison sentence of 20 years Defence lawyers intend

vows to cement ties, expand cooperation with

PSO provides grant of Rs6m for Thalassemia Centre

T I N G for Dawn author Nasir Jamal explains that Pakistan s poor tax revenues, which are below 10 percent of GDP and among the lowest globally, are a major factor contributing to the country's persistent fiscal deficits and overall economic crisis

a 10 percent Federal Excise Duty (FED) on the packaged juice industry including juices nectars and juice drinks This decision was made in response to the International Monetary Fund's demand to cover revenue gaps

Muhammad, Acting Chairman of BOG MTI-Swabi

The meeting was attended by the administration of Bacha Khan Medical Complex (BKMC-MTI) and Gajju Khan Medical College (GKMC-MTI) The performance of the Thalassemia Centre was thoroughly discussed P R

The author believes that successive governments have failed to increase the tax-to-GDP ratio primarily due to a lack of political will to bring powerful interest groups, such as retailers, wholesalers real estate owners and large farmers into the tax net

When the government requires funds to finance its growing budget deficit it often resorts to imposing more taxes or raising tax rates on the easier target: organized industries and businesses Unfortunately, these changes in tax policies negatively impact businesses and their entire supply chains A recent example is the government s decision to reintroduce

lives with several injuries The report indicates that the catastrophic incident could have been prevented if proper safety measures had been taken in place According to the investigation findings the incident was primarily attributed to a lack of awareness and negligence on the part of the restaurant staff The absence of hooters/smoke alarms or gas detectors, improper ventilation in the kitchen where the LPG cylinders were installed, and the non-availability of a special fire extinguisher (DCP) were key contributing factors PR

The Big-Rethink - LEADERS in Islamabad Business S ummit 6th Edition from May 31

i s l a m a b a d:

May 9 tragedy will be remembered as dark chapter in countr y ’s histor y: K auk ab

K a r a c h i: Consumers Association of Pakistan organized the Eid Millan Party which was held on the occasion of Pakistan Martyrs Day to express solidarity with the Pakistan Army Additional IG

Javed Alam Odhu was the Chief Guest of the ceremony While the guests of honor Consul

General Malaysia 4 Mr Herman Hardynata Bin

Ahmad, Consul General Indonesia Dr June Koncoro

Hadingrat Consul General Turkey Mr Cemal Sangu

Brigadier (R) Malik Waqar Awan Members

Organizing Committee Abdul Salam Farqan Bilal

Rafia Mamujee, Sarfaraz Ahmed, Junaid Abdul

Qadir, Abdul Jabbar Rathore, Maulana Azad Jameel, Jinnah University Chancellor Wajih Uddin, Sabir Ahmed, Ikram Rajput PR

IBA Karachi organizes Int ’l Conference on ‘Sustainability: Global & Local Challenges’

K a r a c h i: School of Business Studies (SBS), Institute of Business Administration (IBA) Karachi, organized an International Conference 2023 on ‘Sustainability: Global & Local Challenges’ at Main Campus, IBA Esteemed local and international academicians researchers practitioners students and speakers participated in the conference Executive Director IBA Karachi Dr S Akbar Zaidi welcomed the scholars and researchers to the conference and anticipated a comprehensive conference where research papers will be presented and intellectual discourses will ensue on different aspects of business entrepreneurship and innovation PR

The imposition of the FED this year has resulted in a significant 45 percent decline in the sales volumes of the formal packaged juice industry in March and April This decline has substantial consequences The shrinking business size not only adversely affects the government's sales tax revenue but also projects a plummet in the industry s sales from around Rs 60 billion to Rs 43 billion in 2023 This decline is contrary to earlier industry projections which anticipated an increase to over Rs71 billion based on recent industry growth rates The decrease in sales will significantly impact the government's tax revenue from the industry which was expected to contribute almost Rs 14 billion in taxes Surprisingly the government did not learn from the impact of its previous decision to impose a 5 percent FED on the packaged fruit-based juice

Vice C hancellor chairs 16th meeting of ASRB

K a r a c h i: The Vice-Chancellor University of Turbat (UoT) Prof Dr Jan Muhammad has said that we are committed to fostering an environment that encourages our faculty members and students to conduct quality research on prevailing issues, which can help in addressing the challenges of the contemporary era He expressed these views while presiding 16th meeting of the Advanced Studies & Research Board (ASRB) of UoT which was held here on Friday the 26th of May 2023 in the video conference room of the University of Turbat Vice Chancellor said that we are utilizing all resources to facilitate our researchers to explore new ideas and collaborate with scholars of prominent national and international institutions PR

Largest Chinese delegation attends International Textile Exhibition

K a r a c h i: A largest Chinese delegation ever seen in the Textile exhibition kicked off here on FridayPrime Minister Shehbaz Sharif inaugurated the exhibition noting that textile is the backbone of Pakistan s export and Pakistani manufacturing industry is growing rapidly which counts 60% of Pakistan export Muhammad Irfan, commercial councilor Guangzhou, Consulate General of Pakistan said that the event is a huge success with both Pakistani and Chinese businesses coming together to explore new opportunities and partnerships The Chinese delegation was particularly impressed with Pakistan s potential as a hub for trade and investment in the region, and expressed their commitment to furthering economic ties between the two nations “Pakistan is quickly becoming a hotbed for foreign investment with its strategic location skilled workforce and growing consumer market making it an attractive destination for businesses looking to expand their operations With events like TEXPO bringing together PR

D un & Bradstreet empowers fight against financial crime

K a r a c h i: Dun & Bradstreet (D&B) Pakistan Private Limited concluded its first event series titled Pakistan Assemble- United Against Financial Crime at the Pearl Continental Karachi The event served as a platform to emphasize the significance and sensitivity of compliance and risk management in the ongoing battle against financial crime D&B the world s oldest database and risk management company organized the event as a knowledgesharing initiative to raise awareness and foster collaboration among key stakeholders in the fight against financial crime With a legacy spanning over 180 years, D&B has been delivering business, credit, and compliance Information globally, including in Pakista PR

4th edition of TEXPO Pakistan 2023 begins

K a r a c h i: The 4th edition of TEXPO Pakistan

2023 a flagship event of the Trade Development Authority of Pakistan (TDAP) and Ministry of Commerce & Textile was inaugurated by Mr Shahbaz Sharif, the Honorable Prime Minister of Pakistan accompanied by Mr Kamran Khan Tessori, Governor of Sindh, Syed Murad Ali Shah, Chief Minister Sindh Mr Naveed Qamar Federal Minister for Commerce Mr Ahsan Iqbal Chaudhary Minister for Planning Ms Marriyum Aurangzeb Federal Minister for Information and Broadcasting, Mr Tariq Bajwa, SAPM, Dr Aisha Ghaus, Minister of State for Finance, at Expo Center (Karachi) PR

industry in July 2019 That decision resulted in a sharp 22 percent decline in sales causing revenue loss for the government and an increase in the market share of the informal juice industry

The increase in excise tax not only reduces sales but also leads to significant job losses for workers involved in the manufacturing distribution and sale of these products Furthermore the industry s connections to the rural economy help fruit growers receive fair prices for their produce and minimize wastage

Due to the drop in sales of fruit-based beverages manufacturers will reduce their purchases from farmers In 2022 the industry procured an estimated 100 000 tonnes of mangoes in addition to other fruits like oranges and peaches, for pulp production However, a drastic reduction in fruit pulp purchase (from 61,000 tonnes to approximately 31,500 tonnes) is expected in 2023 following the FED imposition which will adversely affect the rural economy and its formalization

The organized packaged juice industry, with an investment of Rs 40 billion and over 5,000 direct employees,

NIMA delagation visits

Ministr y of Foreign Affairs

i s l a m a b a d: A four-member delegation of the National Institute of Maritime Affairs (NIMA) led by Director General NIMA Vice Admiral (Retd) Ahmed Saeed HI(M) visited the Ministry of Foreign Affairs (MoFA) on 25 May 2023 Secretary MoFA Dr Asad Majeed welcomed NIMA team and appreciated the vibrant role of the institution on important maritime issues A productive series of discussions on various maritime avenues took place with specific focus on geo-strategic imperatives in Indian Ocean Region (IOR) and integration of blue economy endeavours into the National Economy DG NIMA emphasized on compliance of international governing instruments for maritime sectoral economy including ratification of Hong Kong Convention for Safe and Environmentally Sound Recycling of Ships and aspects of high seas treaty under UNCLOS PR

Bangladesh Deputy High Commission celebrates 52nd Independence and National Day

K a r a c h i: Bangladesh High Commissioner in Pakistan Mr Md Ruhul Alam Siddiqui, Consuls General of different countries including Bahrain, China, France, Indonesia, Japan, Kuwait, Malaysia, Oman, Qatar, Republic of Korea, Russian Federation, Sri Lanka Thailand Türkiye United Arab Emirates British Deputy High Commissioner and other diplomats participated at the reception Senators Members of National and Provincial Assemblies, Special Assistants to Chief Minister Sindh, Senior Government Officials of Pakistan and Sindh Province, Vice Chancellors & Professors of different Universities President and Secretary General and other office Bearers of FPCCI KCCI and other Chambers and Associations in Sindh PR

provides consumers with safe and healthy fruit-based juices and drinks

However the imposition of the 10 percent FED negatively affects the affordability of these products produced by legitimate players As a result, a significant proportion of consumers are shifting to low-priced low-quality and potentially unsafe alternatives offered by the undocumented sector This situation will not only lead to a loss of tax revenue for the government, as the undocumented sector constitutes 20 percent of the industry's total size and is expected to grow further if the FED is not reversed but also result in unemployment within the industry The contraction of the industry will also discourage planned investments for 2023-24

In a time when people s purchasing power is severely impacted by skyrocketing prices and job losses are rampant due to economic stagnation the government should reconsider the FED on juice-based drinks and beverages and remove it

To read the full article visit www dawn com

Chairman PARC

i s l a m a b a

d: The Pakistan Agricultural Research Council (PARC) recently organized a three-day workshop at the National Institute of Genomics and Biotechnology (NIGAB), National Agricultural Research Centre (NARC) in Islamabad The workshop, led by the Animal Biotechnology Program (ABP) at NIGAB, focused on advanced molecular tools including Polymerase Chain Reaction (PCR) Enzyme-Linked Immunosorbent Assay (ELISA) and Bioinformatics Participants from various institutions attended the workshop, gaining valuable insights and skills in these cutting-edge research techniques The ABP at NIGAB, NARC actively works on developing innovative solutions to enhance animal productivity, health, and welfare, including the creation of animal vaccines advancements in breeding techniques improvements in animal nutrition and the development of diagnostic tools for animal diseases PR

NBP taking advantage of extensive network in assisting c ustomers with D igital Banking

Karachi: The National Bank of Pakistan has unequivocally recognized and commended the ground-breaking accomplishments of its Digital Champion campaign The bank deeply appreciates its esteemed digital ambassadors whose unwavering commitment and outstanding efforts were instrumental in successfully directing NBP customers toward adopting digital banking The campaign's resounding success is evidenced by the activation of over 250 000 debit cards through the mobile app in 8 months which was made possible by a massive effort of 7500 NBP staff from 98% of the branches PR

FBL, NIFT collaborate to revolutionize paper cheque with digital cheque solution

K a r a c h i: Faysal Bank Ltd (FBL) and National Institutional Facilitation Technologies (Pvt ) Ltd (NIFT) have agreed on a digital collaboration roadmap starting with the Digitization of Cheque Deposits a significant step towards paperless banking With a signing ceremony held both the entities will be joining hands to offer customers a secure, convenient, and digital alternative to the traditional paper-based cheques This planned initiative of digital cheque deposits , powered by NIFT will empower Faysal Bank customers to digitize paper cheques via Faysal Bank s mobileapp providing customers with faster processing times, improved experience PR

PARC committed to enhancing capacity-building efforts, says

I M R A N R E V O K E S PA R T Y M E M B E R S H I P O F A L L D E F E C T O R S

LAHORE S TA

PTI Chairman Imran Khan has cancelled the basic membership of all leaders and officebearers who had quit the party during the past few days

Although several leaders have parted ways with PTI in the fallout of the May 9 violence, the most notable among them were senior vice president Fawad Chaudhry, former federal ministers Shireen Mazari, Aamer Mehmood Kiani and former adviser to PM Malik Amin Aslam

It is not yet clear whether the PTI chief has revoked the membership of Asad

Umar who had stepped down as secretary general and a member of the core committee but had not quit the party altogether

Mr Khan also ordered the removal of defectors who were part of the party’s core committee They will no longer be part of PTI s WhatsApp groups and the social media accounts will be updated to modify the references of the defectors Separately, in a statement on Thursday, the PTI chairman said his party’s leaders

and workers were facing the full force of state terror Orders their removal from WhatsApp groups; says workers and leaders facing full force of state terror

The statement was released on Twitter to mark one year since the PTI workers clashed with the police during the long march towards Islamabad

He said the events of May 25 2022 commenced our descent into fascism

Mr Khan recalled that while he was in power, the PDM parties who were then in the opposition held three long marches which “were allowed without any hindrance by his government

[But] we faced the full force of state terror

Mr Khan said as he recalled the crackdown on his party s leadership before the march Houses broken in the middle of the night and PTI office-bearers and workers kidnapped And then whoever got to Islamabad faced tear gas rubber bullets and police brutality he said in a tweet

The PTI chief said that last year s events were just the beginning and today the only federal party is facing the full fury of state power without any accountability

“Over 10,000 PTI workers and sup-

7 FIRs regarding May 9 incidents to be tried in military courts: Sanaullah

ISLAMABAD

Minister for Interior Rana Sanaullah shedding light on the May 9 violent protests and providing key statistics regarding the ensuing investigations and arrests Friday revealed that a total of 499 First Information Reports (FIRs) were registered in connection with the incidents and out of those only six or seven cases would be tried in military courts

Addressing a press conference here he said that the trial of 33 individuals involved in the May 9 mayhem had been shifted to the military courts

They were involved in attacking army installations during the protests that followed the arrest of Pakistan

Tehreek-e-Insaf (PTI) Chairman Imran Khan he added The minister informed that of the 33 individuals 19 belonged to Punjab while the remaining 14 were from Khyber Pakhtunkhwa (KPK)

Addressing the concerns raised about the enforcement of the Military Act on civilians, he clarified that military would investigate the cases but not take cognizance of them

He said that they would determine whether the Army Act or the Official Secrets Act applied in each situation

He said the Official Secrets Act and the Military Act were applicable to the violation of every defense and military location

He questioned that how and why the attack on Jinnah House, which was not just residence of military officials but a camp office of the Corps Commander and housed highly sensitive information and data should be considered a political protest adding it was the matter of national defence

He said the matter came within the jurisdiction of the Military Act, which was enforced in 1952, as the miscreants took important items such as laptops that might contain sensitive data and there were chances that this data and information might get into the hands of the county s enemies

The minister said over 5 000 individuals were apprehended, with approximately 80% of them already had released on bail

He added that out of the total arrests, 3,944 were made under the Anti-Terrorism Act (ATA), while 88 cases were specifically registered under the same act

The minister said Imran Khan had been engaged in divisive politics and spreading false narratives for last many years The PTI chief was responsible for the chaos, adding I warn of potential disaster if Imran Khan s actions were left unchecked

The minister said that toxic politics had infiltrated Pakistani society and was spreading its detrimental effects like an infectious virus He noted that this divisive political strategy had been facilitated both internally and externally with the intention of sowing seeds of hatred and cynicism among the people

The minister said that contrary to the PTI chief s claims, the public had never supported his toxic politics, as witnessed from the scarce number of participants in his political gathering

Only a group of trained terrorists who had been given special training at Zaman Park for launching attacks on state institutions and military installments were with Imran Khan throughout the period, he added

He also ruled out the possibility of PTI leaders quitting the party under pressure by questioning that if they were being pressurized to leave the party, why they were telling all the facts about the May 9 incidents Sanaullah said If they are quitting because of the hot conditions in the jail what should we do?

When we were in jails the condition was the same; if they cannot bear, it is not our fault

porters in jail including senior leadership and some facing custodial torture

He reiterated that the May 9 violence was condemned by the entire PTI leadership” but the state was using arson as a pretext to dismantle his party including “forced divorces” and prosecuting PTI leaders and supporters in military courts

Those in PDM and the journalist community who are cheerleaders for this yazeediyat should know that this is not dismantling PTI but our democracy i e our freedom ” Mr Khan added that “the attempt to enslave” PTI will fail as today s youth was politically aware and gets information from social media even as the media was being muzzled

LIST OF DEFECTIONS: The long list of PTI legislators and ticket-holders, who have so far announced parting ways with the party include Fawad Chaudhry former federal ministers Shireen Mazari Aamer Mehmood Kiani and Malik Amin Aslam former MNAs Wajahat Hussain and Khawaja Qutab Fareed Koreja and Haider Ali, former central deputy information secretary Dr Muhammad Amjad, former Punjab minister Fayazul Hassan Chohan,

former MPAs from Punjab Ayaz Khan Niazi Abdul Razaq Khan Niazi Makhdoom Iftikharul Hassan Gillani, Syed Saeedul Hassan, Saleem Akhtar Labar, Zaheeruddin Khan Alizai, Aun Dogar, Abdul Hai Dasti Malik Mujtaba Niaz Gishkori Alamdar Husain Qureshi Sajjad Hussain Cheena Sardar Qaisar Abbas Khan Magsi and Ashraf Rind and PTI West Punjab president Faizullah Kamoka

The PTI leaders from Khyber Pakhtunkhwa include MNAs Usman Tarakai, Malik Jawad Hussain, former provincial ministers Dr Hisham Inamullah Malik and Muhammad Iqbal Wazir former MPA Nadia Sher KP government s ex-spokesman Ajmal Wazir and provincial leader Malik Qayyum The PTI defectors from Sindh include MNA Jai Parkash, MPAs Bilal Ghaffar and Omar Omari PTI Sindh vice-president Mahmood Maulvi PTI Karachi president Aftab Siddiqui MPA Syed Zulfiqar Ali Shah Sanjay Gangwani and Dr Imran Shah Khairpur district president Syed Ghulam Shah and former Balochistan minister Mubeen Khilji have also left the PTI

Dar, Blome meet as IMF deal remains stalled

PR OFIT

S TA F F R E P O R T

Finance Minister Ishaq Dar and US Ambassador Donald Blome on Friday held a meeting aimed to address Pakistan’s pressing economic challenges wherein Dar also touched upon the stalled IMF loan programme

The finance minister assured Ambassador Blome of Pakistan s commitment to completing the IMF programme despite the obstacles However, discussions focused on the enduring bilateral relations between Pakistan and the United States, particularly in the economic and trade sectors Dar shared insights into the government’s economic policies and priorities aimed at fostering stability and growth Ambassador Blome expressed confidence in the

Punjab Board of Revenue implements strict measures to expedite proper t y mutation process

Pakistan Tehreek-e-Insaf (PTI) Chairman

Imran Khan on Friday asserted that attempts were being made to crush his party on the pretext of May 9 events, wherein military installations including Jinnah House in Lahore came under attack

Addressing the party workers and supporters the former prime minister lambasted the federal government for imposing the law of the jungle in the country saying that fundamental rights have been eliminated

While condemning the events that took place on May 9 – the day he was arrested in Al-Qadir Trust Imran Khan asked who will not condemn those incidents

The PTI chief said he was first alerted about the protests of May 9 by Chief Justice in a Supreme Court hearing Who does not condemn? Have we ever said we don t condemn?

Pakistani government’s policies and programs, highlighting their potential for economic sustainability and social uplift He extended support for promoting bilateral economic investment and trade relations

Despite the impasse Pakistan is actively exploring alternatives to meet financial obligations and seeking support from other sources, including China

Both parties acknowledged the urgency of addressing the obstacles and reaffirmed their dedication to strengthening bilateral relations

In conclusion the meeting highlighted the significance of addressing the stalled IMF deal and finding effective solutions to Pakistan s economic challenges The government s commitment and the support from the United States reflect a shared determination to overcome obstacles and foster economic stability

Imran gives go -ahead for legal ac tion against Q adir Patel, others

ISLAMABAD

S TA F F R E P O R T

Pakistan Tehreek-e-Insaf (PTI) de-

cided to take a legal action against Federal Health Minister Abdul Qadir Patel and others over his ‘shameful’ press conference wherein he raised questions pertaining to PTI Chairman Imran Khan s medical status

The decision was taken after PTI Chairman gave approval and its legal team under Barrister Abuzar Salman Niazi has started preparations in this regard Imran Khan approved to bring Abdul Qadir Patel NAB Ministry of Health and doctors of PIMS Hospital to justice

Action would be taken against Abdul Qadir Patel for his embarrassing press conference and baseless accusations under defamation

and other relevant laws

Earlier in the day, Health Minister Abdul Qadir Patel alleged that Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan’s mental stability is questionable’ as he cited the former prime minister s medical reports

The federal minister said that the former prime minister s samples were taken at the Pakistan Institute of Medical Sciences (PIMS) in Islamabad after he was arrested in the Al-Qadir Trust case on May 9

However Abdul Qadir Patel said Imran Khan was released before the medical report was submitted to the court The PTI chief was given an exemplary justice by higher judiciary,” he added Citing the medical report he claimed Imran Khan’s ‘mental stability is questionable The minis-

ter also said that the PTI chairman s urine sample was also taken during the interrogation He pointed out that the initial report shows the presence of toxic elements and the excessive usage of alcohol and cocaine

We will make one day Pakistan skiing capital of world Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan expressed his optimism that they would make Pakistan the skiing capital of the word one day In a statement on Friday PTI Chairman: The only thing I miss these days is hiking in our northern mountains with my sons Imran Khan stated that Allah has blessed Pakistan with the best mountain trekking in the world “Inshallah one day we will make Pakistan the skiing capital of the world he added

Freeze on 121 FIRs: LHC larger bench reser ves verdic t on Imran’s plea

LAHORE

The larger bench of Lahore High Court’s (LHC) on Friday reserved decision on Pakistan Tehreek-eInsaf (PTI) Imran Khan s plea seeking direction to quarters concerned for not taking any coercive measures and proceeding in connection with 121 FIRs registered against him

Will anyone want his own army to be weak?”

He alleged that there was a crackdown under way on his party across Pakistan without any investigation on the burning of the Lahore Corp Commander s House – also known as Jinnah House Attempts were being made to crush Pakistan Tehreek-e-Insaf (PTI) on the pretext of May 9 events,” the former premier added

Khan questioned why his party workers and supporters were being arrested everywhere if the burning of the Corps Commander s House only took place in Lahore What have people in Karachi to do with it? Why are you catching people elsewhere? he asked

He further said that now enforced divorces are happening across Pakistan, adding that politicians were being forced to quit PTI “It is thought that the party is being weakened by such acts he said

Earlier PTI Chairman Imran Khan cancelled the basic membership of all leaders

Najafi directed Imran s counsel Barrister Salman Sardar to complete his arguments today Sardar argued that there is not even a single decision on political victimization since 1974 adding that there is no example of what is happening around years old but criminal cases are being registered against him The law officer, opposing the petitioner ’s counsel’s arguments, s a i d a l l r e c o r d s o f c a s e s h a v e b e e n g i v e n t o t h e p e t i t i o n e r H e submitted that Imran had filed a p l e a i n t h e S u p r e m e C o u r t ( S C ) seeking the formation of the judic i a l c o m m i s s i o n o n t h e M a y 9 r i o t s a n d h a d a l s o r e q u e s t e d t h e a p e x c o u r t t o s t o p f u r t h e r p r oceedings against him

and office-bearers who had quit the party during the past few days

Although several leaders have parted ways with PTI in the fallout of the May 9 violence the most notable among them were senior vice president Fawad Chaudhry former federal ministers Shireen Mazari, Aamer Mehmood Kiani and former adviser to PM Malik Amin Aslam It is not yet clear whether the PTI chief has revoked the membership of Asad Umar who had stepped down as secretary general and a member of the core committee but had not quit the party altogether Mr Khan also ordered the removal of defectors who were part of the party s core committee They will no longer be part of PTI’s WhatsApp groups and the social media accounts will be updated to modify the references of the defectors Separately in a statement on Thursday the PTI chairman said his party s leaders and workers were facing the full force of state terror

LAHORE

The Punjab Board of Revenue has announced that the process of property mutation must be completed within seven days under all circumstances Furthermore arrangements will be made to deliver the necessary documents to the public at their doorstep after the mutation process, while stern action will be taken against officers and officials who fail to complete the mutation within the stipulated time frame According to details a special meeting was held in the Committee Room of the Board of Revenue chaired by Senior Member of the Punjab Board of Revenue, Nabeel Javed

The meeting was attended by Tax Member Tariq Qureshi, Director General of Punjab Land Records Authority (PLRA) Saira Omar Deputy Commissioner Sahiwal Akram-ul-Haq and other officers

The Senior Member of the Board of Revenue (SMBR) Punjab informed the committee about the progress regarding registration and mutation, and provided a detailed briefing on the progress made by the Punjab Information Technology Board (PITB) in implementing online challan procedures

Meanwhile SMBR stated that the commissioners and deputy commissioners across the province should ensure the timely implementation of all mutation cases within seven days He also directed the immediate submission of cases for amendment in Rule 108 of the West Pakistan Land Revenue Act, 1929, to his office

Furthermore, it was emphasized that the Punjab Land Records Authority should initiate registration on all service centers and develop a module for biometric metrics of parties The Director-General of the Punjab Anti-Corruption Deputy Inspector General of Environment, and Deputy Secretary of Finance, along with others, were instructed to present recommendations in a separate meeting regarding third-party certification for the DG PLRA and Member Taxes Construction Area Later under the leadership of SMBR a meeting was convened in the committee room to discuss the incident at Murree

The meeting was attended by the Secretary of Tourism, Director PDMC Tariq Mahmood Bokhari, Secretary Revenue Mehr Shafqatullah Mushtaq, Anti-Corruption Authority DG Environment Deputy Secretary Finance and Forests among others Commissioner Rawalpindi Liaquat Ali Chatha DC Rawalpindi and other officials participated in the meeting via video link

The officials from the Anti-Corruption Authority presented a report to the Senior Member of the Board of Revenue regarding the violations of building bylaws in Murree During the meeting it was decided to demolish the violating buildings and not tolerate any pressure

Additionally no construction in Murree would be allowed without obtaining a No Objection Certificate (NOC) from the 10 departments of the NOC A joint action team would be formed in collaboration with the Urban Unit to eradicate illegal encroachments on the Murree Expressway and construction of Galiyat By-Pass would be initiated Commissioner Rawalpindi Division Liaquat Ali Chatha was instructed to oversee the construction work Furthermore, it was emphasized that necessary measures should be taken to ensure the safety of tourists and residents in Mari to prevent any recurrence of incidents like the Mari tragedy All departments including the Meteorological Department and PDMC were directed to enhance coordination Moreover it was decided to notify the sites of parking plazas for the convenience of tourists in Mari, and awareness should be provided to school children for traffic discipline

In an effort to reduce plastic waste, a crackdown was announced against the sale of plastic bags in Murree and strict actions would be taken against violators It was also decided that no tree-cutting would be tolerated and special measures would be taken to protect forests from fire hazards

g NO CONSTRUCTION IN MURREE PERMITTED WITHOUT OBTAINING NOC FROM 10 DEPARTMENTS, SAYS SMBR