Epaper_24-01-17 ISB

PM KAKAR MEETS WORLD LEADERS ON SIDELINES OF WEF SUMMIT In partnership with

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Wednesday, 17 January, 2024 I 5 Rajab, 1445

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DISCUSS LOCAL AND GLOBAL IMPACTS OF CLIMATE CHANGE WITH US’S SPECIAL ENVOY JOHN KERRY

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DAVOS, SWITZERLAND

HOLDS MEETING WITH LEBANESE COUNTERPART, AGREES TO STRENGTHEN BILATERAL RELATIONS

STAFF REPORT

ARETAKER Prime Minister Anwaarul Haq Kakar on Tuesday met US Presidential Special Envoy on Climate John Kerry on the sidelines of the World Economic Forum (WEF).

During the meeting, they discussed the local and global impacts of climate change.

The two leaders also discussed the climate change-related challenges being faced by the developing countries.

On the other hand, Caretaker Prime Minister Anwaarul Haq Kakar his Lebanese counterpart Najib Mikati and both the leaders reiterated their resolve to strengthen the bilateral relations between the two countries.

In the meeting that took place on the sidelines of the WEF, the Pakistan and Lebanon premiers agreed to strengthen bilateral relations.

During the meeting, the two leaders discussed the overall situation in the region. They also expressed concerns over the atrocities committed by Israel on innocent Palestinians, especially children and women.

Meanwhile, Caretaker Prime Minister Anwaarul Haq Kakar on Tuesday met Sri Lankan President Ranil Wickremsinghe on the sidelines of the World Eco-

nomic Forum.

During the meeting, they discussed ways to promote trade and investment between the two countries.

The prime minister is attending the 54th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland.

Caretaker Prime Minister Anwaarul Haq Kakar has been Davos to attend the 54th annual meeting of the World Economic Forum (WEF) being held in Switzerland. The caretaker PM will in-

Six-member JIT set up to probe ‘social media slur’ against SC judges ISLAMABAD

STAFF REPORT

The Interior Ministry on Tuesday notified a sixmember joint investigation team (JIT) constituted, to “ascertain facts behind malicious social media campaign” against Supreme Court judges.

The caretaker government formed the joint investigation team (JIT) under Section 30 (power to investigate) of the Prevention of Electronic Crimes Act, 2016 and the Interior Ministry issued the notification on Tuesday. The JIT headed by Additional Director General Federal Investigation Agency’s Cyber Crime Wing, comprises representatives of the Intelligence Bureau (IB), InterServices Intelligence (ISI), the DIG Islamabad police, representative of the Pakistan Telecommunication Authority (PTA) and any other co-opted member.

The notification highlighted that the terms of reference of the JIT would be to “ascertain facts behind malicious social media campaign attempting to malign the image of the honourable judges of the Supreme Court”. The committee would also be responsible for identifying and bringing culprits to book in accordance with relevant laws, presenting challans in relevant courts and recommending measures to prevent such incidents in future.

“The JIT shall submit a preliminary report to the Ministry of Interior within a fortnight,” the notification said, adding that the FIA headquarters would provide support to the panel during the investigation. The authorities did not identify any social media posts they deem to be part of the campaign.

After marathon hearings last week, a three-member bench of the apex court — headed by Chief Justice of Pakistan Qazi Faez Isa — had upheld the Election Commission of Pakistan’s decision to revoke the PTI’s iconic electoral symbol ‘bat’ and declare its intra-party polls as “unconstitutional”.

The verdict was criticised by legal eagles and political experts. The Human Rights Commission of Pakistan had also expressed concern over the judgment.

Rs 15.00 | Vol XIV No 199 I 8 Pages I Islamabad Edition

vite international community to invest in Pakistan under the Special Investment Facilitation Council (SIFC) initiative.

The prime minister arrived in Switzerland on Sunday to participate in the Davos event, which will continue till January 19. He was welcomed in Zurich

by Pakistan’s permanent representative to Geneva, Bilal Ahmed, and Swiss Ambassador Amir Shaukat as well as other senior diplomatic officials.

According to a Foreign Office spokesperson, the prime minister will de-

liver a keynote address on the theme “Trade tech’s trillion dollar promise”.

PM Kakar will also attend three key thematic events — “Preventing an era of global conflicts”, “Restoring faith in the global system”, and “Preventing economic fractures”.

The FO spokesperson said PM Kakar would also hold meetings with government and business leaders on the sidelines of the event as well as lead an “Invest in Pakistan” event.

Pakistan used last year’s WEF summit to spotlight the immense damages inflicted by the disastrous 2022 floods and seek international economic assistance from world powers.

A source in the PM Office told Dawn that PM Kakar would invite world states to take benefit of investment in Pakistan, particularly when a conducive environment and facilities are being provided to the investors under the SIFC. According to the WEF, the annual meeting of the forum, with the participation of over 300 public figures including more than 60 heads of state and government, will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency, and accountability among leaders.

The forum was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland.

Imran rejects charges as trial court indicts PTI’s founder, wife in Iddat case ISLAMABAD

STAFF REPORT

A Rawalpindi hearing the Iddat case against PTI founding chairman Imran Khan and his spouse Bushra Bibi, indicted the couple on Tuesday, which Imran rejected as ‘conspiracy’ against him and pleaded not guilty.

Senior Civil Judge Qudratullah framed the charges against the couple on a complaint filed by Bushra Bibi’s ex-husband Khawar Farid Maneka under Sections 34 (common intention), 496 (marriage ceremony fraudulently gone through without lawful marriage) and 496B (fornication) of the Pakistan Penal Code.

The hearing was conducted at Adiala Jail, where Imran is incarcerated. Ever since his arrest in August last year, the PTI founder has been indicted in multiple cases, including the Toshakhana reference, cypher case and the contempt case against the Election Commission of Pakistan (ECP). Last week, despite being already incarcerated, Imran was arrested by Rawalpindi police in at least a dozen cases pertaining to the May 9 violence, including the attack on the General Headquarters (GHQ).

At the previous hearing, Judge Qudratullah had deferred the indictment in the Iddat case due to Bushra Bibi’s absence. Separately, the Islamabad High Court (IHC) had reserved its order a day earlier

Iran says Balochi militant group bases attacked in Pakistan: state media g

PAKISTAN LODGES STRONG PROTEST AGAINST ‘UNPROVOKED’ VIOLATION OF ITS AIR SPACE DUBAI

REUTERS

Two bases of Balochi militant group Jaish al Adl in Pakistan were targeted by missiles on Tuesday, Iranian state media reported, a day after Iran’s elite Revolutionary Guards attacked targets in Iraq and Syria with missiles. The militant group has previously mounted attacks on Iranian security forces in the border area with Pakistan. “These bases were hit and destroyed by missiles and drones,” Iranian state media reported, without elaborating. Pakistan’s Strong Condemnation of the Unprovoked Violation of its Air Space Pakistan late Tuesday night strongly condemns the unprovoked violation of its airspace by Iran which resulted in death of two innocent children while injuring three girls. This violation of Pakistan’s sovereignty is completely unacceptable and can have serious consequences.

“It is even more concerning that this illegal act has taken place despite the existence of several channels of communication between Pakistan and Iran.

Pakistan’s strong protest has already been lodged with the concerned senior official in the Iranian Ministry of Foreign Affairs in Tehran. Additionally, the Iranian Charge d’affaires has been called to the Ministry of Foreign Affairs to convey our strongest condemnation of this blatant violation of Pakistan’s sovereignty and that the responsibility for the consequences will lie squarely with Iran,” the statement added.

Pakistan has always said terrorism is a common threat to all countries in the region that requires coordinated action. Such unilateral acts are not in conformity with good neighbourly relations and can seriously undermine bilateral trust and confidence, the statement added. Iran’s state news agency, Tasnim, reported that Two key strongholds of the Jaysh al-Dhulm (Jeysh alAdl) terrorist group in Pakistan have been obliterated through precision missile and drone strikes.

Govt mobilizes thousands of security forces for upcoming general elections

CONTINUED ON PAGE 03

ISLAMABAD

STAFF REPORT

on a petition seeking to stay trial proceedings in the case.

During the hearing today, Bushra Bibi and Imran appeared before Judge Qudratullah. However, the former first lady left the hearing midway citing health reasons.

“She is not feeling well and has left for the hospital,” PTI lawyer Usman Gul told the court.

At that, the judge inquired if Bushra Bibi had taken permission before leaving the hearing halfway through. “There is a procedure that needs to be followed when one wants to leave. You are a lawyer, you must know that,” he stated.

“Have you ever, to date, fulfilled any commitment?” the irked judge asked the PTI lawyer. He recalled that the court had issued arrest warrants at the previous hearing but withdrew them “keeping the esteem” of PTI leader Latif Khosa.

Subsequently, Gul filed a plea

seeking permission for Bushra Bibi’s exemption from the hearing. However, prosecutor Rizwan Abbasi opposed the petition, arguing that the medical report submitted by Imran’s spouse didn’t show any medical problems. “Bushra Bibi was in court, she cannot deceive anyone like that,” he further contended.

Meanwhile, Judge Qudratullah said a petition for exemption from hearing was only filed when a person was not in the court. “But Bushra Bibi was in court and she left without taking permission,” he noted and sought details of the time of the former first lady’s entry and exit from jail.

Addressing the jail authorities, the judge inquired: “With whose permission did you allow Bushra Bibi to leave prison?” In response, the Adiala Jail superintendent said Imran’s spouse entered the prison at 11:30am and left at 1:45pm.

The government will saturate Khyber Pakhtunkhwa with thousands of security forces before the February 8 general election, officials said on Tuesday, as Pakistan battles rising militancy ahead of polls.

On February 8, the country will vote in delayed polls already marred by allegations of pre-poll rigging, with former prime minister Imran Khan jailed and barred from running. Previous election campaigns have witnessed spasms of violence, with scores of candidates and voters targeted by bombings and gun attacks. In the first week of February some 5,000 paramilitary Frontier Constabulary (FC) forces will deploy to the KP bordering Afghanistan, commander Moazzam Jah Ansari told AFP. Last week, an independent candidate running for the provincial assembly was killed alongside two aides when his car was hit by a spray of gunfire as he campaigned in the province, police said. A senior regional government official told AFP there was a “deteriorating security situation”, and “additional police teams will be deployed at polling stations” on voting day.

A further 1,700 FC forces will be stationed in Islamabad and 400 in Karachi, tasked with backing up police who bear the brunt of militant attacks.

Meanwhile on Tuesday, in an order issued by his office, caretaker Sindh Chief Minister Maqbool Baqar warned “there have been multiple reports of attacks on candidates” running for the election.

Some have been “kidnapped in broad daylight”, he said, describing it as a “rising tide of crime”.

Why is HUBCO doubling down on Thar Coal?

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A SHAKEUP IN SHAREHOLDING OF SINDH ENGRO COAL MINING COMPANY IS ON CARDS AS HUBCO LOOKS TO HAVE A BIGGER PIECE OF PIE ANALYSIS PROFIT DANIYAL AHMAD

Fresh from raking in its highest profits ever, and amid whispers of forging a partnership with China’s BYD Auto to usher in more electric vehicles in Pakistan, the Hub Power Company (HUBCO) has revealed that it will increase its stake in the Sindh Engro Coal Mining Company. With an existing 8% share in the Sindh Engro Coal Mining Company, does bolstering its stake hold merit?

At least at an initial appraisal, it appears so.

HUBCO’s strategy to augment its shareholding in Sindh Engro Mining is a shrewd manoeuvre on several fronts: it facilitates the streamlining of its own supply chain for two of its nascent plants, endows it with greater leverage in negotiations with the government over the circular debt co-

nundrum, it is a secure investment that aligns seamlessly with HUBCO’s extant investment and risk profile, and it is one that promises to yield higher returns as the Thar Block II mine is undergoing an expansion with possibilities of future expansions. .

HUBCO isn’t the sole entity positioned to reap the benefits from the deal. Individual shareholders are likely to exhale a sigh of relief with the move, whilst banks looking to expand their credit lines are also set to be elated. Any joint venture partner in Sindh Engro Coal that wishes to diminish their share, thereby enabling HUBCO to enhance theirs, is also likely to profit, cognisant of the advantages this will confer upon HUBCO. “It is merely HUBCO consolidating their triumphant run, so there should be no trepidation amongst individual shareholders,” declares Farid Alam, the Chief Executive Officer at AKD Securities. Similarly, “HUBCO is one of the most sought-after

credits in the market. If it is bolstering its shareholding in a company, it should be perceived as a favourable development,” asserts Adnan Naqvi, the Group Head of Corporate and Investment Banking at the Pak-Brunei Investment Company.

What is the impetus driving HUBCO to invest? We tried to contact both HUBCO and Sindh Engro Coal, but we were met with silence from both of them.

So, what precisely is the Sindh Engro Coal Mining Company, and what renders it so enticing to HUBCO? Building on a good year Before we delve into the heart of the matter, let’s take a moment to acknowledge what was a monumental year for BUBCO. In 2023 the company made an eye-watering profit of Rs 62 billion. This figure is more than double the earnings of the previous year, and astonishingly, it’s nearly on par with the cumulative profits of the three years leading up to 2022. We’ve already

dissected the sources of HUBCO’s extraordinary windfall in a previous discourse.

Among the significant augmentations to HUBCO’s revenue streams were its two avant-garde power plants: the Thar and ThalNova. The former commenced operations in the autumnal month of October 2022, whilst the latter — an associated entity — became operational in the frosty February of 2023. The Thar plant contributed a staggering Rs 7 billion to HUBCO’s coffers, a revenue stream that was hitherto nonexistent, whilst ThalNova generated proceeds of Rs 1.9 billion for the first time since the dawn of 2020.

What sets these two new plants apart is their reliance on indigenous Thar coal, and their consistent ranking amidst the top five the merit order for electricity generation since their inauguration. The only blip was a brief fortnight in the balmy May of 2023, when Thar Energy momentarily slipped to the sixth position.

This ranking provides a safety net for HUBCO against potential reductions in energy purchases by the Government of Pakistan from power companies, in the event of a demand downturn. Even a minimal demand for electricity ensures that HUBCO’s Thar Plant and ThalNova can sell electricity due to their advantageous position in the merit order. The novelty of both plants also guarantees that electricity purchases by the Government of Pakistan from these plants will be a completely fresh income stream going forward, supplementing existing purchases by other plants and the historic capacity payments that HUBCO has reaped from.

This becomes all the more pivotal because all of HUBCO’s other direct and associated plants languish in the middle to lower ranks of the merit list. Government purchases from these plants will obviously not be as reliable as the aforementioned duo. Hence, bolstering your stake in the mines that will fuel your two most dependable plants is a textbook example of vertical integration.

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02 NEWS

ENERGY SECTOR CIRCULAR DEBT HITS RECORD RS5.73TR DESPITE TARIFF HIKES

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VIABILITY OF POWER AND GAS SECTOR COMPANIES CONTINUES TO DETERIORATE DUE TO CIRCULAR DEBT, AFFECTING PAKISTAN'S BORROWING OPTIONS This amount represents 5.4% of Pakistan’s GDP, underscoring the ineffectiveness of price hikes as a strategy to mitigate the circular debt issue. The IMF, in a statement dated November 15th, had already underscored the urgency of addressing the burgeoning circular debt, which at the time accounted for over 4% of the GDP. The recent figures not only indicate a failure in policy implementation but also raise concerns about the strategies advised by the World Bank, the IMF, and the Pakistani government. Despite successive increases in gas and electricity tariffs, affordability remains a pressing issue for consumers. Another round of gas price hikes is anticipated as part of the

PROFIT

News Desk

AKISTAN’S energy sector is grappling with soaring circular debt, now reaching a staggering Rs5.73 trillion, as revealed by official documents.

This figure has exceeded the previous estimate reported to the International Monetary Fund (IMF) two months ago by Rs1.5 trillion. The breakdown of this debt shows that the power sector’s dues have surpassed Rs2.7 trillion, while the gas sector owes over Rs3 trillion, cumulatively pushing the total unfinanced debt to Rs5.73 trillion.

FBR removes several items from negative list, boosts tax adjustment for export industries

IMF program conditions.

The government’s handling of the energy sector is further brought into question with the appointment of an additional secretary from the Ministry of Finance to the board of directors of the Sui-Northern Gas Pipeline Limited (SNGPL). During the current fiscal year, electricity prices have been raised by over Rs8 per unit, and gas prices have seen a 520% increase since November.

Energy Minister Mohammad Ali has proposed a plan to reduce the energy sector’s circular debt by Rs1.268 trillion or 22% of the total debt. This plan, which includes budget support for three days, awaits approval from the IMF and boards of state-

LSM shows 1.6% growth in November amidst mixed sector performance g

PROFIT

DESPITE MODEST GROWTH, LARGE-SCALE MANUFACTURING INDUSTRY EXPERIENCED AN OVERALL CONTRACTION OF 0.80% IN FIRST FIVE MONTHS OF 2023-24 FISCAL YEAR

News Desk

The Federal Board of Revenue (FBR) has made significant amendments to the Sales Tax General Order (STGO) Number 9 of 2023, resulting in the exclusion of several items from the negative list. This change enables manufacturers in five major export sectors – textile, leather, carpets, surgical, and sports – to claim input tax adjustments on various industrial inputs. Initially, the negative list in STGO 9 comprised 714 items for which input tax adjustment was not permissible for these sectors. The FBR’s latest decision marks a shift in policy, aiming to support these vital export industries. As per the updated guidelines, certain items under specific Pakistan Customs Tariff (PCT) headings will now be exempt from the constraints of STGO 9. This exemption allows exporters in sectors such as leather and sports, including tents and canvas, to claim input tax adjustments on purchases of raw materials like tubes, pipes, and glass fibers, which are essential to their manufacturing processes. Prior to this revision, the input tax adjustment was restricted for manufacturers in these sectors for goods deemed unrelated to their business activities, as outlined in the negative list attached to STGO 9. The FBR has clarified its authority to modify the annexures or conditions as necessary, based on recommendations from field formations overseeing these exportoriented sectors. This move is seen as a step towards facilitating the growth and competitiveness of these key export industries.

Telecard approves selling entire shareholding in Supernet to Hallmark PROFIT

News Desk

owned companies. A similar plan by the Ashfaq Tola-led committee was previously hindered by bureaucratic obstacles.

The proposed settlement plan by the government also involves waiving late payment surcharges worth Rs133 billion from state-owned companies. However, the viability of power and gas sector companies continues to deteriorate due to the circular debt, affecting Pakistan’s borrowing options.

The country owes over Rs400 billion to Chinese power plants, and China has now conditioned the approval of a $600 million commercial loan on settling this portion of the debt. The interim government has proposed a reduction in electricity tariffs for industrial consumers from 14 cents to 9 cents per unit. However, this plan, which includes withdrawing subsidies from domestic consumers to support the industrial sector, is yet to be approved by the Special Investment

Telecard Limited’s board has approved and authorised the selling of its complete shareholding in its subsidiary, Supernet Limited to Hallmark Company Limited. In a notice sent to the Pakistan Stock Exchange (PSX) on Tuesday, Telecard said that the decision was made in an extraordinary general meeting of the board conducted on January 16, 2024. Telecard’s entire shareholding in Supernet constitutes 100,216,722 shares – 81.18% of the total issued and paid-up share capital. Telecard’s entire shareholding in Supernet is sold to its other direct subsidiary Hallmark Company Limited. The transaction amount of selling complete shareholding is Rs 1.31 billion, read the notice. Another notice by Hallmark suggests that the company’s extraordinary general meeting held on January 15 approved making an equity investment in its associated company, Supernet Limited.

Hallmark’s notice further reports an increase in authorised share capital from Rs 1.25 billion to Rs 1.5 billion.

PROFIT

News Desk

Pakistan’s Large-Scale Manufacturing (LSM) sector displayed a slight recovery in November, registering a growth of 1.59% compared to the same month last year, according to the latest data from the Pakistan Bureau of Statistics.

This uptick follows a period of contraction in the previous month.

The sectors contributing to this growth include food, beverages, textiles, leather products, petroleum products, and chemicals. LSM had previously seen a positive shift in August 2023 after 14 months of decline, a trend that continued into September.

Factors such as the lifting of import restrictions, resolution of outstanding letters of credit, and increased dollar liquidity due to improved foreign exchange reserves of the State Bank of

Pakistan (SBP) are believed to have aided this recovery.

Out of 22 LSM sectors, 12 showed positive growth in November. These include food (1.80%), beverages (19.09%), wearing apparel (27.79%), leather products (3.55%), wood products (31.82%), petroleum products (2.77%), fertilizers (21.37%), pharmaceuticals (23.62%), machinery and equipment (99.46%), and textiles (0.41%).

Despite this growth, LSM experienced an overall contraction of 0.80% in the first five months of the 2023-24 fiscal year. The textile and clothing sector saw mixed results, with decreases in yarn (2.80%) and cloth (3.89%) production, but a significant increase in the garment sector (27.79%).

The food group witnessed a decline in wheat and rice production by 2.76%, while cooking oil and vegetable ghee production rose by 25.31% and 0.19%,

respectively. Petroleum products grew by 2.77%, attributed to increases in petrol (7.63%), high-speed diesel (5.19%), LPG (4.35%), and kerosene (44%) production.

Conversely, November saw a decline in iron and steel production (0.63%) and electrical equipment (7.84%). Fertilizers and pharmaceuticals, however, recorded significant growths of 21.37% and 23.62%, respectively.

The auto sector faced a substantial decline of 66.07% in November. The finance ministry attributed this to increased input costs and tightened auto finance, leading to reduced car production and sales (58.1% and 53.3%, respectively), and truck & bus production and sales (56.1% and 47.2%). Tractor production and sales, however, saw increases of 60.7% and 98.2%.

Petroleum product sales decreased by 16% to 6.45 million tonnes, down from 7.70 million tonnes in the same period last year. November oil sales were recorded at 1.37 million tonnes, an 11% decrease year-over-year.

Cement dispatches in November 2023 totaled 3.924 million tonnes, a 2.1% decrease from 4.009 million tonnes in the same month the previous year. However, total cement sales (domestic and exports) in July-November FY24 were 10.8% higher than the corresponding period last year, with domestic dispatches up by 2.04% and export dispatches increasing by 104.6%.

KAPCO shows interest in equity stake of Tenaga Generasi PROFIT

News Desk

Kot Addu Power Company (KAPCO) has placed a bid to acquire an equity stake in Tenaga Generasi Limited, which owns a 49.5 MW wind power project located in Sindh, according to a notice sent by the company to the Pakistan Stock Exchange (PSX) on Tuesday.

As per KAPCO’s notice, if the bid becomes successful, then it will own a majority stake in Tenaga Generasi, a subsidiary of Dawood Lawrencepur Limited. “Discussions about the potential acquisition transaction are in the preliminary stage and are subject to shareholders’ approval,” the company’s notice further said.

In its annual report 2023, KAPCO has indicated its priority of investing in renewable energy sources.

“The Board of Directors continues to review different options for diversification of the Company’s business.

Options for acquisition of shareholding in greenfield and brownfield projects are being reviewed in conjunction with initiatives for growth in environmen-

tally friendly renewable (solar and wind) projects,” Chairman KAPCO Lt. General (Retd.) Sajjad Ghani.

Additionally, the annual report explains that diversification opportunities exist for the company in greenfield and brownfield projects.

Furthermore, KAPCO has developed ways to decrease costs on fossil fuels, lower emission levels, and, most importantly, use renewable energy sources that do not deplete. Hence, KAPCO plans to seek growth opportunities in solar and wind energy projects.

KAPCO’s transformation policy to shift to renewable energy in the future, highlighted by its chairman, reflects that the company is planning to work on reducing its carbon footprint to become a more socially responsible brand in the energy sector.

However, KAPCO’s financial performance in 2023 created some potential concerns for shareholders because there was a clear reduction in the company’s operating profits and net profits from 2022 to 2023.

There was a gross (loss) in 2023, but the company ended up generating

net profit in 2023 because of the other income of Rs 15.8 billion generated from investments in financial and nonfinancial assets, which was added up in the company’s operating profit.

Therefore, the question is whether the KAPCO can allocate funds for the potential acquisition, especially when the KAPCO is generating low profits from its current operations in its last fiscal year. On the other hand, Tenaga Generasi is a subsidiary of Dawood Lawrencepur Limited.

Dawood Lawrencepur’s financials reported for the third quarter, which ended on 30 September 2023, suggested that the Tenaga Generasi wind power plant of 49.5 MW came to a financial close in March 2015 and received the government of Pakistan guarantee.

Therefore, the government policy to help sustainable energy-generating companies has potentially saved Tenaga Generasi in 2015. In 2024, if KAPCO successfully acquires Tenaga Generasi, then it will strengthen its policy of acquiring shareholding in greenfield projects.

Global economy to struggle with tight financial conditions this year: WEF g

CHIEF ECONOMISTS OUTLOOK REPORT SAYS THAT DESPITE A GENERAL SCALING BACK OF HIGH INFLATION EXPECTATIONS GLOBALLY, REGIONAL GROWTH FORECASTS ARE MIXED PROFIT

News Desk

The Chief Economists Outlook report released by the World Economic Forum (WEF) on the occasion of its annual session in Davos on Monday says that the global economy will struggle with tight financial conditions in 2024.

The majority of chief economists surveyed anticipate a weakening global economy this year, with 43% expecting conditions to remain the same or improve.

There is a consensus that both labour markets (77%) and financial conditions (70%)

are likely to relax in the coming year.

Despite a general scaling back of high inflation expectations globally, regional growth forecasts are mixed. No region is expected to experience very strong growth in 2024. The report, compiled by the World Economic Forum’s Centre for the New Economy and Society, reflects inputs from chief economists across public and private sectors.

Saadia Zahidi, Managing Director of the World Economic Forum, highlighted the fragile nature of the current economic landscape, stressing the need for global cooperation to foster sustainable and inclusive growth. She noted that while global inflation

might be easing, growth is slowing, financial conditions are tight, and geopolitical tensions and inequalities are intensifying.

In terms of regional outlooks, South Asia and East Asia, and the Pacific maintain a positive stance with a majority expecting at least moderate growth in 2024.

However, China’s growth expectations are more tempered at 69%, due to factors such as weak consumer spending, industrial production challenges, and property market issues.

Europe’s economic forecast has deteriorated since September 2023, with 77% of respondents now anticipating weak or

very weak growth, nearly double the previous survey’s figure.

The outlook is also less optimistic in the United States and the Middle East and North Africa, with around 60% of respondents expecting moderate or stronger growth, a decrease from previous figures.

Conversely, growth expectations in Latin America, the Caribbean, sub-Saharan Africa, and Central Asia have seen a notable improvement, though the forecast remains for moderate growth overall.

The report also indicates a rising concern among economists regarding geoeconomic fragmentation.

Approximately 70% expect this trend to accelerate in 2024, with a majority foreseeing increased volatility in the global economy and stock markets due to geopolitical factors.

Wednesday, 17 January, 2024 | ISLAMABAD

Facilitation Council.

Additionally, the interim government has imposed a monthly fixed charge of Rs465 to Rs1,500 on gas consumers, leading to a substantial rise in gas prices. This increase contradicts the government’s claim that it is not part of the price hike and is disputed by the Pakistan Bureau of Statistics.

In 2022, public sector companies, including all ten power distribution companies, reported combined losses of Rs730 billion. The Lahore Electric Supply Company, once deemed efficient, recorded a loss of Rs30.2 billion, while the National Highway Authority topped the list of loss-making entities with Rs168.5 billion.

The Ministry of Privatisation has advised against the privatization of the power sector, recommending instead the outsourcing of its management. The power sector currently employs around 140,000 people.

Pakistan’s investment bonds draw Rs157b, yields show notable decrease

PROFIT

News Desk

The State Bank of Pakistan (SBP) has successfully raised Rs157.529 billion in a recent auction of Pakistan Investment Bonds (PIBs), though it fell short of its Rs190 billion target. During the auction, the SBP had a substantial offering of Rs460 billion worth of bonds. The results showed a preference among investors for shorter-term bonds: Rs81.1 billion was raised for threeyear bonds, Rs40.574 billion for five-year bonds, and a lesser amount of Rs1.521 billion for ten-year bonds, based on competitive bids. Additionally, the central bank gained Rs34.333 billion through noncompetitive bids, taking the total to Rs157.529 billion. This auction was characterised by the absence of short selling, and notably, no bids were received for the longer 15, 20, and 30-year PIBs. The yields, or the returns investors will receive, were set at 16.8% for the three-year bonds, 15.5% for the five-year bonds, and 14.5% for the tenyear bonds. These rates represent a decline of 50 bps compared to previous auctions.

Comparing to the last PIB auction held on December 20, 2023, there was a decrease in yields for these bonds: 40 basis points for three-year bonds, 30 basis points for fiveyear bonds, and 50 basis points for ten-year bonds. This reduction in yields is interpreted by market analysts as a sign that investors expect a fall in interest rates in the near future. In contrast, during the last PIB auction, the SBP had raised Rs396.57 billion, which was more than double its target of Rs190 billion. The yields then had also dropped, but by a smaller margin of up to 19 basis points.

Lotte Chemical Pakistan closes its operations for 10 days PROFIT

News Desk

Lotte Chemical Pakistan has announced to suspend its plant operations for 10 days from January 15, 2024, to January 24, 2024. As per a notice sent to the Pakistan Stock Exchange (PSX) on Monday, Lotte Chemical Pakistan made the plant suspension decision to manage inventory efficiently. The company’s reported financials reveal an increase in stock-in-trade in previous years, as the figure below reflects.

Lotte Chemical’s financials suggest an increase in stock-in-trade value by 45.83% from 2021 to 2022 and by 73.42% from 2022 to nine months ending September 2023.

Additionally, stock-in-trade also reduced the cash flows from operations in 2021 and 2022 – reflecting inventory management issues. The Annual Report 2022 of Lotte Chemicals Pakistan explains that stock-in-trade comprises raw materials and finished goods, which are stated at lower of cost and estimated net realisable value. The annual report further reveals that total assets increased by 22% due to higher stock-in-trade and trade debts at year-end, which consequently increased the return on assets to 23.3% from 13.1%. This resulted in a 44.0% return on equity compared to 24.5% in 2021. Therefore, where high stock-in-trade potentially generates inventory management issues, it also helps generate high returns on assets and shareholders’ provided money. Earlier, in a notice to PSX on January 12, Lucky Core Venture (LCV) Limited, a wholly-owned subsidiary of Lucky Core Industries Limited, terminated the share purchase Agreement signed on January 26, 2023, with Lotte Chemical Corporation for the acquisition of approximately 75.01% of issued capital of Lotte Chemical Pakistan. However, LCV specified the reason for not acquiring the LCPL as the conditions required for completion could not be met within the time stipulated in the Share Purchase Agreement.

NEW PLAN LAUNCHED TO PROMOTE COOPERATION WITH PAKISTAN, OTHER STATES VIA SILK ROAD Wednesday, 17 January, 2024 | ISLAMABAD

NEWS

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SHANGHAI

Staff RepoRt

REENLAND Global Commodity Trade Hub, a permanent platform for China International Import Expo (CIIE), issued Shanghai’s first enterprise-focused Silk Road e-commerce development plan, China Economic Net (CEN) reported on Tuesday.

This initiative, which is aimed at bolstering international trade, coincided with the unveiling of the Belt and Road countryspecific live streaming platform “G-ONAIR”, with the first batch of merchants signing agreements and the first set of partnerships with “Silk Road Ecommerce” international partners.

The head of the Nepalese pavilion, Frank, expressed his willingness to leverage the platform to establish a “Chinese Commodity Exhibition Hall” in Kathmandu and import Chinese electromechanical electronics, equipment, and medical devices to Nepal.

Habib, head of the Pakistani pavilion, wanted to expand cooperation with Chinese counterparts in importing new energy vehicles, automotive components, and photovoltaic products – which are in highly demand in Pakistan – from China to his country.

To date, the hub has opened 63 national pavilions, 43 pavilions dedicated to BRI and 19 to Silk Road E-commerce.

These pavilions feature unique products and cultural stories from partner countries and highlight the innovative potential of this e-commerce model.

In addition to bringing Chinese products to the world, the concept of Silk Road Ecommerce is committed to showcasing exotic beauty from all around the globe to Chinese customers.

It is worth mentioning that during the recent New Year holiday, the Trade Port’s various “Silk Road E-commerce” national pavilions organized a special live streaming event, namely “Explore the Silk Road, Welcome the New Year, Benefit the World,” where foreign merchants showcased numerous exotic products from their countries to the Chinese.

Goods such as Afghan lapis lazuli jewelry, Nepalese cashmere scarves, and

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Pakistani camel skin lamps gained immense popularity among Chinese buyers.

BRT Peshawar surpasses 329,000 daily passengers amid Chief of the Air Staff, Air Chief Marshal Zaheer growing confidence Ahmed Baber Sidhu, Pakistan Air Force has led the PAF

Comprehensive strategy adopted to establish PAF as potent force ISLAMABAD

Staff RepoRt

Pakistan attaches great significance to ties with Kazakhstan, says Jamal Shah ISLAMABAD

Staff RepoRt

Ambassador of Kazakhstan to Pakistan Yerzhan Kistafin on Tuesday called on Caretaker Federal Minister for National Heritage and Culture Jamal Shah here at National Heritage and Culture Division. During the meeting, the discussion was held on several areas of cooperation, with a particular emphasis on enhancing cultural exchange and people-to-people contact between Kazakhstan and Pakistan, especially in the fields of art, culture, heritage, film, cinema to cultivate deeper and better understanding between the people of both countries. The Minister said that Pakistan attaches great significance to its relations with Kazakhstan which share mutual vision of regional cooperation. He said that Pakistan and Kazakhstan were enjoying friendly and brotherly relationship and a lot of potential existed to further enhance it between the two countries. He said that this region is very rich in cultural heritage and beautiful terrains. Jamal Shah said that film industry is another important sector and we should collaborate in film and cinema to further enhance bilateral cultural relations. The minister said that second phase of China Pakistan Economic Corridor (CPEC) cultural caravan would be organized, traversing CPEC with an objective to showcase rich culture heritage of the region. He said that all the Central Asian States including Kazakhstan artists would be specially invited to be part of CPEC cultural caravan which would play a key role in promoting regional and cultural connectivity.

While appreciating the Minister for warm reception, the Ambassador lauded friendly ties between the two brotherly countries and assured of future collaboration in diverse sectors including cultural exchanges, art, cultural heritage, museum and film. He emphasized the importance of relations in the field of art, culture, cinema, museums and possible collaboration between the two countries, adding that there was tremendous scope for the uplifting cultural cooperation between both countries. He said that Kazakhstan would soon organize a film screening at Pakistan National Council of the Arts (PNCA).

Albania’s PM honors Pakistani national Ms Tahseen Sayed ISLAMABAD

Staff RepoRt

The Prime Minister of Albania, Mr Edi Rama has appointed Pakistani national Ms Tahseen Sayed as member of the Government of Albania’s prestigious National Economic Council (NEC) headed by the Prime Minister. Ms Sayed joins the NEC as an international economic expert. NEC membership includes senior government ministers, the largest private sector taxpayers in the country, representatives of business organizations and external economic experts including reputable academics from Germany and Harvard University in the USA. The first NEC meeting was held on January 11, 2024 where discussion focused on Albania’s investment priorities and role of the private sector.

The NEC – established by law in 2014 – is the highest Economic policy and advisory forum of the government of Albania where dialogue & consultations take place between government and the private sector. Ms. Sayed, a seasoned development professional, has served in leadership roles with the World Bank in South Asia, Europe, North America, Latin America and the Caribbean. Prior to her retirement, she was the senior most Pakistani national in the World Bank. She is currently an adviser to multilateral agencies on Pakistan’s development priorities. She is also Albania’s first Honorary Consul in Islamabad, Pakistan.

Pakistan Air Force (PAF) has undertaken a transformative modernization initiative to counter evolving threats in the current geostrategic threat scenario, prioritizing the induction of modern systems through smart acquisitions and indigenization.

PAF Checkmates Pakistan’s enemies while strategically outplaying adversaries under the visionary leadership of Chief of the Air Staff, Air Chief Marshal Zaheer Ahmed Baber Sidhu.

According to a press release, Pakistan Air Force has undertaken a transformative modernization initiative to counter evolving threats in the current geostrategic threat scenario, prioritizing the induction of modern systems through smart acquisitions and indigenization.

PAF has adopted a comprehensive strategy to establish PAF as a potent force and to rebalance the power dynamics in the region.

on path to becoming a Next Generation Air Force with induction of niche technologies, state-of-the-art equipment and human resource trained on modern standards with contemporary architecture for Full Spectrum Cross Domain Multi Arena warfare readiness in the fields of Aviation, Space, Cyber, Artificial Intelligence and Information Technology to address the modern aerial warfare challenges. The acquisition of J10C fighter jets, Unmanned Aerial Systems, modern electronic warfare platforms, force multipliers, state-ofthe-art integrated air defence systems, air mobility platforms, HIMADS and hypersonic missile capabilities at an unprecedented pace has bolstered the PAF’s war fighting capabilities.

A key milestone in this strategic transformation has been the acquisition of Fifth Generation Stealth fighter jets, the foundation of whose induction into the PAF has already been laid which will ensure an impregnable defence of the country.

PSX drops 532 points as volatility continues to dominate g

KSE-100 index falls 0.83% to close at 63,737.46 level PROFIT

NewS DeSk

Pakistan Stock Exchange (PSX) witnessed a volatile trading session on Tuesday as the benchmark KSE-100 Index dropped by 531.91 points, or 0.83% to close at 63,737.46 level.

During the intraday trade, the KSE-100 touched its highest level of 64,246.67, and the lowest point was 63,397.94.

There were visible peaks and trough patterns in the KSE-100 index performance during the trading session.

The day’s peak was at around 9:31 AM when the market resumed trading at 64,246. At around 10:50 AM, the market reflected a high trough when the KSE-100 index dropped by about 857 points. Interestingly, the market continued to reflect volatility despite showing some sign of stability at the closing time.

In intra-day trading, companies from major industries on the KSE All Share index reflected a downward share price trend.

In the commercial bank sector, Askari Bank, Bank AlFalah and Bank Al-Habib reflected positive share price trends. In the fertilizer sector, Engro Corporation’s share price decreased by 3.64%, and Fauji Fertilizer Bin Qasim showed an increase in share price of just 0.08% despite a high shares trading volume of 4,661,944.

Jubilee Life Insurance dominated the insurance with a percentage increase in share price of 1.28%.

Telecard Limited in the technology and communication sector showed a positive percentage change in share prices of 0.18% on the same day when their shareholders, in the extraordinary general meeting, approved selling their entire shareholding in their subsidiary, Supernet Limited.

Kot Addu Power Company (KAPCO) in the power generation and distribution sector also showed a promising share price improvement of 0.21% – on the same day when the company placed a bid to acquire an equity stake in Tenaga Generasi Limited, which owns a 49.5 MW wind power project located in Sindh.

Why is HUBCO doubling down on Thar Coal?

CONTINUED FROM PAGE 01

However, Thar coal has a broader spectrum of applications than just fuelling HUBCO’s plants, and that might be what HUBCO is banking on.

LUCKY & CO, AND THE ENDLESS POSSIBILITIES With an annual capacity of 7.6 million tons, the Sindh Engro Coal mine has reached its full potential.

However, Block II — the epicentre of Sindh Engro Coal’s operations — is in the throes of a third wave of expansion, set to bolster its capacity to an impressive 12.2 million tons. The question that arises then is, who is this surplus for? Enter Lucky Electric.

The Lucky Electric plant is tailor-made for Thar coal. It has secured a coal supply agreement with Sindh Engro Coal and is poised to switch from imported coal to Thar coal in summer 2024, once the expansion is complete. Is there room for further growth in Block II? Certainly. Are there other contenders for the excess supply? Possibly.

There has been a relentless whirlwind of speculation regarding the feasibility of retrofitting the Sahiwal, Port Qasim, and the China Power Hub plants to operate on Thar coal as opposed to imported coal, albeit with some modifications. However, the viability of such alterations remains a topic of debate. In a similar vein, there exists the potential for the local cement industry to transition from Afghan and South African coal to Thar coal.

Power Cement embarked on a trial run for the conversion last year, but progress has seemingly stalled since then. The challenge lies in the high moisture content of Thar coal, necessitating large-scale drying technology to render it more viable. Yet, the potential is palpable.

While HUBCO is presented with a plethora of possibilities, the shareholders of HUBCO stock are likely jubilant about the move, as it assuages their concerns regarding HUBCO’s plans for its cash reserves.

WHAT MIGHT HAPPEN TO HUBCO STOCK? “The quintessential HUBCO investor is perpetually apprehensive about the funds being invested in such a manner that the company’s ability to pay dividends is compromised, even if only temporarily. The outlay for increasing their stake is unlikely to impede their capacity to pay dividends,” explains Alam.

“Had HUBCO been investing in a greenfield project, it would have undoubtedly raised a few eyebrows among the existing shareholders. However, this is a project in which HUBCO already has a stake. It’s also a project that’s generating returns, and I foresee their market capitalisation skyrocketing in the near future, which bodes well for medium-term investors,” adds Alam.

In terms of risk averse investing, HUBCO’s current Chief Financial Officer also happens to be the individual who led the finance team that arranged the $2 billion for the first phase of the Sindh Engro Coal —marking the initiation from Engro’s end.

HOWEVER, IF THIS DEAL IS AS LUCRATIVE AS IT APPEARS, THEN WHY IS SOMEONE ELSE WILLING TO RELINQUISH THEIR SHARES? Cracks in the original six member club Sindh Engro Coal is a joint venture between Government of Sindh, Engro Energy Limited (formerly Engro Powergen Limited) and its partners namely; Thal Limited (House of Habib), Habib Bank Limited (HBL), HUBCO; China Machinery Engineering Corporation.

The Government of Sindh holds the lion’s share of 55% of the total shares, while HUBCO had the second lowest stake in the company at 8%, per Sindh Engro Coal’s 2022 financial report — the most recent one available. “In the case of Sindh Engro Coal, all other joint venture partners are also prime customers for any potential creditor. Hence, it is crucial to ascertain who is divesting, and for what reason,” asserts Naqvi. That is a valid question indeed.

HUBCO has kept mum about how much it is augmenting its shareholding, and whether it is acquiring another partner’s stake entirely. HBL, Thal, and Engro are all traded on the Pakistan Stock Exchange. None of them has divulged any information regarding their possible reduction of stake. Likewise, the Government of Sindh and China Machinery have remained silent.

The matter is rendered more perplexing by the fact that, while composing this story, we contacted a person to solicit their opinion on the matter, only to discover that their client was gearing up with a bid to join this club of six. Why would anyone want to exit from something that seems to be profitable? We will have to bide our time for the official announcement from the seller, or for HUBCO to disclose it once their deal is finalised.

PESHAWAR

Staff RepoRt

The Bus Rapid Transit (BRT) system in Peshawar has marked a milestone with a daily ridership surpassing 329,000 commuters, signaling growing public trust in the service. According to a spokesperson for Trans Peshawar, the system currently operates 244 buses, all fully operational. However, the success story is not without challenges, as the institution faces difficulties arising from incidents of stone pelting. Over the last two days, six buses experienced broken windows in such incidents, leading to the temporary removal of these buses for repairs. This has exerted additional pressure on the remaining operational buses. Trans Peshawar urges passengers to collaborate in thwarting such disruptive activities. Despite the challenges, BRT is viewed as a public service, and safeguarding its integrity is a shared responsibility.

346 candidates to contest elections on five NA, 13 PA seats from Peshawar PESHAWAR

Staff RepoRt

As many as 346 candidates would contest general elections on five national and 13 provincial assemblies’ seats from the provincial capital, Peshawar. According to the Election Commission, 92 candidates would contest elections on five constituencies of the National Assembly, while 254 are in the fray for 13 seats of the Provincial Assembly from Peshawar. The highest number of candidates i-e 37 have submitted papers for PK 81 while only 13 candidates would contest from PK 74, 16 each from PK 72, PK 73 and PK 75. There are 14 candidates from PK 76, 13 from PK 77, 20 from PK 78, 27 from PK 79, 17 from PK 80, 37 from PK 81, 24 from PK 82, 22 from PK 83 and 19 candidates from PK 84 Peshawar. Similarly, 15 candidates are in the field to contest elections from NA 28 Peshawar, 16 from NA 29, 15 from NA 30, 21 from NA 31 and 25 from NA 32.

Iran says Baluchi militant group bases attacked in Pakistan: state media CONTINUED FROM PAGE 01

Significant bases belonging to the Jaysh al-Dhulm (Jeysh al-Adl) terrorist group on Pakistani soil were destroyed on Tuesday. According to reports obtained by the Tasnim news agency, these bases were specifically targeted and successfully demolished by a combination of missile and drone attacks. The focal point of this operation was the region known as KouhSabz (green mountain) in the Balochistan province of Pakistan, recognized as one of the largest hubs for the Jeysh al-Dhulm militants. Additional information will be released in forthcoming updates, it added. In midDecember, the notorious Jaish al-Adl (known in Iran as Jaish al-Dhulm) terrorist group stormed a police station in Sistan and Balouchestan province’s city of Rask, southeast of Iran, which resulted in the martyrdom of 11 Iranian Police forces. Following the incident, Iranian Foreign Minister Hossein Amirabdollahian and his Pakistani counterpart Jalil Abbas Jilani discussed ways to strengthen security cooperation between the two neighbors.

Sheikh Rasheed arrested in May 9 riots case RAWALPINDI

Staff RepoRt

Police on Tuesday arrested former interior minister and Awami Muslim League chief Sheikh Rasheed following the cancellation of bail in May 9 riots case.

Sheikh Rasheed appeared before ATC for confirmation of bail in 14 cases registered against him in May 9 riots cases. He was granted bail in thirteen cases, however, his bail was rejected in the New Town police station case. Following the cancellation of the bail he was taken into custody by the police from the court.

04 COMMENT

Biden should heed democratic voters on Gaza

Wednesday, 17 January, 2024

Round and round

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The circular debt problem keeps growing despite everything

HE country’s circular debt has risen to Rs 5.73 trillion, which is Rs 1.5 trillion more than what was told the IMF two months ago, when the country’s $b billion Standby Arrangement went through its first review successfully. This rise of Rs 1.5 trillion has not been the result of fudged bookkeeping but because of the natural rise of the imbalance.

This circular debt has been behind the IMf’s demand, met by the PDM government as well as the present caretakers, to increase power and gas tariffs to the point where consumers are screaming. Clearly, since the Rs 8 increase in power tariffs in the current fiscal, and the levying of a Rs 465 to Rs 1500 surcharge on gas bills, the circular debt has not reduced, hiking tariffs has not worked.

The first debt that started the cycle was that owed by government departments, which refused to pay arrears, after they had exhausted their budgetary allocations. The power and gas companies would not disconnect them, nor would the government increase their budgets. The debt piles up, as the oil and gas companies import oil and gas on borrowed money.

The taxpayer has to shoulder the burden, which is now 5.4 percent of the GDP. Even at 4 percent, the IMF statement on November 15 said immediate action was critical. Let alone government finances, the circular debt is now distorting the entire national economy. The tariff hikes have proved not even to be a band aid over the problem, and gave the impression that the IMF had no more clue to the problem than the government. That may have been why it was so insistent on the government developing its own plan to settle the debt. Perhaps most worrisome, Chinese banks have been setting as a condition of further loans the reducing the circular debt owed to Chinese companies. A $600 million loan has been made conditional on settling Rs 400 billion owed to Chinese IPPs. The caretakers have said they have a plan to reduce the circular bet by Rs 1.268 trillion, or 22 percent. It involves waiving Rs 122 billion in arrears due to late payment. The figures alone make it seem that the plan does not solve the problem. Most importantly, no solution has been proposed to the immediate problem of preventing the debt from increasing. Until that is done, we can only lament circular debt until the final collapse, and the lights going out.

on Palestinian lives, voters want US military aid to The issue is tearing apart the democrats Israel to be restricted and conditional; voters want

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Washington Watch Dr JaMes J Zogby

024 may be the first election in which the issues involving Palestinian rights may impact the outcome. Over the past several decades, elections have been fought over a range of domestic and foreign policy concerns, from civil rights and abortion to the wars in Vietnam and Iraq. In most instances these were partisan “wedge” issues- that is, issues that were used by one party against the other. What is important to note about the growing concern for Palestinian rights is that it has become a “wedge issue“ that is dividing the Democratic Party.

Whether deliberate or not, Democrats made a fateful choice over the past several decades. They abandoned the white working class in favor of courting what has come to be known as “Obama voters.”

They were young voters, voters of color (Black, Latino, and Asian), and educated women voters. The problem is that having lost a sizable percentage of white working-class voters, Democrats can’t afford to lose the substantial majorities of voters from the Obama coalition they need to win national elections.

Recent polls, like one conducted in December

by The New York Times, show that young voters are deeply disappointed with Biden’s handling of the war on Gaza. They demonstrate greater solidarity with Palestinians than with Israelis and, in part, motivated by their dissatisfaction, they appear less inclined to support him in the 2024 elections.

Given the ongoing deadly violence in Gaza and the start of the 2024 election year, this past week my Arab American Institute cosponsored a Summit on Gaza together with the Rainbow PUSH Coalition, founded by my friend, Rev. Jesse Jackson and other partners. In order to have a detailed look at how voters were thinking about the war, we commissioned a special nationwide poll of likely voters. We learned four central lessons: because of growing sympathy for Palestinians, voters want American policy to be more balanced and less supportive of Israel; because of the toll the bombings have taken

Dedicated to the legacy of late Hameed Nizami

Arif Nizami (Late) Founding Editor

Yousaf Nizami Editor Umar Aziz M. A. Niazi

Propaganda and myths busted about ‘missing persons’ Joint Editor

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Executive Editor

The missing persons commission’s report shows the reality Malik ZaeeM

HE mystery of “missing persons” and “disappearances” is a subject that evokes a variety of opinions and points of view, sometimes from knowledgeable people, but most often from laypeople.

In the narrative confusion and deliberately created fog surrounding the issue of missing persons, half-truths and false statements emerge, obscuring what little there is to explore in the discourse. Pakistan’s economy is recovering, diplomatic relations are strengthening, and general elections will soon be held across the country. Therefore, linguistic parties and separatist parties have no special intentions other than to spread chaos. This situation is being created by terrorists and Baloch separatists.

Giving a local flavor to the movement creates new drama as Mahrang Baloch, a so-called leader of the Baloch solidarity council, spewing hatred against Pakistan, has lodged a protest in Islamabad recently, also creating fake scenarios regarding missing persons in order to have sensationalism and get into the limelight.

The analysis of 10,078 reported instances in total revealed a positive overall disposal rate of 77.2 percent in the report of the commission on missing persons. This demonstrates the commission’s effectiveness and commitment to case resolution. Exceptional disposal rates of over 80 percent were shown by provinces like Sindh, Balochistan, and the Islamabad Capital Territory (ICT), demonstrating their effective case management. The facts, disposal rate, and causes of disappearances in each province are presented in a clear and understandable manner in the commission report.

It places a high priority on encouraging open communication and accountability inside the commission. The fact that 4,413 missing people

were successfully reunited with their families between March 2011 and December 2023 is promising. The commission’s search for missing family members has yielded a great deal of fruit.The panel revealed that 261 missing people were previously discovered deceased as a result of their disputes and confrontations between March 2011 and December 2023. In addition, 1,477 cases that were categorized as non-enforced disappearances were closed by the commission. The panel successfully refuted several incidents that were reported under the pretense of forced disappearances, most of which were kidnappings for ransom, purposeful disappearances, or personal grudges. This demonstrates a thorough investigation procedure that ensures accurate classification of the instances.

The paper offers a thorough examination of the variables influencing the cases of missing people in KP. The commission report states that people leaving Khyber Pakhtunkhwa for other countries without telling their family was a contributing factor in the province’s higher than average number of missing cases (3,485). Other factors that contributed to this situation included extremism, ongoing conflict, and drone attacks.

This investigation explores the underlying causes of the phenomena of missing individuals and provides a thorough explanation for it. This will help with preventative measures implementation as well.

According to the report, 644 people were detained in various jails across the nation, while 994 people were being held in other detention centres. The fact that their location has been identified shows that updates on their condition are being delivered with compassion, allowing anxious families to feel less stressed.

The commission’s dedication to examining and resolving the outstanding concerns is demonstrated by the report, which provides an unambiguous assessment of the current cases. This degree of openness shows how committed the search is to continuing to find the missing people.

Numerous occurrences in the past have in-

members of Congress to support a ceasefire and are less inclined to support candidates who oppose a ceasefire; and finally, in almost every instance, the percentages of young voters and non-white voters who support a more balanced Middle East policy, conditioning aid to Israel, and a ceasefire, far exceeds those of other groups of voters. And because these two groups are so important to their party’s chances in 2024, Democrats had better find ways to change direction and wind them back.

WHAT FOLLOWS ARE THE KEY SUMMARY POINTS: US public opinion has shifted away from Israel as the invasion of Gaza continues. A plurality of voters (42 percent) now say they sympathize with both Israelis and Palestinians equally. While more Americans indicated sympathy towards Israelis alone than Palestinians alone, Palestinians have more support among voters who are young (34 percent to 16 percent) and people of colour (21 percent to 17 percent).

Since the start of the current violence in Gaza, sympathy for Palestinians has increased especially among Democrats (23 percent increased sympathy towards Palestinians versus 17 percent toward Israelis), younger Americans (37 percent increased sympathy towards Palestinians verses 27 percent for Israelis), and people of colour (29 percent increased sympathy towards Palestinians verses 13 percent for Israelis).

At the same time, Americans are calling into question the Biden Administration’s handling of the conflict. When asked to evaluate President Biden’s policy, 50 percent of Americans believe it favours Israel. But when asked how the Biden Administration should conduct US policy, a plurality of respondents (42 percent) say US policy should be balanced between Israeli and Palestinian needs. By a decisive two-to-one margin, voters say that instead of siding with Israel (a position held by only 26 percent), the US should strive to be an honest broker between Israelis and Palestinians (a position held by 57 percent).

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Karachi – Ph: 021-35381208-9

volved the kidnapping of a member of the opposing tribe, with state institutions held accountable. Furthermore, a lot of people and NGOs are operating in Islamabad and Quetta, focusing on foreign aid and bribery in order to support the narrative against the government.

It should be clear that the Baloch Solidarity Council aspires to propagate hatred in the Pushtoon Tahaffuz Movement fashion among people, particularly those in Balochistan. These factors are pursuing an external agenda meant to hurt Pakistan, as evidenced by the filing of the FIR, the demand for the recovery of criminals, the dissolution of the counterterrorism agency, and now the request for outside involvement.

The commission’s report’s transparency and advancement are, in fact, a slap in the face to propagandists like Mahrang Baloch who support foreign agendas to denigrate Pakistan’s armed forces and intelligence services. In contrast, though, only 2297 cases pertaining to missing individuals are outstanding in Pakistan; in India, the average daily 2130 is the missing person. It is important to note that even instances that are still pending are being aggressively pursued by the commission, and anti-state actors frequently manipulated this issue, will be permanently resolved.

All these dramas and uproar are unsuccessful attempts to stop the general elections, disrupt law and order and jam the wheel of the economy, which have been rejected by the people of Pakistan, including the brave Baloch people.

They are maintaining unity for the strengthening of the state. Those who harm Pakistan’s identity and unity will be disgraced.

Fake news and disinformation spread swiftly in today’s digital era, so it’s critical to avoid falling for such deceptive techniques. The Security Establishment has been critical in maintaining stability and safeguarding the country’s security. It has a long history of making sacrifices and fighting for democracy, justice, and citizen protection.

As a result, it is vital to carefully evaluate information sources, validate facts, and abstain from naively accepting and propagating false tales that attempt to undermine the credibility and integrity of governmental institutions. By taking a discriminatory attitude, one may guarantee that the facts are revealed and the national institution’s good name is protected, allowing them to continue providing essential contributions to the country’s welfare.

The writer is a freelance columnist

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The writer is president of the Arab American Institute

The cavalier attitude of those who are guiding President BidenÊs campaign is simplistic and deeply flawed. Betting on young and non-white voters will all drifting back to Biden in November - since they wonÊt want to see Donald Trump return to the White House - is demeaning to the feelings of these voters. ItÊs also dangerous.

As The New York Times poll demonstrates, almost one in five say they would prefer to vote for third party candidates.

As a result, it is vital to carefully evaluate information sources, validate facts, and abstain from naively accepting and propagating false tales that attempt to undermine the credibility and integrity of governmental institutions.

Lahore – Ph: 042-36300938, 042-36375965

This questioning of the Biden Administration’s one-sided support for Israel also has an impact on voters’ attitudes toward US military assistance to that state. By a two-to-one margin (51 percent to 26 percent), voters reject the notion that the USA should give unrestricted military assistance to Israel as long as Israel is putting Palestinian civilian lives at risk.

By the same two-to-one margin, respondents said that they sided with those Democratic Senators who objected to the President’s recent decision to bypass congressional oversight in sending weapons to Israel.

A plurality of voters (41 percent) now indicate that it is time to consider cutting or conditioning Israel’s annual $3.8 billion appropriation for military assistance.

US voters are more likely to vote for candidates that support a ceasefire. Respondents want a ceasefire and an end to the conflict. In responses to two separate questions, by a two-to-one margin, respondents indicated they are more inclined to support a member of Congress who supports a ceasefire and that they are less willing to support members of Congress who oppose calls for a ceasefire.

The bottom line is that Democrats should be hearing alarms going off as a result of the White House’s refusal to stop the way Israel is conducting this war or even consider supporting a ceasefire to end the killing. The result is that they are losing votes from groups that have formed their most loyal supporters.

The cavalier attitude of those who are guiding President Biden’s campaign is simplistic and deeply flawed. Betting on young and non-white voters will all drifting back to Biden in November - since they won’t want to see Donald Trump return to the White House - is demeaning to the feelings of these voters.

It’s also dangerous. As The New York Times poll demonstrates, almost one in five say they would prefer to vote for third party candidates. The “political pros’’ in the White House need to consider this threat and not discount it as Democrats did in 2000 and 2016.

Islamabad – Ph: 051-2204545

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Editor’s mail

Send your letters to: Letters to Editor, Pakistan Today, 4-Shaarey Fatima Jinnah, Lahore, Pakistan.

E-mail: letters@pakistantoday.com.pk Letters should be addressed to Pakistan Today exclusively

Dowry

I am writing to shed light on a shadow that haunts not only our society but also the vast subcontinent – a shadow known as “dowry” – influencing mindsets, lives, and the dynamics of marriages. Despite the strides we have made in various aspects, the persistence of dowry demands a renewed commitment to change.

Traditionally, dowry was a symbol of familial support for brides as they embarked on a new chapter of their lives, but it has mutated into a troubling trend. At its core, dowry reinforces gender inequality, handcuffing us with a regressive belief that a woman’s worth is linked to material possessions rather than her character, abilities, or aspirations.

The impact of dowry on individuals’ mindsets is profound. It burdens brides’ families, perpetuating dependency and materialistic mindsets, grinding down the essence of love, respect, and partnership in marriage.

The weight of dowry demands strains relationships, eroding trust and understanding between spouses.

Reflecting on the tragic fate of Dr. Shahana, a 26-year-old medical professional from Kerala, India, who committed suicide because her parents were not rich enough to satisfy the dowry demand. Her untimely demise serves as a heartwrenching reminder of the pervasive and deeply entrenched issue of the dowry system that continues to cast its dark shadow across the subcontinent.

This case highlights a disconcerting paradox: individuals who have the potential to elevate society through their education and talents are subjected to outdated customs that reduce their worth to material possessions. Dr. Shahana’s story is not isolated but rather a reflection of the collective suffering endured by countless women in our subcontinent who find themselves at the mercy of these regressive practices.

To address this deeply rooted issue, concerted efforts are needed to change societal norms and raise awareness about the adverse effects of dowry. Education and open dialogue play essential roles in challenging existing mindsets, emphasising the value of individuals for their character, abilities, and shared commitment in a marriage.

Legal measures must be reinforced to protect individuals from dowryrelated compulsion and abuse. Strict enforcement of existing laws and educational programs can serve as vital steps toward eliminating this harmful practice.

It is time for collective action against the negative consequences of dowry, striving for a society where marriages are built on love, respect, and equality. By challenging deep-seated norms, we must create a way for the future where individuals enter into marriages unburdened by dowry, fostering healthy relationships and a more equitable society.

AMNA KARACHI

Health horizon

HERE are some basic necessities that indeed need timely solutions: health facilities, education, cleanliness, and much more. Unfortunately, these are being constantly ignored. The most pressing issue causing difficulties is the lack of health facilities. Pakistan, despite being one of the globalising countries, is particularly facing acute hardships due to this issue. It has brought many difficulties to the citizens of our country. Regrettably, the health department has mainly failed to address this alarming matter. Each year, a huge population loses their precious lives due to the lack of facilities, yet the government has not shown any interest in addressing this issue. I recommend the health department to take a glance at it and ensure a solution to save people from various diseases.

TAYYAB SAMEER LAHORE

Web: www.pakistantoday.com.pk

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Email: editorial@pakistantoday.com.pk

False Indian Assertions about Normalcy in Held Kashmir Wednesday, 17 January, 2024

The worsening situation is exposing India

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abdul basit alvi

HE situation in Indian Occupied Kashmir worsened following the abrogation of Article 370. On 5 August 2019, Prime Minister Narendra Modi’s government took the controversial step of revoking Article 370 of the Indian Constitution, causing significant implications for the state.

Article 370, integrated into the Indian Constitution in 1949, provided special autonomy to Jammu and Kashmir, allowing it to have its constitution, autonomy over internal administration, and limited legislative powers. The decision aimed to eliminate the special status of the region, integrating it more closely with the rest of India. The government argued that Article 370 had impeded development, hindered national integration, and fostered a sense of isolation with a separate set of laws for Held Kashmir.

This move led to the reorganization of Held Kashmir into two separate Union Territories, Jammu & Kashmir and Ladakh, marking a significant shift in governance structure. The scrapping of Article 370 also nullified Article 35A, which granted the state legislature the power to define ‘permanent residents’ and accord them special rights and privileges. The political landscape underwent substantial changes, including the dissolution of the assembly and elections conducted under the new Union Territory framework.

The international community expressed concerns about human rights, political freedoms, and potential regional instability fol-

lowing the abrogation. However, Indian leaders consistently asserted the normalcy of the situation in Held Kashmir, emphasizing positive transformations, peace restoration, and development. Despite claims of improved security and economic development, allegations of extra-judicial killings and atrocities persist.

Leaders, including Modi and Home Minister Amit Shah, underscore the importance of stability and progress. They highlight strengthened security measures, increased troop presence, and targeted operations against militant groups, citing a decline in violence and terrorism as indicators of improved security. Indian leadership also emphasizes economic development through initiatives like “Back to Village” and “My Town My Pride,” showcasing efforts to stimulate growth and enhance the quality of life. However, attempts such as organizing G20 meetings in Srinagar and hosting festivals and anniversaries aim to project a sense of normalcy in occupied Jammu & Kashmir, despite skepticism surrounding these claims.

The actual situation starkly contradicts the misleading assertions of the Indian Government. Since August 2019, instances of extrajudicial killings, enforced disappearances, arbitrary detentions, sexual and gender-based violence, and constraints on freedom of expression and religion have surged, dispelling any notion of normalcy. In the occupied territory, the only prevailing normality is the normalization of violence. The global Kashmiri community insists on the resolution of the Kashmir dispute based on United Nations Security Council resolutions, granting the people of Kashmir the right to self-determination.

As part of what India terms the ‘final solution,’ the Indian Government not only imposes demographic changes on Jammu and Kashmir but also perpetuates the fallacy of normalcy under the guise of promoting trade and tourism in the Indian Occupied Kashmir, violating international law and Security Council resolutions. India’s attempt to host a G20 tourism meeting in Srinagar amidst intense security measures failed to reflect any semblance of normalcy, with a UN Rapporteur remarking that India was “seeking to normalize... military occupation.”

The US supreme court is unlikely to stop Trump running again

The persecution faced by the Kashmiris in occupied Kashmir stems from their ethno-religious identity. The campaign of oppression is driven by the ‘Hindutva’ ideology, which asserts Hindu religious and ethnic supremacy while fostering hatred against Muslims.

India’s disinformation campaign in Kashmir is further fueled by Islamophobia. Considering the ongoing massive human rights violations, including the potential for genocide, the absence of peaceful dialogue for the resolution of the Jammu and Kashmir dispute, and the persistent threat of conflict between two nuclear-armed states, the international community must not overlook the situation in Jammu and Kashmir and the associated threat to global peace and security. Millions of Kashmiris have endured prolonged suffering, and they now demand a peaceful resolution to the conflict. It is imperative to dispel the myth of normalcy and make peace a new normal.

Contrary to the unfounded claims of normalcy, the Indian government and its army are implicated in the custodial killings of innocent Kashmiris. In a recent incident, three Kashmiris were reportedly tortured to death while in army custody in Indian Occupied Kashmir.

Locals accused army personnel of subjecting civilians to severe torture in a military camp, leading to widespread anger. Videos depicting the alleged torture circulated online, prompting authorities to cut off internet services in Poonch and Rajouri, a tactic to prevent protests and hinder video dissemination. Past incidents, including the killing of three individuals in Shopian, further fueled resentment against India and its army in Occupied Kashmir.

Former Chief Minister of Occupied Kashmir , Mehbooba Mufti, has expressed distress over the recent killings. Speaking to the media in Srinagar, as reported by the Kashmir Media Service, she characterized the actions of Indian troops as the “worst kind of state terrorism in the territory.” During a search operation, soldiers reportedly detained 15 individuals, with three facing brutal torture and martyrdom, while the remaining 12 sustained serious injuries and were admitted to hospitals. Mufti highlighted the emergence of “heartbreaking videos” depicting Indian soldiers allegedly throwing young people down and applying chillies to their wounds. She painted a grim picture of Occupied Kashmir, describing it as

R

IRISH TIMES

Patrick smyth

EX non potest peccare – the king can do no wrong. It is really rather remarkable that in a modern republic, one that prides itself on championing the rule of law and was founded in a revolutionary war against monarchy, that judges should be asked to test the applicability of that old British constitutional maxim. Odder still that there is any doubt which way the US supreme court will rule when in a few weeks it considers former president Donald Trump’s insistence that he has sovereign immunity in respect of the 91 criminal indictments he faces over his time as president and which will fall if he succeeds.

But there is indeed considerable doubt about this reactionary, very political court – three of whose nine members were appointed by Trump –and which shortly has also to consider the Colorado supreme court’s ruling, likely to be followed by other similar findings, that Section 3 of the 14th Amendment disqualifies Trump from holding the office of president of the US. Clause 3 of the 14th amendment, recently “rediscovered” by a couple of conservative legal academics, had been enacted in the aftermath of America’s Civil War to prevent Confederate officers from standing for election. Involvement in “insurrection” by an “officer” of the US debars the latter from serving as president. Trump’s allegedly insurrectionary attack on Congress on January 6th makes him the first former president ever to have been targeted by the amendment.

In 1787 at the convention drafting the constitution, the consensus among James Madison, George Mason, Benjamin Franklin and others who attended was clear: that presidents did not enjoy unlimited power or immunity. They could and should be held accountable for their actions, with impeachment and criminal prosecution as possibilities.

Even if, as Franklin hinted, criminal prosecution perhaps wasn’t possible for a sitting president, nothing precluded it afterwards.

Such strongly expressed views should, but seem unlikely to, have some sway with the “originalists” who dominate the supreme court’s conservative jurisprudence, and who insist on interpreting the constitution in the original spirit of its drafters. No doubt we

an open prison where thousands, including imams, lawyers, and journalists, were incarcerated, and employees were being terminated from their jobs. These voices resonate from within both India and Occupied Kashmir.

Kashmiri leaders are also refuting Indian claims of normalcy in Occupied Kashmir.

Ghulam Ahmed Gulzar, a senior leader of the All Parties Hurriyat Conference (APHC), currently under detention, accused India of attempting to mislead the world and deceive ordinary Indian citizens about the ground situation in the illegally occupied region.

Gulzar’s statement was prompted by recent assertions from Indian Army’s Northern Commander, Lt Gen Upendra Dwivedi, who claimed an improvement in the situation after the abrogation of Article 370. Gulzar dismissed claims of normalcy as self-deception and blatant lies. Mehmood Ahmad Saghar, the Convener of APHC-AJK chapter, stated in Islamabad that Indian troops are escalating atrocities in the region, killing innocent youth during so-called cordon and search operations. Another APHC-AJK leader, Altaf Hussain Wani, demanded an independent probe into incidents of extra-judicial killings of Kashmiri youth.

Meanwhile, the US Commission on International Religious Freedom, in its report, expressed concerns that religious freedom and related human rights in India are in jeopardy, with government policies failing to safeguard religious minorities. The report highlighted the negative impact of Indian government policies on Muslims, Christians, Sikhs, Dalits, and Adivasis.

Subsequently, there was another development where the Indian Army relocated three officers, including a brigadier, pending an investigation into the custodial deaths of three civilians. These individuals were taken in for questioning after the December 21 ambush that resulted in the killing of four soldiers and injuring of three others. As per reports, while a court of inquiry is underway, the Indian Army transferred the three officers; a brigadier, a colonel, and a lieutenant colonel; from Poonch.

As compared to Occupied Kashmir, the people in AJK enjoy greater independence, with the freedom to live and work anywhere in the state and in Pakistan. The journey toward normalcy in AJK commences with the

establishment of a stable and secure environment. Proactively striving for political stability, the region ensures that its residents can construct their lives without the disruptions of conflict. Families thrive, communities flourish, and the essence of normalcy is ingrained in the peaceful atmosphere. In AJK, the pursuit of normalcy translates into granting residents the freedom to lead fulfilling lives. Unlike Occupied Kashmir, AJK offers a space where families can establish homes, children can pursue education, and communities can coexist harmoniously. This freedom to live is the bedrock of a society that values peace and treasures the diversity characterizing the region.

Normalcy in AJK extends to the economic sphere, where residents enjoy the liberty to work and prosper. Local initiatives aimed at boosting industries, encouraging entrepreneurship, and attracting investments have opened up a range of employment opportunities.

AJK takes pride in its rich cultural tapestry, where various ethnic and religious communities come together in harmony. The freedom to embrace cultural traditions and celebrate shared histories fosters a sense of identity and unity among residents.

Festivals, traditions, and cultural events contribute to a vibrant landscape that epitomizes the region’s dedication to normalcy. The breathtaking natural beauty of AJK has positioned it as an emerging tourist destination.

While the Indian Army is involved in actions resulting in the loss of lives in Occupied Kashmir, the Pakistani Army is actively engaged in welfare in AJK. This stark contrast serves as an eye-opener for those supporting India, advocating an independent Kashmir, or comparing Indian Occupied Kashmir with AJK. If the situation is genuinely normal in Occupied Kashmir, India should address some pressing questions. Why is India implicated in custodial killings of innocent Kashmiris, labeling them as terrorists without conducting fair and transparent investigations? The removal of senior Indian Army officers raises further concerns. If everything is indeed normal, why do Modi and other Indian political leaders not openly address the public in Kashmir, while in AJK, Pakistani and Kashmiri political leaders freely address public gatherings?

The reality is evident to the world: the situation in Occupied Kashmir is far from normal. The people of Jammu and Kashmir express their desire not to coexist with India, favoring Pakistan as their natural choice.

India should cease the charade of normalcy in Occupied Kashmir and acknowledge that it cannot suppress the Kashmiris despite all atrocities. India must be compelled to adhere to the UN resolutions granting the right of self-determination to the Kashmiri people.

‘A setback for US-Bangladesh relations’

Stand by for some elegant intellectual gymnastics to ensure that the former president is on the ballot

will see some elegant intellectual gymnastics to ensure that Trump is at least on the ballot.

Two simple definitional issues at the heart of the Colorado case may suffice. Did the January 6th events, a “riot”, according to the Trump lawyers, rise to the level of “insurrection”? In its ruling, the Colorado Supreme Court reviewed a variety of colloquial and legal definitions of insurrection and reached a common-sense conclusion “that any definition of ‘insurrection’ for purposes of Section 3 would encompass a concerted and public use of force or threat of force by a group of people to hinder or prevent the US government from taking the actions necessary to accomplish a peaceful transfer of power in this country.”

“It’s true that Trump,” as David French of the New York Times argued, “wasn’t declaring a breakaway republic, but he was attempting to seize and hold far more than the Capitol. He was trying to illegally retain control of the executive branch of the government. His footsoldiers didn’t wear grey or deploy cannons, but they did storm the United States Capitol, something the Confederate army could never accomplish.”

And does the simple omission of the presidency from the catch-all term used to describe those who may be charged, “officer of the United States”, really signify that the president is not included? Ben Franklin would scarcely agree. “Is it really the case,” French asks, “that insurrectionists are excluded from every office except the most powerful?” Among those who fear a Trump second term, there is a not-inconsiderable number who feel that the people cannot be trusted to vote down an insurrectionist or a crook. And that something must be done on their behalf.

They take comfort in the fundamentally elitist, anti-democratic but intentional logic of the founding fathers in building into the constitution a number of anti-majoritarian measures – for example, against the restoration of slavery and for equal rights, or rigging the voting system against larger urban conglomerations. The 14th amendment is seen as a part of that tradition of protecting the people from themselves.

Yet democrats should be uneasy about Amendment 14. Although Trump should get everything that is coming to him in the other cases, and could – or should – end up in jail, attempts to remove him from the ballot paper ultimately serve only to fuel the populist argument that it is they who are oppressed and excluded and that the “system” is determined to deny them representation.

In the event, the court might distinguish in its approaches between the Amendment 14 question and the immunity issue. It must not turn its back on the plain text of the constitution. Its denial of the outrageous claim of presidential immunity, itself an attack on the separation of powers and the court’s own “independent” role, could be a vital first step in its own badly needed rehabilitation.

COMMENT 05

DAILY STAR

ramisa rob

Can you describe what are—in your view—the implications of Sheikh Hasina’s victory for US foreign policy in South Asia?

Prime Minister Sheikh Hasina’s victory was precisely what the US government expected from a flawed process. US pre-election policies did little or nothing to deliver a free and fair election with full participation of opposition parties, and the lead-up to the elections exposed deep differences over these issues between Washington and Dhaka. This can only be seen as a setback for those who hoped—in vain—that US pressure might steer Bangladesh down a more inclusive and democratic path.

What’s next for US policy in Bangladesh?

Upcoming elections in Pakistan and India are also likely to expose the limits on Washington’s ability to champion democratic practices in large and distant societies. Overall, many US officials—including top members of the Biden administration—appreciate that a less democratically—oriented South Asia will be a more difficult region for the United States to operate. That said, the United States works with many undemocratic states around the world and, in some cases, finds shared interests—rather than values—to be a workable if not preferable foundation for cooperation.

An article in The Wall Street Journal has deemed it as a “defeat for Joe Biden who has centred his foreign policy on democracy.” What is your take on this?

These elections ended up being a setback for US-Bangladesh relations and a retreat from inclusive democratic practices in Bangladesh, which is also a setback for Bangladesh itself. The Biden administration’s emphasis on democracy led it to take a relatively outspoken position on Bangladesh—certainly when compared to India and China—but realistically US expectations about the effectiveness of these policies had to be tempered. That said, I’m not sure there was a better balance to be struck. Had Washington pushed the demo-

Moral policing

Karnataka vigilantes attack interfaith couples

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Editorial

ARNATAKA is witnessing terror unleashed by gangs of vigilantes, who are hounding interfaith couples. Showing blatant disregard for the law, they make videos of the ‘punishment’ meted out to such couples and share them online to shame the

cratic agenda more forcefully, it would have left US-Bangladesh relations even more fractured today. If Washington had simply ignored increasing political repression in Bangladesh, it would have betrayed US values and—I believe—interests as well.

How do you perceive this to impact trade ties with the US and EU? My understanding is that Bangladesh faces other trade challenges unrelated to its politics, but to its “graduation” from LDC status that, over time and in combination with other factors, will make it difficult for Bangladesh to achieve rapid growth without new reforms and a diversified economic approach.

Do you anticipate the US’ response to Bangladesh’s elections coming from a perspective of balancing its relations with India, especially after the DoJ indictment?

No, I do not think that Washington perceives relations with Bangladesh as any means of “balancing” relations with India.

The two are related, of course, but tend to run on different tracks and at different levels of priority. We will see where the DoJ indictment goes, but Washington has for over two decades perceived India as a significant world actor and potential strategic partner.

Bangladesh has important trade relations with Washington but is far less relevant than India in geopolitical terms.

How do you view this victory and return of the Awami League government to affect Bangladesh and India’s relationship? Did Modi’s India take a different, more hands-off approach this time?

I perceived that Modi’s India backed Sheikh Hasina to the hilt and anticipates that she will remain India’s best choice for relations with Bangladesh. I expect India will stick with this strategy for as long as possible.

With Bangladesh’s balancing act and relationship with China and India, are there any implications of this victory for China-India relations?

No, the convergence of India and China in support of Sheikh Hasina and the Awami League is not an indicator of wider convergence. To the contrary, India will remain concerned about Chinese activities in and with Bangladesh, just as New Delhi is concerned about Chinese activities and influence across the South Asian region.

India-China tensions will persist and may worsen if the two cannot find a way to better resolve their contested land border.

From the standpoint of China-India relations, this status-quo conclusion was favoured by both parties. Do you foresee any challenges in this balancing act for the Awami League as it embarks on its fourth consecutive term?

The Awami League has been playing this game for a long time now. It clearly appreciates the requirements and challenges of that balancing act as well as the opportunities it creates. But the level of difficulty in finding a balance will likely increase with China increasing involvement in Bangladesh’s economy and, by extension, its politics and even national defence. India, witnessing China’s deepening ties to Pakistan and expanding military presence along the LAC, will be increasingly sensitive to every move China makes in Bangladesh. To preserve national sovereignty and to avoid new friction with either major neighbour, Dhaka may find it useful to further diversify its international ties—with the US, Japan, and Europe—in order to avoid being sucked into a zero-sum India-China competition.

Lastly, for Bangladesh, what does this election result say about the future of democratic governance in the nation?

The lead-up and conduct of the election is just the latest example of the fact that there is no longer sufficient space for free and open political competition in Bangladesh. The consolidation of power and authority in Sheikh Hasina raises fundamental concerns about whether the state can ever find a way to healthy democratic governance. And relatedly, this also raises questions about how it can achieve sustained political stability or economic growth for its citizens without democratic legitimacy. These core concerns, and not any particular animus toward Sheikh Hasina (or support for the BNP) are the reasons why Washington was so concerned about the conduct of Bangladesh’s national elections. In the end, the Biden administration and many others in Washington really do believe that democracy offers the best route to peace and prosperity within and between states.

‘offenders’ and issue a warning to others.

Two such horrifically brazen incidents have been reported in the past week.

On Thursday, seven men were charged with assault and gangrape, and three of them arrested, after one of their victims gave a statement to a magistrate. A young married woman said she and her boyfriend, belonging to another religion, had checked into a hotel in Haveri. They were assaulted by a group of men who barged into their room, forcibly took her to an isolated spot and gangraped her. In the other appalling case, a man and a woman from different faiths, seen sitting together in Belagavi, were thrashed with rods by a mob. The moral policing

brigade did not bother to even talk to them.

Later, it turned out that the two were cousins who were out together to submit their applications for a government scheme.

A similarly sinister modus operandi was seen in Gujarat, where 500-odd people had formed a WhatsApp group to target individuals having partners of different faiths. The Gujarat police had in August last year apprehended more than 15 suspects from Vadodara for harassing such couples and blackmailing them, using their videos. The law enforcement agencies need to crack down on these troublemakers, even as political leaders should go all out to discourage vigilantism rather than fanning the communal flames for vested interests.

Daniel Markey is a senior advisor for South Asia Programs at the United States Institute of Peace.

06 NewS

LI URGES GLOBAL COOPERATION, VOWS CONTINUED OPENING-UP AT WEF

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HINESE Premier Li Qiang on Tuesday called for global cooperation in various areas to rebuild global trust, including strengthening macroeconomic policy coordination and international industrial specialization and cooperation, warning that lack of trust and fragmentation will risk global economic growth and peaceful development.

In a special address at the World Economic Forum (WEF) annual meeting in Davos, Switzerland, Li said that China’s economy is forecast to grow 5.2 percent in 2023, and that China’s economy is making a steady recovery, vowing to continue to open up China’s markets for global businesses, no matter how the global situation changes.

The Chinese premier’s emphasis on re-

wendesday, 17 January, 2024 | ISLAMABAD

building global trust and strengthening global cooperation and remarks about the stability and openness of China’s economy help inject a sense of certainty and positivity for a world that has been plagued by a severe economic downturn and rising geopolitical conflicts, experts said on Tuesday.

China’s support for an open world economy is in sharp contrast to the anti-globalization and rising protectionism spearheaded by countries such as the US. The steady recovery of the Chinese economy is offering great impetus for global growth, while the US’ chaotic domestic policymaking poses risks for the global economy, experts noted.

In the closely watched speech in Davos, Switzerland, where more than 2,800 global political, business and society leaders have gathered to discuss how to rebuild trust, the Chinese premier offered a five-point plan, including macroeconomic policy coordina-

tion, international industrial specialization and cooperation, cooperation in innovation, cooperation in green development, and north-south and south-south cooperation.

Li warned of a deepening trust deficit, saying the lack of trust is exacerbating the risks to global economic growth and peaceful development, noting many cases in bilateral and multilateral relations where mutual trust is undermined by the willfulness of one side. He warned that under the impact of global crises, if countries are fragmented in fighting their own battles, the world economy will become more fragile.

“I think Premier Li made China’s unwavering support for globalization and an open world economy very clear again at this very important international forum, in stark contrast to the de-globalization trend promoted by certain countries,” Bai Ming, a research fellow at the Chinese Academy of International Trade and Economic Cooperation, told

the Global Times on Tuesday.

Bai noted that China’s position on globalization carries great significance for a global audience that is increasingly worried about the state of the global economy and economic globalization, given China’s economic size and its influence on the world economy. “It’s clear that China has become a leading force in promoting economic globalization,” he said.

In his speech, Li vowed that China itself

Shell to exit Nigeria’s onshore oil after nearly a century BRITISH ENERGY GIANT TO SELL ITS SUBSIDIARY TO A CONSORTIUM OF FIVE LOCAL COMPANIES FOR $2.4B PROFIT

ReuteRs

Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4 billion.

The British energy giant pioneered Nigeria’s oil and gas business beginning in the 1930s. It has struggled for years with hundreds of onshore oil spills as a result of theft, sabotage and operational issues that led to costly repairs and high-profile lawsuits.

Since 2021, Shell has sought to sell its Nigerian oil and gas business, but will remain active in Nigeria’s more lucrative and less problematic offshore sector.

Shell’s exit is part of a broader retreat

by western energy companies from Nigeria as they focus on newer, more profitable operations. Exxon Mobil (XOM.N), Italy’s Eni and Norway’s Equinor (EQNR.OL), have struck deals to sell assets in the country in recent years.

The British major will sell The Shell Petroleum Development Company of Nigeria Limited (SPDC) for a consideration of $1.3 billion, it said in a statement, while the buyers will make an additional payment of up to $1.1 billion relating to prior receivables at completion.

“This agreement marks an important milestone for Shell in Nigeria, aligning with our previously announced intent to exit onshore oil production in the Niger Delta, simplifying our portfolio and focusing future disciplined investment in Nigeria on our Deepwater and Integrated Gas

positions,” Shell head of upstream Zoë Yujnovich said.

The buyer, the Renaissance consortium comprises ND Western, Aradel En-

ergy, First E&P, Waltersmith, all local oil exploration and production companies, and Petrolin, a Swiss-based trading and investment company.

Chinese automakers embrace export boom with own shipping fleets SHENZHEN Agencies

“BYD EXPLORER NO.1,” a vehicle carrier vessel leased to Chinese automaker BYD, held its maiden voyage ceremony on Monday at a port in Shenzhen, south China’s Guangdong Province.

With more than 5,000 new energy vehicles (NEVs) on board, it will set sail for the ports of Vlissingen in the Netherlands and Bremerhaven in Germany.

It is the first vessel in the shipping fleet of BYD, which has joined a number of Chinese automakers in accelerating car exports by operating their own shipping fleets.

According to China International Marine Containers (Group) Co., Ltd. (CIMC), the vessel was built by CIMC Raffles, a subsidiary of CIMC, for international ship management company Zodiac Maritime, and was leased to BYD. The vessel was delivered on Tuesday to a construction base in Longkou, east China’s Shandong Province, before sailing to Yantai Port to be loaded with the first batch of 1,389 NEVs. On Sunday, the vessel arrived at Shenzhen and was loaded with the second batch of some 4,000 NEVs. According to China’s General Administration of Customs, China’s auto exports surged to 5.22 million vehicles in 2023, up 57.4 percent year on year.

As China’s automobile industry embraces a new export era, automakers are grappling with challenges such as soaring rents, shipping capacity constraints, and intense competition for available car carriers.

Data from global shipping research institution Clarksons Research shows that from August 2020 to the end of November 2023, the one year time charter rate for a 6,500 Car Equivalent Unit (CEU) pure car and truck carrier (PCTC) had soared from 10,000 US dollars per day to 115,000 dollars per day, an increase of more than 10 times.

To bolster automobile exports, major Chinese automakers, including BYD, Chery, and SAIC, have ventured into establishing their own fleets.

Notably, Guangzhou Shipyard International Company Limited successfully implemented an order for two BYD PCTCs on Jan. 23, 2023, while Chery Group subsequently announced plans to establish its own global shipping fleet.

SAIC’s Anji Logistics, in the past two years, has also ordered a number of large car carriers exceeding 7,000 vehicles each from the Jiangnan Shipyard. In recent years, the concentration of the global automobile shipping market has remained high, with automakers in Japan, Republic of Korea (ROK) and other countries having deep ties with the transportation link.

According to data from the research institute of China Merchants Bank, as of November 2021, the global capacity of the top 10 car transport shipping companies — mainly from Japan, ROK and European countries — accounted for 59.42 percent of the market share, while the car transport capacity of Japan and ROK is mostly occupied by their domestic car manufacturers.

Previously, China’s status as a major auto exporter was limited, resulting in minimal emphasis on building an independent shipping fleet. Currently, China has 39 car carrier vessels with a total of 115,000 CEU, representing only 2.8 percent of the global shipping capacity, according to Clarkson Research.

As China’s shipbuilding industry flourishes and automobile exports surge, the trend of Chinese automakers utilizing domestically-built ships for transportation has become more evident.

Vehicle carrier vessel ‘BYD EXPLORER NO.1′ arrives at Xiaomo International Logistics Port in Shenzhen, China, Jan. 14, 2024. PHOTO: XINHUA At present, Chinese shipyards have undertaken the vast majority of new orders for car carriers in the world. For instance, Guangzhou Shipyard International Company Limited are booked solid until 2028.

Upon the delivery of the new ship orders, Chinese shipping fleets will signifi-

cantly increase its global proportion of car carrier capacity, and are expected to rise to the fourth position, trailing behind Japan, ROK, and Norway.

Industry experts stress that achieving high cost performance is pivotal for Chinese cars’ global competitiveness. Through long-term collaborations with car manufacturers, local shipping companies can provide more competitive transportation solutions.

Moreover, establishing shipping fleets also holds strategic significance for Chinese automakers to ensure security and stability of the supply chain.

Xie Xiaowen, an expert with the China Communications and Transportation Association, notes that the acquisition of ships by automakers symbolizes the continuous development and internationalization of China’s automobile industry.

“For automakers, buying ships can ensure the stability of the export business, reduce transportation costs, and ensure that products are delivered to overseas customers on time,” Xie said.

Chen Jia, a researcher at Renmin University of China, believes that Chinese automakers shipping fleets are poised to break the longstanding monopoly of foreign shipping companies on crucial routes and markets, laying a more solid foundation for the global trajectory of Chinese automakers.

Big win in Iowa moves Donald Trump closer to Biden re-match LOWA AFP

Donald Trump romped to a landslide victory on Monday in Iowa’s caucuses — the first vote in the US presidential race — cementing his status as the presumptive Republican standard-bearer to challenge US President Joe Biden in November’s election.

The former president has led polling for more than a year, but the contest offered the clearest insight yet into his ability to convert that advantage into a stunning White House return.

Major US networks took just half an hour to call the race, with Trump taking 51 per cent of the vote and opening an unprecedented 30-point gap over Ron DeSantis — the biggest victory for an Iowa challenger in modern history.

The Florida governor and Trump’s other main rival — former UN ambassador Nikki Haley — were locked at 21 and 19pc respectively, with DeSantis projected to take the runner-up spot.

“Trump is the dominant candidate (in the Republican Party) and ‘contest one’ confirms the reality,” Julian E. Zelizer, professor of Public Affairs at Princeton University, told AFP. There had been questions whether Trump would be hamstrung by his legal problems, as he faces multiple civil and crim-

inal trials this year. But the extent of his victory demonstrated the 77-year-old’s success in turning his prosecutions into a rallying cry that has galvanised his followers as he takes his momentum into New Hampshire, the next state to nominate, next Tuesday.

“I really think this is time now for everybody, the country, to come together,” Trump said in a rambling, uncharacteristically lacklustre victory speech.

Heart doctor Allan Latcham, 62, who voted before heading to Trump’s election party in Des Moines, hailed a “night for victory,” although he admitted he was surprised by the speed of the result call.

Bundled up Iowa residents shuffled

into more than 1,600 voting locations, braving sub-zero temperatures in a winter storm that dulled turnout and forced candidates to cancel events at the last minute.

The margin of Trump’s victory was always the main question of the night, with analysts arguing that a gap of more than 30 points, or a voting share upwards of 50pc, would count as a good night.

The Trump machine is better organised than when he lost Iowa in 2016, with boots on the ground across the early nominating states. A strong showing was seen as essential for DeSantis, who wooed voters in all 99 counties and was hoping to run Trump close and to reel him in later in the year as

the former president’s legal woes pile up.

DeSantis confirmed that he would stay in the race to “reverse the madness that we’ve seen in this country” — although the governor is considered weak in New Hampshire and many analysts were declaring his campaign all but dead.

“Big winner tonight? Biden. He’s gonna get the candidate he wants: Trump,” Republican political consultant Mike Madrid posted on social media.

Haley, the only woman in the Republican contest, was looking to outperform expectations in Iowa and ride into a one-on-one match-up with Trump in her preferred battleground of New Hampshire.

Despite her third-place finish, Haley dismissed DeSantis’s chances of building on his Iowa support level, and she vowed to avert the “nightmare” of a Trump-Biden rematch by winning in New Hampshire.

Trump aides have been clear they want to see off the competition long before the Republican National Convention in July — and are keen for the party to coalesce around the front-runner before multiple expected court dates.

But some Republican voters said they could not back another Trump presidency.

“I can hardly even think about it.

He’s a mess. An embarrassment,” said Heather Jacobus, who voted for Haley in Des Moines.

will not break commitments, nor would it force others to pick sides, and China has always been a staunch force in safeguarding multilateralism.

As tensions between China and the US have been rising, their different approaches for the global economy have drawn great attention among global experts and businesses.

The US’ impulsiveness in turning everything into a competition with China was reportedly on vivid display in Davos.

Saudi Arabia could recognise Israel if Palestinian issue resolved: FM SAUDI ARABIA Agencies

Saudi Arabia’s foreign minister said on Tuesday the kingdom could recognise Israel if a comprehensive agreement were reached that included statehood for the Palestinians. “We agree that regional peace includes peace for Israel, but that could only happen through peace for the Palestinians through a Palestinian state,” Prince Faisal bin Farhan told a panel at the World Economic Forum in Davos. Asked if Saudi Arabia would then recognise Israel as part of a wider political agreement, he said: “Certainly.” Prince Faisal said securing regional peace through the creation of a Palestinian state was “something we have been indeed working on with the US administration, and it is more relevant in the context of Gaza”. After the eruption of conflict last October between Israel and the Palestinian group Hamas that rules Gaza, Saudi Arabia put on ice USbacked plans for the kingdom to normalise ties with Israel, two sources familiar with Riyadh’s thinking said, in a swift reordering of of its diplomatic priorities. The two sources told Reuters there would be some delay in the USbacked talks on normalisation of Saudi-Israel ties, which is seen as a key step for the kingdom to secure what it considers the real prize of a US defence pact in exchange. Before Oct 7, when Hamas fighters launched an attack on southern Israel, both Israeli and Saudi leaders had signalled they were moving steadily towards establishing diplomatic realations that could have reshaped the Middle East.

China firmly opposes US passing of Taiwan-related act: FM spokesperson BEIJING

stAFF RePoRt

China strongly deplores and firmly opposes the United States passing the so-called Taiwan-related act, and has made serious representations to the US side, a foreign ministry spokesperson said on Tuesday. It is reported that the US House of Representatives recently passed the Taiwan Non-Discrimination Act of 2023, requiring the Secretary of the Treasury to use America’s influence in the International Monetary Fund (IMF) to support Taiwan’s membership in this organisation. In response to a related query, spokesperson Mao Ning told a daily news briefing that the United States passed the so-called act to grossly interfere in China’s internal affairs and attempt to manipulate the Taiwan question for political purposes to create “two Chinas” and “one China, one Taiwan.” “We strongly deplore and firmly oppose this, and have made serious representations to the US side.” “Taiwan does not have any ground, reason, or right to join the UN, or any other international organisation whose membership is confined to sovereign states,” Mao stressed. Mao noted that on Oct. 25, 1971, the 26th Session of the General Assembly of the United Nations adopted, with an overwhelming majority, Resolution 2758, which “decides to restore all its rights to the People’s Republic of China and to recognise the representatives of its government as the only legitimate representatives of China to the United Nations”, and to expel forthwith the representatives of the Taiwan authorities “from the place which they unlawfully occupy.” Once and for all, UNGA Resolution 2758 resolved, politically, legally and procedurally, the issue of the representation of the whole of China, including Taiwan, at the UN. It also made it clear that there can only be one seat representing China at the UN, and that is the People’s Republic of China, Mao said. Over the past half century and more, Resolution 2758 has been observed by the UN, special agencies such as the IMF, and other international and regional organisations, Mao said, adding that any issues regarding the Taiwan region’s participation in the activities of international organisations must be handled in accordance with the one-China principle. The United States should fully understand the highly sensitive nature of the Taiwan question and immediately stop using the Taiwan question to interfere in China’s internal affairs, sending wrong signals to the “Taiwan independence” forces and undermining China-US relations and peace and stability in the Taiwan Strait, Mao said.

Wednesday, 17 January, 2024 | ISLAMABAD

CORPORATE CORNER PAF Checkmates Pakistan's Enemies

PAF Checkmates Pakistan's Enemies while strategically outplaying adversaries under the visionary leadership of Chief of the Air Staff, Air Chief Marshal Zaheer Ahmed Baber Sidhu. Pakistan Air Force has undertaken a transformative modernization initiative to counter evolving threats in the current geostrategic threat scenario, prioritizing the induction of modern systems through smart acquisitions and indigenization.Pakistan Air Force has adopted a comprehensive strategy to establish PAF as a potent force and to rebalance the power dynamics in the region. Chief of the Air Staff, Air Chief Marshal Zaheer Ahmed Baber Sidhu, Pakistan Air Force has led the PAF on path to becoming a Next Generation Air Force with induction of niche technologies, state-of-the-art equipment and human resource trained on modern standards with contemporary architecture for Full Spectrum Cross Domain Multi Arena warfare readiness in the fields of Aviation, Space, Cyber, Artificial Intelligence and Information Technology to address the modern aerial warfare challenges. PR

Free medical camp established by Pakistan Navy in coastal area Kappar, balochistan

P

ISLAMABAD

STAFF REPORT

AKISTAN Air Force (PAF) has undertaken a transformative modernization initiative to counter evolving threats in the current geostrategic threat scenario, prioritizing the induction of modern systems through smart acquisitions and indigenization.

PAF Checkmates Pakistan’s enemies while strategically outplaying adversaries under the visionary leadership of Chief of the Air Staff, Air Chief Marshal Zaheer Ahmed Baber Sidhu.

According to a press release, Pakistan Air Force has undertaken a transformative modernization initiative to counter evolving threats in the current geostrategic threat scenario, prioritizing the induction of modern systems through smart acquisitions and indigenization.

PAF has adopted a comprehensive strategy to establish PAF as a potent force and to rebalance the power

‘iESCO holding open kacheries are the best forum to find out consumers' issues’

IESCO management and field formations have always tried to address the issues of esteemed customers on priority basis while at the same time ensuring the provi sion of best services to them. In the same spirit and with a sense of professional responsibility, IESCO has issued a schedule of open Katchary in all operational circles. According to the details, Islamabad Circle (IESCO Nilore Sub Division, Islamabad), Rawalpindi City Circle (Dhoke Gujrain Stop, Near PSO Pump, Misrial Road, Bhata Chowk Road, Rawalpindi), Rawalpindi Cantt Circle (A-Block Media Town, Rawalpindi), Attock Circle (IESCO Operation Sub Division Attock Cantt), Jhelum Circle (IESCO Operation Sub Division Jhelum Rural) Chakwal Circle (Opposite Iqbal Marque Daultala) Superintending Engineers will hold Open Kachary on January 18, 2024 (Thursday) From 10:00 AM to 12:00 Noon and will issue necessary instructions to resolve the issues of consumers on the spot. IESCO Chief Executive Officer Dr. Muhammad Amjad Khan will monitor the open Kachery. PR

PEC Engineers' Excellence Awards-2022

ISLAMABAD: Engineers of the country have been playing enormous role in the development and progression of Pakistan, especially mega projects and strategic initiatives making use of indigenous resources. In this regard, Pakistan Engineering Council has announced "PEC Engineers' Excellence Awards-2022" which are conferred every year to decorate outperforming engineers through a comprehensive evaluation process, in recognition of the efforts and outstanding contributions put in by engineering professionals in their respective fields.

To recognize the outstanding services and achievements of eminent Pakistani Engineers who have made notable impact in national interest and contributed significantly to the country’s social and economic development, "PEC Engineers' Excellence Awards-2022"will be conferred by the Honorable President of the Islamic Republic of Pakistan H.E Dr. Arif Alvi on January 22, 2024 at Aiwan-e-Sadr, Islamabad. The PEC Engineers’ Excellence Award would be conferred in following eight categories to cover all aspects of recognition towards contribution and services of notable engineers, whether local or expatriate: Categories: Lifetime Achievement for Distinguished National Service, Academia and Research, Innovative. PR

dynamics in the region.

Chief of the Air Staff, Air Chief Marshal Zaheer

National-level cohesive strategy essential to align SEZs with TTi: report

ISLAMABAD STAFF REPORT

KARACHI: In continuation to efforts for uplifting to provide standard health facilities along the Coastal areas of country, Pakistan Navy established free medical camp at Coastal village Kappar, Balochistan.Free medical camp was established by Pakistan Navy doctors, paramedic staff in collabration with Sahil Welfare Association. In this medical camp hundreds of patients including women and children were provided free medical treatment. A dedicated team of doctors and paramedic staff comprising of Medical, ENT, General Surgeon, Gynecologist, Skin Specialist and GDMO examined the patients and provided them with free consultation and medicines.The local populace of the area was also provided information about maternal health and nutritional requirements of mother and children. The patients were enlightened about common infections, personal health, hygiene, child healthcare and prevention of diseases and sanitation of living areas.PR

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COMPREHENSIVE STRATEGY ADOPTED TO ESTABLISH PAF AS POTENT FORCE NEWS

A national-level cohesive strategy is essential to align Special Economic Zones (SEZs) with Trade and Transit Infrastructure (TTI) corridors, enhancing their effectiveness as trade catalysts and avoiding high failure rates seen globally. This was stated by Amer Zafar Durrani, President of Reenergia, a social impact advisory group in Pakistan.

Presenting a report at a seminar on “CPEC-centric Investment Opportunities in Pakistan’s Trade and Transit Infrastructure” he said, Gwadar’s emergence as an alterna-

tive port is significant, with the N10 Coastal Highway becoming a direct route, linking Karachi through the coastal belt of Baluchistan to Gwadar.

Durrani said, “The M9 Karachi-Hyderabad highway has further streamlined activity in Sindh. The road network emanating from Karachi is central to the country’s trade dynamics.

Major routes like M1, M2 N5, N25, and the N10 Coastal Highway connect Karachi to various regions, facilitating the transportation of goods.”

Hassan Daud Butt, former CEO KPK Board of Investment and Trade, highlighted the impor-

tance of trade and transit infrastructure that Pakistan needs.

He said the report made by Reenergia was about roads, ports railways as well as the border crossing for which Pakistan has to invest effort and perhaps attract investment from not only China but other potential investors.

“For this, Public-Private Partnership and a strong ease of doing business environment are required for which the role of Special Investment Facilitation Council (SIFC) will be important,” he said.

Pakistan has been taking steps to become a trade, transit, and transshipment hub in the region.

CPEC has been a significant contributor to this effort, with nearly 50 projects worth $25 billion completed so far.

These projects include the construction of modern highways, seaports, airports, and rapid mass transport systems, which have improved Pakistan’s transport network, connected cities and remote areas, improved accessibility, and facilitated the movement of goods and people across the country, Gwadar Pro reported on Tuesday.

Dirt on Gaurav Srivastava aired in public as Tumblr shuts fraudulent blogs LONDON

AGENCIES

Microblogging and social networking website Tumblr has confirmed that it has removed several accounts and posts from its platform after its site was abused by Indian businessman Gaurav Srivastava.

The Indian businessman used Tumblr’s backdating function to create posts that appeared to be from an earlier date, then used these posts as the basis for copyright claim to manipulate Google results for his name.

Tumblr said that the blogs and their posts were removed “for violating community guidelines” after they were used in an attempt to remove factual stories about the businessman, who abused the name of American secret service Central Intelligence Agency (CIA) to defraud a Dutch oil trader. The complex, international fraud carried out by Srivastava is the subject of increasing media interest after other allegations about Srivastava’s history of fraud came to light.

According to an investigation, Tumblr accounts linked to Gaurav Srivastava lied to Google to get two articles de-indexed and removed from Google’s search results by claiming that the original

investigative stories were published on Tumblr and not on the journalistic platforms.

According to legal complaint repository the Lumen Database, complaints were made to Google citing the Digital Millennium Copyright Act (DMCA). The complaints claimed that the stories exposing the fraud and deceit of Gaurav Srivastava on how he cheated a Dutch oil trader were a copyright violation of the stories published on Tumblr site.

Gaurav Srivastava has a wellknown history of using false copyright claims to shut down fact-based coverage of his malicious activities. After critical coverage is published, he copies the work to a new anonymous blog

with no post history (often on sites like Tumblr or Medium), backdates the post, and files a complaint to Google under DMCA. The parent company of Tumblr, Automattic, confirmed in a statement their assessment that the blogs were set up to raise fake DMCA claims – by people linked to Gaurav Srivastava – and have been “removed from Tumblr for violating our Community Guidelines”.

The statement added: “Tumblr and Automattic take legitimate copyright protection very seriously.

We take great care to protect our users from fraudulent or otherwise invalid takedown notices, and similarly we have a zero-tolerance policy for blogs using our services to abuse the DMCA.”

Ahmed Baber Sidhu, Pakistan Air Force has led the PAF on path to becoming a Next Generation Air Force with induction of niche technologies, state-of-the-art equipment and human resource trained on modern standards with contemporary architecture for Full Spectrum Cross Domain Multi Arena warfare readiness in the fields of Aviation, Space, Cyber, Artificial Intelligence and Information Technology to address the modern aerial warfare challenges. The acquisition of J-10C fighter jets, Unmanned Aerial Systems, modern electronic warfare platforms, force multipliers, stateof-the-art integrated air defence systems, air mobility platforms, HIMADS and hypersonic missile capabilities at an unprecedented pace has bolstered the PAF’s war fighting capabilities.

A key milestone in this strategic transformation has been the acquisition of Fifth Generation Stealth fighter jets, the foundation of whose induction into the PAF has already been laid which will ensure an impregnable defence of the country.

iiu holds seminar on ‘conduct of holy Prophet (Pbuh) in dealing with nonMuslims in a Muslim society’

ISLAMABAD: A National seminar on “The conduct of Holy Prophet (Peace be upon him) in dealing with Non-Muslims in a Muslim society" was organized by the of Islamic Research Institute (IRI) of the International Islamic University (IIU) in which participants agreed that the message of peace in the light of Seerah of Holy Prophet (PBUH) must be disseminated with the use of contemporary means.They opined that the life of the Prophet (PBUH) teaches that there must not be any use of force for the religion, while salient features of Seerah such as respect, peaceful co-existence and avoiding coercion in matters of religion should be adopted to build a stable society.This national seminar was organized at the Faisal Masjid ampus of IIU by Islamic Research Institute in collaboration with National Rahmatul-Lil-Aalameen Wa Khatamun Nabiyyin Authority and Jamia Muhammadiyah, Chiniot. PR

realme unveils midrange quality groundbreaker realme C67 for PKR 52,999/-

The Midrange Quality Groundbreaker is Here for PKR 52,999/-In a groundbreaking move, realme has officially announced the launch of its muchanticipated realme C67 at an impressive price of PKR 52,999/-. This midrange quality groundbreaker - as the phone is being titled, is poised to redefine the smartphone landscape, offering a host of features that make it an unbeatable choice in its price segment.Capturing Brilliance: The Camera MarvelAt the heart of the realme C67 is the segment’s only 108MP Ultra Clear Camera with 3X In-sensor Zoom. This device elevates smartphone photography to new heights with the 1/1.67” S5KHM6 sensor that has 3X In-sensor Zoom. The Samsung S5KHM6 is a 1/1.67" format, 108 MP class stacked imager featuring 0.64 µm pixel pitch, ISOCELL 2.0 pixels, and Nonacell Bayer RGB color filters. The 108MP Mode ensures stunning clarity and detail, while the 3X In-sensor Zoom allows for more versatile shooting from various perspectives.

Night Mode, EIS Stabilization, and creative filters further enhance the photography experience. Design Elegance: A Visual MasterpieceThe design of the realme C67 is a visual masterpiece. The Sunny Oasis Design, inspired by the radiant glow of an oasis meeting the sun's rays, adds a touch of sophistication. realme C67 is the first phone in the price range to remove the screen plastic bracket of the phone, making it the slimmest phone in its segment at 7.59mm. To make the screen more interactive, it features a Mini Capsule 2.0 that has been optimized for a better interactive and functional experience. You can control Music, Weather, Events and other things - just by interacting with the capsule upfront!. PR

Pakistan, China getting closer through province and sister city relationships: Envoy CHENGDU

STAFF REPORT

Pakistan, China are getting closer through province and sister city relationships as well, said Ambassador of Pakistan to China Khalil-ur-Rahman Hashmi during his visit to Sichuan province.

The Ambassador undertook an orientation visit to Sichuan, the economic and cultural hub of Southwest China, China Economic Net (CEN) reported on Tuesday.

During the visit, he engaged the provincial leadership, business enterprises, academia, the Pakistani community, and Chinese media during this visit.

Chinese officials, both sides expressed satisfaction over the robust nature of Pakistan-China relations.

They discussed proposals to enhance Pakistan-China (Sichuan) cooperation

and collaboration, especially in the economic and cultural fields including through sister province and sister city re-

lationships that are already in place.

The Ambassador met President of Sichuan University, highlighting the im-

portance of academic research and scholarship in advancing bilateral relations.

With a key focus on enhancing Pakistan’s exports and attracting Chinese investment, the Ambassador interacted with diverse business enterprises in sectors like agriculture, dairy, electronics, and logistics.

He also participated in an investment round table organized by the provincial China Council for Promotion of International Trade (CCPIT) and encouraged enterprises and businesses to take advantage of a liberal taxation regime and invest in export-oriented industries in Pakistan.

Ambassador Hashmi also celebrated the arrival of the first batch of 182 tonnes of Pakistani dry chilies in China while attending the signing of a Letter of Intent for a sister city relationship between Multan, Pakistan, and Neijiang, China.

ADOPTION OF MODERN TECHNOLOGY ESSENTIAL TO ENSURE RELIABILITY, STRENGTHENING OF DEFENCE: COAS PTI candidate escapes

Wednesday, 17 January, 2024

PRAYER TIMINGS

NEWS

C

RAWALPINDI

STAFF REPORT

HIEF of Army Staff (COAS) General Syed Asim Munir on Tuesday declared that the path to national progress is defined by indigenous and local industries like POF Wah. “We will continue to work for selfreliance and the adoption of the latest technology, which is essential towards ensuring reliability and strengthening the defence of Pakistan,” the army chief reiterated during a visit to the Pakistan Ordnance Factories (POF) Wah. According to a statement from the ISPR, Gen Asim Munir paid a significant visit to the Pakistan Ordnance Factories (POF) in Wah, a crucial hub for the nation’s defence production, to gain insights

Services Public Relations (ISPR) said.

During the visit, the Army Chief was briefed about the production capabilities of Pakistan Ordnance Factories (POF),

into POF’s production capabilities, its role in meeting the defence needs of the Pakistan Armed Forces, and its potential for export, the statement from the Inter-

its contributions towards fulfilling the defence requirements of the Pakistan Armed Forces and export potential, the ISPR news release said.

The COAS witnessed a wide range of POF Products including indigenously designed and manufactured new weapons and ammo under test & trials.

While addressing the POF officers and staff, COAS appreciated their contributions to the security and economy of the country by making POF the prime defence industry of Pakistan.

Gen Munir applauded the pivotal role of POF as the primary defence industry in the country and acknowledged the significance of indigenous and local industries in the path to national progress.

Earlier on arrival, the COAS was received by Chairman POF Wah.

Air Chief, US envoy discuss elevating training momentum via enhanced cooperation ISLAMABAD

STAFF REPORT

FM Jilani embarks on week-long official visit to Uganda ISLAMABAD

STAFF REPORT

Caretaker Foreign Minister Jalil Abbas Jilani on Tuesday embarked on week-long official visit to Kampala, Uganda to participate in the 19th Summit of the Heads of State and Government of the Non Aligned Movement (NAM) and the Third South Summit.

The foreign minister will share Pakistan’s perspective on endemic and contemporary global challenges related to international peace, security and development at the NAM Summit. He will underline the need for strengthening multilateralism and reinvigorating the NAM’s role in promoting the purposes and principles of the UN Charter.

At the South Summit, FM Jalil Abbas Jilani will present Pakistan’s vision on enhanced cooperation and solidarity among countries of the Global South to respond to common challenges and agree on an agenda for a prosperous and united South.

In a statement, Foreign Office Spokesperson Mumtaz Zahra Baloch said that as a longtime member, Pakistan has contributed to and shaped the agenda of NAM and is strongly committed to further strengthening its role in responding to regional and global challenges relating to questions of peace and security.

Similarly, the spokesperson said Pakistan has remained an active member of the Group of 77 and China, and attaches high priority to cooperation among the Global South, including in sustainable development, poverty eradication and climate change.

On the sidelines of the two Summits, the Foreign Minister was also expected to hold bilateral meetings with the heads of delegation of other participating countries.

Khan moves IHC against jail trial in Toshakhana, Al-Qadir Trust cases ISLAMABAD

STAFF REPORT

The Pakistan Tehreek-e-Insaf (PTI) founder on Tuesday challenged the jail trial in Toshakhana and Al-Qadir Trust cases in the Islamabad High Court (IHC). The PTI founder and former prime minister Imran Khan filed two petitions against the notifications on jail trial of the Toshkhana and AlQadir Trust cases. The petitioner has made the National Accountability Bureau (NAB) chairman and others respondents in the case.

The PTI founder, in his petition, contended that the notifications issued on November 14 and 28 respectively regarding the jail trial of Al-Qadir Trust case and the Toshkhana cases, were invalid and malicious. He requested the court to declare the jail trial notifications null and void, urging the court to issue a stay order against the proceedings.

Imran remains behind bars in the Adiala jail since August 5, 2023, in multiple cases including Toshakhana, Al-Qadir Trust, and a dozen cases linked to the May 9 violence.

According to the charges in the Al-Qadir Trust case, the deposed premier and others allegedly adjusted Rs50 billion — £190 million at the time — sent by Britain’s NCA to the Pakistani government.

They also face charges of receiving undue benefits in the form of over 458 kanals of land at Mouza Bakrala in Sohawa to set up the Al-Qadir University.

Later, then-prime minister Imran acquired approval of the settlement with Britain’s crime agency from his cabinet on December 3, 2019, without disclosing details of the confidential agreement.

It was decided that the money would be submitted to the Supreme Court on behalf of a property tycoon.

On May 9, Imran was arrested in connection with the case from the premises of the Islamabad High Court by dozens of Rangers personnel, triggering countrywide protests.

Chief of the Air Staff Air Chief Marshal Zaheer Ahmed Baber Sidhu and US Ambassador to Pakistan Donald Blome on Tuesday discussed issues of bilateral interests and expressed the mutual desire to elevate the training momentum through enhanced collaboration between the air forces of both sides, said a Pakistan Air Force (PAF) news release.

According a news release from the PAF, during the meeting, both the air chief and the US ambassador emphasized the importance of fostering a “robust exchange” of delegations and knowledge sharing to bolster the capabilities of the American and Pakistani air forces.

“The discussion also centered around collaboration in the recently established techno parks, with a focus on leveraging technological advancements to enhance operational effectiveness and efficiency,” the PAF release said.

Both sides also discussed fortifying existing ties and exploring

new avenues for joint ventures and strategic partnerships, the statement added.

“Pakistan deeply values its robust diplomatic, economic and defense ties with the United States of America which are firmly rooted in mutual consensus concerning all important matters pertaining to regional peace, security and stability,” Sidhu was quoted as saying by the PAF. On the occasion, Blome admired Pakistan’s “unwavering commitment” to facilitate regional peace

and stability, the statement said.

The US envoy lauded the commendable level of professionalism of Pakistan Air Force personnel and acknowledged the remarkable strides made by PAF through indigenization under the current leadership.

“Both sides concurred to further optimize the existing militaryto-military relationship between the two countries with a specific focus on enriching training and bolstering operational competencies,” it said.

FAJR SUNRISE

ZUHR

ASR MAGHRIB ISHA

6:20

1:30

4:00

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gun attack in Swabi SWABI

STAFF REPORT

Pakistan Tehreek-e-Insaf (PTI) provincial assembly candidate for upcoming general elections escaped firing on vehicle here on Tuesday.

According to details, unidentified armed men sprayed bullets on PTI candidate for PK-49, Irfan Jadoon but he survived in the assault and attackers fled the scene.

Irfan Jadoon said that he was returning after attending a funeral procession when unknown gun sprayed two bullets on his vehicle but by grace of Allah Almighty he remain unhurt. The police registered a case against unidentified assailants and started investigations.

PPP demands ROs’ removal for ‘denying’ arrow symbol KARACHI

STAFF REPORT

Pakistan People’s Party (PPP) demanded the Chief Election Commissioner to remove those Returning Officers (ROs) who have ‘not’ allotted “Arrow” symbols to seven candidates of the party from Punjab for the General Elections 2024.

PPP’s In-Charge Election Cell Taj Haider said that ‘injustice is being done with their party in Punjab. “A pattern is emerged during the election schedule which is against the PPP,” he added. Taj Haider said that the PPP has also written a letter to the Election Commission of Pakistan (ECP) and demanded the removal of the concerned ROs. The PPP In-Charge Election Cell said their candidates from two national and five provincial constituencies of Punjab were declared independents and have been issued different symbols instead of the party’s traditional “Arrow”.

Taj Haider said that ROs are misbehaving with the PPP candidates from Punjab, terming it injustice with the party. He said that the PPP’s campaign for the general elections 2024 is in full swing, while the campaign of Pakistan Muslim League-Nawaz (PMLN) is ‘nowhere’. Taj Haider said that the PPP will emerge victorious in the elections 2024.

PTI reacts to PBC, SCBA statements on intra-party polls ISLAMABAD

STAFF REPORT

ECP notifies new secretary amid brisk pace preparations for Feb 8 polls

ISLAMABAD STAFF REPORT

The Election of Commission of Pakistan (ECP) on Tuesday accepted the resignation of its ‘ailing’ secretary Omar Hamid Khan and notified the appointment of a new secretary ahead of the general elections 2024.

According to official notification, Dr Syed Asif Hussain has been appointed, vice Omar Hamid whose resignation has been accepted.

The notification read: Chief Election Commissioner (CEC) Sikandar Sultan Raja has appointed Asif Hussain, a grade-22 officer as the secretary ECP for the duration of one year.

The development came after

the commission approved the resignation of Omar Hamid as Election Commission of Pakistan secretary.

The Commission earlier refuted reports regarding the resignation of ECP secretary Omar Hamid, saying the latter was on medical leaves and would rejoin office after recovery of health.

Meanwhile, the Election Commission has completed all preparations for hold polling for the National and Provincial assemblies next month. Talking to state-run Tv, ECP Spokesperson Syed Nadeem Haider urged the general public to exercise their right to vote on polling day.

The spokesperson mentioned that election symbols have been allocated to the contesting candi-

dates, and the ECP is set to start the printing of ballot papers.

Syed Nadeem Haider also stated that monitoring cells have been set up at the provincial level as well as at the ECP Secretariat in Islamabad to ensure the implementation of the election Code of Conduct.

Earlier, the Election Commission has unveiled the preliminary list of candidates contending for seats reserved for minorities in the National Assembly.

According to list issued by ECP, nomination papers of 37 candidates have been approved for the 10 National Assembly seats. In light of the Supreme Court’s decision, Pakistan Tehreek-e-Insaf (PTI) is excluded from the competition for minority seats as they did not secure the election symbol.

According to the schedule issued by the Election Commission, appeals for the acceptance or rejection of nomination papers by returning officers can be submitted until January 16, and the Appellate Tribunal will hear them until January 19. The revised list of candidates will be released on January 20, withdrawal of nomination papers can be done until January 22, and the final list of candidates will be unveiled on January 23.

Pakistan Tehreek-e-Insaf (PTI) spokesperson strongly denounced the recent press conference held by representatives of the Pakistan Bar Council (PBC) and Supreme Court Bar Association (SCBA), labeling it as part of a larger scheme to undermine free and fair elections in the country. The spokesperson rejected the court’s decision to strip PTI of its electoral symbol, the “bat,” calling it flawed and offensive, and accused the judiciary of succumbing to political pressure. Highlighting PTI’s commitment to transparent intra-party elections, the spokesperson emphasized the party’s adherence to the law during the election process. He criticized the silence of lawyers’ representatives in the face of constitutional violations, the trampling of the constitution, and the installation of unconstitutional governments in the provinces.

Expressing concern over the threats faced by the judiciary, particularly the judges of the Peshawar High Court, the spokesperson accused a minority class of lawyers of contributing to the erosion of democracy and the destruction of the judiciary.

Despite these challenges, PTI spokesperson vowed that the people would respond to overt and covert attacks through the power of votes on February 8, aiming to thwart rival forces and defend constitutional, legal, and democratic principles.

In a separate statement, the PTI spokesperson addressed internal party matters, affirming that PTI remained fully united. All decisions within the party were claimed to be made unanimously in accordance with the vision of PTI Chairman-for-life Imran Khan.

Dismissing claims of division within the party, the spokesperson condemned attempts to create such impressions and reiterated the party’s readiness for the upcoming general elections. The spokesperson declared that the process of awarding tickets in Khyber Pakhtunkhwa had been completed with diligence, and candidates for other parts of the country would be finalized by the evening. PTI’s unity and preparation for the general elections were underscored, with a commitment to securing a historic mandate on February 8 to end lawlessness, constitutional deviations, and injustices in the country.

SHC issues directive for recovery of two citizens missing since long KARACHI STAFF REPORT

The Sindh High Court on Tuesday issued explicit directives to the authorities for the production of two citizens who have been missing for an extended period.

The court also issued an explicit directive that the individuals whose enforced disappearances have been established must be brought before the court.

A single-judge SHC bench, comprising, led by Justice Nimatullah Phalpoto issued the directive while hearing two cases, seeking the recovery of Mohammad Naeem, who went missing a decade ago, and Hafiz Farhan Qadri, who disappeared in 2020.

During the hearing of petitions related to the enforced disappearances on Tuesday, the public prosecutor informed the court that meetings of the Joint Investigation

Team (JITs) and investigations had confirmed that both citizens were subjected to “enforced disappearances.”

Expressing concern over the prolonged disappearance of both the individuals, Justice Nimatullah Phalputo urged decisive action based on findings of the investigation. The investigating officer reported that Hafiz Farhan Qadri had surfaced after remaining missing earlier, and now again was missing since 2020. Both the cases have been registered at Madina Colony police station and a court has declared them as ‘absconders.’

During the hearing, Justice Nimatullah Phalputo emphasized the urgency for producing the missing citizens in court, irrespective of the circumstances. Consequently, the court issued order to the Interior Secretary, demanding production of the enforced disappeared persons in court.

Published by Asad Nizami at Plot # 7, Al-Baber Centre, F/8 Markaz, Islamabad, for PT Print (Pvt) Limited. Ph: 051-2204545. Email: newsroom@pakistantoday.com.pk