In partnership with Sunday, 4 February, 2024 I 23 Rajab, 1445
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Rs 20.00 | Vol XIV No 217 I 8 Pages I Lahore Edition
CAN ANY MAJOR POLITICAL PARTY ADDRESS INFLATION? ELEVATED PRICE LEVELS RAISE CONCERNS
LATEST CPI DATA SHOWS A DECELERATION IN INFLATION RATE, YET PRICE LEVELS REMAIN SIGNIFICANTLY HIGH
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MARIAM UMAR FAROOQ & AHTASAM AHMAD
N Thursday, February 1, 2024, the Pakistan Bureau of Statistics (PBS) released the inflation figures for the month of January. The price levels saw a rise of 28.34% compared to the same period a year ago, providing a slight relief from December’s figure of 29.66%. Still, the country’s inflation rate continues to remain elevated and is currently the highest in Asia. This highlights a significant trend that every political party is promising to address once they assume office after the upcoming general elections, which are scheduled on February 8. The economic fundamentals and the ground reality, however, suggest that the claims might be mere lip service and sloganeering as the country’s economic future hangs by a thread awaiting the transition from the existing International Monetary Fund’s (IMF) Stand-by Agreement (SBA), ending in March, to a long term Extended Fund Facility. The Inflation Conundrum Keeping track of price levels has proven to be a challenging task for policymakers in recent years. The State Bank of Pakistan (SBP) has not met its medium-term inflation expectations since 2020. From 2020 to 2023, the SBP had anticipated a medium-term inflation rate of around 5-7%. Moving into 2024, the central bank
continues to base its decisions on similar expectations. According to the SBP’s Monetary Policy Statement released on January 29, the committee believes that the real interest rate will remain significantly positive over the next 12 months, as inflation is expected to decrease. Additionally, the SBP has maintained its medium-term inflation target of 5-7% aiming to achieve it by September 2025. However, the recent energy price hikes remain a significant threat. “Inflation expectations have shot up (the average inflation rate of the fiscal year 2024 is now at 25.3% against 24.1% earlier) following a petrol price hike (Rs 12/ per litre) and an expected gas tariff hike of 30% in February. This
also includes a higher fuel cost adjustment of Rs 4.66/kWh in February (+20bps impact to Feb CPI),” tweeted FIRM Ventures, a venture capital firm based in Karachi, Pakistan that invests in startups and public equities. Similar concerns are echoed by Amreen Soorani, head of research at JS Global Capital. “Going forward, energy-led inflation is a key risk to our fiscal year 2024 expected CPI average of ~25%. While the impact of the latest petrol price increase amounts to 10 basis points (not including secondround impact), every 20% gas price hike would have an incremental impact of 20 basis points (also due in February 2024)”, she writes in her recent analysis note published on February 2.
‘Third in five days’: PTI founder, wife sentenced to 7 years in prison in Iddat case ISLAMABAD
STAFF REPORT
IMF Chief Kristalina Georgieva has recently emphasised that central banks worldwide should refrain from implementing premature rate cuts solely based on “market expectations” as it could lead to a resurgence of price pressures. In Pakistan, however, expectation of a rate cut around March or April remains high as analysts see inflation subsiding. “We maintain our call of the first interest rate cut since 2020 materialising in March/April 2024 where spot inflation is expected to clock in lower than current policy rate; providing policy markers added comfort to the 12-month forward inflation already being comfortably lower than current policy rate. Any sharp increase in global oil prices and/or sharp rupee depreciation against the dollar remain key risks to our CPI forecast,” remarked Soorani in her analysis. Political discourse The election campaigns of the political parties are currently in full swing, with manifestos being released and leaders making promises of a better future for citizens. Central to the discourse is the economic challenge that Pakistan has been grappling with for the past two years. During this period, the country has faced one of its worst episodes of inflation and a foreign exchange crisis. Naturally, many promises are being made regarding the revival of the economy, as it remains the primary concern for voters. However, the proposals being put forth are, to say the least, lacking in substance.
Third sentence over the last five days, the Islamabad’s Senior Civil Court on Saturday sentenced former premier Imran Khan and his wife Bushra Bibi to seven years in prison in marriage during the Iddat period case. The court fined the couple Rs0.5 million each was also imposed on the ex-premier and his wife. This is the third verdict against the PTI founder during the last five days as the former premier was earlier this week sentenced to 10 years imprisonment in the cypher case and 14-year imprisonment in the Toshakhana case. The verdict in the ‘un-Islamic’ marriage case was reserved by the court after a 14-hour-long hearing on Friday night. The hearing was conducted within the premises of Adiala jail in Rawalpindi, and was presided over by Islamabad’s Senior Civil Judge Qudratullah. The case, filed by Bushra Bibi’s first husband, Khawar Maneka, alleges that Bushra violated the Islamic practice of observing the mandatory pause, or Iddat, between two marriages. Furthermore, Maneka accused his ex-wife and Khan of having an adulterous relationship before their marriage. Earlier, the cross-examination of the four prosecution witnesses, including Maneka, Aun Chaudhry, Nikah Khawan Mufti Saeed, and Maneka’s employee Latif, was completed. The defence was led by Advocate Salman Akram Raja for Imran and Advocate Osman Riaz Gul for Bushra. Khan and Bushra submitted a joint statement of 342, answering 13 questions. In her statement, Bushra declared the divorce certificate of November 14, 2017, as fabricated, claiming she completed her mandatory iddat period from April to August 2017 after receiving a verbal triple talaq from Maneka in April 2017. The court rejected the defence’s request to produce additional witnesses. A plea of acquittal under Section 249-A and jurisdictional pleas under Section 179 were also rejected. During the hearing on February 1, Maneka made serious accusations against Imran, claiming the illicit relationship began during the 2014 sit-in and accusing the PTI founder of ruining his family. Imran challenged Maneka to take an oath on the Holy Quran.
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US TRAVEL ADVISORY URGES CAUTION DURING PAKISTAN ELECTIONS
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Pakistan have previously become targets for violence. US citizens intending to visit Pakistan were urged to stay vigilant and informed about the locations of political rallies in their planned areas. On election day, specific areas around polling stations were expected to be crowded, prompting non-participating US citizens to avoid these locations. Additionally, disruptions to internet and cellular services were anticipated in the period leading up to, during, and immediately after the elections. The State Department provided specific recommendations for US citizens, including avoiding areas with large public gatherings, exercising caution near
ISLAMABAD
Staff RepoRt
HE US State Department on Saturday cautioned American citizens to exercise vigilance during the upcoming general elections, scheduled for February 8. In a travel advisory, it highlighted potential disruptions and safety concerns linked to political activities, such as marches, rallies, and speeches leading up to election day. Acknowledging that public gatherings are intrinsic to the democratic process, the advisory underscored their capacity to impede traffic, disrupt transportation, and pose safety risks, as political events in
demonstrations, reviewing personal security plans, monitoring local media for updates, maintaining a low profile, carrying identification and cooperating with local authorities. The advisory encouraged enrolling in the Smart Traveler Enrollment Program (Step) for security updates, with additional information available on the US Embassy’s official website. As Pakistan’s political landscape evolves ahead of the general elections, the US State Department reaffirmed its commitment to offering timely information and support to American citizens in the region. It urged citizens to stay informed and take necessary precautions for their safety amid heightened political activity.
For assistance, US citizens in Pakistan can contact the US Embassy in Islamabad and the US Consulate Generals in Karachi,
Economic stability achieved by Pakistan’s caretaker govt, says Finance Minister g
Sunday, 4 February, 2024 | LAHORE
Dr Shamshad emphasized need for privatization to reallocate resources towards education, health, and development PROFIT
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In a recent press conference, Dr. Shamshad Akhtar, Caretaker Federal Minister for Finance, announced that Pakistan’s economy has stabilized due to effective measures taken by the interim government. The caretaker administration’s efforts over the last six months have led to significant economic improvements, including a reduction in the exchange rate volatility and a narrowing gap between the open market and official rates, which has fostered economic stability. Key achievements include a decrease in the trade deficit to $1.9 billion in January 2024 from $2.6 billion the previous year and a 27% increase in
exports to $2.8 billion in January. Additionally, the successful negotiation with the International Monetary Fund (IMF) resulted in a $700 million tranche in January 2024, alongside $1.5-1.6 billion secured from other multilateral institutions. The government has also managed to reduce the fiscal deficit to 1.3% of GDP and the current account deficit by 71.1% to $831 million in the first half of FY2024. The introduction of the Export-Import Bank (EXIM Bank) marks a strategic move to enhance export financing. Dr. Shamshad emphasized the need for privatization to reallocate resources towards education, health, and development, advocating for high-quality corporate governance in State-Owned
‘Unlawful’ marriage case made to ridicule me: Imran Khan ISLAMABAD
Staff RepoRt
Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan said on Saturday that the unlawful marriage case was made to humiliate and ridicule him and no effort was spared to achieve the goal. The former premier maintained that he would not cut a ‘deal’ with the powers that be. Speaking to the media following the announcement of the case verdict, he said that the punishment handed down to him in the Toshakhana case had not been given to any other politician accused of misusing the state repository. He reiterated that the unlawful marriage case was made to ridicule and humiliate him. The PTI founder added that around 200 cases have been registered against him and in the country’s history, no individual has been booked in so many cases. “I still say, I have not made a deal and will not make one. I will die rather than cut a deal,” said a defiant Imran. Referring to PML-N supremo Nawaz Sharif and his brother, former premier Shehbaz Sharif, the PTI founder said the elder Sharif was disqualified by the Supreme Court after a JIT was formed but all cases against him have been dismissed and similarly, Shehbaz had a ‘strong’ case lodged against him by the FIA but that too was dismissed. Making a veiled reference, Imran said 400 drone attacks were carried out on the country but no one spoke and added that the “slave has returned from abroad to do their bidding now”. The court sentenced former premier Imran Khan and wife Bushra Bibi to seven years imprisonment each on Saturday in the ‘unIslamic’ marriage case. The verdict in the ‘un-Islamic’ marriage case was reserved by the court last night after a lengthy 14-hour hearing concluded on Friday night. A fine of Rs0.5 million each was also imposed on the ex-premier and his wife. This is the third sentencing for the PTI leader over the last five days. The former premier was earlier this week sentenced to 10year imprisonment in the cypher case, and 14-year imprisonment in the Toshakhana case.
Enterprises and encouraging the use of the Pakistan Stock Exchange for raising liquidity. These efforts underscore the
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PESHAWAR
Pakistan’s real estate sector is poised for a potential transformation, as the nation sets its sights on leveraging the expertise of Chinese construction giants. This strategic partnership aims to not only expedite infrastructure development but also inject quality and sustainability into the equation. Dr. Liaqat Ali Shah, head of policy at the Centre of Excellence for CPEC, paints a promising picture. He envisions Chinese firms, seasoned veterans of China’s rapid urbanization boom, sharing their efficient construction techniques with Pakistan.
caretaker government’s role in setting a solid foundation for Pakistan’s future economic growth and stability.
In a recent statement, Colonel Sheraz, a prominent member of caretaker Federal Interior Minister Dr. Gohar Ejaz’s team, addressed the speculation surrounding the potential shutdown of mobile networks and internet services during the forthcoming general elections. Speaking to Profit, he stated unequivocally that no decision has yet been made concerning this issue. The determination of whether to proceed with such a shutdown will hinge on the evolving security needs and assessments closer to the election period. This clarification comes against a backdrop of widespread rumors and concerns among the public, propagated through various social media platforms. Many
citizens have voiced apprehensions about the implications of such a shutdown on Election Day, primarily due to security considerations. The prospect of disrupting mobile and internet connectivity had raised alarms over the potential negative impact on business operations and the general conduct of daily affairs. Colonel Sheraz’s announcement aims to quell these concerns by indicating that the decision will be made based on necessity, with careful consideration of the potential consequences on both security and civilian life. The situation remains fluid, and authorities are likely to monitor developments closely as the elections approach, ensuring that any action taken is in the best interest of public safety and order. However, in this context, the Ministry of Interior’s PR Officer, Qadir Yar Tawana, also informed that no such decision has been made yet.
ATC returns Sh Rashid’s bail plea with objections RAWALPINDI
Staff RepoRt
The Anti-Terrorism Court Rawalpindi on Saturday returned the bail application of Awami Muslim League Chief Sheikh Rashid Ahmed after prosecution raised objections to the plea. ATC Judge Malik Ijaz Asif presided over the proceedings. He deemed the prosecution’s objections valid and directed the applicant to remove the objections till February 6. Later, the judge adjourned the bail application hearing until February 6. The prosecution raised the objections that the High Court orders related to the May 9 case in Sheikh
Rashid Ahmed’s petition was missing. Additionally, certified copies of
Pakistan eyes Chinese expertise to boost real estate growth aziz buneRi
ISLAMABAD
Speculation addressed as authorities evaluate security needs ahead of general elections Shahab omeR
This, he believes, will pave the way for building robust and resilient infrastructure, especially in areas vulnerable to natural disasters. The collaboration, aligned with the global push for sustainability, emphasizes eco-friendly construction practices and the use of green building materials. Think joint research initiatives and knowledgesharing, all geared towards achieving climate goals and responsible resource consumption. “Imagine this,” Dr. Shah enthuses, “over 5,000 skilled Chinese engineers and workers collaborating with their Pakistani counterparts on CPEC projects. That’s a powerful blend of experience and local knowledge!”
However, the road ahead isn’t without its bumps. The construction industry recently grappled with a 5.5% contraction, thanks to a cocktail of rising input costs, expensive borrowing, and sluggish development spending, as highlighted in the SBP Annual Report 2023. But this partnership with China presents a unique opportunity to overcome these challenges and propel the real estate sector towards sustainable growth. By embracing Chinese expertise and best practices, Pakistan can build not just structures, but a brighter future for its infrastructure and environment.
‘More than ample resources’ provided for ‘free, peaceful’ elections: Solangi Staff RepoRt
No decision yet on election day mobile, internet shutdown, says official g
Lahore, and Peshawar, as well as the State Department’s Consular Affairs in Washington.
judgments from the High Court were not enclosed with the application. The public prosecutor further pointed out the lack of information regarding granted or rejected bail decisions and the omission of crucial details involving former Deputy Speaker Wasiq Qayyum Abbasi, Sadaqat Abbasi, and Col Ajmal Saber becoming sworn witnesses. It’s worth noting that due to a holiday in the High Court and subordinate courts on February 5, obtaining copies becomes impossible. With only one day left before the election on February 6, the opportunity to apply for certified copies remains thin.
Interim Minister for Information and Broadcasting Murtaza Solangi said on Saturday that ‘more than ample resources’ have been provided to the Election Commission of Pakistan (ECP) for holding general elections on February 8. Addressing a presser here on Saturday, the caretaker minister assured that the nation is all set to have ‘free, fair and transparent elections’ and the caretaker setup has remained firm in holding polls as per schedule announced by the Election Commission of Pakistan (ECP). Given the sudden upsurge in violence over the past couple of weeks, the caretaker minister said the government had made foolproof security arrangements for voters on polling day. Solangi stated that the main responsibility of providing security would rest with the police as the first tier. The paramilitary forces will assist as the second tier and the armed forces will act as the quick reaction force in the third tier respectively. He further said the electoral watchdog has issued various deadlines for the voting process, including for the final stage of the elections and the transmission of results. The ECP, as per rules, informed all political parties and independent candidates in the election fray that their canvassing campaign must end 48 hours before the voting day, which would be midnight between Feb 6 and 7.
PTI-backed candidate Arshad Manda arrested SHEIKHUPURA Staff RepoRt
Arshad Mahmood Manda, a candidate backed by Pakistan Tehreek-e-Insaf (PTI), was apprehended by the Anti-Corruption Department from National Assembly Constituency NA-114 Sheikhupura. The arrest occurred in Sharqpur, where Manda was enroute to a corner meeting during his election campaign. Authorities from the anticorruption department cited the arrest as part of a case related to the accumulation of assets exceeding Manda’s declared income. In response, Asghar Mehmood Manda, speaking on behalf of his brother Arshad Manda in a video statement, claimed the arrest was politically motivated, orchestrated by opponents in the constituency. It’s noteworthy that this incident follows a series of arrests targeting leaders and workers of Pakistan Tehreek-e-Insaf. Former Punjab provincial minister Khyal Castro was arrested by the police in Faisalabad. Castro, previously elected on a PTI ticket in 2018, faced charges related to the May 9 incident, including abuse of power, corruption, and involvement in contract scams. Anti-corruption had previously issued summon notices to Castro as investigations were underway against him. Khyal Castro, who had served as the Provincial Minister of Information and Culture in Punjab after the 2018 elections, faced a case registered against him following the May 9 incident.
Powers to withdraw electoral symbols from parties rest with ECP, LHC rules LAHORE
Staff RepoRt
The Lahore High Court on Saturday ruled that the right to withdraw electoral symbols from political parties rested with the Election Commission, declaring Section 215 of the Election Act, 2017 as consistent with the Constitution. LHC’s Justice Shahid Bilal Hasan issued in written decision while dismissing a petition challenging the ECP’s authority to withdraw electoral symbols. The court ruled that Section 215 of the Election Act 2017, was consistent with the Constitution, which vested the powers in the ECP. The 18-page judgment highlighted that Section 215 aligns with various constitutional articles, including Articles 17, 9, and 14, and was incorporated in the Election Act 2017 to empower the Election Commission.
The Lahore High Court emphasized that political parties must adhere to the Constitution and the Election Act. The legal provisions governing intra-party elections are specified in Section 209 and 210 of the Election Act, 2017. The petitioner, citing the constitutionality concern, sought the repeal of Section 215 of the Election Act, 2017. The court declared in the verdict that according to petitioner ECP’s power to snatch election symbol was in contravention with the Constitution. The petitioner prayed to the court to declare Section 215 of the election act as null and void. It’s noteworthy that the application challenging the Election Commission’s authority to withdraw electoral symbols from political parties was filed in the Lahore High Court by citizen Mian Shabbir Ismail.
Sunday, 4 February, 2024 | LAHORE
POWER DIVISION PLANS TO SLASH DOMESTIC SUBSIDIES BY 25% TO ALIGN WITH IMF GOALS
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Move aims at fostering economic growth,securing IMF approval PROFIT
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N a shift from previous promises to lower electricity costs the Power Division plans to cut subsidies for domestic consumers by 25%, as approved by the Special Investment Facilitation Council (SIFC), as reported by
The News. This move is aimed at fostering economic growth and securing the International Monetary Fund’s (IMF) approval. The new tariff scheme will see a reduction in subsidies for households using less than 400 units of electricity from Rs592 billion to Rs431 billion. It
also eliminates Rs39.30 billion in agricultural subsidies, aligning tariffs more closely with service costs. Additionally, the plan withdraws Rs222 billion in cross-subsidies for low-usage consumers, introducing fixed charges ranging from Rs50 to Rs450 monthly for those consuming up to 200 units. Consumers using over 100 units will face
higher fixed charges, but their monthly bill increase is capped at Rs1,000. The government aims to encourage energy efficiency by imposing higher charges on high-consumption users and offering lower tariffs for those on three-phase ToU meters. Industrial and commercial consumers will see adjustments in their fixed and variable tariffs, aimed at reducing the cross-subsidy burden and enhancing competitiveness. This overhaul of the electricity tariff
President upholds dismissal from service penalty for woman harasser ISLAMABAD
Staff CoRReSponDent
President Dr Arif Alvi on Saturday upheld the penalty of “dismissal from service” imposed upon a bank manager after he was found guilty of the charges of sexually harassing a female colleague at workplace. He rejected the representation filed by Muhammad Munir Akhtar (the accused), a former employee of the Askari Bank Ltd (ABL), against the decision of the Federal Ombudsman for Protection against Harassment of Women at Workplace (FOSPAH). Dr Arif Alvi said that the incidents narrated in the complaint against the accused, when juxtaposed with the evidence, established the guilt of the accused for the charges of harassment, the President Secretariat Press Wing said in a press release on Saturday. In his decision, he observed that the accused had duly admitted the allegations about calls, text messages, and denial to hand over her ATM card to the
NFL launches first National Foodpreneur Program to empower aspiring chefs KARACHI
Staff RepoRt
National Foods Ltd. has launched the National Foodpreneur Program, the first of its kind, to empower individuals to become successful entrepreneurs in the food industry or secure employment in the culinary field. The program was launched in collaboration with MasterClass Pakistan and the official launch was held at the MasterClass facility in Karachi. The launch event was attended by the first cohort of 21 students of the program, the project team, and the esteemed leadership of National Foods. The National Foodpreneur Program will provide a well-rounded education, training, and certification as participants will undergo a comprehensive 6month culinary curriculum, optional internships, and training in food preparation, marketing, health and safety, and finance. “Empowering dreams is at the heart of our mission. The National Foodpreneur Program is not just about culinary education; it's about giving individuals the tools to turn their passion into a life changing experience,” said Chairman NFL Zahid Majeed on the occasion.He added that this transformative program has been designed to empower individuals who are passionate about culinary arts and want to excel in the food industry. It is pertinent to mention here that the National Foodpreneur Program will continue with classes commencing in February 2024.
complainant deliberately. President Alvi said that the accused had admitted that called and sent messages to the complainant and did not give her ATM card due to the reasons best known to him despite the fact that he was required to hand it over to the complainant. “Facts admitted need not be proved”, he added. As per details, a female employee of ABL (the complainant) had filed a harassment complaint under section 8 of the Protection against Harassment of Women at the Workplace Act 2010 against the accused within the departmental hierarchy of ABL stating that she was harassed by the branch staff of the ABL, Hassanabdal. According to her, the accused Muhammad Munir Akhtar, Bank Manager along with his friend had made it difficult for her to work in the branch by creating an offensive workplace environment. She alleged that the accused had forced her to go with his friend and after she was transferred to another branch, when she went to collect her card from the Hassanabdal branch, she was verbally abused by the
accused and he refused to hand over her ATM card. The Departmental Harassment Committee probed intoher allegations and, after inquiry, concluded that the accused was involved in harassment and was accordingly dismissed from service. The accused filed an appeal with FOSPAH, which was dismissed, after which, he filed a representation with the president. President Alvi wrote that workplace harassment could have very serious consequences for the women who experience it as a harassed woman risked losing her job or the chance for a promotion, if she refused to give in to the unethical demands of someone in authority. “The unwelcome conduct of coworkers makes the working conditions hostile and unpleasant, putting indirect pressure on her to leave the job”, he added. He remarked that sometimes a woman employee was so traumatized by the harassment that she suffered serious emotional and physical consequences and became unable to perform her job properly.
‘Third in five days’: PTI founder, wife sentenced to 7 years in prison in Iddat case CONTINUED FROM PAGE 01
Maneka also spoke to reporters, revealing the impact on his family, stating that one daughter faced divorce, and one son entered a rehabilitation centre due to the alleged affair. Bushra Bibi, speaking for the first time in Adiala Jail, portrayed herself as a victim of a plot to humiliate her. She vowed not to succumb to pressure, labelled the accusations as an attempt to weaken Imran and the PTI, and emphasised her determination to stand firm. ‘SHAMEFUL CASE’ Addressing the media after the announcement of the verdict, PTI chairman Barrister Gohar Khan declared the trial a shameful one considering the very private nature of the allegations. The party leader sarcastically stated that the verdict was in line with what was being expected. He said the party will approach the high court against the judgment in the case. The PTI chairman maintained that none of the recent verdicts against Imran will hold up in front of tribunals. “I said to the judge that this was not expected of you,” Gohar stated, adding that the judiciary was being used for political purposes. Addressing party supporters through the media, Gohar said that Imran has again urged his supporters to remain calm and peaceful. “I will not make any deal, even if I have to stay in prison for a thousand years. Show your support on February 8 and come out and vote,” Gohar quoted the PTI founder. CYPHER CASE On January 30, a special court established under the
NEWS
Official Secrets Act awarded former prime minister Imran Khan and former foreign minister Shah Mahmood Qureshi 10-year imprisonment in the high-profile cypher case. The court, presided by Judge Abul Hasanat Zulqarnain, announced the verdict during the hearing held within the premises of Rawalpindi’s Adiala jail. Before sentencing Imran, the judge asked the former premier one last time where the cypher was. “I have mentioned in my statement that the Prime Minister House’s security was not my responsibility. I don’t have the cypher,” he stated. The judge also provided the two PTI leaders with copies of the statement and the questionnaire under Section 342 and both accused were asked to record their replies in the questionnaire. After Imran and Qureshi recorded their statements under Section 342, the court announced its verdict. TOSHAKHANA VERDICT A day after his conviction in the diplomatic cypher case, Imran was dealt another blow on January 31 as an accountability court judge found him and his spouse, Bushra Bibi, guilty of misusing states’ gift repository and sentenced them to 14 years in prison. The court also slapped a fine of Rs787 million each on the accused individuals in what is being described as the most swiftly concluded trial in accountability courts’ history. In the reference filed last month—on December 19, the National Accountability Bureau (NAB) had accused the former PM and his wife of retaining precious gifts received during Imran’s terms as the country’s chief executive in violation of the prescribed protocol.
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system is intended to stimulate economic activity and align with fiscal responsibility goals, despite concerns over the move away from earlier commitments to reduce electricity costs.”
Sindh plans modern export zone on Steel Mills land amid concerns PROFIT
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The Sindh caretaker government has proposed the creation of a modern export processing zone on Pakistan Steel Mills (PSM) land, seeking to boost exports through the Special Investment Facilitation Council (SIFC). This initiative aims to repurpose over 10,000 acres of the currently reserved PSM land, a move away from privatization and towards rehabilitation of the facility. However, this plan has faced opposition from the PSM Corporation Stakeholders Group, which has appealed to interim Prime Minister Anwaarul Haq Kakar for a review. The group warns that the project could have detrimental financial impacts on PSM, suggesting the zone could be located elsewhere without affecting the mill’s potential revival. They emphasize that PSM’s revival is crucial for providing competitive raw materials to the engineering and construction sectors, pointing to significant daily losses and the lack of a professional board of directors as critical issues. The proposal follows a meeting between key officials, including the caretaker Sindh Chief Minister Justice (retd) Maqbool Baqar and interim Federal Minister for Industries and Commerce Dr. Gohar Ejaz, indicating high-level support for the project. Despite this, the Stakeholders Group’s concerns highlight a tension between new industrial initiatives and the preservation of existing industries, underscored by a
Pakistan signs deal with US firm for joint venture of PIA-owned Roosevelt Hotel PROFIT
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The Roosevelt Hotel, a historic property in New York City owned by PIA Investment Limited, will be developed by a US consortium in a joint venture with Pakistan. The agreement was signed on Friday at the Privatisation Commission (PC) as part of the privatisation program of the loss-making Pakistan International Airlines (PIA). Dawn reported that the financial advisory services agreement was signed with the consortium led by Jones Lang LaSalle Americas Inc (JLL), a global real estate services firm. The consortium will help the PC find the best possible partners and maximise the value of the Roosevelt Hotel, which is located in the heart of Manhattan. Minister for Privatisation Fawad Hasan Fawad said that the government aims to transform the landmark site into an iconic structure with modern development features and standards. He said that the PC board had approved the appointment of the financial adviser in December and that a negotiating committee had finalised the agreement with the topranked bidder. The Roosevelt Hotel is one of the two remaining real estate transactions in the privatisation programme of the government.
Local cement despatches drop by 17% in Jan g
Export despatches show a contrasting trend, witnessing a rise of 6.82% PROFIT
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Local cement despatches dropped by 17.30% to 2.967 million tonnes from 3.588 million tonnes, while export despatches showed a contrasting trend, witnessing a rise of 6.82%, climbing from 4.1 million tonnes to 4.46 million tonnes in January 2024, as revealed by data from the All Pakistan Cement Manufacturers Association (APCMA). The figures indicate a concerning trend for the
industry, with a significant total dip of 14.79% compared to the same period in FY23. Geographically, both North and South-based cement mills experienced declines in despatches. North-based mills dispatched 2.434 MT, marking a 15.83% reduction from 2.892 MT in January 2023. Similarly, South-based mills saw a decrease of 12.08%, with despatches falling to 979,970 tonnes from 1.115 MT in January 2023. In the domestic market, North-based mills contributed 2.385 MT of cement in January 2024,
down by 16.50% from 2.856 MT in January 2023. South-based mills supplied 582,258 tonnes to local markets, a decrease of 20.43% compared to January 2023. Looking at the broader picture, during the first seven months (July-January) of FY24, total cement despatches, including domestic and exports, increased by 5.92% to 27.296 MT from 25.770 MT in the corresponding period last fiscal year. However, domestic despatches during this period decreased by 1.79% to 23.196 MT, while export despatches surged by 90.49% to reach 4.1 MT. APCMA’s spokesperson expressed concerns regarding the new axle load regime, which has led to operational inefficiencies and increased transportation costs for the cement industry.
Pakistan’s stock market witnesses lackluster week g
Trading volumes dropped by 25% and benchmark KSE-100 Index lost 1.27% of its value, report PROFIT
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Pakistan’s stock market witnessed a lackluster week as trading volumes dropped by 25% and the benchmark KSE-100 Index lost 1.27% of its value. According to a note by AKD Research, average trading volumes remained down by 24.7% week-onweek, clocking in at 312.8 million shares, compared to 415.8 million shares traded in the past week. The market was mainly influenced by news events in the energy sector, such as the hike in fuel prices and the conflict in the Middle East. + The inflation rate for January came in at 28.34%, slightly lower than AKD
Research’s forecast of 28.63%, but still very high compared to the regional and global averages. The inflation was driven by the increase in energy and food prices, which offset the impact of the appreciation of the Pakistani rupee against the US dollar. The rupee ended the week at Rs 279.41 against the US dollar, up 0.07% from the previous week. The country’s foreign exchange reserves declined by $55 million to $8.22 billion, as Pakistan requested China for a $2 billion debt rollover to ease its external financing pressures. The International Monetary Fund (IMF) also lowered its GDP growth projection for Pakistan to 2% for the current fiscal year, citing the challenges of inflation and fiscal consolidation.
The Karachi interbank offered rate (Kibor) increased to 22%, reflecting the tight liquidity conditions in the banking system. Among the sectors, exchange traded funds and transport were the top performers, gaining 5.7% and 3.2% respectively, while automobile parts & accessories, chemical and oil marketing companies were the worst performers, losing 7.4%, 6.9% and 5% respectively. The major net sellers in the market were foreigners, who offloaded $9.7 million worth of shares, while the major net buyers were insurance companies, who purchased $7.0 million worth of shares. The top performing companies in the KSE-100 Index were Millat Tractors, Oil and Gas Development Company,
Unity Foods, MCB Bank and Askari Bank, while the top losing companies were Younus Brothers, Pakistan Tobacco Company, Colgate-Palmolive, KElectric and Punjab Oil Mills. The brokerage firm forecasted that the next week is uncertain, as the market will be overshadowed by the upcoming elections, which are expected to reduce the participation and activity of the investors. However, after the elections, the market may regain some momentum, especially if the government manages to implement the circular debt settlement plan and the industrial tariff rationalisation plan, which are pending the approval of the IMF. AKD Research maintained a bullish outlook on the banks, exploration and production, and oil marketing companies, as they offer potential for earnings growth and attractive dividend yields.
Accountability Court allows Dr Asim to travel abroad KARACHI
Staff RepoRt
Accountability Court Karachi, hearing Rs17 billion corruption case, on Saturday allowed Dr Asim Hussain to travel abroad for medical treatment. The court considered the applications regarding Dr Asim’s overseas travel and the possibility of sending the corruption reference back to the National Accountability Bureau (NAB). Advocate Owais Jamal, representing Dr Asim Hussain, argued that his client should be allowed to go abroad for medical treatment. The court, after deliberation, reserved its decision on the request to return the corruption reference to NAB, with a pronouncement scheduled for February 15. Meanwhile, the court has granted Dr Asim permission to travel abroad. Dr Asim had sought permission to go abroad from February 15 to March 30. In the case, the National Accountability Bureau (NAB) alleges that the accused, including Dr Asim, were involved in causing a loss of Rs17 billion to the national exchequer through gas contracts. CORRUPTION CHARGES An accountability court in 2017 had indicted Dr Asim Hussain, ex-petroleum secretary Ejaz Chaudhry and others in an over Rs 460 billion corruption reference. Dr Hussain was taken into custody on August 26, 2015, by Rangers on different corruption charges. After 19 months, his bail plea was referred to a referee judge for final orders. The referee judge, Justice Aftab Ahmed Gorar, granted bail to the accused earlier this year. Dr Asim Hussain faced charges of misusing his authority for getting plots allotted fraudulently and encroaching upon state land for expansion of Dr Ziauddin Hospital/Trust, money laundering, illegal gains, kickbacks, commission through fertiliser cartel for illegal curtailment of gas for exploitative price hike and defrauding people in the name of charity hospital.
04 COMMENT
Powering the Green SME Revolution
Sunday, 4 February, 2024
Damning NEPRA report
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The 2023 State of Industry report shows how IMF-dictated policies are not working
A crucial aspect of Green Finance
F the government had any doubts about the policies, especially using electricity tariffs to raise revenues, that the IMF sets such great store by, the 2023 State of Industry Report by the National Electricity and Power Regulatory Authority, makes for salutary and corrective reading. It has also asked the government to end cross-subsidies within the tariff, as well as the practice of revenue-based loadshedding. The latter, the report points out, penalizes the honest consumers in that area for no fault of theirs.. It does seems a return to colonial-era collective punishment, at a time when it was been ended by the abolition of the Frontier Crimes Regulations after the merger of the Federally Administered Tribal Areas into KP. Perhaps most significant has been the finding that the tariff included supplementary elements like taxes, duties, fees and surcharges which substantially inflated the amount due, even though these were not integral to the core electricity charges. The federal government seems to have been caught out in a bit of laziness, for after some tentative steps, with electricity bills as well as with deducting income taxes on the basis of consumption, the floodgates seem to have opened, with electricity bills, which have to be paid, being seen as a convenient way of forcing consumers to shell out taxes. The IMF revenue targets have to be met, and this is the mechanism being used. Perhaps the most interesting idea to come from the report is that of further breaking down the distribution supply companies, or DISCOs. At present there are 12 DISCOs in the WAPDA system, but only one, K-Electric, has been privatized. The others are up for sale, but seem to be getting no takers. The NEPRA Report seems to suggest breaking up these DISCOs even further, and to allow them to have separate tariffs. At present, there is a tariff differential subsidy within the tariff, because the government insists on having one tariff for all DISCOs. Ending this would not only mean that inefficient companies would no longer be subsidized by the efficient, but the path of privatization would be reopened. The report has come too soon before the February 9 election to let the caretakers take any action on it, but the incoming government should use it as a reference point for future action in an area where the proverbial ‘masterly inactivity’ simply will not do.
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Dr. SyeD ASim Ali BukhAri
business model from the start. In comparison, the Reborn=Green SMEs are the ones that successfully adapt their traditional business model and production techniques by utilizing modern technologies to produce environmentally neutral or environmentally friendly goods and services for the domestic and international markets. The categorization of the country’s SME sector on this basis is critical since it will determine their type of green and sustainable financing requirements. Banks may foster the development of a green and sustainable SME sector by providing financing for startups that are Born Green SMEs like The Bank of Punjab’s (BOP) Punjab Rozgar Scheme, Prime Minister’s Youth Loan Scheme, and Apni Dukan. Similarly, customized green and sustainable financing schemes like The Bank of Punjab’s e-Business Qarza, Shamsi Tawanai, Refinance Scheme for Modernization of SMEs, Refinance Scheme for Special Persons, Refinance Scheme for Women Entrepreneurs, E-vehicle financing, and financing for conversion of traditional brick kilns to zig-zag technology, may be developed to facilitate the Reborn-Green SME sector. Due to the integration of ESG ideology in its SME financing, The BOP is playing an important role in powering Pakistan’s Green SME revolution and has been given Pakistan’s Best Bank for SME 2023 award by AsiaMoney. In Pakistan, the majority of the SMEs’ activities do not align with environmental protection goals and
S the age-old proverb goes “A chain is as to survive in the new business paradigm and Green strong as its weakest link” and the Small Banking is a major part of this revolution. The SME and Medium Enterprises (SMEs) in Paksector needs to integrate carbon footprint calculations istan are playing the role of a weak link in in line with the national and international environthe country’s Just Green Transition. Acmental standards. The digitalization of SMEs is an cording to the statistics, Pakistan hosts approximately important step in making them environmentally sus4.5 million SMEs, accounting for approximately 90 tainable. percent of all businesses. This SME sector conPakistan's SME sector can boost the country’s tributes almost 40 percent of Pakistan's GDP and emeconomy if it is nurtured through effective policy, fiploys about 80 percent of the non-agricultural nancial, technical, and technological support, educaworkforce in Pakistan. You may be thinking that tion and skills development, capacity-building, these statistics do not depict a weak link but unfortuadoption and conversion to environmentally friendly nately, when it comes to the Just Green Transition of technology, integration of artificial intelligence-based Pakistan’s economy the SME sector is a major factor value chain solutions, access to green and sustainable holding back this green revolution. It must be underfinancing, access to information and stood that the green economic equathe creation of synergistic public-prition cannot be created without the vate partnerships. existence of an environmentally and A need exists to strengthen edusocially sustainable SME sector. Instead of being a weak link, Pakistan’s SME sector holds cation and training to equip SMEs The Just Green Transition of any the potential to positively transform the country’s economy. with the skills required to promote economic sector cannot be achieved sustainable production models and without the banking sector's support SMEs embody innovation and agility, making them strategic business practices, including in the in the form of green and sustainable context of capacity building for interinvestments in the ever-evolving market. The financing. Unfortunately, in Pakistan national trade and investment. The despite the unquestionable signifientrepreneurial spirit and adaptability of the SME sector strive for sustainable development, cance of the SME sector, only a coupled with the digitization process, make them the perfect candidate for green transformation. small fraction of such businesses has can foster a new generation of SMEs access to formal financial services. So, whether it is the Born-Green or the Reborn-Green SMEs, equipped with effectively handling A report reveals that the SME sector is time that the government, financial market, and the SME the various challenges associated with it in Pakistan faces a credit gap of apclimate change. proximately $5 billion, negatively sector join hands in a strategic and synergistic partnership Instead of being a weak link, Pakaffecting their sustainable growth istan’s SME sector holds the potential and lead Pakistan into the Just Green Horizons prospects. According to a report, to positively transform the country’s commercial banks' SME lending, economy. SMEs embody innovation during 2023, met only 13 percent-16 and agility, making them strategic inpercent of the potential demand, vestments in the ever-evolving marleaving behind a significant gap. In Pakistan, the majority of the MSMEs are facing financial, institu- sustainable development, as the estimation results re- ket. The entrepreneurial spirit and adaptability of the tional, and structural shortcomings. Green and vealed their significant contributions to CO2 emis- SME sector make them the perfect candidate for Sustainable financing under the umbrella of Green sions. The SME sector in Pakistan is not prepared green transformation. So, whether it is the BornBanking is required to power the Green SME revo- for the carbon tax policies and carbon-neutral busi- Green or the Reborn-Green SMEs, it is time that the lution in Pakistan. Banks can finance the creation or ness world. As per the Carbon Border Adjustment government, financial market, and the SME sector the restructuring of SMEs under the ESG (Environ- Mechanism (CBAM), the new set of trade rules will join hands in a strategic and synergistic partnership impose carbon fees on all imports into the European and lead Pakistan into the Just Green Horizons. mental, Social, and Governance) ideology. In the current times, a country’s economy is a Union from non-member countries. This means that greenhouse gas emissions will The writer has a PhD in Green Banking and is blend of Born Green and Re-Born Green SMEs. The Born-Green SMEs are the businesses that invest and act as a major trade barrier for unsustainable busi- working as SVP / Head - ESG in The Bank of Punjab, trade in green products and services and integrate nesses. Immediate action is required for the Just Pakistan. He can be reacheded at aasimalESG and responsible business conduct into their core Green transition of Pakistan’s SME sector if it wants ibukhari@gmail.com.
Dedicated to the legacy of late Hameed Nizami
Arif Nizami (Late) Founding Editor
Yousaf Nizami Editor Umar Aziz M. A. Niazi
Kashmir under the heel of India's settler colonialism Joint Editor
Executive Editor
Tomorrow is Kashmir Solidarity Day
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AhmAD Ali
O amount of agony and suffering can compare to the misery of living under foreign occupation. It is inhumane, brutal, unjustifiable, and illegal under all international law and moral standards. A large number of laws ban the illegal occupation of a region. However, "Jammu and Kashmir," an area with a population of more than 10 million, has been brutally occupied by India for the past 75 years. It is the region where generations have witnessed darkness, tyranny, persecution, and state terrorism. During this inhumane occupation, Indian forces have killed over 100,000 Kashmiris, kidnapped and wounded thousands of young people, and raped women. Arbitrary detentions, bogus cordon and search operations, congregational bans, social media restrictions, and brutal physical torture, including the indiscriminate use of pellet guns, have become the standard in Kashmir. In today's modern world of liberty and freedom, "Occupied Jammu and Kashmir" is a "human rights black hole" in which Kashmiris live a life of anguish and sorrow. And all of this is being done by India for one diabolical goal: to perpetuate its unlawful occupation of the territory by depriving Kashmiris of their fundamental right to self-determination, which was granted to them by the United Nations Security Council in many resolutions. This epic tragedy in picturesque Jammu and Kashmir began in 1947. According to the partition formula, the Muslim-majority, geographically contiguous areas had to create an independent entity called Pakistan. However, the Hindu ruler of Jammu and Kashmir colluded with India against the wishes of the region's Muslim majority. In October 1947, India deployed its occupation forces, ushering in a long and terrible chapter of illegal occupation. While taking the topic to the United Nations, India's First Prime Minister Jawaharlal Nehru stated, "We have declared that the fate of Kashmir is ultimately to be decided by the people." We made this vow not only to the people
of Kashmir, but to the entire world. We will not and cannot back out of this." Following protracted talks on the subject, the United Nations Security Council issued multiple resolutions calling for a UN-supervised plebiscite in the disputed region to resolve the conflict in accordance with the wishes of the Kashmiri people. However, knowing that the people's will was against it, India violated its pledges to the Kashmiris and the world community. Since then, India has used every possible method to prolong its illegal control of the territory. The most outrageous step in the systematic oppression of Kashmiris occurred four years ago, on 5 August 2019, when India sent additional hundreds of thousands of troops to Jammu and Kashmir following its unilateral and illegal attempt to change the disputed status of the occupied territory. The illegal activities of New Delhi were followed by an unprecedented military siege and increased harsh restrictions on Kashmiri people's fundamental rights and freedoms, such as the closure of communication routes, extrajudicial killings of Kashmiris, and the imprisonment of their leaders. The Indian apparatus attempted to change the demographic character of the territory by putting non-Muslim outsiders in the occupied zone, converting the existing Muslim majority into a minority in their own country. India has now implemented
Conversely, animosity against minorities and their human rights violations, especially those of Muslims, are intensifying under the Hindutva-inspired RSS-BJP government in India. The xenophobic and extreme policies of New Delhi are not only hurting the Muslims of Occupied Jammu and Kashmir, but they are also making life miserable for other minorities across India. The guardians of international law should take quick action in response to the worsening human rights and humanitarian conditions in India's Jammu and Kashmir. Understanding the journey India, a nation of more than 1.4 billion people, has embarked on, one can conclude that challenging times awaits for the region and the world ahead. One strange thing is certain about extremism and hatred that one can turn the tap on but it is not in one’s control to turn it off, while generations to come pay the price through their blood. Policies of hatred, racial superiority and violence through non state actors, like the proverbial Frankenstein monster, invariably outgrow their creators, often turning on them: it happened in turkey with President Erdogan and the Gulenists, it happened with US and Afghan Mujahideen who later morphed into Taliban, and it happened with the Wagner group in Russia. In the current times of political and economic turmoil in the world today. As a step toward an international order founded on norms and fairness, it is crucial that the long-standing issues be settled in this period of unprecedented volatility by fair and peaceful means. According to Rousseau, "Man is born free but everywhere he is in chains," meaning that a free person must continue to be free throughout their life. Living under foreign rule is living in constant fear, which is the antithesis to human advancement. India, the region, and the world at large would all benefit from India realizing this sooner rather than later.
Living under foreign rule is living in constant fear, which is the antithesis to human advancement. India, the region, and the world at large would all benefit from India realizing this sooner rather than later a number of policies aimed at depriving Kashmiris of their culture, language, religion, and values. These horrible acts by India are blatantly against the United Nations Charter, many resolutions of the Security Council including UNSC 38, 47, 51, 91 and 122. More, these actions violated international law —especially the Fourth Geneva Convention, humanitarian standards, and morality. Most importantly, Indian actions were in violation of the 1972 Simla Agreement between Pakistan and India. Kashmiris across the world have categorically rejected all of India's actions undertaken in the guise of normalcy. The predicament of the Kashmiris under Indian unlawful occupation has been extensively documented by international organizations, the media, parliaments, civil societies, and world leaders in their in-depth reports, essays, and speeches. Humanitarian groups have warned of genocide against Kashmiris, but Occupied Kashmir remains a site of ongoing Indian atrocities.
Lahore – Ph: 042-36300938, 042-36375965
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Karachi – Ph: 021-35381208-9
The writer is a research fellow at Epis Think-tank Germany and an intern at Kashmir institute of International relations, and can be reached at Ali7664556@gmail.com
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Islamabad – Ph: 051-2204545
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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
Turbat cares
CIVIL Hospital Turbat, the only governmental hospital in the city, plays a vital role in providing healthcare services to the residents of Turbat, the second-largest city in Balochistan. However, recent reports shed light on several concerning issues plaguing the hospital, hindering its ability to deliver quality care. One pressing issue that the hospital faces is the scarcity of ambulances. In emergency situations, the availability of a well-equipped ambulance can mean the difference between life and death. The limited number of ambulances in Turbat poses a significant challenge, potentially delaying critical medical care for patients in need. Addressing this shortage should be a priority to enhance the hospital’s emergency response capabilities. Another concerning problem is the frequent absence of doctors at Civil Hospital Turbat. Access to qualified medical professionals is crucial for effective healthcare delivery. When doctors are absent, patients may face delays in receiving timely treatment or consultations. This issue not only affects the overall quality of care but also erodes trust in the hospital. Measures should be taken to ensure a consistent presence of doctors, improving the accessibility and reliability of medical services. The subpar condition of facilities at Civil Hospital Turbat is an alarming concern. Patients deserve a comfortable and safe environment during their stay at the hospital. Insufficient beds and chairs not only affect patient comfort but can also hinder the hospital’s capacity to accommodate those in need. It is imperative to invest in upgrading the infrastructure and amenities of the hospital to create a conducive healing environment for patients. To address these challenges, it is crucial for the local government and relevant authorities to take immediate action. Increasing the number of ambulances, implementing strategies to ensure doctors’ presence, and improving facilities should be key priorities. Additionally, transparency and accountability in the management of the hospital are essential to ensure efficient and effective operations. In raising awareness about the issues faced by Civil Hospital Turbat, community involvement plays a vital role. By sharing personal experiences, concerns, and suggestions, individuals can contribute to the dialogue surrounding healthcare improvements. Engaging with local authorities, organising awareness campaigns, and seeking collaboration can foster positive change. The challenges at Civil Hospital Turbat are undeniable, but not insurmountable. By raising our voices, pushing for increased funding, and advocating for streamlined processes, we can make a real difference. SASSI NASIR ALI TURBAT
Psych wellness
THE event, recently held at the Psychology Department of Bahria University, was a testament to the department’s commitment to fostering a culture of mental well-being among students. The main objective was to raise awareness about mental health, and it successfully achieved this goal by engaging students from various disciplines across the university. One notable aspect of the event was the inclusion of different stalls, each dedicated to shedding light on various facets of positive psychology and play therapy. Final-year students played a pivotal role in orchestrating these stalls, offering valuable insights and practical information to their peers. It was heartening to witness students from all corners of the university actively participating in the event. The diverse turnout underscores the universal relevance and importance of mental health issues, transcending academic boundaries. In an era where mental health is increasingly recognized as a vital component of overall well-being, initiatives like these play a pivotal role in breaking down stigmas and fostering open conversations. The Karachi Campus deserves commendation for taking proactive steps in this direction. I believe that highlighting such positive initiatives in your esteemed publication will not only acknowledge the efforts of the Psychology Department but also contribute to a broader dialogue on mental health in our community. MUHAMMAD ABUBAKAR LAHORE
Web: www.pakistantoday.com.pk
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Email: editorial@pakistantoday.com.pk
COMMENT 05
Sunday, 4 February, 2024
E-Pollution and Modernity: Challenges Ahead Why wait until the problem is uncontrollable to implement solutions?
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at risk of exposure to harmful chemicals. This can lead to serious health problems, including respiratory issues, neurological damage, and even cancer. e. Global Issue: pollution is a global concern because e-waste generated in one country is often shipped to another, particularly from developed to less developed nations. This transfer of e-waste poses environmental and health risks in countries that may not have the infrastructure to manage it safely. f. Recycling and Management: Proper recycling and disposal of electronic waste are crucial in managing e-pollution. This includes professional recycling facilities that can safely extract valuable materials and dispose of hazardous substances. Although, many countries have implemented laws and policies to manage e-waste and reduce e-pollution which include regulations on the production, disposal, and recycling of electronics. E-pollution is a complex issue that requires a multi-faceted approach, involving governments, corporations, and individuals to effectively address the environmental and health challenges it presents. The causes of e-pollution are multifaceted, involving various aspects of the production, use, and disposal of electronic
Dr rAjkumAr Singh
-POLLUTION, also known as electronic pollution or e-waste pollution, is the environmental impact caused by discarded electronic devices and their components. As technology continues to advance rapidly, the lifespan of electronic devices like smartphones, computers, televisions, and other gadgets has become shorter, leading to a significant increase in electronic waste. Key aspects include: a. Sources of EPollution: E-pollution primarily comes from e-waste, which includes any discarded products with a battery or plug. Common sources are computers, televisions, mobile phones, and household appliances. b. Hazardous Components: Many electronic devices contain harmful substances like lead, mercury, cadmium, brominated flame retardants, and other toxic materials. When improperly disposed of, these substances can leach into the soil and water, posing health risks to humans and wildlife c. Environmental Impact: The improper disposal and breakdown of electronic waste can lead to soil and water pollution. This can adversely affect plant and animal life and can contaminate food sources, leading to health issues in humans. d. Human Health Risks: People involved in informal e-waste recycling, often in developing countries, are
devices increases. This rise in consumption directly contributes to more electronic waste once these devices are discarded. c. Lack of Recycling Infrastructure: In many regions, there is insufficient infrastructure for proper recycling of e-waste. This leads to improper disposal methods, like landfilling or incineration, which can cause environmental contamination. d. Inadequate E-Waste Management Policies: Not all countries have robust regulations or policies for the disposal and recycling of e-waste. This lack of regulation often leads to e-waste being dumped in landfills or illegally exported to countries with lax environmental standards. e. Informal Recycling Practices: In some regions, especially in developing countries, e-waste is often recycled informally. These practices typically do not adhere to safety standards, leading to environmental contamination and health hazards for workers. f. Use of Hazardous Materials in Electronics: Electronic devices often contain toxic substances like lead, mercury, and cadmium. When these devices are not disposed of properly, these hazardous materials can leach into the environment. g. Lack of Public Awareness: A significant portion of the population is not fully aware of the impact of e-waste and the importance of proper disposal methods. This lack of awareness contributes to improper disposal practices. h. Design for Obsolescence: Some electronics are designed with a limited lifespan, a practice known as planned obsolescence. This approach encourages more frequent replacement of devices, contributing to more e-waste. i. Global Trade in E-Waste: The international movement of e-waste, often from developed to developing countries, exacerbates the problem. These countries may lack the capacity to handle this waste responsibly, leading to environmental and health issues. j. Corporate Practices: Some manufacturers prioritize cost over sustainability, using materials and designs that are not environmen-
By implementing the right strategies, we can significantly reduce the impact of e-pollution on the environment and human health devices. There are several primary causes of e-pollution which include: a. Rapid Obsolescence of Electronics: The fast pace of technological advancement leads to frequent updates and upgrades in electronic devices. Consumers often replace their gadgets with newer models, leading to a shorter lifespan for electronic products and generating more waste. b. Increasing Consumption of Electronics: As technology becomes more integral to daily life, the demand for electronic
tally friendly or easily recyclable. This approach can lead to increased e-pollution. Addressing these causes requires a comprehensive approach that includes improving recycling infrastructure, enforcing and enhancing e-waste management policies, promoting public awareness, and encouraging more sustainable practices both in production and consumption. In today’s context, the issue of e-pollution requires a multifaceted approach that involves changes at the individual, corporate, and governmental levels : a. Improved Recycling Facilities: Developing efficient and widespread recycling facilities that can handle e-waste safely is crucial. This includes facilities that can extract valuable materials and safely dispose of hazardous substances. b. Promoting Public Awareness: Educating the public about the importance of proper ewaste disposal and the hazards of e-pollution is vital. Awareness campaigns can encourage people to dispose of their electronics responsibly. c. Government Legislation and Policies: Governments can enact and enforce strict regulations on e-waste management. This includes laws governing the disposal, recycling, and export of e-waste, as well as regulations that require manufacturers to take back and recycle their products. d. Eco-friendly Design and Manufacturing: Encouraging and incentivizing companies to design products that are easier to recycle, use fewer hazardous materials, and have a longer lifespan can significantly reduce e-pollution. e. Extended Producer Re(EPR): Under EPR, sponsibility manufacturers are responsible for the entire lifecycle of their products, including takeback, recycling, and final disposal. This en-
India’s opposition coalition crumbles, making Modi’s return to power a foregone conclusion As hundreds of millions head to the polls this year, Congress party and its allies are struggling to come together to take on the ruling BJP
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SwAti ChAturveDi
NDIAN Prime Minister Narendra Modi is on the cusp of a historic third term in office. With general elections barely three months away (due by April-May), he has just witnessed the dismembering of his political opponents. The opposition has been bleeding leaders in agonizingly slow motion for months, with those who still foresee a viable future for themselves switching sides to join the ruling Bharatiya Janata Party (BJP) or its adjuncts. A near-death blow was administered to the failing opposition when the original architect of India National Developmental Inclusive Alliance (INDIA) – Nitish Kumar, the Chief Minister of the key state of Bihar, split with his opposition allies and teamed up with the BJP. Kumar is now called “Kursi Kumar” (‘chair’ Kumar, referring to the game of musical chairs) in a nod to his lack of fidelity. Kumar is known for partnering with the dominant party in order to stay in office. However, given that he publicly swore that he would prefer to die than partner with the BJP, the fact that he so readily ditched his coalition speaks volumes. Just before Kumar jumped into the BJP’s waiting arms came the defection of
legacy politician Milind Deora, formerly a minister in the Congress-led Manmohan Singh United Progressive Alliance (UPA) government. He was also a close personal friend of Rahul Gandhi, the de facto leader of Congress, the country’s oldest political party, which is now in opposition. As Congress politicians continue to defect, the party seems to have perfected the art of nonchalance regarding former leaders who vote with their feet and head for the exit. The modus operandi is as follows. Whichever senior leader is the flavor of the month, the “durbar” (court) of former Congress President Rahul Gandhi – who continues to run the party behind the scenes – comes out and criticizes the newest defector. This script was followed by Jairam Ramesh, who is in charge of the Congress party’s communications. He said Deora was a deadweight whose exit was timed by Modi to derail Rahul Gandhi’s ongoing walkathon through the country, the Bharat Jodo Yatra (‘Unite India Justice March’). If this was not incredible enough, Kumar’s somersault to the BJP also had Ramesh claiming it was “good riddance for the India bloc with opposition leaders heaving a sigh of relief.” Incredibly, before he defected, the same Congress party was batting to make Kumar the formal convenor of the INDIA alliance, and its possible face against Modi. The Congress party is known for its nepotism: all three members of the Gandhi dynasty are active in politics: Sonia Gandhi, the longest-serving party president, and her two adult children, Rahul and Priyanka Gandhi. Rahul Gandhi has now lost two general elections and seems poised to lose a third. The big political flex of all the Congress defectors, starting from Himanta Sarma Biswa, currently the chief minister of the northeastern state of Assam, is to blame the lackluster leadership of Gandhi before quitting. Biswa
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also blamed Gandhi’s pet dog, who he said got more attention in his final meeting with Gandhi before the former decided to join BJP. Sarma was followed by current civil aviation minister Jyotiraditya Scindia, who pulled down the Congress government in the central state of Madhya Pradesh when he quit in March 2020; current Uttar Pradesh (UP) Public Works minister Jitin Prasada, in June 2021; and Ratanjit Pratap Narain Singh in January 2022 (ahead of state elections in UP). Incidentally, Scindia, Prasada, and Singh are all from the elite Doon School that Rahul Gandhi’s father, the late Rajiv Gandhi, attended. All are heirloom politicians, born with a silver spoon (like Gandhi), and formed a close-knit group around him in the halcyon days of the UPA government. The 'RG gang', as they were dubbed, are all sons of now-departed Congress leaders close to the Gandhi family, who were made ministers by Sonia Gandhi. The Congress defectors aren’t just young and impatient. Amarinder Singh, a septuagenarian and the former chief minister of the northern border state of Punjab, was forced out by the Gandhi siblings in September 2021 in what turned out to be a disastrous political call that led the party to lose the following state election to the newbie AAP (Aam Aadmi Party). Kapil Sibal, a former minister and a distinguished Supreme Court lawyer who is also handling the defense in the corruption cases filed by the Modi government against the Gandhi family, left the party after going public about the throttling of inner-party democracy and the disastrous leadership of Rahul Gandhi. Another senior leader Ghulam Nabi Azad, the former CM of the border state of Jammu and Kashmir, quit saying he was insulted by Gandhi. The Congress just lost three state elections in Madhya Pradesh, Chhattisgarh and Rajasthan to the BJP that it was widely speculated to win. Despite the fact that the Congress currently has no state governments in
ing below triple figures. Large, mature economies have not increased their oil consumption much in the past decade. China’s crude consumption has more
the north, it still has a pan-India political footprint which is why the Congress needs to be the fulcrum of opposition unity for any opposition alliance to be viable. Because of the widely perceived leadership deficit in the Congress, wildly ambitious regional party chieftains sense a vacuum and don’t take the Congress seriously. Regional leaders such as Mamata Banerjee, the Trinamool Congress chairperson and chief minister of the West Bengal state; Arvind Kejriwal, the Aam Aadmi Party founder and chief minister of Delhi; and Y S Jagan Mohan Reddy, The Yuvajana Sramika Rythu Congress Party president and chief minister of the Southern Andhra Pradesh state: each share a common allergy to the Congress and in most cases have left the Congress to found their own parties. Each of these parties has managed to attain power by depriving Congress of its vote share; and their party cadre is locked in fierce combat with the mother party. The opportunistic contradictions of the opposition alliance are immediately obvious to the voter: They can’t claim to be national allies but fight state elections as rivals. Wherever the Congress is in a bi-polar contest with the BJP in the states, Modi becomes the party totem and routs the Congress. The INDIA alliance had ambitious plans to provide one united candidate against the BJP candidate in each parliamentary seat in the general election across India. Incredibly, it has still not been able to talk about sharing seats, and opposition chief ministers like Kejriwal and Banerjee are refusing to concede a single seat to the Congress. All of this makes the big battle of 2024 a virtual cakewalk for Modi. In the sarcastic words of one senior opposition leader: “Modi is blessed to have such an opposition.” Even as an existential crisis looms, the opposition seems to be sleepwalking to its next drubbing. Indian democracy needs a better opposition. Swati Chaturvedi, an independent journalist based in New Delhi.
is more upbeat. The country makes up a quarter of Opec’s forecast demand increase for the next couple of years. Three international energy agencies provide
The days of $100 oil prices are over
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Demand will continue but potential world supply is likely to peg back the cost FINANCIAL TIMES lex
IL will be part of our lives for decades to come. But its value to the consumer has already topped out. Consider the long-term trend for oil prices. Futures markets hint at little concern about supply since the latest Middle East tension began in October. Even one of the world’s largest producers might be rethinking things. Saudi Arabia’s energy ministry on Tuesday asked the state oil company Saudi Aramco to halt a planned 1mn barrels per day expansion in oil production to 13mn b/d. This had been due by 2027. The Brent price has fluctuated, sometimes wildly, over the past two decades. Yet the crude price, now at $82, shows every sign of remain-
than doubled over the past 20 years. But US gasoline demand has gone up by just 8 per cent, according to US Department of Energy data. That sluggishness is more striking when you consider that the Brent price, adjusted for inflation, has not budged since 2005. Using US prices as a proxy, the cost of oil has not exceeded that of most other goods and services. In real terms it is 42 per cent cheaper than it was a decade ago. Oil prices at $100 in 2007 and 2011 made sense in light of the explosive growth of China’s economy. The world’s capacity to supply China with oil, metals and agricultural goods could not match its needs. Now, however, China’s economy has changed. In its rapidly evolving auto market, for example, half of all new car sales will be electric by 2025, thinks Bernstein. China’s most important oil supplier, Opec,
benchmark forecasts for demand and supply changes for the oil market: the International Energy Agency, America’s Energy Information Administration and Opec. Of the three, Opec has been the most optimistic, points out Jorge León at Rystad. Opec expects over 2mn b/d additional demand growth this year. That is nearly twice the IEA’s estimate, and makes the Saudi Aramco decision look odd. For this forecast to be correct, Chinese oil demand had better get going. Despite Opec’s hopeful stance, there is plenty of spare production capacity. In Russia and Saudi Arabia alone about 4mn b/d exists. That is not far from decade highs, on Citi’s data. That potential world supply will act as a cap on prices for at least the coming year.
Lex is the FT’s flagship daily investment column.
courages companies to design products with their end-of-life in mind. f. Consumer Choices and Behaviour Change: Consumers can make a significant impact by choosing sustainable and durable products, using their electronics for longer periods, and recycling devices properly. g. Development of Sustainable Technologies: Investing in research and development to find more sustainable ways of producing and recycling electronics can reduce the environmental impact of these devices. h. Repair and Reuse Programmes: Encouraging the repair and reuse of electronic devices, either through DIY methods or professional services, can extend the life of these products and reduce waste. i. International Cooperation: Since e-pollution is a global problem, international cooperation is needed to manage the transboundary movement of e-waste and to establish universal standards for e-waste treatment. j. Incentives for Recycling: Governments and organizations can offer incentives for recycling electronics, such as discounts on new purchases or monetary rewards for turning in old devices. k. Community Recycling Programmes: Local communities can organize e-waste collection events or set up dedicated e-waste recycling points to make it easier for people to dispose of their electronics responsibly. By implementing the right strategies, we can significantly reduce the impact of e-pollution on the environment and human health. The writer is a youth motivator and former Head of the University Department of Political Science, B.N. Mandal University, Madhepura, Bihar, India.
US drones
Deal on course, to boost surveillance & firepower TRIBUNE
eDitoriAl
In a major step forward for the India-US strategic partnership, the Joe Biden administration has notified the US Congress of its decision to sell 31 MQ-9B armed drones to India. The acquisition of these high-altitude, long-endurance UAVs (unmanned aerial vehicles) at an estimated cost of $3.99 billion is expected to make India better prepared to counter current and future threats by enabling unmanned surveillance and reconnaissance patrols in sea lanes. Under the proposed deal, the Indian Navy will get 15 SeaGuardian drones, while the Army and the Indian Air Force will get eight each of the SkyGuardian variety. According to US State Department spokesperson Matthew Miller, the drones will enhance India’s maritime security and domain awareness capability. Even as the details of the deal and the delivery timeline will be worked out by the two governments in the coming months, Miller has asserted that America’s partnership with India is ‘one of our most consequential relationships’. The drone agreement reflects the maturity of the bilateral ties. Both sides have not allowed the dissonance caused by the Gurpatwant Singh Pannun case to undermine their strategic and defence cooperation. The probe into the allegations of an Indian hand in a plot to kill the designated terrorist has witnessed a steady exchange of inputs. The importance of maritime security cannot be overstated, especially in view of the alarming resurgence of piracy and the targeting of ships in the Red Sea by militant groups. Indian warship INS Sumitra, assisted by a leased MQ-9B drone, recently carried out anti-piracy operations and rescued two hijacked fishing vessels along with their crew members. With the US Congress expected to give the goahead to the drone deal, the Indian defence forces are on course to augment their firepower and surveillance prowess.
06 NEWS
OVER 100,000 GAZANS INJURED, MISSING OR DEAD, WHO SAYS
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HE World Health Organization (WHO) said on Friday that over 100,000 Gazans are injured, missing or presumed dead as the situation deteriorates in the enclave after a fresh round of conflict between Hamas and Israel began in October last year. The figure makes up 4.3 percent of Gaza’s 2.3 million population, according to Richard Peeperkorn, WHO representative for the occupied Palestinian territory. Speaking to a United Nations weekly briefing via video link from Jerusalem, Peeperkorn said the rest of the population faces dire circumstances, struggling to secure their basic needs of safety, food, health and warmth. Central Gaza is witnessing an escalation of hostilities, further crippling access to existing health facilities, he said. The humanitarian crisis extends beyond healthcare, with food insecurity and water contamination creating fertile ground for the spread of infectious diseases. The WHO representative in Gaza cited alarming statistics: over 245,000 recorded cases of respiratory infections, 160,000 cases of diarrhea among children under five, and nearly 70,000 cases of scabies and lice. Malnutrition has be-
come a significant concern, exacerbated by limited food distribution within Gaza. Attacks against healthcare facilities were also highlighted, with Peeperkorn reporting 342 recorded attacks resulting in 627 fatalities and 783 injuries. Sixtyone health workers were currently detained, further crunching the already strained healthcare system. As thousands of Palestinians have continued to flee from northern Khan Younis to Rafah in southern Gaza, the city, which is already hosting over half
US retaliatory strikes hit Iran-linked targets in Syria, Iraq BAGHDAD
AGENCIES
The US military launched retaliatory air strikes against Iranian forces and Tehran-backed militia groups in Iraq and Syria on Friday, killing at least 18 fighters, following a deadly drone attack on an American base in Jordan. The United States blamed the Sunday drone attack on Iran-backed forces, but did not strike the country’s territory, with Washington seeking to deter future attacks while stopping short of all-out war with Tehran — something both sides have sought to avoid. “Our response began today. It will continue at times and places of our choosing,” President Joe Biden said in a statement. “The United States does not seek conflict in the Middle East or anywhere else in the world. But let all those who might seek to do us harm know this: If you harm an American, we will respond,” he added. The strikes targeted the Islamic Revolutionary Guard Corps Quds Force as well as “affiliated militia groups,” with American forces including long-range bombers flown from the United States hitting “more than 85 targets,” the US Central Command (CENTCOM) said in a statement. “The airstrikes employed more than 125 precision munitions,” CENTCOM said. Targets included command and control and intelligence centers as well as rocket, missile and drone storage facilities belonging to militia groups and Iranian forces “who facilitated attacks against US and coalition forces.” The strikes killed at least 18 pro-Iran fighters, according to the Syrian Observatory for Human Rights war monitor. US National Security Council spokesman John Kirby told journalists the strikes lasted about 30 minutes, though they involved a lengthy trip for the B-1 bombers that flew from the United States.
the population of about 2.3 million people, is “a pressure cooker of despair,” Jens Laerke, a spokesperson for the UN humanitarian office, said on Friday. Meanwhile, Israel warned that Rafah, once a “safe zone” for refugees, would be the Israeli army’s next target for a ground assault. “The Khan Younis Brigade of the Hamas organization is disbanded, we will complete the mission there and continue to Rafah,” Israeli Defense Minister Yoav Gallant said in a post on the social
media platform X late on Thursday. “We will continue until the end, there is no other way.” Hamas officials said on Friday that it is studying a proposed ceasefire deal that would include prolonged pauses in fighting in Gaza and exchange of Israeli hostages for Palestinian prisoners. Hamas remains committed to its initial demands for a permanent ceasefire, the group’s top political leader Ismail Haniyeh and a senior Beirut-based official, Osama Hamdan, said. Hamdan also said the group seeks the release of thousands of Palestinian prisoners being held for acts related to the conflict with Israel. Yemen’s armed Houthi group struck the Israeli city of Eilat on Friday with several ballistic missiles, an attack it said was intended to show its support to the Palestinian people in the war-ravaged Gaza, Hours earlier, the Israel Defense Forces (IDF) said they intercepted a surface-to-surface missile in the Red Sea. No sirens were triggered during the incident. Tensions in the Red Sea have continued to escalate as the U.S.-UK maritime coalition launched seven air strikes against Houthi sites in the northwestern Yemeni province of Hajjah on Friday, the Houthi-run al-Masirah TV reported, after Houthi forces vowed to launch more attacks targeting Israeli-linked commercial vessels and U.S.-UK coalition warships.
China urges fair treatment as Japan intends to tighten export controls BEIJING
STAFF CORRESPONDENT
China called for fairness and nondiscrimination in export controls after Japan reportedly plans to intensify restrictions on exports to China, and urged both parties to ensure the stability and fluidity of industry and supply chains. The remarks were made by He Yadong, a spokesperson of the Ministry of Commerce (MOFCOM), after being asked about Japan’s tightening export control measures for preventing the military use of export goods. Nikkei Asia reported on Sunday that the Japanese government hoped to introduce restrictions like those implemented by the US and Europe
to “prevent goods and parts from being used for military purposes.” China’s longstanding principle is that export controls should adhere to fairness, reasonableness and impartiality, said the spokesman. No countries or regions should exploit export control measures, nor should they infringe upon the legitimate rights and interests of other countries and regions in the peaceful utilization of export-controlled items, He said, advocating for the respect of global trade norms. China and Japan are key economic and trade partners, and both parties should utilize the export control dialogue mechanism, enhance policy communication and understanding to maintain the stability of supply chains, and foster healthy eco-
nomic and trade relations, He noted. In recent years, the US, Japan and the EU have continuously accused China of utilizing militarycivil dual-purpose technology for military purposes, with Japan taking the lead in tightening these export controls to China, Zhou Yongsheng, a deputy director of the Japanese Studies Center at the China Foreign Affairs University, told Global Times on Thursday. Preventing military use is Japan’s primary goal, but it’s merely an excuse to suppress the comprehensive industrial upgrade of Chinese technology. Western countries wish to completely separate military from civilian technology, a feat not achievable by China, or by the West, Zhou said.
Pakistan, Belarus celebrate 30 years of diplomatic relations ISLAMABAD APP
Pakistan and Belarus on Saturday celebrated thirty years of the establishment of diplomatic relations. Foreign Minister Jalil Abbas Jilani exchanged messages of heartfelt felicitations with Belarusian Foreign Minister, Sergei Aleinik. The respective ambassadors in Islamabad and Minsk called on the Foreign Ministers and presented the
congratulatory messages. Pakistan-Belarus bilateral relations are characterized by mutual respect and trust and constructive dialogue based on the Islamabad Declaration of Pakistan-Belarus Partnership and the Treaty of Friendship and Cooperation of 2015. This relationship has continued to grow with frequent high-level exchanges and robust collaboration in economic, industrial and agriculture sectors. In his message to Foreign Minister Aleinik, Foreign Minister Jilani appreciated the positive trajectory of bilateral relations over the last thirty years.
Sunday, 4 February, 2024 | LAHORE
Xi Jinping inspects troops stationed in Tianjin, extends festival greetings to all servicemen TIANJIN
STAFF CORRESPONDENT
Chinese President Xi Jinping on Friday inspected troops stationed in north China’s Tianjin Municipality ahead of the Spring Festival, or Chinese Lunar New Year. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission (CMC), extended festive greetings to service personnel of the People’s Liberation Army (PLA) and the People’s Armed Police Force, civilian personnel posted in the military, and members of militia and reserve forces, on behalf of the CPC Central Committee and the CMC. On Friday morning, Xi met with representatives of the Tianjin garrison command and posed for group photos with them. Xi said that troops stationed in Tianjin have resolutely implemented the decisions and instructions of the CPC Central Committee and the CMC over the past year, made concrete advancement in various areas of work and excelled in completing major tasks. Commending the troops’ performance in supporting Tianjin in its flood relief efforts, Xi said their contributions have been significant to the protection of people’s lives and property. For the new year, Xi urged the full implementation of the Party’s thinking on strengthening the military and military strategy for the new era, and efforts to achieve the goals set for the centenary of the PLA in 2027. Xi also stressed that as the 2024 Spring Festival approaches, the country’s armed forces should strengthen combat readiness, safeguard national security, and maintain social stability to ensure people have a joyful and peaceful Spring Festival.
Culture only tool to connect everyone: Jamal Shah KARACHI APP
Caretaker Federal Minister for Culture and National Heritage, Syed Jamal Shah, on Saturday emphasized the need for cultural unity and said culture is the only weapon to connect everyone. If we carry out culture with us and present it to the world, the dynamics would be changed, he said this while addressing a press conference along with Sindh Information Minister Ahmed Shah here at Arts Council of Pakistan. The lack of appreciation for culture leads to the losses, we witness today, Shah said and added that unity is vital for increasing cultural connectivity. Highlighting the achievements, Jamal Shah mentioned the establishment of policies and galleries, stating that 'we have developed policies for Theatre Academy, Music academy under my supervision'. He also commended the cooperation between federal and provincial ministries for the promotion of the culture. Highlighting the heritage conservation efforts, Jamal Shah said ongoing projects are related to forts, and mosques embellishments. He expressed hope for continued support from the upcoming government for these initiatives.
Sunday, 4 February, 2024 | LAHORE
CORPORATE CORNER Eighteen reveals Centro II, Pavilion 15 at exclusive sales event
ISLAMABAD: Eighteen proudly announces the launch of Centro II, Pakistan's premier business center, and Pavilion 15, a sanctuary of luxury apartments offering panoramic views of the Twin Cities' most scenic golf course. An exclusive sales event held to redefine the very essence of commercial excellence and upscale living.Following the tremendous success of Centro, Centro II is a top-tier commercial building and the core of dynamic business activity, forging a new era of corporate success. Simultaneously, Pavilion 15 introduces a new dimension of luxury living with its captivating views of the picturesque golf course. Pavilion 15 offers the perfect blend of sophistication and tranquility.CEO of EIGHTEEN Tarek Hamdy, the visionary behind these groundbreaking projects, states, " Centro II is not just an address. It's a statement of ambition and achievement - a dynamic hub for businesses to thrive. Pavilion 15, on the other hand, is a testament to our commitment to crafting living spaces that transcend expectations and elevate lifestyles." PR
ICP ensure foolproof security arrangements at Parliament Lodges, National Assembly
ISLAMABAD: The Islamabad Capital Police is constantly engaged to ensure effective security arrangements at parliament lodges and the National Assembly in the High Security. According to the details, following the special directives of the Islamabad Capital City Police Officer (ICCPO), Dr. Akbar Nasir Khan, the Islamabad Capital Police is always engaged in ensuring the peace and order situation in the federal capital, police public relations officer said. He said that the security personnel are performing their duties to ensure effective security arrangements at parliament lodges and the National Assembly, located in the High Security Zone. The high security zone encompasses pivotal government and private establishments, diplomatic missions, and other vital assets, necessitating an unwavering focus on their safeguarding. Senior officers have directed the personnel on duty to uphold the highest standards of diligence and professionalism, cultivating a positive rapport with citizens. PR
Mushaal renews Pakistan's unwavering commitment on Kashmir Solidarity Day
ISLAMABAD: Special Assistant to Prime Minister for Human Rights and Women Empowerment Mushaal Hussein Mullick has said that Pakistan will continue to extend its unwavering political, moral and diplomatic support for the just struggle of the people of Jammu and Kashmir in determining their destiny through the right of self-determination. She was addressing a seminar organized by Press Information Department (PID) in connection with Kashmir Solidarity Day. Principal Information Officer Dr. Tariq Mehmood Khan and members and representatives of All Kashmir Newspapers Association (AKNA) also addressed the occasion. DG Information Service Academy Arshad Munir, DG PID Ambreen Gul, President AKNA Amjad Choudhary and members of civil society. PR
SYED AFSARSAJID
Prof. Dr. Sh. Muhammad Iqbal (from Sargodha) is an acclaimed educationist, intellectual, and a trilingual writer, poet, and critic besides being an avan-gardist of the White Cane Safety Movement in lthe country. Fikr-o-Khayal comprises his miscellaneous essays in Urdu and Punjabi, Urdu short stories, translations from English to Urdu, and two essays in English. Shahzad Beg is an experienced poet and writer from Faisalabad. He has ventured to memorialize some 58 deceased writers and poets connected to Faisalabad (Lyallpur of yore) in the near or remote past, in his semi-biographical publication titled Deedban. Fikr-o-Khayal Prof. Dr. Sh. Muhammad Iqbal is a learned man with a keen but perceptive awareness of comparative world literatures. This book is divided into six parts — the first part contains introductory notes (self-exclamatory or elucidatory) by the author himself; this reviewer; famed surgeon, writer and poet Dr. Mohsin Maghiana; and noted advocate, writer, and editor Syed Shahid Bukhari. The second part of the book carries expository/reflective/critical essays in Urdu on Faraz (1931-2008)
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BEZOS TO SELL UP TO 50M AMAZON SHARES BY JAN 31 NEXT YEAR, FILING SHOWS NEWS
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REUTERS
MAZON (AMZN.O), opens new tab founder Jeff Bezos will sell up to 50 million shares in the online retail and cloud services firm over the next one year, according to a company filing on Friday. The securities are worth $8.6 billion at the current price of $171.8 share. The sale plan, which is subject to certain conditions, was adopted on Nov. 8 last year and will be completed by Jan. 31, 2025, according to the company’s latest annual report. Amazon shares ended nearly 8%
higher on Friday after the e-commerce heavyweight reported higher-than-expected sales for the holiday quarter and its lucrative cloud business signaled early gains from AI-powered features. They had surged more than 80% last year amid a broader rally in tech stocks and outperformed the benchmark S&P 500 index (.SPX), opens new tab. Bezos founded Amazon as a bookseller in 1994. He stepped down as its chief executive and took over as executive chairman in 2021. Advertisement · Scroll to continue He is currently the world’s third richest person with a net worth of $185 billion, according to Bloomberg Billionaires Index.
Peshawar police recuse itself from providing security to election candidates PESHAWAR INP
Peshawar police on Saturday excused itself from providing security to election candidates ahead of the general election 2024. As per details, the Peshawar police suggested election candidates of political parties to hire security guards from private security companies. However, police will provide security for the corner meetings and public rallies of candidates during election campaigns. Moreover, the reason behind not providing security to election candidates is the lack of additional security personnel as they will be deployed at the polling stations during the election 2024. The development came after
the Counter Terrorism Department (CTD) released a list of political figures who received threats ahead of the general election 2024. According to the Counter Terrorism Department, 15 politicians from Khyber Pakhtunkhwa (KP) have received threats from terrorists. The Political leaders who received threats include MNA Mohsin Dawar, Ex-provincial minister Imtiaz Qureshi, Senator Hidayatullah, Former PML-N MNA Amir Maqam, Former PTI MNA Pir Mansoor Shah and Shah Muhammad. JUI-F’s Malik Adnan Wazir and Ehsanullah, Senator Bakhti Afsar and Senator Maulana Abdur Rasheed. It is pertinent to mention here that at least six people were killed and 13 others sustained injuries in three violent incidents in Balochis-
tan’s Sibi, Quetta and Chaman and Khyber Pakhunthwa’s Bajaur district within span of a day. The wave of violence began in Sibi when four people were killed and five others sustained injuries in a blast that occurred at Jinnah Road Sibi near political party’s rally on Tuesday. The police said that the explosive material was installed in a motorcycle which led to explosion. The law enforcers have cordoned off the area and called bomb disposal squad. The Election Commission of Pakistan (ECP) declared around 50% polling stations in country as ‘sensitive’ or ‘most sensitive’. According to ECP sources, out of the total 90,675 polling stations 46,065 have been declared as ‘sensitive’ or ‘most sensitive’ across the country.
Kashmiris freedom movement to continue till liberation from Indian occupation: Wani ISLAMABAD INP
All Parties Hurriyat Conference Azad Jammu Kashmir and Pakistan (APHC-AJK) Chapter Secretary Information Imtiaz Wani on Saturday reiterated Kashmiris’ resolve to continue the struggle against Indian illegal occupation against all odds till the goal of freedom is achieved. “Kashmiris are not tired or hopeless. On contrary, the Indian oppression and state terrorism has further strengthened their resolve and commitment to freedom,” Imtiaz Wani said in a statement issued in connection with February 5, the Kashmir Solidarity Day to be observed on Monday. He said that Kashmiris would not give up their principled position and continue their struggle to end the forcible and illegitimate occupation, come what may. The APHC leader said that after August 5, 2019, India left no stone unturned to demoralize the Kashmiri
people by breaking all world records of oppression, but despite all these cruelties, Kashmiris stood fast to continue their struggle. Imtiaz Wani thanked Pakistan and the people of Pakistani for their unflinching support for the Kashmir struggle. He said that Pakistan became Kashmiris’ ambassador and made their voice be heard all across the world. He said Kashmir and Pakistan were not two separate entities, so Pakistan will continue its efforts to help Kashmiris in a more energetic way to help them get rid of Indian illegal occupation. He said that Kashmiris were fighting for their legitimate and UN-mandated right to self-determination and were demanding the implementation of United Nations Security Council resolutions that guarantee the right to plebiscite. He appealed world community to pressurize Indians to take tangible and concrete steps for the resolution of the Kashmir issue.
Muslim leaders urge government to end mosque-temple disputes NEW DELHI INP
Top Muslim leaders in India called on Prime Minister Narendra Modi’s government to end disputes over mosques and temples, saying the minority Muslim population was feeling under threat and their places of worship should be protected. In the latest such contentious case, a court this week allowed Hindus to pray in a 17th century mosque in Varanasi, which Hindus say was built after the destruction of a temple. “Many people in the country
are claiming that some of the historic mosques were constructed after destruction of temples, but these are false accusations,” said Maulana Khalid Saifullah Rahmani, president of the All India Muslim Personal Law Board. “We urge the government to put an end to such disputes and save the secular fabric of the nation,” he told reporters, flanked by other leaders. The Muslim community was feeling “threatened and suffocated” in their own country, he added. The home ministry did not immediately respond to an email
seeking comment. The fight over claims to holy sites has divided India, since independence in 1947. Critics accuse Modi and the ruling Bharatiya Janata Party (BJP) of pushing a proHindu agenda and promoting discrimination against Muslims, but he says his government does not do so. Hindu groups, including the BJP’s ideological parent, say several mosques in India were built over demolished temples under the Mughal empire. Modi inaugurated a grand temple last month in Ayodhya, fulfilling a decades-long BJP.
Minhajul Quran Int’l president honored with Ambassador For Peace Award
Prof.Dr. Hussain Mohi-ud-Din Qadri, President of Minhaj-ul-Quran International and Deputy Chairman of the Board of Governors at Minhaj University was bestowed with the esteemed "Ambassador For Peace Award " on February 2, 2024 by The Universal Peace Federation at the United Nations Headquarters in Austria. This recognition highlights his unwavering commitment to fostering peace and harmony, transcending both community and religious spheres to promote coexistence and diversity within the region and worldwide.The distinguished award was presented by Dr. Peter Haider, President of the Universal Peace Federation Austria, and Dr. Afsar Rathore, a member of the Academic Council on The United Nations System (ACUNS). The ceremony drew the attendance of numerous community leaders, fellow Ambassadors, and esteemed figures from clergy and academia worldwide.Heartfelt congratulations to Prof. Dr. Hussain Mohi-ud-din Qadri on this welldeserved recognition.. PR
Pak-Iran relations amidst threat of broader conflict
Yesterday In a pivotal roundtable session titled, "Pak-Iran Relations Amidst the Threat of Broader Conflict," hosted by the Pakistan Institute for Conflict and Security Studies (PICSS), prominent figures delved into the complex geopolitical landscape involving Pakistan, Iran, and India. Conducted by PICSS Managing Director, Mr Abdullah Khan, the session brought together key figures including Ambassador Khalid Mahmood Former Ambassador of Pakistan to Iran, Lt General Naeem Khalid Lodhi(retd) Former Defence Minister (Ct) and Faraz Naqvi in charge of the Iran Program at the Institute of Regional Studies Islamabad. Ambassador Khalid Mahmood emphasized the enduring challenges faced by Pakistan as a battleground for proxy conflicts, particularly involving Shia-Sunni proxies. The relationship between Pakistan and Iran, despite occasional strains, remained resilient for many years. However, post-1979 witnessed a downturn driven by sectarian factors, with suspicions emerging in Iran regarding Pakistan's potential alignment with American imperialism. PR
Review of two new but valuable books
and his poetry of resistance; Faraz as a poet of ghazal; Shahid Bokhari as a living ‘aazaad mard’; radio as a friend and confidant; disabled persons — tours de force of Nature; special education defined; a cursory look at Shakespeare’s play Macbeth; and a close study of his play King Lear. In the next part, the author has elected to compose quasi-descriptive essays on Shakespeare (1564-1616), Milton (1608-74), Wordsworth (1770-1850) and the play King Lear,
in Punjabi. The fourth part is dedicated to short stories, twelve in number — crisp and concise but homely in tone and tenor. The content of the stories is mostly related to personal experiences empathetically designed as fiction. In the penultimate portion of the book, the writer has incorporated lucid Urdu translations of Max Shulman’s (1919-88) ‘Love is a Fallacy’, Helen Keller’s (1880-1968) ‘Three Days to See’, Edgar Allan Poe’s (1809-49) ‘Tell Tale Heart’, and James Joyce’s (1882-1941) ‘Araby’. The concluding part consists of two essays in English, titled ‘Iqbal’s View of Struggle in the Making of Life’ and ‘Ahmad Faraz: A Lover and a Poet’, that are self-explanatory and reflect the writer’s ability to discreetly analyse and assimilate divers literary issues including intricate poetic concepts and their practical formulations. It is hoped that the book will attract the readers for its informative content and congenial style.
Deedban Eminent literary versatilist Dr. Riaz Majeed has aptly remarked that
this book can be regarded as a classic reference to the literary history of Faisalabad. Noted poet and writer Dr. Waheed Ahmad terms it as a galaxy of deceased creative writers of ‘Dabistan-e-Lyallpur’. Veteran intellectual-cum-litterateur Prof. Ghulam Rasool Tanwir likens it (Deedban) to a ‘literary Big Bang’ and correspondingly a valuable addition to the literary history of Faisalabad. All of them have contributed eulogistic introductory flaps to the book in addition to Prof. Dr. Shabbir Ahmad Qadri’s well-worded but concise foreword. Shahzad Beg, like an assiduous researcher, has initiated a kind of a monologue here in which he has attempted to survey the literary scenario of Faisalabad from when it was a small newly founded bustling town known as Lyallpur. He has focused on the evolution and growth of ‘mushaira’ in town, as a popular literary recreation, and has also mentioned some individuals as well as institutions whose patronage caused the promotion of the literary arts in town with poetry and poetic concerts as major attractions. In the current book, the compiler has succinctly brought out a semi-bi-
ographical catalogue, in alphabetical order, as mentioned elsewhere, of as many as fifty-eight late poets who in their respective life span participated in or led the caravan of poetic creativity in town right from its inception. The format is quite simple though convoluted. It encloses the name of the late poet at the top with the years of his birth and death in the succeeding line, followed by the location of his residence, name(s) of major publications, and a reference
to his profession. After this brief intro, specimen of a late poet’s noted work has been contextualized with a view to enabling the reader to judge and appreciate him properly. The illustrious list of such poets includes, among others, Asif Bashir Chishti, Ahsan Zaidi, Ahmad Riaz, Ahmad Shahbaz Khawar, Arshad Javed, Ashraf Yusufi, Iftikhar Nasim, Afzal Ahsan Randhawa, Anwar Mehmood Khaid, Sanaullah Zaheer, Javed Anwar, Jamil Rampuri, Hafiz Ludhianvi, Habib Jalib, Hazeen Ludhianvi, Khawar Zaidi, Khaliq Qureshi, Sahir Qidwai, Salim Betab, Shahzada Hasan, Shauq Irfani, Talib Jalandhari, Abeer Abuzari, Adeem Hashmi, Azmatullah Khan, Fazal Hussain Rahi, Faiz Jhanjhanvi, Qayyum Nasir, Meem Hassan Latifi, Mehmood Sana, Murli Dhar Shad, Masroor Badayuni, Manzar Mufti, Manzoor Ahmad Manzoor, Manzoor Abbas Azhar, Nadir Jajvi, Naz Khayalvi, Nazar Javed, Nasim Shaukat Akhgar, and Naqsh Lyallpuri. A few names like Prof. Taqi-uddin Anjum, Akhtar Sadeedi, Shafqat Hussain Shafqat, Wasil Hashmi, Ameer Nawaz Ameer, and Prof. Muhammad Arif Raza do not find mention in the book, maybe due to an oversight on the compiler’s part.
PTI TO MOVE IHC AGAINST ‘SHAMELESS’ NIKAH CASE VERDICT NEWS
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RAWALPINDI
STAFF REPORT
AKISTAN Tehreek-e-Insaf (PTI) Saturday announced moving Islamabad High Court (IHC) against the trial court’s verdict against Imran Khan and Bushra Bibi in the Nikah case at the Adiala jail. The verdict, which also provisions an Rs500,000 fine each for both the accused, was announced by senior civil judge Qudratullah in response to the petition filed by Bushra’s ex-husband Khawar Maneka against what he refers to nikah with the former prime minister. Speaking to the media outside Adiala jail, Khan’s lawyer, Barrister Gohar, said that “shameless, scandalous and unethical allegations” have been made for political motives. “This is a case that has no basis whatsoever, but in fact, was simply filed on the behest of Aun Chaudhry — a former close aid of Khan and one of the key witnesses in the said case. “The cleric [who solemnised the nikah] has himself admitted that [Aun] Chaudhry ‘picked him up’,” Gohar said.
In response to a question regarding the legal grounds for today’s sentence, Khan’s counsel revealed that the judge maintained that the defence’s reliance on the Supreme Court verdict regarding the 39-day iddat is a “general precedent” and is not applicable in this case. He further said that the court relied on the second function, held for family and children to take them into confidence, as the “valid nikah” instead of the actual nikah that was solemnised before that.
Imran, Sheikh Rashid summoned in May 9 violence case RAWALPINDI
STAFF REPORT
Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan and former interior minister Sheikh Rashid and Sheikh Rashid Shafiq have been summoned in May 9 violence case on February 6. As per details, former Punjab Assembly deputy speaker Wasiq Qayyum Abbasi, Sadaqat Ali Abbasi and Umar Tanvir recorded 154 statement and became witnesses against PTI founder and Sheikh Rasheed in May 9 case. They stated that the May 9 violence was carried out on the directions of Imran Khan and AML chief Sheikh Rasheed. The PTI-backed candidate from NA-53 Ajmal Sabir also recorded statement in May 9 case, revealing that Sheikh Rasheed called a meeting at his residence Lal Haveli on May 6 and planned the May 9 violence. Earlier, Police arrested former interior minister and Awami Muslim League chief Sheikh Rasheed following the cancellation of bail in May 9 riots case. Rasheed is accused of planning vandalism and attack on a sensitive installation on May 9, following the arrest of the former prime minister. Violent clashes were broken out across Pakistan after former prime minister Imran Khan was arrested on May 9, 2023. The protests were held in remote and major cities as the party workers were agitated due to their chairman’s arrest, with Balochistan, Punjab, Khyber Pakhtunkhwa, and Islamabad summoning the armed forces to ensure law and order.
Accountability Court Judge Bashir again applies for medical leave till retirement ISLAMABAD
STAFF REPORT
Accountability Court Judge Muhammad Bashir on Saturday again applied for medical leave till retirement due next month. The development comes a couple of days after Judge Muhammad Bashir delivered verdict in Toshakhana reference, sentencing PTI founder Imran Khan and his wife to 14 years in prison each along with a Rs1.5 billion fine. In an application submitted to the Islamabad High Court, the judge has expressed his inability to work further due to deteriorating health and seeks leave until his retirement on March 14. The Islamabad High Court has confirmed the receipt of the petition. Last week, Judge Muhammad Bashir had sought leave on medical grounds. However, he had to withdraw the application after the Ministry refused his application. It is noteworthy that Judge Muhammad Bashir played a significant role in delivering the verdict on the Toshakhana case involving the founder of PTI and Bushra Bibi.
“The judge considered the second function as the actual nikah and not the first,” he noted. “All of this is being done in violation of the constitution for political motives and character assassination of Khan sahib. “We will move the high court against today’s verdict. We are hopeful for justice if these cases are presented before a free and fair tribunal,” he added while calling on the judiciary to uphold their oath and protect our fundamental rights
by ensuring principles of justice. Conveying the PTI’s founder message for his voters, the lawyer said that the former premier has called on his supporters to remain peaceful and persevere in these tough times. “Even if I have to spend a thousand years here [in jail], I would not make any deal,” Gohar said quoting Khan. Meanwhile, in response to the unfavourable trial court verdict, the PTI issued an official statement via its spokesperson, which mentioned the ruling as “extremely shameful” and “against Shariah”. “The verdict is a serious and vile attack on the book of Allah, Constitution and matrimonial and family laws,” the spokesperson said, adding that the ruling came as an embarrassment for the entire justice system. The spokesman further stated that it was an attempt to advance the “nefarious agenda” aimed at political revenge. People will avenge every injustice with the help of their votes on February 8, they added. Furthermore, speaking to media, Bushra’s lawyer Usman Gill also announced to challenge the verdict, terming it “against the law and facts”.
‘Unlawful’ marriage case made to ridicule me: Imran Khan ISLAMABAD
STAFF REPORT
Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan said on Saturday that the unlawful marriage case was made to humiliate and ridicule him and no effort was spared to achieve the goal. The former premier maintained that he would not cut a ‘deal’ with the powers that be. Speaking to the media following the announcement of the case verdict, he said that the punishment handed down to him in the Toshakhana case had not been given to any other politician accused of misusing the state repository. He reiterated that the unlawful marriage case was made to ridicule and humiliate him. The PTI founder added that around 200 cases have been registered against him and in the country’s history, no individual has been booked in so many cases. “I still say, I have not made a deal and will not make one. I will die rather than cut a deal,” said a defiant Imran. Referring to PML-N supremo Nawaz
Sharif and his brother, former premier Shehbaz Sharif, the PTI founder said the elder Sharif was disqualified by the Supreme Court after a JIT was formed but all cases against him have been dismissed and similarly, Shehbaz had a ‘strong’ case lodged against him by the FIA but that too was dismissed. Making a veiled reference, Imran said 400 drone attacks were carried out on the country but no one spoke and added that the “slave has returned from abroad to do their bidding now”. The court sentenced former premier Imran Khan and wife Bushra Bibi to seven years imprisonment each on Saturday in the ‘un-Islamic’ marriage case. The verdict in the ‘un-Islamic’ marriage case was reserved by the court last night after a lengthy 14-hour hearing concluded on Friday night. A fine of Rs0.5 million each was also imposed on the ex-premier and his wife. This is the third sentencing for the PTI leader over the last five days. The former premier was earlier this week sentenced to 10-year imprisonment in the cypher case, and 14-year imprisonment in the Toshakhana case.
ECP finalises preparations for Feb 8 general elections ISLAMABAD
STAFF REPORT
The Election Commission of Pakistan (ECP) concluded all preparations for the upcoming general elections set to take place on February 8 (Thursday). The electoral watchdog said that over 120 million registered voters are poised to exercise their democratic right by casting votes for the national and four provincial assemblies. According to the polling plan, the ECP has established a network of 90,675 polling stations across all four provinces. Among these, 41,403 are combined polling stations, while 25,320 cater specifically to male voters, and 23,952 are designated for female voters. A diverse pool of candidates, totaling 5,121, are vying for seats in the National Assembly. This includes 4,807 male candidates, 312 female candidates, and two transgender candidates. The upcoming elections will take place for 266 general seats in the National Assembly and 593 general seats across the four provincial assemblies. ECP FINALISES POLL STAFF’S TRAINING Additionally preparations for the upcoming general elections in Rawalpindi have reached a significant milestone with the training of 26,150 selected polling staff. In a directive from the district returning officer, it has been emphasised that telephone and internet connections be promptly installed at the 2,671 designated polling stations across Rawalpindi. School heads have been instructed to coordinate with Pakistan Telecom-
munication Company Limited (PTCL) officials for immediate meetings to ensure swift installations. By February 6, all polling stations are expected to have operational official telephone lines and internet connections, with heads reporting relevant details to the Election Commission of Pakistan on February 7. District Returning Officer (DRO) Hasan Waqar Cheema shared that a total of 2,671 presiding officers, 13,872 assistant presiding officers, 6,936 polling officers, and 2,672 naib qasids have been appointed for the elections, covering 2,671 polling stations and 6,936 polling booths in Rawalpindi. To facilitate the distribution of polling boxes and stationery, all returning officers are summoned to the offices of presiding and polling officers at 10am on February 7. ECP ISSUES GUIDELINES FOR ELECTIONS The ECP issued guidelines to ensure security and transport for the polling staff and election material in reaching the polling stations and then returning safely back to the offices of the returning officers after polling. The electoral body also hinted at taking disciplinary action under Section 55 of the Elections Act, 2017 against the staff who would be absent or show negligence during security duty. According to the plan, it is said that for the peaceful, transparent, and smooth conduct of the general elections 2024, a detailed transportation and security plan has been prepared according to the guidelines given to deliver the polling staff and material to the polling stations and to return the material and staff safely at the end of the polling.
Sunday, 4 February, 2024
PRAYER TIMINGS FAJR SUNRISE
ZUHR
ASR MAGHRIB ISHA
6:15
1:30
4:30
NEPRA approves electricity tariff hike by Rs4.57/unit
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6:52
5:40
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MONTHLY ADJUSTMENT REFLECTS A SHARP INCREASE IN FUEL EXPENSES FOR DECEMBER PROFIT
NEWS DESK
The National Electric Power Regulatory Authority (NEPRA) announced an increase in electricity tariffs for distribution companies (Discos) by Rs 4.57 per unit for December 2023. This adjustment, part of the monthly Fuel Charges Adjustment (FCA) mechanism, reflects the soaring fuel costs that have impacted the power sector. Following requests from power distribution companies for a tariff increase by Rs 5.6194 per unit to compensate for the elevated fuel charges incurred in December 2023, NEPRA, after a public hearing on January 31, approved a slightly less increase. This rate adjustment directly responds to an application submitted by the Central Power Purchasing Agency (CPPA) on behalf of the Discos. The CPPA highlighted a considerable gap between the projected fuel cost, set at Rs 5.403 per unit, and the actual cost, which escalated to Rs 11.022 per unit in December. The total electricity produced with various fuels during this time amounted to 97,726 GWh, with an average cost of Rs 10.1341 per unit, ending in a total energy expenditure of Rs 78,296 million. The increase in fuel costs, driven by global market dynamics and local supply and demand challenges, has necessitated tariff adjustments within the power sector. The FCA mechanism is designed to accurately reflect the genuine cost of electricity generation and ensure the sector’s financial stability by allowing companies to recoup the expenditures associated with power production. The rise in tariffs highlights the energy sector’s broader challenges, including reliance on costly imported fuels.
Cypher Verdict: ECP disqualifies Shah Mahmood Qureshi for 5 years ISLAMABAD
STAFF REPORT
The Election Commission of Pakistan (ECP) has disqualified PTI leader Shah Mahmood Qureshi for five years after his conviction in the cipher case. In a notification issued on Saturday, the commission barred him from the upcoming February 8 general elections as well as “any subsequent elections for a period of five years”. It added that he was disqualified under Article 63(1h) of the Constitution, read with Section 232 of the Elections Act, 2017. A special court established under the Official Secrets Act on Tuesday handed both former premier Imran Khan and ex-foreign minister Shah Mahmood Qureshi 10 years in jail in the cipher case. The cipher case pertains to a diplomatic document that the Federal Investigation Agency’s charge sheet alleges was never returned by Imran. The PTI has long held that the document contained a threat from the United States to oust Imran as prime minister. The verdict comes nine days before the February 8 general elections, which the PTI is contesting amid a state crackdown and without an electoral symbol. Both Imran and Qureshi have been in jail in the runup to the elections. While Imran’s candidature was rejected, Qureshi was cleared to run for an NA seat from Thar. But today’s conviction means that both of them have been disqualified from contesting elections for the next five years. This is Imran’s second conviction as he was also convicted in the Toshakhana case on Aug 5, and sentenced to three years’ imprisonment. The Islamabad High Court (IHC) had suspended his sentence. However, a division bench had later rejected Imran’s petition seeking the suspension of the conviction. This is the former foreign minister’s first conviction.
PML-N to eliminate poverty, unemployment if voted to power, Nawaz ‘repeats mantra’ GUJRANWALA
STAFF REPORT
PML-N supremo Nawaz Sharif on Saturday pledged to eliminate poverty and unemployment from the country if voted to power in the upcoming general elections. “Had his government not been toppled, not a single person would have been unemployed in the country”, the PML-N repeated the mantra while addressing a public gathering in Gujranwala. Citing Transparency International’s report, the three-time prime minister said Pakistan’s ranking on graft index improved under Nawaz Sharif-led government. “Not only corruption, the price of bread, flour and sugar were also at the lowest”, he reiterated. He pointed out that his government also ended loadshedding and terrorism while the prices of petrol and electricity were the lowest. “The IMF [International Monetary Fund] had also acknowledged the country’s development pace during my tenure,” he added. Nawaz further said that the judge, who was in line to become new Chief Justice and awarded him sentence, resigned and went
home. “That judge was involved in my ouster,” he added. “Had my government remained, people would have been satisfied; they would have been able to make ends meet, unlike today,” the PML-N supremo maintained. Addressing the youth of Pakistan, Nawaz Sharif assured them that he will once again build motorways, universities and hospitals across Pakistan, in addition to tackling unemployment and poverty in the country. A day earlier, Nawaz Sharif asserted that the country’s real youth stand by his party, not mummy-daddy type. Addressing a public gathering in Faisalabad in connection with general elections 2024, the three-time prime minister said that some people believe the country’s youth support another party, but “that’s not the case”. “The real Pakistani youth stand by PMLN, not the mummy-daddy ones,” Nawaz Sharif, said, adding that he has no words to “thank the people of Faisalabad for this love”. “We will not rest until Pakistan becomes stable. We will not rest until we don’t bring back the lights in homes, eradicate poverty and unemployment, and build schools, hos-
pitals, and motorways. We will fulfil promises made by my brother Shehbaz Sharif,” he said while addressing a rally in Gujranwala. The former prime minister expressed his concerns regarding the negative narrative propagated on social media. “Some individuals create a storm of negativity on social media, claiming that the youth is with them. However, the true youth of Pakistan is the one standing with us,” he added. Reflecting on his previous term as prime minister, Nawaz remarked, “During my tenure, the prices of commodities such as motorcycles, tractors, gas, flour, petrol, sugar, and other items were lower. Look at the prices now; injustice has been imposed on the people.” ‘Viral disease eliminated permanently’ In an apparent reference to former prime minister Imran Khan, PML-N Senior Vice President Maryam Nawaz Sharif, during her address, stated that a “viral disease” was causing significant harm to Pakistan but that has been eradicated now forever. She said that the “viral disease” had plagued Pakistan for the past five to seven years, causing extensive damage, but it has
now been eliminated permanently. She mentioned that Gujranwala was the first to defeat this viral disease, saying that the ones who had initiated the long march had fled from Gujranwala. Maryam highlighted that promises of five
million houses were made, but not a single house was constructed. “If Nawaz Sharif has promised five million houses, he will definitely deliver,” she claimed. She concluded by urging to end the politics of revenge and to embark on a journey of progress.
Published by Asad Nizami at Qandeel Printing Press, 4 Queens Road, Lahore, for PT Print (Pvt) Limited. Ph: 042-36300938, 042-36375965. Email: newsroom@pakistantoday.com.pk
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