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Wednesday, 21 February, 2024 I 10 Shaban, 1445

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Rs 50.00 | Vol XIV No 234 I 36 Pages I Lahore Edition

g BOTH PARTIES SAY THEY HAVE NUMBERS TO SHEHBAZ SHARIF TO TAKE OVER PM’S SLOT, ZARDARI WILL BECOME PRESIDENT WIN MAJORITY IN CENTER, PROVINCES

I

ISLAMABAD STAFF CORRESPONDENT

N a significant political development, the Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples Party (PPP) on Tuesday successfully reached a government formation agreement. The breakthrough comes after intensive negotiations between PPP Chairman Bilawal Bhutto-Zardari and PML-N President and Prime Minister-designate Shehbaz Sharif. The high-level discussions took place at the residence of Senator Ishaq Dar, where the leaders engaged in crucial talks to solidify the terms of the alliance.

Later addressing a joint press conference, PML-N President Shehbaz Sharif, PPP President Asif Zardari and PPP Chairman Bilawal Bhutto-Zardari announced that

both parties had agreed on a deal to form joint government.

PML-N President Shehbaz Sharif said the journey ahead for the next government will not be easy but one fraught with many difficulties and obstacles but the coalition alliance will tackle them together.

Shehbaz Sharif said the coalition now has the “required numbers” with the PPP to be in a position to form the next government. He thanked the PPP and PML-N leadership for the positive conclusion to the talks between the parties.

He said the numbers are now complete with the PPP to elect Asif Ali Zardari as the next president for the next five years. He also thanked other allied parties such as the Muttahida Qaumi Movement-Pakistan and Pakistan Muslim League-Quaid in this regard.

He acknowledged the recent efforts made by inde-

pendent candidates backed by Pakistan Tehreek-e-Insaf (PTI) and PPP members to explore government formation options. Shehbaz stated that they had sent a message to independent candidates a few days ago, welcoming the possibility of them forming a government, with PML-N prepared to play its role on the opposition benches, in accordance with the Constitution.

However, the independent candidates, even after forming alliances with SIC and MWM, failed to secure the necessary numbers.

Highlighting the extensive discussions held between PPP and PML-N committees, Shehbaz joyfully declared the decision to form a government with PPP. He expressed gratitude to Bilawal for his dedication to the cause and acknowledged the contributions of his brother, Nawaz Sharif, in making the coalition government a reality.

Shehbaz emphasised the unity between the two parties, noting that they were well-positioned to form the government at the Centre. He extended thanks to MQMP, IPP, and PML-Q for their support in this coalition.

Addressing pressing issues, Shehbaz stressed the resurgence of terrorism in Khyber-Pakhtunkhwa (K-P) and Balochistan, underscoring the alliance’s commitment to combating these challenges. Economic issues were also a focal point, with the coalition determined to address them collectively. Shehbaz highlighted the importance of providing opportunities and vocational training to the youth for a prosperous and stable future.

Commenting on the nation’s reliance on loans for 76 years, Shehbaz called for concerted efforts to eliminate this dependency. He emphasised the need to leverage all available resources to overcome challenges and steer Pakistan towards prosperity.

Non-Form-45 verified poll result may risk IMF programme: Gohar

CONTINUED ON PAGE 03

ISLAMABAD

STAFF REPORT

Sunni Ittehad Council moves ECP for allocation of reserved seats ISLAMABAD

STAFF REPORT

After including PTI-backed Independents, the Sunni Ittehad Council (SIC) has approached the Election Commission of Pakistan (ECP) for the allocation of women and minorities reserved seats.

An application has been submitted with the ECP for this purpose by the party’s leadership. The SIC has taken the stance that at least 50 PTI-backed Independents had joined the SIC, who should, now, be considered as its lawmakers.

The SIC pleaded with the ECP that seats reserved for women and minorities should be allotted to the party.

It may be recalled that on Monday PTI-backed Independents had announced joining the SIC. Earlier, addressing a news conference along with leaders of the SIC and the Majlis-e-Waddatul Muslimeen (MWM) PTI leader Barrister Gohar claimed his party had secured victory on 180 National Assembly seats. He said PTI-backed Independents declared returned from the National Assembly, Punjab and KP assemblies would join the SIC. He said this alliance had been created for the country’s best interest.

Earlier on Monday, PTI leader Barrister Gohar Ali Khan said PTI-backed independents, who claimed victory from the National Assembly, Punjab and Khyber Pakhtunkhwa assemblies in the general elections, would join the Sunni Ittehad Council (SIC) as a party. PTI’s announcement followed a formal agreement with the SIC. “Our successful candidates have submitted affidavits with us and today we are announcing that PTI-backed candidates are joining the Sunni Ittehad Council,” Gohar stated during a press conference. He mentioned that the reserved seats in the federal legislature and provincial legislatures were allotted according to the strength of political parties in the houses. “Therefore, to secure our reserved seats and shield our members, we have made a formal agreement under which our candidates will join the SIC,” Gohar said, adding, “The PTI will submit the same documentation to the Election Commission of Pakistan (ECP) today.”

Pakistan Tehreek-e-Insaf (PTI) Chairman Barrister Gohar Ali Khan has intensified the party’s stance on the release of election results under Form-45s and demanded the resignation of Chief Election Commissioner Sikandar Sultan Raja, alleging systematic rigging in the February 8 elections.

Addressing the media after a meeting with PTI founder Imran Khan in Rawalpindi’s Adiala Jail on Tuesday, Gohar emphasised the significance of transparent and fair elections, stating that the Election Commission of Pakistan (ECP) had failed to fulfill its responsibility.

Gohar stated, “We have always requested the ECP for a fair and transparent election, but unfortunately, our concerns have not been addressed. The release of election results under Form-45s is crucial to uphold the public mandate.”

Highlighting the revelations made by former Rawalpindi commissioner Liaquat Ali Chattah re-

garding electoral fraud, Gohar expressed concern for Chattah’s safety and called for full security for him and his family. He added, “Commissioner Rawalpindi has clearly stated what kind of fraud has taken place in elections. It is our duty to ensure his safety and protect those who expose the truth.”

Gohar asserted that the PTI had submitted a list of 50 MNAs to the Election Commission of Pakistan and mentioned a strategic alliance

with the Sunni Ittehad Council (SIC). He explained that the list had been submitted in the name of SIC, and PTI MNAs joining the council would receive reserved seats in parliament accordingly. “We have decided to forge an alliance with Sunni Ittehad Council at the provincial and federal levels. Our MNAs who join SIC will get reserved seats in parliament, and we have already submitted the list to the election commission,” Gohar elaborated.

Plea filed in SC Lahore Registry, seeking probe into poll rigging LAHORE

STAFF REPORT

A petition was filed in the Supreme Court (SC) Lahore Registry on Tuesday seeking an investigation into the alleged rigging in the recently held general elections in the country.

A citizen Mian Shabbir Ismail has filed the petition through his counsel. The petitioner has made the federal government, the Election Commission of Pakistan (ECP) and the chief secretaries of the four provinces respondents in the petition. The applicant requested the apex court to clear the dust regarding rigging allegations and reveal the facts.

It may be mentioned here that a similar kind of petition was first submitted at the apex court in Islam-

abad. Even though the mover seeking annulment of the general elections due to complaints of rigging, withdrew his petition on Monday, Chief Justice of Pakistan (CJP) Justice Qazi Faez Isa insisted he would still hear the case.

“Bring the petitioner back. Dial the cellphone number he has given on his application. We will hear the plea,” the CJP ordered the SHO of the concerned police station after the petitioner did not show up in court.

A three-member bench of the apex court, headed by the CJP, and comprising Justice Muhammad Ali Mazhar and Justice Musarrat Halali, was hearing the petition filed by a retired brigadier, Ali Khan. Calling withdrawal of the petition a ‘joke’, CJP Isa remarked that he would not allow this to happen again. “Do these people file petitions just for the sake of publicity,” he said.

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Individuals not army as institution take decision on martial law, says CJP

irfan.farooq@pakistantoday.com.pk

ISLAMABAD STAFF REPORT

Chief Justice of Pakistan (CJP) Qazi Faez Isa on Tuesday that the imposition of martial law is not an action taken by the army as an institution but rather by specific individuals.

“Martial law is not implemented by the army as a whole, rather certain individuals act independently.

Perhaps it’s time for a fresh start. Could this be a way for institutions to disassociate themselves by attributing wrongdoing to these individuals?” CJP Isa remarked during the hearing of a presidential reference filed by former president Asif Ali Zardari on April 2, 2011, under Article 186 of the Constitution, aiming to review the trial of former prime minister Zulfikar Ali Bhutto’s murder.

Justice Mansoor Ali Shah highlighted the significance of due process in the court proceedings. CJP Isa emphasized the clarity of the court’s jurisdiction, asserting that a case cannot be reviewed multiple times.

During the session, attention was drawn to remarks made in an interview by a judge, indicating pressure while announcing the verdict. Responding to this, CJP Isa emphasised the importance of bearing pressure and maintaining impartiality on the bench.

The discussion delved into the procedural aspects of the case, with Justice Mansoor Ali Shah raising questions on how to proceed under Article 186 and the admissibility of evidence. Justice Jamal posed inquiries regarding external pressures and requested relevant records.

The CJP also highlighted the need for the prosecution to maintain transparency. The hearing was adjourned until February 26, as the Supreme Court continues to deliberate on the matter.

History of the case Zulfikar Ali Bhutto, who took over as president of Pakistan immediately after the fall of Dhaka in December 1971, and later became the prime minister after the 1973 Constitution, was removed from the government through the martial law imposed on July 5, 1977, led by Gen Ziaul Haq. On September 3, he was arrested in the case of March 1974 murder of Nawab Muhammad Ahmad Khan Kasuri. He was released 10 days later, after a court found the charges against him “contradictory and incomplete”. He was rearrested on the same charges and arraigned before the Lahore High Court (LHC).

On March 18, 1978, Bhutto was declared guilty of the murder, and was sentenced to death. The decision was challenged in the Supreme Court and on February 6, 1979, the Supreme Court voted 4-3 to issue a guilty verdict and upheld the high court decision.

On March 24, 1979, the Supreme Court dismissed the appeal and Gen Zia upheld the death sentence. Bhutto was hanged at the Rawalpindi Central Jail on April 4, 1979 and was buried at his family mausoleum in Garhi Khuda Baksh.

On April 2, 2011, 32 years after Bhutto’s trial and execution, the PPP, then the ruling party, filed the reference for reopening of Bhutto’s trial. It is important to mention that the apex court judgment on the hanging of Bhutto has never been referred to as a precedent by the judges in any case.

‘Mother of all rigging’ made Pakistan a laughing stock globally, says Imran RAWALPINDI

STAFF REPORT

PTI’s founder Imran Khan has said that the “mother of all rigging” must end now because Pakistan has become a laughing stock globally, Aleema Khan quoted her brother as saying.

While speaking to the media outside Adiala Jail, where Imran is incarcerated, Aleema Khan said that her brother wanted the culture of impunity to end and the mandate of the people must be respected to salvage the country’s reputation internationally.

When asked what exactly does he mean by “mother of all rigging”?, she said that it was dismantling the PTI, snatching its iconic election symbol of bat, not allowing the

party’s candidates to submit nomination papers, coercing candidates into withdrawing from elections and denying the party the right to canvass.

Imran also ridiculed his arch nemesis, the PML-N, which willingly bartered away its narrative to grab power. “Instead of honouring the vote, the ‘selected ones’ have honoured the boot,” Aleema quoted Imran.

“The selection was so blatant and blind that corruption cases were dropped by the selectors against the ‘selected ones’,” she further stated quoting her brother.

“Instead the PTI chairman was sentenced to 32 years in jail after marathon trials on trumped up charges.”

Imran said that pre-poll, election day,

and post-election rigging denied the people of Pakistan their democratic right to choose their representatives.

“On the voting day, the internet was shut down, leaving people perplexed. But when it did not work, post-poll rigging was carried out at night by brazenly changing the results by ignoring Form 45,” he added.

The incarcerated PTI chairman also referred to the Rawalpindi commissioner who in a recent damning video confession admitted to rigging the election for the PML-N. “Not just one commissioner, there are many more who have ample evidence of rigging, but they have been silenced,” he said while fearing that the commissioner would be subjected to physical torture.

02

PAKISTAN’S EXPORTS GROW 25% YOY TO $2.7B IN JANUARY 2024

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wednesday, 21 February, 2024 | LAHORE

nEws

Exports increased by 8% to $17.7b during first seven months of FY24, PBS data shows The percentage change in the value of these commodities over December 2023 and January 2023 ranged from -15.55% to 78.37% and from 20.28% to 5532.54%, respectively.

The cumulative exports during the first seven months (July–Jan) of FY 2023-24 totaled $17.778 billion against $16.481 billion during the corresponding period of last year, showing an increase of 7.87%.

IMPORTS According to PBS, Pakistan’s imports in January 2024 were recorded at $4.771 billion as compared to $4.650 billion in December 2023, showing a MoM increase of 2.60% but a YoY decrease of 1.14% as compared to $ 4.826 billion in January 2023.

The main commodities of imports

PROFIT

news Desk

AKISTAN’S exports recorded a year-on-year (YoY) growth of 24.81% to $2.792 billion in January 2024 compared to $2.237 billion in January 2023.

According to the latest data released by the Pakistan Bureau of Statistics (PBS), exports slightly dropped by 1.06% monthon-month over 2.822 billion recorded in December 2023.

The main commodities of exports during January 2024 were rice (other varieties), knitwear, readymade garments, bedwear, cotton cloth, towels, rice (basmati), cotton yarn, vegetables, and petroleum products.

during January 2024 were natural gas (liquified), petroleum products, petroleum crude, electric machinery and apparatus, palm oil, plastic materials, mobile phones, fertilizer (manufactured), wheat (unmilled), and iron and steel.

The percentage change in the value of these commodities over December 2023 and January 2023 ranged from -35.08% to 145.86% and from -26.60% to 425.95%, respectively.

The cumulative imports during July to Jan) FY 2023-24 stood at $30.938 billion as against $36.034 billion during the corresponding period of last year, showing a decrease of 14.14%.

TRADE DEFICIT Based on the provisional imports and exports figures, Pakistan’s trade deficit was

recorded at $1.979 billion in January 2024 from $2.689 billion in January 2023.

The cumulative trade deficit from July

– January FY 2023-24 was recorded at $13.160 billion compared to $20.005 billion in the same period of the previous year.

Pakistan’s exports to regional countries surge by 22% in 7MFY24 g

Trade with China, Bangladesh, Afghanistan dominates, contributing $2.61b to total exports of $17.98b PROFIT

news Desk

Pakistan’s exports to seven regional countries have seen a robust increase of 21.68% in the first seven months (JulyJan) of the fiscal year 2023-24, compared to the same period last year.

According to the State Bank of Pakistan (SBP), these exports have contributed $2.61 billion, representing 14.54% of Pakistan’s total exports of $17.98 billion during July-

January (2023-24). China remains the top destination for Pakistani goods among the neighboring countries, with exports soaring by 44.53% to reach $1.73 billion, up from $1.19 billion in the previous year.

Despite this increase, trade with Afghanistan showed a marginal decline of 0.08%, with exports slightly dropping from $285.177 million to $284.927 million.

Conversely, exports to Bangladesh experienced a decrease of 23.27%, totaling $367.776 million, down

PKR falls against USD in interbank market g

Rupee weakens by Re0.21, or 0.08% against greenback to close at 279.57 PROFIT

news Desk

The Pakistani rupee depreciated by Re0.21, or 0.08% against the US dollar in Tuesday’s interbank session, closing at 279.57 per USD. As per data released by the State Bank of Pakistan (SBP), the currency fluctuated between a high of 279.9 and a low of 279.5 during the session. On Monday, the rupee remained unchanged to settle at 279.36 against the US dollar. In the open market, the buying rate for the US dollar was quoted at 280.5 and the selling rate at 283.5. Against the Euro, the PKR gained 2.55 paisa, closing at 301.25. The PKR also appreciated against the British Pound, closing at 351.94, down by 75.57 paisa. The Swiss Franc fell by 64.21 paisa to 316.45. The Japanese Yen and the Chinese Yuan saw gains against the PKR, closing at 1.8592 (up by 0.36 paisa) and 38.84 (up by 2.42 paisa), respectively. The Saudi Riyal and the U.A.E Dirham appreciated against the PKR, closing at 74.54 (up by 5.59 paisa) and 76.06 (up by 5.81 paisa), respectively. Since the start of the financial year, the PKR has appreciated by 6.43 rupees or 2.3% against the dollar.

During the current calendar year, it has appreciated by 2.3 rupees or 0.82%. In the money market, the 6-month Karachi Interbank Offer Rate rose by 8 basis points to 21.35%, with the bid rate at 21.6%.

from $479.357 million.

However, exports to Sri Lanka witnessed a significant rise of 24.65%, amounting to $227.254 million compared to $182.313 million in the prior year.

Meanwhile, trade with India remained minimal, with exports decreasing to $0.150 million from $0.153 million.

Exports to Nepal saw a modest increase of 2.38%, totaling $1.887 million, and exports to the Maldives rose by 12.45%, reaching $5.348 million.

On the import front, Pakistan’s purchases from these seven regional countries amounted to $7.15 billion, marking a 7.33% increase from the previous year’s $6.66 billion.

Imports from China, however, declined by 7.66% to $6.96 billion from $6.46 billion. Imports from India showed a growth of 15.43%, totaling $120.260 million, while imports from Afghanistan dropped significantly by 61.68%, from $13.389 million to $5.130 million.

Imports from Sri Lanka and Bangladesh recorded slight adjustments, with increases and decreases reflective of the dynamic trade relations within the region.

PSX sees marginal 0.01% net gain after bears and bulls clash g

Unclear political horizon shakes investor ’s confidence PROFIT

news Desk

The Pakistan Stock Exchange (PSX) showed a pattern of crests and troughs throughout the intraday trading on Tuesday, closing at 60,464.24 points with a marginal gain of 0.01% or 4.50 points.

As per data available on the PSX website, the market opened with an upward trend, and around 11:30 am, the benchmark index touched the 61224.45 level, gaining 764 points. A visible positive momentum prevailed in the trading until noon when the index started descending.

The stock market posted 586.78 points gains on Monday and closed at 60,459.74 level. On the political front, clouds of uncertainty have not been fully cleared even after two weeks of general elections held on February 8, hanging the formation of government is still in limbo and this overall situation is enough to shake the confidence of investors.

The Pakistan Muslim LeagueNawaz (PML-N) convened a meeting with the Pakistan People’s Party (PPP) on Monday, aiming to explore the potential formation of a coalition government in the centre.

On the flip side, Fitch Ratings said

in its recent report that the close outcome of Pakistan’s election and resulting near-term political uncertainty may complicate the country’s efforts to secure a financing agreement with the IMF. “A new deal is key to the country’s credit profile, and we assume one will be achieved within a few months, but an extended negotiation or failure to secure it would increase external liquidity stress and raise the probability of default.”

Pakistan’s sovereign dollar bonds also experienced a decline of up to 1.25 cents on Monday, amid inconclusive polls and political uncertainty.

JI set to launch protest campaign against poll rigging from Feb 23 LAHORE

staff report

The Jamaat-e-Islami (JI) Pakistan has decided to launch a protest campaign against the ‘worst rigging’ in the general elections from February 23.

According to JI spokesperson Qaiser Sharif, the party will utilise employ all constitutional and democratic channels to shed light on discrepancies in elections. The campaign will kick off in Peshawar on February 23rd, to be spearheaded by

Sirajul Haq, he added.

Mr Sharif disclosed plans for a democracy preservation conference scheduled for February 25 in Islamabad.

“Key demands of the conference include the resignation of the Election Commissioner and the formation of a High Judicial Commission to conduct a comprehensive audit of the election process”, he said, adding that the party to safeguard people’s rights at all costs.

Expressing discontent with the caretaker government and Election

Commission, the JI spokesperson criticized their perceived failure in fulfilling responsibilities.

He lamented the prevalence of institutional interference and accused major political parties of prioritizing personal gain over national interest.

Highlighting public discontent, Sharif emphasized a desire for political stability and Pakistan’s prosperity. Independent media and institutions have echoed concerns regarding the February 8th elections.

Engro Fertilizers welcomes gas tariff revision as a step in the right direction g

Company argues that with complete removal of subsidies across entire fertilizer sector, government is expected to collect Rs150b PROFIT

press release

In a recent move by the government to adjust the subsidies for the fertilizer sector, Engro Fertilizers has expressed its approval of the revised gas tariff policy.

This revision sees the removal of subsidies for fertilizer manufacturers using gas from the SNGPL network, affecting 60% of the industry’s production capacity.

The new policy raises the feedstock gas price from Rs580 per million British thermal units (mmbtu) to Rs1,597 per mmbtu, marking a significant increase in production costs for the affected

manufacturers. This decision is viewed as an important step towards addressing Pakistan’s ongoing financial challenges.

In a press release issued by Engro Fertilizers, it is stated that ”Pakistan’s current financial position is distressed, it is in a debt crisis, with the debt-to-GDP ratio already above 70 percent and more than $27 billion of foreign debt to be repaid by November 2024. The country cannot afford further fiscal pressures or half measures that do not go all the way in solving Pakistan’s problems. The dependence on government subsidies must end, for Pakistan to really move forward and break away from the vicious cycle of debt.” Engro Fertilizers has

highlighted the partial nature of this policy change, noting that the remaining 40% of the sector’s capacity, which relies on gas from the Mari network, continues to benefit from the previous subsidized rate of Rs580 per mmbtu. The company argues that a complete removal of subsidies across the entire fertilizer sector is essential for the financial health and autonomy of the country.

“With this complete removal, the government is expected to collect Rs50 billion, which can then be used for targeted agricultural projects and initiatives that generate economic activity and growth in the country.” the company says further. Engro Fertilizers suggests

that this policy shift offers an opportunity for the sector to demonstrate global competitiveness without reliance on government subsidies, potentially setting a precedent for efficiency and investment in the industry.

Furthermore, the company sees this as a chance for the fertilizer industry to serve as an example for other sectors, advocating for a broader reassessment of subsidy policies across the economy.

Engro Fertilizers urges the government to fully eliminate subsidies for the fertilizer sector, aiming to alleviate the national debt burden, foster efficiency, attract investments, and contribute to a stronger future for Pakistan.

Roshan Digital Account inflows decline 11% in January g

SBP reports cumulative inflows exceed $7.33b PROFIT

news Desk

Roshan Digital Account (RDA) saw an inflow of $142 million in January, marking an 11% decrease from $160 million received in December 2023, according to data released by the State Bank of Pakistan (SBP). The SBP announced that $12 million of the total inflow has been repatriated, with $114 million being spent domestically, leaving a net repatriation liability of $16 million. By the end of January, cumulative inflows into the RDA surpassed $7.33 billion. The number of RDA accounts increased to 659,806, up from 651,057 at the end of December. According to the SBP’s website, the total RDA inflow reached $7.337 billion by the end of January, with $1.55 billion repatriated and $4.556 billion used within the country, resulting in a total net repatriation liability of $1.231 billion. The breakdown of the outstanding liability includes $800 million in Naya Pakistan Certificates, divided between $302 million in conventional and $498 million in Islamic instruments, and $380 million in account balances. Roshan Equity Investments remained unchanged at $30 million.

Pakistan advances on Iran gas pipeline to avoid $18bn fine g

Iran extends project deadline by 180 days until Sept 2024 to avoid any legal disputes PROFIT

Monitoring Desk

Islamabad initiated talks with Tehran, committing to finalise the initial phase of the 80-kilometer Iran-Pakistan (IP) gas pipeline project within its territory to prevent a potential $18 billion fine. The Petroleum Division is seeking cabinet approval to start the IP gas pipeline project, and the board of Gas Infrastructure Development Cess (GIDC) has been instructed to accelerate the financing of this initiative. Reports indicate that Iran extended the project deadline by 180 days until September 2024 to avoid any legal disputes in international courts. This extension aims to prevent potential litigation and the strain it could cause on diplomatic ties between Pakistan and Iran, as Tehran may seek legal recourse to protect its interests in the pipeline project. In response to these developments and despite facing sanctions from the United States, Pakistan has resolved to move forward with the pipeline’s construction on its soil to meet Tehran’s requirements. Iran has completed its section of the pipeline, spending $2 billion, while Pakistan has yet to begin construction. Previously, the 80km segment of the IP pipeline was part of the LNG Gwadar Pipeline project, which would connect Gwadar with other national regions. It was decided that Pakistan could undertake this construction if the diplomatic climate between Tehran and Washington improved and Pakistan received an exemption.

29 MORE SUSPECTS GET BAIL IN JINNAH HOUSE RANSACKING CASE

wednesday, 21 February, 2024 | LAHORE

T

LAHORE

staff report

HE Anti-Terrorism Court (ATC) on Tuesday granted post-arrest bail to 29 more suspects including a woman in the Jinnah House attack case of the May 9 riots. According to the details, the ATC heard bail pleas of the suspects nominated in the case about the attack and ransacking of Jinnah House on May 9 after the arrest of Pakistan Tehreek-eInsaf (PTI) chief Imran Khan.

The ATC judge granted bail to 29 accused including Ayesha Ali, Bilal Latif, Muhammad Jahangir, Bilal Arshad, and Ahmed. The ATC also approved bail pleas of Dost Muhammad, Hameedullah, Tayyab Jameel, Muhammad Amjad, Muhammad Rashid, Bilal Idrees, Shahid Mahmood, Muhammad Fayyaz, Nadeem Altaf, Muhammad Imran and others.

The ATC judge directed the suspects to submit surety bonds of Rs100,000 each.

According to police, the accused were involved in attacking and ransacking the Jinnah House on May 9.

The violent clashes broke out across the country after former Prime Minister and PTI chief Imran Khan was arrested from the Islamabad High Court (IHC) on May 9. Around 214 accused moved the court,

seeking bail in the case and 19 of them have already been awarded bail. The ATC would pronounce a verdict on other pleas on Wednesday.

Yesterday, the ATC granted bail to 19 accused in a case pertaining to the attack on Jinnah House on May 9. The ATC heard bail pleas of 214 suspects

nominated in the case.

The ATC judge, however, granted bail to 19 accused including Naveed Feroz, Muhammad Akram, Altaf Hussain, Bilal Fayyaz, and Muhammad Kamran. The ATC approved bail pleas against surety bonds of Rs100,000 each.

According to police, the accused were involved in attacking and ransacking the Jinnah House on May 9. Earlier last week, the ATC granted post-arrest bail to 16 suspects in the Jinnah House attack case of May 9 riots.

Judge Naveed Iqbal allowed the bail petitions of 16 suspects subject to furnishing surety bonds and adjourned the hearing of over 200 other petitions till Feb 19. The suspects who were granted bail include Khawar Hussain Butt, Farrukh Azeem, Zaheer Arshad, Muhammad Zeeshan, Muhammad Arshad, Saleem Ahmad, Syed Asghar Ali, Javed Hussain, Muhammad Ramzan, Mohsin Ashiq, Umar Shahzad, and Nadeem Abbas.

‘Anti-power pilferage drive’: staggering Rs85b recovered till December 2023 g

Only 10pc recovery of power theft achieved till Dec 2023 ISLAMABAD

staff report

The launch of the campaign against electricity theft has resulted in the recovery of a staggering total of Rs 85.7 billion by December 2023.

Despite only achieving 10 percent recovery of power theft since the commencement of the anti-theft drive in the second week of August 2023, the efforts undertaken have borne fruit in curbing illicit electricity consumption which marks a crucial step forward in combating the pervasive issue of power theft in the country.

These revelations were made during a meeting of the Senate Standing Committee on Power, which was held under chair Senator Azam Nazeer Tarar.

On Tuesday, the senate committee meeting commenced with the chairperson inquiring about the report regarding the two matters regarding awarding of contracts to (M/s Sinohydro Corporation) for LoT-I, (M/s Harbin Electric International) for LoT-II and consultant (M/s GOPA Intec) for construction of 765kV double circuit transmission line from Dasu Hydro Power Station to Islamabad I/C Grid Station and ADB

project ACSR Bunting Conductor LoT-11 A discussed and referred to Power Division in the last meeting. The Secretary, Power Division assured the Committee Members of the efforts being made for progress. In detail, the Secretary, Power Division briefed the status of circular debt, explaining that all circular debts had met their set target of Rs. 2,310 trillion as of December 21, 2023, including those successfully negotiated with the IMF, ensuring consistency in 2024 as well.

The Power Division attributed the achievement of targets to efficiency in managing the power sector, addressing technical and commercial losses through tariff adjustments. Furthermore, Rs. 85.7 billion have been recovered due to anti-theft drive that started in the second week of August 2023. The ministry expressed confidence that addressing circular debt would lead to progress rather than regression.

The Secretary of the Power Division emphasized that they have imposed restrictions on staff posting to control electricity theft, despite objections from the Election Commission. The Chairman Committee expressed optimism and appreciation for their performance.

Speaking on the occasion, Senator Behramand Tangi said that the campaign

PTI withdraws case for reserve seats after joining SIC PESHAWAR

staff report

PTI has opted to retract the case filed for specific seats following its Ittehad with the Sunni Ittehad Council. PTI’s lawyer, Shah Faisal Advocate, confirmed that the party’s decision aligns with the newfound Ittehad, rendering the case obsolete. The petition, scheduled for today’s hearing at the Peshawar High Court before Justices Ishtiaq Ibrahim and Atiq Shah, sought specific seats in the Khyber Pakhtunkhwa Assembly. PTI had initially approached the court in pursuit of securing these seats and integrating independent candidates into the party. Emphasizing PTI’s stance, the petition underscored the party’s entitlement to specific seats, asserting that the Supreme Court holds the authority to delist parties, not the Election Commission. However, in light of the Ittehad with the Sunni Ittehad Council, PTI has opted to withdraw the case. The Sunni Ittehad Council, meanwhile, has also petitioned the Election Commission for specific seats, further highlighting the evolving political landscape in Khyber Pakhtunkhwa. This development comes as PTI solidifies its collaboration with independent candidates and seeks to bolster its position in the aftermath of the general elections.

against electricity theft is not being conducted under regular procedures. He said that action against electricity thieves is not being done under sustainable method. He said there is no system of FIR, there is no way to cut the meter and collect the bill in case of electricity theft.

Senator Azam Nazeer Tarar stated that legislation will have to be made to block identity cards of electricity thieves.

The Managing Director (MD), NESPAK provided a detailed briefing on DTLP (Lot-I by M/s Sinohydro Corporation Limited), DTLP (Lot-II by M/s Harbin Electric International), DTLP (Consultant Hiring by M/s GOPA Intec), and ADB-4018-2022 (M/s Newage Cables Lahore). Additionally, he discussed the pre-qualification matter with Lot-I by M/s Sinohydro Corporation Limited thoroughly. Additionally, the Managing Director of NESPAK also provided a detailed presentation on the consultancy and progress of all NESPAK projects.

The Minister for Energy (Power Division) added that the World Bank, being the donor agency, has the right to set the framework for changes, emphasizing that there was complete transparency and no malicious action from their end. He also clarified the allegations faced by M/s

Harbin Electric International, stating that the accusations were false. The Committee expressed satisfaction with the working of the Power Division. Regarding the restoration of electricity in Mirani Dam Feeder Dasht, District Kech, the Power Division explained that the system had deteriorated due to floods and emphasized the necessity of local support, as 80% of the inefficiency is attributed to a lack of financial resources and law enforcement support.

The Chairman Committee Senator Azam Nazeer Tarar assured the ministry of his support and recommended writing letter to the provincial government of Balochistan to facilitate the supply of electricity in the area.

The meeting was attended by Senator Bahramand Khan Tangi, Senator Haji Hidayatullah Khan, Senator Saifullah Sarwar Khan Nyazee, Senator Sana Jamali, Minister for Energy (Power Division), Asad Rehman Gillani, Secretary, Power Division, Muhammad Zargham Eshaq Khan, Managing Director (MD), National Engineering Services Pakistan (Pvt) Limited (NESPAK) and senior officials from the Ministry of Energy (Power Division), Ministry of Finance, K-Electric, Quetta Supply Electric Company (QESCO), and NTDC (National Transmission & Despatch Company).

PML-N, PPP clinch power-sharing deal to form next government CONTINUED FROM PAGE 01

Shehbaz underscored that the coalition represented a blend of youth and experience, forming a potent force united in the pursuit of a better Pakistan.

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari has announced a pivotal step towards addressing the challenges facing Pakistan, stating that the PPP and Pakistan Muslim League-Nawaz (PML-N) are joining forces to establish a new government at the Centre.

In a joint news conference held on Tuesday night, Bilawal affirmed that PML-N President Shehbaz Sharif is set to assume the role of Prime Minister once more, while PPP co-chairman is slated to become President.

Addressing the press alongside Shehbaz Sharif, Asif Ali Zardari, Ishaq Dar, and other leaders from both parties, Bilawal emphasised the urgent need to tackle the nation’s crises collectively.

“Every Pakistani is facing challenges, and it is our responsibility to navigate through these difficulties with the strength bestowed upon us by Allah,” he remarked.

Bilawal expressed gratitude for the diligent efforts of the joint committees comprising members from both PPP and PML-N. He conveyed his satisfaction that these committees have effectively completed the necessary groundwork, ensuring that the coalition has secured the required numbers to

proceed with forming a government.

“For the upcoming presidential election, we express our gratitude to PML-N for their support towards our candidate, who will be Zardari. Together, we will unite in the fight against the prevailing crises, with the aim of fulfilling the hopes and aspirations of the Pakistani people. I extend my heartfelt thanks to Shehbaz Sharif and his entire team for their collaboration,” stated Bilawal.

Bilawal on the occasion thanked the PML-N for supporting his father Asif Ali Zardari as the next president. Bilawal has said that PML-N President Shehbaz Sharif will again be the next prime minister.

PPP Chairman Bilawal Bhutto-Zardari said the numbers of the party with the PML-N to form the next government are now complete and they are in a position to do so now. Bilawal said the details of the sharing of key constitutional offices between the PPP and PML-N will come at a later date.

Bilawal also expressed hope that the news of the political alliance with the PML-N to form a coalition government will lead to a positive response from the markets.

Marriyum Aurangzeb, the PML-N Information Secretary, officially initially broke the news, terming the deal as “historic accord has been sealed”, stating, “Government formation agreement has been reached between the two parties.”

Chinese water-saving facilities shipped to Pakistan for smart farm project TIANJIN

staff report

The first batch of equipment for the Million Acres of green Pakistan Smart Farm Project participated by Chinese water-saving industry leader, Tianjin Dayu Irrigation Group, has been packed and delivered, Gwadar Pro reported on Tuesday.

The batch of intelligent water and fertilizer integrated irrigation equipment covering a farmland area of 2,000 hectares will be used for the planting and irrigation of wheat, cotton, tomatoes, corn and other crops, providing vital technical support for the construction of smart farms in Pakistan.

On July 7, 2023, then prime minister Shehbaz Sharif launched the LIMS (Land Information and Management

System) initiative, which aims to promote modern agricultural development, improve agricultural productivity and meet the food needs of Pakistan’s growing population through the application of advanced technology and modern irrigation systems, among which the Million Acres of Green Pakistan Smart Farm Project as a response to and support for this initiative.

“Agriculture is Pakistan’s pillar industry. The world’s most advanced technology will help us increase production. It can not only be as self-use, but will also be of great help to our food exports in the future.

At the same time, Dayu Group has also made considerable achievements in flood prevention, disaster early warning, rural sewage treatment, and so on. We hope to cooperate closely with Dayu in

multiple dimensions,” said Ghulam Qadir, Pakistan’s Commercial Counselor in China.

Cui Jing, senior vice president of Dayu Group, echoed that Pakistani partners are very interested in Dayu’s rural sewage treatment project in Tianjin and farmer drinking water safety project in Ningxia.

Ad powered by advergic.com “If this cooperation is successful, these two types of projects will also be introduced to Pakistan. Beyond doubt, our prospects for future cooperation are very broad.”

Pakistan suffers from chronic water shortages. In addition to residential water, the country devotes almost threequarters of its water supply to cultivating its water-intensive crops: approximately 23 percent for wheat, 21 percent for rice,

19 percent for sugar cane, and 14 percent for cotton especially, which supports Pakistan’s pillar textile industry, requires a large amount of water to maintain its long growth cycle as a water-loving crop.

In the meantime, northern metropolis Tianjin is a resource-based water-scarce city, where has focused on promoting green manufacturing and forming a water-saving model for the entire industry chain from water sources to processes to products in past few years.

This bilateral cooperation focuses on long-term development to gradually transfer the mature management experience of “tridimensional water management” of agricultural water conservation, safe drinking water for farmers, and rural sewage treatment to Belt and Road partners including Pakistan.

nEws

03

SHC directs immediate removal of obscene contents from social media KARACHI

staff report

The Sindh High Court (SHC) has directed the authorities concerned for immediate removal of obscene content from social media. Chief Justice Sindh High Court, Aqeel Abbasi on Tuesday heard the petition against obscene content on social media, during which the petitioner’s lawyer in his arguments said that obscenity was being promoted in the name of family v logging. During the hearing, PTA’s counsel told the court that PTA does not have the authority to remove content on Facebook, YouTube or any other website, and to remove objectionable content, it has to write to the concerned authorities. Meanwhile, PTA’s counsel sought time to submit the reply, on which the court said that obscene content should be removed from Facebook, Tik Tok and other apps, whatever the order, the orders should be fully implemented and objectionable contents from all websites should be removed. The SHC ordered to take immediate action against immoral content on social media and to prepare a complete chart and submit a report.

Ali Zafar demands production order of Senator Ejaz Chaudhry ISLAMABAD

staff report

Senator Ali Zafar ignited a fiery debate in the Senate as he presented a resolution demanding the production order of Senator Ejaz Chaudhry, amidst allegations of election malpractice and unfair treatment towards PTI leaders. Addressing the Senate on Tuesday, Senator Ali Zafar voiced concerns over what he perceived as injustice against PTI leaders following the recent elections. He highlighted instances of arrests and restrictions on rallies, lamenting the alleged theft of the people’s mandate and calling attention to the stifling of media coverage and communication channels. Warning of dire consequences if electoral grievances remain unaddressed, Zafar underscored the potential for widespread unrest should the legitimacy of the mandate be disregarded. Meanwhile, Senator Mushtaq Ahmed echoed Zafar’s sentiments, demanding the resignation of the Chief Election Commissioner over allegations of incompetence and bias. Ahmed criticized the Election Commission for purportedly failing to ensure transparent elections and accused it of facilitating a “fake government” through fraudulent practices.

Veto power countries behind UNSC’s failure to establish peace in Gaza, Ukraine: Pakistan UKRAINE

staff report

Pakistan’s Permanent Representative to the United Nations Munir Akram has held the states having veto power responsible for the UN Security Council (UNSC)’s failure to establish peace in Ukraine and Gaza. Akram on Monday said there were some advantages and disadvantages of permanent membership of the UNSC as the permanent members could paralyse the Security Council using veto power.

“We are trying to curtail the veto power of the permanent members,” the Pakistani envoy said adding that there was no point in adding new permanent members to the UNSC. Urging for more nonpermanent elected seats in the council, the Pakistani diplomat said that the UNSC should comprise 27 members with a majority of developing nations. Five UNSC permanent members have veto power including China, France, Russia, the UK and USA. These countries have vetoed resolutions hundreds of times with Russia using the power 125 times and the US 82 times. Meanwhile, the UNSC is likely to vote on Tuesday (today) on an Algerian push for the 15member body to demand an immediate humanitarian ceasefire in the Israel-Hamas war, said diplomats, a move the United States signaled it would veto.

Revenue collection by FBR increased by 30% during first 8 months of FY24, is that a good thing?

CONTINUED FROM BACK PAGE

It is also important to note that a 16% growth from FY23 is also not a great feat since a major part of FY23 was spent in a heavy balance of payments, and subsequently a heavy import restriction. This is apparent by the fact that the growth in customs duties fell between FY22 and FY23, showing negative growth. The same figure of growth between FY21 and FY22 stood at above 35%.

There is also a shifting trend in revenue mobilization which needs to be addressed. The domestic tax collection now accounts for over 64% of the total revenues collected during the current financial year. This represents a significant increase from just three years ago when import taxes constituted more than 50% of total revenues. What does this mean? This means that the brunt of the fiscal burden is being lifted by the domestic economy. Another major reason is the decrease in trade over the past few years owing to bad economic conditions. The major contributors to tax revenues include banks, petroleum and oil companies, power sector, food industry, textile industry and various services. Similarly, industries such as petroleum, power, food, automobiles, iron and steel, and chemicals have significantly contributed to sales tax revenues. The majority of these industries are categorized in the essential goods and services sector. The table above reveals a number of things, apart from FBR’s heavy reliance on direct taxes on essentials such as power and petroleum, the board has been unable to increase the taxation on customs be it on imports or exports. It showcases the current situation of the country where the country is set to hike the taxes on power once again, overlooking the average citizen’s problems. This begs the question, whether this increase of 30% is a success or not?

04 COMMENT

The taqleed wars

Wednesday, 21 February, 2024

From PTI to SIC

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PTI decision will give it reserved seats

HE PTI’s decision to join the Sunni Ittehad Council in the Centre, Punjab and Khyber Pakhtoonkhwa will give it the reserved seats it is supposed to get, but it raises questions about whether the PTI wants to link itself to a party which is not just religious, but has a sectarian foundation. The SIC was founded in 2009 by Sahibzada Fazal Karim, the father of the present President, Sahibzada Hamid Raza, as an umbrella organization of Barelvi parties to protest the American attacks on the Salala checkpost. Though the SIC was firmly against militancy in Afghanistan, it played a significant role in the Tehreek Labbaik Pakistan’s Long March in favour of Mumtaz Qadri, the policeman who had assassinated Punjb Governor Salman Taseer. He had at one time been a PML(N) MPA, and later a PMLN) MNA. His son Hamid Raza has been elected as an independent, though he has now claimed the SIC affiliation, and will welcome the accession of strength. Including him, SIC had not put up any candidates for this election. However, now, he has said, the SIC will form governments in Punjab and KP, as well as the Centre.

That is a turn of events that was not really expected, that the contenders for power would be the PML(N) and the SIC. It must be noted that both the Sharif family and Imran Khan are Brelvi by affiliation. However, that has not prevented both from extending their appeal to other sects. The PTI is probably more involved in this at present, for the Majlis Wahdatul Muslimeen supports it. That is a Shia party, but the PML(N) is in cahoots with the JUI(F), which is a Deobandi party. The PPP stands alone as a secular party not allied to any religious party. The SIC is promising total obedience to PTI Chairman Imran Khan, but it remains to be seen what happens when it finds itself at the head of the largest parties in three Houses.

However, there are still reverberations from the rigging allegations. The PTI wants to bring other affected parties onto the same platform, so as to protest the supposed rigging. Considering that some of them, like the GDA and the JUI(F), are still PML(N) allies, it only shows that becoming the SIC has made the PTI want a return to the politics of government formation.

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Their past, present and future

HasaN aFTab saeeD

common ingredient in most controversies that persist in defying resolution is viewing today’s problems in light of past circumstances or considering yesteryears’ issues (and their solutions) in today’s settings. The issue of taqleed is no exception. There is no dearth, therefore, of those who wonder how dense one has to be in order to acquiesce to a framework that makes it mandatory to follow blindly and exclusively the opinion of one school of thought, howsoever lacking in sense it may be. Large though this group is, it is outnumbered by those who wonder how somebody can be foolish enough to insist on reinventing every wheel by opining anew on all issues that were settled long ago.

The fact of the matter is that the issue of taqleed is a whole different animal today than it used to be in the bygone centuries. Therefore, it follows directly that the sensible position on the issue today would be very different from the sensible position on it in an earlier day and age. If only this is appreciated, along with the always crucial question of the subject– in this case, the individual that is supposed to shun or rely on taqleed– then it can be readily seen that there is much more trouble surrounding the issue than there needs to be.

The sensible position today, and at all times in the past, is that while scholars are not supposed to depend on taqleed (they must form their opinions from original sources instead), the layman possesses neither the competence nor the time to consider every question from first principles. The latter therefore has no option but to rely on the opinion of the scholar(s) he trusts. The proper conduct for him in religious matters then is no different from how he acts when it is a legal or a medical problem he is facing: namely, seeking the opinion of an expert or experts (in case he is not satisfied with one opinion). This is how matters stood in the first few generations after the Prophet (peace be upon him).

The uncompromising position that one must stick exclusively to one jurisprudence school is of later vintage. And it is in this meaning that the term taqleed has come to mean, as opposed to its original meaning of a man accepting and following the opinion of a scholar without critiquing it himself. This requirement to confine oneself to one school causes no end of trouble and unnecessary friction today, but it has its roots in a perfectly legitimate need, although few moderns are informed enough to appreciate this today.

As the Islamic state suddenly expanded 14 centuries ago, a uniform code of law for nearby lands as well as those far away from the centre, became more and more necessary. Since it was the religious scholars who doubled as judges in the Islamic state,

Dedicated to the legacy of late Hameed Nizami

Arif Nizami (Late) Founding Editor

administratively it made sense for all judges to conform to one code, lest there be differing verdicts on the same issue depending on the judge. Historically, it so happened that those in power first embraced and patronized the Hanafi school (later, the other schools also won acceptance in various periods and geographies). It only made sense for the public to know and conform to the particular school according to which the state judges were going to judge.

This was nothing more than an administrative decision, absolutely not a religious one as many continue to believe to this day.

Those among the masses who do not appreciate this distinction are guilty of using, in a derogatory manner, the label ‘ghair muqallid’ for those who reject taqleed. There are also those who do it while they know full well, but they are generally among the leaders who do it for some ulterior motive. Mala fide can never be ruled out when it comes to the leaders of any group of men.

Those, on the other hand, who call themselves Salafis or Ahl-al-Hadees, insist on relying on prophetic narrations in contrast to the opinion of jurists; referring to the first group, often derogatorily so, as Ahl-al-rai (people of opinion). This position appears extremely sound, for what could be a better guide than reports of the words and actions of the

Babar Nizami Editor Profit

The secret is getting organized

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Washington Watch Dr James J Zogby

HIS past weekend, I was supposed to travel to Chicago for the Arab American Democratic Club’s annual candidates’ brunch. Illness prevented my travel. Instead, I’m writing what I was going to say in my keynote remarks, hoping that it will help both younger and older Arab Americans better understand how much has changed for the community over the past four decades.

When it became clear how unrelenting Israel’s assault on Gaza would be, many in my age cohort had a bit of PTSD. We recalled the pain, dread, and powerlessness we felt in 1982 during Israel’s invasion and bombardment of Lebanon, culminating in its brutal entry into West Beirut.

Today the pain and dread are the same, and the loss of life equally horrific and devastating.

But in one important regard 2024 is quite different from 1982. We don’t feel as powerless— for three important reasons. First, during the intervening four decades, Arab Americans have become empowered and recognized as an important political constituency. As a result, Arab Americans have developed allies among other critical political constituencies. And finally, a new generation of Arab Americans have become emboldened and skilled in coalitionbuilding and direct political action.

While there is still pain and dread, powerlessness has given way to protest and political

engagement. This story can best be told by Arab American progress in three cities: Chicago IL, Dearborn MI, and Paterson NJ. Chicago is home to the US’s largest Palestinian community. Overall, Arab Americans make up as much as four to five percent of the city’s electorate. When the first Arab American Democratic Club was launched in the 1980s, we struggled to get the 20 members needed for a charter. Because of persistent anti-Arab bias, only a handful of candidates for public office would come to events seeking the community’s support. This has changed. For several years now, the Club’s annual brunch has been on the to-do list of the city’s political leaders— evidence of the growing political clout and savvy of the Arab community. This and similar events hosted by other Chicago-based Arab American political groups now draw practically every candidate for public office.

Currently, there is one Arab American serving in the state’s assembly with another poised to be elected in the fall.

As the magnitude of Israel’s bombing and ethnic cleansing became evident, demonstrations sprang up around the city, with young Arab Americans joining progressive Jewish, Muslim, and Black activists to push back. They also worked together to pass a City Council resolution calling for a ceasefire in Gaza, which was resoundingly endorsed by Chicago’s mayor. And three of the city’s members of Congress have taken the lead in endorsing a congressional bill calling for a ceasefire.

Southeast Michigan, which includes Detroit, Dearborn, and surrounding communities, has the largest Arab population of any similar area in the USA. Four decades ago, the candidate campaigning for mayor of Dearborn ran on the platform of what to do about the “Arab Problem.” He said that Arab immigrants didn’t share our values and “were ruining our darn good way of life.”

Today, Arabs are more than half of Dearborn’s population. The mayor is Arab American, as is a majority of city council, the state representative, the police chief, and a number of other local elected officials. Detroit, Dearborn, and other southeast Michigan municipalities have passed ceasefire-in-Gaza resolutions.

Michigan’s Arab American population is so large and well organized that they can be the margin of victory or defeat in a close presidential election. That is why the Biden Administration has sent White House and Biden campaign delegations to meet with the community. Several of these meetings had to be cancelled because the politically mature local community understands the difference between politics and policy.

What Michigan’s Arab American leaders, including elected officials, are doing now is encouraging community members to vote “uncommitted” in the state’s Democratic primary on February 27th. If enough do so, it will send a clear message that the community’s votes matter and they must be earned.

While the problems faced by Paterson NJ’s Arab Americans were the same as those faced by the communities in Chicago and Dearborn, their progress is even more substantial. Paterson has the largest per capita Palestinian population in the USA— almost seven percent of Paterson is Palestinian American. Forty years ago Paterson’s Arab community was not fully politically engaged. That has changed.

On Presidents’ Day, Paterson’s mayor, an Arab American, and the members of the city council, will host a press event appealing to Biden to call for an immediate ceasefire in Gaza. This builds on ceasefire resolutions passed by Paterson and two other nearby communities and the historic decision a few years back to rename Paterson’s Main Street. It is now called “Palestine Way.” And Paterson is a Sister City to Ramallah, Palestine.

In these three cities, the Arab American communities are large, politically engaged, and in addition to being committed to making their cities safer and more prosperous, they are also demanding that their concerns be respected by Congress and the President.

So what makes this year different from 1982? Quite simply it’s that Arab Americans have greater capacity, more allies, respect, and political power, and we’re using them to make our voices heard.

Dr James J Zogby is President, Arab American Institute.

Editor’s mail

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

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

Income disparity in Pakistan

IN the heart of Pakistan, a silent storm brews, caused by economic inequalities rather than natural forces. This land, rich in culture and history, is today seeing a deepening divide, an income disparity that not only defines the lives of its people but also dictates their destiny. This story of inequality is more than just a statistic; it is a narrative of conflicting reality.

Imagine walking through the centre of Lahore, where dazzling malls and fancy cars reflect the affluence of a few people. Beyond these magnificent emblems lies a different reality. In the narrow and shadowed passageways, families struggle with poverty, their hopes diminishing beneath the weight of economic inequity. The streets of Karachi, bustling with energy, hide beneath them the shadows of disparity. This disparity is not a coincidence; it reflects a severely impaired system.

The situation is significantly worse in rural areas. The core of Pakistan’s agricultural industry, small farmers, confront constant obstacles like outdated technology, poor infrastructure, and restricted market access. Their suffering is routinely disregarded, and the roar of urban expansion muffles their voices. The figures are dismal and instructive. According to current figures, Pakistan’s richest 10% own about 40% of the total wealth, while the bottom 40% live on a meagre 17%. This gap is more than simply numbers on a page; it represents millions of people trapped in a cycle of poverty, denied basic human rights and opportunities. This discrepancy has multiple causes, including decades of political unrest, uneven economic policies, and a poor educational system. The children of the wealthy receive world-class education in top schools, preparing them for prominent universities and high-paying employment. In stark contrast, millions of children from lowincome households are denied even basic schooling, stifling their potential from the beginning. This inequity is further aggravated by the shadow of corruption. The wealth gap grows as a result of opportunities and resources that are frequently misdirected or diverted by unethical behaviour.

Resources intended for development and reducing poverty seldom reach those in need, owing to a lack of democratic oversight and accountability.

ALI ASHIQ SINDHU LAHORE

National humiliation

AS a concerned and law-abiding citizen, I am pained by the recent happenings in the country. Watching media coverage of the general elections and the frenzy on the social media is not an experience I will like to have again. As things stand, anti-Pakistan forces are always ready to start bashing once a loophole is made available, and, for some completely incomprehensible reasons, we, the people, and our leaders continue to provide such elements enough ground to carry on with their nefarious agendas.

ALI ASHRAF KHAN KARACHI

Service road

So what makes this year different from 1982? Quite simply itÊs that Arab Americans have greater capacity, more allies, respect, and political power, and weÊre using them to make our voices heard Lahore – Ph: 042-36300938, 042-36375965

The author is a connoisseur of music, literature, and food (but not drinks). He can be reached at www.facebook.com/hasanaftabsaeed

Both the Salafi and the Jurist sides claim (as do all Muslims) that the Quran occupies the central, governing and overruling position in their understanding of religion. The facts unfortunately indicate otherwise. For this whole taqleed issue (along with a host of other issues) would have been seen differently and hence resolved long ago had that been the case. What is more, there is no indication of things changing for the better any time soon.

1982 versus 2024: A tale of three cities M. A. Niazi

Editor Pakistan Today

Prophet (peace be upon him) to understand the Quran and the religion in general? As a motto therefore, it sounds impeccable, but only until it is subjected to closer scrutiny. The shortcoming of this literalist approach is that, whether right or wrong on any given issue, the jurisprudence schools at least consider every issue inside a framework. Hence, there is some sort of coherence and consistency in their respective systems. In contrast, no such coherence can be expected from the Ahl-al-Hadees who consider every issue in isolation or on a case-by-case basis relying on scattered narrations that seldom come with their complete context and that are even more rarely reported verbatim.

Both the Salafi and the Jurist sides claim (as do all Muslims) that the Quran occupies the central, governing and overruling position in their understanding of religion. The facts unfortunately indicate otherwise. For this whole taqleed issue (along with a host of other issues) would have been seen differently and hence resolved long ago had that been the case. What is more, there is no indication of things changing for the better any time soon.

I

Karachi – Ph: 021-32640318 I

Islamabad – Ph: 051-2204545

I

THE Sukkur Bypass, which does not have a service road, poses a heightened risk of accidents and congestion. Just about every day, there are road accidents. Vehicles attempting a direct entry to or exit from the highway indulge in unsafe tactics, leading to collisions and traffic disruptions.

Introducing a service road in the area will not only offer people a safer access to the highway, but will also mitigate all the relevant issues. It will improve traffic management, reduce delays in emergency times, and ensure swift assistance in critical situations. Minimising the risk of accidents, alleviating congestion, promoting economic activity, and enhancing the safety and efficiency of the entire highway system should be the target.

MUNEER AHMED SUKKUR

Web: www.pakistantoday.com.pk

I

Email: editorial@pakistantoday.com.pk

COMMENT 05

Out-of-School children can be ignored no more Wednesday, 21 February, 2024

Children can be brought back by making schools offer missing facilities

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m ilyas KalHoro

HEN I visited the USA a few months ago to participate in the Teaching Excellence and Achievement (TEA) program, a training program for Pakistani educators, sponsored by the US Department of State, I saw no child of schoolgoing age in a street or at any other place during schooltime. The children there are enrolled in schools and regularly go to schools.

All children in the USA are entitled to a basic public elementary and secondary education regardless of race, colour, or national origin. The school districts there are legally bound not to deny admission even to a child whose parents are not US citizens or who have undocumented immigration status.

These provisions of the federal act seem to have been successfully implemented to a considerable extent.

The situation in Pakistan is different. According to Article 25A of the Constitution, it is the state’s responsibility to provide free education to children aged between 5 to 16.

The state has failed to effectively fulfil this obligation. Based on UNICEF data, Pakistan has the world’s second-highest number of out-of-school children with an estimated 22.8 million ged 5-16 not attending school, representing 44 per cent of this age group. recent reports indicate that the number of OOSC in Pakistan has reached 28 million.

Even in Islamabad, the Federal Capital, A staggering 83,000 OOSC. In a report of Pakistan Institute of Development Economics (PIDE), titled “Primary School Literacy: A Case Study of the Educate a Child Initiative”, released in March 2022, “Pakistan has never provided a chance approximately to 1 in 4 (23.45 percent) children of ever attend-

ing school while around seven percent had enrolled and dropped out in every year.”

The urgency is to figure out what are the factors that prevent enrolment of children in school or that make parents or guardians to discontinue the education of their children by making them drop out of the school. The first notable factor is poverty. According to the World Bank 39.4% of the population of Pakistan, that means about 95 million people, live in poverty. The poverty-stricken parents fail to bear the expenditures of education of their children, and hence don’t enrol their children in schools or discontinue their education. A large number of the parents want their children to contribute to the income of their families, and hence involve them in child labour. About 3.3 million children are engaged in child labour in Pakistan.

Inadequate availability of basic facilities in schools is also a considerable cause. Discussing educational infrastructure in Sindh province, a report was released by the Reform Support Unit, a subsidiary institution of the Sindh Education and Literacy Department, in February 2021. The report mentions that out of 49,103 government Schools in Sindh, more than 31,000 don’t have electricity, 19,469 a washroom, 26,260 drinking water and more than 21,000 are without four walls. These missing amenities deter students from going to school.

The patriarchal setup in society, coupled with the lack of awareness in parents, has also a role in keeping girls away from school. Parents mostly in rural areas prefer the education of their sons over that of daughters. This discriminatory approach in-

creases the number of female students in total OOSC in Pakistan. The conservative mindset of people also stops them from enrolling their daughters in schools.

The issue of honour is attached to daughters. For such families sending daughters outside the home becomes a matter of shame in their neighbourhood and among relatives. The security factor can not be overlooked here. Schools being far from homes, lack of transport facilities, perceived unsafe environment outside home especially for girls, and unavailability or shortage of female teachers, drive the parents not to send their daughters to schools.

Natural disasters and influx of migrants, by adding to the higher dropout rates, are also causes of increasing numbers of OOSC in Pakistan. The earthquake of 2005 destroyed 3669 educational institutes in the Hazara division, the floods of 2010 badly affected 16,400 schools in Pakistan and those of 2022 also damaged thousands of schools both in Sindh and Balochistan. The education of students suffered due to these natural calamities and many of them did not return to school when things grew normal.

Most of the OOSC in Pakistan originate from transient communities that migrate to other areas where they lack food and housing. During the 2008-10 conflict in KP, approximately 3.35 million people were displaced internally, 60 percent children.

Most of these IDPs stayed with hosts, and local schools could not accommodate the huge influx of children.

The neglect of early childhood education for children aged three-to-five also forms a

Introducing early childhood education programmes can provide childcare facilities for working mothers while ensuring early integration into the school system, limiting exposure to the streets, begging, and related activities. Taking measures to eradicate corporal punishment from educational institutions.

The war on Gaza is also an Israeli drive to seize Palestinian gas reserves

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The Levant gas field includes the shores of historic Palestine (Israel and Gaza), Syria, Lebanon and, on the opposite side, the island of Cyprus. This field is estimated to contain about 122 trillion cubic feet of natural gas

MIDDLE EAST EYE WaliD abuHelal

HE terrifying scale of the destruction Israel’s war machine has wrought in Gaza indicates that the goal of this onslaught is not merely to destroy Hamas. Rather, we can infer that this aggression has been a long time coming, as Israel waited for an opportune time to unleash its full military force against the besieged Palestinian territory.

Some have argued that Israel’s goal is to push the population of Gaza into the Sinai, and the 7 October Hamas attack provided a pretext for this operation to begin in earnest. Zionism as an ideology is based on the displacement of landowners through intimidation and cutting off vital infrastructure, paving the way for Israeli settlers to move in. But there is another, more important reason behind Israel’s current war: the promising natural gas wealth found in the Eastern Mediterranean, specifically off the coast of Gaza.

The Levant gas field includes the shores of historic Palestine (Israel and Gaza), Syria, Lebanon and, on the opposite side, the island of Cyprus. This field is estimated to contain about 122 trillion cubic feet of natural gas.

As for the Palestinian shores of Gaza, British Gas confirmed in 1999 that the reserves in Gaza Marine are estimated at 1.1 trillion cubic feet of natural gas. That same year, the Palestinian Authority granted British Gas a 25-year contract to exploit the Gaza Marine natural gas field. Until now, after 25 years, the Palestinians have never benefited from it. This is due to the obstacles that Israel placed under many pretexts, including for example the fear that the revenues will go to “finance terrorism” against Israel.

Several Israeli governments from Ehud Barak to Benjamin Netanyahu have given approval to the Palestinians on several occasions to begin exploiting the Gaza Marine. However, every time Israel retracted its approval.

It is obvious Israel is keen not to give the Palestinians any sense of sovereignty over their land or territorial waters, which is further evidence of Israel’s premeditated intentions to displace the Palestinians from their historical lands and confiscate their natural resources.

In addition to Gaza’s natural gas, it is worth pointing out that Israel is stealing Palestinian natural gas from the Meged oil and gas field in the occupied West Bank under the pretext that the field is located to the west of the armistice line of 1948.

EXPANSIONIST POLICIES: While Israel has never been serious about the socalled peace process or the Palestinian right to independence and self-determination, Netanyahu has taken an exceptionally hard line. The state’s longest-serving leader chose the path of “economic peace”, which entails slight improvements to the economic conditions of Palestinians living under occupation in order to quell resistance. At the same time, he has focused on mega-projects tailored primarily to benefit Israelis, while potentially offering secondary benefits to the Arab population. In this regard, he has focused on two main areas: transforming Israel into a gateway and corridor linking East and West, and making the state a global centre for natural gas exports.

On the first goal, the centrepiece is the planned India-Middle East-Europe Economic Corridor (Imec), which will connect India with Europe via the Gulf and Israel.

In addition, amid the ongoing risk of attacks in the Red Sea, Egypt and the UAE have worked with Israel to establish an alternative land route via Saudi Arabia and Jordan to bypass the Yemeni threat. As for the second goal, Israel has made significant efforts to conclude gas deals with Cyprus, Greece and Egypt.

But Israel’s plans and ambitions in this regard will not be complete unless it confiscates Gaza’s gas reserves. Netanyahu has made clear his intentions to bypass the aspirations of the Palestinian people, having noted last year that “they should be part of the [peace] process, but they should not have a veto over the process”.

POST-WAR SCENARIOS: Israel’s desire to seize Gaza’s gas can partially explain Netanyahu’s intransigence when it comes to ceasefire initiatives, as this project hinges on Israel maintaining security control over the territory and expelling the Palestinian population. Israeli ministers have spoken openly about these goals since the start of the war.

Among the evidence that proves the validity of this analysis are two important matters. First, it is surprising that Israel has granted licences to three companies to explore for natural gas in the marine area off the shores of Israel and Gaza.

This Israeli move confirms what we stated previously about Israel’s deliberate intention to steal the Palestinians’ natural gas wealth, reasoning that Gaza (Palestine) is not a sovereign state and therefore has no right to demand sovereignty over the Special Economic Zone according to the Law of the Sea (Unclos), although Palestine has been accepted as an observer member of the UN in 2012.

Israel has not yet signed the UN Convention on the Sea, and has not even demarcated its maritime borders. It should be noted here that Lebanon has insisted on demarcating the

maritime borders with Israel in order to guarantee that Lebanon’s natural gas is not being stolen by the occupying state.

The second matter is the document prepared by the Israeli Ministry of Intelligence less than a week after operation Al-Aqsa flood, which basically identified three options for the situation of the Palestinians in Gaza after the war.

Option A: The population remaining in Gaza under Palestinian Authority rule. Option B: The population remaining in Gaza along with the emergence of a local (nonHamas) Arab authority. Option C: The evacuation of the civilian population from Gaza to Sinai.

The document points out that option C is the most favourable one for Israel and it is executable, according to the document, all that is needed is the determination in the face of the international pressure with an emphasis on harnessing the support of the US and other pro-Israel governments.

NO UNIFIED LEADERSHIP: Israel is aware of the enormous amount of political support it enjoys from the West in Europe and the United States.

These actors just participated in the latest Munich Security Conference whose main focus was on the normalisation between Israel and Arab states by expanding the Abraham Accords, the Imec Corridor, as well as the “threat” posed by Iran and its allies. In other words, the conference focused on Israel’s concerns while there was no sincere discussion about 75 years of Palestinian suffering.

Because there has been no strong, unified Palestinian leadership since the Oslo Accords, Israel has for decades enjoyed the freedom to implement its expansionist, settler-colonial policies in the absence of significant Palestinian opposition. But the attack by Hamas on 7 October shattered this illusion.

Israel views Hamas and all Palestinian resistance groups as a bottleneck to its greater regional ambitions, most notably the seizure of Gaza’s natural gas wealth.

The shocking breakout by Hamas on 7 October underscored the difficulties that Israel faces in attempting to impose its agenda on the region. The armed group has thus far refused to hand over the remaining Israeli hostages, holding out for a deal that would end the war and facilitate the reconstruction of Gaza.

Ultimately, the goal of an independent Palestinian state - or at least one in which Palestinians can control their own natural resources - is attainable, but first they must withstand Israel’s onslaught in Rafah. This could be Israel’s last chance to displace the Palestinian population of Gaza.

Walid Abuhelal is an economist and researcher of Arab economic affairs who has held various senior posts in the private sector in Jordan and Saudi Arabia.

major cause. Not enrolling the children of this age group in schools drives them into activities that divert them from education later.

They become accustomed to street life and remain unfamiliar with school settings, making bringing them into schools a challenge.

Another important cause is corporal punishment in schools. On remaining absent from school for one or more days, children know they will be punished by their teachers if they go to school. Here the inappropriate attitude of teachers with the parents accompanying students to talk to them about the absence of their children from the school also exacerbates the situation.

The repeated practice of remaining absent from school, reluctance of parents to bring their children to school and bear harsh words from their teacher, and fear of getting corporal punishment in students make children not go to school and ultimately make them leave going to school forever.

There is a need to adopt a comprehensive approach to the issue of OOSC. Enrolling more and more children in schools overlooking the provision of basic facilities in schools, not increasing the number of teachers and schools and certain other things will further worsen the already declining standards of education. So, the solution should not be just enrolling OOSC, rather it should be to prevent them from becoming OOSC in the first place.

Students should be provided certain incentives, like some stipend, that prevent them from indulging themselves in child labour and dropping out from the school. With the help of print, electronic and social media and by conducting seminars in rural areas, where school enrollment and retention rates are low, parents should be enlightened of the importance of education, especially of girls’ educa-

tion. To remove security issues from the minds of parents, especially as regards to their daughters, schools should be established in such areas where students have not to go too far to attend the school and there should be police checkposts in areas where these are not available. Also recruiting more and more female teachers to teach girls will make a difference as parents in some parts hesitate to send their daughters to schools where male teachers teach.

Schools should be sufficiently provided with basic facilities, like electricity, drinking water, washrooms and four walls. In case of damage caused to educational infrastructure by natural calamities, there should be a rapid disaster management response from the provincial or local government where the calamity occurs in order to timely recover the loss. And new facilities should be developed on priority basis to impart education to the children of IDPs wherever they live.

Introducing early childhood education programmes can provide childcare facilities for working mothers while ensuring early integration into the school system, limiting exposure to the streets, begging, and related activities. Taking measures to eradicate corporal punishment from educational institutions, reducing the burden of school work on children as they have to study eight subjects in a particular class which gives them less time to indulge themselves in fun activities, and training teachers on how to constructively persuade parents to ensure the attendance of their children in school will also help a lot in saving children from becoming OOSC.

Resistance groups are not pawns

The writer is an educator and can be reached at m.ilyas.kalhoro.mi@gmail.com

To brand these Resistance groups as mere pawns in Iran’s geopolitical chess game is to grossly misrepresent the complex tapestry of allegiances and motivations that underpin their actions

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TEHRAN TIMES

meHraN sHamsuDDiN

HE whirlwind of recent headlines from The Washington Post and Reuters have taken center stage, where they have thrust into the spotlight audacious claims about Iran’s alleged influence over regional Resistance groups.

The narrative unfolds dramatically, suggesting that, in a calculated response to the specter of a broader conflict, Iran has purportedly pressed these groups to momentarily suspend their assaults on U.S. troops.

Unraveling the complexity of these weighty claims requires a discerning eye, inviting us to plunge into the intricate dynamics that define the ties between Tehran and a diverse array of Resistance groups.

However, it is crucial to dispel the notion that Tehran holds sway over every move made by these factions – a claim which is as naive as it is erroneous.

To brand these Resistance groups as mere pawns in Iran’s geopolitical chess game is to grossly misrepresent the complex tapestry of allegiances and motivations that underpin their actions.

These entities, while their interests may occasionally align with Tehran’s, operate with a degree of autonomy that cannot be overlooked. The portrayal of them as proxies serves to oversimplify the intricate dynamics at play and undermines their agency as independent actors on the regional stage, a fact that the U.S. is undoubtedly aware of, but these claims are made, clearly, with alternative goals in mind.

Beyond the surface drama, such narratives perpetuate a damaging stereotype—casting Iran as the primary source of violence and instability in the region.

By painting Tehran as the puppet master pulling the strings of these Resistance groups, these claims not only absolve the actors of responsibility but also serve to reinforce a one-dimensional view of West Asia’s geopolitical landscape.

In an effort to exacerbate tensions and perpetuate a cycle of violence, such claims are made to problematize the relationship between Iran and the Resistance groups, which are now aligning in the same direction and working toward shared goals, undermining the grand plans of the U.S. to control and manipulate the situation in West Asia. These fabricated narratives eclipse the varied realities on the ground, hindering efforts to address the root causes of instability in the region.

The attribution of a pause in attacks solely to Iran’s influence dismisses the

multifaceted motivations driving these Resistance groups. Their actions are propelled by a mosaic of regional concerns, internal dynamics, and strategic considerations that transcend alleged Iranian directives. Crucially, it is imperative to note that Iran vehemently denies these claims, emphasizing the potential for oversimplification and the perilous casting of doubt on the legitimacy of these groups’ independent decision-making processes.

To comprehend these allegations fully, we must immerse ourselves in their historical context. Similar accusations of Iran’s control over Resistance factions have been wielded as weapons in the past, sparking discord within the region.

By perpetuating this narrative, there looms the risk of not only tarnishing Iran’s standing but also instigating internal strife among these groups, potentially jeopardizing their united front against common adversaries.

As we navigate the convoluted realm of geopolitical narratives, it becomes increasingly evident that the persistent portrayal of Iran as a puppet master serve a purpose beyond their surface implications. At the heart of these assertions lies a subtle but powerful undercurrent – a narrative carefully woven by the U.S. to provide a semblance of “self-assurance” in the face of perceived losses in controlling the regional situation.

In recent times, the geopolitical landscape has witnessed a recalibration of power dynamics, with the U.S. experiencing a sense of unease as its influence in certain regions undergoes transformation.

These claims regarding Iran’s influence over Resistance groups can be seen as a strategic maneuver, a tool wielded by the U.S. to reconcile its own uncertainties and project an image of control.

By fabricating narratives that paint Iran as the orchestrator of regional unrest, the U.S. crafts a narrative that conveniently deflects attention from its own challenges in managing the shifting dynamics. This act of self-assurance serves a dual purpose – externally, it attempts to maintain an illusion of control and dominance, while internally, it provides a narrative that reassures the American public and policymakers alike.

In reality, these claims may be a manifestation of a coping mechanism employed by the U.S., a way to grapple with the discomfort of adapting to a transformed geopolitical reality. As the global landscape evolves, the U.S. may find itself grappling with a sense of diminished control, leading to the creation of narratives that, at least rhetorically, place the blame on external actors such as Iran.

06 NEWS

CHINA SLASHES MORTGAGE REFERENCE RATES TO REVIVE PROPERTY MARKET

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PROFIT

reuters

HINA announced its biggest ever reduction in the benchmark mortgage rate on Tuesday, as authorities sought to prop up the struggling property market and broader economy.

The 25-basis point cut to the five-year loan prime rate (LPR) was the largest since the reference rate was introduced in 2019 and far more than analysts had expected.

“This is the biggest signal. In other words, the largest interest rate cut cycle in history has begun,” said Yan Yuejin, analyst at E-House China Research and Development Institution. The cut will directly impact the real estate sector by lowering mortgage costs, he said.

The five-year loan prime rate (LPR) was lowered by 25 basis points to 3.95% from 4.20% previously, while the one-year LPR was left unchanged at 3.45%.

Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.

In a Reuters poll of 27 market watchers

conducted this week, 25 expected a reduction to the five-year LPR. They projected a cut of five to 15 basis points.

The deeper-than-expected cut also suggests Beijing is no longer as concerned about the negative effects of lower lending rates on the currency or banks as they were last year.

A central bank-backed newspaper said on Tuesday that the benchmark mortgage rate cut would not create a negative impact on banks’ net interest margins.

At the same time, diminished spillover effects from other major economies, particularly the United States where the Federal Reserve is now expected to cut rates, allowed Beijing to provide more monetary policy support. Still, authorities are likely to remain wary of pressure on the yuan from lower domestic rates.

The Chinese currency fell to its lowest since Nov. 20 after the LPR announcement but has since trimmed losses.

Sources told Reuters that China’s major state-owned banks stepped in to the market selling dollars for yuan, in an attempt to arrest weakness.

In stock markets, while the property and banking sectors made gains, the rates deci-

Sixteen Haitian family members found dead at home, cause unknown

PORT-AU-PRINCE: Sixteen people from the same family were found dead in a remote mountain town in southern Haiti, a local official said, with local news outlets noting the deaths were reported a day after the family attended a funeral. The bodies were found in the town of Seguin, about 30 miles (48 km) south of capital Port-au-Prince. It was not clear what caused the deaths, but local witnesses told Reuters that it might be a case of poisoning. Agencies

sion failed to shore up broader investor confidence.

China last trimmed the five-year LPR in June 2023 by 10 basis points.

Beijing has stepped up efforts to rescue the ailing property sector, but the measures have come in fits and starts, weighing heavily on a sector that drives a quarter of the economy and on the stock market. New home prices saw their worst declines in nine years in 2023, while the stock market

(.SSEC) is languishing after hitting fiveyear lows.

Government-backed media last week reported that state banks have boosted lending to residential projects under the “white list” mechanism aimed at injecting liquidity into the crisis-hit sector.

Most analysts and investors are waiting for more measures to boost consumption and put a floor under property prices, their hopes higher after authorities replaced the

Wednesday, 21 February, 2024 | LAHORE

chairman of the market regulator just before the Lunar New Year break.

“I think this move is more signal than substance,” said Ben Bennett, Asia-Pacific investment strategist at Legal and General Investment Management in Hong Kong.

“Most people aren’t buying houses because mortgage costs are too high, they’re worried about developers going bankrupt and house prices falling.”

“But it does signal a determination to support the housing market. We need to see if this is followed up with more cash injections into lenders, housing projects and developers.”

More easing could be coming. Recent deposit rate cuts and the reduction to bank reserves are giving commercial banks space to reduce borrowing costs to support the economy.

While the new mortgage reference rate comes into effect immediately, existing mortgage holders will not benefit from any reduction in loan repayments until next year, as mortgage rate repricing is on a yearly basis. The LPR, which banks normally charge their best clients, is set by 20 designated commercial banks who submit proposed rates to the central bank every month.

Pakistan seeks partnership with Sinopec in Aramco’s $10b refinery project g

PSO CEO highlights project as a golden opportunity PROFIT

Monitoring Desk

Pakistan State Oil (PSO) has initiated discussions with Chinese energy conglomerate Sinopec to explore a partnership with Saudi Arabia’s energy giant Aramco for the development of a cutting-edge refinery and petrochemical complex in Pakistan.

Pakistan is also considering incorporating the $10 billion Saudi Aramco refinery project into the China-Pakistan Economic Corridor (CPEC) framework. Aramco has expressed interest in establishing a crude to-chemical/plastic complex.

This initiative was discussed in a recent meeting of the Special Investment Facilitation Council, led by caretaker Prime Minister Anwaarul-Haq Kakar.

Business Recorder reported that during his recent communication with Sinopec Corp’s President Yu Baocai, PSO’s Managing Director and CEO, Syed Muhammad Taha, expressed PSO’s interest in having Sinopec join the ambitious greenfield refinery and petrochemical initiative in Pakistan.

Taha highlighted the project as a goldn opportunity for Sinopec to apply its vast expertise and re-

sources in a market poised for substantial growth and potential. The proposed collaboration between PSO and Saudi Aramco aims to establish a modern refinery and petrochemical complex capable of processing over 300,000 barrels per day.

This venture is expected to produce a variety of premium petroleum products such as gasoline, diesel, and jet fuel, along with petrochemicals.

PSO CEO outlined the incentives provided by the government to enhance the project’s financial viability, including a 20-year tax holiday, a 7.5% deemed duty concession for gasoline and diesel production for 25 years, and tax exemptions on the import of equip-

ment and materials for the project.

He underscored Pakistan’s attractive investment landscape, noting the country’s burgeoning population of over 220 million and its rapidly growing economy. With energy demand projected to double by 2035, Taha presented a compelling case for Sinopec’s investment and participation in this strategic market.

He praised Sinopec’s proven expertise in refinery and petrochemical projects, its operational excellence, and its strong financial standing as critical to the project’s success. He invited Sinopec to consider becoming an equity and technical partner in the project, open to discussing various partnership arrangements.

Wang Yi meets France’s Emmanuel Macron to mark 60 years of Sino-French relations PARIS

Agencies

China’s Foreign Minister Wang Yi met with French President Emmanuel Macron on Tuesday, in the first major visit between the two countries this year.

The meeting, which focused on Sino-French relations, was held at the Elysee Palace, the official residence of the French President.

Wang, also a member of the Political Bureau of the Central Committee of the Communist Party of China, planned to travel to the iconic Versailles Palace before flying back to China on Tuesday night.

This is a special year for SinoFrench relations as both countries mark the 60th anniversary of the establishment of diplomatic relations.

France was the first major Western country to recognize China at the height of the Cold War, paving the way for other European countries and the U.S. to do the same.

Wang met with his French counterpart Stephane Sejourne on the sidelines of the Munich Security Conference this

past weekend, where he said China and France should maintain that momentum of development, particularly around strategic, economic and financial dialogue and people-to-people exchanges. Wang said this will help promote mutual understanding and friendship between the citizens of both countries.

Wang called for more direct flights between France and China to help facilitate that exchange. As part of the official year of China-France Cultural Tourism, Beijing is offering visa free travel for up to 15 days for French citizens.

Before arriving in France, Wang spent two days in Spain where he met with Spanish King Felipe VI, Prime Minister Pedro Sanchez and Foreign Minister Jose Manuel Albares Bueno. That visit was also meant to strengthen strategic communication, maintain closer highlevel exchanges and deepen practical cooperation, with both sides targeting various fields like telecommunications, healthcare and electric vehicles.

5th Engineering Capstone Expo 2024 (Punjab Region) held at Pakistan Engineering Council, Regional Office Lahore.

Automobile financing plummets by 26% YoY in January g

19th month consecutive decline in auto loans signal tough times ahead for car buyers

PROFIT

Monitoring Desk

Pakistan’s automobile financing plummeted by 25.82% year-on-year (YoY) to Rs246.26 billion in January 2024, from Rs331.98 billion in January 2023, and a 1.98% month-on-month drop from December 2023. According to the data released by the State Bank of Pakistan (SBP), this decline represents the 19th consecutive monthly fall in automobile financing, with a total reduction of Rs114.29 billion. The decrease is attributed to higher interest rates, increased car prices, stricter loan regulations, and elevated taxes on imported vehicles and parts.

As per the SBP data, consumer financing in other sectors also experienced downturns. House building finance fell to Rs207.62 billion, a 3.44% decrease year-on-year, while financing for personal use dropped to Rs243.1 billion, declining by 4.47% year-on-year. Consequently, total consumer credit disbursed declined by 9.04% year-on-year to Rs813.96 billion. The overall outstanding credit to the private sector slightly decreased by 0.76% year-on-year to Rs8.35 trillion. However, loans to the manufacturing sector marginally increased by 0.33% year-on-year to Rs4.81 trillion. In contrast, loans to the agriculture, forestry, and fishing sectors rose significantly by 16.95% year-on-year to Rs397.27 billion.

Wednesday, 21 February, 2024 | LAHORE

CORPORATE CORNER

P g

Star Marketing Senior Director Mahmood Ahmed Khan presents his book to young poet Muzamil Athar. PR

Hexing to showcase innovative solar solutions at Solar Pakistan Exhibition

LAHORE: Hexing Energy (Pvt) Ltd., a pioneering entity in sustainable energy solutions, is going to participate in the upcoming Solar Pakistan Exhibition, which will be organized from February 27th to 29th, 2024. The company is a subsidiary of Hexing Group, which has been working in Pakistan since 1998 and holds a significant market share by supplying over 10million sets of electricity meters.Solar Pakistan will serve as a platform for Hexing Energy to solidify its presence further in the Pakistani market. The purpose is to reinforce company’s commitment to revolutionize Pakistan's energy landscape.At the event, the company’s management will showcase its cutting-edge technology for solar kits, alongside Livoltek inverters and batteries. Livoltek is also a subsidiary of Hexing Group, and has been actively contributing to the renewable energy sector in Pakistan. PR

System Constraints Removal Drive Continues : 2nd 250MVA Auto Transformer Installed at 220 kv Grid Station NTDC Ghakkar

NTDC Headquarters WAPDA House LahoreFebruary 20, 2024- National Transmission and Despatch Company Limited (NTDC) has successfully replaced and augmented 2nd 160 MVA Auto Transformer(T-2) with 250 MVA, 220/132 kV rating unit at 220 kV grid atation NTDC Ghakkar.

The said 250 MVA, 220/132kV auto transformer was successfully energised today. This work, as part of World Bank funded National Transmission Modernization Project (NTMP-1), has been completed under System Constraints Removal Program which will see an enhancement in the capacity of 220 kV grid station Ghakkar. It will help to meet the increasing load demand of the GEPCO region. The augmentation of new 250 MVA auto transformer will benefit the industrial, rural and urban consumers of the GEPCO region, besides increasing the system reliability. Managing Director NTDC, Engr. Dr. Rana Abdul Jabbar khan appreciated the efforts of the Project Delivery (North) team for successful completion of the project.On the other hand, a comprehensive maintenance program for NTDC transmission lines and grid stations also continues at full swing. PR

MIRACLE SALTWORKS MARKS NEW ERA FOR PAKISTAN'S MINERAL EXPORTS PROFIT

MONITORING DESK

AKISTAN inked a pivotal deal with American company Miracle Saltworks Collective Incorporation to enhance the value and export of Himalayan Pink Salt, marking a significant stride in exploiting the nation’s mineral wealth.

Announced in Islamabad on Wednesday, the agreement, underlined

by Caretaker Prime Minister Anwaar-ulHaq Kakar, signifies a leap in improving

Riphah International University organized a Poster Design Competition for school and college students of twin cities on 20th February 2024. More than 80 schools and colleges participated in this competition. The event aimed to highlight the dangers to life under the sea. The purpose of the poster design competition was to create awareness regarding the significance of ocean life and its influence on the planet at a grassroots level.

Students from junior and senior classes enthusiastically participated in the competition, using vibrant colors to create paintings and drawings centered around the theme of 'protecting life under the sea.' Oceans are our planet’s life support, providing water, food, and helping regulate the weather. The importance of the ocean and the resources it provides to all of us are emphasized, educating participants about actions they can take to keep our seas clean. PR

Engro Fertilizers welcomes gas tariff revision as a step in right direction

Engro Fertilizers welcomes the fact that the government has taken a bold first step by removing the subsidy for fertilizer manufacturers that get their gas from the SNGPL network, which represents 60% of all fertilizer manufacturing capacity.They have done that by increasing the feed stock prices from PKR 580/mmbtu to PKR 1,597/mmbtu, almost a 300% increase in the cost of producing fertilizer.

While this is a step in the right direction, the battle is half won, as the remaining 40% of fertilizer manufacturing capacity that is on the Mari network, is still on the subsidized price of PKR 580/mmbtu.Pakistan’s current financial position is distressed, it is in a debt crisis, with the debt-to-GDP ratio already above 70 percent and more than USD 27 billion of foreign debt to be repaid by November 2024. The country cannot afford further fiscal pressures or half measures that do not go all the way in solving Pakistan’s problems. The dependence on government subsidies must end, for Pakistan to really move forward and break away from the vicious cycle of debt. PR

the investment climate with a robust $200 million investment.

Kakar emphasized reforms aimed at attracting foreign direct investment and highlighted the establishment of the Special Investment Facilitation Council (SIFC) to streamline investor support.

Energy Minister Muhammad Ali discussed the upcoming advanced processing facilities, aiming to boost the mineral sector’s GDP contribution significantly by utilizing the vast, largely untapped pink salt reserves.

PTA launches data center for Ansar Burney launches autobiography titled ‘Awaaz’ enhanced service delivery ISLAMABAD PR

Pakistan Telecommunication Authority (PTA) inaugurated its Tier 3 compliant data center, today. The ceremony, graced by Caretaker Federal Minister for IT & Telecom, Dr. Umar Saif, took place at the PTA Headquarters, Islamabad.

The newly established data center is engineered to deliver efficiency and reliability, boasting 24x7 Network Operation Center (NOC) and Security Operation Center (SOC) to ensure seamless operations and robust security measures.

Caretaker Federal Minister said that this initiative aligns with our vision for a digitally stronger Pakistan

and underscores the government's dedication to providing advanced and secure digital services.

Chairman PTA, Maj Gen (R) Hafeez Ur Rehman appreciated the collaborative efforts of all stake-

holders involved in the successful establishment of the data center which will serve as a centralized platform for managing and provisioning a diverse range of e-services to consumers and telecom operators.

Optimizing nutrient management key to boost crop productivity: Caretaker Federal Minister

ISLAMABAD PR

Riphah Int’l University hosts grand poster design competition at Gulberg Greens Islamabad Campus

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PAKISTAN INKS HIMALAYAN PINK SALT EXPORT DEAL WITH US COMPANY NEWS

(PR&P, PARC) Pakistan Agricultural Research Council (PARC), International Center for Agricultural Research in the Dry Areas (ICARDA), and USDA Jointly Organize Two-Day Stakeholders Meeting on 'Fertilizer Right Pakistan Project' at NARC Islamabad.

This project aims to enhance productivity through the efficient use of fertilizers and to reduce greenhouse gas (GHG) emissions. The session was inaugurated by Dr. Kauser Abdullah Malik, the Federal Minister for the Ministry of National Food Security and Research.

The minister emphasized the impor-

tance of integrated nutrient management to increase crop productivity.

Dr. Kauser highlighted that the 'Fertilizer Right Pakistan Project' can play a crucial role in promoting sustainable agricultural practices and enhancing crop productivity through the implementation of scientifically-backed fertilizer management strategies.

Chairman PARC, Dr. Ghulam Muhammad Ali, reiterated the significance of the Fertilize Right Pakistan Project in promoting sustainable agricultural practices and enhancing crop productivity in Pakistan. Dr. Ali appreciated the continuous support of USDA in grooming the agriculture sector of Pakistan through different projects.

The meeting was graced by the presence of a USDA delegation, comprising five visiting scientists from Washington D.C., who actively participated in the proceedings. Representatives from USAID, Agronomists from ICARDA Morocco, a large number of scientists from International Centers and Pakistan’s National and Provincial institutes participated in the meeting. USDA lead scientist and team leader Dr. Abiola Adeyemi and ICARDA Country Manager Dr. Abdul Majid briefed the participants about Fertilize Right Project.

The two-day marathon of planning sessions witnessed stakeholders and collaborating institutions presenting their respective workplans, igniting profound discussions and deliberations aimed at devising an effective implementation strategy. This gathering for the 'Fertilizer Right Pakistan Project' not only served as a platform for robust discussions but also fostered collaborations among key players in the agricultural sector. Emphasizing the twin goals of enhancing productivity and promoting sustainable practices, the event underscored the significance of coordinated efforts and partnerships in propelling Pakistan's agricultural landscape forward.

Signing ceremony of Japanese grant for HIWT to develop blood transfusion, intensive care system ISLAMABAD PR

The Government of Japan extended a grant to Help International Welfare Trust (HIWT) for “The Project for the Development of Blood Transfusion and Intensive Care System at Thalassemia Care Centre in Karachi” under the Grant Assistance for Grassroots Human Security Projects (GGP).

The grant contract was signed on February 20, 2024 between the Consul-General of Japan, Mr. HATTORI Masaru and Founder / CEO, Syed Muhammad Arif Rauf.

The grant has been provided by the government and people of Japan for the procurement of medical equipment for the blood bank and intensive care unit (ICU) of the HIWT thalassemia care centre.

The HIWT was established in 1994 and has been providing free thalassemia treatment and care in Karachi since 2012, with a focus on the underprivileged. Their patients come not only from Karachi, but also from the interior Sindh and Balochistan including the areas affected by the 2022 floods. Although the awareness of thalassemia has increased in recent years, the availability of blood for transfusion and

the improvement of intensive care units are urgent issues.

Speaking on the occasion, Consul-General Mr. HATTORI expressed his appreciation for the work being undertaken by organizations such as Help International Welfare Trust for the fulfillment of healthcare sector initiatives for vulnerable thalassemia patients in Pakistan. He hopes that grants for such projects serve the people of Pakistan for many years to come.

The CEO of Help International Welfare Trust, Mr. Rauf echoed the Consul-General’s sentiments and personally extended gratitude on behalf of the philanthropic community in Pakistan to the people of Japan for their continued support

and friendship in an effort to improve the lives of Pakistan’s most vulnerable.

The GGP is a grant from the government and people of Japan for development projects aimed at improving human security at the grassroots level. The grant provides timely support to local NGOs and directly benefits the local people of Pakistan. It is expected that this support will further strengthen the bonds of friendship between Japan and Pakistan.

Japan has funded more than 400 projects in Pakistan under the GGP programme since 1989, and this is the 30th GGP project implemented by the Consulate General of Japan in Karachi since 2009.

KARACHI: 'Awaaz: Echoes of Freedom and Justice' is Ansar Burney's memoir chronicling his transformation from a student leader to a champion of human rights. Authored by Burney, cowritten/edited by Shehar Bano Rizvi and Tasneem Premjee Chamdia, Awaaz memorializes Burney's lifelong global struggle for human rights, and underscoring our transcendant common humanity.While jailed in 1977 Burney witnessed harrowing conditions of Pakistani prisons. This led to his advocating for prisoners. In 1980, he establishes the Ansar Burney Trust which confronted exploitation despite threats to his life.

As a lawyer, Burney worked within legal framework to address issues while cooperating with authorities. PR

Non-stop evening OPD introduced at Mayo Hospital

LAHORE: The Government of Punjab has introduced extended evening OPD timings for pediatrics till 8pm daily at Mayo Hospital, Lahore.

This initiative has been implemented in collaboration with ChildLife Foundation to facilitate the increased flow of children coming in for treatment and seeks to address the consultation needs of sick children, particularly during the evening hours when patient flow typically surges in the Emergency Room (ER). The extended OPD, operational from 02:00 pm to 08:00 pm, aims to effectively manage the patient flow coming to the hospital’s children emergency. The govt doctors and clinical team of ChildLife Foundation are working together to provide consultations to children in need, with an average of 100 patients being attended to daily. Moreover, Mayo Hospital provides prescribed medicines free of cost to children from the outdoor pharmacy, ensuring that financial constraints do not hinder access to emergency care. PR

PTA, NCRC, UNICEF and Telenor Pakistan join hands to safeguard children online

ISLAMABAD: The Pakistan Telecommunication Authority (PTA), in collaboration with the National Commission on the Rights of Child (NCRC), United Nations International Children’s Fund (UNICEF), and Telenor Pakistan, held a launching ceremony for the parental guide titled "Safeguarding your Child in the Digital Age-Guide for Caregivers & Policy Brief on Child Online Protection" at the Telenor 345 Headquarters.

Representatives from the Ministry of Information Technology & Telecom (MoIT&T), PTA, Telenor, NCRC, and UNICEF Pakistan also graced the ceremony with their presence.Caretaker Minister for IT & Telecom, Dr. Umar Saif was the chief guest of this occasion. During his address, Dr. Umar Saif emphasized the critical need to safeguard children online in today's digital age. He stressed that it is the collective responsibility of society to not only establish a secure online environment for children. PR

CHINA’S SPECIAL ENVOY ON AFGHAN AFFAIRS URGES US TO UNFREEZE AFGHANISTAN ASSETS NEWS

C

BEIJING

NEWS DESK

HINA’s special envoy on Afghan affairs Yue Xiaoyong once again urged the US to unfreeze the $7 billion Washington holds of Afghanistan’s overseas assets and lift its unilateral sanctions.

In an interview with the Global Times on Tuesday, Yue emphasized that Washington’s aid plan for Afghanistan only scratches the surface and he urged the US to stop avoiding the real challenges facing Afghanistan.

Yue’s comments came after a twoday international meeting on Afghanistan that ended on Monday in Doha, capital of Qatar. The meeting brought together member states of the United Nations and international envoys to Afghanistan to discuss an array of issues facing Afghanistan.

The meeting, chaired by UN Secretary-General Antonio Guterres, was attended by representatives from more than 20 countries and international organizations including China, Russia and the US. The Taliban, the de facto authority in Afghanistan, did not attend.

According to the UN chief, the conditions set by the Taliban authorities to attend the meeting were “not acceptable.”

Yue, who attended the meeting, told the Global Times on Tuesday that it is a pity that dialogue with the Taliban authorities has not been realized so far this year. But there are positives from the meeting, as the conference gathered representatives from those countries to talk about how to address Afghanistan issues.

Topics of global concern were also on the agenda, such as fighting terrorism

Buttar challenges Aleem Khan’s victory from NA 117 Lahore ISLAMABAD

STAFF REPORT

PTI-backed independent candidate Ali Ijaz Buttar on Tuesday moved the Islamabad High Court (IHC) against Aleem Khan’s victory in NA-117 Lahore.

In his petitioner, Advocate Buttar challenged the victory notification of Istehkam-e-Pakistan (IPP) leader Abdul Aleem Khan from NA-117.

The petitioner requested the court to declare null and void the Form 47 issued on February 9 and also suspend the Aleem Khan’s victory notification issued on February 15. Ali Ijaz Buttar urged the IHC to order the ECP to compile up the result anew in presence of all the candidates.

He also requested the court to summon all the record from the ECP and the concerned returning officer.

The Election Commission, RO, and other candidates have been named as respondents in the petition.

Aleem Khan had won the NA-117 election by pocketing 91,489 votes while Ali Ijaz Buttar had obtained 80,838 votes.

ECP serves notice on Nawaz Sharif over rigging allegations in NA-130 LAHORE

STAFF REPORT

The Election Commission of Pakistan (ECP) Tuesday issued a notice to PML-N chief Nawaz Sharif while hearing the application of the PTI-backed independent candidate Yasmin Rashid against the alleged rigging in NA-130, Lahore. The ECP also sought a report from the Returning Officer (RO) and adjourned the alleged rigging case till February 27.

It is to be noted that the ECP has issued notification of Nawaz Sharif’s victory from NA-130 Lahore despite severe rigging allegations and criticism.

According to details, the Election Commission heard the petition of PTI-backed independent candidate Dr Yasmin Rashid from NA-130 Lahore.

The counsel of Yasmin Rashid informed the ECP bench that according to the results of 334 out of 376 polling stations, PTI leader was winning with a lead of 20,000 votes. “Then the policemen came on the night of February 8 and changed the returning officer.

Our agents were expelled and then 100,000 votes were cast for Nawaz Sharif from the remaining 33 polling stations”, Advocate Awaise claimed.

On the occasion, the ECP member said that in this case, the Election Commission is also responsible and now should they hear the case against themselves.

After which Election Commission issued a notice to the successful candidate Nawaz Sharif from NA-130 Lahore while seeking a report from the Returning Officer.

Later, addressing a presser in the Lahore Press Club on Tuesday, Advocate Ahmed Owais decried what he called “the worst rigged elections in the history of Pakistan.”

Owais cited discrepancies in voting numbers, alleging that Sharif had hastily secured a difference of 74,000 votes. He pointed out that the final result revealed a significant increase in Sharif’s vote count from the majority of polling stations.

and prevent Afghanistan from becoming a hotbed for terrorism, Yue said. China has always prioritized eliminating the threat of terrorism in neighboring Afghanistan, as it is crucial for China’s border security. Therefore, we are pleased that the issue of combating terrorism has received more attention this time, the envoy noted.

Guterres said on Monday that international representatives had reached consensus on some key issues concerning Afghanistan after the two-day Doha

meeting, but obstacles remain.

On the one hand, “Afghanistan remains with a government that is not recognized internationally and in many aspects [is] not integrated into the global institutions and global economy,” he said. On the other hand, there is a common international perception of deteriorating human rights, particularly for women and girls in the country, according to Guterres.

Yue said China has pointed out that Afghanistan needs to respond to international society’s calls for moderate governance and protecting women’s rights, along with other issues. “But I believe the first step should be to conduct dialogue,” Yue noted.

Yue also repeated the call for the US to unfreeze Afghanistan’s overseas assets of $7 billion and lift its unilateral sanctions.

Yue said that the US-established $3.5 billion aid fund for Afghanistan has so far played little role in helping the country.

“Hopefully the US will stop making excuses and start facing the real problems that are facing Afghanistan,” Yue said, noting that unfreezing the assets can help Afghanistan’s people realize sustainable peace, security, stability and the rebuilding of their homeland.

Wednesday, 21 February, 2024

PRAYER TIMINGS FAJR SUNRISE

ZUHR

ASR MAGHRIB ISHA

6:00

1:30

4:30

Revenue collection

by FBR increased by 30% during first 8 months of FY24, is that a good thing?

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ISLAMABAD

The first Senate session following the February 8 general elections echoed with calls on Tuesday for legal action against the chief election commissioner and an investigation into the conduct of polls.

Senate Chairman Sadiq Sanjrani chaired the session during which a motion to suspend the proceedings was presented and approved.

The upper house then commenced a discussion on the recently held general elections.

Jamaat-e-Islami’s Senator Mushtaq Ahmad demanded accountability and a treason case against CEC Sikander Sultan Raja and stated that action should be taken under Article 6 for violations and betrayal of the Constitution. He also emphasized the need for a transparent investigation into alleged

7:30

BREAKING DOWN FBR’S ‘SUCCESSFUL’ RUN ON BACK OF HIGH TAXES PROFIT

GHULAM ABBAS

The Federal Board of Revenue (FBR) has reported a surge in tax revenue collection, reaching Rs. 5,150 trillion from July 2023 to mid-February 2024. This figure marks a 30% growth compared to the same period last fiscal year. Tax refunds also witnessed substantial growth, increasing by more than 28% during the aforementioned period. The feat is being labeled as a spectacular one by the FBR however a detailed look into the numbers presents a different picture.

According to the data released by the FBR, the month-wise revenue collection highlights the consistent upward trajectory:

Govt introduces amendments to engineering bylaws g

NEW LAWS SET TO STREAMLINE FOREIGN INVESTMENT AND ENSURE COMPLIANCE, FUELING GROWTH PROFIT

GHULAM ABBAS

The Ministry of Science and Technology, in collaboration with the Pakistan Engineering Council (PEC), has approved crucial amendments to key engineering bylaws. These amendments are poised to streamline licensing procedures, foster collaboration between local and foreign entities in construction projects, and prioritize the career growth of engineers.

As per details, the amendments primarily target the PEC Construction and Operation of Engineering Works Bye-Laws, 1987, Changes have been made to the rules governing the construction and operation of engineering works. The key adjustments are focused on the licensing process for construction companies. The process now involves two stages.Entities can now get a provisional license by meeting half of the Professional Credit Points (PCP) requirement and paying the corresponding fees for the bidding process. This allows them to bid for projects. Once a project is awarded, obtaining a standard license requires fulfilling the remaining 50% of PCP and paying the remaining fees to ensure adherence to regulations. This modification aims to streamline the licensing process and ensure compliance with industry standards.

Professional Credit Points (PCPs) serve as a metric by regulatory bodies, like the Pakistan Engineering Council, to evaluate the professional competence of entities in engineering and construction. These points are earned through factors like education, experience, and continuous professional development. The new amendment aims to revise the requirements for “Professional Credit Points” and license fees for foreign constructors and operators, dividing them into two stages for ease of doing business.

Another significant provision mandates foreign firms engaging in joint ventures with Pakistani counterparts to maintain a minimum 30% stake. The aim of this is to promote technology transfer, enhancement of capacity building, and smoother business operations to attract foreign investments and expertise. The amendments also aim to facilitate provisional licenses for foreign constructors and operators specifically for bidding purposes, ensuring compliance with necessary conditions post-award.

Other amendments made on this occasion, affect the PEC Professional Development of Engineers Bye-Laws 2008 and PEC Bye-Laws 1976. These amendments attempt to streamline the process for engineers graduating before January 15, 2008, and after

April 2005 to attain professional engineer status, broadening career opportunities and bolstering recognition within the engineering domain.

The amendments also include the definition of “trainee engineer” to encourage fresh engineering graduates’ involvement in the construction industry.

According to officials of the ministry these amendments signal a positive trajectory for the engineering sector, fostering collaboration, professionalism, and growth opportunities for engineers across the board.

The proposed amendments, which were first discussed in the 43rd meeting of the PEC Governing Body on February 02, 2022, have garnered support from various ministries and relevant organizations. The Cabinet Committee for Disposal of Legislative Cases (CCLC) has approved the draft proposed amendments in the PEC Construction and Operation of Engineering Works Bye-Laws, 1987.

The amendments have been sent for review and comments from various ministries and relevant organizations. The Competent Committee for Law and Contracts (CCLC) has subsequently approved the bylaws, indicating a positive step towards bolstering the engineering sector’s regulatory framework.

Imran, Bushra’s indictment in 190m pound reference deferred again ISLAMABAD STAFF REPORT

The indictment of PTI founder chairman and former prime minister Imran Khan and his wife Bushra Bibi in 190 million pounds reference case was deferred once again due to non-availability of the accountability court judge on Tuesday.

Newly-appointed AC judge Nasir Javed Rana had not yet taken charge of the office. As a result, the hearing in the reference which was to be held at Adiala Jail in Rawalpindi was adjourned till February 23.

Earlier, due to the non-availability of Judge Muhammad Bashir on the previous hearings, the hearing was put off without any proceeding. A new judge was appointed yesterday due after the retirement of Judge Muhammad Bashir. The PTI chairman was facing charges of corruption in £190 million case involving a property tycoon.

Imran Khan along with his wife Bushra Bibi and other PTI leaders faced a NAB inquiry related to a settlement between the PTI government and the property tycoon, which reportedly caused a loss of £190 million to the national exchequer. During the PTI government, United Kingdom’s National Crime Agency (NCA) seized assets worth 190 million pounds from the property tycoon in Britain.

The figures mark an average increase of 29.7% in the monthly tax collection of the first 8 months. But how did the FBR manage to increase these taxes so significantly?

According to FBR data, the growth in domestic taxes has been robust, with an overall increase of around 40%. Meanwhile, import duty and related international taxes also saw a small growth of 16% during the same period.

While domestic taxes are a major subject, let us first look at the foreign/international taxes. The growth in import taxes was somewhat subdued due to downward adjustments in import tariffs over the years. Another major reason was the recent restrictions on import licenses imposed by the State Bank of Pakistan (SBP) to manage foreign exchange constraints.

Nevertheless, efforts such as improved import valuations and intensified anti-smuggling drives have contributed significantly to import tax revenues, which witnessed a remarkable 69% growth compared to the previous fiscal year.

Yet, there remains room for improvement, especially in enhancing anti-smuggling efforts to curb illicit trade activities.

CONTINUED ON PAGE 03

PTI sounds alarm about serious threats to Busra Bibi’s life ISLAMABAD

STAFF REPORT

Pakistan Tehreek-e-Insaf (PTI) raised the alarm over the serious threats to the life of PTI Chairman-for-life Imran Khan’s spouse Bushra Bibi, who had been kept unlawfully in solitary confinement at Bani Gala subJail, suffering from severe pain for the last six days after being given her substandard, harmful, and poisonous food.

In a strongly-worded reaction over the reports of giving harmful food to Bushra Bibi during imprisonment, PTI Spokesperson expressed deep concerns over the serious threats to Bushra Bibi’s life, who had been unjustly and wrongfully imprisoned in a bogus and concocted case.

PTI spokesperson called upon the court and prison authorities to take all much-needed steps to ensure the protection of health and life of the former first lady.

He revealed that the former first lady had been suffering from severe pain for the past six days due to the poisonous food given to her during detention.

PTI spokesperson expressed apprehensions that Bushra Bibi’s health and life were under serious threats, as she was being deprived of her legal and constitutional right to undergo a medical examination.

He lamented that her family was not being allowed to meet Bushra Bibi as part of a deliberate plan to harm her, which was a clear violation of the constitution and prison rules and regulations.

PTI spokesperson made it clear that despite filing a petition in the Islamabad High Court (IHC) regarding shifting from Bani Gala sub-jail to Adiala jail, keeping her in the solitary confinement in Bani Gala sub-Jail was a very shameful and nefarious attempt to demoralize Imran Khan.

Senate resounds with clamour for action against CEC STAFF REPORT

5:55

irregularities during the elections.

Ahmad said the rigging was exposed by the now-former commissioner of Rawalpindi and maintained that the recent polls have pushed the country towards a ‘severe’ economic and political crisis.

The JI senator further said the the ‘bullet overshadowed the ballot’ during the elections and reiterated his call for the CEC’s resignation. He also said a judicial commission should be formed for a transparent investigation and said “we did not achieve freedom from the British only have have some government servants sitting behind closed doors enslave us”.

‘Democracy in the country is still skewed’ Expressing his views in the Senate, Senator Bizinjo stated that the country has completed 75 years, yet democracy in the country is still skewed. He said tolerance for

differences in the country is diminishing but no one is willing to learn from history.

“Whether one accepts it or not, mistakes are being repeated. Whatever elections take place under the supervision of supervisors, they remain contentious. This time, the elections are the most contentious.”

Bizinjo said that in Balochistan, the people’s legitimate representatives were defeated.

“Through the collaboration of two major parties, drug dealers and feudal lords were brought to the assemblies. Until the judiciary and the military do not do their respective jobs, the country will continue to be plagued by crises. Was it right for the judiciary to remove the PTI government? Will there be political and economic stability as a result of these rigged elections?”

He echoed Senator Ahmad’s demand for legal action and arrest of the chief election

commissioner.

‘One party was targeted’ Senato Syed Ali Zafar, expressing his views on the elections, stated that one party was specifically targeted. “People were harassed, and leaders of the PTI were arrested.

PTI was not allowed to hold a single gathering during the election campaign. The PTI was singled out so that the people would not vote for it.”

He added that “whatever happened in the elections, the people have made a clear decision. Whether one accepts it or not, the people have decided in favour of Imran Khan. The youth proved during the elections that they stand with hope. Fear and intimidation were spread among the people so that they would not come out on election day.

PTI candidates were not allowed to run their election campaigns; they were arrested. A

few days before the election, our electoral symbol was taken away from us”.

“When pre-poll rigging failed, post-poll rigging was witnessed. The losing candidates won by changing the votes. The people’s mandate was stolen. We need to look ahead, but it’s not that easy. Let the one who has received the people’s mandate come forward. Present a resolution today and ask the Election Commission to return the stolen mandate.”

‘People’s mandate stolen’ Senator Shafiq Tareen said that “the people’s mandate was stolen”.

“The government spent Rs50 billion of the public on the elections. The recent elections were pre-planned and the parties which are in majority should be allowed to form the government.”

‘Country has an unpleasant history of elections’

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