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AFTER DEAL WITH PPP, PML-N CONTINUES ‘ONBOARDING PARTNERS’ FOR GOVT FORMATION thursday, 22 february, 2024 I 11 Sha'ban, 1445

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Party representatives hold meetings with delegations from MQM-P, BAP, JUI

MQM-P reaffirms support for PML-N to ‘strengthen democracy’

ISLAMABAD

Staff RepoRt

N the heel of a power-sharing accord with the Pakistan People’s Party (PPP), the PML-N continued its efforts on Wednesday towards government formation by “taking different coalition partners” onboard.

Ahead of the expected first session of the National Assembly on February 29, the PML-N representatives engaged with delegations from the Muttahida Qaumi Movement-Pakistan (MQM-P), Balochistan Awami Party (BAP), and Jamiat Ulema-eIslam (JUI), solidifying their alliances and outlining plans for governance.

It was disclosed that the PML-N and MQM-P have reached a consensus to collaborate within the government framework.

Senior figures from both parties, including Kamran Tessori, Mustafa Kamal, and Dr Farooq Sattar from MQM-P, and Ishaq Dar, Ayaz Sadiq, Azam Nazir Tarar, and Muhammad Ahmed Khan from PML-N, convened in Islamabad for talks.

The agreement underscores a commitment to foster reconciliation and mutual cooperation, with a focus on enhancing political, democratic, and economic stability

Rs 20.00 | Vol XIV No 235 I 8 Pages I Karachi Edition

KARACHI

Staff RepoRt

across the nation. Central to their discussions was the imperative of ensuring equitable distribution of resources and powers, laying the groundwork for future deliberations on critical issues such as the protection of urban rights in Sindh, particularly in Karachi, and the restoration of the port city’s economic prominence.

Simultaneously, a meeting between coordination committees of PML-N and BAP convened, affirming their dedication to addressing the challenges confronting

Balochistan and the federation.

Representatives from both parties, including Ishaq Dar, Sardar Ayaz Sadiq, Azam Nazir Tarar, and Malik Muhammad Ahmad Khan from PML-N, alongside Nawabzada Khalid Hussain Magsi, Muhammad Sadiq Sanjrani, and Kauda Babar from BAP, reiterated their commitment to establishing robust democratic governments at federal and provincial levels.

Moreover, delegates from PML-N and JUI congregated in the federal capital, ac-

The Muttahida Qaumi Movement-Pakistan (MQM-P) reaffirmed its support for the Pakistan Muslim League-Nawaz to promote democratic values and principles in the country. The MQM-P leadership assured cooperation with Pakistan Muslim League– Nawaz (PML-N) to stabilize democracy in Pakistan. The leaders from the PML-N and the MQM-P held a meeting to discuss the formation of the government in the centre.

The joint meeting was attended by leaders, including Ishaq Dar, Ayaz Sadiq, Azam Nazeer Tarar, and Malik Ahmad Khan from the PML-N, while representatives from the MQM-P, including Kamran Tessori, Farooq Sattar, and Mustafa Kamal.

The MQM-P leadership expressed full support and assured cooperation at all levels to PML-N for the strengthening democ-

knowledging the pressing issues faced by Balochistan province and emphasising the urgency of a strong democratic governance structure therein.

Mineral sector achieving new development goals under SIFC: PM ISLAMABAD

Staff RepoRt

Caretaker Prime Minister Anwaarul Haq Kakar on Wednesday said Pakistan’s mineral sector, valued in billions of dollars, was achieving new heights of development under Special Investment Facilitation Council (SIFC).

He was talking to a delegation of Miracle Salt Collective Inc which called on Caretaker Prime Minister Anwaarul Haq Kakar here.

During the meeting, the prime minister hoped that salt export from the country would increase after the signing of joint venture between Pakistan Mineral Development Cooperation (PMDC) and Miracle Salt.

He said it would also further strengthen the trade ties with the US. “This joint venture is a manifestation of the fact that Pakistan has the most suitable destination for foreign in-

vestment,” he added.

He said Himalayan pink salt was the

identity of Pakistan in all over the world and its export in international markets

would be a welcome sign.

He said during its short tenure, the caretaker government took several steps to promote foreign direct investment and to facilitate the businesses in the country which yielded positive results.

The delegation of Miracle Salt thanked the government, especially the Special Investment Facilitation Council for its cooperation with the company.

They told the prime minister that after the formation of the company in Pakistan, it would be listed on major stock exchanges around the world, which would benefit the government of Pakistan and local investors.

The delegation also apprised the prime minister about the plan of action prepared regarding economic improvement, education and health, and employment provision of the local population in the salt mining areas.

SC dismisses plea seeking polls annulment ‘PETITIONER FINED’ ISLAMABAD

Staff RepoRt

The Supreme Court of Pakistan on Wednesday rejected a petition seeking recently-held general elections to be declared as null and void, and slapped a heavy fine on the petitioner.

The petitioner had prayer the court to declare the February 8 general elections as null and void due to alleged violations of democratic norms and electoral integrity. The plea had also urged the court to order new elections within 30 days to be held under the direct supervision and oversight of the judiciary “to ensure fairness, transparency and accountability”.

A three-judge apex court bench led by Chief Justice of Pakistan (CJP) Qazi Faez Isa and comprising Justice Muhammad Ali Mazhar and Justice Musarrat Hilali

conducted the proceedings on Wednesday as petitioner again did not show up in the court.

As the hearing began, Additional Attorney General (AAG) Amir Rahman informed the apex court that a notice had been sent to petitioner Ali Khan’s house

through the defence ministry and police had also gone there as well, but he was not present there.

When Chief Justice Isa asked about the identity of the petitioner, the AAG said Ali Khan was a former brigadier who had been tried by a court-martial in 2012

and awarded five-year jail when General Ashfaq Parvez Kayani was the Chief of the Army Staff.

The CJP noted that according to the petitioner’s email, he was abroad and had requested to withdraw his plea. Ali went to Bahrain by taking a connecting flight via Doha, Justice Isa added. PTI leader Shaukat Basra came to the rostrum but he was not permitted to speak as he was “neither a petitioner nor a counsel”. CJP Isa then told Basra to step aside from the rostrum. Regarding Ali, CJP Isa remarked, “It is strange that the petitioner filed the plea and then went abroad the next day. Our (fixation) branch has confirmed the email as well that it has been sent by the same person.”

The court rejected the petition and slapped half a million rupees fine on Ali Khan.

racy in the country. Meanwhile, no specific ministerial portfolios were formally requested by the MQM-P or proposed by the Nawaz-led party. However, the meeting members will soon provide the complete details of the meeting to Khalid Maqbool Siddiqui and the Rabita committee.

During the meeting, the MQM-P delegation urged the importance of maintaining Sindh Governor Kamran Tessori in his current role. The MQM-P emphasized the need for continued cooperation, understanding, and support between the PML-N and MQM at the federal level. The party stressed its commitment to collaboration and support for governance, assuring ongoing efforts to further enhance the democratic process in the country. In an official statement following the meeting, the spokesperson also highlighted the commitment to boost the economic significance of Karachi for Pakistan’s prosperity.

In a joint declaration, they underscored the necessity of collaborative efforts towards the prosperity of Balochistan, affirming their mutual cooperation towards this shared goal.

PTI, GDA, and JI unite in unison against alleged election fraud SINDH

Staff RepoRt

A new political alliance is taking shape in Sindh as the Pakistan Tehreek-e-Insaf (PTI), Grand Democratic Alliance (GDA), and Jamaat-e-Islami (JI) join forces to protest against the alleged electoral irregularities witnessed during the February 8 polls. Syed Sadruddin Shah Rashidi, Chief Coordinator of GDA Sindh, convened a meeting at his residence where he hosted Haleem Adil Shaikh, President of PTI Sindh, and Hafiz Naeemur Rehman, Ameer of JI Karachi, among others.

Discussions centred on the prevailing political landscape and concerns over purported electoral malpractices during the recent general elections, fostering the groundwork for collaborative efforts. Following the deliberations, Sardar Abdul Rahim, Information Secretary of GDA, conveyed the collective decision to initiate a unified struggle. Rashidi extended invitations to the leaders of both parties to attend the upcoming GDA meeting scheduled for February 23, setting the stage for broader coordination. Amidst a backdrop of governmental and electoral commission disarray in the face of opposition pressure, the possibility of an abrupt announcement regarding the Sindh Assembly session for swearingin was deliberated upon. Consensus was reached among the leaders to mobilise party members and supporters for a vigorous protest across Sindh should such an announcement materialise. Plans for a definitive course of action will be finalised during the forthcoming meeting on February 23, following thorough consultations.

SC rules intrusion into homes without warrant violates fundamental rights ISLAMABAD

Staff RepoRt

The Supreme Court on Wednesday underscored the sanctity of citizens’ homes, stating that any intrusion without a search warrant violates fundamental rights.

“No any law permits anyone to enter homes without obtaining a search warrant, which is the inviolable right to privacy enshrined in the Constitution.”

Chief Justice of Pakistan Qazi Faez Isa observed while heading a three-judge bench, hearing the case of blasphemy accused.

“Without obtaining a search warrant the privacy of the petitioner’s home was violated. Article 8 of the Constitution gives paramountcy to the Fundamental Rights (including Article 14), which cannot be abridged, and if any law is made in contra-

vention thereof it states that it shall to such extent be void”, says judgement authored by Justice Isa. The judgment, issued while granting bail to an accused facing blasphemy charges, emphasised the paramountcy of constitutional liberties.

The bench also noted that when the police itself do not abide by the law it is a matter of grave concern. “And all the more so when a citizen’s liberty is involved. It is noted that in such cases the complainant, rather than the police, takes the lead, and also effectively takes over the investigation.

This is done in complete derogation of the law and the Constitution. The SSP stated that he will ensure that in future the law is strictly followed. He further states that he will be examining whether disciplinary action is required to be initiated against the delinquent policemen,” the order stated.

The case stemmed from an incident at Humak police station in Islamabad in July 2023. The complainant alleged encountering blasphemous content in the house of the accused, prompting police intervention without a warrant.

During proceedings, it came to light that the police failed to follow legal protocols, neglecting to obtain a search warrant before entering the petitioner’s home. Furthermore, the court highlighted discrepancies in the investigation, noting the absence of proper procedure as mandated by law.

“The illegal entry of the police into the petitioner’s house raises questions about the validity of any evidence collected,” the court stated, calling attention to potential legal transgressions.

Addressing the severity of the charges, the court remarked on the need for clarity in

legal proceedings, cautioning against hasty or unfounded accusations that could irreparably harm individuals’ lives.

The order also criticised the prolonged incarceration of the petitioner, highlighting

the need for expeditious trials to ensure justice. The court noted that the petitioner is entitled to bail upon furnishing a bail bond and one surety in the sum of Rs50,000 to the satisfaction of the trial court.

02 NEWS

PAKISTAN-CHINA CHROMIUM ORE TRADE FLOURISHES WITH 32% EXPORT INCREASE

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PROFIT

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MoNitoriNg desk

AKISTAN’S exports of chromium ore and concentrates to China have seen a significant increase, marking a positive trend in bilateral trade. In 2023, exports grew by 32%, reaching $117.68 million up from $89.28 million in the previous year, as reported by China Economic Net (CEN), citing Commerce Ministry sources.

Economic expert Ikram Ul Haq Sulehri attributed this growth to the Pakistani government’s efforts to enhance chromium ore exports to China, highlighting the competitive prices and high quality of Pakistani chromium ore as key factors driving its demand in China.

PAKISTAN HAS IMPROVED MARKET REPUTATION OF ITS CHROMIUM ORE THROUGH STRICT QUALITY CONTROL MEASURES

Pakistan has improved the market reputation of its chromium ore through strict quality control measures, adherence to international standards, and certification processes, making it a preferred choice for Chinese manufacturers. The country’s share in China’s total chromium ore imports, which stood at $5.033 billion in 2023, was over $117.68 million.

The increase in exports is linked to greater investment from Chinese companies in Pakistan and a rising demand for chromium ore products in China postCOVID-19. This trend is expected to continue, benefiting both nations economically.

UBL approves Rs1b investment in its exchange company

Sulehri also emphasized the potential for further economic growth through foreign investments from Chinese companies, which could bring advanced technology and expertise to Pakistan. This collaboration could enhance Pakistan’s manufacturing capabilities and enable the production of high-quality, value-added products for the global market.

Pakistan aims to capitalize on its rich mineral resources and strategic location to become a key global player in the minerals market, investing in infrastructure, technology, and human capital to sustain export momentum and foster economic prosperity.

FBR aims to expand export facilitation scheme to entire textile sector

PROFIT

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News desk

The Board of Directors of United Bank Limited has approved an investment of Rs 1 billion in its wholly-owned subsidiary, UBL Currency Exchange (Private) Limited (UBLCEPL). According to a filing with the Pakistan Stock Exchange (PSX) on Wednesday, this investment aims to increase UBL’s paid-up capital to Rs 2 billion in its exchange company. However, this is subject to all applicable corporate compliances and regulatory approvals.

This investment will help capitalize UBLCEPL for available expansion options and is expected to reap benefits for UBL in the future. Earlier, in September 2023, UBL announced the establishment of a wholly-owned exchange company with a paid-up capital of Rs 1 billion after the State Bank of Pakistan (SBP) cracked down on currency exchange companies to control the dollar rate in the country.

Two, three-wheelers’ sale slumps 12% in July-Jan FY24 PROFIT

ANNOUNCEMENT WAS MADE DURING INTERACTIVE SESSION WITH MEMBERS OF APTMA WHERE FOCUS WAS ON EXPORT ENHANCEMENT

LAHORE

shahab oMer

Muhammad Sadiq, Chief Collector Customs, Appraisement, Punjab, announced plans by the Federal Board of Revenue (FBR) to extend the Export Facilitation Scheme (EFS) across the full textile value chain, in a move aimed at bolstering the sector’s global competitiveness.

This announcement was made dur-

ing an interactive session with members of the All Pakistan Textile Mills Association (APTMA) where the focus was on export enhancement and addressing customs-related concerns.

The session saw significant participation from customs and APTMA officials, including Azmat Tahira, Collector Customs (AppraisementEast) Lahore, and senior APTMA members. The discussions revolved around refining the EFS and other cus-

toms processes to aid exporters more effectively.

Efforts to rectify system issues and streamline customs procedures were highlighted as priorities, with a particular emphasis on addressing the textile industry’s challenges.

The Chief Collector emphasized the commitment to resolving issues impeding the smooth implementation of the EFS and facilitating the textile sector’s export activities.

APTMA officials raised concerns regarding the integration of unused raw materials in the EFS system, pending audits, and discrepancies in tax and duty deductions.

Suggestions were made for improving the efficiency of the system, including the automatic issuance of import and analysis certificates and the elimination of redundant manual processes.

The session concluded with assurances from customs officials to tackle the issues raised by APTMA, highlighting the government’s focus on enhancing the export capabilities of the textile industry.

News desk

The sale of motorbikes and three-wheelers decreased by 12.33% during the first seven months (July-January) of the ongoing fiscal year 2023-24 as compared to the same period last year. According to data released by the Pakistan Automobile Manufacturing Association (PAMA), a total of 646,440 motorbikes and three-wheelers were sold from July to January period of FY24 against the sale of 737,393 units during the corresponding period of the last fiscal year.

As per PAMA data, Honda’s sales saw a dip of 8.22% from 612,817 units to 562,440 units whereas the sale of Suzuki motorcycles witnessed a decrease of 61.40% from 22,985 units to 8,870 units during the months under review. Yamaha also suffered a decline in sales from 7,577 units to 4,914 units. Road Prince motorbikes witnessed a sharp decline of 51.62% from 19,706 units to 9,533 units. The sales of United Auto motorcycles witnessed a decrease of 21.67% from 61,260 units to 47,984 units.

Meanwhile, the sale of United Auto threewheelers surged from 937 units to 1,715 units showing growth of 83.03%, while the sale of Sazgar three-wheelers also witnessed an increase of 21.90% from 5,871 units to 7,157 units. Qingqi three-wheeler sales decreased 31.81% from 4,410 units to 3,007 units. The slump in sales is mainly attributed to the higher prices of two and threewheelers in the country forcing the inflation-ridden customers to use public transport in metropolitans.

Electricity bills to soar as CPPA demands 96% fuel charge increase PROFIT

MoNitoriNg desk

Electricity bills are set to soar as the Central Power Purchasing Agency (CPPA) has requested an increase of Rs7.13 per unit in fuel charges for electricity consumed in January.

This adjustment is intended to generate an additional Rs57 billion for power distribution companies (Discos), marking the highest-ever fuel cost adjustment (FCA) proposed by the CPPA. The increase, nearly 96% higher than the January pre-fixed fuel cost of Rs7.50 per unit, raises questions about the power sector’s ability to predict fuel costs.

This request comes amid existing tariff hikes, including a 26% annual base tariff increase and an 18% rise under the quarterly tariff adjustment, significantly impacting consumers’ bills.

The National Electric Power Regulatory Authority (Nepra) has scheduled a public hearing for February 23 to discuss this proposal.

The CPPA’s petition attributes the proposed FCA hike to higher domestic

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RS 7.13 PER UNIT HIKE IS INTENDED TO GENERATE AN ADDITIONAL RS57 BILLION FOR DISCOS

coal and gas prices, despite lower imported fuel costs and a stable exchange rate in January.

With approximately 8,314 gigawatt-hours of electricity generated at an estimated cost of Rs114.6 billion,

the actual fuel cost surpassed the reference cost, necessitating the adjustment.

The energy mix in January saw a reduction in hydropower’s share due to annual maintenance, while nuclear power and imported liquefied natural gas (LNG) contributed significantly to the grid. The cost of furnace oil-based generation decreased, whereas diesel and LNG-based generation costs varied, reflecting changes in fuel prices and power generation dynamics.

This FCA increase, pending Nepra’s approval, will be applied to March bills for all consumer categories, with exceptions for lifeline consumers, certain domestic users, agricultural consumers, and electric vehicle charging stations.

The tariff mechanism allows for monthly adjustments in fuel costs, aiming to reflect actual expenditures in consumer billing.

High-cost thermal plants escalate electricity generation costs by 33% g

POWER GENERATION INCREASES BY 9.1% IN JANUARY TO REACH 8,314 GWH PROFIT

MoNitoriNg desk

Pakistan’s average power generation costs rose by 33% month-on-month (MoM) in January 2024 to Rs 15.50 per KWh from Rs 11.70 per KWh in December 2023 mainly due to the hefty increases in generation from higher-costing thermal plants.

Power generation also increased by 9.1% in January to reach 8,314 GWh from the previous month but down 2.3% compared to the same period last year, when it was 8,515 GWh. This increase follows lower generation levels in November and December 2023, which fell below 8,000 GWh due to reduced domestic and industrial demand.

Total electricity generation for the first seven months (July-Jan) of fiscal year 2024 remained unchanged at 77,189 GWh, influenced by economic conditions, energy prices, and a slight decrease in

Thursday, 22 February, 2024 | KARACHI

large-scale manufacturing.

Hydel power generation decreased by 50% month-on-month to 924 GWh in January 2024, its lowest in 12 months, accounting for 11.1% of total generation.

This drop is due to maintenance-related canal closures. Hydel generation is expected to recover to 20-25% in the coming months with the start of seasonal water flows.

Thermal power generation saw increases across the board to compensate for the reduced hydel output: RLNG generation increased by 19.4%, coal by 15%, and RFO by 3.5 times month-on-month.

The average cost of power generation experienced a sharp increase during January 2024, rising by 33% MoM, standing at Rs 15.50 per KWh compared to Rs 11.70 per KWh in December 2023.

The significant rise is primarily due to the hefty increases in generation from higher-costing thermal plants (RLNG, coal, and residual fuel oil (RFO)) and the

concurrent decrease from cheaper fuel sources i.e. hydel.

More specifically, the cost of generation from RFO, RLNG, and gas-backed generators stood at Rs 37.6, Rs 24.7, and Rs 14.7 per KWh, higher by 23%, 19%, and 44% YoY. The sharp increase in per unit prices of RFO and RLNG is majorly due to the depreciating exchange rate (PkR/USD: up 26%YoY), even though commodity prices of fuel oil (up 10%YoY) and RLNG (down

4.0%YoY) have remained largely stable.

Further, the higher cost of generation from indigenous gas may be linked to dual hikes in CY23, with gas prices rising from Rs 853 per MMBTU to Rs 1,053 per MMBTU, contributing to the increase.

Overall, the said exorbitant rise in energy costs during the month has resulted in the Central Power Purchasing Agency (CPPA) seeking Rs 7.13 per KWh as fuel charges adjustments (FCA) for consumer bills in March 2024.

National Savings Schemes see third rate cut in two months PROFIT

News desk

Saving money concept preset by Male hand putting money coin stack growing business.

Arrange coins into heaps with hands, content about money. The Central Directorate of National Savings (CDNS) has announced another downward revision of the rates of return on most of its National Savings Schemes, effective from February 21, 2024. This is the third such cut in the last two months, following the trend of declining inflation and interest rates in the country. According to the CDNS notification, rates of Special Savings Certificates (SSC) were decreased by 40 bps to 15.6% from 16%. The rates of Bahbood Savings Certificates (BSC), Pensioners Benefit Account (PBA), and Shuhada Family Welfare Account were reduced by 72bps, and will now offer a return of 15.36%, as compared to the previous 16.08%. The Defence Saving Certificates (DSC) will now offer a return of 13.67% return, as compared to a 14.22% return, a decline of 55bps. Rates on Short Term Savings Certificates (STSC) were reduced by 58bps, and will now yield 19.76% as compared to the earlier 20.34%. The return on Regular Income Certificates (RIC) also reduced to 14.64% from 15%, a decrease of 36bps. On the flip side, rates of Saving Account, Sarwa Islamic Term Account, and Sarwa Islamic Saving Account remained unchanged. The CDNS move comes after the State Bank of Pakistan (SBP) kept the key interest rate unchanged at 22% in its last monetary policy committee meeting, but hinted at a possible rate cut in the future.

Pakistan’s dollar bond gains ground as political dust settles

PROFIT

MoNitoriNg desk

Pakistan’s dollar bond experienced a notable upward movement in the international market as the political dust started to settle after the two big political factions agreed to form a coalition administration at the centre. Data from Tradeweb highlighted that the bonds set to mature in 2031 experienced the most significant uptick, climbing 2.7 cents to reach 61.7 cents on the dollar. In parallel, the notes due in 2026 also gained 2.6 cents, bringing their value to 76.95 cents on the dollar. The political parties PMLN and PPP on Tuesday finalised an agreement to establish a new government. This arrangement paves the way for Mr Shahbaz Sharif to potentially become a prime minister for a second term, supported by coalition partners. Meanwhile, Mr Asif Ali Zardari from the PPP is set to be the coalition’s nominee for the presidency.

Just a few days back, Bloomberg reported that the South Asian nation’s dollar bonds delivered some of the best returns in emerging markets last year, gaining over 90%. They carried much of that momentum through January as the IMF made its final disbursal under a program that also facilitated bilateral finance from friendly countries, bringing Pakistan back from the brink of default. Additionally, Bloomberg quoted Goldman Sachs saying that Pakistan’s dollar bonds will rebound, overcoming a fractured election mandate, as the leaders of the emerging coalition understand the gravity of the economic crisis and will work together to secure IMF aid. On the flip side, Fitch Ratings said 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.

NATION WON’T ACCEPT MANDATE THIEVES PDM-2: PTI SPOKESPERSON Thursday, 22 February, 2024 | KARACHI

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ISLAMABAD

Staff RepoRt

AKISTAN Tehreek-e-Insaf (PTI) has utterly rejected the malicious attempts to re-impose the mandate thieves’ clique of PDM2 on the nation with the support of the disgusting characters of the regime change conspiracy backed by the most dishonest Chief Election Commissioner (CEC) by making a mockery of the constitution and law in the country.

PTI spokesperson said that the public’s rejected group were gathered once again to stage a drama of PDM-2 in the country, which is unacceptable and intolerable.

He warned that the attempts to make the nation a slave to the certified criminals by stealing the public mandate would result in worst political instability in the country.

PTI spokesperson made it clear that the nation had given a clear mandate to PTI form government in Central, Punjab and Khyber-Pakhtunkhwa (KP) despite the unjust incarceration PTI Chairmanfor-life Imran Khan, snatching “bat” symbol and not allowing to carry out election campaigns.

He stressed that the people had given an overwhelming majority of 180 seats in National Assembly to PTI as per form-45.

PTI spokesperson urged: “It is high

Last day to file returns for reserved seat candidates ISLAMABAD

Staff RepoRt

Today is the last day to file returns to the ECP for candidates of reserved seats after the general elections. According to the Election Commission, the candidates of the national and provincial assemblies mentioned in Form-33 should submit the returns. If the returns were not submitted, the candidate’s success notification will not be issued. 82 MNAs backed by PTI have joined the Sunni Ittehad Council (SIC) while nine successful MPs from Sindh have joined the SIC. Sahibzada Hamid Raza, head of Sunni Ittehad Council, has submitted the list and affidavits of MNAs to the Election Commission.

Notification permitting pharma companies to fix medicines price challenged in LHC LAHORE

Staff RepoRt

The notification permitting the pharma companies to fix the prices of non-essential medicines was challenged in the Lahore High Court (LHC) on Wednesday. In the petition filed by a citizen Muhammad Aslam in LHC, the federal government and other stakeholders have been made respondent. The petitioner moved the court after caretaker government through a notification permitted the pharmaceutical companies due to which a large scale increase in prices of medicines was feared. The petition further stated that the government was removing the section of fixing the prices of medicines from the drug act. It said that the caretaker government doesn’t have power to make the said decision rather the upcoming democratic government can make decisions in this connection.

PML-N’s Malik Ahmad Khan emerges as hot favourite for PA speaker slot ISLAMABAD

Staff RepoRt

After gaining a majority in the Punjab Assembly in the general elections held on February 8, the PML-N’s leadership is now mulling over the names of different party stalwarts for the position of Punjab Assembly (PA) speaker, it was learnt on Wednesday.

Sources said that Malik Ahmad Khan is a strong candidate for the seat as several party leaders are in support of his candidature, while the names of Khawaja Salman Rafiq and Mian Mujtaba Shujaur Rehman are also under consideration. They have added that final consultations will be held over who could be the PML-N’s nominees for the positions of PA speaker as well as deputy speaker at the parliamentary party’s meeting.

time, we need to learn a lesson from history and should respect the public mandate, as Pakistan had to go through a tragedy like the fall of Dhaka as a result of daylight poll fraud.”

He recalled that the heirs of those who dismembered Pakistan were again active to facilitate the state’s efforts to trample on the public mandate.

Similarly, PTI Spokesperson stated that the certified thieves, who were chanting slogan of “Respect the vote”, were now trying its level best to get lion share in the booty of the stolen public mandate despite having only 17 seats in the National Assembly. He lamented that these public rejected PDM-2 group had the support of the

disgusting elements orchestrated the regime change conspiracy as well as of the most dishonest CEC in history.

However, PTI spokesperson made it clear that the people of Pakistan would not endure any attempt to make mockery of the constitution and democracy and daylight robbery of their votes come what may.

He vowed that PTI would resist all attempts to steal the public mandate in a benefiting manner.

PTI spokesperson demanded that the state decision-makers should be mindful of the situation and release the results as per Form 45 and let PTI to form the government instead of bulldozing the people’s mandate in the center and Punjab.

Pakistan Navy boosts maritime security with launch of PNS Yamama RAWALPINDI

Staff RepoRt

Launching ceremony of Pakistan Navy’s state-of-the-art 4th Offshore Patrol Vessel, PNS Yamama, was held at M/s DAMEN Shipyard Galati in Romania, the military said in a statement on Wednesday.

According to Inter-Services Public Relations (ISPR), Vice Chief of the Naval Staff, Vice Admiral Ovais Ahmed Bilgrami, graced the occasion as the chief guest, marking a momentous occasion for Pakistan’s maritime capabilities.

Vice Chief of The Naval Staff Admiral Ovais Ahmed Bilgrami during handing/ taking ceremony between Pakistan Navy and M/s DAMEN Shipyard officials during Launching ceremony of Offshore Vessel PNS Yamama at M/s DAMEN Shipyard Galati, Romania.

PHOTO: ISPRVice Chief of The Naval Staff Admiral Ovais Ahmed Bilgrami during handing/ taking ceremony between Pakistan Navy and M/s DAMEN Shipyard officials during Launching ceremony of Offshore Vessel PNS Yamama at M/s DAMEN Shipyard Galati, Romania. PHOTO: ISPR In his address, the Vice Chief of the Naval Staff emphasised the critical role of maritime security amidst prevailing conventional and non-conventional threats in the Indian Ocean Region. He

underscored Pakistan Navy’s pivotal contribution to maintaining safe and secure sea lanes crucial for maritime trade.

The induction of multipurpose and highly adaptive platforms like PNS Yamama, equipped with state-of-the-art weapons and sensors, is expected to bolster Pakistan Navy’s combat capability in safeguarding maritime frontiers and ensuring maritime security in the Arabian Sea and beyond.

The ceremony also saw the Chief Operations Officer of M/s DAMEN Group Netherlands reaffirming the his-

toric relations between DAMEN Shipyard and Pakistan Navy, dating back to 1986. He reiterated DAMEN’s commitment to delivering cost-effective, technologically advanced, and potent ships to meet Pakistan Navy’s operational requirements.

Attended by high-ranking officials from the Romanian Government and Navy, as well as representatives from M/s DAMEN and the Pakistani community in Romania, the launching ceremony showcased the strong bilateral ties and collaboration between Pakistan and Romania in the maritime domain.

SCCI chief demands demonetization of Rs5000 currency note PESHAWAR

aziz BuneRi

Sarhad Chamber of Commerce and Industry president Fuad Ishaq demanded the government and State Bank of Pakistan to demonetize Rs5000 currency note to combat corruption and black mailing and boost the economy.

The SCCI chief made this demand during an awareness session on ‘Security Features of Currency Note’ jointly arranged by Sarhad Chamber of Commerce and Industry and State Bank of Pakistan Peshawar Office here the SCCI house on Wednesday.

Fuad Ishaq said Rs5000 currency note is harmful for the country and its nullification would discourage black mailing and combat corruption and inflation. He asked SBP and commercial banks to facilitate the business community as its role is important in the economic development of the country.

The session was attended by senior vice president of the chamber Sanaullah Khan, executive members Haji Ghulam Hussain, Monawar Khurshid, Hamza Ibrahim Butt, and Aftab Iqbal, Rashid Iqbal Siddiqui, Haji Ihsanullah, Muhammad Aurangzeb, Mazharul Haq,

Atif Rasheed Khawaja, Saddar Gul, Fazl e Wahid, and Ishtiaq Muhammad, traders, importers, exporters and industrialists.

Fuad Ishaq expressed reservation over non-provision of figures about circulation of Rs5000 currency note in market and in the bank and said that the business community, traders and industrialists have played a vital role in economic stability and providing employment to many people.

Therefore, he asserted it is essential that SBP must provide figures of Rs5000 currency note circulation in the market to the business community.

During the session, he informed that senator Mohsin Aziz had presented a resolution in the Senate, demanding nullification of Rs5000 currency note, and the move was highly appreciated by the business community.

In the better interest of the country and combating corruption, he said SBP should immediately withdraw Rs5000 currency note.

Earlier, the SBP Assistant Chief Manager (Cash) Muhammad Jamal and Senior Officer Treasury Touseeq Ahmad through a multimedia presentation briefed the participants regarding security features of various currency notes.

Following holding sessions with commercial banks, Mr Jamal said SBP has started sessions with collaboration with chambers, educational institutions and other departments to create awareness about security features of currency notes and recognizing fake currency, meant to save people and the business community from huge financial loss.

As per laws, FIA and law enforcement agencies conducted actions and imposed fines against those people who were involved in printing of fake currency notes, SBP senior officials said.

They told the participants that the central bank took several initiatives to prevent the use of fake currency notes.

Govt ‘extends’ Rangers’ deployment in Mianwali for three months

MIANWALI

Staff RepoRt

The government on Wednesday extended the deployment of Rangers in Mianwali for three months, sources said.

The federal cabinet approved the Interior Ministry summary through circulation. Sources said that Ranger’s deployment has been extended on the government of Punjab’s request to maintain law and order situation in Mianwali. Furthermore, the extension in

deployment will be effective from February 22, 2024, to May 19, 2024, sources added.

Last year, the Islamabad district administration decided to extend the deployment in the federal capital for six months.

As per details, the city administration requested the interior ministry for an additional 300 Ranger personnel as a Quick Response Force (QRF).

The decision to extend the deployment was made for the strict security in Islamabad. The district administration made a written request to interior ministry for the extension.

In May 2023, the federal cabinet approved the deployment of Rangers across Punjab and Pakistan Army troops in Balochistan.

The deployment of Rangers and Pakistan Army troops in Punjab and Balochistan provinces was approved through a circular summary. The Rangers’ deployment was approved under 7 ATA.

NEWS 03

Australian High Commissioner visits shrine of Bibi Pakdaman

LAHORE

Staff RepoRt

Australian High Commissioner, Mr Neil Hawkins visited the shrine of Bibi Pakdaman on Wednesday with Embassy delegation. He was welcomed by Assistant Commissioner Dr Anam Fatima and SP civil lines Abdul Hannan and was given a tour of the shrine and was briefed regarding its history, its recent renovations including its new approach road and its place in community as an inclusive site of spiritual retreat for all genders and all sects.

The High Commissioner praised the work of shrine’s Architect Nayyer Ali Dada for successfully incorporating touches of modernity while maintaining the historic grace of the structure. The High Commissioner paid his respects at the shrine and was presented with traditional chador at the occasion. He admired the renovation work and the improved facilities for the predominantly female pilgrims who frequent the shrine.

Fauji Foods acquires Fauji Infraveast Foods, cereals business PROFIT

newS DeSk

Fauji Foods Limited (FFL) has completed the acquisition of the entire equity stake of Fauji Foundation in Fauji Infraveast Foods Limited and its cereals business, which operates under the brand name ‘Fauji Cereals’. According to a filing on the Pakistan Stock Exchange (PSX), this strategic decision follows approvals from FFL’s Board of Directors on November 21, 2023, and the consent of Shareholders on December 28, 2023. “This move marks the successful creation of a consumer food vertical within the group and is in line with FFL’s ambition of becoming an FMCG powerhouse in Pakistan,” the company said in its notice to the PSX. The merger brings together Pakistan’s most iconic brands and is expected to make Fauji Foods Limited one of the most diverse food companies in Pakistan. This is in line with Fauji Foods Limited’s strategy to own the breakfast table through its muchloved dairy brand “Nurpur” and Pakistan’s largest cereal brand “Fauji Cereals”. Through the acquisition of Fauji Infraveast Foods Limited, a state-of-the-art Pasta plant is also being added to FFL’s business. This extends the company’s portfolio to multiple culinary occasions. Earlier, on Tuesday, the Competition Commission of Pakistan (CCP) approved the acquisition of the Fauji Foundation’s cereal business by Fauji Foods Limited. The approval follows a detailed review under the Competition Act of 2010, ensuring no market competition concerns arise from this merger.

04 COMMENT

Challenges to research integrity

Thursday, 22 February, 2024

The poisoned chalice

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The PPP and the PML(N) finally agree to form the government

Much needs to be done

HE agreement by the PPP and PML(N) to form the government was probably not complicated by the need to ensure that Mian Shehbaz Sharif had the numbers in the National Assembly to form the government, but the need to ensure that there was a majority in the electoral college to make Asif Zardari President again. The numbers would have come not just from the two parties coming together, but also from the joining of several smaller parties. There would also have been the consideration of the provincial governments, which would have been needed to give the Presidency to Mr Zardari.

The provinces would have loomed large in the discussion, because the PPP also staked a claim to the Punjab and KP governorships, which would also fall to the federal government. The PPP also claimed the Chairmanship of the Senate and the Deputy Speakership of the National Assembly, which would represent the other highest offices at the Centre. It would not accept ministries, but would sit in the opposition. It might not be able to obtain the Leadership of the Opposition, which would probably go to the leader of the largest group in the House, the Sunni Ittehad Council, which the PTI-backed independents had joined only the day before, so as to get their share of reserved seats. With the formation of the government, it becomes clear that the earlier PML(N) readiness to sit on the opposition benches showed that there was a possibility of the PPP and the PTI in its SIC avatar forming the government.

Whoever made the government, it was clear that this was because of immense challenges ahead. No one really wants to hold office now, even though the very purpose of contesting elections is to take office. But with the very first task of the government being obtaining sa new IMF programme, while walking a tightrope between inflation and default, all the while facing an officialdom which wants vast sums, any government thrown up by this National Assembly would be bound to have difficulties. It is symptomatic that the PPP has opted to remain out of government, and thus able to dissociate itself from any measures that the government might take. However, the government’s very weakness might prove its strength, as it is not long to passing the next budget, which the PPP must either support, however unpopular it is, or bring down the government.

T

dr Zafar Khan safdar

HE pursuit of knowledge through research is a fundamental pillar of higher education.

Research is the lifeblood of academia, driving innovation, progress and the dissemination of knowledge.

Universities and educational institutions play a pivotal role in fostering research culture, yet concerns have been raised about the quality and integrity of research conducted in Pakistani universities.

Pakistan’s higher education landscape has grown significantly in recent decades. However, it faces numerous challenges, including limited research funding and resources, outdated infrastructure, barriers to international collaboration and insufficient faculty development.

While research is recognized as an integral part of the university experience, contributing to both individual growth and the advancement of knowledge that equips students with valuable skills and experiences relevant to their academic and professional journeys, the existing gap in research output is a matter of concern.

Low citation rates can be indicative of the impact and recognition of research in Pakistan. High-quality research often garners more citations, and this, in turn, can attract more attention and funding for further research.

Developing a robust research culture takes time and concerted effort. A strong research culture includes a focus on innovation, critical thinking, and knowledge dissemination. This might involve fostering a culture of curiosity, academic mentorship, and promoting interdisciplinary research. Adequate funding is essential for conducting high-quality research.

The allocation of funds for research, whether from

government sources, private sector investment, or international grants, plays a critical role in the research ecosystem. When funds are scarce or misallocated, it can stifle research progress.

Modern research often relies on state-of-the-art facilities and equipment. The absence of such resources can hinder researchers’ ability to conduct cutting-edge experiments and studies. Investing in infrastructure and technology is crucial for overcoming this challenge. Addressing these issues and closing the research gap in Pakistan requires a multi-faceted approach.

The government, private sector, and international organizations can collaborate to increase funding opportunities for research. This includes research grants, scholarships, and funding for infrastructure development. Institutions can invest in training and capacitybuilding programs for researchers and students. This might involve workshops on research methods, ethics, and communication skills. Encouraging collaboration with international researchers and institutions can help bridge the research gap. Joint projects, exchange programs, and access to global research networks can enhance the quality and impact of research.

Upholding research ethics is crucial for building trust and credibility in the research community. Institutions should have clear guidelines on plagiarism, data manipulation, and authorship. Improving research facilities, laboratories, libraries, and access to online databases can significantly enhance the research environment. Recognizing and rewarding highimpact research, whether through awards, promotions, or tenure decisions, can motivate researchers to excel.

It is important to note that addressing these challenges is a long-term endeavour, and it requires cooperation between government agencies, academic institutions, industry partners, and the research community itself. By addressing these challenges, Pakistan can make strides in contributing to global research and innovation.

Online technologies have revolutionized research globally. Access to vast digital libraries, academic databases, and research tools has the potential to boost research productivity. However, their influence in Pakistan’s higher education sector has raised questions about ethical research practices. Plagiarism remains a pervasive issue in Pakistan’s universities. It manifests in various forms, from verbatim copying to paraphrasing without citation. The prevalence of plagiarism damages the integrity of research and erodes academic values.

The cut-and-paste culture involves the direct copy-

Proactive measures pertaining to research integrity concerns, including increasing consciousness and encouraging novel research, must be implemented. Our colleges and universities should prioritize research ethics education, foster quality research, and promote open access and collaboration, thereby restoring research ethics and academic excellence.

Dedicated to the legacy of late Hameed Nizami

Arif Nizami (Late)

Anything but democracy Founding Editor

M. A. Niazi

Babar Nizami

Editor Pakistan Today

Editor Profit

The country must tread very carefully

T

MuhtasiM afridi

HE twelfth general elections, held on February 8, have created an atmosphere of uncertainty and distrust. A very famous quote which is commonly attributed to Mark Twain, “History does not repeat itself but it often rhymes”, can be well-applied to the situation of each general election in Pakistan. The circumstances and settings may have been different, but the same phenomena occur repeatedly. As written by the former Pakistan Tehreek-e-Insaf (PTI) chairman, in an article for The Economist, “Pakistan’s Election Could Be a Farce”, validates the current situation. The footprints of external forces persuading the outcome of the people’s mandate are no longer covert from the eyes of the world.

Numerous US journalists have spoken about the ill conduct of general elections as it poses a huge question to democracy. With international media, including CNN, BBC, AlJazeera, Financial Times, and several other

Besides, the lawmaking body needs to pull the reins and get hold of the situation or else it will further strengthen the revolutionary thought of the people against the government institutions. In addition, external forces shall never be in any way allowed to influence the turnout of the general elections, otherwise democracy would just become an illusion in the country.

mainstream broadcasting outlets showing their deep concerns towards the transparency of the 2024 general elections, it will be hard for the Election Commission of Pakistan to confront the allegations of rigging.

This time, a vast number of people had registered to cast their votes in the general elections– including overseas Pakistani citizens who arrived from foreign countries specifically for this watershed event. According to FAFEN, about 60 million people took part to exercise their right to vote– making it the largest number of voters in the history of Pakistan. Such a huge number of participants shows that people are not only interested in change but they sternly believe in democracy. However, the misadventure on the very next day of the polls turned the tables and the whole nation was left in doubt.

Prior to polls, each party struggles to gain as much support as possible by carrying out election campaigns, which is their constitutional right. However, for the members of PTI, things have been different. As evident from reports, many of the party workers were detained and a level playing field was absent. Despite a severe crackdown on PTI members and its supporters, the party remained the most popular in the country and people have shown outstanding support in the form of votes.

Democracy, as defined, is “the government of the people, for the people, and by the people”, which means that in a democratic state, it is the people who choose their leader. Any party leading with a majority of votes can form a government.

It is totally against the principles of democracy that some external elements are trying to steal the mandate of the people. Pakistan is not new to this misfortune as similar events have occurred before too. However, amid political chaos, the government is once again jammed, with very limited options to resolve the issue of seat distribution.

The authorities should combine to bring transparency and openness to the system in order to restore people’s trust in the government. Unlike any other democracy, in Pakistan, the authority over decision-making has perhaps remained in the

Lahore – Ph: 042-36300938, 042-36375965

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Karachi – Ph: 021-32640318 I

The writer is Ph.D in Political Science, and visiting faculty at QAU Islamabad. His area of specialization is political development and social change. He can be reached at zafarkhansafdar@yahoo.com and tweet@zafarkhansafdar.

Editor’s mail

hands of the establishment– to fulfil its interests.

Each general election held in the past may be called anything but democratic– given the meddling of the institutions. This is indeed high time for the ECP and the establishment to reflect on mistakes and think about that one narrative which has the majority. If it is not about the will of the people then what is the purpose of democracy?

While the caretaker government is dealing with the results of the general elections, a rocky road waits for Pakistan’s economy. The nucleararmed nation is currently battling with multiple problems, where economic instability is at the top. The national debt is $131 billion– while it continues to increase, and it is forecast that by 2028 it will touch $409.63 billion. Last year’s deal with the IMF has saved Pakistan from default, but the country cannot be left at the mercy of external aid.

In addition, due to increased unemployment and low income, poor and middle-class families are struggling with financial problems. The suicide cases are on the surge– given the all-time high rates of electricity and gas. If inflation continues to increase, it might compromise the survivability of the population. As a result, there is a desperate need for a government that has an economic plan for the future.

Moreover, it will be hard for the ECP to recover its already torn image because this time it has intensely worried the democratic powers.

However, national unity and strong communication between all the parties is the need of the hour. The leaders of the largest parties (PML-N, PPP, and former PTI) should pave the way for cooperation and reconciliation. The population of 240 million is already done with longstanding political and economic instability. Besides, the lawmaking body needs to pull the reins and get hold of the situation or else it will further strengthen the revolutionary thought of the people against the government institutions. In addition, external forces shall never be in any way allowed to influence the turnout of the general elections, otherwise democracy would just become an illusion in the country.

The writer can be at: muhtasimafridi166@gmail.com

Islamabad – Ph: 051-2204545

ing of text or content from online sources into research papers, assignments, and theses. Researchers resort to this practice due to convenience, time constraints, or a lack of understanding of proper citation. This culture undermines the essence of original research. Plagiarism and the cut-and-paste culture have severe consequences. They undermine academic integrity, devalue degrees, and damage the reputation of institutions. Additionally, they hinder genuine research progress and innovation. Research conducted without proper citation lacks credibility and authenticity. One significant factor contributing to plagiarism is the lack of formal training in research ethics. Many students and researchers are unaware of the ethical guidelines for conducting research, citing sources, and avoiding plagiarism. Incorporating research ethics education into academic programs is essential. The pressure to publish in academic journals, often prioritizing quantity over quality, is a significant driver of unethical research practices.

Researchers may resort to shortcuts like plagiarism to meet publication targets. The emphasis should shift towards the quality and impact of research.

Limited access to academic journals, research databases, and modern research tools can lead researchers to plagiarize or copy-paste content. This issue can be alleviated through institutional support, subscriptions to digital libraries, and collaborative partnerships. To combat plagiarism and unethical research practices, institutions must prioritize research ethics education. This should include mandatory courses on proper citation, research methodologies, and the consequences of academic misconduct.

Academic institutions should prioritize quality research over quantity, encouraging innovative and impactful work. Open-access publishing and collaboration with international scholars can improve access to quality resources. Research integrity issues in Pakistani universities, such as plagiarism and cutand-paste, undermine academic degrees’ credibility and hinder research progress.

In order to tackle these obstacles, proactive measures pertaining to research integrity concerns, including increasing consciousness and encouraging novel research, must be implemented. Our colleges and universities should prioritize research ethics education, foster quality research, and promote open access and collaboration, thereby restoring research ethics and academic excellence.

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Contaminated water

THE Metroville III area is being supplied sewage-mixed water for the last few weeks. The residents have lodged complaints to the local union council (UC) office. Besides, they also held meetings with the UC chairman, and submitted written complaints to the Karachi Water and Sewerage Board (KWSB), but there has been no positive movement.

This is a busy city area, not a remote region, and yet the apathy is continuing. All respon- sible political affiliates who are asso- ciated with the UC, KWSB and other administrative authorities have failed to provide a basic necessity to the people. They are too busy celebrating or mourning the election results, it seems.

SYED NOORUL AHMAD KARACHI

Flood victims

EARLIER this month, floods affected several areas of Turbat, such as Sami, Nasirabad, Dasht and Tump. They displaced many people, and caused damage to their crops, houses and other belongings. In Sami village, nine people lost their lives due to floods. People do not have access to basic necessities, such as water and electricity.

The people living in this area are dealing with numerous challenges.

The affected people need attention. The government should take immediate and effective measures to provide food, drinking water and shelter to these people.

ZAMEER ILLAHI AWARAN

Foothpath encroachment

THE menace of encroachment on footpaths in Saddar, specifically to the side of Gharhyalli Building onwards till the Regal Chowk-Abdullah Haroon Road junction, is bothersome. The shopkeepers have encroached upon the footpaths permanently. They have built moveable showcases that are drawn outside with hardly any space left for pedestrians during the day. Motorcycles and cars are parked adjacent to the footpath, forcing the people to walk on the road with shopping bags in their hands. Women and children are particularly troubled. It is high time the width of the footpaths was standardised by the relevant authorities, and the erring shopkeepers were brought to the book.

IFTEKHAR AHMED KARACHI

Costly pilgrimage

EVERY Muslim wishes to perform the holy pilgrimage at least once in one’s lifetime, but it seems as if for the people in Pakistan, the pilgrimage will remain a dream due to the soaring prices of tickets and hotels. The average cost of the pilgrimage for a Pakistani has crossed the million-rupee mark. People who save up for decades are completely unable to gather enough money for the pilgrimage now. This is a huge concern as many Muslims are deprived of an opportunity to fulfil this religious obligation due to the economic crisis that the country has been going through for a long time. The worse thing is that there is no immediate sign of recovery from the prevailing situation. With every passing day, the pricies are going higher and higher, and the dream of undertaking the journey looks even more distant than ever.

SAFIULLAH FAISAL SHEIKHUPURA

Web: www.pakistantoday.com.pk

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Email: editorial@pakistantoday.com.pk

COMMENT 05

Pakistan’s deepening instability

Thursday, 22 February, 2024

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Commissioner Rawalpindi’s statement leaves the country shaken

Qamar BaShir

S the political landscape unfolds, the challenges of forming a government in the centre become starkly apparent. The PML(N) faces the dilemma of compromising its principles by aligning with the PPP, leading to its refusal to accept the premiership for Mian Nawaz Sharif. Similarly, the PPP shows reluctance in vying for the top position, instead accepting the Presidency for Asif Ali Zardari. Despite the PTI’s claim to over 170 seats, reduced to 93 amid allegations of rigging, it finds itself sidelined, allegedly due to the establishment’s hostility towards the PTI Chairman.

This unprecedented situation sees no party willing to take power at the centre, focusing instead on provincial governance.

Both the PML(N) and PPP hesitate to lead due to political uncertainty and economic challenges. While concerns about inflation, balance of payments, and trade persist, the elephant in the room— that is, the underlying political instability— casts a long shadow over the nation’s future.

The call for nationwide protest against alleged massive and rampant rigging across the country, by a formidable alliance of PTI, JUI, JI, and GDA, has added another thick layer to the already complex and highly unstable political scenario.

At this critical juncture, the public statement from the Commissioner Rawalpindi Division, Liaqat Ali Chattha, added yet another layer of turmoil to the country’s already unstable political landscape.

His shocking admission of forcing subordinate officers and staff to engage in large-scale election rigging during the 2024 elections in Rawalpindi division sent shockwaves throughout the nation. Chattha revealed how he allegedly aided thirteen candidates by unlawfully securing their victories, even resorting to adding 50,000 forged votes and declaring rightful winners as losers with a lead of 70,000 votes.

Driven by his troubled conscience, nights of restless sleep compelled him to step for-

ward and publicly confess to his role in the mass rigging.

This revelation marks the fourth resignation in as many months by individuals who dared to defy the oppressive might of the state. Their courage to stand up for justice and truth, despite the personal sacrifices of their careers, privileges, and prestige, highlights a deeper struggle against the looming threat of economic, financial, and political collapse. Each resignation serves as a testament to the enduring battle for integrity and accountability in a nation teetering on the brink of crisis.

The recent spate of resignations, including those of two Supreme Court judges, one Lahore High Court judge, and now a top bureaucrat like the Commissioner of Rawalpindi Division, has plunged the nation into turmoil. In a startling press statement, the Commissioner admitted to committing heinous crimes that destabilized the country, likening it to a betrayal of one’s own nation. He revealed how many of his subordinates, despite their reluctance, were coerced into participating in these nefarious activities.

The glaring question that arises is why the perpetrators who pressured him into these actions remain untouched while he bears the brunt of the consequences. It prompts deep reflection on the motivations, compulsions, and thought processes of those masterminding such despicable acts.

What drives them to manipulate elections, undermine democracy, and strip the people of Pakistan of their rightful voice and power? These are questions that demand answers and shed light on the darker underbelly of our political system.

There are four power bases which could have leverage, means and weapons to force the entire administration of the country to allegedly do disservice to the country to the extent of jeopardizing the very soul of the county and pushing the country to the brink of internal chaos, economic and financial collapse and political instability. These four bases of power are : the Interim government, Election Commission of Pakistan, the PML(N) and the establishment.

The blame for the alleged rampant, audacious, and shameless acts of election rigging, which have robbed a political party of its rightful mandate and undermined the

sanctity of votes, falls squarely on the interim government, bearing approximately 90 percent of the responsibility. Under the constitution and the law of the land, the entire bureaucracy, whether civilian or military, is subordinate to the interim government, granting it significant leverage over civil servants. The interim government possesses the authority to transfer, sideline, or suspend civil servants, thereby depriving them of their duties and benefits.

It can subject them to inquiries, suspension, or even dismissal from service. Yet, despite these intimidations, the interim government does not yield enough power to coerce civil servants into unwillingly committing such egregious acts of betrayal against the nation. strike at the very heart of democracy and undermine the collective will of 250 million people.

In the intricate web of power dynamics during elections, the Election Commission emerges as the second force or institution with some semblance of authority over District Returning Officers (DROs). However, having been ingrained within the civil bureaucracy for over three decades, I can attest with absolute certainty that the Election Commission, despite its perceived power, lacked the influence or clout to compel the civil administration— the most potent institution within the civilian sector— to perpetrate such a heinous and outrageously shameless act of election rigging.

The third potential force in this intricate power play could indeed be PML(N), envisioned as the assured victor poised to govern both at the center and in Punjab.

Drawing from personal experience, I’ve witnessed the subtle alignment of the bureaucracy with the prospective government, offering support overtly or covertly. The PML(N), renowned for its skill in fostering enduring loyalties within the civil bureaucracy, holds the capacity to reward its supporters once in power. However, despite these influences, they are insufficient to coerce or compel the civil bureaucracy into perpetrating such a heinous crime, one that has dangerously edged the country toward civil strife.

The other potential force at play in this intricate power play is the establishment, known for its history of acting independently, disregarding civilian command and

control and rendering them immaterial, toothless, and inconsequential. Allegedly, the establishment has asserted its dominance over the civilian government, parliament, and judiciary, making it clear that their power extends only within the confines of civil domains and holds no sway over the establishment’s decisions and actions. They have effectively communicated that the application of the constitution and the law of the land ceases to operate once within the limits of cantonment. Furthermore, they have asserted that all pillars of the state and civilian institutions are subordinate to them, allowing civilian institutions to act only within the limits set by the establishment.

Allegedly, in the weak and fragile democracies, the establishment wields its control through a combination of lethal force and superior kinetic means, surpassing those possessed by civilian security agencies. They leverage their dominance by setting aside legal constraints and act with impunity. In weak democracies, where public awareness and collective will are lacking, civilians lack the means to enforce their authority over the armed forces. This imbalance enables the establishment to flout oaths, disregard the constitution, and perpetrate acts of violence against civilians unchecked. This stands in stark contrast to established democracies, where collective empowerment enables civilians to enforce civilian control over the armed forces and security agencies, ensuring adherence to legal frameworks and protection of civil liberties.

The establishment exercises its leverage over civilian administration through sheer force and intimidation, exploiting its impunity to employ a range of unlawful tactics.

Including but not limited to intimidation, harassment, abductions, and character assassinations with impunity. These tactics extend beyond the target to their families, subjected to humiliation, threats, and physical, emotional, and mental torture until they capitulate. Mr. Chattha’s cunning acknowledgment of responsibility, shifting blame away from the armed forces, underscores this reality, highlighting the lengths to which individuals are coerced to conform to orchestrated agendas.

The first counter to rubbish the statement was by the spokesperson of Punjab government who declared Chatta as lunatic,

insane, driven by his vicious desire to create political space after his retirement. The second was the PML(N)’s Maryam Aurangzeb who termed him a part of a large conspiracy against the nation and demanded a deep check on him to unearth the actual vicious purpose of his malicious assertion. Third in line was none other than the Chief Justice of Pakistan in his unofficial and informal and unprecedented media statement that said that it is easy to blame but difficult to prove. The PTI, JI and JUI(F) termed it a vindication of their claims of massive rigging in the elections which turned many loser winners and vice versa.

The PTI’s call for an independent inquiry to uncover the truth and restore their stolen seats raises a crucial question: Who will lead this investigation? Will it be conducted by police officers, FIA or IB teams, a JIT, or the judiciary? However, in all these scenarios, the members of the inquiry body are either civil servants or judges, all ultimately subordinate to the incumbent government and the superior judiciary. This raises concerns that the inquiry report may lack substance or truth, as it could be influenced to favor certain interests.

Hence, it is crucial for the interim government to either incorporate representatives from all contesting political parties into the inquiry committee or enlist the assistance of independent international experts. This strategy is vital to guarantee a transparent and unbiased investigation that can hold accountable those responsible for betraying the trust of Pakistan’s 250 million citizens. By restoring the true mandate and rightfully awarding victory to the deserving candidates, we can pave the way for sustainable political, economic, and financial stability in the country.

The writer retired as Press Secretary the the President, and is former Press Minister at Embassy of Paikistan to France and former MD, Shalimar Recording & Broadcasting Company Limited

The time for a Palestinian state is now The United States must be held

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NEWSWEEK

SamEr Sinijlawi

LL the stars are aligning. President Biden announced his Middle East Doctrine, the Saudis signaled their intentions to normalize relations with Israel, and all the other Arab countries, including Egypt, Jordan and UAE, are willing to engage in a new regional arrangement that will be able to guarantee security to Israelis and national aspirations to Palestinians.

Peace between Palestinians and Israelis based on the two-state solution is on the horizon, and it starts with the Biden administration immediately recognizing a Palestinian state. Such a recognition—indeed, the creation of a Palestinian state itself—would kill three birds with one stone. It would isolate Iran’s proxies and agents in the region, of strategic interest not just to Israel but to the U.S. as well. It would also open the door for a U.S.-Saudi security alliance involving Saudi normalization with Israel. Most importantly, it would end the war, ensuring the release of all remaining Israeli hostages and the comprehensive Israeli withdrawal from the Gaza Strip.

It is imperative to ensure that Israeli forces do not have cause to return to Gaza and to end the Israeli siege. Security arrangements must include an Arab transitional force with the task of securing borders and controlling those who threaten Palestinians or Israelis.

The formation of this Arab force comes with a clear mandate and specific timeframe: Its main task is to receive Gaza from the Israeli forces in an organized way and hand it over to the new Palestinian government, to ensure security arrangements on the Gaza border with Israel and guarantee security for both peoples.

In line with these international and regional intentions, the plan must include two Palestinian leaders who are both opponents of Palestinian Authority Pres-

O

ident Mahmoud Abbas—Mohammed Dahlan, currently one of the most influential Palestinian political leaders, and Dr. Naser Al Kidwa, the strongest candidate to lead a potential day after unified reform government. The day after this war will require an enhanced PA with appropriate powers. Mr. Abbas should remain President of the Palestinian Authority with all the current symbols and privileges of that office, including his residence, office, staff, transport, and a budget. The President as nominal Head of the Palestinian institutions would carry out a ceremonial role like the presidents of Italy or Germany. But executive and legislative powers must pass to a new unified government and be transferred through a prime minister responsible for the West Bank and Gaza.

Much of Gaza has faced severe destruction. The north is largely uninhabitable and without water, sewage, or power. We should comprehensively assess the power plants and electrical lines, desalination plants, reservoirs and water carriers, housing stock, hospitals, schools, farmlands, and all critical infrastructure. We should start planning this immediately, relying on satellite imagery and crowd sourced analysis. President Biden needs to decide if he wants to go down in history as the president who signed the two state solution’s birth certificate and laid out the foundation of a new Middle East built on stability, integration, cooperation, security and economic development—or if he wants to be remembered as the president who signed the death certificate of the two state solution and left the region sinking in its own misery. We have a small window to end all this madness. The time is now.

Samer Sinijlawi is a political activist and a Palestinian political commentator from East Jerusalem. He is a Fatah opponent to the Palestinian president Mahmoud Abbas and he is chairman of the Jerusalem Development Fund.

Political deepfakes: voters can’t believe their own eyes GUARDIAN Editorial

NE hundred years ago, just a few days before a British general election, the Daily Mail published a sensational letter purportedly written by Grigory Zinoviev, the head of the Communist International.

The paper claimed that it revealed “a great Bolshevik plot to paralyse the British army and navy and to plunge the country into civil war”, and showed that the Labour government’s real masters were in Moscow. It probably contributed to Labour’s defeat. An official investigation in the 1990s found it was forged by an MI6 agent’s source.

Political disinformation campaigns bolstered by fakes are nothing new, and the digital revolution has turbocharged them. But AI is further democratising disinformation – making it easier, cheaper and quicker than ever to produce forgeries. What once looked like an approaching threat is now an immediate issue. Sadiq Khan, the mayor of London, said last week that faked audio supposed to capture him making incendiary remarks about Remembrance weekend almost caused serious disorder after it was widely shared by the far right. In January, a faked robocall, apparently from Joe Biden, urged Democrats not to vote in the New Hampshire primary. In a year that will see more than 40 national elections worldwide, the issue is likely to be evident as never before.

Forensic tools to detect faked or manipulated images or audio are trailing far behind the tools to create them. And even where material can be disproved, that will take time, when polls may be only days away. The improving quality of deepfakes means that

viewers and listeners are being asked to suspend trust in their own senses. That increases the likelihood that even when “recordings” or images have been comprehensively discredited, it will not fully dispel the beliefs and sentiments they have generated. Some voters will simply refuse to believe that faked material is not genuine, suggesting it is the denials that are suspect. And a flood of fake content may simply drown out other issues for the public.

There’s also a risk that genuine material is more easily discredited, or cannot be verified sufficiently to be run by major news organisations. In 2016, Donald Trump privately suggested that the Access Hollywood audio tapes might not be authentic. How much easier it would now be for him to claim that publicly and aggressively. Politicians and officials are still getting to grips with the challenges posed by AI, including in politics. Regulation is an essential part of the response, though must be done sensitively to protect civil rights. More companies are joining the Content Authenticity Initiative. OpenAI’s image generator has begun adding watermarks to image metadata. The unscrupulous will always find help somewhere, but since low cost and ease of creation is part of the problem, making production harder is part of the solution.

Forged material can quickly spread, via social media, to people who never read or watch news headlines. So tackling distribution is crucial, although this risks putting even more power in the hands of tech giants. Finally, it is essential to foster a discriminating attitude towards online material, just as towards spoken gossip and rumour. That means not only educating children to critically analyse what they see online, but also encouraging adults to do so – instead of ministers promoting conspiracy theories and undermining responsible media organisations for partisan purposes.

accountable for its ‘war on terror’ crimes High-level US officials are yet to face justice for their roles in the US torture and rendition programmes

O

AL JAZEERA

Yumna rizvi

N January 16, the European Court of Human Rights issued an important ruling in the context of accountability for abuses perpetrated during the United States-led “war on terror”. In the case of Mustafa al-Hawsawi v Lithuania, the court found that the latter violated the European Convention on Human Rights due to its complicity in the CIA’s secret detention programme and its mistreatment of al-Hawsawi, a Saudi national.

Lithuania was ordered to pay compensation to the victim worth $108,660 for the time he was at “Detention Site Violet”, a CIA black site it hosted. Al-Hawsawi is currently detained at the Guantánamo Bay detention centre, alongside 29 other Muslim men.

This judgment is the latest in a series of court rulings holding European countries accountable for their involvement in post-9/11 abuses. The European Court previously ruled against Poland, Romania, Italy and Macedonia.

Other European institutions, including the European Parliament and the Council of Europe, as well as individual European countries, have also taken measures for accountability, although they have not always been ideal. The UK paid over $28.8m to Iraqi victims for documented war crimes and abuses during its involvement in the US-led invasion of Iraq.

Additionally, compensation was provided to British citizens detained in Guantánamo and to two Libyan families who were kidnapped and tortured with the help of British intelligence. However, the UK abandoned an independent inquiry into post-9/11 extraordinary rendition and torture by its forces and closed an investigation into alleged crimes in Iraq.

Italy convicted in absentia 23 Americans, including CIA agents and an air force colonel, for kidnapping Hassan Nasr, an Egyptian imam based in Milan and handing him over to Egypt, where he was tortured. An Italian court also sentenced the former military intelligence chief and his former deputy to 10 and nine in jail respectively for their involvement in the case.

Sweden compensated Mohammed Alzery and Ahmed Agiza, who were forcibly deported to Egypt at the request of the CIA and tortured. Prosecutors also opened investigations in France, Portugal and Spain over the CIA’s use of their airports for renditions, although they did not result in formal charges. There remains an ongoing criminal investigation into CIA activities in Poland.

Canada, too, apologised and paid $8.1m to Omar Khadr, a Canadian national, over its role in his imprisonment in Guantánamo; it also compensated Maher Arar, another Canadian national, with the same amount over its role in the US government’s decision to deport him to Syria, where he was detained for a year and tortured.

While these court cases and settlements highlight efforts to bring to justice European and other countries complicit in the abuses perpetrated during the “war on terror”, they underscore the persistent lack of accountability for the US,

its chief architect and leader.

As a state party to the Convention against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment, the US is obligated to provide redress to survivors of torture carried out by its government forces. But legal barriers have often prevented survivors from pursuing justice in US courts.

By invoking the state secrets privilege, for example – most recently used in the United States v Zubaydah case – the government can withhold information it deems sensitive to national security. In the lawsuit filed by Abu Zubaydah, a Saudi-born Palestinian man currently held in Guantanamo, the defence sought evidence about his torture that the government argued would harm national security; the Supreme Court ruled in the government’s favour.

Similarly, historically, court dismissals, have been the result of the US government citing immunity – which has protected its forces as well as private contractors.

The US has also bypassed global and regional instruments of justice. It has warned of reprisals against the International Criminal Court if it launches an investigation into US crimes in Afghanistan. Additionally, it maintains that the American Declaration of the Rights and Duties of Man is not binding, rendering decisions and recommendations from the Inter-American Commission on Human Rights (IACHR) nonbinding. In 2020, the IACHR found the US responsible for the torture, abuse and indefinite detention of Djamel Ameziane, a former Guantanamo detainee, and recommended the US compensate him, which the US government has not done so far.

There have been only minimal steps towards accountability within the US judicial system. An investigation into abuse at Abu Ghraib prison resulted in the court martial of 11 low-level soldiers. An Obama-era investigation into 101 CIA interrogations that used “enhanced interrogation techniques” found only two merited further inquiries. In 2012, the investigation was closed without further action.

According to Human Rights Watch, out of 506 claims made as of 2007 under the Foreign Claims Act, which allows foreign nationals to seek compensation, there is a record of only one being paid – $1,000 for unlawful detention in Iraq.

Settlements were reached in two lawsuits against private military contractors. In 2013, a defence contractor paid $5.28m to 71 former detainees held in Abu Ghraib and other black sites. In 2017, a case brought by the American Civil Liberties Union on behalf of three torture victims reached a confidential settlement with psychologists James Mitchell and Bruce Jessen, who were paid over $80m by the US government to create the torture programme. And despite 18 dismissal attempts, a lawsuit launched by four Iraqi torture victims against government contractor CACI International for torture at Abu Ghraib is heading to trial.

These lawsuits and investigations have fallen short of adequately addressing the scale and severity of the harm inflicted on victims during the “war on terror”. Lack of redress further compounds the suffering of those who have endured physical and psychological trauma. To date, no senior government or military official has been held responsible for post-9/11 policies and actions.

The US remains unwilling to face accountability for acts of torture, as it continues to detain 30 men in Guantánamo in conditions that amount to ongoing cruel treatment. It is long past due for a reckoning. The US is not above international law and must not be allowed to continue dodging justice.

Yumna Rizvi is a Policy Analyst at the Center for Victims of Torture in Washington, focusing on human rights and national security, and refugee and asylum protections. She has appeared on Al Jazeera, Voice of America Urdu, and spoken at the European Parliament.

c e p p a s

06 NewS

EXCLUSIVE: US TARGETS CHINA’S TOP CHIPMAKING PLANT AFTER HUAWEI MATE 60 PRO, SOURCES SAY

T

PROFIT

reuterS

HE Biden administration is turning up the heat on China’s top sanctioned chipmaker by cutting off its most advanced factory from more American imports after it produced a sophisticated chip for Huawei’s Mate 60 Pro phone, three people familiar with the matter said.

Late last year, the Commerce Department sent dozens of letters to U.S. suppliers to Semiconductor Manufacturing International Corp (SMIC), suspending permission to sell to its most advanced plant, said two people familiar with the matter who requested anonymity because they were not authorized to speak publicly about the matter.

While many companies had already stopped selling to SMIC South, as the unit is known, the letters halted millions of dollars worth of shipments of chipmaking materials and parts from at least one supplier, Entegris, one of the people said.

Reuters found no evidence that Entegris had violated any U.S. laws or regulations.

Entegris said it made the shipments in accordance with a valid export license and

Thursday, 22 February, 2024 | kaRaChI

halted them after receiving letters from the Commerce Department suspending permission to send products to SMIC South.

The Massachusetts-based company, which produces filters, gases, chemicals, and products for handling wafers, the building blocks for making chips, said it monitors and complies with the “rapidly evolving regulatory requirements” for international trade affecting the chip industry.

SMIC did not respond to a request for comment. Huawei, the White House and the Commerce Department declined to comment. “This is out-and-out economic bullying and will inevitably backfire,” said a spokesperson for the Chinese embassy in Washington. “We urge the U.S. side to stop overstretching the concept of national security and abusing the state power to suppress Chinese companies.

The license suspensions by the Commerce Department, first reported by Reuters, show the Biden administration has taken action against SMIC amid rising pressure from Republican China hawks to stem the flow of U.S. technology to the company and degrade its ability to make sophisticated chips. That pressure has built since August, when sanctioned Chinese

Plantation ceremony was held at the Habib University, Urban Forest

Al Baraka Bank (Pakistan) Limited initiates its ‘Tree Plantation Drive 2024’, with the aim of protecting the environment and combating climate change and its impact in Pakistan. In line with the flagship initiative of "One Tree Per Staff Every Year”. The Plantation ceremony was held at the Habib University, Urban Forest in Karachi on February 20th, 2024. On Behalf of Al Baraka, it was led by Dr. Jehad El-Nakla, Chairman of the Board of Directors, along with Mr. Azhar Hamid, Independent Director, and Mr. Muhammad Atif Hanif, CEO of Bank. Joining from Habib University were Mr. Rafiq M. Habib, Chancellor and Mr. Wasif Rizvi, President. At the event, a considerable number of plants were planted, symbolizing commitment of Al Baraka Bank (Pakistan) Limited to the national objective of sustainable development as the Bank continues to play its part in instilling Environmental Social Governance (ESG) practices in Pakistan. Commenting on the occasion, Dr. Jehad El-Nakla, Chairman of the Board of Al Baraka Bank (Pakistan) Limited said, “ABPL, as a responsible corporate entity, is committed to contributing towards achieving the Sustainable Development Goals (SDGs), particularly in Climate Action, along with other global SDGs. The "One Tree Per Staff Every Year by ABPL," demonstrates our commitment to fostering a greener banking environment in Pakistan. Ensuring a structured horticultural contribution from the banking industry can significantly bring a positive impact on the environment.” At the end of the plantation drive, Dr. Jehad El-Nakla, Chairman of the Board of Al Baraka Bank (Pakistan) Limited presented souvenir “Pakistan’s First Originated & Produced Extra Virgin Olive Oil” to Mr. Rafiq M. Habib, Chancellor, Habib University & Mr. Wasif Rizvi, President, Habib University.

CPC issues revised regulations on disciplinary inspections

tions. SMIC was added to the same list in 2020 for alleged ties to the Chinese military industrial complex. Both companies have previously denied wrongdoing.

Being added to that list usually bars U.S. companies from selling to the targeted firms, but Trump gave the green light to shipments of certain items to Huawei and SMIC, allowing billions of dollars in U.S. goods to flow to them over the last few years.

The Biden administration unveiled new rules in October, 2022, which effectively banned U.S. suppliers from sending semiconductor tools and materials to advanced Chinese-run chipmaking factories in China including SMIC South. But U.S. rules allowed companies with preexisting licenses — which generally are valid for four years — to keep supplying the facility.

Entegris shipped chipmaking parts and materials to SMIC South between October 2022 and the end of last year, a person familiar with the matter said.

China accounted for 16% of Entegris’ $180 million in sales last year, the company said in its 2023 annual report, noting that recent U.S. export regulations “have reduced our ability to sell our products in China and

China terms US veto to cease-fire resolution in Gaza as ‘license to kill’ ISLAMABAD

Staff CorreSpondent

Following the U.S. veto on a Security Council draft resolution that would have demanded an immediate humanitarian cease-fire in Gaza, a Chinese envoy said Tuesday that objection to a cease-fire in Gaza is nothing different from giving the green light to the continued slaughter.

The draft resolution won 13 votes in favor among the 15 members of the Security Council. Britain abstained.

China expresses its strong disappointment at and dissatisfaction with the U.S. veto, said Zhang Jun, China’s permanent representative to the United Nations. Algeria, on behalf of the Arab states, put forward the draft resolution demanding an immediate cease-fire in Gaza, the immediate release of all hostages, guaranteed access to humanitarian supplies, and the rejection of forced displacement. Such a resolution, based on the minimum requirements of humanity, is urgently required by the situation on the ground and deserves the support of all Security Council members, he said in an explanation of vote after the vote.

Algeria, demonstrating reason, sincerity, and an open attitude, held lengthy and

extensive consultations with all parties on the draft resolution and took on board many constructive ideas, which made the draft resolution more balanced, he said.

“The outcome of today’s vote clearly shows that on the issue of a cease-fire to halt the fight in Gaza, it is not that the Security Council does not have an overwhelming consensus, but rather it is the exercise of veto by the United States that stifles the council consensus.”

The U.S. veto sends a wrong message, pushing the situation in Gaza into a more dangerous one, said Zhang.

The U.S. claim that a resolution would interfere with the ongoing diplomatic efforts is totally untenable. Given the situation on the ground, the continued passive avoidance of an immediate cease-fire is nothing different from giving the green light to the continued slaughter, he said.

While the draft resolution has been vetoed, the spillover of the conflict is destabilizing the entire Middle East region, leading to rising risks of a wider war. Only by extinguishing the flames of war in Gaza can the world prevent the fires of hell from engulfing the entire region. The Security Council must act quickly to stop this carnage, said Zhang.

The Security Council must take action to push for a cease-fire. This should not be

a matter of debate, but rather a moral obligation that the council cannot shy away from. It is a legal responsibility that the council must assume. Even more so, this is a political requirement that the council must fulfill in accordance with the UN Charter, he said.

“The veto cannot muffle the strong call for a cease-fire and an end to the war. The Security Council cannot stop its work to uphold justice and fulfill its responsibilities just because of the veto,” he said.

China urges Israel to heed the call of the international community, abandon its plans for a Rafah offensive, and stop the collective punishment of the people of Palestine. China expects countries with significant influence to have fewer political calculations, but rather to be truly impartial and responsible, and to make the right choice to push for a cease-fire in Gaza. China calls on the international community to pool all diplomatic efforts to give the people of Gaza a chance to survive, give the people of the entire Middle East region a chance to have peace, and give it a chance for justice to be upheld, said Zhang.

Meanwhile, the Chinese Foreign Ministry on Wednesday warned that the U.S.’s veto of a United Nations Security Council (UNSC) draft resolution pushes the situa-

Teargas shells fired as Indian farmers’ Delhi Chalo march resumes NEW DELHI agenCieS

BEIJING

Staff CorreSpondent

telecoms giant Huawei shocked the world with a new phone powered by a sophisticated chip. The Huawei Mate 60 Pro was seen as a symbol of China’s technological resurgence despite Washington’s ongoing efforts to cripple its capacity to produce advanced semiconductors. The phone also prompted a review by the Biden administration to learn the details behind the chip that powers it, the most advanced semiconductor China has so far produced.

Critics say the round of letters don’t go far enough. Republican Congressman Michael McCaul, who chairs the Foreign Affairs Committee, said the Commerce Department should have acted sooner. “This was negligent work by [the agency] and casts further doubt on its ability to fulfill its national security mission,” he added in a statement to Reuters this month.

Commerce declined to comment on McCaul’s allegations of negligence.

RISING RESTRICTIONS The United States has charted a slow course towards depriving SMIC and Huawei of access to advanced U.S. technology. Huawei was added to a trade restrictions list in 2019 by the Trump administration over alleged sanctions viola-

The Central Committee of the Communist Party of China (CPC) has released the revised regulations on the Party’s disciplinary inspections.

Based on the Party Constitution and the achievements made in the theoretical, practical and institutional innovation of the inspection work in the new era, the revised regulations further improve the institutions, mechanisms and responsibility system for disciplinary inspections, according to a circular issued by the CPC Central Committee. The regulations hold significant importance in upholding and strengthening the CPC Central Committee’s centralized and unified leadership over the Party’s inspection work, as well as promoting the high-quality development of the inspections, the circular read, asking Party committees and groups at all levels to take studying and implementing the regulations as an important political task. The regulations urge efforts to conduct concrete, targeted and regular discipline inspections, and stipulate the principles, leadership system, working mechanism, primary responsibilities, procedures, methods and powers of discipline inspection work.

After four rounds of talks with the Indian government failed to yield any results, protesting Indian farmers mostly from Punjab and Haryana states today resumed their ‘Delhi Chalo’ call from Shambhu border, where they were camping.

Teargas shells were fired from the Haryana side as farmer leaders Jagjit Singh Dallewal and Sarwan Singh Pandher announced that they would enter Haryana on the way to Delhi.

“We will lead this protest and we will win”, they said as tear gas shells were fired on the farmers, who had reached close to the barricades.

The protesting farmers have repeatedly said that theirs is a peaceful movement, despite fortification by the government. “We appeal to the government to either resolve our issues or remove barricades and allow us to proceed to Delhi to protest peacefully,” Jagjit Singh Dallewal said in a media interview.

The protesting farmers began marching last week but were stopped around 200km from Delhi. Since then, farmer leaders were in talks with the Indian government on their de-

it is possible future regulation could further reduce demand for our products.”

Lita Shon-Roy, CEO of market research firm Techcet, said SMIC South could likely turn to Chinese, Taiwanese, Japanese and Korean sources for most chemicals and parts used in the chipmaking process.

However, if SMIC’s top facility “saw its United States supply chain suddenly cut off, that could potentially interrupt their production for 3 to 9 months depending on inventories,” she said. She noted it would take time to find and conduct rigorous testing of new suppliers unless SMIC South had done so in advance.

Experts assert that SMIC South is the only SMIC factory with the capability of making the Mate 60’s 7 nanometer chip.

Analysis firm Techsights also said in September a teardown of the phone revealed SMIC built the advanced processor to power it. “I don’t think there’s any doubt that it’s that [factory],” said Doug Fuller, a chip industry expert with the Copenhagen Business School.

Reuters reported in December how a chip designer part-owned by SMIC still enjoys access to state-of-the art U.S. chip design software. tion in Gaza into a more dangerous one.

The draft resolution that would have demanded an immediate humanitarian ceasefire in Gaza won 13 votes in favor among the 15 members of the Security Council. The United States voted against it. Britain abstained. Speaking at a regular press conference, Chinese Foreign Ministry spokesperson Mao Ning said various parties, including China, expressed strong disappointment and dissatisfaction with the veto.

“The protracted Palestinian-Israeli conflict has resulted in a devastating humanitarian situation in Gaza and severely impacted regional peace and stability.

The Security Council must take immediate action to push for a ceasefire. This is a moral obligation that the Council cannot shy away from and a legal responsibility that the Council must assume,” said Mao. Even more so, this is a political requirement that the Council must fulfill in accordance with the Charter, she stressed, According to Mao, Algeria, on behalf of the Arab states, put forward the draft resolution demanding an immediate ceasefire in Gaza, immediate release of all hostages, guaranteed access to humanitarian supplies, and the rejection of forced displacement. “This is both urgently required by the situation on the ground, and it is also based on the minimum requirements of humanity. The draft resolution was supported by the overwhelming majority of Council members,” Mao stressed, adding China voted in favor of the draft resolution as well.

Obliterating Muslim history: Agra’s Jamia Masjid metro station renamed after nearby temple AGRA

agenCieS

mands. But on Monday night, they said the offer was not in their interest.

The farmers’ protest is being spearheaded by the Samuykta Kisan Morcha (Non-Political) and the Kisan Mazdoor Morcha. They are demanding a legal guarantee for minimum support price (MSP, one-time debt waiver among others.

The farmers, who had to face teargas firing from drones, concrete barricades, and nails and also pellet gun firing, had put their agitation on hold due to talks with the Indian govt.

However, the proposal by New Delhi

for a 5-year contractual MSP for three crops and a crop diversification plan failed to cut any ice with the farmers, who rejected it as an eyewash.

Meanwhile, security around the Indian capital was beefed up, especially at the borders in Ghazipur, Noida, Tikri and Singhu – the protest sites of the year-long farmers’ movement that forced the Modi-led government to withdraw the three farm laws.

Delhi Police has already imposd prohibitory orders under Section 144 across the capital for a month.

Acting on the directions of Yogi Adityanath, who is known for his anti-Muslim hatred, the Uttar Pradesh metro has renamed the Jamia Masjid station in the historic city of Agra to Mankameshwar Mandir, barely months before the next general elections across India.

The UP Chief Minister Yogi Adityanath had instructed the Metro Rail Corporation (UPMRC) to change the name during an Agra visit last year. It is worth mentioning that obliterating Muslim history of UP and India has been a part of Adityanath’s communal politics. Following orders received from the state govt, the signage of the Jamia Masjid Metro Station has been switched to Mankameshwar Metro Station. UPMRC deputy general manager Panchanan Mishra in a media interview said the state government has approved the name change and the signage has been modified accordingly. The metro service on the priority corridor is expected to be inaugurated by Indian Prime Minister Narendra Modi between 25 and 28 February. Reportedly, Adityanath visited Agra last year in July and conducted a survey of the work on the priority corridor. At that time, local residents demanded that the Jamia Masjid station be renamed after the ancient Mankameshwar temple nearby. Muslim community leaders decrying the move as being electorally motivated said that renaming a station associated with a significant Muslim monument undermines the city’s diverse heritage and promotes religious bias.

US, Russia to speak on Israeli occupation at top UN court THE HAGUE reuterS

The United States and Russia will present arguments on Wednesday in proceedings at the UN’s highest court examining the legality of Israel’s occupation of the Palestinian territories.

The International Court of Justice (ICJ), also known as the World Court, was asked in 2022 by the UN General Assembly to issue a non-binding opinion on the legal consequences of the occupation.

Israel, which is not taking part, said in written comments that the court’s involvement could be harmful to achieving a negotiated settlement. Washington in 2022 opposed the court issuing an opinion and is expected to argue on Wednesday that it cannot rule on the occupation’s lawfulness.

More than 50 states will present arguments until Feb. 26. Egypt and France were also scheduled to speak on Wednesday.

On Monday, Palestinian representatives asked the judges to declare Israel’s occupation of their territory illegal and said its opinion could help reach a twostate solution.

On Tuesday, 10 states including South Africa were overwhelmingly critically of Israel’s conduct in the occupied territories, with many urging the court to declare the occupation illegal.

The latest surge of violence in Gaza that followed Hamas’ Oct. 7 attacks in Israel has complicated already deeply-rooted grievances in the Middle East and damaged efforts towards finding a path to peace.

The ICJ’s 15-judge panel has been asked to review Israel’s “occupation, settlement

and annexation … including measures aimed at altering the demographic composition, character and status of the Holy City of Jerusalem, and from its adoption of related discriminatory legislation and measures”.

The judges are expected to take roughly six months to issue their opinion on the request, which also asks them to consider the legal status of the occupation and its consequences for states.

Israel ignored a World Court opinion in 2004 when it found that Israel’s separation wall in the West Bank violated international law and should be dismantled. Instead, it has been extended.

The current hearings could increase political pressure over Israel’s war in Gaza, which has killed about 29,000 Palestinians, according to Gaza health officials, since Hamas attacked Israel on Oct. 7.

Israel captured the West Bank, Gaza and East Jerusalem – areas of historic Palestine which the Palestinians want for a state – in the 1967 conflict. It withdrew from Gaza in

2005, but, along with neighbouring Egypt, still controls its borders.

Israeli leaders have long disputed that the territories are formally occupied on the

Thursday, 22 February, 2024 | KARACHI

SBP RAISES RS361B THROUGH TREASURY BILLS AUCTION

NEWS

CORPORATE CORNER

Security Paper’s profit surges 122% to Rs746m during H1 FY23-24 KARACHI

staff report

Security Paper Limited (PSX: SEPL) released its financial statement for the first six months of the fiscal year ending December 31, 2023, announcing a profit of Rs 746 million (EPS Rs 12.59) showing a significant increase of 122% compared to the profit of Rs 336 million (EPS Rs 5.67) reported in the Same Period Last year (SPLY). Going by the results, the Security Papers Limited’s (SPL) top line increased by 38% to Rs 3.49 billion as compared to Rs 2.53 billion in SPLY. The Company’s cost of sales rose by 26% to Rs 2.51 billion vs SPLY. However, due to a higher increase in sales, the gross profit improved substantially by 82% to Rs 976 million.

Pakistan Karting Team, OMNI Racing all set to participate in Round 1 Dubai

T g

Bid-to-cover ratio of 3.58, down from 20.25 in previous auction, indicates selective acceptance of bids PROFIT

Monitoring Desk

HE State Bank of Pakistan (SBP) exceeded its target in the latest auction of Market Treasury Bills (MTBs), raising Rs361 billion against an initial goal of Rs300 billion.

This auction covered 3, 6, and 12month maturities, with cut-off yields of 21.6998%, 20.3952%, and 20.3290%, respectively. Notably, there was a significant increase of 126 basis points for the 3-month bills and a smaller increase of 25 basis points for the 12-month bills,

while the 6-month yield remained stable.

This move aligns with the SBP’s ongoing strategy to maintain high borrowing costs, keeping the interest rate at 22% to combat inflation. Despite these high rates, the auction attracted substantial interest, with bids totaling Rs1.293 trillion. Of these, the SBP accepted bids for Rs310.16 billion for 3 months, Rs0.62 billion for 6 months, and Rs50 billion for 12 months, adding Rs34 billion from non-competitive bids to reach the total.

The bid-to-cover ratio of 3.58, down from 20.25 in the previous auction, indicates selective acceptance of bids by the

LAHORE

ISLAMABAD

FPakistan -2024- February – Pakistani motorsports takes a leap forward as the Omni Racing team, comprised of the top 4 racing drivers of the country, Syed Ovais Naqvi (c), Shahzeb Qureshi, Omer Khuhro, and Sanaan Jamali, prepares to compete in the first round of the Dubai Endurance Championship 2024 on Feb 24. "Motorsports in Pakistan has long lacked a dedicated facility to foster talent and nurture passion," says Syed Ovais Naqvi, CEO of Omni Karting Circuit (OKC) and captain of the Omni Racing team.

"With the launch of OKC's international-standard track, we aim to invigorate the sport, holding local championships and providing comprehensive training and development programs." Naqvi further emphasizes, "Our goal is to elevate Pakistani karting to an official sport, allowing individuals to hone their skills and compete internationally.

26th annual convocation of Hamdard University to be held on Saturday KARACHI

staff report

The 26th convocation of Hamdard University (HU) will be held on Saturday on February 24, 2024 at 3.00 pm at the main campus of University, Madinat al Hikmah, Karachi. Prof. Dr. Mukhtar Ahmad, the Chairman of Higher Education Commission Pakistan, will attend the ceremony as chief guest. Ms. Sadia Rashid, the Chancellor of the University will preside over the Convocation. In the convocation medals, degrees and certificates will be distributed among hundreds of students who completed their courses in the academic year of 2023. Besides, Prof. Dr. Shabibul Hasan, Vice Chancellor, members of Board of Governors (HU), diplomats, elite of the city, distinguished guests, Students and their parents will also attend the Convocation.

Zong 4G, BaKhabar Kisan partner to promote Urban Farming / Agri-Tech ISLAMABAD

staff report

Zong 4G, Pakistan’s leading telecommunication organization Zong 4G, has collaborated with BaKhabar Kisan to facilitate seamless communication between the Farmers and Agri Experts to make informed and timely decisions, maximize yield and financial benefits to their livelihoods. BaKhabar Kisan is a comprehensive agricultural knowledge platform for farmers throughout Pakistan offering expert guidance on weather, crop and livestock advisory, modern agricultural practices, and disaster management. It facilitates the connection between the farmers and Agri experts, promoting modern agricultural practices through personalized Agri content. Zong 4G has announced this strategic collaboration with BaKhabar Kisan in a dedicated initiative to foster Agri-tech advancement in Pakistan.

This partnership ensures Zong users nationwide have seamless and immediate access to expert agricultural and livestock advisory through the BaKhabar Kissan call center and mobile App.

EU funding empowers Pakistan’s flood-affected communities through cash assistance ISLAMABAD

staff report

The United Nations World Food Programme (WFP) supported over 180,000 vulnerable flood-affected people through multipurpose cash interventions in seven districts of the Sindh province in 2023. This critical support was made possible through a EUR 3 million contribution from the European Union’s Humanitarian Aid Operations department. WFP’s cash support has been a lifeline for families in Jamshoro, Matiari, Mirpurkhas, Noushero Feroz, Sanghar, Shaheed Benazirabad, and Umerkot – those hardest hit by the catastrophic floods. The assistance has enabled them to secure food, healthcare, education, and shelter. In addition, many households have not only used the cash for their immediate needs, but also to rebuild their businesses and other livelihoods that were interrupted or destroyed by the floods.

SBP. This strategic approach helps manage the cost of government borrowing while addressing inflation. This auction’s results reflect the SBP’s careful

navigation of Pakistan’s financial landscape, showing a significant demand for government securities in a high-yield environment.

chosen as key Nestlé Pakistan kicks off urban forests JazzCash partner for BISP fund disbursement plantation of 50,000 saplings staff report

staff report

07

Nestlé Pakistan launched its first urban forest tree plantation activity at Allama Iqbal International Airport with 25,000 trees, under its Nestlé Cares initiative to support endeavors to reduce carbon footprint in its ambition to achieve net zero by 2050.

Organized in partnership with Parks & Horticulture Authority (PHA) and Civil Aviation Authority, a large number of Nestlé employees, students from Nestlé for Healthier Kids partner schools, and civil society members participated in the volunteer activity.

Leading the volunteer work, Jason Avanceña, Chief Executive Officer, Nestlé Pakistan said, “Forests are the lungs of our planet, playing a crucial role in mitigating climate change and preserving biodiversity.

However, deforestation and urbanization have led to the loss of green spaces, impacting our environment and the well-being of our communities. It is our responsibility to reverse this trend and create a more sustainable and livable future.”

“We will accomplish this with additional plantation

activities in Lahore, Kabirwala and Sheikhupura. Our strategy aims to help restore forests and protect natural habitats while promoting sustainable livelihoods,” he added. Speaking on the occasion, Aamir Ibrahim, Director Parks & Horticulture Authority said, “A greener Pakistan is in the best interests of everyone and urban forests such as these will help improve the quality of air in the city of Lahore and surrounding areas. I would like to express my gratitude to Nestlé Pakistan and its employees for stepping forward and assisting us.”

A second Urban Forest Tree plantation is planned at Canal-Jalo Park junction where Nestlé will plant an additional 25,000 trees, comprising plant species such as Arjun, Jaman, Pilkan, Sukhchain, followed by tree plantations at Sheikhupura and Kabirwala.

Nestlé Cares, the company’s voluntary program provides the opportunity to engage in volunteer work through direct and indirect participation. Earlier last year, Nestlé Pakistan committed to plant 100,000 trees

by Mar 2024. Tree plantations with different stakeholders and partners around operational areas throughout the year have culminated in fulfilment of this commitment.

35th 'Vision Eye Camp' held to bring sight, hope to almost 600 patients in Lahore and Karachi KARACHI

staff report

Vision Eye Care, an international relief organization dedicated to the prevention of blindness with a footprint in 39 countries around the world, launched its 35th cataract surgery project, the 'Vision Eye Camp,' in Karachi and Lahore. Organized through sponsorships from the Parwaaz Financial Services Limited, CITI Group, Hanananum Foundation, Lotte Akhtar Beverages (Pvt) Ltd, Haimont Group, and Galleria Design, the Camp aimed to treat 600 patients and perform 150 cataract surgeries.

The Camp was organized with three distinguished ophthalmologists, Dr. Donghae Kim, Dr. Dongkwon Lim, and Dr. Mathew Akashi (Medical Director, UCH Lahore), along with four nurses and five volunteers, offering high-quality eye health services. Having embarked on blindness prevention projects in Pakistan since 2002, Vision Care has played a key role in facilitating patients facing

vision impairments. In Lahore, the organization initiated public eye health services in 2006. By offering opportunities for sight restoration, Vision Care endeavors to not only conduct cataract surgeries for low-income groups but also implement eye screening programs and provide magnifiers to those who lack access to adequate medical care.

Biannually, Vision Care holds the 'Vision Eye Camp' in Pakistan, conducting over 100 cataract surgeries each session.

PEC conducts 5th Capstone Expo in Punjab Region LAHORE

staff report

Pakistan Engineering Council - PEC conducted 5th ENGINEERING CAPSTONE EXPO (FYDP- Final Year Engineering Design Project Exhibition) in Punjab Regional (A project of PEC Pakistan Development committee - PPDC) on 19th FEB2024 at PEC, LAHORE. In this Expo 29 Universities participated and 170 shortlisted projects. In CAPSTONE Engineering Universities showcased their Engineering students projects that pertains to market/industry, in which industries were present along with Islamabad Chamber of commerce to participate and select projects as per their business need. CAPSTONE is the PEC initiative 1st time in Pakistan by PEC Pakistan Development Committee. This opportunity granted by PEC free of cost to help our universities gain more market exposure as well as be able to network with world-class manufacturers of different varieties of engineering products.

Market compatible projects being sponsored by PEC. More than 1500-foot fall at the inauguration ceremony whereas visitors over 3500. Two projects of UET Multan have been picked by creative group for public Mar-

keting with certificate and awards distribution to the winners.

Engr Muhammad Najeeb Haroon Chairman Pakistan Engineering Council (PEC) inaugurated the ceremony as chief guest along with the guests Dr Niaz Akhter VC Punjab and Dr Samreen Hussain VC Dawood University.

Engr Muhammad Najeeb Haroon highlighted on the Engineering community critical role especially in such situation in which Pakistan is currently trapped.

Its continuous and consistent struggle that can make a difference and bring the country back on track to development journey. Old mistakes and practices to end up and have to come up and work upon to make the country self-sufficient that is the only bail out for Pakistan and thats possible only when Engineers play their role with the state and PEC support. In house engineering and localization of industry is only possible when engineers put their role in with the support of PEC. PEC focusing on same objective targets started new projects to create opportunities for engineers. Deliverables of such initiatives will result in new startups, engineering entrepreneurs, industry localization, inhouse solutions and Engineering services.

PC Bhurban attains ISO-22000 & HACCP food safety management recertifications ISLAMABAD

staff report

Pearl-Continental Hotel, Bhurban has been recertified

by ISO-22000:2018 and HACCP, an esteemed international standard for food safety management, with 100% compliance two years in a row.

ISO-22000 is an internationally accepted standard for food safety management systems, providing a comprehensive framework to ensure the safety of food products throughout the supply chain. It covers processes from primary production to consumption, emphasizing a holistic approach to food safety.

Hazard Analysis and Critical Control Points (HACCP) is a systematic approach to food safety that identifies, evaluates, and controls potential hazards throughout food production. Developed in the 1960s

by NASA in collaboration with the Pillsbury Company to ensure the safety of space food, HACCP has since become a global standard in the food industry.

The recertification audit, conducted by the globally renowned TUV Austria, encompassed on-site evaluations and a meticulous examination of documentation, policies, and procedures. No major or minor non-conformity was identified during the comprehensive assessment, showcasing the team’s unwavering commitment to maintaining the highest standards in food safety. Addressing the positive audit results, Chief Operating Officer, Hospitality and Education Division, Hashoo Group, Haseeb A. Gardezi remarked, "We have a longstanding reputation for exceptional service standards and commitment to excellence in all hospitality avenues. Our pledge will only grow stronger with such humbling accolades, spurring our motivation for the future." General Manager, Pearl-Continental Hotel, Bhurban, Nadeem Chaudhary shared his thoughts on the achievement, "We strive to provide the best-in-class services for our valued guests and continue evolving our processes and procedures to maintain quality at par with global standards.

ISLAMABAD

staff report

JazzCash, Pakistan’s largest fintech organisation, is proud to announce its selection as one of the few prestigious financial institutions partnering with the Benazir Income Support Program (BISP) for the disbursal of funds aimed at empowering underserved communities, with a particular emphasis on women inclusion. JazzCash, as part of this partnership, will leverage its extensive nationwide network of agents and retailers to disburse funds to over 1.3 million beneficiaries. Aamir Ibrahim, CEO of Jazz, said, “In collaboration with BISP, we are working to uplift the economic well-being of Pakistani women. Leveraging JazzCash's network, we aim to provide accessible digital financial services, hence, contributing to the gradual financial empowerment of BISP's beneficiaries. This effort is a reflection of our purpose of improving the lives and livelihoods of women through digital and financial inclusion.” While speaking at the signing ceremony, Murtaza Ali, Head of JazzCash, said, "JazzCash and BISP, together, envision a future where financial inclusion acts as a catalyst for social upliftment, breaking barriers and providing equal opportunities for all. This partnership reflects our shared commitment to positively impacting the lives of those who need it the most.”

Delegation of NIM Karachi visits Safe City Islamabad KARACHI

staff report

Following the special directions of Islamabad Capital City Police Officer (ICCPO) Dr. Akbar Nasir Khan, the SSP Safe City welcomed the Mid-Career Management Course delegation from National Institute of Management (NIM) Karachi at the Safe City Islamabad, a public relations officer said. He said that the delegation visits the command and control center, the data hub unit, modern technology-equipped cameras, and the Police operations center hall. They were fully briefed about the procedures and advantages of this project. Furthermore, the delegation was informed that Safe City Islamabad is playing a significant role in various departments through modern techniques, including the Police Operations Center, Emergency Control Center, Data Hub Unit, Dispatch Control Center, E-Challan System, and the “Pucar-15” helpline. The delegation was also apprised of the functionality and benefits of the Safe City cameras in the city. The modern cameras of Safe City are playing a crucial role in ensuring the safety of the city and preventing crimes and safeguarding the lives and property of citizens. 42% of crimes are resolved through the Safe City Command and Control Center.

BISP partners with six banks to expand payment system, serve 9.3m beneficiaries ISLAMABAD

staff report

In a landmark development, the Benazir Income Support Programme (BISP) today, signed an agreement with 6 Banks for disbursement of funds among its 9.3 Million beneficiary households. This impressive signing ceremony was witnessed by the Chairperson, Dr Muhammad Amjad Saqib, Secretary BISP Mr. Amer Ali Ahmed, Heads of partner banks and development partners of the BISP. Mr. Amer Ali Ahmed, secretary BISP speaking at the event explained that Initially, BISP was utilizing the services of only two banks and the contracts of same had expired some years back. However, this expansion signifies the introduction of wider service provider banks thus leading to greater transparency. BISP will annually save Rs 2 billion on account of competition introduced through this new payment system. As a consequence, there will be 15 clusters and 6 banks providing service to BISP beneficiaries. Now with broader partnership service is being provided by Bank Al Falah, Bank of Punjab, Mobilink Microfinance, Telenor Microfinance Bank, Habib Bank Limited, and HBL Microfinance.

CYCLICAL BULL TREND PREVAILS AT PSX

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KSE-100 index surges by over 1000 points or 1.81% PROFIT

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QUITY investors at the Pakistan Stock Exchange (PSX) on Wednesday experienced a moment of joy and relief after enduring many days of downturns when the KSE-100 index increased by 1094.91 points or 1.81% to close at 61,559.15 level.

This surge came amid news of a coalition government formation agreement between the Pakistan Muslim League-Nawaz (PMLN) and the Pakistan Peoples’ Party (PPP) after a series of negotiations.

The power-sharing arrangement paves the way for President PML-N Shahbaz Sharif to potentially become prime minister for a second term, supported by coalition

partners. Meanwhile, Asif Ali Zardari from the PPP is set to be the coalition’s nominee for the presidency.

The equity market has been under pressure for many days, with market moguls attributing political uncertainty as the primary factor.

Investors are still anticipating a postelection rally at the PSX, however, market analysts recommend that investors should capitalise on the dips to achieve better gains in the future.

There is also positive development in the growth of Pakistan’s mutual funds industry.

“Assets Under Management (AUM) of Pakistan’s Mutual Funds Industry reached an all-time high level of PKR 2,159bn in Jan ’24. The growth in AUMs during FY24 (since July’23: 40%) is primarily attribut-

able to the stabilization and revival of investors’ confidence post-IMF program (Jul ’23) alongside higher interest rates”, said Shahid Ali Habib, CEO of Arif Habib Limited. Today, according to data from Tradeweb, the country’s international bonds, maturing in 2031, saw the largest increase, rising 2.7 cents to 61.7 cents on the dollar. The notes maturing in 2026 experienced a gain of 2.6 cents, reaching 76.95 cents.

In other developments, there has been an increase in the outflow of foreign direct investment (FDI), suggesting that foreign investors currently do not consider Pakistan’s economy a suitable place to park their capital.

“Country witnessed a net FDI outflow of $173 million during January 2024 (highest since October 2018). Net foreign direct

investment (outflow) settled at $173mn in January 2024 (highest since October 2018), compared to a net inflow of $237 million during January 2023. During 7MFY24, net FDI inflow was down by 21% YoY to USD 689 mn compared to an inflow of $877 million in 7MFY23”, said Arif Habib Limited.

Additionally, the real effective exchange rate (REER) is also at the highest level since May 2021.

“REER is clocked at 101.7 as of January 2024 as compared to 98.8 in December 2023 (highest since May 2021)”, said Arif Habib Limited.

ECP’s body ‘reportedly’ completes probe into alleged poll rigging ISLAMABAD

Staff RepoRt

The high-level committee, constituted to carry out an investigation into poll rigging allegations of the former Rawalpindi Commissioner, has reportedly completed its probe.

The Election Commission of Pakistan (ECP) constituted the committee to probe the allegations of the former Rawalpindi Commissioner regarding the alleged rigging in the general elections in 2024.

According to media report, the committee’s last meeting will be held in Islamabad where the report on Commissioner Rawalpindi Liaquat Ali Chattha’s election rigging allegations will be finalized and the report will be submitted to the ECP. The reports quoting sources said that the committee has recorded statements of DROs and RO of 13 National Assembly constituencies and 26 provincial assembly constituencies of Rawalpindi division, which will be included in the committee report.

Earlier, the high-level committee of

ECP recorded statements of District Returning Officers (DROs) and Returning Officers (ROs) of constituencies concerned.

The sources privy to the development said that Pakistan Electronic Media Regulatory Authority (PEMRA) also submitted the transcript of former Rawalpindi Commissioner Liaquat Ali Chatha’s presser, accusing ECP and Chief Justice Qazi Faez Isa of involvement in the ‘elec-

Maryam admits poll challenges post 16-month PDM rule LAHORE

Staff RepoRt

Maryam Nawaz, the Senior Vice President of the Pakistan Muslim League-Nawaz (PML-N), while addressing the hurdles encountered by the party in the recent elections has extended appreciation for the ‘unequivocal mandate’ bestowed by the electorate. Maryam, who is set to become the first woman chief minister of Punjab, made these remarks during a meeting of the parliamentary party in Jati Umrah, Lahore, on Wednesday. In her address, she acknowledged the difficulty faced by the PML-N in the elections, citing 16 months of tough and often unpopular decisions made by the government. Despite these challenges, she emphasised that the people had given the party a resounding mandate. The PML-N secured a substantial majority in the provincial assembly, with a notable presence of youth among the elected members, she maintained. “I welcome all the members to the meeting of the first parliamentary party and congratulate them for reaching the assembly,” said Maryam. She expressed gratitude to the people of Punjab for their support during what she described as a difficult election period marked by tough decisions and a barrage of lies and propaganda by the rivals. Addressing the newly elected members, Maryam pledged to initiate a new era for Punjab, building on the foundations laid by Nawaz Sharif in the 80s and the exemplary service records set by Shehbaz Sharif. She urged the members to collectively work towards setting new standards of public service with the cooperation of everyone involved.

“I humbly say that today there is talk in the media that Maryam has been given the opportunity to become the first woman chief minister of Pakistan and Punjab. It is an honour for the nominated chief minister… it is a great honour, I dedicate this to every mother, daughter, sister, child, all women members of Pakistan and Punjab,” she remarked.

tion rigging’.

The Pakistan Tehreek-e-Insaf (PTI) also demanded the ‘immediate resignation’ of Chief Election Commissioner (CEC) Sikandar Sultan Raja for ‘failing’ to hold general elections 2024 in a free, fair and transparent manner.

COMMISSIONER RAWALPINDI’S ALLEGATIONS a shocking ‘revelation’, In Rawalpindi Commissioner Liaquat Ali

Chatha – who stepped down from his post – dropped a bombshell on Saturday, confessing to be involved in rigging the Pakistan general elections 2024, adding another layer of controversy to the already disputed polls.

Taking responsibility for what he termed a “heinous crime,” Chatha implicated not only himself but also accused the Election Commission of Pakistan and Chief Justice Qazi Faez Isa of involvement in the ‘rigging’ — a claim denied by the ECP and the CJP. The presser came almost a week after the Feb 8 general elections as the ECP has already been in the crosshairs of several rigging allegations amidst PTI and other political parties’ nationwide protests, claiming they were deprived of their mandate. The ECP flatly rejected the rigging allegations put forth

by Liaquat Ali Chatta against the Election Commission and the Chief Election Commissioner.

The spokesperson said in a statement that neither the ECP nor any of its officials instructed the Rawalpindi commissioner to change election results under his jurisdiction.

PTI demands ‘constitutional right’ to form govts in Centre, Punjab and KP ISLAMABAD

Staff RepoRt

The Pakistan Tehreek-e-Insaf (PTI) on Wednesday demanded its ‘constitutional right’ to form governments in Centre, Punjab, and Khyber Pakhtunkhwa (KP) due to public mandate given to Imran Khan-led party in general elections 2024.

Taking to Twitter, PTI leader Barrister Gohar Ali Khan said that the country’s future was linked with ‘complete supremacy’ of the Constitution. “The country is always engulfed in crisis whenever it derailed from the Constitution,” he added.

He pointed out Imran Khan-led party emerged single largest party in the elections despite the challenges it faced, which included the “snatching” of the iconic symbol bat. “We weren’t allowed to conduct an election campaign,” he regretted.

“Daylight robbery of public

mandate is a desecration of votes,” he said, stressing the need for political stability and put Pakistan on the path of development.

Barrister Gohar also demanded the election commission issue election results in sync with Form-45.

“The seats that are robbed should be returned to PTI,” he said, adding that his party would fulfill the responsibility of safeguarding the public mandate.

The presser came after PML-N

and PPP reached an agreement on forming a government in Centre as both parties have agreed on a ‘power-sharing formula’ following days of negotiations.

“PPP and PML-N have achieved the required number and [now] we are in a position to form the government in Centre,” PPP Chairman Bilawal Bhutto-Zardari said while addressing a joint press conference at Zardari House in Islamabad.

Bilawal Bhutto pointed out that Pakistan Tehreek-e-Insaf (PTI) backed candidates and Sunni Ittehad Council (SIC) failed to achieve a simple majority to form government in the Centre.

He said that that both parties are going to form the coalition government and PML-N president Shehbaz Sharif will once again be the country’s prime minister, praying that they would succeed in solving the problems of Pakistan.

PTI decides to hold intra-party elections within 15 days ISLAMABAD

Staff RepoRt

Pakistan Tehreek-e-Insaf (PTI) has revealed plan to conduct intra-party elections within a span of 15 days.

Sources within the party indicate that preparations are underway for the elections, with a schedule already drafted for the process. The decision reflects PTI’s commitment to internal democracy and transparency.

Barrister Gohar has been selected as the chairman from the panel representing PTI’s founder, Imran Khan. Moreover, Rauf Hasan has been appointed as the Chief Election Commissioner for the intra-party elections. The elections were slated to take place simultaneously across the Federation and all four provinces, underscoring PTI’s efforts to ensure equal representation and participation from all regions.

More than 8 million Pakistanis left country during 2023: report KARACHI

Staff RepoRt

More than 8 million Pakistanis had left abroad during the outgoing year 2023, the Federal Investigation Agency (FIA) said in its annual immigration report.

According to the report, FIA Immigration successfully processed 19.5 million passengers at international arrival and departure counters.

Out of 9.2 million passengers, 7.1 million Pakistanis and 2.1 million foreigners visited Pakistan.

Out of 10.3 million passengers, 8.1 million Pakistani nationals and 2.2 million foreigners departed from Pakistan.

A maximum of 3.6 million Pakistanis

traveled through Lahore Airport for overseas arrivals and departures. 3.5 million Pakistani passengers traveled through Islamabad Airport.

The FIA Integrated Border Management System processed 2935 stop list cases, arrested 1602 human traffickers while carrying out operations against human traffickers, the report said.

As many as 25 most wanted human traffickers were also arrested during the year 2023, it said, adding that the US State Department maintained Pakistan’s Tier 2 status in its annual Trafficking in Persons (TIP) report 2023. s many as 1,129 passengers were offloaded and shifted to respective police stations on the basis of fake documents.

Strict screening was introduced at airports to prevent beggars going under the

guise of Umrah and horrific incidents like the Greece boat accident.

US wants to see election ‘interference, fraud’ claims fully investigated WASHINGTON

Staff RepoRt

The United States on Tuesday again called for a full and transparent investigation of “any claims of interference or fraud” in the February 8 general elections as per Pakistani laws and procedures. US State Department Spokesperson Matthew Miller called for a probe when he was asked about the explosive rigging allegations made by former commissioner Rawalpindi Division Liaquat Ali Chatha. “Any claims of interference or fraud should be fully and transparently investigated in accordance with Pakistan’s own laws and procedures. And that, of course, includes this claim as well,” Miller responded. When the spokesperson was asked about the US stance on respecting the Pakistan Tehreek-e-Insaf’s (PTI) mandate, Miller said that the formation of a new government was an “internal” Pakistani matter. “But – so that’s a matter that I will leave to Pakistan. But as I said, when it comes to the – any claims of interference or allegations of irregularities, we want to see those fully investigated,” said the spokesperson.

X BLOCKED FOR OVER 4 DAYS IN PAKISTAN Miller was also asked about the blockade of X, formerly known as Twitter, in Pakistan since Saturday during the press conference. However, the spokesperson shared that he does not have any updates on the issue but stated that the US “always want to see full internet freedom around the world, and that includes the availability of platforms that people use to communicate with each other”. “We want internet platforms to be available to people in Pakistan and around the world,” said Miller.

Popular social networking platform X was inaccessible to Pakistanis, with the government still keeping mum about the disruption that began on Saturday last week.

No clue about ‘missing’ PTI-backed MNA from Sarai Alamgir GUJRAT

Staff RepoRt

There is no clue in the ‘search’ for the whereabouts of Chaudhry Muhammad Ilyas, the PTI-backed winning independent candidate from NA-62, Sarai Alamgir, went missing a couple of days ago while going to Islamabad to join the Sunni Ittehad Council (SIC). According to the party, although it has not been confirmed yet whether Ch Ilyas was arrested or whisked away, his family, however, alleges he was taken away by some unidentified men from near the bridge on River Jhelum. His family members are worried and fear for his safety. On Tuesday, the Jhelum Police had registered an FIR on the complaint of Ilyas’s cousin in which it was stated that the newlyelected MNA was abducted on his way to Islamabad. A spokesman for Jhelum Police had stated that the police launched an investigation into the alleged kidnapping of the MNA-elect.

Govt constitutes JIT to probe ‘malicious campaign’ against ECP, govt officials ISLAMABAD

Staff RepoRt

The caretaker federal government has formed a joint investigation team (JIT) to conduct an investigation into the ongoing malicious campaign on social media against the government officials, including Election Commission of Pakistan (ECP). The JIT is headed by the Federal Investigation Agency (FIA) Cyber Crime Wing additional director general and includes Grade-19 officers of the Intelligence Bureau (IB) and Inter-Services Intelligence, Pakistan Telecommunication Authority (PTA) and NADRA. The JIT will be tasked with probing various facets of the nefarious activities, including the dissemination of false information on social media platforms, the printing of fake ballot papers, and propaganda aimed at influencing public sentiment. The committee will collaborate with IT experts to gather evidence and ascertain the extent of the wrongdoing. It will meticulously register cases and recommend appropriate actions against the responsible individuals.

Published by Asad Nizami at Plot No 66-C, 1st Floor, 21st Commercial Street, Phase-II (Extension), DHA Karachi and printed at Ibn-e-Hassan Printing Press, Hockey Stadium, Karachi, for PT Print (Pvt) Limited. Ph: 021-35381208-9. Email: newsroom@pakistantoday.com.pk