Epaper_24-03-07 KHI

Page 1

PImran

from the Ministry of Law for resolution of legal disputes in the pending cases of tax recovery and revenue in the courts PM Shehbaz instructed that the hurdles in the recovery of Rs 1 7 trillion stuck-up taxes should be removed with the resolution of legal disputes He also directed the Ministry of Law to present proposals to create a legal depart-

regarding punishment for May 9

How can those who were not entitled to have [PTI’s] reserve seats be given them?” Imran Khan also termed the denial of reserve seats to PTI as unconstitutional

The people of East Pakistan too were deprived of their mandate which led to the country s disintegration These were the most rigged elections in the country’s history ” he added

of Army Staff (COAS) Gen Syed Asim Munir in the chair, urged the proud people of Pakistan to remain positive and u n i t e d a n d w h o l e h e a r t e d l y p a r t i c i p a t e in the progress and development of the c o u n t r y T h e P T I f o u n d e r c o n t i n u e d t h a t t h e r i g g e d e l e c t i o n s w o u l d h a r m t h e c o u n t r y s e c o n o m y a n d c a u s e f u rther losses “Without political stability, t h e c o u n t r y c a n n o t f u n c t i o n w h e r e a s t h e S h a r i f f a m i l y ’s p o l i t i c s r e l i e s o n

said

On Tuesday the top military commanders reiterated the commitment that planners instigators abettors perpetrators and desecrators of martyrs monuments and attackers of military installations on May 9, 2023, would certainly be brought to justice under the relevant provisions of the law and Constitution The Corps Commanders Conference noted with concern the spread of organised misinformation and fake news by certain nefarious elements to sow despondency and divisions within the society T h e m e e t i n g h e l d a t t h e G e n e r a l Headquarters in Rawalpindi with Chief

Fazl says will criticise institutions until they ‘meddle’ in

SIFC he added Regarding allegations of election rigging, Khan said that the responsibility lies with the caretaker government and the Election Commission of Pakistan “Even the winners of the elections know that rigging took place If they think the elections were fair they should only audit four constituencies Is peaceful protest a clash? If this is a clash, then there is no need for democracy,” Khan remarked “Maulana Fazlur Rehman and Khawaja Asif have said that General Bajwa had promised to overthrow the government

Bajwa also told us to become a good boy and sit quietly I cannot sit silently like a slave,” he said Imran said that votes were given to someone else but others were declared winners PML-N did not have more than 25 seats but their government has been formed he added Khan refuted claims of accepting slavery, stating, “The nation accepting slavery always ends There is no army opposition in our party Criticism of elections is not criticism of the army He said that the narrative built after the May 9 events had failed after February 8 the day of the general elections “People did not believe that we committed treason Keep me in prison for as long as you want but I will not accept slavery After regime change the economy has been drowned he added The PTI founder reiterated that a stable government was needed for a stable Pakistan “I said in the IMF meeting that without political stability the economy cannot improve and transparent elections are the only way to achieve this

Pildat recommends impar tial probe into election-related matters

ment in the FBR, for preparation of drafts according to law and hiring of services of lawyers

He said six to seven percent economic growth was possible with the implementation of reforms adding that investment was needed to modernize the revenue and tax system We want to bring a system of taxation based on incentives We desire to reduce the burden of taxes but the business community has to help by playing a role for the progress of people through social service

The prime minister asked that an effective third party audit system should be ensured, which so far could not be done

He said that tax system with high quality was in vogue in the world and “we also have to improve our system” He urged that all exemptions in taxes should be thoroughly reviewed He was of the view that Pakistan would not have been left behind in the world if small and medium enterprises were promoted “We could not promote our small and medium industry in the last 40 years Now is the time to expand this sector ” Former caretaker minister for finance Dr Shamshad Akhtar gave a detailed briefing about the restructuring of FBR, automation and on different aspects of the loopholes in collection of taxes and the future strategy She informed the meeting that Pakistan’s tax to GDP was 9 5 percent which was low as compared to other countries and it was very necessary to increase it for progress and development

PHC halts oath-taking on ‘SIC’s NA reser ved seats’ till tomorrow

PESHAWAR S ta f f R e p o R t

The Peshawar High Court (PHC) on Wednesday stopped until Thursday (tomorrow) the oath-taking on the National Assembly reserved seats given to parties from what the Sunni Ittehad Council (SIC) claims its share and “sought ECP reply to four questions ” The order was issued on a petition filed by the Sunni Ittehad Council (SIC) which was joined by PTI-backed independents who won the elections sans their electoral symbol challenging the Election Commission of Pakistan s decision to reject the party allocation of reserved women and minority seats In a 4-1 verdict earlier this week, the electoral watchdog ruled that the SIC was not entitled to claim quota for reserved seats due to having non curable legal defects and violation of a mandatory provision of submission of party list for reserved seats which is the requirement of law The commission had also decided to distribute the seats among other parliamentary parties, with the PML-N and the PPP becoming major beneficiaries Meanwhile the verdict was rejected by the PTI as unconstitutional and the party vowed to challenge it Today a two-member PHC bench comprising Justice Ishtiaq Ibrahim and Justice Shakeel Ahmad took up a petition filed by PTI-SIC challenging the commission’s order In its short order the court issued a pre-admission to the ECP and all the respondents in the case It also listed these questions that needed to be determined: Whether the court has the jurisdiction to adjudicate on the matter or not? Whether the petitioner has locus standi to file the petition?

Whether the petitioner is entitled to claim the quota for reserved seats for women and nonMuslims in view of the Constitution Elections Act and Elections Rules? Whether the defect of non-submission of lists for reserved seats is not curable under the law? Whether the seats for women and non-Muslims in the National Assembly can be kept vacant or are liable to be allocated by proportional representation process on the basis of seats won by political parties?

Whether the ECP has misconceived and misin-

to progress: Bilawal

ISLAMABAD S ta f f R e p o R t
RIME Minister Shehbaz Sharif Wednesday sought a final implementation schedule for the privatization of Pakistan International Airlines (PIA) He was chairing a high-level meeting on the PIA s privatization and restructuring of the Federal Board of Revenue (FBR) The prime minister directed the Ministry of Privatization to present the schedule for the PIA’s privatization in the next two days after taking the necessary steps He warned that no laxity and irresponsibility would be tolerated and said that complete transparency should be ensured in all phases of privatization During the meeting, the participants reviewed the progress on the privatization of PIA and considered the next phases of the process The proposed roadmap for the system of automation of Federal Board of Revenue was also approved in principle The participants considered in detail the proposals for transparency in the system of FBR, infrastructure reforms according to international standards, increase in taxes through incentives eradication of corruption and smuggling, separation of inland revenue and customs departments and decrease in tax rates The PM said that the roadmap should be implemented with clear-cut timelines The targets should be determined realistically but the implementation of reforms should be the fastest in the region, he said, adding the targets could be achieved with round the clock work as “we do not have time to waste as it is a matter of shining future of Pakistan and economic recovery The meeting sought recommendations
R s 2 0 0 0 | Vo l X I V N o 2 4 9 I 8 Pa g e s I Ka r a c h i E d i t i o n In par tnership with Profit t h u rs d ay 7 M a rc h 2 0 2 4 I 2 4 S h a ' b a n 1 4 4 5 g W a r n s a g a i n s t l a x i t y o r i r r e s p o n s i b i l i t y i n a l l p h a s e s o f p r i v a t i z a t i o n p r o c e s s g A p p r o v e s p r o p o s e d r o a d m a p f o r s y s t e m o f a u t o m a t i o n o f F B R i n p r i n c i p l e ISLAMABAD S ta f f R e p o R t Endorsing the statement of the Corps Commanders Conference released by ISPR a day earlier, Pakistan Tehreek-eInsaf (PTI) founder Imran Khan on Wednesday demanded punishment for those responsible for the May 9 riots Identification of individuals involved
Capitol
United
CCTV
those
on May 9 should be made with the help of CCTV footage, just as individuals involved in the
Hill attack in the
States were apprehended with the help of
footage ” Imran Khan declared while speaking to the media at Adiala Jail on Wednesday Khan questioned why a judicial commission had not been formed yet regarding the May 9 incident There is no interest in conducting a transparent inquiry into the May 9 incident I insist that
involved in it be punished ”
He
denying PTI reserve seats amounted to a negation of democracy
terpreted
Constitution, Elections
Elections
court further referred
matter
the PHC chief justice
the constitution of a larger bench to “adjudicate upon the intricate constitutional questions involved in the matter The bench issued notices to the Attorney General for Pakistan and the Khyber Pakhtunkhwa Advocate General to assist the court
S ta f f R e p o R t The Pakistan Institute of Legislative Development and Transparency (Pildat) has recommended that the Election Commission of Pakistan (ECP) conduct a thorough and impartial investigation into several election related matters These include delays in the transmission, consolidation and announcement of provisional results, and the failure to publish signed copies of forms 45, 46, 48 and 49 within 14 days of polling day as required under the Elections Act 2017 and the lack of contingency planning to meet result issuance deadlines in case of the EMS inoperability Pildat further recommends that election tribunals should be allowed to resolve disputes on a case-by-case basis Pildat is deeply concerned that only two Election Tribunals have been constituted in Punjab compared to eight constituted after 2018 general election and nine reportedly requested by the ECP this time according to an assessment by the group It also demanded that a Commission of Enquiry be formed similar to the one formed to probe the 2013 election The Pakistan Institute of Legislative Development and Transparency (PILDAT) has released its assessment of the 2024 General Election indicating a concerning decline in fairness scores compared to previous election cycles The assessment was based on an independent analysis by Pildat, alongside a questionnaire scored by politicians, lawyers, activists, retired bureaucrats and military officials and politically aware youth The assessment was divided into three parts; the pre-polling process polling on election day and the post-polling process The report a copy of which is available with Dawn com highlighted key issues including political repression, suspension of mobile and internet services on polling day, delay in announcement of election results, delay in publishing the results of Forms 45 46 48 and 49 on the website of the Election Commission of Pakistan (ECP) and a delay in allocating reserved seats to the Sunni Ittehad Council The pre-poll phase which dealt with questions about the impartiality of key institutions such as the judiciary, the ECP, caretaker governments and intelligence agencies scored 50 per cent, matching the score of the 2018 election but lower than 62 per cent scored by the 2013 election The overall score of the second phase stood at 40 per cent matching the 2018 election score but significantly lower than the 2013 election score of 50 per cent ISLAMABAD S ta f f R e p o R t The Supreme Court (SC), in its unanimous opinion on the presidential reference sent to it on the hanging of former prime minister Zulfikar Ali Bhutto (ZAB), on Wednesday said that the former prime minister did not get a fair trial The apex court further said that ZAB’s trial was not in accordance with the law and the constitution The SC was of the view that judges were bound to give verdicts as per law Moreover, it said that there could be no way forward without admitting the mistakes made in the past “Judges should never violate their oath and they should also hold themselves accountable ” said Chief Justice of Pakistan (CJP) Justice Qazi Faez Isa while pronouncing the decision However, the CJP said detailed reasons of the verdict would be given later The Supreme Court had on Monday reserved its verdict on the presidential reference seeking review of the apex court s 1979 decision in the Zulfikar Ali Bhutto murder case as it concluded proceedings on Monday, reported 24NewsHD TV channel A nine-judge bench led by Chief Justice of Pakistan (CJP) Qazi Faez Isa heard the presidential reference filed in 2011 Other members on the bench included Justice Sardar Tariq Masood, Justice Syed Mansoor Ali Shah, Justice Yahya Afridi, Justice Amin-ud-Din Khan, Justice Jamal Khan Mandokhail Justice Muhammad Ali Mazhar Justice Syed Hasan Azhar Rizvi and Justice Musarrat Hilali Wrapping up the hearing on Monday, CJP Qazi Faez Isa remarked Not today, but some other day we may sit down and reach a verdict ” Speaking on the occasion Raza Rabbani said that basic human rights were suspended at that time since there was martial law in the country At that time military dictator General Ziaul Haq was the only prosecutor,” he said and added “On the other hand the government and the opposition had sorted out their differences on elections
the provision of the
Act and
Rules? The
the
to
for
ISLAMABAD
statement
perpetrators Zulfikar Ali Bhutto was not given a ‘fair trial’, rules Supreme Cour t P M S E E KS F I N A L S C H E D U L E F O R P I A ’ S P R I VAT I Z AT I O N I N T W O D AY S C O N T I N U E D O N PA G E 03 g S a y s p o l l s r e s u l t s b u r i e d n a r r a t i v e b u i l t a f t e r M a y 9 e v e n t s ISLAMABAD S ta f f R e p o R t PPP Chairman Bilawal Bhutto on Wednesday said the historic verdict passed by the Supreme Court on the Bhutto reference would help Pakistan progress on all fronts including the democratic system and judiciary History is set to be corrected after 44 years, the PPP chairman remarked, as he pointed to the fact that Bhutto was hanged decades ago April 4, 1979 and his family as well as the party have been describing the move as judicial murder since then Talking to reporters after a nine-member bench shared its verdict Bilawal – the grandson of Zulfikar Ali Bhutto who was the first elected prime minister of Pakistan – said the court had accepted that Bhutto didn’t get a fair trial He noted that it was difficult for ordinary people to trust the judicial system when a popular leader like Bhutto couldn t get justice Bilawal, during a short interaction with media persons, thanked amicus curiae appointed by the court and the lawyers who presented their opinion and argued the case As the Supreme Court announced a unanimous short verdict Chief Justice Faez Isa observed that no correction was possible without admitting the mistakes committed in the past Some of the judgments were a product of fear or favour, he said Bhutto was arrested on the charges of conspiring to murder a political opponent two months after his ouster from the office and declared guilty in 1978 by the Lahore High Court (LHC) Verdict on Bhutto reference
C O N T I N U E D O N PA G E 03
‘endorses’ ISPR
will enable democracy
LAHORE S ta f f R e p o R t JUI-F chief Maulana Fazlur Rehman on Wednesday said a resolution of a Corps Commanders’ Conference could not stop him from criticising the institutions if they continued interfering in politics When a politician stands against the establishment the judiciary becomes active No decision of the judiciary of Pakistan is presented as a precedent in the world The judiciary has lost its dignity and its decisions have no value ” Fazl maintained while addressing the JUI-F’s lawyers wing in Lahore A day earlier the 263rd Corps Commanders Conference at the General Headquarters in Rawalpindi presided over by army chief Gen Asim Munir, expressed dismay that some segments of polity and social media were maligning the armed forces” with “unsubstantiated allegations of interference” in the electoral process The JUI-F chief claimed that it was in their genetic makeup that could not accept rigged elections C O N T I N U E D O N PA G E 03
politics

HBL CEO likely to head PM Sharif’s finance team

First Dawood Investment Bank rebrands as First Dawood Proper ties

Govt

PM orders hiring of foreign consultant for FBR revamp

Thursday 7 March 2024 | KARACHI 02 NEWS
PR OFIT M o N to r i N g D e s k Muhammad Aurangzeb, the Chief Executive Officer of Habib Bank Ltd (HBL) is being considered for a key role within the finance team of the newly elected Prime Minister Shehbaz Sharif This development comes at a crucial time as Pakistan prepares for negotiations with the International Monetary Fund (IMF) for a new bailout agreement As per media reports Aurangzeb is likely to be appointed as the Special Assistant to the Prime Minister on Finance Meanwhile some reports have speculated that Aurangzeb could assume the position of finance minister However, his lack of a parliamentary seat a legal requirement for the ministerial role raises questions about his potential appointment and the structure of the finance team An official decision has not been made public yet The appointment is pivotal as the prime minister forms his cabinet, with the finance team playing a crucial role in addressing the country’s economic woes Pakistan is in dire need of a fresh loan from the IMF to support its economy which is currently facing significant challenges including high inflation, dwindling reserves, and high external financing requirements as the ongoing $3 billion standby agreement (SBA) is nearing its expiration in April Aurangzeb s extensive experience in the financial sector including his tenure as the CEO of JP Morgan s Global Corporate Bank in Asia, positions him as a strong candidate to navigate Pakistan through its economic challenges
PR OFIT N e w s D e s k In a significant corporate development, First Dawood Investment Bank Limited (FDIBL), listed on the Pakistan Stock Exchange (PSX), announced a change in its name to First Dawood Properties Limited This decision was communicated through a filing with the PSX marking a new chapter in the company s evolution The name change comes after receiving the green light from the company s shareholders during the Annual General Meeting held on October 2 2023 Following this approval the Securities and Exchange Commission of Pakistan (SECP) issued a Certificate of Incorporation on Change of Name, officially recognizing the transition PR OFIT N e w s D e s k The government has set a target to accumulate Rs3 65 trillion in the forthcoming quarter (March-May) of the fiscal year 2024 by conducting auctions for Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs) in both fixed and floating rates The State Bank of Pakistan has released an auction calendar The aim for MTBs during this period is to secure Rs1 81 trillion a figure that exceeds the maturing amount of Rs1 62 trillion To achieve this the State Bank of Pakistan (SBP) will organise seven MTB auctions between March and May 2024 Specifically March will see two auctions: one on March 6 aiming for Rs 225 billion and another on March 20 with a Rs 340 billion target In April, three auctions are slated: on April 3, 17, and 30, targeting a total amount of Rs 225 billion, Rs 270 billion, and Rs 150 billion respectively May is scheduled for two further auctions targeting Rs 450 billion on the May 15 and Rs 150 billion on May 29 th In addition to MTBs the SBP is also looking to raise Rs 1 84 trillion from the sale of PIBs, including Rs 570 billion through fixed-rate PIBs, Rs 1 trillion from PIBs floating rate semi-annual auction, and another Rs 270 billion from the sale of PIBs floating rate quarterly bonds PR OFIT B y N e w s D e s k P A K I S TA N I information technology (IT) firms have secured several strategic agreements with major companies in Saudi Arabia and beyond during the LEAP tech exhibition in Riyadh the Pakistan Software Houses Association (P@SHA) announced on Tuesday The event, which is a hub for showcasing the latest in technology, artificial intelligence, and innovation runs from March 4 to March 7 and has attracted over 1 800 exhibitors and 600 startups from around the globe Muhammad Zohaib Khan the chairman of P@SHA highlighted the significance of this year s conference noting that it follows a successful LEAP 2023 which generated an impressive $9 billion in IT contracts Pakistani companies had also notably secured leads exceeding $100 million last year This year over 70 Pakistani companies including 20 startups are participating marking the country s largest-ever representation in the sector internationally The Pakistan Pavilion, featuring 27 companies, and other Pakistani participants have drawn attention from key global IT and ITenabled services companies along with top government officials from the Gulf region P@SHA has inked its largest memorandum of understanding to date with the IT association of Bahrain, aiming to boost business-to-business engagements Notable deals include Abacus Consulting s MoU with Saudi digital solutions firm Elm and Inbox Technologies partnership with GISSAN of Saudi Arabia Additionally, the inauguration of the Pakistan Pavilion by Pakistan s envoy to Saudi Arabia, Ahmed Farooq, saw the signing of an equity partnership between SuperNova Solutions and Saudi investors Farooq emphasized the strong potential for enhanced IT sector cooperation between Pakistan and the Middle East particularly in light of Saudi Arabia s Vision 2030 which seeks to diversify the Kingdom s economy beyond oil Pakistani firms are showcasing a wide array of solutions in fields such as artificial intelligence blockchain cybersecurity and more The strong presence of Pakistani businesses at LEAP 2024 is seen as a key step in expanding Pakistan s IT footprint in the Middle Eastern market, especially Saudi Arabia The event also included the Saudi-Pak Tech Forum aimed at fostering closer collaboration between the two nations in the IT sector With Pakistan s IT industry experiencing significant growth and ranking among the country s top five export sectors, the LEAP exhibition provides a timely platform for Pakistani companies to showcase their capabilities and explore new opportunities in the region PA K I S TA N I I T C O M PA N I E S S I G N M U LT I P L E D E A LS W I T H L E A D I N G F I R M S I N S A U D I A R A B I A PR OFIT M o N i to r i N g D e s k Despite commitments totaling $11 billion from various international donors for Pakistan’s flood-stricken regions actual funds disbursed remain markedly low at $1 4 billion due to slow project financing D e v a s t a t i n g f l o o d s s t r u c k P a k i s t a n i n 2 0 2 2 , c a u s i n g o v e r $ 1 6 4 b i l l i o n i n d a m a g e s t o t h e a l r e a d y c r i s i s - s t r i c k e n economy When accounting for contributions from the Islamic Development Bank (IsDB) and the Saudi Fund for Development (SFD) under the oil facility the total amount received till date stands a t $ 2 6 9 b i l l i o n s t i l l s h o r t o f t h e pledged amount A breakdown of the pledged funds during the Geneva conference reveals a stark disparity between commitments and actual financial assistance The World Bank for example pledged $2 199 billion, with only $969 million disbursed so far and an additional $119 3 million expected by June 2024 Similarly, the Asian Development Bank (ADB) committed $1 561 billion yet only $108 79 million has been disbursed with a further $340 9 million anticipated by mid-2024 Other pledges include $1 billion from the Asian Infrastructure Investment Bank (AIIB) and $100 million from China, with only $250 million disbursed and no further disbursements projected by the end of the financial year The Islamic Development Bank (IsDB) pledged $600 million, yet has only disbursed $60 7 million, with an expected increase of $69 5 million by June 2024 The slow disbursement rate is not limited to project financing alone Oil financing pledges from the IsDB and Saudi Arabia have also seen limited progress, with the IsDB disbursing only $200 million of a $3 6 billion pledge and the KSA fulfilling its $1 billion pledge for oil facilities Contributions to the Prime Minister s Flood Relief Fund have been more straightforward, with the entire pledged amount of $2 1 million received However this represents only a small fraction of the total aid needed This slow pace of disbursement has implications for Pakistan s recovery and rebuilding efforts The country, grappling with financial woes, is now contemplating an appeal to the International Monetary Fund (IMF) to increase its loan size to include climate financing This move could potentially raise the three-year Extended Fund Facility (EFF) from $6 billion to $8 billion, providing much-needed financial support for Pakistan’s long-term recovery plans Pakistan gets onl y $1.4b out of pledged $11b for flood relief g CO U N T R Y LO O K S AT I M F TO I N C R E A S E LO A N S I Z E A N D I N C LU D E C L I M AT E F I N A N C I N G A S D I S B U R S E M E N T O F F LO O D R E L I E F F U N D S FA L L S S H O R T O F I T S N E E D S g OV E R 70 PA K I S TA N I CO M PA N I E S, I N C LU D I N G 20 S TA RT U P S, A R E PA RT I C I PAT I N G I N L E A P T E C H E X H I B I T I O N I N R I YA D H PR OFIT N e w s D e s k Prime Minister Shehbaz Sharif has directed the engagement of an international consultant to medernise the Federal Board of Revenue (FBR) The directive was issued during the Prime Minister s detailed review of FBR s administrative operations on Tuesday, marking a shift from the restructuring strategy previously endorsed by the interim administration The Prime Minister emphasized the need for rapid action suggesting that if required, exemptions from the Public Procurement Regulatory Authority’s competitive bidding norms should be secured This development hints at a potential deviation from the FBR restructuring plan sanctioned by the caretaker government Dr Shamshad Akhtar, the former caretaker Finance Minister, who attended the meeting virtually shared her restructuring proposal and is expected to present it again to the Prime Minister The focus of hiring an international consultant is to digitize and modernize the FBR processes to minimize direct interactions between tax officials and taxpayers However this decision raises concerns about the effectiveness of two existing foreign loans totaling $700 million from the World Bank and the Asian Development Bank aimed at domestic revenue mobilization and FBR modernization Additionally the Prime Minister expressed dissatisfaction with the delay in implementing his directives from eight months prior which included the installation of scanners in various manufacturing sectors, notably tobacco, to monitor production Despite claims of a lack of funds for these scanners it was revealed that the FBR had not requested funding although there was a request for increased salaries for the tax body s staff The Prime Minister also ordered the recruitment of skilled personnel to manage the track and trace system for major manufacturing sectors to curb underreporting Emphasizing digitization as a top priority he directed the immediate enforcement of digital invoicing initiatives g T H I S M OV E S U G G E S TS A P O S S I BL E S H I F T AWAY F R O M F BR R E S T RU C T U R I N G S T R AT E GY A P P R OV E D BY P R E V I O U S I N T E R I M G OV T g S E R I E S O F A U C T I O N S P L A N N E D F O R M A R K E T T R E A S U R Y B I L L S A N D PA K I S TA N I N V E S T M E N T B O N D S TO B O O S T F I S C A L R E S O U R C E S PR OFIT N e w s D e s k In the initial seven months of the current fiscal year Pakistan s public debt witnessed a 6 6% increase reaching Rs 64 842 trillion, according to recent data from the State Bank of Pakistan (SBP) This rise underscores the fiscal challenges that the newly sworn-in government must navigate From July to January the nation s debt surged by Rs 4 trillion driven by borrowing from the preceding caretaker government to cover an expanding budget deficit ahead of the February general elections This borrowing spree has left the newly elected government with the daunting task of managing the ballooning debt amidst a persistent budget shortfall The central government’s debt saw a 17 8% year-on-year increase in January However there was a slight decrease of about 1% in debt levels from December 2023 to January 2024 Prime Minister Shehbaz Sharif has initiated expedited negotiations with the International Monetary Fund (IMF), aiming to secure the final $1 1 billion tranche of a standing $3 billion loan agreement set to expire in April This move comes at a critical time as Pakistan grapples with significant external financial obligations including $25 billion in due external debt payments in the upcoming fiscal year starting July The SBP reports a 9 8% increase in the domestic debt of the federal government totaling Rs42 626 trillion between July and January of the fiscal year 2024 Conversely external debt rose by 7 4% to Rs22 216 trillion by the end of January 2024 The Ministry of Finance highlighted Pakistan’s unsustainable public debt situation as a major economic challenge The country has consistently breached the Fiscal Responsibility & Debt Limitation Act since 2013 with high-interest rates, declining profits from state-owned enterprises (SOEs), and weak tax collection further complicating debt repayment efforts Egypt signs $8b loan deal with IMF PR OFIT N e w s D e s k Egypt has signed a staff-level deal with the International Monetary Fund (IMF) to secure an Extended Fund Facility (EFF) of $8 billion to overcome macroeconomic challenges its economy is facing on Wednesday the Central Bank of Egypt (CBE) implemented an exchange rate flexibility allowing the value of the Egyptian pound to be regulated by market forces as an attempt to alleviate an already ailing economy Amid significant macroeconomic challenges that have become more complex to manage with the impact of the recent conflict in Gaza on tourism and Suez Canal receipts staff also considered the authorities request for an augmentation of IMF support to Egypt from SDR 2 35 billion (equivalent to about US$ 3 billion) to SDR 6 11 (equivalent to about US$ 8 billion) ” said an IMF statement However this agreement is subject to approval by the IMF Executive Board The comprehensive policy package seeks to preserve debt sustainability, restore price stability, and reinstate a wellfunctioning exchange rate system while continuing to push forward deep structural reforms to promote private sector-led growth and job creation the statement added The Egyptian authorities are showing a strong commitment to act promptly on all critical aspects of their economic reform program supported by the IMF, the global lender said Egypt’s international and regional partners will play a critical role in facilitating the implementation of the authorities policies and reforms In this context the recent investment deal in Ras ElHekma alleviates the near-term financing pressures, it added E G Y P T H I K E S I N T E R E S T R AT E: On the flip side, Egypt has implemented its biggest-ever interest-rate hike and allowed its currency to weaken more than 38% in a long-awaited devaluation Bloomberg reported The series of moves included a 600 basis-point rate increase and came after Cairo struck a $35 billion deal late last month with the United Arab Emirates A dire shortage of foreign exchange has until now hammered businesses and caused the cost of imported goods to soar The Israel-Hamas war has added to economic pressures According to a report by The New Arab the Egyptian economy has long been impacted by the divide between the official value of foreign currency and how it is worth in the parallel market Pu b l i c d e b t c l i m b s by 6 . 6 % , re a c h i n g R s 6 4 . 8 t r n i n 7 M F Y 2 4 g T H I S D E BT I N C R E AS E H I G H L I G H T S F I N A N C I A L C H A L L E N G E S T H AT N E W G OV T MU S T A D D R E S S
to accumulate Rs3.65trn through T-bills, PIBs

DBACKGROUND:

PHC halts oath-taking on ‘SIC’s NA reser ved seats’ till tomorrow

Fazl says will criticise institutions until they ‘meddle’ in politics

CONTINUED FROM PAGE 01

He deplored that politicians had a history of showing weaknesses when it came to democracy “I ask the leaderships of the PML-N PPP and PTI this very question Fazl maintained that in the US a person who did not recognise its constitution, their citizenship was stripped away However, he regretted that in Pakistan, a section was preaching in the country despite not recognising the Constitution The JUI-F chief noted that the Constitution of Pakistan was framed when the country was divided into two parts He added that at the time of framing the Constitution, the political leaderships of the country proved their broad-mindedness and matureness

“In the constitution, the ideas of each class were given scope ” Fazl said if there was no Constitution nobody would be bound by any agreement

He said that from 1981 to 1986 he was in jail for the restoration of the Constitution The JUI-F chief observed that moral values were declining in the country’s society and the culture of abuse was growing We have to protect our values Why should we become murder our values? he continued Fazl maintained that his party opted for moderate politics instead of resorting to an extremist ideology

The JUI-F chief claimed that the country’s economy politics and defence were controlled through international organisations and agreements He continued that domestic laws of

countries became ineffective in comparison with international laws Fazl regretted that the country s politics was dominated by the International Monetary Fund (IMF) World Bank and Financial Action Task Force (FATF) The JUI-F chief bemoaned the inability to run the country on its own resources citing its dependency on external ones The countries that became independent after us have progressed today Political economic and defence instability lead to the destruction of countries He maintained that the US, which was reluctant to become a signatory to the Comprehensive Test Ban Treaty (CTBT) itself was forcing Pakistan to sign it The CTBT prohibits any nuclear weapon test explosion anywhere in the world

Thursday 7 March 2024 | KARACHI NEWS 03 GOVT LIKELY TO RESTRICT EXPORT OF ONION AND BANANA PR OFIT m o n to R i n G D e S k The Ministry of Finance is gearing up for significant discussions with the International Monetary Fund’s (IMF) review mission slated to commence shortly after the federal cabinet is sworn in A formal invitation will be extended to the IMF, based in Washington, D C , once the cabinet formation process is completed as reported by The News Sources close to the situation revealed that the IMF is anticipating an official invite from Islamabad Following the cabinet s establishment, an IMF delegation is expected to visit Islamabad to initiate negotiations for the second review under the existing $3 billion Standby Arrangement (SBA) program Concurrently, Pakistan plans to negotiate a new agreement under the 36month Extended Fund Facility (EFF), aiming to potentially increase the program size from $6 billion to $8 billion with the inclusion of climate finance The immediate challenge for the incoming finance minister involves meeting the Federal Board of Revenue s (FBR) tax collection target of Rs890 billion for March 2024 Failure to meet this quarterly target may lead to the IMF proposing additional taxation measures for the fiscal year s remainder Prime Minister Shehbaz Sharif has already chaired a meeting to discuss future strategies for tax system reform emphasizing the need for automation and digitalization within the FBR to enhance transparency and efficiency Despite collecting Rs5 82 trillion in the first eight months of the fiscal year the FBR faced a shortfall of Rs33 billion for February 2024 and needs to collect Rs3 58 trillion in the next four months to achieve the annual target of Rs9 415 trillion The Prime Minister has directed the immediate commencement of the FBR s automation and digitalization suggesting the adoption of leading global practices and the engagement of international firms for this purpose Pakistan sets stage for strategic IMF negotiations amid financial reforms Indus Motor Company halts production amid supply chain distress PR OFIT n e w S D e S k Indus Motor Company Limited the maker of Toyota and Daihatsu wheels in Pakistan, has informed its stakeholders of a temporary shutdown of its production plant The company said in a notice to the Pakistan Stock Exchange (PSX) that it was facing a critically low level of vehicle inventory and a dire shortage of parts and components necessary for manufacturing attributing these issues to broader supply chain disruptions The planned closure will span from March 6 to March 11, 2024 (both days inclusive) This decision aligns with the company’s obligations under Sections 96 and 131 of the Securities Act 2015 as well as Clause 5 6 1 (a) of the PSX Regulations ensuring that material information is disclosed to the relevant parties in a timely fashion S E C P f i l e s c r i m i n a l c a s e s a g a i n s t i n d i v i d u a l s i n v o l v e d i n s t o c k m a r k e t m a n i p u l a t i o n I S L A M A B A D S ta f f R e p o R t The Securities and Exchange Commission of Pakistan (SECP) has filed four criminal complaints against individuals involved in manipulating stock prices, including sponsors and brokerage house management The Court has admitted all four complaints filed by SECP against the accused individuals The accused gained significant profits by manipulating the share prices of three listed companies in 2019, 2020, and 2021 The SECP reached these conclusions after completing thorough investigations under the Securities Act of 2015 The investigations established that these individuals placed high-priced orders and traded with one another to artificially raise the share prices of specific stocks They also placed fake buy orders and then cancelled a large number of these transactions resulting in fictitious quotations to deceive potential investors The accused also fraudulently misused clients accounts to place large orders, aiming to attract the public by creating a false sense of demand for the shares In terms of the Securities Act, of 2015 market manipulation being a criminal offense may lead to imprisonment of up to three years and a fine of up to Rs two hundred million SECP is committed to taking effective supervision and enforcement actions to ensure the integrity of the capital market and protect investors from malpractice ISLAMABAD G h u l a m a B B a S
E S P I T E earlier attempts to control prices proving to be only very mildly effective the Ministry of Commerce is poised to ban the export of onions and bananas ahead of the holy month of Ramadan In a bid to ensure the availability of onions and bananas at reasonable prices during Ramadan, the Ministry of Commerce is implementing measures by imposing temporary restrictions on the export of these commodities from the country The decision to review onion and banana exports was prompted by a recommendation from the Chief Secretary of Punjab
the Ministry of Commerce instructed the Trade Development Authority to disseminate information about the decision to relevant stakeholders Effective immediately and continuing until the conclusion of Ramadan, exports of bananas to Iran and Afghanistan will be suspended or restricted Similarly exports of onions to Middle Eastern and Gulf states will be halted These directives were communicated in writing from the Ministry of Commerce to the Trade Development Authority Additionally, the Ministry of Commerce has directed the Trade Development Authority of Pakistan to consult the Sectoral Council for Agriculture and Food Processing regarding the imposition of emergency restrictions This proactive measure by the Ministry of Commerce aims to ensure an ample supply of essential commodities such as onions and bananas within the country during the sacred month of Ramadan The initiative is intended to assist consumers and maintain affordability
commitment
addressing public needs particularly
religious observances when demand
certain goods typically surges
Consequently
reflecting the government’s
to
during
for
Earlier
year, in January 2024, concerns
onion
prompting
Ministry of Commerce to take action With onions being a staple in South Asian cuisine their importance cannot be overstated However the surge in prices exceeding Rs 250/kg in many areas and breaching Rs 300/kg in some regions posed a significant challenge, especially for economically disadvantaged families
crisis stemmed from a combination of factors including disruptions in traditional supply chains from neighboring countries and export-driven demands fueled by temporary bans and pricing mechanisms And despite a hike in the Minimum Export Price (MEP) for onions to $1200 per tonne, aiming to curb outward flows and stabilize the domestic market the prices of the largely used kitchen item remained skyrocketing The exports of onions could not be controlled through the new initiative ultimately causing a rise in prices of onions in the market to around Rs 300/kg T H E I N D I A FA C TO R: India’s ban on its onion exports in December 2023, coupled with a minimum export price set by the Indian government triggered a surge in export orders from Pakistan This export opportunity led to a depletion of domestic onion stocks, resulting in a shortage and subsequent price hikes in the local market M A R K E T D Y N A M I C S: Traditional imports from Iran and Afghanistan decreased due to export duties and restrictions Pakistani exporters capitalized on the high demand by redirecting onions to lucrative markets in the Middle East and Asia Pacific, putting additional pressure on domestic prices The Ministry of Commerce’s swift actions demonstrate a commitment to addressing the immediate challenges posed by soaring onion prices However sustained efforts and proactive planning will be crucial to building resilience and stability in Pakistan s agricultural sector, particularly during times of heightened demand such as Ramadan g S T E P S TA K E N TO CO U N T E R S H O RTAG E, A N D I R R E G U L A R J U M P S I N P R I C E S D U R I N G R A M A Z A N g A F T E R C A B I N E T F O R M AT I O N, A N I M F T E A M I S E X P E C T E D TO V I S I T I S L A M A B A D TO R E V I E W $3 B I L L I O N S B A P R O G R A M
this
regarding
prices were raised,
the
The
CONTINUED
PAGE 01 “Notice to respondent 1 [ECP] for March 7 Till then respondents number five to 22 shall not be administered oath by the Speaker National Assembly the court added THE HEARING: At the outset of the hearing PTI lawyer Qazi Anwar contended that members of the party were forced to contest elections as independent candidates after being deprived of the electoral symbol ‘bat’ “After emerging victorious these PTI-backed independents joined the SIC he said Anwar contended that independent candidates should have been free to join a political party within three days after the election results were announced as per the ECP’s rules “The PTI emerged victorious on 98 general seats in the National Assembly ” the lawyer stated adding that the SIC was supposed to be allotted 22 reserved seats The lawyer further elaborated that 21 women reserved seats and four minority seats were distributed among other political parties in Khyber Pakhtunkhwa Here, Justice Ibrahim asked if the case was linked to the reserved seats in the provincial assembly or the National Assembly The ECP issued a single verdict the PTI counsel replied arguing that the SIC-PTI reserved seats could not be legally or constitutionally allocated to other parties These seats are reserved for women and minorities, what will happen if you are not allotted the seats? Will they remain vacant?” Justice Ibrahim inquired Meanwhile Justice Ahmad highlighted that the Election Act 2017 made it mandatory for a political party to submit its list for reserved seats before the polls At one point, the PTI lawyer demanded that lawmakers who had been allotted reserved seats be stopped from taking oath Subsequently, the bench reserved its verdict in the case Verdict on Bhutto reference will enable democracy to progress: Bilawal CONTINUED FROM PAGE 01 His appeal in the Supreme Court was then dismissed with a 4-3 verdict in February 1979 The case pertained to the murder of Nawab Muhammad Ahmad Khan Kasuri in March 1974 as their car was ambushed His son Ahmed Raza Kasuri, who escaped the attack, had claimed that he was the actual target of the murder plot orchestrated by the then prime minister The trial both in the LHC and the Supreme Court has always remained controversial because the way it was conducted as well as the procedural flaws Result? It has never been cited again as a precedent in any subsequent case in Pakistan It was the then president Asif Ali Zardari who had moved the country s top court on April 2 2011 through a presidential reference under Article 186 of the Constitution to seek its opinion on revisiting the trial which had culminated with the hanging of Bhutto on April 4 1979 Bhutto was removed after a military coup led by the then army chief Ziaul Haq on July 5 1977 which followed a months-long agitation as the PNA – Pakistan National Alliance – disputed the results of rigged elections earlier that year in March PESHAWAR a z i z B u n e R i Acting president of the Sarhad Chamber of Commerce and Industry Sanaullah Khan assured SCCI will take up imposition of professional tax and Point of Sale on jewelry sector along with other tax-related issues with FBR and relevant authorities The acting chief said SCCI is the only business community forum which has always played a pivotal role in taking up the community issues with authorities and resolving them amicably Businessmen want to pay taxes but it is essential to make sizable reduction in the ratio of various taxes or bring them down at a single digit Sanaullah Khan said while chairing a meeting of SCCI s Jewelry Standing Committee held here at Chamber House on Wednesday The meeting was attended by Jewelry Association Peshawar Patron in Chief Azizullah Khan Saraf and provincial Amin Husasin Babar business community attached with jewelry sector and office bearers of the association from Nowshera, Swabi, Mardan, Takht Bhai, Swat, Kohat, Hangu and others Sanaullah Khan said the business community attached with the jewelry sector has faced enormous difficulties owing to the prevailing situation in the country Despite imposing heavy tariffs on electricity and gas bills the acting president said gas and electricity were unavailable to domestic, commercial and industrial consumers in Khyber Pakhtunkhwa He said it is quite unjust with the province wherein gas and electricity production is in surplus and was tantamount to usurping the constitutional rights of KP s on natural resources Sanaullah Khan apprised the house that SCCI has planned to organise a business community dubbed: Traders, and Businessmen – Builder of the nation in first week of the May, aimed at to highlight issues of business community and natural reserves of the province Responding to a question about enforcement of the professional tax and POS system on the jewelry sector the acting president replied positively and said a meeting would be arranged with the FBR chairman shortly to take up these serious issues with them Earlier the association senior office bearers and members also spoke on the occasion and pointed out various issues of the jewelry sector mostly relating to professional tax, POS system, various provincial taxes, anti-business actions of police and local administration on which acting president Sanaullah Khan assured them to take up all issues of jewelry sector with relevant authorities in an effective manner SCCI to take up issue of imposing professional tax, PoS on jewelr y sec tor 14 fishermen missing after boat capsizes near Thatta KARACHI S ta f f R e p o R t At least 14 fishermen were reported missing on Wednesday after their boat overturned near Thatta, said local sources The boat, named Al-Asad, had a crew of around 45 fishermen, out of which 31 were rescued after the incident The fishermen hailing from Karachi s Ibrahim Hyderi the largest fishermen community departed on Monday afternoon for a fishing expedition and were expected to return Wednesday A survivor, Riaz, stated that the boat was overloaded and they were unaware of rough weather ‘My brother was also with me ’ he said adding “I couldn t save him despite all my efforts Pakistan FisherFolk Forum (PFF) Chairman Mehran Shah shared the list of missing fishermen, which includes Riaz Bengali, Ahmed Bangali, Shakeel Bengali, Sajjad, Koki, Hasho, Riaz Ashraf, Noor Alam, Rahim Sher Mallah Muneer Alam Bengali Qayoom and Hussain
agony
there
need
rescue
criticised the government
its inaction, stating
the Sindh government has not issued any statements
visited the distressed families to offer condolences “This
the first incident where fishermen have been left at the mercy of nature Shah
Deceased Koki
his
earner
sentiments Koki’s
appealed to the government to bring her son back safe and sound ISLAMABAD S ta f f R e p o R t The outgoing Senators in the Upper House on Wednesday stressed upon strengthening democracy for country s prosperous future Deputy Chairman Senate Mirza Muhammad Afridi accepted the resolution from senator Mohmmad Ishaq Dar Leader of the House and Senator Dr Shahzad Waseem Leader of the Opposition who moved the resolution under Rule 263 of the Rules of Procedure and Conduct of Business in the Senate, 2012, that the requirement of Rule 41 of the said Rules regarding question hour be dispensed with for remaining sittings of the current session Senator Professor Dr Mahar Taj Roghani in her farewell speech appreciated the Chairman Senate Sadiq Sanjrani and Deputy Chairman Senate Mirza Afridi for smooth conduct of senate sessions She suggested that the oath of the senators should not be mandatory for senators because they don t justify it with their acts when coming into power Senator Mahar Taj said that she did her best in her tenure as senator but still feel depressed for not contributing enough in the development of the country She also suggested that the bills passed by the Senate should not be sent to the National Assembly for further approval because the Senate has the status of upper house however the bills passed by the National Assembly must come to the Senate for approval Senator Moula Bux Chandio in his farewell speech said that Pakistan has to be run by politicians therefore politicians must believe in dialogue and talk to each other in country s best interest He said 18th amendment is an amendment for survival of Pakistan and Pakistan People Party will not tolerate any conspiracy to end this amendment Moula Bux Chandio said politicians and political parties must learn from their mistakes and further strengthen democracy by forgetting past mistakes He said the democracy will be matured if it is not derailed and would be more strengthen after mistakes Chandio also thanked his party leadership for nominating him for senatorship O utgoing S enators stress strengthening democrac y in countr y ’s larger interest
FROM
The families are in
Shah said stating that
was a
for immediate
efforts He
for
that
or
is not
added
s father Sikandar pleaded for
son s return saying that Koki s wedding was planned after the holy month of Ramazan He added that his son was the sole
of the family Echoing her husband’s
mother Najma

C e m e n t s e c t o r i n t r o u b l e

T h e w o e s o f t h e c e m e n t i n d u s t r y a r e c a u s e d b y a f a l l i n d e m a n d

TH E new government has received mostly bad news, but perhaps one of the worst [pieces of news it received was that the slump in the cement sector has not just continued, but worsened The despatches of cement for the year have fallen to 3 26 million tonnes, a 19 22 percent decline form the previous year ’s 4 3 million This comes after a decline of 14 8 percent the month before Cement offtake is one of the key indicators of economic activity for it indicates private investments in construction which is mostly real estate both residences and for commercial purposes If factories of any kind are being set up they will require cement The government is an important consumer of cement, which is an essential component of development activity If investors are fighting shy of making a commitment, and if the government is cutting back on development spending, the cement industry is bound to be in trouble

Perhaps unfortunately, the All-Pakistan Cement Manaas to revive the industry It seems that APCMA has not factored in the IMF factor Even it lacks a Finance Minister the Shehbaz government has already begun negotiations with the IMF for the final tranche of the present Stand-By Arrangement as well as for a new package One of the first things the IMF does is cut down on spending and the government then cuts development spending A revival of the cement industry through government development activity thus seems problematic The government should realize that it cannot do much to influence the economy, except prevent

spending being cut There is the possibility of

and indeed the

show that

have grown by a phenomenal 73 percent That does not wholly balance the inflation and interest rate factor raising costs, but it is hoped that these two will come down soon, rendering the pre-pandemic expansion better justified Exports are made easier by the decline in local demand but the global inflationary conditions are affecting foreign markets as well The government should be aware that the revival of the economy will show itself in the increased consumption of cement In that case, APCMA will not need to look to the government for any specific help for revival

Dedicated to the legac y of late Hameed Nizami

Arif Nizami (Late) Founding Editor

Nizami Editor Profit

percent to 27 6 percent Provincial estimates show a reduction across all provinces, with Punjab having the highest poverty rate at 61 8 percent in 1998-99

Th

(TMC) However unlike his father s authoritative rule, Mahamat Deby has struggled to consolidate his grip on

Zafar

Dr

Wholds earn 42 percent of the country’s income, while the bottom 50 percent earn only 13 percent This wealth disparity affects the country’s socio-economic development The Gini coefficient a measure of inequality is the worst in Pakistan with a score of 29 6 compared to Bangladesh s 32 4 India s 35 7 and the global average of 38 In Pakistan, household consumption is used as a welfare indicator Poverty lines are the thresholds that separate the poor from the non-poor The ministry of planning development and reform measures poverty on the consumption-based approach using data from the Household Integrated Economic Survey (HIES) The official poverty line in Pakistan is calorie-based and consumption-based absolute poverty is estimated after converting the household consumption level to the adult equivalent based on the recommended nutritional requirements of 2 350 calories per person per day and providing an almost equivalent amount for other basic needs Recently the Oxford Poverty and Human Development Initiative (OPHI) developed the Multidimensional Poverty Index (MPI) to reflect the multiple deprivations that a poor person faces with respect to education, health and living standards The government of Pakistan in collaboration with the United Nations Development Project (UNDP) is trying to develop an MPI for Pakistan

The successive governments have developed a comprehensive poverty reduction strategy, primarily built upon nine pillars such as macroeconomic stability and real sector growth, protecting the poor and the vulnerable, increasing productivity and value addition in agriculture integrated energy development programmes making industry internationally competitive human development for the 21st century removing infrastructure bottlenecks through public private partnerships, capital and finance for development, and governance for a just and fair system Cost of basic needs approach (CBN) has been adopted to measure poverty resulting in a significant decrease in poverty over the past two decades The percentage of poverty decreased from 61 6 percent in 1998-99 to 21 5 percent in 2018-19 with urban areas seeing a decrease from 47 4 percent to 10 7 percent and rural areas from 67 5

a homogeneous distribution of such elements

Economic development aims to enhance a community s economic well-being by creating jobs retaining them enhancing the tax base and improving quality of life However there is no single strategy for successful development, as communities vary in their geographic and political strengths and weaknesses, presenting unique challenges for economic development The World Inequality Database Report reveals that the top 10 percent of Pakistani house-

lent demonstrations that exposed the longstanding grievances embedded within Chad s sociopolitical framework President Deby s dogged quest for centralized power, mirroring the tactics of neighbouring junta-led regimes has deepened existing fault lines and stoked ethnic animosities further destabilizing an already precarious environment This decision not only shattered hopes for a smooth transition but also reignited simmering tensions, underscoring the fragility of Chad’s political landscape As dissent festers and divisions deepen, the nation finds itself teetering on the brink of upheaval grappling with the consequences of leadership decisions that have inflamed rather than assuaged societal tensions Recent developments have exacerbated Chad s political turmoil, as even members of President Deby’s own family defect to the opposition signalling fractures within the ruling Zaghawa ethnic group The detention of Deby’s uncle and the targeted killings of opposition figures serve as stark reminders of the regime s ruthless suppression of dissent, casting a foreboding shadow over the impending presidential elections scheduled for May and June

Amidst this atmosphere of heightened tension the spectre of armed conflict looms ominously particularly within the Zaghawa ethnic enclave where government forces and opposition factions brace for potential confrontations Adding to the complexity is the alleged involvement of external actors, including the notorious Wagner Group, whose presence further fuels fears of protracted violence and regional destabilization The convergence of internal fissures external influences and simmering grievances presents a volatile cocktail that threatens to plunge Chad into deeper turmoil, with ramifications extending far beyond its borders

As Chad grapples with internal turmoil, its delicate stability faces additional threats from external pressures such as the withdrawal of French troops and a nationwide strike triggered by soaring fuel prices This convergence of challenges risks creating a dangerous power vacuum and exacerbating the simmering discontent within the nation, with far-reaching consequences that extend across the Sahel region

There have been many programmes run by governments in succession like rural development programmes land reforms social welfare programmes social securities Pakistan Bait-ul-Mal Benazir Income Support Programme and much more Some of them were continued only for a specific period while others have been refined and further strengthened and are being continued Some have been replaced with new ones However, these programmes, to some extent, helped people skip out of the poverty web through multidimensional approaches By involving multiple graduation strategies resilience against various shocks and longterm planning for human capital development was built It is a proven fact that the nature of poverty in Pakistan is mostly transient, which means that the poor reflect a trend of going above and below the poverty line at times Poverty can be fought only through a special package of policy measures designed to accelerate growth both in the agricultural and industrial sectors launch new employment generation programmes and ensure a more equitable distribution of national income Education is a significant factor in determining poverty levels, being an investment in human capital In developing countries like Pakistan, low investment in education can lead to individuals overcoming poverty and guiding others to improve their situation Remittances and assets accumulation can help people out of poverty as they provide different earning opportunities Household size also affects poverty levels, with larger family units experiencing the highest levels The National Poverty Graduation Programme aims to address this issue by facilitating asset transfers and social mobilization However urban poverty intersects with discourses of exclusion marginality and vulnerability with anti-encroachment drives against the urban poor compromising their employment and housing rights Effective and monitored steps by the government are required to help reduce poverty and increase income generation

The writer has a PhD in Political Science

U r b a n p ov e r t y i n t e rs e c t s w i t h d i s c o u rs e s o f ex cl u s i o n , m a rg i n a l i t y, a n d v u l n e r a b i l i t y, w i t h a n t i - e n c ro a c h m e n t d r i v e s a g a i n s t t h e u r b a n p o o r c o m p ro m i s i n g t h e i r e m p l oy m e n t a n d h o u s i n g r i g h t s E f f e c t i v e a n d m o n i t o r e d s t e p s by t h e g ov e r n m e n t a r e r e q u i r e d t o h e l p r e d u c e p ov e r t y a n d i n c r e a s e i n c o m e g e n e r a t i o n

Yet, amidst the shadows of uncertainty, a glimmer of hope emerges– a recognition that lasting stability cannot be achieved through force alone but through comprehensive governance reforms economic empowerment and regional collaboration The crisis in Chad serves as a poignant reminder of the dangers inherent in prioritizing short-term security measures at the expense of long-term stability It underscores the urgent need for a holistic approach that addresses root causes and embraces inclusive governance as the cornerstone of sustainable peace and prosperity in the region

It is imperative for international stakeholders notably Western powers to reevaluate their involvement in the region by moving away from endorsing autocratic regimes and adopting a more equitable approach that champions human rights and democratic principles Through strategic investments in governance reforms economic development initiatives and robust conflict resolution mechanisms the global community can play a pivotal role in laying the groundwork for enduring peace and prosperity across the Sahel This shift in strategy reflects a commitment to fostering inclusive governance structures and addressing the underlying socio-economic disparities that fuel instability thereby promoting sustainable development and enhancing regional stability

the

Impor tance of extra-curricular in education

reflections of their innate interests and abilities not just pastimes

able to lead a successful argument or play an instrument well gives you an incalculable amount of confidence Students develop their feeling of self-worth, find their voice, and become ready to face the outside world with a fresh sense of purpose during these times Extracurricular accomplishments are like colourful threads added to a student’s resume for college admissions In addition to academics universities are looking for innovators leaders and creators who can leave their mark on the campus community

This is where extracurricular activities help students become more than just applicants they become storytellers of their own varied experiences by giving their character more depth and nuance Social and emotional intelligence are enhanced here These exercises serve as platforms for communication comprehension and empathy Pupils

04 Thursday 7 March 2024 COMMENT Lahore – Ph: 042-36300938, 042-36375965 I K arachi – Ph: 021-32640318 I Islamabad – Ph: 051-2204545 I Web: www pakistantoday com pk I Email: editorial@pakistantoday com pk
development
exports,
latest figures
exports
mix
basketballs
mirror
E N T E R a world where the energetic discussions of debate teams blend with the beautiful music of orchestras, and the gentle sounds of painting
with the energetic beats of
Here, students are not just learners but explorers, embarking on a journey beyond the written word They get involved in sports join student councils and take part in science groups developing their skills in problem-solving working as a team and leading These activities are essential components of education preparing students for a variety of life issues rather than simply being fun This is the exciting realm of extracurricular activities, where practical skills meet classroom learning, providing a diverse range of real-life experiences Envision a youthful painter, immersed in the hues of her canvas, brush in hand Here students go on a self-discovery trip in the vibrant spaces of the music hall or the peaceful corners of the art room These activities are
Being
are taught to cooperate embrace difference form enduring relationships and not just get along with one another The ability to empathise and operate as a team are critical skills for success in our increasingly linked society Data and studies whisper a compelling narrative: students engaged in extracurricular activities often see a positive impact on their academic performance Consider a student-athlete who combines practice with study, adopting a disciplined approach that spans both fields This balance promotes a disciplined lifestyle in which academic performance and personal development coexist Let me sum up by saying that extracurricular activities are the finishing touches that turn education into a masterpiece They give children the tools they need to succeed not only in school but in life as a whole, filling their futures with the vivid hues of abilities, self-assurance, and character In the end, these pursuits are more than just educational add-ons; they are the fundamental component of the educational journey that moulds people into capable agents who can contribute to and traverse the world’s always shifting weave ALI ASHIQ SINDHU LAHORE
WA R is considered a conflict between two or more nations, but there are often other actors who benefit from this The real winners of war make money when humanity bleeds Since war fuels the demand for weapons, the manufacturers expect their revenues to accelerate Wars anywhere in the world are no less than a lifeline for them Amidst the Israel-Hamas war these inhuman actors have found a way to make hay while the sun shines The latest data on global military spending published by the Stockholm International Peace Research Institute (SIPRI) reveals that global military expenditure has reached $2,240 billion This figure is intimidating and gruesome The nations of the world must act responsibly MUDASSAR FARID QURESHI LAHORE E d i t o r ’ s m a i l Send your letters to: Letters to Editor Pakistan Today 4-Shaarey Fatima Jinnah Lahore Pakistan E-mail: letters@pakistantoday com pk Letters should be addressed to Pakistan Today exclusively S I T U AT E D amidst the vast expanse of the Sahel a sprawling geographical region spanning over 4,000 miles along the southern perimeters of the Sahara Desert, Chad serves as a vivid portrayal of the nuanced interplay between internal dynamics and external pressures in the area Recent events have thrust this landlocked nation into the global spotlight illuminating the intricate balance between internal strife and external forces that define the Sahelian landscape This heightened visibility underscores the complex web of challenges faced by Chad highlighting the delicate equilibrium between domestic complexities and external influences that shape the region s geopolitical landscape For decades, Chad has been hailed as a bastion of stability amidst the tumultuous landscape of the Sahel However, the nation now stands at a critical juncture, wrestling with the reverberations of political violence that erupted within its capital N Djamena This recent escalation serves as a poignant reminder of the precarious intersection between internal challenges and broader regional dynamics, casting a shadow of uncertainty over the nation s future As Chad grapples with these unsettling developments, the spectre of insecurity looms ominously underscoring the fragility of its hard-won stability in the face of mounting pressures The roots of Chad s current turmoil run deep, woven from a complex tapestry of sociopolitical unrest, economic desperation, and the contagion of military coups that have swept across the Sahel in recent years Following the passing of President Idriss Deby Itno in April 2021 power passed to his son Mahamat Deby who assumed leadership of an interim Transitional Military Council
power
circles
the civilian
sitional
October 2022 despite assurances of a prompt shift towards civilian governance, sparked
War profiteers
amidst mounting discontent from both military
and
populace The contentious choice to prolong the Tran-
Military Council s (TMC) authority in
vio-
ing a vision of governance that is inclusive and cooperation that spans the region, Chad has the potential to emerge from its current crisis with newfound strength and resilience Although the journey ahead may be fraught with obstacles, the destination– a Sahel characterized by peace prosperity and progress– is a goal worthy of collective effort It is through perseverance unity and a steadfast commitment to positive change that Chad can navigate through the crucible of crisis and emerge stronger than ever before, serving as a beacon of hope for the entire African continent The writer can be reached at: writetomahossain@gmail com C h a d ’ s p o l i t i c a l t u r m o i l s e n d s r i p p l e s a c r o s s t h e g l o b e
While
path forward for Chad remains shrouded in uncertainty, within the chaos lies a unique opportunity-an opportunity to chart a fresh course towards stability and security in the heart of Africa By acknowledging the lessons learned from past challenges and embrac-
e p re s e n ce t h e re o f t h e Wa g n e r G ro u p co m p l i c ate s m at te r s M a hoSSain
I T H 12 5 million more people falling into poverty due to poor economic conditions, Pakistan’s poverty rate surged to 41 3 percent from 34 2 percent in one year The increase is consistent with ground realities as Pakistan s economic model is no longer reducing poverty and living standards have fallen behind peer countries In 2022, Pakistan experienced devastating floods, affecting 33 million people in 94 districts The UN reported 20 6 million people needed assistance, including 14 6 million for emergency food seven million children needing nutrition services four million lacking access to health services and 5 5 million lacking safe drinking water Spatial disparities in socioeconomic development, particularly when regional inequality aligns with political and ethnic tensions, pose a significant concern in developing economies However, the economic study of disparity is a multifaceted topic encompassing the absence of equality and the distribution of interests to specific recipient units This concept is often associated with justice considerations and the positive ethical value of equality Understanding the correct interpretation, measurement, and definition of disparity is crucial for a comprehensive understanding Disparity studies must focus on a measurable element such as income wealth consumption welfare or utility such as gender race opportunities or income inequality The distribution of these elements is evaluated based on their goodness or badness, and the concept of disparity represents the value judgment of the absence of
and is a visiting faculty member at QAU Islamabad He can be reached at zafarkhansafdar@yahoo com and tweets @zafarkhansafdar S p a t i a l d i s p a r i t i e s i n s o c i o - e c o n o m i c d e v e l o p m e n t
r i n g i n g p e o p l e o u t o f p o v e r t y re q u i re s e f f o r t
B
I t i s i m p e r a t i v e fo r i n t e r n a t i o n a l s t a k e h o l d e rs , n o t a b ly We s t e r n p ow e rs , t o r e eva l u a t e t h e i r i nvo l v e m e n t i n t h e r e g i o n by m ov i n g aw ay f ro m e n d o rs i n g a u t o c r a t i c r e g i m e s a n d a d o p t i n g a m o r e e q u i t a b l e a p p ro a c h t h a t c h a m p i o n s h u m a n r i g h t s a n d d e m o c r a t i c p r i n c i p l e s Khan SafDar

B e i n g i n f a s h i o n m i g ht m e a n b e i n g a p o l l u te r

processes which were often released untreated into nearby water bodies

T

H E environmental impact of fast fashion is particularly concerning contributing significantly to the triple planetary crisis of pollution waste and emissions The industry is under pressure to shift towards more sustainable and circular models, reducing waste and increasing reuse and recycling Consumers are increasingly demanding change seeking more sustainable and resilient garments which is driving some companies like Patagonia to adopt more radical sustainability measures The key points about the relationship between pollution and the fashion industry include: A WATER POLLUTION: The fashion industry is one of the largest consumers of water globally and is responsible for a considerable amount of water pollution Dyeing and treating textiles contribute to 20 percent of global wastewater contaminating rivers and oceans with toxic chemicals B CHEMICAL USAGE: The production of textiles involves a wide range of chemicals, many of which are harmful to the environment and human health These include dyes, fixatives, and solvents, which can leach into ecosystems and disrupt local wildlife and communities C CARBON EMISSIONS: The fashion industry is also a significant source of carbon emissions, contributing to climate change This is due to energy-intensive production processes, long supply chains and the reliance on fossil

D WASTE PRODUCTION: A considerable amount of waste is generated through the lifecycle of fashion products, from off-cuts of fabric during the production process to the disposal of unsold or worn-out garments The rise of fast fashion has exacerbated this problem leading to increased consumption and a higher turnover of clothes which often end up in landfillsE MICROFIBER POLLUTION: Synthetic fibres like polyester and nylon, which are prevalent in the fashion industry, shed microfibers when washed These microfibres are too small to be caught by standard wastewater treatment plants and thus end up in the ocean contributing to microplastic pollution

F SOIL DEGRADATION: Cotton, one of the most widely used natural fibres in the fashion industry, is often grown in a way that depletes soil and uses large amounts of water and pesticides leading to soil degradation and loss of arable land

The background of the relationship between fashion and pollution can be traced back to several key developments:

A INDUSTRIAL REVOLUTION: The advent of the Industrial Revolution in the late 18th and early 19th centuries marked a significant turning point for the textile and fashion industries The introduction of mechanized spinning and weaving machines dramatically increased the production capacity, making textiles and clothing more accessible to a broader population However this also led to increased environmental degradation as factories emitted pollutants into the air and water, and the demand for raw materials like cotton led to intensive, often unsustainable agricultural practices

B CHEMICAL DYES AND TREATMENTS: The 19th century saw the development of synthetic dyes which replaced natural dyes that were more labour-intensive and costly to produce While synthetic dyes made a broader spectrum of colours more readily available and affordable, they also introduced a range of environmental problems due to the toxic chemicals used in dyeing

C GLOBALIZATION: The late 20th and early 21st centuries have been characterized by the globalization of the fashion industry Production has shifted to countries with lower labour costs leading to complex global supply chains This globalization has exacerbated environmental issues due to increased transportation emissions, resource extraction in diverse ecosystems, and the spread of polluting manufacturing practices to regions with less stringent environmental regulations

D FAST FASHION: The rise of fast fashion in recent decades has significantly impacted the environment Fast fashion refers to the rapid production of inexpensive clothing in response to the latest trends leading to overconsumption and excessive waste This business model has contributed to a dramatic increase in the amount of clothing produced and discarded, with significant implications for waste management and resource depletion

E CONSUMER AWARENESS AND SUSTAINABILITY MOVEMENT: In response to the growing recognition of the environmental impact of the fashion industry there has been a rise in consumer awareness and demand for more sustainable practices This has led to various initiatives within the industry to reduce pollution such as adopting more sustainable materials improving energy efficiency and promoting recycling and circular fashion models The background of pollution in the fashion industry highlights the complex interplay between industrial innovation, economic development, consumer culture, and environmental impact

The fashion industry significantly impacts pollution across various dimensions contributing to environmental degradation on multiple fronts Here are some of the key effects of the fashion industry on pollution:

A WATER POLLUTION: The fashion industry is one of the largest contributors to water pollution globally This is due to the discharge of untreated dye waters and chemicals from textile factories into rivers and oceans, which contaminates water bodies and harms aquatic life The processing of textiles and the production of fabrics like cotton also require large quantities of water leading to water scarcity in some regions

B CHEMICAL POLLUTION: The use of hazardous chemicals in dyeing, printing, and finishing processes releases toxic substances into the environment These chemicals can be harmful to both human health and wildlife Workers in the industry are often exposed to these chemicals leading to health issues while runoff from factories contaminates soil and waterways

C AIR POLLUTION: The production and processing of textiles contribute to air pollution through the emission of particulate matter volatile organic compounds (VOCs) and other pollutants from factories The transportation of

Aagainst the most popular and progressive members so this should be a scandal ” “The whole of the Democratic Party should be united in opposition to this he added But it isn t and part of the reason why is that many Democrats are beneficiaries of AIPAC s largesse It wasn t a Republican who unseated Levin, but rather Democratic Rep Haley Stevens who has been staunchly supportive of Israel even as its military forces have killed and maimed more than 100 000 Palestinians forcibly displaced around 90 percent of Gaza s 2 3 million people, and fueled growing famine by tightening an already crippling economic stranglehold on the besieged enclave House Minority Leader Hakeem Jeffries (D-N Y ) another strong pro-Israel voice counted AIPAC as his top donor during the last election cycle AIPAC has also been a leading contributor to lawmakers including Reps Ritchie Torres (D-N Y ) and Josh Gottheimer (D-N J ), who not only vocally support Israel, but also attack colleagues like Bush; Rep Ilhan Omar (D-Minn ); and Rep Rashida Tlaib (DMich ) the only Palestinian American in Congress for their pro-Palestinian views Democratic Majority for Israel an AIPACconnected group, is backing nine House Democratic candidates, including Joana Weiss, who is running a nasty campaign against Min in California But DMFI’s support pales in comparison to the $4 5 million that AIPAC’s United Democracy Project has spent in a bid to defeat Min Despite state Sen Min s support of Israel and a broad coalition of endorsements from the Jewish community, a number of Republican donors at AIPAC are upset that he has called for Bibi Netanyahu to be held accountable for the security failures on October 7 and Netanyahu’s failure of leadership during this crisis Dan Driscoll Min s campaign manager said in a statement Sen Min does not believe in the annexation of West Bank settlements, he had hoped that a constructive dialogue could be had It appears they disagreed ” Maurice Mitchell, political director for the Working Families Party acknowledged to Politico that it s hard to match AIPAC s financial firepower We can never go dollar for dollar but our goal is to be competitive and we re going A I PA C ’ s d a r k m o n e y a r m u n l e a s h e s $ 1 0 0 m i l l i o n

resolution subsequently co-sponsored by 18 House Democrats

2

4 U S

goods within the global supply chain also contributes to greenhouse gas emissions, exacerbating climate change

D WASTE GENERATION: The fashion industry produces a significant amount of waste from the textile production stage to the end of a garment’s life Fabric scraps defective products and unsold clothing often end up in landfills or are incinerated, contributing to pollution and resource wastage The rapid turnover of fashion trends, particularly with the rise of fast fashion, has led to increased consumption and disposal of clothing further intensifying the problem

E MICROFIBRE POLLUTION: Synthetic fabrics like polyester release microfibers when washed, which are too small to be filtered out by wastewater treatment plants These microfibers end up in oceans and waterways contributing to microplastic pollution They can be ingested by marine life causing harm and entering the food chain

F SOIL DEGRADATION AND PESTICIDE USE: The cultivation of non-organic cotton and other natural fibers involves the use of large amounts of pesticides and fertilizers which can degrade soil quality and lead to chemical runoff into water bodies This not only affects soil health and biodiversity but also poses risks to farmers and surrounding communities

To mitigate these effects, the fashion industry is exploring sustainable practices such as using eco-friendly materials improving production processes adopting circular economy principles and encouraging consumer behaviour towards more sustainable fashion choices

The writer is a youth motivator and former Head of the University Department of Political Science B N Mandal University Madhepura Bihar India

The brutal gang-rape of a Spanish tourist in the Indian state of Jharkhand has sparked outrage, highlighted the issue of rampant sexual violence, and prompted calls for better protection of women

crude and frighteningly brutal nature of these attacks have shocked Indian society and once again thrust the issue of women s safety into the spotlight Brutal rapes have been reported in India on a near-daily basis, and reports of ghastly sexual assaults have risen in recent years An average of nearly 90 rapes a day were reported in India in 2022 according to data from India s National Crime Records Bureau (NCRB)

true figure is likely to be much higher, as many such crimes go unreported duecrimes and that must change Edited by: Keith Walker

DW

Thursday 7 March 2024 COMMENT 05
M I D S T global outcry over the ongoing assault on Gaza and the related humanitarian crisis it has wrought, the American Israel Public Affairs Committee’s super PAC is set to spend a staggering $100 million against both pro-Palestine congressional members and candidates who aren t seen as sufficiently supportive of Israel With increasing numbers of Democrats speaking out against the far-right government of Israeli Prime Minister Benjamin Netanyahu over its genocide in Gaza and violent repression in the occupied West Bank and East Jerusalem AIPAC has shown zero tolerance for even the mildest criticism of Israeli government policies and practices Dave Min, a Democratic California state senator running for Rep Katie Porter ’s (DCalif ) House seat has said very little publicly about Israel since the Oct 7 attacks which he strongly condemned He does not support a Gaza cease-fire Min did however make the mistake of criticizing Netanyahu s leadership and Israeli settlement expansion during private talks with AIPAC leaders and members United Democracy Project, AIPAC’s dark money group retaliated by firing a broadside of television and mail ads hammering Min over his May 2023 drunk driving arrest as part of a $4 5 million blitz against him Feeling the heat Min turned to someone painfully familiar with AIPAC s wrath former Michigan Congressman Andy Levin, a two-term Democratic incumbent former synagogue president and self-described Zionist who lost his seat following a $4 million AIPAC barrage during the 2022 Democratic primaries The group targeted Levin over his opposition to Israel s occupation The former congressman told Politico this week that “most” candidates can’t survive AIPAC’s deep-pocketed attacks: “I’m afraid that they can be quite successful in wiping them out AIPAC and their Republican mega-donors are targeting Black and brown Democratic incumbents with the same rightwing playbook across the country, said Rep Cori Bush (D-Mo ), an outspoken critic of Israel’s war on Gaza and the author of an October cease-fire
Rep Mark Pocan (D-Wis ) recently called AIPAC basically a wholly owned subsidiary of the GOP and a front group for conservative policy Referring to the National Rifle Association, the right-wing lobby group that fronts for the U S gun industry Rep Alexandria Ocasio-Cortez (D-N Y ) last month slammed AIPAC as the NRA of foreign policy Usamah Andrabi communications director for Justice Democrats, told Politico that a handful of Republican billionaire megadonors are using AIPAC to spend in Democratic primaries against Black and brown progressives funding primary campaigns to do that, he said Progressives point to Democratic Pennsylvania Congresswoman Summer Lee who in 2022 defeated AIPAC-backed Democrat Steve Irwin as a sign of hope A Republican-funded Super PAC threatened to spend $100 million against us and our grassroots people-powered movement has responded loud and clear, Lee said earlier this year I am so proud of the multigenerational, multiracial movement we have built in Western Pennsylvania to protect and expand our democracy it is our greatest defense against the dark money super PACs and corporate lobbies who seek to undermine it she added They have Donald Trump and Nikki Haley s donors, we have the overwhelming power of the people Brett Wilkins is a staff writer for Common Dreams
fuels in various stages of production and distribution
E V E N men have been accused of brutally gang raping a Spanish tourist in the Dumka district of the eastern Indian state of Jharkhand The 28-year-old vlogger and her 64-year-old husband have been traveling the world on their motorcycles for several years The attack took place on March 1 around 300 km (186 miles) from the state capital Ranchi, where the couple was spending the night in a tent, police said They had decided to camp in the town since they found no hotels to stay at overnight They raped me they took turns while some watched and they stayed like that for about two hours the woman who has joint Brazilian-Spanish nationality, told Spanish TV channel Antena 3 The couple had travelled to several parts of Asia on their motorbikes before arriving in India a few months ago In a separate incident just days after the attack on the Spanish tourist police said a 21-year-old stage performer from the central Indian state of Chhattisgarh was allegedly gang raped by her coartistes in Jharkhand’s Palamu district These horrific attacks come on the heels of another incident over the weekend when a 17-year-old girl was allegedly gang raped by two men when she was returning home after attending a wedding function in the Hathras district of northern Uttar Pradesh
S
The
acts as an encouraging factor This is a backlash against women occupying more public spaces and challenging male hegemony in almost all walks of life ” Velankar told
The
to fear of reprisal, prevailing stigmas around victims and a lack of faith in police investigations “We are seeing the worst phase of sexual violence and misogyny now Kavita Srivastava general secretary of the Peoples Union of Civil Liberties told DW This is the new India where there seems to be a complete breakdown of the rule of law, which is directly affecting women most, as it is also a period of unabashed consolidation of patriarchy ” Srivastava who has campaigned on women s safety says violence against women seems to have become even more normalized For instance, the trolls on social media, who want to either silence, abuse or rape every assertive woman or her daughter are not made accountable ” Srivastava said “With the increasing impunity that the violators have and the judicial instruments also surrendering to the political masters, fighting rape has become tough Jaya Velankar, director of Jagori, an NGO working on women’s issues, sees the rise in sexual crimes against women in the country as well the treatment of those on the lowest rung of the nation s rigid caste system as a result of the culture of impunity from top to bottom that
Most men are overwhelmed and do not know how to handle their bruised egos and the widespread unemployment has created an overall hopelessness ” she added Velankar also referred to the low levels of convictions with cases getting clogged up for years in India s criminal justice system Shoddy investigations in rape cases and poor evidence collection at the preliminary stage are also factors that have helped those in power and political connections go scot free Velankar said Is India s justice system failing lowcaste Dalit women? Rights groups say that women from the lowest level of India s centuries-old discriminatory caste hierarchy known as Dalits are particularly vulnerable to sexual violence and other attacks They say men from dominant castes often use sexual violence as a weapon to reinforce repressive gender and caste hierarchies The fatal 2012 gang rape and murder of 23-year-old Dehli student Jyoti Singh sparked nationwide protests and put the spotlight on women’s safety in India The attack on Singh also prompted stricter laws on sexual violence and eventually the introduction of the death penalty for rape Despite this, sexual crime has not gone away The nature of rape has become more aggressive, more brutalized and to an extent become a form of vigilantism and gangsterism Despite an increase in the number of reported rape cases and more women speaking out the conviction rate in the country remains low In many cases, lack of proof is often cited as a reason for the low conviction rate or for convictions being overturned by higher courts “What happened to the Spanish tourist is totally unacceptable and speaks volumes about the lawlessness in the country Amod Kanth a former police official told DW We know that there is gross underreporting of sexual
Am i d t h e Ne t a nya h u g ove r n m e nt ’s a s s a u l t o n G a z a a n d i nte n s i f y i n g re p re s s i o n i n t h e We s t B a n k , A I PAC i s s h ow i n g ze ro to l e ra n ce fo r e ve n t h e m i l d e s t c r
e
e c
i o n s dr rajKuMar singh Role of fashion industry in pollution: Today and tomorrow
Has rape become normalized in India?
i t i c i s m o f Is ra e l d u r i n g t h e 2 0
l
t
To mitigate these effects, the fashion industr y is exploring sustainable practices, such as using eco-friendly materials, improving production processes, adopting circular economy principles, and encouraging consumer behaviour towards more sustainable fashion choices
COMMON DREAMS B r E t t W i l K i n s DW M u r a l i K r i s h n a n T H E bedwetter caucus is back to borrow the dismissive phrase from Barack Obama strategist David Plouffe about Democrats who fret about President Biden s reelection odds A spate of pre-Super Tuesday polls suggest that fretting could soon turn to wailing and gnashing of teeth Four major polls rolled out in the past few days, and Mr Biden is losing to Donald Trump in all of them He’s down two points in a head-to-head matchup in the Wall Street Journal and Fox News surveys more if you include third- or fourth-party candidates He s down five points in the Siena-New York Times poll, and he s getting crushed in the swing states in the Bloomberg News survey Worse is the public mood A quarter or less of Americans think the country is moving in the right direction and they think Mr Biden s Presidency has done more harm than good T h e y t h i n k M r B i d e n i s t o o o l d t o b e P r e s i d e n t , a n d t h e y view Mr Trump s Presidency far more favorably than they do Mr Biden’s Most important Mr Biden is viewed even more unfavorably than Mr Trump in the polls (59% to 57% unfavorable in the Fox survey which is Mr Biden s best showing) This is hard to do considering that Mr Trump never cracked 50% approval in the Gallup poll during his Presidency In the 2020 campaign, Mr Biden never trailed Mr Trump in polling averages This is a perilous position for the incumbent this close to the election Democrats are counting on a boffo State of the Union speech this week the public giving him more credit for the economy as inflation eases the abortion issue a friendly press and Mr Trump s well-known capacity for self-destruction perhaps including a felony conviction But collars are tightening among our friends on the left If the polls are this bad for Mr Biden in June or July, the pressure will rise for the President to do what’s best for the country and yield to a younger nominee P a n i c t i m e f o r D e m o c r a t s WALL STREET JOURNAL E d i to r i a l B oa r d B i d e n i s l o s i n g to Tr u m p i n e ve r y p o l l

HPresident Joe Biden said on Tuesday that US ally Israel was cooperating and “a rational offer” had been made for a ceasefire in exchange for the release of

hostages It s in the hands of Hamas right now Biden told reporters If we get to the cir-

that it [fighting] continues to Ra-

Saudi Arabia hikes oil prices for Asia, lowers for Europe

cupation is still evading the entitlements of this agreement Hamas said in a statement

A source earlier said Israel was staying away from the Cairo talks because Hamas refused to provide a list of hostages who are still alive Hamas says this is impossible without a ceasefire as hostages are scattered across the war zone Israeli forces which began their offensive in Gaza after the deadly Hamas raid on Israel on Oct 7, have continued bombarding the Palestinian enclave since the talks began in Cairo on Sunday, and the dire humanitarian situation in the densely populated coastal strip has deteriorated further Every day costs us dozens of martyrs [dead] We want a ceasefire now Shaban Abdel-Raouf, a Palestinian electrician and father of five from Gaza City, who is now in the southern city of Khan Younis, told Reuters via a chat app Residents of Khan Younis reported

X i c alls for developing new qualit y produc tive forces tailored to loc al conditions Nikki Haley suspends White House bid, clearing path for a Trump-Biden rematch

BEIJING M i A n A b r A r

President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission stressed the concept again on Tuesday when he participated in a deliberation with fellow lawmakers from east China s Jiangsu Province during the second session of the 14th NPC First put forward by Xi in his inspection tour of northeast China’s Heilongjiang Province in September 2023 the term was highlighted again at the Central Economic Work Conference in December, and became the subject of the first group study session held by the Political Bureau of the Communist Party of China (CPC) Central Committee this year With innovation playing the leading role new quality productive forces mean advanced productivity that is freed from traditional economic growth mode and productivity development paths, features high-tech, high efficiency and high quality, and comes in line with the new development philosophy Xi

also general secretary of the CPC Central Committee said at the study session New quality productive forces are driven by revolutionary technological breakthroughs, innovative allocation of production factors, and deep industrial transformation and upgrading he noted Xi highlighted the concept again Tuesday when participating in a deliberation at the ongoing annual national legislative session, stressing developing new quality productive forces based on local conditions He called for efforts to step up innovation, foster emerging industries, adopt forwardthinking plans for developing future-oriented industries and improve the modern industrial system Developing new quality productive forces does not mean neglecting or abandoning traditional industries, Xi said, noting that it is necessary to prevent a headlong rush into projects and the formation of industry bubbles and avoid adopting just a single model of development China has made strides in boosting scitech innovation and industrial upgrading Its global ranking in innovation has increased markedly over the past decade, while strate-

show that China s PV power generation capacity has ranked first in the world for eight consecutive years Statistics show that the output value of Jiangsu’s strategic emerging industries and high-tech industries accounted for 41 3 percent and 49 9 percent of the province’s industries respectively Last year the province also revealed its plan to further promote high-end industries targeting the creation of five strategic emerging industrial clusters with international competitiveness, namely biomedicine, intelligent manufacturing equipment integrated circuits smart grids and new energy

its legitimate rights and interests is unwavering and the Philippines rights-infringing and provocative attempts will not succeed said Mao

(HLRN)

stressed

Th d y 7 M h 2024 | KARACHI 06 NEWS CAIR O r e u t e r s
A M A S stuck to its terms for a ceasefire deal and hostage exchange with Israel on Wednesday after the United States said truce talks in Cairo were in the hands of the Palestinian group Negotiators from Hamas, Qatar and Egypt – but not Israel – are in Cairo trying to secure a 40-day ceasefire in the war between Israel and Hamas in Gaza in time for the month of Ramazan which begins
next
terms on the
mazan
pledged to continue to take part in the Cairo talks but Hamas officials
a ceasefire must be in place before hostages are released Israel must withdraw
Gaza and all Gazans
to homes they were forced to flee
are showing the required flexibility in order to reach a comprehensive cessation of aggression against our people but the oc-
early
week Urging Hamas to accept the
table,
Israeli
cumstance
it s gonna be very dangerous Hamas
said
from
must be able to return
We
hearing explosions all night Israeli warplanes struck areas of Al-Nuseirat refugee camp and Deir Al-Balah city in central Gaza and part of the southern city of Rafah witnesses said Health officials in Hamas-run Gaza said the number of people confirmed killed in Israel’s offensive had now passed 30,700, with 86 deaths reported in the past 24 hours Palestinian health officials later said seven people had been killed when Israeli forces fired on groups in central Gaza Israel did not immediately comment on the report and the circumstances were unclear D E A L O N T H E TA B L E: A deal is being sought before Ramazan because PalestinianIsraeli violence in Israel and the occupied Palestinian territories often spikes during the fasting month, as does hostility towards Israel in the Arab and Muslim world, creating a strong incentive for leaders to clinch a deal before then The deal presented to Hamas would free some of the hostages it still holds following the Oct 7 attack, in which Israel said 1,200 people were killed and 253 abducted Aid to Gaza would be increased to try to avert famine as hospitals treat acutely malnourished children and Hamas would provide a list of all the hostages held in Gaza In Beirut Hamas official Osama Hamdan said any exchange of prisoners cannot take place until after a ceasefire Israel wants merely a pause in fighting to get hostages out of Gaza and more aid in and says it will not end the conflict before Hamas is eliminated G A Z A C E A S E F I R E TA L KS AT A N I M PA S S E A S H U M A N I TA R I A N C R I S I S D E E P E N S
PR OFIT M o n i to r i n g d e s k Saudi Arabia hiked the official selling prices of its crude for Asian buyers following the extension of the OPEC+ production cut agreement until the end of the first half of the year The price for the country s flagship Arab Light grade was raised by $0 20 per barrel over the Oman/Dubai average Reuters reported, meaning April deliveries will cost $1 70 per barrel more than the Oman/Dubai average, up from $1 50 per barrel this month At the same time Aramco lowered its prices for European buyers by between $0 60 and $0 70 per barrel Prices for sales to the United States were virtually unchanged The price hike comes despite expectations by some in the oil industry that the Saudis would leave the Aril prices unchanged from March “The market structure and product cracks didn’t change too much compared to last month and I think now with Red Sea shipping still having uncertainty probably they will want to push the barrels to Asia, one unnamed source from the downstream industry told Reuters earlier this month OPEC+ last weekend agreed to extend its production cuts as benchmark prices remained stubbornly range-bound largely on expectations of weak demand growth and additional supply from non-OPEC producers that could satisfy most of the new demands coming this year Not everyone agrees that it would be enough Some, including the EIA, expect much weaker production growth in the US which is regularly given as an example of the non-OPEC supply that is expected to cover additional demand The actual demand growth rate for the year will only become known much later Some do not exclude a deficit in oil markets Most analysts however expect oil prices to remain around where they are now throughout the year driven by slow economic growth that normally tends to sap demand for oil and gas
a selective manner, Xi said As one of the engines driving China’s economic growth Jiangsu’s GDP reached 12 82 trillion yuan ($1 78 trillion) last year ranking second in China The advanced manufacturing industry has become the strongest source of the province s GDP growth in recent years, according to Li Hui, an associate researcher at the Institute of Economics of Jiangsu Academy of Social Sciences Once an outsider, China’s photovoltaic (PV) industry is now the world’s frontrunner Data for 2023 from the National Energy Administration
WASHINGTON r e u t e r s Nikki Haley ended her long-shot challenge to Republican presidential frontrunner Donald Trump on Wednesday ensuring the former president will be the party s candidate in a rematch with Democratic President Joe Biden in November s election Haley, the former South Carolina governor and Trump’s ambassador to the United Nations when he was president made the announcement in a speech i n C h a r l e s t o n a d a y a f t e r S u p e r Tu e s d a y w h e n Trump beat her soundly in 14 of 15 Republican nominating contests The time has now come to suspend my campaign, Haley said I have no regrets She said it was likely Trump would be the Republican nominee but did not endorse him “It is now up to Donald Trump to earn the votes of those in our party and beyond it she said And I hope he does that Drawing on her foreign policy experience at the UN Haley said it was important to continue US global leadership Throughout her campaign, Haley said the United States must help Ukraine defend itself against Russian aggression a position at odds with Trump If we retreat further there will be more war not less she said There was no indication Trump would moderate his message He ll continue to focus on the issues that matter: immigration, economy, foreign policy, Karoline Leavitt, press secretary for the Trump campaign, said late on Tuesday Haley lasted longer than any other Republican challenger to Trump but never posed a serious threat to the former president whose iron grip on the party s base remains firm despite multiple criminal indictments The rematch between Trump, 77, and Biden, 81 the first repeat US presidential contest since 1956 is one that few Americans want Opinion polls show both Biden and Trump have low approval ratings among voters The election promises to be deeply divisive in a country already riven by political polarization Biden has cast Trump as an existential danger to democratic principles, while Trump has sought to re-litigate his false claims that he won in 2020 Haley 52 drew support from deep-pocketed donors intent on stopping Trump from winning a third consecutive Republican presidential nomination, particularly after she notched a series of strong performances at debates that Trump opted to skip She ultimately failed to pry loose enough conservative voters in the face of Trump s dominance But her stronger showing among moderate Republicans and independents highlighted how Trump s scorched-earth style of politics could make him vulnerable in the Nov 5 election against Biden Biden has his own baggage including widespread concern about his age Three-quarters of respondents in a February Reuters/Ipsos poll said he was too old to work in government after already serving as the oldest US president in history About half of respondents said the same about Trump As in 2020, the race is likely to come down to a handful of swing states, thanks to the winnertake-all state-by-state Electoral College system that determines the presidential election Arizona Georgia Michigan Nevada North Carolina Pennsylvania and Wisconsin are all expected to be closely contested in November The central issues of the campaign have already come into focus Despite low unemployment, a red-hot stock market and easing inflation voters have voiced dissatisfaction with Biden’s economic performance Biden s other major weakness is the state of the US-Mexico border where a surge of migrants overwhelmed the system after Biden eased some Trumpera policies Trump s hawkish stance on immigration including a promise to initiate the largest deportation effort in history is at the core of his campaign just as it was in 2016 Voters expect Trump would do a better job on both the economy and immigration according to opinion polls Republican lawmakers, egged on by Trump, rejected a bipartisan immigration enforcement bill in February, giving Biden an opportunity to argue that Republicans are more interested in preserving the southern border as a problem rather than finding a solution BEIJING s tA f f c o r r e s p o n d e n t China on Wednesday urged the United States to stop using the Philippines as a “pawn” in the South China Sea “China urges the U S not to use the Philippines as a pawn to stir up trouble in the South China Sea The Philippines should not let itself be at the mercy of the U S , Chinese Foreign Ministry spokesperson Mao Ning said at a press briefing in response to a question about whether the United States’ condemnation of China’s actions was “provocative ” Four Philippine vessels on Tuesday trespassed into the waters adjacent to Ren’ai Jiao part of China s Nansha Qundao in the South China Sea to send construction materials to an illegally grounded military vessel on the island In response the Chinese
C H I N A TO C O N T I N U E TO S U P P O RT T H E U N RWA’S W O R K I N G A Z A, S AY S E N VO Y: A Chinese envoy on Tuesday said that China will continue to support the work of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) in Gaza China will continue to work with the international community to support the work of UNRWA and other humanitarian agencies in Gaza and to make tireless efforts to end the hostilities in Gaza, alleviate the humanitarian crisis, implement the two-state solution, and achieve lasting peace and stability in the Middle East ” Geng Shuang China s deputy permanent representative to the United Nations told the UN General Assembly briefing on the UNRWA Geng
that the presence and
UNRWA have been
irreplaceable
the over two million
Gaza to
international
“Risking their lives, the staff of UNRWA have built a lifeline for the
in Gaza through their
gic emerging industries such as new energy high-end equipment and biotechnology have taken a larger share in the national economic output Developing new quality productive forces is an intrinsic requirement and an important focus of promoting highquality development ” Xi once said He called on the province to develop new quality productive forces tailored to local conditions saying Jiangsu has good conditions and strong capability to develop them and urging the province to develop advanced manufacturing and forge clusters of strategic emerging industries with international competitiveness “Localities should take into account their own resource endowment industrial foundation and scientific research conditions in promoting the development of new industries, models and growth drivers in and sacrifices ” he
Coast Guard took the necessary measures against the Philippine vessels in accordance with the law, according to a spokesperson for the guard on Tuesday Ren’ai Jiao is a bilateral issue between China and the Philippines Mao said adding that any third party including the United States should refrain from stirring up trouble let alone intervening China s resolve to defend
work of the
indispensable and
for
people in
receive
humanitarian aid
people
efforts
said
NEW DELHI Ag e n c e s Shedding light on forced evictions being done under the watch of Modi government, a comprehensive report has said that 2023 witnessed an alarming spike in such evictions across India displacing over half a million individuals and mostly impacting marginalized communities particularly Muslims The landmark report titled Forced Evictions in India: 2022 & 2023 was released by New Delhi-based Housing and Land Rights Network
This report, the sixth in a series of annual publications by HLRN on evictions, highlights a significant surge in the number of home demolitions in India between 2022 and 2023 particularly impacting the poor and marginalised populations Over this period more than 1 5 lakh houses were demolished by state authorities, resulting in the forceful eviction of over 7 4 lakh people from their homes According to HLRN s comprehensive report, an unprecedented 1,07,449 homes were demolished in 2023 leading to the forced eviction of at least 5 15 752 people marking the highest recorded annual figure in the last seven years This surge in evictions the highest since HLRN began its documentation in 2017, spans across 23 states and four Union Territories in India Major cities and smaller urban centers alike have witnessed large-scale demolitions Delhi witnessed the most incidents of evictions with approximately 2 8 lakh people evicted in 2023 Court orders played a significant role resulting in the eviction of over 2 9 lakh persons in both years The report highlights the acute vulnerability of marginalized groups, with Muslims, in particular, being the most affected in almost half of the documented eviction instances Rehabilitation was lacking in most cases, and state authorities often failed to comply with due process requirements leading to multiple human rights violations As a result approximately 17 million people across India continue to live under the threat of eviction and displacement for various reasons
Forced evictions displace over 5 lakh in India in 2023, Muslims hardest hit: Repor t
China urges US to stop using Philippines as ‘pawn’ in South China Sea

Shell Pak istan announces financial results for 2023

Revolutionizing Safet y: inDrive and EFU Life par tner to launch 'In-Ride

Islamabad Marriott Hotel Launches 'Kiku': A G ateway to Authentic Japanese Cuisine

ISLAMABAD

s ta f f r e p o r t

The Islamabad Marriott Hotel has announced the grand opening of Kiku an elegant new addition to Islamabad s culinary scene The inauguration ceremony was attended by the Ambassador of Japan, H E Mr WADA Mitsuhiro who expressed his delight and endorsement of Kiku as the only authentic Japanese restaurant in Islamabad The restaurant s name, Kiku, translates to 'chrysanthemum' in Japanese, a symbol of rejuvenation and nobility, reflecting the restaurant's commit-

ment to providing guests with an authentic and exquisite dining experience The restaurant offers a meticulously curated menu of contemporary Japanese cuisine prepared by highly skilled chefs who have mastered the art of Japanese culinary arts There is also a live sushi bar, teppanyaki and Robatayaki stations complemented by vibrant music played by a DJ Kiku's interior has been designed to transport diners to Japan with a serene and elegant ambiance that combines traditional and modern design elements The opening of Kiku marks a significant mile-

Philip Morris International receives 4th consecutive CDP ‘Triple-A’ rating for climate, forest , and water

07 nEwS Thursday 7 March 2024 | K AR ACHI CORPORATE CORNER KARACHI s ta f f r e p o r t The Board of Directors of Shell Pakistan Limited (SPL) announced the company s financial results for the year ended December 31st, 2023 The company posted a profit after tax of PKR 5 8 billion for 2023 compared to the loss of PKR 72 million in 2022 I n O c t o b e r 2 0 2 3 S h e l l P e t r o l e u m C o m p a n y Limited a subsidiary of Shell plc (Shell) signed an a g r e e m e n t t o s e l l i t s 7 7 4 2 % m a j o r i t y i n t e r e s t i n Shell Pakistan Limited (SPL) to Wafi Energy LLC The completion of the transaction is subject to requisite regulatory approvals, completion of legal req u i r e m e n t s a n d s a t i s f a c t i o n o f o t h e r c l o s i n g formalities SPL acknowledges and welcomes the Government s recent decision to increase industry margins and take robust measures to combat black market activities, which are aimed at stabilizing the currency The Mobility business continues to provide bestin-class customer value proposition for customers across the country with the introduction of 27 new sites and modernizing of its existing network while promoting safe refueling easy payment solutions and introducing customer-centric programs Shell Lubricants continues to maintain market share despite industry challenges Shell Tameer plays a keen role in upskilling and recognizing young entrepreneurs Learning sessions were organized across Pakistan engaging universities and incubation centers training over 700 individuals which included 560 startups Shell Tameer also celebrated the 10th Tameer Awards, which had more than 400 applications, out of which 6 winners and 6 runners-up were announced
PR OFIT N e w s D e s k
HE trade deficit in Pakistan’s services sector widens as exports have experienced a third continuous monthly decline on an annual basis, data released by the Pakistan Bureau of Statistics (PBS) shows Services sector exports dropped by 7 25% to $677 9 million in January 2024 compared to $739 09 million in January 2023 However there is a silver lining as exports of goods witnessed an uptick in December and January following a prolonged decline in the current fiscal year During the first seven months of fiscal year 2024 (July to January) services exports reached $4 044 billion marking a slight decrease compared to $4 055 billion during the same period last year Despite the decline in dollar terms, there has been a notable improvement of 24 23% in rupee terms, with services exports reaching Rs 1 27 trillion On the other hand services imports surged by 53% to $99 5 million in January, up from $64 99 million in the same month last year Total services imports reached $1 016 billion during the first seven months of the fiscal year compared to $4 079 billion during the same period last year The widening trade deficit in services is a cause for concern, expanding by 641 56% to $1 072 billion between July and January, compared to $231 9 million during the same period last year Mashreq Global Network earns top honours at GDEIB 2024 KARACHI s ta f f r e p o r t Pakistan, 06th March 2024: Mashreq Global Network (MGN) Pakistan, an innovation-led global excellence arm of Mashreq, has been awarded the highest-level recognition of ‘Best Practices’ in the categories of Recruitment and Work-Life Integration Flexibility and Benefits categories at the Global Diversity Equity & Inclusion Benchmarks (GDEIB) Awards 2024 The GDEIB awards hosted by HR Metrics recognise and encourage progressive organizations which use global DEI standards for sustainable financial, human resource and social performance PA K I S TA N ’ S S E R V I C E S E X P O R T S D E C L I N E F O R T H I R D C O N S E C U T I V E M O N T H KARACHI s ta f f r e p o r t Experts highlighted the critical importance of insurance for the sustainable development of multiple energy resources including power oil and gas aimed at promoting investment opportunities innovations and efficiencies within the sector in Pakistan Speaking at the Energy Summit here in Karachi, Chairman Lockton MENA Ata Khatib said the energy sector is transforming globally through innovation and technology to address the requirements of economies keeping in view the overriding challenge of global warming and climate change He said the insurance of the energy sector, including power plants and refineries, is indispensable in compliance with international standards, giving confidence to foreign investors in the Pakistani market on a long-term basis LAHORE s ta f f r e p o r t Nestlé Pakistan has been honored with two consecutive top recognitions by the Employers Federation of Pakistan (EFP) and HR Metrics for its unwavering commitment to fostering an inclusive culture in a country where gender gap remains significant and female representation in the workforce is low Nestlé Pakistan was the recipient of EFP s Women Empowerment and Gender Equality Diamond Award 2024 while winning the HR Metrics Global Diversity Equity & Inclusion Benchmarks (GDEIB) Awards 2024 in the 15 categories with Best Practice Nestlé was also among the top three companies to win the ‘Most Inclusive Organization’ Award in Pakistan at GDEIB
Summit: Insurance promotes investment in energy sec tor Nestlé Pakistan wins big at EFP women empowerment, GDEIB gender diversity awards ZTBL and LIMS sign MoU for digital agri ser vices ISLAMABAD s ta f f r e p o r t The Zarai Taraqiati Bank Limited (ZTBL) and Land Information Management System (LIMS) on Wednesday joined hands for digitization of agricultural services that will empower farmers get detailed and up-to-date information on agriculture pertaining to their respective lands The MoU was signed between President/CEO ZTBL Mr Tahir Yaqoob Bhatti and Director General Strategic Projects Maj Gen Shahid Nazir in a ceremony held here at LIMS headquarters Through LIMS s Portal ZTBL s mobile credit officer (MCO) customers and farmers will gain access to valuable services including climate change information, satellite crop monitoring, water irrigation details, fertilizer requirements spray focus areas direct access to markets land condition and soil conditions of land with a history spanning over 10 years The MoU is the first of its kind in country aimed at strengthening growers particularly subsistence farmers to switch to modern and scientific farming besides getting latest and accurate information which will eventually contribute to country’s economy
T
Energy
Insurance
KARACHI s ta f f r e p o r t inDrive, a prominent ride-hailing service provider, has proudly partnered with EFU Life to introduce the revolutionary “In-Ride Insurance Coverage’’ for both its drivers and passengers This strategic alliance aims to provide esteemed inDrive customers and dedicated drivers with an enhanced sense of security and reliability during their transportation journeys EFU Life's comprehensive coverage includes protection for various unexpected situations such as accidental death permanent total disability resulting from accidents reimbursement for accidental medical expenses funeral coverage ambulance costs related to accidents and a complementary mHealth facility Additionally, the plan features a daily payment benefit specifically designed for drivers, ensuring the well-being of both passengers and drivers Mr Mohammed Ali Ahmed MD & CEO of EFU Life commented “I am delighted about our collaboration with inDrive which signifies a substantial stride in fortifying safety standards
Cover’
KARACHI s ta f f r e p o r t Philip Morris International (“PMI” or “Company”), the parent company of Philip Morris (Pakistan) Limited, proudly announces its receipt of a “triple-A” rating from Carbon Disclosure Project ( CDP ) for the fourth consecutive year for its disclosure on climate change forest and water security The Carbon Disclosure Project (CDP) is a not-for-profit organization that runs a global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts This recognition places PMI among the world’s leading companies in climate change forest conservation and water security Bank AL Habib declares 50% final cash dividend KARACHI s ta f f r e p o r t The Annual General Meeting of Bank AL Habib Limited was held at Bank s premises located at 128-C, Old Bahawalpur Road, Multan on March 06 2024 The shareholders approved the Annual Accounts for the year ended December 31 2023 along with payment of 50% final cash Dividend This final Dividend is in addition to 90% Interim Cash Dividends paid earlier, thus, making a total of 140% i e , Rs 14 00 per share One day training activit y on open journal management system for sindh KARACHI s ta f f r e p o e r t Pakistan Scientific and Technological Information Centre (PASTIC) is a premier organization for Collection and Dissemination of Scientific & Technological Information to cater to the information needs of the scientific community at National Level Consortium launching and awareness activity of PASTIC Project title National Digital Archive of Research Published in Pakistani Journals for Journals publisher s community of Sindh region was previously organized on January 08, 2022 at Mövenpick Hotel, Karachi Project is aimed to provide a single electronic-platform to Journals publisher ’s community for preservation and dissemination of research published in indigenous research Journals As per scope of the project one day training activity has been scheduled on the topic of Open Journal Management System (OJS) on 7th March 2024 at University of Karachi Training will empower the Journal Publishers community of Sindh region with modern Journal publishing tools and techniques Mr Saifullah Azim Project Manager from PASTIC will briefly present the project s current achievements and ongoing plans Dr Adnan Amin (with highest distinction), Faculty member, IM Sciences Peshawar will be the resource person of the training activity T R A D E D E F I C I T I N S E R V I C E S S E C TO R E X PA N D S B Y 641% TO $1 072 B I N S E V E N M O N T H S IIUI’S Green Youth movement gym club executive body meets British Council, HEC officials Islamabad: A meeting of the team of officials of the British Council Reach out to Asia (ROTA) and Higher Education Commission with Executive body members of the cabinet of Green Youth Movement Gym Club of International Islamic University (IIU) was held here at the council hall of the new campus on Wednesday The meeting was chaired by Vice President Research and Enterprise Prof Dr Ahmed Shuja Syed as well Dean Faculty of Sciences Prof Dr Irfan Khan Incharge female campus Dr Summiyya Chughtai and Focal persons of initiative Dr Hafiz Muhammad Naseer and Dr Sarah Amir were also present The executive body presented the 2 years progress report through a presentation Gym Captain Kainat Bangash gave a detailed presentation about the activities thematic approaches contributions achievements success stories and way forward She apprised that according to HEC guidelines the club is continuing its activities and in the present year it is focusing on Agriculture and forestry, and liquid and solid waste s ta f f r e p o e r t 26th Convocation of Bahria Universit y H-11 campus Islamabad held ISLAMABAD: Bahria University marked a significant milestone in its academic journey with the grand celebration of its 26th Convocation on Wednesday March 6 2024 in their newly built state of the art H-11 Campus The ceremony was honored by the esteemed presence of Dr, Mukhtar Ahmad, Chairman of the Higher Education Commission (HEC), who graced the occasion as the Chief Guest In welcome address, Vice Admiral (R) Asif Khaliq HI(M) the Rector of Bahria University congratulated the students for their diligent and commendable performance and acknowledged that this achievement stands as a testament to the hard work of students s ta f f r e p o e r t Jaz z and Tech Valley join forces to empower young minds with 'Digital Safar' Program ISLAMABAD s ta f f r e p o r t Jazz, Pakistan s leading digital operator, has partnered with Tech Valley, a Google for Education partner, to introduce the ‘Digital Safar ’ program to schools across Pakistan to equip more than 300,000 students with foundational coding skills and essential internet safety practices preparing them for the opportunities and challenges of the digital landscape Leveraging the strengths of two of Google s flagship programs –'Google CS First and 'Be Internet Awesome' – the Digital Safar program provides an extensive curriculum encompassing coding, computational thinking, digital citizenship and equally importantly online safety Utilizing interactive online modules and hands-on activities the program ensures accessibility and engagement for students aged 8-14 years from diverse backgrounds Commenting on the partnership, Syed Fakhar Ahmed, Chief Corporate & Regulatory Affairs Officer at Jazz, said, "At Jazz, we believe that access to quality digital education and online safety are fundamental rights for every child regardless of their background or circumstances This collaboration with Tech Valley exemplifies our commitment to empowering Pakistan s youth with the digital knowledge and skills they need to create the Digital Pakistan that we envision National Ranking Tennis Tournament being played at POF Complex The tournament is being organized under the auspices of POF Sports Control Board and Pakistan Tennis Federation Top ranking male/female players are participating in contests during the tournament On the second day of the tournament in Men’s Single Category Hamza Roman beat Mudasir Murtaza with 6-1 6-3 M Shoaib beat Sheryar Anees with 6-2 6-1 Muzamil Murtaza defeated Asad Zaman with 6-0 6-0 Aqeel Khan beat Israr Gul with 6-1, 6-2, Hamid Israr defeated M Haziq Aasim with 6-2, 6-1, M Abid wins over M Talha Khan with 6-
stone in the city s dining landscape promising an unforgettable journey into the heart of Japanese culture and cuisine Mr David Richard O'Hanlon the General Manager of the Islamabad Marriott Hotel said: Kiku is more than just a restaurant; it s an invitation to explore and appreciate the rich culinary traditions of Japan "

Fe d F o r m s - 4 5 f o r s e v e r a l c o n s t i t u e n c i e s b u t l a t e r w i t h d r e w t h e m from their website According to Jhagra, all Forms-45s were

forcibly altered, purportedly due to the overwhelming number of votes in favour of PTI He argued that this manipulation rendered it virtually impossible for opponents to secure victory without resorting to tampering Furthermore, Jhagra asserted that the ECP subsequently uploaded these tampered Forms-45s on their website, suggesting potential electoral malpractice Highlighting irregularities across Balochistan Sindh and other provinces Jhagra pointed out instances where numbers were allegedly changed through dubious means He raised concerns about the legitimacy of certain polling stations, where the number of votes reportedly exceeded the actual number of voters present Additionally he criticised the inadequate documentation of some Forms-45s

Barrister Gohar Ali Khan, echoing Jhagra’s sentiments declared their intention to approach the high courts in Sindh and Peshawar regarding reserved seats He ex-

COAS Asim Munir calls on PM Shehbaz; discusses securit y situation

Cour t defers indictment of Per vaiz Elahi, others in illegal appointments case

Journalist Toor ’s remand extended in ‘social media c ampaign’ against judiciar y

ISLAMABAD

S ta f f R e p o R t

The court of a Judicial Magistrate in the federal court on Wednesday extended for two more days the physical remand of journalist Asad Ali Toor in a case of smear campaign on social media against the judges of the superior judiciary

The FIA produced Asad Ali Toor in the court of Judicial Magistrate Mohammad Shabbir and requested an extension in the journalist s remand

First tell us what did you do in the last eight days? the judge asked, to which the agency s lawyer said substantial progress had been made in the case He added that the FIA was allowed to take physical remand for up to 30 days as per the law

Meanwhile Toor s counsel

Hadi Ali stated that the prosecution should convince the court why an extension was needed, saying the evidence presented “did not substantiate” the charges against his client

Ali further argued that Toor had accepted he was operating his YouTube and Twitter accounts and the FIA should present evidence that Toor ’s comments were the cause of something “Asad Toor should be discharged from the case the lawyer demanded

After hearing the arguments the court extended the journalist s physical remand for two days

It is to be noted that in January, the caretaker government had formed a five-member joint investi-

gation team (JIT) to “ascertain facts behind a malicious social media campaign against the judiciary in the aftermath of the Supreme Court s decision to deprive PTI of its iconic ‘bat’ symbol

On February 23, Toor was interrogated for nearly eight hours by officials of the Federal Investigation Agency (FIA) on the same matter

The interrogation had taken place despite the attorney general for Pakistan assuring the apex court last month that the FIA would not take action before the general election on the notices sent to journalists The apex court had adjourned the hearing in the case till the first week of March

Toor was subsequently arrested on Feb 26 and presented in court a day later, where the FIA was granted a five-day remand of the journalist HUNGER STRIKE

Last week Toor s counsel said the journalist had gone on a hunger strike in FIA custody, and warned that his health condition was deteriorating In a post on social media platform X Advocate Imaan Zainab Mazari had said: Asad s mother his lawyers and his friends are extremely worried about his deteriorating health on hunger strike

When we asked Asad the reason for his hunger strike, he said, I am the voice of the voiceless so now they are muzzling my voice I protest this action

According to the first information report, Toor was booked under Sections 9, 10 and 24 of the Prevention of Electronic Crimes Act

(Peca)

The sections deal with the offences of glorification of an offence cyber terrorism and cyberstalking

According to the FIR, Toor “built a false narrative” and publicly launched a “malicious/obnoxious and explicit campaign” against civil servants/government officials and state institutions Ali further argued that Toor had accepted he was operating his YouTube and Twitter accounts and the FIA should present evidence that Toor ’s comments were the cause of something Asad Toor should be discharged from the case the lawyer demanded After hearing the arguments, the court extended the journalist’s physical remand for two days It is to be noted that in January the caretaker government had formed a five-member joint investigation team (JIT) to ascertain facts behind a malicious social media campaign against the judiciary in the aftermath of the Supreme Court’s decision to deprive PTI of its iconic ‘bat’ symbol

On February 23 Toor was interrogated for nearly eight hours by officials of the Federal Investigation Agency (FIA) on the same matter The interrogation had taken place despite the attorney general for Pakistan assuring the apex court last month that the FIA would not take action before the general election on the notices sent to journalists The apex court had adjourned the hearing in the case till the first week of March

Punjab, KP cabinets sworn in

PESHEWAR/LAHORE

S ta f f R e p o R t

Newly elected members of the Punjab and Khyber Pakhtunkhwa cabinets were sworn in on Wednesday In Lahore Punjab Governor Balighur Rehman administered oath to the 18-member cabinet of Chief Minister Maryam Nawaz The ceremony held at the Governor House, was attended by Maryam, Punjab Assembly

Speaker Malik Muhammad Khan and provincial police chief Usman Anwar among others The cabinet members who were sworn in included Marriyum Aurangzeb Syed Muhammad Ashiq Hussain Shah Muhammad Kazim Pirzada Rana Sikandar Hayat Khawaja Imran Nazeer Khawaja Salman Rafique Zeeshan Rafique, Bilal Akbar Khan, Sohaib Ahmed Malik, Azma Zahid Bukhari, Bilal Yasin, Ramesh Sindh Arora, Khalil Tahir, Faisal Ayub, Shafay Hussain, Sher Ali Gorchani, Sohail Shoukat Butt and Mujtaba Shujaur Rehman According to the state-run Associated Press of Pakistan portfolios to the ministers were likely to be notified later today Talking to journalists after the oath-taking ceremony CM Maryam congratulated and lauded the newly appointed members Young and very talented people have been inducted in the cabinet,” she said Earlier, a PML-N source revealed that Azma Bokhari was being given the portfolio of information ministry while Marriyum who has been brought to Punjab from the centre to assist the CM would also get an important ministry Both were inducted into the assembly on reserved seats for women In KP, the provincial cabinet comprising 15 ministers and five advisors was administered oath by Governor Haji Ghulam Ali During the oath-taking ceremony held at the Governor House in Peshawar the newly elected cabinet members chanted slogans in favour of PTI founder Imran Khan and also carried a frame featuring his photograph The ministers sworn in included Arshad Ayub Khan, Shakeel Ahmad, Fazal Hakim Khan, Muhammad Adnan Qadri, Aqibullah Khan, Muhammad Sajjad, Meena Khan, Fazal Shakoor, Nazir Ahmad Abbasi, Pakhtoon Yar Khan, Aftab Alam Khan Afridi Khaleequr Rehman Syed Qasim Ali Shah Faisal Khan Tarakai and Muhammad Zahir Shah

PM distributes huge compensation pack age among recent rains vic tims

pRayeR timingS FA J R S U N R I S E Z U H R A S R M AG H R I B S H A 5 : 5 5 6 4 0 1 : 3 0 5 : 1 5 6 : 2 5 8 : 0 0 Thursday 7 March 2024 NEWS 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 ISLAMABAD S ta f f R e p o R t
ORMER KP finance minister and prominent figure in Pakistan Tehreek-e-Insaf (PTI), Taimur Jhagra on Wednesday made accusations against the Election Commission of Pakistan (ECP) alleging tampering with Forms-45s in numerous constituencies A d d r e s s i n g t h e m e d i a o u t s i d e Rawalpindi s Adiala Jail, Jhagra, accompanied by PTI Chairman Barrister Gohar A l i K h a n a n d p a r t y l e a d e r B a r r i s t e r Salman Akram Raja claimed that the ECP i n i t i a l l y r e l e a s
pressed confidence in the judiciary s ability to adjudicate impartially in accordance with the Constitution and the law Reaffirming PTI’s position, Barrister Gohar maintained that they had secured victory in 180 seats in the National Assembly and had provided all necessary evidence to support their claim PTI s Marwat calls for protests against political victimisation, theft of mandate PTI leader Sher Afzal Marwat has called on the nation to come out on Sunday and protest against the detention of party founder Imran Khan imprisonment of political prisoners and the theft of people s mandate In a post on X, Marwat said Imran was being denied basic medical facilities and was suffering from an eye infection and severe dental pain “This barbarity must stop and Khan sahib should be given immediate medical treatment he said Pakistanis do not desert Khan sahib or give up on him you will [be] plunging your entire next generations into darkness, Marwat stated “You must understand your strength and it is simply your large number and courage if you all come out together no one can hurt you or stop you from achieving anything! he added E C P U P LO A D E D ‘ TA M P E R E D ’ F O R M S - 4 5 O N I T S W E B S I T E : P T I ISLAMABAD S ta f f R e p o R t Chief of Army Staff (COAS) Gen Asim Munir on Wednesday called on Prime Minister Shehbaz Sharif to discuss the issues related to the security situation The meeting held on Wednesday was the first between the two since Shehbaz assumed the office for second term said a statement by the Prime Minister s Office (PMO) The COAS felicitated Shehbaz Sharif and extended good wishes for him on assuming office of the Prime Minister “Important matters including national security were discussed in the meeting according to the PMO They also discussed issues concerning the operational affairs of the Pakistan Army and the defence situation added the PMO statement Later the prime minister left for Peshawar where he is scheduled to hold an important meeting with Khyber Pakhtunkhwa Governor Haji Ghulam Ali During the visit, he will meet the rain and snowfall affected people of Khyber Pakhtunkhwa and distribute cheques among them On Tuesday the PM met a Zardari-led delegation of the PPP with party chairperson Bilawal Bhutto Zardari in attendance The PMO said the former president assured PM Shehbaz on the PPP s support for the new government and its efforts towards economic stability, development, and prosperity of the country On Sunday Shehbaz Sharif was elected as Pakistan s 24th prime minister after securing 201 votes against his Sunni Ittehad Council’s (SIC) opponent Omar Ayub Khan who secured 92 votes He was jointly backed by the Pakistan People s Party (PPP) Muttahida Qaumi Movement-Pakistan and Istehkam-ePakistan Party (IPP) Shahbaz took the oath of office on Monday at a simple but impressive ceremony at the Aiwan-e-Sadr attended by the services chiefs government functionaries and senior politicians from the ruling coalition parties and other dignities
LAHORE S ta f f R e p o R t An Anti-Corruption Court on Wednesday deferred the indictment of former chief minister and PTI President Pervaiz Elahi and others in the illegal appointments case The Punjab Anti-Corruption Establishment (ACE) has arrested Pervaiz Elahi on charges of making illegal appointments in the Punjab Assembly, including appointing Muhammad Khan Bhatti as his principal secretary during his tenure as the chief minister PTI President Pervaiz Elahi and others marked their attendance in the Anti-Corruption Court As proceedings began, the defense counsel requested the court to not indict their clients in the case of the illegal appointment, elaborating that arguments on the indictment should be resume after the lawyers study the record Granting the request the court deferred the indictment of Ch Pervaiz Elahi and other accused and adjourned the hearing till March 11 It is pertinent to mention here that PTI s Chaudhry Pervaiz Elahi was re-arrested, minutes after he was discharged by a court in two corruption cases The ACE spokesperson said Ch Pervaiz Elahi was re-arrested in a case pertaining to illegal appointments in the Punjab Assembly “Pervaiz Elahi made 12 illegal appointments of grade 17 officers in the Punjab Assembly the spokesperson claimed Failed candidates were given jobs by manipulating records in the Punjab Assembly he said adding: Fake testing services were used to benefit corrupt officials during the recruitment process PESHAWAR S ta f f R e p o R t Prime Minister Muhammad Shehbaz Sharif here on Wednesday distributed a huge compensation financial package among victims of the recent torrential rains and flooding of Khyber Pakthunkhwa He on behalf of the Federal Government distributed Rs 2 million cheque among heirs of each deceased and Rs 500 000 among each injured of the recent torrential rains and floods in different districts of the province including merged tribal districts The prime minister handed over the compensation cheques during a function held here at Governor House It was the first visit of the Prime Minister Muhammad Shehbaz Sharif to Khyber Pakthunkhwa after assuming the office of the Prime Minister of Pakistan Besides others, Khyber Pakthunkhwa Governor Haji Ghulam Ali Members National Assembly Khwaja Muhammad Asif Engr Amir Muqam, Sardar Muhammad Yousaf, Murtaza Javed Abbasi, Attaullah Tarar PML-N Leader Ishaq Dar former Governor KP Engr Iqbal Zafar Jhagra senators members provincial assemblies Chairman NDMA Lt Gen Inam Haider Malik IGP KP Akhtar Hayat Gandapur and relatives of the rains victims were present on the occasion A total of 40 people including 27 children died and 62 injured during recent torrential rains and floods in Khyber Pakthukhwa The prime minister directed t h e a u t h o ri t i e s c o n c e r n e d a n d r e l e v a n t d e p a r t m e n t s to complete estimates of all destroyed and p a r t i a l l y d a m a g e d h o u s e s w i t h i n f i v e d a y s a n d t o c o m p l e t e t h e p r o c e s s o f d i sb u r s e m e n t o f c o m p e n s a t i o n p a y m e n t b y M a r c h 11 H e d i r e c t e d t h e N D M A a n d o t h e r r e le v a n t d e p a r t m e n t s t o u s e h e l i c o p t e r s f ac i l i t y f o r t r a n s p o r t a t i o n o f o ff i c i a l s t o ensure speedy compilation of estimates of a l l t h e d e s t r o y e d a n d p a r t i a l l y d a m a g e d h o u s e s i n f a r f l u n g d i s t r i c t s o f K h y b e r P a k t h u n k h w a s o t h a t t h e p r o c e s s o f c o mp e n s a t i o n p a c k a g e c o u l d b e c o m p l e t e d w i t h i n s a i d p e r i o d The prime minister said that delay in this regard would be unacceptable and officials failed to achieve their targets would be held accountable Shehbaz Sharif announced that Rs 700 000 would be provided for repair of each destroyed house and Rs 300 000 for each partially damaged house The financial compensation was not an alternative of a human life but a token of economic relief to their families to live with dignity in the society, he added He said the Holy Quran and Sunnah of the Holy Prophet (PBUH) had also laid great emphasis on observance of patience during difficult situation The prime minister said that he also visited rain hit areas of Balochistan the other day and expressed solidarity with the victims’ families He said KP was the most rains and flood affected province in terms of human lives reported last month followed by Balochistan and Azad Kashmir and all necessary resources would be utilized by the federal government to help the victims families in this hour of difficulty The prime minister highly appreciated the performance of NDMA PDMA Police and District Administrations of KP in relief and rescue efforts during recent torrential rains and assured that federal government organizations including NDMA would provide all possible assistance and support to the affected people of KP till their complete rehabilitation Shehbaz Sharif said that he came here to express solidarity and sympathies with the rains victims of Khyber Pakthunkhwa and assured every possible assistance and support to them He said that Pakistan was among the seven countries vulnerable to climate change and the 2022 year devastated flood was a clear testimony of it The prime minister said that time had come to make inclusive strategy to counter climate change otherwise the upcoming generation would not pardon us He said that there should be complete structure mechanism with NDMA and PDMAs of all provinces for speedy humanitarians assistance to people in cases of natural calamities like 2022 floods and underlined the need for effective coordination among PDMAs and NDMAs of all provinces in that regard The prime minister said that billions of rupees package were distributed among flood victims of 2022 besides he personally supervised relief and rescue operations in all provinces including Sindh Balcohistan Punjab and Khyber Pakthunkhwa during that period Shehbaz Sharif also met with the rains affected people and children with affection and inquired about their problems The prime minister and others also offered Fateha for departed souls of the victims and special prayers for speedy recovery of the injured Earlier, upon arrival, the prime minister was received by KP Governor Haji Ghulam Ali Later the Governor called on the prime minister and exchanged views on overall situation including economic affairs Hassan and Hussain Nawaz to return on March 12, law yer tells cour t LAHORE S ta f f R e p o R t Hassan Nawaz and Hussain Nawaz are set to return to Pakistan on March 12 their lawyer told a court on Wednesday Accountability judge Nasir Javed Rana was hearing an appeal filed by the brothers for suspension of their perpetual warrant in the Avenfield reference on Wednesday Qazi Misbah ul Hassan, who represented Hassan and Hussain, told the court that the brothers have been exonerated in the Al-Azizia reference while the Flagship reference was withdrawn by the National Accountability Bureau against them The lawyer added that Hassan and Hussain are planning to return to the country on March 12 so their warrants should be suspended The judge issued notices to the investigation officer and adjourned the case until Thursday Hassan and Hussain, sons of former Prime Minister Nawaz Sharif have been in exile for years since being implicated in corruption cases in 2017

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.