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Muhammad Shirin Akhund received Pakistan s Chargé d Affaires (Cd A) and head of mission in Kabul, Ubaid ur Rehman Nizamani, in Kandahar the spiritual centre of the Afghan Taliban on Monday

The Pakistani envoy travelled to Kandahar to meet with Mullah Shirin a close confidant of the Taliban supreme leader, amid a tense relationship between the two uneasy neighbours

The senior Afghan Taliban leader had expressed the hope that Pakistan’s new government would have cordial relations with Kabul

We discussed matters of common interest and agreed to advance Pakistan-Afghanistan relations in all mutually beneficial areas, Ambassador Nizamani had told media Last week, Pakistan’s Ambassador to the UN, Munir Akram had asked the United Nations Security Council to urge the Taliban rulers in Afghanistan to terminate their relationship with the banned militant Tehreek-i-Taliban Pakistan group At the same time, Ambassador Akram had said that the international community must help millions of destitute Afghans “through the provision of unconditional humanitarian assistance”

Saudi Crown Prince felicitates PM Shehbaz

Lt- Colonel, Captain among seven jawans embrace mar tyrdom in Mir Ali attack

RAWALPINDI S TA F F R E P O R T

A lieutenant colonel and captain were among seven soldiers martyred in a terrorist attack in North Waziristan s Mir Ali, the Inter-Services Public Relations (ISPR) stated on Saturday At least six terrorists were also killed in the attack As per the ISPR troops foiled the initial attempt of intrusion into the army installation in the wee hours of the day however a group of six terrorists rammed an explosivesladen vehicle into it later carrying out multiple suicide bombings The attacks led to the collapse of a portion of a building, resulting in the martyrdom of five brave soldiers The martyred soldiers included Havildar Sabir a resident

D ay after meeting PM, US ambassador c alls on NA S peaker

gaged and gunned down all the six terrorists However 39-yearold Lt Col Ali a resident of Karachi and 23-year-old Captain Muhammad Ahmed Badar, a resident of Talagang, embraced martyrdom

The ISPR reported that the troops were engaged in a “sanitization operation to eliminate any other terrorists present in the area

The security forces of Pakistan are determined to

ISLAMABAD STAFF REPORT

US Ambassador to Pakistan Donald Blome called on National Assembly Speaker Ayaz Sadiq on Saturday at the Parliament House The discussion focused on bilateral relations and other matters of mutual interest Blome congratulated Ayaz on his appointment as speaker and expressed his best wishes

Yesterday, US Ambassador Donald Blome met with Prime Minister Shehbaz Sharif to discuss a broad range of bilateral issues express US support for Pakistan s democracy and the key role of an independent press In a statement issued here Acting US Mission Spokesperson Thomas Montgomery said that Blome and Shehbaz discussed various issues including partnering with the government of Pakistan on regional security US support for continued economic reforms with and through the IMF, trade and investment, education, climate change, and private sector-led economic growth During meeting at Parliament House NA Speaker Ayaz Sadiq said Pakistan gives great importance to the longstanding friendly relations with the United States The two acknowledged the need to further promote parliamentary relations between both countries and that these terms play a crucial role in promoting public relations The US envoy reiterated America’s commitment to continue its support for the strengthening of the democratic process in Pakistan

In par tnership with Profit S u n d a y, 1 7 M a r c h , 2 0 2 4 I 6 Ra m a z a n , 1 4 4 5 R s 2 0 0 0 | Vo l X I V N o 2 5 9 I 8 Pa g e s I I s l a m a b a d E d i t i o n FM DAR, MUTTAQI AGREE TO FOSTER FRATERNAL TIES BET WEEN PAKISTAN, AFGHANISTAN PR OFIT M A R I A M U M A R FA R O O Q The policy rate debate has again intensified in the business and economic circles of the country as the State Bank of Pakistan (SBP) is set to meet for the second monetary policy meeting of the calendar year 2024 on Monday March 18 2024 The SBP raised the policy rate to 22% in an emergency meeting back in June 2023 in a knee-jerk reaction to prevent a sovereign default by securing a short-term International Monetary Fund (IMF) agreement Since then SBP has maintained the policy rate at 22% In January the SBP held on to the current rate due to augmented inflation expectations driven by high energy prices However, non-energy inflation continued to decrease Yet the SBP governor reaffirmed that the real interest rate remained significantly positive on a 12-month forwardlooking basis given the anticipation of a continued downward trajectory in inflation Simultaneously, the SBP raised the average inflation forecast for the fiscal year 2024 to 23%-25% from the previous projection of 20%-22% due to the impact of energy prices Now these conflicting trends have had analysts divided on whether the central bank will opt for a rate cut or not with the majority believing that SBP will once again maintain the status quo Reason in favour of rate cut “Headline inflation has begun to taper off primarily due to the high base effect alongside a month-on-month decline in food basket prices and a stable domestic currency g PROFIT PRESENTS BOTH ARGUMENTS FOR AND AGAINST A RATE CUT
set to
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lurking,
MPC
meet on Monday.
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will SBP fall to temptation of a rate cut?
ISLAMABAD S TA F F R E P O R T Prime Minister Muhammad Shehbaz Sharif received a congratulatory telephone call from His Royal Highness Prince Mohammed bin Salman bin Abdul Aziz Al Saud Crown Prince and Prime Minister of the Kingdom of Saudi Arabia earlier Saturday The Crown Prince congratulated the Prime Minister on his re-election The Prime Minister thanked His Royal Highness for the telephone call as well as the warm message of greetings he had sent immediately after the Prime Minister had assumed office The Prime Minister also conveyed his sincerest wishes and prayers for the health and well-being of the Custodian of the Two Holy Mosques His Majesty King Salman bin Abdul Aziz He said the people of Pakistan had great love and respect for His Majesty as well as the Crown Prince He also wished a blessed month of Ramadan to the Saudi leadership as well as the Saudi people and prayed that this holy month would bring peace and prosperity to Muslims all over the world The Prime Minister said Pakistan was proud of its historic, deep-rooted and fraternal ties with Saudi Arabia and the two countries had always stood together through thick and thin He lauded Saudi Arabia for its unwavering commitment and support to Pakistan The Prime Minister reiterated his invitation to the Crown Prince to undertake an official visit to Pakistan at his earliest convenience and said the people of Pakistan were waiting to accord a very warm welcome to His Royal Highness The Crown Prince thanked the Prime Minister for his kind sentiments He said both countries enjoyed close brotherly relations and reaffirmed Saudi Arabia s support for Pakistan g B OT H S I D E S E M P H A S I S E B R I N G I N G FA C I L I T I E S F O R C O M M E R C I A L T R A F F I C O N B O R D E R C O N T I N U E D O N PA G E 03 ISLAMABAD S TA F F R E P O R T
O R E I G N Minister Ishaq Dar and Afghanistan’s Interim Foreign Minister Amir Khan Muttaqi on Saturday agreed to continue working together in building on fraternal bilateral relations Expanding cooperation in connectivity, trade, security, counter-terrorism and people-topeople contacts is a top priority for Pakistan,” the foreign minister posted on X after he received a congratulatory call from the Afghan minister A statement posted on X by the deputy spokesperson at the Afghan foreign ministry Hafiz Zia Ahmad, said FM Muttaqi hoped that Dar s assumption of office would have a positive and constructive role in strengthening the relations” between the two neighbouring countries “The region is increasing its positive interactions day by day and the practical work of major infrastructure projects is starting at the regional level and we are expecting to take a constructive part in Pakistan, the statement quoted the Afghan foreign minister as saying He also invited Dar to visit Afghanistan The statement said that both sides emphasised bringing facilities for passengers patients and commercial traffic on the Pak Afghan border and eliminating existing problems The past week Kandahar Governor Mullah
F
of district Khyber; Naik Khurshid, a resident of district Lakki Marwat; Sepoy Nasir a resident of Peshawar; Sepoy Raja a resident of Kohat; and Sepoy Saj- jad, a resident of Abbotabad During the ensuing clearance operation the Pak army troops led by Lieutenant Colonel Syed Kashif Ali en-
wipe out the menace of terrorism from the country and such sacrifices of our brave soldiers further strengthen our resolve the authority noted in its statement The funeral prayers for the martyrs took place in Bannu Cantt later in the evening According to the ISPR, the martyrs will receive full military honours during their burial in their respective native towns
PR OFIT A H M A D A H M A D A N I The federal government has acquired over 2500 acres of land in Muzaffargarh with the purpose of constructing a 600 MW solar power plant that was initiated by Prime Minister Shehbaz Sharif during his last term in office The plan for the 600-megawatt project was made by the previous Shehbaz Sharif administration as part of a larger effort to produce up to 6,000 MW of energy through solar power But in the months since the government has failed to receive any bids for the project up until January 2024 when it made its fifth attempt to find a bidder This ambitious project was supposed to be the first of its kind in the country a landmark achievement in the acquisition of renewable energy through international competitive bidding (ICB) The project was aligned with the long-term Indicative Generation Capacity Expansion Plan (IGCEP) roadmap for the future of energy in Pakistan The government had tried everything in its power to attract potential bidders from multiple rounds of bidding to revisions in incentives, all under the already approved Framework Guidelines for Fast-Track Solar PV Initiatives 2022 The initial deadline for the bids was set for April 2023 which was subsequently extended to May Following the initial disappointment, the RFP was once again floated in September with the project being showcased in Dubai as part of an international roadshow in October the 30th of October was also the cut-off date for the bids Yet, the outcome was the same no bids Undeterred, the Private Power and Infrastructure Board (PPIB) the entity tasked with overseeing the bidding for the project extended the deadline for bids to December 11 The PPIB then further stretched the deadline to January 11; however, this date too has passed without the Government securing a single bid for the project Despite this, the NTDC is continuing to acquire land as part of the government s efforts to encourage investors to put their money into the project As per details, National Transmission and Despatch Company Limited (NTDC) has successfully acquired and taken possession of 2553 acres, 06 Kanals and 09 Marla land for the construction of 600 MW Solar Power Project in Tehsil Chowk Sarwar Shaheed of District Muzaffargarh g N T D C A C Q U I R E S 2 5 5 3 A C R E S O F L A N D F O R C O N S T R U C T I O N O F 6 0 0 M W S O L A R P O W E R P R O J E C T G o v t a c q u i r i n g l a n d f o r p r o p o s e d s o l a r p o w e r p l a n t i n M u z a f f a r g a r h . B u t w i l l i n v e s t o r s b i t e t h i s t i m e ? g A F G H A N F M H O P E S D A R ’ S P R E S E N C E W O U L D H AV E A ‘ P O S I T I V E, C O N S T R U C T I V E ’ R O L E I N S T R E N G T H E N I N G B I L AT E R A L R E L AT I O N S

Services Sharjeel Murtaza finalising the agreement FBR spokesperson Zubair Tiwana said that the board s ongoing efforts in automating processes and digitalising the economy to tackle the issue of an undocumented economy and to broaden the tax base Waqas ul Hasan, CEO of Karandaaz Pakistan, commented on the future benefits of this digital shift anticipating a more resilient and agile tax administration system that will ultimately benefit the nation

PR OFIT s ta f f r e p o r t The federal government s budgetary borrowing has seen a rise of 59% during the first eight months (July-Feb) of the fiscal year FY2023-24 According to data released by the State Bank of Pakistan (SBP) the government’s borrowing amounted to Rs3 395 trillion from July to February of the fiscal year 2024 up from Rs2 136 trillion in the corresponding period last year, marking an increase of Rs1 259 trillion This growth in borrowing is attributed to an increase in debt servicing costs, which have overshadowed the gains from revenue collection exceeding targets A report from the finance division highlighted that interest expenses for the period July-December FY24 stood at approximately Rs4 2 trillion, with domestic debt interest accounting for 88% of this figure The domestic debt portfolio of the government reached Rs43 trillion by January The interest burden has expanded in light of a 22% policy rate leading the government to incur additional costs by borrowing at rates between 20-21% Despite efforts to rationalize expenditure, resulting in a primary federal surplus of Rs1 5 trillion, the fiscal deficit escalated to Rs2 7 trillion The finance ministry noted that 77% of the financing for the federal fiscal deficit was sourced domestically with the remaining 23% coming from external avenues Furthermore, the government has retired approximately Rs1 trillion in short-term treasury bills in the past six months The borrowing figures for the first eight months of FY24 are nearing the total borrowing for the entire previous fiscal year which stood at Rs3 7 trillion and surpass the FY22 total of Rs3 133 trillion High inflation rates, averaging 28 7% over the last seven months, have hindered the State Bank’s ability to reduce interest rates compelling the government to continue borrowing at high costs With the State Bank s monetary policy announcement anticipated on March 18, there is speculation that even a potential 1% reduction in interest rates would not significantly ease the government’s borrowing costs Financial experts argue that a rate reduction to below 15% is necessary for the government to secure more affordable borrowing options The current interest rate of 22% is expected to further increase the fiscal deficit despite higher revenue collection as interest payments continue to benefit banks significantly evidenced by their reported profit surges of 70-100% in 2023 PR OFIT N e w s D e s k Pakistan s exports have seen an encouraging 9 05% growth during the first eight months (July-Feb) of the ongoing fiscal year FY2023-24 compared to the same period of the last fiscal year According to the latest data released by the Pakistan Bureau of Statistics (PBS), the country s total exports reached $20 360 billion in July-February FY24 compared to $18 670 billion during the same timeframe last year However, the monthly figures provided by PBS show varying trends Overall exports in February 2024 were recorded at $2 583 billion a decrease of 7 49% month-onmonth (MoM) as of January s $2 792 billion exports On a yearly basis there was an 18% increase in exports of $2 189 billion in February 2023 on the flip side, the textile group, the main driver of Pakistan’s export revenue experienced a slight decrease of 0 65% in exports during the first eight months (JulyFeb) of the ongoing fiscal year FY203-24 Textile exports were recorded at $11 145 billion in JulyFebruary of FY24 compared to $11 218 billion in the same period of the previous fiscal year FY2022-23 In particular textile exports experienced a robust 19% growth on YoY but a 3 31% MoM decrease in February 2024 standing at $1 407 billion A noteworthy performance was seen in cotton yarn exports, which grew by 48 18% during the eight months, reaching $748 307 million up from the previous year ’s $505 015 million In February 2024 alone cotton yarn exports grew by 41 16 percent year-on-year although there was a slight 3 46 percent month-on-month decrease Other segments also saw remarkable growth Rice exports surged by 85 83 percent to $2 517 billion, and food group exports Su day 17 Ma ch 2024 | ISLAMABAD 02 NEWS PR OFIT N e w s D e s k P AKISTAN has committed to the International Monetary Fund (IMF) to increase electricity tariffs and address the outstanding generation costs of over Rs210 billion This decision is part of ongoing negotiations for a $1 1 billion loan tranche expected to be disbursed next month pending board approval The government aims to enhance the financial stability of the power sector through these measures Prime Minister Shehbaz Sharif recently established a committee to oversee the transfer of power distribution companies to provincial governments, signaling a shift in policy by the PML-N administration However, the IMF has expressed concerns over the continuous rise in electricity prices and the efficiency of power distribution The Ministry of Energy informed the IMF that Pakistan is prepared for the next annual base tariff adjustment, set to be finalized by June, with the new tariffs effective from July This will mark the third consecutive year of tariff increases following the previous annual adjustments that raised prices by Rs7 to Rs8 per unit The exact increase in tariffs will be determined after the power distribution companies complete their filings with the National Electric Power Regulatory Authority (NEPRA) The circular debt in the electricity sector, currently at Rs2 7 trillion, and budget subsidies will influence the final decision on the tariff hike The IMF has also discussed with Pakistani authorities strategies to reduce generation costs and has requested data on the expiry of existing Power Purchase Agreements to potentially lower prices Additionally the IMF has urged a review of the policy providing subsidized gas to fertiliser plants as it impacts the power sector s reliance on expensive imported gas PAKISTAN COMMITS TO ELECTRICIT Y TARIFF INCREASE IN IMF NEGOTIATIONS PR OFIT s ta f f r e p o r t The latest data from the Pakistan Bureau of Statistics shows a significant rise in short-term inflation, reaching 32 89% year-on-year for the week ending March 14 This increase is attributed primarily to the escalating prices of vegetables and other food items The Sensitive Price Index (SPI), which gauges weekly price fluctuations, experienced a 1 35% increase compared to the previous week This marks the third consecutive week where the SPI has exceeded 32% Key contributors to the weekly price rise include tomatoes which saw a 21 96% increase, followed by bananas at 21 76%, eggs at 7 15%, and onions at 5 57% Other items like LPG garlic mutton beef chicken and georgette also experienced price hikes Yearly analysis reveals the most significant price increases in gas charges for Q1, which surged by 570%, and tomatoes, which rose by 185 68% Other notable increases were observed in onions chili powder garlic men’s sponge chappals men s sandals wheat flour gur and sugar Conversely some products saw price reductions on a weekly basis, including cooking oil, vegetable ghee, wheat flour, sugar, gur, rice basmati broken, pulse masoor, and pulse mash On an annual scale decreases were noted in items such as cooking oil vegetable ghee mustard oil bananas diesel and cigarettes The SPI s latest reading stood at 327 21 up from 322 86 the previous week and significantly higher than the 246 22 recorded a year ago underscoring the ongoing inflationary pressures in the country Weekly inflation hits 33% amid rising food prices FBR, Karandaaz sign MoU for tax system digitalisation PR OFIT N e w s D e s k The Federal Board of Revenue (FBR) has partnered with Karandaaz Pakistan to digitalise Pakistan s tax system This collaboration was formalised through a memorandum of understanding (MoU), signed following a meeting between Finance Minister Muhammad Aurangzeb, FBR officials, and representatives from Karandaaz Pakistan The partnership aims to reform tax administration by integrating digital solutions that prioritise ease of business and customer-centric approaches During the meeting, Aurangzeb emphasized the importance of leveraging top talent and international experience in tax digitalisation to ensure the initiative’s success The MoU outlines Karandaaz Pakistan’s role in evaluating FBR’s current IT infrastructure business processes and requirements to guide the digital transformation of the tax system The signing event saw FBR Member for Reforms and Modernisation Ardsher Salim Tariq and Karandaaz Pakistan’s Director of Digital
g D e c i s i o n i s p a r t o f o n g o i n g n e g o t i a t i o n s f o r a $ 1 . 1 b l o a n t r a n c h e , e x p e c t e d t o b e d i s b u r s e d n e x t m o n t h Govt ’s budgetar y borrowing esc alates by 59% in July-Februar y: SBP g B o r r o w i n g a m o u n t e d t o R s 3 3 9 5 t r i l l i o n i n 7 M F Y 2 4 d u e t o i n c r e a s e i n d e b t s e r v i c i n g c o s t s Pakistan’s expor ts surge 9% in 8MFY2023-24 g T e x t i l e g r o u p e x p e r i e n c e s a s l i g h t d e c r e a s e o f 0 6 5 % i n e x p o r t s i n e i g h t m o n t h s

TGovt to launch Panda bonds to boost foreign reser ves

MPC is set to meet on Monday. With inflation still lurking, will the SBP fall to temptation of a rate c ut?

Pakistan set to seal staff-level agreement with IMF next week

PR OFIT N e w s D e s k The Shehbaz-led federal government is considering to launch Panda Bonds in a bid to augment Pakistan s diminishing foreign exchange reserves According to a media report, Prime Minister Shehbaz Sharif instructed the Ministry of Finance to assess the feasibility of issuing Panda Bonds during a State of Economy meeting on March 4 2024 right after taking charge of the government The premier had given a two-week deadline for the completion of this task to be expired mid next week In response to the economic urgency the prime minister also decided to conduct regular economy-focused meetings to promote stability and sustained development Additionally, the premier ordered the Federal Board of Revenue (FBR) to honor top taxpayers and innovative exporters in a forthcoming ceremony The FBR was also tasked with enhancing its automation to reduce taxpayer interaction and ease compliance aiming to broaden the tax base and combat corruption within its ranks Efforts to reduce government expenditure include reassessing the pay structure for public sector company boards, currently receiving substantial meeting fees plus allowances Finance Secretary Imdadullah Bosal is to investigate the delayed implementation of scanners in factories, as previously mandated The Power Division has been given a month to devise a strategy for power loss reduction inspired by the Georgian model Minister for Petroleum and Power Dr Musadik Malik said that he was developing a plan to increase winter electricity usage, details of which are yet to be disclosed PR OFIT N e w s D e s k
HE Director General of Trade Organisations (DGTO), operating under the Ministry of Commerce, has officially revoked the licence of the Pakistan Solar Association (PSA) due to alleged involvement in irregularities and a breach of regulations T h e d e c i s i o n a l s o i n c l u d e s sanctions against key members of the PSA, prohibiting their membership in a n y t r a d e o rg a n i s a t i o n f o r f i v e y e a r s a n d i m p o s i n g f i n e s T h i s a c t i o n f o l l o w s f i n d i n g s t h a t t h e P S A s executive committee was complicit in i l l e g a l a c t i v i t i e s o r c h e s t r a t e d b y a f r a u d u l e n t s e c r e t a r y g e n e r a l T h e c o m m i t t e e w a s a c c u s e d o f withholding critical information from t r a d e o rg a n i s a t i o n r e g u l a t o r s c o n s t i t u t i n g a v i o l a t i o n o f t h e l a w Consequently, the membership of all e x e c u t i v e c o m m i t t e e m e m b e r s h a s b e e n c a n c e l l e d b a s e d o n p o w e r s granted under Rule 11(3) of the Terms of Reference 2013 Additionally the c o n d i t i o n a l r e n e w a l o f t h e P S A s l i c e n c e , p r e v i o u s l y g r a n t e d b y t h e then-regulator, has been withdrawn T h e P S A f a i l e d t o m e e t t h e r e n e w a l c o n d i t i o n s w i t h i n t h e g i v e n t i m e f r a m e d e s p i t e m u l t i p l e notifications, leading to the immediate expiration of its licence The DGTO s inquiry was initiated after receiving several complaints against the PSA Following the association s response, a hearing was scheduled for October 10, 2023 Secretary General Mohsin Shaukat’s absence from several hearings and failure to demonstrate financial transparency when he did appear further incriminated the association s management practices The investigation revealed the secretary general as a “dummy” participant, directly involved in the PSA’s management, presenting a significant conflict of interest Attempts to engage with the PSA’s leadership for clarification on these matters were met with inadequate responses including the failure to provide necessary documentation and meet annual reporting requirements This decisive regulatory action has been met with approval by professionals within the solar industry who had expressed concerns over the PSA s dominance and management The DGTO has recommended that the federal government officially cancel the licence of the now-defunct and noncompliant PSA 03 NEWS S nday 17 March 2024 SLAMABAD PAKISTAN SOL AR ASSOCIATION’S LICENCE REVOKED OVER MISCONDUCT
NEPRA determines multi-year tariff regime for three Discos ISLAMABAD s ta f f R e p o R t National Electric Power Regulatory Authority (NEPRA) has approved distribution and supply tariffs under the multi-year tariff (MYT) regime for five years from 2023 to 2028 for three major power distribution companies (Discos) These power distribution companies include Islamabad Electric Supply Company (IESCO) Lahore Electric Supply Company (LESCO) and Faisalabad Electric Supply Company (FESCO) Under the MYT regime NEPRA has meticulously assessed the revenue requirements of each Disco for the control period, with IESCO, LESCO, and FESCO needing Rs 39 66 billion, Rs 60 459 million, and Rs 44 490 billion respectively for FY2023-24 These assessments are designed to cover the costs associated with distribution ensuring the maintenance and improvement of distribution infrastructure Similarly NEPRA has approved differential amounts as part of the Prior Year Adjustment (PYA) in the subsequent adjustment/indexation determination for FY202425 IESCO LESCO and FESCO have been allocated differential amounts of Rs 7 426 billion Rs 7 735 billion and Rs 11 900 billion respectively for the said period reflecting variances between forecasted and actual costs/revenues In addition to tariff approvals, NEPRA has emphasized the necessity of organisational restructuring within the DISCOs It has highlighted discrepancies in cost bifurcation and the submission of combined accounts for distribution and power supply functions without visible progress in restructuring Such organisational changes are crucial for enhancing operational performance and ensuring transparency within these companies This decision marks a pivotal moment in the management and operation of these DISCOs emphasizing the importance of transparent and effective governance within the electric power sector Implementing MYTs underscores NEPRA s commitment to balancing consumer interests with those of the service-providing companies This aligns with the principles of transparency and impartiality outlined in the NEPRA Act Section 7(6) Furthermore NEPRA has announced that a differential net amount of Rs 3 096 billion inclusive of differential amounts for distribution will be permitted as part of PYA in the subsequent adjustment determination for FY2024-25 After Kia and Indus Motor, Honda Atlas slashes price of its Cit y model PR OFIT N e w s D e s k After Kia Pakistan and Indus Motor Company Honda Atlas Cars also announced a price reduction of up to Rs140 000 on two of its City variants The company set the new price for the City MT1 2L at Rs4 649 million after a reduction of Rs50,000 The price of City CVT 1 2L has been slashed by Rs140,000, bringing its new price to Rs4 689 million The new prices will be effective from March 15 2024 Earlier Kia Pakistan on Thursday announced a reduction in the price of its Sportage models by up to Rs 300 000 in a Ramadanexclusive offer Kia said that the offer which lasts until March 31, 2024, includes a reduction in the ex-factory prices of various Sportage models as follows: Sportage Alpha to Rs 7 300 000 from Rs 7 550 000 Sportage FWD to Rs 7 470 000 from Rs 8 040 000 Sportage AWD to Rs 8 470 000 from Rs 8 770 000 and Sportage Limited Edition to Rs 9,000,000 from Rs 9,300,000 Similarly, Indus Motor Company, the manufacturer of Toyota cars in Pakistan, announced a price reduction for its Yaris sedan models with cuts ranging from Rs 73 000 to PKR 133 000 After the adjustment the new prices for the Yaris 1 3 MT LO 1 3 CVT LO and 1 3 MT Hi are set at Rs 4 326 million Rs 4 616 million and Rs 4 586 million, respectively, each reflecting a Rs 73,000 decrease The Yaris CVT Hi sees a Rs 133,000 reduction, with its price now at Rs 4 766 million As per industry sources this move is attributed to the company s efforts to circumvent the recent 25% sales tax increase on automobiles priced above Rs 4 million PIA first in line for privatisation, hints Aurangzeb PR OFIT N e w s D e s k Finance Minister Muhammad Aurangzeb hinted at the privatisation of Pakistan International Airlines (PIA) first over all other state-owned enterprises (SOEs) Speaking to media persons after filing his nomination papers for Senate elections, Muhammad Aurangzeb said that the PIA has been first in the line for privatization, and all other institutions will come later Muhammad Aurangzeb said that it is not the government s job to do business it has only to formulate policies Earlier it was reported in local media that the privatisation of PIA is projected to be one of the most intricate transactions tackled by the Privatization Commission (PC), necessitating a detailed 30-step plan for completion and fulfilling this ambitious agenda could span from six months to a year A significant hurdle in the process involves obtaining No-Objection Certificates (NOCs) from around 35 lenders, a task with an unpredictable timeline due to PIA’s financial struggles Part of the preparation involves PIA’s division into two separate entities a process entailing multiple steps itself LPG price jumps Rs 30/kg, prompting outcr y from industrial sector PR OFIT N e w s D e s k The price of liquefied petroleum gas (LPG) has increased by Rs 30 per kilogram prompting concerns from industry leaders Irfan Khokhar Chairman of the LPG Association, slammed the hike, alleging it is a result of collusion between LPG quota holders and importers He pointed out that this is the third unjustified increase, implemented without official notification from the Oil and Gas Regulatory Authority (OGRA) According to Khokhar the official price of LPG currently stands at Rs 257 per kg However the market reality paints a different picture Consumers in Lahore and other cities are forced to pay Rs 350 per kg, while prices reach a staggering Rs 410 per kg in Pakistan’s hilly areas This news comes in stark contrast to the recent government announcement regarding adjustments in fuel prices The Ministry of Finance opted to reduce the price of diesel by Rs 1 77 per liter and maintain petrol prices Kerosene oil witnessed a price drop of Rs 1 35 per liter, while light diesel oil saw a more significant reduction of Rs 2 12 per liter The new petrol price remains at Rs 279 75 per liter with the revised diesel price set at Rs 285 56 per liter These prices will be effective from March 16 to March 31 The significant hike in LPG prices coupled with the lack of official notification, has created a sense of unease among consumers and industry representatives alike Khokhar ’s claims of collusion warrant investigation to ensure transparency and fair pricing in the LPG market g D e c i s i o n a l s o i n c l u d e s s a n c t i o n s a g a i n s t k e y m e m b e r s o f P S A , p r o h i b i t i n g t h e i r m e m b e r s h i p i n a n y t r a d e o r g a n i s a t i o n f o r f i v e y e a r s CONTINUED FROM PAGE 01 In February CPI stood at 23 1% compared to 31 5% during the same period last year Similarly, core inflation is showing signs of cooling down, recording at 15 5% and 21 9% for urban and rural baskets, respectively,” read a report by Insight Securities “We believe that the downward trend in headline inflation and the relatively stable domestic currency could serve as catalysts for the central bank to consider initiating monetary easing the report added When it comes to expectations, the market for government treasuries and the interbank market provide a fairly accurate depiction “In the primary market, yields across various tenors have decreased with reductions observed in 3-month 6-month and 12month yields by 1 4% 2 6% and 2 7% respectively Similarly in the secondary market yields have experienced declines ranging from 1 6% to 2 6% Moreover, longer tenor bonds also reflect this trend, showing reductions of 2 5%, 0 4%, and 0 8% in the primary market and 2 8% 0 6% and 1 1% in the secondary market for 3-year 5-year and 10-year bonds respectively This decline in money market yields suggests a growing sentiment towards a potential rate cut as reflected by market participants stated Sana Tawfik, deputy head of research at Arif Habib Limited in her research report The elevated policy rate has had a notable impact on the country’s business environment Companies have faced challenges in meeting their working capital requirements at these heightened financing rates Additionally there has been a decline in demand for goods and services as a result of decreased consumer spending The biggest effect of high-interest costs is on the sovereign federal budget itself Nearly all of the tax receipts are heading towards paying interest costs thereby complicating the fiscal sustainability in the country A marginal cut of 100bps will give relief to the federal government and indebted borrowers at the brink of default lamented AAH Soomro an independent economic analyst Similar sentiments were echoed by Yousuf Farooq, director of research at Chase Securities “Pakistan’s large fiscal deficit would reduce if rates decline Interest rates are up to reduce inflation but keeping rates high is also leading to a large fiscal deficit which will cause future inflation ” tweeted Farooq Reducing the policy rate from 22% to 21% will not cause a resurgence in imports nor add material pressure on demand for dollars or imports SBP must bring optimism back and show confidence in the inflation outlook by cutting 100bps A 21% interest rate is already high enough to please the IMF and ensure “proactively tight monetary policy” Let the poor debtors (including the government) breathe a sigh of relief opined Soomro He warned about the harmful effects of interest rates in the 20% range noting that even if the SBP cuts the policy rate by 100 basis points, defaults are still a looming concern REASONS FOR NO RATE CUT While inflation has shown signs of tapering off it’s crucial to recognize that this decline is primarily driven by a reduction in food inflation with non-food inflation remaining stubbornly high As highlighted in an article titled Inflation: Don t Lower Rates on Food (CPI) s Account, published in Business Recorder, the contribution of food CPI to inflation has decreased from 18 to 7 percentage points, attributing 73% to the decline in overall inflation Conversely non-food CPI remains high at 28 2% contributing 16 percentage points to inflation Moreover the relative stability in exchange rates which has remained steady at around 280 since October 2023, has played a crucial role in curbing food inflation In the event of a pre-mature rate cut, the rupee may face considerable pressure due to a resurgence in demand, especially considering the expected increase in external debt servicing in the coming months “Current negotiations for a long-term IMF program the likelihood of new taxes pressure on the rupee against the dollar, and the Ramadan factor are all likely to keep inflation on the higher side Furthermore, in the coming three months, Pakistan will have to repay a large amount of debt, putting pressure on the foreign exchange reserves and rupee ” opined Yousuf Saeed head of equity research at Darson Securities Limited in his analyst note
PR OFIT N e w s D e s k Pakistan is all set to close a staff-level agreement with the International Monetary Fund (IMF) next week, sources disclosed on Saturday The signing of a staff-level agreement with the global lender will clear the way for Pakistan to receive the last tranche of $1 1 billion under the standby agreement (SBA) It is reported that during the talks with the IMF Pakistan s officials assured the international lender of jacking up the electricity tariff from July 1, while monthly, quarterly and yearly fuel adjustments will be slapped on consumers for cost recovery The IMF delegation stressed upon Pakistani officials to continue to protect people registered in the Benazir Income Support Programme (BISP) programme Furthermore the IMF also demanded to keep strict monetary policy and market exchange rate The IMF delegation is currently in Pakistan for the second review under the SBA loan programme

I M F t a l k s b e g i n

A s o n e p ro g ra m m e e n d s, b o t h s i d e s l o o k to t h e n ex t

ON the face of it, the International Monetary Fund team in Islamabad is merely supposed to conduct the third and final review of the current Stand-By Arrangement of $3 billion so as to decide whether the final tranche of $1 billion should be disbursed or not However, both teams will also have in view what happens after the SBA expires on April 11 The talks are thus not so much a final review as a preliminary to negotiating the next aid package It is expected that the aid package will be duly applied for soon though it has not been so far The package to be applied for is expected to be an Extended Fund Facility of about $6 billion spread over three years Though he was careful to put no figures on the package to be applied for newly appointed Finance Minister Muhammad Aurangzeb has confirmed that the government will apply for the package

Because the IMF is a bank, its explorations of how Pakistan can finance its debt repayments are wide-ranging That might be why its first target was circular debt in the fossil fuels sector, and it has become clear that it will require further tariff raises under the new programme At the moment it will find the government willing to bend over backwards to get a deal Pakistan has had an unfortunate recent history with the IMF, as the SBA only came after Pakistan failed to complete its EFF The first SBA review under the caretakers was successful and the present PM who negotiated the SBA, would hope to carry forward the momentum Some suggestions, such as ending exemptions in the next budget and not giving any amnesty scheme in it are fairly standard

However, the IMF has suggested that the federalprovincial share established in the last National Finance Commission of 42 5:57 5 be changed Critics of the 18th Amendment have focused on its putting a ban on reducing the provincial share The criticism, which has also been voiced by the IMF team, is that there has not been a corresponding transfer of responsibilities to the provincial governments However, getting such a reversal would tear at the fabric of the federation, apart from the monumental difficulties that the government would face in putting together the two-thirds majorities needed in both Houses of Parliament to amend the Constitution It is also not clear how more rupees available will translate into the foreign exchange needed for debt servicing

Dedicated to the legac y of late Hameed Nizami

Arif Nizami (Late) Founding Editor

M A Niazi Editor Pakistan Today Babar Nizami Editor Profit

Elections festivities are over, now for the economy

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

Tprioritizing narrow agendas over national s t a b i l i t y H i s t o r y u n d e r s c o r e s t h e v i t a l l i n k b etween political stability and economic progress, a lesson seemingly lost on Pakistan's political leadership Caught in a cycle of self-inflicted crises Pakistani politicians persistently ignore historical less o n s p e r p e t u a t i n g r i v a l r i e s t h a t e s c a l a t e i n t o damaging enmities In a democracy ruling and opposition parties should converge on the common goal of national welfare, yet political manoeuvres often overshadow this responsibility The aftermath of the recent elections has been m a r r e d b y a c c u s a t i o n s o f e l e c t o r a l f r a u d a n d threats of destabilization because of this neglecting the severe repercussions on the economy The r e l e n t l e s s p o l i t i c a l c o n f r o n t a t i o n s s i n c e A p r i l 2 0 2 2 h a v e e x a c e r b a t e d e c o n o m i c w o e s , e v e n t h o u g h t h o s e d e m a n d a u n i f i e d e ff o r t t o r e s t o r e stability The pervasive influence of political part i e s a n d t h e i r l e a d e r s h a s o f t e n p r i o r i t i z e d n a r r o w i n t e r e s t s o v e r t h e b r o a d e r w e l f a r e o f t h e n a t i o n

Rivalries between political factions have degen-

erated into bitter enmities further exacerbating governance challenges and undermining investor confidence Consequently Pakistan s economy finds itself mired in a state of perpetual uncertainty, with adverse implications for fiscal sustainability, investment inflows, and socio-economic stability due to the aggressive style of one political party in the country named PTI A m i d l o o m i n g d e b t o b l i g a t i o n s a n d f i n a n c i a l s t r a i n p a r t i s a n p o l i t i c s f u r t h e r i m p e r i l P a k i s t a n s e c o n o m i c f u t u r e I n i t i a t i n g d i a l o g u e a n d c o o p e ra t i o n a m o n g p o l i t i c a l f a c t i o n s i s i m p e r a t i v e t o n a v i g a t e t h e e c o n o m i c q u a g m i r e a n d a v e r t c a t a st r o p h e A p r o a c t i v e a p p r o a c h , i n c l u d i n g a n at i o n a l c h a r t e r o f e c o n o m y a n d e l e c t o r a l r e f o r m s i s v i t a l t o r e s t o r e f a i t h i n g o v e r n a n c e a n d e n s u r e l o n g - t e r m s t a b i l i t y T h e r e s p o n s i b i l i t y r e s t s s q u a r e l y o n t h e s h o u l d e r s o f p o l i t i c a l l e a d e r s w h o s h o u l d b e e m p h a s i z i n g n a t i o n a l i n t e r e s t o v e r p e r s o n a l g a i n The urgency of the situation necessitates immediate action; failure to prioritize the nation's wellbeing could have irreparable consequences rendering political factions obsolete in shaping Pakistan s future A cursory glance at the annals of history reveals the symbiotic relationship between political stability and economic progress Developed nations and emerging economies alike have thrived on the bedrock of stable governance, robust institutions and consensus-driven policymaking In contrast countries plagued by political strife and institutional dysfunction have languished in a cycle of stagnation and decline P a k i s t a n s o w n e x p e r i e n c e u n d e r s c o r e s t h i s fundamental truth Despite sporadic periods of relative stability and economic growth, the spectre of political turmoil has loomed large over its development trajectory The recurring pattern of politic a l u p h e a v a l h a s p e r p e t u a t e d a v i c i o u s c y c l e o f economic mismanagement and underperformance The confluence of internal and external chall e n g e s h a s f u r t h e r c o m p o u n d e d P a k i s t a n ' s e c on o m i c w o e s , p o s i n g f o r m i d a b l e o b s t a c l e s t o s u s t a i n a b l e d e v e l o p m e n t M o u n t i n g d e b t o b l i g at i o n s f i s c a l d e f i c i t s a n d b a l a n c e o f p a y m e n t s

Pakistan stands at a crossroads, confronted by daunting economic challenges and entrenched political discord. However, amidst the gloom and uncertainty, there exists a glimmer of hope– the prospect of meaningful reform, political cohesion, and national renewal By transcending partisan divides, embracing inclusive governance, and pursuing bold policy initiatives, Pakistan can chart a course towards sustainable economic recovery and prosperity. The road ahead may be arduous, but the stakes could not be higher Only through concerted action and collective resolve can Pakistan overcome its economic peril and realize its full potential as a vibrant, prosperous, and resilient nation

D a c o i t M e n a c e i n S i n d h

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

IThe government must prioritize the safety and security of its citizens by taking strict actions against these criminals Only through concerted efforts and comprehensive strategies can Sindh rid itself of this scourge and restore safety to its people. It's time for the government to demonstrate its commitment to justice and security through meaningful actions and accountability The last major anti-kidnapping operation took place in 1990, but it seems that the effect has long worn off That operation was conducted by the Army The Sindh government would do well to use its police and end this menace, before the federal government (which belongs to a different party) is forced to act and use federal froces, such as the Rangers and the Army

for civil disobedience have h e i g h t e n e d i n v e s t o r u n c e r t a i n t y a n d u n d e r m i n e d c o n f i d e n c e i n t h e c o u n t r y ' s d e m o c r a t i c i n s t i t utions The resultant climate of instability has det e r r e d b o t h d o m e s t i c a n d f o r e i g n i n v e s t m e n t

exacerbating capital flight and exacerbating currency depreciation A d d r e s s i n g P a k i s t a n s e c o n o m i c m a l a i s e r e -

quires a multifaceted approach encompassing political, institutional, and structural reforms At the heart of this endeavour lies the imperative for political cohesion consensus-building and national r e c o n c i l i a t i o n P o l i t i c a l p a r t i e s m u s t r i s e a b o v e partisan interests and prioritize the nation's longterm welfare over short-term gains To this end the formulation of a national chart e r o f e c o n o m y e n c o m p a s s i n g a b i p a r t i s a n c o nsensus on key policy priorities fiscal discipline a n d i n s t i t u t i o n a l r e f o r m , i s e s s e n t i a l S u c h a f r a m e w o r k w o u l d p r o v i d e a r o a d m a p f o r e c onomic recovery governance reform and sustainable development transcending transient political r i v a l r i e s a n d f o s t e r i n g a c u l t u r e o f c o l l a b o r a t i o n and accountability F u r t h e r m o r e , e l e c t o r a l r e f o r m s a i m e d a t e nhancing transparency accountability and inclusivi t y a r e i n d i s p e n s a b l e t o r e s t o r i n g p u b l i c t r u s t i n democratic processes Electoral malpractice voterigging, and political coercion must be vigorously a d d r e s s e d t h r o u g h l e g i s l a t i v e m e a s u r e s , i n s t i t ut i o n a l s a f e g u a r d s a n d j u d i c i a l o v e r s i g h t M o r eo v e r s t r u c t u r a l r e f o r m s t o s t r e a m l i n e r e g u l a t o r y processes promote business-friendly policies and enhance market competitiveness are critical to unlocking Pakistan s economic potential This entails dismantling bureaucratic red tape, reducing regulatory burdens and fostering a conducive environm e n t f o r e n t r e p r e n e u r s h i p i n n o v a t i o n a n d investment Pakistan stands at a crossroads, confronted by daunting economic challenges and entrenched pol i t i c a l d i s c o r d H o w e v e r a m i d s t t h e g l o o m a n d u n c e r t a i n t y t h e r e e x i s t s a g l i m m e r o f h o p e – t h e p r o s p e c t o f m e a n i n g f u l r e f o r m p o l i t i c a l c o h es i o n , a n d n a t i o n a l r e n e w a l B y t r a n s c e n d i n g p a rt i s a n d i v i d e s , e m b r a c i n g i n c l u s i v e g o v e r n a n c e , a n d p u r s u i n g b o l d p o l i c y i n i t i a t i v e s P a k i s t a n c a n c h a r t a c o u r s e t o w a r d s s u s t a i n a b l e e c o n o m i c r ec o v e r y a n d p r o s p e r i t y T h e r o a d a h e a d m a y b e a rd u o u s , b u t t h e s t a k e s c o u l d n o t b e h i g h e r O n l y t h r o u g h c o n c e r t e d a c t i o n a n d c o l l e c t i v e r e s o l v e c a n P a k i s t a n o v e r c o m e i t s e c o n o m i c p e r i l a n d r ea l i z e i t s f u l l p o t e n t i a l a s a v i b r a n t p r o s p e r o u s a n d r e s i l i e n t n a t i o n

The writer is a freelance columnist

Stigma breakers

IN recent years, the conversation surrounding mental health has gained momentum, yet there remains a pressing need for increased understanding and support Mental health is an integral part of overall well-being affecting individuals families and communities alike By fostering awareness we can challenge the stigma associated with mental health issues and create an environment where individuals feel comfortable seeking help without fear of judgment Educational initiatives that promote mental health awareness in schools, workplaces, and community organisations are essential It is crucial to equip individuals with the knowledge to recognise signs of mental health challenges and provide resources for seeking help Through open dialogue we can contribute to breaking down the barriers that prevent many from seeking the support they need Moreover advocating for policies that prioritise mental health services is vital By allocating resources to mental health programmes, we can enhance accessibility to professional help and contribute to the development of a more compassionate and supportive society I urge our community to come together in acknowledging the importance of mental health and working towards creating an inclusive and empathetic environment Together we can make strides towards a society where mental health is prioritised and everyone feels valued and supported M ABDULLAH JAVED KARACHI

Dying peacocks

PEACOCKS are known for their stunning beauty and graceful demeanour, captivating hearts with their vibrant feathers and elegant dances In the vast expanses of Tharparkar, Sindh, these majestic birds have long been cherished residents, adding to the natural splendour of the region However recent events have cast a shadow over this idyllic scene as reports emerge of peacocks succumbing to a mysterious illness Tharparkar a region famed for its desert landscapes and rich cultural heritage is home to a significant population of peacocks estimated at over 120 000 birds Among them are both wild flocks and domesticated birds kept as cherished pets by locals In the past, the people of Thar demonstrated a strong commitment to conserving these precious creatures, actively opposing illegal practices such as hunting and smuggling that threatened the peacock population The recent wave of deaths among peacocks in Tharparkar particularly in villages like Pahnario in the Pillu Taluka of Nagarparkar has sent shockwaves throughout the community According to residents like Mr Javed Samoon Mr Khamiso Khan Jhagoro and Darya Khan, the toll of the mysterious disease has been devastating, claiming the lives of more than two dozen peacocks in their village alone This loss is keenly felt in a place where the bond between people and wildlife runs deep, and the presence of peacocks is intertwined with the fabric of daily life The exact cause of the illness plagu-

04 Sunday 17 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
ing the peacocks remains elusive adding to the sense of urgency and concern Both wild and domestic birds are affected indicating the widespread nature of the threat As grieving villagers mourn the loss of their beloved birds, they are also raising their voices in demand for action They call upon the relevant authorities to intervene swiftly and decisively to stem the tide of deaths before it is too late In the poignant verses of Shah Abdul Latif Bhittai, the renowned poet of Sindh, echoes of the plight of the peacocks resound: “The lovely peacocks are all dead not one swan remains Crafty snipers once again inhabit my native land These words serve as a haunting reminder of the fragility of life and the urgent need for stewardship of the natural world The fate of the peacocks of Tharparkar hangs in the balance, their once vibrant presence now overshadowed by the spectre of illness and death To avert further tragedy, concerted efforts must be made to investigate the root causes of the disease Measures to protect vulnerable populations must be implemented and communities must engage in conservation efforts Time is of the essence and decisive action is needed to ensure that the iconic beauty of Tharparkar embodied by its magnificent peacocks continues to thrive for generations to come FAHAD RIND JOHI 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
N the bygone era the dacoits of Sindh residing in its rural hinterlands were renowned for their adherence to a code of conduct characterized by a peculiar sense of honour They demonstrated a propensity to target individuals of considerable financial means refraining from preying upon the impoverished and downtrodden Moreover they exhibited a notable reverence towards women and abstained from causing undue harm or discomfort to the less fortunate Regrettably, contemporary depictions of dacoits portray a stark departure from this erstwhile chivalrous archetype Present-day accounts depict dacoits as harbouring a ruthless demeanour often collaborating with local landlords and politically influential figures to perpetrate acts of heinous violence and unabated brutality, thereby eschewing the noble principles of yore The recent surge in kidnappings for ransom has plunged the people of Sindh into a state of fear and uncertainty With over 60 individuals becoming victims of such heartless dacoits this year alone the crisis looms large leaving a palpable sense of insecurity among the populace The epicentre of this epidemic is the Kacho area of District Kashmore, particularly on the Kandhkot side, where criminal gangs operate with impunity exploiting the vulnerabilities of the local population In a recent tragic incident in Ghous pur Kandhkot district Mohammad Rafique Samejo was abducted along with his colleague Javed Shaikh Samejo met a tragic end, brutally tortured and dumped near the B S Feeder Canal, while Shaikh remains captive amplifying the community's distress and fueling anger against the ineffectiveness of the law enforcement agencies The modus operandi of these dacoits is both cunning and cruel, exploiting victims through tactics like "honey trapping" and false job opportunities Ransom demands reach into the millions, imposing a heavy financial burden on victims and their families often with dire consequences for those unable to pay The psychological toll on families is immeasurable exacerbated by the desperation of receiving ransom demands and gruesome videos, plunging them into a perpetual state of trauma and despair In response to the escalating kidnappings, Chief Minister Murad Ali Shah convened a cabinet meeting acknowledging the gravity of the situation Following a report from the Sindh police revealing 29 registered cases of kidnappings for ransom, the decision was made to launch operations against these dacoits However, despite sporadic grand operations, the strongholds of these criminals remain intact, and they are helped by access to sophisticated weaponry and deep-rooted corruption within law enforcement agencies Moreover the situation has escalated to the point where almost half of northern Sindh is paralyzed by strikes and sit-in protests persisting for over a week The continuous abduction and kidnapping menace have driven hundreds to migrate particularly targeting the Hindu communities, exacerbating ethnic tensions and social divisions within the region I t i s i m p e r a t i v e f o r t h e g o v e r n m e n t t o t a k e d e c i s i v e a c t i o n t o c o m b a t t h i s c r i s i s T h e a u t h o r i t i e s m u s t a d d r e s s t h e r o o t c a u s e s of these crimes by investigating and dismant l i n g t h e n e t w o r k s r e s p o n s i b l e f o r s u p p l y i n g arms to these dacoits Consistency in uprooti n g t h e s e c r i m i n a l s i s e s s e n t i a l , w i t h C h i e f M i n i s t e r M u r a d A l i S h a h s d i r e c t i v e s n e e di n g t o b e f o l l o w e d b y c o n c r e t e a c t i o n s A t h o r o u g h i n v e s t i g a t i o n i n t o t h e i n v o l v e m e n t o f p o t e n t i a l p o l i t i c a l p a t r o n s i n a r m s t r a ff i c k i n g i s c r u c i a l Strengthening intelligence gathering, implementing strict penalties for arms trafficking, and providing support and protection for victims and their families are imperative steps Additionally enhancing community policing initiatives and investing in socio-economic development to address underlying factors are vital measures The dacoits do not seem to have updated their methods and still keep their victims at patharis which are run by patharidars usually local influentials who feel themselves safe from raids to recover the victims These patharidars usually charge a daily rent for the victims They are also often the ones supplying arms to the kidnappers, and are involved in the illicit weapons trade The government must prioritize the safety and security of its citizens by taking strict actions against these criminals Only through concerted efforts and comprehensive strategies can Sindh rid itself of this scourge and restore safety to its people It's time for the government to demonstrate its commitment to justice and security through meaningful actions and accountability The last major antikidnapping operation took place in 1990 but it seems that the effect has long worn off That operation was conducted by the Army The Sindh government would do well to use its police and end this menace, before the federal government (which belongs to a different party) is forced to act and use federal froces such as the Rangers and the Army The writer tweets @AliGulLeghari1
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Moreover endemic corruption bureaucratic inefficiency, and regulatory hurdles have stifled entrep
investment Against this backdrop, the recent wave of political unrest and post-election turmoil has dealt a severe blow to Pakistan s economic prospects Allegations of electoral fraud by the PTI and then its protests and calls
r e n e u r i a l a c t i v i t y a n d d e t e r r e d f o r e i g n
Pa r t i e s m u s t a c t f o r t h e c o u n t r y A s A d A l i

India is a rogue countr y and should be treated accordingly

APM Narendra Modi known as the Butcher of Gujarat,' is the political arm of the Nazi-inspired Rashtriya Swayamsevak Sangh (RSS) Before being elected as

PM Modi served as the Chief Minister of Gujarat He was solely responsible for the Muslims massacre in Gujarat in 2002 As soon as Modi became the PM of India in 2014, the country’s claims of being a secular state started deteriorating Muslims Sikhs Christians and lower-caste Hindus are forced to live worse than human beings in India Violence and hate speech against Muslims in India have been a historical phenomenon but it has increased manifold since PM Modi came to power In a ten-year study from 2009 to 2019, more than 90 percent of hate crimes against minorities were found to have occurred after 2014

The BJP-RSS nexus is fast turning India into a pariah state which has no regard for international laws and norms of the civilised world In complete disregard of the UN s multiple resolutions, it has stripped IndianOccupied Kashmir of its disputed status while people’s rights are being suppressed through stringent laws Modi scrapped the Indian-Occupied Kashmir s special status guaranteed by India s Constitution decades ago and turned the Muslim-majority state into a federally controlled territory In the occupied territory, India has committed brazen violations of human rights turning the whole Valley into a Nazi-inspired concentration camp The BJP-RSS nexus passed a discriminatory Citizens Amendment Act in 2019 The BJP is following in the Nazis' footsteps It is not just Muslims, but low-caste Hindus, Christians

directly and uphold the principles of human rights and democracy before the situation deteriorates further

and other minorities are also bearing the brunt of the Hindutva fascist ideology

In April 2022 50 000 houses of Muslims were demolished in the state of Hyderabad and in 2023 400 incidents of violence against Christians were reported in 23 states of India In August 2023, Indian extremists killed hundreds of Christians and burned 600 villages in the Kandhamal district of Orissa

Recently in May 2023 ethnic violence erupted in India s north-eastern state of Manipur According to government figures 175 people have been killed in the violence

4,786 houses were burnt and 386 religious structures including temples and churches were vandalised The violence left more than 70 000 people displaced from their homes The National Crime Bureau's report said that over 250 000 hate crimes against lower castes were reported in the last 5 years

Despite the economic failures of his first term, Modi won

the international community of the dangers posed by Indian state-sponsored terrorism to regional and international peace and security On January 25, Pakistani security agencies successfully exposed Indian terrorist groups and Indian handlers/facilitators involved in heinous terrorist acts and targeted killings in Pakistan Earlier in March 2016 Indian Navy officer Kulbhushan Sudhir Jadhav was arrested in a counter-intelligence operation in Balochistan's Mashkel area for his involvement in espionage and sabotage activities against Pakistan Notably in a video statement Kulbhushan openly admitted that he was the serving agent of RAW in Balochistan He confessed that he spied for India and was assigned the task of creating unrest in Karachi and Balolchistan to destabilise Pakistan The international community’s failure to condemn India for its terrorist activities in the past for geopolitical considerations has emboldened New Delhi to expand its terrorist network from South Asia to Europe and North America Last year, the brutal murder of Sikh leader Hardeep Singh Nijjar, by India made headlines globally Canada had strongly reacted over the murder of Nijjar and highlighted the killing globally After the Nijjar

Singh Pannu, which was foiled by the timely action of American intelligence agencies The accused of this murder plan is facing judicial proceedings in the USA

This portrayal offers a stark view of India s trajectory under the BJP government led by PM Modi and its association with extremist ideologies From internal repression of minorities to aggressive actions against neighbouring States, India's conduct mirrors the characteristics of a rogue state, challenging international norms and agreements Recent events including targeted violence against religious minorities and State-sponsored terrorism underscore the pressing need for the international community to address India's destabilizing behaviour The Financial Action Task Force (FATF) must assume a central role in scrutinizing India's involvement in State-sponsored terrorism India s geopolitical alignment especially with the US-led West should not exempt it from accountability

Failure to hold India accountable risks exacerbating regional tensions and jeopardizing global peace and security It is imperative for the world to confront these challenges directly and uphold the principles of human rights and democracy before the situation deteriorates further

The writer is a freelance columnist

is

Uincluding experimenting with generative Al ” TikTok accounts run by a Chinese propaganda arm reportedly targeted both Democrat and Republican candidates from during the 2022 U S midterm elections There is bipartisan agreement that the videosharing app, which is owned by Chinese company ByteDance, poses a national security threat A bill that would require the company to divest from the massively popular platform which has about 170 million U S users or face a ban is expected to come to a vote in the House of Representatives this week It would require ByteDance to sell TikTok within six months or be banned from Apple, Google, and other U S app stores and web-hosting services The measure was sponsored by Republicans but has significant bipartisan supportCK President Joe Biden whose campaign recently created its own TIkTok account has told reporters: If they pass it I ll sign it "HIGH" RISK OF ESCALATION IN

THE MIDDLE EAST

The war in Gaza and the resulting humanitarian crisis has galvanized Arab countries in the region where there is rising "public sentiment against Israel and the United States for the death and destruction U S intelligence officials say in their report While it is too early to tell it is likely that the Gaza conflict will have a generational impact on terrorism," Haines told lawmakers at the hearing, which was repeatedly interrupted by antiwar protestors Inspired by Hamas terrorist groups including al Qaeda and ISIS have directed supporters to conduct attacks against Israeli and American interests as the war drags on Haines said While the report states that the U S intelligence community assesses that Iranian leaders did not orchestrate nor had foreknowledge” of Hamas’ Oct 7 assault on Israel, attacks by Iranian-backed groups are threatening to destabilize Lebanon Iraq the Gulf and the

Tand national outlets also have a trust problem Trust in all institutions keeps waning, but it is worse for the media: Only 31 percent of Americans trust it to report the news fairly and accurately Local news is more trusted with 45 percent trusting such outlets according to a 2019 Knight Foundation survey It s no wonder small business stories weather sports and community events aren t politically divisive and the reporters who work there are your neighbors and members of your community You can literally walk into a physical office and strike up a conversation with them You can’t say the same for Rachel Maddow

Today the Fourth Estate has become more Democratic Partyfriendly through attrition As smaller outlets continue shrinking and disappearing the void is filled with those concentrated in big urban metropolises Naturally journalists living in cities like New York and Washington are bound to reflect the views and interests of those around them Thus, since 2016, coverage has kept drifting toward a pro-Democratic Party consensus, with reporters content with serving as lap dogs for their political party of choice rather than a watchdog for the nation That fact is most evident on social media where conversations are hermetically sealed from most of the outside world and journalists seem content to mostly write articles for one another Rather than calling for more trustworthy institutions reflecting

Sunday 17 March 2024 COMMENT 05
S intelligence leaders warned Monday that the country faces an "increasingly fragile world order" as it navigates a range of global threats exacerbated by adversaries use of emerging technologies like AI The threat of malign actors exploiting these tools and technology to undercut U S interests and democracy is particularly potent as voters go to the polls in more than 60 elections around the globe this year " Director of National Intelligence Avril Haines told the Senate Intelligence Committee at its annual hearing on the top threats to the nation U S intelligence agencies are focused on China's efforts to manipulate the 2024 presidential election and the potential for bad actors to use AI tools to create and amplify disinformation campaigns The U S is facing "an ambitious but anxious China a confrontational Russia some regional powers such as Iran and more capable non-state actors [who] are challenging longstanding rules of the international system as well as U S primacy within it," the intelligence community said in its new 40-page unclassified report on worldwide threats The hearing represents an annual opportunity for lawmakers to publicly question the country s top intelligence chiefs In addition to Haines CIA Director William Burns, FBI Director Christopher Wray, State Assistant Secretary of State for Intelligence and Research Brett Holmgren, National Security Agency Director Gen Timothy Haugh, and the head of the Pentagon's Defense Intelligence Agency Lt Gen Jeffrey Kruse appeared before the Senate panel Here are some of the threats covered in the hearing and report CHINA MAY TARGET THE 2024 U S ELECTIONS Intelligence officials assess that China "may attempt to influence the U S elections in 2024 at some level because of its desire to sideline critics of China and magnify US societal divisions according to the report Under President Xi Jinping Chinese leaders believe it is essential to project power globally in order to be able to resist U S pressure," Haines said But she also noted that Xi's focus on boosting China’s economy may temper any election interference which would jeopardize the relationship with the U S and potentially damage China s ability to attract foreign investment TIKTOK UNDER FIRE Lawmakers from both parties raised concerns about the popular social-media app, which is mentioned briefly in the intelligence report "It uses the data of Americans to basically read your mind and predict what videos you want to see " Republican Senator Marco Rubio of Florida said The problem is the algorithm that powers it is controlled by a company in China that must do whatever the Chinese Communist Party tells them to do " In the report, U S spy chiefs note that China
sophistication
its influence activity,
demonstrating a higher degree of
in
intelligence
UKRAINE
CRITICAL
Red Sea The risk of escalation into direct interstate conflict intended or otherwise remains high the
report says U S SUPPORT FOR
IS
intelligence chiefs
the
continued
military
Ukrainians
courage
running out
ammunition,
feed doubts amongst our allies
partners
the Indo-Pacific it s going to stoke the ambition of Chinese leadership the U S spy chief said Intelligence leaders noted the challenge posed by Russia's strengthening ties with China, Iran, and North Korea, which they said was bolstering its defense production and economy "Putin's strategic goals remain unchanged " Haines told the Senate panel "He continues to see NATO enlargement and Western support for Ukraine as reinforcing his long-held belief that the United States and Europe seek to restrict Russian power and undermine him " Intelligence chiefs also warned that Moscow could "put at risk long-standing global norms in the use of asymmetric or strategically destabilizing weapons including in space and in the cyber domain Last month the White House said that Russia was pursuing a space-based anti-satellite capability that poses a serious national security concern US intelligence chief warns of world threats
As the war in Ukraine enters its third year U S
emphasized
importance of
U S
support The
are not running out of
and tenacity they re
of
Burns told lawmakers And we re running out of time to help them " If the U S is seen as walking away from support for Ukraine, “not only is that going to
and
in
rogue state is typically defined as one that is repressive internally and aggressive towards its neighbours It supports and sponsors terrorism, possesses weapons of mass destruction , and poses a threat to world peace The term has long been an essential part of the U S diplomatic lexicon American policymakers use the term to describe a group of aggressively recalcitrant authoritarian countries ruled by leaders perceived as irrational or belligerent These distinctive features are overlooked if the rogue state aligns with and serves the interests of the West India, ticking all the boxes of a rogue state remains a classic example Today India is not only governed by a fundamentalist leadership but is displaying scant regard for international law and basic human values Furthermore, it also continues to brutalise minorities and pursue military expansionism against its neighbours The Nazi-inspired regime is also the custodian of one of the world's most rapidly advancing nuclear weapons programmes India s governing Bharatiya Janata Party (BJP) led by
a second term based on hate narrative' in 2019 and an unending series of carnage of Indian minorities The recent 'Babri Masjid-Ram Temple saga' is playing politics in the run-up to the Lok Sabha elections in May this year The fascist regime appears to be exploiting this historical controversy as a strategic tool to garner electoral support and consolidate power This event represents another Indian shift from a secular state to a Hindu state At the inauguration ceremony of the new Ram Temple at Ayodhya PM Modi said the opening heralded a new era for India Moreover, Indian President Murmu stated in parliament that the building of the Ram Temple has been a dream of centuries; it is a reality now India has left no stone unturned in destabilising and carrying out terrorist activities in the region India is perpetually engaged in continuous violations of international laws India is in complete violation of Article 3 of the Universal Declaration of Human Rights (UDHR) and Article 2(4) of the International Covenant of Civil and Political Rights (ICCPR) The Indian intelligence agency RAW has become a global terrorist organisation having its terrorist activities expanded throughout the globe Pakistan,
as a victim of Indian terrorism, has been alerting
murder India didn t stop but carried out another nefarious plan, to assassinate American-based Sikh leader Gurpatwant
AfZAl
shArjeel
TIME MAGAZINE VERA BER GENGRUEN
HE public s love-hate relationship with the media has tipped toward just hate in recent years, but professional news media, especially local news, are foundational to democracy America’s constitutional framers took the media’s role as informers and educators of the public so seriously they not only carved out freedom of the press in the Bill of Rights but also subsidized the circulation of periodicals in the newborn republic a federal practice that continued until relatively recently The news business s slow death spiral should alarm us across political divides Several crises are besieging the media simultaneously: People are increasingly dropping news from their information diets, ad-dollar-reliant business models continue to dry up outlets and websites are closing and the rise of artificial intelligence threatens to put yet more pressure on human newsgathering The world isn t going to end anytime soon but mass media as we know it just might Consider the evidence: While the United States is enjoying a strong post-pandemic recovery and a surge in job growth, nearly every sector of the news media is taking a beating The industry shed 20 000 jobs last year with local news outlets hardest hit: An average of 2 5 newspapers closed each week compared to two a week in 2022 Journalism s heavy-hitters also took plenty of blows with layoffs taking place at NPR MSNBC The Washington Post Los Angeles Times, Vox, Buzzfeed, and others Vice News the once-influential, freewheeling Gen-X hipster mag that adopted a scolding “everything-is-problematic” persona once urban Millennials took over in the 2010s died an ignoble death in February Sports Illustrated seemingly omnipresent a few decades ago recently spit out poorly written pink slime articles by fake reporters created by generative AI before laying off nearly its entire staff And in a move that bitterly sums up the state of things media mogul Jimmy Finkelstein just killed The Messenger The professional messengers still standing are panicking, and with good reason Yet big journalism’s bosses and gatekeepers seem unwilling to meet the moment Last month I was a panelist at a journalism conference at Columbia University to lament the sad state of the news biz in the lead-up to the 2024 election Insiders there insisted on wagging fingers at the usual suspects: Google and Facebook for cannibalizing their content, billionaires with midlife crises who buy newspapers like they might a new Lambo and just as easily discard them, or Fox News for polluting the news ecosystem with dumbed-down and partisan-first content There is plenty of truth there but it doesn’t tell the whole story The thing killing quality journalism even if it is incredibly obvious and boring to say is in our pockets Smartphones and our endless parade of screens have flattened all news entertainment and information into the digital sludge of content to be scrolled through mindlessly, with algorithms tailored to our desires on the way to the next brief dopamine hit Those appetites rarely get satiated by nuanced coverage of the economy or a bone-dry recap of a city-council meeting As Kyle Chayka writes in the smart new book Filterworld: How Algorithms Flattened Culture the content we eat up on our devices is the equivalent of comfort food, the least ambiguous, least disruptive, and perhaps least meaningful pieces of culture that embraces nothingness, that blankets and soothes rather than challenges or surprises ” It is no coincidence that since the iPhone conquered the world attention spans are shorter literacy rates are plummeting and people pay for Netflix subscriptions over The New York Times by a rate of 25 to 1 Surely, there is still some elbow room in that metaverse for news, but it may not be the slop that most outlets are selling The dirty secret is that even as most corporate media faces an existential crisis Spotify just handed Joe Rogan a new $250 million contract and the number of paid Substack subscribers has shot up to 2 million roughly equivalent to the Washington Post s up from 1 million in 2021 As if the technological threat weren t grave enough, regional
a national consensus, too many in the mainstream are responding the same way they have since 2016: by demanding more diversity and more overtly anti-Trump rhetoric to match the combative tenor of right-wing media the equivalent of cutting off their nose to spite their face New York University journalism professor Jay Rosen for example has essentially called for news media s equivalent of martial law due to Trump s anti-democratic tendencies To fix this you would have to call a halt to regular journalism, suspend your routines, he said Can t we just call Trump a fascist liar in every headline? Other talking heads keep reflexively calling for the DEI-ing of newsrooms ad infinitum This made more sense a decade or two ago But in 2024 newsrooms that were once dominated by white males often from working- and middle-class backgrounds are now broadly racially diverse gender-neutral highly educated and upper middle class That s progress-ish But because DEI departments aren t hanging signs to say Mission Accomplished and going home, more news outlets are overcorrecting and going the way of the American Journalism Project, which now brags that it is 76 percent female and 48 percent people of color The grand DEI theory of the news we have been sold is that people of color didn t trust or feel seen by newsrooms in the past Diversify the media and those missing news consumers would come Yet the audience for hyper-woke NPR where 78 percent of all hires in 2022 were people of color is still mostly just wealthy, educated, white people As it turns out, black people prefer local newspapers to national outlets and actually trust their news more than white people The moment of the Columbia journalism conference I remember most occurred just offstage During a lunch break an older black woman a member of the public crashed the table of panelists I was sitting at to share her political musings But the author of a book called Antiracist Journalism and a DEI executive studiously ignored her Maybe it’s because she said she supported Trump for president (“Obama and Biden, I’ve met them both they didn’t do anything for us”) It s illuminating because for decades conservative partisan media accused the press of being liberal and elitist It was an exaggeration back then But now it s as if they have finally wishcasted it into existence Yet journalists and their institutions are determined to continue on their current trajectory Even if it means the death of their institutions There’s an old saying in the news business: If it bleeds it leads Ryan Zickgraf is a Compact columnist based in Atlanta COMPACT MAGAZINE r yA n Z i c k G r A f There’s an old saying in the news business: If it bleeds, it leads
y Failure to hold India
I t s b e h a v i o u r h a s d e t e r i o r a t e d u n d e r t h e B J P
Journalism’s slow death threatens democrac
accountable risks exacerbating regional tensions and jeopardizing global peace and security. It is imperative for the world to confront these challenges

IUkraine attacks Russian city and refinery on second day of presidential election

Chinese UN envoy: Security Council’s Afghanistan resolution fails to reflec t developments

mained unchanged for over two years which is clearly a disconnect with reality he added

Since its establishment in 2002 the UNAMA has, in line with the changing situation, made several adjustments to the UN secretary-general’s reporting cycle to the Security Council according to the Chinese envoy In light of the overall stabilization of the security situation in the country China proposed, during the consultations on the draft resolution, that the reporting cycle be extended as appropriate, said Geng

said Geng

“The

The draft resolution submitted by the

gives the impression that the situation (in Afghanistan) has re-

That would not prevent the Security Council from considering the Afghanistan issue whenever necessary nor would it in any way imply any weakening of support for the Afghan people he added Geng said that China s overall consideration is that actions taken by the Security Council with regard to Afghanistan should be in line with the development of the situation and the needs of the Afghan people and that China stands ready to continue its communication with all parties on relevant issues, he said

Unlocking travel: China’s visa-free move strengthens global links

comprehending it

The Ministry of Foreign and European Affairs Defense Development Cooperation and Foreign Trade of the Luxembourg Government also highly welcomes China’s new visa-free policy

Upon receiving an interview with China Media Group the ministry stated that this facilitation of travel will encourage more Luxembourg citizens to visit China and will help to strengthen people-to-people and trade exchanges between the two countries

With its steady advancement of high-level opening up as well as the proactive implementation of visa-free policies for six European countries China is sending a positive signal according to Huo Jianguo, the vice chairman of the China Society for World Trade Organization Studies Investments from Europe in China are substantial and there is a significant flow of business professionals With the introduction of the visa-free policy many convenience issues will be alleviated for these individuals, thereby facilitating further development of bilateral trade and investment between China and Europe Huo explains More travelers on their way

The number of inbound tourism bookings to China from the six countries mentioned on Thursday increased nearly twofold compared to the previous year, and about 40 percent compared to the same period in 2019 according to data from Ctrip an online travel platform Among them Switzerland Belgium and Hungary saw increases of over threefold

Since China announced its visa-free policy on March 7, the search volume for China-related keywords from these countries has increased steadily The

years and now engaging in economic and trade cooperation between the two countries a Belgian businessman finds the new visafree policy ideal for his travel needs

“I believe the visa-free policy is an excellent opportunity for Europeans,” he said “It is a perfect example of China s open-up policy a heartwarming measure that helps people go beyond understanding China to truly

A Ukrainian missile attack killed two people in western Russia and a separate drone strike set an oil refinery ablaze on Saturday the second day of an election that President Vladimir Putin has accused Kyiv of trying to disrupt The Ukraine war has cast a shadow over voting in the three-day presidential election, which is all but certain to hand Putin six more years in the Kremlin In the Belgorod region where cross-border attacks from Ukraine have become part of daily life the governor reported the deaths of a man and a woman Video obtained by Reuters showed fires ablaze and air raid sirens sounding on the empty streets of Belgorod city Dmitry Azarov, governor of the Samara region 850 km (530 miles) southeast of Moscow said the Syzran refinery was on fire but an attack on a second refinery had been thwarted Russia s Defence Ministry said it had repelled attempts by Ukrainian forces to cross the border into the Belgorod region Governor Gladkov said that, given “the current situation”, schools in much of the region would close on Monday and Tuesday, and that shopping centres in Belgorod city would be shut on Sunday and Monday Ukraine has staged repeated strikes this week on Russian soil particularly against oil refineries Russia mounted its deadliest attack in weeks on Friday when its missiles hit a residential area in Ukraine s Black Sea port city of Odesa, killing at least 20 people and wounding more than 70 Putin’s hold on power is not under threat Aged 71 and in office as president or prime minister since the last day of 1999 he dominates Russia s political landscape and none of the other three candidates on the ballot paper presents any credible challenge His leading critics are in prison or have fled abroad, prompting the opposition to call the vote a sham Russia’s best known opposition politician, Alexei Navalny died in an Arctic penal colony last month and his supporters have accused Putin of having him killed The Kremlin denied that and his death certificate said he died of natural causes High turnout in some regions The Kremlin is hoping for a high turnout to demonstrate that the country is united behind Putin Overall turnout had topped 40% by the afternoon of day two Some of the highest rates – approaching 70% – were reported in the Belgorod region where the missile strike occurred and in Russian-controlled regions of Ukraine where Kyiv says voting is illegal and void Russia’s governing party, United Russia, said on Saturday that it was facing a widespread denial of service attack – a form of cyberattack aimed at paralysing web traffic – and had suspended nonessential services to repel it

China,

Angola

upgrade ties as presidents hold talks

Chinese President Xi Jinping held talks with Angolan President Joao Lourenco in Beijing on Friday when the two heads of state announced the elevation of bilateral relations to a comprehensive strategic cooperative partnership Analysts hailed the upgrade of bilateral relations, saying it would further boost China-Angola cooperation, especially in trade and business, and also inject new impetus into ChinaAfrica cooperation this year While meeting with President Lourenco on Friday President Xi noted that China and Angola jointly celebrated the 40th anniversary of the establishment of diplomatic relations last year and relations between the two countries have stood the test of international vicissitudes and benefitted the two peoples China supports Angola in safeguarding its national sovereignty security and development interests exploring a modernization path suited to its national conditions and realizing national development and revitalization he said China is also willing to strengthen exchanges of governance experience with Angola, upgrade bilateral strategic relations, and jointly promote the modernization process of each country, Xi noted President Lourenco said that the friendly relations between the two countries have maintained a high level of development and China s support and cooperation have greatly promoted Angola s infrastructure construction and economic and social development, setting an example of mutually beneficial cooperation

S d y 17 M h 2024 | ISLAMABAD 06 NEWS
N I T O R I N G R E P O R T
MOSCOW M O
S TA F F C O R R E S P O N D E N T
BEIJING
JERUSALEM A G E N C I E S
S R A E L I Prime Minister Benjamin Netanyahu approved Friday an Israel Defense Forces (IDF) operation plan in the southern Gazan city of Rafah and rejected Hamas demands for the release of hostages in exchange for Palestinian prisoners said Netanyahu’s office In a statement issued following a war cabinet meeting Netanyahu said the demands of Hamas are still absurd He noted Israel will still send delegates to Qatar, a main regional mediator in the ongoing Gaza conflict, to continue the truce efforts “once the security cabinet discusses the Israeli position Israel s decision comes despite widespread warnings from the international community to avoid more incursions into Rafah, where about 1 5 million Palestinian refugees have been seeking shelter since the onset of the Israel-Hamas conflict on October 7 2023
response to Israel s decision to carry out a military operation in Rafah the Palestinian presidency issued a statement on Friday, calling on the international community to prevent “dangerous aggression,” which will exacerbate the suffering of the Palestinian people in the Gaza Strip It reiterated Palestine s rejection of any displacement of people in Gaza saying this is a red line The Palestinian death toll in the Gaza Strip from ongoing Israeli attacks has risen to 31 490 the Hamas-run Health Ministry said in a press statement on Friday During the past 24 hours, the Israeli army killed 149 Palestinians and wounded 300 others in the coastal enclave, bringing the total death toll to 31,490 and injuries to 73 439 since the outbreak of the conflict on October 7 2023 it said One step away from famine The Palestinian Ministry of National Economy on Friday condemned Israel for using starvation as a weapon in its war in the Gaza Strip “The right to access food and medicine as guaranteed by international laws has no value to the Israeli government in light of the international community s failure to fulfill its legal and moral responsibilities in delivering humanitarian aid to the Gaza Strip the ministry said in a statement on the occasion of the World Consumer Rights Day observed annually on March 15 It highlighted the sharp and unprecedented 111 percent rise in the cost of living in the Gaza Strip as a result of the prolonged conflict On February 27 United Nations officials alerted the Security Council to the imminent famine in the Gaza Strip stressing the urgent need for action to prevent a humanitarian disaster in the Palestinian territory At least 576 000 people in Gaza or about one-quarter of the population are one step away from famine said Ramesh Rajasingham director of coordination at the Office for the Coordination of Humanitarian Affairs The first ship bringing aid by sea, the Open Arms arrived off the coast of Gaza on Friday Israel said 130 pallets of humanitarian equipment and 115 tonnes of food and water including rice flour lentils tuna and canned meat, were offloaded to the World Central Kitchen charity s trucks for distribution after security checks Fire at aid distribution point The Israeli military said Friday that armed Palestinians shot civilians near an aid distribution point in northern Gaza on Thursday rejecting claims that the Israeli soldiers were responsible for the incident The Hamas-run Health Ministry accused the Israeli army of opening fire at the crowd waiting to obtain aid in Gaza City on Thursday The Israeli gunfire killed at least 20 people and wounded 155 others at the Kuwait Roundabout east of the city, said the ministry An intensive preliminary review conducted overnight by the IDF found that the IDF did not open fire at the aid convoy in Kuwait Square ” the military said in a statement adding that no tank fire air strike or gunfire was carried out toward the Gazan civilians at the aid convoy Armed Palestinians opened fire while Gazan civilians were awaiting the arrival of the aid convoy,” read the statement “When aid trucks were entering the gunmen continued to shoot as the crowd began looting the trucks Additionally a number of Gazan civilians were run over by the trucks, it added The military said it was still reviewing the incident NETANYAHU APPROVES RAFAH OPERATION, REJECTS HAMAS HOSTAGE EXCHANGE DEMAND Israel troops killed 20 Gazans seeking aid: Hamas GAZA A G E N C I E S Gaza s Hamas-run health ministry said on Friday that Israeli fire killed 20 people and wounded 155 waiting to receive desperately needed aid in the besieged territory but Israel said the reports were erroneous With the United Nations warning of a looming famine in Gaza besieged by Israel after the October 7 attack by Hamas militants a Spanish aid ship sailed closer to the Gaza coast opening a maritime corridor from Cyprus Efforts to get food and other aid into Gaza have grown including by air and sea but fighting rages on after mediators failed to reach a truce for the Muslim holy month of Ramadan The health ministry in Gaza accused Israeli troops of opening fire from tanks and helicopters as Palestinians gathered at a roundabout in Gaza City in the north, revising upward an initial toll of 11 killed and 100 wounded Mohammed Ghurab, director of emergency services at a hospital in northern Gaza told reporters there were direct shots by the occupation forces on people waiting for a food truck BEIJING S TA F F C O R R E S P O N D E N T As the flight from the Netherlands smoothly touched down at Xiamen Gaoqi International Airport in east China’s Fujian Province on Thursday, several foreign passengers on board became the first group to benefit from China s new visa-free policy China extended its visa-free policy to six more countries, including Switzerland, Ireland, Hungary, Austria, Belgium and Luxembourg, starting on Thursday Citizens with ordinary passports from the six European countries are allowed to stay in China for business sightseeing visiting families and friends as well as transit for no more than 15 days between the period of March 14, 2024, to November 30, 2024 Upon transferring from the Netherlands some foreign travelers from countries such as Switzerland and Ireland only needed to present their passports and arrival cards at the immigration inspection hall Their visas didn t have to be checked The procedure for clearing customs was completed within three minutes after they passed through border control smoothly Robert a Dutch passenger on the flight explained that he frequently visits Xiamen for business purposes Compared with the previous requirement to obtain a visa in advance, this time he was able to save about two weeks of waiting time which he found extremely convenient Since the ChinaThailand reciprocal visa-free agreement went into effect on March 1 China s visa-free countries have been expanded yet again Growing pace of openness Having shuttled between China and Europe for over 25
In
number of searches for hotel-related keywords has increased by more than triple over the past year the Ctrip data shows Ctrip Group s general manager of public affairs, Qin Jing, believes that the continued expansion of visa-free access and recent efforts made by various departments in the country to continue optimizing payment services in the country for foreigners will push inbound tourism
UNITED NATIONS S TA F F C O R R E S P O N D E N T China voted in favor of the draft resolution to extend the mandate of the UN Assistance Mission in Afghanistan (UNAMA) but the positive vote was based on China s support for the work of the United Nations and Special Representative Roza Otunbayeva, said Geng Shuang, China s deputy permanent representative to the United Nations At the same time China regrets that the draft resolution failed to reflect the latest developments in Afghanistan by keeping pace with the times he said in an explanation of the vote Two and a half years after the withdrawal of foreign troops, Afghanistan’s overall domestic situation is stable, with
still
humanitarian
improvements in both the economy and people s livelihoods and a sustained expansion of regional cooperation However it
faces severe challenges in the
situation, economic development, and terrorism,
its
the Afghan interim government to ensure humanitarian assistance on the one hand and provide more help in mine clearing alternative crop cultivation restoring the banking system, unfreezing of overall assets, and safeguarding the rights and interests of the entire population on the other ” he
international community should strengthen
engagement with
said
penholder

GA Z A TRANSFORMED INTO WORLD'S MOST OPPRESSIVE PRISON: SIRA J

Al-Quds Day on the last Friday of Ramadan

He said that Hamas's leader had penned a letter to the Prime

of

Zong 4G and JS Z indigi par tner to facilitate users with banking-as-a-ser vice integration in My Zong App

BoK posts record profit for year ended 31st Dec 2023

Par ticipation of Pakistan Embassy in Minsk International Book Fair

The Return of RENO vator:

OPPO unveils Reno11 S eries with Fawad K han

L

Mashreq reinforces presence in Pakistan through key leadership appointments

Unboxing

DR

Recently concluded

and martyrs’ memorials defiled, and also Lasbela helicopter crash said that the PTI has remained involved in disrespecting the martyrs He paid tribute to the martyrs on behalf of the entire nation which saluted them for their unforgettable” sacrifices The minister said there is no soft corner in the hearts of the people for those who had disrespected its martyrs We will not compromise on the dignity and honor of the martyrs and the law will take its course Such vile campaigns against martyrs and national institutions laid bare the reasons of foreign funding being received by the PTI

he said alleging that such initiatives were meant to appease the terrorists and enemies of Pakistan

Attaullah Tarar said the PTI had sided with the terrorists which was reflected from such a condemnable and insulting behavior and that too against the martyrs of the nation The minister recalled the recent protest by the PTI supporters outside the IMF office abroad to destabilize the economy

The PTI had nothing to do with the interests of Pakistan and the sacrifices of martyrs Tarar noted Strict legal action would be taken against a handful of miscreants who were not part of a political party instead they were mere “rioters and militants”

Bank Alfalah inaugurates flagship Islamic Premier Branch with all-in- one integrated banking

07 neWS Sunday 17 March 2024 SLAMABAD Kidnappers kill two people for ransom non-payment ROJHAN: Kidnappers killed two people over non-payment of ransom money in Kacha area of Rojhan district Rajanpur on Saturday According to details the kidnappers and criminals had abducted Ahsan Farooq Rajpoot and Shehzad Ahmed few days earlier from Bangla Iccha police station jurisdiction The abductors had demand of the heirs to heavy sum of money for release of the two abducted people Over failure to pay ransom money the kidnappers shot dead both Ahsan Farooq and Shehzad Ahmed S TA F F R E P O R T CORPORATE CORNER LAHORE S TA F F R E P O R T
M E E R Jamaat-e-Islami (JI) Sirajul Haq has said that Gaza has transformed into the world's most oppressive prison, with the city ablaze from artillery fire and its inhabitants succumbing to hunger and disease Talking to media person after the inauguration of a fundraiser for Gaza here on Saturday he said that over the past five months, 32,000 Palestinians, including 11,000 children, have fallen victim to Israeli bombings, with 38,000 missing and 77,000 injured Sirajul Haq emphasized that Palestinians are counting on Pakistan to intervene and save Gaza urging the nation to initiate a complete boycott of Israeli products In solidarity with the Palestinian people, he announced that the entire country will observe
A
for the people of Palestine while condemning the impunity granted to Zionists by global leaders He highlighted the presence of AlKhidmat Foundation's leadership in Egypt engaged in relief efforts and reaffirmed Jamaat-e-Islami s commitment to advocating for the rights of Palestinians Regarding domestic affairs he remarked that all parties except Jamaat-eIslami are currently part of the government urging the ruling factions to fulfill their electoral promises and alleviate the populace's suffering He called for the initiation of measures such as providing free electricity up to 300 units, cautioning against expecting relief from a government tainted by electoral fraud and reliant on IMF aid which would only exacerbate inflation due to additional conditions imposed by international financial institutions Sirajul Haq criticized the ruling elite for perpetuating VIP culture and maintaining their privileges at the expense of the public vowing Jamaat-e-Islami s staunch opposition to burden mansses on IMF conditions, inflation, and additional taxation He pledged to continue championing the people's rights through demonstrations and protests, emphasizing the imperative of fair and transparent elections good governance justice and adherence to the rule of law
Minister
Pakistan urging Islamabad to play a pivotal role in ending the conflict in Gaza given its status as a key player in the Islamic world Despite today marking the sixth day of Ramadan in the Arab world, the JI chief lamented that Israel persists in relentless bombing campaigns, even targeting camps set up by humanitarian organizations in Gaza He criticized the silence of the rulers of 58 Islamic countries in the face of such atrocities noting the global community s shared anguish
BPA pivotal for business growth: Zeeshan K A R A C H I: BitAffix, a leading innovator in the technology landscape, highlighted the strategic importation of Business Process Automation (BPA) and its pivotal role in fostering business growth Zeeshan Bukhari Co-founder of BitAffix elucidated on the symbiotic relationship between BPA, Artificial Intelligence (AI), and innovation at Digital Transformation with AI-Driven Automation” at a local hotel in Karachi the last month He through his presentation at the event which was attended by over 200 top-tier IT professionals in Karachi emphasized on the collective impact of BPA AI and innovation on elevating operational efficiency and driving success of businesses In an era where technological advancements shape the future of industries, BitAffix stands as a trailblazer, spearheading innovative applications of AI ” said Bukhari PR S urge in illicit cheap cigarettes threatens public health and economy, warrants urgent govt ac tion Amidst growing concerns over the proliferation of cheap illicit cigarettes, recent data from the largescale manufacturing sector has revealed a stark reality: the formal sector compliant with regulations witnessed a staggering drop of over 50 percent in production volume in 2023 while the informal sector resistant to or evading regulations continued to thrive The latest figures indicate a troubling trend: the monthly production of legal cigarettes plummeted from 4 9 billion sticks in January 2023 to a mere 2 4 billion sticks by December 2023 Concurrently the market share of illicit cigarettes surged from 33 percent to 44 percent within the same period This shift has been attributed to the economic disparity caused by the increased prices of legal cigarettes, rendering them less competitive and consequently driving consumers towards cheaper, untaxed alternatives PR
A H O R E: OPPO the leading global smart device brand renowned for its innovation and premium offerings is thrilled to announce the return of the RENOvator with the highly anticipated OPPO Reno11 series After a three-year hiatus the RENOvator makes a triumphant comeback promising a new era of innovation and excellence in the smartphone industry At the heart of this exciting relaunch is the partnership with the illustrious actor and icon, Fawad Khan, who returns as the face of innovation for OPPO Fawad, who captivated audiences in the brand's previous campaigns now lends his charisma and talent once again to the OPPO family His return symbolizes a reunion of two icons in the pursuit of pushing boundaries and setting new standards of extraordinary achievement The OPPO Reno series has always been synonymous with premium craftsmanship and cutting-edge technology With the Reno11 series OPPO raises the bar even higher delivering a blend of sophistication innovation and performance that caters to the discerning tastes of consumers PR Munawar Khalil, Group Head - Direct Sales and Alternative Distribution Channels, Jubilee Life Insurance presenting the Safe Hand of the Match Award to Faheem Ashraf after the match between Islamabad United and Quetta Gladiators PR
K: The Embassy of Pakistan is delighted to participate in the 31st Min FCsk International Book Fair, an event renowned for celebrating literary diversity and fostering cultural exchanges The Belarusian Minister of Information opened the fair with a message of greetings from the Belarusian President emphasizing the fair s role in promoting literary excellence across nations The Ambassador of Pakistan to Belarus
Haider Khan
Information
Belarus
Pakistan stand
on Pakistan’s participation in this import fair and highlighted Pakistan's vibrant literary heritage He also presented a book Colours of Pakistan to the Information Minister underscoring the depth and beauty of Pakistan s landscape and culture The Embassy of Pakistan takes pride in contributing to the fair s objectives, offering insights into Pakistan's literary contributions alongside those from Belarus and the global community PR
M I N S
Sajjad
received the
Minister of
at the
established by the Embassy The Ambassador briefed the Minister
The Board of Directors of Bank of Khyber (BoK) held their 188th meeting on March 7th 2024 in Islamabad to review and approve the financial results for the year ended December 31 2023 The meeting was chaired by Mr Syed Imtiaz Hussain Shah, Additional Chief Secretary, Government of Khyber Pakhtunkhwa, and Chairman BOK Board of Directors The Bank posted historical profits during FY-2023 whereby profit before tax amounted to Rs 6 702 million as against Rs 920 million last year while profit after tax was Rs 3 481 million as compared to Rs 455 million during FY2022 The major components of this substantial increase in profitability were the increase registered in both Mark-up / Interest income as well as nonmark-up/interest income during the year The total assets of the Bank stood at Rs 383 186 million as of December 31 2023 wherein investments (net) amounted to Rs 223 348 million and advances (net) stood at Rs 101 588 million PR
ser vices K A R A C H I: Bank Alfalah the leading commercial Bank in Pakistan proudly announced the inauguration of its flagship Islamic Premier branch located on the ground floor of Dolmen Sky Tower in Clifton Karachi The branch represents a significant milestone in the Bank s commitment to providing innovative and customer-centric banking convenience This digitally enabled Islamic Premier Branch as it is one-of-its-kind an all-in-one integrated banking and lifestyle experience which includes shopping mart on easy instalments, roundthe-clock digital lobby and Islamic financial wealth management solution Bank Alfalah Islamic Premier has raised the bar in customer experience by featuring a wide array of exclusive services The digitally enabled Islamic Premier branch reflects a commitment to providing lifestyle banking solutions and enhancing convenience and accessibility through PR ISLAMABAD S TA F F R E P O R T Federal Minister for Information and Broadcasting Attaullah Tarar on Saturday paid rich tribute to all seven martyrs of Mir Ali including Lieutenant Colonel Syed Kashif Ali and Captain Muhammad Ahmed Badar while strongly condemning the Pakistan Tehreek-e-Insaf (PTI) for its “malicious campaign” through its some social media accounts In a strong reaction to the PTI s alleged malicious campaign against the martyrs he said Terrorists have attacked on the ground while PTI supporters did that on social media front ” In a statement issued here At-
Tarar while citing some examples such as May 9 when the state institutions came under attack
taullah
P T I ’s ‘m a l i c i o u s c a m p a i g n’ a g a i n s t M i r A l i ’s m a r t y r s c o n d e m n a b l e : Ta r a r
MEHMOOD UL HASSAN KHAN
China
Sessions
its economic, social, political and geostrategic DNA which further boosted confidence of regional as well as world markets and economies Actually announcement of China s GDP up to 5 percent implementation of new productive forces, further structural reforms to attract more and more foreign direct investments, modernization, further opening-up institutional of AI Plus rectification of real estate market small banks and financial institutes and strong regulatory mechanism for stock exchange has further enhanced multinational companies operating in China It seems that further expansion of private sector, market access in more areas such as manufacturing and services sectors and improvement in the business environment has given good message to multinational companies in China All are also upbeat about China s overall economic strategy, with focus on high-quality development Frankly speaking 2 Sessions have successfully rebuttal the smearing campaign of Western policy makers and media outlets aimed at discrediting the Chinese economy as well as their ill-conceived attempts to decouple from and contain China s development Interestingly, Airbus spells out an overall positive outlook for China s economy in 2024 mainly for the high quality development of the scientific and manufacturing sectors It rightly termed persuasions of productive forces focusing on domestic consumption international trade and foreign investment as appropriate steps creating an optimized business environment and stabilized supply chain, showing positive signals for foreign companies On the other hand French multinational software company Dassault Systèmes mentioned that China s steady opening-up role in the global industrial supply and innovation chains have offered new opportunities for multinationals Resultantly, Dassault Systèmes is more confident and determined than ever in investing in the Chinese market The famous German Bayer has been increasing investments in China The company inaugurated an Open Innovation Center in Yizhuang Beijing’s Daxing district established the Beijing plant of Bayer Radiology and started construction for a new supply center in Hangzhou, East China s Zhejiang Province during 2023 vividly reflecting high margins of profitability Moreover, the French multinational firm Schneider Electric has also been stepping up investment in the Chinese market In 2023 alone the company established world-class research and development (R&D) institutions in China, including DP China Hub, China Automation R&D Center, Secure Power Innovation Lab and AI Innovation Lab It seems that more and more multinationals are expanding their operations in China as the Chinese economy continues to recover and greater efforts are being taken to attract investments 4,588 new foreign-invested firms were established across the country, up 74 4 percent year-on-year in January 2024 It is encouraging that FDI in the high-tech manufacturing sector soared 40 6 percent year on year in January 2024 In summary the US and the EU have been applying economic protectionism to pressure China in its ill intention to contain China s economic development Many multinational companies have voiced firm support for multilateralism, free trade and mutually beneficial cooperation Airbus supports multilateralism and free trade and advocates win-win cooperation FDI into China will likely increase in 2024 as the country takes greater efforts to attract foreign investment Hopefully, China will maintain its positive attitude towards foreign companies with the further opening up of the economy and optimization of the business environment It is suggested that the Chinese policy makers should provide more access to more services sectors such as healthcare, elderly care, financial and telecommunications The author is Executive Director of The Center for South & International Studies (CSAIS) Islamabad
s annual 2
has unboxed
and World’s Confidence Zahid Barki Group Head - Risk Management Compliance and Quality Assurance, Jubilee Life Insurance presenting the Safe Hand of the Match Award to Mehran Mumtaz after the match between Multan Sultans and Peshawar Zalmi PR
of Two Sessions
K A R A C H I: Zong 4G, Pakistan’s leading mobile network operator and JS Zindigi a leading digital financial services provider announced a lucrative partnership to offer Banking-as-a-Service (BaaS) within the My Zong App (MZA) The signing ceremony took place on March 13th, 2024, at Zong 4G headquarters, signed by CFO Zong 4G Mr Huang Zhidong and CEO JS Zindigi Mr Numan Azhar JS Zindigi is a digital financial services provider in Pakistan offering a comprehensive suite of mobile wallet solutions and digital banking services Based on a dedicated team empowered by the latest technology, upholding the highest ethical standards seeking to create value for their stakeholders and a responsible contribution to society PR
K A R A C H I: Mashreq Pakistan, a part of Mashreq which is the leading financial institution in the MENA region has today announced key leadership appointments within its executive team Atif Saeed Dar will assume the position of Chief Financial Officer Khurram Abid has been designated as Chief Information Officer, and Shahzad Khokhar will fulfill the role of Head of Islamic Banking S TA F F R E P O R T

I M R A N G R E E N L I G H T S C O O P E R AT I O N O F K P G O V T W I T H C E N T R E , S E C U R I T Y A G E N C I E S

Fin light of today s deadly attack in North Waziristan Imran Khan expressed regret over the incident and directed Chief Minister Gandapur to take all necessary measures to enhance the security situation in K-P He emphasised the importance of cooperation with security agencies in this endeavor In addition to security matters, the discussion also touched upon the restoration of health cards and the Ramazan package in K-P Imran Khan expressed satisfaction with the progress made in these areas reflecting his commitment to the welfare of the province s residents

hails UNGA’s

ISLAMABAD S TA F F R E P O R T

The Foreign Office (FO) on Saturday hailed the adoption of a Pakistan-sponsored resolution by the UN General Assembly (UNGA) on measures to combat Islamophobia Titled Measures to Combat Islamophobia , the FO said the resolution was presented by Pakistan on behalf of the Organisation of Islamic Cooperation (OIC) as a follow-up of the General Assembly Resolution

76/254 which designated March 15 as the International Day to combat Islamophobia, and passed by an overwhelming majority of 115

combating Islamophobia P T I h a s n o t h i n g to d o w i t h p ro te s t o u t s i d e I M F o ffi c e : G o h a r

RAWALPINDI S TA F F R E P O R T

Pakistan Tehreek-e-Insaf (PTI)

Chairman Barrister Gohar Ali Khan on Saturday categorically declared that PTI had nothing to do with a demonstration staged outside the International Monetary Fund (IMF) office, asserting there was no directive to prevent aid to Pakistan in the letter to the IMF

Speaking to the press outside Adiala Jail Barrister Gohar clarified that while a protest did occur outside the IMF office abroad, there was no directive to prevent aid to Pakistan in the letter to the IMF “Instead, the focus was on ensuring clean and transparent elections he added

votes to 44 abstentions India and Israel abstained while China, the United States and Russia voted in favour

“The General Assembly has condemned the incitement to discrimination hostility or violence against Muslims as manifested in the increasing number of incidents of desecration of the Holy Quran, attacks on mosques, sites and shrines and other acts of religious intolerance negative stereotyping hatred and violence against Muslims the FO said

The General assembly has also called upon the member states to take legislative and policy meas-

ures to combat religious intolerance, negative stereotyping, hatred, incitement to violence and violence against Muslims ” It also welcomed the appointment of a UN special envoy to combat Islamophobia saying the historic appointment would be the first of its kind, exclusively dedicated to combating the scourge of Islamophobia” The FO pointed out that the adoption of the resolution came at a critical time amidst rising Islamophobia as manifested by an increasing number of incidents of discrimination, violence, and incitement against Muslims around the world

RAWALPINDI: Former prime minister and the founder of Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Saturday shared insights on various pressing issues ranging from the recent protests outside the IMF office to the state of the country s economy and political landscape Addressing the protest staged in front of the IMF office abroad, Khan acknowledged its legitimacy but disclaimed any awareness of anti-army sloganeering that might have transpired during the demonstration PTI Chairman Barrister Gohar Ali Khan on the other hand asserted that PTI had no involvement in orchestrating a demonstration outside the International Monetary Fund office The statements were made amidst accusations of attempting to disrupt the bailout package negotiations with the newly-formed government of Prime Minister Shehbaz Sharif Turning his attention to electoral matters, Khan underscored the need for an audit of the election results emphasising discrepancies in the vote count He highlighted PTI’s significant share of 30 million votes compared to the cumulative tally of 17 opposing parties advocating for transparency and accountability in the electoral process Commenting on recent political developments, Khan expressed concern over Khyber-Pakhtunkhwa Chief Minister Ali Amin Gandapur s meeting with Prime Minister Shehbaz Sharif, cautioning against potential repercussions for the region He said Gandapur should not have taken pictures with Shahbaz “I am afraid that the federal government will not release the fund for Khyber-Pakhtunkhwa he remarked Discussing the state of the economy Khan issued a stark warning asserting that the country s economic trajectory was heading towards a downward spiral He called for urgent and stringent reforms, criticising the incumbent government s perceived inability to address pressing economic challenges S TA F F R E P O R T

our party’s women adding that after the election Palestine will not be allowed in National Assembly adding that this is a misunderstanding which may have happened due to the noise in the house On the resolution on Women’s Day, he said women who are enduring prosecution should also be highlighted Gohar said we are trying to strengthen the faith in democracy and ensure that money is not spent in the Senate election He further said that the secrecy of the vote in the Senate election should be maintained and that the ECP should oversee the procedure for verifying this vote

thumbs-up to PTI’s

and Azam Swati, Jamiat Ulema-e-Islam-Fazl s (JUI-F) Talha Mehmood, and Dilawar Mohmand have already submitted their nomination papers in connection with the Senate elections The electoral process will see 143 members of the provincial assembly exercising their voting rights on the designated date

Moreover Sanam Javed will contest Senate elections as the party s candidate for the women s seat while Dr Yasmin Rashid will be a candidate for the technocrat seat in the Senate elections from Punjab The electoral watchdog is set to hold the Senate election next month to fill the 48 seats fell vacant upon the expiration of the 6-year term of the incumbent senators last week

A zma Bukhari highlights Ramazan package progress, steps to check price hike

LAHORE S TA F F R E P O R T Punjab Information Minister Azma Bukhari said on Saturday that for the first time in the country s history a step had been taken to provide Ramazan hampers at doorstep of more than 6 4 million families in Punjab Addressing a press conference along with Punjab Food Minister Bilal Yaseen here at DGPR, she said that flour, sugar, rice, gram flour and ghee were included in Ramazan hampers She said that the Nigheban Ramazan package and model bazaars were running simultaneously to facilitate the maximum number of people She said model bazaars had been set up in 15 districts of Punjab where model bazaars were not set up previously, adding that agriculture fair price shops had been established in 25 districts of Punjab Azma Bukhari said that essential items were available in these model bazaars at 25 percent less rate than the open market She said that price control magistrates were discharging their duties in field after getting training and they were being monitored through a dashboard Punjab Food Minister Bilal Yaseen said that there was no single complaint related to the quality of items included in Ramazan hampers He said that vendors which were engaged by the district governments had been clearly told that if there was any complaint related to the quality of items action would be taken against them as per law He said that by today 50 percent target of distribution of Ramazan hampers had been completed and the remaining would be completed by the end of the holy month Bilal Yaseen said that before the start of Ramazan onion was selling at Rs 350 per kg and today it was available at Rs 250 per kg and in the coming days it would further reduce to Rs 200 per kg ISLAMABAD S TA F F R E P O R T Amnesty International along with a coalition of human rights activists and civil society organisations on Saturday called for the immediate restoration of social media platform X (formerly Twitter) blocked in Pakistan since February 17 X has been inaccessible since former Rawalpindi commissioner Liaquat Chattha resigned over what he said was alleged “election rigging” in the Rawalpindi division The platform ban came after the blockage of mobile phone services on election day – February 8 The arbitrary blocking of platforms, including the prolonged and unannounced disruption of “X” (formerly known as Twitter) since 17 February 2024, is a sobering illustration of growing digital censorship in the country said the statement The international non-governmental human rights organisation s statement highlighted the detrimental impact of internet shutdowns and social media platform blocking on political discourse and the free flow of information particularly in the lead-up to and following crucial electoral processes Such actions not only silence diverse political voices but also create an environment which contributes to the spread of misinformation The Amnesty International statement comes amidst mounting concerns over the erosion of freedom of expression and access to information in the country The human rights organisation also criticised the complete silence of the Pakistan Telecommunication Authority (PTA) and termed it extremely alarming as the authority failed to furnish any reasons for the ban and exceeded its mandate to block an entire internet platform” “The absence of transparency in the decision-making processes surrounding network shutdowns and platform blocking and complete disregard for any accountability has resulted in an obvious erosion of trust between the state and its citizens, added the statement Elaborating on the concerns, the organisation said the reported throttling of Virtual Private Networks (VPNs) further impedes people’s access to information and infringes upon their right to privacy Amnesty International and its partners called for immediate action to reverse the course of digital censorship in Pakistan Specifically, Amnesty International urged the government to unblock X, repeal censorship-enabling laws such as Section 37 of The Prevention of Electronic Crime Act(PECA) and act transparently on decisions impacting internet usage for political and economic purposes Additionally, the human rights organisation and other signatories of the statement demanded a clarification outlining the legal basis for recent platform blockages and a commitment to upholding Pakistan’s international obligations to freedom of expression and access to information The incoming government regulators and public bodies were implored to recognise the enduring impact of actions that restrict the flow of information and impede citizens’ ability to express themselves particularly concerning political participation Pakistan entered on Saturday its fourth week of nationwide disruption to social media platform X, with activists waging a court battle to get it restored A m n e s t y I n t e r n a t i o n a l u r g e s ‘ i m m e d i a t e ’ r e s t o r a t i o n o f X i n Pa k i s t a n

Published by Asad Nizami at Plot # 7, Al-Baber Centre, F/8 Markaz, Islamabad, for PT Print (Pvt) Limited Ph: 051-2204545 Email: newsroom@pakistantoday com pk 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 5:15 6:10 1 30 5:00 6:14 8:00 Sunday 17 March 2024 NEWS Bahrain National Guard Commander meets Army Chief Asim Munir RAWALPINDI S TA F F R E P O R T General Shaikh Mohamed bin Isa bin Salman AIKhalifa Commander of the National Guard of the Kingdom of Bahrain called on General Syed Asim Munir, Chief of Army Staff (COAS) at General Head Quarters (GHQ) According to the Inter-Services Public relations (ISPR) the meeting focused on strengthening bilateral military cooperation Both leaders discussed matters of mutual interest including regional security dynamics counter-terrorism efforts and training exchanges COAS said that Pakistan values its traditionally strong defence, diplomatic and economic relations with Kingdom of Bahrain and underscored Pakistan’s commitment to enhancing military ties with Bahrain Army Chief emphasized upon the importance of collaboration in addressing shared security challenges and promoting peace and stability in the region The visiting dignitary commended Pakistan for its efforts in combating terrorism and extremism and acknowledged the professionalism and dedication of Pakistan Army He reaffirmed Bahrain’s commitment to deepening cooperation with Pakistan in defence and security domains
ISLAMABAD S TA F F R E P O R T Journalist Asad Ali Toor was released from Adiala Jail on Saturday after the trial court approved his bail in a case of social media campaign against the judiciary Special Judge Central Humayun Dilawar conducted the hearing of the case today The petitioner Toor was represented by Advocates Imaan Mazari-Hazir and Hadi Ali Chatha The investigation officer of the case and FIA prosecutor Ashfaq Hussain Shah were also present in court with the relevant case records In January the caretaker government had established a joint investigation team (JIT) to probe an alleged social media campaign against the judiciary following the Supreme Court s ruling that stripped PTI party of its bat symbol This investigation led to Toor s questioning of by Federal Investigation Agency (FIA) officials for nearly eight hours on February 23, despite previous assurances to the Supreme Court that no action would be taken against journalists before the general elections Toor was later arrested on Feb 26 and faced charges under the Prevention of Electronic Crimes Act for allegedly launching a malicious campaign against state institutions, leading to his being remanded into custody and eventually to jail As the case developed the Islamabad High Court intervened ordering an expedited bail hearing for Toor which had been postponed to March 18 due to the investigating officer s illness This legal drama unfolded amid calls from the Committee to Protect Journalists (CPJ) for Toor s immediate release and an end to his harassment, highlighting concerns over freedom of expression and the press in Pakistan ISLAMABAD S TA F F R E P O R T
Asad Toor released from Adiala Jail after securing bail
O R M E R prime minister and founder of Pakistan Tehreek-eInsaf (PTI) Imran Khan has issued directives to Khyber-Pakhtunkhwa (K-P) Chief Minister Ali Amin Gandapur to actively engage in discussions on federal platforms, including the SIFC, and to collaborate with security agencies to uphold provincial rights The instructions were conveyed during a crucial meeting between Chief Minister Gandapur and Imran Khan at Adiala Jail on Saturday Information Advisor to Khyber-Pakhtunkhwa, Barrister Muhammad Ali Saif, shared details of the meeting with the media, highlighting its significance in addressing key political issues According to Barrister Saif Chief Minister Gandapur sought guidance from Imran Khan on various political matters, particularly concerning the upcoming Senate elections The PTI founder was reportedly consulted on the selection of candidates from KhyberPakhtunkhwa, and his approval was sought for the proposed nominees Furthermore, Gandapur provided Khan with a comprehensive briefing on his recent meeting with Prime Minister Shehbaz Sharif during which discussions regarding provincial rights took center stage Khan emphasised the importance of continued efforts in this regard and instructed the K-P CM to actively participate in discussions on federal platforms such as the SIFC The meeting also addressed concerns regarding peace and security in the province particularly
This statement was made amidst accusations of attempting to disrupt the bailout package negotiations with the newly-formed government of Prime Minister Shehbaz Sharif Gohar further addressed concerns surrounding PTI s representation in the Senate elections stating that the party had finalised its candidates for the upcoming elections from Khyber-Pakhtunkhwa, Punjab, and Islamabad He highlighted the ongoing legal battles particularly referencing the 190 million pounds reference being heard and the interpretation of Article 51, expressing hope for a favourable outcome “We had expressed this apprehension before the Chief Justice of Pakistan that if the ‘bat’ symbol was taken away then reserved seats would become an issue Our 80 reserved seats which have been taken from us is the main issue, he said, adding that we hope the Supreme Court will decide the matter in our favour Gohar said that the Election Commission of Pakistan (ECP) did not scrutinise the reserved seats for we were forced to join another political party He claimed that the chairman of PTINazriati was picked up and threatened against supporting PTI The PTI chairman said that we had to join any political party for two purposes adding that it is clear in the Constitution that no political party can get more reserved seats than the seats won He said the decision to join Sunni Ittehad Council (SIC) was the best considering the circumstances at that time He said that Asad Qaiser never said that the resolution in favour of
FO
adoption of Pakistan-sponsored resolution on
ISLAMABAD S TA F F R E P O R T Pakistan Tehreek-e-Insaf (PTI) on Saturday finalized a list of the party candidates from KhyberPakhtunkhwa (KP) and Punjab for the upcoming Senate elections while the Election Commission of Pakistan (ECP) announced the schedule for the elections to 11 vacant Senate seats from KhyberPakhtunkhwa (KP) on April 2 According to the ECP the 11 Senate seats from KP comprise seven general two technocrat and two women seats The officials said that a total of 89 candidates have collected nomination papers from the provincial election commission to contest in the upcoming senate elections Among these 67 candidates are competing for the seven general seats 14 for the two women seats and 8 for the two technocrat seats Prominent lawmakers of Pakistan Tehreek-e-Insaf (PTI) such as Faisal Javed
Imran
‘Senate line-up’ as ECP unveils polls schedule for KP seats
The process of receiving nomination papers has started at the Senate secretariat in Islamabad and preliminary list of the candidates will be released on March 17 It is pertinent to mention that the four senators of erstwhile Federally Administered Tribal Areas (FATA) will be the last members who were elected on the quota for region After the 25th Amendment to the Constitution that merged them with K-P the tribal districts with will not have separate seats in the Senate Therefore, the Senate will now comprise 96 members, in which each province is represented equally with 23 seats while four are for Islamabad On the other hand PTI Founding Chairman Imran Khan approved the names of his party s tickets for the Senate elections afterwards the party released the final list of candidates for the upper house polls Murad Saeed, Faisal Javed Khan, Mirza Afridi, Irfan Saleem and Khurram Zeeshan will be the party’s candidates for general seats from KP, while Azhar Mashwani would be the covering candidate of Murad Saeed Azam Swati and Irshad Hussain are the candidates of the party on technocrat seats while Ayesha Bano and Rubina Naz will contest for women s seat in the province Similarly in Punjab, Hamid Khan and Zulfi Bukhari are the party candidates for the general seats and Omer Sarfraz Cheema and Col (r) Ijaz Minhas would be the covering candidates
IMF protest correc t but unaware of anti-army slogans, says Imran

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