D A R R U L E S O U T P O S S I B I L I T Y O F A N Y
L KS W I T H M AY 9 P E R P ET R AT O R S
S
day after the formation commanders conference Deputy Prime Minister and Foreign Minister Ishaq Dar on Friday ruled out the possibility of negotiations with people involved in the May 9 violence asserting that the government was firmly against talks with those who carried out attacks against the state Addressing the media at the Parliament House, Dar claimed he firmly believe in political negotiation and reconciliation but drew a strict line against actions targeting the state
In politics there should always be reconciliation and negotiations but there will be no talks with whoever stands against the state, even if we have a blood relationship with them,” he asserted referring to the PTI
Recalling the 126-day sit-in by the PTI in front of Parliament House Dar noted that it was resolved through dialogue reaffirming his support for peaceful negotiations
However, he highlighted the severity of the May 9 events, which included attacks on important state institutions such as the GHQ and Jinnah House adding that they were unforgivable acts of rebellion No concessions can be made to the elements involved in the May 9 tragedy Anyone standing against the state will not be negotiated with, regardless of any personal relations,” Dar stressed He further emphasised that the stance adopted during the formation commanders meeting mirrors the sentiment of every Pakistani When asked about Justice Athar Minallah’s response to the prime minister ’s statement about “black sheep” in the judiciary Dar sidestepped the issue sug-
US Ambassador discuss counter-ter rorism cooperation
ISLAMABAD
Deputy Prime Minister (PM) and Foreign Minister Ishaq Dar on Friday met US Ambassador to Pakistan Donald Blome and discussed “mutual priorities” including counterterrorism cooperation According to a statement issued by US Embassy Donald Blome met Deputy PM Ishaq Dar to discuss mutual priorities of the United States and Pakistan “Both leaders discussed counterterrorism cooperation Pakistan’s structural economic reforms and efforts to address security regional and economic challenges it said The US Ambassador reaffirmed the United States support for Pakistan s ongoing economic reforms and
gesting that inquiries should be directed to the PM himself He emphasised respect for the judiciary and stressed the need for all stakeholders to be on the same page to prevent further setbacks for Pakistan Dar also spoke on the country s international standing, dismissing claims of global isolation and highlighting positive economic trends “Pakistan has come out of global isolation and economic stability is moving in a positive direction Inflation is decreasing, and the economy is improving,” he declared hinting at more favourable developments expected from the prime minister s upcoming visit to China
Answering a question about the budget, he noted the unusual timing of Khyber Pakhtunkhwa s budget approval before the federal budget He suggested that the provincial government might need to revise its budget following the federal budget announcement
P TI rej ect s FIA’s p rob e a g a in s t Im ra n in ‘s ocia l m ed ia p os t ’
The Pakistan Tehreek-e-Insaf (PTI)
Core Committee strongly rejected the FIA s probe against PTI Founding Chairman Imran Khan regarding a social media post calling the possible registration of any fresh case in this regard as totally unjustified PTI Core Committee meeting held a detailed review of various aspects of the short documentary film released on social media containing the contents of the Hamoodur Rahman Commission Report
The participants demanded immediate release of Hamoodur Rahman Commission Report in order to save Pakistan from 1971 like internal challenges and to learn lesson from history besides informing the public about the facts and ground realities
The forum noted that in the light of the FIA s notices issued to the party leadership, the PTI legal team has been entrusted with the responsibility to prepare a detailed legal strategy regarding the documentary film containing the contents of Hamoodur Rahman Commission Report on social media
They reiterated the principled stance of conducting national affairs, especially political affairs within the framework of the constitution and law adding that Pak
army should also perform its responsibilities of national defense within the constitutional limits
The participants stated that the fall Dhaka was the most tragic tragedy in our national history, and its causes and motivations were political in every respect
PTI Core Committee recalled that Hamoodur Rahman Commission appointed by the then government of Pakistan, which had mentioned these factors in great detail in its report
Imran refuses to meet FIA team
RAWALPINDI: Pakistan Tehreek-e-Insaf (PTI) founder Imran
Khan refused to meet the Federal Investigation Agency s (FIA) cyber crime team in Adiala jail sources revealed As per the sources within Adiala jail the former prime minister refused to become part of the FIA investigation related to his controversial social media post on X, formerly Twitter, without his lawyers
He refused to answer any questions from the FIA team, said the sources “I will answer any question in the presence of lawyers ” he added The sources added that the FIA s probe team took the PTI founder s response in writing The development comes after FIA s cyber crime wing on Thursday decided to initiate action against Khan over his controversial tweet on social media A post on X was attributed to the former PM, which read: Every Pakistani should study the Hamood ur Rahman Commission Report and get to know who was the true traitor General Yahya Khan or Sheikh Mujibur Rahman PTI Chairman Barrister Gohar said that the post had nothing to do with Khan as he did not see the text of the posts that were uploaded to his account The context and comparison that we drew with 1971 was in a political context and not otherwise nothing about the army, the PTI chairman said On the other hand, the former ruling party also defended the post, saying that the events of 1971 were referred to only as a reminder so people can learn from history as it slammed the criticism The post on PTI supremo s account drew severe criticism from all quarters including Prime Minister Shehbaz Sharif who said Imran s true face was finally in front of the nation S TA F F R E
In par tnership with Profit S a t u r d a y, 1 J u n e , 2 0 2 4 I | 2 3 Z i l - Q a d a h , 1 4 4 5 R s 2 0 0 0 | Vo l X I V N o 3 3 2 I 8 Pa g e s I Ka r a c h i E d i t i o n PR OFIT G H U L A M A B B A S Pakistan s economy has been facing tough circumstances over the last couple of years The closing of FY24 marks a rebound in the economy and restores some form of stability to the country In a detailed briefing at the Annual Plan Coordination Committee (APCC) meeting the economic performance of Pakistan for the fiscal year 2023-24 was reviewed, alongside the proposed plan for 2024-25 As per details shared by the Ministry of Planning Development and Special Initiatives after the APCC meeting despite facing considerable challenges at the outset Pakistan s economy showed signs of recovery by the end of the fiscal year, achieving a moderate growth rate of 2 4% Economic Performance in 2023-24 The agricultural sector emerged as the primary driver of this growth recording an impressive 6 3% increase This robust performance was attributed to bumper harvests of key crops such as wheat, cotton, and rice In contrast, the industrial sector experienced a modest growth of only 1 2%, hampered by a slowdown in large-scale manufacturing activities Nevertheless segments like mining and quarrying small-scale manufacturing and construction saw positive contributions The services sector grew by 1 2%, driven by slight improvements in wholesale and retail trade which expanded by just 0 3% Similarly transport storage and communications sectors reported a minimal growth of 1 2% reflecting subdued demand On the fiscal front, total revenue collection surged by 41% from July to March 2023-24, surpassing the 36 6% increase in total expenditure Tax revenues rose by 29 3% while non-tax revenues soared by 89 8% However markup expenditure remained a significant burden constituting 40% of total expenditure Inflation averaged at 26% during JulyApril 2023-24, a significant number yet a small improvement from the 28 2% recorded in the same period the previous year A declining trend in inflation has been noted since January 2024 offering some respite to consumers The external sector faced numerous challenges initially but saw improvements due to the narrowing of the current account deficit, inflows from the International Monetary Fund (IMF) and other foreign donors and measures taken by the government and the State Bank of Pakistan (SBP) These factors collectively helped stabilize foreign exchange reserves and the exchange rate Economic Outlook for 2024-25 As per the committee, the economic outlook for 2024-25 appears positive with a growth target set at 3 6% This optimism is contingent upon several factors including political stability a stable exchange rate and continued macroeconomic stabilization under the IMF s program Additionally anticipated decreases in global oil and commodity prices are expected to provide a boost The agricultural sector, benefiting from a high base effect is projected to grow by 2% The industrial sector is expected to recover with a targeted growth of 4 4% supported by a predicted 3 5% increase in large-scale manufacturing Enhanced inputs and energy supplies, bolstered by lower global oil and commodity prices, are expected to drive this growth The services sector is also forecasted to expand by 4 1% supported by the expected growth in commodity-producing sectors Investment is anticipated to rise, with the total investment-to-GDP ratio expected to increase from 13 1% in 2023-24 to 14 2% in 2024-25 This improvement is attributed to the expected economic turnaround a better business environment and political stability National savings are targeted at 13 3% of GDP Fiscal consolidation measures are expected to narrow the fiscal deficit, while domestic average inflation is projected to moderate to 12%, driven by falling global inflation A detailed plan for said measures is expected to be announced in the upcoming budget Meanwhile APCC also approved the Public Sector Development Program (PSDP) at Rs 1221 billion for the upcoming fiscal year 2024-25 The APCC noted that Ministries/Divisions initially requested Rs 2 8 trillion for projects However due to fiscal constraints the essential funding requirements were discussed with the Ministry of Finance Consequently, the provisional size of the PSDP was set at Rs 1221 billion The formulation of the PSDP faced several challenges including rising throw-forward additional demands and provincial projects of devolved nature g E C O N O M Y R E B O U N D E D W I T H 2 4 % G R O W T H I N 2 0 2 3 - 2 4 ; G R O W T H TA R G E T F O R F Y 2 5 S E T AT 3 6 % G ovt t o t arget les s er inflat ion and nar row er fis cal deficit in FY 25 COAS, Azeri FM discuss matters of mutual interest , regional peace RAWALPINDI S TA F F R E P O R T Foreign Minister of Azerbaijan Jeyhun Bayramov called on Chief of the Army Staff General Asim Munir and engaged in in-depth discussions according to a statement from the Inter-Services Public Relations (ISPR) on Friday The two discussed matters of mutual interest including regional peace and stability The military s media wing added that the army chief emphasized Pakistan’s long-standing fraternal ties with Azerbaijan and reiterated the country’s unwavering commitment to providing comprehensive assistance and cooperation in the spheres of defense and security General Munir also praised the Azeri armed forced for their professionalism “The visiting dignitary expressed his sincere appreciation for Pakistan’s steadfast support to Azerbaijan and acknowledged the country’s pivotal role in maintaining regional stability A day earlier Pakistan and Azerbaijan resolved to enhance cooperation in multiple sectors including trade, investment, energy and connectivity to exploit bilateral potential further This commitment was made during a meeting between Deputy Prime Minister and Foreign Minister Ishaq Dar and Azerbaijan s Foreign Minister Jeyhun Bayramov In a joint press conference Dar announced plans to bolster cooperation in trade, investment, connectivity, energy, and defence He highlighted ongoing efforts to boost bilateral investments, particularly in the energy sector, with a joint working group on energy playing a crucial role Both leaders also discussed the situation in Gaza calling for an immediate cessation of Israeli hostilities and the establishment of an independent Palestinian state with Quds Al Sharif as its capital Dar expressed gratitude for Azerbaijan’s steadfast support on the Kashmir issue and reiterated Pakistan’s support for Azerbaijan’s sovereignty and territorial integrity The Azeri foreign minister also mentioned that the 8th Pakistan-Azerbaijan Inter-Governmental Commission set to convene in Islamabad later this year, would further drive economic cooperation Gov t cuts petrol price by Rs4.74 per litre ISLAMABAD S TA F F R E P O R T Amid high hopes regarding a reasonable decrease, the federal government on Friday slashed the price of petrol by Rs4 74 per litre for the next fortnight After the approval of Prime Minister Shehbaz Sharif the Finance Ministry reduced the prices of petrol by Rs4 74 per litre and diesel by Rs3 86 per litre After a reduction of Rs4 74 the new petrol price has been fixed at Rs268 36 per litre The price of highspeed diesel (HSD) has been decreased by Rs3 86 to Rs270 94 per litre Earlier in the day PM Shehbaz Sharif directed the Ministry of Finance to cut the price of petrol by Rs15 4 per litre to provide relief to the general public The Prime Minister in a statement directed the finance minister to further slash the price of petrol by Rs15 4 per liter and that of diesel by Rs7 9 per liter Earlier on May 15, the federal government slashed petrol prices by Rs15 39 per liter for the next fortnight According to the details the Finance Ministry reduced prices of petroleum products after Prime Minister Shehbaz Sharif s approval According to a notification issued here, after a reduction of Rs15 39, the new petrol price has been fixed at Rs 273 1 per liter The price of high-speed diesel (HSD) has been decreased by Rs7 88 to Rs 274 8 per litre The price of light diesel has been reduced by Rs 7 54 per liter making the new price Rs 161 17 per liter The price of kerosene oil has been reduced from Rs 9 86 per liter to Rs 173 48 per liter PM Shehbaz to visit China from June 4: FO ISLAMABAD S TA F F R E P O R T Prime Minister Shehbaz Sharif will visit China from June 4 to 8 at the invitation of President Xi Jinping Ministry of Foreign Affairs (MoFA) said on Friday During the three-segment trip, the prime minister will visit the cities of Xi’an and Shenzhen, besides Beijing, the Foreign Office spokesperson Mumtaz Zahra Baloch announced at her weekly press briefing She said that Shehbaz Sharif would meet President Xi Jinping and hold delegation-level talks with Premier Li Qiang in Beijing He will also hold meetings with Chairman of Standing Committee of the National People s Congress Zhao Leji and heads of key government departments The spokesperson said that an important aspect of the prime minister ’s visit will be meetings with corporate executives of leading Chinese companies dealing in oil and gas energy ICT and emerging technologies In Shenzhen, Prime Minister Shehbaz will address the China-Pakistan Business Forum with leading businesspersons, entrepreneurs, and investors from both countries He will also visit Economic and Agricultural Zones in China she added The prime minister s visit to China manifests the iron-clad Pakistan-China friendship characterized by frequent high-level exchanges and dialogue The two sides will undertake discussions to further strengthen the All-Weather Strategic Cooperative Partnership; upgrade China-Pakistan Economic Corridor; advance trade and investment; enhance cooperation in security and defence energy space science & technology and education; and promote cultural cooperation and people-to-people contacts, thus setting the future trajectory of Pakistan-China friendship China awaits Shehbaz Sharif ’s upcoming visit The Chinese foreign ministry on Friday said China looks forward to the visit of Pakistan’s Prime Minister Shehbaz Sharif taking it as an opportunity to promote greater joint development
ISLAMABAD
TA
TA F F R E P O R T A
S TA F F R E P O R T
areas
trade
col-
within
energy, technol-
sectors
im-
bilateral cooperation in addressing the most pressing challenges to regional
global security, including
Pakistan
Counterterrorism Dialogue held in Washington D C on May 10, stated a joint statement issued Additional Foreign Secretary for the UN and OIC, Ambassador Syed Haider Shah and US Department of State Coordinator for Counterterrorism Ambassador Elizabeth Richard co-chaired the Dialogue
PM,
S AY S AT TA C K S O N I M P O R TA N T S TAT E I N S T I T U T I O N S A R E ‘ U N F O R G I VA B L E A C T S O F R E B E L L I O N ’ g S AY S S TA N C E O F F O R M AT I O N C O M M A N D E R S ’ C O N F E R E N C E M I R R O R S S E N T I M E N T O F E V E R Y PA K I S TA N I ISLAMABAD S TA F F R E P O R T
underscored support for expanding businessto-business links and fostering a conducive environment for investors Ambassador Blome also highlighted potential
for investment and
opportunities, along with
laboration
the
ogy, and infrastructure
Earlier in May Pakistan and the United States (US) underscored the
portance of
and
Tehreek-e-Taliban
(TTP) and ISIS-Khorasan Officials of both countries expressed the commitment during the Pakistan-US
Deputy
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C O N T I N U E D O N PA G E 03 C O N T I N U E D O N PA G E 03
ARAMCO COMPLETES ACQUISITION OF 40% STAKE IN GAS & OIL PAKISTAN
aiming to raise commercial financing for the 4,500MW powerhouse The federal government approved the project’s power generation component at a cost of Rs1 42 trillion two years ago Efforts to secure funding from various international financial institutions have been unsuccessful The government also proposed an investment-debt arrangement with Saudi Arabia, seeking $1 2 billion in equity and $2 3 billion in debt over 10 years but has yet to receive a formal response The Diamer Basha project with a 30% equity and 70% debt ratio, is expected to
Hyderabad c ylinder blast toll rises to seven; 17 critical in Karachi hospital
Saturday 1 June 2024 | KARACHI 02 NEWS PR OFIT N e w S D e S k S A U D I A R A M C O one of the world s leading integrated energy and chemicals companies, has made further progress in its global retail expansion by completing the acquisition of a 40% equity stake in Gas & Oil Pakistan Ltd (GO) The global oil giant announced this development on its website GO is a diversified downstream fuels, lubricants and retail store operator in Pakistan with a network of more than 1,200 retail fuel stations The acquisition, first announced in December 2023, represents Aramco s first Downstream retail investment in Pakistan and signals the company’s growing retail presence in high-value markets In March Aramco also acquired a 100% equity stake in Esmax Distribución SpA ( Esmax ), a leading diversified downstream fuels and lubricants retailer in Chile Aramco’s Executive Vice President of Products & Customers Yasser Mufti said: “Our global retail expansion is gaining pace and this acquisition is an important next step on our journey Through our strategic partnership with GO, we look forward to supplying Aramco s high-quality products and services to valued customers in Pakistan We are also delighted to welcome another high-caliber addition to Aramco’s growing network of global partners and look forward to combining our resources and expertise to unlock new opportunities and further grow the Aramco brand overseas Last month, the Competition Commission of Pakistan (CCP) approved a 40% equity stake acquisition in GO by Aramco Aramco Asia Singapore Pte Ltd is a Singaporean company wholly owned by Saudi Aramco filed the pre-merger application with the CCP In December 2023 Aramco signed definitive agreements to acquire a 40% equity stake in GO Pakistan
ISLAMABAD S ta f f R e p o R t The Pakistan Tehreek-e-Insaaf (PTI) on Friday expressed dissatisfaction with the venue the Islamabad administration allowed for the party s rally The capital administration permitted the party to hold its rally on GT Road in Rawat Last week, Islamabad Deputy Commissioner Irfan Nawaz Memon turned down the party’s request to hold a rally given the law and order situation stating that the party had already violated NOCs (no objection certificates) issued on earlier occasions The decision was conveyed to the Islamabad High Court (IHC) by a capital administration representative as it heard a contempt case regarding the party being denied permission to hold a rally Legal counsel for PTI Shoaib Shaheen voiced the party s decision to organise the rally at Fatima Jinnah Park (F-9 Park) In response the court remarked that PTI can initiate a new petition to challenge the administration s decision regarding the venue The district administration granted permission to hold the rally under 39 conditions, including adherence to the scheduled end time and prohibition of anti-state slogans or speeches Security will be the party’s responsibility and any form of rioting or damage to public property will not be tolerated Speaking informally to the media outside the court, Shoaib expressed PTI s intention to challenge the DC s decision to permit the rally in Rawat He stated the party s preference for holding the rally in F-9 Park while condemning the DC s office for presenting a “dishonest and biased” letter Rallies in Islamabad have historically occurred at three locations: F-9 Park Parade Ground and Peshawar Morr There has never been a rally in Rawat, stated Shoaib Shoaib pointed out the blatant dishonesty and corruption’ prevalent within the administration stating that “everyone knows who is behind it” Furthermore he added that upon the issuance of a new order concerning the contempt of court request, the court has permitted us to challenge it through a fresh petition PR OFIT M o N to R i N g D e S k Due to Pakistan’s junk credit rating, the government is exploring alternative funding options for the Diamer Bhasha dam including selling a stake in another power project and seeking inclusion in the China-Pakistan Economic Corridor (CPEC) According to a news report, the Water and Power Development Authority (Wapda) has urged Islamabad to present the dam project as a key item during Prime Minister Shehbaz Sharif s visit to Beijing Wapda s recommendation includes selling a stake in the 1,450-megawatt Ghazi Barotha hydropower project to Kuwait and persuading Beijing to include the Diamer Bhasha project in CPEC Pakistan needs $4 billion for the dam s power generation component but has secured only $500 million, leaving a $3 5 billion gap International credit rating agencies have assigned Pakistan a junk rating making new foreign loans and sovereign bonds difficult to obtain In November, Pakistan signed an MoU with Kuwait to sell its equity in the Ghazi Barotha project The government plans to expedite the sale process due to limited financing options Despite limited responses from multilateral creditors Pakistan began constructing the dam using its own resources,
generate 18 billion units of electricity annually PM Shehbaz has directed the Ministry of Planning to include the project in CPEC marking the second attempt in seven years Pakistan’s junk credit rating drives govt to seek alternative funding for Diamer Bhasha Dam g G O V T S E E K S E Q U I T Y S A L E A N D C P E C I N C LU S I O N T O S E C U R E $ 3 . 5 B N E E D E D F O R D A M P R O J E C T g A CQ U I S I T I O N R E P R E S E N T S A R A M CO ’ S F I R S T D O W N S T R E A M R E TA I L I N V E S T M E N T I N PA K I S TA N A N D S I G N A L S CO M PA N Y ’ S G R O W I N G R E TA I L P R E S E N C E I N H I G H - VA LU E M A R K E T S ‘Rally ’s venue’: Unhappy PTI to challenge capital admin’s decision in fresh plea Ithmaar Holding plans major stake transfer in Faysal B ank 7 k i l l e d a s v a n p l u n g e s i n t o g o r g e i n M a l a m J a b b a SWAT S ta f f R e p o R t At least 7 people were killed and six others injured when a van plunged into a deep ravine near Swat s Malam Jabba area According to police the van carrying 12 staff members of a local hotel fell into a gorge while taking a sharp turn, killing seven people on the spot and critically injuring six others After being informed, Pakistan army personnel reached the Malam Jabba spot and shifted the dead and injured to hospital In a similar incident on May 29 at least 27 people had been killed after a bus overturned and fell into a ditch in Washuk, Balochistan The accident occurred due to over speeding, said police adding that women and children were among the deceased The ill-fated bus was travelling from Turbat to Quetta Soon after the incident the rescue officials reached the site and shifted bodies and the injured to the Basima Civil Hospital Prime Minister Shehbaz Sharif has expressed deep grief and sorrow over the tragic traffic accident in Washuk district of Balochistan Matric, Inter papers leaked as cheating mafia rules in Sindh KARACHI S ta f f R e p o R t Paper of Pakistan Studies of 9th class went viral on WhatsApp even before the exam started in Karachi on Friday According to report cheating mafia reigns in matric exams as all past records broken The copy mafia leaks the paper on daily basis even before it starts However, Secondary Education Board Karachi failed to stop copying mafia Copy mafia by using modern technology leaked leaflets and solved content in WhatsApp groups On the other hand class XI Zoology paper is being taken today under the auspices of Larkana Education Board which also was leaked ahead of time through WhatsApp group On behalf of the copying mafia they started solving questions through WhatsApp groups Moreover after matriculation cheating mafia ruled in class 11th and 12th examinations as well in Nawabshah as today s 12th class paper of Chemistry was also leaked ahead of time on WhatsApp groups The copy mafia started selling solved papers to students through WhatsApp groups Shor t-term inflation shows marginal increase PR OFIT N e w S D e S k The Sensitive Price Indicator (SPI) for the week ended on May 30 2024 showed a slight increase of 0 11% while a year-on-year trend depicted an increase of 21 40% According to the data released by the Pakistan Bureau of Statistics (PBS), the week observed fluctuations in the prices of various essential items Major increase was observed in the prices of Tomatoes (11 25%), Onions (3 62%) Pulse Mash (2 00%) Bananas (1 78%) Potatoes (1 23%) Curd (1 17%) Pulse Gram (1 04%) Milk Fresh (0 56%) Cigarettes (0 52%) Energy Saver (0 41%) and Georgette (0 09%) A weekover-week decrease was observed in the prices of Eggs (6 14 %), Chilies Powder (5 73%) LPG (5 40%) Garlic (4 02%) Rice IRRI (2 93%) Wheat Flour (1 89%) Rice Basmati Broken (1 49%) Pulse Moong & Firewood (0 51%) each and Mustard Oil (0 20%) During the week under review, out of 51 items, prices of 14 (27 45%) items increased, 14 (27 45%) items decreased 23 (45 10%) items remained stable The yearon-year trend depicts an increase of 21 40% On yearly basis price of Gas for Q1 increased (570 00%) Onions (81 78%) Chilies Powder (59 98%), Tomatoes (52 54%), Garlic (47 83%), Salt Powder (31 30%), Shirting (30 39%), Gents Sandal (25 01%), Pulse Mash (23 93%), Beef (22 55%) Energy Saver (20 38%) and Sugar (19 89%) While a decrease was observed in the prices of Bananas (34 58%) Wheat Flour (29 26%) Chicken (25 40%) Cooking Oil 5 Litre (17 72%), Vegetable Ghee 2 5 Kg (15 12%), Vegetable Ghee 1 Kg (14 47%), LPG (11 79%), Mustard Oil (11 27%) and Eggs (11 01%) The weekly SPI with base 2015-16 100 covering 17 urban centres and 51 essential items for all expenditure groups/quintiles and combined has been computed PR OFIT N e w S D e S k Ithmaar Holding B S C has approved the proposed sale and/or transfer of 75% of the current stake in Faysal Bank Limited (FBL) (translating into around 50% of the total outstanding shares of FBL, thereby the controlling interest) to GFH Financial Group B S C (GFH) or any of its subsidiaries or nominee companies This decision was made during the Extraordinary General Meetings (EOGM) of shareholders of Ithmaar Holding B S C and its two wholly owned subsidiaries Ithmaar Bank B S C (Closed) and IB Capital B S C (Closed) (together Ithmaar ) held on May 28 and May 29 2024 according to a notice sent by Faysal Bank Limited to the Pakistan Stock Exchange (PSX) on Friday Ithmaar Bank B S C (Closed), directly and indirectly through other group entities holds a 66 7% stake in Faysal Bank Limited (FBL) One of the agenda items of the EOGM which has been approved by the shareholders of Ithmaar, is the proposed sale and/or transfer of 75% of Ithmaar s current stake in FBL (translating into around 50% of the total outstanding shares of FBL thereby the controlling interest) to GFH / any of its subsidiaries or nominee companies, read the notice The proposed transaction is subject to all necessary regulatory approvals and also full compliance with all legal requirements in Pakistan as well as in the Kingdom of Bahrain or other relevant geographies In this regard, an agreement is planned to be formalised in the next few weeks In its notice, FBL further said that even post execution of the transaction, it plans to maintain its current strategy of strong business growth through continued focus on effective execution of its strategic corporate plans based on accelerated branch network expansion focus on human resources including continuity of leadership/ senior management team, investment in technology & digital channels and top of the line customer service coupled with the largest range of fully shariah compliant products all translating into FBL s mission to be the best Islamic Bank in Pakistan Further details will be disclosed once the transaction receives regulatory approval in Pakistan and Bahrain, it added g ITHMAAR DIRECTLY AND INDIRECTLY THROUGH OTHER GROUP ENTITIES, HOLDS A 66 7% STAKE IN FAYSAL BANK LTD HYDERABAD S ta f f R e p o R t The death toll from the gas cylinder blast in Hyderabad s congested Preetabad area has risen to seven as two more children succumbed to their injuries in Karachi s civil hospital on Friday Eight-year-old Ali Hasan passed away at 7 AM, and twelve-year-old Azaan Ali son of Raees died at 4 AM today morning The channel reported that the hospital officials said both children had sustained 100 per cent burns that were a cause of death Sindh Chief Minister Murad Ali Shah and Governor Kamran Tessuri visited the injured at the hospital The provincial ruling party, the Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari expressed his condolences to the families of the deceased and wished the injured a speedy recovery PPP Chairman Bilawal assured that no effort would be spared in providing the best medical care for the injured Bilawal called for a thorough investigation and directed the provincial government that if the incident resulted from criminal negligence then those responsible should be held accountable Thursday, heavy explosions occurred in a gas cylinder shop in Hyderabad triggering subsequent blasts in other cylinders The explosions caused fires in several nearby homes and injured more than 60 people including women and children The injured were rushed to Civil Hospital Hyderabad, but due to inadequate facilities, 23 severely injured people including children were shifted to Civil Hospital Karachi Six of these patients have died, while 17 remain in critical condition in Karachi The AMS of Civil Hospital Hyderabad Dr Aftab Phul told the media that 26 severely injured patients were transferred to Karachi, with most of the critically injured being children He mentioned that more than 30 patients are still under treatment at Civil Hospital Hyderabad with several in the ICU Patients with burns covering 30-40 per cent of their bodies are being treated locally Eyewitnesses reported that they heard explosions and saw gas cylinders bursting in the shop which was a cause of fires in nearby homes They stressed that gas cylinder shops should not be located in residential areas
K I S TA N , U K S I G N A C C O R D F O R
I L AT E R A L L E G A L A S S I S TA N C E
Gov t to target lesser inflation and narrower fiscal deficit in F Y25
Pakistan He said Pakistan and UK government and public relations are at an un-
precedented level Britain attaches great importance to relations with Pakistan, said British Interior Minister He said we appreciate Pakistan’s cooperation in the evacuation of British citizens from Afghanistan British Interior Minister further said that the contribution of Pakistanis living in the UK in cultural, social and economic fields is very important The British Interior Minister also appreciated the performance and services of Mohsin Naqvi as caretaker Chief Minister of Punjab Pakistan High Commissioner to UK Dr Muhammad Faisal British High Commissioner in Pakistan Jane Marriott and senior officials of the British Interior Ministry were also present on the occasion
Fact check: New institute of cardiology in Lahore is not being named after Mar yam Nawaz
A notification doing the rounds on social media and various WhatsApp groups stating that the ‘under construction’ Institute of Cardiology attached with Allama Iqbal Medical College/ Jinnah Hospital Lahore is to be named Maryam Nawaz Institute of Cardiovascular Diseases (MNIVCD), Lahore , is absolutely false and fabricated The notification is signed by Senior Planning Officer-II of Punjab Fatima Naureen who while speaking to Pakistan Today outrightly denied the issuance of any such
cialised Healthcare and Medical Education Department
mention of the details of the project in
The notification dated 29th May 2024, also does not appear on the department s website that lists all notifications issued by the department The last notification posted there was on 17th May 2024
The only project that was approved recently was announced by the caretake Chief Minister Mohsin Naqvi, who is currently the Federal Interior Minister and Chairman PCB
The project he announced was to be named ‘Jinnah Institute of Cardiology’
Pakistan thanks China for launching PakSatMM-1
communications satellite
Pakistan’s authorities thanked China for successfully launching a multi-mission communication satellite for Pakistan using a Long March-3B rocket The launch occurred at the Xichang Satellite Launch Center in the southwestern province of Sichuan on Thursday Deputy Prime Minister of Pakistan Mohammad Ishaq Dar, said that his heartiest congratulations to the nation on the successful launch of the Pakistan Multi-Mission Communication Satellite (PakSat-MM1) He further said that this historic achievement marks a milestone
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They were of the view that PTI in the light of the worst political events of the past two years and their resemblance with the happenings of the 1970s that consequently led to the tragic event, a sincere message was given to the state decisions makers to revert to the constitutional limits and learn a lesson from the tragic history
The form emphasised that the most important role played in the tragic downfall of East Pakistan was the insult of the public mandate, which even continued today with all its destruction
They noted that PTI Founding pointed out the very deadly consequences of an individual lust of power on the integrity of the country and the nation the constitution democracy and especially its negative implications on our brave forces
PTI Core Committee always recognized the role of its forces as an institution in the performance of national duties such as the defense of national security and integrity within the ambit of the constitution and law The meeting also discussed the contents of the declaration of the 83rd Formation Commanders Conference and the participants principally agreed with the
in our National Space Program made possible with the invaluable support of our great friend and partner China This project exemplifies our strong technological collaboration and enduring friendship with China,” he said “I extend my heartiest congratulations to the people of Pakistan and commend the entire team at Pakistan Space & Upper Atmosphere Research Commission (SUPARCO) for their tireless efforts , he added He added that the satellite will deliver high-speed broadband internet, significantly boosting connectivity especially in underserved areas Pakistan remains committed to promoting science and technology as key
drivers of economic growth and national development This launch demonstrates our resolve to invest in high-tech sectors and develop indigenous capabilities As we celebrate this historic achievement, let us look forward to a future where Pakistan continues to excel in science and technology harnessing the power of connectivity to build a better world for all May our journey into the stars be ever prosperous and peaceful he mentioned Pakistan s Ambassador to China, Khalil Hashmi tweeted that launch of a
formation commanders conference s demand to take legal action against those responsible for the May 9 incidents
They made it clear that PTI was the target of the May 9 false flag operation from the day first and had been demanding a high-level judicial inquiry into the arson vandalism and killing of innocent civilians
PTI Core Committee reminded that PTI Founding Chairman stood in the Supreme Court and condemned the violent incidents of May 9, adding that Imran Khan always insisted restoration of the rule of law through fair and transparent court trials without any reaction or provocation despite being target of the worst state and political revenge
They reiterated the demand of setting up an impartial, empowered and high level judicial commission to probe May 9 incidents from all aspects instead of attempting to subject innocent political activists to worst political victimisation or crush the country s largest political party
PTI Core Committee asked that who ordered the violent, humiliating and completely illegal arrest of Imran Khan from the premises of Islamabad High Court by paramilitary forces
They further raised question as where were the CCTV footages of May 9 includ-
ing the arrest of PTI Founding Chairman and on whose orders were they cleared from all places
The participants stated that Imran Khan’s acquittal in around half a dozen false fabricated and concocted cases related to May 9 due to government s failure to present evidence were sufficient and enough to expose the false accusations levelled against him and his party PTI Core Committee said that the decisions made on the bases on objectivity and facts were indispensable for the strength of institutions and the state instead of making them on the basis of hatred bigotry and personal goals They went on to say that the worst deviation from the constitution, disregard for law and justice, desecration of democracy, fundamental rights and the right to vote of the people and political revenge were the main contributors to the prevailing widespread anxiety in the country and reaction among the people
Therefore, the forum stressed the need that in order to bridge the gap between the people and the state institutions, the state and its institutions must recognize the authority of the people respect their fundamental rights and eliminate dependence on distorted narratives by making the people s
will the basis of national decision-making The meeting, after through a deliberation and comprehensive litigation/strategy, formally approved the decision requesting Chief Justice of Pakistan Qazi Faiz Isa to recuse himself from hearings of cases regarding Imran Khan and PTI They were of the view that hearing our cases by CJP despite his clear conflict of interest had negative impacts on fundamental right to fair trial PTI Core Committee, in its meeting, reviewed
(January-February/MarchApril 2024) –Editor: MazharSalimMujoka Jannat-e-Arzi Abbottabad
Author/Compiler:
’
a premier Urdu literary journal with an uninterrupted publication history of almost 88 years It was founded in 1935 by Barkat AliChaudhry, owner of Punjab Book Depot, a leading publishing house of Lahore in those days ‘Adab-e-Latif ’ owed its meteoric rise as a literary journal to, aside fromBarkat AliChaudhry himself a galaxy of editors with a prestigious literary background likeTalib Ansari Badayuni MeerzaAdeeb QateelShifai Faiz Ahmad Faiz Ahmad NadeemQasmi,Iftikhar AliChaudhry, SahirLudhianvi, FikrTaunsvi, Arif Abdul Mateen, IntizarHussain, KishwarNaheed, QasimMahmood Siddiqa Begum
NasirZaidi and MazharSalimMujokaussain Kishwar Nahid, Hameed Akhtral January-February 2024 issue of the magazine comprises Hamd, Na’at, ghazal(s), critiques nazm(s) short stories micro-fiction translations and humorous essays Prominent writers and poets contributing to this issue of the magazine include among others NasimSehar, Wajid Amir, SalimKausar, Sehar Ansari, GhulamHussainSajid, GulzarBukhari,Jan Kashmiri, RafiqSandeelvi Muslim Shamim JavedAkhtarBhatti and Tariq Mahmud March-April 2024 issue of Adab-e-Latif is again an esteemed selective collection of all genres of literature Noted contributors to the issue are Samina Syed, Syed Meraj Jami, SiminKiran, Amin Kunjahi, Imtiaz Ahmad, Naseer Ahmad Nasir, Mahmood Ahmad Qazi AsnathKanwal MumtazHussain Amjad Ali Shakir SalahuddinHaider KhawarEjaz and others MazharSalimMujoka s editorship is a salient feature of the twin issues of the journal He seems to have burnt the proverbial midnight oil to upgrade the quality of the magazine and enlarge its readership besides
eliciting the cooperation of a larger number of writers and poets on its panel of subscribers
‘Jannat-e-Arzi – Abbottabad’ The book is dedicated to renowned poet and litterateur Ejaz Rahim (who himself belongs to Abbottabad and is also a former Commissioner of Abbottabad Division) in token of his services to the people of Hazara It is like a compendium covering different aspects of the historical, geophysical, demographic, socio-cultural and infrastructural growth of the entire region that forms part of the allembracing valley of Hazara Muhammad JamilAbbasi the zestful author/compiler of the book, seems to have taken great pains to collect and collate relevant material, and construct it into a viable, albeit readable, organic entity seeming like a quasi-gazetteer of his native soil (of Abbottabad) The catalogue bears an impressive list of chapters that highlightthe historiccum-spatial grandeur of the scenic valley from different angles, lending the top slot to late Major James Abbottwho was the founder and first deputy commissioner of
Abbottabad deservingly named after him
The book is divided into eight chapters with kaleidoscopic narration of events, venues, men, matters, and institutions all bearing on the history and geography of the picturesque valley of Hazara of which Abbottabad is an integral part Notable sites and locales include therailway station of Havelian Malikpura, Mirpur, Circle Bakot, NawanShaher, Ayubia National Park, Lower Tanawal, Tehsil Lora, theSarban Valley, and the monumental Karakoram Highway whereas notable men include Ghazi Muhammad Dawood Shah Dr Muhammad Naseer Khan MianNuruddinQureshi Hakim Abdul Aziz Chishti, Kamran Ahmad Advocate, Khan BahadurJalaluddin Jalal Baba, Mufti Zubair Bin Salahuddin, Prof Dr SabirKalorvi, SardarMehtab Ahmad Khan Abbasi Engr Dr Farooque Muhammad Iqbal Khan Jadoon Faqira Khan Jadoon Muhammad Ayub KhanTanoli Advocate Abdullah Khan Tanoli Advocate, Muhammad Zeb Khan Tanoli Advocate, Noor Ilahi Khan Advocate, Justice Sajjad Ahmad Jan, Justice Qazi Muhammad Farooque, Justice
Qazi Muhammad Ghazanfar Justice Malik ManzoorHussain SardarBahadur Khan Mufti Muhammad Idrees, famed poet Sultan Sukoon, Mir WaliullahAdeebAbbottabadi Advocate, Maulana Muhammad Ismail Zabeeh
Saturday 1 June 2024 KARACH NEWS 03 LONDON s ta f f r e p o r t F E D E R A L Interior Minister Mohsin Naqvi on Friday called on British Interior Minister James Cleverly in London during his visit to United Kingdom In presence of both the interior minister a Letter of Intent (LOI) was signed between the governments of UK and Pakistan regarding mutual legal assistance The accord will help in tackling crimes relating to illegal migration and organized immigration It will also assist in investigating other heinous crimes including drug trafficking Law enforcement and criminal justice issues will be shared by Pakistan and the UK under this agreement Implementation will be made possible by a joint steering committee which will include representatives from the Ministry of Home Affairs the National Police Bureau the British High Commission and the programme team Advance planning for crime prevention of crime, sharing of international criminal conviction data and analytics will be facilitated Improving joint cooperation in combating illicit financial threats bilateral assistance in tracking crimes at air and sea borders will be possible The ability to facilitate extradition requests from the UK to Pakistan and from Pakistan to the UK will be improved The LOI will also help to create awareness and understanding of the mutual legal assistance process in both countries Exchange of information under the memorandum sharing of expertise visits staff training Joint projects conferences workshops and provision of specialized equipment are included Progress towards achieving the goals will be determined through an annual review During the meeting between Interior Minister Mohsin Naqvi and the Interior Minister of Great Britain cooperation was discussed to strengthen bilateral relations and solve problems jointly Talking on the occasion Mohsin Naqvi said that UK is a long-standing partner of
PA
NEWS
B
DESK
notification calling it absolutely fake The notification, from the ‘Spe-
makes no
question
PTI organizational affairs especially the issues related to mobilizing the organizational structures of the party at the lowest level During the meeting, the party s organizational officials/structures from the center to the lowest level were directed to immediately complete the preparations for the nationwide peaceful protest They said that PTI Founding Chairman could give a call for nationwide peaceful protest soon; hence all arrangements should be completed in this regard without any further delay PTI Core Committee stated that whenever Imran Khan would call his nation for a nationwide protest every PTI s worker would come out in the field of action PTI rejects FIA’s probe against Imran in ‘social media post ’ FBR exceeds revenue target of May 2024 ISLAMABAD s ta f f r e p o r t FBR has exceeded the revenue target by collecting Rs 760 billion for the month of May 2024 against the assigned target of Rs 745 billion The overall revenue growth remained 31% during the first eleven months of the year as compared to the same period last year During the month of May 2024 FBR has registered remarkable growth of 33% as compared to May 2023 The growth in domestic taxes has been 43 0% during the month which is very impressive It has been the policy of the government to mobilize more resources from the domestic taxes Team FBR has put in a lot of effort to achieve assigned revenue targets Chairman FBR appreciated the determination and hard work depicted by FBR officers and officials FBR is poised to achieve assigned target for the last month of the current financial year i e June, 2024 Met office predicts rain in KP, Pothohar, and Punjab today ISLAMABAD s ta f f r e p o r t The Meteorological Department has released a weather forecast indicating that extreme heat will continue in the southern regions of the country, while some areas in upper Khyber Pakhtunkhwa, Pothohar, and northeastern Punjab are expected to receive rainfall According to the department the southern parts of Punjab as well as most areas in Balochistan and Sindh will remain under a severe heatwave Residents are urged to take necessary precautions against heatrelated illnesses and to stay hydrated Conversely, certain regions in upper Khyber Pakhtunkhwa are likely to experience rain Rainfall is expected in Kohistan Shangla Battagram Swat Chitral Dir Abbottabad Haripur and Mansehra providing temporary relief from the prevailing hot weather in these areas In the capital city, Islamabad, the weather is expected to be hot during the day with a possibility of rain in the evening Most districts of Khyber Pakhtunkhwa will continue to experience extreme heat exacerbating the discomfort caused by the ongoing heatwave The Met Office advises people to limit outdoor activities during peak heat hours and seek shelter in cooler places On Thursday, the National Disaster Management Authority (NDMA) issued a stern advisory for June warning residents of Sindh and Punjab about an impending severe heatwave In Sindh the districts of Umarkot Tharparkar, Tando Allahyar, Matiari, and Sanghar are expected to face scorching temperatures, with the mercury rising to alarming levels Similarly in Punjab the districts of Rahim Yar Khan and Bahawalpur are likely to be under the oppressive grip of the heatwave Adab-e-Latif
–
Muhammad JamilAbbasi ‘Adab-e-Latif
‘Adab-e-Latfi’is
Niaz Swati Prof AyubSabir Prof AsifSaqib Prof Murtaza Syed et al However a few important names connected with the region are missing in the relevant chapters e g , ace politician Air Marshal ®Asghar Khan, eminent religious scholar/politicianMaulanaGhulamGhousHazarvi, reputed bureaucrat Abdullah renowned jurist Qazi Muhammad Jamil and popular poet QateelShifai Abbottabad is also known for its prime academic as well as professional institutions like PMA Kakul, Army Burnhall School and College, Abbottabad Public School and Govt Postgraduate Colleges (both for Men and Women) Ayub Medical College and a model Cantonment The author/compiler has also highlighted the literary and cultural organizations of the town besides conducting a brief survey of journalistic activities here alongwith names of some leading journalists and mediamen from the region Thus the book turns out to be an interesting read about Abbottabad its people and their rich sociocultural heritage A d a b - e - L at i f ’ a n d t h e A b b o t t a b a d m e m o r a b i l i a syed afsar sajid ISLAMABAD s ta f f r e p o r t
multi mis-
communications satellite was yet another significant milestone in Pakistan’s
program
another chapter in space
sion
space
and
cooperation between Pakistan and China
CONTINUED FROM PAGE 01 T h e f o r u m w a s a p p r i s e d a b o u t t h e c h a l l e n g e s f a c e d i n f o r m u l a t i o n o f P S D P f o r t h e f i s c a l y e a r 2 0 2 4 - 2 5 T h e m a j o r c h a l l e n g e s i n c l u d e d ; T h i n s p r e a d i n g o f P S D P a l l o c a t i o n a n d r i s i n g t h r o wf o r w a r d : R i s i n g t h r o w - f o r w a r d e x a c e r b a t e s c h a l l e n g e s i n p r i o r i t i z i n g a n d c o m p l e t i n g o n g o i n g p r o j e c t s S i g n i f i c a n t l y h i g h d e m a n d f o r r u p e e c o v e r a g a i n s t F o r e i g n E x c h a n g e / F o r e i g n A i d c o m p o n e n t A d d i t i o n a l d e m a n d s f o r p o s t - f l o o d 2 0 2 2 r e h a b i l i t a t i o n e ff o r t s a n d i m p l e m e n t a t i o n o f 5 E s i n i t i a t i v e s a i m e d a t e c o n o m i c r e c o v e r y a n d r e s i l i e n c e A P C C a d v i s e d M i n i s t r i e s a n d D i v i s i o n s t o p r i o r i t i z e c o r e n a t i o n a l p r o j e c t s f o r e i g n a i d p r o j e c t s f u n d p r o j e c t s w i t h h i g h e x p e n d i t u r e s f o r t i m e l y c o m p l e t i o n a n d p r i o r i t i z e f e d e r a l c l e a r p e n d i n g l i a b i l i t i e s T h e P S D P f o r m u l a t i o n p r o c e s s w a
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s s l i g h t l y m o d i f i e d w i t h s p e c i f i c a l l o c a t i o n s d e t a i l e d f o r v a r i o u s s e c t o r s T h e s e c t o r a l s t r a t e g y o f t h e p r o p o s e d P S D P 2 0 2 4
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o n s f o r i n f r a s t r u c t u r e d e v e l o p m e n t a n d p r o m o t i n g i n d u s t r i a l l i n k a g e s , e n e rg y s u ff i c i e n c y, a u g m e n t i n g w a t e r r e s o u r c e s , i m p r o v i n g t r a n s p o r t a n d c o m m u n i c a t i o n s e m p h a s i z i n g s o c i a l s e c t o r s s c i e n c e a n d I T g o v e r n a n c e p r o d u c t i o n s e c t o r s a n d e n s u r i n g b a l a n c e d r e g i o n a l d e v e l o p m e n t PTI demands recusal of CJP Isa from founder’s cases ISLAMABAD s ta f f r e p o r t The Pakistan Tehreek-e-Insaf (PTI) has demanded Chief Justice of Pakistan (CJP) Qazi Faez Isa rescue himself from benches hearing cases related to party and its founder Imran Khan A statement issued after the PTI core committee demanded the recusal of CJP Qazi Faez Isa from cases related to PTI and founder Imran Khan citing concerns over bias and impartiality The PTI alleged that the Chief Justice s hearing of their cases has a negative impact on the fair trial The demand came as the Supreme Court is all set to hear Sunni Ittehad Council’s (SIC) reserved seats case on June 3 Chief Justice of Pakistan Qazi Faez Isa would head the bench Justice Musarrat Hilali will not be present to hear the case due to illness The three-member bench headed by Justice Mansoor Ali Shah, comprising Justice Muhammad Ali Mazhar and Justice Athar Minallah suspended the verdict pertaining to the allocation of reserved seats to other political parties Justice Mansoor Ali Shah said that the case has been fixed for hearing and we are suspending the ECP and PHC verdicts A day earlier, Imran Khan also appeared before Supreme Court bench, led by CJP Isa, in a case pertaining to amendments to National Accountability (NAB) Ordinance 1999
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NEPRA Chairman and Power Minister give off sparks
WH I L E Power Minister Awaid Leghari held a press conference to defend the federal government’s present policy of carrying out loadshedding on feeders which did not pay their bills National Electric Power Regulatory Authority Chairman Waseem Mukhtar said that the policy was illegal, and required the government make amendments in the Act At the moment, NEPRA insists that power Distribution Companies which carry out so-called revenue-based loadshedding are acting illegally and are being fined including Rs 50 million each slapped on five DISCOS in April On the other hand Mr Leghari insisted that revenue-based loadshedding was necessary to prevent the circular debt from growing Rs 1 2 trillion a year, and thus leading to further hikes in the electricity tariff There are two issues which need to be teased apart First, the need to prevent electricity theft, and second, why the government needs to appear all tough and macho on this issue The DISCOs are carrying out this revenuebased loadshedding at the height of the hot weather thereby subjecting consumers to the heat irrespective of whether they have paid their bills or not What the DISCOs will not do is reduce their line losses, or take any action to prevent that theft Why should they? They have got Mr Leghari to engage in tigerish defence of policies that can only be described as collective punishment one of the worst aspects of the British Raj when an entire tribe was punished for the felonies of a single individual That system was only recently abolished in the Federally Administered Tribal Areas, Interestingly, that approach has been revived at the behest
M A Niazi Editor Pakistan Today Babar Nizami Editor
H e a t w a v e s i n P a k i s t a n a m i d s t c l i m a t e c h a n g e
The problem is only going to get worse
OV E R the past century the surge in greenhouse gas emissions has propelled global warming to the forefront of our planet s challenges With a temperature increase of 0 74°C, Earth has witnessed profound shifts in climate patterns ushering in a cascade of natural disasters such as cyclones floods famines and droughts Climate change marked by these events has inflicted a range of detrimental impacts including habitat degradation deforestation disruption of aquatic ecosystems, shifts in animal migration patterns, species extinction, and alterations to plant growth cycles Despite contributing minimally to global greenhouse gas emissions Pakistan bears a severe brunt of the consequences of global warming The shifting climate poses a grave threat to Pakistan s rich biodiversity, accelerating habitat degradation and putting numerous species at risk of extinction, thereby jeopardizing both environmental sustainability and livelihoods Moreover the escalating frequency of natural disasters such as floods and droughts not only displaces communities but also strains the nation s infrastructure Over the last five decades Pakistan has witnessed a surge in tropical cyclones, coinciding with a noticeable increase in annual mean surface temperatures This phenomenon has been exacerbated by a decline in cloud cover and an uptick in sunshine hours particularly evident in central Pakistan Notably Pakistan holds records for some of the most extreme weather events globally including the highest temperatures ever recorded on Earth at 53 7 C (128 7°F) in Turbat, Balochistan (May 28, 2017), and Moenjo Daro, Sindh (May 26, 2010) Similarly, Islamabad set a world record for rainfall with 620 mm (24 inches) in just ten hours on 23 July 2001 Furthermore the Karachi Tidal Station highlights a steady increase of 1 1 mm per year in mean sea level over the past century resulting in rampant coastal erosion and the loss of approximately 80 acres of land daily Pakistan ranks 125th on the Human Development
R e s u m i n g P a k i s t a n - I n d i a t r a d e
Index and is anticipated to experience climate changes above the global average The country s susceptibility to various natural disasters significantly contributes to its long-term mortality rates Factors such as high poverty levels, malnutrition, societal marginalization, and political instability exacerbate its vulnerability to such disasters Ranking as the 8th most vulnerable nation to climate change in the 2023 Global Climate Risk Index by Germanwatch Pakistan incurs an annual cost of $14 billion equivalent to five percent of its GDP Climate variability has dire consequences for food security, leading to widespread malnutrition and catastrophic weather-related events, resulting in countless households grappling with food shortages nationwide Furthermore Pakistan contends with an annual median probability of severe meteorological and hydrological drought with probabilities ranging from 25 percent to 65 percent across the country Projections indicate a heightened risk of meteorological drought across all emissions scenarios, with substantial expansions of ecological zones exacerbating drought occurrences thereby inflicting significant damage to crops and livelihoods A study by the World Bank and Asian Development Bank (2021) reveals that Pakistan is facing a significant increase in global temperatures, with a potential rise of 1 3°C to 4 9°C by 2090 This rise is expected to be stronger than average, putting pressure on human health, livelihoods, and ecosystems Changes to Pakistan’s rainfall and runoff regimes are uncertain but an increase in drought conditions is likely Extreme climate events are expected to increase increasing disaster risk particularly for vulnerable poor and minority groups Flooding is expected to affect around 5 million people by 20352044 and 1 million annually by 2070-2090 Projections suggest yield declines in key food and cash crops and temperature increases are likely to strain urban dwellers and outdoor labourers increasing the risk of heat-related sickness and death Climate change is creating uncertainty for Pakistan s water supplies, especially in the Indus Basin The Karakoram glaciers are predicted to be impacted by variations in seasonality and yearly rainfall brought on by climate change
TPresently Pakistan is confronted with a serious energy crisis which
is having deep impacts on its economy India is already exporting significant surplus capacity to Bangladesh and Nepal It has the cheapest solar power around the globe Pakistan with easy geographical terrain with India can ameliorate the power crunch by cross border trade of power and refined petroleum Thus given the current economic landscape of Pakistan, trade with India will bring positive impacts on its economy and can foster a conducive environment for regional cooperation in South Asia
Although there is a historical rivalry with India which Pakistan cannot ignore but it could maintain its trade relations with India as happened in the past when India was the largest market for the exports of Pakistan For the resumption of trade with India, Pakistan needs to look at India as a potential market for its goods and industries Both the rivals should separate trade ties from political differences China s colossal trade with India is exemplary Amid border tensions it has outpaced the USA in terms of trade with India
The writer is working as a Research Assistant in Balochistan Think Tank Network (BTTN) Quetta
Although there is a historical rivalr y with India, which Pakistan cannot ignore , but it could maintain its trade relations with India as happened in the past when India was the larg est market for the expor ts of Pakistan. For the resumption of trade with India, Pakistan needs to look at India as a potential market for its goods and industries. Both the rivals should separate trade ties from political differences. ChinaÊs colossal trade with India is exemplar y. Amid border tensions, it has outpaced the USA in terms of trade with India.
Prisoner’s health
Peace of mind
Root cause
04 Saturday 1 June 2024 COMMENT Lahore –
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 P o w e r p r o b l e m s
Ph:
of the IMF, an institution which has time and again shown its neo-colonialist nature with the government trying to appear tough because it is negotiating a new package with it As with the question to Mr Leghari about solar power the whole affair seems to reflect the IMF’s touching desire to help protect a sector on which the sun is setting: Big Power fuelled by Big Oil, huge behemoths of organizations, suppling power generated from fossil fuels emitting greenhouse gases with gusto This is the reason for the attempts to hold back the switch to renewables like solar wind or hydel on the excuse of paying the circular debt While consumers are adopting more environmentally friendly methods for purely economic reasons, the government is not forcing the DISCOs to adapt to times where pollution is not just unacceptable, but a crime
to the legac
late
Profit Dedicated
y of
Hameed Nizami Arif Nizami (Late) Founding Editor
P E O P L E suffering from psychosocial disabilities or say mental health disorders need medical treatment Owing to lack of knowledge regarding mental health in Pakistan not everyone gets access to such an option particularly the vulnerable segments of society For instance prisoners are generally denied such services All prisons across the country should have professional mental health practitioners available to cater to the needs of prisoners HUMA ALTAF MANDI BAHAUDIN
L I B R A RY is a place frequented by people looking to spend time with books and newspapers in a calm and clean environment Students preparing for various examinations visit libraries in the hope of being able to study with peace of mind However, this is not the case with students visiting the public library in the Hub district of Balochistan They continuously struggle to arrange basic facilities, such as chairs, fans and drinking water The long hours of load- shedding add to their woes The municipal authorities and the library management should act to resolve the issue RASHID AHMED KHUZDAR
T H E decision to declare an education emergency in the country deserves to be appreciated While it would be a good step to bring outof-school children to schools, those at the helm of affairs would do well to find out root cause of the issue as well Trying to improve a system without understanding the causes afflicting it will only make the effort futile As I see it hyperinflation is one of the main reasons that is forcing families to keep their children away from what happens to be their basic right MUMRAIZ KHAN KARACHI
cases I N search of avenues to generate revenue, the provincial government rightly decided to issue number plates of choice to the ones who wish to purchase gold silver or platinum number plates However the government would do well to first do something about the number plates that have not been issued yet I have been waiting to be issued the number plates for my two vehicles (Registration Nos BH-1001 and BH-9999) since 2019 Clearing the pending cases first would be a logical step NOMAN KADRI KARACHI
stand issues M A Jinnah Road is one of the main arteries in Karachi which connects Taj Medical Complex with Corridor 3 also known as Katrak Road However the inter-city bus stand at the place has been a grave concern for area residents and commuters for long as giant-sized buses keep the road clogged for traffic The relevant authorities should look into this matter urgently SALEEMULLAH SIDDIQUI KARACHI 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
Pending
Bus
R A D E between Pakistan and India has remained a casualty of political tensions and wars between the two rival neighbors The Kashmir issue has been the bone of contention for seven decades, affecting the relationship between the two countries and hindering trade The Indian government’s decision to remove the special status of Kashmir in August 2019 resulted in the suspension of bilateral trade between the two countries Since then trade has remained almost nonexistent The newly formed government in Pakistan has shown a willingness to resume trade with India which is a good sign for Pakistan’s economy as it could yield positive outcomes for Pakistan by tapping into the missing market The unending rivalry between India and Pakistan has hindered regional economic integration South Asia used to be a single large market a few decades ago with free mobility of goods, services, skilled labour, and capital investments Despite being composed of countries with common cultural historical and administrative backgrounds with a very well-connected infrastructure it remained the least integrated region around the world On the other hand, East Asia with countries having little common ground historically with diverse backgrounds has emerged to be the second most integrated region around the globe after the European Union Political tensions and rivalry among two major countries stand out to be the primary explanatory variable among others responsible for this confusing puzzle According to a report of the World Bank, bilateral trade between India and Pakistan is having potential of $37 billion However the current volume of bilateral trade between the two countries is $1 35 billion falling greatly behind its true potential Currently trade through third countries, mainly the UAE, is the only channel Based on empirical evidence of examination of specific sectors, trade between these two countries is a win-win situation In addition, when the top two deciles of the income distribution are combined India has a middle class of around 340 million individuals with growing purchasing power comparable to that of southern Europe, whereas Pakistan s middle class is estimated to be 84 million Even a 10 percent share of the Indian middle-class market would double the size of Pakistani corporations and firms Thus, the true realization of this potential can bring positive outcomes for Pakistan Embracing trade with India can boost growth in Pakistan Pakistan s exports could increase by 80 percent with a significant impact on GDP and employment According to another study of the World Bank, India accounts for 80 percent of Pakistan s total unrealized potential of trade Exports of Pakistan stood at $12 2 billion in the first five months of FY24 If trade had been ocurring with India this could be $25 billion higher than the current volume of exports reflecting the positive impacts that this trade can bring Moreover, trade with India can also enhance productivity through competitiveness pressure in the domestic market in Pakistan By tapping into the missing market Pakistani entrepreneurs can drive innovation and make their entrepreneurial ventures flourish India is among the top exporters of wheat and Pakistan can benefit from it in mitigating the impact of back-breaking inflation on the poor strata of population In addition, trade with India is also beneficial for Pakistan’s energy sector
MoMMen Khan
The immediate effects of climate change could not be as big as the demand from people and inadequate irrigation and storage infrastructure Seasonal variations decreased runoff and the melting of glaciers are all expected effects of longterm temperature increases Pakistan s important concerns are the depletion of reservoirs and the strain on groundwater, significant land degradation, desertification and dryland expansion due to human activities such as overgrazing over-exploitation of water resources over-cultivation and excessive fertilizer use Established in 2019 the Ministry of Climate Change in Pakistan aims to tackle climate change adaptation, enhance energy conservation, and optimize fuel mix usage Forecasts indicate that shifting weather patterns will result in more severe droughts, heatwaves and intensified tropical cyclones To counter these challenges it is imperative to implement policies aimed at mitigating floods and droughts curbing greenhouse gas emissions and adopting adaptation and mitigation strategies This includes investing in climate-resilient agriculture, implementing water conservation measures, and transitioning towards renewable energy sources International collaboration is paramount as addressing the impacts of global warming necessitates collective action to secure a sustainable future for forthcoming generations Pakistan must address declining agricultural productivity, bolster urban resilience, expedite the transition to sustainable energy and low-carbon transportation, enhance human capital and align financial policies to support climate initiatives These efforts entail restructuring subsidies promoting climate-resilient agricultural practices reducing energy expenses and enhancing water sanitation, and educational facilities A comprehensive financing strategy, involving both private sectors and international support, is essential for achieving sustainable and inclusive development Given Pakistan’s vulnerability to the adverse effects of climate change urgent global action is imperative to avert heatwaves and safeguard lives The writer has a PhD in Political Science and is a visiting faculty member at QAU Islamabad He can be reached at zafarkhansafdar@yahoo com and tweets @zafarkhansafdar
A c o m p r e h e n s i v e f i n a n c i n g s t r a t e g y, i nvo l v i n g b o t h p r i va t e s e c t o rs a n d i n t e r n a t i o n a l s u p p o r t , i s e s s e n t i a l fo r a c h i ev i n g s u s t a i n a b l e a n d i n cl u s i v e d ev e l o p m e n t . G i v e n Pa k i s t a n Ês v u l n e r a b i l i t y t o t h e a dv e rs e e f f e c t s o f cl i m a t e c h a n g e , u rg e n t g l o b a l a c t i o n i s i m p e r a t i v e t o av e r t h e a t w av e s a n d s a f e g u a rd l i v e s .
Dr Zafar Khan SafDar
I t ’s b a d b u s i n e s s to s t ay a l o o f
The prevalence of smoking among youth
Th
dr M rahiM Nasar
celebrating the day was to inform the public about the danger of using tobacco, drawing attention to the business practices of tobacco companies and the efforts of WhO for fighting the tobacco epidemic and the preventable deaths and diseases it causes The statement further explained what the people around the world could do to claim their right to health and healthy living and to protect future generations in addition to this it emphasized to stop illicit trade of tobacco ban tobacco advertising promotion and sponsorship propagate it as anti-environment and moreover to grow food not tobacco Tobacco users are found everywhere in the world No corner of the world is free from smokers however, their intensity is found more in the low and middle income countries Pakistan is one of these countries where the statistics regarding smoking addicts is growing Though these smokers acknowledge that cigarette smoking is injurious to health and a financial loss; and they are willing to quit it as the research indicates, but in reality, their number is increasing regrettably Youth is the most important segment of a society They are the future of the country so they should be rescued at all costs from smoking habits
The prominent causes behind using tobacco among the young cohort is the perceived accessibility and the unchecked prevalence of cigarettes The studies have outlined that the company society peer smokers electronic smoking (e-smoking) and different flavours in e-smoking are the prominent causes pulling the masses especially youth, to smoking orientation it is
further noted that the negligence and lack of proper supervision of parents or parents being smokers are the other susceptible factors attracting children to the onset of cigarette smoking Additionally, in many cases the smoking trends emerge in youth due to lingering job unavailability and stress during studies Moreover the outlawed selling of e-smoking devices and their open practices in the public places are not the least responsible factors for booming cigarette orientation Using tobacco is equally dangerous to the human body irrespective of age, but ironically it is dealt with adversely in our society we usually observe the elders always prohibit and scold the children for smoking cigarettes but they themselves smoke heavily it seems like smoking is dangerous for children only but good for elders Tobacco use never carries a good fame Besides familial and social stigma it carries physical and mental health issues it brings about lung and heart diseases that is lung cancer cardiovascular disease upper respiratory tract infections (URTis), bronchial asthma in children, chronic impacts on passive smokers, and so on Tobacco kills over 163 600 people each year in Pakistan Additionally 31 000 death cases are reported due to exposure to second-hand smoke The economic loss in this regard is about Rs 615 07 billion which is equal to 1 6 percent of the total national GDP in 2019 The economic cost of smoking was about five times greater than the revenue from the tobacco industry in Pakistan a number of laws ordinances and acts have been formed to counter the tobacco use These laws included Cigarette (printing of warning) ordinance 1979, Prohibition of smoking in enclosed places and protection of nonsmokers health ordinance 2002 Federal excise act 2005 and the Federal excise rules 2005 To make these codes effective and viable several amendments have been made over time Moreover,
Consequent
was passed and 31 May was declared as the world “No Tobacco Day” The purpose of
Hate speech and disinformation in South Africa’s elections
Narendra Modi’s audacity of hate
“ Nseen vividly in the monitoring of social media during elections south Africa is a case in point A powerful big data analysis was recently published about online attacks on women journalists there, raising the alarm about escalation around and after the election several groups working with data are attempting to monitor hate speech and disinformation on social media ahead of south Africa s national and provincial polls At a recent workshop involving 10 of these initiatives participants described trying to detect co-ordinated information operations that could harm the election, including via foreign interference But these researchers can’t get all the data they need because the tech compa-
the researchers can’t do the necessary deep data dives They’ve set out the difficult data conditions they work under in a public statement explaining how they are severely constrained in their access to data
One data source they use is expensive (and limited) packages from marketing brokers (who in turn have purchased data assets wholesale from the platforms)
A second source is from analysing published posts online (which excludes in-group and WhatsApp communications) Using scraped data is limited and labour-intensive Findings are superficial And it s risky: scraping is forbidden in most platforms terms of use
None of the researchers covering south Africa s elections has direct access to the platforms own Application Programme interfaces (APis) These gateways provide a direct pipeline into the computer servers hosting data This major resource is what companies use to profile users amplify content target ads and automate content moderation it s an essential input for monitoring online electoral harms in the EU, the Digital services Act enables vetted researchers to legally demand and receive free, and potentially wide-ranging, APi access to search for “systemic risks” on the platforms it’s also more open in the Us There Meta the multinational technology giant that owns and operates Facebook instagram and WhatsApp cherry-picked 16 researchers in the 2020 elections (of which only five projects have published their findings) The company has subsequently outsourced the judging of Facebook and instagram access requests (from anywhere worldwide) to the University of Michigan One of the south African researchers tried that channel without success Other platforms such as TikTok are still making unilateral decisions even in the Us as to who has data access Outside the EU and the Us, it s hard even to get a dialogue going with the platforms
THE FIGHTBACK: Last November, i invited the bigger tech players to join a workshop in Cape Town on data access and elections in Africa There was effectively no response
O party or candidate shall include in any activity which may aggravate existing differences or create mutual hatred or cause tension between different castes and communities religious or linguistic ” so reads the rulebook for indian elections has anyone told Narendra Modi? india s prime minister has resorted to overtly islamophobic language during the two-month campaign painting india s 200 million Muslims as an existential threat to the hindu majority Laughably, the body charged with conducting free and fair polls did issue a feeble call for restraint from “star campaigners” With the indian election results out next week one commentator warned Mr Modi has put a target on indian Muslims backs redirecting the anger of poor and marginalised hindu communities away from crony capitalists and the privileged upper castes Mr Modi s tirades are meant to distract an electorate suffering from high inflation and a lack of jobs despite rapid economic growth his Bharatiya Janata party’s political strategy is to emphasise threats to hindu civilisation and the need for a united hindu nation against Muslims however Mr Modi has fused this hindu nationalism with the idea that he was sent by God The Congress party s Rahul Gandhi, his main opponent, suggested that anyone else making such a claim needed to see a psychiatrist Religion Karl Marx wrote is the opium of the people This thought still resonates in places where organised religion remains a powerful force That is why Donald Trump also claims to be doing God s work in india, poor people often see politicians as gods delivering relief to numb the pain of reality By claiming to be divine Mr Modi is making devotees
the role of misled punters and the fuel provided by mysterious corporate algorithms MONITORING: Looking at social media in the south African elections the researchers at the recent workshop shared how they were doing their best with what limited data they had They were all monitoring text on social platforms some were monitoring audio, while
The same pattern is evident in an initiative earlier this year by the south African National Editors Forum The forum suggested a dialogue around a human rights impact assessment of online risks to the south African elections They were ignored Against this background, two south African NGOs the Legal Resources Centre and the Campaign for Free Expression are using south Africa s expansive Promotion of Access to information Act to compel platforms to disclose their election plans But the companies have refused to respond, saying they do not fall under south African jurisdiction This has led to appeals being launched to the country’s information Regulator to compel disclosures Further momentum for change may also come from Unesco which is promoting international Guidelines for the Governance of Digital Platforms These highlight transparency and the issue of research
Saturday 1 June 2024 COMMENT 05
use
very common
all age
penetrating quite speedily among
cents
youth The age group that falls between 25 to 44 is the most reported cohort involved
smoking cigarettes
currently more than
billion
world’s population smoke cigarettes
major portion
the young generation The organization further affirms that nearly five trillion cigarettes are consumed each year, causing more than eight million deaths which include an estimated
million non-smokers
are exposed
second-hand smoke
are passive smokers in addition to this smoking
nearly
trillion loss each year to the world economy
gravity
situation
traumatic
AT smoking is harmful to health is a universal fact and a very common statement But ironically in reality it is dealt otherwise in our society, and the number of smokers is increasing equally and rapidly every day and every year across the country smoking is the first ladder that elevates someone to the addiction of heavy drugs ultimately it is the most common and traditional form of tobacco used worldwide however, it has been renewed with other forms like cigars, heated tobacco, pipe tobacco, shisha, hookah and so on Tobacco
is
among
groups nevertheless it is
adoles-
and
in
The UN says that
1 3
of the
and a
is
1 3
who
to
or
causes
$2
While looking into the
and severe consequences of smoking trends the UN envisaged the
as
upon this, a resolution
different committees
been constituted in different times on tobacco advertisements, guidelines, punishment standards increasing taxes
securing the other non-smokers
in this move besides gov-
large number
pri-
non-governmental
working to minimize the prevalence of smoking orientation and control the onset of tobacco use But unfortunately the state has not yet been succeeded in this move More than 163 600 people die from tobacco-related diseases each year in the country as mentioned above sadly, Pakistan is one of the most prominent countries among others in terms of cigarette smoking tendency among youth To counter tobacco usage the basic responsibility comes on the shoulders of the government to bring structural changes take pragmatic steps and show zero tolerance to mitigate the smoking prevalence to the maximum level Certainly Pakistan has been found increasing the rates and prices of tobacco more heavily and frequently which has borne some fruitful results but more work is yet to be done to minimize tobacco usage Furthermore, there is the need to restrict the perceived accessibility of smoking, engage children and youth in sports and other physical activities develop negative concepts among them about tobacco and its use propagate anti-smoking advertisements and campaign through all possible media forums whether electronic, print or social media; strictly ban the illegal trade of tobacco products because it is argued that 10 in every 100 cigarettes and tobacco products consumed globally are illicit Besides this in a personal capacity the young generation should also adopt some measures by changing their routine engaging in sports going to playgrounds, arrange outings with friends, try to avoid smoker peers and smoking places and adopt the practice of chewing sugarless gum or hard candies Muhammad Rahim Nasar Lecturer in the Department of Sociology University of Balochistan Quetta Email rahimnasar83@gmail com 31 May was marked as ‘ World No -Tobacco Day ’ T h E R E s a growing global movement to ensure that researchers can get access to the huge quantity of data assembled and exploited by digital operators Momentum is mounting because it’s becoming increasingly evident that data is power And access to it is the key for a host of reasons not least transparency human rights and electoral integrity But there s now a massive international asymmetry in access to data in the EU and the Us, some progress has been made For example, EU researchers studying risks have a legal right of access in the Us too, some companies have taken voluntary steps to improve access The situation is generally very different in the global south The value of data access can be
nies don’t give them access This has been a concern of mine since i first commissioned a handbook about harmful online content Journalism Fake News & Disinformation: handbook for Journalism Education and Training six years ago My experience since then includes overseeing a major UN study called Balancing Act: Countering Digital Disinfor-
While Respecting Freedom of Expression Over the years
learnt that to dig into online disinformation you need to get right inside the social media engines Without comprehensive access to the data they hold you re left in relative darkness about the workings of manipulators,
a few were looking at synthetic content such as material produced with generative Ai About half of ten initiatives were tracking followers, impressions and engagement Nearly all were checking content on Twitter; at least four were monitoring Facebook; three covered YouTube; and two included TikTok WhatsApp was getting scant attention Though most messaging on the service is encrypted, the company knows
doesn t disclose) which registered user is bulk sending content to which others, who forwards this on, whether group admins are active or not, and a host of other metadata” details that could help monitors to track dangerous trajectories But
have
and
Additionally
ernment organizations a
of
vate institutions and
organizations are
mation
i’ve
(but
access Unesco has also published a report that i researched titled Data sharing to Foster information as a Public Good in the works is an incipient African Alliance for Access to Data now involving five pan-African formations This coalition (i’m interim convener) is engaging the AU on the issues But there s no guarantee yet that all this will lead the platforms to open up data to Africans and researchers in the global south Guy Berger is Professor Emeritus, Rhodes University
CONVERSATION G U Y B E r G E r
comprehensive access to the data, you’re lef t in relative darkness about the workings of manipulators, the role of misled punters and the fuel provided by mysterious corporate algorithms
prime minister encourages a belief in his divinit y,
to think it is
od
to spread fear
T h e r e i s t h e n e e d t o r e s t r i c t t h e p e rc e i v e d a c c e s s i b i l i t y o f s m o k i n g , e n g a g e c h i l d r e n a n d yo u t h i n s p o r t s a n d o t h e r p hy s i c a l a c t i v i t i e s , d ev e l o p n e g a t i v e c o n c e p t s a m o n g t h e m a b o u t t o b a c c o a n d i t s u s e , p ro p a g a t e a n t i - s m o k i n g a dv e r t i s e m e n t s a n d c a m p a i g n t h ro u g h a l l p o s s i b l e m e d i a fo r u m s w h e t h e r e l e c t ro n i c , p r i n t o r s o c i a l m e d i a ; s t r i c t ly b a n t h e i l l e g a l t r a d e o f t o b a c c o p ro d u c t s
Without
India’s
leading followers
G
’s purpose
and loathing
of voters encouraging a belief that it is God s purpose to target minorities outlaw dissent and ride roughshod over constitutional protections it is depressing to think that Mr Modi will win a third election victory There is small comfort in believing the BJP probably won t achieve Mr Modi’s goal of winning nearly three-quarters of the country’s 543 parliamentary seats Foreign investors are pulling out their cash from india’s stock market citing uncertainty about the results Ten years ago Mr Modi promised jobs would be his top priority Yet unemployment has barely budged despite india being the world s fastest growing major economy Four-fifths of its unemployed are young people More working-age women are employed as a percentage of the workforce in Nepal and Bangladesh than in india The fruits of growth are landing in the lap of india s rich drawn almost exclusively from country s the upper castes who back the BJP Unsurprisingly, under Mr Modi indian inequality reached its highest ever recorded level shrinking such gaps is not just a moral imperative but a necessary condition for economic growth human development is an outcome of social cooperation which is made harder in a stratified society where divisions are encouraged A report for Thomas Piketty s World inequality Lab suggested an annual wealth tax and an inheritance tax on the 370,000 indians earning €1 2m a year, who currently hold over a quarter of the country’s total wealth This, the authors say should be used to double the current public spending on education which has stagnated at 2 9% of GDP over the past 15 years Reducing inequality has been a feature to his credit of Mr Gandhi s campaign The trouble for india is that Mr Modi has a knack for turning anger and fear into political power
GUARDIAN E d i to r i a l
h i s was the election of uncertainty We knew that long before Wednesday The ANC s strained battle to cling to a majority has been a narrative no one has escaped But what’s striking as the count ticks up and the picture is slowly coloured in is just how unsettling that uncertainty is in real time At the time of publication coalitions at different levels of government are almost guaranteed The ruling party will no longer rule on its own One of the chief orchestrators of the ANC s decline is also the chief suspect behind the deterioration of south Africa Jacob Zuma has returned to south African politics Even if his physical being does not pass through the doors of parliament there can be no illusions about the influence that his spectre will command That is a fearful prospect for a country still treating the gaping wounds of state capture Zuma was not merely a bad leader he threatened to dismantle the infrastructure that upholds our democracy Fortunately he was not allowed to succeed Our judiciary remains strong our media is still free and our democracy robust But as a nation we have been through far too much to ever take those privileges for granted or to ever believe they are inoculated against the whims of malefactors Beyond Zuma, this election has not been a bulwark on which we can comfort ourselves Complaints murmurs and misinformation have been rife These are standard appendages of the election beast and we should temper our judgement until the mist has cleared still confusion begets uncertainty and this will exacerbate the worries many have about the system that governs them Research suggests that south Africans are not only losing faith in their leaders and the government but also in the concept of democracy itself That reality might be reflected in the turnout figures The Electoral Commission of south Africa initially put long, late-night queues down to an enthusiastic electorate out to make their mark matching or even surpassing 2019 turnout numbers The final figure, at the time of going to print, is estimated by most analysts to fall short of that 66% if this is so it could mean another national poll in which the number of apathetic citizens swelled how much further can this number plummet before we begin to question the legitimacy of the result? Before the voters choice ceases to be the will of the people? We’re not at that point yet, but it should frighten us that it is approaching Our last election demand must now be to the politicians who will decide the country s future in the coming 14 days Any allegiance must be forged with a cohesive national plan at its forefront and not be beholden to convenience Failing that may scupper the last chance we have to realise the dreams we first dared to have 30 years ago Uncertainty looms over South Africa as ANC faces decline and potential coalitions MAIL AND GUARDIAN E d i to r i a l
T
DONALD TRUMP FOUND GUILT Y ON ALL CHARGES IN HUSH MONEY TRIAL
said: “It’s a disgrace And I mean that Mother Teresa could not beat those charges But we’ll see We ll see how we do
According to strategists quoted by The Hill, said: It is to Trump s benefit to create a narrative that the case is stacked against him, lowering the bar in the event he is convicted or allowing him to declare victory against a rigged system in the event he is found not guilty So I ll stay around here This is five weeks and five weeks of really essentially not campaigning, although I took a big lead in the polls over the last few weeks,” he said
“Something is going on Because I think the people of this country see that this is a rigged deal Since the trial of Donald Trump commenced last month, people started wondering about the future of the business mogul who had been indicted four times in different cases Trump was first indicted last year in
Swiss peace conference on Ukraine falls shor t of requests; China won’t attend: FM
China confirmed on Friday that it will not attend a Ukraine peace conference in Switzerland next month, as the meeting falls short of China s requests, according to Chinese Ministry of Foreign Affairs spokesperson Mao Ning Mao emphasized that China values the hosting of the Ukraine peace summit in Switzerland and has maintained close communication with Switzerland and relevant parties since the beginning of the year However Mao expressed that the meeting arrangements have fallen short of China s requests and the general expectations of the international community, making it difficult for China to attend the meeting The Chinese spokesperson emphasized that China consistently insists that international conference on Ukraine should have the recognition of both Russia and Ukraine equal participation of all parties and fair discussions on all peace proposals, as these three elements are crucial for the effectiveness of restoring peace
Is
March for his alleged hush-money payment to an adult film star Stormy Daniels in 2016, during his maiden bid for the White House However, Donald Trump can still run for the White House despite being convicted Ilya Somin a professor of
Whether
The
Defense chiefs of US, C hina hold ‘construc tive’
Chinese Defense Minister Dong Jun and U S Defense Secretary Lloyd Austin on Friday exchanged views on China-U S relations, military-to-military ties, the Taiwan question, the South China Sea issue, the Ukraine crisis and the Palestinian-Israeli conflict Dong and Austin held talks on the sidelines of the Shangri-La Dialogue Asia s annual defense and security forum, in Singapore on Friday afternoon, the first in-person meeting between Chinese and U S defense chiefs since November 2022
It was a positive pragmatic and constructive strategic communication, said Wu Qian, a spokesperson for the Chinese Ministry of National Defense, at a press briefing after the meeting, which lasted 75 minutes longer than the previously scheduled one hour
The talks took place according to the agreement between China and the U S , said Wu
Generally speaking, the talks have helped both sides enhance understanding of each other to avoid miscalculations ” said Wu
As a next step the two sides will continue to maintain communication and exchanges through military and diplomatic channels, the spokesperson told reporters in Singapore On military-to-military relations
During the talks Dong said the relationship between the two militaries has stabilized which is hardwon, and the two militaries should adhere to the bottom line of nonconflict and non-confrontation and serve as a real stable cornerstone of China-U S relations according to a statement issued by the Chinese Ministry of National Defense
talks in S ingapore
The purpose of communication between the two militaries is to enhance understanding, eliminate misunderstandings and accumulate mutual trust said Dong
The Chinese defense minister urged the U S side not to disregard facts shift blame shirk responsibility or attempt to discredit and suppress others
He also noted that a sound development of a military-to-military relationship between China and the United States is in the common interest of both sides and also follows the general expectation of the international community
The Chinese defense minister expressed hope that the U S will be consistent in its words and deeds act in the same direction as the Chinese side and effectively implement the common understandings reached by the two heads of state
Both sides should adhere to the principles of peace, stability and trust strengthen exchanges take responsibility and promote exchanges so as to explore a way for the two militaries to get along with each other that is in line with their mutual interests and meets the expectations of the rest of the world,
said Dong On the Taiwan question
The Chinese defense minister stated China’s solid position on the Taiwan question Dong said the Taiwan question is an utterly internal affair for China in which external forces have no right to interfere, in comments referring to the U S side sending “congratulations” and a delegation when Lai Ching-te assumed the role of the Taiwan region s new leader weeks ago
What the U S has done seriously violates the one-China principle and the three China-U S joint communiques, breaches its commitments, and sends a seriously wrong signal to “Taiwan independence” separatist forces he said
The Chinese side is resolutely opposed to this Dong urged the U S to correct its wrongdoing, abide by the oneChina principle, and not to assist “Taiwan independence” with force in any way On the South China Sea issue China opposes the deployment of a mid-range missile system by the U S in the Philippines under the excuse of military exercises, Dong told Austin during the talks
relations have constantly achieved new development Since the establishment of the comprehensive strategic partnership in 2013, bilateral cooperation and exchanges in economy and trade, investment, culture and people-topeople exchanges have been further deepened and expanded he said On the occasion of jointly celebrating
S t d y 1 J 2024 | K AR ACHI 06 NEWS NEW YORK A G E N C I E S F O R M E R President Donald Trump has been found guilty on all 34 counts in his New York criminal hush money trial, making him the first former US president to be convicted in the country’s history The jury held deliberations for two days The Jury has set July 11 for his sentencing New York Supreme Court Justice Juan Merchan allowed him to remain free without any need for bail The case centred on allegations that he falsified business records to hide a hush money payment to porn star Stormy Daniels ahead of the 2016 presidential election Prosecutors initially alleged that the former president falsified the records to conceal unlawfully interfering in the 2016 presidential election through the $130,000 hush money payment The trial lasted for over six weeks against the presumptive Republican presidential nominee Trump s conviction marks another historic moment with an uncertain impact on the 2024 presidential election After the 12-member jury started deliberations on Wednesday, Donald Trump, while talking to the media, said, “Mother Teresa could not beat these charges These charges are rigged The whole country s a mess between the borders and fake elections and you have a trial like this where the judge is so conflicted he can t breathe The 77-year-old
who is a law professor from the University of California Los Angeles has told CNN that the Republican still has a path to serving as president should he win reelection in 2024 The Constitution has very few requirements to serve as President, such as being at least 35 years of age It does not bar anyone indicted or convicted or even serving jail time from running as president
winning the presidency Hansen said who is an expert on election law
ambiguity remains about
president serving in jail “How someone would serve as president
prison is a happily untested question
said Hansen also said
Trump can pardon himself if reelected
law at George Mason University was quoted by The Hillas saying: It is certainly true that being convicted or even being in prison doesn’t prevent you from running for president or even from being elected ” “Assuming the office though would be a difficult situation if the president were in prison Richard L Hasen,
and
Nevertheless, the
a
from
” Hasen
that
is untested
he can do so
Supreme Court may have to weigh in, Hasen said, adding that Trump could “potentially appeal a conviction to the conservative Supreme Court ”
BEIJING S TA F F C O R R E S P O N D E N T
BEIJING S TA F F R E P O R T
requirements for the summit are fair and impartial, not targeting any specific party, as reflected in the recent joint statement with Brazil on the political resolution of the Ukraine crisis It also highlights the global concern especially among developing countries Mao continued Based on feedback from various parties and the disclosed meeting arrangements, it appears that China s three key elements are difficult to achieve, Mao said China will continue to promote dialogue and peace in its own way maintain communication with all parties and work together to create conditions for a political resolution of the Ukraine crisis Mao said In the recent joint statement with Brazil, China and Brazil clearly stated they support an international peace conference held at a proper time that is recognized by both Russia and Ukraine, with equal participation of all parties as well as fair discussion of all peace plans Xinhua News Agency reported In addition China and Brazil jointly issued a six-point consensus on their common understanding for the political settlement of the Ukraine crisis, calling on all relevant parties to observe three principles for deescalating the situation – no expansion of the battlefield no escalation of fighting and no provocation by any party – and stating that “dialogue and negotiation are the only viable way out of the crisis Buckingham Palace makes big announcement about Kate Middleton LONDON A G E N C I E S Princess of Wales Kate Middleton will not be taking the salute at the Colonel’s Review the traditional rehearsal on June 8 for King Charles Trooping the Colour Buckingham Palace has confirmed Royal expert Richard Palmer took to X formerly Twitter handle and confirmed Buckingham Palace s announcement He tweeted, The Princess of Wales, who is expected to return to official duties only when given the all-clear by doctors after her cancer treatment will not be taking the salute at the Colonel s Review the traditional rehearsal on June 8 for Trooping the Colour Buckingham Palace says Lieutenant General James Bucknall the former commander of the Allied Rapid Reaction Corps, will take the salute at the Colonel s Review The honour was due to fall to Kate in her role as Colonel of the Irish Guards Another royal expert Cameron Walker also tweeted NEW: Kensington Palace confirms The Princess of Wales will not take part in the Colonel s Review on 8th June as she continues her cancer recovery General James Bucknall K C B , C V O will carry out the role of Inspecting Officer on behalf of The Princess ” Kate Middleton is currently undergoing cancer treatment after she confirmed shock diagnosis in March Impact of Trump’s conviction on 2024 presidential election in US? WASHINGTON S TA F F R E P O R T Donald Trump s historic criminal conviction has dramatically reshaped the 2024 presidential campaign, thrusting it into uncertain territory The focus now is on how Trump and his rivals will navigate the challenges ahead Trump’s response and campaign strategy Immediately after being found guilty on all 34 charges in his New York hush-money trial Trump transitioned swiftly from courtroom to campaign mode Declaring himself a political prisoner, he compared his situation to historical figures like Nelson Mandela, reinforcing his narrative of being targeted by a “deep state ” On Friday, Trump is set to address the public from Trump Tower Despite the gravity of his New York conviction he also faces three more severe indictments related to his efforts to overturn the 2020 election results and mishandling classified documents However, these cases are unlikely to go to trial before the November election Biden’s calculated silence President Joe Biden has thus far refrained from exploiting Trump’s legal troubles avoiding comments that might appear as interference in the justice system a concern for Republicans who allege political meddling Instead, Biden s campaign emphasized that no one is above the law while urging a focus on the election, labeling Trump as a significant threat to democracy Biden himself has remained silent on the conviction maintaining his busy schedule including meetings with the Belgian prime minister and a celebration with the Kansas City Chiefs Historic implications Trump s conviction marks the first time a former US president has been found guilty of a crime If he wins the election on November 5, he would set another unprecedented record by returning to the White House under such circumstances The jury concluded that Trump falsified business records to conceal a payment to porn star Stormy Daniels intended to prevent her from publicizing an alleged affair that could have jeopardized his 2016 campaign BEIJING S TA F F C O R R E S P O N D E N T Chinese President Xi Jinping and Malaysian King Sultan Ibrahim Sultan Iskandar on Friday exchanged congratulations on the 50th anniversary of diplomatic ties between the two countries China and Malaysia are neighbors with a millennium-old friendship, friends whose hearts are connected and partners for winwin cooperation, Xi said Over the past half a century the two countries have always treated each other with sincerity supported each other in solidarity and sought development together Xi said adding that China-Malaysia relations have always been at the forefront of regional countries The Chinese president noted that in 2023, the two sides reached an important consensus on jointly building a China-Malaysia community with a shared future ushering in a new historical stage in bilateral relations The friendship between China and Malaysia is deeply rooted in the hearts of the people, providing an inexhaustible driving force for the continuous development of bilateral relations he said Xi said he recently received a letter from Malaysian students studying at Tianjin University in China who are determined to be messengers and promoters of ChinaMalaysia friendship and aspire to use their knowledge to help build the China-Malaysia community with a shared future He said he is pleased to see that the cause of friendship between the two countries will be carried on over generations Stressing that China-Malaysia relations have reached a new historic starting point, Xi expressed readiness to work with King Sultan Ibrahim to guide the building of the China-Malaysia community with a shared future for new accomplishments to bring more benefits to the two peoples make greater contributions to regional prosperity and stability and jointly usher in the next 50 brilliant years of China-Malaysia relations For his part, Sultan Ibrahim said that since the establishment of diplomatic ties 50 years ago Malaysia and China have always respected and trusted each other and bilateral
the 50th anniversary of diplomatic ties Malaysia will always work hand in hand with China to bring prosperity and deliver benefits to the two peoples, he added Chinese Premier Li Qiang and Malaysian Prime Minister Anwar Ibrahim also exchanged congratulations on the 50th anniversary of diplomatic ties between the two countries on Friday In his congratulatory message, Li said China is ready to join hands with Malaysia to take the anniversary as a new starting point to deepen the alignment of development strategies expand mutually beneficial cooperation, and promote understanding and bonding between the two peoples to enrich the connotation of the China-Malaysia community with a shared future X i , M a l ays i a’s K i n g exc h a n g e c o n g r at u l at i o n s o n 5 0 t h a n n i ve r s a r y o f d i p l o m at i c t i e s Donald Trump the first former U S president to be convicted of a crime will remain a free man while he awaits sentencing and could avoid a prison term entirely for falsifying business records to cover up a hush money payment to a porn star Here is a look at what s next for the Republican candidate for president against Democratic President Joe Biden in a Nov 5 election What happens now? The judge presiding over the case, Juan Merchan, must first approve the verdict and enter a final judgment though this is typically a formality Criminal defendants in New York are typically sentenced within several weeks of conviction but post-verdict legal wrangling can sometimes lead to months of delays In the meantime, lawyers and prosecutors will recommend sentences and then argue over them at Trump’s sentencing hearing where Merchan will make a decision Will Trump go to prison? That is unlikely The maximum sentence for Trump’s crime of falsifying business records is 1-1/3 to four years in prison It is rare for people with no criminal history who are convicted only of falsification of business records to be sentenced to prison in New York Punishments like fines or probation are more common Defendants convicted of falsifying business records who get sentenced to time behind bars typically serve a year or less and even in those cases most were convicted of other crimes such as fraud or grand larceny – unlike Trump A G E N C I E S
China’s
Donald Trump going to jail following guilty
t
hush money trial? CORPORATE CORNER Muhammad Abdullah a senior journalist from Lahore has been appointed as the Incharge Urdu News Service at the Associated Press of Pakistan (APP) Lahore Bureau The APP administration has also issued a notification in this regard Muhammad Abdullah is currently fulfilling his duties as Chief Reporter in Grade 18 at APP Lahore PR
verdic
in
CDWP OK AYS $2B K ARAKORAM HIGHWAY CONSTRUCTION AHEAD OF PM’S CHINA VISIT
KP slaps tax on marble and granite among 54 mines, minerals
Aleem Khan direc ts to simplify business registration pro cess
07 NEWS Saturday 1 June 2024 | K AR ACHI CORPORATE CORNER PR OFIT M O N I T O R I N G D E S K A H E A D of Prime Minister Shehbaz Sharif ’s visit to China next week the Central Development Working Party (CDWP) has cleared the construction of approximately 241 kilometres of the high-altitude Karakoram Highway (KKH), under the China-Pakistan Economic Corridor (CPEC), at an estimated cost of Rs567 5 billion (approximately $2 billion) This was one of two infrastructure projects worth Rs609 45 billion recommended by the CDWP to the Executive Council of the National Economic Council (Ecnec) for formal approval The KKH part of the CPEC is expected to receive Ecnec s approval in a special meeting before the Prime Minister s departure to Beijing on June 4 The project is proposed to be financed through a Chinese soft loan worth RMB 14 775 billion,” announced the Planning Commission The first phase of the KKH project involves upgrading improving and realigning the KKH from Thakot to Raikot Bridge The road s total length is 241 086 km, including 224 911 km of the mainline KKH and 16 175 km of link roads The project includes upgrading KKH from Thakot to Dasu with a 103km bypass, relocating KKH at Dasu Dam by Wapda, upgrading the road from Sazin to Thor Nullah and R-1, and new construction of KKH after BashaThor Nullah The project is scheduled for completion in five years The entire KKH spans approximately 806 km from Hassan Abdal in Punjab near Islamabad to the Pak-China border forming part of the historic Silk Route The Deputy Chairman of the Planning Commission Dr Jehanzeb Khan chaired the CDWP meeting The CDWP approved another project of Rs42 billion, the 108MW Golen Gol Hydropower project in Chitral, Khyber Pakhtunkhwa which will also be foreign-funded
THROUGH A CHINESE SOFT LOAN ISLAMABAD S TA F F R E P O R T On the directives of Federal Minister for Energy Power Division, Sardar Owais Ahmad Khan Leghari, and Federal Secretary Power Rashid Langrial Chief Executive Officer of IESCO Dr Muhammad Amjad Khan held a Zoom meeting with representatives of print and electronic media to provide timely information regarding load management on 11 kV feeders shutdowns for development work at the request of district administration, and voltage issues in the system The Chief Executive stated that the purpose of this meeting was to enhance cooperation and timely information access between the organization and the media as the media plays a crucial role in identifying and resolving consumer issues He requested media representatives to directly inform him if they encounter any corruption unscheduled load shedding mistreatment of consumers by officers or staff, delays in providing electricity connections, etc , within the IESCO region, so that prompt action can be taken against lazy and inefficient officers and employees and consumer issues can be resolved in a timely manner The esteemed media representatives appreciated IESCO s initiative and assured
g PROJECT WAS RECOMMENDED TO EXECUTIVE COUNCIL OF NATIONAL ECONOMIC COUNCIL FOR FORMAL APPROVAL AND WILL BE FINANCED
TcL unveils world's largest premium QD -Mini LeD T V 115" X955 Max in K arachi K A R A C H I: TCL, Pakistan’s No 1 LED TV brand, recently held its highly anticipated launch at District 19 Karachi This esteemed gathering provided an ideal platform for TCL to unveil its latest range of Mini and QD-Mini LED TVs including TCL 115 X955 Max the world s largest QD-Mini LED TV This new line of televisions sets a new benchmark in home entertainment with its state-of-the-art technology and superior visual and audio performance The event welcomed distinguished guests including executives partners industry insiders sports personalities media moguls and renowned celebrities for an exclusive preview of groundbreaking technological advancements, featuring immersive demonstrations Attendees had the opportunity to engage directly with the new lineup of the XL Collection, exploring the latest advancements firsthand and gaining indepth knowledge from the experts behind the technology PR exper ts c all for use of Ai solutions to enhance produc tivity K A R A C H I: Experts urged industry and academia to adopt the modern and latest tools and solutions of artificial intelligence (AI) to enhance research, development, and productivity in every field, including business and academia Speaking at the seminar "Emerging Trends in Social Science Studies" organized by the University of Karachi AI expert Adnan Zaidi said the field of artificial intelligence will continue to explore new domains to assist human efforts in achieving productivity with maximum accuracy and efficiency in a short span of time; hence, utilizing it will give a competitive edge to its users on a long-term basis, whether it is industry or media For instance he said an AI tool could read hundreds of newspapers and inform its users about the category of news in a few seconds as compared to a researcher who does a few years to accomplish the same task PR PARc seminar emphasizes sustainable conservation of medicinal and aromatic plants I S L A M A B A D: (PR&P, PARC) In order to address the escalating concerns of environmental degradation and biodiversity loss seminar of the MoU project titled Conserving Pakistan s rare and threatened medicinal and useful trees and shrubs underscored the imperative need for sustainable practices in preserving natural resources, particularly medicinal and aromatic plants The seminar held at the Plant Genetic Resources Institute NARC Islamabad delved into the theme of Sustainable Conservation Practices for Medicinal and Aromatic Plants of Pakistan PR Nestlé Pakistan, UVAs ink research par tnership on dair y nutrition, iVF in cows
A H O R E: Nestlé Pakistan has collaborated with University of Veterinary and Animal Sciences to extend support on research and development projects on food science food safety livestock animal health and breeding programs Research based projects will also focus on dairy innovation nutrition profiling, qualitative and quantitative analysis of raw milk and products While signing the MoU, Prof Dr Muhammad Younus, Vice Chancellor University of Veterinary and Animal Sciences reiterated the need for strong academiaindustry relations The last decade has observed a massive change in livestock sector with increased challenges to fulfill the demand for ever escalating population There is need for commercialization of research and expertise from that can significantly contribute towards economic growth and business opportunities within country ” he said thanking Nestlé Pakistan s efforts towards academic research PR FcePL leadership visits Raast s chool for educ ational and nutritional outreach KARACHI: Managing Director FrieslandCampina Engro Pakistan (FCEPL), Kashan Hasan, along with senior leadership of the company, spent the day with the students of RAAST Welfare School in Qayyumabad Karachi as part of their ongoing collaboration to provide milk quality education and vocational training to underprivileged communities in Pakistan and to mark the start of the company s World Milk Day celebrations While addressing the event, Kashan Hasan emphasized how such partnerships are imperative for developing a safe and secure environment for children He stated: "Our partnership with Raast School underscores our commitment towards fostering healthy habits and educating the upcoming generation on the benefits of dairy As a nation fighting a difficult battle against malnutrition and stunted growth, I am proud to represent a company that is committed towards making nutrition accessible to the bright minds who will eventually shape the future of Pakistan PR Meezan
join hands to promote health, fitness K A R A C H I: Meezan Bank Pakistan s Premier Islamic bank, has recently announced a strategic partnership with Legends Arena, a state-of-the-art sports facility in Karachi The signing ceremony recently held at Legends Arena marks the beginning of a collaboration aimed at promoting sports health & fitness and community engagement Under this partnership Meezan Bank cardholders will enjoy discounted access to various premium facilities at Legends Arena including cricket pitches, futsal fields, padel courts, tennis courts, badminton courts, and more This initiative highlights the Bank’s dedication to supporting the sports and physical activity sector ensuring it remains vibrant and accessible It will further enable the Bank to deliver opportunities for its customer base to get active PR More than 400 c amels arrive at Nor thern Bypass cattle Market The influx of cattle from all over the country has intensified at the cattle market for sacrificial animals on the Northern Bypass Apart from cows bulls and goats camels have also started arriving at the cattle market Various breeds of camels have been brought to the market from different cities of Pakistan More than 400 camels have arrived from cities including Sindh, Dera Ismail Khan, Bahawalpur, and Rahim Yar Khan The market features camels of different breeds including Lari Sindhi Thari Sakra Pahari and Desi According to the spokesman of the cattle market Naveed Baig the splendor of the market is increasing every day, and a large number of citizens are visiting the market to purchase sacrificial animals The facilities at the cattle market have been enhanced this year for the convenience of buyers coming from different areas of Karachi Well-known restaurants mosques toilets ample parking and effective security arrangements have been provided A large number of citizens are visiting the market from evening till night Police personnel and mobile units have been deployed on the main roads leading to the cattle market, and temporary checkpoints have also been constructed Police patrolling is ongoing on the roads coming from Gulshan-e-Maymar Ahsanabad Surjani and Site Super Highway ensuring security during the day as well as at night PR The Extraordinary General Meeting (EOGM) of the Bank of Khyber (BoK) was held on May 31 2024 at the BoK Head Office in Peshawar During the meeting, elections for the Board of Directors were conducted and ratified Additionally, a proposal to establish a dedicated Exchange Company was presented and approved This new entity will enhance the bank's services by providing specialized foreign exchange transactions, aligning with BoK s strategic growth plans PR ISLAMABAD P R Federal Minister for Board of Investment Privatization and Communications Abdul Aleem Khan while presiding over a special meeting on Ease of Doing Business has directed that the Board of Investment should simplify the registration process for new businesses He added that it is vital to clarify the features of the Pakistan Business Portal which will soon be presented to the Prime Minister Federal Minister Abdul Aleem Khan further said that FBR and Security Exchange Commission should ensure online facilities at one window so that all relevant departments can facilitate business community including registration for starting their new setup Abdul Aleem Khan said that it should be ensured that unnecessary rules and regulations hindering investment are removed so that the policy of accelerating investment can be implemented Federal Minister Abdul Aleem Khan directed the Board of Investment to keep in view the important models for Pakistan Business Portal including other countries and emphasized to create a policy framework
UNITED KINGDOM/ LAHORE P R The youngest Nobel laureate Malala Yousafzai, co-founder of Malala Fund announced a new scholarship initiative in support of Palestinian students at the University of Oxford during her keynote address at the Oxford Pakistan Programme (OPP) Fundraiser Dinner Part of the Refugee Academic Futures Programme at Oxford Malala Yousafzai highlighted how the Graduate Scholarship for Palestinian Students aims to break down the financial barriers that prevent Palestinian students from accessing Oxford's esteemed educational opportunities In her address she highlighted the devastating impact of the recent conflict in Gaza on educational opportunities "More than 80% of Gaza's schools and all universities have been damaged or destroyed " she stated She emphasized that this scholarship is one of many important signals that we can provide to demonstrate solidarity with Palestinian
rebuild
do
sharing
calls to action and funding them directly ”
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Bank and Legends Arena
young people, “It will require a lasting ceasefire and then years of investment in learning opportunities to
Gaza s education system But in the interim we must all
everything we can to lend our support to as many students as possible by
their stories echoing their
scholarship
Palestinian
at oxford
ISLAMABAD P R Muslim Hands took the lead in organizing the "National Conference on Street Children in Islamabad following Prime Minister Shehbaz Sharif s announcement of an Educational Emergency " The organization pledged to enroll half a million out-of-school children over the next five years The conference brought together various stakeholders to address the critical issue of out-of-school children and develop strategies for their reintegration into the education system Chairman of the Prime Minister's Youth Program Rana Mashhood Ahmed Khan who was a keynote speaker at the concluding session, highlighted the alarming statistic of 26 million out-of-school children in Pakistan emphasizing the urgency of the situation He stated that the Prime Minister has declared an Education Emergency to address this critical issue and emphasized that youth affairs remain a top priority for the Prime Minister Syed Javid Gillani Executive Director of Muslim Hands shared significant achievements including enrolling and mainstreaming over 200,000 children into schools with an overall investment of USD 85 million in Pakistan's education sector He highlighted Muslim Hands’ contributions towards skill enhancement through core funds, institutional donors, and public-private partnerships with federal and provincial governments He commended the government s efforts in this regard and reaffirmed Muslim Hands commitment to this cause Mr Gillani also announced that Muslim Hands has pledged to enroll and retain half a million out-ofschool children over the next five years in partnership with the government and other institutional partners The two-day conference also showcased success stories through documentaries and short videos, highlighting initiatives like Sports for Development, which has a long history of success for street-connected and out-of-school children Muslim Hands to enroll half a million out- of-school children following PM’s ‘educ ational emergenc y ’ PESHAWAR A Z I Z B U N E R I The Khyber Pakhtunkhwa government has announced the inclusion of 54 types of minerals in the tax net, with a fixed tax rate ranging from Rs 30 to Rs 2,000 per ton It is considered a major step towards regulating the mining sector and generating revenue for the province The provincial government has also assured that the taxes will be used to develop the mining sector and benefit the local communities The move is expected to boost the economy of Khyber Pakhtunkhwa and create new opportunities for the mining industry A c c o r d i n g t o t h e p r o p o s e d law black granite will be taxed at Rs 1,500 per ton, while other colored granites will be taxed at Rs 5 0 0 p e r t o n G r a p h i t e w i l l b e taxed at Rs 350 per ton chalk at Rs 200 per ton gypsum at Rs 100 p e r t o n r e d c l a y a t R s 2 0 0 p e r ton China clay at Rs 100 per ton and marble at Rs 300 to Rs 1,000 per ton Similarly, marble will be taxed at Rs 2,000 per ton, magnesite at Rs 400 per ton, phosphate at Rs 1,000 per ton salt at Rs 150 per ton cement-grade limestone at Rs 300 per ton soapstone at Rs 800 per ton silica at Rs 300 per ton and sulfur at Rs 30 per ton The taxes will be collected starting from July 1 The provincial government believes that the move will generate revenue for the provincial government and promote the mining sector The government has also announced plans to establish a mineral development authority to oversee the mining industry and ensure the collection of taxes i e s c o ceo hosts zoom meeting with representatives of print and elec tronic media
Malala Yousafzai announces
for
students
Pakistan Programme Fundraiser
said the minister in the wake of the controversial social media post shared on Khan s official X formerly Twitter account A post on X was attributed to the former premier said: Every Pakistani should study the Hamood ur Rahman Commission Report and get to know who was the true traitor General Yahya Khan or Sheikh Mujibur Rahman Khawaja Asif said the former PM is trying again to create a situation like that on May 9 He went on to add that said attempts are being made to retract the tweet related to the former Bangladeshi president Barrister Gauhar [Khan] clarified that the social media team did not seek permission before tweeting, said the minister, adding that this was the first time that the party had to retract a post on their social media account
“By exaggerating the tragedy of East Pakistan today you want to
increase the tension, he said, slamming Khan and his party
The minister maintained that whether it was in politics or sports the former premier had stung everyone who had done good to him
General [Qamar Javed] Bajwa s father, General Faiz [Hamid] was his uncle, now [he is] dumping all the debris at them,” said Asif commenting on Khan’s relationship dynamics with the former military men when he was in power Meanwhile the Federal Investigation Agency s (FIA) cyber crime team on Thursday decided to initiate action against Khan over his controversial tweet on social media
To pursue an investigation the anti-crime body reached Adiala jail late Thursday night but was turned
down for a meeting by Khan According to the sources within Adiala jail, the former prime minister refused to become part of the FIA investigation related to the controversial social media post Khan refused to answer any questions from the FIA team, said the sources I will answer any question in the presence of lawyers ” he added On the other hand PTI Chairman Barrister Gohar said that the post had nothing to do with Khan as he did not see the text of the posts that were uploaded to his account “The context and comparison that we drew with 1971 was in a political context and not otherwise nothing about the army the PTI chairman said
PTI founder ’s X account being operated from US: Hasan
brewing controversy over social media post PTI Central Information Secretary Raoof Hasan on Friday asserted that the official X account of party founder Imran Khan was being operated from United States as its social media team was based in US “PTI founder Imran Khan is in jail and cannot upload videos on X himself The PTI social media team which operates from United States (US), handles the party s accounts , Raoof Hasan claimed while talking to a private news channel The PTI spokesperson clarified that Imran Khan was unaware of the video related to Sheikh Mujibur Rahman and the party s assembly members may have retweeted the video in their personal capacity He also stated that an inquiry will be conducted within the party regarding the video issue
Hasan claimed that he had not seen the video due to ‘personal engagements’, but if there is anything objectionable in the video he will discuss it with the social media team which is based in US
He added that if the video is against the party s narrative, it will be rectified Hasan also said that they will fully cooperate if any agency wants to investigate the matter
The PTI leader further said that party founder has not been using his X official handle since his imprisonment, and the party does not have control over digital media
The spokesperson stated that the individuals managing the party’s social media accounts are not party employees and Imran Khan had made a decision regarding the X handle at some point but it was not implemented
He announced that a system will be put in place to ensure that the X handle is operated with proper clearance in the future
The spokesperson also quoted Imran Khan as saying he still believes the Pakistan Army is more important for the country than him
The statement came after Federal Investigation Agency (FIA) Cybercrime Cell wrote a letter to the authorities seeking access to incarcerated PTI founder Imran Khan to inquire about a ‘controversial’ post from his X handle
The text of the letter stated that anti-state propaganda was disseminated through the official social media account of the PTI founder, targeting institutions, particularly the Pakistan Army
The video posted on May 26 aimed to distort facts prompt rebellion among officers and soldiers and create unrest within various state institutions
The FIA Cybercrime Cell noted that this video is a clear violation of the PICA Act 2016 and seeking access to the PTI founder in jail for further investigation
Published by Asad Nizami at Plot No 66-C, 1st Floor, 21st Commercial Street, Phase-II (Extension), DHA Karachi and printed at Ibn-e-Hassan Printing Press, Hockey Stadium, Karachi, for PT Print (Pvt) Limited Ph: 021-32640318 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 4:10 4:58 1 30 5:15 7:05 9:00 Saturday 1 June 2024 NEWS PR OFIT M O N I T O R I N G D E S K The federal government and the power regulator seem poles apart on the idea of revenue-based load-shedding which the energy minister called “a necessity” Power Minister Awais Leghari in a press conference on Thursday defended the suspension of power supply to areas with high pilferage and poor bill recovery This practice, however, has been declared illegal by the National Electric Power Regulatory Authority (Nepra) Economic load-shedding has been in practice for six years now and will continue until distribution companies reduce losses and costs, said the minister He warned that without this measure, the circular debt would rise by Rs1,200 billion per annum and consumer tariffs would increase by Rs5-6 per unit On the same day Nepra chief Waseem Mukhtar stated that if the government wanted to continue revenuebased load-shedding, it should amend the Nepra Act Mukhtar emphasised that the regulator ’s decisions were based on the law Last month Nepra fined five distribution companies Rs50 million each for implementing revenue-based load-shedding violating laws that protect honest consumers Revenue-based load-shedding, introduced over a decade ago in Karachi and later adopted by other distribution companies with federal approval, has been ruled illegal by Nepra The regulator stated that collective punishment for all consumers due to the actions of a few is not permissible under the Nepra Act of 1997 and the Performance Standards (Distribution) Rules of 2005 During the press conference, Leghari pledged to bring transparency to the power sector He announced that power companies would publish daily demand, supply, and load-shedding data through their websites, statements, and the Roshan Pakistan app Leghari acknowledged that the total electricity demand had peaked at 25 820MW with only 21 588MW being supplied The shortfall of 4 232MW was attributed to high-loss feeders He explained that feeders with 20 to 80 percent losses were subject to 15-16 hours of power cuts to prevent economic collapse He cited specific regions facing high losses, including 350 feeders in Khyber Pakhtunkhwa, 150 in Punjab, 700 in Sindh and 80-90 in Balochistan These areas are under a policy of controlled electricity supply to minimize financial losses and circular debt As losses decrease, load-shedding is expected to end completely The energy minister noted that feeders with less than 20% losses have also faced power cuts due to technical faults or maintenance He mentioned examples of feeders in Lahore Multan Gujranwala and Faisalabad experiencing technical issues The minister emphasised the power division’s collaboration with provincial governments to combat power theft and losses aiming to supply the maximum available electricity to consumers I n r e s p o n s e t o q u e r i e s L e g h a r i m e n t i o n e d t h e K P c h i e f m i n i s t e r s p r o m i s e t o p r o v i d e l a w e n f o r c e m e n t p e r s o n n e l t o t a k e a c t i o n a g a i n s t p o w e r t h e f t H e a l s o c o n f i r m e d t h a t there were no changes to the solar net m e t e r i n g p o l i c y i n t r o d u c e d i n 2 0 1 7 s t a t i n g t h a t a n y f u t u r e p o l i c y a d j u s tm e n t s w o u l d i n v o l v e s t a k e h o l d e r c o n s u l t a t i o n PR OFIT M O N I T O R I N G D E S K Foreign investment in rupee-based government debt securities, including treasury bills (T-bills) and Pakistan Investment Bonds (PIBs), is steadily increasing due to higher returns and a stable rupee-dollar exchange rate According to the latest data from the State Bank of Pakistan (SBP) Pakistan has attracted a net inflow of $35 6 million from foreign investors into T-bills through Special Convertible Rupee Accounts (SCRA) from the beginning of the month until May 10 SCRA allows foreign persons institutions and non-resident Pakistanis to invest in various instruments, such as equities, government bonds, and term finance certificates (TFCs) Funds are converted into Pakistani rupees and credited to the depositor ’s Special Convertible Rupee account Last month the net inflow into T-bills was $25 6 million reflecting growing confidence in the country s economic conditions and stable exchange rate SBP data shows that in the current fiscal year to date, there has been a net inflow of $192 6 million into T-bills through SCRA These bonds offer returns of 21% for three-month and six-month papers and 20 1% for 12-month papers paid in Pakistani rupees (PKR) Foreign investors injec t $35.6m into Pakistan’s T-Bills in May battle on to douse new round of bushfires on Margalla hills ISLAMABAD S TA F F R E P O R T Firefighters on Friday intensified the struggle to douse the new round of bushfires on Margalla Hills days after the previous ones were extinguished Coordinator to PM on Climate Change at the Ministry of Climate Change and Environmental Coordination Romina Khursheed Alam said that a Pakistan Air Force (PAF) helicopter had been dispatched to the affected area to assist in extinguishing the fire Representatives from the district administration Capital Development Authority (CDA) and Pakistan Navy were actively involved in firefighting efforts at the site Deputy Commission (DC) Islamabad Irfan Nawaz Memon also assured that fires will be brought under control The PM s coordinator reported the situation stating, “There is a fire at two places on Margalla Hills a high-intensity fire in front of E-9 Hills ” She added that the ministry was coordinating with relevant authorities including the National Disaster Management Authority (NDMA) Romina added that a team from the Pakistan Navy was actively participating in the firefighting efforts, alongside personnel from the Islamabad Metropolitan Corporation, adding that authorities have also requested support from the Sikh Aviation Squadron “The Ministry of Climate Change is in contact with all relevant agencies I am personally monitoring the situation she affirmed Moreover, she mentioned that the PAF dispatched a second helicopter to enhance firefighting operations Earlier this week, a fire broke out on Saidpur Range Trail 3 and spread towards Noor Pur Range which was extinguished on Tuesday Meanwhile on Monday three separate fires flared up across the Margalla Hills Spread over 12 605 hectares the Margalla Hills witness many fire incidents during summer every year Earlier this month, on May 24, the CDA said the wildfire erupted in the scenic Margalla Hills National Park in the late evening hours due to heatwave impact and strong winds that raged the fire in the three kilometres stretch of the Loi Dundee area of the federal capital Around 150 personnel from the CDA and the Ministry of Climate Change put out the fire poet farhad case to remain open until he appears in ihC, rules Justice Kayani ISLAMABAD S TA F F R E P O R T The Islamabad High Court (IHC) on Friday ruled that the case for the recovery of poet Ahmad Farhad will not be disposed of until his appearance in this court and adjourned the hearing till June 07 IHC s Justice Mohsin Akhtar Kayani resumed the hearing and passed the orders During the hearing of the case on Friday, the Additional Attorney General told the court that Poet Ahmed Farhad was on physical remand with Azad Kashmir Police till June 02 The AAG appealed to the court that Ahmed Farhad’s family had met him in police custody so the petition of habeas corpus should be disposed of On this Justice Mohsin Akhtar Kayani said this case will end only when he appears in the court When the judge asked about the number of cases on the poet, the Additional Attorney General told the court that there were two FIRs on Ahmad Farhad within the limits of Azad Kashmir as per his knowledge When the judge asked to present him in his court the Additional Attorney General argued that Kashmir is a foreign territory with its constitution and its courts And, judgments of Pakistani courts in Azad Kashmir appear as judgments of foreign courts, he added The court asked the additional attorney general that Ahmad Farhad was arrested on May 29 but the court was looking for location of him before that On this the additional attorney general said Sir this will be seen by the court there [Azad Kashmir] sC full cour t to hear siC reser ved seats case on June 3 ISLAMABAD S TA F F R E P O R T The Supreme Court has decided to form a full court, comprising 13 available judges to hear the Sunni Ittehad Council’s (SIC) reserved seats case on June 3 The decision was taken in a meeting of the threemember committee chaired by Chief Justice of Pakistan (CJP) Qazi Faez Isa With a majority of 2 to 1, the committee decided to form a full court of all available judges Voicing his dissent, Justice Munib Akhtar proposed instead forming a bench of the seven most senior available judges Justice Musarrat Hilali will not be present to hear the case due to illness On Wednesday PTI moved the Lahore High Court (LHC) seeking directives to the Election Commission of Pakistan (ECP) to allot the party its electoral symbol of the cricket bat again It argued that a political party could not be deprived of its right to contest an election, particularly by withholding its symbol because of its failure to hold its internal polls Earlier this month on May 11 the Punjab Assembly s move to suspend 27 lawmakers elected on reserved seats threw a spanner in the works for both the current party dynamics and the ruling coalition s ambitions to maintain a two-thirds majority in the National Assembly (NA), casting a dark cloud over the government’s strong presence in the house Currently the matter is pending before the SC where PTI-SIC challenged the allocation of the reserved seats for women and non-Muslims to political parties other than PTI-SIC and said it violates Article 51(6)(d) & (e) of the Constitution It added that the ECP has acknowledged that SIC is a parliamentary party having 82 general seats in the National Assembly therefore it is entitled to reserved seats two terrorists neutralized, as many injured in hassan Khel ibo RAWALPINDI S TA F F R E P O R T Two terrorists were killed in fire exchange with security forces during an intelligence-based operation (IBO) in Peshawar s Hassan Khel area on the night between May 30 and 31 reported Inter-Services Public Relations (ISPR) on Friday According a statement from the military s wing, the killed terrorists were identified as ringleader Ayaz alias Muhammad and Ahmedey alias Koochi Two other terrorists were also injured in the operation As per the military s media wing the eliminated terrorists were actively involved in numerous attacks against security forces and killing innocent civilians Weapons, ammunition, and explosives were also recovered from their hideout Local residents appreciated the operation; the security forces were engaged in a sanitizing operation in the area to clear it out of any remaining terrorists the ISPR stated adding that The security forces of Pakistan remain committed to eradicating terrorism from the country On May 27, security forces announced that 23 terrorists were neutralized in a series of targeted operations across various districts of KhyberPakhtunkhwa over two days resulting in the martyrdom of five servicemen The military’s media wing provided a detailed breakdown of the IBOs An IBO in the southern KP district of Tank resulted in the elimination of 10 terrorists On the same day, another operation in the Bagh area of the Khyber tribal district neutralized seven terrorists and injured two others This operation led to a fierce firefight, during which five Pakistan Army soldiers were martyred Additionally a significant cache of weapons ammunition and explosives was seized during these operations The ISPR shared photos of the deceased terrorists and the recovered arms and ammunition with the media, highlighting the success of these efforts in combating terrorism lhC seeks centre’s reply on maintainability of contempt plea against pM ISLAMABAD N E W S D E S K The Lahore High Court has sought a response from the federal government on the maintainability of a contempt of court petition against Prime Minister Shehbaz Sharif The petition filed by Ashba Kamran was heard by Justice Muhammad Waheed Khan at the Lahore High Court The petition accuses Prime Minister Shehbaz Sharif of making inappropriate remarks about judges The federal government has been made a party to the case through the Principal Secretary to the Prime Minister During the hearing, Justice Waheed Khan inquired from the Additional Attorney General whether the petition is maintainable The Additional Attorney General responded that the Supreme Court had raised the same question the previous day The federal government s lawyer stated that the Attorney General had clarified to the Supreme Court that the Prime Minister ’s remarks were not about the current judges The court asked if there was a written order from the Supreme Court to which the federal government s lawyer replied that they had not yet received the written order g STABLE RUPEE AND HIGH RETURNS ATTRACT A NET INFLOW OF $192.6M INTO T-BILLS IN CURRENT FISCAL YEAR G o v t, p o w e r r e G u l at o r fa l l a pa r t o n r e v e n u e - b a s e d lo a d - s h e d d i n G ISLAMABAD S TA F F R E P O R T Defence Minister Khawaja Asif on Friday advised Pakistan Tehreek-eInsaf (PTI) founder Imran Khan to keep his mouth shut in order to reduce political tension in the country “I think founder PTI wants to increase tension ”
Imran has to keep his ‘mouth shut ’ in order to reduce tensions: Kh Asif g MINISTER DEFENDS PRACTICE CALLING IT A NECESSITY, NEPRA CALLS FOR LEGAL AMEND ISLAMABAD S TA F F R E P O R T
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