Saturday, 29 January, 2022 I 25 Jamadi-al-Sani, 1443 I Rs 15.00 I Vol XII No 211 I 12 Pages I Islamabad Edition
Senate paSSeS SBp Bill amid oppoSition’S proteSt
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He Senate on Friday passed the State Bank of Pakistan (SBP) Amendment Bill, 2021, despite strong criticism from the opposition. The upper house passed the bill with the treasury benches enjoying a slight lead of 43 members over the opposition’s 42. The bill was presented by Finance Minister Senator Shaukat Tarin. The passage of the bill is one of the conditions set by the International Monetary Fund (IMF) for the release of $1 billion to the country. It is pertinent to note that the IMF board meeting is scheduled for January 28 and will take up Pakistan’s request for approval to ensure the release of funds. However, it is linked with prior actions — the Finance (Supplementary) Bill 2021 and the State Bank of Pakistan (Amendment) Bill 2021. The Finance (Supplementary) Act, 2021, has already been enacted through parliament.
Opposition parties have been voicing strong concerns over the SBP bill, saying it compromises Pakistan’s “economic conditions and gives absolute authority to the SBP to take key economic decisions independently”. The SBP Amendment Bill, 2021, promises complete autonomy to the central bank and places a complete restriction on the government’s borrowing from the central bank. However, the government now can borrow at a market rate from commercial banks, which will benefit private banks owned by business elites, according to the opposition. As the proceedings began today, opposition benches insisted Senate Chairman Sadiq Sanjrani to ask the treasury benches to table the SBP amendment bill, however, due to the absence of Tarin at the time, the bill was not tabled. Senator Sherry Rehman said the government did not want to table the bill, fearing its rejection.
CoronaviruS in
pakiStan
CONFIRMED CASES:
1,402,070
LAST UPDATED AT 9:10 AM ON JANUARY 28, 2022
DAY'S DEATH TOLL:
NEW CASES:
30
8,183
RECOVERED:
DEATHS:
1,274,657 29,192 SINDH:
PUNJAB:
535,965
471,925
KPK:
BALOCHISTAN:
189,300
34,187
AJK/GB:
ISLAMABAD:
36,465/10,580
123,648
She said the government had been defeated and demanded Prime Minister Imran Khan’s resignation. Later, Tarin presented the bill which was put to vote amid sloganeering from the opposition. The bill was approved shortly afterwards. The chairman then adjourned the session till Jan 31. As many as 54 amendments, including 10 new sections, have been introduced to the SBP Act 1956 through the amendment bill, which was first approved in a cabinet meeting on March 3, 2021. It was revised earlier this month following observations from the Law Division, Prime Minister Secretariat. Though supporting the government’s development agenda will be a tertiary objective of the SBP, the central bank is believed to continue the government’s policies for economic growth as far as this support does not undermine its primary objective of price and financial stability. The proposed amendments include domestic price stability as the primary objective of the SBP. To achieve this, the central bank will be guided by the medium-term inflation target set by the government. Meanwhile, referring to the passage of the bill, Minister for Information and Broadcasting Fawad Chaudhry in a tweet said that the opposition had been dreaming of tabling no-confidence motion against Prime Minister Imran in the National Assembly “but it failed even in the [Senate] where it has a majority”. He said that it has been proved that all opposition parties have no match for Imran. “The journey of success will not stop,” he added. Later while addressing a press conference in Lahore, Fawad said that fissures within the opposition parties and their “flawed” political strategy have resulted in another demoralising defeat for the opposition as it failed to block the passage of the SBP bill. The opposition claimed a majority in the upper house yet it was incapable of stalling the SBP bill, he said, adding that the opposition is a “tried and tested loser”. news desk
4 killed, 10 injured in blast in Balochistan’s Sui area A blast in Mat area of Sui in Balochistan’s Dera Bugti district claimed four lives and left ten injured on Friday, Levies officials stated. As per the officials at the Levies Control Room, the victims were passing by the area when their vehicle drove over a landmine. Meanwhile, Balochistan CM Mir Abdul Quddus Bizenjo condemned the incident. In a statement, he identified the deceased as members of the local Aman Force and expressed grief over their martyrdom. The CM offered his condolences to the families of the victims. He said that the martyrs had sacrificed their lives to establish peace and to protect the people’s lives and properties. “The sacrifices and efforts made for peace will not go in vain. The entire nation stands united with the country’s security
Pakistan reports highest daily Covid cases since start of pandemic Pakistan logged the highest number of daily COVID-19 cases ever since the pandemic started in 2020 after 8,183 people tested positive in a single day, according to the National Command and Operation Centre’s (NCOC) data. As per the data, the daily COVID-19 death toll also reached a new high since October 6, 2021, as 30 more people succumbed to the virus in a single day. A total of 39 people died of COVID-19 on October 6, 2021. According to the statistics issued by the NCOC, 68,624 diagnostic tests were conducted across the country in the last 24 hours, of which 8,183 came back positive, pushing the total number of cases reported so far to 1,402,070. With the detection of new cases, the country’s current positivity rate swelled to 11.92%, while the active case count stands at 98,221. Meanwhile, 1,786 people infected with COVID-19 recuperated overnight, taking the total number of recuperations to 1,274,657. A day earlier, the NCOC decided to extend coronavirus curbs in the country from Janu-
forces in eliminating terrorists,” he said. He further added that the enemies had once again carried out a cowardly act of terrorism to ruin peace in the province. “No effort will be spared to bring the terrorists to justice” Balochistan Awami Party (BAP) leader Sarfraz Bugti claimed that “Baloch Republican Army terrorists” were behind the attack. He questioned how long the state would continue to tolerate such attacks on innocent people. He said that his cousin was among the victims, adding that the deceased was a father of four kids. “Provincial and federal government of Pakistan are failing to protect innocent people. This kind of situation will push people to take measures on their own. The writ of the government needs to be implemented in Balochistan,” he said. news desk
more inside
PM backs Ravi riverfront project after LHC declares it ‘unconstitutional’ STORY ON PAGE 02
ary 31 till February 15, as thousands continue to contract the infection amid a spread of the Omicron variant. The NCOC had imposed non-pharmaceutical interventions (NPIs) on January 19, which were to be reviewed on January 27 in light of the COVID-19 situation in the country. The restrictions for the wedding sector were already imposed till Feb 15. For cities/ districts with positivity above 10%: GatHERINGS/WEddINGS: Indoor gatherings of all types, including weddings. Outdoor gatherings, including weddings, will be allowed with a cap of 300 fully-vacci-
nated guests. dINNING: There will be a complete ban on indoor dining. However, outdoor dining for fullyvaccinated citizens and takeaway service will be allowed. GyMS: Indoor gyms at 50% capacity for fully-vaccinated individuals will be allowed. CINEMaS: Cinemas will be allowed to open at 50% capacity for full-vaccinated individuals only. SHRINES: Shrines are allowed to open at 50% capacity for fullyvaccinated individuals only. aMuSEMENt PaRkS: Allowed to open at 50% capacity for fully-vaccinated people only. news desk
CONTINUED ON PAGE 05
Alvi directs officials to accelerate process of digital transformation of parliament STORY ON PAGE 03
PM reaffirms commitment to eradicate terrorism from Pakistan STORY ON BACK PAGE
Misinformation threatening cohesion in society: COAS STORY ON BACK PAGE