EpaperKHI_21-12-4

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Saturday, 4 December, 2021 I 28 Rabi-us-Sani, 1443 I Rs 15.00 I Vol XII No 156 I 12 Pages I Karachi Edition

Tarin upbeaT on economic revival as exporTs grow g

SayS import bill, inflation increaSed due to Surge in priceS of imported commoditieS

ISLAMABAD

a

staff report

dViSer to the pm on finance Shaukat tarin has claimed that the trade deficit will shrink and the national economy will further strengthen with an increase in exports and remittances. addressing a joint press conference along with adviser to the pm on commerce abdul razak dawood on friday, tarin said that the country is facing escalation in import bill and inflationary pressure due to surge in prices of imported commodities. “the inflation and import bills are connected and have the same cause and that is international commodity prices,” the adviser said. He said that inflationary pressure is due to rise in international prices of

commodities which it is importing, citing that the prices of fuel, lng, coal, steel and edible oil rose in the international market and have an impact on inflation in pakistan. comparing the imports of october 2021 and november 2021, the adviser said that the import bill went up from $6.3 billion in october to $7.5 billion in november, showing around $1.2 billion difference. this difference, he said, was witnessed mainly due to import of four commodities, including raw materials, the imports of which grew by $252 million on a month-on-month basis while imports of petroleum products (oil, gas, coal) grew by $508 million, vaccine imports $400 million and edible oil $134 million. He added that despite the fact the vaccines were totally funded by donors, it is reflected in the import bill.

coronavirus in

pakisTan

CONFIRMED CASES:

1,286,022

He said all other countries are also affected by international commodity prices, adding that the import bill of neighbouring country india also doubled to $20 billion due to rise in international prices. the adviser said that the imports into the country have increased more in terms of value and less in terms of volume. He said there is 72 percent increase in imports of petroleum products in terms of value and only 11 percent in terms of volume. likewise, crude petroleum imports increased 86 percent in value and only 5 percent in quantity while palm oil and soybean increased 75 percent in value and only 5 percent in volume. Same was the case with pulses, which grew by 34 percent in value and only 5 percent in quantity. the adviser said that the situation will not last long and expressed the hope that this disequilibrium would end soon and commodity prices would come down in the international market and consequently have an impact on commodity prices in pakistan. on the other hand, he said that fundamentals of the economy are on strong footing as revenues have witnessed 36 percent growth, including 32 percent increase in income tax, which shows the growth is all across the board. likewise, electricity consumption increased along with growth in agricultural production, he said, adding as long as the economy is growing, there is no need to worry. He said the agriculture products, including sugarcane, have witnessed enhanced production in the country. the adviser informed that prices of petroleum products are pushing back at the international market and the price of edible oil is also expected to come down next month.

CONTINUED ON PAGE 05

Mob lynches Sri Lankan to death over blasphemy allegations in Sialkot “the horrific vigilante attack on factory a mob tortured a Sri lankan national, who was working as an export manager at a in Sialkot & the burning alive of Sri lankan factory, to death before burning his body manager is a day of shame for pakistan,” he said in a tweet. over allegations of punjab chief minblasphemy in Sialkot ister Sardar usman on friday. buzdar took notice of the incident the murder, terming it took place on as a “very tragic inciWazirabad road in dent”, while the Sialkot, where reportspokesperson for edly the workers of Sialkot police said deprivate factories at- ISLAMABAD: taking cognizance of the tails would be shared tacked the export mob lynching of a Sri lankan national with the media after manager and burnt in Sialkot for blasphemy allegations, his body after killing prime minister imran Khan and chief of initial investigation. buzdar sumhim. Sialkot district army Staff (coaS) general Qamar police officer umar Javed bajwa friday vowed to bring the moned a report from the inspector Saeed malik identi- culprits to justice. per government general of police fied the man as claims, 50 suspects have been arrested for involvement in the killing of and ordered a highpriyantha Kumara. level inquiry into the Videos shared Sri lankan manager of a factory in on social media Sialkot who was tortured to death by an matter. “every aspect of showed hundreds of angry mob of hundreds after lynching the incident should men gathered at over blasphemy allegations. prime be investigated and the site, with groups minister imran Khan vowed to punish a report should be of them chanting those responsible for torturing to death a Sri lankan national over blasphemy submitted. slogans. action should be prime minister allegations in Sialkot. staff report taken against those imran Khan vowed CONTINUED ON PAGE 05 who take the law to punish those reinto their own sponsible for the heinous act. He said he himself is oversee- hands,” the chief minister said. ing the investigations and arrests are being made. CONTINUED ON PAGE 05

PM Khan, Gen Bajwa vow to arrest killers of Sri Lankan national

Govt urges Opposition to review its decision to boycott top security huddle

LAST UPDATED AT 9:39 AM ON DECEMBER 3, 2021

DAY'S DEATH TOLL:

NEW CASES:

8

391

RECOVERED: SINDH:

PUNJAB:

476,233

443,310

KPK:

BALOCHISTAN:

180,194

33,491

AJK/GB:

ISLAMABAD:

34,570/10,413

107,811

COAS for swiftly devising institutional mechanism for humanitarian assistance to Afghanistan STORY ON BACK PAGE

DEATHS:

1,245,155 28,753

more inside

ISLAMABAD staff report

federal minister for information and broadcasting chaudhry fawad Hussain on friday deplored the decision of the opposition parties to boycott the upcoming in-camera briefing to the national security committee, terming the decision as ‘unfortunate’. the opposition parties announced on thursday their decision not to participate in the meeting to be held on december 6, citing the govern-

ment’s “dictatorial” behaviour as its reason. taking to twitter, fawad urged the opposition to review its decision and earnestly attend the meeting. “it is the first time in seven decades that a government is presenting its policy on national security in the parliament,” he wrote. “it is a matter of national security, not a political affair. the opposition should review its decision (of boycott) and attend the briefing earnestly,” fawad chaudhry added.

on thursday, a press release by parliament’s united opposition stated that parties that are part of the pakistan democratic movement anti-government alliance have always treated issues involving the constitution, law, national security and general public with seriousness and attached importance to them. the media release said that not only did the opposition parties and their leaders attend briefings on these issues, despite the absence of the prime minister, but also provided recommendations to solve the issues.

ecp ignores Swati’s written apology, directs him to appear in-person on dec 22 STORY ON BACK PAGE

NAB arrests Sindh Assembly Speaker Agha Siraj Durrani STORY ON PAGE 03


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