Author: newsdesk

  • Pakistani rupee reverses marginal gains, closes at Rs281.61 against US dollar

    Pakistani rupee reverses marginal gains, closes at Rs281.61 against US dollar

    On Monday, the Pakistani rupee faced renewed pressure against the US dollar, declining by 0.30 per cent in the inter-bank market after posting marginal gains on Friday. According to the State Bank of Pakistan (SBP), the rupee settled at Rs281.61, representing a decrease of Re0.84.

    Despite the rupee having found some relief on Friday with a 0.54 per cent appreciation in the inter-bank market, the currency had depreciated by 0.82 per cent against the US dollar during the previous week.

    The SBP has received inflows from China, which have provided support to critical levels of foreign exchange, but concerns over the delay in the International Monetary Fund (IMF) programme have continued to impact sentiment.

    Miftah Ismail, former Federal Finance Minister, suggested on Sunday that Pakistan should ensure 15 per cent tax on Gross Domestic Product (GDP) and 15 per cent exports to GDP in order to avoid the need for IMF programs.

    Internationally, the US dollar experienced a sharp decline on Monday due to the sudden collapse of Silicon Valley Bank (SIVB). The US government announced various measures on Monday to mitigate the impact of the bank’s collapse, including ensuring access to deposits for SVB customers and depositors of New York’s Signature Bank.

  • Real estate in Pakistan is ‘parking lot’ for untaxed money with support of DHAs and Army, says former FBR chairman

    Real estate in Pakistan is ‘parking lot’ for untaxed money with support of DHAs and Army, says former FBR chairman

    Shabbar Zaidi, the former Chairman of the Federal Board of Revenue in Pakistan, stated that only 300 companies out of the entire business sector in the country pay 70 per cent of the total taxes collected.

    According to Dawn, Zaidi dismissed the claims of some businesses that there were too many taxes in Pakistan and no dividends. He pointed out that the real estate was the “parking lot” of untaxed money, and that with the support of the DHAs and army, a system had been developed to officially launder money through real estate, which had perpetual amnesty in the country.

    He called for removing DHAs from the real estate business as there could not be fair competition between a state institution and private businesses in real estate, and also suggested that plots of land should be confiscated if construction was not done on them.

    Kashif Anwar, the president of the Lahore Chamber of Commerce and Industry, argued in favor of amnesty on undeclared foreign reserves to bring money back to the country.

    In another session, Tassaduq Hussain Jillani, the former Chief Justice of Pakistan, acknowledged that criticism of the Supreme Court for messing up big corporate cases was justified as the judges were not expert at finance and economics.

    Jillani suggested the formation of commercial benches in the SC and high court for such cases. In a session on local governments, Ammar Ali Jan, the general secretary of Haqooq-i-Khalq Party, criticized the absence of local government in the country, citing examples of polluted water and waste management issues.

  • Is Shae Gill planning on acting in Pakistani dramas?

    Is Shae Gill planning on acting in Pakistani dramas?

    Shae Gill became the breakout star of 2022 after Pasoori, her debut duo with Ali Sethi on Coke Studio, dazzled listeners across the globe. She is now singing at international concerts and has become an Equal Ambassador for Spotify.

    So what’s next for the singing sensation? We have seen Pakistani singers making their way to the big screen or television, like Atif Aslam, who had starred in the film ‘Bol’ and then ‘Sang-e-Mah’. Will Gill be following in on their footsteps?

    In an interview with Aamna Haider Isani, Gill revealed that she did receive offers to act in dramas and play the role of asinger, but she rejected it.

    “If the script would have been nice then I would have been ok..” she admitted.

    Later on in the interview, Gill agreed that a lot of Pakistani singers have decided to perform as actors, but she will only do so if she finds a good script:

    “My generation doesn’t really watch dramas all that much. We do, but very few. I’ve seen Udaari, I’ve seen Humsafar, a little bit of Bhaagi…they were outstanding..But if a good script comes along, then I could try.”

    Listen to the full interview below:

  • Islamabad High Court upholds Zahir Jaffer death sentence

    Islamabad High Court upholds Zahir Jaffer death sentence

    The Islamabad High Court (IHC) has announced its verdict on appeals filed against the sentences awarded to the convicts and the acquittal of co-accused in the Noor Mukadam murder case, upholding the death sentence given to prime accused, Zahir Jaffer.

    The IHC reserved its verdict on appeals in the high-profile case in which Jaffer was sentenced to death after a long-drawn-out trial of over four months.

    27-year-old Noor was found dead at the residence of the prime suspect, Jaffer, in Islamabad’s F-7/4 Sector on July 20, 2021, beheaded by her murderer.

    The gruesome murder sent shockwaves across the country and sparked nationwide outrage and calls for justice for Noor, cumulating in a sensational trial and eventual convictions.

  • Students at LUMS held a shadi night and the result was heartwarming

    Parties at universities are suppose to be mix of dinner and long speeches, but LUMS students decided to take the festivities a step ahead and came up with a brilliant but bizzare concept: shaadi day!

    How does that work? Well, a campaign is held after which two seniors are picked to become the bride and groom leading to a three-day long a mock wedding.

    Lums students have shared footage from the events and it was truly wholesome to witness.

    https://twitter.com/lilcosmicowgirl/status/1635165464598032384?s=20

    Unlike the bigotry and violence we are witnessing in universities on a daily basis, it is heart warming that some students are putting on their creative hats to plan something like this. What these students are doing was amazing, and we hope more institutions follow through to make inclusive events for some light hearted fun.

    For the haters calling this cringey and over hyped, why are you so critical of other people’s joy? Especially given how many incidents of bigotry and violence keep happening in universities, we should stop policing students so much and let them have fun.

  • ‘Disrespectful’: Twitter users are criticizing Jimmy Kimmel for awkward interaction with Malala Yousafzai at Oscars

    ‘Disrespectful’: Twitter users are criticizing Jimmy Kimmel for awkward interaction with Malala Yousafzai at Oscars

    After watching the Academy Awards last night, twitter users are furious at host Jimmy Kimmel after he had an awkward interaction with Nobel Prize winner and education activist Malala Yousafzai.

    First calling her ‘Malalaland’ at the ceremony, Kimmel then asked her opinion on whether Harry Styles spat on Chris Pine at the premier of All My Darlings.

    To which the Pakistani-origin activist had responded: ‘I only talk about peace”

    Twitter users called Kimmel ‘racist’ for using the word ‘Malalaland’ and called him a horrible host. He was also branded insensitive for undermining the work of brown women by also having previously tried to tamper with Quinta Brunson’s speech while she was was receiving the award for ‘Best Writing in Comedy’ at the Oscars.

    Users are demanding that Kimmel apologizes to Yousafzai for making a disrespectful joke.

    https://twitter.com/joeyIikespizza/status/1635105539788242947?s=20

    https://twitter.com/yEeyEe006/status/1635105416538636288?s=20

  • Oscars round up: here is a list of all the final winners

    Hollywood’s biggest night of the year was dominated by Asians, with some of the biggest global celebrities like Deepika Padukone, activist Malala Yousafzai, and Michelle Yeoh lending their star power to the Oscars.

    Jimmy Kimmel hosted the show and of course, addressed the Will Smith-Chris Rock slapping controversy from last year’s ceremony. Kimmel started his monologue by saying, “If anyone in this theater commits an act of violence, you will be awarded for Best Actor and permitted a 19-minute speech.”

    Many heartwarming moments later, the last of the awards was given out, ending a night where Asians swept through almost all major categories.

    Here is a list of all the final winners

    Best Actor: Brendan Fraser for The Whale

    Best Actress: Michelle Yeoh for Everything Everywhere All At Once

    Yeoh’s speech moved social media users to tears for encouraging women to never think they are past their prime for achieving their dreams:

    “For all the little boys and girls who look like me watching tonight, this is a beacon of hope and possibilities. This is proof that dreams do come true. Ladies don’t let anyone tell you that you’re past your prime.”

    Best Supporting Actor: Ke Huy Quan for ‘Everything Everywhere All At Once’

    Quan and Yeoh made history as the first time two Asian-American actors had won one of the big four awards at the Academy Awards in the same year. In his speech, he said, “My mom is 84 years old, she’s at home watching. Mom- I just won an Oscar! My journey started on a boat. I ended up in a refugee camp…They say stories like this only happen in the movies. I cannot believe this is happening to me. This is the American dream!”

    Best Director: Daniel Kwan and Daniel Scheinert for ‘Everything Everywhere All At Once’

    Best Supporting Actress: Jamie Lee Curtis

    Best Picture: Everything Everywhere All At Once

    Best Song: ‘Natu Natu’ from ‘RRR’

    Best Foreign Film: ‘All Quiet On The Western Front’

  • Nawaz gets a Mercedes, Zardari BMWs: New list of Toshakhana gifts reveals what previous govts kept for themselves

    On Sunday, the government officially released long-awaited records regarding the gifts received by public office holders from foreign governments and dignitaries since 2002.

    The Toshakhana, established in 1974, is a department under the administrative control of the Cabinet Division and is responsible for the storage of precious gifts given to rulers, parliamentarians, bureaucrats, and officials by heads of other governments and states, as well as foreign dignitaries.

    As per the Toshakhana rules, gifts, presents, and other such materials received by persons to whom these rules apply must be reported to the Cabinet Division.

    The department has been in the news in recent months due to the proceedings against former Prime Minister Imran Khan for “not sharing details” of Toshakhana gifts. The Prime Minister of Pakistan, Shehbaz Sharif, announced last month the government’s plan to release the entire record to the public. In addition, officials have been barred from retaining gifts worth more than $300.

    Below are some of the noteworthy gifts kept by political leaders over the years from the Toshakhana:

    Nawaz Sharif

    Nawaz Sharif, the three-time former Prime Minister and PML-N chief, has retained several expensive items over the years. In April 2008, he kept a Mercedes Benz worth Rs4.2 million after paying Rs636,888 for it. In November 2013, he retained a Rolex wristwatch valued at Rs1.18 million after paying a total of Rs243,000 for it and some other items.

    In January 2015, he kept a Piaget wristwatch worth Rs1 million after paying Rs240,000 for it and a box of perfumes. In January 2016, he retained a Christopher Claret watch (Rs2 million), a ring (Rs19.5 million), and a pair of cufflinks (Rs16 million) after paying a total of Rs7.6 million for them and some other items.

    In February 2016, he kept a Dela Cour watch (Rs3.2 million), a ring (Rs8 million), and a pair of cufflinks (Rs5 million) after paying Rs3.2 million for them.

    In October 2016, he retained two Rolex watches, one worth Rs1.2 million and the other Rs850,000, after paying Rs469,000 for them and some other items. In March 2017, his son Hussain Nawaz retained a Rolex watch worth Rs940,000 after paying Rs186,000 for it.

    In May 2017, Nawaz retained a Rolex wristwatch worth Rs4 million after paying Rs808,000 for it.

    Additionally, in January 2016, Nawaz’s wife Kulsoom Nawaz retained a bracelet worth Rs12.7 million and a necklace and earring valued at Rs41.6 million after paying Rs10.8 million for them. In March 2017, Nawaz retained a diamond necklace worth Rs1 million after paying Rs207,560 for it and a table watch.

    Imran Khan

    In September 2018, Imran Khan, the former Prime Minister and Chairman of Pakistan Tehreek-e-Insaf (PTI), retained several items from the Toshakhana including a Graff wristwatch (Rs85 million), a pair of cufflinks (Rs5.6 million), a pen (Rs1.5 million), and a ring (Rs8.75 million) by paying Rs20 million for them.

    In the following month of October 2018, he retained a Rolex watch, valued at Rs3.8 million, by paying Rs754,000 for it. He then retained another Rolex watch (Rs1.5m) in the same month by paying Rs294,000 for it. In November 2018, Imran retained another Rolex wristwatch (Rs900,000) by paying a total of Rs338,600 for it along with other items. In October 2019, he retained a boxed watch, assessed at Rs1.9m, by paying Rs935,000 for it.

    In September 2020, Imran retained another Rolex watch, assessed at Rs4.4 million, along with other gifts by paying Rs2.4 million for them. In the same month, his wife Bushra Bibi retained a necklace (Rs10m), bracelet (Rs2.4m), ring (Rs2.8m), and a pair of earrings (Rs1.85 million) by paying Rs9 million for them.

    Asif Ali Zardari

    In January 2009, former President and co-chairperson of the Pakistan People’s Party (PPP), Asif Ali Zardari, retained a BMW car (Rs57.8 million) and a Toyota Lexus (Rs50 million) after paying a total of Rs16.1 million for them. Additionally, he retained another BMW car (Rs27.3 million) after paying Rs4 million.

    In March 2011, Zardari retained a wristwatch (Rs1 million) after paying Rs158,250 for it and other items. Later, in June 2011, he retained a Corum wristwatch (Rs1.25 million) after paying Rs189,219 for it and other items. In October 2011, Zardari retained another Cartier wristwatch (Rs1m) after paying Rs321,000 for it and a gun.

    Arif Alvi

    In October 2019, Samina Alvi, the wife of President Dr Arif Alvi, retained a necklace valued at Rs1.19 million after making a payment of Rs865,000 for it, along with other items in a jewellery box.

    In February 2022, President Dr Arif Alvi retained a Rolex wristwatch valued at Rs2.5 million, after making a payment of Rs1.2 million for it.

    Raja Pervaiz

    In November 2012, former prime minister and National Assembly Speaker Raja Pervaiz Ashraf retained a Graff wristwatch, which was assessed at Rs890,000. He paid a total of Rs218,000 for the wristwatch and other items.

    Shahid Khaqan Abbasi

    In October 2017, ex-premier Shahid Khaqan Abbasi retained a Hublot wristwatch (Rs15 million), a pair of cufflinks (Rs1.2 million), a pen (Rs1.5 million), a ring (Rs3 million), and prayer beads (Rs1.85 million) after paying Rs4.5 million for them. His wife, Sameena Shahid, also retained a jewellery set (Rs99 million) after paying Rs19.99 million for it.

    In November 2017, Abbasi retained a Rolex watch boxset (Rs23 million) after paying Rs4.59 million for it. In April 2018, he retained a Rolex wristwatch (Rs25 million) after paying a total of Rs5.27 million for it and other items.

    Pervez Musharraf

    As per the official record, it was revealed that the total value of the gifts presented to the former military ruler, Gen (retd) Pervez Musharraf, in 2004 amounted to more than Rs6.5 million. Among these gifts, a watch gifted to Musharraf in 2005 was worth Rs500,000. Numerous other precious items such as watches, jewelry boxes, and various other gifts were also presented to the former president, who retained them after paying the required amount.

    In 2003, Musharraf’s wife, Sehba Musharraf, received a jewelry box worth over Rs2.6 million. Additionally, on April 6, 2006, she received gifts worth Rs1.65 million, while on August 1, 2007, the value of her received gifts stood at Rs3.4 million. On April 3, 2007, she was presented with gifts worth over Rs10 million, and on January 31, 2007, Musharraf himself received gifts valued at Rs1.4 million.

    Shaukat Aziz

    In 2005, former Prime Minister Shaukat Aziz received a watch worth Rs850,000, which was later auctioned off for Rs355,000. Aziz had kept several other gifts by claiming their value to be below Rs10,000. On September 27, 2007, he received another watch worth Rs1.35 million.

    On December 20, 2006, Aziz received gifts worth Rs3.7 million, which he chose to retain. However, during 2006, he returned several other gifts to the Toshakhana. On June 2, 2006, he received a watch worth Rs1.35 million. On January 7, 2007, the former premier received gifts valued at Rs1.8 million. On February 24, 2010, he received a watch worth Rs1.2 million but returned it to the Toshakhana.

    Yousuf Raza Gillani

    In December 2009, former prime minister Yousuf Raza Gillani’s wife, Fauzia Gillani, retained a jewellery set (Rs2 million) after paying Rs326,043 for it.

  • PTI agrees not to speak against state, institutions and judiciary in rally today

    PTI agrees not to speak against state, institutions and judiciary in rally today

    Pakistan Tehreek-e-Insaf (PTI), has been allowed to stage an election rally in Lahore with certain caveats attached to the permission.

    According to media reports, a meeting was held at the direction of Punjab caretaker Chief Minister Mohsin Raza Naqvi where the permission was discussed. PTI leadership submitted an affidavit, assuring the city administration of its full cooperation with them, police and security officials.

    The party also assured the authorities that they would not give speeches against state institutions and the judiciary. The PTI would be responsible if public property is demanded during the rally, read the affidavit.

    According to PTI Lahore Chapter President Imtiaz Shaikh, a rally will be taken out from Zaman Park to Data Darbar at 2pm today.

    “Imran Khan will lead the rally,” he confirmed.

    This would be the first rally that Khan would lead in more than four months.

  • PTI’s Yasmin Rashid admits that she knew who brought Ali Bilal to hospital in a black Vigo

    Pakistan Tehreek-e-Insaf (PTI) senior leader Dr Yasmin Rashid has revealed that she knows Raja Shakeel, the owner of the vehicle [Black Vigo] that brought deceased party worker Ali Bilal to the hospital where he breathed his last.

    It appears that the former provincial minister knew the information since two days but didn’t reveal it despite the speculation on social media about how Bilal reached the hospital.

    When asked on Geo News‘ show ‘Naya Pakistan‘ why she kept quiet, she replied, “Do you think I am always on social media, I have other important things to do as well.”

    She said that when she was going to Bilal’s funeral, she was informed by Raja Shakeel himself that he and his guard picked up Bilal who was lying on the side of the road.

    Earlier, Interim Chief Minister Punjab Mohsin Naqvi said that Ali Bilal lost his life in a car accident and not due to custodial torture by the Punjab police.

    He claimed that Shakeel informed Yasmin Rashid that Bilal was hit by a car. Later, Rashid also informed party leaders about it at Zaman Park.

    On March 8, PTI workers were picked up by the police when a clash took place just before a scheduled election rally.

    Later, the party leadership claimed that Bilal was tortured and killed while in police custody. Bilal’s postmortem report, issued by the Mayo Hospital, says the victim suffered “massive blunt trauma”, while a fracture to his skull and subsequent bleeding has been cited as the cause of death. The report also noted damage to his liver, spleen, and testes, which led to profuse bleeding.