Author: newsdesk

  • New survey: Large number of Pakistanis boycotting pro-Israel brands

    New survey: Large number of Pakistanis boycotting pro-Israel brands

    People across the world have been calling for a boycott of brands and companies affiliated with Israel as the onslaught on Gaza continues.

    The purpose of boycotting the Israel-affiliated brands is to economically hurt its government that is committing what many experts have now termed a genocide.

    Pulse Consultant conducted a survey to deduce the response of Pakistanis towards the boycott — to judge how many are willing to stop buying such products.

    Titled the ‘Consumer Sentiments Sway Towards Boycott’, the survey revealed that eight out of 10 respondents (83%) in the top 12 cities of Pakistan “agreed with the appeal of boycotting brands of those companies who are allegedly supporting the occupied army”.

    Amongst those who agreed to boycott, 79% claimed that they did it. Additionally, the females (85%) ratio is higher than males (78%).

    The survey is based on more than 1200 respondents, both genders, with age groups of 16-55+.

    The interviews were conducted through Computer Assisted Telephonic facility, from November 5th to 11th.

  • Vikrant Gupta asks Wasim Akram whether Babar’s captaincy was more disappointing or his batting

    Vikrant Gupta asks Wasim Akram whether Babar’s captaincy was more disappointing or his batting

    Indian sports journalist Vikrant Gupta asked Wasim Akram on X (formerly Twitter) whether it is fair to blame only Pakistan captain Babar Azam when the team’s fast bowlers are taking only three wickets with the new ball in nine matches.

    He also asked what was more disappointing, Babar’s batting or his captaincy in the World Cup, and how the two things interlink with each other.

    Waseem Akram answered the question on ‘A Sports’, saying, “Some mistakes may have been made by Babar Azam as a captain in Asia Cup and World Cup, but the captain alone should not play cricket, it is the fault of the whole system, you can’t just make the captain a scapegoat. The boys don’t know who is the coach, who is coming and who is going, it is not only the captain’s fault but everyone’s fault.”

    In response to the second question, Wasim Akram replied, “When Babar Azam scores a big score, we are happy along with the entire public. There is no doubt that his captaincy has affected his batting, he has seen pressure during the Asia Cup and the World Cup.”

    He said, “When you are captaining, obviously there will be pressure, but when you are batting then you should focus only on scoring runs, it is easy to say but difficult to do”.

  • Bank deposits in Pakistan hit all-time high, showing 17.80% increase in a day 

    Bank deposits in Pakistan hit all-time high, showing 17.80% increase in a day 

    In a statement released on Friday, the State Bank of Pakistan (SBP) announced that the country’s bank deposits had reached an all-time high.  

    On October 23, there was a notable increase of 17.80 per cent, amounting to Rs3,986 billion, compared to the figures on October 22. 

    According to the central bank, the total banking deposits for October 2023 reached a historic level of Rs26,000.398 billion. 

    Rupee expected to fall further 

    In other news, a Tresmark report suggests that the Pakistani rupee is anticipated to face pressure against the US dollar in the ongoing week until the completion of the International Monetary Fund’s (IMF) initial review of the country’s $3 billion loan programme.  

    The local currency experienced a depreciation of Rs2 or 0.60 per cent against the US dollar during the week, concluding at Rs287.03 on Friday.  

    It’s worth noting that the foreign exchange market was closed on Thursday due to a public holiday. 

    The IMF’s evaluation of Pakistan’s bailout package began on November 2, with expectations for the review to conclude by December 15. 

  • Agricultural boom: Pakistan’s farm exports surge by more than 70%

    Agricultural boom: Pakistan’s farm exports surge by more than 70%

    In October 2023, Pakistan experienced a notable surge in exports, marking a 13.5 per cent increase to reach $2.7 billion, as reported by the Pakistan Business Forum (PBF).  

    Simultaneously, the trade deficit saw a 4.5 per cent reduction during the same period, indicating positive economic developments. 

    Chaudhry Ahmad Jawad, the Vice President of PBF, highlighted the remarkable 73 per cent growth in the agriculture sector for October.  

    Notably, exports of rice and sesame seeds played a pivotal role in this expansion, showcasing a diversification of the country’s export portfolio and underscoring the robustness of the agricultural industry. 

    Jawad emphasised the imperative for Pakistan to boost its service exports, particularly in information and communication technology (ICT), to address the balance of payment deficit.  

    Drawing a comparison with India, he noted India’s remarkable achievement in ICT exports surpassing $140 billion in fiscal year 2022–23, contrasting with Pakistan’s stagnant growth at $2.6 billion in fiscal year 2021–22.  

    The key differentiator, as Jawad pointed out, is the focus on technology and engineering in India over the years, leading to a skilled labour pool. 

    While acknowledging the challenges in the short to medium term, Jawad expressed optimism about Pakistan’s potential for growth in the ICT sector. He suggested addressing the skills gap by offering crash courses to enhance the capabilities of IT graduates. 

    Jawad further underscored concerns raised by IT companies in Pakistan, stating that despite an abundance of talent, the technology sector faces difficulties due to a lack of demand and challenges in remitting money outside Pakistan.  

    He called for government intervention to tackle these issues, pointing to the State Bank of Pakistan’s efforts in 2020 and emphasising the need for ongoing attention to restore confidence. 

    Finally, a PBF official commended the caretaker IT minister’s goal of increasing ICT exports to $10 billion and bringing renowned payment gateways like PayPal and Stripe to Pakistan.  

    However, he raised concerns about existing limitations on exporters’ remittances, urging the finance division to address this critical issue. 

  • World Cup 2023: India defeats Netherlands by 160 runs

    World Cup 2023: India defeats Netherlands by 160 runs

    In the last group stage match of the World Cup 2023 India defeated Netherlands by 160 runs.

    This match between the two teams was played in Bengaluru and it is the last match before the World Cup semi-final in which India won the toss and decided to bat first.

    India’s inning:

    India scored 410 runs for 4 wickets in given 50 overs, Shreyas Iyer remained unbeaten by scoring 128 runs. Apart from this, KL Rahul played an innings of 102 runs, captain Rohit Sharma scored 61 runs while Virat Kohli and Shibman Gill scored 51 runs each.

    For the Netherlands, Bas de Lede took two wickets, while Paul van McKearn and van der Merwe took one wicket each.

    Netherland’s inning:

    Chasing India’s target of 410 Netherland’s whole team returned to the pavilion on 250 runs in 47.5 overs.

    From the Netherlands side, Teja Nidamanuru scored 54 runs, Sybrand Engelbrecht 45, Colin Ackerman 35, Max’O David 30, Captain Scott Edward 17, Logan Wan Beek, and Roelof van der Merwe scored 16 runs each.

    From India’s side Jasprit Bumrah, Muhammad Siraj, Kuldeep Yadav, and Ravindra Jadeja took two wickets each.

  • Ayeza Khan apologises for her previous post on the Palestine genocide

    Ayeza Khan apologises for her previous post on the Palestine genocide

    Actress Ayeza Khan was caught in a controversy over a social media post addressing her silence on the war on Palestine. Several users criticised the actress for writing that praying daily is better than pointing fingers and blaming others.

    “Because I know that praying daily is more powerful than posting daily, please pray for the world as much as you can and avoid pointing fingers and blaming each other on this platform. We all have children and loved ones, and we can all feel the pain. We cannot imagine how painful it is for them, but I’m keeping my faith in Allah, and very soon, Allah will bring justice, Ameen.”

    After severe backlash, Khan deleted the statement and apologised by clarifying her support for Palestine:

    “I would like to take a moment to address an issue that has been misinterpreted and circulated. I won’t attempt to justify or explain because God knows that my intentions were not malicious, but I may have failed to articulate it well. I take full responsibility for this, both personally and on behalf of my team. I sincerely apologize to those who were hurt by my statement. I appreciate you all for bringing this matter to my attention, as I, too, am only human. I take full responsibility and assure you nothing of such sort shall ever happen again.”

    “While my awareness may not bring on immediate resolution,” the Chupke Chupke actress further penned, “I maintain faith in Allah in the possibility of change through prayer. Therefore, alongside our continuous awareness efforts, let us unite in prayer to end this cruelty. For indeed, we need Him and His divine help. My prayers are with the Palestinians.”

  • Three Arab countries refuse to cut off economic ties with Israel

    Three Arab countries refuse to cut off economic ties with Israel

    Saudi Arabia hosted an Arab-Islamic summit on Saturday, calling to end Israeli attacks on Gaza and rejecting the justification of Israel’s actions against Palestinians as self-defence.

    The summit also asserted that Israel end the siege of Gaza and allow humanitarian aid into the enclave, ceasing arms exports to Israel.

    It further insisted that the United Nations Security Council adopt “a decisive and binding resolution” to halt Israel’s “aggression” and demanded that the International Criminal Court probe “war crimes and crimes against humanity that Israel is committing” in the Palestinian territories.

    Crown Prince Mohammed bin Salman stated that Saudi Arabia “confirms that it holds the occupation (Israeli) authorities responsible for the crimes committed against the Palestinian people.”

    “We are certain that the only way to guarantee security, peace and stability in the region is to end the occupation, siege and the settlements,” he added.

    A number of countries, including Algeria and Lebanon, suggested that the attacks on Gaza be responded by disruption of oil supply to Israel and its allies in addition to cutting off economic and diplomatic ties that some Arab League nations have with Israel.

    However, at least three countries rejected the proposal, according to the diplomats who spoke on condition of anonymity, reports Dawn.

    These countries included the United Arab Emirates and Bahrain, both of whom normalised ties with Israel in 2020.

    Syrian President Bashar al-Assad remarked that without any stern measures against Israel, the summit would not be effective.

    “If we do not have real tools for pressure, then any step we take or speech we give will have no meaning,” said Assad, who rejoined the Arab fold this year after a long conflict over civil war in his country.

  • Have a SIM and don’t use it? PTA will charge Rs. 200 on disowned sims

    Have a SIM and don’t use it? PTA will charge Rs. 200 on disowned sims

    In an effort to ensure the responsible usage of mobile SIMs, the Pakistan Telecommunication Authority (PTA) has announced that citizens looking to disown their SIM cards will be charged Rs. 200 apiece from next year.

    The new charge will be applicable from January 1 across the country, including Azad Jammu and Kashmir and Gilgit Baltistan. It will be levied on all SIM cards under a customer’s use for less than six months. The service to return or disown the unused SIM cards is available till December 31.

    In a statement, PTA said, “With this decision, the PTA stays committed to national safety and security while ensuring uninterrupted quality services to all telecom consumers”.

    The step has been taken in light of an initiative that started in 2016, addressing the concerns of rampant distribution of free SIM cards by mobile operators and their potential misuse.

    A survey from PTA highlights that some users knowingly or unknowingly hand over their SIMs to unauthorized people, for monetary benefits. These SIMs, once abandoned by the user, lead to disconnection. Such users then frequently acquire new SIMs from different operators, hence the cycle continues.

    Mobile users can verify the status of SIMs registered under their Comput­erised National Identity Card (CNIC) by going to the web address “cnic.sims.pk” or by SMSing their CNIC number to 668.

    A one-time wai­ver will apply in cases where illegal SIMs are iss­ued without the knowledge or consent of consumers.

    PTA believes fraudsters exploit the practice of free SIM disowning, as they conveniently get new ones after disowning the old ones.

    However, PTA also stressed that mobile firms should develop a mechanism to address the concerns of consumers with illegally issued SIMs registered under their CNICs, as these customers should not bear the cost of disowning such SIMs.

  • Tariff hike of Rs1.72 per unit approved for K-Electric consumers 

    Tariff hike of Rs1.72 per unit approved for K-Electric consumers 

    The Economic Coordination Committee (ECC) has granted approval for quarterly tariff adjustments of Rs1.72 per unit for K-Electric, alongside government guarantees of Rs100 billion for Pakistan State Oil (PSO) and a Rs20 billion credit facility for Punjab’s Green Cooperative Initiative. 

    The ECC session, presided over by Federal Minister for Finance Dr Shamshad Akhtar and attended by other federal ministers and senior officials, addressed various summaries submitted by ministries such as Interior, Maritime Affairs, Energy (Power Division), Energy (Petroleum Division), Poverty Alleviation and Social Safety, and Defence. 

    The decision to adjust the tariff for K-Electric was reached after careful consideration of a summary presented by the Ministry of Energy regarding “Uniform Quarterly Tariff Adjustments for K-Electric Consumers on a par with XWDISCOs 2nd and 3rd Quarterly FY 2023.” 

    Following in-depth discussions, the ECC concluded that the tariff rationalisation through adjustments for K-Electric, aligning with the uniform Quarterly Tariff Adjustment (QTA) guidelines already issued to NEPRA, will be applicable to the consumption of July, August, and September 2023.  

    According to The News, these adjustments are set to be recovered from K-Electric consumers in December 2023, January 2024, and February 2024, respectively. 

  • Here’s why KIA Pakistan is teasing ‘Yasir and Alvin’ 

    Here’s why KIA Pakistan is teasing ‘Yasir and Alvin’ 

    KIA Motors Pakistan recently stirred curiosity on social media by mentioning “Yasir and Alvin” in a post, leaving some oblivious while surprising others.  

    Clarifying the mystery, KIA Lucky Motor Corporation is hinting at the introduction of a sedan resembling the Toyota Yaris and Changan Alsvin.  

    This serves as a clear indication of the automaker’s intent to enter this segment. The upcoming car is expected to match the size of the Toyota Yaris and Changan Alsvin, eliminating the possibility of it being an entirely different model.  

    This move suggests that, for the time being, the Corolla and Civic segments remain unthreatened by a new entrant.  

    While the brand has not disclosed the car’s details or its name, it is apparent that a new vehicle is on the verge of being launched. 

    Considering the current economic challenges in Pakistan, with soaring car prices, launching a new vehicle seems like a risky decision.  

    The nation is already grappling with high petrol costs and escalating inflation, making the timing of this introduction noteworthy.