Author: newsdesk

  • IMF meetings schedule excludes Pakistan till June 29 amidst pending 9th review

    IMF meetings schedule excludes Pakistan till June 29 amidst pending 9th review

    In a setback for Pakistan, the International Monetary Fund (IMF) Executive Board has excluded the country from its upcoming meetings, raising concerns about the completion of the 9th review under the Extended Fund Facility (EFF) programme. The IMF’s executive board calendar reveals that Pakistan is not on the agenda for the scheduled meetings until June 29, leaving little time to restart the $6.7 billion bailout programme before the end of the current financial year on June 30, 2023.

    Pakistan is currently facing challenges in securing fresh loans to bridge its $6 billion refinancing gap. Despite the impending expiration of the current programme, the Finance Ministry is still striving to reach an agreement with the IMF. However, the lender has raised concerns about Pakistan’s budget for the fiscal year 2023-24, particularly regarding non-tax revenue and the need to broaden the tax base.

    Last week, the IMF questioned the credibility of Pakistan’s budgetary numbers, which has cast a shadow of doubt over the country’s ability to meet the conditions for the bailout programme. In response, the Ministry of Finance issued a press statement on Friday, attempting to address these concerns. However, the statement failed to dissipate the doubts surrounding Pakistan’s economic situation.

    The IMF and Pakistan may now consider combining the pending ninth review with the tenth review in the new fiscal year. Such a move would likely require Pakistan to implement more stringent tax collection measures in exchange for a larger bailout package.

    The delay in completing the 9th review and the exclusion of Pakistan from the upcoming IMF Executive Board meetings have intensified the challenges faced by the country’s economy. As the June 30 deadline approaches, the Pakistani government and the IMF will need to work diligently to resolve their differences and pave the way for the resumption of the bailout programme.

    Pakistan’s ability to secure the IMF’s support is crucial for stabilising its economy, attracting foreign investments, and addressing the refinancing gap. The outcome of the negotiations and the subsequent decisions taken by both parties will have far-reaching implications for Pakistan’s financial stability and economic growth in the coming months.

  • Alcoholic man murders father over property dispute in India

    Yesterday, in Rajsthan’s Ajmer in India, a man, Mukesh, had reportedly murdered his father while he was drunk, during an argument that escalated over property division. According to the mother, the heated conversation began earlier in the day but had seemingly settled which is when she chose to depart the house. However, India Today reports that when the mother returned, she found her dead husband’s body and immediately reported to the police.

    Baldev Ram, in charge of the Ansagar Police Station, revealed to the media that the authorities had taken swift action to arrest Mukesh, and were keeping him under custody as the investigation continues. The body of the deceased has been sent for a post-mortem examination.

  • ‘Dissapointing’: Netflix’s The Archies trailer has divided Twitter

    ‘Dissapointing’: Netflix’s The Archies trailer has divided Twitter

    Yesterday, Netflix debuted the trailer of the Zoya Akhtar venture ‘The Archies’ which is adapted from the popular comic series Archie, with Shah Rukh Khan’s daughter Suhana Khan, Khushi Kapoor and Agastya Nanda making their debut.

    Although the trailer has already received praise from King Khan, who gushed about seeing his daughter’s debut on screen, not a lot of fans agree with him.

    The internet is divided with some slamming Zoya Akhtar for white washing Indian history and choosing to make a film with actors who have nepotism connections, and others actually looking forward to Zoya’s take on the beloved comic.

    Some users were criticising the film, comparing Zoya Akhtar to Karan Johar for picking people with no talent instead of actors who were struggling to find roles in the industry today.

    Others had to draw out how unrealistic the portrayal of the 60s was in the film, pointing out that India in this era had a completely different style and aesthetic than what the film was portraying.

    https://twitter.com/minifizzz/status/1670361015094239232?s=20

    Some slammed the film for being completely white washed and not being adapted as an Indian interpretation.

    A few fans were enthusiastic for another film by Zoya Akhtar, and said they were set to watch the film

  • Greece migrant boat disaster; Pakistani survivors claim vessel was deliberately sunk

    Greece migrant boat disaster; Pakistani survivors claim vessel was deliberately sunk

    According to video accounts of Pakistani survivors, Greek authorities deliberately sunk the vessel and provided no rescue efforts. 

    In the video, survivors can be heard saying: “They have done this [on purpose]. They have sunk it themselves.” The other added, “We did not sink for five days, so why would we sink now?”

    They recounted that the ship’s engine had broken down, leaving them still for almost a week. “We did not drown even though our engine had [completely] shut down. [the boat] sunk because of the one-maund-rope they threw into the boat.”

    In an investigation conducted by the BBC, many discrepancies were found in the statements released by the Greek authorities. For one, the coastguard claims that in the hours before the boat capsized, it was on a “steady course to Italy and not in need of rescue.” 

    However, analysis of the movement of other ships in the area suggests that the migrant boat was not moving for at least seven hours before the disaster. This corroborates eyewitness accounts of Pakistani survivors.

    The UN has called for an investigation into Greece’s handling of the disaster. Greek authorities have not yet responded to the BBC’s findings. 

    FIA arrests 10 alleged traffickers

    Calamity struck a migrant boat that capsized off the south-eastern coast of Greece last week on Wednesday, leaving hundreds of Pakistani migrants dead. On Sunday, Prime Minister Shehbaz Sharif announced a high-level investigation to trace the human traffickers behind the incident. So far 10 alleged traffickers have been arrested in connection to the tragedy.

    The Federal Investigation Agency (FIA) arrested the suspected human traffickers from Azad Jammu and Kashmir, and another one from Karachi airport who was attempting to flee abroad, Geo News has reported.

    The 10 suspected traffickers are “presently under investigation for their involvement in facilitating the entire process” according to Chaudary Shaukat, an official from Pakistan-administered Kashmir.

    Condemned Pakistanis

    Last week in the early hours of Wednesday morning, a migrant boat capsized off the Southern Peloponnese while on its course to Italy from the Libyan town of Tobruk. The Guardian reported most of the victims were men from Pakistan and Afghanistan. More sinister details have since emerged from witness accounts.

    According to witnesses, the Pakistanis onboard were ‘forced below deck’ where they had far less chance of surviving a capsize. The Observer also reported that crew members were maltreating the Pakistanis below deck when they would appear in search of fresh water or tried to escape.

    The number of Pakistani lives lost is estimated to be around 298. 135 of them are reported to be from the Kashmir region. Greek authorities have yet to release a confirmation on Pakistan’s death toll.

    Mismanagement and alleged cover-up

    Many questions have been raised since witness accounts spread across global news, specifically about the role of Greek authorities in the tragedy.

    On Friday, two days after the accident, a spokesperson of the Greek government claimed that their assistance had been refused by the migrant boat after they threw a rope to the vessel to “stabilize and check if it needed help.” This contradicted the coastguard’s earlier statements that it had kept a ‘discreet distance’ from the boat.

    According to a witness interviewed by CNN, Greek authorities were seen towing the vessel with ropes, but since the ropes were tied in the “wrong places”, the boat capsized.

    The witness, Tarek Aldroobi, had three relatives on board. He told CNN, “Their boat was in good condition and the Greek navy tried towing them to the beach but the ropes were tied in the wrong places,” Aldroobi said. “When the Greek navy tried pulling them it caused the boat to capsize.”

    Nikos Alexiou, a spokesman for the coastguard, defended their response. He said their patrol boat only used a small rope to stabilize itself while it was close to the migrant boat, and that they were unable to tow it.

    In an interview with CNN, Alexiou explained: “Regretfully there was movement of people, a shift in weight probably caused by panic and the boat capsized. As soon as we got there, we started our rescue operation to collect those who were in the water.”

    In a report by The Guardian, Maurice Stierl, from the Institute for Migration Research and Intercultural Studies at Osnabrück University in Germany, responded to the coastguard’s defense: “What caused the sudden shift in weight? Was there a panic on board? Did something happen during the attempt to provide them with something? Or was it towed? And due to this towing, did the boat go down?”

    According to Stierl, EU countries ‘weaponise time’ by delaying rescue as long as they can. “They have managed to build in delays into European engagement at sea. They’re actively sort of hiding, in fact, from migrant boats, so that they are not drawn into rescue operations. We can see how a strategy is being created, that slows down –actively and consciously slows down – rescue efforts,” Stierl explains.

    Questions arose over whether the Greek coastguard should have intervened earlier, as government officials confirmed patrol boats and cargo ships had been shadowing the migrant vessel since Tuesday afternoon.

  • Commercial importers forced to suspend food and drink imports due to dollar shortage

    Commercial importers forced to suspend food and drink imports due to dollar shortage

    In a significant development impacting the country’s economy, commercial importers in Pakistan have announced their decision to suspend the import of all eatables and beverages starting from June 25. The move comes as a result of the unavailability of dollars, with banks refusing to provide the necessary foreign currency to importers.

    The decision was taken following a comprehensive discussion among members of the Karachi Wholesale Grocers Association, represented by Secretary Farhat Siddique. In a statement issued by the association, it was revealed that all importers have been instructed to inform their indenters not to dispatch any shipments after June 25. Importers will only be responsible for the clearance of goods that have either arrived at the port or are en route. No shipments dispatched after June 25 will be cleared for entry.

    According to Geo, one of the major concerns highlighted by the association is the mounting number of containers stranded at the port due to the lack of foreign currency. Importers are currently facing fines and other charges as a result. The statement further criticised the State Bank of Pakistan (SBP) for its failure to provide the much-needed foreign exchange, citing its policies as detrimental to the country’s economy.

    This recent development comes at a time when the coalition government is grappling with a balance of payments crisis and striving to combat soaring inflation, which reached a record high of nearly 38 per cent last month. With foreign exchange reserves barely enough to cover a month’s worth of imports, the situation has prompted restrictions on imports and delays in opening letters of credit, severely impacting various sectors across the country. As a result, none of these sectors have been able to meet the growth targets set for the fiscal year 2022-23.

    The implications of the shortage of dollars and the subsequent halt in food and beverage imports are far-reaching, potentially affecting the availability and affordability of essential commodities for consumers. The government and relevant authorities will need to address the foreign currency shortage promptly and implement measures to stabilise the economy, restore confidence, and mitigate the impact on businesses and consumers alike.

    As the situation unfolds, stakeholders and policymakers will be closely monitoring the developments and seeking viable solutions to tackle the ongoing challenges faced by the country’s economy.

  • Miftah Ismail to be removed from party position over poor performance: Maryam Nawaz

    Miftah Ismail to be removed from party position over poor performance: Maryam Nawaz

    Pakistan Muslim League-Nawaz (PML-N) has decided to remove former federal finance minister, and General Secretary, Miftah Ismail and provincial president Shah Muhammad Shah from party positions, SAMAA has reported.

    As per the news report, PML-N, Senior Vice President, Maryam Nawaz, while talking to senior party leaders, expressed disappointment with the performance of Miftah and Shah Muhammad Shah.

    Maryam Nawaz further said that Miftah will not be given any important party position in the future.

    The former minister had recently referred to Prime Minister Shehbaz Sharif who had said last week, without naming anyone, that the people criticising current Finance Minister Ishaq Dar have no place in his party. Mifath Ismail has been an open critic of Ishaq Dar’s policies.

  • Come to see the pig in a wig? Dursley home stalked by Potterheads, residents complain

    Come to see the pig in a wig? Dursley home stalked by Potterheads, residents complain

    If you’re stepping down Privet Drive, Little Whinging, with a clear agenda to find the black cat that’s actually Professor McGonagall walking near a certain house so you could beg her for the Hogwarts letter, we’re sorry to inform you that its too late for it to happen, as the residents of Dursley House have put their foot down.

    According to the British tabloid, The Mirror, the residents who are currently staying at the Dursley’s house in Privet Drive in 2016, are now fed up with the consistent stream of fans flooding their doorstep, even one bizarre instance of a fan bringing their Ford Angelia to the house and taking a photo along side it.

    “We’ve had people in floods of tears. It’s bizarre. The kids, you get it. But obviously the adults. They dress up sometimes in full gear and recreate scenes.

    “People have travelled miles. From all over the world. People are sometimes really awkward. We are used to it, but not used to it in a way.”

    “Ten is the maximum we’ve had but people come in groups. People come in cars and it’s all day and sometimes at night. The school holidays are the worst.”

    Really could help if the residents could bloat up like Aunt Marge and float away?

  • ‘Covering up his crimes’: PTI responds to Aleem Khan’s allegations

    ‘Covering up his crimes’: PTI responds to Aleem Khan’s allegations

    Pakistan Tehreek-e-Insaf (PTI) has officially responded to the allegations made by Aleem Khan, President Istehkam –e-Pakistan Party (IPP) against Imran Khan in Saleem’s Safi Geo News program “Jirga”.

    PTI said that Aleem Khan made false allegations against former Prime Minister Imran Khan and his wife. The statement read that Aleem Khan has made false allegation against Imran khan to cover up his crimes.

    The spokesperson further added that Aleem Khan committed fraud of Rs50 billion in the name of private housing scheme.

    The statement further said that the party IPP has already flopped.

    The spokesperson of PTI also said that the Aleem Khan’s allegations against a woman like former First Lady Bushra Bibi who has nothing to do with politics are “saddening”.

    PTI is more popular than ever, the party insisted, and is ready for elections, the statement added.

    Aleem Khan on Saturday appeared on Geo News programme Jirga with Saleem Safi , and among other things, made startling revelations about former Chief Minister Punjab Usman Buzdar.
    During the show, the former Pakistan Tehreek-e-insaf (PTI) leader also read out old whatsapp conversations with PTI chairman Imran Khan.

  • ‘Wanted to go to Italy for better earning opportunities’: Family members of Greece boat tragedy tells how their loved ones reached the deadly boat

    ‘Wanted to go to Italy for better earning opportunities’: Family members of Greece boat tragedy tells how their loved ones reached the deadly boat

    Family members of two victims of the migrant boat tragedy appeared in Geo news’s programme Naya Pakistan and disclosed how their loved ones made it to the ill-fated boat.

    Syed Shahid, the uncle of two boys aged around 15 and 16, said that they do not know about the whereabouts of the nephews, adding that no officials have contacted them yet.

    He added that the agent who sent his nephews abroad belongs to Kotli Nowshera, Sialkot. He further said that the agent came to them a day before the incident and lied to them that his nephews had reached safely. He said that we later found out on Monday that the ship had sunk, after which we went to the agent’s home but there was no one there.

    “The agent told them he would take my nephews to Libya by air, and then their journey would be completed on a cargo ship,” he said. Shahid further revealed that they gave 47 lacs to the agent for his two nephews. He continued by adding that they both took 15 lacs with them in dollars.

    He told the anchor that his nephews left Pakistan on May 19 and boarded the boat on June 9. In their last message, his nephews informed them that they were not placed on the promised ship, instead, they were seated on fishing vessels.

    He said that they wanted to go to Italy for better earning opportunities.

    Luqman Yaqab, whose brother and cousin were on the ship, said that he is in contact with the agent, who has informed them that there is a possibility that his brother and cousin were on a different ship.

    He further said that his brother was 17 years of age and his cousin was around 29 to 30 years, adding that they both left Pakistan in January for Dubai, then they went to Egypt, from Egypt then they went to Libya.

    Luqman said that they were unaware of the fact that his brother and cousin are taking an illegal route.

    The prime minister has constituted a four-member high-level committee to investigate the tragic incident.

  • Pakistan football team may receive Indian Visa today

    Pakistan football team may receive Indian Visa today

    Members of the Pakistani football team may receive their visas today (Monday) to tour India for participation in the South Asian Football Federation (SAFF) Cup, scheduled to take place in Bengaluru from June 21 to July 4.

    When geo.tv correspondent reached out to All India Football Federation’s (AIFF) Secretary General Shaji Parbharkaram about updates on the Pakistan team’s India’s visas, he replied via WhatsApp: “It will be done tomorrow.”

    AIFF is doing its best to manage visas for the Pakistan team, who will be going to India after nine years.

    According to sources, Pakistan team officials were set to go to India’s High Commission in Mauritius to pick up their passports on Sunday. However, they were told by the PFF Normalisation Committee to wait as AIFF was trying to manage visas for the Pakistan team.

    Pakistan team was scheduled to fly for India on Sunday at 11:30am, but it could not do so as the visas were not yet issued.

    Team management had told Mauritius football authorities that they would be able to get Indian visas on Monday (today), and they have cooperated in accommodation.

    Pakistan team is currently in the same hotel where it was for the four-nation football event, which ended on Saturday.

    Djibouti emerged as champions of the event after they downed Pakistan 3-1 in their final game on Saturday.

    According to team sources, if on Monday the team fails to get visas, then their further stay in Mauritius might be managed by Pakistan itself, which will be costly.

    “You cannot feel in what mental agony we have been for the last three days,” a team source said.

    “Everyone is worried whether they will get visas or not,” the source said.

    “The players were very excited for the SAFF Cup but the visas issues have put them in deep pain,” the source said.

    Sources said if visas are delayed further and if Pakistan moves to India on Tuesday or early Wednesday, then it will be very difficult for the Green Shirts to play their first game against India on June 21.

    “If we reach India on June 21 or the night before then the organisers should reschedule our match against India,” a source said.