Category: Uncategorized

  • ‘I will visit Pakistan this year,’ Bollywood actress Sonam Bajwa

    ‘I will visit Pakistan this year,’ Bollywood actress Sonam Bajwa

    Bollywood actress and model Sonam Bajwa held a Q&A session with fans on Twitter and announced that she will definitely come to visit Pakistan this year.

    “I will definitely come this year,” she responded to a fan’s request to visit Pakistan.

    Previously, Bajwa had expressed her love for Pakistani actor Mahira Khan on a Twitter post. When a twitter user had asked her to comment on the trolls coming after Mahira Khan for looking similar to her, Bajwa responded:
    “I love love and love Mahira Khan.”

    Mahira had responded with ‘Hey you sending you lots of love x’

    Bajwa had also previously revealed that she had a crush on singer and actor Fawad Khan. In a conversation with Connect FM Canada, Bajwa revealed that if Khan was not married, she would have dated him.

     “I don’t eye on married men. It’s Fawad Khan, so if he wasn’t wed, I’d make my move.”

  • SBP-held forex reserves increase by $66 million as Pakistan seeks critical IMF loan tranche

    SBP-held forex reserves increase by $66 million as Pakistan seeks critical IMF loan tranche

    The State Bank of Pakistan (SBP) has reported a minor increase in its foreign exchange reserves, as the nation desperately seeks to unlock a critical tranche of funding from the International Monetary Fund (IMF).

    The central bank stated that its reserves had risen by $66 million to $3,258.5 million as of the week ended February 17, providing an import cover of around three weeks. The net foreign reserves held by commercial banks were reported to stand at $5,468.0 million, $2,209.5 million more than the SBP, taking the total liquid foreign reserves to $8,726.5 million.

    China development bank approves $700 million facility for Pakistan

    Finance Minister Ishaq Dar has announced that the forex reserves are expected to receive a significant boost in the coming week, as the Board of China Development Bank has approved a $700 million facility for Pakistan. The funds could be deposited into the SBP’s account this week.

    Pakistan takes austerity measures in a bid to resume IMF programme

    In a bid to resume the delayed IMF programme and avoid default, the Pakistani government has taken a series of steps in the past two months. These measures include adding new taxes, increasing energy prices, and loosening its control on the rupee.

    Parliament approved a supplementary finance bill that increases sales tax from 17 per cent to 25 per cent on imports ranging from cars and household appliances to chocolates and cosmetics. People will also have to pay more for business-class air travel, wedding halls, mobile phones, and sunglasses. A general sales tax was raised from 17 per cent to 18 per cent.

    Prime Minister Shehbaz Sharif also unveiled cost-cutting measures to save $764 million annually, stating that austerity, simplicity, and sacrifice are the need of the hour.

    Concerns over Pakistan’s debt and dollar crunch

    Fitch Ratings, a global credit ratings agency, has downgraded Pakistan’s $350 billion economy twice in four months, citing dwindling foreign reserves. Bloomberg data shows that Pakistan has coupon repayments of $542.5 million this year.

    In all, the country has $8 billion in dollar bonds debt due by 2051, with the next payment of $1 billion due in April of next year. Most of the nation’s external debt of about $100 billion is sourced from concessional multilateral and bilateral sources.

    Pakistan also faces a dollar crunch that tests its external stability, and supply disruptions caused by flooding, food shortages, and IMF preconditions for rescue may push inflation above 30 per cent for the first time on record, according to Bloomberg Economics.

  • Bushra Ansari reveals struggles she faced in her first marriage

    Bushra Ansari reveals struggles she faced in her first marriage

    Bushra Ansari was a guest on Nida Yasir’s talk show where among many things, she opened up about her abusive first marriage and the ways her husband, Iqbal Ansari, restricted her from the things she used to love. Ansari and her ex-husband parted ways after 36 years of marriage. The veteran actress said in the interview that she was quite naive when she got married:
    “Girls who are around 19 or 20 years old when they’re getting married, it’s not easy for them to stand up for their rights, and most of the time they don’t want to. I believe that young people are very innocent and idealistic, which is why it is easy for an older person to enter their lives and mold them to his taste. Especially it is your parents and other relatives who complain about your bad habits to your husband, and encourage him to keep a strict control over you. But girls are very naive when their getting married, they’re like jelly. But I’m proud of this generation today because women are well-educated and also know how to stand up for themselves.”

    Ansari went on to share how she followed the customs of her time to obey and act according to the wishes of her husband, hoping that he might like her and be happy but instead of that, she was expected, all the time, to do what he said.

    “He asked that i remove my nose pin, which I loved, but I agreed. He also said don’t wear ghararay on your wedding so I decided to switch to wearing sari’s. Then he also said don’t wear mehndi on your hands on your wedding, I agreed. Even though this wasn’t a twenty year long affair, but we only knew each other for three months and then we got married.”

    “I thought that if I would say ‘theek hai jee, aap ki marzi’, then everything would be fine. Because once he is happy, then I would also be happy. Whatever he said, I would do. He said stop going to your friend’s house, I agreed. I thought that he was a temple, and I was running around it. But this was the kind of mindset women from this generation used to follow because they were told this is how they must remain happy in their marriages. I’m not saying you should completely rebel and refuse to be nice to your husband, because sometimes listening to someone’s request is a good thing and they acknowledge you. Otherwise you listen to them once, then they keep expecting you to listen to everything they have to say.”

    You can watch the complete interview here:

  • Aurat March 2023: Feminism in the time of crisis

    Aurat March 2023: Feminism in the time of crisis

    Feminist social movement Aurat March has unveiled their theme for this year: Feminism in the time of crisis.

    The movement elaborated on the significance behind this theme on Twitter, revealing that it will address the ongoing security, climate and economic issues currently plaguing the country.

    “We demand a feminist response to these crisis: one that centers the voices and experiences of one of the most affected and prioritizes justice and equity for all.

    These responses must be democratic and equitable. A Pakistan plagued by regional, ethnic and class inequity is unacceptable. We cannot afford to ignore the intersectional impacts of these crises any longer.

    Pakistan is plagued with challenges on multiple fronts including security and safety crisis, economic crisis, climate crisis and a relentless crisis of gendered violence. We know that these issues are deeply rooted in the patriarchal system that prioritize masculine politics and ignores the needs and rights of gender minorities and marginalized communities.

    It’s time to demand a better future for all.

    Join us on 8th March.”

  • Twist in Barkhan tragedy as woman believed dead recovered alive

    Twist in Barkhan tragedy as woman believed dead recovered alive

    The Barkhan tragedy has taken a twist on Wednesday night when an autopsy report revealed that the body believed to be that of Giran Naz, a woman allegedly imprisoned in a private jail in Balochistan, is of an unknown teenager.

    Giran Niaz with her daughter and four sons were recovered alive in the late hours of Wednesday night after three separate search operations were conducted in different locations. The autopsy conducted on the female corpse recovered from a well, thought to be that of Naz, showed that the body was of a young woman aged around 18 years, who had been raped and shot in the head thrice.
    Police on Wednesday had earlier arrested Sardar Khetran from Quetta on charges of killing Naz and her two sons.

    Giran Naz along with her children is in protective custody and will be handed over to representatives of the Marri tribe.

    What is the back story?

    Sardar Abdur Rehman Khethran, 64, head of the Khethran tribe in Balochistan’s Barkhan, allegedly runs a private jail in the province, and the three bodies recovered in Haji Koat were imprisoned in the same private jail. Khethran wanted Mohammad Marri, who worked as a guard for him, to testify against his son Inaam Shah in a fake police case about a property clash. Marri refused to testify against Inaam after which Khethran imprisoned eight members of his family in his private jail including his wife Giran Naz Bibi, six sons Mohamad Nawaz, Abdul Majid, Abdul Qadir, Abdul Sattar, Abdul Ghaffar, Mohammad Imran and a teenage daughter Farzana.
    Khethran also had Marri arrested, however, he was released after spending three and a half years in jail. After getting released, he started to look for ways to release his family from the private jail.
    Marri, with the help of Inaam Shah, smuggled a cellphone inside the private jail where his wife and kids were being detained.

    A video of Giran Naz Bibi was recorded while she was carrying a Holy Quran. She claimed in the video that Sardar Khethran is holding them captive.

  • Ayesha Omar addresses her rumored affair with Shoaib Malik

    Ayesha Omar addresses her rumored affair with Shoaib Malik

    Ayesha Omar made headlines in both Pakistan and India when her sensual photoshoot with the former Pakistani cricket player Shoaib Malik went viral on social media. Rumors began swirling about estrangement between Malik and his wife, former Indian tennis player Sania Mirza, with speculations of a divorce in the works. Omar and Malik became the target of gossip, with stories of the two having an affair which led to the cricketer’s marriage falling apart.

    Now on a talk show with Shoaib Akhtar, Omar made it clear that she isn’t interested in married men.

    “I will never be attracted to a married or committed man ever. Everyone knows me… that goes without saying,” she said.

    When Akhtar asked her about the controversial photoshoot, Omar responded that the rumors of their affair started in India and then arrived in Pakistan.

    Previously in 2021, an instagram user had taunted Omar by asking her when she will be getting married to Malik, and she shut down the rumor directly:

    “Absolutely now. He is married and is very happy with his wife. I respect Shoaib Malik and Sania Mirza a lot. Shoaib is a good friend of mine and also a professional colleague. He respects me a lot as well. There are also relationships like these which don’t revolve around marriages,” wrote the Bulbulay actor.

  • China’s $700 million loan to boost Pakistan’s foreign exchange reserves

    China’s $700 million loan to boost Pakistan’s foreign exchange reserves

    Pakistan’s Finance Minister Ishaq Dar has announced that the Board of China Development Bank has approved a credit facility of $700 million for Pakistan, and all formalities have been completed.

    This announcement was made through a tweet, and the loan is expected to be received by the State Bank of Pakistan this week, which will help to boost the country’s forex reserves.

    According to Reuters, the credit facility, provided by the state-owned China Development Bank, will increase Pakistan’s forex reserves by about 20 per cent. This comes at a time when the country is in talks with the International Monetary Fund (IMF) to unlock funds from a $6.5 billion bailout. The loan is in addition to other facilities that China has already extended to Pakistan, and a finance ministry official has stated that the money could arrive as early as Thursday.

    China Development Bank did not respond to a faxed request for comment. Currently, China is Pakistan’s largest creditor, and its commercial banks hold approximately 30 per cent of the country’s external debt.

  • IMF likely to announce staff level agreement with Pakistan by this week

    IMF likely to announce staff level agreement with Pakistan by this week

    According to Syed Naveed Qamar, the Federal Minister for Commerce, Pakistan has taken all necessary measures to unfreeze a $6.5 billion credit line and is expected to reach a staff level agreement (SLA) on Extended Fund Facility (EFF) with the International Monetary Fund (IMF) this week.

    Dr Aisha Ghaus Pasha, the Minister of State for Finance, stated that Pakistan and the IMF are close to reaching an SLA, but that basic structural reforms are necessary regardless of whether they are part of the IMF program or not.

    After the formal announcement, Pakistan will receive a $1.2 billion tranche under the EFF. Qamar stated that the agreement would give investors and creditors confidence in Pakistan’s stabilising economy and that their money would remain protected.

    Qamar emphasized that the IMF program is the beginning of other funds flowing in and that increased imports would benefit exports.

    However, Pakistan is struggling to meet the tough conditions set by the IMF, such as increasing its low tax base, ending exemptions for the export sector, and raising artificially low energy prices. The country is in dire need of funds as the State Bank of Pakistan-held foreign exchange reserves only cover one month of imports.

    To meet IMF conditions, Pakistan has raised taxes, cut subsidies, and devalued its currency. Additionally, a supplementary finance bill was approved that increases sales tax from 17 per cent to 25 per cent on imports and raises general sales tax from 17 per cent to 18 per cent, increasing the burden on already inflation-stricken people.

  • No luxury cars, no five-star hotels, federal cabinet’s perks and salaries cut amid economic crisis

    Prime Minister (PM) Shehbaz Sharif has announced major cuts in perks and facilities that were being given to the federal cabinet as the economic crisis worsens.

    Addressing a press conference on Wednesday in Islamabad, the Premier, flanked by members of the federal cabinet, said that ministers, state ministers and special advisers had decided “willingly” to forego their salaries and perks. He said that all ministers would now pay their own telephone, electricity, water and gas bills.

    The premier further said that federal ministers would also travel in economy class and will not stay in five-star hotels during foreign trips.

    He asserted that no cabinet member or government officer will use a luxury car, adding that “Until June 2024, there will be a complete ban on purchasing all types of new cars.”

    The head of government also said that “to conserve gas and electricity, advice for opening offices at 7:30am during summer has been accepted.”

    Shehbaz Sharif said that it has also been decided that government employees will not be allotted more than one plot, saying that this would be implemented from tomorrow.

    He said that in terms of food, only a single dish would be allowed at government events.

    Talking about the Toshakhana, the premier said that the federal cabinet has decided that no one will be allowed to retain state gifts worth more than $300 (approx. Rs70,000). He also added that the government has decided to make the Toshakhana record public.

    Responding to a question from a reporter, PM Shehbaz said that the measures would save Rs200 billion annually.

    He said that matters with the International Monetary Fund (IMF) are at the “last stage” and hoped that everything will go well.

    The development has taken place while Pakistan is eyeing a staff-level agreement with the International Monetary Fund (IMF) this week as the country reels under a foreign reserve shortage.

    Earlier this week, the National Assembly passed the IMF-dictated Finance (Supplementary) Bill 2023, seeking to impose an additional Rs170 billion in taxes.

  • ‘Disrespectful’: Resham, others slam Javed Akhtar for insensitive comment at the Faiz Festival in Lahore

    ‘Disrespectful’: Resham, others slam Javed Akhtar for insensitive comment at the Faiz Festival in Lahore

    Indian poet Javed Akhtar’s comments about Mumbai attacks at the recent Faiz Festival circulated heavily on social media. Akhtar attacked Pakistan for refusing to hold accountable the terrorists behind 26/11 attacks. He also said that India had always honored and celebrated the legacies of Pakistani musicians like Nusrat Fateh Ali Khan and Mehdi Hassan, but Pakistan refused to do the same thing.

    Pakistani actors have slammed the Indian screen writer for his inappropriate comments and especially for misleading the audience into believing that Indian actors and musicians were not respected in Pakistan.
    Actor Ejaz Aslam criticized Akhtar for refusing to own up to the destruction India had done in Kashmir, instead of hating on the country that had invited him as a guest.

    “Mr javed akhtar would you mind shedding some light on Kashmir issue ? You shouldn’t have come if you have so much hatred for pakistan, we still let u go back safely & thats our answer to your nonsense”

    Actress Saboor Aly reacted to the celebrities who were praising Javed Akhtar at the mehfil, and said she was ashamed that they refused to set professional boundaries towards someone who had disrespected them in this manner. She also felt that it was shameful how many local celebrities who are equally as talented are not given the honor and respect Akhtar was given for three days.

    “These people were celebrating someone who had insulted them in their own home, and then sat at his feet and singing praises. What a shame! So-called educated people. You have never respected your own talent the same way. Some of the biggest stars in this country had passed away in severe circumstances when they didn’t even have any money to pay for their operation. Where were these people then who respected talent so much?”

    Fashion designer Zara Shahjahan criticized the elite participants who had attended the conference where Javed Akhtar had said this, and also later had hosted a mehfil for him.

    “He was not just allowed to come to Pakistan, he was allowed to shit on Pakistan and then the Lahori “fake” elite hosted a party for him where they cried on his knees.”

    Actress Resham, who had also shared video clips of attending the mehfil hosted by Ali Zafar where Akhtar was honored, gave her defence on her Instagram stories. She shared that she deeply respected her country and its people, and was not aware of the comments he had made.

    “I hold my country Pakistan in deep respect, and was not aware of the type of comments Javed Akhtar had made at the conference on the Faiz Festival that day. I condemn his words. As per our customs of special treatment, we consider guests God’s mercy but Pakistan is more precious to us than our hearts and lives.”