Pakistan’s current account recorded a surplus for the second consecutive month in April, with analysts attributing this development to a reduction in imports resulting from administrative measures.
Data released by the State Bank of Pakistan (SBP) on Tuesday revealed that the country achieved a surplus of $18 million this month, compared to a current account deficit of $640 million last year. The current account had previously attained a surplus in March for the first time since November 2020, reaching $654 million, the highest since February 2015.
According to experts, April’s current account surplus was lower than expected due to the SBP’s clearance of an import backlog.
Overall, during the ten months of the current fiscal year, the current account deficit amounted to $3.25 billion, marking a 76 per cent decline compared to $13.65 billion for the same period last year.
According to the SBP data, the import of goods experienced a 38 per cent year-on-year decrease, amounting to $3.7 billion in April. In contrast, exports also fell by 33 per cent to $2.11 billion.
Furthermore, remittances declined by 29 per cent to $2.2 billion.
The current account has achieved a surplus for two months, primarily due to the containment of imports through administrative measures.
According to Geo, the decrease in imports has led to a slowdown in large-scale manufacturing in the country, impacting overall activity levels in sectors like services and trade.
Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan has condemned the “arrest” and “abduction” of party leaders, and workers. “I strongly condemn the illegal arrests and abduction of our workers and leaders. Our Vice Chairman Shah Mehmood Qureshi and Secy General Asad Umar have also been incarcerated for more than a week now. Also, despite court orders journalist Imran Riaz Khan has not been presented in court and there are confirmed reports of torture against him,” wrote PTI chairman in a tweet on Wednesday.
He demanded the immediate release of all female leaders, workers and the female family members of our leaders and workers of his party. “How could Shehrayar Afridi’s wife be jailed? This is purely to spread terror amongst the people so that they don’t stand up for their constitutional rights?,” questioned Khan.
“I am deeply disturbed after hearing of Dr. Shireen Mazari, the former Human Rights Minister’s treatment and her daughter being physically assaulted by male police officers. After the IHC granted bail to Dr Mazari and Senator Falak Chitrali they were abducted from within Adyala Jail and taken to thana secretariat where Dr Mazari’s screams were heard.,” he added.
“The video evidence coming forward of the barbaric treatment meted out to our female supporters is reprehensible. Many of our female MNAs, supporters, and workers are being held in jails across Pakistan under inhumane conditions, vulnerable to police excesses. These abductions and the treatment being meted out to women by this fascist government are not only grave human rights violations but are strictly against our culture and Islamic teachings. All these women must be immediately released. Their continued incarceration is unconscionable. I am also raising this with International Human Rights Organizations.”
I strongly condemn the illegal arrests and abduction of our workers and leaders. Our Vice Chairman Shah Mehmood Qureshi and Secy General Asad Umar have also been incarcerated for more than a week now. Also, despite court orders journalist Imran Riaz Khan has not been presented in…
Yesterday, Imaan Zainab Mazari-Hazir, the daughter of Shireen Mazari, expressed her disappointment in Imran Khan for not speaking up about the arrest, which she labels as an abduction.
Imran’s tweet did not mention Fawad Chaudhry who last night condemned the May 9 riots while talking yo the media.
Prime Minister Shehbaz Sharif on Tuesday chaired a meeting of the National Security Committee (NSC), with the moot being attended by federal ministers, the Chairman of the Joint Chiefs of Staff Committee, the three services chiefs, heads of security institutions and senior officers.
The meeting endorsed the decision to book violent protesters of May 9, under the constitution and relevant laws, including the Pakistan Army Act and Official Secrets Act.
The PM, while addressing the meeting said, “Those who planned, executed and abetted the vandalism on May 9 certainly committed an act of terrorism.”
It was also decided in the meeting that May 09 will be celebrated as Black Day. “Whatever happened on May 9 will be remembered as Black Day in the history of Pakistan,” the PM added.
A Special Corps Commander Conference held on Monday at the General Headquarters (GHQ), presided by Chief of Army Staff General Asim Munir, decided that the planners, instigators, abettors and perpetrators of the attacks on military installations and buildings during the protests led by Pakistan Tehreek-e-Insaf (PTI) supporters will be tried under relevant Pakistani laws, including the Army Act and Official Secret Act.
Former Chairman of the Pakistan Cricket Board (PCB) Ramiz Raja has slammed current head of the Board, Najam Sethi, on the issue of Asia Cup 2023 hosting country.
Sethi is trying to solve the Asia Cup hosting issue amicably with Board of Control for Cricket in India (BCCI) and Asian Cricket Council (ACC). Jay Shah, President of ACC and also Secretary of BCCI, has been accused of being biased and creating hurdles for Pakistan’s hosting rights of Asia Cup. “England could be a possibility as a venue for the Asia Cup,” Sethi said in an interview with BBC.
Ramiz Raja expressed anger on the statement, raising questions about the mental health of the PCB chairman. “The whole purpose of Asia Cup right before the World Cup is to let the teams get used to Asian conditions.
I was shocked to hear the Chairman PCB saying it would be great to see the Asia Cup being played at Lord’s. Is he mentally stable or not?” Raja questioned.
Raja also said that it makes him angry when the chairman is saying that Pakistan Super League (PSL 9) will be conducted in UAE because of taxation issues in Pakistan.
“On one side you are saying Pakistan is safe for cricket regarding Asia Cup and on the other hand you are saying PSL 9 will be conducted in UAE, what type of perspective are you trying to give, are you out of your mind,” Ramiz Raja asked.
Former cricketer Salman Butt also took a dig on Sethi’s statement of hosting Asia Cup in England: “A neutral venue like this [England] is not viable for Asia Cup, it will not make sense as it will mean that there is not a single venue in Asia where it could be held.” “You can include England in it and make it Euro-Asia Cup. You can also give this suggestion. In the past, Austral-Asia Cup used to take place in which Australia participated.
You can also include Ireland and Netherlands in it. It would be a World Cup-like event, as it will have six teams from Asia and four countries from Europe, so it will be a ten-team tournament. It will be a dress rehearsal for World Cup,” the former Pakistan opener said.
He also added, “You can come up with as many ideas as possible but you also have to see what is practically possible.”
In a historical move, yesterday the National Assembly passed the ‘Maternity and Paternity Leave Bill’ 2020, which has granted mothers the right to take up to six months paid maternity leave from their workplaces at their first birth, as well as leaves for three to four months during the birth of their second and third child as the bill states:
“Maternity leave shall in the prescribed manner be granted on full pay outside the leave account to a female employee on her option to the extent of one hundred and eighty days on first birth, one hundred and twenty days on second birth, ninety days on third birth.”
The bill also granted paternity leave for fathers, allowing men to take one month paid leaves from their work places on the birth of their child:
“A male employee expecting his wife to give birth to a child shall , at his option, be granted paternity leave on full pay not exceeding thirty days.”
The bill has been passed in federal territory, which means it will be made a legal priority for Islamabad workplaces to include paid paternity and maternity leave in their policies. But hopefully, this progressive step will soon encourage other cities to take note and follow to make inclusive policies that do not push women out of the workplace after their marriage.
The bill was presented at the National Assembly by Pakistan Peoples Party (PPP) Senator Quratulain Marri, who praised her colleagues support to prioritise social issues, which helped in making this landmark legislation possible.
Work becomes less difficult when your Party leadership consistently encourages you & prioritises social issues. So much work by so many people has made passing this landmark legislation possible. So grateful to every one of them. https://t.co/wsOFnWNeYv
Social media users have celebrated the legislation as a progressive step that will stop women from being forced to chose between motherhood and their jobs, and applauded Senator Marri for helping ensure this will happen.
Big news goes unnoticed! Pak’s Parliament passes a historic bill, a remarkable stride for women’s welfare. This progressive legislation emphasizes the importance of family and work-life balance. Kudos to our lawmakers for prioritizing the well-being of families!#ProgressivePakhttps://t.co/7RCUDJiyAF
As a mother myself & having friends who are embarking on this amazing journey of parenthood, I feel this was so much needed in #Pakistan – esp since more & more couples are working! Maternity leaves / paternity leaves give a breathing space to them both! https://t.co/B5pos3xmHX
The Islamabad High Court (IHC) has extended bail for Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan till May 31.
The decision was made during a hearing of PTI’s plea to provide details of more than 100 cases in which Imran is booked.
The former Prime Minister was represented by Barrister Gohar in court today. The government’s attorney asked for extra time to disclose details regarding the charges brought against the PTI chief.
The court, while approving the request of the government’s attorney, postponed the hearing until May 31, passing orders not to arrest Imran Khan until then.
Earlier IHC, barred authorities from arresting Imran Khan till May 17 in any new case registered against him after May 9.
Imaan Zainab Mazari-Hazir, the daughter of Shireen Mazari, appeared on Spot Light at AajTv with Munizae Jahangir on Tuesday, where she expressed her disappointment in PTI chief Imran Khan for not speaking up about the arrest, which she labels as an abduction.
During the show, the anchor asked Imaan if Imran Khan had shown any support to her upon her mother’s arrest. The human rights activist replied, “I’m very disappointed, even though my mother always stood by Imran Khan, he did not utter a single word at her abduction”.
During the show Imaan further revealed that instead of releasing her mother from Adiala Jail, the Islamabad police abducted her and took her to another police station.
She continued by saying that she reached the secretariat police station after she received unverified information about her mother’s location with her lawyer.
When she reached there, officials asked her to go to and meet G-11 Superintendent, but Imaan said that she entered the police station forcefully screaming her mother’s name and she then saw her mother behind prison shouting that she was being beaten. Imaan said that her mother advised her to leave the police station.
She told the anchor that officials dragged her out, adding that she is unsure of what really happened.
میری والدہ کو اڈیالہ جیل سے رہا کرنے کی بجائے اسلام آباد پولیس اغوا کرکے کسی اور تھانے لے گئی جب میں اپنی والدہ کی تلاش میں سیکرٹریٹ تھانہ پہنچی تو میری والدہ وہاں پر چیخ رہی تھی کہ مجھ پر تشدد کیا جا رہا ہے :ایمان مزاری@MunizaeJahangir .@ImaanZHazirpic.twitter.com/E41GzcjyR7
Shireen Mazari was arrested by the police in the early hours of the previous Friday. Islamabad High Court (IHC) on Tuesday deemed the detention of Shireen under the Maintenance of Public Order (MPO) as unlawful and ordered her immediate release. However, she was arrested again by police shortly after her release from Adiala Jail. In a tweet, Imaan Mazari said that she does not know about the whereabouts of her mother.
According to reliable sources, Pakistan has agreed to pay an annual profit of four per cent to Saudi Arabia on a deposit of $2 billion with the State Bank of Pakistan (SBP) for a duration of one year.
This decision was made to fulfill one of the prerequisites set by the International Monetary Fund (IMF), which demanded that Pakistan secure external funding of approximately $6 billion, according to Brecorder.
Additionally, the United Arab Emirates (UAE) has also confirmed to the IMF that it will deposit $1 billion with the State Bank of Pakistan.
On May 10, 2023, the Finance Division presented an additional agenda item to the Federal Cabinet, informing them that the Kingdom of Saudi Arabia, through its Ministry of Finance, had agreed to deposit $2 billion with the State Bank of Pakistan for a one-year period. The proposed annual profit rate was set at 4 per cent.
The draft Deposit Agreement, provided by the Saudi side, was sent to the Ministry of Law and Justice and the Office of the Attorney General for Pakistan for examination and clearance in accordance with the Cabinet’s decision on May 14, 2019.
Upon approval by the Federal Cabinet, the Finance Division of the Government of Pakistan will authorize the State Bank of Pakistan to proceed with the Deposit Agreement. The Ministry of Law and Justice has given its clearance to the draft
Agreement, subject to the completion of all necessary formalities, while the Federal Board of Revenue (FBR) has granted its approval for tax exemption.
Anchor Muhammad Junaid made the country proud when he became the first ever Pakistani journalist to participate in the Boston Marathon and the London Marathon, a feat he completed in a week.
In the Boston Marathon, held on April 17 in Eastern Massachusetts, Junaid completed the run in 3 hours, 36 min and 38 seconds. He participated along side other Pakistani-Americans like Salman Khan, Hamid Butt, Prem Kumar, Aamad Butt and Shariq Samad. Dr Salman & Hamid Butt are Abbott 6 Start Finishers.
Whereas in the London Marathon, which Junaid finished in 3 hours, 21 minutes and 38 seconds, he ran alongside others Pakistani or Pakistani origin marathons runners. Sadiq Shah, Faisal Shafi, Semeena Khan, Danish Raza, Prem Kumar, Farrukh Sadiq, Dr Jehanzeb Mughal, Danish Elahe, Imran Aleem & Ammar Mumtaz were also among them.
Saqid Shah, a Quetta born and currently a Karachi resident made history at the London Marathon by completing the race in 2 hours, 55 minutes and 20 seconds, becoming the fastest Pakistani runner in London Marathon. He appeared on the Geo News show ‘Geo Pakistan’, along with Muhammad Junaid.
The Current reached out to Junaid to chat about his recent accomplishments, and how running become one of his favorite hobbies, and the Geo News anchor gave us some interesting insights.
Q. You mentioned in your bio that you previously participated in the Boston Marathon. Is running your passion?
Junaid: I started more organised and focused running a few years ago and ran marathons in Karachi and Istanbul. Women and men of the running community realised that the number of Pakistanis in International marathons is very limited and we decided to train to run them. Every marathon has its own value but running Boston marathon can be any runner’s biggest dream. I collaborated with Pakistani Americans & partnered with South Asian Circle of Hopkinton through Hopkinton Board in Massachusetts to run Boston Marathon and open paths for more South Asians in future. It’s an achievement for South Asians in USA and Pakistanis here.
Q. Winning this race seems like an impossible task, so how did you train for this marathon? Especially considering that you’re a Karachi food lover.
Junaid: The goal is to finish the marathon in a good time, preferably faster than your previous time, for any marathon runner 70 KM per week is considered a standard mileage. Per week can vary for everyone, but yes you have got be careful with food. Protein is most important in that because it helps make and repair cells, which are critical for growth and development. So yes chicken, yogurt, milk, eggs, cheese, seafood, nut butters and then good carbs like wholegrain items, sweet potato, brown rice, and lots and lots of water, in my experience anyone involved in sports should avoid carbonated drinks because of the amount of processed sugar in them.
Q. You met politicians like MP Zarah Sultana who congratulated you for your prestigious win! How did that feel?
Junaid: For the Boston Marathon, Pakistani-American Shahid Ahmed Khan, who is currently a member of US President Joe Biden’s prestigious President’s Advisory Committee on the Arts (PACA), Irfan Nasrullah, and the President of South Asian Circle Ruta Upalekar and her team’s role was significant in helping me prepare for the marathon. From Pakistan, it was nearly impossible without support of Geo News. London Marathon was a collaboration for me with the Pakistani-British Journalist Saima Mohsin to raise funds for Scope, a UK charity working mainly for people with disabilities and facing cost of living crises. In that collaboration, we met British Pakistani MPs Naz Shah and Zarah Sultana, who are an inspiration for many and they assured us of their support to work in order to send more Pakistanis of all genders in world sports specially London Marathon.
Q. These initiatives are wonderful but sadly such things have not taken place in Pakistan. Should Pakistani politicians also start setting up running marathons, now that petrol prices are soaring and we’re looking for cheaper ways to travel?
Junaid: Pakistan does not have any international standard running events so far but Shoaib Nizami and other partners are working to organise Pakistan’s first internationally recognised marathon, Karachi Marathon, this year, which can help people here to get first hand experience of running an official marathon.
Junaid revealed that currently he is gearing up along side other Pakistani marathon runners to participate in the upcoming Berlin Marathon being held on September 24, where 50 runners from Pakistan are expected to participate.
Besides the fact that Pakistanis are underrepresented at these races, the number of women runners is even less but the running community is trying to change that. Last year, at London Marathon, Kaukab Sarwar and Hira Diwan ran in the race for TCF with the help of a friend of Pakistan, Mike Nithavrianakis. It is expected that a bigger number of women will be participating in Berlin Marathon this year. Hira Diwan, who is a British Pakistani, has run four world major marathons including New York & Chicago.
Following the internet blackout in Pakistan, Federal Minister for Information Technology and Telecommunication Syed Amin-ul-Haque distanced his ministry from the blockage, stating that they were not taken into confidence.
According to Geo, Haque revealed that mobile internet services were suspended without the Ministry of IT’s consultation. Since 2017, the Pakistan Telecommunication Authority (PTA) has not been under the Ministry of IT, and the PTA has been operating independently.
The minister explained that blocking social media websites or the internet was not the solution to any issue, and he urged people to be open-minded rather than resorting to using a VPN to access blocked sites.
Haque suggested that instead of completely blocking the internet, it could be blocked in specific areas. He emphasized that the IT sector suffered losses of billions of rupees due to internet blockages.
The suspension of mobile broadband and restricted access to Twitter, Facebook, and YouTube occurred after violent protests arose in response to the Rangers personnel arresting Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan from the Islamabad High Court. At least ten people died, and dozens sustained injuries during the days-long protests.
After almost a seven-day suspension, the government restored access to social media platforms such as Twitter, YouTube, and Facebook. The suspension was recommended by the interior ministry and is the longest continuous shutdown in a country that often suspends communication as a tool to quell unrest. Telecom operators suffered an approximate revenue loss of Rs820 million, which was a significant blow to the sector as the economy remained in a fragile state.
Additionally, the government blocked major social media platforms, including Twitter and Facebook, while YouTube services were slower to control the spread of disinformation.
