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  • Eid-ul-Fitr 2022: Here’s why Pakistan is paying a lot more than last year for clothes, food

    Eid-ul-Fitr 2022: Here’s why Pakistan is paying a lot more than last year for clothes, food

    Cities are decked with spectacular illumination around shopping malls, major streets, and side lanes as Eid shopping begins. Despite growing inflation, there is a lot of hustle in commercial areas.

    But do you know how much higher we are paying for everything this year, from food to clothing, than we did last year?

    Undoubtedly, the PTI-led government struggled to contain inflation, which experts said, was the outcome of record-high global commodity prices and 51 per cent devaluation of the Pakistani rupee (PKR).

    In January 2022, inflation climbed by 13 per cent year on year basis compared to 12.3 per cent in the previous month and 5.7 per cent in January 2021. It is pertinent to mention that inflation reached an all-time high of 14.6 per cent in January 2020.

    The Consumer Price Index (CPI) accelerated in March 2022 over the same month a year ago, according to the inflation bulletin released by the Pakistan Bureau of Statistics (PBS). The index remained higher compared to the preceding month during five out of the past six months.

    Inflation Comparison – January 2022

    General CPI inflation, increased by 13.0 per cent on a year-on-year basis in January 2022 as compared to an increase of 12.3 per cent in the previous month and 5.7 per cent in January 2021. On a month-on-month basis, it increased by 0.4 per cent in January 2022 as compared to decrease of -0.02 per cent in the previous month and a decrease of -0.2 per cent in January 2021.

    Urban CPI inflation, increased by 13.0 per cent on a year-on-year basis in January 2022 as compared to an increase of 12.7 per cent in the previous month and 5.0 per cent in January 2021. On a month-on-month basis, it increased by 0.1 per cent in January 2022 as compared to an increase of 0.3 per cent in the previous month and a decrease of -0.2 per cent in January 2021.

    Rural CPI inflation, increased by 12.9 per cent on a year-on-year basis in January 2022 as compared to an increase of 11.6 per cent in the previous month and 6.6 per cent in January 2021. On a month-on-month basis, it increased by 0.9 per cent in January 2022 as compared to a decrease of -0.5 per cent in the previous month and a decrease of -0.3 per cent in January 2021.

    Wholesale Price Index (WPI) inflation on a year-on-year basis increased by 24.0 per cent in January 2022 as compared to an increase of 26.2 per cent a month earlier and an increase of 6.4 per cent in January 2021. WPI inflation on a Month-on-month basis increased by 0.6 per cent in January 2022 as compared to a decrease of -0.2 per cent a month earlier and an increase of 2.5 per cent in a corresponding month i.e. January 2021.

    Urban Consumer Price Index (UCPI)

    The Urban Consumer Price Index of January 2022 increased by 0.06 per cent over December 2021 and increased by 12.99 per cent over the same month of the last year (January 2021).

    Month-on-Month Inflation

    Main contributors to month-on-month and year-on-year percentage changes are mentioned below:

    Increase in prices of food items: Pulse Masoor (6.13 per cent), Gram whole (4.79 per cent), Fruits (4.11 per cent), Besan (3.82 per cent), Pulse Gram (3.44 per cent), Pulse Mash (3.37 per cent), Wheat (2.68 per cent), Pulse Moong (1.88 per cent), Meat (1.78 per cent) and Rice (1.28 per cent).

    Increase in prices of garments and other items: Woolen Readymade Garments (6.67 per cent), Solid Fuel (5.16 per cent), Hosiery (1.93 per cent), Motor Fuel (1.75 per cent), Cleaning & Laundering (1.59 per cent), Washing soap/Detergents/Match Box (1.46 per cent) and Liquefied Hydrocarbons (1.29 per cent).

    Year-on-Year Inflation – January 2021

    Edible items

    Increased: Cooking Oil (54.33 per cent), Vegetable Ghee (47.4 per cent), Mustard Oil (46.68 per cent), Pulse Masoor (41.3 per cent), Fruits (28.35 per cent), Gram Whole (24.7 per cent), Meat (22.38 per cent), Chicken (17.08 per cent), Pulse Gram (15.67 per cent), Beans (15.37 per cent), Pulse Mash (12.46 per cent) and Vegetables (11.58 per cent).

    Garments and others

    Increased: Electricity Charges (56.20 per cent), Liquefied Hydrocarbons (53.35 per cent), Motor Fuel (36.22 per cent), Footwear (25.47 per cent), Cleaning & Laundering (22.03 per cent), Washing soap/Detergents/Match Box (17.95 per cent), Motor Vehicle Accessories (14.04 per cent), Woolen Readymade Garments (13.03 per cent) and Plastic Products (11.72 per cent).

    Year-on-Year Inflation – March 2022

    CPI National for the month of March, 2022 increased by 12.72 per cent over March, 2021. The Urban CPI recorded an increase of 11.94 per cent while Rural CPI recorded an increase of 13.88 per cent.

    Edible items in urban areas

    Increased: Tomatoes (148.65 per cent), Mustard Oil (59.91 per cent), Vegetable Ghee (49.56 per cent), Cooking Oil (48.05 per cent), Pulse Masoor (38.32 per cent), Vegetables (34.92 per cent), Fruits (32.00 per cent), Gram whole (25.37 per cent), Meat (23.68 per cent), Chicken (19.59 per cent) and Beans (13.62 per cent).

    Edible items in rural areas

    Increased: Tomatoes (158.82 per cent), Cooking Oil (63.47 per cent), Mustard Oil (57.2 per cent), Vegetable Ghee (56.43 per cent), Vegetables (45.62 per cent), Fruits (37.80 per cent), Pulse Masoor (37.46 per cent), Meat (25.19 per cent), Beans (17.38 per cent), Wheat Flour (16.22 per cent), Chicken (15.09 per cent) and Tea (11.74 per cent).

  • Severe heatwave hits Pakistan

    Severe heatwave hits Pakistan

    The extreme temperature has been recorded in the month of April in Pakistan and India while the temperature of Lahore exceeded over 40 degrees Celsius on Thursday.

    The severe heatwave has threatened and puts lives of millions of people at risk. In view the imminent temperature, the Pakistani Government has issued a health advisory, asking people to strictly follow precautionary measures to deal with the situation.

    Federal Minister for Climate Change Sherry Rehman said, “A heatwave has hit South Asia with the temperature predicted to soar up to 49-50 degrees C. Precautionary measures must immediately be taken to prevent casualties and injuries from heat.”

    According to the Ministry of Climate Change, this year’s March was the hottest month since 1961.

  • Assets beyond known sources of income: NAB begins probe against Farah Khan

    Assets beyond known sources of income: NAB begins probe against Farah Khan

    The National Accountability Bureau (NAB) on Thursday ordered an inquiry against Farhat Shahzadi alias Farah Khan following allegations of accumulation of illegal assets beyond known sources of income, ARY News reported.

    In a press statement, the anti-graft watchdog has directed the DG NAB Lahore to conduct an inquiry against Farhat Shahzadi alias Farah Khan, a close friend of former prime minister’s wife Bushra Bibi, over allegations of illegal assets beyond known sources of income, money laundering and maintaining various accounts in the name of different businesses.

    “Huge turnover amounting to Rs847 million has been found in Farah’s account during last three years, which does not commensurate with her stated account profile,” the anti-corruption body said in a press release and added that these credits were received in Farah Khan’s personal account and withdrawn immediately within a short time period.

    The NAB further said: “While reviewing the income tax returns of Farhat Shahzadi, it was allegedly observed that her assets have significantly increased form the year 2018 onwards for unknown reasons.”

    Moreover, Farhat Shahzadi also found travelling to foreign jurisdictions; 9 times to the USA and six times to UAE, it added.

    FARAH KHAN DENIES ALLEGATIONS

    Earlier, Farah Khan has denied allegations against her, saying she never interfered in the governmental affairs, days after the opposition blamed her for having a role in transfer and postings in the Punjab province.

    The clarification from Farah Khan, who is considered close to former first lady Bushra Bibi, came after members from opposition parties and estranged PTI leader Aleem Khan blamed that she used to play her role in transfer of officials in the Punjab province.

  • Imran Khan lands in trouble for calling Chief Election Commissioner ‘planted agent’

    Imran Khan lands in trouble for calling Chief Election Commissioner ‘planted agent’

    PTI Chairman Imran Khan’s remarks against Chief Election Commissioner (CEC) Sikandar Sultan Raja and the Election Commission of Pakistan (ECP) have landed him in trouble as the ECP took notice of the remarks on Thursday.

    The ECP has sought from the Pakistan Electronic Media Regulatory Authority (PEMRA) a copy of his speech made at the workers’ convention in Peshawar on April 26.

    In his address to the convention, the PTI chairman called Cheif Election Commissioner as “planted agent” of the PML-N. “Raja has lost all his credibility and he should immediately resign,” the IK had demanded.

    He also asked his supporters to start a signature petition drive against the chief election commissioner on the internet.

    The electoral body has also sought a record of statements made by PTI lawmakers – Haleem Adil Sheikh, Khurram Sher Zaman and Ejaz Chaudhry during the past few days.

  • All banks to remain open this Saturday

    All banks to remain open this Saturday

    State Bank of Pakistan has recently announced that all banks and their branches would be open on Saturday, April 30, 2022.

    In accordance with SBP’s orders incorporated in Banking Policy and Regulations Department (BPRD) Circular Letter No. 11 of 13 April 2022, all banks and their branches will remain open on Saturday, April 30, 2022.

    Following the announcement by the Pakistani government of public holidays on the occasion of Eid-ul-Fitr from May 2 to May 5, the general public is encouraged to conduct their banking transactions on Saturday, April 30, 2022.

    Read more: Pakistan’s forex reserves inch up to $17.05 billion

    Moreover, banks have been advised to make Alternate Delivery Channels (ADCs) such as ATMs, Mobile Banking, and Internet Banking available 24 hours a day, seven days a week during the Eid holidays.

  • Riba against Shariah: FSC orders govt to replace interest-based financial system

    Riba against Shariah: FSC orders govt to replace interest-based financial system

    The Federal Shariat Court (FSC) on Thursday declared interest-based financial system in the country against sharia after it announced its verdict in Riba case, reports ARY News.

    The three-member bench of the Federal Shariat Court in its verdict said that the existing laws related to Riba and interest are against Shariah. The FSC ruled that it is the responsibility of the government to replace the existing system and bring laws in accordance with Quran and Sunnah.

    The court declared that banks and other financial institutions receiving interest is against the Shariah. “Receiving additional amount on loans and change in agreement also comes under riba,” it ruled and directed the government to following Shariah laws while finalizing agreements with Chinese government for CPEC projects.

    The court further set a deadline of 31 December 2027 to fully implement court’s order on elimination of interest from the country and said that the government could also implement the decision prior to the deadline.

    Previously, the Full Bench of the Federal Shariat Court comprising of Justice Muhammad Noor Meskanzai Chief Justice, Justice Dr. Syed Muhammad Anwar and Mr. Justice Khadim Hussain M. Shaikh reserved the judgment against Riba case on April 12.

    The existing bench of the Federal Shariat Court headed by Chief Justice Muhammad Noor Meskanzai took keen and unprecedented interest in this matter.

    Jamaat-i-Islami chief Sirajul Haq termed it a historic moment of the country and lauded the three-member bench that announced the verdict.

    During the Chairmanship of his lordship of the bench 34 hearings are conducted.

    Petitioners, their Counsels, Jurisconsults, Amicus Curiae, Economists, Experts, Scholars, Chartered Accountants, Attorney General, and Advocate Generals advanced their arguments and the Court heard them with patience.

    They also gave suggestions for the conversion of the existing banking system into Riba free Islamic Banking system.

  • Confusion over CM Punjab oath-taking today, Speaker says Buzdar is still CM

    The Punjab Assembly (PA) session, with a no-confidence motion against Deputy Speaker Dost Muhammad Mazari on agenda, was adjourned by Speaker Chaudhry Pervaiz Elahi till 11:30am on May 16.

    Later talking to the media, Ch Pervaiz Elahi blamed harassment of the assembly’s officials by police officers as the reason for postponing the session. “The assembly officials are being harassed and intimated by police officers. Some of them have been arrested while the police have been carrying out raiding on the houses of other staffers,” he added.

    Regarding the confusion over the oath-taking ceremony of Chief Minister (CM) Punjab, Elahi said that Buzdar is still the CM.

    However, in the light of the Lahore High Court (LHC) orders to Punjab Governor Omer Sarfraz Cheema regarding oath-taking from CM-elect Hamza Shehbaz, there is some probability that Hamza may take oath today (Thursday).

    Voting on the no-confidence motion was scheduled for Thursday and it was supposed to be held through a secret ballot. No Member of the Punjab Assembly (MPA) was allowed to bring their cellphone to the House. Women lawmakers were also barred from carrying their handbags.

    Security around the House was quite strict after the PA session on April 16 witnessed unprecedented violence which left many lawmakers injured.

    According to Dawn, a PML-N MPA told the news outlet that PML-N, Pakistan People’s Party (PPP) and Pakistan Tehreek-e-Insaf  (PTI)’s dissident lawmakers agreed to support Deputy Speaker Mazari in the no-confidence motion.

    The no-confidence against the deputy speaker was submitted on April 7 when he summoned the assembly session early on April 6 instead of April 16— a development that was opposed by PML-Q and PTI.

    Mazari’s sudden change of heart to hold the session earlier was termed the ‘handiwork’ of the PML-N leadership that allegedly wooed him through a ‘good offer’.

  • Instagram is testing ‘pin’ feature for posts

    Instagram is testing ‘pin’ feature for posts

    Instagram is currently testing a new feature that allows users to pin photos to the top of their photo grid. According to tipsters, developers and insiders with access to the feature can already pin posts from the side menu.

    Instagram appears to have been working on the pin option for at least a few months. The upcoming feature will be a welcome addition to the Meta-owned platform, especially for those who want to highlight a photo or video they fancy, which may be buried way down in the grid.

    Instagram users currently have the option to pin stories to their accounts, but the addition of a pin feature would further enhance the user experience.

    The pinned posts test comes around a week after Instagram said that, as part of a modest test, it would remove the ‘Recent’ button from hashtag pages for some users. When you click on a hashtag, you’ll be led to a page where you can sort through the content that’s been shared with that hashtag into three categories: top, recent, and reels.

    Read more: Twitter officially declares adding an edit button

    Some users will only see the ‘Top’ and ‘Reels’ tabs on hashtag pages as a result of this change. The adjustment might be viewed as a method for Instagram to promote Reels, its TikTok competitor, while simultaneously focusing on uncovering the most popular postings on the platform.

  • Suicide bomber Shari Baloch’s Twitter run from abroad; husband held

    Suicide bomber Shari Baloch’s Twitter run from abroad; husband held

    Habitan Bashir Baloch, husband of the female suicide bomber, Shari Baloch has been arrested by security officials, a day after scope of the investigation into the Karachi University (KU) blast was expanded, reports ARY News on Wednesday.

    According to the TV report, Habitan Bashir Baloch was arrested by the security personnel.

    The TV channel, quoting sources, claimed that the Chinese ambassador in Pakistan was informed regarding arrest of the suicide bomber’s husband, Habitan Bashir Baloch.

    The Chinese envoy was briefed on the latest developments in a session chaired by Interior Minister Rana Sanaullah at Chief Minister’s House in Karachi.

    The participants of the session were apprised that it is the first arrest after the KU blast.

    Meanwhile, the report claimed that investigation agencies have unearthed more details about the woman suicide bomber Shari Baloch who attacked Chinese citizens at KU on April 26.

    The report, quoting investigators, revealed that the last tweet from Shari Baloch’s Twitter account was made from a foreign country.

    “The IP and MAC address recovered from her last tweet have disclosed that her account was being operated from a western country. The handlers also tried to camouflage the location by using a VPN,” the TV channel informed.

    Authorities have also found details about Shari’s meetings prior to the blast at KU. Shari used to meet regularly with her husband at his brother’s house. Dr Haibtan Baloch was staying in a private hotel in Karachi. Authorities have doubts that Haibtan was among the masterminds of the attack.

    The police raided a house in Gulistan-e-Johar Karachi where they found Shari’s two kids.

    Some locals also assisted in carrying out the attack, the investigators claim.

    On the other hand, the investigators have found the association of some relatives of the Karachi University’s (KU) female suicide bomber Shari Baloch with the banned Baloch Students Organization (BSO).

    The ARY News claimed that investigators believed that Shari Baloch joined the banned BSO through her relatives.

  • Pakistan to host Cricket World Cup for veteran players in 2023

    Pakistan will host Cricket World Cup for veteran players in the next year 2023. The age limit for players to play in the tournament would be 40 and above.

    According to Pakistan Veterans Cricket Association (PVCA), 12 teams will play in the tournament which will commence on September 23, 2023, at six venues in Karachi while the final match will be played on October 8.

    Fawad Ijaz Khan, Chairman PVCA told the media: “Pakistan will be joined in the World Cup by old rivals – India, Australia, England, New Zealand, West Indies, South Africa, Sri Lanka, Canada, USA, Zimbabwe, Wales, UAE, and Namibia.”

    He added, “It is going to be a major event and we will take all steps to make sure that we host it successfully.”

    “We have a number of leading cricketers who would be eligible to compete in the World Cup. We are hoping that top players like Shahid Afridi, Shoaib Akhtar, Younis Khan, Shoaib Malik, and Mohammad Hafeez will play for Pakistan. We are going to field a very strong team and will be the favorites to win the World Cup,” he further said.

    There is a new concept that will give an opportunity to former cricketers to play on the fields again while young audiences and players will also get another chance to see their seniors playing on the grounds.

    Every match will be of 45 overs and local TV channels will broadcast the matches of Pakistan including the semi-finals and finals live.

    The Veterans World Cup, aged above 50, was first launched in Australia in 2018. However, its second edition was canceled due to a covid pandemic.