Tag: Pakistan

  • Donald Lu expresses concerns over Feb 8 election irregularities

    Donald Lu expresses concerns over Feb 8 election irregularities

    Assistant Secretary of State Donald Lu has pointed out irregularities in the Feb 8 polls and said that the United States (US) is committed to making Pakistani democratic institutions stronger, Geo reported on Wednesday.

    Lu will attend a Congressional panel hearing about Pakistan today.

    The hearing titled ‘Pakistan after the Elections: Examining the Future of Democracy in Pakistan and the US-Pakistan Relationship,’ has been announced by the House Foreign Affairs Subcommittee, where the assistant secretary will be a key witness.

    Donald Lu submitted his testimony on Tuesday to the Subcommittee, in which he pointed out a number of issues between the two countries and how US policy will look in Pakistan in the future.

    He mentioned that the State Department had issued a clear statement the day after the general elections in Pakistan last month, noting undue restrictions on the freedoms of expression, association, and peaceful assembly.

    He also said that the State Department issued a statement on the next day of polls last month, and it was clearly mentioned in the statement that there were restrictions on freedom of expression, association, and peaceful assembly.

  • Another earthquake jolts Balochistan

    Another earthquake jolts Balochistan

    Earthquake tremors once again jolted different regions in Balochistan, including Quetta, early this morning.

    The earthquake was also detected at the Pak-Iran border areas including Chaman, Qila Abdullah, Nushki, Pashin and Dalbandin.

    According to the Seismological Center, the magnitude of the earthquake was recorded at 5.6, and the epicentre was 166 kilometres southwest of Quetta.

    The depth of the earthquake was recorded at 30 kilometres.

    No loss of life or property was reported.

  • Final hurdle cleared: Pakistan on verge of securing IMF tranche

    Final hurdle cleared: Pakistan on verge of securing IMF tranche

    Pakistan is on track to receive the final installment of the $3 billion standby arrangement following the country’s officials meeting the economic performance criteria outlined by the International Monetary Fund (IMF), as per reports.

    Reports indicate that the IMF mission in Pakistan has concluded its review and is preparing to announce an agreement with the government for the disbursement of the last installment, totaling $1.1 billion.

    If successful, the agreement will be presented to the IMF executive board in April for their ultimate approval.

    This development follows recent discussions suggesting that negotiations with the global lending institution may be prolonged due to the parties failing to reach a consensus.

    It’s noted that the IMF has urged the government to regulate and tax cryptocurrency and other online trading platforms.

    Additionally, discussions between Pakistan and the IMF have included talks on privatising financially struggling state-owned enterprises, with Pakistan International Airlines being a priority for privatisation.

    Earlier, the government declined the IMF’s proposal to revisit the National Finance Commission (NFC) Award, citing constitutional concerns.

    The IMF had suggested reviewing the NFC Award during the second round of talks, citing a shortage of federal funds.

    Government sources said that any recommendation on the NFC Award that contradicts the constitution will not be endorsed.

    Pakistan managed to avoid a potential sovereign default after the previous coalition government, led by Pakistan Muslim League-Nawaz (PML-N), reached a staff-level agreement with the IMF on a $3 billion SBA.

    Finance Minister Muhammad Aurangzeb expressed Pakistan’s intention to secure a larger and more enduring program with the IMF, aiming to align with the country’s quota. He made these remarks while speaking to reporters in Islamabad on March 13.

  • Pakistan’s currency in circulation surges by Rs252.98 billion

    Pakistan’s currency in circulation surges by Rs252.98 billion

    The State Bank of Pakistan (SBP) has released provisional figures on Monetary Aggregates, revealing notable shifts in the country’s monetary landscape.

    As of March 8, 2024, the currency in circulation has seen a significant weekly increase, climbing by Rs252.98 billion to reach Rs8.66 trillion. This marks a substantial change within a short span.

    In contrast, the overall trend for the current fiscal year indicates a decrease in currency circulation, with a drop of Rs485.71 billion compared to the figure recorded at the end of June 2023, which stood at Rs9.15 trillion.

    Turning to broad money (M2), a key indicator of money supply in Pakistan, there has been a noteworthy decline of Rs206.59 billion week-on-week, bringing the total to Rs32.48 trillion by March 8, 2024.

    However, when juxtaposed with June 2023, M2 has experienced a significant increase, rising by Rs957.18 billion from the previous fiscal year’s end balance of Rs31.52 trillion.

    The ratio of currency in circulation to M2, a crucial metric for understanding liquidity dynamics, stood at 26.67%, indicating a slight uptick compared to the previous week’s 25.73% and a decrease from the June 2023 figure of 29.02%.

    Meanwhile, total deposits held with banks have shown mixed trends. The latest data reveals a weekly decrease of Rs468.69 billion, amounting to Rs23.69 trillion.

    However, on a fiscal year-to-date basis, there has been an overall increase of Rs1.43 trillion.

    It’s important to note that these deposit figures exclude certain categories such as inter-bank deposits, government deposits, and those from foreign entities.

    Currency in circulation encompasses the total value of banknotes and coins held by both the general public and financial institutions.

    In Pakistan, M2 serves as the primary measure of broad money, encompassing various forms of currency and deposits.

    From a liability perspective, M2 comprises currency in circulation, total non-government sector deposits (including resident foreign currency deposits), and other deposits held with the SBP.

    On the asset side, M2 includes the net domestic assets and net foreign assets of the banking system, incorporating both the SBP and scheduled banks.

  • 24-karat gold price increases to Rs227,300 per tola

    24-karat gold price increases to Rs227,300 per tola

    In Tuesday’s trading session, the local bullion market witnessed a modest recovery, as the price of 24-karat gold rose by Rs400 to reach Rs227,300 per tola.

    The Karachi Sarafa Association disclosed that the price of 24-karat gold for 10 grammes climbed to Rs194,873, marking a Rs343 increase.

    Similarly, the price of 22-karat gold saw an uptick, reaching Rs178,634 per 10 grammes.

    Contrarily, silver prices remained stable, with 24-karat silver maintaining its rate at Rs2,580 per tola and Rs2,211.93 per 10 grammes.

    Last week, 24-karat gold concluded its two-week ascent with a setback of Rs2,700 per tola.

    On the global scale, international spot gold hovered around $2,155 per ounce, experiencing a marginal decline of 0.25 per cent compared to the preceding session.

    This dip in the global market is attributed to dampened expectations of a US interest rate reduction following lackluster price data from the previous week.

    Notably, US consumer prices surpassed projections in February, while producer prices hinted at inflationary pressures.

  • Do you know what were the top three most polluted countries in 2023?

    Do you know what were the top three most polluted countries in 2023?

    IQAir, a Swiss air monitoring organisation, published its World Air Quality Report on Tuesday revealing troubling details of the world’s most polluted countries, territories, and regions in 2023.

    “IQAir’s annual report illustrates the international nature and inequitable consequences of the enduring air pollution crisis. Local, national, and international effort is urgently needed to monitor air quality in under-resourced places, manage the causes of transboundary haze, and cut our reliance on combustion as an energy source,” states Aidan Farrow, Sr. Air Quality Scientist, Greenpeace International.

    “In 2023, air pollution remained a global health catastrophe. IQAir’s global data set provides an important reminder of the resulting injustices and the need to implement the many solutions that exist to this problem.”

    The report revealed that Pakistan, alongside Bangladesh and India, remained among the top three countries with the highest levels of air pollution, particularly concerning particulate matter, in 2023.

    The concentrations of PM2.5, harmful airborne particles detrimental to respiratory health, surpassed recommended levels by a staggering margin, as indicated by the World Health Organization (WHO).

    In Bangladesh, the average concentration of PM2.5 reached 79.9 micrograms per cubic meter, while in Pakistan, it stood at 73.7 micrograms per cubic meter. These figures starkly contrast with the WHO’s guideline of no more than 5 micrograms per cubic meter.

    “Because of the climate conditions and the geography (in South Asia), you get this streak of PM2.5 concentrations that just skyrocket because the pollution has nowhere to go,” said Christi Chester Schroeder, air quality science manager at IQAir.

    “On top of that are factors such as agricultural practices, industry and population density,” she added. “Unfortunately, it really does look like it will get worse before it gets better.”

    In 2022, Bangladesh was ranked fifth for its air quality, with India in the eighth position. Approximately 20% of premature deaths in Bangladesh are attributed to air pollution, with related healthcare costs accounting for a substantial portion of the country’s GDP, according to Md Firoz Khan, an air pollution expert at Dhaka’s North South University.

    India also witnessed an escalation in pollution levels in 2023, with PM2.5 levels exceeding the WHO standard by about 11 times. Notably, New Delhi emerged as the worst-performing capital city, recording a PM2.5 level of 92.7 micrograms.

    China experienced a 6.3% increase in PM2.5 levels in 2023, marking a departure from five consecutive years of decline. Conversely, only a handful of countries, including Australia, Estonia, Finland, Grenada, Iceland, Mauritius, and New Zealand, met the WHO standards for air quality.

    The IQAir report, based on data from over 30,000 monitoring stations across 134 countries and regions, highlighted significant gaps in air quality monitoring, particularly in countries where the health impacts of pollution are most severe.

    Christa Hasenkopf, director of the Air Quality Life Index at the University of Chicago’s Energy Policy Institute, said 39pc of countries have no public air quality monitoring.

    “Considering the large potential benefits and relatively low cost, it’s stunning that we don’t have an organised global effort to deploy resources to close these data gaps, especially in places where the health burden of air pollution has been largest,” she said.

  • Faysal Quraishi’s near death experience is terrifying

    Faysal Quraishi’s near death experience is terrifying

    Faysal Quraishi has been in the entertainment industry for a long time. Currently, he’s getting a lot of praise for his role as Chanar Khan in a drama called Khaie.

    Quraishi was a guest on a show where he shared the near-death experiences he has had.

    He revealed, “I got into a severe car accident that resulted in a cervical injury. I even recited Kalimah as I knew I would not survive it but Allah SWT helped me and I came out of it.”

    While talking about another incident he said, “I had to punch a glass during a shoot and as soon as I punched it, my arm got through the glass, and my blood vessels were cut. There was a lot of blood loss but the director and crew all came forward to help with the blood loss and Allah saved my life once again.”

    Watch the video:

  • Asfandyar Wali wins defamation case against PTI leader

    Asfandyar Wali wins defamation case against PTI leader

    In a significant legal victory, Awami National Party (ANP) chief Asfandyar Wali Khan has emerged triumphant in a defamation lawsuit against Pakistan Tehreek-i-Insaf (PTI) leader and former provincial minister Shaukat Ali Yousafzai, resulting in a Rs150 million judgment in his favor.

    Additional district and session judge Ejazur Rehman Qazi announced an ex parte verdict in the case as Yousafzai didn’t attend court proceedings.

    Asfandyar had sued the PTI leader through his counselsc Tariq Afghan and Sajeed Afridi, for alleging in a presser on July 25, 2019, that the ANP chief had “sold Pashtuns for $25 million.”

    Yousafzai was the spokesman for the then-PTI government in Khyber Pakhtunkhwa.

    The counsel for Asfandyar told the court that their client was the son of Pakhtun leader Khan Abdul Wali Khan and the grandson of Pakhtun leader Bacha Khan, both prominent leaders of international repute in the Independence Movement.

    They emphasized Asfandyar Wali Khan’s extensive political experience, having served multiple terms in the National Assembly, as well as in the Senate and the Khyber Pakhtunkhwa Assembly.

    The court noted that while the plaintiff presented six witnesses and substantial evidence, the defendant failed to attend court proceedings and produced only one witness. Consequently, the court proceeded ex parte against Yousafzai.

    In its detailed judgment, the court emphasized that the burden of proof lay with the defendant, who failed to provide any evidence to substantiate his allegations. The court determined that the derogatory remarks made by Yousafzai during the press conference were defamatory and lacked any justification or explanation.

    Based on the evidence presented, the court ruled in favor of Asfandyar, awarding him Rs100 million in damages and an additional Rs50 million in aggravated damages. The judgment underscored that the plaintiff had successfully established his case and was entitled to the decree sought.

  • Parvez Elahi suffers bone injury after slipping in Adiala washroom

    Parvez Elahi suffers bone injury after slipping in Adiala washroom

    The former chief minister of Punjab and president of Pakistan Tehreek-e-Insaf (PTI), Chaudhry Pervez Elahi, suffered a bone injury after falling in the Adiala jail washroom on Monday.

    The deputy superintendent of Adiala Jail brought forward a medical report to an anti-corruption court during a hearing about illegal recruitments in the Punjab Assembly.

    The deputy superintendent informed the judge that the former chief minister fell in the washroom yesterday (March 17), resulting in a fracture.

    The court has postponed the hearing of the indictment against Elahi and others until April 4 due to his absence in court.

    Parvez Elahi has been detained in multiple cases for several months.

  • Is Junaid Khan working in a Bollywood movie? Actor clarifies rumors

    Is Junaid Khan working in a Bollywood movie? Actor clarifies rumors

    Junaid Khan, former Call frontman and an actor clarified on his Instagram Stories regarding him working in an upcoming Bollywood movie.

    Lately, there’s been talk about Khushi Kapoor, daughter of late Bollywood star Sridevi and producer Boney Kapoor, getting ready to act with Ibrahim Ali Khan, son of Saif Ali Khan, and Junaid Khan, son of Aamir Khan. But recently, Pakistani actor Junaid Khan added a funny twist to the story.

    Junaid went on his Instagram Stories and shared a news piece that wrongly used his picture instead of Aamir’s son.

    The former Call frontman talked about the rumors, saying that while he likes the idea of working across borders, the reports connecting him to films with Khushi Kapoor are wrong.

    Junaid explained that his name might have been mixed up with the Indian superstar’s son, but he hopes for open borders to make such collaborations possible.

    “For all those asking if this is true! They must have confused me with Aamir Khan’s son! But I really truly wish that our borders were open for cross collaborations like it once was!” Junaid said on his IG Stories.

    However, Khushi’s growing career is still getting a lot of attention. According to Zee News, she has two exciting movies coming up.

    First, she’ll be in a romantic comedy called Naadaniyaan, made by Dharma Productions, where she’ll act alongside Ibrahim Ali Khan.
    While fans are excited for these movies, Pakistanis can relax now that Junaid has cleared up all the false news.