Tag: Pakistan

  • Bank deposits in Pakistan hit all-time high, showing 17.80% increase in a day 

    Bank deposits in Pakistan hit all-time high, showing 17.80% increase in a day 

    In a statement released on Friday, the State Bank of Pakistan (SBP) announced that the country’s bank deposits had reached an all-time high.  

    On October 23, there was a notable increase of 17.80 per cent, amounting to Rs3,986 billion, compared to the figures on October 22. 

    According to the central bank, the total banking deposits for October 2023 reached a historic level of Rs26,000.398 billion. 

    Rupee expected to fall further 

    In other news, a Tresmark report suggests that the Pakistani rupee is anticipated to face pressure against the US dollar in the ongoing week until the completion of the International Monetary Fund’s (IMF) initial review of the country’s $3 billion loan programme.  

    The local currency experienced a depreciation of Rs2 or 0.60 per cent against the US dollar during the week, concluding at Rs287.03 on Friday.  

    It’s worth noting that the foreign exchange market was closed on Thursday due to a public holiday. 

    The IMF’s evaluation of Pakistan’s bailout package began on November 2, with expectations for the review to conclude by December 15. 

  • Agricultural boom: Pakistan’s farm exports surge by more than 70%

    Agricultural boom: Pakistan’s farm exports surge by more than 70%

    In October 2023, Pakistan experienced a notable surge in exports, marking a 13.5 per cent increase to reach $2.7 billion, as reported by the Pakistan Business Forum (PBF).  

    Simultaneously, the trade deficit saw a 4.5 per cent reduction during the same period, indicating positive economic developments. 

    Chaudhry Ahmad Jawad, the Vice President of PBF, highlighted the remarkable 73 per cent growth in the agriculture sector for October.  

    Notably, exports of rice and sesame seeds played a pivotal role in this expansion, showcasing a diversification of the country’s export portfolio and underscoring the robustness of the agricultural industry. 

    Jawad emphasised the imperative for Pakistan to boost its service exports, particularly in information and communication technology (ICT), to address the balance of payment deficit.  

    Drawing a comparison with India, he noted India’s remarkable achievement in ICT exports surpassing $140 billion in fiscal year 2022–23, contrasting with Pakistan’s stagnant growth at $2.6 billion in fiscal year 2021–22.  

    The key differentiator, as Jawad pointed out, is the focus on technology and engineering in India over the years, leading to a skilled labour pool. 

    While acknowledging the challenges in the short to medium term, Jawad expressed optimism about Pakistan’s potential for growth in the ICT sector. He suggested addressing the skills gap by offering crash courses to enhance the capabilities of IT graduates. 

    Jawad further underscored concerns raised by IT companies in Pakistan, stating that despite an abundance of talent, the technology sector faces difficulties due to a lack of demand and challenges in remitting money outside Pakistan.  

    He called for government intervention to tackle these issues, pointing to the State Bank of Pakistan’s efforts in 2020 and emphasising the need for ongoing attention to restore confidence. 

    Finally, a PBF official commended the caretaker IT minister’s goal of increasing ICT exports to $10 billion and bringing renowned payment gateways like PayPal and Stripe to Pakistan.  

    However, he raised concerns about existing limitations on exporters’ remittances, urging the finance division to address this critical issue. 

  • Ayeza Khan apologises for her previous post on the Palestine genocide

    Ayeza Khan apologises for her previous post on the Palestine genocide

    Actress Ayeza Khan was caught in a controversy over a social media post addressing her silence on the war on Palestine. Several users criticised the actress for writing that praying daily is better than pointing fingers and blaming others.

    “Because I know that praying daily is more powerful than posting daily, please pray for the world as much as you can and avoid pointing fingers and blaming each other on this platform. We all have children and loved ones, and we can all feel the pain. We cannot imagine how painful it is for them, but I’m keeping my faith in Allah, and very soon, Allah will bring justice, Ameen.”

    After severe backlash, Khan deleted the statement and apologised by clarifying her support for Palestine:

    “I would like to take a moment to address an issue that has been misinterpreted and circulated. I won’t attempt to justify or explain because God knows that my intentions were not malicious, but I may have failed to articulate it well. I take full responsibility for this, both personally and on behalf of my team. I sincerely apologize to those who were hurt by my statement. I appreciate you all for bringing this matter to my attention, as I, too, am only human. I take full responsibility and assure you nothing of such sort shall ever happen again.”

    “While my awareness may not bring on immediate resolution,” the Chupke Chupke actress further penned, “I maintain faith in Allah in the possibility of change through prayer. Therefore, alongside our continuous awareness efforts, let us unite in prayer to end this cruelty. For indeed, we need Him and His divine help. My prayers are with the Palestinians.”

  • Racist Pakistan, now an apparent reality

    Afghan deportation under the Illegal Foreigners Repatriation Plan launched by the caretaker setup has instigated a huge humanitarian crisis in the country. As people who have called Pakistan home for decades leave unwillingly, their children strapped to their pitiful belongings in small trucks, three sets of views have become prevalent in the country.

    The first is propounded by the government: the situation of unrest and civil war has quelled in Afghanistan so it’s time for these refugees to go back. Because the land they come from is contributing to rising terrorism in Pakistan, their exit is inevitable. This narrative is deeply rooted in a superiority complex coming from hosting Afghans for decades, as is evident by the affirmative statements said as a foreword to every such explanation.

    The second is the humanitarian stance where it is claimed that people who have lived here for years are not alien anymore, giving them refuge has brought aid of millions of dollars to Pakistan, and that this forceful expulsion is against the rights of refugees.

    The third point of view stems from the ground realities. It is about the reality and not the narrative. This view is not just looking at the expulsion of Afghans, it is also seeing latent racism, poor execution of the plan, the rush in which it has been carried out, and the fatal flaws it carries. This view sees that the deportation is being carried out by an unelected government, blind raids are being conducted where people with legal documents are getting arrested, contrary to the claims of the government that only illegal foreigners will be arrested. It also shows video documents of the Pashtun community being targeted, even if they are Pakistani – picked up by the police and deported to foreign lands only because they look like, or talk like, them. It sees families getting harassed, and children being separated from parents even though these guardians are desperately proving their Pakistaniat. It displays the human tragedy that is unfolding before our eyes without any media coverage.

    Some experts believe that the policy is part of a broader retaliation for the Afghan Taliban’s failure to rein in the Tehreek-i-Taliban Pakistan (TTP), even as the militant group orchestrates attack upon attack on Pakistani soil.

    Videos have emerged where parents are showing the birth certificates of children who do not hold a CNIC yet are sent to the Chaman border for the journey to Afghanistan. Anas, a 16-year-old boy, managed to call his father, pleading with him to save him from being deported while the SHO in front of the holding centre nonchalantly said that people sent by mistake are not going to be reproduced by the authorities. Media presence is already banned in the holding centres and there is no way to question this. The mainstream media is also not giving the matter due attention.

    The government is turning a blind eye to the suffering of four million Afghan refugees forced to leave on the brink of a hard winter to a land foreign to them since they were born here.

    The government does not need to emulate any country when it is itself setting an unprecedented level of cruelty.

    Siding with xenophobia is a xenophobic act in itself.

  • Have a SIM and don’t use it? PTA will charge Rs. 200 on disowned sims

    Have a SIM and don’t use it? PTA will charge Rs. 200 on disowned sims

    In an effort to ensure the responsible usage of mobile SIMs, the Pakistan Telecommunication Authority (PTA) has announced that citizens looking to disown their SIM cards will be charged Rs. 200 apiece from next year.

    The new charge will be applicable from January 1 across the country, including Azad Jammu and Kashmir and Gilgit Baltistan. It will be levied on all SIM cards under a customer’s use for less than six months. The service to return or disown the unused SIM cards is available till December 31.

    In a statement, PTA said, “With this decision, the PTA stays committed to national safety and security while ensuring uninterrupted quality services to all telecom consumers”.

    The step has been taken in light of an initiative that started in 2016, addressing the concerns of rampant distribution of free SIM cards by mobile operators and their potential misuse.

    A survey from PTA highlights that some users knowingly or unknowingly hand over their SIMs to unauthorized people, for monetary benefits. These SIMs, once abandoned by the user, lead to disconnection. Such users then frequently acquire new SIMs from different operators, hence the cycle continues.

    Mobile users can verify the status of SIMs registered under their Comput­erised National Identity Card (CNIC) by going to the web address “cnic.sims.pk” or by SMSing their CNIC number to 668.

    A one-time wai­ver will apply in cases where illegal SIMs are iss­ued without the knowledge or consent of consumers.

    PTA believes fraudsters exploit the practice of free SIM disowning, as they conveniently get new ones after disowning the old ones.

    However, PTA also stressed that mobile firms should develop a mechanism to address the concerns of consumers with illegally issued SIMs registered under their CNICs, as these customers should not bear the cost of disowning such SIMs.

  • Arooj Aftab bags two nominations at the Grammy Awards

    Arooj Aftab bags two nominations at the Grammy Awards

    The nominations for this year’s Grammy awards were announced on Friday night and among the nominees was Pakistani-American singer Arooj Aftab. Aftab was nominated under ‘Best Alternative Jazz Album” for her album ‘Love In Exile’ as well as for the category ‘Best Collaborative Music Performance’ for her single ‘Shadow Forces’.

    Arooj shared a screenshot of the nominations on her Instagram stories.

    She shared another picture with singers Vijay Iyer and Shahzad Ismaily and wrote: “Congratulations on the Grammy nomination! Here we go again.”

    In 2022, Arooj became the first ever Pakistani to win the Grammy award under the category of ‘Best Global Performance’.

  • Bilawal believes, PML-N, MQM alliance will benefit PPP

    Bilawal believes, PML-N, MQM alliance will benefit PPP

    Commenting on the electoral alliance recently formed between Pakistan Muslim League Nawaz (PML-N) and Muttahida Qaumi Movement Pakistan (MQM-P), Bilawal Bhutto-Zardari, Chairman of the Pakistan People’s Party (PPP), asserted on Friday that the coalition would prove advantageous for his party in the upcoming general election.

    Earlier this week, PML-N and MQM-P, former allies of the PPP in the Centre, declared their intention to collaborate in the upcoming general elections. This alliance has the potential to influence election outcome in urban areas of Sindh.

    The development occurred amidst the escalating war of words between the PPP and PML-N, following the announcement by the Election Commission of Pakistan to conduct elections in the country on February 8, 2024.

    The romance between the two former allies ended after the PDM-led coalition government completed its term in August, and both the PPP and PML-N locked horns over election-related issues.

    During an interaction with journalists in Safari Park, they PPP chairman said: “We worked hard to make him [Shehbaz Sharif] prime minister. It was the need of the hour.”

    He emphasised that the decision was intended to address the ongoing political and democratic crisis in the country. The PPP leader highlighted that, during the government led by the PDM, his party contributed to the betterment of Sindh.

  • Asad Umar quits PTI, politics

    Asad Umar quits PTI, politics

    Asad Umar, former Secretary General of Pakistan Tehreek-e-Insaf (PTI), has declared that he will quit both the party and politics from now on.

    He clarified that he prefers not to adopt a confrontational approach towards state policies, as such a policy goes against the country’s interests.
    He wrote on his X account (Previously Twitter), “After more than one decade in public life, I have decided to completely quit politics.

    As i had already stated publicly earlier that i disagree with the policy of confrontation with state institutions, and such a policy has led to a serious collission with state institutions, which is not in the interest of the country.

    I am resigning from basic membership of PTI.

    I want to thank all those who have supported me in public life. In particular I want to thank the NA 54 team and the voters who elected me twice. I have tried my best to serve the constituency that i was elected from. May Allah’s blessings shine upon the Pakistani nation.”

  • PM Kakar offers solidarity to Palestinian president after meeting

    PM Kakar offers solidarity to Palestinian president after meeting

    Caretaker Prime Minister of Pakistan, Anwaar-ul Haq Kakar, met with the President of Palestine, Mahmoud Abbas, on Friday in Riyadh. During the discussion, both leaders emphasized the importance of global cooperation to prevent the escalation of violence by Israel.

    The meeting occurred during the Extraordinary Summit of the OIC, called to address the critical circumstances in occupied Palestine arising from the Israeli occupation forces’ aggression in both Gaza and the West Bank.

    More than 11,000 people have been killed in Israeli bombings since Oct 7 when Hamas shocked Israel with unprecedented cross-border attacks.
    PM Kakar, conveying the unflinching solidarity of Pakistan with the Palestinian people, strongly denounced the indiscriminate use of force by Israeli occupation forces and the bombing of hospitals, refugee camps, schools and residential buildings, resulting in the loss of thousands of precious lives and forced displacement of Palestinian families.

    President Abbas acknowledged Pakistan’s show of solidarity during this challenging time and praised its unwavering position on the Palestinians’ right to self-determination.

  • Strong-arm tactics should be used against terrorists, not Afghans, says Bilawal

    Strong-arm tactics should be used against terrorists, not Afghans, says Bilawal

    Bilawal Bhutto Zardari, former Foreign Minister, has condemned the “strong-arm tactics” that are being used by the caretaker government for the repatriation of Afghan refugees. The chairman of the Pakistan People’s Party showed concern over the process of repatriation of illegal Afghans from the country. “A distinction must be made between people and terrorists while devising any policy,” said the ex-foreign minister while talking to reporters in Karachi.

    He called out the caretaker government for the “lack of clarity” in its policy about the repatriation and cautioned, “If you go against people, you will never achieve your target.”

    More than 200,000 Afghans have left the country amidst the current drive of deportation. The government is determined to deport all the refugees in a span of one year despite criticism from civil society, the Afghan government, and UNHCR.