Tag: Pakistan

  • Pakistan successfully secures final IMF approval for $3 billion bailout

    Pakistan successfully secures final IMF approval for $3 billion bailout

    The International Monetary Fund (IMF) has officially granted approval to Pakistan for a 9-month Stand-By Arrangement (SBA) amounting to approximately $3 billion. This decision comes shortly after reaching a staff-level agreement with the country.

    In a statement, the IMF announced, “Today, the Executive Board of the International Monetary Fund (IMF) approved a 9-month Stand-By Arrangement (SBA) for Pakistan for an amount of SDR2,250 million (about $3 billion, or 111 percent of quota) to support the authorities’ economic stabilization program.”

    Earlier on the same day, Finance Minister Ishaq Dar confirmed that Pakistan had received $1 billion from the United Arab Emirates (UAE) as part of their financial commitment to assist Pakistan in securing the IMF bailout package. During a televised media address, the finance minister stated, “The UAE has deposited the amount into the State Bank account.”

    Additionally, Saudi Arabia had previously deposited $2 billion in the State Bank of Pakistan (SBP) account, fulfilling the IMF’s condition to bridge the external financing gap and bolster the country’s foreign reserves. This contribution aims to support the economic stability of Pakistan.

    Pakistan had signed a short-term IMF deal on June 30, under which the country was set to receive $3 billion over nine months, pending approval from the IMF’s board. With the Executive Board’s approval, an immediate disbursement of SDR894 million (approximately $1.2 billion) is authorised, as stated by the IMF.

    The remaining funds will be disbursed in phases throughout the duration of the programme, subject to two quarterly reviews, according to the IMF’s statement. The IMF acknowledges that Pakistan is currently facing a challenging economic situation due to external difficulties, devastating floods, and policy missteps, resulting in significant fiscal and external deficits, rising inflation, and depleted reserve buffers in the fiscal year 2023.

    The IMF sees the new SBA-supported programme as a means to address both domestic and external imbalances and provide a framework for financial support from multilateral and bilateral partners. Pakistan’s successful acquisition of the IMF bailout package was contingent upon implementing difficult economic measures, such as interest rate hikes and tax increases, to fulfill the IMF’s conditions.

  • The first episode of ‘Shanaas’ gets rave reviews from social media

    The first episode of ‘Shanaas’ gets rave reviews from social media

    Shanaas is a new drama serial on the recently launched Green Entertainment TV. The drama centers on a young girl named Aneesa, who is striving to find her biological parents.

    In the first episode we see that Aneesa and Ramees’ family are very happy about their children’s engagement. But suddenly happiness changes into shock when the groom’s family finds out that Aneesa was adopted. Despite Ramees’ love for Aneesa, his parents do not agree to the marriage.

    The serial has a heartbreaking story that triumphs with the brilliant direction of Yasra Rizvi.

    In an appearance on Geo’s ‘Hasna Mana Hai’, Rizvi was asked about whether she liked acting more or directing, and she said acting takes less stress and is a more rewarding experience

    The episode got positive reviews from social media:

  • Pakistan gets most scholarships second year in a row

    Pakistan gets most scholarships second year in a row

    Pakistan has been ranked top in the world for number of scholarships awarded for 2nd year in a row, EU Pakistan has stated on Wednesday.

    The European Union to Pakistan shared the news on Twitter, stating that a highest ever number of 192 Pakistani students received scholarships to study in European universities under the EU Erasmu this year.

    “We celebrated their achievement at the pre-departure event at the HEC Pakistan,” stated EU Pakistan.

    The German Ambassador to Pakistan also shared the tweet by EU Pakistan, giving thumbs up to the selected candidates.

  • Another Indian official arrested for getting tricked by alleged Pakistani spy 

    Another Indian official arrested for getting tricked by alleged Pakistani spy 

    The Ghaziabad Police in India have arrested Naveen Pal, an official working for the Minister of Finance, for passing on classified information related to the ministry and the G20 meeting to a hacker allegedly disguised as a woman in Karachi, Pakistan.

    According to India Today, Pal met the woman online on social media and both began talking on Whatsapp.

    The police reported that Pal had several confidential financial documents in his phone, with the files saved under the name ‘secret’.

    The woman’s phone number was traced to Uttar Pradesh’s Bareilly, but the IP address was found to be from Karachi.

    This is the second recent incident of an Indian official being duped by a Pakistani hacker into sending confidential information. An Indian defence scientist Pradeep Kurulkar, had been exchanging texts and voice messages with a woman named Zara, sending her confidential defence information on phone.

  • ‘Pyaar kiya toh daarna kia’, Pakistani woman marries Indian PUBG love

    ‘Pyaar kiya toh daarna kia’, Pakistani woman marries Indian PUBG love

    They say love is crazy and limitless. According to Seema Haider, a 27-year-old Pakistani woman and mother of four, love was the reason behind her decision to move to India and start a new life with an Indian man.

    The news of the across-the-border love story has been making rounds on social media. “You only live once then you get old and die, so I chose love over everything,” says Seema.

    Seema is now married to Sachin Meena and lives in a two-room house 70 kilometers from India’s capital New Delhi. She has refused to come to back to Pakistan. “I’ll die here but never return,” Seema stated.

    In an interview shared by BBC, Seema and Sachin opened up about how the romance began for them and what they mean to each other. They started talking on PUBG in 2020, becoming close friends in a span of seven months. According to the lovers, they met in March in Nepal for the first time and it was Seema who got Sachin a ticket.

    Seema told the interviewer that it’s a wondrous feeling when you are talking to someone from across the border. She said, “I used to show him Pakistan and he used to show me India.”

    On being asked that Pakistan is demanding for counselor access to Seema, she was pretty clear that she is never coming back to Pakistan. “I don’t hate Pakistan. It’s not like I don’t miss the country. I have spent my childhood there. My family is there and my parents are buried in Pakistan, but I won’t go back,” she said. Sachin was also very local about not letting Seema go back, he said, “I won’t let her leave till I’m alive.”

    Seema’s first Pakistani husband Ghulam Haider, who is currently in Saudi Arabia, has appealed to the Saudi government to help him in getting his wife and four children back, to which Sachain responded that Seema is also his wife now, and he has accepted her with the children. Seema further added that Haider has claimed that she is still his wife, but she is not. Haider had divorced her verbally. It’s not on papers yet. She said verbal divorce is considered divorced in Pakistan.

    “A woman can also file for divorce. I’ll send him a notice to make it official,” she added.

    When asked about changing her religion, Seema expressed that she willingly converted to Hinduism and there was no pressure on her as claimed by her ‘ex-husband’.

    She was questioned that Sachin works at a shop, do you think you along with your four kids will be offered a good life with him. “Yes, he respects me, loves my kids and that’s enough. It means nothings when one gives you money, but no respect,” she replied.

  • Want to know how to talk about domestic violence? Tere Bin has nothing on 1990’s Aahat

    Want to know how to talk about domestic violence? Tere Bin has nothing on 1990’s Aahat

    In a triggering scene, a house helper is seen violently beaten, dragged across the floor by her hair as her husband screams at her to give him more money. The woman keeps refusing, since the man is a drunkard who steals all their money to gamble it away. When the house help begins crying for help, another woman steps outside from her apartment and stands between them to protect her. The drunkard orders her to leave, as its a personal matter between a husband and his wife. But the woman refuses to do so, threatening to call the police. She takes the beaten woman inside her house.

    Did this scene come from a recent hit drama like ‘Tere Bin’, or from a forgotten, classical drama from the 90’s which talked about post- partum depression, pressure to give birth to sons and struggles of a working class family to make a living for their three daughters? Haseena Moin’s ‘Aahat’ was decades ahead of its time when it came to discussing sensitive topics, giving women the catharsis they need that decades later, ‘Tere Bin’ glorified with toxic relationships.

    In several ways, Aahat was ahead of its time when it pulled back the curtain to reveal the struggles Pakistani women underwent, talking about the things that today’s television dramas would have been called ‘vulgar’. It explores the struggles of Rabiya, who gave birth to a fourth daughter, and is being pressurised by her mother-in-law to give her a son, or her husband must marry another woman. Rabiya’s pain is nothing new for Pakistani women, who bear the brunt of family problems, and the drama never shies away from being blunt about the pain: like a scene where Rabiya is made to isolate herself from her children in a room until she is able to give birth to a healthy son, under the orders of a peerni. Or the taunts for only giving birth to daughters which puts pressure on her health as she toils around the house, regardless of the warnings of her doctor and friend.

    But most importantly, what makes ‘Aahat’ the exemplary drama that proved Haseena Moin knew what Pakistani women yearned for, better than the writers today, was how she crafted female friendships that rose from the pains women shared with each other. Rabiya’s friendship with the brilliant and witty Naheed (played by Talat Naseer) is what guides her to take a stand for herself and eventually for her children. Naheed’s boldness and selfless love for Rabiya rescues her in moments when her post-partum depression make the worst of her, like in the first episode, she immediately begins working around the house after undergoing a critical surgery, because her mother-in-law refuses to take care of her three daughters, calling them a burden. Or the humiliation Rabiya endures because of the limited money her husband makes, that eventually push her into making shocking decisions. It was Naheed who offered her safety, and eventually proved that the drama was a love letter to the magic of female friendships.

    In an episode when Rabiya has to make a critical decision, Naheed reminds her that she will never be granted a place on the table, but she needs to keep raising her voice to make it happen.

    “Hum aurtoon kay pass koi jagah nahi hoti’ she urges. “Mein isliee har dafa chala rahi hoti hoon kyun kay mujhay pata hai kay istarhaan meri awaaz koi sunay ga. Islie apni awaaz uthaya karo ta ke log tumhein sunien.”

    Would this message remain evergreen in the years ahead ? Tere Bin, currently rated as a critical hit drama on Pakistani screens, proved that the enduring message of friendships and female empowerment has been lost forever. For 58 episodes, the drama stomped out any effort Moin made to give Pakistani women the space they needed to find their voice; instead glorifying the opposite with a clueless storyline featuring two toxic characters, and an even toxic slutty savitri who plotted to break them apart. From the first five episodes, Meerub was slapped for refusing to marry Murtasim, lead a toxic storyline of stalking, abuse, harassment, and even marital rape to a point. What was once a space crafted by the gentle and clever writing of Haseena, is now bombarded with 45 minutes of Haya plotting to make sure Murtasim catches Meerab in a scene that makes him slap her and then divorce her so Haya could become his wife.

    The wound left behind by the passing of Haseena bleeds anew when we come to realise that what television dramas show on our screens is what even female drama writers today staunchly believe is what the audience needs. When the writer of Tere Bin Nooran Mahkdoom, had been questioned about the controversial marital rape episode, she defended it as ‘a demand of a serial’, a complete 180 from the time when a decades old drama written in the times of Zia had not only condemned domestic abuse and rape, but even made sure that the message that abusers should be punished is given to the audience.

    The problem never was just about Tere Bin, but the complete decline in the quality of our dramas, pushed by an industry that now considers that any show featuring one of out the following: domestic violence, wailing women, a satti savitri desperately wanting a man’s attention. Pick one of them and you have a hit on your hands, even get a Pride of Pakistan award ready. Take a stand and make a drama like ‘Udaari’ that talks about child abuse and sexual assault, PEMRA is at your doorstep ready to call you a traitor for going against the Islamic Republic of Pakistan.

    In a time even Pakistani women can’t find a place to be still, with the economy ravaging, human rights violations growing even worse by the day, public spots becoming hunting grounds for rapists and harassers, the grief we carry in our bodies is understood by no one better than Haseena Moin, and the prevailing message that becomes relevant as currently a hit drama featuring two cousins falling in love features a scene accusing women for falsifying rape accusations for the sake of attention. It’s no surprise that more women are turning to classical dramas because the gentleness and sharp writing of Moin will keep outshining whatever dumpster bin dramas we’re fed in the name of ‘hit dramas’.

  • Petroleum dealers demand commission hike, threaten countrywide petrol pump shutdown

    Petroleum dealers demand commission hike, threaten countrywide petrol pump shutdown

    The petroleum dealers have issued a formal threat to initiate a nationwide strike in their pursuit of an increase in commission rates from the government.

    The petroleum dealers have expressed their intention to cease operations at petrol pumps throughout the entire country, while simultaneously demanding that the government reinstate a 5 per cent profit margin.

    Abdul Sami Khan, Chairman of the Pakistan Petroleum Dealers Association (PPDA), emphasised that they are unable to sustain the sale of petroleum products at the current commission rates for dealers.

    Khan further announced the urgent convening of a meeting in Lahore on July 12th, with the purpose of addressing these concerns. He asserted that the sale of petroleum products has experienced a significant decline of 40 per cent due to the prevalence of smuggled petrol and diesel in the nation.

    In the previous year, the dealers had demanded that the dealer’s margin be fixed at 6 per cent and had issued a similar nationwide strike threat.

    Earlier, the oil marketing companies (OMCs) had written a formal letter to the Oil Companies Advisory Committee (OCAC), requesting the federal government to establish OMC’s margin for petrol and high-speed diesel (HSD) at Rs12 per litre.

    It has come to light that the dealers’ commission had experienced a notable increase of over 25 per cent to Rs7 per litre in 2022. According to ARY News, this increase coincided with the adjustment of OMC’s margins from Rs3 and Rs3.68 per litre on petrol and HSD, respectively, to Rs6 per litre in November 2022.

  • High prices lead to 79% drop in new car sales in June 2023

    High prices lead to 79% drop in new car sales in June 2023

    The automobile industry of Pakistan experienced a severe blow in the fiscal year 2022-23, with car sales plummeting by 56 per cent to a mere 126,879 units, according to data shared by the Pakistan Automotive Manufacturers Association (PAMA) on Tuesday. This significant decline can be attributed to various factors, including the non-availability of completely knocked down kits (CKDs), exorbitant car prices, a surge in auto financing, and the reduced purchasing power of buyers.

    In June 2023, the monthly sales took a substantial hit, dropping by 79 per cent compared to the same period last year, reaching a meager 6,034 units. However, it is worth noting that the sales in June were 10 per cent higher when compared to the sales in May.

    Among the car manufacturers, Honda Atlas Car (HCAR) witnessed the most notable increase in sales, with a month-on-month surge of 253 per cent to 307 units in June. This growth can be attributed to the lower sales base in the previous month and the availability of necessary car parts.

    Pak Suzuki, on the other hand, experienced a modest month-on-month growth of 2 per cent in June, with sales reaching 3,009 units. The surge in Bolan sales by 67 per cent contributed to this increase. However, the company’s bookings took a significant hit, plunging by 57 per cent to 65,364 units in the fiscal year 2022-23.

    Indus Motor Company, responsible for assembling Toyota cars, observed a 7 per cent increase in bookings on a month-on-month basis, reaching 1,846 units in June. Nonetheless, the company’s total car sales for the fiscal year 2022-23 amounted to 31,104 units, reflecting a decline of 58 per cent year-on-year.

    Hyundai Nishat Motor witnessed an 11 per cent month-on-month increase in sales, with the sales of Tucson surging by 61 per cent to 313 units and Elantra sales increasing by 28 per cent to 88 units in June.

    Shifting focus to the tractor segment, Millat Tractors (MTL) experienced a 42 per cent month-on-month increase in bookings, reaching 2,136 units in June. Conversely, Al Ghazi Tractors (AGTL) recorded sales of 854 units, marking a decline of 57 per cent. Overall, the total tractor industry sales for the fiscal year 2022-23 amounted to 30,942 units, representing a decrease of 48 per cent due to factors such as floods, plant shutdowns, lower consumer buying power, and higher prices.

    Looking ahead, the high interest rates and the significant increase in auto prices resulting from the depreciation of the Pakistani rupee against the dollar are expected to continue negatively impacting auto sales in the fiscal year 2024. Furthermore, restrictions on opening letters of credit (LCs) for importing CKDs by auto assemblers may lead to lower plant capacity utilisation and, in extreme cases, plant shutdowns across the industry.

  • Journalist removed from PTV panel after questioning PM Shehbaz

    Journalist removed from PTV panel after questioning PM Shehbaz

    President of Lahore Press Club, Azam Chaudhry, was dismissed by state-run PTV after questioning Prime Minister Shehbaz Sharif on the “diminishing space for freedom of speech” and the increased restrictions over media in Pakistan during a press conference in the provincial capital. 

    Chaudhry posed a two-part question to the prime minister, addressing both widespread media restrictions in the country as well as the interim government’s plan to continue executing the current economic policy. He inquired about the end of media restrictions, specifically, when would journalists be granted the freedom to speak and write without constraint. 

    In response, Prime Minister Shehbaz expressed his disapproval of curbs on media freedom but deflected responsibility to Federal Minister for Information & Broadcasting Marriyum Aurangzeb. Aurangzeb, while acknowledging the need to distinguish between politics and the authority of the state, emphasized that the two should be treated separately.

    In a conversation with The Current, Chaudhry revealed that he was reportedly told by PTV right after the conference that he would not be invited back to his regularly scheduled program Ba-khaber, of which he is one of the pioneer journalists since 2022. 

    He also shared that he was informed earlier in the day that PTV would be doing a panel program after the press conference with two other journalists, Sajjad Mir and Salman Ghani. However, after his questions to PM Shehbaz, he was taken off-air and told that he was no longer with PTV.

    Many news platforms have reported that Azam Chaudhry lost his contract with the state channel; he asserts that he never claimed to be an employee of PTV. He was working as a freelance journalist, with an ‘approval letter’ stating he would be paid PKR 18,000 per program appearance (for Ba-khaber), for three programs per week. 

    According to Chaudhry, the moment the press conference concluded, PTV verbally conveyed to him that he would not be invited back to present on Ba-khaber, so he could take his leave. 

    Speaking to The Current, Chaudhry chuckled at how well-punctuated his point at the press conference became after his dismissal. “I talked about freedom of expression at the press conference, and I was off-aired right after – it proves my initial point [of ongoing media restrictions]”. 

    Ironically enough, Finance Minister Ishaq Dar was reportedly discussing his government’s media-friendly policy at the very same press conference, chiding the previous Pakistan Tehreek-e-Insaf (PTI) government for only inviting “chosen journalists” to media interactions. According to the Tribune, however, leading journalists from prominent English dailies were excluded from this particular press conference.

    Marriyum Aurangzeb tweeted earlier that the story is “completely false and baseless”. She reiterated Dar’s point of the previous PTI government being declared a ‘Press Freedom Predator’ by Reporters Without Borders, and only allowing selected reporters and journalists to its press conferences. 

    In conversation with the Express Tribune, Chaudhry said journalists in Pakistan were operating in a “very suffocating environment”, where they were not allowed to express themselves freely. 

    “I was not fired on establishment’s orders, I was fired by this government, but in the larger scheme of things, people would blame them.” he said, adding that this tenure also “exposes Pakistan People’s Party and their claims of being upholders of democratic principles”.

  • How to get fit and be happy this summer while sitting at home

    How to get fit and be happy this summer while sitting at home

    With summer now in full swing, individuals globally may be pondering on ideas to get fit and healthy without leaving their room. This article aims to share some innovative, fun, and easy fitness tips you can incorporate at home this summer.

    First off, despite the scorching heat outdoors, summer is an excellent time to find your inner yogi. Yoga is not only a great means to enhance physical flexibility and strength but also helps in relieving stress and bolstering overall well-being. Online yoga classes and apps offer comprehensive sessions varying in lengths and difficulties, allowing you to choose according to your flexibility and skill level.

    When it comes to cardio-based exercises, home dance workouts can provide a delightful reprieve from traditional regimens. Diverse home-dance workout formats available online, from Zumba to hip-hop routines, can contribute significantly to calorie-burning. While offering fitness benefits, these sessions also add an exciting element to your daily routine, making workouts something to look forward to.

    Alongside exercising, it’s crucial to focus on healthy nutrition. Experimenting with summer salads and smoothies is a creative way to fulfill your nutritional needs. Including a variety of colorful fresh fruits and veggies in your meals ensures you receive ample vitamins and minerals, essential for maintaining a robust immune system, particularly important during these pandemic times.

    Moreover, proper hydration in summer can’t be overstated. Try adding fruits like watermelon or cucumber to your drinking water for a refreshing twist on staying hydrated. Also, you can experiment with homemade iced herbal teas, which are equally hydrating and provide numerous health benefits.

    Finally, mental health is as vital as physical fitness. Adopt mindfulness exercises or meditation to help manage stress effectively, improve focus and induce better sleep.

    Getting fit this summer while staying home doesn’t have to be tedious. Armed with these tips, you’re ready to transform your summer fitness journey into an enjoyable and rewarding experience.