Tag: Pakistan

  • Moonis bought benami Spanish properties on same day father Pervaiz Elahi became CM

    Chaudhry Moonis Elahi purchased several properties in Spain on the day his father, Chaudhry Pervaiz Elahi, took oath as Chief Minister (CM) Punjab on July 27 last year.

    Writing for The News, Umer Cheema has revealed that this information has been obtained by the National Accountability Bureau (NAB) from Spanish authorities.

    Moonis confirmed holding benami properties in Spain, which includes an apartment, a Range Rover and a company among the newly made assets apart from a bank account and previously incorporated companies.

    Moonis admitted to their ownership and said he would declare them in his next year’s tax return. He said it was nothing more than a coincidence that the purchase of properties occurred on the day his father took the oath.

    National Accountability Bureau (NAB) Lahore had written a letter to the authorities in Spain for an ongoing investigation of alleged corruption, looting and ill-gotten properties against the family.

    It has been found that Barcelo hotel in Barcelona is also owned by Chaudhry Pervaiz Elahi family, while another multi-story plaza is also said to be owned by Elahi family—with a person named Saqib Tahir appointed as caretaker, reports Samaa News.

    The Canary Islands in Spain are also said to be home to various historic buildings, plazas and orchards, owned by Eahi family.

    Moonis Elahi has recently started a taxi service in Barcelona by obtaining 250 taxi vehicles on bank lease.

    In Spain, Chaudhary Pervez is known as the frontman of the Elahi Family.

  • ‘See you soon’: We’re loving this heartfelt cross-border exchange between Sonam Kapoor, Fawad Khan

    ‘See you soon’: We’re loving this heartfelt cross-border exchange between Sonam Kapoor, Fawad Khan

    Anyone who has ever been a fan of Bollywood remembers how the earth’s axis shifted when Fawad Khan starred as Prince Vikram in the Bollywood film ‘Khoobsurat’ with Sonam Kapoor. Hearts swooned across the subcontinent en masse. No man has had the kind of impact that Fawad did, and we’re still reeling from it.

    It looks like the other side of the border still can’t get over Fawad’s smoldering looks either, and this recent exchange between Kapoor and Khan proves it.

    Khan shared a clip from an upcoming action film on his Instagram page, and Kapoor commented on it, saying that she missed him, and couldn’t wait to see him soon.

    “FK always magic on screen,” wrote Kapoor. “See you and Sadaf soon.”

    Is another collaboration in the works? A chance that Fawad Khan might star in another Bollywood film?? We’re shaking just thinking about it.

    Twitter users also loved how regardless of the political tensions between India and Pakistan, Bollywood and Lollywood actors still care for eachother.

    Kapoor once said in an interview that it was Fawad Khan with whom she had the best chemistry, but was unhappy with how Karan Johar sent him back to Pakistan.

  • Top five TV ads that Twitter users love the most

    Do you guys remember which TV ads you loved? Some of the most popular commercials have been made by companies like Ufone, Cocomo and even Shan, entertaining audiences as much as the dramas they interrupted.

    A few days ago, a Twitter user asked followers about their favorite ads while growing up.

    And Pakistani Twitter users took us down memory lane with some of the best responses.

    1 Yes, we all remember when Mahira Khan and Fawad Khan cemented their status as the number one television couple, solely with this commercial.

    2 Nobody, and I repeat nobody, did ads like Ufone did. We’re sharing two because it’s incredibly hard to pick one.

    3 No body can forget the dances that were inspired by this Coca Cola commercial alone.

    4 Or this very moving ad by Shan which reversed gender norms and showed a man cooking in the kitchen to impress his in-laws.

    5 Another ad that was a popular response among Twitter users was the Pepsi commercial in which both Wasim Akram and Imran Khan had starred.

    Just because Eid anay wali hai, we’re not signing off without sharing this masterpiece of a commercial by Ufone.

  • SC to hear defence ministry’s request to hold simultaneous elections across Pakistan

    SC to hear defence ministry’s request to hold simultaneous elections across Pakistan

    The Supreme Court (SC) will shortly hear a plea by the defence ministry to hold elections across Pakistan simultaneously.

    A three-member bench headed by Chief Justice of Pakistan Umar Ata Bandial, comprising of Justice Ijaz Ul Ahsan and Justice Munib Akhtar, will take up the plea shortly.

    A day earlier, the ministry requested the apex court to withdraw the order for upcoming elections due to the fear of terrorist attacks on political campaigns.

    The ministry has submitted a sealed petition in the SC, requesting that the elections be held simultaneously across the country after the completion of the term of the National, Balochistan, and Sindh assemblies.

    It may be noted that this is the same bench that announced the April 4 verdict directing the government and the Election Commission of Pakistan (ECP) to hold snap polls in Punjab on May 14.

  • Pakistan shares plan with IMF to bridge $3 billion financing gap

    Pakistan shares plan with IMF to bridge $3 billion financing gap

    The coalition government of Pakistan has revealed its plan to the International Monetary Fund (IMF) for obtaining an additional $3 billion to fill the financing gap as it tries to persuade the lender to release the next loan tranche.

    In order to conclude talks with Pakistan regarding its delayed bailout, the IMF required “necessary” financing guarantees as soon as possible. Pakistan was asked to raise $6 billion in external financing, which is required by the country until June to avoid a potential default.

    This figure was determined on the assumption that the current account deficit would remain at around $7 billion in the current fiscal year. The IMF welcomed the recent announcement of financial support from key bilateral partners, but this support is inadequate for Pakistan’s requirements.

    Islamabad informed the IMF about its plan to secure a $450 million second Resilient Institutions for Sustainable Economy (RISE-II) budget support loan, as well as its plans to obtain $1 billion from the Asian Infrastructure Investment Bank (AIIB) and other commercial banks, and to materialise pledges made at the Geneva moot. According to sources, once the staff-level agreement is signed with the IMF, it will become easier for Pakistan to obtain financing.

    Pakistan’s foreign exchange reserves have fallen to cover barely a month of imports following the stall in IMF funding in November, which was later complicated by snags over fiscal policy adjustments after officials from the lender visited Islamabad for talks in February. The fiscal policy adjustments were part of the ninth review exercise on a bailout package agreed upon in 2019, whose resumption is crucial for Pakistan to avoid the risk of defaulting on external payment obligations.

    Pakistan will receive another disbursement of more than $1 billion from the IMF programme before it ends in June, which will unlock other bilateral and multilateral financings for the country, helping to ease its financial difficulties.

    Programme loans from other multilateral agencies await completion of the IMF review, as reported by central bank governor Jameel Ahmad during the spring meetings of the lender and the World Bank in Washington.

  • Alarming decline in Pakistan’s manufacturing sector, latest data reveals

    Alarming decline in Pakistan’s manufacturing sector, latest data reveals

    The manufacturing industry in Pakistan, which is responsible for about 20 per cent of the country’s economic growth, has experienced its eighth consecutive month of decline. This is a major cause for concern as it could have negative impacts on the overall economy.

    In February, the rate of decline was particularly severe, with a contraction of 11.59 per cent compared to the same period in the previous year, according to data from the Pakistan Bureau of Statistics.

    This decline will impact Pakistan’s overall economic growth, with the gross domestic product (GDP) also expected to suffer a significant blow this fiscal year.

    The negative growth of the sector is due to both domestic and global factors, including high energy costs, rupee devaluation, and the government’s tightening of monetary and fiscal policies. Industrial output fell by 5.56 per cent in the first eight months (July-February) of the ongoing fiscal year, compared to the same period last year.

    The global economic slowdown has further worsened the situation, with many businesses scaling back operations or reducing operating hours, while others have shut down their plants. The LSM sector has witnessed a decline in production from August 2022 to February 2023.

    All major and small sectors’ output contracted in February, including textile, food, coke and petroleum products, chemicals, automobile, pharmaceuticals, cement, fertilisers, iron and steel, furniture, leather products, electrical equipment, and non-metallic mineral products.

    To combat soaring inflation, the State Bank of Pakistan (SBP) also raised the discount rate to 21 per cent, hindering industrial activities by making bank financing more expensive.

  • ISI, Military Intelligence chiefs brief SC judges on security situation

    The heads of the Inter-Services Intelligence (ISI) and the Military Intelligence (MI) met with the Chief Justice of Pakistan Umar Ata Bandial and two OTHER apex court judges who are hearing a case related to the election in Punjab on May 14 on Monday to update them on the security situation in the country.

    According to news reports, the meeting between the judges, the ISI, and MI chiefs continued for over three hours in the CJP’s chamber.It was reported that the intelligence official gave a briefing to the judges on the security issues confronting the country. However, specific outcomes of the meeting remain undisclosed.

    A three-member SC bench comprising Justice Bandial, Justice Munib Akhtar and Justice Ijaz ul Ahsan had previously ordered that elections in Punjab be held on May 14 and declared the Election Commission of Pakistan’s (ECP) decision to hold polls on October 8 as “unconstitutional”.

  • Death clarification: Saeeda Imtiaz posts statement to rubbish death rumours

    Death clarification: Saeeda Imtiaz posts statement to rubbish death rumours

    Actress and model Saeeda Imtiaz rubbished rumours about her death by posting a video, where she revealed that her Instagram and Facebook account had been hacked, leading to the posting of the fake death news.

    Imtiaz also revealed the mental anguish her family and loved ones went through:

    “My family members were incredibly upset, I don’t live with them.. they are here right now to see whether I was okay.”

    Imtiaz also made it clear that she is currently tracing down the people who were responsible for the hacking and will take strong action against them. You can listen to her full statement below:

    Imtiaz’s lawyer, Mian Shahbaz Ahmed, posted the clarification on his Instagram account by slamming the death rumors, and wrote that the ‘Kaptaan’ actor was alive and well.

    Inna lillahi wa inna ilayhi raji’un.

    Model and film actress Saeeda Imtiaz has passed away at her home on Tuesday morning, her team has confirmed in a statement posted on her Instagram account.

    The statement said that Imtiaz was found dead in her room. No cause of death has been given as yet.

    Imtiaz was born in the United Arab Emirates and raised in New York, USA.

    She started her career working as a model, before moving on to the bigger screen in 2012, starring as Jemima Khan in the biographical film about Imran Khan, “Kaptaan: The Making of a Legend”. She also starred in ‘Wajood’ in 2018.

    We send our condolences to her friends and family.

  • Why was Iftikhar sent at number 8? Babar Azam reveals secret strategy

    New Zealand has won the third T20 in the bilateral series with Pakistan in front of a full capacity Gadhafi Stadium Lahore on Monday evening.

    The Kiwis set a target of 163 in 20 overs, winning the match by 4 runs in the last over.

    Pakistan’s batting line up collapsed yet again, as one by one batsmen failed to score after Fakhar Zaman and Muhammad Rizwan fell.
    Young star batter Saim Ayub also failed to hit the shots he is known by, scoring only 10 runs off 9 balls.

    Surprising many, hard hitting all-rounders Iftikhar Ahmed and Faheem Ashraf came to bat in at number 7 and 8 while full time bowler came to bat prior to them with Shadab Khan.

    Babar Azam revealed why he sent Iftikhar Ahmed in at number 8 when asked by the media. The skipper explained that the team are trying a flexible batting line up so everyone can bat according to the situation, stressing that number does not matter and Iftikhar Ahmed can bat at at any number. “There is a proper role for everyone in the team,” he said.

    Iftikhar and Faheem almost turned the game on its head, when Pakistan was 88/7 playing brilliant cricket in the death overs.
    Needing 15 to win from Neesham’s final over, Iftikhar hit a six and a four to reduce the target to five off the last three deliveries.

    But Neesham had Ahmed caught at long-on by Daryl Mitchell and then after a dot ball dismissed last man Haris Rauf in the same manner.

    Iftikhar led the fightback with Faheem as the pair added 61 for the eighth wicket, with Ashraf holing out after a 14-ball 27 studded with two sixes and as many fours.

    Iftikhar smashed six sixes and three fours.

    The victory means New Zealand trail the five-match series 2-1 after Pakistan won the first two games, by 88 and 38 runs, also in Lahore.

    The last two matches are in Rawalpindi on April 20 and 24.

  • PPP, PML-N ready to befriend PTI

    Pakistan People’s Party (PPP) and Pakistan Muslim League-Nawaz (PML-N) on Monday agreed to engage in delegation-level dialogue with the Pakistan Tehreek-e-Insaf (PTI) in a bid to find a way out of the present political crisis in Pakistan, reports Samaa.

    According to the news outlet, Yousaf Raza Gilani, Naveed Qamar and Qamar Zaman Kaira from PPP and Rana Sanaullah, Sardar Ayaz Sadiq and Khawaja Saad Rafique from PML-N attended a crucial meeting between the two parties.

    Talking to media after the meeting, Interior Minister Rana Sanaullah said that politicians must not shy away from negotiations.

    PPP leader Yousaf Raza Gilani called for dialogue between political parties to resolve the ongoing political crisis.

    Prime Minister (PM) Shehbaz Sharif has also called a meeting of coalition partners today to evaluate the country’s political situation and Jamat-e-Islami’s negotiation efforts between the government and PTI reports Geo News.

    According to Geo News, the meeting will be held today at 3:30pm at the PM House.