Tag: Pakistan

  • FBR report exposes $7.19 million illegal smartphone imports

    FBR report exposes $7.19 million illegal smartphone imports

    According to an official report from the Federal Board of Revenue (FBR), mobile phones worth $7.19 million have been imported into Pakistan illegally without opening letters of credit (LCs) or using the banking channel.

    The report also states that despite an unannounced ban by the State Bank of Pakistan (SBP) on the import of mobile phones and their accessories, 52 Goods Declarations (GDs) worth $8.65m were cleared between December 2022 and February 2023.

    The mobile phones were imported in Completely Build Up (CBU) condition and only $1.46m was paid legally out of Pakistan through the banking channel. The remaining $7.19m was illegally transferred out of Pakistan. The FBR report does not provide details about the mode of payment made to suppliers in Dubai for the import of these mobile phones.

    The Pakistan Telecommunication Authority (PTA) has stated that manufacturers imported over 190,000 mobile phones in CBU condition under a facility allowed to them. However, despite restrictions set by the banking sector on imports, some companies are still reportedly importing mobile phones under their manufacturing license.

    The import of smartphones has increased, especially after at least 30 manufacturing units in Pakistan halted production due to import restrictions.

  • ‘One year in power’: PM Shehbaz talks about challenges and difficulties

    ‘One year in power’: PM Shehbaz talks about challenges and difficulties

    On the one-year anniversary of assuming power as the head of the coalition government, Prime Minister (PM) Shehbaz Sharif on Tuesday said that this has been a successful tenure that resulted in Pakistan’s restored credibility and overcoming of the country’s financial and energy challenges.

    In a series of tweets, the Premier wrote, “Today marks the completion of one year since I took oath as PM of a coalition government. This has been a time of massive challenges & difficulties. Here’s my perspective on this year.”

    “The passage of No-Confidence Vote against Imran Niazi’s government was unprecedented not because PDM came into power but because almost all of Pakistan’s political forces came together to use the forum of Parliament to vote out an unpopular govt through constitutional means,” tweeted Shehbaz.

    The premier further said that the coming together of political parties with different manifestos for a common national cause represented a major step forward in the country’s political evolution. “Reconciliation & cooperation, not confrontation & vendetta mark the new politics post-April ’22,” tweeted Shehbaz.

    He said that despite the economic landmines laid by Imran Khan and disruptions in global fuel and food supply lines, Pakistan’s economy continued to stay afloat. “All predictions of default have turned out to be false alarms. Sincere efforts are underway to revive the economy,” wrote the premier.

    “Coalition govt has been at pains to repair, rebuild & deepen Pakistan’s diplomatic relations that were dealt a severe blow by Niazi regime. I can inform people that over the last one year, we have largely succeeded in establishing Pakistan’s credibility as a partner & friend.”

    Talking about challenges, PM Shehbaz said, “Pakistan faced unprecedented floods last year. The decisiveness with which the government undertook rescue, relief & rehabilitation efforts, provided social protection to millions of people & mobilized international community has been acknowledged by the world as outstanding.”

    “Government employed climate diplomacy to present Pakistan’s case on the international stage. As Chair of G77 plus China, we were instrumental in the establishment of loss & damage fund. Pledges of USD 9 billion at Geneva moot are evidence of our successful diplomacy.”

    “In the last one year, we have made efforts to diversify the energy mix with an aim to provide relief to the citizens. The renewed focus on solar, hydel, and coal power projects is aimed at replacing the costlier sources of power generation with cheaper ones.”

    “Inflation has hit people hard globally. Geo-strategic rivalries, increase in prices of the fuel & food commodities & historic floods are some of the key factors responsible for inflation. Mindful of its impact, govt has expanded social safety net & provided targeted subsidies,” tweeted Shehbaz.

    “Under the watch of the PDM government, Pakistan managed to exit the FATF grey list, thanks to the excellent inter-ministerial coordination as well as support extended by our military leadership. It was a long journey but sustained efforts made it possible.”

    “Building on the public transport infrastructure, govt., since its inception in April last year, focused on early completion of the development and transport infrastructure projects in Islamabad.”

    “Idea was to provide ease, comfort & affordable mobility to the people Pakistan,” said PM Shehbaz.

  • Gold price soars to an all-time high of Rs217,700 per tola amid economic tensions

    Gold price soars to an all-time high of Rs217,700 per tola amid economic tensions

    The price of gold has soared to an all-time high following a significant slump in the rupee against the dollar, with the country struggling to secure external financing. The data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) shows that the price of gold (24 carats) has spiked by Rs3,100 per tola and Rs2,656 per 10 grammes, settling at Rs217,700 and Rs186,643 respectively.

    The gold rush is in line with the movement of the rupee, which has fallen 2.44 or 0.85 per cent against the US dollar in the interbank market, and an increase in weekly inflation. Inflation has shot up 0.92 per cent week-on-week and 44.49 per cent year-on-year during the seven-day period that ended on April 6th. Prices of sugar and chicken have surged due to Ramzan, and hoarding has caused a likely uptick in inflation.

    Gold is often seen as a hedge against inflation, increasing in value as the purchasing power of the dollar declines. Plus, it’s the season of Ramzan, which brings with it a surge in demand for the precious metal. Investors’ attention has shifted towards gold as economic tensions continue to rise, with the International Monetary Fund (IMF) reviewing external financing commitments from friendly countries before it releases bailout funds. The delay in the revival of the program has negatively impacted the currency market, which is boosting demand for gold.

    The APSGJA also noted that the price of gold in Pakistan is Rs5,000 per tola “undercost” compared to the Dubai market. Thus, the Pakistani gold market is cheaper than the global market. Meanwhile, silver prices in the domestic market have also jumped to historic highs, increasing by Rs30 per tola and Rs25.72 per 10 grams to settle at Rs2,480 and Rs2,126.20, respectively.

    In the international market, the price of gold dropped $6 per ounce, settling at $2,002. Nevertheless, gold’s rise in Pakistan is set to bring a lot of excitement to the local market.

  • ‘Domestic violence is not a personal issue’: Social media slams Ushna Shah for justifying support for Feroze Khan

    Actor Ushna Shah has been in hot waters in the past few days after she shared a picture of herself with controversial actor Feroze Khan at a gym on Instagram. She quoted a hadith that called for Ramzan to be a month of mercy and forgiveness. In her next post, she recalled the death of controversial televangelist Amir Liaqat, and asked her followers not to pass quick judgement that could lead to people committing irreversible acts.

    Feroze Khan has been accused of domestic violence and neglect by his former wife Aliza Sultan. The two divorced in 2022, after multiple celebrities including Oscar winning filmmaker Sharmeen Obaid-Chinoy, and actor Sarwat Gilani rallied behind her.

    In November, Feroze Khan was criticized for leaking the personal phone numbers and home addresses of ten celebrities -including Mira Sethi, Osman Khalid Butt and Yasir Hussain- who had declared that they would take action by suing Khan for emotional and mental trauma.

    On Saturday, Shah once more defended her stance by sharing a detailed statement on Twitter, where she called herself a “human sympathizer” rather than an “abuser sympathizer”.

    Shah went on to reveal that as someone who became the target of unfair bullying, like the backlash to her Indian lehnga that Shah wore on her Mehndi, she didn’t think that social media users should abuse a person and their families for something they “allegedly did”.

    “The backlash at my choice to wear the supposed ‘Indian style lehnga’ and dance at my own wedding, was prime example. So when hundreds and thousands of people abuse a person for whatever they allegedly did and abuse their families relentlessly, day and night, non-stop, I know what that can do and it isn’t fair punishment.”

    https://twitter.com/ushnashah/status/1644702178458710017?s=20

    Shah’s statement has received extensive backlash on social media for refusing to recognize how problematic her stance to support Khan is, and for being an abuse apologist.

    One Twitter user wrote:

    “Sympathizing with a human who is an alleged abuser/involved in domestic violence is basically being an abuser apologist. “even if the alleged criminal was found guilty” so u r telling me that a guilty criminal shouldnt have to face the consequences. also what even’s w the lehnaga.”

    “Pakistani celebrities are hypocrites,” another user wrote.

    https://twitter.com/peesho444/status/1644992794442993665?s=20

    “Why is it always ”let’s forgive abuser Muslim m3n because it’s Ramzan”, that man has literally brutalized his wife, you are not only a domestic violence apologist but a traitor to your own women class, using your privilege to disregard the voices of numerous DV women victims,” another user wrote.

    https://twitter.com/auratsoch/status/1644970742549819393?s=20
  • We will not compromise on hosting Asia Cup 2023 at any cost; Najam Sethi lauds Pakistan’s stance over India controversy

    We will not compromise on hosting Asia Cup 2023 at any cost; Najam Sethi lauds Pakistan’s stance over India controversy

    Asia Cup 2023 is scheduled to be played in Pakistan, however, Board of Control for Cricket in India (BCCI) has continuously pressurised Asian Cricket Council (ACC) to pick a neutral venue for the tournament, stating that they will not send their team to the neighbouring country.

    Pakistan Cricket Board (PCB) chairman Najam Sethi has lauded Pakistan’s stance in a recent interview on Geo TV. Talking to Yahya Hussaini, Sethi said that Pakistan will never compromise on hosting over any controversy.

    “We will hold a dialogue and if conditions are not in our favour, we will withdraw from the tournament,” the head of the PCB said.

    Revealing that four to five meetings have already been held with Asian Cricket Council (ACC) and BCCI, Sethi said that PCB is ready to provide solutions:

    “We asked them that don’t you see the international teams coming to Pakistan. Its clear that there is no security concern, perhaps you are concerned about your security. We will provide fool proof security to your team.

    Even if you are not ready to come then tell us the main reason. We will consider your opinion and provide solutions. But they are not ready to talk and are just saying we will not travel to Pakistan, our government will not allow us.”

    Najam Sethi further elaborated that Pakistan had asked if there is any letter from the Indian government. “Show that in the meeting or to media, then both countries will solve the issue diplomatically but they are not showing any letter,” he stressed.

    He said that a hybrid model has been proposed for Asia Cup.

    “We proposed that if India will not want to play in Pakistan that they can play in another country but we are the host and we will decide which country they will play in. We consider their opinions and suggestions but the decision is all ours.

    We have done all the work and logistics. We are just waiting for their call. If they signal a green light to hybrid model that we will play; if they create more hurdles, then we will definitely show the red card,” he warned.

  • Shehbaz, Bilawal heap glowing praises on golden jubilee of the 1973 Constitution

    Shehbaz, Bilawal heap glowing praises on golden jubilee of the 1973 Constitution

    Prime Minister (PM) Shehbaz Sharif on the occasion of golden jubilee of the 1973 Constitution, took to Twitter and said that the ‘sacred document had weathered many storms over the past 50 years and held the federation together.’

    “The nation today commemorates the Golden Jubilee of the 1973 Constitution, a sacred document that has weathered many storms over the past 50 years & held the federation together. We pay our rich tribute to the framers of the Constitution for their political foresight,” tweeted the PM.

    “Constitution of Pakistan continues to be central to shaping our national character, identity & future trajectory. Time has come to place Parliament at the core of national life both in letter & spirit. Rules of the game framed in light of the Constitution show us the way forward.”

    Foreign Minister Bilawal Bhutto-Zardari said that April 10 has always been a historic day for Pakistan.

    “It is the day in 1973 when we got our constitution. In 1986 SMBB received her historic welcome in Lahore. It is the day in 2022 when for the first time VONC was successful; selected was rejected & ejected by parliament,” tweeted Bilawal.

    The National Assembly (NA), under the leadership of Speaker Raja Pervez Asharf, is all set to celebrate 50 years of the Constitution of Pakistan 1973.

    The month-long celebrations are set to commemorate the country’s charter with a series of events that will commence on April 10. The celebrations will be followed by a joint session of the Parliament, scheduled for 2pm.

  • ‘Never seen such a thing’: Armeena Khan slams PML-N for sharing photo of her holding her baby

    Actor Armeena Khan has slammed Pakistan Muslim League Noon (PML-N) for harassing her by sharing a picture of her with her newborn daughter from the party’s media Twitter account. Khan had defended people’s right to call out politicians, in response to the viral video where a woman was seen trolling Maryam Nawaz. The actress wote that freedom of speech was an essential right, because in Pakistan people are kidnapped for holding politicians accountable.

    “Had this happened in Pakistan, the selfie lady would’ve ‘disappeared.’ ;),” wrote Khan. “I’m glad we have such freedoms in the U.K where we hold our politicians to account. If you’re going to live on British soil then it is OUR rules. We have freedom of speech.”

    https://twitter.com/ArmeenaRK/status/1645020915124649985?s=20

    In response to this comment, an account associated with PMLN shared a picture of Khan with her daughter with a huge cross drawn around it, with the caption saying “How will the sick minded youthias train the coming generation and the fifth generation youthia will be at the lowest level.”

    Khan slammed PMLN supporters for harassing her by what she said was an attempt at invading her personal life, especially by targeting her daughter, saying that she had never seen such a vile act committed by a political party before.

    “Maryam Nawaz hates babies I guess. Poor thing couldn’t take it with her thin skin so sent her official goons to harass a private citizen of another country. I’ve never seen such a thing before from a mainstream political party before,” Khan tweeted.

    https://twitter.com/ArmeenaRK/status/1645059402242686978?s=20

    Khan’s husband, Fesl Raza-Khan critcised PML-N and demanded that the political party send them an apology for targeting their daughter.

    “PMLN leadership, you are responsible for this account. You have posted a photo of my infant, just to troll my wife, thus crossing all bounds of decency. My daughter & I have no interest in PK politics. But as a Father I will protect my child. Apologise immediately,” he wrote.

    Twitter users criticised PMLN politicians for refusing to condemn this heinous act, and for choosing to stoop so low to even target an infant child of a critic. Because political opinions aside, choosing to target the personal life of an individual is completely wrong and demonstrates how classless and disgraceful your morals are.

  • Cabinet approves bill seeking parliament validation for election funds

    Cabinet approves bill seeking parliament validation for election funds

    The federal cabinet on Monday approved a summary prepared by the Ministry of Finance seeking to release funds for the Election Commission of Pakistan (ECP) to hold elections in Punjab on May 14 as ordered by the Supreme Court, which will now be forwarded to the parliament.

    Finance Minister Ishaq Dar presented the bill before parliament today.

    Earlier today, a meeting chaired by Prime Minister (PM) Shehbaz Sharif, decided to send the matter to the parliament, observing that the Lower House was supreme and whatever decision it would make, would be acceptable.

    On Sunday the cabinet decided to refer to parliament the issue of the release of funds to the ECP for holding elections in Punjab.

    The cabinet asked Dar to prepare a summary for the guidance of the Parliament.

    It is pertinent to mention here that the SC has ordered that federal government to release Rs21 billion by April 10 for holding polls in Punjab.

  • PTI issues ‘white paper’ on Shehbaz led govt’s one year performance

    PTI issues ‘white paper’ on Shehbaz led govt’s one year performance

    The Pakistan Tehreek-e-Insaf (PTI) on Sunday issued a “white paper” on the Pakistan Democratic Movement (PDM)-led government’s “one-year dark period”.

    The 51-page “white paper” has been divided into six sections. PTI highlighted the incumbent government’s “poor governance, economy, rising inflation, constitution, democracy, the rule of law, political exploitation of state institutions, attack on the judiciary, chained foreign policy, and law and order.

    The party has dedicated the white paper to PTI Chairman Imran Khan, party workers, and the people of Pakistan, who are “fighting and facing torture for real independence” and democracy.

    Khan — in a video address marking one year since his ouster — threatened to take to the streets if the elections are not held in the country.

    “There is no other way except the elections,” he said.

    Khan accused former Chief of Army Staff (COAS) Genereal Qamar Javed Bajwa of hatching a conspiracy alongside Prime Minister (PM) Shehbaz Sharif to topple his government with the help of former envoy Hussain Haqqani.

    Khan asked, “Would anyone question the man (Bajwa) who ravaged the country’s all indicators for his extension which was promised by present PM Shehbaz Sharif.”

    The PTI Chairman admitted that the conspiracy to overthrow his government was not hatched in the US. It was actually Gen Bajwa who had orchestrated the conspiracy with the help of Shehbaz Sharif and then hired Hussain Haqqani to launch propaganda that “Gen Bajwa was pro-America and Imran Khan was anti-America”. “The cipher made entry came only after the conspiracy had taken its roots,” the former premier acknowledged.

    Giving a message to the “all-powerful” and Nawaz Sharif for making a ‘London Plan’, the PTI chief said political parties could not be crushed by violence, torture, and harassment tactics. 

    It is pertinent to mention here that Khan’s government was toppled on April 9 last year through a vote of no-confidence in the National Assembly.