Tag: Pakistan

  • China approves rollover of $2 billion SAFE deposits for Pakistan

    China approves rollover of $2 billion SAFE deposits for Pakistan

    China has given approval for the rollover of $2 billion State Administration of Foreign Exchange (SAFE) deposits for a year. Pakistan’s Finance Minister, Ishaq Dar, confirmed, stating that the rollover was a requirement of the International Monetary Fund (IMF).

    The IMF had requested the rollover of Chinese SAFE deposits to fulfill external financing needs and move towards a staff-level agreement. The agreement involves filling nine tables under the Memorandum of Economic and Financial Policies (MEFP), including a table related to the Net International Reserves (NIR) as an indicative target.

    This target cannot be met without incorporating the external financing needs of the program period until the end of June 2023. The IMF has asked Pakistan to bridge the gap of $6 billion to ensure its credibility and avoid default. This condition was put forth largely because representatives of Gulf countries on the Executive Board had made commitments before the approval of the seventh and eighth reviews for providing financial assistance to Islamabad in various forms.

    Now, the IMF is seeking the support of Saudi Arabia, the UAE, and Qatar to help Pakistan’s struggling economy. The Fund has warned Islamabad that its credibility would be at stake if the staff-level agreement is finalised, and Pakistan fails to materialize its commitment from the bilateral partners, which could lead to default.

    The IMF is investigating why Pakistan’s bilateral partners are not fulfilling their earlier commitments. China is the only country that has come forward to rescue Islamabad by fulfilling its commitments on the re-financing of its commercial loans as well as the rollover of its SAFE deposits.

  • This Ramzan, Ayesha Omar wants Pakistanis to learn discipline and self-control

    This Ramzan, Ayesha Omar wants Pakistanis to learn discipline and self-control

    Ramzan is a month of restraint and patience, which, actress Ayesha Omar thinks is important for us to learn in order to refrain from being quick to pass judgement and hurting others.

    In an Instagram post, the ‘Bulbulay’ actress called this her favourite month because it helps her practice self-control and discipline, as well as purify the mind, body and soul:

    “My favourite month has started. Time to practice self-control and discipline, time to reset, to detox, to purify the body, mind and soul, time to find our centres and our ground, time to ponder over our being and our habits, time to practice compassion and kindness towards ourselves and others, time to pray and meditate and set a precedence for the rest of the year.”

    Read her complete caption here:

  • ‘Enough is enough’: Khan demands immediate release of PTI activist Azhar Mashwani

    ‘Enough is enough’: Khan demands immediate release of PTI activist Azhar Mashwani

    Pakistan Tehreek-e-Insaf (PTI) Social Media Activist Azhar Mashwani was picked up on Thursday, prompting party Chairman Imran Khan to condemn his arrest.

    Blaming the authorities for abducting Mashwani, Imran Khan took to Twitter and wrote: “Enough is enough. Police in Punjab and Islamabad are breaking all laws with impunity as they target PTI. Today Azhar Mashwani was abducted in the afternoon from Lahore and his whereabouts are unknown.” Khan demanded the immediate release of Mashwani.

    On March 18, Senator Shibli Faraz and Omar Sultan were “badly beaten” by Islamabad police, Khan said, insisting that they both had permission to be inside the Judicial Complex, where the PTI chief went to attend a hearing in the Toshakhana case day.

    Talking about his nephew, Khan said. “Hassaan Niazi was abducted immed after getting bail & later charged with sham FIRs to keep him lcoked up.”

    “I am sending pictures of IGs [inspectors generals] of Punjab and ICT [Islamabad Capital Territory] and of all officers indulging in this criminal behaviour” to international human rights organisations, he said, “so they can identify those working for the state and indulging in abductions, illegal break-ins into homes, custodial torture and violence against political leaders and unarmed workers of PTI.”

    Mashwani’s wife, Mahnoor, also tweeted about her husband’s disappearance, writing, “My husband @MashwaniAzhar is missing from 2.51 pm from home.. He went out for Zaman park And his last seen is 2.51 pm.. If Anyone knows anything.. Let me know..”

  • Toyota IMC announces shutdown of production plant once again due to parts shortage

    Toyota IMC announces shutdown of production plant once again due to parts shortage

    Indus Motor Company Limited (INDU), the company known for assembling and selling Toyota-brand vehicles in Pakistan, has announced the temporary shutdown of its production plant from March 24 to March 27 due to raw material and component shortages.

    In a notice to the Pakistan Stock Exchange (PSX), Indus Motor cited difficulties in opening Letters of Credit (LCs) for raw materials by banks, which have caused a disruption in the supply chain of the company and its vendors.

    As a result, the company is unable to continue its production activities due to insufficient inventory levels. This is the second time this year that Indus Motor has announced the shutdown of its plant, with the first being from February 1 to February 14 due to an inventory shortage.

    The CEO of Indus Motor, Ali Asghar Jamali, had previously acknowledged the challenges facing the local auto industry, including the restrictions on Completely Knocked Down (CKD) kits, which have resulted in manufacturers operating at only 40-45 per cent of their capacity.

    The auto industry in Pakistan is heavily reliant on imports and has been affected by the State Bank of Pakistan’s (SBP) restrictions on the opening of LCs, following a sharp depreciation of the rupee.

    The SBP has imposed restrictions on imports due to the country’s low foreign exchange reserves, which has resulted in operational hindrances for many industries, including the auto sector.

    Although the SBP withdrew import restrictions in January, many industries are still struggling due to the dollar shortage.

  • ‘Violation of constitution’: PTI to move SC against election postponement

    ‘Violation of constitution’: PTI to move SC against election postponement

    Pakistan Tehreek-e-Insaf (PTI) leader Fawad Chaudhry has confirmed that his party will challenge the Election Commission of Pakistan’s (ECP) decision to postpone general elections in Punjab from April 30 to October 8 in the Supreme Court of Pakistan.

    Addressing a joint press conference on Thursday, Chaudhry, along with PTI Secretary General Asad Umar, announced that they are moving the top court against the ECP for “breaching the Constitution”.

    “It is your duty to save the Constitution,” Chaudhry appealed to the judges of the top court, adding that the joint sitting of parliament convened on Wednesday was aimed at an “attack on the Supreme Court”.

    “Judges are being blackmailed and pressurised,” Chaudhry claimed. He also said that the country demands that Article 6 should be applied on five members of the electoral watchdog.  

    PTI Chairman Imran Khan condemned ECP’s move to postpone the election in Punjab, as the party announced to move the Supreme Court against “violation of the Constitution”.

    It is pertinent to mention here that electoral watchdog postponed the elections in view of the recent spate of terrorist attacks in various parts of the country.

    The order said that the interior ministry conveyed to the ECP that the deployment of civil and armed forces would not be possible due to the “spike in incidents of terrorism across the country” and threat alerts from intelligence agencies.

  • ‘They had planned to kill me in a Murtaza Bhutto-type murder’: Khan

    ‘They had planned to kill me in a Murtaza Bhutto-type murder’: Khan

    Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on has claimed on Wednesday that another assassination plot was being hatched to kill him the way Murtaza Bhutto was.

    Recalling his arrival at the Judicial Complex Islamabad, Khan said, “I stood outside the judicial complex’s gate for 40 minutes,” adding that he witnessed the rowdiness of “police, army and unknown people wearing CTD uniform” during this time.

    “They had the planned to take my vehicle inside the complex, close the gates, create a violent situation, and kill me in a Murtaza Bhutto-type murder,” Khan said, adding that he returned from the gate after signing the attendance register.

    Mir Murtaza Bhutto, the son and brother of former Prime Ministers Zulkfiqar Ali Bhutto and Benazir Bhutto, was killed in a police encounter in 1996 in Karachi.

    Khan also revealed that he believed the police chiefs of Punjab and Islamabad alongside their ‘handlers’ have hatched a conspiracy to kill him as they are “becoming serious about assassinating him”.

    The IGs of Punjab and Islamabad have constituted two separate squads, Khan alleged, who will join PTI workers and open fire on the police, “to provoke an armed retaliation and eventually reach [inside the house] and assassinate me, in a day or two.”

    Giving instructions to his loyalists, Khan said that they were not to provoke the police at any cost. “If the police want to approach me with any warrant or for any other matter, let them approach me directly,” adding that he would never wish any harm on his party workers. “The incumbent government and its plans to kill me have failed and now they have become jittery and taking extreme measures,” he commented.

  • Biden offers support to Uighur Muslim minority this Ramzan

    Biden offers support to Uighur Muslim minority this Ramzan

    With the start of Ramzan, United States (US) President Joe Biden has expressed solidarity with the Uighur minority in China, which his country says is being subjected to genocide by the Chinese communist authorities.

    “Together with our partners, the United States stands in solidarity with Muslims who continue to face oppression, including Uighurs in the People’s Republic of China, Rohingya in Burma, and other Muslim communities facing persecution around the world,” Biden said in a statement on Thursday. He did not mention the Muslim community in India.

    “During this sacred time of reflection, the United States also reaffirms our support to Muslim communities suffering hardships and devastation,” Biden said, referring to earthquake victims in Turkey and Syria, and flood victims in Pakistan.

    According to rights groups, Uighurs are subjected to mass imprisonment in forced labour camps and banned from expressing their cultural norms. Beijing has denied all allegations, stating the ethnic minority is not being repressed and that any security measures in the region are a response to terrorism threats.

  • ‘Moved from a small jail to a bigger one’: Asia Bibi reveals hardships, poverty in exile

    Asia Bibi has given her first interview since 2020 to New Lines Magazine. She left for Canada in 2019 after being acquitted by the Supreme Court of Pakistan in a false blasphemy case that led to a death sentence.

    Ailia Zehra writes that despite claims from right-wing groups that Bibi received funding from anti-Pakistani groups to live a comfortable lifestyle in Canada, the truth is far from it.

    Bibi was a farm labourer residing in the Nankana Sahib district in Punjab. In 2010, she was arrested under the blasphemy laws after an argument with her Muslim neighbours. In 2010, she was arrested and sentenced to death by a judge in Sheikhupura, while the verdict was upheld by the Lahore High Court.

    Local politicians like Salmaan Taseer, who was then the Governor of Punjab, and Shahbaz Bhatti, who was the Federal Minister for Minority Affairs and also a Christian, had condemned this arrest. Both were outspoken critics of the blasphemy law and vowed to release Bibi from prison. However, Taseer was shot dead by his bodyguard in 2011, while Bhatti was also assassinated the same year by the Pakistani Taliban.

    In 2018 when Bibi was cleared of blasphemy charges by the Supreme Court of Pakistan, Bibi was kept under protective custody for six months and then flown to Canada in secret where she reunited with her husband and two daughters.

    However, in this interview Bibi reveals that despite getting international support from organizations for her release, since her arrival in Canada she had not received financial support for her ailing husband and two disabled daughters. She works 14 hours a day at a menial job which is not able to cover her expenses. Her health is deteriorating because of a joint ailment.

    Bibi said that she was not able to bring her other three children with her. Her husband is unemployed and needs heavy medication without which he could get extremely sick. Bibi also got teary-eyed by opening up about not being able to visit her parents, as her mother passed away while she was in prison and her father is still in Pakistan.

    “My biggest sorrow is that I could not get to meet my father before coming to Canada. I will carry this grief in my heart for the rest of my life,” she said.

    Bibi also disclosed that there are no organizations to reach out to in order to get her children currently in Pakistan back to her, because the support she was offered at the time of her departure was limited.

    Since the three years Bibi and her family have been staying in Canada, she confessed that it has been incredibly hard to adjust to a new lifestyle because of the cultural and language barriers, especially the limited support from Pakistani authorities:

    “My husband and I are illiterate,” she confessed. “Our children could not get an education either. You could imagine how hard it would be for someone like us.”

    The article explained that although there are many government programs that provide facilities for refugees like Asia and her family, going through the process is over whelming as Bibi was not used to carrying out such procedures. On whether the Pakistani Consulate in Canada had reached out to help with facilities, Bibi said she couldn’t expect them to support her as she is still regarded as a criminal in Pakistan with extremist groups still targeting Christian communities:

    “Tehreek-e-Labbaik was asking the government to kill me,” Bibi said. “Under such circumstances, how can the government offer me support?”

    Although there was an outpouring of international support, after her escape to Canada media attention faded away and left her with little support to fend for herself and her family:

    “Many individuals who used my name to make money have also forgotten me…After my release, I felt like I had been moved from a small jail to a bigger one. During the six months I spent in protective custody, I feared I would be killed or sent back to jail.”

  • PM, president awaken spirit of service as nation celebrates Pakistan Day

    Amidst political turmoil, the 83rd Pakistan Day is being celebrated on Thursday.

    Pakistan Day is the celebration of the passing of the Lahore Resolution on March 23, 1940, when the All-India Muslim League demanded a separate nation for the Muslims of the British Indian Empire.

    According to Radio Pakistan, the day started off with a 31-gun salute in the federal capital and a 21-gun salute in provincial capitals.

    A change of guards ceremony was also held at the mausoleums of Quaid-e-Azam Muhammad Ali Jinnah and Allama Iqbal in Karachi and Lahore, respectively.

    Prime Minister (PM) Shehbaz Sharif gave a message to the country, urging the nation to pay tribute to the sacrifices of the country’s founding fathers but stressed not to lose sight of the challenges staring the country in the face.

    “The challenges are topped by a combination of economic instability and the inability to settle the rules of the game. An environment of political chaos explains why we have failed to develop our economy on a sustainable basis,” said the PM.

    The premier said that for Pakistan to “achieve great heights”, the countrymen will “have to forge unity in our ranks, equip ourselves with national purpose and vow to wage a struggle in line with the legacy of our forefathers”.

    “Today the nation pays homage to Pakistan’s founding fathers for their political wisdom, sagacity & determination to wage a relentless struggle for a separate homeland,” the premier tweeted.

    In his message to the nation, President Dr Arif Alvi recalled that the country established state institutions, made its defence impregnable, achieved nuclear deterrence, curbed terrorism, overcame the Covid-19 pandemic, and displayed the spirit of sacrifice and cooperation in the face of natural calamities.

    However, he said, we still have a long way to go to ensure the rule of law, strengthen democracy, reduce inequalities in our society, empower women, provide the rights of persons with disabilities, eradicate terrorism and extremism, ensure the political and economic stability of the country, and protect the human rights of our citizens.

    Today, we pay tribute to the founding fathers of our nation whose struggles and sacrifices led to the creation of Pakistan, he said.

    Foreign Minister Bilawal Bhutto Zardari also conveyed his wishes to the citizens on the occasion.

    In a tweet posted on Thursday, he wished for the country to “grow, prosper and thrive in peace and harmony consistent with the vision of our founding fathers”.

  • Mobile phone imports in Pakistan drop by nearly 70%

    Mobile phone imports in Pakistan drop by nearly 70%

    According to the Pakistan Bureau of Statistics (PBS), Pakistan’s import of mobile phones has decreased by 68.29 per cent during the first eight months of the current fiscal year (2022-23) compared to the same period last year.

    The value of mobile phones imported from July to February (2022-23) was US $447.855 million, whereas it was US $1412.445 million in the corresponding period of the previous year.

    In February 2023, the import of mobile phones decreased by 76.73 per cent compared to February 2022. The imports for February 2023 were valued at US $33.054 million, whereas the exports for February 2022 were US $142.033 million.

    Furthermore, the data shows that the import of mobile phones witnessed a month-on-month decline of 36.39 per cent during February 2023, as compared to January 2023, with imports valued at US $51.960 million.