Tag: Pakistan

  • Pakistan may receive $2.5 billion loan from Asian Development Bank

    Pakistan may receive $2.5 billion loan from Asian Development Bank

    The Asian Development Bank (ADB) has hinted at providing $2.5 billion in additional loans to Pakistan. However, the government must obtain a good economic health certificate from the International Monetary Fund (IMF) in order to receive the loan. Following a meeting between Minister of State for Finance and Revenue Dr Aisha Ghous Pasha and ADB Country Director Yong Ye, a statement was released.

    “The ADB indicated the additional support of $2.5 billion for the next fiscal year, from which $1.5 billion to $2 billion can be available in the ongoing calendar year,” said the Ministry of Finance in a statement.

    The ADB has suggested that it could lend $1.5 billion under the Counter Cyclical Finance Facility and another $400 million via energy sector policy loans, according to sources in the finance ministry.

    On May 3, the ADB board of directors authorised the Counter Cyclical Finance Facility with Pakistan receiving a combination of concessional and commercial financing. However, the ADB board’s approval of the $1.5 billion loan will be conditional on Pakistan’s debt burden being manageable and the country’s fiscal policies not being reckless – two factors that will necessitate frantic efforts to meet.

  • ‘Comments on Faiz Hameed made by politicians very inappropriate’: ISPR

    ‘Comments on Faiz Hameed made by politicians very inappropriate’: ISPR

    Inter-Services Public Relations (ISPR) has said that the Peshawar Corps was an “illustrious formation” of the army and was spearheading the national war against terrorism for over two decades.

    “One of the most competent and professional officers is entrusted with the responsibility to lead this prestigious formation. Imprudent comments made by important senior politicians recently about [the] Peshawar Corps commander are very inappropriate,” the ISPR said.

    “It is expected that the senior political leadership of [the] country refrains from passing objectionable remarks against the institution, whose brave officers and men are constantly putting their lives on the line to guard the integrity and sovereignty of Pakistan,” read the statement.

    ISPR Director General (DG) Major General Babar Iftikhar reiterated that “many statements” were made in the last few days by the country’s politicians and termed them “highly inappropriate”.

    “It must be clarified that there is no problem with fair criticism,” the military spokesperson said, lamenting that social media was being used to create propaganda instead of mere criticism.

    “We, as an institution, have nothing to do with the political situation of the country,” he said, adding that the institution was showing “tolerance and restraint and requesting that the army is not dragged into politics”.

    The appointment of the next army chief should not be made “controversial” by turning it into a topic of debate. He said the procedure for the appointment of the army chief had been outlined in the Constitution, adding that it would take place in accordance with the law.

    On Wednesday, Pakistan People’s Party co-chairperson Asif Ali Zardari had been asked about Lt Gen Hameed at a press conference in Karachi and had replied with: “The helpless Faiz Hameed has been sidelined.”

    Maryam Nawaz on Thursday said that the army chief should be a person who had a “flawless reputation”, free from any criticism or doubts.

    Maryam made these remarks in a press conference outside the Islamabad High Court on Thursday while answering a question about Defence Minister Khawaja Asif’s comments, wherein he had said that former Inter-Services Intelligence (ISI) chief Lt Gen Faiz Hameed’s name could be considered for the new army chief.

    She said that the Pakistan Army is a respected institution and added that “the whole nation looks at the armed forces for the stability and security of the country”.

    The PML-N leader reiterated that the army chief should be a person who has a “flawless reputation” and who is good for the people, country, and the institution.

  • 49 buses arrive Karachi for Orange Line BRT, intra-city service

    49 buses arrive Karachi for Orange Line BRT, intra-city service

    A total of 49 buses procured for the Orange Line BRT project and the Intra-District Peoples Bus Service reached Karachi port on May 11.

    In June 2016, Syed Qaim Ali Shah laid the foundation stone for the Orange Line, predicting that the project will be finished in a year.

    After six years, the project is still unfinished. The Sindh Mass Transit Authority (SMTA) and contractors had originally been granted until November 2021 to complete the building of the Orange Line BRT track, however, they had missed the deadline.

    The provincial minister has directed the SMTA to finish the civil and electrical work for the Orange Line BRT by the end of this month. The Orange Line BRT is named after Abdul Sattar Edhi.

    Read more: CNG prices pushed to Rs140 per kg for sales tax collection

    As the 49 buses landed at the port, Sindh Transport and Information Minister Sharjeel Inam Memon tweeted that the remaining buses were on their way and will come in phases over the coming months.

  • ‘Elections can be held before next appointment of COAS’: Khawaja Asif

    ‘Elections can be held before next appointment of COAS’: Khawaja Asif

    The newly-appointed Defence Minister Khawaja Asif, who is currently in London, hinted at early elections by saying, “It is possible that we [government] hold elections before the [new] Chief of Army Staff (COAS)’s appointment [which is in November]”

    In an interview with BBC Urdu, the federal minister added, “It is also possible that the [current] caretaker government is gone by then and the new government is in power before November.”

    About the extension of the current COAS General Qamar Javed Bajwa, Asif stated Bajwa had already clarified that he does not want his tenure to be extended. He said the government welcomed his announcement.

    It is pertinent to mention that Bajwa’s three-year tenure will come to an end on November 29 this year. He was given an extension by the former government in 2019.

    ‘If Lt Gen Faiz Hameed’s name is on seniority list, can consider him for the post’: Khawaja Asif

    Upon asking whether Pakistan Muslim League-Nawaz (PML-N) considers Lt Gen Faiz Hameed’s name for the post of COAS, Asif disclosed if his [Faiz] name is on the seniority list, it will definitely be considered.

    “If the defence minister brings the names of five officers to the prime minister, and the army recommends Lt Gen Faiz Hameed’s name as well, then I don’t think the defence ministry or the Prime Minister (PM) have the space left to say anything”, he said while adding that “all names on the list will be considered.”

    When asked about previous PML-N’s claims that Hameed, was behind former PM Nawaz Sharif’s ouster, Asif said it was unfortunate that the party’s politics were “dragged into this or red lines were mixed in our past experiences”.

    The army should not become a topic of discussion in the public domain, he said, adding that “they say names should not be taken at the party level.”

    Asif said he believed the process for appointing COAS should be “institutionalised” similar to the judiciary.

    “This process should 100 per cent be based on merit. This is a big and very important issue”, he was quoted saying by BBC.

    There are several reports that suggest that former PM Imran Khan wanted Lt Gen Faiz Hameed to take over the post of COAS.

    ‘Imran Khan wanted to bring an army chief of his choice’: Khawaja Asif

    During the interview, the minister claimed that former PM Imran Khan wanted to bring an army chief of his choice from the list of names recommended to him by the army.

    About Imran Khan’s anti-establishment statements, he termed them “shameful”, called Khan “paranoid” and said: “He wants to stay in power and for institutions to provide him with crutches.”

    Moreover, Asif alleged that the establishment had brought Imran as an alternative to traditional politicians. “The establishment thought he [Imran Khan] is new to politics and will bring “freshness” to the politics of Pakistan,” he said.

    ‘Imran Khan didn’t interfere in army’s internal matter’: Fawad Chaudhry

    While reacting to Asif’s recent interview, former Information Minister and PTI leader Fawad Chaudhry clarified that from day one former PM Imran Khan didn’t interfere in the army’s matters.

    “We have also hoped that the sector [army] remains strong”, he said while adding that Khan and Bajwa always shared a respectful relationship and both of them agreed to each other’s suggestions.

    About Khan’s preference for COAS, Chaudhry said, “If Asif thinks that way, it is his personal opinion.”

    Moreover, the PTI leader hailed the revelations made by Asif. Chaudhry said that there are some people in PML-N who wants early elections and understand this government can’t continue like this.

  • CNG prices pushed to Rs140 per kg for sales tax collection

    CNG prices pushed to Rs140 per kg for sales tax collection

    The Federal Board of Revenue (FBR) has raised the sales tax rate on compressed natural gas (CNG) supplies to customers.

    On Tuesday, the FBR published S.R.O. 587(I)/2022 to replace S.R.O. 39(I)/2022, which was issued on January 8, 2022. It has amended the value of compressed natural gas (CNG) supply to consumers in order to charge sales tax from CNG stations.

    It has set the value of supply to CNG customers in order for gas generation and distribution businesses to charge sales tax from CNG stations.

    CNG rates

    The price of CNG in Region-I, which includes Khyber Pakhtunkhwa, Balochistan, and Potohar, has been raised from Rs134.57 per kg to Rs140 per kg (Rawalpindi, Islamabad, and Gujar Khan).

    Read more: Pakistani Rupee crashes to a record low against US dollar 

    Moreover, the cost of CNG has been raised from Rs128.11 per kg to Rs135 per kg in Region-II, which covers Sindh and Punjab except for the Potohar region.

  • Pakistani Rupee crashes to a record low against US dollar 

    After a fourth consecutive session of losses on May 10, Pakistan’s currency hit an all-time low in the interbank market due to a lack of clarity on foreign cash inflow and a stronger US dollar.

    The rupee ended the day at Rs188.66, down Rs1.13, or 0.60 per cent, according to the State Bank of Pakistan (SBP). After a 0.48 per cent decline on Monday, the rupee finished at Rs187.53. Prior to Tuesday, the PKR’s lowest closing was Rs188.18 on April 7, 2022.

    Oil prices, a key indicator of currency parity, dipped in tumultuous trade on Tuesday as the market weighed the impact of expected European Union penalties on Russian oil against demand concerns stemming from China’s coronavirus lockdowns, a strong dollar, and rising recession threats.

    Read more: Pakistani rupee nearing an all-time low

    Despite the decline, the price of oil remains far above $100 per barrel, a high level for oil-importing nations like Pakistan, which is already grappling with a growing current account deficit and dwindling foreign exchange reserves.

  • Nawaz summons party leadership, PM Shehbaz on his way tonight

    Nawaz summons party leadership, PM Shehbaz on his way tonight

    Pakistan Muslim League-Nawaz (PML-N) supreme leader Nawaz Sharif on Tuesday called an emergency meeting of the party and summoned the central leadership including Prime Minister Shehbaz Sharif to London, reports Geo News.

    As per media reports, Nawaz Sharif declined the proposal of a video link meeting and directed the central leadership of the party to reach London. PML-N leader Shahid Khaqan Abbasi is already in London while PM Shehbaz Sharif, Ahsan Iqbal, and Mariyyum Aurangzeb are likely to leave for London in a day or two.

    Nawaz Sharif has reservations on some issues and the PML-N leadership has gone to discuss them with him, reports the news outlet. After being summoned by Nawaz Sharif, Prime Minister Shehbaz Sharif will leave for London tonight.

    

    
			
    
		
    
		
	
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    Covid rise: PM orders reopening of National Command and Operation Center
    
			
    Covid rise: PM orders reopening of National Command and Operation Center
    
			
    Prime Minister (PM) Shehbaz Sharif has ordered the immediate restoration of the National Command and Operation Centre (NCOC)  after Pakistan reports its first case of the Covid Omicron sub-variant. The NCOC was disbanded in March after covid cases were on the decline.
    

    According to a statement issued by the Prime Minister’s House, the premier took notice of the new variant of Omicron and its growing cases. “He has also sought a report from the National Institute of Health (NIH) over the current Covid-19 situation,” it said.
    

    

    
https://twitter.com/PMO_PK/status/1523912826787667968?s=20&t=TXvYAouDrl9564PVgoXaQw

    

    

    Pakistan detected its first case of Omicron sub-variant on Tuesday.
    

    “NIH has detected the first case of Omicron sub-variant BA.2.12.1. This new sub-variant is causing an increasing number of cases in different countries.” NIC also advised citizens to take preventive measures.
    

    NCOC, which was tackling Covid-19 in Pakistan, was shut down on March 31.
    

    On March 16, NCOC decided to lift all the Covid-19 related restrictions amid the decline in cases.
    

    
			
    
		
    
		
	
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    Who is going to be the next governor of Sindh?
    
			
    Who is going to be the next governor of Sindh?
    
			
    The Pakistan Muslim League-Nawaz (PML-N) led government has decided to appoint their party ally Muttahida Qaumi Move­ment-Pakistan’s (MQM-P) senior leader Nasreen Jalil as the governor of Sindh.
    

    If Jalil becomes the next governor, she would be the second female governor in the province’s history after the first Prime Minister (PM) Liaquat Ali Khan’s wife Begum Raana Liaquat Ali Khan who served in the 1970s.
    

    The office of the Sindh governor fell vacant on April 12 when Pakistan Tehreek-e-Insaf’s (PTI) leader Imran Ismail resigned, hours before PM Shehbaz Sharif took oath as the premier of Pakistan.
    

    Nasreen Jalil was born in Lahore but she spent most of her time in Karachi. In her childhood, she lived in London. She went to Paris for her education. She joined MQM and started her political career in Karachi. She served as a senator two times. Nasreen Jalil had been elected as chairperson of the Senate Standing Committee on Human Rights in 1994 and 2012.
    

    Following the news, the former Information Minister Fawad Chaudhry took to Twitter, saying the “crime minister” has proposed the name of Nasreen Jalil as Sindh governor. He claimed that Jalil had written a letter to the Indian high commissioner on June 18, 2015, and sought ‘help’ against Pakistan’s law enforcement agencies.
    

    

    


    

    

    

    Similarly, PTI’s Imran Ismail and former Sindh governor said that it appears that in order to become part of the present government it has become ‘imperative’ that one should be on bail or an “expert of vicious attacks” on security institutions.
    

    

    


    

    

    

    Responding to Ismail’s tweet, Federal Minister for Maritime Affairs Senator Faisal Subzwari cleared that the letter was written to all diplomats.
    

    He admitted that it was the party office’s mistake that the name of the Indian diplomat was not excluded from the list of diplomats. However, this letter surfaced in 2015 and its contents were before everyone.
    

    

    


    

    

    

    
			
    
		
    
		
	
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    Legal action to be taken against Imran’s anti-state speech, PM Shehbaz Sharif
    
			
    Legal action to be taken against Imran’s anti-state speech, PM Shehbaz Sharif
    
			
    Prime Minister (PM) Shehbaz Sharif has decided to take legal action against former PM Imran Khan’s speech during a rally in Abbottabad held on Sunday. PM Shehbaz termed Khan’s address a grand conspiracy against Pakistan.
    

    PM Shehbaz said those concocting a narrative against national institutions were the real Mir Jaffars and Mir Sadiqs. He said the state of Pakistan, the Constitution of Pakistan, and the respected institutions of Pakistan were challenged by Imran Khan in Abbottabad on Sunday.
    

    

    


    

    

    

    Shehbaz said what Khan was doing could only be categorised as a conspiracy, not politics and this conspiracy was not against any political rivals but against the country.
    

    “Pakistan cannot be surrendered and compromised over one person’s ego, arrogance, and blatant lies. Imran first conspired to destroy the economy of the country and is now planning to trigger a civil war in Pakistan”, said the premier.
    

    PM Shehbaz pledged that these nefarious designs of Imran Khan would be crushed. “Imran is this era’s Mir Jaffar and Mir Sadiq who wants Pakistan to face the same fate as Libya and Iraq,” added Shehbaz.
    

    The premier went on to say that Imran Khan was digging holes in the very boat he is riding and biting the hand that feeds him. 
    

    “The people of Pakistan, the Constitution, and the institutions of Pakistan are not slaves of Imran Niazi, nor can he hold them hostage.” He slammed Imran’s speech and said he would not be allowed to become the Hitler of Pakistan.
    

    ‘Extremely damaging’, army condemns practice of defamatory remarks about them
    

    Inter-Services Public Relations (ISPR), in a press release on Sunday, noted that “intensified and deliberate attempts have recently been made to drag Pakistan Armed Forces and their leadership by some political leaders, journalists and analysts into the ongoing political discourse in the country”.
    

    The military’s media wing termed this practice as “extremely damaging”. 
    

    “This practice of unsubstantiated, defamatory and provocative statements/remarks is extremely damaging,” the ISPR condemned while adding that army takes “strong exception to such unlawful and unethical practices”.
    

    “These attempts are manifest through direct, insinuated, or nuanced references to the armed forces as well as their senior leadership, made by some political leaders, a few journalists and analysts on public forums and various communication platforms, including social media”, the statement reads.
    

    Moreover, it said that the army “expects all to abide by the law and keep the armed forces out of political discourse in the best interest of the country”.
    

    Since the episode of the removal of former Prime Minister (PM) Imran Khan, on several occasions, the establishment has urged the public not to drag them into political matters and clearly said that there is no involvement from their side in politics. 
    

    The statement came hours after Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan’s statement about the concept of neutrality, saying that God hadn’t permitted human beings to remain neutral when the time comes to stand up for justice and support the good. 
    

    This is not the first time that Khan has made such comments. He once claimed that only animals can stay neutral and that humans either side with good or evil.