Tag: recovery

  • ‘Last opportunity’ for police to recover Imran Riaz Khan: Lahore High Court

    ‘Last opportunity’ for police to recover Imran Riaz Khan: Lahore High Court

    The Lahore High Court (LHC) has said on Wednesday that it’s the “last opportunity” for Punjab Police to recover missing journalist and YouTuber Imran Riaz Khan by September 26, adjourning the hearing till then.

    Imran Riaz was arrested after May 9 riots. He was taken to the Cantt police station and then transferred to Sialkot prison.

    After that, the law officer told the court that Imran Riaz had been released from jail after taking a written undertaking on May 15.

    On May 16, the father of the anchorperson, Muhammad Riaz, filed a first information report (FIR) with the Sialkot Civil Lines police, alleging that Imran had been kidnapped.

    The FIR was registered against “unidentified persons” and police officials for allegedly kidnapping Imran, invoking Section 365 (kidnapping or abducting with intent secretly and wrongfully to confine a person) of the Pakistan Penal Code.

    Imran Riaz’s father also filed a petition in the LHC for his recovery.

  • Pakistani rupee maintains upward trend for fourth consecutive day, closes at Rs285.15 against dollar

    Pakistani rupee maintains upward trend for fourth consecutive day, closes at Rs285.15 against dollar

    According to the State Bank of Pakistan (SBP), the Pakistani currency has maintained its upward trend against the US dollar for the fourth consecutive working day in the interbank market.

    The local unit (PKR) has recovered Rs0.59 against the USD, closing at Rs285.15, while the US dollar closed at Rs285.74 on the previous day.

    In contrast, the open market has seen the dollar being sold at over Rs300. Last week, the rupee reached a record low of Rs298.93 against the US dollar.

     Experts attribute the fluctuation in the dollar rate to the deadlock over the IMF deal and ongoing political unrest in the country.

    Due to the delay in the revival of the $6.5 billion International Monetary Fund (IMF) bailout programme, Pakistan is now seeking additional funding from friendly nations.

    The staff-level agreement between the International Monetary Fund and Pakistan, initially scheduled for February 9, has been postponed.

  • Pakistan rupee recovers by one paisa against US dollar

    Pakistan rupee recovers by one paisa against US dollar

    According to the State Bank of Pakistan (SBP), the Pakistani rupee (PKR) strengthened by Rs0.01 against the US dollar in the interbank market on Tuesday.

    The local currency managed to recover and closed at Rs284.96.

    In contrast, the dollar is being traded at Rs290 in the open market.

    It’s worth noting that the rupee had reached a record low of Rs298.93 against the US dollar last week.

    Market speculation suggests that the rupee’s gains were further supported by reduced demand for foreign currency, resulting from a significant import payment between May 9 and 11, coinciding with the period of heightened political drama in the country.

    Reports indicate that the substantial dollar payment for imports had been arranged by the oil refineries. Oil imports constitute approximately one-fourth of the total import bill for a month.

    Earlier, the rupee experienced a sharp decline of 4.71 per cent or Rs14.09 in just two days (May 10-11), hitting a record low of Rs298.93/$ due to worsening political turmoil and deteriorating law and order following the arrest of former Prime Minister Imran Khan. However, the rupee managed to recover some of its losses after Khan’s release on May 12, as ordered by the court.

  • PSX surpasses 43,000-mark as IMF tranche inches closer

    PSX surpasses 43,000-mark as IMF tranche inches closer

    As trading began on Monday, the Pakistan Stock Exchange (PSX) resumed its upward trend, rising more than 700 points to cross the 43,000-mark.

    The benchmark KSE-100 index gained 764.25 points, or 1.78 per cent, from its previous finish of 42,857.57.

    PSX – August 15, 2022

    The benchmark KSE-100 index increased by 731.54 points, or 1.71 per cent, by 2:13 pm to reach 43,589.11 points, according to the PSX website.

    Additionally strengthening by Rs1.51, the Pakistani rupee (PKR) ended the day at Rs213.98. Since last week, the local currency has been steadily rising against the US dollar.

    Rupee latest closing -August 15, 2022

    The IMF’s letter of intent and Saudi Arabia’s pledge of more support were among the good developments over the weekend that contributed to the index’s strong start.

    The rupee’s robust rebound and the IMF tranche anticipated at the end of this month can be credited for the upward trend.

  • PSX resumes recovery as KSE-100 index gains 670.87 points

    PSX resumes recovery as KSE-100 index gains 670.87 points

    The KSE-100 increased for the fourth consecutive session on Friday as the rupee continued to strengthen against the US dollar, maintaining positive investor confidence at the Pakistan Stock Exchange (PSX).

    The price of WTI crude oil was $87.95 per barrel during the day, while Brent crude oil was being sold at $93.75 per barrel, bringing the global oil prices to multi-month lows.

    The domestic equities market gained 670.87 points, or 1.62 per cent, to close at 42,096.24 points as a result of this development.

    The Pakistani currency’s ongoing rebound, which continued for the sixth day in a row against the US dollar, provided additional support for the market.

    Despite initial selling pressure on the market and a period of time in which the KSE-100 index traded flat, investor interest picked up toward the end of the first session, and the market closed roughly 300 points higher.

    The rise gained momentum in the second session, which enabled the index to pass the 42,000-point threshold and conclude with significant gains.

    The day ended strongly for index heavyweights in the banking, fertiliser, cement, chemical, automobile, and cement industries. On a weekly basis, the benchmark KSE-100 increased by 4.85 per cent. Capital Stake said that the PSX had strong sentiment for the fourth straight session.

    According to Topline Securities’ analysis, Pakistan’s stocks saw good momentum as a result of softening global energy prices for coal and oil, which experienced some correction.

    The decline enabled the market maintain its purchasing mood from Thursday and helped the KSE-100 index conclude the day at 42,096 points.

  • NAB reports Rs864 billion recovery since inception

    NAB reports Rs864 billion recovery since inception

    Since its formation, the National Accountability Bureau (NAB) has recovered Rs864 billion from corrupt elements, directly and indirectly.

    The anti-graft watchdog, NAB has collected Rs584 billion during the tenure of incumbent Chairman Justice Javed Iqbal.

    Due to the NAB’s aggressive prosecution, the Accountability Courts penalized 1,405 accused persons and imposed substantial fines on them, as per a NAB spokesman.

    In the Accountability Courts, NAB has a 66 per cent overall conviction rate. NAB received a total of 405,768 complaints since its formation. A total of 405,212 complaints were handled. The inquiry of 556 complaints is still ongoing.

    100,865 complaints have been acknowledged by the NAB. There were around 100,425 complaints investigated. While 779 complaints were still being investigated. 9883 queries have been approved by NAB.

    8,953 queries were followed through to completion. A total of 930 inquiries were investigated.

    NAB allowed 4,547 investigations since its establishment. A total of 42,100 investigations have been completed. While working on 346, the probe is still ongoing. Since its founding, the NAB has filed 3,645 referrals in accountability courts. 2,398 references were disposed of in accordance with the law. Currently, 1,237 referrals worth Rs1,335 billion are being tried in various accountability courts.

  • Tiger Woods opens up about his ‘painful’ experience in rehab

    Tiger Woods opens up about his ‘painful’ experience in rehab

    Tiger Woods has opened up about his “painful” experience in rehab following a near-fatal car crash back in February.

    “This has been an entirely different animal,” Tiger told Golf Digest on May 27. “I understand more of the rehab processes because of my past injuries, but this was more painful than anything I have ever experienced.”

    According to details, one doctor who treated the 45-year-old athlete said that he suffered extensive injuries in his leg and foot, which required serious surgery.

    A crash report later revealed that Tiger was also “knocked unconscious, laceration to the lower front jaw, bruised right and left rib cage, fractured right tibia and fibula, possible right ankle injury.” He spent time in two different hospitals before returning to Florida to recover.

    “My physical therapy has been keeping me busy. I do my routines every day and am focused on my number one goal right now: walking on my own. Taking it one step at a time,” he explained, noting that the support from both friends and fans has been “incredible … I have had so much support from people both inside and outside of golf, which means so much to me and has helped tremendously.”

    Earlier in April, Tiger was spotted for the first time since the accident, rocking a leg brace and crutches as he returned to the golf course. He flashed a big smile as he posed next to his “rehab partner,” his dog Bugs. “My course is coming along faster than I am,” wrote Tiger. “But it’s nice to have a faithful rehab partner, man’s best friend.”

  • VIDEO: PM admits flouting COVID-19 SOPs, which led to him getting infected

    VIDEO: PM admits flouting COVID-19 SOPs, which led to him getting infected

    Disclosing how he got infected during the third wave of the coronavirus pandemic in Pakistan, Prime Minister (PM) Imran Khan has admitted flouting SOPs during the recently-held Senate elections.

    Saying that the third wave of COVID-19 was more severe than any previous ones, the premier, in a televised message, urged people to strictly follow government-issued SOPs as the country could not afford complete lockdown.

    “We should strictly adhere to the SOPs, including wearing masks and avoiding gatherings as we did in the past,” he said and added that the number of COVID-19 patients was rising at a very fast pace.

    Admitting he flouted SOPs during the upper house polls and that was how he and the first lady got infected, the premier said both his wife and him, with the blessings of Allah, were now feeling much better.

  • Usman Mukhtar recovers from COVID-19

    Usman Mukhtar recovers from COVID-19

    Usman Mukhtar has recovered from COVID-19, ten days after testing positive for the virus.

    Read more – Pakistani celebrities who recently tested positive for COVID-19

    In a social media update, the actor said: “By the grace of God and your best wishes my COVID test came out negative.”

    “I am overwhelmed by your support; the journey itself has been overwhelming,” he added.

    Usman also urged fans to be safe.

    “Please stay safe and stay healthy. It’s important for us to consider this is not just for ourselves but also for people around us.”

    Mukhtar had tested positive for COVID-19 on October 29. Earlier, on October 5, the actor had shared that he was “feeling much better and getting stronger everyday”.

  • 103yo Pakistani becomes one of world’s oldest coronavirus survivors

    103yo Pakistani becomes one of world’s oldest coronavirus survivors

    A 103-year-old man has recovered from COVID-19 in Pakistan to become one of the oldest survivors of the disease in the world, beating the odds in a country with a weak healthcare system, his relatives and doctors said.

    Aziz Abdul Alim, a resident of a village in the mountainous northern district of Chitral, was released last week from an emergency response centre after testing positive in early July.

    “We were worried for him given his age, but he wasn’t worried at all,” Alim’s son Sohail Ahmed told Reuters on the phone from his village, close to the border with China and Afghanistan.

    Ahmed quoted his father as saying that he had been through a lot in life and the coronavirus did not scare him. He did however, not like being in isolation.

    READ: Pakistan’s secret to ‘flattening the curve’

    A carpenter until his 70s, Alim has outlived three wives and nine sons and daughters, said Ahmed, who is himself in his 50s, adding that his father had separated from his fourth wife and is currently married to his fifth.

    Alim also had to be provided with moral and psychological support during his isolation and treatment, Dr Sardar Nawaz, a senior medical officer at the Aga Khan Health Service emergency centre told Reuters on Friday.

    The makeshift centre was set up in a girls’ hostel just weeks before Alim was brought in and is the only one equipped to deal with COVID-19 patients for miles.

    Pakistan has registered more than 270,000 cases of the disease and 5,778 deaths. While the number of people testing positive has dropped over the last month, government officials fear there could be another rise during the Eidul Azha holidays and Muharram.