Tag: Sindh

  • Gold price hits new all-time high of Rs187,200 per tola

    Gold price hits new all-time high of Rs187,200 per tola

    For the first time in Pakistan’s history, the price of gold passed Rs187,000 per tola.

    On Monday, the price of 24-carat gold per tola increased by Rs3,300, reaching an all-time high of Rs187,200 compared to the last trading day’s sale of Rs183,900.

    According to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold increased by Rs3,300 per tola and Rs2,829 per 10 grammes, respectively, to settle at Rs187,200 and Rs160,494.

    From Rs126,000 per tola on December 31, 2021, the yellow metal has increased by Rs57,900, or 45.95 per cent .

    According to the group, the price of gold in Pakistan has been “overcost” by Rs6,500 per tola when compared to pricing in Dubai. This indicates that the price of gold in Pakistan is currently higher than it is on the global market.

    The discrepancy between the official price of gold and the price it is being sold for is growing. The official price in the Sarafa market, as announced by the association, is Rs187,200 per tola. But the price at which it is being sold is reportedly higher.

    According to Geo, due to the rupee’s depreciation against the US dollar during the present cycle, financial experts and goldsmiths predict that the price of gold may increase to Rs200,000 per tola.

  • National Security Council meeting tomorrow as terrorism on rise

    National Security Council meeting tomorrow as terrorism on rise

    The National Security Council (NSC) is set to hold a meeting on Friday (tomorrow) as terrorist activities in Pakistan continue to rise.

    The council will discuss a strategy to combat the new wave of terrorism in the country along with reviewing the situation at the Pak-Afghan border.

    The country’s federal ministers, military brass, and representatives from the security apparatus will attend the meeting, chaired by the head of government—Prime Minister (PM) Shehbaz Sharif.

    Pakistan is facing a resurgence of terrorism since the militant Tehreek-e-Taliban Pakistan (TTP) called off its ceasefire with the government in late November.

    Currently, security is on high alert in Islamabad after a foiled suicide bomber blew himself up while threats have also hit Karachi, Hyderabad, and Sukkur.

  • ‘Unconventional politician’: Twitter praises Governor Sindh for giving bath to his toddler

    ‘Unconventional politician’: Twitter praises Governor Sindh for giving bath to his toddler

    Governor of Sindh, Kamran Tessori, shared a video of him giving bath to his son. In the video the Governor can be seen giving a bath to his son in a sink. Tessori does not reveal his son’s face to the camera.

    “Being present for your family as a father & husband is important. We want to create examples for our children especially boys to become an equally responsible partner at home,” he wrote in the caption of the post.

    Twitter is praising him for being a loving father. Have a look at the Twitter reactions:

  • After Islamabad and Balochistan, threat of terrorism reaches Karachi

    After Islamabad and Balochistan, threat of terrorism reaches Karachi

    The Sindh government has informed provincial police and DG Rangers that three banned organisations have planned major terrorist incidents in three major cities of the province—Karachi, Hyderabad and Sukkur.

    According to an official letter sent to the concerned authorities, the banned organisations include Baloch Revolution Army, Baloch Raaji Ajoi Sanga and Sindh Revolution Army.

    Moreover, the letter stated that the aforementioned organisations have also distributed arms and ammunition to their associated terrorists.

    On the other hand, Islamabad Police on Tuesday issued a “special security plan” after analysing the current security situation of the capital.

    The law enforcement agency said that at least 25 temporary security check posts have been established at different locations in Islamabad.

    Authourities will be using safe city cameras to record traffic at Red Zone entrances while the videos of metro bus service passengers will also be recorded.

    The police have also requested residents and foreigners to carry their identification documents.

    Since the suicide attack in Islamabad on December 23, multiple foreign missions including the United States (US) Saudi Arabia and Australia have advised their citizens and staff to limit their movement in the capital.

    Pakistan is facing a resurgence of terrorism since the militant Tehreek-e-Taliban Pakistan (TTP) called off its ceasefire with the government in late November.

  • World Bank approves $1.69 billion financing for flood-hit Sindh

    World Bank approves $1.69 billion financing for flood-hit Sindh

    The Board of Executive Directors of the World Bank approved funding for five projects totaling $1.692 billion on Tuesday in order to support those residing in Sindh, Pakistan’s flood-affected areas.

    According to Geo, out of the five initiatives, three support rehabilitation, home reconstruction, and the restoration of crop production for vulnerable populations, according to a statement released by the World Bank. Two of the three projects have a combined value of $500 million, while the third is worth $292 million.

    “Sindh was the province worst affected by the 2022 floods. There were huge damages to the housing, health, and agriculture sectors and people lost their livelihoods. Beyond the rehabilitation and reconstruction of damaged houses and infrastructure, our engagement in the flood response effort is an opportunity to strengthen resilience, and reform institutions and governance structures”, said Najy Benhassine, World Bank Country Director for Pakistan.

    The “Sindh Flood Emergency Rehabilitation Project,” which will cost $500 million, will prioritize creating short-term livelihood opportunities and enhancing the province’s ability to respond to emergencies.

    “The project will help restore and improve critical irrigation and flood protection infrastructure, water supply schemes, roads, and related infrastructure. At least 2 million people—approximately 50 per cent of whom are women—in the most flood-affected districts will benefit from the restoration and the resilient reconstruction of critical infrastructure”.

    About 100,000 households will get short-term financial support through a community-level cash-for-work program.

    “The $500 million Sindh Floods Emergency Housing Reconstruction Project will support owner-driven and multi-hazard resilient reconstruction of core housing units. A housing subsidy will provide reconstruction and restoration grants for 350,000 housing units (almost 20 per cent of the total housing rehabilitation needs for Sindh). Cash grants will be provided for houses with structural damage to partially finance reconstruction or restoration. “

    To increase access to water and sanitation, twin pit latrines and simple rainwater collection systems will also be provided.

    Furthermore, the $292 million approved for the “Sindh Water and Agriculture Transformation Project” will enhance integrated water resource management, boost agricultural water productivity, and enable farmers who were impacted by the flood to resume crop production.

    “More than 385,000 households (approximately 1.9 million people) are expected to benefit from the project. As an immediate response to the floods, the project will provide cash transfers to approximately 300,000 flood-affected farming households to help restore crop production through the purchase of seeds, fertilizer, and other critical inputs. In the medium term around 70,000 households will benefit from improved irrigation services and agricultural support that will help boost farming income. An estimated 14,000 households will receive direct financial benefits from the pilot smart subsidy schemes targeting small- and medium-sized farmers,” the WB said.

    By improving access to and use of mother and child health services, the Sindh Strengthening Social Protection Delivery System Project ($200 million) will also boost the province’s social protection delivery system. As part of the project, the Federal National Database Registration Authority will be aligned and connected, and conditional cash transfers (CCTs) will be given to 1.3 million mothers and their kids to support better maternal and child health outcomes, particularly in the wake of service disruption caused by the floods.

    The CCTs will be made available to Sindh’s bottom 15 districts, selected depending on the Multidimensional Poverty Index (MPI), and will cover 65 per cent of the province’s total flood-affected areas. They are intended to help lessen the effects of the floods, particularly food insecurity, and to maintain access to maternal and child health services open.

    The Sindh Integrated Health and Population Project have been granted $200 million by the lender. The project will assist in raising the standard and uptake of fundamental nutrition, and maternal, neonatal, child, and adolescent health care. Additionally, it will aid in the repair and reconstruction of health infrastructure that was harmed during the floods and impeded the provision of these services.

    The initiative would enhance the population’s access to high-quality healthcare services in Sindh’s flood-affected settlements as well as in distant and peri-urban areas, particularly for women, girls, and children.

    “The World Bank will continue to support the Government and people of Pakistan to recover from the recent flood emergency and strengthen long-term resilience to such climate-related shocks,” the statement concluded.

  • Asad Umar accuses govt of wasting eight months in starting Sukkur-Hyderabad motorway project

    Asad Umar accuses govt of wasting eight months in starting Sukkur-Hyderabad motorway project

    Prime Minister (PM) Shehbaz Sharif inaugurated the 306-kilometre Sukkur-Hyderabad M6 motorway on Monday. The Rs307 billion project is expected to bring economic benefits in terms of saving significant travel time.

    During the ceremony, the premier said, “I ask Sindh Chief Minister Murad Ali Shah to keep an eye on the entire project so that quality is maintained and the project is completed in a timely manner.”

    The premier also said that the project should be completed within 30 months. He also said that it is being completed under a public-private partnership agreement.

    He credited his brother and former PM Nawaz Sharif for laying the foundation of constructing motorways in the country. Moreover, he pointed out that this project was unnecessarily delayed by the previous government.

    It is pertinent to mention that the project was announced by the then PM Imran Khan last year, and is being described as the biggest project in the development package announced by him.

    Ahead of the PM’s address, Pakistan Tehreek-e-Insaf (PTI) senior leader and former planning minister Asad Umar congratulated the people of Sindh for the start of work on the motorway but highlighted the delay of this project by the incumbent government.

    Taking to Twitter, he said Public Private Partnership Board gave approval for the project on 31st March 2022. “Before this, the contractor was also selected. Now after wasting 8 months, the imported government is starting work,” he wrote.

  • Police ranked Pakistan’s most corrupt sector once again in 2022

    Police ranked Pakistan’s most corrupt sector once again in 2022

    Police were found to be on the top rung of the corruption ladder in Pakistan, according to Transparency International Pakistan’s (TIP) National Corruption Perception Survey (NCPS).

    The police ranked the highest in the previous year’s survey as well.

    According to Geo, education was identified as the “most corrupt” sector in Sindh, followed by the police and tendering and contracting, according to a provincial analysis of the three “most corrupt” sectors.

    In Punjab, the police once more took first place, followed by tendering and contracting and the courts.

    The judiciary was thought to be the most corrupt institution in Khyber Pakhtunkhwa, with the police coming in second and tendering and contracting coming in third.

    In Balochistan, contracting and tendering claimed the top spots, with the judiciary and police coming in second and third, respectively.

    The 2022 survey was given to partner organisations by TI Pakistan’s chairman, Justice (retd) Zia Pervez, with the aim of boosting the NCPS’s legitimacy and educating partner organisations on public survey processes.

    He hoped that other government agencies would use the survey’s findings to implement reforms.

    “This will help in reducing corruption and making the lives of the public a little better,” he said.

  • Majority of fatal accidents in Karachi involved motorcycles: report

    Majority of fatal accidents in Karachi involved motorcycles: report

    More than 180 people were killed and over 150 were injured in 215 traffic accidents in Karachi during the current year.

    The majority of the 91 traffic incidents, which resulted in 69 fatalities and 77 injuries, occurred in district west. In a similar manner, truck collisions resulted in the deaths of 41 individuals and 10 injuries.

    According to Express Tribune, there were a total of 141 motorcycle accidents, 110 of which were fatal, resulting in 130 fatalities and 84 injuries.

    A total of 215 traffic incidents in various parts of the city from January 1 to November 27, 2022, resulted in 184 fatalities and 152 injuries, according to information provided by the Traffic Police.

    In Traffic Zone West, where there were 91 traffic incidents overall, 69 people died and 77 were hurt. A total of 36 traffic incidents occurred in the district of Malir, 34 of which were fatal, resulting in the deaths of 41 people and the injuries of 29 others.

    The data show that the Traffic Zone of District East reported 26 accidents, 21 of which resulted in fatalities, and 13 of which resulted in injuries. Similar to this, there were 19 traffic incidents in district central, resulting in 18 fatalities and 9 injuries. In Korangi, there were a total of 17 traffic incidents, which resulted in 14 fatalities and 9 injuries.

    In district south, there were about 20 traffic accidents that resulted in 16 fatalities and 12 injuries, while only three people were hurt in six accidents in the city district.

    Data from the traffic police show that 35 traffic accidents—the maximum number—involved collisions with trucks, resulting in 41 fatalities and 10 injuries. Similar to the previous example, 23 traffic accidents involving trailer collisions resulted in 20 fatalities and 15 injuries.

    Due to collisions with water tankers, a total of 21 accidents occurred, resulting in 14 fatalities and 16 injuries. The same is true for 17 accidents involving dumpers, which resulted in 15 fatalities and 8 injuries, and 17 accidents involving oil tankers, which resulted in 15 fatalities and 19 injuries.

    The collision with the buses resulted in a total of 14 traffic accidents, 12 of which resulted in fatalities and four in injuries. In addition, 12 people lost their lives and 31 were hurt in 16 accidents caused by collisions with minibuses, and 5 people lost their lives in 8 accidents caused by collisions with coaches.

    The data indicates that 23 traffic accidents involving car and jeep collisions resulted in 19 fatalities and 16 injuries. As a result of the collision with unknown vehicles, 20 people were killed and 5 were injured in a total of 20 traffic accidents.

    Up to 10 accidents involving motorcycle collisions resulted in four fatalities and five injuries. Similar to this, ten traffic accidents using Suzuki trucks resulted in six fatalities and nine other injuries. The majority of traffic accident reports involve victims on motorcycles.

    According to the data, 110 out of 141 motorcycle-related traffic accidents that occurred during the current year were fatal, resulting in 130 people losing their lives and 84 others being injured.

  • Gold price hits new all-time high of Rs164,200 per tola

    Gold price hits new all-time high of Rs164,200 per tola

    Despite a $4 decline in the international market price to $1,794 per ounce, domestic gold prices rose to an all-time high of Rs164,200 per tola and Rs140,604 per 10 grammes on Monday. This is an increase of Rs700 and Rs601 from Saturday.

    The president of the All Sindh Saraf and Jewellers Association (ASSJA), Haji Haroon Rasheed Chand, claimed that the pressure on bullion rates has been caused by exchange rate changes.

    He claimed that despite the ongoing peak wedding season, jewellery sales remained low due to high gold prices.

    On January 1, the price of a tola and ten grammes of gold was Rs126,200 and Rs108,196, respectively, while the price of the precious metal was $1,830 per ounce on the world market. In the interbank market, the dollar was worth Rs177, while the current exchange rate was Rs223.99.

  • Azam Swati turns to Supreme Court for help

    Azam Swati turns to Supreme Court for help

    Pakistan Tehreek-e-Insaf (PTI) Senator Azam Swati has approached the Supreme Court (SC) to request the transfer of all cases registered against him in Sindh and Balochistan to Islamabad.

    In a petition to the apex court, Swati has said that Federal Investigation Agency (FIA) arrested him in a false case, adding that multiple cases were registered against him in the country, and he faces a security threat when appearing in various courts.

    The senator also appealed to the court that the “operation of FIRs” registered against him be suspended till his plea is heard.

    In Lahore, PTI leader Dr Yasmin Rashid also filed a petition against Swati’s arrest at the SC registry in the provincial capital, terming it “illegal”. Rashid claimed in her petition that the senator was arrested on political grounds.

    On Sunday, Swati was once again arrested from his farmhouse in Islamabad by Federal Investigation Agency (FIA) for speaking against senior military officers. Later, on Tuesday, his physical remand was extended for four more days.