Shehbaz warns against politics of sit-ins
Prime Minister Shehbaz Sharif urged the people on Wednesday to reject the politics of sit-ins and immorality because that had inflicted huge loss to the national economy in the past and could jeopardise the country’s future. The prime minister said that the government was trying to improve a bad economy and inflation which it inherited from the previous government. During the visit, Shehbaz reviewed progress on the 720 megawatt power project, which is part of the China Pakistan Economic Corridor (CPEC). Meanwhile, Prime Minister Shehbaz met a delegation of the Balochistan National Party (BNP), comprising Science and Technology Minister Hassan Baloch, State Minister for Energy Hashim Notezai, Senator Qasim Ranju and party Secretary General Jahanzeb Hussain. During the meeting, the prime minister discussed the overall political situation.
Source:The Nation
May 26, 2022 09:36 UTC
Bond yields rise further
The cut-off yields would have gone further up had the ministry raised the targeted amount of Rs100 billion or more. The government, however, rejected the bids of commercial banks for 10 and 15-year PIBs apparently after they demanded significantly higher yields compared to expectations. Commercial banks offered total bids of Rs614 billion against the auction target of Rs100 billion, according to the auction data. Abbas, however, said the uptick in cut-off yields was not huge, while the borrowing was close to the target. The cut-off yields on the long-term (three- to 30-year) PIBs remained lower compared to the short-term (three to 12-month) treasury bills.
Source:The Express Tribune
May 26, 2022 09:11 UTC
Hot, dry weather prevails in Balochistan
QUETTA – The Met Office has forecast hot and dry weather in most parts of Balochistan during the next 24 hours. According to the Met Office, the minimum temperature in Quetta was recorded at 14.5 degrees centigrade and 5.0 degrees centigrade in Ziarat on Wednesday. While, gusty, dust rising winds is also expected in southern areas of the province during afternoon for next 24 hours.
Source:The Nation
May 26, 2022 05:04 UTC
Nation can’t afford sit-ins, division: PM
Prime Minister Shehbaz Sharif Wednesday said he gets ‘goosebumps’ when he recalls the disruption caused by the PTI sit-in during the PML-N government in 2014. “We should not waste time in dividing the nation and staging sit-ins. Whenever I recall the 2014 sit-in, I get Goosebumps,” he said while addressing the workers of Karot Hydropower Project on Wednesday. The prime minister, who reviewed the progress on the project, said the project faced some delay due to COVID and other related issues. The prime minister called for emulating the Chinese model of development.
Source:The Nation
May 26, 2022 03:26 UTC
Kaira condemns Indian court verdict against Yasin Malik
ISLAMABAD – Adviser to the Prime Minister on Kashmir affairs and Gilgit Baltistan Qamar Zaman Kaira has strongly condemned the unfortunate verdict issued by an Indian court against Yasin Malik and termed it as totally outrageous and unjustified. According to a media release issued on Wednesday, Kaira said the conviction of Yasin Malik based on flimsy and fabricated grounds was a blatant violation of basic human rights. The Adviser said when Indian authorities failed in subduing the firm resolve of Yasin Malik for right to self-determination, they framed baseless charges in vengeance against him in order to muffle his voice and to overthrow the real leadership of Kashmiri people. He said Yasin Malik never had the right to a fair trial and hearing as all state organs and agencies of Modi-led Indian government were busy in anchoring the Hindu extremist ideology of Hindutva. The Adviser also called on all international human rights organizations including Amnesty International, United Nations Office of High Commissioner for Human Rights, and Human Rights Watch to condemn and expose this cruel act and murder of justice by Indian government at all international forums.
Source:The Nation
May 26, 2022 02:07 UTC
MoU signed to promote entrepreneurship among educated youth
LAHORE – Small and Medium Enterprises Development Authority (SMEDA) has signed a tripartite memorandum of understanding (MoU) with Higher Education Commission (HEC) and the five universities selected for implementation of its National Idea Lab (NIL) Programme to promote entrepreneurship among educated youth. SMEDA CEO Hashim Raza, while addressing the signing ceremony, said that the National Idea Lab (NIL) would promote entrepreneurship development and new enterprise creation to nurture and promote the creative ideas of young entrepreneurs. Earlier, HEC Executive Director Shaista Sohail, in her address of welcome, thanked SMEDA CEO to repose confidence in the HEC for implementation of an innovative program for promotion of entrepreneurship among the educated youth. She was confident that National Idea Lab (NIL) programme would bring the tangible results in creating new and non-conventional enterprises. She said that youth of Pakistan were full of exclusive business ideas, which would be transformed into working enterprises with the support of NIL.
Source:The Nation
May 26, 2022 01:29 UTC
Daylong police brutalities fail to foil PTI march
Police reinforcements also arrived to secure D-Chowk from PTI workers by midnight as Imran Khan headed towards the place. Not only the PTI workers and leaders were targeted but common citizens also came under attack as LEAs targeted anyone who came out. But defiant PTI workers were still able to stage protests by pulling away containers and crossing over blocked roads. Sanaullah said police had carried out a total of 4,417 swoops on PTI supporters’ homes, offices and on protest rallies and had arrested nearly 1,700 people. Sources have reported roadblocks in Faisalabad, Gujranwala and other cities in Punjab, with shelling on PTI supporters trying to cross these.
Source:Pakistan Today
May 25, 2022 22:44 UTC
PM urges nation to reject 'politics of sit-ins, immorality'
Prime Minister Shehbaz Sharif on Wednesday urged the nation to reject the 'politics of sit-ins and immorality' which inflicted a huge loss to the economy in the past. It has been my conviction that Pakistan will progress only through sheer hard work. The premier, who reviewed the progress of the project, said it faced some delays due to Covid and other related issues. The premier also thanked President Xi Jinping, PML-N supremo Nawaz Sharif and the chairman of Three Gorges, the company executing the project. On the occasion, Premier Shehbaz also called for emulating the Chinese model of development.
Source:The Nation
May 25, 2022 19:54 UTC
DG ISPR condemns life sentence awarded to Yasin Malik
Pakistan strongly condemned life sentence awarded to Yasin Malik on fabricated charges, said the Inter-Services Public Relations (ISPR). The statement from the military s media wing came after an Indian court awarded life imprisonment to Jammu and Kashmir Liberation Front Chairman, Muhammad Yasin Malik. “Two life sentences and five punishments of 10 years of rigorous imprisonment each have been awarded. The ISPR in its latest Tweet said, “Pakistan strongly condemns life sentence awarded to Yasin Malik on fabricated charges. Foreign Minister Bilawal Bhutto Zardari strongly condemned the “unjust” sentencing of Hurriyat leader Yasin Malik in a “sham” trial.
Source:The Nation
May 25, 2022 19:14 UTC
PTI long march reaches Islamabad following day-long clashes
A large number of party workers and supporters were present at Islamabad toll plaza to welcome their leader. PTI workers also allegedly set fire to trees and green belt in Blue Area of the federal capital. Clashes at Karachi's Numaish ChowrangiSindh Police and PTI workers clashed at Karachi's busy intersection Numaish Chowrangi. Trigger Warning: violence, arsonSindh Police and PTI workers clashed at Karachi's busy intersection Numaish Chowrangi. Weapons recovered by punjab Lahore police from vehicles of PTI Lahore office bearers Zubair Niazi and Bajash Niazi.
Source:The Express Tribune
May 25, 2022 19:13 UTC
Govt fails to curb PTI tsunami as it nears D-Chowk
The clashes unfolded against a hazy backdrop of police-fired tear gas with PTI supporters and activists flexing their muscles in an unrelenting stare-down with the security personnel who resorted to firing teargas, baton-charging and detaining the marchers. However, the PTI chairman remained defiant and kept galvanising his supporters to not wilt under the crackdown. Later in the evening, in a video message tweeted by the PTI, Imran urged the nation to take to the streets wherever they were and said people heading to Islamabad must reach D-Chowk. The minister said that the recovery of weapons from the residence of PTI activists was not jihad, but ‘fasaad’ (anarchy). Law enforcers resorted to tear gas after PTI supporters tried to remove the containers placed on the routes exiting Lahore.
Source:The Express Tribune
May 25, 2022 18:55 UTC
Plain-clothed masked men spotted hitting PTI leaders’ vehicles in Lahore
Plain-clothed masked men along with Punjab police were spotted hitting vehicles part of PTI’s long march with sticks in Lahore as former minister Farrukh Habib blamed that they were goons sent by Rana Sanaullah who were acting in collusion with police to stop the marchers. According to details, at least two people were spotted on camera in Lahore hitting vehicles of PTI leaders including Yasmin Rashid and breaking their windows with sticks. Speaking over the matter, Farrukh Habib said that the goons of Rana Sanaullah are damaging the property of the general public along with the Punjab police. According to details, the Lahore police launched a crackdown on PTI workers marching towards Islamabad for the ‘Azadi March’ announced by former prime minister Imran Khan. A heavy police contingent was deployed at Lahore’s Bati Chowk and other areas of the metropolis where they stopped PTI marchers.
Source:The Nation
May 25, 2022 18:26 UTC
SheMeansBusiness supporting women entrepreneurs: Beth Ann Lim
LAHORE – The Nation recently conducted the interview of Beth Ann Lim, Director of Policy Programmes and Government Outreach for Asia Pacific, Global Head of SheMeansBusiness Facebook. #SheMeansBusiness is a Meta initiative inspired by its long-term commitment to further socio-economic growth and development of women across the world. The program is empowering women by supporting women-owned businesses to enter the digital economy through skills training, financial education, and business inspiration. Yes, the SheMeansBusiness program is designed for women-owned and women-led enterprises and startups. Our partners have reported that more than 96% of women entrepreneurs found SheMeansBusiness training to be impactful and relevant to the growth of their business.
Source:The Nation
May 25, 2022 17:56 UTC
Nation has completely rejected PTI’s so-called March: Marriyum
Nation has completely rejected PTI’s so-called March: MarriyumMinister for Information and Broadcasting Marriyum Aurangzeb says nation has completely rejected today the so-called March of Pakistan Tehreek-e-Insaf, and expressed full confidence in the government. Addressing a news conference in Islamabad on Wednesday, she said that the nation witnessed huge unemployed and inflation during the tenure of Imran Khan as Prime Minister. She said the former Prime Minister leveled baseless corruption allegations but couldnot prove anyone of them. Talking about life imprisonment of Hurriyat Leader Yasin Malik announced by the India Court, she said the government and people of Pakistan strongly condemn the move. Marriyum Aurangzeb said that government will celebrate Yaume-e-Takbeer on 28th of this month with an enthusiasm and fervor and day of journey of development.
Source:The Nation
May 25, 2022 15:04 UTC
Court orders publishing gazette summoning PK Halder, 9 others
A Dhaka court on Wednesday ordered the authorities concerned to publish a gazette asking 10 people, including former managing director of the then NRB Global Bank and Reliance Finance, Proshanta Kumar Halder alias PK Halder, to appear before it. Dhaka Metropolitan Sessions Judge KM Imrul Qayesh passed the order, fixing July 7 for submitting a report on executing the order in a case lodged over amassing illegal wealth and laundering the money abroad. The nine other accused are Lilaboti Halder, Purnima Rani Halder, Uttam Kumar Mistri, Amitabh Adhikari, Pritish Kumar Halder, Rajib Shom, Subrata Das, Anang Mohan Roy and Swapan Kumar Mistri. As the report was not filed on Wednesday, the court came up with the new order. The Anti-Corruption Commission (ACC) filed the case against PK Halder on January 8, 2020 for amassing illegal wealth of around Tk275 crore and laundering the money abroad.
Source:The Express Tribune
May 25, 2022 15:02 UTC