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PM Shehbaz Sharif chairs NSC meeting amid political, economic crises

ISLAMABAD, APR 7: The National Security Committee (NSC) meeting is underway to deliberate on political and economic turmoil and security situation in the country, reported on Friday.

Prime Minister Shehbaz Sharif is chairing the high-powered huddle at PM with senior cabinet ministers, services and intelligence chiefs as well as all the relevant officials in attendance.

Sources said the meeting would discuss the “current situation”, particularly after the Supreme Court ruling that directed the Election Commission of Pakistan (ECP) to hold elections in Punjab on May 14.

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The Supreme Court had nullified the electoral watchdog’s decision about the delay in holding polls in Punjab and Khyber Pakhtunkhwa and fixed May 14 as the date for polls in the province.

The verdict was announced by a three-member bench — comprising Chief Justice of Pakistan (CJP) Umar Ata Bandial, Justice Ijazul Ahsan and Justice Munib Akhtar — on the PTI’s petition challenging the Election Commission of Pakistan’s order postponing the elections in Punjab and KP.

NA rejects SC verdict
The National Assembly Thursday passed a resolution rejecting the three-member Supreme Court bench’s verdict on the Punjab polls.

The resolution, moved by Balcohsitan Awami Party (BAP) lawmaker Khalid Magsi, was approved by a majority of the lawmakers.

The motion urged Prime Minister Shehbaz Sharif and his cabinet not to abide by the three-member Supreme Court ruling.

Reading out the resolution on the floor of the National Assembly, Magsi said: “This House rejects the minority decision of the three-member bench and binds the prime minister and the cabinet not to implement the unconstitutional and unlawful decision.”

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The resolution noted that multiple sections of the society had called on the top court to form a full court bench but it was ignored and only one political party was heard in the case.

It further said that the house considers the conduct of general elections simultaneously across the country as the solution to all the problems. The resolution also demanded the formation of a full court bench to review the “wrong interpretation” of Article 63-A.

‘Pitting armed forces against judiciary’

Former premier and Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan has said that ‘it is now clear what wants – any which way to get out of elections’.

While slamming the rulers, Imran Khan wrote on Twitter, “They brought in an unconstitutional bill on SC [Supreme Court] & an NA [National Assembly] resolution against judiciary. Now tomorrow an NSC meeting is called to try & use security as pretext for postponement of elections. This will pit armed forces directly against not just judiciary but also the nation.”

IT IS NOW CLEAR WHAT PDM WANTS – ANY WHICH WAY TO GET OUT OF ELECTIONS. THEY BROUGHT IN AN UNCONSTITUTIONAL BILL ON SC & AN NA RESOLUTION AGAINST JUDICIARY. NOW TOMORROW AN NSC MTG CALLED TO TRY & USE SECURITY AS PRETEXT FOR POSTPONEMENT OF ELECTIONS. THIS WILL PIT ARMED FORCES…

— IMRAN KHAN (@IMRANKHANPTI) APRIL 6, 2023

IMF has always ruined poor countries

Asian and African countries should set up their own monetary funds

US domination is in danger as many countries are getting rid of the dollar

Dozens of countries will go bankrupt if the debts of $520 billion are not waived

ISLAMABAD, APR 7 /DNA/ – Pakistan Economy Watch (PEW) on Friday said the IMF has always ruined poor countries through its impossible conditionalities.

Developing countries should make vigorous efforts to create an Asian Monetary Fund as an alternative to get out of the clutches of the IMF, it said.

African countries should also try to create their own monetary fund to tackle problems, said Saifuddin Sheikh, executive director of PEW

In a statement issued here today, he said that Japan proposed the Asian Monetary Fund during the 1997 crisis, but it could not be implemented due to the opposition of the United States and China’s reluctance, but now the situation has changed.

He said that the Chinese economy has become much more stable than in 1997 so it can catch up with the US.

Like the IMF, the US dollar has always been used as a weapon therefore many countries are reducing their dependence on the dollar, he added.

Saifuddin Sheikh said that many countries are conducting international trade in their own currencies, while many are leaning towards the Chinese currency.

Recently, Brazil and Malaysia have decided to trade in Yuan instead of dollars, which is a big step towards ending the monopoly of the dollar, he informed.

Earlier, Saudi Arabia had decided to sell oil to China in Yuan, which was a big blow to the dollar.

He added that after the global sanctions on Russia, it started preferring the Chinese currency and now Russia trades mostly in it. At the moment, sixty percent of the assets of the Russian Wealth Fund consist of Chinese Yuan.

Indonesia, Vietnam, and Cambodia are also getting rid of the dollar. Meanwhile, BRICS countries are deciding to create their own currency, while Saudi Arabia is joining the Shanghai Cooperation Organization, which has worried the United States.

Currently, 61 Countries including Pakistan are suffering from financial difficulties, from which many may go bankrupt if their debts of at least five hundred and twenty billion dollars are not waived, he warned. 

ICCI calls for Pak-Ethiopia PTA to boost bilateral trade

Islamabad, APR 7: /DNA/ – Ethiopia has strong economic ties with Turkiye & UAE and Ethiopia wants similar relations with Pakistan. China and India have good presence in Ethiopia and Pakistan should increase its presence in the Ethiopian market to explore the untapped land of Africa. Many Pakistani products including textiles, pharmaceuticals, cement have great potential in Ethiopia and the business community of Pakistan capitalize on this potential for exports. This was said by H.E. Jemal Beker Abdula, Ambassador of Ethiopia while addressing the business community during his visit to Islamabad Chamber of Commerce & Industry (ICCI).

Jemal Beker Abdula termed the visit of Pakistani business delegation to Ethiopia as Hijra Trade, which was very successful. He said that after the visit of the Pakistani delegation to Ethiopia, he received calls from many African countries including Somalia, Djibouti, and Kenya who showed interest in promoting trade ties with Pakistan. He said that Africa is endowed with great natural resources and close cooperation of Pakistan with Ethiopia would help it get better penetration in the African region for trade and exports. He said that a high-level delegation of Ethiopia is likely to visit Pakistan in near future that would further strengthen trade ties between the two countries.

Speaking at the occasion, Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce & Industry said that Pakistan and Ethiopia should sign a Preferential Trade Agreement (PTA) that would remove trade barriers and boost bilateral trade between Pakistan and Ethiopia. He said that the Ambassador should take up the PTA matter with Pakistan authorities and assured that ICCI would extend all possible cooperation in such efforts. He thanked the Ambassador and the Ethiopian authorities for giving warm reception and great hospitality to the ICCI delegation during its very successful visit to Addis Ababa from March 5-11, 2023.  

Faad Waheed, Senior Vice President ICCI said that Africa is very important for Pakistan and the Pakistani private sector would like to develop strong business linkages with Ethiopian counterparts to get better access to the African market for business and investment.

Engr. Muhammad Azhar ul Islam Zafar, Vice President ICCI said that Pakistan has good potential to promote business relations with Ethiopia and hoped that the visit of the Ethiopian delegation to Pakistan would further expand trade relations between the two countries.

Khalid Iqbal Malik Group Leader, Zafar Bakhtawari, Sheikh Ejaz, Humayun Kabir, Muhammad Shabbir, Akhtar Hussain and others also spoke at the occasion and gave useful proposals for improving Pak-Ethiopia trade and economic ties. 

‘Israel needs to stop attacks,’ says Turkish foreign minister

Türkiye denounced the attack on al-Aqsa Mosque in occupied East Jerusalem, Foreign Minister Mevlüt Çavuşoğlu said on Wednesday, calling on Israel to end the attack.

“We condemn these attacks. Unfortunately, increasing Islamophobia and racism in Europe continues in Israel and other regions as well, and it’s over the limit now,” Çavuşoğlu said in the capital Ankara.

His remarks came after the tension escalated when Israeli police detained around 350 worshippers from inside the Al-Aqsa Mosque complex.

A group of Palestinians barricaded themselves inside the Al-Qibli Prayer Hall in the Al-Aqsa Mosque complex after Jewish settlers called for a raid on the mosque. They attempted to prevent police from entering by closing its doors.

“Israel needs to stop these attacks,” Cavusoglu said, adding that Israel has commitments to Türkiye and it has to keep its word not to attack Palestine during the Muslims’ holy month of Ramadan.

“Al-Aqsa Mosque is sacred to us. Entering into a dialogue with Israel does not mean losing our sensitivities. On the contrary, our sensitivities are even increasing more,” he added.

Qatar, Pakistan agree on exploring new avenues for cooperation

ISLAMABAD, APR 5 /DNA/ – Ambassador of Qatar to Pakistan Sheikh Saoud bin Abdulrahman Al-Thani held a meeting with Chairman Senate, Sadiq Sanjrani at the Parliament House in Islamabad on Wednesday.

The meeting was aimed at discussing the strengthening of bilateral relations between Qatar and Pakistan, and exploring new avenues for cooperation in various fields of mutual interest.

The Qatari Ambassador delivered a letter of appreciation to Chairman Senate, expressing gratitude on behalf of Hassan bin Abdulla AI-Ghanim, Speaker of the Shura Council of the State of Qatar, for the Senate’s unanimous resolution congratulating Qatar and its leadership on its historic achievement of hosting the FIFA World Cup 2022, the largest and most renowned global sporting event ever hosted by a Muslim country.

During the meeting, Ambassador Al-Thani conveyed Qatar’s keenness to further enhance collaboration with Pakistan in the areas of trade, investment, energy, and culture. He emphasized the importance of expanding people-to-people contacts and deepening cooperation in the education and tourism sectors.

Chairman Senate, acknowledged the significant role played by Qatar in promoting peace and stability in the region. He expressed Pakistan’s readiness to strengthen its relations with Qatar and assured the ambassador of his full support in promoting bilateral cooperation in all fields.

The meeting was held in a friendly and cordial atmosphere, reflecting the strong ties between Qatar and Pakistan. Both sides expressed their commitment to further deepen and diversify their bilateral relations in the years ahead.=DNA

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President calls for creating specific jobs for differently-abled people

ISLAMABAD, APR 5: President Arif Alvi in a meeting with the Vice Chairman of Pakistan Foundation Fighting Blindness (PFFB), Anis-ur-Rehman, at Aiwan-e-Sadr.=DNA PHOTO

ISLAMABAD, APR 05 (DNA) — President of Pakistan Dr Arif Alvi has called for the creation of specific jobs for differently-abled people (DAPs) to make them financially independent.  He emphasised that DAPs needed to be trained and well-equipped with specific skill sets to make them useful and productive citizens of the country.

The President gave these remarks during a meeting with the Vice Chairman of Pakistan Foundation Fighting Blindness (PFFB), Dr Anis-ur-Rehman, at Aiwan-e-Sadr on Wednesday. During the meeting, the President said that society should not neglect DAPs, adding that it was the collective responsibility of the public and private sectors to encourage and support persons with disabilities.

Dr Anis-ur-Rehman apprised the President about the steps taken by PFFB for the welfare of the visually impaired persons in Pakistan. He said that his organization had transformed the lives of more than 50,000 visually-impaired students/persons at the national level, during the last ten years, through educational services, capacity-building trainings, awareness campaigns, career counselling, and Assistive Technology.

He highlighted that the major challenge being faced by the visually-impaired children was the lack of hostel facilities, particularly for the visually-impaired girls in Islamabad, Gilgit-Baltistan, Azad Jammu and Kashmir, and Balochistan. The meeting was also informed that another major issue being faced by visually-impaired students was the non-availability of writers to help them during examinations as these students were unable to write themselves.

The President underscored that it was the responsibility of the Government and the private sectors to help address the issues being faced by the visually-impaired people. He also stressed the need for raising awareness about the rights and issues of persons with disabilities to bring positive behavioural change towards them. — DNA

‘National dialogue only way forward to end crises in country’, says Ahsan Iqbal

BEIJING, APR 5: Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal meeting IDCPC Minister Liu Jianchao.=DNA PHOTO

ISLAMABAD, Apr 5 (APP): Minister for Planning, Development and Special Initiatives Prof. Ahsan Iqbal Wednesday stressed that the national dialogue among political forces is the only way forward to steer the country out of the current political and economic crises.

Talking to a private news channel, he said that the “bold and right decisions” are the need of the hour to stabilize the country, adding, nobody would accept selective justice through such Supreme Court decisions.

“We truly believed that social justice and supremacy of law is imperative for progress and prosperity of the country”, he added.

He also maintained that the government never be disrespectful to the court orders but we had shown reservations on this three-bench decision.

PML-N will not bow down to ‘one-sided decisions’ and the three-member bench of Supreme Court decision for provincial elections will further cause economic and political instability in the country, he added.

He said Imran Khan “ladla” (blue-eyed) who wanted the system for his own vested interests instead of preferring public interest.

Replying to a question, he said that after 2017 now again the country will face political chaos and economic instability with these court verdicts.

Coalition government strongly committed to serve the poorest segments of society, he said, adding, we have been struggling to uplift the economy and take the country to the path of development.

After SC ruling, ECP announces polls in Punjab on May 14

ISLAMABAD: Amid controversy over the Supreme Court ruling that declared the Election Commission of Pakistan’s (ECP) order to postpone elections in Punjab as “unconstitutional”, the electoral body on Wednesday announced the holding of polls on May 14 as directed by the top court.

The ECP took the decision in an emergency meeting held today for consultations on the SC verdict. Chief Election Commissioner (CEC) Sikandar Sultan Raja chaired the session.

After SC ruling, ECP announces polls in Punjab on May 14
SC orders polling in Punjab on May 14

The Supreme Court on Tuesday voided the ECP’s decision on Punjab and Khyber Pakhtunkhwa (KP) elections. A three-member SC bench comprising Chief Justice Umar Ata Bandial, Justice Munib Akhtar and Justice Ijaz Ul Ahsan announced the decision in open court and declared the ECP’s decision to hold polls on October 8 as “unconstitutional”.

The apex court directed the ECP to reinstate its previous election schedule under which polls were to be held and extended it by 13 days.

The Supreme Court also clarified that the ECP could not go beyond the 90-day stipulated time and stated that 13 days were wasted because of the ECP’s unlawful decision.

The court also directed the caretaker government in Punjab to assist the ECP and instructed the commission to inform it if the government refused to do so.

The Constitution and laws of the election commission did not allow an extension of the date, it added.

According to the decision, candidates would be able to submit nomination papers from April 10, the electoral body would publish the list of candidates on April 19, and electoral symbols would be issued by April 20.

The court also directed the government to release Rs21 billion for elections in Punjab by April 10 and told the ECP to submit a report on the matter in court the same day. In the case of non-provision of funds, the court will issue an appropriate order, it added.

PM calls SC ruling ‘murder of justice’
In his reaction, Prime Minister Shehbaz Sharif equated the judicial murder of former prime minister Zulfikar Ali Bhutto with the verdict of the apex court and said that it was ironic that the ex-premier was judicially murdered on April 4 and once again on the same day justice was “murdered”.

Speaking in the National Assembly, the prime minister said the cabinet meeting had demanded that the reference over the judicial murder of the late premier pending for the last 12 years should be taken up and decided by the full court.

“The world knows that ZAB’s case was a judicial murder as one of the former judges who had decided the case, had accepted it in his memoirs,” he said.

Praising ZAB, PM Shehbaz said he was among the founders of the 1973 Constitution and his historic contribution would always be remembered.

“The events that took place in the past 72 hours are tantamount to the murder of justice.”

PM condemns Israeli attack on Palestinian worshippers

ISLAMABAD, Apr 5 (DNA): Prime Minister Shehbaz Sharif on Wednesday strongly condemned Israeli police raids at Al Aqsa Mosque compound in Jerusalem.

“I strongly condemn Israeli police attack on Palestinian worshippers in Al Aqsa Mosque compound in Jerusalem,” he said in a tweet.

He said the brutal attack was a violation of the sanctity of the holy month of Ramazan. “Impunity granted to Israel has emboldened Tel Aviv to violate basic human rights with abandon,” he added.

Saudi Arabia signals funding of $2 billion to Pakistan on IMF demand

ISLAMABAD, Apr 05 (DNA): Pakistan’s economy is set to receive a
much-needed boost as Kingdom of Saudi Arabia has given the green signal
for funding worth $2 billion.

The development comes amidst significant progress in financing worth $3
billion from friendly countries.

Sources in the finance ministry confirmed that Saudi Arabia has given
the green signal of financing $2 billion to Pakistan.

Minister of Finance Ishaq Dar before his US visit on April 10, will also
contact the UAE leadership, sources said.

The Pakistani government had approached Saudi Arabia and the United Arab
Emirates (UAE) to meet the conditions of the International Monetary Fund
(IMF).

The Prime Minister’s Office and Finance Ministry officials had contacted
the Saudi Arabian and UAE officials to meet the IMF demand.

The IMF had demanded of Pakistani government to get a written guarantee
from the friendly countries for the deposit.

Sources earlier said that Saudi Arabia and UAE had sought some time to
assure the IMF regarding the deposit. “The IMF also have objection over
annual 900 billion rupees subsidies,” sources at finance ministry said.

The global lender also insisting on its demand for collection of 850
billion rupees petroleum levy and addressing shortfall of the petroleum
levy and taxes, sources added.

In the last week of March, China rolled over its safe deposit of $2
billion on the existing terms as the country’s foreign exchange reserves
remain stabilized.

Sources said that the deferment of payment has been done for a year.

Earlier this week, Minister of State for Finance and Revenue, Ayesha
Ghous Pasha, stated that the IMF was verifying external financing from
friendly countries such as China, UAE, and Saudi Arabia.

Notably, the IMF remains concerned about Pakistan’s economic policies,
with objections to the annual subsidy of Rs900 billion and insistence on
further interest rate increases to keep pace with inflation.

Additionally, sources informed that the IMF is demanding the collection
of Rs850 billion rupees under petroleum levy and has called for a
reduction in the import of petrol and diesel

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