Home Blog Page 3244

Decision to reopen schools on Sept 7: Shafqat Mahmood

ISLAMABAD : Federal Minister for Education Shafqat Mahmood has said on Thursday that the final decision regarding the reopening of educational institutions will be taken with consensus on August 7.

He said this while speaking at a meeting of the National Command and Operation Center in Islamabad here today.

Briefing the NCOC, Shafqat Mehmood emphasized that the educational institutions must ensure compliance to all Covid-19 protocols and prepare accordingly before the final decision.He said that government is formulating a strategy about reopening of educational institutions.

The education minister said that the institutions be opened on top to bottom approach starting from the Universities to the High Schools on rotation basis, and added that extra curricular activities would not be allowed.

According to a Gallup survey, seven to eight million children have been getting education through the Telechool, an educational television channel, launched by the prime minister in April to make up for academic losses suffered by students due to closure of education institutes.

PIAF says massive fall of rupee value continues to harm economy

The Pakistan Industrial & Traders Associations Front chairman Mian Nauman Kabir has said that massive fall of rupee value continued to harm the economy, as the cost of deals done by the businessmen with their foreign buyers has increased manifold due to unprecedented plunge of local currency against dollar. Besides increasing exports and controlling imports the government will have to take administrative measures, as a large demand of cash dollars are seen in the market. He said that the rupee has dropped by 2.9 percent or Rs4.62 against the dollar during last couple of months. 

Mian Nauman Kabir, in a joint statement with senior vice chairman Nasir Hameed and vice chairman Javed Siddiqi appreciated the positive development related to the imports, which have now started decreasing since the last financial year followed by the government’s initiative of imposing regulatory duties. 

PIAF Chairman urged the government to control volatility of rupee against the US dollar, as the industrial revival and economic growth is not possible without stability of local currency. 

He said that Pakistani rupee continued its downward slide against the US dollar, moving in record low range of Rs167-168, having no sign of recovery, despite the fact that Pakistan’s Current Account Deficit has reduced by 78 percent owing to lower imports and better inflows. 

Mian Nauman Kabir said that the CAD fell to $2.97 billion during fiscal year 2019-20 while the import bill fell by 19 percent to $44.57 billion during this period but rupee continued to sink. He said that sharp depreciation of rupee shows that Pakistan is again moving towards a trade deficit regime, which might jack up the current account deficit yet again. He said that the inflows of workers’ remittances also grew by 6.4 percent to $23.12 billion during fiscal year 2019-20 which should have a positive impact on dollar-rupee exchange value. 

He said that Pakistan has received around $500 million in soft loan from the World Bank last month, helping the rupee to maintain its uptrend, besides bridging the shortfall in budgeted expenditures. 

PIAF senior vice chairman Nasir Hameed Khan, terming rupee depreciation against dollar a mysterious development, said that continued fall of rupee is not understandable with the fact that there was no fundamental change in the country’s imports during last few months while other economic indicators are also the same for a long time. 

Nasir Hameed said that in dollar value, the gross domestic product (GDP) contracted 5.22% in FY20. The GDP value in terms of dollar does not reflect the growth pattern, as Pakistan measures economic indicators in rupee value and converts it into dollar term. So, the volatility in the rupee-dollar exchange value would lead to a huge difference between GDP growth in dollar value and real growth in rupee term. 

PIAF vice chairman Javed Siddiqi said the foreign direct investment rose 88% to $2.56 billion in the country in FY20, as in June alone, the foreign investment surged 70.53% to $174.8 million, which could help strengthen the rupee and the foreign exchange reserves. 

Javed Siddiqi said that the current account deficit shrank to 1.1% of gross domestic product (GDP) in FY20 and the deficit of $2.96 billion is the lowest in five years which should be appreciated but it is also the fact that the much-needed improvement in the current account deficit was initially achieved by compromising economic growth. Later, the Covid-19 outbreak slowed down the economy further and caused negative growth for the first time in the history.

Accountability court issues non-bailable arrest warrants for Suleman Shehbaz

LAHORE: An accountability court on Thursday issued non-bailable arrest warrants for PML-N President Shehbaz Sharif’s son Suleman Shehbaz, in a money laundering reference.

The court has ordered authorities to arrest Suleman and present himself before the court at the next hearing of the reference. The court also asked authorities to submit a report in this regard at the next hearing.

Earlier in June, the National Accountability Bureau said it will contact the National Crime Agency in UK and Interpol to bring back Suleman from London in its ongoing investigation into money laundering charges.

According to a spokesperson of the Bureau, Suleman’s non-bailable arrest warrants had been issued on the money laundering charges. “The Lahore High Court has declared Suleman Shehbaz a fugitive in the money laundering case against the Sharif family,” he had said.

In April last year, the PTI leadership and NAB had alleged that Hamza Shehbaz and Suleman, who is currently in London, are involved in laundering money worth Rs85 billion.

Suleman had rejected the charges as baseless and frivolous allegations by the PTI government and said Prime Minister Imran Khan has questions to answer about his own “unexplained assets worth Rs4 billion”.

“I brought money from abroad into Pakistan for investment and that’s not money laundering. Each and everything that I own is declared with the FBR. Every penny that I invested in Pakistan is declared and on-board, and record of each and every asset and business that I have ever owned is available with relevant Pakistani authorities,” Suleman had said.

Last year in December, the anti-graft body had issued orders to freeze 23 properties belonging to the former Punjab chief minister and Hamza and Suleman over the allegation that they acquired assets beyond their known sources of income and committed money laundering.

NCOC suggests reopening of educational institutions on ‘top-down, rotational’ basis

ISLAMABAD : The National Command and Operations Centre (NCOC) on Thursday suggested that all educational institutes in the country should be reopened with a top to bottom approach (i.e universities first, then colleges, then high schools and so on) and on a rotational basis.

The suggestion was made during a meeting of the NCOC to discuss the reopening of educational institutions across the country. However, it is clarified that a final decision on reopening of educational institutes will be made on September 7, as earlier intimated by the government.

The meeting was attended by representatives of various educational institutions, including public and private sector institutions and madaris, to reach a consensus-based decisions on the opening of various institutions from university to school levels.

All the provincial, Azad Jammu and Kashmir and Gilgit-Baltistan focal representatives joined the meeting via a video link.

According to a statement released by the NCOC after the meeting, it has been suggested that the timings of various institutions should be reduced by suspending various activities which involve mass gatherings, including co-curricular activities.

All participants were briefed on the current coronavirus situation prevailing globally, regionally and in the country. They were also informed about the risks and challenges involved in the opening of educational institutions as it involved children of all ages.

The educational sector representatives were informed that the NCOC’s suggestions had been finalised after hectic and lengthy consultations with international experts, academia and think tanks, particularly those who had been working on the reopening of the educational sector.

Federal Education Minister Shafqat Mehmood told the meeting participants that the basic challenge to open educational institutions was founded on two questions: what are the indicators for opening, and what measures will be taken to ensure that health guidelines ensuring the use of face masks, social distancing and hygiene measures.

Mehmood said that the final decision to reopen schools would be taken on September 7 after agreement and input from all relevant stakeholders.

The meeting suggested that the best way to reopen schools, as recommended by health experts, has been to reopen institutions gradually.

The NCOC added that all educational institutions must ensure all relevant COVID-19 protocols are in place before a final decision is taken.

The NCOC apprised the participants that tracking, tracing and testing will help arrest any spread.

“For this, enhanced testing of symptomatic children, teachers and school staff will be very beneficial,” the NCOC said.

All provinces, AJK and GB apprised the NCOC forum about measures being taken, including consultations with various educational institutions in their respective areas, on teachers’ training and coronavirus awareness.

Dr Faisal Sultan told the participants that while the eventual opening will be undertaken after a consultative process, the NCOC and the Health Ministry would closely monitor disease statistics on a daily basis, particularly to assess the likely impact of tourism and Muharram on the opening of educational institutions.

He added that an IT-based monitoring mechanism is being developed to ensure health guidelines and COVID-19 containment measures in this regard.

‘Keamari district’: SHC turns down Aamir Liaquat’s request

KARACHI : The Sindh High Court (SHC) on Thursday turned down a request by PTI MNA Aamir Liaquat Hussain to issue notices on his petition challenging the Sindh government’s decision of carving a seventh district out of Karachi.

Justice Muhammad Ali Mazhar, who headed a two-judge bench, observed that the court can’t put the Sindh government on notice in the case until a notification regarding the formation of Keamari district in question is submitted to it.

He said the court has to determine what unlawful act the provincial government has committed?“Karachi used to be a district and then was divided into four districts. Malir district was carved out of it and Korangi was later given the status of a district and now Keamari has been declared the seventh district. We have to see what illegal act was committed,” the judge remarked.

When asked, the Advocate General told the bench that no notification regarding the formation of the Keamari district was issued yet.

A lawyer representing the petitioner said the Sindh Assembly passed a bill in this regard on August 24.

The hearing was adjourned for an indefinite period.

Aamir Liaquat stated in his petition that the PPP-led provincial government’s move to create Keamari district by bifurcating Karachi’s West district reeks of bias. It didn’t even take the local government into confidence on the creation of the new district, he added. He requested the court to declare such a move illegal.

‘Ministry of Industries must design some mechanism to regulate the local cars prices’

Islamabad : Federation of Pakistan Chambers of Commerce and Industry Standing Committee, Former Chairman and Businessmen Panel Secretary General (Federal) Ahmad Jawad on Wednesday says consumer welfare is altogether missing as evident from high prices, less variety and low quality of vehicles being assembled in Pakistan.We urged the government to announce special slab to reduce the prices of locally assembled cars to facilitate the masses.It was totally unjustified that local manufactures revised their car prices whenever they desired and without even getting approval from the regulator. The Ministry of Industries must devise a mechanism to regulate the local assemblers’ prices, he added.He said “It is pity for the public to get the price of Suzuki Alto of 12 lac, a 43 lacs for Honda Civic with a normal variant and same in the case with Toyota Corolla Altis variants” despite all these manufacturers have manufactured the cars locally except to import engine and may be fuel tank for safety standards but they always raise their prices with a parity of dollar against PKR which is unjustified”.

He questioned if local manufacturers have continuously increased their vehicle prices with the dollar volatility then what’s the benefit for masses of the local industry ? it’s more better that government may reduce the import duties on brand new vehicles, so that masses may get benefit out of it and at least they enjoyed their machines with due international standards and safety measures. Jawas also told all local manufacturers have raised prices at a time when the economy is slipping into a recession as the GDP growth forecast is negative 1.5% for the fiscal year ending June 2020; traditionally the automaker’s strategy has been to protect profitability. By raising prices, they try to keep profit margins normal so they can remain in profit and that could be witnessed in their annual results before Pakistan Stock Exchange.However he mentioned FBR policy board may also suggest some releif tax measures to reduce the cost of locally produced vehicles and make the same more affordable.BMP official also told average effective tariff rate of 11.2% in Pakistan is the highest in the region against 10.6% in Bangladesh, 7.5% in India, 7.0% in Sri Lanka, 5.2% in China, and 4.5% in Malaysia.

In Pakistan Manufacturers enjoy exemptions and concessions on the import of items, which if imported by others are liable to duties and other charges. Consequently, the local manufactures neither developed their capacity nor upgraded technology to improve quality for their captive market.

He also pointed out that protection to sectors like auto and textile is high in Pakistan and consumer welfare is totally missing from the entire scheme of tariff. Despite high protection and multiple export promotion schemes, however, local manufacturing is weak and exports are stagnant.

Thar Block-I: Asim Bajwa announces over 1100 jobs

ISLAMABAD: Chairman China-Pakistan Economic Corridor Authority, Lt. General retired Asim Saleem Bajwa on Thursday announced over 1100 jobs of various categories for a recently started CPEC project by Shanghai Electric at Thar Block-1.

EgZ-9mvWoAAZXen

In his tweet, Asim Saleem Bajwa stated that locals will be preferred for the recently announced jobs in Thar-Block-1 subject to criteria/qualification.

Earlier on August 15, Chairman China-Pakistan Economic Corridor Authority, Lt. General retired Asim Saleem Bajwa has announced CPEC internship programme.

In his tweet, Asim Saleem Bajwa stated, with an aim to empower youth, we have announced an opportunity for the youth to join CPEC specific internship for three months.

‘This is a dream come true for me’ Haider Ali on playing for Pakistan

Manchester : Emerging batsman Haider Ali is near to realize his dream of playing for the national team after his impressive performances in domestic cricket and Pakistan Super League (PSL) season five.

“This is a dream come true for me,” Haider told pcb.com.pk. “Every young cricketer wishes to be here. This is my first tour and though I have shared dressing room with established cricketers in the HBL PSL 2020, being in the Pakistan dressing room is altogether a different experience,” he added.

The 19-year-old revealed that he didn’t get the chance to bat in club matches, so he practiced to improve his drive at the nets.

“I did not get to bat much in matches during my club cricket days. I used to spend a lot of time in nets and focused on cover drives as it is my favorite shot. That practice helped me improve this shot,” he maintained.

Haider is now eager to make the most of the opportunity and proof himself at the international level. “This is my first tour of England. The conditions here are different than Pakistan and even a different kind of ball is used here. Arriving here two months early has been beneficial, as it has provided me the necessary time to practice. I am looking forward to make the most of what I have learned from my previous experiences,” he added.

‘He is an upcoming star of Pakistan’ says Younis Khan

Pakistan’s batting coach and the former captain Younis Khan has praised Haider’s work ethic and his will to learn.

“Haider has that will and skill which turn a youngster into a good player. He has that spark and he is always eager to learn,” Younis said.

“I believe he is an upcoming star of Pakistan and he will perform whenever he gets a chance. He is strong and his fitness is improving day-by-day. He has a bright future and the ability to play all formats for Pakistan,” he added.

It must be noted that Pakistan and England will take part in three-match T20I series, starting from Friday, August 28.

Air Chief inaugurates artificial intelligence center

DNA

ISLAMABAD :  Pakistan Air Force achieved yet another remarakble milestone by inaugurating  the ‘Centre of Artificial Intelligence & Computing’ at Islamabad today.  Air Chief Marshal Mujahid Anwar Khan, Chief of the Air Staff, Pakistan Air Force was the chief guest at the occasion.

d3e3d5ae-ea6e-4e46-97fb-c335b4d4528f

The Air Chief formally inaugurated the newly established centre by unveiling the plaque. Addressing the ceremony, the Air Chief said that establishment of CENTAIC was indeed a landmark initiative in the evolutionary journey of PAF which would lead Artificial Inteligence Research & Development in both civil and military spheres.He further said that technology had altered the characteristics of warfare in the 21st century and the vision of establishing the centre was to harness the potential of Artificial Intelligence and its integration in PAF’s operational domain.

Earlier, Air Marshal Aamir Masood, Deputy Chief of the Air Staff (Training), in his welcome address, gave a broad overview of the newly established centre.  The event was attended by former Air Chiefs, Principal Staff Officers and senior serving and retired PAF officers.

Justice will be delivered; you will be free if found not guilty, court assures Shehbaz

LAHORE : An accountability court here on Thursday resumed hearing a money laundering and assets beyond means case against Opposition Leader in the National Assembly Shehbaz Sharif and his family.

Judge Jawadul Hassan heard the case as the PML-N president appeared before the court.

At the outset of the hearing, the judge asked the government lawyer present in court as to where Hamza Shehbaz was, to which he replied that he will be presented before the court in a short while.Shehbaz stated before the judge that he had not been involved in corruption of even a single penny. “I served the masses for twelve and a half years but never received TA/DA of a single rupee,” he continued.

At this, the accountability judge assured the opposition leader that he will be delivered justice. “You will be acquitted if you are found not guilty.”

“I swear to God, I saved billions of rupees of the nation,” the PML-N president maintained, claiming he was implicated in a trumped-up case.

The court allowed Shehbaz Sharif to leave the court after recording his attendance and issued arrest warrants for Suleman Shehbaz and Haroon Yousuf Aziz. It also issued summons to Shehbaz’s wife Nusrat Shehbaz and daughters, Rabia and Javeria.

Stay Connected

64FansLike
60FollowersFollow

Latest Reviews

Exchange Rates

USD - United States Dollar
EUR
1.17
GBP
1.35
AUD
0.71
CAD
0.72