Enraged protesters set on fire a government building and four vehicles in Gilgit after police baton-charged them outside the premises of the region’s Chief Election Commissioner (CEC) office on Monday. According to unofficial results, PTI's Fatehullah Khan stood victorious in GBA-2, while PPP's Jameel Ahmed and former Gilgit-Baltistan (G-B) chief minister Hafeezur Rehman secured second and third positions, respectively. “We had information that the chief election commissioner was going to declare the PTI candidate winner illegally, so, we had planned a peaceful protest,” a PPP activist said. Sadia also blamed CEC Raja Shehbaz for working hand in glove with the PTI, saying the election commissioner was involved in removing all evidence of rigging in the region’s recently-held elections. The Express Tribune tried to reach out to the chief election commissioner but the top official was not available for comment.
November 24, 2020 04:07 UTC
Transgender residents of the city on Monday staged a sit-in to protest the Bani police for what they claimed was the release of a man suspected of attempting to kill on their community members. Members of the local transgender community said that they had complained to the police against Nauman and his accomplices for an attempt to murder. They asserted that the police collected evidence from the crime scene but later termed all suspects as innocent and let them go. When asked about Pathani’s allegations, SP Iqbal said that some members of the transgender community wanted to pressurise the police by staging protests. Terming the protest as unwarranted, he warned that the police will be forced to take action against the transgender people for filing a fake case.
November 24, 2020 03:56 UTC
However, they all were of the unanimous view that 5G would offer massive benefits to the economy of Pakistan. Iftikhar is part of a committee constituted by the IT ministry for implementing 5G in Pakistan. Pakistan Software Houses Association ([email protected]) former secretary general Shehryar Hydri said the government may be able to roll out 5G in limited areas by 2022, however, the spread of new technology across the nation would take three to five years. Stating the reason, Hydri said telecom companies would need to invest in licences as well as massive network upgrades for 5G. Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
November 24, 2020 03:33 UTC
However, as per the PBS, the wheat flour price declined by 0.31% or 16 paisa per kg on a weekly basis. The official average wheat flour price was Rs49 per kg during the last week, down from Rs49.16, according to the PBS. The maximum official wheat flour price was Rs68 in Peshawar. But sugar prices were still higher by 36.2% as compared to the same period of last year. Similar remarks had also been passed on during the last NPMC meeting but nothing on the ground changed.
November 24, 2020 03:22 UTC
RAWALPINDI: The Pakistan Army has killed two commanders of a RAW-sponsored terrorist network during an operation in Bajaur in Khyber Pakhtunkhwa (KP), the Inter-Services Public Relations (ISPR) said in a statement issued late Monday night. “A major terrorist network has been neutralised as security forces conducted IBO [intelligence-based operation] on a hideout near village Tangi, Bajaur District,” the military’s media wing said, adding that two terrorist commanders — identified as Zubair and Aziz Ur Rehman alias Fida — were killed during close encounter. According to the Pakistan Army, the two and their network were involved in terrorist activities in Bajaur and Karachi. “They were involved in number of terrorist incidents against LEAs, govt officials and innocent civilians,” the ISPR added. “The network was coordinating terrorist activities in various areas of Pakistan and receiving direct orders from their RAW-sponsored leadership from across the border,” it said.
November 23, 2020 19:41 UTC
ISLAMABAD: Dr. Ishrat Husain, Adviser to the Prime Minister, erroneously mentioned during a live press conference in Press Information Department on November 20 that he was drawing a salary from World Bank, though he wanted to say “pension”. He has declared this fact in tax returns and asset declaration statement. Dr. Husain retired from World Bank in 1999 after serving there for 20 years. As per the policy of the World Bank for the retired employees, he is also drawing pensionary benefits. However, Dr. Husain is not drawing any pensionary benefits from his services rendered as Governor, State Bank of Pakistan and Director, IBA Karachi.
November 23, 2020 19:18 UTC
According to a clarification statement issued on Monday, the PM’s aide “erroneously mentioned during a live press conference in Press Information Department (PID) on November 20, 2020, that he was drawing salary from World Bank, though he wanted to say ‘pension’”. The statement added that he has declared this in his tax returns and asset declaration statement. The statement further said that Dr Husain retired from WB in 1999 after serving there for 20 years. As per policy of WB for the retired employees, he is also drawing pensionary benefits. Dr Husain is not drawing any pensionary benefits from his services rendered as the governor of the State Bank of Pakistan (SBP) and the director of IBA Karachi, it concluded.
November 23, 2020 18:55 UTC
KARACHI: The Karachi administration on Monday announced new Covid-19 restrictions for restaurants to be imposed from Tuesday to control the spread of coronavirus. Karachi Administrator Iftikhar Shalwani has imposed a ban on indoor dining services in all restaurants from Tuesday due to the second Covid-19 wave. According to the new order, only open-air restaurants have been allowed to continue dine-in services. It may be noted that several Karachi areas have already been put under micro and smart lockdowns owing to the Covid-19 second wave. Area, Blocks B, C, D, G, L and N of North Nazimabad, Firdous Colony in Nazimabad, and some sectors of North Karachi.
November 23, 2020 17:48 UTC
Fahad Rauf, Deputy Head Research at Ismail Iqbal Securities, noted that banks have underperformed at the KSE100 this year. “SBP through loan deferral facility has delayed NPL recognition, where 11pc and 3pc of the private sector loans have been approved for loan deferral and restructuring respectively,” Rauf stated. As a result, rather than customers applying for the facility, banks were seen chasing customers. Moreover, the textile sector with a surge in capacity utilization has resulted in NPLs being realized in this quarter. This is a positive sign as the textile sector has often been seen to be a concern with regards to NPLs.
November 23, 2020 17:21 UTC
ISLAMABAD: The Punjab government has been making efforts to secure the upcoming hunting expedition of dignitaries from the United Arab Emirates (UAE) in southern districts of the province. The provincial cabinet’s sub-committee on law and order held on October 20 in principle approved the deployment of troops for the expedition’s protection. Well-informed sources told Pakistan Today that the provincial government has requested the federal government to ensure the availability of troops of three companies with a Wing Headquarter of the Pakistan Rangers (Punjab) during the hunting expedition of Emirati dignitaries until March 31, 2021. The hunting delegation will include UAE President and Dubai’s ruler Sheikh Khalifa Bin Zayed Al-Nehan, Dubai’s deputy ruler and Minister of Finance and Industries Sheikh Hamdan Bin Rashid Al-Makhtoum. The team will visit Rajanpur, Dera Ghazi Khan, Bahawalpur, Bahawalnagar and Rahim Yar Khan for hunting.
November 23, 2020 16:41 UTC
PESHAWAR: Private schools in Khyber Pakhtunkhwa (KP) have rejected the federal government’s decision to close educational institutions across the country from November 26 to January 10 because of the sharp increase in coronavirus cases. He pointed out that over 2.6 million children are deprived of education in the province, and the government’s decision will contribute to increasing this number. The general secretary highlighted that currently, 2.4 million children are enrolled in various private schools and 124,000 teachers are employed to teach them. In view of this, he added, the government should reconsider its decision to close schools, otherwise all educational institutes across the country will be forced to protest. Moreover, the National Education Council of Pakistan has also rejected the federal government’s decision and has threatened a protest if the decision is not rolled back.
November 23, 2020 16:39 UTC
ISLAMABAD: Pakistan and China have agreed to accelerate efforts for early execution of Karachi-Peshawar Main Line-1 (ML-1) project. The understanding came at a meeting between Railways Minister Sheikh Rasheed Ahmed and Chinese Ambassador to Pakistan Nong Rong in the federal capital on Monday. The meeting discussed in detail matters of mutual interests, Pak-China relations and rail projects. Sheikh Rasheed said that the ML-1 project will bring about a revolution in the railway department, besides creating new business and employment opportunities in the country. The minister thanked the Chinese ambassador for his country’s continued support for the ML-1 project, saying that the mega project would further strengthen the Pak-China relations.
November 23, 2020 15:56 UTC
Peace needs to be maintained as beforeHypocrisy continues to be the hallmark of the PTI when it comes to condemning opposition’s rallies. PM Imran Khan, who is expected to act more responsibly, addressed two big public rallies early this month in total defiance of the coronavirus SOPs. The army is therefore regularly being discussed in the PDM’s public meetings as never in the past. PM Imran Khan has warned of imposing a total lockdown if the opposition’s rallies continue. The PDM leadership is however bent upon holding the last two rallies.
November 23, 2020 15:22 UTC
Among other indices, the KMI-30 Index plunged 960.27 points to end at 63,049.50, while the KSE All Share Index dropped 341.81 points, closing at 27,932.05. The overall market volumes increased from 189.6 million shares in the previous session to 195.5 million (+3pc). Hascol Petroleum Ltd (HASCOL -2.53pc), Unity Foods Ltd (UNITY -4.87pc) and TRG Pakistan Ltd (TRG -4.54pc) led the volume board, changing 15.42 million, 15.31 million and 13.32 million shares, respectively. Sectors that drove the benchmark index south included banking (-120.98 points), cement (-65.19 points) and oil & gas marketing (-63.64 points). Among the companies, Habib Bank Ltd (HBL -29.50 points), Pakistan State Oil Company Ltd (PSO -25.64 points) and TRG Pakistan Ltd (TRG -25.60 points) dented the index the most.
November 23, 2020 13:07 UTC
Lahore has once again risen to the top of the Air Quality Index (AQI) with a score of 306, which is over 33 per cent higher than New Delhi, according to IQAir. According to the United States Environmental Protection Agency, a score of 50 or lower constitutes as safe, making Lahore six times higher than the threshold for safe-to-breath air. Similarly, Karachi came in seventh place on the charts, with an AQI of 168. Meanwhile, India’s Delhi and Mumbai came in second and fourth with scores of 182 and 174 respectively. Earlier in the year, the lockdown had shut down most factories and intra-city travel, causing the AQI to return to healthy levels.
November 23, 2020 12:45 UTC