Faisal Shakeel / Qaiser Zulfiqar

Oct 162017
 

KARACHI: Stocks rebounded sharply on Monday as the benchmark index soared past the 40,000-point barrier and finished first trading day of the week in the green. The KSE-100 index opened up and continued to climb 944 points as investors shed their anxieties to buy stocks at attractive valuations. The positivity came in the light of prime minister’s meeting with stock brokers, where it was discussed that the tumbling stock market should be given a helping hand in the shape of a bailout package. The possibility of a bailout and ISPR’s press conference that the government and the established democratic system needed to continue, which allayed fears of a conflict between the military and the government, turned the tide as activity at the bourse resumed. At close, the benchmark KSE 100-share Index registered an increase of 944.61 points or 2.37% to finish at 40,791.39 points. Stock market ends week at the lowest level for 2017 Elixir Securities, in its report, stated Pakistan equities managed to stage a notable comeback after days of lull as the market cheered and pinned hopes on a support package for equities by the government on the request of brokers and investment community. “The KSE-100 index ended the day with a healthy 2.4% gain, however, turnover did not match the excitement as only $57 million worth of shares changed hands on the KSE All-share Index against the average of $59 million last week, indicating cautious optimism among players,” stated Elixir. With reports of foreign buying, selective interest was [Read More…]

Oct 142017
 

PESHAWAR / RAWALPINDI: Chief of General Staff of the UK Army General Sir Nicholas Patrick Carter visited Khyber Agency on Saturday for a briefing on army’s anti-terror operations. “During his visit to a forward post at Khyber Agency, he was briefed on the achievements and culmination of Operation Khyber IV and Pak-Afghan border fencing,” the Inter-Services Public Relations (ISPR) said in a statement. Later, the ISPR added, General Nicholas, who arrived in the country on Friday, also visited historical Khyber Pass and witnessed the traditional legacy of tribal culture. The UK army chief also called on Corps Commander Peshawar Lt Gen Nazir Ahmed Butt at the Corps Headquarters Peshawar. He was given a detailed briefing on Operation Radd-ul-Fasaad, border management, temporarily displaced people’s return and the mega development and rehabilitation projects undertaken by Pakistan Army for the uplift of tribal people in different parts of Federally Administered Tribal Areas, the ISPR statement added. UK army chief arrives on official visit to Pakistan, meets COAS On arrival at Corps Headquarters, General Nicholas laid a floral wreath at Yadgar-e-Shuhada to pay tribute to the martyred of the Pakistan Army. On Friday, General Nicholas met army chief General Qamar Javed Bajwa at the General Headquarters in Rawalpindi. Both the army chiefs had discussed matters of mutual interest, including strengthening of bilateral security and defence cooperation between the two armies. Chief guest Meanwhile, the UK army chief was the chief guest at the passing out parade of 136th PMA Long Course, Graduate Course 36th, Technical Graduate Course [Read More…]

Oct 122017
 

PESHAWAR: Unidentified armed men shot dead a journalist in Swabi district of Khyber Pakhtunkhwa late on Thursday, with police suspecting that the incident was linked with a personal feud. “Haroon Khan was targeted at around 8:25pm outside his house by two unidentified assailants and succumbed to his injuries on the spot,” District Police Officer (DPO) Muhammad Sohaib said. According to the DPO, Haroon was engaged in a land dispute with his stepbrother, saying an official demarcation by the revenue staff pertaining to the property was scheduled for Friday morning. “We are investigating the case and the accused will be arrested soon,” Sohaib added. Police recovered seven to eight empty shells of AK-47 rifle from the scene of the crime. The assailants, they said, were on foot. The post Journalist gunned down in Swabi over ‘personal feud’ appeared first on The Express Tribune. Click for detailed story

Oct 112017
 

WASHINGTON DC:  Federal Minister for Interior Ahsan Iqbal has said that blaming Pakistan for security failures in Afghanistan is offensive to the people of Pakistan. “Blaming Pakistan for the security failures in Afghanistan is unhelpful as well as offensive to the people of Pakistan, whose sacrifices in the fight against terrorism are without parallel in the region,” he said. He was addressing a gathering of students, academicians, analysts, and media persons at an event organised by the Johns Hopkins University’s School of Advanced International Studies in Washington, DC on Wednesday. “The government has an economic vision for the country, which is based on peace and stability paradigm,” he added. Speaking on ‘Pakistan’s efforts in internal and regional security’, the minister covered a wide range of areas, from Pakistan’s counter-terrorism operations to Pakistan’s role in promoting regional peace and stability. Iqbal briefed the audience about the National Action Plan, the 20-point program developed by the government to counter terrorism and extremism. The implementation of the plan, in conjunction with the sweeping counter-terrorism operations undertaken by the security forces, had been critical to improving the security situation in Pakistan, the minister said. This was now paying dividends in the form of rising investors’ interest in Pakistan, including from corporate America, he added. Easing tension: Ahsan Iqbal will jet off to US this week Iqbal said Pakistan shared the international community’s concerns about the instability in Afghanistan, which continued to spill over into Pakistan. Pakistan desires peace in Afghanistan and would thus support any effort to [Read More…]

Oct 112017
 

The government of Pakistan has communicated to the International Court of Justice its designation of former chief justice of Pakistan Justice (retd) Tassaduq Hussain Jillani as its ad hoc judge in the Kulbhushan Jadhav Case. Justice Jillani served as a judge of the Supreme Court of Pakistan from July 31, 2004 to December 11, 2013 and subsequently as the 21st Chief Justice of Pakistan from December 11, 2013 until July 5, 2014. Ex-CJP to be Pakistan’s ad-hoc judge for Jadhav case The procedures of the International Court of Justice allow a party to nominate an ad hoc judge in circumstances where there is no judge of the court that has that party’s nationality. Currently, there is no Pakistani judge on the court; whereas India has Judge Bhandari. Ad hoc judges have the same authority on the court as any of the sitting judges. The court will now notify India that Justice Jillani has been nominated by Pakistan. The post Justice Jillani notified as ad-hoc judge in Jadhav Case appeared first on The Express Tribune. Click for detailed story

Oct 112017
 

ISLAMABAD: Foreign Secretary Tehmina Janjua has reiterated Pakistan’s call for making serious efforts for negociated settlement between the Afghan government and the Taliban for achieving lasting peace in the war-torn country. She remarked while participating in the meeting of Shanghai Cooperation Organisation (SCO) Contact Group on Afghanistan held at the deputy foreign minister-level in Moscow on Wednesday, a statement issued by the Foreign Office said. Russian Deputy Foreign Minister Igor Morgulov chaired the meeting while deputy foreign ministers of Afghanistan, China, India, Kazakhstan, Tajikistan, Uzbekistan, Turkmenistan and representatives of SCO and its relevant bodies attended the meeting. Afghan peace: Kabul asks Islamabad to hand over five top imprisoned militants Addressing the meeting, Janjua underlined challenges faced by Afghanistan including deteriorating security situation marked by increasing ungoverned spaces being used to provide sanctuary to the terrorist groups like Da’esh, al Qaeda, Tehreek-e-Taliban Pakistan (TTP) and Jamtul Ahrar (JuA) and increasing drug production which threatened Afghanistan’s neighbours. She stressed the need for making serious efforts for negotiated settlement between Afghan government and the Taliban for achieving lasting peace in Afghanistan. The foreign secretary also emphasised the importance of early return of Afghan refugees and combating drug production and human trafficking which continued to affect stability of Afghanistan and the region. Islamabad not to bow to ‘do more’ demands The members of SCO Contact Group exchanged views on ways and means to support peace and stability in Afghanistan through facilitating Afghan-led peace process, assisting the Afghan government in dealing with security and counter-terrorism challenges [Read More…]

Oct 112017
 

LAHORE  : The Punjab Food Authority (PFA) has decided to ban the manufacture and sale of banaspati ghee by July 2020 due to its extremely hazardous effects on the human body. The authority has also decided to restrict the quantity of trans fats (trans-fatty acids) up to 0.5%. The Scientific Panel of the provincial food watchdog made this decision in a meeting here on Wednesday. The panel observed that a high quantity of trans-fatty acids, palmitic acid and nickel were used in manufacturing of banaspati ghee and served as a ‘catalyst’ that may cause fatal diseases like obesity, diabetes, mental diseases, heart diseases and cancer. As per Codex Alimentarius Commission standards, the expert panel has also decided to restrict trans-fatty acids up to 0.5 per cent. The authority has planned to give three years’ time to banaspati ghee manufacturers to shift or develop alternatives production streams. By 2020, it will completely ban banaspati ghee in the province. PFA Director General Noorul Amin Mengal said estimates suggest annual consumption of cooking oil and ghee for each person is around 18 kilogrammes in Pakistan, whereas it is merely three kilogrammes in Europe. “By keeping these facts in view, the public must be made aware of that olive oil, soybean oil, sunflower oil and other vegetable oil should be consumed instead of banaspati ghee.” He underscored that the PFA’s prime objective was to preserve the health of Punjab’s population at any cost. Hence, it decided to remove any obstacle in the way of this [Read More…]

Oct 112017
 

KARACHI: Pakistan midfielder Saddam Hussain doesn’t think that FIFA’s suspension of the Pakistan Football Federation (PFF) would have any impact on the stalled state of the country’s football or force the bickering factions of the federation to resolve their differences. Football’s world governing body moved to suspend the PFF on Wednesday citing third party involvement in the PFF’s affairs, following a takeover of the federation’s offices by a Lahore High Court-appointed administrator. Some might have thought the decision would finally knock some sense into the two factions, one of which is led by four-time PFF President Faisal Saleh Hayat. But Hussain, a midfielder for the national team, is not holding his breath for that to happen as he points out that all footballing activity has already been suspended in Pakistan for more than two years. “FIFA’s decision looks more like an attempt to pander to the egos of PFF officials,” Saddam told The Express Tribune. “We haven’t been playing football for the last two years anyway, and even when we were, the domestic game was already in shambles. With no Pakistan Premier Football League or even a Division B league, the departmental teams are shutting down.” Pakistani football a dirty Game of Thrones Saddam was hoping for a more hands-on approach by the world governing body. “I was hoping for FIFA to forget PFF officials, send their people here, observe the situation and make efforts perhaps to start football again,” he said. “But this is just another long, dark night for [Read More…]

Oct 112017
 

KARACHI: The Sindh High Court (SHC) ordered on Wednesday the National Accountability Bureau (NAB) to complete the inquiry against Karachi’s former nazim Syed Mustafa Kamal and other accused into alleged illegal allotment of 5,000 square yards of land in Clifton. Headed by SHC Chief Justice Ahmed Ali M Sheikh, a two-judge bench also directed the NAB investigation officer (IO) to submit the inquiry report by November 14. The national anti-graft watchdog informed the court that the 5,000 square yard land had been leased to hawkers and shopkeepers in 1980. However, in 2005, the entire land was illegally leased to the DJ Builders. NAB had initiated investigations into the alleged illegal allotment of the land on plot 12/7, which was known as sea-shell stalls. The land’s value was estimated to be Rs10 billion, which is situated near Abdullah Shah Ghazi’s shrine – between Bagh Ibne Qasim and Seaview – in Block 3 of Clifton. PSP demands new education policy at federal, provincial levels The court was also informed that Kamal, who was the city nazim at that time, had given approval for constructing a multi-storey building on the subject land in an illegal manner. Kamal, at that time, was a leader of the Muttahida Qaumi Movement. However, later, he launched his own party, the Pak Sarzameen Party, after parting ways with his former party’s head Altaf Hussain. The SHC CJ asked the IO whether the former city nazim was interrogated in this case, to which the IO replied that Kamal had been [Read More…]

Oct 102017
 

KARACHI: In an unusual incident, a group of armed men robbed on Tuesday a mosque in Soldier Bazaar. According to the police, seven unidentified men climbed the wall of the Qadri Masjid, beat up the mosque’s caretaker and held him hostage. The suspects managed to escape after looting cash from the cupboards and the donation box in the mosque and also took a repeater gun away, which belonged to the mosque’s security guard. Police gun down robber in Sargodha SP Shahla Qureshi said that prayer leader Fariduddin Qadri informed the police about the incident, upon which the police initiated investigations. Police officials said that over Rs300, 000 were looted and an FIR has been registered. The post Armed men rob over Rs300,000 from Karachi mosque appeared first on The Express Tribune. Click for detailed story

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