Debt burden on Pakistan increased, the economy was severely affected

Finance ministry on Saturday said that the debt burden on the economy has reached upto 87.2 percent, terming the rise mainly due to the impact of coronavirus on the economy.

A spokesman for the ministry said that the debt burden on the economy stood at 86.1 percent in June 2019 and witnessed an improvement of two percent by December 2019 to reach 84 percent.

The coronavirus impacted the economy, he said after the debt witnessed a three percent increase from December 2019 to June 2020.

We had lowered our expenditure in February 2020 and even tackled the current account deficit before the pandemic hit the country, the spokesman said adding that the COVID-19 changed the fiscal position since then.

Besides, remittances suffering a huge blow owing to coronavirus, the growth rate also sustained a setback due to the pandemic, the finance ministry official said.

He said that the government was committed to bring down the percentage of debt burden on the economy. “We are strictly following a financial discipline for this purpose,” the spokesman said.

It is pertinent to mention here that Finance Ministry on July 28 issued the monthly economic outlook of the country for July 2020, showing a decline in exports and imports of the country during the previous fiscal year 2019-20.

According to the finance ministry, the exports have witnessed a 7.2 percent decline in the previous year and stood at United States Dollar 22.5 billion.

Imports also witnessed a decline of 18.2 percent and stood at Rs US$42.4 billion, the report highlighted showcasing a trade deficit of 27.9 percent at US$19.9 billion.

The workers’ remittance surged to US$23.1 billion, witnessing a 6.4 percent raise. The current account deficit remained at US$3 billion, showing a decline of 77.9 percent, showed the economic outlook report.a

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Pakistan strongly condemns extra-judicial killing of Kashmiris

Pakistan has strongly condemned the extra-judicial killing of four more Kashmiris in staged encounter in Shopian region of Indian Illegally Occupied Jammu and Kashmir and the restrictions on religious processions and gatherings during Muharram.

In a statement, the Foreign Office Spokesperson Zahid Hafeez Chaudhry said nearly three hundred innocent Kashmiris, including women and children, have been martyred by the Indian occupation forces in fake encounters, and so-called “cordon and search” operations during the last one year.

He said that the Indian inhuman methods to subjugate the Kashmiri people through killings, torture, forced disappearances and incarcerations have failed in the past and would not succeed in the future too.

The Spokesperson said the perpetuation of India’s state-terrorism cannot break the will of the Kashmiris or quell their efforts to secure their inalienable right to self-determination as enshrined in the relevant United Nations Security Council Resolutions.

He urged the international community to hold India accountable for its serious crimes against the Kashmiri people.

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Pakistan strongly condemns extra-judicial killing of Kashmiris

Pakistan has strongly condemned the extra-judicial killing of four more Kashmiris in staged encounter in Shopian region of Indian Illegally Occupied Jammu and Kashmir and the restrictions on religious processions and gatherings during Muharram.

In a statement, the Foreign Office Spokesperson Zahid Hafeez Chaudhry said nearly three hundred innocent Kashmiris, including women and children, have been martyred by the Indian occupation forces in fake encounters, and so-called “cordon and search” operations during the last one year.

He said that the Indian inhuman methods to subjugate the Kashmiri people through killings, torture, forced disappearances and incarcerations have failed in the past and would not succeed in the future too.

The Spokesperson said the perpetuation of India’s state-terrorism cannot break the will of the Kashmiris or quell their efforts to secure their inalienable right to self-determination as enshrined in the relevant United Nations Security Council Resolutions.

He urged the international community to hold India accountable for its serious crimes against the Kashmiri people.

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Sindh Govt declares 20 districts as Calamity Affected Areas

Sindh government has declared twenty districts of the province as "Calamity Affected Areas".

According to the notification issued by Relief Commissioner Sindh, the heavy rainfall during Monsoon caused losses to human lives and property in various districts of the province.

The Deputy Commissioners of the affected districts will immediately conduct survey to assess losses for compensation.

According to the notification, Karachi south, west, east, central, Korangi, Malir, Hyderabad, Badin, Thatta, Sajawal, Jamshoro, Tando Mohammad Khan, Tando Allahyar, Matiari, Dadu, Mirpurkhas, Umerkot, Tharparker, Shaheed Benazirabad and Sanghar have been declared calamity hit.

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Ashura Day is being celebrated with respect across the country

Youm-e-Ashur, the tenth of Muharram, is being observed today with solemnity and sanctity to pay homage to Hazrat Imam Hussain (A.S) and his companions who laid down their lives in Karbala.

Processions will be taken out in different cities to mourn the martyrdom of Hazrat Imam Hussain (A.S), the grandson of Prophet Muhammad (Peace Be Upon Him).

Majalis will be held across the country where ulema will highlighting the philosophy of Karbala and pay tributes to the martyrs.

Strict security arrangements have been put in place to thwart off any unwanted incident, while Standard Operating Procedures (SOPs) have been issued for the mourning processions after consultations with the religious scholars to stem the spread of coronavirus.

The day will start with special prayers at mosques and imambargahs while all markets and business centres will remain closed on the occasion of Ashura.

Sacrifice of Imam Hussain (A.S), his companions guiding principle for Muslims: President Alvi, PM Imran

In their message on the occasion of Yaum-e-Ashur, President Arif Alvi and Prime Minister Imran Khan said the sacrifice of Hazrat Imam Hussain (A.S) and his companions is, in fact, a guiding principle for the Muslims which taught them to sacrifice everything during the struggle for truth.

President Alvi said the martyrdom of Hazrat Imam Hussain (A.S) was, in fact, the victory of truth, and symbol of steadfastness against oppression and a glorious example of sacrifice.

The president urged the countrymen to pledge to take every step for the victory of truth, promotion of justice, adherence to Islamic values, and for national progress and prosperity.

PM Imran in his message said the battle of Karbala fought between truth and falsehood has made it clear that the real success and steadfastness is the passion to sacrifice everything for revival and promotion of Islamic values.

Paying tribute to the sacrifice of Kashmiri people, he said they have kept the teachings of Hazrat Imam Hussain (A.S) alive and just like Karbala, they also made Kashmir an example of the battle between truth and falsehood.

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Sindh Govt declares 20 districts as Calamity Affected Areas

Sindh government has declared twenty districts of the province as "Calamity Affected Areas".

According to the notification issued by Relief Commissioner Sindh, the heavy rainfall during Monsoon caused losses to human lives and property in various districts of the province.

The Deputy Commissioners of the affected districts will immediately conduct survey to assess losses for compensation.

According to the notification, Karachi south, west, east, central, Korangi, Malir, Hyderabad, Badin, Thatta, Sajawal, Jamshoro, Tando Mohammad Khan, Tando Allahyar, Matiari, Dadu, Mirpurkhas, Umerkot, Tharparker, Shaheed Benazirabad and Sanghar have been declared calamity hit.

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Ashura Day is being celebrated with respect across the country

Youm-e-Ashur, the tenth of Muharram, is being observed today with solemnity and sanctity to pay homage to Hazrat Imam Hussain (A.S) and his companions who laid down their lives in Karbala.

Processions will be taken out in different cities to mourn the martyrdom of Hazrat Imam Hussain (A.S), the grandson of Prophet Muhammad (Peace Be Upon Him).

Majalis will be held across the country where ulema will highlighting the philosophy of Karbala and pay tributes to the martyrs.

Strict security arrangements have been put in place to thwart off any unwanted incident, while Standard Operating Procedures (SOPs) have been issued for the mourning processions after consultations with the religious scholars to stem the spread of coronavirus.

The day will start with special prayers at mosques and imambargahs while all markets and business centres will remain closed on the occasion of Ashura.

Sacrifice of Imam Hussain (A.S), his companions guiding principle for Muslims: President Alvi, PM Imran

In their message on the occasion of Yaum-e-Ashur, President Arif Alvi and Prime Minister Imran Khan said the sacrifice of Hazrat Imam Hussain (A.S) and his companions is, in fact, a guiding principle for the Muslims which taught them to sacrifice everything during the struggle for truth.

President Alvi said the martyrdom of Hazrat Imam Hussain (A.S) was, in fact, the victory of truth, and symbol of steadfastness against oppression and a glorious example of sacrifice.

The president urged the countrymen to pledge to take every step for the victory of truth, promotion of justice, adherence to Islamic values, and for national progress and prosperity.

PM Imran in his message said the battle of Karbala fought between truth and falsehood has made it clear that the real success and steadfastness is the passion to sacrifice everything for revival and promotion of Islamic values.

Paying tribute to the sacrifice of Kashmiri people, he said they have kept the teachings of Hazrat Imam Hussain (A.S) alive and just like Karbala, they also made Kashmir an example of the battle between truth and falsehood.

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