Ashfaq group to talk with normalisation committee to overcome football crisis

The ongoing crisis in the Pakistan Football Federation is expected to end as the Ashfaq Hussain Shah group, the occupant of the PFF headquarters in Lahore, has finally expressed its willingness to talk with the FIFA appointed normalisation committee.

This is first time that talks will take place since the group allegedly forcibly took over PFF office from the Normalisation Committee which has led to suspension of Pakistan from FIFA.

In a statement, Ashfaq group announced on Monday that they have formed a five-member committee headed by Malik Aamir Dogar to negotiate with the normalisation committee and the government to hold PFF elections.

The development comes after a top government official directed the Ashfaq group to immediately vacate the PFF office and hand it over to the normalisation committee, sources privy to the matter told Geo News.

Sharafat Hussain Bukhari, a member of Ashfaq group’s consultation committee, told Geo News that they are willing to do everything for betterment of Pakistan football.

“We were willing for betterment and that’s why we had handed over the affairs to NC in 2019. We are still ready to play our role in making things better,” he added.

The well-placed sources said that Federal Minister of Inter-provincial Coordination Fehmida Mirza was playing a key role in resolving the issue.

She held an online meeting with officials of Normalisation Committee on Monday afternoon to discuss the election roadmap and PFF constitution.

It was also agreed, during the meeting, that whenever the elections are held, an official of IPC ministry will oversee the proceedings as observer, a suggestion that is also welcomed by both — NC and the Ashfaq group.

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Application with 'relevant facts' for annulment of Avenfield verdict in IHC filed by Maryam

PML-N Vice President Maryam Nawaz on Tuesday filed a new application with the Islamabad High Court (IHC) seeking annulment of the verdict in the Avenfield Apartment reference.

Accountability Court judge Mohammad Bashir had on July 6, 2018 — 19 days before the general elections — convicted former prime minister Nawaz Sharif, his daughter Maryam Nawaz and her husband retired Captain Mohammad Safdar in the Avenfield Apartment reference and handed them jail terms of 10, seven and one years, respectively, for owning assets beyond known sources of income.

They had filed appeals in the IHC against the conviction. The court had on Sep 18 the same year suspended their sentences and released them on bail.

NAB is now seeking expeditious disposal of the appeals in 30 days.

In her petition, a copy of which is available with Dawn.com, which she filed through Advocate Irfan Qadir, Maryam said the entire proceedings that resulted in her conviction were a "classic example of outright violations of law and political engineering hitherto unheard of in the history of Pakistan".

She also attached a reference to the speech made by former IHC judge Shaukat Aziz Siddiqui at the District Bar Association, Rawalpindi on July 21, 2018, wherein he had claimed that the country's top intelligence agency was involved in manipulating judicial proceedings.

"The ISI officials had approached the chief justice asking him to make sure Nawaz and his daughter should not be bailed before the elections," reads the petition, quoting an excerpt from ex-judge Siddiqui's speech.

In a tweet later, Maryam said the media "for reasons known to everyone" had not highlighted the core subject of her petition submitted to the IHC. "The summary of which is that the case/verdict against me was pre-planned, orchestrated and influenced by Gen Faiz Hameed, the then DG [counter-intelligence]," she wrote, referring to the current Inter-Services Intelligence (ISI) chief.

She said the same had been "revealed" by Justice Siddiqui, "who has exposed the manner in which law, principles of justice & fair-play were not only violated but made a mockery of, making this case a classic example of how political victimisation in Pakistan is carried out at the cost of judiciary, constitution & law".

The manner in which the case unfolded "also makes evident how individuals [such] as Gen Faiz Hameed not only violate the sanctity of their oath but also in doing that bring a bad name to the revered institution of The Armed Forces that resultantly has to bear the brunt of personal ambitions", the PML-N leader alleged.

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Application with 'relevant facts' for annulment of Avenfield verdict in IHC filed by Maryam

PML-N Vice President Maryam Nawaz on Tuesday filed a new application with the Islamabad High Court (IHC) seeking annulment of the verdict in the Avenfield Apartment reference.

Accountability Court judge Mohammad Bashir had on July 6, 2018 — 19 days before the general elections — convicted former prime minister Nawaz Sharif, his daughter Maryam Nawaz and her husband retired Captain Mohammad Safdar in the Avenfield Apartment reference and handed them jail terms of 10, seven and one years, respectively, for owning assets beyond known sources of income.

They had filed appeals in the IHC against the conviction. The court had on Sep 18 the same year suspended their sentences and released them on bail.

NAB is now seeking expeditious disposal of the appeals in 30 days.

In her petition, a copy of which is available with Dawn.com, which she filed through Advocate Irfan Qadir, Maryam said the entire proceedings that resulted in her conviction were a "classic example of outright violations of law and political engineering hitherto unheard of in the history of Pakistan".

She also attached a reference to the speech made by former IHC judge Shaukat Aziz Siddiqui at the District Bar Association, Rawalpindi on July 21, 2018, wherein he had claimed that the country's top intelligence agency was involved in manipulating judicial proceedings.

"The ISI officials had approached the chief justice asking him to make sure Nawaz and his daughter should not be bailed before the elections," reads the petition, quoting an excerpt from ex-judge Siddiqui's speech.

In a tweet later, Maryam said the media "for reasons known to everyone" had not highlighted the core subject of her petition submitted to the IHC. "The summary of which is that the case/verdict against me was pre-planned, orchestrated and influenced by Gen Faiz Hameed, the then DG [counter-intelligence]," she wrote, referring to the current Inter-Services Intelligence (ISI) chief.

She said the same had been "revealed" by Justice Siddiqui, "who has exposed the manner in which law, principles of justice & fair-play were not only violated but made a mockery of, making this case a classic example of how political victimisation in Pakistan is carried out at the cost of judiciary, constitution & law".

The manner in which the case unfolded "also makes evident how individuals [such] as Gen Faiz Hameed not only violate the sanctity of their oath but also in doing that bring a bad name to the revered institution of The Armed Forces that resultantly has to bear the brunt of personal ambitions", the PML-N leader alleged.

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Gold prices decline Rs300 to Rs114,200 per tola

The price of 24 karat per tola gold decreased by Rs 300 per tola and was trade at Rs 114,200 on Monday against its sale at Rs 114,500 in the local market the previous day, Karachi Sarafa and Jewellers Group reported.

The price of 10 gram 24 karat also decreased by Rs 257 and was sold at Rs 97,908 against its sale at Rs 98,165 whereas that of 10 gram 22 karat decreased to Rs 89,750 from Rs 89,985.

The price of per tola and ten gram silver remained constant at Rs 1400 and Rs 1200.27.

The price of gold in international market decreased by US$13 and was traded at US$1748 against its sale at US$1761.

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Bitcoin hits $50k for first time in four weeks

Cryptocurrency investment products and funds recorded inflows for a seventh straight week, as institutional investors warmed to more supportive statements from regulators, data from digital asset manager CoinShares showed on Monday.

Inflows to the sector were $90.2 million last week, led by bitcoin which snagged $69 million, according to CoinShares data as of Oct. 1. Over the past seven weeks, crypto inflows reached $390 million. For 2021, inflows totaled $6.1 billion.

Bitcoin recorded its third straight week of inflows.

"We believe this decisive turnaround in sentiment is due to growing confidence in the asset class amongst investors and more accommodative statements from the U.S. Securities Exchange Commission and the Federal Reserve," wrote James Butterfill, investment strategist, at CoinShares.

SEC Chairman Gary Gensler last week at a Financial Times conference reiterated his support for bitcoin exchange traded funds that would invest in futures contracts instead of the digital currency itself.

A day later, Fed Chair Jerome Powell, in remarks before Congress, said the Fed had no intention of banning cryptocurrencies.

Bitcoin on Monday hit a four-week high of just under $50,000 and was last up 2.3% at $49,333.

Blockchain data provider Glassnode, in its latest research note on Monday, pointed out that as bitcoin rallied out of its narrow trading range last week, approximately 10.3% of the circulating supply returned to an unrealized profit.

Ethereum products and funds, meanwhile, posted another week of inflows totalling $20 million, despite conceding market share to bitcoin in recent weeks. Inflows to ether, the token for the Ethereum blockchain, so far this year amount to $1 billion.

Ether was last down 0.4% at $3,403 .

Still, despite consecutive weekly inflows across crypto products, volumes were low at $2.4 billion last week, CoinShares data showed, compared to $8.4 billion in May 2021.

Assets under management at Grayscale and Coinshares, the two largest digital asset managers, climbed last week to $41.1 billion and $4.6 billion, respectively.

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Pakistan reports 54 corona deaths in 24 hours

Pakistan has reported 54 deaths in the last 24 hours by novel coronavirus as the number of positive cases has surged to 1,252,656. The nationwide tally of fatalities has jumped to 27,947 on Tuesday.

According to the latest figures by the National Command and Operation Center (NCOC) 1,308 persons tested positive for COVID-19 in the past 24 hours.

Province-wise Details

Punjab remains the worst-hit province in terms of deaths followed by Sindh and Khyber Pakhtunkhwa.

Till now 12,710 individuals have lost their lives to the epidemic in Punjab 7,442 in Sindh 5,593 in KP, 929 in Islamabad, 738 in Azad Kashmir, 349 in Balochistan, and 186 in GB.

Furthermore 460,748 coronavirus cases have been confirmed in Sindh, 433,687 in Punjab 174,841 in Khyber Pakhtunkhwa, 105,801 in Islamabad, 34,253 in Azad Kashmir, 32,992 in Balochistan and 10,334 in Gilgit-Baltistan.

Tests and Recoveries

Pakistan has so far conducted 19,639,052 coronavirus tests and 48,907 in the last 24 hours. 1,178,883 patients have recovered in the country whereas 3,110 patients are in critical condition.

Positivity Ratio

The COVID-19 positivity ratio was recorded at 2.67 percent.

Vaccine Statistics

So far, 59,565,195 people have received their first dose of coronavirus vaccine including 602,074 in last 24 hours. 29,054,821 citizens have been have been fully vaccinated while 617,625 received their second dose in last 24 hours.

The number of total administered doses has reached to 82,830,350 with 1,185,379 in the last 24 hours.

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Pakistan reports 54 corona deaths in 24 hours

Pakistan has reported 54 deaths in the last 24 hours by novel coronavirus as the number of positive cases has surged to 1,252,656. The nationwide tally of fatalities has jumped to 27,947 on Tuesday.

According to the latest figures by the National Command and Operation Center (NCOC) 1,308 persons tested positive for COVID-19 in the past 24 hours.

Province-wise Details

Punjab remains the worst-hit province in terms of deaths followed by Sindh and Khyber Pakhtunkhwa.

Till now 12,710 individuals have lost their lives to the epidemic in Punjab 7,442 in Sindh 5,593 in KP, 929 in Islamabad, 738 in Azad Kashmir, 349 in Balochistan, and 186 in GB.

Furthermore 460,748 coronavirus cases have been confirmed in Sindh, 433,687 in Punjab 174,841 in Khyber Pakhtunkhwa, 105,801 in Islamabad, 34,253 in Azad Kashmir, 32,992 in Balochistan and 10,334 in Gilgit-Baltistan.

Tests and Recoveries

Pakistan has so far conducted 19,639,052 coronavirus tests and 48,907 in the last 24 hours. 1,178,883 patients have recovered in the country whereas 3,110 patients are in critical condition.

Positivity Ratio

The COVID-19 positivity ratio was recorded at 2.67 percent.

Vaccine Statistics

So far, 59,565,195 people have received their first dose of coronavirus vaccine including 602,074 in last 24 hours. 29,054,821 citizens have been have been fully vaccinated while 617,625 received their second dose in last 24 hours.

The number of total administered doses has reached to 82,830,350 with 1,185,379 in the last 24 hours.

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