PM vows to establish exemplary rule of law in country

Prime Minister Imran Khan on Tuesday promised to establish an exemplary rule of law in the country and said that everyone, irrespective of their status in society, will be equal before the law.

"We will have to make the powerful abide by the laws of this country, otherwise, the system will never be corrected," the premier said while addressing the Rehmatul-lil-Alameen conference in Islamabad on the occasion of Eid Milad un Nabi, a day of spiritual significance in Islam.

"We cannot win this war unless the rule of law prevails in the country," he said.

The 12th of Rabi ul Awal is being celebrated across the country today (Tuesday) with traditional zeal and fervour. It is the anniversary of the birth of the Holy Prophet Mohammad (PBUH).

At the beginning of the conference, the premier praised the Holy Prophet (PUBH) and said that due to his teachings, Muslims were able to achieve a lot.

"He stressed Muslims to seek knowledge, even if they have to go to China for the purpose. By acquiring knowledge, Muslims became the greatest scientists of the world in the past," the PM said.

The premier added that the Holy Prophet (PBUH) was sent to this world as a blessing to mankind.

"Whoever follows in the footsteps of the Holy Prophet (PUBH) will succeed in life," he said. "Allah has promised that whoever follows the sunnah of his messenger will never fail."

The premier also talked about the prevalent corruption among politicians and said that even those nations that were attacked with atomic bombs survived and rose again but countries where corruption prevails cannot progress.

"You can't destroy a nation's principles through bombing, the premier said, adding that a nation is not poor with resources but it becomes poor without law and justice.

The premier went on to say that in order for democracy to be successful, every individual in a nation has to have high moral standards.

The prime minister then expressed his concern about the youth of the country and said that bringing them towards the path of righteousness is a challenge.

The PM said that parents are unable to take away mobile phones from children by force and cannot block their social media.

"Although there is no compulsion in religion, we can show them the right way. We can, at least, train our children, talk about the bad effects of [western] culture," he said.

PM Imran Khan also talked about growing sexual crimes in the country and said that it has become a "big threat."

"The family system is slowly breaking down due to sexual crimes in Britain. When pornography becomes common in a society, the family system breaks down," he said.

He also talked about the Rehmatul-lil-Alameen Authority and said that a scholar will be authorised to guide media organisations regarding the content being aired.

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Navy thwarts Indian submarine's attempts to enter Pakistani waters: ISPR

Pakistan Navy, in a demonstration of its professional competence and effective vigilance, once again thwarted an attempt by an Indian submarine to enter into Pakistani waters.

The incident took place on October 16, confirmed the ISPR, adding that the Indian naval submarine has been prematurely detected and tracked by the PN Long Range Maritime Patrol Aircraft.

"During the prevailing security milieu, a strict monitoring watch has been kept by Pakistan Navy to safeguard maritime frontiers of Pakistan," reads the ISPR's statement.

The ISPR pointed out that this is the third incident of its kind wherein an Indian submarine has been "prematurely detected and tracked by PN Long Range Maritime Patrol Aircraft".

"The recent incident reflects the deplorable Indian machinations vis-à-vis the commitment and resolve of the Pakistan Navy to defend maritime frontiers of the motherland," said the ISPR.

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International engagement essential to evolve economic situation in Afghanistan: FM

Close coordination is essential to help Afghanistan get on on the path to peace, stability and development, Foreign Minister Shah Mahmood Qureshi told his Iranian counterpart Dr Hossein Amir Abdollahian during a telephone call.

The FM received a call from Dr Abdollahian Monday, during which the two leaders exchanged views on the regional security situation, particularly in Afghanistan.

FM Dr Abdollahian invited FM Qureshi to participate in the second ministerial meeting of the neighboring countries of Afghanistan, to be held in Tehran next week, stressing that Iran fully supported Pakistan’s initiative for a regional approach on Afghanistan.

Qureshi thanked his Iranian counterpart for the invitation and expressed the hope that the meeting would impart further impetus to the regional approach on the situation in Afghanistan.

He emphasised that close coordination was essential to help Afghanistan on the path to peace, stability and development.

The Pakistani FM underlined that sustained international engagement was essential in view of the evolving economic situation in Afghanistan. He expressed the hope that the international community would ramp up the provision of humanitarian assistance on an urgent basis, in view of the upcoming winter season, and take steps to ensure economic stability in the country.

At the initiative of Pakistan, the first ministerial meeting of the neighbouring countries of Afghanistan was held online on September 8.

During it, a joint statement was unanimously adopted. The foreign ministers of China, Iran, Pakistan, Tajikistan, Turkmenistan and Uzbekistan participated.

The ministerial meeting was preceded by a virtual meeting of the special representatives/ envoys of the six neighbouring countries.

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Navy thwarts Indian submarine's attempts to enter Pakistani waters: ISPR

Pakistan Navy, in a demonstration of its professional competence and effective vigilance, once again thwarted an attempt by an Indian submarine to enter into Pakistani waters.

The incident took place on October 16, confirmed the ISPR, adding that the Indian naval submarine has been prematurely detected and tracked by the PN Long Range Maritime Patrol Aircraft.

"During the prevailing security milieu, a strict monitoring watch has been kept by Pakistan Navy to safeguard maritime frontiers of Pakistan," reads the ISPR's statement.

The ISPR pointed out that this is the third incident of its kind wherein an Indian submarine has been "prematurely detected and tracked by PN Long Range Maritime Patrol Aircraft".

"The recent incident reflects the deplorable Indian machinations vis-à-vis the commitment and resolve of the Pakistan Navy to defend maritime frontiers of the motherland," said the ISPR.

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Dengue claims 3 more lives in Islamabad with 141 fresh cases

Dengue fever claimed three more lives in Islamabad during the past 24 hours, lifting the capital’s death toll from the mosquito-borne disease this year to nine.

Sources said that 141 more people tested positive for the disease during this period, pushing the tally to 2,230.

An alarming rise in dengue fever cases has set alarm bells ringing in Islamabad, Punjab, Khyber Pakhtunkhwa (KP) and Sindh.

In Punjab, the death toll from the disease this season has climbed to 21.

Secretary Primary and Secondary Healthcare Department Punjab, Imran Sikandar Baloch said that 279 cases reported in the province in last 24 hours. “Most of the dengue cases, 204, were reported in Lahore,” top health official said.

“Overall 1809 dengue fever patients have been admitted in hospitals across Punjab,” health secretary said.

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Babar Azam in high spirits after victory over West Indies

Pakistani skipper Babar Azam played an impressive knock against West Indies in the Men In Green's first ICC T20 World Cup warm-up match.

The Pakistani captain, who ranks as the best ODI batsman, proved instrumental in his team's victory over the West Indies by scoring a stellar half-century with the help of six 4s and a six.

Pakistan had defeated West Indies by seven wickets through an all-out team effort in their warm-up match.

Taking to his Instagram story, the skipper wrote: "Enjoyed the outing today."

Pakistan's next warm-up match is against South Africa on October 20, before the Men in Green begin their World Cup campaign against India on October 24 and then face New Zealand on October 26.

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Bitcoin nears record high ahead of futures ETF listing

Bitcoin hit a six-month high and was within striking distance of a record on Tuesday as traders bet an anticipated listing of a futures-based US exchange traded fund (ETF) could herald investment flows into bitcoin and cryptocurrency assets.

Bitcoin, the world’s biggest cryptocurrency by market value, rose as far as 1.5 per cent during the Asia session to $62,991, its strongest level since the record peak of $64,895 in April.

It is up some 40pc in October on hopes that the advent of bitcoin ETF, of which several are in the works, will allow billions of dollars managed by pension funds and other institutional investors to flow into the sector.

ProShares’ Bitcoin Strategy ETF is expected to list on Tuesday under the ticker BITO, provided the US regulator, the Securities and Exchange Commission, does not object.

Analysts cautioned that the fund will not invest directly in bitcoin — rather in Chicago-traded futures — and so may not have any immediate implications for flows. But speculators have been wagering its launch is a positive signal for spot prices anyway.

Bitcoin futures rose on Tuesday, last trading at $62,690, and spot prices could rise if cash keeps flowing in, said cryptocurrency analysts at Arcane Research.

“This could lead to more constant buying pressure on CME (an American global markets company), causing the open interest to rise. This will attract more cash and carry opportunities, leading to buying pressure in the spot market,” they said in a note.

Crypto ETFs have launched this year in Canada and Europe amid surging interest in digital assets. VanEck and Valkyrie are among fund managers pursuing US-listed ETF products, although Invesco on Monday dropped its plans for a futures-based ETF.

The Nasdaq on Friday approved the listing of the Valkyrie Bitcoin Strategy ETF and Grayscale, the world’s largest digital currency manager, is planning to convert its Grayscale Bitcoin Trust into a spot bitcoin ETF, CNBC has reported.

ProShares ETF is set to begin trade on Tuesday after a 75-day period during which the SEC could object to its listing elapsed on Monday.

Ether, the second-largest cryptocurrency, has tracked bitcoin’s rise and also traded firmly on Tuesday. It was last up 1.2pc at $3,790.

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