Friday, December 3, 2021

Domestic inflation is lower than last year: Tarin

Domestic inflation is lower than last year: Tarin
Adviser to Prime Minister on Finance and Revenue Shaukat Tarin on Friday stated that the country's economy is moving in the right direction, adding that exports and remittances will shrink Pakistan's widening trade gap.

Speaking during a press conference along with Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood, the PM's aide addressed the anxiety among the investors caused due to a historic high trade deficit.

"An increase in revenue means that the country's economy is growing," Tarin said, highlighting that our exports and remittances have also increased significantly.

The adviser claimed that the economy and the economic situation in Pakistan "is moving in the right direction."

He mentioned that rising commodity prices in the international market have increased the import bill by $1.5 billion.

Shedding light on soaring inflation, Tarin said that the items whose prices increased were all imported goods.

"Revenue is now 36% higher than last year," he said, adding that inflation is rising globally.

The adviser mentioned that domestic inflation is lower than last year.



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Azam Swati apologises to ECP

Azam Swati apologises to ECP
Federal Minister for Railways and PTI leader Azam Swati Friday apologised to the Election Commission of Pakistan (ECP) over his allegations against the commission.

A bench, comprising ECP members Nisar Ahmed Durrani and Shah Mohammad Jatoi, conducted the hearing of the show-cause notice issued against the minister.

During the hearing, Barrister Ali Zafar, lawyer for Azam Swati, appeared before the ECP and submitted an apology letter from the federal minister.

"Was he avoiding coming [before the court]?" asked a commission member.

"He [Azam Swati] had to go to Quetta for some important work, otherwise he would have come," answered Barrister Ali Zafar.



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Azam Swati apologises to ECP

Azam Swati apologises to ECP
Federal Minister for Railways and PTI leader Azam Swati Friday apologised to the Election Commission of Pakistan (ECP) over his allegations against the commission.

A bench, comprising ECP members Nisar Ahmed Durrani and Shah Mohammad Jatoi, conducted the hearing of the show-cause notice issued against the minister.

During the hearing, Barrister Ali Zafar, lawyer for Azam Swati, appeared before the ECP and submitted an apology letter from the federal minister.

"Was he avoiding coming [before the court]?" asked a commission member.

"He [Azam Swati] had to go to Quetta for some important work, otherwise he would have come," answered Barrister Ali Zafar.



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Sialkot factory workers' mob tortures foreign manager to death

Sialkot factory workers' mob tortures foreign manager to death
A foreigner working at a private factory on Wazirabad Road in Sialkot was tortured to death on Friday by a mob.

According to DPO Omar Saeed Malik, the incident took place on Wazirabad Road in Sialkot where the manager of a private factory was severely beaten to death by employees.

Per police reports, the employees also vandalised the factory located on Wazirabad Road and blocked traffic.

Upon receiving a report of the incident, a heavy contingent of police reached the spot and tried to control the situation.

According to police officials, after successful talks with a visibly angry group of protesters, traffic was resumed on Wazirabad Road.

The DPO said an investigation into the death of the foreign manager is underway.

CM orders inquiry

Responding to the development, Chief Minister Punjab Usman Buzdar said he was "extremely shocked at the horrific Sialkot incident", as he stressed that no one was allowed to take the law into their hands.

"I have instructed IG Police to thoroughly investigate it [...] Rest assured, individuals involved in this inhumane act will not be spared!!" the chief minister said.



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Sialkot factory workers' mob tortures foreign manager to death

Sialkot factory workers' mob tortures foreign manager to death
A foreigner working at a private factory on Wazirabad Road in Sialkot was tortured to death on Friday by a mob.

According to DPO Omar Saeed Malik, the incident took place on Wazirabad Road in Sialkot where the manager of a private factory was severely beaten to death by employees.

Per police reports, the employees also vandalised the factory located on Wazirabad Road and blocked traffic.

Upon receiving a report of the incident, a heavy contingent of police reached the spot and tried to control the situation.

According to police officials, after successful talks with a visibly angry group of protesters, traffic was resumed on Wazirabad Road.

The DPO said an investigation into the death of the foreign manager is underway.

CM orders inquiry

Responding to the development, Chief Minister Punjab Usman Buzdar said he was "extremely shocked at the horrific Sialkot incident", as he stressed that no one was allowed to take the law into their hands.

"I have instructed IG Police to thoroughly investigate it [...] Rest assured, individuals involved in this inhumane act will not be spared!!" the chief minister said.



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NAB arrests Agha Siraj Durrani from outside SC

Agha Siraj Durrani to surrendered before NAB
Sindh Assembly Speaker Agha Siraj Durrani was arrested from outside the Supreme Court after the apex court had earlier ordered him to surrender before the National Accountability Bureau (NAB).

The orders were given during a hearing of the provincial assembly speaker's plea seeking bail in an assets beyond means case.

A three-member bench, headed by Justice Umar Ata Bandial, was hearing the plea.

During the hearing, Justice Mansoor Ali Shah observed that the Sindh High Court rejected Durrani's bail plea on the basis of merit.

"Supreme Court cannot conduct a hearing on this plea without the high court's verdict," he remarked.

"You must have been in the jail if SHC had rejected your bail plea," Justice Sajjad Ali Shah said while addressing Durrani.

"Why should the court offer you leniency when you didn't surrender to the police?" he asked.

The apex court ordered Durrani to turn himself in, saying: "First comply with the SHC's order and surrender before NAB and then [the court] will conduct a hearing on this case next week."

Meanwhile, the SC also rejected Durrani's request to restrict NAB officials from arresting him from the courtroom.

"We have turned ourselves in before you [apex court]," Naqvi said.

At this, Justice Bandial directed Durrani to first surrender before NAB. "We had given you concession earlier as well. There is a high court's order against you."

"We will not interfere in NAB’s matter,” the judge stated.

The court later adjourned the case till next week.

Earlier, the apex court had nullified the SHC's orders pertaining to his release on bail in the case.

Durrani and 18 others accused have been indicted in the case by an accountability court in Karachi.

The case

The anti-graft watchdog had filed a reference against the PPP leader, his family members and others for allegedly accumulating assets worth Rs1.6 billion through illegal means.

The anti-graft watchdog claims Durrani was unable to account for a difference of Rs1,610,669,528 between his declared income from 1985 to 2018, and assets including properties and vehicles.

The bureau's report said Durrani misrepresented the value of 27 declared and undeclared assets including properties and investments. NAB said the assets were valued at Rs479.4 million but the PPP leader showed them to be worth Rs151.6 million.



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Minister informatio urges opposition to review decision to boycott briefing on national security

Minister iformatio urges Opposition to review decision to boycott briefing on national security
Federal Minister for Information and Broadcasting Fawad Chaudhry, in reaction to the Opposition's announcement to boycott the upcoming in-camera briefing of the national security committee, said that the decision is unfortunate.

The Opposition parties announced on Thursday their decision not to participate in the meeting to be held on December 6, citing the government's "dictatorial" behaviour as its reason.

Taking to Twitter, Fawad urged the Opposition to review its decision and earnestly attend the meeting.

 

"It is the first time in seven decades that a government is presenting its policy on national security in the Parliament," he wrote.

"It is a matter of national security, not a political affair," Chaudhry said.



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Islamabad court dismisses Gill’s bail plea in sedition case

A District and Sessions court of Islamabad dismissed the post arrest bail petition of PTI leader Shahbaz Gill on Tuesday. Additional Dist...