NA-133 by-Elections: Maryam,Shahbaz extend congratulations on PML-N's victory

President Pakistan Muslim League – Nawaz (PML-N) Shahbaz Sharif and Vice-president PML-N Maryam Nawaz extended their congratulations on party’s victory in NA-133 by-elections.

According to the results of 254 different polling station of the constituency, PML-N representative Shaista Malik Parveiz bagged 46,811 votes while emrged victorious with a lead of 14,500 votes while the PPP s representative Aslam Gill remained runner up by securing 32,313 votes.

According to forum 47, the results of 254 were calculated. Out of 440485 votes in the constituency, 80997 votes were casted. The voters turn-out remained 18.59 per cent out of which 50936 were males and 30959 females citizens whereas, 898 votes were wasted.

Earlier, Pakistan Muslim League – Nawaz’s (PML-N) candidate Shaista Malik Pervaiz filed application against polling staff of constituency NA-133.

As per details, the candidate stated that in the polling station of constituency 232, 233 and 234 the presiding officers were involved in compelling public to cast vote in favor of Pakistan Peoples Party s (PPP) candidate.

 

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Donald Trump's new social media firm raise $1bn

Donald Trump's new social media firm says it has entered into agreements to raise $1bn (£755m) from investors ahead of a planned stock market listing. The Trump Media & Technology Group is working to launch a social media app called Truth Social early next year.

It comes as Mr Trump remains banned from Twitter and Facebook following the attack on the US Capitol in January.

Donald Trump's said, "$1bn sends an important message to Big Tech that censorship and political discrimination must end." 

"As our balance sheet expands, Trump Media & Technology Group will be in a stronger position to fight back against the tyranny of Big Tech."

Mr Trump announced plans to launch Truth Social earlier this year, saying it would allow conversation "without discrimination on the basis of political ideology".

The Trump Media & Technology Group has partnered on the project with Digital World Acquisition, a so called special purpose acquisition company (Spac) or "blank cheque company".

Spacs, which became a major story in the US stock market at the start of this year, are shell companies that are set up with the sole purpose of merging with a private firm to take it public. However, they have lost much of their lustre after some of the companies that merged with them failed to deliver on their ambitious financial projections.

On Saturday, Mr Trump's firm said it had secured the $1bn from from "a diverse group of institutional investors" without revealing who they were. According to reports, the social media venture is now valued at almost $4bn.

It would appear to underscore the former US president's ability to attract strong financial backing despite the controversy surrounding his time in charge.

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NA-133 by-Elections: Maryam,Shahbaz extend congratulations on PML-N's victory

President Pakistan Muslim League – Nawaz (PML-N) Shahbaz Sharif and Vice-president PML-N Maryam Nawaz extended their congratulations on party’s victory in NA-133 by-elections.

According to the results of 254 different polling station of the constituency, PML-N representative Shaista Malik Parveiz bagged 46,811 votes while emrged victorious with a lead of 14,500 votes while the PPP s representative Aslam Gill remained runner up by securing 32,313 votes.

According to forum 47, the results of 254 were calculated. Out of 440485 votes in the constituency, 80997 votes were casted. The voters turn-out remained 18.59 per cent out of which 50936 were males and 30959 females citizens whereas, 898 votes were wasted.

Earlier, Pakistan Muslim League – Nawaz’s (PML-N) candidate Shaista Malik Pervaiz filed application against polling staff of constituency NA-133.

As per details, the candidate stated that in the polling station of constituency 232, 233 and 234 the presiding officers were involved in compelling public to cast vote in favor of Pakistan Peoples Party s (PPP) candidate.

 

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Alibaba overhauls e-commerce businesses, names new CFO

Alibaba Group Holding Ltd (9988.HK) said it will reorganise its international and domestic e-commerce businesses and replace its CFO - changes that come as the tech giant grapples with an onslaught of competition, a slowing economy and a regulatory crackdown.

It will form two new units - international digital commerce and China digital commerce which it said was part of efforts to become more agile and accelerate growth.

The international digital commerce unit will include AliExpress which sells to retail buyers particularly in Europe and South America, its Southeast Asian e-commerce business Lazada and Alibaba.com which is more focused on selling to overseas business customers.

It will be headed by Jiang Fan, who had been in charge of its main Chinese retail marketplaces, and the change is seen in line with Alibaba's aim to make 'globalisation' a key focus area in addition to cloud computing and domestic consumer spending.

Globalisation "helps Alibaba to get new traffic volume externally (and) seek new growth potential while China has been increasing supervision," said Hong Kong-based Guotai Junan analyst Danny Law.

The China digital commerce unit will include Alibaba's two main marketplaces, Tmall for established brands and Taobao which welcomes all kinds of merchants. It will be led by Trudy Dai, who has previously overseen a number of Alibaba platforms.

The new structure for domestic e-commerce puts Dai in charge of all China retail marketplaces, including Taocaicai - its community e-commerce service, Taobao Deals as well as Lingshoutong, a retail management platform for mom and pop stores, said 86research.com analyst Xiaoyan Wang.

"This could possibly unlock more synergies via cross-selling and integration of supply chain," she said.

Alibaba also announced that deputy chief financial officer Toby Xu will succeed Maggie Wu as CFO from April, describing his appointment as part of the company's leadership succession plan. Xu joined Alibaba from PWC three years ago.

The e-commerce giant's Hong Kong-listed shares slid 6% in early morning trade, tracking Friday declines made in the United States.

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Govt to hold in-camera briefing on national security today without Opposition

The PTI-led government has decided to hold its in-camera briefing of the national security committee by National Security Adviser Moeed Yusuf today (Monday) in the absence of Opposition parties.

The Opposition, on Thursday, had announced a boycott of the meeting of the Parliamentary Committee on National Security (PCNS), citing the government's "dictatorial" behaviour as its reason. But the government urged the Opposition to review their decision and earnestly attend the briefing.

The publication stated that the government has decided to hold the fourth in-camera briefing today at noon, once again extending an invitation to leader of the Opposition in the National Assembly Shahbaz Sharif and PPP Chairperson Bilawal Bhutto-Zardari despite their refusal to attend the meeting.

“The fourth in-camera meeting of the PCNS will be held as per its schedule on Monday, the 6th December, at 12:00 noon in the Committee Room No 2, Parliament House,” read a revised notice of the National Assembly Secretariat.

The revised notice has been issued in continuation of the November 30 notification through which National Assembly Speaker Asad Qaiser had summoned the national security meeting to discuss the security situation in the country and the region. The NSA is scheduled to give a presentation on the national security policy in the briefing.

Accusing the government of riding roughshod over the Constitution and making Parliament a “rubber stamp”, the joint opposition had announced a boycott of the in-camera briefing slated to be held on December 6.

The opposition was also irked by the ruling party’s act of bulldozing bills during the joint session of Parliament and the conspicuous absence of Prime Minister Imran Khan from the previous sessions of the PCNS.

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Pakistan records 336 fresh corona cases in last 24 hrs

Pakistan has reported 10 deaths in the last 24 hours by novel coronavirus as the number of positive cases has surged to 1,287,161. The nationwide tally of fatalities has jumped to 28,777 on Monday.

According to the latest figures by the National Command and Operation Center (NCOC) 336 persons tested positive for COVID-19 in the past 24 hours.
Punjab remains the worst-hit province in terms of deaths followed by Sindh and Khyber Pakhtunkhwa.

Till now 13,041 individuals have lost their lives to the epidemic in Punjab, 7,626 in Sindh 5,862 in KP, 960 in Islamabad, 742 in Azad Kashmir, 360 in Balochistan, and 186 in GB.

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PDM gets ready for long march, resignations

The steering committee of the Pakistan Democratic Movement (PDM) formulated recommendations for the long march and plan for resignations during a meeting chaired by PML-N leader Shahid Khaqan Abbasi, as the united opposition gears up to protest the incumbent government and rising inflation.

The PDM steering committee will present these recommendations before the heads of the alliance's political parties in a separate meeting.

During the steering committee's meeting, the members agreed that the PDM should organise a long march and its members of assemblies should tender resignations. However, the date and time for the march and resignations are yet to be decided and are expected to be finalised in today's (Monday) meeting under the chairmanship of PDM chief Maulana Fazlur Rehman.

Sources privy to the matter said that conventions and protest rallies will be held in all four provinces to prepare for the long march.

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