PM Imran Khan inaugurates Hakla-D.I. Khan Motorway

Prime Minister Imran Khan on Wednesday inaugurated the Hakla-Dera Ismail Khan Motorway at a ceremony in Islamabad.

The 293 kilometres long Hakla-D.I. Khan Motorway, a key part of the western route of the China-Pakistan Economic Corridor (CPEC), "will benefit the less developed areas of the country", PM Imran Khan said while addressing the inauguration ceremony.

The premier commended the Ministry of Communications on the occasion, saying it has shown "tremendous performance" under Murad Saeed.

He said that, previously, the development of the country was confined only to GT Road, Lahore and onwards to Karachi, which was also called the eastern route of CPEC.
But a country achieves progress if there is uniform development across its length and breadth. It is made possible due to long-term planning like that done by China, which has planned 30 years ahead,” he added.

PM Imran Khan said future planning would envisage a roadmap for progress that embraces all parts of the country.

"If only a few areas are developed, the people living there will become rich and leave behind the population of backward areas in poverty. This is the biggest problem of the developing world," he said.

The prime minister said the Hakla-D.I. Khan Motorway would connect areas which are comparatively less developed.

A lack of facilities had forced the inhabitants of D.I. Khan and Minawali to move to developed cities, which also resulted in brain-drain and flight of talent, he said.

He expressed confidence that the motorway would go a long way towards raising the standards of living of these areas and reduce the travel time between Islamabad and D.I. Khan from seven hours to three.

A statement issued by the official Twitter handle of the Prime Minister's Office had announced the inauguration of the motorway earlier in the day.

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PM Imran Khan inaugurates Hakla-D.I. Khan Motorway

Prime Minister Imran Khan on Wednesday inaugurated the Hakla-Dera Ismail Khan Motorway at a ceremony in Islamabad.

The 293 kilometres long Hakla-D.I. Khan Motorway, a key part of the western route of the China-Pakistan Economic Corridor (CPEC), "will benefit the less developed areas of the country", PM Imran Khan said while addressing the inauguration ceremony.

The premier commended the Ministry of Communications on the occasion, saying it has shown "tremendous performance" under Murad Saeed.

He said that, previously, the development of the country was confined only to GT Road, Lahore and onwards to Karachi, which was also called the eastern route of CPEC.
But a country achieves progress if there is uniform development across its length and breadth. It is made possible due to long-term planning like that done by China, which has planned 30 years ahead,” he added.

PM Imran Khan said future planning would envisage a roadmap for progress that embraces all parts of the country.

"If only a few areas are developed, the people living there will become rich and leave behind the population of backward areas in poverty. This is the biggest problem of the developing world," he said.

The prime minister said the Hakla-D.I. Khan Motorway would connect areas which are comparatively less developed.

A lack of facilities had forced the inhabitants of D.I. Khan and Minawali to move to developed cities, which also resulted in brain-drain and flight of talent, he said.

He expressed confidence that the motorway would go a long way towards raising the standards of living of these areas and reduce the travel time between Islamabad and D.I. Khan from seven hours to three.

A statement issued by the official Twitter handle of the Prime Minister's Office had announced the inauguration of the motorway earlier in the day.

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Apple becomes first company to hit $3 trillion market value, then slips

Apple Inc on Monday become the first company to hit a $3 trillion stock market value, before ending the day a hair below that milestone, as investors bet the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality.

On the first day of trading in 2022, the Silicon Valley company's shares hit an intraday record high of $182.88, putting Apple's market value just above $3tr. The stock ended the session up 2.5 per cent at $182.01, with Apple's market capitalization at $2.99tr.

The world's most valuable company reached the milestone as investors bet that consumers will continue to shell out top dollar for iPhones, MacBooks and services such as Apple TV and Apple Music.

"It's a fantastic accomplishment and certainly worthy to be celebrated," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. "It just shows you how far Apple has come, and how dominant it is seen as in the majority of investors' eyes."

Apple shared the $2trn market value club with Microsoft Corp, which is now worth about $2.5tr. Alphabet Inc, Amazon.com Inc and Tesla Inc have market values above $1tr. Saudi Arabian Oil Co is valued at about $1.9tr, according to Refinitiv.

"The market is rewarding companies that have strong fundamentals and balance sheets, and the companies that are hitting these sort of huge market caps have proven they are strong businesses and not speculation,” said Scott Wren, senior global market strategist at Wells Fargo Investment Insti
Apple's shares have climbed around 5,800pc since co-founder and former chief executive Steve Jobs unveiled the first iPhone in January 2007, far outpacing the S&P 500's (.SPX) gain of about 230pc during the same period.

Under Tim Cook, who in 2011 became chief executive following Jobs' death, Apple has sharply increased its revenue from services like video streaming and music.

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ECP directs to provide scrutiny committee's report to both parties

The Election Commission of Pakistan (ECP) on Tuesday has conducted hearing on a case pertaining to illegal funding of ruling Pakistan Tehreek-e-Insaf (PTI).

During the hearing, the commission has ordered to provide report of scrutiny committee to both the parties over which, the Pakistan Tehreek-e-Insaf (PTI) representative requested to keep the content secrete till the submission of all the replies.

The chief election commissioner said that he is not in the position of stopping anyone to not make the report public.

Subsequently, the hearing has been adjourned for 15 days.

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Foriegn funding Case: PTI collected funds in most transparent manner, says Asad Umar

Minister for Planning and Development, Asad Umar has assured to extend full cooperation to Election Commission of Pakistan in foreign funding case.

Talking to media outside Election Commission of Pakistan in Islamabad on Tuesday, he said PTI has collected funds in the most transparent manner and the nation has full confidence on the leadership of Prime Minister Imran Khan.

He, however, said the secret accounts of PML (N) and the PPP are coming to the surface.

Speaking on the occasion, Minister of State for Information and Broadcasting, Farrukh Habib said the scrutiny committees should immediately submit their reports regarding PML (N) and the PPP to Election Commission.

Earlier, the Election Commission of Pakistan (ECP) on Tuesday has conducted hearing on a case pertaining to illegal funding of ruling Pakistan Tehreek-e-Insaf (PTI).

During the hearing, the commission has ordered to provide report of scrutiny committee to both the parties over which, the PTI representative requested to keep the content secrete till the submission of all the replies.

The chief election commissioner said that he is not in the position of stopping anyone to not make the report public.

Subsequently, the hearing was adjourned for 15 days.

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ECP directs to provide scrutiny committee's report to both parties

The Election Commission of Pakistan (ECP) on Tuesday has conducted hearing on a case pertaining to illegal funding of ruling Pakistan Tehreek-e-Insaf (PTI).

During the hearing, the commission has ordered to provide report of scrutiny committee to both the parties over which, the Pakistan Tehreek-e-Insaf (PTI) representative requested to keep the content secrete till the submission of all the replies.

The chief election commissioner said that he is not in the position of stopping anyone to not make the report public.

Subsequently, the hearing has been adjourned for 15 days.

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Defamation case: IHC issues notice to PM Imran

The Islamabad High Court (IHC) on Tuesday set aside an order of Additional District and Sessions Judge (ADSJ) Mohammad Adnan and issued a notice to Prime Minister Imran Khan seeking his response in a defamation case against Khawaja Asif over the PML-N leader's allegations about misappropriation of funds of Shaukat Khanam Memorial Trust (SKMT).

The premier had filed the defamation suit against Asif in 2012 for recovery of Rs10 billion as the latter had at a press conference levelled allegations about misappropriation of and money laundering through the SKMT funds.

In Dec 2021, the prime minister, while recording his statement before the digitally connected court, which was presided over by the ADSJ, said he was the biggest individual donor of the SKMT from 1991 to 2009 and the investments, against which allegations had been made, were fully recovered by the SKMT without any loss.

The legality of the statement was challenged by the PML-N leader in the IHC on Monday, arguing that the ADSJ had unilaterally closed his right of the prime minister's cross-examination. The petition stated that on December 17 of 2021, before the commencement of proceedings, the court was informed that Asif’s counsel was unable to appear because of sickness, but the ADSJ recorded the premier's statement in the absence of the defence counsel. The petition had requested the IHC to set aside the ADSJ’s order.

IHC Chief Justice Athar Minallah presided over the hearing for the petition today. He questioned that since when the case was pending.

Asif's counsel replied that the defamation suit was filed in 2012 and questions were formulated in 2021, to which the judge asked who was responsible for the delay when the court had ordered that defamation cases be disposed of quickly.

"Are you saying that the delay was caused by Imran Khan? The case is being delayed since 2012. It should have been decided in two months," the judge said.

The counsel responded that both parties had taken adjournments. He said the prime minister had not pursued the case initially and only started doing so later. He added that Asif was in the custody of the National Accountability Bureau for six months — from December 2020 to June 2021 — when the issues were framed.

He added that during that time Asif was unable to consult his lawyer and the ADSJ decided to proceed ex parte on account of the counsel's absence.

"The sessions judge's order is illegal, unsustainable and based on not reading the record," Asif's counsel said, adding that the ADSJ had acted without the authority of the law.

The court was requested to declare the lower court's order illegal and suspend it.

Subsequently, the IHC stayed the ADSJ from conducting proceedings until the next hearing and issued a notice to the premier. The hearing was adjourned to Jan 12.

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