Tuesday, May 10, 2022

Awn Chaudhry appointed as Prime Minister's adviser

Awn Chaudhry appointed adviser to Shehbaz Sharif
Awn Chaudhry, a key member of the Jahangir Tareen Khan group, has been appointed as the adviser to Prime Minister Shehbaz Sharif on sports and tourism.

President Arif Alvi approved the appointment on the advice of PM Shehbaz, following which an official notification was also issued.

According to the notification, Chaudhry’s post will be equal to that of a federal minister.



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Chief Minister Punjab removes advocate-general Ahmed Awais

CM Punjab removes Ahmed Awais
After assuming power, the newly elected chief minister of Punjab removed the advocate-general of Punjab, Ahmed Awais.

In a summary sent to the governor of Punjab on Tuesday, Chief Minister Hamza Shehbaz sacked the advocate-general with immediate effect.

Ahmed Awais was appointed on July 29, 2020 by the previous chief minister, Usman Buzdar.

After removing Awais, the chief minister advised that Akhtar Javaid, the additional attorney-general of Punjab, serve as the advocate-general till a new appointment is made.

Awais is a senior lawyer of the Supreme Court and has previously also served as the advocate-general in the province from 2018 to 2019. Back then, he resigned after contempt proceedings were initiated against him by a Lahore High Court bench during a hearing into the case of Model Town.

Awais was again appointed to the post in 2020. He has also served as the president of the Lahore High Court Bar Association.



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Awn Chaudhry appointed as Prime Minister's adviser

Awn Chaudhry appointed adviser to Shehbaz Sharif
Awn Chaudhry, a key member of the Jahangir Tareen Khan group, has been appointed as the adviser to Prime Minister Shehbaz Sharif on sports and tourism.

President Arif Alvi approved the appointment on the advice of PM Shehbaz, following which an official notification was also issued.

According to the notification, Chaudhry’s post will be equal to that of a federal minister.



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FIA arrests suspect who shared Maryam Nawaz's fake pictures on social media

FIA arrests the person who shared Maryam's fake pictures
Federal Investigation Agency's (FIA) cybercrime wing has arrested an alleged worker of PTI for uploading fake images of PML-N Vice President Maryam Nawaz on social media.

According to the FIR, the suspect, Fayyaz ud Din, son of Ishraq ud Din, who is a resident of Sabz Ali Town Warsak Road, Peshawar, has been booked under Section 21, 24 of Pakistan Electronic Crimes Act (PECA) 2016 and 509 of Pakistan Penal Code.

The FIA presented the suspect in a relevant court, which remanded him for seven days in prison.

Media reports suggest that Fayyaz launched a social media campaign to malign PML-N by uploading Maryam's fake videos and pictures.



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FIA arrests suspect who shared Maryam Nawaz's fake pictures on social media

FIA arrests the person who shared Maryam's fake pictures
Federal Investigation Agency's (FIA) cybercrime wing has arrested an alleged worker of PTI for uploading fake images of PML-N Vice President Maryam Nawaz on social media.

According to the FIR, the suspect, Fayyaz ud Din, son of Ishraq ud Din, who is a resident of Sabz Ali Town Warsak Road, Peshawar, has been booked under Section 21, 24 of Pakistan Electronic Crimes Act (PECA) 2016 and 509 of Pakistan Penal Code.

The FIA presented the suspect in a relevant court, which remanded him for seven days in prison.

Media reports suggest that Fayyaz launched a social media campaign to malign PML-N by uploading Maryam's fake videos and pictures.



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Monday, May 9, 2022

Sri Lankan PM quits after violent clashes

Sri Lanka Prime Minister Mahinda Rajapaksa
Sri Lanka Prime Minister Mahinda Rajapaksa resigned on Monday, his spokesman said, shortly after violent clashes between his supporters and anti-government protesters left 78 people wounded.

The 76-year-old sent his letter of resignation to his younger brother, President Gotabaya Rajapaksa, clearing the way for a “new unity government”, spokesman Rohan Weliwita said.

Earlier in the day, the Sri Lankan authorities imposed a nationwide curfew and deployed the army after dozens of people were hospitalised when government supporters armed with sticks and clubs attacked protestors, AFP reporters said.

The US ambassador to Sri Lanka condemned “the violence against peaceful protestors today, and call on the government to conduct a full investigation, including the arrest & prosecution of anyone who incited violence”.

Sri Lankans have suffered months of blackouts and dire shortages of food, fuel and medicines in the island's worst economic crisis since independence, sparking weeks of overwhelmingly peaceful anti-government demonstrations.

But on Monday, the biggest clashes since the start of the crisis erupted in Colombo when supporters of the family of the president and the prime minister, went on the rampage, AFP reporters at the scene said.

Police fired tear gas and water cannon and declared an immediate curfew in Colombo which was later widened to include the entire South Asian island nation of 22 million people.

At least 78 injured people were hospitalised, Colombo National Hospital spokesman Pushpa Soysa told AFP. Officials said that the army riot squad was called in to reinforce police.

Soldiers have been deployed throughout the crisis to protect deliveries of fuel and other essentials but until now, not to prevent clashes.

Scores of Rajapaksa loyalists attacked unarmed protesters camping outside the president's office at the seafront Galle Face promenade in downtown Colombo since April 9, AFP reporters said.

The violence began after several thousand supporters of the prime minister, brought in buses from rural areas, poured out of his nearby official residence.

Rajapaksa had addressed some 3,000 supporters at his house and pledged he would “protect the interests of the nation.”

The supporters then initially pulled down tents of protesters in front of the prime minister's Temple Trees residence and torched anti-government banners and placards.

They then marched to the nearby Galle Face seafront promenade and began destroying other tents set up by the “Gota go home” campaign that demands the president step down.



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Bitcoin falls to 10-month low as stock markets tumble

Bitcoin
Bitcoin fell to its lowest level since July 2021 on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks.

Bitcoin dropped to as low as $32,763.16 shortly before 1100 GMT, in its fifth consecutive session of falling.

The cryptocurrency has dropped 13 per cent so far in May and has lost more than half its value since it hit an all-time high of $69,000 in November last year.

"I think everything within crypto is still classed as a risk asset, and similar to what we've seen with the Nasdaq, most cryptocurrencies are getting pummelled," said Matt Dibb, COO of Singapore-based crypto platform Stack Funds.

The tech-heavy Nasdaq fell 1.5pc last week and has lost 22pc year to date, hurt by the prospect of persistent inflation forcing the US Federal Reserve to hike rates despite slowing growth. Nasdaq futures were down a further 2.3pc on Monday.

Dibb said other factors in the decline over the weekend — Bitcoin closed on Friday around $36,000 — were the cryptomarket's notoriously low liquidity over the weekends, and also short-lived fears that the algorithmic stablecoin called Terra USD (UST) could lose its peg to the dollar.

Stablecoins are digital tokens pegged to other traditional assets, often the US dollar.

UST is closely watched by the crypto community both because of the novel way in which it maintains its 1:1 dollar peg, and because its founders have set out plans to build a reserve of $10 billion worth of bitcoin to back the stablecoin, meaning volatility in UST could potentially spill over into bitcoin markets.

Ether, the world's second-largest cryptocurrency, which underpins the Ethereum network, fell as low as $2,360 on Monday, its lowest since late February.



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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...