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Showing posts from May, 2022

Oil imports facing foreign exchange constraints

  ISLAMABAD: Amid rising appropriation allotments, the oil business is presently confronting difficulties in organizing worldwide funds for import of rough and oil items. Informed sources let Dawn know that the Petroleum Division had informed the state leader and money serve that game plans of oil imports were getting extreme continuously as unfamiliar banks were not giving funding against letters of credit (LCs) opened by oil showcasing organizations (OMCs) and processing plants with the neighborhood banks. A senior authority let Dawn know that with the exception of two enormous organizations — Pakistan State Oil (PSO) and Pak-Arab Refinery Limited (Parco) — all OMCs and processing plants were attempting to orchestrate import of oil based goods and rough. The sources said around six-seven freights worth $50-75 million each ($350-500m combined) contingent upon size and item were held up at present in light of the expanded gamble following a few basic explanations from the significa...

Trudeau announces Canada handgun 'freeze'

  Head of the state Justin Trudeau has declared a proposed freeze on handgun possession in Canada that would really boycott their importation and deal, following late mass shootings in the United States. The bill should in any case be passed by Parliament, with the decision Liberals holding just a minority of seats. "We're acquainting regulation with carry out a public stop on handgun proprietorship," Trudeau told a news meeting on Monday, joined by many families and companions of survivors of weapon brutality. "This means it will presently not be imaginable to purchase, sell, move or import handguns anyplace in Canada," he said. "As such, we're covering the market for handguns." Days after Canada's most awful mass shooting left 23 dead in rustic Nova Scotia in April 2020, the public authority restricted 1,500 sorts of military-grade or attack style guns. Yet, Trudeau recognized on Monday that firearm brutality keeps on rising. The public autho...

PM Shehbaz says leaked tape 'exposes Imran's hypocrisy, double standards'

  State head Shehbaz Sharif on Sunday said that the sound recording of the supposed phone discussion between Pakistan Peoples Party (PPP) pioneer Asif Ali Zardari and property investor Malik Riaz had "uncovered" PTI Chairman Imran Khan's "false reverence and twofold norms", attesting that his ancestor's "lies stand uncovered". The spilled sound recording — in which the voices were accepted by a larger number of people to be of Zardari and Riaz — was broadly revealed by the electronic media and shared via virtual entertainment on Saturday where the last option could be heard telling the PPP executive that Imran was frantic for a "fix up" with him. In a tweet today, PM Shehbaz said that the implied sound tape had "uncovered" Imran. "The sound tape that surfaced as of late uncovered Imran Khan's deception and twofold guidelines. As opposed to his cases, he looked for NRO (National Reconciliation Ordinance) to save himself ...

Flight with 22 people on board missing in Nepal

  A traveler plane disappeared in Nepal right off the bat Sunday with 22 individuals ready, its carrier said. The Twin Otter airplane took off from the western town of Pokhara at 9:55am (0410 GMT) however before long lost contact with aviation authority. "A homegrown flight headed for Jomsom from Pokhara has lost contact," Sudarshan Bartaula, representative for Tara Air, told AFP. He said there were 19 travelers ready and three team individuals. Phanindra Mani Pokharel, a representative at the Ministry of Home Affairs, said two helicopters have been sent for an inquiry activity. Yet, he said perceivability was low. "The terrible weather conditions is probably going to hamper the inquiry activity. The perceivability is poor to such an extent that nothing should be visible," Pokharel said. Jomsom is a well known journeying objective in the Himalayas around 20 minutes via plane from Pokhara, which lies west of Kathmandu.

Biden takes calculated risk on gun control with backseat approach

WASHINGTON: Joe Biden, the consoler-in-boss, will most likely find precisely perfect message on Sunday as he visits Texas to meet the groups of youngsters slaughtered as they commended the finish of the school year. Yet, Biden, the dealmaker, has stayed obvious in his nonattendance from the conflict of words being pursued over firearm control that has followed the abomination, liking to give his party chiefs access Congress communicate everything for him. "He can't simply be the 'eulogis er-in-boss'. He additionally needs to place the entirety of his office into the authoritative cycle," Peter Ambler, chief for the firearm security bunch Giffords, told Politico. "If not it will seem like he has lost trust." So far, the 79-year-old Democratic US president has seemed hesitant to dive into the subtleties of the guns control banter, a choice that has more to do with commonsense governmental issues than any private reluctance. Weapon control bunches maintain ...

ECC okays import of 3m tonnes of wheat

  ISLAMABAD: Pre-empting deficiency and rising costs, the Economic Coordination Committee (ECC) of the Cabinet on Saturday chose to import 2,000,000 tons of wheat on an administration to-government (G2G) premise, while 1m tons through a worldwide offering process under the current game plan . The ECC meeting managed by Finance Minister Miftah Ismail additionally endorsed valuable awards of almost Rs123 billion including one for installments to legal counselors affiliations and appropriation sum on oil based commodities differential cases of oil organizations. The gathering evaluated the wheat circumstance in the nation and guided the Ministry of Food Security to get the necessities of wheat by the common state run administrations. Passco ASSCO will be the beneficiary office for the imported wheat. Wheat creation diminished from 27.5m tons in 2020-21 to 26.4m tons in 2021-22. Pulls out obligation on palm oil imports to cut down nearby costs The ECC after thought permitted the contin...

Imran Khan says 'police brutality' on Azadi marchers 'condemnable and unacceptable'

 PTI Chairman Imran Khan has posted on Twitter a video montage of supposed police ruthlessness on his Azadi marchers on May 25 and named it "condemnable and unsuitable". Imran Khan's walk for haqeeqi azadi — genuine opportunity — was gone before by the specialists summoning of Section 144, an action used to control get-togethers. Delivering holders were placed set up on significant lanes to hinder their way. Unfazed by the moves, the marchers, who attempted to compel through the holders to advance toward Islamabad, were met with nerve gas as police attempted to scatter them. Police additionally accused at them of implement. "Condemnable and inadmissible," the previous state head said on Sunday. "Mocking the Constitution and Supreme Court orders, this criminal imported government released police severity on our quiet Azadi March dissenters." The night prior to the walk, there were ensuing police strikes on PTI pioneers' homes. "Night before our...

PM vows to ensure peace in Karachi

 ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday promised during a gathering with Sindh Chief Minister Syed Murad Ali Shah that nobody would be permitted to obliterate tranquility of the country's monetary center Karachi. As per the Prime Minister Office (PMO), the CEOs of the nation and Sindh, consented to cooperate for the advancement and success of the common capital. The central clergyman advised the head on expanding incendiary exercises in the whole area, especially in Karachi, to which the head of the state commented that no enemy of state component be permitted to over-indulge harmony. As of late, three Chinese instructors were killed in a self destruction impact in Karachi University, which drew solid response from China. Beijing likewise requested Islamabad to make a move against the executioners from Chinese educators. Afterward, Balochistan Liberation Army asserted liability regarding the assault. Another impact occurred in the Saddar region on May 12, in which on...

Rising temperatures trigger water, food insecurity in Pakistan, India

  Increasing temperatures, an immediate consequence of environmental change, are exasperating water, food, and biodiversity weakness in Pakistan and India, which might deteriorate in years to come, said tree huggers situated in the locale. An extraordinary heatwave is presently moving throughout the two atomic equipped neighbors with temperatures hitting 51 degrees Celsius (123.8 degrees Fahrenheit) in Pakistan and 49 degrees Celsius in India. With estimates foreseeing that the wave will keep up the intensity through the next few days, hippies alert that the taking off temperatures will accelerate the dissolving of icy masses, which would eventually harm yields and fields while additional contracting wetlands. "Previously softening glacial masses are the essential objective of environmental change, fundamentally the increasing temperatures, which will prompt intense water deficiencies and hence, hit agribusiness and biodiversity in the locale," Ashiq Ahmad Khan, a hippie situ...

Islamabad looking to Kabul to help check terror, says Bilawal

  Foreign Minister Bilawal Bhutto Zardari at an interview with CNN’s Christiane Amanpour. —Photo courtesy: screengrab WASHINGTON: Foreign Minister Bilawal Bhutto-Zardari has said that Islamabad is looking to the Taliban regime in Afghanistan to play its role in discouraging the increase in terrorist activity on Pakistan’s side of the border. “We continue to not only monitor this situation, but work on our side to ensure that we can try to tackle the threat of terrorism and hope that the regime in Afghanistan lives up to their international commitment to not allow their soil to be used for terrorism,” the foreign minister said in an interview with CNN’s Christiane Amanpour when asked how he sees the Afghan Taliban government, after reports emerged that Kabul had brokered a ceasefire between the Pakistani military and banned Tehreek-i-Taliban Pakistan. When asked what it will take for Pakistan to accept the current administration in Kabul, Mr Bhutto-Zardari said any decision in this ...

Will remain Punjab CM 'as long as God wills it', says Hamza

  Punjab Chief Minister Hamza Shehbaz on Thursday said that he would remain on the post of CM "as long as God wills it" and promised to keep working for the government assistance and prosperity of individuals of the region "without squandering any second". Hamza's remarks come however his future as the central pastor may be being referred to with the Supreme Court's decision, which decided that the votes of absconding legislators won't be depended on the official reference on Article 63-A. Somewhere in the range of 25 protester PTI officials' votes were instrumental in Hamza being political race as CM. At a public interview in Lahore today, he reviewed that from the day he was selected the CEO of Punjab, various obstacles and road obstructions were made for him by the PTI. "The manner in which these individuals are making issues in Punjab, whether it is the previous lead representative [Omar Sarfraz Cheema] or the president [Arif Alvi] ... The m...

Tom Cruise swoops into Cannes, igniting film festival with jets and star power

  Tom Cruise moved into the Cannes Film Festival on Wednesday — stream planes close behind — wrenching up merriments with activity, star power and signature signings on honorary pathway. Fans welcomed him with whoops and hollers and the French Air Force aerobatic group Patrouille de France flew upward, splashing the sky with shaded smoke trails in red, white and blue. Journey was in the city to advance the hotly anticipated Top Gun: Maverick film continuation, which was kept down for quite some time in light of the Covid pandemic. A first-class draw, it has added significant buzz to the world's biggest film celebration as it denotes a showy return for its 75th commemoration release. Photograph: Reuters In a tuxedo and dark necktie, the American star worked the group arranged along honorary pathway, marking photographs and modeling for selfies. He presented with individual entertainers Jennifer Connelly and Miles Teller, applauding celebration chief Thierry Fremaux on the back when ...

Meteoric dollar shatters all records, hits Rs200 in interbank

  The US dollar arrived at the alarming achievement of Rs200 in interbank exchanging on Thursday morning, acquiring Rs1 from the earlier day's end of Rs199, information by the Forex Association of Pakistan (FAP) showed. As per the FAP, the US money had arrived at the Rs200 mark — an unsurpassed high — around 11am. A day prior, the greenback had made a huge increase of more than Rs2 from Tuesday's nearby and settled at Rs199 at the meeting's end, which was the most recent in a line of record highs that the US money has been hitting since last Tuesday. While the FAP recorded the earlier day's end rate at Rs199, information delivered by the State Bank of Pakistan expressed the end rate as Rs198.39 — still astoundingly near the Rs200 achievement that the global cash was being expected to arrive at before in the day by virtue of the nation's rising import bill, developing current record deficiency and exhausting unfamiliar trade holds. The dollar's worth previously a...

Bush mistakenly calls Iraq invasion 'brutal, unjustified'

  Previous United States President George W. Shrub erroneously portrayed the attack of Iraq as "ruthless" and "uncalled-for" prior to rectifying himself to say he intended to allude to Russia's intrusion of Ukraine. Shrubbery offered the remarks in a discourse during an occasion in Dallas on Wednesday, while he was reprimanding Russia's political framework. "The outcome is a shortfall of governing rules in Russia, and the choice of one man to send off an entirely outlandish and ruthless intrusion of Iraq," Bush said, prior to rectifying himself and shaking his head. "That is to say, of Ukraine." He flippantly put the mix-up on his age as the crowd burst into chuckling. In 2003, when Bush was president, the United States drove an intrusion of Iraq over weapons of mass annihilation that were rarely found. The delayed struggle killed a huge number of individuals and dislodged some more. Bramble's comments immediately became a web sensati...

CJP takes suo motu notice of 'perceived interference' in prosecution of cases against govt officials

  Boss Justice of Pakistan (CJP) Umar Ata Bandial on Wednesday took suo motu notice of "saw impedance" by "people in power" in examination and arraignment of criminal matters against government authorities. As per an official statement gave by the Supreme Court, the CJP took the notification on the suggestion of an individual peak court judge about the "apparent impedance in the autonomy of the arraignment branch in execution of its powers and obligations for the examination and indictment of forthcoming lawbreaker matters including people in expert in the public authority today." The public statement added that such obstruction could impact the indictment of cases, bring about altering or vanishing of proof in courts or possessing arraigning organizations and lead to moves and postings of officials on key posts. The public statement said that such activities, alongside "media reports" about changes in responsibility regulations, were probably go...

In maiden official visit to US, FM Bilawal holds 'productive' meeting with Blinken

Unfamiliar Minister Bilawal Bhutto Zardari on Wednesday held a gathering with US Secretary of State Antony Blinken during his lady official visit to New York, as they talked about respective relations, territorial circumstance, and collaboration in different areas between the two nations. The unfamiliar priest had shown up in the US on Tuesday to go to the two-day ecclesiastical meeting on the danger to worldwide food security, set off by the Russian intrusion of Ukraine, on the greeting of Blinken. In a progression of tweets, Bilawal shed light on key arguments of his gathering with the senior US official. "We reaffirmed the significance of the 75th commemoration of Pak-US relations and shared obligation to reinforcing expansive based, far reaching ties between the two nations," Bilawal wrote in a tweet after the gathering. The unfamiliar pastor said he had top to bottom conversations on issues influencing provincial harmony and security, including Afghanistan. "[We] ma...

Runaway dollar reaches new high, rises past Rs199 in interbank trade

  The US dollar proceeded with its rising streak against the rupee on Tuesday, ascending past Rs199 in interbank exchanging and denoting the consummation of seven days of breaking records, generally by virtue of the nation's rising imports and draining unfamiliar stores. As per the Forex Association of Pakistan (FAP), the greenback acquired Rs2.75 from the earlier day's end of Rs196.50 and move to Rs199.25 around 1:30pm prior to shutting at Rs199, an increase of Rs2.50. In the open market, the US money was being exchanged at Rs200.50 around 4pm. The ongoing spell of the dollar's constant ascent against the rupee started on Tuesday last week, when the worldwide cash hit a record high of Rs188.66. It then, at that point, took off to Rs190.90 on Wednesday, rose past Rs192 on Thursday, arrived at Rs193.10 on Friday, moved over Rs194 on Monday and flooded past Rs196 yesterday (Tuesday). While the FAP information showed that the greenback shut Rs196.50 on Tuesday, a Dawn report r...