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CDA organizes E-Katchari to facilitate residents

By
Waseem Iqbal
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ISLAMABAD, Apr 26 (APP): The Estate Wing of the Capital Development Authority (CDA) on Friday organized an E-Katchari to facilitate the residents of the federal capital.
The E-Katchari was organised on the special instructions of Prime Minister Shehbaz Sharif, in which the online complaints of the citizens were received while considering the problems related to the Estate Wing in the sectoral and non-sectoral areas, said a news release.
The concerned officers of the estate department answered the citizens’ questions online in E-Katchari.
The online complaints were also received from all the sectors and areas of Islamabad on this occasion. It has also been assured by the authority that the complaints received will be addressed on a priority basis.
It should be noted that on the special instructions of the prime minister, the series of E-Katchari of various departments is continuing to facilitate the residents at their doorstep

SECP-IFSB workshop highlights Pakistan’s progress in Islamic Finance Development

By
Waseem Iqbal
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ISLAMABAD, Apr 26 (APP): A three-day capacity-building workshop on Islamic Capital Markets, jointly organized by the Security Exchange Commission of Pakistan (SECP) and the Islamic Financial Services Board (IFSB) concluded on Friday, highlighting Pakistan’s significant progress in developing the Islamic finance industry.
The workshop has designed to enhance the capacity of the officials of regulatory and supervisory authorities, said a news release issued here.
Chairman SECP Akif Saeed reiterated its deep commitment to support the continued development and expansion of the Islamic finance industry in Pakistan.
Referring to the historic judgment of the Federal Shariat Court and the government’s commitment to transform the entire financial system in accordance with Shariah principles, he pointed out that SECP has already accelerated its efforts and achieved considerable progress by enabling Islamic finance in all regulated sectors.
The SECP has revamped the Shariah governance framework and also issued guidelines for offering Islamic Financial Services that are enabling industry to achieve many firsts during the year.
These include Shariah certification of the first ever Shariah-compliant REIT schemes, dedicated asset management companies, Islamic income, money market, and equity funds, Islamic pension schemes, Islamic ETFs, an NBFC with buy-now pay-later platform, a stock brokerage house, and a microfinance company.
The regular issuance and listing of GoP Ijarah Sukuk through the stock market is another major breakthrough in the domestic sukuk market achieved during the year.
In addition, the corporate sukuk market in Pakistan is also witnessing renewed interest, however, it is dominated by short-term, privately placed sukuks, and during the year, the SECP approved 30 such sukuks worth Rs 153 billion. (Total 69 Sukuk, with a cumulative amount of Rs. 563.640 billion as of June 30, 2023).
The Chairman emphasized the need to enable the listing of short-term Sukuk as well, so as to expand the investor universe for the issuer as well as the investable universe for the investor.
Head of Islamic Finance at SECP Tariq Naseem expressed gratitude to IFSB and the esteemed trainers for their support in promoting Islamic finance.
He also shared that a comprehensive roadmap for capacity building in Islamic finance has been developed in partnership with IFSB Malaysia, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Bahrain, The Islamic Development Bank Institute (IsDBI) Jeddah, and The Centre for Excellence in Islamic Finance (CIEF) Alliance for Islamic Finance.
He said that Pakistan now stands ready to play its pivotal role in fostering an enabling environment for Islamic finance, one that encourages innovation, promotes investor confidence and ensures the integrity and stability of our financial system.
The workshop was attended by officials from the SECP, State Bank of Pakistan SBP, the Ministry of Finance, the Competition Commission of Pakistan (CCP), the Pakistan Stock Exchange (PSX), the Pakistan Mercantile Exchange (PMEX), Central Depository Company (CDC), and National Clearing Company of Pakistan Limited (NCCPL).

Visitors explore the majestic beauty of the iconic Mughal-era Badshahi Masjid in the Provincial Capital

By
Zia Ur Rehman
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Visitors explore the majestic beauty of the iconic Mughal-era Badshahi Masjid in the Provincial Capital
APP23-260424
LAHORE: APRIL 26 –

ECP’s code of conduct to be ensured during Tehsil Mayor by-elections: DPO Dera

By
Waseem Iqbal
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Dera Ismail Khan, Apr 26 (APP): District Police Officer (DPO) Dera Ismail Khan Nasir Mehmood on Friday said that strict implementation of the code of conduct issued by the Election Commission of Pakistan (ECP) should be ensured to maintain the law and order situation during by-elections on the seat of Tehsil Mayor of Daraban.
He stated this while chairing an important meeting in Ijaz Shaheed Police Line Dera regarding the upcoming by-elections on the seat of Tehsil Mayor of Daraban. The meeting was held to review the arrangements made by the police department for peaceful conduct of by-elections.
The meeting was attended by ASP Ali Hamza, DSP Daraban Muslim Khan, DSP HQ Syed Chan Shah, SHOs, Additional SHOs of different police stations and other officials.
The DPO said that the manner in which the Dera police performed their professional duties in the by-elections was admirable. He gave special instructions to the relevant sector in-charges regarding the ECP’s code of conduct and security duty.
He said that all available resources would be utilized for the peaceful conduct of the election and maintaining the atmosphere of law and order across the tehsil.

IESCO issues power suspension programme

By
Waseem Iqbal
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ISLAMABAD, Apr 26 (APP): Islamabad Electric Supply Company (IESCO) on Friday issued a power suspension programme for Saturday for various areas of its region due to necessary maintenance and routine development work.
According to IESCO Spokesman, the power supply of different feeders and grid stations would remain suspended for the period from 07:00 AM to 1:00 PM, Islamabad Circle, Lohi Bhir, NDC-1, I-10/3 Auto Workshop, PTCL I-9, I-10/2, New Exchange, U Phone I-9, Fazal Ghi I-9, SES I-9, NDC-2, Nescam feders, Rawalpindi City Circle, Khanna.II, KRL, C Block, Lakho Road Feeders, Rawalpindi Cantt Circle, Morgah, Fuji Foundation, Mohra Nagyal, Mehboob Shaheed, AOWHS, Wilayat Complex, X-Liar Colony, Pindi Board, Park View, Pepsi, Model Town, Humak, Dhok Awan, Zaraj.I&II, IST, RCC, Express, Emirate, Islamabad Feed Mill, Jhata Hatial, Bisali, Pind Jatla, Lab. I&II, Reliance Weaving Mill, Industrial, Bhal, Jarrar Comp, New Kaliam, Lala Zar, Major Riaz, Jhawara, Dhamial-I, Gulshan Saeed, Lalaktarti, Cantt, UC Lakhan, Shah Jeevan, Quaid-e-Azam Colony, Qasim Base Feeders, Jhelum Circle, Pran Feeder, Attock Circle, Mushtaq Shaheed, Jalala Feeders, Chakwal. Circle, Daulatala, Adi feeders, from 09:00 AM to 05:00 PM, GSO Circle, Nimble Feeder and surrounding areas.

SBP to announce monetary policy on April 29

By
Waseem Iqbal
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KARACHI, Apr 26 (APP): State Bank of Pakistan (SBP) will announce Monetary Policy on April 29, 2024 following the meeting of Monetary Policy Committee.
The central bank, in a statement issued here on Friday, announced that meeting of Monetary Policy Committee (MPC) of SBP will be held on April 29 to decide about the Monetary Policy.
The MPC will review overall financial and fiscal situation, major economic indicators, data of different sectors and major developments taken place since announcement of previous monetary policy. Later on, SBP will issue the Monetary Policy Statement on the same day.
The Monetary Policy Committee, in its previous meeting on March 18, 2024, decided to keep the policy rate unchanged at 22 percent noting that inflation expectations warranted a cautious approach.
The MPC also emphasized on timely realization of planned external inflows along with continued targeted fiscal consolidation for ensuring overall macroeconomic and price stability.

Badshah Gul Wazir, Federal Ombudsman Regional Office has decided to extend awareness campaign to educational institutions of Peshawar to appraise students about its functions and responsibilities in dispensation of cost-free and speedy justice during an interview with APP. (match the photo with APP interview) Slugged “Federal Ombudsman KP Office decides to extend awareness campaign to educational institutions” already been released

By
Zia Ur Rehman
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0
Badshah Gul Wazir, Federal Ombudsman Regional Office has decided to extend awareness campaign to educational institutions of Peshawar to appraise students about its functions and responsibilities in dispensation of cost-free and speedy justice during an interview with APP. (match the photo with APP interview) Slugged “Federal Ombudsman KP Office decides to extend awareness campaign to educational institutions” already been released
APP17-260424
PESHAWAR: April 26 – 

Manshera Police crack down on mobile phone IMEI changing and theft ring

By
Waseem Iqbal
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MANSEHRA, Apr 26 (APP):Manshera police successfully arrested individuals involved in mobile phone stanching and altering the International Mobile Equipment Identity (IMEI) numbers.
The police also recovered mobile phones and trafficked stolen devices worth millions of rupees.
The apprehended suspects included Waqar son of Niaz resident of  Kundar Baidadi and Amanullah son of Gul Muhammad Charbagh Oghi.
Following the directives of District Police Officer (DPO) Mansehra Shafiullah Gandapur, the police summoned the owners of the recovered mobile phones to the DPO office to return their belongings.
The operation was initiated following reports of mobile phone snatching and switching activities across various districts, prompting DPO Shafiullah Gandapur to take decisive action. Mansehra police tracked down the accused by using modern technology and recovered a substantial amount of stolen mobile phones worth millions of rupees.
The prompt action and successful recovery earned praise from citizens who lauded the police for their efficiency.

Rain likely at various parts of country: PMD

By
Waseem Iqbal
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ISLAMABAD, Apr 26 (APP):Pakistan Meteorological Department (PMD) has forecast rain-windstorm/thunderstorm with isolated hailstorm for Khyber Pakhtunkhwa, Punjab, Islamabad, Gilgit-Baltistan, Kashmir and Northeast Balochistan.
Heavy rainfalls are also likely at a few places in upper Khyber Pakhtunkhwa and Kashmir. According to the synoptic situation, a westerly wave was affecting western and upper parts of the country and likely to persist in upper parts during the next two to three days.
Isolated/moderate to heavy rainfall may generate flash floods in local nullahs/Streams of Balochistan specially Noushki, Ziarat, Pishin, Harnai, Zhob, Barkhan and Naseerabad till April 27.
Isolated/moderate to heavy rainfall may generate flash floods in local nullahs/Streams of Dir, Swat, Chitral, Manshera, Kohistan and Kashmir from 27-29.
The possibility of landslides in Upper Khyber Pakhtunkhwa, Murree, Galiyat, Kashmir and Gilgit Baltistan may affect the vulnerable locations during the period (April 27-29).
Windstorm/hailstorm and lightning may affect human lives, standing crops, loose structures like electric poles, vehicles and solar panels etc during the period.
During the last 24 hours, rain-thunderstorm occurred at isolated places in Balochistan, upper Khyber Pakhtunkhwa, south Punjab, Kashmir and upper Sindh. However, Dry weather prevailed over most parts of the country, while hot in southern parts.
The rainfall recorded was Balochistan: Khuzdar 27mm, Panjgur 15, Dalbandin, Zhob 10, Quetta (City, Samungli 20), Kalat 04, Barkhan 02, Khyber Pakhtunkhwa: Malam Jabba 23, Kakul, Parachinar 17, Drosh 08, Patan 07, Chitral, Dir, Mirkhani 05, Saidu Sharif 03, Balakot 02, Dera IsmaiI Khan, Bannu, Kalam 01. Panjab: Bhakkar 07, Attock 06, Karur (Leh) 02, Islamabad Airport, Murree, Dera Ghazi Khan 01, Kashmir: Garhi Dupatta 05, Muzaffarabad (Airport 05, City 03), Sindh: Jacobabad 01mm.
The highest maximum temperatures recorded were Kasur 42C, Shaheed Benazirabad, Larkana 41, Bahawalnagar, Dadu and Chhor 40C.

IRSA releases 113,600 cusecs water

By
Waseem Iqbal
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0
ISLAMABAD, Apr 26 (APP): Indus River System Authority (IRSA) on Friday released 113,600 cusecs water from various rim stations with inflow of 178,100 cusecs.
According to the data released by IRSA, water level in River Indus at Tarbela Dam was 1448.73 feet and was 34.73 feet higher than its dead level of 1,398 feet. Water inflow and outflow in the dam was recorded as 30,800 cusecs and 5,000 cusecs respectively.
The water level in River Jhelum at Mangla Dam was 1142.65 feet, which was 92.65 feet higher than its dead level of 1,050 feet. The inflow and outflow of water was recorded 63,700 cusecs and 25,000 cusecs respectively.
The release of water at Kalabagh, Taunsa, Guddu and Sukkur was recorded as 43,000, 56,000, 58,800 and 19,800 cusecs respectively. Similarly, from River Kabul, a total of 63,800 cusecs of water released at Nowshera and 11,300 cusecs released from River Chenab at Marala.
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