Home Blog Page 11074

PSX witnesses mixed trend

0
ISLAMABAD, May 7 (APP):The 100-Index of the Pakistan Stock Exchange (PSX) witnessed mixed trend on Tuesday, with a nominal loss of 3.04 percent, closing at 72,761.20 points against 72,764.24 points the previous trading day.
A total of 621,826,404 shares valuing Rs 24.970 billion were traded during the day as compared to 578,388,643 shares valuing Rs 24.518 billion the last day.
Some 377 companies transacted their shares in the stock market; 200 of them recorded gains and 154 sustained losses, whereas the prices of 23 remained unchanged.
The three top trading companies were Pak Elctron with 64,150,303 shares at Rs  26.90 per share, Fauji Cement with 40,146,219 shares at Rs 10.10 per share and WorldCall Telecom with 29,971,602 shares at Rs 1,28 per share.
Unilever Pakistan Foods Limited witnessed an increase of Rs 100.45 per share closing at Rs 19,547.95, whereas runner-up was Hocchst Pakistan Limited with Rs 92.54 decline to close at Rs 1,326.41.
Hallmark Company Limited witnessed a maximum decrease of Rs 71.10 per share closing at Rs 906.62, followed by Mari petroleum Company Limited with Rs 36.22 decline to close at Rs 2,719.20

Hot weather to prevail in KP; rains with strong winds expected from May 09 to 12

0
PESHAWAR, May 07 (APP):The Met Office has predicted hot weather condition across Khyber Pakhtunkhwa during the next 24 to 48 with considerable increase in the temperature during the day time.
However, a westerly wave is likely to enter southern parts of the region on May 09 night and likely to grip most parts of the region on May 10 and 11, it said adding that under the influence of this weather system, rain, dust storm, wind storm are expected in Chitral, Lower and Upper Dir, Malakand, Buner, Swat, Shangla, Kohistan, Battagram, Torghar, Mansehra, Abbottabad, Haripur, Swabi, Mardan, Nowshera, Charsadda, Peshawar, Bajaur, Mohmand, Khyber, Kurram, Orakzai, Hangu, Kohat, Bannu, Lakki Marwat, DI Khan, Tank, North and South Waziristan, districts from May 09 to 12. Hailstorm is also expected at isolated places during the period.
The provincial disaster management authority (PDMA) has directed all the district administrations to adopt precautionary measures in order to avoid human losses or any damage to property and livestock.

Book ‘Akhand Bharat – A Threat to Regional Peace, underscores Indian expansionist designs

0
ISLAMABAD, May 07 (APP):Islamabad Policy Research Institute (IPRI) on Tuesday launched a research masterpiece titled, ‘Akhand Bharat – A Threat to Regional Peace’ authored by IPRI researchers led by IPRI Director, Dr Raashid Wali Janjua that critically analyzed Indian expansionist designs.
The guest speakers at the launch, presided over by IPRI President, Dr Raza Muhammad included eminent international lawyer Ahmer Bilal Soofi and Associate Professor Quaid-e-Azam University Dr Mujeeb Afzal.
The speakers dilated upon the doctrine of priding on India’s extra-territorial designs, and equated it with its larger perspective of xenophobic nature in political and cultural terms, a news release said.
An apt reference was made to a historic map hung in the Indian Parliament, which goes on to show the wider region of the Subcontinent, Central Asia and Afghanistan, as part of Greater India, as the threads are picked up from ancient political dispensations of Chandra Gupt Maurya and Ashoka the Great. This map as it enjoys the political and legal sanction of the ruling BJP in India comes as a real threat to peace and integrity of the region, and that too at the cost of extra-territorial designs.
The speakers termed it as a negation of state-centrism in vogue under the UN Charter, and a violation of established norms of International Law. It is nothing but an extravagant approach by India, and one which has been embodied in a hate-mongering narrative of Hindutva.
It was noted that India’s abrogation of Article 370 and 35A on August 5, 2019, was attempt to disrupt the regional balance, as it intends to encroach upon foreign territories. A reference was made to its hegemonic policies in Nepal and Bhutan, and how it has undermined sovereignty of Maldives and Sri Lanka.
It was pointed out that the political engineering in the form of NRC and CAA legislations is a step towards Akhand Bharat, and many of the Hindutva social doctrines such as Ghar Wapsi are meant for re-enacting an inclusive Indian society in the name of Hinduism.
The speakers said that Prime Minister Narendra Modi since 2014 has went on to undo everything that was order of the day in the name of secularism, and has projected the threat fear by citing invasion of India by ‘intruders’ of yesteryears.
“It is tantamount to what Modi had once described that blood and rivers cannot flow together, and a sense of marginalisation and otherness since then has crept in. It is so because the dispensation that espouses Hindutva and Akhand Bharat thrives on communal hatred.
“This is why it was stated that India’s democratic index rating has dipped from 27 in 2014 to 53 in 2020; and as far as ‘not free’ status in terms of Freedom Index”.
Akhand Bharat, it was said, is a preplanned recourse to ancient order in geopolitical terms intended to rewrite and reenact the past glory of India. The problem, it was noted, with India is that as to how to deal with the Muslims in terms of amalgamating them as subjugated citizens. The view for India under Akhand Bharat is not of a nation-state but of a regional state.

Another 1199 meters disconnected on gas theft, Rs 45.6 mln fine imposed

0
LAHORE, May 07 (APP):Sui Northern Gas Pipelines Limited (SNGPL) on Tuesday disconnected another 1199 connections, during its on going crackdown against gas pilferers in Punjab, Khyber Pakhtunkhwa and Islamabad, imposing Rs 45.6 million fine.
According to a spokesman of the SNGPL, in Lahore, the regional team disconnected 11 connections on illegal use of gas while another 4 on use of compressor. The team  imposed fine of Rs 0.21 million against gas pilferers. In Multan 10 connections were disconnected on illegal use while another two on use of compressor.
In Peshawar the company disconnected 77 connections on account of direct use of gas and illegal use of gas and amount of Rs 2.64 million have been booked against gas theft cases. The regional team of Shiekhupura disconnected 843 connections on illegal use of gas while another 228 on use of compressors and also booked an amount of Rs 38.91 against gas theft cases. The team also lodged 38 FIRs against gas pilferers.
In Bahawalpur the team disconnected 2 connections on illegal use of gas while another 04 on use of the compressor. The team also imposed  fine of Rs 2.21 against gas theft cases.
The regional team of Gujranwala disconnected 4 connections on illegal use of gas and also imposed fine of Rs 0.94 million against gas theft cases. In Mardan the team disconnected 11 connections on illegal use of gas and team also imposed fine of Rs 0.69 million against gas theft cases. The regional team of Faisalabad disconnected 2 connections on illegal use of gas while imposing fine of Rs 0.038 million against gas pilferers. In Gujrat the team imposed fine of Rs 0.0002 million against gas theft cases. The regional team of Sahiwal disconnected one connection on illegal use of gas.

Pb govt provided historic relief by reducing flour, roti prices: Bilal Yasin

0
LAHORE, May 07 (APP):Provincial Food Minister Bilal Yasin said on Tuesday the Punjab government successfully provided a historical relief to people in ‘flour and roti’ prices in the
province.
Presiding over a cabinet committee meeting at the Civil Secretariat, he said the price of a 20 kg bag of flour was reduced by Rs 1000 within a month and a bag of 20 kg flour was available in the market for Rs 1700 to 1800 while a bag of 10 kg for Rs 900.
Bilal Yasin claimed that ‘Naan and Roti’ were available across Punjab at notified prices. He said that government’s full attention was focused on the relief for common man and reduced the price of Roti with a strong strategy.
He said that 50 percent of population of the province lived in cities and the poor people were happy about the reduction in the flour price.
The provincial food minister said that there was a carry-forward stock of 23 lakh metric tonnes of wheat in Punjab which was enough for the next year.
The provincial food minister said that during the caretaker period, the unnecessary import of wheat created a crisis for the farmers. The prime minister has formed a fact-finding committee to inquire into the matter, which would submit a report soon, he added.
Provincial Minister of Agriculture Syed Ashiq Hussain Kirmani, Finance Minister Mujtaba  Shujaur Rehman, Secretary Food Punjab Moazzam Iqbal Sipra, Director Food Punjab Shoaib Khan Jadoon and other officials of the departments concerned attended the meeting.

Uzbek FM due in Islamabad Wednesday for two-day official visit

0

ISLAMABAD, May 07 (APP): Foreign Minister of the Republic of Uzbekistan Bakhtiyor Saidov is scheduled to arrive here on Wednesday for a two-day official visit from May 8-9.

During the visit, Foreign Minister Saidov will call on Prime Minister Muhammad Shehbaz Sharif and hold in-depth talks with Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar on a wide range of bilateral issues of mutual interest, with special focus on trade and connectivity, according to a Foreign Office press release.

The visit of the Uzbek foreign minister is expected to provide fresh impetus to the friendly relations between the two countries.

Cantt Board stages flower exhibition

0
DERA ISMAIL KHAN, May 07 (APP):The Cantt Board organized a flower exhibition here in Cantt area wherein flower show competitions were organized among different civil and military offices.
Station Commander Dera Brigadier Aamir Hayat was the chief guest of the event while AQ Colonel Muhammad Tariq and Cantt Executive Officer of Cantt Board Waqar Ahmed were also present.
Speaking on the occasion, the station commander said the flowers give a message of love and peace in the society besides beautifying the environment.
He lauded the environmental friendly initiative of the Cantt Board Dera, saying, the flowers exhibition in the Cantt area would surely increase the beauty of the area.
In the flower show, competitions were held among Cantt Board, CMH, MP Centre, Five Artillery Brigade. Besides, the flower display competitions were also held between government offices, government residences, Cantt area educational institutions and civil bungalows.
Station Commander Dera Brigadier Aamir Hayat distributed certificates of appreciation among the in charge of successful stalls and other institutions.
The stalls were beautifully decorated with different types of flowers, which were appreciated by the participants.
Station Commander Dera Brigadier Aamir Hayat said that Pakistan Army would continue to play its role for promotion of positive activities in the society besides establishment of law and order.

Saudi investment delegation’s visit significant headway in bilateral ties: PM

0

ISLAMABAD, May 07 (APP): Prime Minister Shehbaz Sharif on Tuesday said that the visit of Saudi investment delegation to Islamabad was a significant headway in the relationship between Pakistan and Saudi Arabia.

The prime minister, chairing a meeting of the federal cabinet, appreciated the federal ministers, government officers and staffers for their efforts to ensure the success of the Saudi delegation’s visit, a PM Office press release said.

The federal cabinet, on the recommendation of the Ministry of Aviation, accorded approval to Air Sial to launch its flight operations for China, Malaysia, Sri Lanka, Thailand, Turkiye, the UK and Kuwait. The approval was granted under the National Aviation Policy 2023 and Air Services Agreement.

The cabinet gave a nod to the signing of Memorandum of Understanding for formation of Joint Trade Committee between Pakistan and Kingdom of Columbia.

The cabinet approved to transfer the control of Directorate General of Special Education from the Human Rights Ministry to the Ministry of Federal Education and Professional Training.

The body also endorsed the decisions of Cabinet committee on Chinese investment projects taken in its meeting held on April 30, 2024.

Match officials named for FIFA Qualifier

0
ISLAMABAD, May 07 (APP):FIFA World Cup 2026 qualifiers are just around the corner, and Pakistan is gearing up to face Saudi Arabia in Round 2.
According to details, the match is scheduled to take place on June 6 here at the Jinnah Stadium of Pakistan Sports Complex.
FIFA has announced the match officials for the match, with Bahrain’s Hassan Mhofoud set to be the referee while Kemel Tokabev from Kyrgyzstan will serve as the match commissioner.
The Jinnah Stadium is all set to host this exciting encounter, and football fans from across the country are eagerly looking forward to cheering on their team.

NDMA warns public of fake website “Federal Emergency Response Unit-Pakistan”

0
ISLAMABAD, May 07 (APP):The National Disaster Management Authority (NDMA) on Tuesday advised the public to be aware of website title “FEDERAL EMERGENCY RESPONSE UNIT-PAKISTAN” which is falsely representing the organization.
This website has unlawfully advertised job vacancies and solicited application processing fees, a news release said.
“We strongly advise everyone to exercise due diligence and verify any employment offers through our official channels. Please refer to NDMA Pakistan’s official website for authentic information : http://www.ndma.gov.pk/,” the NDMA said.
The NDMA said it would appreciate the public cooperation in maintaining vigilance against such deceptive practices.