Home Blog Page 694

All matters of companies Act, 2017 shall be dealt with by PHC principal seat: Notification

0
PESHAWAR, Jul 11 (APP):The Peshawar High Court on Friday issued a notification de-notifying all Company Benches previously constituted at all benches of the Court.
According to the notification No. 244-3, dated July 4, 2025, the Chief Justice of the Peshawar High Court has exercised powers under Sub-Section 4 of Section 5 of the Companies Act, 2017 to implement the change.
All matters falling under the Companies Act, 2017 pertaining to the whole province of Khyber Pakhtunkhwa shall be dealt with by the Company Bench at the Principal Seat of the Peshawar High Court, the notification says.

Motorcyclist killed

0
LAHORE, Jul 11 (APP):A motorcyclist was killed by a truck near Chungi Amar Sidhu, Ferozepur Road, here on Friday.
According to Rescue 1122 officials, a passerby reported that an overspeeding truck (Mazda 3500), hit the motorcycle from behind, resulting in the motorcyclist’s instant death.
Rescue 1122 arrived at the scene and handed the body over to police. The deceased was later identified as Waqas, (40), officials said.

Gold prices up by Rs.2,300 to Rs.357,000 per tola

0
ISLAMABAD, Jul 11 (APP): The price of 24 karat per tola gold increased by Rs.2,300 and was traded at Rs.357,000 on Friday as compared to its sale at Rs. 354,700 on the last trading day, All Pakistan Sarafa Gems and Jewelers Association reported.
The prices of 10 grams of 24 karat also increased by Rs1,971 to Rs.306,069 from Rs. 304,098  and for 10 grams of 22 Karat it went up by Rs.1,807 to Rs.280,573 from Rs. 278,766.
The rates of per tola and ten gram silver increased by Rs86 and Rs 74 to Rs.3,937 and Rs.3,375 respectively.
The price of gold in the international market increased by $21 to $3,345 from $3,324, whereas that of silver increased by $0.86 to $37.53 from $36.67, the Association reported.

Kashmiris’ freedom fight ignited since their martyrdom by Dogra raj in 1931; Speakers

0

ISLAMABAD, Jul 11 (APP): An all-encompassing seminar commemorating Kashmir Martyrs’ Day, held at the Institute of Regional Studies in collaboration with the Youth Forum for Kashmir here Friday, echoed Kashmir’s unbroken resolve.
The panelists honored the sacrifice of 22 innocent Kashmiris killed by Dogra forces on July 13, 1931—an event that ignited a century-long struggle for self-determination.
Ambassador Jauhar Saleem, President of the IRS, highlighted that this solemn day was not merely a historical footnote but a living testament to the unwavering spirit of the Kashmiris.
From the brutality of the Dogra Raj to the militarization and recent demographic engineering under Modi’s regime, the Kashmiri people have never bowed before oppression.
Notable figures such as Ms. Mushaal Hussein Malik, Ms. Naseem Zehra, Dr. Qamar Cheema, Mr. Zaman Bajwa and Umair Khan emphasized that the struggle has endured through generations, from the Pathar Masjid uprising to the revocation of Articles 370 and 35A.
Each phase of resistance faced India’s state terrorism, yet has only intensified the Kashmiri resolve.
“The recent four-day war victory of Pakistan over India has reignited hope among Kashmiris,” said Ms. Mushaal Malik, urging Pakistan to seize the moment and amplify Kashmiri voices on international platforms. She warned against India’s false-flag operations and ecological destruction in the name of development, calling the Vande Bharat initiative a “colonial strategy.”
Ms. Naseem Zehra highlighted India’s growing isolation due to its aggressive policies in the neighbourhood. Conversely, China, Turkey, and Bangladesh support Pakistan. “The time for soft diplomacy is over,” she asserted. “Pakistan must recalibrate its strategy and project its stance globally.” The seminar called for the international community, especially the United Nations and the U.S., to take decisive action. “Kashmir is not just a regional issue; it’s a global flashpoint between two nuclear powers,” warned analyst Dr. Qamar Cheema.
The event concluded with a unified call for Kashmiris, whether in AJK or the diaspora, to raise for Kashmiris in IIOJK. “Kashmir’s story must be told by Kashmiris themselves,” urged Umair Khan, while advocating for global media engagement.
Kashmir Martyrs’ Day is not just a remembrance—it is a declaration of Pakistan’s dedication to the right of self-determination of Kashmiris.

PSX continues with bullish trend, gains 517 more points

0
ISLAMABAD, Jul 11 (APP): The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index continued with bullish trend on Friday, gaining 517.42 points, a positive change of 0.39 percent, closing at 134,299.77 points against 133,782.35 points last trading day.
A total of 765,079,448 shares were traded during the day as compared to 941,719,946 shares the previous trading day, whereas the price of shares stood at Rs 40.165 billion against Rs 36.060 billion on the last trading day.
As many as 477 companies transacted their shares in the stock market, 220 of them recorded gains and 228 sustained losses, whereas the share price of 29 companies remained unchanged.
The three top trading companies were Bank of Punjab with 94,133,007 shares at Rs 13.08 per share, Aisha Steel Mills with 25,050,249 shares at Rs12.11 per share and Kohinoor Spinning with 23,604,546 shares at Rs 6.69 per share.
PIA Holding Company LimitedB witnessed a maximum increase of Rs 2,337.54 per share price, closing at Rs 26,152.94, whereas the runner-up was Ismail Industries Limited with Rs 169.67 rise in its per share price to Rs 2,129.67.
Bhanero Textile Mills Limited witnessed a maximum decrease of Rs48.92 per share closing at Rs 962.82 followed by Khyber Textile Mills Limited with Rs37.66 decline in its share price to close at Rs1,425.80.

Two street criminals arrested

0
RAWALPINDI, Jul 11 (APP):The Wah Saddar Police on Friday nabbed two accused involved in street crime cases.
Stolen money of Rs 13,000 and two mobile phones were recovered from the detained accused, a Rawalpindi Police spokesman said.
Meanwhile, the City Police Station also arrested a servant who had stolen valuables from his owner’s flat two months ago.
The accused the arrested person had decamped with  mobile phone batteries, hands-free, AirPods and other items from the flat in the absence of the owner and gone into the hiding. The police used all resources to trace and arrest the accused, with some stolen valuables and Rs 5,000 being the sale proceeds of others.

Seminar held to mark World Population day in Lodhran

0
LODHRAN, Jul 11 (APP):In observance of World Population Day, the Punjab Health and Population Welfare Department organised a seminar aimed at raising awareness about the challenges posed by rapid population growth in Pakistan.
Speaking at the event, District Population Welfare Officer Lodhran Tariq Mahmood Sukhera said that Pakistan’s rapidly increasing population was creating a serious imbalance between resources and public needs. “It is crucial that we, as a society, collectively recognise the severity of the issue and work together towards building a sustainable and developed future,” he stated.
Samira Sattar, Regional Coordinator of the PODA Organisation (Multan), provided an overview of the organisation’s ongoing initiatives. She stressed that child marriages were a criminal offense under the law.
Deputy District Officer Dr Ramla Ajmal highlighted the role of the youth, stating, “Our young generation was the asset of the country. Their proper guidance and training are essential for national progress.”
Renowned religious scholar Qari Yasin also spoke and highlighted the parents role in the upbringing and education of their children.
General Secretary District Bar Association also addressed the gathering.
The seminar was well-attended by a diverse audience including representatives from the education and health sectors, legal professionals, journalists, civil society members, and local residents.

Ahsan Iqbal for early commencement of transshipment operations between Gwadar and Persian Gulf

0

ISLAMABAD, Jul 11 (APP): Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, chaired a high-level meeting of the Cabinet Committee on the operationalization of Gwadar Port.

The meeting focused on finalizing a comprehensive and well-coordinated plan to accelerate the operationalization of Gwadar Port. Key agenda items included organizing an international conference in Islamabad to raise global awareness about Gwadar Port, devising a robust marketing strategy, and enhancing diplomatic outreach to attract investment and trade interest from Central Asian Republics and other relevant countries.

The Planning Minister was briefed that the Ministry of Maritime Affairs is actively engaging private shipping liners to commence transshipment operations between Gwadar and the Persian Gulf. Initial cargo categories will include minerals, dates, seafood, and cement, targeting sectors such as mining, fisheries, and processing industries.

Ahsan Iqbal emphasized the need to showcase Gwadar Port in international roadshows as a strategic trade hub linking the Gulf and Central Asia. He directed stakeholders to promote the port’s cost-effective trade routes and available incentives for international businesses.

“Well-designed promotional materials must be disseminated through Pakistan’s embassies and diplomatic missions worldwide to ensure global visibility for Gwadar Port,” he added.

The minister underscored Gwadar’s geostrategic value, citing its position as the shortest trade route to the Gulf and Central Asia, including countries like Turkmenistan, Tajikistan, and Kyrgyzstan. He highlighted the port’s potential as a regional transshipment hub.

He instructed the Ministry of Foreign Affairs to initiate a four-nation consortium to undertake a pre-feasibility study aimed at linking South Asia with the Gulf Cooperation Council (GCC) from Gwadar to Oman through undersea tunnel. Proposals are also under consideration to establish ferry connections with Gulf Countries leveraging China’s strong trade presence in the region.

He directed the Director General of Gwadar Port Authority to ensure quality accommodation and recreational facilities for international shipping crew members, encouraging repeat visits to the port. The DG confirmed that high-standard lodging, including a 5-star hotel (Pearl Continental), is available for international shipping crew members.

On the development of the aquaculture sector, Planning Minister was briefed that the Fisheries Department of Gilgit-Baltistan is collaborating with China Overseas Ports Holding Company Limited on joint land surveys and feasibility studies.

The minister stressed the importance of safeguarding local fishermen’s interests and ensuring their inclusion in the fish processing value chain. Officials reported ongoing engagement with the fishermen’s union, Mahigeer Ittehad, who welcomed the establishment of a fish processing industry.

Ahsan Iqbal was briefed that discussions are underway with Chinese trawler companies to use Gwadar as an offloading hub and for setting up fish processing facilities. “Involving local fishermen in the decision making processes of the fishing industry development is crucial to implement sustainable fishing practices, ensure fair market access, and protect their livelihoods,” he added.

The Ministry of Maritime Affairs confirmed that all projects related to the port’s operationalization are being aligned with Pakistan’s first-ever Fisheries and Aquatic Water Policy. Additionally, two proposals for the launch of ferry services are currently under review.

Further discussions centered on developing Gwadar into a dedicated mining port for Balochistan by establishing mining and ore smelting infrastructure. The Ministry of Railways announced the completion of a feasibility study for a Mineral Corridor Rail Link to support this initiative.

Representative of Balochistan government reported that 30% of the Gwadar Safe City Project is complete, with full completion expected by June 2026. The revised CDWP was approved on May 30, 2025, with an allocation of Rs. 1,500 million under PSDP 2025-26.

Tasks which had been assigned to the Government of Balochistan in previous meeting, included identifying land for the Gwadar Chamber of Commerce and Industry; designating an exclusive residential area for overseas Pakistanis and foreign nationals; and deciding between Gwadar or Turbat as the winter capital of Balochistan.

Ahsan Iqbal suggested Turbat as the preferred choice due to its larger population and commercial base.

World Population Day marked

0
LAHORE, Jul 11 (APP):The World Population Day was marked on July 11 (Friday) all over the world, including in Pakistan.
The purpose of marking the day was to highlight the problems and solutions arising from population growth. This year, the World Population Day was being celebrated with the theme of providing young people with conditions where they could freely decide to start a family.
Senior Official Population Welfare Department of the Punjab government, Aisha Rana, while talking to APP, said that Pakistan is the 5th largest country in the world in terms of population with a population of about 244 million, of which 44 percent live below the poverty line. “Growing population is a serious problem. If it is not controlled, we will be more vulnerable to serious problems including climate change, food shortages, water shortages, malnutrition, unemployment, and infant mortality. Along with practical measures, there is also a need to raise awareness among the people.”
It should be noted that since the first census, Pakistan’s population is expected to increase 8 times by 2027.
The World Population Day is an annual event, observed on July 11 every year, which seeks to raise awareness of global population issues. The first event was established by the Governing Council of the United Nations Development Programme (UNDP) in 1989.

FIA arrests 6 suspects over human-trafficking, visa fraud

0
MULTAN, Jul 11 (APP):The Federal Investigation Agency (FIA) Multan Zone has arrested six suspects involved in visa fraud and human trafficking in different areas of Multan and Bahawalpur.
 The arrested individuals were identified as Shehzada Nasir Hussain, Mulazim Hussain, Roshan Aslam, Abdullah Nadeem, Abdul Aleem, and Majeed Khan.
According to the FIA officials, the accused lured citizens with false promises of overseas employment and collected large sums of money from them. Shehzada Nasir took Rs. 630,000, Mulazim Hussain extorted over Rs. 2 million, Roshan Aslam defrauded Rs. 870,000, Abdullah Nadeem received Rs. 500,000, Abdul Aleem took Rs. 550,000, and Majeed Khan swindled Rs. 830,000 from victims by falsely offering work visas for countries including Saudi Arabia, Bahrain, and Oman.
The suspects failed to send the victims abroad and went into hiding after receiving the payments.
The FIA officials confirmed that all accused had now been arrested and formal investigations were underway.