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Suspected Chinese hack of US telecoms reveals broader plot

washington — A hack of U.S. telecommunications systems linked to China that initially appeared to focus on the American presidential campaigns goes much deeper, according to investigators, and is likely part of a vast effort by Beijing to spy on the United States. The FBI and the U.S. Cybersecurity and Infrastructure Security Agency warned on Wednesday that the breach first detected late last month has now “revealed a broad and significant cyber espionage campaign.” The two agencies said in a statement that their investigation has confirmed Chinese-linked hackers compromised the networks of multiple U.S. telecommunication companies, gaining access to a potential treasure trove of information. Specifically, they said the hackers would have been able to access customer call records and infiltrate the private communications of a select number of government officials and politicians. Additionally, the hackers appear to have been able to copy information requested by U.S. law enforcement as a result of court orders. “We expect our understanding of these compromises to grow as the investigation continues,” the FBI and CISA said. “We encourage any organization that believes it might be a victim to engage its local FBI field office or CISA,” they added. The two agencies first announced they were investigating a breach of U.S. telecommunications systems in late October, less than two weeks before U.S. voters cast their ballots in nationwide elections. Word of the breach followed a report by The New York Times that Chinese hackers were thought to have broken into telecommunications networks to target the campaign of President-elect Donald Trump — including phones used by Trump and Vice President-elect JD Vance. The Trump campaign confirmed the breach in a statement to VOA. Separately, a person familiar with the investigation told VOA that people affiliated with the campaign of Vice President Kamala Harris were also targeted. The Chinese Embassy in Washington at the time dismissed the U.S. hacking allegations as disinformation, calling the U.S. "the origin and the biggest perpetrator of cyberattacks." The embassy has yet to respond to the latest FBI and CISA allegations. U.S. intelligence agencies warned for months that foreign adversaries were using a combination of cyberattacks and influence operations to meddle with the November 5 U.S. presidential election. In addition, reports issued by private cybersecurity firms indicated a significant uptick in activity by actors linked to Russia, China and Iran. All three nations have repeatedly denied accusations of election meddling. U.S. agencies, led by CISA and the FBI, have long warned that China-linked hackers have burrowed into U.S. computer systems and networks, in some cases hiding for years. The China-linked group, known as Volt Typhoon, has been "positioning itself to launch destructive cyberattacks that would jeopardize the physical safety of Americans," according to an advisory issued in February. "What we've found to date is likely the tip of the iceberg," CISA Director Jen Easterly said in a statement at the time.




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Six Israeli troops killed in nation's deadliest day in Lebanon 

Jerusalem — Israel suffered one of the deadliest days of its ground offensive against Hezbollah in Lebanon on Wednesday when six of its soldiers were killed in combat near the border.  The soldiers "fell during combat in southern Lebanon," the army said in a statement. Their deaths brought to 47 the number of Israeli troops who have been killed in combat with Hezbollah since September 30, when Israel sent ground forces into Lebanon.  The army's announcement came after Israel Katz, Israel's new defense minister, said there would be no easing up in the war against Hezbollah.  Israeli Prime Minister Benjamin Netanyahu on X shared an image of the "Golani" Brigade symbol, the unit the soldiers who were killed belonged to, a green olive tree against a yellow background, with a broken heart emoji.  Since September 23, Israel has stepped up its bombing campaign in Lebanon, mainly targeting Hezbollah strongholds in south Beirut and in the east and south of the country. On September 30, it sent in ground troops.  The offensive came after nearly a year of cross-border exchanges of fire, launched by Hezbollah in support of its Palestinian ally Hamas following its October 7, 2023, attack on Israel that triggered the Gaza war.  Strike at Aramoun Earlier on Wednesday, an Israeli strike hit Aramoun, a densely packed area south of Beirut that is outside Hezbollah's traditional strongholds. The health ministry said the strike killed six people.  Lebanese state media on the same day reported a third wave of Israeli raids on Hezbollah's south Beirut bastion in 24 hours.  The Israeli army, meanwhile, said it had intercepted some of the "five projectiles" that had crossed from Lebanon into Israeli territory.  Katz told senior military commanders on his first visit to the border region since his appointment last week that Israel would "make no cease-fires, we will not take our foot off the pedal, and we will not allow any arrangement that does not include the achievement of our war objectives."  Katz added: "We will continue to strike Hezbollah everywhere."   Israel's objectives include disarming Hezbollah and pushing the militants beyond the Litani River, which flows across southern Lebanon.  After Katz's address, another airstrike hit a Beirut suburb Wednesday evening after a warning by Israel's military for residents to evacuate.  Hezbollah said on Wednesday it had fired ballistic missiles at the Israeli army's headquarters in the commercial hub of Tel Aviv, which also houses the defense ministry.  Contacted by AFP, the Israeli army spokesperson's unit said it would "not to react to Hezbollah's allegations."  Lebanese authorities say more than 3,360 people have been killed since October 8, 2023, when Hezbollah and Israel began engaging in cross-border clashes.  Rocket fire from Lebanon on Tuesday killed two residents of the northern Israeli city of Nahariya. The deaths brought to 45 the number of civilians killed in northern Israel as a result of rocket fire from Lebanon.  Israeli hostage The Palestinian Islamic Jihad militant group, an ally of Hamas, released a video earlier on Wednesday of an Israeli hostage held in Gaza, identifying himself as Sasha Trupanov.  Trupanov's mother, Lena, in a statement published by the Hostage and Missing Families Forum campaign group, urged the hostages' immediate release.  When Hamas militants staged their October 7, 2023, attack, they killed about 1,200 people and about 250 hostages into the Gaza Strip. Of those, about 100 remain held hostage, while about a third of them are confirmed dead. Their bodies remain in Gaza.  In the more than 13 months of war, Israel’s offensive has killed nearly 44,000 people, the health ministry in Hamas-run Gaza said Wednesday. The health ministry does not distinguish between civilians and combatants but says more than half of those killed were women and children. 




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Conservative lawyer Ted Olson, former US solicitor general, dies at 84

washington — Former U.S. Solicitor General Ted Olson, one of the country's best-known conservative lawyers who served two Republican presidents and successfully argued on behalf of same-sex marriage, died Wednesday. He was 84. The law firm Gibson Dunn, where Olson had practiced since 1965, announced his death on its website. No cause of death was given. Olson was at the center of some of the biggest cases of recent decades, including a win on behalf of George W. Bush in the 2000 Florida presidential election recount dispute that went before the U.S. Supreme Court. "Even in a town full of lawyers, Ted's career as a litigator was particularly prolific," said Mitch McConnell, the longtime Senate Republican leader. "More importantly, I count myself among so many in Washington who knew Ted as a good and decent man." Bush made Olson his solicitor general, a post the lawyer held from 2001 to 2004. Olson had previously served in the Justice Department as an assistant attorney general during President Ronald Reagan's first term in the early 1980s. During his career, Olson argued 65 cases before the Supreme Court, according to Gibson Dunn. "They weren't just little cases," said Theodore Boutrous, a partner at the law firm who worked with Olson for 37 years. "Many of them were big, blockbuster cases that helped shape our society." Those included the Citizens United v. Federal Election Commission, a 2010 case that eliminated many limits on political giving, and a successful challenge to the Trump administration's decision to rescind the Deferred Action for Childhood Arrivals program. "He's the greatest lawyer I've ever worked with or seen in action," said Boutrous, who worked so closely with Olson that they were known at Gibson Dunn as "the two Teds." "He was an entertaining and forceful advocate who could go toe to toe with the Supreme Court justices in a way few lawyers could. They respected him so much." One of Olson's most prominent cases put him at odds with many fellow conservatives. After California adopted a ban on same-sex marriage in 2008, Olson joined forces with former adversary David Boies, who had represented Democrat Al Gore in the presidential election case, to represent California couples seeking the right to marry. During closing arguments, Olson contended that tradition or fears of harm to heterosexual unions were legally insufficient grounds to discriminate against same-sex couples. "It is the right of individuals, not an indulgence to be dispensed by the state," Olson said. "The right to marry, to choose to marry, has never been tied to procreation." A federal judge in California ruled in 2010 that the state's ban violated the U.S. Constitution. The U.S. Supreme Court let that decision stand in 2013. "This is the most important thing I've ever done, as an attorney or a person," Olson later said in a documentary film about the marriage case. He told The Associated Press in 2014 that the marriage case was important because it "involves tens of thousands of people in California, but really millions of people throughout the United States and beyond that to the world." His decision to join the case added a prominent conservative voice to the rapidly shifting views on same-sex marriage across the country. Boies remembered Olson as a giant in legal circles who "left the law, our country, and each of us better than he found us. Few people are a hero to those that know them well. Ted was a hero to those who knew him best." Olson's personal life also intersected tragically with the nation's history when his third wife, well-known conservative legal analyst Barbara Olson, died on September 11, 2001. She was a passenger on American Airlines Flight 77, which crashed into the Pentagon. His other high-profile clients have included quarterback Tom Brady during the "Deflategate" scandal of 2016 and technology company Apple in a legal battle with the FBI over unlocking the phone of a shooter who killed 14 people in San Bernardino, California, in 2015. The range of his career and his stature on the national stage were unmatched, said Barbara Becker, managing partner of Gibson Dunn. In a statement, she described Olson as "a titan of the legal profession and one of the most extraordinary and eloquent advocates of our time."




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At APEC and G20, Biden faces leaders worried about US policy changes

White House — In what will likely be his farewell appearance on the world stage, President Joe Biden faces a daunting question: what to tell world leaders wondering about potential changes in U.S. policies when President-elect Donald Trump returns to the White House with his America First agenda. Biden is set to depart for Peru and Brazil Thursday for two major economic summits. Biden is scheduled to spend Friday and Saturday in Lima with leaders of the Asia-Pacific Economic Cooperation forum, made up of 21 member economies that promote free trade in the region.  He will be in Rio de Janeiro on Monday and Tuesday to meet with leaders of the world's 20 largest economies at the Group of 20 summit. On the way to Rio from Lima, Biden will make a brief stop at Manaus for a climate-focused engagement in Brazil's state of Amazonas. In his meetings, Biden must face allies and partners who four years ago may have been skeptical about his "America is back" message and the durability of U.S. global commitments. These leaders saw Trump, during his first term, act to withdraw the U.S. from the Paris Climate Accord and threaten to pull out of NATO. Uncertainties about future U.S. policy will complicate efforts to reach an agenda on issues of global concern such as trade, poverty and debt alleviation, climate change, sustainable development, and green energy. "There will be a lot of combination of lamenting, speculation, guessing about what we'll see coming first in terms of policies out of the campaign and how countries are best able to position themselves," said Victor Cha, president of the Geopolitics and Foreign Policy Department at the Center for Strategic and International Studies. 'America's allies are vital' To these leaders, Biden's message is that "America's allies are vital to America's national security," said national security adviser Jake Sullivan, who previewed the trip to reporters on Wednesday. "They make us stronger. They multiply our capability. They take a burden off of our shoulders. They contribute to our common causes," Sullivan said. He underscored that Biden would be attending the APEC summit when U.S. alliances in the region were at an "all-time high," with bolstered ties with Japan, Korea, Australia and the Philippines. Biden will hold a trilateral meeting on the sidelines of APEC with President Yoon Suk Yeol of South Korea and Prime Minister Shigeru Ishiba of Japan to "discuss the importance of institutionalizing" the progress made so that it carries forward through the transition to the new administration, Sullivan said. Whatever the questions surrounding the next administration, Biden will emphasize his faith in the "ideals of American engagement around the world," said Josh Lipsky, senior director of the Atlantic Council's GeoEconomics Center. "He believes it is in the best interest of both America and the world for it to continue," Lipsky said. "And not one election or one president can undercut that, from his perspective." Biden's agenda In Rio de Janeiro, Biden will "demonstrate the strong value proposition of the United States to developing countries and lead the G20 to work together to address shared global challenges," the White House said. He is expected to hold bilateral meetings with summit hosts Peruvian President Dina Boluarte and Brazilian President Luiz Inácio Lula da Silva. In Lima, he is set to support Peru's initiative to expand APEC's economic inclusion efforts to empower workers in the informal economy, said Matt Murray, U.S. senior official for APEC. In Rio, he will focus on workers' rights and clean economic growth and attend the launch of the Global Alliance Against Hunger and Poverty, Lula's initiative aimed at accelerating global efforts to reduce hunger and poverty by 2030. In Manaus, Biden will make history as the first sitting U.S. president to visit the Brazilian Amazon. There, he will deliver remarks on climate conservation and engage Indigenous leaders working to preserve the rainforest. Symbolic and short-lived Many of Biden's efforts will be mostly symbolic and short-lived, as the incoming U.S. administration could bring dramatically different priorities on global welfare programs and climate change. Analysts say that while the world has watched U.S. leadership swing from Republican to Democratic and back again in recent years, Chinese President Xi Jinping will seek to project an image of stability as he exerts his vision of China's increased role on the global stage. In Peru, Xi will inaugurate a $1.3 billion megaport, part of China's infrastructure investment program that has bought him influence in various parts of the world. Beijing has increased diplomatic engagement in the region, with Xi visiting 11 Latin American countries since becoming president, according to Chinese state news agency Xinhua. Summit hosts Peru and Brazil are set to honor him with state visits this month. A meeting between Biden and Xi, likely their last during Biden's term, is scheduled in Lima for Saturday. The meeting comes as Trump appoints ardent China critics in key foreign policy positions, moves that could lead to a more confrontational U.S. posture toward Beijing. Whatever the next administration decides, it's going to need to find ways to manage the "tough, complicated relationship" between the U.S. and China, a senior official said when asked what Biden might tell Xi to expect from the incoming administration.




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Nigerian Newspapers: 10 things you need to know Thursday morning

Good morning! Here is today’s summary from Nigerian Newspapers: 1. The Federal Government says it needs $10 billion Public-Private-Partnership investment in the power sector, in the next five to 10 years, to achieve 24 hours power supply. Minister of Power, Adebayo Adelabu disclosed this when the Director-General, Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Ewalefoh, […]

Nigerian Newspapers: 10 things you need to know Thursday morning




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NPFL: Bosso reveals plan for Bayelsa United’s clash against Katsina United

Bayelsa United technical adviser, Ladan Bosso has said it is important for his team to maintain consistency in their performance. The Prosperity Boys will take on Katsina United in a matchday 12 fixture on Sunday. The encounter will take place at the Samson Siasia Stadium, Yenagoa. Bosso said that he will approach the game with […]

NPFL: Bosso reveals plan for Bayelsa United’s clash against Katsina United




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Edo: Obaseki embarks on medical vacation

The immediate past governor of Edo State, Godwin Obaseki, has embarked on what he described as post-tenure vacation. Obaseki said the vacation would enable him to “rest and undergo extended medical checks.” This was disclosed by the immediate past governor’s spokesman, Crusoe Osagie, via a statement on Wednesday. Osagie said Obaseki, “Once again expressed his […]

Edo: Obaseki embarks on medical vacation




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Houthis escalate tensions with US in Red Sea


The Houthis say that their position against "hostile American ships and naval vessels indicates one fact: that position has not and will not change, as long as the aggression" by Israel continues.




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Eden Golan: Representing Israel at Eurovision was 'such an honor'


The Eurovision singer shared details behind her new single 'Older' on ABC's News Live.




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Gal Gadot to star in action thriller The Runner, directed by Kevin Macdonald


Gadot will play a lawyer whose son has been kidnapped. Her character must run all over London, carrying out demands from a mysterious caller who has taken her child.




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‘Nonsense and disgrace’: Ex-Shin Bet Deputy Director slams PMO over classified leak


Yisrael Hasson also condemned the decision to prioritize safeguarding the Prime Minister's son's reputation over national security.




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Red carpet invitation

By KARTUNISTA ZACH






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Two Al-Shabab Suspects Arrested for Mogadishu Businessmen Killings, Third Still Sought

[Shabelle] Mogadishu, Somalia -- The National Intelligence and Security Agency (NISA) said it has made a significant breakthrough in the investigation into the murder of three businessmen in Mogadishu's Darusalam neighborhood last month.




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Somalia's Deputy Information Minister Denies Government Role in Social Media Account Suspensions

[Shabelle] Mogadishu, Somalia -- Somalia's Deputy Minister of Information, Abdirahman Al Adale, has categorically denied allegations suggesting that the federal government had a hand in the suspension of numerous Facebook accounts belonging to notable politicians and journalists.




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Jailed Sittra grilled over Senate run

Embattled lawyer Sittra Biabungkerd was quizzed on Wednesday by election officials for allegedly having run for the Senate despite being unqualified to seek the post.




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Airline results buoyed by arrival, fare hikes

International arrivals helped drive the operating results of Thai carriers despite the third quarter coinciding with the low season, but smaller fleets still pressure the aviation industry, resulting in consistently high airfares.




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Pitfalls in local government changes highlighted

Local government reform had been undertaken without preparation, Akel leader Stefanos Stefanou said on Wednesday. The two and a half years which had been granted while elections were postponed had not been used to do what was needed, resulting in playing catch up, he said. The relevant ministries “have not shown the necessary fervour” towards […]




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Half a metric tonne of meat smuggled from Republic found in Famagusta

A total of 448kgs of meat smuggled from the Republic were found by local police in Famagusta on Wednesday, the town’s Turkish Cypriot municipality said. The meat, all of it beef, was found in a refrigerator at a butcher’s shop in the town. It was confiscated by the municipality, while legal action was taken against […]




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Italian president tells Musk to quit meddling in Italy’s politics

Italian President Sergio Mattarella told Elon Musk on Wednesday not to interfere in Italian affairs after the US billionaire said Rome judges blocking a government anti-immigration initiative should be sent packing. The highly unusual statement from the Italian head of state came against a backdrop of growing tension between the ruling coalition and the judiciary […]




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Our View: Government doctors need to be publicly shamed and defeated

After a brief meeting with representatives of the state health services, Okypy, the perennially angry leader of Pasyki (government doctors union), Sotiris Koumas walked out because his members would not be paid the amount he was demanding for work done in 2023. Shortly after the meeting he appeared on a lunch-time news show on CyBC […]




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US probes UBS over Russian clients from Credit Suisse deal

The United States is pursuing an inquiry into Russian clients that UBS (UBSG.S) took on when it bought Credit Suisse, three people familiar with the matter said, heightening scrutiny of one of the world’s biggest wealth managers. The US sanctions enforcement agency, OFAC, has written to the bank as part of this inquiry, two people […]




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Korean live streamer arrested for injuring massage operator

PATTAYA — A Korean live streamer has been arrested for allegedly injuring the owner of a massage parlour while attempting to block his live coverage of a client's massage.




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2024 Poised to Be Warmest Year Ever—WMO Warns of Escalating Climate Crisis

Once again, scientists issued a red alert by analyzing ongoing world’s weather and its impact on the climate. The year 2024 is on track to be the warmest year on record, contributed by an extended streak of high monthly global mean temperatures. According to the World Meteorological Organization (WMO)’s “State of the Climate 2024 Update” […]




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Blinded by Circumstance: Trachoma’s Stranglehold on Kenya’s Rural Pastoralists

Draped in the vibrant red of his Maasai shuka, 52-year-old Rumosiroi Ole Mpoke sits cross-legged on a worn cowhide mat outside his hut, his face etched with a sorrow deeper than the lines of age. His once-sharp eyes, now clouded by trachoma, can barely make out the shadows of the cattle he once tended with […]




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East Africa: Conflicts, Delayed Financial Remittance Hinder EAC, EALA Progress

[Capital FM] Nairobi -- National Assembly Speaker Moses Wetangula has taken helm of the Bureau of East Africa Community Speaker amidst challenges facing the region bloc which include underfunding and perennial conflict.




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Egypt: Egypt Sentences Detained Journalist to 20 Years - Accused of Threatening 2nd Journalist

[CPJ] Washington, D.C. -- Egyptian authorities sentenced in absentia journalist Yasser Abu Al-Ela to 20 years in prison on charges of joining a terrorist organization and spreading false news. Separately, press freedom advocate Rasha Azab accused the Interior Minister and the head of the National Security Agency of orchestrating recent threats against her and surveilling her movements, which culminated in the theft of her car on November 5.




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Rwanda: Govt Committed to Vision 2050 Despite Challenges, Says Prime Minister

[New Times] Prime Minister Edouard Ngirente has affirmed the government's commitment to advancing toward the nation's Vision 2050 goals, emphasizing resilience in the face of challenges.




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Kenya: U.S. Ambassador Resigns Amid 'Sustained Pressure' On Social Media

[Capital FM] NAIROBI -- United States Ambassador to Kenya, Meg Whitman has announced her resignation after two years of being stationed in Kenya.




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Sudan: French-Manufactured Weapons System Identified in Conflict - New Investigation

[AI London] French-manufactured military technology incorporated into armoured personnel carriers made by the United Arab Emirates is being used on the battlefield in Sudan in what likely constitutes a violation of the UN arms embargo on Darfur, Amnesty International said in a new investigation.




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Mozambique: General Strike Phase 4 - Police Have Killed 50

[Mozambique News Reports And Clippings] Body count now 50




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Africa: Peer Power - How Youth-Led Outreach Can Transform PrEP Access in Tanzania #HIVR4P2024

[allAfrica] Margareth Mwakilasa, an assistant research fellow at Muhimbili University of Health and Allied Sciences in Tanzania and a PhD student in Global Health at University College Dublin, presented her research findings at the 5th HIV Research for Prevention Conference (#HIVR4P2024) in Lima, Peru. Her study, titled ''They are Not HIV Treatment Drugs; They are Preventive Drugs (PrEP): Experiences of Using PrEP Among Vulnerable Adolescent Girls and Young Women in Tanzania,'' was part of the Oral Abstract




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J-Hope 'really excited' for BTS bandmate Jin's debut solo album 'Happy'

J Hope is as excited about BTS bandmate Jin’s debut solo album releases as BTS ARMY and K-pop idol himself.In a recent Weverse Live on Tuesday, November 12, J Hope, whose real name is Jung Ho-seok, updated his whereabouts to the curious fans while teasing new projects in the pipeline and...




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Sean Diddy Combs's secret deals exposed by Singer Ray J

Singer Ray J exposes secret deals of Sean Diddy CombsSean Diddy Combs, American rapper and producer, is currently in deep water as his on-going controversial charges continue to get worse each day. The 55-year-old is now going through a difficult phase of his life being held at the Metropolitan...




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Blue Ivy adds her own spin to Glinda at 'Wicked' premiere

Blue Ivy shocks fans as she attended the movie premiere.Blue Ivy has made a public appearance at the Wicked premiere.On Sunday, November 10th, she attended the Los Angeles premiere with her grandmother, Tina Knowles.The 12-year-old singer stole the spotlight and turned heads as she brought...




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Timothée Chalamet unveils Bob Dylan 'modified' his biopic script

Bob Dylan biopic 'A Complete Unknown' is set to release on December 25Timothée Chalamet, who has been taken on-board to play Bob Dylan’s biopic, revealed that the veteran singer and songwriter made alterations in the script of the upcoming movie. Wonka actor shared that Dylan was the...




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Gabriel Macht reveals why he wanted to distance himself from Harvey Specter

Gabriel Macht reveals his brother believed he was just like his character from 'Suits'Gabriel Macht, American actor, wanted to be as far away as possible from his beloved fictional persona, Harvey Specter. The actor revealed the reason why he holds no interest in living the life the way...




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'Sonic The Hedgehog 3' creator already has an idea for fourth sequel

Jim Carrey, Keanu Reeves and Idris Elba to star in 'Sonic 3'Sonic the Hedgehog 3 end will be putting the basis of the fourth installment. Director, Jeff Fowler revealed that he has been talking to his team about ongoing 'fan debate online' surrounding what characters the franchise can further add...




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Taylor Swift depicts love for Easter eggs with newly launched fashion wear

Taylor Swift depicts love for easter eggs with newly launched fashion wearTaylor Swift's have launched winter wear festive collection, comprising of cheerful garments, snug knitwear along with some Easter eggs.The 34-year-old has unveiled a luxury range, showcasing products drawn from each of...




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John Krasinski being named Sexiest Man Alive sparks surprising fan theory

John Krasinski reportedly could not believe being named the Sexiest Man AliveJohn Krasinski as 2024’s Sexiest Man Alive invoked a mixed reaction from social media, pleasing some fans while leaving the others disappointed. Meanwhile some social media users have found an interesting link...




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Ariana Grande's one 'obsession' from 'Wicked' set revealed

Ariana Grande felt 'obsessed' with 'munchkins' on 'Wicked' setAriana Grande had a “wicked” obsession.Grande felt “immediately obsessed” the first time she saw the Munchkins on the Ivinghoe set of Wicked back in 2022.“She was just obsessed immediately. She wanted her...




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Stocks recover 131 points in mixed trade

KARACHI: The stock market bounced back on Wednesday as investors indulged in value-hunting, helping the benchmark KSE 100 index partially recover overnight losses.

Ali Najib, Head of Sales at Insight Securities, attributed the market’s positive performance to continued buying activity from high-net-worth individuals and mutual funds, supported by improvements on the macroeconomic front, a stable rupee, and a decline in bond market yields.

In early trade, the benchmark KSE-100 index lost 281.49 points to 92,943.59 but rebounded on renewed buying interest, adding 579.02 points to hit an all-time high at 93,803.59 intraday. How­ever, the index settled at 93,355.43 with a trimmed gain of 130.86 points or 0.14pc day-on-day.

Ahsan Mehanti of Arif Habib Corporation said stocks showed recovery led by second and third-tier scrips on strong valuations.

He added that upbeat data on car sales surging 112pc year-on-year in October and the FBR assurance to IMF for dropping contingency measures on revenue, reversing fears about mini-budget were other factors that supported the positive performance at PSX.

Topline Securities Ltd said the market exhibited a consolidation phase, with the index reaching a peak of 93,804 and dipping to a low of 92,943.

The index was boosted by positive contributions from Mari Petroleum, Lucky Cement, The Searle, Engro Corporation, and POL, which collectively added 461 points. Conv­ersely, Oil and Gas Dev­elop­ment Company, Fauji Fertiliser, and Meezan Bank experienced some profit-taking, resulting in a combined loss of 213 points to the index.

The trading volume was up 1.78pc to 807.06m shares, and its value by 2.92pc to Rs31.68.

Stocks contributing significantly to the traded volume included WorldCall Tele­com (43.29m shares), Waves Home Appliances (33.20m shares), Pakistan Refinery (31.52m shares), K-Electric (27.45m shares) and Pak Elektron (26.99m shares).

The shares registering the most significant incre­ases in their prices in absolute terms were Rafhan Maize (Rs64.96), Philip Morris (Rs38.17), Mari Pet­ro­leum (Rs30.13), Lucky Cement (Rs28.64) and Packages Ltd (Rs28.37).

Foreigners remained net sellers as they offloaded shares worth $5.01m.

Published in Dawn, November 14th, 2024




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6,000 guns looted during Bangladesh uprising recovered

DHAKA: Bangladesh’s army said on Wednesday it had arrested 2,500 people and recovered 6,000 guns as it seeks to bolster security since the revolution that ousted ex-leader Sheikh Hasina in August.

Thousands of weapons were looted in the deadly violence during the student-led revolution that toppled Hasina and the immediate chaos after she escaped mass protests and fled to India by helicopter.

More than 3,700 weapons were handed in during an amnesty that ended in early September, with the security forces then launching a weapons sweep to collect the guns.

Colonel Intekhab Haider Khan told reporters that a total of 6,000 illegally held firearms had been collected, along with 200,000 rounds of ammunition. “Our operation is still ongoing,” Khan said.

The interim government that took over after Hasina granted the armed forces judicial power, allowing them to engage in day-to-day enforcement activities like the police. “There has been no directive from the government regarding the army’s withdrawal,” Khan said.

The army rejected reports four people had died in military custody since August, insisting troops were “strictly adhering” to rules. “Should any complaints arise, we will take necessary action,” he said.

Published in Dawn, November 14th, 2024




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Kundi pledges to highlight KP’s issues in SIFC

PESHAWAR: Governor Faisal Karim Kundi on Wednesday said that efforts were underway to highlight the issues of Khyber Pakhtunkhwa, especially of southern districts, in Special Investment Facilitation Council (SIFC) regarding trade and business.

He expressed these views during a meeting with a delegation of Kohat Chamber of Commerce and Industry, led by its president and vice-president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Rashid Ahmad Pracha.

During the discussion, the governor emphasised the importance of business community in fostering trade and industrial growth in the region.

He said that federal government allocated funds for establishment of an expo centre by Trade Development Authority in Peshawar, which was expected to be completed soon.

He said federal minister for information also approved establishment of a hall for cultural activities. He also mentioned his efforts to strengthen ties between traders from Saudi Arabia and Khyber Pakhtunkhwa as well as explore opportunities for business growth with Tajikistan.

Mr Kundi said that there were seven trade routes between Khyber Pakhtunkhwa and Central Asia.

“If these routes are restored, they can significantly change the province’s economic outlook,” he added.

The delegation also highlighted the increasing interest in setting up factories in Kohat and other southern districts of the province.

However, it raised concerns over lack of institutional support, inadequate facilities and poor connectivity, which remained main obstacles for investors.

The delegation requested the governor to forward to relevant authorities its recommendations for establishment of a Smeda office in Kohat, reduction in electricity tariffs and provision of other facilities and incentives.

In response, Mr Kundi assured the delegation of his full support and commitment to resolving the issues. He said that federal government was also serious about promoting trade and industry.

He said that international institutions acknowledged the improving economic situation in Pakistan.

The meeting concluded with the delegation thanking the governor for his assurances of cooperation and expressing the hope that the discussion would yield positive results for the province’s industrial and commercial development.

Published in Dawn, November 14th, 2024




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Govt facilitating girls to excel in education, sports: CM

PESHAWAR: Khyber Pakhtunkhwa Chief Minister Ali Amin Khan Gandapur on Wednesday said his government is committed to providing maximum opportunities to girls to excel in education and sports.

He said that perseverance was key to success in life and that striving forward with determination and high spirits ultimately led to success.

He was speaking at the concluding ceremony of All Pakistan Inter-Boards Girls Cricket and Tennis Championship held at the Board of Intermediate and Secondary Education, Peshawar, according to a statement issued from the chief minister’s secretariat on Wednesday.

The competitions commenced on Nov 9, featuring teams from KP and various other educational boards from across the country.

Mr Gandapur welcomed the participants from other provinces and emphasised the importance of organising sports alongside academic activities.

“The purpose of holding such events is to polish the skills of our youth, and get them prepared for practical life ahead,” the statement quoted Mr Gandapur as saying. “Challenges are part of the journey to success and should be faced head-on,” he added.

“A person becomes great when he dreams big,” he said while quoting PTI founder Imran Khan, adding that one must set ambitious goals and move forward with courage.

The chief minister congratulated the Lahore Board’s cricket team on its victory, and affirmed the importance of investing in youth.

Mr Gandapur also announced cash prizes of Rs50,000 for each participating team.

He also distributed trophies and shields among the players.

In tennis, the Lahore Board secured the first position followed by Mardan, while Peshawar Board and Punjab Board of Technical Education, Lahore, shared the third position.

Similarly, the Lahore Board clinched the first position in the cricket tournament, while Peshawar remained the runner-up.

The chief minister also inaugurated a newly-constructed gymnasium at the Peshawar BISE, which has been established at a cost of Rs160 million. The facility includes boxing, karate, taekwondo, wrestling rings, a table tennis court and a fitness gym.

Published in Dawn, November 14th, 2024




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Armed men attack Duki construction camp, kidnap three labourers

QUETTA: Unknown armed men attacked the camp of a road construction company in Duki district on Wednesday, setting fire to machinery and kidnapping three labourers working at the site.

Police officials said the armed men stormed the camp, which was set up for the construction of a road linking Duki to the Chamalang coal mines field. The attackers cordoned off the camp, ransacked it and set fire to the construction machinery and other equipment.

“Machinery was completely gutted in the fire,” said a senior police officer, adding that the armed men, while fleeing the scene, also abducted three labourers at gunpoint. The kidnapped workers belong to Kuchlak.

The Duki region has been experiencing such incidents for several months. Last month, 21 coal miners were killed and six others injured when unknown armed men attacked the coal mine area in Duki. In addition, several trucks transporting coal to Punjab and other parts of the country were set on fire along the Duki-Loralai road and other areas.

Just last week, four coal-laden trucks were attacked and set on fire, and a truck driver was killed in the assault. Due to the ongoing violence, many mine owners in the area have been forced to close their mines for security reasons.

Published in Dawn, November 14th, 2024




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Sole PIA bid formally rejected, case sent back to cabinet

ISLAMABAD: The Priv­atisation Commission’s board on Wednesday rejected a Rs10 billion bid submitted by the sole bidder for the divestment of 60 per cent shares in Pakistan International Airlines Corpo­ration Limited (PIACL), the privatisation ministry said in a statement.

The board decided to refer the issue of PIA’s privatisation to the Cabinet Committee on Privati­sation for further consideration.

Last month, the final bidding process for the privatisation of PIA attracted just one bid of Rs10bn for a 60pc stake in the national flag carrier.

Only real-estate development company Blue World City participated in the bidding process, placing a bid that was below the government-set minimum price of Rs85bn.

PC Board seeks improved offers for state-owned entities

The government had prequalified six groups in June, but only Blue World City participated in the final bidding process. Due to the huge difference between the expected and actual bids, the commission gave the consortium more time to reconsider its bid. However, Blue World City consortium chairman Saad Nazir kept the price unchanged.

On Wednesday, in a meeting chaired by Privatisation Mini­ster Abdul Aleem Khan, the board discussed advancing privatisation efforts for state-owned entities, including PIA and stressed the need to attract stronger bids in future transactions.

Mr Khan directed that the privatisation process should be carried forward without delay and underscored the importance of securing better offers for upcoming bids.

The board explored various options to expedite PIA’s divestment and reviewed the status of other ongoing privatisation transactions.

Mr Khan said that the framework given by the caretaker government for PIA’s privatisation was taken forward, but “now we have to keep in mind the concerns of the institutions involved in the privatisation”. He emphasised that “we have to learn from the privatisation process of PIA and have to be more active in future”.

The board decided to form a three-member committee to participate in the process of privatisation by members of the board. The meeting was briefed on various issues of privatisation and expressed satisfaction with the development so far.

During the meeting, various proposals were presented for PIA and the process of privatisation, and views were expressed on various issues and important decisions were taken. The minister extended the opportunity to all the Privatisation Comm­ission’s board members and heard their suggestions. Impor­tant issues related to the privatisation of other projects were also discussed.

“The privatisation issues will be completed in accordance with the laws and regulations and keeping in view the national interest before us because the final decision on the issues of privatisation of PIA and other institutions has to be taken by the cabinet committee,” Mr Khan said, according to the ministry’s statement.

In his briefing, the secretary of the Privatisation Commission noted that several international airlines, including Turkish Air­lines and Singapore Airlines, had expressed interest in PIA’s privatisation.

Published in Dawn, November 14th, 2024




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‘BLA ringleader’ among 16 killed in operations across KP, Balochistan

PESHAWAR / QUETTA: An important ‘commander’ of a banned organisation was among 16 terrorists killed and six others injured in gun battles, retaliatory attacks and operations carried out in Balochistan and Khyber Pakhtunkhwa, it was officially announced on Wednesday.

Security forces conducted an intelligence-based operation (IBO) on the reported presence of khwarij (the military’s terminology for the proscribed Tehreek-i-Taliban Pakistan) in the Miramshah area of North Waziristan district between Nov 12 and 13, said a statement issued by the Inter-Services Public Relations (ISPR).

The security forces effectively engaged the terrorist locations during the operation. Eight terrorists were killed and six others injured during the exchange of fire.

In the Kech area of Balochistan, four terrorists, including an important ‘commander’, were killed in a gun battle during an operation, the ISPR said.

Majeed Brigade man was responsible for choosing suicide bombers, says ISPR

In a statement, the military’s media wing said that on the night between Nov 12 and 13, security forces conducted IBOs in the general area Balgatar of Kech district on the reported presence of terrorists.

After an intense exchange of fire between the troops and the terrorists, a high-value target, terrorists’ ringleader Sana alias Baru was killed along with three other terrorists.

The ISPR said that Sana was the focal recruitment agent, especially for suicide bombers, for the so-called Majeed Brigade wing of the banned Balochistan Liberation Army in Kech district and was highly wanted by the law enforcement agencies.

Weapons and ammunition were recovered from the killed terrorists.

Sanitisation operations were being conducted in Miramshah and Kech to eliminate any other terrorists found in the areas, the ISPR said, adding that security forces were determined to wipe out the menace of terrorism from the country and thwart attempts to sabotage peace, stability and progress of Balochistan.

Earlier in the day, four terrorists were killed in two encounters conducted by the Counter-Terrorism Department (CTD) personnel in Malakand, officials said.

Arms and ammunitions were seized after the gun battles, they added.

In the first encounter, three terrorists were killed when the CTD personnel retaliated against attackers in the Sher Khana Palai area. The dead militants were identified as Rizwan alias Bodagay, Salman, and Abdur Rehman alias Shadmani.

Rizwan was wanted by the police and security forces for his involvement in various terrorism-related cases, and was also involved in the firing incident at the historic Churchill Packet, they said.

Deputy Inspector General CTD Hassan Raza told a press conference in Batkhela that his department had received information on Oct 23 that some terrorists had sneaked into the country from Afghanistan and they were planning to carry out subversive activities in different districts of Malakand Division, including Bajaur, Malakand and Swat.

He said that terrorists attacked a CTD team, which had placed barricades on a road at the Sher Khana Palai area to check their movement. In a retaliatory action, the CTD personnel killed three terrorists.

The CTD personnel recovered three Kalashnikovs, hand grenades, pistols and live rounds from the dead militants.

During the other encounter, security forces killed a terrorist, identified as Abdullah.

DIG Raza, flanked by SP Malakand Amjad Ali Khan, stated that the killed terrorists, who belonged to the Sher Khana Palai area, were wanted by the police and security forces for their involvement in several terrorism-related cases. He said a search operation continued in the area.

Gohar Ali Gohar in Malakand also contributed to this report

Published in Dawn, November 14th, 2024




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Mini-budget unlikely as IMF satisfied with tax steps

• Hike in petroleum levy, imposition of GST on petroleum products not expected anytime soon
• Govt sees economic activity picking up next month due to stable rupee, lower policy rate
• Senate body points to issues in Islamic banking, fraudulent POS receipts, fake ATM notes
• 10pc levy on transport with Iran has left over 600 trucks stalled

ISLAMABAD: The Inter­national Monetary Fund (IMF) is reported to have expressed satisfaction over the increase in the tax-to-GDP ratio by nearly 1.5 percentage points, relieving the authorities from any push for additional tax measures through a mini-budget.

According to sources closely involved in ongoing discussions with the visiting IMF mission, the Federal Board of Revenue’s (FBR) revenue collection target for the current fiscal year will remain unchanged at Rs12.97 trillion. Authorities have ruled out the need for additional taxes or a mini-budget, citing the IMF’s positive response.

Officials said that economic activity is expected to pick up by December in view of a stable exchange rate and a reduction in the State Bank’s policy rate, likely offsetting a tax shortfall of around Rs190 billion recorded in the first four months (July to October) of the fiscal year.

There would neither be any increase in the petroleum levy nor would general sales tax (GST) be imposed on petroleum products, the sources said after a meeting of the Senate Standing Committee on Finance and Revenue presided over by PPP Senator Salim Mandviwalla.

They said the tax-to-GDP ratio had increased from 8.8pc to 10.3pc and the IMF was satisfied with this 1.5 percentage point improvement.

The sources reiterated the commitment given to the IMF that tax collection on agriculture income would start from the next fiscal year. They said that tax reforms were progressing and the draft Tax Laws Amendment Ordinance 2024 had been presented to the prime minister for approval. The ordinance contains a new family income tax return system and abolishes the concepts of non-filers and late filers.

The sources, however, hinted at tinkering with the Tajir Dost Scheme to effectively bring in traders into the tax net and said these were being discussed with the IMF mission during the ongoing meetings.

The IMF has been told that the FBR collected Rs12bn from retailers during the first quarter of 2024-25, although only 500,000 potential retailers were the target out of three million small shopkeepers.

‘Slow progress on Islamic banking’

Earlier, the Senate panel decided to call scholars of the Council of Islamic Ideology to have input on the working of Islamic banking operations in Pakistan, for which a special session would be arranged.

The central bank’s deputy governor told the panel that Riba was the main difference between conventional banking and Islamic banking.

Senator Farooq H. Naek pointed out that full implementation of Islamic banking was committed for 2027, but progress had been very slow. The SBP’s deputy governor emphasised the need for continued deliberation on Islamic banking and assured the committee that several banks were actively working towards compliance.

FBR Chairman Rashid Mehmood Langrial told the panel that FBR’s enforcement would be improved in the coming months after approval of a transformation plan, including enhancing the board’s operational expertise, organisational capacities and anti-smuggling measures.

Key discussions during the meeting included the contentious 10pc levy on transport and businesses between Pakistan and Iran, raised by Senator Manzoor Ahmad Kakar in a Senate session. The committee resolved to report to the house that the issue may be referred to the Standing Committee on Communications, noting that the levy, imposed with the federal government’s approval, did not pertain to the Federal Board of Revenue.

While FBR officials emphasised that this specific tax was not their responsibility, Senator Kakar raised concerns that Pakistani trucks were being unfairly taxed, with over 600 trucks currently parked due to the levy. The committee agreed to forward the matter to the Communications Committee for further deliberation.

The committee also discussed concerns raised by Senator Mohsin Aziz regarding the fee collected by FBR for point of sale (POS) services and its utilisation. The FBR chairman confirmed the introduction of a policy to penalise businesses that are issuing fake POS receipts, imposing fines of Rs500,000 and shutting down shops involved in such practices.

Senator Aziz highlighted weaknesses in enforcement, with some fake receipts circulating in the mar­ket, including a bill in Islamabad marked “tentative”. The FBR chairman acknowledged the issue and assured that enforcement mea­sures would be strengthened soon.

A key briefing by the SBP highlighted the performance of banking branches in smaller provinces, revealing that as of June 30, 2024, there were 3,334 banking branches operating in Balochistan, Khyber Pakhtunkhwa, Azad Jammu and Kashmir and Gilgit-Baltistan, accounting for 20pc of the total nationwide branches. Additionally, 199 branches of microfinance banks were serving these regions, representing 13pc of the country’s total microfinance network.

Another pressing issue discussed was the problem of counterfeit currency dispensed from ATMs. Senator Kakar cited a case where a young man received fake Rs5,000 notes from an ATM. The CEO of a commercial bank assured the committee that security measures were being enhanced to address this issue.

Published in Dawn, November 14th, 2024