Nadhmi Al-Nasr’s successor, Aiman al-Mudaifer, currently head of PIF's Local Real Estate Division, will serve as Neom’s acting CEO.  

Connecting Iran's Shetab interbank network to the Russian system enabled collaboration, reducing reliance on the global SWIFT network, which has excluded Iranian banks since 2018.

Israel's military campaign against Hamas and Hezbollah could reshape Middle Eastern alliances and weaken Iran's regional influence.

IDF soldiers operated in both Gaza and southern Lebanon, where they eliminated terrorists and terror infrastructure.

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new payment creation solution, ePayment 2.0, as part of reforms to enhance revenue collection through advanced digital solutions.

The new payment system is available within the IRIS 2.0 portal, an advanced platform designed to simplify tax payment processes for taxpayers across Pakistan. Director General (IT&DT) Aisha Farooq inaugurated the ePayment System at PRAL Headquarters in Islamabad.

This innovative system enables secure, efficient, and user-friendly online payments, accessible directly from taxpayers’ bank accounts via Internet banking, ATMs, and mobile banking, eliminating the need for physical bank visits.

An official announcement said ePayment 2.0 marks a significant advancement in revenue management, covering a wide range of taxes, including income, sales, federal excise duty, and withholding taxes. Previously, taxpayers used a separate ePayment system outside IRIS 2.0, requiring them to switch between portals.

With ePayment 2.0, FBR has provided a unified and improved user interface that is accessible directly within IRIS 2.0. Generating a unique Payment Slip ID (PSID) enables quick and convenient payments for registered and unregistered taxpayers. Upon payment completion, a Computerised Payment Receipt (CPR) is issued via email and SMS, providing official confirmation and easy access for future use within the IRIS 2.0 system.

Further details show that through a secure, precise multi-step workflow, the system allows taxpayers to generate a PSID, complete payment through ADC channels, and receive a CPR in real-time, which is accessible for future compliance needs within IRIS.

It includes a comprehensive PSID search feature to enhance transparency and accountability, allowing taxpayers to retrieve and confirm payment records easily.

This level of automation and integration minimises errors and delays, significantly improving the tax payment experience and supporting FBR’s vision for a business-friendly, compliant tax environment.

With the introduction of ePayment 2.0, FBR has simplified the tax payment process and unified it within the IRIS 2.0 platform, providing taxpayers with a seamless, enhanced experience.

This integrated system eliminates the need for multiple logins and platform switches, offering a single, cohesive interface that is intuitive and efficient. Taxpayers now benefit from a streamlined process that brings all essential tax payment functions under one roof, making compliance more accessible and convenient than ever.

By prioritising user experience through a modernised, consolidated interface, FBR reaffirms its commitment to supporting taxpayers and fostering a more efficient, digitally progressive Pakistan.

Published in Dawn, November 14th, 2024

ISLAMABAD: The Ministry of Mari­time Affairs has prepared the draft of a new shipping policy, which includes provisions aimed at providing financial sec­u­rity to the owners of registered ships.

‘Pakistan Shipping Policy 2024’ will replace Pakistan Merchant Marine Policy 2001, as well as the amended version of 2019. The ministry organised a workshop of stakeholders on Wednesday to discuss the draft of the new shipping policy.

Maritime Affairs Secretary Syed Zafar Ali Shah, chairpersons of port authorities, senior officials of the maritime affairs ministry and stakeholders from the private sector participated in the workshop.

The policy makes it possible by legislation to furnish a bond of adequate amount to owners of any registered ship if it is detained or seized for any reason within the territorial jurisdiction of Pakistan, and it should be within 24 hours after taking the surety bond.

The secretary of maritime affairs informed participants of the workshop that the Shipping Policy 2024 has been made in accordance with the standards and rules of the International Maritime Organisation.

It was noted that the government should ensure that if the case is settled, the bail bonds are returned within one month.

In this regard, a help desk should also be established within the ministry of maritime affairs and special courts related to maritime affairs should also be set up having powers equal to high courts.

The draft proposes that the newly registered Pakistani shipping company will pay $0.75 per gross registered tonnage for five years, while currently the Pakistan National Shipping Corporation (PNSC) is paying $1 per gross registered tonnage on its revenue.

The rebate of $0.25 to new companies is likely to encourage domestic and national investors to show interest in maritime industry.

The draft has proposed that the registered Pakistani shipping companies would be allowed to seek financing from foreign financial institutions and banks.

A proposal to grant tax exemption for 10 years to new foreign shipping companies was brought forward by the participants of the workshop, and they stressed for assistance by state authorities to Pakistan shipping companies in opening foreign currency accounts.

Published in Dawn, November 14th, 2024

KARACHI: The government on Wednesday raised Rs778 billion against the treasury bills (T-bills) auction target of Rs800bn, with minor changes in the cut-off yields for different tenors.

The State Bank of Pakistan reported that massive bids of Rs1.844 trillion reflected ample liquidity in the banking sector.

The government slashed the rate for three-month tenor by 20 basis points to 13.69 per cent while the yield on benchmark six-month T-bills was kept unchanged at 13.5pc.

However, the yield on 12-month papers increased by 10bps to 13.19pc.

Compared to the secondary market, the cut-off yields for three-, six- and 12-month T-bills were higher by 47bps, 36bps and 17bps, respectively.

The government is borrowing less than the investors’ expectations mainly because of the higher liquidity available in its accounts.

Published in Dawn, November 14th, 2024

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

ISLAMABAD: The Space and Upper Atmo­sphere Research Comm­ission (Suparco) annou­nced on Wednesday its collaboration on a groundbreaking lunar exploration mission in partnership with China’s Chang’e 8 mission, set to launch in 2028.

“This collaboration marks a significant milestone for Pakistan’s space programme, as Suparco’s indigenous rover will be part of the mission to explore the lunar surface,” said a press release issued the commission.

The collaboration underscores the strong bilateral relations between Pakistan and China and their shared vision for advancing space exploration. Suparco’s rover, weighing approximately 35 kilogrammes, will join the Chang’e 8 mission, which is part of the larger International Lunar Research Station (ILRS) initiative.

The rover will land on the Moon’s south pole, an area renowned for its challenging terrain and potential for groundbreaking scientific discoveries. The mission’s objectives include exploring the lunar surface, conducting scientific experiments, and testing new technologies for future lunar and planetary exploration.

Key experiments will include the study of lunar soil, the mapping of the lunar surface, and the testing of sustainable technologies for human presence on the Moon.

Suparco’s rover, equipped with state-of-the-art scientific instruments, will play a crucial role in collecting data that could pave the way for future lunar missions.

Published in Dawn, November 14th, 2024

CAIRO: Israeli military strikes killed at least 22 Palestinians across the Gaza Strip on Wednesday, as Israeli forces deepened their incursion into Beit Hanoun town in the north, forcing most remaining residents to leave.

Residents said Israeli forces besieged shelters housing displaced families and the remaining population, which some estimated at a few thousand, ordering them to head south through a checkpoint separating two towns and a refugee camp in the north from Gaza City.

Men were held for questioning, while women and children were allowed to continue towards Gaza City, residents and Palestinian medics said.

Israel’s campaign in the north of Gaza, and the evacuation of tens of thousands of Palestinians from the area, has fuelled claims from Palestinians that it is clearing the area for use as a buffer zone and potentially for a return of Jewish settlers.

Students occupy defence firm Leonardo’s headquarters in Italy to protest against assistance to Tel Aviv

“The scenes of the 1948 catastrophe are being repeated. Israel is repeating its massacres, displacement and destruction,” said Saed, 48, a resident of Beit Lahiya, who arrived in Gaza City on Wednesday.

“North Gaza is being turned into a large buffer zone, Israel is carrying out ethnic cleansing under the sight and hearing of the impotent world,” he said via a chat app.

Protest

Around a hundred students occupied Leonardo’s Turin headquarters to denounce what they say is the Italian defence group’s complicity in Israel’s bombardment of the Gaza Strip.

The students, who unfurled a flag of the Palestinian territories from the roof of Leonardo’s offices, said the company was supporting Israel by providing remote technical assistance and spare parts to Israel’s air force. Leonardo declined to comment.

Images released by the students show them in Leonardo’s offices waving Palestinian flags and carrying spray cans. Outside they hung banners on the buildings saying ‘no arms to Israel’ and accusing the group of complicity in genocide. They also clambered on top of a plane in the grounds of the company’s headquarters.

Italian Defence Minister Guido Crosetto condemned the protest, saying on X that the students were “destroying and defacing” the offices where an “important meeting with the staff of the defence ministry” was taking place.

“These people must be treated for what they are, dangerous subversives. Criminals have no political colour, they are just criminals,” he said.

No plans for settlers’ return

The Israeli military has denied any such intention, and Prime Minister Benjamin Netanyahu has said he does not want to reverse the 2005 withdrawal of settlers from Gaza. Hardliners in his government have talked openly about going back.Speaking on Wednesday, US Secretary of State Antony Blinken said Israel “has accomplished the goals that it set for itself” by taking out Hamas’ leadership and ensuring the group is unable to launch another massive attack. “This should be a time to end the war,” he said.

“We also need to make sure we have a plan for what follows,” he said, “so that if Israel decides to end the war and we find a way to get the hostages out, we also have a clear plan so that Israel can get out of Gaza and we make sure that Hamas is not going back in.”

Senior Hamas official Sami Abu Zuhri said Blinken’s comments showed: “We are facing one enemy and that the US enmity against the Palestinian people is no less than that of the occupation.”

Medics said five people were killed in an Israeli strike that hit a group of people outside Kamal Adwan Hospital near Beit Lahiya, while five others were killed in two separate strikes in Nuseirat in central Gaza Strip where the army began a limited raid two days ago.

In Rafah, near the border with Egypt, one man was killed and several others were wounded in an Israeli airstrike, while three Palestinians were killed in two separate Israeli airstrikes in Shejaia suburb of Gaza City, medics added. Later on Wednesday, an Israeli strike on a house in western Khan Younis in the southern Gaza Strip killed eight people, medics said.

Published in Dawn, November 14th, 2024

MUMBAI: India’s Supreme Court on Wednesday strongly criticised states which were demolishing properties of suspected criminals, a practice critics say targets mostly minority Muslims, and issued guidelines to authorities.

The verdict came in response to many petitions filed after demolitions in states ruled by Prime Minister Narendra Modi’s Hindu nationalist Bharatiya Janata Party (BJP) in recent years.

BJP governments in the states have torn down what they say are illegal houses or shops of people accused of crimes, many of them Muslims, in what has come to be popularly known as “instant, bulldozer justice”.

Rights groups and opposition parties have denounced the practice, saying it targets mostly poor Muslims while circumventing the judicial process.

Verdict comes in response to many petitions filed after demolitions targeting Muslims

BJP governments have rejected the accusations and said such properties were in violation of local laws and the owners had been served notices.

On Wednesday, a two-judge bench of the Supreme Court ruled that the state and its officials cannot take arbitrary action against suspects or convicts without following the due process of law. It also laid down guidelines, including issuing prior notice and taking a video of the demolition process. “It is not a happy sight to see women, children and aged persons dragged to the streets overnight. Heavens would not fall on the authorities if they hold their hands for some period,” the court said. There was no immediate reaction to the verdict from the BJP.

Bulldozer action

Calls for India to enshrine Hindu supremacy in law have rapidly grown louder after Modi government’s success in 2014. Hindu nationalist groups were emboldened in their campaign against Muslim religious structures.

“Bulldozer action”, popularly known as “bulldozer justice”, were actions observed by many practitioners as a campaign against the Muslim minority, bulldozing their homes, mosques and shopfronts.

The practices were mainly observed after Yogi Adityanath, Chief Minister of Uttar Pradesh and a saffron-robed Hindu monk seen as a potential successor to Prime Minister Modi, championed the bulldozer as a symbol of his commitment to law and order and as a potential tool to use against “trouble-makers” in 2017. Since then “bulldozer politics” have spread elsewhere in the country and demolition campaigns have begun quickly following on the heels of outbreaks of religious unrest.

Officials said the spate of demolitions were lawful as they only targeted buildings constructed without legal approval. But victims of the campaign deny that their dwellings are illegal, and say they are not given the legally required notice period to dispute demolition orders.

Published in Dawn, November 14th, 2024

TEHRAN: International Atomic Energy Agency chief Rafael Grossi arrived in Iran on Wednesday for discussions on Tehran’s nuclear programme, a week after Donald Trump’s election as the new US president.

Grossi, who is the director general of the UN agency, was greeted on Wednesday evening at the airport by Behrouz Kamalvandi, the spokesman for the Atomic Energy Organisation of Iran or AEOI.

Grossi is set to meet on Thursday in Tehran with AEOI chief Mohammad Eslami as well as Foreign Minister Abbas Araghchi, who was chief negotiator in the nuclear talks between Tehran and the major powers that resulted in the 2015 deal formally called the Joint Comprehensive Plan of Action or JCPOA.

The deal, reached after 21 months of negotiations between Iran and world powers, gave Tehran sanctions relief in exchange for curbs on its nuclear programme to guarantee that it could not develop a nuclear weapon — something it has always denied wanting to do. Three years later, then-president Trump unilaterally withdrew the United States from the agreement and reimposed heavy sanctions against Iran.

European powers pushing for resolution against Iran at IAEA

‘Comprehensive report’

European powers are pushing for a new resolution against Iran by the UN atomic watchdog’s board to pressure Tehran over its poor cooperation, diplomats say.

Such resolutions risk further diplomatic tension with Iran. The resolution would task the IAEA with issuing a so-called “comprehensive report” on Iran’s nuclear activities in addition to its regular quarterly ones, which would describe in more detail and put further focus on problem areas like Iran’s continued failure to explain uranium traces found at undeclared sites.

The aim is to force Iran back to the negotiating table to agree new restrictions on its nuclear activities in exchange for sanctions relief.

“Our concerns about Iranian nuclear activity are well known. It feels a natural point to be asking the IAEA for a thorough report. That then provides a basis to deal with Iranian behaviour,” a European diplomat said, one of five who said France, Britain and Germany are pushing for a resolution.

The United States has not been the driving force behind the resolution but is still expected to back it, as happened with the last resolution against Iran in June, diplomats said. The European powers seeking a resolution, known as the “E3”, are discussing the draft with the outgoing US administration.

Published in Dawn, November 14th, 2024

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

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

MANSEHRA: Jamiat Ulema-i-Islam-Fazl provincial emir Maulana Attaur Rehman on Wednesday said that his party was going to launch a protest movement against Israel’s genocide in Gaza.

“I am here to invite you to our Dec 8 conference in Peshawar to demand an end to the killing of Palestinian men, women, and children by Israeli forces in Gaza,” Mr Rehman told a gathering here.

JUI-F district emir and former senator Hidayatullah Shah and provincial acting general secretary Maulana Nasir Mehmood also addressed the gathering.

Mr Rehman said JUI-F central emir Maulana Fazlur Rehman would address the Peshawar conference.

“We expect over one million people will attend the moot from across the country, especially Khyber Pakhtunkhwa, to show solidarity with Palestinians against Israeli brutalities,” he said.

Moot to be held in Peshawar to show solidarity with Palestinians

The JUI leader said his party was striving for the enforcement of Shariah in the country through peaceful and political means, hoping that the struggle would eventually succeed.

He said the party chief, Maulana Fazlur Rehman, helped steer the country out of constitutional and political crises and played a pivotal role in the enactment of 26th Constitutional Amendment, which carried a clause for the elimination of usury from the country.

Mr Rehman acknowledged rifts in the party’s Mansehra chapter and promised corrective measures.

DRIVE AGAINST ENCROACHMENT: The tehsil municipal administration on Wednesday launched a campaign against encroachments in Mansehra city and its suburbs.

“We have removed temporary and permanent illegal structures to ensure the smooth flow of traffic,” tehsil municipal officer Mazhar Muzzaffar Awan told reporters.

A joint team from the police and TMA cleared encroachments from along Abbottabad Road, Kashmir Road, and Shinkiari Road.

It also took away handcarts and goods placed outside shops and markets, and warned traders of strict legal action in case of road and pavement encroachments in the future.

“This anti-encroachment drive will be extended to the areas where traders have already been given notices to voluntarily remove structures obstructing traffic,” he said.

Mr Awan said handcarts and fruit and vegetable stalls outside the King Abdullah Teaching Hospital were also removed.

“We are also taking strict action against TMA’s officials who either remained absent or failed to attend to their duties regularly and a biometric system has been installed that verifies staff attendance using facial recognition,” he said.

The TMO said that officials still absent from duty were served with show-cause notices.

“We will terminate employees who remain absent and fail to respond to the notices,” he said.

The official said dumping sites were being relocated to protect people’s health and life.

“With the rainy season underway in the district, we have cleared all choked drains and sewage lines along the Karakoram Highway,” he said.

Published in Dawn, November 14th, 2024

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

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

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

LONDON: In a dramatic turn of events at the Old Bailey, Urfan Sharif confessed to the murder of his 10-year-old daughter, Sara Sharif, admitting in court that he “takes full responsibility” for her tragic death.

Sharif detailed the brutal treatment he inflicted upon the girl, acknowledging he beat her with a cricket bat and metal pole, leading to her death on Aug 8, 2023, days before her body was discovered in their Surrey home.

The confession came during cross-examination by Caroline Carberry KC, who asked him bluntly if he had killed her by beating. “Yes, she died because of me,” Sharif responded. He revealed that he had struck Sara “severely” over several weeks, reportedly because he was angered by her frequent episodes of soiling herself and vomiting.

Sharif, 42, his wife, Beinash Batool, 30 and his brother Faisal Malik, 29, all facing charges related to what prosecutors have described as a “campaign of abuse” against Sara. The trio fled to Pakistan shortly after Sara’s death, with Sharif later calling the British police to confess he had “beat her up too much”.

A handwritten note, found near Sara’s fully clothed body, further documented Sharif’s admission, stating: “I swear to God that my intention was not to kill her. But I lost it.”

Medical examination reports presented to the court were harrowing. Sara’s postmortem revealed 71 external injuries, including fractures, burns, and bite marks.

When confronted with images of Sara’s injuries, Sharif appeared unable to look, repeatedly saying, “I accept everything,” as Carberry questioned him on the details of his alleged actions.

The prosecution presented a disturbing video clip from Aug 6, showing Sara dancing just two days before her death. Despite this glimpse of her lively spirit, Sharif admitted to brutally beating her that same evening.

The defence team for Sharif later sought a private consultation with him in court, delaying further proceedings.

The trial, however, continues, with Sharif and co-defendants maintaining not guilty pleas to the charges of murder and causing or allowing the child’s death.

Cross-examination

During the hearing, Carberry asked: “Do you accept that you had been beating Sara severely over a number of weeks?” He replied: “Yes, ma’am.”

He went on to accept attacking Sara with a cricket bat repeatedly and causing 25 fractures to her body.

Carberry continued: “I want to ask you about the occasions when you assaulted her with a cricket bat. What had she done to deserve such beatings in your mind?”

Sharif replied: “Nothing.”

She asked: “Why were you beating her so forcefully?”

He replied: “I was wrong.”

She continued: “Were you angry with her because in the summer of last year, she had started soiling herself?”

He replied: “Yes ma’am.”

She added: “And she had started vomiting, hadn’t she?” to which Sharif replied: “Yes, ma’am.”

Carberry asked: “And when she was sick you would get angry? And when she soiled herself you would get angry?” He replied: “Yes ma’am.”

He accepted causing injuries to Sara’s face and head by beating her with the bat and metal pole on 6 Aug.

Carberry continued: “You have pleaded not guilty to the offence of murder. Would you like that charge to be put to you again?”

He replied: “Yes ma’am.”

Published in Dawn, November 14th, 2024

• 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

“Republicans in the House and Senate have a mandate,” Johnson said earlier this week. “The American people want us to implement and deliver that ‘America First’ agenda.”

Call of Duty: Black Ops 6 (PS5) has remained in first place on the French charts for week 43, 2024, according to SELL. 

The PlayStation 4 version of Call of Duty: Black Ops 6 remained in third place, while the Xbox version fell out of the top five.

Dragon Age: The Veilguard (PS5) debuted in fifth place.

Super Mario Party Jamboree (NS) remained in second place and EA Sports FC 25 (PS5) remained in fourth place.

Top sellers per system were as follows:

PS5

1. Call of Duty: Black Ops 6
2. EA Sports FC 25
3. Dragon Age: The Veilguard

Xbox Series X|S

1. Call of Duty: Black Ops 6
2. Dragon Age: The Veilguard
3. EA Sports FC 25

A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.

Full Article - https://www.vgchartz.com/article/463062/dragon-age-the-veilguard-debuts-in-5th-on-the-french-charts/

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