Senior Journalist Arshad Sharif passed away in an accident in Kenya

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 Senior Journalist Arshad Sharif passed away in an accident in Kenya

The Senior journalist Arshad Sharif passed away in Nairobi accident.

Senior Journalist and anchorperson Arshad Sharif passed away in any sort of accident in Kenya’s money of Nairobi.

According to family sources and colleagues have actually confirmed that Sharif died during an accident in Nairobi, though no details that are further available about the incident yet.

Regional police have initiated a probe and are investigating the situation, the sources stated.

Sharif was once connected with ARY News and had opted to Dubai after resigning through the channel. Several times right back after arriving from Dubai before going to Kenya, he was spotted in London.

After the news of Sharif’s death, condolences started pouring in from across the united states.

PML-N leader Hina Pervaiz Butt stretched heartfelt condolences regarding the demise of the journalist, while PTI leader Ali Zaidi also expressed his grief regarding the death of Sharif.

Salman Iqbal, the owner of the ARY Group, also granted his condolences.

 

 

Imran Khan Meets Religious Scholars Before Long March

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Imran meets religious scholars before long march

30+ Punjab religious scholars meet Ex PM Imran Khan & discuss issues.

The delegation, Imran meets religious scholars and under the leadership of Chairman of Sunni Ittehad Council Pakistan Sahibzada Hamid Raza, came across at his residence in Islamabad’s Bani Gala. Former minister that is foreign Mahmood Qureshi, Senator Shibli Faraz as well as others had been additionally current at the meeting

The ulema paid tribute to Imran khan for his services to Islam.

Hamid Raza also had a gathering that is one-on-one Imran when the strategy about the long march to Islamabad therefore the current political situation was discussed.

Imran appreciated Hamid Raza’s efforts regarding harmony that is inter-faith.

On Saturday, the former prime minister announced that he had not been expecting any “meaningful result from backchannel talks” that he would reveal the date for the party’s much-anticipated long march on coming Friday, saying.

The former prime miniater who has constantly been building momentum for the long march but has held people guessing about its contours, heightened the suspense as he revealed that the ultimate date for the long march will be announced on October 28, warning that the ‘organised protest’ could result into chaos if the federal government attempted to stop it.

The imran spoke at a news conference in Islamabad while being supported by party leader Azam Swati. “Political party always hold backdoor talks but I do not think the ongoing talks will have outcome that is important,” he said.

He stated that the importance associated with the negotiations was just to the extent of early elections but, it seemed, the incumbent rulers were maybe not going to call polls that are snap.

Govt Increased Taxes On Imported Vehicles Up to 500%.

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Govt Increased Taxes on Imported Vehicles up to 500%.

Govt raises imported vehicle taxes up to 500%, causing hike prices.

Due to Govt increased taxes implementation of customs charges, additional customs duties, sales taxes, additional sales tax, federal excise duty, and income tax at rates that are significantly higher than those imposed on the import of parts for locally manufactured vehicles, according to the PAC, provides protection.

Special Secretary of Commerce Mujtaba Memon claimed that local manufacturers receive 241% to 500% protection.

“The protection level was in the region of 100% to 390% before the current application of additional tariffs,” he stated.
The PAC, led by Noor Alam Khan, came to the conclusion that regional automakers broke their promises, overcharged customers by making them pay a price that was not agreed upon at the time of booking, and delayed delivery for more than a year.

The PAC gave the Ministry of Industries and the Ministry of Commerce the go-ahead to study the protection and create a strategy that addresses the current problems within a month.

Tariff Policy

“Any modification in the tariff policy at this stage may enrage the major manufacturers,” said Imdadullah Bosal, secretary of industries. “However, government to establish a policy within a month to halt the exploitation of consumers.”

When full payment made, the PAC asked the companies to deliver the vehicles within a month. Additionally, it suggested cutting the whole delivery time down to one month, with the corporation paying late delivery fees if the vehicle was not given.

Company cannot accept more than 20% in advance, and the delivery must made within two months, according to Bosal. The corporation must pay a fee equal to the Karachi Interbank Offered Rate (Kibor) + 3% if the delay lasts longer than two months. Between November 2021 and April 2022, the corporations paid fines on this account totaling Rs. 1.9 billion.

PAC recommended that the government decrease taxes on imported vehicles with 800cc to 1,300cc engines in order to promote competition if the companies do not shorten the delivery time.

Senator Mohsin Aziz of the Pakistan Tehreek-i-Insaf (PTI)stated that the amount of imports allowed should be less than the capacity of regional automakers to produce vehicles.

“Against the overall manufacturing capability of 506,000 units a year, these enterprises cumulatively assembled 330,000 units in the previous fiscal year,” the secretary of industry responded.

According to Bosal

Industries Ministry is working on a plan to restrict businesses from ordering vehicles with delivery times longer than two to three months. Instead, wholesale dealers should used to purchase the vehicles, not automakers.

PAC to suggest opening imports if the corporations don’t start acting properly,”.
Lawmakers also questioned automakers and govt ministries over their collection of Bn of Rs advances for unfulfilled orders.

According to the Secretary of Industries

Indus Motors had received Rs. 112 bn in advances at the end of the previous fiscal year, Honda Atlas had received Rs. 23 bn, and Pak Suzuki Motors received Rs. 41.7 bn.

 

 

FATF taken out Pakistan From grey list

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FATF taken out Pakistan From grey list

FATF remove Pakistan from grey list after lifting increase monitoring.

Handling the press seminar by the final end of its plenary, FATF President Raja Kumar noted that Pakistan was indeed within the list that is grey 2018, pakistan FATF list that is grey.

“It has two action that is concurrent. After a total lot that is entire of by Pakistani authorities, they have mostly addressed all the action plan items,” he said.

He stated that the responsibility force had conducted an visit that is onsite the finish of august. The group that is on-site that there was a high-level of dedication from the leadership that is sustainability that is pakistani of and commitment to create improvements afterwards, he said.

The potency of this framework for fighting terrorism financing. “As an outcome among these action plans, Pakistan has made improvements that are significant bolster”

Kumar said actions had additionally been taken up to strengthen supervision that is risk-based of and institutions that are non-financial enhance asset confiscation results, and investigate and prosecute cash laundering.

“As a results of this, Pakistan is removed through the increased monitoring list,” he stated.

The FATF stated that it welcomed progress that is pakistan’s is“significant in improving its anti-money laundering and combating financing terror (AML/CFT) regime in its handout.

“Pakistan is, consequently, no more topic towards the FATF’s increased monitoring procedure,” the handout said, including that the united states would continue steadily to utilize Asia-Pacific Group to boost its AML/CFT system that is further.

ECP Disqualifies Former PM Imran Khan

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ECP Disqualifies Former PM Imran Khan

ECP unanimously disqualifie former PM Imran Khan for corrupt practice.

Pakistan Tehreek-e-Insaf (PTI) party immediately rejected Friday’s ruling after ECP Disqualifies. It had been said by it would file an appeal to your Islamabad High Court and called on supporters to take to the streets .

The instance against Khan had been filed in August by a part of the Pakistan Muslim League Nawaz (PMLN), contending that the former minister that is prime bought gifts provided by foreign dignitaries from the state gift depository also called Toshakhana but did not disclose the assets within the declarations presented to the payment.

Talking to reporters after the verdict, PTI leader Fawad Chaudhry called the commission’s decision “embarrassing” and a “slap in the genuine face” of Pakistan’s people.

“This verdict isn’t an attack on Imran Khan only. It really is an attack on Pakistan’s constitution and its particular people,” he said.

Khan, who was eliminated from their office in April through a vote that is parliamentary of confidence, has accused the commission of bias, and has singled down its chief, Sikandar Sultan Raja, of prejudice against him and his celebration.

Toshakhana Controversy

The Toshakhana controversy erupted year that is last it was disclosed that Imran Khan and their wife Bushra Bibi bought gifts from the Toshakhana and later sold them into the market at discounted prices.

The PTI, which ended up being the party that is governing the full time, had initially expressed reluctance to expose the facts of the gifts provided to Imran Khan, claiming it could potentially jeopardise Pakistan’s foreign relations.

The gift depository is a government department produced in the 1970s, which stores presents directed at rulers, lawmakers, government officials and functionaries by heads of states along with other dignitaries that are foreign.

Toshakhana rules declare that all gifts must be submitted to the department. However, they can later be bought. While selling the gifts just isn’t strictly illegal, many consider it unethical and morally wrong.

The scenario filed against Imran Khan said the previous minister that is prime received a total of 58 boxes containing different items during his amount of time in office.

PMLN petitioner Mohsin Nawaz Ranjha said the former prime minister was legally needed to declare all assets belonging to him, their wife and dependents to your commission at the end of each and every 12 months that is financial.

The guide argued that failing to take action rendered Imran Khan” that is“dishonest and hence disqualified him from participating in parliamentary politics for life under the Pakistani constitution.

Imran Khan had been additionally accused of “deliberately” hiding the gifts he bought from Toshakhana, but later confessed to having sold these gift suggestions, without disclosing the details to the commission.

Decision of Pakistan’s exit from FATF grey list to be made on Friday

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Decision of Pakistan's exit from FATF grey list to be made on Friday

Financial Action Task Force to decide Pakistan greylist fate in Paris.

Hina Rabbani Khar, Pakistan’s Minister of State for Foreign Affairs, is in charge of the delegation. Four days ago, Pakistan’s Finance Minister Ishaq Dar expressed confidence that his country would be removed from the FATF grey list while on a visit to the USA.

He had added that Pakistan had put a lot of effort into the project. The administration believes the nation will emerge from the summit, which is anticipated to take place in a few days, he hoped.

The FATF meeting is being presided over by Raja Kumar, the taskforce’s new president, for the first time.

It is important to note that Pakistan has adhered to both of FATF’s action plans in full. 34 of the action plans’ 34 points have been carried out by Islamabad.

According to officials, Pakistan had met all requirements to end money laundering and financial assistance for terrorist organisations.

Plenary Meeting in March 2022

At its most recent plenary meeting in March 2022, FATF decided to keep Pakistan’s name on its “grey list” and ordered it to take additional steps to investigate and bring charges against senior commanders and leaders of the UN designated terrorist organisations for financing terrorism.

The FATF sent a high-level delegation to Pakistan from August 29 to September 2 to meet with the necessary officials and assess the country’s progress in meeting the requirements for removing itself off the grey list. The group looked at how well government projects were implement and sustain.

Netflix begins charging users for sharing account

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Netflix Begins Charging users for Sharing Account

Netflix began charging accounts for password sharing in early 2023.

Netflix begins charging according to Daily Record UK detailed that the streaming platform, in a letter to shareholders, announced that every one households who share their Netflix login info with others will start to incur fees from 2023. It explained that it wants to “monetise” paid-for account sharing globally.

“We’ve landed on a considerate strategy to monetizing account sharing and we’ll begin rolling this out extra broadly starting in early 2023,” Netflix said.

While Netflix has not disclosed the cost of these new fees, reports indicate that this plan, which is already being test in a couple of Latin American countries, levies a fee for every additional member equal to about one-quarter the cost of a “standard” Netflix plan.

The development comes months after Netflix skilled its largest-ever subscriber loss earlier this year. Netflix had previously been relatively lax about password sharing and commenced experimenting with ways to make shared accounts pay.

Along with the password-sharing fees, Netflix plans to launch less expensive subscription plans backed by advertising the next month.

Nearly all of Hollywood’s big news corporations spent billions of dollars in their own streaming businesses as an effect of Netflix’s domination in the video that is streaming and years of unabated membership growth.

These streaming wars gave rise to a flurry of the latest solutions, including Apple TV Plus, Disney Plus, HBO Max, Peacock, and Paramount Plus.

Hosts Australia ready to click in T20 World Cup defence

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Hosts Australia ready to click in T20 World Cup defenceAustralia faces patchy T20 World Cup build up but remains formidable.

T20 World Cup defence, An underdone Australia gelled fantastically during final year’s triumph in the United Arab Emirates and 14 of that 15-man squad will bid for back-to-back titles on home pitches over the next few weeks.

Since blanking twice champions West Indies at the start of the month, Australia have lost two warm-up matches to England and one other against India in Brisbane on Monday as selectors tinker and gamers are rested.

Finch made a welcome return to form with a half-century against India, although, and Australia had one other burden lifted on Tuesday when Pat Cummins was confirmed as captain of the one-day side, an issue that threatened to become a distraction via the tournament.

Despite mild concerns over the fitness of Mitchell Marsh and the type of fellow all-rounder Glenn Maxwell, Australia bring a balanced lineup with no discernible weak links.

Tim David

Tim David, the sole new face in the squad, adds a different dimension to a powerful batting lineup and tactical flexibility as a hard-hitting finisher in the lower middle order.

Apart from David, who has successfully relegated Steve Smith to the bench, selectors will likely go for continuity as Australia bid to become the first nation to win back-to-back.

Selectors’ faith in the fast bowling trio of Cummins, Mitchell Starc and Josh Hazlewood was rewarded at the UAE, and they are going to be reluctant to break them up in Australia.

Spinner Adam Zampa, joint second-highest wicket-taker in last year’s showpiece with 13 victims, might be backed to ship again as the best foil to the pace trio.

Finch and fellow opener David Warner will set a well-known platform through the powerplay, with Marsh, the hero of last year’s final win over New Zealand, to continue at number three.

Australia have ample depth should injuries strike.

Kane Richardson is a more-than-handy back-up seamer in the squad, while Cameron Green is a keen all-rounder outside of it.

Australia will look to make a statement against New Zealand of their Super 12 opener at the Sydney Cricket Ground on Saturday, a repeat of last year’s decider.

A thumping win against the Black Caps, a team they have dominated on home soil for over a decade, would build confidence for what may very well be a pivotal clash against England in Melbourne the following week.

Dollar Keeps Wins Against Rupees

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Dollar keeps wins against PKR

US dollar strengthens against Pakistani rupee despite recent increase.

Details indicate that the value of the local currency decreased by 79 paisas in relation to the US dollar, which was trading at roughly Rs220.5. The Pakistani rupee ended Tuesday at Rs219.71, according to data from the central bank.

Also Read: https://rockedge.pk/pakistani-rupee-crossed-rs-240-mark-against-us-dollar-in-open-market/

Nevertheless, the rupee has collectively appreciated by Rs19.44 from its record low of Rs239.94 versus the dollar despite the devaluation.

Pakistan Looks for Billions of Dollars in New Loans after Floods

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Pakistan seeks billions in loans after floods worsen financial crisis.

“We are not asking for any kind of measure such as a rescheduling or a moratorium,” Prime Minister Shehbaz Sharif informed the Financial Occasions. “We are asking for Billions of Dollars funds.”

The nation needs “big sums of cash” for “mega undertakings” such as rebuilding roads, bridges and different infrastructure damaged or washed away, the FT quoted Shehbaz as saying.

The prime minister didn’t specify the quantity Pakistan is in search of, however repeated an estimate of $30 billion of flood losses, the report said.

Earlier this month, the United Nations raised its humanitarian help attraction for Pakistan five-fold to $816 million from $160m, as a surge in water-borne diseases and fear of rising hunger pose new dangers after the unprecedented floods.

The European Union additionally scaled up its flood assistance to 30m euros.

A decline in the Pakistani rupee can also be pushing up the price of imports, borrowing and debt servicing, and will additional exacerbate inflation already working at multi-decade highs.

The estimated $30bn in damage to the economy from the floods together with rising issues about Islamabad’s skill to lift cash to meet exterior financing requirements has worsened the situation.

Additionally, the European Union increased its flood aid to 30 million euros ($29.57 million).

The cost of imports, borrowing, and debt servicing are all rising due to Pakistan’s currency fall, which will also make inflation, which is already at a multi-decade high of 27.3%, worse.