The Financial Daily : 2020-09-05

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Saturday- Sunday, September 5- 6, 2020 ISLAMABAD: Chairman CPEC Authority and Special Assistant to Prime Minister for Informatio­n & Broadcasti­ng Lt. Gen. ( Retd) Asim Saleem Bajwa calls on Prime Minister Imran Khan, here Friday. - PID photo Ex- MPA Achakzai acquitted in traffic cop's murder case Achieved 68.8pc conviction rate: Javed Razak for improving export of products Steps for ease of doing business under way, says President Dr Alvi I S L A M A B A D : Chairman National Accountabi­lity Bureau ( NAB), Justice ( Retd) Javed Iqbal has said that accountabi­lity watchdog has achieved an unpreceden­ted overall conviction ratio of 68.8 percent due to effective strategy devised by incumbent management to eradicate corruption. Iqbal, in a statement, said that concluding mega corruption and white collar crimes cases is the priority of the bureau. He said that NAB has so far deposited Rs466.069 billion in the national exchequer. QUETTA: Balochista­n's former la wmaker Majeed Khan Achakzai on Friday got a clean chit in a traffic policeman's death case. According to details, a model court in Quetta has acquitted former provincial assembly member ( MPA) Majeed Khan Achakzai in the traffic sergeant murder case due to lack of evidence. Model court judge Dost Muhammad Mandokhail announced the verdict. It is pertinent to mention here that Traffic Sergeant Haji Attaullah had been run over and killed in Quetta's GPO Chowk allegedly by a vehicle belonging to then MPA Majeed Khan Achakzai in 2017. The traffic police officer had been seriously wounded in the accident and was taken to Civil Hospital Quetta for treatment where he succumbed to his injuries. The incident had come to light when the footage of the legislator's vehicle ramming into the traffic officer began circulatin­g on social media. On 29th December, 2017, Balochista­n MPA Majeed Achakzai had been released from jail after an anti- terrorism court granted him bail in a case pertaining to the killing of a traffic sergeant in Quetta by his over- speeding vehicle. Judge Dawood Khan Nasar had approved t he bail for the Pakhtunkhw­a Milli Awami Party ( PkMAP) leader against a surety bond of Rs500,000. - TLTP ISLAMABAD: President Dr Arif Alvi has said that the incumbent government is taking adequate measures in connection with ease of doing business in the country. Addressing a ceremony of Islamabad Chamber of Commerce and Industry ( ICCI) Achievemen­t Awards here on Friday, the President said that despite the coronaviru­s pandemic and heavy odds, the government is striving to stabilize the national institutio­ns. The President said that developmen­t of institutio­ns leads to an improved economic situation of the country. He said due to lucrative packages of the government, our stock exchange See# 17 Page7 Seven more die of corona pandemic, 498 more infected Support to weak helps set up prosperous society: Masood See# 19 Page7 10gm gold loses Rs600, now slips to Rs102,200 MUZAFFARAB­AD: Azad Jammu and Kashmir ( AJK) President Sardar Masood Khan has said that extending support to the orphans and physically disabled people is a social and religious obligation. "The Holy Quran and Sunnah of the Holy Prophet Muhammad ( PBUH) teach us to treat people with any kind of disability with kindness and respect. It is, on one hand, our social responsibi­lity to take care of the vulnerable and on the other, it is our religious obligation to assist them in fulfilling their special needs," he further said while addressing a function organized by Kashmir Orphan Relief Trust ( KORT) here on Friday to distribute wheelchair­s among 110 disabled people. The President said that a society with plenty of hands to support the vulnerable and physically handicappe­d is bound to achieve heights of prosperity in this world, besides the highest reward in the life hereafter. Paying glowing tributes to the KORT chief for coming over here from the UK and contributi­ng to post- earthquake relief and rehabilita­tion work in 2005 and establish a charity, the AJK president said that now Chaudhry Mohammad Akhtar has turned the KORT into the country's biggest welfare and charity organizati­on. He said that KORT has constructe­d a huge complex for orphans in Mirpur where the best accommodat­ion, food and education are being provided to hundreds of parentless children in order to make them useful citizens. The AJK president said that the successive state government­s have always supported the organizati­on, and the cooperatio­n with it would continue in future also. Speaking on the occasion, the KORT chief reiterated to continue to extend social services till the last breath of his life and said that he is thankful to the KORT patron in chief Sardar Masood Khan and the cooperatio­n of Naureen Arif. He said that the incumbent federal government is establishi­ng 22 model villages throughout Pakistan for the rehabilita­tion of disabled and the vulnerable people, and three of them will be establishe­d in Azad Kashmir. The function was also addressed among others, by the AJK Minister for Social Welfare Naureen Arif and the KORT Chief Chaudhry Mohammad Akhtar, and Zulqarnain Naqvi. - TLTP ISLAMABAD: Coronaviru­s has claimed seven more lives in the country during the last twentyfour hours, lifting the death toll from the disease to 6,335, said National Command and Operation Centre ( NCOC) on Friday. Out of these deaths, six were reported from Sindh while one COVID- 19 patient died in Punjab. A total of 498 new cases of the novel coronaviru­s surfaced during the last 24 hours, taking the national tally of infections to 297,512. A total of 23,218 samples were tested over the past 24 hours, out of which 498 turned out to be positive. According to the NCOC, as many as 282,268 patients have recovered from the coronaviru­s in the country with active cases standing at 8,909. So far, Sindh has reported 130,041 confirmed cases of the virus, Punjab, 97,044, Khyber Pakhtunkhw­a, 36,414, Balochista­n, 13,045, Islamabad, 15,714, Azad Jammu and Kashmir, 2,306, and Gilgit Baltistan has r eported 2,948 cases. According to the NCOC, there is no patient on ventilator ISLAMABAD: Gold price in the country decreased on Friday as 10 grams yellow metal was available at Rs102,200 after losing Rs600. The price of 10 grams gold was recorded at Rs102,800 on Thursday last. Meanwhile, gold price i n the internati onal spot market decreased and it was available at $ 1,923.50 an ounce at 1535 hours GMT afte r losing $ 8.70 an ounce in its value as compared to its value on Thursday last. - TLTP See# 18 Page7 Sessions court asks Safdar & others to go to ATC for bail IHC dismisses plea for reopening schools Over 97pc affected cell phone sites fixed LAHORE: Rejecting the bail pleas of Captain ( Retd) Muhammad Safdar and over a dozen workers of the Pakistan Muslim League- Nawaz ( PML- N) in the NAB office attack case on Friday, a sessions court asked them to approach the anti- terrorism court for the purpose. Additional Sessions Judge Shakeel Ahmed dismissed the bail applicatio­ns after police informed him that t errorism charges have been added to the case, due to which the applicants should approach an anti- terrorism court to seek bail. Rejecting the bail pleas, the judge ruled that the sessions court can no longer hear the case after inclusion of Section 7 of the AntiTerror­ism Act in the case and asked the applicants to approach the relevant court for the purpose. Lahore police incorporat­ed terrorism charges in the FIR register ed against PML- N VicePresid­ent Maryam Nawaz, party leaders, and supporters over a violent clash with law enforcers outside NAB Lahore office. Over 50 party supporters arrested following the clash were granted bail by an ordinary court. However, Maryam and other party leaders, including Rana Sanaullah, have not yet obtained bail. On August 11, violence erupted outside the National Accountabi­lity Bureau ( NAB) office as PML- N workers and police contingent­s clashed with each other shortly after the arrival of Maryam Nawaz there in a land acquisitio­n case. - TLTP ISLAMABAD: The Islamabad High Court ( IHC) on Friday rejected a writ petition seeking directives for the government to reopen educationa­l institutio­ns, which have been closed since March to stop the spread of coronaviru­s. Chief Justice of IHC, Athar Minallah dismissed the petition after hearing arguments of the petitioner's lawyer, ruling that this is a policy matter and that the court cannot meddle in executive affairs. The counsel submitted before the court that his clie nt had approached this court seeking reopening of education institutes, but it directed him to approach relevant forums t o have his grievance redressed. He added the petitioner submitted applicatio­ns to relevant department­s in compliance with its order but to no avail. He complained to the court that the government is not serious about resuming academic activities i n the country and requested t he court t o issue directives for reopening educationa­l institutio­ns. At this, Chief Justice Minallah observed that this court cannot issue any order on the basis of assumption­s. This is improbable that the public interest matter of such immense significan­ce would not be under the executive's considerat­ion, he remarked. Earlier on Friday, Federal Education Minister Shafqat Mahmood tweeted that some fake social media accounts in his name are peddling false news claiming that schools will remain shut until Oct. "Not true. Education ministers meet on 7th to finally decide [ on reopening of educationa­l institutio­ns] with likelihood of opening on Sept 15 in a phased manner," he said. - TLTP I S L A M A B A D : P a k i s t a n Te l e c o m mu n i c a t i o n Authority ( PTA) has said that over 97 percent affected cell phone sites have been restored in Karachi due to its monitoring and continuous efforts of Cellular Mobile Operators ( CMOs). In a statement issued here on Friday, the PTA said that 97.5 percent affected See# 20 Page7 Cement dispatches show 5.04pc increase last month Munawar Naqvi ISLAMABAD: from 0.685 million tons in same month last year. The North based mills dispatched 2.493 million tons of cement in the domestic market as compared to 2.347 million tons in August 2019, registerin­g an increase of 6.26 percent. Exports from North were 0.211 million tons, 8.45 percent higher than the exports of 0.195 million tons exports made during the same month last year. The South based mills continued declining trends in the domestic market dispatched only 0.301 million tons cement in August 2020, 5.6 percent less compared to 0.319 million tons in August 2019. Exports from South increased to 0.515 million tons in August 2020 from 0.491 million tons in last year August, depicting an increase of 4.78 percent only. Overall dispatches during the first two months of this fiscal have increased by 21.78 percent from 6.863 million tons in August 2019 to 8.358 million tons in August 2020. Domestic dispatches stood at 6.747 million tons in Jul- Aug 2020, an increase of 19.53 percent from 5.644 million tons during the same period last year. Exports during the period under review registered an increase of 32.20 percent, increasing to 1.611 million tons from 1.218 million tons in July- Aug 2019. The spokesman of APCMA expressed concern that the jump in cement sales in July looks like a one- off phenomenon. "The industry was expecting that the momentum witnessed in July would continue but an appreciabl­e decline in domestic uptake and exports was disappoint­ing," he added. The decline was mainly due to heavy rains, Eidul Azha and Ashura holidays. He said that the industry is unable to understand that the impact of the constructi­on package has not been felt in the South. Moreover, he added that the nor- mal growth of 6.26 percent in domestic sales in the North suggests that the impact of the constructi­on package was not visible here in August. He appealed the government to minimize duties and taxes on cement sector in order to increase cement consumptio­n. He also wondered why the cement sector and captive power were excluded from subsidized power and gas that is available to five exporting sectors. He said that cement is an energy intensive sector and availabili­ty of energy and power at concession­al rates would boost the cement exports appreciabl­y. The All Pakistan Cement Manufactur­ers Associatio­n has announced that the cement dispatches in August 2020 have increased by 5.04 percent from 3.351 million tons in August 2019 to 3.520 million tons. However, it was much less than the dispatches of 4.838 million tons in July 2020. According to the data released by APCMA here Friday, the local uptake of cement in August 2020 increased by 4.84 percent to 2.794 million tons from 2.665 million tons in August 2019 while exports registered increase of 5.82 percent, increasing to 0.725 million tons Published by Shakil Haider Jafri & Printed by Mukhtar Aqil at KK Printers for Data Research Communicat­ion, 111- C, Jami Commercial Phase VII, DHA Karachi. PRINTED AND DISTRIBUTE­D BY PRESSREADE­R PressReade­r. com + 1 604 278 4604 O R I G I N A L C O P Y . O R I G I N A L C O P Y . O R I G I N A L C O P Y . O R I G I N A L C O P Y . O R I G I N A L C O P Y . O R I G I N A L C O P Y COPYRIGHT AND PROTECTED BY APPLICABLE LAW

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