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Accountability court convicts Punjab revenue dept official in corruption reference

Lahore: The Lahore's Accountability Court Thursday convicted a Revenue department official for three years imprisonment along with court fine worth Rs36 million in a corruption reference filed by the National Accountability Bureau Lahore.

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Accountability court convicts Punjab revenue dept official in corruption reference
GNN Media: Representational Photo

According to a spokesman, the NAB Lahore initiated an inquiry against accused Patwari Muhammad Naveed in March 2016 following some secret complaints lodged against him regarding pilling up of assets allegedly disproportionate to his known sources of income.

Moreover, the inquiry proceeding got upgraded into the investigation level in December 2016 after discovering multiple unexplained bank transactions of millions landed into accused personal bank accounts. 

Investigation proceedings revealed that Naveed got appointed as Patwari (BPS-5) in 1990 and consequently got dismissed from service as Patwari (BPS-9) in 2016 under the PEEDA Act 2006.

The NAB arrested the said accused during the course of ongoing investigation in March 2017 and was sent to judicial custody. A corruption reference was also filed by the NAB Lahore in the accountability court during 2017.

The spokesman said the NAB has an overall conviction ratio of 66.8 per cent.

Faisal Ali Ghumman

Mr. Ghumman is a seasoned journalist who has 19 years of diversified experience in print, electronic and digital media. He has worked with 92 News HD, Daily Pakistan Today, Daily The Business, Daily Dawn, Daily Times and Pakistan Observer as News Reporter, Feature Writer, Editor, Web Content Editor and Article Writer. Mr Ghumman has graduated from the Bahauddin Zakariya University Multan and is currently enrolled in M.Phil in Mass Communication at the University of Punjab.

Pakistan

Pakistan offers to host OIC FMs on Afghanistan situation

In a video message, the Foreign Minister Shah Mahmood Qureshi said Pakistan fully endorses this initiative of Saudi Arabia, the current OIC summit chair.

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Pakistan offers to host OIC FMs on Afghanistan situation

Islamabad: Pakistan has offered to host the extraordinary session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC) to discuss the latest situation in Afghanistan.

In a video message, the Foreign Minister Shah Mahmood Qureshi said Pakistan fully endorses this initiative of Saudi Arabia, the current OIC summit chair.

He said Pakistan also offers to host this meeting in Islamabad on the 17th of next month.

Shah Mahmood Qureshi said we are confident that the OIC member states will endorse this offer.

He said Afghanistan is currently facing a serious humanitarian situation as millions of Afghans including women and children are confronted with an uncertain future due to a shortage of food, medicine and other essential living supplies.

The Foreign Minister said the advent of winter has exacerbated the humanitarian crisis.

He urged the OIC to step up to alleviate the humanitarian needs of the Afghan people, provide immediate and sustained support to them, and continue to remain engaged with them for the wellbeing and prosperity of Afghanistan.

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Technology

Bitcoin, other cryptos surge after sharp sell-off

The price of bitcoin climbed back above $58,000, rising 8.6% in 24 hours to $58,607.75, according to Coin Metrics data.

Published by Faisal Ali Ghumman

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Bitcoin, other cryptos surge after sharp sell-off

Bitcoin and other cryptocurrencies surged Monday after a sharp sell-off at the end of last week.

The price of bitcoin climbed back above $58,000, rising 8.6% in 24 hours to $58,607.75, according to Coin Metrics data.

Other digital assets also rose, with ether jumping more than 9% to $$4,440.99 and XRP up 9% at around 99 cents.

Vijay Ayyar, head of Asia Pacific at cryptocurrency exchange Luno, said early reports that the new, heavily-mutated omicron Covid variant came with milder symptoms was giving the market a boost.

“We’re seeing news of the variant being potentially weaker in terms of symptoms in early analysis, which has bolstered the market comeback,” Ayyar said via email. “Hence, smart investors have probably bought this dip.”

Bitcoin last week sank as low as $53,549, its lowest level since early October, amid a broader sell-off in stocks and other riskier assets on the back of fears over the new coronavirus variant.

The world’s largest digital currency was briefly down more than 20% from its recent all-time high of nearly $69,000, officially entering bear market territory. Bear markets are typically defined by a decline of 20% of more from recent highs.

The new Covid variant, first identified in South Africa, has spread to multiple countries including the U.K., Germany and Italy.

The US, UK and other nations have restricted travel with some African countries in response. Britain has also introduced new measures to tackle the new virus mutation, including mandatory mask wearing in shops and public transport in England.

On Sunday, Dr. Angelique Coetzee, the South African doctor who first spotted the omicron variant, described its symptoms as “extremely mild,” soothing fears of a potential return of lockdown restrictions during the holidays.

“The global environment did add to the uncertainty across all risk asset classes as we saw last week, but the bounce back always shows us how strong the uptrend is, which is what we’re seeing here,” Ayyar said.

If bitcoin loses $48,000 to $50,000 on a daily or weekly basis, “that would definitely imply bearishness,” he added. But for now, Ayyar says “we’re still in bull market territory.”

SOURCE: CNBC

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Sports

Messi wins Ballon d'Or for seventh time

Argentine football great Lionel Messi defeated Robert Lewandowski of Polish (Bayern Munich Club) and Georginho (Chelsea) of Italy for this annual award for the best player in the world of football. 

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Messi wins Ballon d'Or for seventh time

Paris: Argentina and Paris Saint-Germain forward Lionel Messi has created history as he won the Ballon d'Or award for a record-extending seventh time late on Monday night.    

Argentine football great Lionel Messi defeated Robert Lewandowski of Polish (Bayern Munich Club) and Georginho (Chelsea) of Italy for this annual award for the best player in the world of football. 

By winning the award, Messi has gone several miles ahead of Portugal’s star striker Cristiano Ronaldo in terms of winning the most Ballons d’Or. 

The 34-year-old Messi now has 7 awards to his name, while 36-year-old Ronaldo has won this honor 5 times. 

Besides this, the star footballer claimed a maiden Copa America title with his country this year and was top scorer in La Liga for the 2020-21 season with 30 goals.

Messi ​​won the Best Player of the Year award for the first time in 2009. He won this title in 2009, 2010, 2011, 2012, 2015, 2019 and now in 2021. 

Messi joined PSG on a free transfer from Barcelona during the off-season and collected 613 points to finish ahead of Lewandowski (580) and Chelsea's Italy midfielder Jorginho (460) at a star-studded ceremony in Paris. 

For the unversed, Messi and Ronaldo have won this award a total of 12 times since 2008. Thus, both players are dominating the world of football.

Awarded by France Football magazine, the Ballon d'Or has been awarded since 1956.

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