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Pakistan

Shehbaz Sharif terms dollar upsurge against rupee a sign of 'economic disaster'

He further highlights public debt, inflation, current account deficit, and rupee-dollar parity have all surpassed previous negative records. 

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Shehbaz Sharif terms dollar upsurge against rupee a sign of 'economic disaster'
GNN Media: Representational Photo

Pakistan Muslim League-Nawaz president Mian Shehbaz Sharif on Saturday termed the alarming upsurge of the value of the US dollar against the rupee a sign of "economic devastation".

"Significant fluctuations in the rupee-dollar parity are owing to the lack of a sound economic policy in the country," he said in a statement.

The Leader of Opposition in the National Assembly said when the finance ministry refutes the statement of its adviser and "false data" is released, then the "economy collapses like this".

While a record-high trade deficit is a "dangerous sign of economic catastrophe in the country", a historic high current account deficit is "evidence of economic misdirection", he said.

Shahbaz further highlighted that public debt, inflation, current account deficit, rupee-dollar parity have all surpassed previous negative records. 

"If a people-chosen government was in power, this would not have been the case," he said.

Warning that the country has been pushed into an "economic abyss", he said that "if nothing is done soon, recovery will become another impossible thing".

The PML-N president said "doomsday-like" inflation would grip the country from December 1, as the dollar hike was "adding fuel to the fire of inflation".

"Economic devastation" is like a "poison" for a nuclear powered Pakistan, the PML-N president said, pleading the government to "open its eyes".

He said that the economic catastrophe currently prevailing in the country will create such a situation where everybody will forget about other issues, including the Financial Action Task Force (FATF).

Shehbaz said Pakistan's patriotic elements must think about the economic devastation the country is hurtling towards, adding time was passing us by very quickly.

 

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

No substitute for selfless leadership of Imran Khan: Usman Buzdar

Pakistan has got truthful and honest leader

Published by Siddra Sumreen

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No substitute for selfless leadership of Imran Khan: Usman Buzdar

Lahore: Punjab Chief Minister Usman Buzdar on Monday has said that lamp of negative politics of opposition has gone out, there is no substitute for the selfless leadership of Imran Khan.

In a statement, Usman Buzdar has said that opposition leaders have become restless due to from power. “In Shaa Allah this restlessness will continue even after 2023. They do criticism just for the sake of criticism for improving their political impression,” he added.

He said that the people who polluted politics with corruption their place is jail. The chief minister said that there is not any substitute of selfless leadership of Prime Minister Imran Khan. Pakistan has got truthful and honest leader. We performed those tasks in 42 months which previous governments could not perform in years.

"Pakistan Tehreek-e-Insaf (PTI) has done great work in three and a half years which the previous governments could not do in decades", Usman Buzdar concluded.

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Technology

Twitter expands feature that allows users to flag misleading content

The feature was first tested in the United States, Australia and South Korea

Published by Faisal Ali Ghumman

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Twitter expands feature that allows users to flag misleading  content

Twitter said on Monday it will expand its test feature which allows users to flag misleading content on its social media platform to Brazil, Spain and the Philippines.

The company had introduced the pilot test of the feature in August last year, as a part of its effort to reduce misinformation on its platform.

It was first tested in the United States, Australia and South Korea.

Since it was first announced, Twitter said it has received around 3 million reports from users who have used it to flag tweets which they believe are in violation of its policies.

The social media giant last year launched another program called Birdwatch, which lets participants write notes and provide additional context to misleading tweets, though those notes are held on a separate website.

SOURCE: REUTERS

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Pakistan

PM’s article on State of Madina, the fundamental for Muslims to follow: Farrukh Habib

'These rules were setup for all times, for the betterment of an individual, a society and a nation'

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PM’s article on State of Madina, the fundamental for Muslims to follow: Farrukh Habib

Islamabad: Minister of State for Information and Broadcasting, Farrukh Habib Monday said that the article by Prime Minister Imran Khan on the establishment of State of Madina was the fundamental for every Muslim to follow.

In a tweet, he said these rules were setup for all times, for the betterment of an individual, a society and a nation.

Earlier today, Prime Minister Imran Khan stressed upon continuous struggle to embody as a nation and state the principles of Riyasat-i-Madina as laid down by the Holy Prophet (Peace Be Upon Him).

On his official twitter handle, the Premier posted his article published in English daily, the Express Tribune, titled “Spirit of Riyasat-i-Madina: transforming Pakistan”.

“Explaining guiding principles of Riyasat-i-Madina as laid down by our Prophet PBUH creating the foundation of the greatest civilisation of all times. In Pak, to realize our potential today we have to struggle to embody these principles as a nation & state,” the caption read.

According to Imran Khan’s views expressed in his piece of writing the core of every civilization was its spiritual principles; when they died, the civilization died.

“In Islamic civilization, the manifestation of our spiritual principles happened in the Prophet’s (SAW) Madina. Besides many other important principles, there were five very important guiding principles upon which the state of Madina was built. These principles are unity, justice and rule of law leading to meritocracy, strong moral and ethical foundation, inclusion of all humans in progress and prosperity, and finally, the quest for knowledge,” he added.

The prime minister said to help revive the spirit of the covenant of Madina, National Rahmatul Lil ‘Alamin Authority (NRA) has been formed.

Highlighting the ethical and moral transformation of the people as per principles of Riyasat-i-Madina, the Prime Minister said NRA will endeavor to engage in doing good and forbidding evil by teaching seerat-al-nabi (PBUH) to our youth in schools and universities in the hope to raise the level the ethics and morals in our society.

Regarding Islam's principle of quest for knowledge, THE Prime Minister said that all sources that impact human behavior should disseminate knowledge which produces self-control, self-discipline, patience, forbearance, tolerance and a spirit of service and volunteerism.

Talking about the steps taken for the welfare of the people, Khan stated that his government allocated billions of rupees under Ehsaas Program to provide relief to the common masses. 

Imran Khan reiterated to establish the rule of law, which is the most urgent of all challenges facing Pakistan. 

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