KARACHI: One of many main causes for the flood state of affairs that occurred within the nation after the record-breaking rainfall was that the previous and the current authorities didn’t critically work on the infrastructures and necessities of the lots however used their recourses to entertain their favorite-ones, claimed the seasoned economist and former provincial Advisor Dr Kaiser Bengali right here Monday whereas addressing a seminar on “local weather change results on water shortage and meals insecurity in Sindh and Balochistan: a manner ahead”, which was organized by the division of economics College of Karachi on the Arts Auditorium.
The water pipeline mission which was supposed to supply water provide for the metropolitan was intentionally shifted to Bahira City Karachi (BTK) and now, the Malir Expressway is being constructed to ease the way in which to BTK, he added.
If developments are being carried out on motives to facilitate the favorites than this nation won’t ever progress in the precise path. The governments are busy making all the pieces potential for his or her blue-eyed individuals or organizations and then again individuals are affected by pure disasters.
The KU Vice Chancellor Professor Dr Khalid Mahmood Iraqi, KU Registrar and Professor of Economics Dr Abdul Waheed, Dean of College of Arts and Social Sciences Professor Dr Nusrat Idris, Chairperson of Division of Economics Dr Noreen Mujahid, Dean of Architect and Planning NED College Professor Dr Noman Ahmed, DG Pakistan Agriculture Analysis Council South Area Dr Zakir Hussain Dehri, Chairperson of Hisaar Basis and member of Pakistan Poverty Alleviation Fund Simi Kamal, Founder and CEO Clifton City Forest Masood Lohar, Senior Vice President Korangi Commerce Affiliation Maheen Salman, Chair and Co-founder of IWA-YWP Anique Azam and others had been current on this event.
He claimed that it was our tragedy that representatives of overseas establishments had been imported from different international locations to run the nation. He mentioned that after 2000, we witnessed individuals coming from IMF, WB, and ADB to run the affairs of the nation and after 1993, three governors of the State Financial institution got here for 16 years, all of them had been representatives of overseas establishments, however we didn’t increase any voice towards it, the implications of which we’re struggling until at the moment.
He additional mentioned that the state of our financial insurance policies is that we’ve got diminished import duties and elevated home taxes, the import responsibility on uncooked supplies needs to be low and the completed product needs to be excessive in order that the uncooked supplies might be manufactured within the factories and employment alternatives will likely be out there.
However this isn’t the case, we’ve got no responsibility on books right here due to the UNESCO protocol however there’s a very excessive responsibility on the import of paper.
Kaiser Bengali shared that industries in Pakistan are being intentionally ignored and if you don’t have industries you’ll not have employment alternatives. One of many greatest issues is that we don’t increase our voices for our rights, we don’t protest, and we’ve got to boost our voices for our rights.
In the meantime, the KU VC Professor Dr Khalid Mahmood Iraqi mentioned that greater than 33 million individuals have been affected by the current devastating floods and round eight million individuals have been displaced.
He shared that round 67 % of the realm of Sindh and Balochistan has been affected and about eight million hectares of the cropped space have been fully wiped off together with street and railway networks. The general losses are greater than US$3 billion.
The Vice Chancellor KU Professor Dr Khalid Iraqi talked about that newly developed local weather stress has created monetary implications, new dangers, and uncertainties for firms, governments, monetary establishments, and people. The query arises as to what steps might be taken to finest handle the outcomes of the calamities on an instantaneous foundation.
He expressed that there’s a direct hyperlink between the consumption of fossil fuels within the developed world and local weather hazards in underdeveloped international locations. The underdeveloped international locations are paying the value for the developed world’s financial wellbeing, which is unlucky for us as Pakistan is already included and ranked fourth within the local weather vulnerability index on this planet.
One other speaker, DG Pakistan Agriculture Analysis Council South Area Dr Zakir Hussain Dehri mentioned that though Pakistan contributes 0.9 % to international greenhouse gasoline emissions, it’s among the many 10 most affected international locations and is very weak to local weather change as a result of Pakistan is an agricultural nation and the affect of local weather change on agriculture and pure assets are big.
In the meantime, the Founder CEO of Clifton City Forest Masood Lohar mentioned that we must always attempt to enhance the ecosystem by planting native vegetation. He talked about that about 10 % of Pakistan’s inhabitants lives in Karachi which is the financial hub of Pakistan, however the infrastructure of the mega metropolis is just not in good situation.
He harassed that our younger era ought to educate individuals about local weather change and take steps to keep away from its results. The Dean of Architect and Planning NED College Professor Dr Noman Ahmed mentioned that the current flood is extra harmful than we had witnessed in 2010, and we’ve got to enhance drainage and infrastructure to keep away from future flood disasters within the nation.
In keeping with him, the shortage of native authorities construction within the nation can also be contributing to our issues. He talked about that the presence of a correct native authorities may have helped lots in averting these catastrophes.
In the meantime, the senior VP KATI, Chairperson Hisaar Basis Simi Kamal, and Chair and Co-founder of IWA-YWP Anique Azam highlighted local weather change and its affect on water shortage and meals insecurity and main points and challenges associated to local weather change.
Additionally they talked about the hole in environmental coverage and governance in Sindh and Balochistan in addition to alternatives for collaborative governance in Sindh.
The audio system suggested adopting nature-based options for climatic stress, flood-affected and drought-prone areas in Sindh and Balochistan, and easy methods to enhance water governance in Sindh and Balochistan.
FBR widens probe into COAS Bajwa household’s tax report leak
LAHORE: The Federal Board Income (FBR) on Saturday included three extra earnings tax officers within the investigation of leaked tax report particulars of Chief of Military Workers (COAS) Gen Qamar Javed Bajwa and his household.
Sources stated that FBR will perform an investigation from the chief commissioner, commissioner and extra commissioner in reference to the leaked tax report particulars of Gen Bajwa and his household.
These three officers can even be faraway from their posts as they’re equally chargeable for the leakage of those tax particulars, sources added.
The leaked tax particulars have been downloaded from the deputy commissioner Lahore’s login after which footage have been captured from the deputy commissioner’s laptop, sources stated.
Moreover, two deputy commissioners of the land income division and 15 FBR officers have been investigated within the leaked in reference to the leaked tax report.
The forensic report reveals that the complete plan was hatched from the laptop computer and cell phones of those officers, sources added. Two deputy commissioners Atif and Zahoor Ahmed are additionally arrested by the FBR investigation workforce.
Committee constituted to arrange street map for interest-free banking system: Dar
ISLAMABAD: Finance Minister Ishaq Dar has stated the federal government has determined to implement interest-free banking system within the nation.
Speaking to a non-public information channel, he stated all appeals towards the Federal Shariat Court docket’s verdict for interest-free banking system have been withdrawn in accordance with the choice.
The Finance Minister stated a excessive energy committee has been shaped, together with all stakeholders that will type a street map to attain the specified intention of an interest-free banking system.
Referring to PTI Chief Imran Khan’s remarks concerning the nation’s financial system, he stated political leaderships shouldn’t compromise nationwide curiosity for the sake of politics.
He stated spreading lies by social media have been the doctrine of the need for Imran Khan’s politics to outlive, urging him to keep away from giving frivolous statements on the financial system.
NAB summons Malik Riaz, threatening to unravel £190mn thriller
ISLAMABAD: In what may show to set off the unravelling of some of the clouded and murky webs from the Imran Khan administration, actual property tycoon Malik Riaz Hussain has been served with a call-up from the Nationwide Accountability Bureau (NAB).
He has been requested to look earlier than a mixed investigation staff of the accountability watchdog at 11 00 AM on the first of December at NAB’s workplaces within the federal capital. The case on account of which he has been summoned goes all the way in which again to 2019, and entails accusations of bribery, corruption, and kickbacks in opposition to the federal government of former prime minister Imran Khan.
What’s the case about?
In 2019, the Nationwide Crime Company (NCA) of the UK agreed to a settlement value £190 million with the household of property tycoon Malik Riaz. The settlement was the most important ever within the historical past of the NCA, and because it was out of court docket, got here with the stipulation that it didn’t “signify a discovering of guilt”.
To grasp this, the NCA is a nationwide regulation enforcement company within the UK that investigates cash laundering and illicit funds derived from legal exercise within the UK and overseas. If the NCA is investigating a case outdoors of the UK, it returns the stolen cash to the affected state. So if the company is investigating fraud or cash laundering in Pakistan, it’ll prosecute or make a settlement within the UK and return the cash to the Pakistani authorities.
That’s what occurred within the case of Malik Riaz. His household had been underneath a ‘soiled cash’ NCA investigation for some time, which reached its conclusion with the £190 million. Nevertheless, the matter will get murky with the doorway of Particular Assistant to the Prime Minister on Accountability Shahzad Akbar, who apparently on the behest of Malik satisfied the NCA to settle the matter and return the cash to Pakistan.
On Dec 5, 2019, Mr Akbar introduced at a press convention in Islamabad that £140m had been repatriated to Pakistan, into the Supreme Courtroom’s account. When requested how the cash may very well be transferred to the SC account, he deflected the query saying that the federal government, NCA and Mr Riaz had signed a “deed of confidentiality” which prevented him from elaborating on the matter.
So what occurred to the cash?
We don’t fairly know, and that is the place the net will get actually intricate. Basically, the accusation is that the £140m that was repatriated to Pakistan after Shahzad Akbar’s intervention with the NCA on behalf of Malik Riaz went straight again into the checking account of the property tycoon.
After coming to energy, the incumbent PDM authorities accused former prime minister Imran Khan and his spouse Bushra Bibi of accepting billions in money and lots of of kanals of land from Bahria City in return for the assistance that Khan’s authorities gave to Riaz throughout his investigation by the NCA. Inside minister Rana Sanaullah claimed that Bahria City entered an settlement and gave a 458-kanal land with an on-paper worth of Rs 530 million to a belief owned by Imran Khan and Bushra Bibi. The land was donated to Al-Qadir Belief, and the settlement bore signatures of the actual property’s donors and Bushra Bibi.
Sanaullah claimed that Imran’s aide Shehzad Akbar had “settled” your complete case, whereas the Rs 50 billion-which belonged to the nationwide treasury-was adjusted in opposition to Bahria City’s legal responsibility. He stated Imran had acquired a graft of Rs 5 billion as “his share” by Akbar earlier than the case was wrapped. He additional stated that Bahria City, after its Rs 50 billion was protected by the then PTI authorities, had allotted 458 Kanal land with an on-paper worth of Rs 530 million to a belief owned by Imran and his spouse. He additional stated that one other 240 Kanals have been transferred to “Farah Shehzadi” generally often known as Farah-a shut good friend of Bushra Bibi.
It’s these 458-kanals which have now come underneath the scrutiny of the accountability bureau. Within the call-up discover served to Malik Riaz dated the twenty fourth of November, he has been requested to look with documentary proof to report his assertion concerning buy of 458 Kanals 04 Marlas 58 sq. ft located in Hadbast No. 77 at Mauza Barkala, Tehsil Sohawa, District Jhelum.
The apex anti-graft physique required Malik Riaz Hussain to current a whole report concerning Equally, he has been requested to provide the deed by which M/s Bahria City donated the above stated land to Al-Qadir Belief alongwith income paperwork. Likewise, particulars of different property/donation (if any) transferred by him, any of his members of the family of M/s Bahria City in favour of Al-Qadir Belief or any of its trustees, whether or not by sale/buy, present, donation or another mode. Furthermore, another related data/report.
“You might be suggested that failing to adjust to this discover, might entail penal penalties as offered in Part 2 of the schedule of NAO, 1999,” reads the discover. The discover was issued by Muhammad Faisal Qureshi, Extra Director (Employees), NAB Rawalpindi.
NAB had earlier despatched notices to the previous premier Imran Khan’s 21 cupboard members together with Ghulam Sarwar Khan, Murad Saeed, Pervaiz Khattak, Shafqat Mehmood, Shireen Mazari, Ali Haider Zaidi and Hammad Azhar, Dr Shireen Mazari, Shafqat Mahmood, Asad Umar for recording of their statements. NAB additionally summoned Ali Riaz Malik, the son of Malik Riaz who’s the founding father of Bahria City.
NAB additionally summoned Murad Saeed and Ghulam Sarwar Khan on October 11, Pervaiz Khattak and Ali Riaz Malik on October 12, Zubaida Jalal and Hammad Azhar on October 13, Shafqat Mehmood and Shireen Mazari on October 14, Khalid Maqbool Siddiqui and Ejaz Shah on October 17, Ali Amin Gandapur and Farogh Naseem on October 18, Ali Zaidi and Khusro Bakhtiar on October 19, Azam Khan Swati and Asad Umar on October 20, Umar Ayub and Muhammad Mian Somro on October 21, Sheikh Rasheed Ahmed and Fawad Chaudhry on October 24 and Mehboob Sultan and Faisal Vawda October 25 for investigation and recording of statements.
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