Category: National

  • IRC launches rain relief operation in Balochistan

    IRC launches rain relief operation in Balochistan

    ISLAMABAD: International Rescue Committee (IRC) on Wednesday launched a relief operation in Balochistan were the torrential rains have ruined the normal life in the province. Due to flash floods and rain, many people have been killed and around 150,000 population are in the need of humanitarian assistance.

    An emergency has been declared in the provincial metropolitan city followed by relief operations at all levels.

    The assistant commissioner said that the wards and emergency room of Muslim Bagh Civil Hospital were flooded, while rain in the hilly areas of Muslim Bagh damaged more than 100 houses. Most of the access roads to remote areas of Qila Saifullah, Zhob, and Harnai have been affected, hampering rescue operations in several areas.

    READ MORE: Slashing petroleum prices summary to be sent: Miftah

    A Pishin administration official said hundreds of mud-houses were washed away or badly damaged in Malikyar, Don Khanozai and Sheikhmalzai areas of Pishin as floodwater coming from hilly areas of Burshor lashed the area.

    Given the rapidly deteriorating situation, the IRC has initiated response activities in Pishin and Quetta districts. With the financial aid of German Federal Foreign Office, the IRC’s internal funds and support of its on-ground partner, the People’s Primary Healthcare Initiative (PPHI), the IRC has launched a rapid emergency response within 24 hours of the declaration of emergency, which is being implemented in close coordination with the Provincial Disaster Management Authority, Balochsitan.

    CEO of PPHI, Esfandyar Baloch said, “We have so far set up three free medical camps in the flood-affected areas. More than 500 Afghan refugees and host communities have so far availed the services.”

    He further said that under this rapid response, more than 350 food packages and over 250 dignity kits are being distributed among the affected population.

    READ MORE: Gas price hike report baseless: Musadiq Malik

    Muhammad Shareef, IRCs Head of Office, Balochistan, said, “The needs of the target beneficiaries will inevitably be affected by inflation and poverty. The opportunity cost of food items will, in all likability be the healthcare. We understand this dilemma and our efforts are geared towards providing maximum possible relief to those most in need.”

    Shabnam Baloch, IRCs Country Director said, “To minimize the adversity caused by natural disasters, the relevant actors need to plan beyond the immediate response and work closely with geologists, environmentalists, and researchers to examine, assess, and review potential future climate risks to timely alert the decision-makers.”

    She also added that it is equally important to understand that natural calamities further aggravate the vulnerability of women and girls and so, any response or management efforts must be designed keeping their unique protection issues in mind.

    READ MORE: Limited resources affected from overpopulation

    The IRC has also responded to similar emergencies in the past by providing a humanitarian response in terms of food items, non-food items, and basic healthcare camps. The organization is currently also coordinating with the district and provincial disaster management authorities to keep them abreast with the situation and provide relief updates from the target districts.

  • Slashing petroleum prices summary to be sent: Miftah

    Slashing petroleum prices summary to be sent: Miftah

    ISLAMABAD: The finance ministry will send a summary to reduce the prices of petroleum products for next fortnight on Wednesday, July 13, 2022, Finance Minister Miftah Ismail said on Tuesday.

    Earlier, Prime Minister Shehbaz Sharif directed the ministries of petroleum and finance to prepare the summary to reduce prices of petroleum products to provide relief to the masses.

    READ MORE: Pakistan may cut petroleum prices from July 16, 2022

    The government has decided to reduce the prices of petroleum products in the wake of massive fall in prices of crude oil in in the international markets.

    “After receiving the summary from the petroleum division, we will try to send it to the PM House,” Miftah Ismail said while talking to a private TV channel.

    READ MORE: New prices of petroleum products in Pakistan from July 01, 2022

    He said, prices of petroleum would be reduced on the directives of the prime minister for public interest.

    The prime minister, he said, sincerely wanted to give the benefits of low petroleum prices in the international market to people without any delay.

    INFORMATION FROM REUTERS:

    READ MORE: Gas price hike report baseless: Musadiq Malik

    Global benchmark Brent crude tumbled $7 to below $100 a barrel on Tuesday on a strengthening dollar, demand-sapping COVID-19 curbs in top crude importer China, and rising fears of a global economic slowdown.

    “The sharp drop followed a month of volatile trading in which investors have sold oil positions on worries that aggressive interest rate hikes to stem inflation will spur an economic downturn that will pull the rug out from oil demand,” according to the international news agency.

    READ MORE: Govt. halts gas supply to export industry: APTMA

    Brent crude futures were down $7.21, or 6.7 per cent, at $99.89 a barrel by 1:46 p.m. EDT (1746 GMT). U.S. West Texas Intermediate crude was down $7.80, or 7.5 per cent, at $96.30.

  • Pakistan may cut petroleum prices from July 16, 2022

    Pakistan may cut petroleum prices from July 16, 2022

    ISLAMABAD: Pakistan likely to cut prices of petroleum products from July 16, 2022 in the wake of falling oil prices in the international markets.

    Prime Minister Shehbaz Sharif on Tuesday directed the authorities to pass on the full benefit of falling oil prices in the international markets to the masses.

    READ MORE: Gas price hike report baseless: Musadiq Malik

    The premier directed the ministries of petroleum and finance to prepare a summary for reduction in oil prices for next fortnight starting from July 16, 2022.

    Chairing a meeting on fuel prices, the Prime Minister said the people spent a difficult time, now they have the right to get full relief.

    He said we will take every step for the provision of relief to the masses who suffered heavily because of inflation caused by the previous government.

    READ MORE: Govt. halts gas supply to export industry: APTMA

    The Prime Minister said if the grace and blessings of Allah Almighty continue like this, they will bring more ease in the lives of the people.

    The meeting was also attended by senior officials of Oil and Gas Regulatory Authority (OAGRA) and other ministries and departments.

    Previously, the government was continuously increasing the prices of petroleum products since May 26, 2022 by eliminating subsidies and imposition of petroleum levy.

    The prices of petroleum products effective from July 01, 2022, were:

    READ MORE: FBR exempts sales tax on oxygen gas import

    The new prices of petrol have been increased by Rs14.85 per liter to Rs248.74 from Rs233.89.

    The rate of high speed diesel has been increased by Rs13.25 per liter to Rs276.54 from Rs263.31.

    The rate of kerosene oil has been increased by Rs18.83 per liter to Rs230.26 from Rs211.43.

    Similarly, the rate of light speed diesel has been increased by Rs18.68 per liter to Rs226.15 from Rs207.47.

    READ MORE: New prices of petroleum products in Pakistan from July 01, 2022

    Although, the prime minister directed the authorities to reduce the prices of petroleum products in the wake of fall in oil prices in the international markets but the imposition of petroleum levy may not give the government much room to reduce the prices drastically.

    Recently, National Assembly (NA) approved a levy of Rs50 per liter on each petroleum product. The assembly allowed the government to include the levy in the prices of petroleum products up to Rs50 per liter of each product.

  • Limited resources affected from overpopulation

    Limited resources affected from overpopulation

    ISLAMABAD: The government of Pakistan on Tuesday discussed about the need to manage population growth to ensure provision of better human health, economic stability and social life of people.

    The recent data reveals that Pakistan is the 5th most populous country in the world, despite only being the 33rd largest in size.

    READ MORE: NITL declares dividends for funds in FY22

    While its huge population is constantly eating up national resources threatening the national life especially provision of sufficient healthcare as well as quality education, job opportunities, climate change, depleting water resources and even our national security.

    The government ministers showed concerns over the constant population growth and the resources which are quickly running out on the reference of the World Population Day on July 11, 2022.

    The Minister for Federal Health Services Abdul Qadir Patel said on the occasion that, “overpopulation always eats up national resources hindering the national prosperity. There is a misconception that family planning is meant to control child birth. In fact, this initiative was launched to ensure better health of mother and child.”

    READ MORE: Engro Polymer collaborates for industry-academia linkage program  

    Minister for Planning and Development Ahsan Iqbal discussed, about 60 per cent population in Pakistan is below the age of 30, who want to have better education and reasonable employment. However, with available resources in the country, perfect education facilities and jobs availability is a difficult task but we can improve it with practical measures.

    Federal Minister for Poverty Alleviation Shazia Marri, termed the overpopulation a major concern for development planning in Pakistan.

    She said, “If we maintain a balance between national population and resources it would ensure better health of people especially of mother and child.”

    READ MORE: ITMinds, Pak Qater enter into outsourcing arrangement

    She further said that “the data shows that maternal mortality ratio in Pakistan stands at 186 deaths per 100,000 live births. The need for family planning is staggeringly high in Pakistan.”

    She also said that the grassroots challenges are present such as misperceptions, lack of trained health staff, communication gap between the partners, and others.

    To make a real difference in this area and normalize family planning amongst the masses, we need to design and execute behavior change campaigns through use of media tools that reach out to everyone across the board, including rural and most marginalized communities.

    As part of the efforts to raise awareness about the importance of adopting family planning measures, KhairKhwah (campaign name means well-wisher) launched an advocacy campaign on the World Population Day with testimonial videos of government officials. These video testimonials directly speak out to the population of Pakistan on the link between overpopulation and problems facing Pakistan such as economic crisis, unemployment, healthcare etc. and encourage people to adopt family planning measures.

    READ MORE: SECP’s company registration goes up to 169,919 till May 2022

    At the same time, this campaign aims to mobilize the government officials and engage them to make commitments to address this growing issue.

    Names of Officials:

    Names of stakeholders:

    Dr Arif Alvi, President of Pakistan.

    Ahsan Iqbal

    Abdul Qadir Patel

    Dr Zaeem Zia

    Shazia Fatima Khuwaja

    Ali Jan Khan

    Dr. Zaher Gul

    Shazia Marri

    Taimur Khan Jhagra

    Riaz Hussain Pirzada

  • Gas price hike report baseless: Musadiq Malik

    Gas price hike report baseless: Musadiq Malik

    ISLAMABAD: Minister of State for Petroleum Musadiq Malik on Friday addressed in a news conference about the baseless speculations regarding the increase in prices of gas.

    READ MORE: Govt. halts gas supply to export industry: APTMA

    While addressing in a news conference he said, we have just proposed new slabs to protect the people with low income while capable people will pay just 50 to 60 percent of the real price of gas.

    READ MORE: FBR exempts sales tax on oxygen gas import

    The state minister also said according to newly proposed prices, fifty percent of the consumers will pay the existing amount or less than that for gas.

    READ MORE: OGDCL discovers oil, gas reserves in Sindh

    He added that our every step is aimed at protecting poor segment of society and for this purpose, we have proposed subsidy for those consumers who use gas for just cooking and they are fifty percent of total consumers.

    READ MORE: OGDCL declares over 63% net profit for 1HFY22

  • Need stressed on integrated approach for SDGs

    Need stressed on integrated approach for SDGs

    ISLAMABAD: Highlighting the important role of Voluntary National Review process towards achieving Sustainable Development Goals (SDGs), the participants stressed the importance of an integrated & participatory approach towards making of Voluntary National Review (VNR) Report.

    The process adopted by Planning Commission of Pakistan was inclusive and broad-based, however the official VNR report does not reflect the progress on critical SDGs that related to basic social services including education, human rights, women & gender rights, peace, democracy and accountability mechanisms.

    These thoughts were expressed in Pre – HLPF CSOs Consultation session on Voluntary National Review (VNR) process and report, organized by AwazCDS-Pakistan and Malala Fund in Islamabad.

    Presented every year at the UN High-level Political Forum on Sustainable Development (HLPF), VNRs provide the opportunity for countries to share their individual experiences, including successes, challenges and lessons learned, with a view to accelerating SDG implementation. The review process and report also discusses the governing framework and policies supporting the development process.

    Chief Executive Awaz CDS Pakistan, Zia ur Rehman appreciated government for setting up institutional structures like Parliamentary Task Forces and SDGs Units at national, provincial and regional levels to facilitate and oversight the implementation processes towards the achievement of SDGs.

    He expressed concern that the official VNR report apparently focuses on the SDGs other than the five priority SDGs for this year’s HLPF review, including Goals 4 (Quality Education), 5 (Gender Equality) 14 (Life Below Water), 15(Life on Land), and 17 (Partnership for the Goals). He expressed his dismay for not reflecting progress on quality education and gender equality as standalone segments.

    According to him the report also failed to capture and highlight the stakeholders input on VNR process and progress on SDGs collected through stakeholders’ consultations held across Pakistan.

    Manager Programs & Campaigns AwazCDS, Maryam Amjad Khan presented the combined statement of national CSOs on SDGs for HLPF 2022. The statement highlighted the importance of collecting information through Peoples Scorecard and collecting input from the civil society organizations on the subject. According the results of People Scorecard 2022 the average score of progress on SDGs is 27 as compared to the average score of 22 in 2021.

    Pakistan Development Alliance releases the People Scorecard on SDGs every year to measure the progress on SDGs. Global score for Pakistan progress on SDGs is 59.34. The global score is determined through government sponsored secondary data whereas People Scorecard (PSC) is based on the evidence based perception of informed civil society in Pakistan.

    All sessions were interactive to ensure everyone’s participation. Around 35 members from civil society organizations (CSOs) and INGOs including Sightsavers, VSO, Save the Children, Sir Sayyad Deaf Association, Aurat Foundation, Hashoo Foundation, SAPRC, PCHR, SEDA, Society for Sustainable Development and others participated in the consultation, mostly from organizations led by women, youth, transgender, people living with disabilities and minority groups.

  • SBP directs banks to open branches on July 8, 2022

    SBP directs banks to open branches on July 8, 2022

    KARACHI: State Bank of Pakistan (SBP) on Thursday directed banks to open their branches on July 08, 2022 – the first holiday for Eid-ul-Adha to facilitate people.

    The federal government has announced five days of holidays on the occasion of Eid ul Adha. Subsequently, the SBP also announced holidays from July 8 to July 12, 2022 for banks.

    READ MORE: Bank holidays announced for Eid ul Adha 2022

    However, the central bank said in order to ensure the availability of banking services to trade and industry, in particular and public in general, during the extended holidays on the occasion of Eid-ul-Adha, it has been decided that banks / MFBs shall arrange to open selected branches, only on Friday, July 8, 2022 from 9:00 a.m. to 4:00 p.m., situated in close proximity of cattle markets, big cities, business centers, commercial markets & hubs, ports etc. throughout the country.

    READ MORE: SBP enables banks to get regulatory approval digitally

    It may, however, be noted that RTGS System and Clearing through NIFT will not be available on the afore-mentioned date. Accordingly, all clearing transactions including foreign exchange conversion transactions will be settled on the next working day i.e. Wednesday, July 13, 2022.

    Banks / MFBs should ensure the deployment of minimal number of staff necessary to carry out smooth working at such branches on the above date, the SBP added.

    READ MORE: SBP makes permission mandatory for motor car import

  • Beaconhouse signs agreement for provision in assessment services

    Beaconhouse signs agreement for provision in assessment services

    LAHORE: In a major step toward advancing digital education in Pakistan, Pearson-Edexcel and the Beaconhouse School System signed a Memorandum of Understanding (MoU) on Wednesday to provide world-class assessment services and international academic qualifications to Pakistani students.

    (more…)
  • Bank holidays announced for Eid ul Adha 2022

    Bank holidays announced for Eid ul Adha 2022

    KARACHI: The State Bank of Pakistan (SBP) on Monday announced bank holidays on the occasion of Eid ul Adha 2022.

    In a circular issued to president and chief executives of all banks, development financial institutions and microfinance banks, the central bank said the SBP will remain closed from 8th to 12th July, 2022 (Friday to Tuesday) being public holidays on the occasion of Eid-ul-Adha.

  • Pakistan petroleum sales climb up by 16 per cent in FY22

    Pakistan petroleum sales climb up by 16 per cent in FY22

    KARACHI: The domestic sales of petroleum products in Pakistan have jumped up by 16 per cent to 22,595 metric tons in fiscal year 2021/2022 when compared with the preceding year, a report said on Monday.

    However, Pakistan oil sales declined by 11 per cent MoM to 1.9 million in June 2022 which is mainly driven by 14 per cent MoM dipped in MOGAS and High Speed Diesel (HSD) sales.

    READ MORE: Dealers threaten shutting down petrol pumps from July 18

    “This was due to sharp increase in MOGAS and HSD prices by 31 per cent and 51 per cent in June 2022, respectively,” said analysts at Topline Securities Research.

    This led to reduced demand of petroleum products and rise in usage of public transport/car pooling, they added.

    On YoY basis, oil sales remained flat during the month of June 2022.

    READ MORE: NA approves levy on petroleum products up to Rs50/liter

    MOGAS and HSD sales were down 12 per cent and 16 per cent on MoM basis to 702k tons and 713k tons, respectively. Excluding Furnace Oil (FO), overall petroleum sales volume stood at 1.48 million tons in June 2022, down 13 per cent MoM and 7 per cent YoY.

    “In FY22, Pakistan’s oil sales clocked in at 22.6 million tons, up 16 per cent YoY, which was much better than the last 10-year growth rate,” the analysts said.

    This was mainly led by higher than expected growth in Furnace Oil (FO) sales which reached 4 million tons (highest since FY18) due to high demand in power plants amidst non-availability of RLNG along with low hydel generation.

    READ MORE: New prices of petroleum products in Pakistan from July 01, 2022

    Excluding FO, oil sales were up 13 per cent YoY in FY22 due to uptick in MOGAS and HSD sales.

    Motor Gasoline (MOGAS) and High Speed Diesel (HSD) volumes witnessed jump of 9 per cent YoY and 15 per cent YoY to 8.9 million tons each in FY22. This was driven by (i) strong economic growth including growth in Agriculture sector, and (ii) increase in auto sales.

    Pakistan State Oil (PSO) sales outperformed the sector growing by 29 per cent whereas Attock Petroleum (APL) sales improved by 22 per cent in FY22. Shell Pakistan (SHEL) and Hascol Petroleum (HASCOL) underperformed the market during FY22.

    READ MORE: Petroleum levy to generate Rs750 billion

    Moving forward, we expect oil sales to decline by around 15 per cent YoY in the current fiscal year to due to (i) expected decline in auto sales in FY23, (ii) low growth estimated in agriculture sector (2.5 per cent for FY23F vs. 4.4 per cent in FY22), and (iii) sharp increase in petrol/diesel prices.