Latest News

If Pakistan removed from FATF grey list, credit should only go to Imran Khan: Gill

Published

2 years ago

Farwa

Shahbaz Gill says “so-called Ahsan Aristotle cannot claim the credit for getting Pakistan off the grey list”.
He says PTI govt worked hard for three years to get Pakistan off grey list.
Says nation is about to hear good news regarding Pakistan’s status on FATF’s list.

PTI leader and former special assistant to the prime minister on political communication Shehbaz Gill criticised the incumbent government and said that while the economy is suffering because of its policies, the nation is also hearing some “good news” because of the efforts of the previous government.

The PTI leader was referring to Pakistan’s status on the Financial Action Task Force’s (FATF) grey list and said that the previous government had to make some tough decisions to get off the list.

“To that end, Imran Khan formed a team under the leadership of Hammad Azhar and after constantly working hard for three years, Pakistan is on its way to being removed from the FATF grey list now,” Gill said.

Taking a jibe at the Minister for Planning and Development Ahsan Iqbal, Gill said that the so-called “Ahsan Aristotle” cannot claim the credit for getting Pakistan off the grey list.

“President Arif Alvi had already written a letter to the chief justice of Pakistan in this regard,” he maintained, adding that the credit for this achievement solely goes to the PTI-led government and Imran Khan and no one else.

Pakistan was placed on the FATF list of countries under increased monitoring in June 2018. The country has implemented almost all points of the FATF Action Plan, except for the penalties, and has made prosecutions and all relevant legal amendments.

Business

Nine months yields Rs66 billion for Pakistan Railways.

Published

5 mins ago

Farwa

They stated that the passenger and goods trains generated the majority of the department’s Rs 66 billion in revenue, with additional cash coming from other departments.

In comparison to the previous year, when 86 trains were in service, Pakistan Railways is currently operating about 96 passenger trains, according to their statement. Comparably, the number of goods trains operated this year reached seven, compared to an average of 3.75 the previous year.

As work on the Mainline-I (ML-I) project gets underway, things will be more streamlined, according to the sources who stated the department stressed that the problem of employee salary delays has now been rectified.

Responding to a query, they stated that only six minor accidents involving no fatalities occurred over the nation’s whole railway network in the previous three months, and that Pakistan Railways had increased preventative efforts to lower passenger train mishaps.

According to them, the efforts made to prevent trespassing at unmanned level crossings and unauthorised sites have resulted in a significant drop in accidents.

The department’s primary concern is passenger safety, thus our workers are constantly keeping an eye on the nation’s railway tracks and thoroughly inspecting the trains, the sources stated.

Latest News

Police in Lakki Marwat repel terrorist attack

Published

15 mins ago

Farwa

Dara Pizzo Parnal police stations in Lakki Marwat were targeted by terrorists armed with cutting-edge weapons, according to police sources.

The terrorists had no choice but to leave the area as the police responded promptly. In the shootout, no casualties were recorded.

As a result of the incident, police started a clearance operation there. DPO Taimur Khan, meanwhile, praised the police for responding promptly.

Read more: Intense terrorist attack thwarted by Punjab police

The number of terror incidents in several areas of Khyber Pakhtunkhwa has increased recently.

In the Khyber Pakhtunkhwa (KP) area of Dera Ismail Khan, a policeman was martyred earlier in October in an attack carried out by terrorists.

Police announced that terrorists had targeted the police camp close to DI Khan toll plaza.

According to a police spokeswoman, there were explosions after the gunfight that lasted for several hours. 15 to 20 people were inside the police camp at the time of the incident, the official continued.

Business

PIA privatisation: The restructuring plan is approved by SECP

Published

24 mins ago

Farwa

The legal segregation of PIACL, one of the most complex restructuring exercises ever carried out, has reached finality, according to a press release released by the Privatisation Commission on Sunday. This is because the SECP approved the Scheme of Arrangement on May 3 for the transfer of PIACL’s non-core assets and liabilities to Pica Holding Company Limited.

The Privatisation Commission, Finance Division, Aviation Ministry, and PIA have been working together to reform the airline, and this order represents a major turning point in that work.

Turn off the silent
Additionally, the press release said that the plan went into effect on April 30, 2024.

The PSX, Central Depository Company, and National Clearing Company of Pakistan have been instructed by the SECP to enable the seamless listing of PIA Holding Company Limited in accordance with the relevant laws and guidelines.