BREAKING NEWS
newsdailyApril 8, 2021
flats.jpg

4min720

ISLAMABAD: For the first time in the country’s history, 600 out of 4,000 apartments will be given to slum dwellers as Prime Minister Imran Khan performed the ground-breaking of the low-cost housing units in the capital’s Farash Town on Thursday.

Other 2,000 flats will be allotted to those who had registered themselves under the Naya Pakistan Housing Programme, while 1,600 flats will be sold out on an open market basis by Capital Development Authority.

Prime Minister Imran Khan witnessed the Memorandum of Understanding signed among the Naya Pakistan Housing Development Authority (NPHDA), Capital Development Authority (CDA) and Frontier Works Organization (FWO), which will jointly carry out the project.

Speaking on the occasion, Prime Minister Imran Khan said the project aimed at providing shelter to the underprivileged segment of society, particularly the working class and labourers. Imran Khan said within a time frame of two years, people would be able to move into the houses with ownership rights.

The Prime Minister expressed satisfaction that regular negotiations of the government with private banks, the Federal Bureau of Revenue (FBR) and relevant bodies resulted in an agreement on mortgage financing as the key factor in materialization of the project. He said existing impediments in acquiring bank loans would be sorted out and the procedure would be simplified in consultation with banks.

The prime minister said in near future, CDA would be working on a plan for the development of all slum areas in the capital with the provision of modern amenities.

Prime Minister Imran Khan said the government was focusing on projects with a target of wealth creation to pay off heavy debt borrowed by the previous rulers. He mentioned that the government’s incentives for the construction industry would not only ensure economic activity with the running of 30 affiliated industries but also generate employment opportunities.

He expressed confidence that the development of Lahore’s Ravi Urban Project and Central Business District and Sindh’s Bundal Island would attract foreign investment. Also, the textile industry witnessed a boom with operationalization of power looms, leading to an increase in demand for workers, he added.

He said the construction of two big dams after five decades would ensure cheap electricity and contribute to enhanced productivity of industries. Imran Khan said completion of Main Line-1 rail track would reduce the Lahore to Karachi travel time to eight hours, and also benefit the freight movement as a factor of ease of business.

In a briefing, the Prime Minister was apprised that the total Engineering, Procurement and Construction (EPC) cost of the project was Rs 15.184 billion. The entire complex would have apartments of two different sizes built on 99 blocks. Each block would have 40 apartments. Each block – ground plus four floors, will have eight apartments on each floor. The apartments of 650 sq feet would cost Rs 2.423 million, while a 760 sq ft unit would cost Rs 2.985 million.–APP


newsdailyApril 8, 2021
2196246-LahoreHighCourtLHC-1586670402-662x480-1.jpg

2min580

Lahore: The Lahore High Court (LHC) has issued a detailed decision confirming the bail of PML-N leader Rana Sanaullah in a disproportionate assets case. The court ruled that the NAB could not investigate properties already under discussion in the anti-drug court.

The decision of the Lahore High Court said that three days after Rana Sanaullah was released on bail in the narcotics case, the NAB issued a notice and asked why Rana Sanaullah was not arrested when he was in custody in the drug case?

The court said it was beyond comprehension why the NAB did so and kept the inquiry in abeyance. The NAB did not issue any call-up notice before getting bail in the drug case and the assets being investigated by the NAB have already frozen the ANF in the drug case.

The written decision said that the interim bail of Rana Sanaullah is confirmed. Rana Sanaullah should submit bail bond of Rs 5 million and ensure his appearance in the trial court at every hearing. 


newsdailyApril 4, 2021
2162900-blingcricket-1617538377-215-640x480-1.jpg

2min1280

Dhaka: Pakistan defeated India by 62 runs in the final of the tri-nation T20 Blind Cricket Tournament. According to resources, Pakistan became the champion of the tri-nation T20 Blind Cricket Tournament. In the final, Pakistan beat India by 62 runs.

In the tri-nation blind cricket tournament, India had invited Pakistan to bat after winning the toss. Pakistan scored 174 runs for the loss of three wickets in the allotted 15 overs. Captain Nisar Ali scored an unbeaten 69 for Pakistan. Innings were played, while Zafar Iqbal was dismissed for 48 off 24 balls. For India, Ajay Kumar took two wickets. 

India needed 175 runs in 15 overs to win, but in the chase of 175, India managed to score only 112 runs for the loss of 7 wickets in 15 overs, and Pakistan defeated India by 62 runs. For Pakistan, Sajid Nawaz got two wickets and captain Nisar Ali got one.

The blind cricket tournament in Bangladesh was attended by the teams of host Bangladesh, Pakistan and India. Pakistan also defeated Bangladesh in the semi-finals.


newsdailyApril 4, 2021
8382_8322236_updates.jpg

2min880

Australia women’s cricket team on Sunday set a new world record for the most consecutive wins in one-day internationals (ODI) after beating New Zealand by six wickets at Bay Oval in Mount Maunganui.

The Meg Lanning-led side surpassed the mark set by Australia’s men team under Ricky Ponting in 2003 after they won their 21st ODI in a row today. Set a target of 213 to win, the Australians rattled off the required total in just under 39 overs to secure a comfortable victory.

Ashleigh Gardner brought up the winning runs when she smashed a six off Amelia Kerr on her way to a personal tally of 53 not out, as her team set the new global benchmark.

Opener Alyssa Healy top scored for Australia with 65 runs from 68 balls before she was caught and bowled by Kerr, while Ellyse Perry also finished unbeaten on 56 runs. Megan Schutt was the pick of Australia’s bowlers as she claimed 4 for 32 in nine overs while Nicola Carey backed her up, taking three wickets for 34 runs.

The New Zealanders opened the batting but made a slow start, with Hayley Jensen falling before the home side managed to score any runs. With Lauren Down anchoring, they steadied themselves and, after a 90-run partnership for the third wicket with Kerr, the opener eventually fell for 90 with New Zealand on 168 for 5.

New Zealand were all bowled out for 212 when Rosemary Mair was dismissed with seven balls remaining, leaving the Australians with a target they surpassed with relative ease.


newsdailyApril 3, 2021
download.jpg

2min1000

Myanmar security forces opened fire on pro-democracy protests on Saturday killing at least five people, a protester and media said, as the military reinforced its bid to end dissent with arrest warrants for online critics and internet blocks.

Despite the killing of more than 550 people by the security forces since the Feb. 1 coup, protesters are coming out every day, often in smaller groups in smaller towns, to voice opposition to the reimposition of military rule. Security forces in the central town of Monywa, which has seen big protests day after days for weeks, fired on a crowd killing at least four people and wounding several, two media organisations said.

“They started firing non-stop with both stun grenade and live rounds,” the protester in Monywa, who declined to be identified, told Reuters via a messaging app. “People backed off and quickly put up … barriers but a bullet hit a person in front of me in the head. He died on the spot.”

One man was shot and killed in the southern town of Thaton, the Bago Weekly Journal online news portal and residents reported. Police also fired in the central town of Bago, wounding one man.

Police and a spokesman for the junta did not answer telephone calls seeking comment. The Assistance Association for Political Prisoners activist group, in a statement earlier in the day, said the security forces had killed 550 people, 46 of them children, since the military overthrew an elected government led by Aung San Suu Kyi.

The demonstrations that drew tens of thousands of people in the early days of defiance in big cities have become more rare with opponents of the coup adopting “guerrilla rallies” – small, quick shows of defiance before security forces can respond.


newsdailyApril 3, 2021
1-107.jpg

2min1230

CAIRO: All ships stranded by the grounding of the giant container ship Ever Given in the Suez Canal in March had passed through the canal by Saturday, ending the backlog that built up during the blockage, the canal authority said.

The last 61 ships, out of 422 ships that were queuing when the vessel was dislodged on Monday, passed through the vital trade artery on Saturday, the Suez Canal Authority (SCA) said.

International supply chains were thrown into disarray when the 400-metre-long (430-yard) Ever Given ran aground in the canal on March 23, with specialist rescue teams taking almost a week to free her after extensive dredging and repeated tugging operations.

In total, 85 ships had been due to pass through the canal on Saturday including 24 ships that arrived after Ever Given was dislodged, the SCA said. An SCA investigation began on Wednesday into what caused the vessel to run aground in the canal and block the waterway for six days, the canal authority’s chairman, Osama Rabie, told the MBC Masr private TV late on Friday. “The investigation is going well and will take two more days, then we will announce the results,” he added.–Reuters.


newsdailyApril 3, 2021
Bitcoin-1280x720.jpg

5min690

Bitcoin is a digital currency that was created in January 2009. It follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto. The identity of the person or persons who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and, unlike government-issued currencies, it is operated by a decentralized authority.

Bitcoin’s latest volatility has both skeptics and fans claiming their predictions are finally coming true. It’s like an online version of cash. You can use it to buy products and services, but not many shops accept Bitcoin yet and some countries have banned it altogether. However, some companies are beginning to buy into its growing influence. In October last year, for example, the online payment service, PayPal, announced that it would be allowing its customers to buy and sell Bitcoin.

In February, Bitcoin hit a new record high of $58,000 (€47,480). The price had fallen to just above $46,000. The drop followed a weekend in which Tesla CEO and Bitcoin fan Elon Musk tweeted skepticism at the coin’s seemingly unstoppable rally, saying he thought the cryptocurrency could be overvalued.

The buzz was enough to draw criticism from US Treasury Secretary Janet Yellen as well as billionaire and Microsoft co-founder Bill Gates. “My general thought would be that, if you have less money than Elon, you should probably watch out,” Gates told Bloomberg.

But Bitcoin believers have remained bullish. after 2 or 3 days, the coin had climbed again and was trading near $50,000. The latest activity has forecasters on both sides of the Bitcoin debate claiming their predictions are coming true.

Why do people want Bitcoins?

Some people like the fact that Bitcoin is not controlled by the government or banks. People can also spend their Bitcoins fairly anonymously. Although all transactions are recorded, nobody would know which ‘account number’ was yours unless you told them. In an online chat with social media users in January 2021, the world’s richest man, Elon Musk, said he was a big supporter of Bitcoin. He even went as far as to change his Twitter bio to “#bitcoin”. He has repeatedly shown his support to online currencies in recent years and caused major movements in their values due to his own personal wealth and influence. This particular endorsement led to the value of Bitcoin to rise significantly.

Is it secure?

Every transaction is recorded publicly so it’s very difficult to copy Bitcoins, make fake ones or spend ones you don’t own. It is possible to lose your Bitcoin wallet or delete your Bitcoins and lose them forever. There have also been thefts from websites that let you store your Bitcoins remotely.

The value of Bitcoins has gone up and down over the years since it was created in 2009 and some people don’t think it’s safe to turn your ‘real’ money into Bitcoins. This concern was expressed by the head of The Bank of England, Andrew Bailey, in October 2020. He said that he was “very nervous” about people using Bitcoin for payments pointing out that investors should realise its price is extremely volatile. By this, he meant that the value could drop significantly at any moment and investors could lose a lot of money.


newsdailyMarch 31, 2021
2161198-pff-1617193448-214-640x480-1.jpg

3min830

Lahore: Pakistan football is feared to be suspended for 5 years due to which this situation has caused a wave of concern among players, coaches and officials.

The Ittefaq Group had taken control of the PFF headquarters in Lahore on Saturday, ousting the FIFA-designated normalization committee. If the charge is not handed over to the normalization committee by nightfall, the strong step like suspension of Pakistan can be taken. 

According to sources, in the current situation, Pakistan’s membership can be terminated for 5 years. In this situation, there is a wave of concern among Pakistani footballers, coaches and officials. It will be remembered that FIFA is required to impose a lifetime ban on those who interfere in affairs instead of Pakistan.

FIFA and AFC had never recognised Ashfaq Shah as the elected president or representative of PFF. “It is with great concern that FIFA has learned of the unfortunate incidents that took place at the headquarters of the Pakistan Football Federation in Lahore, and during which PFF officials and employees had to be evacuated after the offices had been invaded by a group of protestors, who support Mr Syed Ashfaq Hussain,” Samoura said in the letter.

The FIFA general secretary adds in the letter that FIFA strongly condemns the incidents and considers such actions to be totally unacceptable. “We would like to remind all relevant parties, in particular the individuals who invaded the PFF premises, that the normalisation committee of PFF is the sole executive body of PFF recognised by FIFA,” the letter reads. geo super reported.

FIFA also informed that the meeting held on March 26 by certain members of the PFF and during which a decision was taken to hand over the leadership of the PFF to Syed Ashfaq Hussain holds no value and it will be considered an ‘undue interferance’ in the affairs of PFF.

FIFA further added that in case of suspension, PFF will lose all of its membership rights, as defined in art. 13 of the FIFA Statutes, with immediate effect and until further notice.

PFF’s national team or any other clubs won’t be allowed to participate in any international competitions. PFF and its members will also lose benefit from FIFA’s financial/development programmes.


newsdailyMarch 31, 2021
IMG-20210331-WA0020.jpg

3min1160

DUSHANBE (Tajikistan): Pakistan on Wednesday assured Tajikistan to make utmost efforts for the early completion of CASA-1000 project as an effective plan for management of energy and water resources.

Foreign Minister Shah Mahmood Qureshi in a joint press conference with his Tajik counterpart Sirojiddin Muhriddin in Dushanbe said Pakistan believed that CASA-1000 would not only benefit the two countries, but the entire region.

Launched in 2016, the under-construction Central Asia-South Asia (CASA-1000) power project, will allow the export of surplus hydroelectricity from Tajikistan and Kyrgyzstan to Afghanistan and finally to Pakistan.

Qureshi said CASA-1000 project would improve electricity access, integrate and expand markets to increase trade, and find sustainable solutions to water resources management.

Qureshi said he was pleased to learn through his Foreign Minister Mehruddin that Tajik President Emomali Rahmon in a meeting with Afghan President Ashraf Ghani “stressed the need for a tripartite transit trade agreement among Tajikistan, Afghanistan and Pakistan”. He said Pakistan on its part would pursue the matter of tripartite agreement with the Afghan leadership for the benefit of three countries.

He expressed satisfaction that bilateral relations with Tajikistan had strengthened with time in line with the two joint declarations of 2017 and 2018 to promote cooperation.

He said in a meeting with his Tajik counterpart, it was agreed to renew the spirit of the existing roadmap for bilateral co-operation and also decided to activate the Joint Working Groups and the Intergovernmental Commission.

He said both Pakistan and Tajikistan had fought the menace of terrorism and expressed satisfaction over the defence cooperation. He expressed pleasure that about 200 Tajik military officers had received military training in Pakistan and offered assistance on more capacity-building defence and diplomatic courses.

Tajik Foreign Minister Sirojiddin Mohriddin terming the meeting with Qureshi a “meaningful dialogue” said it focused on important global and regional issues.

He said Pakistan’s Commitment to the CASA-1000 energy project was “commendable” and hoped that its completion would further strengthen relations between the two countries. The two sides discussed economic co-operation, air links, security co-operation and bilateral cooperation in the fields of infrastructure, technology cooperation and education.

The two sides stressed the need to increase bilateral trade volume to enhance trade relations between the two countries.

Earlier during the meeting, Foreign Minister Qureshi invited Tajikistan to benefit from Pakistan’s Gwadar port as the shortest trade route to Southeast Asia, Middle East and Africa.

Qureshi emphasized on tapping the immense trade potential existing between the two countries. Gwadar and Pakistan’s other seaports could help boost bilateral trade volume between Pakistan and Tajikistan, he said. He said Pakistan and Tajikistan enjoyed fraternal relations based on common religious and cultural values.–APP reported.

 


newsdailyMarch 31, 2021
Imran-Khan.jpg

5min1340

ISLAMABAD, March 31 (APP): Prime Minister Imran Khan on Wednesday called upon the major economies to pursue a holistic approach towards climate change and galvanize supportive finance for Pakistan and other vulnerable countries braving the climatic challenge.

“We expect this to be a moment for the world’s major economies to come forward and galvanize supportive finance for responsible countries like Pakistan, that are doing their best to reduce emissions,” the prime minister wrote in his article published in The Times, a British national daily.

Prime Minister Imran Khan mentioned that the Global Climate Risk index ranked Pakistan as the eighth most vulnerable country to climate impacts with frequency and intensity of climate disasters constantly rising over the decades.

Since 2000, Pakistan has lost 9,989 lives, suffered economic losses worth $3.8 billion and witnessed 152 extreme weather events – all triggered by climate change, he wrote.

He pointed that while Pakistan was not a contributor to this globally changing climate and emitted less than one percent of the global carbon emissions, it was committed to be a part of the global solution by pushing the growing economy on to a “greener, cleaner and low carbon future”.

The prime minister said adapting to climate change remained a challenge, compelling to invest in early warning systems, climate proofing of flood prone infrastructures, establishing cross-country disaster management networks and working with local communities.

He said Pakistan’s climate change expenditure was already hovering menacingly around 6 percent of the annual federal budget, a figure poised to rise further as impacts begin to bite.

“Pakistan’s commitment and all these efforts to address global climate now need to be augmented with supportive climate finance and green investments,’ he said.

He said adapting to inescapable climate change comes with acute economic costs, adding that “With rising impacts, our adaptation finance needs have been estimated at $7-14 billion every year”.

In a situation of human and economic catastrophe of COVID-19, he said, the Glasgow COP26 Summit was critical as it gave a rare opportunity to address these challenges through understanding, collaboration and cooperation. He recalled that in 2015, an analysis indicated that developing countries would need around $400 billion in climate finance support to shift towards low carbon development pathways.

He regretted that the drop in clean energy transition ironically coincided with the failure of developed countries to deliver the promised $100 billion/year of climate finance by 2020 – a commitment that remains weak on actual deliverance.

“Unless there is a debt relief programme for the global South and enhanced global climate finance leveraging clean investments in these regions, the default fossil fuel powered pathways will remain unchanged and the invaluable opportunity of a clean energy transition will wither away,” he said.

Imran Khan stressed that Pakistan was piloting a sovereign debt linked nature bond to bring innovation to this dialogue, but much more needed to be done.

He expressed intention to travel to COP26 in Glasgow with hope and optimism showcasing Pakistan’s positive climate actions, however said “without a strong climate finance deal on the table, there may not be any agreement at COP26 – an outcome we can all ill afford”.

Imran Khan mentioned that monsoon season in Pakistan was about both “hope and fear.”

“Hope because the rains irrigate our farmlands and refresh our cities after the intense summer heat. Fear that the rains will overwhelm us, bursting river banks and unleashing urban flash floods,” he said.

He recalled that last summer, Pakistan experienced the heaviest rains in a century, with an unprecedented cloudburst leaving much of the sprawling metropolis of Karachi inundated, rendering thousands homeless and over 100 dead.

Pakistan is used to coping with heavy monsoon rains, he said, however 2020 was unexpectedly intense with the scientists saying that the situation would become increasingly common as the planet warms.–APP reported.

 



About us

News Daily is a platform where news is collected from difference sources.News Daily offer latest news headlines on Electonic formate. You get all latest updates and notification on your device.


CONTACT US