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Pakistan Timeline: News, Discussions & Opinions

Discussion in 'South Asia & SAARC' started by tariqkhan18, Apr 14, 2010.

  1. Lion of Rajputana

    Lion of Rajputana Captain FULL MEMBER

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    20 injured in blast on Lahore's Bund road; police yet to ascertain cause behind explosion
    WorldPTIAug, 07 2017 23:02:25 IST
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    Lahore: At least 20 people were injured on Monday night in a blast in Lahore, the capital of Pakistan's Punjab province.

    [​IMG]
    Representational image. Reuters

    The blast took at Lahore's Bund road area, police said.

    The injured, including women and children, were rushed to nearby hospitals where an emergency has been declared. The cause behind the blast has not been ascertained yet.

    Lahore, the cultural capital of Pakistan, has witnessed several terror attacks in recent months.

    On 24 July, a Taliban suicide bomber struck a police team near residence-cum-office of Punjab chief minister Shahbaz Sharif, killing 27 people, including policemen.

    In April, six persons were killed and 15 others injured when a suicide bomber targeted a population census team in Lahore's Bedian Road.

    In February, a suicide bomber killed 14 people, including senior police officers, near the Punjab Assembly.



    Published Date: Aug 07, 2017 10:58 pm | Updated Date: Aug 07, 2017 11:02 pm
     
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  2. Butter Chicken

    Butter Chicken Lieutenant FULL MEMBER

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    ISI official gunned down in Multan.


    MULTAN: An intelligence agency personnel was gunned down by unidentified gunmen in Cantonment Bazaar here on Tuesday morning.
    Mahar Muhammad Yasir Manzoor was riding a motorcycle in Cantonment bazaar when the gunmen on a vehicle shot at and killed him in a drive-by shooting with pistols at 8:37am.
    The deceased official was the resident of Maisli, Vehari district, and was associated with the Inter-Services Intelligence.
    Police sources said it appeared to be a case of target killing.
    The body was shifted to the Nishtar Hospital for a postmortem examination.
    No case was registered by the time of filing of this news story at 8pm.
    The duty officer of the Cantonment police station said the process to lodge the first information report was under way.
    The shooting is the second incident of the killing of an official associated with the premier intelligence agency in the last five months.
    On March 4, the bullet-riddled body of Inspector Umer Mubeen Jilani was found on Old Shujabad Road.
    Jilani was kidnapped by gunmen on June 16, 2014, when he left his house in Garden Town for his office at around 8.30am.
    The body was wrapped in an orange jumpsuit, similar to the ones worn by prisoners at US military’s Guantanamo Bay detention camp.
    He was the nephew of former chief justice Tassaduq Husain Jilani.

    https://www.dawn.com/news/1350495/intelligence-agency-personnel-gunned-down-in-multan
     
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  3. Butter Chicken

    Butter Chicken Lieutenant FULL MEMBER

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    Pakistan Army soldier Nasrullah Khan killed on 19th July, 2017 by Indian Army at Neza Peer Sector



    Death hidden from media by Pak Army
     
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  4. Butter Chicken

    Butter Chicken Lieutenant FULL MEMBER

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    5 Killed, 25 Injured in Bajaur IED Blast

    Khar (Aug 11, 2017): At least five people were killed and 25 injured as a result of an IED explosion in Bajaur Agency’s Chaharmang area on Friday.

    Initial reports said that the blast occurred in Nawagai tehsil of Chaharmang area.


    The blast’s apparent target were labourers.

    Soon after the blast FC ad other security forces personnel rushed to the spot and cordoned off the area.

    The injured have been moved to District Headquarter Hospital Khar.

    The blast comes as the army is busy in Operation Khyber-4 in Rajgal Valley, which also borders the Pak-Afghan border.


    https://breakingnewspak.com/5-killed-25-injured-in-bajaur-ied-blast/
     
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  5. Butter Chicken

    Butter Chicken Lieutenant FULL MEMBER

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    WB links loans to liberal foreign exchange policy

    ISLAMABAD: The World Bank has turned down Pakistan’s request for policy loans to cushion its dwindling foreign currency reserves and asked Islamabad to first depreciate the rupee before knocking the door for a bailout.

    The government has been facing a dilemma because the foreign exchange reserves have been falling despite continued borrowing from the international market. During the past 11 months alone the reserves have depleted by $4.2 billion.

    “Due to deteriorating macroeconomic conditions of Pakistan, the lending agency cannot extend policy loans for budgetary and balance of payments support at this time,” said sources in the World Bank.

    “The Washington-based lender has linked the future policy loans to a liberal foreign exchange policy,” said the sources.

    They said the day the government decided to liberalise the foreign exchange policy, the bank would give the policy loan. The decision will not affect the lending for projects that has already been sanctioned.

    The bank’s condition has put Finance Minister Ishaq Dar in a tight spot because he is a staunch believer in a strong rupee against the US dollar. Last month he changed the acting State Bank of Pakistan governor within 24 hours after the rupee was allowed to depreciate by 3.1% against the US dollar.

    Under the current macroeconomic conditions, specially the foreign exchange policy and a rising circular debt in the power sector, the bank will not be able to provide a bailout in the shape of budgetary support, said the sources.

    “It is still not too late to revise the foreign exchange regime in a manner that is conducive for boosting the exports and help cover current account deficit,” they added.

    The sources said the bank has informed the Q Block – the seat of the Ministry of Finance – that the policy loans can only be provided if the government brings those corrective changes.

    “The negotiations for a policy loan are underway and the World Bank does not officially communicate us about its any decision to link the loan with the depreciation of the rupee,” said an official of the finance ministry.

    He said it was not the mandate of the World Bank to make such a demand. The Ministry of Finance did not officially give a version on the story.

    The rupee is traded at 105.3 to a dollar in the interbank market which, according to the IMF, is overvalued by at least 10%.

    Usually, the bank’s policy loans range between $300 million and $600 million that are immediately disbursed after its approval by the Board of Directors.
     
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  6. Butter Chicken

    Butter Chicken Lieutenant FULL MEMBER

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    Pak Chief Justice shows his true hatred for Hindus

     
  7. Butter Chicken

    Butter Chicken Lieutenant FULL MEMBER

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    Attack on army truck in Quetta's Pishin Stop area; at least 15 dead, 32 injured

    An explosion near Quetta's Pishin Stop on Saturday night claimed at least 15 lives and left at least 32 injured.

    According to a statement issued by the military’s media wing, eight security personnel were martyred in the blast.

    The Inter-Services Public Relations (ISPR) said that an on-duty security vehicle was targeted in the blast, adding that 10 security officials were also among those injured in the attack.
     
  8. Golden_Rule

    Golden_Rule Lieutenant FULL MEMBER

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    Religion of Peace which spews hatred. Nothing new.
     
  9. Butter Chicken

    Butter Chicken Lieutenant FULL MEMBER

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    An explosion targetting a security forces vehicle in Balohcistan's Harnai district on Monday evening resulted in the martyrdom of six security personnel and injuries to three others.

    The injured were rushed to Quetta for medical treatment.

    The FC personnel were on a routine patrol when they were targetted.

    A senior administration officer, who declined to be named, told Dawn.com that miscreants had targetted a Frontier Corps (FC) vehicle with an improvised explosive device (IED) in the Khost area of Harnai district.

    The officer said the explosion had severely damaged the vehicle.

    Soon after the blast, a large contingent of FC personnel and levies forces reached the spot.

    An investigation into the incident is underway.

    Chief Minister Balochistan Nawab Sanaullah Zehri strongly condemned the blast and directed law enforcers to bring the perpetrators to book.

    "We will not spare the elements involved in this act," the chief minister said in a statement issued to the press after the incident.

    The attack, which came as the nation celebrated Independence Day — Pakistan's secession from India and freedom from British Rule — renewed fears of instability in the province.

    Harnai borders Quetta district, where an explosion just last Saturday, August 12, had resulted in the martyrdom of eight army personnel. The explosion had targetted a vehicle carrying military personnel.

    “A man riding a motorbike came close to the army truck and blew himself up,” a senior official of the Bomb Disposal Squad had told Dawn.

    The Quetta explosion, which occurred near Quetta's Pishin Stop, had claimed a total of 15 lives and left at least 32 injured.

    Inter-Services Public Relations (ISPR), the military's media wing, had said that an on-duty security vehicle was targeted in the blast, adding that 10 security officials were also among those injured in the attack.

    "[The] COAS [Gen Qamar Javed Bajwa] condemns [the] terrorist attack on Army truck in Quetta, an attempt to mar Independence Day festivities," the ISPR had tweeted.

    At least 14 people ─ including seven policemen ─ lost their lives, while 19 others were injured in a suicide blast that shook Shuhada Chowk in Quetta's Gulistan Road area in June.

    Earlier in June, three security officials were injured after an improvised explosive device (IED) seemingly targeted their vehicle in the Johan area of Kalat.

    Days later, two navy sailors were martyred and at least three others were wounded when their vehicle was attacked in the Jiwani area of Gwadar district.

    Two Chinese nationals, a man and a woman, teaching at a private language school in Quetta were kidnapped from the Jinnah Town neighbourhood on May 24 by gunmen dressed as police officials.

    The couple were later killed by the militant Islamic State group, which claimed responsibility for their abduction.



    https://www.dawn.com/news/1351542/6...ied-explosion-in-balochistans-harnai-district
     
  10. Butter Chicken

    Butter Chicken Lieutenant FULL MEMBER

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    Pakistan may soon be ineligible for World Bank loans

    ISLAMABAD: In an emerging development, Pakistan may soon become ineligible for financial assistance from one of the two main arms of the World Bank Group – the International Bank for Reconstruction and Development (IBRD), as the country’s official foreign currency reserves are rapidly getting slimmer.


    One of the key conditions for qualifying for IBRD loans is that the loan-seeking country should have official foreign currency reserves equivalent to three months of import bill.

    Pakistan was touching that border line as its reserves stood at $14.3 billion on August 4, 2017.

    These reserves include $3.9 billion in short-term borrowings by the central bank. By excluding the short-term forward contracts, the State Bank of Pakistan’s (SBP) net reserves will come down to $10.4 billion, according to the central bank data.

    Sources in a multilateral lending agency and the Ministry of Finance told The Express Tribune that gross foreign currency reserves may slip below the threshold of three-month import cover either in the last week of August or the first week of September.

    In order to rein in the declining reserves, the Ministry of Finance will have to immediately look for ways to ramp up the critical pool of foreign currency. Since the end of the International Monetary Fund’s (IMF) assistance programme 11 months ago, Pakistan’s official foreign currency reserves have dropped $4.2 billion.

    Responding to the development, a spokesman for the Ministry of Finance said the SBP’s reserves totalled $14.398 billion on August 4, 2017, which were adequate for 3.2 months of imports.

    He pointed out that an export package of Rs180 billion and improved global economic outlook had caused about 10.5% increase in exports in July 2017 compared to the same month of previous year. Apart from this, remittances from overseas Pakistanis have shown a healthy growth of 16% in July 2017.

    As exports and remittances returned to the growth zone, the spokesman said, the government expected a significant increase in foreign direct investment and other inflows including official ones.

    “With increased inflows together with expected reduction in non-essential imports due to the imposition of regulatory duty in the Finance Bill 2017, the SBP reserves are expected to strengthen in coming months,” he said.

    Furthermore, the government was also working on more measures, which would be rolled out after finalisation, said the spokesman.

    Ministry sources revealed that the government was reviewing different options to keep the reserves above the three-month import bill. These included incentives for expatriates to invest in Pakistani dollar-denominated bonds, more restrictions on imports and steps that will encourage exporters to bring back export proceeds.

    IMF data bloats Pakistan forex reserves by $3bn

    The last three-month (May-July) import bill of Pakistan stood at $14.5 billion, showed the data compiled by the Pakistan Bureau of Statistics.

    In the previous fiscal year, Pakistan’s total imports swelled to a record $53 billion and keeping that in view, the three-month average imports came in at $13.3 billion.

    The IBRD lending had been stopped for most of the tenure of the previous PPP government and the World Bank Group restored it less than two years ago. The IBRD suspension carries implications for both project and programme financing.

    The IBRD financing is relatively expensive and is usually linked with changes in the recipient country’s economic and financial policies.

    The World Bank Group comprises five institutions. Its two arms – the IBRD and International Development Association (IDA) – give loans to governments.

    The IBRD offers loans for projects, programmes or policy purpose as well as hedging products to help manage the currency and interest rate risk exposures.

    IDA is a concessionary lending window that extends funds to the poorest developing countries.

    In case, Pakistan is disqualified, its borrowing from the World Bank Group will be limited to the IDA, from where it can borrow only according to the quota.

    Pakistan is among the few countries that qualify for both the IDA and IBRD assistance due to its creditworthiness.

    Sources said if the World Bank stopped Pakistan from IBRD borrowing, it would also have implications for the country’s creditworthiness. Lenders define creditworthiness as “the ability to service new external debt at market interest rates over the long term”.

    The World Bank has already declined to give policy loans to Pakistan until it depreciates the rupee against the US dollar. The bank’s decision reflected deterioration in the country’s external sector that was posing challenges to macroeconomic stability.

    However, the Ministry of Finance insisted that dialogue with the bank for policy lending was under way and the exchange rate policy did not fall within the bank’s domain.
     
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  11. Butter Chicken

    Butter Chicken Lieutenant FULL MEMBER

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    Only in Pukistan

    Rajanpur's notorious Chottu gang returns, kidnaps seven elite force cops


     
  12. Gessler

    Gessler Mod MODERATOR

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  13. Grevion

    Grevion Think Tank TROLL ELITE MEMBER

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  14. An Indian

    An Indian 2nd Lieutant FULL MEMBER

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    No I think this is fake news. While they might do a false flag, they won't at least kill the children of their own people. Even if they had WANTED to do something like this, they would have attacked a school that didn't have Army children. This was an Army School.
     
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  15. nair

    nair Die hard Romeo Staff Member ADMINISTRATOR

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    It is a propaganda piece....It was a army public school and I am sure there will be children from military families....No one would order such an attack
     
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