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Day: October 7, 2020

Anti-corruption team raids UC Bella Wah office, seizes record

Karachi
KARACHI:In an operation under the direction of Provincial Minister for Anti-Corruption Establishment Sindh Jam Ikramullah Dharijo, Circle Officer Naushahro Feroze Qazi Sharafuddin, along with his team, raided UC Bella Wah Taluka Bharya Padaidan and seized relevant record. The raid was carried out over alleged misappropriation of government funds, which was reported by Vice Chairman and members of UC. Civil Judge and Judicial Magistrate Muhammad Zubair were also present on the occasion. The anti-corruption team Naushahro Feroze seized the relevant record and started investigation. Minister Dharejo said that corruption is an evil to the society, so everyone must work together against it. He said that there was a need to raise awareness against corruption on a large scale and it was not...

SHC orders Sindh govt to submit reply in under trial cases

Karachi
KARACHI:Sindh High Court (SHC) on Wednesday gave the Sindh government more time to submit its reply on a plea regarding delays in under-trial cases. A two-member bench of SHC directed the provincial government to submit its response by next hearing on November 17. A state counsel appeared before the court and sought more time to comply with its order, which was granted. The petitioner stated that prisoners in multiple under-trial cases instituted before 2010 have already served half the sentences even without conclusion of their trial. He said the province’s prisons house more inmates than they are allowed to keep as per their sanctioned capacity. Earlier this year, the Ministry of Human Rights had furnished a report to the Supreme Court on the measures it had been taking to conta...

Baldia factory arson case: Conviction challenge in SHC

Karachi
KARACHI:Two MQM workers, Zubair alias Charya and Abdul Rehman alias Bhola, on Wednesday moved appeals in Sindh High Court (SHC), challenging their conviction in the high-profile Baldia factory fire case. The two convicts, who were sentenced to death by an anti-terrorism court (ATC) on September 22, filed the appeals through their lawyers, pleaded the court to strike down their conviction. The appellants stated in their pleas that the ATC ignored key evidence while deciding the case. On September 22, the ATC had convicted Bhola and Charya on eleven counts, handing each of them death sentences on two counts, life sentences on four counts, 10-year prison term on two counts as well as imprisonment of seven, three and two years on three counts. The factory’s four employees, Shahrukh, F...

Famous Chinese web novel Lord of the Mysteries a smash hit at Bangkok International Book Fair

Islamabad
Bangkok:On September 30, Bangkok International Book Fair was opened as scheduled, during which the debut of the Thai edition of Lord of the Mysteries, a web novel from China, became a highlight. The new book was officially published on October 1 by SMM PLUS, a prestigious Thai publisher with authorization from China Literature Limited, the largest original web literature platform in China. In recent years, Chinese web literature works are getting increasingly popular all over the world. Lord of the Mysteries is not only a rare novel serialized synchronously in both Chinese and English, but also a phenomenon-level IP that has broken the paid subscription record of global web novels, becoming the best web novel in the year of 2020 with hundreds of millions of readers. Featuring multi-lang...

SHC asks KMC to resolve grievances of city wardens

Karachi
Karachi:Sindh High Court (SHC) here gave the time of four weeks to Karachi Metropolitan Corporation (KMC) in contempt case regarding to a constitutional petition of city wardens. A two-member bench of SHC comprising Justice Nadeem Akhter and Justice Mehmood A Khan, heard a contempt of court petition (1788/2019) of Pasban Democratic Party against non-implementation of the verdict of the SHC of March 11, 2020 in favor of the city wardens. Khurram Lakhani Advocate submitted that the KMC officials are not fully implementing the court orders. He said once again the city wardens are not given salary of two months. Later talking to media outside the court premises, Lakhani said he is fighting the case of city warden on the instructions of Pasban Chairman Altaf Shakoor. However, the be...

SBP introduces incentive and penalty mechanism for banks to promote housing and construction financing

Karachi
Karachi:Building upon its earlier measure of setting mandatory target for banks to extend mortgage loans and financing for developers and builders, State Bank of Pakistan (SBP) has introduced a mechanism to incentivize meeting these targets. The mechanism also penalizes the banks for any shortfall in meeting the target. According to this mechanism, commencing from December 31, 2020, banks will find an incentive of maintaining reduced Cash Reserve Requirement (CRR) with SBP, in the next quarter, in case they achieve or exceed the target of financing for housing and construction of buildings set for the quarter. The amount of CRR to be maintained for the forthcoming quarter will be reduced by an amount equal to increase in housing and construction finance from 30thJune 2020 to the end of ...