Proud to plant Pakistan's flag atop Mount Everest — Shehroze Kashif

Kashif raises Pakistan's flag atop Mount Everest in Nepal on May 11, 2021. (Photo courtesy: Sheroze Kashif)
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Updated 13 May 2021

Proud to plant Pakistan's flag atop Mount Everest — Shehroze Kashif

  • Shehroze Kashif, 19, on Tuesday became the youngest Pakistani to climb the world’s highest peak
  • Kashif started climbing difficult mountainous terrains when he was just 11 years old

KHAPLU, GHANCHE: Shehroze Kashif, the youngest Pakistani to summit Mount Everest, says it was his duty to plant his country’s green flag at the top of the world.

The 19-year-old from Lahore reached the peak of the world’s highest mountain located in Nepal on Tuesday, as a part of Seven Summit Treks Everest Expedition 2021.

“It’s our duty to fly our flag wherever we can, whether it’s a mountain or other place,” Kashif told Arab News over the phone from Everest base camp on Wednesday. “Wherever you can, fly your green flag high.”




In this undated photo, Shehroze Kashif, a 19-year-old climber from Lahore, is seen holding a flag of Pakistan. (Photo courtesy: Alpine Adventure Guides)

With members of his expedition, the young climber known as “The Broad Boy” after summiting 8,047-meter Broad Peak in the Karakoram two years ago, Kashif climbed Mount Everest (8,849 meters) in four days.

Having already scaled a number of tall and difficult peaks, Kashif started climbing difficult mountainous terrains when he was just 11 years old.

In his first video message after the Everest summit, he said: “Alhamdulillah, Pakistan is on Everest. Without the support from Pakistan, this project was not possible. Thanks all of you for your support. I am coming soon to Pakistan.”

He thanked his family, friends and everyone who helped him for “the love, prayers and support” he had received.

Kashif’s achievement was welcomed by Pakistanis, including President Arif Alvi who took to Twitter to congratulate him on becoming the youngest Pakistani to scale the world’s highest peak.

“We are proud of you. I remember your passionate intention to do so when you visited me in Presidency in Feb. I wish you good luck in the future, now that you have Mt Everest in the bag,” the president said.

Previously, Samina Baig was the youngest Pakistani who summited the world’s tallest peak. 

A high-altitude climber, Baig became the first Pakistani woman to climb Everest in 2013 when she was only 21 years old.
 


Individual countries deciding on vaccine acceptability for travel ‘creating chaos’ — Pakistani minister

Updated 6 min 39 sec ago

Individual countries deciding on vaccine acceptability for travel ‘creating chaos’ — Pakistani minister

  • Federal Minister for Planning Asad Umar says the health and well-being of world citizens cannot be held hostage to global geostrategic rivalries
  • Pakistan’s Foreign Minister Shah Mahmood Qureshi recently urged an international forum to abandon ‘vaccine nationalism’ and help developing nations

ISLAMABAD: Pakistan’s planning minister Asad Umar said on Thursday the decision concerning the travel suitability of various COVID-19 vaccines should be taken by relevant global institutions like the World Health Organization (WHO) instead of individual nations.
Umar, who also heads the National Command and Operations Center that oversees his country’s pandemic response, maintained in a Twitter post that the health and well-being of people across the world should not be held “hostage to global geostrategic rivalries.”
“Each country deciding which vaccine is acceptable for travel to that country is creating chaos,” he claimed.


Pakistan has heavily relied on COVID-19 vaccines prepared in China since the beginning of its immunization drive in February this year.
Many developed countries, however, have decided not to grant travel permission to people who took Chinese vaccines, asking world citizens to take Pfizer, AstraZeneca, Moderna or Johnson and Johnson instead.
Chinese President Xi Jinping recently urged the international community to abandon “vaccine nationalism” and help developing nations with post-pandemic economic recovery.
Pakistan’s foreign minister Shah Mahmood Qureshi also upheld China’s perspective on the issue while addressing the Asia and Pacific High Level Conference on Belt and Road Cooperation on Wednesday.
“Echoing the sentiments of the speakers today, let me on behalf of this distinguished forum, endorse President Xi Jinping’s declaration of making COVID-19 vaccine a global public good, dispel notions of stigmatization, and reject vaccine nationalism,” Qureshi said. “We should make collective endeavors to ensure equitable and affordable supply of vaccine to developing countries.”
There are several vaccine brands available in the international market and every country has approved some specific version of it for its citizens, leading to a question of universal acceptability and creating obstacles for those traveling to other countries.
Early this week, Pakistan signed a deal with Pfizer for an additional 1.3 million COVID-19 doses without releasing details of its agreement.
The country has so far administered over 13.8 million doses and aims to vaccinate 70 million people by next year.
In recent weeks, Pakistan has witnessed a steady decline in COVID-19 cases and its positivity ratio has also reduced significantly.
According to official data, 1,097 people tested positive for the disease and 38 deaths were reported on Wednesday.
The country has so far reported 951,865 confirmed COVID-19 cases and 22,108 fatalities since the emergence of the pandemic last year.


Peshawar Zalmi’s Ali and Asif suspended before PSL final 

Updated 19 min 26 sec ago

Peshawar Zalmi’s Ali and Asif suspended before PSL final 

  • Players breached bio-secure bubble in Abu Dhabi
  • Both cricketers have been placed in isolation 

ABU DHABI: Peshawar Zalmi batsman Haider Ali and fast bowler Umaid Asif will miss the Pakistan Super League final against the Multan Sultans on Thursday after they were suspended for breaching the bio-secure bubble in Abu Dhabi.
The Pakistan Cricket Board said the incident occurred Wednesday and the decision to suspend both players was made by the tournament’s COVID-19 management panel hours before the final.
Ali’s suspension also forced the PCB to withdraw the middle-order batsman from the tours of England and the West Indies.
“They admitted to charges of violating the health and safety protocols by meeting people from outside their designated bio-secure bubble and also failing to maintain the prescribed social distancing,” the PCB said in a statement.
Both cricketers didn’t interact with any other squad member at any time after the incident and have been placed in isolation.
Multan’s middle-order batsman Sohaib Maqsood has replaced Ali in the squad for the tours of England and the West Indies after chief selector Mohammad Wasim consulted both head coach Misbah-ul-Haq and captain Babar Azam.
Maqsood has been in prolific form in the PSL, scoring 363 runs in 11 matches at an average of 40.33 and a healthy strike rate of 153.
Maqsood has played 26 ODIs and 20 Twenty20s for Pakistan but hasn’t played an international game since his last Twenty20 against New Zealand at Hamilton in 2016. 


Pakistani nuclear scientists to get IAEA awards in September — foreign office

Updated 24 June 2021

Pakistani nuclear scientists to get IAEA awards in September — foreign office

  • Awards are in recognition of Pakistan’s advancement in nuclear technology for sustainable development
  • Pakistan has a long history of working with nuclear science

ISLAMABAD: Pakistani nuclear scientists are going to receive three awards from the International Atomic Energy Agency (IAEA) and the UN Food and Agricultural Organization (FAO) in September, the foreign office announced on Wednesday.
The IAEA and FAO’s Outstanding Achievement Award will be conferred on Pakistan’s Nuclear Institute for Agriculture and Biology (NIAB), while the Pakistan Atomic Energy Commission (PAEC) will receive Team Achievement Award and Young Scientist Award for work in plant mutation breeding.
According to a statement by the foreign office, the awards are in recognition of Pakistan’s advancement in the application of nuclear technology for the achievement of Sustainable Development Goals (SDGs), including food security. 
“The awards certificates will be presented during the IAEA’s 65th General Conference in September 2021,” the foreign office said.
Pakistan has a long history of working with nuclear science, applications and power. It was the sixth country to ratify the IAEA Statute and, in doing so, provided one of the 18 ratifications required to bring the Statute and IAEA mandate, into force.
The IAEA has been supporting the country’s efforts to train specialist staff.
In December 2019, it designated the Pakistan Institute of Engineering and Applied Sciences (PIEAS) as an IAEA Collaborating Center to support its research, development and capacity building in the application of advanced and innovative nuclear technologies.


Multan and Peshawar face off in PSL final in Abu Dhabi today

Updated 24 June 2021

Multan and Peshawar face off in PSL final in Abu Dhabi today

  • First time finalists Multan Sultans will battle experienced Peshawar Zalmi in final of sixth edition of Pakistan Super League
  • “We play an aggressive brand of cricket and believe in taking the game to the opposition,” Peshawar captain Wahab Riaz says

ISLAMABAD: First time finalists Multan Sultans will face experienced Peshawar Zalmi in the final game of the sixth edition of the Pakistan Super League Twenty20 series in Abu Dhabi today, Thursday.
This is Peshawar Zalmi’s fourth PSL final. It won the PSL champions title in 2017 and was the runner-up in the 2018 and 2019 editions. 
Peshawar Zalmi selected Arab News Pakistan as its international media partner in 2020 and extended this partnership to the 2021 edition. The series, being held in Pakistan, was suspended halfway due to the spread of COVID-19 in March but resumed this month in Abu Dhabi.
The Pakistan Cricket Board said on Wednesday the winning team would receive Rs75 million and the HBL PSL 6 trophy while the runner-up would take home Rs 30 million. 
“In the final, we would want to keep our game plan simple, and I am very hopeful that we would play with the same spirit,” Multan captain Mohammad Rizwan said. “That is all that I will ask of my players, results are in the hands of the Almighty and we will only care about giving our absolute best.”
Wahab Riaz, Peshawar Zalmi captain, said since the beginning of the HBL Pakistan Super League, “the Peshawar Zalmi side has played like a family.”
“We play an aggressive brand of cricket and believe in taking the game to the opposition,” He said. “We will play the final with the same frame of mind. Playing the fourth final for Zalmi and first as a captain is a huge honor for me and I would like to lead the team to glory tomorrow night against a formidable opponent. It should be a great occasion.”


In Pakistan’s second largest private share offering, beverage can maker raises $29 million 

Updated 24 June 2021

In Pakistan’s second largest private share offering, beverage can maker raises $29 million 

  • “This is the highest ever participation in the IPO history of Pakistan,” adviser and book runner of the issue says
  • Interloop Limited raised Rs 5.02 billion in 2019, highest ever amount raised by a private company in Pakistan’s history

KARACHI: Pakistan Aluminium Beverage Cans Ltd. (PABC), the sole can maker in the country, has raised Rs4.6 billion ($29 million) through a book building process, the second largest private share offering in Pakistan’s history, company and analysts said on Wednesday.
The Initial Public Offer (IPO) received an overwhelming response from institutional investors, high-net worth individuals, and foreign investors. The IPO oversubscribed by 3.3 times, with bids received for 233.23 million shares against the offering of 93.88 million shares, data posted on the Pakistan Stock Exchange said.
“This is the highest ever participation in the IPO history of Pakistan”, Shahid Habib, CEO of Arif Habib Limited, the Adviser and Book Runner of the Issue, told Arab News. “The company has received bids worth Rs10.8 billion against the IPO’s book-building size of Rs3.3 billion. Foreign investors also participated in the round.”
In 2019, Interloop Limited, a Faisalabad-based company that supplies products to Nike, Adidas, Puma, Levi’s and others, had raised Rs5.02 billion, the highest ever amount raised by a private company in the history of Pakistan.
PABC’s strike price clocked in at Rs49 per share, 40 percent higher than the floor price of Rs35 per share.
The funds raised through book building and the IPO will go to Ashmore, a lead investor who is exiting the company, which is divesting 26 percent stakes.
“The proceeds from offer to sale is the disinvestment of Ashmore UK, as the private equity firm is exiting from their first venture”, Azam Sakrani, the CEO of PABC, told Arab News. “PABC will now gain more growth as its corporate structure has changed, thus it will have better governance and with the expansion coming online by mid of next year, the future growth due to expansion will further strengthen the company.”
Analysts say the demand for high-worth equities remains high in Pakistan’s capital market mainly because of the availability of abundant liquidity.
“After many years, two private sector IPOs of close to Rs7 billion in a month at PSX have been conducted — that clearly indicates ample liquidity is available with local investors,” Muhammad Sohail, CEO of Topline Securities, said.
Earlier this month, Citi Pharma Limited (CPL) — the manufacturer of Paracetamol – raised Rs2.33 billion through offering 72.69 million shares.
The Faisalabad-based PABC supplies beverage cans to bottlers of all major carbonated drinks, including Pepsi Cola and Coca-Cola, in both Pakistan and Afghanistan. The company estimates holding close to 50 percent market share in the Afghanistan market where its exports constituted 35 percent of the company’s sales in 2020.
PABC has recently started supplying aluminum beverage cans to Wild Leaf Holdings in the United States and Alika LLC in Tajikistan.
With a current rated capacity of 700 million cans per annum, PABC produced and sold 444 million cans in 2020, more than the domestic demand of 275 million cans. The company aims to increase its rated capacity by almost 36 percent to 950 million cans per annum by July next year.
Saudi Arabia’s Nafcel, China’s Bao Feng and South Korea’s Novelis are among the major suppliers and vendors of raw material to PABC.