KARACHI: The Pakistan Navy said on Sunday at least two fishermen were dead while 10 others were missing after fishing boats capsized near the country’s southern Karachi due to heavy winds on the Arabian Sea.
Boats were knocked over near Keti Bandar, a fishing town 154 kilometers from Karachi in the Arabian Sea, on Friday night.
Strong winds in southern Sindh province also uprooted electric poles, trees and brought down walls and roofs. In the provincial capital, Karachi, at least six people died due to the extreme weather incidents.
“A total of 24 people were on board the crashed boats,” said the Pakistan Navy spokesman. “So far, 12 people have been rescued from the sea, 10 crew members are still missing and two bodies have been recovered.”
Naval officials said high-speed boats and helicopters were participating in search and rescue operations.
Earlier, on Saturday, Sindh Chief Minister Syed Murad Ali Shah said in a statement the boats had capsized east of Karachi.
According to the Pakistan Meteorological Department, the country’s coast will continue to face extreme weather at least until Jan. 27.
KARACHI: When Parveen Sheikh last month revealed plans to contest local elections from her impoverished neighborhood of Saleemabad in southern Pakistan, most people in her family and larger community opposed the idea, and many even ridiculed her.
What chance, they said, did a poor woman have in elections in an area where female candidates were a rarity and few women went out to vote?
The mother of six, however, traveled alone on May 15 to the election office in her hometown of Khairpur and submitted nomination papers as an independent candidate for a municipal committee seat.
On June 26, she surprised her community once again when she bagged a clean victory over her rival, a candidate of the Pakistan People’s Party (PPP), the ruling party of Sindh. Sheikh got 430 votes while the runner-up, Manthar Sheikh, got 190.
Around 24,500 candidates contested the June 26 elections for 7,164 local body seats in 14 districts of Sindh.
“I showed resilience, asked no one and just submitted my [nomination] forms,” Sheikh told Arab News in a phone interview.
The newly elected councilor had the support of another woman, Shehnaz Sheikh, under whose mentorship Sheikh had been working on small community welfare projects for the last three years.
“Madam Shehnaz told me, ‘If you want to contest, then stand firm’. She raised my morale and encouraged me,” Sheikh said of her mentor, who financially supports poor laborers in arranging the weddings of their daughters, helps them start small businesses and installs water supply pipelines in poor communities.
It was Shehnaz who helped Sheikh design her election campaign and gather community backing.
“When I would go to my people, visit their homes, they would say ‘you’re our child. We will vote for you, no more for the feudal lords’,” Sheikh said.
Soon, her husband and brother also came out to support her “but only after they saw I was getting immense respect from the people,” Sheikh said. “Our laborers and women came to my help and did door-to-door campaigns with me as late as 2am in the night.”
Sheikh, who is the wife of a constable at the federal income tax department and the daughter of a donkey-cart vendor who sells food and toys, said her hometown had no electricity, water or sewerage system.
Resolving the problems of her impoverished community, she added, was now her top priority.
“I could not study beyond primary [5th grade], because we could not afford it. None of my nine siblings studied either,” said Sheikh, who used to sell clothes on a cart to make ends meet.
“My elder daughter, Saman Sheikh, and other children are studying because I know the importance of education. As a councilor, I will work for the education of women and provide people with drinking water.”
In a message to “electables,” or longtime politicians from the area, she said they needed to recognize that people no longer wanted to be ruled by feudal lords and it was time for them to “change their mindsets” according to the demands of the public.
“Don’t consider the poor inferior,” she said. “When you give respect to the poor, it doesn’t reduce yours but instead makes you more respectable in the eyes of the people.”
Sheikh said her victory had also proved one didn’t need support or funding from a major political party to win.
“When I won, I was crying and my father was also crying as it was unbelievable,” she said.
When asked if she had a message for other women, Sheikh said:
“The basic thing is your spirit, which must always remain high. And when the people are with you, no one can defeat you.”
ISLAMABAD: Pakistan’s finance division announced on Thursday it had increased the prices of petroleum products for the third time in a month, as the country faces double-digit inflation and the government strives to keep the economy afloat.
Pakistan’s new administration has swallowed the bitter pill of raising petroleum prices three times during the course of this month in a desperate hope to revive a stalled $6 billion loan program offered by the International Monetary Fund (IMF).
The IMF had suspended the loan facility in February after the previous administration of ousted prime minister Imran Khan went against its terms and conditions by announcing subsidies worth billions of rupees for the fuel and power sectors.
Pakistan is actively seeking external finances amid a mounting import bill since its foreign currency reserves have tumbled and its current account deficit has ballooned.
“In view of the fluctuations in petroleum prices in the international market and exchange rate variation, the Government has decided to apply petroleum levy partially and revise the existing prices of petroleum products,” the finance division said in a press release.
It further noted the price of petrol had been increased by Rs14.85 per liter, high-speed diesel by Rs13.23 per liter, kerosene by Rs18.83 per liter, and light diesel oil by Rs18.68 per liter.
The finance division said the new prices of petroleum products would be in place from July 1.
After the latest hike, the price of petrol in Pakistan has surged to Rs248.74 per liter, high-speed diesel to Rs276.54 per liter, kerosene to Rs230.26per liter and light diesel oil to Rs226.15 per liter.
ISLAMABAD: International football governing body FIFA announced on Thursday it had lifted a suspension imposed on the Pakistan Football Federation (PFF) in April 2021 due to third-party interference.
FIFA suspended the PFF last year after a dispute broke out among Pakistani football officials that was later resolved by the country’s top court whose decision was not recognized by the international body.
A group of local officials took over the PFF headquarters in Lahore by force in March 2021, sidelining the FIFA-recognized normalization committee (NC) while blaming it for not holding the federation’s elections in a long time.
FIFA barred Pakistan from participating in international competitions soon after the development, though it has now reversed its decision.
“The decision [to lift the suspension] was taken after FIFA received confirmation that the normalization committee of the PFF had regained full control of the PFF’s premises and was in a position to manage its finances,” its statement said.
FIFA informed it had warned the PFF that “undue interference in its affairs or action that could hinder the fulfilment of the mandate of the normalization committee” might lead to Pakistan being suspended again or result in further sanctions provided in the FIFA statute.
It added since the normalization committee could not realistically fulfill its original mandate until June 30, 2022, its tenure had been extended to June 30, 2023.
“This will enable [the committee] to finally carry out the tasks assigned to it in full,” the statement noted.
ISLAMABAD: The government has decided to form a commission to probe the handling of Pakistan’s fuel and power sectors by the previous administration of ousted prime minister Imran Khan, as it blames the current energy crisis in the country on some of the decisions taken in the last four years.
The announcement to establish the commission was made by Shahid Khaqan Abbasi, a senior member of the ruling Pakistan Muslim League-Nawaz (PML-N) party, during a joint press conference with federal minister for planning and development Ahsan Iqbal.
Pakistan has been witnessing frequent and prolonged power outages amid a rising domestic demand for electricity and as hiked fuel prices in the international market have made low-cost power generation difficult for the country.
Pakistan has slashed fuel subsidies for a third time in a month in a bid to control the fiscal deficit and secure International Monetary Fund (IMF) bailout money.
Ousted Prime Minister Imran Khan had given the subsidy in his last days in power to cool down public sentiment in the face of double-digit inflation, a move the IMF said deviated from the terms of the 2019 deal.
“The prime minister [Shehbaz Sharif] has decided to form a commission that will objectively look into the losses incurred in the fuel and power sectors in the last four years and present a report to the people of Pakistan so they become aware of these developments and understand why electricity and gas have become more expensive in the country and who are the individuals responsible for it,” Abbasi said.
“It has also been decided that the commission’s proceedings will be open to the media and the public,” he added.
The PML-N leader said the previous government had “destroyed” the energy sector of the country.
He also said its policies had led to the depletion of Pakistan’s foreign currency reserves, added to its circular debt and increased economic woes.
The planning minister blamed Khan and his cabinet members for not making long term fuel procurement contracts on cheaper rates in time.
Pakistan's monthly fuel oil imports are set to hit a four-year high in June, latest Refinitiv data shows, as the country struggles to buy liquefied natural gas (LNG) for power generation amid a heatwave that is driving demand.
Pakistan had cut fuel oil imports since the second half of 2018 as LNG prices were low, but it had to at times switch back to oil since July 2021 because of sky-high LNG prices.
The country's fuel oil imports could climb to about 700,000 tonnes this month, after hitting 630,000 tonnes in May, according to Refinitiv estimates. Imports last peaked at 680,000 tonnes in May 2018 and 741,000 tonnes in June 2017.
KARACHI: Pakistan’s rupee continued to gain against the US dollar on Thursday, appreciating by 0.13% as the market reacted to “positive vibes” from the International Monetary Fund (IMF) and increase in forex reserves in the wake of the inflows from China, currency dealers and analysts said.
The rupee increased in value against the dollar by Rs0.27 before closing at Rs204.85 in the interbank market.
Pakistan’s national currency has taken a battering during the outgoing fiscal year 2021-22, losing its value by a whopping 30% and touching an all-time low of Rs211.93 against the US dollar on June 22, according to the central bank’s data.
Pakistan’s fast-depleting foreign exchange reserves, a huge import bill and delay in the revival of a $6 billion loan from the IMF have caused the rupee to rapidly depreciate over the past few weeks.
On Tuesday, Pakistan received a Memorandum of Economic and Financial Policies (MEFP) from the IMF for the combined 7th and 8th reviews, the development being considered an important one for the resumption of the loan facility.
“Since positive vibes are coming from the IMF front, the rupee is constantly gaining value against the dollar,” Zafar Paracha, senior currency analyst, told Arab News.
“Today, it was trading at Rs203.50 and was expected to close at Rs203,” he continued. “However, the demand pushed the value of the rupee toward the lower side by the end of the day.”
Paracha said after the recent development on the IMF front, the business sentiment had changed and a downward trend in the value of dollar had been observed in the market.
“Besides, exporters are also selling their dollars in the market while importers are holding back due to currency fluctuations,” he noted, explaining that the demand for the dollar was slow and the supply was high, which was causing the rupee to appreciate.
Pakistan’s foreign exchange reserves increased last week when China deposited RMB15 billion (roughly $2.3 billion) into Pakistan’s central bank, a few days after some Chinese banks signed a loan agreement with Pakistan.
Inflows from China and progress in Islamabad’s talks with the IMF had caused the rupee to gain strength, currency dealers said.
“The government has played a key role in its talks with the IMF and it is expected that the authorities will sign an agreement with the fund in July 2022,” Malik Bostan, president of the Forex Association of Pakistan, told Arab News, adding that inflows of $2.3 billion from China had also contributed to the appreciation of the Pakistani rupee.
Bostan said reports of former finance minister Ishaq Dar’s arrival in Pakistan next month had also changed the market sentiment and induced exporters to sell their dollars.
“Dar is known for keeping the dollar in check, so exporters have started selling their dollar holdings,” he added. “Due to this, dollar sales have increased by around 30%.”
Dealers and analysts said the country was expected to receive financial support from friendly countries such as Saudi Arabia and other donors after the completion of the IMF review.
However, they warned against political uncertainty in the country and its adverse impact on Pakistan’s economy and currency.