Connect with us

Politics

Akhtar Mengal warns of parting ways with coalition govt over Foreign Investment Act

Published

on

  • Possibility of separation if concerns regarding bill not addressed: Mengal.
  • He says govt takes investors into confidence rather than parliament.
  • JUI-F’s senator says has been passed forcefully and with deceit.

Balochistan National Party-Mengal (BNP-M) Chairman Akhtar Mengal has signalled that he may separate his party from the incumbent PML-N-led government at the centre, Geo News reported Tuesday.

Speaking during a Geo News programme “Capital Talk”, Mengal showed reservations about the Foreign Investment (Promotion and Protection) Act, 2022 to promote and protect foreign investment in relation to the Reko Diq project.

Mengal, whose party is one of the allies of the coalition government, said that there is a possibility of separation if concerns regarding the bill are not addressed.

The BNP-M leader said that the coalition government, instead of taking allies into confidence, takes investors into confidence. “More importance is given to the companies instead of the parliament. We will have to think about the basis of our unity,” he added.

Expressing his displeasure, Mengal said that a CEO of a company is respected more than the allies. He added that his province was “looted” by everyone. “The resources change people’s lives, but it is Balochistan’s misfortune that the way the resources were discovered there, they became a disaster for the people,” he added.

During the programme, another ally of the government Jamaat-e-Islami-Fazl’s (JUI-F) Senator Kamran Murtaza said that the Foreign Investment Bill has been passed forcefully and with deceit which is a threat to Pakistan. 

Senate okays Foreign Investment Bill

The upper house of parliament on December 12 approved the Foreign Investment (Promotion and Protection) Bill, 2022 in the midst of protests by opposition benches.

In light of the approval, the Pakistan government would sign the deal on December 15.  

President Arif Alvi also signed the Foreign Investment Promotion and Protection Bill 2022 on Tuesday turning it into an act. The law, which was already passed by two houses of parliament on Monday, is aimed at giving protection to foreign investments in the country. 

The statement from the Prime Minister’s House said the Ministry of Petroleum and other concerned ministries were also directed to go ahead with signing the Reko Diq deal on December 15. 

“The federal cabinet asked secretary/additional secretary petroleum under Rules of Business 1973 to sign the deal on behalf of the Pakistan government,” the cabinet decided. The statement said that the cabinet was apprised that a Presidential Reference under Article 186 was filed to secure legal opinion and the Supreme Court on December 9, 2022 declared that process of reorganisation of the Reko Diq project funding plan was transparent. The apex court also observed that the agreements which are being signed in this connection are also as per law.

The cabinet was also informed that it was decided with the coalition that legislation made in parliament was confined only to the Reko Diq deal. The meeting also okayed the regulatory framework for the Reko Diq Project Company.

The meeting also constituted a five-member committee, which would meet leaders of the coalition parties to remove their reservations. It was also decided certain amendments would also be made in consultation with stakeholders.

The five-member committee comprises Law Minister Azam Nazeer Tarar, Finance Minister Senator Ishaq Dar, Minister for Trade Syed Naveed Qamar and Minister for Economic Affairs Sardar Ayaz Sadiq.

In case the agreement is not signed by December 15, Pakistan would have to pay four million dollars per day as interest on the 5.9 billion dollars penalty imposed by the International Center for Settlement of Investment Disputes on July 12, 2019.

Politics

Imran Khan’s aide kickstarts PTI funding campaign in Europe

Published

on

By

LONDON: Pakistan Tehreek-e-Insaf (PTI) leader Zulfi Bukhari has kickstarted a mass mobilisation and fundraising campaign for the party in the United Kingdom and Europe.

Addressing a workers’ convention in High Wycombe in London along with Sahibzada Jahangir, one of the founders of PTI, Zulfi said that the mass mobilisation and fundraising has been started for the elections scheduled for February next year.

“We will take part in elections at any cost. We need funds and effort from the overseas regions. The party needs funds for its legal challenges as well for the election campaign,” he said.

Zulfi said the entire leadership is prepared for the elections and will not be deterred by the arrest threats.

The former cabinet member said he will be going to Pakistan himself as soon as the party leadership directs him, adding that he was prepared to go to jail.

However, it is unlikely that Zulfi will be travelling to Pakistan anytime soon as the caretaker govt has requested Interpol for his arrest. He was in Dubai when the Interpol request was made, he left UAE and since then has not travelled outside London.

Zulfi said he will be personally visiting cities in the United Kingdom and Europe to raise funds.

The PTI leader revealed that the campaign in the UK is scheduled to start shortly and arrangements are in place. He said the PTI Core Committee was meeting daily to discuss affairs of the party to formulate strategies on a daily basis.

Zulfi Bukhari has so far stayed away from PTI UK events but his decision to take part in mobilisation suggests he has been asked by the leadership in Pakistan to engage with the local chapter.

Two weeks ago, he told an audience at the University of London that making Usman Buzdar Punjab’s chief minister was a mistake but Imran Khan did the right thing by not sacking him.

Continue Reading

Politics

Bannu Cantonment Board CEO Bilal Pasha ‘commits suicide’

Published

on

By

  • Police say Bilal Pasha was suffering from mental stress.
  • Police say they found his body at his residence. 
  • Inquiry launched into incident to find cause of death. 

BANNU: Bannu Cantonment Board chief executive officer Bilal Pasha has allegedly committed suicide by shooting himself, the police said on Tuesday. 

According to Deputy Superintendent of Police (DSP) Cantt Azmat Khan, Pasha was suffering from mental stress for several days which led to his suicide. 

The police said that they found Pasha’s body covered in blood inside his residence where he shot himself. They added that his body had been moved to the District Headquarters Hospital, Bannu.

According to a media report, the police have launched an inquiry into the incident to find whether Pasha committed suicide or was murdered. They also said that he had a bullet wound in his head. 

Following the funeral prayers, which were held at the premises of the cantonment board, the body was sent to Pasha’s hometown Khanewal for burial. 

The news of Pasha’s death, who was a distinguished CSS officer, spread across social media which left everyone in shock. Several reports had also claimed that the CEO had died of a cardiac arrest.  

People across social media demanded an investigation into the matter, saying that the police should find out whether it was a suicide or someone murdered him. 

Bilal belonged to Punjab and began his primary education in a mosque-established school. He then studied at Emerson College Multan and graduated in Agriculture from the University of Faisalabad. 

He also secured 47th rank in the CSS examination. 

Continue Reading

Politics

Arrest Marriyum Aurangzeb and present in court on Dec 9: Lahore ATC

Published

on

By

  • ATC Judge Abher Gul Khan directs SHO to execute orders. 
  • Arrest orders issued for non-appearance in court. 
  • Aurangzeb accused of making hate speech against Imran Khan. 

LAHORE: An Anti-Terrorism Court (ATC) in Lahore on Monday directed the police to arrest Pakistan Muslim League-Nawaz (PML-N) leader Marriyum Aurangzeb in a hate speech case and produce her in court on December 9.

The orders were issued by ATC Judge Abher Gul Khan who directed the station house officer (SHO) concerned to execute the arrest warrants of Aurangzeb.  

The non-bailable arrest warrant was issued against the former information minister for not appearing before the court.

A terrorism case has been registered against Aurangzeb, Mian Javed Latif, state-run Pakistan Television’s Managing Director Sohail Khan and others for allegedly trying to incite hatred by using the religion card against Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan.

Latif and Aurangzeb were accused of making controversial remarks at the behest of their party leadership in order to spread religious hatred against the former prime minister.

In the previous hearing, the ATC judge cancelled the non-bailable arrest warrant against Latif after he appeared before the court.

Advocate Farhad Ali Shah representing Javed Latif and Marriyum Aurangzeb appeared before the court.

During the hearing, Judge Khan inquired about the whereabouts of the PML-N leaders and was informed that Latif had appeared while Aurangzeb had not.

Consequently, the judge issued a non-bailable arrest warrant for the former information minister and directed all suspects named in the case to appear before the court on December 9.

The issuance of the warrant came after the political leaders’ initial failure to appear in court. The judge set December 9 as the deadline for the prosecution to respond to the former information minister’s application seeking acquittal.

In her plea, Aurangzeb asserted that she played no role in the alleged incitement through her speeches in talk shows. She distanced herself from any claims made against her during these shows emphasising her innocence and requesting acquittal.

Continue Reading

Trending