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Pakistan

Neither Tareen nor Shehbaz, only Imran

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Jahangir Khan Tareen’s group’s ‘rebellion’ has both perplexed and encouraged the opposition. They are encouraged because the grouping within the PTI that was much talked about is now out in the open. What the combined might of the PDM could not do, this group might just be able to accomplish.

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But the opposition is vexed too. If this group fails, Imran Khan may become more powerful. The failure of the JKT gang would lead to nipping in the bud of every future rebel.

Much is being speculated about, especially the alleged contacts established between the JKT group and the two main opposition parties, PML-N and PPP. Rumors say that a meeting between Shehbaz Sharif and Tareen is imminent. The chances of such a meeting are quite dim. Not only is Jahangir Tareen an astute politician but he is also a smart businessman. He takes only calculated steps. Already, the party Chairman, Imran Khan, views the formation of this group as a challenge to his authority. They are skimming the border on the red area. Any future miscalculation could see them outside the party instead of being inside it.

And if by chance such a meeting does happen, then it will potentially have more negative political consequences than positive ones. Imran Khan will have the chance to make his narrative stronger. As is usual for him, he will term this the unity of corrupts. He once again repeated in Peshawar that he will not give an NRO, a hint to the group.

The formation of the JKT group did not happen without reason. The group has three main grievances. The foremost one is that the Prime Minister is surrounded by the ‘Karachi Group’ of his party, who are behind the cases against Tareen. Under Asad Umar’s leadership, the group has become stronger and lobbies for its own causes in the PM office. The second reason is that the group, comprised mainly of members from South Punjab, is not happy with Shah Mahmud Qureshi’s behavior. The Foreign minister and Tareen have a long history of enemity. Qureshi is still unable to forget his defeat at the hands of Salman Naeem in his home constituency. He also benefitted the most from Tareen’s disqualification at the hands of the Supreme Court. Today, although his influence within the government has increased, in his home region of South Punjab, his influence is waning while Tareen’s is getting stronger by the day.

The third and most important grievance is about Punjab Chief Minister, Sardar Usman Buzdar. For those in the know, it is common knowledge that Imran Khan is the de facto Chief Minister of Punjab. Buzdar and Khan are one and the same. Chief Minister hopefuls have raised the rumors multiple times that Buzdar is on his way out. A section of media was also recruited to play up the impression that Buzdar did not deserve the seat given to him. Tareen group knows all of this, yet its target is clear. But silence from the establishment seems to have given the group a hint; proceed at your own cost.

Displaying uncharacteristic political wisdom, the government has decided to give the Tareen group a way out. Once Usman Buzdar addresses the complaints of the group, the forward block will hold far less threat. The situation will shift back towards normalcy although differences will remain. As for those people who were hoping for Chaudhary Nisar or Shehbaz Sharif to take advantage of the situation, I ask, why would Tareen do all the hard work only for the fruit to fall into PML-N’s lap?

And now for the important question, how will the budget be passed through the assembly? Exactly in the same way as it has been since the previous two years. The Tareen group will give their vote, and PML-N will become a silent spectator. Shehbaz Sharif will pay the price for another two years for a shot in 2023. After all, the same page story hasn’t changed much yet.

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Business

GDP growth likely to remain between 2-3pc: SBP

According to the SBP, the GDP growth rate is expected to be between two to three percent, with the key driver being Pakistan's agriculture sector

Published by Noor Fatima

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Islamabad: The generation of the Special Investment Facility Council (SIFC) has made major efforts at the policy level to steer the economy of Pakistan on the right track, the fruits of which are coming in the form of improvement in the economy.

According to the recent reports of the Asian Development Bank (ADP), State Bank of Pakistan (SBP) and the Bureau of Statistics Pakistan, Pakistan's economy has been moving in the right direction in the last nine months.

Compared to 2023, the economic situation of Pakistan has been better this year, but the inflation has not really decreased, the main reason for which is said to be poor policies of the past and sudden disasters.

According to the ADP, the stability of the value of the Pakistani rupee against the dollar and the upward trend in the Pakistan Stock Exchange were observed.

According to the SBP, the Gross Domestic Product (GDP) growth rate is expected to be between two to three percent, with the key driver being Pakistan's agriculture sector.

The State Bank of Pakistan also stated that during the fiscal year 2024, the growth rate of the agricultural sector was more than 7% due to the increase in wheat, rice, corn, and cotton crops.

Due to the increase in remittances of Pakistanis abroad, the current account has increased by 619 million dollars. Overall, the current account deficit has decreased by 87.5% to 0.5 billion dollars during the fiscal year 2024 compared to last year.

A narrowing of the current account deficit helped the State Bank to maintain foreign exchange reserves of $8 billion despite a $1 billion Eurobond repayment.

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Technology

AI could risk 17pc of jobs in Saudi Arabia: experts

Director of the Middle East affairs of a global consultancy firm, said that considering the future changing conditions, it can be said that 17% of jobs in the Kingdom will be replaced by AI within three years

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Riyadh: International consultants said that Artificial Intelligence (AT) could affect 17% of jobs in Saudi Arabia in the next three years.

According to Arab media, Najla Najam, professional business manager of an American consulting business company, stated that AI is expected not only to change the way people work, but it is also possible that it will replace people.

The experts suggested that 80% of jobs related to creative work can be affected by artificial intelligence, while 53% of executive positions are at risk from AI. An increase is also expected in the manufacturing sector by 10 to 30 percent over the next three years with the help of AI.

The study revealed that employees in the Middle East are more involved in productivity issues than in other countries, but it is also expected that organizations will train their employees to adapt them to the demands of the new era.

A large number of those affected by artificial intelligence will be people from the 90s to the 21st century whose jobs may be at risk.

Oliver, director of the Middle East affairs of a global consultancy firm, said that considering the future changing conditions, it can be said that 17% of jobs in the Kingdom will be replaced by artificial intelligence within three years.

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Pakistan

Int’l community hold India accountable for espionage in countries: FO

The spokesperson urges the United Nations Security Council to impose immediate and permanent ceasefire in Gaza

Published by Faisal Ali Ghumman

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Islamabad: Pakistan on Thursday urged the international community to hold India accountable for espionage in foreign countries that is in violation international law.

The call was made by Foreign Office Spokesperson Mumtaz Zahra Baloch while responding to questions at her weekly news briefing in Islamabad today.

The spokesperson said India's expanding spies’ network is a matter of concern for international community. She said Pakistan has already presented concrete evidence of involvement of Indian agents in terror attacks inside Pakistan.

These are illegal acts in violation of international law and against the basic precepts of justice and due process. Replying another question, the Spokesperson said Pakistan urges India to ensure peace along the Line of Control and desist from taking any action that may contribute to difficulties.                                             

To a question regarding Pak-Iran bilateral ties, Mumtaz Zahra Baloch said Pakistan will continue to strengthen cooperation with Iran and the two countries have mechanisms to discuss counter-terrorism and security matters to ensure peace along Pak-Iran border.

On Indian Illegally Occupied Jammu and Kashmir, the spokesperson said Indian brutalities could never quell the Kashmiri people's struggle and passion for freedom and India's illegal ceasing of their properties is also destined to meet similar failure.                                     

About the Gaza situation, the spokesperson reiterated Pakistan's support to the Palestinian people and urged the United Nations Security Council to impose immediate and permanent ceasefire in Gaza.

She said Israeli actions are in breach of international law and undermine prospects for a two-state solution to the conflict. She said Pakistan is deeply concerned over Israel's bellicose statements regarding Rafah and that any assault on Rafah would be unacceptable.

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