Arab coalition targets air sites in Yemen’s Sanaa

A picture taken on Nov. 14, 2021, shows UNESCO-listed buildings in the old city of the Yemeni capital Sanaa. (AFP)
Short Url
Updated 03 December 2021
Follow

Arab coalition targets air sites in Yemen’s Sanaa

RIYADH: The Arab coalition said on Thursday it carried out strikes on a legitimate air target in Sanaa, targeting a site of specific weapons that were transferred from Sanaa airport.
The coalition said the military strike in Sanaa was in accordance with humanitarian law and its rules, state TV reported.
Earlier on Thursday, the coalition said it carried out nine operations against militia targets in Marib in the past 24 hours, killing 45 fighters and destroying six military vehicles


Service Long March Tyres to invest Rs300 billion in Pakistan

Updated 25 min 2 sec ago
Follow

Service Long March Tyres to invest Rs300 billion in Pakistan

  • The development came during Group Chairman Jin Yongsheng’s meeting with PM Shehbaz Sharif in Lahore
  • Jin lauded the government’s investment-friendly policies and appreciated the measures to prevent smuggling

LAHORE: Service Long March Tyres has decided to invest an additional Rs300 billion in Pakistan that will help create new job opportunities and increase its exports, Pakistani state media reported on Friday.

The development came during Service Long March Tyres Chairman Jin Yongsheng’s meeting with Prime Minister Shehbaz Sharif in the eastern city of Lahore.

Jin lauded the government’s investment-friendly policies and appreciated the measures to prevent smuggling, the state-run APP news agency reported.

“Jin Yongsheng said that the new investment would help produce 1000 new jobs whereas the company’s exports from Pakistan might also reach $100 million annually by 2025,” the report read.

Pakistan, which narrowly averted a default last year thanks to $3 billion International Monetary Fund (IMF) bailout, is currently looking to attract foreign investment to support its fragile, $350 billion economy.

Over the last one year, the South Asian country has signed investment deals worth billions of dollars with friendly countries.

During Friday’s meeting, PM Sharif welcomed the decision of Service Long March Tyres Group to expand its operations in Pakistan, maintaining his government was taking measures on priority to boost investment in the country.

“A comprehensive framework was being shaped up to further facilitate the business community and the investors,” Sharif was quoted as saying.


More than 3,400 Pakistani Hajj pilgrims arrive in Madinah via 15 flights

Updated 11 May 2024
Follow

More than 3,400 Pakistani Hajj pilgrims arrive in Madinah via 15 flights

  • Pakistan on Thursday launched its pre-Hajj flight operation which will continue till June 9
  • Out of all, seven flights were operated from Islamabad, Karachi under Makkah Route initiative

ISLAMABAD: More than 3,400 Pakistani Hajj pilgrims have arrived in Madinah via 15 flights during the first two days of the country’s pre-Hajj flight operation, Pakistani state media reported on Friday.

Out of these, seven flights were operated from Islamabad and Karachi under the Makkah Route project, an initiative of the Saudi government to streamline the immigration process for pilgrims.

Currently, only Islamabad and Karachi airports in Pakistan are functioning under the initiative to facilitate pilgrims during the Hajj days.

“Filled with excitement and devotion, the pilgrims, who have been preparing for this moment for years, stepped foot in the Prophet’s (SAW) city, marking the beginning of the Hajj season,” the state-run APP news agency reported.

“Approximately three million pilgrims from around the world, including 179,210 Pakistanis, will converge on the holy cities to perform the sacred Hajj.”

From the airport, the passengers were transported to residential buildings located in Markazia, some 20-minute away from the Prophet’s Mosque.

Hajj is one of the five pillars of Islam, and requires every adult Muslim to undertake the journey to the holy Islamic sites in Makkah at least once in their lifetime, if they are financially and physically able.

Pakistan has a Hajj quota of 179,210 pilgrims this year, according to the Pakistani religious affairs ministry. Of them, 63,805 pilgrims will be performing the pilgrimage under the government scheme, while the rest would be accommodated by private tour operators.

Pakistan began its pre-Hajj flight operation on May 9, which will continue till June 9. This year’s pilgrimage is expected to run from June 14 till June 19.


Pakistan signs contract with consulting giant McKinsey in push to digitize tax collection system 

Updated 11 May 2024
Follow

Pakistan signs contract with consulting giant McKinsey in push to digitize tax collection system 

  • IMF-led structural reforms require Pakistan to raise tax to GDP ratio from around 9 percent to 13 percent-14 percent
  • Global lender wants Pakistan to broaden its existing tax base and improve tax administration

KARACHI: Pakistan signed an agreement with McKinsey and Company on Friday for the digitalization of its tax system, the finance ministry said, as the South Asian nation strives to deliver reforms amid talks with the International Monetary Fund for a new bailout loan.

Among reforms the IMF will likely push for a new package, like the last two packages, are strengthening public finances including through gradual fiscal consolidation, broadening the existing tax base, improving tax administration, and debt sustainability.

In a media brief in December 2023, Pakistan’s main tax collection agency, the Federal Board of Revenue (FBR), said the country had a “very narrow tax base” of around 5.2 million people in 2022, out of a population of 240 million people. The FBR said it plans to add 1.5 million new taxpayers to the existing base during the current fiscal year.

A high-level meeting was held at the FBR headquarters on Friday, following the signing of the contract with the global consulting firm, McKinsey and Company. The meeting was attended by officials from the ministry of finance, FBR, McKinsey and Karandaaz, a not-for-profit company promoting access to finance for small and medium sized enterprises and financial inclusion for individuals.

“The digitalization of the tax system is a pivotal step toward modernizing tax collection which will enhance transparency and revenue growth,” the finance division said in a statement.

“Digital transformation is a key priority for the government, and this collaboration [with McKinsey] underscores the government’s commitment to improving tax collection for promoting sustained economic growth. We look forward to seeing the positive impact of this initiative on Pakistan’s economy,” Finance Minister Muhammad Aurangzeb was quoted as saying in the statement. 

FBR Chairman Malik Amjed Zubair Tiwana said FBR was committed to enhancing revenue collection by leveraging technology to modernize its operations.

“This project [with McKinsey] is a significant step toward achieving FBR’s goals of transparency and efficiency to better serve the people of Pakistan,” Tiwana added. 

With a chronic balance of payment crisis, Pakistan needs $24 billion in payments for debt and interest servicing in the next fiscal year starting July 1 — three times more than its central bank’s foreign currency reserves.

The South Asian nation is seeking yet another long-term, larger IMF loan, with finance minister Aurangzeb saying Islamabad could secure a staff-level agreement on the new program by early July.

If successful, this would be the 25th IMF bailout for Pakistan.

The IMF-led structural reforms require Pakistan to raise its tax to GDP ratio, stop losses in state-owned enterprise and manage its energy sector losses which run into trillions of rupees. 

Pakistan’s finance ministry expects the economy to grow by 2.6 percent in the current fiscal year ending June, while average inflation is projected to stand at 24 percent, down from 29.2 percent in fiscal year 2023/2024.

Inflation soared to a record high of 38 percent last May but eased to 17.3 percent this April after staying above 20 percent for almost two years


Djokovic bottle strike overshadows his Rome Open cruise past Moutet

Updated 11 May 2024
Follow

Djokovic bottle strike overshadows his Rome Open cruise past Moutet

  • Should Djokovic be OK as the FITP said, he will face Chile’s Alejandro Tabilo in the third round with a great chance to add to his array of titles at the Foro Italico
  • One of Djokovic’s potential threats, third seed Alexander Zverev, breezed into the third round with a 6-0, 6-4 win over Australia’s Aleksandar Vukic

ROME: Novak Djokovic’s fast start at the Rome Open was overshadowed on Friday after the tennis icon was struck with a hard plastic water bottle while greeting fans following his 6-3, 6-1 win over France’s Corentin Moutet.

World No. 1 Djokovic was left crouched on the ground in agony as the bottle hit him on the back of the head as he was signing autographs while he exited the center court at the Foro Italico.

Djokovic was then led from the arena on foot by security staff who covered the 24-time Grand Slam winner while he made his way into the bowels of the stands.

The ATP did not respond to AFP’s request for an update on Djokovic’s condition, only announcing that he would not speak to the media on Friday evening.

However, a spokesman for the Italian Tennis Federation (FITP) said that Djokovic had been taken back to his hotel with a lightly bleeding head and that there is no risk that he will withdraw from the tournament.

The spokesman said that Djokovic did not need stitches and that the bottle likely fell while a fan tried to get the player’s attention, adding that security camera footage is being consulted to help identify the culprit.

“His condition is not a cause for concern,” said organizers in a short statement before then sending media a video in which it appears that the bottle accidentally slipped from a spectator’s grasp before landing on Djokovic’s head.

Djokovic retiring would be a disaster for organizers of the last major tournament before the French Open as it is already missing two of its biggest stars with Italian world No. 2 Jannik Sinner and third-ranked Carlos Alcaraz both withdrawing from the men’s draw before the start.

Home fans have also been deprived of cheering on Matteo Berrettini and Lorenzo Musetti who both pulled out, Musetti while losing to France’s Terence Atmane on Friday morning.

Should Djokovic be OK as the FITP said, he will face Chile’s Alejandro Tabilo in the third round with a great chance to add to his array of titles at the Foro Italico, where only Rafael Nadal has won more with 10.

The Serbian has made no secret in the past that he loves playing in Italy and with a clutch of big names either out injured or struggling he will fancy his chances of a record-extending 41st Masters 1000 crown.

One of Djokovic’s potential threats, third seed Alexander Zverev, breezed into the third round with a 6-0, 6-4 win over Australia’s Aleksandar Vukic.

Both Casper Ruud and Zverev were put on Djokovic’s side of the draw and German Zverev could face the tournament favorite in the last four.

“I know I’m the sort of player who can lose to anyone, I’ve unfortunately done that in the past but I also know that I’m a player that once I do find my rhythm I can beat anyone and I hope this can be the week where I find it,” said Zverev after his win.

Ons Jabeur’s tough 2024 continued after being dumped out of the women’s tournament in the second round by Sofia Kenin 7-5, 2-6, 6-4.

World No. 9 Jabeur was beaten by unseeded American Kenin in a gruelling match which lasted two hours and 17 minutes in the hot Rome sunshine.

Tunisia’s Jabeur, who in 2022 became the first Arab player to win a WTA 1000 title, looked to be on the right track after reaching the quarterfinals in Madrid.

But she slumped to a poor defeat on Friday, continuing a dreadful season so far in which the 29-year-old has had to deal with a chronic knee injury resurfacing.

Jabeur has a losing record for the year, a far cry from the woman who looked like she had the world at her feet ahead of last year’s Wimbledon final, which she lost in straight sets to unfancied Marketa Vondrousova after blasting through a series of Grand Slam champions.


Balbirnie leads Ireland to T20 win over Pakistan

Updated 11 May 2024
Follow

Balbirnie leads Ireland to T20 win over Pakistan

  • The opener’s innings was pivotal as Ireland reached a target of 183 with a ball to spare
  • It was Ireland’s second win against Pakistan since their shock triumph at 2007 World Cup

DUBLIN: Andrew Balbirnie’s 77 helped guide Ireland to their first victory over Pakistan in 17 years as they won the opening Twenty20 international by five wickets in Dublin on Friday.

The opener’s innings was pivotal as Ireland reached a target of 183 with a ball to spare.

Victory gave Ireland a 1-0 lead in a three-match series against a Pakistan side they will also face in the group stage of next month’s T20 World Cup in the United States and the West Indies.

It was just Ireland’s second win against Pakistan following their shock triumph at the 2007 50-over World Cup.

Pakistan skipper and star batsman Babar Azam top-scored for the tourists on Friday with 57 in a total of 182-6 that also featured Saim Ayub’s 45.

“I didn’t watch the last over. (I) went to the tent and put a towel over my head,” said Balbirnie, who shared a third-wicket stand of 77 with Harry Tector, at the presentation ceremony.

“I felt it was my job to get the team over the line... Harry said if we could bat normally till the 13th over, we could get the runs. That was a partnership which set it up.”

Azam, meanwhile, absolved his bowlers of blame for the defeat.

“I think 190 would have been a par score,” he said.

“We lost in the fielding and batting. (I) don’t think we executed the plans. Few fielding lapses cost us.

“We attacked in the first six overs but didn’t finish well.”

Ireland needed 40 to win from the last four overs, with Abbas Afridi dismissing George Dockrell for 24.

Next over, with Ireland requiring another 28 from 17 balls, Shadab Khan gave Balbirnie a reprieve by failing to hold a tough chance.

Come the penultimate over, Ireland’s target was down to 19.

But Pakistan quick Shaheen Shah Afridi bowled Balbirnie with a low full toss to end the opener’s impressive 55-ball innings, which featured 10 fours and two sixes.

With Ireland needing 11 off the last over, Curtis Campher under-edged a boundary off Abbas and eventually sealed victory with a leg bye.

The teams meet again in Dublin on Sunday and Tuesday.