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Oct
20

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The central bank pumped in Rs325.00bn into the banking system on Sept 08, in the open market operation. The injection was made in a one day contract at 5.80pc. The central bank had received bids worth Rs341.50bn.

According to the weekly statement of position of all scheduled banks for the week ended Aug 19, deposits and other accounts of all scheduled banks stood at Rs10,165.79bn after a 0.41pc fall over the preceding week’s figure of Rs10,207.59bn. Compared with last year’s corresponding figure of Rs9,020.41bn, the current week’s figure was higher by 12.70pc.

Deposits and other accounts of all commercial banks stood at Rs10,109.37bn against preceding week’s deposits of Rs10,151.25bn, showing a decrease of 0.41pc. Deposits and other accounts of specialised banks stood at Rs56.43bn, up 0.20pc against previous week’s figure of Rs56.31bn.


Bank borrowing rose by 21.43pc against the previous week


Total assets of all scheduled banks stood at Rs13,891.38bn, higher by 1.93pc over preceding week’s figure of Rs13,627.94bn. Current week’s figure is higher by 9.55pc compared to last year’s corresponding figure of Rs12,679.83bn.

Total assets of all commercial banks stood at Rs13,666.16bn, higher by 1.96pc over previous week’s figure of Rs13,403.46bn, while total assets of specialised banks at Rs225.23bn, were higher 0.33pc over the previous week’sRs224.48bn.

Gross advances of all scheduled banks stood at Rs5,040.71bn, smaller by 0.13pc over the preceding week’s figure of 5,047.52bn. Compared with last year’s corresponding figure of Rs4,566.00bn, current week’s figure is higher by 10.40pc.

Advances by all commercial banks fell to Rs4,877.07bn from previous week’s Rs4,884.05bn indicating a fall of 0.15pc, whereas advances of specialised banks stood at Rs163.63bn against previous week’s 163.47bn.

Borrowings by all scheduled banks increased in the week under review. It rose by 21.43pc to Rs1,742.68bn against previous week’s Rs1,435.13bn. Compared to last year’s corresponding figure of Rs1,696.38bn, current week’s figure is larger by 2.73pc.

Borrowings by commercial banks in the week at Rs1,665.24bn were higher by 22.58pc against previous week’s Rs1,358.52bn. Borrowings by specialised banks stood at Rs77.44bn against the previous week’s Rs76.61bn.

Investments of all scheduled banks stood at Rs7,114.16bn against preceding week’s figure of Rs6,962.69bn, showing a rise of 2.18pc. Compared to last year’s corresponding figure of Rs6,293.03bn, current week’s figure is higher by 13.05pc.

Chart by Rehan Ahmed
Chart by Rehan Ahmed

Investments by all commercial banks stood at Rs7,071.73bn, higher by 2.20pc against preceding week’s figure of Rs6,919.64bn, whereas investment by all specialised banks stood at Rs42.44bn against preceding week’s figure of Rs43.05bn.

Cash and balances with treasury banks of all scheduled banks increased over the week and stood at Rs8,26.51bn against previous week’s Rs758.18bn, showing an increase of 9.01pc. Current week’s figure increased by 13.16pc compared to last year’s corresponding figure of Rs730.38bn.

Cash and balances of all commercial banks stood at Rs823.76bn, higher by 9.12pc over previous week’s Rs754.94bn. Cash and balances of all specialised banks were smaller by 15.04pc at Rs2.75bn against the preceding week’s Rs3.24bn.

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Oct
20

Army cricket teams from different countries have arrived at Lahore to take part in the first ever Physical Agility Combat Efficiency System (PACES) competition being hosted by Pakistan Army.

Teams from Sri Lanka, England, Saudi Arabia, China and Australia will participate in the competition.

The event is being organised by Pakistan Army, which is the first-ever such competition in the world.

Commander Lahore Corps Lt-General Sadiq Ali declared the PACES Competition Open amid a colourful ceremony at the Venue which was attended by a large crowd.

All the participating teams joined a Flag March Past, followed by Army’s regimental troupes, representing all provinces of Pakistan including Gilgit Baltistan and Azad Jammun Kashmir, which presented traditional folk dances on the tune of famous regional songs and a spectacular demonstration by the Pakistan Army band, which won thunderous applauds from the audience.

People’s Liberation Army (China) and Pakistan Army dominated the opening day of the Pull-Ups contest in the First International PACES Competition-2016 that commenced at the Ayub Stadium on Tuesday.

The visiting cricket teams practised at (NCA) indoor and outdoor to prepare for the first leg of matches to be held on October 19, 21 and 22 in various grounds of Lahore. Later, the team will travel to Rawalpindi and Abbottabad to feature in the remaining matches.

On Wednesday, the participating teams will compete in 3.2-km run which will start at 9am from Askari-10 and end at the Ayub Stadium.

Players of different countries during opening ceremony of first ever Physical Agility and Combat Efficiency System competition. ─APP
Players of different countries during opening ceremony of first ever Physical Agility and Combat Efficiency System competition. ─APP
The British Army team arrives at the opening ceremony of the First International PACES Competition 2016 in Lahore. ─AFP
The British Army team arrives at the opening ceremony of the First International PACES Competition 2016 in Lahore. ─AFP
Members of the Australian army cricket team arrive for practice at the National Cricket Academy ahead of the First International PACES Competition 2016. ─AFP
Members of the Australian army cricket team arrive for practice at the National Cricket Academy ahead of the First International PACES Competition 2016. ─AFP
The Saudi Arabian Army team arrives at the opening ceremony of the First International PACES Competition 2016. ─AFP
The Saudi Arabian Army team arrives at the opening ceremony of the First International PACES Competition 2016. ─AFP
A view of the graceful opening ceremony. ─APP
A view of the graceful opening ceremony. ─APP
Corps Commander Lt. General Sadiq Ali shaking hand with players during opening ceremony. —APP
Corps Commander Lt. General Sadiq Ali shaking hand with players during opening ceremony. —APP
Members of the Australian army cricket team practice at the National Cricket Academy. ─AFP
Members of the Australian army cricket team practice at the National Cricket Academy. ─AFP
Players march-past during opening ceremony of first ever Physical Agility and Combat Efficiency System competition. ─APP
Players march-past during opening ceremony of first ever Physical Agility and Combat Efficiency System competition. ─APP
Players march-past during opening ceremony of first ever PACES competition. ─APP
Players march-past during opening ceremony of first ever PACES competition. ─APP
The Srilankan Army team arrives at the opening ceremony. ─APP
The Srilankan Army team arrives at the opening ceremony. ─APP
A view of graceful opening ceremony of first ever Physical Agility Combat Efficiency System. ─APP
A view of graceful opening ceremony of first ever Physical Agility Combat Efficiency System. ─APP
The Chinese Army team arrives at the opening ceremony. ─AFP
The Chinese Army team arrives at the opening ceremony. ─AFP

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Oct
20

One’s a Nobel laureate and the other a gamer!

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The world’s youngest Nobel Peace Prize winner Malala Yousafzai and gamer Sumail Hassan have now made it to Times’ 30 Most Influential Teens of 2016.

Sumail Hassan, now 17, won his team Evil Geniuses the Defense of the Ancient 2 (Dota 2) Asian championship in China last year when he was just 15 years old. The team bagged $1.2 million in prize money at the competition.

“Hassan has become the youngest person ever to earn $1 million playing competitive video games, making him a phenomenon in the rapidly growing world of ‘e-sports’,” states the publication’s website.

The child prodigy moved to the US in 2014 and spent some of his winnings – now at $2.3 million and counting – to buy a house for his family.

Nobel laureate, Malala Yousafzai has been fighting for girls’ right to education for almost a decade now. Her organisation The Malala Fund has received funding from famous personalities worldwide. Currently, the 19-year-old is working towards urging “world leaders to set aside $1.4 billion this year toward educating young refugees,” says Times.

Malala was shot by Taliban when she was 11 years old for braving against the ban on girls’ education in her hometown Swat.

The Times’ annual list includes children from the tender age of 14. The criteria to be a part of this list, Times shares, is: ‘we consider accolades across numerous fields, global impact through social media and overall ability to drive news.

Here’s the complete list:

Maddie Zielger, 14

Skai Jackson, 14

Logan Guleff, 14

Gaten Matarazzo, 14

Sasha Obama, 15 and Malia Obama, 18

Rachel Zietz, 16

Laurie Hernandez, 16

Kiara Nirghin, 16

Chloe Kim, 16

Yara Shahidi, 16

James Charles, 17

Gavin Grimm, 17

Amandla Stenberg, 17

Ben Pasternak, 17

Zara Larsson, 18

Yusra Mardini, 18

Jaden Smith, 18

Shawn Mendes, 18

Luka Sabbat, 18

Katie Ledecky, 19

George Matus, 19

Maisie Williams, 19

Simone Biles, 19

Camila Cabello, 19

Chloe Grace Mortez, 19

Barbie Ferreria, 19

Kylie Jenner, 19

 

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Oct
20

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Amnesty International urged the Indian authorities to release two teens who were detained in India-held Kashmir under the controversial Jammu and Kashmir Public Safety Act (PSA), read a report issued by the organisation on Thursday.

The human rights watchdog has pleaded for either the release or the usage of appropriate laws and provision of fair trials of the teens.

“Release both Rayees Ahmad Mir and Waheed Ahmed Gojree or charge them with an internationally recognisable criminal offence and give them fair trials in accordance with international juvenile justice standards, using detention only as a last resort and for the shortest appropriate period, and ensuring that any detention be in a separate facility for children, as close as possible to their families in order to facilitate family contact,” said the appeal issued.

The appeal also called for a detailed investigation of the detention of the two boys, and all other cases of detention of children under the Jammu and Kashmir Public Safety Act.

Amnesty International in its appeal urged the authorities to repeal the controversial Jammu and Kashmir Public Safety Act and other administrative detention laws in India.

Rayees and Waheed were detained in prison under the Jammu and Kashmir Public Safety Act, which expressly prohibits the detention of anyone under 18 years of age.

Rayees Ahmad Mir, aged 16 , was arrested on September 16 in Baramulla district under ordinary criminal procedure for allegedly throwing stones at Indian security forces.

Two days later, to prevent his release on bail, an executive official passed an order to detain him under the PSA. The order incorrectly stated that Rayees Mir was 18 years old and he was transferred to the Kot Bhalwal central jail in Jammu, about 300 kilometres from his home.

Rayees Mir’s family challenged the order before the Jammu and Kashmir High Court, producing documents that proved he was only 16 years old.

On October 7, the court stated that Rayees Mir should be treated according to juvenile justice rules, as there was prima facie evidence that he was a minor, and ordered his transfer to a juvenile home.

An official at the Kot Bhalwal jail said on October 19: “The prison authorities had not yet transferred Rayees Mir, as they had not received a copy of the court order.”

Waheed Ahmed Gojree, also 16 years old, was arrested in Kupwara district on August 18, and detained at a police station.

According to his family, the police initially told them that Gojree would be released the next day, however, they then said that he had been detained under the PSA.

Gojree was first taken to a jail in Baramulla, and then to the Kot Bhalwal central jail in Jammu, about 380 kilometres away.

The family has not yet received a copy of the detention order, or been formally informed about the grounds of Waheed Gojree’s detention, however an official at the central jail confirmed that he had been detained under the PSA.

The authorities appear to have not taken age of the boys into account before issuing the detention order.

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Oct
20

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The Pakistan State Oil (PSO) on Thursday denied any imminent fuel shortage in the country and assured smooth transition to new fuels in due course of time.

“Pakistan State Oil refutes the impression that is being created by some circles that there will be shortage of fuel in the country in the next few days owing to the decision of the government to import higher grades of Mogas and compliance of the same by all Oil Marketing Companies (OMCs),” said a statement released by the national oil company.

The statement added that as opposed to the claims made; the company has sufficient quantities of Mogas and assures the public that there will be no shortage of fuel for its customers at PSO outlets across the nation.

“PSO does not operate on short term gains or minimise its stocks and will continue to honour its commitment of fuelling the nation under all circumstances irrespective of commercial benefit to itself as our topmost priority and commitment is to keep the wheels of the country running.”

High Octane Blending Content (HOBC) sold in Pakistan is RON 97. The local refineries, except for Attock RON 87, will be producing RON 90 petrol from the beginning of November 2016 as well, the statement added.

The policy steps taken are a paradigm shift for Pakistan’s oil industry and provision of clean fuels will assist the climate change plans of the country.

PSO assured the people of Pakistan that the transition to new improved quality fuels will be a smooth one, it was further pointed out.

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Oct
20

RYANAIR have introduced a new charge for check-in.

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The airline have introduced a new cost that will charge passengers £6 to check-in for a flight more than four days prior.

The new cost will be introduced from the 1st of November.

This is a change to the airline’s previous policy, which allowed passengers to check-in seven days in advance for free.

This charge has angered certain customers who have found a very obvious flaw.

Those going on a week long holiday will be unable to check in for their return flight without being charged.

Or they will have to find a way to check-in and print a boarding pass whilst on their holidays.

Customers have taken to Twitter to vent their frustration.

Chris Wood wrote: “@easyJet allow you to check in 30 days in advance, @Ryanair only 7 unless you pay. Guess I’ll gave to find a printer while I’m away then.”

Ryanair has now charged customers for checking in early

GETTY

Ryanair has now charged customers for checking in early

Marketing Chief for Ryanair Kenny Jacobs said: “We’re continuing to listen to our customers through our “Always Getting Better” programme and this change reflects the customer feedback we have received.

“From November 1, we’re offering those customers who wish to reserve seats more time to choose their preferred seat, by reducing the check-in window from 7 to 4 days pre-departure for those customers who prefer a random seat.

“Customers who do not wish to reserve their seat will be able to check-in between 4 days and 2 hours ahead of their departure, using both the Ryanair.com website and Ryanair mobile app, and will continue to be randomly allocated a seat, free of charge.

“Over 13 million customers are using the Ryanair app to download and travel on mobile boarding passes, making travel with Ryanair even simpler.”

This comes after it was revealed Emirates will start charging for economy seat selection.

The UAE airline has introduced a “minimal charge” for economy passengers.

Any customers wishing to select their own seat now have to pay for it.

Special and Saver fares in the Economy Class have been hit with the fee, which varies depending on the flight duration.

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Oct
20

 About Bill

Married to: Melinda French Gates
Children: Three
Career
highlights:
Microsoft,
Bill & Melinda Gates
Foundation

1955—
Born
Seattle, WA.

 1973

Entered Harvard
University.

1967
Enrolled at Lakeside
School. First used computer.

1968
Began programming
with Paul Allen in the computer center.

Bill Gates is a technologist, business leader, and philanthropist. He grew up in Seattle, Washington, with an amazing and supportive family who encouraged his interest in computers at an early age. He dropped out of college to start Microsoft with his childhood friend Paul Allen. He married Melinda French in 1994 and they have three children. Today, Bill and Melinda Gates co-chair the charitable foundation bearing their names and are working together to give their wealth back to society.

Bill grew up in Seattle with his two sisters. His dad, William H. Gates II, is a Seattle attorney and one of the co-chairs of the Bill & Melinda Gates Foundation. His late mother, Mary Gates, was a schoolteacher, University of Washington regent, and chairwoman of United Way International.

1976
Changed company name to Microsoft.

Microsoft

1975–

When Bill and Paul Allen started Microsoft, their vision of “a computer on every desktop and in every home” seemed farfetched to most people. Today, thanks to Microsoft and many other companies, that vision is a reality in many parts of the world, and personal technology is an integral part of society.

Bill is passionate about Microsoft’s work and will always be involved with the company, including his present role as a member of the board and technology advisor.

1975
Started Micro-Soft with Paul Allen in Albuquerque, NM.

1979
Microsoft moved to Washington State.

1985
Windows 1.0 launched.

1995
Windows 95 launched.

2000
Assumed role of Chief Software Architect, as Steve Ballmer assumed role of Microsoft CEO.

2001
The original Xbox released.

2008
Left his daily job at Microsoft.

2014
Stepped down as chairman. Remained on the board and began serving as technology advisor.

 2000

Bill and Melinda officially
established the foundation. They also announced the first round of Gates Millennium Scholars, part of a $1 billion effort to help 20,000 young people afford college over the next two decades.

2002
The foundation completed efforts to help install 47,000 computers in 11,000 libraries in all 50 states. Ninety-five percent of libraries have computers with Internet access, up from 27 percent in 1996.

2006
Warren Buffett pledged the bulk of his wealth to the foundation.

2010
Bill and Melinda challenged the global health community to declare this the Decade of Vaccines. They pledged $10 billion over the next 10 years to help research, develop, and deliver vaccines for the world’s poorest countries.

2013
Bill helped launch a $5.5 billion effort to eradicate polio by 2018. India was certified polio-free by the World Health Organization, leaving only three countries that have never been free of the disease.

Bill & Melinda Gates Foundation

2000–

These days Bill focuses most of his time on the work he and Melinda are doing through their foundation. People are often surprised to hear him say that this work has a lot in common with his work at Microsoft. In both cases, he gets to bring together smart people and collaborate with them to solve big, tough problems.

Bill is gratified to know that the foundation and its many partners are helping people all over the world live healthier, more productive lives.

Other Interests

“ …once you’ve found a solution that works, catalytic philanthropy can harness political and market forces to get those innovations to the people who need them most.”

In addition to the foundation’s work, Bill has separately taken on some projects to address issues that interest him personally, such as delivering clean energy to everyone who needs it.

In all his work—with the foundation and otherwise—he’s focused on what he calls catalytic philanthropy: investments in innovations that will improve life for the poorest. They’re solutions to problems where markets and governments underinvest.

2006
Bill helped launch TerraPower, a company that aims to provide the world with a more affordable, secure, and environmentally friendly form of nuclear energy.

2010
Melinda, Warren Buffett, and Bill launched the Giving Pledge, a commitment by the world’s wealthiest people to dedicate most of their wealth to philanthropy.

2014
Bill tried his hand at making a viral video with Jimmy Fallon. This has nothing to do with catalytic philanthropy–he just thought you might enjoy it.

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