Author: News Desk

  • Video: Couple set themselves on fire on their wedding day

    Video: Couple set themselves on fire on their wedding day

    A newlywed couple performed an outrageous stunt in which they set themselves on fire. Bothe the groom and the bride are professional stunt performers.

    Many people were amused by professional stunt performers Gabe Jessop and Ambyr Bambyr’s wedding celebration film.

    Then they strolled hand-in-hand while the wedding guests looked on and clapped for them. The wedding photographer captured the moment and shared it on his Instagram feed. It currently has around 70k views.

    The newlyweds stayed composed throughout the stunt, eventually kneeling to the ground and letting two men with fire extinguishers to extinguish the flames.

  • Musk postpones Twitter acquisition after discovering number of fake accounts

    Musk postpones Twitter acquisition after discovering number of fake accounts

    Elon Musk has put his $44 billion (£35 billion) proposal to buy Twitter on hold, citing concerns over the number of bogus or spam accounts on the platform.

    He stated that he was awaiting facts “to support [the] calculation that spam/fake accounts do indeed comprise less than 5 per cent of users”.

    Mr Musk has been super vocal about the need to eliminate spam accounts. Analysts believed that he may be attempting to reduce the price or perhaps run away from the acquisition.

    In pre-market trade, Twitter’s stock dropped as much as 25 per cent in response to Mr Musk’s remark. Later, he stated that he remains “dedicated to acquisition”.

    If either Twitter or Mr Musk decides to leave, they must pay the other party a $1 billion termination fee.

    Fake accounts accounted for less than 5 per cent of Twitter’s daily active users in the first three months of this year, according to a report released more than two weeks ago.

    However, the corporation admitted that it used significant judgment in calculating the number of spam accounts, thus “our estimation of fraudulent or scam accounts may not precisely represent the real number of such accounts”.

    Read more: Elon Musk may takeover Twitter for $46.5 billion within this week

    “The actual number of false or spam accounts could be higher than we have estimated. We are continually seeking to improve our ability to estimate the total number of spam accounts,” it said.

  • ‘Jo sazish rok saktay thay, unko bataaya tha ke barri mushkil se mulk ki economy sambhali hai’: Imran Khan

    ‘Jo sazish rok saktay thay, unko bataaya tha ke barri mushkil se mulk ki economy sambhali hai’: Imran Khan

    Chairman Pakistan Tehreek-e-Insaf (PTI) and former Prime Minister (PM) Imran Khan while speaking to a public gathering said, “Jo sazish rok saktay thay, unko bataaya tha ke barri mushkil se mulk ki economy sambhali hai.” [Those who could stop the conspiracy I told them that we managed the economy with a lot of difficulty.]

    Khan on Friday claimed that he talked to “those who could have stopped the conspiracy” and also sent the then finance minister Shaukat Tarin to have a word with them but it turned out to be a futile exercise.

    “I am ready to go to jail and even die for this cause but I would never accept becoming a slave to the United States,” he said, adding that the “three stooges” [Asif Zardari, Shehbaz Sharif, and Maulana Fazlur Rehman] had hatched a conspiracy against his government in collaboration with the US.

    “Handlers, while sitting in the US, toppled a sitting government in Pakistan,” he said. “We would, therefore, continue a campaign against this conspiracy until elections are called anew.”

    Referring to PML-N supremo Nawaz Sharif and Prime Minister Shehbaz Sharif, Imran Khan said: “One of the brothers hurls abuses at the country’s army, while the other resorts to bootlicking.”

    He further said that PPP Co-chairman Asif Ali Zardari suggesting the National Accountability Bureau (NAB) reforms is “a sign of the Judgement Day”.

    “Those who could have stopped the conspiracy should know that the PTI government had stabilised the economy with great difficulty,” he added.

  • PTI ministers asked to justify rapid wealth growth

    PTI ministers asked to justify rapid wealth growth

    Official documents revealed that several members of Pakistan Tehreek-e-federal Insaf’s cabinet enjoyed gains in their fortunes during their term in parliament and as ministers, despite being elected on pledges of fighting corruption.

    According to SAMAA TV, Shah Mehmood Qureshi and Sheikh Rasheed Ahmad, Omar Ayub Khan, Azam Khan Swati, Khusro Bakhtiar, Faisal Vawda, Shafqat Mehmood, Fehmida Mirza, Zubaida Jalal, Mahboob Sultan, and Tariq Cheema are among the listed former ministers.

    Since select ministers received notices to explain their excessive wealth, the majority blamed weak wealth and asset declaration regulations, which did not contribute to increases in the valuation of assets overtime or the amalgamation of entities.

    An inquiry into assets spontaneously declared before the Election Commission of Pakistan (ECP) and Pakistan’s tax authorities — primarily the Federal Board of Revenue (FBR) — by cabinet members who worked under former Prime Minister Imran Khan disclosed that plenty of of them saw a tremendous upsurge in their riches, with growth proportions primarily in the triple digits.

    As per the official record, the ECP sent notices to at least six former ministers while they were still in government in 2019 and 2020, requesting them to clarify their wealth-related issues.

    From 2014 to 2019, former foreign minister Shah Mahmood Qureshi, who has been a staple of the parliament for more than a decade and served twice in the federal cabinet in two different governments, had a 241 per cent growth in his wealth.

    He and his wife held assets worth only Rs72.5 million in 2014, according to asset declarations he submitted to the ECP and the FBR. In the following three years, his assets nearly quadrupled, reaching Rs278.3 million, a 283.86 per cent increase over his wealth in 2014. Qureshi’s fortune dropped dramatically to Rs184.2 million in 2018, the year he returned to the Treasury benches, albeit with a new party, the PTI. However, while in power, it soon increased to Rs247.1 million in 2019, a rise of 240.82 per cent since 2014.

    When questioned, Qureshi recounted how the worth of his assets had evolved over the years.

    “The reason for the increase in assets was that during 2015-16, my wife received her share from the sale of property situated in Lahore, which had been gifted by her mother, and shares from sale proceeds of inherited property worth Rs169.6 million and Rs22.6 million,” he claimed. In October 2017, duplicates of sale deeds were handed to the ECP, according to the former minister.

    “The ECP raised this observation too,” he said regarding the increase in his wealth, adding, “I and my dependent family members are all filers with the FBR”.

    Sheikh Rashid, the former interior minister, watched his fortune increase by nearly 278.68 per cent between 2014 and 2019.

    The financial disclosures for 2014 revealed that he only had Rs39.4 million in assets. Earnings climbed by Rs0.4 million to Rs39.8 million. His holdings steadily expanded over the next two years, reaching Rs44.7 million in 2016 and Rs46.7 million in 2017.

    Conversely, in 2018, the time he was elected to power, his assets boosted by Rs100 million to Rs149.2 million. In 2019, there was no movement in reported assets. After inquired why his assets had suddenly changed, Rashid said that the discrepancy was due to an advance payment he had obtained for reselling a portion of land in 2018.

    “I received Rs100 million as advance after making a deal of land to be sold last year, [2021],” he said, adding, “There is no such increase in my assets”. The former interior minister stated that the rise in his declarations submitted with the FBR and the ECP had been properly disclosed.

    Between 2014 and 2019, the fortune of former federal minister of water Omar Ayub and his wife jumped by 203 per cent.

    As per Ayub’s filings to the ECP and FBR in 2014, he and his wife held assets worth Rs461.8 million. This comprised Rs132 million in assets held by his wife and Rs329 million in assets owned by the minister. This value had risen to Rs1.4 billion by 2019. Surprisingly, while his wife’s holdings increased slightly to Rs201 million, Ayub’s assets increased to Rs1.2 billion. Each has debts worth only Rs26.3 million, according to the disclosures.

    As a result, the ECP expressed concerns about Ayub’s and his family’s unexpected surge in wealth.

    “It was explained to the ECP in 2019 that it [increase in wealth] is because of group formation having no cash involvement,” Ayub said, confirming that the top poll body had issued him a notice on this subject. Ayub claimed that he owned shares in Nova Synpac Ltd. and NovaGene Pharmaceuticals Ltd., which increased in value by approximately Rs1.071 billion.

    “My assets have decreased (excluding this group formation) since I took an oath as a minister because I resigned from my group,” he claimed, adding that the increase was due to the consolidation of all of his businesses under the group.

    “This cannot be reflected in a declaration, which is always a reflection of statements submitted to the FBR and there cannot be any difference [between them] otherwise it would have been challenged there,” he explained.

    Azam Swati, the former federal railways minister, saw his fortune grow by 202 per cent from Rs823.2 million in 2015 to about Rs2.04 billion in 2019. He reported that his liabilities increased from Rs417 million in 2015 to Rs811 million in 2019.

    “[Your] figures are wrong due to incomplete information being furnished before ECP by members and cabinet members owing to faulty legal requirements mentioned in ECP Act 2017,” he explained.

    He further said that his situation was slightly unusual. “In Pakistan, I have no income and no business.” I am confident that our FBR wealth statement [filed] will be compared to ECP in 2019 [asset declarations],” he remarked, worried that the statistics may contain a few errors.

    “ECP has no efficiency and capability to audit assets and liabilities,” he disclosed, adding, “We were making mistakes filing combined [wife and husband together]”.

    “Now we have corrected the mistake and filed separately because the wife is not dependent,” Swati told SAMAA TV.

    Khusro Bakhtiar, the former federal commerce minister, saw his fortune rise by 127.8% from Rs109.3 million in 2013 to Rs249 million in 2019. In 2014, he had assets of Rs130 million, which more than doubled to Rs278 million in 2015, shrank to just Rs196 million in 2016, and then surged again in the next three years.

    “Increase in assets were mainly comprised of [various] sources during the year 2014 to 2019,” he told SAMAA TV, detailing that these sources included savings from agricultural income, proceeds from the sale of land worth Rs40 million, other sources which contributed Rs20 million.

    Bakhtiar also claimed that he actually paid Rs27.5 million in agricultural taxes from 2017 to 2020, and that he owed Rs60 million in 2016.

    Former federal minister for education Shafqat Mahmood and his family had a 308 per cent growth in asset valuation between 2013 and 2019, making them one of the most successful federal ministers in terms of percentage increases. According to Mehmood’s filings, his and his family’s assets were valued at just Rs37 million in 2013, but had grown to Rs151 million by 2019.

    “My assets have not changed since 2013 onwards,” Mehmood asserted, explaining “The change that you see is the cost re-evaluation from purchase price to market price”. The ex-minister further said that he has 360 kanals of hereditary land, a few more plots, and automobiles that he never assessed.

    “There will, of course, be some variation regarding bank accounts. There will also be a slight difference in detail offered to FBR and ECP with regards to bank accounts,” he maintained. He went on to say that in his previous disclosure, he had combined the amounts in all of his bank accounts to present a single total.

    “My wife is a distinct taxpayer because she works, but I have included her assets as well”, he explained.

    Fehmida Mirza, the former federal minister for interprovincial coordination, had a similar scenario, with her net worth rising from Rs65 million in 2013 to Rs164 million in 2019.

    “I did not see any rise in my assets and wealth at all,” she told SAMAA TV. She did, although, reveal that she had sold some property in Pakistan in order to purchase a home in the United Kingdom.

    “This new increase in my assets has already been declared with the FBR and the ECP,” she stated.

    Contrary to the PTI’s cabinet’s millionaire members, one of the “weakest” members of the federal cabinet, former federal minister Zubaida Jalal and her husband, had a 1,189 per cent growth in their fortune in a short period of time. Their riches increased from Rs9 million to Rs116 million in 2019.

    Jalal, on the other hand, described the quick spike in wealth as the outcome of changes in declaration requirements.

    “There is no big difference in my assets’ declaration” she asserted while speaking to SAMAA TV. The value of immovable assets was not mentioned in data provided in past elections, she said, noting that the ECP declaration requirements changed over time.

    “[We are] required to mention values of assets in the asset declaration for this time,” she stated. She explained that the variations in asset values were attributable to market forces working on enterprises.

    “Ups and downs will keep happening [in mining operations and business],” she said, as she reminded that her husband owns the National Coal Mining Company since the 1960s.

    Former state minister Mahboob Sultan was one among the ministers who saw only double-digit asset growth. Only 81 per cent of his assets increased from Rs126 million in 2018 to Rs227.2 million in 2019. It’s worth noting, however, that his growth of nearly Rs100 million occurred while he was in the cabinet of ministers.

    Tariq Cheema, the former federal minister for housing and infrastructure, showed the smallest growth in his wealth, going from Rs73 million in 2014 to Rs112 million in 2019. He did not, however, assess the value of his inherited assets and report them to the electoral or tax authorities.

    Former federal minister Faisal Vawda and his family witnessed their fortune increase by 25 per cent from Rs507 million in 2017 to Rs630 million in 2019. He was among the most controversial cabinet ministers who were eventually dismissed by the ECP.

    Despite multiple requests from SAMAA TV, neither Sultan, Cheema, Vawda, nor an ECP official have commented on inquiries regarding their wealth.

    Via: SAMAA TV

  • Twitter reacts to Shahbaz Gill’s wife’s PhD controversy

    Twitter reacts to Shahbaz Gill’s wife’s PhD controversy

    Pakistan Tehreek-e-Insaf (PTI) leader Shahbaz Gill’s wife Izza Asad Rasool is reportedly found to be owing around Rs18.6 million to the Commission on Science and Technology for Sustainable Development in the South (COMSATS) University of Islamabad.

    According to Geo News‘ reporter Azaz Syed, a show-cause notice has been sent to Rasool in this regard. The university has demanded the payment of official expenses worth $99,000 and Rs86,000, spent on account of Rasool’s tuition fees, her living allowance and airfare.

    According to the notice, Rasool went to the United States (US) in 2011 to pursue an MS leading to PhD studies in the field of Labour and Industrial Relations at the University of Illinois at Urbana-Champaign (UIUC). She was supposed to complete her studies by 2016 and come back to the country but she didn’t. She has been living there since she left for the US.

    Moreover, the notice stated that Rasool could not complete her studies by the due date and she was also irregular in submitting her academic progress reports.

    It is pertinent to mention that at the time when Rasool left for her studies, she was not married to Gill who is an employee of the same American university.

    COMSATS has warned Rasool to respond to the notice within 15 days or they will initiate legal and administrative action against her.

    As per the media outlet, GIll has allegedly been using his influence to threaten COMSATS’ administration in order to avoid action against his wife.

    Responding to the news, Gill termed the news as false. He said that her wife’s PhD is still going on and she will be back as soon as her degree finishes.

    “There is a campaign going on against me and this news is also a part of it. I know who is doing it”, he claimed.

    Following the news, Twitter questioned the unusually long period of Rasool’s degree completion.

  • Pakistan receives $3 billion in remittances, highest in history

    Pakistan receives $3 billion in remittances, highest in history

    The State Bank of Pakistan (SBP) announced on Friday that remittances from Pakistani employees overseas have surpassed $3 billion for the first time, with Saudi Arabia and the United Arab Emirates contributing the most.

    Saudi Arabia ($707 million), the United Arab Emirates ($614 million), the United Kingdom ($484 million), and the United States of America ($346 million) were the largest sources of remittances in April 2022.

    “Remittances crossed the monthly mark of US $3 billion for the first time. Cumulatively, at $26.1 billion, remittances grew by 7.6 % in the ten months of FY22 compared to last year,” says a statement issued by the SBP.

    In terms of growth, remittances have been increased by 11.2 per cent on a month-on-month basis, and 11.9 per cent on a yearly basis

  • Pakistan may receive $2.5 billion loan from Asian Development Bank

    Pakistan may receive $2.5 billion loan from Asian Development Bank

    The Asian Development Bank (ADB) has hinted at providing $2.5 billion in additional loans to Pakistan. However, the government must obtain a good economic health certificate from the International Monetary Fund (IMF) in order to receive the loan. Following a meeting between Minister of State for Finance and Revenue Dr Aisha Ghous Pasha and ADB Country Director Yong Ye, a statement was released.

    “The ADB indicated the additional support of $2.5 billion for the next fiscal year, from which $1.5 billion to $2 billion can be available in the ongoing calendar year,” said the Ministry of Finance in a statement.

    The ADB has suggested that it could lend $1.5 billion under the Counter Cyclical Finance Facility and another $400 million via energy sector policy loans, according to sources in the finance ministry.

    On May 3, the ADB board of directors authorised the Counter Cyclical Finance Facility with Pakistan receiving a combination of concessional and commercial financing. However, the ADB board’s approval of the $1.5 billion loan will be conditional on Pakistan’s debt burden being manageable and the country’s fiscal policies not being reckless – two factors that will necessitate frantic efforts to meet.

  • ‘Martay dum tak jhoota, meray naam pe TRP kamana nahi chor sakta, evil, lowlife’: Ayyan Ali lambasts Imran Khan

    ‘Martay dum tak jhoota, meray naam pe TRP kamana nahi chor sakta, evil, lowlife’: Ayyan Ali lambasts Imran Khan

    Supermodel Ayyan Ali took to her official Twitter handle to respond to former PM Imran Khan’s allegations about her case. Khan recently claimed that the custom officer in the supermodel’s case was killed to facilitate her.

    However, Ali in a detailed thread on Twitter denied the accusation with ‘proofs’. The controversial celebrity called Imran Khan a liar and added that he can’t stop making false accusations against her despite being the PM for four years.

    In a series of controversial tweets, the Earthquake diva stated that Imran cannot stop taking her name to stay relevant and also can’t get rid of his habit of lying.

    https://twitter.com/AYYANWORLD/status/1524849620026900483?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1524849855172165649%7Ctwgr%5E%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Fblog.siasat.pk%2Fmodel-ayyan-ali-responds-to-imran-khans-allegations-with-proofs%2F

    Ayyan was arrested from Islamabad airport on the allegations of foreign currency smuggling in 2015.

  • ‘Stablecoin’ crashes, bitcoin set for a record losing run

    ‘Stablecoin’ crashes, bitcoin set for a record losing run

    Following the collapse of TerraUSD, a so-called stablecoin, resonated across markets, cryptocurrencies suffered significant losses on Friday, with bitcoin trapped below $30,000 and on track for a record losing streak.

    Concerns about high inflation and rising interest rates have prompted widespread dumping of hazardous investments, including crypto assets.

    However, sentiment is particularly shaky, as tokens that were intended to be tethered to the dollar have failed.

    Bitcoin, the most valuable cryptocurrency by market capitalization, attempted a recovery early in the Asian session, rising 2 per cent to $29,500, a recovery from a 16-month low of roughly $25,400 on Thursday.

    It is still trading well below week-ago levels of around $40,000 and is on track for a record sixth consecutive weekly loss unless weekend activity improves.

    “I don’t believe the worst is gone,” Scottie Siu, investment director at Axion Global Asset Management, a Hong Kong-based firm that manages a crypto index fund, said. “I believe there will be further decline in the days ahead”.

    “I believe what we need to see is a significant drop in open interest, so that speculators are forced out, and then the market will stabilise”.

    Read more: Pakistan’s cement exports fell by 82.15 per cent in April 2022

    This week, TerraUSD (USDT) lost its 1:1 peg to the dollar, as its method for maintaining stability, which relied on another virtual token, failed under selling pressure.

  • Hangout in London: PML-N leaders show off pictures from their trip

    Hangout in London: PML-N leaders show off pictures from their trip

    Prime Minister (PM) Shehbaz Sharif and his party members have gone to London to meet Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif.

    PM Shehbaz’s 10-member delegation includes Defence Minister Khawaja Asif, Information Minister Marriyum Aurangzeb, Planning Minister Ahsan Iqbal, Power Minister Khurram Dastagir, Finance Minister Miftah Ismail, and Railways Minister Khawaja Saad Rafique, among others.

    The PML-N leaders shared some special moments from their London trip with their followers on social media platforms.

    PML-N leaders who are currently in London remained tight-lipped about their discussions with the party’s supreme leader Nawaz Sharif.

    It is being said that the PML-N delegation took an oath “not just once but twice” to ensure that the issues that came under discussion before Mian Nawaz Sharif would not be revealed outside under any circumstances.

    The delegation did not share what policy direction was given by the Nawaz during the meeting at Stanhope House in London and stressed that any decision taken would only be announced after consultation with the government’s coalition partners.