In a milestone development, Lahore High Court’s first woman chief justice takes oath

Update In a milestone development, Lahore High Court’s first woman chief justice takes oath
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In this screengrab, taken from a live Pakistan Television broadcast, Punjab Governor Sardar Saleem Haider Khan administers the oath to Justice Aalia Neelum as the first woman Chief Justice of the Lahore High Court at the Governor's House in Lahore on July 11, 2024. (Screengrab/PTV)
Update In a milestone development, Lahore High Court’s first woman chief justice takes oath
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This handout profile photo shows Justice Aalia Neelum who is set to take oath as the first woman Chief Justice of the Lahore High Court. (Photo courtesy: Lahore High Court)
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Updated 11 July 2024
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In a milestone development, Lahore High Court’s first woman chief justice takes oath

In a milestone development, Lahore High Court’s first woman chief justice takes oath
  • Justice Aalia Neelum’s appointment was made by CJP Faez Isa in a meeting last week
  • She played a vital role in establishing Gender-Based Violence Courts during her career

ISLAMABAD: In a historic development, Justice Aalia Neelum took the oath as the first woman Chief Justice of the Lahore High Court (LHC) on Thursday, following the approval of her appointment by President Asif Ali Zardari in a notification issued a day earlier.
The LHC has significant importance in dealing with pivotal constitutional and rights-related cases in Pakistan. It has also been served by several highly respected female jurists in the past, though none of them had been elevated to the top position to manage the court’s internal affairs.
A senior Supreme Court judge, Justice Ayesha Malik, was also part of the LHC before she was appointed to the apex court.
“Throughout her career, Justice Miss Aalia Neelum has demonstrated a strong commitment to gender equality and women’s empowerment,” Pakistan’s state-owned Associated Press of Pakistan (APP) news agency said in one of its reports.
“She has played a pivotal role in the establishment of Gender-Based Violence Courts and has been a vocal advocate for women’s rights,” it added.
Justice Neelum, who began her legal career in 1996, received a guard of honor before the Punjab Governor, Sardar Saleem Haider Khan, administered her the oath.
According to APP, she quickly took on cases in various domains after joining the legal profession, including constitutional law, white-collar crime, anti-terrorism, accountability and banking laws.
She became an LHC judge in 2015, and her appointment as the Chief Justice of the Lahore High Court was made by the Judicial Commission of Pakistan, headed by Chief Justice of the Supreme Court Qazi Faez Isa, last week.


PCB chief ‘confident’ India will tour Pakistan for Champions Trophy 2025

PCB chief ‘confident’ India will tour Pakistan for Champions Trophy 2025
Updated 2 min 45 sec ago
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PCB chief ‘confident’ India will tour Pakistan for Champions Trophy 2025

PCB chief ‘confident’ India will tour Pakistan for Champions Trophy 2025
  • Pakistan is set to host ICC Champions Trophy 2025 from February to March next year 
  • India have not sent its cricket team to Pakistan since 2008 due to political tensions

KARACHI: Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi has said he is “confident” India will tour Pakistan for the Champions Trophy 2025 tournament scheduled to be held in February next year, sports website ESPNcricinfo reported. 

Pakistan, who won the last edition of the ICC Champions Trophy in 2017 by beating arch-rivals India in the final, will defend their title on home soil. The tournament is scheduled to be played from Feb. 19 to Mar. 9 2025 in Karachi, Lahore and Rawalpindi venues of the city. 

India has not sent its national cricket team to Pakistan since 2008 owing to political tensions between the nuclear-armed South Asian neighbors. Pakistan, however, visited India last year in November 2023 to participate in the 50-over World Cup after India refused to tour Pakistan for Asia Cup 2023. 

India’s refusal prompted Pakistan to agree to a “hybrid” formula for Asia Cup 2023, with some matches being played in Pakistan while others, including the final, were played in Sri Lanka. India has said its government will have the final say in whether the cricket team will tour Pakistan for the Champions Trophy. 

“The Indian team should come. I don’t see them cancel or postpone coming here and we are confident we will host all the teams in the Champions Trophy in Pakistan,” ESPNcricinfo quoted Naqvi as saying. 

To prepare for the megaevent, Pakistan’s cricket authorities started renovating its Karachi and Lahore stadiums in August. 

“The stadiums will also be ready to host the matches on schedule and any remaining work would be completed after the tournament,” Naqvi said. “In a way, you can say that we are going to have a brand new stadium.”

Naqvi, who is also Pakistan’s federal interior minister, was asked if he and Indian External Affairs Minister Subrahmanyam Jaishankar would meet when the latter arrives in Islamabad next week to attend the Shanghai Cooperation Organization moot. 

“He is coming but I don’t think the details of his meetings have been set,” the PCB chief said. 


Pakistan’s stock market surpasses historic 85,000 points during intra-day trading

Pakistan’s stock market surpasses historic 85,000 points during intra-day trading
Updated 17 min 24 sec ago
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Pakistan’s stock market surpasses historic 85,000 points during intra-day trading

Pakistan’s stock market surpasses historic 85,000 points during intra-day trading
  • KSE-100 benchmark index surges by 665.81 points or 0.78 percent to reach all-time high 85,576.10 points during intra-day trading 
  • Bullish trend fueled by market speculation regarding cut in policy rate, strong earning by blue chip oil companies, say analysts

ISLAMABAD: The Pakistan Stock Exchange (PSX) continued its bullish trend on Tuesday with the benchmark KSE-100 index surging by 665.81 points or 0.78 percent to reach an all-time high 85,576.10 points, with analysts attributing the impressive surge to market speculation about a cut in the policy rate and strong earnings of oil companies. 

The PSX witnessed an impressive rally on Monday with the KSE-100 index surging to just under 85,000 points, which analysts said was fueled by strong performances in blue-chip oil stocks and overall optimism regarding the economy. 

Pakistan’s economic indicators have improved after the South Asian country secured a $7 billion, 37-month bailout package from the International Monetary Fund (IMF) last month. Pakistan’s central bank also cut its key policy rate by 200 basis points to 17.5 percent in September, making it the third straight reduction since June. 

“Higher global crude oil prices, falling banking lending rates and the government’s deliberation on the privatization of state-owned entities played a catalyst role in the bullish activity in the PSX,” Ahsan Mehnati, the managing director and chief executive officer Arif Habib Commodities, told Arab News. 

Stock market information app Investify Pakistan also attributed the bullish trend to “strong investor interest and significant contributions from blue-chip oil stocks.”

“The market, which experienced an initial dip, gained momentum due to factors such as rising global crude oil prices, anticipation of strong earnings from oil companies, and a recent successful settlement between Pakistan Petroleum Limited and Iraq’s Midland Oil Company,” Investify Pakistan said on social media platform X. 

Topline Securities, a leading brokerage house in Pakistan, had attributed the bullish trend in the stock market to “falling bond yields and an expected sharp drop in inflation, igniting a wave of optimism in the market.”

The South Asian country last year narrowly avoided a sovereign default when it clinched a $3 billion IMF loan program. Pakistan has suffered a prolonged economic crisis that drained its foreign exchange reserves last year and saw its currency weaken significantly amid double-digit inflation. 


Saud eyes hundred, Pakistan 397-6 at lunch

Saud eyes hundred, Pakistan 397-6 at lunch
Updated 25 min 48 sec ago
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Saud eyes hundred, Pakistan 397-6 at lunch

Saud eyes hundred, Pakistan 397-6 at lunch
  • Saud Shakeel stayed on course to be third Pakistan batter to smash a hundred in opening test against England
  • Naseem Shah excelled in nightwatchman’s role as he smashed a career-best 33, collaborating in 64-run partnership with Saud

MULTAN, Pakistan: Saud Shakeel stayed on course to be the third Pakistan batter to smash a hundred in the opening test against England as the hosts reached 397 for six at lunch on the second day of the contest on Tuesday.

Naseem Shah excelled in the nightwatchman’s role as he smashed a career-best 33, collaborating in a 64-run partnership with Saud, who was batting on 67 at the break.

Salman Agha was yet to open his account at the other end on a batter’s paradise at the Multan Cricket Stadium.

England were made to toil with little reward on Monday and it was more of the same when play resumed as Naseem, a key cog in Pakistan’s new-ball attack, proved he could contribute with the bat as well.

Naseem smacked three sixes, denying England a breakthrough in the first hour, despite suffering hits to the helmet and his bowling hand.

His 82-ball defiance finally came to an end when he tickled Brydon Carse to Harry Brook at leg slip, giving the debutant seamer his maiden test wicket.

Next man in Mohammad Rizwan fell for a 12-ball duck, stepping out against Jack Leach and spooning the ball to Chris Woakes at mid-off.

Saud has looked in control hitting eight fours in his fine knock. 


OGDCL signs agreement with China to develop Pakistan’s unconventional gas potential

OGDCL signs agreement with China to develop Pakistan’s unconventional gas potential
Updated 54 min 58 sec ago
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OGDCL signs agreement with China to develop Pakistan’s unconventional gas potential

OGDCL signs agreement with China to develop Pakistan’s unconventional gas potential
  • Tight gas is type of unconventional gas that requires advanced extraction methods
  • Tight gas is found in reservoir rocks with low permeability, most often sandstone

ISLAMABAD: Pakistan’s Oil and Gas Development Company Limited (OGDCL) and the China Central Depository and Clearing Company (CCDC) have signed a deal to develop Pakistan’s tight gas potential, state media reported on Tuesday, as Islamabad pushes a strategy to boost gas production.

Tight gas refers to a type of unconventional gas — which requires advanced extraction methods — found in reservoir rocks with low permeability, most often sandstone.

State-owned ODGCL in August this year began tight gas production in the southern Sindh province, starting commercial production from the Nur West #01 tight gas well in Jujawal. The well was drilled to a depth of 2,975m and encountered a tight gas formation. Conventional testing did not yield sufficient gas, and the well was hydraulically fractured, the company said. 

The well is now currently producing 1.5 MMscfd of gas with 1,050 psi wellhead flowing pressure from the lower Guru formation. The gas has been integrated into the Sui Southern Gas Co. Ltd. (SSGCL) network.

“Oil and Gas Development Company Limited (OGDCL) and China Central Depository and Clearing Company (CCDC) have signed a memorandum of understanding to develop Pakistan’s shale and tight gas potential,” Radio Pakistan said. 

“OGDCL has already invested thirty million dollars to tap the shale gas reserves to meet the country’s energy needs.”

Around the world, dominant state energy producers including Aramco have in recent years stepped up development of geologically challenging oil and gas reservoirs, including those holding shale gas, shale oil and coalbed methane.

In a bid to facilitate investment by the oil and gas industry in unconventional hydrocarbons, the Pakistani federal government has also approved the Tight Gas (Exploration & Production) Policy 2024.

As per the document, several national objectives have been set in the policy, including: 

-Incentivize oil and gas industry to invest in the exploration of unconventional/tight gas resources that are not being produced due to non-commerciality.

-Provide a policy regime for transparent, effective, and efficient processing of regulatory approvals.

-Address commercial viability issues of existing tight gas reservoirs.

-Open new frontiers for exploration of tight gas which would help increase the exploration activities in the country.

-Enhance indigenous production of hydrocarbons.

-Minimize reliance on imported fuels and regenerate additional revenues for federal and provincial governments.

-Reduce recourse to sovereign debts by saving foreign currency.

-Keep local gas prices at affordable level for the consumers by producing cheaper local gas vis-à-vis imports.

-Create employment opportunities in the gas sector. 

-Promote transfer of technology and collaboration between local and foreign equipment manufacturers.

-Increase dependability and security of supply and its sustained availability.


Pakistan calls for disaster preparedness, better infrastructure on 19th anniversary of deadly 2005 earthquake

Pakistan calls for disaster preparedness, better infrastructure on 19th anniversary of deadly 2005 earthquake
Updated 08 October 2024
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Pakistan calls for disaster preparedness, better infrastructure on 19th anniversary of deadly 2005 earthquake

Pakistan calls for disaster preparedness, better infrastructure on 19th anniversary of deadly 2005 earthquake
  • Over 86,000 people were killed, 69,000 injured on Oct. 8, 2005 in Pakistan after 7.6-magnitude quake 
  • Pakistan is recognized as one of the most vulnerable countries to climate change effects in the world

KARACHI: Prime Minister Shehbaz Sharif stressed the need for improved disaster preparedness and safer infrastructure in the country to deal with natural disasters, including those that stem from climate change effects, state-run media reported on Tuesday as Pakistan marks the 19th anniversary of the 2005 deadly earthquake that killed thousands across the country. 

At least 86,000 people were killed and more than 69,000 injured in northern Pakistan on Oct. 8, 2005, when a 7.6-magnitude earthquake struck the country, razing thousands of buildings to the ground. It is considered the deadliest earthquake in South Asia, surpassing the 1935 Quetta earthquake which killed up to 60,000 people.

Pakistan is regarded as one of the most vulnerable countries to climate change effects. Heavy monsoon rains and melting of glaciers triggered flash floods in June 2022 that killed at least 1,700 people and washed away large swathes of crops. Pakistan says it suffered losses of over $30 billion due to the floods. 

“PM Sharif said the government’s policy initiatives should encompass various sectors, including safe infrastructure development, improved disaster preparedness, poverty alleviation, safer spatial land use planning, adherence to building codes, efficient water resource management, sound agricultural practices, and increased afforestation nationwide including coastal areas,” the state-run Associated Press of Pakistan (APP) said. 

Sharif urged all stakeholders to form synergy by understanding each other’s strengths and limitations, and by achieving interoperability among national, global, public and private sectors, the APP said. 

The prime minister stressed the need for “efficient and effective” coordination and the development of contingency plans to protect communities living in Pakistan’s remote areas. He lamented how Pakistan was facing the worst impacts of climate change despite being responsible for only 0.88 percent of the world’s greenhouse gas emissions. 

“Frequent recurrence of unpredictable extreme events have given a devastating blow to our struggling economy,” Sharif was quoted as saying by the APP.