Pakistan clinch Asian hockey bronze medal, India beat China in final/node/2571750/pakistan
Pakistan clinch Asian hockey bronze medal, India beat China in final
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Pakistani hockey players celebrate after defeating Korea in the Hero Asian Champions Trophy in Moqi, China, on September 17, 2024. (@asia_hockey/X)
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Pakistani player Hannan Shahid (center) poses for a picture after being named "Rising Star Player" at the Hero Asian Champions Trophy in Moqi, China, on September 17, 2024. (@asia_hockey/X)
ISLAMABAD: Pakistan scored a stunning 5-2 win against Korea to end their campaign at the Hero Asian Champions Trophy with a bronze medal on Tuesday at the Moqi Hockey Training Base in China, the International Hockey Federation said, as India defeated China in the final of the tournament.
It was goals by Sufyan Khan, Hannan Shahid, and Rooman that led to Pakistan’s victory while Jungjun Lee and Jihun Yang scored for Korea.
After a poor start, Pakistan, who were handed a disappointing loss in the semifinal by hosts China, made great amends to their game to bounce back in the second half of the match to clinch a thriller.
“We are very happy to finish the tournament on a good note. Definitely, it would have been great if we had won yesterday’s match (against China) and played the final against India today but we made a number of errors,” Sufyan Khan was quoted as saying after the game by the International Hockey Federation.
“Today, we didn’t start very well but during the half-time break, our Head Coach Tahir Zaman shook us up in his own style and instilled confidence that we can bounce back.”
Hero of the Match, Sufyan Khan of Pakistan said, "We are very happy to finish the tournament on a good note. Definitely, it would have been great if we had won yesterday's match (against China) and played the final against India today but we made a number of errors. pic.twitter.com/FSjtlRLnEd
Meanwhile, the Indian Men’s Hockey Team registered an emphatic 4-1 win over Korea in the semifinal of the championship and advanced to the final against China, whom they beat 1-0, thus retaining their Asian Champions Trophy crown.
Jugraj Singh scored the only goal of the match in the 51st minute, after a frustrating game for India, as they came up against a well-organized, stubborn Chinese defense.
This is India’s fifth Asian Champions Trophy title.
ISLAMABAD: Ayaz Sadiq, speaker of the lower house of Pakistan’s parliament, has summoned an in-camera meeting of negotiation teams of the government and the opposition on Jan. 2, the National Assembly Secretariat said on Monday, amid efforts to ease prolonged political tensions in the country.
The development came a week after the government and the opposition Pakistan Tehreek-e-Insaf (PTI) party of former prime minister Imran Khan held the first round of formal negotiations on Dec. 23, with the PTI asked to present its demands in writing at the next session.
Khan’s ouster in a parliamentary no-trust vote in 2022 has plunged Pakistan into a political crisis, particularly since the PTI founder was jailed in August last year on corruption and other charges and remains behind bars. His party and supporters have regularly held protests calling for his release, with many of the demonstrations turning violent.
“The Honorable Speaker, Sardar Ayaz Sadiq, will chair a 2nd meeting (in-camera) on negotiations between Treasury and Opposition on Thursday, the 2nd of January, 2025,” the National Assembly Secretariat said in a notification on Monday.
Khan previously rejected talks with the government, saying his party would only talk to the “real powerbrokers” in Pakistan, the all-powerful army, but earlier this month he set up a negotiating committee of top party members to open a dialogue with the government for the fulfilment of two demands: the release of political prisoners and the establishment of judicial commissions to investigate protests on May 9 last year and Nov. 26 this year, which the government says involved his party supporters, accusing them of attacking military installations and government buildings.
The talks opened days after Khan threatened a civil dissidence movement and amid growing concerns he may face trial by a military court for allegedly inciting attacks on sensitive security installations during the May 9 protests.
Sadiq last week said the first round of talks were held in a “cordial” environment, calling them vital to end “political polarization” in the country.
“Since some members of the opposition could not join the talks today, we have decided to hold the next meeting on Jan. 2,” he said on Dec. 23. “The opposition will also present a charter of demands in the meeting.”
Speaking to the media after the talks, Khan’s close aide, Asad Qaiser, said the PTI team had asked the government to release all political prisoners, including the former prime minister, and form a judicial commission, comprising senior Supreme Court judges, to probe the May 9 and Nov. 26 protests.
“We should be allowed to hold a meeting with Imran Khan,” Qaiser said. “He is our leader. We will move forward with his instructions.”
The negotiations came days after Pakistan’s military announced prison sentences for 25 people involved in the May 9 protests, which PTI has demanded be investigated. The PTI has also repeatedly said it fears the government and military will try Khan in army courts for the May 9 violence. He is already being tried for the violence in a civilian court.
ISLAMABAD: The Pakistan Stock Exchange (PSX) opened the week on a positive note and surged by more than 3,000 points on Monday, amid hopes of further policy rate cuts.
The benchmark KSE-100 index soared by 3,907 points, or 3.51 percent percent, to close at 115,258 points, compared to Friday’s close of 111,351 points.
Investor activity remained vibrant, with a total volume of 1,058 million shares traded and a turnover of Rs40.8 billion, while hopes of further policy rate cut boosted market confidence.
“This upward momentum was fueled by optimism surrounding anticipated increases in equity fund allocations by local institutions ahead of the new year,” Topline Securities said in its market review.
“Adding further impetus was a statement from the finance minister over the weekend, suggesting a potential decline in interest rates to single-digit levels in the future.”
Pakistan’s central bank cut its key policy rate by 200 basis points to 13 percent on Dec. 16, it said in a statement. This was a fifth straight reduction since June as the country keeps up efforts to revive a sluggish economy with inflation easing.
The move followed cuts of 150 bps in June, 100 in July, 200 in September, and a record cut of 250 bps in November, that have taken the rate down from an all-time high of 22 percent, set in June 2023 and left unchanged for a year. It takes the total cuts to 900 bps since June.
Pakistan’s economy also grew by 0.92 percent in the first quarter of the fiscal year 2024-25, despite a contraction in the industrial sector, according to data approved by the National Accounts Committee, and released by its Statistics Bureau on Monday.
The growth was driven by positive performances in the agriculture and services sectors, which grew by 1.15 percent and 1.43 percent, respectively, in the first quarter of the fiscal year which ends in June 2025.
ISLAMABAD: Pakistan has reported another case of polio virus in its northwestern Khyber Pakhtunkhwa (KP) province, authorities said on Monday, taking the nationwide tally to 68 this year.
Polio is a paralyzing disease that has no cure. Multiple doses of the oral polio vaccine and completion of the routine vaccination schedule for all children under the age of five is essential to provide children high immunity against this terrible disease.
The Regional Reference Laboratory for Polio Eradication at the National Institute of Health (NIH) Islamabad confirmed the wild poliovirus type 1 (WPV1) case in KP’s Dera Ismail Khan district. This is the 10th polio case of the district this year.
“Pakistan is responding to the resurgence of WPV1 this year,” the country’s polio program said in a statement. “It is crucial for parents to ensure vaccination for all their children under the age of five to keep them protected.”
Of the 68 cases reported this year, 27 were from Balochistan, 20 from Khyber Pakhtunkhwa, 19 from Sindh, and one each from Punjab and Islamabad, according to the polio program.
It said a sub-national polio vaccination campaign was conducted across Punjab, Sindh, KP, Azad Kashmir, Gilgit-Baltistan and Islamabad on December 16–22, vaccinating over 42 million children.
The Balochistan government had postponed the anti-polio drive for two weeks due to security threats and a lack of preparedness stemming from a boycott of the campaign by provincial health staff.
“The campaign’s second phase started today [Monday] in Balochistan,” the polio program said. “To keep children safe, it is critical for parents to welcome vaccinators among them and bring their children forward for vaccination.”
Pakistan, along with neighboring Afghanistan, remains the last polio-endemic country in the world.
Pakistan’s economy grows 0.92 percent in Q1 of ongoing fiscal year
The country is navigating a challenging economic recovery path and has been buttressed by a $7 billion facility from the IMF
The growth was driven by positive performances in agriculture and services sectors, which grew by 1.15 percent and 1.43 percent, respectively
Updated 30 December 2024
Reuters
KARACHI: Pakistan’s economy grew by 0.92 percent in the first quarter of the fiscal year 2024-25, despite a contraction in the industrial sector, according to data approved by the National Accounts Committee, and released by its Statistics Bureau on Monday.
The South Asian country is navigating a challenging economic recovery path and has been buttressed by a $7 billion facility from the International Monetary Fund (IMF) in September.
The growth was driven by positive performances in the agriculture and services sectors, which grew by 1.15 percent and 1.43 percent, respectively, in the first quarter of the fiscal year which ends in June 2025.
Pakistan’s economy grew by 2.69 percent year-on-year in the first quarter of the previous 2023-24 fiscal year.
However, the industrial sector contracted by 1.03 percent, mainly due to a decline in mining and quarrying activities during July-September, read the report.
The committee compiling the national accounts approved the introduction of quarterly estimates of expenditure of the economy.
On the basis of latest figures of the national accounts aggregates for the last fiscal year, the overall size of the economy stood at 105.6 trillion Pakistani rupees ($379.31 billion).
Annual per capita income in rupees was recorded at 472,263 Pakistani rupees ($1,696.35).
The committee also approved an updated annual growth rate for the last fiscal year 2023-24, which stood at 2.50 percent, slightly lower than the previously estimated 2.52 percent.
ISLAMABAD: Pakistan’s new Gwadar International Airport is set to begin flights to Muscat from January 10, the Pakistan prime minister’s office announced on Monday, following a months-long delay in the opening of the airport.
A security review prompted by deadly attacks by separatist militants in Balochistan in August delayed the airport’s opening to the end of this year. The $200-million Chinese-funded airport, which will handle both domestic and international flights, is expected to become one of Pakistan’s largest, according to the Pakistan Civil Aviation Authority.
China has pledged over $65 billion in infrastructure, energy and other projects in Pakistan under the China Pakistan Economic Corridor (CPEC). Part of President Xi Jinping’s Belt and Road Initiative, the program in Pakistan is also developing a deep-water port close to the new airport in Gwadar, a joint venture between Pakistan, Oman and China that is close to completion.
On Monday, Prime Minister Shehbaz Sharif presided over a meeting to discuss the airport’s operations and directed authorities to develop a strategy to establish it as a major transit hub, emphasizing the need to improve road connections between the airport and other parts of the country, particularly Balochistan.
“Flights from Gwadar to Muscat will start from Jan.10 next year,” the PM’s office said in a statement. “The Gwadar airport can handle A-380 aircraft and will be capable of accommodating 4 million passengers annually.”
The statement noted that the Gwadar International Airport has obtained necessary certifications from the Pakistan Airports Authority. Additionally, personnel from the Airports Security Force, Pakistan Customs, Anti-Narcotics Force, Federal Investigation Agency, and Border Health Services have been deployed at the airport.
The Pakistan International Airlines (PIA) plans to increase flights between Karachi and Gwadar to three times a week, while discussions are ongoing with private airlines and carriers from China, Oman and the United Arab Emirates (UAE) to launch both domestic and international services, according to the PM’s office. The airport will feature various facilities, including cold storage, cargo sheds, hotels and shopping malls, with banking services arranged through the State Bank of Pakistan.
Although no Chinese projects were targeted in militant attacks in August, they have been frequently attacked in the past by separatists who view China as a foreign invader trying to gain control of impoverished but mineral-rich Balochistan, the site of a decades-long insurgency.
Recent attacks, including one in which two Chinese workers were killed in a suicide bombing in Karachi, have forced Beijing to publicly criticize Pakistan over security lapses and there have been widespread media reports in recent weeks that China wants its own security forces on the ground to protest its nationals and projects, a demand Islamabad has long resisted.
In his remarks, Sharif highlighted that the Gwadar International Airport symbolized the strong China-Pakistan friendship, expressing gratitude to Beijing for constructing an airport with international standards and modern facilities. He also directed the implementation of comprehensive security measures at the airport.
The meeting was attended by Defense Minister Khawaja Asif, Law Minister Azam Nazeer Tarar, Economic Affairs Minister Ahsan Khan Cheema, Finance Minister Muhammad Aurangzeb, and senior government officials. Deputy PM Ishaq Dar, along with Federal Minister for Privatization, Investment, and Communications Abdul Aleem Khan, also participated via video link.