Latest news with #814
Business Recorder
25-06-2025
- Business
- Business Recorder
National Assembly to meet again on Thursday for budget approval
The National Assembly will reconvene again on Thursday at 11:00 a.m. to give final approval to the federal budget for the fiscal year 2024-25, including the passage of the Finance Bill and supplementary grants, Aaj News reported. The development comes after lawmakers on Wednesday completed the approval process for the demands for grants of 33 federal ministries and divisions. During the session, the lower house approved 136 demands amounting to over Rs9.95 trillion. More than 750 cut motions submitted by opposition members were rejected by majority vote. Among the major approvals, the Division of National Food Security had three demands totalling Rs34.04 billion passed, while 98 related cut motions were turned down. Cabinet Division: NA approves Rs81.45bn demands for grants Additionally, four ministries and divisions had demands exceeding Rs4,814 billion approved during Wednesday's session. On Thursday, the Assembly will proceed with the approval of the Finance Bill 2024-25, which outlines tax measures and fiscal policies for the upcoming year. Supplementary grants, which cover additional expenditures beyond the initially allocated budget, will be taken up for discussion and approval on Friday. The passage of the Finance Bill is the final and mandatory step in the federal budget process, enabling the government to implement its financial agenda for the new fiscal year starting July 1.
New Straits Times
28-05-2025
- Business
- New Straits Times
Palm rises on stronger Dalian oils, crude; weak Chicago soyoil caps gains
KUALA LUMPUR: Malaysian palm oil futures opened higher on Wednesday for a fourth session, buoyed by stronger rival Dalian oils and crude oil prices, though weaker Chicago soyoil limited gains. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange gained RM12, or 0.31 per cent, to RM3,880 (US$913.80) a metric ton in early trade. Dalian's most-active soyoil contract rose 0.23 per cent, while its palm oil contract added 1.05 per cent. Soyoil prices on the Chicago Board of Trade were down 0.14 per cent. Palm oil tracks price movements of rival edible oils, as it competes for a share of the global vegetable oils market. Oil prices edged higher in early trading as the US barred Chevron from exporting crude from Venezuela under a new authorization on its assets there, raising the prospect of tighter supply. Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. The ringgit, palm's currency of trade, weakened 0.26 per cent against the dollar, making the commodity slightly cheaper for buyers holding foreign currencies. European Union soybean imports for the 2024/25 season, which began in July, reached 12.69 million metric tons by May 25, up 7 per cent from the same period a year earlier, while palm oil imports were at 2.57 million tons, down 19 per cent, data published by the European Commission stated. Palm oil may retrace into a range of RM3,814 to RM3,838 per metric ton, as it faces strong resistance at RM3,878, Reuters technical analyst Wang Tao said. Asian shares continued a rally from Wall Street and the dollar held gains on Wednesday on promising economic signs in the United States and speculation of strong tech earnings.
Gulf Today
23-05-2025
- Business
- Gulf Today
Pension payments for May to be disbursed Tuesday: GPSSA
The General Pension and Social Security Authority (GPSSA) announced that a total of Dhs831,363,259.82 worth of pension payments will be disbursed on Tuesday 27th May 2025, an increase of Dhs52,814,510 from May 2024, when pension payments totalled Dhs778,548,749.06. The payments will benefit a total of 49,910 pensioners and beneficiaries, an increase of 1,760 from the 48,150 who received disbursements in May 2024. Pension payments are disbursed to civilians subject to the laws implemented by the GPSSA as well as to eligible pensioners and beneficiaries whose files are managed by the GPSSA on behalf of the Ministry of Finance and in accordance with the pension laws by which they are subject to. WAM
New Indian Express
13-05-2025
- Politics
- New Indian Express
India has avenged my friend Daniel Pearl's killing in Bahawalpur
I still remember the chill I felt when I first heard of Bahawalpur. It was late January 2002. My dear friend and colleague, Wall Street Journal reporter Daniel Pearl, had just left a home I had rented on Zamzama Street in Karachi for an interview from which he never returned. We soon learned terrorists in Pakistan had kidnapped Danny. As we tried to trace Danny's steps, one name kept surfacing: the dusty city of Bahawalpur. In the days that followed, we learned terrorists had murdered Danny, brutally beheading him and cutting him into pieces. Twenty-three years have passed, but the chain of events that led to Danny's murder continues to haunt us—and it runs straight through Bahawalpur. This week, India's Operation Sindoor launched an airstrike on Bahawalpur and other terrorist targets, killing terrorist chief Abdul Rauf Azhar. To be clear, Abdul Rauf did not kidnap or murder Danny. But in 1999, he masterminded the hijacking of Indian Airlines flight 814, which forced India to release three terrorists - including his brother, Masood Azhar, and a British Pakistani, Omar Sheikh, who would go on to lure Danny into captivity. Another brother, Ibrahim Azhar, was a hijacker on Flight 814. Abdul Rauf opened the prison door that allowed a kidnapper to walk free. His killing is a reminder that those who enable terror must answer for their actions. Bahawalpur, where Abdul Rauf enjoyed a safe haven, is more than just a city. Since the 1990s, it has been a hub for a state-sponsored terrorism industry that has enabled global violence—killing innocents in India, Pakistan and around the world. It's where the story of Danny's murder began.
New Indian Express
10-05-2025
- Politics
- New Indian Express
India has avenged Daniel Pearl's killing in Bahawalpur
I still remember the chill I felt when I first heard of Bahawalpur. It was late January 2002. My dear friend and colleague, Wall Street Journal reporter Daniel Pearl, had just left a home I had rented on Zamzama Street in Karachi for an interview from which he never returned. We soon learned terrorists in Pakistan had kidnapped Danny. As we tried to trace Danny's steps, one name kept surfacing: the dusty city of Bahawalpur. In the days that followed, we learned terrorists had murdered Danny, brutally beheading him and cutting him into pieces. Twenty-three years have passed, but the chain of events that led to Danny's murder continues to haunt us—and it runs straight through Bahawalpur. This week, India's Operation Sindoor launched an airstrike on Bahawalpur and other terrorist targets, killing terrorist chief Abdul Rauf Azhar. To be clear, Abdul Rauf did not kidnap or murder Danny. But in 1999, he masterminded the hijacking of Indian Airlines flight 814, which forced India to release three terrorists - including his brother, Masood Azhar, and a British Pakistani, Omar Sheikh, who would go on to lure Danny into captivity. Another brother, Ibrahim Azhar, was a hijacker on Flight 814. Abdul Rauf opened the prison door that allowed a kidnapper to walk free. His killing is a reminder that those who enable terror must answer for their actions. Bahawalpur, where Abdul Rauf enjoyed a safe haven, is more than just a city. Since the 1990s, it has been a hub for a state-sponsored terrorism industry that has enabled global violence—killing innocents in India, Pakistan and around the world. It's where the story of Danny's murder began.
