News

Awami Action Committee protest
thehighasia

G-B: Protests against resource capture, & misuse of ATA against activists

Political leaders, representatives from trade and hotel associations, and youth organizations addressed the protesters at Ittehad Chowk in Gilgit and Aliabad in Hunza and criticised Gilgit-Baltistan (G-B) authorities for what they termed as ‘anti-people decisions,’ including leasing public assets, tourist spots, and guest houses to the Green Tourism company.
Moreover, they denounced the leasing of mineral and water resources to corporate and influential entities, the increase in university fees, and the exploitation of local traders at the Sost border.

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New-Great-Game
thehighasia

Tajikistan’s top court bans six Pakistani religious bodies, 23 others

Quoting reports from the Khovar news agency, the website detailed the Supreme Court’s declaration of 29 religious parties, groups, associations, and websites as “terrorist and extremist organisations” in Tajikistan. The court’s ruling led to the prohibition of their activities within Tajikistan’s territory. Additionally, the websites associated with these banned entities have been blocked, and the import of their literature has been prohibited. Among those listed are Pakistan’s Jamaat-i-Islami, Lashkar-e-Taeba, Hizbut Tahrir, Tablighi Jamaat, and the Taliban

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Palestine Solidarity Campaign
thehighasia

Progressive student bodies launch pro-Palestine campaign

organized a protest rally and press conference at the National University of Modern Languages (NUML) in Islamabad on Monday, demanding immediate ceasefire and expulsion of ambassadors of the US, Germany and France for supporting Israel’s policies and occupation of Gaza.
They endorsed the Boycott Divestment Sanctions campaign, and advocated for closer alliances with anti-imperialist countries and opposed diplomatic relations with Israel.

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thehighasia

Faysal Bank posts strong financial results for Q1

Faysal Bank profit after tax doubled to Rs6.5 billion as compared to the corresponding period in 2023. Earnings per share increased from Rs2.12 to Rs4.29.

The total assets reached a new high of Rs1.5 trillion, with deposits increasing to Rs1.050 trillion and loan book exceeded Rs603 billion. Advance-to-Deposit Ratio (ADR) was at a healthy 55%, while its Capital Adequacy Ratio stood at 18.57%, well above the regulatory requirement.
 
The sound financial performance and the strong balance-sheet footing is reflective of the bank’s solid business fundamentals coupled with prudent risk management practices. 

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