ISLAMABAD: On Tuesday, Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif expressed his deep concern about the worsening conditions in Gaza.
Taking to X (formerly known as Twitter), Shehbaz Sharif raised a poignant question, saying that there will be no value of aid if there are no longer any recipients in Gaza.
He strongly urged the United Nations and the international community to act promptly to secure a ceasefire, recognizing the urgency of the situation.
The former prime minister called for the immediate distribution of essential resources, including water, food, fuel, electricity, and crucial medical supplies, to alleviate the suffering of the Palestinian people.
He also emphasized the critical importance of not ignoring the gravity of the situation, stating, “We cannot turn a blind eye to war crimes justified as ‘self-defense.’ We vividly remember the decades-long injustices committed against the people of Palestine.”
“While I fear that it may already be too late, global leadership must acknowledge the deadly consequences of an unresolved Palestinian issue,” Shehbaz Sharif added.
SBP Earns Record Profit Of Rs 1.14 Trillion In The Fiscal Year 2022-23
Meanwhile, the central bank achieved a profit of 1.143 trillion. It marked a 52.51% year-on-year record increase compared to the profit of Rs749.43 billion in the Same Period Last Year (SPLY).
Breaking down the results, the central bank’s net profit from financial assets saw an impressive 2.2x year-on-year increase, reaching Rs2.04 trillion in FY23, in contrast to the Rs935.72 billion earned in FY22.
This substantial growth can be primarily attributed to the share of profit earned on financial assets measured at amortized cost, which the central bank reported at Rs2.19 trillion in FY23, reflecting a massive 2.23x year-on-year jump.
Additionally, this positive trend was further bolstered by a substantial reduction in markup expenses, which decreased by 2.44x year-on-year.
The SBP observed a significant shift in its Fair Valuation Adjustment for COVID-related loans (net). In FY22, this adjustment stood at a negative Rs63.22 billion. However, during the most recent fiscal year, it turned positive, amounting to Rs230.89 million.
