Former prime minister Nawaz Sharif, whose Pakistan Muslim League (Nawaz) party is trailing candidates backed by Imran Khan's Pakistan Tehreek-e-Insaf party. AFP
Former prime minister Nawaz Sharif, whose Pakistan Muslim League (Nawaz) party is trailing candidates backed by Imran Khan's Pakistan Tehreek-e-Insaf party. AFP
Former prime minister Nawaz Sharif, whose Pakistan Muslim League (Nawaz) party is trailing candidates backed by Imran Khan's Pakistan Tehreek-e-Insaf party. AFP
Former prime minister Nawaz Sharif, whose Pakistan Muslim League (Nawaz) party is trailing candidates backed by Imran Khan's Pakistan Tehreek-e-Insaf party. AFP

Pakistan election: Imran Khan-backed candidates pull ahead of Nawaz Sharif's party


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Independent candidates in Pakistan backed by jailed former prime minister Imran Khan surged ahead of the party of former leader Nawaz Sharif in national elections after the polling authority declared provisional results for 250 of the 266 seats in the lower house of Parliament.

Candidates backed by Khan’s Pakistan Tehreek-e-Insaf party were ahead with 99 seats, while the Pakistan Muslim League (Nawaz) party of three-time prime minister Mr Sharif had 71 seats, the Election Commission of Pakistan announced on Friday evening.

The Pakistan People's Party of Bilawal Bhutto Zardari, the son of assassinated prime minister Benazir Bhutto, had won 53 seats.

The final results were expected by Friday night. The election for one seat was postponed because of the death of a candidate.

The results were delayed after the vote was marred by sporadic violence and cuts to mobile phone services.

Pakistan’s key KSE-100 Index of shares fell the most in more than a month.

The main focus of the vote is on candidates backed by Khan, whose party won the last national election, and Mr Sharif, who is said to be backed by the country's powerful military.

A party needs 133 seats in parliament to secure a simple majority. If no party wins an outright majority, the one with the biggest share of the seats can form a coalition government.

The United States, Britain and the European Union on Friday separately expressed concerns about Pakistan's electoral process.

The US and the EU both mentioned allegations of interference, including arrests of activists, and added that claims of irregularities, interference and fraud should be fully investigated.

British foreign minister David Cameron's statement noted "serious concerns raised about the fairness and lack of inclusivity of the elections."

Addressing a rally in Lahore on Friday evening, Mr Sharif said he was looking co-operate with all parties to form a coalition government.

Mr Sharif acknowledged that, telling supporters “we don’t have enough of a majority to form a government without the support of others and we invite allies to join the coalition so we can make joint efforts to pull Pakistan out of its problems.”

“We will have to sit together to settle all matters,” he said.

He said his brother Shehbaz Sharif would be holding talks with leaders of the Pakistan People's Party (PPP), the Muttahida Qaumi Movement and other parties.

The main goal of all parties should be to solve the people's problems, particularly high inflation, he said.

Independents backed by Khan were also leading in the provincial assembly polls for Khyber Pakhtunkhwa, his home province, and in Punjab, a stronghold of Mr Sharif's party.

“The PTI has successfully used Imran Khan's’ imprisonment to boost sympathy and support for the party,” political analyst Sarfraz Khan told The National.

He said the elected independent candidates had two options: to either join a political party or remain as independent members in the National Assembly.

“If they remain independent, they will remain in the opposition and not be able to form government, despite being in majority. But if they join a political party, they could become part of the government.”

However, Haroon Rasheed, an analyst based in the capital, Islamabad, said the independent candidates could decide the next minister by forming an alliance with smaller parties.

“It remains to be seen if PML [Pakistan Muslim League] and PPP decide to form a coalition government, or if the independents outnumber them by joining up with smaller parties,” Mr Rasheed said.

“It will become clear in a day or two as to which bloc is able to form a government. But even if PML-N and PPP form a government, it would face a strong opposition” from the independents, he added.

Qaiser Jamal, leader of the Pakistan Tehreek-e-Insaf party in the Kohat district of Khyber Pakhtunkhwa province and a former member of the National Assembly, told The National that his party aimed to overcome the action taken against its leaders and would be a powerful stakeholder in the next government.

PTI candidates ran as independents after the Supreme Court and Election Commission said they could not use the party symbol – a cricket bat.

In Pakistan, parties use symbols to help illiterate voters find them on the ballots. PTI could not hold rallies or open campaign offices, while its online events were blocked. The party says such measures were unfair.

“It was a challenge for us to contest elections without the use of our traditional symbol, the cricket bat, on which we had worked for decades,” Mr Jamal said.

The Election Commission said earlier that an “internet issue” was the reason for the delay in results being announced. Mobile phone services, which were suspended by before the election on Thursday, were partially restored.

Authorities said the suspension was carried out as a security measure. Services were cut by “law and order agencies” after violence on Wednesday in which 26 people were killed, Reuters quoted Chief Election Commissioner Sikandar Sultan Raja as saying.

  • A disabled man being taken to cast his vote in Peshawar, Pakistan. Musa Kamal for The National
    A disabled man being taken to cast his vote in Peshawar, Pakistan. Musa Kamal for The National
  • A Pakistan People's Party awareness camp outside the polling station in Peshawar. Musa Kamal for The National
    A Pakistan People's Party awareness camp outside the polling station in Peshawar. Musa Kamal for The National
  • A security guard on duty outside the polling station in Peshawar. Musa Kamal for The National
    A security guard on duty outside the polling station in Peshawar. Musa Kamal for The National
  • Pakistan's President Ariv Alvi casts his vote at a polling station in Karachi during parliamentary elections. AP
    Pakistan's President Ariv Alvi casts his vote at a polling station in Karachi during parliamentary elections. AP
  • Voters register at a Pakistan Tehreek-e-Insaf voting registration camp in Lahore, Pakistan. Getty Images
    Voters register at a Pakistan Tehreek-e-Insaf voting registration camp in Lahore, Pakistan. Getty Images
  • Activists from the Pakistan Tehreek-e-Insaf party outside a polling station in Islamabad. AFP
    Activists from the Pakistan Tehreek-e-Insaf party outside a polling station in Islamabad. AFP
  • Shehbaz Sharif, centre, former prime minister and president of Pakistan Muslim League Nawaz casts his ballot in Lahore. EPA
    Shehbaz Sharif, centre, former prime minister and president of Pakistan Muslim League Nawaz casts his ballot in Lahore. EPA
  • Former Nigerian president Goodluck Jonathan, who is leading a Commonwealth monitoring team, visits the Election Commission of Pakistan's election monitoring control centre, where complaints are received and checked, in Rawalpindi. Reuters
    Former Nigerian president Goodluck Jonathan, who is leading a Commonwealth monitoring team, visits the Election Commission of Pakistan's election monitoring control centre, where complaints are received and checked, in Rawalpindi. Reuters
  • A Pakistani voter at a polling station in Wahgrian. Getty Images
    A Pakistani voter at a polling station in Wahgrian. Getty Images
  • Women show their ink-stained thumbs after voting in Karachi. AP
    Women show their ink-stained thumbs after voting in Karachi. AP
  • A woman casts her ballot at a polling station during Pakistan's national elections. AFP
    A woman casts her ballot at a polling station during Pakistan's national elections. AFP
  • Pakistani security officials guard a polling station in Lahore. EPA
    Pakistani security officials guard a polling station in Lahore. EPA
  • Pakistani soldiers patrol near polling stations in Karachi. EPA
    Pakistani soldiers patrol near polling stations in Karachi. EPA
  • A Pakistani soldier stands guard outside a polling station in Karachi. EPA
    A Pakistani soldier stands guard outside a polling station in Karachi. EPA
  • A voter in Karachi gets an ink mark on his thumb after casting his vote during the general election. Reuters
    A voter in Karachi gets an ink mark on his thumb after casting his vote during the general election. Reuters
  • A voter leaves the ballot booth in Karachi. Reuters
    A voter leaves the ballot booth in Karachi. Reuters
  • Supporters of Saeed Anwar Mehsud, an independent candidate from South Waziristan, sit inside their campaign office in Dera Ismail Khan. Reuters
    Supporters of Saeed Anwar Mehsud, an independent candidate from South Waziristan, sit inside their campaign office in Dera Ismail Khan. Reuters
  • Women wait outside a polling station for voting to begin in Lahore. Reuters
    Women wait outside a polling station for voting to begin in Lahore. Reuters
  • A polling officer sets up a polling station in Peshawar on the eve of the general election. EPA
    A polling officer sets up a polling station in Peshawar on the eve of the general election. EPA
  • Relatives mourn the death of victims after a bomb blast outside the office of an independent candidate in Pishin district, about 50km from Quetta. AFP
    Relatives mourn the death of victims after a bomb blast outside the office of an independent candidate in Pishin district, about 50km from Quetta. AFP
  • Officials collect evidence at the site of the bomb blast. AFP
    Officials collect evidence at the site of the bomb blast. AFP
  • Election commission workers unload election materials at a distribution centre in Khyber-Pakhtunkhwa province. EPA
    Election commission workers unload election materials at a distribution centre in Khyber-Pakhtunkhwa province. EPA

Thousands of troops were on the streets and at polling stations across the country on Thursday. The borders with Iran and Afghanistan were closed temporarily as security was increased in an effort to ensure peaceful polling.

But despite the heightened security, 12 people, including two children, were killed in 51 bomb blasts, grenade attacks and shootings by militants, mostly in western provinces, the military said in a statement.

The dead included five police killed in attacks in the Kulachi area of Dera Ismail Khan, Khyber Pakhtunkhwa, authorities said. Two children died in a blast outside a women's polling station in Balochistan province.

UN Secretary General Antonio Guterres expressed concern about the violence and the suspension of mobile services, according to a statement.

With additional reporting by Muhammad Shahid

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Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

While you're here
A cryptocurrency primer for beginners

Cryptocurrency Investing  for Dummies – by Kiana Danial 

There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine. 

Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.

Although cryptocurrencies are a fast evolving world, this  book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.

Begin your cryptocurrency journey here. 

Available at Magrudy’s , Dh104 

The specs

Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder

Power: 220 and 280 horsepower

Torque: 350 and 360Nm

Transmission: eight-speed automatic

Price: from Dh136,521 VAT and Dh166,464 VAT 

On sale: now

Who is Mohammed Al Halbousi?

The new speaker of Iraq’s parliament Mohammed Al Halbousi is the youngest person ever to serve in the role.

The 37-year-old was born in Al Garmah in Anbar and studied civil engineering in Baghdad before going into business. His development company Al Hadeed undertook reconstruction contracts rebuilding parts of Fallujah’s infrastructure.

He entered parliament in 2014 and served as a member of the human rights and finance committees until 2017. In August last year he was appointed governor of Anbar, a role in which he has struggled to secure funding to provide services in the war-damaged province and to secure the withdrawal of Shia militias. He relinquished the post when he was sworn in as a member of parliament on September 3.

He is a member of the Al Hal Sunni-based political party and the Sunni-led Coalition of Iraqi Forces, which is Iraq’s largest Sunni alliance with 37 seats from the May 12 election.

He maintains good relations with former Prime Minister Nouri Al Maliki’s State of Law Coaliton, Hadi Al Amiri’s Badr Organisation and Iranian officials.

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

SERIE A FIXTURES

Saturday Benevento v Atalanta (2pm), Genoa v Bologna (5pm), AC Milan v Torino (7.45pm)

Sunday Roma v Inter Milan (3.30pm), Udinese v Napoli, Hellas Verona v Crotone, Parma v Lazio (2pm), Fiorentina v Cagliari (9pm), Juventus v Sassuolo (11.45pm)

Monday Spezia v Sampdoria (11.45pm)

APPLE IPAD MINI (A17 PRO)

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

Storage: 128/256/512GB

Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

UAE-based players

Goodlands Riders: Jamshaid Butt, Ali Abid, JD Mahesh, Vibhor Shahi, Faizan Asif, Nadeem Rahim

Rose Hill Warriors: Faraz Sheikh, Ashok Kumar, Thabreez Ali, Janaka Chathuranga, Muzammil Afridi, Ameer Hamza

The Penguin

Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz

Creator: Lauren LeFranc

Rating: 4/5

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

Company Profile:

Name: The Protein Bakeshop

Date of start: 2013

Founders: Rashi Chowdhary and Saad Umerani

Based: Dubai

Size, number of employees: 12

Funding/investors:  $400,000 (2018) 

The candidates

Dr Ayham Ammora, scientist and business executive

Ali Azeem, business leader

Tony Booth, professor of education

Lord Browne, former BP chief executive

Dr Mohamed El-Erian, economist

Professor Wyn Evans, astrophysicist

Dr Mark Mann, scientist

Gina MIller, anti-Brexit campaigner

Lord Smith, former Cabinet minister

Sandi Toksvig, broadcaster

 

Pharaoh's curse

British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.

Company%20profile
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Day 5, Abu Dhabi Test: At a glance

Moment of the day When Dilruwan Perera dismissed Yasir Shah to end Pakistan’s limp resistance, the Sri Lankans charged around the field with the fevered delirium of a side not used to winning. Trouble was, they had not. The delivery was deemed a no ball. Sri Lanka had a nervy wait, but it was merely a stay of execution for the beleaguered hosts.

Stat of the day – 5 Pakistan have lost all 10 wickets on the fifth day of a Test five times since the start of 2016. It is an alarming departure for a side who had apparently erased regular collapses from their resume. “The only thing I can say, it’s not a mitigating excuse at all, but that’s a young batting line up, obviously trying to find their way,” said Mickey Arthur, Pakistan’s coach.

The verdict Test matches in the UAE are known for speeding up on the last two days, but this was extreme. The first two innings of this Test took 11 sessions to complete. The remaining two were done in less than four. The nature of Pakistan’s capitulation at the end showed just how difficult the transition is going to be in the post Misbah-ul-Haq era.

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

About Krews

Founder: Ahmed Al Qubaisi

Based: Abu Dhabi

Founded: January 2019

Number of employees: 10

Sector: Technology/Social media 

Funding to date: Estimated $300,000 from Hub71 in-kind support

 

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

The biog

Name: Mohammed Imtiaz

From: Gujranwala, Pakistan

Arrived in the UAE: 1976

Favourite clothes to make: Suit

Cost of a hand-made suit: From Dh550

 

HOW TO WATCH

Facebook: TheNationalNews 

Twitter: @thenationalnews 

Instagram: @thenationalnews.com 

TikTok: @thenationalnews   

The specs: 2018 Maserati Ghibli

Price, base / as tested: Dh269,000 / Dh369,000

Engine: 3.0-litre twin-turbocharged V6

Transmission: Eight-speed automatic

Power: 355hp @ 5,500rpm

Torque: 500Nm @ 4,500rpm

Fuel economy, combined: 8.9L / 100km

The specs: 2018 Maserati Levante S

Price, base / as tested: Dh409,000 / Dh467,000

Engine: 3.0-litre V6

Transmission: Eight-speed automatic

Power: 430hp @ 5,750rpm

Torque: 580Nm @ 4,500rpm

Fuel economy, combined: 10.9L / 100km

Sunday's games

Liverpool v West Ham United, 4.30pm (UAE)
Southampton v Burnley, 4.30pm
Arsenal v Manchester City, 7pm

Don't get fined

The UAE FTA requires following to be kept:

  • Records of all supplies and imports of goods and services
  • All tax invoices and tax credit notes
  • Alternative documents related to receiving goods or services
  • All tax invoices and tax credit notes
  • Alternative documents issued
  • Records of goods and services that have been disposed of or used for matters not related to business
MATCH INFO

Uefa Champioons League semi-final:

First leg: Liverpool 5 Roma 2

Second leg: Wednesday, May 2, Stadio Olimpico, Rome

TV: BeIN Sports, 10.45pm (UAE)

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Ordinary Virtues: Moral Order in a Divided World by Michael Ignatieff
Harvard University Press

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'Gold'

Director:Anthony Hayes

Stars:Zaf Efron, Anthony Hayes

Rating:3/5

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Updated: February 10, 2024, 12:00 AM