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  • Surge in most tech lifts the S&P 500 beyond 6,600 level

    Surge in most tech lifts the S&P 500 beyond 6,600 level

    Google CEO Sundar Pichai gives a thumbs up as he arrives to attend the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, February 11, 2025.

    Benoit Tessier | Reuters

    Congratulations are due to Alphabet for joining the $3 trillion club, to which only Apple, Microsoft and Nvidia have memberships. The Google parent has artificial intelligence —what else? — to thank for its inclusion in that rarefied space.

    Ironically, it isn't because Google's AI offerings have been blowing investors away. (I heard Gemini can teach me how to take better photos on Google's Pixel smartphone.) It's the fact that Google has been falling behind AI companies such as OpenAI and Perplexity — which allowed it to escape divesting its Chrome browser in a recent antitrust ruling — that gave its shares a nice bump this month

    If AI isn't having the desired effect on stocks, there's nothing that good old cash won't solve. Tesla shares jumped Monday after its CEO Elon Musk disclosed a $1 billion purchase of the stock, erasing the company's losses for the year. Elsewhere, shares of CoreWeave popped 7.6% after the cloud infrastructure provider announced an order of at least $6.3 billion from Nvidia.

    Buoyed by those gains, the S&P 500 and Nasdaq Composite secured new closing highs, with the former exceeding the 6,600 level for the first time. Hey Alexa, create an image of traders popping champagne in the New York Stock Exchange.

    What you need to know today

    U.S. has reached TikTok 'framework' with China. The deal involves "two private parties," U.S. Treasury Secretary Scott Bessent said Monday. The presidents of both nations will meet Friday to discuss the terms.

    Elon Musk reveals $1 billion stock purchase of Tesla. It's the first time since February 2020 that Musk, CEO of Tesla, has bought shares of the company in the open market. Tesla shares jumped 3.6after what looks to be a vote of confidence from Musk.

    Alphabet's valuation hits $3 trillion. After its shares rose 4.5%, the search giant joined the ranks of Nvidia, Microsoft and Apple. Alphabet stock experienced a significant bump in early September after a ruling from a judge in an antitrust case.

    The S&P 500 closes above 6,600 for the first time. On Monday, the Nasdaq Composite also closed at a fresh record, while the Dow Jones Industrial Average ticked up 0.1%. Europe's Stoxx 600 index added 0.42%.

    [PRO] A rate cut might not be unambiguously good for stocks. According to Evercore ISI, historical data from 1970 showed that the nature of the cut — "because they can" or "because they have to" — affects how stocks perform the year ahead.

    And finally...

    U.S. President Donald Trump speaks to reporters before boarding Air Force One at Morristown Airport on September 14, 2025 in Morristown, New Jersey.

    Kevin Dietsch | Getty Images News | Getty Images

    Trump advocates end to quarterly earnings reports

    U.S. President Donald Trump floated the idea Monday of companies no longer providing earnings report on a quarterly basis and switching to semiannual instead, saying it is "would "save money, and allow managers to focus on properly running their companies."

    The U.S. Securities and Exchange Commission told CNBC later Monday that it is actively looking into that plan.

    — Jeff Cox


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  • The #1 Habit to Break on the Mediterranean Diet

    The #1 Habit to Break on the Mediterranean Diet

    • The Mediterranean diet is less of a “diet” and more of a sustainable eating pattern focused on whole foods.
    • But if you’re primarily eating prepared meals and snacks or from restaurants, it can dampen the benefits. 
    • Cutting back on these foods and eating more legumes, fruits, vegetables and fatty fish can improve health.

    The Mediterranean Diet isn’t new—it’s thought to have ancient roots, with traditions of eating plant-based foods, olive oil and seafood dating back to Mesopotamia. “The Mediterranean diet is one of the most well-researched and evidence-based eating patterns, and it doesn’t require strict rules, calorie counting or macro tracking,” says Kat Benson, CSSD, CPT, RDN. 

    Research has shown that this style of eating can help reduce the risk of chronic conditions such as cardiovascular disease, diabetes and even neurodegenerative diseases. And while it’s relatively easy to follow—and to Benson’s point, not overly restrictive—there’s one habit you want to break to fully reap the benefits of this diet: consuming mostly prepared foods or eating most meals out at restaurants. To clarify, these foods are okay to enjoy in moderation. Often, making your own meals and snacks at home translates to lower added sugar and salt consumption. (You control how much sugar, salt and fats go into your food when you prepare it yourself).

    How Preparing Meals Yourself Can Help You Follow the Med Diet

    The Mediterranean diet is, by nature, designed to be sustainable and easy to follow. “One of the major principles of the Mediterranean diet is consuming whole foods instead of foods that have been ultra-processed,” says Destini Moody, RD, CSSD, LD. 

    However, this often means making your own meals, versus turning to prepared dishes or takeout. To clarify, not all frozen meals or takeout are unhealthy, but they can be higher in added sugars, sodium and saturated fats than you might expect. As a result, they also tend to have more total calories than meals you’d prepare at home. “Reducing your reliance on ultra-processed meals and snacks makes it easier to align with the Mediterranean style of eating and unlock the full benefits of this approach,” Benson says.

    Breaking this reliance can help you try new nutritious foods and increase your intake of healthy nutrients that can support your overall health. 

    Enables you to eat more whole foods 

    “When you reduce ultra-processed foods [in your diet], you tend to choose whole foods that contain antioxidants, which have been linked to a longer life when consumed regularly,” Moody says. “Instead of eating snacks like veggie straws and fruit snacks, snack on baby carrots and hummus or dried food.”

    Not to mention, when you reduce your intake of prepared foods that can be high in added sugar and sodium, it allows you to try and experiment with whole foods you may not usually eat or cook with. Think of this as a way you can expand your palate. 

    Promotes longevity & overall health

    Some prepared foods are high in calories but don’t offer much nutrition, compared to more nutrient-dense whole foods. In fact, research often shows that eating more whole foods—and preparing foods yourself—is associated with reduced risk of chronic diseases such as diabetes, hypertension and certain cancers. One study found that those who cooked more than five times a week ate more fruits and veggies than those who cooked less than three times a week. What’s more, those who cooked more were 28% less likely to have an overweight BMI and 24% less likely to have excess body fat.

    Not only does cooking for yourself improve your health, it may also increase your lifespan. Research suggests that cooking can offer older adults a range of benefits—from improved cognitive support and overall well-being to greater social connection. These are just some of the reasons why cooking meals at home for yourself and others is linked to a longer, higher-quality life.

    Encourages mindfulness and skill-building in the kitchen

    Cooking is just one way to practice mindfulness, or staying connected to how your body feels and aware of your surroundings. It can also challenge you to try new recipes in the kitchen. “Moving away from packaged meals helps you build cooking skills and be more intentional with your food choices, which can make healthy eating feel more enjoyable and sustainable,” Benson says.

    Other Tips for Following the Mediterranean Diet  

    In addition to reducing your intake of prepared foods high in added sugar and salt, follow these RD-backed tips to get the most out of the Mediterranean diet. 

    • Shop wisely. One of the biggest perks of following this style of eating is having fun trying new whole foods. But at the same time, you don’t want to over-buy fresh foods as they can spoil faster. Luckily, frozen and canned produce can be just as nutritious as fresh—so long as they aren’t prepared with sauces or syrups with added sugar or sodium. “Rotate a few go-to vegetables or fruits throughout the week instead of trying to buy too many options,” Benson advises. “This keeps meals realistic, reduces waste and still ensures variety.”
    • Balance your plate. Whole foods are important, but so is getting the right balance of macronutrients. “Aim for a mix of carbohydrates, fiber, protein and fats at most meals,” Benson says. “Healthy fats—like nuts, seeds, olive oil and avocado—are key for hormone and brain health.” 
    • Focus on addition. Removing all prepared foods abruptly isn’t a necessary or sustainable strategy. Instead, focus on what you can add—fruits, vegetables, legumes, nuts, seeds, healthy fats, dairy and lean proteins. “Changes that are too dramatic and abrupt don’t tend to last and may make people feeling frustrated, deprived and unhappy with their eating experiences,” Moody says. 
    • Don’t chase perfection. “Focus on one meal or one day at a time,” Benson says. “Progress is more important than perfection.” For example, you may start by preparing just one or two go-to dishes each week, like a Three Bean Salad paired with a Chicken & Quinoa Casserole. Both of these dishes make several servings, so you can enjoy it throughout the week. 

    Our Expert Take 

    When it comes to longevity and well-being, the Mediterranean diet is one of the best eating patterns you can follow. It’s also one of the most sustainable as it doesn’t require you to restrict calories or avoid entire food groups. That said, the number one habit you’ll want to break is reaching for prepared foods, like ultra-processed foods and restaurant meals, too often, as they can be high in added sugar and salt. Breaking this habit can help you introduce more whole foods into your diet and allow you to get creative in the kitchen. Happy cooking! 

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  • Hubble just revealed the fiery heart of the Cigar Galaxy

    Hubble just revealed the fiery heart of the Cigar Galaxy

    What lurks behind the dense, dusty clouds of this galactic neighbor? There lies the star-powered heart of the galaxy Messier 82 (M82), also known as the Cigar Galaxy. Located just 12 million light-years away in the constellation Ursa Major (The Great Bear), the Cigar Galaxy is considered a nearby galaxy. As this Hubble Space Telescope Picture of the Week shows in great detail, it’s home to brilliant stars whose light is shaded by sculptural clouds, clumps and streaks of dust and gas.

    It’s no surprise that the Cigar Galaxy is so packed with stars, obscured though they might be by the distinctive clouds pictured here. Forming stars 10 times faster than the Milky Way, the Cigar Galaxy is what astronomers call a starburst galaxy. The intense starburst period that grips this galaxy has given rise to super star clusters in the galaxy’s heart. Each of these super star clusters contains hundreds of thousands of stars and is more luminous than a typical star cluster. Researchers used Hubble to home in on these massive clusters and reveal how they form and evolve.

    Hubble’s views of the Cigar Galaxy have been featured before, both as a previous Picture of the Week in 2012 and as an image released in celebration of Hubble’s 16th birthday. The James Webb Space Telescope has also turned toward the Cigar Galaxy, producing infrared images in 2024 and earlier this year.

    This image features something not seen in previously released Hubble images of the galaxy: data from the High Resolution Channel of the Advanced Camera for Surveys (ACS). The High Resolution Channel is one of three sub-instruments of ACS, which was installed in 2002. In five years of operation, the High Resolution Channel returned fantastically detailed observations of crowded, starry environments like the centers of starburst galaxies. An electronics fault in 2007 unfortunately left the High Resolution Channel disabled.

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  • NASA to Launch Space Weather Missions

    NASA to Launch Space Weather Missions

    Launching with IMAP (Interstellar Mapping and Acceleration Probe) are two rideshare missions, NASA’s Carruthers Geocorona Observatory and the National Oceanic and Atmospheric Administration’s (NOAA) Space Weather Follow On-Lagrange 1 (SWFO-L1), both of which will provide insight into space weather and its impacts at Earth and across the solar system.

    Liftoff of the missions on a SpaceX Falcon 9 rocket is targeted for Tuesday, September. 23, from Launch Complex 39A at NASA’s Kennedy Space Center in Florida.

    The IMAP spacecraft will study how the Sun’s energy and particles interact with the heliosphere — an enormous protective bubble of space around our solar system — to enhance our understanding of space weather, cosmic radiation, and their impacts on Earth and human and robotic space explorers. The spacecraft and its two rideshares will orbit approximately one million miles from Earth, positioned toward the Sun at a location known as Lagrange Point 1.

    NASA’s Carruthers Geocorona Observatory is a small satellite that will observe Earth’s outermost atmospheric layer, the exosphere. It will image the faint glow of ultraviolet light from this region, called the geocorona, to better understand how space weather impacts our planet. The Carruthers mission continues the legacy of the Apollo era, expanding on measurements first taken during Apollo 16.

    The SWFO-L1 spacecraft will monitor space weather and detect solar storms in advance, serving as an early warning beacon for potentially disruptive space weather, helping safeguard Earth’s critical infrastructure and technological-dependent industries. The SWFO-L1 spacecraft is the first NOAA observatory designed specifically for and fully dedicated to continuous, operational space weather observations.

    Image: From left to right, NASA’s Carruthers Geocorona Observatory, IMAP (Interstellar Mapping and Acceleration Probe), and the National Oceanic and Atmospheric Administration’s (NOAA) Space Weather Follow On-Lagrange 1 (SWFO-L1) missions will map our Sun’s influence across the solar system in new ways. Credit: NASA


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  • Ricoh partners with Plug and Play to accelerate collaboration with startups and emerging technologies | Global

    Ricoh partners with Plug and Play to accelerate collaboration with startups and emerging technologies | Global

    TOKYO, September 16, 2025 – Ricoh Company, Ltd. today announced that it has entered into a partnership with Plug and Play, a leading innovation platform headquartered in Sunnyvale, California, United States. Through this partnership, Ricoh will strengthen its engagement with cutting-edge startups, with a focus on creating new workplace solutions as a digital services company.

    The partnership gives Ricoh access to Plug and Play’s global network of startups and innovation programs, enabling the company to uncover emerging technologies and explore collaboration opportunities more effectively. By engaging with startups from the early stages of development in a cost-effective way, Ricoh can accelerate the testing and integration of promising technologies. In particular, the partnership will strengthen Ricoh’s exploration of advanced AI and workplace innovation, while also enhancing its visibility within Plug and Play’s global innovation ecosystem. These efforts will help Ricoh to speed up the development of new solutions, validate them quickly in the market, and deliver greater value to customers worldwide.

    Plug and Play’s platform also provides Ricoh with access to cross-industry innovation. With programs spanning more than 25 industries — including Enterprise & AI, Deeptech, Health, and more — Ricoh will be able to discover solutions that transcend traditional industry boundaries and introduce new perspectives on workplace transformation. This partnership also expands business development opportunities for both startups and corporates within Plug and Play’s global ecosystem.

    In April 2025, Ricoh established Research and Development Americas, a global R&D hub in Silicon Valley dedicated to exploring advanced technologies and fostering collaborations with startups. R&D Americas emphasizes a market-in and open innovation approach, engaging in dialogue with the market, testing ideas, and working across divisions to continually refresh Ricoh’s research priorities. By combining these practices with advanced research methods and digital tools such as generative AI, Ricoh is enhancing its ability to gather, analyze, and apply information efficiently—helping to identify future core technologies and target markets.

    Yasuyuki Nomizu, Corporate Senior Vice President and Chief Technology Officer of Ricoh Company, Ltd., said: “Partnering with Plug and Play gives Ricoh direct access to one of the most dynamic startup ecosystems in the world, enabling us to accelerate the development of new workplace solutions and deliver greater value to our customers. Through Ricoh’s deep expertise in workplace innovation and Plug and Play’s curated network of startups, we can collaboratively explore advanced technologies and bring meaningful innovation to the workplace.”

    Saeed Amidi, Founder and CEO of Plug and Play, said, “We are delighted to welcome Ricoh to our global innovation platform. As an innovative leader, Ricoh is committed to driving innovation and supporting startups across multiple industries. Together, we will explore transformative solutions that enhance Ricoh’s digital services strategy and workplace offerings, creating new value for businesses worldwide.”

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  • NEC Publishes ESG Initiatives Supporting Sustainable Growth in “ESG Databook 2025”: Press Releases

    NEC Publishes ESG Initiatives Supporting Sustainable Growth in “ESG Databook 2025”: Press Releases

    Tokyo – September 16, 2025 – NEC Corporation (NEC; TSE: 6701) has published the ESG Databook 2025, a report on its Environmental, Social, and Governance (ESG) initiatives from April 2024 onwards.

    NEC ESG Databook 2025
    URL: https://www.nec.com/en/global/sustainability/report/index.html

    As outlined in its Mid-term Management Plan 2025 (*), NEC aims to create social and environmental value through its business, focusing on growth areas. As part of its financial strategy, NEC is strengthening its non-financial foundations to support the sustainable growth of the company and society. The ESG Databook 2025 was composed with reference to the four components of sustainability information disclosure standards of the International Sustainability Standards Board (ISSB) and the Sustainability Standards Board of Japan (SSBJ), consisting of: “Governance,” “Strategy,” “Risk Management (including NEC’s unique approach to opportunity creation),” and “Metrics and Targets.”

    As a result of these efforts, NEC continues to be included in major ESG indices, such as the Dow Jones Best-in-Class World Index and Asia Pacific Index, the FTSE4Good Index Series, and the MSCI ESG Leaders Indexes, which is one of the financial strategy targets set in the Mid-term Management Plan 2025.

    The main initiatives outlined in the ESG Databook 2025 are as follows:


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  • Scientists map kissing bugs beyond the Americas to assess Chagas threat

    Scientists map kissing bugs beyond the Americas to assess Chagas threat

    A groundbreaking dataset charts the distribution of kissing bug species across three continents, providing public health officials with the insights needed to prevent new Chagas disease outbreaks.

    Data release: Triatomines outside the Americas: a comprehensive dataset for the global surveillance of Chagas disease vectors. Image Credit: Oktavianus Mulyadi  / Shutterstock

    In a recent study published in the journal Gigabyte, researchers investigated, collated, and synthesized the first comprehensive dataset tracking the global distribution of non-American populations of 16 species of “kissing bugs” (triatomine bugs), the neglected vectors of Chagas disease.

    The compiled resource details the locations of these bugs across Africa, Asia, and Oceania, based on nearly a century of records, providing a critical tool for international surveillance and helping public health officials assess and manage the risk of local Chagas transmission worldwide.

    Background

    Chagas disease (“American trypanosomiasis”) is a tropical parasitic illness caused by the Trypanosoma cruzi parasite, characterized by mild, flu-like, or unnoticeable symptoms (acute phase) followed by potentially fatal damage to the heart and digestive system (chronic phase) years later.

    Traditionally restricted to Latin America, the global dispersal of the parasite through anthropogenic transfer (human migration) is raising substantial concerns about potential global outbreaks across virtually every continent. Chagas disease is primarily transmitted through contact with the feces of infected insects known as triatomine bugs, which acquire the parasite by biting an infected human.

    Global outbreak fears centre around the following scenario: if an infected person settles in a region where native kissing bugs exist, those local insects could bite the patient, become infected themselves, and establish a brand-new cycle of transmission far from the disease’s native American origin.

    Unfortunately, while enhanced surveillance may have prevented local disease outbreaks, a persistent lack of a clear, consolidated map of where these potential vectors exist in Africa, Asia, and Oceania has hampered vector monitoring efforts.

    Global distribution of people with Chagas disease and triatomine vectors. Green polygons indicate countries with people infected with Trypanosoma cruzi, according to the latest official estimates (2018). Orange dots represent records of American triatomine speciesand red dots represent non-American triatomine species 

    Global distribution of people with Chagas disease and triatomine vectors. Green polygons indicate countries with people infected with Trypanosoma cruzi, according to the latest official estimates (2018). Orange dots represent records of American triatomine speciesand red dots represent non-American triatomine species 

    About the Study

    The present study aims to address this knowledge gap and inform public health efforts by consolidating nearly a century of sightings of 16 species from the genera Triatoma and Linshcosteus outside their native American range.

    The dataset comprised records collected between 1926 and 2022, acquired from scientific publications, museum collections, and public biodiversity databases (n = 7: BioOne, PLoS, Google Scholar, ScienceDirect, Wiley, PubMed, and Scielo), as well as citizen-science platforms such as iNaturalist/GBIF. The dataset further incorporated unpublished data from collaborators, providing the most up-to-date information possible.

    All records were subjected to a rigorous and meticulous screening and verification process, with all included datapoints cleaned for errors and georeferenced using Google Earth (assigned precise geographic latitude and longitude coordinates). Darwin Core terms were leveraged to collate and synthesize per-sample metadata (n = 6), including specimen identifiers, systematic information, geographical information, temporal information, sampling notes, and individual details.

    Study Findings

    The present work’s final product (novel database) is a robust and open-access dataset containing 396 verified records for 16 different species of kissing bugs. It provides the most accurate map to date of these potential Chagas vectors across 34 countries and overseas territories in Africa, Asia, and Oceania.

    Possibly the most significant study finding concerns Triatoma rubrofasciata, a highly adaptable generalist species that accounts for 317 of the 396 included records. Historically associated with coastal port cities (likely due to anthropogenic transport via ships), the study reveals that this bug has established populations hundreds of kilometers inland in countries such as China, India, and Vietnam, vastly expanding its known territory and potential to transmit Chagas disease.

    The present study also includes the first-ever public geographical records for two newly described species, Triatoma atrata and Triatoma picta, both of which occur in China. For many other species, the present dataset provides the first scientific confirmation of species presence in a particular region in more than 50 years, replacing vague historical notes with concrete, verified, and modern evidence.

    Notably, despite the dataset spanning 1926 through 2022, over 95% of the records for the widespread T. rubrofasciata have been collected in just the last 10 years, highlighting the power of modern data collection and the alarming, human-mediated spread of this Chagas disease vector.

    The authors also emphasize that about 27% of the records lacked collection dates, around 7% lacked geographic coordinates, and most records came from domiciliary or peridomiciliary habitats, highlighting potential data biases that should be considered in future analyses.

    They further note that a historical record of T. rubrofasciata from Spain was excluded due to uncertain geographic information, highlighting the risk of passive transport and the need for careful validation.

    Conclusions

    The present study provides the first comprehensive catalogue of non-American kissing bugs, offering public health officials and government agencies the information necessary to perform accurate risk assessments and design targeted vector control strategies. It complements existing American and Argentinean triatomine datasets as part of an integrated global surveillance framework.

    As Chagas disease continues its silent spread across continents, knowing where its vectors live is the first and most critical step in preventing new, localized outbreaks.

    Journal reference:

    • Ceccarelli, S., Vicente, M. E., Liu, Q., Zhou, X.-N., Wu, D., Balsalobre, A., Bruno, E. A., Barboza, S. E., Valente, R., & Marti, G. A. (2025). Triatomines outside the Americas: a comprehensive dataset for the global surveillance of Chagas disease vectors. Gigabyte, 2025. DOI – 10.46471/gigabyte.163, https://gigabytejournal.com/articles/163

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  • Indus River swelling at Sukkur, Guddu barrages

    Indus River swelling at Sukkur, Guddu barrages



    People taking selfies at Sukkur Barrage. — AFP/File

    SUKKUR/LAHORE: The Indus River continues to swell dangerously at Sukkur and Guddu Barrages, with the Pakistan Meteorological Department (PMD) warning that a high flood level will persist for several days.

    At Guddu Barrage, inflows have crossed 612,000 cusecs, while outflows are near 583,000 cusecs. The water level has surged by 70,000 cusecs in just 24 hours, causing extensive flooding in kutcha areas.

    Hundreds of villages near Kandhkot and along riverbanks have been submerged, displacing families and destroying crops and livestock. More than 15 villages in Kamaldero’s riverine belt have gone completely under water, cutting off ground access and leaving residents stranded. In Mahi’s kutcha belt, houses and hundreds of acres of standing crops have been washed away. Villagers are constructing makeshift embankments on a self-help basis to save their settlements.

    At the SN protective embankment, flows have exceeded 400,000 cusecs, putting severe pressure on the dyke. In Kandiaro taluka, over 40 villages are now surrounded by water, creating hardships for the local population. The affected communities have appealed for immediate government relief and safe relocation.

    Meanwhile, the temporary embankment near the Kandhkot-Ghotki bridge has been washed away by strong currents, allowing floodwaters to advance towards the protective dyke. In Kashmore’s kutcha areas, more than 200 villages have been inundated, cutting off road access. With no formal rescue operations launched so far, villagers have begun migrating on their own and demanded urgent evacuation of the stranded population and livestock.

    Near Buxapur, a breach developed in the Khahi canal branch, with floodwaters now heading towards a gas pipeline and nearby settlements. Irrigation officials have yet to reach the site.

    In Ghotki, the management of the Qadirpur gas field confirmed that floodwaters have reached the platforms of several wells. Officials reported that waters have entered the ERW system in Block-VI, submerging 10 wells. As a result, gas production has been suspended for the past two days. The ERW platform — untouched during the 2010 super flood — has now been impacted. The Qadirpur field remains one of Pakistan’s largest gas reserves.

    Commissioner Sukkur Division Abid Saleem Qureshi has directed administrative officers of Sukkur, Khairpur, and Ghotki to prepare detailed lists of kutcha villages inundated when Guddu Barrage touched 633,000 cusecs and Sukkur Barrage reached 540,000 cusecs. He stressed that union council-wise data on partially and fully submerged settlements, and the population that migrated with their livestock, should be compiled with the help of revenue staff, locals, police, and social organisations.

    The commissioner said this data will be vital for future rescue and relief operations. Administrative officers of all three districts assured compliance, while Commissioner Qureshi also indicated that water levels at Guddu Barrage might begin to decline from this evening.

    Separately, Chief Minister Maryam Nawaz on Monday visited Alipur, a tehsil of Muzaffargarh, one of the worst-hit areas by recent flooding, to review relief efforts and express solidarity with affected families.

    During her visit, she toured flood-hit areas of Alipur city and inspected the flood relief camp established at Government High School Alipur. She personally handed over financial assistance cheques to families who lost their loved ones in the devastating floods. Interacting warmly with victims, she assured them that the Punjab government would provide full redress of damages and ensure their complete rehabilitation at the earliest.

    In a symbolic gesture of compassion, Maryam served food from a ‘degh’ herself and distributed meals among women and children. She also sat with flood-hit women to share a meal. Several young girls hugged her and expressed their affection, while fulfilling the wish of one child, she played cricket at the camp, bowled a few deliveries and cheered the child’s batting.

    Maryam also visited a temporary classroom set up in the camp, spoke light-heartedly with children, and inquired about their studies. She reviewed the facilities being provided at the camp, including food, medical aid and other necessities, and distributed gifts among flood-affected families. She expressed special gratitude to the Pakistan Navy for its active support in rescue and relief operations.

    Briefing the chief minister, the deputy commissioner and DG PDMA said 147 villages of Muzaffargarh district had been badly affected, impacting over 394,000 people. Alipur tehsil was among the hardest hit, with 26 villages submerged. A total of 37 flood relief camps and eight tent cities have been established for displaced families.

    Reaffirming her government’s commitment, Maryam said Punjab stands firmly with flood victims and will ensure their complete rehabilitation.

    Meanwhile, upon her return to Lahore, the chief minister dispatched relief goods for Gaza. Pakistan is sending 100 tons of food items, including 32 essentials, for the Palestinian people. “The hearts of Pakistanis beat with their Palestinian brothers and sisters. Every sensitive heart is disturbed by the atrocities on innocent Muslims of Gaza,” she said.

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  • FBR rejects PCA report on Rs100bn revenue losses from FCA

    FBR rejects PCA report on Rs100bn revenue losses from FCA



    The Federal Board of Revenue (FBR) building can be seen. — X@FBRSpokesperson/File

    ISLAMABAD: The Federal Board of Revenue (FBR) has declared that the Pakistan Customs Audit (PCA) report about revenue losses of Rs100 billion in the aftermath of the implementation of Faceless Customs Assessment (FCA) was factually incorrect.

    It was stated that the PCA report was prepared by two officers who were superseded, and now an inquiry committee has been constituted to probe this report, its leakage to the media, fix responsibility, and take stern actions against them.

    “After the implementation of Faceless Customs Assessment, the revenue has gone up based on the GDs (Goods Declarations). Certain elements want rollback of this system because now they are unable to clear their goods in a managed manner,” FBR Chairman Rashid Mehmood Langrial, along with Member Customs Operation Syed Shakeel Shah and other senior officials of Customs, stated while addressing a press conference here at FBR’s headquarters on Monday night.

    The FBR high-ups said that the tax officers’ categorisation was in place for ascertaining their integrity, and it was used to grant promotions to the officers. The FBR high-ups briefed the media for almost two hours as it was bifurcated into two parts as the Member Customs Operation along with his team shared the details of FCA and Pakistan Customs Audit (PCA) report and stated that it was found in the PCA report that 1006 GDs of restricted edible goods worth Rs10.5 billion were cleared in violation of import policy order, implying that FCA allowed restricted without mandatory NOCs or certificates. Now the factual position claimed by the FBR argues that in Pakistan Single Window, OGAs directly apply their regulations as goods are automatically blocked at the gate-out if no certificates are uploaded. The import handling of restricted items remains unchanged from pre-FCA practice. Scrutiny of all consignments confirmed that they were cleared in accordance with the import policy order compliance.

    It was also told in the PCA report that the FCA overlooked gross under-invoicing of used cars and SUVs (3-5 years old), so FCA allowed trade-based money laundering (TBML) and led to incorrect fines for mis-declaration.

    It was cited that the land cruiser was cleared at Rs17,000. The FBR high-ups said that Rs42 million was collected in the shape of duty and taxes, and its value was assessed at its actual price and not on the basis of the declared invoice.

    “The import allowed under the Gift/Residence scheme for overseas Pakistanis. The non-commercial imports mean no forex outflow from Pakistan or no TMBL risk as the transaction occurred outside Pakistan’s economic boundary. The duty/taxes are assessed on the notified valuation tables, not on declared invoices,” said the FBR official.

    This scheme, he said, was in place for decades and the issue cannot be attributed to FCA at any account, said the official. About the loss to revenues due to FCA, it was claimed in the PCA report that a Rs30 billion loss was incurred by not framing contravention cases on every GD where additional revenue was assessed, another Rs5 billion loss from miscalculation, valuation gaps, and inadmissible concessions.

    The FBR high-ups say that the audit report shared with respective Collectorates for detailed review and scrutiny of results is expected. Where shortfall confirmed recoveries will be made as per law after completion of the audit cycle. The gaps identified will be used for system improvement, not just revenue recovery.

    The PCA claims of Rs53 billion loss were incorrect, wrongly worked out by treating every valuation difference as misdeclaration. The PCA’s Rs 1445 million valuation ruling gap was exaggerated as Collectorates found Rs58 million potential.

    The PCA report was leaked to the media before FBR’s internal review, creating public perception on FCA failure. The FBR has constituted an inquiry committee to identify and fix responsibility for the leaks, they concluded.

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  • Delhi’s refusal to allow Sikh pilgrimage to Pakistan sparks outrage

    Delhi’s refusal to allow Sikh pilgrimage to Pakistan sparks outrage



    Sikh pilgrims visit the Shrine of Baba Guru Nanak Dev at Gurdwara Darbar Sahib in Kartarpur, near the Indian border, on November 9, 2019. — AFP

    CHANDIGARH: Punjab Chief Minister Bhagwant Mann on Monday objected to the Centre’s decision to cancel the visit of Sikh pilgrims to Pakistan on the occasion of Parkash Gurpurab of Guru Nanak Dev Ji, the foreign media reported.

    Punjab CM questions Centre’s decision to cancel Sikh pilgrimage to Pakistan. The government of India has denied permission citing prevailing tensions and security concerns between the two countries. Punjab Chief Minister Bhagwant Mann along with the Congress, Shiromani Akali Dal and the Shiromani Gurdwara Parbhandak Committee questioned the rationale behind the Centre’s decision.

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