Report on the Sustainability Governance Practices of the 30 Largest Global Banks Comes Up With Interesting Findings

LONDON, Jan. 19, 2023 (GLOBE NEWSWIRE) — Morrow Sodali and Nestor Advisors – A Morrow Sodali Company, are pleased to announce the publication of “Governance of sustainability in the largest global banks: A study of the top 30 European and North American banks”. This Report examines the sustainability governance practices of the 30 largest European […]

LONDON, Jan. 19, 2023 (GLOBE NEWSWIRE) — Morrow Sodali and Nestor Advisors – A Morrow Sodali Company, are pleased to announce the publication of “Governance of sustainability in the largest global banks: A study of the top 30 European and North American banks”.

This Report examines the sustainability governance practices of the 30 largest European and North American banks. In preparing the Report, we reviewed various publicly available documentation and also interviewed representatives from fifteen leading banks, including nine board chairs, other board members and senior executives. Interviewees shed light on different practices, and why banks chose to pursue them. The resulting Report compares the banks across several data points and analyzes these findings against a double index of sustainability and financial performance.

Stilpon Nestor, the Report’s leading author stated, “Sustainability is one of the big issues facing banks and their leadership. Shareholders and various stakeholders, including regulators, expect banks to be proactive in sustainability. On the strategy side, the “greening of the book” is the big challenge, especially in markets with big “brown” sectors. On the risk side, some regulators expect banks to integrate sustainability risk within the core risk management framework and its key categories. They also expect a clear sustainability perspective in the risk appetite framework. In order to deliver in these areas, global banks have reshaped existing governance and organizational arrangements and have developed some new ones. Our Report examines these arrangements and comes up with interesting, sometimes counterintuitive, findings.”

Among these findings, the issue of board skills in relation to sustainability was highlighted. All of the banks we interviewed do not see having sustainability experts on the board as a priority. Their priority is to make their existing board members more cognizant in the sustainability area. In that sense, they emphasize the development of director skills.

How does a board structure itself to address sustainability? In many cases, this is done by setting up a new committee. However, structure often reflects the level of maturity of the issues in a bank. One interesting finding of the Report is that banks further advanced in the “maturity spectrum” have done away with special committees and discuss sustainability as part of the general strategy and risk appetite.

Another key finding relates to the role of management in ensuring all business functions strengthen their capabilities to understand sustainability. This is an issue that touches upon all business areas of a bank, whether it is a corporate, retail or private bank, as well as risk, finance and internal audit functions. That is why most global banks have created senior management committees to oversee this transversal work. The seniority of the members of this committee is key. In 50% of the banks, the CEOs themselves are heading this senior coordinating committee.

Most banks have also included sustainability parameters in their executive remuneration approach. The Report finds that in the best performing ones, sustainability considerations have a relatively significant “weight” among other factors in determining variable compensation.

We hope you find this study insightful, and that the findings will be helpful from the perspective of all stakeholders. Click here to request the Report in full.

ABOUT MORROW SODALI

Morrow Sodali is a leading provider of strategic advice and shareholder services to corporate clients around the world. The firm provides corporate boards and executives with strategic advice and services relating to corporate governance, ESG, shareholder and bondholder communication and engagement, capital markets intelligence, proxy solicitation, shareholder activism and mergers and acquisitions.

From headquarters in New York and London, and offices and partners in major capital markets, Morrow Sodali serves over 1,000 corporate clients in 80+ countries, including many of the world’s largest multinational corporations. In addition to listed and private companies, its clients include financial institutions, mutual funds, ETFs, stock exchanges and membership associations.

For more information, please visit morrowsodali.com.

ABOUT NESTOR ADVISORS

Nestor Advisors is the specialized board and governance advisory subsidiary of Morrow Sodali. We are a global advisory firm specializing in corporate governance, sustainability and organizational design, and work with the boards and senior management of financial institutions, companies and not-for-profit organizations to improve decision making, organizational structures, controls and incentives.

Fully integrated with Morrow Sodali, the two companies provide the firm’s global client base with a comprehensive suite of advisory services relating to corporate governance, ESG, sustainability and stakeholder engagement.

Our services span a broad spectrum including holistic assessments yielding a significant redesign of a company’s governance system, board evaluations, group governance, board training, risk management, and the development of specific policies and controls. Whatever the scope, our services are always closely tailored to our clients’ needs.

For more information, please visit nestoradvisors.com.

CONTACTS

Elena Cargnello
Corporate Director, Marketing
e.cargnello@morrowsodali.com
+44 (0)20 4513 6913

GlobeNewswire Distribution ID 8732968

‫شركة Corre Energy توسِّع عمليات المشاريع لتشمل أمريكا الشمالية

نيويورك، 17 يناير 2023 (GLOBE NEWSWIRE) – توفر الحوافز لمشاريع تخزين الطاقة في الولايات المتحدة وكندا فرصة فريدة لتسريع إزالة الكربون من عمليات توليد الطاقة في أمريكا الشمالية. ولقد قامت شركة Corre Energy B.V. بتوسيع عمليات تطوير مشاريع تخزين الطاقة في الولايات المتحدة وكندا. تم تدشين Corre Energy US Development Company LLC، وهي شركة تابعة […]

نيويورك، 17 يناير 2023 (GLOBE NEWSWIRE) – توفر الحوافز لمشاريع تخزين الطاقة في الولايات المتحدة وكندا فرصة فريدة لتسريع إزالة الكربون من عمليات توليد الطاقة في أمريكا الشمالية.

ولقد قامت شركة Corre Energy B.V. بتوسيع عمليات تطوير مشاريع تخزين الطاقة في الولايات المتحدة وكندا. تم تدشين Corre Energy US Development Company LLC، وهي شركة تابعة لشركة Corre Energy B.V.، رسميًا للحصول على مشاريع تخزين طاقة الهواء المضغوط المخصصة للمرافق في شمال أفريقيا وتطوير تلك المشاريع.

CAES هي تقنية مجربة تجاريًا يمكنها استخدام الطاقة المتجددة لضغط الهواء في الكهوف الملحية تحت الأرض أثناء انخفاض الطلب على الطاقة وانخفاض الأسعار. يتم إطلاق هذه الطاقة لاحقًا إلى الشبكة لزيادة العرض عندما يكون الطلب والأسعار أعلى ، مما يعزز استقرار الشبكة وموثوقيتها وأمانها. عندما يتم تضمين احتراق الهيدروجين الأخضر كجزء من التصميم الفني لمحطة CAES، فإن الكهرباء التي توفرها لها بصمة ذات معدلات كربون صفرية.

تُصنِّف وزارة الطاقة الأمريكية CAES1 باعتبارها تقنية تخزين الطاقة طويل الأجل الأقل تكلفة. إن الطبيعة غير المكلفة نسبيًا للتحوط الفعلي الذي يوفره عملاء Corre Energy يسمح لهم “بإحداث نقلة زمنية” في الطاقة المتغيرة التي ينتجونها مع تعزيز ربحية أصولهم المتجددة. وبهذه الطريقة يمكن لمرافق CAES أن تدعم النشر الأكثر سرعة لأصول التوليد المتجددة عبر أمريكا الشمالية، مما يعمل على تعزيز نزع الكربون من أسطول التوليد.

وفي مقابل السماح لمولدي الطاقة المتجددة بتخزين الطاقة في محطات CAES والتصرف في تلك الطاقة عندما تكون قيمتها في ذروتها، سوف تقوم Corre Energy عادة بفرض رسوم محددة والمشاركة في الإيرادات المرتفعة التي يكسبها عملاؤها، بموجب ما يعرف بمصطلح “اتفاقية شراء الإنتاج”.

وفي معرض هذه المناسبة، قال Keith McGrane، الرئيس التنفيذي لشركة Corre Energy: “وقعنا الشهر الماضي شروطًا تجارية مُلزمة لاتفاقية مدتها 15 سنة لشراء الإنتاج مع Eneco، وهي مورد رائد للطاقة المتجددة في هولندا، لكامل الطاقة التخزينية الكاملة متعددة الأيام ZW1، وهو مشروعنا البالغة قدرته 320 ميجاوات. تؤكد هذه الاتفاقية جاذبية نموذج أعمالنا وستدعم تطوير محفظة مشاريع في أمريكا الشمالية”. وأضاف McGrane: “بصفتنا رائد السوق لمشاريع تخزين الطاقة طويلة الأجل في أوروبا، نتطلع إلى نقل معارفنا إلى الولايات المتحدة وكندا. سوف توفر عملياتنا في أمريكا الشمالية كذلك فرصًا للمستثمرين الذين يركزون بصفة أساسية على سوق أمريكا الشمالية للمشاركة في تمويل الدين ومتطلبات حقوق الملكية لفرع شركتنا في أمريكا الشمالية ومشاريع CAES الخاصة بها”.

وقد تم تسمية Chet Lyons، وهو رائد في قطاع تخزين الطاقة، رئيسًا لشركة Corre Energy US Development Company LLC. لعب Lyons دورًا هامًا في تطوير مشاريع تخزين الطاقة المعتمدة على التجار وإضفاء الطابع التجاري عليها من أجل تنفيذ الخدمات المساندة لتنظيم الترددات في الولايات المتحدة وكندا، وعلى المستوى العالمي.

وقد علّق Lyons قائلاً: “إن نجاح Corre Energy B.V. في أوروبا والحوافز الحكومية الجديدة التي لا تتكرر في كل جيل لمشاريع تخزين الطاقة طويلة الأجل في كل من الولايات المتحدة وكندا تجعل هذا هو الوقت الأمثل لبناء محفظة مشاريعنا في أمريكا الشمالية”. وأضاف Lyons “إن نقاط ضريبة الاستثمار بواقع 30 إلى 40 بالمائة من إجمالي تكلفة المشاريع ونقاط ضريبة الإنتاج لاستخدام الهيدروجين سيكون لها تأثير مفيد على اقتصاديات المشاريع ويمكن أن تجعل مشاريعنا خالية من الكربون، بما يعمل على تمكيننا من لعب دور رئيسي في نزع الكربون في أعمال توليد الطاقة بأمريكا الشمالية”.

1 آر باكستر وآخرون “تكلفة تقنية تخزين الطاقة الشبكية لعام 2022 وتقييم الأداء”، وزارة الطاقة الأمريكية، منشور التقرير الفني رقم PNNL 33283، أغسطس 2022.

نبذة عن Corre Energy
يقع مقر شركة Corre Energy B.V. في هولندا وهي مدرجة في بورصة النمو يورونكست في دبلن (CORRE). تقوم شركة Corre Energy بتصميم مشاريع تخزين الطاقة طويلة الأجل على مستوى المرافق (LDES) وتطويرها وإنشائها وتشغيلها في أوروبا وتعمل على تطوير مجموعة مشاريع في أمريكا الشمالية. ومن خلال أنشطة تطوير المشاريع، تعمل Corre Energy على التعجيل من الانتقال العالمي إلى مستوى انبعاثات صفري، مع تعزيز أمن أنظمة الطاقة الكبيرة ومرونتها.

وفي أمريكا الشمالية، يتم تنفيذ تطوير المشاريع من خلال شركة Corre Energy US Development Company LLC، الكائن مقرها في بوسطن بولاية ماساشوستس.

لمزيد من المعلومات، يرجى الاتصال على:

العمليات الأوروبية:
IR@corre.energy

العمليات في أمريكا الشمالية:
Chet Lyons, رئيس شركة
Corre Energy US Development Company LLC
البريد الإلكتروني: chet.lyons@corre.energy
هاتف: 978-930-0760

GlobeNewswire Distribution ID 300812416

‫ونٹیج نے برانڈ ایمبیسیڈر کے طور پر سپر کار بلونڈی کی نقاب کشائی کی

 سپر کار بلونڈی مالی تعلیم (فنانشل ایجوکیشن)کے لیے ونٹیج مارکیٹ کے ساتھ شراکت دار ہے۔ گرینڈ سائیمن، سائیمن آئی لینڈ 18 جنوری 2023/ پی آر نیوز وائر/ — کثیر اثاثہ بروکر،ونٹیج انٹرنیشنل گروپ لمیٹڈ (“ونٹیج” یا “ونٹئج مارکیٹ”) اپنے برانڈ ایمبیسیڈر کے طور پر سپر کار بلونڈی کی الیگزینڈرا میری ہرشی کی نقاب کشائی کرتے […]

 سپر کار بلونڈی مالی تعلیم (فنانشل ایجوکیشن)کے لیے ونٹیج مارکیٹ کے ساتھ شراکت دار ہے۔

گرینڈ سائیمن، سائیمن آئی لینڈ 18 جنوری 2023/ پی آر نیوز وائر/ — کثیر اثاثہ بروکر،ونٹیج انٹرنیشنل گروپ لمیٹڈ (“ونٹیج” یا “ونٹئج مارکیٹ”) اپنے برانڈ ایمبیسیڈر کے طور پر سپر کار بلونڈی کی الیگزینڈرا میری ہرشی کی نقاب کشائی کرتے ہوئے خوش ہے۔

یہ شراکت ایک سوشل میڈیا پبلشر کے ساتھ آن لائن بروکریج کے درمیان ایک سنگ میل کی نشاندہی کرتی ہے، جس کا مقصد ونٹینج کے پلیٹ فارمز اور سپر کار بلونڈی کے آن لائن ایجوکیشن چینل، ایکسپلینڈ دونوں پر قابل رسائی اور متعلقہ مالی تعلیم(فنانشل ایجوکیشن) فراہم کرنے کے لیے اپنے متعلقہ مہارت کا استعمال کرنا ہے۔

ونٹیج کے چیف اسٹریٹیجی اینڈ ٹریڈنگ آفیسر مارک ڈیسپالیرس کہتے ہیں، “ہم اپنے برانڈ ایمبیسیڈر کے طور پر ایک بار پھر سپر کار بلونڈی کے ساتھ کام کرنے کے لیے انتہائی پرجوش ہیں۔ نوجوان اور زیادہ سمجھدار آڈیئنس (حاضرین) میں ونٹیج کے برانڈ کے بارے میں آگاہی پیدا کرنے کے لیے ہمارے لیے موزوں ہے۔ میں جانتا ہوں کہ اس کی منفرد پیشکش کا انداز تجارت کو بے نقاب کرنے میں مدد کرے گا، اور اسے سب کے لیے قابل رسائی اور متعلقہ بنائے گا۔”

سوشل میڈیا پبلشر پورے گروپ میں ہر ماہ 1 بلین سے زیادہ ویوز حاصل کرتا ہے، جس میں عالمی سطح پر 85 ملین سے زیادہ فالوورز ہیں۔ روایتی طور پر مردانہ صنعت میں ایک سرکردہ آواز اور اثر و رسوخ کے طور پر، سپر کار بلونڈی نے خواتین کو بااختیار بنانے میں ونٹیج کے عقائد کو جنم دیا، اس کے ساتھ ونٹیج کی جدت طرازی اور موسمیاتی کارروائی کے لیے مشترکہ عزم جو کہ ونٹیج کی NEOM McLaren Extreme E کے ساتھ شراکت داری کے ساتھ منسلک ہے۔

الیگزینڈرا میری ہرشی کہتی ہیں، “میں اپنے آڈیئنس (حاضرین) کے لیے دلچسپ اور تبدیلی آمیز مواد لانے کے لیے تیار ہوں۔ 2023 میں ہمارے کلیدی اہداف میں سے ایک قابل رسائی مالیاتی تعلیمی مواد فراہم کر کے اپنے آڈیئنس (حاضرین) کو بااختیار بنانا ہے۔ اس کے ساتھ، میں ایک مارکیٹ کے ساتھ شراکت پر بہت خوش ہوں۔ ونٹیج جیسے رہنما مالیاتی تعلیم پر پابندی کو بڑھانے اور سب کے لیے مالیاتی خواندگی کو مضبوط کرنے کے لیے۔ ونٹیج ایک بڑے دل کی کمپنی ہے، اور یہ دیکھ کر بہت پرجوش ہے کہ ہم مل کر کیا اثرات مرتب کر سکتے ہیں۔”

یہ اعلان دونوں تنظیموں کے درمیان شراکت داری کی مضبوطی کی نشاندہی کرتا ہے جو پہلی بار 2022 میں اس وقت قائم ہوئی تھی جب سپر کار بلونڈی نے ونٹیج کے کارپوریٹ ای ایس جی سفر کا باضابطہ آغاز کرنے اور موسمیاتی تبدیلیوں کے بارے میں آگاہی لانے کے لیے سارڈینیا، اٹلی میں بلیو کاربن اقدام میں حصہ لیا تھا۔

وینٹیج کے بارے میں

وینٹیج (وینٹیج انٹرنیشنل گروپ لمیٹڈ) ایک عالمی، کثیر اثاثہ بروکر ہے جو گاہکوں کو فاریکس، کموڈٹیز، انڈیکس، حصص، ای ٹی ایف اور بانڈز پر سی ایف ڈی ٹریڈنگ کے لئے ایک تیز رفتار اور طاقتور سروس تک رسائی فراہم کرتا ہے۔

13 سال سے زیادہ مارکیٹ تجربے کے ساتھ وینٹیج کے پاس اب 30 سے زیادہ عالمی دفاتر میں 1،000 سے زیادہ ملازمین ہیں۔

وینٹیج ایک بروکر سے بڑھ کر ہے۔ یہ ایک قابل اعتماد ٹریڈنگ ماحولیاتی نظام، ایک ایوارڈ یافتہ موبائل ٹریڈنگ ایپ، اور ایک صارف دوست ٹریڈنگ پلیٹ فارم فراہم کرتا ہے جو گاہکوں کو ٹریڈنگ کے مواقع سے فائدہ اٹھانے کے قابل بناتا ہے۔ایپ اسٹور یا گوگل پلے پر وینٹیج ایپ ڈاؤن لوڈ کریں۔

New research reveals shifting identities of global fishing fleet to help bolster fisheries management

Scientific study fuses multiple data sources to advance global understanding of vessel identity and behavior WASHINGTON, D.C., Jan. 18, 2023 (GLOBE NEWSWIRE) — A new study published today in Science Advances combines a decade’s worth of satellite vessel tracking data with identification information from more than 40 public registries to determine where and when vessels […]

Scientific study fuses multiple data sources to advance global understanding of vessel identity and behavior

WASHINGTON, D.C., Jan. 18, 2023 (GLOBE NEWSWIRE) — A new study published today in Science Advances combines a decade’s worth of satellite vessel tracking data with identification information from more than 40 public registries to determine where and when vessels responsible for most of the world’s industrial fishing change their country of registration, a practice known as “reflagging”, and identify hotspots of potential unauthorized fishing and activity of foreign-owned vessels.

Using big data processing and a compilation of global datasets, researchers from Global Fishing Watch, the Marine Geospatial Ecology Lab from Duke University, and Stockholm Resilience Centre were able to track and analyze 35,000 commercial fishing and support vessels to reveal their changing identities and enable the reconstruction of vessel histories to demonstrate reflagging patterns.

The study, “Tracking Elusive and Shifting Identities of the Global Fishing Fleet” found that close to 20 percent of high seas fishing is carried out by vessels that are either internationally unregulated or not publicly authorized, with large concentrations of these ships operating in the Southwest Atlantic Ocean and the western Indian Ocean.

The data used in the study is intended to complement the Food and Agriculture Organization of the United Nations’ Global Record of Fishing Vessels, Refrigerated Transport Vessels and Supply Vessels, a flagship transparency initiative which serves as the official database of information on vessels used for fishing and fishing-related activities. Together with the International Maritime Organization’s ship identification number scheme, these resources can provide fisheries authorities with the information needed to adequately monitor vessel activity, implement flag State responsibilities, and inform responsible fisheries management.

“Until now, we’ve had limited information linking together the identity and activity of specific vessels,” said Jaeyoon Park, senior data scientist at Global Fishing Watch and lead author of the study. “When a vessel’s identity is changed, it makes tracking them all the more difficult, allowing bad actors the opportunity to take advantage of information gaps and avoid oversight. We need to close that loophole.”

Of the 116 States involved in reflagging, the study found that one-fifth of them were responsible for about 80 percent of this practice over the past decade, with most reflagging occurring in Asia, Latin America, Africa, and the Pacific Islands. The study found that reflagging takes place in just a few ports—Las Palmas de Gran Canaria, Busan, Zhoushan, and Kaohsiung have the highest activity. Vessels are often reflagged to States that are unrelated to the ports in which they are changing their registrations. This means that a vessel can change its flag from one country to another without ever having to enter port in either of those countries.

While there are legitimate reasons for a vessel to change its identity, abusive reflagging, or “flag hopping,” is one way that operators avoid oversight. The study found that fleets with prevalent reflagging are over five times more likely to be composed of vessels under foreign ownership which are often registered to “flags of convenience,” defined by the International Transport Workers’ Federation as countries that offer foreign shipowners the ability to register, or fly the flag, of their own State.

While reflagging and foreign ownership are lawful, when not properly regulated and monitored, they can indicate a risk of illegal, unreported and unregulated (IUU) fishing. IUU fishing accounts for as much as 20 percent of the global seafood catch with annual losses valued at up to $23.5 billion.

“Knowing the identities of vessels fishing the high seas is critical for uncovering the connection between the potential IUU fishing behavior and vessels that repeatedly change their name, flag State or registered owner,” said co-author Gabrielle Carmine, a doctoral candidate at Duke University’s Nicholas School of the Environment. “This analysis could be used to help monitor fisheries more effectively and for accountability in the use and protection of marine biodiversity.”

The study also identified concentrations of fishing activity by foreign-owned vessels, which are focused in parts of the high seas and certain national waters, including the southwest Pacific, the northwest Indian Ocean, Argentina and the Falkland Islands (Malvinas), and West Africa where vessels are typically owned by China, Chinese Taipei, and Spain. The hotspots in this study correspond to the areas in which multiple nongovernmental organizations have called for better governance systems.

“By synthesizing more than 100 billion GPS positions with consolidated identity information from 200,000 vessels, we were able to reveal patterns about vessel activity from the past decade,” added Park. “This study represents a major step forward in our ability to enhance monitoring efforts and help authorities direct enforcement resources.”

The data used in this study will be periodically updated and shared publicly to help enable better understanding of vessel behavior and bolster international fisheries management.

Notes to the editor:

  • Download data visualizations, video, and figures from the paper here: https://drive.google.com/drive/folders/11T-UNkRQmlktINuTw5ufurNFuzAIxTu8?usp=share_link
  • Data visualization caption: Data analysis in this study’s assessment of fishing compliance revealed hotspots of fishing activity by foreign-owned vessels in the southwest Pacific, the west Indian oceans, and certain national waters.
  • About vessel identity data: The data used to determine vessel identities in this study were based on public registries. A lack of vessel identity information exists at the national level, while the high seas are predominantly covered by registries published by regional fisheries management organizations. The identity data used in this study has more extensive coverage for vessels that are 24 meters and longer, as these vessels are more likely to be registered to national or international public registries than smaller ones.
  • About AIS data: First developed as a collision-avoidance system, AIS is essential to vessel and crew safety. But AIS is easily manipulated, as it can simply be switched off or allow the transmission of false information, such as a vessel’s name, type or location. Currently there is no global mandate for all fishing vessels to broadcast on AIS. And due to the varying quality of satellite reception by region, there is also unequal coverage of AIS data throughout the world. Most vessels larger than 24 meters are equipped with AIS while only a small fraction of vessels smaller than 24 meters use AIS, resulting in limitations in AIS data.
  • Paper citation: J. Park, J. Van Osdel, J. Turner, C. M. Farthing, N. A. Miller, H. L. Linder, G. Ortuño Crespo, G. Carmine, D. A. Kroodsma, Tracking elusive and shifting identities of the global fishing fleet. Sci. Adv. 9, eabp8200 (2023).
  • Download the data at: https://globalfishingwatch.org/data-download/datasets/public-vessel-identity:v20230118 

Global Fishing Watch is an international nonprofit organization dedicated to advancing ocean governance through increased transparency of human activity at sea. By creating and publicly sharing map visualizations, data and analysis tools, we aim to enable scientific research and transform the way our ocean is managed. We believe human activity at sea should be public knowledge in order to safeguard the global ocean for the common good of all.

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Lisa Tossey
Global Fishing Watch
+1-302-448-6638
lisa.tossey@globalfishingwatch.org

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Citizens urged to get registered as voters before announcement of polls schedule

Election Commission of Pakistan has advised citizens to get themselves enrolled or rectify errors in the provisional electoral rolls before the announcement of election schedule.In a statement, the Election Commission asked the public to register, tran…

Election Commission of Pakistan has advised citizens to get themselves enrolled or rectify errors in the provisional electoral rolls before the announcement of election schedule.

In a statement, the Election Commission asked the public to register, transfer, delete or correct their vote in the electoral rolls prior to the issuance of schedule for by-elections for vacant seats of Punjab, Khyber Pakhtunkhwa and the National Assembly.

It said the electoral rolls will be frozen immediately after the announcement of the election schedule.

The Election Commission asked the citizens to ensure that their votes are registered at the permanent or existing address mentioned in the computerized national identity card.

Citizens can confirm their voting details by sending their CNIC number via SMS on 8300.

Source: Radio Pakistan

UNSC urged to act ‘swiftly, resolutely’ to end Israel’s HR abuses in occupied Palestinian territory

At the United Nations, Pakistan has called on the Security Council to act “swiftly and resolutely” to bring a halt to Israel’s human rights violations in the occupied Palestinian territory and continuous provocations at the sacred Al-Aqsa Mosque compou…

At the United Nations, Pakistan has called on the Security Council to act “swiftly and resolutely” to bring a halt to Israel’s human rights violations in the occupied Palestinian territory and continuous provocations at the sacred Al-Aqsa Mosque compound.

Speaking in a debate in the Security Council on the situation in the Middle East, Pakistan's Permanent Representative to the United Nations Munir Akram emphasized the need to ensure Israel's compliance with International law, and implementation of the UN resolutions on the Middle East conflict.

He said the two-state formula, envisaging establishment of an independent Palestinian state alongside Israel, offers the only solution to the Palestinian-Israeli conflict.

Munir Akram said the rising extremism in Israeli leadership must not be allowed to foreclose this solution.

He said Pakistan rejects all Israeli measures and attempts to alter the historical and legal status quo of the Holy Al-Aqsa Mosque.

Source: Radio Pakistan

US wants to see Pakistan economically sustainable: Ned Price

The United States has said it is aware of financial difficulties of Pakistan and wants to see the country in an economically sustainable position.Addressing a daily press briefing in Washington, State Department Spokesperson Ned Price said Pakistan is …

The United States has said it is aware of financial difficulties of Pakistan and wants to see the country in an economically sustainable position.

Addressing a daily press briefing in Washington, State Department Spokesperson Ned Price said Pakistan is in negotiations with the International Monetary Fund and other global financial institutions and the US is supportive where it can be of its partner.

He said Pakistan's macroeconomic stability is a topic of conversation between the Department of State and its counterparts like the White House and the Treasury Department, among others.

Source: Radio Pakistan

Govt decides to introduce new mechanism for BISP amount disbursement: Shazia Marri

Government has decided to introduce a new mechanism of sending payments directly in the bank accounts of beneficiaries of Benazir Income Support Programme.This was stated by Minister for Poverty Alleviation and Social Safety and Chairperson Benazir Inc…

Government has decided to introduce a new mechanism of sending payments directly in the bank accounts of beneficiaries of Benazir Income Support Programme.

This was stated by Minister for Poverty Alleviation and Social Safety and Chairperson Benazir Income Support Programme Shazia Marri while addressing a news conference in Karachi.

She said the new mechanism of payment is being adopted to facilitate the beneficiaries so that they may not stand in long queues for their financial assistance.

The Minister said initially the system would be launched under pilot project and if it attains success, it would be expanded to the whole country.

She said the new method of payment would also allow beneficiaries to save some of their amount in the banks.

Responding to a query, Shazia Marri said about 25 mobile units of BISP would be established in Balochistan for registration of beneficiaries.

Source: Radio Pakistan