Latest News
7.8 magnitude quake hits southern Philippines\
A significant 7.8-magnitude quake occurred off the southern Philippine island of Mindanao on Monday, prompting officials to issue tsunami warnings, with no deaths or severe damage reported initially.
Tsunami warnings were issued in the Philippines and adjacent Indonesia and by the US Tsunami Warning System, with inhabitants in coastal areas told to move to higher ground.
DZBB radio, which is broadcasting from the Philippine city of General Santos around 15 km (9.3 miles) from the epicentre, reported falling furniture, damage to televisions and other equipment as the area experienced aftershocks and many evacuated their homes to seek safety.
The General Santos disaster agency said aftershocks were continuing and authorities were evaluating reports of damage and some casualties.
Local disaster chief Rene Punzalan said power and telecommunications were out and school lessons were cancelled in the Philippines’ Sarangani province near the epicentre. A damage assessment was ongoing, with no reports yet of any collapsed buildings, he said.
PHILIPPINES: DISASTER RESPONSE IN PROGRESS
Philippine President Ferdinand Marcos Jr stated authorities were fast-tracking coordination of the catastrophe response.“The national government is moving and we will not leave Mindanao behind,” Marcos stated in a statement.
The Philippines and Indonesia are struck by hundreds of quakes annually and reside on tectonically complicated areas of the “Pacific Ring of Fire”, a seismically active belt reaching from South America to the Russian Far East.
Philippine agency Phivolcs warned of damage and tsunami waves above one metre (yard) which could persist for several hours. So far, the geophysics agency BKMG of Indonesia stated waves of 0.19 m (8 inches) had been measured.
The police building suffered some cracks following the quake, which happened during their flag-raising ceremony, several individuals fainted’, said Benjie Ancheta, police chief of Alabel town in Sarangani.This is the most powerful earthquake we’ve had,” Ancheta told Reuters via phone.
COASTAL AREAS EVACUATED CONTINUE TO BE EVACUATED
The 7.8 magnitude quake occurred at a depth of 10 km (6.2 miles), the German Research Centre for Geosciences stated. It had given a magnitude of 8.2.
Indonesia’s geophysics agency measured the quake at magnitude 7.7, while the Philippines’ put it at 7.0.
Witnesses in the Indonesian city of Manado in the north and residents and officials in the southern Philippines claimed they felt the tremor powerfully.
A representative for Indonesia disaster mitigation agency said so far there were no reports of damage.
Arlene Hollero, disaster chief of Maasim town in the Sarangani province of the Philippines, said their evacuation was under process in coastal villages and there were no recorded injuries so far.
Water drained soon after the quake, but the seas were typical so far, she said. A bridge had minor cracks and a shrine with a giant cross toppled, she added.“It’s a disaster,” Hollero told Reuters via phone.
Business
PSX starts on a positive note, KSE-100 index reclaims 179,000 mark
The Pakistan Stock Exchange (PSX) started on a bullish note on Tuesday as the benchmark index regained the 179,000-point level in early trade.
Market statistics showed the KSE-100 Index jumped over 900 points in early trade to 179,405 points.
Market observers said the move was buoyed by restored investor confidence after last session’s turmoil.
The index had closed lower on the last trading day, down 450 points to 178,471 points.
The Pakistan Stock Exchange witnessed a comeback in market confidence as trading started for the second business day of the week with early gains.
Latest News
Former Karachi BRT Yellow Line project director Zameer Abbasi detained.
KARACHI: The former director of the Karachi BRT Yellow Line project, Zameer Abbasi, was detained on Monday over financial violations.
Details said that Anti-Corruption Establishment Karachi has detained Zameer Abbasi from Lahore in an intelligence-based operation.
Anti-corruption officials said a complaint was lodged against him on June 10. They added that efforts were being made to shift him from Lahore to Karachi.
It is worth mentioning here that allegations have been made against the project director of illegally releasing over Rs 7 billion to contractors and this led to the inquiry and his detention.
Latest News
Security agents avert big terror plot in Panjgur
— Security forces stopped a major terrorist conspiracy in Balochistan’s Panjgur district in a timely and information based response, security sources said.
The operation was undertaken in the Jirak area on the basis of secret information and a considerable quantity of weapons and communication equipment was recovered, security sources said. During the operation, the police seized 4 rocket fuses and many improvised explosive devices (IEDs) from a vehicle.
Security officials stated the explosive supplies were intended to be used in a possible large-scale terrorist attack, which was being prepared in the region.
They noted that the prompt and professional action by the security forces had prevented serious destruction and protected the area from a possible catastrophe.
This successful operation is a clear sign that the security forces are still a formidable barrier against the anti-peace groups in Balochistan, claimed the security forces.
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