India's quick-service restaurant (QSR) industry is showing early signs of demand recovery, but Macquarie highlights rising costs and intensifying competition from food-delivery aggregators as reasons for its cautiousness. According to Macquarie, post-fourth-quarter trends indicate a gradual improvement in dine-in demand across restaurant chains. Within the sector, Macquarie remains most constructive on franchise operators Devyani International, Sapphire Foods and Westlife Foodworld. However, the recovery remains uneven and is being overshadowed by inflationary pressures and the growing dominance of delivery platforms such as Zomato and Swiggy. The brokerage said same-store sales growth across the listed QSR universe is tracking broadly in line with or slightly ahead of fourth-quarter levels. However, restaurant brands continue to trail delivery aggregators in growth, highlighting a structural shift in consumer behaviour. To counter this trend, restaurant operators have increa...
Pakistan has received India's request for extradition of 26/11 attack mastermind Hafiz Saeed, Pakistan's Ministry of Foreign Affairs spokesperson Mumtaz Zahra Baloch said on Friday. But she said that no bilateral extradition treaty exists between India and Pakistan.
In a statement, Mumtaz Zahra Baloch said, "Pakistan has received a request from the Indian authorities, seeking extradition of Hafiz Saeed in a so-called money laundering case."
"It is pertinent to note that no bilateral extradition treaty exists between Pakistan and India," she added.
Earlier in the day, Ministry of External Affairs official spokesperson Arindam Bagchi said India has conveyed a request to the Pakistan government regarding the extradition of Hafiz Saeed to India for facing trial in a particular case.
Addressing the weekly briefing, Mr Bagchi said, "The person in question (Hafiz Saeed) is wanted in numerous cases in India. He is also a UN-proscribed terrorist. In this regard, we have conveyed a request along with relevant supporting documents, to the government of Pakistan to extradite him to India to face trial in a particular case.
"We have been flagging the issue of activities that he's been wanted for. This is a recent request," he added.
Notably, Saeed, who is a UN-proscribed terrorist is the founder of terror outfit Lashkar-e-Taiba (LeT). He was the mastermind of the deadly 26/11 attacks in Mumbai and is wanted in India in numerous cases.
Muhammad Hafiz Saeed, who has been in jail since July 17, 2019, for other charges, was sentenced in April 2022 by a special anti-terrorism court in Lahore, Pakistan, to a jail term of 33 years for "financing terrorism."
Despite being designated a terrorist by the UN and EU in the 2000s, Saeed was neither charged nor extradited over nearly two decades. Saeed was designated as a terrorist by the United Nations Security Council in December 2008.
Meanwhile, in a development that has brought criticism, the Pakistan Markazi Muslim League (PMML), a political entity of Hafiz Saeed has fielded candidates for each and every national and provincial assembly constituency across Pakistan for the upcoming general elections slated to be held on February 8, 2024.
Hafiz Saeed's son Talha Saeed is also going to contest the polls from National Assembly's constituency NA-127, Lahore, Dawn reported. PMML's central president Khalid Masood Sindhu is contesting elections from NA-130, against Pakistan Muslim League-Nawaz supremo Nawaz Sharif.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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