Nawaz leaves Karachi. No discussion on Rangers issues KARACHI: Prime Minister Nawaz Sharif arrived in Karachi on Monday, accompanied by Finance Minister Ishaq Dar, Water and Power and Defence Minister Khawaja Asif and Trade and Commerce Minister Khurram Dastgir, but left without meeting the chief minister or the governor on the issue of Rangers’ powers. Earlier, circles close to the PML-N appeared optimistic that Sharif will hold a meeting with Governor Dr Ishratul Ibad on the discord between the centre and Sindh over Rangers’ powers. An official press release about the premier’s visit said: “PM Nawaz Sharif will visit Karachi on Monday (today). He will have three official engagements: visit Port Qasim Authority to review development plans of the authority; review Port Qasim’s power project and address an FPCCI function.” The prime minister left for Port Qasim Authority (PQA) soon after CM Shah received him at Karachi airport as per the official protocol.At PQA, Sharif reviewed development plans of the authority and progress of ongoing projects. Chairman PQA Agha Jan Akhtar and Secretary Ports and Shipping Khalid Pervaiz briefed the premier about different ongoing projects executed by the authority. In a light conversation with a Chinese engineer supervising the development of a 1, 320MW coal-based power project, the premier asked the official to ensure the project is completed by Dec 2017. The prime minister had himself laid foundation of the project, to be completed at a cost of $1.5 billion, Radio Pakistan reported. It is the first power project being [...]
Money Market SBP injects Rs40.5bn into banks The central bank poured in a comparatively smaller number of Rs40.5bn into the banking system last Wednesday in an open market operation. The injection was made in an eight-day contract at 6pc. With banks shut for five days last week, the sum is likely to get them through at least the midst of the week till they ask for fresh liquidity injections from the SBP. Meanwhile, as stated by the weekly statement of position of all scheduled banks for the week ending December 11, gross progress of all scheduled banks stood at Rs4,723.573bn, up 0.38pc over the preceding weeks amount of Rs4,705.397. Compared with last years corresponding amount of Rs4,375.774bn, the present weeks amount is higher by 8pc.The injection was made in an eight-day contract at 6pc Progress of all commercial banks increased 0.4pc to Rs4,565.117bn in the week, against the preceding weeks degree of Rs4,547.135bn. Progress of all specialised banks stood at Rs158.456bn in the week, against the preceding weeks amount of Rs158.26bn. Borrowings by all scheduled banks increased by 3.3pc to Rs1,886.379bn in the week under review, over the preceding weeks amount of Rs1,825.881bn. Compared with last years corresponding amount of Rs1,064.898bn, the present weeks amount is higher by 77.14pc. Borrowings by all commercial banks also increased by 3.3pc to Rs1,859.245bn in the week against the preceding weeks amount of Rs1,799.932bn. Borrowings by all specialised banks stood at Rs27.134bn in the week, down from the preceding weeks amount of Rs25.95bn. Investments of all scheduled [...]
If offenders can run the nation – Why can’t Amir play cricket ! Imran Khan KARACHI: Celebrated Pakistan all rounder Imran Khan said he backs convicted area-fixer Mohammad Amir’s return to international cricket, encouraging skeptical players and supporters to support the tainted paceman. The 23-year-old Amir, who finished his five-year prohibition before this year, caused a stir last week when he turned up for fitness camp for future national players, with former Twenty20 captain Mohammad Hafeez and present one-day captain Azhar Ali boycotting training Friday. Left-armer Amir is tipped to be picked for next month’s limited overs tour of New Zealand, nearly six years after he and two others were prohibited and sentenced for six months in jail for organizing willful no balls during a Test against England in exchange for cash.Khan, who led Pakistan to its only World Cup triumph and is revered among the nations cricketing fraternity, said Amir had pled guilty before a court and deserved another chance. A 19-year-old [Amir was really 18 at the time] lad commits a blunder and then didn’t lie in the court, admits his guilt and finishes his punishment. He should play again, Khan said during an interview on news station ARY. He’s apologised to everyone, so I appeal to all people that are opposing his return to halt their moves against him, he included. Khan, a former Pakistan captain turned opposition party leader, didn’t overlook a chance to swing a punch at Pakistan’s leaders in the interview. Offenders are running the state; therefore, [...]
Fourth JF-17 Thunder squadron whole as PAC rolls out ISLAMABAD: The Pakistan Aeronautical Complex (PAC) on Monday rolled out the 16th Block 2 JF-17 aircraft and officially handed it over to the Pakistan Air force (PAF), indicating the end of four squadrons. Pakistan Air Force (PAF) Air Chief Marshal Sohail Aman attended the service, with Minister for Defence Production Rana Tanveer Hussain attending as the chief guest. Hussain reaffirmed Pakistan’s commitment towards encouraging self-reliance in defense creation and thanked the authorities of China for its unrelenting support.“I value the crucial part played by our time-tested Chinese buddies for the success with the JF17 plan. Their support of Pakistan Aeronautical Complex (PAC) Kamra and so many other jobs is cherished and highly valued by every Pakistani,” Hussain said. The Chief of Air Staff expressed his satisfaction with all the improvement to the JF17 program. He commended the professional competence and dedication shown by PAC staff in meeting the landmarks of the JF17 program and encouraged them to continue their best efforts in pursuit of superiority. PAC Kamra is in command of the upkeep of all PAF operational assets. In 2010, the Chief of the Air Staff in the time, Air Chief Marshal Rao Qamar Suleman had said the aircraft would be the mainstay of PAF’s operations, multiply its operational capability and empower it to run day-and-night multiple operations, which became critical in the prevalent international and regional scenario. JF17: Operational history The JF-17 Thunder, a single-engine [...]
Eid Miladun Nabi observed with excitement across Pakistan KARACHI: Eid Miladun Nabi (Peace Be Upon Him) is being observed throughout the country with spiritual fervor now, together with the authorities having declared a public holiday. Processions and Milad assemblies have been organised to mark the event, while important mosques in cities and towns have been festively illuminated to celebrate the arrival of the Holy Prophet (PBUH). District governments, authorities and private organisations also have made elaborate arrangements for illumination and decoration of edifices and parks.President Mamnoon Hussain and Prime Minister Nawaz Sharif, inside their messages across the country, called for the solution of problems through reconciliation and dialogue in keeping with the teachings of the Holy Prophet (PBUH).
12 reasons why Karachi University is better than LUMS The University of Karachi or KU is a public research university located within the neighborhood of Gulshan-e-Iqbal of Karachi, Sindh, Pakistan. It’s one of the earliest universities in Pakistan and rated among the top ten universities throughout the country with regard to the international standard, based on the Higher-Education Commission (HEC) in 2013. In 2009, the university successfully entered its name in the QS World University Rankings for the top 500 universities in the whole world. Worlds distinguished, and prominent scholars are associated and affiliated with the university as faculty, researchers, or alumni since its institution. The university offers a wide array of undergraduate and graduate degree programs, and better than 19 world-class research institutes are under the university in all over Karachi. With an approximated of more than 80,000 pupils presently attending the university, the KU is the university with the biggest nationwide registration as well as the most popular university in Pakistan and abroad by the amount of applicants.The university is, in addition, a part of Association of Commonwealth Universities of the United Kingdom. The Karachi University holds a unique status in the nation’s educational process and is eminent reputation for conducting multi disciplinary research in science and technology, medical research, and social sciences. As a respected research and reaching institution, the university is dedicated to intellectual leadership, and to excellence in both acquiring [...]
PRETORIA: Israel is defying the world by “sabotaging” prospects for a two state solution through its settlements policy, South African President Jacob Zuma said on Wednesday as he welcomed visiting Palestinian leader Mahmud Abbas. “The truth is the fact that the overwhelming majority in the world agrees with the position of two states living side by side in peace, but we’ve a problem of a state that is defying all of that,” said Zuma. “We reiterate our call for the absolute cessation of all settlement activities,” he told a joint news conference with Abbas. Criticising the way the United Nations works, he added: “I do not believe the system should let that one nation can defy the world.” South Africa had appointed two special envoys for the task and was prepared to assist with discussions between the Palestinians and Israel, Zuma added.Abbas said the Palestinians sought to profit from South Africa’s “successful experiences” in developing an independent state. “The Palestinians are the last nation in the world that’s still living under occupation,” Abbas said. Zuma’s ruling African National Congress is a firm supporter of the Palestinian cause, with politicians regularly comparing Israel to the former racist apartheid state in South Africa. The white minority government had cooperative relationships with Israel, but when Nelson Mandela was elected first democratic president in 1994, he pledged to support Palestine, saying: “South Africa’s freedom is incomplete without [...]
China pushing banks to drop IBM servers in hacking dispute China is pressuring its banks to get rid of high end machines produced by IBM IBM.N and change them having a regional manufacturer, Bloomberg reported on Tuesday, as tensions rise over accusations of cyber espionage between Beijing and Washington. A spokesman for International Business Machines Corp said the U.S. engineering firm was unaware of such needs from the Chinese government.“IBM is unaware of any Chinese government policy advocating from the utilization of IBM machines inside the banking business in the nation,” said IBM spokesman Ian Colley. “IBM it has been for over 30 years and can be a reliable partner in China.” The Bloomberg survey, which reported confidential sources, comes a week following five Chinese military officials charged, blaming them of coughing American businesses to take trade secrets. China on Monday accused America of “dishonest” internet monitoring that involved large scale computer attacks from Chinese companies and the Chinese government. China has also told state-owned businesses to cut links with U.S. consulting companies, The Financial Times reported on Sunday. The Bloomberg survey said Chinese government organizations such as the People’s Bank of China CNBNK.UL as well as the Ministry of Fund are currently reviewing whether Chinese commercial banks’ dependence to the IBM machines affected the financial stability in the nation. (r.reuters.com/dyf69v) The outcomes of the evaluation is going to be presented to some working class on Web [...]
RAWALPINDI: Flag meeting between Pakistan and Indian armies may be kept on Tuesday within the background of pressure consequently of cross-border shelling in the Line Of Control (LoC) and Working Border.Thirteen Pakistani civilians accepted martyrdom consequently of shelling and shooting from the Indian Border Security Forces (BSF) at LoC and Operating Border during the last few days. The strain at LoC and Operating Border got under review in the yesterday’s cabinet meeting. Later, Interior Minister Chaudhry Nisar speaking with the press declared that Pakistan will write a letter for the Us and UN Military Observers Group & UN Military Observers will be asked to examine the problem at LoC and Operating border.