Main Menu

April, 2018

 

UAE Firm Plans to Invest $3 Billion in Pakistan –With Focus On Real Estate Sector

April 26, 2018 (BE2C2) — One of the Royal Group Companies of UAE’s Sheikh Saeed Bin Khalifa Al Nahyan, has reportedly shown interest in investing $3 billion in different sectors of Pakistan’s growing economy, with focus on its several hundred billion dollars worth real estate market. Louai Mohammed Ali, chairman of the UAE-based BMS International Commercial Investment, made the commitment to invest in Pakistan’s real estate development, agriculture and fisheries, energy, hospitality and leisure, healthcare and education sectors, the Gulf Today reports. Last week, State-owned Chinese construction company China CivilRead More


Chaos Order and Pakistaniat: Rooftop View

IRSHAD SALIM: In mid March, an Islamabad-based Think Tank called Pakistan Institute for Conflict and Security Studies launched a nationwide campaign themed “Nationalism & Pakistaniat”. The PICSS flyer said “through seminars, conferences, roundtables, interactive sessions and other tools of advocacy it seeks to help the Pakistani youth in comprehending the true concept of ‘Pakistaniat’ with a view to protect them from disillusioned ideas and aspirations, propagated by forces of darkness and destruction.” The organization in my opinion pre-assumes that ‘Pakistaniat’ already exists–that it’s well-defined and has percolated down the restRead More


Gwadar Poised To Become Regional Economic Hub, Its Growing Pains Include Water Woes

— The city will soon have the country’s largest airport and the largest gated community with a golf course. — Taking cognizance of the scenario, the military, whose former chief had said, “CPEC and Gwadar Port will be built and developed as one of the most strategic deep sea ports in the region at all costs,” took the initiative to tackle water problem head-on. April 25, 2018 (BE2C2) — Emerging from the scratch, the small port city of Gwadar in Balochistan and currently facing 50-60 per cent water shortage isRead More


China, UAE Ink Deal To Open ‘Belt and Road’ Exchange in Abu Dhabi

It’s another big step for the Belt and Road Initiative (BRI); Investors and businesses seeking to tap into Beijing’s flagship project under BRI — the China-Pakistan Economic Corridor (CPEC) — could become its first beneficiaries, observers say. April 25, 2018 (BE2C2) — China’s largest securities exchange, the Shanghai Stock Exchange agreed a deal in principle with Abu Dhabi’s international financial market platform, the Abu Dhabi Global Market (ADGM) on Monday. Dubbed the ‘Belt and Road Exchange’, the two financial market giants in the region will support businesses and investors alongRead More


Russia Keen to Expand Military Ties with Pakistan, Top Military Official Tells Gen Bajwa

“Pakistan would continue to play its part to keep conflicts away from the region and seek approaches which bring regional convergences into play rather than divergences” April 24, 2018 — Russia’s military chief says Pakistan was geostrategically an important country and Moscow is keen to expand its existing military-to-military cooperation– a significant development at a time when Islamabad’s relationship with Washington continues to deteriorate. In a meeting with Pakistan army chief General Qamar Javed Bajwa who reached Moscow on an official visit Tuesday, the Russian General acknowledged Pakistan’s achievement inRead More


Pakistan Navy Releases Images of Zarb Coastal Defense System

April 24, 2018 — The Pakistan Navy (PN) has released one of the first images of its Zarb land-based anti-ship cruise missile (ASCM) system (also known as the Zarb Weapon System) being test-launched. In the April issue of its Navy News magazine, the PN published a photograph of the Zarb ASCM being fired from an 8×8 transport-erector-launcher (TEL) vehicle at the Jinnah Naval Base in Ormara, Balochistan Province, as part of the recently conducted naval exercise ‘Sealion III’. The missile, which was fired by the PN’s Naval Missile Regiment underRead More


Sania Mirza, Shoaib Malik Announce First Pregnancy in Real Sporty Fashion

April 24, 2018 — Indian tennis star Sania Mirza and Pakistani cricketer Shoaib Malik announced on Monday the couple is expecting their first child. The sports couple posted a picture on their Twitter accounts of a baby vest and a feeding bottle between two T-shirts bearing their names. It was accompanied by the hashtag #BabyMirzaMalik. During a panel discussion on ‘gender bias’ at Goa Fest 2018, the 31 year old Sania Mirza said any child she will have would bear ‘Mirza-Malik’ as family name and that Shoaib has always wantedRead More


Careem Admits to Data Breach, Affects 14 million Customers in Pakistan, MENA, Turkey

April 24, 2018 — A cyber-attack on Dubai-based ride sharing platform Careem has resulted in the theft of personal data of up to 14 million people in Pakistan, the Middle East, North Africa and Turkey. The company said it detected the attack on January 14 but added that it has “no evidence of fraud or misuse related to the incident”. In a message to customers, Careem added: “It is our responsibility to be open and honest with you, and to reaffirm our commitment to protecting your privacy and data. WeRead More


Poets, Sufis, Laborers Represent Pakistan, Not Extremists: Seminar on Nationalism & Pakistaniat

April 24, 2018 (DESPARDES/PKONWEB): Chairman Joint Chiefs of Staff Committee General Zubair Mahmood Hayat Monday said extremists did not represent Pakistan rather poets, Sufis, laborers, workers, and others were its true representatives. Pakistan did not belong to a single person or institution as it was the country of every one, he said while addressing a seminar on “Nationalism and Pakistaniat” organized by the Pakistan Institute for Conflict and Security Studies (PICSS) in Quetta at the Balochistan University of Information Technology, Engineering and Management Sciences (BUITEMS). The seminar was attended byRead More


Iran Considers Currency Swaps With Turkey to Ease Trade, Banking Transactions

** Iran’s exports to Turkey during first nine months of 2017 amounted to around $5.84 billion, 75.7% more year over year. In return, Turkey exported $2.31 billion worth of goods, compared to $3.81 billion in the corresponding period of previous year, indicating about 65% decline. ** Iran and Turkey are said to have recognized the innovation of digital currencies; both countries are looking to launch their coins – which will be issued by Central Banks. April 24, 2018 (BE2C2) — With sanctions pressure looming from the United States, the CentralRead More


2018 Elections: Caretaker Govt and Race for Electables

There is a myth that the electables need political parties; but the fact of the matter is that it is the other way round, as to form government, political parties need winning candidates. By MOHAMMAD JAMIL: PRESENT government’s tenure ends on May 31, 2018, and Prime Minister Shahid Khaqan Abbasi will ask the President to dissolve the assemblies. Of course, the Prime Minister and Leader of the Opposition have to agree on the name of the caretaker prime minister; and Syed Khursheed Shah will consult other opposition parties in thisRead More


World War II Navajo Code Talker Dies at 92

April 24, 2018 — A Navajo tribe Code Talker who used his native language to confound the Japanese in World War II has died. The Navajo Nation says Roy Hawthorne Sr. died Saturday. He was 92. Hawthorne enlisted in the U.S. Marine Corps at 17 and became part of a famed group of Navajos who transmitted hundreds of messages in their language without error. The code was never broken. Hawthorne had been one of the most visible survivors of the group. He appeared at public events and served as viceRead More


Why Aramco IPO Won’t Happen Until 2019–at the Earliest

A $1.5 Trillion Aramco IPO Could Transform Global Stocks April 22, 2018 (Irshad Salim): The debate over which international stock exchange should be the venue for listing Saudi Aramco–the world’s most valuable company, has yet to be resolved while the timing of the initial public offering (IPO) appears to have been somewhat narrowed down. The oil giant’s IPO–currently slated for the second half of 2018—could be pushed into 2019, Saudi Energy Minister Khalid Al-Falih hinted in an interview with Bloomberg published last month—the first such hint from a high-ranking SaudiRead More


PM Abbasi Receives a Book on ‘Subject of Great Importance and Relevance’

“The Golden Age of Andalusia can be attributed to knowledge. This legacy continues to have a positive impact on Andalusians even today.” By AKBAR AHMED: Last month, while collecting my mail in routine I received an extraordinary surprise – a personal letter from Prime Minister Shahid Khaqan Abbasi. In February, courtesy of the Pakistan Embassy in Washington, I had sent Prime Minister Abbasi a signed copy of my new book, Journey into Europe: Islam, Immigration, and Identity. I sent it hoping he would receive it and perhaps read it, butRead More


Toy Drone Shot Down Over Restricted Area in Riyadh

April 22, 2018 — Saudi police shot down an unidentified remote-controlled drone Saturday night after it was detected flying over a restricted area in capital Riyadh without a security clearance. The drone, believed to be a toy, was intercepted by officers at Al Khuzama police station, a spokesperson for the Riyadh Police Department said. The police unit acted immediately and in accordance with relevant security instructions, and the authorities have launched an investigation into the incident, the spokesperson said. Security forces said they had shot down a recreational drone inRead More


Referendum Proof PIA Workers Won’t Accept Its Sell-Off: Rabbani

April 22, 2018 (DESPARDES/PKONWEB: Sen. Raza Rabbani, the former chairman of Senate and a leader of Pakistan Peoples Party while addressing a press conference on Saturday in Karachi, said it had been proved after the victory of the Peoples Unity in the referendum of the Pakistan International Airlines (PIA) that workers were against the privatization of the national flag carrier. “However, the PIA management is not willing to accept the referendum results,” he regretted. Rabbani extended his felicitations to the Peoples Unity for a resounding victory against the ruling PML-N-backedRead More


Pakistan Daal Consumption Declines Sharply, Meat Consumption Rises

By RIAZ HAQ: Pakistan’s per capita daal (pulse, lintel) consumption has sharply declined to about 7 kg/person from about 15 Kg/person in 2000, according to data released by Food and Agriculture Organization and reported in Pakistani media. Meat has replaced Daal as the main source of protein with per capita meat consumption rising from 11.7 kg in 2000 to 32 kg in 2016. It is projected to rise to 47 kg by 2020, according to a paper published in the Korean Journal of Food Science of Animal Resources. Rising Incomes:Read More


President Xi Jinping Says Internet Control Key to China Stability

April 21, 2018: China must strengthen its grip on the internet to ensure broader social and economic goals are met, state news agency Xinhua reported on Saturday citing comments from President Xi Jinping, underlining a hardening attitude towards online content. Under Xi’s rule China has increasingly tightened its grip on the internet, concerned about losing influence and control over a younger generation who are driving a diverse and vibrant online culture from livestreaming to blogs. “Without web security there’s no national security, there’s no economic and social stability, and it’sRead More


Binladin Group Receives Multi-Billion Dollar Government Loans

The money will be used to prioritize work on projects deemed key to the government, as well as to pay staff and creditors. April 21, 2018: Saudi Arabia’s finance ministry has provided Saudi Binladin Group (SBG) with loans of around 11 billion riyals ($2.9 billion) to help turn around the fortunes of the construction giant, report Reuters citing people familiar with the matter. The money will be used to prioritize work on projects deemed key to the government, as well as to pay staff and creditors, the people said, withRead More


I’ve No Mayoral Powers, Says Karachi Mayor; Doesn’t Rule Out MQM Alliance With PML-N

April 21, 2018 (DESPARDES/PKONWEB): The Mayors of Pakistan’s two largest cities– Karachi and Lahore have pledged to cooperate and learn from each other’s experiences to solve their city’s problems. Karachi’s Mayor Wasim Akhter was in Punjab’s capital city on a one-day visit at the invitation of Lahore’s Mayor Mubashir Javed, and visited Parks and Horticulture Authority, Lahore Waste Management Company and got briefings on the operatonalization of these departments. Metropolitan Corporation Lahore (MCL) hosted the Muttahida Qaumi Movement-Pakistan’s (MQM-P) leader and the Mayor of Pakistan’s financial capital who won theRead More