Friday, January 11, 2019

Baltistan, Sakrdu varsity students visit ISPR

Baltistan, Sakrdu varsity students visit ISPR

Baltistan, Sakrdu varsity students visit ISPR


RAWALPINDI, JAN 11  - A delegation of students and faculty from University of Baltistan, Skardu visited ISPR.

The group interacted with DG ISPR and acknowledged efforts of Pak Armed Forces for bringing peace and stability in the country. 

They also thanked special efforts and assistance by Pak Army towards socio-economic development of  GB.

DG ISPR appreciated  role of youth in failing the attempts of hostile powers through 5th Generations warfare using social media and targeting the youth.

DG ISPR asked students to stay well aware of the challenges and focus on their career progression so as to positively contribute towards national development.

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Korea to continue investing in Azad Kashmir: Ambassador Kyu

Korea to continue investing in Azad Kashmir: Ambassador Kyu

Korea to continue investing in Azad Kashmir: Ambassador Kyu


ISLAMABAD, JAN 11 - Ambassador Kwak Sung-Kyu of the Republic of Korea (RoK) assured Sardar Masood Khan, President Azad Jammu and Kashmir on Friday that his country would continue investing in Azad Kashmir, especially in the power sector.

He specifically mentioned the hydropower projects of Patrind and New Bong which have already been completed, and Gulpur hydropower project which was being constructed. In addition, one was being planned at Athmuqam.

President Masood Khan thanked the South Korean Ambassador for the investment of his country’s enterprises in Azad Kashmir and thus contributing to Azad Kashmir’s energy infrastructure development.

He invited the South Korean entrepreneurs to diversify their investments in Azad Kashmir to other sectors, such as the Information and Communication Technology (ICT) and IT industry.

The President also thanked the South Korean Ambassador for his country's contribution to the United Nations Military Observer Group in India and Pakistan (UNMOGIP), which monitors ceasefire along the Line of Control (LoC).

Sardar Masood Khan said that the engagement between the United States and North Korea, as well as the constructive role played by the RoK President Moon Jae-in in the quest for peace and diplomacy, have rekindled hopes for engagement on the Jammu and Kashmir dispute as well.

 “No barrier should be considered absolute in the search for conflict resolution. All avenues for the diplomatic solution must be explored with diligence and determination”, he said.
The President extended a formal invitation to the South Korean Ambassador to Muzaffarabad, AJK.

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The Jeff Bezos divorce: $136 billion and Amazon in the middle

The Jeff Bezos divorce: $136 billion and Amazon in the middle

The Jeff Bezos divorce: $136 billion and Amazon in the middle


The announcement by Amazon founder Jeff Bezos, the world's wealthiest man, and his wife that they will divorce has captivated the imagination ─ how will they split his giant fortune, estimated at $136 billion? 

And what will happen to the Internet retail giant ─ will his soon-to-be ex get a significant stake, and how would that affect his control of the company?

The former MacKenzie Tuttle knew the 54-year-old Bezos before fame and wealth came calling.

The couple met in 1992 when he was a hedge fund manager on Wall Street, before he became an entrepreneur who changed the way hundreds of millions of people live. They married less than a year later.

She was by his side for the entire Amazon adventure, from the company's humble beginnings in his Seattle garage in 1994 to its mammoth success today.

Thursday, January 10, 2019

Pakistan Army displays fire power capability

Pakistan Army displays fire power capability

Pakistan Army displays fire power capability


KARACHI, JAN 10 - Pakistan Army Air Defence displayed its fire power capability at Air Defence firing ranges near Karachi.

Firing by all air defence weapon systems was culminating event of two weeks long exercise Al Bayza-2019.

Chief of Army Staff (COAS) General Qamar Javed Bajwa and Chief of Air Staff (CAS) Air Chief Marshal Mujahid Anwar Khan witnessed the firepower display.

Pakistan Army displays fire power capability


Hallmark of the event was first ever fire by recently inducted Long Range Air Defence Weapon System LY80. 

Induction of LY-80 has realized the concept of a comprehensive, layered and integrated air defence capability with enhanced lethality.

Interacting with the officers and troops, COAS congratulated Army Air Defence for successful conduct of firepower capability display.

COAS said that LY 80 has greatly enhanced air defence capability of Army Air Defence while strengthening it at National level along with PAF, the overall custodian of the defence of Pakistan air space.

CAS Air Chief Marshal Mujahid Anwar Khan also congratulated Pak Army for induction of LY 80 which has reinforced Pakistan’s overall Air Defence capability.

Commander Karachi Corps, Commander Army Air Defence Command and number of other senior commanders and principal staff officers also witnessed the event.

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ICCI asks govt to come up with solid strategy for economic revival

ICCI asks govt to come up with solid strategy for economic revival

ICCI asks govt to come up with solid strategy for economic revival


ISLAMABAD, JAN 10 - The Islamabad Chamber of Commerce & Industry (ICCI) has called upon the Government to come up with a clear cut and solid strategy for the revival of dwindling economy and put it on the path of sustainable growth as the prevailing aura of uncertainty on economic front was creating concerns in the business community.

Ahmed Hassan Moughal, President, Islamabad Chamber of Commerce & Industry said business community had lot of hopes from PTI government that it would create conducive environment for businesses enabling them to flourish smoothly, but there was no tangible improvement in the economic outlook due to which an impression of uncertainty was prevailing in the business circles and productive sectors.

He said the World Bank’s latest report “Global Economic Prospects, Darkening Skies” has projected Pakistan’s GDP to decelerate to 3.7 percent during 2018-19 and Pakistan could face financing needs due to large current account and fiscal deficits combined with low forex reserves.

He said that PTI leadership before elections had made many promises for implementation after coming into power which included strengthening institutions, turning around loss making public sector entities into profit generating PSEs, improving governance and enhancing tax collections.

However, despite the passage of four and a half months in the government, there was no significant progress on any of these fronts, which was cause of concerns.

He said the rupee has tumbled down to more than 11 percent during PTI government, but there was only one percent increase in exports, which was not encouraging.

He said this scenario warranted that government should come up with a solid strategy to turn around the shrinking economy.

He said such a strategy would give confidence to the business community and help it in finalizing its future business plans with better comfort level.

Rafat Farid, Senior Vice President, ICCI said that overall growth of large-scale manufacturing has decreased by 0.65 percent during July-Oct: 2018-19 compared to the same period of last year.

He said though the government has arranged financing needs from friendly countries for one-year period, however, it was still not clear how the government would tackle the economic challenges after the lapse of one year without significant promotion of tax revenue and exports.

Iftikhar Anwar Sethi, Vice President ICCI assured that business community would fully support the government in its efforts aimed at steering the economy out of prevailing challenges and putting it on the path of accelerated growth.

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AIOU to follow UK’s model to enhance its academic standing

AIOU to follow UK’s model to enhance its academic standing

AIOU to follow UK’s model to enhance its academic standing


ISLAMABAD, JAN 10 - Allama Iqbal Open University (AIOU) will follow the distance learning model of Open University of United Kingdom to enhance its credibility and academic standard.

The Open University of UK was first one in the world introducing open distance learning system in 1969.  Its credibility and quality of education is well recognized worldwide and the AIOU that was first in Asia wishes to work on the same pattern so that its degrees and certificates get due importance.

This was announced by Vice Chancellor Professor Dr. Zia-Ul-Qayyum while addressing a reception given in his honour by the Employees Welfare Association (EWA).

The University will bring into practice new technology in educational pursuits for achieving the ultimate target of quality education.

The process of automation and introduction of ‘State of the Art’ technology in admission, examination and other sectors will be completed within a period one and half year.

Elaborating his priorities and polices to be followed during his  four-years’ tenure, Dr. Zia-Ul-Qayyum said the betterment of the employees and  improving the University’s reputation and integrity will be his main focus.

Responding to points raised in the welcome address by the EWA’s President Sajid Janjua, he said he will always be open-hearted for improving their working conditions and providing them their due rights.

While urging the employees to show dedication and commitment in their work, he said any wrong-doing will not be spared.

Dr. Zia-ul-Qayyum assured the contractual and daily wages’ employees will be given preference in recruitment and while filling the vacant posts.  

He assured them that their residential facilities in University’s premises will be expanded.

Improving contents’ deliver system will be another priority area. All current University’s tutors will be de-registered this year and they have to meet a fresh appointment’s criteria.

The purpose of the revision of tutors’ appointments’ system will be to improve the evaluation and assessment mechanism in the teaching process.

President EWA, Mr. Janjua assured the VC his all-out support in further development of the University, enhancing its reputation and credibility among the people.

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‘FATF satisfied over Pakistan’s efforts to curb money laundering, terror financing’

‘FATF satisfied over Pakistan’s efforts to curb money laundering, terror financing’

‘FATF satisfied over Pakistan’s efforts to curb money laundering, terror financing’

ISLAMABAD, JAN 10 -: Pakistan’s efforts to combat money laundering and terror financing, to have an extent satisfied the Financial Action Task Force (FATF), according to sources.

The FATF session has also pointed out certain areas for betterment before May this year to get out of the grey list.

Pakistan’s delegation headed by Finance Secretary Arif Ahmed Khan is currently attending a three-day conference of the FATF in Sydney.

The delegation includes officials of the Financial Monitoring Unit, State Bank of Pakistan (SBP), National Counter Terrorism Authority (Nacta), Federal Investigation Agency (FIA) and Federal Board of Revenue (FBR).

The Paris-based global watchdog on anti-money laundering and terror financing has reviewed most of the 10-point action plan as some relatively insignificant areas were left for review on Thursday after which the FATF will give its final opinion on the matter, sources said.

The anti-money laundering and anti-terror financing body has mostly expressed its satisfaction over the steps taken by Pakistan, the sources further said.

It will provide time to Pakistani officials to work on the remaining demands of the FATF.

According to sources, a broader review of the compliance with international commitments will be held at another meeting in May. 

That meeting would decide about Pakistan being removed from the grey list of the FATF or not.

The international body had gone through the report sent by Pakistan last week before the review meeting.

The task force team appeared to be convinced over the measures taken by Pakistani authorities to combat terror financing and money laundering as per the resolutions of the United Nations.

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