EU has been applying double standards against us for a long time; with the support of our nation, we will continue to do whatever is good, right and beneficial for our country

Turkish President

The Asian Telegraph Recep Tayyip Erdogan www.theasiantelegraph.net Saturday, September 19, 2020| Vol: XI, Issue: 144 ABC CERTIFIED /asian_telegraph

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F .theasiantelegraph.net FDI up by 40% in first PM directs Balochistan’s two months of FY21 mineral sector’s

KARACHI development Asim Saleem Bajwa terms Reko The first two months of the ongoing fiscal year 2020-21 witnessed 40 per cent increase in Diq case stay great relief foreign direct investment (FDI). According to RAWALPINDI data released by the State Bank of - (SBP), the FDI from July to August was recorded $220.7million. Major investments were re Special Assistant to Prime Minister on Information corded from Norway, Malta and Netherlands, and Broadcasting Asim Saleem Bajwa has said the report further added. Norway remained that after the decision of stay order by World Bank on the top of the list with $40.50 million. The tribunal in Reko Diq case, the Prime Minister Imran State Bank of Pakistan’s (SBP) data showed Khan had directed to accelerate development of that Foreign direct investment (FDI) in Pakistan mineral sector in Balochistan. In a tweet, he said has increased by 40% to $226.7 million in the stay order by World Bank tribunal on 6 billion first two months of the ongoing fiscal year of dollars award against Pakistan is a great relief. Asim 2020/21 with analysts believing that overseas- Sleem Bajwa said the Prime Minister also wants investors were betting on an economic recovery utilization of best technology, while local investors from the five-months of the downturn. The cen and local human resource should be involved tral bank’s data showed that the FDI increased during the development process. He has termed the by $162 million in the same period of the last stay order by World Bank tribunal on $6bn award fiscal year. As per the data, the majority of new- against Pakistan, a ‘great relief’. The reforms in the investments were seen in financial businesses, Committed to reform power sector sector will increase foreign investment and human electrical machinery and oil and gas explora- ISLAMABAD: Prime Minister chairs meeting regarding revival of Cinema Industry of Pakistan here on Friday. Photo by VoM resources, he added. A day earlier, Pakistan was tion sectors. In August, the FDI totalled $112.3 awarded a stay in Reko Diq case from World Bank million, depicting 24% growth from the corre tribunal. Attorney General Pakistan (AGP) office sponding month of FY2020. Analysts told The- Reforms to ensure uninterrupted power supply to masses: PM had termed the development a ‘success’ for Pakistan News that the persistent upward trend in the and its legal team for earning a stay on the hefty FDI was an indication of overseas investors be fine that comes about two percent of the country’s ing optimistic about the economic recovery in yearly GDP. The global arbiter International Centre - Pakistan. Business activity is rebounding after ISLAMABAD - for Settlement of Investment Disputes (ICSID) had the government lifted coronavirus lockdown in professor at the University of Chicago, terrupted power supply to the people. in July last year, decided in favour of the Australian Prime Minister Imran Khan on Friday- August. Various sectors of the economy such as Prime Minister Khan for utilizing- attended all resources the meeting to via provide video link. cheap He encouraged power to the consumers suggestions of in company in a case wherein Pakistan was made the construction, energy and manufacturing are- said that the government was commit During the meeting, ongoing reforms ternational experts regarding reforms- liable to pay off $6 billion in compensation. However showing signs of recovery. A breakdown of the ted to bring reforms in the power sec in the power sector were reviewed in the power sector of Pakistan, saying- Pakistan, upon enforcement proceedings by data revealed that the FDI in the financial sec tor. Presiding over a high-level meet and various suggestions were made in that we will provide all possible as Tethyan Copper Co. Pty Ltd on the litigation, filed tor sharply rose to $85.4 million in July-August- ing here, PM Imran said that power view of the important role the power- sistance to experts in the implemen- a petition for a stay and initiated annulment. ICSID reforms aimed at ensuring cheaper - FY2021. That was compared with $14 million a - sector plays in economic development. tation of the reform process. Federal granted Pakistan a provisional stay earlier in April year earlier. FDI in the electrical machinery in and uninterrupted electricity supply to Prime Minister Imran Khan appreci Minister for Power Omar Ayub, Minis upon initiating proceedings for the annulment of the the people. “Leave no stone unturned creased to $36.5 million from $15 million. The - ated the research done by experts on ter for Planning Development and Spe verdict. The stay order granted by the World Bank’s oil and gas exploration sector attracted $34.3- in provision of cheaper and uninter Pakistan’s power sector. The Prime- cial Initiatives Asad Umar, Minister for International Centre for Settlement of Investment million of FDI in two months of the current fiscal rupted power supply to the masses,” Minister reiterated his commitment of Information and Broadcasting Shibli Disputes (ICSID) in the Reko Diq case was a great he directed to the concerned authori - year as opposed to $25.1 million in the same pe - ensuring speedy completion of the re Faraz, renowned economist and power relief for the country, SAPM on Information and riod last year. Norway was the largest investor- ties. The prime minister said that the form process, especially in the energy- experts were present in the meeting. Broadcast retired Lt Gen Asim Saleem Bajwa said on in Pakistan followed by Netherlands and Malta, reforms in the power sector were vital sector. During the meeting, the Prime Earlier on July 30, Prime Minister Im Friday. “Stay order by World Bank tribunal on $6 Bn according to the SBP’s data. In July-August, in for economic stability and develop Minister said that the present govern- ran Khan had said that reforms in the award vs Pakistan is great relief,” VoM vestment from Norway rose to $45 million from ment in the country. He said that the ment was committed to reforms in the- power sector were vital for economic- $0.1 million a year ago. VOM former governments had not focused power sector. He said that energy sec stability in the country. Presiding over on reforms in the energy sector. Prime tor is a key factor in the economic de a high-level meeting on power sec Minister Imran Khan has said that the velopment of the country. In the past,- tor reforms in Islamabad, PM Imran government will use all its resources to attention was not paid to the growing had directed to devise an action plan ensure affordable and uninterrupted - - needs of domestic and industrial con to implement reforms in the power power supply to the public. During the sumers and sector’s reforms, wasting sector at the scheduled time. He had meeting, reforms regarding the core the potential of economic develop- also directed the authorities to ensure- issue were reviewed. Dr. Robin Bridg ment in Pakistan. Imran Khan said- strict action against those elements es, a professor at the London School of the government would use all its re who were creating problems for con Economics, and Michael Greenstone, a President Gurbanguly for Pak-Turkmen JGC,sources JWG to ensureGerman affordable Envoyand unin hailssumers.VoM Europe imposes fresh Covid-19 related curbs on diverse sectors Pak efforts to resume COPENHAGEN educational activities which is set to unveil a raft of new restrictions on Sohail Majeed Butt Large parts of Europe on Friday geared up for Friday. Madrid officials warned that the region’s ISLAMABAD operationalization of TAPI project that would go a- ISLAMABAD broad new restrictions to stop the coronavirus, healthcare system was coming under increasing - long way in further strengthening bilateral relations after infections worldwide topped 30 million- pressure, with one in five hospital beds occupied President of Turkmenistan, Gurbanguly between the two countries. While underlining the sig German Ambassador Bernhard and the World Health Organisation warned of by Covid-19 patients amid a second wave of the- Berdimuhamedov on Friday proposed online meet nificance of CPEC, the President said that the Corridor Schlagheck Friday lauded Pakistan’s “alarming rates of transmission”. Britain is limit illness. Anxiety has been growing in the city about- ings of existing institutional mechanisms between would boost regional connectivity and countries of efforts to mitigate the socioeconomic ing gatherings and France is set to roll out new the prospect of a return to lockdown after a top re the two countries such as Joint Governmental the region particularly Afghanistan and Central Asian- impacts of the coronavirus pandemic- curbs for major cities as governments across the gional health official on Wednesday raised the pos- Commissions and Joint Working Groups on trade,- Republics would tremendously benefit from its road and create conducive conditions for the continent battle fresh spikes of the disease. More sibility for the worst-hit areas. “It would be bad for communications, agriculture, industry, transport, and railway infrastructure. He also highlighted the im students to resume educational activi than 943,000 people have now died from Covid- shops, for small businesses and little bars that sur and science and technology so as to enhance coop- portance of Gwadar seaport which offered shortest ties. “It is the happiest moment to see- 19 since it first emerged in China late last year, vive on people coming in,” said 55-year-old Maribel eration in these areas. In a telephonic contact with route to Turkmenistan and suggested, in this regard, the kids are back to schools after a six according to an AFP tally, with Europe accounting Quesada. “People are really sick of being at home, President Dr here, Turkmen President ex- early finalization of a Memorandum of Understanding months break due to the novel corona for more than 200,000. WHO regional director for- the (spring) lockdown was very difficult.” In Britain, changed views on Pakistan-Turkmenistan bilateral- (MOU) on sister port relationship between the ports virus crisis,” he said while talking to Europe Hans Kluge said a surge seen this month new curbs will take effect on Friday, with Prime relations, implementation of TAPI Gas Pipeline pro of Gwadar and Turkmenbashi. The President Dr Arif- state newswire here. The envoy said “should serve as a wake-up call” after the conti Minister Boris Johnson warning that pubs may ject, and TAP Power Transmission lines. They ex Alvi apprised President Gurbanguly Berdimuhamedov the COVID-19 had unexpectedly shaken nent recorded 54,000 infections in a single day have to close earlier to help avoid a “second hump” pressed satisfaction over the existing relationship about Pakistan’s policy of smart lockdown that suc the world, which would continue to face last week - a new record. “Although the numbers of infections. About two million people in north- and emphasized the need to further strengthen and cessfully contained the Corona pandemic. VoM the socioeconomic consequences of the reflect more comprehensive testing, it also shows east England, including in the cities of Newcastle diversify trade, economic and energy cooperation- virus for quite a long-time. “Showing alarming rates of transmission across the region,” and Sunderland, will no longer be allowed to meet between the two brotherly countries. He also invited solidarity with each other during the Dr Kluge told an online news conference from people outside their homes. Only table service will President Dr Arif Alvi to participate in the interna trying times is the responsibility of Copenhagen. The Spanish capital of Madrid said be allowed in bars and entertainment venues will tional conference titled “Policy of Neutrality and its all of us,” he said, adding the German it had been overwhelmed by the virus and called have to close by 10pm. The government already Importance in ensuring International Peace, Security Government had up scaled its support for decisive action from the central government, imposed rules across England on Monday limiting- and Sustainable Development” scheduled to be held to the local Pakistani governments in socialising to groups of six or fewer, as daily cases in Ashgabat in 2021. President Arif Alvi felicitated their fight against the pandemic and- reached levels not seen since early May. French au President Gurbanguly Berdimuhamedov and the promote such activities, which would thorities are also preparing tighter restrictions in people of Turkmenistan on the 25th Anniversary of help mitigate the socioeconomic ef several cities to curtail a resurgence that has seen the Permanent Neutrality being celebrated this year. fects of the pandemic at a local level.- nearly 10,000 new cases per day in the past week. He also thanked his Turkmen counterpart for making Bernhard Schlagheck also eulogized the Health minister Olivier Veran said Lyon and Nice telephone call, saying such interactions at high levels role of parents and teachers in ensur would be under new rules by Saturday, after curbs would bring the two brotherly countries further closer. ing the observance of SOPs (standard on public gatherings were imposed this week in President Dr. Arif Alvi underscored the need for early operating procedures) in schools. Bordeaux and Marseille. China’s fiscal revenue 5.3% up in August Oil prices up as OPEC pledges commitment to output cuts Central bank injects -

liquidity into market year on year, while local gov Bank of China injected a total Bureau Report ernments saw fiscal revenue of 170 billion yuan (about- SINGAPORE/DUBAI/LONDON/MOSCOW said that countries such as the- known as OPEC+, is currently drop by 5.1 percent to about- 25.15 billion U.S. dollars) into United Arab Emirates, Iraq and- cutting output by 7.7 million- Bureau Report 6.75 trillion yuan. Friday’s data the market, including 110 bil Oil prices rose on Friday after Nigeria, which have overpro barrels per day up to December- BEIJING also showed the country’s fis lion yuan through seven-day- the OPEC+ meeting, which duced, have been asked to com to support prices, as the coro China’s fiscal revenue climbed cal spending fell 2.1 percent reverse repos at an interest pressed for further compliance pensate for this by the end of the navirus crisis continues to ham 5.3 percent year on year in- from a year earlier to nearly 15 rate of 2.2 percent and 60 bil- with the group’s production- year. “We will see in time how per demand. “However, due to August to reach 1.2 trillion trillion yuan during the eight- lion yuan of 14-day contract cut decision to ease oversupply Russia will later react to these COVID-19, the world economy yuan (177.54 billion U.S. dol month period. In August, fiscal- at an interest rate of 2.35 per concerns. International bench cuts. Therefore, any rift on this- will shrink this year and the lars), official data showed spending expanded 8.7 percent- cent, according to a statement mark Brent crude was trading at- issue may put pressure down- aviation sector especially will Friday. In the first eight year on year as local govern on the website of the central $43.75 per barrel at 0728 GMT- prices,” he said. Given the on be adversely affected, signaling months, fiscal revenue totaled- ments stepped up implemen bank. The move was intended- for a 1.04% increase after clo going fragility in the supply-de a demand rebound will not be 12.68 trillion yuan, down 7.5 tation of major projects, the to maintain reasonable and sing Thursday at $43.30 a bar mand balance, Uysal said it soon,” Uysal added. Political risk percent year on year, nar ministry said. China’s central ample liquidity in the bank rel. American benchmark West might take until next spring to and oil analyst Jose Chalhoub rowing from a decline of 8.7 bank on Friday continued to ing system, the central bank Texas Intermediate (WTI) was stabilize supply and demand in noted that despite the OPEC+- percent in the first seven pump cash into the banking said. With 90 billion yuan of- at $41.45 a barrel at the same spite of the approximate 10% group’s continuing demand months, according to data by system via reverse repos to reverse repos maturing Friday, time for a 1.17% increase after output cuts aimed at reducing concerns and the impact of co the Ministry of Finance. Tax maintain liquidity. The People’s the operation led to a net in ending the previous session at- OPEC supply. OPEC and allies ronavirus on oil prices, Saudi revenue in the January-August- jection of 80 billion yuan into $40.97 per barrel. Oil prices- including Russia, a grouping Arabia’s harsh response to over period fell 7.6 percent from a the market. A reverse repo is spiked after the OPEC+ mee performing countries that did year earlier to reach 10.82 tril a process in which the central- ting on Thursday, which resul- not comply with production lion yuan. Revenue from value- bank purchases securities from ted in full commitment to the cuts was a very clear indicator of added tax, the largest fiscal commercial banks through bid OPEC+ agreement and compen “who is in charge of the game”. revenue source of the country, ding, with an agreement to sell sation mechanism. Tolga Uysal, Further oil price increases were fell 15.2 percent year on year. A them back in the future. China an energy markets specialist capped as energy firms started breakdown showed the central- pursues a prudent monetary and founding partner of Deriva to return crews to offshore oil government collected nearly policy in a more flexible and Consulting, told Anadolu Agency platforms after Hurricane Sally 5.93 trillion yuan in fiscal rev appropriate way, according to of the determination of many weakened in the Gulf of Mexico enue during the eight-month this year’s government work OPEC countries to comply with where more than half of the US period, down 10.1 percent report. the production cuts. However, he oil refineries are located. Saturday,Monday, September July 27, 2020 19, 2020

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Editor-in-Chief: Amna Malik Editor: Syed Mushahid Naqvi KP minister orders to seal businesses Phone: + 92 51 2814017 Offce # 407/408, 4th Floor, Evacuee Trust, Agha Khan Road, F-5/1 Islamabad violating SOPs

PIA lost Millions in fake SAIMA ZAMAN flight scam After fake licenses scandal involving pilots, another scam hit the national flag carrier on Monday with its officials making about Rs8 million in the sale of tickets for special flights to Europe.Sources told that some officials hief Minister Mahmood Khan on Monday down the premises that neglected to execute the rules. regarding choice made in the last gathering of National at the Sialkot PIA office accommodated 50 or so old ticket holders for their guided the authorities to shut down all or- The gathering surveyed the current limit of public area Coordination Committee, SOPs were settled for opening travel to Italy and Paris on special flights in violation of rules to mint money. ganizations that were not after the SOPs emergency clinics with uncommon spotlight on clinical the travel industry area, nonetheless, it was not opened at As per policy, the PIA has not been accommodating passengers having tick- set down to secure individuals against the showing organizations (MTIs) as to managing the Covid this point for vacationers. Mr Khan coordinated the quar- ets issued prior to Covid-19 pandemic, (since mid-March) for any destination Covid-19 pandemic in the region. An asser- cases. It examined different measures to upgrade the ters worried to make a serviceable arrangement to get the For special flights, the PIA is issuing new tickets which are almost double the tion gave here said that Mr Khan was leading limit of the clinics. The gathering chose to give a uniform SOPs executed and do a public mindfulness crusade before price of the fare charged for regular flights issued prior to the pandemic.“The Ca gathering of the common taskforce on Covid-19 that approach rule to all the MTIs of the territory to manage officially opening the places of interest. The gathering was officials in question accommodated old purchased tickets by charging extra evaluated the circumstance coming about because of the Covid cases and offer timetables to those foundations for additionally educated that SOPs were being concluded money from their holders (passengers) for their travel to Italy and Paris,” pandemic in the region and usage of SOPs gave by the upgrading their ability. It additionally chose to improve to open between divisional vehicle in the region while a source said, adding the officials did this fraud in collaboration with some commonplace government for different areas to back and reinforce coordination and working relations between SOPs were settled for opening between common vehicle, travel agents.He said the ‘culprits’ (officials) made some Rs8million from this off lockdown. The gathering was aattended by Minister the wellbeing office and all the MTIs to guarantee execu- nonetheless, it would be opened in counsel with different trick. “Through this fraud the officials also deprived the PIA of a huge sum of for Health Taimur Saleem Jhagra, Shaukat Yousafzai and tion of the public authority’s Covid-19 approach in letter areas. The gathering was informed that worldwide trips to money,” he said and added that the fraud had been detected and an inquiry Adviser to Chief Minister Ajmal Wazir, Corps Commander and soul. The central clergyman guided the important au- Peshawar were reestablished and according to plan gave launched against those involved.PIA spokesperson Abdullah Hafeez was not Peshawar Lt Gen Nauman Mahmood, Chief Secretary Dr thorities to guarantee arrangement of the necessary assets by Civil Aviation Authority, Peshawar air terminal would available for a comment on this matter.Those availing the special repatria- Kazim Niaz, IGP Dr Sanaullah Abbasi, Additional Chief to MTIs and devise a functional arrangement to improve get 48 global flights for every week. tion flights to Pakistan have earlier expressed their concern on inadequate Secretary Shakeel Qadir Khan and different authorities. limit of locale and tehsil base camp emergency clinics also. arrangements to acquire tickets, costly fares and non-refundable tickets in The gathering was informed about usage of SOPs and He additionally guided the authorities to gather a unique case of any mishap.Earlier, the federal government had asked the National social removing measures. Communicating disappoint- gathering on Monday close to survey progress on the limit Database and Registration Authority (Nadra) to book tickets, instead of PIA, ment over the execution status of SOPs in a portion of the improvement of the MTIs. The gathering was informed for those repatriated from the US.Lack of coordination between the Pakistani areas, the gathering focused on the requirement for get- about the current offices including accessibility of venti- Writer is the Assistant Editor ‘Mélange int’l embassy in the United States and the Pakistan International Airlines (PIA) ting the SOPs carefully actualized. Mahmood Khan guides lators, high reliance units and separation units saved for Magazine’, ‘The Asian Telegraph’ & Project has been causing problems to stranded passengers in getting their tickets authorities to give expected assets to emergency clinics crown patients in all the public areas medical clinics of Coordinator (COPAIR); a degree holder in booked for home-bound travel The central priest additionally guided authorities to shut the region. The gathering was educated that in the light communication & media sciences.

Sindh plans to hire Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect The Asian Telegraph point-of-view 2,200 doctors to fight Today in History covid he Sindh government on Monday declared its arrangement to enroll 2,200 specialists in a transition to connect the augmenting hole arising because of the developing number German troops, tanks break into Stalingrad of Covid cases in the area after a bigger number of well- being laborers succumbed to Covid-19. The choice came during a gathering mutually led by Sindh Chief Secretary September 19, 1942 TSyed Mumtaz Ali Shah and Health Minister Dr Azra Pechuho. An asser- tion said the gathering was likewise gone to by the secretary account erman troops and tanks have broken Syed Hassan Naqvi, secretary wellbeing Kazim Jatoi, Vice Chancellor of into Stalingrad for the third time and Dow University of Health Sciences Prof Dr Muhammad Saeed Qureshi crack German commandos are being and other senior authorities. “The central secretary guided the secre- dropped in by aircraft in a bloody tary wellbeing to move an outline to Sindh Public Service Commission battle for control of the city. The final for the enrollment of 2,200 specialists,” it said. “The central secretary German drive for the Volga began. By Sindh additionally guided him to keep in touch with the Higher Education Gthat afternoon Chuikov’s command post had been Commission (HEC) to expand the quantity of professional seats in the silenced and the fight was decentralizing to rifle- clinical colleges and universities of the area.” The gathering, it stated, ex- company level as German spearheads flicked to- amined different issues of the wellbeing division, including arrival of pay ward the landing areas along the Volga that were rates of recently designated clinical officials, staff attendants, lab tech- Stalingrad’s last hope. With the fate of the city in nologist and specialists; arrival of assets for the Child Life Foundation, the balance, a desperate Chuikov secured a single the Trauma Center, clinical colleges; enlistment of new specialists and division from Zhukov, Aleksandr Rodimstev’s 13th extension of high reliance unit (HDUs) and escalated care units (ICUs) Guards.That night the division crossed the Volga, of the territory. While trying to address the difficulty of Covid-19 in the clawed out a bridgehead and held it for five days. It area, the Sindh government recently expanded the designation for the was long enough for further reinforcements to reach wellbeing area by 16.1 percent from Rs114.4 billion to Rs132.88bn in the the city. It was also long enough to create doubts on commonplace financial plan for 2020-21. Notwithstanding Rs132.88bn, the German side about the wisdom of clearing the Rs7bn has been distributed for nine vertical projects, including polio massive factory and warehouse complexes along control, AIDS and TB, along these lines making the absolute designation the river that were becoming the focal points for a for the wellbeing area Rs139.17bn. Notwithstanding confronting a genu- defense whose ferocity surpassed anything they had er’s bullet to an artillery barrage. In one of modern he projected a dour fatalism that linked the fate of ine monetary crunch, the common government additionally expanded ever experienced.Stalingrad became a city of rubble, history’s great examples of leadership, Chuikov kept the city and its garrison. German generals and colo- wellbeing’s advancement portfolio. smoke and ash, where seeing and breathing became his men fighting by the force of his character. He nels also led from the front, hoping that inspiration chores and movement invited anything from a snip- offered no rhetoric and made no promises. Instead, would make up for lost mobility.

Oscar Academy members split on new rules for best picture Mozilla shuts down Firefox Send file TENNESSEE transfer service Since the Academy of Motion Picture Arts and Sciences announced new in- clusion standards for the Best Picture category last week, Academy members privately seem to be equally split on the move one of the biggest changes to Oscar rules in decades. Some won- der what the fuss is about and suggest the new rules don’t go far enough to encourage diversity in the industry, while others call the changes one more bad idea that won’t boost the show’s ratings or reputation.One Academy member who spoke with TheWrap on condition of anonymity called the new inclusion standards “insane” and felt they have the potential to further CALIFORNIA enue from search-engine partners like Google drag down ratings from those who Mozilla permanently shut down its Firefox during the coronavirus pandemic. The non- see the requirements as a form of af- Send service for transferring files after people profit is trying to expand into new areas, but the firmative action, while also being a used it to launch online attacks, the nonprofit Firefox Send service’s fate shows it’s not easy to way for studios to easily avoid making announced.”Firefox Send was a promising tool branch out beyond its core product, the Firefox major changes. “There’s no end to the for encrypted file sharing,” Mozilla said in a state- web browser.Two key services that Mozilla will end-runs people could make around ment. “Unfortunately, some abusive users were continue to push are designed to improve your these half-baked rules,” the member beginning to use Send to ship malware and con- online privacy: its $5 per month virtual private said.However, another member of the duct spear phishing attacks.” Spear phishing is network, or VPN, and its simpler $3 per month AMPAS Board of Governors said that a personalized attack designed to fool you into Firefox Private Network. Also canceled is the Academy officials had encountered “a but it’s easily doable,” the member said. people to think about these things.” The meet two of four sets of criteria for di- sharing sensitive information like passwords. Firefox Notes service, which let people synchro- little confusion about what it all means, “In my mind, they’re only saying, ‘Guys, new eligibility standards dictate that versity (the others include options for Mozilla paused the Send service during the nize notes across multiple devices. The Notes but not much pushback.” Another long- you should be thinking about this stuff.’ movies must have a certain amount studios to employ diverse executives summer when it detected the problem, then app for Android will be removed in November, time member said the new standards Almost no film will be disqualified, of diversity and inclusion in front of or provide internship or develop- decided it’s not worth the expense of relaunch- and although the browser extension will remain are not only simple, but common sense. and no filmmaker will say, ‘You’re not and behind the camera to be eligible ment programs for underrepresented ing. Mozilla just laid off a quarter of its 1,000 longer, Mozilla won’t develop it beyond adding “It’s great. It’s certainly only a first step, letting me make my art.’ But it forces for Best Picture, with films needing to groups). employees to try to cope with shrinking rev- an option to export notes.

COMSTECH announces scholarships for Turkish scholars at ICCBS SOHAIL MAJEED BUTT sciences at the ICCBS through ISLAMABAD TWAS/ COMSTECH fellowship Consul General Turkish programs. These students will Consulate General Karachi be placed in various sections Tolga Uçak visited International of ICCBS based on their fields Center for Chemical and of interest for 6-12 months. Biological Sciences, University ICCBS will cover their bench fee, of Karachi, Pakistan. Prof. Dr. accommodation and research M. Iqbal Choudhary, Director expenses.Establishment of Pak- ICCBS and Coordinator General Turk Mirror Research Centers COMSTECH, received the Consul in the Field of Halal and Textile General and briefed about the Product Development were also various projects and activities proposed. The Consul General going on at the ICCBS as well of Turkey, welcomed the pro- as COMSTECH. It was indeed posals of collaboration and en- a very useful and pleasant sured the full support in both meeting with lots of excellent initiatives. He agreed to coordi- ideas exchanged.Prof. Dr. M. nate with Turkish universities Iqbal Choudhary announced 5 and research institutions in this annual research scholarships regard. A detailed discussion to the Turkish graduate and on the status of various clinical post-graduate scholars in the trials on COVID-19 drugs/ vac- field of chemical and biological cines was also held. Saturday, September ,19, 2020

www.theasiantelegraph.net PSX rises ahead of monetary policy statement 75.5 million shares, gaining Rs0.63 to close KSE-100 index gains 170 points to at Rs13.98. It was followed by Unity Foods with 45.3 million shares, gaining Rs1.26 to Aniston, Pitt reunite during settle at 42,504.76 close at Rs18.09 and with 38.9 Bureau Report million shares, gaining Rs0.71 to close at ‘FastTimes’ virtual table read KARACHI Rs19.32. Foreign institutional investors were Bullish momentum prevailed at the Pakistan net sellers of Rs25.96 million worth of shares Stock Exchange on Friday as investors took during the trading session, according to data cue from previous day’s trend and pushed compiled by the National Clearing Company the benchmark index higher. The market got of Pakistan. At close, the benchmark KSE-100 off to a positive start and the index moved index recorded an increase of 170 points, upwards with investors waiting for central or 0.40%, to close at 42,504.76 points. bank’s monetary policy statement at the start Unity Foods recorded brisk activity with of next week. Furthermore, market players high volumes and hit its upper circuit on cherished the rebound in international crude expectation of higher earnings, short-sell oil market and made fresh investment in oil positions and ahead of the issue of right Hercules (-14 points), Pakistan Tobacco (-9 stocks, which closed in the green.However, shares, which will be credited into inves- points), Engro Polymer and Chemicals (-7 the release of disappointing foreign direct tors’ accounts on September 25. The cement points) and Lucky Cement (-7 points).On the investment (FDI) data on Thursday, which sector faced selling pressure without los- news front, the World Bank’s International slowed down to a 12-month low in August, ing much ground in terms of stock prices. Centre for Settlement of Investment Disputes drove down the market and investors re- The transport sector topped the volumes (ICSID) granted a stay order against the en- sorted to offloading their stockholdings. with trading in 78.1 million shares, followed forcement of a massive penalty of $6 billion Overall, trading volumes rose to 516.1 mil- by power firms (76.4 million) and food com- imposed on Pakistan for denying mining lease WASHINGTON lion shares compared with Thursday’s tally of panies (66.9 million). Individually, stocks to the Reko Diq project of Tethyan Copper It was a Brad Pitt and Jennifer Aniston reun- 508.7 million. The value of shares traded dur- that contributed positively to the index in- Company (TCC). Pakistan International ion! The former couple participated in Dane ing the day was Rs13.6 billion. Shares of 417 cluded OGDC (+43 points), Fauji Foods (+28 Bulk Terminal (+4.7%) and Kot Addu Power Cook’s Feelin’ A-Live, a virtual live table read companies were traded. At the end of the day, points), UBL (+27 points), Meezan Bank (+20 Company (-6.2%) declared their FY20 re- of Fast Times at Ridgemont High. The actors, 184 stocks closed higher, 210 declined and 23 points) and Pakistan Oilfields (+15 points). sults, where they posted earnings per share as well as Jimmy Kimmel, Morgan Freeman, remained unchanged.Pakistan International Stocks that contributed negatively were Kot of Rs0.64 and Rs26.83 respectively with no Henry Golding, Shia LaBeouf, Matthew Bulk Terminal was the volume leader with Addu Power Company (-19 points), Dawood cash payout. McConaughey, Sean Penn and Julia Roberts, among others, teamed up for an unrehearsed, anything-goes table read of the 1982 coming- Turkish external assets hit $232.1b in July of-age film.The twist was that even with some of the film’s original stars present, including Bureau Report the bank noted. On the liabilities side, direct in- held within the resident banks recorded $32.6 bil- Penn, no one knew which iconic role would ANKARA vestment – equity capital plus other capital – as of lion at the end of July 2020, reflecting a decrease go to which A-lister! Well, Aniston ended Turkey’s external assets stood at $232.1 billion at the end of July was $201.8 billion. The figure was of 6.2% compared to the end of 2019,” the bank up playing Linda, and Pitt played Brad, lin- the end of July, falling 8.4% from the end of 2019, down 23.3% from the end of 2019 “with the con- said. “Turkish lira deposits increased by 15%, re- ing them up for a spicy scene together. Fans the Turkish Central Bank announced on Friday. tribution of the changes in the market value and cording $15.7 billion.” The Central Bank said that understandably couldn’t handle the “delight- The country’s liabilities against non-residents in- foreign exchange rates.”In 2019, the average US total external loan stock of the banks amounted fully awkward and ironic and weirdly sweet” creased 2.2% to hit $611 billion during the same dollar/Turkish lira rate was around 5.68, while one to $63.6 billion – down 6.3% – and total external moment. The hour-long event highlighted be- Malaysia cuts period. “The NIIP [net international investment po- dollar was exchanged for 6.87 liras on average this loan stock of the other sectors was $93.3 billion, loved scenes from the cult classic film, and sition], defined as the difference between Turkey’s July. “Foreign exchange deposits of non-residents declining 3% in the same period. served as a fundraiser for CORE (Community medical tourism external assets and liabilities, posted minus $378.9 Organized Relief Effort), a humanitarian or- billion at the end of July 2020, in comparison to ganization co-founded by Penn, and Reform targets minus $344.5 billion at the end of 2019,” the bank Alliance in the fight against COVID-19. The Bureaau Report said.Showing a snapshot in time, the NIIP – which streams featured a “donate” button onscreen, KUALA LUMPUR can be either positive or negative – is the value and you can also give by texting CORE to Malaysia’s aim to attract medi- of overseas assets owned by a nation, minus the 707070. Los Angeles Mayor Eric Garcetti in- cal tourists by focusing on curb- value of domestic assets owned by foreigners, troduced Thursday’s event, praising Penn’s ing the coronavirus outbreak including overseas assets and liabilities held by a work in fighting the pandemic.VoM hit a roadblock as resurgences country’s government, the private sector, and its around the world limited its abil- citizens. Reserve assets, a sub-item under assets, Used to get depressed ity to reopen borders. Hospitals were $90.3 billion at the end of July, down 14.6% in the country can expect to earn from the end of last year. Other investments, an- every day: Lady Gaga RM800 million (S$263.1 million) other sub-item under assets, totaled $88.1 billion, a of revenue from medical tour- decrease of 7.3% in the same period.“Currency and ists next year, compared with deposits of banks, one of the sub-items of other RM500 million this year, accord- investment, recorded $46.7 billion, indicating a ing to the Malaysia Healthcare decrease of 1.7% compared to the end of 2019,” Tourism Council. That’s far short of the RM1.7 billion the industry earned in 2019 and its earlier Japan consumer prices fall at fastest pace 2020 target for RM2 billion.“We may not have a normal travel be- Bureau Report losses heighten the risk of deflation.Japan’s said the travel campaign will continue to haviour pattern returning soon,” TOKYO new premier Yoshihide Suga on Wednesday weigh on accommodation while the boost the council’s chief executive of- Japan’s core consumer prices fell at their pledged to contain Covid-19 and retain his to prices from a sales tax hike implemented ficer Sherene Azli said. “Before fastest pace in almost four years in August, former boss’s “Abenomics” growth policies last October will disappear later this year. this we thought that the borders, dragged mostly by government-sponsored while pushing reforms such as deregulation Meanwhile, downward pressure on prices is the pandemic will go earlier than discounts for domestic travel aimed at sup- and digitalisation.The core consumer price broadening from the hit to demand caused expected; now we are thinking porting the battered tourism sector. The index (CPI), which includes oil products but by the coronavirus.The so-called core-core borders will not be relaxed even weak consumer price data comes after Bank excludes volatile fresh food prices, fell 0.4 price index, which excludes food and energy in mid-2021 or even at the end of Japan Governor Haruhiko Kuroda said on per cent in August from a year earlier, gov- prices and is closely tracked by the central NEW YORK of 2021.” Malaysia started al- Friday it would monitor not just price trends ernment data showed on Friday.That com- bank as a narrower gauge of inflation, fell Lady Gaga says there was a time in her life when lowing medical tourists from six but jobs growth in guiding policy, signal- pared with the median market forecast for a 0.1 per cent in August, the first fall since her own identity triggered her depression. “I countries including Singapore, ling a readiness to ramp up stimulus if job 0.4 per cent decline and a flat reading in July March 2017. In July, the index gained 0.4 used to wake up every day and remember I was Japan and Australia to enter and matched the level seen in November in per cent. “There is also a possibility that Lady Gaga and then I would get depressed,” she from July. Since then the coun- 2016. The main factor for the fall in the core weak demand triggered by the coronavi- recently told media. The 34-year-old pop star has try has banned citizens of doz- CPI was a price decline in accommodation rus outbreak could push down consumer discussed her experiences with post-traumatic ens of countries with more than and hotels after the government launched prices going ahead, though we haven’t seen stress disorder, self-harm, and anxiety in the past. 150,000 confirmed coronavirus subsidies for national travel discounts from significant impact on consumer prices so Indeed, she has described her newest album cases, amid concern over local late July to revive tourism. Prices of accom- far,” Shinke said.The economy shrank an “Chromatica” as a journey through pain towards outbreaks that could be traced modation fell 32.0 per cent in August from annualised 28.1 per cent in April-June, its healing.But in her newer story, she was blunt back to visitors from overseas. a year earlier, the index showed.“Downward biggest postwar contraction.Analysts see the about the intersections of her fame and mental The country expects to welcome pressure on consumer prices will likely reopening of businesses after a nationwide illness. After her “Joanne” world tour ended in fewer than 300,000 medical tour- continue and the core CPI index could fall shutdown supporting the economy, but firms 2018, Gaga said she became afraid to leave the ists in 2020, compared with 1.2 to around 1.0 per cent year on year later and consumers remain cautious about the house, spent hours chain-smoking, and began million last year, Sherene said. this year,” said Yoshiki Shinke, chief econo- coronavirus outbreak and the pace of recov- drinking heavily. “My existence in and of itself mist at Dai-ichi Life Research Institute. He ery may be limited. was a threat to me,” she said. “I thought about really dark s--- every single day.”She even said she used to pull the “Lady Gaga card” when friends would try to console her.“It’s the one where you go, ‘I’m Lady Gaga, you don’t understand what it feels like, I want to dress how I want and be who Shahid Afridi bats for PCB’s current domestic structure Removed Qatari president of I am without people noticing, why does every- body have to notice, I’m so sad, I don’t even know why anymore. However, the 11-time Grammy Malaga C.F. owes club $10m: Court winner credited therapy with helping her break Sohail Majeed Butt be given jobs for Cricket Associations. that cycle, as well as the collaborative creative I don’t think so there is unemployment Staff Reporter Bureau Report process behind “Chromatica.” VoM Former Pakistan captain Shahid Afridi at large with the end of departmental cricket, most of the side-lined players MALAGA has thrown his weight behind the cur- Qatari businessman Sheikh Abdullah Al-Thani, who was re- Kate’s £12 hair secret rent domestic cricket structure a day didn’t have a future in the game or were past their prime as players and nearing moved as president of Spanish football club Malaga on charges after Prime Minister Imran Khan, who including the alleged misappropriation of funds, owes the club is also the Patron of the Pakistan Cricket retirement,” he said.On 30 September, revealed Board, fully backed it during a broad- the PCB will begin its second domestic 8.5 million euros ($10.07 million), court papers have revealed. cast deal signing ceremony between the season under the new domestic cricket Al-Thani, who bought Malaga C.F. in 2010, was temporarily re- PCB and PTV Sports.Afridi, who played a model, which is based on six Cricket As- moved by a judge on Feb. 19 and judicial administrator Jose staggering 524 international matches for sociations. Over the course of the 2020- Maria Munoz has been running the business since.Spanish court 21 season, in which National T20 Cup, Pakistan (27 Tests, 398 ODIs, 99 T20Is) we must back it for a year or the next 18 documents relating to the ongoing case, claim that Al-Thani and in a career spanning 20 years, said that Quaid-e-Azam Trophy and Pakistan Cup his family took additional money out of the club during their One-Day tournament will be played, months at least. We shouldn’t rush for re- the new system needs to be given two to sults, Pakistan is seven decades old, eve- ownership for their personal use.On Tuesday, a judge placed three years for it to pay rewards during - cond XI and U19 teams. “Every system rything needs time and this system also an 8 million-euro bond on him after the Association of Small his interaction with the media on the needs time and our backing.” Meanwhile, Shareholders of Malaga C.F. (APA) requested bail be increased sidelines of a Shahid Afridi Foundation eachformulated association needs will to be field given its atfirst least XI, two se to three years,” Afridi said. “This revam- the PCB announced on Wednesday, a from 5.4 million to 11.7 million euros.When Al-Thani took over event.“Currently nearly 290 players are comprehensive plan to boost domestic in the system with contracts [270 do- ped system is still new in the sense that it the club, the team was playing in Spain’s top-flight La Liga after is in its second year. The results will start cricket while providing more job oppor- winning promotion in the 2008/2009 season. However, finan- mestic central or seasonal contracts be- tunities following a historic $200 million sides PCB centrally contracted players] coming in a year or so from now.“If the cial difficulties led to the club selling a number of key play- Prime Minister thinks that this system (three-year) deal for broadcast with the while around 100 former cricketers will state broadcaster. ers and in 2018 the team was relegated to the second tier of will develop world-class players then Spanish football.The APA filed a complaint against Al-Thani for “improper management, misappropriation of funds, and impo- England hope bubble cricket can be blueprint for world game sition of abusive corporate agreements.”Al-Thani and his sons LONDON Nasser, Nayef, and Rakkan were dismissed from their roles as Who wouldn’t want the inside scoop on how Bureau Report nations -- India, England and Australia bit up in the air but we re hopeful after president and members of the board of directors, respectively, to achieve the Duchess of Cambridge’s perfect MANCHESTER -- and the rest, the season was also a Christmas the Test tours (Sri Lanka and and were given five days to lodge an appeal against the ruling. blowdry? Kate’s hairstylist Richard Ward re- England showed the rest of the world timely reminder of the global game s India) will go ahead. ”South Africa we But a court in Malaga rejected their appeal to end Munoz’s ju- vealed the secrets to the royal’s frizz-free, bouncy that cricket could still be played dur- need for interdependence.The West re looking at before Christmas for a dicial administration.Munoz has been managing the day-to-day curls back in 2016, but there’s one part of his tu- ing the coronavirus pandemic after Indies, one of the poorer Test nations, white-ball tour and then we re looking running of the club, but still has to run any major decisions by torial we bet is popular in the Cambridge house- a remarkable season that took place have also sent over a women s team at a red-ball camp in the UAE as well the judge first.On Jan. 22, Spanish authorities seized comput- hold today – a detangling brush. Walking fans entirely behind closed doors.Large for a Twenty20 series that will be to prepare the guys.”Fortunately for ers and documents during a search at Malaga’s La Rosaleda through what is arguably Kate’s signature look, parts of the cricketing world rallied to England s only taste of international English officials the lone breach of lock- stadium. The APA requested the immediate seizure of Al-Thani’s the ‘Chelsea Blow Dry’, Richard told People mag- England s cause, with the West Indies, cricket this season.“It s been success- down regulations, when England fast assets, but its application was turned down by the court on the azine: “The hair has to be in the best condition Pakistan, Ireland and Australia all going ful here and if we can do it, so can other bowler Jofra Archer made an unauthor- grounds that such a move would be premature. possible. I always brush the hair through with ahead with scheduled tours.There had countries,” said England men s coach ised trip home, did not scupper their my anti-tangle and anti-static Tangle Angel.”The been fears the entire campaign could be Chris Silverwood. “Getting cricket on careful planning. And the lack of spec- bristles are not only antibacterial and anti-static wiped out as Britain struggled to bring everywhere around the world is what tators at Southampton and Manchester, but also heat and water-resistant, meaning the down soaring Covid-19 numbers.As it we all want.”He added: “There s quite a the two bio-secure venues used for the brush can easily be used for blow-drying or for is, the English game has already lost 18 fixtures, did not have the damaging trips to the beach or pool – and unlike many more than 100 million pound ($129 effect on performance some feared. clever hair products, it won’t set you back much. million), a figure that could rise to 200 England s Stuart Broad become just Costing just £12.95, the Tangle Angel brush is million pound if the pandemic inter- the seventh cricketer to take 500 Test likely used by Kate at home in Apartment 1A in rupts next season.But those numbers wickets during the West Indies series, Kensington Palace, especially now her daughter would have been even higher had not which the home side won 2-1, before Princess Charlotte has returned to school. The all 18 men s internationals, across all new-ball partner James Anderson five-year-old has the same long dark hair as her three formats, taken place.Against the joined an even more exclusive club by mum, so we imagine she’s picked up some of the backdrop of concerns over the widen- taking his 600th wicket on the last day Duchess’ hair tricks.VoM ing gap between cricket s wealthiest of the series against Pakistan. Saturday, September 19, 2020 The Asian Telegraph www.theasiantelegraph.net

CM Kamal, ministers China to assist in agri review on-going int’l sector’s uplift in S. JVs in Balochistan Balochistan ISLAMABAD ISLAMABAD Federal Minister for National Food Security and Federal Minister for Energy Research, Syed Fakhar Imam on Friday had a Omar Ayub Khan and Special - Assistant to Prime Minister on sador to Pakistan, Yao Jing and appreciated his Petroleum Nadeem Babar wel- farewellcontributions meeting for fosteringwith outgoing bilateral Chinese ties between Ambas Minister Balochistan at Petro- will assist in developing dates processing plants leum House in this morning. comed Jam Kamal Khan, Chief theand twoonion countries. cold storages It was in also Southern decided Balochistan. that China Higher Officials from Govern- Syed Fakhar Imam acknowledged the existence ment of Balochistan and Petro- of expanding friendly relations between the two leum Division also attended the countries and reiterated the importance of Paki- meeting. Both sides deliberated stan attaches to its relations with the People’s upon the matters pertaining to petroleum sector and reviewed the high level visits from both sides have opened the on-going projects related to up new horizons for our bilateral cooperation, international joint ventures in Republic of China. Federal Minister stated that Balochistan. Both sides agreed MoUs and Agreements. He mention that the re- to continue the mutual coopera- particularlymarkable contribution in the field of of Yao agriculture Jing for the by signinggrowth tion between the Federation and of bilateral cooperation in all spheres has further Province in energy including oil strengthened our brotherly relations. He ap- & gas sector. The Federal Minis- preciated ambassador’s efforts to push bilateral cooperation within economic framework under Minister on the status of infra- terstructure and SAPM development apprised theprojects Chief He mentioned Yao Jing’s substantial contribu- related to oil sector along with tion for the growth of bilateral cooperation par- oil & gas exploration & produc- the China – Pakistan Economic Corridor (CPEC). tion activities in Balochistan. Imam acknowledged his efforts to appoint an They also explored the areas of ticularly in the field of agriculture. Syed Fakhar cooperation between the Fed- which has helped in effective coordination in all eral & Provincial Government Indian envoy summoned on LoC violations Agriculturalareas of agricultural Counselor cooperation. in the Chinese He appreciate Embassy, for development of mineral sec- out going ambassador interest and persistent Minister said that the present Kashmir dispute cannot be resolved by use of force: FM provincial government had pre- tor in the Province. The Chief helpa long in way Pakistan’s to further efforts strengthen to fight against relations locust as pared a comprehensive policy well as development of Agriculture and live stock for development of the natural and COVID-19. He mentioned that CPEC will go ISLAMABAD Village, sustained serious injuries, a Foreign Of- sector in Pakistan. The ambassador induced his resources and several projects side for a working level meeting between the had also been included in the an- - Salve, represented Pakistan and India, respec- iterated that Kashmir dispute cannot be solved two sides to kick start process for the JWG. Ac- nual development programme deplorable targeting of innocent civilians by the Queen’s Counsel, Khawar Qureshi and Harish- ForeignbyIndian the use Minister of force.call Shah In Mehmoodafor statement allowing Qureshi on Friday, has reheQueen’s Indian occupation Counsel forces, init was Jadhav underscored case rejected - cordingly, a working level delegation of Pakistan for development of the natural fice statement said issued here. Condemning the led by Senior Joint Secretary visited Ministry of resources. He added that Pro- said strategy of India, which has been using force that such senseless acts were in clear violation against the Kashmiri people for the past seven tively. A Queen’s Counsel is a barrister or advo vincial Government had took cate, appointed as Counsel to the United King concrete steps to stablise the decades, has totally failed. The Foreign Minister against all established humanitarian norms and consistently making efforts to evade the Jadhav said India tried to use force to gag the voice of dom’s Crown on the recommendation of the Lord - provincial economy through its ofprofessional the 2003 military Ceasefire conduct. Understanding, “These egregious and also Chancellor.case. Pakistan The had FO alreadySpokesperson given “uninterrupted said India was Agriculture & Rural Affairs (China) in July 2019, the Kashmiris through draconian laws and re- and unimpeded” consular access to Jadhav and heform added. for B-2-B Imam interaction said that with first participation China-Pakistan of own natural resources, so that, leading business enterprises from both sides and people of Balochistan could cul- strictions. He said there is no precedent of the Indian attempts to escalate the situation along was ready to extend the same in future as well, Agricultural Cooperation forum provided a plat atrocities that have been committed in Indian conclusion of private sector related MoUs. The tivate benefits from the develop- violations of international law reflect consistent - ment and economic activities in security,” the FO statement said. Pakistan on Minister Imran Khan would virtually address the year. He made it clear that India cannot succeed tinuously following this with their authorities for the Province. At the conclusion theFriday LoC categorically and are a threat rejected to regional any possibility peace and to heUnited said. Nations Zahid General Chaudri Assembly confirmed on thatSeptember Prime illegallyin resolving occupied the dispute Kashmir by these since atrocities. August 5 Shah last Minister said that Chinese Embassy is also con Wenliang followed up with their side for the visit and Federal Minister resolved its spy Kulbhushan Jadhav, currently on a death- on the agenda. He said due to the restrictions imposed by the local government in New York, its early finalization. The ambassador and Dr. Gu ofto extend meeting, consultations the Chief Ministerand co- allow a Queen’s Counsel by India to represent 25 with the issue of Jammu and Kashmir high processing units and to grant market access to operation on energy projects to Mehmoodwhich proves Qureshi that they said have the not Kashmiri accepted peopleIndian Jadhav is out of question as only a lawyer with there would be no in-person high-level partici- steps.The Foreign Minister said Prime Minister Pakistani cherry, potato and onion. VoM take maximum mutual benefit bury their martyrs in Pakistan’s national flag, rowlicense in Pakistan.to practice “Allowing in Pakistan a Queen’s can appear Counsel before for pation from outside. He said Foreign Minister of the Chinese Quarantine inspectors to meat from natural resources in the Imran Khan will highlight the Kashmir issue in country. VoM his upcoming address to the UN General Assem- virtually in the high-level meeting of the General bly. A senior Indian diplomat was summoned the Ministry of Foreign Affairs. India has recently - to the Ministry of Foreign Affairs on Friday to the court,” Foreign Office Spokesperson Zahid Shah Mehmood Qureshi would also participate Hafeez Chaudri said at a press briefing here at ry of the United Nations. To a question on induc- or an Indian lawyer in the case of serving navy violations by the Indian occupation forces along Assembly to commemorate the 75th Anniversa called for appointment of a Queen’s Counsel India Air Force, the FO Spokesperson termed register Pakistan’s strong protest over ceasefire - tionthe developmentof five French-made “disturbing” Rafale where fighter India jets coninto- - tinued to amass military capabilities beyond its Indian occupation forces in Hotspring and Jan- Commander Jadhav pending with the Islamabad the Line of Control (LoC) on September 17. Due High Court for review and reconsideration fol genuine security requirement. He stressed that to indiscriminate and unprovoked firing by the Rafale jets were dual-capable systems that could s/o Muhammad Riaz, 26-year-old Nusrat Kausar lowing the verdict of International Court of Jus ticea military (ICJ). Jadhavcourt afterwas arrestedhis confession from Balochistan of involve- drot Sectors of the LoC, 15-year-old Irum Riaz platforms, and also warned of its adverse affect Muhammad Hussain, residents of Andrala Nar in 2016 and was handed over death sentence by alsoon strategic be modified stability as in nuclear South Asia. weapon VoM delivery w/o Abdul Rauf and 16-year-old Mukheel s/o ment in terrorist activities.Ready In Jadhav’s to work case in with ICJ US on FBR takes major decisions on tax system,– theaudit top judicial organ of United Nations – the ADB to help Asian members to secure equal basis: Russia We will try to carry out less audit and its timely completion. Hafeez for automation to On the other hand, we are also making efforts to cut down COVID-19 vaccines Russia is ready to work with the win- maintain transparency in tax - MOSCOW MANILA toward recovery, Asakawa said the ADB fund process will be expedited as the government returned ner of the forthcoming U.S. presiden- collection system tial elections, Russian Foreign Minis- will build on its relationship with its mem- ISLAMABAD business expenditures.” The finance adviser said that the re Friday vowed to support the efforts of its bers to support them in key areas like a policy for creating ease to the business community and ter Sergey Lavrov said in an interview Adviser to Prime Minister on Finance Abdul Hafeez Shaikh with Sputnik news agency published Thedeveloping Asian Developmentmembers to secure Bank (ADB)safe and on promoting regional cooperation and inte- announced on Friday that the Federal Board of Revenue Rs240this year’s billion refund by the will end be of made the last without year. “Weany havepause introduced and brib- gration, investing in health, education, and ery.” Abdul Hafeez Shaikh detailed that the tax refund worth Friday. “But we will talk with Washing- ton on all issues of interest solely on formulate strategies for equitable delivery. social protection, tackling climate change, the basis of equality, mutual benefit, effectiveTo accomplish vaccines this, forthe Manila-based COVID-19 and ADB to addressing the digital divide and cyber- (FBR)that promoting took two transparencymajor decisions through for ensuring automation transparency and digita in- said that it would continually strengthen security. The ADB announced in April to - and the search for a balance of inter- thelization tax system in tax collection and 10,000 system audits of this Federal year. ShaikhBoard ofsaid Revenue Friday up to Rs100,000 has been cleared from 2013 till date so far, ests,” Lavrov said. “Talking to us with collaboration with other partners like the provide a 20 billion U.S. dollar package to was a prime agenda of the government. or this purpose, he whereas,funds by therefunds government, worth up he to Rs10added.He million said will that be committeesmade in the World Health Organization, the World - have been constituted for resolving complaints against the ultimatums is pointless and useless. If said, the FBR has made public the tax payers information and upcoming phase. A total of Rs28 billion will be spent on tax re someone has not yet understood this, Bank, GAVI, the Vaccine Alliance, vaccine published the taxpayers directory which contains tax record then these are worthless politicians,” experts, and pharmaceutical companies. grants and technical assistance to help and business activities were increased in Pakistan despite the In an address to ADB’s Board of Gover- help its developing members address CO of individuals and parliamentarian and could be accessed by he added. He recalled that under the VID-19.governments This meet included urgent rapid medical emergency needs; common masses, he said while launching the Taxpayers Di- Federal Board of Revenue (FBR). Shaikh said that the exports nors, ADB President Masatsugu Asakawa - Javed Ghani said that the institution is issuing tax audit and previous U.S. President Barack Obama, - Russia was first accused of interfer- also said the bank is committed to helping tion, which is supporting countercyclical tax directory in accordance with the regulations. VoM developing economies in Asia and the Pa- dul Hafeez Shaikh, while addressing a ceremony of releasing spread of coronavirus pandemic. FBR Chairman Muhammad ence in the internal affairs of the Unit- aexpenditure new COVID-19 programs; Pandemic and Response assistance Op rectorytax directory, and Computerized said that FBR wantsBalloting to devise for Audit a transparent 2018 here. taxa Ab- ed States, which was used as a pretext for the private sector. The ADB has so far tion system through stepping forward to an automatic system for imposing sanctions, including a “ADB will continue to earn your trust as for tax payments. “Tax payment system is being automatised “raider seizure of Russian property in cifica steadfast recover partnerfrom the during COVID-19 the pandemic.uncertain times we still face in our region as we build from today and all related processes are being computerised the United States, the expulsion of doz- committed about 11.2 billion U.S. dollars as well. We do not want unnecessary audit [of taxpayers]. In ens of our diplomats with their fami- for a strong and lasting recovery,” Asakawa development partners, the ADB has also said. Asakawa was speaking at the opening in financial and technical assistance to past, many audits had been initiated that are still pending to lies and much more.” Lavrov said the fight the pandemic. Working closely with issue of Russia’s alleged interference of the business session of the second part - in U.S. internal affairs still occupies of Governors, this year held in a virtual and mobilized about 7.2 billion U.S. dollars in be concluded. 14,000 audits had been conducted last year. one of the dominant places in Wash- cofinancing to prevent the spread of CO- However,some people the arelast removedyear’s audits from were the process. not completed. The basis “10,000 point ington’s policy. of ADB’s 53rd annual meeting of the Board pandemic. As the region moves forward VID-19. Established in 1966, the ADB is auditsfor making will be these conducted changes this is year making which a istransparent below 1 per system. cent as owned by its 68 members and 49 mem abbreviated format due to the COVID-19 bers are from the Asia-Pacific region. Global Markets Virus resurgence biggest threat to euro zone economy: Economists Stocks weighed down by lack of stimulus BRUSSELS/GENEVA/FRANKFORT til at least end-2022. That comes despite a strong euro, and no trade deal reached The resurgence in coronavirus cases is between the EU and United Kingdom SHANGHAI/LONDON/NEW YORK - U.S. stock options, stock index futures and the biggest threat to the recovering euro when the Brexit transition period expires World stocks struggled on Friday on inves- index option contracts, known as “qua- zone economy, according to a poll of econ- pandemic-related additional asset pur- at the end of the year. The Reuters poll tors’ concerns about resurgence in coro- that will create Spain’s biggest domestic druple witching”. “You tend to get a lot of the European Central Bank’s planned navirus cases and lingering disappoint- Caixabank CABK.MC valued it at 4.3 bil 1.35 trillion euros (S$2.17 trillion) of lion euros ($5.10 billion) as part of a deal volume going through markets on days more likely to create negative surprises recovery fund from the European Union cent quarterly growth this quarter, by far London Stock Exchange LSE.L said it had like this and that can exacerbate volatil- over the coming year than positive ones. their monetary support this week with- omists, who say growth and inflation are chasesdue to kick and in an next historic year. 750But the billion concern euro ofthe over strongest 80 economists on record, pointed following to 8.1an hisper- bank.entered Euronext into exclusive ENX.PA talks added to 5.6%sell Borsa after ity,” said James Athey, investment direc- - is that no new stimulus is on the horizon, mentout promising that central new banks stimulus. merely The affirmed dollar Italia to the French exchange operator. tor at Aberdeen Standard Investments. fected by the virus globally, and more than other than national governments extend- forecast was unchanged from the August was back to near the bottom of its recent “Recently, markets have been listless and Around 30 million people have been in ing worker furloughs put in place early range following its brief journey higher shares outside Japan .MIAPJ0000PUS add- lacking any sort of driver in either direc- toric 11.8 per cent contraction in Q2. That after Wednesday’s U.S. Federal Reserve deepest recessions on record and break- this year as they struggle with soaring MSCI’s broadest index of Asia-Pacific- tion. In a bigger picture sense, politics will 900,000ing up supply have died, chains triggering around some the world. of the debt. Euro zone unemployment, which meeting. The Fed promised to keep rates be an increasing focus until the end of the poll. Quarter-on-quarter growth is then low for a long time but gave no new hints While a strong euro zone rebound is un- - predicted last month. In a worst-case sce- ed 0.5%. Stocks in China made their stron year, with the U.S. elections and Brexit derway as lockdown restrictions have set to slow sharply to a still-strong 2.5 per about any further monetary support. The virus struck to where it was before the centnario, in the Q4, economy but down was from forecast 3.0 perto grow cent gest gains in three weeks, with the CSI300 negotiations, which don’t seem to be pro- been eased and businesses reopened, Bank of England and the Bank of Japan world shares index .MIWD00000PUS was gressing at all, and European elections, finally declined just before the corona sounded more open to further stimulus index .CSI300 adding 2.2%, a move led by France and Spain among others in the ago, is already rising. Ninety percent of financial companies. The U.S.-heavy MSCI with Italian regional elections next week.” - on Thursday but also took no action. Ten- in three weeks. Signalling a stemming of resurgence. That is raising the possibility last financial crisis more than a decade 4.5 per cent in Q3, compared to 4.0 per sions in Asia also bubbled up after Taiwan centsus a in 2.0 the per last cent poll. fall The in worst-case the August for poll. Q4 up 0.2%, heading for its first weekly gain on Friday. Figures on Thursday showed 19-memberof renewed blocrestrictions are grappling and lockdowns. with virus U.S.the consumerrecovery in confidence the U.S. labour data is market due later is - economists, or 37 of 41 who responded is now just a 0.4 per cent contraction ver - toinfections an additional was the question biggest riskin the to Septthe euro 15- the risks to both their euro zone growth Thursday’s losses on Wall Street, S&P 500 stalling. That meant the dollar [=USD] tions over the summer months has made zone economy over the coming year. The scramblednese military fighter exercises. jets as Inmultiple choppy Chinese trade, But analysts warned about potential vola- extended overnight losses and was down 17 Reuters poll, said a further surge in But over 80 per cent of respondents said the pan-European STOXX 600, STOXX was futures

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