With the deepening of economic globalization, trade in services has become a key part of international trade and trade cooperation among nations, injecting new impetus to the world economic growth

Chinese President

The Asian Telegraph Xi Jinping www.theasiantelegraph.net Monday, September 07, 2020| Vol: XI, Issue: 132 ABC CERTIFIED /asian_telegraph

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/company/theasiantelegraph F .theasiantelegraph.net ollo PakistanF .theasianteleg israph.net a peace loving country but it will respond befittingly if war is imposed on it: Army Chief

RAWALPINDI/ Chief of Army Staff General Qamar Javed Bajwa Air Force Day to be observed with saysChief Pakistan of Army is a peace Staff loving General country but Qamarit Javed Bajwa says Pakistan is a peace loving country but it will respond befittinglytraditional if war is zealimposed tomorrow on it. Addressing the main ceremony in connection with KARACHI willDefence respond and Martyrs befittingly Day if at war GHQ is imposedin Rawalpindi, on it. he said Pakistan demonstrated this in response Air Force Day will be observed with patriotic zeal on Monday (tomorrow) to commemorate dexterity and valor of the defenders of air space of the said we are ready to respond immediately and September 7, Air Force Day is celebrated across the country to re-live the to the botched attack on Balakot. The Army Chief Pakistan has gone through a great ordeal in the countrymemory againstof 1965 Indianwar when aggression our valiant in September pilots despite 1965 limited war. Everyresources year not on last twenty years and faced wars on eastern and with full force to any action of the enemy. He said on the so-called mighty India through unprecedented skill in the warfare we fought a nerve-wracking war against terrorism only annihilated Indian air aggression but also inflicted humiliating defeat which had launched a clandestine attack on Lahore at Burki border with the westernand extremism borders. in Generalwhich thousands Qamar Jawed were Bajwa martyred said anddream insurmountable of a sumptuous courage.breakfast Indian at Gymkhana Air Force, Lahore to aidein the the morning Indian but army had illegally abrogating the special status of Illegally failed miserably after valiant resistant by proud sons of soil like Major Raja Aziz Bhatti Shaheed, attacked Pakistani air space but were mauled by the andOccupied millions Jammu were and displaced. Kashmir He has said once India again by no doubt that Kashmir is a recognized dispute and threatenedPakistan does the notpeace accept of the any region. unilateral He said decision there is Pakistani Shaheens (falcons) in the air and decimated in the blink of an eye. The day belonged to the Pakistan Air Force (PAF) ace Muhammad Mahmood conferred military awards to army personnel Alam (commonly known as M.M.Alam) who shot down five of the Indian in this regard. On the occasion, the Army Chief Air Force Hawker Hunter Mk. 56 fighters in less than a minute. M.M.Alam destroyedbecame history’s the first only four jetIndian ‘ace-in-a-day’ fighter jets in in One first Hundred 30 seconds years while history the fifth of became his victim within next 30 seconds. He claimed 11 kills in a day and for acts of gallantry during various operations. seconds and not only won international acclaim but also was deservedly InBisalat all, 40and officers a soldier were was awarded United Sitara-i-Imtiaz Nations the World Aircraft. He is one of the few aviators who became a hero in few (Military), 24 officers and soldiers Tamgha-e- September – Air Force Day – also raised status of the PAF in the comity of bestowed with Sitara e Jurrat (SJ) for his dexterity and eagle eyes action. Medal. Medals of Shuhada were received by their Pakistan Defence Day 2020 will not be observed with traditional pomp and family members. Defence Day 6th Spetember nations as a great air force with impeccable skills and dexterity. Though, the show owing to the novel coronavirus (Covid-19) pandemic in the country. No enemy can defeat a nation so united in purpose: PM All the traditional air shows have been cancelled at the air bases. However, the PAF will release a special documentary ‘Mujahiddin e Aflak ko Salam’ Pakistan’s armed forces fully capable of defending the country, says PM as nation marks Defence Day (AAlthough, tribute publicto warriors and private of Skies) organizations, which will beeducational aired by Pakistaninstitutions Television and the (PTV)armed andforces private are holding channels virtual from ceremonies9 a.m to 11 a.m. to pay on Septemberhomage to the7 (Monday). martyrs ISLAMABAD and ghazis of Indo-Pak 1965 war in connection with the Air Force Day 2020, On the occasion of Defence and Martyrs Day, violation of the United Nations Charter and has special prayers will be offered for the solidarity, integrity and independence Prime Minister Imran Khan on Sunday said tion of Article 370 and 35-A was in complete Pakistan’s stance on peace should not be mis- premier maintained that Indian armed forces laying ceremonies will be held at the graves of the September 1965 war construed as weakness, adding that the coun- unleashedare acting aggressively terror on innocent on the Line Kashmiris. of Control The ofheroes the motherlandwhile the city in roads all the have mosques already after been Fajr bedecked prayers. with Special banners wreath- and try’s armed forces are prepared to respond to (LoC) and such provocation is aimed at divert- ing the world’s attention from their illegal ac- said the world understands that Pakistan’s de- streamers showing solidarity.VoM anysire misadventure.for peace is for Inthe his economic message, wellbeing the premier and says no enemy can defeat a nation so united in - tions in Kashmir. Prime Minister Imran Khan tained that the resilient nation and the Pakistan pay homage to our war heroes, he still recalls, Army have time and again proved that they are prosperity of the people of the region. He main purpose. In a tweet on Sunday, he said as we he can never forget the unity when nation stood to the men in uniform, Prime Minister Imran as a 13 year old, the 1965 war vividly. He said fullyKhan capable in his message of defending observed the country. that size Referring doesn’t Minister said it’s this spirit we need today to matter, rather it is the courage and devotion - resolutely as one against the enemy. The Prime make Jinnah’s Pakistan. VoM FO summons Indian diplomat tothat register matters the‘strong most. He protest’ said India’s abrogaKIIR chief hails UN SR Timely completion of CPEC projects the over ceasefire violations along LoC for raising concerns over government priority ISLAMABAD tempts to escalate the situation along the A senior Indian diplomat was summoned LoC and are a threat to regional peace and HR situation in IIOJK ISLAMABAD 20,000 million have been earmarked for con- to the Foreign Office on Sunday to regis- struction of Motorway from Burhan- Hakla on ter Pakistan’s strong protest over cease- along the LoC and the WB, India cannot di- ISLAMABAD top priority to timely completion of road in- M-I to Dera Ismail Khan which would form fire violations by the Indian occupation security.vert attention He added from that the graveby raising human tensions rights Chairman Institute of Kashmir Institute frastructureThe present projects government related has of beenChina attaching Pakistan forces along the Line of Control yesterday, situation in the Indian Illegally Occupied of International Relations, Altaf Hussain has been divided into five packages and ex- resulting in serious injuries to one inno- Wani has appreciated the United Nations work of ongoing road infrastructure projects partpected of toCPEC, be accomplished the official said. during The ongoing project Special Rapporteur on Human Rights for Economic Corridor (CPEC). Construction Spokesperson Zahid Hafeez Chaudhri said JammuUnderstanding, and Kashmir. investigate The Indian this and side other was raising grave concerns over widespread allocations have been made in the Public , have been earmarked for Construction of centdue civilian.to indiscriminate In a statement, and Foreign unprovoked Office calledsuch incidentsupon to respect of deliberate the 2003 ceasefireCeasefire human rights violations in the occupied underSector CPECDevelopment is going on Programme smoothly and(PSDP) ample to fiscal year. A total of Rs 2500 million, he said- firing by the Indian occupation forces in violations and maintain peace along the Kashmir, especially the closure of the State ensure that these schemes are accomplished Rakhchikri Sector of the LoC, 19 year old Human Rights Commission by the govern- in time, an official of National Highway KKH Phase-II, 118 km Havelian-Thakot sec- - urged to allow the United Nations Military tioneign ofaid China whereas Pakistan Rs 500 Economic million wouldCorridor be - LoCObserver and the Group WB. inThe India Indian and side Pakistan was also to while terming it as a healthy development Rs 10,000 million have been allocated under (CPEC) which included Rs 2000 million for boy,tion residentforces along of Village the LoC Kirni, and sustained the Working se play its mandated role as per the United ment of India. In a statement, the KIIR chief AuthorityPSDP-2020-2021 told APP for on the Sunday. new scheme He said for that du- for land acquisition and resettlement for riousBoundary injuries. have He been said continuously the Indian occupa target- of India vindicates our stand on the rights alization of Zhob-Quetta Road which would local component. The NHA official said that ing civilian populated areas with artillery said,violations, “The UNextrajudicial SR’s letter killings to the and government enforced form an important part of Western Corridor fire, heavy-caliber mortars and automatic Nations Security Council Resolutions. VoM disappearance and abuse of rights by the KKH (Phase-I), Havelian-Thakot section, Rs 250Hakeem million Motorway,Multan-Sukkur, have been earmarked. Motorway For land 2158 ceasefire violations to date, result- serve as an-eye opener for those who have of the CPEC. The project has been divided in acquisitionand Sukkur-Hyderabad of CPEC projects, Motorway, Lahore-Abdul Rs 1500 weapons.ing in 17 shahadatsThis year, Indiaand serious has committed injuries Indianchosen state.to stay He silent said on that the the simmering letter should situ- five50 km packages Qila Saifullah-Nasai including 65 package,km Zhob-Tangi 65 km ation in the held territory especially after package, 65 km Tangi-Qila Saifullah package, million have been specified for improve- deplorable targeting of innocent civilians millionment and have widening been allocated. of Chitral-Booni-Mastuj- He said Rs 350 toby 168the innocentIndian occupation civilians. Condemning forces, it was the the KIIR chairman also appreciated HRW Nasai-Khanozai package and 53 km Khanozai- underscored that such senseless acts are thefor expressingevents of 5th concern August over 2019. the useMeanwhile, of pellet Kuchlak ( Quetta) package. An amount of Rs Nokundi-Mashkhel road deposit work, Rs Shandur Road, also part of CPEC and for- Understanding, and are also against all es- rights watchdogs have always voiced their intablished clear violation humanitarian of the norms 2003 and Ceasefire profes- gunsstrong in reservations Kashmir. Wani over said use that of firearms the human and 1000 million have been allotted. For construc live ammunition insisting that such kind of tionbasis, of Rs 392 2500 km millionSukkur-Multan have been Section allocated which in said these egregious violations of inter- lethal weapons must never be used simply wouldthe PSDP be builtout of on which Build Rs Operate 2000 million and Transfer are in sionalnational military law reflect conduct. consistent The Spokesperson Indian at- German politicians question Russia gas project after Navalny suspected poisoningto disperse an Fallingassembly. VoM oil prices revive concerns about the slowforeign aid, pace the official of said.recovery VoM

Bureau Report Foreign Minister Heiko Maas said Bureau Report suspicion would fall on Russia if it it was always clear that the secu- jet kerosene exports slumped in refinery maintenance season has

Chancellor Angela Merkel on Kramp-Karrenbauer said. “To me Oil SHANGHAI/SYDNEY/LONDON/NEWprices retreated after YORK last wereJuly and low. August, As China’s Chinese diesel refiners and inbeen the deliberately market. More timed importantly, to occur Sunday faced BERLINgrowing pressure Navalny was airlifted to Germany states and Ukraine must be taken week’s rebound as Brent drop- have reduced their runs, while during this period of historically to reconsider Germany’s Nord failedfor hospital to help treatment resolve the after matter. fall- rity interests of Eastern European floating storage remains around Stream 2 pipeline project with ing ill on a Russian domestic flight whether Germany was ready to may extend the maintenance sea- Russia following the suspected - intosanction consideration.” the project, Pressed Kramp- on peddipping to $42.66 below perthe barrel$40 barrier and WTI for weakening of China crude oil lowson as refining a result margins. which would Refiners put poisoning of Kremlin critic Alexei ment says he was poisoned with Karranbauer said: “What happens weakened to $39.77 per barrel, 80imports million at barrels.the end Theof the sudden sum- lasta Novichok month. nerveThe German agent similar govern to now depends on the behavior of outlook for global oil demand mer season, will adversely affect Kramp-Karrenbauer said the ques- the one used in an attempt to kill thehas firstrevived time concerns since June. about A weak the purchasing for October-loading furtherthe US Gulf pressure coast onoil industrythe oil price. was Navalny.tion of sanctions Defence Minister on the pipeline,Annegret Maas of the Social Democratic Party slow pace of recovery from the barrels and will leave some spot Themuted impact because of Hurricane many refineries Laura on which will bring gas from Russia the(SPD), Russian junior side.” partners Foreign in Merkel’sMinister - barrels still available and unsold to Germany, rested on Moscow’s a former Russian spy in England coalition government, said in re- pecially weak gasoline demand cooperation in clearing up what two“I have years always ago. Moscowsaid that says I am it hasnot marks published on Sunday that a COVID-19in the US at pandemic, the end of withthe sum es- were shutting down anyway. seenfond ofno the evidence Nord Stream he was 2poisoned. project,” failure by Moscow to help to clear up the circumstances of Navalny’s have been supported by positive exactly happened to Navalny. illness would add to suspicions that merindustrial driving data season. from Prices the US should and - “I certainly hope that the Russians ned for the sixth week in a row, Russia’swill not forcegovernment us to change was involved. our po- China.which Oilwould inventories usually havealso declibeen sition on Nord Stream 2,” he told Instead, a number of factors are anothernow testing positive prices, for including the price. the theseveral Bild leading am Sonntag conservatives newspaper. for approaching decline in China’s TheMerkel affair to suspend has led tothe calls pipeline, from crude imports in September and a huge, nearly complete project October which are set to fall for to bring Russian gas to Germany the first time in five months as oil buyers struggle to find room of the pipeline, has said it should to store record volumes of crude under the sea.Merkel, a supporter that were snapped up while prices

not be linked to the Navalny case. Monday,Monday, September July 27, 202007, 2020

www.theasiantelegraph.net

Editor-in-Chief: Amna Malik Editor: Syed Mushahid Naqvi Kia marching towards a bigger market share Phone: + 92 51 2814017 Offce # 407/408, 4th Floor, Evacuee Trust, Agha Khan Road, F-5/1 Islamabad

more and better choices to their consumers. He added is working over the electric vehicle policy. He was that the company has plans of introducing vehicles hope full that the manufacturing of EV will play a with aggressive localization providing better cus- positive role for the industry and will open the doors PTI to blame if death tool tomer experience.The CEO said “The newest and of new technology in the market. He mentioned that third addition to our locally assembled range will the acceptance of EV in Pakistan will be a gradual be Kia Sorento, a mid-sized seven-seater SUV built process and it may get some discouragement as EV rises for comfort on a car platform with a V6 3.5 litre 276 will cost 30-40 pc higher than the usual fuel costs. s Pakistan reports the world’s third most noteworthy HP engine. It will be available in three variants. In He stated that we are concerned about our customers proportion of positive cases among those being tried for Amna Malik addition, a fully revamped imported Carnival pas- which is why Kia has not raised it prices despite of Covid-19, the Pakistan Peoples Party (PPP) has requested senger vehicle is also being launched this month. We devaluation of rupee against the dollar. However, that the government emerge from figments, quit making will start bookings in January 2021 and deliveries the other Japanese automakers have beencontinu- light of the danger, and act to forestall a genuine wellbeing he Kia motors, a Korean auto manu- in February 2021”.The company started its sales in ously increasing the prices.Mr. Rizvi talked about emergency. “Surprisingly being tried in Pakistan, 20% are facturing company which re-entered 2019, the response was an unexpected number of importance of expanding the auto industry for the Adetailing positive, which is the third most elevated proportion on the the market of Pakistan Automobile bookings received. However in 2020 the company sake of country’s economic benefit by calling it the planet,” said PPP parliamentary pioneer in the Senate Sherry Rehman partnering with the well-known Lucky was well prepared to take maximum of orders ad- mother of all industries. He further added his rec- in her reaction to Prime Minister Imran Khan’s most recent discourse. group. Pakistan’s auto market had been equately whilst avoiding any mis happenings.“The ommendations to the government to eliminate the She said if the loss of life kept on ascending at the current movement, dominated by the Japanese assemblers, outlook for 2021 is very buoyant with a year-on-year federal excise duty and custom duties over the import in any event, 25,000 Pakistanis would succumb to the destructive infec- Suzuki, Toyota and Honda over three decades. It has expected growth of over 50pc. We are fully geared to structures to attract more investment and accelerate tion before the finish of August. “But we are being informed that the been known that these three had made a monopo- take advantage of the expected rapid market growth. the expansion of the industry. circumstance in Pakistan is leveled out. Which equal the truth is the listic place of their in the market, while charging We will top it up with some phenomenal new prod- government living in?” she inquired. The PPP representative stated: “The higher prices for their cars as complained by the ucts,” said the CEO LMC.The CEO was asked about main undertaking [of the government] was to join the country. He [Prime Tpublic.Kia has been doing a good job in Pakistan the consumers of Kia Sportage. He explained the Minister Imran Khan] has rather decided to isolate it during a period of as their sales for the first quarter of the year 2020- answer while comparing it with Toyota Hilux pickup horrendous emergency.” Tragically, she stated, “the BISP, which is the 21 was 20.5 billion increased from 3.84 billion the truck and mid-sized SUV’s, asserting that Sportage main association helping [the needy] and is the most basic component previous year. The company’s operating profit for is a compact SUV that is built to provide higher of the monetary reaction to the pandemic, got a 15pc spending cut. On the same period was Rs 1.14 billion while the loss comfort to the passengers and the other vehicles are the off chance that the public authority is quite worried about the bleak, was calculated as Rs 332million for the same fiscal built on a different platform which is cannot be com- at that point, for what reason didn’t it guarantee that BISP’s financial year. The number of employees is also increased up pared with Sportage.Moreover Mr. Rizvi confidently Author is the President, Center of Pakistan and plan was expanded?” PM Khan guaranteed that the public authority to a threefold in the Kia complex Bin Qasim, from said “Kia products are fully capable of taking on the International Relations (COPAIR) and Editor-in- would represent each penny of Covid alleviation reserve; however, even 450 employees last year to 1400 currently.During best mass-produced brands in Pakistan.”The CEO Chief of ‘Mélange int’l Magazine’ and ‘ The Asian administrators had not been educated where the global guide had gone, an interview the CEO of Lucky Motors Corporation was then asked about the situation of electric vehi- Telegraph’ the PPP representative added. “We have been asking over and over; said that their product strategy based over providing cles in the country. He answered that government however, no regard is paid to it. From one perspective, he [the PM] says that Pakistan is a helpless nation and, on the other, he is approaching our kin for a noble cause,” she lamented. Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect The Asian Telegraph point-of-view ECC broadens borrow- Today in History ing power of provinces World’s first submarine attack he Economic Co¬¬or¬dination Committee (ECC) of the Cabi¬¬net on Monday substantially enha¬¬-nced borrowing powers of the provinces to secure cash surplus for budget support in line with September 7, 1776 the International Monetary Fund (IMF) program.The meeting pre- sided over Finance Adviser Dr. Abdul Hafeez Shaikh also put in uring the Revolutionary War, the place a series of measures for importing about 2.5 million tonnes American submersible craft Turtle at- Tof wheat to control its runaway prices and gave 45 acres of land to the Inter- tempts to attach a time bomb to the Services Intelligence (ISI) in Islamabad for Rs490m from the federal budget.The hull of British Admiral Richard Howe’s Ministry of Finance had moved a case for special honoraria equiva- flagship Eagle in New York Harbor. It lent to up to three basic salaries to federal government employees was the first use of a submarine in war- at the discretion of federal secretaries but was withdrawn at the Dfare.Submarines were first built by Dutch inventor last moment. The summary proposed one-month basic wage to all Cornelius van Drebel in the early 17th century, but employees, two-month salary to 10 percent employees, and 3-month it was not until 150 years later that they were first salary to 5pc employees of the ministry with the minister’s consent. used in naval combat. David Bushnell, an American At the Finance Division’s request, the ECC approved a new lending inventor, began building underwater mines while a policy to the provincial governments for their Ways and Means re- student at Yale University. Deciding that a submarine quirements and for the signing of agreements by the division and the would be the best means of delivering his mines in State Bank of Pakistan to implement the policy.Under the new policy, warfare, he built an eight-foot-long wooden submers- the existing Ways and Means limit for Punjab has been increased by ible that was christened the Turtle for its shape. Large almost 108pc to Rs77 billion from Rs37bn at present. The limit for enough to accommodate one operator, the submarine Sindh was increased by 160pc to Rs39bn from Rs15bn at present, was entirely hand-powered. Lead ballast kept the craft followed by a 170pc increase for Khyber Pakhtunkhwa from Rs10.1 balancedDonated to the Patriot cause after the out- Rs27bn. The limit for Balochistan was also enhanced by almost 141pc break of war with Britain in 1775, Ezra Lee piloted the to Rs17bn from Rs7.1bn at present.The revised lending policy would craft unnoticed out to the 64-gun HMS Eagle in New secured the bomb when his boring tools failed to pen- the Hudson River, but each time it failed, owing to the allow the provinces to have higher overdraft limits to meet their ex- York Harbor on September 7, 1776. As Lee worked to etrate a layer of iron sheathing. He retreated, and the operator’s lack of skill. Only Bushnell was really able penses and salaries without waiting for the federal transfers based anchor a time bomb to the hull, he could see British bomb exploded nearby, causing no harm to either the to competently execute the submarine’s complicated on revenue collection with a time lag. The four areas would provide seamen on the deck above, but they failed to notice Eagle or the Turtle. During the next week, the Turtle functions, but because of his physical frailty he was about Rs242bn cash surplus to the center during the next fiscal year, the strange craft below the surface. Lee had almost made several more attempts to sink British ships on unable to pilot the Turtle in any of its combat missions.

From ‘Eternal Sunshine’ to new film ‘Ending Things NASA Conducts SLS Booster Test for

LOS ANGELES scheme of Kaufman’s work, it exemplifies a similar territory.“That’s a good question, Future Artemis Missions It’s a futile exercise, attempting to catego- more certain theme in the writer-director’s I don’t have a therapist anymore so I can’t rize or classify Charlie Kaufman movies.That work: romantic strife.Eternal Sunshine is one ask,” Kaufman says when asked what keeps CALIFORNIA woman and the next man on the Moon has not stopped the internet from declaring of the ultimate break-up movies, and other drawing him back to romantic hardships. “I As NASA begins assembling the boosters is just the beginning of NASA’s Artemis I’m Thinking of Ending Things Kaufman’s films like Being John Malkovich, Human think it’s probably a big part of the things I for the Space Launch System (SLS) rocket Program,” said NASA Administrator Jim very first “horror” movie.“Well, if it’s a hor- Nature and Syndecoche, New York have mined think about. that will power the first Artemis mission Bridenstine. “The SLS flight support ror movie, it’s not my first one,” Kaufman to the Moon, teams in Utah are evaluat- booster firing is a crucial part of sustain- tells us during a recent video chat for the ing materials and processes to improve ing missions to the Moon. NASA’s goal is Netflix release). “If you would define it as a rocket boosters for use on missions after to take what we learn living and working horror movie than [Synecdoche, New York] Artemis III.NASA completed a full-scale on the Moon and use it to send humans on is a horror movie. And Anomalisa is a horror booster test for NASA’s Space Launch the first missions to Mars.” For a little over movie. And perhaps [Eternal Sunshine of the System rocket in Promontory, Utah, on two minutes — the same amount of time Spotless Mind] is a horror movie. And Being Sept. 2. NASA and Northrop Grumman, that the boosters power the SLS rocket John Malkovich is a horror movie. They’re not the SLS booster lead contractor, will use during liftoff and flight for each Artemis conventional genre horror movies, but there’s data from the test to evaluate the motor’s mission — the five-segment flight support stuff that I think people are scared of in the performance using potential new materi- booster fired in the Utah desert, produc- real world that exist in these movies.”I’m als and processes that can be incorporated ing more than 3 million pounds of thrust. Thinking of Ending Things is the moody tale into future boosters. NASA has a contract NASA and Northrop Grumman have previ- of a young couple (Jesse Plemons and Jessie with Northrop Grumman to build boosters ously completed three development motor Buckley) on a short road trip to meet his for future rocket flights.“Landing the first tests and two qualification motor tests. parents (Toni Collette and David Thewlis) at their secluded farmhouse on a stormy night as she contemplates breaking up him via voiceover. Or possibly ending her own life, it’s never clear. That’s how the film starts off, anyway. The film takes so many strange turns through its second and third acts, it’s one of those cryptic, abstract cinematic meditations begging for analysis as to what it all means. (The film was adapted from a similarly cryp- tic novel of the same name by Iain Reid.) It has creepy moments, for sure, but Hereditary it is not.When looked at in the grander TAT Special Pakistan Navy Celebrates 55th Anniversary Of Defence Day Of Pakistan

Sohail Majeed Butt national integrity demands a pledge to work self- ISLAMABAD lessly and to adhere resolutely to the Quaid’s great Pakistan Navy celebrated 55th anniversary of principles by anchoring strong faith in Allah SWT. Defence Day of Pakistan with reverence and ef- The day dawned with special prayers offered in all fervescent spirit. The day was observed to com- naval mosques for preservation of integrity and sov- memorate supreme sacrifices of our Armed Forces, ereignty of Pakistan. Quran Khawani were held for Shuhada, Ghazis and national heroes who stood interminable peace of Shuhada of the 1965 war. Chief against the enemy with unparalleled display of of the Naval Staff, Admiral Zafar Mahmood Abbasi unity and tenacity during 1965 Indo-Pak War. laid floral wreath at Shuhada’s Monument at Naval In his message on the occasion, Chief of the Naval Headquarters Islamabad, interacted with the families Staff, Admiral Zafar Mahmood Abbasi paid hom- of Shuhada and offered Fateha. Wreath laying ceremo- age to the Shuhada and Ghazis who remained un- nies and Fateha Khawani were also held at Shuhada’s deterred by the size of the enemy and foiled its memorials at Field Command Headquarters. nefarious designs with grit, courage and honour. Flag hoisting ceremonies were held at all naval units On this day, nation acknowledges sacrifices of and establishments wherein Commanding Officers its gallant and resilient soldiers, sailors and air- of all units and establishments addressed special men who defended the ideological and geographi- gatherings of officers and men and highlighted sig- cal frontiers of their motherland. The Naval Chief nificance of the day. All ships and establishments reiterated that Pakistan Navy is fully capable and were decorated and illuminated in accordance with prepared to give a befitting response to any misad- naval traditions. Other activities of the day included venture by the enemy across the entire spectrum of various colorful sports activities and Defence Day maritime threat. The Admiral urged that this day Fishing Boats Rallies/ Races at Gwadar and Creeks being a symbol of courage, resolve, sacrifice and area. Monday, September 07, 2020

www.theasiantelegraph.net Bulls dominate as PSX shoots past 42,000 Participation picks up as average the Pakistan Stock Exchange (PSX) once again won the title of being the best Asian stock market volumes surge to levels last seen in and became the fourth best-performing market across the world in 2020.“Pakistan’s stock mar- Sam praises ‘authentic’ 2005 ket (has become) the best performer in Asia Bureau Report and the fourth best-performing stock market in girlfriend Britney KARACHI the world,” marketcurrentswealthnet.com, the Bulls charged at Asia’s best stock market as the New York-based global financial markets re- KSE-100 powered past the 42,000 level in the search firm had reported on Tuesday.Investors outgoing week to finish with a gain of 967 points reacted to the development with euphoria and or 2.4%.Interest in cyclical and side board sec- continued buying activity, helping the index ad- tors kept the market buoyant as investor partici- vance for three successive sessions.Sentiments pation remained strong. The index maintained a remained bullish on Thursday that helped the world on weekly basis,” according to an AHL healthy momentum on back of declining yearly KSE-100 index extend the rally from the previous Research report.Average volumes shot up by and monthly inflation and strengthening rupee day to an eight-month high level. Stock market a massive 70% to settle at 745 million shares, against the US dollar. Additionally, sector-spe- participants made fresh investments on back while average value traded jumped 37% to clock- cific developments also spurred buying interest of news that the PSX had emerged as the best in at $139 million. In terms of sectors, positive in select stocks, which further fuelled the rally. Asian market.Market players also expected posi- contributions came from cement (up 194 points), The market finished four out of the five sessions tive developments from Prime Minister Imran oil and gas marketing companies (114 points), in green to settle at 42,023 points.Monday wit- Khan’s scheduled visit to Karachi, anticipating fertiliser (103 points), chemical (83 points) and nessed volatile trading as investors awaited infla- announcement of an economic package for the textile composite (82 points).“Sectors such as tion data, anticipating further reduction in the rain-wrecked city. Unfortunately, the four-day power (up 3%week-on-week), refinery (8.2%) policy rate in September if the inflation dipped. buying spree ended as investors booked profit and chemicals (8.6%) also outperformed the Additionally, the upward revision of profit rates in line with global market trends. The reversal benchmark index,” stated a JS Research report. DUBAI on saving schemes also drove sentiments amid was attributed to world equity markets as par- On the other hand, negative contributions came Sam Asghari has branded Britney Spears some uncertainty.The bullish rally continued to ticipants continued to fret about the increasingly from automobile assembler (down 23 points) as “authentic, funny and humble” as he hit grip the stock market on Tuesday as the infla- uncertain economic outlook.“Average weekly and power generation & distribution (13 points). back at a troll who branded her social media tion rate eased to 8.2% in August - the lowest volume skyrocketed to levels last seen in 2005 Scrip-wise, positive contributions were led by “scary”.The ‘Toxic’ hitmaker’s boyfriend in three months - and helped the index surpass as liquidity continued flushing into the equity SYS (65 points), HASCOL (65 points), COLG (55 heaped praise on the singer as he defended the 41,300-mark.The rally became stronger as market, making it the best stock market in the points), MLCF (53 points) and MARI (53 points). her against an online troll, who slammed her Instagram posts.Responding to a com- ment where Britney was branded “scary”, Nissan unveils cost-saving process he replied: “what’s so scary about being the biggest superstar in the world being herself Bureau Report Nissan’s efforts are important because much of slammed by the coronavirus pandemic.Global (authentic, funny, humble) without caring TOKYO the cost of a car comes from its production, not credit rating agency DBRS Morning Star said what others think ... we need more people like Nissan says it has developed a new way to raw materials, said Junya Inoue, associate pro- this week that Nissan’s lineup is aging, its new her and less Karen’s. also instagram installed produce high-tech auto parts that highlights fessor at the Institute of Industrial Science at the models tend to be in passenger cars where profit this button that you can hit to unfollow about the Japanese automaker’s engineering finesse, University of Tokyo. But automakers have strug- margins are low, and sales are suffering in the 10 years ago (sic)”Meanwhile, Sam previ- even as it faces a criminal trial in the continu- gled with the cost and shaping of CFRP parts, key North American market. It downgraded ously revealed he wants to marry Britney. ing scandal involving former Chairman Carlos as well as with creating a recycling system for Nissan to “negative,” following downgrades last The 26-year-old personal trainer - who has Emirates employ- Ghosn.Nissan Motor Co. said it has achieved a them, which is more challenging than with met- year and earlier this year. Nissan also faces fi- been dating the 38-year-old singer since 2016 “breakthrough” in molding carbon fiber rein- als, Inoue said Friday.“Production innovation nancial misconduct charges related to under- - confessed: “I think that’s the whole point ees to get full sala- forced plastic, or CFRP, components, now used in tends to remain hidden,” he said. “But Nissan reporting Ghosn’s compensation, in a Tokyo trial of being in a relationship - otherwise why racing cars and jets because of their light weight boasts great engineering technology.”Nissan’s that opens Sept. 15.Greg Kelly, an American for- would you be in the relationship?”To cope ries from October and strength.All of the world’s top automakers troubles aren’t over, as its bottom line has been mer senior executive, is also on trial. with the attention that dating the ‘Gimme Bureaau Report are working to boost CFRP use. The hurdles More’ hitmaker brings, Sam turns to the gym SINGAPORE have been cost, which is often about 10 times to refocus his energy. He said: “I use training Emirates airline will restore that of steel, and the long time it takes to mold not for the physical factor, but for the mental full salaries of its employees from the parts.Executive Vice President Hideyuki factor. I go to the gym for spiritual things and October, a spokesperson for the Sakamoto said the CFRP parts will be used in confidence. Dubai-based airline.s COVID-related mass-produced sport-utility vehicles within four restrictions ease in some countries, or five years, thanks to a new casting procedure Chrissy got‘really bad Emirates has been relaunching for the poured resin.The cost savings come from flights to global destinations.The shortening the production time from about three pregnancy headaches’ latest move by the company indi- or four hours to just two minutes, Sakamoto said. cates that UAE’s airlines may be A vehicle rolls off a Nissan assembly line every slowly recovering from the indus- two minutes.Vehicle weight is crucial in mak- try’s worst slowdown. At least two ing models ecological when emissions standards Emirates employees confirmed that are growing tighter around the world, he said. on September 3 they received an HR letter informing them about resto- ration of pre-COVID pay.The letter Ryanair boosts balance sheet with €400m share placement also stated that allowances of staff and managers in certain categories Bureau Report by government bailed out carriers,” the air- at June 30 and unencumbered Boeing 737 would see some reductions, ac- DUBLIN line said.“The placing will provide Ryanair jets worth about €7 billion.However, it also cording to the employees.Emirates’ Ryanair has raised €400 million ($473.6 with greater financial flexibility to capture has €1.9 billion of debt maturing next year, move comes days after media re- million) from shareholders to strengthen these opportunities.”Ryanair flew a little including an €850 million Eurobond and ports said that the airline had re- its balance sheet as it eyes potential market less than half as many passengers in August £600 million raised under Britain’s Covid ceived $2 billion from Dubai since opportunities in the wake of the COVID-19 than in the same month last year, but it has Corporate Financing Facility.Bernstein ana- March.Dubai Crown Prince and pandemic, Europe’s largest low-cost car- one of the strongest balance sheets in the lyst Daniel Roeska described the placement Chairman of the Executive Council, rier said on Friday.The move adds to a industry with more than €3.9 billion in cash as a “small raise for a big company.” Sheikh Hamdan bin Mohammed Al large cash pile at an airline that has been LONDON Maktoum had previously said that less badly affected by the pandemic than Chrissy Teigen is expecting her third child with the government would inject fresh many of its rivals owing to its relatively husband John Legend, 41.And the 34-year-old equity into the company to help it low level of debt and lack of exposure to model was recently ‘cleared’ by a doctor to un- overcome the coronavirus crisis.The the badly hit long-haul and business-class dergo botox treatments with the sole purpose global airline industry has been hit markets.Ryanair issued 35,242,291 shares, of combating her ‘really really bad pregnancy hard by the pandemic, which led to about 3.2 percent of its total share capital, headaches.’‘[I] was thrilled to be cleared to do the closure of borders and ground- at a price of 11.35 per share, a discount of neck muscle botox along with a crazy combo ing of fleets. A full recovery in the roughly 2.6 percent to its closing price on of beta blocker shots and radio wave frequency sector is not expected until 2024, Thursday.The airline said it was raising the something something doctor terms,’ tweeted according to the International Air funds to capitalize on opportunities cre- Teigen on Friday. She added: ‘anyhow man it’s Transport Association (IATA). Due ated by COVID-19 disruption and to de- just so bad but I see the light finally.’By speaking to the pandemic, Emirates saw its risk its debt repayments over the next 12 so candidly about her treatment, Teigen had fans profit drop 28 per cent from a year months.“As we look beyond the next year, we and followers begging her to ‘share more info’ earlier for the financial year ended expect that there will be significant growth about the procedure.One Twitter user that rea- March 31. opportunities for Ryanair’s low-cost model ched out to Chrissy expressed that, although they as competitors shrink, fail or are acquired were ‘not pregnant,’ they have been ‘looking for another option’ for their persistent migraines.‘Jaw Botox for my grinding was a MUST for my regu- lar headaches. You can also do behind the brow for migraines. Life changing,’ replied the Sports Illustrated star. Though Chrissy was able to get Mick provides hope for Ferrari England defender takes ‘full her botox treatment approved while pregnant, one follower was not so lucky.‘They wouldn’t do and followed a similar Bureau Report my botox when I was pregnant. I get it for mi- nightmare in Belgium LONDON blame’ for Iceland red card graines. Hope you get some relief,’ they wrote. Ferrari junior driver Mick Schum- last weekend that re- sulted in a race with- Chrissy, clearly sympathetic to the Twitter user’s acher, son of Michael, was an F2 Bureau Report struggle.VoM winner at Monza on Saturday to out points.We expect- ed it a little bit coming NEW YORK lighten some of the gloom for For- Kyle Walker says he takes “full blame” after being sent off for mula One’s oldest and most glam- into the weekend. We Rachael found online da- orous team at their home Italian knew that Spa and England and hopes it does not mark the end of his international Grand Prix.A year on from Charles here are probably the career.The Manchester City full-back, 30, returned to the side ting after marriage split Leclerc securing pole in front of the two worst tracks for having missed the last six internationals, but received a second massed ranks of tifosi, the feverish us... but for now it’s yellow card in the win against Iceland for a lunging tackle.Walker fans who fill the former royal park like this,” said Leclerc, said he will talk to boss Gareth Southgate about his England fu- last year’s winner.“It’s in their tens of thousands, it was a ture.Southgate said the red card put his team “in a really difficult very different story at the top.Fer- tough, because once you do a good lap situation”.Already on a yellow card and with the ball running rari are going through one of their loose, Walker recklessly jumped in on Arnor Traustason to be- worst slumps, and potentially their and you end up P13 it doesn’t feel good.It hurts even strictions with the race run behind come only the 14th player to be sent off for England.He is now worst season in 40 years.Leclerc closed doors.“On a difficult day like banned for Tuesday’s game against Denmark in Copenhagen qualified only 13th, extracting the more as this is our home race but it’s the reality at the moment for this, there was one ray of sunshine... and faces a tough task to get back into the side as he competes most he could from a car lacking with Mick Schumacher taking his straight line speed at the fastest us, unfortunately.”Sporting direc- for a right-back spot with Liverpool’s Trent Alexander-Arnold tor Laurent Mekies agreed but wel- first win of the season,” he said.It’s track on the calendar, while four- great to see that, at the moment, the and Atletico Madrid’s Kieran Trippier.City team-mate Raheem times champion Sebastian Vettel comed Schumacher’s success at a Sterling earned England a late win in their opening Nations track where his father once delight- top three in the series, leader Rob- was 17th.It was the first time since ert Shwartzman, Callum Ilott and League game with a 90th minute winner from the penalty spot. 1984 that Ferrari had failed to ed the fans, who were sadly absent on Saturday due to Covid-19 re- Mick himself, are all products of our A distraught-looking Walker told Sky Sports: “To get sent off for qualify a car in the top 10 at Monza Academy.” your country is never a nice moment especially after being out of the team for so long and being on 49 caps.“I have to take the Raptors beat Celtics 100-93 to even East semifinals at 2-2 full blame. To make a rash challenge like that is not acceptable. LONDON I don’t blame the pressure, I am a seasoned professional and I Rachael Leigh Cook made an “interesting” Bureau Report 24 points and 10 rebounds for the Celtics. still had a lot of shots that they were able should know how to manage a game.“You have to say fair play to foray into online dating following the end Florida They won their first six postseason games to get off,” Lowry said. “We’re just trying to the lads for digging in and fighting and getting the win.“Hopefully of her marriage.The 40-year-old She’s All No need for any big shots this time. Not the before dropping the last two. Kemba Walker contain those guys: Tatum, Brown, Walker I will be back. I have to talk to the boss and see what he wants That star split with her husband of 15 years, way the Toronto Raptors just kept getting had 15 points and eight assists.“Obviously, even Smart. We’ve just got to continue to to do. I am more than happy to say I want to be around the Daniel Gillies, in 2019, and she tells TooFab stops.Pascal Siakam had 23 points and 11 we didn’t play that well, I didn’t play that make it tough on those guys.”The Raptors team. I have missed it.” Walker was the first player sent off in she took to the Internet in a bid to move on rebounds, Kyle Lowry added 22 points well,” Brown said. “We’ve got to bounce got their own shooting untracked late in Southgate’s four-year reign, with Sterling the previous red card from the failed romance.In a joint interview and 11 boards and the Raptors evened the back and be ready to fight. That’s what it the third quarter to open the first sizable for the Three Lions in a friendly against Ecuador in 2014.England with Damon Wayans, with whom she ap- Eastern Conference semifinal at two games comes down to.”The Celtics were 7 for 35 lead by either team and Boston couldn’t were fortunate to escape with all three points after defender Joe pears in Love, Guaranteed, she says: “I have apiece, beating the Boston Celtics 100-93 (20%) from 3-point range. Brown missed hit nearly enough shots to put much of a Gomez conceded an injury-time penalty, which Birkir Bjarnason a little bit, you know, it’s interesting... it’s the on Saturday.Two days after winning Game 3 his first nine attempts behind the arc and dent in it.The Celtics were a half-second blazed wide. best possible way to talk to a stranger. I like on OG Anunoby’s 3-pointer as time expired, finished 2 for 11, and 4 for 18 overall. from taking a 3-0 lead, from which no NBA it.“But I’m dating someone wonderful now, so the Raptors shut down most of Boston’s Tatum, Walker and Marcus Smart were all team has recovered, after Daniel Theis’ bas- I’ve stopped that,” she adds, referring to her perimeter shooters and Jaylen Brown in 1 for 6 on 3-pointers.“I think we made it a ket gave them a two-point lead Thursday. new boyfriend, Kevin.In their film, a single guy, particular.Serge Ibaka had 18 points off the little bit tougher for them tonight but they But Anunoby’s 3 got the defending NBA played by Wayans, hires Cook’s attorney char- bench on 7-of-9 shooting and Fred VanVleet champions, who overcame a 2-0 deficit in acter to sue a dating app company after being finished with 17 points, six rebounds and the Eastern Conference finals, on the way promised he’d find a romantic partner.“It’s six assists. The Raptors shot only 39.5% but to what they hope will be a similar recov- pretty fun to see the way - just as an actor - I believe they’ll eventually put their offense ery. Coach Nick Nurse assumed the Raptors just think it’s interesting to see how people and defense together on the same night.“I would quickly refocus after the euphoria of present themselves. There’s a character study think we can always get to another level. I that victory, recalling how well they played moment,” she explains of the psychology be- feel like we can always do that and obvi- on short rest after Kawhi Leonard’s series- hind online dating.Meanwhile, Wayans insists ously everyone clicking at the right time, winning shot to beat Philadelphia in Game he’s “never online dated before,” quipping: “I and once we have that we’re a pretty spe- 7 of the second round before falling in Game online date mainly when my wife’s asleep.”VoM cial team,” Siakam said.Jayson Tatum had 1 at Milwaukee. Monday, September 07, 2020 The Asian Telegraph www.theasiantelegraph.net

Masood urges medical Pakistan Navy releases fraternity to voice new video clip on occasion concerns over worst of Defence Day health crisis in IIOJK ISLAMABAD Pakistan Navy has released a new video clip on KARACHI the occasion of Defence Day. According to the President Azad Spokesperson of Pakistan Navy, rich tribute Jammu and Kashmir has been paid to the everlasting sacrifices of Sardar Masood the martyrs of Pakistan in the video clip. The Khan has urged Spokesperson said Pakistan Navy presents medical fraternity salute to the martyrs, who laid down their particularly lives in defence of the maritime borders of their physicians of motherland. The officers and jawans of Pakistan Pakistan and Azad Navy are ready to render every kind of sacrifice Jammu and Kashmir to protect their motherland. to voice their concerns over the worst health crisis in Illegally Indian Occupied Jammu and Kashmir. Addressing a gathering of doctors and senior health consultants across the country in Islamabad, he said people in the IIOJK are facing the worst health crisis of their history as the Indian occupation forces use pellet Nation present salute to Shuhada guns as a mean MULTAN: Foreign Minister Makhdoom Shah Mahmood Qureshi while inaugurating Shah Shams Disposal Station here on Sunday. Photo by VoM who sacrificed lives for defence of crowed control maiming, blinding, Raising Voice for Kashmiris’ Right of motherland: Shibli and injuring them. The AJK President ISLAMABAD said IIOJK people not Comprehensive plan being devised to resolve sewerage issue of city: FM Minister for Information Senator only suffered from Shibli Faraz says we present grievous eye injuries FM Qureshi says Pakistan will keep raising its voice at every forum and in every capital for Kashmiri’s right to self-determination. salute to our Shuhada and Ghazis, but they also have who sacrificed their lives for the been denied access ISLAMABAD ernments and development funds of this eign minister that the newly constructed protection, defence and security to communication Foreign Minister Makhdoom Shah Mah- area had been shifted to other districts. state of art Shah Shams disposal station of their motherland. In his as well as all mood Hussain Qureshi said that compre- He said that the PTI led government pay- was not less than a blessing for the local video message on the occasion healthcare’s amidst hensive plan was being made to resolve ing special focus on development of this people. He said that the disposal station of Defence and Martyrs Day, year-long lockdown. sewerage issue of the city as a mega proj- deprived area. He said that new ADP played a vital role in drainage of rain the Information Minister said, The AJK President ect has been started for replacement of would be printed in next budget for 13 water during recent monsoon spell. He today, we also renew pledge that said affiliation of old sewerage lines with funds of Rs 2.25 districts of South Punjab having popu- informed that the disposal station has Pakistan stands firmly with their medical colleges billions. Addressing the inaugural cer- lation of over 40 millions. FM Qureshi been constructed at 64 canal land and Kashmiri brothers and sisters and with University of emony of newly constructed Shah Shams maintained that government has started having capacity of 185 cusec water. For- will always stand with them. He H e a l t h S c i e n c e s Disposal Station at constituency NA-156 practical work to provide maximum re- eign Minister Shah Mahmood Qureshi said Prime Minister Imran Khan would help AJK here on Sunday, Makhdoom Shah Mah- lief to masses as per manifesto of the says Pakistan will keep raising its voice will continue advocacy of innocent improve quality of mood Qureshis said that the project has party. He said that establishment of at every forum and in every capital for Kashmiri people at every forum. medical education been completed with funds of Rs 520 civil secretariat would be the next phase Kashmiri’s right to self-determination. He said Pakistan will continue to being imparted to million. He said that the sewerage issue while temporary offices of secretar- In a tweet, he warned India to make no extend vigorous political, moral the students in the had been neglected in the past but the ies were being set up at Circuit house mistake as Kashmir is a global issue. The and diplomatic support of the state. VoM incumbent government has started work initially. He added that a case has been Foreign Minister said the fascist Indian Kashmiri people. VoM to resolve this most important issue as moved to get land for permanent sec- government is murdering and blinding top priority. He said that Japan Interna- retariat near new Judicial Complex. He innocent Kashmiris and systematically tional Cooperation Agency (JICA) was stated that 16 departments were being trying to change the demography of In- extending special grant to Water and shifted in sub-Secretariat and secretar- dian Illegally Occupied Jammu and Kash- Sanitation Agency (WASA) Multan for ies of these departments would continue mir. He reiterated Pakistan’s resolve to purchasing new machinery with funds facilitating masses through Multan and ensure a free Kashmir will continue to of Rs 2.79 billion. He said that new ma- Bahawalpur offices. The foreign minister be strengthened despite the Indian gov- chinery would help further to improve said that efforts were being made to start ernment’s repeated attempts to have the performance of WASA to resolve sew- a mega project for treatment of sewer- illegal occupation of Jammu and Kashmir erage issues. The foreign minister said age water adding that the new project removed from UN Security Council agen- that establishment of sub-secretariat of would resolve sewerage issues of the da. Shah Mahmood Qureshi said Indian South Punjab would bring ease in lives of city for more than 30 years. Managing repeated attempts met consistently with local people. He said that the south pun- Director WASA Nasir Iqbal briefed for- failure and rejection. VoM jab had been neglected by previous gov- Federal government to bear 62% funds of Karachi EU lauds Pakistan for Chinese brands make up bigger presence its success in containing Transformation Plan: Asad Umar COVID-19 pandemic in global wearables market KARACHI leadership to work jointly with the federal government Bureau Report of Huawei logged the highest year-on- Federal Minister for Planning, Development and Spe- for the betterment of Karachi. To a question, the Feder- ISLAMABAD?BRUSSELS BEIJING year growth among other brands, surg- cial Initiatives Asad Umar on Sunday said that the fed- al Minister replied that under the transformation plan, European Union has applauded eral government will bear 62% of the total amount of Pakistan for its success in con- The global wearables market saw Chi- ing 58 percent to 10.9 million, while Rs. 1,100 billion announced by Prime Minister Imran nese brands increase their presence in that of Xiaomi expanded 13.5 percent to whereas the provincial government had taken respon- taining the COVID-19 pandemic the second quarter (Q2) of the year as 10.1 million. Wearable products mainly Khan for Karachi Transformation Plan (KTP) while the insibility first phase,to rehabilitate rain drains the would displaced be completely people from cleaned, the and managing the unprecedented remaining 38% to be spent by the provincial govern- shipments of Chinese-made wearable include earwear, wristbands and smart- illegal encroachments. About the completion of public challenge very well. In an inter- devices posted rapid growth, an indus- watches. Earwear accounted for 60 per- ment. Addressing a joint news conference with Federal transport projects, Asad Umar said that the Green Line view with APP in Islamabad, the Minister for Maritime Affairs Ali Haider Zaidi and Fed- cent of the total wearables market. The Bus Rapid Transport System would complete in 2021 EU Ambassador to Pakistan An- IDC, founded in 1964, is a global provider eral Minister for Information Technology and Telecom- and the Karachi Circular Railway would complete in droulla Kaminara said the data munication Syed Amin-Ul-Haque at the Sindh Gover- trialthe globalreport wearableshowed. U.S. devices tech firmmarket Apple, in of market intelligence, advisory services 2023. Addressing the news conference, Federal Minis- from World Health Organization Q2, according to a report from the global and events in information technology, nor House, the federal minister said that Sindh Chief ter for Maritime Affairs Ali Haider Zaidi said that the over the past few months, sug- Chinese tech firm Huawei and Xiaomi led Minister Syed Murad Ali Shah in a meeting had agreed telecommunications and consumer tech- historic transformation plan announced by the Prime gests that COVID-19 cases and Corporation (IDC). Wearables shipments nology markets. upon not to reveal the share of both the governments. Minister for Karachi is a good news for Karachiites deaths are on a steep decline in However, he said that unfortunately, a video clip of PPP and both the federal and provincial governments have Pakistan. She said it is heartening market research firm International Data Chairperson was making rounds over social media in agreed to prosecute the plan jointly. VoM that Pakistan government’s mea- which PPP Chairperson was claiming the major share sures such as smart lockdowns as of the Sindh Government in the KTP. Asad Umar said well as testing and tracing have the stakeholders also should keep all the political dif- helped slow down the spread of ferences aside and work jointly for the success of the virus considerably. The EU en- historic transformation plan of the city. The progress voy also appreciated the gov- of Pakistan is linked with progress and development ernment’s positive initiatives to of Karachi, which is an economic hub of the country, stimulate the economy during he said. The federal minister highlighted that major the difficult time and also to help hurdle in the development of the city is non availability those segments of population, of total authority. Asad Umar expressed the hope that which have been particularly af- Sindh Chief Minister would be allowed by his party fected by the pandemic. VoM Climate activists gathered at Trient glacier mourn Switzerland’s receding ice Global Market Global stocks falter as tech stays weak, dollar dips after three-day run Bureau Report “I have always said that I am failure by Moscow to help to Bureau Report Wall Street, stocks remained lost 1.13% to close down TRIENT not fond of the Nord Stream clear up the circumstances of SINGAPORE/JEDDAH/LONDON/MOSCOW under pressure for a second 2.03% on the week. MSCI’s Chancellor Angela Merkel on 2 project,” Kramp-Karren- Navalny’s illness would add to A gauge of global stocks fell consecutive session, as tech- gauge of stocks across the Sunday faced growing pres- bauer said. “To me it was al- suspicions that Russia’s gov- for a second straight day nology shares again played globe shed 0.95% to end the sure to reconsider Germany’s ways clear that the security ernment was involved. “I cer- on Friday and marked its an outsized role. The tech week and give the index its Nord Stream 2 pipeline proj- interests of Eastern Europe- tainly hope that the Russians biggest weekly percentage sector dropped 1.34% and biggest weekly percentage ect with Russia following an states and Ukraine must will not force us to change our drop in nearly three months, suffered its biggest two- drop since mid-June. The U.S. the suspected poisoning of be taken into consideration.” position on Nord Stream 2,” while the dollar ran out of day percentage drop in al- dollar gave back initial gains Kremlin critic Alexei Navalny. Pressed on whether Germa- he told the Bild am Sonntag steam, ending a three-day most six months. The Dow following the jobs report Defence Minister Annegret ny was ready to sanction the newspaper. The affair has led run higher, after a U.S. pay- Jones Industrial Average and turned lower late in the Kramp-Karrenbauer said the project, Kramp-Karranbauer to calls from several leading rolls report painted a weak- fell 159.42 points, or 0.56%, session to snap a three-day question of sanctions on the said: “What happens now de- conservatives for Merkel to er economic picture. U.S. job to 28,133.31, the S&P 500 run of gains off of two-year pipeline, which will bring gas pends on the behavior of the suspend the pipeline, a huge, growth slowed in August as lost 28.13 points, or 0.81%, lows. The euro edged lower from Russia to Germany, rest- Russian side.” Foreign Minis- nearly complete project to financial aid from the gov- to 3,426.93, and the Nas- to continue its decline after ed on Moscow’s cooperation ter Maas of the Social Demo- bring Russian gas to Germany ernment was depleted, with daq Composite dropped breaching the $1.20 mark on in clearing up what exactly cratic Party (SPD), junior under the sea. Merkel, a sup- nonfarm payrolls increas- 144.97 points, or 1.27%, to Tuesday. The dollar index happened to Navalny. For- partners in Merkel’s coalition porter of the pipeline, has ing by 1.371 million jobs 11,313.13. U.S. markets are fell 0.047%, with the euro eign Minister Heiko Maas said government, said in remarks said it should not be linked to versus 1.734 million in the closed on Monday for the down 0.08% to $1.1839. U.S. suspicion would fall on Rus- published on Sunday that a the Navalny case. prior month. Expectations Labor Day holiday. The pan- Treasury yields climbed on sia if it failed to help resolve were for the addition of 1.4 European STOXX 600 index the heels of the jobs report. the matter. Navalny was air- million jobs. The unemploy- Benchmark 10-year notes lifted to Germany for hospital ment rate fell to 8.4% from last fell 29/32 in price to treatment after falling ill on 10.2%. “It points in the right yield 0.7148%, from 0.622% a Russian domestic flight last direction, but still leaves late on Thursday. Oil prices month. The German govern- some question marks as continued to weaken on de- ment says he was poisoned 8.4% of unemployment is mand concerns and were with a Novichok nerve agent still a high rate,” said Peter on track for their worst similar to the one used in an Cardillo, chief market econ- week since mid-June. U.S. attempt to kill a former Rus- omist at Spartan Capital Se- crude settled down 3.87% at sian spy in England two years curities in New York. “They $39.77 per barrel and Brent ago. Moscow says it has seen certainly point to recovery, was at $42.66, down 3.2%, no evidence he was poisoned. but yet a weak recovery.” On on the day.

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