Sunday, 15 April 2012

LATEST NEWS UPDATE:16.04.2012


Militant on death row for Musharraf killing bid freed in jail raid: official

ISLAMABAD (Reuters) - One of the nearly 400 prisoners who escaped from a jail in Pakistan on Sunday after it was attacked by militants was on death row for involvement in an assassination attempt on former Pakistani President Pervez Musharraf, a police official said.
"There was an inmate named Adnan Rasheed, who was a dangerous prisoner. He was a mastermind in (one of the attacks) on Musharraf. These people came for him and took another 383 people too," said the official.

Pak-China projects worth $14bn on cards

ISLAMABAD: Pakistan's Ambassador to China Masood Khan Sunday said Pakistan and China would execute 36 projects worth $14 billion during next five years under bilateral Five Year Development Programme for Trade and Economic Cooperation.

Addressing the inauguration ceremony of Pak-China Business Forum, he said the first five year programme has been completed and the second is about to start this year that would be run by a ministerial level Joint Economic Commission and Economic Cooperation Group.

The four-day event was held here by COMSATS Institute of Information Technology in collaboration with Xuzhou Normal University China.

He said the Joint Energy Working Group, established last year, will oversee development and implementation of hydro, thermal, geo-thermal, coal-fired, solar, wind, biomass, and civil nuclear power projects.

The ambassador said the CIIT was the pioneer institution in Pakistan creating an interface between academia, businesses and government to promote Pakistan-China economic relations.

For a better understanding among people from both countries, the ambassador suggested establishment of Pakistan-China centers in all key Pakistani universities.

"Some have already moved in that direction. In China, Pakistan Study Centers are housed in four prestigious universities including Peking, Tsinghua, Sichuan, and Fudan," Masood Khan said.

He said there is a strong aspiration between both the countries for exchange of youth as hundreds of young students and professionals were exchanging visits "but the figure should move into thousands and then into millions."

"Establishment of a Pakistan-China Young Entrepreneurs Forum will be a good initiative in this context," he suggested.

The ambassador said Pakistan's business ties with China would be as robust as strategic partnership.
But, he said the relationship of two countries will continue to flourish with full vigour if we ensure fusion of all the three pillars of our relations - strategic, economic and people to people exchanges.

He said platforms like Pak-China Business Forums prove to be beneficial for the businessmen who seek guidance as how to do business with China and vise-versa.

He said Pakistan provides the best protection for Chinese workers and businesses and the country would not lower its guard.

"In five years time, we will see a different world. Pakistani nation will overcome its current difficulties, realize its full economic potential and emerge as a regional business hub," he hoped.

Khan stressed for collaboration between academia and industry as the universities provide the best nursery to the industrial sector.

He said with the passage of time, the leading entities have developed common platforms to enhance linkage with each other.

"But we should try to look even better. Here comes the role of educational institutes to help exploit maximum possible potential between the two countries," said Pakistan's ambassador to China.

The ambassador said Shanghai Cooperation Organization was fostering connectivity among the East, Central and South Asian neighborhoods and Pakistan, being an observer, hopes to be its member soon.

He said last year, the Industrial and Commercial Bank of China has opened branches in Islamabad and Karachi.

Moreover, in December 2011, the central banks of China and Pakistan have reached an agreement for currency swap to enable traders of Pakistan and China to use Pakistani Rupee and Chinese Renminbi for transactions and settlements.

"Both these steps would stimulate further growth in Pak-China trade ties," Masood Khan added. (APP)



LATEST/BRIEF  NEWS:



·      NRO verdict will be announced today: SC
·      All Kabul attackers killed: official
·      47 dead in Afghan attacks
·      WB to choose new chief; US pick likely
·      Six-legged baby shifted to Karachi
·      IPL: Mumbai to clash with Delhi today
·      UK Labour Party suspends Lord Nazir Ahmed for Obama bounty
·      Gilani contempt case: Supreme Court decision expected today
·      MQM welcomes Seraiki province announcement
·      Titanic tragedy remembered
·      Majid Nizami: a living legend!

Business News

 Mon, 16 Apr 2012

-Brent falls to $120 on China data, Euro zone worries
SINGAPORE: Brent crude futures slipped towards $120 on Monday after weak growth numbers from China, the world s No 
-Asian markets slip on new Europe debt fears
HONG KONG: Asian markets fell Monday as Spain s debt troubles added to already downbeat sentiment caused by weak C 
-Euro falls in Asian trade
TOKYO: The euro fell against other major currencies on stop-loss sales in Asian trade on Monday, while China s dec 
-Pakistan-China projects worth $14bn in pipeline: envoy
ISLAMABAD: Pakistan s Ambassador to China Masood Khan Sunday said Pakistan and China would execute 36 projects wor 
-Gold slips to Rs 49,071
KARACHI: Gold slipped by Rs 300 to Rs 49,071 per10 grams in the local market Saturday as its international priced 
-Punjab: Cotton to be cultivated on 6.2mn acres
LAHORE: In Punjab, 6.2 million acre land will be brought under cotton cultivation this year. A Punjab Agric 
-Pakistan-India trade could jump to $7bn after new trade gate
NEW DELHI: India and Pakistan have agreed to work out a roadmap for allowing a whole spectrum of items for trade t 
-China gives currency more freedom with new reform
BEIJING: China took a milestone step in turning the yuan into a global currency on Saturday by doubling the size o 
-Overseas Workers'' remittances up 21.45% to $9.73bn
ISLAMABAD: Overseas Pakistanis remitted an amount of US $9,735.56 million in the first nine months (July 2011-Marc 
-Obama paid a lower tax rate than his secretary
WASHINGTON: President Barack Obama s secretary paid taxes at a higher rate than he did in 2011 despite having a "s 
-Revenue collection surges 24.1pc to Rs.1266bn in 9 months: FBR
ISLAMABAD: The tax collections during the first nine months of current fiscal year surged by 24.1 percent as the F 
-Islamabad stocks gain 47 points
ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Friday witnessed bullish trend as the index was up by 47.63 p 
-India to accept Pakistan FDI as ties warm
NEW DELHI: India said Friday it would open up to direct foreign investment from Pakistan in a deepening of commerc 
-Pak-India trade: New gate inaugurated at Wagah Border
LAHORE: Giving impetus to people-to-people contact and trade ties with India, Pakistan on Friday opened a modern 
-Bargain hunters buck up Karachi stocks
KARACHI: Karachi stocks ended up on Friday as bargain hunters accumulated shares on cheap prices after the market

MOHAMMED SALEEM MANSOORI

No comments:

Post a Comment