Violence claims ten
lives in Karachi
KARACHI: Ten people, including two women, were killed in different
incidents of violence in Karachi, DawnNews reported on Wednesday.A person died of gunshot wounds by unknown persons in New Karachi area of the city.
In another incident, two office bearers of a political party were wounded in a firing incident in Orangi Town’s MPR colony in Karachi. Both persons were shifted to hospital where they succumbed to their wounds during treatment.
Police claimed to have arrested six suspects from the area after the incident adding that weapons and narcotics were recovered from the arrested suspects. Police sources further said that the incident seemed to be the result of a monetary dispute.
A woman was killed by firing in Baldia Town area of Karachi.
Moreover, a 60-year-old man was shot to death in Karachi’s Orangi Town area near Nishan-e-Haider chowk.
The body of a woman was found near the Korangi Crossing creek in Karachi.
A political activist was shot dead in Martin Quarters area of Karachi. The situation in the area turned tense after the killing and some unknown armed men set a bus on fire.
Rangers entered the area after the incident and an exchange of fire took place between the armed men and the Rangers personnel. Additional Rangers personnel later reached the spot and conducted a targeted operation in the area, arresting 20 suspects.
Sources said that six AK-47 rifles and 14 pistols were recovered from the suspects during the operation.
Enraged residents took out a protest against the arrest of suspects, claiming that the arrested suspects were innocent and demanded their release. Muttahida Qaumi Movement’s (MQM) chief Altaf Hussain condemned the worker’s killings.
Moreover, two political workers who were wounded on 14th and 26th August respectively succumbed to their wounds on Tuesday.
Three suspected bandits were killed in an alleged police encounter in Karachi’s Malir area.
According to police sources, the suspects were busy looting citizens in Malir area of Karachi when a police party reached the spot. An encounter ensued during which all three suspects were killed.
Police claimed to have recovered two AK-47 rifles and a repeater shotgun from the suspects.
In a similar incident, police in Karachi’s Mubina Town claimed to have arrested two suspects after an exchange of gunfire.
According to police sources, the suspects were busy fleeing after looting some citizens in Mubina Town area of the city adding that a motorcycle used in the crimes, two pistols and stolen mobile phone were recovered from the suspects, the sources added.
The CID police claimed to have arrested an extortionist linked to the outlawed Tehrik-e-Taliban Pakistan.
According to police sources during the initial investigations the suspected confessed to his involvement wth the banned TTP and claimed to provide the organization with funding through the criminal activities.
The suspect also disclosed that one of his brothers had been killed in Waziristan some time ago, and that two of his brothers were already in the custody of the CID.
A case was registered against the suspect as investigations went underway.
Authorities were conducting raids for arrest the suspected accomplices.
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Business News:
US discusses duty-free
entry for Pakistani exports
KARACHI, Aug 28: The United States, with support from the Trade
Development Authority of Pakistan and the Centre for International Private
Enterprise organized a conference on Tuesday to promote exports and
diversification of Pakistani goods to the US, especially under the US
Generalized System of Preferences (GSP) programme and further deepen bilateral
engagements. ”US markets are open,” said Consul General Michael Dodman, who arrived in Karachi last month, adding that the purpose of the event was to provide concrete information, discuss trade access and marketing and branding strategies to help boost Pakistani exports to the US.
“Pakistan enjoys a significant trade surplus with the US and its exports have amounted to about $3 billion over the previous few years, with about 90 per cent in textile and apparel, which presents an opportunity to diversify Pakistani exports to the US,” said Dodman.
The US GSP is a programme designed to promote economic growth in the developing world by providing duty free access to the US markets for goods imported from designated beneficiary developing countries.
According to Dodman, around 3,511 different products from Pakistan are eligible to enter the United States duty-free under the GSP program and out of the $18.5 billion worth of goods which were imported by US businesses under this programme in 2011, Pakistani products accounted for only $131 million.
One of the main problems is lack of awareness about the GSP programme, and Tuesday’s event was meant to serve as Pakistani exporters to understand and utilize the potential of the programme.
Many of Pakistan’s items are eligible for GSP duty-free including most manufactured items, inputs used in manufacturing, jewelry, carpets, certain agricultural products, many types of chemicals, minerals and marble. However the products not eligible for GSP duty-free access are most textiles and apparel, watches and most footwear, handbags, luggage, and leather products.
Trade policy should
benefit people of Pakistan: PM
ISLAMABAD: Prime Minister Raja Pervez Ashraf Tuesday said that trade
policy should be tailored to benefit the people of Pakistan and termed
Strategic Trade Policy Framework (STPF) 2012-15, prepared by the Ministry of
Commerce, the need of the hour.The prime minister stated this while chairing a meeting at the Ministry of Commerce, to review the STPF 2012-15. The visit to the Ministry of Commerce was first among a series of visits planned by the Raja Pervez Ashraf to review working and performance of various ministries.
The prime minister expressed concern over the trend in the past few years where the market share of Pakistan had shrunk.
He said the lengthy and complicated procedures involved in operating business in Pakistan might be one of the reasons and directed the Ministry of Commerce to analyze the reasons behind this decline and put up suitable recommendations for inclusion in STPF for correction in this trend.
“If we are to compete in the world we have to augment our system efficiencies,” the prime minister stressed.
Raja Pervez Ashraf appreciated the STPF document prepared by Ministry of Commerce and said that to keep pace with ever increasing inter-dependence of world economies and flow of goods and services across borders, periodical review and realignment of trade policy is imperative.
The prime minister urged that trade policy should not only address big businesses but also cater for small businesses which would create more employment opportunities. He directed the minister for commerce to identify niches which would give Pakistan a comparative advantage.
He said that the people of Pakistan are creative, capable and endowed with entrepreneurial skills, if appropriate facilities are provided to them they can do wonders.
The meeting was attended by Makhdoom Amin Fahim Minister for Commerce, Dr. Abdul Hafeez Shaikh Minister for Finance, Dr. Nadeemul Haq Deputy Chairman Planning Commission, Abbas Khan Afridi Minister of State for Commerce, Saleem H Mandviwala Chairman BOI, Yaseen Anwer, Governor State Bank, Ali Arshad Hakeem Chairman FBR and other senior officials of the relevant ministries.
EXCHANGE FOR CURRENCY NOTES:
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BULLION RATES IN
RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct) Rs 50,400.00
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