Days after Imran Khan's Visit, US Approves Sales to Support Pak F-16 Jets

July 27, 2019

Washington, Jul 27: Days after the meeting between US President Donald Trump and Pakistani Prime Minister Imran Khan, the Pentagon notified the US Congress on Friday of its decision to approve military sales worth USD 125 million that would result in 24x7 end-use monitoring of the F-16 fighter jets of Pakistan.

US officials asserted that the freeze in security assistance to Pakistan on Donald Trump's direction since January 2018 is still in place and the latest decision would help it in 24x7 end-use monitoring of the F-16 fighter jets in that country as this would require the assignment of 60 contractor representatives there to assist in the oversight of the F-16 programme.

"There has been no change to the security assistance suspension announced by the president in January 2018. As the president reiterated this week, we could consider the restoration of certain security assistance programmes consistent with the broader tenor of our relationship," a state department spokesperson told news agency Press Trust of India.

He referred to the notification sent in this regard by the Pentagon to the US Congress on Friday.

"This proposed sale will support the foreign policy and national security of the United States by protecting American technology through the continued presence of US personnel that provide 24x7 end-use monitoring," he said.

"The State Department has made a determination approving a possible Foreign Military Sale to Pakistan for Technical Security Team (TST) in continued support of the F-16 program for an estimated cost of USD 125 million," the Defense Security Cooperation Agency said in a statement.

The Pentagon delivered the required certification notifying the US Congress of this possible sale on Friday.

According to the statement, Pakistan had requested a continuation of technical support services - US government and contractor technical and logistics support services - and other related elements of logistics support to assist in the oversight of operations in support of the Pakistan Peace Drive advanced F-16 programme.

Pakistan has used the F-16 fighter jets against India, the latest being in the aftermath of the Balakot airstrike inside Pakistan by India.

In its notification, the Pentagon asserted that the proposed sale of this support will not alter the basic military balance in the region.

"Implementation of this proposed sale will require the assignment of 60 contractor representatives to Pakistan to assist in the oversight of operations as part of the Peace Drive F-16 program," the statement said.

According to F-16.Net, the aircraft order by Pakistan was designated as "Peace Drive I", continuing with a long tradition of naming the F-16 international sales programmes with the word "Peace".

The programme raised the total number of F-16s ordered by Pakistan to 54. The Pakistan Air Force received its first F-16, in the block 15 F-16A/B configuration, in 1982. The country has been operating the Lockheed Martin aircraft since 1963, when it received C-130B airlifters.

The "Peace Drive I" order was for 12 F-16Cs and six F-16Ds, all powered by the Pratt & Whitney F100-PW-229 engine.

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Agencies
March 8,2020

Panic gripped big tech firms like Facebook and Twitter which decided to close their offices from Seattle to London as more employees tested positive for the new coronavirus.

Facebook shut its three London offices till Monday after an employee was diagnosed with COVID-19.

The social networking giant told nearly 3,000 employees in London to work from home after an employee, who is based in Singapore but visited the London offices between February 24-26, was diagnosed with the new coronavirus, Sky News reported on Friday.

"An employee based in our Singapore office who has been diagnosed with COVID-19 visited our London offices on February 24-26.

"We are therefore closing our London offices until Monday for deep cleaning and employees are working from home until then," the company said in a statement.

There have been 163 cases of coronavirus so far in the UK.

Earlier, Facebook recommended all its Bay Area employees in the US to work from home. The latest precautions come after San Francisco announced its first two coronavirus cases on Thursday.

Facebook has also shut its Seattle office until Monday after one of its contractors was confirmed to be infected with the virus. The infected contractor last visited the Facebook office on February 21. King County health officials said all Facebook sites should work from home until March 31.

Twitter shut its Seattle office for a 'deep clean' after an employee developed COVID-19 like symptoms though final result was still awaited.

"A Seattle-based employee has been advised by doctor about likely COVID-19, though still awaiting the final testing," Twitter said in a tweet on Friday.

"While the employee has not been at a Twitter office for several weeks and hasn't been in contact w/others, we're closing our Seattle office to deep clean," the company added.

According to The Seattle Times, at least 14 people have died due to COVID-19 in Washington State till date.

Amazon, Microsoft, Google and Facebook have advised their employees in Washington State to work from home.

Apple has reportedly suggested its employees at California campuses to work from home as an "extra precaution" while new coronavirus cases spread on the west coast in the US, especially Seattle area.

Apple's flagship developers' conference WWDC 2020 in June is also at the risk of getting cancelled as the Santa Clara public health department has warned against large public gatherings. The event draws nearly 5,000 developers from across the world.

The US death toll from the new coronavirus has climbed to 14, according to Johns Hopkins' tracker, with 329 cases reported across the country.

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Agencies
May 17,2020

New Delhi, May 17: Eight of the 10 most valued domestic firms suffered a combined erosion of Rs 1,37,311.31 crore in market valuation last week, with Reliance Industries (RIL) taking the biggest knock.

Only Bharti Airtel and ITC from the top-10 list managed to close the week with gains.

RIL's market cap plunged Rs 65,232.46 crore to Rs 9,24,855.56 crore.

The market valuation of HDFC Bank declined Rs 22,347.07 crore to Rs 4,87,083.88 crore and that of Hindustan Unilever Limited tanked Rs 13,192.26 crore to Rs 4,77,458.89 crore.

ICICI Bank's market cap dropped Rs 9,770.06 crore to Rs 2,08,900.79 crore.

Infosys witnessed a decline of Rs 9,518.84 crore in valuation to reach Rs 2,77,814.09 crore while that of HDFC tumbled Rs 9,370.38 crore to Rs 2,83,293.70 crore.

The m-cap of Kotak Mahindra Bank slipped by Rs 7,805.2 crore to Rs 2,25,327.22 crore.

Tata Consultancy Services' market valuation dipped Rs 75.04 crore to Rs 7,10,439 crore.

In contrast, Bharti Airtel added Rs 13,147.89 crore to its valuation to stand at Rs 3,02,292.43 crore.

ITC's valuation also rose by Rs 7,744.11 crore to Rs 2,02,330.13 crore.

In the ranking of top-10 firms, RIL retained the number one spot, followed by TCS, HDFC Bank, HUL, Airtel, HDFC, Infosys, Kotak Mahindra Bank, ICICI Bank and ITC.

During the last week, the Sensex declined 544.97 points or 1.72 per cent.

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News Network
June 29,2020

New Delhi, Jun 29: India recorded 19,459 new coronavirus cases and 380 deaths in the last 24 hours.

According to the Ministry of Health and Family Welfare on Monday, the total coronavirus cases in the country stands at 5,48,318 including 2,10,120 active cases, 3,21,723 cured/discharged/migrated and 16,475 deaths.

Maharashtra's COVID-19 count touched 1,64,626 and cases in Delhi have reached 83,077.

The total number of samples tested up to 28 June is 83,98,362 of which 1,70,560 samples were tested yesterday, as per the data provided by the Indian Council of Medical Research (ICMR). 

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