Hafiz Saeed’s JuD to contest 2018 Pakistan general election

Agencies
December 3, 2017

Lahore, Dec 3: Mumbai terror attacks mastermind Hafiz Saeed has confirmed that his banned outfit Jammat-ud-Dawah will foray into Pakistan’s political scene by contesting the 2018 general elections under the banner of Milli Muslim League, which is yet to be registered with the country’s election commission.

Saeed, who was under house arrest since January this year, walked free on November 24 after the Pakistan government decided against detaining him further in any other case.

“The Milli Muslim League (MML) is planning to contest next year’s general elections. I also dedicate 2018 for Kashmiris who are struggling for freedom,” Saeed said while meeting a group of columnists at the Jamaat-ud-Dawah (JuD) headquarters in Chauburji.

The JuD, a front for the Lashkar-e-Taiba militant group that carried out the 2008 Mumbai attacks that killed 166 and injured over 200 people, formed MML at the time when Saeed was detained in Lahore.

The founder of Lashkar-e-Taiba also vowed to continue supporting Kashmiris.

“I want to tell India that I will continue to support Kashmiris no matter what kind of difficulties are there. India wants us to stop raising voice for the Kashmiris. It is building pressure on the Pakistani government. I want to tell Pakistan that back channel diplomacy only caused harm to the Kashmir cause,” he alleged.

Saeed, who is accused of having masterminded the November 2008 Mumbai attack that killed 166 people, was placed on the terrorism black list by the United Nations under UN Security Council Resolution 1267 in December 2008.

The US, too, has designated him as a global terrorist and has announced a reward of $10 million for information leading to his arrest and conviction.

Saeed also claimed that his detention in Pakistan and Hurriyat leaders in India was part of an international agenda.

“This had been done to harm the Kashmir cause. India is angry over my release from the house detention. I warn India if it does not stop atrocities against Kashmiris then this struggle will rise further and it will face the music,” he alleged.

Last September when Saeed was under house arrest in Lahore, the JuD entered in the political arena and contested the by-poll from Lahore’s NA-120.

The National Assembly seat had fallen vacant after the disqualification of former prime minister Nawaz Sharif by the Supreme Court in the Panama Papers case. His wife Kulsoom Nawaz had won that seat.

Sheikh Yaqoob, a JuD-backed candidate who secured 6,000 votes, had announced that the JuD which has the blessing of Saeed would contest the 2018 elections.

Yaqoob was placed on a US Treasury sanctions list of those designated as leaders of terrorist organisations in 2012.

Saeed and his four aides – Abdullah Ubaid, Malik Zafar Iqbal, Abdul Rehman Abid and Qazi Kashif Hussain – were placed under house arrest in Lahore on January 30 under anti- terrorism act.

The JuD has been declared as a foreign terrorist organisation by the US in June 2014.

India had expressed outrage over the judicial board’s decision to release Saeed, calling it an attempt by Pakistan to mainstream proscribed terrorists and a reflection of its continuing support to non-state actors.

Saeed has now filed the petition to de-list him from the UN list of designated terrorists.

He was put under house arrest after the Mumbai attack, but he was freed by a court in 2009.

Nine of the Mumbai attackers were killed by police while lone survivor Ajmal Kasab was caught and executed after a trial.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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News Network
February 18,2020

New Delhi, Feb 18: India emerged as the world's fifth-largest economy by overtaking the UK and France in 2019, says a report.

A US-based think tank World Population Review in its report said that India is developing into an open-market economy from its previous autarkic policies.

"India's economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot," it said.

The size of the UK economy is $2.83 trillion and that of France is $2.71 trillion.

The report further said that in purchasing power parity (PPP) terms, India's GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. Due to India's high population, India's GDP per capita is $2,170 (for comparison, the US is $62,794).

India's real GDP growth, however, it said is expected to weaken for the third straight year from 7.5 per cent to 5 per cent.

The report observed that India's economic liberalisation began in the early 1990s and included industrial deregulation, reduced control on foreign trade and investment, and privatisation of state-owned enterprises.

"These measures have helped India accelerate economic growth," it said.

India's service sector is the fast-growing sector in the world accounting for 60 per cent of the economy and 28 per of employment, the report said, adding that manufacturing and agriculture are two other significant sectors of the economy.

The US-based World Population Review is an independent organisation without any political affiliations.

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News Network
June 15,2020

New Delhi, Jun 15: Two officials working with the Indian High Commission in Islamabad have reportedly gone missing, sources said.

The two officials are untraceable for the last few hours.

Recently news agency reported on how Pakistan 's spy agency ISI has been tailing and harassing Indian officials and also increased their presence at the residence of Acting High Commissioner Gaurav Ahluwalia.

This incident came in the backdrop when two Pakistani officials were caught red-handed and sent back trying to collect classified information and spying in Delhi.

South block is watching the developments closely, the Indian mission has also launched a complaint with local authorities and taken up the matter Pakistan Foreign Ministry.

This incident can cause a further dip in the already tense India-Pakistan relations.

Earlier in the month, India deported two Pakistani officials for espionage activities in India.

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