As Pakistan elects new PM, crowds root for Imran Khan

Agencies
July 31, 2017

Islamabad, Jul 31: Pakistan’s parliament will meet Tuesday to elect a new prime minister after the disqualification of three-term prime minister Nawaz Sharif, as thousands gathered in the capital Islamabad Sunday to voice support for opposition leader Imran Khan.

Sharif’s Pakistan Muslim League party, which enjoys a comfortable majority in parliament, nominated Sharif’s longtime loyalist Shahid Khaqan Abbasi for the top slot on Saturday. Sharif proposed Abbasi as interim prime minister until his brother Shahbaz Sharif, who is the chief minister of Punjab province, can contend in a by-election for the seat left vacant by his brother’s disqualification.

The opposition is expected to name a candidate to challenge Abassi in a vote in parliament, but the six-time lawmaker is expected to win.

Sharif’s party holds 188 of 342 seats in parliament’s lower house and with additional votes from its allies is expected to obtain 214 votes. To win the top slot, Abbasi needs only 172 votes.

Pakistan’s Supreme Court disqualified Sharif from office on Friday for not being honest and concealing assets. The probe against him began after his children were named in the leaked so-called Panama papers for owning off-shore accounts and properties.

Sharif’s party has resolved to file a review petition in the Supreme Court to reverse the disqualification.

The probe was triggered by petitions filed by the conservative Jamaat-e-Islami party and cricket player-turned-politician Imran Khan.

Celebrating the Supreme Court verdict of ousting Sharif from premiership, Khan said Sunday in Islamabad that the court verdict has given the nation hope and “laid the foundation for a new Pakistan”.

Thousands of Khan’s jubilant supporters, chanting slogans and dancing to drum beats at a vast arena, raised placards reading ‘Prime Minister Imran Khan’.

Addressing the crowd, Khan said: “This nation is awakening now and determined to make Pakistan a great country free of corruption.”

Sharif has had a history of rocky relations with Pakistan’s powerful military and he has been removed from office three times.

He was first elected as prime minister in 1990 and was hardly half way through his five-year tenure when he was removed from office by the army’s hand-picked president in 1993. Sharif made a comeback in the 1997 elections but again his government was toppled by then-army chief Gen. Pervez Musharraf in a bloodless coup in October 1999. Sharif was tried for alleged hijacking, convicted and given a life prison sentence but later was exiled to Saudi Arabia. He returned to the country in 2007 after Benazir Bhutto struck a deal with Musharraf and returned from exile. She was assassinated in December 2007 after an election rally in Rawalpindi.

In seven decades, no civilian government has ever completed its term in Pakistan. The country has been ruled by military generals for more than half of its 70-year history and the military unwilling to see its influence challenged.

 

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News Network
May 3,2020

London, May 3: The British government had a contingency plan for prime minister Boris Johnson’s death as his condition deteriorated while he battled COVID-19 last month in intensive care, Johnson said in an interview with The Sun newspaper.

Johnson returned to work on Monday, a month after testing positive for COVID-19. Johnson, 55, spent 10 days in isolation in Downing Street from late March, but was then was taken to London’s St Thomas’ Hospital where he received oxygen treatment and spent three nights in intensive care.

“They had a strategy to deal with a ‘death of Stalin’-type scenario,” Johnson, 55, was quoted as saying by The Sun. “It was a tough old moment, I won’t deny it.”

After Johnson was discharged, St Thomas’ said it was glad to have cared for the prime minister, but the hospital has given no details about the gravity of his illness beyond stating that he was treated in intensive care.

Johnson and his fiancée, Carrie Symonds, on Saturday announced the name of their newly born son as Wilfred Lawrie Nicholas, partly as a tribute to two of the intensive care doctors who they said had saved Johnson’s life.

“The doctors had all sorts of arrangements for what to do if things went badly wrong,” Johnson said of his COVID-19 battle. “The bloody indicators kept going in the wrong direction.”

He said doctors discussed invasive ventilation.

“The bad moment came when it was 50-50 whether they were going to have to put a tube down my windpipe,” he said. “That was when it got a bit . . . they were starting to think about how to handle it presentationally.”

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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News Network
January 3,2020

New Delhi, Jan 3: US aviation regulator Federal Aviation Administration on Thursday warned America's airlines and their pilots that there is risk involved in operating flights in Pakistan airspace due to "extremist or militant activity", according to an official document.

"Exercise caution during flight operations. There is a risk to US civil aviation operating in the territory and airspace of Pakistan due to extremist/militant activity," said the US Federal Aviation Administration (FAA) in a notice to airmen (NOTAM) dated December 30, 2019.

The NOTAM is applicable to all US-based airlines and US-based pilots.

The US regulator said in its NOTAM that there continues to be a risk to US civil aviation sector from attacks against airports and aircraft in Pakistan, particularly for aircraft on the ground and aircraft operating at low altitudes, including during the arrival and departure phases of flights.

"The ongoing presence of extremist/militant elements operating in Pakistan poses a continued risk to US civil aviation from small-arms fire, complex attacks against airports, indirect weapons fire, and anti-aircraft fire, any of which could occur with little or no warning," it said.

The FAA said that while, to date, there have been no reports of man-portable air defense systems or Manpads being used against the civil aviation sector in Pakistan, some extremist or terrorist groups operating there are suspected of having access to these Manpads.

"As a result, there is potential risk for extremists/militants to target civil aviation in Pakistan with Manpads," it said.

The regulator added that pilots or airlines must report safety or security incidents - which may happen in Pakistan - to the FAA.

Pakistan on July 16 last year opened its airspace for India after about five months of restrictions imposed in the wake of a standoff with New Delhi.

Following the Balakot airstrikes by the Indian Air Force, Pakistan had closed its airspace on February 26 last year.

Pakistan in October last year had denied India's request to allow Prime Minister Narendra Modi's VVIP flight to use its airspace for his visit to Saudi Arabia over the Jammu and Kashmir issue.

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