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
June 4,2020

Beijing, Jun 4: Around 40 students and staff members of a primary school in China were stabbed by a security guard, official media reported today.

The incident happened at a school in China's Guangxi province, state-run China Daily said in a brief report.

Further details about the attack are awaited.

Knife attacks by disgruntled people have been taking place in different parts of China in the past few years, reported news agency Press Trust of India.

The attackers targeted mainly kindergarten and primary schools besides public transport, the news agency reported.

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News Network
June 9,2020

Washington, Jun 9: The defacement of Mahatma Gandhi's statue by unknown miscreants was a "disgrace", US President Donald Trump has said, days after it was vandalised with graffiti and spray painting during the nationwide protests against the custodial killing of African-American George Floyd.

The statue, which is across the road from the Indian Embassy, was vandalised on the intervening night of June 2 and 3, prompting the Indian embassy to register a complaint with the local law enforcement agencies.

The incident happened during the week of nationwide protests against the custodial killing of Floyd in Minneapolis on May 25.

"It was a disgrace," Trump made the brief comment at the White House on Monday when asked about the incident.

The Indian Embassy here has taken up the matter with the US Department of State for early investigation into the matter, as also with the Metropolitan Police and National Park Service.

It is working with the US Department of State, Metropolitan Police and National Park Service for expeditious restoration of the statue at the park.

The US president and First Lady Melania Trump, during their visit to India in February, had spent considerable time at the Gandhi Ashram in Ahmedabad. Prime Minister Narendra Modi had personally given them a tour of the historic place.

"The First Lady and I have just had a pleasure of visiting Mahatma Gandhi's Ashram, a few miles from here, where he launched the famous Salt March," Trump had said during his address at the Namaste Trump rally at the Motera Stadium in Ahmedabad on February 24. A day later, Trump and the first lady also laid a wreath at Raj Ghat in New Delhi.

Pictures of Trump and the first lady with Gandhi's spinning wheel during their visit to the Sabarmati Ashram in Ahmedabad are seen hanging on the walls of the White House.

Last week, top US lawmakers and the Trump Campaign condemned the vandalisation of the statue.

"Very disappointing," tweeted Kimberly Guilfoyle, advisor to Donald J Trump for President Inc. and National Chair of the Trump Victory Finance Committees.

North Carolina Senator Tom Tillis said, "It's disgraceful to see the defacing of the Gandhi statue" in Washington DC.

"Gandhi was a pioneer of peaceful protesting, demonstrating the great change it can bring. Rioting, looting and vandalising do not bring us together, he said.

Senator Marco Rubio said, "more evidence that violent radicals and run of the mill crazies have hijacked legitimate protests to create anarchy or for their own purposes."

Protests against the custodial killing of Floyd turned violent in the US and prestigious monuments were damaged. In Washington DC, protestors burnt a historic church and damaged monuments like the Lincoln Memorial.

US Ambassador to India Ken Juster apologised for the incident.

"So sorry to see the desecration of the Gandhi statue in Wash, DC. Please accept our sincere apologies," he said.

"Appalled as well by the horrific death of George Floyd and the awful violence and vandalism. We stand against prejudice & discrimination of any type. We will recover and be better," he said in a tweet last week.

One of the few statues of a foreign leader on a federal land in Washington DC, the statue of Gandhi was dedicated by former prime minister Atal Bihari Vajpayee in the presence of the then US president Bill Clinton on September 16, 2000, during his state visit to the US.

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News Network
June 2,2020

Jun 2: A new female billionaire has emerged from one of Asia's most-expensive breakups.

Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world's richest.

The stock was worth $3.2 billion as of Monday's close.

Yuan, 49 this year, owns the shares directly, but signed an agreement delegating the voting rights to her ex-husband, the filing shows. The Canadian citizen, who resides in Shenzhen, served as a director of Kangtai between May 2011 and August 2018. She's now the vice general manager of subsidiary Beijing Minhai Biotechnology Co. Yuan holds a bachelor's degree in economics from Beijing's University of International Business and Economics.

Kangtai shares have more than doubled in the past year and have continued their ascent since February, when the company announced a plan to develop a vaccine to fight the coronavirus. They slipped for a second day Tuesday following news of the divorce terms, losing 3.1% as of 9:43 a.m. in Hong Kong and bringing the company's market value to $12.9 billion.

Du's net worth has now dropped to about $3.1 billion from $6.5 billion before the split, excluding his pledged shares.

The 56-year-old was born into a farming family in China's Jiangxi province. After studying chemistry in college, he began working in a clinic in 1987 and became a sales manager for a biotech company in 1995, according to the prospectus of Kangtai's 2017 initial public offering. In 2009, Kangtai acquired Minhai, the company Du founded in 2004, and he became the chairman of the combined entity.

China's rapidly growing economy has been an engine for the country's richest, and Du is not the only tycoon who's had to pay a steep price for a divorce. In 2012, Wu Yajun, at one point the nation's richest woman, transferred a stake worth about $2.3 billion to her ex-husband, Cai Kui, who co-founded developer Longfor Group Holdings Ltd. In 2016, tech billionaire Zhou Yahui gave $1.1 billion of shares in his online gaming company, Beijing Kunlun Tech Co., to ex-wife Li Qiong after a civil court settlement.

Sometimes, a goodbye can be time-consuming too. South Korean tycoon Chey Tae-won's wife filed a lawsuit in December asking for a 42.3% stake in SK Holdings Co. valued at $1.2 billion. That would make her the second-largest shareholder of the company should she win the case, which is still ongoing.

The most expensive divorce in history is that of Jeff and MacKenzie Bezos. The Amazon.com Inc. founder gave 4% of the online retailer to Mackenzie, who now has a $48 billion fortune and is the world's fourth-richest woman.

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