Afghanistan, Pak earthquake: Over 260 dead, 1200 injured

October 27, 2015

Islamabad, Oct 27: A massive earthquake struck remote and impoverished regions of northern Afghanistan and Pakistan on Monday, killing at least 263 people as it shook buildings across South Asia and knocked out power and communications to already-isolated areas.

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The 7.5-magnitude quake was centered deep beneath the Hindu Kush mountains in Afghanistan's sparsely populated Badakhshan province, which borders Pakistan, Tajikistan and China, the US Geological Survey said.

In the Afghan capital of Kabul, buildings shook for up to 45 seconds, walls cracked and cars rolled in the streets as electricity went out. Frightened workers who had just returned from lunch also rushed from swaying buildings in the Pakistani capital of Islamabad and to the south in the Indian capital of New Delhi.

"I was praying when the massive earthquake rattled my home. I came out in a panic," said Munir Anwar of Liaquat Pur in Pakistan's eastern Punjab province.

At least 228 people were killed in Pakistan, with more than 1,000 injured, while Afghan officials reported 33 dead and more than 200 injured, and authorities in the Indian-controlled Kashmir region reported two deaths. Officials expected the casualty toll to rise as they reached the remote areas.

Authorities struggled to reach the hardest-hit areas in Afghanistan near the epicenter, located 73 kilometers (45 miles) south of Fayzabad, the capital of Badakhshan province.

Abdul Humayoon Dehqan, the head of the National Disaster Management Authority's provincial office, said he knew of only 12 dead and 20 injured in the province, mostly in collapsed buildings, and that his teams would not reach affected areas until Tuesday morning to get a better count.

Despite vast mineral deposits, Badakhshan is one of Afghanistan's poorest provinces. It is often hit by earthquakes, but casualty figures are usually low because it is so sparsely populated, with fewer than 1 million people spread across its vast mountains and valleys. It also suffers from floods, snowstorms and mudslides.

Taliban-led insurgents have used its remote valleys as cover recently to seize districts as they spread their footprint across the country. Dehqan said some districts remain under Taliban control "and we don't know how we will be able to help people in those areas."

In Takhar province, west of Badakhshan, 12 students at a girls' school were killed in a stampede as they fled shaking buildings, said Sonatullah Taimor, the spokesman for the provincial governor. Another 42 girls were taken to a hospital in the provincial capital of Taluqan.

Afghanistan's Chief Executive Abdullah Abdullah convened an emergency meeting of disaster officials and urged them to ensure that people were prepared for aftershocks. That could mean many hundreds would be forced to sleep outdoors in nighttime temperatures dropping below freezing. He instructed doctors and hospitals to be prepared to receive casualties.

President Ashraf Ghani sent condolences to those who lost relatives and property and appointed an "assessment committee" to ensure emergency relief reached the needy as soon as possible, his office said.

The US said it has emergency shelters and relief supply kits stored in warehouses throughout Afghanistan that could be used.

White House spokesman Josh earnest says the US government has been in touch with officials in Afghanistan and Pakistan and is ready to provide any additional support.

Pakistan Prime Minister Nawaz Sharif, who was completing a trip to the US, said in a televised comment from London that he planned to fly to the quake-affected region Tuesday. He called the quake a "tragedy," saying most of the casualties and damage were reported in remote areas in the country's northwest.

Pakistan's army chief, Gen. Raheel Sharif, ordered troops to the areas, the military said.

Indian Prime Minister Narendra Modi had contacted Sharif to offer help, Pakistani state-run media said. Pakistani TV said Sharif thanked Modi for the offer but provided no further details.

Pakistan will not issue any appeals to the international community for help as the country has the required resources to carry out the rescue and relief work, said Information Minister Pervez Rashid.

"We have enough resources to handle the situation. Our top priority is to help those affected because of the earthquake," Rashid told a news conference.

Pakistani meteorological department official Zahid Rafiq said the quake was felt across the country. As buildings in Islamabad shook, panicked residents poured into the streets, and many recited verses from the Quran.

Many Pakistanis recall the 7.6-magnitude earthquake of October 8, 2005, that killed more than 80,000 people and left more than 3 million homeless, most in the northwest of the country and in the divided region of Kashmir.

That quake was much shallower than Monday's — 10 kilometers (6 miles) below the surface, compared with 213 kilometers (130 miles) — and thus caused greater damage, said Mohammad Hanif, an official at the Meteorological Department.

In Srinagar, the main city in the India-controlled portion of Kashmir, tremors lasted at least 40 seconds, with buildings swaying and electrical wires swinging wildly, residents said. People ran from buildings shouting, crying and chanting religious hymns to try to keep calm.

"I thought it was the end of the world," shopkeeper Iqbal Bhat said. Kashmir's Chief Secretary BR Sharma said the quake had caused limited damage, though in some areas "many houses and government buildings have developed cracks, and some have also partially collapsed."

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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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News Network
February 9,2020

Beijing, Feb 9: After making sure everyone's face mask is on and sanitizer is to hand, the Qiao family heads out to Jingshan Park, a former royal sanctuary beside the Forbidden City in China's capital Beijing.

Snow has fallen for a second day, a rare event in the city of 21.5 million that would normally bring hundreds of thousands of people out to take photos and play. But the streets are empty and the parks are so quiet the only sound is of birds chirping.

It's not just Beijing. Shanghai, China's financial hub, and other cities in the world's most populous nation have turned into ghost towns after the government extended a holiday and asked residents not to go out because of the coronavirus.

"We know the situation of the coronavirus is severe. But the epicentre is far away, so we think it should be fine here ... It's a God-given chance to enjoy this family moment with snow and without work," said Mr Qiao, who has an 11-year-old daughter.

The epidemic has killed 722 people and infected nearly 32,000 in China as of February 8. More than three-quarters of the cases are in the central Hubei province where the virus originated - more than 1,000 km (620 miles) from Beijing.

Only a few people are brave enough to come out. A security guard at Jingshan Park said there were less than a third of the number of tourists than usual, even with the rare snowfall.

Even at one of the best spots for snapping photos of snowy Beijing just outside the Forbidden City, there's barely a crowd, while the usual tour buses and groups of people speaking different dialects are nowhere to be seen.

"Last year when it snowed, I took a few hours off work to come down here to take a picture and the crowd was several layers deep," said a man in his 30s who gave his surname as Yang. "But this year, I am not at all worried about finding a space to take a photo. The virus is keeping people indoors."

Security guards along Wangfujing street, a popular pedestrianised shopping area in downtown Beijing, said it was normally so crowded during the holiday period that it was hard to move around.

"Look at it now, there are more security guards and street cleaners than tourists!" said one of the guards.

Businesses, including shops, bars and restaurants, have been severely hit by the epidemic as the government has banned mass gatherings and even group meals in an effort to curb the spread of the coronavirus.

"You would have to wait outside for a table on a normal day," said a waitress at a restaurant with more than 50 tables. Just five were taken at the peak lunch hour.

Only a handful of the more than 100 restaurants along Beijing's famous food street, Guijie, were open, and the remaining outlets were wondering how long they can hold out.

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News Network
June 29,2020

Karachi, Jun 29: Four heavily-armed militants attacked the busy Pakistan Stock Exchange on Monday morning, killing four security guards and a police sub-inspector before being shot dead in an exchange of fire, media reports said.

The unidentified militants opened indiscriminate fire and lobbed hand grenades at the main gate of the building as they tried to storm it, Geo News reported.

Police said that all the terrorists have been killed while five persons injured in the attack.

Four security guards and a police sub-inspector were also killed in the attack.

"An unfortunate incident took place at the Pakistan Stock Exchange. They made their way from our parking area and opened fire on everyone," said Abid Ali Habib, Director of Pakistan Stock Exchange.

The firing by militants caused panic among the people in the building.

Sindh province Governor Imran Ismail condemned the incident.

"Strongly condemn the attack on PSX aimed at tarnishing our relentless war on terror. Have instructed the IG & security agencies to ensure that the perpetrators are caught alive & their handlers are accorded exemplary punishments. We shall protect Sindh at all costs," he said on Twitter.

Police and rangers have arrived on the spot and surrounded the area.

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