Nawaz Sharif, daughter arrested in graft case as they return to Pakistan

Agencies
July 14, 2018

Lahore, Jul 14: Pakistan's former prime minister Nawaz Sharif and his daughter Maryam were arrested tonight upon their return to the country after their conviction in one of the three corruption cases against the powerful political family, less than two weeks before the country goes to polls.

The plane carrying Sharif, the supremo of the Pakistan Muslim League - Nawaz, and Maryam landed at Lahore's Allama Iqbal Airport at 9:15 IST, nearly three hours late from the scheduled arrival.

The Etihad Airways flight EY243 arrived here from Abu Dhabi. Earlier they flew to the UAE capital from London, where Sharif's wife Kulsoom, suffering from throat cancer, is battling for her life.

According to an airport official, they surrendered before a team of the country's anti-graft body -- The National Accountability Bureau -- without any resistance.

"They will be transported to Islamabad by an helicopter," he said.

Sharif reportedly refused to sit in the vehicle of the Rangers to get to the airport terminal. Federal Investigation Agency (FIA) officials took their passport for immigration.

According to media reports, dozens of security officials entered the plane after it landed and asked other passengers to leave. The duo's passports were seized by a three-member FIA team, and both were permitted to meet Begum Shamim Akhtar, Sharif's mother, in the Haj Lounge.

The two were convicted on July 6 in the Evenfield properties case linked to the Sharif family's ownership of four luxury flats in London.

Both Sharif, 68, and Maryam, 44, have been sentenced by an accountability court to 10 and 7 years in prison respectively.

The Sharif family is now facing two more corruption cases in the accountability court — Al-Azizia Steel Mills and Flagship Investments — in which they are accused of money laundering, tax evasion and hiding offshore assets.

Sharif and Maryam are expected to be sent to Adiala Jail in Rawalpindi tonight.

Around 10,000 police officers have been deployed across the city to maintain law and order. The Punjab government has suspended mobile and internet services in Lahore.

Sharif's PML-N party, led by its President and Sharif's younger brother Shahbaz, today managed to take out a rally despite imposition of section 144 that bars assembly of more than five people.

Earlier, media reports and an official of the Civil Aviation Authority had said their plane was diverted to Islamabad to avoid any law and order situation in Lahore as a large number of the PML-N workers were heading in hundreds of vehicles to the city to cheer up their leader.

The rally kicked off at the Lohari Gate in the afternoon and could manage to proceed a few kilometers as party workers struggled to remove cargo containers on their way.

Close to the airport, Sharif's supporters clashed with police which otherwise did not stop them from removing containers.

"It appears the Punjab caretaker government had reached a deal with the of PML-N withdrawing thousands of policemen to give a free hand to reach close to the Lahore airport and wind up the rally," a senior police officer said.

"We have orders from our top command not to take action against the PML-N rally participants," he said.

The PML-N workers joined in the rally from different points in Lahore. Wearing a shirt with Sharif's picture on it, Muraz Ali had come all his way from Bahalwapur, some 400km from Lahore, to participate in the rally.

"I love Nawaz Sharif. I am even ready to sacrifice my life for him. I will go on fast if my leader is arrested," Ali said.

Talking to reporters before reaching the airport, Shahbaz said "a sea of people" has turned up today to give historic reception to Sharif.

"The people of Lahore has given a verdict ahead of July 25 polls," he declared. "I am thankful to the people of Lahore for coming out in such a huge number," he said, adding that the people have rejected the decision of the court to convict Sharif and Maryam.

Speaking to the BBC at Abu Dhabi airport as he waited to change planes, Sharif said: "What credibility will these elections have when the government is taking such drastic action against our people and this crackdown is taking place all over the country?"

In a video message, tweeted by Maryam, the former premier urged his followers to stand with him and "change the fate of the country".

"The country is at a critical juncture right now," a grim looking Sharif said.

"I have done what I could. I am aware that I have been sentenced to 10 years [in prison] and I will be taken to a jail cell straight away. But I want the Pakistani nationals to know that I am doing this for you," he said.

Sharif was disqualified by the Supreme Court last year in the Panama Papers case.

Sharif has been one of the country's leading politicians for most of the past 30 years. He remains popular, especially in Punjab, the most populous and electorally significant province.

He and his party have accused the military of being behind his conviction, saying it is going after the PML-N for its criticism of the security establishment.

The military, which has ruled Pakistan for about half of its 70-year history, has denied it has any "direct role" in the elections or the political process.

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News Network
June 15,2020

New Delhi, Jun 15: A total of 1,15,519 samples of COVID-19 have been tested in the last 24 hours taking the total samples tested to 57,74,133 in the country, the Indian Council of Medical Research (ICMR) said.

"Total sample tested 57,74,133 and samples tested in the last 24 hours is 1,15,519," said ICMR.

With an increase of 11,502 cases in the past 24 hours, the COVID-19 count in India reached 3,32,424 on Monday, according to the Union Health and Family Welfare Ministry.

The COVID-19 count includes 1,53,106 active cases while 1,69,798 patients have been cured and discharged or migrated so far, and the toll due to COVID-19 has now reached 9,520.

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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
April 6,2020

New Delhi, April 6: The United States has donated $2.9 million assistance package for India to help the Narendra Modi government brace itself against the coronavirus as countries across the world are coming together to combat the outbreak.

On March 28, the US government, via US Agency for International Development, announced $2.9 million to support India in its response to COVID-19.

"It builds on a foundation of over $1.4 billion in health assistance and nearly $3 billion in total assistance that the US provided to India over the last 20 years," the US Embassy in India said in a statement.

"These new funds will support two organisations, including $2.4 million for USAID's health strengthening project, implemented by Jhpiego, an international non-profit health organisation affiliated with Johns Hopkins University and $500,000 for the World Health Organization (WHO)," the statement said.

The funds will also help India combat the spread of COVID-19, provide care for the affected and support local communities with the tools needed to contain the disease, it added.

Moreover, being a global leader in health and humanitarian response to COVID-19, the US has provided approximately $18.3 million assistance package to ASEAN member countries to fight the contagion.

The funds will be used to prepare laboratories for large-scale testing for the lethal virus, infection prevention and control, enable risk communication, implement public-health emergency plans for border points of entry, activate case-finding and event-based surveillance for influenza-like illnesses, train and equip rapid-responders in investigation and contact-tracing and update training materials for health workers.

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