PTI to wait for SC verdict on Panama before pressurising Sharif to resign

Agencies
July 18, 2017

Islamabad, Jul 18: As the Supreme Court is set to pronounce its verdict in the Panama Papers, the Pakistan Tehreek-i-Insaf (PTI) on Tuesday said it will wait for the court`s decision before calling on the people to take to the streets and force Prime Minister Nawaz Sharif to resign from his post.On the other hand, the Pakistan Peoples Party (PPP) has warned Sharif that he will be coerced to leave histhis post if he does not resign on his own, reported the Dawn.Sharif

"Our party will wait for the Supreme Court`s decision," PTI spokesman Fawad Chaudhry said.Chaudhry said the decision to wait has been made by the party, adding that the party will not organise big rallies or public meetings till the court announces its decision, but will hold small party conventions at various places."We do not want to give an impression that we have taken out people on the street before the apex court`s verdict, but we want to keep our workers charged so that they remain ready for any call by the chairman," he said.

Earlier on Monday, a Justice of Pakistan Supreme Court, who is heading the three-judge implementation bench hearing the Panama Papers case, said that the Joint Investigation Team`s (JIT) findings against Sharif`s family are not obligatory on the apex court."The JIT`s findings against Sharif family are not binding on the Supreme Court," the Express Tribune quoted Justice Ejaz Afzal Khan as saying during the hearing.The apex court questioned whether Sharif received monthly salary from FZE, an offshore company, as revealed in the JIT report.

According to the report, Justice Sheikh observed that the JIT obtained documents related to FZE through Mutual Legal Assistance (MLA) from United Arab Emirates under the National Accountability Bureau (NAB) law as those were certified and not source documents.Meanwhile, Justice Ejaz observed that it was debatable whether the documents could be accepted without questioning the people who signed them.The top court is likely to either put Sharif on trial on corruption charges or even disqualify him.However, the few are expecting the judges to dismiss the case after the JIT submitted a damaging report into Sharif`s family wealth.

Earlier, Sharif`s lawyers and Finance Minister Ishaq Dar, submitted separate objections to the JIT report in the apex court today.A three-member apex bench, headed by Justice Ejaz Afzal Khan, and comprising Justice Sheikh Azmat Saeed and Justice Ijazul Hassan, after the JIT began hearing the case as the JIT submitted its final report on July 10.The report pointed out a categorical foul play on part of the Prime Minister, his children and other family members in their wealth details linked to offshore companies unearthed in Panama Papers.

The report also found respondents guilty of being beneficial owners of multiple offshore companies and recommended initiation of reference against Sharif and his family members in the National Accountability Bureau.In the objections filed before the court, the Sharif family and the Finance Minister rejected the JIT report and argued that the team violated its mandate, reports the Dawn.

Meanwhile, PTI lead counsel Naeem Bukhari in his arguments highlighted certain findings from the JIT report, including the alleged false testimony of Tariq Shafi, who is Sharif`s cousin and a key respondent in the case.Shafi recorded a false testimony earlier regarding an agreement that he made in 1980 with Abdullah Kayed Ahli, the owner of Ahli Steel Company, Dubai in which Shafi held 25 per cent shares, said Bukhari.

The trust deed of the four flats located in London`s upscale Park Lane neighbourhood, executed between Maryam Nawaz and Hussain Nawaz - the Prime Minister`s children - in February 2006, was found to be false by the JIT, Bukhari told the apex bench.The counsel representing Sharif`s sons in the case, Salman Akram Raja, had argued before the SC in February that bearer certificates of the flats had remained with Maryam between February and July 2006. However, they were cancelled upon execution of the trust deed and registered under Minerva Services Limited - an entity that appointed directors for the two offshore companies, Nielson Enterprises Ltd and Nescoll Ltd. that owned the four flats.

The court is expected to either put Sharif on trial on corruption charges, or even disqualify him, but few expect the judges to dismiss the case.

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News Network
June 6,2020

Washington, Jun 6: US President Donald Trump has said that countries like India and China would have much more coronavirus cases than America, the worst-hit country in the world, if they conduct more tests.

Trump, in his remarks at Puritan Medical Products in Maine, said that the US has carried out 20 million tests.

Compared to the US, Germany is at four million and much talked about South Korea is about three million tests, he said on Friday.

According to Johns Hopkins Coronavirus Resource Center, the US has reported nearly 1.9 million cases and over 1,09,000 deaths, making America the worst affected country, while the total number of coronavirus cases in India and China stand at 2,36,184 and 84,177 respectively.

India has so far conducted over 4 million coronavirus tests, according to the health ministry.

Commenting on the COVID-19 tests in the US, Trump said: "We will be well over 20 million tests. Remember this, when you test more, you have more cases.

"I say to my people every time we test; you find cases because we do more testing. If we have more cases, if we wanted to do testing in China or in India or other places, I promise you there would be more cases... you are doing a fantastic job in getting out the swabs".

Puritan is one of the only manufacturers in the world producing the high-quality medical swabs that are crucial for rapid testing.

"And every swab you make at Puritan is proudly stamped with the beautiful phrase made in the USA."

"Thanks to the testing capacity that you are making possible, our country is reopening and our economy is recovering like nobody would've thought possible," he said.

Referring to the latest monthly employment numbers, Trump said that the economy is now back on track.

"We absolutely shattered expectations, and this is the largest monthly jobs increase in American history, think of that; that's a long time.

"I think it's more than double or about double of what our highest was before so this is the largest monthly job increase in American history. And we're going to have a phenomenal next year. We're going to have a tremendous couple of months prior to the election on November 3 very, very important date," the president said.

Seeking re-election for his second consecutive term, Trump is pitted against Democratic presidential nominee Joe Biden in November 3 presidential elections. Most of the opinion polls shows that Biden is several points ahead of Trump.

"It's going to be a very important election because the only thing that can screw it up is if you get the wrong president and they raise your taxes, and they open up your borders so that everybody pours into our country," Trump said.

Reiterating that he has built a strong economy in the last three years, Trump vowed to bring the economy back on track, which has been badly hit by the coronavirus pandemic.

Describing the fight against coronavirus as the greatest national and industrial mobilisation since the World War II, Trump said that his administration has marshaled the full power of the US government and US industry to defeat the invisible enemy.

"It is indeed an enemy. It came from China, should have been stopped in China. They didn't do that," he alleged.

The administration, he said, has delivered over 1.5 billion pieces of personal protective equipment to doctors and nurses on the front lines. "We slashed the red tape to speed up the development of vaccines. And vaccines are coming along incredibly well, wait till you see, and therapeutics. And we partnered at private sector leaders such as Puritan to build the largest and most advanced testing capacity on the face of the earth, like this one," he said.

The Puritan factory in Maine, he said, quickly ramped up the production to produce nearly 20 million foam tipped swabs each month.

"Then in April, my administration invoked the Defence Production Act to help you scale up even more. Under a USD 75 million public-private partnership, Puritan will soon double production to 40 million swabs per month," Trump added.

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News Network
March 23,2020

Singapore, Mar 23: Oil prices fell at the open in Asia on Monday after a trillion-dollar Senate proposal to help the coronavirus-hit American economy was defeated and death tolls soared across Europe and the US.

US benchmark West Texas Intermediate initially tumbled more than three percent but then pulled back some ground to trade 1.5 percent lower, at $22 a barrel.

Brent crude, the international benchmark, fell 4.9 percent to $25 a barrel.

Prices have fallen to multi-year lows in recent weeks as lockdowns and travel restrictions to fight the virus hit demand, and top producers Saudi Arabia and Russia engage in a price war.

The latest drop came after a trillion-dollar Senate proposal to rescue the US economy was defeated after receiving zero support from Democrats, and with five Republicans absent from the chamber because of virus-related quarantines.

The bill had proposed funding for American families, thousands of shuttered or suffering businesses and the nation's critically under-equipped hospitals.

Coronavirus deaths soared across Europe and the United States at the weekend despite heightened restrictions.

The death toll from the virus -- which has upended lives and closed businesses and schools across the planet -- surged to more than 14,300 Sunday, according to an AFP tally.

AxiCorp chief markets strategist Stephen Innes said that "total demand devastation" had set it.

"Oil markets collapsed out of the gate this morning as prices react... to stringent containment lockdown measures," he said.

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News Network
June 16,2020

Beijing, Jun 16: The coronavirus situation in China's capital is "extremely severe", a city official warned Tuesday, as 27 new infections were reported from Beijing where a new cluster has sparked a huge trace-and-test programme.

The COVID-19 resurgence -- believed to have started at the sprawling Xinfadi wholesale food market in the capital -- has sparked alarm as China had largely brought its outbreak under control through mass testing and lockdowns imposed earlier in the year.

The new cases took the number of confirmed infections in Beijing over the past five days to 106, as authorities locked down almost 30 communities in the city and tested tens of thousands of people.

"The epidemic situation in the capital is extremely severe," Beijing city spokesman Xu Hejian warned at a press conference.

The World Health Organization had already expressed concern about the cluster, pointing to Beijing's size and connectivity.

Officials in the capital have said they will test stall owners and managers at all of the city's food markets, restaurants and government canteens.

Beijing's coronavirus testing capacity has been expanded to 90,000 a day, according to China's official news agency Xinhua.

On Tuesday, the capital's transport commission banned taxi- and ride-hailing services from driving out of the city, Xinhua reported, in another move to try and contain the new outbreak.

All indoor sports and entertainment venues in Beijing were ordered to shut on Monday, and some other cities across China warned they would quarantine those arriving from the capital.

The National Health Commission also reported four new domestic infections in Hebei province, which surrounds Beijing, and a case reported in southwestern Sichuan province was linked to the Beijing cluster.

Authorities were also racing to track people from Beijing who had travelled to other parts of China, and those who visited the capital have been encouraged to get tested.

Beijing spokesman Xu said: "High-risk people who have left Beijing must inform local authorities immediately."

Market inspections

Authorities shut down another market on Tuesday -- Tiantaohonglian in the central Xicheng district -- after one employee there was diagnosed with COVID-19, state broadcaster CCTV reported.

Seven residential estates surrounding that market were also locked down.

In total, Beijing officials said Tuesday they have disinfected 276 agricultural markets, closed 11 markets, and disinfected more than 33,000 food and beverage businesses in a bid to stamp out the new cluster.

Officials had warned Sunday that since May 30, 200,000 people had visited the Xinfadi market -- the original site of the new outbreak.

More than 8,000 workers from Xinfadi have been tested and sent to centralised quarantine facilities.

Until this recent outbreak, most of China's cases in recent months were nationals returning home as the pandemic spread to other countries.

China's Center for Disease Control and Prevention said Monday that the virus strain found in the Beijing outbreak was a "major epidemic strain in the European countries".

While the virus was detected on chopping boards used to handle imported salmon at Xinfadi, "it does not clearly or definitely indicate it's from imported seafood", Wu Zunyou, the body's chief epidemiologist, said in an interview with state broadcaster CCTV.

"Ever since new cases suddenly emerged in Beijing, we have tried to figure out the reasons for the outbreak since there were no COVID-19 cases found over the past two months," Wu Zunyou said.

"We came up with several possibilities, and the most likely one is that the carrier of the novel coronavirus comes from outside China or other parts of China and brought it here."

On Tuesday, another eight imported cases were reported.

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