US suspends military training with Pakistan says report

Agencies
August 11, 2018

Islamabad, Aug 11: The Trump administration has suspended more than a decade-long military training programme of Pakistani personnel at the US institutions, a media report said today, days after Islamabad and Moscow signed an agreement to allow Pakistani troops to receive training at the Russian defence centres.

Pakistan and Russia signed an agreement on Tuesady at their first Joint Military Consultative Committee (JMCC) meeting in Rawalpindi during which the two sides discussed the present status of the bilateral defence relations and agreed that Pakistani troops will receive training at the Russian military training institutes.

The relations between Pakistan and the US nosedived this January after President Donald Trump accused Islamabad of giving nothing to Washington but "lies and deceit" and providing "safe haven" to terrorists.

The US Congress also passed a bill to slash Pakistan's defence aid to USD 150 million, significantly below the historic level of more than USD one billion per year.

The US military institutions are struggling to fill the 66 slots they had kept aside for officers from Pakistan for the next academic year, as the Trump administration refused to provide funds for their training, the Dawn newspaper reported, quoting official sources.

The fund for the training of Pakistani officers came from the US government's International Military Education and Training Programme (IMET) but no funds were made available for Pakistan for the next academic year, it said.

The suspension of the training first became apparent when the US National Defence University (NDU) in Washington, which has had reserved seats for Pakistani officers for more than a decade, told the outgoing Pakistani officers that the varsity has been asked to fill the positions for the next year with officers from other nations.

The NDU is one of several US military institutions that train officers from Pakistan.

The Trump administration had announced early this year that it was suspending security assistance to Pakistan over differences on Afghanistan but indicated that training programmes for military officers will continue.

The cancellation of slots kept aside for Pakistani officers, however, shows that the suspension now also applies to training programmes, the report said.

Pakistani officers have been receiving military training and education in the US since early 1960s, which were suspended in the 1990s but restored after the September 11, 2001 terrorist attacks.

Previously, it was not just Pakistan that valued the training and education of its officers received in the US.

US military institutions also proudly owned training officers who assumed senior positions after returning home, such as former Army chief General Ashfaq Parvez Kayani, and Lt Gen Naveed Mukhtar, the current director general of the Inter-Services Intelligence, the report said.

"This is an unfortunate and ultimately counterproductive decision. There are certainly ways to send a strong message to Pakistan, but this isn't the way to do it," Michael Kugelman, an expert of Pakistan affairs at the Washington think tank 'the Wilson Center', was quoted as saying in the report.

"This move could squander what little goodwill and trust remains in the military-to-military relationship, and it reduces the likelihood that Pakistan will act in the ways that Washington would like it to act," Kugelman said.

He said there was a long history of educational and training cooperation between the US and Pakistani militaries, and this cooperation had withstood the pressures and tensions of the relationship.

"The fact that these educational exchanges have suffered this blow now suggests that the relationship could be entering into a new phase where even the supposedly safe and protected dimensions of the relationship can become casualties of wider tensions and ill will," Kugelman said.

So far there is no response from Pakistani official to this move by the US.

Pakistan's defence ties with Russia have moved past the bitter Cold War hostilities in recent years and the chill in the relations between Pakistan and the US has further pushed the country towards Russia and China.

Pakistan has shown eagerness to build military-to-military level ties with Russia.

Earlier this year, the then foreign minister Khawaja Asif visited Moscow during which the two sides agreed to set up a commission to boost military cooperation.

Russia has over the past three years provided four Mi-35M combat and cargo helicopters to Pakistan and the militaries of the two countries also held joint drills codenamed 'Friendship'.

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News Network
May 28,2020

May 28: Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.

One of the nation's biggest manufacturers will lay off 6,770 U.S. employees this week, and another 5,520 workers are taking buyout offers to leave voluntarily in the coming wee

Air travel within the U.S. tumbled 96% by mid-April, to fewer than 100,000 people on some days. It has recovered slightly. The Transportation Security Administration said it screened 264,843 people at airports on Tuesday, a drop of 89% compared with the same Tuesday a year ago.

Boeing had said it would cut 10% of a work force that numbered about 160,000. A Boeing spokesperson said Wednesday's actions represent the largest number of job cuts, but several thousand additional jobs will be eliminated in the next few months.

The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business. The defense and space division is stable and will help blunt the impact of the decline in air travel and demand for passenger jets, the company said.

Boeing said additional job cuts will be made in international locations, but it did not specify numbers.

"The COVID-19 pandemic's devastating impact on the airline industry means a deep cut in the number of commercial jets and services our customers will need over the next few years, which in turn means fewer jobs on our lines and in our offices," CEO David Calhoun said Wednesday in a memo to employees.

Calhoun said the company faces the challenges of keeping employees safe and working with suppliers and airlines "to assure the traveling public that it can fly safe from infection."

Calhoun warned that Boeing will have to adjust business plans constantly because the pandemic makes it hard to predict the impact on the company's business.

Boeing's crisis began with two crashes of its 737 Max, which led regulators around the world to ground the jetliner last year. The company's problems have deepened with the coronavirus, which has cut global air traffic by up to 90% and caused airlines to postpone or cancel orders and deliveries for new planes.

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News Network
June 15,2020

Jun 15: Oil prices fell on Monday, with U.S. oil dropping more than 2%, as a spike in new coronavirus cases in the United States raised concerns over a second wave of the virus which would weigh on the pace of fuel demand recovery.

Brent crude futures fell 66 cents, or 1.7%, at $38.07 a barrel as of 0016 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 81 cents, or 2.2%, to $35.45 a barrel.

Both benchmarks ended down about 8% last week, their first weekly declines since April, hit by the U.S. coronavirus concerns: More than 25,000 new cases were reported on Saturday alone as more states, including Florida and Texas, reported record new infection highs.

"Concerns about the recent uptick in COVID-19 infections in the U.S. and a potential 'second wave' are weighing on oil at the moment," said Stephen Innes, chief global market strategist at AxiCorp.

Meanwhile, an OPEC-led monitoring panel will meet on Thursday to discuss ongoing record production cuts to see whether countries have delivered their share of the reductions, but will not make any decision, according to five OPEC+ sources.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have been reducing supplies by 9.7 million barrels per day (bpd), about 10% of pre-pandemic demand, and agreed in early June to extend the cuts for a month until end-July.

Iraq, one of the laggards in complying with the curbs, agreed with its major oil companies to cut crude production further in June, Iraqi officials working at the fields told Reuters on Sunday.

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Agencies
March 1,2020

Washington, Mar 1: Beginning April 1, Indians wishing to immigrate to America will now have to pay an additional $50,000 for the EB-5 or the US investor visa, a media report said.

Although, this additional tax would impact all visa categories, it will predominantly create a barrier for people investing in the EB-5 visa programme, the American Bazaar daily said in the report on Friday.

In 2019, the EB-5 investor visa programme, for the first time since the 1990's, increased the minimum investment amount to $900,000.

With this increase in minimum investment, the new 5 per cent additional tax would mean that applicants would have to pay the extra $50,000, when they move money to an escrow account in the US to fulfil their application criterion.

"The changes to the tax on remittances is a reminder to Indians to carefully plan their tax position before making the move to the US," the American Bazaar quoted Mark Davies, Global Chairman, Davies & Associates LLC, as saying.

"People seeking to emigrate who do not wish to pay this tax at source and rather account for it later may wish to move their money ahead of the new rules coming into effect.

"It is possible to pre-emptively move money into an escrow account in the US until such a time as they are ready to proceed with emigration process," he added.

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