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Covid-19 update Thursday 2nd April
Virus news in depth
3M continues to ramp up production and speed supply of N95 respirators - Supply chain quarterly says that 3M is continuing all out efforts to speed up manufacturing and distribution of respirators, aiming to produce 50m per month in the US alone by June. In a statement Tuesday, 3M CEO Mike Roman outlined steps the company is taking to increase production of the vital respirators as well as address wider supply chain issues, including delivery and pricing. Roman said 3M plans to double its capacity over the next 12 months to produce 2 billion respirators globally per year, adding that some of the additional capacity will come online in the next 60 to 90 days. The increase follows a doubling of the company's global output in January to a level of 1.1 billion per year, or 100 million per month. Despite such efforts, Roman says demand for respirators is higher than the industry's ability to deliver, and that 3M and others are working to address new ways to protect healthcare workers, including working with sterilization companies to find ways for hospitals to safely clean, reuse, and extend the life of N95 respirators. The company is also working to boost production of its powered air purifying respirators (PAPRs), which are highly specialized and designed for "the most demanding healthcare environments," Roman said. Challenges extend beyond supply and delivery to pricing, with industry-wide reports of counterfeiting and price gouging. A recent market forecast for PPE products estimates that prices for some items have increased as much as 10 times due to shortages and demand surges. Roman said in his statement that 3M has not raised its prices for respirators and is taking steps to fight both counterfeiting and price gouging. China forced to lockdown recently reopened counties after new infections - Bloomberg says that a county in central China has been put under lockdown again after a flare-up in coronavirus cases, pointing to the difficulty of sustaining outbreak containment in the face of carriers who show no signs of sickness. Jia county, whose population numbers around 640,000, issued a directive on Wednesday asking all residential compounds to be sealed off and those visiting and leaving homes to produce identity cards, wear masks and submit to temperature checks. Car traffic will also be limited. (Personal note: Reuters isreportingthe same thing). Weather forecast accuracy is deteriorating due to grounded planes - Airlive.net has a piece explaining that planes automatically report weather conditions around them as they fly. With so many now grounded, this valuable data set has been temporarily lost. Without this precious data, predicting the weather during the week is much more difficult. A similar problem happened in 2010 when the Eyjafjallajökull volcano erupted in Iceland causing a block of air traffic across much of Northern Europe and North America. A scandal seems to be erupting in the UK over insufficient testing - Senior political journalists from both left and right wing sources seem (to me) to be aligning against the UK government over Covid-19 testing. Robert Peston (political editor for ITV, a major TV station) reports that whilst Michael Gove (senior UK cabinet minister) says tests can’t be produced due to a lack of reagants, the Chemical Industries Association (which represents the UK's very substantial chemicals industry) say they can easily ramp up production if asked - but they haven’t been asked to. Labour MP’s in opposition are querying this (example tweet) whilst the UK Huffington Post political editor reports that just 1.6% of NHS workers have been tested for the virus. Meanwhile, the Telegraph (which is a strong broadsheet supporter of Tory governments) has put the minister from yesterday’s daily Q&A on the front page with the headline “Questions without answers”. (Personal note: For context, CNN in its daily blogreportsthat The organisation’s medical director Paul Cosford told Sky News that the UK is testing nearly 15,000 people a day and aims to reach 175,000 a week by the middle of April but in contrast, Germany leading virologist Christian Drosten says his country is already testing 500,000 a week). There is also confusion in the UK over how many ventilators we have - Robert Jenrick (a cabinet minister) told Sky News there were 12,000. Less than an hour later he told BBC news there were 8,000. Separately the Guardian is reporting on today’s live blog that an unnamed major NHS hospital almost ran out of oxygen for its Covid-19 patients on ventilators because it was treating so many people with the disease who needed help to breathe.
Virus news in brief
People infected with the novel coronavirus can transmit the infection one-to-three days before symptoms start to appear, according to a study published by the US Centers for Disease Control and Prevention (CDC). (Jakarta Post link). The study looked at 243 cases of COVID-19, the illness caused by the coronavirus, reported in Singapore between January 23 to March 16 and identified seven "clusters" where pre-symptomatic transmission was likely. Turkmenistan has banned its media (considered the least free in the world) from using the word “coronavirus”. NPR has more, including the fact that plainclothes police officers are also arresting people who wear face masks or discuss the pandemic in public. Slovakia, Slovenia and the Czech Republic have all made masks obligatory in public spaces and the Czech zeal for the new practice is such that when a group of nudists gathered at a lake during last weekend's unusually warm weather, police ordered them to cover up -- their mouths (link). An Australian private hospital company has made 800 staff redundant (putting 8,000 beds at 34 private hospitals across Australia at risk) after the federal government cancelled elective surgeries in response to the COVID-19 spread - 9News reports that Chinese billionaire Liu Dian Bo bought Healthe Care for $900 million AUD in 2015. Now, the company, which 9News understands was already facing financial pressure, is putting the heat on federal and state government for help. "We have received no firm proposals," the company's letter to staff said. "Regrettably, this has driven us to these immediate actions." Other private hospitals are threatening to follow suit. UK: A man has been jailed for stealing PPE from ambulance and assaulting a NHS security guard near a London hospital (link) The Wimbledon tennis tournament has become the latest major sport event to be cancelled (link). English premier league footballer clubs have been accused of living in a "moral vacuum", with players urged to take their share of the financial hit from the coronavirus pandemic as non-playing staff begin to feel the pinch (link). Players at Barcelona have taken a 70 percent pay cut during Spain's state of emergency and will make additional contributions to ensure other employees receive full wages. The squad of Italian champions Juventus, including Cristiano Ronaldo, have agreed to have their wages stopped for four months while players at German giants Bayern Munich accepted a 20 percent pay cut. Personal data protection is a (very) thorny subject in privacy-loving Germany, but the country is nevertheless considering using a smartphone app to help manage the spread of the new coronavirus. Even Chancellor Angela Merkel -- who often refers to her youth in surveillance-ridden communist East Germany -- said Wednesday that if it turns out to be a helpful way of tracking the spread of the virus "I would... of course be willing to use it for myself". (Personal note: they are so hot on their privacy that you can force Google to blur pictures of your home on streetview, so this is a really big deal socially for Germany). Link It turns out you can’t run from a global pandemic says Bloomberg - here’s an article from a Hong Konger who fled the outbreak and flew to Dallas only to find it soon caught up to her. A Canadian couple who tried to flee to the remote Yukon village of Old Crow also found out you can’t run from a pandemic - when Old Crow residents asked the man and woman what had brought them to town, they were shocked by the response: The pair had driven across the country to Whitehorse and then flown to Old Crow to seek refuge from the coronavirus pandemic — a journey inspired by a dream. Town leaders isolated the couple for two days before putting them back on a plane to Whitehorse, where they remain in self-isolation. “They perceived our community as a life raft from COVID-19,” Dana Tizya-Tramm, chief of the Vuntut Gwitchin First Nation, told the Star. In the Arctic community of roughly 280 people, Old Crow has only one nursing station and a doctor who flies in once every couple of months; they can’t risk the chance of a coronavirus outbreak. The Pentagon is sourcing 100,000 body bags (link). American deaths are estimated (at this time) to eventually be around 200,000. The US Navy aircraft carrier Theodore Roosevelt has been mostly evacuated due to the virus (link) - it’s currently moored in Guam. A skeleton crew will left onboard to run critical systems. If crew members are required to quarantine for 14 days, on a rotational basis, the Roosevelt could be out of duty for weeks. The New York State unemployment office typically gets 50,000 calls a week. Last week, it got almost 8 million says Business Insider. US students who defied coronavirus warnings to keep partying on Florida beaches during their spring break have been crowned the year's "most foolish" Americans in a new survey -- tied with President Donald Trump (link). Facing calls to declare a coronavirus state of emergency, Japanese Prime Minister Shinzo Abe was flamed on social media on Thursday for instead offering people free cloth masks, pointing to growing frustration for some over his handling of the crisis. "If your family has more than two people, what are you supposed to do - fight over them?" posted user Yosuke. (Link) Hong Kong authorities are warning more business closures could soon result - with beauty parlours likely to be next says the SCMP (link). A lack of tourists in Thailand may cause elephants involved in tourism to go hungry (link). Chinese police officers from two different forces clashed with each other and members of the public on Friday in a dispute over the reopening of a provincial border, following weeks of lockdown to prevent the spread of Covid-19. According to local government reports, the incident happened on the 1st Yangtze River Bridge that separates Huangmei county in Hubei – the province at the epicentre of the initial coronavirus outbreak – with the city of Jiujiang in Jiangxi. Several police vehicles were overturned (link). Poor communication from local governments is being blamed. The Chinese city of Shenzhen has banned the eating of dogs and cats as part of a wider clampdown on the wildlife trade since the emergence of the new coronavirus (Bangkok Post) Philippine President Rodrigo Duterte warned the country's inhabitants in a TV message that anyone caught violating coronavirus lockdown measures would be shot. "My orders to the police and military ... if there is trouble and there's an occasion that they fight back and your lives are in danger, shoot them dead," he said. "Is that understood? Dead. Instead of causing trouble, I will bury you." (Deutsche World link)
Supply chain news in depth
Manila terminal chief pleads with owners to collect cargo as reefers pile up - Loadstar is reporting that The Philippines gateway of Manila has emerged as a new hot spot of reefer container congestion, as carriers stop unloading at the port. In a message to customers, MSC said that there were now no available reefer plugs at the port as haulage collections of import containers had been hampered by a city-wide lockdown set to run until mid-April at the earliest. The port’s two container terminal operators are ICTSI and Asian Terminals, and in a letter last week to carriers, forwarders and shippers, ICTSI executive vice president Christian Gonzalez outlined the extent of the problem: “Unfortunately, we have now come to a point where it is becoming impossible to operate in an efficient manner”...”“Those who are able must please clear and remove your containers immediately,” he wrote. In response, CMA CGM (major container ship operating company) yesterday slapped a $1,400 per reefer port congestion surcharge on shipments to Manila and Subic Bay ports (Personal note: that’s a very high fee, CMA CGM is not messing around), and urged shippers whose cargo had arrived at Manila to arrange to pick it up “as soon as possible to avoid accumulating demurrage fees”. Rival MSC said it had now reached a point where it was applying a ‘suspension of carriage’ clause and would have to unload reefer containers at other ports – it will advise shippers and their forwarders “where your container(s) may be collected”. MSC offers storage in terminal yards to help prevent import congestion at ports - In a related article, Loadstar also reports that as consumer demand in Europe and North America drops off a cliff, fears have grown among logistics operators of an impending container congestion crisis at import destinations as shipments arranged before widespread social lockdowns have continued towards their destinations. In response, MSC has introduced a suspension of transit (SOT) programme to help shippers and their freight service providers prevent container exports out of Asia building up at ports, by offering terminal yard storage capacity. The line has secured capacity at some of its terminals at six ports – Bremerhaven in Germany, Busan in South Korea, King Abdullah Port in Saudi Arabia, Lome in Togo, Rodman PSA Panama International in Panama and Tekirdag Asyaport in Turkey. Its customers can store laden containers there until port operations at import terminals are able to resume processing them. NB: Splash247 has the same story (link). Australian dockers' union in quarantine dispute over Chinese box ship - Loadstar reports that citing coronavirus concerns, dockworkers in Melbourne have refused to unload a containership carrying “critical medical supplies” from China, despite the vessel being cleared for entry by the Australian Border Force. Cosco’s 5,668 teu Xin Da Lian left Shanghai on 17 March and called Kaohsiung, Taiwan on 19 March, before arriving at DP World’s Melbourne terminal yesterday. Under current rules in Australia, this was permitted as the call was after the 14-day quarantine period for ships’ crew leaving mainland China – none of them had left the ship in Taiwan, meaning they qualified for having been “at sea” for 14 days. However, the Maritime Union of Australia (MUA) claimed the call was in breach of quarantine and its members refused to unload the vessel “on safety grounds”. DP World said the ship was carrying critical imports, such as medical supplies, and the MUA’s safety concerns were unfounded. “The directions are very clear and we don’t make the rules, these are defined by Australian Border Force,” said Andrew Adam, chief operating officer. Airlines feel pressure to maintain minimum level of domestic service - Freightwaves has an interesting piece on why airlines still need to fly despite a collapse in demand for passengers. Reasons include moving medical staff and cargo around, maintaining pilots certification to fly (they need to have a minimum amount of hours over a given time) and in the case of the US airlines, part of the $2 trillion bailout included support for them and they need to abide by its stipulations to get the financial aid. There’s more in the article for anyone interested including requirements for air traffic control tower manning but an article in theaircurrent.com is scathing about the need to fly empty airlines in the US to meet the government bailout requirements.
Supply chain news in brief
- Aircargo volumes are continuing to plummet worldwide says the Loadstar. YoY (Year on year, i.e. comparison vs this time last year) volumes are down 48%. Tradelane drops vary; Asia - Europe is least affected, Europe to North America is the worst affected but there are a few outliers; Hong Kong to Europe is above pre-CNY levels (CNY = Chinese New Year). The UK’s East Midlands Airport (EMA) has revealed that in the week following the UK government’s imposement of social distancing measures (March 16), the number of cargo aircraft movements at EMA increased by 10%. Then, during the two weeks leading to March 29, cargo aircraft movements at EMA increased by an average of 7.4% per day. AirCargoNews has made its April edition free to read for all. You can read it if interested here. The government of Dubai has announced a cash injection into Emirates airline to help it survive the grounding period (airlive.net) Ocean services continuing to deteriorate; Freightwaves says that not only are “blank” (canceled) container-ship sailings surging spiking from 45 to 120 in the past three days — but schedule reliability for non-canceled sailings is poised to deteriorate. According to Sea-Intelligence CEO Alan Murphy, February reliability fell to 65.1%, “the lowest recorded global score since Sea-Intelligence introduced the score in 2011.” Canada: Auto parts and paint company Uni Select furloughs half of its 6,000 employees - Supply pro reports that auto parts and paint company Uni Select has furloughed half of its 6,000 employees in Canada, the US and the UK. Most of the rest are on reduced operating hours. How supply chains are adapting - Supply chain movement has an article co authored by Ralf W. Seifert (Professor of Operations Management at IMD) about the impacts of the virus on supply chains, what they’re doing to mitigate the bullwhip disruption and even opportunities that are available for some going forward. If you’re a student or new to supply chain, this will likely be of interest (link).
Good news / Humour section
A Russian Air Force Antonov An-124 carrying medical equipment has landed in New York JFK - Defense one reports that an AN-124 (the largest military plane in the world) has landed at New York JFK. Russian state media said the plane was carrying “60 tons of medical equipment, ventilators, masks & other protection gear.” The shipment to New York — the state with the most coronavirus cases — followed a Monday call between President Donald Trump and Russian President Vladimir Putin. “We sincerely thank you for all of the assistance you’re bringing in,” a New York air traffic controller said shortly before the plane, an Antonov An-124 landed. “You’re welcome and thanks,” the pilot responded. Critics of Trump have accused him of walking into a propaganda bonanza. The SanLucar group and its closest partners are taking action to support European truck drivers in the development of their daily work - Loadstar says that SanLucar and its closest partners (which between them are major producers of fruit and vegetables across four continents) nd have started to distribute an individual parcel of food, drink and fresh fruit, available to these professionals in the loading and unloading platforms that the company has in Spain, Germany and Austria. “At SanLucar, we know that truckers are facing new challenges these days, enduring long queues at border crossings or the absence of open bars and restaurants along the way. And even so, they continue to strive, aware of how crucial the work they do is. They are our anonymous heroes”, explains Stephan Rötzer, founder and owner of the SanLucar group. Astrophysicist gets magnets stuck up nose while inventing coronavirus device - The Guardian is reporting (Link) that an Australian astrophysicist has been admitted to hospital after getting four magnets stuck up his nose in an attempt to invent a device that stops people touching their faces during the coronavirus outbreak. Dr Daniel Reardon, a research fellow at a Melbourne university, was building a necklace that sounds an alarm on facial contact, when the mishap occurred on Thursday night. The 27 year-old astrophysicist, who studies pulsars and gravitational waves, said he was trying to liven up the boredom of self-isolation with the four powerful neodymium magnets.
-Iran welcomes mediation as PM Imran arrives in Tehran On a mission to mediate between Iran and Saudi Arabia to lower tensions in the Middle East, Prime Minister Imran Khan arrived in Tehran on Sunday afternoon for talks with Supreme Leader Ayatollah Sayyed Ali Khamenei and President Dr Hassan Rouhani, a move welcomed by Iran. In his meeting with President Rouhani, the premier reiterated that Pakistan attaches high importance to bilateral ties with Iran. This was the second meeting between the two leaders within the span of a month. They held wide-ranging consultations and PM Imran asserted that Islamabad was willing to play its role for strengthening peace and stability in the region. -Imran's China visit sparks outstanding stock market rally Bulls maintained their grip on the Pakistan stock market in the outgoing week as the benchmark KSE-100 index powered past the 34,000-point mark in a phenomenal rally. The index surged 1,442 points or 4.37% in the week and settled at 34,476 points. “From its recent bottom of 28,765 points hit on August 16, 2019, the KSE-100 index has gained 20%,” said Topline Securities in its report. At the start of the week, trading kicked off on a positive note following the release of Asia-Pacific Group’s report on money laundering, which found Pakistan partially compliant with a majority of the issues. -3 army officers found guilty of abuse of authority, involvement in illegal activities Three majors of the Pakistan Army have been found guilty of indiscipline and misconduct charges, including abuse of authority and involvement in illegal activities, Inter-Services Public Relations announced on Friday. "Upon [being] found guilty of the charges levelled against them, all three [have been] dismissed from service while two [have] also [been] awarded rigorous imprisonment for two years each," the military's media wing stated. "Charges included misuse of authority and involvement in illegal activities unbecoming of an officer," the ISPR said. -Current account deficit shrinks 35% to $5.72 bn in July-September The steps taken by the Pakistan Tehreek-e-Insaf (PTI) government to recover ailing economy have started yielding results, as the current account deficit (CAD) has witness a remarkable decrease in first three months (July-September) of the current fiscal year. According to figures released on Friday, the CAD was recorded at $5.72 billion as compared to $8.79 billion in the corresponding period of the last year. Furthermore the exports also saw an increase of nearly 3pc and were recorded at $5.52 billion in the first three months of the ongoing fiscal year. The imports were also shrunk by 21 per cent from July to September and stood at $3.78 billion in the month of September. -FBR to install e-devices at big shops, malls, restaurants from Dec 1 The Federal Board of Revenue (FBR) has made mandatory for all mega chain stores, shopping malls, restaurants, cafes, coffee shops, eateries, snack bars and hotels to install Electronic Device System with effect from December 1, 2019. The computerised software of the FBR will be connected with cash machines and the customers will be able to check whether its paid tax amount was deposited in FBR or not. The point of sale (POS) will be connected with the FBR through this new software Electronic Device System (EDS). “Yes, we have issued rules to amend sales tax rules 2006 aimed at installing Electronic Device System at 20,000 chain stores, shopping malls and others at point of sale to bring them into tax net till June 30, 2020. This new system will become applicable with effect from December 1, 2019. Then we will go to bring hospitals and laboratories into this system,” the FBR’s Member Policy and Spokesman Dr Hamid Ateeq Sarwar confirmed to The News here on Thursday. -Pakistan Railways overcomes ML-1 snags, project back on track The hurdles in the path of Pakistan Railway’s long-awaited flagship project, Main Line-1, have been apparently been overcome, renewing hopes of revamping the country’s dilapidated train infrastructure of the colonial era. ML-1, which is expected to be executed at a cost of $8.2 billion in five years, has been cleared by the Ministry of Planning and Development, after Railways Minister Shiekh Rashid expressed his reservations over the slow progress of this strategically important project under the China-Pakistan Economic Corridor (CPEC). On his recent visit to China, the railways minister announced in Beijing that the ML-1 project had been finalised. Railways Chief Executive Officer Aijaz Ahmad Buriro said he was hopeful that the project would start materialising soon. -Altaf Hussain charged under terrorism act in UK; granted conditional bail Altaf Hussain, the self-exiled founder of Muttahida Qaumi Movement (MQM), was charged on Thursday with a terrorism offence by London’s Metropolitan Police over a speech in which he had allegedly incited his followers to violence. Later in the day, a court released him on bail granted under strict conditions. The Scotland Yard confirmed in a statement that detectives from the Counter Terrorism Command have charged a 66-year-old man with a terrorism offence in connection with a speech made in August 2016. “Altaf Hussain (17.09.1953), of Abbey View, Mill Hill, NW7, was charged under section 1(2) of the Terrorism Act (TACT) 2006 with encouraging terrorism, namely: “On 22 August 2016 published a speech to crowds gathered in Karachi, Pakistan which were likely to be understood by some or all of the members of the public to whom they were published as a direct or indirect encouragement to them to the commission, preparation or instigation of acts of terrorism and at the time he published them, intended them to be so encouraged, or was reckless as to whether they would be so encouraged,” read the statement. -SECP’s Approach to Stop Money Laundering Starts Bearing Fruit The Securities and Exchange Commission of Pakistan (SECP)’s risk-based approach for effective implementation of Anti Money Laundering (AML)/Combating The Financing of Terrorism (CFT) regulatory framework has resulted in significant improvement in the filing of Suspicious Transactions Reports (STR) with the Financial Monitoring Unit (FMU). To align itself with the Financial Action Task Force’s (FATF) standards (40 recommendations), SECP has developed a single set of regulations namely SECP AML/CFT Regulations in June 2018. They’ve also developed a comprehensive guideline to help regulated persons in creating an effective AML/CFT risk assessment and compliance framework. Since the promulgation of consolidated AML/CFT regulations, financial institutions have generated a total of 219 STRs, as compared to only 13 in the last eight years. Moreover, SECP conducted 167 inspections focusing on AML/CFT compliance in the cases of 72 securities brokers, 27 NBFCs, 13 insurance companies, and 55 high-risk NPOs. Significant penalties have been imposed for non-compliance with said regulations. SECP says that financial institutions have undertaken remedial measures to ensure effective compliance with the regulations. Automated screening software has been deployed by many institutions to screen the proscribed persons. -FBR’s Updated Tax Asaan App Now Allows Registration & Non-Salaried Returns The Federal Board of Revenue (FBR) has launched an updated version of its ‘Tax Asaan’ app for filing salaried and non-salaried tax returns. It also allows new taxpayers to register online. This came to light on Thursday when the Member Policy, Dr. Hamid Ateeq Sarwar, gave a detailed presentation to the Senate Standing Committee on Finance and Revenue. Dr. Hamid informed the Senate that App was launched mid-September, but earlier, it was earlier limited to salaried class. The new version will now cover all incomes and assets of salaried and non-salaried individuals. He later spoke to media and revealed that the revenue watchdog has received over 50,000 salary returns digitally and thousands of downloads of the app within the first 24 hours of launch. -Japan assists in establishment of container scanners The Government of Japan has extended assistance to Pakistan Customs and Federal Board of Revenue (FBR) for establishment of three new state of the art Non-Intrusive Inspection (NII) Containers Scanning Terminals at East and West Warf in Karachi Port and Port Bin Qasim. Under the Japanese grant assistance, Japan International Cooperation Agency (JICA) implemented “The Project for Security Improvement in Karachi Port and Port Bin Oasim” amount of JPY 1.877 billion (approximately Rs2.78 billion), Japan Embassy here announced. -Govt Planning to Develop Bundal Island Karachi & New Blue Area Islamabad The federal government is considering to develop Bundal Island Karachi and New Blue Area Islamabad to address the growing housing need in the country. Prime Minister Imran Khan chaired a meeting on Monday before leaving for a three-day official visit to China. During the meeting, the proposals for the development of the said projects were discussed in detail. -Nestle Inaugurates A New $22 Million Juice Production Plant in Punjab Governor Punjab Chaudhry Mohammad Sarwar has inaugurated a state-of-the-art manufacturing plant in Nestlé Pakistan’s Sheikhupura factory. The company invested $22 million in the Nestlé Fruita Vitals Plant with a production capacity of 24,000 units per hour. While speaking at the occasion, Chaudhry Mohammad Sarwar said that the government’s aim is to create conditions in which foreign companies are attracted towards making new investments. At present, the government is making concerted efforts to revive the nation’s economy. He was really pleased to see that Nestlé, one of the world’s leading food and beverage companies, is making such good progress in Pakistan. Their investment demonstrates and speaks volumes about Nestlé’s trust in the future of Pakistan, he added. -Saudi Arabia agrees to finance Pakistan's Jagran Hydropower Project Pakistan has succeeded in convincing Saudi Arabia to provide a loan of 131.125 million Saudi riyal for the construction of Jagran-IV Hydropower Project. In this regard, the Economic Affairs Division (EAD) has written a letter to the Federal Board of Revenue to exempt imports for this project from customs duty. The letter, signed by EAD Secretary Shaukat Ali, stated that a draft of the loan agreement had been prepared between Pakistan and Saudi Development Fund for the construction of Jagran-IV Hydropower Project and it would be signed by the relevant authorities of the two countries. -ADB approves $2.7b lending to Pakistan in 2019 The Asian Development Bank (ADB) approved a $2.7 billion lending programme for Pakistan for the calendar year, increasing the average borrowing from $1.4 billion per year to $2.4 billion a year. In a statement on Twitter, the ADB said it will provide $2.7 billion in approved financing and Country Operations Business Plan (COBP) 2020-2022 to Pakistan. The regional bank further added that it will leverage lending through the mobilisation of co-financing and funding from other sources including regional concessional resources. “The new COBP will support Pakistan’s development goals and complement efforts by other development partners.” -Azerbaijan plans to start direct flights to Pakistan In light of exponential growth in the number of tourists visiting Azerbaijan from Pakistan, the central Asian country is making efforts to resume direct flights between the two countries. Following a hike in fuel prices in February 2006, Azerbaijan Airlines had halted flights to Karachi along with many other destinations. Later, in 2017, nearly 9,000 people travelled to Azerbaijan. “Some 8,990 people travelled to the eastern country and the number jumped to 41,268 [in 2018], up around 4.6 times,” Azerbaijan Tourism Board CEO Florian Sengstschmid told The Express Tribune on the sidelines of Pakistan Travel Mart held at the Karachi Expo Centre. -Hyundai Nishat Motor to start production in Jan 2020 At a time when Pakistan’s auto sector is going through turmoil and existing players are slashing operational days, Hyundai Nishat Motor (Private) Limited has launched a new car along with a digital store. Ioniq Hybrid, which has a 1.6-litre GDI engine and priced at Rs6.399 million, was unveiled at the digital store on Tuesday. In the store, customers can choose different specifications of the car through a digitised system. “We are starting local production in January 2020,” said Hyundai Nishat Motor Chief Operating Officer Tatsuya Sato while talking to The Express Tribune. He announced that Hyundai Nishat Motor was setting up a new manufacturing facility covering an area of 67 acres in Faisalabad with an annual production capacity of up to 15,000 units. The H-Light trucks will be built with 20% local parts. -Chinese vow to make Gwadar more valuable than Karachi The Chinese operators of Gwadar Port and its free zone have vowed to make the coastal city the single largest contributor to Pakistan’s national economic output in seven years, saying 47,000 jobs will be created for locals with new investments worth billions of dollars. China Overseas Ports Holding Company Gwadar (COPHC) Chairman Zhang Baozhong on Tuesday shared his plans after the government finally stamped 23-year income tax holiday and exemptions of sales tax and customs duties for the Gwadar Port and businesses to be set up at Gwadar Free Zone. “It [issuing of ordinance] is a turning point for Pakistan’s economy and now billions of dollars will be invested in Gwadar,” said the chairman while talking to the media persons. -Govt amends tax laws to promote trade activities at Gwadar port In a bid to promote trade activities at Gwadar port, the government, through a presidential ordinance, has granted tax benefits to Chinese and other foreign firms by introducing certain amendments in the tax laws, Pakistan Today has learnt. Prior to Prime Minister Imran Khan’s scheduled visit to China, the federal government has granted further tax exemptions which in result will promote trade and business activities at Gwadar port. The introduction of the presidential ordinance titled ‘Tax Laws (Amendment) Ordinance, 2019’ is expected to attract Chinese and other foreign investors to the Gwadar port. The Ministry of law and Justice on Monday published Tax Laws (Amendment) Ordinance, 2019, for general information, which was promulgated on Sunday by the President Dr Arif Alvi. According to an available copy of the presidential ordinance, “The Senate and National Assembly are not in session and the President of Pakistan is satisfied that circumstances exist which render it necessary to take immediate action.” -Nearly 48% of Pakistan’s electricity came from non-carbon-based sources in August 2019 It appears to be a contradiction, but it is true nonetheless: in August 2019, nearly half of Pakistan’s electricity came from sources that do not produce greenhouse gases, yet the country’s energy mix is not necessarily getting any cleaner. According to data released by the National Electric Power Regulatory Authority (NEPRA), the proportion of electricity that Pakistan derives from non-carbon-based energy sources – defined as hydroelectricity, nuclear, solar, and wind power – hit 47.7% of the total electricity generated in the country, likely an underestimate as the vast majority of solar electricity production in Pakistan is not connected to the grid and thus not measured by NEPRA. This number, of course, is inflated by the fact that the summer months typically tend to have much higher generation of hydroelectricity as the glaciers that feed the Indus River and its tributaries melt and make more water available in the dams. And this year, hydroelectric power generation increased by even more than usual. “The recent torrential downpours have been a significant contributor to higher hydroelectric power generation in recent months, as August 2019 marked the fourth consecutive month of hydroelectric domination in the energy mix,” wrote Ali H. Zaidi, a research analyst at JS Global Capital, an investment bank, in a note sent to clients on September 27, 2019. -Govt mulls manufacturing of mobile phone devices in Pakistan In a positive development, the government has decided to facilitate the assembly and manufacturing of cellphones in the country. According to the Engineering Development Board (EDB) officials, a draft Mobile Device Manufacturing Policy is being finalised to develop and promote mobile devices manufacturing in Pakistan is being finalised as part of the government’s Electronic Products Manufacturing Initiative (Make in Pakistan). The locally-assembled or manufactured mobile phones would replace the costly imported sets, as tariff structures for local assembling and manufacturing would be lowered, they said, adding that the manufacturing of smartphones will not only lower the import bill but will also create employment opportunities in the country. As per the officials, consultations were held with the local representatives of multinational cellular phone set companies and their market players, including dealers, to formulate the draft policy. -Azerbaijan shows interest in investing into Pakistan’s energy sector Azerbaijan on Tuesday showed interest to sign a long-term LNG supply agreement with Pakistan to serve the market that sees double digit growth annually in the fuel import. Businessmen of Azerbaijan expressed keen interest in oil and gas exploration activities as well as opportunities in the LNG infrastructure in Pakistan and offered LNG supplies on a long-term basis. A delegation of businessmen, led by Ambassador of Azerbaijan Ali Alizada, met with Minister for Energy Omar Ayub Khan. “They expressed particular interest in oil and gas exploration activities in Pakistan along with offering LNG (liquefied natural gas) supplies on a long-term basis and opportunities in the LNG infrastructure of the country,” an official statement said. -Tough economic reforms bearing fruits: Dr Hafeez Shaikh Owing to the tough economic reforms introduced by the government, twin deficits including current account and fiscal deficits reduced significantly during the first quarter of the financial year 2019-20. This was stated by Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh during a press conference on Saturday. Federal Board of Revenue (FBR) Chairman Shabbar Zadi was also present on the occasion. The adviser said that the economic reforms have gradually started showing positive results and that all macro-economic indicators showed resilience during the first quarter of current financial year. Owing to these reforms, the current account deficit shrank by 35pc, as it came down from $9 billion to $5.7 billion in 1QFY20, he added. “The government did not borrow any money from the State Bank of Pakistan nor released any supplementary grant in order to ensure strict adherence of fiscal discipline.” He said the non-revenue income was recorded at Rs406 billion, a growth of 40pc compared with the same period of last year. “Non-revenue income was expected to reach Rs1,600 billion as against the set target of Rs1,200 billion.” The net portfolio investment increased by $340 million which also helped restore the confidence of foreign investors, he said, adding that exports that were stagnant from the last five years, had also witnessed growth. -‘Dubai Land Department to provide details of Pakistani property owners’ Federal Board of Revenue Chairman Syed Shabbar Zaidi said on Friday that the tax authority has held a very productive meeting over October 9 and 10 with UAE officials on the exchange of information regarding property owners. UAE has agreed to share details of the properties owned by 500 non-Iqama holder Pakistani nationals that will provide valuable information to the tax machinery as it remains unable to effectively utilise the previous offshore information. Both the countries also agreed to renegotiate the Pak-UAE avoidance of double taxation treaty that would also help remove irritants in cooperation in areas of taxation. -Govt urged to realise country’s tourism potential Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Engr Daroo Khan Achakzai said on Saturday that Pakistan could cope with the ongoing economic crisis by focusing on tourism, which has a huge potential and is one of the fastest-growing sectors in the world. He expressed these views while congratulating Discover Pakistan CEO Dr Kaiser Rafique for launching the first-ever tourism channel in Pakistan during a meeting in which United Business Group (UBG) Chairman Iftikhar Ali Malik was also present, according to a statement issued by the chamber. Paying rich tributes to those who were working for the promotion of the tourism sector, the FPCCI president said that a little help from different government departments could do miracles for the revival of tourism in Pakistan. “The tourism industry of Pakistan has the potential to turn the country into a hub of economic activity as the total contribution of the industry in the global economy is more than $7.58 trillion,” he added. -SBP reserves increase $16m to stand at $7.75bn The foreign exchange reserves held by the central bank inched up by 0.21pc on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On October 4, the foreign currency reserves held by the SBP were recorded at $7,757.6 million, up $16 million compared with $7,741.6 million in the previous week. The report cited no reason for the increase, which had fallen below the $8 billion mark. The overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $14,992.9 million. Net reserves held by banks amounted to $7,235.3 million. -AEDB approves renewable energy policy draft The Alternative Energy Development Board (AEDB) has unanimously approved the draft Alternative Renewable Energy (ARE) Policy 2019. The 46th board meeting of the AEDB was held under the chairmanship of Energy (Power Division) Minister Omar Ayub Khan on Thursday. Power Division Secretary Irfan Ali and all the provincial energy secretaries were present on the occasion. The AEDB Board deliberated upon the draft ARE Policy 2019, which was prepared by the board in consultation with the public and private sector stakeholders, including provincial government agencies. The representatives of provincial governments and other board members provided their inputs on the ARE Policy 2019 draft. A consensus was developed on several inputs and suggestions given by the provincial representatives aimed towards improving the policy framework. -Germany to grant €23.4m for social sector reforms in Pakistan Germany will provide a technical grant of 23.4 million euros (Rs3.9 billion) to Pakistan in order to help the latter implement social sector reforms. In this regard, a Technical Cooperation Agreement was signed on Thursday between Economic Affairs Division Secretary Noor Ahmed and Ambassador of Germany to Pakistan Bernhard Stephan Schlagheck under the Pakistan-Germany Development Programme. Economic Affairs Minister Hammad Azhar was also present on the occasion. As per a statement issued by the division, the technical assistance would be extended to projects related to social protection, technical and vocational education, local governance and labour standards in Pakistan’s textile industry. “These schemes are in line with the priority areas of the government and are geared towards impacting the lives of the common people,” it added. -England’s Royal Couple to Visit Pakistan on 14th October The royal couple, Prince William and Kate Middleton, are scheduled to visit Pakistan this November. The two are expected to land on 14th October and they will meet Prime Minister Imran Khan and President Dr. Arif Alvi on 15th October. The couple is expected to return on 18th October after visiting Lahore and Chitral on 16th and 17th October respectively. Reportedly, PM Imran had invited the couple to visit the northern areas in Pakistan which was heartily accepted. The visit is of great significance for Pakistan as the incumbent government is making efforts to promote tourism in the country. A successful visit by the royal couple could set things in motion for Pakistan, which is trying hard to convince foreigners to discover its beauty. England Cricket Board Chief Executive, Tom Harrison, who recently visited Pakistan to assess the security measures in the country is hopeful for England’s visit to the country in 2022. The royal trip might improve the chances that happening as well. -Remittance Inflows Show a Minor Improvement in September 2019 Remittances sent by overseas Pakistanis have registered a growth of 3.4 percent to Rs. 1.74 billion in September as compared to August. The remittance inflows are 17.6% higher than in September 2018. The country-wise details for the month of September 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US$ 420.88 million, US$ 363.34 million, US$ 281.91 million, US$ 264.89 million, US$ 162.77 million and US$ 53.20 million respectively. -Pakistan Post Announces Debit Cards for Pensioners Federal Minister for Postal Services and Communication Murad Saeed has announced that Pakistan Post will distribute debit cards among its pensioners by the end of this year. The minister said that all pensioners of the national postal will get the facility by December 25. Murad announced this today while addressing a ceremony celebrating the 145th Wold Post Day at Postal Staff College. He mentioned that the debit card facility will save elderly retired officials from standing in long queues. Besides, it will also make the encashment process easy for them. “This service will help boost the revenue for the post besides pointing out the ‘Ghost Pensioners’ of the department,” he added. The minister also announced 35,000 internship opportunities for youth where they can earn an extra amount by registering themselves with Pakistan Post for ‘Pick and Deliver’ services. -Murad Saeed Announces Internship Program for 35,000 Youngsters On the directions of Prime Minister, Imran Khan, Pakistan Post has started its internship program for youth. In a video message, the Federal Minister for Postal Services, Murad Saeed has said that the first session will begin from 4th November and more than 35,000 youngsters will benefit from the program. The program will initiate from 1200 post offices across the country where the young people will learn different skills that can help them start their own businesses or be a part of the Prime Minister’s Kamyab Jawan scheme. -Govt to Develop Dharabi Lake as a Tourist Spot Sardar Usman Buzdar, Punjab’s Chief Minister, made a surprise inspection of Dharabi Lake in District Chakwal whilst journeying from Islamabad to Lahore on a helicopter. He scrutinized the actions being done to promote tourism in the area. The CM, while remarking on the occasion, said that the lake will be established as a tourist-spot adding that a rest-house will be built along with link roads. He further stated that the hatchery sector will be strengthened alongside the promotion of water sports activities in this lake. The Chief Minister hoped that this would enhance tourism along with financial opportunities. The rise in tourism-related activities will expand economic opportunities and this would lead to the development of the area the improvement of road networks, he added. -1,392 new companies registered with SECP in September 2019, 96% of whom Used SECP’s eService to Get Registered The Securities and Exchange Commission of Pakistan (SECP) has registered 1,392 new companies in September 2019, raising the total number of incorporated companies to 105,407. During September 2019, 96% of the companies were registered online through SECP’s eService and 50% of the companies were incorporated on the same day. It is to be noted that 85 of foreign applicants completed the registration from overseas using the eService. The digital solutions deployed by the Securities and Exchange Commission of Pakistan (SECP) has made company registration and post-incorporation compliance simpler, faster and cost-effective. September’s incorporation comprises of 69% private limited and 27% single-member companies. The remaining 4% companies include public unlisted companies, trade organizations, foreign companies, Limited Liability Partnership (LLP) and not for profit associations.
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The early days, when I began posting random links to good news A continuation, when my compilations got longer Part 1 of this series Part 2 Part 3 Part 4 Part 5 Part 6 Part 7 Part 8 Part 9 Part 10 Part 11 Part 12 -PM Imran Khan to make historic address to 400 Chinese companies and businessesmen at Shanghai Forum Prime Minister Imran Khan will address the Chinese and Pakistani Business Community at the Pakistan Trade and Investment forum to be held in Shanghai on 5th November. The Prime Minister will highlight the Economic Potential and priorities of the New Government in his address. Over 400 Chinese Companies and Businessmen have been invited to attend the forum and they will be offered to take advantage of investment friendly Policies of the present government. -PM Imran Khan may sack few incompetent ministers Prime Minister Imran Khan may sack few unproductive ministers from the cabinet. He said on Tuesday that there is no place for incompetent ministers in the cabinet. The PM held meeting with provincial ministers in Lahore, where he said that opposition’s work is to criticise while the government’s role is to serve. -Top French companies want to invest in Pakistan, reveals Ambassador Top French Companies have expressed interest in making investment in Pakistan Power Sector Ambassador of France to Pakistan Marc Baret has revealed. He called on Federal Minister for Energy (Power Division) Omar Ayub Khan here on Monday and informed him that two leading French companies wanted to invest in the power sector of Pakistan. -Pakistan seeks EU’s support for economic prosperity Law and Justice Minister Barrister Dr Muhammad Farogh Naseem said on Tuesday that Pakistan direly needs the support and cooperation of European Union (EU) for economic stability and prosperity in the country. Talking to a seven-member delegation of the European Parliament Committee, headed by Jean Lambert, Barrister Farogh Naseem said steps were being taken to ensure witness and judicial protection for effective dispensation of justice in Pakistan. -‘New CPEC projects to help end Pakistan’s trade disparity’ Ever since the launch of China-Pakistan Economic Corridor (CPEC) framework, cooperation between the two all-weather friends had increased manifold, said Pakistan Ambassador to China Masood Khalid on Tuesday. “Now, the commencement of new projects in the agriculture sector under the CPEC would enhance economic development in Pakistan,” he said in a media interview ahead of Prime Minister Imran Khan’s official visit to China. Masood Khalid lamented that Pakistan had not taken benefit from its agriculture sector, which was vital for its economy, adding that efforts were being made to introduce drip irrigation, mechanized farming and hybrid seeds for upgradation of the agriculture sector. In the education sector, around 25,000 Pakistani students were studying Chinese language and other subjects in universities of China, he informed. “They are the true ambassadors of Pakistan and will play a key role in further cementing Pak-China relations in future,” he added. -School principal in Peshawar handed 105 years in prison for child abuse, rape Self-explanatory, you guys know how I feel about stuff like this. Pure and simple execution. -Spirit of Math to launch World Mathematical Olympiad in Pakistan Canada’s premier and largest after-school math program for high-performing students, recently invited prominent educationists, key decision makers from the education industry, and private school owners in Pakistan to a focus group discussion. Dr Murad Raas, Minister for Education in Punjab, was the chief guest at the event. Nathan Langen, Director of Business Development for Spirit of Math, announced the launch of World Mathematical Olympiad (WMO) in Pakistan during the event. -CPEC: Federal government has decided to expand base Planning Minister Khusro Bakhtiar says the base of China-Pakistan Economic Corridor is being expanded with inclusion of agriculture sector under this framework. -Pakistan’s first five year trade policy "Strategic Trade Policy Framework 2018-23 to be launched The government plans to announce Pakistan’s first five-year trade policy “Strategic Trade Policy Framework (STPF) 2018-23″. It will enhance the country’s trade by addressing various issues of all stakeholders, a senior official of the Ministry of Commerce told APP here Tuesday. -PM Imran Khan can fetch $3.8 billion per annum with a single decision in China visit Pakistan Business Council has proposed plan for exports increase of $3.8 billion with China. PBC has asked that Prime Minister Imran Khan visit to China should recommend preferential duties on Pakistani products, if approve could harness nearly $3.8 billion additional exports per annum. Pakistan Business Council in a letter written to Andul Razzak Dawood, advisor to the Prime Minister preferential tariff to increase exports to China . The Government of China has granted favourable tariff regime for Bangladesh and ASEAN. Bangladesh is part of China’s LDC (Least Developed Countries) scheme which allows it duty free access on 97 percent of the tariff lines. Pakistan Business Council said that the export potential is measured as the difference between what China currently imports on these lines from Pakistn and its total imports from the world, subject to Pakistan’s current capacity to supply, as measures by its total exports of same line to the world. Out of hundreds of products handled by Pakistan, China , ASEAN and Bangladesh, Pakistan Business Council took 25 products which includes milled rice polished and glazed, fish, trousers for men and women, yarn of different thickness, shirts, t-shirts, leather jackets, cotton yarn etc. -Proposal to defer privatisation of PIA, PSM to be tabled tomorrow The Board of the Privatisation Commission has prepared its five-year plan, proposing to defer the sale of large, loss-making state-owned companies Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM). PC Chairman Mohammad Mian Soomro convened a meeting on Tuesday where the board conducted a review of the privatisation programme and finalised entities to be included in the list of active privatisation programme. According to a press release, the review was conducted after consulting all relevant ministries and due consideration was given to feedback provided by them. The board decided to approach relevant investigative bodies in order to recover the outstanding Rs3.9 billion dues from the buyers of state-owned entities privatised in the 1990s, said the press release. Sources claim that the board has decided to delay the privatisation of Pakistan Steel Mills, the country’s biggest industrial complex, and PIA, the loss-making national airline. Confirmed here: PIA privatisation: PTI government takes the final decision PTI government has taken the final decision of not privatising the Pakistan International Airlines. Continuing on from that: Federal government likely to privatise at least 20 state entities The federal government has approved five years plan for the privatisation of the state entities. Government has reportedly decided to privatise at least 20 state institutions in its bid to address economic depletion. Sources close to the development said that the Privatisation Commission has approved a five-year plan to dispose of loss-making state-owned entities. -Iranian Ambassador holds meeting with Foreign Minister Qureshi Iranian Ambassador to Pakistan, Mehdi Honardoost called on Foreign Minister Shah Mahmood Qureshi in Islamabad this evening. -Interest free loans for educated youth: PTI government allots Rs 5 billion Khyber Pakhtunkhwa government has allocated five billion rupees for giving interest free loan to educated youth for starting their own business. A spokesman of the provincial government told Radio Pakistan Peshawar that any graduate youth belonging to Khyber Pakhtunkhwa up to 30 years of age are eligible to apply for obtaining loan. The last date for submission of application for the loan is 15th of next month. -PSX gains 155 points amid volatile trading After putting up a confused show on Tuesday, the Pakistan Stock Exchange (PSX) managed to end the session in green. The mood of foreign investors has not changed yet, ending as net sellers on Monday with a net outflow of $9.31 million. The KSE 100 index declined by 87.18 points to touch an intraday low of 41,366.58 minutes after the session commenced. It then reached an intraday high of 41,792.81 after gaining 339.05 points, before settling higher by 155.27 points at 41,609.03. The KMI 30 index appreciated by 211.76 points to settle at 71,722.57, while the KSE All Share index fell short by 19.47 points at 30,159.44. Out of the total traded scripts, only 136 advanced while 217 declined. -4 billion US dollar oil refinery to be build by friendly country in Pakistan A US$ 4 billion oil refinery is being build by UAE in Pakistan. As per the media report US$ 4 billion is being invested by the United Arab Emirates to build coastal refinery near Hub power plant. UAE investment company Mubadala has started its work with Pakistan’s energy company Pak-Arab Refinery Limited (Parco). He was addressing the business community of Pakistan at a gathering organised by Pakistan Business Council Dubai. -CJP Promotes Population control, taskforce will enforce counselling ahead of Nikah Sterilise the Bhuttos. The task force constituted by the Supreme Court to reduce population growth has recommended that pre-marital counseling on family planning should be made mandatory for Nikah registration. It has also proposed to hold an Ulema summit on the issue on a regular basis. -International automaker to setup huge auto assembly plant near Lahore China is planning to set an auto assembly plant near Lahore under the Pakistan Auto Policy 2016-21. King Long United Automotive Industry in joint venture with Shine Autos plans the assembly plant to produce commercial vehicles, both buses and trucks at the plant. “Initially, the JV plans to produce three types of commercial vehicles, including commercial vehicle with capacity of 15 passengers, buses with capacity of 58 passengers, and mini truck of different capacities,” the document noted. -Pakistan among 18 countries to participate in China import fair A total of 18 countries’ leaders will be coming to next week’s major import expo in China’s commercial hub of Shanghai. Set to run from Nov 5 to Nov 10, the China International Import Expo will bring together thousands of foreign and Chinese companies, aiming to boost imports, allay foreign concern about China’s trade practices and show readiness to narrow trade gaps. -PTI government takes an unprecedented step in government hospitals Pakistan Tehreek-e- Insaf (PTI) led Khyber Pakhtunkhwa government has taken an unprecedented step in government hospitals. PTI government has banned staff at public health facilities from using smartphones and tablets. Minister of Health Khyber Pakhtunkhwa issued a notification on Tuesday that states staff use their smartphone and electronic devices indiscriminately, resulting in compromise on services which leads to ethical, technical and practical issues at workplaces. -PM Imran Khan arriving in Lahore on official visit Prime Minister Imran Khan is arriving in Lahore on a one-day tour on Tuesday. He will preside over several meetings, including a meeting on 100-day plan. He will also review the preparations for the ongoing housing projects in 16 cities. -Unregistered mobile phones: Federal government takes an important step The government is initiating regulatory duty (RD) along with penalty on unregistered mobile phones. According to the law, once the mobile phone gets blocked then can only be unblocked by completion of Regulatory duty (RD) payment along with the penalty at the nearby customs point. As per data, it is predicted generally that almost $1.5 billion revenue loss is tolerated by the government exchequer per year due to trading of illegal phones in the market . -Country’s economic woes to end over next few months: President President Dr Arif Alvi has expressed the optimism that there might be some economic difficulties over the next few months, but after that Pakistan would change. “Pakistan has a brilliant and bright future. There is a need to promote tourism coupled with improvement in health and education sectors. With few months of difficulties, Pakistan will change and is about to change,” he said in an interview with a private news channel on Monday night. -Country cannot recover from fiscal crisis without bailout: Asad Umar Finance Minister Asad Umar on Tuesday clarified to the Lower House that the country cannot recover from the current fiscal crisis without securing a bailout. “We had said even before elections, we need a bailout,” he added. Similarly: Asad Umar defends move to approach friendly countries, IMF for financial assistance Mr Umar rebuffed the impression that the government’s vacillation on the IMF programme had spawned the stock market crash and told the house that the KSE-100 benchmark index had nosedived by 15,000 points even when the previous PML-N administration was in power. Finance Minister Asad Umar while speaking in the National Assembly on Tuesday defended the move to approach friendly countries as well as the IMF for assistance so it wouldn’t be dependent on any single source. -Master group wins bid to setup 99MW hydropower project Master Hydro Power in conjunction with Chinese Huadong Engineering Corporation (CHEC) has won a bid to set up a 99MW hydropower project in Chitral, an official document disclosed on Tuesday. This was the first project to be won on the competitive bidding process and is set to build as an independent power producer on a built-own-operate-transfer basis According to Pedo (The, um, Pakhtunkhwa Energy Developmetn Organisation), the bid submitted by Masters Textile Limited and CHEC was greatly responsive in respect of “completeness, competitiveness, reasonableness and has the lowest rank" -PM Imran's visit to open new chapter of bilateral ties: Beijing Beijing said on Monday that Prime Minister Imran Khan’s upcoming trip to China will provide an opportunity for leaders of the two countries to open a new chapter of bilateral relations. The statement was made by the spokesperson for China’s Foreign Ministry Lu Kang while briefing the media on PM Imran’s maiden visit to China scheduled to begin November 2. -Jumpstart to Organize ‘Lift Pakistan’ From 11th to 16th November JumpStart Pakistan is arranging a week-long conference – “LIFT Pakistan” – scheduled to be held from November 11th – 16th. The activities during the initial 3 Days (11th, 12th & 13th November) will take place at 20 different venues within Rawalpindi and Islamabad following with 2 Days (14th & 15th November) Main Conference at Jinnah Convention Center, Islamabad and 1 Day (16th November) think-tank meetings for policy recommendations and a Gala Dinner. JumpStart Pakistan (JSP), in essence, is an innovative movement initiated since 2014 to create, nourish and promote startups from all over Pakistan and provide support structures enabling their survival through to growth phase. Thus, ensuring entrepreneurial stability in the country but also creating quality jobs to share in the increased prosperity. “LIFT Pakistan”, which will attract over 20,000 delegates, including top Global Influencers and Capital Providers, Corporate, Students and Academia Representatives, to engage and participates as potential stakeholders to leverage the immense potential of Pakistan by portraying an image of emerging Pakistan in front of the entire world. -Govt Announces To Provide Food, Shelter to Homeless People Prime Minister Imran Khan on Tuesday announced to initiate a project for the needy and homeless people, who are compelled to spend nights on the streets under the open sky. He made this announcement during a meeting with a delegation of World Memon Organisation in Islamabad. PM Khan stated that the government is working on a new project to facilitate the poor, needy and homeless people of Pakistan as per pre-election commitments. He said the project would aim at providing two meals and shelter to needy people who are forced to spend nights on footpaths. At first, the government will launch the pilot project in Lahore. Under the plan, five shelter homes will be built on state land. This would be a temporary-staying facility for the needy people and will also provide two-time meals, he explained. -KIA Motors to Start Making Cars in Pakistan Next Year South Korean automobile giant, KIA Motors, has partnered with Pakistan’s Lucky Cement in a joint venture to start car production in the country. It has been revealed that the establishment of the assembly plant and machinery is at an initial stage and the company has not applied for manufacturing certificate. Our sources have confirmed that the company will tentatively start producing cars locally during the fiscal year 2019-20. -Pakistan Proposes a ‘Visa-free Regime’ Among Asian Countries Acting President, Muhammad Sadiq Sanjrani, has proposed a visa-free regime among Asian countries. He also emphasized the need for substantial and practical steps to materialize the dream of an Asian Parliament. He said that we need to move forward by introducing a visa-free regime for Asian countries. The Acting President, on the sidelines of Asian Parliamentary Assembly Standing Committee on Political Affairs and Special Committee on Creation of Asian Parliament, held meetings with a parliamentary delegation of Turkey, Bahrain, East Timor, France, Iran, Inter-parliamentary Union and APA Secretary-General and others. -President Arif Alvi to Inaugurate Dhabeji Express Tomorrow Federal Minister for Pakistan Railways has announced the launch of a new train, the Dhabeji Express, which will be formally inaugurated by President of Pakistan Dr Arif Alvi tomorrow. -Lahore Police to Fine Bikes Without Side Mirrors From November 1st Lahore Police is set to make the city’s traffic more safe and secure, and has introduced a number of regulatory changes to improve its control over the metropolitan’s traffic. -Turkey assures Pakistan it's fill support in testing times Turkey assures Pakistan it's full support in the testing times. President Dr Arif Alvi and President Recep Tayyip Erdogan decided to further enhance mutual cooperation between the two brotherly countries for further deepening bilateral relations in all fields. This was agreed between the two leaders in one to one meeting in Istanbul.
Exactly! Neither do I get the NIMBY cat lady getting mad about the dearth of “human rights” in China and the pollution from suicide-inducing/suicide-net-remedying Foxconn iPhone factories inducing climate change hurting her precious outdoor organic garden, especially when she is Forbes family aspirant esque trust-funded with Imperial/Colonial exploitative North River Oufitters /navyblazer ever-MGH-elitest-level-medical-standards-of-care by Bach/Mozart/Beethoven classical way through the Bose-128-office-park-route-9-corporate-informerical-acoustic-clientele-attending-Symphony-Hall-musical-chair ‘house-sitting’ intra-referral gigs (..no different than the traditional age-old cultural practices of Chinese red-envelope-giving) thus infantalizing money-bored trustfund Old Money Industrialist/New England Establishment-Anglo-Sino Opium with Russell Crowe-starred cinematically theatrical Hollywood film-adaptationization Miramax Films-backed ‘Master and Commander’ moviesque masterpiece profitable/European descent Old Money Jew antiquing/larger-than-some-squirrel’s-nut-size-on-the-Instagramable-infamous-Acorn-cobblestone-street (next to Anna’s Tacqueria) gemstone with 24-carat-white-gold-magic GA paperwork certification for Lloyd’s London insurance policy’d USPS Registered Mail-only’d-using fine asf jewelry trading-merchants as she gets riled up with her Victorian era Jane Austen majesty cries over the alleged neoliberal characterizations of so-called “slave labor” conditions as she bestows, again, Daimler Chrysler Mercedes-Benz peace-sign holier-with-thou virtuousness to her obnoxious hypocritical now-limousine liberal lineage descendants who enjoy the ultra-luxe Boston Common Magazine/Improper Bostonian Millennium Tower high-rise with the One Dalmatian Four Season Tower under highly anticipated finalizing construction, high-lyfe as the new /Boston transient-gentrifying poors selectively cherry-pick-argue that his Allston/Brighton rent to some Palestine-Lebanese-Arab-owning Alpha Management is “too damn high” directly correlation-attributing because of reading and citing Boston Globe record-sniffing investigative article about discovering that some allegedly illicit-corrupt-money foreign Chinese national bought some 8 Fung Shui-energy-approved corner-units on behalf of his “clients” under a supposedly identity-concealed shell-corporation (just as Harvard University did since the 80s in Allston to build their $1Bln lifesciences complex today; and Disneyland in ever-FBI-expanding Dan Bilizerian ultra-corrupt state of FloridaMan) when century-plus immigrant Toisan/Cantonese “Overseas Chinese” Chinatown diaspora, which, surprising to many, is an actual neighborhood in Boston (that is imminently minutes-away pedestrian-and-MSPCA-designer-dog-rescued walkable to devoutly 18th-century Victorian era brownstone of formerly land-infilled South End that is modeled after the high-brow original-Brahmin-gangsters of Back Bay and Beacon Hill neighborhoods) with city council representatives and Abrahamic religious churches/service for the local Chinese/Catholicism for the Vietnamese-Cantonese/Hakka, being displaced with then-Carter-Petrodollar-allied Saudi Gulf Arab nation NYMEX/WTI light-sweet Armaco crude oil traded Royal Family welfare’d Autobahn-computer-simulating students who lounge their winter-beater BMW/Benz in-front of Jaho coffee+wine bar ground-level floor of questionably ever-encroaching Emerson College “Theater District neighborhood” boundaries situating Kensington luxury apartment rentals [which is “tbh” Pumpkin Spice latte basic-bitch luxe compared to Dom Perigean-toasting Dubai with Luxy/Seeking Arrangement sugar-dating Slavic Caucasians of Russian Federation and NYU/BU-attending now-NEU-trending self-proclaimed ‘biddy’ hypocritical feminist egalitarianism-promoting—but highly Dorchester-neighborhood-Scooby-Methadone-Mile-Doobie-Do-scared-...but-“lit-asf”—escorting sugarbabes/-hoes) in hypocritical OG-mansionville deliberate sensibly politically correct uppity-buppity-yuppity-huggity-snuggity-puppity super-duper-safe-word-using apart of the quintessential Ernie Boch Jr. “route 1 on the auto-mile!” commercial-television-catchy jingle-my-New-England-tingles now-China-Geely-owned Swedish-Viking-blonde-attractive-genes-artistocratic-tokenized-inclusive-marriage-exception-WASP-blue-blood-pedigree-self-selected-aristocratic-inbreeding-exempted Volvo-family-driving W-eston towns with intergenerationally passed-down-inherited unrecognizable to post-Mao-Zedong Cultural Revolution’d Mandarin-nationalized/Cantonese-dialectialized/Toisan Yue Cantonese subdialectalized Taishan original village-laborer peasant immigrant gentrified Chinatown/Malden/Quincy plebs Tiananmen Square eye-watering/squinting humanitarian-crisis atrocities-filled social-injustices-laden mention-invoking ultra-preserved, supremely collected, and highly possessed fine-China-wares of The Commonwealth/Massachusetts/..Canadian-accented Internet-reporting sensationalized: “Massachoosetts” where they together tend to their Judeo-WASP-aspirant Ralph Lauren high-performance pedigreed equestrian my-little-ponies-turned-polo/cricket-OTB-champions.
World's longest non-stop commercial flight lands in New Zealand
This is an automatic summary, original reduced by 35%.
The world's longest commercial flight landed in New Zealand on Monday with the arrival of Qatar Airways's 14,535km Doha-Auckland service. "We've officially landed in Auckland," the airline tweeted as flight QR920 landed at 7.25am, five minutes ahead of schedule after a flight lasting 16 hours and 23 minutes. Qatar Airways noted the flight was longer than the entire "Lord of the Rings" and "The Hobbit" trilogies which were filmed in New Zealand. New Zealand Trade Minister Todd McClay said the estimated economic impact of the new service "Will be well in excess" of NZ$50m with the increased freight capacity provided. In March last year, Emirates airline launched what was then thought to be the world's longest non-stop scheduled commercial flight, with a service from Dubai to Auckland, spanning 14,200kms. Air India's Delhi-San Francisco flight claims the world's longest by flying distance but when measured on the surface of the earth Doha and Auckland are further apart.
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World's longest non-stop commercial flight lands in New Zealand - Qatar Airways flight from Doha to Auckland arrives after 14,535-kilometre trip which took 16 hours 23 minutes.
This is an automatic summary, original reduced by 35%.
The world's longest commercial flight landed in New Zealand on Monday with the arrival of Qatar Airways's 14,535km Doha-Auckland service. "We've officially landed in Auckland," the airline tweeted as flight QR920 landed at 7.25am, five minutes ahead of schedule after a flight lasting 16 hours and 23 minutes. Qatar Airways noted the flight was longer than the entire "Lord of the Rings" and "The Hobbit" trilogies which were filmed in New Zealand. New Zealand Trade Minister Todd McClay said the estimated economic impact of the new service "Will be well in excess" of NZ$50m with the increased freight capacity provided. In March last year, Emirates airline launched what was then thought to be the world's longest non-stop scheduled commercial flight, with a service from Dubai to Auckland, spanning 14,200kms. Air India's Delhi-San Francisco flight claims the world's longest by flying distance but when measured on the surface of the earth Doha and Auckland are further apart.
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