US Finally Agree to Sell Pakistan $450 Million Worth of F-16 Equipment

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US Finally Agree to Sell Pakistan $450 Million Worth of F-16 Equipment

US Finally Agrees to Sell F-16’s Equipment Worth $450M to Pakistan

The Pentagon reported on Thursday that the USA had approved a potential $450 million sale to give Pakistan services to maintain its fleet of F-16 fighter jets.

The State Department has committed to approving a potential sale of F-16 Case for Maintenance and support and related equipment to the Government of Pakistan for an estimated $450 million, according to news release from Pentagon on Wednesday.

According to the news report, the package includes engineering, technical, and logistics support for Pakistan’s F-16 fleet from the US government and service companies.

According to the release, this sale does not give Pakistan any new capabilities, weapons, or military equipment.

The Pentagon highlighted the importance of this sale in maintaining Pakistan’s connectivity with US forces and alliance partners in the ongoing antiterrorism campaign.

The principal contractor can be Lockheed Martin Corp(LMT.N), the Pentagon said. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale.

The Government of Pakistan has requested to consolidate prior F-16 sustainment and help cases to help the Pakistan Air Force F-16 fleet by reducing duplicate case activities and including additional continued support elements. Included are US government and contractor engineering, technical, and logistics services for follow-on support of Pakistan’s F-16 fleet to include:

  • Participation in F-16 Aircraft Structural Integrity Program
  • Electronic Combat International Security Assistance Program
  • International Engine Management Program
  • Engine Component Improvement Program, and other technical coordination groups
  • Aircraft and engine hardware and software modifications and support
  • Aircraft and engine spare repair/return parts
  • Accessories and support equipment
  • Classified and unclassified software and software support
  • Publications, manuals, and technical documentation
  • Precision measurement, calibration, lab equipment, and technical support services

Renowned Educationist Politician Hunaid Lakhani Passed Away in Karachi

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Renowned Educationist Politician Hunaid Lakhani Passed Away in Karachi

Renowned Educationist, Politician Hunaid Lakhani Passed Away in Karachi

KARACHI: Renowned educationist and politician Hunaid Lakhani passed away on Thursday at a hospital in Karachi. He was 49.

As per the details, Lakhani, the founder and chancellor of Iqra University, was affected by the dengue virus. He was present process treatment at a hospital in Karachi but was unable to recover, sources in his family said.

His funeral prayers will be offered at Masjid-e-Saheem in Khayaban-e-Rahat on Friday after Asr prayers in Karachi.

Following news of Lakhani’s untimely death, a number of academics and politicians, together with Pakistan’s president expressed condolences.

It is pertinent to say here that Lakhani and PTI MNA Alamgir Khan laid down the foundation of the FIXIT organisation.

Condolences pour in

Expressing his deep grief over his demise, President Arif Alvi prayed for the departed soul. “We must remember through these incidents that life is uncertain and short,” Alvi said.

“Very sad to hear about my friend Hunaid Lakhani’s passing, Chairman & Founder of Iqra University,” he said.

Pakistan Beats Afghanistan, To Sets Asia Cup Final Against Sri Lanka

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Pakistan Beats Afghanistan, To Sets Asia Cup Final Against Sri Lanka

India Out As Pakistan Beat Afghanistan To Set Up Final With Sri Lanka in Asia Cup 202

PAK vs AFG: Chasing a target of 130, Pakistan held their nerves to beat Afghanistan by one wicket and qualified for the final of the Asia Cup. With 11 needed off the final over, tail-ender Naseem Shah hit two consecutive sixes to break Afghanistan hearts.

Pakistan will take on Sri Lanka in the final on Sunday. Earlier, Haris Rauf bowled a wonderful spell as Pakistan restricted Afghanistan to 129 for six in the ongoing Asia Cup Super 4 clash at the Sharjah Cricket Associations Stadium.

Haris returned figures of two for 26 as Afghanistan failed to capitalise on a strong start given by openers Hazratullah Zazai and Rahmanullah Gurbaz.

Apart from Rauf, Naseem Shah, Shadab Khan, Mohammad Hasnain and Mohammad Nawaz also bagged a wickets each. For Afghanistan, Ibrahim Zadran performed an important 35-run cameo while Zazai also scored

Ismail Predicts Relief in Oct with Lower Inflation and Energy Bills

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Ismail Predicts Relief in Oct with Lower Inflation and Energy Bills

September can be tough, inflation and electrical energy payments will lower in October, Miftah Ismail

Federal Minister of Finance Miftah Ismail introduced the information of happiness and sadness to the citizens across the country. Miftah Ismail informed the good news of reduction in inflation in October and informed that September is the most tough month.

Federal Minister of Finance Miftah Ismail, while addressing a seminar on the country’s economic situation in Islamabad, said that inflation will decrease in October and electricity bills will also decrease, but the month of September will be tough.

Miftah Ismail said that the debt of 21 billion dollars has to be paid this fiscal year, tough decisions had to be made to save the country from bankruptcy, when he came to the government, he knew that tough decisions must be made.

The finance minister further said that 10 to 12 lakh overseas Pakistanis send remittances worth 39 billion dollars, many claims are made however our exports are less, the government has taken loans from private banks at 15 percent.

When our government was formed, there was a debt of 44 thousand billion rupees, we had a current account deficit of more than 12 billion dollars, a total of 36 billion dollars was needed during the current fiscal, sales tax was not increased, revenue tax elevated by 38 p.c. However, it isn’t tough to convey development however there needs to be regular development.

Miftah Ismail says that the G20 international locations have deferred loans value 5 billion dollars, 70 billion rupees have been given to flood victims, I’ll talk to the IMF about the flood this evening.

On the instructions of the Prime Minister, 3 lakh tents worth 10 billion 20 crore rupees have been purchased. From 2013 to 2017, electricity production has doubled through the Nawaz Sharif era.

Police Find ‘No Proof’ of Rape in Artistic Milliners Case

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Police Find ‘No Proof’ of Rape in Artistic Milliners Case

Police Find ‘No Proof’ of Rape in Artistic Milliners Case

 

KARACHI: Senior Superintendent of the Police, Korangi, has recently issued a press release in which the cops claimed of finding no proof of rape against employees of Artistic Milliners.

SDPO conducted an investigation and reported that no proof of any allegations leveled by web channel Dhoom Plus was found. It was an attempt to defame a company’s reputation by Sagir Buledi, a press reporter. 

According to the statement by the Korangi Association of Trade & Industry, the web channel initiated fake propaganda against Artistic Milliners, and they demanded strict action against them.

According to the statement of KATI (Korangi Association of Trade and Industry), the web channel and the said press reporter spread fake news against the private company and strict action should be taken against it. Besides this, an investigation is underway, regarding the case.

As we all know the hashtag ‘Artistic Milliners Rape Case’ has been trending on Twitter. As per multiple tweets, it has been reported {that a} female employee of Artistic Milliners has been allegedly raped by over 20 men inside the office premises.

The employee who works at Unit 4 of the factory was allegedly asked to work additional time after which she was drugged before being raped in the HR jurisdiction by 20-22 men throughout the night.

She was later tortured as burning cigarettes were put on her bare skin. As per the tweets, she struggled to leave the building at 6 am, however, passed away outside the workplace premises. Another tweet claimed that she was killed after she was raped. However, the facts of the case are still not verified.   

Milliners Rape Case: Female Employee Allegedly Gang Raped by 22 Men

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Milliners Rape Case: Female Employee Allegedly Gang Raped by 22 Men
On Twitter, #ArtisticMillinersRapeCase is trending. According to reports, 20 to 22 men allegedly raped an Artistic Milliners employee inside the office premises
The employee working at Unit 4 of Artistic Milliners factory was allegedly asked to work overtime after which she was drugged and raped in the HR jurisdiction by 20-22 men all through the night.
Reports further state that she was later tortured as burning cigarettes were put on her bare skin. As per the Twitter accounts, she struggled to depart the building at 6 am, however, handed away outside the office premises.

US Congress delegation visits COAS Gen Bajwa

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US Congress delegation visits COAS Gen Bajwa

Congresswoman Sheila Jackson Lee led a five-person US delegation that met with Chief of Army Staff (COAS) General Qamar Javed Bajwa to show support for Pakistan’s flood victims.

According to the Inter-Services Public Relations, the conversation covered issues of shared interest, the state of regional security, and bilateral cooperation in a number of fields (ISPR).

The US team expressed their sadness over the damage caused by the most recent floods in Pakistan and their deepest sympathies to the families of the flood victims. They pledged to provide the people of Pakistan with aid during this difficult time.

However, the US officials acknowledged Pakistan’s efforts to uphold regional stability and pledged to do their part to enhance cooperation with Pakistan on a variety of fronts.

The COAS expressed his appreciation for US aid and reaffirmed the necessity of help from Pakistan’s foreign allies for the rescue and rehabilitation of flood victims.

A day earlier, the US delegation led by Congress Representative Sheila Jackson Lee met Climate Change Minister Sherry Rehman and vowed to help flood-affected people of Pakistan.

According to details, Sherry Rehman meets US Congressional delegation and apprised them of the current relief efforts and the assistance required for rehabilitation of the flood affected areas and population.

Indian cricketer Suresh Raina announces retirement from all formats

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Indian cricketer Suresh Raina announces retirement from all formats

 

Indian cricketer Suresh Raina. — BCCI/File

Suresh Raina, an Indian cricketer, finally ended his IPL and domestic career on Tuesday by declaring his retirement from all formats of the game.

Former Indian captain MS Dhoni, the 35-year-old cricketer announced his retirement from international competition on August 15, 2020.

The 35-year-old cricketer claimed on Twitter that it had been an honour for him to represent both his state of Uttar Pradesh and India internationally.

“It has been an absolute honour to stand up for my nation and state of UP. I’d like to declare my retirement from all cricket formats “Tuesday saw a tweet from Raina.

Raina will now be able to compete in events like the Road Safety Series and international T20 leagues, according to ESPNcricinfo.

Raina retires having scored 6,871 runs in 109 first-class games, 8,078 runs in 302 list A games, and 8,654 runs in 336 T20 matches.

He began his senior domestic career for UP back in 2002-03 and made his international debut in 2005. Raina played 226 ODIs, 78 T20Is and 18 Tests for India, and was part of the squad that won the ODI World Cup in 2011. He was the first Indian batter to score a century in all three international formats.

Can Suryakumar Yadav overtake Babar Azam in ICC T20I rankings?

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Can Suryakumar Yadav overtake Babar Azam in ICC T20I rankings?

 

Indian batter Suryakumar Yadav (left) and Pakistans skipper Babar Azam. — Reuters/AFP

The ICC Men’s T20I rankings will likely be released tomorrow (Wednesday) and the competition between three top-ranked batters — Babar Azam, Mohammad Rizwan, and Suryakumar Yadav — is getting tense.

At the moment, Pakistan’s skipper Babar sits on top of the batting rankings with 810 rating points. Wicket-keeper-batter Rizwan with 796 points and India’s Yadav with 792 points follow close on his heels.

India have a match scheduled for today against Sri Lanka in the ongoing Asia Cup‘s Super 4 stage and if he performs up to the mark, he will strengthen his position to dethrone Babar.

Yadav, in the underway match, has slammed a sensational 26-ball 68* against Hong Kong. Although that might not carry much weight since Hong Kong are not a strong team, if he puts up a show today against the island nation, it will definitely assist him clinch the top spot.

Babar — who has remained the top-batter for more than 1,000 days — hasn’t had a great run in the event with scores of 10, 9 and 14 in the three matches so far, thus, weakening his position.

Rizwan is presently the highest run-scorer in the Asia Cup so far with 192 runs, including two fifties in three matches, as he smashed fifties against Hong Kong and India, and also made 43 in the first game against India.

Rupees falls by Rs1.64 in interbank market

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Rupees falls by Rs1.64 in interbank market

Rupees falls by Rs1.64 in interbank market
The rupee extended its losses for the second consecutive session this week, falling by Rs1.64 against the dollar in the interbank market on Tuesday.

Information shared by the Forex Association of Pakistan (FAP) confirmed that the local currency had fallen to Rs221.5 per dollar by 12:21pm after depreciating 0.74 per cent.

FAP Chairman Malik Bostan said the dollar’s fee had risen due to elevated demand for the dollar for duty-free vegetable imports from Iran and Afghanistan.

He said the federal government must be sure that dollar being bought for imports were not “misused”.

Bostan stated he anticipated the “sharp decline” within the rupee’s worth to cease as soon as funding amounting to $4 billion was acquired from pleasant international locations.

The FAP chairperson claimed that commercial banks were buying the buck at higher rates due to which the rupee’s worth was declining.

“The difference in the rates between the interbank and open markets has risen by Rs10 [per dollar]. This difference had been removed via great difficulty however now higher rates in the interbank market are affecting the open market,” he commented.

Amid the widespread destruction of crops by the recent floods, the federal government had last week granted exemption of sales tax and withholding tax on the import of tomatoes and onions until December 31. Since then, several trucks carrying the 2 objects have crossed into Pakistan via the Taftan, Chaman and Torkham borders.

Meanwhile, Tresmark’s Head of Research Komal Mansoor said political uncertainty and lack of clarity on future inflows from friendly countries were pushing the rupee decrease. As well as, remittances were expected to decline in the coming months, she added.

“As per Tresmark estimates, REER for August-end should go up to 98.50 with parity at 218/$. So we see an adjustment to keep REER around the 92-95 level and that would translate to 222-226 vary. If the IMF cash shouldn’t be adopted up by pleasant countries’ cash, PKR will again feel the heat,” she said.

The real effective exchange rate (REER) is the weighted average of a country’s currency in relation to an index or basket of other main currencies. The weights are determined by comparing the relative trade balance of a country’s forex against each country inside the index. This exchange rate is used to determine an individual country’s currency worth relative to the other main currencies in the index.

The REER is used to evaluate how a currency is fluctuating against many others at once, and can be used in international trade assessments.

The PKR had fallen to a record low of 239.94 on July 28. It had then recovered for 11 consecutive sessions, closing at Rs213.90 in the interbank on Aug 16.

However, the local currency had started falling again from Aug 17, losing Rs8.02 till Aug 29. It gained briefly for 3 sessions against the buck before declining again on Friday.

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