Wednesday, August 8th, 2018
Pakistanis hide Rs43 trillion assets abroad
ISLAMABAD, (DNA) – The authorities probing into the illegal foreign accounts and properties of thousands of Pakistanis disclosed on Tuesday that the volume of hidden assets stashed by Pakistani nationals in different tax havens abroad stood at $350 billion (Rs43 trillion). Interestingly, the authorities also revealed, for the first time, that only accounts, properties worth Rs1,003 billion (US$8.1 billion) were declared by over 5,300 entities, individuals under the amnesty scheme 2018 in the past three months. “By the close of Amnesty Scheme 2018 on July 31st, 2018, declarations from 5,363Read More
Malaysian ex-PM Najib charged with money-laundering
KUALA LUMPUR, (DNA) – Malaysia’s former prime minister Najib Razak was hit with new charges Wednesday linked to a multi-billion-dollar financial scandal that contributed to his shock election defeat in May. Appearing at a court in Kuala Lumpur, Najib was charged with three counts of money-laundering over claims he pocketed 42 million ringgit ($10.3 million) from a former unit of scandal-hit sovereign wealth fund 1MDB. These are in addition to the charges he faced last month after he was first arrested — three for criminal breach of trust and aRead More
Assam’s updated NRC adds fuel to the fire in divided India
NEW DELHI, (DNA) – The largest state in northeastern India, Assam, is a governance nightmare. It is spread over 80,000 square kilometers of widely varying terrain, a lot of it densely forested and criss-crossed by dozens of tributaries of the Brahmaputra, the largest river in India, which literally cuts the state into two. With a population of about 33 million, the state is home to more than 30 different ethnic communities and over a dozen principal tribes. It is also the only state in India with more than 30 languagesRead More
Canada to seek UAE, UK help in resolving rift with Saudi Arabia
JEDDAH, (DNA) – Canada plans to seek help from United Arab Emirates and Britain to defuse an escalating diplomatic dispute with Saudi Arabia, as traders revealed the Arab state would no longer buy Canadian wheat and barley. The Saudi government on Sunday recalled its ambassador to Ottawa, barred Canada’s ambassador to Riyadh and placed a ban on new trade, denouncing Canada for urging the release of rights activists. Riyadh accused Ottawa on Tuesday of interfering in its internal affairs. One well-placed source told the Liberal government of Prime Minister JustinRead More
Name of Imran’s close aide put on ECL
ISLAMABAD, (DNA) – Name of Zulfi Bukhari, a close aide of Pakistan Tehreek-e-Insaf chairman Imran Khan, has been placed on the Exit Control List (ECL). Citing unnamed sources, the TV channel reported that Bukhari was put on the ECL on a request filed by the National Accountability Bureau (NAB). According to the sources, the NAB Rawalpindi is carrying out an investigation against the PTI member for owing offshore companies. Bukhari had also appeared before the NAB as part of the investigation.
Pakistan and India should never be at war: Shabana Azmi
The United Nations Population Fund (UNPFA) Goodwill Ambassador, politician, social activist and multiple-award winning Indian actress Shabana Azmi, who is also an advocate of Indo-Pak peace spoke on how war should never be an option when it comes to resolving the dispute between the two neighboring countries. The dialogue should remain interactive and ultimately result in healthy discussions rather than hatred and enmity for each other, she said. “War is not an option, discussions and talks are needed to solve the disputes between the countries,” the ‘Masoom’ actress elucidated duringRead More