Breaking News

Yearly Archives: 2016

Russia, Partners Say Kabul Welcome at Future Talks on Afghan Security

ISLAMABAD, PAKISTAN � Russia, China and Pakistan bowed to Afghan complaints Tuesday, announcing after talks in Moscow that Kabul will be invited to participate in future meetings on the threat posed by Islamic State militants in Afghanistan.

Afghan officials had objected to being left out of the three-way talks in the Russian capital, ostensibly held to discuss "the deteriorating security situation in Afghanistan." The three nations also said they were interested in facilitating peace talks between the Afghanistan government and the Taliban.

The long-running Taliban insurgency poses by far the greater threat to Afghanistan, whose forces have been on the defensive for the past year. But members of the so-called Islamic State group have been trying to establish a foothold in Afghanistan, in some cases fighting directly with the Taliban.

Participants in Tuesday's meeting said it was the third session of their trilateral "working group" on Afghanistan. In a joint statement released by Pakistan after the talks, they expressed "particular concern" over "increased activities of the extremist groups including the ISIL (Daesh) affiliates in the country." ISIL is another acronym for IS.

The statement said Beijing, Islamabad and Moscow had agreed to continue their consultations in an expanded format and would welcome the participation of Afghanistan. The group previously suggested it might include Iran in future talks.

"The participants agreed to continue their efforts towards further facilitating the Afghan-led, Afghan-owned peace and reconciliation process in Afghanistan according to the known principles of reintegration of the armed opposition into peaceful life," the statement said.

Hours before the Moscow meeting, Afghan Foreign Ministry spokesman Ahmad Shekib Mostaghani said that regardless of the good intentions of the participants, the Moscow talks would not help the situation in Afghanistan, where government forces have been battling Taliban insurgents for 15 years.

The joint statement said that China and Russia, as permanent members of the U.N. Security Council, had confirmed their "flexible approach to delisting Afghan individuals from the U.N. sanctions lists" as a contribution to peace efforts in Afghanistan.

The Taliban has identified removal of international travel and financial restrictions on its leaders as one of its conditions for engaging in reconciliation talks.

The Afghan government has recently sent a formal request to the U.N. sanctions committee seeking delisting of members of the Hizb-e-Islami group, with which Kabul signed a peace deal.

The group, led by Afghan warlord Gulbuddin Hekmatyar, agreed under the peace deal to quit violence and join mainstream politics once the delisting happens, paving the way for the warlord to return to Afghanistan from years of hiding.

Russian officials say that IS is trying to expand its influence to Russia and China through Central Asian states that share borders with Afghanistan.

Moscow's permanent representative to the United Nations told a Security Council meeting last week that more than 700 IS terrorist families have arrived in Afghanistan from Syria. The deteriorating Afghan security situation is encouraging IS fighters to look at the country for refuge, he added.

Russia recently admitted to having contacts with the Taliban following reports Russian authorities are trying to help the Islamist insurgency fight IS militants. But Moscow insists the links are meant only to ensure the protection of Russian nationals in Afghanistan and to encourage the Taliban to join peace talks.

Source: Voice of America

Read More »

Dispatch of physical share certificate of Dost Steel Limited

Karachi, Dost Steel Limited informed Pakistan Stock Exchange that the physical share certificates in respect of 368% right share at price of Rs. 4.50 per share i.e. at a discount of Rs. 5.50 per share of the Company are ready for dispatch shareholders of the Company have been informed through advertisement in newspapers Dost Steels Limited is a company incorporated in Pakistan on March 19, 2004 as a private limited company under the Companies Ordinance, 1984. The principal business of the company include manufacturing of steel, direct reduced iron, sponge iron, hot briquetted iron, carbon steel, pig iron and special alloy steel in different forms. The company was converted into public limited company with effect from May 20, 2006. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi. The symbol “DSL” is being used by the stock exchanges for the shares of Dost Steels Limited.

Read More »

Clarification of Announcement of Pakistan International Bulk Terminal Limited

Karachi, Pakistan International Bulk Terminal Limited informed Pakistan Stock Exchange that their announcement of the right issue dated December 22, 2016 in this respect please note that January 09, 2017 shall be considered and read instead of January 17, 2017 for right entitlement and accordingly that members whose names appear in the register of the members at the close of business on January 09, 2017 shall be entitled to the receipt of letter of rights or credit of unpaid rights in their sub-accounts with the Central Depository Company of Pakistan Limited as the case may be there is no change the book closure date already announced. Pakistan International Bulk Terminal Limited was incorporated under the Companies Ordinance, 1984 on March 22, 2010 as a private limited company. On July 11, 2011, the company was converted as an unquoted public company limited. It is in a start up phase and has its registered office located in Karachi. The company has entered into a build operate transfer contract with the Port Qasim Authority on November 8, 2010 for the exclusive construction, development, operations and management of a coal and clinker/ cement terminals for a period of thirty years. The services of the company include providing dirty cargo terminal in Pakistan with mechanized handling of cargo. The symbol “PIBTL” is being used by the stock exchanges for the shares of Pakistan International Bulk Terminal Limited.

Read More »