2017 December 12 : AsiaNet-Pakistan

Archive for December 12th, 2017

Largest Listed Saudi Real Estate Developer Launches International Business from Dubai

December 12, 2017 | Real Estate

DUBAI, UAE and FLORENCE, Italy, December 12, 2017/PRNewswire/ — Construction on Dar Al Arkan’s AED 800 Million Skyscraper on Dubai Canal to Start in Early 2018, with Signature Interiors by Roberto Cavalli Dar Al Arkan, the largest listed real estate developer in the Kingdom of Saudi Arabia, announced today its plans to expand to global […]

Read More

Board of directors meeting of Clover Pakistan Limited

December 12, 2017 | Board Meetings

Karachi, Clover Pakistan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on December 15, 2017 at Karachi to consider inter alia change in the Board of Directors and the management of the Company. Clover Pakistan Limited is a company incorporated in Pakistan in 1986. It is a public limited company the foundations of which are laid under the principals of the Companies Ordinance, 1984. The core business activities of the company include manufacture and sale of food and plastic products and trading in food and consumer durables. During the year ended June 30, 2013 the company signed a distributors agreement with Titan Company Limited India for marketing of the products within the territorial jurisdiction of Pakistan. The stocks of the company are quoted on the Karachi and Lahore Stock Exchange of Pakistan. The registered office of the company is situated at Karachi. The symbol “CLOV” is being used by the stock exchanges for the shares of Clover Pakistan Limited.

Read More

Board Meeting of Fauji Cement Company Limited

December 12, 2017 | Board Meetings

Karachi, Fauji Cement Company Limited informed Pakistan Stock Exchange that Special Meeting of the Board of Directors was held at December 12, 2017 at 1045 hours. Meeting concluded at 1430 hours. Board of Directors accorded expansion approvals in principle and directed the management to complete the confirmatory studies for setting up of a Greenfield Project. Fauji Cement Company Limited is a public limited company incorporated in Pakistan on November 23, 1992. The foundations of the company are laid under the Companies Ordinance, 1984. The business commenced from May 22, 1993. The principal activity of the company is manufacturing and sale of ordinary Portland cement. The shares of the company are quoted on the Karachi, Islamabad and Lahore Stock Exchanges in Pakistan. The company’s registered office is situated at Rawalpindi. The cement plant of the company is located in Punjab. The annual production capacity of the plant is 1.165 million tons of Cement. The company has a Refuse Derived Fuel (RDF) Processing Plant which solves problem of Municipal Garbage Disposal. Minimum 300-400 tons of garbage is being lifted from each garbage dump located at Rawalpindi and Islamabad. In addition, the other important advantages include reduced use of fossil fuel, lowering of green house gases in the atmosphere and availability of compost fertilizer as a byproduct. The symbol “FCCL” is being used by the stock exchanges for the shares of Fauji Cement Company Limited.

Read More

Gemalto in the process of reviewing the unsolicited and conditional proposal by Atos

December 12, 2017 | Education

Amsterdam, December 12, 2017 at 07:00 AM – The board of Gemalto N.V. (the Company) has noted the announcement last evening of the unsolicited and conditional proposal by Atos SE (Atos) to make a cash offer for all issued and outstanding shares of the Company at an offer price of EUR 46 (cum dividend in […]

Read More

CM Punjab reviews Quaid’s Day preparations

December 12, 2017 | Business, Company News

Punjab Chief Minister Muhammad Shahbaz Sharif has said that PML-N government is taking concrete steps for making Pakistan a prosperous, peaceful and bright country according to the vision of founder of Pakistan, Quaid-e-Azam Muhammad Ali Jinnah.He expr…

Read More

Militant Attack Near Afghan Border Kills 2 Pakistani Soldiers

December 12, 2017 | General, Sports

ISLAMABAD Militants ambushed a Pakistan army convoy Tuesday in the remote North Waziristan region, killing at least two soldiers.A brief military statement said an officer of the rank of second lieutenant was among the dead. The fatalities occurred, …

Read More

South Korea’s Jeju Island to build more Muslim-friendly infrastructure to woo tourists

December 12, 2017 | Sports, Sports Extra

Jeju City, South Korea (OIC-UNA) � Acknowledging the special needs of the Muslims, South Korea’s Jeju Island, which anticipates more than 100,000 Malaysian tourists annually with the commencement on Tuesday of AirAsia X direct flights from Kuala Lumpur, is preparing to become more Muslim-friendly.

Increasingly more Muslims are traveling all over the world with the choice of destinations for many Muslims, apart from the major tourist attractions, hinging on two essential factors halal food and facilities like musalla (open space outside a mosque) to fulfill their prayer obligation.

From this acknowledgment, the four-season island, south of the Korea Peninsula, which was formed some two million years ago from volcanic activity, will soon have more musalla or prayer rooms in public places and several halal-certified restaurants, according to Bernama News Agency.

“We expect to receive more Muslim tourists, hopefully, more than 100,000 annually, especially with the start of AirAsia X direct flights from Kuala Lumpur on Tuesday.

“In our drive to welcome them, we want to make sure that they are comfortable and are able to enjoy Jeju better with prayer places and eat food prepared accordingly with the requirement of their faith,” said Executive Director of the Tourism Policy Division of Jeju Special Self-Governing Province Hyun Hak-soo.

Source: International Islamic News Agency

Read More

Chinese Ambassador calls on CM Punjab Shahbaz Sharif

December 12, 2017 | Medical

Chinese Ambassador Mr. Yao Jing called on Punjab Chief Minister Shahbaz Sharif in Islamabad today (Tuesday).Matters relating to the mutual interest, Pak-China economic relations, and projects being implemented under CPEC came under discussion.The Chine…

Read More

CM Punjab reviews Quaid’s Day preparations

December 12, 2017 | Legal & Politics

Punjab Chief Minister Muhammad Shahbaz Sharif has said that PML-N government is taking concrete steps for making Pakistan a prosperous, peaceful and bright country according to the vision of founder of Pakistan, Quaid-e-Azam Muhammad Ali Jinnah.He expr…

Read More

Pakistan Senators Slam US Jerusalem Move But Cling to US Visas

December 12, 2017 | Business

Thirty-three Pakistani senators unwound their best rhetoric for nearly five hours before unanimously passing a resolution criticizing U.S. President Donald Trump for his decision to recognize Jerusalem as Israel’s capital.Only one thing left them brief…

Read More

‘Integrity Idol’ Celebrates Honest Civil Servants in West Africa

December 12, 2017 | Education

DAKAR A reality TV show that celebrates honest civil servants in corruption-plagued countries has grown to reach new audiences in Mali and Liberia and aims to enlist the public’s help in fighting graft, the organizers said.Integrity Idol asks the pub…

Read More

Survey: Majority in US Believe Government Corruption Has Risen Under Trump

December 12, 2017 | Entertainment

WHITE HOUSE A new survey shows that nearly six in 10 Americans believe the level of government corruption has risen in the year since U.S. President Donald Trump was elected and that the White House is now a more corrupt institution than Congress.

Berlin-based Transparency International says its survey of 1,000 Americans in October and November revealed that 44 percent believe that Trump and White House officials are corrupt, up from 36 percent recorded in a similar survey in early 2016 at the start of former U.S. president Barack Obama’s last year in office.

The Trump White House responded Tuesday by saying it has acted to end corruption and increase transparency in government.

The anti-corruption group says nearly seven of 10 of those it surveyed believe the U.S. government is failing to fight corruption, up from half in 2016. The group defines corruption as the abuse of entrusted power for private gain.

“I think the survey shows that Americans are disappointed that the government has not delivered on its promises to clean up government. Around the world we’ve seen that when elected officials fail to deliver on their anti-corruption promises, it has a corrosive effect on public trust in government,” said Zoe Reiter, Transparency International’s representative. “We are having a cultural moment in history in America that our elected officials really need to wake up to.”

Responding for the White House, Principal Deputy White House Spokesman Raj Shah said, “Actually, we’ve done quite a bit to end corruption and increase transparency in government. We’ve elevated the status of the ethics office, issued guidance to staff to be more cooperative with congressional resolutions, and we’ve said we want government agencies to be as transparent as possible. We have worked hard to work back the backlog of FOIA [Freedom of Information Act] requests to make information about the government more available. What people say they believe in this [TI] survey has more to do with the media barrage of negative coverage than with actual corruption.”

Global perspective

In the survey, Transparency International asked people how well their government is doing at fighting corruption.

In 2016, people in the United States had slightly more faith in their government’s efforts than the global average.

“In 2017, citizens’ responses to this question are now much worse and similar to what people in Kenya, Malawi, Sierra Leone and Uganda told us. In terms of perceptions of the level of corruption in the Office of the President, the global average is that less than a third of people say their executive is highly corrupt,” said Transparency International researcher Coralie Pring.

“In 2016, the U.S. was already over this mark [36 percent]. However, the figure is now even worse at 44 percent � comparable to what people in Pakistan, Armenia and El Salvador told us,” Pring told VOA.

Survey numbers

The survey says 38 percent of Americans believe members of Congress are corrupt and 33 percent believe government officials are. Congress fared the worst in last year’s survey.

The poll says 32 percent think business executives are corrupt, 23 percent believe local government officials are corrupt and 22 percent believe religious leaders are corrupt. Judges and magistrates fare the best, with 16 percent of Americans believing they are corrupt.

The survey shows that close to a third of African-Americans believe police are corrupt, compared to a fifth of those polled overall. Slightly more than half say they feared retaliation for reporting what they believe to be wrongdoing, up from slightly less than a third in 2016.

Transparency International says its survey shows “people are now more critical of government efforts to fight corruption. From just over half in 2016, nearly seven in 10 people in the United States now say that the government is doing a bad job at combating corruption within its own institutions. This is despite widespread commitments to clean up government.”

Those surveyed said that while public protests and speaking out can be effective in fighting corruption, the best way is to vote out of office politicians they believe to be corrupt.

The anti-corruption group says that while Trump was elected on a vow to make government work better “for those who feel their interests have been neglected by political elites,” the opposite has happened.

“Rather than feeling better about progress in the fight against corruption over the past year,” the group said, “a clear majority of people in America now say that things have become worse.”

Source: Voice of America

Read More