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SSK Incubation Center inaugurated at IoBM

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Karachi: Tech start-up business pitch decks presented by four students and an alumnus of the Institute of Business Management (IoBM), Karachi have completed the first cohort of the SSK Incubation Program. Mr. Bashir Janmohammed, Chancellor IoBM, was the Chief Guest at the occasion that was also the formal inauguration of the SSK Incubation Center. The Incubation Center, named in memory of Late Mr. Shahjehan S. Karim, IoBM’s Founder President, aims to provide strategic and financial direction to start-ups emerging from IoBM. The event was held at IoBM on Thursday, November 19, 2020.

The Office of Research Innovation & Commercialisation (ORIC) and the Entrepreneurship & Management Excellence Center (EMEC) at IoBM have been adding value to the Incubation Center. The Incubation Faculty Committee and Incubation Alumni Council also support this initiative. Present on this occasion were IoBM’s Mr. Talib Karim, President; Ms. Sabina Mohsin, Executive Director; Dr. Syed Irfan Hyder, Rector; Dr. Shujaat Mubarik, Associate Dean CBM; Dr. Samra Javed; HoD, ORIC, and EMEC along with HoDs and management. The Master of Ceremony was Mr. Kamran Bilgrami, HoD Corporate Training and Manager Incubation Center for EMEC-IoBM. The projects incubated for six months include four tech-based applications, a 3D printer, and a vocational training program based on virtual reality/artificial intelligence. An IoBM MBA student has secured a seed fund of PKR 2.5 Million for a mobile application. These start-up entrepreneurs began their online pre-incubation stage in May 2020.

On this occasion, Mr. Talib Karim said that IoBM Incubation Center strives to nurture innovative ideas to bring profound social change. He said that the Incubation Center is open for students from all four constituent colleges of IoBM who can build sustainable ventures to become job creators and not job seekers. Mr. Bashir Janmohammad said that substantial efforts are needed to develop the agricultural sector to increase yield. He advised start-ups emerging from IoBM to focus on tech-based ventures. Dr. Syed Irfan Hyder said that aspiring entrepreneurs need to think about innovative initiatives. He advised that a start-up entrepreneur should begin three ventures so the probability of failure is minimized. Dr. Shujaat Mubarik advised students being incubated to keep an eye on disruptive technologies and strengthen their technical and interpersonal knowledge.

2,738 COVID-19 cases, 36 deaths reported in Pakistan: NCOC

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ISLAMABAD : Pakistan has recorded fresh 2,738 COVID-19 cases and 36 deaths due to the virus in the last 24 hours.

In the past 24 hours, 36 more people succumbed to the disease, taking the death toll to 7,561. 868 patients have recovered from the virus during the last 24 hours.According to the National Command and Operation Centre (NCOC), with fresh inclusion of the infections in the country the national tally of cases now currently stands at 368,665, whereas, the active cases stood at 33,562.

A total of 42,909 tests were conducted across the country during this period. 327,542 people have recovered from the deadly disease while 5,098,291 samples have been tested thus far.

The positivity rate has increased up to 6.3 per cent in Pakistan. 1,517 patients are in critical condition.

Closing ceremony of Exercise DRUZBHA – V was held

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islamabad : Closing ceremony of Exercise DRUZBHA – V was held at National Counter Terrorism Center (NCTC) near Kharian.

Russian Ambassador  Danila Ganich, Inspector General Training and Evaluation (IGT&E) Lieutenant General Sher Afgun and seniorMilitary officials from both sides witnessed the closing ceremony.Special Forces’ Pakistan-Russian Federation Contingent demonstrated real-time skilful drills & procedures of  Counter Terrorism Operations.The two week long Durzbha-V  was conducted at Tarbela and NCTC PABBI . During the exercise, teams shared valuable experience in Counter Terrorism domain and displayed highest standards of training and professionalism.

Pakistan strongly condemns extrajudicial killing of four more innocent Kashmiris in IIOJK

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Islamabad, 19 November 2020 : Pakistan strongly condemns the extra-judicial killing of four more innocent Kashmiris in a fake encounter outside the city of Jammu by the Indian occupation forces in Indian Illegally Occupied Jammu and Kashmir (IIOJK).

In the last one year alone, Indian occupation forces have martyred more than three hundred innocent Kashmiris, including women and children, in fake encounters and so-called “cordon and search” operations in complete violation of the fundamental precepts of international humanitarian law.

The toxic ‘Hindutva’ ideology, preached and practiced by the RSS-BJP mix, has resulted in the systematic targeting of Kashmiri youth through extra-judicial killings, torture in custody, enforced disappearances and incarcerations under the cover of draconian laws such as Armed Forces Special Powers Act (AFSPA), Public Safety Act (PSA) and Unlawful Activities Prevention Act (UAPA).

Pakistan calls for immediate and transparent judicial inquiry, under international scrutiny, into the extra-judicial killings of innocent Kashmiris including these four.

We also urge the international community to take immediate cognizance of the rampant state terrorism being perpetrated in IIOJK and hold India accountable for its serious crimes against humanity.

India must eschew the use of state-terrorism as an instrument of state policy, end its egregious violations of human rights of the Kashmiri people, and take concrete steps towards the resolution of the Jammu & Kashmir dispute as per the Resolutions of the United Nations Security Council.

ATC sentences JuD chief Hafiz Saeed to 10 years of imprisonment

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LAHORE : An anti-terrorism court (ATC) in Lahore on Thursday sentenced the leader of the outlawed Jamaat-ud-Dawa (JuD) Hafiz Saeed to 10 years and six months of imprisonment for being involved in an illegal funding case.

The court has also fined Saeed with a hefty amount of Rs110,000 and ordered the confiscation of his properties.

Last week, the ATC had sentenced three other JuD leaders to imprisonment, including Zafar Iqbal, Yahya Muhajid, and Hafiz Abdul Rehman Makki for illegal funding.

Malik Zafar Iqbal and Yahya Mujahid were ordered to spend 16 years in prison, while Makki was awarded a six-month imprisonment sentence.

Earlier this year, ATC’s Justice Arshad Hussain Bhutta had announced a collective punishment of 11 years and imposed a fine of Rs 15,000 on the JuD chief for being part of a banned terrorist outfit and for having illegal property.

Asad Umar assures to support ICCI for establishment of new industrial estate near Islamabad

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Islamabad (DNA)  : Asad Umar, Federal Minister for Planning, Development and Special Initiatives has assured that he would fully support the ICCI in its endeavours for the establishment of a new industrial estate near Islamabad so that industrialization would flourish in the region. He stated this while addressing a delegation of Islamabad Chamber of Commerce & Industry, which called on him led by Sardar Yasir Ilyas Khan, President. Khalid Javed, Shaban Khalid, Ch. Nadeem Gujjar and Taha Akbar Ansari were in the delegation.

Asad Umar fully endorsed the proposal of ICCI for setting up a new industrial estate near Islamabad and said that he would move a summary of this proposal to the government for approval and materialization of this important project. He said that the government would try to acquire land under Sec-4 for industrial estate to meet the needs of investors and industrialists of the federal capital. He said that the current government was fully focused on reviving industrialisation to achieve rapid economic growth and maximum facilitation would be extended to the ICCI for a new industrial zone in the region.

Speaking at the occasion, Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce and Industry gave a detailed presentation to Asad Umar on the need of a new industrial estate in the federal capital. He said that the existing industrial zones in Islamabad have saturated due to which setting up new industrial units in Islamabad was not possible and the potential investors of the region were shifting to other areas that was not good for the local economy. He said that the government should cooperate in establishing a new industrial zone near Islamabad Airport as this strategic location provided easy access to the airport and motorway. He said that the government should also consider setting up an export processing zone near Islamabad Airport that would help in boosting exports from this region.

Sardar Yasir Ilyas Khan said that ICCI would fully support the government in making PM’s Kamyab Jawan Program successful. He said that ICCI would take the lead in connecting the youth with local industries and SMEs to help them in their job placement. He said that ICCI would play a role in connecting the young innovators with industrialists and investors to facilitate them in launching business start-ups.  He said that ICCI would also provide guidance, career counselling and mentorship to youth to foster entrepreneurship in the young generation.

Khalid Javed former President ICCI, Shaban Khalid and other members of the delegation also highlighted the importance of a new industrial estate in or around Islamabad that would bring multiple beneficial outcomes for the local economy as it would promote industrialization and investment in the region, create plenty of new jobs for people and generate more tax revenue for the government.

CCI develops proposals to support medium-sized businesses in Uzbekistan

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Tashkent, Uzbekistan  : The Chamber of Commerce and Industry (CCI) has developed a draft resolution of the President of Uzbekistan “On measures to introduce a mechanism to encourage and support medium-sized enterprises.” The draft resolution was published for discussion.

The CCI document proposes to establish criteria for business entities from 1 January 2021.

According to the document, small businesses will include individual entrepreneurs, microfirms (up to 10 employees and net revenue of up to 1 billion soums per year), small businesses (up to 100 employees and net revenue of up to 5 billion soums per year).

Medium businesses will include companies with up to 250 employees and net revenue of up to 15 billion soums per year. Companies with more than 250 employees and net revenue of more than 15 billion soums per year will be considered large businesses.

The draft resolution emphasizes that state unitary enterprises and companies with a state share of 50% or more, regardless of the number of employees and the amount of income from the sale of goods and services, do not belong to medium-sized enterprises.

The document proposes, from 1 January 2021, to reimburse 50% of the costs of attracting foreign specialists and all costs of training employees at retraining courses at the expense of the State Employment Fund.

It is also proposed to reduce the rent for the use of state real estate in an amount equal to the part sent to the Fund for Support of Privatized Enterprises and the Center for the Organization of the Effective Use of Empty Objects.

The Export Promotion Agency will reimburse up to 75% of the cost of road, rail and air transport when exporting goods.

It is proposed not to include funds from the placement of corporate bonds on the stock exchange in the income tax base.

According to the draft resolution, enterprises with temporary financial difficulties can postpone the payment of taxes for 6 months by notifying the tax authorities.

The document proposes, from 1 January 2021, to introduce a procedure for providing subsidies and guarantees to medium-sized enterprises at the expense of the Entrepreneurship Support Fund.

The draft resolution proposes to give an advantage to medium-sized businesses in the allocation of space in economic zones and public auctions with state property.

DGISPR

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Ms Angela Aggeler, US Charge d’ Affaires to Pakistan called on General Qamar Javed Bajwa, Chief of Army Staff (COAS), today.Matters of mutual interest including regional security situation particularly Afghan Peace Process were discussed during the meeting.Visiting dignitary appreciated Pakistan’s contributions for conflict prevention in the region and relentless support provided in Afghan Peace Process. The dignitary also assured of US continued assistance for the common cause of peace in Afghanistan.

“Accountability for all” NAB,s policy : Chairman

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Islamabad, Nov 19, 2020 : The Honorable Mr. Justice Javed Iqbal, Chairman NAB chaired a meeting to review performance of Prosecution Division of NAB at NAB Headquarters. During the meeting, it was informed that Prosecution Division of NAB is working closely with Operations Division of NAB HQ in order to have legal assistance to NAB’s Operations Division and all Regional Bureaus of NAB in conduct of complaint verifications, inquires, investigations and are pleading cases of NAB vigorously on the basis of solid evidence in the respected Courts as per law.

During the meeting, it was informed that on the directions of the Chairman NAB, Prosecution Division has been revamped by inducting experienced legal consultants/special prosecutors. A mechanism of handling of witnesses has been introduced and the result of this intervention is very encouraging. Due to constant deliberations, monitoring and performance analysis of Prosecution Division, the overall conviction ratio is approximately 68.8 percent in the respected Accountability Courts which is record achievement.

During the meeting, it was informed that Sukkur has announced judgment in Reference No. 08/2019 whereby the accused persons namely Tufail Ahmed and Waqar Ahmed were sentenced for 10 x years R.I and 08 years respectively. It was further informed that the respected Accountability Court, Quetta has announced judgment in Reference No. 12/2015 whereby the accused persons namely Babar Tehseen, Khalid Akram and Javed Akram were sentenced for 10 x years R.I along with the fine of Rs 51.745 million each.

It was informed that the respected Accountability Court Karachi has announced judgment in Reference 01/2018 whereby accuses Wajid Ali was sentenced for 6 x years R.I along with the fine of Rs. 30 million after he was found guilty of the charge on the basis of solid proof against him. The respected Accountability Court Lahore has announced judgment in Reference No. 50/2014, 51/2014, 52/2014, 53/2014, 54/2014 whereby the principal accused Nazeer Ahmed Khan was sentenced for 5 x years R.I along with fines of total liabilities in each case. It was further informed that the respected Accountability Court karachi has announced judgment in Reference No. 16/2017 whereby the accused persons namely Shahid Raza Shah, Wahid Bux, Zaman Jokhio, Lal Muhammad, M. Afzal Hussain, M. Salik Nukhrich and Abdul Aziz were sentenced for 10 x years R.I along with fine of Rs. 5 million each.

The Honorable Mr. Justice Javed Iqbal, Chairman NAB said that eradication of corruption is the top priority of NAB. NAB is committed for eradication of corruption by adopting “Accountability for All” policy. He directed all officers/officials of NAB to put in their best efforts in vigorously pursuance of under trail cases of NAB with complete preparation on the basis of solid evidence in accordance with law.

Court rejects ex-PM Abbasi’s plea for live telecast of LNG case hearing

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ISLAMABAD : An accountability court in Islamabad rejected on Thursday a plea of former prime minister Shahid Khan Abbasi seeking a live telecast of trial proceedings of the LNG terminal case.

Judge Azam Khan heard the case. The PML-N leader moved the plea requesting the court to allow the trial in the LNG reference filed against him and others by the National Accountability Bureau (NAB) to be aired live.Ex-PM Abbasi, former finance minister Miftah Ismail, former managing director of the Pakistan State Oil (PSO) Sheikh Imranul Haq, ex-chairperson of the Oil and Gas Regulatory Authority (Ogra) Uzma Adil and others are named in the reference.

On November 16, the court had indicted all the accused. They pleaded not guilty and opted to contest the charges. Subsequently, the court directed the NAB prosecution to furnish evidence to back up the allegations against them.

Abbasi is accused of awarding LNG Terminal-I contract to a firm at Port Qasim Karachi, at exorbitant rates.

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