Thursday, October 31, 2013

EU delegation calls on Secretary Law


Islamabad: European Union (EU) Mission will continue its help for further strengthening and consolidation of the electoral process and parliamentary democracy on the basis of international legal instruments rectified by Pakistan.
A delegation of EU mission headed by Michael Gahler, the member of the EU Parliament and Chief Observer for the 2013 EU Election Observation Mission (EU EOM) to Pakistan, said this during his meeting with Federal Secretary Ministry of Law, Justice and Human Rights Barrister Zafarullah Khan, here.
They discussed the democratic process in Pakistan in the aftermath of General Election 2013. Secretary Law apprised the delegation about the peaceful transaction of Power in Pakistan through democratic process and informed that the Election Commission of Pakistan has announced schedule for the Local Bodies Election which would strengthen the democratic process in Pakistan.
The head of delegation also presented a comprehensive report compiled by [EU EOM] during the General Election 2013 to the Federal Secretary.


Iran likely to abandon gas export to Pak



Tehran: Oil Minister of Islamic Republic of Iran Bijan Namdar Zagnaeh has announced that the country is likely to abandon the multi-billion dollar pipeline project with Pakistan.
The Iranian Oil Minister told reporters on the sidelines of a gas forum that “the contract for supplying gas to Pakistan is likely to be annulled.”
Earlier this month, Pakistani Petroleum Minister Shahid Khaqan Abbasi asked Iran for $2 billion (1.45 billion euros) to build its side of a controversial gas pipeline that has drawn threats of US sanctions.
Under those conditions it is seems improbable to export gas to Pakistan, Zanganeh added.
The Iranian side of the $7.5-billion project is almost complete, but Pakistan has run into repeated problems paying for the 780 kilometre (485 mile) section to be built on its side of the border.
Iran currently produces around 600 million cubic metres (21.2 billion cubic feet) of gas per day, almost all of which is consumed domestically. Its only foreign client is Turkey, which buys about 30 million cubic metres per day.

Hamarey Asli Dushman By Hamid Mir


PHF controversies continue


LAHORE: Pakistan hockey teams participation in the Asian Games is in danger after the Pakistan Hockey Federation (PHF) failed to confirm its participation before the deadline.

According to the Pakistan Olympic Association (POA) the PHF failed to confirm their participation despite two written reminders send to them.

Pakistan hockey team is already out of the Commonwealth Games.

It is worth mentioning here that the Pakistan hockey team is the defending champion of the Asian Games.
 

Karachi unrest case: SC rejects AG’s report


Karachi: The Supreme Court of Pakistan (SC) has expressed its reservations and rejected a report submitted by Attorney General Munir A Malik regarding the smuggling of arms and drugs in the country, say media reports.
A larger bench of the SC headed by Chief Justice Iftikhar Muhammad Chaudhry was hearing the Karachi law and order implementation case today at its Karachi Registry.
During today’s proceedings, Attorney General Munir A Malik presented a report about the smuggling of weapons and drugs in the country, prepared in a meeting attended by the authorities of Maritime Security Agency (MSA), Coast Guards, Anti Narcotics Force (ANF) and other concerned departments.
The bench, while expressing its annoyance, rejected the report presented by the AG. The CJ reprimanded the authorities and said that the report does not include details of steps implemented by the concerned institutions to stop the heinous crimes, rather it has only explicated the legal clauses


Wednesday, October 30, 2013

International Banking - Defining international banking for personal and business banking


The term international banking covers a multitude of sins, from private banking to the range of foreign currency services required to run a business which trades in more than one country. All banks offer some international services, but certainly for private banking a specialist consultancy is usually recommended.
The term international banking now has an alarming number of meanings and uses.

To begin with, international banking often refers to the same suite of services as offshore banking. This means the investment and financial management solutions that are based in other countries, often countries with low or no taxation, to avoid Britain’s relatively high tax for high net worth individuals. In this respect, international banking is for quite rich people who want to pay less tax.

Equally, in primarily business but also occasionally for personal banking customers, many banks offer international banking services as covering the ways in which you can make transactions in foreign currencies. This includes international payment mechanisms, foreign currency accounts, travellers’ cheques and import/export advice. Despite being the 21st Century, international currency transactions can still vary wildly from bank to bank and currency to currency. In general, expect Euro, dollar and Swiss Franc transactions to be relatively simple; but go much further afield and you will enter a bureaucratic minefield!

Finally, returning to international banking as a plaything for better off customers, you will also occasionally find the term applied to foreign currency transactions as investments.

Arms rife in the country; we are on brink of volcano: CJ


Karachi: Chief Justice Iftikhar Muhammad Chaudhry has said that there is abundance of arms and ammunition in the entire country and we are on the brink of a volcano, say media reports.
A three judge bench of the SC was hearing the Karachi law and order implementation case today at its Karachi Registry.
During the proceedings, the Chief Justice expressed his displeasure over the performance of Maritime Security Agency (MSA), Coast Guards and Customs, and said that arms, drugs and other items were being smuggled into the country despite the presence of these agencies that displays their inability to control the crime.
The CJ remarked that arms and weapons are in abundance in the entire country, and that we are on the brink of a volcano.
He continued saying that if all the agencies and the institutions unite, then not a single bullet can enter Karachi.
Justice Jawwad S Khawaja remarked that the agencies should realize their responsibilities instead of catching the Indian fishermen only. He further said that whatever is happening in the country currently, is sheer indifference towards the city and its citizens.


Irani forces open fire on Pak border area


Panjgur:  Two persons have been injured when the Irani border force opened fire on the Pakistani area near Panjgur in the Balochistan province of Pakistan, say media reports.
According to the official sources, Irani border security force opened fire on a suspected car that entered into Pakistani territory from Iran. As a result of firing, two persons were injured, however, the Pakistani security forces immediately reached the spot after getting the information about the incident and arrested six suspects.
Three vehicles were taken into custody while investigation from the suspects is under way.


FATA Tribunal seeks record of Shakil Afridi case


Peshawar: The Federally Administered Tribal Areas Tribunal hearing the trial of Dr Shakil Afridi, who helped the CIA track down former Al Qaeda chief Osama bin Laden, has sought all record pertaining to the case from commissioner FCR and the political administration of Khyber tribal region, says news report.
The main counsel for Dr Afridi, Barrister Samiullah Afridi, told reporters after the hearing that denial of bail to his client amounted to violation of basic human rights and that he had sought a fresh-trial for the jailed doctor.
During the hearing Barrister Afridi submitted an application before the tribunal seeking the release on bail of his client, who is accused of colluding with banned militant outfit Lashkar-i-Islam and its chief Mangal Bagh, and a fresh re-trial of the case.
The tribunal sought all records pertaining to Dr Afridi’s case from commissioner FCR and the political administration of Khyber tribal region and adjourned the hearing over the case until November 5.
Earlier this week Pakistan’s Prime Minister had said that the issue of Dr Shakil Afridi was subjudice and the court would decide it according to the Pakistani law.
Afridi was convicted and sentenced to 33 years last year in May for involvement in anti-state activities by a tribal court.
A judicial official overturned the 33-year jail sentence in August this year but Afridi remains in detention.

Multiple cracker explosions across Sindh


KARACHI: Multiple cracker explosions took place in various districts of Sindh on Wednesday. Two people in Hyderabad were injured when unknown gunmen opened fire on a bus.

A cracker explosion took place in Jamshoro near the Liaqat Medical University, following which panic gripped the area. Multiple cracker explosions were reported in Mirpur Khas after which shops closed down.

Police increased patrolling in Nawabshah when a cracker was hurled at Masjid Road. A cracker explosion was also reported in Dadu. A bomb planted on the railway track in Naushero Feroz was defused.

Following the explosions, police took action against criminal elements. 16 students were arrested following a police raid at the hostel of Sindh University in Jamshoro. According to the DIG Hyderabad, a crackdown was initiated against JSMM in several cities of the province and 17 workers were arrested.

On Tuesday night, 33 cracker explosions took place in several cities across Sindh including Karachi, Hyderabad and Larkana.

Mitti Kay Motti, Kechar Kay Lowg By Hassan Nisar

Mitti Kay Motti, Kechar Kay Lowg By Hassan Nisar (Dated: 30 October 2013)

Drone strikes can end tomorrow, if Pakistan wanted: Grayson


WASINGTON: US House of Representatives Foreign Affairs Committee member Congressman Alan Grayson has said that drone strikes in Pakistan could end tomorrow if the country wanted to and that no such attacks take place without the approval of Pakistan.

The Democrat Congressman from Florida also said that he received no evidence from the Obama administration to suggest that there would be a drop in drone strikes conducted in Pakistan by the end of this year.

He said that had Pakistan wanted, drone attacks on its territory could end tomorrow if the country stopped facilitating the US strikes.

Pakistan's Prime Minister Nawaz Sharif, during his recent trip to the US, had talked to President Obama on the drone issue after which the government had announced that the results of the talks would be visible shortly and that the nation would see its positive effects in the coming days as the number of drone strikes would significantly be reduced by the end of this year.

Pakistan has a strong Air Force which had the power to impose a restriction on its borders whenever it chose to, according to the Congressman who added that, such attacks were not possible without the consent of the country struck.

Grayson further said that it was possible that a similar situation developed in Pakistan and only then there would be an end to drone attacks.

Moreover, he said Pakistan's armed forces were capable of tackling militants and that in such a situation the US should not have blood on its hands. He added that there were only a handful militants in the country, whose numbers hardly run into hundreds, whereas the strength of Pakistan's military was more than a million.

Grayson was of the view that heirs of the innocent victims of drone attacks should receive compensation from the United States.

Wondering as to why the decision of who lives and who does not was taken thousand of miles away from Pakistan, Grayson said that the call was for God to make but drones were taking those decisions here instead.

Earlier on Tuesday Congressman Grayson met with the family of a Pakistani elementary school teacher, Rafiq-ur-Rehman, whose mother was killed in a US drone strike last year.
Rafiq, who was visiting the US with his family on an invitation sent by Congressman Grayson, provided him with their accounts of the attack that killed the school-teacher's 67-year-old mother, Momina Bibi in North Waziristan.

Tuesday, October 29, 2013

Business banking costs you money- so get value in good rates and good advice


A business bank account is rarely free, so get one that offers value- not just in good credit rates but also decent advice applied to the management of your specific industry. Consider the number of transactions you’ll make, the financial structure of your company, the size of funds moving around, and how you wish to expand. Only settle for an account deal which will cater for all these issues and a manager with sound advice. Oh- and feel free to haggle!
Your business bank account is nothing like your personal bank account. Depending on what you do, a different set of criteria come into play. For example, you may wish to take transactions in different currencies if you trade in more than one country. You may require a serious discussion about credit lines if you require capital expenditure before you even start trading. Since your business bank account will usually not be free to operate day-to-day (personal accounts usually are), you also need to have a fair idea of what your transaction throughput will be. If you do three big deals a year, that won’t cost much; but if you have hundreds of consumers and cheques, then your banking will suddenly become more expensive.

But put all these issues aside for a moment- the defining factor in choosing a business bank account must be the support you get from a dedicated advisor. In the past, banks have been unswervingly remiss- failing in their obligation to provide decent service to small businesses. Slowly, that’s changing, with Barclays and the Allied Irish Bank showing the way forward. Who is your bank manager, and do you like them? Do they understand your business, and what you need to succeed? Far more so than in personal banking, with a business your bank needs to be your partner not your enemy. If you find yourself begging for consideration, it’s time to find a new bank fast.

Zardari’s NAB cases adjourned till Nov 26


Islamabad: An accountability court has adjourned the hearing of six corruption cases against Asif Ali Zardari until Nov 26 and again issued notices to the National Accountability Bureau and the former president, says a news report.
Former federal law minister Farooq H. Naek submitted his power of attorney on behalf of Mr Zardari in the court informing it that the former president could not appear in court as he had to attend a conference on democracy outside the country.
Naek also sought more time from the court to prepare for the case and said he would personally apprise Mr Zardari over the court notices.
The court then issued notices to the former president and the NAB for re-opening of the corruption cases and said it could initiate proceedings if Mr Zardari did not appear for the next hearing.
The hearing was adjourned until Nov 26 with the mutual consent of NAB’s additional prosecutor general and counsel for Mr Zardari, Farooq H Naek.
The cases against Mr Zardari contain charges of kickbacks and commission from SGS PSI Company for pre-shipment inspection, grant of a licence to ARY Gold causing losses to national exchequer, receipt of illegal gratification and commission in purchase of URSUS tractors under the Awami Tractor Scheme, illegal award of a contract to Cotecna for pre-shipment, possession of assets beyond means and receipt of kickbacks from Sajjad Ahmad, a former chairman of Pakistan Steel Mills.
The Cotecna corruption reference was initially prepared by Saifur Rehman, the chairman of Ehtesab Bureau during the second government of Nawaz Sharif. Former prime minister Benazir Bhutto and Mr Zardari were the main accused and Nusrat Bhutto, former chairman of the Federal Board of Revenue A.R. Siddiqui and six directors of the Swiss company, Cotecna, were co-accused. Benazir Bhutto and Mr Zardari had been accused of taking as kickback six per cent of the total value of $131 million pre-shipment contract awarded to the Swiss company.
- See more at: http://www.saach.tv/2013/10/29/zardaris-nab-cases-adjourned-till-nov-26/#sthash.xwEQ4pbL.dpuf

Alleged dacoit killed, 4 arrested in encounter in Karachi


KARACHI: An alleged armed robber was killed while four others including a woman were arrested after an encounter in PECHS area of Karachi on Tuesday, Geo News reported.

According to the police, a car dealer named Sher Afgan was on his way to home after dropping his children to school when he was kidnapped and made hostage by unknown culprits in PECHS block 2 area.

However, the police reached on time and faced shooting by the kidnappers. During the counter with the assailants, an alleged robber was killed while four others were arrested including a woman.

The attackers belong to Malir area and were wanted in several other crimes including loot, and had been previously detained as well, police added.

Islamic Economic Forum begins


Islamabad: Prime Minister Nawaz Sharif will be among the prominent leaders from the Muslim world at the ninth World Islamic Economic Forum opening in London which would encapsulate the emergence of new economic linkages between nations across borders, religions and cultures in a fast changing world, says a news report.
The underlying theme of “Changing World: New Relationship”, will be examined across the framework of policy business, technology and finance with fresh presentations from industry leaders, frank and insightful discussions among senior representatives from key players and valuable inputs from analysts.
WIEF will bring together more than 1,500 thinkers, policy-makers and corporate leaders to discuss immediate and long-term issues surrounding all forms of business.
This year, the forum will provide a high-level platform for leading global government leaders, captains of industries, academic scholars, regional experts, professionals, corporate managers, policy makers, innovators, business leaders and investors to discuss opportunities for business partnerships in the Muslim world.
The three-day conference will specifically devote ‘invest programmes’ on Pakistan, Bosnia and Afghanistan.
According to a document prepared by the Forum secretariat for delegates, the Islamic financial services industry has evolved in the aftermath of the financial crisis to provide alternative means of financial intermediation and a more diversified platform for allocating investible funds.
Islamic finance assets were estimated at $1.6 trillion as at end-2012 and a growth rate of 20.4 per cent year-on-year. Between 2008 and 2012, Islamic finance assets have grown at a compounded annual growth rate (CAGR) of 19.5 per cent. Market consensus is that total Islamic financial assets will reach $6.5 trillion by 2020
- See more at: http://www.saach.tv/2013/10/29/islamic-economic-forum-begins/#sthash.QeXA5XSO.dpuf

NWA family recounts drone terror in visit to US


WASHINGTON: Nabila Rehman was picking okra in her family garden last year when missiles from a drone rained down from the sky, killing her grandmother and injuring her and seven other children.

The nine-year-old girl from North Waziristan Agency (NWA) now has a question for the US government: "What did my grandmother do wrong?"

Rehman's father has traveled with her from Pakistan's North Waziristan
region to Washington, along with her 13-year-old brother, who was also wounded by shrapnel, to put a human face on America's drone campaign.

Their account was cited last week in an Amnesty International report that demanded an end to secrecy around the drone attacks and questioned US claims the missile strikes in Pakistan's tribal belt are carried out only against imminent threats with minimal civilian casualties.

Nabila's father, Rafiq Rehman, said he accepted an invitation from a
documentary production company to come to the United States because "as a teacher, I wanted to educate Americans and let them know my children have been injured."

"My daughter does not have the face of a terrorist and neither did my
mother. It just doesn't make sense to me, why this happened," he told AFP in an interview.

The Rehmans said they have no connection to any anti-US extremists or
Al-Qaeda militants, and as they mourned their grandmother, they were confounded by inaccurate accounts of the October 2012 bombing raid.

Media reports afterward confirmed a drone strike took place, but said
missiles hit a house, with one version alleging a car was struck and several militants killed.

But the Rehmans said no building or car was directly hit in the attack, and that paved roads are some distance away. They say missiles landed in the field where their grandmother was teaching Nabila how to recognize when okra are ripe enough to pick.

After a loud boom, "where my grandmother was standing, I saw these two
bright lights come down and hit her," said Nabila. "And everything became dark at that point."

She noticed blood on her hand and tried to wipe it away with her shawl.
"But the blood just kept coming," she said. Shrapnel lodged in her right hand and she was treated at a local hospital. Her brother, Zubair, suffered shrapnel wounds to his left leg, which required two operations.
His family had to take out a loan to pay for the surgery.

Since the attack, Zubair said he has trouble sleeping and no longer goes
outside to play cricket. "I don't feel like going outside and playing with my friends. I don't feel like going to school. It's really destroyed my life," he said.

His sister said the US government's explanation for drone strikes did not apply to her family. "When I hear that they are going after people who have done wrong to America, then what have I done wrong to them? What did my grandmother do wrong to them? "I didn't do anything wrong," she said.

The Rehman family's experience features in a new documentary, "Unmanned:
America's Drone Wars," which takes a critical view of the air strikes.

On Tuesday, the Rehmans will appear at a press conference in Washington
with a member of Congress, Alan Grayson, a Democrat from Florida.

"When it comes to national security matters like drone strikes, it's
important that we hear not only from the proponents of these attacks, but also from the victims," Grayson said in a statement.

In their village in North Waziristan, there is the constant buzz of drones overhead and even small children learn to identify the sound, the father said. Rehman said all he wanted was "peace" and to end the violence that claimed his 63-year-old mother.

"I believe there are better ways to go about it than these drones, perhaps through discussions and negotiations with whoever they are targeting."

The US government insists the drone strikes are a legal means of
"self-defense" and an effective tool in the fight against Al-Qaeda, arguing other methods would put more lives at risk.

Rehman's Pakistani lawyer, Shahzad Akbar, who represents others who say
they are victims of drone strikes, had planned to accompany the Rehmans but the State Department denied him a travel visa for the trip, according to Jennifer Gibson, a lawyer with Reprieve, which works with Akbar.

The Rehmans "are not asking for money. They want answers," she said.
"They hope that by coming here and saying we're the faceless people who you keep counting as numbers, somebody is going to start listening and questioning if this is really a smart policy."
 

LB elections schedule to be announced next month: ECP


ISLAMABAD: The Election Commission will announce the schedule for Local Bodies (LB) elections in Sindh, Punjab and Balochistan in November.

According to ECP sources, the LB election in Sindh will be held on November 27 and the commission will announce the schedule on November 5. Nomination papers for Sindh will be received on November 5. Objections to the nomination will be submitted on November 6, while they will be scrutinized on November 7-8.

Election symbols for the LB polls in Sindh will be allotted on November 13. The results for the election will be announced on December 3.

The LB elections in Punjab and Balochistan will be held on December 7 and the ECP will announce the schedule on November 5. Nomination papers will be received by November 8-10. Objections to nominations will be received by 11-12 November, while the scrutiny phase will be held on 13-15 November.

Appeals against rejected nomination papers will be heard on 16-18 November, while nomination papers can be withdrawn by November 22.

Doctron Ke Panchon Ghee Main By Muhammad Izhar ul Haq

Monday, October 28, 2013

Bank Loan-Where to go to get a fair deal on a bank loan


A bank loan is now available from an increasingly broad range of lenders, but the interest rates vary wildly too. To get a good rate, you need to think about what the loan is for, what your credit record is like, and whether you need extras like repayment insurance.
A bank loan is an amount of money agreed with the bank that you borrow, and repay with interest across an agreed term. Usually, you’ll pay equal monthly instalments- part of which is the loan amount, and part of which is interest. So you will pay back more than you originally borrowed. Personal loans are usually economical up to 5 years- (although many banks will lend across up to 7 years). Thereafter consider a home loan if you have equity in your house. Before getting a bank loan consider carefully whether you need to borrow, and what it’s for. Debt consolidation, for example, can cost dearly- so be sure to get the best rate.

You can get a bank loan from plenty of places- not just banks. Supermarkets like Tesco and Sainsbury’s have banking arms which will lend to you. Consider also internet banks like Cahoot, Smile or First Direct. Finally, if you’re in credit difficulties, there are specialist lenders like Purple Loans who can also help.

Note that the interest rate you pay on your bank loan will not necessarily be the one you see quoted in literature. Usually the rate is based on your creditworthiness, which will be ascertained partly on your credit history (this is known to most financial organisations) and partly on the information you give on your application form. If you’re deemed to have good credit, you’ll get a lower interest rate than a bad debtor. If you’re refused credit, the bank won’t have to tell you why; but you do have the right to see your credit record, which is held at credit reference agencies like Experian. It usually costs £2, and if your record is wrong, you can have it changed free of charge.

America Ki Rukhsati Aur Secular Liberal Hazrat Ka Almia by Orya Maqbool Jan

25 female workers fall unconscious at Karachi factory


KARACHI: At least 25 female workers of a garment factory fell unconscious and were taken to the Jinnah Hospital for treatment.

It was initially reported that the female employees fell unconscious after a taxi gas leak at the factory situation in the Landhi Export Processing Zone. The toxic gas claim was disputed by the factory’s workers and later by the media coordinator for the Export Processing Zone.

The media coordinator said a female factory worker saw a "ghost in the washroom," following which she screamed and panic ensued. The coordinator claimed that it was during this panic that the workers were injured.

There are approximately 4,000 workers employed at the factory.

Storm kills three in UK and Netherlands, shuts down power, trains


 A strong storm battered Britain and the Netherlands on Monday, killing three people, cutting power and forcing hundreds of plane and train cancellations as it moved on across mainland Europe.
Winds of up to 99 miles per hour (160 km per hour) lashed southern England and Wales, disrupting the travel plans of millions of commuters - the worst storm recorded in Britain in a decade.
A 17-year-old girl was killed when a tree fell onto her home while she slept in the county of Kent, southeast of London, while a man in his 50s was killed when a tree crushed his car in the town of Watford, just north of the capital.
Heavy winds also swept across the low-lying Netherlands, uprooting trees and shutting down all train traffic to Amsterdam. They were forecast to peak at more than 130 kph by early afternoon.Thin volumes on London's financial markets suggested many traders had been stuck at home. A crane smashed into the Cabinet Office, a ministry in the heart of London, forcing Deputy Prime Minister Nick Clegg to cancel a press conference.
A woman was killed and two people were seriously hurt by falling trees in the Dutch capital and a ferry carrying 1,000 people from the English city of Newcastle was unable to dock in the port of IJmuiden and returned to sea, RTL television said.
Fifty flights at Amsterdam's Schiphol airport were cancelled and Rotterdam Port, Europe's busiest, said incoming and outgoing vessels were delayed.
In France, winds topping 100 kph struck the north and northwest, felling trees, whipping up seas and cutting power supplies to around 75,000 homes, according to the ERDF electricity distribution company.
"The thing that's unusual about this one is that most of our storms develop out over the Atlantic so that they've done all their strengthening and deepening by the time they reach us," said Helen Chivers, spokeswoman for Britain's Met office on Sunday.
"This one is developing as it crosses the UK, which is why it brings the potential for significant disruption ... and that doesn't happen very often."
The worst of the storm in Britain had passed by late morning, despite strong winds still battering the east coast, a Met Office spokeswoman said. It was headed towards the Netherlands.
TRADING HIT
London-based trading in sterling against the dollar and the euro was particularly hit, with volumes at around two thirds of normal levels, while British government bond trading was running at barely half its normal volume.
In southern England, toppled trees damaged properties and flooding made some roads impassable.
About 180,000 customers in Britain were left without power in one of the worst storms to hit England since the 1987 "Great Storm" which killed 18 people and felled around 15 million trees.
A 14-year old boy was missing after being swept out to sea on Sunday afternoon before the storm hit. Police said rescuers were forced to call off a search for him late on Sunday due to the pounding waves.
London's Heathrow airport said 130 flights were cancelled, the majority between 0600 and 1100 GMT and told passengers to check with their airlines before travelling.
As the working week began, London's commuter train service was shut down while several Tube lines, which run both underground and overground, were partially suspended due to obstructed tracks.
The Highways Agency, which operates the road network in England, said high winds had forced the closure of the Dartford Crossing, a major motorway bridge linking London to the county of Essex in the east. The Severn motorway bridge linking England to South Wales was also shut down.
Met Office spokesman Dan Williams said the last such comparable storm - taking into consideration the time of year and area affected - was in October 2002.

news

PAF chopper crashes in Gujranwala

آرمی کا گن شپ ہیلی کا پٹر راہوالی کینٹ کے قریب گر کر تباہ،پائلٹ محفوظ رہے

گوجرانوالہ (دنیا نیوز)گوجرانوالہ میں فنی خرابی کے باعث آرمی کا گن شپ ہیلی کا پٹر راہوالی کینٹ کے قر یب گر کر تباہ ہو گیا،پا ئیلٹ اور کو پا ئیلٹ محفو ظ رہے ،آرمی جوانوں نے علا قے کو گھیرے میں لے لیا،امدادی کا روائیاں جاری ہیں۔ابتدائی معلومات کے مطابق آرمی کا گن شپ ہیلی کاپٹر منگلہ سے گوجرانوالہ کینٹ آ رہا تھا راستے میں فنی خرابی کے باعث ہیلی کاپٹر راہوالی کینٹ کے قریب جی ٹی رو ڈ پر واقع مدینہ کالونی میں آبادی کے قریب کھلی جگہ پر گر کر تباہ ہو گیا تاہم ہیلی کاپٹر میں سوار پائیلٹ میجر فرقان اور میجر عمران معجزانہ طور پر محفوظ رہے۔ذرائع کے مطابق دونوں پائیلٹس کو معمولی زخمی ہونے کی بناء پر طبی امداد کیلئے سی ایم ایچ منتقل کر دیا گیا ہے۔عینی شاہدین کے مطابق ہیلی کاپٹر کا ایک پر پرواز کے دوران وڑائچ ٹائون میں گر گیا تھا تاہم پائیلٹس نے دانشمندی کا مظاہرہ کرتے ہوئے آبادی پر ہیلی کاپٹر گرنے سے بچا لیا جو مدینہ کالونی کی آبادی کے قریب خالی جگہ پر گر کر تباہ ہو گیا۔ہیلی کاپٹر کے گرنے کی اطلاع ملتے ہی علاقہ کے لوگ بڑی تعداد میں موقع پر جمع ہو گئے جبکہ آرمی کے افسران اور جوان بھی مو قع پر پہنچ گئے اور علا قے کو گھیرے میں لیکر امدادی کا روائیاں شروع کر دیں۔

Sunday, October 27, 2013

New law shakes up insurance buying process

It'll now be harder for insurers to turn down claims on the grounds of the non-disclosure of relevant information, thanks to the first change in the UK's insurance contract law in more than 100 years.
The Consumer Insurance Act came into force on April 6, and is the first major legal change the industry has seen regarding non-disclosure since 1906. It should mean greater protection for consumers, provided they do not deliberately lie to an insurer about their circumstances.
Here's a quick Q&A on what the Act entails and how it will affect the way you buy car, home or any other kind of insurance.

What's changing?

When you buy insurance now, the insurer will have to ask you a series of questions to find out specific details about your circumstances. The Consumer Insurance Act will then protect you if you unwittingly give them incorrect or incomplete information - since they should have asked you specifically for it.
It means that the insurer won't be able to turn down a claim on the grounds that you failed to disclose certain bits of information - basically shifting the onus to them to ask for the information, rather than on you to volunteer it.
Of course the Act won't protect you if you carelessly or deliberately lie about your circumstances.

Why is it changing?

Given that contract law around buying insurance hasn't changed in more than a century, it's probably high time it was updated.
That's not to say insurance has stayed the same since 1906 - because insurers have been continuously improving their proposal forms to make things easier and clearer for customers.
And there have been other movements too, such as the Association of British Insurers' (ABI) code of practice on non-disclosure, designed to reduce the number of claims that get turned down because the insurer says the customer failed to disclose important information.
The ABI said: "We want customers to take out insurance policies with the confidence that they are covered. By placing a legal duty on insurers to ask customers all relevant questions at point of sale, people will know exactly what they need to disclose upfront."
The Act has also been introduced to help insurers tackle fraudulent claims, by making sure the questions asked by insurers are clear-cut enough to stop people from providing false information on purpose.

Which insurance products are affected?

The Act affects any personal insurance policies, so things like car, home, travel, health, pet, life, critical illness and income protection insurance. It also applies to pension annuities.
You'll be protected regardless of where you buy cover, whether it's from a broker, directly from an insurer or through our insurance channel or other comparison websites.

Will I notice the change?

As the onus to get all the relevant information is on the insurer, you probably won't notice a great deal of difference due to the Consumer Insurance Act - especially since insurance providers and industry bodies have been refining their approach over the past 30 years to make sure consumers get a fair deal.
The Act itself will just set an official, industry-wide standard for insurers to abide by.

Can insurers still turn down a claim for non-disclosure?

Yes, there will still be circumstances where a claim is turned down because a customer failed to disclose the correct information - but only in instances where the customer deliberately, carelessly or recklessly gives incomplete or incorrect information to the insurer.
Basically, if you're intentionally lying or withholding the truth about your circumstances, you could still have your claim rejected.
This means it's important to make sure you answer each of the insurer's questions to the best of your knowledge, and if you're unsure of something you need to ask your insurer about it directly.

What about renewals?

The Consumer Insurance Act will also apply to any policy renewals after April 6, which means you must check the renewal notice carefully and report any inaccuracies to the insurer. Failure to do so could result in your claims being rejected on the grounds of non-disclosure.

FIR filed against singer Aini Khalid


Islamabad: Renowned Pakistani singer Aini Khalid subjected to case of Treachery and for this purpose First Information Report (FIR) has been registered against her at Kohisar prison.
According to media reports, this case has been registered against her at Islamabad’s Kohisar prison on the request of her ex husband Malik Noraiz Awan.
According to statement by Malik Noraiz Awan said that his ex wife did investment with an amount of 10 million and he has all the written record of it.
But Aini did not give any profit to him and kept all with herself. Sources claim a case was registered on behalf of proof provided by Aini’s ex husband.

UN Chief urges Pak, India to resolve LoC tensions



New York: UN Secretary-General Ban Ki-Moon has urged Pakistan and India to resolve the ongoing tensions along Line of Control through dialogue, say media reports.
The Secretary General’s Spokesman told reporters in New York on Saturday that the United Nations was obviously aware of the reports of exchanges of fire along LoC over the past few weeks.
He said the discussions that did take place between the prime ministers of two countries on the margins of the UN General Assembly session last month were important‚ and the secretary general would wish to encourage such meetings.
- See more at: http://www.saach.tv/2013/10/26/un-chief-urges-pak-india-to-resolve-loc-tensions/#sthash.3cltKV8B.dpuf

Internet Bank - An analysis of the explosion in internet banking facilities in the UK


An analysis of the explosion in internet banking facilities in the UK.
In three years, use of internet bank accounts has increased ten-fold, as services become accessible to ordinary people and not just tech-savvy computer nerds. Simplicity, convenience and the wealth of online-only deals and offers are all reasons we’re parking the car and going online to bank.
The development of internet bank accounts and online banking has been startling. In 1995 there were no online banks. The number of personal accounts accessed by computer increased by nearly 50 per cent in 2002 to almost 13 million, a ten-fold increase on the number just three years before.

There are several good reasons for this. Firstly, there is a totally new breed of internet bank- operations not tied to the existing banks (although many are now operated by large banking organisations); these have offered completely new bank accounts and services you couldn’t get before. This has attracted entirely new customers to banking and improved customer choice for existing customers.

Secondly, more people are hooked up to the internet than ever before- this ties in with better security and evaluation of security for internet bank operations. We now feel relatively safe passing credit card details and accessing our private accounts online.

Thirdly, even where internet bank accounts are just an extension of high street accounts, we’re beginning to appreciate the convenience and reduced cost of banking online (even it just means not paying for parking in our high streets- where trade is rapidly dwindling in all retail sectors). In the next five years, expect online banking to improve further, so that the full range of banking products (and even face-to-face meetings with your manager) can happen in the online environment.

Operation targeting 'innocent MQM workers': Haider Abbas

KARACHI: Muttahida Qaumi Movement (MQM) leader Haider Abbas Rizvi Sunday reiterated that ‘innocent’ workers of his party were being taken into custody in the ongoing crackdown on the criminal elements in the metropolis.

Addressing a press conference here at MQM headquarters Nine Zero, Rizvi renewed his party’s demand that the Federal Interior Minister form a committee to monitor the operation in accordance with his promise.

He said that an MQM worker, Dilshad Ahmed, was rounded up on October 23 and latter handed him over to his brother on October 25 in what he described as a critical health condition. “This is the reason why Altaf Hussain had demanded an army operation in Karachi,” he added.

Haider Abbas Rizvi questioned the human rights organizations if they are not going to raise their voice against the operation, which, according to him, was targeting the innocents.

He appealed to the Chief Justice of Pakistan to take notice of what he termed the killing of Dilshad Ahmed and added that steps be taken for ‘the recovery of the missing MQM workers’.

Rangers, police arrest over 60 accused, recover arms


KARACHI: Rangers and police, in joint operation, arrested over 60 accused including target killers, extortionists and members of banned outfit, Geo News reported.

According to details, police and paramilitary force conducted targeted operation in Lyari, Memon Nagar, Muzaffar Colony, Singoline, Dera Rehman, Hazara chowk, Nazimabad, Frontier colony, Metroville Site and other areas and arrested over 60 accused.

Around 287 small and large arms of different kinds were also recovered from the possession of accused.

Those arrested included extortionists, target killers, activists of banned outfit and accused belonging to political party.

An alleged target killer, identified as Faisal Naseer alias Kachho, was arrested from Shamsi society, Malir. Arms were recovered from his custody.

It is said that Faisal belongs to a political party and has been involved in target killings.

Speaking to media, Brigadier Hamid said Rangers will eliminate criminal elements in the port city and such elements will not let escape. Only peace loving people will be allowed to live here, he added.
 

PTI's anti-drone stand now a national demand: Qureshi


MULTAN: Pakistan Tehreek-e-Insaf (PTI) leader, Shah Mehmood Qureshi, Sunday said the stand that his party took against US drone attacks had now become the demand of the whole nation, Geo News reported.

“Today, the whole country was saying the same thing what PTI started years ago”, said he addressing a press conference here.

Replying to a question, he said that PTI was facing difficulty naming an opposition leader of its choice owing to a shortage of seats.

“We are compelled to compromise on certain issues in order to reach the needed majority to change the opposition leader”, said he.

Qureshi, however, added that the nation has appointed Imran Khan as the leader of the opposition unanimously.

To another question he said that the government should not forget that the Taliban had tied peace talks with a drone ceasefire.

Bank Account - What to look for when selecting a bank account


Most banks now offer at least three types of bank account. Even basic accounts offer a cashcard; premium accounts have a whole raft of services bolted on. Very few current accounts remain just a place to put your cash, so tot up the benefits and shop around before deciding where to put your salary each month.
A bank account is no longer just a place to put your money so that it’s safe and you can write cheques. For starters, current accounts can offer interest- but rates vary wildly. The good internet banks can offer up to 30 times as much interest as the high street banks!

But there are plenty of other things you should be aware of. Do you get a cashcard, a cheque guarantee card, a switch card (or all three in one card) with your bank account? Ask what charges are like- for going overdrawn or for simple services like getting an extra statement sent out. Overdraft fees vary from 8% to 34%! And can you get an overdraft at all- some banks offer £500 with no questions asked; others will expect you to fight tooth and nail.

A new breed on the scene is the premium bank account. These charge a modest fee (£5 to £10 per month) and offer a bunch of extras, usually cheaper borrowing, travel insurance, roadside rescue and shopping. If you use these services,

And do you have easy access to your bank and more importantly your manager? NatWest have stopped using call centres and offer you direct access to your branch- in general that’s a good thing.

Finally watch for special services that might be a bonus. Abbey National for example offers “sweeping”- automatically putting spare money each month into a savings account, offering you better interest. Many internet banks also allow you to offset interest on your current account against a mortgage.

So tot up the benefits- your bank account should include extras and benefits, it’s no longer the same as a piggy bank or a box under your bed!

PCB to protest ball tampering ‘leniency’


Lahore: Chairman Pakistan Cricket Board (PCB), Najam Sethi has said PCB is writing a letter to ICC seeking explanation of inconsistency by match referee in application of ball tampering rule to Afridi vs Faf.
Talking to a private TV channel, he said that the issue of ball tampering could not be ignored.
He said that a wave of public outrage was witnessed in Pakistan due to soft punishment to the South African player on ball tampering.
He said that PCB had reservations on different attitude of ICC toward Pakistani and SA players. The letter would be sent to ICC till Monday in this regard, he said.
He said that PCB wanted to know the considerations of ICC in recent ball tampering issue.

Landlord Insurance :What you should know if you're a landlord


Today's deflated housing market has brought with it raft of consequences that the country's homeowners would not have even thought possible back in the property hey day.
One of these is the rise of the accidental or 'reluctant' landlord - a term given to people forced to rent out their home as they simply can't sell for the price they need.
The number of people with lodgers has also soared as the recession bites. New research from Abbey found that the number of lodgers has tripled over the last 12 months as homeowners seek to boost their income.
The other thing that we're seeing is investors who've watched house prices fall now looking to take advantage of desperate sellers and bag themselves a bargain.
Whatever your situation, there are financial implications you should be aware of. From mortgages to tax-breaks to insurance, we take a look:

The accidental landlord

Unable to sell, the next obvious step is to rent out your entire home, relocate to your own rental property and wait for prices to recover while continuing to chip away at the capital debt on your mortgage.
But it's not quite that straightforward. Simply handing over the keys to suitable-looking tenants and moving out will invalidate the terms and conditions of your mortgage. In short, this means your lender could take your home back into possession at any time.
In this case, you will need to inform your mortgage lender of your plans. But - providing you can demonstrate the move is a last resort rather than for 'commercial gain' - it should offer you consent to lease. This means staying put with your existing residential mortgage opposed to switching to a considerably more expensive buy-to-let deal.
A 'consent to lease' charge may apply, however, typically between ₤100 and ₤200. Alternatively, your lender may add a small loading onto the interest rate you pay and/or set down a deadline by which you need to reoccupy your home.

The investor

The law of the modern jungle dictates that, where a recession removes choices for some people, it presents choices for others. For the cash rich then, now could be an ideal time to start out in property investment. That's if you have a robust credit rating, around a 30% deposit and proof that the rent generated by a property equates to at least 125% of the mortgage interest payments.
Louise Cuming, moneysupermarket.com's mortgage expert, said: "The housing slump has created a raft of property bargains which - unobtainable to many first-time buyers due to a lack of mortgage funding - are being snapped up by investment landlords."

What are the best buy-to-let mortgages?

Top of the buy-to-let mortgage tables is currently a 4.15% two-year fix rate with tie-ins to match from BM Solutions. But in return, landlords will need a 40% deposit and a hefty arrangement fee of 3% of the loan.
Investors who can only lay their hands on a 25% deposit will find the best deal is a lifetime tracker mortgage from Chorley Building Society, payable at a current 4.95%. The arrangement fee is still 2% of the amount borrowed but it will only cost seven days' gross interest to redeem the loan at any time.

Checklist for all landlords

Whether you plan to be a landlord or not, the same rules will apply. Take the following:
Get energised: Since October last year, all landlords are required to provide an Energy Performance Certificate. As it says on the tin, this measures how energy-efficient the property is on a scale of A to G and gives tenants a benchmark of what bills will cost. Prices for EPCs start at around £100.
Surrender your deposit: In a bid to protect the country's renting population the Government now insists that all landlords put their deposit (typically six weeks' rent) into an authorised tenancy deposit protection scheme within 14 days of receipt. You can find more details at www.depositprotection.com.
Get covered: As a landlord, you are responsible for the bricks and mortar of your home so getting adequate buildings insurance in place will be your responsibility. Even if your property is let unfurnished, it's still advisable to have contents cover for things such as carpets and curtains.
There are additional insurances that are also sensible too. For example to cover you in the event that your tenant fails to pay the rent or even if they make a claim against you from having an accident in your property.
A standard insurer probably won't cover you, but there are specialists who offer cover for landlords. These include CIA Insurance, Simply Business and Simple Insurance.
For more information visit moneysupermarket.com's insurance channel.
Get safe: The law requires that landlords have a gas safety certificate in place before the tenant moves in. It will cost around £100 and must come from a Gas Safe Register (formerly Corgi) engineer.
Securing the deal: Most mortgage lenders will insist that you have an assured shorthold tenancy agreement in place that sets down terms and conditions, and length of tenure.
Don't forget the tax breaks: Rental income is liable to tax. However, landlords can offset many of their costs through taxable allowances which can significantly cut the size of your tax bill - you may even be able to cut it to zero.
You get tax relief on things such as mortgage interest and professional fees - solicitor's and estate agent's costs. You can also deduct the cost of replacement furniture, white goods and furnishings. It's well worth getting a good accountant for this.
Rent-a-room: If you're one of the growing number of live-in landlords and are letting one of your rooms out to a lodger, you will still be liable to pay tax on the income. However, the first £4,250 you receive in rent is tax-free so your bill may not as much as you were expecting. According to Abbey, average rent charged per room is £393 a month. So at £4,716 a year this leaves just shy of £500 as taxable income.