Literary personalities are joint icons for Pakistan, Afghanistan: Dr Omer

peshawar seminar

By Said Rasool Betani

PESHAWAR: Afghan Ambassador Dr. Umer Zakhilwal has said Literary and Academic Personalities are joint icons of the Pakistan and Afghanistan people and their exemplary work are promoting Understanding, Peace and dialogue between two neighboring countries.

He was speaking at a joint Seminar aiming Culture and Academics that was organized with the collaboration of University of Peshawar” Pashto Academy “and Nangarhar University at Pashto Museum. Afghan Ambassador to Pakistan Dr Omer  Zakhilwal and  Pro Vice Chancellor Dr Muhammad Abid were the chief guests  along this Mr Lal Bacha Azmoon Presidential advisor for social and academics affair, Dr Nasrullah Jan Wazir Director Pashto Academy and noted Politician Afrasiab Khattak  were among the guests . Elder Peer Sufaid Shah Hamdard Founder of Pashto Daily Wahdat, Former Director Pashto Academy  Dr  Salma Shaheen, famous Drama writer Noor -Ul–Basher  Naveed, Dr Abaseen Yousafzai Chairman of  Pashto Department Islamia College University Peshawar  and  other well-known writers, scholars, poets including journalists and large capacity of university students   attend the seminar.

Dr Omer afghan ambassador

Dr Nasrullah Jan Wazir Director Pashto Academy welcomed to all  participants and said the purpose of the seminar is  to establish the mutual understanding and collaborations between  both Universities  in field of  literature and  research mechanism. He added our consultative meetings are in progress and we will sign Memorandum of Understanding (MOU) soon.

Addressing to participants speakers said that Pashtuns Nation both side of the Durand line suffered a lot from terrorism and faced very difficult situations. They said it is terrible that Pashtun young generation are talking on social Media and making joke the great joint heroes and personalities. They urged that talks and dialogue culture should be promoted for the cause of unity, prosperity and development between two countries.

Afghan Ambassador Dr Omer, on the behalf of Afghan president Dr Ashraf Ghani, awarded 13 literary personalities  including journalists with gold medals named as ‘Ghazi Mir Bacha Khan ‘ and paid tribute to their services.

Vice Chancellor Nangarhar University Babrak Mia Khail told to scribe that we are doing the efforts to sign the MOU with University Of Peshawar in various field to connect both universities students and faculty members. He maintained that this connection will help  promote the comprehensive  research culture among the students. He said our most of things are similar like religion, language and culture that’s why bilateral relations and co-operation is need of the day to defeat the hate culture between the Afghanistan and Pakistan People.

CCP moves against PTCL 6 years after issuing Show-Cause in 2012

CCPCCP

Corporate Ambassador/ISLAMABAD: The Competition Commission of Pakistan (CCP) has passed an order assuming its jurisdiction in the matter of Show Cause Notice issued to Pakistan Telecommunication Company Limited (PTCL) forprima facie abusing its dominant position in violation of Section 3 of the Competition Act, 2010.

The Show Cause Notice was issued to PTCL in 2012 after the conclusion of the enquiry on the complaint filed by Micronet Broadband Limited, LinkDotNet Telecom Limited, and Nexlinx Limited (Complainants). It was brought to the notice of CCP that PTCL had abused its dominant position in the market for the provision of DSL services through the practices of predatory pricing and refusal to deal. CCP’s enquiry determined that PTCL being a dominant player in the upstream market for access to copper infrastructure was restricting competition through the practice of margin squeeze, which forced five out of 11 of PTCL’s competitors out of market and discouraged the entry of new players. This anti-competitive practice prima facie constitutes the abuse of dominant position and violation of Section 3 of the Competition Act.

 

Meanwhile, after the initiation of enquiry the Complainant withdrew the complaint, however, the CCP continued with the conclusion of the enquiry as per law. Upon issuance of Show Cause Notice, PTCL filed a writ petition in the High Court challenging CCP’s jurisdiction in the matter and the proceedings before the Commission were suspended on 28 June 2012. While, PTCL was successful in delaying the proceedings before the CCP through the stay order, however, with the persistent follow up by the CCP, Islamabad High Court vide its Order dated 22 November 2017 allowed the CCP to proceed in the matter, but not to pass any final order. Later on the Honorable Islamabad High Court vide its Order 22 January 2018 mandated the CCP to decide the issue of maintainability in terms of the jurisdictional objections raised by PTCL. In fact the Honorable Islamabad High Court recognized the jurisdiction of CCP subject to determination of maintainability by CCP through an Order.

After hearing the parties, the CCP’s bench passed the order addressing the questions of its jurisdiction in the matter and the maintainability of the show cause notice.

CCP held that although Pakistan Telecommunication Authority (Re-organisation) Act, 1996 has a general provision of regulation of competition, which was inserted in 2006, however, no specific provision is available which provides for prohibition of any anti-competitive behaviour or a remedy against an anti-competitive situation. On the other hand the legislature in all its wisdom has deliberately entrusted the CCP with the exclusive mandate of regulating anti-competitive conduct and not only provided for prohibitions of anti-competitive conducts under Chapter II of the Act but also provided for remedies against such conduct.

It is important that while determining the maintainability of the matter, CCP in its Order observed that the CCP is entrusted with the responsibility of looking after the interest of general public vis-à-vis anti-competitive conduct and to create a level playing field in order to enhance economic efficiency in all spheres of commercial and economic activity and that too in the public interest, such like the one alleged against PTCL in the instant matter. Hence, the unilateral withdrawal of the complaint by the Complainants does not prejudice the proceedings against PTCL pending before the Commission.

CCP further observed that public interest matters have an impact on the wider society. It held that ‘The compulsions for the judicial innovation of the technique of a public interest action is the constitutional promise of a social and economic transformation to usher-in an egalitarian social order and a welfare-State.’  Once CCP recognizes its jurisdiction over a public interest matter, the Complainant was not entitled to halt the proceedings by unilateral withdrawal, since the interest of the public at large is now at stake independent of the Complaint and its withdrawal in the matter. It was held that the Complainant may withdrew itself from the proceedings, however, the proceedings against PTCL are maintainable and would continue.

 

CCP will now proceed in the matter of show cause notice issued to PTCL for prima facie abuse of dominant position. This is the first time the Honorable High Court allowed CCP to decide the maintainability of the proceedings pending before CCP.

Record 7,579 incidents of wildfire occur in California in 2018

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Corporate Ambassador Report

The year 2018 is the most destructive wildfire season on record in California, with a total of 7,579 fires burning an area of 1,667,855 acres (674,957 ha), the largest amount of burned acreage recorded in a fire season, according to the California Department of Forestry and Fire Protection (CAL FIRE) and the National Interagency Fire Center (NIFC), as of November 11. The fires caused more than $2.975 billion (2018 USD) in damages, including $1.366 billion in fire suppression costs. Through the end of August 2018, Cal Fire alone spent $432 million on operations.

california fire1

The Mendocino Complex Fire burned more than 459,000 acres (186,000 ha), becoming the largest complex fire in the state’s history, with the complex’s Ranch Fire surpassing the Thomas Fire and the Santiago Canyon Fire of 1889 to become California’s single-largest recorded wildfire. In mid-July to August 2018, a series of large wildfires erupted across California, mostly in the northern part of the state, including the destructive Carr Fire and the Mendocino Complex Fire. On August 4, 2018, a national disaster was declared in Northern California, due to the extensive wildfires burning there.

In November 2018,  winds caused another round of large, destructive fires to erupt across the state. This new batch of wildfires includes the Woolsey Fire and Camp Fire, the latter of which has thus far killed 94 people and destroyed more than 10,321 structures, becoming both California’s deadliest and most destructive wildfire on record.

california fire2

Many different factors led to the 2018 California wildfire season becoming so destructive. A combination of an increased amount of natural fuel and compounding atmospheric conditions linked to global warming led to a series of destructive fires. Recent research on wildfires in California, published in August 2018, predicted an increase in the number of wildfires as a consequence of climate change.

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OPEC crude oil further drops to below $65/barrel __ A Good News

OPEC Nov15

Corporate Ambassador/KARACHI: Finally, the OPEC crude oil has further dropped to below US$64 on Nov 15, 2018, showing a decrease of over US$15 per barrel in last few weeks in the wake of the US President Trump’s threat OPEC members of ‘consequences’ if the oil prices were not brought down. US President gave this threat in his Tweet, issued on Sept 20, 2018 and at a public speech later on when the OPEC crude oil price was hovering around US$80/barrel. Below of the tweet of the US President about oil prices and his threat to OPEC members.

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Trump tweet

In simple words, the US President’s threat to OPEC oil exporters has worked well and the international price of the crude oil has dropped by more than US$15 per barrel in few weeks.

The PTI government has increased domestic petroleum prices with effect from 1st of Nov 2018, at a time when the crude oil prices were declining in the international markets. Keeping in view US$15/barrel decline in OPEC crude oil, the PTI government must pass on this benefit to the consumers in the country in the shape of around 15 rupees per liter decrease in domestic oil prices as early as possible.

 

Alibaba’s mid-day sales hit record $24b, higher than annual exports of Pakistan

alibaba

Corporate Ambassador/ISLAMABAD:

Chinese e-commerce giant Alibaba’s sales hit the record of US$24.3 billion in the world’s biggest ever mid-day sale on Sunday during annual online shopping fiesta. The mid-day sales of ecommerce giant of China is much higher than annual exports of Pakistan which have gradually fallen from $25 billion a year a few years ago to around $22 billion.

Various platforms of Alibaba Group broke the 10 billion yuan (US$1.44 billion) sales within first two minutes as the ecommerce giant launched the 10th year of its iconic Double 11 shopping gala. Last year Alibaba group surpassed the single day sale record with more than eight hours to go before end of its 24-hour shopping festival that strengthened its position as the world’s biggest retail event and assuaging concerns that Chinese consumer sentiments is softening. Similarly, within half an hour of single day, 30 brands including Nike, Adidas, Uniqlo, Procter & Gamble, Ziaomi and Apple crossed 100 million yuan in sales. In just one second, 3,700 single’s day special edition MAC lipsticks were sold out.

In addition to this, Alibaba Group expects to price its initial public offering (IPO) at between US$60 and US$66 a share, it said in a filing to the US Securities and Exchange Commission.

It will sell more than 320 million American depositary shares (ADS) – meaning it could raise US$21.1 billion at the top end of the price range.

The underwriters have the right to purchase 48 million additional shares, which could take the total to US$24.3 billion. That would value the company at about US$163 billion.

Even if Alibaba is eventually priced at the bottom end of the range, and the option for additional shares is not exercised, it could raise at least US$19.2 billion – surpassing Visa, which raised US$17.9 billion in 2008 to become the largest IPO in the US.

Priced at the top end, and with the additional shares sold, it could beat the record US$22.1 billion raised in 2010 by Agricultural Bank of China.

Alibaba is expected to conduct IPO roadshows in Hong Kong, New York and San Francisco in the coming two weeks.

Ricky Lai, an analyst at Guotai Junan International, said Alibaba’s price range was about 13 per cent lower than expected. He attributed that to recent negative news about the company.

The company last month said it was selling its small-business lending arm to the parent company of Alipay, Small and Micro Financial Services. The move was seen as a bid to reduce exposure to loan risks ahead of the IPO.

“Alibaba has been the focus of the market. Its robust growth is expected to continue,” said Lai. “However, there has been some negative news recently. For example, China may impose a tax on online shopping.”

Chinese media reported last month that the State Administration of Taxation was studying a plan to bring in a tax on online stores. The move would have a huge impact on Alibaba’s Taobao – one of the most popular customer-to-customer platforms in China.

NBP joins hands with PRCS to extend community services across Pakistan

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ISLAMABAD: President National Bank of Pakistan (sitting first from right) is planting a small tree at the headoffice of Pakistan Red Crescent Society in Islamabad. PRCS President Dr Saeed Elahi and NBP Group Chief Shaukat Mahmood and other officials are seen in this group photo.

Corporate Ambassador/ISLAMABAD: A delegation of National Bank of Pakistan led by Mr. Tariq Jamali, President of NBP visited Pakistan Red Crescent Society National Headquarters here on Friday. The NBP delegation was received by PRCS Officers and was welcomed by Chairman PRCS Dr Saeed Elahi. The delegation was briefed about the PRCS ongoing humanitarian projects and initiatives in the Committee Room. PRCS Vice Chairman Mr. Naguib Ullah Malik, Treasurer & Member Managing Board Mr. Mumtaz Haider Rizvi, Member Managing Board Brigadier (R) Abdul Hadi, Acting Secretary General Mr. Khalid Bin Majeed and PRCS officers were also present at the occasion.

Speaking at the occasion Dr Saeed Elahi said that NBP has shown keen interest to support PRCS humanitarian initiatives which is highly praiseworthy. He said that he looks forward to further strengthen and enhance the cooperation between the two prestigious organizations in future.

NBP President2
Mr. Tariq Jamali applauded the humanitarian initiatives and activities of PRCS. He said NBP will enhance its cooperation with PRCS to extend community services across Pakistan.  Later, the NBP delegation was shown the Ambulance that was upgraded through the generous financial support of 2.5 million made by NBP. The delegation also visited different departments of PRCS including Regional Blood Donor Center and Radio Room and appreciated the humanitarian work being undertaken by PRCS.
Mr. Tariq Jamali also planted a tree at PRCS premises as symbol of solidarity and to commemorate PRCS “Go-Green Plantation Drive”.

What comes by will go by

Syed Ali Zulquarnain Naqvi

Ali Zulquarnain

 

What comes by will go by

 

What comes by will go by

What stays ahead is try

 

Going up might take strength

But staying up is actual high

 

Keeping it good is a tough call

But putting it right is a swift fly

 

How hard the dealing was

A smiley face will shed dry

 

Let’s all just focus it out

Put heads up and don’t shout

Let the act says it all

Just stay firm and be tall

Writer if a creative poet and banker, based in Multan.

 

OPEC crude oil drops to below $71/barrel weeks after Trump’s threat for cut in oil price

opec crude nov6

Corporate Ambassador/KARACHI: Finally, the OPEC crude oil has dropped to below US$71 on Nov 6, 2018, showing a decrease of US$10 per barrel in last few weeks in the wake of the US President Trump’s threat OPEC members of ‘consequences’ if the oil prices were not brought down. US President gave this threat in his Tweet, issued on Sept 20, 2018 and at a public speech later on when the OPEC crude oil price was hovering around US$80/barrel. Below of the tweet of the US President about oil prices and his threat to OPEC members.

= = = = = = = = = = = = =

Trump tweet

= = = = = = = = = = = =

In simple words, the US President’s threat to OPEC oil exporters has worked well and the international price of the crude oil has dropped by US$10 per barrel in few weeks.

The PTI government has increased domestic petroleum prices with effect from 1st of Nov 2018, at a time when the crude oil prices were declining in the international markets. Keeping in view US$10/barrel decline in OPEC crude oil, the PTI government must pass on this benefit to the consumers in the country.

 

Prisoners of Fate

Prisoners

By Syed Ali Zulquarnain Naqvi/MULTAN: Sometimes, one detained himself in so called prisons of fate that he is unable to seek freedom from it. For him his world is limited, his vision is short and his life a blind spot. Even though he is able to look at the comforts but unable to enjoy them, one for being passive and second for being not so aggressive.

Aggression being on the lower side is not because of innate nature rather because of inequalities, harsh realities, painful dualities and lifelong cruelties. He had faced so much odds that to strive for evens seemed fraud. Once like others dreams of flying high and catching the blue sky is worth of a try but now keeping the same flow and pleading  life to glow is just a mere show.

Hope have drowned down but one day out of foul play there will emerge a ray that will vanish the hazardous day. The seed of life will turn full bright and will give birth to shiny sight where flowers will bloom, professions will boom and faces will gloom.

Remember: “Nothing stays long as every dark ended up in dawn”

ali zulqarnain awardWriter is award winner banker-turned-creative writer and poet, based in Multan. He is receiving his award (in blue 2-piece) at 14th Corporate Ambassador Awards, organised in Karachi on August 18, 2018, at Beach Luxury Hotel.

 

NBP safe-n-secure from cyber attacks

NBP head office

Corporate Ambassador/KARACHI: The National Bank of Pakistan (NBP) has said that its account holders have remained safe from the recent Cyber Attacks. In a statement issued today, NBP spokesman said that the NBP customers are safe from any vulnerability of Cyber Attacks and our customers are protected from all potential loss.

NBP’s customer data is fully secured as per local and international standards. We are working in close coordination with the State Bank of Pakistan. Protect your future “Bank with NBP.”