DINA for the issue of June 3,2014

DAWN

INTERNET NEWS ALERT

June 3, 2014 | Sha’baan 4, 1435
The DAWN Internet News Alert (DINA) is a free daily news service from Pakistan’s largest English language newspaper, the Daily DAWN.

President gives top marks to govt

Raja Asghar

ISLAMABAD: Giving high marks to the one-year performance of Prime Minister Nawaz Sharif’s government, President Mamnoon Hussain reserved some finger-pointing for unspecified state institutions and the country’s media while opening the new parliamentary year on Monday.
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Karachi Stocks up194.11 Points:
KARACHI, May 30: At the close of trading, the KSE-100 index was 29737.69,up194.11 po
Forex Update :
KARACHI, October 29: The Pakistani Rupee was traded at 106.95 to the US Dollar in the open market.

Another Rs701bn lost due to terrorism

Baqir Sajjad Syed

ISLAMABAD: Economic losses suffered by Pakistan due to terrorism continued to pile up as the country lost another Rs701 billion ($6.9bn) during the first nine months (July-March) of 2013-14.

The country has lost Rs8264.4bn ($102.5bn), both in direct and indirect costs of incidents of terrorism, during the past 13 years of its engagement with war on terror, Economic Survey 2013-14 released on Monday said.

New budget: govt pins hopes on slashing subsidies, reducing tax exemptions

The Newspaper’s Staff Reporter

ISLAMABAD: Finance Minister Ishaq Dar will be presenting the PML-N government’s second budget in the National Assembly on Tuesday. The finance bill for the fiscal year 2014-15 includes fiscal adjustments of more than Rs300 billion (about 1 per cent of the gross domestic product), achieved by slashing subsidies and cutting back on tax exemptions.

A meeting of the federal cabinet, to be presided over by Prime Minister Nawaz Sharif, will be held in the afternoon to formally approve the budgetary measures before they are tabled in parliament.

Economic Survey: more targets missed than achieved

Khaleeq Kiani

ISLAMABAD: Launching the Pakistan Economic Survey for 2013-14, Finance Minister Ishaq Dar played down the government’s missed targets, saying that it had “achieved 90 per cent†of the targets it set for itself.

Mr Dar said the Pakistan Muslim League-Nawaz government had spent its first year fire-fighting to show those who had predicted a default that they were wrong. Work to revive the nation’s economy would begin in earnest next year, the roadmap for which would be presented in the budget on Tuesday.

Lesco bosses booked for ‘selling electricity’

Khalid Hasnain

LAHORE/ISLAMABAD: The Prime Minister’s Adviser on Water and Power announced on Monday that the head of the Lahore Electric Supply Company (Lesco) and one of the company’s directors have been sacked and FIRs registered against them. The announcement comes as an inquiry into allegations of illegal diversion of electricity incriminated the two men, Dawn has learnt.

Lesco Chief Executive Officer (CEO) Arshad Rafique and Director for Operations Mehboob Ali are said to have illegally diverted electricity to areas of their choosing and took money from ‘influential clients’ to keep their electricity running during forced or scheduled power shutdowns.

FOOTPRINTS: STUDENT MUSEUM GUIDES OF LAHORE

Sehyr Mirza

AS I step into the glorious red-brick building, I’m struck by the aesthetics: elegantly crafted windows, castle-like balconies, opulent galleries and domes letting in the sunlight to shimmer on the several lancet arches. The enchanting dance of light and shadow highlights the traditional Islamic architecture of the Lahore Museum. With every step, I’m drawn closer to the relics of different civilisations — the artefacts and repositories of centuries-old treasures.

On one of the benches in the Islamic gallery, Maliha Noorani, an assistant professor at the National College of Arts, and her trainee guides are engaged in final pre-tour preparations. Some students are pairing up for a group presentation while others prefer to work alone depending on area of expertise. According to NCA student Maham Mansoor, training as a museum guide “has been a great learning experience. Yesterday, we had more than 150 visitors including a small group from Germany. Interacting with the general public sometimes leads to some very interesting historical facts being unfolded.†Noor, another NCA student guide who is from Hunza, tells me: “I knew nothing about our cultural heritage before I joined these tours as part of my course ‘Weaving narratives’. It is sad that we choose to remain largely ignorant about our rich history.â€

Solar plane debuts with eye on world trip

Agencies

PAYERNE: A sun-powered plane made a successful test flight on Monday, clearing a vital hurdle towards its goal of a round-the-world trip next year, its pilot and mission chiefs said.

‘Solar Impulse 2’ carried out a flight lasting two hours and 15 minutes, half an hour longer than scheduled, German test pilot Markus Scher­del said. “Everything worked as expected,†Scherdel told a press conference at an air base in Payerne, Swi­tzerland. “ … it’s a good start and I’m looking forward to flying the aeroplane the next time.â€

More warrants issued against Gilani, Fahim

Ishaq Tanoli

KARACHI: An anti-corruption court issued arrest warrants on Monday for former prime minister Syed Yousuf Raza Gilani, former commerce minister Makhdoom Amin Fahim and others in seven more cases pertaining to the multi-billion trade subsidy scam.

The Federal Investigation Agency (FIA) submitted to the court seven charge-sheets against the accused, raising the number of cases filed against the PPP leaders in the scam to 11.

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