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Altaf Hussain arrested in London on charges of money laundering Written Updates

The London Police had been investigating Hussain in this case for over several months now.

In a TV interview, Altaf had revealed that all his bank accounts in Britain had been frozen by the authorities. The MQM chief had admitted that the British authorities had conducted raids at his house and at his office.

2:40pm

MQM sources in Karachi say they are unable to contact the members of London office.

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2:37pm

British High Commission has confirmed the arrest. A special unit of the Scotland Yard arrested him from his house.

Exams have been postponed in various schools. Intermediate Board papers have also been cancelled.

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2:27pm

Scotland Yard has not revealed the identity of the man arrested, Express News reported. According to the their press release, a 60-year-old man has been arrested on charges of money-laundering.

Karachi University examinations have been cancelled for the day.

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2:22pm

Naeem Khanzada, reporting from Nine-Zero, says party members are gathering at the party headquarters for the emergency meeting.

MQM London Secretariat members say they will announce future course of action once the situation is clearer.

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2:15pm

Spokesperson for London Metropolitan Police told The Express Tribune that a 60-year-old man was arrested from North West London on suspicion of money laundering. He further said that they do not disclose identities till the person is charged.

MQM Rabita Committee will be addressing a press conference at 3pm.

Two MQM leaders have denied the arrest of their party chief.

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2:12pm

According to MQM leader Khawaja Izharul Hassan, the Rabita Committee has called for an emergency meeting and party members have started to gather at Nine Zero

Security has been put on high alert throughout Sindh.

Shops and businesses have started to shut down in Karachi and other cities of Sindh.

The British High Commission in Karachi has been temporarily shut down.

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2:00pm

MQM Rabita Committee member Aminul Haq says they will issue a statement regarding this and will inform everyone about the situation.

Karachi Stock Exchange dropped by 780 points as soon as the news of Hussain arrest broke out.  The market is now recovering.

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1:51pm

Hussain was arrested from his house in London’s Edgware area.

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 1:46pm

Javed Chaudhry, while speaking to Express News today, said London Police were investigating Hussain for three cases of money laundering, hate speech and Imran Farooq murder.

Background

In June last year, as part of their investigation into the Imran Farooq murder case, Scotland Yard had raided Altaf Hussain’s house in London. The search operation had continued for over 55 hours.

Later in July 2013, a spokesperson for the Metropolitan Police in London had told The Express Tribune that a significant amount of money was seized in the raid from the house of the MQM chief. However, the spokesperson did not disclose whether the politician is being questioned over it.

Another spokesperson had said that if a money laundering case is established, then it would be treated as a financial case, separate from the murder case of Dr Imran Farooq.

Farooq, 50, was a former leader of MQM and had lived in London in self-imposed exile from 1999. He was on his way back from work when he was attacked outside his home in Edgware, north London, in September 2010. A post-mortem gave the cause of death as multiple stab wounds and blunt trauma to the head. A kitchen knife and a house brick used in the attack were recovered at the scene

Economic survey 2013-14: Off target ishaq dar written updates

Though the gross domestic product (GDP) rate crawled up to 4.1% for the first time in the last six years, it fell short of the targeted rate of 4.4% for the fiscal year 2013-14. The country’s per capita income grew at a dismal 1.4% to $1,386 per person.

“We have missed the targets but we still achieved 75% to 80% of our goals against each target,” said the finance minister as he unveiled the Economic Survey of Pakistan for the fiscal year 2013-14.

Still, he pledged that the government would try to increase the growth rate by 1% every year taking it to 7% by 2017.

Interestingly, the confidence exuded by the finance minister last year over his economic revival plans following a dismal performance by the Pakistan Peoples Party government, did not translate into achieving targets that he had set for himself for the outgoing fiscal year.

The Economic Survey of Pakistan showed that the key indicator — the tax-to-GDP ratio — which has brought immense shame for the country due to a dismal performance, was again missed and stood at only 8.8%.

The Pakistan Muslim League-Nawaz (PML-N) government had promised to increase the ratio to 9.5% during the outgoing fiscal year. Similarly, the tax collection target was missed by a wide margin of Rs200 billion and the expected collection is now Rs2.275 trillion.

The government also missed the target of economic growth, investment and savings, the three core measures that depict the real health of the economy. The performance in investment, savings and sub-sectors of agriculture and services was even worse than that witnessed during the five year PPP government.

Commenting on missed targets, the finance minister said his government had set stretched targets in the first place to make sure all stakeholders give their 100% to improve the economy.

“In one year economic reforms cannot be completed and the economy cannot be revived within one year,” admitted Dar while responding to a question on his government’s inability to perform against their own declared indicators.

The investment to GDP ratio remained at 14% against a target of 15.1%. The ratio was below last year’s rate of 14.6%. Savings slipped to 12.9% against the target of 14%. Last year, the savings-to-GDP ratio was 13.5%.

Dar claimed that the first year was consumed in firefighting to help stabilise the economy. Despite the grim projection, he said real work on economic reforms will begin from the next fiscal year. Our efforts were focused to foil bids of those who wanted to see Pakistan a failed economic state, he added.

“Fiscal dominance over financing needs crowded out private sector investment,” according to the planning commission’s assessment. It added that a peculiar security situation and structural rigidities surrounding governance and regulatory environment led to missing investment targets.

But the government did manage to achieve this fiscal year’s budget deficit target of 5.8% of the GDP. Dar said the budget deficit in the next fiscal year will be brought down further by 1% of the GDP.

GDP

Against a target of 4.4%, the economy grew 4.1% in the current fiscal year. According to the finance minister, estimated economic losses due to load-shedding were 1.5% to 1.75%. He added that government recouped half of these losses in this fiscal year.

Except for industry, targets set for main sectors of the economy were also missed. The agriculture sector grew at 2.1%, far below the 3.8% target and last year’s growth rate of 2.9%. The industrial sector grew 5.8% against the target of 4.8%. The services sector grew 4.3%, which is below the target of 4.5% and even last year’s growth rate of 4.9%.

Dar said reduction in general services due to spending cuts led to missing the target in the services sector.

The government also missed its target for containing inflation at 8% that accelerated to 8.6% in the first ten months of the fiscal year. Dar said the IMF was of the view that inflation would run into double-digits but we have managed to restrict it to around 8.6%, despite increase in electricity tarriffs.

In order to show a growth of 4.3% in exports, the federal government took shipment figures. On the basis of proceeds, growth in exports was over 2%.

Dar said the current account deficit –measures by how much outflows exceed inflows – during first ten months remained at $2.2 billion. Dar said foreign investments during first ten months of the fiscal year remained at $2.8 billion including $2 billion raised by floating Euro bonds.

Until May 10, Dar said, the government’s borrowings had been reduced to Rs199.6 billion as against Rs992.9 billion of the comparative period. Instead of adding new debt, the government retired Rs10 billion of SBP borrowings.

The survey showed that the overall education situation slightly improved in the outgoing fiscal year while significant progress was made towards achieving better health outcomes. The population growth rate slightly declined to 1.95% in the outgoing fiscal year, it added.

shab e meraj ki ibadat in urdu May 2014

Ufone Introduced First 3G Internet Package 24 May 2014 Written Updates

A couple of weeks ago four telecom companies won the 3G & 4G license, Amongst them Ufone launched 3G Trial for free in various cities of Pakistan. 

Ufone got 3G license and offered a free 3G trial in Lahore, Karachi, and Islamabad. Now Ufone Commercially launched 3G service in All over the Pakistan and finally introduced 3G internet Packages for both prepaid and postpaid. Ufone 3G packages start from Rs. 5 per half day at 256Kbps to Rs. 1500 at 3Mbps with 3GB's monthly data Package plan. The newly announced Ufone 3G packages applicable for the customers, going to use 3G service in Lahore, Karachi, Islamabad, and Rawalpindi. Any new 3G handset can be provisioned by dialing *7700#

Lahore: Metro Train A Complete Route Map 24 May 2014 Written Updates

After Metro Bus Project CM Shahbaz Sharif signed Metro Train project with China in Lahore, Chief Minister Shahbaz Sharif's an another great step to facilitate the Lahore citizens as of metro trains project. Further he said this project will be expand in all over the cities soon. 

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Here we are going to share you metro train routes in Lahore(orange line). Initially according to this project Metro train will be constructed from Ali Town to Dera Gujjran. The length of orange line will be 27.1 km, rest of the three tracks will be laid labeled with colors, Green line will start from Shahdara to Hamza Town and this become 27Km, the second purple line will be tracked from Data Darbar to Allama Iqbal airport and finally the third blue line start from Chauburji to LPC which becomes 24Km. 

Boxer Aamir Khan Blessed With Baby Girl 23 May 2014 Written Updates

Boxer Aamir Khan and wife Faryal blessed with a baby girl. Aamir Khan’s wife Faryal Khan gave birth to their first child, Lamysa Khan today on May 23, 2014. 

Aamir khan said, Faryal and me are delighted to announce the birth our first child Lamysa Khan everyone doing very well, thank you for all your wishes.

Shab E Meraj Mojza Latest Picture May 2014 Free Online

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Happy Shab E Meraj to All Friends May 2014 Free Online

Happy Shab E Meraj to All Friends..

May ALLAH grant us with success, respect, happiness, and right path (AameeN)

Shab e Mubark Ho..

 Modi Sends an Invitation to Pakistan Before Taking Office in India

NEW DELHI — India’s PM, Narendra Modi, on Wed accepted his Pakistani edition, Nawaz Sharif, to be existing at his swearing-in marriage next A week, an unusual activity that has inspired wishes that the change in government will cause to improved relationships between the two countries.

Mr. Modi, a Hindu nationalist who assured in his way to make Regional indian native a more muscular lifestyle on the world stage, has broken new ground by pleasant the control of all of India’s others who stay close by.

Previous swearing-in activities have been little problems, a reflection of the country's inward-looking way to scenario guidelines. Mr. Modi has designed it apparent that he wishes to make Regional indian native a head in its own team, stitching together a organization and economical bloc.

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Narendra Modi knelt on the activities of the Regional indian native Parliament creating in New Delhi on Wed.Modi, India’s Next Primary Reverend, Represents a Better ToneMAY 20, 2014

Hopes of a Development Generate on Regional indian native VoteMAY 15, 2014

The encourages to Mr. Sharif, who has never designed an official journey to Regional indian native, was the biggest surprise. A initial make an effort to create economical and diplomatic relationships under Primary Reverend Manmohan Singh of the Regional indian native National The legislature decreased apart last year, when risky skirmishes divided out along the aggressive border in Kashmir. Mr. Singh, usually soft-spoken, declared that “after this dastardly act, there cannot be organization as frequent with Pakistan.”

Pakistani regulators have indicated wish that Mr. Modi, who has a reputation as a hard-liner, and the Bharatiya Janata Party will take an possibility to recover relationships, perfectly because he is much less vulnerable to costs of poor aspect. The relationship improved the before the B.J.P. took power, in 1998, under Primary Reverend Atal Bihari Vajpayee.

“We did have very outstanding relationships with Vajpayee,” said a Pakistani Worldwide Ministry official, who discussed on the scenario of comfort because of the understanding of the problem. “Congress is always looking at its coming back when dealing with Pakistan because it was begin to an attack from the right part. But B.J.P. would never encounter that assault of review.”

“It would be like Nixon in China providers,” the official said.

Stephen P. Cohen, author of a newest information on the relationship between Pakistan and Regional indian native, said Mr. Sharif would probably reciprocate Mr. Modi’s activity, but only if he can win the support of Pakistan’s impressive army.

“I think we might see a discussion between Modi and Sharif,” Mr. Cohen said. “But Sharif has an army problem, and Modi has a right-wing ideological problem.”

During the technique, Mr. Modi attacked the Congress-led government for maintaining high-level contact with Pakistan despite the circumstances on the border in Kashmir, at one aspect saying, “Heads of our army are cut, but then their pm is fed chicken biryani.”

The international strategy experts arranged around Mr. Modi have recommended him to look at a challenging army place in the place. One consultant, former Worldwide Associate Kanwal Sibal, recommended him in a newest material to “develop the necessary army sinews to take part in a more efficient international strategy, such as boosting up our perfect programs and going up the down from the nuclear disarmament team.”

But others say Mr. Modi’s dedicated development strategy will need Regional indian indigenous to improve relationships with its others who stay close by by starting market segments and reducing organization across the subcontinent’s limitations.

“There are a whole lot of people who bet on Modi being a hard-liner and are providing that,” said C. Raja Mohan, a foreign-policy professional. “Modi is not coming in to select a fight with Pakistan. He wants to show that he can run this country and do whatever it needs to promote India’s local interests. This is a outstanding way of starting.”

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A The legislature representative identified the option to motivate Mr. Sharif, as did a nearby government and stage of resistance activities in Indian-administered Kashmir.

“This is a huge activity,” said Mahbooba Mufti, a Kashmiri stage of resistance head. “It is a very pleasant surprise, a very outstanding starting. If Mr. Modi can take some concrete activities in improving relationships with Pakistan, he will be kept in thoughts in history.”

Rasul Bakhsh Elevat, an professional in Islamabad, said Mr. Sharif was serious about reducing relationships with Regional indian native, which he regards as a precondition to family enhancement, Yet he is cautious because of the security devices here.” He involved that he did not predict Mr. Modi to control as a hard-liner, despite the complicated over mentioned statements he used in the technique.

“Modi is genuine, a go-getter and different from R.S.S. and other Hindu extremist groups,” he said, creating referrals to the Rashtriya Swayamsevak Sangh. “Using government language to come to power is something else, and creating strategy once in power is something else.”

G. Parthasarathy, a obsolete diplomat who has offered as India’s ambassador to Pakistan, informed against learning too much into the encourages to Mr. Sharif.

He predicted that Mr. Modi would be “very terrorism-focused” in his emails with Pakistan and that he would not take part in any discussion until India’s security problems were settled, in part because his “whole constituency is very tough” on Pakistan. What was more important, he said, was that Mr. Modi had sent a idea to the region's control displaying his wish to take part in a much better economical development.

“This has never happened before in our history, that you motivate all your others who stay close by to your swearing-in,” Mr. Parthasarathy said. “It’s the activity which problems at this stage.”

Facebook Is About To Launch New Video Advertising 21 May 2014 Written Updates

Facebook going to introduced new video advertising to its news feed to merge social network users.

Facebook Inc is expanding its new video advertising service, allowing marketers to show the television like spots to users of the social network in Britain, Brazil and five other countries. The 15 second video ads appear in users' news feed and play automatically with the sound muted until they are clicked on. Facebook began selling the ads in the United States in March to a small group of marketers.

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I am indebted to Salman: Himesh Reshammiya Written Updates

“He is a legend he is the best brother I can have. I am indebted to him for whatever I am today and the whole Khan family for giving me a break. He is a genius and he knows his job very well,” said Himesh, reported Deccan Chronicle.

Salman and Himesh gave many hit film albums together like Yeh Hai Jalwa, Dulhan Hum Le Jayenge among others. He tasted his first major success as a music director with Salman Khan-starrer Tere Naam (2003). Himesh will also compose music for Salman’s other two upcoming films Prem Ratan Dhan Payo and Kick.

“He surprises every year with something new. That is why he is a superstar and will continue to survive for another 50 years. He has the knack to connect with the audience. He is the most lovable star,” he said.

Himesh and Salman had a bit of a rift in between, which became obvious when Salman appeared in a TV reality show and took a jibe at Himesh. However, the two have returned to being friends and the rumoured war is over. In 2011, Himesh and Salman buried the hatchet when Himesh gave music for his film Bodyguard.

On acting front, Himesh seems excited about his upcoming film The Xpose which is slated to release on May 16. “It is a murder mystery set in the film industry of 60s. In 60s, there was a conservative atmosphere in industry but two leading ladies – Zeenat Aman and Praveen Babi – came forward in a bold avatar and it changed the whole scenario,” Himesh said.

Acting success may have eluded Himesh Reshamiya till now, but the composer-turned-singer- turned-actor says he is serious this time and has really worked hard for his upcoming film. Himesh, 40, started his Bollywood journey as a composer and has churned out hit film music albums. He ventured into playback singing and gave several major hits, although his detractors criticised him for his nasal voice.

Cook satisfied with decision to play through rain Written Updates

In their first match of Peter Moores’ second spell as England coach, and with the team keen to restore their reputation with the cricketing public, the visitors played on at a sodden ground in a match where the start was delayed by five-and-a-half hours.

England, sent into bat by Scotland captain Kyle Coetzer, compiled 167-6 in their 20, with Ian Bell making a fluent 50 and fellow opener Cook 44.

Scotland, set a Duckworth/Lewis adjusted victory target of 173, lost both their openers to James Anderson before local hero Michael Leask rocked England with 42 off just 16 balls including five sixes.

But when Leask fell to off-spinner James Tredwell, who took an ODI-best four for 41, Scotland’s challenge against their 2015 World Cup pool opponents petered out.

“Those were borderline conditions to play in,” said Cook. “But just in a one-off game, with not so much riding on it, I think it was the right decision. I think it would have been wrong if we hadn’t — and credit to both sides for just getting on with it.

“Those conditions are as wet as I have ever fielded in. It probably wasn’t fit to play, if you are being totally honest. But both sides just got on with it.  “I thought the way Scotland fielded, especially in those conditions, was exceptional,” added Cook.

England were in dire need of a victory after a humiliating 45-run loss to the Netherlands at the World Twenty20 in Chittagong last time out, which came hot on the heels of their 5-0 Ashes drubbing in Australia.

Spanish Grand Prix: Hamilton denies Rosberg pole again Written Updates

In the final seconds of a closely-fought qualifying session, the 2008 world champion clocked a majestic fastest lap in one minute and 25.232 seconds to outpace teammate Nico Rosberg by 0.168 seconds.

Rosberg had been fastest in the morning’s final free practice session and led the way through both Q1 and Q2 before Hamilton found the extra pace required.

It was his first pole in Spain and the 35th of his career. Only Vettel on 45 poles, Ayrton Senna on 65 and Michael Schumacher on 68 have claimed more.

“It’s been a tough day,” said Hamilton. “Rosberg has been driving really well through P3 and qualifying, so I didn’t know if I could get it. At the end, I had to eke out everything and more from the car.

“Much work has been done by my team to get the car ready and it inspires me.”

His friend and teammate Nico Rosberg did nothing to hide his feelings.

“Yes, for me, it’s very disappointing,” said Rosberg.

“I don’t particularly enjoy coming second to Hamilton. In the end, it was a good lap. He just did a better job, but it’s still all to play for tomorrow.”

On a track where eight of the last 10 races have been won from pole and 21 of the last 23 from the front row, Hamilton’s success made him favourite to extend his winning streak to four in a row and take over as championship leader from Rosberg.

It was the second Mercedes one-two of the season and a reversal of the positions for last year’s race.

Australian Daniel Ricciardo took third on the grid for Red Bull after his team-mate and defending four-time world champion Sebastian Vettel qualified only 10th after suffering a drive failure early in the final session.

Valtteri Bottas qualified fourth for a resurgent Williams team ahead of Romain Grosjean of Lotus and Kimi Raikkonen in the leading Ferrari.

Fernando Alonso was seventh in the second Ferrari, Jenson Button was eighth for McLaren and Felipe Massa ninth in the second Williams ahead of Vettel.

Snooker: Majid, Akbar flatten opponents in Asian event Written Updates

Majid made a terrific opening with an emphatic 4-0 win over South Korea’s Daegyu Lee. Such was his dominance in the match that he allowed his opponent to chalk up only 27 points across four frames as he went on to triumph with a scoreline of 87-1, 96-17, 97-0 and 72-0.

Akbar registered a straight-frames win as well, against Canada’s Karam Namek with scores of 64-24, 54-28, 63-36 and 64-42.

Another Pakistani player to feature was Muhammad Faheem, who defeated Libya’s Abdulmoez Draweil 4-1.

Sharapova closer to maiden Madrid title Written Updates

Currency shortfall: Venezuela auto industry in crisis Written Updates

Vehicle assembly plants are facing their worst year in the oil-rich OPEC nation, producing five times fewer vehicles than last year due to the lack of imported supplies amid an economic crisis that began last year.

Economic experts blame the South American country’s problems on a decade of rigid currency and price controls, as well as rising debt, dependence on imports and stagnant economic growth. Venezuela is only providing US currency at the official rate of 6.3 bolivars to the dollar to importers.

Weekly review: Market undergoes correction amid uncertainty Written Updates

Next step: Cabinet panel approves move to offload remaining UBL shares Written Updates

The transaction structure will be implemented through book building, paving way for completing the first privatisation deal in the last eight years.

The CCOP’s approval came on the heel of the International Monetary Fund’s (IMF) decision to add a new structural benchmark in its $6.7 billion IMF programme to bind the government to fast-track the process of selling Global Depository Receipts of Oil and Gas Development Company. The new condition was added during the third review of the programme, concluded on Friday.

Headed by the Finance and Privatisation Minister Ishaq Dar, the CCOP gave its approval to the proposed transaction structure, which was earlier approved by the Privatisation Commission (PC) Board. The board has constituted a transaction committee to oversee the overall transaction process.

Privatisation Commission (PC) Chairman Mohammad Zubair informed the CCOP that the transaction structure envisages offering the Pakistan government shares to both international and domestic Institutional investors and high net worth Individuals (HNWI). The structure would take place through an integrated international book building exercise.

“The transaction will be completed by June 30 and it will be first equity transaction by the Privatisation Commission in the last eight years,” said Zubair.

Dar said that due diligence has to be observed during the whole process and directed the PC to maintain transparency and fairness at all levels of the transaction. He added the Commission should not compromise on principles of transparency and fair price for the transaction.

Bhabhi by ARY - Episode 6 - 9th May 2014 written updates video free online

Upcoming Pakistani Movie! Starring Fahad Mustafa, eman ali and Sanam Saeed written update video free online

Here is the much awaited trailer of Sarmad Sehabi’s upcoming film Mah-e-Meer. The film has been directed and written by Sarmad Sehabi and co-directed by Anjum Shehzad. The cast consists of Ally Khan, Fahad Mustafa, Aiman Ali, Sanam Saeed and we see a glimpse of Huma Nawab too. The story is based on a fantasy version of the famous poet Mir Taqi Mir’s life. The trailer looks very impressive, what do you think?