Tuesday, September 1, 2020

Chairman Cpec announces Orange Line Metro Train jobs

Chairman Cpec announces Orange Line Metro Train jobs
Chairman China-Pakistan Economic Corridor Authority, Lt. General retired Asim Saleem Bajwa on Tuesday announced over 250 new jobs of various categories for Lahore’s Orange Line Train project.

Orange Line Metro train project in Lahore is likely to be open for the public in the last week of October this year.

According to sources, the provincial cabinet will give a final nod for the transportation fare of the metro service. “Technical works on the 25-kilometre long route of the Orange Line Metro project has been completed,” they said.

Briefing the meeting, secretary transport said that a Chinese company NORINCO International has won the operational and maintenance contract.


The Orange Line project, is a rapid transit system under construction in Punjab’s capital Lahore. The line will span 27.1 km (16.8 mi) with 25.4 km (15.8 mi) elevated and 1.72 km (1.1 mi) underground.

The line will be served by 26 stations and is expected to handle 250,000 passengers daily, travelling via trains.



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Suga seen top contender in Japan PM race as ruling party plans slimmed-down vote

 Yoshihide Suga
Japan’s chief government spokesman, Yoshihide Suga, moved a step closer to becoming the next premier when the ruling party decided on Tuesday on a slimmed-down leadership vote that favours the long-time lieutenant of Prime Minister Shinzo Abe.

Suga has also won the backing of the largest faction of the Liberal Democratic Party (LDP), media reported, making him a strong front-runner to replace Abe, who announced on Friday he was stepping down for health reasons.

While Suga has not announced his candidacy for party head, he has indicated privately that he intends to run, a source told Reuters. Media reported he would formally announce his intention to run on Wednesday.

The party’s leader will almost certainly become prime minister because of its majority in the lower house of parliament.

Suga, 71, would be widely expected to stay the policy course set out by Abe, including the “Abenomics” strategy aimed at reviving the economy and keeping it afloat amid the novel coronavirus pandemic.

A self-made politician, Suga was chosen by Abe in 2012 for the pivotal role of chief cabinet secretary, acting as top government spokesman, coordinating policies and riding herd on bureaucrats.

Suga’s most likely rivals for the top spot will be former defence minister Shigeru Ishiba and ex-foreign minister Fumio Kishida.

Both Kishida and Ishiba announced their candidacies on Tuesday. But Defence Minister Taro Kono, who had been expected to run, had decided not to, Kyodo news reported.

The LDP general council’s decision to keep rank-and-file party members out of the leadership vote gives Suga, with his powerful backers, a leg-up in the race. Ishiba, who is more popular with voters, as well as hundreds of other party members, had opposed the format.

Announcing his candidacy, Ishiba said it was “very regrettable” that all LDP members would not be able to vote for their leader. He has said the decision would be bad for both democracy and the party.

FILE PHOTO: Japan's top government spokesman Chief Cabinet Secretary Yoshihide Suga smiles during an interview with Reuters in Tokyo, Japan August 26, 2020. REUTERS/Issei Kato
Kishida, who was long seen as Abe’s preferred successor but has been scoring low in voter polls, said the slimmed-down leadership race was in line with party rules and Japan must continue with fiscal stimulus.

Kishida emphasised his experience in economics and foreign policy, telling a news conference he would do his “utmost for the nation and the people”.

AVOIDING A VACUUM

LDP Secretary-General Toshihiro Nikai, whose faction is backing Suga, said the simplified vote, by party MPs from both chambers of parliament and heads of local chapters, would be taken in the interest of speed.

LDP General Council chief, Shunichi Suzuki, said the decision to have a simplified vote was unanimous, with some worrying that a prolonged process would place a burden on Abe’s health.

On Monday, younger LDP legislators met Nikai to present a demand from more than 140 MPs and about 400 local party lawmakers for a full-scale vote. Several chapters including Osaka had also demanded the same.

The LDP is expected to hold the vote on Sept. 14, with an announcement on the date due on Wednesday. Financial markets also favour and appear to have factored in a win by Suga.

“He is considered to be a very effective policy leader within the party and bureaucracy ... and was key to Abe’s successful tenure,” said John Vail, chief global strategist at Nikko Asset Management.

“Suga’s experience with the virus situation, including his appropriate push-back on complete shutdowns, is key, as this is Japan’s greatest concern right now,” he said.

Another possible contender is Foreign Minister Toshimitsu Motegi who said on Tuesday he had not decided whether to run, while former cabinet minister Seiko Noda said she would not run.



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Suga seen top contender in Japan PM race as ruling party plans slimmed-down vote

 Yoshihide Suga
Japan’s chief government spokesman, Yoshihide Suga, moved a step closer to becoming the next premier when the ruling party decided on Tuesday on a slimmed-down leadership vote that favours the long-time lieutenant of Prime Minister Shinzo Abe.

Suga has also won the backing of the largest faction of the Liberal Democratic Party (LDP), media reported, making him a strong front-runner to replace Abe, who announced on Friday he was stepping down for health reasons.

While Suga has not announced his candidacy for party head, he has indicated privately that he intends to run, a source told Reuters. Media reported he would formally announce his intention to run on Wednesday.

The party’s leader will almost certainly become prime minister because of its majority in the lower house of parliament.

Suga, 71, would be widely expected to stay the policy course set out by Abe, including the “Abenomics” strategy aimed at reviving the economy and keeping it afloat amid the novel coronavirus pandemic.

A self-made politician, Suga was chosen by Abe in 2012 for the pivotal role of chief cabinet secretary, acting as top government spokesman, coordinating policies and riding herd on bureaucrats.

Suga’s most likely rivals for the top spot will be former defence minister Shigeru Ishiba and ex-foreign minister Fumio Kishida.

Both Kishida and Ishiba announced their candidacies on Tuesday. But Defence Minister Taro Kono, who had been expected to run, had decided not to, Kyodo news reported.

The LDP general council’s decision to keep rank-and-file party members out of the leadership vote gives Suga, with his powerful backers, a leg-up in the race. Ishiba, who is more popular with voters, as well as hundreds of other party members, had opposed the format.

Announcing his candidacy, Ishiba said it was “very regrettable” that all LDP members would not be able to vote for their leader. He has said the decision would be bad for both democracy and the party.

FILE PHOTO: Japan's top government spokesman Chief Cabinet Secretary Yoshihide Suga smiles during an interview with Reuters in Tokyo, Japan August 26, 2020. REUTERS/Issei Kato
Kishida, who was long seen as Abe’s preferred successor but has been scoring low in voter polls, said the slimmed-down leadership race was in line with party rules and Japan must continue with fiscal stimulus.

Kishida emphasised his experience in economics and foreign policy, telling a news conference he would do his “utmost for the nation and the people”.

AVOIDING A VACUUM

LDP Secretary-General Toshihiro Nikai, whose faction is backing Suga, said the simplified vote, by party MPs from both chambers of parliament and heads of local chapters, would be taken in the interest of speed.

LDP General Council chief, Shunichi Suzuki, said the decision to have a simplified vote was unanimous, with some worrying that a prolonged process would place a burden on Abe’s health.

On Monday, younger LDP legislators met Nikai to present a demand from more than 140 MPs and about 400 local party lawmakers for a full-scale vote. Several chapters including Osaka had also demanded the same.

The LDP is expected to hold the vote on Sept. 14, with an announcement on the date due on Wednesday. Financial markets also favour and appear to have factored in a win by Suga.

“He is considered to be a very effective policy leader within the party and bureaucracy ... and was key to Abe’s successful tenure,” said John Vail, chief global strategist at Nikko Asset Management.

“Suga’s experience with the virus situation, including his appropriate push-back on complete shutdowns, is key, as this is Japan’s greatest concern right now,” he said.

Another possible contender is Foreign Minister Toshimitsu Motegi who said on Tuesday he had not decided whether to run, while former cabinet minister Seiko Noda said she would not run.



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Corona cases in Pakistan rose to 296,149, recovery rate rose to 280,970

Corona cases in Pakistan
The number of confirmed Corona cases in Pakistan rose to 296,149 on Tuesday after new infections were confirmed in the country.

Total: 296,149

• Sindh: 129,469

• Punjab: 96,832

• Khyber Pakhtunkhwa: 36,118

• Balochistan: 12,879

• Islamabad Capital Territory: 15,649

• Gilgit-Baltistan: 2,903

• AJK: 2,299

Deaths: 6,298

• Punjab: 2,199

• Sindh: 2,403

• Khyber Pakhtunkhwa: 1,250

• Balochistan: 141

• Islamabad Capital Territory: 175

• Gilgit-Baltistan: 67

• AJK: 63

RECOVERED: 280,970



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Zoom shares soar as earnings rocket

Zoom shares soar as earnings rocket
Zoom shares soared on Monday after the video-meeting service reported that quarterly revenue rocketed as its ranks of users more than quadrupled.

The Silicon Valley-based company that has become a popular way to work, learn or socialize during the pandemic said it made a profit of $186 million on revenue of $663.5 million in the quarter that ended on July 31.

That compares with a net income of $5.5 million in the same quarter a year earlier.

“Organizations are shifting from addressing their immediate business continuity needs to supporting a future of working anywhere, learning anywhere, and connecting anywhere on Zoom’s video-first platform,” founder and chief executive Eric Yuan said in an earnings release.

Zoom shares were up more than 22 percent in after-market trades that followed release of the earnings, which beat market expectations.

Zoom reported that it ended the quarter with approximately 370,000 customers that had more than 10 employees, more than four times as many than it had in the same period a year earlier.

The increase in customers built on a surge in the previous fiscal quarter, and appeared to offset investor concerns that Zoom’s popularity would decline when restrictions on movements ease and people can get back to seeing one another in person.

“It is the survival of the adaptable, only Stone Age companies are insisting employees to physically come to work,” Global Equities Research analyst Trip Chowdhry said in a note to investors, calling Zoom a “cultural phenomenon.”

The pandemic has driven demand for virtual collaboration using the Zoom video conferencing platform, according to Yuan.

The earnings come with Zoom still under pressure to deal with security and privacy.

It has taken heat over uninvited cyber guests disrupting online meetings with a tactic called “zoombombing.”

Zoom was originally built for businesses with dedicated IT teams to handle implementing security features, but first-time users flocked to the service to work or socialize from home due to the pandemic.

Yuan said on a previous earnings video call with analysts that Zoom “learned a hard lesson” that it should have provided more tech support.

“We should have played the role of IT for first-time users. We learned a hard lesson; this was a mistake I made.”

As a result the company has poured resources into privacy and security.



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Corona cases in Pakistan rose to 296,149, recovery rate rose to 280,970

Corona cases in Pakistan
The number of confirmed Corona cases in Pakistan rose to 296,149 on Tuesday after new infections were confirmed in the country.

Total: 296,149

• Sindh: 129,469

• Punjab: 96,832

• Khyber Pakhtunkhwa: 36,118

• Balochistan: 12,879

• Islamabad Capital Territory: 15,649

• Gilgit-Baltistan: 2,903

• AJK: 2,299

Deaths: 6,298

• Punjab: 2,199

• Sindh: 2,403

• Khyber Pakhtunkhwa: 1,250

• Balochistan: 141

• Islamabad Capital Territory: 175

• Gilgit-Baltistan: 67

• AJK: 63

RECOVERED: 280,970



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International cricketer Mujahid Jamshed applies for women’s team coaching

Mujahid Jamshed applies for women’s team coaching
Former international cricketer Mujahid Jamshed applied for women’s team head coach position.

A veteran of 4 ODIs and 127 First-Class matches, Jamshed is confident with his portfolio and hopes that the Pakistan Cricket Board will provide him an opportunity.

“I have completed my certification in coaching and I find myself eligible for this post. I am confident to serve strongly for women cricketers and I hope PCB will look into my application and give me this opportunity,” he said.

It must be noted here that PCB published an advertisement for women’s team coaching after Iqbal Imam was removed as head coach after the Women’s T20 World Cup. The last date for applying is September 16.



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Islamabad court dismisses Gill’s bail plea in sedition case

A District and Sessions court of Islamabad dismissed the post arrest bail petition of PTI leader Shahbaz Gill on Tuesday. Additional Dist...