Monday, March 28, 2022

Joint opposition meets MQM-P leaders

Prime Minister Imran Khan
A delegation comprising leaders of joint opposition held a meeting with Muttahida Qaumi Movement Pakistan (MQM-P) leaders to win their support ahead of voting for no-confidence against Prime Minister Imran Khan.

According to sources, the meeting was held at the Parliament Lodges on late Monday night. Khawaja Safdar, Khawaja Saad Rafiq, Ahsan Iqbal from PML-N, Chief Minister Sindh Murad Ali Shah, BNP-M chief Akhtar Mengal and others held consultations with MQM-P leaders Khalid Maqbool Siddiqui, Aamir Khan, Wasim Akhtar, Aminul Haq.

Read more: FM Qureshi set to embark on China trip today

Sources further informed that the situation arising out of the no-confidence motion filed against Prime Minister Imran Khan was discussed during thed meeting. The joint opposition assured MQM-P leaders of immediate fulfilment of their demands.

Speking after the meeting, the MQM-P leaders said that they will take their final decision after consultations with Rabita Committee members regarding the no-confidence motion.



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Joint opposition meets MQM-P leaders

Prime Minister Imran Khan
A delegation comprising leaders of joint opposition held a meeting with Muttahida Qaumi Movement Pakistan (MQM-P) leaders to win their support ahead of voting for no-confidence against Prime Minister Imran Khan.

According to sources, the meeting was held at the Parliament Lodges on late Monday night. Khawaja Safdar, Khawaja Saad Rafiq, Ahsan Iqbal from PML-N, Chief Minister Sindh Murad Ali Shah, BNP-M chief Akhtar Mengal and others held consultations with MQM-P leaders Khalid Maqbool Siddiqui, Aamir Khan, Wasim Akhtar, Aminul Haq.

Read more: FM Qureshi set to embark on China trip today

Sources further informed that the situation arising out of the no-confidence motion filed against Prime Minister Imran Khan was discussed during thed meeting. The joint opposition assured MQM-P leaders of immediate fulfilment of their demands.

Speking after the meeting, the MQM-P leaders said that they will take their final decision after consultations with Rabita Committee members regarding the no-confidence motion.



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Former aircraft designer Shimada may find silver lining in Toshiba gloom

 Toshiba Corp
The crisis at Toshiba Corp may have a silver lining for new boss Taro Shimada, allowing him to keep - at least for now - businesses pivotal to his digital strategy that predecessors had planned to sell.

Investors last week voted down management s plan to spin off Toshiba s devices unit with nearly 60% opposition, as well as a rival shareholder proposal to solicit buyout offers. That left the troubled 146-year-old conglomerate without a clear immediate direction.

Read more: Elon Musk giving 'serious thought' to building new social media platform

But it could give Shimada, a former aircraft designer and Siemens AG executive, leeway for his plan to boost subscription revenue by tying software to hardware.

It also allows him to hang onto equipment maker Toshiba Tec Corp, which was considered "non core" in the now-rejected spin-off. Shimada has praised some businesses at Toshiba Tec for marrying digital to hardware and sources say he didn t want to sell it.

It s unclear if Shimada will be able to appease the hedge funds that own around 30% of Toshiba and are impatient for a private equity buyout. But as Thursday s vote shows, they don t have enough support to completely call the shots.

The outcome of the vote gives Shimada "carte blanche" to show he can deliver, said veteran Japan analyst Jesper Koll of Monex Group.

"For the first time in over a decade, you ve got a CEO at Toshiba who actually is a technologist, who understands technology, who has hands-on experience," he said.

Big manufacturers are increasingly pushing into higher-margin digital services. Shimada s former employer, Siemens, wants to expand its customer base through digital services that improve factories, buildings and train systems.

Shimada says he s the first Toshiba head to understand digital. He was brought in as chief strategy officer for digital in 2018 by then CEO Nobuaki Kurumatani, also a company outsider, who wooed him over ramen noodles in Tokyo s Shimbashi district.

Kurumatani stepped down last year amid a governance scandal and shareholder opposition. Toshiba later said the former boss violated ethical standards. Shimada became the third CEO in about a year when he took over this month from Satoshi Tsunakawa, who remains board chairman.



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Mastercard expands its Business Intelligence Platform for Financial Institutions

Mastercard
Mastercard has announced the expansion of its new interactive business intelligence platform Mastercard Market Trends in the Middle East and Africa. The new platform provides a comprehensive view of payments insights, competitive intelligence and industry trends for banks and financial institutions across the world and now within the Middle East and Africa.

In the Middle East and Africa (MEA), the platform enables a comparison of over 300 cards from five key markets, access to market reports, analysis of global and regional leading fintechs and thought leadership on key payment industry and technology trends, such as Open Banking and Blockchain. Mastercard Market Trends provides a simple, curated view of reliable research – all in one place.

Read more: Business community playing effective role to enhance exports: President

“Access to relevant insights, data, and analytics to inform smart decisions is critical to business success. Mastercard Market Trends offers a one-stop shop for financial institutions to access key information, which will allow for better decision-making and results. The platform brings together the latest market, industry and consumer insights, enabling financial institutions to really understand their customers and confidently embrace the constant evolution in how people shop and pay,” said Dimitrios Dosis, President, Eastern Europe, Middle East and Africa, Mastercard.



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Almost 5,000 killed in Mariupol since Russian siege began, mayor's office

Ukraine
Ukraine said Monday that at least 5,000 people have died in the "catastrophic" humanitarian crisis gripping pulverized Mariupol, as fighting raged around Kyiv including in a strategic suburb where defenders claim to have driven out Russian invaders.

Multiple cities in Ukraine remained under crushing Russian bombardment on the eve of new face-to-face peace negotiations Tuesday in Turkey, as Kyiv -- and its allies in the West -- seek to end the month-long war.

Read more: Abbas slams West's 'double standards' on Ukraine, Palestinians

In the besieged southern port of Mariupol at least 5,000 people have already been buried, according to a senior Ukrainian official who said as many as 10,000 may have died -- appearing to confirm the darkest scenarios of devastation in the city.

"The burials stopped 10 days ago because of continued shelling," Tetyana Lomakina, a presidential adviser now in charge of humanitarian corridors, told AFP by phone Monday.

Russian attacks near Kyiv cut power to more than 80,000 homes, officials said, underscoring the peril facing the capital despite an apparent retreat in Moscow s war aims to focus on eastern Ukraine.

"To capture Kyiv is essentially a captured Ukraine, and this is their goal," warned Ukraine s deputy defence minister Ganna Malyar, who said Russia was "trying to break through the corridor around Kyiv and block transport routes."

Fierce Ukrainian resistance however reclaimed the strategically vital Kyiv suburb of Irpin from Russian troops, by sweeping the area block-by-block, according to Ukraine s Interior Minister Denys Monastyrsky.

AFP journalists said heavy shelling continued to be heard on the road leading to Irpin, however, as residents including 86-year-old Olga Molchanova evacuated from the devastated commuter town.

Read more: Russia signals less ambitious goals in Ukraine war

"I just pray to God for salvation. I pray every day for the soldiers who defend us. Let them have courage," Molchanova cried after reuniting with her daughter Agnesa Brovkina who described hellish conditions in Irpin.

"My mother was deafened by a rocket. All the time, non-stop, shelling. All day and night, bombing, shelling, all of it," said Brovkina, a 62-year-old office worker.

Kyiv s forces also Monday recaptured Mala Rogan, a hamlet on the outskirts of Ukraine s second-largest city Kharkiv in the northeast.

"There are Russian corpses all over the place," a Ukrainian soldier told AFP, saying more than two dozen Russian soldiers had been killed in the fight



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FM Qureshi set to embark on China trip today

 Shah Mahmood Qureshi
Foreign Minister (FM) Shah Mahmood Qureshi will leave for an important visit to China today (Tuesday). According to sources, Foreign Minister Shah Mehmood Qureshi will hold important meetings with the Chinese officials and other foreign ministers in Beijing during his visit.

Sources said that Foreign Minister Shah Mehmood Qureshi will also visit Russia after China and his important meetings are also scheduled there.

Read more: MNA Aslam Bhootani likely to part ways with PTI led govt

Qureshi’s visit is believed to be crucial in light of the current political crisis in the country and Russia’s war with Ukraine, while Sino-Pak officials will also exchange views on bilateral cooperation.



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FM Qureshi set to embark on China trip today

 Shah Mahmood Qureshi
Foreign Minister (FM) Shah Mahmood Qureshi will leave for an important visit to China today (Tuesday). According to sources, Foreign Minister Shah Mehmood Qureshi will hold important meetings with the Chinese officials and other foreign ministers in Beijing during his visit.

Sources said that Foreign Minister Shah Mehmood Qureshi will also visit Russia after China and his important meetings are also scheduled there.

Read more: MNA Aslam Bhootani likely to part ways with PTI led govt

Qureshi’s visit is believed to be crucial in light of the current political crisis in the country and Russia’s war with Ukraine, while Sino-Pak officials will also exchange views on bilateral cooperation.



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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...