Public warned of rising fraud - Oman Daily Observer
Public warned of rising fraud - Oman Daily Observer
Public warned of rising fraud - Oman Daily Observer
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WEDNESDAY, APRIL 10, 2013<br />
SUBCONTINENT<br />
13<br />
Musharraf treason<br />
hearing adjourned<br />
Ahmed Raza Kasuri (C), lawyer <strong>of</strong> Pervez Musharraf, talks to the media outside the Supreme Court in Islamabad yesterday. — AFP<br />
Remittances by non-resident Pakistanis to exceed $14 bn<br />
KARACHI — The inlow <strong>of</strong> remittances<br />
from non-resident Pakistanis<br />
in Gulf, Europe and the Americas<br />
back home is likely to exceed $14<br />
billion for the iscal year ending June<br />
30, 2103. However, they may witness<br />
a dip if forex spread — a rupee<br />
value difference between interbank<br />
and open markets — is widened<br />
and thereby increasing use <strong>of</strong> un<strong>of</strong>-<br />
icial channels for money transfer,<br />
experts here said yesterday.<br />
Showing an eight per cent yearon-year<br />
average growth, it seems<br />
that remittances will amount to<br />
$14.256 billion at the end <strong>of</strong> current<br />
iscal year, which will also be in line<br />
with the State Bank <strong>of</strong> Pakistan’s estimate<br />
for the year.<br />
Bangla strike<br />
fuels violence<br />
DHAKA — A truck driver died in a<br />
northern Bangladesh city yesterday<br />
as clashes erupted during a nationwide<br />
strike called by the opposition<br />
to protest against the arrests <strong>of</strong> their<br />
senior leaders.<br />
The unrest is the latest to hit<br />
Bangladesh stemming from an ongoing<br />
war crimes tribunal at which<br />
opposition leaders are on trial for<br />
crimes committed during the country's<br />
1971 war <strong>of</strong> independence<br />
against Pakistan.<br />
Police said the 35-year-old driver<br />
was hit by rocks thrown by opposition<br />
activists in Bogra when he was<br />
driving a cargo-laden truck in deiance<br />
<strong>of</strong> a 36-hour strike enforced<br />
by the Bangladesh Nationalist Party<br />
(BNP) and its 17 allies.<br />
"One <strong>of</strong> the rocks hit him in the<br />
chest and he died on the way to a<br />
hospital," constable Mehedy Hasan<br />
said, adding several opposition activists<br />
were arrested in connection<br />
with the incident. The opposition<br />
called the strike to protest against<br />
the arrest <strong>of</strong> their deputy chief and<br />
eight other senior <strong>of</strong>icials.<br />
The central bank forecast that remittances<br />
will be in the range <strong>of</strong> $14<br />
to $15 billion in iscal 2012-13. During<br />
the last iscal year, remittances<br />
amounted to over $13 billion. The<br />
igures <strong>of</strong> remittances’ inlows for<br />
the nine months <strong>of</strong> the ongoing iscal<br />
year are to be released by today.<br />
Remittances sent by overseas Pakistani<br />
workers increased by 7.47<br />
per cent year-on-year to $9.2 billion<br />
during July-February 2012-13<br />
against $8.5 billion in the same period<br />
last year.<br />
“Due to substantial increase in<br />
currency rate spread <strong>of</strong> interbank<br />
and open market, most <strong>of</strong> the portion<br />
<strong>of</strong> the remitted inlows was<br />
channelised through open market<br />
US to keep pressure on Sri Lanka<br />
to allow rights violations probe<br />
Myanmar labourers unload pebbles from a ship, to be used at construction<br />
sites, in Yangon yesterday. — AFP<br />
and un<strong>of</strong>icial sources like hawala<br />
and hundi,” said Sayem Ali, an economist<br />
at Standard Chartered Bank.<br />
Hundi or Hawala is an alternative<br />
system that operates parallel to traditional<br />
banking channels.<br />
He said that currently the rupee<br />
is trading at 98.44 versus the US<br />
dollar and it stood at 98.2 till March<br />
2013, down eight per cent year-onyear<br />
from 90.9 in March 2012. The<br />
slide in the rupee is likely to accelerate<br />
due to heightened political<br />
uncertainty ahead <strong>of</strong> the 2013 elections<br />
and large debt payments.<br />
“These factors will raise spread<br />
between the <strong>of</strong>icial and free foreign<br />
exchange markets,” he added. “If<br />
the money transfers (remittances)<br />
COLOMBO — The United States<br />
will keep the pressure on Sri Lanka<br />
to allow an independent investigation<br />
<strong>of</strong> accusations <strong>of</strong> human rights<br />
violations in the inal stages <strong>of</strong> the<br />
civil war and speed up reconciliation,<br />
its ambassador said. Michele<br />
Sison said concerns over human<br />
rights and deteriorating democratic<br />
values had prompted her country<br />
to sponsor a second resolution condemning<br />
the Indian Ocean nation at<br />
the UN Human Rights Council last<br />
month.<br />
"As we examine next steps, we<br />
will renew our consideration <strong>of</strong> all<br />
mechanisms available, both in the<br />
Human Rights Council and beyond,"<br />
Sison told foreign correspondents<br />
late on Monday. She did not<br />
elaborate. Since the end <strong>of</strong> the war<br />
with the Liberation Tigers <strong>of</strong> Tamil<br />
Eelam, Sri Lanka has repeatedly rejected<br />
calls for an independent, international<br />
probe into accusation <strong>of</strong><br />
rights abuses. Last month, the United<br />
Nations adopted the second USsponsored<br />
resolution calling on Sri<br />
Lanka to carry out credible investigations<br />
into killings and disappearances<br />
during the war, especially in<br />
the brutal inal stages.<br />
It also voiced concern at reports<br />
<strong>of</strong> continuing violations including<br />
killings, torture, curbs on freedom<br />
<strong>of</strong> expression and reprisals against<br />
activists and journalists.<br />
The resolution, as in the irst<br />
one adopted last year, called on Sri<br />
Lanka to implement recommendations<br />
to address rights abuses recommended<br />
by its own local inquiry<br />
panel, the Lessons Learnt and Reconciliation<br />
Commission, appointed<br />
by President Mahinda Rajapaksa.<br />
"Some form <strong>of</strong> credible investigation<br />
is in the interest <strong>of</strong> the government<br />
concerned," Sison said.<br />
"For when there are serious allegations<br />
<strong>of</strong> human rights violations,<br />
whether a government likes it or<br />
not, those allegations will persist<br />
through informal or un<strong>of</strong>icial channels,<br />
such as hundi and hawala keep<br />
on <strong>rising</strong> due to substantial spike in<br />
the currency rates’ spread, then remittances<br />
are hardly to maintain upward<br />
trend. A difference between <strong>of</strong>-<br />
icial and un<strong>of</strong>icial foreign exchange<br />
rate is maintained for now. It rose to<br />
three to four rupees in March 2013,”<br />
said Muzzammil Aslam, a senior<br />
economist.<br />
Analysts believed since remittances<br />
are an important and stable<br />
source <strong>of</strong> foreign exchange inlows<br />
than direct and portfolio investments,<br />
slowdown in growth <strong>of</strong> remittances<br />
would further weaken<br />
the country”s fragile balance <strong>of</strong> payments’<br />
position. — Internews<br />
until they are credibly addressed."<br />
An <strong>of</strong>icial spokesman said on<br />
Sunday that Sri Lanka was setting<br />
up a presidential commission to investigate<br />
a mass grave with the remains<br />
<strong>of</strong> more than 150 people.<br />
Two reports submitted to a<br />
court last week said that the human<br />
remains, in the town <strong>of</strong> Matale 142<br />
km north <strong>of</strong> the capital, dated back<br />
to the period 1986-1989 when Sri<br />
Lanka faced a Marxist insurrection.<br />
“The president has decided to<br />
appoint a presidential commission<br />
to inquire into the mass grave. This<br />
will be apart from the ongoing police<br />
inquiry,” Mohan Samaranayake,<br />
Rajapaksa’s spokesman, said.<br />
The decision to set up commission<br />
comes ive months after the mass<br />
grave was found at a building site<br />
near a hospital. Ajith Jayasena, the<br />
judicial medical <strong>of</strong>icer at the hospital,<br />
said the excavation was still<br />
going on and there may be more remains<br />
in the grave.<br />
Myanmar economy grows<br />
more than 6 per cent<br />
BANGKOK — Myanmar's economy grew 6.3 per cent in the iscal<br />
year that ended March 31, compared with 5 per cent the previous<br />
year, the Asian Development Bank said yesterday.<br />
It said the growth "relects business optimism buoyed by the government's<br />
steps since 2011 to liberalise the economy and prospects<br />
for further reform." Investor optimism was relected by a<br />
14-fold increase in the number <strong>of</strong> new foreign company registrations<br />
in the irst 10 months <strong>of</strong> iscal 2012.<br />
The government granted investment approvals to 62 foreign<br />
projects in the April-December period, more than the number<br />
granted during the previous three years. Revenues from tourism<br />
exceeded 500 million dollars in 2012, up more than 60 per cent<br />
compared with the previous year, ADB said.<br />
"Net foreign direct investment lows and renewed <strong>of</strong>icial development<br />
assistance supported an overall balance <strong>of</strong> payments<br />
surplus and increase in foreign exchange reserves to an estimated<br />
5.1 billion dollars in iscal 2012, equal to about 4 months <strong>of</strong><br />
imports <strong>of</strong> goods and services," the report said.<br />
Exports during April-December, were down 3.6 per cent, due<br />
to lower demand for agricultural products in China and Thailand,<br />
although exports <strong>of</strong> garments rose 18 per cent. Myanmar's exports<br />
<strong>of</strong> natural gas to Thailand, which account for 38 per cent <strong>of</strong><br />
total exports, were lat. The bank forecast 6.5 per cent growth in<br />
Myanmar for the current in iscal year.<br />
ISLAMABAD — Pakistan's top court<br />
yesterday granted former ruler Pervez<br />
Musharraf a breathing space in his battle<br />
against treason allegations dating<br />
back to his time in power.<br />
Lawyers are petitioning the Supreme<br />
Court to have the 69-year-old<br />
retired general put on trial for treason<br />
for subverting the constitution during<br />
his 1999-2008 rule.<br />
Musharraf returned to Pakistan last<br />
month from four years <strong>of</strong> self-imposed<br />
exile to stand in the May 11 general<br />
election, which will mark the irst democratic<br />
transition <strong>of</strong> power in the country's<br />
troubled 66-year history.<br />
Judge Jawad Khawaja adjourned<br />
the treason hearing to April 15 to give<br />
Musharraf's lawyers time to prepare a<br />
response, rejecting their plea to put the<br />
matter <strong>of</strong>f until after the election to allow<br />
him time to campaign.<br />
"The cases are very simple in nature<br />
and the matter that needs to be looked<br />
at is straightforward enough," the judge<br />
said.<br />
"We therefore consider it will be suf-<br />
icient to meet the ends <strong>of</strong> justice if the<br />
cases are adjourned to April 15."<br />
Musharraf has been approved to<br />
stand as a candidate in the remote<br />
northern area <strong>of</strong> Chitral, although a<br />
lawyer has vowed to contest that decision,<br />
but he has been rejected in three<br />
other seats.<br />
Musharraf has said he came home<br />
to "save" Pakistan, which is aflicted by<br />
an economic malaise and near-daily<br />
attacks by the Taliban and other militants.<br />
But the retired general has had a<br />
muted homecoming and in addition to<br />
the treason allegations faces a host <strong>of</strong><br />
other legal challenges.<br />
He has been bailed over the 2007<br />
killing <strong>of</strong> former prime minister<br />
Benazir Bhutto and a Baluch dissident<br />
leader in 2006, and for sacking and arresting<br />
judges during emergency rule<br />
in 2007. Musharraf dismissed around<br />
60 top judges including Chief Justice Iftikhar<br />
Muhammad Chaudhry, who was<br />
held under house arrest. — AFP<br />
Tribal clashes kill 13 Pakistani<br />
soldiers and over 100 ighters<br />
ISLAMABAD — Ongoing ighting in Pakistan's<br />
north-western tribal territory<br />
has left at least 13 soldiers and more<br />
than 100 Taliban dead, security <strong>of</strong>icials<br />
said yesterday.<br />
The ighting, which began on Friday,<br />
followed weeks <strong>of</strong> clashes between rival<br />
militias to control strategic heights<br />
in Tirah, a remote valley in the Khyber<br />
tribal district bordering Afghanistan,<br />
the <strong>of</strong>icials said on condition <strong>of</strong> anonymity.<br />
"Our 13 soldiers have embraced<br />
martyrdom but we have inlicted heavy<br />
casualties on the miscreants, killing<br />
more than 100 <strong>of</strong> them," one <strong>of</strong> the <strong>of</strong>-<br />
icials said.<br />
The military was also using jet ighters<br />
to strafe the dissident positions,<br />
several <strong>of</strong> which overlook the neighbouring<br />
tribal districts <strong>of</strong> Kurram and<br />
Orakzai, and one <strong>of</strong> the supply routes<br />
used by the security forces deployed in<br />
the region.<br />
There was no independent conirmation<br />
<strong>of</strong> the death toll because the<br />
tribal belt is largely <strong>of</strong>f limits for journalists.<br />
Taliban-linked banned group<br />
Lashkar-e-Islam had initially attacked<br />
positions held by its rival militia Ansarul-Islam,<br />
which had reportedly allied itself<br />
with pro-government tribesmen to<br />
push back the militants.<br />
Sri Lanka’s President Mahinda Rajapaksa (C) leaves after attending the<br />
presentation <strong>of</strong> the 2012 Central Bank <strong>of</strong> Sri Lanka annual report as Central<br />
Bank Governor Ajith Nivard Cabraal (R) looks on, in Colombo yesterday.<br />
Parents tell <strong>of</strong> relief after<br />
French hostage freed<br />
KABUL — The parents <strong>of</strong> a Frenchman<br />
released after four months in captivity<br />
in Afghanistan said their son was in<br />
good health after using his wits to stay<br />
alive throughout his gruelling ordeal.<br />
Claire and Vincent Borghi said in<br />
an email that they had spoken by telephone<br />
to their son, Pierre, 29, who<br />
was freed on Sunday, one <strong>of</strong> two French<br />
hostages released in recent days.<br />
"His health appears to be good despite<br />
the very dificult conditions <strong>of</strong> his<br />
captivity and his tiring escape. We are<br />
very proud <strong>of</strong> Pierre, who knew what<br />
to do at the right time to stay alive,"<br />
they said.<br />
"We are obviously relieved and<br />
happy to know Pierre is free. We<br />
have talked to Pierre briely Monday<br />
evening, while he was in a military hospital,"<br />
they added, thanking "all those<br />
who participated in the search and<br />
supported us".<br />
Borghi worked in Afghanistan from<br />
2011 to 2012 for French charity Solidarites<br />
International and returned to<br />
Kabul last year to take photographs<br />
and try to establish himself as a photographer.<br />
Shoib Sharii, director <strong>of</strong> the Afghan<br />
<strong>Public</strong> Protection Force, said guards<br />
from his company found Borghi near<br />
one <strong>of</strong> their check points in the province<br />
<strong>of</strong> Wardak on Sunday evening.<br />
French <strong>of</strong>icials have not conirmed<br />
how he was freed.<br />
The second released man, who has<br />
not been named, was taken captive in<br />
Kabul on January 27.<br />
He was working for ACTED (the<br />
Agency for Technical Co-operation and<br />
Development), a Paris-based non-governmental<br />
organisation, when he was<br />
dragged from a vehicle in Kabul.<br />
French <strong>of</strong>icials in Paris announced<br />
on Monday he had been freed.