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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.

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