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                                                 The Largest Circulated Pakistani-American Newspaper in North America
         VOL. 29/20   13 Ramadan 1440                              Friday, May 17, 2019                                               US & Canada $1.00

          PAGE 7                                   PAGE 11                                   PAGE 17
         Economic Stability                      IMF Deal Termed                         LLF Spotlights                           For news,

         Requires Better                         a ‘Complete                             National Debates                         updated round
                                                                                                                                  the clock, visit
         Governance                              Sellout’ by PML-N                       in New York                              www.PakistanLink.com


          Pakistan Ranks Third        PTI Launches Tax Amnesty Scheme                                                                US Dollar Touches
         in Hydel Power Growth                                                                                                  All-Time High at Rs146.25

        Lahore:  Pakistan has been ranked                                                                                        Karachi: Th  e value of  the US dol-
        third in the world among the top 20                                                                                      lar against the rupee on Wednesday
        countries for newly installed hydro-                                                                                     touched an all-time high of Rs146.25
        power capacity in 2018.                                                                                                  in the open market, DawnNewsTV
            Th  e country was placed at third                                                                                    reported.
        position by the United Kingdom-                                                                                             Th  e greenback’s value increased
        based renowned organization — In-                                                                                        by Rs2.25 to reach an all-time high
        ternational Hydropower Association                                                                                       amid speculations that the local cur-
        (IHA) — in its recently issued report                                                                                    rency will depreciate further.
        titled “2019: Hydropower Status Re-                                                                                         Earlier on Monday, the US dol-
        port — Sector Trends and Insights”.                                                                                      lar had gained Rs2 against the rupee
            Formed under the auspices of                                                                                         in the open market as there were
        UNESCO in 1995 as a forum to pro-                                                                                        strong speculations that the  rupee
        mote and disseminate good practice                                                                                       will depreciate signifi cantly aft er the
        about hydropower, IHA champions                                                                                          signing of a bailout agreement with
        continuous improvement and sus-                                                                                          the International Monetary Fund
        tainable practices in the hydropower                                                                                     (IMF).
        sector.                                                                                                                     Th  e IMF spoke of a “market
            According to the IHA report,                                                                                         determined exchange rate” in its
        Pakistan managed to add 2,487MW                                                                                          statement on the program, and the
        of  hydel electricity  in 2018  behind                                                                                   fi nancial markets have not taken
        China and Brazil at the fi rst and sec-                                                                                  the words very well. Speculation has
        ond rung that added 8,540MW and   FBR Chairman Syed Shabbar Zaidi, Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh, Minister of State for   been high in the forex markets, with
        3,866MW to their systems respec-  Revenue Hammad Azhar, and Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan   small and large investors looking to-
        tively.                       brief the media on the tax amnesty scheme in Islamabad                                     wards the greenback.
            Turkey with an addition of                                                                                              “Th  e potential for higher rate
        1085MW and Angola with an ad-  Islamabad: Th  e Pakistan Tehreek-i-  Th  e  scheme  has come  into  ef-  of taxes until June 30 this year.  of dollar is visible in the inter-bank
        dition of 668MW remained at 4th   Insaf government has announced its   fect through a presidential ordi-  Th  e scheme, approved by the   money market,” a banker was re-
        and 5th positions respectively. India   fi rst  tax  amnesty  scheme  for  whit-  nance, which will off er a period of   federal cabinet during  a meeting   cently quoted as saying.
        stood at the 8th position by adding   ening of undisclosed expenditures,   45 days to people for declaration of   presided over by Prime Minister Im-  “Fears of further devaluation as
        535MW hydel electricity to its sys-  sales and assets, including foreign   their  undeclared  assets,  expendi-  ran Khan on Tuesday, has fi ve main   a result of the agreement with the
        GROWTH, P28                   assets, at nominal tax rates.  tures, and sales along with payment   SCHEME, P28           DOLLAR, P28
         Chartered Plane to Take 65    Saudi ‘Green Card’ Residency Plan for Expats                                                    England Win
         Deported Pakistanis Home                                                                                                Third ODI by 6 Wickets

        Washington:  Two weeks aft er the   Riyadh:  Th  e Saudi cabi-                                                           Bristol:  English openers Jonny
        Trump administration imposed   net is deliberating over                                                                  Bairstow and Jason Roy’s devas-
        visa sanctions on Pakistan, a special   a scheme to issue ‘Privi-                                                        tating knocks up the order helped
        chartered plane will be taking some   leged Iqamas’ to expa-                                                             their side track down a seemingly
        65 individuals deported by the Unit-  triates that would allow                                                           insurmountable 359-run target that
        ed States to Pakistan.        them to become perma-                                                                      Pakistan had amassed in the 3rd
            All these individuals were de-  nent residents, own prop-                                                            ODI in Bristol on Tuesday.
        tained and prosecuted for immi-  erties and start businesses                                                                Bairstow’s 128-run knock off
        gration violations, criminal con-  in the kingdom without                                                                93 balls was pivotal in the run chase
        duct and other serious off ences.   the need of local sponsors                                                           but so was Roy, who contributed a
        Th  e United States has arranged   called kafeel, Arab News                                                              55-ball  76  and  formed  a  159-run
        a special chartered plane to send   reported.                                                                            stand for the opening wicket.
        these detainees back to Islamabad   It is pertinent to                                                                      By the time Roy was dismissed
        on Wednesday, according to Th  e   mention here that in the                                                              by Faheem Ashraf in the 18th over,
        News International.           existing system, expatri-                                                                  most of the damage was done and
            “Th  e decision to send these   ates cannot start a busi-                                                            the required run rate was well under
        individuals back came on the heels   ness without a kafeel, who                                                          control.
        of a warning issued late last month   is required to have a size-                                                           Joe Root (43) and Ben Stokes
        that the imposed visa sanction   able share in the venture,                                                              (37) played their parts before the
        policy might also withhold visas   which oft en leads to mon-  from the hassle of visit-  card’, could also ben-  Arabia  every  year”,  Arab   pairing of Moeen Ali and captain
        of Pakistani senior offi  cials and not   etary disputes.  ing embassies every few   efi t the nearly 2.7 million   News stated.  Eoin Morgan, 46 and 17-run un-
        just ordinary travelers.          If the new scheme is   months to get extensions.  Pakistanis living in Saudi   “Th  e biggest benefi -  beaten innings respectively, got
            “Pakistan was the latest to join   approved,  those  on  visit   Th  e Privileged Iqa-  Arabia who “remit nearly   ciaries of the new scheme   their side over the line for the loss of
        DEPORTATION, P28              visas will also be spared   ma, or the Saudi ‘green   $6  billion  from  Saudi   CARD, P28  CRICKET, P28















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