Page 13 - Pakistan Link - May 17, 2019

PAKISTAN MAY 17, 2019 – PAKISTAN LINK – P13

Pakistan Stock Exchange Experiences Protests in Indian-Occupied Kashmir

Bloodbath, Benchmark Sheds 937 Points over Rape of Three-Year-Old

attached with the IMF
bailout package respon-
sible for the bearish rule at
the bourse.
“As a result of the at-
tached conditions by the
IMF, heavy taxation is to
be slapped on the con-
sumers to improvise the
target collection by a fur-
ther PKR650-700bn trig-
gering further inflation-
ary pressures and slowing
down economic growth.”
He added that dai-
ly traded value for the
100 Index increased to
$33.6mn from $10.9mn in
the previous session.
Another senior ana-
Karachi: The Pakistan 33,900 points down 816 value. The Maple Leaf Ce- lyst Ahsan Mehanti also Srinagar: Large parts of Indian- In a tweet, he said the incident
Stock Exchange (PSX), points or 2.4 per cent. ment (MLCF) followed shared the same views. occupied Kashmir (IOK) erupted in was another brutal reminder of the
a day after the govern- The benchmark touched a with 7.1m shares whereas “Investors fear impact of protest on Monday over the rape of humanitarian nightmare in occu-
ment announced a $6bn day’s high at 35,228 points its shares lost 4.98pc of prior actions and agreed a three-year-old child. pied Kashmir.
International Monetary up 512 points during first their value. The Bank of conditions in the up- Last Wednesday, a car mechan-
Fund (IMF) package, ex- few minutes of the session. Punjab (BoP), Pakistan coming budget, leading ic, a neighbor of the victim’s family, Indian
perienced a bloodbath on It touched a day’s bottom International Bulk Termi- to increase in taxes and allegedly lured the child into the toi-
Monday, with the bench- at 33,779 points down 816 nal Ltd (PIBTL) and Unity utility prices to obtain a let of a nearby school and sexually Opposition
mark KSE-100 Shares In- points or 2.4pc near the Foods Limited (UNITY) 39-month Extended Fund assaulted her.
dex shedding 937 points end of the session. followed with 6.8m shares, Facility (EFF) for $6b,” the The accused, from the Sumbal Mocks Modi’s
— a loss of more than 2.7 As many as 89.9 mil- 6.5m shares and 4.7 m analyst said. area north of Srinagar and thought
per cent — during intra- lion shares of the bench- shares changing hands. “The agreement is to be 20 years old, has already been Claim
day trading. mark companies, worth Their shares also lost value subject to IMF Board ap- arrested.
Trading opened at Rs4.7 billion, changed by 6.5pc, 8.2pc, and 8.4pc proval and timely imple- On Monday, allegations Delhi: Indian opposition leaders on
34,716 points and showed hands during the session. respectively. mentation of economic emerged that the principal of anoth- Sunday mocked Prime Minister Na-
an upward activity for a The K-Electric Lim- Mohammad Faizan, policies to resolve low er school issued a certificate for the rendra Modi for claiming that he had
few minutes before adopt- ited (KEL) led the most an analyst and head of for- growth, high inflation, accused that he was a minor, spark- given the Indian Air Force the green
ing a negative trajectory active stocks as 9.8 million eign institutional sales at high indebtedness and ing anger and triggering protests signal to proceed with airstrikes in
for the rest of the session. shares changed hands. Its the Next Capital Limited, weak external position,” across the occupied valley. Balakot on February 26 despite bad
At least a dozen people, includ-
The market closed at shares lost 5.69pc of their held the tough conditions he added. ing government forces personnel, weather because “the clouds could
actually help our planes escape the
US Transfers Funds Meant for Pakistan were injured when tear gas and pel- radars”.
Communist Party of India
let shotguns were fired to quell the
for Building Mexico Border Wall protests in many towns, police offi- (Marxist) General Secretary Sitaram
cer Swayam Prakash Pani said.
Yechury described the prime min-
“One of the injured protestors is ister’s remarks as shameful. “Most
increasing attacks on civilian and critically wounded,” Pani said. importantly, because they insult
military targets. “We have registered a separate our Air Force as being ignorant and
“We made steady but slow case against the school principal and unprofessional,” Yechury said. “The
progress on aspects of the frame- detained him for questioning.” fact that he is talking about all this is
work for ending the Afghan war. Thousands also protested in itself anti-national, no patriot would
We are getting into the nitty gritty. Srinagar and clashed with the occu- do this.”
The devil is always in the details,” he pying forces. The CPI(M) leader said na-
wrote in a tweet. Across the held valley, thou- tional security was not something
“However, the current pace of sands of security forces wearing riot to be trifled with. “Such an irrespon-
talks isn’t sufficient when so much gear were deployed to contain the sible statement from Modi is highly
conflict rages and innocent people spreading protests. damaging,” he added. “Somebody
die. We need more and faster prog- A police statement later on like this cannot remain India’s prime
ress. Our proposal for all sides to Monday said that protests had minister.”
reduce violence also remains on the spread to northern Baramulla dis- Yechury’s party alleged that
table,” he added. trict where 47 security personnel Bharatiya Janata Party (BJP) and
US and Taliban representatives and seven protestors were injured in Rashtriya Swayamsevak Sangh
have held six rounds of direct talks the clashes. (RSS) workers lack “rationality and
since October in Doha, Qatar, to The security personnel used scientific temper” and that the prime
end the 18-year war in Afghanistan. tear gas on the angry stone-pelting minister was no different.
Acting US Defense Secretary Patrick Shanahan speaks with troops and The latest round of negotiations protestors in the region. Schools National Conference leader
border patrol officials near the US-Mexico border in McAllen, Texas, US with the Taliban ended on Thurs- across IOK were shut down sponta- Omar Abdullah took a dig at the BJP
on May 11, 2019 day. neously as did shops and businesses. for deleting a tweet about Modi’s
these funds come from an Afghan The Afghan government, how- Hundreds of students at three claim.
n By Anwar Iqbal security forces account while an ever, is not involved in the talks as university campuses also protested, “Looks like the tweet got lost
unspecified amount was taken from the Taliban refused to sit with Ka- demanding capital punishment for in the clouds,” Abdullah tweeted.
Washington: The United States is the funds previously meant for Pak- bul, after calling it a US “puppet”. the alleged perpetrator and action “Luckily there are screen shots float-
transferring $1.5 billion meant for istan. Taliban spokesman Zabihullah against the school principal. ing around to help.”
Afghanistan and Pakistan to a fund “The funds were culled from a Mujahid, however, has called the Lawyers abstained from work The National Conference leader
to build the Mexican border wall, variety of sources, to include unex- current round of talks “positive”, in the courts on Monday to express sarcastically added that Pakistani ra-
says acting Defense Secretary Pat- ecuted prior year funds, the suspen- adding that “progress” was made on solidarity with the victim. dars do not penetrate clouds.
rick Shanahan. sion of reimbursements to Pakistan, some points but others were “yet to Condemnations of the crime “This is an important piece
The funds have been repro- and costs reductions in a series of be finalized”. poured in from leaders from across of tactical information that will be
grammed despite an increase in contracts,” Secretary Shanahan said. The talks have, so far, focused the political spectrum appealing for critical when planning future air
attacks inside Afghanistan and a The Pentagon announced that on two key points: the full with- calm, with freedom leader Mirwaiz strikes,” he added.
complaint by the US chief negotia- the reprogrammed money will be drawal of foreign forces from Af- Umar Farooq saying the incident Congress spokesperson Sanjay
tor that peace talks with the Taliban used to build more than 120 miles ghanistan and ensuring that Af- was “a crime against humanity”. Jha tweeted, “Modi ji yeh radar hai,
are not moving at a sufficient pace. of barriers along the US-Mexico ghanistan is not used as a base to Syed Ali Geelani, said the al- please remove your Rayban and see
“We reprogrammed $1.5 bil- border. harm other countries. leged crime was “a black stain on the the clouds again.”
lion towards the construction of Ambassador Zalmay Khalil- Sher Mohammad Abbas social fabric” of Kashmir. Peoples Democratic Party chief
more than 120 miles of border bar- zad, who heads the US team negoti- Stanekzai, the head of the Taliban’s Mehbooba Mufti said Modi’s logic
rier without impacting readiness,” ating a peace deal with the Taliban, political office in Doha, and Mullah Pakistan condemns incident was painfully embarrassing.
Mr Shanahan said in a statement said on Friday that the peace talks Baradar, a co-founder of the mili- Foreign Office Spokesperson “No secret that Balakot strikes
released late Friday. were not only moving at a slow tant group, were leading the Taliban Dr Muhammad Faisal also slammed failed to hit the intended target,”
More than $600 million of place but had also failed to halt team in the talks. – Dawn the assault on the three-year-old. MODI, P26
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