Page 24 - Pakistan Link - January 29, 2020

P24 – PAKISTAN LINK – JANUARY 29, 2021 COMMENTARY
Five Strategies to Use a Bonus or Fund - 2

n By Saghir Ahmed Aslam 4. Save Through an Educa- sider investing in a gym member-
Rawalpindi, Pakistan tion Savings Plan, Such As a 529 ship or a wellness group. And if
Plan or Coverdell ESA you’re striving to slow down your
(The following information The average cost of tuition lifestyle, you may want to book a FOUNDATION
is provided solely to educate the and fees at a private college was meditation retreat or learn yoga.
Muslim community about in- $34,740 for the 2017-2018 school This way, you reward yourself for P.O. BOX 5481, Santa Clara, CA 95056 | (408) 244.3282 | www.hidaya.org
vesting and finan- year, according to the College a job well done, while achieving
cial planning. It Board.4 This expense has con- an important goal. Support Orphans Monthly
is hoped that the tinued to rise every year, making
Ummah will ben- saving for your children’s college Making the Most of Your
efit from this effort education a priority. Money Sahl ibn Sa’d reported: The
through greater fi- If one of your long-term Earning and receiving a bo-
nancial empower- goals is to send your children to nus, raise or promotion is very Prophet, peace and blessings
ment, and be enabled to live in college, consider allocating some satisfying, and can help you ad- be upon him, said, “The one who
security and dignity and fulfill of your new funds towards a sav- vance your financial well-being.
their religious and moral obliga- ings plan dedicated to covering Speak with your Financial Ad- cares for an orphan and myself
tions towards charitable activi- these expenses. A 529 Plan and visor about how the money can will be together in Paradise
ties.) a Coverdell Education Savings help you reach your future goals.
3. Contribute to a Savings or Account can both be excellent (Saghir A. Aslam only ex- like this,” and he held his two
Investment Plan college savings vehicles because plains strategies and formulas fingers together to illustrate.
If your current financial situ- they are both tax-free when used that he has been using. He is (Sahih al-Bukhari 5659)
ation is solid and your debt is for college. There are important merely providing information,
under control, consider investing differences between the two— and NO ADVICE is given. Mr.
your newfound cash in a savings specifically age, income and Aslam does not endorse or rec-
or investment plan that is ear- contribution limits—so do your ommend any broker, brokerage Donate online via check or card at
marked for a long-term goal, like homework before determining firm, or any investment at all, nor
buying a home, but is also avail- which program is best for your does he suggest that anyone will www.hidaya.org
able for any short-term emergen- family’s needs and goals. earn a profit when or if they pur-
cies. Resist the temptation to in- 5: Invest in Yourself chase stocks, bonds or any other
vest in an ad hoc manner. Instead If all your necessities are cov- investments. All stocks or invest- or call us at (408) 244-3282
of picking a few hot stocks, follow ered and your long-term goals are ment vehicles mentioned are for
your long-term investment strat- on track, think about using some illustrative purposes only. Mr. Hidaya Foundation is a non-profit 501 (c)(3) charitable organization with Tax ID # 77-0502583
egy. Work with your Financial of your enhanced compensa- Aslam is not an attorney, accoun-
Advisor to help reduce volatility tion to accomplish an important tant, real estate broker, stockbro-
within your portfolio through di- short-term goal. For instance, if ker, investment advisor, or certi-
versification and asset allocation you’re focused on making health- fied financial planner. Mr. Aslam
tactics. ier choices, you may want to con- does not have anything for sale.) Exchange Rates for Currency Notes*

Countries Buying Selling
ROLE FROM P10 since then as Saudi Arabia seeks to shrinking as China is the only major Rs. Rs.
In its statement, the Chinese for- deepen its foothold in that country. economy expected to report eco-
eign ministry said Pompeo and oth- In the third quarter of 2020, In- nomic growth for 2020 despite the
ers had quote “gravely interfered in dia, along with Egypt, drove an in- pandemic. And brawling with itself USA 160.40 161.10
China’s internal affairs, undermined crease in foreign investment in the at some crossroad truck stop far over UK 219.00 222.00
China’s interests, offended the Chi- kingdom, a key pillar of the crown the horizon lay my lost homeland”. S.Arabia 42.55 43.05
nese people, and seriously disrupted prince’s economic diversification (Riaz Haq is a Silicon Valley- Japan 1.55 1.58
China-US relations.” The move re- plan. based Pakistani-American analyst Euro 194.00 196.00
flected China’s anger over an accusa- In the meantime, Turkey has and writer. He blogs at www.riazhaq. UAE 43.65 44.15
tion Pompeo made on his final day been boosting ties with Islamabad. com)
in office, that China had committed Its foreign minister, Mevlut Cavu-
genocide against Uighur Muslims in soglu, opened a new consulate in KASHMIR FROM P4 (*January 28, 2021)
its Xinjiang region. Biden’s Secretary Pakistan this month, promised to only India and Pakistan to disaster
of State, Anthony Blinken, said Tues- send investors to explore opportuni- but it will also destroy any possibil-
day he agreed with that assessment. ties and presided over the signing of ity of bringing peace and stability to itly obtained that they were endorsed first showed some concern at least
Chinese foreign ministry agreements in the movie industry. Afghanistan. by the Security Council. They thus over the savagery of the Indian oc-
spokeswoman Hua Chunying dis- Turkish-Pakistani relations are All these peculiarities of the constitute a binding and solemn in- cupation in Kashmir. However, after
missed Pompeo’s allegations Wednes- “unique and enviable” Mujahid An- Kashmir situation become more baf- ternational agreement about the set- the Howdy Modi event which was
day, calling him a “laughingstock” war Khan, Pakistan’s chief of air staff, fling in view of the fact that the medi- tlement of the Kashmir dispute. jointly attended by Prime Minister
and a “clown.” The sanctions come told Turkey’s state-run Andalou atory initiative which would halt the We are dismayed by the lack of Modi and President Trump, there
after Trump imposed sanctions on Agency this month. He thanked the violations of human rights and set the action by the world powers to help seems to have been a tilt towards
Chinese officials and companies for Turkish leadership for its “support- stage for a solution would entail no stop the carnage in Kashmir and India. It is plausible that the tilt has
alleged misdeeds in the South China ive statements” on Kashmir. deployment of United Nations forces, by their virtual indifference to the been caused by the prospect of prof-
Sea. The 28 ex-officials and their im- The Saudis may be losing the no financial outlays and no adversar- situation in our land. The disparity itable American investments in that
mediate family members being sanc- soft-power game to Turkey at the ial relations with India. between their inaction and their re- large country. As Americans, we ap-
tioned also include trade chief Peter moment, said Hawthorne. “But In this context, the following peated assertion that the protection preciate the importance of expand-
Navarro, National Security Advisers they’re probably valuing other considerations are most pertinent for of human rights and encouragement ing economic relations between the
Robert O’Brien and John Bolton, games.” “Turkey has economic lim- an assessment of the dispute by the of democratic solutions are their ma- US and India. But who knows it bet-
Health Secretary Alex Azar, UN am- its as to how much it is willing to world powers. jor foreign policy goals is hard for us ter than newly elected President Jo-
bassador Kelly Craft and former top sacrifice its own economic interests When the Kashmir dispute to understand. Nevertheless, we still seph Biden as a global diplomat that
Trump aide Steve Bannon. The sanc- in pursuit of gaining the soft power. erupted in 1947-1948, the United have confidence that they will realize American investments in India will
tions bar them from entering main- This is never a zero sum game.” - States, Great Britain, China, France, that what is at stake in the dispute is remain exposed to grave danger as
land China, Hong Kong or Macao, Bloomberg Canada, Argentina, Belgium, Co- not only the survival of the people of long as the South Asian Subcontinent
and companies associated with them lumbia, championed the stand that Kashmir, but peace in the populous remains a scene of continuing strife,
would be restricted from doing busi- ROAD FROM P8 the future status of Kashmir must region of South Asia and also the ba- with the specter of war always on the
ness with China. China has repeat- “I climbed a broken fort wall be ascertained in accordance with sis of a civilized worldview. horizon and a nuclear exchange not
edly rejected accusations of abuse and peered east. Ahead unspooled the wishes and aspirations of the Currently, the policy of world an impossibility. Even from a purely
in Xinjiang, where a United Nations 17 months of hiking across India, people of the territory. The US was powers has led the Indian Govern- economic perspective, if not from
panel has estimated at least 1 million yet another democracy cartwheeling a principal sponsor of the resolu- ment to believe that all it needs is concern over peace, genuine de-
ethnic Uighurs and other Muslims into an abyss of right-wing populism. tion # 47 which was adopted by the some political maneuvering to dis- mocracy and observance of human
have been detained in camps. Riding a wave of Hindu nationalism, Security Council on 21 April 1948 sipate foreign concern over the ap- rights, the restoration of normalcy
When India revoked almost one Indian state all but criminalized and which was based on that unchal- palling situation in Kashmir. Dr Syed in South Asia deserves to be a policy
seven decades of autonomy held by marriages between Hindu and Mus- lenged principle. The basic formula Nazir Gilani said it best, “We should goal for the world’s only superpower
the restive, mostly Muslim state of lim citizens”. for settlement was incorporated in pull down the heavens and roof of – the United States. The Kashmir dis-
Jammu and Kashmir, Pakistan, which the resolutions of the United Nations the United Nations, alert our friends pute being the key cause of conflict,
also claims the region, had hoped that From the top of Nandana Fort, Sa- Commission for India and Pakistan all over the world, point out that the its marginalization can hardly serve
Saudi Arabia would galvanize Mus- lopek also sees China which he de- (UNCIP) adopted on 13 August 1948 notification on 35A was a serious vi- long-term American interests.
lims around this issue. The kingdom, scribes in the following words: and 5 January 1949. olation of UN Resolutions on Kash- Without reservation, it can be
the biggest source of remittances into “In the blue distance beyond These are not resolutions in the mir, a violation of the agreement be- said that if anybody becomes in-
Pakistan and among its largest credi- sprawled China. Its economic out- routine sense of the term. Their pro- tween Government of India with the strumental in resolving the Kashmir
tors, didn’t. put in 2019, according to one report, visions were negotiated in detail by people of Kashmir and a violation of dispute – the bone of contention be-
Instead, trade with India, which hit 67 percent of the United States’ the UN Commission with India and the agreements between India and tween the two very potentially dan-
the kingdom sees as an important gross domestic product. The gap be- Pakistan and it was only after the con- Pakistan.” gerous countries - deserves not only
economic powerhouse, has thrived tween China and the United States is sent of both Governments was explic- The Trump Administration at KASHMIR, P28
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