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  • Private Indian banker named first BRICS bank head

    The BRICS — Brazil, Russia, India, China and South Africa — announced last year that they were forming the development bank to be headquartered in Shanghai.

    The move was seen as a major challenge to the Washington-based International Monetary Fund and World Bank, which some powers see as biased towards Western policy positions.

    “Kamath has been appointed as the president of BRICS bank for a term of five years,” an Indian finance ministry spokesman told AFP.

    Finance secretary Rajiv Mehrishi confirmed Kamath’s appointment and said the New Development Bank would probably be operational within a year, the Press Trust of India news agency reported.

    Kamath, 67, is a veteran private banker who is credited with turning the ICICI Bank into one of India’s largest private lenders during his 13 years as managing director and CEO.

    He also spent several years working at the Asian Development Bank in southeast Asia and is currently non-executive chairman of both ICICI and Indian software giant Infosys.

    BRICS nations had agreed that the bank would be headed by an Indian for the first five years.

    The bank will provide $50 billion for infrastructure projects and have $100 billion in an emergency reserve fund, with each country contributing $10 billion, BRICS leaders said last year when the bank was announced.

    The IMF, set up along with the World Bank during the Bretton Woods conference in 1944, has faced criticism for imposing onerous conditions and for not giving wider representation to developing nations on its controlling committees.

    Experts say that much remains unclear about the scope of a BRICS bank, including how much risk it would take.

    BRICS nations account for nearly $16 trillion in GDP and 40 percent of the world’s population.

    China has separately persuaded 56 other countries to join its own initiative, the Asian Infrastructure Investment Bank. -AFP

  • Imran slams PML-N stance on NA-125 verdict

    According to details, Imran Khan along with his confidants appeared before the judicial commission to probe electoral rigging.

    In response to the suspension of election tribunal’s verdict of re-polling in NA-125, Imran Khan said that Saad Rafique got a stay for only a month.

    “Nawaz-league is trying to give the impression as if the irregularities took place only because of the blunders of the election staff and not to benefit anyone,” he lamented.

    The Election Commission of Pakistan (ECP) was responsible of watching out for discrepancies in the polls, but the commission was itself involved in the rigging, maintained the PTI chief.

    Khan further said that 15 out of total 70 thousand verified voters in Ayaz Sadiq’s constituency were also fake.

    “Judicial commission’s action will suggest up to what extent the institutions are independent,” Khan declared.

  • 19 of 31 abducted Shiites freed in prisoner swap: Afghan officials

    Masked gunmen seized the ethnic Hazaras from a bus in southern Zabul province in late February, with suspicions falling on militants aligned with the Islamic State group — an emerging threat in Afghanistan.

    Government efforts to secure their release have been shrouded in mystery as the Taliban, waging a 13-year insurgency in Afghanistan, have distanced themselves from the incident.

    “Nineteen Hazaras who were abducted in February were released today,” Zafar Sharif, a district governor in the restive southeastern province of Ghazni, told AFP, without elaborating.

    Officials differed on the number of detainees released, and details on their allegiances were not immediately clear.

    Asadullah Kakar, a member of Zabul’s provincial council, told AFP the Hazaras were freed “in exchange for 22 Uzbek militant fighters”.

    “These Uzbek militant fighters were detained when they entered Afghan soil from the bordering North Waziristan tribal area of Pakistan,” he said.

    But Hasan Reza Yousufi, a provincial council member in Ghazni, claimed “10 to 16 Taliban detainees from Chechnya and Uzbekistan” were part of the swap.

    The unusual abduction sent shockwaves through the community, evoking memories of the Taliban’s rule from 1996 to 2001, when minorities were heavily persecuted.

    Family members of two of the 19 men told AFP they received calls from the government in Ghazni confirming their release and officials added that the remaining abductees would also be released imminently.

    Afghan officials have been tight-lipped about their behind-the-scenes efforts to secure their release but President Ashraf Ghani in April said his government had spent $6 million on the military operations to free them.

    He did not offer any more details on the nature of those operations.

    No one has yet claimed responsibility for the abduction in February, but kidnappings for ransom by bandits, local militias and Taliban insurgents are common in Afghanistan.

    The kidnappings triggered speculation that the men had been seized by Afghan insurgents who have pledged allegiance to the Islamic State group.

    Militants last month conducted IS-style beheadings of five Shiites who were abducted in Ghazni province, highlighting a growing pattern of insurgent assaults on minorities.

    Those ethnic Hazaras were kidnapped after they travelled out of their home district to shop for cattle.

    Nearly 200 Hazara Shiites were killed in early 2013 in two major attacks in the Pakistani city of Quetta, capital of Baluchistan province which borders southern Afghanistan. -Afp

  • Aged 100, Australian dancer still hears call of the stage

    “I don’t mind. I’m 100!,” she laughs from the Sydney rehearsal of a music video in which she is performing. “I’m liberated. I don’t have to be 35 all the time.”

    Conversation with Kramer moves swiftly — from how she used to eavesdrop on philosopher Jean-Paul Sartre in a Paris cafe, to modelling for famous artists, to Louis Armstrong teaching her to do the twist.

    She puts her life’s unusual trajectory down to seeing, at the age of 24, a performance by Sydney’s Bodenwieser Ballet, run by Viennese immigrant Madame Gertrud Bodenwieser, who had fled to Australia via Colombia after escaping the Nazis.

    Kramer tried out for the troupe and was accepted to classes. She recalls that after her first session she felt “free” — and within three years was a member of the company.

    Although named the Bodenwieser Ballet, it is credited with being Australia’s first truly influential modern dance company, and despite her lack of classical training, Kramer found she had talent.

    “It wasn’t wild, untrammelled movement; there was a definite technique to do. It just suited me.”

    Kramer credits the languid movements learned at Bodenwieser and her own love of expressive gestures with enabling her to continue her dancing career for so long.

    Other contemporaries have suffered more physical problems, she said.

    “The other members of the Bodenwieser Ballet mostly have something wrong with their bones. I haven’t got anything wrong because I didn’t do all that… hitting the ground when you come down. So I think that’s why I haven’t got false hips or knees.”

    Kramer says she still works on her ballet exercises, admittedly from the comfort of her bed most mornings.

    “But I do get up and do plies and things. Some of the foot exercises in classical ballet are very, very good for strengthening your feet. And I need it now because I can only see with one eye so my balance is affected.”

    With her bright lipstick and a near-fluorescent orange dress she made herself, Kramer recounts touring Australia, New Zealand, South Africa and India with the Bodenwieser troupe before setting up on her own.

    “I was always interested in India and when we toured there I got a taste for India, I suppose,” she says, explaining how she took up residence in the country’s top hotels as their dancer or artist.

    “In Pakistan, somebody told me I could paint. Next thing I found myself in a pavilion… painting scenes of Paris. That wouldn’t happen now. But I was on the spot and I did it. I had two assistants. So I set to work and did it.”

    In Europe she earned money as an artist’s model, something she had done in Sydney for Australian painter Norman Lindsay, often for France’s noted cubist Andre Lhote and his school.

    “He came into the classroom the first day and said, ‘Ah, a genius, a beautiful model’. And when he showed me the painting, it was all cubes,” she laughed.

    She recalls an occasion in France’s Dieppe when she was waiting to travel to America as her partner Baruch Shadmi played roulette in the casino.

    “So I went into the ballroom to amuse myself and Louis Armstrong and his group were there,” she said.

    “And I was the only person in the ballroom and I was trying to do the twist. I didn’t get it. So he showed me.”

    ‘I began to think of kookaburras’

    Kramer moved to New York with filmmaker Shadmi, but gave up dancing when he had a stroke, caring for him for 18 years until his death.

    Afterwards, she returned to performing, but at the age of 99, after the death of another partner, decided to come home to Australia.

    “I began to think of kookaburras. The smell of gum trees,” she said.

    “It’s natural to come back to your own country.

    Although previously little known in her native land, her return has sparked a new chapter in her career, with the dancer collaborating on three music videos.

    “It’s her commitment to creativity. It’s so inspiring to see,” explains singer Sarah Belkner, 31, on why she chose Kramer to dance in her new music video.

    To mark turning 100, in March she performed The Early Ones, a dance piece she crowdfunded and choreographed herself, with Australians donating more than Aus$26,000 (US$) to help her fulfil her dream.

    The dancer herself cannot conceive of being anything other than an artist. “I couldn’t do anything else,” she said.

    “I don’t feel like my life has been difficult. I paint. I write. So if I couldn’t dance, I would be standing before an easel painting.”

    She stays in touch with modern life using a mobile phone and has used Facebook, and asked about the secret to her longevity, she jokes: “I don’t smoke, I don’t drink and I don’t chase women.

    “People do say, ‘Oh I wish I could do what you’ve done’. And I just say, ‘Well, do it’. -AFP

  • May 12 carnage: Legal fraternity to observe ‘black day’ tomorrow

    The lawyers will boycott proceedings at the Sindh High Court on May 12 to commemorate the killing of their colleagues, said PBC in a statement here.

    The lawyer demanded of the Chief Justice of Pakistan Nasirul Mulk to take suo motu notice of lawyers killing on May 12, 2007.

    They regretted that not a single killer involved in carnage of May 12 has been apprehended so far.

    Over 45 people were killed including lawyers and dozens wounded on May 12, 2007 when a political rally was held the day then Chief Justice of Pakistan Iftikhar Mohammad Chaudhry landed at Karachi airport to address the Karachi Bar Association.

  • Sindh Election Commissioner cross-examined in Judicial Commission

    The counsel of Pakistan Muslim League-Nawaz (PML-N) Shahid Hamid cross-examined the witness.

    Replying a question of the counsel Anwar said that Additional Secretary Election Commission had telephoned him to help the Printing Corporation of Pakistan for additional staff.

    Salman Akram Raja, the counsel of the election commission in a question asked Sindh Election Commissioner about ordering any printing press about printing of additional ballot papers after May 07. The witness replied in negation.

    PTI counsel Abdul Hafeez Pirzada in his arguments said that he was unaware who has written the reply of the election commission and signed on the papers. He requested the commission for repeat cross-examination of the two witnesses.

    The Chief Justice granted the request and remarked that the witness account will be finalized while hearing the audio recording.

    Pirzada also requested for suspension of the cross examination of witnesses till availability of relevant documents.

    The court adjourned the hearing on the request till tomorrow (Tuesday).

    Imran Khan talks to media

    Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan has said that the proceedings of the Judicial Commission (JC) would demonstrate the level of independence of the state institutions.

    According to ARY News, Imran Khan was talking to media before appearing in the Judicial Commission hearing.

    A three-member Judicial Commission headed by Chief Justice Nasirul Mulk inquiring into the rigging claims in May 2013 general elections.

    The PTI leader referring the forensic report of NADRA about NA-122 votes said that 93,000 votes of the constituency could not be verified.

  • Falling cemetery headstone kills toddler in Texas

    The child, whose named was not released, was brought to the Odessa Regional Medical Center on Friday where he was pronounced dead, Corporal Steve LeSueur, a spokesman for the Odessa, Texas, Police Department said on Saturday.

    An autopsy will be performed on the child by authorities in Tarrant County, LeSueur said.

    The accident occurred at the Ector County Cemetery in Odessa, in the western-central part of the state. – Reuters

  • Pakistan’s GDP to grow by 5.7 percent this year

    Pakistan was placed at fifth position of G20 and BRICS nation with GDP growth rate of 5.7 percent this year.

    According to the list , India tops the list for growth of 7.6 percent while China is at second place with 6.9 percent GDP growth.

    Philippines was placed at third spot with 6.7 percent GDP growth followed by Vietnam with 6.2 percent.

    Pakistan’s GDP is expected to grow by 4.7 percent in 2016 whereas India’s expected GDP growth rate for 2016 is 8.1 percent.

    The country’s industrial production increased by just 0.9 percent since last year whereas India’s production jumped by 5.0 percent since 2014.

  • Pakistan to receive $55 crores from IMF

    The final round of talks between the Pakistani government and IMF being held today.

    According to sources, Federal Minister for Finance Ishaq Dar will lead his country’s delegation in talks.

    The government has assured the monetary institution that the electricity and gas prices in the country will be increased, sources said.

    It is also being said that IMF has told Pakistan to reduce the subsidy on its energy sector and to expand the tax net to more people.

    IMF has expressed its satisfaction over Pakistan’s economic performance, sources added.

  • Fawad Khan starts shooting for ‘Kapoor and Sons’

    For fans of swashbuckling actor Fawad Khan, we have good news. The actor commenced shoot for his upcoming film Kapoor and Sons alongside high-profile cast members Alia Bhatt and Sidhart Malhotra. The movie, which is going to be a family drama, is directed by Shakun Bhatra and will be produced by the esteemed Dharma Productions.

    Bollywood actor Sidhart Malhotra was too ecstatic and took the liberty to share a picture from the sets of the film from his official Twitter account.

     

    Last month, reports circulated in the media that Pakistani actor Fawad Khan was required to shoot an intimate scene with Alia Bhatt, to which the actor had frankly refused. Also read: Fawad Khan refuses to shoot intimate scenes with Alia Bhatt!

    This is the second time that Alia and Sidharth will star in a Karan Johar production, as both stars made their debut in the acclaimed film Student of the Year. Fawad will be working in his second Bollywood film, after starring in last year’s Khoobsurat alongside Sonam Kapoor. The film helped Fawad earn a prestigious Filmfare award for the best male debut category, an award that no other Pakistani artist had ever achieved.

    Fawad will be busy next month also shooting for Battle for Bhittora from JuneFor the film, Sonam Kapoor will act with Fawad for the second time, after Khoobsurat.