Tag Archives: administration

Pakistan awaits diplomatic benefits from the Biden government | Instant News


KARACHI – Experts believe the administration of US President-elect Joe Biden will benefit Pakistan by reducing pressure on China.

As Biden gave his acceptance speech at the weekend, Prime Minister Imran Khan wrote on Twitter: “Congratulations @JoeBiden & @KamalaHarris. Look forward to President-Elect Biden’s Global Summit on Democracy. … We will also continue to work with the US for peace in Afghanistan & in this region. “

Prior to Biden’s victory speech, Foreign Office representative Zahid Hafeez Chaudhri told reporters that Karachi was looking forward to working with the eventual winner.

Under Trump, the US has intensified its criticism of the China-Pakistan Economic Corridor, or CPEC, the $ 50 billion flagship project of Chinese President Xi Jinping’s Belt and Road Initiative, a global infrastructure investment that paves the way for Chinese influence, exports and telecommunications equipment.

Last November, Alice Wells, the US assistant secretary of state for South Asia, criticized CPEC for its lack of transparency and rising costs, implying that it creates a debt trap for Pakistan. “Lack of transparency could increase CPEC’s costs and encourage corruption, resulting in a heavier debt burden for Pakistan,” he told a Wilson Center event in Washington.

Joe Biden’s Democratic Presidency is expected to allow Pakistani Prime Minister Imran Khan to maintain close ties with China. © Getty Images

Wilson Center is a 52 year old think tank.

Ambassador Wells repeated the criticism on many occasions, despite his strong repudiation by Beijing and Islamabad. With Biden’s inauguration in January, experts see an opening for the US to support CPEC and end its criticism.

Michael Kugelman, deputy director of the Asia Program at the Wilson Center, believes Biden will try to take a more conciliatory position with China, which could require efforts to promote cooperation on issues like climate change. “I can imagine the Biden administration supporting efforts led by the US private sector to offer assistance on clean energy projects linked to CPEC,” he told Nikkei Asia.

Experts believe Biden will put a stop to the intense trade and diplomatic row fueled by Trump.

Malik Siraj Akbar, an analyst based in South Asia in Washington, said most Democrats do not view China as an enemy but as a competitor. So the Biden administration, he believes, is likely to try to mend those relations. “The US will also let China play its regional leadership role without interfering in CPEC-like projects,” he said, “because they are in line with America’s goal of seeing a stable and economically developing Pakistan.”

Akbar also has the view that Pakistan will gain strength in its fight against the new coronavirus with Biden at the White House. He said that under Biden, the US and China would most likely work together to end the pandemic. “Pakistan will be the beneficiary of the cooperation between the two economic powers,” he said.

Imran Khan and US President Donald Trump at a World Economic Forum meeting in Davos, Switzerland, on January 21. © Reuters

While geopolitical experts believe Biden’s presidency will improve US-Pakistan relations, they also say it will have nothing to do with Pakistan-China relations.

US-China relations are likely to be a little less strained, leading to an increase in American-Pakistani relations but no effect on a strong Sino-Pakistani relationship, said Kugelman.

“Islamabad has never needed China more,” he said, “mainly because of the economic pressure of Pakistan, so I see the alliance remaining strong.”

At the same time, some experts are of the view that changes in the White House will not affect major changes in US policy toward China.

Mohan Malik, a visiting fellow at the Center for Strategic Studies in Near East Asia in Washington, said Washington sees Beijing’s Belt and Road Initiative as a predatory trap to ensnare developing countries on China’s outskirts.

He believes this view also shapes US policy towards CPEC, given the lack of transparency in the many infrastructure deals and high-interest loans that have forced Pakistan to seek IMF bailouts. “I don’t think US policy towards CPEC or Pakistan-China relations will undergo a big change if Biden wins the US election,” he told the Nikkei.

Malik also worries the Biden administration could adopt a new approach to Afghanistan and undermine Islamabad and Beijing’s plans for the war-torn country. Recently, Islamabad and Beijing have been working with Washington to ensure that the Afghan peace negotiations are successful and that the new government in Kabul can be friendly with Pakistan and China.

“If Biden decides to postpone a total withdrawal [of troops] from Afghanistan, “he said,” it will negatively impact Beijing-Islamabad’s plans for closer ties with Kabul under the new dispensation. “

.



image source

Pakistan awaits diplomatic benefits from the Biden government | Instant News


KARACHI – Experts believe the administration of US President-elect Joe Biden will benefit Pakistan by reducing pressure on China.

As Biden gave his acceptance speech at the weekend, Prime Minister Imran Khan wrote on Twitter: “Congratulations @JoeBiden & @KamalaHarris. Look forward to President-Elect Biden’s Global Summit on Democracy. … We will also continue to work with the US for peace in Afghanistan & in this region. “

Prior to Biden’s victory speech, Foreign Office representative Zahid Hafeez Chaudhri told reporters that Karachi was looking forward to working with the eventual winner.

Under Trump, the US has intensified its criticism of the China-Pakistan Economic Corridor, or CPEC, the $ 50 billion flagship project of Chinese President Xi Jinping’s Belt and Road Initiative, a global infrastructure investment that paves the way for Chinese influence, exports and telecommunications equipment.

Last November, Alice Wells, the US assistant secretary of state for South Asia, criticized CPEC for its lack of transparency and rising costs, implying that it creates a debt trap for Pakistan. “Lack of transparency could increase CPEC’s costs and encourage corruption, resulting in a heavier debt burden for Pakistan,” he told a Wilson Center event in Washington.

Joe Biden’s Democratic Presidency is expected to allow Pakistani Prime Minister Imran Khan to maintain close ties with China. © Getty Images

Wilson Center is a 52 year old think tank.

Ambassador Wells repeated the criticism on many occasions, despite his strong repudiation by Beijing and Islamabad. With Biden’s inauguration in January, experts see an opening for the US to support CPEC and end its criticism.

Michael Kugelman, deputy director of the Asia Program at the Wilson Center, believes Biden will try to take a more conciliatory position with China, which could require efforts to promote cooperation on issues like climate change. “I can imagine the Biden administration supporting efforts led by the US private sector to offer assistance on clean energy projects linked to CPEC,” he told Nikkei Asia.

Experts believe Biden will put a stop to the intense trade and diplomatic row fueled by Trump.

Malik Siraj Akbar, an analyst based in South Asia in Washington, said most Democrats do not view China as an enemy but as a competitor. So the Biden administration, he believes, is likely to try to mend those relations. “The US will also let China play its regional leadership role without interfering in CPEC-like projects,” he said, “because they are in line with America’s goal of seeing a stable and economically developing Pakistan.”

Akbar also has the view that Pakistan will gain strength in its fight against the new coronavirus with Biden at the White House. He said that under Biden, the US and China would most likely work together to end the pandemic. “Pakistan will be the beneficiary of the cooperation between the two economic powers,” he said.

Imran Khan and US President Donald Trump at a World Economic Forum meeting in Davos, Switzerland, on January 21. © Reuters

While geopolitical experts believe Biden’s presidency will improve US-Pakistan relations, they also say it will have nothing to do with Pakistan-China relations.

US-China relations are likely to be a little less strained, leading to an increase in American-Pakistani relations but no effect on a strong Sino-Pakistani relationship, said Kugelman.

“Islamabad has never needed China more,” he said, “mainly because of the economic pressure of Pakistan, so I see the alliance remaining strong.”

At the same time, some experts are of the view that changes in the White House will not affect major changes in US policy toward China.

Mohan Malik, a visiting fellow at the Center for Strategic Studies in Near East Asia in Washington, said Washington sees Beijing’s Belt and Road Initiative as a predatory trap to ensnare developing countries on China’s outskirts.

He believes this view also shapes US policy towards CPEC, given the lack of transparency in the many infrastructure deals and high-interest loans that have forced Pakistan to seek IMF bailouts. “I don’t think US policy towards CPEC or Pakistan-China relations will undergo a big change if Biden wins the US election,” he told the Nikkei.

Malik also worries the Biden administration could adopt a new approach to Afghanistan and undermine Islamabad and Beijing’s plans for the war-torn country. Recently, Islamabad and Beijing have been working with Washington to ensure that the Afghan peace negotiations are successful and that the new government in Kabul can be friendly with Pakistan and China.

“If Biden decides to postpone a total withdrawal [of troops] from Afghanistan, “he said,” it will negatively impact Beijing-Islamabad’s plans for closer ties with Kabul under the new dispensation. “

.



image source

City authorities crack down on profiteers, hoarders | Instant News


The city district government took action against profiteers and hoarders on Friday at the direction of Commissioner Karachi Sohail Rajput.

Milk sellers have been fined for selling tainted milk in various districts in the city. According to details shared by the commissioner’s office, more than 280 liters of milk were wasted due to adulteration and a dairy shop was also closed.

Meanwhile, the butcher was fined more than Rs 50,000 in the city. Rajput directs deputy commissioner and assistant commissioner to take action against profiteers. Collectively, a fine of Rs140,000 was imposed in the various city raids.

The commissioner advised the public to get milk that meets hygiene standards. “The deputy commissioner must personally take action against profiteers in their district,” he said.

According to a press statement from the commissioner’s office, Karachi’s auxiliary commissioner, Dr Waqas Roshan, together with relevant officials took action against adulterers, profiteers and hoarders in the city.

More than 280 liters of milk is wasted because it is considered unfit for human consumption. On the other hand, the dairy shop is closed during the operation. The commissioner orders the deputy commissioner to ensure that the commissioner’s office price list is enforced in the city. “Those found to have violated the tariffs that the government has notified must be taken to duty,” Rajput said.

A milk seller was also arrested during the raid. Two dairy shops were fined Rs 30,000, while the chicken butcher shop was fined Rs 50,000.

.



image source

Trump is targeting immigration in an effort to prevent widespread unemployment | Instant News


WASHINGTON, DC – The Trump administration on Monday suspended temporary work visas, including H-1B, for foreigners until the end of the year.

This marks the latest attempt to ban immigrants from entering the country.

The new policy “extends and expands” during President Donald Trump’s April pause on the issuance of new green cards, which will continue beyond the initial 60-day period until the end of the year, according to a senior administration official.

“The H-1B action is temporary but permanent action is taken to reform the US visa system into something that is more” achievement-based, “a senior administration official told reporters at a briefing.

Trump is also expected to sign an executive order on Tuesday directing new restrictions on the majority of H-1B, H-4, H-2B, J and L visas, with some exceptions, which last until December 31 – “frankly, due to increasing unemployed, “the official told reporters.

Officials say that any violation with an H-1B visa will be investigated by the US Department of Labor (USDOL).

“The president has instructed us to get rid of the lottery” for such a visa, the official added.

The US government said that restrictions on new visas until the end of the year would affect nearly 525,000 American jobs.

“We hope this will get broad and bipartisan support,” the official said.

However, new restrictions have been excluded for medical workers, especially those involved in the care or research of COVID-19.

Regarded as COVID -19 or economic response, it was a joint effort by the government to roll back available visas for people abroad as a result of high unemployment in the US due to the coronavirus pandemic, the official noted. (ANI)

.



image source

Virgin Australia bidders narrowed to two: Bain and Cyrus Capital Partners | Instant News


Virgin Australia narrowed the list of bidders for troubled airlines to two: a private investment company based in Boston Bain Capital, and global investor Cyrus Capital Partners, which has links to British billionaire and founder of Virgin Richard Branson.

The Virgin Deloitte administrator, led by Vaughan Strawbridge, has spent the past two days roasting selected parties about their offer.

He said the next stage in the sale of Virgin Australia’s business and assets began today.

With the coronavirus crisis stalled the travel industry, Virgin Australia went to administration on April 21, owe about $ 7 billion for around 12,000 creditors.

There are about 20 interested parties, including a last offer by the Queensland Government.

Shortlist it narrowed down to four bidders, which, aside from Bain Capital and Cyrus Capital, includes private equity firm BGH Capital and US aviation investor, Indigo Partners.

“Five indicative non-binding proposals were accepted on Friday, and they have now been selected for two selected bidders,” Strawbridge said.

“Both Bain Capital and Cyrus Capital Partners are well-funded, have deep flight experience, and they see real value in the business and its future.”

Bain Capital is one of the leading private investment companies in the world with assets under management of around US $ 105 billion ($ 155 billion).

It brings local flight experience with the help of Jetstar’s former chief executive Jayne Hrdlicka, who previously also worked at the Bain consultancy arm.

If Bain wins the bid, there are suggestions that can be taken over as Virgin’s new CEO, replacing Paul Scurrah.

New York-based investment advisory firm Cyrus Capital Partners manages around $ US4 billion ($ 6 billion) in investments globally.

The company was founded by Stephen Freidheim in 1999. Mr. Freidheim has served on several company boards, including from the Virgin America airline.

His company was one of the original supporters in Virgin America when Sir Richard Branson founded the airline.

The final offer will be due on June 12.

Strawbridge said it was still their intention to have a binding agreement by 30 June.

Close-up of Jayne Hrdlicka as he talks into the microphone.
If Bain wins the bid, there are suggestions that Jetstar’s former CEO Jayne Hrdlicka can take as Virgin’s new CEO, replacing Paul Scurrah.(AAP: Tracey Nearmy)

‘Competitive tension’ is what we want: Deloitte

Mr Strawbridge said strong interest from all parties had caused “competitive tension”.

“That is important in a process like this, and we are in a strong place when it comes to providing the best commercial results for all creditors, and to see a strong and sustainable Virgin Australia emerge from this process,” he said.

Other bidders who were previously thought to be playing for the airline can come to the table in partnership with one of the two bidders.

Another party that had considered the initial non-binding offer before list four was Canadian investor Brookfield.

But the company, which has managed assets valued at $ US515 billion ($ 760 billion), was expelled from the formal sales process.

Reportedly worried that Virgin could run out of money before the second creditor meeting.

Brookfield then reappeared and submitted a detailed bid proposal to Deloitte on Friday.

“There will also be speculation that entities related to parties who have not moved to the next phase, as well as others, may be involved in some capacity with the remaining parties,” he said.

“That, of course, will be a problem for them.”

The union has tried to withdraw Virgin Worker, which counts around 9,000 creditors, in getting $ 450 million in the rights they owe.

Before the company submits administration, Virgin Australia is quickly running out of cash, with flight experts warning, it had until September to find a solution before it collapsed.

Some bidders are concerned that the company will run out of funds by the end of June.

The travel ban imposed to control the spread of COVID-19 forced the airline in March to land most of its aircraft and temporarily reduce the majority of its 10,000 strong workforce.

Some aviation experts argue that a new owner might shrink the Virgin fleet and mostly focus on favorable domestic routes.

But the national secretary of the Transportation Workers’ Union Michael Kaine noted that administrators had indicated that the two selected bidders “did a lot of capital for the airline” and held ambitions to return to a full service airline.

“Now is the last bidder to show that they can follow through on their commitment to ensure the best results for the Australian community and Virgin workers,” Kaine said.

A middle-aged man talks to a microphone with the people behind him listening and holding a placard.
The National Secretary of the Transportation Workers ‘Union (TWU) Michael Kaine hopes that whoever emerges as the winner of the tender will protect workers’ rights and maintain full service airlines.(AAP: Bianca De Marchi)

ACTU President Michele O’Neil said that Cyrus Capital Partners and Bain Capital had “examined the history relating to workers’ rights and industrial relations”.

“We will continue to be vigilant in carrying out our due diligence and subject the bidders to proper supervision and supervision,” he said.

“Every successful bid must maximize the amount of permanent and full-time work in Virgin Australia, and protect as much work as possible.”

He said 100 percent of all employee rights must be paid and protected.

This includes the transfer and security of the rights of all employees who are held at work, and 100 cents in dollars of accrued rights to be paid to workers who are not given continuing work, he said.

“And every successful bid must secure a viable future for Virgin Australia, and for our aviation industry,” he added.

Demonstrations will be held to support airline workers

Mr Kaine said on Thursday that airline workers across the country would hold rallies demanding a national plan for the industry.

He also criticized the Federal Government for not offering more funding and regulatory support to guarantee Virgin’s future, saying it “continues to jeopardize successful results by remaining a silent and passive observer”.

“The Federal Government has no direction about aviation and workers in all sectors are disappointed because they know their work is under threat,” he said.

“Other governments around the world are stepping in and supporting their aviation industry.”

Virgin Australia’s chief executive, Paul Scurrah, has been repeatedly asking the Federal Government for a $ 1.4 billion loan, which can be converted into shares.

But to date, federal ministers including Treasurer Josh Frydenberg say the Government don’t want to “save” Virgin and prefers to leave the market to solve the problem themselves.

In March, the Federal Government announced an Australian airline financial assistance package.

The Government grant website shows that under this scheme, Virgin Australia was given $ 25 million in assistance, while Qantas was given $ 37 million.

However, support for Rex regional airlines is much higher at more than $ 80 million.

Shadow transport minister Catherine King said the government had repeatedly promised to take a sectoral approach to aviation, “but that was clearly not a problem”.

He repeated the call for the government to step in and ensure the survival of the Virgin II mark.

“Over the past few days we have heard reports that administrators, bidders and unions have real concerns about the ability of airlines to survive through an unsecured administration regarding government support,” King said in a statement on Monday.

“The government must immediately outline the level of support that is ready to be offered to guarantee the future of 16,000 workers who depend on Virgin Australia and the survival of Australia’s second major airline.”

.



image source