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Looting flows in the blood of PML-N, PPP Leader: Firdous | Instant News


LAHORE: Special Assistant to the Chief Minister (SACM) for Information, Dr Firdous Ashiq Awan, said the king of corruption is enjoying a luxurious life abroad while his students make noise and screams in the country to protect the personal interests of their fleeing leader.

In a statement, he stressed that the plunder and possession of Iqama was ingrained in the blood of PML-N and PPP leaders, adding that “robbing and running away” was not politics. Billions of rupees were deposited abroad through past corruption, he added.

SACM says that everyone is familiar with the mind-boggling stories of money laundering from the self-appointed khadim-e-aala, who always favor financial interests over actual public needs. The so-called lions of the past have turned into wolves today. In fact, these are just pygmies in the presence of an honest and trustworthy leader like Imran Khan, he said. Meanwhile, the government’s timely decisions have been recognized around the world, he added.

Dr Firdous said the total coronavirus cases had reached 147,292 out of 2,655,241 tested so far. A total of 767 new cases were reported and 25 people died in the past 24 hours in the province, the SACM added.

Meanwhile, PML-N Punjab’s Information Secretary Azma Bukhari said that Dr Firdous Ashiq Awan should start looking for his next ‘job’.

In a statement issued Thursday, he said one of the bamboos from the “government hut” had fallen and now stands on propaganda and lies. He said the other three bamboos would soon fall out of place, adding, a charity party would soon be turned into a box party.

He said only ‘Ehtesab Akbar’, ‘Zill-e-Chauhan’ and ‘Baji Khadima’ would be left to save Imran Khan’s sinking ship. He said a government with four additional seats would not be able to bear the brunt of the 400 resignations.

Nadeem Afzal Chan took the right decision at the right time, he said, adding that no respected minister was prepared to admit the false decision of a fake prime minister.

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Cushman & Wakefield: The Impact of COVID-19 on Swiss Real Estate | Instant News


The COVID-19 case count was out of control so the Federal Government decided to take further action. The number of customers per square meter in shops has been reduced, there is a two-household rule for private meetings and restaurant visits, and now there are various restrictions for ski resorts. In addition, the Federal Government continues to advocate working from home.

Housing

Net yields for Swiss residential properties have remained stable during the COVID-19 pandemic. Vacancy rates in major cities such as Zurich and Geneva remain very low with stable average rental prices of CHF / sq m 330 in Zurich and CHF / sq m 370 in Geneva. Interest rates are expected to remain low until at least the end of 2021, which makes residential properties in sought after locations still a profitable investment for pension funds, other institutional investors, and wealthy private investors.

Office

The office markets in Zurich, Geneva and Basel remained stable during 2020. Prices fell slightly in the middle of 2020 but jumped again towards the end of the year. The vacancy rate in Geneva remained the same (5%), office space in Basel increased slightly from 1.8% to 2.2% and in Zurich the vacancy rate fell from 1.4% to 1.1%. The median rent per square meter is CHF 360 in Zurich, CHF 240 in Basel and CHF 470 in Geneva. In suburban locations and locations with weaker infrastructure, the impact of COVID-19 is visible. Economic prospects as well as the increasing demand for a modern work environment make this location less desirable. Potential tenants at peripheral locations are very price sensitive, which causes prices to drop.

Retail

The rental price for retail space on the Zurich highways increased to CHF / m2 440 from CHF / m2 400 at the start of the year. Retail properties in the cities of Basel, Lausanne, Berne and Geneva also saw a slight increase in rental prices. Non-food retail spaces that are located within walking distance of the highway and on the outskirts are experiencing a decrease in demand resulting in lower prices.

In short, the demand for real estate with stable cash flow in a good location remains high among Swiss investors. Net yields for residential, CBD offices and highway retail properties were almost unchanged. The results for offices and retail in secondary locations have increased markedly.

October 29

The number of new COVID-19 cases has increased almost exponentially over the past few weeks, and to date, the federal government in Switzerland has decided on some additional measures that will have a drastic impact on everyday life.

Meetings in public spaces and private events are now limited to 15 and 10 people, respectively, and masks have to be worn almost everywhere.

Sports and cultural activities are limited to some extent which makes them largely impossible. Nightclubs must be closed and there is a curfew from 23.00 to 6.00, universities should switch to distance learning, and working from home is strongly recommended.

The appetite for real estate investing remainshigher, also driven by Swiss pension funds and insurance companies whose cash surpluses increased during the first lockdown.

We’ve seen a lot of traction on transactions related to property types including:

  • residence;

  • mixed use; and

  • commercial / industrial including development.

Investors still look at the core office, but currently there are only smaller properties on the market. We expect most of the ongoing deals to close before the end of the year – now that being used to the pandemic situation most investors have experience on how to deal with it.

The demand for office space from occupants fluctuates, with some companies still securing large spaces for the foreseeable future, while others are now focusing on more flexibility.

August 19

The pandemic COVID-19 outbreak caused the most serious decline in economic activity in Switzerland in more than four decades. Although there are signs of easing in the business situation, there is still a measurable drop in demand.

Swiss economic development will continue to depend on the pandemic. In the updated scenario, the leading Swiss Institute of Economics predicts that output will shrink by 4.9% this year, based on the assumption that the possible increase in new infections in the winter months can be contained.

However, the Swiss economy weathered the crisis relatively well compared to other European countries, with the GDP growth rate for 2021 estimated at 4.1%. Residential real estate and certain core products are crystallizing as safe havens for investors, and the importance of new asset classes such as Data Center be elevated.

August 5

Switzerland has had very few new COVID-19 cases since mid-May, so by June most of the restrictions had been lifted. As the number of cases increased slightly in July, it is mandatory to wear masks on public transport and self-quarantine for ten days after entering Switzerland from high-risk areas. Business continues as usual.

The corporate invaders are bringing people back to their offices (with and without social distancing) and there is debate as to whether they will try to reduce their existing footprint. While we have several examples of companies placing excess space in the market, this appears to be related to the difficult economic situation and decreased business turnover compared to implementing alternative workplace strategies.

Office and retail activities are on the rise again as tenants with expired leases are looking for attractive opportunities. Even with slightly less than usual demand, due to low supply, the main German-speaking Swiss centers show a paradoxical increase in market rents in certain sub-markets (eg Zurich CBD). However, the disparity in office vacancy rates and market rental rates is expected to widen between city and suburban locations.

The funding situation of Swiss institutional investors has not changed, and they are still looking to invest in both core and core + real estate with a home bias. The big deal that started before COVID is now continuing, with the sale of the 53,000 square meter Glatt Center in Zurich and other significant deals having been announced recently.

23 April

Last Thursday, the Federal Council announced plans for a ‘way back’ to a ‘new normal’:

  • April 27: some shops can be reopened, such as: hairdresser, DIY / garden center, flower shop

  • May 11: all retail stores can be reopened, schools too

  • June 8: the university will reopen, as well as a museum and zoo

The borders are still more or less closed, people are still told to stay at home and work from home. There is no set date for reopening the restaurant, bar, coffee shop and sports facilities. This says about 75% of Swiss companies are still working normally.

The commercial real estate market began to react to the economic slowdown. Landlords with restaurants and shops in their portfolios face a lot of pressure to reduce rents or even waive rents. We see that the retail real estate sector and the hospitality and leisure industry are temporarily near ‘dead’. In the office market, we see transactions go further as if nothing has changed and others are delayed or even stopped. In the investment market we see that the transaction process has not started, some are postponed, some transactions are still closed.

April 16th

Since last week, lock entry Switzerland has extended to 26 April. Schools, universities, shops (grocery store, gas station still open) and restaurants remain closed.

April 9th

In Switzerland, the lockdown was announced on March 13. Schools, universities, shops (grocery store, gas station remain open) and restaurants are closed at least until April 19. People were told to stay at home. Offices, construction sites and factories are still functioning – although everyone is asked to work from home whenever possible.


The authorities have developed several packages to try to help those affected by the actions being taken by the Federal Council (Bundesrat). As:

  • Loan

  • short working time for all sectors

The commercial real estate market began to react to the economic slowdown. Landlords with restaurants and shops in their portfolios face pressure to reduce rents or even waive rents – at least until the end of the closure.

Although some landlords are already facing difficulties obtaining leases for commercial space, the real estate industry has not reacted so far.

There is no clear vision for the future, but the retail sector appears to be ‘dead’ for now, especially as all shops are closed now.

There is also uncertainty in the office market. Some transactions are running as normal while others have been postponed or even stopped completely.

In the investment market we see transaction processing not starting, some being delayed, some being closed. The pricing still looks quite high and unchanged.

Denial

Cushman & Wakefield plc publish this content on January 14, 2021 and take full responsibility for the information contained therein. Distributed by the Public, unedited and unaltered, at 14 January 2021 20:37:02 UTC

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PM Imran rejects SAPM’s resignation of Power Tabish Gohar – Pakistan | Instant News


Published in 12 January 2021 21:42

PM Imran rejects SAPM’s resignation at Power Tabish Gohar

ISLAMABAD (Dunya News) – Prime Minister Imran khan has directed Special Assistant for Power Tabish Gohar to continue his duties, rejecting his resignation from the post.

According to the details, Tabish Gohar asked the prime minister, during which meeting Imran Khan convinced him to resolve his objections.

It is important to mention that Tabish Gohar resigned from his post on January 7 due to unnecessary interference in the ministry of energy.

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Karachi: Investigations reveal the defendant was released on bail involved in funding ISIS – Pakistan | Instant News


Published in 12 January 2021 5:00 p.m.

Karachi: Investigations reveal the defendants were released on bail for involvement in ISIS funding

KARACHI (Dunya News) – The Counter-Terrorism Department has registered a case regarding funding for the ISIS terrorist organization from Karachi. The defendant was released on bail due to lack of evidence.

Omar bin Khalid was arrested in December 2020 from Tariq Street in Karachi, said the Counter-Terrorism Department (CTD) source. However, because there was no evidence against the defendant, he was released on bail against a personal guarantee.

Sources said that two cell phones were seized from the possession of defendant Omar bin Khalid and sent for forensics. The digital forensic report found evidence against the accused and his accomplices. The defendants Junaid’s accomplice, Zia and Owais were also named in the case.

Investigations revealed shockingly that the defendants were in contact with ISIS terrorists and their families in Syria and Pakistan.

The defendant used to fund ISIS in various ways. Funding is used for terrorist activities in Syria and possibly Pakistan.
CTD officials hope that the defendant will be tried soon.

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German minority policies in Romania and its foundations | Instant News


In the 12th century, a large number of Germans immigrated to Eastern Europe to start trading in this region. Of this group, many Germans also settled in Romania, especially in Transylvania. The group of so-called Romanian Germans continued to develop in the following centuries, mainly due to further emigration from Germany.

Romanian Germans have been able to maintain their culture, language and religion for more than 850 years. However, the number of Romanian Germans dropped dramatically during and after the Cold War due to immigration to Germany.

Although the German minority numbered about 750,000 in 1930, today there are only about 36,000 Germans in Romania.

Relations between Germany and Romanian Germans have always been very close. Although the German minority settled in Romania, they wanted to reunite with Germany in recent centuries.

The attempt at unification with the German Empire in 1871 and cooperation with Nazi Germany in Romania during World War II are important examples of this desire for unification.

Despite discrimination, the German minority is tolerated in Romanian majority society and is even seen as a role model. This is mainly because the German minority makes a large contribution to the Romanian economy through trade.

Even during Nicolae Ceausescu’s regime during the Cold War, German minorities were allowed to continue their Protestant and Catholic practices in churches, albeit with restrictions. This was not a given during the communist era.

After the end of the Cold War, Romania, like other Eastern European countries, underwent a process of transformation. In this process, integration of democracy and rule of law is declared the ultimate goal. Germany concluded a bilateral agreement with Romania in 1992, and in 1995 and 1996, the two countries entered into additional cooperation agreements in the fields of education and culture.

German presence

This agreement greatly strengthened German-Romanian relations in the long term. During this process, several German institutions, foundations and companies have established themselves in Romania.

Among the most important German foundations are the politically affiliated Konrad Adenauer Foundation, the Hans Seidel Foundation, the Friedrich Ebert Foundation, and the Friedrich Naumann Foundation.

According to their own statements, these foundations independently pursued the goal of strengthening the rule of law and the democratization process in Romania.

Although these foundations act independently of each other, they adhere to certain guidelines of German foreign policy. Collaboration can also occur between these political foundations if interests overlap in one area.

Much of the collaboration took place between the Konrad Adenauer Foundation and the Hans Seidel Foundation because of their political closeness.

Political foundations usually organize seminars, conferences, workshops and symposiums to bring Western European values ​​closer to the Romanian public.

But most importantly, these organizations serve to train aspiring politicians in Romania and connect them with German politicians and academics.

To strengthen this network, these foundations organize educational excursions to the Bundestag, for example. This also increased German influence on politics in Romania.

With regard to culture and education, the Goethe Institute in Bucharest is the most important German institution. The Goethe Institute ensures the preservation of German culture and language in Romania, not only with seminars and workshops, but also with targeted German teacher training.

The Goethe Institute collaborates with several schools and universities in Romania to teach, for example, German at these institutions. The Goethe Institute is directly funded by the German state, individuals and sponsors.

Educational problems

In addition, there are German schools in Romania run by the Goethe Institute and the Central Agency for Schools Abroad (ZfA), where students can take the German Abitur, a test required to qualify for admission to German universities.

Officially, there are 53 German-speaking schools, most of which are attended by Romanian children from the upper middle class. This is mainly because Germany’s minority population is very small.

In addition, Romanian families from the upper middle class send their children to German schools because these children have much better opportunities in their future careers.

German schools are also seen as elite schools, even though they are state-funded. The reason is that the highest success rates for graduation are achieved in German schools. While the graduation rate in Romanian schools is 55% -65%, the graduation rate in German schools is 98%.

In addition, there is the German Academic Exchange Service (DAAD), which also supports student and academic exchanges between Germany and Romania.

Trade, economic ties

Cooperation in the field of education extends to developments in the economic field. Since the end of the Cold War, the trade volume between the two countries has continued to increase.

Especially with Romania’s entry into the European Union in 2007, a big leap can be seen: Although in 2005, its trade volume was $ 10.7 billion, it increased to $ 15.2 billion in 2007.

In 2019, the trade volume between the two countries reached more than $ 20.7 billion. Germany is considered the most important economic partner for Romania.

Despite its relatively small size, Romania is also considered an important trading partner for Germany, ranking 20th among all countries in the world.

There are currently about 7,500 companies registered in Romania with German participation. Companies such as Mahle, Bosch, Conti and Hella are particularly present in Romania. Daimler has also invested approximately 300 million euros ($ 365 million) in Sebes, Transylvania.

In addition, German retail chains such as Kaufland have also found Romania as a location. According to the German-Romanian Chamber of Commerce and Industry, German companies are the third largest foreign investor in Romania in terms of investment.

How about the press?

German minorities have run their own daily newspapers in German for more than several centuries, which have closed numerous times. Currently there are only Allgemeine Deutsche Zeitung (ADZ) and Siebenburgische Zeitung.

The ADZ is in particular an important means of communication for the German minority, because it is through this daily newspaper that the German minority receives the most important information about current developments affecting them.

Another very important foundation is the German Democratic Forum in Romania (DFDR). The DFDR was founded in 1990 by the German minority with the aim of representing the German minority politically as an ethnic group.

Several ethnic groups live in Romania, and the Romanian parliamentary system allows each ethnic group to be represented in Parliament by at least one member of parliament from each ethnic group. The DFDR provides MPs who will represent the German minority in the Romanian Parliament.

Furthermore, it should be underlined that the DFDR is a country funded by Romania and Germany. In 2010, the German Federal Interior Ministry confirmed that it gave 1.65 million euros to the DFDR.

The German minority serves a liaison function in German-Romanian relations. The DFDR is an important instrument for successfully implementing this bridge. For example, DFDR MPs accompany Romanian government leaders on their official trips to Germany to advise them. The lawmaker played an important mediating role on this journey.

In addition, high-ranking politicians such as Horst Seehofer, Guido Westerwelle and Angela Merkel have visited the DFDR on their official trip to Romania. They stressed repeatedly how important the DFDR and the German minority are to German-Romanian relations.

The domestic political influence of the DFDR can be illustrated by the example of Romanian President Klaus Iohannis.

Iohannis himself is a member of the DFDR and, after a successful term in Sibiu as mayor, he was elected president of Romania for two consecutive terms in 2014 and 2019.

The activities of German foundations, institutions and educational institutions are of strategic importance for both countries. The German foundation has made a significant contribution to the successful transformation of Romania.

Romania’s entry to the EU in 2007 was the culmination of this successful transformation process. Educational and cultural institutions have helped not only to preserve culture and language but even to spread it to a part of the majority population of Romania.

Through better relations, a successful transformation process and support for the German language, the two countries can also benefit economically.

The German minority also contributed to the preservation of the German-Romanian community by establishing communication media. The foundations of the DFDR were not only an important means of establishing direct contact with the German government but also of exerting some influence on Romanian politics.

* Students of Master’s degree in Europe and International Relations at Turkish-German University

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