Tag Archives: scheme

New housing scheme Pakistan to be a hotbed of corruption | Instant News


Lahore:the Chairman of the Party Barabri Pakistan Jawad Ahmad called the Declaration of about RS 300,000 subsidies Prime Minister Imran Khan for the new housing scheme of Pakistan as a “crazy dream”.

In a statement issued on Tuesday, Jawad Saif new housing project, Pakistan will also turn out to be a hotbed of corruption as the project Ashiana Shahbaz Sharif remains incomplete, despite the full support of the political system and bureaucracy. In the past Prime Ministers, such as MIAN Nawaz Sharif and Benazir Bhutto, Muhammad Khan Junejo announced that the house was living in India after partition belonged to its owner, but the statement has not been implemented. He also said that the national economy was already in recession in the last twenty years, but the level of destruction in the last four months after xorona cannot be described in words. He argued that the government is mafia due to the increase in prices of petroleum products.

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Imran Khan launched a cash scheme for laid-off workers | Instant News


ISLAMABAD – Prime Minister Imran Khan on Monday officially launched the Ehsaas Emergency Cash program for those who lost their jobs due to coronavirus from the PM COVID-19 Relief Fund. More than three billion rupees so far have been collected in the Corona Relief Fund.

The prime minister visited the Ehsaas money distribution site established here at the Pakistan Sports Complex and witnessed the first wave of job loss / loss of livelihoods, which received Rs 12,000 in emergency aid each through the system.

On that occasion, he asked from different victims about the financial impact after the COVID-19 pandemic. A number of people were advised to inform him of their problems and expressed their gratitude to the prime minister for financial support through the cash program.

The prime minister said the government took a different decision to maintain sustainability in economic activity and had opened up various sectors.

Minister of Industry and Production Hammad Azhar, PM’s Special Assistant for Social Protection and Poverty Alleviation Dr Sania Nishtar and other senior officials also accompanied the prime minister.

More than Rs3b so far has been collected in the Corona Relief Fund

Dr Sania Nishtar told the prime minister about the whole process. He told the first recipient group that the country was going through difficult times and assured government support for vulnerable segments of society. He also emphasized on people to take precautions.

According to the breakdown, donations under the 19th COVID PM Fund are being used for Ehsaas Cash to beneficiaries of job loss / loss of decent livelihoods. Emergency Ehsaas Cash of Rs 12,000 is given to each individual. To date, as many as 3.4 million applications have been received through the Ehsaas Labor Portal since the prime minister launched it on May 2.

More than Rs 3 billion have been mobilized so far in the COVID-19 PM Fund and promises continue to be realized. The prime minister has committed that for every rupee donated by donors, four rupees will be made by the government.

For the sake of transparency, details of disbursement and withdrawal will be published.

Abdul Razzaq, the affected Bara Kahu driver, said that he was unemployed for more than two months and expressed his gratitude to the government for its financial support. Shahida, a woman tailor who was influenced by Rawalpindi, also expressed satisfaction with cash support and praised the prime minister for the initiative.

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FBI in LA Announces $ 300 Million Stolen Funds Returned to Malaysia – NBC Los Angeles | Instant News


The US Department of Justice announced Tuesday that it had returned to Malaysia $ 300 million in funds stolen from the Southeast Asian country’s investment development fund in a case that also involved luxury real estate and a luxury boutique hotel in Beverly Hills.

Combined with other funds that the DOJ previously returned to Malaysia in May, the United States has returned or assisted the country in recovering more than $ 600 million that was misused from 1MDB investment funds, according to the U.S. Prosecutor’s Office, which said recovery efforts were continuing.

In 2019, a federal judge in Los Angeles conducted an assessment that lost more than $ 700 million in assets acquired by Malaysian financier Low Taek Jho – commonly known as Jho Low – and his family in the United States, Britain and Switzerland.

Assets include high-end real estate in Beverly Hills, New York and London, a luxury boutique hotel in Beverly Hills, and tens of millions of dollars in business investment allegedly made with funds that can be traced to 1MDB funds stolen.

Low is the alleged theft leader of $ 4.5 billion from the fund, which was created in 2009 as a government-owned development company. The US has brought 30 lawsuits over foreclosures in search of $ 1.7 billion worth of real estate, investment, art and jewelry purchased by Low and his accomplices.

To date, prosecutors have recovered or assisted in the recovery of more than $ 1 billion in assets related to money laundering and bribery schemes, according to the DOJ. This is the largest recovery to date under the DOJ Asset Recovery Kleptocracy Asset and the largest civil confiscation ever
concluded by the department.

“The return of these stolen funds to Malaysians is the result of the tireless efforts of federal prosecutors and agents to prevent foreign kleptocrats and their colleagues from using the United States as a playground where they can enjoy the fruits of the wealth they stole,” US Attorney said Nick Hanna.

“The amount of money stolen from the people of Malaysia is very surprising, and we have been relentless in recovering assets that should always be used to their advantage,” he said.

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