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August 2012

Khwaja Asif vs Imran Khan: investor speaks and answers key questions

The man at the centre of the PML-N vs Imran Khan controversy over Shaukat Khanum investments, Imtiaz Hydari has come out publicly and blasted Khwaja Asif and his party declaring that his company handling $1.8 billion in funds has already absorbed the drop in value of a sound investment decision taken by the board.

 

“My company, HBG has taken steps to absorb the impairment in value by granting increased shares to SKMT i.e. the reduced value of Sugarland shares will be compensated by higher percentage shareholding of SKMT in Sugarland BVI. This preserves and protects SKMT investment. Additionally, HBG has also provided an undertaking to assist SKMT’s exit from the investment with Capital Protected,” Hydari said in a response released to the media on Saturday.Read More »Khwaja Asif vs Imran Khan: investor speaks and answers key questions

Pak is a country in slow meltdown: Vanda

WASHINGTON: Pakistan is a country which is in a slow meltdown, an eminent American expert has told lawmakers, a development which she argued would be extraordinarily bad for the region and for the United States.

 

“It’s a country in a meltdown, or slow meltdown, if you would, like crumbling. And of course the consequences of a more fundamental crumbling in Pakistan beyond FATA but in Punjab would be extraordinarily bad for the region and for the United States,” said Vanda Felbab-Brown, a fellow in Foreign Policy Studies at the prestigious Brookings Institute yesterday.Read More »Pak is a country in slow meltdown: Vanda

Team Pakistan wins debating competition

MEXICO CITY: Three Pakistani students from Karachi and Lahore have won an international debating competition.

 

The fifteen year old students won the final of The Karl Popper Debating Championship (KPDC) which is one of the largest tournaments of its kind.

 

Team Pakistan beat students from South Korea and all three participants were listed amongst the top 10 speakers of the tournament.Read More »Team Pakistan wins debating competition

Islamabad: Local engineer develops device to run car on water

By Noor Aftab (THE NEWS)

A Khairpur-based mechanical engineer has made such a unique claim that is apparently too hard to ‘digest’ but he is confident that a device recently developed by him can help use water as a fuel to run motor vehicles.

 Mechanical Engineer Agha Waqar Ahmad Khan was quite confident when he appeared before senior officer of Pakistan Science Foundation (PSF) and senior engineers for demonstration of his claim.Read More »Islamabad: Local engineer develops device to run car on water