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World in Focus (May-June 2018)

World in Focus (May-June 2018)

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May 16: Husain Lawai was elected as the chairman of Pakistan Stock Exchange Limited (PSX).

May 16: The Exchange of Data Information (EDI) between Pakistan and China operationalized. Under the EDI, tax authorities of both countries would share imports and exports data through connected electronic software.

May 16: Salman Badeni, the Balochistan chief of proscribed Lashkar-e-Jhangvi, was killed during an intelligence-based operation in the Killi Almas area of Balochistan.

Orange Line Metro Train

On May 16, Punjab Chief Minister Shahbaz Sharif inaugurated and completed a trial run of the Orange Line Metro Train (OLMT), the country’s first rapid mass transit rail project.

About the OLMT

1. The estimated cost of the project is around $1.65 billion while the provincial government earmarked Rs93 billion – the largest amount ever allocated to a single project – in the last budget.
2. It is the only project in the transport /mass transit sector funded by China under the China-Pakistan Economic Corridor (CPEC) so far.
3. It is being completed as a joint venture of the China Railways and Norinco, in association with the Lahore Development Authority.
4. Initially, the project will facilitate 0.25 million people daily, whereas by 2025, it is expected to facilitate 0.5m people every day.
5. Under the project, 27 trains — with five bogies each — will travel across the track in 45 minutes.
6. The OLMT route begins at Ali Town and ends at the Dera Gujran/Ring Road Interchange, with 26 stations – 24 Elevated and 2 Cut & Cover stations – on the route.
7. Total length of the route is 27.1 Km (Cut & Cover section: 1.72 Km; Elevated: 25.4)

May 18: The National Assembly approved a Rs5.247 trillion budget for the year 2018-19 as well as the Finance Bill-2018.

May 18: Acting President Sadiq Sanjrani conferred the Nishan-i-Imtiaz (Military) on the visiting vice chairman of the Chinese Central Military Commission, Gen Zhang Youxia.

May 19: The Kohat Police appointed Zobia Musarrat the first lady Muharrar of Khyber Pakhtunkhwa (KP).

May 20: Karachi’s Archbishop Joseph Coutts was named among the fourteen new cardinals Pope Francis elevated.

He will be the second Pakistani archbishop to be honoured after Cardinal Joseph Cordeiro, who got this position in 1994.

May 21: A project for establishing the first National Centre for Cyber Security was inaugurated by Interior Minister Ahsan Iqbal at the Air University, Islamabad.

May 21: Pakistan defeated India in the final of the 2nd Kathmandu International Taekwondo Championship when Alamgir Ali of the Pakistan Army defeated his opponent in the final, to win the gold medal.

May 21: One of the oldest living Pakistan Olympian Raja Mohammad Fazil breathed his last. He was 92.
May 21: The Gilgit-Baltistan (GB) government promulgated the Gilgit-Baltistan Order 2018, which provides devolution of administrative authority and financial powers to the area.

A detailed article on the issue is included in this issue of JWT.

May 24: The National Assembly passed a constitutional amendment seeking the much-awaited merger of FATA with Khyber Pakhtunkhwa with a 229-1 vote.

Dawar Kundi, a PTI dissident, was the only dissenting vote.

May 24: Pakistan and China agreed to extend the currency swap agreement for another three years, and double its size.

May 25: The Fata merger bill sailed through the Senate.

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