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World in Focus (Sep-Oct 2018)

World in Focus

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Sep 16: British Pakistani boxer Muhammad Ali made history when he became the first boxer with type-one diabetes to win a professional fight. He defeated Andrej Cepur.

Sep 16: Competing with 12,000 other contestants, a Pakistani student Zahra Hussain won an essay competition organized by the British Royal Commonwealth Society. She wrote on the topic ‘Hues of Red’.

It is to be noted here that the Queen’s Commonwealth Essay Competition is the world’s oldest schools’ international writing competition, managed by The Royal Commonwealth Society since 1883.

Sep 17: A two-day event titled “International Conference on Global Peace Amidst War and Conflict” was held in Islamabad. Chairman Joint Chiefs of Staff Committee (CJCSC) General Zubair Mahmood Hayat was the chief guest. The event was organized by the Center for Peace, Security and Development (CPSD).

Sep 17: During the visit of British Home Secretary Sajid Javid to Pakistan, the United Kingdom and Pakistan launched the ‘UK-Pakistan Justice and Accountability Partnership’ that would work towards repatriation of illicit finances, recovery of stolen assets and putting a check on money laundering. The new partnership would be headed by a special envoy.

Sep 17: PTI’s Ali Muhammad Khan took oath as minister of state for parliamentary affairs.

Sep 17: Second seed Babar Masih defeated unseeded Mohammad Asif Toba to win the third national ranking snooker championship.

Sep 18: Partially reversing income tax relaxations and reducing the development budget, Finance Minister Asad Umar presented a supplementary budget of the PTI government with a total fiscal adjustment equal to 2.1 percent of GDP (roughly Rs805 billion), including Rs183bn worth of revenue measures.

Sep 18: The National Fighters FC defeated Gizri Star FC to win the inaugural Aik Awam Unity Cup in Gizri, Karachi.

Sep 18: Pakistan Navy Chief Admiral Zafar Mahmood Abbasi attended the 23rd International Seapower Symposium-2018 (ISS) held, from 18 to 21 Sep, at US Naval War College Newport.

Sep 19: The Supreme Court (SC) directed to remove former finance minister Ishaq Dar from the chairmanship of the Board of Governors of the University of Health Sciences (UHS) Lahore.

Sep 19: The Hashoo Foundation and Gilgit-Baltistan Disaster Management Authority (GB-DMA) signed an MoU for the capacity building of the latter in different aspects of environment, climate-compatible development, and disaster risk reduction and disaster management in its development projects in the context of vulnerable groups in Pakistan.

Sep 19: Punjab and Denmark agreed upon joint initiatives for the awareness and cure of diabetes in Punjab.

Sep 19: Chief of the Army Staff Gen Qamar Javed Bajwa met the Chinese President Xi Jinping on a special invitation.

Sep 19: Ousted Prime Minister Nawaz Sharif, his daughter Maryam Nawaz and son-in-law retired captain Mohammad Safdar were released from Rawalpindi’s Adiala Jail and flown back to Lahore, after the Islamabad High Court suspended their sentences till a decision on their appeals in Panamagate case.

Global pharma companies dodging millions of dollar taxes in Pakistan: Oxfam

Sep 19: The UK-based charity Oxfam International (Oxford Committee for Famine Relief) in its latest report ‘Prescription for Poverty,’ said that the world’s biggest pharmaceutical companies enriched themselves by avoiding millions of dollars of taxes every year in Pakistan and other developing countries. The report found that these companies appeared to avoid an estimated $112 million in taxes every year in seven developing countries: Chile, Colombia, Ecuador, India, Pakistan, Peru and Thailand.

One multinational company alone allegedly avoided $1.7 million of taxes in Pakistan. It did not have access to data for the three other pharmaceutical giants. Almost a million children die of pneumonia every year – an estimated 91,000 of them in Pakistan. With the missing tax money, the seven developing countries studied by Oxfam could buy pneumonia vaccines for 8.9 million children.

If their governments invested the dodged tax revenue in healthcare, it could pay for 10 million girls to be vaccinated against pneumonia. The disease can cause cervical cancer, which is responsible for the death of one woman around the world every two minutes. Nearly 90 percent of these fatalities are women in developing countries, the report said.

Sep 20: Pakistan was once again elected as a member of board of governors of the International Atomic Energy Agency (IAEA) for the next two years.

About IAEA

1. The IAEA is an international organisation that seeks to promote the peaceful use of nuclear energy, and inhibit its use for any military purpose, including nuclear weapons.
2. It is headquartered in Vienna, Austria.
3. The IAEA reports to both the United Nations General Assembly and the Security Council.
4. IAEA’s board of governors consists of 35 out of agency’s 170 member countries.
5. Eleven (11) board members are elected to the IAEA’s board of governors every two years.
6. Pakistan is a founding member of the IAEA.
7. Pakistan has been elected 19 times to the board in the past.

Read More: World in Focus (June-July 2018)


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