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PN ship reaches Russia on goodwill visit

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Pakistan Navy ship seizes narcotics worth $15 m at North Arabian Sea

ISLAMABAD, Dec 8 (APP): Pakistan Navy Ship ALAMGIR is on an Overseas Deployment to Russia and arrived Russian Black Sea Port of
Novorossiysk for a goodwill visit.

According to Pakistan Navy here on Thursday, the ship was greeted by a Russian Coast Guard Ship while approaching Novorossiysk Port.

The ship was given warm welcome by Russian Federation Navy and
city administration officials on its arrival.

The ship was received by Deputy Commander Novorossiysk Naval
Base and Defence Attache (Pakistan) at Moscow.

A traditional welcome ceremony was organized in the port area
on this occasion wherein ceremonial guard from Russian Federation
Navy participated and military band played various tunes.

Deputy Chief of Naval Staff (Personnel), Rear Admiral Muhammad
Fayyaz Gilani represented Pakistan Navy on this occasion.

Representatives of local media also witnessed the ceremony and
interacted with the Admiral and Commanding Officer at the end of
ceremony.

Pakistan Navy Ship ALAMGIR will also participate in a bilateral Naval Exercise with Russian Federation Navy Ships on completion of the port visit.

Besides prosperity, CPEC also to help integrate ethnic nationalist parties into mainstream: Experts

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WASHINGTON, Dec 8 (APP): The multi-billion dollar China Pakistan
Economic Corridor is not only creating positive vibes throughout the country with more infrastructure development and job opportunities, it is also helping various ethnic nationalist parties to get into the national mainstream.

At a discussion, hosted by the US Institute of Peace in Washington,
panelist and experts analyzed the impact of over $50 billion China-funded project that envisages scores of infrastructure projects, including roads, bridges, rail lines, power stations, and the deep-see Gwadar Port, the USIP website said its report on the event.

Last month, a convoy of truck carrying goods was unloaded and loaded onto ships for their onward journey to international destination, marking the official opening of the Gwadar Port, which has been built with the Chinese assistance.

The scale of the mammoth project, the biggest in the country’s
history, will change Pakistan in many ways, including the easing of its internal conflicts that mostly involved smaller regional ethnic nationalist groups, the experts said.

Hussain Nadeem, a Pakistan expert at USIP, said that infrastructure
development, which includes upgraded highways, rail lines and new power plants, is creating new positive confidence in the country’s security and foreign policy establishment.

While there had been a few conflicts over local opportunities created by CPEC projects, overall, the corridor has helped to reduce tensions among fractious regions and political parties. The project has further strengthened already strong ties with the country’s all-weather friend China, and has fostered a broader internationalist outlook.

Even ethnic nationalist parties are very keen on partnering with China
and benefitting from the influx of Chinese capital that can boost job opportunities, increase electricity production and improve livelihood, said Arif Rafiq, a fellow at the Center for Global Policy and president of Vizier Consulting.

For China, the corridor provides multiple objectives, said Zhao Hai, a
research fellow with the National Strategy Institute at China’s Tsinghua University, putting the need to deploy excess capacity as the most immediate need. The added capacity had been built up with China by stimulus spending during the financial crisis of 2008, he added.

Most of the financing on construction has been provided at very low rates by Chinese state banks, provided to the Chinese companies.

These companies are using some Pakistani subcontractors and are buying steel, concrete and other construction material locally, thereby giving boost to construction industry and auxiliary sectors.

China’s central government also hopes that the CPEC will revitalize the economy of the Xinjiang province and will contribute to addressing concerns of the Uighur population. Xinjiang is the starting point of the project.

Experts, however, believe that the project is unlikely to reduce China’s and Pakistan’s tensions with India in terms of regional trade.

India is proposing its own transportation corridors to link with the Central Asia, Europe and East Asia. Zhao said that theoretically the Indian and Chinese projects could be linked, but mutual distrust prevents such cooperation.

No safe place left’ for children in war-ravaged Aleppo — UNICEF official

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UNITED NATIONS, Dec 8 (APP): Returning from a mission to the battered Syrian city of Aleppo, a senior United Nations Children’s Agency (UNICEF) official described “haunting images” of children killed by mortars and malnourishment, and said that the terrible situation “continues to plummet to even greater lows.”

“When I was there, nearly 100 mortars fell on west Aleppo in a couple of days […] explosions lit up the night sky and the sounds of war reverberated across the city,” said Hannah Singer, the UNICEF Syria Representative, in a statement Thursday.

“Even by Syrian standards, the recent bombardment and shelling have been the most intense in Aleppo,” she added.

She further said that some 31,500 people have been displaced from
eastern Aleppo in recent days and that based on latest estimates, at least half of them seem to be children.

Painting a grave picture of the scene in eastern Aleppo’s Hanano, a
neighbourhood that was retaken by Government forces on 27 November, Singer said: “The destruction was massive.

Unexploded ordnance scattered everywhere. Apartments were gutted, hospitals nearly destroyed and schools completely damaged except for two that could be rehabilitated.”

Noting that, so far this year there had been 84 attacks on schools in
Syria with at least 69 children killed and many others injured while at school, Singer underscored: “Even going to school can be a matter of life or death.”

“And I will be forever haunted by the images of the bodies of the two
beautiful girls, Hanadi and Lamar, who left for school one morning with pink ribbons in their hair.

They never made it. Shrapnel from a mortar hit them on the way and they were killed. Hanadi’s hand still grasped the remains of a chocolate bar,” she added.

Singer added that while the world’s attention is on Aleppo, eastern
Aleppo is only one 16 besieged areas in the country, where an estimated half a million children remain trapped amid worsening conditions.

“Besiegement “a tactic of war from the Middle Ages ” has been used by all sides. Where armed forces surround an area and try to starve the other into submission, whilst restricting the movement of persons, including the sick and wounded,” she noted.

She further noted extreme lack of food and medical services that are
taking a toll on children with cases of extreme malnutrition resulting in deaths of children.

Singer emphasized that for the situation to improve and humanitarian
plight to be alleviated, the fighting must stop.

She said that while UNICEF has been distributing winter clothes,
supplying water and fuel, and providing nutrition supplements immunizations, psychosocial support and mine-risk education.

Calling on all parties to the conflict to stop employing sieges,
attacking civilians, schools and hospitals as well as to stop recruiting and using children in armed forces, she stressed that until that happened, efforts of humanitarian workers and agencies will not amount to much.

“We can make a difference but it’s never enough. Let’s be clear, as long as the violence continues, children in Syria will suffer,” she said.

PIA to bear funeral charges of crash victims

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PIA assures public of uninterrupted operations despite salary payment concerns

ISLAMABAD, Dec 8 (APP): Pakistan International Airline, Thursday announced to bear the funeral charges of the victims of the crash of flight PK-661.

According to the PIA Spokesman, “On the directions of Chairman
and CEO PIA, an amount of Rs. 500,000 cash is being given to the next of kin of all the 47 persons who lost their lives in the tragic ATR
crash to meet funeral expenses”.

District managers have been directed to personally visit the
residences of the deceased and hand over the amount to next of kin
of each victim in cash.

This will be followed by a comprehensive compensation package
as per the law, he added.

Govt to facilitate shifting of victims bodies to native towns: Tariq Ch

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ISLAMABAD, Dec 8 (APP): Minister for Capital Administration and
Development Division Dr Tariq Fazal Chaudhry, Thursday said the
federal government will provide transport facility for shifting of
bodies of PIA plane crash victims to their native towns.

Talking to media at Pakistan Institute of Medical Sciences (PIMS),
the minister said a well-equipped facilitation center has been established at PIMS to facilitate the family members of victims.

The minister said the prime minister has directed to fully
facilitate the family members of victims of PIA plane crash.

He requested the family members to cooperate with the relevant staff in completion of identification process of dead bodies through DNA.

He said the officials concerned will prepare record of dead bodies
at time of arrival through helicopter at the federal capital then further
coordination will be done at PIMS. He said the prime minister had directed to shift all bodies through helicopter.

He said that the process of identification of bodies through DNA will
take six to eight days. He assured that the government will ensure errorless and complete identification of bodies.

He said the available samples will be matched through DNA while
further samples will be collected for DNA identification of all bodies at PIMS.

He said the people may get any relevant information from PIMS
facilitation center on telephone number 051-9260340.

Earthquake jolts Malakand, Chitral

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Earthquake jolts Malakand, Chitral

ISLAMABAD, Dec 8 (APP): An earthquake of mild intensity
jolted Malakand , Chitral and adjoining areas on Thursday
morning.

According to Private News channel, tremours measuring 5.3 on
Richter scale were felt in Malakand, Chitra.

People of the areas where the quake was felt rushed out of
their homes in panic reciting verses from Holy Quran.

However, no causalty of property loss was reported from
anywhere.

Foreign Currency Account Scheme

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Rupee gains 04 paisas against US Dollar in interbank

KARACHI, Dec 8 (APP): The Foreign Exchange Rates
Committee of Financial Markets Association of Pakistan issued the
following Base Rate, here on Thursday.

BBA BID MAXIMUM RATES
RATES WITH FOR PAYMENT OF
VALUE DATE INTEREST BY
AUTHORISED DEALERS
R A T E S

U.S. DOLLARS VALUE 08-12-16

For 3 months and over but less than 6 months 0.7008% PA 1.4508% PA
For 6 months and over but less than 12 Months 1.0432% PA 1.7932% PA
For 12 months 1.3957% PA 2.2707% PA
For 2 Years 1.3957% PA 2.7707% PA
For 3 Years 1.3957% PA 3.0207% PA
For 4 years 1.3957% PA 3.2707% PA
For 5 years 1.3957% PA 3.3957% PA

POUND STERLING VALUE 08-12-16

For 3 months and over but less than                                              6  Months 0.1323% PA 0.8823% PA
For 6 months and over but less than
12 months 0.2939% PA 1.0439% PA
For 12 Months 0.5391% PA 1.4141% PA
For 2 Years 0.5391% PA 1.9141% PA
For 3 Years 0.5391% PA 2.1641% PA
For 4 years 0.5391% PA 2.4141% PA
For 5 years 0.5391% PA 2.5391% PA

EURO VALUE 08-12-16

For 3 months and over but less than
6 months 0.0871% PA 0.8371% PA
For 6 months and over but less than
12 months -0.0256% PA 0.7244% PA
For 12 Months -0.1660% PA 0.7090% PA
For 2 Years -0.1660% PA 1.2090% PA
For 3 Years -0.1660% PA 1.4590% PA
For 4 years -0.1660% PA 1.7090% PA
For 5 years -0.1660% PA 1.8340% PA

JAPANESE YEN VALUE 08-12-16

For 3 months and over but less than
6 months -0.1923% PA 0.5577% PA
For 6 months and over but less than
12 months -0.2400% PA 0.5100% PA
For 12 Months -0.1429% PA 0.7321% PA
For 2 Years -0.1429% PA 1.2321% PA
For 3 Years -0.1429% PA 1.4821% PA
For 4 Years -0.1429% PA 1.7321% PA
For 5 years -0.1429% PA 1.8571% PA

India has waged undeclared war against Kashmiris’:Mirwaiz Umar Farooq

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Gilani, Mirwaiz pay tributes to martyred youth

ISLAMABAD, Dec 8 (APP): Hurriyet forum led by Mirwaiz Umar
Farooq has strongly denounced the reign of terror and arrest spree
unleashed by Indian police and troops against the Kashmiri youth.

The forum spokesman in a statement issued in Srinagar said
that India had waged an undeclared war against the people of the
territory, Kashmir Media Servive (KMS) reported.

He said that rights of the people were being trampled under
the jackboots of the police and other forces. The forces’
personnel have hardly spared any house in Kashmir where inmates
have not been intimidated, tortured or bullied by them, he said.

The spokesman paid tributes to the Kashmiri people
especially the youth for their unflinching quest for freedom
despite facing the worst kind of Indian state terrorism.

He deplored the plight of the illegally detained Kashmiris
lodged in different jails. “There are no proper heating
arrangements for the prisoners to deal with the biting cold.

The jail manuals are repeatedly violated by the jail authorities.

The prisoners including Hurriyet leaders and a large number of youth
are being denied even basic facilities in the jails,” he said.

The spokesman condemned the continued house arrest of
Mirwaiz Umar Farooq and other resistance leaders including Syed
Ali Gilani and Shahid-ul-Islam. He maintained that despite India’s
brutal tactics, the people of Kashmir would continue their
struggle to secure their right to self-determination.

Meanwhile, the spokesman of Jamiat Ahl-e-Hadith in a
statement in Srinagar also expressed serious concern over the
continued illegal detention of innocent people including students.

He said that many of the inmates had developed various
ailments during the detention. He demanded immediate release of
the detainees.

Currency rates of NBP

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Rupee gains 43 paisa against dollar

KARACHI, Dec 8 (APP): Following are the selling/buying rates
of major currencies issued by the National Bank of Pakistan
(NBP), here on Thursday.

U.S.A 105.70/
103.19

S.ARABIA 28.04/
26.39

U.K  133.68/
130.51

JAPAN 0.9329/
0.9103

EURO  113.88/
111.18

U.A.E 28.78/
26.38

EXCHANGE RATES FOR CURRENCY NOTES

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SELLING BUYING U.S.A 105.70 103.19
S.ARABIA 28.04 26.39
U.K 133.68 130.51
JAPAN 0.9329 0.9103
EURO 113.88 111.18
U.A.E 28.78 26.38

LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR
BONDS LIBOR VALUE 6 Mths US Dollar 1.2910 08-12-2016
INTEREST RATES ON OLD & INCREMENTAL F.C.Y DEPOSITS
Rate % p.a.
USD 0.1000
GBP 0.1000
1PY 0.0000

BILL BUYING RATES PER UNIT OF CURRENCY 30 DAYS 60 DAYS 90 DAYS 120 DAYS 150 DAYS 180 DAYS

USD L/C 103.97 103.46 102.92 102.72 102.28 101.15                GBP L/C 131.47 130.89 130.29 129.88 129.33 128.43                EUR L/C 112.07 111.63 111.20 110.64 110.18 109.84