Army seeks fibre optic cables along CPEC

Army seeks fibre optic cables along CPEC

Army seeks fibre optic cables along CPEC ISLAMABAD: A top military official on Tuesday said some incoming and outbound internet traffic landed in India before being routed to its destinations, posing a security risk for Pakistan. “The network which brings internet traffic into Pakistan through submarine cables has been developed by a consortium that has Indian companies either as partners or shareholders, which is a serious security concern. We would like to propose a new alternative network system to be set up in Gwadar for the flow of internet traffic,” Director…

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Banks refuse to accept old-design US dollar

banks-refuse-to-accept-old-design-us-dollar

Banks refuse to accept old-design US dollar KARACHI: Millions of dollars stashed away in lockers by Pakistanis face the risk of devaluation as banks have stopped accepting old-design notes. Meanwhile, moneychangers are charging up to a 4 per cent fee to exchange the old-design bills. Pakistanis who do not know the difference between old- and new-design notes are going to be unsuspecting victims of devaluation and unacceptability of the dollars. Banks and moneychangers confirmed on Tuesday that the former are not accepting the old-design notes while the latter are charging a…

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Gen Raheel gets 90 acres for agriculture

Gen Raheel gets 90 acres for agriculture

Gen Raheel gets 90 acres for agriculture LAHORE: The allotment of 90 acres of prime land here to former army chief Gen Raheel Sharif sparks a lot of debate despite security establishment’s explanation that there was nothing out of the ordinary about it. The land in the Bedian Road area has been in focus since rumours first appeared about Gen Raheel being awarded the 90 acres. These were followed by news reports questioning the logic behind the grant of land. On Tuesday a security establishment official told Dawn there was nothing…

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SECP warns investors not to get in rat race

secp-warns-investors-not-to-get-in-rat-race

SECP warns investors not to get in rat race ISLAMABAD: As the stock market breached the 50,000 mark during intraday trade on Tuesday, Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi warned investors not to enter the ‘rat race’ following the advice of manipulators. Talking to the media at his office, Mr Hijazi said that as regulator, the SECP is not excited to see the market touch 50,000 points and has concerned about investors’ protection. “Usually people rush towards the market with investments after any such mark is achieved…

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Trump invites India’s Modi to US this year

trump-invites-indias-modi-to-us-this-year

Trump invites India’s Modi to US this year President Donald Trump will host Indian Prime Minister Narendra Modi in the United States later this year, the White House said after the pair spoke by phone on Tuesday. During the call, Trump emphasised that the United States “considers India a true friend and partner in addressing challenges around the world,” according to a readout of the call. “The two discussed opportunities to strengthen the partnership between the United States and India in broad areas such as the economy and defence. “President Trump…

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Sarfaraz will be appointed as ODI captain

Sarfaraz will be appointed as ODI captain

Sarfaraz will be appointed as ODI captain KARACHI: Pakistan’s senior batsman Azhar Ali is set to lose his ODI captaincy but will be appointed as captain of the Test team after the retirement of veteran Misbah-ul-Haq. Besides, chief selector Inzamam-ul-Haq has advised the PCB Chairman Shahryar Khan to appoint wicketkeeper Sarfraz Ahmed as the captain of the ODI team for the tour to the West Indies in March-April, sources in PCB said. “Inzamam has conveyed to PCB Chairman and other high officials about some radical changes needed in the national team…

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Bitcoin jumps above $1,000 for first time

Bitcoin jumps above $1,000 for first time

Bitcoin jumps above $1,000 for first time Digital currency bitcoin kicked off the new year by jumping above $1,000 for the first time in three years late on Sunday, having outperformed all central-bank-issued currencies with a 125 per cent climb in 2016. Bitcoin ─ a web-based “cryptocurrency” that has no central authority, relying instead on thousands of computers across the world that validate transactions and add new bitcoins to the system ─ jumped 2.5pc to $1,022 on the Europe-based Bitstamp exchange, its highest since December 2013. Though the digital currency has…

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