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Economy

Formula 1: Tobacco giants return quietly

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PARIS: Tobacco giants Philip Morris and British American Tobacco have formed partnerships with their scientific research subsidiaries and Formula 1 teams Ferrari and McLaren more than a decade after cigarette advertising was banned from the sport.

US giant Philip Morris International (PMI), whose Marlboro brand was long associated with Ferrari, re-entered the sport last October, branding Ferrari cars with “Mission Winnow” and a logo that hints at the white-on-red triangles of the old Marlboro packs. “Mission Winnow is aimed at illustrating our commitment to constant development. This initiative shines a light on the new Philip Morris and our partners and our commitment and common desire to develop for the best,” the group’s communications director Tommaso di Giovanni explained. Since the Japan Grand Prix in October the Ferrari cars, drivers’ helmets, and outfits have featured the Mission Winnow logo of three white arrows.

Since 2006, Formula 1’s ruling body FIA has been firmly opposed to any advertising or sponsoring of cigarettes or tobacco. But with teams struggling to meet their budget requirements, the allure of advertising revenue from so-called “Big Tobacco” is clear to see. McLaren cars are to feature advertising for “A Better Tomorrow”, a British American Tobacco (BAT) scientific research subsidiary linked to less controversial electronic cigarettes. BAT also said it would carefully study the varying rules in different countries which govern tobacco branding. “We still need to determine which brand activations to implement in which countries, but we will, of course, respect regulatory environments,” their spokesman said.



 
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Economy

Pakistan seeks greater partnership with WB: PM

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ISLAMABAD:  Imran Khan has told WB that Pakistan looked forward to greater partnership with World Bank (WB) in critical areas including eco-tourism, mountain, and religious tourism.

Talking to a delegation of World Bank headed by Vice President South Asia Hartwig Schafer in Islamabad today Imran Khan said that these sectors which have a huge potential towards the uplift of the poor and poverty alleviation. He highlighted various steps being taken by the government towards economic stability, poverty alleviation and improving ease of doing business in the country. The delegation comprised of Vice President Human Development Annete Dixon, Country Director Illangovan Patchamuthu, Operations Manager Melinda Good and Senior Country Manager IFC Nadeem Siddiqui. Special Assistant of Prime Minister on Political Affairs Naeem-ul-Haq, Secretary Finance Arif Ahmed Khan and others were also present in the meeting.

The delegation appreciated Prime Minister’s vision on the economic stability of the country, human development and addressing the issue of stunted growth due to malnutrition. It briefed the Prime Minister about various ongoing projects of the World Bank in various sectors including water supply, sewerage and waste management, transportation and connectivity, capacity building and ease of doing business in the country.  It also offered WB’s assistance in attracting foreign investments, analytics, sharing of expertise and technical knowledge in various sectors to help the Government translate its vision into reality. Welcoming the offer, the Prime Minister appreciated World Bank’s continued engagement with Pakistan and its support towards capacity building, infrastructure development and economic growth.

 

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Crime

District admin gets 50 Kanal state land vacated!

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1st Deputy Commissioner Peshawar Sports Fest

PESHAWAR: District administration vacated 50 Kanal state land during grand anti-encroachment operation in Mera Kachori, a suburban locality here today. 
On the directives of the Deputy Commissioner (DC) Peshawar Dr. Imran Hamid Sheikh, the Additional Deputy Commissioner (ADC) Shahid Ali Khan and Assistant Commissioner (AC), Sara Rehman directly monitored the operation and remained present on the occasion.
Town Municipal Officer (TMO) Town-IV, Waheedur Rehman, SHO Chamkani Police Station, Ahmadullah Khan, officials of Rescue 1122 and other department participated in the operation. A heavy contingent of police was deployed to avert any kind of unpleasant incident.
During the operation, the administration demolished over 70 illegal constructions and vacated 50 Kanal state lands. Meanwhile, the Deputy Commissioner (DC), Dr. Imran Hamid Sheikh has said that anti-encroachment operation would continue and similar action against encroachment mafia in other localities will also begin soon.

 

 

 

 

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Asia

Tokyo stocks open higher!

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Tokyo stocks gain on bargain-hunting

TOKYO: Stocks opened here higher today, tracking gains on Wall Street due to optimism over US-China trade talks, with investors closely eyeing the US Federal Reserve’s meeting later this week.
The Nikkei 225 index added 0.65 percent, or 139.64 points, to 21,590.49 in early trade, while the broader Topix index climbed 0.43 percent, or 6.82 points, to 1,609.45.

 

 

 

 

 

 

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