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Economy

New Zealand grounds Boeing 737 MAX

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WELLINGTON: New Zealand’s aviation watchdog joined counterparts worldwide on Wednesday in banning Boeing 737 MAX aircraft from its airspace in the wake of a deadly plane crash in Ethiopia.
New Zealand’s Civil Aviation Authority (CAA) said it was imposing the temporary suspension after consultation with other regulators.
“The CAA’s assessment has taken into consideration the level of uncertainty regarding the cause of the recent Ethiopian Airlines accident plus its review of the aircraft design,” the CAA said in a statement.
The regulator said only one airline, Fiji Airways, flew the 737 MAX to New Zealand. Flag carrier Air New Zealand does not have any of the aircraft in its fleet. On Sunday, a new Ethiopian Airlines 737 MAX 8 went down minutes into a flight to Nairobi, killing all 157 people on board. The crash came after a Lion Air jet of the same model went down in Indonesia in October, claiming 189 lives.

 

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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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