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Economy

PMYA to luanch Kamyab Jawan Program

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Budget proposals to ministries have been submitted by SMEDA

ISLAMABAD: Prime Minister’s Youth Affairs has planned to develop a “Kamyab Jawan Program”  in collaboration with the Small and Medium Enterprises Development Authority (SMEDA).

The program is meant to create 1 million job opportunities through the SME sector which would economically empower youth. An official said that in this program SMEDA will find the topmost business ventures in the local and international market.
SMEDA will also educate and facilitate the youth to provide training in the development cycle, he informed. He further said that vocational and technical training will be given under SMEDA.
He said that PM’s Youth Affairs would extend its maximum support for improving technical and vocational training to youth. PM’s youth Affairs will extend its facilities for maximum youth for creating more employment opportunities in market place, he remarked.

 

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Economy

French Police arrest 100 Yellow Vest demonstrators

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PARIS: French police said they arrested more than 100 “yellow vest” demonstrators today in Paris as thousands of protestors took to the streets for the 23rd week of anti-government marches.

Scuffles between police and protesters in the afternoon, after hours of calm, as police used anti-riot grenades and tear gas to disperse marchers in the center of the French capital. Police headquarters reported 126 arrests and 11,000 checks on individual protesters. Paris seemed to bear the brunt of Saturday’s protests, but other French cities were also expecting demonstrations.

Earlier this month, French President Emmanuel Macron signed into law legislation that gave security forces greater powers at demonstrations but which opponents claimed violated civil liberties. One measure banned protestors from covering their faces, but France’s Constitutional Council, its highest constitutional authority, refused to give its green light to one of the most contentious parts of the legislation. 

It would also have given the authorities the power to ban from demonstrations any individual “posing a particularly serious threat to public order”. The “yellow vest” movement is demanding changes to the government’s social and fiscal policies.

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Asia

BMW to recall over 360K vehicles in China

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BEIJING: BMW will recall 360,001 vehicles in China to replace defective airbags, according to a State Administration for Market Regulation statement.
The recall, set to begin on Aug. 30, involves 272,880 vehicles produced by BMW Brilliance Automotive Ltd. between Jan. 2, 2014 and Oct. 16, 2017, and 87,121 imported models manufactured between 5th April 2000, and 21st Feb. 2018.
A defect could cause the airbags to eject debris at passengers if deployed.
The defective airbags were made by now-defunct Japanese supplier Takata. Founded in 1933, Takata went out of business in 2017 because of the airbag crisis. BMW will replace the defective airbags free of charge.

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Economy

Govt. to assist rain-affected farmers

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ISLAMABAD: Government has promised to take all administrative and relief measures to help farmers hit by rain-related incidents, as a special relief package will soon be announced for the farmers whose crops were damaged in rains.
Minister for National Food and Security Sahibzada Mehboob Sultan expressed concern over the problems faced by farmers due to abnormal weather conditions.
He said the government would take all possible measures to facilitate the people related to farming so as to benefit from the potential of this sector.
The government has been successful in bringing about awareness amongst farmers through new initiatives taken for the development of the agriculture sector in the country, he added.
Minister said the PTI led government was doing its best to estimate the damages to the crops as well as human losses in the rains at the earliest.
He said the damage caused to standing crops due to heavy rains is moderate and there is no likelihood of food insecurity or emergency situation thereof.
The met department has been directed to remain vigilant and maintain liaison with provincial agriculture departments for the timely weather forecast, he mentioned.

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