November 11th, 2008 by The Online Reporter
This newspaper cartoon describes the scene of Nawaz Sharif and Zardari’s meeting at dinner which was held in the honor of Nawaz Sharif from Asif Zardari in President’s House.
As usual Zardari asked Nawaz Sharif to support government and its policies but Nawaz denied and ask him to restore judges and change policies which were formed by Musharraf’s government.
Both Asif Ali Zardari and Nawaz Sharif are leaders of Pakistan’s two largest political parties it would be much batter if both get agrees on some polices and work together to put out Pakistan from current crisis.
November 10th, 2008 by The Online Reporter
Munaf kalia confessed to illegally transfer foreign currency for the last five years; more raids are expected from FIA to arrest more dollar smugglers. FIA got list of 32 people who smuggled 39 billion dollars to other countries. According to reports these money changers were transferring $10 million daily through “Havala” and “Hundi” system, which badly affected Pakistan’s forex reserves.
The sources said Munaf Kalia and Javed Khanani had confessed that they were asked by various locals to transfer their foreign currency to their relatives and friends living abroad. This smuggling of foreign currency has resulted in a massive downward slide in the country’s forex reserves, which have depleted from over $ 16 billion in Oct 2007 and now stand at below $ 7 billion, the sources said.
Lots of local politicians and big daddies of finance are expected to be disclose after Javed khanani and Munaf kalia’s statement. Now let’s see how agencies handle this important issue about currency fraud and punish real responsible.
November 9th, 2008 by The Online Reporter
Countrywide crackdown has been conducted against persons who were involved in illegal business of foreign currency transfer. FIA arrested some big daddies like Javed Khanani and Munaf Kalia of Khanani and Kalia International (KKI).
‘We have registered a case under Foreign Currency Regulation Act 1974 and Electronic Transaction Ordinance (ETO) against the accused’, FIA official claimed.
He said that it was only the start as more raids would be conducted in days to come to curb this illegal business which was harmful to country.
He said that accused were involved in sending huge amount of US dollars out of the country causing balance of payment problems in the country.
November 8th, 2008 by The Online Reporter
Law has been issued to severely punish anyone who commits any kind of cyber crime buy using computers and mobile devices. Any one who commits cyber terrorism which causes loss of human lives will be sentenced to death or life imprisonment.
The law, which is applicable to both Pakistani and foreign citizens living in the country or abroad, establishes other punishments for misdemeanors such as electronic fraud, forgery, damage to electronic systems or illegal access to computer networks.
November 7th, 2008 by The Online Reporter
Newly elected American president Barack Hussain Obama may consider foror president of America Bill Clinton as an Ambassador in Jammu and Kashmir.
Obama said he has sounded out Clinton, who has had first-hand experience dealing with the subcontinent. Clinton had played a role in ending Kargil crisis in Jammu and Kashmir in the summer of 1999.
