Tag Archives: industrial

China Industrial Companies’ Profits Climb a Fourth Month

By Bloomberg News

Chinese industrial companies’ profits rose for a fourth month in December, adding to signs the country’s economic rebound is gaining momentum.

Net income increased 17.3 percent from a year earlier to 895 billion yuan ($144 billion), the National Bureau of Statistics said today in Beijing, after a 22.8 percent jump in November. Earnings for the full year gained 5.3 percent.

Industrial profits may rise by an average 30 percent this year as the world’s second-biggest economy recovers from a seven-quarter slowdown, businesses start restocking and export demand improves, Standard Chartered Plc forecasts. Expansion in gross domestic product may accelerate to 8.1 percent this year from 7.8 percent in 2012, according to the median of 44 analyst estimates in a Bloomberg News survey this month. …

Read more » Bloomberg
http://www.bloomberg.com/news/2013-01-27/china-industrial-companies-profits-climb-a-fourth-month.html

Chinese bank pulls out of Pakistan-Iran pipeline project

Industrial and Commercial Bank of China won’t help finance the natural gas pipeline to Pakistan, apparently because of U.S. sanctions on Iran.

By Paul Richter and Alex Rodriguez, Los Angeles Times

Reporting from Washington and Islamabad, Pakistan—

China’s largest bank has backed out of a deal to finance a proposed Iran-to-Pakistan gas pipeline that is opposed by the United States, a potential sign of the lengthening reach of U.S. economic sanctions on Iran.

Pakistani officials confirmed Wednesday that Industrial and Commercial Bank of China had withdrawn from plans to head a consortium that would finance the $1.6-billion Pakistani portion of the cross-border pipeline, apparently over concern that the bank could be excluded from the U.S. economy.

Continue reading Chinese bank pulls out of Pakistan-Iran pipeline project

‘Israel sells Pakistan military equipment’

The leading Israeli manufacturer of tankers, aircraft refuelers, fire fighting trucks, armored vehicles and special purpose trailers, Hatehof Ltd., reportedly provides Pakistan’s Air Force with military equipment under a clandestine contract.

Nearly a month ago, 11 aircraft refueling trucks departed Hatehof’s plant in the Tzippori industrial zone in Galilee region, situated 6 kilometers (3.7 miles) northwest of Nazareth, for the Port of Ashdod, located about 40 kilometers (24 miles) south of Tel Aviv, in the dead of the night.

The trucks were later boarded on a cargo ship in the Ashdod Port and dispatched to Turkey from where they were transported to Pakistan, according to a recent report aired on Israel’s Channel 2 television network.

The report comes as the Israeli firm has sent several convoys of aircraft refueling trucks to Pakistan in order to equip the Muslim states’ Air Force.

Under an agreement reached between Hatehof Ltd. and BMC — one of the largest commercial vehicle manufacturers in Turkey, truck chassis are sent to Israel to be converted into aircraft refueling trucks for Pakistan’s Air Force.

Courtesy: Press Tv

http://www.presstv.ir/detail/224293.html

Occupy Wall Street (OWS) movement

The Guys in the 1% Brought This On

By Barbara Ehrenreich

Excerpt;

…. So the “99% versus the 1%” theme is beginning to look like an acute class analysis after all, and it’s the guys in the 1% who made it so. Over the years, they have systematically hollowed out the space around them: destroying the industrial working class with the outsourcings and plant closures of the ’80s, turning on white collar managers in the downsizing wave of the ’90s, clearing large swathes of the middle class with the credit schemes of the ’00’s—the trick mortgages and till-death-do-we-part student loans.

In the ’60s we dreamed of uniting people of all races and collar colors into “one big working class.” But it took the billionaires to make it happen.

Read more » The Progressive

MQM moved Rs. 20 Billion to UK : Abid Sher Ali

Abid sher Ali showed documents on “off the Record with Kashif Abbasi” 13/10/2011 that MQM transfered Rs20 Billion to the UK stolen from the funds. He said he is going to register a case in NAB as soon as NAB Chairman is appointed and NAB start to function again.

He also accused MQM to provide accountability of Rs 3 trillion Musharraf gave to MQM during his period for the uplift and development of Karachi. This is a serious amount of money. No wonder the first two conditions MQM placed to the Government when the re-join are:

1- Implementation of Nazim system in Karachi and Hyderabad.

2- No Audit of the Funds given in the past. ….

Courtesy: ARY News Tv (Off The Record with Kashif Abbasi, 13th October 2011)

Via » Siasat.pkYouTube

Source → http://www.siasat.pk/forum/showthread.php?84020-MQM-moved-Rs.-20-Billion-to-UK-Abid-Ali-Sher

We demand representatives in Sindh assembly and federal assembly of Pakistan to break their criminal silence and take all measures necessary in addressing this clear and present danger before a greater tragedy hit ill-fated and already weak Pakistan.

Press release: Sindhi Association of North America (SANA) is extremely concerned about deteriorating law and order situation in Sindh. We are also alarmed at recent public announcement made by ex-home minister Dr Zulfiqar Mirza.

The allegations made by ex-interior minister are very serious indeed and caused great discomfort among people of Sindh and Pakistan. There are two main issues:

1) MQM’s direct involvement in violent activities that include target killings, systematic destruction of public and private property, ethnic cleansing, amassing illegal arms and ammunition, persistent disruption of peace and economic activity of financial and industrial center of Pakistan that has resulted in billions of Rupees of loses.

Even though Chief Justice Supreme court of Pakistan has taken suo-moto action and asked government and other parties to present facts and figures before the court, we believe this is a step in right direction. However keeping in view the serious nature of crimes we demand a complete judicial enquiry to be headed by highly respected retired judge of supreme court of Pakistan.

We also demand to put MQM on the list of banned and terrorist organizations if the charges leveled against them are proved to be right.

2) Governing province of Sindh through federal interior minister and governor Sindh who belongs to same organization that is believed to be involved in crimes against humanity. This is against the democratic core values and aspirations of millions people of Sindh. We believe federal government is grossly undermining government and parliament of Sindh, therefore treating people of Sindh at sub-par level when compared to others provinces of Pakistan i.e., Punjab, Khyber Pakhtoonkhuwa and Baluchistan, where respective Chief ministers and provincial parliaments are working independently and rightly so. Therefore we demand President and Prime Minister of Pakistan to give due respect to people of Sindh and leave the governance to Chief Minister and parliament of Sindh.

We also demand representatives in Sindh assembly and national assembly of Pakistan to break their criminal silence and take all measures necessary in addressing this clear and present danger before a greater tragedy hit ill-fated and already weak Pakistan.

We believe upholding rule of law is a fundamental part of democratic process, failure to bring to justice the violators will only strengthen extremism and further weaken already fragile democracy in Pakistan.

To read more details in Sindhi → http://www.awamiawaz.com/2011/September/4th/news/20.htm

Properties of Altaf Hussain in UK – by Roger Harding for The Asian Journal

– For years the founder of leader of Pakistan’s Muttahida Qaumi Movement (MQM) has spoken about financial misappropriation and irregularities of the country’s feudal and industrial rulers through alleged or real misuse of power.

But British Land Registry records now revealed that Altaf Hussain, the charismatic middle class leader of Pakistan’s third largest political party could not curb the temptation of acquiring a series of expensive and middle class properties in the British capital – one of the most expensive cities in the world.

Read more → WICHAAR.COM → PKPOLITICS

China’s riot town: ‘No one else is listening’

By Eunice Yoon, CNN

The authorities here are obviously nervous. My crew and I are sitting in a local government building being questioned by six propaganda officials.

One of them is scribbling down our credentials in a worn pocket-sized notebook. My producer, Steven Jiang, is talking non-stop to one officer who looks especially nonplussed.

We traveled to the manufacturing town of Xintang to investigate why thousands of migrant workers suddenly took to the streets just a week ago.

We knew the unrest was triggered by what appeared to be a minor event — a pregnant migrant worker and her husband got in a scuffle with city officials and she ended up falling on the ground.

However, the ferocity by which this dispute exploded in a massive conflagration, pitting thousands of enraged workers against hundreds of riot police, took many by surprise.

The unrest seems to belie the image of China as a bustling economy going from strength to strength, enriching the lives of millions across the country, especially in the industrial south. But the problem is many people feel they are not getting their fair share of the rapid growth. …

Read more: → CNN

In India, the courts are acting on the problem of the pollution in Sindhu river, it would be better if the clowns in the Pakistani courts would do something real to save the river Sindh from pollution instead of playing petty power grab games.

PIL to save River Sindh: HC appoints commissioner

Srinagar: Jammu and Kashmir High Court here on Wednesday appointed a commissioner to ascertain allegations levelled in a Public Interest Litigation (PIL) that illegal constructions have come up along the banks of River Sindh.

An official said that Justice Hakim Imtiyaz Hussain and Justice Hasnain Massodi appointed Registrar Judicial, Kaneez Fatima, as commissioner and directed her to inspect along with Tehsildar Kangan the site and submit report within two weeks.

The PIL was submitted by advocate Qazi Rashid Shamas. The petitioner alleges that structures were being built on the river bed at three places— Mamar, Murgund and Knagan in violation of various statutes.

“In the process water is getting polluted and if immediate steps for retrieving river from encroachments and removing illegal constructions are not undertaken, the river environment and the surrounding ecology faces threats and hazards,” reads the PIL.

Continue reading In India, the courts are acting on the problem of the pollution in Sindhu river, it would be better if the clowns in the Pakistani courts would do something real to save the river Sindh from pollution instead of playing petty power grab games.

SINDH NEEDS INDUSTRIAL DEVELOPMENT

by Dr Ali Akbar Dhakan, Karachi, Sindh

All the macro economic objectives can be obtained through the development of industries both small and large scale because they provide employment facilities, increase supply of goods, boost up exports, control inflation and price hike, reduce poverty and provide chances of prosperity through improvement of purchasing power of the common people .The problem of unemployment in Sindh particularly in Rural areas is due to lack of focus and attention to be given to the development of this sector.

Continue reading SINDH NEEDS INDUSTRIAL DEVELOPMENT

Many in Pakistan Fear Unrest at Home

By JANE PERLEZ

ISLAMABAD, Pakistan — Protests over crippling prices and corrupt leadership are sweeping much of the Islamic world, but here in Pakistan this week, the government blithely dismissed any threat to its longevity or to the country’s stability.

Prime Minister Yousaf Raza Gilani insisted that Pakistan was not Egypt or Tunisia. “Our institutions are working and democracy is functional,” he said. The economy, while under pressure, is not in crisis.

But while Mr. Gilani appeared unruffled, diplomats, analysts and other Pakistani officials admitted to unease, and conceded that Pakistan contained many of the same ingredients for revolt found in the Middle East — and then some: an economy hollowed out by bad management and official corruption; rising Islamic religious fervor; and a poisonous resentment of the United States, Pakistan’s biggest financial supporter.

If no one expects Pakistan to be swept by revolution this week, the big question on many minds is how, and when, a critical mass of despair among this nation’s 180 million people and the unifying Islamist ideology might be converted into collective action.

Some diplomats and analysts compare the combustible mixture of religious ideology and economic frustration, overlaid with the distaste for America, to Iran in 1979. Only one thing is missing: a leader.

“What’s lacking is a person or institution to link the economic aspirations of the lower class with the psychological frustration of the committed Islamists,” a Western diplomat said this week. “Our assessment is: this is like Tehran, 1979.”

Mr. Gilani is right in that Pakistan held fairly free elections three years ago, when the democratically based Pakistan Peoples Party, led by President Asif Ali Zardari, won.

But the return to civilian government after a decade of military rule has meant little to the people because politicians have done nothing for voters, said Farrukh Saleem, a risk analyst and columnist in The News, a daily newspaper.

As it has been for all of Pakistan’s more than 60 years of history, Parliament today remains dominated by the families of a favored few, who use their perch to maintain a corrupt patronage system and to protect their own interests as Pakistan’s landed and industrial class. The government takes in little in taxes, and as a result provides little in the way of services to its people.

“Ninety-nine percent of Pakistanis are not affected by the state — it doesn’t deliver anything for them,” Mr. Saleem said. “People are looking for alternatives. So were the Iranians in 1979.”

There is little question that the images from Egypt and Tunisia are reverberating through Pakistani society, and encouraging workers to speak up and vent frustration in ways that were unusual even three months ago.

“There’s no electricity, no gas, no clean water,” said Ali Ahmad, a hotel worker in Lahore who is usually a model of discretion. “I think if things stay the same, people will come out and destroy everything.”

When a young banker in a prestigious job at a foreign bank was asked if Pakistan could go the way of Egypt, he replied, “I hope so.”

At the core of Pakistan’s problem are the wretched economic conditions of day-to-day life for most of the people whose lives are gouged by inflation, fuel shortages and scarcity of work.

They see the rich getting richer, including “the sons of rich, corrupt politicians and their compatriots openly buying Rolls-Royces with their black American Express cards,” said Jahangir Tareen, a reformist politician and successful agricultural businessman.

Food inflation totaled 64 percent in the last three years, according to Sakib Sherani, who resigned recently as the principal economic adviser at the Finance Ministry. The purchasing power of the average wage earner has declined by 20 percent since 2008, he said.

Families are taking children out of school because they cannot afford both fees and food. Others choose between medicine and dinner.

A middle-class customer in a pharmacy in Rawalpindi, the city where the powerful army has its headquarters, told the pharmacist last week to sell him only two pills of a course of 10 antibiotics because he did not have enough money for groceries. …

Read more : The New York Times

Possibility of “revolution” in Pakistan?

Ripe for revolution? – By Mahreen Khan

…. Despite a wave of public protests, Egypt is unlikely to emulate Tunisia, due to factors also present in Pakistan. Egypt has a sharp religious divide between Coptics and Muslims as well as numerous Islamic groups pitted against each other. Arab analysts cite low levels of literacy and a general feeling of apathy and defeatism in the population as further reasons that Egypt will continue to fester rather than revolt. Pakistan has these and additional factors which militate against a revolution: deep and multiple ethnic, linguistic, tribal and sectarian fault lines; a paucity of alternative intellectual narratives, radical leaders or strong unions; and an elected government and freedom of speech. Ironically, democratic elections and free speech help perpetuate the corrupt, unjust stranglehold of the feudal-industrial power elite. Revolutionary forces require a moral impetus that illegitimate dictatorship provides but elected government does not. Secondly, frustration needs to simmer under a repressive regime until it reaches the temperature for mass revolt. Pakistan’s free media allows an outlet for public dissatisfaction. The often harsh treatment of politicians and police officials at the hands of journalists and judges ameliorates public anger. Vocal opposition parties, unhindered street protests and strikes allow a regular release of fury, draining the momentum necessary for the emotional surge that revolutionary zeal requires. …

Read more : The Express Tribune

Meray Dil Meray Musafir!

Laal: Meray Dil Meray Musafir, Poet: Faiz Ahmed Faiz, Composition / Arrangment: Taimur Rahman, Mixing / Mastering: Jamal Rahman, Direction: Taimur Rahman and Mahvash Waqar, Acting: Comrade Irfan, Raheela, Natasha, Tehseen, Touseef.

Laal presents “Meray Dil, Meray Musafir” dedicated to the Birth Centenary of Faiz Ahmed Faiz. The music video is a new interpretation of Faiz’s iconic poem “Dil e Man, Musafir e Man”. While Faiz wrote this poem about exile, this video explores Marx’s concept of alienation within the context of modern industrial capitalism.

None of the individuals within the video are actors. Comrade Irfan plays his and his family’s shared experiences. In fact, every single role has been played by individuals who actually live these lives. The video was shot in the industrial areas of Lahore (Greentown, Multan Road, Defence Road, Ilaqa Nawab Sahib). Laal’s music is about real people and real struggles.

You Tube Link