India formally allows investment from Pak
Move designed to build goodwill
New Delhi—India on Wednesday overturned its ban on foreign investment from Pakistan in a move designed to build goodwill amid a renewed push for a peace settlement between the two neighbours.
“The government of India has reviewed the policy… and decided to permit a citizen of Pakistan or an entity incorporated in Pakistan to make investments in India,” said a statement from the Indian commerce ministry.
Asif: Imran lost donations gambling on real estate
Islamabad—PML-N leader Khawaja Asif said Wednesday that donations given in the form of Zakat and Sadqah to the Shaukhat Khanum Trust were sent abroad to be invested in various offshore real estate markets.
Asif claimed that Zakat funds given to the Shaukhat Khanum Hospital were used in the real estate market and other companies. Asif said there were several members of the Pakistan Tehreek-e-Insaaf (PTI) who were involved in this.
Govt believes in trichotomy of power
Islamabad—President Asif Ali Zardari on Wednesday said the government firmly believed in trichotomy of power which was well defined in the Constitution of the country. Talking to a delegation of Executive Committee of Supreme Court Bar Association, here at the Aiwan-e-Sadr, he said it was imperative for strength and stability of the system, that every institution of the state performed its functions in accordance with the constitutional limits.
He said in comparatively young democracies, some institutions may, at times, appear to be overstepping their constitutional limits but added that this was part of the evolutionary process.
Pak beats Argentina 2-0
London—Pakistan beat Argentina 2-0 in its second Pool A Olympics hockey match here on Wednesday.
The goal scorers from Pakistan were Muhammad Imran and Sohail Abbas.
Pakistan had played 1-1 with Spain in first Pool A match on Monday.
Greenshirt’s next Pool A match will be with Britain on Friday.