Looted Pakistan shocks $ 5 billion fine
There is another setback to Pakistan facing a huge cash crisis. An international arbitration court has imposed a fine of $ 5 billion 97 million on that. This fine is $ 4.08 billion in damages and $ 1.87 billion is included in the interest. This penalty has been imposed on Pakistan for Reco Dick Project. The court has imposed this penalty on Pakistan for rejecting a mining lease illegally.
Chethy's mining company and the company of Canada Barrick Gold Corporation, the company Tethyan Copper, filed a claim in the International Mediation Court. A decision on the petition filed before the World Bank's International Center for Settlement of Investment Disputes in 2012 has come. The government of Balochistan province of Pakistan rejected the company's Leasing Request.
In its 700-page verdict against Pakistan, the tribunal imposed a fine of US $ 4.08 billion and fined US $ 1.87 billion on Friday. The company claimed a loss of USD 11.43 billion. The case was going on for seven years between the Pakistan government and the company.
What is Reco Dick?
Reko Dick, in Balochi, means a small town in the Chagai district in Balochistan, near the sandy beaches, Iran and the border of Afghanistan. Reko Dick mine is famous for its huge gold and copper reserves and is believed to have the world's fifth largest gold deposit.
According to a report by Pakistan's newspaper Dawn, TCC completed a comprehensive and detailed Bankability feasibility study for the development of the mine in Reco Dekh during August 2010 and submitted the application for mining lease in February 2011.
The project was closed in November 2011, when the Balochistan government rejected the application by the local operations assistant of TCC for mining lease in relation to Reco Dick.
Imran Khan ordered inquiry
The then chief justice of the Supreme Court, Iftikhar Mohammad Chaudhary, in January 2013 had declared the Reco-Dick Agreement vacant and opposed the laws of the country.
According to the Washington-based International Monetary Fund (IMF), the decision of ICSID is a major blow to Pakistan, which is a "turning point", where it needs an ambitious and bold change of reforms.
Express Tribune reported that Pak Prime Minister Imran Khan issued orders to set up a commission and set up responsibilities to investigate the major damage done by Pakistan in the Reco-Dake case on Sunday.
The decision taken to give guidance to the temple and church taken by Communist Party in China - report
Recently, the number of people coming to these temples has increased. It was also discussed in the meeting that a group of rich people in China are showing greater interest towards spirituality.
The leaders of the Communist Party of China have decided to take the guidance of religious institutions such as temples and churches in order to make themselves better for the socialist country. It is believed that the party is not happy with the many things going on in these institutions, due to which the decision was taken. This decision was taken in the National Committee of the Chinese People Political Consultative Conference. According to China's News Agency Xinhua News, the meeting was discussed in China about the management of temples and churches in China.
This decision was taken under the leadership of a member of the strongest Standing Committee of the Political Bureau of the Communist Party. According to the law, the committee member also said for efforts to improve and innovate in the management of temples and churches.
Special discussion about Buddhist temple
There was a special discussion about Buddhist and Taoist temples in the meeting. Recently, the number of people coming to these temples has increased. It was also discussed in the meeting that a group of rich people in China are showing greater interest towards spirituality. It is noteworthy that the Communist Party had asked its leaders not to go to religious programs sometime back.
Disgruntled at the appointment of Bishop in Catholic churches
Tell us that there is a conflict between the church and the Communist party in China. Both have stopped each other's decisions on several occasions. In fact, the Chinese party's churches are strongly opposed to the fact that the Pope decides the appointment of the Bishop in Catholic churches.
Vatican to dig up graves in search for missing teen
Harvard economist suspended for 'unwelcome sexual conduct'
Cambridge: Harvard University has suspended a well-known economist after an investigation found he engaged in "unwelcome sexual conduct" toward several people.
Claudine Gay, a Harvard dean, said in an email to the economics department Wednesday that the review found Roland Fryer Jr. created a "hostile work environment" over several years.
Gay says Fryer will be placed on administrative leave for two years. Fryer was accused last year of talking about sex, making inappropriate comments and objectifying women in his research lab.
He called those allegations "patently false" and denied ever discriminating against or harassing anyone in his lab. Fryer said in an emailed statement Wednesday he's "deeply disappointed," particularly because his colleagues' work in the research lab has been stopped. He says "Harvard has spoken" and "in due course" he will as well.