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Pakistan

Lt Gen Asif Ghafoor appointed Quetta Corps Commander

Asif Ghafoor has served the military's media affairs wing as the director-general

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Lt Gen Asif Ghafoor appointed Quetta Corps Commander
GNN Media: Representational Photo

Rawalpindi: Lieutenant General Asif Ghafoor has been appointed as the Commander 12 Corps Quetta.

According to the statement issued by the Inter-Services Public Relations (ISPR), Lt Gen Asif Ghafoor has been appointed in place of martyred Lieutenant General Sarfraz Ali.

General Sarfraz along with other five army personnel embraced martyrdom in an army aviation helicopter accident during the relief operation in the flood affected areas in Balochistan on Tuesday.

The military chopper had gone missing as it was en route from Quetta to Karachi at around 5:30pm Tuesday evening. The personnel in the chopper were overseeing the flood relief efforts in the southwest of the country.

 

Pakistan

Iraqi Commander appreciates Pakistan Navy's role in regional maritime security

The Iraqi Commander appreciated Pakistan Navy's role in regional maritime security. 

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Iraqi Commander appreciates Pakistan Navy's role in regional maritime security

Iraqi Navy Commander Ahmed Jasim Maarij Abdullah Al-Zayed held a meeting with Naval Chief Muhammad Amjad Khan Niazi in Islamabad on Wednesday and discussed cooperation in the maritime sector.

The Iraqi Commander appreciated Pakistan Navy's role in regional maritime security. 

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Pakistan

PM lauds Interior ministry, provincial Govts, LEAs for maintaining peace on Yaum-e-Ashur

The Prime Minister also paid tribute to the volunteer youths who also served to maintain discipline on the day.

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PM lauds Interior ministry, provincial Govts, LEAs for maintaining peace on Yaum-e-Ashur

Islamabad: Prime Minister Shehbaz Sharif has appreciated Interior Minister Rana Sanaullah, his ministry, the provincial governments as well as law enforcement agencies for maintaining peace on Yaum-e-Ashur. 

In a statement, he lauded the officers and personnel of Rangers, law enforcement agencies, particularly the police who faced the scorching heat and tough conditions to protect people’s lives and properties.

The Prime Minister also paid tribute to the volunteer youths who also served to maintain discipline on the day.

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Technology

Elon Musk sells Tesla shares worth $6.9 billion amid Twitter legal battle

The latest sales bring total stock sales by Musk to about $32 billion in less than one year.

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Elon Musk sells Tesla shares worth $6.9 billion amid Twitter legal battle

Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform.

"In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock," he said in a tweet late on Tuesday.

Musk in early July tore up his April 25 agreement to buy Twitter for $44 billion. Twitter has sued Musk to force him to complete the transaction, dismissing his claim that he was misled about the number of spam accounts on the social media platform as buyer's remorse in the wake of a plunge in technology stocks. The two sides head to trial on Oct. 17.

"Street will read through this poker move that chances of Twitter deal more likely now," Dan Ives, an analyst at Wedbush Securities, tweeted.

In other comments on Twitter on Tuesday, Musk said "yes" when asked if he was done selling Tesla stock, and also said he would buy Tesla stock again if the Twitter deal does not close.

Tesla did not immediately respond to a Reuters request for comment.

Musk, the world's richest person, sold $8.5 billion worth of Tesla shares in April and had said at the time there were no further sales planned. But since then, legal experts had suggested that if Musk is forced to complete the acquisition or settle the dispute with a stiff penalty, he was likely to sell more Tesla shares.

Musk sold about 7.92 million shares between Aug.5 and Aug.9, according to multiple filings. He now owns 155.04 million Tesla shares or just under 15% of the automaker according to Reuters calculations.

The latest sales bring total Tesla stock sales by Musk to about $32 billion in less than one year.

Tesla shares have risen nearly 15% since the automaker reported better-than-expected earnings on July 20, also helped by the Biden administration's climate bill that, if passed, would lift the cap on tax credits for electric vehicles.

Musk also teased on Tuesday that he could start his own social media platform. When asked by a Twitter user if he had thought about creating his own platform if the deal didn't close, he replied: "X.com"

SOURCE: REUTERS 

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