Bangla International School bids farewell to outgoing principal

Updated 17 January 2014
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Bangla International School bids farewell to outgoing principal

Bangla expat community bid farewell to the outgoing principal of Bangladesh International School, English Section (BISES) at a ceremony in Riyadh.
Speaking to students at the ceremony, the principal said, “Bring good name to your school through hard work and discipline.”
Mohammed Shaheed Hussein was leaving the Kingdom following nine years of service in the school.
Earlier, Hussein was serving as provincial director of education at the Ministry of Education in Colombo. He also worked as an educationalist in Oman and the Maldives.
Hussein said education is the best asset, which one could have, and discipline is another form of portraying one’s good character.
Hussein thanked the school management for organizing the event, adding that he did his best to bring the school to new heights. He also advised the teachers to educate students through love and care, adding that teaching is a noble profession.
BISES has around 1,400 students, half of which are girls. It has produced positive results in all public examinations.
Mohammed Quamarul Islam, chairman of the school board of management, chaired the felicitation ceremony. He said that Hussein dedicated his services with academic and professional excellence.
Mohammed Sarwar Jahan, a board member, also commended the services of the outgoing principal.
Korim Reza, the newly appointed principal, highlighted the role played by Hussein to boost education in the Bangla expat community.


Saudi Arabia pledges $3bn to Pakistan, defers oil payments

Updated 24 October 2018
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Saudi Arabia pledges $3bn to Pakistan, defers oil payments

  • It was agreed Saudi Arabia will place a deposit of $3 billion for a period of one year as balance of payment support: statement
  • Pakistan is seeking foreign aid to help plug a massive budgetary gap which the Pakistan prime minister has blamed on the mismanagement of the previous administration

RIYADH: Saudi Arabia has pledged $3 billion in support to Pakistan and allowed for deferred oil payments to help stave off a budget crisis.

The deal came as Pakistani Prime Minister Imran Khan attended the opening of the Future Investment Initiative (FII) in Riyadh on Tuesday.

Earlier Khan met with King Salman and Crown Prince Mohammed bin Salman to discuss bilateral issues. It was his second visit to the Kingdom in just over a month.

“It was agreed Saudi Arabia will place a deposit of $3 billion for a period of one year as balance of payment support,” Pakistan’s Foreign Ministry said in a statement.

“It was also agreed that a one-year deferred payment facility for import of oil, up to $3 billion, will be provided by Saudi Arabia. This arrangement will be in place for three years, which will be reviewed thereafter.”

During his address to the gathering of global business executives, Khan also confirmed that Pakistan was in talks with the International Monetary Fund (IMF) for a new bailout.

Pakistan is seeking foreign aid to help plug a massive budgetary gap which the Pakistan prime minister has blamed on the mismanagement of the previous administration. During his election campaign, the former cricketer vowed to create 10 million jobs and establish an “Islamic welfare state.”

After a consultative visit last month, the IMF had warned that Pakistan needed to quickly secure “significant external financing” to avert a crisis. 

Saudi Arabia and Pakistan have also discussed potential investment in mineral resources in Balochistan, the largest of Pakistan’s four provinces which borders Iran and Afghanistan.

Further discussions were held about a refinery project in Pakistan, the Finance Ministry said in the statement.

Pakistan’s external balance of payments represents one of the biggest challenges facing Khan.

The country’s current account deficit has ballooned as its central bank’s foreign reserves dropped to about $8.1 billion in October.

That was barely enough to meet the country’s sovereign borrowings between now and the end of the year.

The IMF expects Pakistan’s economic growth to slow to about 4 percent in 2019.

Pakistan is seeking to attract increased inward investment to help shore up its finances and Khan used the event as platform to talk about opportunities in sectors such as tourism, minerals, coal and gas exploration.

He also highlighted what he said were the successes of Pakistan in the fight against terrorism, which has brought peace and stability to the country, and pointed to the significance of the China-Pakistan Economic Corridor (CPEC).

China has become an increasingly high-profile investor in Pakistan as Beijing pushes ahead with major projects such as the CPEC.