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Print - 2011-01-19
Provincial overdrafts

Provincial overdrafts

The entire focus of the media, as well as international development partners, inclusive of bilateral and multilaterals, is on the federal government's burgeoning budget deficit and its implications on inflation.
Published 19 Jan, 2011 12:00am
Employees protest against proposed privatisation of Railways

Employees protest against proposed privatisation of Railways

Employees of Pakistan Railways on Tuesday staged a protest demonstration outside Railway Station Peshawar Cantonment against the proposed privatisation of the entity and demanded its immediate withdrawal. Dozens of employees of Pakistan Railways led by di
Published 19 Jan, 2011 12:00am
Former CFO ZTBL put on ECL

Former CFO ZTBL put on ECL

National Assembly's Public Accounts Committee on Tuesday directed to put the name of former chief financial officer (CFO)of Zarai Taraqiati Bank (ZTBL) Imtiaz K Lodhi on the Exit Control List (ECL) for having fake degree of a foreign university.
Published 19 Jan, 2011 12:00am
Zardari makes plea to promote religious, cultural harmony

Zardari makes plea to promote religious, cultural harmony

President Asif Ali Zardari on Tuesday made an impassioned plea to United Nations to work out special plans for promoting cultural and religious harmony. This he said during a meeting with the UN Secretary General Ban Ki Moon on the side lines of the fourt
Published 19 Jan, 2011 12:00am
'Government to resolve residential problem of journalists'

'Government to resolve residential problem of journalists'

Provincial Minister for Law and Parliamentary Affairs, Rana Sanaullah Khan has said the government is fully aware of the residential problems being faced by the journalist community and it would utilise all available resources to resolve their issue.
Published 19 Jan, 2011 12:00am
Petition against PML-Q MNA dismissed

Petition against PML-Q MNA dismissed

An election tribunal headed by a judge of Lahore High Court here Tuesday dismissed a petition seeking disqualification of PML-Q MNA, Syed Faisal Saleh Hayat. The tribunal, while dismissing the petition, observed that the petitioner could not establish her
Published 19 Jan, 2011 12:00am
Pakistani firm awarded $500,000 waste management contract

Pakistani firm awarded $500,000 waste management contract

A Lahore based local waste management firm, Waste Busters, has been awarded a contract by the United Nations Military Observer Group in India and Pakistan to collect and dispose off their hazardous waste materials in the region. This is the first internat
Published 19 Jan, 2011 12:00am
BoP loan scam: proceedings adjourned to February 1

BoP loan scam: proceedings adjourned to February 1

A division bench of Lahore High Court, headed by Chief Justice Ijaz Ahmed Chaudhry here Tuesday adjourned to 1st February the hearing of a bail petition of Hamesh Khan, former president of Bank of Punjab and principal accused in the bank's loan scam of ru
Published 19 Jan, 2011 12:00am
National Assembly to discuss targeted killings in Karachi

National Assembly to discuss targeted killings in Karachi

The issue of targetted killings in Karachi would be discussed in the forthcoming 28th session of the National Assembly, which would be held on January 24, 2011. Well-placed sources in the National Assembly Secretariat on Tuesday told Business Recorder
Published 19 Jan, 2011 12:00am
Taliban kill four robbers

Taliban kill four robbers

The local Taliban militants have allegedly killed four robbers what they believed to be the members of an alleged "Dacoit Group", district police said. The bodies were identified as Anwar, Ghazi, Farooq and Sharabi, local police said. The bodies were reco
Published 19 Jan, 2011 12:00am
Government is not amending blasphemy law: Prime Minister

Government is not amending blasphemy law: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Tuesday said that the government was not amending blasphemy law. Addressing 'Ulema and Mashaikh conference' organized with the theme of religious tolerance in Islam, Gilani said, "the acts of violence bring bad na
Published 19 Jan, 2011 12:00am
Fourth international MARCON-2011 on March 7-8

Fourth international MARCON-2011 on March 7-8

The Marketing Association of Pakistan (MAP)Lahore Chapter has announced to hold its fourth-International Marketing Congress (MARCON-2011) on March 7-8, 2011 in the provincial metropolis.
Published 19 Jan, 2011 12:00am
LABARD provides medical aid to over 108 disabled persons

LABARD provides medical aid to over 108 disabled persons

The Lahore Businessmen Association for Rehabilitation of the Disabled (LABARD) on Tuesday provided medical assistance to more than 108 disabled persons at a medical camp established here at the LABARD office.
Published 19 Jan, 2011 12:00am
High mark-up on bank loans hitting industry hard

High mark-up on bank loans hitting industry hard

The highest mark-up on bank loans, higher power tariff and four-day gas loadshedding are badly hitting the industry and cost of exportable items had increased manifold and now we are unable to compete with India, Bangladesh, Sri-Lanka, Thailand, Malaysia
Published 19 Jan, 2011 12:00am
Transfers, postings

Transfers, postings

Chief Justice of the Lahore High Court (LHC) has made transfers and postings among thirteen Additional District and Sessions Judges (AD&SJs).
Published 19 Jan, 2011 12:00am
LHC seeks reply from DG NAB

LHC seeks reply from DG NAB

The Lahore High Court (LHC) here on Tuesday sought reply from Director General (DG) National Accountability Bureau (NAB) within fortnight in a petition filed by Syed Sibt-ul Hassan Gilani alias Double Shah seeking directions to NAB to decide on his applic
Published 19 Jan, 2011 12:00am
Fesco directs staff to ensure maximum recoveries

Fesco directs staff to ensure maximum recoveries

Operation staff has been directed to further gear-up its efforts to minimise line loses in addition to ensuring maximum recoveries, said Tairq Mehmood Chattha Chief Executive Officer Faisalabad Electric Supply Company (Fesco). Presiding over a high level
Published 19 Jan, 2011 12:00am
MML to launch mass contact drive from February 5

MML to launch mass contact drive from February 5

With the slogan to save Pakistan, Muttahida Muslim League (MML) is all set to launch its mass contact drive from February 5, to protest against the policies of the government. MML will hold public meeting in Lahore on February 5 to apprise the public abou
Published 19 Jan, 2011 12:00am
Aptma wants PSF makers to help resolve issues

Aptma wants PSF makers to help resolve issues

Chairman All Pakistan Textile Mills Association (Aptma) Gohar Ejaz has urged the Polyester Staple Fibre (PSF) manufacturers to rise above the situation and resolve issues relating to availability of raw material to the textile industry. He said Pakistan i
Published 19 Jan, 2011 12:00am
UHS declares MBBS Part II results

UHS declares MBBS Part II results

The University of Health Sciences (UHS) on Tuesday announced the results of first professional MBBS Part-II annual examination. A total of 2923 candidates from 20 affiliated medical colleges appeared in the examination out of which 2241 passed and 653 fai
Published 19 Jan, 2011 12:00am
Painting exhibition held

Painting exhibition held

Government College University Fine Arts Department on Thursday held a painting exhibition of a group of young talented painters; Marina Aftab, Kiran Riaz, Nazish Altaf and Maria Ahsan. As many as 31 art pieces were put on display at the two-week exhibitio
Published 19 Jan, 2011 12:00am
FPCCI body on Diplomatic Affairs: Ishtiaq Baig made chairman

FPCCI body on Diplomatic Affairs: Ishtiaq Baig made chairman

President Feder-ation of Pakistan Chambers of Commerce & Industry, Senator Haji Ghulam Ali has appointed Ishtiaq Baig as Chairman of FPCCI Standing Committee on Diplomatic Affairs for 2011. Ishtiaq Baig is a leading industrialist and Vice Chairman of Baig
Published 19 Jan, 2011 12:00am
JCR-VIS upgrades IFS rating of UIL

JCR-VIS upgrades IFS rating of UIL

JCR-VIS Credit Rating Company Limited has upgraded the Insurers Financial Strength rating of UBL Insurers Limited (UIL) from 'A-' (Single A-) to 'A' (Single A). Outlook on the assigned rating is 'Stable'. The rating upgrade incorporates continued sponsor
Published 19 Jan, 2011 12:00am
JCR-VIS upgrades IFS rating of UIL

JCR-VIS upgrades IFS rating of UIL

JCR-VIS Credit Rating Company Limited has upgraded the Insurers Financial Strength rating of UBL Insurers Limited (UIL) from 'A-' (Single A-) to 'A' (Single A). Outlook on the assigned rating is 'Stable'. The rating upgrade incorporates continued sponsor
Published 19 Jan, 2011 12:00am
Pacra announces superior ratings for AHI funds

Pacra announces superior ratings for AHI funds

Pakistan Credit Rating Agency (Pacra) has announced stability ratings for three of Arif Habib Investments (AHI) Funds. Pacra's fund stability ratings are widely regarded as the most unbiased assessment of a fund's capacity to deliver stable returns. The c
Published 19 Jan, 2011 12:00am
Pacra announces superior ratings for AHI funds

Pacra announces superior ratings for AHI funds

Pakistan Credit Rating Agency (Pacra) has announced stability ratings for three of Arif Habib Investments (AHI) Funds. Pacra's fund stability ratings are widely regarded as the most unbiased assessment of a fund's capacity to deliver stable returns. The c
Published 19 Jan, 2011 12:00am
Journalists stage token-boycott of Sindh Assembly

Journalists stage token-boycott of Sindh Assembly

Journalists on Tuesday staged a token boycott of Sindh Assembly in protest against the government's snail-paced progress to arrest the killers of TV journalist Wali Khan Babar. However, soon the newsmen returned to the press gallery and resumed their cove
Published 19 Jan, 2011 12:00am
Hydropower projects provide superb opportunities: Wapda chief

Hydropower projects provide superb opportunities: Wapda chief

Chairman Wapda Shakil Durrani said hydropower projects provide exceptional opportunities for investment due to their high economic return rate. He expressed these views while talking to a delegation of Turkish investors during their visit to Wapda House.
Published 19 Jan, 2011 12:00am
Pfizer photo exhibition inaugurated

Pfizer photo exhibition inaugurated

A photo exhibition by some young and established names in the field of photography opened at Indus Valley Art Gallery on Tuesday. The exhibition was organised by Pfizer Pakistan - a leading multinational pharmaceutical company in the country - to showcase
Published 19 Jan, 2011 12:00am
Flood survivors: speakers for formulating comprehensive recovery plan

Flood survivors: speakers for formulating comprehensive recovery plan

A comprehensive participatory recovery and rehabilitation plan should be prepared for the flood-affected people of Sindh. This was demanded in a provincial conference entitled "Issues in pro-poor recovery and rehabilitation in Sindh", held at a local hote
Published 19 Jan, 2011 12:00am
Rangers arrest 200 people during Orangi operation

Rangers arrest 200 people during Orangi operation

Rangers conducted search operation in some areas of Orangi Town in the wee hours on Tuesday by imposing partial curfew and detained over 200 persons. According to sources, the search operation was launched on the tip-off provided by the arrested persons t
Published 19 Jan, 2011 12:00am
Malaysia to collaborate in auto parts manufacturing

Malaysia to collaborate in auto parts manufacturing

Pakistan is working with Malaysia to have technical collaboration in auto parts manufacturing with buy-back guarantee. This was stated by Minister for Industries and Production Mir Hazar Khan Bijarani while talking to media at the second Malaysia-Pakistan
Published 19 Jan, 2011 12:00am
24 hours duty at court premises: Elite force commandos refuse to serve

24 hours duty at court premises: Elite force commandos refuse to serve

As many as 18 commandos of elite force deputed at the Lahore High Court (LHC) for security of Chief Justice refused to serve at the court premises on Tuesday. According to sources the elite force officials were annoyed over long working hours and protesti
Published 19 Jan, 2011 12:00am
Government urged to initiate de-weaponisation drive

Government urged to initiate de-weaponisation drive

The participants of "National Campaign for Peace" have expressed worries over the presence of 20 million illegal weapons in the country and urged the government to take initiatives to check proliferation of illegal weapons through an effective de-weaponis
Published 19 Jan, 2011 12:00am
Turkish companies keen to invest in energy sector

Turkish companies keen to invest in energy sector

Managing Director, Pakistan Electric Power Company (Pepco), Rasul Khan Mahsud chaired a high level meeting with Turkish delegation comprising of EA consulting, Tera International group, Saeg Industrial Engineering and Best Transformer at Wapda House, Laho
Published 19 Jan, 2011 12:00am
Best Debt House in Pakistan: Standard Chartered wins award

Best Debt House in Pakistan: Standard Chartered wins award

Standard Chartered Pakistan has once again won the Asset Triple A Awards for "Best Debt House in Pakistan" for 2010. This is the third year in a row that Standard Chartered has won this accolade. This award is recognition of Standard Chartered's superior
Published 19 Jan, 2011 12:00am
PTCL launches new "Position Statement 'Hello to the Future'

PTCL launches new "Position Statement 'Hello to the Future'

Pakistan Telecommunication Company LTD (PTCL) has launched new "Position Statement" 'Hello to the Future' at the start of the New Year. PTCL's new positioning statement illustrates the company's aim to transform the world of telecommunication and the way
Published 19 Jan, 2011 12:00am
'Sewerage system of Lahore inadequate due to increase in population'

'Sewerage system of Lahore inadequate due to increase in population'

Parliamentary Secretary Housing, Zafar Iqbal Nagra here on Tuesday speaking in Punjab Assembly has said that sewerage system of Lahore was inadequate due to increase in population of the city. He said the system of sewerage of Lahore was initiated in 1938
Published 19 Jan, 2011 12:00am
LHC summons Secretary Auqaf on February 7

LHC summons Secretary Auqaf on February 7

The Lahore High Court (LHC) here on Tuesday called for the appearance of Secretary Auqaf on February 7 next in a petition filed by a contractor at the Shrine of Hazrat Baba Farid Ganj Shakar, Pakpattan Sharif. The petition has been filed by Syed Sajid Hus
Published 19 Jan, 2011 12:00am
Water issue: dialogue only way to evolve consensus among provinces

Water issue: dialogue only way to evolve consensus among provinces

In a bid to highlight the difference of opinion among provinces on water issues and to open the way for dialogue, Pakistan Institute of Legislative Development and Transparency (PILDAT) arranged a roundtable discussion on Tuesday for Members of the Provin
Published 19 Jan, 2011 12:00am
29 tandoors to be set up under Sasti Roti Programme

29 tandoors to be set up under Sasti Roti Programme

Under Sasti Roti Programme around 29 mechanical tandoors would be set up in the district for which interest free loans are also being provided to the applicants from the Punjab Small Industries Corporation, DCO Naseem Sadiq informed the meeting here on Tu
Published 19 Jan, 2011 12:00am
Telenor Pak CEO's services eulogised

Telenor Pak CEO's services eulogised

Telenor Pakistan on Tuesday announced that its Chief Executive Officer (CEO), Jon Eddy Abdullah, is set to leave the company on March 1st who has been appointed CEO of the Telenor Group's Thai mobile operator DTAC.
Published 19 Jan, 2011 12:00am
APAFF leaders vow to resolve newspapers hawkers' problems

APAFF leaders vow to resolve newspapers hawkers' problems

President of All Pakistan Akhbar Faroosh Federation (APAFF) Syed Afzal Shah and Secretary General Tikka Khan on Tuesday pledged to resolve all the problems being faced by the newspapers hawkers. They stated this during the meeting of central executive com
Published 19 Jan, 2011 12:00am
Drone attacks: petition filed before apex court

Drone attacks: petition filed before apex court

A constitutional petition has been filed before the Supreme Court praying to declare American drone attacks against the sanctity and independence of Pakistan. Advocate Rana Ilamudin Ghazi filed this petition at Lahore registry of the apex court saying tho
Published 19 Jan, 2011 12:00am
Gas loadshedding: IHC extends suspension notification

Gas loadshedding: IHC extends suspension notification

Islamabad High Court (IHC) on Tuesday extended the suspension of the notification of Sui Northern Gas Pipeline Limited (SGNPL) regarding the regular eight hours loadshedding in Kahuta region and sought answer from OGRA January 21. Justice Riaz Ahmed Khan
Published 19 Jan, 2011 12:00am
Britain moves to ban Pakistani Taliban

Britain moves to ban Pakistani Taliban

Britain moved Tuesday to ban the Pakistani Taliban, making membership a criminal offence and rendering illegal any attempts to raise money for the group in this country. "I have laid an order which will proscribe Tehrik-e Taliban Pakistan. Proscription is
Published 19 Jan, 2011 12:00am
Rocket attack kills three soldiers

Rocket attack kills three soldiers

A rocket attack by Taliban militants on Tuesday killed at least three Pakistani soldiers and wounded three others, security officials said. The rocket attack took place at a security forces camp in the town of Razmak in North Waziristan tribal district bo
Published 19 Jan, 2011 12:00am
PSMA decides to make payment to growers through bank scroll

PSMA decides to make payment to growers through bank scroll

In view of the deteriorating law and order situation in the country, Pakistan Sugar Mills Association has decided to make payment against "Cane Payment Receipts" (CPR) through banks scroll, PSMA chairman Javed Kayani told Business Recorder here on
Published 19 Jan, 2011 12:00am
Sindh government declares public holiday today

Sindh government declares public holiday today

The Sindh government has declared January 19(today) as a public holiday on account of Urs of Shah Abdul Latif Bhitai. An official announcement here on Tuesday said that the government of Sindh has declared 14th Saffar, 1432, corresponding to 19th January
Published 19 Jan, 2011 12:00am
Urs celebrations of Shah Latif begin today

Urs celebrations of Shah Latif begin today

The 267th Urs celebrations of renowned sufi poet Hazrat Shah Abdul Latif Bhitai will be commenced from January 19 (today) at Bhitshah. A large number of people are expected to throng the last abode of the Sufi saint. The place also seen development encomp
Published 19 Jan, 2011 12:00am
Minister urges Tapedars to keep record safe

Minister urges Tapedars to keep record safe

The Sindh Minister Revenue Jam Mahtab Dahar stressed upon the Tapedars who completed one year training to keep revenuue record save and stop misappropriation in records. He said to tapedars to remain loyal to soil of Sindh perform their duty honestly.
Published 19 Jan, 2011 12:00am
The Weather

The Weather

The weather report on Tuesday (January 18, 2011) and the forecast for Tuesday (January 18, 2011).

Published 19 Jan, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 18, 2011).

Published 19 Jan, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 18, 2011).

Published 19 Jan, 2011 12:00am
US CG moves to new location

US CG moves to new location

The US Consulate-General in Karachi has moved to its new location. The new Consulate includes an American Centre designed to increase interaction between Americans and Pakistanis. The Centre will include educational information and cultural programs.
Published 19 Jan, 2011 12:00am
US CG moves to new location

US CG moves to new location

The US Consulate-General in Karachi has moved to its new location. The new Consulate includes an American Centre designed to increase interaction between Americans and Pakistanis. The Centre will include educational information and cultural programs.
Published 19 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 19 Jan, 2011 12:00am
Allowing Punjab export surplus wheat: Sindh decries ECC decision

Allowing Punjab export surplus wheat: Sindh decries ECC decision

Sindh has termed the Economic Co-ordination Committee (ECC) decision as discriminatory and sought the federal government''s permission for export of surplus wheat stocks with an objective to find some space in its godowns prior to harvesting of the new cr
Published 19 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 19 Jan, 2011 12:00am
Allowing Punjab export surplus wheat: Sindh decries ECC decision

Allowing Punjab export surplus wheat: Sindh decries ECC decision

Sindh has termed the Economic Co-ordination Committee (ECC) decision as discriminatory and sought the federal government's permission for export of surplus wheat stocks with an objective to find some space in its godowns prior to harvesting of the new cro
Published 19 Jan, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 18, 2011).

Published 19 Jan, 2011 12:00am
Allowing Punjab export surplus wheat: Sindh decries ECC decision

Allowing Punjab export surplus wheat: Sindh decries ECC decision

Sindh has termed the Economic Co-ordination Committee (ECC) decision as discriminatory and sought the federal government's permission for export of surplus wheat stocks with an objective to find some space in its godowns prior to harvesting of the new cro
Published 19 Jan, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (January 18, 2011) and for Wednesday (January 19, 2011).
Published 19 Jan, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (January 18, 2011).

Published 19 Jan, 2011 12:00am
Lebanon tribunal charges under wraps as tensions rise

Lebanon tribunal charges under wraps as tensions rise

The tribunal set up to try the killers of Lebanese ex-premier Rafiq Hariri insisted Tuesday on keeping its first indictment under wraps as fears of violence rose on the streets of Beirut. The prosecutor of the Special Tribunal for Lebanon warned that spec
Published 19 Jan, 2011 12:00am
Lebanon tribunal charges under wraps as tensions rise

Lebanon tribunal charges under wraps as tensions rise

The tribunal set up to try the killers of Lebanese ex-premier Rafiq Hariri insisted Tuesday on keeping its first indictment under wraps as fears of violence rose on the streets of Beirut. The prosecutor of the Special Tribunal for Lebanon warned that spec
Published 19 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 18, 2011).

Published 19 Jan, 2011 12:00am
ADB to lend International Power $100 million for gas-fired plant

ADB to lend International Power $100 million for gas-fired plant

The Asian Development Bank (ADB) said on Tuesday it will lend up to $100 million to UK-based International Power PLC to build a Pakistani gas-fired plant to help address the country''s energy crisis. The 404-megawatt power plant in Balochistan is schedule
Published 19 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 18, 2011).

Published 19 Jan, 2011 12:00am
ADB to lend International Power $100 million for gas-fired plant

ADB to lend International Power $100 million for gas-fired plant

The Asian Development Bank (ADB) said on Tuesday it will lend up to $100 million to UK-based International Power PLC to build a Pakistani gas-fired plant to help address the country's energy crisis. The 404-megawatt power plant in Balochistan is scheduled
Published 19 Jan, 2011 12:00am
ADB to lend International Power $100 million for gas-fired plant

ADB to lend International Power $100 million for gas-fired plant

The Asian Development Bank (ADB) said on Tuesday it will lend up to $100 million to UK-based International Power PLC to build a Pakistani gas-fired plant to help address the country's energy crisis. The 404-megawatt power plant in Balochistan is scheduled
Published 19 Jan, 2011 12:00am
De-weaponisation bill presented in Senate

De-weaponisation bill presented in Senate

Following its introduction in the National Assembly, Muttahida Qaumi Movement (MQM) on Tuesday submitted The De-Weaponisation of Pakistan Bill, 2011 with the Senate Secretariat, urging all political forces to support the Bill in the Parliament.
Published 19 Jan, 2011 12:00am
THE RUPEE: all-round decline

THE RUPEE: all-round decline

Pressure buying of dollars forced the rupee to surrender its gains versus the US currency and euro on the money market on Tuesday, dealers said. The rupee fell sharply against dollar, losing 27 paisa for buying at 85.78 and it also shed 26 paisa for selli
Published 19 Jan, 2011 12:00am
De-weaponisation bill presented in Senate

De-weaponisation bill presented in Senate

Following its introduction in the National Assembly, Muttahida Qaumi Movement (MQM) on Tuesday submitted The De-Weaponisation of Pakistan Bill, 2011 with the Senate Secretariat, urging all political forces to support the Bill in the Parliament.
Published 19 Jan, 2011 12:00am
THE RUPEE: all-round decline

THE RUPEE: all-round decline

Pressure buying of dollars forced the rupee to surrender its gains versus the US currency and euro on the money market on Tuesday, dealers said. The rupee fell sharply against dollar, losing 27 paisa for buying at 85.78 and it also shed 26 paisa for selli
Published 19 Jan, 2011 12:00am
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