Karachi blast kills at least seven


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KARACHI // A blast apparently caused by explosives stored in a house in the southern Pakistani city of Karachi killed at least seven people today, some of whom may have been militants, police said. The explosion occurred in Baldia, a mostly ethnic Pashtun neighbourhood that is a suspected Taliban hideout, police chief Wasim Ahmad said. Its exact cause was unclear. TV footage showed police seizing guns, suicide vests and grenades from the site.

Federal interior minister Rehman Malik said some people from the Swat Valley, a region where the army has waged an offensive against the Taliban, were believed to have been staying at the house along with some guests, but he stressed the investigation was ongoing. Local resident Noor Mohammed said he rushed to the scene just after the explosion and saw some of the dead men were wearing camouflage jackets. He said the men moved into the house about three months ago. On December 28, a bomb attack on a minority Shiite Muslim religious procession in the city killed 43 people and wounded dozens. Riots broke out after the attack, with people setting fire to the country's largest wholesale market. The blaze burnt for more than two days and destroyed thousands of shops. Karachi, Pakistan's largest city and commercial hub, has largely been spared the Taliban-linked violence that has struck much of the rest of the country, something analysts say may be because of the group's tendency to use it as a place to rest and raise money. But the city has a long history of violence, much of it driven by ethnic hatred between Pashtuns and Urdu-speaking descendants of refugees from British-colonial India. Mr Malik said authorities plan to crack down on "illegal immigrants" in Karachi - a possible reference to Afghans, many of them Pashtun, who reside in vast settlements on the city's outskirts. He said such illegal immigrants should leave the city in the next 15 days.

* AP

WandaVision

Starring: Elizabeth Olsen, Paul Bettany

Directed by: Matt Shakman

Rating: Four stars

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How the UAE gratuity payment is calculated now

Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.

The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.

1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):

a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33

b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.

2. For those who have worked more than five years

c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.

Note: The maximum figure cannot exceed two years total salary figure.

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Thursday
Dibba v Al Dhafra, Fujairah Stadium (5pm)
Al Wahda v Hatta, Al Nahyan Stadium (8pm)

Friday
Al Nasr v Ajman, Zabeel Stadium (5pm)
Al Jazria v Al Wasl, Mohammed Bin Zayed Stadium (8pm)

Saturday
Emirates v Al Ain, Emirates Club Stadium (5pm)
Sharjah v Shabab Al Ahli Dubai, Sharjah Stadium (8pm)

Expo details

Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia

The world fair will run for six months from October 20, 2020 to April 10, 2021.

It is expected to attract 25 million visits

Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.

More than 30,000 volunteers are required for Expo 2020

The site covers a total of 4.38 sqkm, including a 2 sqkm gated area

It is located adjacent to Al Maktoum International Airport in Dubai South

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Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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Director: Amith Krishnan

Rating: 3.5/5

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