Pakistan releases 57 Indian fishing boats

March 21, 2015

Islamabad, Mar 21: As a goodwill gesture, Pakistan today released 57 Indian fishing boats that were in its custody.

In a statement, Foreign Office (FO) said the decision to release the vessels was taken in May last year.

Prime Minister Nawaz Sharif visited India at that time to attend the oath-ceremony of Prime Minister Narendra Modi.

An eight-member Indian delegation visited Karachi from March 9 to finalise modalities for the repatriation of boats with officials of the Pakistan Maritime Security Agency (PMSA), the statement said.

"While the PMSA had kept the boats in good condition, it extended full support to the visiting team in making the boats seaworthy after minor repairs. Subsequently, the boats were towed to the maritime boundary today, where these were physically taken over by the Indian side," it said.

Indian fishermen and boats are often apprehended by PMSA authorities when they violate Pakistan territorial waters.

Usually the boats are not in seaworthy condition and are not returned.

However, following instructions from the Prime Minister to return these boats, special efforts were undertaken by the PMSA to ensure that the boats are returned to their owners, the statement added.

Pakistan and India frequently arrest rival fishermen for violating the sea waters.

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Gautam Adani reclaims Asia's richest person title with net worth of USD 111 billion

News Network

June 1,2024

Gautam Adani, chairman of multinational conglomerate the Adani Group, has reclaimed the title of the richest person in Asia with a net worth of $111 billion, according to the Bloomberg Billionaires Index. This came after the group's shares rallied up to 14 per cent on Friday.

With this, Adani has overtaken Reliance Industries’ Mukesh Ambani after nearly 5 months. Ambani stands at 12th rank with a net worth of $109 billion. He had overtaken Adani in net worth after his conglomerate's shares crashed following the Hindenburg report last January.

So far in 2024, Adani’s net worth has jumped $26.8 billion while Ambani's wealth has increased by $12.7 billion.

Last week, Adani also expressed his optimism about the future of the group saying that its best days are ahead.

“The road ahead is paved with extraordinary possibilities, and I can promise you that the Adani Group today is stronger than it has ever been," he said.

2023 had been quite challenging for the Adani Group after the Supreme Court ordered a panel to probe the allegations in the Hindenburg report. Adani, who was the third richest person in the world before the report, slipped in the rankings rapidly after the group's shares saw a sell-off.

However, later the Supreme Court ordered the Securities and Exchanges Board of India (Sebi) to conclude its investigation into the Adani Group and said no more probes were needed. Sebi had said that it could not reach an outcome in its probe.

The shares of the Adani Group have rallied after the judgement. In January, Adani had overtaken Ambani after nearly 12 months but later the lead was taken again by Ambani. Now Adani has overtaken Ambani again.

The Bloomberg Billionaires Index showed that currently, Bernard Arnault is currently the richest person in the world with a net worth of $207 billion. He is followed by Elon Musk and Jeff Bezos with total wealth of $203 billion and $199 billion respectively.

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