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During the 1971 Liberation War, dozens of regional forces emerged across Bangladesh. Just as the freedom fighters trained under the sub-sectors and the Bengal Regiment fought valiantly, these regional forces also put up tough resistance against the Pakistan army. In the month of victory, we bring you the stories of some of these heroic forces. Through a combination of well-executed tactics, bravery on the battlefield, and overall masterful guerrilla warfare, a local resistance group shaped the outcome of the war in the Chandpur region. The Pathaan Bahini, led by Zahirul Haque Pathaan, a Bangalee subedar in the Pakistan Army, operated across a 1,000-square-mile area spanning 13 upazilas in Chandpur, Cumilla, Noakhali, and Lakshmipur. While visiting these districts in June of this year, The Daily Star interviewed over 30 Pathaan Bahini freedom fighters. Initially formed by former personnel and deserters of the Pakistani army, the force eventually grew to over 900 freedom fighters, including members from all walks of life, such as students, youths, and labourers. The force engaged in over 40 battles against Pakistani forces, displaying immense courage and bravery. The details of the war and the heroism of the Pathaan Bahini have been recorded in several books, including "Chandpur Zillar Muktijuddher Itihash" by Shahjahan Kabir, Bir Pratik, and "Muktijuddhe Chandpur" by Dr Delwar Hossain Khan, a Pathaan Bahini member. According to the books, force chief Zahirul was a well-known figure for his role in the 1965 Indo-Pak War, which earned him the "Tamgha-i-Jurat", the fourth highest military award of Pakistan. FORMATION In early 1971, Zahirul, serving under the 1st East Bengal Regiment, was stationed at Jessore Cantonment. In February, he was ordered to transfer to Lahore. However, he instead took a two-month leave to go to his village home in Hajiganj upazila of Chandpur and assess the country's political situation. In March, following Bangabandhu Sheikh Mujibur Rahman's call for a non-cooperation movement, a war committee was formed in Chandpur. As per the decision of the committee, a group of 30 young students were recruited for training in the Alipur village of Hajiganj. In the wake of the March 25 massacre, an emergency meeting of the war committee was convened at Paikpara School in Faridganj on April 8. Zahirul was entrusted with the leadership of the Mukti Bahini in Chandpur district. COMMAND STRUCTURE Zahirul initially divided the region surrounding Chandpur into six zones and assigned commanders to each to set up a defensive perimeter. Naik subedar Ali Akbar Patwari was appointed to oversee Hajiganj, Ramganj, Chatkhil, and parts of Raipur. Naik subedar Zahirul Islam was tasked with Matlab upazila; sergeant Joynal Abedin was responsible for Chandpur Sadar and Haimchar; Naik subedar Abdur Rab was assigned to Faridganj, Ramganj, and parts of Raipur; havildar Sirajul Islam was in charge of Kachua upazila; and Nayeb Subedar Mofiz was responsible for the headquarters and Shahrasti upazila. Initially, Paikpara School served as both the headquarters and training camp for the force. However, the headquarters was later relocated to Thakurbari in Pani Ali village of Ramganj upazila in Lakshmipur. The Pathaan Bahini also had an intelligence unit, headed by Zahirul and force director Kalim Ullah Bhuiyan. Born on January 8, 1937, Zahirul Haque Pathaan died on January 27, 2024. Kalim Ullah Bhuiyan died on January 5, 2024. He was born in 1925. FIRST AMBUSH According to the book "Chandpur Zillar Muktijuddher Itihash", the force's first engagement of the war took place in the Gazipur union under Chandpur's Haimchar upazila. On April 27, upon learning that a launch carrying arms and ammunition for the Pakistani army was coming to Faridganj from Chandpur, Zahirul planned an ambush. Talking about the operation, freedom fighter Lutfar Rahman told The Daily Star, "As soon as the launch entered our ambush position near Gazipur Bazar, we attacked the Pakistani soldiers on board from three directions. "Several soldiers were killed, and the rest jumped into the river and fled to Dhanua. The launch, damaged by gunfire, sank in the Manikraj river." The following day, the freedom fighters salvaged the sunken launch, and from inside they recovered a large cache of munitions. LCOALS JOIN THE FIGHT The Battle of Khajuria was different from other battles, for it was joined not only by Pathaan fighters but also by local villagers armed with whatever they could find. According to the book, Bangladesher Swadhinota Juddho - Sector Bhittik Itihash (Sector-2)", on the morning of June 20, two platoons of freedom fighters were positioned at Kamta and Galla to counter the advance of Pakistani forces from Hajiganj and Chandpur. Simultaneously, another platoon was deployed at the WAPDA embankment near Khajuria to resist the Pakistani forces approaching from Ramganj and Noakhali. Another platoon was stationed on the road leading to Sonapur in Noakhali. At noon, as the freedom fighters at the WAPDA embankment sprung a surprise attack on the advancing Pakistani soldiers, the remaining platoons quickly rushed towards Khajuria. The local villagers also joined the fight alongside the freedom fighters. Freedom fighter Delwar Hossain said, "As we chased the Pakistani soldiers, we were joined by thousands of villagers from Khajuria Bazar, Rupsa, and Koroitoli, armed with machetes, axes, and other improvised weapons. Fearing for the safety of these civilians, Pathaan Sahib decided to withdraw and pull everyone back to safety. "As the retreating Pakistani army headed towards Gollak, they were ambushed by the freedom fighters from three sides. The attack resulted in the deaths of eight Pakistani soldiers." BATTLE OF SHASIALI Freedom fighter Sirajul Haque said the force used the school grounds in Battala, Nakipur, Kadra, and South Sahebganj as training camps and established positions in Toragarh, Lotra, Ugaria, and Naringpur Bazars. "Towards the end of the war, due to security concerns, we didn't have a fixed training camp. We would prop up makeshift training camps wherever we sought shelter," said Ajit Saha, another freedom fighter. Shasiali Madrasa in Faridganj served as one such training camp of the Pathaan Bahini. It was frequently targeted by Pakistani troops, resulting in several battles between the Pathaan Bahini and the Pakistani army. One such significant engagement took place on July 29, known as the Battle of Shasiali. On July 29, upon receiving intelligence about a Pakistani convoy of 15-16 boats advancing from Faridganj to capture the camp, Pathaan Bahini laid an ambush to intercept the enemy, said Sirajul Haque. "As the Pakistani soldiers entered the ambush, the freedom fighters opened fire. The surprise attack resulted in the deaths of six Pakistani soldiers, including an officer, and eight policemen, including a sub-inspector from Faridganj Police Station." The retreating Pakistani army encountered resistance from freedom fighters in several areas, including Shasiali, Kamalpur, and Patwari Bazar, leading to skirmishes, said Ajit Saha. "Some fleeing Pakistani soldiers hid in a house in Kamalpur. The freedom fighters surrounded the house and engaged in a fierce gun battle with the trapped soldiers. All the Pakistani soldiers were killed in the ensuing firefight, and Farooq, a freedom fighter, was injured." Other battles fought by Pathaan Bahini include the Battle of Thakur Bazar in Shahrasti in early May; the Battle of Ramchandrapur Kheyaghat in Balakhal, Hajiganj on May 17; the Battle of Naringpur in Shahrasti on July 15; the Battle of Hasnabad in Laksham, Cumilla on August 27-28; the Battle of Suchipara Kheyaghat on September 7; the attack on a Pakistani food convoy in Faridganj; and the Battle of Office Chitoshi on September 29. Additionally, the Pathaan Bahini fought against the Pakistani army on the Meghna River at Mohanpur, Matlab, in the first week of December. In October, Zahirul Haque Pathaan visited Kolkata, met with Sector 2 Commander Khaled Mosharraf, and provided a detailed report on the activities of his force. Following this meeting, Pathaan was appointed as the commander of the Chandpur-Madhumati sub-sector. Chandpur was liberated on December 8. Twenty-one days later, on December 29, the Pathaan Bahini surrendered their weapons at Chandpur Technical High School ground. Translated and edited from Bangla by Subrata Roy.Years behind schedule. Millions over budget. Inside WA’s big IT fix5g99 globe 。

INVESTORS in the Hong Kong initial public offering (IPO) of Chinese cosmetics firm Mao Geping Cosmetics received an early Christmas present on Dec 10 when the company made its trading debut – the shares rose as much as 92 per cent before closing the day 77 per cent higher. It was the best first-day performance in four years and a further sign that the three-year slump in IPOs on the Hong Kong stock market is finally over. As at Dec 8, 63 companies, mostly from the Chinese mainland, had listed on the Hong Kong Stock Exchange (HKEX) this year, according to a recent report from international accounting firm KPMG. They raised a combined HK$83 billion (S14.5 billion), 80 per cent more than in 2023, and pushing the exchange back up to fourth place in the global ranking for IPO fundraising. Of the total, HK$69 billion came in the second half of the year, driven by several sizeable deals, including the four largest IPOs in the past two years, the report said. It’s a welcome turnaround from 2023, when the city’s IPO market plunged to its worst showing in 20 years and only HK$46.3 billion was raised in total from 73 listings amid poor market sentiment. “It’s fair to say that market activity and sentiment have improved significantly compared with six months ago,” said Xu Wenjia, head of Greater China equity capital markets at law firm Linklaters LLP. According to forecasts by KPMG and its peer EY, IPOs in Hong Kong are set to recover further in 2025, with total fundraising projected to reach HK$100 billion to HK$120 billion, pushing the bourse back to its position among the top three global exchanges in terms of IPO fundraising. The turning point for what looked set to be another disappointing year came in September with the blockbuster IPO of home-appliance manufacturer Midea Group. The company, which listed in Shenzhen in 2013, raised HK$35.7 billion in the largest listing in Hong Kong in three years and the second-largest globally in 2024. Although the company is in a traditional consumer-focused industry rather than a hot emerging technology sector, demand massively outstripped the shares on offer in the IPO and as at Tuesday (Dec 24), the stock had climbed more than 40 per cent from its offer price of HK$54.80. Three more major IPOs took place in October and November, each raising more than HK$5 billion – China Resources Beverage, autonomous-driving tech firm Horizon Robotics, and delivery group SF Holding. This compares with 2023 when only one company, liquor-maker ZJLD Group, raised more than HK$5 billion. The rebound in the IPO market follows the implementation of a series of favourable policies issued by the HKEX, efforts by mainland regulators to bolster Hong Kong’s position as an international financial centre and support Chinese companies’ international expansion, and an improvement in market sentiment fuelled by a slew of stimulus measures unleashed in late September and early October by the Chinese government. This year saw the first three companies list under Chapter 18C of the exchange’s listing rules, a new IPO pathway introduced in March 2023 for money-losing specialist technology firms in fields such as next-generation information technology, advanced materials, new energy and new agricultural technology. Several other companies have submitted listing applications. Hong Kong’s special purpose acquisition company listing mechanism, introduced on Jan 1, 2022, also completed its first merger transaction in October this year. New regulations on overseas listings for mainland companies, implemented from Mar 31, 2023, were intended to make it easier for them to list in Hong Kong by standardising procedures, clarifying regulatory requirements, shifting to a filing-based regime from an approval-based regime, making the process more transparent. In April this year, the China Securities Regulatory Commission (CSRC) introduced five measures to enhance collaboration with Hong Kong’s capital markets, including boosting support for companies such as Midea and SF Holding to do their Hong Kong IPOs. The commission was reported to have held meetings in October with more than 10 international banks and law firms, urging them to help speed up the offshore listings of mainland companies which had already gained CSRC consent to create some “successful cases” of high-profile deals to bolster sentiment in the market. “Midea’s listing in Hong Kong gave everyone a very positive impression,” said Xu from Linklaters. “The company is in a traditional industry, has an overseas setup, and priced its Hong Kong IPO at a moderate discount to its A-shares, which generated a lot of interest.” Its success should encourage more firms, especially those with a record not only of stable and sustainable profitability but also of financial disclosure discipline honed by years of oversight from mainland regulators, Xu said. Midea’s listing has paved the way for a string of other IPOs from mainland companies. SF Holding listed in November, and in December, auto-driving systems maker Ningbo Joyson Electronic, pharmaceutical company Jiangsu Hengrui Pharmaceuticals, and condiment manufacturer Foshan Haitian Flavouring and Food, all announced plans to issue shares in Hong Kong. Sources have told Caixin that leading battery manufacturer Contemporary Amperex Technology and leading energy-drink company Eastroc Beverage are among others planning Hong Kong IPOs. Mining companies are also eyeing Hong Kong as a venue to raise money after years of silence, according to Frank Bi, head of corporate transactions practice in Asia at lawyers Ashurst. They are being seen from a new perspective – as upstream suppliers for new materials, new energy, and hard technology companies, he said. “Moreover, post-pandemic, as China’s Belt and Road Initiative progresses, mining companies are needed for infrastructure development, which will drive greater financing demand.” The slowdown in IPO activity on the mainland market has also prompted many companies originally intending to list on the Shanghai, Shenzhen or Beijing stock exchanges to switch to Hong Kong. Beijing 51World Digital Twin Technology, a specialty technology company, became the fifth company to file under Chapter 18C with the HKEX after unsuccessful attempts to list on the high-tech Star Market in Shanghai and the Beijing Stock Exchange for innovative small and medium-sized companies. Stricter oversight of applicants for mainland listings has reduced the number of companies in the queue from over 1,000 to about 300, according to Louis Lau, a partner of the capital markets advisory group at KPMG China. Many of these firms may switch to Hong Kong and become a significant source of IPOs for the city in future, he said. Companies currently in Hong Kong’s IPO pipeline include Jingdong Industrials, a supply-chain technology and service provider spun off from e-commerce giant JD.com, and transport and logistics firm Lalatech Holdings. The central government’s encouragement of mainland companies to list in Hong Kong has opened up a new financing platform for their global expansion, according to Kelvin Leung, managing director at Huatai Financial Holdings (Hong Kong). Midea, for example, plans to use 20 per cent of the proceeds of its IPO for global technology research and development and 35 per cent for boosting its global distribution channels and sales networks over the next five years. SF Holding’s chairman, Wang Wei, has said his company’s Hong Kong listing will be a platform to expand into international markets, while Mao Geping said 15 per cent of the funds it raised will be used for overseas expansion and acquisitions. Hong Kong is making even more changes to help mainland companies list on its bourse. In October, the Hong Kong Securities and Futures Commission and the exchange jointly announced plans to streamline the local listing approval process, including setting up a fast-track path for companies which are already trading on the mainland stock market that could cut the number of rounds of regulatory feedback to one and shorten the IPO evaluation process to just 30 working days. Edward Au, managing partner of the Deloitte China Southern Region, said that the collaboration between the two regulators to improve the approval process should help avoid repetitive inquiries to issuers and improve the overall pace of listings. CAIXIN GLOBALProspera Financial Services Inc Decreases Position in The Kraft Heinz Company (NASDAQ:KHC)

After Fresno Visit, Newsom Announces $24.7M Taxpayer-Funded Apprenticeship ProgramDUNKIRK, N.Y., Dec. 03, 2024 (GLOBE NEWSWIRE) -- On December 3, 2024, Lake Shore Savings Bank ("Bank”), the wholly-owned federal savings bank subsidiary of Lake Shore Bancorp, Inc. ("Company”) received termination notice of the Consent Order by the Office of the Comptroller of the Currency ("OCC”), the Bank's primary federal regulator. The Consent Order required the Bank to correct deficiencies related to information technology, security, automated clearing house, audit, management, and Bank Secrecy Act / Anti-Money Laundering. In addition to the termination of the Consent Order, the OCC terminated the "Troubled Condition” status. "Our primary goal has been remediation of the operational issues identified by our primary regulator,” stated Kim C. Liddell, President, CEO, and Director. "The early lifting of the Consent Order by the OCC reflects the significant and speedy progress our team made. I am proud of the team and their continued focus on serving our customers and communities.” About Lake Shore Lake Shore Bancorp, Inc. (NASDAQ Global Market: LSBK) is the mid-tier holding company of Lake Shore Savings Bank, a federally chartered, community-oriented financial institution headquartered in Dunkirk, New York. The Bank has ten full-service branch locations in Western New York, including four in Chautauqua County and six in Erie County. The Bank offers a broad range of retail and commercial lending and deposit services. The Company's common stock is traded on the NASDAQ Global Market as "LSBK”. Additional information about the Company is available at www.lakeshoresavings.com . Safe-Harbor This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are based on current expectations, estimates and projections about the Company's and the Bank's industry, and management's beliefs and assumptions. Words such as anticipates, expects, intends, plans, believes, estimates and variations of such words and expressions are intended to identify forward-looking statements. Such statements reflect management's current views of future events and operations. These forward-looking statements are based on information currently available to the Company as of the date of this release. It is important to note that these forward-looking statements are not guarantees of future performance and involve and are subject to significant risks, contingencies, and uncertainties, many of which are difficult to predict and are generally beyond our control including, but not limited to, compliance with the Written Agreement with the Federal Reserve Bank of Philadelphia, data loss or other security breaches, including a breach of our operational or security systems, policies or procedures, including cyber-attacks on us or on our third party vendors or service providers, economic conditions, the effect of changes in monetary and fiscal policy, inflation, unanticipated changes in our liquidity position, climate change, geopolitical conflicts, public health issues, increased unemployment, deterioration in the credit quality of the loan portfolio and/or the value of the collateral securing repayment of loans, reduction in the value of investment securities, the cost and ability to attract and retain key employees, regulatory or legal developments, tax policy changes, dividend policy changes, and our ability to implement and execute our business plan and strategy and expand our operations. These factors should be considered in evaluating forward looking statements and undue reliance should not be placed on such statements, as our financial performance could differ materially due to various risks or uncertainties. We do not undertake to publicly update or revise our forward-looking statements if future changes make it clear that any projected results expressed or implied therein will not be realized. Source: Lake Shore Bancorp, Inc. Category: Financial Investor Relations/Media Contact Kim C. Liddell President, CEO, and Director Lake Shore Bancorp, Inc. 31 East Fourth Street Dunkirk, New York 14048 (716) 366-4070 ext. 1012FAISALABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb said on Sunday that the elite class, enjoying luxurious lifestyle, would be brought into the tax net as more than 190,000 people had been evading tax net despite having more than one house and vehicles. He was talking to the media during a meeting with the local businesspeople, agriculture, dairy and poultry. He termed the taxes lifeline for any economy, saying we could not manage the country on borrowed money as the countries run on taxes and not on charity. He said that there were some discrepancies in the current taxation system. However, the government was already working to simplify it to tackle the tax-evasion issue. The tax system would also be made faceless and run without any human intervention for elimination of leakage and corruption up to the maximum extent, he added. He stressed the need for earning maximum foreign exchange by enhancing exports and termed it imperative to make Pakistan self-reliant and reduce dependency on imports and external financial aid. He said that the government was taking various steps to control double-digit interest rate with a vision to trim it down to single digit as it was imperative to flourish businesses. He said that the economic survival depends on surplus production and exports. He stressed the need for political unity and robust reforms in taxation and energy sectors put the country on the road to progress and prosperity. He suggested privatisation as a means to enhance transparency and productivity and said that the government had already started work for privatisation of various entities in greater national interest. Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );16 things our shopping editors waited all year until Black Friday to buy