TimerTask Scheduler Not working after static reference to other class object

I have a TimeTask class with reference to other class. Now, when I am creating the static reference to another class; its only executing the static block of that class and the main method of the timer task class is not executing;

I might be doing some sort of referencing mistake as in the IbftUtil.java class I tried to make things singleton by introducing that static block.

please help.

IbftUtil.java

static {
		
		try {
		
			/******************** Read Properties file.. ***************/ 
			
			LOGGER.println( LOG + " Loading properties file.." );
			
			InputStream inputStream = new FileInputStream( new File( FMS_PROPERTY_FILE ) );

 	 		fmsProperties = new Properties();
 	 		
 	 		fmsProperties.load( inputStream );
 			
 			LOGGER.println( LOG + " Properties Loaded Successfully" );

 			inputStream.close();
 			
 			LOGGER.println( LOG + " Reading properties values.. " );
 			
 			// Timer attributes..
 	 		delayTime = Long.parseLong( fmsProperties.getProperty ( IBFT_DELAY_TIME ) );
 	 		executionTime = Long.parseLong( fmsProperties.getProperty ( IBFT_EXECUTION_TIME ) );
 	 		
 	 		LOGGER.println( LOG + " IBFT DELAY & EXECUTION TIME = " + getDelayTime() + "," + getExecutionTime());
 	 		
 	 		// Key-store and certificate ..
 	 		ibftReceiverCertificate = fmsProperties.getProperty( IBFT_RECEIVER_CERTIFICATE );
 	 		ibftSenderKeyStore = fmsProperties.getProperty( IBFT_SENDER_KEY_STORE );
 	 		ibftKeyStoreAlias = fmsProperties.getProperty( IBFT_KEY_STORE_ALIAS );
 	 	
 	 		// Key store credentials..
 	 		ibftKeyStoreKey = fmsProperties.getProperty( IBFT_KEY_STORE_KEY );
 	 		ibftKeyStorePath = fmsProperties.getProperty( IBFT_KEY_STORE_PASS );
 	 		
 	 		// Copy file path..
 	 		ibftPaymentFiles = fmsProperties.getProperty( IBFT_PAYMENT_FILES );

 	 		LOGGER.println( LOG + " Properties values read successfully!.. " );
 	 		
 	 		/******************** Database Connection.. ********************/
 	 		
 	 		LOGGER.println( LOG + " Connecting to Database" ); 
			 
			connection = DatabaseConnection.getDatabaseConnection().getConnection( FMS_POST_SOURCE );
			connection.setAutoCommit( false );
			 
			LOGGER.println( LOG + " FMS Database Connected.." );
			 
			
		} catch ( Exception e ) {
			
			LOGGER.println( LOG + " Exception in Singleton block " + e );
			
		}
		
	}

TimerTask.java

class IbftFileTimerTask extends TimerTask implements IConstants {

	// Variables to hold to values returned from queries..
	private String fundBankId = EMPTY_STRING;
	private String fundId = EMPTY_STRING;
	private String fundBankAccountNo = EMPTY_STRING;
	private String productType = EMPTY_STRING;
	
	private String ibftDirectoryName = EMPTY_STRING;
	private String bankShortName = EMPTY_STRING;
	private String ibftCallingView = EMPTY_STRING;
	private String ibftFileName = EMPTY_STRING;
	private String amcShortName = EMPTY_STRING;
	private String cnicOrNtn = EMPTY_STRING;
	private String paymentRecordId = EMPTY_STRING;
	private String ibftDirectoryPath = EMPTY_STRING;

	// Variable for Hard-coded product type..
	private String fileProductType = EMPTY_STRING;
	
	// ArrayList for holding paymentRecords Processed..
	private ArrayList<String> paymentRecordIdList = null;
	
	// File Sequence counter for appending in file name..
	private int fileSequence = 0;
	
	// Class Object for Utility Class..
	private static IbftUtil util = new IbftUtil();
	
   /**
	* *******************************************************************************
	* 				    	EPM FILE ENCRYPTION - SCHEDULER
	* *******************************************************************************
	*/
	
	public void run() {

		LOGGER.println( LOG + " Time = " + util.getSystemDate() );

		LOGGER.println( LOG + " IBFT Payment Files timer starts.." );
		
		try {
			
			executor();
		} 
		
		catch (Exception e) {
			
			LOGGER.println( LOG + " Exception=" + e.getMessage() );
		}
		
		LOGGER.println( LOG + " IBFT Payment Files timer Ends.." );
	}

@SuppressWarnings("static-access")
	public static void main ( String[] args ) throws SQLException {

		LOGGER.println( LOG + " ---- IBFT TIMER TASK ---- " );

		// Instantiate Timer Object
		Timer time = new Timer(); 
		
    	// Class object
		IbftUtil util = new IbftUtil();
		
    	// Instantiate EPMTimerTask class
		IbftFileTimerTask ibft = new IbftFileTimerTask(); 
		
    	// Create Repetitively task for every 2 minutes
		time.schedule( ibft, util.delayTime, util.executionTime ); 

	}