The Paris Agreement on climate change is a decade old this month. While there has been progress – with new net zero pledges and new technological solutions, we are still grappling with the reality that global temperatures continue to soar. 2023 was the hottest year ever on record. This alarming trend poses grave consequences for […]

So, the worst has happened. American voters have apparently just elected the most chaotic and kleptocratic individual in their country’s political history as their president. (We say ‘apparently’, because these days nothing can be certain about the integrity of the US political or electoral system – as is the case with far too many other […]

"If Cumpio and Domequil who have voices to speak for being a journalist and a church worker respectfully are already being persecuted by weaponized laws, how can an ordinary Filipino seek justice for himself?"

A bill discussed at the House labour committee on Tuesday would change pensions given to widowers and see them brought in line with those given to widows. It was submitted by independent socialist MP Kostis Efstathiou. Akel MP and committee chair Andreas Kafkalias said the current division between widowers who receive a pension and those […]

Construction company Aktor (formerly Intrakat) is now seeking over €35 million in damages through the courts after the public works department terminated the contract with regarding the Paphos-Polis road project, according to its CEO Alexandros Exarchou, who spoke at an online press conference. “We are compelled to pursue our legal rights in Cyprus and, if […]

Wall Street firms are expected to pay heftier bonuses for this year, the first increase since a bumper year in 2021, according to a report by compensation consultancy Johnson Associates. Payouts will probably rise after financiers benefited from several factors in recent months: a recovery in dealmaking, the Federal Reserve cutting interest rates and equity […]

A 15-year-old was seriously injured while riding a moped overnight in the Famagusta district. According to the police, the accident happened around 9pm on Tuesday in Xylophagou, when a 35-year-old woman driving on Anastassi Manoli Street, under circumstances that are being investigated, ran over and injured the 15-year-old boy. The 15-year-old was initially taken by […]

Foreign Minister Constantinos Kombos met his Azeri counterpart on the sidelines of COP29, the first such contact from the state. Kombos had a bilateral meeting with Azeri Foreign Minister Jeyhun Bayramov, in Baku, Government Spokesman Konstantinos Letymbiotis posted on X. Letymbiotis said the two ministers had discussed issues of mutual interest in a frank exchange […]

Remarks by Masatsugu Asakawa, President, Asian Development Bank, at the 21st Annual Meeting of the Independent Accountability Mechanisms of Multilateral Banks and International Financial Institutions, 1 October 2024, ADB headquarters, Manila, Philippines

This infographic examines how extreme heat disproportionately impacts women in Asia and the Pacific, presenting data on health and economic vulnerabilities shaped by intersecting factors like age, hormonal influences, caregiving roles, and limited cooling access.

With ADB’s support, Azerbaijan is investing heavily in renewable energy to encourage sustainable growth and diversify the country’s energy supply.

To support e-commerce, public-private collaboration must prioritize closing the digital divide, supporting small businesses, and promoting environmental sustainability. Strengthening data governance, competition, and tax frameworks are also key to resilient and equitable e-commerce.

Building intellectual capacity and fostering learning partnerships enhance long-term capabilities in organizations and communities. Localized solutions rooted in indigenous knowledge and governance reforms empower societies to achieve resilient, sustainable development.

Overcoming poor market depth and liquidity is crucial for Asia's capital markets to grow and remain attractive to investors. A coordinated approach addressing regulatory frameworks, market infrastructure, and risk management is essential for building resilient, diverse, and efficient markets.

These charts illustrate that despite the broader adoption of disaster risk reduction strategies, escalating greenhouse gas emissions and intensified disaster impacts underscore the urgent need for more robust climate action and support across the region.

Asia and the Pacific is central to global climate change efforts, but robust capital markets are needed to mobilize private climate finance. Sustainable finance frameworks, transition finance, and carbon markets can build deeper markets that empower climate action.

Colorado Democrats looked set to maintain their supermajority in the state House as of Wednesday afternoon, though they fell short of reaching the same threshold in the Senate.

The mountain lion was considered a public threat and had activated a shelter-in-place order for nearby residents.

• Holds introductory meeting with finance minister
• Govt pledges to end gas supply to captive power plants by Jan
• Lender’s team to hold joint session with power and petroleum divisions today

ISLAMABAD: The International Monetary Fund (IMF) has sought a detailed, output-based update on Pakistan’s digitalisation plans for its revenue system, including the use of artificial intelligence to expand the tax base and increase collections.

On the energy side, the country has pledged to halt gas supply to captive power plants (CPPs) by January 2025, redirecting them to the national grid despite a strong pushback from influential rent-seeking industrialists. The IMF has firmly rejected any amendments to this programme benchmark.

The visiting IMF team, led by Pakistan’s mission chief Nathan Porter, held an introductory meeting on Tuesday with Finance Minister Muhammad Aurangzeb. Minister of State for Revenue Ali Pervez Malik, State Bank Governor Jameel Ahmad and Federal Board of Revenue (FBR) Chairman Rashid Mehmood Langrial were also present.

The mission is also holding separate technical sessions with all the stakeholders, including the FBR, power and petroleum divisions and the energy sector regulatory authorities. In all these engagements, the mission appeared to have not expressed its mind so far, except from raising exploratory questions, participants told Dawn.

It is not yet clear if the dialogue would lead to policy-level discussions that had been a critical part of IMF programmes’ quarterly reviews.

The current $7 billion Extended Fund Facility (EFF), however, has been designed in a manner that the IMF and Pakistan authorities should hold biannual review meetings for the disbursement of about $1bn instalments during each cycle.

The first formal review has to take place based on the end-December performance for Pakistan to qualify for disbursement for a second instalment of over $1bn by March 15, 2025.

Officials said the IMF mission has called for detailed explanations on the digitalisation of FBR’s processes for revenue collection, application of artificial intelligence for identifying and tracing tax evaders and their taxable incomes and businesses and involvement of specialised expert firms. They have also sought a complete update on the track-and-trace system.

In initial meetings, the FBR attributed recent revenue shortfalls — particularly in the first month of the second quarter — to the declining inflation.

The power sector’s performance appears to be within agreed limits concerning circular debt and current revenues.

Circular debt rose by about Rs70bn, below earlier estimates of Rs240-250bn. A circular debt management plan was approved only last week by the Economic Coordination Committee (ECC), led by the finance minister.

Sources said the government had been going back and forth over the disconnection of gas supply to inefficient captive power plants, belonging mostly to the textile sector, to utilise surplus capacity in the national power grid.

The industrialists have, however, now mustered support from gas companies. Some stakeholders are now pushing for the supply of imported LNG to CPPs at a weighted average cost of local and imported molecules on the premise that electricity connections were not available or were insufficient in certain areas.

The IMF mission is scheduled to have a joint session with the power and petroleum divisions on Wednesday (today) to discuss their interrelated issues, including circular debt, planned tariff adjustments, loss reduction programmes and recoveries.

Published in Dawn, November 13th, 2024

LAHORE: The Lahore High Court (LHC) has observed that a long-term policy is needed to control smog, directing the Punjab government to take actions beyond mere paperwork.

Hearing environment-related petitions on Tues­day, Justice Shahid Karim remarked that the federal government should also be roped in to address the issue that plagues Punjab.

Advocate General for Pu­n­jab (AGP) Khalid Ish­aq and provincial Secr­e­tary of Transport Depar­t­ment Ahmed Javed Qazi also appeared before the court.

The judge noted that the current approach of the government was insufficient, saying that if smog had appeared in Septem­ber this time, it might turn up in August next year.

Justice Karim remar­ked that a 10-year policy was needed to combat the menace of smog. He ack­now­ledged that the sitting government performed better than its predecessors but there was still more work to be done.

He also hailed the performance of Environment Protection Department Director General Imran Hamid Sheikh, urging other departments to follow suit. He noted that the transport sector caused 70 to 80pc of environmental pollution due to the use of smuggled low-grade fuel.

The judge insisted on considering the future of industries established within Lahore, citing the example of Beijing where all industries were moved outside the city. He said Beijing had proposed solutions but the Punjab government didn’t take them seriously.

The AGP replied that there were challenges in the execution of China’s suggestions on smog and the court would be apprised of the matter soon.

He further told the court that a policy to combat smog had been devised and a budget had also been allocated. From next year, he said, the citizens might be asked to avoid holding weddings from October to December.

However, the judge suggested that the government could impose restrictions on weddings, limiting them to one event instead of three, alongside a one-dish policy.

Justice Karim regretted that the government took actions only when the court became aware of environmental issues. He said major construction projects in Lahore might need to be halted to control the situation.

The judge remarked that even government-owned Speedo buses emit significant smoke, what to talk about the private transport. He expressed concerns, saying the current smog would persist until January.

“This is a wake-up call for the government. Planning for the next year must begin immediately,” Justice Karim observed, adding that the planning was the responsibility of the government and the court did not want to intervene.

The judge was of the view that solving the school buses issue alone could reduce pollution significantly.

Published in Dawn, November 13th, 2024

ISLAMABAD: The National Database and Registration Authority (Nadra) chief has told a National Assembly panel that the fees for identity cards will have to be increased if it opens up more offices.

In a briefing to the National Assembly’s Standing Committee on Interior on Tuesday, Nadra Chairman Lt General Munir Afsar said the authority has no office in 61 tehsils of Khyber Pakhtunkhwa and Balochistan.

The committee, which met for the second consecutive day with Raja Khurram Nawaz in the chair, was told that 26 National Registration Centres (NRCs) and three mega NRCs were currently operational in Karachi.

The authority is planning to open one more NRC and four mega NRCs in Karachi next year.

Chairman tells NA body six employees were sacked over data breaches

While talking about the security of Nadra’s infrastructure, Lt Gen Afsar said the agency monitors three to four hundred individuals daily to detect data leaks and unauthorised identity card issuances.

He said six Nadra employees, including a grade-19 officer, have been dismissed over their alleged involvement in a data breach.

The breach compromised the data of around 2.7 million citizens between 2019 and 2023.

A joint investigation team formed to probe the data leak in March submitted a report to the Interior Ministry revealing that Nadra officers in Karachi, Multan and Peshawar were involved in the data theft.

The NA committee was informed that Nadra had dismissed 202 hired and 60 officers during the last five years.

The authority’s revenue has increased from Rs23.55billion in 2019-20 to Rs57bn in 2023-24.

FIA DG briefs committee

The Federal Investigation Agency (FIA) director general, Ahmad Ishaque Jehangir, briefed the committee about human smuggling networks recently uncovered by his organisation.

He said smugglers in Lahore, Rawalpindi and Karachi lure people with the prospects of overseas employment.

He said the agency was probing the case further, and the investigation is expected to conclude in six to seven months as this is a cross-border crime, and additional information is required from law enforcement agencies in Romania.

An additional inspector general (AIG) of Punjab police briefed the participants on rape cases involving minors reported in the province over the past five years.

From 2020 to 2024, 8,306 such cases were registered, with 6,950 accused arrested. Of these, 299 were convicted, 1,736 acquitted, 1,088 discharged, and 3,827 cases were still under trial, the lawmakers were told.

The committee also discussed the new “Criminal Law (Amendment) Bill, 2024 and directed the ministry to include a clause permitting the filing of an FIR against Discos and employees responsible for overbilling.

The members said that electricity usage and theft slabs should be specified in the bill and that the proposed law should differentiate between residential, commercial, and industrial users.

Published in Dawn, November 13th, 2024

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The proposed Facility will finance five small-scale activities to support preparation and implementation of transformative projects. The activities will include feasibility studies, detailed designs, preparation of safeguard documents, financial and economic analysis and operation and maintenance for ensuing projects, as well as pilot-testing of advanced technologies and management approaches, extending capacity building and implementation support, governance reform support and knowledge products.

The proposed project will support the development of a 25.6 MW Tier-III/Rated 3, LEED Gold certified, green data center in Samut Prakan, Thailand. This financing will align with the Green Loan Principles and marks ADB's first data center financing, supporting Thailand's green growth and innovation agenda. The project aims to expand green data center capacity in Thailand, demonstrate the potential for green data centers, and support the digital economy while aligning with ADB's climate finance targets. This financing will align with the Green Loan Principles and marks ADB's first data center financing, supporting Thailand's green growth and innovation agenda. The project aims to expand green data center capacity in Thailand, demonstrate the potential for green data centers, and support the digital economy while aligning with ADB's climate finance targets.

This report shares insights on economic corridor development (ECD) from the 2023 Regional Cooperation and Integration (RCI) Conference, discussing how ECD can help diversify trade, cut costs, and support regional growth.

This paper examines how booms and busts in peer-to-peer (P2P) lending in the People’s Republic of China (PRC) affect monetary policy transmission to inflation and output.

1. Output 1: Quality of STEM education with support of technology improved.

The proposed program is a large-scale transformative and integrated initiative addressing the constraints. It aims to bridge the financing, capacity, institutional, and technical gaps in implementing the NAP and adaptation measures mentioned in the NDC and GRID while promoting mitigation, biodiversity, air pollution, and food security as co-benefits.

The graft involved in trying to bring the peregrine falcon, Hawaiian crow and California condor back from the brink in the US makes for compelling reading in Feather Trails by Sophie Osborn

Blackworms are ultra-fast swimmers, and they tangle up into worm balls to protect themselves from predators – but leeches have an ingenious method of catching them called “spiral entombment”

All living creatures use only the left or right-handed forms of certain molecules, and now we might understand why

From birds and bats to horses and great apes, Bill Schutt's seriously fun history of teeth, Bite, explains their role in both shaping evolution and our understanding of it