po Policy Environment and Regulatory Reforms for Private and Foreign Investment in Developing Countries: A Case of the Indian Power Sector By www.adb.org Published On :: To attract infrastructure investment to meet national goals for providing electricity to consumers, India needs continued macroeconomic stability as well as an improved policy and regulatory environment. Full Article Publications/Papers and Briefs
po Corporate Governance in the Republic of Korea and Its Implications for Firm Performance By www.adb.org Published On :: This paper is part of a cross-country study on corporate governance in Asia. A consensus has yet to be reached about exactly what factors were behind the crisis of 1998 and how these factors interacted in bringing about the crisis. Full Article Publications/Papers and Briefs
po Using ICT in Capacity Building for Poverty Reduction in Asia: Lessons Learned from the Microfinance Training of Trainers Course By www.adb.org Published On :: Research on ICT and capacity building for poverty reduction, focusing on lessons learned from a distant learning course in microfinance. Full Article Publications/Papers and Briefs
po Economic Challenges of Post-Tsunami Reconstruction in Sri Lanka By www.adb.org Published On :: Sri Lanka's post-tsunami reconstruction experience provides lessons for future major disasters, particularly for realistic needs assessment. Full Article Publications/Papers and Briefs
po Road Development and Poverty Reduction: The Case of Lao PDR By www.adb.org Published On :: Lack of access to good road networks is a major constraint on the incomes and welfare of the poor. Using household expenditure survey data for Lao PDR this paper models the causes of poverty and shows the impact on poverty levels of road improvements. Full Article Publications/Papers and Briefs
po India asks states to consider setting up nuclear power plants, list power utilities By www.dawn.com Published On :: Tue, 12 Nov 2024 23:17:07 +0500 India’s federal power minister on Tuesday asked the states that are away from coal resources to consider setting up nuclear-based power plants, besides identifying and listing the power utilities to meet investments to support growing power demand. The Indian government in its federal budget this year had proposed to partner with private players to develop small nuclear reactors to increase the amount of electricity from sources that do not produce carbon dioxide emissions. States should consider setting up nuclear power plants at the sites where coal-based thermal power plants have completed their life, Manohar Lal, the country’s power minister, told states as per a government statement. India’s stringent nuclear compensation laws have hampered talks with foreign power plant builders such as General Electric GE.N and Westinghouse. The country, which currently has about 8 gigawatts of nuclear capacity, aims to increase it to 20 GW by 2032. The minister also asked the states to identify and list their power utilities in the country’s stock exchange to meet increasing investment demand in the power sector as well as improve the transmission system to add more renewable capacity. India has pledged to achieve a net zero carbon emission target by 2070 and has a target of 500 GW of renewable energy by 2030. Full Article World
po Arrested facilitator of 2023 Peshawar Police Lines blast was ‘our own policeman’: KP IG By www.dawn.com Published On :: Tue, 12 Nov 2024 18:33:21 +0500 A suspect who was allegedly involved in the 2023 blast at Peshawar Police Lines mosque, that claimed 84 lives, was arrested a day earlier and has been identified as police constable Muhammad Wali, the Khyber Pakhtunkhwa Inspector General of Police (IG) Akhtar Hayat Khan Gandapur revealed in a press briefing on Tuesday. On Jan 30, 2023, a powerful explosion ripped through a mosque in Peshawar’s Red Zone area where between 300 and 400 people — mostly police officers — had gathered for prayers. The banned Tehreek-i-Taliban Pakistan (TTP) had claimed responsibility for the attack. It later distanced itself from the blast but sources earlier indicated that it might have been the handiwork of some local faction of the outlawed group. Addressing the press conference in Peshawar today, IG Gandapur said the “remaining missing link” was related to who had facilitated Qari, the alleged suicide bomber. “As a result of that effort, […] we arrested this person along with two suicide jackets from near Jameel Chowk on Peshawar’s Ring Road on 11/11, meaning yesterday,” the IG stated, referring to the facilitator. “Based on the interrogation, it was deduced that the facilitator was our own policeman,” who he identified as Muhammad Wali. “The suspect operated in line with the order of the banned organisation Jamaatul Ahrar and has received Rs200,000 through the hundi-hawala system,” KP IG said, adding that the policeman also received Rs40,000 to Rs50,000 from the banned group per month. “He received Rs200,000 which cost the lives of hundreds of people who were martyred. He sold his [own] brothers for this,” the IG added. The top cop further revealed that the suspect dropped off the suicide bomber at the Pir Zakori bridge. “After the blast occurred, he contacted his handler named Junaid and informed him about the success of the operation via Telegram,” he stated. While the police already knew that Jamaatul Ahrar was involved in the blast, the suspect was the “missing link” who acted as a local facilitator. The police inspector general said that Muhammad Wali was also involved in other incidents. In Feb 2024, the suspect handed a pistol to a person from Jamaatul Ahrar named Saifullah in Lahore to target a member of the Ahmadiyya community, the KP IG said. He targeted a priest at Peshawar’s Jameel Chowk in Jan 2022, he added. According to Gandapur, social media played a key role in such incidents, adding that “Fitna al Khawarij and other extremist organisations use social media to brainwash and radicalise people”. In July, the government, through an official notification, designated the TTP as Fitna al Khawarij, while mandating all institutions to use the term khariji (outcast) when referring to the perpetrators of terrorist attacks on Pakistan. Then-KP IG Moazzam Jah Ansari had said in February last year that the suicide bomber was “clad in a police uniform”. He had said that technical evidence and information collected suggested that the blast was the work of TTP’s Jamaatul Ahrar faction. In March 2023, the KP Counter-Terrorism Department (CTD) said the mastermind and the handler of the suicide bomber had been traced, stating that both of them were Afghan nationals. Then-CTD chief Shaukat Abbas said the suicide bomber was identified only by his alias “Qari” and his handler was identified as Ghaffar aka Salma. He had further confirmed that the attack was carried out by Jamaatul Ahrar. Full Article Pakistan
po LHC seeks long-term policy to control smog By www.dawn.com Published On :: Wed, 13 Nov 2024 07:33:30 +0500 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 Full Article Pakistan
po Minimum retail price at import stage to make ‘cuppa’ costlier By www.dawn.com Published On :: Wed, 13 Nov 2024 11:19:17 +0500 KARACHI: The Federal Board of Revenue’s (FBR) decision to fix the minimum retail price (MRP) of tea at Rs1,200 per kg for levying sales tax would make the commodity more expensive, warned traders on Tuesday. Pakistan Tea Association (PTA) Chairman Mohammad Altaf said the MRP at the import stage would have an adverse impact of Rs150-300 per kg on imported tea prices. The flat MRP also ignores global tea prices hovering between 0.50 cents to over $3 per kg. Tea is imported in different packaging, with bulk shipments typically weighing more than 5kgs and around/approximately 80kgs. An 18 per cent general sales tax is already charged based on the imported tea. He said before fixing the MRP for sales tax purposes, it is crucial to consider that the definition of “manufacturer” in Section 2(16) of the Sales Tax Act 1990, includes activities such as blending, mixing, processing, and packaging, as clarified in Circular No. 3(11) ST-L&P/2013-94433-R dated July 17, 2019. Based on this, tea imported for these processes qualifies as “raw material”. Tea sellers warn FBR move will incentivise arrival of low-quality product via illegal channels “According to judicial interpretations (e.g., CTO v. Rajasthan Taxchem Ltd., 2007) and definitions in Advanced Law Lexicon, “raw material” includes ingredients necessary for manufacturing. Tea used in blending and packaging clearly falls under this category, he added. Accordingly, sales tax should be based on the import value, as per Subsection 46(f) of Section 2 of the Sales Tax Act, 1990, rather than the minimum retail price, Altaf said. Tea retail prices vary significantly due to numerous factors, including the company, method of sale (open or packaged), product quality, and regional differences. The PTA chief said that the flat MRP rate per kg also does not reflect the prices charged by most traders, manufacturers, and sellers. The imposition of a flat rate per kg would have severe negative consequences for a large portion of the tea trade, which may result in reduced business activity and ultimately lead to a loss of revenue for the national exchequer via misusing several exemptions. Two-thirds of Pakistanis purchase tea at Rs700-950 per kg, reflecting socio-economic and regional price variations. He said that MRP cannot be applied at the import stage as the tea has to follow various value-addition procedures before it is made shelf-ready. “This MRP disrupts the supply chain and eradicates the role of wholesalers and distributors who play a vital role in the business, while MRP at the import stage also eradicates the basic right of commercial imports,” the PTA chief observed. Tea is a part of our daily diet, a staple food item, not a drink. Most people in rural and urban areas consume tea as per their earnings. Further fixing of MRP will incentivise unscrupulous elements to exploit the situation, and thus, import of low-priced teas will find its way through illegal channels, Altaf feared. Published in Dawn, November 13th, 2024 Full Article Business
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