it Asian Development Blog: Why Nations Succeed: Three Ways to Enhance Capacity for Resilient Development By www.adb.org Published On :: 2024-10-18 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. Full Article
it Development Asia: Build Together, Benefit Together: Seoul’s Approach to Urban Development By www.adb.org Published On :: 2024-10-21 Cities are engines of economic growth, generating over 80% of the global gross domestic product. As centers of innovation and technological development, they play a crucial role in creating jobs, driving commerce, and providing social services. Full Article
it Development Asia: How Cities Can Combat Extreme Heat Using Nature-Based Solutions By www.adb.org Published On :: 2024-10-30 Extreme heat is an invisible but increasingly tangible climate risk. It varies by time and place and has wide-reaching but unequal impacts, particularly to women and vulnerable people. As global temperatures rise, extreme heat events (heat waves) are becoming more frequent and severe. Full Article
it Asian Development Blog: How to Build Deep and Liquid Capital Markets in Asia and the Pacific By www.adb.org Published On :: 2024-10-31 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. Full Article
it Asian Development Blog: Empowering Women with Disabilities: Key Actions for Inclusive Sports in the Pacific By www.adb.org Published On :: 2024-11-04 Inclusive sports can empower women with disabilities, and foster accessibility, social integration, and gender equality in the Pacific. Recent Paralympic milestones and policy examples illustrate the ongoing need for supportive infrastructures and greater representation to create equitable opportunities in sports. Full Article
it Asian Development Blog: Three Ways Capital Markets Can Accelerate Climate Finance in Asia and the Pacific By www.adb.org Published On :: 2024-11-13 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. Full Article
it Proposition 131: Colorado voters reject ranked-choice voting, election overhaul By www.denverpost.com Published On :: Tue, 05 Nov 2024 22:00:17 +0000 Colorado voters on Tuesday rejected Proposition 131, which would have upended the way elections are conducted in the state and moved the state to a ranked-choice voting system. Full Article Election Latest Headlines National News News Politics election Election 2024 elections Kent Thiry National Politics
it Colorado Proposition KK to create an excise tax on firearms and ammunition passes By www.denverpost.com Published On :: Tue, 05 Nov 2024 22:00:23 +0000 Prop. KK will create an excise tax on firearms and ammunition, primarily to pay for victim services. Full Article Election Latest Headlines National News News Politics Election 2024 guns National Politics
it Colorado voters reject Proposition 127 ban on hunting of mountain lions, bobcats By www.denverpost.com Published On :: Tue, 05 Nov 2024 22:00:33 +0000 Coloradans have rejected a proposed ban on mountain lion and bobcat hunting -- a hit for wildlife advocates who have worked to outlaw or change the practice for years. Full Article Election Latest Headlines National News News Politics bobcats Colorado Parks and Wildlife Election 2024 Election Night Links hunting mountain lion mountain lions National Politics wildlife
it Amendment J: Removing ban on same-sex marriage from Colorado Constitution up in early voting By www.denverpost.com Published On :: Tue, 05 Nov 2024 22:00:36 +0000 Colorado voters will decide whether to repeal the state constitution's now-defunct marriage definition that only recognizes unions between a man and a woman. Full Article Election Latest Headlines National News News Politics election Election 2024 gay marriage LGBTQ National Politics same-sex marriage U.S. Supreme Court
it Colorado Democrats set to keep House supermajority, miss threshold in Senate By www.denverpost.com Published On :: Tue, 05 Nov 2024 22:48:15 +0000 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. Full Article Election Latest Headlines National News News Politics Colorado Politics Democrats Election 2024 National Politics Republicans state legislature
it Here are the people Trump has picked for key positions so far By www.denverpost.com Published On :: Tue, 12 Nov 2024 16:31:34 +0000 President-elect Donald Trump is starting to fill key posts in his second administration. Full Article Latest Headlines National News News Politics Donald Trump Elise Stefanik National Politics Stephen Miller
it CSU Rams in unfamiliar territory heading into Border War By www.denverpost.com Published On :: Tue, 12 Nov 2024 23:56:53 +0000 Even though the Colorado State football team has already checked a couple of boxes off its to-do list for this season, the stakes are still as high as ever for Friday night's Border War game against Wyoming. Full Article College Sports Sports csu rams
it Broncos OLB Nik Bonitto has transformed into pass rushing star in Year 3: “He’s certainly made the leap” By www.denverpost.com Published On :: Wed, 13 Nov 2024 01:16:29 +0000 Nik Bonitto's production has steadily increased since being taken in the second round out of Oklahoma in the 2022 draft by the Denver Broncos. Full Article Denver Broncos Latest Headlines NFL Sports More Broncos News Nik Bonitto Sean Payton
it City Council approves Denver’s $4.4 billion 2025 budget By www.denverpost.com Published On :: Wed, 13 Nov 2024 02:28:12 +0000 The 2025 budget is the city's most conservative when it comes to spending growth in any year not impacted by the COVID-19 pandemic since 2011. Full Article Latest Headlines Politics affordable housing budget Denver City Council Denver Politics eviction Mike Johnston
it Sharing the Fruit of Forestry Products: Indigenous People and Their Incomes in the Forestry Sector in East Kalimantan, Indonesia By www.adb.org Published On :: This study examines the impact of economic development in forestry on the indigenous people who have traditionally lived in and obtained their livelihood from the forest. It takes villages in East Kalimantan, Indonesia, as a case study. Full Article Publications/Papers and Briefs
it People's Republic of China's Competitive Threat to Latin America: An Analysis for 1990-2002 By www.adb.org Published On :: How have Latin American exporters been affected by the rapid increase in the PRC's exports to the USA and other large markets? Are PRC and Latin American exports complementary or competitive with each other? Full Article Publications/Papers and Briefs
it Does Exporting Raise Productivity? Evidence from Korean Microdata By www.adb.org Published On :: Does competition enhance productivity growth of a developing economy? Is global competition conducive to economic development? Answers as evidenced from Korean microdata. Full Article Publications/Papers and Briefs
it Managing Capital Flows: The Case of Singapore By www.adb.org Published On :: Case study on Singapore explains the country's resilience to swings in capital flows. Full Article Publications/Papers and Briefs
it Integrated Financial Supervision: An Institutional Perspective for the Philippines By www.adb.org Published On :: Philippine institutions and governance structures must be strengthened as part of any effort to reform the country's financial supervisory structure. Full Article Publications/Papers and Briefs
it Dealing with Dollarization: What Options for the Transitional Economies of Southeast Asia? By www.adb.org Published On :: What should the transitional economies of Southeast Asia do, if anything, to address their multiple currency situations? Full Article Publications/Papers and Briefs
it Managing Capital Flows: The Case of the Republic of Korea By www.adb.org Published On :: In a case study on Korea, a VAR model is used to investigate the effects of capital flows on asset prices. Full Article Publications/Papers and Briefs
it Dollarization and the Multiple Currency Phenomenon in Lao PDR: Costs, Benefits and Policy Options By www.adb.org Published On :: This paper examines the costs and benefits of the multiple currency phenomenon in Lao PDR and considers options in terms of policy response. Full Article Publications/Papers and Briefs
it Governance, Competitiveness, and Growth: The Challenges for Bangladesh By www.adb.org Published On :: Different governance dimensions in Bangladesh are significantly and positively related to its economic development, however, the quality of governance has remained low. Full Article Publications/Papers and Briefs
it Technology and Indonesia's Industrial Competitiveness By www.adb.org Published On :: This paper examines the technological capability of Indonesian industry. Full Article Publications/Papers and Briefs
it People's Republic of China and Its Neighbors: Partners or Competitors for Trade and Investment? By www.adb.org Published On :: How has the recent dramatic growth of PRC's exports affected its neighbors? Have they lost export markets and seen foreign investment diverted to PRC? This paper surveys the empirical evidence on these important questions. Full Article Publications/Papers and Briefs
it 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
it The Trend of Regional Income Disparity in the People's Republic of China By www.adb.org Published On :: Regional disparities within and among Chinese provinces have declined, but are still a serious problem. Full Article Publications/Papers and Briefs
it 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
it 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
it 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
it Punjab govt orders closure of all schools as province tackles hazardous air quality By www.dawn.com Published On :: Tue, 12 Nov 2024 20:00:36 +0500 The government of Punjab on Tuesday — expanding on its previous order — closed all the educational institutions up to the higher secondary level in the province from tomorrow until the end of the week, shifting them to an online mode, as the province tackles the hazardous smog situation prevalent for the past few weeks. The recent smog situation was declared a “calamity” in Punjab last month. Schools have been closed in the province’s main divisions — Lahore, Gujranwala, Faisalabad and Multan — until November 17 in a bid to lower children’s exposure to pollution. Separately, the public has been barred from entering public parks, zoos, playgrounds, and museums until November 17 to reduce public exposure to smog. A day ago, the United Nations Children’s Fund (Unicef) representative in Pakistan called for urgent and greater efforts to reduce air pollution, noting that over 11 million children under five years of age were exposed to smog in the worst affected districts of Punjab. The province’s Environmental Protection Agency (EPA) said in a notification issued today, a copy of which is available with Dawn.com that “All the educational institutions […] up to higher secondary level shall remain closed and will shift to online mode with effect from Nov 13 within […] DG Khan, Bahawalpur, Sahiwal, Sargodha and Rawalpindi divisions […] till Nov 17.” Punjab Education Minister Rana Sikandar Hayat also announced the closure of schools during a press conference today, saying that the “decision was made in light of the complaints received from the district.” “This drastic decision had to be taken to protect children from the deadly effects,” he said, “There is a sense of educational loss, but the decision to close educational institutions is being taken out of compulsion. “In view of the difficulties in online teaching, an alternative strategy is being quickly brought in,” the minister added. He also appealed to the public to cooperate and do what was in their capacity to help the government deal with this issue. 50pc of govt offices to work online Separately, all government offices were ordered to shift half of their workforce to online mode to reduce traffic load on roads to prevent the worsening of the smog situation due to vehicular emissions. “The physical presence of human resource(s) of offices in your jurisdiction may kindly be reduced to 50pc by shifting them to online mode/work from home,” the EPA said in a separate notification issued today. In the order issued on Tuesday, which is seen by Dawn.com, the Punjab EPA directed all the administrative secretaries, as well as heads of attached departments and semi-government/autonomous bodies, to reduce the physical presence of human resources by 50 per cent. According to the notification, the situation was likely to prevail for a few weeks, adding that local pollution contributing factors, especially vehicular emissions, may further exacerbate the conditions. “Hence, the situation warrants to specify safeguards to reduce the number of vehicles on roads in order to control air pollution, through preparation and implementation of contingency plans,” the notification said. The EPA also called for inter-departmental meetings to be convened in an online mode unless the physical presence of participants was “extremely necessary”. Bad-quality air aggravating pulmonary diseases: doctor Speaking to Dawn.com, a pulmonologist at Multan’s Nishtar Hospital, Dr Nasir Javed, said that asthmatic patients, who were earlier stable, are now facing chronic health conditions due to the smog. “[Due to the smog], asthma patients would start feeling inflation in their airways and it would become difficult for them to breathe smoothly,” he said. “Even medicines have stopped working properly to cure the problem.” He further added that asthmatics and chronic smokers with chronic obstructive pulmonary disease (COPD) were at greater risk and were visiting the hospitals with exacerbation of their diseases. “Air-Quality Index is directly proportional to the symptoms/ severity which one can suffer,” he said. “Limited outdoor activity and hydration are the mainstays to avoiding respiratory issues as antibiotics were of no use.” Smog to persist in major cities as weather conditions worsen: NDMA Meanwhile, the National Disaster Management Authority (NDMA), in an advisory issued today, said that the smog situation was expected to persist across the urban centres in Punjab and Khyber Pakhtunkhwa throughout November and December due to high humidity, low wind speeds, and upper atmospheric pressure. According to the advisory, as reported by the Associated Press of Pakistan (APP) the cities most likely to be affected by the worsening smog situation include Lahore, Faisalabad, Multan, Bahawalpur, Peshawar, Mardan, and Nowshera. “The advisory highlights the rising smog levels in the affected areas, driven by the current weather conditions, and advises residents to avoid prolonged outdoor exposure and adopt protective measures to safeguard their health,” the *APP report said. “[…] The National Emergency Operation Centre has been monitoring the current smog situation in Pakistan and surrounding regions. According to the advisory, the team has access to advanced ground-based and space-based monitoring tools, enabling the analysis and projection of pollution emissions from various sources, including industry, transportation, and agriculture. Precautionary measures The NDMA advisory recommended the public adopt several measures to mitigate the effects of smog, such as avoiding unnecessary outdoor exposure during peak smog hours, especially in the morning, and wearing masks during outdoor activities, according to the APP. “Staying hydrated, using dehumidifiers and air purifiers to improve indoor air quality, and adopting efficient transportation methods—like carpooling and eco-friendly driving, along with using COx and NOx filters—are also advised,” it said. Full Article Pakistan
it Nations to submit boosted climate plans at COP29: What’s at stake? By www.dawn.com Published On :: Wed, 13 Nov 2024 08:22:28 +0500 Nations have begun setting carbon-cutting targets for the decade ahead, and how ambitious these pledges are could make or break global efforts to avoid dangerous levels of climate change. Nearly 200 countries are supposed to publish updated climate plans by early February, but so far only three have done so. On Wednesday, the UK became the latest, announcing during the COP29 climate summit in Azerbaijan that it would raise its target to cut greenhouse gas emissions. All eyes will be on other big polluters like China, India, and the United States, though future US climate action is unclear following Donald Trump’s election. Why do they matter? The world has agreed to try and limit global warming to 1.5 degrees Celsius above pre-industrial levels, but is nowhere near on track. Above this threshold, scientists say humanity risks disastrous consequences from volatile weather to major ecological “tipping points” at land and sea. Last month, the United Nations warned that even if all existing plans are implemented in full, temperatures would rise 2.6°C by the century’s end, a catastrophic outcome. The UN says the next round of climate plans must show a “quantum leap” in ambition to avert the worst. The G20 — which accounts for 77 per cent of total greenhouse gas emissions — is under particular pressure to step up. Early movers Just before COP29 opened in Azerbaijan, the United Arab Emirates announced a 47pc reduction in emissions by 2035 compared with 2019 in its updated climate plan. Observers said the roadmap failed to account for exported emissions —including those from its sales of crude oil abroad. Next year’s UN climate host, Brazil, has partly unveiled its plan, increasing its emissions reduction target from a 59pc cut by 2035, from 2005 levels, to a 67pc reduction. It is expected to unveil a more complete plan during COP29. Plans from other major emitters, like the European Union and China, are not expected until next year. And the current US government could soon outline Washington’s new pledge, despite questions over Trump following through once in office. David Waskow, of the World Resources Institute, said it would help guide American cities, states and businesses wishing to continue climate action under Trump. “It also sends an important signal internationally, a set of benchmarks for what the US ought to do,” he added. What do countries need to do? By signing the Paris accord, nearly 200 nations agreed to halt rising temperatures “well below 2°C” and strive for the safer goal of 1.5°C. But it did not prescribe how to get there. The deal left it up to countries to voluntarily chart their own plans and targets, known as Nationally Determined Contributions (NDCs). These include emission reduction targets and measures to achieve them, such as rolling out renewable energy, electrifying transport, and ending deforestation. There is no set template for countries to follow but richer countries —historically the largest emitters — have a responsibility to pledge the deepest emission cuts. The plans must be reviewed every five years, with each update supposed to be more ambitious than the last. This time around countries are expected to improve their 2030 targets and outline economy-wide action they will take to 2035. What’s the aim? An agreement at last year’s COP28 climate summit “encouraged” countries to come forward with plans aligned with halting warming to 1.5°C. To have a hope of meeting that goal, emissions must be slashed 42pc by 2030 and 57pc by 2035, the UN’s Environment Programme said last month. Currently, however, emissions are continuing to rise. Keeping 1.5°C on track would require a collective effort “only ever seen following a global conflict”, it added. Without pulling together “on a scale and pace never seen before… the 1.5°C goal will soon be dead,” said UNEP executive director Inger Andersen. The big moment for assessing progress towards the 1.5°C goal comes at a crunch COP30 climate summit in Brazil next year. What about fossil fuels? Scientists and the International Energy Agency have said that developing new fossil fuel projects is incompatible with halting warming to 1.5°C. But many fossil fuel-producing countries argue that new oil and gas projects will be needed as the world transitions to net zero emissions. Countries are under pressure to outline in their updated plans how they intend to reduce their reliance on fossil fuels, something all nations agreed on at last year’s COP. Header image: This picture taken on November 12 shows a wind turbine at the lignite-fired power station operated by German energy giant RWE near Neurath, western Germany. — AFP Full Article World
it United stance By www.dawn.com Published On :: Wed, 13 Nov 2024 09:10:40 +0500 BEYOND rhetoric, unity is rare within the Muslim world. Yet it was reassuring to see Muslim states speak with one voice at the extraordinary OIC-Arab League summit in Riyadh on Monday, specifically concerning the genocidal wars that Israel has unleashed in Palestine and Lebanon. Although it would have been better if the Muslim bloc had announced practical measures to punish Israel and its supporters for their murder of tens of thousands of Palestinian and Lebanese civilians, in the current circumstances, even coming together on one platform to denounce the genocidal violence is an achievement. Saudi Crown Prince Mohammed bin Salman vowed to stand by “our brothers in Palestine and Lebanon”, while warning Israel to respect Iran’s sovereignty. In view of the acrimony that has often marked ties between the kingdom and the Islamic republic, this show of solidarity is creditable. Prime Minister Shehbaz Sharif sought an arms embargo against Israel; indeed, such an embargo, as well as Muslim states’ freezing of economic and diplomatic ties with Israel, should have happened as soon as Tel Aviv began its butchery in Gaza. The summit also reiterated the need for Israel to vacate all occupied Arab land, including the held Palestinian territories and the Golan Heights. As the Muslim-Arab bloc was pledging solidarity with Palestine in Riyadh, the Israelis were busy pouring cold water over any prospect of a sovereign Palestinian state. The new Israeli foreign minister said that statehood was not a “realistic” position, while Tel Aviv’s extremist finance minister has asserted that plans are ready to annex the occupied West Bank. This is a clear message that the Israelis are not ready for peace and Tel Aviv’s bloodthirsty, expansionist policies will continue. Moreover, Donald Trump is assembling a mortifying line-up of pro-Israel, anti-Iran hawks to head positions in the UN and the State Department. It is safe to say that peace-making will not be a priority, unless this ‘peace’ entails total capitulation of the Arab side. Exactly 50 years ago, Yasser Arafat told the world while speaking at the UN that he held forth an olive branch as well as a freedom fighter’s gun. “Do not let the olive branch fall from my hand,” Arafat warned. Sadly, in their arrogance, the Israelis have effectively cut off the hand holding the olive branch, which has left the Palestinians clasping only a gun. What occurred on Oct 7, 2023, was the result of the Israelis repeatedly dismissing the olive branch. Today, Gaza is a massive graveyard, Lebanon is on fire and the entire Middle East is on the brink of a conflagration. The only solution is for Israel to stop its slaughter, and recognise the reality that Palestine cannot be erased. Published in Dawn, November 13th, 2024 Full Article Newspaper
it A summit to nowhere By www.dawn.com Published On :: Wed, 13 Nov 2024 09:36:37 +0500 AFTER silently watching Israel’s genocidal war in Gaza for the past one year, the leaders of the Arab and Muslim countries have once more met in Riyadh to discuss the escalating conflict. The so-called international alliance conceived by Saudi Arabia, with its aim of pressing for the establishment of a Palestinian state, failed to formulate a concrete plan of action to stop the Israeli invasion that has been extended to Lebanon. Interestingly, the resolution issued at the conclusion of the joint summit of the Organisation of Islamic Cooperation and Arab League is restricted to the usual condemnation of Israeli aggression. It doesn’t even plainly describe the ongoing Israeli military action in Gaza, which has killed more than 43,000 people, mostly women and children, as a genocide. There is no suggestion to sever the diplomatic and trade ties with Israel that some of these countries continue to have, despite the war crimes being committed by the Zionist forces. With the complete blockade of the Gaza Strip, more than a million people face death by starvation and disease. Mere condemnation cannot stop Israel’s genocidal war. It is nothing short of a betrayal of the hapless people of Palestine. In fact, the inaction of the Muslim world has given impunity to the Zionist state, which is now threatening to annihilate the entire occupied territory. The latest summit was held a year after a similar gathering in Riyadh. Then, too, the leaders had merely condemned the Israeli military action in Gaza. They could not agree on even a minimum plan of action to stop Israeli atrocities. The OIC-Arab League resolution does not go beyond the usual condemnation of Israel. They did not even leverage their oil and economic capabilities to apply pressure on countries supplying arms to Israel to stop the war. One year of war crimes doesn’t seem to have brought any change in their position, which can be described as capitulation. The resolution is as toothless as the previous one. The most shocking part of the resolution is the decision “to affirm support and express appreciation for the tireless efforts made by the Arab Republic of Egypt and the State of Qatar in cooperation with the United States of America to achieve an immediate and permanent ceasefire in the Gaza Strip… “. It couldn’t get more outrageous given that the ongoing genocide in Gaza is essentially supported by the US. It is massive American military aid that has helped Israel sustain its war. Notwithstanding the occasional rebuke by US officials, there has never been any real American pressure on Israel to implement a ceasefire. In fact, the Biden administration has repeatedly vetoed resolutions in the UN calling for one. Some of the Arab rulers are believed to have tacitly supported what Israel has described as its war against Hamas. Moreover, America has its bases in Arab countries, and concerns have been raised that they could have supplied Israel with weapons to kill Palestinians. These countries have not prohibited the use of these bases. Significantly, the latest summit took place soon after Donald Trump’s victory, which has been hailed by some member countries, prompting observers to conclude that it was meant to send a message to the incoming US administration. It seems that the ‘international alliance’ is now pinning its hopes on the incoming Trump administration to get Israel to agree to a ceasefire and accept the creation of a Palestinian state. For instance, while addressing a Council of Foreign Ministers preparatory meeting a day before the summit, Pakistan’s Foreign Minister Ishaq Dar expressed the hope that the incoming US administration would “lend its weight to reinvigorate efforts for peace in the Middle East”. His remarks show his utter ignorance about Trump’s hard-line approach to the Middle East conflict. Such expectations from the president-elect, who is considered even more pro-Israel than the outgoing Biden administration, are unrealistic. During his election campaign, Trump had called on Israel to finish the offensive and “get the job done”. He has stated that he would “defend our friend and ally in the State of Israel like nobody has ever”. How can one forget that in his previous term he shifted the American embassy to occupied Jerusalem? The move defied Washington’s earlier position of not recognising one of the most sacred of Islam’s holy places as Israel’s capital. In his previous term, Trump had also endorsed Israeli settlements in occupied West Bank, which are illegal under international law. Under the so-called Abraham Accords, he oversaw the establishment of diplomatic relations between Israel, the UAE, Bahrain, and Morocco. Although Saudi Arabia did not enter into such an agreement, it did indicate its willingness to recognise Israel in return for security and economic benefits, though insisting there would be no diplomatic ties without a Palestinian state. Some analysts believe that the Riyadh summit has sent a clear signal to the incoming Trump administration that it can rely on the kingdom as a strong partner in extending American interests in the region. The summit has pushed for greater American leverage in bringing the war to an end. But it is very clear that the incoming Trump administration will not push for the establishment of a Palestinian state as envisaged by the ‘international alliance’. There has been no mention of the two-state solution in his recent statements on the Middle East conflict. Since winning the election, Trump has spoken to the Israeli prime minister more than once. Therefore, it’s not surprising to see the right-wing Israeli government harden its position after Trump’s election. In a recent statement, Israeli Foreign Minister Gideon Sa’ar opposed the establishment of a Palestinian state, saying it was “unrealistic”. Surely the inaction of the Arab and Muslim countries has made things worse for the Palestinians. The joint resolution indicates that these countries do not have any intention of using their leverage to put pressure on Israel and its allies to end the war. The writer is an author and journalist. zhussain100@yahoo.com X: @hidhussain Published in Dawn, November 13th, 2024 Full Article Newspaper
it Beijing pushes to join security efforts for citizens in Pakistan, sources say By www.dawn.com Published On :: Tue, 12 Nov 2024 22:28:16 +0500 Beijing is pushing Pakistan to allow its own security staff to provide protection to thousands of Chinese citizens working in Pakistan during talks, after a car bombing near Karachi’s airport that was seen as a major security breach, sources said. Last month’s airport bombing that killed two Chinese engineers returning to work on a project after a holiday in Thailand was the latest in a string of attacks on Beijing’s interests in Pakistan. The attacks have angered China, which has pushed Pakistan to begin formal negotiations for a joint security management system. Reuters spoke to five Pakistani security and government sources with direct knowledge of the previously unreported negotiations and demands on condition of anonymity, as the talks are sensitive, and reviewed a written proposal sent by Beijing to Islamabad. “They (Chinese) want to bring in their own security,” said one official, who sat in on a recent meeting, adding that Pakistan had not so far agreed to such a step. According to the official, a written proposal sent to Islamabad by Beijing, and forwarded to Pakistani agencies for review, mentioned a clause allowing the dispatching of security agencies and military forces into each others’ territory to assist in counter-terrorism missions and conduct joint strikes. The dispatching would be done after discussions, but Pakistan was averse to the proposal, one official said. Neither Beijing nor Islamabad confirmed the talks officially. Dawn.com has also reached out to the Foreign Office for a comment. The source, and two other officials, said there was a consensus on setting up a joint security management system, and that Pakistan was amenable to Chinese officials sitting in on security meetings and co-ordination. But there was no agreement on their participating in security arrangements on the ground. The first official said Pakistan had asked China for help in improving its intelligence and surveillance capabilities instead of direct involvement. A spokesman for China’s foreign ministry told Reuters it was not familiar with talks on a joint security scheme, but added, “China will continue to strengthen co-operation with Pakistan and make joint efforts to do its utmost to maintain the security of Chinese personnel, projects and institutions.” Inter-Services Public Relations (ISPR), the military’s media wing, declined to comment to Reuters while the interior and planning ministries did not respond to repeated requests for comment. In a statement last week, Pakistan’s interior ministry said both sides agreed to develop a joint strategy to prevent similar incidents in the future. ‘Grave security breach’ The nature of the Karachi bombing has angered Beijing, which is now pushing harder to achieve a long-standing demand to control security arrangements for its citizens. A pick-up truck rigged with nearly 100 kilogrammes of explosives waited unchecked for about 40 minutes near the outermost security cordon of the heavily guarded airport before its driver rammed it into a vehicle carrying Chinese engineers, officials said. “It was a grave security breach,” admitted one of the officials investigating the bombing, which came just a week before Chinese Premier Li Qiang’s visit to Islamabad, the first such trip in a decade. The official said investigators believe the attackers had “inside help” in securing details of the itinerary and route of the engineers, who had returned from a month off in Thailand. They were to be escorted back to a power plant set up as part of plans for the China-Pakistan Economic Corridor (CPEC). Longtime Pakistan ally China has thousands of nationals working on projects grouped under the CPEC, a $65-billion investment in President Xi Jinping’s Belt and Road Initiative, which seeks to expand China’s global reach by road, rail and sea. ‘Chinese frustrations’ Publicly, China has mostly backed Pakistan’s arrangements, even as it calls for enhanced security. Privately, Beijing has expressed frustration. At one recent meeting, the Chinese side provided evidence that Pakistan had failed to follow security protocols agreed on twice in recent months, three officials said. Such protocols usually feature high standards for the deployment and movement of Chinese officials. However, earlier this month, China’s Ambassador to Pakistan, Jiang Zaidong, while speaking at an event, had expressed frustration over the attacks, stating it was “unacceptable” and urging Islamabad to strengthen security measures for Chinese nationals and crack down on anti-China elements. In response, Foreign Office Spokesperson Mumtaz Zahra Baloch had called the statement “perplexing” and a stark departure from the longstanding diplomatic norms between the two nations. Chinese nationals have been in the crosshairs of banned outfits who accuse Beijing and Pakistan of exploiting minerals in Balochistan, where China has a strategic port and mining interests. Thousands of Pakistani security officers from the army, police and a dedicated force called the Special Protection Unit are posted to guard Chinese nationals. Only China’s embassy in Islamabad and its consulates are allowed Chinese official security personnel, the Pakistani officials said. Full Article Pakistan
it Trump hush money judge delays ruling on immunity following election win By www.dawn.com Published On :: Tue, 12 Nov 2024 23:50:38 +0500 The judge overseeing Donald Trump’s criminal hush money case has put off ruling on whether the president-elect’s conviction should be thrown out on immunity grounds, enabling prosecutors to weigh next steps following his November 5 election victory. Justice Juan Merchan had been due to rule on Tuesday on Trump’s argument that the US Supreme Court’s decision in July that presidents are immune from prosecution involving their official acts meant the New York state case should be dismissed. Instead, Merchan granted a request by Manhattan District Attorney Alvin Bragg’s office to have until Nov 19 to consider how to approach the case in light of Trump’s looming inauguration in January 2025, email correspondence made public on Tuesday showed. Trump’s scheduled Nov 26 sentencing is now widely expected to be postponed. Trump in May became the first US president — former or sitting — convicted of a crime when a jury in Manhattan found him guilty on 34 felony counts of falsifying business records to cover up a potential sex scandal shortly before his first election win in 2016. Trump, who pleaded not guilty, has vowed to appeal the verdict after sentencing. Prosecutor Matthew Colangelo wrote there were “competing interests” between ensuring a criminal case proceeds as usual and protecting the office of the president. “The People agree that these are unprecedented circumstances,” Colangelo wrote. Trump is set to be the first felon inaugurated as president after his victory over Vice President Kamala Harris. At issue in the six-week Manhattan trial was a $130,000 payment made by Trump’s then-lawyer Michael Cohen to adult film actress Stormy Daniels to keep quiet about a sexual encounter she said she had with him in 2006 but which he has denied. Trump’s defense lawyer Emil Bove wrote that the case ultimately needed to be dismissed to avoid interfering with Trump’s presidential duties. “The stay, and dismissal, are necessary to avoid unconstitutional impediments to President Trump’s ability to govern,” Bove wrote. Trump faced four criminal cases Trump, 78, is hoping to enter office unencumbered by any of four criminal cases he has faced and which once were thought to have threatened to derail his 2024 candidacy to return to the White House after having served from 2017 to 2021. The Republican Trump has portrayed the hush money case brought by Bragg, a Democrat, and the three other state and federal criminal indictments brought in 2023 as politically motivated attempts to harm his presidential campaign. He pleaded not guilty in all four cases. “It is now abundantly clear that Americans want an immediate end to the weaponization of our justice system,” Trump campaign spokesperson Steven Cheung said in a statement on Tuesday. Special Counsel Jack Smith brought two of the cases against Trump, one involving classified documents he kept after leaving office and the other involving his efforts to overturn his 2020 election loss. A Florida-based federal judge in July dismissed the documents case. The Justice Department is now evaluating how to wind down Smith’s election-related case. Trump also faces state criminal charges in Georgia over his bid to reverse his 2020 loss in that state, but the case remains in limbo. The Supreme Court, in a decision arising from one of Smith’s two cases against Trump, decided that presidents are immune from prosecution involving their official acts and that juries cannot be presented evidence of official acts in trials over personal conduct. It marked the first time that the court recognized any degree of presidential immunity from prosecution. In making the case for immunity, Trump’s lawyers said the jury that convicted Trump in the hush money case was shown evidence by prosecutors of his social media posts as president and heard testimony from his former aides about conversations that occurred in the White House during his 2017-2021 term. Bragg’s office countered that the Supreme Court’s ruling has no bearing on the case, which they said concerned “wholly unofficial conduct.” The Supreme Court in its ruling found no immunity for a president’s unofficial acts. Full Article World
it Constitutional bench to start hearing cases from Nov 14: Supreme Court By www.dawn.com Published On :: Tue, 12 Nov 2024 23:26:57 +0500 The Supreme Court (SC) on Tuesday announced that the recently established constitutional bench will start hearing cases on November 14 and 15. Earlier, the SC constituted a three-judge committee to fix cases, issue court rosters, form benches, and decide weekly caseload for its recently established constitutional bench. The committee held a meeting today which was chaired by Justice Aminud Din Khan (head of the constitutional bench) and attended by Justice Jamal Khan Mandokhail and Justice Muhammad Ali Mazhar, who participated through a telephone call from Karachi. The SC said in a press release, a copy of which is available with Dawn.com, that the purpose of the meeting was to discuss matters for the formation of the constitutional bench. During the meeting, the committee was briefed by the court’s registrar’s office regarding the pending constitutional cases, the statement said adding, “[The] committee resolved that priority shall be accorded to the oldest cases.” On Nov 5, the Judicial Commission of Pakistan (JCP), in its maiden session, had picked Justice Amin as head of the constitutional bench by a seven-to-five majority. Chaired by Chief Justice of Pakistan (CJP) Justice Yahya Afridi, the reconstituted JCP formed a seven-member constitutional bench, including Justices Aminud Din Khan, Jamal Khan Mandokhail, Muhammad Ali Mazhar, Ayesha A. Malik, Hassan Azhar Rizvi, Musarrat Hilali and Naeem Akhtar Afghan. Today’s press release mentioned that Justice Ayesha Malik will not be available on Nov 14 and 15 and “a bench comprising all available Judges shall be constituted to proceed with cases on these dates.” The SC Registrar Muhammad Salim Khan released the court roster of a six-member constitutional bench which will begin hearing cases at 9:30am on Nov 14. The bench will include Justice Jamal Khan Mandokhail, Justice Muhammad Ali Mazhar, Justice Hasan Azhar Rizvi, Justice Musarrat Hilali and Justice Naeem Akhtar Afghan. The SC directed the Registrar to schedule cases for hearing before the bench. The next meeting of the committee will be held on Nov 13 at 12:30pm after Justice Muhammad Ali Mazhar arrives in Islamabad. Full Article Pakistan
it Aid groups slam Israeli duplicity on relief delivery By www.dawn.com Published On :: Wed, 13 Nov 2024 07:48:40 +0500 JERUSALEM: Aid agencies slammed Israel for continuing to obstruct the delivery of aid to Gaza, despite Tel Aviv’s claims that it had opened an additional crossing into the besieged territory on the eve of a US deadline to boost relief deliveries. The United States last month warned Israel to improve the humanitarian conditions in Gaza or risk a cut to its military support. A day before the deadline, the Israeli military said it opened the Kissufim crossing “as part of the effort and commitment to increase the volume and routes of aid” to Gaza. But the UN agency for Palestinian refugees (UNRWA) and eight humanitarian groups said Israel was still not doing enough to get aid in as the situation in the besieged north becomes especially “catastrophic”. On eve of US deadline to restore aid supplies to Gaza, Tel Aviv claims to have opened another border crossing The eight organisations, including Oxfam and Save The Children, said Israel “failed to comply” with US demands — “at enormous human cost for Palestinian civilians in Gaza”. “The humanitarian situation in Gaza is now at its worst point since the war began in October 2023,” they said in a joint statement. Asked about whether there were signs the situation had improved ahead of Wednesday’s deadline, Louise Wateridge, an UNRWA emergencies officer, highlighted that “aid entering the Gaza Strip is at its lowest level in months”. No food was permitted to enter besieged northern Gaza for an entire month, Wateridge said, adding that UN requests to access the area have been repeatedly denied. Wateridge said that testimonies from the north painted “an endlessly horrific” picture that was becoming “more critical” by the hour. “Hospitals have been bombed, the doctors inform us that they have run out of blood supplies, they have run out of medicine… there are bodies in the streets.” Separately, a spokesperson for the Norwegian Refugee Council told Al Jazeera that Israelis were obstructing aid from entering through the crossings. “Aid is arbitrarily rejected and essential supplies are not allowed in, including timber to help people build shelters as they face winter. Sometimes the requests to access those crossings are denied for over a month,” Shaina Low, NRC’s communications adviser, told Al Jazeera. Once the aid enters Gaza, aid workers must request safe routes through which they can safely distribute the aid. “Israel often denies requests to move from place to place in order to reach Palestinian families that are in desperate need,” Low said. However, the US State Department on Tuesday said that Israel was not violating US law on the level of aid entering Gaza, but called for further progress. Asked if Israel had met the US demands, State Department spokesman Vedant Patel said of Israel, “We have not made an assessment that they are in violation of US law,” but added: “The overall humanitarian situation in Gaza continues to be unsatisfactory”. “But in the context of the letter, it’s not about whether we find something satisfactory or not; it’s what are the actions that we’re seeing,” he said, adding that Tel Aviv was taking steps in the right direction. Attacks on Gaza Gaza’s civil defence agency said that at least 14 people were killed in Israeli strikes on Tuesday. On Tuesday, residents said Israeli tanks advanced deeper in Beit Hanoun and besieged four displaced families before ordering them to leave towards Gaza City. The health ministry in Gaza said on Tuesday that at least 43,665 people have been killed in more than 13 months. Published in Dawn, November 13th, 2024 Full Article World
it PTI files curative review with SC in ‘bat’ symbol case By www.dawn.com Published On :: Wed, 13 Nov 2024 07:58:32 +0500 ISLAMABAD: As a last resort after losing the election symbol, PTI on Tuesday filed a curative petition with the Supreme Court, seeking to overturn the Jan 13 and Oct 21 rulings that supported the Election Commission of Pakistan’s decision to deny the party its ‘bat’ symbol. The curative petition is a final remedy that allows the SC to reconsider a dismissed review petition. The 32-page petition, moved by Advocate Ajmal Ghaffar Toor, says the present petition has been necessitated by circumstances during the hearing and therefore based upon the principle of natural justice. Besides the verdict is per incuriam and not a judgement at all, argued the petition, adding the petition was relying upon the Aug 22 Mubarak Ahmed Sani case in which the Supreme Court had altered its earlier decision. Judgement was per incuriam, 32-page petition argues The petition argues that the judgement was per incuriam, meaning it was made in ignorance of the terms of a statute or rule having the force of a statute. A decision made per incuriam can be considered a mistake and may not be binding. The petition also relied on the Aug 22 Mubarak Ahmed Sani case, where the SC had altered its earlier decision, setting a precedent for revisiting previous judgements. On Oct 21, the SC headed by former chief justice Qazi Faez Isa rejected PTI’s petition, seeking to revisit Jan 13 verdict in the bat symbol case. The review petition was dismissed on the grounds that no illegality or material error in the judgement was pointed out by the petitioner. During the case, the senior counsel Hamid Khan had pleaded before the apex court that he did not want to argue before a bench headed by a person who “harbours bias against PTI”. It is the case of the petitioner that both judgements of Jan 13 and Oct 21 were void and non-existent in the eyes of law. The petition has raised questions of public importance with respect to fundamental rights and interpretation of the laws relating to the electoral rights of the people who were true sovereigns, by seeking to invite SC’s attention towards two of its own judgments, the curative review says. On May 26, 2021, PTI had moved a curative review petition before the SC against Justice Isa who had won a case on a review petition. Then the curative review petition was moved against the majority order in favour of Justice Isa. Later on July 21, 2023, ex-CJP Umar Ata Bandial rejected in chambers PTI’s curative review petition against Justice Isa whereas Justice Syed Mansoor Ali Shah in his additional note stated that a second review or a curative review or whatever given name, was not maintainable under Article 188 since this provision envisages only one-time exercise of this jurisdiction, whether made on a review petition or suo motu in respect of any of its judgments. Now the fresh curative petition pleads that the SC judgment of Oct 21 was virtually an ex-parte order as no substantive hearing took place in view of the objections raised against former CJP Qazi Faez Isa and therefore it would serve the interest of justice that the judgement was set aside and the review petition was fixed for hearing again. The curative review argued that both Justice Muhammad Ali Mazhar and Justice Musarrat Hilali, who were members of the bench which heard the review petition then, signed allegedly a blatantly biased orders, dictated by then CJP and therefore they have disqualified themselves from hearing the present petition. Published in Dawn, November 13th, 2024 Full Article Pakistan
it Crisis-hit Germany headed for Feb 23 snap election By www.dawn.com Published On :: Wed, 13 Nov 2024 10:25:52 +0500 German President Frank-Walter Steinmeier (left) shakes hands with the parliamentary leader of the Greens, Katharina Droege, at the Bellevue Presidential Palace in Berlin, on Tuesday.—Reuters BERLIN: Germany is headed for snap elections on February 23, the main parties agreed on Tuesday, aiming to form a stable government after Chancellor Olaf Scholz’s three-party coalition collapsed last week. The country’s two biggest parties agreed on the early timetable, which will see centre-left leader Scholz seek a vote of confidence on December 16, said the parliamentary leader of Scholz’s Social Democrats (SPD), Rolf Muetzenich. This would pave the way for the February vote in a compromise hammered out with the conservative opposition Christian Democrats (CDU) and their Bavarian allies CSU. The agreement seeks to quickly restore political stability at a time when Europe’s biggest economy is set to shrink for a second year in a row and amid heightened geopolitical volatility, with wars raging in Ukraine and the Middle East. As per agreement between two biggest parties, Chancellor Scholz will seek trust vote on Dec 16 The election date would mean Germany will be ruled by a lame-duck chancellor and stuck in the middle of its campaign period when Donald Trump is inaugurated as US president on January 20. Embattled Scholz, who wants to run again despite poor poll ratings, initially suggested an election in late March but came under heavy pressure from all other parties to speed up the process. The CDU is riding high in the polls and its leader Friedrich Merz had pushed strongly for an election as early as possible — a demand backed by two thirds of voters, according to a recent survey. “We don’t have unlimited time to elect a new government in Germany, regardless of who leads it… because the world around us is not waiting,” Merz said on Tuesday. “It’s not as if everyone is holding their breath and watching Germany in fascination, as decisions are taken in Europe, Asia and the United States. “The world expects a Germany that is capable of taking action.” Winter election campaign The February 23 date would force politicians to run their campaigns in the dark and cold of winter, when voters will be less enthusiastic to flock to outdoor events than during the usual summer campaign seasons. Scholz is expected to lose the confidence vote in the lower house of parliament, after which President Frank-Walter Steinmeier will have 21 days to dissolve the Bundestag. Elections have to be held within 60 days of the dissolution. Scholz took office in late 2021, taking over from the CDU’s Angela Merkel, in a three-way coalition with the left-leaning Greens and the liberal and pro-business Free Democrats (FDP). But mounting differences over economic and fiscal policy came to a head last week when Scholz fired the rebellious FDP finance minister Christian Linder, prompting the small party to leave the government. Since then, Scholz’s SPD and the Greens have carried on in a minority government that would need opposition support to pass any laws — something the CDU/CSU had rejected in the absence of clarity on an election date. Future scenarios Scholz’s coalition marked the first time a tripartite alliance has ruled at the federal level, and it may not be the last, given Germany’s increasingly fragmented political party landscape. Fears about immigration have driven the rise of the far-right Alternative for Germany (AfD) party. It is now polling at close to 20 per cent, but other parties have pledged to shun it as a coalition partner. The latest polls put the centre-right CDU/CSU alliance firmly in the lead at 32pc. To win a majority, however, the conservatives would likely need the future backing of the SPD, which is currently polling at 15.5pc, in a so-called grand coalition, plus a third party. Contenders for that spot, according to current polling, would be either the FDP, with five percent support, or possibly the Greens, who are polling at 11pc. Lindner, who has said he wants to be finance minister again, on Tuesday welcomed the date for new elections, saying:“Happily we now have clarity on this question.” He earlier said that he thought Merz “will almost certainly be the next chancellor of Germany. The only question is: Who will chancellor Merz govern with?” Published in Dawn, November 13th, 2024 Full Article World
it IMF seeks update on revenue system’s digital overhaul By www.dawn.com Published On :: Wed, 13 Nov 2024 07:27:12 +0500 • 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 Full Article Business
it Tremors felt in KP, Islamabad as 5.1-magnitude quake jolts Afghanistan By www.dawn.com Published On :: Wed, 13 Nov 2024 11:05:35 +0500 Tremors were felt in various cities of Khyber Pakhtunkhwa as well as Islamabad on Wednesday after a quake jolted Afghanistan’s Badakhshan region. According to the United States Geological Survey (USGS), the earthquake had a magnitude of 5.1, while the Pakistan Meteorological Department (PMD) reported it as having a 5.3 magnitude. The USGS said the quake’s centre was located 37 kilometres west-southwest of Afghanistan’s Ishkashim town and had a 220.7km depth. The earthquake struck at 10:13am (Pakistan time), both the USGS and PMD confirmed. No casualties have been reported so far. DawnNewsTV reported that the tremors were felt in Peshawar and its adjoining areas, as well as Islamabad. Speaking to DawnNewsTV, two correspondents based in the cities said the quake caused people to evacuate buildings. More to follow Full Article Pakistan
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