Pakistan in mourning as Peshawar buries its children

December 17, 2014

Peshawar, December 17: Pakistan woke up to a day of mourning on Wednesday after Taliban militants killed 132 students at a school in the city of Peshawar in a grisly attack which shocked the nation and put pressure on the government to do more to tackle the insurgency.Pakistan

People around the country lit candles and staged overnight vigils as parents prepared to bury their children during mass funerals in and around Peshawar — a big, volatile city on the edge of Pakistan's lawless tribal belt.

Pakistanis may be used to almost daily militant attacks against the security forces but an outright assault on children stunned the country, prompting commentators to call for a tough military response.

In Peshawar, the vast grounds of the military-run Army Public School were all but deserted, with a handful of snipers manning the roofs of its pink brick-and-stone buildings.

Army vehicles and soldiers wearing face masks and carrying automatic rifles were deployed by the entrance.

A day after the attack, Peshawar appeared subdued and many were still in shock, recalling the gruesome events and trying to soothe each other. More details of the well-organised attack emerged as witnesses came forward with their stories.

“The attackers came around 10.30 a.m. on a pickup van,” said Issam Uddin, a 25-year-old school bus driver.

“They drove it around the back of the school and set it on fire to block the way. Then they went to Gate 1 and killed a soldier, a gatekeeper and a gardener. Firing began and the first suicide attack took place.”

The government of Prime Minister Nawaz Sharif has announced a three-day mourning period but people's anxiety focused on what the authorities can do to protect the country.

Mr. Sharif came to power last year promising to negotiate peace with the Pakistani Taliban — but those efforts failed this year, weakening his position and prompting the Army to launch an air-and-ground operation against insurgents along the Afghan border.

The military staged more air strikes against Taliban positions there late on Tuesday, a security source said, but it was unclear whether it was done in response to the school attack.

GOOD AND BAD TALIBAN

Yet, despite the well-publicised crackdown, the military has long been accused of being too lenient towards Islamist militants who critics say are used to carry out the Army's bidding in places like Jammu and Kashmir and Afghanistan.

The military denies the accusations.

“People will have to stop equivocating and come together in the face of national tragedy,” said Sherry Rehman, a former ambassador to the United States and an opposition politician.

“There have been national leaders who had been apologetic about the Taliban, who have not named the Taliban in their speeches.”

The Pakistani Taliban, who are fighting to impose strict Islamic rule in Pakistan, are holed up in the inaccessible mountains straddling the Pakistan-Afghanistan border.

They are allied with the Afghan Taliban as well as al-Qaeda and other foreign fighters, and Pakistan has long accused Afghanistan of not doing enough to crack down on their bases.

Afghanistan, for its part, blames Pakistan for allowing militant groups such as the Afghan Taliban and the Haqqani network to operate freely on its territory and stage attacks in Afghanistan.

Pakistan's Army chief was expected to visit Afghanistan on Wednesday for what is likely to be a day of uneasy talks with his Afghan counterparts on how to tackle the insurgency.

Pakistan's Dawn newspaper quoted a source as saying that the militants were acting on direct orders from their handlers in Afghanistan and that prominent Taliban commander Umar Naray was the ultimate mastermind of the attack.

Speaking late on Tuesday, Army spokesman Major General Asim Saleem Bajwa hinted at that without naming Afghanistan.

“When these militants reached the school ... we found out which group was involved, who they were talking to, from where the operation was being controlled,” he said. “God willing, in coming two-four days you will get to know.”

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News Network
March 6,2020

Mar 6: UK stocks fell again on Friday as growing economic risks from the coronavirus outbreak shattered investor confidence, with Britain recording its first death from the pathogen.

A 1.5% fall for the FTSE 100 erased the blue-chip index's gains from earlier this week. Export-heavy companies have now lost over $230 billion in value since the epidemic sparked a worldwide rout last week.

The domestically focussed mid-cap index was down 1.9%.

Cruise operator Carnival dropped 4.2% to its lowest level since 2012, a day after its Grand Princess ocean liner was barred from returning to its home port of San Francisco on virus fears.

Britain said an older person with underlying health problems had succumbed to the flu-like virus on Thursday, while the number of infections jumped to 115.

In company news, drug maker AstraZeneca fell 1% after it said its treatment for a form of bladder cancer failed to meet the main goal of improving overall survival in patients in a late-stage study.

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News Network
February 1,2020

Washington, Feb 1: The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.

"The Indian economy indeed has experienced an abrupt slowdown in 2019. We had to revise our growth projections, downwards to four percent for last year. We are expecting 5.8 per cent (growth rate) in 2020 and then an upward trajectory to 6.5 percent in 2021," Georgieva told a group of foreign journalists here on Friday.

"It appears that the main reason for this slowdown was the non-banking financial institutions experiencing a turbulence," she said on the eve of Union Finance Minister Nirmala Sitharaman presenting the annual budget in Parliament on Saturday.

She said India had undertaken some important reforms that over the longer term would be beneficial for the country, but they do have some short-term impact.

"For example, coming with the unified tax system, and the demonetisation that took place. These are steps that over time are beneficial, but of course they might, might be somewhat disruptive over short term," Georgieva said in response to a question.

The International Monetary Fund (IMF) Managing Director said that there is not a lot of fiscal space in India. “But we also recognise that the policies of the government on that side, on the fiscal side have been prudent. We will see how the reading of the budget, the submission of the budget goes, tomorrow,” she said.

In the medium-term, she said, the IMF remains optimistic about India. “This is why we see that upswing potential for the growth in the country,” she said.

Georgieva said that the current economic slowdown cannot be described as a recession. "No.... You're far from that. But it is a significant slowdown, not the recession," she said.

The IMF managing Director noted that the consumption in India also slowed down and that contributed to the overall slowdown in the economy. The IMF would be keen to see what India does to get relatively sound macroeconomic fundamentals to pay off in terms of better growth trajectory, she said ahead of the budget.

One thing that is important for India is that budgetary revenue have been below target. "The country knows that. The finance minister knows it. They need to increase budgetary revenue collection so they can improve their fiscal position. I said it's tight on the spending side, but I also want to stress that there is room to improve collection on the revenue side," she said.

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Agencies
July 1,2020

The ILO has warned that if another Covid-19 wave hits in the second half of 2020, there would be global working-hour loss of 11.9 percent - equivalent to the loss of 340 million full-time jobs.

According to the 5th edition of International Labour Organisation (ILO) Monitor: Covid-19 and the world of work, the recovery in the global labour market for the rest of the year will be uncertain and incomplete.

The report said that there was a 14 percent drop in global working hours during the second quarter of 2020, equivalent to the loss of 400 million full-time jobs.

The number of working hours lost across the world in the first half of 2020 was significantly worse than previously estimated. The highly uncertain recovery in the second half of the year will not be enough to go back to pre-pandemic levels even in the best scenario, the agency warned.

The baseline model – which assumes a rebound in economic activity in line with existing forecasts, the lifting of workplace restrictions and a recovery in consumption and investment – projects a decrease in working hours of 4.9 percent (equivalent to 140 million full-time jobs) compared to last quarter of 2019.

It says that in the pessimistic scenario, the situation in the second half of 2020 would remain almost as challenging as in the second quarter.

“Even if one assumes better-tailored policy responses – thanks to the lessons learned throughout the first half of the year – there would still be a global working-hour loss of 11.9 per cent at the end of 2020, or 340 million full-time jobs, relative to the fourth quarter of 2019,” it said.

The pessimistic scenario assumes a second pandemic wave and the return of restrictions that would significantly slow recovery. The optimistic scenario assumes that workers’ activities resume quickly, significantly boosting aggregate demand and job creation. With this exceptionally fast recovery, the global loss of working hours would fall to 1.2 per cent (34 million full-time jobs).

The agency said that under the three possible scenarios for recovery in the next six months, “none” sees the global job situation in better shape than it was before lockdown measures began.

“This is why we talk of an uncertain but incomplete recovery even in the best of scenarios for the second half of this year. So there is not going to be a simple or quick recovery,” ILO Director-General Guy Ryder said.

The new figures reflect the worsening situation in many regions over the past weeks, especially in developing economies. Regionally, working time losses for the second quarter were: Americas (18.3 percent), Europe and Central Asia (13.9 percent), Asia and the Pacific (13.5 percent), Arab States (13.2 percent), and Africa (12.1 percent).

The vast majority of the world’s workers (93 per cent) continue to live in countries with some sort of workplace closures, with the Americas experiencing the greatest restrictions.

During the first quarter of the year, an estimated 5.4 percent of global working hours (equivalent to 155 million full-time jobs) were lost relative to the fourth quarter of 2019. Working- hour losses for the second quarter of 2020 relative to the last quarter of 2019 are estimated to reach 14 per cent worldwide (equivalent to 400 million full-time jobs), with the largest reduction (18.3 per cent) occurring in the Americas.

The ILO Monitor also found that women workers have been disproportionately affected by the pandemic, creating a risk that some of the modest progress on gender equality made in recent decades will be lost, and that work-related gender inequality will be exacerbated.

The severe impact of Covid-19 on women workers relates to their over-representation in some of the economic sectors worst affected by the crisis, such as accommodation, food, sales and manufacturing.

Globally, almost 510 million or 40 percent of all employed women work in the four most affected sectors, compared to 36.6 percent of men, it said.

The report said that women also dominate in the domestic work and health and social care work sectors, where they are at greater risk of losing their income and of infection and transmission and are also less likely to have social protection.

The pre-pandemic unequal distribution of unpaid care work has also worsened during the crisis, exacerbated by the closure of schools and care services.

Even as countries have adopted policy measures with unprecedented speed and scope, the ILO Monitor highlights some key challenges ahead, including finding the right balance and sequencing of health, economic and social and policy interventions to produce optimal sustainable labour market outcomes; implementing and sustaining policy interventions at the necessary scale when resources are likely to be increasingly constrained and protecting and promoting the conditions of vulnerable, disadvantaged and hard-hit groups to make labour markets fairer and more equitable.

“The decisions we adopt now will echo in the years to come and beyond 2030. Although countries are at different stages of the pandemic and a lot has been done, we need to redouble our efforts if we want to come out of this crisis in a better shape than when it started,” Ryder said. 

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