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
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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News Network
March 12,2020

Geneva, Mar 12: For the global economy, virus repercussions were profound, with increasing concerns of wealth- and job-wrecking recessions. U.S. stocks wiped out more than all the gains from a huge rally a day earlier as Wall Street continued to reel.

The Dow Jones Industrial Average dropped 1,464 points, bringing it 20% below its record set last month and putting it in what Wall Street calls a “bear market.” The broader S&P 500 is just 1 percentage point away from falling into bear territory and bringing to an end one of the greatest runs in Wall Street’s history.

WHO officials said they thought long and hard about labeling the crisis a pandemic — defined as sustained outbreaks in multiple regions of the world.

The risk of employing the term, Ryan said, is “if people use it as an excuse to give up.” But the benefit is “potentially of galvanizing the world to fight.”

Underscoring the mounting challenge: soaring numbers in the U.S. and Europe’s status as the new epicenter of the pandemic. While Italy exceeds 12,000 cases and the United States has topped 1,300, China reported a record low of just 15 new cases Thursday and three-fourths of its infected patients have recovered.

China’s totals of 80,793 cases and 3,169 deaths are a shrinking portion of the world’s more than 126,000 infections and 4,600 deaths.

“If you want to be blunt, Europe is the new China,” said Robert Redfield, the head of the U.S. Centers for Disease Control and Prevention.

With 12,462 cases and 827 deaths, Italy said all shops and businesses except pharmacies and grocery stores would be closed beginning Thursday and designated billions in financial relief to cushion economic shocks in its latest efforts to adjust to the fast-evolving crisis that silenced the usually bustling heart of the Catholic faith, St. Peter’s Square.

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News Network
May 13,2020

Islamabad, May 13 : The number of confirmed COVID-19 cases in Pakistan rose to 34,370 on Wednesday after new infections were confirmed in the country.

As per province-wise breakup of the total tally cited by Radio Pakistan, so far 13,225 cases have been registered in Punjab, 12,610 in Sindh, 5,021 in Khyber Pakhtunkhwa, 2,158 in Balochistan, 759 in Islamabad, 475 in Gilgit Baltistan and 88 in Pakistan-occupied Kashmir.

As many as 2,255 cases positive were confirmed, while 31 deaths reported during the last 24 hours.

At least 737 patients have died so far while 8,812 stand recovered, the media reported further.

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