KARACHI: Economists and business leaders have accused Pakistan’s new Prime Minister Imran Khan of failing to deliver a pragmatic policy to tackle the country’s mounting economic woes.
Commenting on Khan’s first address as prime minister on Sunday, Dr. Ikram-ul-Haq, a senior economist, said: “He only touched on some of the areas that are worrying. The PTI as party in waiting has failed to produce a concrete policy and plans to handle the economic challenges.”
Khan described the country’s economic problems as the most pressing in its history, and promised to transform its Federal Board of Revenue (FBR) and introduce incentives to attract foreign investment.
Pakistan’s current account deficit has surged by more than 40 percent in the past year to $18 billion by the end of the last fiscal year.
“In the history of Pakistan, economic conditions have never been as bad as today,” the prime minister said.
However, Haq told Arab News: “So far, there is only a desire to revive the economy, but an actual agenda backed by pragmatic analysis and research is missing.
“From rhetoric to reality will be the challenge in the coming days.
“The monstrous debt, and huge fiscal and current account deficits are symptoms of an ailing economy,” Haq said.
Mohammed Sohail, CEO of Topline Securities, said: “Considering the external accounts problems, it would be challenging for a new economic team to put the PTI’s economic agenda to work.”
Khan has said that reforming the FBR, Pakistan’s tax collection authority, is his top priority, but has failed to offer details or an action plan.
“The FBR desperately needs reforms from top to bottom. Corruption is rampant and nobody is there to question,” Dr. Ashfaque Hassan, senior economist and former adviser to Ministry of Finance, told Arab News.
“The government will have to bring in someone from outside the FBR as chairman to achieve the reforms it mentioned.”
Low export levels are a major reason for the growing trade deficit, with the prime minister announcing plans for a committee to address the deficiency.
“A committee was also formed by former prime minister Shahid Khaqan Abbasi. The current economic team is good and they need to increase exports by any means,” Ghazanfar Bilour, president of the Federation of Pakistan Chamber of Commerce and Industry, said.
“We have been constantly calling for return of our export refunds, which exporters desperately need, and relief to our export-based industry. Our input cost is too high and renders us uncompetitive on the international market.”
Khan also said the government will encourage small businesses to ensure an economic uplift. The move was hailed by small traders and manufacturers, who called for concrete steps to be taken.
“The cottage industry is Pakistan is on the verge of collapse due to lack of cheap inputs such as electricity and other raw material,” Mahmood Hamid, president of the All Pakistan Organization of Small Traders and Cottage Industries, said.
“If translated into reality, the PM’s plans will alleviate poverty from the country since this sector is one of the biggest jobs providers,” he said.
Khan is also leading an austerity drive to cut down expenditure.
“Pakistan’s prime minister has 524 workers and 80 cars, of which 33 are bullet proof. The price of each car is more than 50 million Pakistan rupees ($500,000),” he said, promising to cut the number of employees and government vehicles.
Khan called for public support in his government’s fight against corruption. “You should stand by me. Either the country will survive or the corrupt people will,” he said.
Imran Khan’s vows on economy ‘rhetoric, not reality,’ say economists
Imran Khan’s vows on economy ‘rhetoric, not reality,’ say economists
- Economists say new PM needs a pragmatic approach to successfully revive the country’s ailing economy
- Khan calls on public to support government’s crackdown on corruption
Indian man denies hospital rape and murder of doctor
- The discovery of the doctor’s bloodied body at a government hospital in Kolkata on August 9 sparked nationwide anger
- The gruesome nature of the attack drew comparisons with the 2012 gang rape and murder of a young woman on a Delhi bus
KOLKATA: An Indian man on trial for raping and murdering a 31-year-old doctor has pleaded not guilty, his lawyer said Saturday, a crime that appalled the nation and triggered wide-scale protests.
The discovery of the doctor’s bloodied body at a government hospital in the eastern city of Kolkata on August 9 sparked nationwide anger at the chronic issue of violence against women.
Sanjoy Roy, 33, the lone accused in the case, pleaded not guilty before the judge in a closed court on Friday in Kolkata, his lawyer Sourav Bandyopadhyay told AFP.
“I am not guilty, your honor, I have been framed,” Roy told the court, Bandyopadhyay said, repeating his client’s words.
Roy, a civic volunteer in the hospital, was arrested the day after the murder and has been held in custody since.
He would potentially face the death penalty if convicted.
The court began hearings on November 11, listening to evidence from some 50 witnesses, but it was on Friday that Roy took the stand.
“Judge Anirban Das questioned him with more than 100 questions during the six-hour-long in camera deposition, that continued until late in the evening,” Bandyopadhyay said.
Roy had earlier proclaimed his innocence to the public while screaming from a prison van outside the court before a hearing in November.
Doctors in Kolkata went on strike for weeks in response to the brutal attack.
Tens of thousands of ordinary Indians joined in the protests, which focused anger on the lack of measures for female doctors to work without fear.
India’s Supreme Court has ordered a national task force to examine how to bolster security for health care workers, saying the brutality of the killing had “shocked the conscience of the nation.”
The gruesome nature of the attack drew comparisons with the 2012 gang rape and murder of a young woman on a Delhi bus, which also sparked weeks of nationwide protests.
The trial continues. The next hearing is set for January 2, 2025.
Russia’s UK embassy denounces G7 loans to Ukraine as ‘fraudulent scheme’
- Britain said in October it would lend Ukraine 2.26 billion pounds as part of a much larger loan from the Group of Seven nations backed by frozen Russian central bank assets
LONDON: The Russian embassy in London on Saturday described Britain’s planned transfer to Ukraine of more than 2 billion pounds ($2.5 billion) backed by frozen Russian assets as a “fraudulent scheme.”
Britain said in October it would lend Ukraine 2.26 billion pounds as part of a much larger loan from the Group of Seven nations backed by frozen Russian central bank assets to help buy weapons and rebuild damaged infrastructure.
The loans were agreed in July by leaders of the G7 — Britain, Canada, France, Germany, Italy, Japan and the US — along with top officials from the European Union, where most of the Russian assets frozen as a result of the war are held.
“We are closely following UK authorities’ efforts aimed at implementing a fraudulent scheme of expropriating incomes from Russian state assets ‘frozen’ in the EU,” the Russian embassy in London said on social media.
British Defense Minister John Healey said the money would be solely for Ukraine’s military and could be used to help develop drones capable of traveling further than some long-range missiles.
The embassy added: “The elaborate legislative choreography fails to conceal the illegitimate nature of this arrangement.”
Russia’s Foreign Ministry last week described the US transfer to Ukraine of its share of the G7’s $50 billion in loans as “simply robbery.”
Death toll in German Christmas market car-ramming rises to five, more than 200 injured
- Source: Saudi Arabia had warned German authorities about the attacker
- Germany’s domestic intelligence agency declined to comment on the ongoing investigation
MAGDEBURG, Germany: At least five people were killed in a car-ramming attack at a German Christmas market in the city of Magdeburg that also left more than 200 injured, officials said, and a Saudi man was arrested on suspicion of driving a car into the crowd.
The Friday evening attack on market visitors gathered to celebrate the pre-Christmas season comes amid a fierce debate over security and migration during an election campaign in Germany, where the far right is polling strongly.
“What a terrible act it is to injure and kill so many people there with such brutality,” Chancellor Olaf Scholz said in the central city, part of the former East Germany, where he laid a white rose at a church in honor of the victims.
“We have now learnt that over 200 people have been injured,” he added. “Almost 40 are so seriously injured that we must be very worried about them.”
German authorities are investigating a 50-year-old Saudi doctor who has lived in Germany for almost two decades in connection with the car-ramming. Police searched his home overnight.
The motive remained unclear and police have not yet named the suspect. He has been named in German media as Taleb A.
A Saudi source told Reuters that Saudi Arabia had warned German authorities about the attacker after he posted extremist views on his personal X account that threatened peace and security.
Der Spiegel reported that the suspect had sympathized with the far-right Alternative for Germany (AfD) party. The magazine did not say where it got the information.
Germany’s domestic intelligence agency declined to comment on the ongoing investigation.
Germany’s FAZ newspaper said it interviewed the suspect in 2019, describing him as an anti-Islam activist.
“People like me, who have an Islamic background but are no longer believers, are met with neither understanding nor tolerance by Muslims here,” he was quoted as saying. “I am history’s most aggressive critic of Islam. If you don’t believe me, ask the Arabs.”
Andrea Reis, who had been at the market on Friday, returned on Saturday with her daughter Julia to lay a candle by the church overlooking the site. She said that had it not been for a matter of moments, they may have been in the car’s path.
“I said, ‘let’s go and get a sausage’, but my daughter said ‘no let’s keep walking around’. If we’d stayed where we were we’d have been in the car’s path,” she said.
Tears ran down her face as she described the scene. “Children screaming, crying for mama. You can’t forget that,” she said.
Scholz’s Social Democrats are trailing both the far-right AfD and the frontrunner conservative opposition in opinion polls ahead of snap elections set for Feb. 23.
The AfD, which enjoys particularly strong support in the former East, has led calls for a crackdown on migration to the country.
Its chancellor candidate Alice Weidel and co-leader Tino Chrupalla issued a statement on Saturday condemning the attack.
“The terrible attack on the Christmas market in Magdeburg in the middle of the peaceful pre-Christmas period has shaken us,” they said.
A leading Social Democrat lawmaker in the Bundestag parliament warned against jumping to conclusions and said it appeared the attacker did not have an Islamist motive.
“Now we have to wait for the investigations. It seems that things are different here than was initially assumed,” Dirk Wiese told the Rheinische Post newspaper.
Eight convicted in France over murder of teacher who showed Prophet caricature
- Eight sentenced for roles in hate campaign against teacher
- Two associates of killer sentenced to 16 years for complicity, the father of pupil sentenced to 13 years for inciting hatred
PARIS: A French court sentenced eight people to prison terms ranging from one to 16 years for their roles in a hate campaign that culminated in the murder of a teacher who had shown caricatures of the Prophet Muhammad in class, local media reported.
Days after Samuel Paty, 47, showed his pupils the caricatures in October 2020, an 18-year-old Chechen assailant stabbed and beheaded him outside his school in Conflans-Sainte-Honorine, near Paris. The assailant was shot dead by police moments after.
Among those convicted on Friday was the father of a student whose false account of Paty’s use of the caricatures triggered a wave of social media posts targeting the middle-school teacher.
The court sentenced Brahim Chnina to 13 years in prison for criminal terrorist association, according to broadcaster Franceinfo. Chnina had published videos falsely accusing the teacher of disciplining his daughter for complaining about the class, naming Paty and identifying his school.
Abdelhakim Sefrioui, the founder of a hard-line Islamist organization, received a 15-year sentence. Both Sefrioui and Chnina were found guilty of inciting hatred against Paty.
Many Muslims consider any depiction of the Prophet Muhammad to be blasphemous. Sefrioui’s lawyer said his client would appeal the decision, according to French media.
Two associates of Paty’s killer, Abdullakh Anzorov, were also convicted. Naim Boudaoud and Azim Epsirkhanov were sentenced to 16 years in prison for complicity in a terrorist killing. Both had denied wrongdoing, according to Franceinfo.
Last year, a court found Chnina’s daughter and five other adolescents guilty of participating in a premeditated conspiracy and helping prepare an ambush.
Chnina’s daughter, who was not in Paty’s class when the caricatures were shown, was convicted of making false accusations and slanderous comments.
French media reported that the 13-year-old made the allegations after her parents questioned why she had been suspended from school for two days.
Pope Francis slams ‘cruelty’ of strike killing Gaza children
- ‘Yesterday children were bombed. This is cruelty, this is not war. I want to say it because it touches my heart’
- The Holy See has recognized the State of Palestine since 2013, with which it maintains diplomatic relations
VATICAN CITY: Pope Francis on Saturday condemned the bombing of children in Gaza as “cruelty,” a day after the territory’s rescue agency said an Israeli air strike killed seven children from one family.
Gaza’s civil defense rescue agency reported that an Israeli air strike killed 10 members of a family on Friday in the northern part of the territory, including seven children.
“Yesterday they did not allow the Patriarch (of Jerusalem) into Gaza as promised. Yesterday children were bombed. This is cruelty, this is not war,” he told members of the government of the Holy See.
“I want to say it because it touches my heart.”
Violence in the Gaza Strip continues to rock the coastal territory more than 14 months into the Israel-Hamas war, even as international mediators work to negotiate a ceasefire between Israel and Hamas Palestinian militants.
The Israeli military said it had struck “several terrorists who were operating in a military structure belonging to the Hamas terrorist organization and posed a threat to IDF troops operating in the area.”
“According to an initial examination, the reported number of casualties resulting from the strike does not align with the information held by the IDF,” it added.
Francis, 88, has called for peace since Hamas’s unprecedented attack against Israel on October 7, 2023, and the Israeli retaliatory campaign in Gaza.
In recent weeks he has hardened his remarks against the Israeli offensive.
At the end of November, he said that “the invader’s arrogance... prevails over dialogue” in “Palestine,” a rare position that contrasts with the tradition of neutrality of the Holy See.
In extracts from a forthcoming book published in November, he called for a “careful” study as to whether the situation in Gaza “corresponds to the technical definition” of genocide, an accusation firmly rejected by Israel.
The Holy See has recognized the State of Palestine since 2013, with which it maintains diplomatic relations, and it supports the two-state solution.
