Reflection on national debt
In essence, the continuous borrowing means that Pakistan is spending an enormous amount of its budget on servicing debt: Today more than half of government revenue goes towards paying foreign debt and this percentage will increase unless the country gets relief. Nor do they have enough to invest for the future: In health systems to get ready for unforeseen eventualities (e.g. For example, Zambia, which was reclassified recently (last year) as a low-income country, has by now spent nearly three years trying to restructure its debt, albeit with no success. As a result, Zambia has been in debt purgatory, shut out of IMF funds and unable to attract private investment while the talks continue. Finally, one feels that in order to meaningfully help countries currently drowning in debt, a Covid-era like two years pause in repayment of foreign debt should be reinstated to allow them some breathing room to not only bring their debt under control but to also make investments in a sustainable future.
Source:The Nation
May 03, 2023 10:44 UTC
Mother ‘decapitates 5-year-old son, eats his head’
An extremely disturbing incident occurred in Egypt where a 29-year-old mother named Hanaa allegedly killed her five-year-old son Youssef, chopped up his body, and ate a part of his head. The mother was arrested after police discovered the boy's remains in buckets at her property, Mirror reported. Soon after the incident, she claimed that she did not intend to kill her son. The accused reportedly suffers from a mental health condition which led her to commit this heinous act. She is scheduled to undergo a mental health evaluation as part of the ongoing investigation.
Source:The Express Tribune
May 03, 2023 03:55 UTC
Paul DeMarco: Alabama legislative session success so far, still work ahead for lawmakers
By Paul DeMarcoWe are now just past the half way point of the current session of the Alabama Legislature. While there has been a lot accomplished, there is still a lot to do. With significant budget surpluses this year, there are a lot of eyes watching where state funds are being appropriated. In addition, the decades long issues of problems with the state’s corrections facility have got to be addressed sooner rather than later. Paul DeMarco is a former member of the Alabama House of Representatives and can be found on Twitter @Paul_DeMarco
Source:The Express Tribune
May 03, 2023 00:36 UTC
Maryam alleges ex-CJP’s son is ‘selling’ PTI tickets
Turning her guns towards PTI chief Imran Khan, the PML-N chief organizer said, “This troublemaker is rallying for the workers. “There is only one person standing in the way of the development of this country and that is Imran Khan. “The leader of this gang is Imran Khan and the members of the gang include former CJP Saqib Nisar and General (retd) Faiz [Hameed]. He is Saqib Nisar who is plotting from behind.”The PML-N chief organiser said that there was also an audio of former CJP Nisar saying to “kill Maryam”. “Imran Khan comes and starts the business of selling watches.
Source:The Express Tribune
May 02, 2023 18:59 UTC
Deepika slammed for 'overshadowing' Alia's Met Gala debut
Social media users criticised the Pathaan star for posting about the Oscars just before Bhatt's Met Gala appearance. Another wrote, "Posting this on the day of Alia's big Met Gala debut was suspicious for real. Today is the Met Gala and looks like she isn’t attending. The incident highlights the power of social media and how celebrities are under constant scrutiny from social media users. In this case, Padukone's attempt to share a cherished moment from the past was met with criticism, with some interpreting it as an attempt to overshadow Bhatt's Met Gala debut.
Source:The Express Tribune
May 02, 2023 16:58 UTC
Former PTI, PML-N lawmakers from South Punjab join PPP
Some former lawmakers and politicians mostly belonging to the Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Tehreek-e-Insaf (PTI) from South Punjab have joined the Pakistan People Party (PPP). According to a statement shared by the PPP on Twitter, these politicians hailing from the Seraiki belt met PPP Co-chairman Asif Ali Zardari and Chairman Bilawal Bhutto Zardari at the Bilawal House in Islamabad on Monday and announced they were joining the PPP. The politicians were Syed Haroon Ahmad Sultan Bukhari, Chaudhry Asghar Jat, Syed Jameel Shah, Malik Faiz Ahmed Khakh Advocate, Rana Intizar Ahmed, Mian Amir Vattu and Masood Majeed Daha. According to the statement, Zardari and Bilawal congratulated the politicians on joining the party. Former prime minister Yusuf Raza Gilani, Syed Ahmed Mahmood, Syed Murtaza Mahmood, Syed Mustafa Mahmood, PPP Muzaffargarh District General Secretary Malik Mazhar Pahor, Malik Fayyaz Ahmed Khakh Advocate and Abdul Qadir Shaheen were also present on the occasion.
Source:The Express Tribune
May 02, 2023 08:38 UTC
Productivity-enhancing reforms crucial for sustaining fast growth
Share:ISLAMABAD-Sustainable growth requires formulation and implementation of productivity-enhancing reforms which would facilitate a better allocation of resources and hence improve regional and global integration, say experts. Talking to WealthPK, National Productivity Organization (NPO) CEO Muhammad Alamgir Chaudry said Pakistan was witnessing low productivity mainly due to regulatory complexities, lack of technological adaptations, and low level of trade openness. A long-term growth agenda requires alleviation of the aforementioned distortions to attain sustainable development, Alamgir opined. Low productivity leads to high input costs and loss of competitiveness in the international market. The reforms recommended by Suleri include encouraging innovation, improving environmental conditions, streamlining regulations, promoting a competition-based economic system, and rethinking the export strategy.
Source:The Nation
May 02, 2023 08:34 UTC
New Zealand premier says he favours nation becoming a republic
WELLINGTON, New Zealand: New Zealand Prime Minister Chris Hipkins said on Monday he personally favours his country becoming a republic, but it’s not a change he intends to push for as leader. Hipkins made the comments to reporters hours before he was due to depart for this week’s coronation of King Charles III in London. New Zealand, a former British colony, is self-governing but Charles retains a largely ceremonial role as head of state and king. Like many former British colonies, New Zealand continues to wrestle with what — if any — constitutional role the British monarchy should play in modern times. Hipkins unexpectedly rose to power following the shock decision in January of former Prime Minister Jacinda Ardern to step down.
Source:The Nation
May 02, 2023 08:32 UTC
Security forces kill TTP commander in DI Khan
Share:ISLAMABAD - Pakistani security forces in an intelligence based operation have successfully eliminated top TTP commander Jabar Shah in the Daraban area of district Dera Ismail Khan on Monday. According to sources, commander Jabar Shah was one of the main commanders of banned TTP and was involved in multiple terror attacks on law enforcement agencies, polio teams, and on people belonging to Shia community. According to details, illed commander Jabar Shah was also found to be active in extorting money on behalf of the terrorist group. This marks the second consecutive success for the security forces in the area, following a similar operation that resulted in the killing of two other terrorists just a day earlier. The security forces have vowed to continue their counter terrorism efforts till elimination of all terrorists from the area and whole Pakistan.
Source:The Nation
May 02, 2023 08:22 UTC
FINANCE: Is Inflation Finally Abating?
In my opinion if we saw a sudden departure from recent inflationary trends, that would certainly catch the attention of the Federal Reserve. I mentioned earlier that markets seemingly do not trust the Federal Reserve, and you could characterize that as fear. Let’s talk about inflation at the tangible goods level, the services level, and the shelter level. The reason is simply that the forces impacting inflation at the services level are unique, and different from forces that impact inflation in other areas. You could argue that while the Fed is attempting to control inflation at a headline level, it is making inflation at the shelter level worse.
Source:The Express Tribune
May 02, 2023 06:53 UTC
Wild goaltenders Filip Gustavsson, Marc-Andre Fleury weigh offseason roles
Filip Gustavsson hopes to play more games next season and help the Wild return to the playoffs. Gustavsson joined the Wild last summer from Ottawa in the Cam Talbot trade, and the 24-year-old made an impressive debut. "First game was good," said Gustavsson, who went 22-9-7 leading up to the playoffs. The Wild tabbed Marc-Andre Fleury for Game 2 but after Dallas won to even the series, Gustavsson started the remaining games before the Wild were bounced from contention with a 4-1 loss in Game 6 on Friday. During the offseason, the Wild want Gustavsson to work on his conditioning to handle more action.
Source:The Express Tribune
May 02, 2023 06:31 UTC
India’s sight is fixed on WTC Final. A win would be a crowning glory to honour the 1971 side
He said that he would “give Rs 10 lakh to anyone who can produce evidence that women were converted and forced to join the Islamic State”. Lawyer, and also an actor, Shukkur, wrote on Facebook that he would also give “Rs 11 lakh to anyone who will name the Kerala women who were converted, and then joined the Islamic State”. As soon as the teaser of the film was released, the ruling CPI-M-led Left and the UDF demanded that the film should not be screened. Kerala Culture Minister, Saji Cherian said “if ‘The Kerala Story’ is screened, people should boycott it”. It traces the journey of four female college students in Kerala who become part of Islamic State.
Source:The Express Tribune
May 02, 2023 06:12 UTC
Ovenbird is season’s first returning warbler
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Source:The Express Tribune
May 02, 2023 01:24 UTC
1 man dead, 1 critically wounded in Birmingham shooting
From Tribune staff reportsBIRMINGHAM — One man is dead and another was critically wounded in a Birmingham shooting on Sunday night, according to BPD officer Truman Fitzgerald. “At around 10:40 p.m., officers were dispatched to the 3100 block of Steiner Avenue Southwest on shots fired,” Fitzgerald said. Officers arrived on the scene and found an adult male lying in the roadway suffering from an apparent gunshot wound, Fitzgerald said. The victim was transported to UAB Hospital by Birmingham Fire and Rescue. “Princeton Hospital staff pronounced the gunshot victim deceased.
Source:The Express Tribune
May 01, 2023 23:15 UTC
32 Tennessee state parks recognized for 'Go Green' performance
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Source:The Express Tribune
May 01, 2023 21:06 UTC