on Greeley police officer kills mountain lion near school By www.denverpost.com Published On :: Wed, 13 Nov 2024 00:33:24 +0000 The mountain lion was considered a public threat and had activated a shelter-in-place order for nearby residents. Full Article Crime and Public Safety Latest Headlines News Greeley Police Department mountain lion police wildlife
on 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
on Broncos assistant head coach Mike Westhoff steps down due to health reasons By www.denverpost.com Published On :: Wed, 13 Nov 2024 01:29:04 +0000 Broncos assistant head coach Mike Westhoff, an instrumental figure in the team’s special teams success, is stepping down to monitor a potential health issue. Full Article Denver Broncos Latest Headlines NFL Sports Broncos special teams More Broncos News Sean Payton
on Morrison police chief Bill Vinelli on leave amid investigation By www.denverpost.com Published On :: Wed, 13 Nov 2024 01:48:28 +0000 “While the investigation takes place, the town will refrain from any additional comment on this matter," according to a press release. Full Article Crime and Public Safety Latest Headlines News Broomfield Police Department domestic violence Morrison Police Department
on 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
on 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
on 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
on Policies for Private Sector Development in Indonesia By www.adb.org Published On :: This paper surveys the evolution of policy on private sector development in Indonesia post-independence. Full Article Publications/Papers and Briefs
on Export Growth and Industrial Policy: Lessons from the East Asian Miracle Experience By www.adb.org Published On :: This paper examines the causes of export success in East and South East Asia and assesses the role of industrial policy. Full Article Publications/Papers and Briefs
on Convergence in Agriculture of Some Asian Countries By www.adb.org Published On :: Growth model finds evidence of agricultural convergence among Asian countries, but changes in factors including foreign aid may make this impossible to realize. Full Article Publications/Papers and Briefs
on 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
on Number of Children and Their Education in Philippine Households By www.adb.org Published On :: This paper examines the impact of family size on children's education in the Philippines. Full Article Publications/Papers and Briefs
on 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
on Prospects of India–Bangladesh Economic Cooperation: Implications for South Asian Regional Cooperation By www.adb.org Published On :: Bangladesh and India should pursue bilateral economic cooperation to enhance South Asian regional cooperation. Full Article Publications/Papers and Briefs
on 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
on Infrastructure and Regional Development in the People's Republic of China By www.adb.org Published On :: Theoretical and empirical analyses of People's Republic of China's infrastructure and rural development. Full Article Publications/Papers and Briefs
on Governance in Indonesia: Some Comments By www.adb.org Published On :: This paper discusses several selected topics concerning governance in Indonesia, September 2005. Full Article Publications/Papers and Briefs
on Policy Environment and Regulatory Reforms for Private and Foreign Investment in Developing Countries: A Case of the Indian Power Sector By www.adb.org Published On :: To attract infrastructure investment to meet national goals for providing electricity to consumers, India needs continued macroeconomic stability as well as an improved policy and regulatory environment. Full Article Publications/Papers and Briefs
on Rice Contract Farming in Lao PDR: Moving from Subsistence to Commercial Agriculture By www.adb.org Published On :: This study finds contract farming in Lao PDR to be effective in raising incomes of small farmers, thus reducing poverty. Full Article Publications/Papers and Briefs
on 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
on 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
on 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
on Economic Challenges of Post-Tsunami Reconstruction in Sri Lanka By www.adb.org Published On :: Sri Lanka's post-tsunami reconstruction experience provides lessons for future major disasters, particularly for realistic needs assessment. Full Article Publications/Papers and Briefs
on Road Development and Poverty Reduction: The Case of Lao PDR By www.adb.org Published On :: Lack of access to good road networks is a major constraint on the incomes and welfare of the poor. Using household expenditure survey data for Lao PDR this paper models the causes of poverty and shows the impact on poverty levels of road improvements. Full Article Publications/Papers and Briefs
on Economic and Social Development in the People's Republic of China's North-East Region: a Comparative Study By www.adb.org Published On :: This paper analyses economic and social indicators across provinces in the People's Republic of China. Full Article Publications/Papers and Briefs
on 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
on 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
on PCB asks ICC to explain India Champions Trophy refusal By www.dawn.com Published On :: Tue, 12 Nov 2024 20:34:48 +0500 The Pakistan Cricket Board (PCB) said on Tuesday it has asked the sport’s governing body to explain India’s refusal to send a team to Pakistan for the Champions Trophy next year. The International Cricket Council (ICC) informed the PCB last week that India would not tour Pakistan for the eight-team tournament, leaving the fate of the event hanging in the balance. Pakistan had previously rejected the option of a hybrid arrangement that would allow India to play their matches at neutral venues, for example in the United Arab Emirates. “The PCB has responded to last week’s ICC letter seeking clarifications for the Indian Board’s decision not to travel to Pakistan for next year’s Champions Trophy,” Sami-Ul-Hasan told AFP. Deteriorating political ties have meant the bitter rivals have not played a bilateral cricket series for over a decade — squaring off only in ICC multi-nation events. Pakistani media reported on Tuesday that the PCB would be unwilling to accept security reasons for India’s refusal to visit. New Zealand have toured Pakistan three times in the past two years, with England visiting twice and Australia once in the same period. Pakistan also visited India for last year’s ODI World Cup and the PCB had expected the gesture to be reciprocated for the Champions Trophy. The Champions Trophy is slated to be played across three venues — Lahore, Rawalpindi and Karachi — from February 19 to March 9 next year. But a final schedule due to be announced this week has been postponed over the stand-off — which PCB chairman Mohsin Naqvi termed disappointing. “Almost every country wants the tournament to be played in Pakistan and it will be disappointing if they don’t come,” Naqvi, who is also the interior minister, said last week. “I don’t think anyone should make this a political matter. We’ll give every team as many facilities as we can.” Naqvi said Pakistan would consider pulling out of events in India as a response. “Pakistan has shown great gestures to India in the past, and we’d like to say clearly India shouldn’t expect such friendly gestures from us every time”. India is due to host the women’s ODI World Cup and Asia Cup next year and will co-host the Twenty20 World Cup with Sri Lanka in 2026. Full Article Sport
on 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
on 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
on 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
on 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
on 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
on Iran, Russia link bank card systems to counter sanctions By www.dawn.com Published On :: Wed, 13 Nov 2024 10:12:04 +0500 TEHRAN: Iranian bank cards can now be used in Russia, state television reported, as the two countries linked their banking systems in the latest bid to counteract sanctions. Iranian banks have been excluded since 2018 from the SWIFT international financial messaging service, which governs the vast majority of transactions worldwide. The move is part of a raft of sanctions that were re-imposed on Iran after the United States withdrew from a landmark 2015 nuclear deal. Iranian bank cards can now be used in Russia, state television channel IRINN said on Monday, showing the withdrawal of money using an Iranian bank card from an ATM in Russia. Iranians can now use their cards in Russia to pay for in-store purchases The operation was made possible by connecting Iran’s interbank network Shetab to its Russian equivalent Mir, the channel said. Iranians can currently withdraw money in Russia, and will in the future be able to use their cards to pay for in-store purchases, it added. “The plan is also going to be implemented in other countries that have a wide range of financial and social interactions with Iran, for example Iraq, Afghanistan and Turkiye,” it said. Both Iran and Russia have sought to counteract the effects of sanctions on their economies. Since the start of Russia’s invasion of Ukraine in 2022, Moscow has faced mounting sanctions, and its ties with Tehran have grown closer in parallel. Ukraine and its Western allies have since the start of the conflict accused Iran of supplying Russia with both drones and missiles for use in the war. Tehran and Moscow signed an agreement in June to strengthen their cooperation in the banking sector. In the future, Russians will also be able to use their bank cards in Iran, IRINN said, without specifying when. Russia has been pushing for the creation of an international payment platform as an alternative to the SWIFT service, from which key Russian banks have also been excluded since 2022. Published in Dawn, November 13th, 2024 Full Article World
on LHC seeks long-term policy to control smog By www.dawn.com Published On :: Wed, 13 Nov 2024 07:33:30 +0500 LAHORE: The Lahore High Court (LHC) has observed that a long-term policy is needed to control smog, directing the Punjab government to take actions beyond mere paperwork. Hearing environment-related petitions on Tuesday, Justice Shahid Karim remarked that the federal government should also be roped in to address the issue that plagues Punjab. Advocate General for Punjab (AGP) Khalid Ishaq and provincial Secretary of Transport Department Ahmed Javed Qazi also appeared before the court. The judge noted that the current approach of the government was insufficient, saying that if smog had appeared in September this time, it might turn up in August next year. Justice Karim remarked that a 10-year policy was needed to combat the menace of smog. He acknowledged that the sitting government performed better than its predecessors but there was still more work to be done. He also hailed the performance of Environment Protection Department Director General Imran Hamid Sheikh, urging other departments to follow suit. He noted that the transport sector caused 70 to 80pc of environmental pollution due to the use of smuggled low-grade fuel. The judge insisted on considering the future of industries established within Lahore, citing the example of Beijing where all industries were moved outside the city. He said Beijing had proposed solutions but the Punjab government didn’t take them seriously. The AGP replied that there were challenges in the execution of China’s suggestions on smog and the court would be apprised of the matter soon. He further told the court that a policy to combat smog had been devised and a budget had also been allocated. From next year, he said, the citizens might be asked to avoid holding weddings from October to December. However, the judge suggested that the government could impose restrictions on weddings, limiting them to one event instead of three, alongside a one-dish policy. Justice Karim regretted that the government took actions only when the court became aware of environmental issues. He said major construction projects in Lahore might need to be halted to control the situation. The judge remarked that even government-owned Speedo buses emit significant smoke, what to talk about the private transport. He expressed concerns, saying the current smog would persist until January. “This is a wake-up call for the government. Planning for the next year must begin immediately,” Justice Karim observed, adding that the planning was the responsibility of the government and the court did not want to intervene. The judge was of the view that solving the school buses issue alone could reduce pollution significantly. Published in Dawn, November 13th, 2024 Full Article Pakistan
on Don’t ‘normalise’ debt burden of the vulnerable: PM By www.dawn.com Published On :: Wed, 13 Nov 2024 10:05:31 +0500 • At COP29 leaders’ summit, Shehbaz Sharif reminds West of broken promises, calls for overhaul of global climate financing framework • Links humanity’s survival with health of glaciers, says Pakistan ready to work with world for their protection • Meets British, Danish, Turkish, Central Asian leaders among others on sidelines of climate summit BAKU: Prime Minister Shehbaz Sharif on Tuesday said that debt cannot become the “acceptable new normal” in climate financing, as he addressed the challenges faced by developing countries within the global climate finance framework. “We stand at a crucial threshold where global climate finance framework must be redefined to effectively meet the needs of vulnerable nations,” he told a Climate Finance Round Table Conference organised by Pakistan on the sidelines of the two-day World Leaders Climate Action Summit. He explained that financing in the form of loans increases the debt of developing nations and pushes them towards “mounting debt traps” which he referred to as “death traps”. “Debt cannot become the acceptable new normal in climate financing which is why we must resume focus on non-debt financing solutions enabling countries to fund climate initiatives,” the PM said. “Despite years of promises and commitments, the gaps are growing, leading to aggregate barriers in achieving objectives of the UN Framework Convention on Climate Change (UNFCCC).” View this post on Instagram Pakistan is ranked among the top 10 most climate-vulnerable countries, according to the Global Climate Risk Index 2021. It has faced increasingly frequent and severe weather events, such as unprecedented floods, intense monsoon rains, devastating heat waves, rapid glacial melting and glacial lake outburst floods. Calling climate financing an “urgent need of the hour”, PM Shehbaz said that developing countries need to deliver Nationally Determined Contributions (NDCs) and “need an estimated $6.8 trillion by 2030 to implement less than half of their current NDCs”. He further urged donor countries to “fulfil their commitment”, which is 4.7 per cent of their gross national product and capitalise on existing climate funds. The PM said that Pakistan can relate to the “agony and pain of other vulnerable countries”, highlighting how the country faced two devastating floods. While emphasising transparency and coordination in financial commitments made to developing countries, he stated that Pakistan alongside other developing countries, calls for stronger more equitable climate finance mechanisms under the UNFCCC. He reiterated the pertinent need for reform of international financial architecture saying that “now is the time to build up on the momentum for international financial reforms” so that no nation is left behind in the global response to climate change. Call to protect glaciers In remarks delivered later at an event on glaciers, the PM linked the survival of mankind with the health of glaciers, adding that Pakistan, as one of the most affected country, was ready to work with the international community to protect these valuable natural resources. View this post on Instagram Addressing Glaciers 2025; Actions for Glaciers, hosted by Tajik President Emamoli Rahmon, the prime minister called upon all the countries to unite in the efforts of protecting glaciers from pollution and snow melt by taking concrete and decisive actions to secure the future of glaciers as well as protect the mankind. He said Pakistan was home to 7,000 glaciers which provided an approximately 60 to 70 per cent water for the Indus River flow, supporting 90pc of agriculture and serving its 200 million people. However, the glaciers that provide water for this river have been shrinking over a period of time and at an alarming time, which is estimated at about 23pc decrease since 1960, he added. The prime minister said this retreat was driven by rising temperatures and the consequences of these changes were glaringly visible. He shared that accelerated glacial melt had led to the formation of more than 3,000 glacial lakes in the northern areas of Pakistan which were posing great threat. Out of these, he said, about 33 lakes were estimated at the risk of outburst flooding, putting lives of over 7 million people in danger. Meetings with world leaders On the sidelines of COP29, PM Shehbaz interacted with UAE President Sheikh Mohammed bin Zayed Al Nahyan and discussed cooperation on climate change. Mr Sharif also met with UK PM Sir Keir Starmer, where the two leaders discussed enhancing bilateral ties. He also met with Turkish President Recep Tayyip Erdogan and his wife Emine Erdogan, where they discussed environmental pollution as well as matters of mutual interest between the two friendly nations, the report added. PM Shehbaz also met with the Czech PM Petr Fiala and Danish PM Mette Frederiksen and stressed the need to enhance bilateral cooperation as well as build global consensus on the key climate change priorities. In his interactions with Nepal’s President Ramchandra Paudel and Bangladesh’s Muhammad Yunus, PM Shehbaz discussed growing temperatures, the threat of rising sea levels, and forest conservation in South Asia. Kazakhstan President Kassym-Jomart Tokayev and PM Shehbaz explored strengthening bilateral relations. In his meetings with Uzbek President Shavkat Mirziyoyev and Tajikistan’s Rahmon, the leaders spoke about the conservation of glaciers and water resources in Central Asian countries and Pakistan. With input from APP Published in Dawn, November 13th, 2024 Full Article Newspaper
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