DOHA: Qatar will work with US President Joe Biden's administration "until the last minute" before the Presidential election to reach a Gaza ceasefire deal, Qatari foreign ministry spokesperson Majed Al-Ansari told a press conference on Tuesday.
ISLAMABAD: The World Bank Group’s (WBG) Boards of Executive Directors on Tuesday announced a decade-long Country Partnership Framework (CPF) for Pakistan, a plan the administration in Islamabad hopes will channel $40 billion in economic support to drive inclusive and sustainable development.
The country plan is a strategic framework that shapes the WBG’s long-term engagement with a country. It is built on a thorough assessment of the nation’s critical challenges and opportunities, ensuring that the group’s financial, technical and advisory resources are precisely aligned with the country’s development priorities for optimal impact.
According to the World Bank, the new framework for Pakistan targets six major areas, including education, health care, environmental resilience and financial management.
“Our new decade-long partnership framework for Pakistan represents a long-term anchor for our joint commitment with the Government to address some of the most acute development challenges facing the country,” said Najy Benhassine, World Bank Country Director for Pakistan. “Support to policy and institutional reforms that boost private sector-led growth and create fiscal space to finance the investments needed to address these challenges will remain key in our engagements.”
According to a statement from Pakistan’s Economic Affairs Division, the World Bank and its partner institutions have committed a total of $40 billion under the framework. This includes $20 billion from the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD), while an additional $20 billion will come from the International Finance Corporation (IFC), which focuses on private sector development.
The WBG noted that the country plan aims to reduce child stunting by improving access to clean water, sanitation and nutrition services, while also addressing learning poverty through better foundational education.
Other priorities include bolstering resilience to floods and climate-related disasters, improving food and nutrition security, promoting cleaner energy and better air quality, and enhancing fiscal management to create space for development spending.
Zeeshan Sheikh, IFC Country Manager for Pakistan and Afghanistan, highlighted the importance of private sector participation in these areas, saying, “We are focused on prioritizing investment and advisory interventions that will help crowd-in much needed private investment in sectors critical for Pakistan’s sustainable growth and job creation, including energy and water, agriculture, access to finance, manufacturing and digital infrastructure.”
The framework also includes cross-cutting measures such as expanding social safety nets, advancing financial inclusion and enhancing digital and transport connectivity to protect vulnerable populations, particularly women.
Since commencing operations in Pakistan in 1950, the WBG has provided over $48.3 billion in assistance through IBRD, invested $13 billion via IFC to advance private sector-led growth, and delivered $836 million in guarantees through Multilateral Investment Guarantee Agency (MIGA).
Currently, the WBG’s portfolio in Pakistan includes 106 projects with a total commitment of $17 billion.
Dense fog and cold weather delayed train and flight departures in several parts of northern India, including its capital New Delhi, on Wednesday.
India’s weather office issued an orange alert for Delhi, the second highest warning level, forecasting dense to very dense fog in many areas.
Visibility at Delhi’s main airport was between zero to 100 meters (328.08 ft), the weather office said, and more than 40 trains across northern India were delayed because of fog, local media reported.
Some aircraft departures from Delhi were delayed, airport authorities said on social media platform X, warning that flights lacking the CAT III navigation system that enables landing despite low visibility would face difficulties. Delhi’s main airport handles about 1,400 flights every day.
“Low visibility and fog over Delhi may lead to some delays,” the country’s largest airline IndiGo said in a social media post.
Local media showed images of vehicles crawling along highways through the fog, and people huddled indoors as the temperature dipped to 7 degrees Celsius (44.6 degrees Fahrenheit).
Delhi was ranked as the world’s most polluted city in live rankings by Swiss group IQAir on Wednesday, with a reading of 254, ranked as “very unhealthy.”
The Indian capital has been battling poor air quality and smog since the beginning of winter.
ISLAMABAD: Eight Pakistani firms are participating in the Intersec 2025 business exhibition in Dubai, the Pakistani embassy in the United Arab Emirates (UAE) said on Tuesday.
The 26th edition of Intersec, touted as the world’s largest business exhibition for security, safety and fire protection, is being held on Jan. 14 -16 at Dubai World Trade Center.
On Tuesday, Pakistani Consul-General Hussain Muhammad, along with Trade and Investment Counselor Ali Zeb Khan, inaugurated the Pakistan Pavilion at the exhibition.
“Pakistani companies, under the auspices of the Trade Development Authority of Pakistan (TDAP), are participating in event to showcase their products,” the Pakistani embassy said in a statement.
“The Pakistani exhibitors expressed their satisfaction with the event arrangements and emphasized the significance of such platforms in enhancing Pakistan’s export potential to the UAE and other GCC [Gulf Cooperation Council] markets.”
The development comes as Pakistan, faced with a prolonged economic crisis, has been making efforts to enhance trade with various countries in the region as well as to attract foreign investment to revive its $350 billion economy.
Policymakers in Pakistan consider the UAE an optimal export destination due to its geographical proximity, which minimizes transportation and freight costs while facilitating commercial transactions.
The Pakistani consul-general said the participation of Pakistani companies in global exhibitions like Intersec underscores Pakistan’s commitment to fostering trade ties and showcasing its capabilities in the safety sector.
“The event provides an ideal opportunity for Pakistani companies to explore the world market and make business connections,” he added.
SEOUL: South Korean President Yoon Suk Yeol was arrested on Wednesday over his failed martial law bid, after hundreds of anti-graft investigators and police raided his residence to end a weeks-long standoff.
Yoon, who was impeached and charged with insurrection over his short-lived effort to impose martial law last month, is the first sitting president in the nation’s history to be arrested.
Hundreds of police officers and investigators from the Corruption Investigation Office had streamed up the driveway to the presidential residence before dawn on Wednesday, some scaling perimeter walls and hiking up back trails to reach the main building.
It was their second effort to arrest Yoon.
A first attempt on January 3 failed after a tense hours-long standoff with members of Yoon’s official Presidential Security Service (PSS), who refused to budge when investigators tried to execute their warrant.
Yoon’s lawyer announced on Wednesday morning the president had agreed to speak to investigators and that he had decided to leave the residence to prevent a “serious incident.”
“President Yoon has decided to personally appear at the Corruption Investigation Office today,” Seok Dong-hyeon said on Facebook, adding that Yoon would also deliver a speech.
But investigators announced shortly after that Yoon had been arrested.
“The Joint Investigation Headquarters executed an arrest warrant for President Yoon Suk Yeol today (January 15) at 10:33 am (0130 GMT),” they said in a statement.
AFP reporters earlier witnessed brief scuffles at the gate, where Yoon’s die-hard supporters had been camped out to protect him, as authorities first moved on the compound.
Lawmakers from Yoon’s ruling People Power Party also rushed to the area in an apparent bid to defend him, AFP reporters saw.
His supporters were heard chanting “illegal warrant!” while waving glow sticks and South Korean and American flags. Some laid on the ground outside the residential compound’s main gate.
Police and CIO officers began forcibly removing them from the entrance to the residence while around 30 lawmakers from Yoon’s ruling People Power Party also blocked investigators, Yonhap News TV reported.
Yoon’s guards had installed barbed wire and barricades at the residence, turning it into what the opposition called a “fortress.”
Due to the tense situation, police decided not to carry firearms but only to wear bulletproof vests for the new attempt Wednesday, in case they were met by armed guards, local media reported.
Following his arrest, Yoon can be held for up to 48 hours on the existing warrant. Investigators would need to apply for another arrest warrant to keep him in custody.
Yoon’s legal team had repeatedly decried the warrant as illegal.
In a parallel probe, Yoon’s impeachment trial began Tuesday with a brief hearing after he declined to attend.
Although his failure to attend — which his team has blamed on purported safety concerns — forced a procedural adjournment, the hearings will continue without Yoon, with the next set for Thursday.
