Showing posts with label Pakistan. Show all posts
Showing posts with label Pakistan. Show all posts

Friday, August 1, 2014

11 countries near bankruptcy

Fri, Aug 1, 2014, 3:28 PM EDT

11 countries near bankruptcy
24/7 Wall St. By Alexander E.M. Hess and Alexander Kent
6 hours ago

After years of bitter court battles with creditors, Argentina has defaulted on its debt, according to rating agency Standard & Poor’s. After failing to come to an agreement with creditors from its previous default in 2001, the country missed necessary bond payments on July 31, triggering the default announcement. As of publication, other organizations, most notably the rating agency Moody’s Investors Service and the International Swaps and Derivatives Association, a derivatives trade group, have yet to release public statements confirming the default.

Argentina is not the only country that has struggled, or even failed, to pay its debt in recent years. It is hardly the only country with a severely impaired credit rating either. Alongside Argentina, Moody’s currently lists 10 other countries with a rating of Caa1 or worse. A Caa1 rating is several notches below Ba1, which still carries substantial credit risk. Based on ratings from Moody’s Investors Service, these are the 11 countries at risk of default.

The countries with the lowest credit ratings significantly differ from one another. They span the globe, ranging from Greece and Ukraine in Europe, to Pakistan in Asia, to Ecuador, Venezuela, and Belize in South America.

Wednesday, August 21, 2013

Pakistan ex-President Musharraf charged with
Benazir Bhutto's murder

Former Pakistani president Pervez Musharraf (AFP Photo)

Pakistan ex-President Musharraf charged with Benazir Bhutto's murder
Published time: August 20, 2013 04:15
Edited time: August 20, 2013 05:52

Former Pakistani President Pervez Musharraf has been charged with the murder of former Prime Minister Benazir Bhutto in 2007. The ex-military leader has denied all the charges against him.

"He was charged with murder, criminal conspiracy for murder and facilitation for murder," Public Prosecutor Chaudhry Azhar told AFP at the anti-terrorism court in Rawalpindi hearing the case.

Then-opposition leader Benazir Bhutto was killed in December 2007 during a political rally in the city of Rawalpindi by a suicide bomber. The judge ruled that Musharraf was complicit in her murder because he had not provided adequate security during the rally.

Thursday, March 7, 2013

Former Pakistan Finance Minister Abdul Hafeez Shaikh Resigned as a Member of Senate

Abdul Hafeez Shaikh resigns from senate seat

March 07, 2013 - Updated 1735 PKT

ISLAMABAD: Former Finance Minister Abdul Hafeez Shaikh resigned as a member of senate which was immediately accepted, Geo News reported.

Election Commission of Pakistan (EC) scheduled election on his seat on March 14.

Chairman Senate Nayyar Bukhari's office received the resignation which was immediately accepted.

Abdul Hafeez mentioned personal issues as a reason of his resignation.

Election commission has called by-polls on Abdul Hafeez seat on March 14. Polling will be conducted in Sindh Assembly's hall.

Tuesday, October 23, 2012

New Stanford/NYU Study Documents
the Civilian Terror From Obama's Drones

Glenn Greenwald: "A one-day attack on US soil eleven years ago unleashed 
a never-ending campaign of violence around the world from  the target and its allies."
 Photograph: Massoud Hossaini/AFP/Getty

New Stanford/NYU study documents the civilian terror from Obama's drones
New research shows the terrorizing impact of drones in Pakistan, false statements from US officials, and how it increases the terror threat

Glenn Greenwald -,

Tuesday 25 September 2012 08.18 EDT

A vitally important and thoroughly documented new report on the impact of Obama's drone campaign has just been released by researchers at NYU School of Law and Stanford University Law School. Entitled "Living Under Drones: Death, Injury and Trauma to Civilians From US Drone Practices in Pakistan", the report details the terrorizing effects of Obama's drone assaults as well as the numerous, highly misleading public statements from administration officials about that campaign. The study's purpose was to conduct an "independent investigations into whether, and to what extent, drone strikes in Pakistan conformed to international law and caused harm and/or injury to civilians".

The report is "based on over 130 detailed interviews with victims and witnesses of drone activity, their family members, current and former Pakistani government officials, representatives from five major Pakistani political parties, subject matter experts, lawyers, medical professionals, development and humanitarian workers, members of civil society, academics, and journalists." Witnesses "provided first-hand accounts of drone strikes, and provided testimony about a range of issues, including the missile strikes themselves, the strike sites, the victims' bodies, or a family member or members killed or injured in the strike".

Here is the powerful first three paragraphs of the report, summarizing its main findings:
In the United States, the dominant narrative about the use of drones in Pakistan is aof a surgically precise and effective tool that makes the US safer by enabling "targeted killing" of terrorists, with minimal downsides or collateral impacts.

This narrative is false.

Following nine months of intensive reasearch-including two investigations in Pakistan, more than 130 interviews with victims, witnesses, and experts, and review thousands of pages of documentation and media reporting-this report presents evidence of the damaging and counter productive effects of current US drone strike policies. Based on extensive interviews with Pakistanis living in the regions directly affected, as well as humanitarian and medical workers, this report provides new and firsthand testimony about the negative impacts US policies aare having on civilians living under drones.
While noting that it is difficult to obtain precise information on the number of civilian deaths "because of US efforts to shield the drone program from democratic accountability", the report nonetheless concludes: "while civilian casualties are rarely acknowledged by the US government, there is significant evidence that US drone strikes have injured and killed civilians."