Pakistani finance minister meets UAE envoy amid IMF push for external financing commitments

Pakistan and the United Arab Emirates (UAE) flags are pictured during the UAE President Sheikh Mohamed bin Zayed Al Nahyan visit to Islamabad, Pakistan, on January 6, 2022. (Photo courtesy: WAM/File)
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Updated 29 March 2023
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Pakistani finance minister meets UAE envoy amid IMF push for external financing commitments

  • IMF says staff level agreement to follow financing assurances from bilateral partners like China, Saudi Arabia, UAE
  • IMF funding is critical for Pakistan to unlock other external financing avenues to avert a default on its obligations

ISLAMABAD: The top United Arab Emirates diplomat in Pakistan, Hamad Obaid Ibrahim Salim Al-Zaabi, held a meeting with the federal finance minister, Muhammad Ishaq Dar, on Wednesday, as the International Monetary Fund (IMF) pushed the South Asian nation to get external financing commitments from friendly countries before it releases bailout funds.

The lender has been negotiating with Islamabad since early February to resume $1.1 billion in funding held since November, part of a $6.5 billion bailout agreed in 2019.

The IMF funding is critical for Pakistan to unlock other external financing avenues to avert a default on its obligations. Its diminished central bank reserves barely cover four weeks of imports.

Speaking to reporters last week, IMF communications director Julie Kozack said a staff level agreement would follow after financing assurances from other multilateral institutions, including the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank, and bilateral partners like China, Saudi Arabia, and the UAE.

"H.E. Mr. Hamad Obaid Ibrahim Salim Al-Zaabi, Ambassador of the United Arab Emirates called on Finance Minister Senator Mohammad Ishaq Dar, today and exchanged views on further enhancing bilateral economic and financial relations between the two countries," the Pakistani finance ministry said in a Twitter post after the meeting.

 

 

The UAE is Pakistan’s third-largest trade partner after China and the United States and seen as an ideal export destination for Islamabad due to its geographic proximity which reduces transportation and freight costs and facilitates commercial exchanges.

The UAE has also assisted Pakistan financially in the past with deposits in the State Bank. Pakistan's primary exports to the UAE include textile products and food items.


Music ‘haven of freedom’ Tangiers hosts global jazz festival

Updated 8 min 41 sec ago
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Music ‘haven of freedom’ Tangiers hosts global jazz festival

  • This year’s Jazz Day will be held over four days starting on Saturday, during which talks and open-air performances will be held in Tangiers

TANGIERS, Morocco: The Moroccan city of Tangiers, which has a long history as a haven of inspiration for American jazz musicians, will host UNESCO’s International Jazz Day for the first time on Tuesday.
Over the last century, jazz greats such as Randy Weston, Idrees Sulieman and Max Roach all crossed the Atlantic to play and record music in the North African port city, perched on the edge of the Strait of Gibraltar.
“The city has had a fascinating power of attraction on a wave of intellectuals and musicians,” Philippe Lorin, the founder of an annual Tangiers jazz festival, told AFP.
“It’s not for nothing that a writer once said there was always a cruise liner in New York preparing to sail for Tangiers.”
This year’s Jazz Day will be held over four days starting on Saturday, during which talks and open-air performances will be held in Tangiers.
The festivities will culminate in an “All-Star Global Concert” on Tuesday led by jazz icon Herbie Hancock, also featuring bassists Marcus Miller and Richard Bona, as well as guitarist Romero Lubambo.
The city’s cosmopolitan artistic reputation stems from its location between Africa and Europe as well as its history, having been administered by several colonial powers from 1923 to 1956, the year Morocco gained independence.
This melting pot of influences prompted visits from international writers and poets, notably from the Beat Generation movement, as well as African American musicians seeking to find “their African roots,” Moroccan historian Farid Bahri told AFP.
Lorin said that Tangiers “was a haven of freedom — just like jazz music.”

A pivotal moment in the city’s musical history came in 1959, when Tangiers jazz promoter Jacques Muyal — then just a teenager — recorded a session with trumpeter Idrees Sulieman, pianist Oscar Dennard, bassist Jamil Nasser and drummer Buster Smith at the Radio Tanger International studio.
The recording gained renown in jazz circles decades before its distribution as “The 4 American Jazzmen In Tangier” album in 2017.
Bahri, the author of “Tangiers, a world history of Morocco,” said “the presence of American musicians in Tangiers was also linked to a very active American diplomacy.”
Famous US pianist Randy Weston settled in Tangiers for five years after visiting 14 African countries in 1967 during a tour organized by the US State Department.
The Brooklynite virtuoso would play a key role in building the musical reputation of the city, to which he dedicated his 1973 album “Tanjah.”
“Randy was an exceptional, kind and respectful man,” said Abdellah El Gourd, a 77-year-old Moroccan legend of gnawa music, a centuries-old style played with a three-stringed lute and steel castanets, rooted in West African rituals and Sufi traditions.
“He gave a lot to the city and its musicians,” added the friend and collaborator of Weston, who died in 2018.

Together, El Gourd and Weston blurred the lines of their respective genres, creating the beginnings of jazz-gnawa fusion, which remains a key part of Tangiers’ musical legacy.
“The language barrier was never a problem because our communication was through (musical) scales,” El Gourd recalled in a rehearsal room lined with old photos and memorabilia from the years he toured with Weston and jazz saxophonist Archie Shepp.
“Our language was music.”
The two men’s collaborative work would years later yield the acclaimed 1992 album “The Splendid Master Gnawa Musicians of Morocco.”
Two years after settling in the city, Weston opened the African Rhythms jazz club, above the iconic Cinema Mauritania in downtown Tangiers.
“We used to rehearse there,” El Gourd recalled. “Randy would invite his musician friends. It was a beautiful time.”
With El Gourd’s help, Weston launched Tangiers’ first-ever jazz festival in 1972, featuring big names such as drummer Max Roach, flautist Hubert Laws, double-bassist Ahmed Abdul-Malik, and saxophonist Dexter Gordon.
“It was quite a unique experience, because it was the first time we played in front of such a large audience,” said El Gourd, who was then used to small crowds for gnawa performances.
Weston and El Gourd’s festival was only held once.
But three decades later it inspired Lorin to create the Tanjazz festival, which is held in the port city every September.


US announces $6 billion in security aid for Ukraine

Updated 36 min 49 sec ago
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US announces $6 billion in security aid for Ukraine

  • The package is the second this week, following another valued at $1 billion
  • Ukraine’s President Volodymyr Zelensky said the US delay in approving new assistance has been costly for Kyiv

WASHINGTON: Defense Secretary Lloyd Austin on Friday announced the United States will provide key air defense munitions and artillery rounds to Ukraine as part of a $6 billion military aid package that is its largest ever for Kyiv.
The package is the second this week, following another valued at $1 billion that was announced just after US President Joe Biden signed a much-delayed bill to provide new funding for Ukraine as it struggles to hold back Russian advances.
“This is the largest security assistance package that we’ve committed to date,” Austin told journalists following the conclusion of a virtual meeting of dozens of Kyiv’s international supporters.
“They need air defense interceptors, they need artillery systems and munitions. They need... armored vehicles, they need maintenance and sustainment. So all of those kinds of things are included” in the package,” he said.
Ukraine has in recent months pleaded for more air defenses from its Western allies as it struggles to fend off a surge in deadly attacks on civilian infrastructure, and the new package includes interceptors for both Patriot and NASAMS air defense systems.
But unlike the $1 billion package announced Wednesday, which featured items that will be drawn from US stocks, the latest assistance will be procured from the defense industry, meaning it will take longer to arrive on the battlefield.
Speaking at the opening of the virtual meeting, Ukraine’s President Volodymyr Zelensky said the US delay in approving new assistance has been costly for Kyiv.
“While we were waiting for a decision on the American support, the Russian army managed to seize the initiative on the battlefield,” Zelensky said.

“We can still now not only stabilize the front, but also move forward, achieving our Ukrainian goals in the war,” he said, while noting that “Ukrainian defenders need your sufficient and timely support.”
A senior US defense official said this week that “Ukrainian forces have been rationing their ammunition for quite some time, rationing their capabilities.”
Aid from the United States and other countries “will enable the Ukrainians to begin to retake the initiative,” but “this will not be a rapid process,” the official said on condition of anonymity.
“The Ukrainians will need to rebuild quite a bit to take on board all of these new supplies... and ensure that they can defend their positions. So I would not forecast any large-scale offensive in the near-term,” the official added.
The United States has been a key military backer of Ukraine, committing tens of billions of dollars in security assistance since Russia launched its full-scale invasion in February 2022.
But prior to this week, Washington had announced new aid for Ukraine on just one other occasion this year, a $300 million package in March that was only made possible by using money that the Pentagon had saved on other purchases.
A squabbling Congress had not approved large-scale funding for Kyiv for nearly a year and a half, but eventually took action starting last week after months of acrimonious debate among lawmakers over how or even whether to help Ukraine defend itself.
The US House of Representatives on April 20 approved legislation authorizing $95 billion in aid funding, including $61 billion for Ukraine, while the Senate passed the measure on Tuesday and Biden signed it into law the following day.
 


Mexican doctor claims victory in $28 Cartier earrings battle

Updated 52 min 8 sec ago
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Mexican doctor claims victory in $28 Cartier earrings battle

MEXICO CITY: A Mexican man has claimed a victory over French luxury brand Cartier, saying an error allowed him to buy two pairs of earrings for $28 that were supposed to cost nearly $28,000.
After a four-month struggle, doctor Rogelio Villarreal said he had finally received the jewelry, which he accused the company of refusing to deliver after his online purchase in December.
According to Villarreal, he came across the low-priced earrings while browsing Instagram.
“I swear I broke out in a cold sweat,” he wrote on the social media platform X.
Cartier declined to recognize the purchase and offered Villarreal a refund, as well as a bottle of champagne and a passport holder as compensation, according to a company letter shared by the doctor.
But Villarreal refused and decided to take the case to Mexico’s consumer protection agency, which ruled in favor of the doctor.
Cartier accepted the decision, Villarreal announced.
“War is over. Cartier is complying,” he wrote.
 

 

 


It’s 30 years since apartheid ended. South Africa’s celebrations are set against growing discontent

Updated 28 April 2024
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It’s 30 years since apartheid ended. South Africa’s celebrations are set against growing discontent

  • South Africa is still the most unequal country in the world in terms of wealth distribution, according to the World Bank, with race a key factor
  • While the damage of apartheid remains difficult to undo, the ANC is increasingly being blamed for South Africa’s current problems

PRETORIA: South Africa marked 30 years since the end of apartheid and the birth of its democracy with a ceremony in the capital Saturday that included a 21-gun salute and the waving of the nation’s multicolored flag.
But any sense of celebration on the momentous anniversary was set against a growing discontent with the current government.
President Cyril Ramaphosa presided over the gathering in a huge white tent in the gardens of the government buildings in Pretoria as head of state.

He also spoke as the leader of the African National Congress party, which was widely credited with liberating South Africa’s Black majority from the racist system of oppression that made the country a pariah for nearly a half-century.
The ANC has been in power ever since the first democratic, all-race election of April 27, 1994, the vote that officially ended apartheid.
But this Freedom Day holiday marking that day fell amid a poignant backdrop: Analysts and polls predict that the waning popularity of the party once led by Nelson Mandela is likely to see it lose its parliamentary majority for the first time as a new generation of South Africans make their voices heard in what might be the most important election since 1994 next month.

People queue to cast their votes in Soweto, South Africa, on April 27, 1994, in the country's first all-race elections. South Africans celebrate "Freedom Day" every April 27, when they remember their country's pivotal first democratic elections in 1994 that announced the official end of the racial segregation and oppression of apartheid. (AP Photo/File)

“Few days in the life of our nation can compare to that day, when freedom was born,” Ramaphosa said in a speech centered on the nostalgia of 1994, when Black people were allowed to vote for the first time, the once-banned ANC swept to power, and Mandela became the country’s first Black president. “South Africa changed forever. It signaled a new chapter in the history of our nation, a moment that resonated across Africa and across the world.”
“On that day, the dignity of all the people of South Africa was restored,” Ramaphosa said.
The president, who stood in front of a banner emblazoned with the word “Freedom,” also recognized the major problems South Africa still has three decades later with vast poverty and inequality, issues that will be central yet again when millions vote on May 29. Ramaphosa conceded there had been “setbacks.”
The 1994 election changed South Africa from a country where Black and other nonwhite people were denied most basic freedoms, not just the right to vote. Laws controlled where they lived, where they were allowed to go on any given day, and what jobs they could have. After apartheid fell, a constitution was adopted guaranteeing the rights of all South Africans no matter their race, religion, gender or sexuality.
But that hasn’t significantly improved the lives of millions, with South Africa’s Black majority that make up more than 80 percent of the population of 62 million still overwhelmingly affected by severe poverty.
The official unemployment rate is 32 percent, the highest in the world, and more than 60 percent for young people between the ages of 15 and 24. More than 16 million South Africans — 25 percent of the country — rely on monthly welfare grants for survival.

A crowd of people sing and give peace signs during a lunchtime peace march in downtown Johannesburg, South Africa, on Jan. 27, 1994 ahead of the country's all race elections. South Africans celebrate "Freedom Day" every April 27, when they remember their country's pivotal first democratic elections in 1994 that announced the official end of the racial segregation and oppression of apartheid. (AP Photo/File)

South Africa is still the most unequal country in the world in terms of wealth distribution, according to the World Bank, with race a key factor.
While the damage of apartheid remains difficult to undo, the ANC is increasingly being blamed for South Africa’s current problems.
In the week leading up to the anniversary, countless South Africans were asked what 30 years of freedom from apartheid meant to them. The dominant response was that while 1994 was a landmark moment, it’s now overshadowed by the joblessness, violent crime, corruption and near-collapse of basic services like electricity and water that plagues South Africa in 2024.
It’s also poignant that many South Africans who never experienced apartheid and are referred to as “Born Frees” are now old enough to vote.
Outside the tent where Ramaphosa spoke in front of mostly dignitaries and politicians, a group of young Black South Africans born after 1994 and who support a new political party called Rise Mzansi wore T-shirts with the words “2024 is our 1994” on them. Their message was that they were looking beyond the ANC and for another change for their future in next month’s election.
“They don’t know what happened before 1994. They don’t know,” said Seth Mazibuko, an older supporter of Rise Mzansi and a well-known anti-apartheid activist in the 1970s.
“Let us agree that we messed up,” Mazibuko said of the last 30 years, which have left the youngsters standing behind him directly impacted by the second-worst youth unemployment rate in the world behind Djibouti.
He added: “There’s a new chance in elections next month.”
 


32 more killed in Gaza as Hamas studies new Israeli truce proposal

Updated 44 min 6 sec ago
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32 more killed in Gaza as Hamas studies new Israeli truce proposal

  • Mediators working on compromise that will answer most of main demands
  • Minister says Israel a deal could lead to suspension of planned Rafah offensive 

JEDDAH/GAZA STRIP: Palestinians in Rafah said on Saturday they were living in “constant terror” as Israel vows to push ahead with its planned assault on the south Gaza city flooded with displaced civilians.

The Israeli military has massed dozens of tanks and armored vehicles in southern Israel close to Rafah and hit locations in the city in near-daily airstrikes.

“We live in constant terror and fear of repeated displacement and invasion,” said Nidaa Safi, 30, who fled Israeli strikes in the north and came to Rafah with her husband and children.

Gaza’s Health Ministry said at least 34,388 people have been killed in the besieged territory during more than six months of war between Israel and Hamas militants.

The tally includes at least 32 deaths in the past 24 hours, a ministry statement said, adding that 77,437 people have been wounded in the Gaza Strip since the war broke out when Hamas militants attacked Israel on Oct. 7.

Mourners stand near corpses of an adult and a child killed in overnight Israeli bombardment, in the front of the morgue of a hospital in Rafah in the southern Gaza Strip on April 27, 2024. (AFP)

Early Saturday, an airstrike hit a house in Rafah’s Tel Sultan neighborhood, killing a man, his wife and their sons, ages 12, 10 and 8, according to records of the Abu Yousef Al-Najjar hospital’s morgue. A neighbor’s 4-month-old girl was also killed.

Ahmed Omar rushed with other neighbors after the 1:30 a.m. strike to look for survivors, but said they only found bodies and body parts. “It’s a tragedy,” he said.

An Israeli airstrike later Saturday on a building in Rafah killed seven people, including six members of the Ashour family, according to the morgue.

Five people were killed in the Nuseirat refugee camp in central Gaza overnight when an Israeli strike hit a house, according to officials at the Al-Aqsa Martyrs Hospital.

Elsewhere, Israeli forces shot and killed two Palestinian men at a checkpoint in the Israeli-occupied West Bank, the military said. It said the men had opened fire at troops stationed at Salem checkpoint near the city of Jenin.

Violence in the West Bank has flared since the war. The Ramallah-based Health Ministry says 491 Palestinians have been killed by Israeli fire.

Israel's counterproposal

Hamas said it was studying Israel’s latest counterproposal for a ceasefire, a day after reports said a delegation from mediator Egypt was in Israel trying to jump-start stalled negotiations.

Israel’s foreign minister said that the Rafah incursion could be suspended should there be a deal to secure the release of Israeli hostages.

Palestinian children walk amid the debris of a house destroyed by overnight Israeli bombardment in Rafah on April 27, 2024. (AFP)

“The release of the hostages is the top priority for us,” said Israel Katz. “If there will be a deal, we will suspend the operation.” 

The Egyptian delegation discussed a “new vision” for a prolonged ceasefire in Gaza, according to an Egyptian official, who spoke on condition of anonymity to freely discuss the developments.

It wasn’t immediately clear whether Israel’s proposal was directly related to the visit.

Khalil Al-Hayya, deputy head of Hamas’s political arm in Gaza, said it had “received the official Zionist occupation response to the movement’s position, which was delivered to the Egyptian and Qatari mediators on April 13.”

Negotiations earlier this month centered on a six-week ceasefire proposal and the release of 40 civilian and sick hostages in exchange for freeing hundreds of Palestinian prisoners in Israeli jails.

A separate Hamas statement said leaders from the three main militant groups active in Gaza discussed attempts to end the war. It didn’t mention the Israeli proposal.

The armed wing of Hamas also released video footage of two men held hostage in Gaza, identified by Israeli campaign group the Hostages and Missing Families Forum as Keith Siegel and Omri Miran.

Mediators are working on a compromise that will answer most of both parties’ main demands, which could pave the way to continued negotiations with the goal of a deal to end the war, the official said.

Israeli police stand by as protestors take part in a demonstration by Israeli and American Rabbis near Erez crossing between Israel and the Gaza strip on the Israeli side on April 26, 2024. (REUTERS)

Hamas has said it won’t back down from demands for a permanent ceasefire and full withdrawal of Israeli troops. 

Israel has rejected both and said it will continue military operations until Hamas is defeated and that it will retain a security presence in Gaza.

There is growing international pressure for Hamas and Israel to reach a ceasefire deal and avert an Israeli attack on Rafah, where more than half of Gaza’s 2.3 million people have sought refuge.

Israel has insisted for months it plans a ground offensive into Rafah, on the border with Egypt, where it says many remaining Hamas militants remain, despite calls for restraint including from Israel’s staunchest ally, the United States.

Egypt has cautioned an offensive into Rafah could have “catastrophic consequences” on the humanitarian situation in Gaza, where famine is feared, and on regional peace and security.

Tolerating Israeli abuses

Washington has been critical of Israeli policies in the West Bank. US Secretary of State Antony Blinken, who is expected in Israel on Tuesday, recently determined an army unit committed rights abuses there before the war in Gaza.

But Blinken said in an undated letter to US House Speaker Mike Johnson, obtained by The Associated Press on Friday, that he’s postponing a decision on blocking aid to the unit to give Israel more time to right the wrongdoing. Blinken stressed that overall US military support for Israel’s defense wouldn’t be affected.

The US has also been building a pier to deliver aid to Gaza through a new port. Israel’s military confirmed Saturday that it would be operational by early May.

The BBC reported the UK government was considering deploying troops to drive the trucks to carry the aid to shore, citing unidentified government sources. British officials declined to comment.

Another aid effort, a three-ship flotilla coming from Turkiye, was prevented from sailing, organizers said.

Student protests over the war and its effect on Palestinians are growing on college campuses in the US, while demonstrations continue in many countries.

Hamas sparked the war by attacking southern Israel on Oct. 7, with militants killing around 1,200 people, mostly civilians, and taking around 250 hostage. Israel says the militants still hold around 100 hostages and the remains of more than 30 others.