Palestinian medics say Israeli airstrikes on refugee camp in Rafah kills 35

Fire rages following an Israeli strike on an area designated for displaced Palestinians in Rafah , southern Gaza Strip, in this still picture taken from a video on May 26, 2024. (REUTERS/Reuters TV)
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Updated 27 May 2024
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Palestinian medics say Israeli airstrikes on refugee camp in Rafah kills 35

  • The attacks came two days after the International Court of Justice ordered Israel to end its military offensive in Rafah
  • Israel’s army confirmed the strike and said it hit a Hamas installation and killed two senior Hamas militants

DEIR AL-BALAH, Gaza Strip: Palestinian health workers said Israeli airstrikes killed at least 35 people Sunday and hit tents for displaced people in the southern Gaza city of Rafah, and “numerous” others were trapped in flaming debris. Gaza’s Health Ministry said women and children made up most of the dead and dozens of wounded.

The attacks came two days after the International Court of Justice ordered Israel to end its military offensive in Rafah, where more than half of Gaza’s population had sought shelter before Israel’s incursion earlier this month. Tens of thousands of people remain in the area while many others have fled.
Footage from the scene of the largest airstrike showed heavy destruction. Israel’s army confirmed the strike and said it hit a Hamas installation and killed two senior Hamas militants. It said it was investigating reports that civilians were harmed. Defense Minister Yoav Gallant was in Rafah on Sunday and was briefed on the “deepening of operations” there, his office said.




A Palestinian wounded in an Israeli bombardment on the Gaza Strip is brought to Al Aqsa hospital in Deir al Balah, central Gaza Strip, on May 26, 2024. (AP) 

A spokesperson with the Palestinian Red Crescent Society said the death toll was likely to rise as search and rescue efforts continued in Rafah’s Tal Al-Sultan neighborhood about two kilometers (1.2 miles) northwest of the city center.
The society asserted that the location had been designated by Israel as a “humanitarian area.” The neighborhood is not included in areas that Israel’s military ordered evacuated earlier this month.
The airstrike was reported hours after Hamas fired a barrage of rockets from Gaza that set off air raid sirens as far away as Tel Aviv for the first time in months in a show of resilience more than seven months into Israel’s massive air, sea and ground offensive.
There were no reports of casualties in what appeared to be the first long-range rocket attack from Gaza since January. Hamas’ military wing claimed responsibility. Israel’s military said eight projectiles crossed into Israel after being launched from Rafah and “a number” were intercepted, and the launcher was destroyed.
Earlier Sunday, dozens of aid trucks entered Gaza from southern Israel under a new agreement to bypass the Rafah crossing with Egypt after Israeli forces seized the Palestinian side of it earlier this month. Israel’s military said 126 aid trucks entered via the nearby Kerem Shalom crossing.
But it was not immediately clear if humanitarian groups could access the aid — including medical supplies — because of fighting. The crossing has been largely inaccessible because of Israel’s offensive in Rafah. United Nations agencies say it is usually too dangerous to retrieve the aid. The World Health Organization last week said an expanded Israeli incursion in Rafah would have “disastrous” impact.”
“With the humanitarian operation near collapse, the secretary-general emphasizes that the Israeli authorities must facilitate the safe pickup and delivery of humanitarian supplies from Egypt entering Kerem Shalom,” the spokesperson for UN chief Antonio Guterres said in a statement.
Egypt refuses to reopen its side of the Rafah crossing until control of the Gaza side is handed back to Palestinians. It agreed to temporarily divert traffic through Kerem Shalom, Gaza’s main cargo terminal, after a call between US President Joe Biden and Egyptian President Abdel Fattah El-Sisi.
The war between Israel and Hamas has killed nearly 36,000 Palestinians, according to Gaza’s Health Ministry, which does not distinguish between civilians and fighters in its count. Israel blames civilian deaths on Hamas because the militants operate in dense, residential areas.
Around 80 percent of Gaza’s 2.3 million people have fled their homes, severe hunger is widespread and UN officials say parts of the territory are experiencing famine.
Hamas triggered the war with its Oct. 7 attack into Israel, in which Palestinian militants killed some 1,200 people, mostly civilians, and seized some 250 hostages. Hamas still holds some 100 hostages and the remains of around 30 others after most of the rest were released during a ceasefire last year.
Israeli Prime Minister Benjamin Netanyahu has said Israel must take over Rafah to eliminate Hamas’ remaining battalions and achieve “total victory” over the militants, who recently regrouped in other parts of Gaza.
The war has also heightened tensions in the Israeli-occupied West Bank. Palestinian authorities on Sunday said Israeli forces shot dead a 14-year-old boy near the southern West Bank town of Saeer. The Israeli army said the Palestinian male was shot dead after trying to stab Israeli forces at Beit Einun Junction.
Southern Gaza largely cut off from aid
Southern Gaza has been largely cut off from aid since Israel launched what it called a limited incursion into Rafah on May 6. Since then over 1 million Palestinians, many already displaced, have fled the city.
Northern Gaza receives aid through two land routes that Israel opened during global outrage after Israeli strikes killed seven aid workers in April.
A few dozen trucks enter Gaza daily through a US-built floating pier, far below the 150 trucks a day that officials hoped for. Aid groups say 600 trucks a day are needed.
Israeli man detained over mutiny threat
Israel’s military said it had detained a suspect over a widely circulated video in which a man dressed as a soldier threatens mutiny. The man says tens of thousands of soldiers were ready to disobey the defense minister over his suggestion that Palestinians should govern Gaza after the war, and pledged loyalty to Netanyahu alone.
Israeli military spokesman Rear Adm. Daniel Hagari said the man has been removed from reserve duty. It was not clear when or where the video was made. The prime minister’s office released a brief statement condemning all forms of military insubordination.


Pakistani economists flag debt sustainability risks as foreign loans surge in FY26

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Pakistani economists flag debt sustainability risks as foreign loans surge in FY26

  • Pakistan received $2.98 billion from bilateral, global lenders from July to November this year, official data shows
  • Economists urge government to take structural reforms to boost exports, cut energy costs, ensure rupee stability

KARACHI: Pakistani economists on Wednesday warned the government against debt sustainability risks as the country’s foreign loan receipts surged to nearly $3 billion in the first five months of the current fiscal year, data from the economic affairs ministry showed. 

Pakistan received 16 percent more financing, which is $2.98 billion, from bilateral and multilateral lenders during the July to November period of the current fiscal year compared to last year, the economic affairs’ ministry data showed. 

Pakistan, as per the data, seeks to raise $19.8 billion in loans this year through June, which include $16.7 billion non-project and $3.11 billion project loans from multilateral lenders such as the Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), Islamic Development Bank (IsDB), European Union (EU), European Investment Bank (EIB), UNICEF and others. 

Pakistan’s bilateral lenders include the countries of China, Saudi Arabia, Kuwait, Oman, the US, Denmark, France, Germany, Italy, Japan and South Korea

“As long as you are utilizing the loan for economic recovery and growth, it is understood,” Sana Tawfik, head of research at the Karachi-based brokerage firm Arif Habib Limited, told Arab News.

“But in the long term, it is not sustainable to rely only on loans. Foreign reserves should be built on FDI [foreign direct investment] and not on loans,” she added. 

Pakistan’s finance adviser Khurram Schehzad and finance ministry spokesperson Qamar Sarwar Abbasi did not respond to requests for comment.

Cash-strapped Pakistan came close to a sovereign default in 2023 before a last-gasp financial bailout by the International Monetary Fund (IMF) averted the risk. 

While Pakistan has lowered inflation and registered other economic gains, the country’s $15.9 billion foreign reserves mostly come from the IMF in budgetary support and bank deposits from countries such as Saudi Arabia and China.

The cash-strapped country will seek $13.5 billion in budgetary support, $700 million in short-term loans from the IsDB, $1.44 billion as program loans, $1 billion worth of oil on deferred payments and $3.11 billion as project loans by June, the data said. 

Prime Minister Shehbaz Sharif’s government also plans to raise $400 million through issuing international bonds, $3.1 billion in loans from foreign commercial banks, $410 million from the IMF, $609 million through Naya Pakistan Certificates (NPCs) and $5 billion as time deposits from Saudi Arabia, and $4 billion as safe deposit from China.

“Long-term solution is not to take loans and this only adds up to the existing external account,” Tawfik said. 

She, however, appreciated the government’s ability to reduce its current account deficit in recent months. The economist noted that Pakistan, in the short run, could manage its current account deficit if it remains in the $1.5 billion range throughout the year.

She urged the government to focus on increasing exports, noting its debt servicing requirement was $25.8 billion this year.

Tawfik called for long-term reforms such as reducing the cost of doing business, cutting energy costs, clearing Pakistan’s longstanding power sector debt and keeping the rupee stable to attract increased remittances from Pakistanis working abroad.

“In the long run, we must focus on increasing Pakistan’s exports, remittances, and FDI,” the economist said. “FDI is the most important.”

‘OBVIOUSLY A RISK FACTOR’

However, neither are Pakistan’s exports on the rise nor is FDI. Pakistan’s current account deficit widened by 37 percent to $16 billion from July to November this year. This was due to a 6.4 percent decline in exports to $12.8 billion and a 13 percent hike in imports to $28 billion, data from the Pakistan Bureau of Statistics (PBS) showed. 

FDI dropped by more than 25 percent to $927 million during the same period and has never surged beyond $3 billion in nearly 20 years, data from Pakistan’s central bank shows. 

“Our debt sustainability will be questioned at any point if we, going forward, are not able to match these debt flows or counter these debt flows with growth and remittances and exports,” Muhammad Saad Ali, head of research at Lucky Investments Ltd, told Arab News. 

He noted that debt sustainability is “obviously a risk factor” as Pakistan has not increased its FDI nor exports during the period when its foreign debt has increased.

However, he said that there was a positive side to the 16 percent rise in foreign debt receipts as well, adding that recent macroeconomic improvements have enabled Islamabad to borrow more from global lenders. 

But the risks remain. 

“You (government) are increasing your debt and your debt sustainability will come into question again if global factors or global environment turn south,” he warned.