Foreign News
Pakistan’s election chaos casts shadow on next IMF deal
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As Pakistan grapples with the aftermath of controversial elections, political chaos is threatening to cloud its $3bn deal with the International Monetary Fund (IMF), which analysts say is key to the country’s economic stability.
On Thursday, the global lender said Pakistan’s interim government had “maintained” economic stability. The IMF’s communications chief, Julie Kozack, said the interim government had managed to achieve fiscal targets while also “protecting” the social safety net. “We look forward to working with the new government on policies to ensure macroeconomic stability and prosperity for all of Pakistan’s citizens,” Kozack said.
But the comments from the IMF come at a time when Pakistan is about to swear in a new government after this month’s general election, which has been marred by widespread allegations of rigging and manipulation.
Former Prime Minister Imran Khan the founder of his Pakistan Tehreek-e-Insaf (PTI) party, drew a link between these allegations and the IMF loan in a statement from prison, asking the international body to carry out an audit of the elections before proceeding with the deal.
“Imran Khan will issue a letter to IMF. The charter of IMF, EU and other organisations stipulates that they can function or provide loan to a country only if there’s good governance,” Khan’s lawyer and Senator Ali Zafar told journalists after meeting the ex-premier at Rawalpindi’s Adiala Jail on Thursday. Khan is in jail over a series of convictions in cases involving a range of charges — from corruption to leaking secret documents.
Pakistan signed a nine-month standby agreement with the IMF last year. It will expire early next month, and securing another long-term plan is seen as a priority for the next government.
The February 8 elections in Pakistan saw a split mandate with PTI-backed candidates winning 93 seats in the National Assembly while the party’s main rivals, the Pakistan Muslim League-Nawaz (PMLN) and Pakistan Peoples Party (PPP) secured 75 and 54 seats, respectively.
The PMLN, PPP and smaller allies have agreed to form a coalition government, whose members are expected to take oaths next week.
The PTI was denied its electoral symbol — a cricket bat — weeks before the elections and was forced to field candidates as independents. The party also faced a nationwide crackdown that impeded its campaign but still beat the odds when its candidates won the highest number of seats. Khan was removed from office in 2022 after a no-confidence motion. Many analysts believe he came to power in 2018 with the support of Pakistan’s powerful military establishment, but they eventually fell out.
The PTI has alleged widespread manipulation in the counting and results and has said it will continue both street protests and legal cases to reclaim what it insists is a stolen mandate.
Lahore-based economist Hina Shaikh, however, said this political uncertainty wouldn’t affect the IMF’s approach. With the IMF already signalling its willingness to work with the new government, “any effort by Khan would not bear any fruit,” she said.
“Firstly, it would have no official ramifications, and secondly, it would not be in the interest of Pakistan nor IMF to end financial support. Pakistan has several payments due in the next two months and needs IMF support to stay afloat and continue leveraging other sources of revenue,” the economist told Al Jazeera.
Extending the IMF deal is critical for Pakistan, economists said. A failure on the part of the government to tackle the country’s massive economic challenges could send the nation of 241 million people into a default.
Pakistan’s foreign reserves currently stand at about $8bn, just enough to cover eight weeks of imports. The Pakistani rupee has lost more than 50 percent of its value against the US dollar over the past two years.
Inflation, which hit a record high of almost 38 percent last year, is currently nearly 30 percent, and high tariffs for electricity and gas along with other essential commodities are draining household incomes.
The looming debt obligations mean that Pakistan must be able to negotiate a new plan with the IMF as soon as the new government comes in. A recent report by Tabadlab, an Islamabad-based think tank, called Pakistan’s debt obligations “unsustainable”, saying its total external and internal debt totals up to $271bn.
A United States Institute of Peace report from last year concluded that the country needs to “repay $77.5 billion in external debt” by June 2026. “For a $350 billion economy, this is a hefty burden,” the report stated.
Pakistan’s central bank says it needs more than $6bn to service its debt obligations by June 30, the end of current fiscal year.
Emphasizing the need for a continuation of the IMF loan programme, Uzair Younus, principal at the US-based advisory firm The Asia Group, said Pakistan’s economy cannot afford politics when it comes to the next IMF deal. “Any delays due to politics or a staring contest between the next finance minister and the IMF is likely to rapidly fuel economic uncertainty, pressure on the currency and heightened default risk,” he told Al Jazeera.
(Aljazeera)
Foreign News
Three buses explode in Israel in suspected terror attack, police say
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Three buses have exploded in Bat Yam, south of Tel Aviv, in what Israeli police say is a suspected terror attack.
Devices in two other buses failed to explode, they said, adding that “large police forces are at the scenes, searching for suspects”.
Transport Minister Miri Regev paused all buses, trains and light rail trains in the country so that checks for explosive devices could be carried out, Israeli media reports said.
Footage on social media shows at least one bus on fire in a parking lot, with a large plume of smoke rising above.
There have been no reports of casualties at this stage, police said.
Foreign News
Trump calls Zelensky a ‘dictator’ as rift between two leaders deepens
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President Trump has launched a fresh attack on Ukraine’s President Volodymyr Zelensky, calling him a “dictator” and deepening the rift between the two leaders.
His latest salvo came after Zelensky, reacting to US-Russia talks in Saudi Arabia from which Kyiv was excluded, said the US president was “living in a disinformation space” governed by Moscow.
“Zelensky better move fast or he is not going to have a country left,” Trump wrote in a post on Truth Social.
The “dictator” slur quickly prompted criticism from European leaders including German Chancellor Olaf Scholz, who said “it is simply wrong and dangerous to deny President Zelensky his democratic legitimacy”.
UK Prime Minister Sir Keir Starmer made it clear he backed Zelensky in a phone call to the Ukrainian president. A Downing Street spokesperson said Sir Keir “expressed his support for President Zelensky as Ukraine’s democratically elected leader”. It was “perfectly reasonable to suspend elections during war time as the UK did during World War Two,” the spokesperson added.
Zelensky’s five-year term of office was due to come to an end in May 2024. However, Ukraine has been under martial law since Russia launched its full-scale invasion in February 2022 and elections are suspended.
Swedish Prime Minister Ulf Kristersson also criticised Trump’s use of the word “dictator” while German Foreign Minister Annalena Baerbock called the comments “absurd”. “If you look at the real world instead of just firing off a tweet, then you know who in Europe has to live in the conditions of a dictatorship: people in Russia, people in Belarus,” she told broadcaster ZDF.
A White House official said Trump’s latest post was in direct response to Zelensky’s “disinformation” comments.
“I love Ukraine,” Trump continued, “but Zelensky has done a terrible job, his country is shattered, and MILLIONS have unnecessarily died.” In the meantime, the US was “successfully negotiating an end to the war with Russia,” he said.
On Tuesday US and Russian officials held their first high-level, face-to-face talks since Russia’s full-scale invasion.
The former prime minister of Ukraine, Arseniy Yatsenyuk, told the BBC that Russia was “popping champagne right now” in response to Trump’s comments.
“Volodymyr Zelensky is a completely legitimate president,” he said. “We cannot hold elections under martial law.”
The war of words began with comments made by Trump on Tuesday at a news conference at Mar-A-Lago in Florida, when he blamed Ukraine for the war.
Trump was asked by BBC News what his message was to Ukrainians who might feel betrayed, to which he replied: “I hear that they’re upset about not having a seat, well, they’ve had a seat for three years and a long time before that. This could have been settled very easily.”
“You should have never started it. You could have made a deal,” Trump added.
Trump did not mention that President Vladimir Putin took the decision to invade Ukraine in February 2022.
Then on Wednesday, Zelensky told reporters in Kyiv: “We are seeing a lot of disinformation and it’s coming from Russia. With all due respect to President Donald Trump as a leader… he is living in this disinformation space.”
He added that he believed “the United States helped Putin to break out of years of isolation”.
Later in the day, the Ukrainian leader said the world faced the choice to be “with Putin or with peace” and announced he would be meeting Washington’s Ukraine envoy, Keith Kellogg, on Thursday.
Earlier, Zelensky also rejected Trump’s attempts to access Ukraine’s rare minerals, saying no security guarantees were offered in exchange.
Trump has attempted to make an issue out of Zelensky’s popularity, claiming the Ukrainian president had only a 4% approval rating. But BBC Verify reports that polling conducted this month found 57% of Ukrainians said they trusted the president.
In Wednesday’s explosive Truth Social post, Trump also took aim at Europe, saying the war in Ukraine is “far more important to Europe than it is to us”. “We have a big, beautiful ocean as a separation,” he said.
Europe had “failed to bring peace” in the region, he added.
Meanwhile, Russian President Vladimir Putin also spoke to reporters, saying he would meet Trump “with pleasure”.
For its part, the EU said it would place further sanctions on Russia.
The new sanctions target Russian aluminium and dozens of vessels suspected of illegally transporting oil. They would also disconnect more Russian banks from the global Swift payment system and ban more Russian media outlets from broadcasting in Europe.
[BBC]
Foreign News
Scores of whales to be euthanised after mass stranding in Australia
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Australian authorities are euthanising about 90 false killer whales which survived a mass stranding on a remote beach in Tasmania.
A team of experts at the site said complex conditions have made it impossible to save them.
They are part of a pod of 157 whales that had beached near Arthur River, in the island’s north west. The rest had died shortly after the stranding.
Tasmania has seen a series of mass whale strandings in recent years – including the country’s worst-ever in 2020 – but false killer whales haven’t mass stranded there in over 50 years.
False killer whales are technically one of world’s largest dolphin species, like their orca namesakes. They can grow up to 6m (19ft) and weigh 1.5 tonnes.
Authorities on Wednesday said the pod had been stranded at the site for 24 to 48 hours, and the surviving animals were already under extreme stress.
Local resident Jocelyn Flint told the Australian Broadcasting Corporation she had travelled to the site on Wednesday morning after her son noticed the pod while out shark fishing overnight.
“There are babies… There’s just families of them. Their eyes are open, they’re looking at me, like ‘help’.”
“It’s just absolutely horrific.”
The site – about 300km (186 miles) from the city of Launceston – is extremely difficult to access and transport any rescue equipment to, marine biologist Kris Carlyon told media.
“This is possibly the trickiest location I’ve seen in 16 years of doing this role in Tasmania,” he said.
“We’re talking a very rough, steep, single lane road into the site. We can get four-wheel drives in there, but not a lot else.”
Rough conditions meant returning the animals to the sea at the location they stranded was impossible, so an expert team tried to relocate two and refloat them, but were unsuccessful.
“The animals just can’t get past the break to get out. They just keep turning around and coming back towards the beach,” said Shelley Graham, from Tasmania’s Parks and Wildlife Service.
With conditions for the next two days forecast to be similar, expert wildlife veterinarians made the “tough” and “confronting” decision to euthanise the remaining whales.
“The longer these animals are out stranded, the longer they are suffering. All alternative options have been unsuccessful, euthanasia is always a last resort,” Dr Carlyon said.
That grim task – which involves shooting the animals – is expected to begin on Wednesday but continue on Thursday.
Authorities are still working out how to dispose of the carcasses. The site has important cultural heritage for Aboriginal people so a department spokesperson earlier suggested “it may be a case of… letting nature run its course”.
Authorities have asked members of the public to avoid the site, with bushfires burning nearby and limited road access.
More than 80% of Australian whale strandings take place in Tasmania – often on its west coast.
Around 40 pilot whales were stranded further south at Macquarie Harbour in 2020 and about 350 of them died despite rescue efforts. Another 200 became standed in the same harbour in 2022.
Whales are highly social mammals and are well known for stranding in groups because they travel in large, close-knit communities which rely on constant communication.
There are a range of theories for why beachings occur. Some experts say the animals can become disoriented after following fish they hunt to the shore.
Others believe that one individual can mistakenly lead whole groups to shore.
[BBC]
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