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Fahad Ali

  • 18-Day Ordeal: Thai Cave Rescue

    18-Day Ordeal: Thai Cave Rescue

    In 2018, a harrowing incident unfolded in the Tham Luang Nang Non cave system in northern Thailand. A group of twelve young boys and their soccer coach became trapped inside the cave after a sudden rainstorm flooded the entrance.

    The ordeal, which lasted for 18 days, captivated the world and showcased the resilience of the human spirit, as well as the challenges and triumphs of a complex rescue mission.

    The Magnitude of the Issue

    The Thai cave rescue was a global news story due to several factors:

    The Vulnerable Victims: The trapped individuals were young boys, which made their situation particularly concerning. Their youth, coupled with the harsh conditions inside the cave, heightened the sense of urgency and compassion.

    The Remote Location: The Tham Luang Nang Non cave system is located in a remote part of Thailand. This made access difficult and rescue efforts more challenging.

    The Harsh Conditions: The cave was flooded, making it impossible for the boys to escape on foot. The conditions inside the cave, including the risk of hypothermia, starvation, and infection, posed significant threats to their survival.

    The International Response: The rescue operation involved teams from around the world, including divers, medical experts, and military personnel. This global effort showcased the power of international cooperation and the importance of working together to overcome adversity.

    The Rescue Mission

    The rescue mission was a complex and delicate operation. Divers had to navigate through narrow, flooded passages, often in complete darkness. The boys were sedated and transported out of the cave on stretchers. The journey was long and perilous, but with the help of advanced equipment and the expertise of international teams, the boys were successfully brought to safety.

    Lessons Learned

    The Thai cave rescue was a remarkable feat of human ingenuity and courage. It highlighted the importance of preparedness, international cooperation, and the resilience of the human spirit. The incident also served as a reminder of the risks associated with exploring caves, particularly during the rainy season.

    The rescue mission was a global drama that captured the hearts and minds of millions around the world. It was a testament to the power of hope, perseverance, and the unwavering commitment of those involved in the rescue effort.

  • Genghis Khan: A Complex Legacy of Conquest and Transformation

    Genghis Khan: A Complex Legacy of Conquest and Transformation

    Genghis Khan, born Temujin, is a historical figure whose impact continues to shape the world. His name evokes both admiration for his unparalleled military genius and condemnation for his brutal tactics.

    The vast Mongol Empire he created, stretching from the Pacific to Eastern Europe, testifies to his exceptional leadership, but its formation was marked by immense human suffering and devastating consequences.

    The Rise of a Unifier

    Temujin emerged from the harsh Mongolian steppes, unifying disparate tribes under his leadership and adopting the title Genghis Khan, meaning “Universal Ruler.” A brilliant strategist and tactician, he transformed the Mongol hordes into a formidable military force, leaving a trail of swiftness, brutality, and ruthlessness in his wake.

    The Mongol Expansion

    Genghis Khan and his successors embarked on a relentless campaign of expansion, incorporating vast regions of Asia into their empire. Their conquests were marked by destruction, decimation, and cultural obliteration. However, this period of expansion also facilitated the exchange of goods, ideas, and technologies between East and West, fostering relative peace and stability across much of Eurasia.

    A Complex Legacy

    Genghis Khan’s legacy is a multifaceted tapestry of both constructive and destructive elements. While his conquests were marked by unparalleled brutality, environmental devastation, and the spread of disease, he also unified disparate tribes, forged a vast empire, and implemented legal and administrative reforms based on meritocracy and religious tolerance. His legacy serves as a stark reminder of the complexities of human nature and the enduring consequences of unchecked power.

  • Debunking the Myth: Why Cars Cannot Run on Water

    Debunking the Myth: Why Cars Cannot Run on Water

    With the increasing concern about climate change and the environment, many have been searching for alternative fuel sources to power their vehicles. One notion that has gained significant attention is the idea of cars running on water. However, despite numerous claims and experiments, the concept remains a myth. In this article, we will explore the reasons why cars cannot run on water.

    The Laws of Thermodynamics

    The fundamental laws of thermodynamics dictate that energy cannot be created or destroyed, only converted from one form to another. In the case of a car engine, chemical energy from fuel is converted into mechanical energy to power the vehicle. Water, however, does not contain the necessary chemical energy to power an engine.

    The Internal Combustion Engine

    Modern cars use internal combustion engines, which rely on the combustion of fuel (gasoline or diesel) to generate power. Water does not have the necessary properties to ignite and sustain combustion, making it impossible to power an internal combustion engine.

    Electrolysis and Hydrogen Fuel Cells

    Some experiments have used electrolysis to split water into hydrogen and oxygen, which are then used to power a fuel cell. However, this process requires an external energy source, making it inefficient and not viable for powering cars.

    Conclusion

    While the idea of cars running on water may seem appealing, it is not supported by scientific principles. The laws of thermodynamics and the design of internal combustion engines make it impossible for water to be used as a fuel source. Alternative fuel sources, such as electric and hybrid vehicles, offer more promising solutions for a sustainable future.

    Note: This article is a general overview of the topic and is not intended to be a comprehensive scientific explanation.

  • Prize Bonds in Pakistan: All You Need To Know

    Prize Bonds in Pakistan: All You Need To Know

    Looking to try your luck with prize bonds in Pakistan? This comprehensive guide will provide you with everything you need to know about bond denominations and the exciting prizes you can win!

    What are Prize Bonds?

    Prize bonds are a type of lottery offered by the Government of Pakistan. They come in various denominations, and each bond has a unique number. Twice a month, a draw is held, and winning bond numbers are announced. If your bond number matches a winning number, you can claim a prize depending on the denomination you purchased.

    Prize Bonds Pakistan: Draw, Denominations and Prizes- 2024

    Prize Bond Denominations in Pakistan

    Prize bonds in Pakistan are available in various denominations to cater to different investment levels. Here’s a breakdown of the most commonly available denominations:

    • Rs. 100: This is the most affordable option, perfect for beginners or those who want to try their luck with a small investment.
    • Rs. 200: Another popular choice, offering a slightly higher chance of winning a larger prize compared to the Rs. 100 denomination.
    • Rs. 750: This denomination offers a good balance between affordability and potential prize money.
    • Rs. 1500: Aimed at those seeking a higher potential return, Rs. 1500 bonds can win substantial prizes.
    • Rs. 3000, Rs. 7500, Rs. 15000, and Rs. 40000: These higher denominations are ideal for investors seeking significant prize rewards.

    Draw and Winning Prizes

    Draws are held twice a month on the 1st and 15th. The State Bank of Pakistan announces the winning numbers, which are also published in major newspapers. Prizes vary depending on the denomination of your bond and the specific draw.

    Here’s a glimpse into the range of prizes you can win:

    • Rs. 100 denomination: Prizes typically range from Rs. 100 to Rs. 25,000.
    • Rs. 200 to Rs. 40000 denominations: Prizes can range from Rs. 200 to Rs. 7.5 crore (Rs. 75,000,000).

    Benefits of Investing

    • Safe and Secure: Backed by the Government of Pakistan, prize bonds are a safe and secure investment option.
    • Potential for High Returns: Even with a small investment, you have a chance to win substantial prize money.
    • Tax-Free Winnings: Winnings are tax-free in Pakistan, making them even more attractive.

    Important Considerations

    • Not Guaranteed Returns: Unlike traditional investments, prize bonds do not offer guaranteed returns.
    • Subject to Availability: Certain denominations may not always be available for purchase.

    In Conclusion

    Prize bonds offer an exciting way to potentially win big in Pakistan. With various denominations and attractive prizes, they cater to a wide range of investors. Remember, these bonds are not a guaranteed return on investment, but they can be a fun and potentially rewarding way to try your luck.

  • ICC T20 World Cup 2024: Stage Set for Thrilling Cricket Action

    ICC T20 World Cup 2024: Stage Set for Thrilling Cricket Action

    The ICC Men’s T20 World Cup 2024 is just around the corner, and cricket fans worldwide are eagerly awaiting the spectacle. The tournament, co-hosted by the West Indies and the USA, will take place from June 1 to June 29, 2024. Twenty teams will battle it out for the coveted title, with the top two teams from each group advancing to the Super Eight stage, followed by the semi-finals and the final.

    Highly Anticipated Pak-India Clash

    One of the most highly anticipated matches of the tournament is the India-Pakistan clash, scheduled for June 9, 2024, at the Eisenhower Park in New York. This encounter promises to be a thrilling encounter between two arch-rivals, with a rich history of intense matches between them. India is led by Rohit Sharma, while Pakistan is led by Babar Azam.

    Tournament Format and Schedule

    The 20 participating teams have been divided into four groups of five teams each. Group A consists of England, Australia, Afghanistan, Sri Lanka, and Ireland, while Group B includes India, Pakistan, South Africa, West Indies, and Bangladesh. Group C comprises New Zealand, Netherlands, USA, Namibia, and Scotland, and Group D features Australia, England, Ireland, Afghanistan, and Sri Lanka.

    For Full T20 World Cup 2024 Schedule- Click Here

    The tournament will kick off on June 1 with a mouth-watering clash between England and Australia in Barbados. The group stages will continue until June 18, followed by the Super Eight stage from June 20 to June 26. The semi-finals will be played on June 27 and 28, with the final scheduled for June 29 at the iconic Kensington Oval in Barbados.

    Jos Buttler, England Pakistan T20 World Cup 2024

    Defending Champions England Look to Retain Title

    England, led by Jos Buttler, will begin their title defense against Australia on June 8 in Barbados. With a strong squad and a good mix of experienced players and young talent, England will be looking to become the first team to win back-to-back T20 World Cup titles.

    India and Pakistan Squads

    Pakistan squad: Babar Azam (captain), Mohammad Rizwan, Saim Ayub, Fakhar Zaman, Usman Khan, Azam Khan, Iftikhar Ahmed, Imad Wasim, Shadab Khan, Mohammad Amir, Shaheen Shah Afridi, Naseem Shah, Abbas Afridi, Haris Rauf, Abrar Ahmed

    India squad: Rohit Sharma, Hardik Pandya, Yashasvi Jaiswal, Virat Kohli, Suryakumar Yadav, Rishabh Pant, Sanju Samson, Shivam Dube, Ravindra Jadeja, Axar Patel, Kuldeep Yadav, Yuzvendra Chahal, Arshdeep Singh, Jasprit Bumrah, Mohammed Siraj.

    Get Ready for Thrilling Cricket Action

    With the stage set and the teams ready, the ICC T20 World Cup 2024 promises to be an exciting tournament. Cricket fans can expect nail-biting matches, stunning performances, and plenty of drama. So, mark your calendars and get ready to cheer for your favorite team!

     

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  • Google Ads: All You Need To Know About the Platform as a Buyer or Seller

    Google Ads: All You Need To Know About the Platform as a Buyer or Seller

    Google Ads, the advertising platform from Google, connects businesses with potential customers across the vast Google Search Network and beyond. But whether you’re a business looking to reach new audiences (buyer) or a website owner with valuable ad space to sell (seller), Google Ads can seem complex.

    This article cuts through the confusion and equips you with the essential knowledge, regardless of your role in the Google Ads ecosystem.

    For the Buyers: Targeted Advertising Made Easy

    Reaching the Right Audience: Imagine your ideal customer. Google Ads allows you to target them with laser precision. You can define demographics, interests, and online behavior to ensure your ads are seen by those most likely to convert.

    Multiple Ad Formats: Go beyond text-based ads. Google Ads offers a variety of formats, including captivating visuals, engaging videos, and interactive elements to suit your campaign goals.

    Budget Control: You’re in charge. Set a daily or campaign budget and only pay when someone clicks on your ad, allowing you to maximize your return on investment (ROI).

    Measurable Results: Track your campaign’s performance in real-time. Google Ads provides insightful data on clicks, conversions, and spending, allowing you to optimize your campaigns for maximum impact.

    For the Sellers: Monetize Your Website Traffic

    Valuable Ad Space: Turn your website traffic into revenue. Google Ads connects you with businesses eager to reach your audience. You provide the ad space, and Google handles the connection, ensuring a smooth and automated process.

    Multiple Ad Formats: Offer a variety of ad formats to cater to different advertisers’ needs. Text, display, and video ads allow for flexibility and ensure a positive user experience on your website.

    Competitive Rates: Google Ads uses an auction system to determine ad placement. This ensures you receive competitive rates for your ad space, maximizing your potential earnings.

    Detailed Reporting: Gain insights into ad performance and website traffic. Google provides comprehensive reports allowing you to understand your audience and optimize your ad placements for better revenue generation.

    Getting Started with Google Ads

    Whether you’re a buyer or seller, Google Ads offers a user-friendly platform and a wealth of resources to get you started. Here are some next steps:

    Buyers: Sign up for a free Google Ads account, explore campaign types, and utilize targeting options to reach your ideal customer.

    Sellers: Link your website to Google Ads and explore ad format options to best suit your audience and content.

    Beyond the Basics

    Google Ads offers a depth of features and functionalities. Consider exploring:

    Conversion Tracking: Measure how effectively your ads drive sales or other desired actions.
    Remarketing: Reconnect with website visitors who have shown interest in your product or service.

    Google Analytics Integration: Gain a holistic view of your website traffic and advertising efforts.

    By harnessing the power of Google Ads, buyers can connect with targeted audiences and achieve their marketing goals. Sellers can monetize their website traffic and create a new revenue stream. So, dive into Google Ads and unlock a world of advertising possibilities!

  • The Social Contract: Unpacking the Cornerstone of Modern Democracy

    The Social Contract: Unpacking the Cornerstone of Modern Democracy

    Published in 1762, Jean-Jacques Rousseau’s The Social Contract is a foundational text of modern political philosophy. This influential book has shaped the course of political thought, informing the principles of democracy, human rights, and government. In this article, we will delve into the significance and contents of The Social Contract, exploring its core ideas, impact, and enduring relevance.

    Context and Background

    Rousseau wrote The Social Contract in response to the political and social upheavals of his time. The Enlightenment had sparked intense debates about the nature of humanity, society, and governance. Rousseau sought to address the questions: What is the origin of inequality? How can we create a just and legitimate political order?

    Key Concepts and Ideas

    1. The Social Contract: Rousseau argues that society is founded on a collective agreement among individuals to submit to a governing authority, trading natural liberty for protection and security.

    2. The General Will: Rousseau introduces the concept of the “general will,” which represents the collective interest of the community, distinct from the “will of all,” which is the sum of individual interests.

    3. Sovereignty: He asserts that sovereignty resides in the people, not a monarch or elite, and that the people’s collective will is the source of legitimate political authority.

    4. The Social Compact: Rousseau posits that the social compact is a voluntary agreement among individuals to form a political community, with the state of nature being a hypothetical construct.

    5. The Legislator: He emphasizes the importance of a wise and impartial legislator to establish a just and fair political order.

    Impact and Influence

    The Social Contract has had a profound impact on political thought and history:

    1. French Revolution: Rousseau’s ideas influenced the French Revolution, shaping the Declaration of the Rights of Man and of the Citizen (1789).

    2. Modern Democracy: The Social Contract has informed the development of democratic principles, such as popular sovereignty, representative government, and human rights.

    3. Political Philosophy: Rousseau’s work has influenced thinkers like Immanuel Kant, John Rawls, and Robert Nozick, among many others.

    Conclusion

    The Social Contract remains a vital text in political philosophy, offering insights into the nature of human society, governance, and democracy. Rousseau’s ideas continue to shape political discourse, inspiring debates about the balance between individual liberty and collective well-being. As we grapple with the complexities of modern politics, The Social Contract reminds us of the importance of critically examining the foundations of our political systems and striving for a more just and equitable society.

  • BPS and Pakistan’s Junior Bureaucracy

    BPS and Pakistan’s Junior Bureaucracy

    The bureaucratic machinery is vast and spread over the length and breadth of Pakistan managing the federal administrative affairs. It is usually observed that plenty of focus is given on evaluating the performance of the officer class but in the process the issue of addressing ground realities confronting 95 per cent staff members of government machinery are papered off by mundane clichés and generic suggestions although it is imperative to exclusively examine the working of the junior cadres of the government functionaries to arrive at a decision about the overall performance of the state.

    While doing so it must be kept in view that the junior members of the machinery of the state carry as much responsibility, if not more, than the officer class, and are actually at the forefront of an official action.

    The junior or staff cadres of government machinery consist of employees working in Basic Pay Scale or grade 1 to 16. Some recent figures reveal that BPS- 1 employees constitute 16.89% of the entire federal government workforce; the second position is of BPS-5 with 14.41%, the third, fourth, fifth and sixth positions are of BPS 7, 2, 6 and BPS 11 with 10.76%, 10.68%, 6.41% and 5.92% respectively followed by the percentages of employees in BPS-4 (5.30%), BPS-9 (4.98%) and BPS-16 (4.28%).

    Out of BPS 1-16 strength, the distribution in BPS 11- 16, 3-10 and 1-2 was 20.08%, 50.79% and 29.13% respectively.

    Further breakdown of figures show that from amongst the federal government servants in BPS 1-16 the Railways Division was at the top with 38.65% of such staff, the Communications Division with 11.98% stood second.

    The third position went to the Revenue Division with 9.93% of the total staff in BPS 1-16.

    The number of employees in BPS 16 was also the highest in Defence Division being 19.04% of the total employees in BPS 16. The second position went to Kashmir Affairs, Northern Areas and States & Frontier Regions Division having 12.53% and the third position went to Education Division with 11.90% of the total number of employees of BPS 16.

    As with regard to employees of BPS 11-15, Railways Division was at the top with 24.04% of such employees. The second position went to Revenue Division having strength of 17.85% and the third position went to Finance Division with 10.35% of the total number of employees in BPS 11-15.

    As regard employees of BPS 3-10, Railways Division was at the top with 41.95% of such employees. The second position went to Communications Division having strength of 15.70%. The third position went to Kashmir Affairs, Northern Areas and States & Frontier
    Regions Division with 8.15% of the total number of employees of BPS 3-10.

    Although designations of staff members may vary in certain cases but there exists a generally accepted designation nomenclature that has gained wide currency.

    In short, grades 1 – 4 are for lower office staff; grades 5 – 16 are for educated workers who mostly do the clerical work, however, this is a broad category and most workers belong to this band.

    The staff hierarchy begins at grade-1 employing naib qasid, chowkidar, mali, khalasi, cleaner, bearer etc. Grade-2 comprises of loader, cleaner, picker etc. Grade-3 includes store helper, assistant lineman, etc. Grade-4 includes driver, dispatch rider etc.

    Grade-5 takes in lab assistant, fitter, field assistant, clerk, printer, wireless operator etc. Grade-6 includes draftsman, instrument operator etc. Grade-7 includes telephone operator, lower division clerk (LDC), auditor, meter reader, surveyor etc.

    Grade-8 takes in supervisor, lady health visitor, etc. Grade-9 consists of upper division clerk (UDC), Imam, Khatib, technician, general duty clerk, librarian, dispenser etc. Grade-10 includes, junior accountant, storekeeper etc. Grade-11 takes in sub-engineer, surveyor, inspector etc. Grade-12 includes computer operator, accountant, receptionist etc.

    Grade-13 takes in senior research assistant, senior accountant, senior mechanic etc. Grade-14 employs assistant, warehouse incharge, line superintendent, cashier, steno-typist, store keeper etc.

    Grade-15 includes stenographer, data entry operator, sub-station operator etc, Grade-16 takes in superintendent, assistant private secretary, deputy assistant director, quality control officer, assistant accounts officer, staff nurse, area manager etc. Corresponding designations in Police service include Constable in grade-5, Head Constable in grade-7, ASI in grade-9, sub-inspector in grade-14 and Inspector in grade-16.

    The rationale for narrating staff nomenclature in detail is to bring to fore the fact that these rank holders impact public life hugely. These cadres ultimately are relied upon by the public face of bureaucracy, the officers, to process, justify and decide upon public matters.

    Unfortunately, this important segment of public service has been subjected to arbitrary recruitment, indifferent training and lack of consistent supervision. As a result, it has become instrumental in becoming a serious impediment to government functioning.

    For the most part it is observed that low level of educational background of staff members restrains them to clearly comprehend issues. This shortcoming narrows down the overall application of government regulations.

    The tendencies to keep lower cadres to continue to work in official positions for long period breeds a false notion of competence and harden their attitude. They develop a sense of inevitability and consider supervising authority dependent on their expertise. This state of affairs is widely prevalent in financial services like Audit & Accounts, Pakistan Customs and Inland Revenue Service.

    It is appropriate to very briefly mention the oddities observed in functioning of junior government functionaries.

    There are instances of junior financial functionaries exercising undue influence in preparing national budgets. Certain functionaries of Custom Department are considered final authority on levying of duty and granting of waivers.

    There are known reports of even diplomats lobbying for Custom concessions and granting visas to helpful officials! Lower-level employees of Income Tax Department are widely reported to arbitrarily decide exemption issues. In Police placement of an SHO is rated higher than posting of an SSP and is considered a mythical appointment.

    It is high time that a complete overhaul of junior staff cadre is carried out.

    A reform effort aimed at appraising and evaluating the performance of this vast cadre may be initiated under the coordinated auspices of political representatives assisted by members of federal civil service.

    The process may be a healthy balance of carrying out strict accountability as well as ensuring required welfare measures. The junior cadre may have very genuine complaints such as lack of avenues of promotion.

    There indeed are cases where a junior employee promoted to grade-17 in 1993 faces the prospects of retirement in one year without being promoted further even after 22 years.

    The promotions hiatus has not only created rivalry between officer and junior cadres but has also compelled junior cadre to go to courts. The result has inundated the Cabinet Division with cases claiming to promote junior functionaries through upgrading the existing ranks.

    Currently the government is strictly adhering to transparent recruitment through ensuring impartial national testing. It is widely known that even MBAs have applied for posts of LDC, UDC and Assistants who may deserve to be promoted to higher cadres in due course of time. It is suggested therefore that the percentage of promotion of lower cadres into higher positions may be increased.

    Such a move will help widen the supervisory strength that is currently abysmally low where the number of lower staff in a particular department is 160 supervised by only four officers.

  • Resurgence of terrorist violence in Pakistan

    Resurgence of terrorist violence in Pakistan

    The upsurge in terrorism in Pakistan has caused jitters within the security establishment that was quite convinced that it has broken its back and proclaimed it often. This upsurge is currently concentrated in the border regions of the country substantiating the official claims that this is a clear indication of cross-border connivance particularly Afghanistan.

    The incidents of terrorism became so frequent that Pakistan was compelled to closed down Torkham border with Afghanistan. This closure is now a week-old and is reported to have a detrimental effect on bilateral relations with Afghanistan vociferously complaining about serious disruption in trade and also supplies going to Afghanistan through the facility of the transit corridor.

    The way things are going have made many sceptics to argue that Afghanistan could not embarked upon such a disruptive course of action unless encouraged by some very influential powers that want to punish Pakistan for the role it played in the events that took place before the Afghan Taliban takeover of Afghanistan two years before.

    It is quite obvious that supporting and abetting terrorism is considered not enough by the Taliban regime of Afghanistan and it has also renewed its irredentist claims on Pakistani territories. In this context, it was reported that the Afghani side had started building an unlawful structure on Pakistani territory while Afghan troops resorted to indiscriminate firing when they were confronted over the disputed construction.

    Khyber mosque blast, FIR lodged, TTP terrorists

    Meetings between officials from both sides have failed to resolve the dispute with the result that hundreds of vehicles remain stranded waiting to go across the border while people wishing to get to the other side have also been left high and dry. The cost of the closure has reportedly resulted in losses worth hundreds of millions of rupees, with perishable items including fruit and vegetables from Afghanistan, not getting to market and rotting in the hot weather.

    Friction is nothing new for both the countries particularly due to territorial disputes that plague them even before the inception of Pakistan but this time round the Afghan regime is exhibiting extraordinary insensitivity to Pakistani perceptions about this issue and has embarked upon construction activities on disputed territory. It is also not strange to experience border disruptions including their closure and such irritants are required to be removed through parleys with the aim to properly demarcate disputed border regions. It should also be taken into account that trade disruption caused widespread misery to the people.

    Torkham is a key conduit in Afghan transit trade but it must be appreciated that Pakistan’s security concerns must be addressed for smooth cross-border economic activities. Currently what is witnessed instead is the intransigence of the Taliban regime that has not refrained from being sarcastic about Pakistan’s economic difficulties pointing out that Pakistan should concentrate more on exports than closing borders.

    On the other hand, the cross-border infiltration by terrorists has increased manifold causing worry to Pakistani security forces. The latest outrage was committed in Chitral during which an unspecified number of terrorists attacked two Pakistani positions resulting in martyrdom of four Pakistani troops. It was reported that a large group of terrorists belonging to the Tehreek-e-Taliban Pakistan (TTP) crossed over from the Afghan side and launched an attack.

    Swiss NGO, 18 staff members detained, Afghanistan

    Though TTP is reportedly active in several parts of KP and northern Balochistan but Chitral had not seen any terrorist activity up to now indicating that the terrorists are feeling confident enough to extend their area of activity which set-off alarm bells considered conducive by the TTP as they assist in spreading fear far and wide. The growing militancy also points out to the inadequacy of the Pakistani security apparatus as was also evident from the fact that intelligence agencies warned of an impending attack on Chitral.

    The sequence of events in this context clearly points out that the upsurge in terrorism in Pakistan cannot be an isolated phenomenon as a terrorist group cannot launch massive cross-border attacks involving a significant number of terrorists inside Pakistan without the support and approval of the Afghan Taliban regime.

    If there is any semblance of truth in such suspicions harboured by increasing number of international observers then it points out to a covert declaration of hostilities against Pakistan by Afghanistan. This is an unnerving state of affairs that is fraught with dangerous consequences both for Pakistan and Afghanistan. It also belies the impression that Pakistani security establishment had close ties with Haqqani network because media reports mention its direct involvement in terrorist activities across Pakistan.

    Contrary to the impression, in actual fact that the Haqqanis maintain close relations with the TTP and the network was reportedly instrumental in acting as a conduit during negotiations of Pakistani government with the TTP that ultimately failed. Haqqani network is part of the large set of Afghan militants that have held and maintained close relations with the TTP that has evolved over time with filial relationships having taken place between them.

    The cooperation between the Taliban when they were fighting foreign occupation was due to strategic considerations as Pakistan security establishment held firm belief that the Americans would ultimately quit Afghanistan, and in that case, Pakistan would be constrained to deal with them on amicable terms. The Americans did indeed withdraw but the turnaround of the Taliban, Pakistan’s erstwhile allies, was highly unexpected and caused tremendous disruption in ties between both the countries.

    It is reported that the Haqqani network largely recruited Pakistani militants and the result was that a considerable number of militants now engaged in terrorist activities are Pakistanis that has extremely complicated the security situation. Haqqani network does have multiple connections with many other terrorist groups that have strengthened its combat ability and financial as well as logistical supply chains. Such connections have made the network to be considered part of wider affiliations harboured by Al Qaeda though this setup does not have a recognised centre.

    Chitral operation, ISPR, security forces, Chitral terrorist attack

    The propaganda pattern of Haqqani network as well as the Al Qaeda has also influenced Pakistani militants further radicalising them against the state. By the looks of it, Pakistani security apparatus has seriously underestimated the potential hazards such terrorist groups carry in their wake particularly the solidarity of their association with Afghan Taliban and their affiliated groups.

    It is very apparent that this nexus has facilitated shifting of a large number of its fighters to Pakistan providing them with Nato-calibre weapons that have tremendously increased their fighting capability. Moreover, it is reported that the TTP network is actively engaged in merging various factions particularly in Pakistani territory that provide support terrorist activities in the country. In addition, Afghan Taliban are also re-directing their fighters towards Pakistan aiding the nefarious activities of the terrorist network.

    TTP terrorists are exploiting Pakistan’s vulnerabilities with regard to territory, resourcesand support base as was borne out by the string of terrorist attacks in Zhob and Chitral. These activities reveal a broader strategy that also involves establishing a new base in Chitral that may extend terrorist activities in the region with an additional aim of exploiting communal tensions in Chinese regions.

    This situation is precarious not only for Pakistan but also is dangerous for the Afghan Taliban regime that may face the reaction of Pakistani security apparatus that is now sick and tired of the scenario.

  • World’s largest investment fund

    World’s largest investment fund

    The financial prowess of the western world is not only confined to the United States and high-performing West European performing economies. The financial strength of the western world is widely spread and include smaller economies such as Norway and its other Scandinavian sister countries, Sweden and Denmark that excel in economic output and material prosperity.

    The Scandinavian countries usually top the global index in terms of socio-economic excellence and their citizens enjoy the most benefits across the world. They are also known as the hub of peaceful existence that has proved conducive to socio-economic development providing exceptional life conditions to their populace.

    In this context Norway has also taken lead in terms of international investments and its investment portfolio is rated to be the largest of its kind. Norway’s $1.4 trillion wealth fund, the world’s single largest stock market investor,holding stakes in around 9,200 companies globally, equivalent to 1.5 per cent of all listed stocks and has set the pace on many issues in the field of environmental, social and corporate governance (ESG). The Norwegian fund, which contains all state revenues from the country’s massive oil and gas sector, was created in the early 1990s to help finance the generous welfare state system once the wells run dry.

     

    It invests in equities, bonds and real estate. Sovereign funds are state-owned investors in various kinds of assets that aim to generate revenue for government programmes and pensions.

    Strict ethical regulations bar it from investing in particularly inhumane weapons makers, the tobacco industry and companies that are found guilty of violating human rights, causing serious environmental damage or corruption. Norway’s sovereign wealth fund has excluded two companies due to concerns over ethics and has re-admitted three others. The fund, valued at around 3.8 trillion kroner (526 billion euros), sold the 0.67 per cent and 1.1 per cent stakes it held respectively in the US groups Jacobs Engineering and Babcock & Wilcox, because of their involvement in the manufacturing of nuclear weapons. The third shareholder in MBDA, European aerospace giant EADS which has activities in the military nuclear industry, remains on the blacklist of companies that the fund will not invest in. The fund has blacklisted 54 companies, including Boeing, Lockheed Martin, Safran, Philip Morris, British American Tobacco, Wal-Mart and Rio Tinto.

    On the other hand, the Norwegian fund re-introduced British company BAE Systems and Italy’s Finmeccanica after their joint venture, missile maker MBDA, stopped producing ASMP-A nuclear warhead missiles for the French army.

    The US chemicals group FMC Corporation, which was excluded from the fund in 2011, has also been re-admitted after putting an end to its phosphate acquisitions in Western Sahara, a territory annexed by Morocco in 1975. The Norwegian finance ministry also decided to take German company Siemens off of its observation list, where it had been placed in 2009 after a series of corruption scandals.

    In an interesting decision the fund grew dominantly on petrodollars decided to sell off stakes in oil and gas exploration and production companies to reduce its exposure to black gold. While the decision is based solely on financial considerations and not on the environment, a divestment — even partial — by an investor worth more than $1 trillion was seen as a major blow to the fossil fuels industry and hailed by the environmental lobby. The government of

    Norway, the biggest oil and gas producer in western Europe, said the divestment was specifically targeting exploration and production companiesrather than selling a broadly diversified energy sector. The objective is to reduce the vulnerability of their common wealth to a permanent oil price decline and the point stressed here is that the move should not be interpreted as a lack of confidence in the future of the oil sector.

    Norway sovereign wealth fund, Adani Group

    As the decision only concerns companies specialised in upstream operations, it could affect 134 groups like Chesapeake of the US, Canada’s Encana, China’s CNOOC, France’s Maurel and Britain’s Tullow, among others. Companies involved in downstream operations, such as distribution and refining, and, more importantly, integrated companies which do both down- and upstream — such as giants ExxonMobil, Shell, BP and Total — will not be affected. This proposal therefore concerns $7.5 billion of the around $37 billion the fund held in the oil and gas sector at the end of 2018.

    The Norwegian decision follows a headline-making 2017 recommendation by the Scandinavian country’s central bank, which manages the fund, aimed at limiting the state coffers’ exposure to a steep drop in oil prices, as in 2014.

    Sometimes later Norway, for the first time, had drawn out more cash from its sovereign wealth fund than it paid in, as the oil-rich nation grapples with plummeting crude prices. State oil revenues have fallen considerably, and for the first time in a long time have become less than the national budget deficit.

    The government withdrew in January a net 6.7 billion kroner ($780 million) from the fund — much more than the 4.9bn kroner forecast last year for the whole of 2016. The sovereign fund is fuelled by Norway’s huge oil and gas revenues and is intended to pay for future generations in the welfare-state after the country’s wells run dry.

    Its investment policy is run according to strict ethical rules, with a focus on sustainable economic, environmental and social development.

    The government is only permitted to withdraw up to four per cent from the fund to help balance its budget.Norway, like other oil producing countries was hit hard by the 70 per cent fall in global crude prices since mid-2014 due to a supply glut. Strict ethical regulations bar it from investing in particularly inhumane weapons makers, the tobacco industry and companies that are found guilty of violating human rights, causing serious environmental damage or corruption.

    The fund published for the first time an analysis of its voting record during this year’s annual shareholder meeting season, where investors vote on issues including executive pay. Since 2021, the fund has campaigned to boost the number of women on company boards and to consider targets if fewer than 30 per cent of directors are female. It pointed out that if a company does not have even one woman on the board, then the fund will vote against that company.

    The fund has also put executive pay in the spotlight and now plans to also step up the pressure, though details of how are not decided. It mentioned that the large packages are getting larger, and from the figures that are seen, the larger packages are increasing more than the median of packages, and more than inflation.

    So far this year, the fund voted against one in every 10 CEO pay packages, more than in recent years, and including against a growing number in the United States, its report showed. This year for the first time the fund analysed the structure of all US pay packages above $20 million to see if they aligned with long-term value creation. As a result of its analysis, the fund voted against more than half of pay packages above this level, the report showed. The fund voted against the pay of Coca-Cola’s James Quincey, Apple’s Tim Cook and PepsiCo’s Ramon Laguarta, the fund’s voting record showed.