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US VETOES UN CEASEFIRE BID AS ISRAEL CONTINUES BRUTAL GAZA ASSAULT In partnership with

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Sunday, 10 December, 2023 I 25 Jamada Al-Awal, 1445

ISRAELI FOREIGN MINISTER SAYS CEASEFIRE ‘WOULD PREVENT COLLAPSE OF HAMAS TERRORIST ORGANISATION’

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Rs 15.00 | Vol XIV No 161 I 8 Pages I Karachi Edition

UN SAYS ABOUT 80PC OF GAZA POPULATION DISPLACED, WITH DIRE SHORTAGES OF FOOD, FUEL

China ‘disappointed, regretful’ over US veto on UNSC resolution UNITED NATIONS MIAN ABRAR

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UNITED NATIONS AGENCIES

SRAEL pressed its invasion of the besieged Palestinian enclave of Gaza on Saturday after the United States blocked an extraordinary UN bid to call for a ceasefire in the two-month conflict. Hamas and the Palestinian Authority swiftly condemned the US veto as the Palestinian health ministry put the latest death toll in Gaza at 17,487 people, mostly women and children. An Israeli strike on the southern city of Khan Yunis killed six people, while five others died in a separate attack in Rafah, the ministry said Saturday. Vast areas of Gaza have been reduced to rubble and the UN says about 80 percent of the population has been displaced, with dire shortages of food, fuel, water and medicine reported. “It’s so cold, and the tent is so small.

All I have are the clothes I wear, I still don’t know what the next step will be,” said Mahmud Abu Rayan, displaced from Beit Lahia in the north. A UN Security Council resolution that would have called for an immediate ceasefire was vetoed by the United States on Friday. US envoy Robert Wood said the resolution was “divorced from reality” and “would have not moved the needle forward on the ground”. Israeli Foreign Minister Eli Cohen said the ceasefire “would prevent the collapse of the Hamas terrorist organisation, which is committing war crimes and crimes against humanity, and would enable it to continue ruling the Gaza Strip”. Hamas slammed on Saturday the US rejection of the ceasefire bid as “a direct participation of the occupation in killing our people and committing more massacres and ethnic cleansing”. Palestinian Prime Minister Mohammed

Pakistan set to launch 5G in July next year g

TELECOMMUNICATION TRIBUNAL AND AN ACTION ADVISORY COMMITTEE FOR 5G WILL BE FORMED WITHIN THREE WEEKS, SAYS DR UMAR SAIF PROFIT

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Caretaker Federal Minister of Information Technology and Telecommunication Dr Umar Saif said that Pakistan is set to launch 5G service in July next year, with plans to auction 300 MHz spectrum. In a media briefing, the interim minister highlighted the anticipated growth of Pakistan’s IT exports in the Middle East, citing memorandums of understanding (MoUs) signed with three Qatari companies as contributing factors. Dr Saif addressed ongoing efforts by the government to resolve issues faced by telecommunication companies regarding the implementation of 5G technology. He disclosed plans to establish a telecommunication tribunal within three weeks and the formation of an action advisory committee for 5G. Additionally, a consultant will be hired to oversee the 5G action plan, expressing optimism that all telecommunication companies will participate in the spectrum auction. Dr Saif underscored the importance of women’s participation in decision-making and emphasized the need to provide equal opportunities for women in business. The government has launched various schemes to support women in entrepreneurship. The occasion also featured a ceremony hosted by the World Bank Group, marking the conclusion of the Women Entrepreneurs Finance Initiative (We-Fi) in Pakistan. Dr Saif highlighted the government’s crucial role in supporting women’s entrepreneurship and access to finance. Over its three-year span, WeFi collaborated with 30 top-tier incubators and accelerators, enhancing their capacity to integrate gender-lens investmentreadiness into their curricula, he said.

China expressed deep disappointment and regret over the US’ veto of a UN Security Council resolution draft calling for a humanitarian ceasefire in Gaza, Chinese Ambassador to UN Zhang Jun said on local time Friday, criticizing the “hypocrisy and double standards” of the US government. The UN Security Council convened an emergency session during which Secretary-General António Guterres said that there is “a high risk of the total collapse of the humanitarian support system in Gaza, which would have devastating consequences.” The draft, proposed by countries including the United Arab Emirates (UAE), received 13 votes and one ab-

stention from the UK. The only rejection came from the US, a permanent member of the Security Council with veto power. After the voting, Zhang said the core of the resolution draft proposed by the UAE, on behalf of Arab countries, is to call for an immediate humanitarian ceasefire in Gaza and the release of all hostages. This resolution has nearly 100 co-sponsoring countries, including China. We are extremely disappointed and regretful that the resolution was vetoed by the US. The two months of conflict have caused unprecedented death and destruction, and an immediate ceasefire is the prerequisite for everything. On this issue, any negative attitude is untenable, and any justification (of rejection) is feeble, Zhang said.

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Shtayyeh said it was “a disgrace and another blank cheque given to the occupying state to massacre, destroy and displace”. The veto was swiftly condemned by humanitarian groups, with Doctors Without Borders (MSF) saying the Security Council was “complicit in the ongoing slaughter”. Israel’s military said Friday it had struck 450 targets in Gaza over 24 hours, showing footage of strikes from naval vessels in the Mediterranean. The Palestinian health ministry reported

Pakistan ‘rues’ vetoe of Gaza ceasefire resolution ISLAMABAD

Pakistan on Saturday expressed “deep disappointment” after the US vetoed a resolution at the UN Security Council calling for a ceasefire in Gaza as Israeli bombardment of the besieged territory continues relentlessly, claiming over 17,000 lives, majority of them children and women so far. In a statement issued on Saturday, the Foreign Office said, “Despite the invocation of Article-99 of the UN Charter by the Secretary-General and his warnings of humanitarian catastrophe in Gaza, the UNCS has failed to perform its primary responsibility to maintain international peace and security.” “The collective punish-

40 Palestinians killed near Gaza City in the north, and dozens more in Jabalia and the main southern city of Khan Yunis. Following two months of conflict and barbaric Israeli bombardment, UN chief Antonio Guterres said Friday “the people of Gaza are looking into the abyss”. “People are desperate, fearful and angry,” he said. “All this takes place amid a spiralling humanitarian nightmare.” Many of the 1.9 million Gazans who have been displaced by the war have headed

Nawaz Sharif for mending ties with ‘upset’ neighbouring countries including India LAHORE

STAFF REPORT

Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif stressed on mending relations with India, Afghanistan and Iran on Saturday, observing that the country cannot expect to be taken seriously on a global stage if neighbouring countries were upset with it. Speaking at the sixth session of the party’s parliamentary board in Lahore, the three-time former prime minister said that improving ties with India, Afghanistan, and Iran, and strengthening ties with China was on his party’s agenda. Hinting at the PTI government’s tenure, he noted that attempts were made to “sabotage” the China-Pakistan Economic Corridor (CPEC) after his government. The PML-N chief acknowledged that the nation has faced significant challenges over the past four years. He reflected on the “positive period” in 2017 when he served as the prime minister, highlighting “robust development”. However, he expressed disappointment that the momentum of development was disrupted by certain individuals, hindering Pakistan’s prosperity. Nawaz attributed the current inflation to economic mismanagement that began during the Pakistan Tehreek-e-Insaf’s (PTI) government in 2019, with a substantial decline observed in 2022 by the time Shahbaz Sharif, his brother, assumed power. “Had

Shahbaz Sharif not taken charge, the country would have defaulted,” the elder brother maintained. Lamenting the country’s reins being “handed over to an incompetent person”, the former premier emphasised that despite “PML-N’s contributions in various fields such as economy, defense, and foreign affairs”, his government was repeatedly ousted from power. Reflecting on his past expulsions in 1993 and 1999, Nawaz questioned, “Was it because we managed things properly that we were ousted? Was it because we opposed the Kargil war? A decision that turned out to be correct over time,” he added. He highlighted the PML-N’s “commitment to national security”, including conducting nuclear tests under pressure. The PML-N supremo mentioned that two Indian prime ministers visited Pakistan during two tenures of PML-N governments. Nawaz stressed the need to hold accountable those responsible for bringing the country to its current state, questioning why the nation was treated in a manner contrary to the ideals of any patriotic Pakistani. He emphasised that the country belongs to its people, and future generations. A day earlier, the PML-N supremo while addressing the fifth parliamentary board meeting of the party said the party was not in pursuit of power, but gave priority to the accountability of those people who were responsible for implicating him in “fabricated” cases that

STAFF REPORT

led to his ouster as the prime minister in 2017. “This [accountability] is necessary so that the truth can be known to the people and justice can prevail,” he said at the meeting. He was accompanied by his brother and PML-N President Shehbaz Sharif and his daughter and party’s Senior Vice President Maryam Nawaz. Also present on the occasion was PML-N Punjab President Rana Sanaullah. Nawaz termed the matter of the £190 million settlement – also known as Al-Qadir Trust case – which also involved former premier Imran Khan, the “biggest corruption scandal in the history of the country”, adding that there was no doubt about it. Apparently taking a dig at the former PTI chairman, the PML-N supremo claimed that the person who accused others of theft and robbery turned out to be the “biggest thief” himself. Nawaz said good and bad times were a part of life and the PML-N, despite facing injustices, had not abandoned its patience. The former three-time premier maintained that he desired to pull Pakistan out of the existing difficulties and bring the country back on the path of progress. Nawaz advised those who were aspiring to join politics to go ahead with only with the motive to bring the country back on the path of development by taking practical steps. He continued that political aspirants should be committed to change the fate of the country’s people.

ment endured by the besieged people of Gaza is unprecedented and unacceptable,” the FO added as the world slammed Washington’s move. “Pakistan is deeply disappointed that the UN Security Council [UNSC] once again failed to call for a ceasefire in Gaza, even in the face of a human tragedy of epic proportions taking place there,” the Foreign Office (FO) said in a statement. Pakistan reiterated its call for an immediate and unconditional ceasefire to avert a humanitarian catastrophe. Israel must end its barbaric attacks and inhumane siege against Gaza. “We urge the UN Security Council to act now, end this inhuman war and protect the people of Gaza from an impending genocide,” it was stressed.

south, turning Rafah near the Egyptian border into a vast camp. Only 14 of the 36 hospitals in the Gaza Strip were functioning in any capacity, according to United Nations’ humanitarian agency OCHA. With the civilian toll mounting, US National Security Council spokesman John Kirby told reporters Friday that Washington believes Israel needs to do more to protect civilians in the conflict.

Change can come with change in attitude, not uniform: PM Kakar

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ISLAMABAD

STAFF REPORT

Caretaker Prime Minister Anwaarul Haq Kakar on Saturday lauded the contributions and sacrifices of the police force for maintaining law and order in the country, underscoring the need for change in attitude to improve upon the image of force. Caretaker Prime Minister Anwaarul Haq Kakar was addressing the 7th annual conference of former Inspector Generals of Police (AFIGP) who had served the police force for decades. The annual event was organized by the Association of Former Inspectors General of Police (AFIGP). The prime minister while expressing his deep appreciation for the police force for maintaining internal order, said that it was a sacrosanct duty and no society could afford chaos as anarchy was unacceptable. He said the police force was the custodian to protect them from that anarchy and had been serving as the frontline force from sepoy to officer to protect the society. The caretaker prime minister referring to the functioning of the force, suggested that they required deep introspection as to how to further improve the situation and the image of force. “Changes can come with change in attitude and not by mere changing the uniform,” he opined. Appreciating the sacrifices of police force, the prime minister said that they owed a lot for this force and particularly referred to the sacrifices of Khyber Pakhtunkhwa and Balochistan police besides other provinces. Recollecting the sacrifice of Shaheed Commandant FC and IGP KP Safwat Ghayur, he said that he had hardly seen an iconic figure like Safwat in the country. “If he had been alive, he would have been my leader and I would have been his follower,” he added. The prime minister observed that two noble professions in the country were mistreated including nursing and police, adding that they needed to rebrand them by providing resources and infusing confidence in them. That brand was more important indicating that selfesteem associated for doing any sort of job was significant, he added. He said the police force cleaned the filth and dirt from society and were the chosen and noble ones as they were protecting their children.

Chinese IPPs’ circular debt surpasses Rs400bn, threatens progress on power projects

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OUTSTANDING PAYABLE STANDS AT RS1.75TR, AND POWER DISTRIBUTION COMPANIES INCURRED LOSSES OF RS76B IN FIRST FOUR MONTHS OF FY-2023-24 PROFIT

NEWS DESK

The circular debt owed by Chinese Independent Power Producers (IPPs) has surpassed the Rs400 billion mark, posing challenges to the continuation of robust power sector initiatives by Chinese companies. The overall circular debt in the power sector reached Rs2.6 trillion by the end of October 2023, with no signs of abating as it accumulates at a monthly rate of Rs75 billion.

Top official sources confirmed the escalating circular debt crisis, expressing concerns about its impact on other power projects undertaken by Chinese companies. Despite efforts by the previous government to alleviate the circular debt burden, recent months have witnessed a resurgence, with the Chinese IPPs’ debt escalating from Rs250-300 billion to the current Rs400 billion. Officials warn that failure to address the circular debt issue amicably may lead the

Chinese to slow down progress on other power projects. The Power Ministry has engaged with the Chinese side, requesting an extension of the debt-to-equity ratio maturity for Chinese IPP projects. The complexity of the situation arises from the fact that Chinese power plants, relying on imported coal and RLNG, contribute to the mounting circular debt. Repayment challenges persist, as the Chinese are reluctant to settle capacity repayments in the local currency, creating

difficulties for the dollar-scarce nation amid a depreciated rupee. Repayments remain linked to the dollar rate parity against the rupee. With imported coal costs surging by over 450 percent, offering no easy solution to reduce capacity repayment charges, the government may explore the option of requesting the Chinese to consider domestic coal to lower power generation costs. As of October 30, 2023, the circular debt reached Rs2.6 trillion, escalating from

Rs2.3 trillion at the end of June 2023. Revised estimates presented to the IMF indicate a projected increase of Rs385 billion in circular debt by the end of December. The outstanding amount payable to power producers stands at Rs1.75 trillion, and power distribution companies incurred losses of Rs76 billion in the first four months of the current fiscal year. Despite tariff and fuel price adjustments, and surcharges, the power sector remains in disarray, with no apparent relief on the horizon.


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