How World Bank arbitrators mugged Pakistan

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Project Syndicate | 26 November 2019

How World Bank arbitrators mugged Pakistan

Thanks to the World Bank’s flawed and corrupt investment arbitration process, the rich are making a fortune at the expense of poor countries. The latest shakedown is a $5.9 billion award against Pakistan’s government in favor of two global mining companies for an illegal project that was never approved or carried out.

NEW YORK – Wall Street hedge funds and lawyers have turned an arcane procedure of international treaties into a money machine, at the cost of the world’s poorest people. The latest shakedown is a $5.9 billion award against Pakistan’s government in favor of two global mining companies – Antofagasta PLC of Chile and Barrick Gold Corporation of Canada – for a project that was never approved by Pakistan and never carried out. Tiếp tục đọc “How World Bank arbitrators mugged Pakistan”

Pakistan fined Rs950 bn in Reko Diq case

The News International, Pakistan

isds.bilaterals.org – By Wajid Ali Syed – 14 July 2019

WASHINGTON: The International Center for Settlement of Investment Disputes (ICSID) of World Bank has rendered almost $6 billion (Rs950 billion) award against Pakistan in Reko Diq case.

The arbitration case started in July 2012 with the constitution of the tribunal, and the final award announcement had been awaited since last year. On Friday, the tribunal concluded the case in 700-page verdict awarding a massive $4 billion in penalty and around $2 billion in interest and the expenditure incurred on the case by the TCC. Since this is the largest award in the history of the tribunal, Pakistan now faces a serious threat of assets seizure abroad. Tiếp tục đọc “Pakistan fined Rs950 bn in Reko Diq case”

World Bank court orders Pakistan pay $5.8 billion damages to Tethyan Copper – Pakistan đền bù 6 tỷ USD cho công ty nước ngoài vì đóng cửa mỏ vàng

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JULY 13, 2019 / 9:59 PM Dave Sherwood

SANTIAGO (Reuters) – A World Bank arbitration court has ordered the Pakistani government pay damages of $5.8 billion to Tethyan Copper, a joint venture between Chile’s Antofagasta Plc (ANTO.L) and Canada’s Barrick Gold (ABX.TO), the Chilean miner said late on Friday.

Tiếp tục đọc “World Bank court orders Pakistan pay $5.8 billion damages to Tethyan Copper – Pakistan đền bù 6 tỷ USD cho công ty nước ngoài vì đóng cửa mỏ vàng”

Chiến lược “ngoại giao bẫy nợ” của Trung Quốc

Huỳnh Hoa Chủ Nhật,  28/1/2018, 07:40 

Cảng nước sâu Hambantota ở Ấn Độ Dương. Do không trả được lãi vay của Trung Quốc, Sri Lanka buộc phải nhượng cho Bắc Kinh quyền sử dụng hải cảng này 99 năm. Ảnh: Wikipedia

(TBKTSG) – Gần đây ngày càng có nhiều quốc gia ở Đông Nam Á và Nam Á rơi vào bẫy nợ của Trung Quốc: vì không trả được nợ mà phải nhượng đất nhượng biển, hoặc làm theo những yêu cầu chính trị và ngoại giao của Bắc Kinh. Với đại dự án “Một vành đai, một con đường” (BRI – Bell and Road Initiative) đi qua nhiều nước mà Chủ tịch Trung Quốc Tập Cận Bình đang ra sức quảng bá, dự đoán sẽ có thêm nhiều nước mắc vào chiếc bẫy này.

Câu chuyện Sri Lanka

Tháng 12 năm ngoái, Chính phủ Sri Lanka phải cho một doanh nghiệp nhà nước Trung Quốc thuê hải cảng Hambantota trên bờ Ấn Độ Dương 99 năm để “cấn trừ” bớt khoản nợ mà nước này đã vay để phát triển khu vực hẻo lánh này. Tiếp tục đọc “Chiến lược “ngoại giao bẫy nợ” của Trung Quốc”

Suicide bombers attack church in Pakistan’s Quetta before Christmas, killing nine

Two suicide bombers stormed a packed Christian church in southwestern Pakistan on Sunday, killing at least nine people and wounding up to 56, officials said, in the latest attack claimed by Islamic State in the country.

 
A policeman takes position after gunmen attacked the Bethel Memorial Methodist Church in Quetta, Pakistan December 17, 2017. REUTERS/Naseer Ahmed

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QUETTA, Pakistan/ISLAMABAD: Two suicide bombers stormed a packed Christian church in southwestern Pakistan on Sunday, killing at least nine people and wounding up to 56, officials said, in the latest attack claimed by Islamic State in the country.

Police guards stationed at the church entrance and on its roof killed one of the bombers but the second attacker detonated his explosives-filled vest outside its prayer hall just after Sunday services began in Quetta, capital of Baluchistan province, said Sarfraz Bugti, the provincial home minister. Tiếp tục đọc “Suicide bombers attack church in Pakistan’s Quetta before Christmas, killing nine”

Pakistan, đất hứa của người Trung Quốc

Chủ Nhật,  10/9/2017, 12:18 (GMT+7)

Người dân Pakistan, mở tiệc iftar mừng kết thúc mùa chay Ramadan trên đường phố Lahore, trước văn phòng của tập đoàn viễn thông Trung Quốc Huawei. Ảnh: Internet

(TBKTSG) – Trương Dương (Zhang Yang) – một doanh nhân của tỉnh Trùng Khánh phía tây nam Trung Quốc – thường lên các diễn đàn trực tuyến tìm những người có máu kinh doanh và dũng cảm, có thể gạt bỏ các mối lo về an ninh để cùng với ông đi làm ăn ở Pakistan.

Ông Trương, 48 tuổi, là một trong số ngày càng đông những người Trung Quốc tiên phong đi tìm cơ hội ở nước Pakistan bên kia dãy núi Himalaya, nơi Bắc Kinh đã cam kết đầu tư 57 tỉ đô la Mỹ vào các dự án cơ sở hạ tầng như là một phần trong đại dự án “Một vành đai, một con đường” mà Chủ tịch Trung Quốc Tập Cận Bình mới công bố gần đây.

Tiếp tục đọc “Pakistan, đất hứa của người Trung Quốc”

India army chief: we must prepare for simultaneous war with China and Pakistan

General says Himalayan standoff could become larger conflict with China, which Pakistan would then use to its advantage

The flags of China and India are displayed at a conference room used for meetings between military commanders on the Indo-China border.
The flags of China and India are displayed at a conference room used for meetings between military commanders on the Indo-China border. India’s army chief the country should be ready in case of war. Photograph: Adnan Abidi/Reuters

India’s army chief said on Wednesday the country should be prepared for a potential two-front war given China is flexing its muscles and there is little hope for reconciliation with Pakistan. Tiếp tục đọc “India army chief: we must prepare for simultaneous war with China and Pakistan”

India most corrupt Asian country, Vietnam second: Forbes

Business Standard

The article goes on to praise Prime Minister Narendra Modi for his ‘fight against corruption.

ANI  |  New Delhi  Last Updated at September 1, 2017 15:11 IST

India corruption

Image: Shutterstock
If the statistics furnished by the Transparency International (TI), an anti-corruption global civil society organisation, are anything to go by, India has a long way ahead to fulfil one of the many objectives as told by the current Indian government – defeating the malice of corruption.

A recent survey by the Transparency International states that India is the most corrupt country in Asia.

Depicting how pervasive the problem is across Asia, a list released by – Asia’s Five Most Corrupt Countries – says that India beats Vietnam, Thailand, Pakistan and Myanmar, when it comes to bribery rate.

The article, which rates India the highest in the list with 69 per cent bribery rate, describes India as: “In five of the six public services – schools, hospitals, ID documents, police, and utility services – more than half the respondents have had to pay a

The article goes on to praise Prime Minister for his ‘fight against corruption’.

“However, Prime Minister Narendra Modi’s fight against corruption has made a mark: 53 per cent of the people think he is going it fairly or very well. And it has led to people feeling empowered, as 63 per cent believe ordinary people can make a difference,” it adds.

India is closely followed by at 65 per cent bribery rate.

India’s neighbour, Pakistan, stands fourth in the list with 40 per cent bribery rate. The article describes the nation as: “In Pakistan, about three-fourths of respondents perceive most or all of the police to be corrupt. Of the people who encountered either the police or the courts, nearly seven in ten had to pay a Sadly, people don’t feel things can change-only a third think ordinary people can make a difference.”

The 18-month long survey by Transparency International was concluded after talking to more than 20,000 people in 16 countries, regions and territories in the Asia Pacific.

The Berlin-based corruption watchdog had put India at rank 76 out of 168 countries in its Corruption Perception Index last year.

The country’s 2015 corruption perception score remained the same as 2014’s – 38/100 – showing lack of improvement.

According to figures published in March, 2017, while citizens of Pakistan were the most likely of any country to be asked for bribes in law and order institutions, for India the police bribery rate was 54 per cent and for a low 12 per cent.

India had the highest bribery rates of all the countries surveyed for access to public schools (58 per cent) and healthcare (59 per cent).

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, September 01 2017. 14:59 IST

Thousands defy rally ban to celebrate Pakistani blasphemy murderer

ISLAMABAD: Thousands of religious hardliners in Pakistan defied a ban on demonstrations to rally on Wednesday in support of a man executed for murdering a popular governor over his call to reform the country’s blasphemy laws.

Mumtaz Qadri was executed on Feb. 29 last year for killing Salman Taseer, the governor of Punjab, Pakistan’s most populous province.

Qadri had been assigned as one of Taseer’s bodyguards after the governor enraged the religious right by calling for reform to the country’s blasphemy laws in support of a Christian woman who had been sentenced to death. Tiếp tục đọc “Thousands defy rally ban to celebrate Pakistani blasphemy murderer”

Islamic State-claimed bomb kills 70 at Pakistani shrine

The Islamic State group (IS) claimed the attack, the deadliest to hit Pakistan so far in 2017, in the town of Sehwan in Sindh province, some 200 kilometres northeast of the provincial capital Karachi.

A police source said a suicide bomber entered the shrine of Lal Shahbaz Qalandar, a 13th century Muslim saint, and blew himself up among hundreds of devotees.

The centuries-old shrine, one of the most revered in Pakistan, had been crowded on a Thursday, considered a sacred day for prayers. Tiếp tục đọc “Islamic State-claimed bomb kills 70 at Pakistani shrine”

Pakistan high court bans Valentine’s Day

The Islamabad high court issued the order after a petitioner declared love was being used as a “cover” to spread “immorality, nudity and indecency… which is against our rich traditions and values”. Tiếp tục đọc “Pakistan high court bans Valentine’s Day”

Vaccin chất lượng cao cho trẻ Việt Nam: Không thể chần chừ

BS.Trần Song Hào – Thứ Hai,  16/1/2017, 15:43 (GMT+7)

Mục tiêu loại bỏ tOPV (chứa tuýp 2), thay thế bằng IPV và Lịch tiêm chủng theo Chiến lược GPEI 2013-2018 (WHO).

(TBKTSG) – Những ngày cuối năm 2016, truyền thông đưa tin 11 trong số 13 cháu bé ở Pakistan uống vaccin bại liệt OPV phải nhập viện cấp cứu, 5 cháu đã ra viện sau đó, 2 tử vong và 4 phải điều trị tích cực ở Bệnh viện Hayatabad, thành phố Peshawar (1, 2). Đây là một “cú giáng” vào chiến dịch tiêm chủng chống bệnh bại liệt trên toàn quốc mà Chính phủ Pakistan đang triển khai.

Tiếp tục đọc “Vaccin chất lượng cao cho trẻ Việt Nam: Không thể chần chừ”