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Pakistan will observe a day of mourning on Monday (tomorrow) to express solidarity with families of its nationals who dr...
18/06/2023

Pakistan will observe a day of mourning on Monday (tomorrow) to express solidarity with families of its nationals who drowned in a migrant boat shipwreck off Greece on Wednesday.

At least 78 people were drowned when the ill-fated boat with reportedly 400 to 750 people onboard sank in the Mediterranean Sea near the Greek coast. Meanwhile, some 104 people were rescued and sent to Kalamata, Greece, as per to the latest media reports.

Expressing his grief over the tragic incident of the boat carrying migrants capsized off the coast of Greece resulting in deaths of several people, including Pakistanis, Prime Minister Shehbaz Sharif has announced to observe day of mourning tomorrow, according to a statement issued by the Prime Minister Office's media wing.

It said that the national flag will fly at half mast at all the important buildings.

PM forms committee
Meanwhile, the prime minister has constituted a four-member high-level committee to investigate the tragic incident of boat capsizing off Greece coast.

According to a notification issued by the PM’s Office, the committee will comprise National Police Bureau Director General Ehsan Sadiq —who will head the body — Minister of Foreign Affairs Additional Secretary (Africa) Javed Ahmed Umrani, AJK’s Police Region Poonch Deputy Inspector General Sardar Zaheer Ahemed and FIA’s Joint Secretary Faisal Nisar Chaudhry.

The committee shall submit its report within one week.

As per terms of reference of the committee, it will ascertain facts of the Greece boat tragedy, to identity loopholes and lapses in the legal and enforcement mechanism in Pakistan that exposed precious human lives to the vagaries of human trafficking in this particular case and similar incidents in the past.

It will analyse similar past incidents and action taken. The forum will also take stock of existing legal framework, enforcement measures in the country and the international coordination to prevent, control and punish human smuggling and to prepare short and long term recommendations, including legislation, enforcement measures, awareness campaign and improvement of national and international coordination to apprehend agents, facilitators, masterminds and rackets and for the eradication of the menace of human trafficking.

It is pertinent to mention here that the Ministry of Foreign Affairs had confirmed that 12 Pakistanis were among the survivors of the capsized overloaded fishing boat which sank off the Peloponnese in southern Greece.

"Sympathies of the entire nation, including me, are with the families of the deceased," a press release issued by Prime Minister Office's media wing quoted PM Shehbaz as saying today.

It said that the premier while ordering the probe into the matter, directed the authorities concerned to tighten the noose around the elements involved in luring people into dangerous businesses such as trafficking.

It further stated that the premier also ordered an immediate crackdown against the agents involved in the heinous crime and punish them in a befitting manner.

PM Shehbaz also directed the Pakistani Embassy in Greece to take care of the 12 Pakistanis who had been rescued in the incident, it added.

On Saturday, the FIA said that the prime suspect in the Greek boat tragedy, Sajid Mehmood, was arrested at Karachi airport while he was trying to flee to Azerbaijan.

The FIA said the suspect was allegedly involved in smuggling people to Europe via Greece and Libya. He was offloaded from a plane after his name appeared on the FIA’s stop list, the officials added.

The federal agency further stated that the same suspect was also allegedly involved in the boat incident that capsized in Libya in March.

On Thursday, the Greek police arrested nine Egyptians on suspicion of people smuggling — one of them was the captain of the boat carrying the migrants.

They were detained at the port of Kalamata, where the survivors are being cared for, said Greek news agency ANA.

Greece, Italy and Spain are among the main landing points for tens of thousands of people who seek to reach Europe.










CHATGPT Says Yes, bankruptcies do occur in Pakistan, and they can have serious consequences for individuals and business...
12/05/2023

CHATGPT Says Yes, bankruptcies do occur in Pakistan, and they can have serious consequences for individuals and businesses. There are a number of reasons why bankruptcies may occur, including economic factors such as high inflation, a lack of investment, and limited access to credit, as well as personal factors such as poor financial management and unexpected expenses.

Bankruptcy is a complex issue that can have significant consequences for individuals, businesses, and the economy as a whole. In Pakistan, bankruptcies can occur for a number of reasons, including economic factors, personal factors, and legal issues.

Economic Factors:

One of the main reasons why bankruptcies occur in Pakistan is due to economic factors. High inflation, a lack of investment, and limited access to credit can all contribute to financial difficulties for individuals and businesses. This can make it difficult to repay loans and meet financial obligations, ultimately leading to bankruptcy.

Personal Factors:

In addition to economic factors, personal factors can also contribute to bankruptcies in Pakistan. Poor financial management, unexpected expenses, and personal emergencies can all lead to debt and financial difficulties that may ultimately result in bankruptcy.

Legal Issues:

Legal issues can also play a role in bankruptcies in Pakistan. For example, disputes with creditors or business partners can lead to litigation and legal fees that can be difficult to manage. In some cases, legal issues can result in bankruptcy proceedings.

Consequences of Bankruptcy:

The consequences of bankruptcy can be significant. For individuals, bankruptcy can result in the loss of assets and damage to credit ratings, making it difficult to obtain credit in the future. For businesses, bankruptcy can result in the loss of customers, damage to brand reputation, and even closure of the business.

If Pakistan is unable to control the situation, the consequences could be severe. Continued bankruptcies could lead to a decline in the overall economy, increased unemployment, and reduced access to credit. This could make it difficult for individuals and businesses to recover and could have long-term consequences for the country as a whole.

What Citizens Can Do:

To avoid bankruptcy, citizens in Pakistan can take steps to improve their financial management skills. This could include seeking advice from financial experts, creating a budget and savings plan, and reducing unnecessary expenses. Citizens can also take steps to protect their assets, such as purchasing insurance and creating a will.

What Government Can Do:

The government of Pakistan can play a significant role in controlling bankruptcies. This could include implementing policies that promote economic growth and investment, creating a supportive legal framework for creditors and debtors, and providing financial assistance and support to individuals and businesses in need. The government can also invest in education and training programs that help citizens develop the skills and knowledge they need to manage their finances effectively.

In conclusion, bankruptcies can have serious consequences for individuals, businesses, and the economy as a whole. In Pakistan, bankruptcies can occur for a number of reasons, including economic factors, personal factors, and legal issues. To control bankruptcies, citizens can improve their financial management skills and protect their assets, while the government can implement policies that promote economic growth and provide support to those in need. By working together, it may be possible to reduce the incidence of bankruptcies and create a more prosperous future for Pakistan.

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