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Economy

Women must have education: US Envoy Paul Jones

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US ENVOY TO PAKISTAN

ISLAMABAD: Over the last seven years, the number of Pakistani men who think women should have equal rights increased by 15 percent.

This was one of the many findings revealed by a recent survey assessing attitudes on gender parity.  The survey also noted that 76 percent of Pakistani men and 90 percent of women now think that women should be allowed to work – up 11 percent since 2011.  It also highlighted gaps between attitudes and practice, with barriers remaining that inhibit women’s access to economic and political opportunities.

Overall, Pakistan has made significant progress toward gender equity. These survey results were the topic of a panel discussion today at the Evolving Attitudes on Gender Equity in Pakistan seminar, hosted by the United States Agency for International Development (USAID).  More than 70 representatives from civil society, government, and the international community attended the event.  Panelists explored survey findings in greater detail and provided recommendations for continued progress.

Speaking on behalf of U.S. Mission Pakistan, Ambassador Paul Jones, Chargé d’Affaires a.i., emphasized that “For societies to thrive, women and girls must have educational and employment opportunities, quality health care, and access to technology.  Gender equity and women’s empowerment are not just part of development – they are at the center of every country’s development goals.”

 

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Economy

Nahakki Tunnel opened for traffic

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TUNNEL

ISLAMABAD: The 745-meter-long Nahakki Tunnel has been completed in Mohmand Agency.
The tunnel has been opened for all kinds of traffic as well. Locals talking to a private news channel said after the construction of the tunnel, traveling of five hours has been reduced to merely 2.5 hours.
People said they were happy with this infrastructure as it would facilitate them in traveling and save time.

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Asia

Turkey hits out at Moody’s after credit rating cut

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Moodys

ANKARA: Turkey on Saturday lambasted Moody’s ratings agency after it cut Ankara’s credit rating further into junk territory, saying the downgrade raised concerns over the institution’s “objectivity and impartiality”.
The agency downgraded the long-term debt rating to B1 from Ba3 and said it maintained the negative outlook for Turkey, in a statement late Friday.
Although the country had a “large, diverse economy” and government debt was low, Moody’s said this was outweighed increasingly by “continued erosion in institutional strength and policy effectiveness on investor confidence”.
But the Turkish treasury and finance ministry said the move was “incompatible with the Turkish economy’s fundamental indicators”.
“As a result, this raises questions over the objectivity and impartiality of the body’s analyses,” the ministry added in a statement.
It pointed to rising tourism revenues, falling inflation, and a new judicial reform package as examples of “very positive developments that we sadly see are being ignored”.
The Turkish economy entered into recession for the first time in a decade last year following a currency crisis in the summer amid tensions with the United States.

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Economy

Russia warns against ‘hasty conclusions’ over tanker attacks

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Russia Iran

MOSCOW: Russia warned Friday against jumping to conclusions over the attacks on two oil tankers in the Gulf of Oman after US President Donald Trump blamed them on Iran.
“We consider it necessary to refrain from hasty conclusions,” the Russian foreign ministry said, calling for a thorough international investigation.

A relevant piece published earlier: 

Trump blames Iran in tanker blasts

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