Blog

  • The real-life violence that inspired South Korea’s Squid Game

    The real-life violence that inspired South Korea’s Squid Game

    A factory turned into a battlefield, riot police armed with tasers and an activist who spent 100 days atop a chimney — the unrest that inspired Netflix’s most successful show ever has all the hallmarks of a TV drama.

    This month sees the release of the second season of Squid Game, a dystopian vision of South Korea where desperate people compete in deadly versions of traditional children’s games for a massive cash prize.

    But while the show itself is a work of fiction, Hwang Dong-hyuk, its director and writer, has said the experiences of the main character Gi-hun, a laid-off worker, were inspired by the violent Ssangyong strikes in 2009.

    “I wanted to show that any ordinary middle-class person in the world we live in today can fall to the bottom of the economic ladder overnight,” he has said.

    In May 2009, Ssangyong, a struggling car giant taken over by a consortium of banks and private investors, announced it was laying off more than 2,600 people, or nearly 40 per cent of its workforce.

    That was the beginning of an occupation of the factory and a 77-day strike that ended in clashes between strikers armed with slingshots and steel pipes and riot police wielding rubber bullets and tasers.

    Many union members were severely beaten and some were jailed.

    Many lost their lives

    The conflict did not end there.

    Five years later, union leader Lee Chang-kun held a sit-in for 100 days on top of one of the factory’s chimneys to protest a sentence in favour of Ssangyong against the strikers.

    He was supplied with food from a basket attached to a rope by supporters and endured hallucinations of a tent rope transformed into a writhing snake.

    Some who experienced the unrest struggled to discuss Squid Game because of the trauma they endured, Lee told AFP.

    The repercussions of the strike, compounded by protracted legal battles, caused significant financial and mental strain for workers and their families, resulting in around 30 deaths by suicide and stress-related issues, Lee said.

    “Many have lost their lives. People had to suffer for too long,” he said. He vividly remembers the police helicopters circling overhead, creating intense winds that ripped away workers’ raincoats.

    Lee said he felt he could not give up.

    “We were seen as incompetent breadwinners and outdated labour activists who had lost their minds,” he said.

    “Police kept beating us even after we fell unconscious — this happened at our workplace, and it was broadcast for so many to see.”

    Lee said he had been moved by scenes in the first season of Squid Game where Gi-hun struggles not to betray his fellow competitors.

    But he wished the show had spurred real-life change for workers in a country marked by economic inequality, tense industrial relations and deeply polarised politics.

    “Despite being widely discussed and consumed, it is disappointing that we have not channelled these conversations into more beneficial outcomes,” he said.

    Shadow of state violence

    The success of Squid Game in 2021 left him feeling “empty and frustrated”.

    “At the time, it felt like the story of the Ssangyong workers had been reduced to a commodity in the series,” Lee told AFP.

    Squid Game, the streaming platform’s most-watched series of all time, is seen as embodying the country’s rise to a global cultural powerhouse, part of the “Korean wave” alongside the Oscar-winning Parasite and K-pop stars such as BTS.

    But its second season comes as the Asian democracy finds itself embroiled in some of its worst political turmoil in decades, triggered by conservative President Yoon Suk Yeol’s failed bid to impose martial law this month.

    Yoon has since been impeached and suspended from duties pending a ruling by the Constitutional Court.

    That declaration of martial law risked sending the Korean wave “into the abyss”, around 3,000 people in the film industry, including Parasite director Bong Joon-ho, said in a letter following Yoon’s shocking decision.

    Vladimir Tikhonov, a Korean studies professor at the University of Oslo, told AFP that some of South Korea’s most successful cultural products highlight state and capitalist violence.

    “It is a noteworthy and interesting phenomenon — we still live in the shadow of state violence, and this state violence is a recurrent theme in highly successful cultural products.”

  • ‘This is cruelty’; Pope Francis slams Israel

    ‘This is cruelty’; Pope Francis slams Israel

    Pope Francis has called out Israel for bombing children on Christmas day, saying, “This is cruelty. This is not war.”

    The head of the Catholic Church took time out from his Christmas address to call for “arms to be silenced” around the world in his Christmas address, appealing for peace in the Middle East, Ukraine and Sudan as he denounced the “extremely grave” humanitarian situation in Gaza.


    He used his traditional “Urbi et Orbi” (“to the city and the world”) message to the world’s 1.4 billion Catholics to call for talks for just peace in Ukraine as the country was pummelled by 170 Russian missiles and drones on Christmas morning.


    “May the sound of arms be silenced in war-torn Ukraine,” the 88-year-old pontiff said, his voice strained and breathless. “May there be the boldness needed to open the door to negotiation and to gestures of dialogue and encounter in order to achieve a just and lasting peace.”


    In front of thousands of the faithful gathered in St. Peter’s Basilica in Rome, the Pope also appealed for a ceasefire in Gaza and for the freeing of the hostages.


    “I think of the Christian communities in Israel and Palestine, particularly in Gaza, where the humanitarian situation is extremely grave. May there be a ceasefire, may the hostages be released and aid be given to the people worn out by hunger and by war,” he stressed.


    Francis extended his call for a silencing of arms to the whole Middle East and to Sudan, which has been ravaged by 20 months of brutal civil war where millions are under the threat of famine.


    “May the Son of the Most High sustain the efforts of the international community to facilitate access to humanitarian aid for the civilian population of Sudan and to initiate new negotiations for a ceasefire,” he said.


    Christians across the world celebrated Christmas on Wednesday, with the mood darkened by wars. 


    With the genocide in Gaza also showing no signs of ending, Pope Francis was expected to call for peace in the Middle East during his traditional “Urbi et Orbi”  speech at midday in Rome, which he did eventually, as he recounted in his address, “Yesterday they didn’t let the Patriarch [of Jerusalem, Cardinal Pizzaballa] enter Gaza as they had promised & yesterday children were bombed. This is cruelty. This is not war.”

  • Former Indian cricketer’s father convicted in embezzlement case for seven years

    Former Indian cricketer’s father convicted in embezzlement case for seven years

    Former Indian cricketer Naman Ojha’s father has been convicted in an embezzlement case before being given a seven-year prison sentence. 

    Indian media reported that Ojha’s father was among the four people who were convicted for embezzling 1.25 crore Indian rupees, 11 years ago at a Bank of Maharashtra branch in the Betul district of Madhya Pradesh.

    Reports have said that the police had registered a case against six people. The Multi Additional Sessions Court pronounced the verdict in the case on Tuesday (December 24).

    According to the report, Vinay Ojha was a branch manager in the bank 11 years ago. He has now been fined INR 700,000 in addition to the imprisonment.

    Mastermind Abhishek Ratnam was sentenced to 10 years in prison and handed out a fine of 10 lakh rupees. Two other brokers were also sentenced to seven years in prison and a fined seven lakh rupees.

    Wicketkeeper-batsman Naman Ojha, who hails from Madhya Pradesh, has played four matches for India.

    He made his ODI debut in June 2010 against Sri Lanka in Harare alongside the recently retired Ravichandran Ashwin.

    Naman has also played two T20 Internationals for India while also playing a Test under Virat Kohli’s leadership against Sri Lanka in Colombo in 2015.

  • Lil Baby Biography, Early Life, Career, Net Worth

    Lil Baby Biography, Early Life, Career, Net Worth

    Dominique Armani Jones was born on December 3rd, 1994. He is commonly referred to as Lil Baby is an American singer and rapper from Atlanta Georgia. He came into the mainstream limelight in 2017 as a result of his mix tape work titled “Perfect Timing” due to his recent rise from obscurity. He has been known as one of the most popular artists within the trap genre up to date. His music has become the reason to increase lil baby net worth.

    Lil Baby has been nominated for three Grammy Awards, two American Music Awards, two MTV Video Music Awards, and seven BET Awards throughout his music profession. The light was also favored as the foremost all-genre ‘Artist of the Year’ at the Apple Music Awards 2020.

    Early Life

    When Dominique Jones was just two years in this world, his father left and left the family. Thus he was being brought up by a single mother alongside two sisters. Although Jones was not failing in school he would always be miscreant and got expelled from Booker T. Washington High School in the ninth grade.

    Early this year he was arrested and arraigned with charges that included possession with intent to sell among others. His initial attorney advised him to accept a two-year plea bargain, which Jones declined and got a different attorney. This new lawyer got Jones into a special program in which he would be held for only a year. 

    On this program, he served, he fought with a white prisoner due to racially sensitive remarks. After Jones’ sentencing was substituted with the original 2-year deal that had been signed earlier. In 2013 he was charged with possession of marijuana over an ounce but less than 2. This year alone in 2014 he was arrested and charged with among others having marijuana to sell. He started rapping in 2018 after he was imprisoned for two years and he was affiliated with 4PF (4 Pockets Full), Quality control music.

    Family Life

    He is from Atlanta, Georgia and that is his real name is Dominique Jones. He used to date Jayda Cheaves. They also have a son born in February 2019 and the little one has a unique name, Loyal Armani. He has a son with Ayesha Howard named Jason Armani whom he had before getting married to his wife. Alexa. He has a sister named Myra.

    2015–2018: Career beginnings and Harder Than Ever

    In November 2016, only a few months after he was released from prison, Jones came out with his mixtape called Perfect Timing featuring Young Thug, Lil Yachty, and more. He then came out with his second mixtape known as Harder Than Hard released on 18th July 2017. This increased lil baby net worth.

    At the end of October in 2017, Jones released a mixtape called 2 The Hard Way with his friend from Atlanta by the rapper’s name Marlo. As compared to the two aforementioned tapes, this mixtape received not such a massive response, though it brought some attention. At last, Jones was able to penetrate the mainstream through his December 2017 mixtape Too Hard or the Freestyle music video released on 5th November to introduce his new mixtape only. The video has garnered 386 million views on YouTube as of March 23, year 2021.

    That way, Jones was able to get much attention towards the mixtape with the help of the success of the single to be released. The mixtape was ultimately released with the song, “All of a Sudden”, which included US rapper and friend Moneybagg Yo. Many of the aspects of lil baby net worth and current career was defined by this particular mixtape. The album titled, Harder Than Ever released in May 2018 was his first studio album that ranked third in the US Billboard 200 list. 

    2018–2019: Drip Harder and Street Gossip

    Following the release of the album Harder Than Ever, Lil Baby was then to work on the collaborative mixtape Drip Harder with fellow 4 Pockets Records signee and friend Gunna released on October 5, 2018. 

    The first released song, “Drip Too Hard” further received RIAA: 9x Platinum certification, and MC Platinum with the track peaking at No. 4 on the Billboard Hot 100. This has been nominated for Best Rap Performance at the 62nd Annual Grammy Awards. The mixtape was provided under Quality Control, and YSL Records.

    Baby made a cameo on the sitcom FishCenter Live which was aired on television on 21 September 2018. He came through with a project in November 2018, a mixtape titled Street Gossip. Yung Gravy is another talented artist who Baby G. Ray collaborated with in December 2018 in the release of the track titled, Alley Oop. This added more zero in lil baby net worth. 

    The single “Woah” was also released on November 8 th, 2019 as the first track off his second studio album: My Turn. The song reached number 15 on the Billboard Hot 100 list. It was released on August 2, 2019. 

    Lil Baby Net worth

    Lil Baby still is perhaps one of the most beloved artists in the new generation of hip-hop, and for a good reason. After becoming a professional since 2017 with mixtapes Harder than Hard and Too Hard, Baby has gone above expectations and lil baby net worth is approximately $8 million, as estimated by Celebrity Net Worth.

    The song My Dawg, was created from the Harder than Hard album and this deservedly was Baby’s first top number 71 with Billboard Hot 100. Before he started taking music seriously he was signed by Quality Control Records Kevin “Coach K” Lee to leave that life, ACL and take music as a way forward. 

    He released his first studio album with the label and Harder Than Ever was released in the year 2018. The Atlanta star claimed in 2020 that he was paid $5 million as an initial signing bonus for his record company but he later walked back his words. However, Lil Baby’s net worth is testament to the years he has invested in rap and the other opportunities that it has created for him.

    Lil Baby Has Even Sold Millions Of Records

    Harder Than Ever was a game changer for Baby. He went on to move over one million copies in part due to a breakout smash hit titled Yes Indeed , also featuring Drake. 

    Besides, the aforementioned single has been selling Worldwide. It is now seven times platinum; that song still can be recognized as one of the most significant in his list of hits. But in the year 2018 he released a collaborative project with Gunna, a mixtape called Drip Harder. 

    Their popular hit, Drip Too Hard reached diamond status with over ten million units sold. The mixtape itself reached fourth position at the Billboard 200 and has shifted over one million copies into the market. His third release of the year was a solo mixtape called Street Gossip and it fared worse than his previous work. Although it again failed to enter the Hot 200 chart, it managed to be certified gold by the RIAA.

    Read Also: Ryan Reynolds Net Worth

     

    He is a Restaurateur 

    More movement on Lil Baby net worth occurred in July 2023 when the artist decided to open up a restaurant. The Seafood Menu Restaurant and Lounge was developed with Baby and a the Boiler Seafood Atlanta restaurant in Atlanta by Chad Dillion. Prince, Aretha Franklin , and other music legends were some of what the interior showcased. This business played a key role in increasing the lil baby net worth.

    What song made Lil Baby known?

    He came to fame upon debut studio album Harder Than Ever and his song ‘Yes Indeed’ featuring Drake peaked at 10 on Billboard Hot 100 in 2018. Of course, most fans have been accustomed to listening to him by his stage name, Lil Baby, though he was born is Atlanta, Georgia.

    What is Lil Baby studying at Harvard?

    Lil Baby may not have completed his degree at the school and dropped out. He took a business program and received a Harvard certificate in his name. A video posted on X on Wednesday demonstrates the rapper’s participation in and the graduation from the school’s “Launching New Ventures” program back in February.

    What did Lil Baby do as a kid?

    Atlanta-based rapper, Lil Baby was once making a living operating as a team with friends like Pee, committing petty crimes, and engaging in unlawful activities for some of his friends are now music moguls. Coming to his life story, Lil Baby was 19 years of age when he went to prison in 2015 for violating probation.

  • Social media bashes Virat Kohli for sledging teenaged player

    Social media bashes Virat Kohli for sledging teenaged player

    Indian batting maestro Virat Kohli has become social media’s target for getting into a fight on Thursday with 19-year-old Australian opener Sam Konstas, who was making his Test debut during the 4th Test of Border Gavaskar Trophy.

    Australia won the toss and elected to bat first, with Sam Konstas playing brilliant shots against ace Indian bowler Jasprit Bumrah.

    A video shot during a break in the over shows Virat intentionally crashing into  Sam’s shoulder on the side of the pitch. Kohli then turned around and started challenging the young batter.

    First, Usman Khawaja tried to end the matter with a smile and placing a hand on Kohli’s shoulder. Match officials intervened and cooled the matter down. 

    Despite Kohli’s attempt at bullying the young debutant, Sam played confidently and scored a half-century off 52 balls.

    Later, Sam Constas scored 60 runs off 65 balls before being bowled out lbw off Ravindra Jadeja.

    Virat’s behaviour was largely met with disapproval, leading to severe criticism on social media. 

    Here is how social media is reacting to the altercation: 

    1735192697-PU2TC6HSUV.jpg

    1735192703-A61Q44HYTK.jpg

    1735192708-UIX7LZUEBW.jpg

    1735192713-SW9QQ2H5RR.jpg

    1735192719-PUEE1JUHS6.jpg

    1735192725-4VWZR6TWDX.jpg

    1735192729-2QGV5OSXHB.jpg

    1735192734-WUAI76KJ0I.jpg

    Today is the first day of the fourth Boxing Day Test of the Border Gavaskar Trophy between Australia and India at the MCG.

  • Ryan Reynolds Net Worth

    Ryan Reynolds Net Worth

    Introduction

    Which person would not appreciate a good Deadpool joke or a drink of Aviation Gin? Under these enshrinements, there is a witty entrepreneur and a romantic movie star, Ryan Reynolds. From a TV star in Canada to a world-famous pop singer and businessman, Ryan Reynolds has not only had great artistry moves, but good moves for business.

    Filmography of Reynolds has been a typical seesaw Ride, including box office success and critical success acclaim. Beginning his career with television acting, he gained worldwide acclaim with films “Deadpool” and the more recently released “Free Guy.” However, the list of talents does not end with the acting domain.

    As an entrepreneur, the actor is the co-owner of brands such as Aviation Gin and Mint Mobile. In addition to Album sales and world tours, these businesses, intelligent investments, and endorsement deals have boosted his entire worth. 

    A Rising Star

    Ryan Reynolds first job was on Canadian television. He became famous with the series as “Hillside”, “Two Guys, A Girl and a Pizza Place”. All these early roles played him a great strength on which he would base his future achievements.

    Hollywood Stardom

    Reynolds’ breakthrough came with his role in the superhero film “X-Men Origins: Wolverine.” Although, it was Deadpool that set him to international superstardom as the merc with a mouth. The “Deadpool” series has been a cash cow – the R-rated comedies grossing billions of dollars at the box office.

    Other flicks such as Free Guy, and Detective Pikachu have gone ahead and placed him in the list of A-List stars. These blockbuster movies have surely contributed to his fortune.

    A Lucrative Career

    In addition, to his per movie basic remuneration, Reynolds has the privilege of taking a share of the box-office report, merchandising, and advertising. The uniqueness of targeting and his capacity for charging high fees and setting remunerative terms have also been very important financially.

    A Business Mogul

    Ryan Reynolds was able to immensely grow his wealth through business.

     

    1734954909-2618NI4LNX.jpg

    Aviation Gin: A Spirited Investment

    In December, Reynolds bought Aviation Gin, a premium American craft gin for $300 million. By the use of marketing strategies, endorsements by prominent personalities, and by use of comical images on social media platforms, he managed to popularize the brand. 

    Later in 2020, Diageo, a global beverage company, bought Aviation Gin for a significant amount of money adding to Reynolds’s fortune.

    Mint Mobile: A New Angle when it comes to Mobile Plans

    Reynolds is also a co-owner of Mint Mobile, a company that provides phone services at a relatively low rate. The company has secured a considerable customer base with the simplicity of its offering, the no-contract unlimited data plans and witty advertising. In 2023, T-Mobile bought Mint Mobile and that proved to be valuable to Reynolds and his companions.

    Wrexham AFC: A Footballing Dream

    In 2020, Reynolds and Hollywood actor Rob McElhenney bought Wrexham AFC, a Welsh football team. It has made the club gain more international visibility and popularity, drawing more supporters, sponsors and another market for investment. Hence, the need for the formation of such a club-ing as the club stands the chance of being both financially and emotionally rewarding.

    Other Ventures and Endorsements

    Reynolds has also entrepreneurial stakes and has many sponsorship and endorsement agreements with such firms as Armani, Hyundai, and others. Such businesses also increased Ryan Reynolds net worth and established him as a strong M.P. These ventures made him a successful businessman.

    Ryan Reynolds Net Worth Breakdown

    Having a successful acting career, Reynolds also demonstrated that he has a great entrepreneurial mindset and now, Ryan Reynolds can be mentioned as one of the most powerful and wealthy movie stars in Hollywood.

    The Quick Time Fact is about Ryan Reynolds who has established himself as a charming and humorous actor and also owns a fortune. His net worth is estimated to be around $300 million, through his acting career and other ventures he undertook, other earnings through endorsements.

    Read Also:  Stacey Weitzman Biography: All About Henry Winkler’s Wife

    Acting Career

    Salary has also been generated from the acting careers that Reynolds has been involved in. The Deadpool actor shot to global fame and although the movie series itself has since performed well commercially, it has added exponentially to Ryan Reynolds net worth. Other movies like, “Free Guy” and “Detective Pikachu” among others have further entrenched him as the go-to man in Hollywood. 

    Apart from his basic pay, Reynolds annually seeks to strike a backend deal which would see him get a percentage of the revenue of the movies.

    Business Ventures

    For Reynolds, it is not only important to be an exceptional actor but also a great businessman. His business portfolios have contributed immensely to his worth.

    ✅ Aviation Gin: Drinking with Reynolds Ky. showed that the purchase and resale of Aviation Gin to Diageo made good profits for Reynolds.

    ✅ Mint Mobile: Also, he has cashed on the wireless carrier Mint Mobile where he is an active investor.

    ✅ Wrexham AFC: As a Welsh football club, which is rapidly gaining popularity, the acquisition of Wrexham AFC has the possibility of future revenues.

    Ryan Reynolds Lifestyle

    Apart from his net worth, Ryan Reynolds is among the world’s Richest celebrities who enjoy the rich lifestyle. He has other posh assets including his houses in New York City and Vancouver. This man owns a few fancy and addictive automobiles.

    But Reynolds is not only about money and comfort. He also serves the community through charity activities. Although details of the donations he has made to different organizations have not seen the light, his participation in a number of causes indicates that he is a philanthropist.

    Conclusion

    Ryan Reynolds has transformed himself into a versatile person who has been a great actor, an entrepreneur and a philanthropist. He transitioned from a television personality in Canada to world fame due to talent, passion, and business-wise actions. 

    Thus, Reynolds will continue to stay at the top of his chosen career paths and remain one of the most influential, or even the most influential, businessmen in Hollywood.

  • Pakistan squad for first Test against South Africa revealed

    Pakistan squad for first Test against South Africa revealed

    The Pakistan Cricket Board (PCB) has announced playing XI for the first Test against South Africa.

    As per the details, Pakistan will field four fast bowlers, including Mohammad Abbas, who last played a Test for Pakistan in August 2021 against West Indies.

    Abbas made it to the Test squad due to his excellent domestic performance, claiming 31 wickets in five matches of the Quaid-e-Azam Trophy this year.

    The playing eleven also includes captain Shan Masood, Saim Ayub, Babar Azam, Kamran Ghulam, Mohammad Rizwan, Saud Shakeel, Salman Ali Agha, Aamir Jamal, Naseem Shah, Khurram Shahzad and Mohammad Abbas.

    The two-Test series is due to start tomorrow (Thursday, Dec 26). The Boxing Day Test will be played at the Super Sports Park in Centurion.

    The second Test will begin in Cape Town on Jan 3.

    While Pakistan won their last Test series against England 2-1 in Oct this year, changes have been made to the winning batting lineup for the upcoming series.

    Earlier in the day, it was reported that Pakistan has planned to field seven batters in the first Test against South Africa.

    Captain Shan Masood will open the innings along with in-form Saim Ayub.

    Former Test captain Babar Azam, who was dropped from the second and third Tests against England in October this year, is once again being included to the team in place of out-of-form Abdullah Shafique.

    In the first Test against South Africa, Babar will play at number 3, Kamran Ghulam at number 4 and vice-captain Saud Shakeel at number 5.

    ODI and T20 skipper, wicketkeeper Muhammad Rizwan, will bat at number 6.

    In addition, all-rounder Salman Ali Agha will come to bat at number 7.

  • PIA takes off again: European routes and new planes

    PIA takes off again: European routes and new planes

    Pakistan International Airlines (PIA) is planning to improve its fleet by adding eight aircraft in the coming year as per the Chief Executive Officer (CEO) of the national carrier. The upgrade plans have been formulated as PIA managed to regain lucrative routes to Europe after losing them after flight 8303 crashed in Karachi.

    PIA’s CEO Khurram Mushtaq reported that the Boeing 777 aircraft was going to be used to fly the longer routes.

    He disclosed in a briefing that PIA’s first flight would be to Paris on January 10. According to Mr. Mushtaq, PIA will be operating two flights a week to Paris where Air France will facilitate any passengers that are travelling to European countries other than France.

    As per Dawn news, aside from shedding light on the procedure of reopening routes to Europe, Mr. Mushtaq also addressed complaints about the food served on PIA flights. He said that food quality has improved to satisfy customers.

    Mr. Mushtaq also announced that daily flights from Karachi to Sukkur will be operational despite the lack of passengers on domestic flights due to the vast and impressive motorway network in Pakistan.

    Prior to the opening of the European routes, the runways of both Quetta and Lahore airport underwent upgrades. As per the DG of Pakistan Airports Authority (PAA), this included solving the longstanding issues of parking and transportation that had plagued Quetta airport.

    The senate committee, which had received both the CEO of PIA and the DG of PAA, was also briefed on initiatives that were being taken to develop airports further.

    The members of the senate however, were not pleased with the progress of the ongoing projects and initiatives. This resulted in the creation of a sub-committee to monitor and evaluate the progress of airport development initiatives.

    Following the briefing, a press release reiterated the Senate’s commitment to tackling any hurdles in the development of airports with complete accountability and transparency.

    The measures being taken by the Senate, PIA and CAA are an attempt to revitalize PIA after years of mismanagement has left the airline relying on government funds to stay afloat. 

    Attempts have been made to privatize PIA in the recent past but these efforts did not yield positive results as no notable bids were made to purchase the national carrier.

    However, with European routes open and new planes entering the fleet, acquiring PIA is an attractive prospect for investors. Privatization minister, Abdul Aleem Khan has been making efforts to fast-track matters pertaining to the sale of government owned entities. It will be interesting to see if Islamabad will be willing to keep PIA or privatize it as it starts to take off once again.

  • Farmers demand action as costs soar, profits plummet

    Farmers demand action as costs soar, profits plummet

    The Central Chairman of the Kissan Ittehad threatened to launch a march on Islamabad if the demands of farmers were not met. Farmer demands include increasing the wheat support price in addition to subsidizing input costs as they have risen recently.

    The demands are not entirely baseless, as rising electricity costs have hampered the ability of farmers to cost-effectively operate tube wells for irrigation. Farmers who have access to a flowing source of water are not faring much better either, as the rate of irrigation water has increased, making it tougher for farmers to afford to irrigate their fields.

    More concerningly, the prices of urea fertilizer, which is a major input in crop cultivation, have risen too. However, Islamabad’s hands are effectively tied due to the conditions imposed on the federal government by the International Monetary Fund (IMF).

    Under IMF conditions, Islamabad is unable to extend subsidies to these farmers to assist them when they need them. According to the chairman of Kissan Ittehad, this could leave them open to exploitation by flour mills that can purchase wheat at below-market prices.

    The implications for businesses operating in the agricultural sector will be serious if they are unable to secure governmental support in the form of minimum support prices or subsidies.

    This is because rising input costs will translate directly into a fall in the profit margins of farmers. This could result in a fall in the supply of crops such as wheat and sugarcane. While the damage ends here for farm owners and the 36.43 percent of Pakistanis who call the agricultural sector their source of income, the same cannot be said for others.

    It is to be noted that wheat, sugar, and other agricultural sector outputs are essential for businesses further along the supply chain. A lower supply means the prices for these inputs will rise, causing businesses that use wheat or sugar to lose profits. This spells bad news for businesses such as bakeries and confectionary manufacturers.

    Islamabad is expected to feel the impact of not providing subsidies as well. Experts predict that a reduction in wheat and sugarcane yields is likely to worsen the trade deficit for Pakistan as wheat imports surged to one billion dollars in FY 2023-24.

    Sugar exports brought in $330 million in 2023, and a fall in production might negatively impact export figures. The resulting widening of the trade deficit will strain the already meagre $16.62 billion in foreign reserves that the State Bank of Pakistan (SBP) possesses.

    If the farmers decide that Islamabad has left them to fend for themselves, the Kissan Ittehad might deliver on its promise to ‘initiate a sit-in in the capital’. The protests will negatively impact Pakistan’s attractiveness as a stable destination for both foreign and local investment funds.

  • 28 survivors as Azerbaijani jet crashes in Kazakhstan

    28 survivors as Azerbaijani jet crashes in Kazakhstan

    An Azerbaijan Airlines passenger jet with 67 people on board crashed on Wednesday in western Kazakhstan after veering from its scheduled route, officials said.

    Kazakh authorities said 28 people had survived the crash of the Embraer 190 near the city of Aktau, an oil and gas hub on the eastern shore of the Caspian Sea.

    The plane was flying from the Azerbaijani capital Baku on the western shore of the Caspian to the city of Grozny in Chechnya in southern Russia.

    Azerbaijani President Ilham Aliyev cut short a visit to Russia where he had been due to attend an informal summit of leaders of the Commonwealth of Independent States, a grouping of former Soviet nations, his office said in a statement.

    “A plane doing the Baku-Grozny route crashed near the city of Aktau. It belongs to Azerbaijan Airlines,” the Kazakh transport ministry said on Telegram.

    Azerbaijan Airlines, the country’s flag carrier, said the plane had 62 passengers and five crew on board.

    It said the plane “made an emergency landing” around three kilometres (1.9 miles) from Aktau.

    The Kazakh transport ministry said that of the plane’s passengers 37 were from Azerbaijan, six from Kazakhstan, three from Kyrgyzstan and 16 from Russia.

    The Kazakh emergency situations ministry said its staff put out a fire which broke out when the plane crashed.

    “According to preliminary information, 28 survivors including two children have been hospitalised,” the ministry said.

    It said 150 emergency workers were at the scene.

    The health ministry said a special flight was being sent from the Kazakh capital Astana with specialist doctors to treat the injured.

    Aliyev’s office said “The President ordered the prompt initiation of urgent measures to investigate the causes of the disaster.”

    Local health officials earlier said 14 survivors had been taken to the regional hospital, with five put in intensive care.

    Azerbaijan’s first lady Mehriban Aliyeva, who is also the country’s first Vice President, said she was “Deeply saddened by the news of the tragic loss of lives in the plane crash near Aktau.”

    “I extend my heartfelt condolences to the families and loved ones of the victims. Wishing them strength and patience! I also wish a speedy recovery to the injured,” she said on Instagram.

    “I express my condolences to the relatives of the passengers of the Azerbaijan Airlines jet who died,” Chechen leader Ramzan Kadyrov said on Telegram.

    The plane’s course on Flight Radar showed it crossing the Caspian Sea away from its normal route and then circling over the area where it eventually crashed.

    Kazakhstan said it had opened an investigation into the crash.