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Can Bretton Woods System save the economy of the world Amid Convid-19?

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Due to the Corona pandemic, the global economy is in a lurch. There is an imminent threat of recession of the economy across the world. The production of China has shrunk by almost 14 percent amid coronavirus. The domestic resources of countries are insufficient to divert the risk due to a depressing economy. The imports and exports have declined which indicates that in the coming time, global trade and businesses will be hand to mouth.

According to the reports of IMF and WB, there will be a negative trend on the World’s GDP. Every country is in distress due to the COVID-19 outbreak. It is also a grim situation to the whole international society but it is more severe and pathetic to the undeveloped and developing countries. These countries may not stay longer to tackle economic problems. There may be a famine situation, especially in African countries, where the hunger rate is too high and lack of health facilities. These countries are also facing a balance of payment issues, as, every country has borrowed loans from international organizations, that they are not able to pay back due to their fragile economies. Therefore many African heads of states have appealed to waive off their debt and requested extra interest-free loans to combat the outbreak.

Due to the request of G-20 countries, IMF and WB have approved a relief package to 76 countries, so that they could fight against corona. The WB and IMF again played an important role to support and stabilize the sustaining economy of the countries. The World Bank is ready to meet the challenge against coronavirus by providing financial assistance to the countries, already fighting with the pandemic. It has approved special emergency pandemic funds to root out the economical problems of the developing world. For example, the IMF approved a $1.4 billion loan to Pakistan, while the World Bank provided $200 million to fight COVID-19. It has also been reported that the IMF has revised the projection of FBR’s tax collection of Rs 4.8 trillion to Rs 3.9 trillion for the current fiscal year, reflecting a reduction of Rs 0.89 trillion.

It is also a possibility, that, after the coronavirus, it would help the weak countries to revive their economies and restructure their infrastructure. IMF also supports the countries when their economies plummeted, especially, when there is an endanger of bankruptcy and fiscal deficit. Normally, IMF loans come with some structural adjustments, such as, privatizing state enterprises, legalizing foreign trades, cut-off in the public spending budget, and impose an extra burden of taxes on the public. But in this alarming situation, it has suspended all its stern conditions and provided an extra loan to every country with additional privileges.

It is a good initiative of the IMF program to meet the challenges of the economic crisis. Can we conclude that Bretton Woods System is heading towards success in combating the Covid-19 crisis? It’s up to our readers.

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Will Pakistan Recognize and Accept Israel?

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The Muslim world is at a new turning point in history. The distance between Arabia and Israel seems to be closing. Israeli Prime Minister Netanyahu and Saudi Crown Prince have met. The US Secretary of State was also present at the meeting in Saudi Arabia. The world media is shouting at this meeting. If this news is true then it is a great development in world politics. The UAE, Bahrain, and Sudan have already joined Israel. What color will this friendship with Israel bring to the Arabs? Why are the Arab countries so anxious to embrace yesterday’s enemy? Will Pak-Israel anger last forever?

ALSO READ: Two Factors that are Blocking the Way of Resolving Palestine Issue

While the new global political development is a source of joy for the minority, it is also a source of unhappiness for the majority. Questions about recent developments also need to be answered. Experts say the meeting took place and that Israeli Prime Minister Netanyahu arrived in a private jet with the Mossad chief. He met secretly with the Saudi Crown Prince. The problem is that the results of the recent US election have upset many countries, including Saudi Arabia. After Biden’s victory, Saudi Arabia fears what the new US president will do. Saudi Arabia wants the support of the Israeli lobby in the United States. Saudi Arabia has extended a hand of friendship to both Turkey and Israel. Saudi Arabia does not want its relations with the United States to rupture. Will Saudi Arabia’s efforts work?

The first is that US foreign policy has implications. Four Muslim countries were destroyed by US foreign policy. Libya was devastated by Obama and Hillary. Had it not been for Russia and Hezbollah behind Assad in Syria, it would have been like Libya. The situation in Iraq and Afghanistan is also in front of everyone. The situation in Afghanistan and Iraq hurt the United States. Trump has not started new wars. Biden is under the influence of former US President Barack Obama. They are “dense” like them. Such people are dangerous. This threat is making the world restless.

ALSO READ: What is Pakistan’s Stance Regarding Recognizing Israel state?

Iran has also linked Biden’s victory to goodwill. Iran hopes sanctions will be eased. Trade routes to Europe will open for Iran. Pakistan will also benefit from easing sanctions on Iran. Pakistan’s goods will go to Iran and Iran’s goods will come to Pakistan. Saudi Arabia wants to curb Iran’s influence in the region. If anyone can look Israel in the eye, it is Iran and Turkey. Saudi Arabia will not be made of Iran. It is said that the enemy of the enemy is the friend, Saudi Arabia is also going to sacrifice its long-standing policy under the same policy.

The question is, when Pakistan’s friends are raising the bar of love and friendship with Israel, will Pakistan lag behind in this race? Will Pak-Israel anger last forever? Prime Minister Imran Khan’s position on Palestine is the position of the nation, in which he said that our policy on relations with Israel is the same as that of the founder of Pakistan. The founders of Pakistan have always rejected relations with Israel. He used to say, “This is a dagger inserted in the heart of the Ummah. This is an illegitimate state which Pakistan will never recognize.”

ALSO READ: CPEC & Chabahar Paving the Way for China’s Supremacy in the Region

Our position cannot be linked to the position of the Arab League or the OIC. Our position is based on the position of the founder of Pakistan, Quaid-e-Azam. If Pakistan backs away from the Palestinian policy, it will deviate from the Kashmir policy. Pakistan is a non-Arab country that has taken part in two wars against Israel. Pakistan’s policy is clear and cannot be changed. But our Prime Minister is second to none in changing his stance on every issue. As soon as the news of the Saudi Crown Prince’s meeting with the Israeli Prime Minister came, a certain group in Pakistan was deployed to form a consensus to recognize Israel.

A lobby of specialized intellectuals and journalists has begun work on the “Acceptable” mission. The government has started throwing leaves through social media. The past shows that our Prime Minister jumps to great heights, in this case too. If that happened then his followers would accept it as a blessing.

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Russia Released the video of the “TSAR BOMBA” (King of Bombs) Explosion

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Russia has released a video of the world’s most powerful explosion, which was carried out experimentally in October 1961 during the Soviet era. It was actually a hydrogen bomb with an explosive power of 3,300 times that of the atomic bomb dropped on Hiroshima.

The bomb, dubbed the “Tsar Bomba” (King of Bombs), was dropped on an island near the North Pole and detonated in the air at an altitude of 4 km above the ground.

With an explosive power of 50 megatons (50 million tons) of TNT, this hydrogen bomb is considered to be the most powerful bomb in human history, designed by the famous Soviet scientist Andrei Sakharov. This is the same Andrei Sakharov who was awarded the Nobel Peace Prize in 1975 after defecting from the Soviet Union.

ALSO READ: Explosion in Iran’s Nuclear Facility Opens up Another Round of Conspiracies

The 40-minute video was uploaded to YouTube by the Russian Atomic Energy Agency a few days ago, in which the countdown to the bombing begins at 22 minutes and 22 seconds:

The blast was so intense and large that it could be seen from a distance of a thousand kilometers, while its heat was felt at a distance of 250 kilometers.

The cloud formed by the explosion of this hydrogen bomb was so high that it reached an altitude of about 700 km, that is, the point where the Earth’s atmosphere ends and space begins.

ALSO READ: Is the World Moving Towards another Cold war or Soft War? (US-China End-Game)

We don’t know if there is an even more powerful hydrogen bomb in the world, but we do know that it was the most powerful experimental explosion in human history.

It should be noted that the original and technical name of the hydrogen bomb is “thermonuclear bomb”, the explosion of which emits tremendous energy in the form of light, heat, and shock waves but the emission of radioactive rays is much lower than that of a normal atomic bomb.

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Father Sold his Daughter To Buy A Smartphone and Motorcycle

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We often fall in with stories on social media and news channels highlighting the brutal face of the mentally sick people of the society.

Although, the crime rate has been declined amidst the coronavirus pandemic but a few people are out there to show their bestiality to the world by committing heinous conduct.

According to the National Crime Records Bureau (NCRB), an average of 80 murders, 289 abductions, and 91 rapes were reported across the country in 2018 in India on a daily basis.

A new heart-wrenching incident took place in the Chikkaballhar district of India. An inexorable father sold his daughter, who was only three years old, to buy a smartphone and motorcycle.

He sold his daughter to a childless couple for INR 100,000. And he bought a smartphone for INR 15,000 and a motorcycle for INR 50,000 with the money he got.

The parents had tried to sell the baby to a family in Bengaluru when she was born, but their plan failed as the hospital authority meddled. After this, another person got the wind of the situation and made a deal with them on the behest of a childless couple in another village.

After the man used all the money, his neighbor grew skeptical, and they found out that his daughter had not been at home. They informed the police who inquired some villagers including the mother of the baby. The child welfare committee found the girl and a case has been filed against the couple.

The father took to his heel but the mother was incarcerated. The authority interrogated her and she brought to the light that her husband had intimidated her that’s why she allowed selling her daughter.

What could be the rhyme and reason that goaded the parents to sell their own blood? Either they are mentally sick or the financial problems made them sell their three years old baby.

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