Israel cannot provide protection to Arab countries, says Haniyeh

Ismail Haniyeh, the leader of the Palestinian Islamist group Hamas, told fellow Arab countries on Saturday that Israel cannot provide them with any protection despite recent diplomatic rapprochements.

Hamas launched the biggest attack on Israel in years on Saturday, killing dozens of people and taking hostages in a surprise assault that combined gunmen crossing into Israel with a barrage of rockets fired from the Gaza Strip.

Israel said the Iran-backed group had declared war as its army confirmed fighting with militants in several Israeli towns and military bases near Gaza, and Prime Minister Benjamin Netanyahu vowed to retaliate.

In a televised speech, Haniyeh addressed the Arab countries that have normalized ties with Israel in recent years.

"We say to all countries, including our Arab brothers, that this entity, which cannot protect itself in the face of resistors, cannot provide you with any protection," he said.

"All the normalization agreements that you signed with that entity cannot resolve this (Palestinian) conflict."

In 2020, Israel reached normalization with the United Arab Emirates and Bahrain, and upgraded ties with Morocco and Sudan, despite talks with the Palestinians being frozen for years.

Regional powerhouse Saudi Arabia and Israel are also engaged in US-mediated talks to normalize relations, a prospect that drew condemnation from some Palestinian factions.

Haniyeh also said armed Palestinian factions intend to expand the ongoing battle in Gaza to the West Bank and Jerusalem. "The battle moved into the heart of the 'zionist entity'" he said.

 

Israel at war with Hamas

According to The Jerusalem Post, Hamas has launched the biggest attack on Israel in years on Saturday, killing more than 20 people and wounding hundreds in a surprise assault that combined gunmen crossing into Israel with a barrage of rockets fired from Gaza.

Israel accused the Iran-backed group has declared war as its army confirmed fighting with militants in several Israeli towns and military bases near Gaza and Prime Minister Benjamin Netanyahu vowed to retaliate. Our enemy will pay a price the type of which it has never known," he said. "We are in a war and we will win it."

At least 22 Israelis were killed in the attack so far, Israel's ambulance service said. Around 545 Israelis had been wounded, the health ministry said.

The Israeli military said it had responded with air strikes into Gaza, where witnesses reported hearing heavy explosions and multiple dead being carried into hospitals.

The attack marked an unprecedented infiltration into Israel by an unknown number of Hamas gunmen crossing from the Gaza Strip, and the heaviest blow for Israel in the conflict with Palestinians since the suicide bombings of the Second Intifada some two decades ago.

The militant Islamic Jihad group said it had joined the attacks and was holding several Israeli soldiers captive and Hamas social media accounts showed footage of what were said to be Israeli captives being taken alive into Gaza.

Israeli broadcaster Reshet 13 TV News said militants were holding Israelis hostage in the town of Ofakim, and that five Palestinian militants had been killed in the town of Sderot and homes had been set on fire.

Israeli media reported gun battles between bands of Palestinian fighters and security forces in towns in southern Israel. Israel's police chief said there were "21 active scenes" in southern Israel.

In Gaza, people rushed to buy supplies in anticipation of days of conflict ahead. Some evacuated their homes and headed for shelters.

Hamas military commander Mohammad Deif announced the start of the operation in a broadcast on Hamas media, calling on Palestinians everywhere to fight.

"This is the day of the greatest battle to end the last occupation on earth," he said, adding that 5,000 rockets had been launched.

Israel and Hamas fought a 10-day war in 2021.

 

 

Ten dumbest things propagandists want people to believe

There is no denying to the fact that we live under an empire that’s held together by lies. Here are the top ten dumbest things the US-led propagandists want to believe.

1. The US war machine has been surrounding its top two rivals China and Russia with war machinery as an act of defense, rather than an extremely provocative act of aggression.

2. The war in Ukraine simultaneously was completely unprovoked, and just coincidentally happens to massively advance US strategic interests and therefore should be funded as much as possible.

3. Although all the other wars were based on lies and resulted in disaster, but that couldn’t possibly be the case for this current war.

4. The foreign policy of any country is determined by the elected government, even though the foreign policy remains the same regardless of who is in office.

5. It is only by pure coincidence that any country’s population remains in a perpetual 50–50 deadlock which prevents anyone’s votes from changing the status quo, and the status quo just happens to be perpetually frozen along lines that hugely advantage the rich and powerful.

6. The only reason anyone could possibly be critical of the most dangerous impulses of the world’s most powerful and destructive government is if they are a secret agent working for the enemies of that government.

7. The western empires that spent the last two decades murdering Muslims in the Middle East suddenly care very deeply about the Muslims in China.

8. Putin invaded Ukraine solely because he is evil and hates freedom, and that the western empires are pouring weapons into Ukraine because they love Ukrainians and wants to protect their freedom and democracy.

9. The foreign propaganda and influence operations are significantly manipulating the way westerners think and vote, but the plutocrats who fully control all the most influential platforms in the western world are not.

10. Countries need to be worrying about tyrannical enemies in Beijing and Moscow, instead of tyrannical enemies a lot closer to home.

 

Pakistan Stock Exchange benchmark index gains 1,261 points to close at 47,494 level

Pakistan Stock Exchange (PSX) remained positive throughout the week ended on October 06, 2023. The benchmark index gained 1,261 points to close at 47,494 level.

In a meeting with the Senate Standing Committee on Finance, Dr. Shamshad Akhtar made a promising statement that the caretaker government will deliver on the IMF program to secure US$700 million under the SBA. 

Pakistan is also seeking foreign investments from Saudi Arabia in Reko Diq’s copper and gold mining projects while companies like OGDC, PPL, and GHPL are contemplating on selling their partial or full stakes in an attempt to boost the country’s foreign exchange reserves.

As of September 28, 2023, foreign exchange reserves held by State Bank of Pakistan (SBP) declined by US$21 million to US$7.62 billion, while country’s total foreign exchange reserves were reported at US$13.03 billion.

International oil prices of Brent and WTI were on a steady decline and closed at US$83.88/barrel and US$82.08/barrel, which was reflected in the latest revision in local petrol and HSD prices.

Trade deficit for September 2023 was reported at US$1.49 billion, down by 30%MoM when compared to US$2.1 billion in August 2023.

CPI rose to 31.4% in September 2023 when compared to 27.4% in August 2023, amidst higher fuel prices and a lower base last year.

Overall, average trading volumes was reported at 291 million shares as compared to 202 million shares a week ago.

Other major news flows during the week included: 1) Government debt hit historic high of PKR 64 trillion by August end, 2) Foreign debt ratio exceeded 38% of total public debt in FY23, 3) September 2023 cement dispatches decline by almost 4%YoY, 4) Cotton arrivals rose by 29% but Punjab faced setback, 5) Money supply shrank by 1.3% in Q1 as cash holdings drop, 6) A 50bps hike in policy rate added PKR300 billion to domestic debt, 7) SBP mopped up PKR104.8 billion through PIB auction, and 8) Textile exports declined 12% to US$1.35 billion in September 2023.

Engineering, Refinery, and Cable & Electric goods were amongst the top performing sectors, whereas, Synthetic & Rayon, Vanaspati & Allied Industries, and Close end mutual funds were amongst the worst performers.

Major net selling was recorded by Brokers (US$3.48 million) and Mutual Funds (US$0.2 million). Banks and Companies absorbed most of the selling with a net buy of US$13.6 million and US$2.1 million respectively.

Top performers during the week included: KEL, ISL, AGP, CNERGY, and PGLC, while top laggards were: JDWS, PSEL, IBFL, THALL, and HINOON.

Going forward, the market's performance is anticipated to be significantly influenced by the upcoming IMF review scheduled for November.

Regarding the political landscape, while the expected timeline for elections is given, providing exact dates for the elections would be a positive development.

Additionally, upcoming inflation readings and current account data would remain in the limelight.

Overall, analysts continue to advise investors to remain cautious while investing and consider companies with strong fundamentals and high dividend-yielding companies.

 

 

Iran condemns terror attack on Syria

In a message to his Syrian counterpart Bashar al-Assad on Friday, Iran’s President Ebrahim Raeisi condemned the Thursday terrorist attack on a military college in Syria’s western city of Homs which has so far resulted in the death of 90 people and injury of more than 300 others.

“The continuation of terrorist attacks in Syria in recent months is rooted in the intelligence, security, and logistical support for the terrorists with the aim of preventing the formation of stability and establishment of security in this country,” he said, adding that the foreign supporters of these terrorists are acting in line with the interests of the Israeli regime.  

Raisi also called on the relevant international bodies, especially the United Nations Security Council (UNSC), to fulfill their obligations and help the Syrian government in its fight against terrorism. 

Also on Friday, Iran’s Foreign Minister Hussein Amir Abdollahian reaffirmed the president’s remarks during a phone call with his Syrian counterpart Faisal Mekdad. 
Mekdad provided the Iranian official with details on the attack and pinned the blame on US-funded terrorists. 

Both sides emphasized the need for the international community's serious determination and regional cooperation to effectively combat the heinous phenomenon of terrorism.

The spokesman for Iran’s Ministry of Foreign Affairs Nasser Kanaani has also extended condolences to the government, army, and people of the friendly and brotherly Arab Republic of Syria, as well as to all the families of the victims while wishing for a fast recovery of the injured.  

Kanaani attributed the responsibility for this tragic event to the foreign supporters of terrorist groups and called on international bodies to fulfill their responsibilities in this regard.

The terrorist attack was carried out with the help of an explosive-laden drone. Five children and 31 women are among the dead.

 

Jailed Iranian activist wins Nobel Peace Prize

According to Reuters, Iran's imprisoned women's rights advocate Narges Mohammadi won the Nobel Peace Prize on Friday in a rebuke to Tehran's theocratic leaders and boost for anti-government protesters.

The award-making committee said the prize honoured those behind recent unprecedented demonstrations in Iran and called for the release of Mohammadi, 51, who has campaigned for three decades for women's rights and abolition of the death penalty.

"We hope to send the message to women all around the world that are living in conditions where they are systematically discriminated: 'have the courage, keep on going'," Berit Reiss-Andersen, head of the Norwegian Nobel Committee, told Reuters.

"We want to give the prize to encourage Narges Mohammadi and the hundreds of thousands of people who have been crying for exactly 'Woman, Life, Freedom' in Iran," she added, referring to the protest movement's main slogan.

There was no immediate official reaction from Tehran, which calls the protests Western-led subversion.

Semi-official news agency Fars said Mohammadi had received her prize from the Westerners after making headlines due to her acts against the national security.

Mohammadi is serving multiple sentences in Tehran's Evin Prison amounting to about 12-year imprisonment, one of the many periods she has been detained behind bars, according to the Front Line Defenders rights organization.

Charges include spreading propaganda against the state.

She is the deputy head of the Defenders of Human Rights Center, a non-governmental organization led by Shirin Ebadi, the 2003 Nobel Peace Prize laureate.

"I congratulate Narges Mohammadi and all Iranian women for this prize," Ebadi told Reuters. "This prize will shed light on violation of women's rights in the Islamic Republic ... which unfortunately has proven that it cannot be reformed."

Mohammadi is the 19th woman to win the 122-year-old prize and the first one since Maria Ressa of the Philippines won the award in 2021 jointly with Russia's Dmitry Muratov.

Mohammadi's husband Taghi Rahmani applauded as he watched the announcement on TV at his home in Paris. "This Nobel Prize will embolden Narges' fight for human rights, but more importantly, this is in fact a prize for the 'women, life and freedom' movement," he told Reuters.

Arrested more than a dozen times in her life, and held three times in Evin prison since 2012, Mohammadi has been unable to see her husband for 15 years and her children for seven.

Her prize, worth 11 million Swedish crowns, or around US$1 million, will be presented in Oslo on December 10, 2023 the anniversary of the death of Swedish industrialist Alfred Nobel, who founded the awards in his 1895 will.

Past winners range from Martin Luther King to Nelson Mandela.

Mohammadi was quoted by the New York Times as saying she would never stop striving for democracy and equality, even if that meant staying in prison.

"I will continue to fight against the relentless discrimination, tyranny and gender-based oppression by the oppressive religious government until the liberation of women," the newspaper quoted her as saying in a statement.

Her award came as rights groups say that an Iranian teenage girl was hospitalized in a coma after a confrontation on the Tehran metro for not wearing a hijab.

Iranian authorities deny the reports.

Mohammadi's win also came just over a year after the death of Mahsa Amini in the custody of morality police for allegedly flouting the Islamic Republic's dress code for women.

That provoked nationwide protests, the biggest challenge to Iran's government in years, and was met with a deadly crackdown costing several hundred lives.

Among a stream of tributes from major global bodies, the UN human rights office said the Nobel award highlighted the bravery of Iranian women. "We've seen their courage and determination in the face of reprisals, intimidation, violence and detention," said its spokesperson Elizabeth Throssell .

"They've been harassed for what they do or don't wear. There are increasingly stringent legal, social and economic measures against them ... they are an inspiration to the world."

Dan Smith, head of the Stockholm International Peace Research Institute think tank, said that while the prize could help ease pressure on Iranian dissidents, it would be unlikely to lead to her release.

 

 

Pakistan: GSP Plus status extended for another four years

According to Pakistan’s leading newspaper Dawn, the European Parliament on Thursday unani­mously voted to extend the current generalized system of preferences (GSP) for another four years until 2027 for developing countries, including Pak­istan, to enjoy duty-free or minimum duty on exports to the European market.

The parliament voted with 561 in favor, five against and two in abstention to extend the current rules on the GSP schemes, including GSP Plus, after talks with the EU Council on the new rules were paused in June, an official statement issued by the EU Parliament said.

In September this year, the INTA Committee, a trade body of the EU Parliament, approved the extension of GSP schemes for 60 developing countries.

Caretaker Commerce Minister Gohar Ejaz told Dawn that the decision will ensure that Pakistani exporters can keep selling their goods to the EU market with certainty. He said the EU is a major market for Pakistani exporters, adding that all schemes under GSP were extended for four years.

“I take this opportunity to reiterate Pakistan’s commitments under the scheme for the betterment of all,” the minister said, adding that Pakistan will comply with all obligations and effective implementation of 27 EU conventions.

EU Ambassador to Pakistan Riina Kionka in a post on X said this rollover is proposed so as to avoid a cliff edge at the end of 2023. “It is unrelated to Pakistan’s performance or that of any other beneficiary country. EU member states will decide soon and monitoring will continue,” she further said.

In another post, Ms Riina said that together with the EU team, “I whole heartedly support the commitment of Minister Ejaz and government of Pakistan to fully meet GSP+ obligations, referring to the implementation of 27 conventions on labour, human rights, political rights and press freedom.”

It is worth mentioning that the current GSP regulation was set to expire at the end of this year, and negotiations between the EU parliament and the council of member states took place in January 2023 to establish new rules.

In June, talks were paused as the gap between the position of the parliament and member states could not be bridged, and as a result, the current rules were prolonged.

The draft report by rapporteur Heidi Hautala only amends the date of application of the regulation currently in place, extending it until December 31, 2027. The extension gives more time for the European Parliament and member states to agree on the new rules.

“By dealing swiftly and efficiently with this prolongation and rollover, the parliament underlines that it will not let beneficiaries down,” the rapporteur said during the plenary on Wednesday.

“However, this rollover is an unfortunate consequence of not being able to reach an agreement between the council and parliament on the ongoing review of the GSP regulation,” she said, adding that there are two outstanding issues: the link the council wants between tariff preferences and the obligation of readmission, and safeguarding rice producers without creating excessive trade barriers.

On the first issue, Hautala said, “The European Parliament’s position is against the inclusion of this type of migration policy measures because this is a trade and development policy instrument, which benefits two billion people in the developing world.”

She added, “The trilogues will continue, and it is vital to conclude them as soon as possible. Now it is very important that the parliament and the Spanish presidency go the extra mile and make this review a reality. This would require, however, a change in the approach by the council on the question of readmissions. We need to preserve the GSP as a development tool.”

The EU Council is expected to give its final approval for the extension of the current rules soon.