Protesters dressed as sea turtles; teargas billowing through the streets; the ignominious collapse of efforts to launch a new round of global trade talks. It is 10 years since the World Trade Organisation meeting in Seattle broke up in chaos.
The developing world will suffer about 80 per cent of the damage from climate change despite accounting for only around a third of greenhouse gases in the atmosphere, the World Bank said on Sunday.
The United States will urge world leaders this week to launch a new push in November to rebalance the world economy, but there are doubts national governments will bow to external advice.
The Maldives archipelago, threatened by rising sea levels blamed on climate change, said on Monday it would introduce a new environment tax on all tourists who use its resorts and provide its economic lifeline.
Industrialists of Site industrial area have reacted sharply over the notices issued by the Environmental Protection Agency (EPA), Sindh, for non-compliance of National Environmental Quality Standards (NEQs).
Pakistan should focus on a range of critical development issues, including health, education, skill building and social mobilisation, as well as important infrastructure to underpin the future growth, said a statement issued by the World Bank here on Tuesday.
On December 26, 2004 Sri Lanka and a few other countries in the region faced the destructive power of nature. The tsunami that swept across the Indian Ocean left about 300,000 people dead. This disaster also demonstrated the regenerative power of human compassion. Sri Lanka became just one household where everyone who was not affected did his/her utmost to provide relief to those affected.
A combination of domestic and external factors have resulted in a decline of nearly six per cent in large-scale manufacturing output during the first half of 2008-09 and a sharp drop in exports in recent months, says the International Monetary Fund (IMF) in its latest report available on Tuesday.
The government has committed to the International Monitory Fund (IMF) to explore the possibility of levying carbon tax to enhance revenue collection. Sources told to Business Recorder on Tuesday that the government is exploring the possibility of levying some kind of excise duty, or carbon tax, on fuel consumption, responsible for pollution problems in Pakistan.
