On muddy beaches in Asia -- in India, Bangladesh, Pakistan, China -- most of the world's ships are taken apart. Worked on by hundreds of unprotected and often inadequately trained workers, they qui...
On muddy beaches in Asia -- in India, Bangladesh, Pakistan, China -- most of the world's ships are taken apart. Worked on by hundreds of unprotected and often inadequately trained workers, they quickly become piles of scrap steel and parts. Scrapping ships is one of the most work-intensive and dangerous jobs there is. All in all, the highly hazardous shipbreaking industry -- including all branches with a direct link to the scrapping operations -- employs over 160,000 workers in India alone.
IMF and its affiliates are working together to improves the lives of shipbreaking workers.
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Once again Pakistan Govt forced to run after IMF. Why? IMF & International Banks meant to loan to the poor countries like Pakistan impose such heavy conditions/rate of interest that finally it is the common & low paid citizen who suffers. The investor creates inflation in return to the taxes imposed or subsidiaries withdrawn. Pakistans ruling class doesnt stop its lavishness finally being paid by a low paid citizen. No protection to a low paid citizen is given at any level whether a tax payer.
Loans are granted to Pakistan but are not monitored/audited to see the completion of the project they are sanctioned for. Pakistani ruling class & govt departments gradually eat up the entire loan. Are these loans granted to promote hypocrisy, gradually leading to fake inflation, injustice & poverty? The end result nowadays is reaction in the form of suicide bombing & destruction due to the problems mentioned. Kalabagh Dam & many projects are just a dream due to this attitude of IMF & World Bank
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What more could anyone ask for?