Pakistan collision kills more than 50 including children


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KARACHI // At least 56 people, including 18 children, were killed on Tuesday when a bus collided with a lorry loaded with coal in southern Pakistan, officials said.

The accident happened near the city of Khairpur, 450 kilometres north of Karachi, the capital of southern Sindh province.

Pakistan has an appalling record of fatal traffic accidents due to poor roads, badly-maintained vehicles and reckless driving. Crashes killing dozens of people are not uncommon.

Television footage of the aftermath of the crash showed the mangled bus lying on its side, its roof completely sheared off and battered green seats scattered around the scene.

Senior local police official Nasir Aftab said that 56 people were killed and 18 passengers injured in the accident. There were 17 women and 18 children among the dead.

“The accident was so severe that all of them died at the spot and only one child died at hospital during treatment,” doctor Jaffer Soomro said by phone from Khairpur Civil Hospital.

“I have never seen a road accident of such a horrible magnitude.”

The bus was carrying Pashtun families from northwestern Swat valley to Karachi, and medical staff were struggling to communicate with some of the injured, who spoke only the Pashto language.

“We have called Pashtun translators to communicate with the surviving people especially the children who are in very miserable condition,” Mr Soomro said.

The details of Tuesday’s crash are still not entirely clear. Initial reports said the two vehicles collided head on, but later police said the bus hit the stationary lorry after pulling out from a fuel stop.

A D Khawaja, the Motorway Police chief of Sindh province, said the poor condition of the road may have been a factor, as well as bad driving.

“There was a deep ditch on the road which we call ‘rutting’ some 30 to 40 yards before the place where the bus hit the lorry,” he said.

“We have learned that the bus went out of control after it hit the rutting and it landed on the opposite side of the road and then hit the lorry which was coming from Karachi.”

A senior police officer in the area, Masood Bangas, said the bus was travelling at around 80km/hour when it hit the lorry.

* Agence France-Presse

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Tightening the screw on rogue recruiters

The UAE overhauled the procedure to recruit housemaids and domestic workers with a law in 2017 to protect low-income labour from being exploited.

 Only recruitment companies authorised by the government are permitted as part of Tadbeer, a network of labour ministry-regulated centres.

A contract must be drawn up for domestic workers, the wages and job offer clearly stating the nature of work.

The contract stating the wages, work entailed and accommodation must be sent to the employee in their home country before they depart for the UAE.

The contract will be signed by the employer and employee when the domestic worker arrives in the UAE.

Only recruitment agencies registered with the ministry can undertake recruitment and employment applications for domestic workers.

Penalties for illegal recruitment in the UAE include fines of up to Dh100,000 and imprisonment

But agents not authorised by the government sidestep the law by illegally getting women into the country on visit visas.

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Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.

It was founded in 2018 and originally called the Brexit Party.

Many of its members previously belonged to UKIP or the mainstream Conservatives.

After Brexit took place, the party focused on the reformation of British democracy.

Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.

The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.

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  • Don’t go cheap on the inspection
  • Check for oil leaks
  • Do a Google search on the standard problems for your car model
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  • Check the vehicle’s condition. You don’t want to buy a car that’s a good deal but ends up costing you Dh10,000 in repairs every month
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Born September 27, 1976

Position Attacking midifelder

Clubs played for (1) - Roma

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Final: England v South Africa, Saturday, 1pm

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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