BAFL 45.66 Increased By ▲ 0.56 (1.24%)
BIPL 20.08 Decreased By ▼ -0.17 (-0.84%)
BOP 5.34 Decreased By ▼ -0.06 (-1.11%)
CNERGY 4.54 Increased By ▲ 0.01 (0.22%)
DFML 16.01 Increased By ▲ 0.33 (2.1%)
DGKC 78.62 Increased By ▲ 5.74 (7.88%)
FABL 27.80 Increased By ▲ 0.65 (2.39%)
FCCL 18.86 Increased By ▲ 1.21 (6.86%)
FFL 8.96 Decreased By ▼ -0.13 (-1.43%)
GGL 12.85 Increased By ▲ 0.21 (1.66%)
HBL 111.54 Increased By ▲ 0.88 (0.8%)
HUBC 122.23 Increased By ▲ 0.71 (0.58%)
HUMNL 7.69 Increased By ▲ 0.34 (4.63%)
KEL 3.29 Increased By ▲ 0.06 (1.86%)
LOTCHEM 27.80 Increased By ▲ 0.48 (1.76%)
MLCF 42.36 Increased By ▲ 3.03 (7.7%)
OGDC 110.37 Increased By ▲ 2.37 (2.19%)
PAEL 18.97 Increased By ▲ 1.41 (8.03%)
PIBTL 5.46 No Change ▼ 0.00 (0%)
PIOC 114.91 Increased By ▲ 6.91 (6.4%)
PPL 94.72 Increased By ▲ 2.97 (3.24%)
PRL 25.32 Increased By ▲ 0.44 (1.77%)
SILK 1.10 Increased By ▲ 0.02 (1.85%)
SNGP 64.32 Increased By ▲ 1.22 (1.93%)
SSGC 12.26 Increased By ▲ 0.37 (3.11%)
TELE 8.36 Increased By ▲ 0.17 (2.08%)
TPLP 13.35 Increased By ▲ 0.24 (1.83%)
TRG 83.84 Increased By ▲ 2.23 (2.73%)
UNITY 25.89 Increased By ▲ 0.14 (0.54%)
WTL 1.54 Increased By ▲ 0.02 (1.32%)
BR100 6,308 Increased By 126.6 (2.05%)
BR30 21,973 Increased By 434.1 (2.02%)
KSE100 61,691 Increased By 1160 (1.92%)
KSE30 20,555 Increased By 366.1 (1.81%)

EDITORIAL: The war of attrition in Ukraine and the shameless, torturous genocide in Gaza have exposed, perhaps decisively, the utter failure of the world’s elite countries to maintain even a semblance of order in the international community.

Blinded by its reckless obsession of expanding nato, decades after the death of the Soviet communist threat, as well as its free pass to Israel to do anything and everything, including naked barbarism against Gaza’s women and children, the world’s sole superpower is indeed guilty of dragging the whole world down the gutter.

It doesn’t get any more serious that a former Russian president – Dimitry Medvedev – warning, very seriously, about world war three if there is not a very serious de-escalation, on multiple fronts, very quickly.

Yet Washington is fast-tracking billions more to Ukraine and dispatching warships to the Arabian sea, besides bolstering its special forces units in Iraq and Syria, ensuring that more war not peace will be the way forward. Already, the information superhighway is abuzz with conspiracy theories about China exploiting the moment to tighten the screws on Taiwan. What will be next?

People have short memories, but markets do not. They are still recovering from the shock of the Covid shutdowns that rattled supply chains and played havoc with commodity prices. Now, the US and the EU economies struggling to avoid recession, emerging markets holding their breath because they will follow closely regardless of the direction, and China’s mammoth real estate and shadow banking sectors imploding, a war that lights up the Middle East and traumatises the oil market is the last thing they need.

There’s also the terrible humanitarian catastrophe to consider, of course. The world has seldom known, much less seen so vividly, such large-scale extermination of innocent civilians as the horrifying images from Gaza carve on its consciousness with every passing hour of Israel’s revenge.

The UN (United Nations) has called Gaza the “graveyard of children” on multiple occasions. Yet there’s nothing anybody can do because it is shielded by the so-called free world.

It is only natural, therefore, for the world to split into blocs once again; between countries that allow this sort of horrific bloodshed, even condone it, and those that are appalled by it. History also teaches us that cruelty, when institutionalised like this, only feeds more disruptive forces that perpetrators of this violence later call terrorism. And then another cycle begins, much like the Hamas surprise attack in Israel triggered this one.

There is a very urgent need to pull back from this insanity. But when the world’s leading countries are relentlessly pushing it into the abyss, and the only international body that gathers almost all nations on one platform – the United Nations – is so willingly impotent, there seems very little chance of good sense prevailing.

Countries, like Pakistan, that have opted for neutrality in the Ukraine war and called for an immediate end to the madness in Gaza, face stiff pressure from Washington to get in line about Ukraine and keep silent, at least, about Palestinians.

Faced with prompt sovereign default without IMF’s bailout, which will disappear without America’s backing, Islamabad is sticking to its principled position. Other countries, like Turkey, have been more active in sorting out the Ukraine issue and much more vocal about putting Israel in its place.

Even Russia has categorically rejected Israel’s official position about “defending its borders” as baseless, openly calling it an occupying power.

It is a shame that influential global leaders and leading countries are bent upon adding fuel to fire just when the world, as we know it, sits on a knife edge.

Copyright Business Recorder, 2023


Comments are closed.

KU Nov 09, 2023 08:58pm
It's a shameful moment in history of modern civilized world. One should not be surprised if more of this inhumane attitude is seen in future, besides this has been foretold in the book Ugly American, tragically so true.
thumb_up Recommended (0)
Tariq Qurashi Nov 10, 2023 10:56am
Countries like Pakistan have been lectured by the West for 75 years on human rights, women's rights, gender equality, religious tolerance, racism, children's rights, child marriages, minority rights Now we see the collective West, support, arm, fund and justify the brutal Massacre and Ethnic Cleansing of Palestinian men,, Women and Children in Gaza. They are displaying a level of sheer hypocrisy and cruelty that is shocking. They don't actually seem to believe any of what they have been preaching all these years.
thumb_up Recommended (0)

World on edge

Pakistan’s trade deficit narrows 34% to $9.38bn in 5MFY24

KSE-100 conquers 61,000 after single-day gain of 1,160 points

COP28: UAE president announces $30bn fund to bridge climate finance gap

Israel resumes Gaza attacks as truce expires, heavy fighting reported

Al Qadir Trust case: NAB files reference against Imran, wife

Inter-bank: rupee records 4th consecutive gain against US dollar

Open-market: rupee continues to strengthen against US dollar

PCB includes Salman Butt in selection panel, decision draws criticism

ECP refutes Babar Awan’s statement about KP’s seats being reduced

COP28: Caretaker PM Kakar arrives at Dubai Expo City