Tag: World EConomic Forum

  • Fact Check: Did Damon Imani actually tell World Economic Forum to f*** new world order?

    A video circulating on the internet featuring Damon Imani allegedly hurling swear words at Klaus Schwab-Chairperson of the World Economic Forum-during the 2024 Davos Meeting, has sparked curiosity among netizens. The video claims that “A new WEF participant does the unthinkable at the 2024 Davos Meeting.” However, the video is satirical and the incident did not occur in reality.

    The video of Damon Imani was released at a time when the World Economic Forum (WEF) Annual Meeting held in 2024 brought together nearly 3,000 global leaders from over 125 countries to discuss the challenges and crises the world faces.

    Imani is an Iranian producer and artist based in Denmark. Specializing in creating video content covering a range of topics, including societal issues, news, and current events, Imani is known for his satirical approach.

    The video in question is an edited one shared by Imani. He even posted on X, “Satire but true. This video is also available on Rumble here and Klaus Schwab can go f*** himself.” As social media users came across the viral video, some of them jokingly wished that it had really happened.

    The comedian also shared a series of videos where he was apparently calling out the leadership of WEF and people appreciated him for speaking his heart out. He shared a message he received from USA Today to verify if the video is real and how people are responding to it. He replied that actually people understood the meaning of his message which was that the “World Economic Forum is a global communist party that is not elected by the people of Earth.”

  • Iceland’s Prime Minister strikes over gender pay gap

    Iceland’s Prime Minister strikes over gender pay gap

    Tens of thousands of women in Iceland, including the prime minister, walked off the job on Tuesday to demand equal pay and protest violence against women, organisers said.

    Iceland already tops a World Economic Forum (WEF) ranking for gender equality, but organisers said the country needed to make even more progress and lead by example.

    “We are keenly aware that we have not reached gender equality, and even though the situation may be better than other places, there is no reason to just call it a day,” Steinunn Rognvaldsdottir, one of the organisers of “Kvennafri” (Women’s Day Off), told AFP.

    The protest day has been called six times since 1975, this was only the second time that organisers made it a full-day strike, she added.

    The other times, women walked off the job at a symbolic hour after which they were technically no longer earning a salary compared to male colleagues.

    The average wage gap between men and women was 10.2 percent in 2021, according to Statistics Iceland.

    Around 90 percent of Iceland’s women took part in the first protest in 1975, “which was momentous”, Rognvaldsdottir said.

    Prime Minister Katrin Jakobsdottir was among those striking, her office told AFP.

    “She will not attend to official duties and in that regard today’s scheduled cabinet meeting has been moved to tomorrow,” a spokesman said.

    – ‘A present for mother-in-law’ –

    Tens of thousands of women gathered for a large demonstration in the afternoon at the main square of the capital Reykjavik, and protests were also planned in other towns around the country of 400,000 people.

    In Reykjavik, where 75 percent of city employees are women, 59 daycare centres and preschools were closed and all city services were affected by the strike.

    City employees taking part in the strike will not lose pay, the city said.

    Organisers of the movement said they expected men to take charge of the unpaid work that often falls to women.

    “For this one day, we expect husbands, fathers, brothers and uncles to take on the responsibilities related to family and home, for example: preparing breakfast and lunch boxes, remembering birthdays of relatives, buying a present for your mother-in-law, making a dentist appointment for your child.”

    “We always have to be on guard when it comes to our rights,” Lina Petra Thorarinsdottir, 45, told AFP.

    “In Iceland we are proud of what we have accomplished and I am thankful for the women that came before us,” said Thorarinsdottir, head of tourism at marketing group Business Iceland.

    But she said would continue to protest until women enjoyed “equal rights in full”.

    The strikers also wanted their protest to raise awareness of gender-based violence.

    “We still see that up to 40 percent of women have experienced some form of violence or will experience some form of violence in their lifetime,” Thorarinsdottir said.

    “The strike is for both equality when it comes to paid and unpaid work, it also has to do with violence against women and non-binary people,” she said.

    Fjola Helgadottir, a 41-year-old nurse, was unable to take part in Tuesday’s strike action.

    “I would have liked to participate in today’s protest but because we work in the children’s emergency room, we have to provide that service,” she told AFP.

    “The cause is extremely important.”

  • Future of Jobs Report: 83 million jobs to be eliminated globally by 2027

    Future of Jobs Report: 83 million jobs to be eliminated globally by 2027

    The World Economic Forum (WEF) has published its Future of Jobs Report 2023, which examines how global trends and technologies may impact the job market, including in Pakistan. The report predicts that artificial intelligence (AI) and big data will be vital for companies’ skills strategies worldwide. The report also warns that 83 million jobs may disappear in the next five years across the world, with some jobs becoming obsolete.

    The report indicates that 23 per cent of jobs are expected to change by 2027, with 69 million new jobs created and 83 million eliminated. The green transition and localisation of supply chains are expected to generate a net increase in jobs. Cognitive skills, such as analytical and creative thinking, will be the most crucial skills for workers in the next five years, with companies focusing on AI and big data in particular.

    The study provides a comprehensive evaluation of Pakistan’s performance related to the Future of Jobs in 2023 and predicts how the job market will unfold in the next 5-7 years. Pakistan has the most negative outlook globally, with a lower skill stability than the global average. The report identifies several global trends and technologies that will affect Pakistan’s job market, such as digital platforms and apps, big-data analytics, and education and workforce development technologies. These trends and technologies will play a crucial role in creating new employment opportunities and driving industry transformation.

    WEF’s report suggests that while reskilling and upskilling towards green skills is growing, it is not keeping pace with climate targets. The working-age population in Pakistan is 85.78 million, indicating a vast pool of potential talent. The country’s labor force participation rate is 57 per cent, with 55 per cent of the workforce in vulnerable employment. However, the unemployment rate remains relatively low at 5 per cent. It also highlights that 82 per cent of companies plan to adopt education and workforce development technologies in the next five years.

    Mishal Pakistan, the Country Partner Institute of the Center for New Economy and Societies Platform, World Economic Forum, has announced plans to develop a comprehensive report on the Future of Jobs for Pakistan in the third quarter of 2023.

    Amir Jahangir, Chief Executive Officer of Mishal Pakistan, believes that by strengthening the education system, investing in vocational and technical training, and fostering a culture of innovation, Pakistan can better equip its population to excel in the global job market. Saadia Zahidi, Managing Director of the World Economic Forum, emphasises that investing in education, reskilling, and social support structures will ensure individuals are at the heart of the future of work.

  • ‘Was a freshman at Oxford’, Bilawal gets candid about his whereabouts when his mother was assassinated

    ‘Was a freshman at Oxford’, Bilawal gets candid about his whereabouts when his mother was assassinated

    Foreign Minister (FM) Bilawal Bhutto-Zardari recently got candid while talking about his mother’s legacy, assassination, and his foray into politics.

    In a wide-ranging interview on Thursday with The Washington Post’s Lally Weymouth, Bilawal, who is currently representing Pakistan at World Economic Forum in Davis, agreed that if his mother Mohtarma Benazir Bhutto had lived Pakistan would have been a different place.

    “I think that not only would Pakistan be a different place, but our region would have gone in a different direction. She had a vision and clarity that no one had at the time,” he said of his mother, the first female Muslim Prime Minister in the world.

    Responding to a question about where he was when his mother was assassinated in 2007 in Karachi, he said, “I was a freshman at Oxford”. Benazir Bhutto was assassinated in an attack in Rawalpindi in 2007, right before she was to lead her party to the polls.

    Speaking about his early stages in politics, Bilawal—who is also chairman of the Pakistan People’s Party (PPP)— said that his party thought that it was important for him to take a “ceremonial role leading the party to keep them united”.

    When asked whether he could become prime minister this year, FM Bilawal said he would have to win an election first.

    “Obviously, my party will be hoping that we win,” he said, hinting towards a coalition government if his party wins the most seats in the general elections scheduled for later this year.

    During the interview, the young minister reiterated that Pakistan’s new leadership, both political and military, will hold no talks with terrorist organisations who don’t respect the country’s laws and constitution.

    He said that former PM Imran Khan gave the Tehreek-e-Taliban Pakistan (TTP) a place to hide; not only did he release prisoners who were in Pakistan’s custody, but also engaged in a dialogue with them. “He [Imran Khan] has always been ideologically sympathetic to their point of view,” he added.

  • Davos Playbook names Bilawal as the best-dressed person at world economic forum

    Davos Playbook names Bilawal as the best-dressed person at world economic forum

    Politico‘s Davos Playbook on Thursday named Pakistani Foreign Minister (FM) Bilawal Bhutto-Zardari as the best-dressed person at the World Economic Forum (WEF).

    The playbook is published every year during the economic forum in Davos, Switzerland.

    Apart from the Pakistani minister, the playbook talked about the other politicians and personalities from all over the world who came to attend the international event. Moreover, it reported on all events that happened on Thursday.

    Bilawal, along with Minister of State for Foreign Affairs Hina Rabbani Khar, is currently in Davos. The four-day international event will end today (Friday).

    Here, have a look at Bilawal’s pictures during the event.

  • GSMA funds £668,000 to three Pakistani startups

    GSMA funds £668,000 to three Pakistani startups

    The Global System for Mobile Communication’s innovation Fund has announced three Pakistani startups as winners out of 597 applications.

    These startups are working on the inclusion of Mobile, Internet and Digital technologies in Pakistan. The winning startups Vceela and Orenda Pakistan will get a grant of £668,000 (Rs146 million).

    The head of Asia Pacific GSMA, Julian Gorman, said that digital technologies would transform how people work and live in Pakistan. By 2023 the economic contribution of the mobile industry in Pakistan will reach $24 billion that is 6.6 per cent of the expected Gross Domestic Product (GDP).

    Pakistan has also moved forward with significant mobile services tax reforms. “As we saw in the GSMA 2020 Digital Societies Report, which tracks the progress of 11 focus countries in the Asia Pacific, Pakistan is advancing its societal, economic and digital ambition, as outlined in Digital Pakistan Vision,” Mr Gorman said.

    Pakistan has achieved one of the highest scores overall as per the GSMA report on the digital society index.

    Federal Minister for Information Technology (IT) Syed Aminul Haq said that the Ministry of IT & Telecom (MOITT) lauded the efforts of the GSMA for its endeavours to bring revolutionary changes in the field of telecommunication in Pakistan.

    He added that the reforms taken by the incumbent government in the telecommunication sector have made it possible for investors in the broadband and communication sector to facilitate the investors’ sentiment.

    He said the “right way of policy” has been implemented by the government, which was one of the demands of the telephony and internet service providers for the last 24 years.

    Haque has also said that the government was taking steps to provided 3G and 4G services all across Pakistan, but the COVID pandemic has changed the landscape. However, the Telecommunication sector strategy has not changed because of high demand and technological relevance.

    Not just GSMA, even World Economic Forums (WEF) has ranked Pakistan as one of the best countries in terms of affordability of ICT services.

  • NAB elected head of SAARC Anti-Corruption Forum

    NAB elected head of SAARC Anti-Corruption Forum

    The National Accountability Bureau (NAB) has been elected as the head of the Anti-Corruption Forum of South Asian Association for Regional Cooperation (SAARC).

    An official press release issued by NAB said the anti-graft watchdog was the “role model” not only for Pakistan but also for entire SAARC countries as NAB had been unanimously elected as chairman of the organisation’s Anti-Corruption Forum, which was a great achievement for Pakistan.

    NAB’s performance is lauded by SAARC countries, national and international organisations like Transparency International (TI), World Economic Forum (WEF), Pildat and Mishal Pakistan.

    In addition, “Pakistan is the only country with whom China has signed a memorandum of understanding (MoU) for eradication of corruption,” the press release said.

    From the beginning, NAB has managed to recover Rs328bn and returned the money to affected people, government and private departments without keeping a single rupee of its share, deposited all recoveries in the national exchequer, says the press release.

    NAB has established its own research academy for the capacity building of investigation officers (IOs) on modern lines. Moreover, it has also established a forensic science laboratory at its Rawalpindi office for scrutinising of documents, analysing fingerprints and digital data.  

    NAB has also established an anti-money laundering cell in its headquarters.

  • WEF names Minister Hammad Azhar as one of ‘most promising young leaders’ in world

    In recognition of his services in the field of politics, the World Economic Forum (WEF) has named Minister for Economic Affairs Hammad Azhar as one of its ‘Young Global Leaders’ from South Asia.

    According to the details, WEF included Azhar’s name in the list of the world’s “most promising leaders under the age of 40” for the year 2020.

    He has been selected for being Pakistan’s youngest state minister and for his services in the field of politics.

    Last year in July, Prime Minister (PM) Imran Khan, following his successful visit to the United States (US), had become the 8th most popular leader of the world on Twitter.

    The number of his Twitter followers had increased to over 10 million that had landed the premier on number 8 in the ranking of world’s most famous leaders over the social network.

    Get to know Hammad Azhar better:

  • Satirical headline comes true as PM tells ministers ‘to fix things by not watching news’

    Satirical headline comes true as PM tells ministers ‘to fix things by not watching news’

    A satirical headline from five years ago has come true as Prime Minister (PM) Imran Khan has told members of his government to “quit following news in order to fix things”, author of the satirical tweet pointed out on Friday.

    “To avoid getting depressed, [party] workers should shut their cameras, stay away from television screens, turn their mobile phones off and go to sleep after popping some pills,” Broken News — a “parody news channel” — had quoted then opposition member Imran as saying in 2015.

    While it was nothing but a satirical headline back then, the same statement, five years later, has made its way to newspapers after the premier actually said something quite similar.

    Speaking at a breakfast session aimed at showcasing his vision for Pakistan and its economic potential before the global business leaders as well as overseas Pakistanis in Davos, PM Imran said he had stopped reading morning newspapers and watching evening talk-shows due to extreme negativity targeted at him in the media.

    WATCH VIDEO:

    “I’m trying to make my team understand this. The problem is that they watch the chat shows and they come… sitting there shell-shocked in cabinet meetings,” said the premier, who was in the Swiss town to attend the annual meeting of the World Economic Forum (WEF).

    The similarity was pointed out by the author of the satirical tweet:

    Meanwhile, PM Imran has returned to the country from Davos where he attended different ceremonies and met key world leaders, including United States (US) President Donald Trump.

  • Woman accuses interviewer of ‘trying to seduce PM Imran’, gets called out

    Woman accuses interviewer of ‘trying to seduce PM Imran’, gets called out

    A woman has accused CNBC journalist Hadley Gamble, who interviewed Prime Minister (PM) Imran Khan on the sidelines of the World Economic Forum (WEF) in Davos, of wearing a short dress “to seduce” the Pakistani premier.

    “Could her dress have been any shorter? In Davos no less where it’s -6 degrees. Is she interviewing him or trying to seduce him? [sic]” Doreen Kiani tweeted along with a clip of PM Imran’s interview to the American media outlet.

    https://twitter.com/DoreenKiani/status/1220249781580247040

    It wasn’t later that the journalist called Kiani out and said that the premier was “a bit old” for her.

    THE INTERVIEW:

    Earlier, PM Imran roundly rejected the notion being projected by US officials that the China-Pakistan Economic Corridor (CPEC) was some sort of a debt trap for Pakistan.

    Speaking to Gamble during the interview, he said Pakistan was grateful to China as it had helped the country in difficult times by making investments. “We were at rock bottom when the Chinese [government] came and rescued us,” the PM said.

    Responding to a question, the premier rejected the impression that CPEC had made Pakistan ‘indebted’ to China and pointed out that Chinese loans accounted for only 5-6 per cent of Pakistan’s total loan portfolio.

    “CPEC envisages cooperation in different sectors, including technology transfer in the agriculture sector,” he said.

    The premier also spoke of the Kashmir issue, his meeting with United States (US) President Donald Trump, Pak-US ties and tensions that continue to soar between Washington and Tehran.