Islamabad: The National Command and Operations Center (NCOC) has decided to close educational institutions with COVID-19 high positivity for one week.

According to the reports, COVID testing in education institutes was carried out in major Omicron hit cities to ascertain disease spread among students and ensure accurate disease mapping.

Data suggests a strong correlation between vaccination levels and infection rate in various cities. In this regard, the NCOC decided that aggressive testing in education institutes will be conducted for next two weeks especially in high disease prevalence cities. 

Following to the COVID-19 cases, education institutions or specific classes with high positivity will be closed for one week. “Provincial Administration in consultation with District Health, Education Authorities and School Administrations to set a threshold of cases for deciding such closures,” it added.  

The NCOC further decided that the federating units to carry out special vaccination drives in schools to ensure 100 per cent vaccination of students over 12 years of age.

Kristalina Georgieva, managing director of the International Monetary Fund, has said that interest rate hikes by the Federal Reserve could “throw cold water” on already weak economic recoveries in certain countries.

Georgieva, speaking via videoconference at The Davos Agenda virtual event on Friday, said an increase in US rates could have significant implications for countries with higher levels of dollar-denominated debt.

She said it was therefore “hugely important” that the Fed was clearly communicating its policy plans to prevent surprises. Higher US interest rates could make it more expensive for countries to service their dollar-denominated debt.

On a panel moderated by CNBC’s Geoff Cutmore, Georgieva said the IMF’s message to countries with high levels of dollar-denominated debt was: “Act now. If you can extend maturities, please do it. If you have currency mismatches, now is the moment to address them.”

She added that her biggest concern is for low income countries with high levels of this debt, highlighting that two-thirds were now either in “debt distress” or in danger of falling into it — that’s twice as many as in 2015.
‘Losing some momentum’

The IMF expects the global economic recovery to continue, Georgieva said, but stressed that it was “losing some momentum.”

As such, she suggested that a New Year’s resolution for policymakers should be “policy flexibility.”

“2022 is like navigating an obstacle course,” she said, given risks such as rising inflation, the Covid-19 pandemic and high debt levels. The IMF warned in December that global debt hit $226 trillion in 2020 — the largest one-year rise since World War II.

With regards to inflation, Georgieva stressed that the problem is country specific. Prices are rising at startling speeds in a number of countries: euro zone inflation hit a record high of 5% in December, the U.K. inflation rate hit a 30-year high in the same month and the U.S. consumer price index rose at its fastest pace since June 1982.

“That country specificity is what makes 2022, in a way, even more difficult than 2020,” Georgieva said.

“In 2020, we had similar policies everywhere because we were fighting the same problem — an economy in standstill. In 2022, conditions in countries are very different, so we cannot anymore have the same policy everywhere, it has to be country specific and that makes our job in 2022 so much more complicated.”

SOURCE: CNBC

Lahore: Two people were killed and three others were injured as a van driver hit a motorcycle after getting fired by robbers on Baidian Road on Friday, police and rescuers said.

The deceased were borther and sister. Police inquiries showed that some robbers first opened fire on a moving van, leaving three including the driver injured.

The van driver panicked and hit a motorcycle. The deceased have been identified as Shahid and Shama. 

The injured have been identified as Abid, Waleed and Usman.

The vicitms told police that robbers riding a bike were chasing their van.  Police shifted the bodies for autopsies and launched investigation.