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[1/2] Afghan nationals rest at a camp after returning from Pakistan at the Torkham border crossing between Pakistan and Afghanistan, November 14, 2023. Islamabad last month announced it would expel over a million undocumented refugees, mostly Afghans, amid a row with Kabul over charges that it harbours anti-Pakistan militants. Over 370,000 Afghans have fled Pakistan since Oct. 1. The agency has said the Afghans' return should be voluntary and that Pakistan should identify vulnerable individuals who need international protection. Pakistan is home to over 4 million Afghan migrants and refugees, about 1.7 million of whom are undocumented.
Persons: Abdul Khaliq Sediqi, Afghanis, Babar Baloch, Asif Shahzad, Bernadette Baum Organizations: REUTERS, UNHCR, UNHCR Police, Wednesday, Reuters, Thomson Locations: Pakistan, Afghanistan, ISLAMABAD, Islamabad, Kabul, Karachi, Taliban, U.S
Afghan citizens wait with their belongings to cross into Afghanistan, after Pakistan gives the last warning to undocumented immigrants to leave, at the Friendship Gate of Chaman Border Crossing along the Pakistan-Afghanistan Border in Balochistan Province, in Chaman, Pakistan October 31, 2023. REUTERS/Abdul Khaliq Achakzai Reuters
Persons: Abdul Khaliq Achakzai Organizations: REUTERS Locations: Afghanistan, Pakistan, Balochistan Province, Chaman
Afghan citizens wait with their belongings to cross into Afghanistan, after Pakistan gives the last warning to undocumented immigrants to leave, at the Friendship Gate of Chaman Border Crossing along the Pakistan-Afghanistan Border in Balochistan Province, in Chaman, Pakistan October 31, 2023. REUTERS/Abdul Khaliq Achakzai Acquire Licensing RightsPESHAWAR, Pakistan Nov 1 (Reuters) - More than 100,000 undocumented Afghan nationals have returned voluntary to Afghanistan through the northwestern Torkham border crossing in the last two weeks, a Pakistani government official said on Wednesday. Deputy Commissioner Abdul Nasir Khan said the Afghan nationals had traveled from across Pakistan to the border crossing. Pakistan's deadline to expel all undocumented immigrants, including hundreds of thousands of Afghan nationals, is expiring later on Wednesday. Reporting by Mushtaq Ali; Writing by Asif Shahzad; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.
Persons: Abdul Khaliq Achakzai, Abdul Nasir Khan, Mushtaq Ali, Asif Shahzad, Jacqueline Wong Organizations: REUTERS, Rights, Thomson Locations: Afghanistan, Pakistan, Balochistan Province, Chaman, Rights PESHAWAR
"We are making bold decisions to meet our commitments to our shareholders," Fraser, 56, said in a statement. The latest changes have already eliminated 35 committees, Fraser said, citing an example of efforts to reduce bureaucracy. Job cuts are expected, but the bank did not estimate the number of positions being eliminated or the financial impact, sources familiar with the matter said. "Investors are only going to give Citigroup credit for hard numbers meeting their goals," said Eric Compton, banking analyst at Morningstar. Citi is eliminating layers in former divisions Institutional Clients Group and Personal Banking and Wealth Management.
Persons: Jane Fraser, Fraser, Shahmir Khaliq, Andrew Morton, Peter Babej, Gonzalo Luchetti, Andy Sieg, Wells, JPMorgan Chase, Brian Mulberry, Eric Compton, Ernesto Cantu, Mark Mason, Tatiana Bautzer, Saeed Azhar, Medha Singh, Lananh Nguyen, Nick Zieminski, Jonathan Oatis Organizations: Citigroup, Citi, Bank of America, JPMorgan, Zacks Investment Management, Morningstar, Wealth Management, International, Thomson Locations: North America, New York
Citigroup's business heads in revamped structure
  + stars: | 2023-09-13 | by ( ) www.reuters.com   time to read: +3 min
The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. He is an alum of the London Business School and the London School of Economics. In 2021, he became the global head of Citi's treasury and trade solutions arm. ANDY SIEG, WEALTH The incoming head of Citi's wealth management unit starts on Sept. 27, after running Bank of America's powerhouse Merrill Lynch Wealth Management division since 2017. He was previously the head of the consumer bank in Asia and Europe, Middle East and Africa.
Persons: Chris Helgren, Jane Fraser, SHAHMIR, Khaliq, Fraser, ANDREW MORTON, Morton, Lehman, PETER BABEJ, ANDY SIEG, Merrill, GONZALO LUCHETTI, Niket, Lananh Nguyen, Chizu Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, London Business School, London School of Economics, Morton, Heath, Lehman Brothers, Citi Asia Pacific, Deutsche Bank, Lazard, of America's, Merrill Lynch Wealth Management, JPMorgan Chase, Bain & Company, Thomson Locations: Toronto , Ontario, Canada, Fraser, Jarrow, Asia, Europe, Middle East, Africa, Bengaluru
CNN —Taliban fighters have committed hundreds of extrajudicial killings since taking power in Afghanistan in 2021, despite a “general amnesty” meant to protect the previous government, according to the United Nations. International rights groups and bodies like the UN have accused the Taliban of unwinding progress in protecting human rights since seizing power. In interviews conducted with UN officials, individuals recounted beatings with pipes, cables, verbal threats and abuse at the hands of Taliban security force members. “Former government and security officials are entitled to the same human rights protections as all Afghans.”Turk, UN High Commissioner for Human Rights, called on the Taliban to punish offenders. “Afghans were able to regain their country, freedom, government and will,” Taliban deputy spokesperson Bilal Karimi previously told CNN.
Persons: , , Volker Turk, Abdul Khaliq, , Alia Azizi, hasn’t, UNAMA, ” Turk, Amir al, Hibatullah Akhundzada, Bilal Karimi, Roza Otunbayeva, ” Otunbayeva Organizations: CNN, Taliban, United Nations, United Nations Assistance, Afghan National Army, police, National Directorate of Security, UN, Human Rights, NATO, Taliban’s Locations: Afghanistan, Kabul, Herat, Emirate
Maj. Joshua Mast, after a raid on an Afghan village, tried for years to adopt a baby he found in the rubble. The high-profile legal battle pits an Afghan family against an American one, and has drawn responses from the White House and the Taliban. The AP has located no records of the birth of the farmer's baby or photographs of her with the family before the raid. Four of the farmer's children had survived, so covered with dust and dirt they were almost unrecognizable, said neighbor Rahim. Less than two years after the raid, Mast helped the Afghan couple and the toddler flee as the country collapsed and the Taliban took over.
Persons: Joshua Mast, Mast, Major Mast, Patricia Gossman, Gossman, we'd, Neighbor Abdul Khaliq, Khaliq, they'd, aren't, Doe, Abdul Rahim, Rahim, Mohammad Zaman, Zaman, Neighbors, , Erica Gaston, unquote, Gaston, Joshua Mast's, Richard Mast, Richard Mast's, David Yerushalmi, fidgets Organizations: Service, White, Taliban, Afghan, International Committee, Marine, Associated Press, Department of Defense, United, of Defense, Defense Department, AP, The Defense Department, Human Rights Watch, U.S, American, U.S . State Department, State Department Locations: Wall, Silicon, American, Al Qaeda, Virginia, Afghanistan, United States, Asia, Afghan, Turkey, Turkmenistan, U.S
Pakistan is no stranger to economic crises - this is its fifth IMF bailout since 1997 - but economists say the latest measures, which include higher taxes and fuel costs, are hurting educated professionals. "Unfortunately the poor in Pakistan are left with nothing to lose," said Abid Suleri, the Sustainable Development Policy Institute of Pakistan, an economic think tank. "Educated professionals... find their purchasing power and savings eroded, and daily consumption either unaffordable or out of reach." "It will be more difficult to buy sweets and gifts for Eid, which is a break from our family tradition." The economic turmoil is driving some professionals out of the country.
Citigroup executive says strategy refresh remains "priority"
  + stars: | 2023-02-14 | by ( ) www.reuters.com   time to read: +1 min
Feb 14 (Reuters) - Citigroup Inc (C.N) is laser-focused about its "mission-critical" transformation agenda, its global head of treasury and trade solutions business said on Tuesday, as the bank undergoes a strategy refresh under Chief Executive Jane Fraser. "Transformation is the #1 priority for everybody at Citi," Shahmir Khaliq told investors at a conference, adding that it is imperative that the bank gets it right over the next 24 to 36 months. The bank has long struggled to keep pace with peers on profitability and valuations. Citi's return on assets emerged as one of the lowest among rivals in fiscal 2022. Reporting by Mehnaz Yasmin and Niket Nishant in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
His counterpart at Bank of America Corp (BAC.N), Brian Moynihan, cited resilient consumer finances and spending as positive signs. At a separate event, Bank of America's CEO reiterated what he has been saying for months - that consumer spending remains robust and is underpinning the economy. JOB CUTSDespite some easing concern about an economic slowdown, the bank chiefs said they were managing headcount to constrain costs. It aims to have a workforce of about 213,000 to 214,000 in the next three to four months, Moynihan said, down from 216,823 at the end of 2022. While consumer spending remains healthy, credit card delinquencies are increasing, and growth in Wells Fargo's commercial bank is moderating, he said.
REUTERS/Abdul Khaliq AchakzaiQUETTA, Pakistan, Dec 15 (Reuters) - Clashes erupted once again between the border forces of Afghanistan and Pakistan near the key Chaman-Spin Boldak border crossing on Thursday, resulting in one death and over a dozen injuries, Pakistani officials said. Thursday's fighting started when Pakistani forces repairing a portion of the border fence damaged during Sunday's clashes came under attack from the Afghan side of the frontier, a provincial official Balochistan, Zahid Saleem, told Reuters. Both sides blamed each other for instigating Sunday's clashes. Afghanistan's ministry of defence, run by the Taliban administration, said in a post on Twitter that Pakistani forces had opened fire first, and called for a resolution of the issue through negotiations. The police spokesman of the Afghan province of Kandahar did not reply to a Reuters request for comment on the casualties.
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