'I Need My Salary': Anger as Lebanese Banks Reopen

File Photo: People queue outside a bank in Tripoli, Lebanon November 1, 2019. (Reuters)
File Photo: People queue outside a bank in Tripoli, Lebanon November 1, 2019. (Reuters)
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'I Need My Salary': Anger as Lebanese Banks Reopen

File Photo: People queue outside a bank in Tripoli, Lebanon November 1, 2019. (Reuters)
File Photo: People queue outside a bank in Tripoli, Lebanon November 1, 2019. (Reuters)

Depositors scuffled and long lines formed at Lebanese banks Monday as they partially reopened after a week-long closure following a slew of heists by customers desperate to access their money.

But most banks remained shut, welcoming only a handful of depositors on appointment, and there was anger from those seeking to withdraw frozen funds desperately needed to weather a crushing economic crisis, AFP said.

At a closed Beirut branch of Fransabank, dozens of soldiers, internal security forces members and customers had queued for hours.

"I don't care about anything, I need my salary," one ISF member yelled from behind the locked gates.

Banks started imposing draconian restrictions on withdrawals after Lebanon's economy collapsed in 2019.

Since then, the Lebanese pound has lost more than 95 percent of its market value, meaning public sector salaries have slumped to as low as $40 a month.

Earlier this month five banks were stormed in one day with depositors seeking to unlock frozen savings, after a string of similar holdups in past weeks.

The Lebanese banks association said Sunday that banks will reopen in a limited capacity to businesses, educational institutions and hospitals. Many banks have also now hired security guards.

ATMs will be available "for everyone else," to allow public and private sector institutions to transfer salaries, they said.

Georges Hajj of Lebanon's bank employees union said that some branches did not reopen, but those that did increased security.

"This week is a test to see how things will unfold," he said.

In the southern city of Sidon, heavy security has been deployed at several banks, an AFP correspondent reported, after a security forces member tried to get into a BLOM bank branch by force to retrieve his salary.

In the queue outside Fransabank, Yolla Sawan, a 67-year-old retired teacher, waited for her appointment, hoping to withdraw roughly $130 -- her bank's maximum monthly allowance.

"I don't know what will happen (if I can’t withdraw)," she said in a soft voice.

Near the bank, more servicemen and ordinary depositors queued in front of an ATM which was empty of any cash.

One ISF member, who declined to give his name, said he had been waiting for two hours to withdraw his meagre salary.

"I have nothing to say, I am drained," he said.



Islamabad: 50,000 Pakistanis Are Missing in Iraq

Every year, millions of Shiites flock to religious sites in Iraq’s Najaf and Karbala. (EPA)
Every year, millions of Shiites flock to religious sites in Iraq’s Najaf and Karbala. (EPA)
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Islamabad: 50,000 Pakistanis Are Missing in Iraq

Every year, millions of Shiites flock to religious sites in Iraq’s Najaf and Karbala. (EPA)
Every year, millions of Shiites flock to religious sites in Iraq’s Najaf and Karbala. (EPA)

Pakistan’s Minister of Religious Affairs and Interfaith Harmony Chaudhry Salik Hussain sparked controversy when he revealed that 50,000 Pakistanis have gone missing in Iraq over the years.

He urged the Baghdad government to immediately launch a probe into how the Pakistanis entered Iraq to visit religious sites during the month of Muharram, he was quoted as saying by Pakistan’s Ummat newspaper.

Islamabad is investigating how people have traveled outside Pakistan through illegal means, he remarked.

The permanent committee for religious affairs and interfaith harmony has since proposed new policies for trips to holy sites in foreign countries, including Iraq.

In Iraq, the minister’s comments drew mockery and condemnation on social media and sparked renewed debate over illegal workers in the country.

Politician Mishaan al-Juburi urged the government to make a statement over Hussain’s comments, warning that they may impact security and the labor force.

Hussain’s comments coincided with Iraqi police announcing the arrest of six Pakistanis in Baghdad on charges of theft.

Previously, military intelligence also announced the arrest of a nine-member Pakistani kidnapping and extortion gang in Baghdad. The gang had kidnapped foreigners for ransom.

Meanwhile, Labor Minister Ahmed al-Asadi expressed his concern and condemnation over the increasing number of illegal workers in Iraq.

He said his ministry will investigate the disappearance of the Pakistanis.

He confirmed that several tourists, including Pakistanis, have flocked to Iraq in recent days, and many have taken up employment without the necessary legal permits.

He warned that this phenomenon is negatively impacting the national economy.

The ministry will not be lenient in taking the necessary legal measures against the violators, he vowed.

Iraq welcomes all tourists, whether they are here on a religious visit or otherwise, but they must respect local laws and regulations, declared Asadi.

Every year, millions of Shiites flock to religious sites in Iraq’s Najaf and Karbala.