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Pakistan pilot licence irregularities are ‘serious lapse’ – IATA

“We are following reports from Pakistan regarding fake pilot licences, which are concerning and represent a serious lapse in the licensing and safety oversight by the aviation regulator,” an IATA spokesman said, adding that the organisation was seeking more information.

Pakistan’s civil aviation authority has found that some 150 of PIA’s 434 pilots have “dubious licences”, the airline said.

IMF warns markets at risk of correction after run-up

A correction could be prompted by a deeper and longer recession than currently anticipated, a second wave of the virus or reinstated containment methods. A broadening of global social unrest in response to rising economic inequality could also damage investor sentiment, the IMF said.

“We worry about scarring in the economy, meaning the crisis might be longer than expected and deeper than expected,” said Adrian. “Scarring is due to the high level of unemployment and the potential for insolvency. These are difficult to reverse.”

US health officials estimate 20M Americans have had virus

Thursday’s estimate is roughly 10 times as many infections as the 2.3 million cases that have been confirmed. Officials have long known that millions of people were infected without knowing it and that many cases are being missed because of gaps in testing.

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