Leaders of Iran, Turkiye, China congratulate Shehbaz Sharif for winning Pakistani PM election

(FILES) Pakistan's former Prime Minister and leader of the Pakistan Muslim League-Nawaz (PML-N) party Shehbaz Sharif speaks during a press conference in Lahore on February 13, 2024. (AFP/File)
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Updated 04 March 2024
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Leaders of Iran, Turkiye, China congratulate Shehbaz Sharif for winning Pakistani PM election

  • Turkish President Recep Tayyip Erdogan expresses confidence in Sharif’s ability to steer Pakistan on a path of prosperity, says state media
  • Chinese President Xi Jinping says China and Pakistan will continue “traditional” friendship and cooperation under Sharif’s leadership

ISLAMABAD: The heads of state of China, Iran and Turkiye on Monday congratulated Shehbaz Sharif for winning the election for the office of Pakistan’s prime minister, vowing to strengthen their bilateral relations with the South Asian country under a new leader. 

Pakistan’s lower house of parliament on Sunday elected Sharif as prime minister for a second time, putting him back in a role he had stepped down from ahead of general elections on Feb. 8. 

Sharif, 72, secured a comfortable win over Omar Ayub of the Sunni Ittehad Council (SIC), which features members of former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party, on Sunday. He secured 201 votes from Pakistani legislators while Ayub polled only 92. 
 
“Prime Minister-elect Muhammad Shehbaz Sharif receives a congratulatory telephone call from Turkish President Recep Tayyip Erdogan,” Pakistan’s foreign affairs ministry said in a statement on Monday. 

“President Erdogan warmly congratulated Prime Minister-elect on his election as Prime Minister of Pakistan and expressed confidence in his ability to steer Pakistan on a path of progress and prosperity.”

The foreign office said Sharif thanked Erdogan for his congratulatory message and underscored the significance of the brotherly ties between the two countries. “The two leaders reaffirmed their commitment to further advance bilateral cooperation and collaboration in all fields,” the statement added. 

Hours after he had won the prime minister’s election on Sunday, the Chinese premier and president both congratulated Sharif. 

“President Xi Jinping in his message expressed the confidence that under the leadership of Shehbaz Sharif Pakistan would be able to make new and greater achievements in the cause of national development and progress,” the state-run Radio Pakistan reported. 

He stressed China and Pakistan would continue their “traditional” friendship and cooperation in various fields, the state media said. 

“Chinese Premier Li Qiang has also sent a congratulatory message to the newly-elected Prime Minister Shehbaz Sharif,” Radio Pakistan added. 

Separately, Pakistan’s Caretaker Prime Minister Anwaar-ul-Haq Kakar congratulated Sharif on his election victory, hoping his administration would usher in prosperity for the South Asian country. 

“Congratulations to @CMShehbaz on being elected as the new Prime Minister of Pakistan,” Kakar wrote on social media platform X. “May your tenure bring prosperity, progress, and unity to our beloved nation. Amen.”

Sharif, who served previously as prime minister after ex-PM Imran Khan was ousted from office via a parliamentary vote in April 2022, will have several challenges to deal with. His main role will also be to maintain ties with the military, which has directly or indirectly dominated Pakistan since independence. Unlike his elder brother, who has had a rocky relationship with the military in all his three terms, the younger Sharif is considered more acceptable and compliant by the generals, most independent analysts say.

Sharif also takes over at a time when the new government will need to take tough decisions to steer the country out of financial crisis, including negotiating a new bailout deal with the International Monetary Fund (IMF). The current IMF program expires this month. A new program will mean committing to steps needed to stay on a narrow path to recovery, but which will limit policy options to provide relief to a deeply frustrated population and cater to industries that are looking for government support to spur growth.

Although defense and key foreign policy decisions are largely influenced by the military, Sharif will have to juggle relations with the US and China, both major allies. He is also faced with dealing with fraying ties with three of Pakistan’s four neighbors, India, Iran and Afghanistan. Pakistan is also facing a troubling rise in militancy, which Sharif’s government will have to immediately tackle.


Ex-president Alvi denies being picked to head PTI amid reports of talks with army

Updated 47 min 1 sec ago
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Ex-president Alvi denies being picked to head PTI amid reports of talks with army

  • The statement came amid speculation about Alvi being made PTI chairman to resolve party’s issues with establishment
  • These speculations create confusion in a party whose leadership is ‘wrongfully and unjustly incarcerated,’ Alvi says

ISLAMABAD: Arif Alvi, former president and a close aide of jailed former prime minister Imran Khan, on Saturday denied being appointed chairman of Khan’s Pakistan Tehreek-e-Insaf (PTI) opposition party.

The statement came amid widespread speculation about Alvi being made the PTI chairman to resolve the party’s issues with the powerful military establishment whom Khan has accused of sidelining him, according to some media reports.

The reports suggested the former president had been tasked with the “important” job following his meeting with Khan at Adiala jail in Rawalpindi, however, Alvi denied these reports.

“There is unnecessary speculation that Mr.@ImranKhanPTI intends to appoint me as Chairman of the party. There is no such thing being envisaged by my leader nor was it discussed in my meeting with him,” he said on X.

“These speculations create confusion in a party whose leadership is wrongfully & unjustly incarcerated.”

Alvi said the incumbent PTI chairman Gohar Khan was leading the party well. “I would like to put this inaccurate non-issue to rest with a clear denial,” he added.

Alvi’s meeting with Khan came a day after the ex-premier reportedly turned down the Pakistani military’s demand to apologize for the violent protests, allegedly staged by his supporters over his brief arrest in a graft case, that targeted military installations and public property on May 9, 2023.

Hundreds were arrested in the aftermath and some were tried by military courts after the authorities promised to bring the perpetrators and instigators of the violence to justice.

During the alleged crackdown against the PTI, Alvi, who was the then president, was said to be making efforts to bridge the gap between his party and Pakistan’s powerful military.

Khan was ousted in 2022 after falling out with Pakistan’s powerful military leaders who many say backed him into power in 2018. In opposition, he waged an unprecedented campaign of defiance against the military establishment which has directly ruled the South Asian nation for nearly half of its history.

Arguably Pakistan’s most popular politician, Khan says the cases against him are “politically motivated,” aimed at keeping him from returning to power. The military denies it.


Chinese-Pakistani firm SLM Tyres to invest Rs300 billion in Pakistan

Updated 41 min 26 sec ago
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Chinese-Pakistani firm SLM Tyres to invest Rs300 billion in Pakistan

  • The development came during SLM Tyres Chairman Jin Yongsheng’s meeting with PM Shehbaz Sharif in Lahore
  • Jin lauded the government’s investment-friendly policies and appreciated the measures to prevent smuggling

LAHORE: Service Long March (SLM) Tyres, a Chinese-Pakistani joint venture, has decided to invest an additional Rs300 billion in Pakistan that will help create new job opportunities and increase its exports, Pakistani state media reported on Friday.

The development came during Service Long March Tyres Chairman Jin Yongsheng’s meeting with Prime Minister Shehbaz Sharif in the eastern city of Lahore.

SLM Tyres, a joint venture of Servis Group and Chaoyang Long March, is Pakistan’s first all-steel radial tire manufacturer for trucks and buses. It aims to provide “best value for money” tires to Asian and Western countries.

During the meeting, Jin lauded the Pakistani government’s investment-friendly policies and appreciated measures to prevent smuggling, the state-run APP news agency reported.

“Jin Yongsheng said that the new investment would help produce 1000 new jobs whereas the company’s exports from Pakistan might also reach $100 million annually by 2025,” the report read.

SLM ownership comprises 51 percent shareholding of Servis Group, 44 percent of Chaoyang Long March Co. Ltd. and 5 percent of Myco Corporation. The $300 million venture has been given the status of Sole Enterprise Special Economic Zone (SESEZ) by Pakistan.

Pakistan, which narrowly averted a default last year, thanks to $3 billion International Monetary Fund (IMF) bailout, is currently looking to attract foreign investment to support its fragile, $350 billion economy.

Over the last one year, the South Asian country has signed investment deals worth billions of dollars with friendly countries.

During Friday’s meeting, PM Sharif welcomed the decision of Service Long March Tyres Group to expand its operations in Pakistan, saying his government was taking measures on priority to boost investment in the country.

“A comprehensive framework was being shaped up to further facilitate the business community and the investors,” Sharif was quoted as saying.


More than 3,400 Pakistani Hajj pilgrims arrive in Madinah via 15 flights

Updated 11 May 2024
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More than 3,400 Pakistani Hajj pilgrims arrive in Madinah via 15 flights

  • Pakistan on Thursday launched its pre-Hajj flight operation which will continue till June 9
  • Out of all, seven flights were operated from Islamabad, Karachi under Makkah Route initiative

ISLAMABAD: More than 3,400 Pakistani Hajj pilgrims have arrived in Madinah via 15 flights during the first two days of the country’s pre-Hajj flight operation, Pakistani state media reported on Friday.

Out of these, seven flights were operated from Islamabad and Karachi under the Makkah Route project, an initiative of the Saudi government to streamline the immigration process for pilgrims.

Currently, only Islamabad and Karachi airports in Pakistan are functioning under the initiative to facilitate pilgrims during the Hajj days.

“Filled with excitement and devotion, the pilgrims, who have been preparing for this moment for years, stepped foot in the Prophet’s (SAW) city, marking the beginning of the Hajj season,” the state-run APP news agency reported.

“Approximately three million pilgrims from around the world, including 179,210 Pakistanis, will converge on the holy cities to perform the sacred Hajj.”

From the airport, the passengers were transported to residential buildings located in Markazia, some 20-minute away from the Prophet’s Mosque.

Hajj is one of the five pillars of Islam, and requires every adult Muslim to undertake the journey to the holy Islamic sites in Makkah at least once in their lifetime, if they are financially and physically able.

Pakistan has a Hajj quota of 179,210 pilgrims this year, according to the Pakistani religious affairs ministry. Of them, 63,805 pilgrims will be performing the pilgrimage under the government scheme, while the rest would be accommodated by private tour operators.

Pakistan began its pre-Hajj flight operation on May 9, which will continue till June 9. This year’s pilgrimage is expected to run from June 14 till June 19.


Pakistan signs contract with consulting giant McKinsey in push to digitize tax collection system 

Updated 11 May 2024
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Pakistan signs contract with consulting giant McKinsey in push to digitize tax collection system 

  • IMF-led structural reforms require Pakistan to raise tax to GDP ratio from around 9 percent to 13 percent-14 percent
  • Global lender wants Pakistan to broaden its existing tax base and improve tax administration

KARACHI: Pakistan signed an agreement with McKinsey and Company on Friday for the digitalization of its tax system, the finance ministry said, as the South Asian nation strives to deliver reforms amid talks with the International Monetary Fund for a new bailout loan.

Among reforms the IMF will likely push for a new package, like the last two packages, are strengthening public finances including through gradual fiscal consolidation, broadening the existing tax base, improving tax administration, and debt sustainability.

In a media brief in December 2023, Pakistan’s main tax collection agency, the Federal Board of Revenue (FBR), said the country had a “very narrow tax base” of around 5.2 million people in 2022, out of a population of 240 million people. The FBR said it plans to add 1.5 million new taxpayers to the existing base during the current fiscal year.

A high-level meeting was held at the FBR headquarters on Friday, following the signing of the contract with the global consulting firm, McKinsey and Company. The meeting was attended by officials from the ministry of finance, FBR, McKinsey and Karandaaz, a not-for-profit company promoting access to finance for small and medium sized enterprises and financial inclusion for individuals.

“The digitalization of the tax system is a pivotal step toward modernizing tax collection which will enhance transparency and revenue growth,” the finance division said in a statement.

“Digital transformation is a key priority for the government, and this collaboration [with McKinsey] underscores the government’s commitment to improving tax collection for promoting sustained economic growth. We look forward to seeing the positive impact of this initiative on Pakistan’s economy,” Finance Minister Muhammad Aurangzeb was quoted as saying in the statement. 

FBR Chairman Malik Amjed Zubair Tiwana said FBR was committed to enhancing revenue collection by leveraging technology to modernize its operations.

“This project [with McKinsey] is a significant step toward achieving FBR’s goals of transparency and efficiency to better serve the people of Pakistan,” Tiwana added. 

With a chronic balance of payment crisis, Pakistan needs $24 billion in payments for debt and interest servicing in the next fiscal year starting July 1 — three times more than its central bank’s foreign currency reserves.

The South Asian nation is seeking yet another long-term, larger IMF loan, with finance minister Aurangzeb saying Islamabad could secure a staff-level agreement on the new program by early July.

If successful, this would be the 25th IMF bailout for Pakistan.

The IMF-led structural reforms require Pakistan to raise its tax to GDP ratio, stop losses in state-owned enterprise and manage its energy sector losses which run into trillions of rupees. 

Pakistan’s finance ministry expects the economy to grow by 2.6 percent in the current fiscal year ending June, while average inflation is projected to stand at 24 percent, down from 29.2 percent in fiscal year 2023/2024.

Inflation soared to a record high of 38 percent last May but eased to 17.3 percent this April after staying above 20 percent for almost two years


Balbirnie leads Ireland to T20 win over Pakistan

Updated 11 May 2024
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Balbirnie leads Ireland to T20 win over Pakistan

  • The opener’s innings was pivotal as Ireland reached a target of 183 with a ball to spare
  • It was Ireland’s second win against Pakistan since their shock triumph at 2007 World Cup

DUBLIN: Andrew Balbirnie’s 77 helped guide Ireland to their first victory over Pakistan in 17 years as they won the opening Twenty20 international by five wickets in Dublin on Friday.

The opener’s innings was pivotal as Ireland reached a target of 183 with a ball to spare.

Victory gave Ireland a 1-0 lead in a three-match series against a Pakistan side they will also face in the group stage of next month’s T20 World Cup in the United States and the West Indies.

It was just Ireland’s second win against Pakistan following their shock triumph at the 2007 50-over World Cup.

Pakistan skipper and star batsman Babar Azam top-scored for the tourists on Friday with 57 in a total of 182-6 that also featured Saim Ayub’s 45.

“I didn’t watch the last over. (I) went to the tent and put a towel over my head,” said Balbirnie, who shared a third-wicket stand of 77 with Harry Tector, at the presentation ceremony.

“I felt it was my job to get the team over the line... Harry said if we could bat normally till the 13th over, we could get the runs. That was a partnership which set it up.”

Azam, meanwhile, absolved his bowlers of blame for the defeat.

“I think 190 would have been a par score,” he said.

“We lost in the fielding and batting. (I) don’t think we executed the plans. Few fielding lapses cost us.

“We attacked in the first six overs but didn’t finish well.”

Ireland needed 40 to win from the last four overs, with Abbas Afridi dismissing George Dockrell for 24.

Next over, with Ireland requiring another 28 from 17 balls, Shadab Khan gave Balbirnie a reprieve by failing to hold a tough chance.

Come the penultimate over, Ireland’s target was down to 19.

But Pakistan quick Shaheen Shah Afridi bowled Balbirnie with a low full toss to end the opener’s impressive 55-ball innings, which featured 10 fours and two sixes.

With Ireland needing 11 off the last over, Curtis Campher under-edged a boundary off Abbas and eventually sealed victory with a leg bye.

The teams meet again in Dublin on Sunday and Tuesday.