Pakistan PM says new IMF terms ‘won’t be easy’ ahead of bailout talks in spring

Pakistan Prime Minister Shehbaz Sharif chairs the meeting of the federal cabinet in Islamabad on March 20, 2024. (Photo courtesy: Prime Minister's Office)
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Updated 04 April 2024
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Pakistan PM says new IMF terms ‘won’t be easy’ ahead of bailout talks in spring

  • The prime minister says it is important to seek fresh IMF loan to ensure macroeconomic stability
  • Sharif announces inquiry into suspected anthrax-laced letters sent to judges in Pakistani courts

ISLAMABAD: Prime Minister Shehbaz Sharif acknowledged that the terms of another long-term loan from the International Monetary Fund (IMF) would not be easy during the federal cabinet meeting on Thursday, though he reiterated it was important for the country to seek a fresh bailout facility to ensure macroeconomic stability.
Pakistan has faced significant financial challenges in recent years, forcing it to rely on external borrowing. The country successfully carried out structural reforms under a $3 billion short-term IMF loan signed last year which came to an end this month.
The government now seeks a bigger loan from the international lending agency to effectively deal with its financial commitments during its five-year term.
“We are expecting the last installment $1.1 billion under the standby agreement with the IMF this month,” he told the members of his cabinet. “We will receive it after the IMF board’s approval. With this, the finance minister [Muhammad Aurangzeb] will to Washington with his team, where he will conduct spring meetings and discuss a new program with the IMF.”
“We think that another program with the IMF is very important for us which can bring stability to the economy and ensure trust from international institutions,” he continued. “The contours of the new program will be revealed once the talks are initiated and certainly the IMF terms are not going to be easy. But we plan to put less burden on the underprivileged and those who are already paying taxes and shift it toward those who can pay [taxes].”
LETTERS TO JUDGES
The prime minister also announced the government would probe the letters suspected to be laced with anthrax which were sent to judges of Pakistani courts this week, vowing to get to the bottom of the incident.
The incident targeted judges of the country’s superior and higher judiciary just as the country’s top court started looking into a case related to the alleged meddling of Pakistan’s spy agencies into judicial matters.
The case was initiated after six Islamabad High Court judges complained last week the country’s intelligence agencies had been using intimidation and coercive tactics to influence judicial verdicts.
“The letters sent to various judges in which suspicious powder was reportedly found, I think we should observe patience and not let any politics come in this,” Sharif said during the meeting.
“The government of Pakistan, with a sense of responsibility, should hold an inquiry into this matter so that the truth is made clear.”

 


Pakistan says offering ‘most cost-effective’ Hajj package in region

Updated 15 sec ago
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Pakistan says offering ‘most cost-effective’ Hajj package in region

  • Pakistan has a Hajj quota of 179,210 pilgrims this year
  • 63,805 people to undertake pilgrimage on government scheme

ISLAMABAD: Zia-ur-Rehman, the director of the Pakistan Hajj Mission in Madinah, has said the government was offering its citizens the ‘most cost-effective’ Hajj package among regional countries through its official scheme, state media reported on Thursday.
Pakistan has a Hajj quota of 179,210 pilgrims this year, of which 63,805 people will perform the pilgrimage under the government scheme while the rest will use private tour operators. This year’s Hajj is expected to run from June 14-19.
“This [Pakistan] package is priced at 14,300 Saudi Riyals, which includes meals, whereas comparatively neighboring India’s package costs 15,000 Saudi Riyals without meals,” Rehman said in an interview with the APP news agency.
“This price difference highlights the efforts of the Pakistani government to make the Hajj pilgrimage more accessible and affordable for its citizens. The package duration is 40 days, and there is a minimum expense of 1,400 Riyals per pilgrim.”
Rehman said the Pakistan Hajj Mission had made “elaborate food arrangements” for intending pilgrims who would perform Hajj under the government scheme and were currently staying in Madinah.
Seven top catering companies operating in Madinah had been selected to provide three meals a day to the guests after a competitive bidding process which 29 companies took part in.
“The hiring process, initiated in November last year following approval from the federal cabinet, was completed in due course of time, ensuring quality food and hygiene standards at a rate of 35 Saudi Riyal per person,” Rehman said.
“Designated officials have been deployed in the kitchens of the catering companies to closely monitor the entire process, from storing meals to transporting food in refrigerated units for distribution to pilgrims at their residences, under close scrutiny.”
Pakistan’s religion ministry has confirmed that over 15,000 pilgrims from the country had already arrived in Saudi Arabia ahead of the Hajj pilgrimage since a Hajj flight operation started on May 9. The government has also set up two control rooms, one each in Makkah and Madinah, to facilitate pilgrims.


Climate change effects reduce Pakistan mango production for third consecutive year — union

Updated 28 min 3 sec ago
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Climate change effects reduce Pakistan mango production for third consecutive year — union

  • Export target for mangoes reduced from last year’s 125,000 metric tons to 100,000 
  • Union calls on government to develop new mango varieties compatible with climate change

KARACHI: The All Pakistan Fruit and Vegetable Exporters Association said on Thursday there was a “significant reduction” in mango production for a third consecutive year due to climate change, which meant the country may not be able to meet its export targets.
The Association has set a target of 100,000 metric tons of mango exports in the current season, with exports expected to start from May 20 with a focus on China, America, Turkiye, Japan, Iran, Afghanistan and Central Asia.
“The impact of climate change is having a pronounced negative impact on mango orchards in Pakistan, leading to a significant reduction in production and due to non-availability of export quality mangoes, the export target could not be attained last year as well,” Waheed Ahmed, patron-in-chief of the All Pakistan Fruit and Vegetable Exporters Association, said in a statement. 
“This year the export target has been set at 100,000 metric tons, whereas last year the export target was 125,000 metric tons but the export of mango remained at 100,000 metric tons.”
Pakistan produces around 1.8 million metric tons of mangoes annually, of which 70 percent are produced in Punjab province, 29 percent in Sindh and one percent in Khyber Pakhtunkhwa. 
“This year, due to weather effects, the production of mango in Punjab is 35-40 percent, while in Sindh it is less than 20 percent and thus the total production is feared to be reduced by 0.6 million metric tons,” Ahmed said. “This estimate was made at the start of production and is likely to increase further as the season progresses.”
With an export target of 100,000 metric tons of mangoes during the current season, Pakistan could earn foreign exchange of $90 million, Ahmed said, adding that the sector, including mango processing, packaging and warehousing, was an over Rs100 billion industry that provided employment to millions of people. 
“The sector is facing problems due to significant increases in costs of electricity, gas, transportation, garden maintenance, pesticides and water management, making it difficult to compete for exports,” Ahmed said.
“The effects of climate change have emerged as the biggest threat to mango production, which can well be gauged from the fact that mango production has declined for the third year in a row.”
Ahmed said long winters, rains and hail, combined with severe heat waves, had changed the pattern of agricultural diseases in Pakistan:
“There is certainly a lack of serious efforts at the federal and provincial levels to protect the agricultural sector from the effects of climate change, particularly through research enabling the orchards of mangoes and other fruits to develop sufficient endurance to sustain against the tough weather conditions and reduction in disease resistance. Research-based solutions must be found urgently to address this, otherwise mango production and export will be at risk.”
The association called on federal and provincial agricultural research centers to work on an emergency basis to help farmers deal with the effects of climate change.
“In order to continue the production and export of mangoes, it is imperative to develop new varieties of mangoes that are compatible with the climatic changes in Pakistan,” Ahmed said.
“Similarly, prevention of diseases and supply of suitable agricultural pesticides are also needed to minimize the effects of climate change.”


Pakistan vows to track masterminds of attack on Chinese engineers during deputy PM’s Beijing visit

Updated 18 min 13 sec ago
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Pakistan vows to track masterminds of attack on Chinese engineers during deputy PM’s Beijing visit

  • Ishaq Dar reaffirms Pakistan’s commitment to the regional connectivity initiative launched by China’s Xi Jinping
  • The two countries express satisfaction at their expanding space cooperation and agree to build on it further

ISLAMABAD: Pakistan vowed to pursue the masterminds behind a suicide attack that claimed the lives of five Chinese engineers earlier this year while reaffirming its commitment to the regional connectivity initiative launched by President Xi Jinping’s administration during Deputy Prime Minister Ishaq Dar’s three-day visit to Beijing.
According to a statement issued by the foreign office of Pakistan on Thursday, Dar, who is also the foreign minister, began his trip to China on May 13 where he co-chaired the Fifth Round of China-Pakistan Foreign Ministers’ Strategic Dialogue with his counterpart Wang Yi before concluding his visit.
During his stay in Beijing, the two sides discussed multiple global and regional challenges, including the second phase of the multibillion-dollar China-Pakistan Economic Corridor (CPEC).
The foreign office said both countries condemned the March 26 suicide attack on the Chinese workers who were on their way to the Dasu Hydropower Project in the northwestern Khyber Pakhtunkhwa province.
“In keeping with its ironclad friendship with China, the Pakistani side would hunt down the perpetrators and bring them to justice, take more effective security measures, and make all-out efforts to ensure the safety of Chinese personnel, projects and institutions in Pakistan,” the statement said while providing details of the discussions between both countries.
Pakistan’s military spokesperson, Maj. Gen. Ahmed Sharif, said last week the attack was planned in “terrorist sanctuaries” in neighboring Afghanistan while addressing a news conference.
His assertion came amid accusations from officials in Islamabad that the administration in Kabul was not doing enough to prevent groups like banned Tehreek-e-Taliban Pakistan (TTP) from launching cross-border attacks.
“The two sides reiterated their commitment to combating terrorism in all its forms and manifestations with a ‘zero tolerance’ attitude, and agreed to further strengthen cooperation in counter-terrorism and security through a comprehensive approach,” the foreign office continued.
Pakistan also agreed to work with China to support high-quality Belt and Road cooperation and forge an upgraded CPEC version by jointly building growth, livelihood, innovation and green corridors and aligning them with Pakistan’s development framework and priorities.
“The two sides agreed to accelerate progress on major connectivity projects including upgradation of ML-1 [railway infrastructure], the Gwadar Port, realignment of Karakoram Highway Phase II, strengthen cooperation in agriculture, industrial parks, mining, information technology and other fields according to local conditions, and enhance Pakistan’s capacity for sustainable development,” the foreign office informed.
“The two sides believe that the Khunjerab pass plays an important role in promoting bilateral trade and people-to-people exchanges, and agreed to speed up efforts to make sure that the Khunjerab Pass can function all year round,” it continued.
The two sides also agreed to strengthen communication and coordination over issues related to Afghanistan, calling for concerted efforts of the international community to help deal with the humanitarian situation in that country.
They agreed to play a positive and constructive role in helping Afghanistan achieve stable development and integrate into the international community.
Additionally, Pakistan and China expressed satisfaction at their expanding space cooperation and agreed to further build on it for a peaceful and mutually-beneficial exploration of space.
Earlier this month, Pakistan sent an imaging device in outer space as part of China’s Chang’e-6 lunar mission.


Pakistan establishes Hajj control rooms in Makkah, Madinah to facilitate pilgrims

Updated 16 May 2024
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Pakistan establishes Hajj control rooms in Makkah, Madinah to facilitate pilgrims

  • Around 15,819 Hajj pilgrims have arrived in Saudi Arabia weeks before Hajj 2024 kicks off 
  • Hajj control rooms in Makkah and Madinah are open 24 hours a day, says Pakistani official

ISLAMABAD: Pakistan has established two control rooms, one each in the holy cities of Makkah and Madinah to facilitate Hajj pilgrims, the religion ministry confirmed on Wednesday, as thousands of Pakistanis continue to arrive in Saudi Arabia ahead of the annual Islamic pilgrimage. 
Pakistan’s Ministry of Religious Affairs (MoRA) has confirmed that around 15,819 pilgrims from the country have arrived in Saudi Arabia weeks before the Hajj begins. 
This year, 179,210 Pakistanis will perform Hajj under government and private schemes. Pakistan kicked off a month-long flight operation last week. Five airlines— PIA, Saudi Airlines, Airblue, Serene Air, and Air Sial— will operate 259 flights from eight major Pakistani cities to Jeddah and Madinah till June 9.
The government intends to facilitate thousands of Pakistani pilgrims through Hajj control rooms to ensure their pilgrimage remains free from hassles.
“We have established two control rooms: a main control room in Makkah and a branch office in Madinah to facilitate the pilgrims,” Muhammad Umer Butt, a religious affairs ministry spokesperson, told Arab News via phone from Madinah.
He said both control rooms in Makkah and Madinah would facilitate pilgrims 24 hours throughout the day. 
“All pilgrims are provided with a card they wear for identification, and on the back of each card, the control room numbers are listed so they can contact the control room by phone in case of any emergency or complain,” Butt explained. 
He said this year Pakistan has followed the Saudi government’s lead in digitizing Hajj through the Pak Hajj mobile application. Butt said the app provides all necessary information, including the ability to lodge complaints and track their status. 
“We have a live dashboard established in the control room under the complaint management system which showed all the details of complaints received and solved, movement of the pilgrims and other general queries,” he shared.
During the last seven days, the spokesperson said 195 complaints received through the Pak Hajj mobile app have been resolved, and 25 pilgrims who lost their way to their respective destinations in the holy cities were guided.
He added that the Loss and Found department located 111 bags and seven wheelchairs which were handed over to their owners. 
Butt said as Pakistani Hajj pilgrims were currently arriving in Madinah, the control room there was more active compared to the one in Makkah and was staffed with 54 personnel, and 18 Hajj assistants (Muaveneen). 
“These pilgrims will go to Makkah from May 17 after their eight-day stay in Madinah,” he said.
Butt said the Makkah control room was staffed with only eight people as Pakistani pilgrims have not started to arrive in the holy city yet.
“Along with this all adviseries issued by the Saudi government and Pakistani Hajj mission are also uploaded on the application through these control rooms,” he said.


PM Sharif to meet officials in Azad Kashmir today following deadly protests in region

Updated 16 May 2024
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PM Sharif to meet officials in Azad Kashmir today following deadly protests in region

  • The unprecedented protests against price hikes broke out last Friday and resulted in four fatalities
  • The protests were called off after Shehbaz Sharif’s administration approved $82 million in subsidies

ISLAMABAD: Prime Minister Shehbaz Sharif will embark on a daylong visit to Azad Kashmir on Thursday where he will interact with officials and visit the site of a hydropower project, just a few days after a massive public protest in the region resulted in at least four fatalities.
The unprecedented protests against price hikes broke out last Friday and spread across the semi-autonomous Himalayan territory under Pakistan’s administration.
One police officer was killed in the clashes while three protesters lost their lives in clashes taking place in different parts of the region.
The Jammu Kashmir Joint Awami Action Committee (JAAC), which organized the demonstrations, announced to end its protest on Tuesday after the Sharif administration approved $82 million in subsidies to provide relief to people who objected to the increase in flour prices and electricity tariffs.
“Prime Minister Muhammad Shehbaz Sharif will arrive in Muzaffarabad, Azad Jammu and Kashmir today for a one-day visit,” his office announced in a statement circulated in the morning. “A meeting will take place between the Prime Minister of Pakistan and the Prime Minister of Azad Jammu and Kashmir Chaudhry Anwar ul Haq.”
Sharif will also address the cabinet of the Government of Azad Jammu and Kashmir that will be broadcast by the state-owned news channel.
He will also meet with the leaders of the Kashmiri freedom movement.
“The Prime Minister will visit the Neelum-Jhelum Hydropower Project where he will be briefed,” the statement added.
Kashmir has been divided between India and Pakistan since their independence from Britain in 1947, with both countries ruling part of the territory, but claiming it in full.
Pakistan has frequently criticized New Delhi for mismanaging the portion of Kashmir under its rule, accusing it of rights violations while using its forces to suppress people and their aspirations.