BEIJING: A Chinese foreign ministry spokesperson, while commenting on the meeting of Afghanistan Pakistan Action Plan for Peace and Solidarity (APAPPS) on Tuesday said this consensus could create a sound environment for peace and stability in Afghanistan as well as peace and development of the two countries and the region.
“We believe this consensus can create a sound environment for peace and stability for Afghanistan as well as peace and development of the two countries and the region,” Lu Kang said during his regular press briefing held here.
Both Afghanistan and Pakistan had agreed in the meeting held in Islamabad on Monday that effective and full implementation of APAPPS would contribute toward the common objectives of eliminating terrorism and achieving peace, stability, prosperity, and development of the people of the two countries.
The spokesperson said as a neighbor and friend of the two states, the Chinese side was willing to play a constructive role in this regard and promote trilateral cooperation.
In pursuance of the seven principles agreed in the meeting between Afghan President Ashraf Ghani and Prime Minister Shahid Khaqan Abbasi during his visit to Kabul last month, the two sides had finalized the Afghanistan Pakistan Action Plan for Peace and Solidarity (APAPPS).
APAPPS provides a framework to strengthen mutual trust and deepen interaction in all spheres of bilateral engagements. It is also a mechanism for finding solutions to bilateral areas of concern.
Pak-Afghan consensus may create sound environment for peace, development in region — China
Pak-Afghan consensus may create sound environment for peace, development in region — China
- Both Afghanistan and Pakistan had agreed in the meeting held in Islamabad on Monday that effective and full implementation of APAPPS would contribute toward the common objectives of eliminating terrorism and achieving peace
- A Chinese foreign ministry spokespersons aid as a neighbor and friend of the two states, the Chinese side was willing to play a constructive role in this regard and promote trilateral cooperation
Pakistani investment firm, real estate developer launch country’s first Shariah-compliant hotel REIT
Pakistani investment firm, real estate developer launch country’s first Shariah-compliant hotel REIT
- Real estate investment trusts allow investors exposure to property markets without directly owning assets
- The REIT will finance a 139-room hotel in Hyderabad under a franchise deal with a global hospitality brand
KARACHI: A Pakistani investment firm on Wednesday announced the launch of what it described as the country’s first Shariah-compliant real estate investment trust (REIT) focused on the hospitality sector.
A REIT is a regulated investment vehicle that pools capital from investors to finance income-generating real estate, offering returns through rent or capital gains. It provides exposure to the property market without direct ownership of assets.
JS Investments Limited, one of Pakistan’s oldest private-sector asset and REIT managers, has partnered with real estate developer Gohar Group of Companies to establish the JS Hotel REIT in Hyderabad district, located in the southeastern Sindh province.
“As the manager of Pakistan’s first hotel REIT, we are pleased to offer investors a professionally managed and regulated investment vehicle backed by international hospitality standards,” the statement quoted Iffat Zehra Mankani, CEO of JS Investments Limited, as saying.
The REIT will finance the development of a 139-room hotel in Hyderabad under a franchise agreement with an international hospitality brand. The fund is currently open to accredited local and foreign investors through private placement.
The statement added the Securities and Exchange Commission of Pakistan (SECP) had granted regulatory approval for the fund, which is not being offered to the general public at this stage.
Pakistan’s REIT market remains small, though regulatory reforms in recent years have aimed to draw institutional investment into real estate through both conventional and Islamic finance structures.
The project will also feature environmentally responsible construction, according to the statement.
Pakistan PM directs task force to propose budget plan for low-cost housing
- Pakistan faces a housing crisis, with the shortage particularly acute in urban areas
- PM says ahead of the budget low-cost housing is his administration’s top priority
ISLAMABAD: Prime Minister Shehbaz Sharif said on Wednesday his administration is prioritizing the development of low-cost housing while directing a task force to present financing recommendations to include the facility in the upcoming budget.
Pakistan has been facing a housing crisis, with the World Bank suggesting two years ago it was short of an estimated 10 million housing units. The shortage is particularly acute in urban areas due to rapid population growth, unregulated expansion and high land and construction prices.
The federal budget, which will be presented to the National Assembly next month, is expected to outline measures to tackle the crisis as the new fiscal year begins in July.
“The government’s foremost priority is to facilitate access to housing through low-cost schemes,” Sharif said during a task force meeting to address the issue.
“Such projects will not only make residential units accessible to the common man but also stimulate economic growth and create employment opportunities,” he continued.
The prime minister instructed the task force to work with the finance ministry and banks to prepare detailed financing proposals for affordable housing, with the aim of making them part of the upcoming budget.
He also emphasized that developing the construction sector was key to sustainable economic growth.
Officials briefed the prime minister on ongoing reforms to the Condominium Act 2025 and Foreclosure Law, saying they were in their final stages and were expected to ease access to housing loans under the new schemes.
Pakistan says India using ‘terrorism’ as foreign policy tool after school bus attack in Balochistan
- New Delhi rejects Pakistan’s allegation, calls it an attempt to deflect responsibility for internal failures
- PM Sharif visits Balochistan after school bus bombing kills three children, leaves eight critically wounded
KARACHI: Pakistan urged the international community on Wednesday to condemn what it called India’s use of “terrorism” as a foreign policy tool, after a vehicle-borne improvised explosive device targeted a school bus in the southwestern Balochistan province, killing at least three children and injuring 39 others, including eight critically.
Balochistan, Pakistan’s largest province by landmass and rich in mineral resources, has long faced an insurgency led by separatist groups who accuse Islamabad of exploiting local resources while neglecting the population. The government denies the claims, citing investments in health, education and infrastructure.
In recent months, the insurgency has intensified, with groups like the Balochistan Liberation Army (BLA) carrying out high-casualty attacks on civilians and security forces, including taking hostages at a passenger train. Pakistan says it has evidence linking India to these attacks, though New Delhi has denied involvement and distanced itself from the Khuzdar school bombing.
However, Islamabad described the attack as a “sequel” to India’s missile and drone strikes earlier this month, accusing New Delhi of deploying militant proxies to destabilize the country, as Prime Minister Shehbaz Sharif and Field Marshal Asim Munir visited the region to meet injured children in hospital.
“These terrorist groups — masquerading under ethnic pretenses — are not only being exploited by India as instruments of state policy, but also stand as a stain on the honor and values of the Baloch and Pashtun people, who have long rejected violence and extremism,” said a statement issued by the PM Office after Sharif’s visit to Quetta.
“India’s reliance on such morally indefensible tactics, particularly the deliberate targeting of children, demands urgent attention from the international community,” it added. “The use of terrorism as a tool of foreign policy must be unequivocally condemned and confronted.”
The prime minister and the accompanying delegation was briefed by Balochistan’s Chief Minister Sardar Sarfraz Bugti and local military officials on the attack, which also killed two soldiers and injured 53 people in total.
The official statement said Pakistan’s security forces and law enforcement agencies “will relentlessly pursue all those involved in this barbaric act,” vowing to bring “the architects, abettors and enablers of this crime” to justice.
It added the incident had exposed India’s “cunning role” to the world, revealing how it orchestrated militant violence while simultaneously portraying itself as a victim.
India’s Ministry of External Affairs earlier in the day rejected Pakistan’s allegations, describing them as Islamabad’s attempt to deflect responsibility for its own failings and internal issues.
The latest attack follows a brief military standoff between the two countries earlier this month, which ended in a ceasefire on May 10.
While hostilities along the border have subsided, both sides continue to trade diplomatic barbs, accusing each other of sponsoring terrorism and destabilizing the region.
The attack in Khuzdar, which targeted children en route to an army-run school, was condemned by US Chargé d’Affaires Natalie Baker and UNICEF in separate statements.
It was also reminiscent of one of the deadliest militant attacks in Pakistan’s history when over 130 children were killed in a military school in the northern city of Peshawar in 2014. That attack was claimed by the Pakistani Taliban group.
India expels second Pakistani diplomat amid ongoing tensions
- India declares Pakistani diplomat persona non grata, orders him to leave the country within 24 hours
- India expelled another Pakistani diplomat on May 13, prompting a tit-for-tat response from Islamabad
ISLAMABAD: India has expelled a second Pakistani diplomat within ten days, declaring him persona non grata for activities “not in keeping with his official status,” the external affairs ministry in New Delhi announced on Wednesday.
The move comes amid heightened tensions between the two countries following a military standoff earlier this month. Despite a ceasefire agreement reached on May 10, diplomatic relations between the nuclear-armed neighbors remain strained.
“The Government of India has declared a Pakistani official, working at the Pakistan High Commission in New Delhi, persona non grata for indulging in activities not in keeping with his official status in India,” the Indian ministry said in its statement.
“The official has been asked to leave India within 24 hours,” it added.
This is the second such expulsion in recent weeks. On May 13, India expelled a Pakistani diplomat on similar grounds. In response, Pakistan declared an Indian High Commission staffer in Islamabad persona non grata.
The Indian ministry also summoned the Charge d’Affaires of the Pakistan High Commission to issue a demarche, emphasizing that Pakistani diplomats must not “misuse their privileges and status in any manner.”
As of now, Pakistan’s foreign office has not responded to the latest development.
Pakistan’s health minister assures Palestinian counterpart of medical support
- Syed Mustafa Kamal meets Dr. Maged Abu Ramadan at the World Health Assembly in Switzerland
- Israel has repeatedly targeted hospitals and health workers in Gaza, causing international concern
ISLAMABAD: Pakistan’s health minister Syed Mustafa Kamal informed his Palestinian counterpart that a framework has been developed to provide medical assistance to the people of Gaza, according to an official statement on Wednesday, during a meeting on the sidelines of the 78th World Health Assembly in Switzerland.
Kamal’s meeting with the Palestinian health minister, Dr. Maged Awni Muhammad Abu Ramadan, took place at a time when Israeli forces have repeatedly targeted hospitals and health facilities in Gaza, crippling the enclave’s health care system.
Israeli attacks have also led to international concern over violations of humanitarian norms in the war-torn Palestinian territory.
“We stand with our Palestinian brothers and will provide all possible medical support to heal their wounds,” the health ministry quoted Kamal as saying.
He strongly condemned Israel’s targeting of hospitals and health care workers, urging the international community to take concrete action to end the atrocities against Palestinians, including women and children.
“The brutality and oppression must stop,” he was quoted as saying. “The world must hold Israel accountable.”
Earlier this week, Pakistan condemned Israel’s targeting of hospitals in Gaza and described its announcement of taking control of the entire Palestinian territory as a “grave threat” to regional peace.
The remarks by the Pakistani foreign office came after Israeli Prime Minister Benjamin Netanyahu declared his government wanted to take control of the Gaza Strip.
