ISLAMABAD: General Raheel Sharif, former Pakistan army chief and head of a Saudi-led, 41-country counterterrorism alliance, is on a two-day visit to Pakistan to meet senior military and civilians leaders, his aides said on Monday.
The media wing of the Pakistan army said Sharif called on Pakistani army chief Qamar Javed Bajwa and discussed “regional peace and stability.” No further details of the meeting were shared in the statement.
In 2015, Saudi state news agency SPA said a new Islamic Military Counter Terrorism Coalition would be established, and based out of Riyadh, it would “coordinate and support military operations” against terrorism. Sharif was formally appointed to head the alliance in January 2017.
Local media reported on Sunday night that Sharif would hold key meetings with top leaders while in Pakistan, including Senate Chairman Sadiq Sanjrani, Foreign Minister Shah Mehmoood Qureshi, Army Chief Bajwa and Joint Chiefs of Staff Committee General Zubair Mahmood Hayat.
The Pakistani foreign office could not be reached for comment on the agenda of Sharif’s meetings.
But a senior foreign office official confirmed that a delegation of the coalition was in Islamabad for talks with top military and political leaders. He declined to be named as he was not authorized to speak to the media on the record.
Defense analyst and close aide to Sharif, retired Lt. Gen. Amjad Shuaib, also confirmed that Sharif was leading a delegation for talks in Pakistan.
“The delegation of the Islamic Military Coalition led by General Raheel will interact with parliamentarians to address their concerns and questions about the Yemen conflict, besides having meetings with top civilian and military leadership,” Shuaib said.
Sharif’s appointment as the leader of the Saudi-led military alliance last year had sparked debate over what impact the move would have on Pakistan’s foreign policy, and particularly how it would affect a unanimous parliamentary resolution on Yemen calling for “neutrality in the conflict.”
Then defense minister Khurram Dastagir had informed Senate that the alliance would not take part in “unrelated military operations.”
During a visit of a Pakistani Senate delegation to the Islamic coalition’s headquarters in the Saudi capital of Riyadh last year, Sharif was reported by the Senate Secretariat to have said: “The Islamic military coalition was not formed to take action against any country, nation or sect. The primary objective of this institution is to counter terrorism and eliminate it.”
Sharif aide Shuaib also said the visiting delegation would seek “Pakistan’s support in intelligence sharing on terrorism, training of the coalition’s troops and purchase of arms and ammunition from Pakistan.”
Another close Sharif aide, who declined to be named, said the delegation would not be discussing security or other arrangements related to the upcoming visit of crown prince Mohammed Bin Salman later in February.
“Raheel Sharif’s visit has nothing to do with the crown prince and his visit,” the aide said. “That is not at all in the mandate of the military coalition’s work.”
Raheel Sharif leads Saudi military alliance on two-day Pakistan visit
Raheel Sharif leads Saudi military alliance on two-day Pakistan visit
- Meets army chief General Bajwa, discusses regional peace and stability
- Aides deny visit has anything to do with upcoming tour of Saudi crown prince
On World Press Freedom Day, Pakistan honors journalists killed in Gaza
- Israel’s war on Gaza has killed 232 journalists, an average of 13 per month, making it the deadliest conflict for media workers
- President Asif Ali Zardari says media is indispensable in promoting dialogue, highlighting social, economic and environmental issues
ISLAMABAD: Pakistan’s President Asif Ali Zardari on Saturday hailed journalists who lost their lives while reporting in conflict zones like Gaza, saying their dedication continues to inspire others.
The statement came on the World Press Freedom Day on May 3 that aims to raise awareness about the importance of press freedom and remind governments of their duty to respect and uphold the right to freedom of expression enshrined under Article 19 of the 1948 Universal Declaration of Human Rights.
Israel’s war on Gaza has killed 232 journalists – an average of 13 per month – making it the deadliest conflict for media workers ever recorded, according to a report by the Watson Institute for International and Public Affairs’ Costs of War project issued on April 1.
More journalists have been killed in Gaza than in both world wars, the Vietnam War, the wars in Yugoslavia and the United States war in Afghanistan combined. The 18-month Israeli war, which began after the Oct. 2023 attacks on Israel by Hamas, has also killed more than 52,000 Palestinians, laying waste to almost all of Gaza.
“[We] honor the sacrifices made by those who have lost their lives in pursuit of truth, especially reporting in conflict zones like Gaza and Palestine,” President Zardari said in his statement on the day.
“Their courage and dedication continue to inspire us.”
The media is indispensable in promoting dialogue, highlighting issues of social, economic and environmental significance, uncovering corruption and advocating for the marginalized communities, according to the Pakistan president.
Article 19 of the Constitution of Pakistan guarantees the right to freedom of speech and a free press, subject to “certain restrictions.”
Pakistan ranks 152nd out of 180 countries on Reporters Without Borders (RSF) press freedom index, and journalists in the country have long complained of increasing state pressure on traditional media. Social media platform X is officially banned, but accessible using VPNs, while YouTube and TikTok have faced bans in the past.
“We have taken a number of steps for the protection and welfare of journalists, but more needs to be done by providing them a safe, secure, and enabling environment,” Zardari said.
“A culture where journalists feel secure to perform their duties without fear and harassment is the need of the time. I urge the media to uphold the highest standards of journalism, accuracy, and professionalism.”
Pakistan will strike any Indian structure built to divert its water, minister says
- India suspended a key water-sharing treaty with Pakistan after an attack in Indian-administered Kashmir that New Delhi has blamed on Pakistan
- Pakistan has denied involvement in the attack that killed 26 tourists and described India’s suspension of the treaty as an ‘act of war’
ISLAMABAD: Pakistan will destroy any structure built by India to divert its share of water under the Indus Waters Treaty, Defense Minister Khawaja Asif said on Friday, amid heightened tensions between the two countries over an attack in the Kashmir region.
India suspended on April 23 the World Bank-mediated Indus Waters Treaty of 1960 that ensures water for 80 percent of Pakistani farms, saying it would last until “Pakistan credibly and irrevocably abjures its support for cross-border terrorism.”
The development came a day after an attack killed 26 tourists in Indian-administered Kashmir’s Pahalgam tourist town. India said two of the three militants who attacked tourists were from Pakistan. Islamabad denied the allegation and said any attempt to stop or divert the flow of Pakistan’s water will be considered an “act of war.”
Speaking to a private news channel on Friday night, Asif said diverting Pakistan’s water was also a “face of aggression” against the country and entire nations could die of thirst and hunger because of it.
“That will be aggression against Pakistan,” he said. “So, even if they made an architectural attempt of this kind, then Pakistan will destroy that structure.”
Pakistan has rights to the western rivers — Indus, Jhelum, and Chenab — for irrigation, drinking, and non-consumptive uses like hydropower, according to the Indus Waters Treaty. India controls the eastern rivers — Ravi, Beas, and Sutlej — for unrestricted use but must not significantly alter their flow. India can use the western rivers for limited purposes such as power generation and irrigation, without storing or diverting large volumes.
Asif’s comments came hours after Pakistan’s top generals blamed the April 22 attack on New Delhi’s “governance failures” and its strategy of using such incidents for political gains, warning Pakistani security forces were ready to respond to any attack on the country’s sovereignty.
Pakistan Army’s top brass gathered at the General Headquarters (GHQ) in Rawalpindi on Friday to review the geo-strategic environment, with a particular focus on the Pakistan-India standoff and the broader regional security situation, the military’s media wing, Inter-Services Public Relations (ISPR), said.
“The Forum noted, with serious concern, India’s consistent pattern of exploitation of crises to achieve political and military objectives. They have been following a predictable template — whereby internal governance failures are externalized,” the ISPR said.
“These incidents have often coincided with unilateral moves by India to alter the status quo, as seen in 2019 when India similarly exploited the Pulwama incident to unilaterally alter the status quo of Indian Illegally Occupied Jammu & Kashmir, through revocation of Article 370,” it added.
The 2019 Pulwama attack killed 40 Indian paramilitary personnel and was also blamed on Pakistan before New Delhi revoked the region’s special constitutional status to integrate it in the Indian union, a move repeatedly condemned by Islamabad.
Tensions have been high in the South Asian region since last week’s attack in Kashmir, a situation exacerbated by retaliatory actions between the two nuclear-armed rivals, including the expulsion of diplomats and citizens, border closures and airspace shutdowns.
Pakistan and India have a history of bitter relations. They have fought two of their three wars over Kashmir, a region split between them, since gaining independence from the former British colonial rule in 1947.
On Friday, Pakistan Prime Minister Shehbaz Sharif with envoys from Gulf allies and briefed them on Islamabad’s stance regarding the April 22 attack in Indian-administered Kashmir, seeking to defuse tensions.
The international community has encouraged both sides to exercise restraint and resolve the crisis through dialogue.
Pakistan’s factory PMI dips in early sign of global tariff headwinds
- New orders slumped while export orders in particular plummeted
- Employment fell for a second month as manufacturers cut costs
KARACHI: Pakistan’s manufacturing sector growth slowed to a seven-month low in April, with the HBL Pakistan Manufacturing Purchasing Managers’ Index (PMI)easing to 51.9 from 52.7 in March, as concerns over global trade weighed, HBL said in a press release.
The latest dip in the index hints at the impact of US President Donald Trump’s trade tariffs, said Humaira Qamar, Head of Equities & Research at HBL.
“We believe that the latest PMI dips are early signs of the headwinds to the global economy from the introduction of US tariffs,” said Humaira Qamar — Head Equities & Research at HBL.
New orders slumped while export orders in particular plummeted. Employment fell for a second month as firms cut costs, said Qamar.
Qamar warned that any US stagflation would hurt Pakistan’s exports, particularly to the US which accounts for 18 percent of its total, potentially prolonging the manufacturing downturn, though lower commodity prices could provide some relief, she added.
Despite the slowdown, the PMI remains above 50, indicating expansion amid a favorable inflation outlook.
Qamar said she expects an interest rate cut on Monday due to strong deflationary pressures. But a Reuters poll suggests Pakistan’s State Bank will hold rates steady at 12 percent, following a surprise pause in its last meeting due to geopolitical tensions and inflation concerns.
Pakistan’s annual inflation rate fell to 0.3 percent in April, well below the Ministry of Finance estimate of 1.5 percent to 2 percent. The central bank forecasts average inflation to be in the range of 5.5 percent to 7.5 percent for the fiscal year ending June.
Pakistan’s largest bank, HBL, and global financial information and analytics firm S&P Global launched the index In February to track the country’s manufacturing sector.
China’s BYD partners with local firms to launch largest EV charging network in Pakistan
- 128 DC fast chargers will be installed across Pakistan over the next three years
- Pakistan approved EV policy in 2019 with a target of 30 percent electric vehicles by 2030
KARACHI: China’s BYD, the world’s largest New Energy Vehicle (NEV) manufacturer and Pakistan’s Mega Motor Company (MMC) have partnered with Hub Power Company (HUBCO) to launch the country’s largest NEV charging network, the company said on Friday.
NEVs refer to alternative-fuel vehicles that rely on electric, hybrid, hydrogen or other non-traditional power sources instead of conventional gasoline or diesel engines
BYD, a global leader in battery-electric and plug-in hybrid vehicles, has expanded aggressively in Asia, Europe and Latin America. Mega Motor, a subsidiary of Pakistan’s HUBCO, is spearheading the local manufacturing, distribution and sales of BYD-branded vehicles.
“This nation-wide rollout of infrastructure marks one of the most significant developments in the country’s shift toward electric mobility by addressing a critical gap in Pakistan’s EV ecosystem and establishing the most extensive NEV charging network,” BYD said in a statement.
“As part of this strategic and groundbreaking roadmap, HGL will install approximately 128 DC fast chargers across the country over the next three years, with 50 installations planned by December 2025.”
It added that the charging points would be placed every 150-200 kilometers of highways and motorways along with malls, hotels and hospitals.
“Range anxiety remains one of the most significant barriers to NEV adoption across Pakistan,” BYD Pakistan Vice President Sales and Strategy Danish Khaliq said.
“Through this groundbreaking partnership with HUBCO Green, we are not just addressing a logistical issue but shaping the entire mobility landscape of the country.”
BYD and MMC partnered last year to introduce electric vehicles (EVs) in Pakistan, aiming to accelerate the country’s transition toward sustainable mobility.
The government approved the National Electric Vehicles Policy in 2019, setting a target of 30 percent EVs by 2030. In March, Pakistan inaugurated the country’s fastest EV charging station in Islamabad.
Earlier this year, Pakistan announced a 45 percent reduction in power tariffs for electric vehicle charging stations. The government is also planning financing schemes for e-bikes and the conversion of two and three-wheeled petrol vehicles.
According to a report submitted by the power ministry, there are currently more than 30 million two- and three-wheeled vehicles in Pakistan, which consume more than $5 billion worth of petroleum annually.
In January, China’s ADM Group revealed plans to invest $250 million in setting up an electric vehicle manufacturing plant in Pakistan.
Pakistan stocks slide on India tensions, key sectors lose up to 15% after Kashmir attack
- Foreign investors remained net sellers in April, taking their outflows since July to $252 million
- The market recovered some of its losses on Friday but remains volatile heading into next week
KARACHI: Pakistan’s renewed tensions with archrival India have weighed heavily on the country’s stock market, with key sectors like refineries posting losses of up to 15 percent since a gun attack killed 26 tourists in the disputed Kashmir region on April 22, according to analysts and market data on Friday.
India blamed Pakistan for the attack despite Islamabad’s denial and call for a neutral probe. The escalation, which has seen border closures, tit-for-tat diplomatic expulsions and fears of military confrontation between the nuclear-armed neighbors, has drawn international concern.
The KSE-100 Index, Pakistan’s benchmark stock gauge, fell 6 percent over six trading sessions following the attack, according to Pakistan Stock Exchange (PSX) data.
The market recovered some losses on Friday but remained volatile heading into next week.
“Pakistan’s stock market experienced heightened volatility after the Pahalgam attack,” Sana Tawfik, an economist and head of research at Arif Habib Ltd., told Arab News while referring to the attack in Indian-administered Kashmir.
Between April 22 and April 30, the index dropped 7,104 points or 6 percent, she said.
Key sectors bore the brunt of the sell-off, including refineries (-15.4 percent), transport (-15 percent), pharmaceuticals (-12.9 percent), jute (-11.6 percent) and engineering (-9.2 percent).
“This decline reflects broad investor risk aversion amid geopolitical uncertainty,” she added.
The latest flare-up with India added to pressure on Pakistani equities, which had already been hit by US President Donald Trump’s tariff increases last month. That triggered panic selling and a one-hour trading halt at the PSX.
“Foreigners remained net sellers [in April] as well, taking 10MFY25 net outflow to around $252 million,” JS Global Capital Ltd., the largest broking and investment banking firm in Pakistan, said in a note to clients.
Muhammad Waqas Ghani, its head of research, said investor caution over Pakistan’s escalating tensions with India had driven the recent market volatility.
“The impact of geopolitical concerns is beginning to wear off,” he said.
On Friday, the KSE-100 rebounded 2.5 percent to 114,113 points, trimming overall losses to 3.6 percent. Ghani attributed the recovery to US diplomatic efforts to defuse tensions between the two neighbors.
“The market opened positive today [Friday], gaining 2,900 points or 2.6 percent in the first half,” he said.
Analysts said calls for restraint from the US, United Nations and other members of the International community contributed to Friday’s rally.
US Vice President JD Vance told Fox News in a podcast interview that Washington was working to prevent further escalation and preserve regional peace.
Mohammed Sohail, CEO at Topline Securities Ltd., said stocks bounced back as investors regained confidence amid “signals of easing tensions.”
JS Global said market sentiment could improve further after the International Monetary Fund’s (IMF) expected release of funds for Pakistan following its upcoming executive board meeting this month.
“Materialization of planned foreign inflows, likely after IMF disbursement, along with geopolitical stability, remains crucial for the country and equity markets,” it added.
