ISLAMABAD: A 17-member delegation from the National Defense University (NDU) of Pakistan met with High Commissioner Maj. Gen. (R) Dr. Shahid Ahmad Hashmat in Colombo as part of a visit which is aimed at strengthening bilateral ties, a statement released on Tuesday read.
The group, led by Air Commodore Mustafa Anwer, is in Sri Lanka for a six-day visit and comprises senior officials from Pakistan’s Armed Forces and allied officers from Iran, Bangladesh and Nepal, who are undergoing a National Security and War Course at the NDU.
The visit is part of measures to improve bilateral cooperation and discuss ways to strengthen the collaboration between the two countries in the field of defense, an Embassy official said.
“High Commissioner underscored that relations between Pakistan and Sri Lanka are based on mutual trust and the commonality of interest in maintaining peace, security and stability in the South Asian region,” excerpts from the statement read, adding that both the countries “are working together on all these foras for shared values and interests.”
During the visit, NDU delegates are expected to meet with a number of prominent personalities from Sri Lanka’s Armed Forces and civil institutions.
The NDU delegation will also visit the Lakshman Kadirgamer Institute of International Relations and Strategic Studies in Colombo and the Institute of National Security Studies Sri Lanka for an interactive session to build cooperation between the two institutions.
Both the South Asian nations have always shared friendly relations. In the past, Pakistan supplied high-tech military equipment to the Sri Lankan army for use in its civil war against the Tamil Tigers.
Additionally, trade between Sri Lanka and Pakistan stands at less than $400 million a year, with Pakistan saying in 2016 that it would re-invigorate efforts to reach a target of $1 billion “at the earliest.”
Delegation from Pakistan’s National Defence University visits Sri Lanka
Delegation from Pakistan’s National Defence University visits Sri Lanka
- Representatives are expected to hold talks with senior officials in Colombo
- Move part of efforts to strengthen bilateral cooperation between the two nations
Pakistan to launch indigenous satellite to predict disasters, monitor resources on Jan. 17
- Electro-Optical (EO-1) satellite can provide timely updates on floods, landslides and earthquakes, says state media
- Satellite can also support conservation strategies by monitoring minerals, oil and gas fields, and glacier recession
ISLAMABAD: Pakistan’s national space agency announced on Monday that it would launch the country’s first indigenous Electro-Optical (EO-1) satellite on Jan. 17, state-run media reported, to help enhance monitoring of natural disasters and manage natural resources efficiently.
The EO-1 satellite will be launched from China’s Jiuquan Satellite Launch Center, the state-run Associated Press of Pakistan (APP) reported. It added that its launch represents the Space and Upper Atmosphere Research Commission’s (SUPARCO) dedication and expertise in advancing Pakistan’s technological capabilities in space science.
The state media said the satellite will enhance the country’s ability to monitor and manage natural resources, predict and respond to natural disasters, support food security and drive economic growth through informed decision-making and sustainable development.
“The EO-1 satellite offers substantial benefits across various sectors in Pakistan,” APP said. “In agriculture, it will enable precision farming by monitoring crops, assessing irrigation needs, predicting yields and supporting food security initiatives.”
The report said that in urban development, the satellite can help in tracking infrastructure growth, managing urban sprawl and aiding city and regional planning efforts.
“In environmental monitoring and disaster management, it will provide timely updates on floods, landslides, earthquakes, deforestation, and land erosion,” it added.
The EO-1 satellite will also support extraction and conservation strategies for natural resources, such as the monitoring of minerals, oil and gas fields, glacier recession and water resources.
“The launch of the EO-1 satellite marks a momentous milestone in Pakistan’s space journey,” APP said.
Pakistan has taken strides in its space research program in the past few months. In November 2024, SUPARCO announced its rover will join China’s Chang’E 8 mission to explore the moon’s surface in 2028.
In May 2024, Pakistan launched its first lunar satellite aboard China’s Chang’e-6 probe, which was tasked with landing on the far side of the moon that perpetually faces away from the Earth. China was the first country to make such an ambitious attempt.
Academy award winner Sharmeen Obaid-Chinoy launches YouTube film series on hate speech
- ‘Facets of Hate Speech’ includes five films that will be released between Jan.13-17
- Sharmeen has won two Oscars for films on acid violence survivors, honor killings
ISLAMABAD: Two-time Academy Award winner Sharmeen Obaid-Chinoy’s SOC Films has announced the launch of its latest campaign, “Facets of Hate Speech,” a YouTube series of five films that aim to spark a “new dialogue” around hate speech in Pakistan, with the first movie releasing today, Monday.
The films feature activists, experts, and officials commenting on issues like cyber harassment, the backlash against Pakistan’s women’s rights movement and blasphemy laws, among other issues.
“This campaign is a crucial step in confronting the grave threat of hate speech which has deeply woven itself into the fabric of Pakistani society— an alarming reality that challenges the future we envision for our country,” Obaid-Chinoy said in a statement.
“Hate speech fuels intolerance, discrimination, and violence. It silences dissent, undermines human rights, and jeopardizes the very foundation of a just and equitable society. Through this series, we aim to give voice to the victims of hate speech, amplify the voices of those working tirelessly to combat it, and inspire action for a more inclusive, and tolerant Pakistan.”
The first film in the series, releasing on Jan. 13, will delve into the rise of cyber harassment in Pakistan, focusing on its “devastating impact” on women and the urgent need for stronger legal protections and increased online safety measures.
Another film will examine the backlash faced by the Aurat March, a powerful women’s rights movement in Pakistan. The film will be released on Jan. 14.
A third film will shed light on the “perilous landscape” surrounding blasphemy laws in Pakistan, focusing on the tragic case of Rashid Rehman, a lawyer murdered for defending an individual accused of blasphemy.
“It explores the immense personal, legal, and societal challenges faced by defense lawyers in such sensitive cases and highlights the urgent need for reforms to protect human rights defenders,” the SOC press release said, saying the film would be out on Jan. 15.
The last two films, releasing on Jan. 16 and 17 respectively, will focus on hate speech directed at the country’s transgender community and the “disturbing phenomenon of mob violence” in Pakistan.
“It delves into the tragic case of Priyantha Kumara, a Sri Lankan factory manager who was brutally lynched by a mob in Sialkot, and explore the root causes of this horrific incident, including the role of hate speech in inciting violence,” SOC said about the last film in the series.
Obaid-Chinoy is best known for winning an Oscar, Pakistan’s first, for her 2012 documentary ‘Saving Face,’ which focused on survivors of acid violence. In 2016, ‘A Girl in the River: The Price of Forgiveness,’ won Obaid-Chinoy a second Oscar for Best Documentary, Short Subject , at the 88th Academy Awards.
In April 2023, Disney officially announced during the Star Wars Celebration convention that Obaid-Chinoy would direct the next film in the series, set 15 years after the events of The Rise of Skywalker, and with Daisy Ridley back as Rey.
PM Sharif orders probe as bomb blast in southwestern Pakistan kills 1
- Incident follows Jan. 4 blast near Turbat city that killed five paramilitary soldiers, injured over two dozen others
- Mineral-rich Balochistan province, which shares borders with Iran and Afghanistan, has faced insurgency for decades
ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif on Monday ordered authorities to investigate a roadside bomb blast in the country’s southwestern Turbat city that killed one person, vowing to bring the culprits to book and continue the state’s war against militants.
The incident follows the Jan. 4 blast near Turbat when at least five paramilitary soldiers were killed and over two dozen others injured after a vehicle-borne improvised explosive device targeted a bus carrying security personnel.
Monday’s roadside bomb blast in Turbat killed one person, state broadcaster Radio Pakistan reported. No group has so far claimed responsibility for the incident.
“Prime Minister Shehbaz Sharif condemns the roadside bomb blast in Turbat,” a statement from Sharif’s office said. “The prime minister has directed the incident be investigated.”
Sharif said those responsible for the blast should be immediately identified and punished.
“We will continue the war against terrorism until Pakistan is cleansed of it,” Sharif said. “Those who carry out such terrorist activities are enemies of the development of Balochistan.”
Balochistan, a mineral-rich province sharing borders with Iran and Afghanistan, has faced an insurgency for decades, which has intensified in recent years. The Baloch separatists accuse the Pakistani state of exploiting the region’s resources without adequately benefiting its population.
However, Pakistani governments deny the allegations, saying they have launched several development projects to promote prosperity and improve the lives of residents in the province.
The Balochistan Liberation Army (BLA), with a strong presence in Balochistan, has emerged as a major threat to the state, carrying out deadly attacks, including suicide bombings, to target Pakistani security forces.
According to provincial administration data, Balochistan witnessed a dramatic surge in militant violence in 2024, resulting in about 300 deaths in over 550 attacks.
Pakistani fintech operator partners with UAE group to provide financial solutions in Emirates
- Partnership to help customers in United Arab Emirates access earned wages prior to scheduled payroll date
- Move “significant step” in providing flexible financial solutions to unbanked individuals, says Pakistani fintech
KARACHI: An emerging fintech operator in the Middle East and Pakistan, Abhi, announced on Monday it has partnered with UAE’s Al Ansari Financial Services to provide financial solutions to banked and unbanked communities in the UAE.
Abhi is a Pakistani fintech company that provides employers an opportunity to withdraw their earned salary any day through its Earned Wage Access (EWA) facility and other products. Founded in 2021, Abhi has been serving customers in Pakistan, UAE and Bangladesh through its credit-bridging products.
Al Ansari Financial Services is a UAE-based financial services ecosystem that enables the mobility of money locally and globally. For almost 60 years, the group says it has enabled tourists, residents and businesses to transfer and exchange money and conduct payments effectively.
“In a move set to reshape the financial landscape, Al Ansari Financial Services one of the leading integrated financial services groups in the UAE announces its strategic partnership with Abhi Middle East Limited, the region’s largest embedded finance platform backed by Hub71 and Abu Dhabi Investment Office (ADIO), to broaden the spectrum of financial solutions available to consumers, ensuring a seamless service experience across the board,” Abhi said in a statement.
The alliance will provide EWA and Send Now, Pay Later (SNPL) services to complement Al Ansari Financial Services’ existing portfolio from the second quarter of this year, Abhi said. The alliance will help address the varied needs of both unbanked and underbanked communities in the UAE, it added.
The statement said that the solutions would be gradually introduced across multiple platforms to ensure easy and convenient access for customers, allowing for a smooth integration and enhanced user experience of the financial services.
“Abhi, a pioneer in earned wage access and technology-driven financial solutions, will be providing a technology platform and operational framework that will enable Al Ansari Financial Services’ customers to access their earned wages prior to the scheduled payroll date, in addition to allowing the unbanked and underbanked customers to remit funds internationally instantly while deferring payment,” Abhi said.
It said Al Ansari will identify eligible customers for both services.
“This partnership aligns with our ongoing mission to enhance financial accessibility and provide flexible solutions that cater to diverse financial needs,” Mohammad Bitar, group deputy CEO of Al Ansari Financial Services, said in a statement.
Omair Ansari, co-founder and CEO of Abhi Middle East Limited, said the partnership is a “significant step” in providing unbanked individuals with flexible financial solutions.
“Through the introduction of Earned Wage Access and Send Now, Pay Later in the UAE, we aim to address real-world financial challenges, offering tools that empower individuals to take control of their finances,” Ansari said.
Pakistan preparing to debut yuan-denominated bonds this year, finance minister says
- Pakistan planning to raise $200 million to $250 million from Chinese investors over next six to nine months
- Government is optimistic it will meet the terms for an ongoing $7 billion IMF loan, finance minister says
ISLAMABAD: Pakistan is preparing to debut yuan-denominated bonds this year to shore up finances, Finance Minister Muhammad Aurangzeb told Bloomberg in an interview Monday, saying his government remained optimistic it would meet the terms of an International Monetary Fund bailout program.
The South Asian nation is planning to raise up to $250 million from Chinese investors over the next six to nine months, Aurangzeb said of the plan that comes as Pakistan’s sovereign rating has been upgraded recently by all three credit agencies. Aurangzeb said he expected further upgrades, and the challenge was to get into a “single-B” category, which would allow the country to return to global bond markets to raise funds.
“The country is very keen to tap the Panda bonds and the Chinese capital markets,” Aurangzeb said on the sidelines of the Asian Financial Forum in Hong Kong. “We have been remiss as a country not to tap it previously.”
The latest figure is slightly lower than the $300 million the finance minister was targeting in a March 2024 interview. China International Capital Corporation is advising Pakistan on the issuance of Panda bonds, Aurangzeb said.
Pakistan has enjoyed some stability from two years ago when an IMF bailout deal was in limbo and inflation and interest rates were above 20 percent. The government is optimistic it will meet the terms for an ongoing $7 billion loan, the finance minister said.
The IMF, which is scheduled to visit Pakistan next month, wants Pakistan to broaden its tax base and reach a tax-to-GDP ratio of 13.5 percent, from 10 percent in December, Aurangzeb said.
“We are well on our way to achieve that target, not only because the IMF is saying that but because from my perspective the country needs to get into that benchmark to make our fiscal situation sustainable,” he said.
After Pakistan clinched the IMF bailout last year, it has been getting some reprieve, including from cooling inflation that provides space for policymakers to cut borrowing costs further and help prop up a nation that remains hammered by structural weaknesses. Stronger remittances, a bright spot, have also helped shore up currency reserves.
The rupee, as a result, rose about 2 percent in 2024, among best performers in emerging markets. The benchmark stock index outperformed nearly all other equities markets last year.
Pakistan still remains in a tough spot.
The government has to increase taxes to secure a fresh $1 billion loan tranche from the IMF or miss the lender’s tax revenue requirement for fiscal year ending June 2025 which could put the bailout at risk, Bloomberg Economics’ Ankur Shukla said in a note on Jan. 8.
Having gone through 25 loan programs over half a century, Pakistan must institute durable reforms in key areas of the energy sector, tax collection and state-owned enterprises to end a cycle of indebtedness, Aurangzeb told an IMF forum in October.
On Monday, Aurangzeb said the nation’s gross domestic product would probably expand 3.5 percent in the fiscal year ending June. Pakistan had set a 3.6 percent economic growth target after a 2.5 percent expansion the prior financial year.
The State Bank of Pakistan, which has cut the benchmark rate to the lowest in more than two years, is scheduled to announce its decision on Jan. 27 while inflation is expected to stabilize within the target range of 5 percent–7 percent in the next 12 months.
“We are into that phase of stabilization,” Aurangzeb said. “Now where do we go from here? We have to focus on sustainable growth. We are now very focused on fundamentally changing the DNA of the economy to make it export-led.”
