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Abu Dhabi crown prince discusses bilateral ties with PM Khan

Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates (UAE) Armed Forces Sheikh Mohammed bin Zayed Al-Nahyan along with Pakistan PM Imran Khan arrive at Prime Minister House in Islamabad on Jan. 2, 2019. (Supplied)
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Updated 03 January 2020
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Abu Dhabi crown prince discusses bilateral ties with PM Khan

  • The visiting royal instructs the Khalifa Fund to allocate $200 million for economic projects in Pakistan
  • The United Arab Emirates is already Pakistan’s largest trading partner in the Middle East
Updated 03 January 2020
Muhammad Ishtiaq

ISLAMABAD: Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates (UAE) Armed Forces Sheikh Mohammed bin Zayed Al-Nahyan departed for his country on Thursday after finishing his day-long official visit to Pakistan.
Prime Minister Imran Khan received the crown prince at the Nur Khan air base in Rawalpindi earlier in the day and drove the visiting royal to the Prime Minister House.
The UAE crown prince was accompanied by a high-level delegation and he held a one-on-one meeting with the PM that was followed by a luncheon.
Both the leaders exchanged views on bilateral matters and regional and international issues of common interest. The crown prince also instructed the Khalifa Fund for Enterprise Development to allocate $200 million to support small and medium enterprises (SMEs) in Pakistan, the UAE state news agency, WAM, reported.

"The Prime Minister expressed satisfaction at the frequent exchange of high-level visits between Pakistan and the UAE and the steady development of cordial ties between the two fraternal countries," said an official statement.

"The Prime Minister highlighted the positive contributions of more than 1.6 million expatriate Pakistani community, which considers UAE as their second home," the statement added. "Prime Minister Imran Khan also thanked the UAE leadership and its people for their commitment to Pakistan's socio-economic development, focused in particular on health, education and youth."

Islamabad said the visit illustrated the strength and substance of the Pakistan-UAE special relationship, based on commonalities of faith, cultural affinities, and a shared resolve to take mutual cooperation to a new level.
Pakistan’s Foreign Ministry Spokesperson Aisha Farooqui said on Thursday that “our relationship goes back decades. This is a relationship that is both wide and deep.”
She said at a weekly press briefing that the entire spectrum of bilateral relations and regional and international issues of common interest were discussed during the meeting.
“Frequent exchange of high-level visits between Pakistan and UAE is reflective of the importance that the two countries attach to their fraternal ties. Whenever the two leaderships meet all major issues are discussed in detail,” Farooqui said.
The UAE is Pakistan’s largest trading partner in the Middle East and a major source of investment. The Gulf country is also among Pakistan’s prime development partners in education, health, and energy sectors — hosting more than 1.6 million Pakistani expatriates, which contribute remittances of around $4.5 billion annually to the GDP, the foreign office said in a statement.
Dr. Vaqar Ahmed, senior economist and joint executive director of Sustainable Development Policy Institute (SDPI), told Arab News that this was a significant visit since Pakistan was seeking diplomatic support to extend its economic ties.
“Pakistan aims to win support of friendly countries on the FATF, Kashmir, and related matters of geo-strategic nature,” Ahmed said, adding that “the Board of Investment has already been pursuing investors from the UAE and we hope that the private sector of the Gulf state will show interest in special economic zones of Pakistan.”
“Pakistan already has strong economic ties with the UAE. However, there is a need to boost diplomatic efforts so that placement for skilled and unskilled labor can be ensured,” he continued.
Javed Hafeez, former ambassador and expert on foreign affairs, said that the visit of Crown Prince Zayed Al-Nahyan reaffirmed the importance the UAE attached to its ties with Pakistan.
“The UAE has made significant investments in the Pakistan’s banking and telecommunications sectors. It has been providing sizeable humanitarian assistance as well. Both South Asia and the Gulf region are passing through a crucial period,” Hafeez noted, adding that periodic consultations were necessary in the interest of regional peace and security.
“Pakistan will expect more investments from the UAE, particularly in the field of tourism. EXPO 2020 will be an opportune occasion for Pakistan to promote its exports to the world,” he said.
On Wednesday, UAE Ambassador to Pakistan Hamad Obaid Al-Zaabi said in a statement that the visit “will further strengthen the bonds of friendship between the two brotherly countries.”
The UAE crown prince last visited Islamabad in January 2019 on PM Khan’s invitation.
Khan visited the UAE several times since August 2018 after assumed the country’s top political office in order to secure financial assistance to tackle Pakistan’s economic crisis. The UAE pledged $3 billion in balance-of-payments support and oil supply on deferred payments.
Last week, UAE Culture Minister Sheikh Nahyan bin Mubarak Al-Nahyan met with PM Khan and President Arif Alvi in Islamabad.
“It was our endeavor to further strengthen the existing bilateral engagement at all levels and in all fields, including trade, investment, energy, culture and tourism,” the president said after the meeting.
He also highlighted that 1.6 million Pakistanis living in the Emirates were a bridge between the two countries and contributed to UAE’s development.

Topics: Pakistan United Arab Emirates Sheikh Mohammed bin Zayed Al-Nahyan

Senior political leader shot dead amid escalating militancy in Pakistan’s northwest

Updated 22 November 2024
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Senior political leader shot dead amid escalating militancy in Pakistan’s northwest

  • Mashaal Azad, a PPP leader in Lakki Marwat, was ambushed while going for Friday prayers
  • Attack occurred the day Pakistan’s army chief was in Peshawar to discuss security situation
Updated 22 November 2024
REHMAT MEHSUD

PESHAWAR: Amid a string of deadly attacks that have claimed the lives of dozens of civilians and security officials in Pakistan’s northwest, unidentified gunmen on Friday shot dead a senior leader of the Pakistan Peoples Party (PPP) in the volatile Lakki Marwat district of Khyber Pakhtunkhwa (KP) province, police said.
The restive district, a hotspot of militant activity, witnessed unprecedented protests in September when police officers, joined by civil society members and tribal elders, staged sit-ins and blocked the Indus Highway.
The demonstrations followed a spate of militant attacks that killed several policemen, prompting demands for enhanced security measures and greater autonomy for the law enforcement agency in counterterrorism operations.
Speaking to Arab News over the phone, the police spokesperson in the district, Shahid Marwat, said the slain PPP leader Mashaal Azad was heading toward Sarai Gambila, a rundown locality on the outskirts of the district’s center, for Friday prayers when he was ambushed by gunmen.
“Mashaal Azad was killed by unidentified bike riders on the Canal Road near Kajoori Hotel within the limits of Sarai Gambila police station,” Marwat said.
The incident occurred on the day Pakistan’s army chief General Asim Munir was visiting Peshawar, the provincial capital of KP, where he vowed action against militants and reiterated the army’s firm resolve to dismantle hostile militant networks.
The killing also follows a gun attack on a convoy carrying members of the minority Shiite community in the Kurram tribal district a day earlier, leaving more than 40 people dead.
Earlier this week, on Tuesday, 10 Pakistan army soldiers and two members of the paramilitary Frontier Constabulary were killed when militants attacked a checkpost in the northwestern Bannu district.
Rabnawaz Marwat, a tribal elder in Lakki Marwat, said the late PPP leader was a long-time and senior party figure who had been a strong voice against militancy in the region.
“Late Azad had served as a member of the provincial council of PPP,” he informed. “He had also served as a student leader of PPP in Lakki Marwat. In addition, he was an active tribal elder who played a leading role in dispute resolution in the region.”
According to the police spokesperson, a report of the incident has been lodged against unidentified persons, and further investigations will be initiated.
“It is mentioned in the report that late Azad had no personal enmity with anyone in the area,” he said. “It seems to be an act of targeted attack by terrorists.”
On Tuesday, Prime Minister Shehbaz Sharif chaired a meeting of civil and military leaders to review the country’s security situation, during which it was agreed to take action against those involved in militant violence.

Topics: militancy in Pakistan LAKKI MARWAT Khyber Pakhtunkhwa

Pakistan’s first hand-drawn animated film ‘The Glassworker’ makes Oscars eligibility list

Updated 22 November 2024
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Pakistan’s first hand-drawn animated film ‘The Glassworker’ makes Oscars eligibility list

  • The film was released in July, with its director calling it the result of ‘passion and perseverance’
  • Selection committee in the country says it has broken ‘new ground for animation’ in Pakistan
Updated 22 November 2024
Arab News Pakistan

ISLAMABAD: Pakistan’s first hand-drawn animated film, “The Glassworker,” has been named on the list of eligible films for the 97th Academy Awards in both the Animated Feature Film and International Feature Film categories, the Academy of Motion Picture Arts and Sciences announced this week.
Directed by young Pakistani animator Usman Riaz, the film was released in July and features 1,477 cuts and 2,500 individual drawings. The coming-of-age tale follows Vincent, a young apprentice at his father’s glass workshop, and Alliz, a talented violinist and the daughter of a military colonel.
Against the backdrop of a looming war, their relationships with their parents and each other are tested.
“Thirty-one features are eligible for consideration in the Animated Feature Film category for the 97th Academy Awards,” the Academy said on its website, with “The Glassworker” among them.
“Films submitted in the Animated Feature Film category may also qualify for Academy Awards in other categories, including Best Picture,” it added. “Animated features that have been submitted in the International Feature Film category as their country’s official selection are also eligible in the category.”
Five films from the list will be shortlisted for nominations in the Animated Feature Film category, with the ultimate winner announced at the Oscars ceremony scheduled for March 3, 2025.
A team of 250 national and international cast and crew members worked on the film, which was produced by Riaz’s Karachi-based Mano Animation Studios.
The film became Pakistan’s first-ever animated feature to be nominated for Oscars consideration in September.
“Usman and Mano’s work has demonstrated exceptional storytelling and artistry while breaking new ground for animation in Pakistan,” the Academy Selection Committee of Pakistan said earlier while lauding the project. “This achievement will be remembered in our cinematic history.”
Riaz described his effort as a result of “a decade of passion and perseverance” when the film was nominated for Oscars from Pakistan.
“I am deeply humbled by the selection and hope this story resonates with audiences everywhere, showcasing the talent and creativity Pakistan has to offer,” he added. 

Topics: animation films The Glassworker animator oscar

Pakistan seal final spot in Under-19 cricket tri-series with dominant win over UAE

Updated 22 November 2024
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Pakistan seal final spot in Under-19 cricket tri-series with dominant win over UAE

  • Pakistan posted their highest total of the tournament, amassing 314 for five in 50 overs
  • UAE’s innings ended at 123 in 37 overs, setting the stage for Pakistan-Afghanistan clash
Updated 22 November 2024
Arab News Pakistan

ISLAMABAD: Half-centuries by Farhan Yousuf, Haroon Arshad, Shahzaib Khan and Usman Khan powered Pakistan’s Under-19 cricket team to a commanding 191-run victory over the United Arab Emirates in the fifth match of the U19 tri-series at the ICC Cricket Academy Ground in Dubai on Friday.
The victory secured Pakistan’s place in the final, where they will face Afghanistan U19 on Tuesday, November 26, at the same venue.
This was Pakistan’s second win over UAE in the tournament, having defeated them by 10 wickets in the opening match.
“Pakistan U19 earn an emphatic 191-run win over UAE U19,” the Pakistan Cricket Board announced in a social media post. “They will play the tri-series final on Tuesday.”
The Pakistan team edged Afghanistan by 13 runs in their previous encounter but suffered a loss to them earlier in the series.
After electing to bat, Pakistan posted their highest total of the tournament, amassing 314 for five in 50 overs.
Left-handed openers Shahzaib Khan (71 off 84) and Usman Khan (50 off 64) provided a solid foundation with a 96-run opening stand. Farhan Yousuf (63 off 50) and Haroon Arshad (54 off 34) then built on the momentum with a brisk 75-run partnership for the fourth wicket, while Faham-ul-Haq contributed a steady 37 off 48. For UAE, Noorullah Ayubi and Uddish Suri picked up two wickets each.
Chasing 315, UAE struggled from the outset, collapsing to 52 for five within 16 overs.
Ayaan Misbah (17 off 46) and Uddish Suri (32 not out) attempted to stabilize the innings with a 21-run stand for the sixth wicket, but Misbah fell to Umar Zaib in the 26th over.
UAE’s innings ended at 123 in 37 overs, with Umar Zaib taking four for 51 and Naveed Ahmed Khan claiming three wickets.
The final group match of the series will be played between Afghanistan and UAE on Sunday, November 24.
 

Topics: Pakistan cricket ICC U19 World Cup

Pakistan 'will break any hand' threatening Saudi relations — PM Sharif

Updated 22 November 2024
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Pakistan 'will break any hand' threatening Saudi relations — PM Sharif

  • Statement comes after Imran Khan’s wife released a video message widely viewed as critical of the Kingdom
  • Pakistan and Saudi Arabia are close allies, with nearly 3 million Pakistanis living and working in the Kingdon
Updated 22 November 2024
Hasaan Ali Khan

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday vowed strict action against anyone attempting to undermine Pakistan’s close relations with Saudi Arabia, declaring that his government would “break any hand” threatening ties between the two nations.
Sharif’s statement appeared to reference recent remarks by Imran Khan’s wife, Bushra Bibi, who in a rare public message on Thursday assured state institutions that her jailed husband would not seek revenge against political opponents if he returned to power.
She also made remarks in her video message that were widely viewed as implying that the Saudi government had opposed Khan when he was prime minister from 2018-22.
“Such venom-spitting is an unforgivable crime,” Sharif said while addressing a ceremony on Friday. “I, as the prime minister of Pakistan, want to announce that the nation will break any hand trying to undermine the Pakistan-Saudi friendship.”
“This is not a joke,” he continued. “The allegation is beyond understanding. The biggest national interest is being slaughtered to serve the short-term political interest.”
He criticized the former first lady, whose husband’s PTI party is currently in opposition, saying that the Kingdom had never demanded anything in return from Pakistan for extending economic and diplomatic support but instead always “opened its doors.”
“I think there can be no greater enmity against Pakistan than this [issuing such comments],” he said, adding that Khan’s Pakistan Tehreek-e-Insaf (PTI) party was sacrificing the country’s interest for its political interests.
Sharif said “no one will be allowed to play” with Pakistan’s interests when it concerned “brotherly allies” such as Saudi Arabia.
Earlier, Defense Minister Khawaja Asif also addressed the issue in a press conference, highlighting that over 2.8 million Pakistanis were working in the Kingdom, sending billions of dollars in remittances back to their country every year.
“Our cordial and friendly relationship with Saudi Arabia should not be affected due to someone’s political gains,” he said. “Such a controversial statement is an effort to save PTI’s sinking ship.”
Khan was ousted from the prime minister’s office in a parliamentary vote of no-confidence in 2022, alleging that he was removed by his political rivals and the all-powerful military at the behest of the United States. All three parties deny the accusation.
The cricketer-turned-politician has been in prison since August last year, facing a slew of legal challenges. He denies any wrongdoing, claiming that all cases against him are politically motivated to keep him in jail.
His PTI party is set to kick off a “long march” to stage a protest in Islamabad on Nov. 24, aiming to pressure the government into releasing Khan from prison. Authorities have refused to grant permission to hold the gathering and imposed a ban on public assembly in the capital for two months.

Topics: Pakistan Saudi Arabia ties PM Shehbaz Sharif

Pakistani stocks break psychological 99,000 barrier on optimism over rates, reserves

Updated 22 November 2024
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Pakistani stocks break psychological 99,000 barrier on optimism over rates, reserves

  • An analyst attributes the intraday rally to broad-based gains across most economic sectors
  • The stock market has remained bullish since the government slashed policy rate in November
Updated 22 November 2024
Arab News Pakistan

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Friday breached a major psychological barrier, surging past 99,000 points during intra-day trading before settling at 97,798.23, as analysts attributed the rally to investor optimism driven by falling lending rates and higher foreign exchange reserves.
The benchmark KSE-100 index climbed 2,057.40 points by 11:10 am, reaching 99,385.79 points from the previous close. However, the index closed at 97,798.23, marking an increase of 469.84 points or 0.48 percent.
Analyst Ahsan Mehanti of Arif Habib Corporation said bank levies on large deposits, surging global oil prices, and rupee stability were fueling investor optimism.
“Stocks remained bullish, led by scrips across the board, as investors weighed falling lending rates and the imposition of bank levies on large deposits following a drop in government bond yields,” he told Arab News. “Surging global crude oil prices, rupee stability, and higher forex reserves played a catalytic role in the record surge at the PSX.”
Last month, Pakistan’s external current account recorded a surplus of $349 million, marking the third consecutive month of surplus and the highest in this period. The current account reflects a nation’s transactions with the world, encompassing net trade in goods and services, net earnings on cross-border investments and net transfer payments.
A surplus indicates that a country is exporting more than it is importing, thereby strengthening its foreign exchange reserves.
A bullish trend has been observed in the stock market since Pakistan’s central bank cut its key policy rate by 250 basis points, bringing it to 15 percent earlier this month. Economic indicators have also steadily improved since securing a 37-month, $7 billion bailout from the International Monetary Fund (IMF) in September.
In the past, the country faced a prolonged economic crisis that drained its foreign exchange reserves and saw its currency weaken amid double-digit inflation. Last year, Pakistan narrowly avoided a sovereign default by clinching a last-minute $3 billion IMF bailout deal.

Topics: Pakistan Stock Exchange Pakistan Stock Market Pakistan Stock Exchange (PSX)

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