Saudi Arabia, Arab allies win praise at Pakistan Day parade

Pakistan's military vehicles carrying missiles system take part in the military parade to mark the Pakistan's National Day in Islamabad on March 25, 2021.
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Updated 26 March 2021
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Saudi Arabia, Arab allies win praise at Pakistan Day parade

  • ‘Friendly countries have always stood by us,’ says Pakistani president
  • Military leaders from Saudi Arabia, Bahrain, Sri Lanka, UK join celebrations

ISLAMABAD: Pakistani President Dr. Arif Alvi thanked the military leaders of Saudi Arabia and other friendly countries for joining a Pakistan Day parade on Thursday despite challenges presented by the coronavirus pandemic, saying their presence at the event was proof that they always stood by Pakistan.

The Pakistan Day military parade is observed each year on March 23, but was postponed by two days this year due to bad weather. The event is at the center of celebrations to commemorate a 1940 resolution that called for the establishment of an independent homeland for the Muslims of British-ruled India.

The commander of the Royal Saudi Land Forces, Lt. Gen. Fahd bin Abdullah Al-Mutair; commander of National Guard of Bahrain. Gen. Sheikh Mohammed bin lsa Al-Khalifa; Sri Lankan Army commander Gen. L.H.S.C. Silva; and UK Strategic Command commander Sir Patrick Sanders were among military leaders at the parade and air show.

Paratroopers from Bahrain, Palestine, Iraq and Turkey took part in the show.

“Grateful to the military forces of friendly countries, pilots and other participants whose presence here proves that they always remained and are with us in strengthening, development and prosperity of Pakistan,” Alvi said during his address at the parade in Islamabad.

“We have very strong friendly, religious, cultural and historic relations with Saudi Arabia, Turkey and other Gulf states, and we want to further enhance them.”

Alvi added: “There is a need to forget internal differences and strengthen inter-Muslim unity and Organization of Islamic Countries (OIC) in order to counter the growing wave of Islamophobia in the world today.”

The Pakistani prime minister’s special adviser on religious harmony and the Middle East, Tahir Mahmood Ashrafi, said Pakistan’s relations with Saudi Arabia and other Arab countries “have strengthened and at the moment they are at their best,” adding that the participation of Saudi Arabia and Bahrain in the parade showed that the relationship was “multidimensional.”

He said: “Our ties with Arab world have strengthened not only religiously but also socially, economically, diplomatically and defensively.”

Pakistan Day celebrations this year were also dampened by a growing third wave of the coronavirus pandemic.

Earlier this week, the Pakistan army said its parade had been postponed due to “inclement weather and rain” and now will be held on Thursday instead of Tuesday.


Third round of talks start between Imran Khan’s party, Pakistan government 

Updated 7 sec ago
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Third round of talks start between Imran Khan’s party, Pakistan government 

  • Pakistan Tehreek-e-Insaf party held first round of talks with government on Dec. 23, second on Jan. 2
  • Party is demanding release of political prisoners, judicial probe into allegations it led violent protests 

ISLAMABAD: The political party of Pakistan’s imprisoned former Prime Minister Imran Khan is holding a third round of talks today, Thursday, with the government over the release of its leader and other political activists and the formation of a judicial commission to probe accusations the party led violent protests. 

Khan’s ouster in a parliamentary vote of no-confidence in 2022 has plunged the country into long-term political crisis, particularly since the founder of the Pakistan Tehreek-e-Insaf (PTI) was jailed in August last year on corruption and other charges. His party and supporters regularly hold protests calling for his release, with some of the demonstrations turning violent, including one in November last year in which the government says four troops were killed and the PTI says 12 of its supporters died. 

Khan had previously rejected talks with the government, saying his party would only speak to the ‘real powerbrokers’ in Pakistan, the all-powerful army, but last month he set up a negotiating committee of top party leaders to open dialogue with the government on two main demands: the release of political prisoners and the establishment of judicial commissions to investigate PTI-led protests on May 9, 2023, and Nov. 26, 2024, in which the government says his supporters engaged in violence and arson.

The first round of talks took place on Dec. 23 and the second on Jan. 2.

“It will be our third session,” PTI Chairman Gohar Ali Khan told reporters on Wednesday. “We will give our demands in writing.”

On Thursday afternoon, Pakistani media widely reported that the party had handed over its written demands to the government negotiating team. 

“We expect that the government will ponder over them with seriousness,” Gohar had said a day earlier. “We hope that if [the government] participates with seriousness, an open mind, and sincerity, a solution can be found to all the issues.”

On Wednesday, Rana Sanaullah, a senior leader of Prime Minister Shehbaz Sharif’s PML-N party, told Pakistan’s Geo News the government negotiation committee was waiting for the PTI to clarify the details of its demands. 

“We [government committee] told them [PTI] at the last meeting that if you want a judicial commission then what terms of reference do you want, do you have any conditions on who should head it, and similarly, can you give us a list of who you consider political prisoners and then we can answer whether these are political prisoners or not,” Sanaullah said.

“Hopefully, at tomorrow’s [Thursday] meeting, they will give us this list and also their conditions on the judicial commission.” 

The talks opened last month as Khan had threatened a civil dissidence movement and amid growing concerns he could face trial by a military court for allegedly inciting attacks on sensitive security installations during the May 9 protests.

The negotiations also began two days after 25 civilians were sentenced by a military court to periods of two to 10 years of “rigorous imprisonment” in connection with attacks on military facilities on May 9, 2023. Just days later on Dec. 26, another 60 civilians were sentenced by a military court to jail time ranging from 2 to 10 years in connection with the May 9 attacks.

Khan’s arrest in May 2023 in a land graft case sparked countrywide protests that saw his supporters attack and ransack military installations in an unprecedented backlash against Pakistan’s powerful army generals. 

Although Khan was released days later, he was rearrested in August that year after being convicted in a corruption case. He remains in prison and says all cases against him are politically motivated.


Pakistan PM boosts SME loans, plans special package for women entrepreneurs

Updated 13 min 11 sec ago
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Pakistan PM boosts SME loans, plans special package for women entrepreneurs

  • Shehbaz Sharif says empowering youth and women entrepreneurs will help create additional jobs in economy
  • The government plans to conduct a comprehensive SME survey to improve the facilities provided to them

ISLAMABAD: Prime Minister Shehbaz Sharif instructed on Thursday to increase the loan limit for small and medium enterprises (SMEs) under a government program from Rs500,000 to Rs1.5 million, while also calling for a special package for women entrepreneurs to support their businesses.

Earlier this month, Sharif described SMEs as the “backbone” of Pakistan’s economy and directed officials to take measures to integrate them into the global supply chain.

Pakistan has been striving to attract foreign investment while recovering from a prolonged economic crisis marked by a balance of payments challenge, dwindling foreign reserves and a depreciating rupee.

Sharif recently underscored the need to first strengthen domestic investment to make the country more appealing to foreign businesses.

“Under the Prime Minister’s Youth Program, the loan amount for small businesses should be increased from Rs500,000 [$1,794] to Rs1.5 million [$5,381],” Sharif’s office said in an official statement after be chaired a meeting. “A special package for women entrepreneurs should be formulated and presented soon to support their small businesses.”

The government announced several initiatives, including the introduction of a new category for micro and home-based businesses, offering simplified loan procedures and enhanced support.

Sharif emphasized that empowering women and youth entrepreneurs would not only help generate self-employment but also create more job opportunities across the country.

“SMEs play a key role in economic development worldwide,” the prime minister said. “The government’s top priority is to promote them to boost the country’s exports.”

“The government is committed to empowering youth and women entrepreneurs to such an extent that they not only generate self-employment but also create additional job opportunities,” he added.

The PM Office also highlighted plans to conduct a comprehensive survey of SMEs nationwide to improve the facilities provided to them.

Additionally, the Small and Medium Enterprises Development Authority (SMEDA) is set to launch financial literacy and training programs by February, alongside initiatives to introduce SMEs to modern technology by mid-year.


Pakistan welcomes ceasefire deal in Gaza, calls for ‘full implementation’

Updated 55 min 56 sec ago
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Pakistan welcomes ceasefire deal in Gaza, calls for ‘full implementation’

  • Deal outlines six-week initial ceasefire with the gradual withdrawal of Israeli forces from the Gaza Strip
  • Israel’s acceptance of deal won’t be official until approved by country’s security cabinet and government

ISLAMABAD: Pakistan on Thursday welcomed a ceasefire accord reached between Israel and Hamas, which controls the Gaza Strip, after months of mediation by Qatar, Egypt and the US and 15 months of bloodshed that has devastated the coastal territory and inflamed the Middle East.

The deal outlines a six-week initial ceasefire with the gradual withdrawal of Israeli forces from the Gaza Strip, where tens of thousands have been killed since October 2023. Hostages taken by Hamas would be freed in exchange for Palestinian prisoners held by Israel.

If successful, the ceasefire will halt fighting that has razed much of heavily urbanized Gaza, killed over 46,000 people and displaced most of the tiny enclave’s pre-war population of 2.3 million, according to Gaza authorities. That in turn could defuse tensions across the wider Middle East, where the war has stoked conflict in the Israeli-occupied West Bank, Lebanon, Syria, Yemen and Iraq, and raised fears of all-out war between arch regional foes Israel and Iran.

“It is hoped that the truce would lead to permanent ceasefire and help in scaling up humanitarian assistance,” the foreign office said in a statement, calling for the “immediate and full implementation” of the ceasefire accord. 

Islamabad, which does not recognize nor have diplomatic ties with Israel, said “indiscriminate” use of force by Israeli forces had caused unprecedented loss of lives and property and the displacement of hundreds of thousands of Palestinians while its “expansionist designs” had destabilized the entire Middle East region.

“Pakistan reiterates its support for a just, comprehensive, and durable solution to the Palestinian issue, leading to the establishment of a sovereign State of Palestine based on pre-June 1967 borders, with Al-Quds Al-Sharif as its capital,” the statement said. 

At a news conference in Doha, Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said the ceasefire would take effect on Sunday. Negotiators were working with Israel and Hamas on steps to implement the agreement, he said.

“This deal will halt the fighting in Gaza, surge much-needed humanitarian assistance to Palestinian civilians, and reunite the [Israeli] hostages with their families after more than 15 months in captivity,” US President Joe Biden said in Washington.

Israel’s acceptance of the deal will not be official until it is approved by the country’s security cabinet and government, with votes slated for Thursday, an Israeli official said.

While people celebrated the pact in Gaza and Israel, Israel’s military escalated attacks after the announcement, the civil emergency service and residents said.

Heavy Israeli bombardment, especially in Gaza City, killed 32 people late on Wednesday, medics said. The strikes continued early on Thursday and destroyed houses in Rafah in southern Gaza, Nuseirat in central Gaza and in northern Gaza, residents said.

Israel’s military made no immediate comment and there were no reports of Hamas attacks on Israel after the ceasefire announcement.

A Palestinian official close to the ceasefire negotiations said mediators were seeking to persuade both sides to suspend hostilities ahead of the ceasefire going into effect, Reuters reported.

With inputs from Reuters


Pakistan raises petrol price by Rs3.47 for rest of January amid global market fluctuations

Updated 16 January 2025
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Pakistan raises petrol price by Rs3.47 for rest of January amid global market fluctuations

  • Pakistan adjusts petroleum prices fortnightly to pass on the impact of any change to consumers
  • Fuel price hikes can push consumer prices higher across sectors, causing popular resentment

ISLAMABAD: The Pakistan government on Wednesday raised fuel prices for the remainder of the month, increasing the per-liter rates of petrol and diesel by Rs3.47 and Rs2.61 to align with recent trends in global energy markets.

Fuel prices in Pakistan are reviewed and adjusted fortnightly, based on fluctuations in international energy markets and the rupee-dollar exchange rate.

The mechanism ensures that the net impact of changes in import costs is passed on to consumers, helping to sustain the country’s fuel supply chain.

“OGRA [Oil and Gas Regulatory Authority] has worked out the consumer prices of petroleum products in view of fluctuations in [the] international market in the last fortnight,” it informed in a social media post while circulating the notification with revised rates.

It added that the new prices— 260.95 rupees per liter for high-speed diesel and 256.13 rupees per liter for petrol— would be effective starting Jan 16.

Fuel price increases typically push consumer prices higher across sectors, causing economic strain and fueling popular resentment.


Pakistan to implement new energy market system from March, relinquishing government control 

Updated 16 January 2025
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Pakistan to implement new energy market system from March, relinquishing government control 

  • New system enables consumers to buy power from multiple suppliers, moving away from government-controlled system 
  • Pakistan's energy sector has long struggled with financial strain due to circular debt, power theft and transmission losses

Islamabad: Pakistan’s Energy Minister Awais Ahmad Khan Leghari said this week electricity consumers will be able to buy power from multiple suppliers starting March, as the government moves to implement a new energy market system.
Pakistan’s Cabinet Committee on Energy last October approved the formation of an independent entity to reform Pakistan’s energy market. The new system enables consumers to buy power from multiple suppliers, moving away from the current government-controlled system, where it is the sole buyer of electricity.
Pakistan’s energy sector has long struggled with financial strain due to circular debt, power theft and transmission losses, which have led to blackouts and high electricity costs.
“The National Assembly was informed today (Wednesday) that the government will not purchase electricity after March this year as authorization has been given for the creation of an Independent Electricity Market,” state broadcaster Radio Pakistan reported on Wednesday. 
Leghari told the lower house of parliament during the National Assembly session’s Question Hour that the Independent Electricity Market will enable consumers to purchase electricity from multiple suppliers.
Pakistan’s government expects the move will reduce the country’s circular debt and stabilize electricity prices, which along with food prices, pushed inflation to a record 38 percent high in May 2023. 
The federal cabinet this week also approved a plan to renegotiate agreements with 14 independent power producers (IPPs), another move aimed at lowering electricity costs and addressing the mounting circular debt. 
The main issue between the government and the IPPs were capacity charges, or payments made to IPPs regardless of electricity consumption, which have exacerbated circular debt, now exceeding Rs2.4 trillion ($8.6 billion), as per the energy minister. 
Pakistan says revised contracts will save the government Rs1.4 trillion ($5 billion) over their duration, translating into annual savings of Rs137 billion ($493.2 million) for consumers.
The government’s renegotiation efforts were influenced by the International Monetary Fund’s reform recommendations, which seek to reduce tariffs and capacity payments to ease fiscal pressure.