KARACHI: The government on Tuesday allowed the Pakistan International Airlines Investment Limited (PIA-IL) to utilize $10 million and clear the financial liabilities of the Roosevelt Hotel Corporation in New York.
The Economic Coordination Committee (ECC) approved a summery presented by the Aviation Division, requesting for the provision of funds to meet the hotel’s liabilities that include payments of local taxes and utilities.
The hotel was inaugurated in Manhattan on September 22, 1924. Named after the 26th President of the United States, Theodore Roosevelt, Pakistan’s national air carrier leased it in 1979 through PIA Investments Limited.
Saudi Prince Faisal bin Khalid bin Abdulaziz Al Saud was also one of the investors in the 1979 investment deal, though the airline decided to buy the hotel for $36.5 million in 1999 and later struck a deal with its Saudi partner in 2005 to buy his share in the property as well.
“The PIA-IL requested the ECC to utilize $10 million available with the National Bank of Pakistan to clear the immediate financial liabilities [of the Roosevelt Hotel],” the finance ministry said in statement issued after the ECC meeting in Islamabad.
“After due deliberation, the ECC approved the summary with a direction to exercise due diligence in meeting emergent liabilities and submit the utilization report before the forum regarding the funding support by the government,” the statement added.
The committee also directed the PIA-IL to engage a world class consultant to meet the financial and operational challenges faced by the hotel in New York.
The Roosevelt Hotel permanently closed its door on October 31, 2020, after remaining operational since 1924.
The ECC also approved $142 million for the PIA-IL last year to meet the hotel’s financial challenges.
It allowed to release $17.3 million in June for the payment of recurring as well as one-off liabilities accumulated by the hotel before approving $10 million more on Tuesday.
ISLAMABAD: Pakistan’s Chief of Naval Staff Admiral Naveed Ashraf on Monday emphasized the importance of maritime security for the country’s economic future, calling for robust measures to address “unprecedented challenges” in the Indian Ocean Region.
In a message issued to mark the Seventh Maritime Security Workshop, scheduled to run from November 26 to December 5 at the Pakistan Navy War College in Lahore, Ashraf highlighted the need to harness the country’s maritime potential while ensuring a secure environment for trade and economic growth.
He noted the Indian Ocean Region faced significant challenges, including geopolitical competition, nuclearization and transnational threats, compounded by rapid technological advancements.
“The country’s economic future is inextricably linked to the sea, which serves as mankind’s last reservoir for sustenance,” he said. “Securing our maritime domain is not merely a national priority but a necessity, requiring cooperation, innovation and vigilance.”
Ashraf stressed the potential of Pakistan’s maritime resources to drive socio-economic prosperity through the exploitation of the blue economy, enabled by a secure maritime environment.
His comments come at a time when Pakistan has made a strategic offer to landlocked Central Asian economies for access to its ports, allowing them to conduct trade via sea routes.
The initiative underscores Pakistan’s ambition to position itself as a critical hub for regional economic activity.
“Our rich maritime resources offer great potential for economic prosperity,” the naval chief maintained.
“Let us work toward a secure and stable maritime environment that benefits not only our nation but the global community at large,” he added.
ISLAMABAD: Punjab Information Minister Azma Bukhari said on Monday one police constable had been killed and five were critically injured in violence by supporters of jailed former premier Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party, which is leading a protest march to the federal capital of Islamabad.
Thousands of rallygoers reached the edges of Islamabad on Monday, after protest caravans set out from various parts of the country a day earlier to call for the release of political prisoners, including Khan, among other demands.
The protesters set out despite the government refusing to grant the PTI permission to enter Islamabad for a sit-in. Last week, the district administration also imposed a two-month ban on public gatherings in the capital, citing security challenges and inconvenience to the public. Earlier this year, parliament also passed a new law to regulate public assembly in Islamabad, which laid out, among other rules, that any party or group wanting to hold a protest would need permission from the administration and could only assemble at a designated venue and during set timings.
Authorities have closed all schools in Islamabad and the adjacent garrison city of Rawalpindi, while the Internet and WhatsApp messaging services have also slowed as the protest march continues. All routes connecting Islamabad and Rawalpindi have been completely shut for the last two days, as are highways and roads from other cities leading to the federal capital.
Addressing a press conference in Lahore, the provincial capital of Punjab, Bukhari said one policeman had been killed in clashes with PTI supporters.
“FC [Frointier Corps] soldier Samiullah sustained a gunshot wound to the leg in Sargodha. In Kati Pahari on the Attock Motorway, [police] Constable Wajid was shot in the neck and arm and is in critical condition,” the minister said, only giving the first names of officers.
“In Wah Cantt [in Rawalpindi district], the injured include Sub-Inspector Farooq and Sub-Inspector Zohaib, while Constable Mubashir has lost his life. Five people remain in critical condition.”
She added that 70 people had been wounded in clashes with the protesters just outside Islamabad, while there were reports of several other clashes elsewhere in the province.
Interior Minister Mohsin Naqvi said those responsible for the killing of the policeman would be brought to justice.
Khan’s party said scores of its workers were also hurt.
“TILL MY LAST BREATH”
The PTI march started on Sunday but could not reach Islamabad as shipping containers placed by the government on key points on major highways slowed the pace of the caravans. The PTI says its final destination is D-Chowk, a high-security area in the capital’s Red Zone that houses key government buildings and is a popular site for protests. Heavy contingents of police and other security forces have been stationed across Islamabad and at entry and exit points.
The largest PTI protest caravan began its journey from Peshawar, the provincial capital of the Khyber Pakhtunkhwa (KP) province where Khan’s party is in power. It is being led by KP Chief Minister Ali Amin Gandapur and Khan’s wife Bushra Khan, who was released on bail in October after nearly nine months in detention.
Khan has been in jail since August last year and faces a slew of charges he says are politically motivated.
On Monday evening, the PTI said in a text to reporters that the rally had “broken through one of the biggest barrages of containers and is at the gate of Islamabad.”
“Until Khan does not return to us, we will not end this march,” Bushra said to supporters from atop the protest caravan as the PTI edged closer to Islamabad. “I will stand there till my last breath, you people have to stand by me. I will keep standing even if nobody does because this does not concern just my husband but the country and its leader.”
Islamabad police confirmed over 400 arrests related to the protest in the past few days, saying the detainees were being held in different police stations. The PTI said over 3,500 of its leaders and supporters had been arrested in connection to the protests.
PTI leader Shaukat Yousafzai, who is part of the caravan, told Arab News over the phone the march would carry on until it reached D-Chowk.
“We will only return from D-Chowk when Imran Khan and other innocent party workers are released from Pakistani prisons,” he said.
The PTI also said key leaders Gohar Khan and Ali Mohammad Khan had been allowed to meet the PTI flounder at Adiala jail, but no details were shared about the focus or outcome of the discussions.
The PTI’s march has coincided with a visit to Islamabad by Belarusian President Aleksandr Lukashenko and a 68-member delegation to discuss investment deals. The government has accused the PTI of trying to sabotage the foreign visit in a bid to destabilize its economic recovery efforts.
Yousafzai rejected this criticism, saying his party had called the protest well before the Belarusian delegation’s arrival was announced.
“We have not blocked the roads,” he added. “The government has blocked the roads, creating a situation like this. The government should have held talks with the PTI instead of blocking the roads.”
KP government spokesperson Muhammad Ali Saif also said the PTI planned to hold a “protracted protest.”
“We are advancing according to our plan and are not in a hurry,” he said. “The government should prepare food supplies for the police for several days because we won’t stop until our demands are met.”
A report prepared by Pakistan’s ministry of finance and released on Sunday estimated economic losses of Rs190 billion ($684 million) per day due to political protests.
QUETTA: A wheel-jam strike paralyzed highways in Pakistan’s southwestern Balochistan province on Monday as protests over the kidnapping of an 11-year-old schoolboy entered their 11th consecutive day in Quetta.
Muhammad Musawir Khan, a third-grade student, was kidnapped from a school van by unknown armed men while on his way to school on November 15.
The family has not received any ransom call from the kidnappers in all these days since his abduction. They have also categorically said they will not pay a single penny to the kidnappers.
“Today, all national highways connecting Balochistan with the rest of the country are closed against the kidnapping of my son,” Raz Muhammad, the boy’s father, told Arab News. “We will continue our protest until he safely returns home.”
Muhammad urged Prime Minister Shahbaz Sharif and Army Chief General Asim Munir to consider Khan as their own child and play a role in his recovery.
Other family members echoed the sentiment, saying it was the state’s responsibility to ensure the boy’s recovery and improve the general environment of insecurity.
“We have been sitting here for the last 11 days to seek protection for all children like Muhammad Musawir Khan from these kidnappers,” Hajji Malang, the boy’s uncle, told Arab News. “Whoever kidnapped our child, we will not bargain with them for his release.”
Demonstrators are protesting over the kidnapping of an 11-year-old schoolboy in Quetta, Pakistan, on November 25, 2024. (AN photo)
The kidnapped boy belongs to a prominent tribal family involved in the gold trading business in Balochistan for decades. According to the family, he was abducted from Patel Bagh, a busy neighborhood in Quetta.
Political and religious parties, traders, transporters, lawyers and civil society members have all been visiting the protest camp to express solidarity with the family and demand the immediate and safe recovery of the boy.
Speaking to the media outside the provincial assembly, Chief Minister Mir Sarfraz Bugti said he thought of the kidnapped child like his own son.
“We are utilizing our full capacity and the government is making serious efforts to ensure his safe recovery,” he said.
Commissioner of Quetta Division Hamza Shafqaat shared the same update while speaking to Arab News.
“The government, along with all law enforcement agencies, is working diligently for the recovery of Muhammad Musawir Khan,” he said.
“We have shared our report on the progress in the recovery of the kidnapped boy to with the Balochistan High Court, chief minister and the provincial assembly, and they have all expressed satisfaction that the investigation is heading in the right direction,” he added.
However, Shafqaat declined to divulge details of the ongoing investigation.
Malik Muhammad Sadiq Kakar, senior member of Pashtoonkhwa Milli Awami Party, said that highways in Balochistan’s Quetta, Mastung, Khuzdar, Killa Abdullah, Chaman, Zhob, Killa Saifullah and Loralai districts were closed to protest the kidnapping of the child.
“We are sitting with the family of the kidnapped boy to express solidarity because we want peace in Balochistan,” he told Arab News.
Pakistan’s restive Balochistan province, which shares borders with Afghanistan and Iran, has been the site of a low-level insurgency by separatist militants for over two decades.
Other extremist factions, including Tehreek-e-Taliban Pakistan and Daesh’s Khorasan chapter, also have a presence in the region and frequently attack security forces and civilians.
Last week, Pakistan approved a “comprehensive military operation” in the province, targeting ethnic Baloch separatist groups attacking security forces and Chinese nationals working on the multibillion-dollar China-Pakistan Economic Corridor (CPEC).
ISLAMABAD: The OIC Standing Committee on Scientific and Technological Cooperation (COMSTECH), in collaboration with Pakistan’s Gourmet Industries, has announced the COMSTECH-Gourmet Industrial Internship Program for its first batch in January 2025, state news agency APP reported on Monday.
Hosted by Gourmet Industries, the largest food processing complex in Pakistan, the program offers 10 internships lasting four weeks. Selected candidates will receive accommodation, meals, and return economy-class air ticket to participate in the program, which aims to promote innovation, research, and skill development across various industrial sectors, offering participants practical training and exposure to advanced technologies and industrial processes.
The program will focus on key areas in food industry operations including bakery, dairy, and beverages, plant utilities, recycling through innovative RPET methodologies, shrink-wrap production, sugar mill logistics, and media training in journalism and broadcasting. Participants will gain hands-on experience in supply chain management, production processes, and sustainability practices also.
“The internship is open to applicants from OIC member countries holding a BS/BSc or MS/MSc in relevant fields and under the age of 40,” the report said.
“The objective of the COMSTECH-Gourmet Industrial Internship Program is to foster innovation and research and development (R&D) across diverse industrial sectors, including food processing, engineering, plant operations, recycling, and so forth.”
The program will provide interns hands-on experience and exposure to cutting-edge technologies and methodologies, thereby enhancing their practical skills and theoretical knowledge.
“By engaging in real-world projects, interns will contribute to the advancement of industrial processes and the development of sustainable solutions, ultimately driving technological innovation and improving operational efficiencies in the fields of human nutrition and value addition,” APP added.
“This initiative underscores COMSTECH’s mission to empower youth in OIC nations and advance technological development for socio-economic progress.”
Applicants have to complete an application form and upload requested documents (CV, Research Proposal, etc.) at: (https://form.jotform.com/243101366016444) till Nov, 30. Applicants can contact [email protected] for further information.
ISLAMABAD: The Executive Committee of Pakistan’s National Economic Council has approved ten infrastructure projects costing Rs172.7 billion ($625.54), Radio Pakistan reported on Monday, with a majority of the schemes approved for the remote Balochistan province.
The ECNEC met in Islamabad on Monday with Deputy Prime Minister Ishaq Dar in the chair.
“The projects pertain to the infrastructure sector for improving connectivity in Balochistan, Khyber Pakhtunkhwa and Sindh. Six of the approved projects are in Balochistan,” Radio Pakistan said.
“World Bank funded project for developing solid waste infrastructure for Karachi costing 29.2 billion rupees was also approved.”
Balochistan, which comprises 44 percent of Pakistan’s total land mass, is its most backward by almost all economic and social indicators.
Rich in land and mineral wealth, most parts of the Balochistan province often lack even the rudiments of modern life. Home to Reko Diq, one of the world’s largest undeveloped copper and gold deposits, and the site of major Chinese investment projects, the province lacks employment opportunities and basic facilities like Internet, health and education.
Balochistan also has the lowest density of roads among the four provinces of Pakistan. Poor connectivity and access continue to be a major problem, which particularly affect the poor, who live mostly in the rural areas.
In Khyber Pakhtunkhwa, annual rainfall and temperature patterns have significantly increased and the lack of resilient infrastructure has escalated the impact of disasters on people and livelihoods. Flooding events since 2010 have substantially damaged the road network, hampering connectivity and escalating transportation costs.
Home to over 55 million people, Sindh is Pakistan’s second largest province and generates a third of national GDP. However, economic development is skewed in favor of the provincial capital Karachi, the country’s largest city and responsible for three-quarters of overall trade activity. Rural areas are poorly connected to the regional centers, and the road conditions of about half of the 2,830 km of provincial highways are substandard due to damage from heavy truck traffic and seasonal flooding.
