Pakistan PM calls on industrialized countries to meet climate finance commitments

In the picture taken on November 8, 2022, Pakistan's Prime Minister Shehbaz Sharif delivers a speech at the leaders summit of the COP27 climate conference in Sharm el-Sheikh, Egypt. (Photo courtesy: AFP)
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Updated 28 November 2022
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Pakistan PM calls on industrialized countries to meet climate finance commitments

  • Pakistan, as chair of G-77 and China, galvanized support for the establishment of the fund at COP27
  • PM Sharif suggests international community explore possibilities of ‘debt swaps for climate action’

ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif on Sunday called on industrialized countries to fulfill their climate finance commitments and said his country was facing “the brunt of natural calamities” due to carbon emissions elsewhere in the world, foreign media reported.

Climate negotiators at the COP27 conference in Egypt this month reached a breakthrough funding deal to help poor countries ravaged by climate change.

Pakistan, as Chair of the Group of 77 and China, galvanized support for the establishment of the fund at COP27 in the Egyptian Red Sea resort of Sharm el-Sheikh, first by having it placed on the agenda of the conference and then pushing for a consensus agreement.

Islamabad said at the time it looked forward to early operationalization of the fund, hoping that it would bridge a major gap in the climate finance architecture.

“There is an urgent need for the industrialized countries to meet their climate finance commitments, with a balanced focus on adaptation and mitigation,” Sharif told Turkiye’s Anadolu news agency.

He welcomed the deal to establish the “loss and damage fund” to compensate developing countries most severely impacted by climate change, but suggested the international community explore possibilities of “debt swaps for climate action, particularly adaptation.”

Pakistan witnessed one of the deadliest monsoon seasons of its history this year, with torrential rains and floods killing more the 1,700 people.

The climate-induced floods affected 33 million people and cost more than $30 billion in damages to the South Asian economy.

About the response to the situation after the floods, Sharif said his country had mounted coordinated rescue and relief operations, mobilizing “all possible resources and capacities,” according to the report.

He said a dedicated National Flood Response and Coordination Center (NFRCC) had been set up to effectively coordinate these operations.

“The NFRCC is working on rehabilitation plans as the flood waters recede,” he said.

“This is a national effort in which everyone is contributing, from individual Pakistanis from all spheres of life to businesses, civil society, and humanitarian organizations, besides civil and military administrations.”

Recalling a visit to Pakistan’s flood-hit areas by UN secretary general, Sharif said Antonio Guterres had repeatedly stated that “’countries like Pakistan, who have done almost nothing to contribute to global warming, do not deserve to be among the frontline countries impacted the most by climate change’.”

“I reiterate his words that it is not just a matter of solidarity but a matter of justice. This phenomenon of death, devastation, and destruction is driven by climate change, the causes of which are global,” the Pakistani premier said. “Therefore, the response calls for international solidarity and collective action.”

Pakistan contributes less than 1 percent of the global greenhouse gas emissions, but the South Asian country is among the ten most climate-stressed nations.


Pakistan recorded highest ever monthly IT exports of $348 million in Dec. 24 — data

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Pakistan recorded highest ever monthly IT exports of $348 million in Dec. 24 — data

  • Exports were up 28% year-on-year in the first half of fiscal year 2025
  • Growth comes amid concerns over slow Internet speed, VPN restrictions

ISLAMABAD: Pakistan has recorded the highest ever monthly IT exports of $348 million, up by 15 percent year-on-year and 12 percent month-on-month in Dec. 2024, while exports were up 28 percent year-on-year in the first half of fiscal year 2025, data from the Topline Securities brokerage house showed on Friday.

The growth figures come as associations and businesses have expressed alarm over slowing Internet speeds since last year, as the federal government moves to implement a nationwide firewall to block malicious content, protect government networks from attacks, and allow the government to identify IP addresses associated with what it calls “anti-state propaganda.” The government has also been cracking down on VPN use for months, with the Pakistan Telecommunications Authority (PTA) announcing that businesses and freelancers would be able to legally use VPNs by registering with the government, but unregistered VPNs would be blocked in Pakistan after Nov. 30, 2024. The deadline was later withdrawn, and a new one has not been announced.

The use of VPNs has sharply risen in Pakistan since February last year when the government banned X soon after allegations of rigging in general elections surfaced. The election commission denies them.

In a report released on Friday, Topline said monthly IT exports in Dec. 2024 were higher than the last 12 month’s average of $299 million. This is the 15th consecutive month of YoY IT export growth, starting from Oct. 2023. This takes IT exports for the first half of fiscal year 2025 to $1.86 billion, up by 28 percent YoY. Export proceeds per day were recorded at $16.6 million for Dec. 24, compared to $14.8 million in Nov. 24. 

“YoY jump in IT exports is due to (1) IT export companies growing client base globally, especially in GCC region, (2) relaxation in the permissible retention limit by the State Bank of Pakistan, increasing it from 35 percent to 50 percent in the Exporters’ Specialized Foreign Currency Accounts, (3) allowance of equity investment abroad through these foreign currency accounts and (4) stability in PKR encouraging IT exporters to bring higher portion of profits back to Pakistan,” the Topline report said. 

“Pakistani IT companies are active in engaging with global clients. Recently leading IT companies of Pakistan attended Oslo Innovation Week 2024, and Pak-US Tech Investment Conference.”

According to a Pakistan Software Houses Association (P@SHA) survey, 62 percent of IT companies are maintaining specialized foreign currency accounts.

A major development in FY25 was the state bank adding a new category of Equity Investment Abroad (EIA), specifically for export-oriented IT companies. IT exporters can now acquire interest (shareholding) in entities abroad utilizing up to 50 percent proceeds from specialized foreign currency accounts. 

“This development will further boost confidence of IT exporters to remit proceeds back to Pakistan,” Topline said.

“We believe, IT sector will continue its growth trajectory and momentum with likely growth of 10-15 percent for FY25 to $3.5-3.7bn. Under ‘Uraan Pakistan’ national economic plan, the government has set a target of $10bn IT exports by FY29. This implies a target CAGR of 28 percent till FY29.”

Last August, the Pakistan Business Council (PBC) warned that frequent Internet disruptions and low speeds caused by poor implementation of the national firewall had led many multinational companies to consider relocating their offices out of Pakistan, with some having “already done so.” 

The Pakistan Software Houses Association (P@SHA), the country’s top representative body for the IT sector, warned last year Internet slowdowns and the restriction of VPN services could lead to financial losses and closures and increase operational costs for the industry by up to $150 million annually.


Pakistan starts trainings for pilgrims selected for Hajj 2025 under government scheme

Updated 20 min 42 sec ago
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Pakistan starts trainings for pilgrims selected for Hajj 2025 under government scheme

  • Trainings to be held at 147 locations across country, first session in Peshawar Saturday
  • First phase of mandatory Hajj trainings will be completed on Feb. 27, religious affairs ministry says

ISLAMABAD: The ministry of religious affairs has started mandatory training sessions for Pakistani nationals selected to perform this year’s Hajj pilgrimage under the government scheme, Radio Pakistan reported on Friday.

Earlier this month, Pakistan and Saudi Arabia signed the Hajj agreement 2025 under which 179,210 pilgrims from the South Asian country will perform the annual pilgrimage this year. The quota is divided equally between government and private schemes. 

“Hajj training will be provided at one hundred and forty seven locations across the country,” Radio Pakistan reported, quoting a statement from the religious affairs ministry. “The first session of the training workshop will be held in Peshawar tomorrow [Saturday].”

The attendance of Hajj pilgrims at the trainings will be ensured through a QR code in the Pak Hajj mobile app, the report said. Overseas Pakistanis will also receive training at their respective Hajji camps prior to embarking on the journey.

“The first phase of mandatory Hajj training will be completed on 27th of next month [February],” the report added.

Pakistan’s Hajj policy has allowed pilgrims to make payments in installments for the first time. Under this scheme, the first installment of Rs200,000 ($717) had to be submitted with the application, the second installment of Rs400,000 ($1,435) within 10 days of balloting and the remaining amount by Feb. 10 this year.

The Pakistani religious affairs ministry has also launched the Pak Hajj 2025 mobile application, available for both Android and iPhone users, to guide pilgrims.

Additionally, the government announced a reduction in airfare, lowering ticket prices for federal program pilgrims to Rs220,000 [$785.41], down from last year’s Rs234,000 [$835.39].

Pakistan International Airlines, Saudi Airlines, and private carriers have agreed to transport pilgrims this year.


What are the cases against Pakistan’s former PM Imran Khan and his wife?

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What are the cases against Pakistan’s former PM Imran Khan and his wife?

  • Khan, who was ousted from office in 2022, has been behind bars for more than a year
  • On Friday, ex-PM was convicted of receiving land in bribe from a real estate developer

A Pakistani court on Friday sentenced former Prime Minister Imran Khan to 14 years imprisonment and his wife Bushra Bibi to seven years in a land corruption case, his legal team said.

The verdict in the case, the largest in terms of financial wrongdoing faced by Khan, was delivered by an anti-graft court in a prison in the garrison city of Rawalpindi, where Khan has been jailed since August 2023.

Here are some of the allegations against the 72-year-old former cricket star, named in dozens of cases since he was ousted from office in 2022 that have kept him behind bars for more than a year.

GRAFT ALLEGATIONS

On Friday, Khan was convicted on charges that he and his wife were gifted land by a real estate developer during his premiership from 2018 to 2022 in exchange for illegal favors.

He was first arrested in May 2023 in this case, on allegations that the couple received land worth up to 7 billion rupees ($25.12 million) as a bribe through a trust created in 2018.

His Pakistan Tehreek-e-Insaf (PTI) party has maintained the land was donated for charitable purposes.

Bibi was taken into custody on Friday after being released on bail in October in another case.

STATE GIFTS

\Khan was arrested in August 2023 for allegedly selling gifts worth more than 140 million rupees that he received during his premiership and which belonged in state possession. Khan and Bibi were indicted on fresh charges in December after they were sentenced in two other versions of the case, although the sentences have been suspended. The couple has denied any wrongdoing.

ABETTING VIOLENCE

Khan faces anti-terrorism charges in connection with the violence that followed his arrest in May 2023, and in relation to which several of his supporters have already been sentenced.

He was indicted in December and is on trial.

STATE SECRETS

Khan was accused of making public a classified cable sent to Islamabad by Pakistan’s ambassador in Washington in 2022, while he still held office. He was acquitted in the case in June.

UNLAWFUL MARRIAGE

Khan and his wife were accused of breaking Islamic law by failing to observe the mandated waiting period between Bibi’s divorce from her previous husband and their marriage in 2018. They were acquitted of the charges in July.


Pakistan court sentences ex-PM Imran Khan to 14 years in prison in land bribe case

Updated 7 min 9 sec ago
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Pakistan court sentences ex-PM Imran Khan to 14 years in prison in land bribe case

  • The case involves a charitable entity, Al-Qadir Trust, set up by the ex-premier and his wife Bushra Khan in 2018
  • Authorities say the trust was a front for the couple to receive valuable land as bribe from a real estate developer

ISLAMABAD: An accountability court in Pakistan on Friday sentenced former prime minister Imran Khan to 14 years in prison after he was convicted along with his wife of receiving land as a bribe from a real-estate tycoon, Khan’s party said.
The case involved a charitable entity, Al-Qadir Trust, set up by Khan and his third wife Bushra Khan in 2018 when he was still in office. The court sentenced Khan’s wife to seven years in prison in the case.
Pakistani authorities say the trust was a front for the couple to receive valuable land as a bribe from a real estate developer, Malik Riaz Hussain, who is one of Pakistan’s richest and most powerful businessmen. Hussain, like Khan and Bushra, denies any wrongdoing.
In response to Friday’s verdict, Khan’s Pakistan Tehreek-e-Insaf (PTI) party said while it awaited a detailed judgment, the case against Khan and his wife “lacks any solid foundation and is bound to collapse.”
“All evidence and witness testimonies confirm that there has been no mismanagement or wrongdoing,” the PTI said in a statement. “Imran Khan and Bushra Bibi are merely trustees with no further involvement in the matter.”
The announcement of the verdict in the Al-Qadir Trust case had already been postponed thrice before, drawing criticism from Khan’s party.

Khan, while speaking to journalists inside the Adyala jail in Rawalpindi where Judge Nasir Javed Rana announced the decision, said the verdict had “tarnished the reputation” of the country’s judiciary.
“In this case, neither I benefited nor the government lost [anything]. I don’t want any relief, will face all cases,” he said. “My wife is a housewife, who has nothing to do with this phony case. Wife was given sentence to infuriate me.”
Pakistan’s government said the country’s judiciary was independent to make decisions and Khan had failed to offer evidence to prove his innocence.
“This case has run for a period of more than a year, testimonies were recorded in it. The Tehreek-e-Insaf founder had the right to present evidence in his defense... he did not present witnesses in defense,” Law Minister Azam Nazeer Tarar said.
“Now, he has the right to file an appeal.”
Information Minister Attaullah Tarar called the Al-Qadir Trust case the “biggest mega corruption case” in Pakistan’s history, saying that Khan’s party fought it on “political basis.”
“The defense counsel fought this case politically. He did not fight the case on merit, based on evidence, and it has also been written in the verdict that the defense counsel could neither present evidence of [Khan and his wife’s] innocence, nor he could give a satisfactory response to the prosecution’s evidence,” he said.
“This case was fought on political basis, in media.”


Authorities say the Al-Qadir Trust scheme originated with 190 million pounds repatriated to Pakistan in 2019 by Britain after Hussain forfeited cash and assets to settle a British probe into whether they were proceeds of crime. Instead of putting it in Pakistan’s treasury, Khan’s government is accused of using the money to pay fines levied by a court against Hussain for illegal acquisition of government lands at below-market value for development in Karachi.
Khan, who has been in jail since August 2023 and faces a slew of legal cases, says all charges against him are politically motivated and being backed by his political rivals led by Prime Minister Shehbaz Sharif and the country’s all-powerful military. Both deny the allegations.


Death toll rises to 10 in Pakistan supply convoy ambush — police

Updated 17 January 2025
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Death toll rises to 10 in Pakistan supply convoy ambush — police

  • The attack happened Thursday when trucks carrying food, medicine and other relief supplies were heading to Kurram
  • Five drivers were still missing and their trucks had been burned by the attackers, a local police official says

Peshawar: The death toll from an ambush on a Pakistan convoy bringing supplies to a region besieged by sectarian fighting rose to 10 on Friday, police said, while up to six drivers have been kidnapped.
The Thursday ambush targeted a convoy of 33 vehicles set to resupply local traders in the northwest Kurram region with rice, flour and cooking oil and two aid vehicles carrying essential medicine.
“The deceased include two security personnel, four drivers... and four civilians,” a local police official told AFP on condition of anonymity.
“There are reports that five to six drivers have been abducted by a local tribe,” he said.
Kurram has been wracked by Sunni-Shiite violence for decades, but around 140 people have been killed since a fresh bout of fighting broke out in November.
As feuding tribes have battled with machine guns and heavy weapons, the remote and mountainous region bordering Afghanistan has been largely cut off from the outside world.
Numerous ceasefires have been touted, most recently on January 1, but none have stopped the violence.