ISLAMABAD: Pakistan’s national security is directly linked to its economic security, Prime Minister Shehbaz Sharif said on Thursday, stressing the need for united efforts to ensure the country prospers as it grapples with surging militancy and economic challenges. 

Pakistan has suffered from a macroeconomic crisis that has seen its foreign exchange reserves fall to historic lows and its currency weaken significantly over the past two years. The South Asian country narrowly avoided a sovereign default last year after it clinched a last-gasp $3 billion loan from the International Monetary Fund (IMF). 

Islamabad’s economic crisis has compounded its problems as it deals with a surge in militancy in its western provinces bordering Afghanistan. The country has been struggling to contain attacks in Balochistan and Khyber Pakhtunkhwa provinces from separatist and religiously motivated banned groups. 

“I am very convinced that our national security has direct linkage with economic security, and both go hand-in-hand,” Sharif said.

Sharif said Pakistan had suffered economic losses of $130 billion due to the so-called War on Terror, adding that the country only received “a fraction of these losses” from allies. The rest Islamabad had to bear from its coffers, he said. 

“This monster has come back and is showing its ugly face again,” the prime minister said. “And as I speak, on a daily basis, there is a sad incident in the south of Khyber Pakhtunkhwa and in Balochistan, anti-Pakistan nefarious elements are driving this nefarious scheme over there through active support of Pakistan’s enemies.”

Sharif reiterated his desire to introduce a “Charter of Economy,” calling for political consensus on key economic reforms. 

“Today, as prime minister, I once again reaffirm my resolve for the Charter of Economy,” he said. 

In response to a question, Sharif said he agreed the government should not be in business. Rather, he said it should facilitate it. 

“I believe Pakistan’s governments, whether it be in the center or provinces, it is not our business to do business,” the premier said. 

“We should completely end this and hand it over to the private sector in transparent manner.”
 

ISLAMABAD: World Bank Country Director Najy Benhassine met Pakistan’s Interior Minister Mohsin Naqvi on Thursday to discuss collaborative efforts to address the growing smog crisis and improve access to clean water and sanitation in urban areas, an official statement said
The smog issue has become a pressing environmental and public health concern in Pakistan, particularly in Punjab’s major cities such as Lahore, Multan and Faisalabad, where Air Quality Index levels reached hazardous levels this winter.
Even Islamabad, which has historically enjoyed better air quality, experienced the problem this year, highlighting the urgency to deal with the issue.
According to the interior ministry, the meeting concluded with an agreement to prepare an anti-smog plan for the federal capital through a joint team of the World Bank and the Capital Development Authority (CDA).
“We are ready to formulate an anti-smog strategy in consultation with the CDA,” Benhassine said, noting that a detailed report would be prepared to help identify the causes of the problem.
Meanwhile, Naqvi said the government was introducing Islamabad Water as a dedicated entity to address the city’s water and sanitation needs.
The minister also noted that clean water and sanitation were among the government’s key priorities.
The World Bank has long supported Pakistan in addressing urban challenges, from infrastructure development to disaster recovery.
In recent years, it has financed significant initiatives, including flood relief and housing projects, to aid vulnerable communities and improve urban resilience.
The collaboration on smog mitigation marks a new milestone, highlighting the growing recognition of air quality as a critical component of sustainable urban development.