Government, Khan’s party trade barbs as Pakistan continues to grapple with economic woes

(L-R) Pakistan's former prime minister Imran Khan addresses his supporters as his party issued a “white paper” against Shehbaz Sharif's administration in Lahore on January 3, 2023. Pakistan's Information Minister Marriyum Aurangzeb addresses a press conference in Islamabad on December 24, 2022. (Photo courtesy: Social media)
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Updated 03 January 2023
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Government, Khan’s party trade barbs as Pakistan continues to grapple with economic woes

  • The ex-premier party issues a white paper to document ‘unsatisfactory’ performance of the ruling coalition
  • Information minister tells Khan’s party to document its ‘own corrupt practices’ instead of pointing fingers

ISLAMABAD: Prime Minister Shehbaz Sharif’s government and former premier Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) opposition party on Tuesday engaged in yet another war of words and blamed each other for the country’s economic woes, after the latter issued a “white paper” against the Sharif administration. 

Pakistan has for months been embroiled in an economic crisis, with its current account deficit widening, foreign exchange reserves diminishing below $6 billion and the national currency hitting record lows. The South Asian country is desperately looking for external financing as the specter of a default on its international payments looms large. 

The political instability, which gripped the country since the ouster of Khan from power in April, has also been impacting the frail economy, with investors avoiding taking any positions. 

Khan, who was removed from the office in a no-trust vote, says he was ousted as part of a US-backed conspiracy, enabled by the country’s military and his rival political leaders. He has since been agitating against the government, calling out the ruling coalition for its alleged corruption. The former premier has held several protest rallies and threatened dissolution of two provincial assemblies controlled by his party and allies, in a bid to force early elections in the country. 

In line with the same goal, the PTI released on Tuesday an in-depth report, called a white paper, to highlight the state of Pakistan’s economy. In the document, the party cited comparative statistics and claimed that PM Sharif’s government failed to live up to the people’s expectations ever since it assumed power in April last year. It said that Pakistan witnessed “the best-ever economic performance” in its history during Khan’s tenure. 

“Politics is inextricably connected with the economy, therefore, the nation is afraid as to where the country was heading [under the coalition government],” Khan said at the launch of the report in Lahore. 

In response to the white paper and Khan’s “statement, Information Minister Marriyum Aurangzeb said it was ironic how the same political party, which “destroyed” Pakistan’s booming economy when it came to power in 2018, had the audacity to issue a white paper about the performance of the ruling coalition. 

“No white paper can whitewash the wrongdoing [of the PTI-led government] and no white paper can cover up the economic destruction [Khan] carried out [during his term],” Aurangzeb said at a press briefing after Khan’s speech. 

 

 

The information minister cited several figures about the performance of the government to counter the PTI’s claims in the white paper, asking the opposition party to rather document its “own corrupt practices.” 

“Do you think you can fool the Pakistani nation by issuing this white paper,” she asked Khan. 

During his speech, Khan also called out the government for approaching the International Monetary Fund (IMF) and said that instead of asking the global money lender for help, the government should have focused on its exports. 

“When a country goes to the IMF, it risks its sovereignty because the country has to obey the body’s orders,” Khan said. 

“You are no longer in a position to make your own decisions.” 

Replying to Khan, Aurangzeb said the former premier had “no right” to point fingers at the government for seeking the IMF’s assistance as it was his government that had signed $6 billion deal in 2019, which was later expanded to $7 billion. 

“You had claimed that you’d rather opt for suicide than go to the IMF, but you still did and also signed deals with it,” she said, lamenting that Khan still had the temerity to accuse others. 

The statements from both sides came as Pakistan’s foreign minister issued an emotional appeal ahead of a major conference next week, urging the international community to generously donate funds for the country’s flood victims. 

The gathering in Geneva on Monday — jointly hosted by the United Nations and Pakistan — aims to raise funds for the victims of last summer’s unprecedented flooding, which experts partly attribute to climate change. 

The disaster killed 1,739 Pakistan, affected another 33 million and caused the South Asian nation more than $30 billion losses. 


Saudi Arabia says SFD could contribute over $100 million to Pakistan’s mining infrastructure

Updated 4 sec ago
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Saudi Arabia says SFD could contribute over $100 million to Pakistan’s mining infrastructure

  • The Kingdom is hosting a three-day Future Minerals Forum summit from Jan. 14-16 in Saudi capital 
  • Saudi minister Bandar Alkhorayef says Manara Minerals looking at investing in Pakistan’s Reko Diq mine

RIYADH: Saudi Arabia’s Mining Minister Bandar Alkhorayef told Reuters on Wednesday that mining company Manara Minerals was looking at investing in Pakistan’s Reko Diq mine, saying that the Saudi Development Fund could contribute over $100 million to Pakistan’s mining infrastructure.
Executives from Manara visited Pakistan in May last year for talks about buying a stake in the Reko Diq mine, considered one of the world’s largest underdeveloped copper-gold areas by global mining company Barrick Gold, which owns the project jointly with Pakistan. 
Manara, a joint venture between state-controlled miner Ma’aden and the $925 billion Public Investment Fund (PIF), was set up as part of the kingdom’s efforts to diversify its economy away from oil, including by buying minority stakes in assets overseas.
“Part of what we are looking at is how we can help Pakistan also in some infrastructure,” Alkhorayef said in an interview on the sidelines of the Future Minerals Forum in Riyadh.
“Without that infrastructure the economics of the deal are not attractive, so through the Saudi Development Fund we are thinking about how we can finance it.”
He also spoke about Saudi Arabian state oil giant Aramco’s project to extract lithium, saying it is “promising, but not yet commercially viable.” 
Aramco has partnered with the King Abdullah University for Science and Technology (KAUST) for the pilot, Bandar Alkhorayef said. 
Lithium Infinity, also known as Lihytech, a start-up launched out of KAUST, is leading the extraction project with cooperation from Saudi mining company Ma’aden and Aramco.
Lithium is a key component in the batteries of electric cars, laptops, and smartphones. Reuters previously reported that Saudi Arabia and the United Arab Emirates’ national oil companies planned to extract the mineral from oil runoffs.


Pakistan’s army, foreign office reject Indian army chief’s ‘epicenter of terrorism’ allegations

Updated 22 min 31 sec ago
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Pakistan’s army, foreign office reject Indian army chief’s ‘epicenter of terrorism’ allegations

  • India’s army chief this week accused Pakistan of being involved in infiltration attempts by “terrorists” in India
  • Pakistan’s army says statement “contrary to facts,” attempt to divert attention from “brutality” in Indian-held Kashmir

ISLAMABAD: Pakistan’s army and foreign office on Wednesday rejected Indian Army Chief General Upendra Dwivedi’s recent statement in which he referred to Pakistan as the “epicenter of terrorism,” dismissing his remarks as an attempt to deflect the world’s attention from alleged brutalities in disputed Kashmir by New Delhi. 
In a statement on India’s Army Day on Monday, Gen. Dwivedi accused Pakistan of “orchestrating” infiltration attempts in India, describing Pakistan as the “epicenter of terrorism.” He said 60 percent of the “terrorists” India eliminated last year were of Pakistan origin. 
Nuclear-armed neighbors India and Pakistan have fought two out of three wars over the disputed Himalayan Kashmir valley. Both claim the territory in full but administer only parts of it. India accuses Pakistan of arming militants in the Kashmir territory under its control, allegations that Islamabad has denied. Pakistan, on the other hand, accuses India of repressing the rights of Kashmiris in India and denying them the right of self-determination. 
“Insinuating Pakistan as the epicenter of terrorism by the Indian Army Chief, is not only contrary to facts, but also an exercise in futility to beat the dead horse of India’s default position — blaming Pakistan for indigenous reaction to state-sponsored brutality,” a statement from the army’s media wing said.
The Inter-Services Public Relations, the army’s media wing, said Dwivedi’s remarks were a case of “extreme duplicity” aimed to diverting the world’s attention from India’s “brutality” in the region of Kashmir under its control. 
The army said that such repression has only strengthened the resolve of Kashmiris for their right of self-determination, which is enshrined in the UN Security Council Resolutions.
“Instead of trying to conjure up a non-existent terror infrastructure in Pakistan, it would be wise not to indulge in self-delusion, and appreciate the ground reality,” the army said. “Pakistan takes strong exception to such baseless and unfounded statements.”
In a separate statement earlier on Wednesday, the foreign office rejected Gen. Dwivedi’s “baseless accusations and unfounded assertions.”
“Pakistan also underscores that provocative statements of this nature are counterproductive to regional peace and stability,” the foreign office said. 
Political tensions between the two countries have remained high since 2019 when Indian Prime Minister Narendra Modi withdrew Jammu and Kashmir’s special autonomy in 2019 and split the former state into two federal territories. 
Pakistan described the move as unilateral and illegal, saying it was aimed at tightening India’s grip on the Muslim-majority region. Islamabad suspended trade with New Delhi and downgraded diplomatic ties with its neighbor following the decision.


Saudi aid agency KSrelief distributes over 2,000 food parcels in Pakistan

Updated 15 January 2025
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Saudi aid agency KSrelief distributes over 2,000 food parcels in Pakistan

  • Food parcels in flood-affected Sindh and Khyber Pakhtunkhwa regions, benefiting 13,159 people
  • Latest initiative forms part of this year’s Food Security Support Project in Pakistan by KSrelief 

RIYADH: The Kingdom’s aid agency KSrelief has distributed 2,028 food parcels in Pakistan’s flood-affected Sindh and Khyber Pakhtunkhwa regions, benefiting 13,159 people, the Saudi Press Agency reported recently.

Sunday’s initiative forms part of this year’s Food Security Support Project in Pakistan.

The aid reflects the Kingdom’s ongoing humanitarian efforts through KSrelief to assist needy individuals in Pakistan.


Pakistan to cut tariff for electric vehicle charging stations by 45%

Updated 17 min 38 sec ago
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Pakistan to cut tariff for electric vehicle charging stations by 45%

  • The government aims for 30% of vehicles to run on electricity by 2030
  • It has announced a 15-day registration process for charging stations

KARACHI: Prime Minister Shehbaz Sharif has decided a 45 percent reduction in electricity tariffs for electric vehicle (EV) charging stations, cutting rates from Rs71.10 per unit to Rs39.70 per unit, said Pakistan’s Energy Minister Awais Ahmad Khan Leghari on Wednesday.
Pakistan has actively promoted EV adoption to combat environmental challenges, reduce reliance on imported fossil fuels and improve urban air quality. Under its Electric Vehicle Policy 2019-2024, the government aims for 30 percent of vehicles to run on electricity by 2030.
However, inadequate charging infrastructure, frequent power outages and the high cost of EVs have hindered progress.
“Today, the prime minister has decided that including taxes, we were charging a tariff of Rs71.10 [$0.26] to these charging stations,” Leghari told reporters in Islamabad. “What the distribution companies used to charge them, we are reducing it approximately by 45 percent and announcing a tariff of Rs39.70 [$0.18] today.”
Leghari said that there were no charging stations for motorbikes, three-wheelers and rickshaws in Pakistani neighborhood.
“And the reason for that absence is the high cost of electricity,” he added. “And the absence of laws and regulations on the basis of which this business can start.”
A statement issued by the power division said the country’s first-ever regulations for establishing EV charging stations and battery swapping points was being implemented under the National Energy Conservation Authority, with an official gazette notification issued.
It highlighted the economic benefits of these measures, saying that switching motorcycles to electric technology at an average cost of Rs50,000 could save $6 billion annually on fuel.
Similarly, electrifying three-wheeled rickshaws could significantly reduce urban travel costs and help combat air pollution.
The reduced EV charging costs are also expected to lower transportation expenses, positively impacting goods delivery and essential commodity prices.
The government has decided to support these initiatives through a one-window registration process for setting up charging stations and battery points, allowing approvals within 15 days.
Registration fees have been set at Rs50,000 to encourage local and foreign investment.
Prime Minister Sharif, while presiding over a meeting in Islamabad, also praised the power division’s policy on electric vehicles, describing it as “highly encouraging.”
He emphasized that the adoption of electric vehicles would reduce foreign exchange expenditure on petrol and diesel imports while providing an environmentally friendly mode of transportation.
The PM also directed the relevant authorities to actively promote the government’s policy on electric vehicles.
 


Pakistani PM orders cooperation with Interpol against suspects running human trafficking schemes abroad

Updated 15 January 2025
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Pakistani PM orders cooperation with Interpol against suspects running human trafficking schemes abroad

  • Illegal immigration in spotlight in Pakistan since last month after five Pakistani nationals killed in boat capsize off Greek coast 
  • In 2023, hundreds, including 262 Pakistani nationals, drowned when an overcrowded vessel sank off Greek coast

ISLAMABAD: Pakistani Prime Minister Shehbaz Sharif on Wednesday called on the Federal Investigation Agency (FIA) to work with international police organization Interpol for the extradition of suspects running the “heinous business of human trafficking abroad.”

The issue of illegal immigration has been in the spotlight in the South Asian nation since last month following the death of five Pakistanis when a migrant boat capsized off the southern Greek island of Gavdos. 

The tragedy, which occurred on Dec. 14, underscored the perilous journeys many migrants undertake due to military or political conflicts in their home countries or in search of better financial prospects. 

On Wednesday, Sharif presided over a review meeting to discuss progress on actions taken against human trafficking.

“Prime Minister instructed the FIA ​​to seek cooperation from Interpol for the extradition of the most wanted smugglers running the heinous business of human trafficking abroad,” the PM’s office said in a statement. 

“Ministry of Information and Broadcasting should run an effective awareness campaign about illegal foreign travel and human trafficking.”

Authorities told Sharif dozens of traffickers had been arrested in 2024 and several government officials who were found to be facilitating them had been dismissed and several more were facing disciplinary action.

“Punitive measures are being taken against government officials involved in human trafficking,” the statement added. “Assets worth over Rs 500 million of human traffickers have been seized and the process of confiscating more is underway rapidly … Special prosecutors have been appointed to prosecute human traffickers.”

In 2023, hundreds of migrants, including 262 Pakistanis, drowned when an overcrowded vessel traveling from Libya capsized and sank in international waters off the southwestern Greek coastal town of Pylos.