PM says ‘very hopeful’ to sign IMF deal this month to resume Pakistan loan

Pakistan Prime Minister Shehbaz Sharif addresses a ceremony in Islamabad, Pakistan, on January 27, 2023. (Photo courtesy: Government of Pakistan)
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Updated 27 January 2023
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PM says ‘very hopeful’ to sign IMF deal this month to resume Pakistan loan

  • IMF mission to visit Pakistan on January 31 to discuss loan program as Islamabad desperately seeks another tranche
  • A market-based mechanism to determine rupee’s value is a key prior action for the country to receive IMF support

ISLAMABAD: Prime Minister Shehbaz Sharif said on Friday he was “very hopeful” of signing a deal with the International Monetary Fund (IMF) within January on a stalled ninth review of the country’s current funding program.

The IMF on Thursday said its mission would visit Pakistan on January 31 to discuss the loan program, as Islamabad desperately seeks another loan tranche to shore up its foreign exchange reserves, which have declined to a staggering $3.6 billion, not even enough to cover a month of imports.

Pakistan secured a $6 billion IMF bailout in 2019, which was topped up with another $1 billion last year, but the lender then stalled disbursements in November due to Pakistan’s failure to make more progress on fiscal consolidation and economic reforms.

“I am very hopeful that we will sign a deal with the IMF this month and will be able to overcome our [economic] difficulties,” the PM said while addressing an event in Islamabad. “After that, our multilateral and bilateral institutions will also be able to work alongside the government.”

His remarks came as the Pakistani rupee fell 9.6 percent against the dollar in the inter-bank market on Thursday, the biggest one-day drop in over two decades, a day after foreign exchange companies removed a cap on the exchange rate.

“These are tough times… without exaggeration, I can say that the conditions were very tough when we formed a government [in April last year],” Sharif said. “But by the mercy of God, this coalition setup was able to work day and night [for the betterment of the country]. I can say with certainty that we will successfully come out of this [economic crisis] situation.”

As a result of fast-depleting foreign reserves, the government has restricted the import of goods, including industrial raw materials, to stop dollar outflows.

The prime minister said the government had created a priority list of imports in view of the forex situation so that the country could continue to function.

“We have made a list of priorities in view of our foreign reserves,” he said. “Exporters, food items, and medicines, among other items without which a country cannot [survive], will continue to be imported.”

Multilateral and bilateral financing pledges for Pakistan’s effort to rebuild after devastating floods last year are also tied to the country getting the green light from the IMF.

The IMF wants Pakistan to reestablish a market-based mechanism to determine the value of the Pakistani rupee. Such a mechanism is a key prior action for the country to receive IMF support, but it has fallen short of this until this week.


Pakistan president calls for education, financial freedom to combat violence against women

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Pakistan president calls for education, financial freedom to combat violence against women

  • Zardari urges ‘systematic reforms’ on International Day to End Violence Against Women
  • Pakistan has introduced laws to protect women, but their implementation is inadequate

ISLAMABAD: President Asif Ali Zardari on Monday called for intensified efforts to eliminate violence against women, emphasizing education and financial independence as essential tools to empower women and ensure their safety.
Zardari issued the statement on the International Day for the Elimination of Violence against Women, observed annually on November 25, to highlight the global issue of gender-based violence, which affects one in three women worldwide, according to the United Nations.
In Pakistan, the problem is compounded by deeply rooted patriarchal norms, with incidents of domestic abuse, honor killings and workplace harassment remaining widespread despite existing laws.
“Today, we renew our commitment to protecting women’s rights, providing a safe and supportive environment and eradicating violence,” the president said in a statement. “It is essential to provide women with education and skills and ensure their financial independence.”
“Every year, thousands of women lose their lives due to violence,” he added. “To prevent violence against women, strategies and systemic reforms must be implemented.”
Pakistan has introduced several laws to protect women, including legislation against sexual violence and workplace harassment. However, human rights organizations point to significant gaps in enforcement and the persistence of discriminatory attitudes that undermine women’s safety.
The president described violence against women as a “major human rights issue,” stressing the importance of raising awareness about women’s rights and the urgent need for collective action to create a safer society.
“Through collective efforts, we can create a safer, violence-free environment for women,” he said.
The president also recalled how Pakistan’s only female prime minister, his late wife Benazir Bhutto, emphasized economic freedom and social equality to improve the quality of life for women in the country.
He said she aspired to create a society free from exploitation and mistreatment of women.
“I am pleased that meaningful efforts are being made in Pakistan to eliminate violence against women,” he added. “Through collective efforts, we can create a safer, violence-free environment for women.”


Elephant Madhubala set to reunite with kin on Tuesday after 15-year separation

Updated 41 min 20 sec ago
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Elephant Madhubala set to reunite with kin on Tuesday after 15-year separation

  • Madhubala has languished in Karachi Zoo’s solitary confinement since April 2023 after elephant Noor Jehan died
  • Animal rights activists have campaigned for elephants to be shifted to species-appropriate sanctuaries 

KARACHI: Elephant Madhubala is set to be reunited with her cousins at Karachi’s Safari Park sanctuary on Tuesday after being separated from them for 15 years and spending a year in solitary confinement, an animal welfare organization said. 
Madhubala, one of only three captive elephants in Pakistan, was brought to the country in 2009 along with three other elephants from Tanzania. She and her companion, Noor Jehan, were separated from their kin about 15 years ago and brought to the Karachi Zoo. 

This handout photo, taken and released by FOUR PAWS International, a Vienna-based animal welfare organization, on November 24, 2024, shows Madhubala, one of only three captive elephants in Pakistan, at a zoo in Karachi. (Photo courtesy: FOUR PAWS/Handout)

Noor Jehan passed away in April 2023, leaving Madhubala in solitary confinement at the zoo since then. Animal rights organizations have vigorously campaigned for Madhubala to be shifted to the Safari Park, saying the solitary confinement has taken a toll on her health. 
A team from FOUR PAWS International, a Vienna-based animal welfare organization, has arrived in Karachi to oversee Madhubala’s transfer to the sanctuary. 
“I’m excited to see how Madhubala will react when she meets her cousins,” Dr. Amir Khalil, director of reveal and rescue at FOUR PAWS, told Arab News. 

This handout photo, taken and released by FOUR PAWS International, a Vienna-based animal welfare organization, on November 24, 2024, shows officials from the FOUR PAWS work on a sanctuary being created for Madhubala, one of only three captive elephants in Pakistan, at Safari Park in Karachi. (Photo courtesy: FOUR PAWS/Handout)

“Imagine someone who hasn’t seen their siblings in fifteen years — how will she feel when they finally reunite?”
Animal rights activists have long campaigned against the plight of animals in Pakistan, especially elephants, and demanded they be shifted to “species-appropriate” locations such as the Safari Park.
FOUR PAWS has said the elephant enclosures at Safari Park would have water elements for bathing, skincare and thermoregulation. Enrichments such as hay nets, varying substrates like soil, sand, clay, and sawdust will be provided for Madhubala to dust bathe while the area is secured by elephant-proof fencing.

This handout photo, taken and released by FOUR PAWS International, a Vienna-based animal welfare organization, on November 24, 2024, shows Madhubala, one of only three captive elephants in Pakistan, at a zoo in Karachi. (Photo courtesy: FOUR PAWS/Handout)

Four Paws said in a statement last month that the adaptation work at Karachi’s Safari Park had reached its final stage. Madhubala will be carried from the Karachi Zoo to the Safari Park in a huge transport crate. 
The elephant was trained to enter and exit the crate by herself and sit inside it earlier this year. 
“As part of the final preparations, the focus now lies on completing the landscaping of the elephant enclosure at Safari Park, finalizing enrichment features, and continuing the necessary training of the three elephants, including resuming crate training for Madhubala,” FOUR PAWS said last month.

This handout photo, taken and released by FOUR PAWS International, a Vienna-based animal welfare organization, on November 24, 2024, shows official from the FOUR PAWS works on a sanctuary being created for Madhubala, one of only three captive elephants in Pakistan, at Safari Park in Karachi. (Photo courtesy: FOUR PAWS/Handout)

The relocation, among others, will be witnessed by Karachi Mayor Murtaza Wahab, the consul general of the United Arab Emirates and the ambassador of Austria.

This handout photo, taken and released by FOUR PAWS International, a Vienna-based animal welfare organization, on November 24, 2024, shows Madhubala, one of only three captive elephants in Pakistan, at a zoo in Karachi. (Photo courtesy: FOUR PAWS/Handout)

 


Pakistan Senate chairman leaves for Saudi Arabia to strengthen bilateral ties

Updated 25 November 2024
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Pakistan Senate chairman leaves for Saudi Arabia to strengthen bilateral ties

  • Yousuf Raza Gillani to meet Saudi Shoura Council chairman, governors of Riyadh and Madinah during visit
  • Pakistan and Saudi Arabia closely cooperate in defense, military, economy, trade and other vital sectors

ISLAMABAD: Pakistan’s Senate Chairman Yousuf Raza Gillani left for a five-day trip to Saudi Arabia on Monday with his visit aimed at strengthening bilateral ties and promoting institutional cooperation between Islamabad and Riyadh, the Senate Secretariat said. 
The invitation to Gillani and his delegation was extended by Saudi Arabia’s Shoura Council, the secretariat said. The Majlis Al-Shoura, or Consultative Council, is a legislative body that advises the Saudi king on issues that are important to Saudi Arabia.
“Chairman Senate Syed Yousuf Raza Gillani has left for a five-day trip to Saudi Arabia with a delegation,” the Senate Secretariat said in a statement. 
“The aim of the visit is to further promote bilateral relations and institutional cooperation.”
The Pakistani delegation will hold high-level meetings with the Shoura Council chairman, governors of Madinah and Riyadh, and conduct other high-level meetings, it said. 
Pakistan and Saudi Arabia enjoy cordial relations that have resulted in close cooperation in defense, military, economic and other sectors. 
Last month, Pakistan and Saudi Arabia signed investment agreements worth $2.8 billion while Crown Prince Mohammed bin Salman has pledged to expedite a $5 billion investment portfolio for Islamabad.
Saudi Arabia has frequently bailed Pakistan out of its economic crisis over the years, coming to its aid with loan rollovers and providing oil on deferred payments to Islamabad.


Sri Lankan artist immortalizes Pakistan’s Olympic hero Arshad Nadeem with special painting

Updated 25 November 2024
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Sri Lankan artist immortalizes Pakistan’s Olympic hero Arshad Nadeem with special painting

  • Arshad Nadeem won Pakistan its first Olympic gold medal since 1992 in August with record-breaking javelin throw
  • Titled “The Throw,” Mueen Saheed’s painting features an abstract portrayal of Nadeem and his mother

ISLAMABAD: Sri Lankan artist Mueen Saheed has paid tribute to Pakistani Olympian Arshad Nadeem by dedicating a “special painting” to the sportsman, state-run media recently reported, as a mark of respect for bagging the gold medal for his country earlier this year. 
Nadeem made history at the Paris Olympics in August by setting a new record for the longest javelin throw in the global competition, winning Pakistan its first gold medal since 1992 with a record-breaking 92.97m javelin throw. 
Saheed last week concluded an art cultural tour in Pakistan where he showcased his artwork at three major exhibitions in Lahore and Islamabad.
“Renowned Sri Lankan artist, Mueen Saheed made a memorable addition to his tour of Pakistan by presenting a special painting dedicated to Arshad Nadeem, Pakistan’s celebrated Olympic gold medalist, to the Pakistan National Council of the Arts (PNCA),” the state-run Associated Press of Pakistan (APP) reported on Sunday. 
The painting, now a part of the PNCA’s prestigious permanent collection, pays homage to Nadeem’s remarkable achievements and his role in uniting fans across borders.
Titled “The Throw,” the painting features an abstract portrayal of Nadeem and his mother, veiled behind Saheed’s distinctive brushstrokes and use of small squares, the APP said. 
The presentation ceremony at the PNCA in Islamabad, part of the artist’s “Passages of Light” exhibition, was attended by key figures in the arts and culture sector, including PNCA Director General Muhammad Ayoub Jamali and Information Minister Attaullah Tarar. 
“Arshad Nadeem’s story is one of resilience and humility,” Saheed explained. “His victory at the Olympics and the moments of sportsmanship with his Indian counterpart, Neeraj Chopra, were powerful examples of unity in competition.”
Tarar praised Saheed’s gesture, noting the significance of honoring a national hero whose journey resonates beyond sports, inspiring audiences from Pakistan, India, and around the world, the state-run media said.


Belarus President Lukashenko to arrive in Pakistan today amid Islamabad protest

Updated 32 min 7 sec ago
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Belarus President Lukashenko to arrive in Pakistan today amid Islamabad protest

  • Thousands of ex-PM Khan supporters expected to arrive in Pakistan’s capital for anti-government protest
  • Pakistan, Belarus expected to sign several agreements during Aleksandr Lukashenko’s three-day visit

ISLAMABAD: Belarus President Aleksandr Lukashenko is scheduled to arrive in Pakistan on a three-day visit today, Monday, as thousands of supporters of former prime minister Imran Khan march toward the capital for an anti-government march. 
Pakistan’s state media said last week that Lukashenko was expected to hold talks with Prime Minister Shehbaz Sharif on bilateral cooperation while several agreements would be signed between the two countries. 
His visit comes at a time when thousands of supporters of jailed ex-PM Khan’s Pakistan Tehreek-e-Insaf (PTI) party are headed toward Islamabad for a protest “long march.” Khan’s party is demanding his release from prison, independence of the judiciary and protesting against alleged rigging in the February national elections. 
“President of the Republic of Belarus Aleksandr Lukashenko will undertake three-day visit to Pakistan from today,” state broadcaster Radio Pakistan reported. 
As a 68-member delegation from Belarus arrived in Pakistan’s capital on Sunday ahead of Lukashenko’s visit, Pakistan’s government described the PTI’s protest as a “deliberate conspiracy” against the country’s “honor,” vowing stern action against any persons found violating the law. 
The government last week took measures to enhance security in Islamabad, sealing off key highways and motorways leading to the capital from surrounding areas with shipping containers. 
Security in the capital has also been beefed up with the deployment of paramilitary forces and police while the government has suspended Internet services in areas deemed sensitive for security. 
PTI CARAVAN
Meanwhile, the PTI convoy led by Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur left Peshawar around 1:30 p.m. on Sunday and reached Swabi in the evening, where it was joined by protesters from across the province.
The caravan then proceeded to Ghazi Barotha near Punjab, where it encountered blockades and barriers. 
Hajji Fazal Elahi, a PTI provincial lawmaker, told Arab News the party supporters were determined to reach D-Chowk, the protest venue in Islamabad.
“We will go to D-Chowk and cross all the barriers, even if it takes a day or two,” he said.
As per the latest updates, the PTI’s caravan has crossed Ghazi Barotha and reached at the Hazara Interchange.
Meanwhile, sporadic clashes erupted between law enforcers and Khan supporters near Islamabad on Sunday night after they tried to enter the capital from the nearby Rawalpindi city. 
Speaking to Arab News, Sayed Zulfikar Bukhari, a senior PTI leader and close aide to Khan, expressed dismay at the government’s response, saying his party only wanted to hold a peaceful protest.
“There is a heavy crackdown in Rawalpindi, as they [the law enforcement officials] have shot rubber bullets, teargas and also picked up people,” he said on Sunday.