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Pakistan’s commerce minister expects IMF deal ‘as early as this week’

A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, on October 12, 2018. (REUTERS/File)
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Updated 23 February 2023
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Pakistan’s commerce minister expects IMF deal ‘as early as this week’

  • Minister Naveed Qamar is currently visiting the United States to hold trade talks with officials in Washington
  • He says Pakistan has taken all the steps required to unlock the IMF fund which should happen ‘any day now’
Updated 23 February 2023
Arab News Pakistan

ISLAMABAD: Pakistan’s commerce minister Syed Naveed Qamar said on Wednesday he was hopeful for the resumption of an International Monetary Fund (IMF) loan program as early as this week during his ongoing official visit to Washington.

Pakistan and the IMF have been negotiating to reach a staff-level agreement to unlock a $7 billion bailout facility which is expected to help the South Asian country battle one of the worst economic crises in its history.

Pakistan is facing a major dollar liquidity crunch which forced its government even to restrict the import of essential items amid a rapid depreciation of its national currency.

An agreement with the IMF can help secure the next tranche of about $1 billion and make it easier for Pakistan to deal with other bilateral and multilateral donors, though it will also require the government to carry out tough economic reforms leading to greater inflation.

“The IMF is set to announce staff deal as early as this week,” Qamar said, according to a statement issued by the commerce ministry, while pointing out that the development was likely to boost investor confidence. “Pakistan has taken all the steps needed to unfreeze the IMF funds and this should happen any day now.”

The commerce minister, who is currently in the US for trade talks with Washington, maintained the IMF agreement would assure investors that Pakistan’s economy was beginning to stabilize and that their money would be protected.

“The IMF program is the beginning, not the culmination, of all other monies flowing in,” he continued.

The commerce ministry statement maintained the World Bank had already forecast that Pakistan’s economic growth was likely to accelerate from two percent to 3.2 percent in the current fiscal year through June 2024.

It added that an increase in imports would also benefit its exports.

At the moment, Pakistan’s credit rating has been downgraded by international firms, such as Fitch Ratings, and the country desperately needs immediate financial assistance.

Topics: Pakistan IMF talk

Pakistan arrests woman among two more human smugglers after deadly Greek shipwreck

Updated 13 sec ago
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Pakistan arrests woman among two more human smugglers after deadly Greek shipwreck

  • The boat capsize near the Greek island of Gavdos killed at least five Pakistani nationals this month
  • The arrests come days after Pakistan PM Shehbaz Sharif ordered a crackdown on human smugglers
Updated 13 sec ago
NAIMAT KHAN

ISLAMABAD: Pakistani authorities have arrested a woman among two more human smugglers after a recent boat tragedy off the coast of Greece that killed at least five Pakistanis, the Federal Investigation Agency (FIA) said on Thursday, an intensified crackdown on human smuggling networks.
The arrests come in the wake of the boat capsize this month near the Greek island of Gavdos, which highlighted the perilous journeys many migrants undertake, often driven by conflicts in the Middle East. In the case of Pakistani nationals, economic challenges push many young individuals to attempt dangerous crossings to Europe in search of better financial prospects.
The issue of illegal immigration to Europe came under greater scrutiny in the South Asian country last year when hundreds of migrants, including 262 Pakistanis, who were en route to Greece from Libya, drowned after an overcrowded vessel capsized off the southwestern Greek coastal town of Pylos.
On Thursday, the FIA said it had apprehended suspects, Isha Fatima and Abdullah Shehzad, who were involved in both incidents, in Gujranwala city of Pakistan’s most populous Punjab province, while the agency was conducting raids for the arrest of other human smugglers.
“Female human trafficker Isha Fatima is involved in the Greek boat accident, while proclaimed offender Abdullah Shahzad is involved in the Libya boat accident that occurred in 2023,” it said in a statement.
“Isha Fatima, with the connivance of other accomplices, trafficked one of the Pakistanis from Libya to Greece via boat. The Pakistani national was rescued in the Greek boat accident [this month].”
The woman suspect had received Rs4.5 million ($16,189) from the survivor, according to the investigation agency. The other suspect, Shehzad, had been involved in the 2023 incident that killed more than 250 Pakistani nationals. He had taken Rs2.9 million ($10,433) from each victim for sending them abroad.
The development came days after the FIA said it had apprehended two suspects in Punjab’s Gujranwala and Gujrat, who were involved in this month’s boat capsize.
Pakistan’s Prime Minister Shehbaz Sharif this month called for enhanced cooperation with international agencies, seeking swift action against human trafficking networks. He also instructed the FIA to compile a detailed report on migration-related incidents over the past year and implement an Integrated Border Management System (IBMS) to monitor and prevent illegal movement.
“A crackdown on elements involved in the Greek boat tragedy is underway. All resources are being utilized to arrest the suspects,” Abdul Qadir Qamar, FIA Gujranwala zone director, said on Thursday.
“In the light of solid evidence, the accused will be handed down stern punishment.”

Topics: human trafficking Federal Investigation Agency greece boat accident

Pakistan vows to extend ‘practical support’ to rehabilitate Palestinian educational institutions

Updated 59 min 44 sec ago
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Pakistan vows to extend ‘practical support’ to rehabilitate Palestinian educational institutions

  • At least 625,000 children have been denied entire year of school due to Israel’s war on Gaza, says UNICEF
  • Pakistan and COMSTECH have partnered to provide fully funded scholarships for hundreds of Palestinians
Updated 59 min 44 sec ago
Shahjahan Khurram

ISLAMABAD: Pakistan’s Education Minister Dr. Khalid Maqbool Siddiqui on Thursday vowed to extend “practical support” to rehabilitate educational institutions in Palestine, the OIC’s Standing Committee on Scientific and Technological Cooperation (COMSTECH) said.

Israel’s military campaigns in Gaza since Oct. 7, 2023, have killed over 44,000 Palestinians. Israel’s bombardment has dealt a heavy setback for education in the area, and according to a report by UNICEF, 625,000 children have been denied an entire school year in Gaza. With the conflict still ongoing, they face the high risk of a second year without education.

COMSTECH, in collaboration with the Association of Private Sector Universities of Pakistan (APSUP), initiated a program in 2021 offering 500 fully funded scholarships and fellowships to Palestinian students. This number was increased to 5,000 scholarships in 2023. Many Palestinian students have already arrived in Pakistan under this program and are pursuing full-degree programs. 

Siddiqui, along with COMSTECH Coordinator General Dr. Muhammad Iqbal Choudhary, visited the Palestinian embassy in Islamabad to discuss matters related to education with Palestinian Ambassador Dr. Zuhair Zaid. 

“He [Siddiqui] assured that Pakistan is committed to extending practical support for the rehabilitation of educational institutions in Palestine,” a press release by COMSTECH said. 

The Pakistani minister reiterated his government and people’s steadfast support for Palestine, COMSTECH said. 

“Sharing insights from his recent visit to Oman, he revealed discussions with educational ministers from other countries about joint actions to assist Palestine in the education sector,” it added. 

Siddiqui said he has proposed convening an extraordinary meeting of the education ministers from OIC member countries in Islamabad to devise a “comprehensive long-term plan for supporting Palestine.”

Zaid expressed thanked the government, COMSTECH and people of Pakistan, the OIC body said. 

“He acknowledged their steadfast support, emphasizing that these efforts will never be forgotten by the Palestinian people,” the statement said.

Topics: pakistan palestine ties COMSTECH

Pakistan PM visits Azerbaijan embassy, condoles loss of lives in Kazakhstan plane crash

Updated 26 December 2024
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Pakistan PM visits Azerbaijan embassy, condoles loss of lives in Kazakhstan plane crash

  • At least 38 people were killed when Azerbaijan Airlines passenger plane crashed in Kazakhstan’s Aktau city
  • Shehbaz Sharif says ties between Pakistan and Azerbaijan rooted in shared religious and cultural values
Updated 26 December 2024
Arab News Pakistan

ISLAMABAD: Prime Minister Shehbaz Sharif visited Azerbaijan’s embassy in Islamabad on Thursday to condole over the loss of lives in the Azerbaijan Airlines plane crash in Kazakhstan, the Prime Minister’s Office (PMO) said. 
At least 38 people were killed when an Azerbaijan Airlines passenger plane with 67 people on board crashed near the Kazakhstan city of Aktau on Wednesday. The Embraer 190 aircraft was en route from the Azerbaijani capital of Baku to the Russian city of Grozny in the North Caucasus.
The Pakistani prime minister visited the Azerbaijan embassy in Islamabad where he met Khazar Farhadov to offer his condolences over the incident.
“In this hour of grief, the government of Pakistan and the people of Pakistan express their complete solidarity with the brothers and sisters of Azerbaijan,” Sharif was quoted as saying by the PMO.

Pakistan Prime Minister Shehbaz Sharif pens down his remarks at the Embassy of Azerbaijan in Islamabad on December 26, 2024. (Photo courtesy: PMO)

The Pakistani prime minister prayed for the speedy recovery of all injured in the blast.
“Azerbaijan and Pakistan have strong relations of brotherhood based on shared religious and cultural values,” Sharif said.
Pakistan has eyed closer economic cooperation with Central Asian states such as Azerbaijan in recent months as the South Asian nation faces an economic crisis. 
During Azerbaijan President Ilham Aliyev’s two-day visit to Pakistan in July, both nations agreed to enhance the volume of bilateral trade to $2 billion, vowing to strengthen ties and increase cooperation in mutually beneficial economic projects. 
They also signed the Pakistan-Azerbaijan Preferential Trade Agreement to boost economic cooperation through the reduction of tariffs on goods like Pakistani sports equipment, leather, and pharmaceuticals as well as Azerbaijani oil and gas products.

Topics: Azerbaijan Airlines

Pakistan reports two new polio cases as 2024 tally surges to 67

Updated 26 December 2024
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Pakistan reports two new polio cases as 2024 tally surges to 67

  • Pakistan detects poliovirus cases from Kashmore in southern Sindh and Tank in Khyber Pakhtunkhwa provinces
  • Efforts to eradicate polio have been undermined by misinformation, opposition from religious hard-liners
Updated 26 December 2024
NAIMAT KHAN

KARACHI: Pakistan reported two new polio cases on Thursday, pushing this year’s tally of the infection to 67, the country’s polio eradication program said amid Islamabad’s struggle to contain the spread of the disease. 
Pakistan, along with neighboring Afghanistan, remains the last polio-endemic country in the world. The nation’s polio eradication campaign has faced serious problems with a spike in reported cases this year that have prompted officials to review their approach to stopping the crippling disease.
The Regional Reference Laboratory for Polio Eradication at Pakistan’s National Institute of Health confirmed that two wild poliovirus type 1 cases, one each from Tank in northwestern Pakistan and Kashmore in Sindh were reported on Thursday. 
“Pakistan is responding to the resurgence of WPV1 this year with 67 cases reported so far,” the Polio Eradication Programme said. “Of these, 27 are from Balochistan, 19 from Khyber Pakhtunkhwa, 19 from Sindh, and one each from Punjab and Islamabad.”
It said that this was the fourth case reported from Tank and second from Kashmore this year.
Pakistani authorities last week conducted a large-scale sub-national polio vaccination campaign in Punjab, Sindh, Khyber Pakhtunkhwa, Azad Jammu and Kashmir, Gilgit-Baltistan and Islamabad, vaccinating over 42 million children. 
The second phase of the campaign is scheduled to begin on Dec. 30, covering Balochistan province. 
Poliovirus, which can cause crippling paralysis particularly in young children, is incurable and remains a threat to human health as long as it has not been eradicated. Immunization campaigns have succeeded in most countries and have come close in Pakistan, but persistent problems remain.
In the early 1990s, Pakistan reported around 20,000 cases annually but in 2018 the number dropped to eight cases. Six cases were reported in 2023 and only one in 2021.
Pakistan’s polio program began in 1994 but efforts to eradicate the virus have since been undermined by vaccine misinformation and opposition from some religious hard-liners, who say immunization is a foreign ploy to sterilize Muslim children or a cover for Western spies. Militant groups also frequently attack and kill members of polio vaccine teams.

Topics: Pakistan Polio Service Polio cases in Pakistan

UN calls for investigation into Pakistan’s alleged air strikes on Afghanistan border

Updated 26 December 2024
AFP
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UN calls for investigation into Pakistan’s alleged air strikes on Afghanistan border

  • UN mission in Afghanistan says dozens of civilians killed in airstrikes this week by Pakistan in Paktika province
  • Islamabad accuses Kabul of harboring militant fighters, allowing them to strike on Pakistani soil with impunity
Updated 26 December 2024
AFP

KABUL: The UN mission to Afghanistan on Thursday called for an investigation into Pakistani air strikes in Afghanistan, in which the Taliban government said 46 people were killed, including civilians.
The United Nations Assistance Mission in Afghanistan (UNAMA) said it had “received credible reports that dozens of civilians, including women and children, were killed in airstrikes by Pakistan’s military forces in Paktika province, Afghanistan, on 24 December.”
“International law obliges military forces to take necessary precautions to prevent civilian harm,” the agency said in a statement, adding an “investigation is needed to ensure accountability.”
The Taliban government said the 46 deceased were mainly women and children, with another six wounded, mostly children.
An AFP journalist saw several wounded children in a hospital in the provincial capital Sharan, including one receiving an IV and another with a bandaged head.
A Pakistan security official told AFP on Wednesday the bombardment had targeted “terrorist hideouts” and killed at least 20 militants, saying claims that “civilians are being harmed are baseless and misleading.”
On a press trip to the area organized by Taliban authorities, AFP journalists saw four mud brick buildings reduced to rubble in three sites around 20-30 kilometers (10-20 miles) from the Pakistan border.
AFP spoke to multiple residents who said the strikes hit in the late evening, breaking doors and windows in villages and destroying homes and an Islamic school.
Several residents reported pulling bodies from the rubble after strikes targeted houses, killing multiple members of the same families.
Afghanistan’s Minister of Borders and Tribal Affairs Noorullah Noori called the attack “a brutal, arrogant invasion.”
“This is unacceptable and won’t be left unanswered,” he said during the site visit.
Pakistani foreign ministry spokesperson Mumtaz Zahra Baloch did not confirm the strikes but told a media briefing on Thursday: “Our security personnel conduct operations in border areas to protect Pakistani from terror groups, including TTP.”
She was referring to the Tehreek-e-Taliban Pakistan (TTP) — Pakistan’s homegrown Taliban group which shares a common ideology with its Afghan counterpart.
The TTP last week claimed a raid on an army outpost near the border with Afghanistan in which Pakistan said 16 soldiers were killed.
Baloch said Pakistan prioritized dialogue with Afghanistan, and that Islamabad’s special envoy, Sadiq Khan, was in Kabul meeting with officials where “matters of security” and “terror groups including TTP” were discussed.
The strikes were the latest spike in hostilities on the frontier between Afghanistan and Pakistan, with border tensions between the two countries escalating since the Taliban government seized power in 2021.
Islamabad has accused Kabul’s authorities of harboring militant fighters, allowing them to strike on Pakistani soil with impunity — allegations Kabul denies.

Topics: Pakistan Afghanistan Tehreek-e-Taliban Pakistan (TTP)

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