UAE-based DP World to invest millions in Pakistan’s infrastructure, logistical development

UAE-based multinational logistics company DP World's Sultan Ahmed Bin Sulayem speaks during an inauguration ceremony of the new container terminal Berbera Port in Dubai on March 3, 2023. (Photo courtesy: DP World)
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Updated 03 March 2023
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UAE-based DP World to invest millions in Pakistan’s infrastructure, logistical development

  • The company has appointed Fakhar-e-Alam as vice chairman to spearhead ‘multibillion-dollar investment strategy’ in Pakistan
  • Alam says the multinational company’s investment will create thousands of jobs, enhance the country’s logistical capabilities

ISLAMABAD: A United Arab Emirates-based multinational logistics company is set to invest millions of dollars by expanding its operations in Pakistan, with a focus on improving the country’s road network and ports, said the company’s newly appointed vice chairman Fakhar-e-Alam on Thursday.

Earlier this week, Dubai Port (DP) World announced in a statement it had appointed Pakistani celebrity Alam as its vice chairman to spearhead a “multibillion-dollar investment strategy” in the South Asian country.

DP World is a global port operator and logistics company operating in over 69 countries across every continent. It is said to be “the crown jewel enterprise of Dubai” which is currently valued at about $90 billion. The company’s core business has also facilitated global trade flow.

“DP World has been in Pakistan for many years and has been a driving force in making Port Qasim one of the most successful ports in Pakistan,” Alam told Arab News over the phone from Dubai.

He said as the vice chair of the company, his basic responsibility would be to advance its interest and align it with Pakistan’s own economic goals for the future.

“We are talking about [a] multimillion-dollar set of investments in different fields, including capacity building of Port Qasim, furthering the networking roads within the eco-system of Pakistan, establishing new dry ports, and taking the logistics connection all the way to the Central Asian countries,” he said.

Alam added that a lot of cargo from Karachi was already being transported to Afghanistan and beyond, but there were many gaps in the market.

“I will focus on addressing those gaps through DP World investment as we are trying to [make] Pakistan’s logistics environment efficient, sustainable, and economically viable for operators and the country,” he continued.

Alam said Pakistan’s geopolitical location would become more accessible through this new investment, integrating the country more strongly with other states in the region.

“Pakistan’s economy can benefit as we will create more jobs during the development [of these] projects,” he said, adding that DP World’s main job was to move cargo from one place to another through better logistics facilities.

“It is a huge undertaking,” he informed Arab News. “We are also [investing] in the railways and road networks, logistics, and coal chain [in Pakistan].”

Alam said DP World would ensure the implementation of international standards through an eco-friendly environment in its projects.

“Our chairman Sultan Ahmed Bin Sulayem [has been] advocating for the reduction of carbon footprints in our logistics operations to minimize the impact of carbon on the environment,” he continued. “So, we will bring international standards [of] logistics machinery, and vehicles, and do everything to implement the vision of our chairman [in relation to the establishment of an] eco-friendly environment.”

DP World had been doing this in more than 80 countries around the world, Alam said, it would employ the same strategy in Pakistan as well.

“In the short term, we are looking forward to increasing the capacity of Port Qasim so that we can rig in bigger vessels at this port and handle more volumes,” he added. “Another project is improving the road networks and trucking logistics of dry ports in Pakistan.”

Alam added that the projects would create thousands of jobs in Pakistan.

“When big vessels [arrive] at the Port Qasim, [they] will bring more cargo and create opportunities for laborers, technical support people, truckers, ground handlers, dispatch, and others,” he said.

“Because we are going to increase dry ports across Pakistan, these job opportunities will increase in all parts of the country and these are thousands of people you are talking about [who] we will need during this expansion of operations,” he added.

Alam pointed out the UAE had always stood by Pakistan, adding the leaders of the Gulf state had a soft corner for the South Asian state.

“They have helped us in all the humanitarian crises, even [when] we mismanaged our finances, they were always there to help us in some way or the other,” he added.

Alam said it was a tremendous honor to serve a great Dubai-based company and expressed hope that he would build new bridges between the two brotherly nations and economic corridors with the region.


Pakistan, US agree to schedule key talks on trade and investment ‘soon’

Updated 19 September 2024
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Pakistan, US agree to schedule key talks on trade and investment ‘soon’

  • Trade and Investment Framework Agreement serves as platform for both countries to resolve issues related to bilateral trade
  • Commerce minister says US remains Pakistan’s” top” trading destination, calls for strengthening bilateral trade relations 

ISLAMABAD: Pakistan’s Commerce Minister Jam Kamal and US Trade Representative Katherine Tae on Thursday held talks focused on enhancing bilateral trade relations between the once close allies, with both sides agreeing to schedule the key Trade and Investment Framework Agreement (TIFA) talks “soon.”

TIFA serves as a platform for Pakistan and the US to improve market access, promote bilateral trade and investment, resolve disputes, and work on trade-related issues between the two countries. 

Pakistan and the US took part in high-level trade talks in Feb. 2023 when both countries participated in the 9th Pakistan-United States Trade and Investment Framework Agreement (TIFA) Council meeting. That meeting took place after seven years. 

Khan held a virtual meeting with Tai during which he said America remains Pakistan’s “top trading destination, expressing his country’s desire to further expand this partnership. 

“During the meeting, it was confirmed that the next Trade and Investment Framework Agreement (TIFA) meeting would be scheduled soon, along with discussions on agriculture, textiles, women’s empowerment, IT and E-commerce,” the commerce ministry said in a statement. 

Khan highlighted Pakistan’s “strong performance” in the agriculture sector, particularly in mangoes and dates, the ministry said, adding that he also spoke about the potential for growth in value-added agro-services.

Tai acknowledged Pakistan’s contributions, particularly its agricultural exports, and praised the quality of Pakistani mangoes, the statement said. 

“Minister Jam Kamal invited Tai to attend Pakistan’s TEXPO in October,” the commerce ministry said. It said Tai was grateful for the invitation and expressed interest in attending the event. 

In return, Tai invited Kamal to visit Washington to further explore trade opportunities between the two countries.


Pakistan PM says Islamabad keen to expand trade, security cooperation with Russia

Updated 19 September 2024
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Pakistan PM says Islamabad keen to expand trade, security cooperation with Russia

  • Visiting Russian deputy PM calls on Shehbaz Sharif in Islamabad to discuss bilateral relations 
  • Islamabad has recently sought to strengthen ties with Moscow to address its economic woes

Islamabad: Pakistan’s Prime Minister Shehbaz Sharif on Thursday said Islamabad was keen to expand its trade, energy, connectivity and security cooperation with Moscow during his meeting with visiting Russian Deputy Prime Minister Alexei Overchuk. 

Overchuk arrived in Pakistan’s capital Islamabad on Wednesday on a two-day official visit with a high-level delegation. He has held talks with Deputy PM Ishaq Dar, Pakistan’s army chief and leading officials in Islamabad to bolster trade, investment, security and energy cooperation with Pakistan. 

Islamabad has recently sought to strengthen ties with Moscow, including requests for discounted crude oil to address its balance of payments crisis and high energy import bill, as part of a broader strategy to diversify its international partnerships and economic dependencies.

“The Prime Minister stated that Pakistan is keen to expand trade, economic, energy, connectivity and security cooperation with Russia,” the Prime Minister’s Office (PMO) said in a statement. 

Sharif told Overchuk that Pakistan considers strengthening relations with Russia as an important priority of Pakistan’s foreign policy, the PMO said. 

Overchuk thanked the Pakistani premier for giving him a warm welcome and reiterated Moscow’s resolve to deepen relations with Islamabad, the PMO said. 

“He characterized Pakistan-Russia relations as constructive and mutually beneficial,” it added. 

Sharif also witnessed the signing of a memorandum of understanding between the two countries to further strengthen mutually advantageous cooperation in all areas of shared interest, especially trade, investment, energy, IT, agriculture, science & technology and education.


Pakistani blockbuster ‘The Legend of Maula Jatt’ to release in India on Oct 2

Updated 19 September 2024
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Pakistani blockbuster ‘The Legend of Maula Jatt’ to release in India on Oct 2

  • Film is a reboot of a hyper-masculine Punjabi film from four decades ago
  • Political tensions between India and Pakistan result in minimum cultural exchanges

ISLAMABAD: Pakistani blockbuster movie “The Legend of Maula Jatt” starring superstars Fawad Khan, Mahira Khan and Hamza Ali Abbasi is set to be released in Indian theaters on Oct 2, the film’s director Bilal Lashari confirmed on Wednesday. 

Released in October 2022, the movie is a reboot of a hyper-masculine Punjabi film that enchanted viewers four decades ago. It has not only won critical acclaim but also done incredibly well in domestic and international markets. 

Pakistan and India have fought three wars since gaining independence in 1947, two of them over the disputed Himalayan territory of Kashmir. Political tensions between the two nuclear-armed neighbors still dominate their relations, resulting in minimum cultural exchanges. 

“Releasing in India, Punjab on Wednesday 2nd Oct! Two years in, and still house full on weekends in Pakistan!” Lashari said in a social media post on Instagram. 

“Now, I can’t wait for our Punjabi audience in India to experience the magic of this labor of love!”

The film’s official Instagram page wrote that the official list of cinemas that would screen the movie would be revealed soon. 

Upon its release in October 2022, the film broke all previous local cinema records by grossing an impressive Rs1.5 billion – or over $6.78 million at the time – since its release in Pakistan and the rest of the world.


Speaker tells Pakistan election body to ‘honor’ parliament’s laws amid tensions with judiciary

Updated 19 September 2024
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Speaker tells Pakistan election body to ‘honor’ parliament’s laws amid tensions with judiciary

  • Pakistan’s top court in July ruled that ex-PM Khan’s party is entitled to reserved seats in parliament for women and minorities
  • Sharif’s government last month amended country’s election law that restricts allottment of reserved seats to ex-PM Khan’s party 

ISLAMABAD: Pakistan’s National Assembly Speaker Sardar Ayaz Sadiq on Thursday told the country’s electoral body that amendments made to Pakistan’s election laws last month would supersede a prior ruling of the top court related to reserved seats in parliament, raising fears of a standoff with the Supreme Court. 

Sadiq’s letter to the Election Commission of Pakistan (ECP) came after the Supreme Court censured the election regulatory authority last week for what it said were “dilatory tactics” to avoid implementing a judgment on reserved seats for women and minorities in the national and provincial legislatures that favored the opposition Pakistan Tehreek-e-Insaf (PTI) party. 

In a verdict on July 12, a 13-member bench of the court declared the PTI of Pakistan’s jailed former prime minister Imran Khan eligible for reserved seats after the ECP forced the party’s candidates to contest the February 8 polls as independents. After the election, the PTI-backed candidates were forced to join Sunni Ittehad Council (SIC) party to claim a share of the reserved seats as independents are not eligible for the extra seats.

The Supreme Court overturned the ECP’s decision, saying it had misconstrued an earlier verdict related to the party’s election symbol by depriving the PTI of the reserved seats. The verdict was a blow to the ruling coalition government led by Prime Minister Shehbaz, which could lose its two-thirds majority if the verdict is implemented. 

In August, Pakistan’s parliament passed the Elections (Second Amendment) Bill, 2024, which restricted granting the reserved seats in parliament to the PTI. The bill says that if a candidate does not submit a declaration of his affiliation with a political party to the returning officer before seeking the allotment of an election symbol, he or she shall be “deemed to be considered as an independent candidate and not a candidate of any political party.” 

“As the judgment of the SC was rendered based on the law prior to the enactment of the amendment, the said judgment is now incapable of implementation,” Sadiq wrote in a letter to the ECP. 

“Instead, it is the Amended Election Act that shall prevail and supersede the prior ruling.”

He pointed out that the consistent jurisprudence of the Supreme Court also held the view that the parliamentary law was superior to the court’s order. 

“It is also brought to your kind notice that the Amended Election Act is in the field, therefore, it is the statutory obligation of the ECP to honor the laws made by Parliament and uphold the principles of democracy and parliamentary supremacy,” the letter said. 

He warned that actions perceived to be undermining parliament’s sovereignty can “erode public trust and confidence in our institutions.”

CONSTITUTIONAL AMENDMENTS

The development takes place at a time when Sharif’s coalition government is planning to get a constitutional amendment passed from parliament to allegedly give an extended term to the country’s top judge. 

The amendment requires a two-thirds majority in both houses of parliament, though the coalition can lose a portion of its existing number of seats after the Supreme Court’s July 12 ruling on reserved seats gets implemented. 

The package of reforms, widely believed to include as many as 22 amendments to the constitution, is expected to increase the retirement age of superior judges by three years and change the process by which the Supreme Court chief justice is appointed.

The amendments have raised widespread concerns among opposition parties and legal experts who say the moves are aimed at increasing the government’s power in making key judicial appointments and dealing with the defection of lawmakers during house votes. 
 


Pakistani blasphemy suspect’s family forgives police officer accused of killing him

Updated 19 September 2024
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Pakistani blasphemy suspect’s family forgives police officer accused of killing him

  • Abdul Ali, 52, was shot dead last week in a heavily fortified police station in Quetta
  • Killer was a police office who had accessed facility by pretending to be Ali's relative

QUETTA: The family of a blasphemy suspect killed in custody in southwestern Pakistan has forgiven the police officer accused of killing him, saying they would not press charges “in the name of God.”

Abdul Ali, 52, also known as Sakhi Lala, was shot dead last week in a heavily fortified police station in Quetta, the capital of Balochistan province, by police officer Saayd Mohammad Sarhadi, who had accessed the facility by pretending to be Ali’s relative, police said.

“We will not fight the case,” Ali’s son Muhammad Usman told a press conference late on Wednesday, sitting with another brother and some elders from his tribal clan. “We have forgiven the police officer in the name of God.”

One of the elders, Faizullah Noorzai, said the tribe would disown Ali. “We and our families are the kind of people who would sacrifice their lives for the sake of the Prophet Muhammad and his respect.”

Blasphemy is punishable by death in predominantly Muslim Pakistan. No one has been executed by the state for the crime, but dozens of those accused have been lynched by mobs before trial.

Such killings are often glorified. The father of Ali’s alleged killer, Hajji Daad Muhammad, has been receiving visitors paying their respects at his house since last week’s killing.

The US Commission on International Religious Freedom says the South Asian country is one of the world’s strictest and most frequent enforcers of blasphemy laws.

Blasphemy accusations fueled mobs that attacked Christian neighborhoods in the eastern province of Punjab, burning several churches and displacing hundreds of people last year.

A court will consider the plea by Ali’s family for a pardon and decide whether to proceed with charging the officer, said a senior police officer who asked not to be named due to the sensitivity of the issue.

Ali’s alleged blasphemy centered on an argument he had had about politics and the Prophet Muhammad, according to a police investigator. He had been moved to the more secure police station after hundreds gathered outside the facility where he was initially detained, chanting that they wanted to kill him publicly.