Pakistan and UAE agree to enhance bilateral trade volume through wider economic cooperation

Workers arrange portraits of UAE President Sheikh Mohamed bin Zayed al-Nahyan (C) and Pakistan Prime Minister Nawaz Sharif (L) along the constitution avenue in Islamabad on January 29, 2023. (AFP/FILE)
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Updated 09 March 2023
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Pakistan and UAE agree to enhance bilateral trade volume through wider economic cooperation

  • Pakistan’s commerce minister says the bilateral trade figures do not match the actual potential of the two countries
  • He seeks collaboration between both sides in renewable energy, agriculture, textiles, petroleum, and other sectors

ISLAMABAD: Pakistan and the United Arab Emirates on Thursday agreed to enhance bilateral trade volume while pointing out that the import-export figures of the last fiscal year did not match the actual trade potential between the two countries.

The UAE is Pakistan’s third-largest trade partner after China and the United States. It is also viewed as an ideal export destination by the policymakers in the South Asian country to its geographical proximity which reduces the transportation and freight costs and facilitates commercial exchanges.

Currently, Pakistan’s principal exports to the UAE consist of textile products and various food items.

Discussing the bilateral trade relations between the two states, federal minister for commerce Syed Naveed Qamar said in a meeting with UAE ambassador Hamad Obaid Ibrahim Salem Al-Zaabi the two countries could possibly cooperate in several areas to strengthen commercial relations.

“[The minister] highlighted that there was huge potential for cooperation between the two countries in the field of renewable energy, agriculture, textiles, meat of bovine animals, petroleum oils, and hospitality sectors,” said the statement.

Citing the figures from the last fiscal year, Qamar said the trade volume between the two countries was slightly more than $10 billion, out of which exports to the UAE were around $1.37 billion and imports were close to $8.66 billion.

“[The figures from last year] do not match the actual potential of both countries and need to be increased,” the statement quoted the Pakistani minister as saying.

The UAE envoy also agreed with Qamar, saying the two countries could make their relations more resilient by enhancing bilateral trade.
 


Chinese nationals in Pakistan’s Sindh move court against alleged police harassment

Updated 7 sec ago
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Chinese nationals in Pakistan’s Sindh move court against alleged police harassment

  • Development comes days after Sindh government suspended a police officer after a video of him manhandling a Chinese citizen went viral online
  • The court asks the Sindh government, Pakistani foreign ministry, and Chinese diplomatic missions in Islamabad and Karachi to submit a response

KARACHI: A group of six Chinese nationals on Friday moved a high court in Pakistan’s southern Sindh province against alleged harassment, extortion and unlawful restrictions on their movement by provincial police, prompting the court to seek a response from the provincial government, federal foreign ministry and China’s diplomatic missions in Pakistan.
China has become a crucial trade and investment partner for Pakistan since the initiation of the China-Pakistan Economic Corridor (CPEC) in 2013, under which Beijing has pledged over $60 billion in investment projects in Pakistan. A significant number of private Chinese investors have since arrived and established businesses with local partners in Pakistan.
In Sindh, the provincial government has established a Special Protection Unit (SPU) within the provincial police force to ensure security of Chinese nationals, under threat from separatist groups operating in neighboring Balochistan province which have also carried out attacks on Chinese interests and citizens in Karachi, the commercial hub of the country.
On Friday, a Sindh High Court (SHC) bench, led by Justice KK Aga and Justice Adnan Karim, sought response from the Pakistani federal and provincial authorities within four weeks over alleged police harassment of Chinese nationals, days after the Sindh government suspended an SPU officer after a video of him manhandling a Chinese national went viral online.
“The core of the petition is that despite high-level requests for Chinese investment under CPEC and private initiatives, Chinese nationals involved have been subjected to harassment and corruption upon arrival,” Peer Rehman Mehsud, the petitioners’ lawyer, told Arab News.
“In some cases, families were reportedly confined to their residences for nearly a week, infringing on their right to freedom of movement, as protected under both international and Pakistani law.”
The Chinese consulate in Karachi, and spokespersons for the Sindh home minister and provincial police did not respond to Arab News’ request for comment on the matter.
Mehsud said the petition, which was initially filed in December by 12 nationals, was accepted on Friday after only six complainants were able to fulfill legal formalities required to appear in court due to restrictions on their movement.
Chinese nationals are forced to pay bribes to police officers ranging from Rs20,000 ($71) to Rs50,000 ($179) for permission to leave their homes, according to the petition. It demanded a high-level inquiry into the involvement of police officers in their mistreatment.
“Recently, officials of Police Station Sukhan [in Karachi] sealed seven industrial units of Chinese nationals without any prior notice,” the petition read.
The complainants stated in the petition that they arrived in Pakistan on invitations from top Pakistani officials, including the prime minister and the army chief, who encouraged them to invest in the South Asian country, assuring their safety and a supportive environment for foreign investors, particularly from China.
They said they relied on these assurances and made significant investments in various sectors, but in the months following their arrival, they and other Chinese nationals had been subjected to harassment by Sindh police. The complainants said their movements were “unjustifiably restricted” and they were often detained at their residences on the pretext of “security reasons.”
The petitioners urged the court to order the respondents to help cease their harassment and restrictions on their movement, seeking compensation for the financial losses incurred by them.


Afghan refugees urge Pakistan to ease visa regime after Trump’s pause on US resettlement programs

Updated 24 January 2025
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Afghan refugees urge Pakistan to ease visa regime after Trump’s pause on US resettlement programs

  • Around 20,000 Afghans are currently waiting in Pakistan to be approved for resettlement in US
  • Many Afghans whose visas have either expired or will expire soon fear arrest and deportation

ISLAMABAD: Afghan refugees on Friday appealed to Pakistan’s premier to ease a visa regime on humanitarian grounds after President Donald Trump paused the US refugee programs.
Many Afghans whose visas have either expired or will expire soon fear arrest and deportation.
“We don’t know exactly when the pause of the US refugee program will be lifted, but we request Pakistan to extend our stay for at least six months after the expiry of our visas,” said Ahmad Shah, a member of the Afghan USRAP Refugees advocacy group.
An estimated 20,000 Afghans are currently waiting in Pakistan to be approved for resettlement in the US via an American government program.
Refugees approved to travel to the United States in coming days have had their travel plans canceled by the Trump administration. Among those affected are the more than 1,600 Afghans cleared to resettle in the US
Pakistan says it is yet to receive any official intimation from the United States about the suspension of the refugee program. Afghans who are in the country were supposed to be relocated by September 2025.
The refugee program was set up to help Afghans at risk under the Taliban because of their work with the US government, media, aid agencies and rights groups. The US pulled out of Afghanistan in 2021 when the Taliban took power.
But in its first days in office, Trump’s administration announced the US Refugee Admissions Program would be suspended from Jan. 27 for at least three months.
Shah said most of the Afghans who are in transition to the United States were now living in a very difficult conditions. “We don’t want to live here permanently, we urge the Prime Minister Shehbaz Sharif to order authorities to extend the visas of Afghan people for at least six months,” he said.
He also urged the United Nations refugee agency and the International Organization for Migration to help Afghans who are waiting for relocation. “If the UNHCR and IOM don’t help us in this difficult situation, who will rise his or her voice for us?” Shah said.
Meanwhile, there is uncertainty among many over their future.
Sarfraz Ahmed, a journalist who fled to Pakistan from Afghanistan when the Taliban seized power, said Friday he had been expecting to receive a call confirming his travel plans, but the suspension of the refugee program by Trump changed everything.
Khalid Khan, a former Afghan army captain who worked for the Afghan air force and helped the US air force during the operations against the Afghan Taliban and other groups, fled his country along with his family in 2023. “I will be in a trouble if I am sent back to Afghanistan,” he said.
Pakistan’s Ministry of Foreign Affairs said there is an agreement with Washington to take Afghans who are in Pakistan to the United States for resettlement by September 2025.
“The arrangements are in place. We have, so far officially, not received any further information on this issue. So that’s all that I can say as far as we are concerned, that arrangement remains in place,” ministry spokesman Shafqat Ali Khan told a news briefing in Islamabad on Thursday.
The Taliban has deprived 1.4 million Afghan girls of schooling through bans, according to the United Nations. Afghanistan is the only country in the world that bans female secondary and higher education.


Pakistan to seek extradition of property tycoon Malik Riaz Hussain from UAE — defense minister

Updated 49 min 25 sec ago
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Pakistan to seek extradition of property tycoon Malik Riaz Hussain from UAE — defense minister

  • Khawaja Asif accuses Hussain of using wealth and influence to illegally seize land to build housing societies
  • Hussain, co-accused in land corruption case with ex-PM Imran Khan, has denied all wrongdoing

ISLAMABAD: Pakistan’s Defense Minister Khawaja Asif confirmed on Friday the government would seek the extradition from the UAE of real estate tycoon Malik Riaz Hussain who is charged in a land corruption case involving former prime minister Imran Khan, promising to bring him back to Pakistan to stand trial.

Hussain is one of Pakistan’s wealthiest and most influential businessmen and the country’s largest private employers. He is best known as the chairman of Bahria Town Limited, which claims to be Asia’s largest private real estate developer. Hussain currently lives in Dubai. 

Last week, a Pakistani court sentenced ex-premier Khan to 14 years in prison and his wife, Bushra, to seven years in a case in which they are accused of receiving land as a bribe from Hussain through the Al-Qadir charitable trust during Khan’s premiership from 2018 to 2022 in exchange for illegal favors. All three deny any wrongdoing. 

Khan says he and his wife were trustees and did not benefit from the land transaction. Hussain has also denied any wrongdoing related to the case.

“His [Hussain’s] extradition will also be carried out now on a state-to-state level,” Asif told reporters at a press conference. “We have an extradition treaty with the UAE. A mafia cannot be allowed to run as a parallel state.”

The defense minister said Hussain had used his immense wealth and influence to seize land from the poor and widows for his housing societies across the country, saying Bahria Town’s transactions over the past 25-30 years were “not transparent.”

“You will see flaws in the approvals of all the land bought by Hussain for his housing societies,” he added.

Earlier this week, Pakistan’s anti-corruption watchdog, the National Accountability Bureau (NAB), had cautioned people against investing in Hussain’s new real estate venture to build luxury apartments in Dubai.

“If the general public at large invests in the stated project, their actions would be tantamount to money laundering, for which they may face criminal and legal proceedings.”

Responding to NAB on X, Hussain said “fake cases, blackmailing and greed of officers” had forced him to relocate from country because he was not willing to be a “political pawn,”

 

 

AL-QADIR CASE

In 2019, Britain’s National Crime Agency (NCA) said Hussain had agreed to hand over 190 million pounds held in Britain to settle a UK investigation into whether the money was from the proceeds of crime.

The NCA said it had agreed to a settlement in which Hussain would hand over a property, 1 Hyde Park Place, valued at 50 million pounds, and cash frozen in British bank accounts. 

The NCA had previously secured nine freezing orders covering 140 million pounds in the accounts on the grounds that the money may have been acquired illegally.

The agency said the assets would be passed to the government of Pakistan and the settlement with Hussain was “a civil matter, and does not represent a finding of guilt.”

The case against Hussain and ex-PM Khan now is that instead of putting the tycoon’s settlement money in Pakistan’s treasury, Khan’s government used the money to pay fines levied by a court against Hussain for illegal acquisition of government lands at below-market value for development in Karachi.


Pakistan demands accountability for Israel’s ‘heinous crimes’ against Gazan children

Updated 50 min 5 sec ago
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Pakistan demands accountability for Israel’s ‘heinous crimes’ against Gazan children

  • UN Human Rights Office has said nearly 70 percent of fatalities it had verified in Gaza were women and children
  • Over a million children live in makeshift tents, many families have been displaced over 15 months, UNICEF says

ISLAMABAD: Pakistan’s Permanent Representative to the UN, Munir Akram, has demanded “strict accountability” for Israeli crimes against Gaza’s children, state broadcaster Radio Pakistan reported on Friday.
UN aid chief Tom Fletcher briefed the UN Security Council meeting on Thursday via video from Stockholm and bluntly assessing the past 15 months of war in Gaza said: “Children have been killed, starved, and frozen to death … They have been maimed, orphaned, separated from their family. Conservative estimates indicate that over 17,000 children are without their families in Gaza. A generation has been traumatized.”
The continued lack of basic shelter combined with winter temperatures pose serious threats to children. With more than a million children living in makeshift tents, and with many families displaced over the past 15 months, children face extreme risks, UNICEF has said. The UN Human Rights Office has said nearly 70 percent of fatalities it had verified in Gaza were women and children.
“Heinous crimes have been committed in this brutal [Israel-Hamas] war, particularly against children in violation of international humanitarian law, the Geneva Conventions, the Convention on the Rights of the Child, and the Convention on Genocide,” Akram said at the briefing to the UN Security Council this week.
“There must be accountability for these crimes. This is essential to restore international legitimacy. We must try to ensure that such a brutal slaughter of children never happens again.”
Palestinian health authorities say Israel’s military campaign in Gaza has killed more than 47,000 people, with another 10,000 believed to be dead and uncounted under the rubble. A United Nations damage assessment released this month showed that clearing over 50 million tons of rubble left in the aftermath of Israel’s bombardment could take 21 years.
Israel and Hamas agreed to a ceasefire deal to halt fighting in Gaza and exchange Israeli hostages for Palestinian prisoners on Jan. 15, opening the way to a possible end to a 15-month war that has upended the Middle East.


Pakistan tax association says foreign investment at risk as authorities deny security clearances

Updated 24 January 2025
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Pakistan tax association says foreign investment at risk as authorities deny security clearances

  • Pakistan Tax Bar Association says foreign subscribers, directors getting ‘unilateral’ rejection letters with no reason given
  • Union says the actions go against the government’s stated aim of inviting foreign companies to invest in Pakistan

ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has written a letter to the interior minister this week raising concern about the ‘unilateral’ rejection of security clearances for foreign investors, which the union said could jeopardize their business activities in the country.

The government of Prime Minister Shehbaz Sharif says it is committed to improving Pakistan’s investment climate as the South Asian country struggles to meet external financing needs. In 2023, Pakistan set up the Special Investment Facilitation Council to attract foreign funds and projects. In recent months, Saudi Arabia has promised to expedite a $5 billion investment plan for Pakistan, while the UAE and Kuwait have committed $10 billion each in promising sectors and Qatar has pledged $3 billion.

However, potential investors in Pakistan face many challenges such as taxation, persistently high inflation, red tape, weak rule-of-law, inconsistent regulation, corruption, political uncertainty, security concerns and a lack of transparency in public-sector decision-making.

“We are writing to you to raise a very serious issue in terms of rejection of security clearance for foreign investors who have incorporated a 100 percent foreign equity company in Pakistan,” the PTBA, a private body, said in the letter to Interior Minister Mohsin Naqvi on Wednesday. 

As per the Companies Regulations, 2024, every foreign subscriber and director is required to seek security clearance by filing required documents to the interior ministry through the Securities and Exchange Commission of Pakistan. After the incorporation, companies start their investments and set up their premises and factories to commence business operations in Pakistan. 

“Nowadays, companies have been receiving unilateral rejection letters from the SECP, informing them that the security clearance for their foreign subscribers and directors have been rejected,” the PTB said. “These letters neither specify the reasons for such rejection nor any opportunity of hearing to explain the defects/discrepancy if any.”

The union said these actions were sending a “very negative message” to foreign investors.

“Pakistan and one fine morning they are informed that they are not security cleared,” PTBA said. “This jeopardizes their entire business set up in Pakistan, which is against the government’s stated aim of inviting foreign investors to invest in Pakistan.”

The PTBA urged Naqvi to “immediately” address the issue, which was “adversely” affecting Pakistan’s ability to attract foreign investment.

The interior ministry has not yet commented on the PTBA’s letter.

Pakistan in 2023 nearly defaulted on the payment of foreign debts when the International Monetary Fund rescued it by agreeing to a $3 billion bailout to Pakistan. 

Last year, Islamabad secured a new $7 billion loan deal from the IMF. Since then, the country’s economy has started improving with weekly inflation coming down from 27 percent in 2023 to 1.8 percent earlier this month. Sharif has vowed to reduce dependence on foreign loans in the coming years and to seek more foreign investments.