Iran proposes direct flights to Pakistan to facilitate trade, people-to-people contacts

This picture taken on July 17, 2020 shows an Emirates Boeing 777-31H aircraft disembarking passengers upon arrival at the Iranian capital Tehran's Imam Khomeini International Airport. (AFP/File)
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Updated 11 May 2023
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Iran proposes direct flights to Pakistan to facilitate trade, people-to-people contacts

  • Chairman of Iranian Commission of National Security and Foreign Policy meets Pakistani commerce minister
  • Naved Qamar pledges commitment to resolve all obstacles and move forward with delayed Pak-Iran Gas Pipeline

ISLAMABAD: Vahid Jalalzadeh, chairman of the Commission of National Security and Foreign Policy of Iran, on Wednesday met Pakistani Commerce Minister Syed Naveed Qamar in Islamabad and proposed direct flights between the two neighboring countries to enhance trade and people-to-people contacts.

A statement from the commerce ministry called the meeting “unprecedented” and said the two leaders underlined the need to strengthen economic ties and increase connectivity.

“Chairman Jalalzadeh proposed the initiation of direct flights between Iran and Pakistan to enhance travel and business opportunities,” the statement said. “Naveed Qamar acknowledged the significance of this proposal and expressed his support for establishing direct flights as a means to facilitate trade and promote people-to-people exchanges.”

Qamar also stressed the importance of expediting the long-delayed Pak-Iran Gas Pipeline, an under-construction 2,775-kilometer pipeline to deliver natural gas from Iran to Pakistan. Discussions to build the pipeline began in 1995 but it has not been completed yet mainly due to lack of funds in Pakistan and complications posed by US sanctions over Iran’s nuclear activities.

“The Minister stressed the importance of expediting the project, as it holds immense potential for energy cooperation between the two countries,” the statement said. “He pledged his commitment to resolve any obstacles and move forward with the pipeline, which would bring substantial benefits to both nations.”

Jalalzadeh said the current trade volume of approximately $2 billion with Pakistan was “insufficient” and called for solid steps to increase it to a multi-billion-dollar level.

“Federal Minister for Commerce echoed this sentiment and emphasized the importance of opening new border markets and implementing a barter trade system to facilitate greater commercial exchange,” the commerce ministry added. “These measures, he believed, would contribute to a significant surge in trade volume between Iran and Pakistan.”

The upcoming inauguration of the Pasheen Border on May 18 was also discussed during the meeting.

“This border crossing, to be inaugurated by the prime minister of Pakistan and the president of Iran, holds immense significance in promoting trade and connectivity between the two countries,” the commerce ministry statement said. “The opening of this border is expected to facilitate smoother movement of goods and people, further enhancing economic cooperation.”

Before the meeting concluded, Jalalzadeh extended an invitation to the Pakistani commerce minister to visit Iran.


Iraq nears completion of Grand Faw Port, launches $600m Baghdad airport tender

Updated 27 sec ago
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Iraq nears completion of Grand Faw Port, launches $600m Baghdad airport tender

  • Work on the flagship port project has reached key milestones
  • The $400–600 million airport investment will be fully privately financed

RIYADH: Iraq’s transport landscape is set for a major upgrade as it nears completion of its Grand Faw Port and launches a $600 million tender to redevelop Baghdad Airport through private investment. 

The Ministry of Transport said in a statement that work on the flagship port project has reached key milestones, despite ongoing challenges. 

The progress on these infrastructure projects aligns with Iraq Vision 2030, which aims to diversify the economy, reduce oil dependency, and boost non-oil sectors like logistics and tourism for long-term growth. 

Farhan Al-Fartousi, director general of the General Co. for Ports of Iraq, said that dredging work on the port’s navigation channel is 92 percent complete, while the container yard has reached 94 percent completion. The 63-km access road connecting the port to the national highway network is also finished. 

“The submerged tunnel project is going according to what is planned, as the third piece has been successfully completed, and the engineering teams are preparing to start the process of bringing the fourth piece in the coming days, after completing all the necessary technical and logistical recalls,” the release said, citing Al-Fartousi.

The tunnel comprises 10 segments, stretching 2,444 meters in total, with 1,226 meters submerged underwater. 

Iraq’s Vision 2030 prioritizes modernizing transport networks, enhancing regional connectivity, and leveraging public-private partnerships. File/AFP

The ministry is finalizing operational procedures for the port, which will soon be submitted to the Cabinet for approval. Once approved, 11 leading global port operators will compete for the management contract. 

The ministry said that Container Terminal No. 1 will meet high technical specifications and be operated by a world-class firm, ensuring the port’s success as a strategic regional hub. 

The transport ministry also unveiled plans for a public-private partnership to modernize Baghdad International Airport, in collaboration with the International Finance Corp., a World Bank affiliate. 

The government has opted for a public-private partnership model to overcome budget constraints and alleviate fiscal pressures, according to a separate ministry statement. 

The approach also aims to leverage private-sector expertise to accelerate infrastructure development, improve service quality, and create jobs while driving economic growth. 

“This initiative aligns with a broader development strategy and does not entail relinquishing the state’s sovereign role. Rather, it aims to enhance operational efficiency and ensure the delivery of safe, high-quality services to travelers,” the statement said. 

The IFC, serving as a non-profit adviser, is supporting Iraq in conducting feasibility studies and organizing a transparent international tender for the project. 

Under the agreement, the government will retain control over sovereign functions such as immigration, customs, air traffic control, and fuel storage. The private operator will be responsible for terminal operations, security screening, infrastructure upgrades, logistics systems, ground handling, and air cargo services. 

The $400–600 million investment will be fully privately financed, with the airport initially accommodating 9 million passengers annually before expanding to 15 million. Bidding closes in September, and the selected operator will share annual gross revenue with the government. The project is expected to generate at least 12,000 new direct jobs, the statement said. 

The progress on Iraq’s Grand Faw Port and Baghdad Airport redevelopment aligns with the broader goals outlined in the country’s Vision 2030, which emphasizes infrastructure development as a pillar of economic diversification and private-sector growth. 

The vision, spearheaded by the Ministry of Planning, prioritizes modernizing transport networks, enhancing regional connectivity, and leveraging public-private partnerships to overcome fiscal constraints, mirroring the airport project’s model. 

The vision’s “Diversified Economy” pillar calls for advanced infrastructure to stimulate trade and job creation, while its governance reforms stress transparency in tenders, as seen in the IFC-backed airport bid. 


Cricket’s Indian Premier League value surges to $18.5 billion — report

Updated 10 min 3 sec ago
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Cricket’s Indian Premier League value surges to $18.5 billion — report

  • World’s richest cricket series top revenue earner for BCCI, generates estimated $11 billion a year for Indian economy
  • Indian Premier League’s brand value jumps 13.8 percent to $3.9 billion in past year, global investment bank Houlihan Lokey says

NEW DELHI: The Indian Premier League’s business value has been estimated at $18.5 billion with reigning champions Royal Challengers Bengaluru its wealthiest franchise, according to a report by an investment bank.

The world’s richest cricket tournament has been a top revenue earner for the Board of Control for Cricket in India (BCCI) and in 2020 was estimated to generate more than $11 billion a year for the Indian economy.

According to US investment bank Houlihan Lokey, which has valued several sports franchises around the world, the brand value of the 10-team T20 franchise tournament has seen a sharp rise of 13.8 percent to $3.9 billion over the past year.

Bengaluru, who along with star player Virat Kohli won their first IPL title this year, have overtaken five-time winners Chennai Super Kings and Mumbai Indians to achieve a brand value of $269 million.

Mumbai is second with $242 million, followed by Chennai at $235 million.

The Houlihan Lokey report called the IPL “a global phenomenon” that has become more than just a cricket league.

“The IPL continues to set benchmarks in sports business. Franchise valuations have soared, media rights deals have reached record highs, and brand partnerships have diversified across sectors,” Harsh Talikoti from Houlihan Lokey, said in a statement.

“The league’s ability to attract global investors and sponsors reflects its status as a premier sports property with enduring appeal.”

Bengaluru beat Punjab Kings for the title at the world’s biggest cricket stadium in Ahmedabad in June to conclude the 18th edition of the league.

The report said the 2025 final had more than 678 million views on the official streaming platform JioHotstar, surpassing the India-Pakistan clash during the Champions Trophy in February this year.

The IPL, which is broadcast around the world and features top international stars such as Australia’s Pat Cummins and England’s Jos Buttler, mixes sport and showbusiness in a glitzy format, with a number of teams fronted by Bollywood movie superstars.

Since it launched in 2008, it has inspired a range of other franchise-based leagues in India in sports as diverse as boxing, badminton, poker and kabaddi, and spawned copycat cricket tournaments elsewhere.


‘Nobody has bigger expectations than I do’: New coach Mike Brown leads Knicks into new era

Updated 17 min 36 sec ago
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‘Nobody has bigger expectations than I do’: New coach Mike Brown leads Knicks into new era

  • The New York Knicks are set to face the Philadelphia 76ers in Abu Dhabi as preseason games offer early test for Brown’s title-chasing team

DUBAI: The New York Knicks have officially appointed Mike Brown as their new head coach, marking a fresh chapter for one of the NBA’s most storied franchises. A two-time NBA Coach of the Year with deep playoff experience, Brown brings leadership, structure, and a championship pedigree to New York.

The appointment was confirmed this week, with Knicks President Leon Rose commenting: “Mike has coached on the biggest stages in our sport and brings championship pedigree to our organization.”

The Knicks will face the Philadelphia 76ers in two NBA Abu Dhabi Games 2025 preseason matchups on Oct. 2 and 4. The NBA and the Department of Culture and Tourism — Abu Dhabi announced that the games, presented by ADQ, will take place at Yas Island’s Etihad Arena. While Abu Dhabi has hosted NBA preseason action since 2022, this will be New York’s first appearance in Abu Dhabi.

Brown takes charge following the Knicks’ strongest season in decades. Under Tom Thibodeau, the team reached the Eastern Conference Finals for the first time since 2000, reigniting hopes of a return to championship contention. Still, the front office felt a fresh voice was needed to elevate the team further.

Speaking on his appointment, Brown said: “Nobody has bigger expectations, first of all, than I do. My expectations are high. This is the Knicks. I talked about Madison Square Garden being iconic. I talked about our fans. I love and embrace the expectations that come along with it. I’m looking forward to it.”

A seasoned veteran, Brown has coached an elite roster of talent throughout his career. As head coach, he worked with NBA legends LeBron James and Kobe Bryant, and as an assistant, he coached NBA all-time greats, including Stephen Curry and Tim Duncan. He led the Cleveland Cavaliers to the 2007 NBA Finals, won four NBA championships as an assistant, and earned Coach of the Year honors in both 2009 and 2023.

Now, he takes over a Knicks team brimming with championship aspirations, aiming to capture their first title since 1973. Leading the charge are two-time All-Star Jalen Brunson, five-time All-Star Karl-Anthony Towns, and 2022 NBA All-Defensive First Team member Mikal Bridges.

“Our goal is to build a sustainable, winning culture that produces championships,” Brown said. “That’s why I’m here.”

The 76ers, their Abu Dhabi opponents, boast a powerful roster that includes 2023 NBA MVP Joel Embiid, nine-time All-Star Paul George, and 2024 All-Star Tyrese Maxey. These NBA Abu Dhabi Games present a valuable opportunity for Brown to build chemistry, test rotations, and get the roster in sync ahead of the regular season.


Gulf remittances drive record $38.3 billion inflow to Pakistan in FY25,  surpassing IMF loan package

Updated 9 min 13 sec ago
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Gulf remittances drive record $38.3 billion inflow to Pakistan in FY25,  surpassing IMF loan package

  • Remittances rose by around $8 billion from FY24’s $30.25 billion, marking a sharp 27 percent increase
  • Saudi Arabia topped FY25 remittance sources with $9.34 billion, followed by UAE with $7.83 billion

KARACHI: Pakistan received a record $38.3 billion in workers’ remittances during the last fiscal year, reporting an increase of about $8 billion over a 12-month period that exceeds the country’s ongoing International Monetary Fund (IMF) loan program, according to official data and analysts on Tuesday.

The remittance surge from $30.25 billion in FY24 helped shore up the country’s foreign reserves, prompting experts to says it is likely to push the current account into surplus for the first time in over a decade.

The IMF Executive Board approved a $7 billion Extended Fund Facility (EFF) for Pakistan in April 2024, spanning 37 months, after acknowledging Islamabad’s structural reforms and stabilizing macroeconomic indicators.

The government described the bailout as critical to reviving an economy that had faced a prolonged financial crisis and balance-of-payments stress over the past two years.

“Remittances have actually rescued Pakistan beyond expectations. It was a significant jump of over $8 billion in annual remittances, which is more than the whole IMF program funding,” Shankar Talreja, head of research at Topline Securities Limited, told Arab News after the central bank released remittance figures for the last fiscal year.

“Thanks to the remittances, we will be able to record a current account surplus for the first time after 13 years of deficit and for only the second time in the last two decades,” he added.

According to the State Bank of Pakistan, Saudi Arabia led all contributors during FY25, with remittances totaling $9.34 billion, followed by the United Arab Emirates at $7.83 billion, the United Kingdom at $5.99 billion and the United States at $3.72 billion.

Remittances from Gulf Cooperation Council (GCC) countries excluding Saudi Arabia and the UAE totaled $3.71 billion, while EU countries contributed $3.53 billion.

Commenting on the data, Mohammed Sohail, CEO of Topline Securities, wrote on social media: “Record Remittances When Most Needed. In a year marked by economic challenges, overseas workers stepped up: Pakistan received a record USD 38.3 billion in remittances in FY25 — up 27 percent.”

The fiscal year average stood at approximately $3.19 billion per month, well above the average of $2.52 billion in FY24.


Pakistan to launch targeted polio vaccination drive in northern districts next week

Updated 44 min 1 sec ago
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Pakistan to launch targeted polio vaccination drive in northern districts next week

  • More than 158,000 children to be immunized in four high-risk areas from July 14 to 18
  • Surge in cases raises alarm as Pakistan remains one of two countries where polio is still endemic

KARACHI: Pakistan will launch a targeted five-day polio vaccination campaign next week, aiming to immunize more than 158,000 children in high-risk districts of the northern Gilgit-Baltistan region and northwestern Khyber Pakhtunkhwa province, health authorities said on Wednesday.

The campaign will be conducted exclusively in the Diamer district of Gilgit-Baltistan and the Upper Kohistan, Lower Kohistan, and Kolai-Palas districts of Khyber Pakhtunkhwa, according to the National Emergency Operations Center (NEOC), which oversees Pakistan’s polio eradication efforts.

“Special focus and effective strategies are being applied in high-risk union councils,” the NEOC said in a statement, referring to administrative units where access and vaccine acceptance remain challenging. 

The drive will take place from July 14 to 18.

Polio is a highly infectious viral disease that primarily affects young children and can cause permanent paralysis. There is no cure, but it can be prevented through multiple doses of the oral polio vaccine and a complete routine immunization schedule, experts say.

Pakistan, one of only two countries in the world where polio remains endemic, the other being neighboring Afghanistan, has made significant gains in recent decades. Annual cases have fallen dramatically from an estimated 20,000 in the early 1990s to single digits by 2018.

However, the country has witnessed a worrying resurgence recently. As of July 2025, Pakistan has reported 14 polio cases, including eight in Khyber Pakhtunkhwa, four in Sindh, and one each in Punjab and Gilgit-Baltistan, according to official data. The country reported 74 cases in 2024, raising alarms among health officials and global partners supporting the eradication campaign.

In contrast, only six cases were recorded in 2023 and just one in 2021. 

The latest targeted drive follows smaller vaccination efforts in high-risk areas. A special campaign was conducted last month in six union councils of Khyber Pakhtunkhwa’s Bannu district, where approximately 17,500 children were vaccinated. A similar operation is planned for 11 union councils in North Waziristan, another district with a history of polio transmission.

The government conducted three nationwide polio campaigns earlier this year, in February, April, and May, aiming to reach around 45 million children with the help of over 400,000 frontline workers, including 225,000 women vaccinators.

Despite decades of effort, Pakistan’s eradication drive has faced persistent challenges, including misinformation about vaccines and resistance from conservative religious and militant groups who view immunization campaigns with suspicion. Some clerics have claimed the vaccines are a Western conspiracy to sterilize Muslim children or part of intelligence operations.

Vaccination teams and police providing security have also been targeted in militant attacks, particularly in remote and conflict-affected areas of Khyber Pakhtunkhwa and Balochistan. These threats have at times forced the suspension of campaigns and restricted access to vulnerable populations.

Pakistan launched its national polio eradication program in 1994.