Forbes names two Pakistanis among Middle East’s ‘100 Most Powerful Businesswomen’

The collage of image created on March 5, 2024, shows Pakistani businesswomen Shaista Asif (left), co-founder and group CEO of PureHealth Holding health care network, and Shazia Syed, Unilever general manager for North Africa, Levant and Iraq. (Forbes)
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Updated 05 March 2024
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Forbes names two Pakistanis among Middle East’s ‘100 Most Powerful Businesswomen’

  • This year’s list featured 100 entries, with 104 women from 27 different sectors and 28 nationalities
  • The banking and financial services sector led the list with 26 entries, followed by health care and others

ISLAMABAD: Forbes, an American business magazine, has named two Pakistanis in its list of the Middle East’s ‘100 Most Powerful Businesswomen’ for the year 2024.

This year’s list featured 100 entries, with 104 women from 27 different sectors and 28 nationalities, according to Forbes.

The banking and financial services sector led the list with 26 entries, followed by health care with 13, and investments and technology with six entries each.

There were 35 newcomers to the list, from 15 different sectors. Shaista Asif, co-founder and group chief executive officer (CEO) of PureHealth Holding health care network in the United Arab Emirates (UAE), was ranked 4th on the list. She co-founded the health care corporation in 2006 and was appointed group CEO in Dec. 2023.

Her group’s initial public offering (IPO) raised a total of $986 million by offering 10 percent of its issued share capital on the first market of the Abu Dhabi Securities Exchange (ADX) in Dec. 2023.

The IPO was oversubscribed by 483 times in the retail tranche and by 54 times in the professional subscriber tranche, according to Forbes.

“In January 2024, the group acquired the UK’s largest independent operator of hospitals, Circle Health Group, for $1.2 billion before debt,” the American magazine reported.

“PureHealth acquired Sheikh Shakbout Medical City, the U.A.E.’s largest health care complex, valued at $600 million with revenues of $585.4 million.”

Shazia Syed, another Pakistani and the Unilever general manager for North Africa, Levant and Iraq, secured 9th position on the list for her extensive experience working at several corporations.

“Syed assumed her current role in 2021 and is also the Arabia Senior Customer Development Lead. She joined Unilever in 1989.

She also sits on the board of United Bank Limited in Pakistan, is a member of the Board Risk & Compliance Committee, and is the chairperson of the Board Audit Committee,” Forbes wrote.

“She previously sat on the boards of Pukka Tea and Pepsi Lipton, was the president of the Overseas Investors Chamber of Commerce & Industry, and was the director of the Pakistan Business Council.”


Pakistan foils bid to smuggle donkey hides worth Rs80 million to China

Updated 12 sec ago
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Pakistan foils bid to smuggle donkey hides worth Rs80 million to China

  • Pakistan is frequently listed as one of the countries with highest number of donkey populations worldwide
  • The animal’s meat and hide, used in the Ejiao traditional medicinal remedy, are quite popular in China

KARACHI: Pakistan Customs has foiled an attempt to smuggle donkey hides, worth around Rs80 million ($283,862), to China, a customs spokesperson said on Friday.
The staff deployed on the Risk Management Profiling System of the Karachi customs collectorate detected a container number SEGU-3154225 cleared from the South Asia Pakistan Port (SAPT) terminal in Karachi, whose export documents showed 285 packages of leather products were being sent to China by Messrs. Wow Trading.
The container was allowed to be loaded on a ship after the export collectorate issued a permit, but customs authorities conducted a detailed inspection after being informed by the Anti-Smuggling Organization (ASO) staff and found the prohibited donkey hides in the container.
“[The inspection] resulted in the recovery of 14,000 kilograms of prohibited donkey hides, declared under the guise of leather products, in the container, the export of which is prohibited under the export policy of the Government of Pakistan,” Irfan Ali, a customs spokesperson, said in a statement.
“A case has been registered against the exporter under the relevant provisions of the Customs Act. Further investigation is underway.”
Pakistan is frequently listed as one of the countries with the highest number of donkey populations worldwide, with Islamabad reporting its donkey population had increased to 5.9 million during the fiscal year 2023-24 from 5.5 million in 2019-2020, according to the Pakistan Economic Survey (PES) 2023-24.
The animal’s meat and hides are quite popular in China. Gelatin derived from donkey hides is highly sought after in China for its use in Ejiao, a traditional medicinal remedy. Several Chinese eateries sell donkey meat and burgers for consumption.
The seizure of donkey hides comes amid a Pakistani government crackdown on smuggling of various goods.
“Karachi Customs Enforcement Collector Moinuddin Wani appreciated and praised the performance of the officers and staff of the enforcement collectorate for this successful operation,” Ali added.


Threat of war with India empties scenic Pakistani valley of summer tourists

Updated 59 min 57 sec ago
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Threat of war with India empties scenic Pakistani valley of summer tourists

  • Gunmen last week killed 26 people in the Indian-administered Kashmir’s resort town of Pahalgam
  • The attack has fueled tensions after India blamed Pakistan for the attack, Islamabad denies charge

MUZAFFARABAD: Neelum Valley in northern Pakistan attracts some 300,000 tourists each summer who marvel at its natural beauty. But the threat of war with nearby India has emptied its hotels.
Gunmen last week killed 26 people in the Indian-administered Kashmir’s resort town of Pahalgam, fueling tensions between the nuclear-armed nations after India blamed Pakistan for the attack, a charge Pakistan denies.
Neelum Valley is less than 3 kilometers (1.8 miles) from the Line of Control, the de facto border that divides the disputed region of Kashmir, making it vulnerable to any military activity.
Hotel owner Rafaqat Hussain said Thursday the crisis has hit the tourism industry hard.
“Most tourists have left and returned to their cities because there is a risk of war,” he said.
Authorities in the Indian-controlled part of Kashmir temporarily shuttered dozens of tourist resorts following the attack as a precaution.
No such order has come from Pakistani authorities. Bazaars in the Pakistani border town of Chakothi were open for business, although people were concerned.
“First of all, our prayer is for peace, as war always affects civilians first,” shop owner Bashir Mughal told The Associated Press, saying he would fight alongside the army in the event of conflict.
Pakistan used to help residents build bunkers near their homes during periods of intense cross-border firing. But the population has grown and some homes lack shelters.
“Local casualties could be devastating if war breaks out,” Mughal warned.
Saiqa Naseer, also from Chakothi, shuddered at the childhood memories of frequent firing across the border.
“Now, as a mother, I find myself facing the same fears,” she said.
She remembered Indian shells striking the picturesque valley when the two countries came close to war in 2019. She has a bunker at her home.
“If war comes, we will stay here. We won’t run away,” she said.


Rising Jhelum River threatens people in Azad Kashmir

Updated 02 May 2025
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Rising Jhelum River threatens people in Azad Kashmir

  • The development comes after India’s suspension of the Indus Waters Treaty, cutting off vital flood data
  • Locals face growing uncertainty and increased risk, say they received no prior notification of water release

MUZAFFARABAD, Azad Kashmir: Rising water levels along the Jhelum River in Muzaffarabad in Azad Kashmir have caused concern for thousands of residents living downstream.
With India releasing more water than usual into the river and the suspension of the Indus Waters Treaty cutting off vital flood data, locals face growing uncertainty and increased risk.
Along the riverbank, 72-year-old Rafiq Hussain and his family of six have been watching floodwaters creep within meters of their home.
“When India released the water, the river rose by eight to ten feet. There’s a lot of fear and uncertainty, especially after hearing reports that more water could be released without any warning,” he said.
Hussain, a farmer and father of four, said they received no prior notification of the water release. He estimates that over ten thousand people residing in about one thousand homes along the riverbank are directly exposed to the flood risk.
The 1960 Indus Waters Treaty, once a rare symbol of cooperation, is now in question. India claims sovereignty over water use, while Pakistan warns of weaponization of a shared resource.
“Well there are bilateral agreements between India and Pakistan, but this Indus Waters Treaty is trilateral. It’s not between only India and Pakistan, but the World Bank is there. And as far as the articles of that agreement is concerned, that no one, either India or Pakistan, can walk away from this. They have to agree mutually if they want to scrap this agreement,” said Raja Muhammad Farooq Haider Khan, former prime minister of Azad Kashmir, a region administered by Pakistan as a nominally self-governing entity in the western portion of the larger, disputed Kashmir region.
For families like Hussain’s, this is no longer just about diplomacy — it’s about survival.
“I cross the river to fish and sell it locally, just enough to get by. Last week, I set my nets, but two days later, a sudden ten-foot surge of water hit. By the time I returned, the nets were gone. I suffered heavy losses,” said Hameed Hussain, Rafiq’s son.
Tensions between India and Pakistan in Kashmir have increased since an attack last week on tourists in Indian-controlled Kashmir that killed at least 26 people, mostly Indian visitors to the region. India has blamed Pakistan for supporting the attack, a charge which Pakistan vigorously denies.


Sindh governor to fund treatment of Pakistani teen separated from Indian mother after Arab News coverage

Updated 02 May 2025
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Sindh governor to fund treatment of Pakistani teen separated from Indian mother after Arab News coverage

  • Muhammad Ayan, paralyzed after a spine injury in 2023, was under treatment at New Delhi’s Apollo Hospital, when he and his family were forced to leave India
  • The development came after Pakistan, India asked each other’s nationals to leave following a deadly attack in Indian-administered Kashmir that killed 26 tourists

KARACHI: Kamran Tessori, the governor of Pakistan’s southern Sindh province, has taken notice of an ailing Pakistani teenager who was separated from his Indian mother as tensions rose between the two neighboring countries, Tessori’s office said on Thursday, after Arab News published a story about the 17-year-old.
Relations between the nuclear-armed neighbors have plummeted after India accused Pakistan of backing an attack on tourists in Indian-administered Kashmir’s Pahalgam that killed 26 people on April 22. Islamabad has rejected the charge. Both countries have since exchanged gunfire in Kashmir, taken diplomatic measures against each other, expelled citizens and ordered the border shut, leaving many in limbo.
Muhammad Ayan, paralyzed after he suffered a gunshot wound to his spine during a gunfight between police and street criminals in Karachi in 2023, was under treatment at New Delhi’s Apollo Hospital, when he and his family were forced to leave India, following the Kashmir attack. Ayan’s mother, Nabeela, who is an Indian national, could not travel with them.
Arab News this week published a story on the 17-year-old teenager who had to return to the southern Pakistani city of Karachi along with his father, Muhammad Imran, and siblings after being separated from his mother, prompting Governor Tessori to take notice of Ayan’s tragedy.

“I will pay all the expenses of the treatment of the disabled child,” Tessori was quoted as saying by his office.
Ayan narrated to Arab News how he got separated from his mother amid tears and sobs.
“She was separated from us while crying and we also came here with great difficulty, crying,” an emotional Ayan said.
Ayan’s father, Imran, had married his maternal cousin, Nabeela, a resident of New Delhi, 18 years ago. Since then, Nabeela had been living in Pakistan on a visa that was intermittently renewed without her ever needing to acquire Pakistan’s nationality.
But the suspension of visas meant Imran and his Pakistani children’s 45-day medical visa was no longer valid. And Nabeela was eventually left behind in India.
The April 22 assault occurred as tourists enjoyed tranquil mountain views at the popular site of Pahalgam in Indian-administered Kashmir, when gunmen burst out of forests and raked crowds with automatic weapons.
Kashmir has been divided between India and Pakistan since their independence in 1947, with both claiming the territory in full but governing separate portions of it. Both countries have two of their three wars over the disputed territory.
Separatist groups have waged an insurgency in Indian-controlled Kashmir since 1989, demanding independence or a merger with Pakistan. New Delhi accuses Pakistan of backing the militants, Islamabad denies it and says it only supports Kashmiris diplomatically and politically.
Imran said he went to India after spending “every single rupee” with the hope that his son would walk again. However, bilateral tensions between India and Pakistan, and the ensuing atmosphere in India made his family “very scared.”
“I told them, ‘I am married [to her],’ I pleaded with them, cried, and showed a lot of humility,” Imran said about his interaction with Indian authorities.
“But they said, ‘No, write an exit and leave.’“
For Ayan, the shock of being separated from his mother compounded the trauma of his paralysis and incomplete treatment.
“I went for treatment with a hope but that hope shattered because of that accident and then the fact that my mother was not coming with us,” he said.
“I was completely separated from a mother’s love. We were far apart; it made me cry.”
In his statement, Governor Tessori said Pakistanis are a proud nation and know how to share each other’s pain.
“If India has descended into hostility toward humanity, I will get him treated,” he said.

 


PM says no ‘conceivable advantage’ for Pakistan in Indian-administered Kashmir attack

Updated 02 May 2025
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PM says no ‘conceivable advantage’ for Pakistan in Indian-administered Kashmir attack

  • Public anger has swelled in India since the attack and PM Narendra Modi has vowed to pursue the attackers ‘to the ends of the earth’
  • The Pakistani information minister says New Delhi has offered no evidence of Pakistan’s involvement in the attack that killed 26 people

ISLAMABAD: Pakistan would gain no “conceivable advantage” by involving itself in an incident like the Pahalgam attack in Indian-administered Kashmir at a time when it is on the path to economic stability, Prime Minister Shehbaz Sharif said on Thursday, amid heightened tensions between Islamabad and New Delhi over the attack that killed 26 people on April 22.
India has accused Pakistan of backing the attack, which Islamabad denies. The nuclear-armed rivals have since expelled each other’s diplomats and citizens, ordered the border shut and closed their airspace to each other. New Delhi has also suspended a crucial water-sharing treaty with Islamabad.
Soldiers on each side have also exchanged fire along their de facto border, driving tensions between India and Pakistan to their highest point in recent years. The situation prompted US Secretary of State Marco Rubio to call senior officials in India and Pakistan this week in an effort to defuse the crisis.


The tensions come at a time when Pakistan is treading a long, tricky path to economic recovery under a $7 billion International Monetary Fund (IMF) program since averting a default on its foreign debt obligations in 2023. Islamabad has reached out countries in Central Asia and beyond to boost trade as economic indicators significantly improved in the South Asian country.
“Pakistan condemned terrorism in all its forms and manifestations, and underscored the nation’s sacrifices in the war against terror,” PM Sharif said in his conversation with Qatar’s emir Sheikh Tamim bin Hamad Al-Thani, underscoring his nation’s hard-earned economic gains over the past year.
“Pakistan would gain no conceivable advantage by involving itself in any such incident at a time when it was on the path to economic stability.”
Sharif reiterated his call for a credible, transparent and neutral international investigation into the Pahalgam attack, expressing concerns over India’s “weaponization of the waters of the Indus Basin.”
India on April 23 suspended the World Bank-mediated Indus Waters Treaty of 1960 that ensures water for 80 percent of Pakistani farms, saying it would last until “Pakistan credibly and irrevocably abjures its support for cross-border terrorism.” Islamabad has described India’s move as an “act of war.”
In his conversation with the Pakistan premier, the Qatari emir his country wanted to work with Pakistan toward ensuring the de-escalation of the current crisis.
Public anger has swelled in India and Prime Minister Narendra Modi has vowed to pursue the attackers “to the ends of the earth.” A Pakistani minister has said that Pakistan has “credible intelligence” that India is planning to attack it within days.
Pakistan Information Minister Attaullah Tarar told CNN on Thursday that India had failed to provide a shred of proof of Pakistan’s involvement in the Pahalgam incident.
“India, after Pahalgam incident, blamed Pakistan without any evidence, but Pakistan has offered a fair and transparent investigation to the matter,” he said, adding that New Delhi had used such incidents as pretexts to attack Pakistan in the past.
“This is not the first time, they have done this before in the past, exploiting such incidents to their advantage.”
On Thursday, Pakistan’s army chief, Gen. Asim Munir, reviewed a military training exercise by the armed forces in the eastern Punjab province, the military said.
It said in a statement that the “exercise was meticulously designed to validate combat readiness, battlefield synergy, and the operational integration of cutting-edge weapon systems under near-battlefield conditions.”
“Let there be no ambiguity: any military misadventure by India will be met with a swift, resolute, and notch-up response,” the statement quoted Munir as saying. “While Pakistan remains committed to regional peace, our preparedness and resolve to safeguard national interests is absolute.”
The Indian army in a statement on Thursday said it responded to “unprovoked” small arms fire from Pakistan in the Kupwara, Uri and Akhnoor sectors of Indian-controlled Kashmir. The previous day, Pakistan’s state-run media said Indian forces had violated the ceasefire agreement along the de facto border in Kashmir by initiating fire with heavy weapons on troops in the Mandal sector of Azad Kashmir. The incidents could not be independently verified.
The region of Kashmir is split between India and Pakistan and claimed by both in its entirety. The two countries have fought two wars and one limited conflict over the Himalayan territory.
The United Nations (UN) has urged the arch-rivals to talk, while China, which shares its border with both India and Pakistan, this week repeated its call on both sides to “exercise restraint.” Saudi Arabia has said Riyadh was trying to “prevent an escalation,” while Iran has offered to mediate the crisis.