First cabinet meeting: Pakistan PM says controlling inflation, getting FDI top priorities

In this handout picture taken and released by Pakistan Prime Minister's Office on March 4, 2024, Pakistan's newly sworn-in Prime Minister Shehbaz Sharif (R) inspects the guard of honor at the Prime Minister House in Islamabad. (AFP/File)
Short Url
Updated 11 March 2024
Follow

First cabinet meeting: Pakistan PM says controlling inflation, getting FDI top priorities

  • Shehbaz Sharif, sworn in for second term, addresses 19-member cabinet 
  • Sharif government faces profound economic, political and security challenges 

ISLAMABAD: Prime Minister Shehbaz Sharif chaired the first meeting of his new cabinet on Monday and declared that bringing down inflation and getting foreign investment were his top priorities, as his government takes the reigns of a country of 241 million people facing profound economic, political and security challenges. 

Cash-strapped Pakistan has grappled with the Feb. 8 general election that threw up a hung National Assembly and delayed the formation of a coalition government until Sharif was sworn in last Monday. A new 19-member cabinet took oath today, Monday.

“Now our biggest responsibility is that we have to take on the burden of this country’s prosperity,” Sharif told the new cabinet. “We have to do our utmost to figure out how to give relief to the poor person.”

Inflation touched a high of 38 percent with record depreciation of the rupee currency under Sharif’s last government from April 2022 to August 2023, mainly due to structural reforms necessitated by an International Monetary Fund (IMF) bailout deal in 2023. Pakistan continues to be enmeshed in economic crisis with inflation remaining high, hovering around 28.8 percent, and economic growth slowing to around 2 percent.

Sharif’s first order of business, as he admitted on Monday, was taking tough decisions to steer the country out of financial crisis, including negotiating a new bailout deal with the IMF. The current IMF program expires this month. 

A new program will mean committing to steps needed to stay on a narrow path to recovery, but which will limit policy options to provide relief to a deeply frustrated population and cater to industries that are looking for government support to spur growth.

“I will not talk about taking loans now, I will talk only about foreign investment,” Sharif said, recounting his message to the Saudi ambassador during a meeting on Monday, referring to the Special Investment Facilitation Council (SIFC) that was set up last July to seek foreign funds, which has civil and military representation.

Other big moves by Sharif will include the privatization of loss-making state-owned enterprises such as the flagship carrier Pakistan International Airlines (PIA). The Sharifs have close ties with rulers in Saudi Arabia and Qatar, which could help in securing investments in several projects Pakistan has lately showcased for sale.

Although defense and key foreign policy decisions are largely influenced by the military, Sharif will have to juggle relations with the US and China, both major allies. He is also faced with dealing with fraying ties with three of Pakistan’s four neighbors, India, Iran and Afghanistan.

Pakistan is also facing a troubling rise in militancy, which Sharif’s government will have to immediately tackle.

“We will not dither or delay, there will be no delay, I won’t accept a minute’s delay,” the prime minister said. “You are my team, experienced people, a combination of youth and experience … and this is the combination that becomes the engine to take nations forward.”

“POLITICAL TEMPERATURES”

Shehbaz Sharif’s toughest challenge will be on the political front. 

Independent candidates backed by jailed former Prime Minister Imran Khan gained the most seats, 93, after the elections, but Sharif’s Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples Party (PPP) of the Bhutto dynasty agreed to an alliance to form a coalition government. No single party won a majority.

The Sunni Ittehad Council backed by Khan alleges that the election was rigged against it and has called for an audit of the polls. Lowering political temperatures will thus be a key challenge for the new government as Khan maintains mass popular support in Pakistan, and a continued crackdown on his party and his remaining in jail would likely stoke tensions at a time when stability is needed to attract foreign investment to shore up the economy. 

For now, the Khan-led opposition has signaled it would “cooperate” with the new government on issues of public concern but keep protesting the alleged manipulation of election results. Protests over the weekend saw over a hundred PTI leaders and supporters arrested, according to the party.

Sharif will also have to manage ties with the all-powerful military, which has directly or indirectly dominated Pakistan since independence. Unlike his elder brother, former PM Nawaz Sharif who has had a rocky relationship with the military in all his three terms, the younger Sharif is considered more acceptable and compliant by the generals, most independent analysts say. The military denies it interferes in political matters.


Belarus president to arrive in Pakistan today for bilateral investment agreements

Updated 19 sec ago
Follow

Belarus president to arrive in Pakistan today for bilateral investment agreements

  • Pakistan, Belarus sign several memorandums of understanding ahead of Aleksander Lukashenko’s visit
  • Pakistan and Belarus, world’s 74th-largest economy by GDP, celebrated thirty years of diplomatic relations this year

ISLAMABAD: Belarus President Aleksander Lukashenko is scheduled to arrive in Pakistan today, Monday, for a three-day visit to the country as Islamabad eyes foreign investment in its renewed efforts to ensure economic growth and stability.
Pakistan’s government has been seeking foreign trade, investment and bilateral cooperation agreements with old and new allies as it seeks to keep its $350 billion fragile economy afloat whilst grappling with a macroeconomic crisis.
A 68-member delegation from Belarus arrived in Pakistan’s capital on Sunday ahead of Lukashenko’s visit. The Belarusian delegation arrives in the capital as thousands of supporters of former prime minister Imran Khan march toward Islamabad, demanding his release from prison, independence of the judiciary and to register their protest against alleged rigging in the country’s February general election. 
“President of the Republic of Belarus Aleksandr Lukashenko will undertake three-day visit to Pakistan from today,” state broadcaster Radio Pakistan said in a report. 
Belarus’ Foreign Minister Maxim Ryzhenkov oversaw the signing of several agreements in Islamabad. Pakistan’s Deputy Foreign Minister Ishaq Dar welcomed Ryzhenkov to the Ministry of Foreign Affairs. 
Pakistan and Belarus, the world’s 74th-largest economy by GDP, celebrated thirty years of the establishment of diplomatic relations this year. Pakistan was one of the first countries to recognize Belarus after the dissolution of the Soviet Union in 1991 and maintains an embassy in Minsk.
The prime minister of Belarus was in Islamabad earlier this year where he met his counterpart as well as the chief of the Pakistan army, among other key leaders.
In September, Pakistan and Belarus discussed different options for a joint venture to establish a tractor plant in the country and reached a consensus on collaborating on a foot-and-mouth disease vaccine to protect cattle, as well as on the capacity building of agricultural engineers in machinery design.
They also agreed to enhance cooperation in the sectors of livestock and seeds, and work together on the mechanization of agriculture and on increasing market access for agricultural and livestock products. Belarus also wants to set up a veterinary medicine plant in Pakistan.
The First Pakistan-Belarus Joint Economic Commission (JEC) was held in 2015 in which the two countries agreed to initiate joint ventures in the textile, pharmaceutical and lighting solution industries and share technological expertise.


Pakistan president calls for education, financial freedom to combat violence against women

Updated 41 min 58 sec ago
Follow

Pakistan president calls for education, financial freedom to combat violence against women

  • Zardari urges ‘systematic reforms’ on International Day to End Violence Against Women
  • Pakistan has introduced laws to protect women, but their implementation is inadequate

ISLAMABAD: President Asif Ali Zardari on Monday called for intensified efforts to eliminate violence against women, emphasizing education and financial independence as essential tools to empower women and ensure their safety.
Zardari issued the statement on the International Day for the Elimination of Violence against Women, observed annually on November 25, to highlight the global issue of gender-based violence, which affects one in three women worldwide, according to the United Nations.
In Pakistan, the problem is compounded by deeply rooted patriarchal norms, with incidents of domestic abuse, honor killings and workplace harassment remaining widespread despite existing laws.
“Today, we renew our commitment to protecting women’s rights, providing a safe and supportive environment and eradicating violence,” the president said in a statement. “It is essential to provide women with education and skills and ensure their financial independence.”
“Every year, thousands of women lose their lives due to violence,” he added. “To prevent violence against women, strategies and systemic reforms must be implemented.”
Pakistan has introduced several laws to protect women, including legislation against sexual violence and workplace harassment. However, human rights organizations point to significant gaps in enforcement and the persistence of discriminatory attitudes that undermine women’s safety.
The president described violence against women as a “major human rights issue,” stressing the importance of raising awareness about women’s rights and the urgent need for collective action to create a safer society.
“Through collective efforts, we can create a safer, violence-free environment for women,” he said.
The president also recalled how Pakistan’s only female prime minister, his late wife Benazir Bhutto, emphasized economic freedom and social equality to improve the quality of life for women in the country.
He said she aspired to create a society free from exploitation and mistreatment of women.
“I am pleased that meaningful efforts are being made in Pakistan to eliminate violence against women,” he added. “Through collective efforts, we can create a safer, violence-free environment for women.”


Elephant Madhubala set to reunite with kin on Tuesday after 15-year separation

Updated 25 November 2024
Follow

Elephant Madhubala set to reunite with kin on Tuesday after 15-year separation

  • Madhubala has languished in Karachi Zoo’s solitary confinement since April 2023 after elephant Noor Jehan died
  • Animal rights activists have campaigned for elephants to be shifted to species-appropriate sanctuaries 

KARACHI: Elephant Madhubala is set to be reunited with her cousins at Karachi’s Safari Park sanctuary on Tuesday after being separated from them for 15 years and spending a year in solitary confinement, an animal welfare organization said. 
Madhubala, one of only three captive elephants in Pakistan, was brought to the country in 2009 along with three other elephants from Tanzania. She and her companion, Noor Jehan, were separated from their kin about 15 years ago and brought to the Karachi Zoo. 

This handout photo, taken and released by FOUR PAWS International, a Vienna-based animal welfare organization, on November 24, 2024, shows Madhubala, one of only three captive elephants in Pakistan, at a zoo in Karachi. (Photo courtesy: FOUR PAWS/Handout)

Noor Jehan passed away in April 2023, leaving Madhubala in solitary confinement at the zoo since then. Animal rights organizations have vigorously campaigned for Madhubala to be shifted to the Safari Park, saying the solitary confinement has taken a toll on her health. 
A team from FOUR PAWS International, a Vienna-based animal welfare organization, has arrived in Karachi to oversee Madhubala’s transfer to the sanctuary. 
“I’m excited to see how Madhubala will react when she meets her cousins,” Dr. Amir Khalil, director of reveal and rescue at FOUR PAWS, told Arab News. 

This handout photo, taken and released by FOUR PAWS International, a Vienna-based animal welfare organization, on November 24, 2024, shows officials from the FOUR PAWS work on a sanctuary being created for Madhubala, one of only three captive elephants in Pakistan, at Safari Park in Karachi. (Photo courtesy: FOUR PAWS/Handout)

“Imagine someone who hasn’t seen their siblings in fifteen years — how will she feel when they finally reunite?”
Animal rights activists have long campaigned against the plight of animals in Pakistan, especially elephants, and demanded they be shifted to “species-appropriate” locations such as the Safari Park.
FOUR PAWS has said the elephant enclosures at Safari Park would have water elements for bathing, skincare and thermoregulation. Enrichments such as hay nets, varying substrates like soil, sand, clay, and sawdust will be provided for Madhubala to dust bathe while the area is secured by elephant-proof fencing.

This handout photo, taken and released by FOUR PAWS International, a Vienna-based animal welfare organization, on November 24, 2024, shows Madhubala, one of only three captive elephants in Pakistan, at a zoo in Karachi. (Photo courtesy: FOUR PAWS/Handout)

Four Paws said in a statement last month that the adaptation work at Karachi’s Safari Park had reached its final stage. Madhubala will be carried from the Karachi Zoo to the Safari Park in a huge transport crate. 
The elephant was trained to enter and exit the crate by herself and sit inside it earlier this year. 
“As part of the final preparations, the focus now lies on completing the landscaping of the elephant enclosure at Safari Park, finalizing enrichment features, and continuing the necessary training of the three elephants, including resuming crate training for Madhubala,” FOUR PAWS said last month.

This handout photo, taken and released by FOUR PAWS International, a Vienna-based animal welfare organization, on November 24, 2024, shows official from the FOUR PAWS works on a sanctuary being created for Madhubala, one of only three captive elephants in Pakistan, at Safari Park in Karachi. (Photo courtesy: FOUR PAWS/Handout)

The relocation, among others, will be witnessed by Karachi Mayor Murtaza Wahab, the consul general of the United Arab Emirates and the ambassador of Austria.

This handout photo, taken and released by FOUR PAWS International, a Vienna-based animal welfare organization, on November 24, 2024, shows Madhubala, one of only three captive elephants in Pakistan, at a zoo in Karachi. (Photo courtesy: FOUR PAWS/Handout)

 


Pakistan Senate chairman leaves for Saudi Arabia to strengthen bilateral ties

Updated 25 November 2024
Follow

Pakistan Senate chairman leaves for Saudi Arabia to strengthen bilateral ties

  • Yousuf Raza Gillani to meet Saudi Shoura Council chairman, governors of Riyadh and Madinah during visit
  • Pakistan and Saudi Arabia closely cooperate in defense, military, economy, trade and other vital sectors

ISLAMABAD: Pakistan’s Senate Chairman Yousuf Raza Gillani left for a five-day trip to Saudi Arabia on Monday with his visit aimed at strengthening bilateral ties and promoting institutional cooperation between Islamabad and Riyadh, the Senate Secretariat said. 
The invitation to Gillani and his delegation was extended by Saudi Arabia’s Shoura Council, the secretariat said. The Majlis Al-Shoura, or Consultative Council, is a legislative body that advises the Saudi king on issues that are important to Saudi Arabia.
“Chairman Senate Syed Yousuf Raza Gillani has left for a five-day trip to Saudi Arabia with a delegation,” the Senate Secretariat said in a statement. 
“The aim of the visit is to further promote bilateral relations and institutional cooperation.”
The Pakistani delegation will hold high-level meetings with the Shoura Council chairman, governors of Madinah and Riyadh, and conduct other high-level meetings, it said. 
Pakistan and Saudi Arabia enjoy cordial relations that have resulted in close cooperation in defense, military, economic and other sectors. 
Last month, Pakistan and Saudi Arabia signed investment agreements worth $2.8 billion while Crown Prince Mohammed bin Salman has pledged to expedite a $5 billion investment portfolio for Islamabad.
Saudi Arabia has frequently bailed Pakistan out of its economic crisis over the years, coming to its aid with loan rollovers and providing oil on deferred payments to Islamabad.


Sri Lankan artist immortalizes Pakistan’s Olympic hero Arshad Nadeem with special painting

Updated 25 November 2024
Follow

Sri Lankan artist immortalizes Pakistan’s Olympic hero Arshad Nadeem with special painting

  • Arshad Nadeem won Pakistan its first Olympic gold medal since 1992 in August with record-breaking javelin throw
  • Titled “The Throw,” Mueen Saheed’s painting features an abstract portrayal of Nadeem and his mother

ISLAMABAD: Sri Lankan artist Mueen Saheed has paid tribute to Pakistani Olympian Arshad Nadeem by dedicating a “special painting” to the sportsman, state-run media recently reported, as a mark of respect for bagging the gold medal for his country earlier this year. 
Nadeem made history at the Paris Olympics in August by setting a new record for the longest javelin throw in the global competition, winning Pakistan its first gold medal since 1992 with a record-breaking 92.97m javelin throw. 
Saheed last week concluded an art cultural tour in Pakistan where he showcased his artwork at three major exhibitions in Lahore and Islamabad.
“Renowned Sri Lankan artist, Mueen Saheed made a memorable addition to his tour of Pakistan by presenting a special painting dedicated to Arshad Nadeem, Pakistan’s celebrated Olympic gold medalist, to the Pakistan National Council of the Arts (PNCA),” the state-run Associated Press of Pakistan (APP) reported on Sunday. 
The painting, now a part of the PNCA’s prestigious permanent collection, pays homage to Nadeem’s remarkable achievements and his role in uniting fans across borders.
Titled “The Throw,” the painting features an abstract portrayal of Nadeem and his mother, veiled behind Saheed’s distinctive brushstrokes and use of small squares, the APP said. 
The presentation ceremony at the PNCA in Islamabad, part of the artist’s “Passages of Light” exhibition, was attended by key figures in the arts and culture sector, including PNCA Director General Muhammad Ayoub Jamali and Information Minister Attaullah Tarar. 
“Arshad Nadeem’s story is one of resilience and humility,” Saheed explained. “His victory at the Olympics and the moments of sportsmanship with his Indian counterpart, Neeraj Chopra, were powerful examples of unity in competition.”
Tarar praised Saheed’s gesture, noting the significance of honoring a national hero whose journey resonates beyond sports, inspiring audiences from Pakistan, India, and around the world, the state-run media said.