Saudi development agency signs $100 million in loans with Pakistan for hydropower projects in Kashmir

Pakistan Prime Minister Shehbaz Sharif (second left), Saudi Fund for Development (SFD) CEO Sultan Al-Marshad (left), and the delegation are pictured after a meeting at the PM Office in Islamabad, Pakistan on March 22, 2024. (Government of Pakistan)
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Updated 22 March 2024
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Saudi development agency signs $100 million in loans with Pakistan for hydropower projects in Kashmir

  • The projects are expected to prevent deforestation in areas where people still rely on wood for energy
  • The two projects will generate 70 megawatts of electricity that will be transmitted to the national grid

ISLAMABAD: A visiting Saudi Fund for Development (SFD) delegation signed two loan agreements of about $100 million with Pakistan’s economic affairs ministry on Friday to finance two important hydropower projects in Azad Jammu and Kashmir (AJK).

The SFD is a Saudi government agency that provides development assistance and financial aid to developing countries in the form of loans and grants. It aims to support these countries in implementing projects that promote economic stability and growth, improve infrastructure and enhance living standards.

The SFD has also been instrumental in aiding Pakistan’s economy by depositing money in the country’s central bank to help boost its foreign exchange reserves. Additionally, it has funded various development projects in Pakistan, including infrastructure, education and health initiatives to contribute to the country’s socio-economic development.

The Saudi agency has now agreed to bankroll two hydropower projects in Azad Kashmir to support Pakistan’s efforts for energy sustainability and economic growth.

“To enhance development cooperation, #SFD CEO, H.E. Mr. Sultan Al-Marshad, signed today with Pakistan’s Secretary Ministry of Economic Affairs, H.E. Dr. Kazim Niaz, two development loan agreements to finance Shounter Hydropower Project worth $66 Million & Jagran-IV Hydropower Project worth $35 Million,” the SFD announced in a social media post.

Earlier, the delegation met Pakistan’s economic affairs minister Ahad Khan Cheema who witnessed the signing of the agreements.

According to a statement released by his office, the two projects “aim at harnessing the indigenously available hydropower potential and generating 70 MW hydropower which will be transmitted to national grid.”

“Moreover, it will help in eradicating the menace of deforestation by providing electricity as an alternative to the energy needs of the local communities, who hitherto are entirely dependent on forest wood,” it added, “and create economic opportunities for socioeconomic uplift of the people of AJK.”

Cheema also appreciated the role and support of SFD to Pakistan at a challenging time and emphasized further strengthening of ties in the future.

The top SFD official leading the delegation also assured the Saudi agency’s continued support to Pakistan.

Later, the SFD delegation met with Prime Minister Shehbaz Sharif who appreciated the support of the Saudi agency while highlighting the need to expedite the processing of new projects.


Pakistan polio program says 72 cases reported in 2024

Updated 43 min 16 sec ago
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Pakistan polio program says 72 cases reported in 2024

  • Seventy-second polio case reported in female child from northwestern Dera Ismail Khan district
  • Pakistan polio program is scheduled to hold first nationwide vaccination drive of 2025 from Feb. 3

KARACHI: Pakistan’s polio program on Wednesday confirmed another poliovirus infection from last year, taking the tally of total cases reported in 2024 to 72 amid Islamabad’s attempts to stem the spread of the disease. 
Polio is a paralyzing disease that has no cure. Multiple doses of the oral polio vaccine and completion of the routine vaccination schedule for all children under the age of five is essential to provide children high immunity against this terrible disease.
The Regional Reference Laboratory for Polio Eradication at the National Institute of Health confirmed the 72nd case in a female child from the northwestern Dera Ismail Khan district. 
“The onset of this case was on December 31, 2024,” the program said in a statement. “D.I. Khan has now reported 11 polio cases in 2024.”
Giving a breakdown of the cases reported in 2024, the program said 27 cases were reported from Balochistan, 22 from Khyber Pakhtunkhwa, 21 from Sindh, and one each from Punjab and Islamabad.
Pakistan, along with neighboring Afghanistan, remains the last polio-endemic country in the world. In the early 1990s, Pakistan reported around 20,000 cases annually but in 2018 the number dropped to eight cases. Six cases were reported in 2023 and only one in 2021.
Pakistan’s polio eradication efforts have met several challenges in recent years, including attacks by militants and misinformation by religious hard-liners.
The Pakistan polio program is scheduled to hold the country’s first nationwide vaccination drive of this year from Feb. 3 till Feb. 9.
“It is crucial for parents to ensure vaccination for all their children under the age of five to keep them protected,” it said.


Senior Bangladeshi army official, on rare visit to Pakistan, continues high-level meetings in Islamabad

Updated 15 January 2025
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Senior Bangladeshi army official, on rare visit to Pakistan, continues high-level meetings in Islamabad

  • Lt. Gen. S M Kamr-ul-Hassan, principal staff officer of Bangladesh’s armed forces, meets Pakistan’s air chief 
  • Both discuss enhancing military partnerships via joint trainings, exchange initiatives amid thaw in relations

ISLAMABAD: A senior Bangladesh army official continued his high-level meetings with Pakistan’s military leadership on Wednesday, calling on Air Chief Marshal Zaheer Ahmed Baber Sidhu to discuss bilateral collaboration, a day after he met Pakistan Army’s chief to discuss regional security. 
Lt. Gen. S M Kamr-ul-Hassan, principal staff officer (PSO) of the Armed Forces Division of Bangladesh, arrived in Pakistan this week and met the country’s senior military commanders, including Army Chief General Syed Asim Munir, on Tuesday. Pakistan’s military said Hassan and Munir both agreed during the meeting that their countries must remain resilient against “external influences.”
Pakistan and Bangladesh were once one nation, but they split in 1971 after a bloody civil war, which saw the part previously referred to as East Pakistan seceding to form the independent nation of Bangladesh.
In the years since, Bangladeshi leaders, particularly former prime minister Sheikh Hasina, chose to maintain close ties with India, Pakistan’s arch-rival. Ties between Pakistan and Bangladesh have warmed up since Hasina’s ouster as a result of a student-led uprising in August 2024, witnessing a marked improvement.
“A high-level defense delegation of Bangladesh led by Lt. Gen. S M Kamrul Hassan, Principal Staff Officer, Armed Forces Division, Bangladesh, called on Air Chief Marshal Zaheer Ahmed Baber Sidhu, Chief of the Air Staff, Pakistan Air Force at Air Headquarters Islamabad,” Pakistan military’s media wing said. 
Sindhu reaffirmed his commitment to enhancing military partnership between the two air forces through joint training initiatives, the Pakistani military said. It added that the two sides agreed to explore collaboration avenues, including exchange initiatives and joint trainings.
It said Gen. Hassan lauded Pakistan Air Force’s innovative projects, cutting-edge technologies and indigenously developed technological framework.
“He expressed profound interest in sophisticated military hardware being developed, notably the JF-17 Thunder fighter jets,” the statement said. 
Amid the thaw in relations between the two countries, Pakistan and Bangladesh signed a landmark agreement to establish a joint business council in Dhaka on Tuesday.
The Pakistani business delegation held meetings with their counterparts in Bangladesh during their Dhaka visit to discuss ways to enhance trade ties. The Trade Corporation of Pakistan also signed a memorandum of understanding for rice export to Bangladesh on Tuesday.
Pakistan’s Deputy Prime Minister Ishaq Dar is also scheduled to visit Dhaka in the beginning of February to further consolidate the relations between the two countries.


Pakistan dispatches goods convoy to Central Asia through partnership with Dubai’s DP World

Updated 15 January 2025
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Pakistan dispatches goods convoy to Central Asia through partnership with Dubai’s DP World

  • Pakistan and DP World this week finalized terms for freight corridor project from Karachi to country’s southwest
  • DP World CEO says partnership to provide vast business opportunities and strengthen regional economic activities

ISLAMABAD: Pakistan dispatched its first convoy of commercial goods from its southern port city of Karachi to Central Asia through the partnership between the state-owned National Logistics Corporation (NLC) and UAE-based DP World firm, state media reported on Wednesday. 
The development takes place days after Pakistan and DP World finalized terms for a freight corridor project from Karachi Port to the Pipri Marshalling yard in southern Pakistan. 
The Karachi Freight Corridor is an infrastructure project in Pakistan aimed at improving the movement of freight from Karachi, the country’s largest city, to various parts of the country. The project involves the construction of a dedicated double-track corridor and other related facilities that will run 50 km from Karachi port to the Pipri marshalling yard.
“The first convoy carrying commercial goods has been dispatched from Karachi to Central Asia through the partnership between NLC and DP World,” state broadcaster Radio Pakistan reported. 
It added that senior officials from DP World and NLC, as well as prominent business figures attended the launch event. 
Sultan Ahmed Bin Sulayem, DP World’s group chairman and CEO, said the strategic position of NLC in the region and DP World’s global presence will provide vast business opportunities and strengthen economic activities.
“The Director-General of NLC said this initiative will have far-reaching effects on regional trade and will be immensely beneficial for the business community of the region,” state media reported. 
Pakistan has reached out to regional allies, especially Gulf countries, to bolster trade and foreign investment in recent months. Pakistan and the UAE last year signed two inter-governmental framework agreements to establish a dedicated rail freight corridor and economic zone near Karachi.
The agreements cover plans for over $3 billion investments in railways, economic zones and infrastructure. DP World will act on behalf of Dubai, while the Pakistan Railways and Port Qasim Authority will act on behalf of Pakistan.


‘Meet with Ghalib’: Urdu festival in Dubai to bring iconic poet to life via hologram

Updated 15 January 2025
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‘Meet with Ghalib’: Urdu festival in Dubai to bring iconic poet to life via hologram

  • Two-day Urdu festival “Jashn-e-Rekhta” will be held from Feb. 1-2 at Dubai’s Zabeel Park
  • Mirza Ghalib (1797-1869) is considered by experts, critics as the greatest Urdu poet of all time

ISLAMABAD: Jashn-e-Rekhta, an annual festival celebrating the Urdu language, will bring to life celebrated poet Mirza Asadullah Baig Khan during its 2025 edition in Dubai via a life-sized hologram next month, the organizer said on Wednesday, offering an enthralling experience for millions of fans of the poet in the subcontinent.
Khan was born on Dec. 27, 1797, in India’s Agra city and was a well-known poet in the Persian and Urdu languages. Referred to popularly simply as “Ghalib,” he remains one of the most popular and influential masters of the Urdu language in both India and Pakistan long after his death in 1869. His poetry is characterized by sadness, the result of a tragic life that saw him orphaned at an early age and losing all seven of his children in their infancy.
Jashn-e-Rekhta is an annual event organized by Rekhta International Cultural Events since 2015. It celebrates Urdu and is dedicated to its language, literature and culture. The two-day festival will be held in Dubai from Feb.1-2 at the iconic Zabeel Park.
The event will bring together around 100 artists, poets and performers from India, Pakistan and other countries. Along with Ghalib’s hologram, another standout feature is the “Dial-e-Poet,” an artificial intelligence (AI) powered rotary phone booth that allows attendees to listen to the voices of iconic poets such as Faiz Ahmed Faiz, Jaun Elia and Ahmed Faraz.
“We will have a hologram display where a real life-size holographic image of Ghalib will appear and we, in fact, are calling it meet with Mirza Ghalib, as he actually narrates his two-and-half-minute speech,” Satish Gupta, the head of programs and festivals at Rekhta told Arab News over the phone from Dubai.
“It will be like he is attending the festival himself just to give his followers a feeling of actually meeting him.”
Gupta described the festival as “more than just an event,” calling it a celebration of Urdu’s beauty and its power to bridge cultures and bring people together.
The “Dial-A-Poet” experience features vintage rotary phones where visitors can dial specific numbers assigned to five iconic poets, including Rahat Indori, Ahmed Faraz and Faiz Ahmed Faiz, he said.
“Using advanced AI voice cloning, the phones play pre-recorded recitations of the poets’ works, offering a one-way interaction that brings their timeless poetry to life in an innovative and immersive way,” Gupta said.
He said the festival will feature around 10 to 12 programs featuring over 95 artists, lead performers and their teams.
“The lineup includes groups, bands and dance troupes from India, Pakistan and a Sufi qawwali group from Bali, Indonesia,” he added.
Gupta said the festival’s first day will showcase the debut performance of a women’s qawwali group presenting the essence of spiritual music.
“This will be followed by Piyush Mishra’s Ballimaaraan, exploring the cultural ties between Delhi and Lahore through music and Shafqat Amanat Ali’s Maah-e-Tamaam, offering a soulful and rhythmic musical journey,” he said.
The second day of the festival will feature a panel discussion on Urdu in films. Participants include prominent Pakistani actors Saba Qamar, Imran Abbas and Adeel Hashmi, Gupta said.
This will be followed by a session involving famed Indian poet, lyricist and screenwriter Javed Akhtar and Pakistani screenwriter Zehra Nigah, who will discuss the connection between films and Urdu literature.
“Arfa Sayeda Zehra and Samina Peerzada will explore Urdu as a language of love and friendship, while Ali Sethi’s musical performance, Shaam Dhale, will conclude the festival on a romantic note,” he said.
In addition to the performances, visitors can enjoy the “Aiwan-e-Zaiqa Food Festival” highlighting South Asian and Middle Eastern cuisines, or explore the Rekhta Bazaar featuring books, handicrafts and merchandise that celebrate Urdu’s artistic heritage, Gupta said.


Saudi Arabia says SFD could contribute over $100 million to Pakistan’s mining infrastructure

Updated 15 January 2025
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Saudi Arabia says SFD could contribute over $100 million to Pakistan’s mining infrastructure

  • The Kingdom is hosting a three-day Future Minerals Forum summit from Jan. 14-16 in Saudi capital 
  • Saudi minister Bandar Alkhorayef says Manara Minerals looking at investing in Pakistan’s Reko Diq mine

RIYADH: Saudi Arabia’s Mining Minister Bandar Alkhorayef told Reuters on Wednesday that mining company Manara Minerals was looking at investing in Pakistan’s Reko Diq mine, saying that the Saudi Development Fund could contribute over $100 million to Pakistan’s mining infrastructure.
Executives from Manara visited Pakistan in May last year for talks about buying a stake in the Reko Diq mine, considered one of the world’s largest underdeveloped copper-gold areas by global mining company Barrick Gold, which owns the project jointly with Pakistan. 
Manara, a joint venture between state-controlled miner Ma’aden and the $925 billion Public Investment Fund (PIF), was set up as part of the kingdom’s efforts to diversify its economy away from oil, including by buying minority stakes in assets overseas.
“Part of what we are looking at is how we can help Pakistan also in some infrastructure,” Alkhorayef said in an interview on the sidelines of the Future Minerals Forum in Riyadh.
“Without that infrastructure the economics of the deal are not attractive, so through the Saudi Development Fund we are thinking about how we can finance it.”
He also spoke about Saudi Arabian state oil giant Aramco’s project to extract lithium, saying it is “promising, but not yet commercially viable.” 
Aramco has partnered with the King Abdullah University for Science and Technology (KAUST) for the pilot, Bandar Alkhorayef said. 
Lithium Infinity, also known as Lihytech, a start-up launched out of KAUST, is leading the extraction project with cooperation from Saudi mining company Ma’aden and Aramco.
Lithium is a key component in the batteries of electric cars, laptops, and smartphones. Reuters previously reported that Saudi Arabia and the United Arab Emirates’ national oil companies planned to extract the mineral from oil runoffs.