WASHINGTON: The US said on Tuesday it does not support a Pakistan-Iran gas pipeline project from going forward and cautioned about the risk of sanctions in doing business with Tehran.
WHY IT IS IMPORTANT
The Pakistan-Iran gas pipeline, known as the Peace Pipeline, is a long-term project between Tehran and Islamabad, and has faced delays and funding challenges for several years. The pipeline would transport natural gas from Iran to neighboring Pakistan.
Iran and Pakistan had signed a five-year trade plan in August 2023 and set a bilateral trade target at $5 billion.
Pakistan’s Petroleum Minister Musadik Malik said this week that his country was seeking a US sanctions waiver for the gas pipeline from Iran.
KEY QUOTES
“We always advise everyone that doing business with Iran runs the risk of touching upon and coming in contact with our sanctions, and would advise everyone to consider that very carefully,” a US State Department spokesperson told reporters in a press briefing.
“We do not support this pipeline going forward,” the spokesperson added, saying that Donald Lu, the State Department’s top official for South and Central Asia, had said as much to a congressional panel last week.
CONTEXT
A few weeks ago, Pakistan and Iran engaged in tit-for-tat strikes when they exchanged drone and missile strikes on militant bases on each other’s territory.
Washington’s relations with Iran have been thorny for a long time and the US has issued multiple rounds of sanctions on Iranian entities.
Officially allies in fighting extremism, Pakistan and the US have had a complicated relationship over the years, bound by Washington’s dependence on Pakistan to supply its troops during its long war in Afghanistan but plagued by accusations Islamabad played a double game.
Some Pakistani politicians have also accused Washington of meddling in Pakistan’s domestic politics, charges that Washington denies.
US says it doesn’t support Pakistan-Iran gas pipeline project going forward
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US says it doesn’t support Pakistan-Iran gas pipeline project going forward
- US State Department cautions about the risk of sanctions in doing business with Tehran
- Pakistan-Iran gas pipeline has been facing delays and funding challenges for several years
Pakistan stocks smash 105,000 mark on rate cut hopes
- State Bank has already slashed interest rates by 700 basis points in four consecutive meetings since June
- Poll by Topline Securities says 71 percent participants expect central bank will announce rate cut of 200bps
ISLAMABAD: Pakistani stocks continued their record-breaking streak on Wednesday, crossing the 105,000 point mark for the first time on the back of investor confidence of a significant interest rate cut by the central bank at the next monetary policy meeting on Dec. 16.
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index climbed 914.49 points, or 0.87%, to hit a new intraday high of 105,473.56. Wednesday’s session follows Tuesday’s impressive gains, with the market closing at 104,559.07, adding 1,284 points.
The State Bank has already slashed interest rates by 700 basis points (bps) in four consecutive meetings since June, bringing the rate to 15%.
According to a poll conducted by Topline Securities, 71 % of participants expect the central bank will announce a minimum rate cut of 200bps.
“Out of the 71 percent, 63 percent expect the interest rate to be cut by 200bps, 30 percent expect a cut of 250bps, and 7.0 percent anticipate a cut of more than 250bps,” the poll said.
Market analysts credit the rally in stocks to improving macroeconomic indicators, strong trade performance, and the anticipation of further monetary easing.
Pakistan’s annual consumer inflation slowed to 4.9% in November, lower than the government’s forecast and the lowest in nearly six years. This is down from 38% last year.
Trade data released by the Pakistan Bureau of Statistics also supports positive investor sentiment as the trade deficit narrowed by 7.39% during the first five months (July-November) of the current fiscal year, standing at $8.651 billion, compared to $9.341 billion during the same period last year.
Exports rose by 12.57% to hit $13.69 billion, while imports increased by 3.90% to $22.342 billion during this period. November’s trade deficit narrowed even further, dropping by 18.60% year-on-year to $1.589 billion compared to $1.952 billion in November 2023.
Pakistan recalls fast bowler Mohammad Abbas after 3 years for test matches in South Africa
- Abbas has taken 90 wickets in 25 test matches but hasn’t played red-ball cricket for Pakistan since the Jamaica test in 2021
- He has been in impressive form of late, picking up 31 wickets in five premier domestic four-day tournament matches
ISLAMABAD: Pakistan recalled fast bowler Mohammad Abbas after three years for test matches while Shaheen Shah Afridi will play only white-ball cricket in South Africa.
Abbas has taken 90 wickets in 25 test matches but hasn’t played red-ball cricket for Pakistan since the Jamaica test in 2021. He has been in impressive form of late, picking up 31 wickets in five premier domestic four-day tournament matches.
“Shaheen Shah Afridi’s exclusion from the test squad is a strategic decision to ensure he remains physically and mentally fresh for the Champions Trophy,” selection committee member Aaqib Javed said in a statement on Wednesday.
Naseem Shah, who missed the last two home test matches against England, Khurram Shahzad and left-armer Mir Hamza are the pace bowlers named to the test squad.
Pakistan begins its tour of South Africa next Tuesday with three T20s, followed by three ODIs and two test matches at Centurion and Cape Town.
“We have adopted a horses for courses policy to ensure all three squads are well-balanced and capable of performing strongly in South Africa,” said Javed, who was also appointed interim white-ball coach ahead of Pakistan’s tour to Zimbabwe.
“Our focus in ODIs is to continue building momentum ahead of the Champions Trophy, while the T20 series provides a platform to blend experience with emerging talent.”
Off-spinner Sajid Khan missed out on the test team despite claiming 19 wickets in the last two test matches against England at Multan and Rawalpindi. Noman Ali, who picked up 20 wickets in those two memorable victories for Pakistan, won the selectors’ nod ahead of Sajid.
“Leaving out Sajid Khan, despite his stellar performances against England, was an extremely tough and difficult decision,” Javed said. “However, considering the pace-friendly conditions at Centurion and in Cape Town, we opted for Mohammad Abbas instead, who is an outstanding exponent of seam bowling.”
Former all format captain Babar Azam, Mohammad Rizwan, Saim Ayub and Salman Ali Agha were named to all three squads.
The selectors have kept faith in youngster Sufiyan Muqeem for T20s and ODIs after the left-arm wrist spinner claimed eight wickets in two T20s against Zimbabwe. Sufiyan also recorded Pakistan’s best-ever T20 figures of five wickets for three runs at Bulawayo on Tuesday that routed Zimbabwe for its lowest T20 score of 57 all out.
Squads:
Tests: Shan Masood (captain), Saud Shakeel, Aamer Jamal, Abdullah Shafique, Babar Azam, Haseebullah Khan, Kamran Ghulam, Khurram Shahzad, Mir Hamza, Mohammad Abbas, Mohammad Rizwan, Naseem Shah, Noman Ali, Saim Ayub and Salman Ali Agha.
ODIs: Mohammad Rizwan, Abdullah Shafique, Abrar Ahmed, Babar Azam, Haris Rauf, Kamran Ghulam, Mohammad Hasnain, Muhammad Irfan Khan, Naseem Shah, Saim Ayub, Salman Ali Agha, Shaheen Shah Afridi, Sufiyan Muqeem, Tayyab Tahir and Usman Khan.
T20s: Mohammad Rizwan (captain), Abrar Ahmed, Babar Azam, Haris Rauf, Jahandad Khan, Abbas Afridi, Mohammad Hasnain, Irfan Khan, Omair Bin Yousuf, Saim Ayub, Salman Ali Agha, Shaheen Shah Afridi, Sufiyan Muqeem, Tayyab Tahir and Usman Khan.
At UNAOC forum, Pakistan raises concern over ‘alarming rise’ in attacks on mosques
- Statement comes amid ongoing Israeli invasion of Gaza where nearly 1,000 mosques have been destroyed
- Palestinian Religious Affairs Ministry has said about 300 Islamic scholars have been killed in the military strikes
ISLAMABAD: Pakistan has raised the issue of an “alarming rise” in attacks on mosques and other Islamic religious and heritage sites at the 10th UN Alliance of Civilizations (UNAOC) Global Forum, the foreign office said on Wednesday.
Additional Foreign Secretary Imran Ahmed Siddiqui represented Pakistan at the UNAOC Global Forum, the UNAOC High Level Group of Friends Ministerial Meeting and the Global Conference on safeguarding religious sites held in Cascais, Portugal, with the ambassador of Pakistan to Portugal, Khalid Ejaz, part of the Pakistan delegation.
“Additional Foreign Secretary reaffirmed Pakistan’s unwavering commitment to combating Islamophobia and expressed concern at the alarming rise in deliberate attacks on mosques, often carried out with impunity and state sanction,” the foreign office said.
“He urged the UNAOC to prioritize the protection of mosques and other Islamic religious and heritage sites that are under immediate threat of destruction.”
The statement comes amid the ongoing Israeli invasion of Gaza, which has resulted in significant destruction and damage to numerous religious sites including mosques and churches. By March this year, more than 1,000 mosques had been destroyed by Israeli attacks.
Hundreds of imams and religious scholars have also been killed as a result of the campaign in Gaza. The Palestinian Ministry of Awqaf and Religious Affairs has said about 300 Islamic scholars, including Qur’an teachers, Islamic preachers and imams, have been killed in strikes.
Bundoo Khan: How one restaurant parlayed barbeque into a Karachi landmark
- Founded in 1948, Bundoo Khan Restaurant is a mainstay for politicians, celebrities, and residents of the port city
- Eatery first gained prominence when its barbeque caught the eye of ex-president Ayub Khan at a local exhibition
KARACHI: For over seven decades, the Bundoo Khan Restaurant has been a culinary landmark in the Pakistani port city of Karachi, delighting generations of food lovers with its signature kebabs, sizzling chicken tikkas and crunchy parathas.
Founded in 1948 by Al Hajj Bundoo Khan, a migrant from Meerut in present day India, the restaurant began as a humble barbecue stall on Karachi’s MA Jinnah Road, then known as Bandar Road, using family recipes passed down from a maternal uncle.
While the eatery was a hit from the beginning, it gained visibility when its innovative approach to grilling and marinating caught the eye of General Ayub Khan, who served as the president of Pakistan from 1958 until his resignation in 1969. Becoming a favorite of the president turned the small eatery into the talk of the town, and it began to draw large crowds from all walks of life.
“My father can be called the founder of barbecue [in Karachi],” Akber Bundoo Khan, the founder’s 62-year-old son, told Arab News.
“No one knew how to make tikka [like him], how kebabs were made, how parathas were made or how halwa was made.”
Indeed, barbeque has become synonymous with the Bundoo Khan name in Karachi, cementing its reputation as a must-visit destination for the city’s residents and a gathering place for politicians, government officials, actors and singers.
“This brand has been around for 76 years,” said Waqar Mehmood, Bundoo Khan’s grandson who oversees a branch in the city’s Sindhi Muslim area.
“When we first set up an exhibition [during the first few decades], the first person to visit was [Pakistan’s former president] Ayub Khan who gave us the first prize and a gold medal for our barbecue.”
Mehmood spoke about visits to the restaurant by General Ayub Khan’s family, as well as Pakistan’s former first lady Ranaa Liaquat Ali Khan, ex-premier Zulfiqar Ali Bhutto and the now jailed former Prime Minister Imran Khan. Legendary Pakistani actors like Muhammad Ali, Zeba and Waheed Murad were also loyal patrons and iconic singer Noor Jehan continued to request Bundoo Khan’s food until her last days before she passed away in 2000.
“Every day, I would personally take her double-spiced chicken tikka and six kebabs to the hospital,” he said.
The restaurant’s influence has also been immortalized in Pakistani music, with songs like Ahmed Rushdi’s 1954 hit “Bandar Road Se Keamari” and Mehdi Hassan’s 1977 track “Makhan Jesi Larki,” both mentioning the eatery.
Pakistani TV and film actor Behroze Sabzwari recalled childhood memories of visiting the original branch on MA Jinnah Road and meeting the restaurant’s founder, who passed away in 1987 at the age of 105.
“I lived and grew up in the area right behind the Bundoo Khan [Restaurant] in Jacob Line,” he told Arab News. “It wasn’t much, but you could get tikka for just 10 or 15 rupees [$0.05] and everything else as well. And believe me, the taste from those days of that halwa, that tikka, those kebabs, that paratha still lingers with me to this day.”
Asad Sohail, an engineer and regular customer, also recalled visiting Bundoo Khan as a child with his father and grandfather, saying dinner at the restaurant was a must after a night out at the movies.
“We used to come here with my grandfather, wearing shorts, when we were little. Then, as kids, we came with our father,” he said.
“Their barbecue, I haven’t tasted anything like it anywhere in Pakistan. It’s truly unique. Their kebabs are so tender, the marination is perfect, and the tikka, what can I say? It’s completely different from anything else.”
Today, while the restaurant keeps attracting new customers at all its branches in Karachi and across Pakistan as well as in Dubai and Madinah, the first branch on MA Jinnah Road has seen a decline in clients in recent years due to a rise in crime in the area.
Still, Akber Bundoo Khan’s son insists the original location will never shut down.
“This is our asset,” he said. “The flavor that started here has spread all over the world. It’s because of this taste that we’re famous ... Our identity, our entire legacy, has been built from here.”
Pakistan’s largest province launches project to clean cities, sets three-month zero waste target
- Pakistan is estimated to generate approximately 49.6 million tons of solid waste per year
- Most collected waste in Punjab, province of 128 million people, is dumped in open sites
ISLAMABAD: Punjab Chief Minister Maryam Nawaz Sharif has launched a first of its kind project to clean up cities and villages in Pakistan’s largest province, setting a three-month zero waste target as the South Asian nation of 240 million grapples with a growing waste management problem.
According to the Waste Management update by the International Trade Administration, Pakistan generates nearly 49.6 million tons of solid waste annually. In big cities, 60 percent of the solid waste is collected daily while 40 percent remains in empty plots, street corners, abandoned buildings, open drains and nullahs.
Pakistan has few managed landfill sites for waste disposal. Most collected solid waste in Punjab, which has a population of around 128 million, is simply dumped in open sites.
All major cities face enormous challenges on how to manage urban waste. Bureaucratic hurdles, lack of urban planning, inadequate waste management equipment and technology, and low public awareness contribute to the problem.
“For the first time, the Punjab government has launched a program to clean cities and villages on a uniform basis,” Sharif said at a ceremony to launch the ‘Suthra Punjab’ program across the province. “Keeping our streets and neighborhods like our own houses is our foremost duty.”
She said around 100,000 people would be employed for the project within a few weeks and engaged to clean city roads and streets.
“As many as 21,000 modern machines and more than 80,000 equipment are being provided for cleaning and garbage collection across Punjab,” the CM said. “The industry related to sanitation and waste management will be promoted.”
Local and municipal governments are responsible for collecting waste throughout most of Pakistan’s major cities. In cities, about 60–70 percent of solid garbage is collected, with the garbage collection fleet typically consisting of open trucks, tractor/trolley systems, and arm roll containers/trucks for secondary collection and transfer. Handcarts and donkey pull-carts are used for primary collection. Some municipalities hire street sweepers and sanitary workers to augment other collection methods. They use wheelbarrows and brooms to collect solid waste from small heaps and dustbins, then store it in formal and informal depots.
Karachi, Pakistan’s largest city, makes use of three sanitary landfill sites, whereas Lahore, the country’s second-largest city and the provincial capital of Punjab, has two such sites. There are plans to construct appropriate landfill sites in other major cities as well. In several regions, solid waste is disposed of outside the boundaries of the urban areas.
Solid waste management capabilities and systems vary by province. In Punjab, Lahore is the only city with a proper solid waste management, treatment, and disposal system, which was outsourced to Turkish companies Albayrak and OzPak.
In Sindh, the Sindh Solid Waste Management Board (SSWMB) aims to improve solid waste management services in 20 cities, and regularly announces tenders for a wide range of waste management projects in the province. In Khyber Pakhtunkhwa, the Water and Sanitation Services Peshawar (WSSP) is planning to build a sanitary landfill. Balochistan, Pakistan’s largest province by area but with a sparse population of 6.9 million, has no significant infrastructure for waste management.
Much of Pakistan’s solid waste is retrieved for recycling, primarily by scavengers, before it ever reaches disposal locations, and a large portion of the country’s solid waste never makes it to final disposal sites.
