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Pakistan PM seeks to woo investors, enhance economic cooperation during five-day China visit

Pakistan Prime Minister Shehbaz Sharif waves as he embarks on a plane to leave for China in Rawalpindi, Pakistan on June 4, 2024. (Government of Pakistan)
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Updated 04 June 2024
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Pakistan PM seeks to woo investors, enhance economic cooperation during five-day China visit

  • Top of agenda for Sharif is enhancing China-Pakistan Economic Corridor, security of Chinese workers in Pakistan
  • Sharif, Guangdong provincial committee official agree to enhance exchanges between scientists, businesspersons
Updated 04 June 2024
Aamir Saeed

ISLAMABAD: Prime Minister Shehbaz Sharif arrived in China on a five-day official trip on Tuesday seeking to woo investors and enhance economic cooperation with China, saying he was hopeful his visit would give fresh impetus to bilateral ties and inaugurate a new phase of a multibillion-dollar joint corridor project.

At the top of the agenda of Sharif’s June 4-8 visit will be upgrading and enhancing the China-Pakistan Economic Corridor (CPEC), a flagship of Beijing’s Belt and Road Initiative and through which it has pledged over $60 billion in Pakistan. Various power and infrastructure projects have already been built in Pakistan under the CPEC scheme but the implementation of various projects has slowed in recent months.

Security of Chinese workers in Pakistan is also expected to come under discussion, weeks after five Chinese workers and their Pakistani driver were killed on Mar. 26 on their way to the Dasu hydropower project in Pakistan’s northwestern Khyber Pakhtunkhwa province. Beijing is pressing Islamabad to guarantee the safety of Chinese organizations and personnel working there.

Sharif arrived in China’s Shenzhen city where he was welcomed by Vice Mayor Luo Huanghao, a statement from the Prime Minister’s Office (PMO) said. Shenzhen is the Pakistani premier’s first stop for a business forum, followed by visits to Xi’an and Beijing as well as to economic and agricultural zones in China. During the visit, Sharif will meet Xi, Premier Li Qiang and the chairman of the Standing Committee of the National People’s Congress Zhao Leji.

The Pakistani premier attended a banquet hosted by Meng Fanli, the deputy party secretary of Guangdong’s provincial committee in Shenzhen. 

“The Prime Minister noted that the deep-rooted ties between Pakistan and China were characterized by frequent engagement and dialogue at the leadership level, people-to-people contacts, cultural and educational exchanges,” the PMO said about the meeting. 

Sharif lauded the impressive economic growth of China’s Guangdong province, describing Shenzhen as “a trade gateway for China’s business linkages with Pakistan.”

 The two sides agreed to explore opportunities for increased cooperation between Pakistan and Guangdong province, particularly under CPEC, the PMO said. They stressed on exchanges between scientists, innovators and businessmen to harness true potential for partnership in science and technology, trade and economic cooperation. 

“They also agreed that Pakistan-China Business Conference to be held tomorrow can make an important contribution in this regard,” Sharif’s office said. 

Before embarking on the trip, Sharif said China shared an “eternal friendship” with Pakistan and that the two countries trust each other since day one.

“We discuss all issues like a family through mutual consultations,” the Pakistani prime minister said in a video message. 

Sharif said CPEC had brought “immense prosperity” in Pakistan, giving the example of power projects that had rejuvenated local industries and agriculture.

“Our visit today will set another high trajectory for this friendship,” he added. “And it will usher CPEC into a new era.”

Pakistan’s foreign office spokesperson said Sharif’s visit would also feature meetings with corporate executives of leading Chinese companies dealing in oil and gas, energy, ICT [information and communication technology], and emerging technologies. 

B2B MEETINGS

In a video message ahead of his departure for China, Planning Minister Ahsan Iqbal said a large number of Pakistani and Chinese companies would be participating in a business forum being held on Wednesday, June 5, in Shenzhen.

“During the business forum, MoUs and agreements for cooperation and partnership between Pakistan and Chinese companies will be signed,” Ahsan said.

The information ministry said 79 Pakistani companies were visiting China for business-to-business meetings and to attend the business forum. 

“The Pakistani delegation has arrived for business-to-business meetings in Shenzhen, China,” the information ministry said. “Representatives of 79 Pakistani companies will meet Chinese companies. The Prime Minister will also participate in the business forum and hold talks.”

The PM’s China visit comes at a time when Pakistan is looking to boost foreign investment to support its fragile economy after averting a default last year, thanks to a $3 billion International Monetary Fund (IMF) bailout. 

Chinese investment and financial support since 2013 have been key for the South Asian nation’s struggling economy, including the rolling over of loans so that Islamabad is able to meet external financing needs at a time its foreign reserves are critically low.

Topics: Pakistan China Ties PM Shehbaz Sharif

Pakistan’s defense minister reports ‘death threat’ to British police, received during subway ride

Updated 14 November 2024
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Pakistan’s defense minister reports ‘death threat’ to British police, received during subway ride

  • Individuals who heckled Khawaja Asif recorded a video, warning he could be stabbed with a knife
  • Pakistani ministers have also complained of harassment by Imran Khan’s followers in the past
Updated 14 November 2024
Arab News Pakistan

ISLAMABAD: Defense Minister Khawaja Asif has lodged a report with the British police over the alleged death threat and abuses hurled at him during a train ride in London, the Pakistan High Commission in the United Kingdom said on Thursday.
A viral video surfaced on social media a day earlier, showing an unidentified man hurling abuses at the Pakistani minister in the native Punjabi language, saying, “Take him away before someone stabs him with a knife.”
While Asif chose to ignore the incident and got off the next stop, he visited the Pakistan High Commission on Thursday to formally report the “death threat” to the UK police and demanding an investigation.
“Khawaja Muhammad Asif lodged a report of the train incident with the local police at the Pakistan High Commission,” said a statement released by the Pakistani diplomatic facility. “He informed the police about the details of the knife threat and harassment incident on the train.”
The incident that took place on the Elizabeth Line is now being investigated by the London Transport police, it added.
“I am on a private visit to London,” Asif was quoted as saying. “I was going to Reading via the Elizabeth Line with a loved one.”
He added that a family of three to four persons “harassed and threatened to kill with a knife and used abusive language” against him while making the video.
“I do not know anyone involved in the incident,” the Pakistan High Commission quoted him as saying. “London Transport Police should use CCTV footage to track down the suspects.”
Asif further said death threats and harassment were a “source of shame” for 1.7 million Pakistanis residing in the UK apart from British citizens.
This is not the first time Pakistani ministers belonging to Prime Minister Shehbaz Sharif’s coalition government, led by the Pakistan Muslim League Nawaz party, have been heckled or harassed in the UK.
In the past, Pakistan Information Minister Ataullah Tarar and Punjab Minister Marriyum Aurangzeb have endured the same treatment allegedly by the Pakistan Tehreek-e-Insaf party supporters of jailed former PM Imran Khan.
 

Topics: Khawaja Asif Pakistan’s defense minister Khawaja Asif

Seven killed in Pakistan’s northwest as militant’s car bomb explodes accidentally

Updated 14 November 2024
AP
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Seven killed in Pakistan’s northwest as militant’s car bomb explodes accidentally

  • The explosion took place in Mir Ali where a militant was fitting a bomb in a car at his residence
  • Blast damaged several nearby homes and wounded 14 people, with some in critical condition
Updated 14 November 2024
AP

PESHAWAR: A powerful car bomb accidentally detonated at the house of a Pakistani Taliban militant in northwestern Pakistan on Thursday, killing at least two children and five suspected militants, police said.
The explosion took place before dawn in the city of Mir Ali in Khyber Pakhtunkhwa province when a man identified a local commander of the militants, Rasool Jan, was fitting a bomb in a car at his house, police official Irfan Khan said.
He said other militants from the Pakistani Taliban group quickly arrived at the scene and removed the bodies of the insurgents who died. Authorities later found the bodies of two children in the rubble of the house, which collapsed in the explosion.
The blast also badly damaged several nearby homes and wounded 14 people, including women. Some of the injured were in critical condition in a hospital, Khan said, but he did not provide details.
The Pakistani Taliban and other insurgents in the region often target security forces with assault rifles, rockets, grenades and suicide car bombings, and Khan said it appeared the car bomb was being prepared for such an attack.
The Pakistani Taliban, known as Tehreek-e-Taliban Pakistan, are separate from the Afghan Taliban but have been emboldened by the group’s takeover of Afghanistan in 2021.
Also Thursday, security forces raided a hideout of insurgents in Harnai, a district in restive southwestern Balochistan province, triggering an intense shootout in which a soldier and three insurgents were killed. During the operation, an army major was killed when a roadside bomb exploded near his vehicle, the military said in a statement.
Pakistan’s President Asif Ali Zardari and Prime Minister Shehbaz Sharif paid tribute to whom they called the “martyred soldiers” in separate statements. They said the fight against terrorism will continue until the elimination of all insurgents.
 

Topics: Pakistani Taliban car bomb car bombing

Pakistan, Russia call for regional collaboration on Afghanistan amid shared security concerns

Updated 14 November 2024
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Pakistan, Russia call for regional collaboration on Afghanistan amid shared security concerns

  • The call comes as Moscow’s special representative for Afghanistan visits Pakistan for a day
  • Despite security issues, Afghanistan’s neighboring states view its stability as vital for progress
Updated 14 November 2024
SAIMA SHABBIR

ISLAMABAD: Pakistan and Russia on Thursday called for greater collaboration among regional states to address the situation in Afghanistan, amid shared concerns over militant violence emanating from the war-torn country.
The call came during a visit by Moscow’s special representative for Afghanistan, Ambassador Zamir Kabulov, who met with Pakistan’s foreign secretary, Amna Baloch, and held detailed discussions with the additional secretary, Ahmad Naseem Warraich, at the Ministry of Foreign Affairs in Islamabad.
“The two sides exchanged views on relations with Afghanistan and called for enhanced coordination among regional countries for a peaceful and prosperous Afghanistan,” the foreign office said. “The two sides agreed to remain engaged toward this end.”
The talks come as both nations grapple with security threats linked to Afghanistan. Russia has voiced alarm over Daesh and its attacks, including a concert bombing in Moscow earlier this year that was linked to militants with ties to Afghanistan.
While the Afghan Taliban and Daesh are sworn enemies, Pakistan accuses the Afghan administration of facilitating the Tehreek-e-Taliban Pakistan (TTP), a proscribed militant network blamed for cross-border attacks, an allegation Kabul denies.
Pakistan’s approach to Afghanistan has grown increasingly confrontational since last year as it pressures Kabul to rein in the TTP. By contrast, Russia announced last month it would remove the Taliban from its list of terrorist organizations, signaling a step toward normalizing ties with Afghanistan’s rulers.
Beyond security, Russia is keen to retain its influence in Central Asia and engage in Afghanistan’s economic reconstruction, particularly in energy and infrastructure projects.
Initiatives such as the Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline and the Trans-Afghan Railway remain key priorities for Moscow, though persistent security challenges have delayed progress.
For Pakistan also, Afghanistan is critical for regional connectivity. Islamabad has offered landlocked Central Asian nations access to its ports, aiming to facilitate trade with global markets via sea routes.
Despite security concerns shared by Afghanistan’s neighboring countries, its stability is viewed as vital to unlocking the economic potential of regional projects.
 

Topics: Pakistan Russia Ties Pakistan Afghanistan Ties

PM Sharif urges nation to perform rain prayers as toxic smog chokes Pakistani cities

Updated 14 November 2024
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PM Sharif urges nation to perform rain prayers as toxic smog chokes Pakistani cities

  • Shehbaz Sharif urges Islamic scholars to play their role in organizing ‘Istisqa’ prayers across the country
  • Toxic smog has enveloped Pakistan’s cultural capital, Lahore, and 17 other districts of Punjab province
Updated 14 November 2024
SAIMA SHABBIR

ISLAMABAD: Prime Minister Shehbaz Sharif has urged the nation to perform prayers for rainfall, calling on Islamic scholars to take the lead in organizing “Istisqa” prayers, his office announced on Thursday, as worsening air quality continues to endanger the health of millions.
The Istisqa prayer is a special Islamic ritual performed to seek rain, primarily during times of drought or severe water shortages. It symbolizes the community’s humility, repentance and reliance on divine mercy for sustenance.
Toxic smog has enveloped Pakistan’s cultural capital, Lahore, and 17 other districts in Punjab since last month. Health officials report that more than 40,000 people have sought treatment for respiratory illnesses, prompting Punjab authorities to close schools until November 17 to safeguard children’s health.
“PM Sharif appeals to the nation to offer Istisqa prayers for rain,” his office announced in a statement. “Scholars should especially play their role in organizing Istisqa prayers.”
The prime minister noted the rainfall would improve the environment apart from aiding in getting rid of diseases.
“Istisqa prayers should be organized in all mosques under the auspices of the federal government and the provinces,” he was quoted as saying. “In the current situation, there is a dire need for rain.”
A day earlier, Pakistan’s Meteorological Department forecast light rains from Nov. 14-16 in most districts of the country’s populous Punjab province.
The UN children’s agency has warned that the health of 11 million children in Punjab is in danger due to air pollution.
South Asia, particularly India and Pakistan, gets shrouded in intense pollution every winter as cold air traps emissions, dust, and smoke from farm fires.
Pollution could cut more than five years from people’s life expectancy in the region, according to a University of Chicago’s Energy Policy Institute study last year.
 

Topics: Shehbaz Sharif Pakistan Prime Minister Shehbaz Sharif Pakistan rain Pakistan rains Pakistan Smog

Pakistan signs four-year pact with Global Green Growth Initiative to boost climate resilience

Updated 14 November 2024
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Pakistan signs four-year pact with Global Green Growth Initiative to boost climate resilience

  • The agreement will help Pakistan’s transition to a green economy, address water scarcity and deforestation
  • Pakistan has ranked as the fifth most vulnerable country to climate change, with its cities engulfed in smog
Updated 14 November 2024
Arab News Pakistan

ISLAMABAD: Pakistan has signed a four-year country program framework agreement with an international green economy organization to advance its sustainable development goals by enhancing climate resilience through green growth initiatives, according to an official statement released on Thursday.
The agreement was signed by Pakistan’s Climate Change Ministry Secretary, Aisha Humera Moriani, and the Global Green Growth Initiative’s (GGGI) Deputy Director-General, Helena McLeod, during a formal ceremony at the United Nations-led Global Climate Conference (COP29) in Baku, Azerbaijan.
Pakistan ranks as the fifth most vulnerable country to climate change, according to the Global Climate Risk Index. In 2022, catastrophic floods claimed over 1,700 lives, affected more than 33 million people, and caused economic losses exceeding $30 billion.
While international donors pledged over $9 billion last January to help Pakistan recover from the devastating floods, officials report that little of the pledged amount has been disbursed so far.
“The Ministry of Climate Change & Environmental Coordination and GGGI has signed a four-year Country Programme Framework agreement to advance Pakistan’s sustainable development goals through targeted climate action and green growth interventions,” said the official statement.
On the occasion, McLeod said her organization aimed to facilitate Pakistan’s transition to a green economy through collaboration with national stakeholders to address water scarcity, deforestation and energy challenges “compounded by climate change effects.”
Prime Minister Shehbaz Sharif’s Coordinator on Climate Change Romina Khurshid Alam thanked the GGGI for engaging with Pakistan to “mobilize green finance, support climate action frameworks and promote investment” to achieve climate resilience.
Pakistan also regularly faces other climate change-induced effects such as droughts, cyclones, torrential rainstorms and heatwaves.
Currently, record-high air pollution levels have triggered hundreds of hospitalizations, school closures and stay-at-home orders in the eastern city of Lahore and other cities in the populous Punjab province, which has been enveloped in thick, toxic smog since last month.
A mix of low-grade fuel emissions from factories and vehicles, exacerbated by agricultural stubble burning, blanket Lahore and its surroundings each winter, trapped by cooler temperatures and slow-moving winds.
The city of 14 million people stuffed with factories on the border with India regularly ranks among the world’s most polluted cities, but it has hit record levels this month, as has New Delhi.
 

Topics: COP 29 Ministry of Climate Change Pakistan Arab News Pakistan

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