Pakistan seeks to woo Chinese investors at business forum, B2B meetings 

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In this handout photograph, taken and released by Prime Minister Office, Pakistan Prime Minister Shehbaz Sharif speaks at the Pakistan China Business forum in Shenzhen on May 5, 2024. (Photo courtesy: PMO)
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In this handout photograph, taken and released by Prime Minister Office, Pakistan Prime Minister Shehbaz Sharif speaks at the Pakistan China Business forum in Shenzhen on May 5, 2024. (Photo courtesy: PMO)
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Updated 05 June 2024
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Pakistan seeks to woo Chinese investors at business forum, B2B meetings 

  • Prime Minister Shehbaz Sharif is on five-day visit to China from June 4-8
  • Sharif to meet Chinese leadership, including President Jinping, in Beijing

ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif arrived in Beijing on the second day of his five-day visit to China on Wednesday, he is scheduled to meet the top Chinese leadership including President Xi Jinping and oversee the signing of trade and investment agreements in various fields, amid Islamabad push for enhanced economic cooperation with its ally. 
Sharif was received by Chinese Vice Foreign Minister Sun Weidong upon his arrival at the Beijing airport. The premier is accompanied by a high-level delegation comprising the Deputy Prime Minister and Foreign Minister Ishaq Dar and other members of the cabinet and senior officials, a statement from Sharif’s office said. 
“The Prime Minister has an extensive program in Beijing reflecting depth and breadth of Pakistan-China ties,” the Prime Minister’s Office (PMO) said. 
“He will meet the President, the Premier and the Chairman of the Standing Committee of the National People’s Congress.” 
Sharif will also attend a Pakistan-China Friendship and Business event, and hold meetings with the chief executive officers of leading Chinese companies working on the China-Pakistan Economic Corridor (CPEC) projects.
“A number of MoUs between the two countries on cooperation in various fields are likely to be signed,” the statement said.
’FULL SUPPORT’ FOR CHINESE INVESTORS
Earlier, the prime minister said his administration would provide “full support” to Chinese investors entering Pakistan’s market, as the South Asian nation seeks to woo foreign investors amid efforts to stabilize its $350 billion economy.
The premier was speaking at a joint business forum in Shenzhen, a major global technology hub, where he arrived on Tuesday for the first leg of his visit to China from June 4-8. At the top of the agenda are business-to-business meetings and efforts to seek an upgrade for CPEC, a flagship of President Xi Jinping’s Belt and Road Initiative, through which Beijing has pledged over $60 billion in energy and infrastructure Pakistan since 2015. 
Islamabad now hopes CPEC collaborations will enter the industrial, IT and agricultural sectors and is encouraging the involvement of the private sector and business-to-business (B2B) engagements.
Around 79 Pakistani companies are in China to attend the business forum in Shenzhen.
“Today is the opportunity, today is the time,” Sharif said in his address to Pakistani and Chinese executives. “Today is the moment for you to capture, sit down with our Chinese friends and brothers and have serious discussions.
“I want to assure you as not only as the prime minister of Pakistan but as the chief executive officer of Pakistan that I will give you full support like never before to promote your efforts to stitch these deals so that Pakistan and Chinese businessmen they benefit jointly have mutual benefits.”
In his address at the forum, Federal Minister for Finance and Revenue Muhammad Aurangzeb laid out the government’s broader roadmap, emphasizing export-led growth and the crucial role of special economic zones. He said Pakistan was seeking foreign direct investment through government-to-government and business-to-business arrangements and aimed to access international capital markets and tap into Panda Bonds, Renminbi (RMB)-denominated bonds from a non-Chinese issuer, which are sold in mainland China.
Aurangzeb acknowledged “temporary hiccups” in payments and repatriations for Chinese companies but assured that such issues would soon be resolved.
Pakistan has frequently sent high-level official delegations to China, its closest regional ally, in the past. However, most of these visits have been to Beijing and revolved around state-level interactions between the top officials of the two countries.
Sharif’s latest visit comes at a time when his administration is actively trying to put Pakistan’s economy back on track amid prolonged financial troubles that have compelled the country to repeatedly urge friendly nations and international lenders for loans.
In recent months, Pakistani authorities have said they are no longer striving to borrow money from allies but asking them to make “mutually beneficial” investments and explore the possibility of collaborating with local businesses.
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 can meet its external financing needs at a time when its foreign reserves are critically low.
B2B MEETINGS
Earlier, the prime minister met with Zhu Zhaojiang, the founder and chairman of Transsion Holdings, a Chinese multinational company specializing in manufacturing mobile phones.
Zhu expressed interest in expanding investment in Pakistan, particularly in mobile manufacturing units and exploring opportunities in electric bikes, modern agriculture and fintech sectors, according to a statement from Sharif’s office.
The prime minister directed federal ministers and Pakistan’s ambassador to China to swiftly develop a plan of action for Transsion and encouraged the company to produce locally and increase exports from Pakistan whose greatest strength was its young workforce.
During the meeting, Zhu informed Sharif about his company’s existing operations in Pakistan, its global exports and plans for further investments, including an already established unit that employs over 5,000 Pakistan nationals.
On Wednesday afternoon, Sharif also visited the Nanshan One-Stop Service Center and Shenzhen Exhibition Museum and directed his ministers to “immediately coordinate with the Center to replicate a similar modern system in Pakistan,” state-run APP reported.
“He was briefed about the digital system established at the Center to register companies and carry out other processes under one roof. He lauded the modern systems developed at the Nanshan One-Stop Services for the registration of companies and businesses,” APP said.
“He also directed the relevant authorities to take necessary measures to establish a similar system in the country with Chinese cooperation.”
The prime minister also visited the Shenzhen Exhibition Museum where he was briefed about the development journey of Shenzhen city, as well as
the headquarters of Huawei in Shenzhen where he was received by the company’s chairman Liang Hua.
“Chairman Huawei informed the Prime Minister about the operations of Huawei around the world, especially in Pakistan, and expressed deep interest in investing in various sectors of Pakistan,” PMO said.
“The Prime Minister appreciated the innovation of Huawei’s operations and encouraged Huawei to expand its investment in Pakistan.”
After a briefing on e-governance, digital banking, telecommunication and artificial intelligence, Sharif invited Huawei to establish Safe City projects on a priority basis in Pakistan, especially in cities where work on CPEC projects was ongoing.
“The government is taking steps to digitize government offices on a priority basis,” Sharif said. “There are vast investment opportunities in Pakistan for a big company like Huawei in the fields of tax system, e-governance and artificial intelligence.”
Sharif also invited the chairman of Huawei to invest in modern technology in the agricultural sector in Pakistan and attended the signing ceremony of a framework agreement between Huawei and the Pakistani science ministry.
Under the framework agreement, Huawei will provide free training to 200,000 Pakistanis in the field of information technology including artificial intelligence and provide full support in the establishment of Safe Cities, e-governance and digitization of the economy in Pakistan.
During the China visit, the Pakistani prime minister will also meet President Xi Jinping and other senior officials in Beijing before concluding the five-day trip on June 8.


Pakistan vows to send more aid to Palestine, Lebanon amid Israel’s military campaign

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Pakistan vows to send more aid to Palestine, Lebanon amid Israel’s military campaign

  • PM Sharif has asked Pakistani diplomats in Mideast to report on the number of required tents and blankets
  • Pakistan has so far sent 12 aid shipments of ready-to-eat meat, tents and winter clothing to the war zones

ISLAMABAD: Prime Minister Shehbaz Sharif said on Friday Pakistan would continue sending relief goods to Palestine and Lebanon to aid those affected by Israel’s military campaign in the Middle East.
Israel besieged the Gaza Strip and launched airstrikes after a surprise attack by Hamas in October last year, which the group claimed was in response to the worsening conditions of Palestinians under Israeli occupation.
More recently, it opened another front in Lebanon with the stated goal of destroying Hezbollah, which attempted to provide military assistance to the Palestinians, raising fears of a broader regional conflict, potentially involving Iran.
Pakistan has so far dispatched 12 aid shipments to Palestine and Lebanon, which include ready-to-eat meat, tents, tarpaulins, warm bedding, winter clothing and powdered milk.
“We will not abandon the Muslims of Palestine, Gaza and Lebanon in their time of hardship,” the prime minister was quoted as saying in a statement released by his office.
“Pakistan will also send additional tents and blankets for our brothers and sisters in Palestine, Gaza and Lebanon, who are victims of Israeli aggression, as winter approaches,” he added.
Sharif instructed Pakistani ambassadors in Palestine’s neighborhood to submit a report on the required number of tents and blankets in the two war zones.
He said his government would soon send 3,000 more tents and 12,000 blankets to the two countries along with medicines and other items.
“No compromise should be made on the quality of aid being sent to Palestine and Lebanon,” he added.
The prime minister also criticized Western countries for not stopping Israel from killing “defenseless people.”
“History bears witness that the major cause of world wars in the 20th century was the silence of global powers on such conflicts,” he said.


Pakistan PM urges President Biden to release Dr. Aafia Siddiqui from US prison

Updated 18 October 2024
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Pakistan PM urges President Biden to release Dr. Aafia Siddiqui from US prison

  • Sharif’s letter to the US president, written last Sunday, was submitted to a Pakistani court by a state lawyer
  • Sharif wants Biden to take a compassionate view of the situation, release Siddiqui ‘on humanitarian grounds’

ISLAMABAD: Prime Minister Shehbaz Sharif wrote a letter to United States President Joe Biden earlier this month, according to a court hearing on Friday, seeking the release of a Pakistani national, Dr. Aafia Siddiqui, who is serving an 86-year prison sentence in the US on terrorism charges.
The information about the letter emerged after a state lawyer submitted the document, written last Sunday, during an Islamabad High Court hearing that had recently sought a detailed report on the extradition efforts made by Pakistani authorities.
Siddiqui, a US-trained neuroscientist, was convicted in 2010 on multiple charges, including attempting to kill US nationals. She became a suspect after leaving the US and marrying a nephew of Khalid Sheikh Mohammed, a self-proclaimed mastermind of the Sept. 11, 2001, attacks.
Siddiqui was wounded during a confrontation with US officials in Afghanistan in 2008, with some reports suggesting she shot at the Americans.
“I am writing this letter to you, Mr. President, to seek your kind intervention in a matter that deserves to be viewed with compassion,” the prime minister said in his letter. “I am referring to the case of Dr. Aafia Siddiqui ... [who] is serving an eighty-six (86) year sentence, without the possibility of parole.”
Sharif noted that Siddiqui, now 52 years old, had spent approximately 16 years behind bars in the US.
He also emphasized that several Pakistani officials had made consular visits to her in prison, raising “serious concerns” about her treatment while incarcerated.
The prime minister said her time in prison had “severely impacted her already fragile mental and frail physical health,” adding: “In fact, they [the officials] even fear that she could take her own life.”
Pointing out that, as Pakistan’s prime minister, it was his duty to intervene when necessary to ensure the well-being of a citizen, Sharif sought clemency from President Biden for Siddiqui.
“Keeping these facts in view, I request you, Mr. President, to kindly exercise your constitutional authority and accept Dr. Siddiqui’s clemency petition and order her release, strictly on humanitarian grounds,” he said.
Siddiqui’s sister, Fauzia, has taken up her case in the media and has visited her in captivity in the US.
During the hearing, she urged the government to make every effort to bring her back to the country, as the court reviewed the details of how the Pakistani neuroscientist ended up in an American prison.
With input from AP


Pakistan crush England in second Test to set up series decider

Updated 18 October 2024
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Pakistan crush England in second Test to set up series decider

  • Spinner Noman Ali grabbed 8-46, Sajid Khan took 2-93 as the pair wrapped up England’s second innings for 144
  • It was Pakistan’s first home win since Feb. 2021 and came after they were thumped by an innings in the first Test

MULTAN: Spinner Noman Ali took eight wickets as Pakistan crushed England by 152 runs in the second Test to level the series 1-1 on Friday in Multan.
Noman grabbed 8-46 and Sajid Khan took 2-93 as the pair wrapped up England’s second innings for 144 after the visitors were set a daunting target of 297.

Pakistan's Sajid Khan poses for photo with player of the match trophy on the end of the second test cricket match between Pakistan and England, in Multan on October 18, 2024. (AP)

It was Pakistan’s first home win since February 2021 and came after they were thumped by an innings in the first Test, also in Multan.
The third and final Test starts in Rawalpindi from October 24.
Noman finished with a match haul of 11-147 while Sajid had figures of 9-204, only the second time in Pakistan’s history that two bowlers took all 20 wickets in a Test.

Pakistan's Kamran Ghulam, center, shakes hand with England's Shoaib Bashir, fifth right, as his teammate celebrate after winning the second test cricket match against England, in Multan on October 18, 2024. (AP)

Pakistan’s last Test win at home came against South Africa in Rawalpindi more than three years ago. It was followed by 11 home Tests without a win.
This also becomes Shan Masood’s first win as skipper after getting the job last year, including 3-0 and 2-0 whitewashes at the hands of Australia and Bangladesh.
Pakistan’s ploy of dropping ace batsman Babar Azam in one of four changes after the first Test defeat and playing on a reused pitch with three spinners paid off handsomely.
Resuming at 36-2 and facing a tough task on a pitch offering sharp spin, England managed to add just 108 runs before folding.

England's Ben Stokes in action during the second test cricket match against Pakistan, in Multan on October 18, 2024. (REUTERS)

In just the second over of the day Sajid removed Ollie Pope with a sharp turning delivery and caught the miscued drive off his own bowling. Pope made 22.
Noman then trapped Joe Root leg-before for 18 and Harry Brook for 16 to leave England facing defeat at 78-5.

Pakistan’s Sajid Khan, fourth right, celebrates with teammates after taking the wicket of England’s Brydon Carse during the third day of the second test cricket match between Pakistan and England, in Multan on October 17, 2024. (AP)

Brook smashed an epic 317 and Root a brilliant 262 — eclipsing Alastair Cook’s England Test run record — in the first Test, and their dismissals signalled England’s doom was approaching.
Noman’s fourth wicket came in the form of Jamie Smith whose uppish slog sweep was held by Masood at mid-on. Smith scored six.
Skipper Ben Stokes and Brydon Carse fought hard to take the total to 125 when Stokes was stumped in a comical manner, jumping out of the crease to loft Noman but missing the ball as his bat flew out of his hands.
Noman wrapped up the match with the wickets of Carse (27), Jack Leach (one) and Shoaib Bashir (nought), improving his previous best of 7-70 against Sri Lanka in Colombo last year.


Third batch of 26 Palestinian students arrives in Pakistan to resume medical studies

Updated 18 October 2024
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Third batch of 26 Palestinian students arrives in Pakistan to resume medical studies

  • Islamabad announced in July that the Pakistan Medical and Dental Council (PMDC) will provide scholarships to more than 100 Palestinian students
  • These Palestinian students will return after completing their medical education in Pakistan to serve people at home, a Pakistani health official says

ISLAMABAD: A third batch of 26 Palestinian students has arrived in the Pakistani capital of Islamabad to continue their studies in the fields of medicine and dentistry, the Pakistani health ministry said on Friday.
Pakistan’s foreign ministry announced in July that the Pakistan Medical and Dental Council (PMDC) will provide scholarships to over 100 Palestinian students so that they can continue their studies in Pakistan.
The initiative, which came amid Israel’s war on Palestine, is a collaboration between Doctors of Rehman, Global Relief Trust and a leading Pakistani non-governmental organization, Al-Khidmat Foundation.
Pakistan prime minister’s coordinator on health, Dr. Mukhtar Ahmed Bharath, warmly welcomed the Palestinian students upon arrival at the Islamabad airport, according to the Pakistani health ministry.
“Prime Minister Muhammad Shehbaz Sharif had offered Palestinian medical students to continue their studies in Pakistan in view of the current situation in Gaza,” Dr. Bharath was quoted as saying by the ministry.
“[They] will continue their medical and dental education in various medical institutions of Pakistan.”
More than 42,000 Palestinians have so far been killed in Israel’s war on Gaza, according to the Palestinian health authorities. The war began after Hamas attacked Israel on October 7, 2023, killing nearly 1,200 and capturing around 200 others.
“All necessary steps will be taken to provide medical facilities to Palestinian students,” Dr. Bharath said. “[Pakistan] stands with the Palestinian students in this difficult time.”
These Palestinian students would return after completing their medical education in Pakistan to serve people at home, he added.
More than 90 Palestinian students arrived in Pakistan earlier this week via two separate flights to continue their medical studies in the country.
Pakistan does not recognize nor have diplomatic relations with Israel and calls for an independent Palestinian state based on “internationally agreed parameters” and the pre-1967 borders with Al-Quds Al-Sharif as its capital.
Since the beginning of Israel’s war on Gaza, Pakistan has repeatedly raised the issue at the United Nations, the Organization of Islamic Cooperation (OIC) and other multilateral platforms and demanded international powers and bodies stop Israeli military actions in Gaza.
The South Asian country has also dispatched several aid consignments for the Palestinians.


India foreign minister’s Pakistan visit a ‘good beginning’, Nawaz Sharif says

Updated 18 October 2024
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India foreign minister’s Pakistan visit a ‘good beginning’, Nawaz Sharif says

  • Indian Foreign Minister Subrahmanyam Jaishankar was in Pakistan for a meeting of the Shanghai Cooperation Organization
  • Jaishankar and his counterpart Ishaq Dar had an ‘informal interaction,’ an official in Pakistani foreign ministry said on Thursday

MUMBAI: The visit of India’s foreign minister to Pakistan earlier this week was a “good beginning” that could lead to a thaw in relations between the two rivals, former Pakistan Prime Minister Nawaz Sharif was quoted as saying by Indian media on Friday.
Indian Foreign Minister Subrahmanyam Jaishankar was in Pakistan on Tuesday and Wednesday for a meeting of governments of the Shanghai Cooperation Organization, with the capital city under tight lockdown.
“This is how talks move forward. Talks should not stop,” Sharif, the president of the ruling Pakistan Muslim League — Nawaz (PML-N), and the brother of Prime Minister Shehbaz Sharif, told a group of visiting Indian journalists, the Indian Express newspaper reported.
Jaishankar was among nearly a dozen leaders participating in the gathering in Islamabad, nearly a decade since an Indian foreign minister has visited amid frosty relations between the two nuclear powers.
Jaishankar and his counterpart Ishaq Dar had an “informal interaction,” an official in Pakistani foreign ministry said on Thursday, but New Delhi denied that any sort of meeting had taken place.
“We had made it very clear that this particular visit is for SCO head of government meeting. Other than that, there were some pleasantries exchanged on the sidelines of the meeting,” Indian foreign ministry spokesperson Randhir Jaiswal said on Thursday.
“We have lost the last 75 years and it is important we don’t lose the next 75 years,” Sharif was quoted as saying in the Times of India newspaper.