Pakistan, Azerbaijan to enhance trade to $2 billion as President Aliyev visits Islamabad

In this handout photograph, taken and released by Prime Minister’s Office, Pakistan Prime Minister Shehbaz Sharif (right) shakes hands with Azerbaijan President Ilham Aliyev (left) as he arrives in Pakistan on a two-day trip in Islamabad on July 11, 2024. (Photo courtesy: PMO)
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Updated 12 July 2024
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Pakistan, Azerbaijan to enhance trade to $2 billion as President Aliyev visits Islamabad

  • Azerbaijan President Ilham Aliyev arrives in Islamabad on two-day visit to boost bilateral economic ties
  • Azeri president says both countries have reviewed projects related to energy, infrastructure and connectivity

ISLAMABAD: Pakistan and Azerbaijan both agreed to enhance the volume of bilateral trade between the two countries to $2 billion on Thursday, vowing to strengthen ties and increase cooperation in mutually beneficial economic projects during Azeri President Ilham Aliyev’s official two-day visit to the country. 

Prime Minister Shehbaz Sharif and senior members of his cabinet welcomed Aliyev as he arrived in Islamabad. The Azerbaijan president was welcomed with a 21-gun salute and presented with a guard of honor by a Pakistan Army contingent. 

Pakistan’s foreign office said this week Aliyev’s visit was expected to boost economic cooperation between the two countries. His visit follows an inaugural Pakistan-Turkiye-Azerbaijan trilateral summit in Kazakhstan this month, which was attended by Pakistan Prime Minister Shehbaz Sharif. At the summit, Sharif proposed the establishment of tripartite institutional mechanisms in economic and investment areas to further strengthen cooperation among the three nations.

Speaking at a joint press conference with Aliyev, Sharif said both countries have to move forward and “touch higher levels of achievement” in trade, saying it was at a minuscule level of around $100 million. 

“If I may say with your permission, brother president, that we have discussed an initial figure of $2 billion of investments in areas of mutual beneficial projects,” Sharif said as the audience broke out in applause. “For that we had initial discussions today and tomorrow, a formal discussion will take place with the teams of the two countries.”

Sharif said he would undertake a visit to Azerbaijan in November this year, hoping the two countries would ink agreements worth $2 billion then. 

“There is great potential in both sides to really enhance these figures to billions of dollars in years to come,” the Pakistani premier said. 

Aliyev confirmed that delegations of the two countries would meet on Friday to discuss investment projects worth $2 billion. 

“We have already reviewed several projects in the areas of energy, infrastructure, connectivity and many others, including defense industry where we are cooperating very successfully,” he said. “So, we will build a strong partnership not only on a political level which we already have but on economic level, trade and investment levels.”

PAKISTAN’S INVESTMENT PUSH

Pakistan has increasingly sought to position itself as a transit hub connecting landlocked Central Asian states to the Arabian Sea in recent months.

Islamabad has sought to bolster trade and investment relations with allies to stabilize its fragile $350 billion economy that faces an acute balance of payment crisis, soaring inflation and surging external debt.

Pakistan last year narrowly avoided a sovereign debt default when it secured a last-gasp $3 billion loan from the International Monetary Fund (IMF).

Since April, Sharif has undertaken visits to Saudi Arabia, the United Arab Emirates while Pakistan has received important diplomatic and business delegations from Iran, China, Azerbaijan, Japan, Saudi Arabia and other countries to bolster trade and cut reliance on foreign aid.

Pakistan’s Petroleum Minister Musadik Malik said on Wednesday that Azerbaijan was considering $2-3 billion in Pakistan, adding that Baku was particularly interested in the oil, gas and mineral sectors.

Speaking to a private news channel, Malik said Azerbaijan was focusing on the oil and gas exploration sector. he added that the country was keen to expand investments in the Liquefied Natural Gas (LNG) sector as well.

“Discussions will include increasing textile exports and promoting the IT sector between the two countries,” the state-run Associated Press of Pakistan (APP) quoted Malik as saying.


Sultana Nasab becomes third Pakistani woman climber to summit ‘Savage Mountain’ K2

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Sultana Nasab becomes third Pakistani woman climber to summit ‘Savage Mountain’ K2

  • Nasab was part of K2 expedition team led by experienced Pakistani mountaineer Sirbaz Khan 
  • Two other Pakistani women, Samina Baig and Naila Kiani, have previously summited K2 mountain

ISLAMABAD: Pakistan’s Sultana Nasab became the third female mountaineer from her country to summit the towering K2 mountain this week, state media reported, describing her achievement as a “groundbreaking” one for women in the country. 

Nasab was part of an expedition team to K2 mountain led by experienced Pakistani mountaineer Sirbaz Khan. The female mountaineer, who hails from upper Hunza in Pakistan’s northern Gilgit-Baltistan (GB) region, became the only woman member of the expedition to reach the summit on Monday. 

Only two other Pakistani women climbers, Samina Baig and Naila Kiani, have previously summited the world’s second-highest mountain before. 

“In a groundbreaking achievement Sultana Nasab from GB Pakistan a member of the first women’s expedition team successfully summited K2, the world’s second-highest mountain, on early Monday morning,” the state-run Associated Press of Pakistan (APP) said in a report. 

The expedition included seven other climbers who successfully reached the summit, APP said. These included Khan, the team leader, Abdul Joshi, Ejaz Karim, Faryad, Sherzad Karim, Ali Muhammad Sarpara, Muhammad Ali Sarpara and Sultana Nasab. 

GB-based journalist Abdul Rehman Bukhari told APP Nasab’s achievement was a “historic” moment for Pakistani women, adding that it is a testament to the country’s potential of “producing world-class mountaineers.”

“Sultana’s achievement is a tribute to women empowerment and a testament to the fact that with determination and hard work, women can achieve anything they set their minds to,” Bukhari said. 

Standing at 8,611 meters (28,251 feet) on the Pakistan-China border, K2 is 238 meters shorter than the world’s tallest mountain, Everest, but is considered more technically challenging — earning it the nickname “Savage Mountain.”

Mountaineers are especially wary of the “Bottleneck,” a challenging and hazardous section on K2’s climbing route. It is usually described as one of the most notorious and treacherous parts of the ascent by the mountaineering community.

Many climbers from around the world have died in their quest to summit the mountain. 


A storied Karachi bookstore and its septuagenarian owner offer remembrance of things past 

Updated 30 July 2024
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A storied Karachi bookstore and its septuagenarian owner offer remembrance of things past 

  • Founded in 1910 in Karachi’s Juna Market, “Abbasi Kutubkhana” was once a cherished spot for the city’s poets, scholars and authors
  • 48-square-yard space houses 6,000 books in multiple languages, both new books and those up to six decades old are available 

KARACHI: With a backpack slung over his shoulder, Habib Hussain Abbasi, 74, turned into a street off Karachi’s bustling Napier Road and lifted the shutter to open “Abbasi Kutubkhana.”

Established as a roadside stall in 1910 by Abbasi’s maternal grandfather Ghulam Abbas Dawoodbhai in Juna Market, Abbasi Kutubkhana now stands as the port city’s oldest bookstore. 

Located in a 48-square-yard space with a ground and a mezzanine floor, the store houses over 6,000 books on a variety of topics from politics and history to school syllabus and fiction. New titles as well as many that are over 60 years old are available in several languages, including Urdu, Arabic, Persian, English, Pashto, Sindhi, Punjabi, and Saraiki. 

“It’s like you have arrived from a desert to an oasis,” Abbasi told Arab News in an interview one morning this month as he entered his bookstore, which he described in its heyday as a vibrant space frequented by Karachi’s writers, poets, scholars and politicians. 

The picture taken on July 27, 2024, shows Karachi’s bustling Napier Road, where Habib Hussain Abbasi's book shop is situated. (AN photo)

Abbasi himself started sitting at the store when he was in the fourth grade, he said, coming straight from school in his uniform to assist his father. 

“I would change here, have my lunch and start helping my father,” he recalled. “Still every day I ache to come here. For me it is like having food, if I don’t come here for a day, I feel like I’m hungry.”

Around the bookstore, one can find stalls of street food like jalebis and samosas and shops selling crockery, hardware, spices and shoes but there are no other bookstores in sight. 

That was not always the case.

After Pakistan gained independence in 1947, Abbasi said, around a dozen bookstores emerged in Juna Market, making it the go-to area for Karachi’s book lovers. 

“Earlier there used to be many bookstores here, at least 10-12,” the shop owner said.

“Slowly they started diminishing, to the point that now only my bookstore is left ... reaching this place [Juna Market] is a task in itself.”

But the shop’s vast collection means if one can’t find a book elsewhere in the city, they will eventually still make the hike to Juna Market and end up at Abbasi Kutubkhana. 

“A customer came looking for some specific books which were not available in the market, hence I have come here looking for those books,” said Nizamuddin Khan, a customer at Abbasi’s shop who himself owns a bookstore in the city’s Urdu Book Bazaar. 

“Generally, if a customer needs a book that is out of stock anywhere in Pakistan and has very little chance of being found, there is a 90 percent chance they will find it here.”

And Abbasi does not mind if you aren’t a paying customer. 

“If they come and sit here, read the book, take notes or make photocopies, they are fully allowed to do so,” he added. 

While Abbasi has carried on his grandfather’s and father’s legacy of managing the bookstore for 60 years, none of his three children have opted to join the family business. 

That worries the septuagenarian. 

“I need to think about the bookstore’s future,” he said, particularly in an era when online sales have been driving independent bookstores out of business across the world:

“It would have been a wise decision on my part if I had pursued that direction [of setting up an online bookstore], it would have helped me significantly. From the beginning, I did not lean toward that approach … Sometimes, I hold myself responsible and question why I didn’t … Had I done so, it would have created more ease for people as well.”

Pointing at other shops in the street, Abbasi said:

“Sandals or shoes are displayed in beautiful glass showcases while books are being sold on footpaths. This is a huge tragedy when it comes to books.”

Then he paused, and added: 

“But God willing, I won’t let that happen to this bookstore.”


Pakistan street football team notch second consecutive win in Norway Cup

Updated 30 July 2024
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Pakistan street football team notch second consecutive win in Norway Cup

  • Pakistan beat Norwegian association football club Vardenest BK 5-0 in Oslo 
  • South Asian country finished runners-up in last edition of the tournament 

ISLAMABAD: Pakistan’s street football team this week registered their second successive victory in the Norway Cup after defeating Norwegian association football club Vardenest BK 5-0, state media reported on Tuesday. 

Pakistan began the tournament on a high note last week, defeating Norwegian club Astor Footballklubb 6-1 on Sunday. The green shirts faced Vardenest BK in Islo on Monday for their second match of the tournament. 

“In Norway Cup 2024, Pakistan street child football team has defeated Vardeneset BK 5-0 in their second match of the tournament in Oslo,” the state-run Radio Pakistan said in a report.

Having finished as runners-up in the last edition, Pakistan are eager to lift the title this time. 

Pakistan will play their third match against Oystese IL Oystese on July 30. The tournament is running from July 27 till August 3.

Pakistan finished runners-up in the Street Child World Cup in Qatar in 2022. They were also the runners-up in the previous edition in Russia in 2018 and finished third in the 2014 edition in Brazil.


Pakistan’s deputy PM to attend Iranian president-elect’s oath ceremony today 

Updated 30 July 2024
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Pakistan’s deputy PM to attend Iranian president-elect’s oath ceremony today 

  • Pakistan says visit attests to commitment by both countries to strengthen bilateral cooperation
  • Masoud Pezeshkian, a moderate, won runoff election on July 5 to replace late Iranian president Raisi

ISLAMABAD: Pakistan’s Deputy Prime Minister Ishaq Dar will attend the oath taking ceremony of Iran’s President-elect Masoud Pezeshkian in Tehran today, Tuesday, the foreign office confirmed, saying that the visit attests to the two countries’ commitment to forge stronger bilateral ties. 

Pezeshkian will take oath of office after Iran’s supreme leader formally endorsed him as the country’s president on Sunday. Pezeshkian won a runoff election on July 5 against his ultraconservative opponent Saeed Jalili to replace president Ebrahim Raisi, who died in a helicopter crash in May.

“Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar will lead the Pakistan delegation at the inauguration/oath ceremony of the President-elect of Iran, Dr. Masoud Pezeshkian, to be held on 30 July 2024 in Tehran,” Pakistan’s Ministry of Foreign Affairs (MoFA) said in a statement. 

“The visit attests to the commitment by the two countries to strengthen leadership-level engagement and bilateral cooperation.”

Pakistan and Iran have had a history of rocky relations despite several commercial pacts. Their highest profile agreement is a stalled gas supply deal signed in 2010 to build a pipeline from Iran’s Fars gas field to Pakistan’s southern provinces of Balochistan and Sindh.

Pakistan and Iran also find themselves at odds due to the instability along their shared porous border, with their leaders routinely trading blame after militant attacks in their respective territories.

Earlier this year in January, Pakistan and Iran exchanged airstrikes, with each government claiming to have targeted militant hideouts in the other country. Both states have since made peace overtures and restored bilateral ties through multiple high-level visits.

One of these high-level visits included that of Raisi, who visited Pakistan in April this year. Both countries resolved to enhance their bilateral trade to $10 billion during the late Iranian president’s official tour. 

Pezeshkian, a relative moderate, will assume office amid soaring tensions and fears of a wider conflict breaking out in the Middle East with Israel and Iran-backed Hezbollah threatening to attack each other. 

Iran on Sunday warned Israel against attacking Lebanon as Israeli authorities blame Hezbollah for a rocket attack on Saturday that hit a football ground in Israel-occupied Golan Heights. Twelve people were reportedly killed in the attack, with Israel vowing to inflict a heavy response against Hezbollah. 


Negotiations continue with government as thousands remain camped in Rawalpindi for inflation protests

Updated 13 min 31 sec ago
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Negotiations continue with government as thousands remain camped in Rawalpindi for inflation protests

  • The protesters have gathered since Friday on the call of Jamaat-e-Islami religio-political party against inflation, high power bills
  • A government team last week held its first round of talks with the protesters, but has yet to respond to 10 key demands laid by them

RAWALPINDI: A Pakistani religio-political party has vowed to continue its protest sit-in in Rawalpindi until the government meets its demands to address high costs of living, with the protest entering its fifth day on Tuesday.

Thousands of Jamaat-e-Islami (JI) party supporters have camped at Rawalpindi’s historic Liaqat Bagh ground since Friday to demand the government reduce petroleum levy, slash prices of essential products and revoke additional taxes introduced in last month's budget among other conditions.

JI chief Hafiz Naeem-ur-Rehman has also called for a reduction in power tariffs recommended by the International Monetary Fund (IMF) amid soaring inflation, along with a review of Pakistan’s loss-making agreements with independent power producers (IPPs).

The government of Prime Minister Shehbaz Sharif has formed a three-member negotiating committee, which held its first round of talks with the JI last week. The party laid its 10 demands in the meeting and has since been awaiting the government's response.

“We have presented our demands and now the government will tell us after the meeting of their technical committee and then we will decide [the future course of action] accordingly,” Liaqat Baloch, head of the JI negotiation team told Arab News on Monday.

“These talks [with the government] will continue, but the sit-in will also continue and we are hopeful that we will succeed in our purpose.”

The JI has called on the government to provide a 50 percent “relief” to those who consumed 500 units of electricity, reduce the prices of essential commodities by 20 percent and withdraw taxes on stationery items. It has also demanded the government slash its non-development expenditures by 35 percent and reduce its overall spending.

“The first round of talks happened yesterday and they [the government] have decided that they are forming a technical committee on all the issues so that they can fully review them and then can continue talks,” JI’s Baloch said, adding it was the need of the time that someone should step forward on these basic issues for the public.

FRUSTRATION AND ANGER

Arab News visited the site of the JI sit-in on Monday, where a large number of woman supporters had gathered after the party designated the fourth day of the protest for them.

Fouzia Ghani, a protest organizer from Rawalpindi, said their sit-in would continue until their demands were met, appealing more women to come and join them.

“We demand through this sit-in the government abolish these taxes and provide relief to the people,” she told Arab News.

The public sentiment at the sit-in was marked by widespread frustration and anger as demonstrators voiced their grievances over unfulfilled promises and rising costs of living.

Zahida Malik, a schoolteacher from Mianwali, traveled more than 200 kilometers to join the sit-in, driven by her "frustration over high electricity bills and rampant inflation."

“This issue affects everyone,” she told Arab News. “Women manage the household while men earn, so inflation impacts both.”

Pakistan’s inflation quickened in June for first time in six months as energy costs inched up, while consumer prices rose 12.57% on a year-on-year, according to data released by the country's statistics bureau.

Noor Muhammad, who previously worked at a hotel in Azad Kashmir, demanded the government address poverty and the issue of soaring electricity bills.

"I am unemployed but received a Rs15,000 bill for my home," he said, echoing the sentiments of several others at the protest. "From where should I pay? Should I provide ration or pay the Rs15,000 bill."

Evidently frustrated, Zaheer Abbasi, a security guard in Rawalpindi, called for the government to go home.

“Our first demand is to end this government, and our second demand is to correct our [electricity] bill and end the oppression that is being inflicted on us," he said. "I just came from the WAPDA [Water and Power Development Authority] office, and no one listened to me there."

'POSITIVE OUTCOME'

Speaking to reporters in Rawalpindi on Monday, Information Minister Attaullah Tarar expressed hope for a "positive outcome" of a meeting of the government's technical committee to discuss the protesters' demands.

“The technical committee will discuss all aspects and I hope they will come up with a solution,” he said.

About a possible march by protesters to the Red Zone in Islamabad that houses key government and diplomatic offices, Tarar said it was not permitted and no one would be allowed to enter the Red Zone or to violate the law.