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Shehroze Kashif sets out to make record as only Pakistani to summit all 14 ‘Eight Thousanders’

This file photo, posted on September 18, 2023, Pakistani mountaineer Shehroze Kashif on the camp 2 of Manaslu mountain in Nepal. (Photo courtesy: Instagram/@thebroadboy)
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Updated 18 September 2024
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Shehroze Kashif sets out to make record as only Pakistani to summit all 14 ‘Eight Thousanders’

  • Shehroze Kashif, currently in Nepal, has already ascended 13 of the world’s tallest peaks
  • Another Pakistani, Sirbaz Khan, will also try to summit the same mountain in coming days
Updated 18 September 2024
Nisar Ali

KHAPLU, Gilgit-Baltistan: Pakistan’s leading mountaineer, Shehroze Kashif, is set to embark on a journey to Tibet next week in pursuit of becoming the first high-altitude climber from his country to conquer all 14 peaks towering above 8,000 meters, with Shishapangma, yet unconquered by Pakistani adventurers, marking the final summit.
The Pakistani climber, currently in Nepal, having already ascended 13 of the world’s tallest peaks, revealed that his ambition to complete all 14 began nearly five years ago.
Shishapangma, standing at 8,027 meters, requires permission from Chinese authorities, which can sometimes be difficult for mountaineers to secure.
“I was 11 when I started climbing,” Kashif told Arab News over the phone from Nepal. “When I summitted Broad Peak in 2019, it was my dream to climb all 14 peaks as the youngest climber in the world. Now, many young climbers have come in the field. I couldn’t do it on time due to financial reasons.”




This photo, posted on September 15, 2024, shows young mountaineer Shehroze Kashif in Nepal as he is set to become only Pakistani to summit all 14 ‘Eight Thousanders.’ (Photo courtesy: Instagram/@thebroadboy)

He said that he wanted to conquer Shishapangma last year, but the Chinese authorities closed the mountain for climbing after an accident in which four people were killed.
“Now, I have reached Nepal and will leave for Tibet to summit the last peak,” he continued.
Kashif said he had finalized all the arrangements, adding that he was both mentally and physically fully prepared.
Asked about the most memorable peak during his mountaineering career, he said it was Nanga Parbat in Pakistan.
“We were declared dead when we were stuck at the height of 7,800 meters,” he recalled. “That’s why this mountain will always remain in my heart.”
Speaking to Arab News, Karrar Haidri, the secretary-general of the Alpine Club of Pakistan, said it was a proud movement for the country.




This photo, posted on September 15, 2024, shows Pakistani mountaineer Shehroze Kashif in Nepal as he is set to become only Pakistani to summit all 14 ‘Eight Thousanders.’ (Photo courtesy: Instagram/@thebroadboy)

“The young climber Shehroze Kashif has reached Nepal and will soon summit Shishapangma,” he said over the phone, adding that another Pakistani climber, Sirbaz Khan, was also preparing to conquer the same peak.
He said that more and more people in Pakistan were becoming interested in mountaineering and entering the field.
Other renowned Pakistani climbers also wished Kashif luck.
“Shehroze is fast, got iron will and power,” Anam Uzair, a Pakistani female climber who summited Mt Manaslu and Gasherbrum-II, told Arab News over the phone. “I pray for his safe climb. He will get it this year, if God wills.”




This photo, posted on September 15, 2024, shows Pakistani mountaineer Shehroze Kashif in Nepal as he is set to become only Pakistani to summit all 14 ‘Eight Thousanders.’ (Photo courtesy: Instagram/@thebroadboy)

Naila Kiani, another prominent female mountaineer, noted that despite Pakistan having five of the world’s 14 peaks over 8,000 meters, no Pakistani had yet climbed all of them.
“This will be a significant achievement as two Pakistani climbers are set to summit all 14 peaks this time,” she said. “One of them [Sirbaz Khan] has climbed 11 peaks without using supplemental oxygen.”
Geographically, Pakistan is considered a climbers’ paradise, rivalling Nepal with its abundance of peaks over 7,000 meters. In addition to K2, Pakistan is home to four of the world’s 14 summits exceeding 8,000 meters.
The unspoiled beauty of northern Pakistan was once a major tourist draw, though the tourism industry suffered setbacks due to years of violence. However, the security situation has remained stable in Gilgit-Baltistan, which continues to attract foreign trekkers and climbers.

Topics: Shehroze Kashif Pakistani mountaineer

Pakistani stocks decline by 715 points over profit-taking after two days of gains

Updated 26 June 2025
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Pakistani stocks decline by 715 points over profit-taking after two days of gains

  • KSE-100 Index closes at 122,046.46 points, witnessing a decline of 0.58 percent, as per stock market data
  • Profit-taking driven by fiscal year-end considerations, short-term portfolio rebalancing, says financial analyst
Updated 26 June 2025
Arab News Pakistan

ISLAMABAD: The Pakistan Stock Exchange (PSX) witnessed a bearish trend on Thursday after two days of gains, losing 715.18 points to close at 122,046.46 points, which a financial analyst attributed to profit-taking driven by fiscal year-end considerations.

The PSX closed at 122,046.46 points when trading ended on Thursday, witnessing a negative change of 0.58 percent. The KSE-100 had closed at 122,761.64 points on Wednesday and before that on Tuesday, it surged by 6,079 points or 5.23 percent to close at 122,246 points. Analysts attributed the surge on Tuesday to the ceasefire announcement between Iran and Israel.

As many as 473 companies transacted their shares in the stock market on Thursday, with 200 of them recording gains and 237 sustaining losses, state-run Associated Press of Pakistan (APP) said, adding that the share price of 36 companies remained unchanged.

“After two consecutive sessions of strong gains, the local bourse witnessed a round of profit-taking today, driven by fiscal year-end considerations and short-term portfolio rebalancing,” Maaz Mulla, the vice president of equity sales at Topline Securities Limited, said in a statement.

Mulla said the benchmark KSE-100 index saw a “volatile ride“— climbing 656 points intraday before losing 715 points at close of business. He said the closing figure of 122,046 points reflected “a cautious investor mood” as the quarter draws to a close.

He said despite the decline at the end of the day, the overall market activity remained “vibrant.”

“Total traded volume clocked in at 750 million shares, with a traded value of PKR 29.8 billion,” Mulla said.

APP reported that the three top trading companies on Thursday were Pak Int. Bulk with 37,503,501 shares traded at Rs 8.52 per share, WorldCall Telecom with 33,285,442 shares at Rs 1.45 per share and Pervez Ahmed Co. with 32,962,174 shares at Rs 3.29 per share.

Topics: Pakistan Stock Exchange (PSX)

Pakistan’s National Assembly passes $62 billion budget for next fiscal year

Updated 26 June 2025
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Pakistan’s National Assembly passes $62 billion budget for next fiscal year

  • Budget reflects Pakistan’s attempt to balance security concerns with fiscal reform efforts under $7 billion IMF loan program
  • Government has aimed to reduce fiscal deficit to 3.9% of GDP for next year’s budget, increase defense spending by over 20%
Updated 26 June 2025
Shahjahan Khurram

ISLAMABAD: The lower house of Pakistan’s parliament passed the federal budget for the next fiscal year on Thursday, which has a total outlay of Rs17.57 trillion [$62 billion] and projects economic growth at 4.2%, state-run media reported.

The federal government unveiled the federal budget on June 10, which reflects a 7% decrease in overall spending compared to the current fiscal year. The largest portion of the budget – Rs8.21 trillion ($29 billion), or nearly half of total expenditures – will go toward debt servicing, continuing to strain Pakistan’s fiscal space.

Another salient feature of the budget is Pakistan’s move to increase defense spending by more than 20% in the 2025-26 fiscal year to Rs2.55 trillion ($9.04 billion). Islamabad seeks to bolster military capabilities following Pakistan’s worst confrontation with India in nearly three decades in May.

“The National Assembly has passed the federal budget for the next fiscal year, with a total outlay of 17,573 billion rupees, focusing on sustainable and inclusive economic growth,” state broadcaster Radio Pakistan reported.

The House passed the budget with certain amendments, giving effect to the federal government’s proposals for the financial year set to begin from July 1.

The bill was read out in the National Assembly and approved clause by clause before the session was adjourned until 11 am, Friday.

Pakistan remains under a $7 billion IMF loan program approved last year, and the budget reflects an attempt to balance security concerns with ongoing fiscal reform efforts.

The government has aimed to reduce the fiscal deficit to 3.9% of the GDP for the next year’s budget. While it has projected a growth of 4.2% for the upcoming year, Pakistan’s economy grew just 2.6% in 2024/25, falling short of its 3.6% target due to weak agriculture and industrial output. Inflation has been projected for next year’s budget at 7.5%.

The Federal Board of Revenue (FBR), Pakistan’s main tax authority, has been tasked with collecting Rs14.1 trillion of the projected Rs19.3 trillion in gross revenue in the budget, marking a 19% year-on-year increase.

While announcing the budget on June 10, Finance Minister Muhammad Aurangzeb had announced plans to grow IT exports to $25 billion over the next five years and forecast a rise in workers’ remittances to $38 billion by the end of the current fiscal year.

Topics: Pakistan Budget 2025-26 Pakistan budget

Pakistan issues rain and flood alert for multiple regions from June 26–28

Updated 26 June 2025
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Pakistan issues rain and flood alert for multiple regions from June 26–28

  • Rains lashed Pakistan’s eastern Punjab province over last 24 hours, killing at least four and injuring 19
  • Disaster management authority calls for drain clearance, deployment of emergency services measures
Updated 26 June 2025
SAIMA SHABBIR

ISLAMABAD: Pakistan’s National Disaster Management Authority (NDMA) on Thursday issued a rain and flood alert for multiple regions in the country from June 26-28, warning local authorities to ensure preemptive measures are in place with the monsoon season expected to trigger heavy downpours in the coming days. 

The Pakistan Meteorological (Met) Department forecast on Monday that several parts of the country are expected to receive heavy monsoon rains from June 25 onwards, urging masses to take precautions against the resulting flash floods and landslides in low lying and hilly areas. Rains have also lashed Pakistan’s eastern Punjab province over the last 24 hours, the provincial disaster management authority said on Thursday, killing at least four people and injuring 19 in rain-related incidents. 

“National Emergencies Operation Center (NEOC) of NDMA has issued impact-based alerts due to expected widespread monsoon rainfall and associated flooding risks across several regions of Pakistan from 26th to 28th June,” the NDMA said in a press release. 

It said heavy rain, windstorms, and thunderstorms are likely in multiple districts of Punjab including Lahore, Rawalpindi, Gujranwala, Sialkot, Narowal, Faisalabad, Sargodha, Mianwali, Bahawalpur, Rahim Yar Khan, Multan and Islamabad cities.

“Urban flooding is particularly expected in Lahore, Gujranwala, Rawalpindi, Multan, Bahawalpur, and Rahim Yar Khan, with possible disruption of transportation, drainage overflow and interruption of essential services,” the statement said. 

The disaster management authority said urban flooding is anticipated in Sindh’s Karachi, Hyderabad, Thatta, Jamshoro, Shahid Benazirabad, and Sujawal cities due to rain and thunderstorm with isolated and heavy falls in the same period.

It said widespread moderate to heavy rainfall may affect Jacobabad, Sukkur, Larkana, Nawabshah, Khairpur, Kashmore, Tharparkar, Mirpurkhas, Umerkot, Sanghar, Tando Allahyar, Tando Muhammad Khan, and Badin in Sindh, posing threats of waterlogging, road blockages, and infrastructure damage.

“In Khyber Pakhtunkhwa, Chitral, Swat, Shangla, Kohistan, Abbottabad, Mansehra, and Battagram may experience moderate to heavy rainfall with possible flash flooding and landslides, particularly in vulnerable mountainous terrain,” the NDMA warned. 

It said in Azad Kashmir, including Muzaffarabad, Neelum Valley, Bagh, Rawalakot, Haveli, and Hattian Bala, the forecast predicts moderate to heavy rainfall with the risk of flash floods, landslides, and riverine overflow. It said the Potohar region is also likely to be affected by similar weather patterns.

“NEOC has advised all provincial and district disaster management authorities to ensure preemptive measures such as drain clearance, public adviseries, deployment of emergency services, and readiness for evacuation or rescue operations where needed,” the disaster management authority said. 

It advised residents in flood-prone areas, particularly near nullahs, low-lying zones and slopes, to remain alert and avoid unnecessary movement. 

The authority called on emergency services to ensure readiness for any potential response operations, urging people to stay updated with real-time alerts and guidance from the official NDMA mobile application. 

The NDMA’s warning comes as Pakistan braces for another season of extreme weather, following deadly heatwaves and catastrophic floods in recent years. Ranked among the ten most climate-vulnerable countries in the world, Pakistan is ramping up preparedness efforts, especially in Punjab, where authorities expect significantly above-average rainfall this monsoon.

Topics: Pakistan weather Monsoon 2025 climate change

Pakistan grouped with Saudi Arabia, Iraq in AFC Futsal Asian Cup 2026 qualifiers

Updated 26 June 2025
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Pakistan grouped with Saudi Arabia, Iraq in AFC Futsal Asian Cup 2026 qualifiers

  • Thirty-one international teams to partake in qualifiers from Sept. 20-24
  • AFC Futsal Asian Cup Indonesia 2026 will be contested in Jan. 27-Feb. 7
Updated 26 June 2025
Arab News Pakistan

ISLAMABAD: Pakistan’s football team has been selected in Group D along with Saudi Arabia, Iraq and Chinese Taipei for the qualifiers of the upcoming AFC Futsal Asian Cup Indonesia 2026, the Pakistan Football Federation (PFF) confirmed on Thursday.

Thirty-one teams have confirmed their participation for the 11th qualifiers, which will take place between September 20 to 24. The draw has divided the teams into eight groups— seven groups of four and one group of three— with each to be played in a centralized league format.

“Our journey to the AFC Futsal Asian Cup Indonesia 2026 begins in Group D, sharing the pitch with hosts Saudi Arabia,” the PFF wrote on social media platform X.

“An exciting draw that sets the stage for some incredible matches. Time to prepare!“

India are in Group A with Kuwait, Australia and Mongolia while top seeds Thailand will have to contend with Korea Republic, Bahrain and Brunei Darussalam in Group B.

Four-time winners Japan are the top seeds in Group C with hosts Tajikistan, Macau and Cambodia their challengers. Group E will see Vietnam, Lebanon, hosts China and Hong Kong face each other while Group F includes Uzbekistan, Kyrgyz Republic (hosts), Timor-Leste and Palestine.

Iran, Malaysia, United Arab Emirates and Bangladesh are part of Group G while Afghanistan, Myanmar and Maldives are part of Group H.

The AFC Futsal Asian Cup Indonesia 2026 will be contested from January 27-February 7.

Topics: Pakistan Football Federation (PFF) Pakistan football

Pakistan says Roosevelt Hotel’s base valuation complete, will decide on transaction structure this month

Updated 26 June 2025
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Pakistan says Roosevelt Hotel’s base valuation complete, will decide on transaction structure this month

  • Hotel could fetch 4–5 times more under joint venture than in outright sale, privatization chief says
  • Government hopes to finalize deal structure this June, has hired US consulting firm Jones Lang LaSalle
Updated 26 June 2025
Mehreen Zahra-Malik

ISLAMABAD: Pakistan has completed the baseline valuation of the Roosevelt Hotel in New York and is preparing to move forward with a transaction structure this month to privatize the state-owned property, the head of the Privatization Commission told Arab News this week.

The Roosevelt, a 1,015-room historic hotel in Midtown Manhattan, has long been one of Pakistan’s most prominent but politically sensitive overseas assets. Acquired by Pakistan International Airlines Investment Limited (PIAIL) in 1979, the hotel occupies a full city block on Madison Avenue and 45th Street. Over the past two decades, successive Pakistani governments have floated plans to sell, lease, or redevelop the property, but no proposal has advanced beyond early-stage planning.

Operations at the Roosevelt were suspended in 2020 following steep financial losses during the COVID-19 pandemic. In 2023, Pakistan entered a short-term lease with the City of New York to use the property as a temporary shelter for asylum seekers, generating more than $220 million in projected rental income. That agreement ended in 2024 and no new revenue stream has since been announced.

“We have an idea of the asset valuation in Roosevelt,” Muhammad Ali, chairman of Pakistan’s Privatization Commission, said in an interview when asked about the timeline to privatize the hotel.

“We have appointed JLL [Jones Lang LaSalle], who are one of the top consultants in the US market. They have done their homework. They have done the market sounding also. We just need to get approval from the Cabinet Committee [on Privatization] on the structure, and we’ll move ahead.”

He added:

“So this year, before June, I’m hoping that on the Roosevelt, we will have gone ahead with execution of the transaction as far as whatever structure is decided.”

VALUATION AND TRANSACTION STRUCTURE

The Roosevelt, whose liabilities and losses the privatization chief did not disclose, is one of several state assets the government hopes will contribute to its target of raising Rs86 billion ($306 million) in privatization proceeds during the fiscal year starting July 1, alongside the sale of national carrier Pakistan International Airlines and three electricity distribution companies.

But how much money the hotel ultimately brings in, and its overall valuation, depended on the type of transaction structure adopted, Ali said.

If the government opted for a straightforward “as-is” sale and sold the property without securing any new permissions or approvals for zoning or development, the hotel would fetch the lowest price.

However, if the government first obtained the necessary permits and approvals that a buyer would typically need for redevelopment, the property’s value could double compared to the “as-is” sale.

Alternatively, if the government formed a joint venture with a private investor, sharing both the risks and future profits, the hotel could be worth four to five times more than its as-is valuation.

“So, depending on what sort of structure you have, how much risk you take, how much effort the government puts in, we can make a lot of money from this asset,” the privatization chief said. 

“If we go with a joint venture structure, then this year we will only get the first advance payment, so that’s a small amount of money which will be coming in [FY26].”

Topics: PIA Pakistan Pakistan Privatization Commission Muhammad Ali Roosevelt Hotel

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