ADB projects Pakistan’s growth at 2.8%, stresses need for robust economic reform implementation

Staff members of the Asian Development Bank step out of the Manila-based lender's headquarters on February 17, 2009. (AFP/File)
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Updated 25 September 2024
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ADB projects Pakistan’s growth at 2.8%, stresses need for robust economic reform implementation

  • The bank says a well-regulated monetary policy may keep inflation to about 15% in current fiscal year
  • It believes implementation of economic adjustment program is likely to support private investment

ISLAMABAD: The Asian Development Bank (ADB) said on Wednesday Pakistan’s economic growth witnessed a rebound in the last fiscal year to 2.4% and could surge up to 2.8% in the ongoing financial year, though any sustainable improvement was contingent on continued implementation of robust economic reforms.

According to the ADB’s Asian Development Outlook September 2024, an update to its flagship economic publication, Pakistan’s financial recovery was supported by higher domestic consumption from increased agriculture income and workers’ remittances.

It added that adhering to the country’s economic reform program would be critical to strengthening macroeconomic stability and the continued recovery of growth, though the downside risks remained.

“Pakistan’s economic prospects are closely tied to the steadfast and consistent implementation of policy reforms to stabilize the economy and rebuild fiscal and external buffers,” ADB Country Director for Pakistan Yong Ye said in a statement that also mentioned the projected improvement in the country’s gross domestic product.

“It is imperative that Pakistan continues to consolidate public finances, expand social spending and protection, reduce fiscal risks from state-owned enterprises, and improve the business environment to encourage growth led by the private sector,” he continued.

The ADB said the implementation of the economic adjustment program in the ongoing fiscal year was expected to support private investment that needed more favorable macroeconomic conditions, including easier access to foreign exchange, which would also benefit manufacturing and services.

However, it maintained agriculture was projected to remain slow.

The ADB also acknowledged the reduction in headline inflation that it attributed to a decline in food price inflation due to an increase in agricultural production.

It noted that a well-regulated monetary policy could keep inflation to about 15%.


Pakistan confirms this year's eighth case of mpox virus 

Updated 5 sec ago
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Pakistan confirms this year's eighth case of mpox virus 

  • Latest case detected in 32-year-old man with a travel history outside Pakistan
  • Mpox is mild but people with weak immune systems at higher risk of complications

KARACHI: Pakistan's health ministry on Friday confirmed the country's eighth case of the mpox virus this year in a patient who had recently returned from travels abroad.

People who contract mpox get flu-like symptoms and pus-filled lesions. Children, pregnant women and people with weakened immune systems are at higher risk of complications from the infection. 

Pakistan confirmed its first mpox case in August and has since implemented screening protocols at all airports and border entry points. 

"The 32-year-old patient has been isolated and treated," Health Ministry spokesperson Sajid Shah told Arab News. "He is experiencing mild symptoms and is expected to recover soon."

The spokesman added that the patient had recently returned from travelling in a Gulf country. 

The World Health Organization in August declared a global health emergency over the spread of a new mutated strain of mpox named clade I, which first emerged in the Democratic Republic of Congo and has since spread to several countries, leading to increased monitoring and preventive measures worldwide. 

Pakistan has so far not reported any cases of the new mutation. 
 


Pakistan, China to build expressway linking Gwadar port to airport

Updated 20 December 2024
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Pakistan, China to build expressway linking Gwadar port to airport

  • Starts of operations at Chinese-funded airport in Balochistan was pushed back for a security review in August after deadly militant attacks 
  • Airport will handle domestic and international flights, according to Civil Aviation Authority, and be one of the country’s biggest airports

ISLAMABAD: Islamabad and Beijing have agreed on the construction of an expressway connecting Pakistan’s southern deep-sea port of Gwadar with a new airport being developed by China in the coastal town, state-run APP news agency said on Friday. 

In a statement earlier this month, the Pakistan Airports Authority reiterated its commitment to opening the New Gwadar International Airport by the end of December, after the start of operations at the Chinese-funded airport in Pakistan’s Balochistan province was pushed back for a security review following deadly attacks by separatist militants in the area in August. 

The airport will handle domestic and international flights, according to Pakistan’s Civil Aviation Authority, and will be one of the country’s biggest airports.

“Pakistan and China on Thursday agreed on the construction of an expressway connecting the Gwadar Port with the new Gwadar Airport,” APP reported on Thursday after meetings between Chinese officials and Pakistani Planning Minister Ahsan Iqbal, who is on a visit to China. 

“Additionally, feasibility studies for new motorways, including the Mirpur-Muzaffarabad and Karachi-Hyderabad routes, were agreed to be initiated at the earliest.”

China has pledged over $65 billion in infrastructure, energy and other projects in Pakistan under the China Pakistan Economic Corridor (CPEC).

Part of President Xi Jinping’s Belt and Road Initiative, the program in Pakistan is also developing the deep-water port close to the new $200-million airport in Gwadar, a joint venture between Pakistan, Oman and China that is close to completion.

Although no Chinese projects were targeted in the latest militant attacks in August, they have been frequently attacked in the past by separatists who view China as a foreign invader trying to gain control of impoverished but mineral-rich Balochistan, the site of a decades-long insurgency. 

Recent attacks, including one in which two Chinese workers were killed in a suicide bombing in Karachi, have forced Beijing to publicly criticize Pakistan over security lapses and there have been widespread media reports in recent weeks that China wants its own security forces on the ground to protest its nationals and projects, a demand Islamabad has long resisted. 


Washington says hopes to continue ‘constructive’ engagement with Pakistan on nuclear issues

Updated 20 December 2024
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Washington says hopes to continue ‘constructive’ engagement with Pakistan on nuclear issues

  • The US said this week it was imposing new sanctions related to nuclear-armed Pakistan’s long-range ballistic-missile program
  • State Department spokesman says latest designations based on concerns on missile program, didn’t affect other areas of cooperation

ISLAMABAD: Vedant Patel, a spokesman for the US Department of State, said on Thursday Washington hoped to continue to engage “constructively” with the Pakistani government on nuclear issues, including its concerns over the South Asian nation’s long-range ballistic missile program.

On Wednesday, the US said it was imposing new sanctions related to Pakistan’s long-range ballistic-missile program, including on the state-owned defense agency that oversees the program, the National Development Complex. State Department spokesperson Matthew Miller said the measures slapped on the NDC and three firms were imposed under an executive order that “targets proliferators of weapons of mass destruction and their means of delivery.” The sanctions freeze any US property belonging to the targeted entities and bars Americans from doing business with them.

Pakistan’s foreign ministry has called the US actions “unfortunate and biased” and said they would harm regional stability by “aiming to accentuate military asymmetries,” an apparent reference to the country’s rivalry with nuclear-armed India.

“The US is committed to maintaining the global nonproliferation regime, and Pakistan is an important partner in that. However, we have been clear and consistent about our concerns with Pakistan’s long-range ballistic missile program,” Patel told reporters at a press briefing, adding that it was a longstanding policy by Washington to deny support to Pakistan’s long-range ballistic missile program.

“The Department of State will continue to use sanctions and other tools to protect our national security and ensure that US exporters and US financial systems cannot be abused by proliferators. And it’s our hope to continue to engage constructively with the Pakistani Government on these issues,” the spokesman added. 

He said the latest designations were based on US concerns regarding Pakistan’s long-range ballistic missile program, but didn’t affect other areas of US-Pakistan cooperation.

A State Department factsheet said the Islamabad-based NDC had sought to obtain components for the country’s long-range ballistic-missile program and missile-testing equipment. It said the NDC “is responsible for the development of Pakistan’s ballistic missiles,” including the Shaheen family of missiles. 

The other entities slapped with sanctions were Affiliates International, Akhtar and Sons Private Limited and Rockside Enterprise, all located in Karachi, the factsheet said. It said the companies worked with the NDC to acquire equipment.

The Bulletin of the Atomic Scientists research organization says the Shaheen series of missiles is nuclear-capable.

Pakistan conducted its first nuclear-weapons test in 1998, becoming the seventh country to do so. The Bulletin estimates Pakistan’s arsenal at about 170 warheads.

Separately, US Deputy National Security Adviser Jon Finer on Thursday said Pakistan was developing long-range ballistic missile capabilities that eventually could allow it to strike targets well beyond South Asia, making it an “emerging threat” to the United States.

The senior White House official’s surprise revelation underscored how far the once-close ties between Washington and Islamabad have deteriorated since the 2021 US troop withdrawal from Afghanistan. It also raised questions about whether Pakistan has shifted the objectives of nuclear weapons and ballistic missile programs long intended to counter those of India, with which it has fought three major wars since 1947.

Speaking to the Carnegie Endowment for International Peace, Finer said Pakistan has pursued “increasingly sophisticated missile technology, from long-range ballistic missile systems to equipment, that would enable the testing of significantly larger rocket motors.”

If those trends continue, Finer said, “Pakistan will have the capability to strike targets well beyond South Asia, including in the United States.”

The number of nuclear-armed states with missiles that can reach the US homeland “is very small and they tend to be adversarial,” he continued, naming Russia, North Korea and China.

“So, candidly, it’s hard for us to see Pakistan’s actions as anything other than an emerging threat to the United States,” Finer said.


With inputs from Reuters


Pakistan court orders arrest of senior police officers accused of staging blasphemy suspect’s murder

Updated 20 December 2024
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Pakistan court orders arrest of senior police officers accused of staging blasphemy suspect’s murder

  • Dr Shahnawaz Kunbhar, accused of online blasphemy, was killed by police in a shootout in September
  • Government inquiry said officers, including deputy inspector general of police, had staged the murder

KARACHI: An anti-terrorism court (ATC) in Pakistan’s Sindh province this week issued arrest warrants for six police officers, including a deputy inspector general of police, over accusations they had staged the murder of a doctor accused of blasphemy, but the suspects had not yet been arrested, his family said on Friday.

Dr. Shahnawaz Kunbhar, accused of sharing blasphemous content online, was arrested in Karachi and killed by police in Mirpurkhas on Sept. 18, 2024. Police said the killing was unintentional and happened when officers attempted to stop two men on a motorcycle, and one of them started shoooting, prompting them to return fire. Authorities said it was only after the shooting that they realized the man they had killed was the doctor they had been seeking in a blasphemy case. 

Mass protests in Sindh province and widespread social media outrage followed the doctor’s killing, leading to the formation of a government committee that concluded that Kunbhar was killed in a “staged encounter.” The Sindh provincial government subsequently suspended 10 officers, including a deputy inspector general, and filed charges against 34 suspects. It is rare in Pakistan for government action over violence against people accused of blasphemy. 

Ibrahim Kunbhar, the cousin of the deceased, confirmed to Arab News that the ATC had issued non-bailable arrest warrants for six officers, including former DIG Javed Jiskani, on Thursday. 

“But why do they need non-bailable arrest warrants to apprehend them? They should have been arrested long ago as their guilt has been proven in the official inquiry,” Ibrahim said in a telephone interview on Friday. “We demand that they be immediately apprehended and tried for the murder of Shahnawaz.”

The court also ordered the Federal Investigation Agency to present the accused officers before the court by January 8, 2025. Ibrahim said the FIA had recorded statements from five medical board members who exhumed Kunbhar’s body. One of them, Professor Dr. Waheed, confirmed signs of “torture,” including five broken ribs.

Accusations of blasphemy, sometimes even just rumors, can spark riots and mob rampages in Pakistan. Although killings of suspects by mobs are common, extra-judicial killings by police are rare, as is action against perpetrators of violence in blasphemy cases. 

Human rights groups and civil society organizations have urged the Pakistani government to repeal the country’s blasphemy laws, which they argue contribute to discrimination and violence. They have also called for a comprehensive review of law enforcers’ response to blasphemy accusations.
 


Pakistan joins world leaders in condemnation of Israel on D-8 summit sidelines

Updated 41 min 57 sec ago
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Pakistan joins world leaders in condemnation of Israel on D-8 summit sidelines

  • Pakistani PM Sharif, Turkish President Erdogan and Iranian President Pezeshkian discuss Gaza in separate meetings
  • More than 46,000 people including women and children have been killed during the 14-month war in Palestine

ISLAMABAD: Pakistani Prime Minister Shehbaz Sharif has joined world leaders in condemning Israel’s ongoing military offensives in the Middle East as he attended a summit of D-8 developing nations in Cairo this week, his office said. 

On the sidelines of the forum, Sharif separately met Turkish President Recep Tayyip Erdogan and Iranian President Masoud Pezeshkian after a special session was held on the conflict in the Middle East, where over 46,000 Palestinians, more than half of them women and children, have been killed since Israel launched its war against Hamas in Gaza in October last year. Israel has since carried out attacks on Lebanon as well, killing over 3,000 after accusing Hezbollah of targeting its military. This month, it took control of Syria’s buffer zone and bombed key military and strategic assets after the overthrow of the Bashar Assad regime by opposition forces.

“While condemning the Israeli genocidal actions against the innocent Palestinians, particularly the worsening situation since Oct. 7, 2023, the two leaders reaffirmed their unwavering support for the Palestinian people and their legitimate aspirations for a promised homeland,” Sharif’s office said in a statement after he held a bilateral meeting with Erdogan.

Sharif also separately met with Pezeshkian on the sidelines of the D-8 summit.

“Both leaders showed grave concern at the genocide of innocent Palestinians by Israel and agreed to continue raising their voice for the oppressed Palestinians,” the PM Office said in another press release. “The PM reiterated that Pakistan stands in complete solidarity with their brothers and sisters from Palestine, Lebanon and Syria.”

Since the beginning of Israel’s war on Gaza, Pakistan has repeatedly raised the issue at the United Nations, the Organization of Islamic Cooperation and other multilateral platforms and demanded international powers and bodies stop Israeli military actions. 

Islamabad does not have diplomatic relations with Israel and has for decades called for an independent Palestinian state with Al-Quds Al-Sharif as its capital.