ISLAMABAD: Prime Minister Shehbaz Sharif on Friday invited American banks to invest in Pakistan’s infrastructure, energy, technology and agriculture sectors as the South Asian country seeks sustainable forms of external financing like direct investment.
On Friday, the IMF said Pakistan had received “significant financing assurances” from China, Saudi Arabia and the United Arab Emirates linked to a new International Monetary Fund program that go beyond a deal to roll over $12 billion in bilateral loans owed to them by Islamabad.
The IMF’s Executive Board on Wednesday approved the new $7 billion, 37-month loan agreement for Pakistan that will require “sound policies and reforms” to strengthen macroeconomic stability and address structural challenges alongside “continued strong financial support from Pakistan’s development and bilateral partners.”
The approval releases an immediate $1 billion disbursement to Islamabad.
On Friday, Sharif met a delegation of officials from top American banks in New York, including JP Morgan, Natixis Corporate & Investment Bank, Sumitomo Mitsui Banking Corporation, Goldman Sachs, Citizens Bank, Lazard and Audax Private Equity Partnering.
“The Prime Minister assured the delegation of the government’s commitment to maintaining a stable macroeconomic environment to facilitate foreign investors,” state broadcaster Radio Pakistan said in a report after the meeting.
“The Prime Minister informed the delegation about the key initiatives taken by the Government to stabilize the economy and attract foreign investment to Pakistan, including broadening the tax base, enhancing the ease of doing business, and ongoing reforms in the state-owned enterprises.”
These steps had resulted in improved economic indicators and the up-gradation of Pakistan’s credit rating by international rating agencies, including, Fitch and Moodys.
“He also briefed the delegation on the establishment of a Sustainable Finance Framework, which will allow the government to carry out a green and sustainability bond issuance in the international capital markets,” Radio Pakistan reported.
Islamabad had been working on implementing the IMF’s conditions, which Sharif had previously called “strict” to secure the 37-month loan program agreed in July.
One condition was to secure additional external financing, which the country was struggling to do.
The IMF said in a statement on Wednesday that Pakistan had taken key steps to restore economic stability with consistent policy implementation under the 2023-24 standby arrangement.
It added that growth had rebounded to 2.4 percent and inflation has receded significantly, falling to single digits, amid appropriately tight fiscal and monetary policies.
A contained current account and calm foreign exchange market conditions have allowed the rebuilding of reserve buffers, and the central bank of Pakistan has been able to cut the policy rate by a total of 450 bps since June, the statement said.
Despite this progress, it said, Pakistan’s vulnerabilities and structural challenges remain formidable, adding that the tax base remains too narrow.
“Without a concerted adjustment and reform effort, Pakistan risks falling further behind its peers,” it warned.
With inputs from Reuters
Pakistan invites investment from American banks as it seeks sustainable external financing
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Pakistan invites investment from American banks as it seeks sustainable external financing
- On Friday, Sharif met officials of top American banks including JP Morgan, Natixis Corporate & Investment Bank, Goldman Sachs
- IMF bailout loan is contingent on “continued strong financial support from Pakistan’s development and bilateral partners”
Pakistani minister, FIFA president discuss football’s growing popularity in country
- Football has been growing popular over the years in Pakistan, particularly among young fans
- Mohsin Naqvi invites Gianni Infantino to Pakistan, discusses potential of sports in Pakistan
ISLAMABAD: Interior Minister Mohsin Naqvi met FIFA President Gianni Infantino on Friday to discuss football’s growing popularity in Pakistan and the potential that the sport has in the country, the minister said in a statement.
Football in Pakistan has long existed in the shadow of cricket. However, the sport has been growing popular over the years, particularly among the youth, who form a passionate fan base in urban centers.
Naqvi, who is also the chairman of the Pakistan Cricket Board (PCB), met Infantino in Washington on Friday.
“Had an excellent meeting with FIFA President Gianni Infantino,” Naqvi said in a post on X following his meeting with him during a trip to the US.
“We discussed the immense potential of sports in Pakistan — especially the growing popularity of football following cricket,” he added.
Pakistan and FIFA share a complex yet evolving relationship, shaped by ongoing efforts to develop football infrastructure and promote the sport in the country.
Pakistan has faced repeated administrative challenges and international suspensions, largely due to government interference in football affairs.
In 2019, FIFA appointed a normalization committee to restore order within the Pakistan Football Federation (PFF) and facilitate the holding of democratic elections.
FIFA suspended the PFF earlier in February after its elected congress rejected the constitutional amendments proposed by the global football body but the ban was reversed in March after PFF accepted the proposed constitutional amendments.
However, Pakistan remains committed to elevating its football profile despite recurring setbacks such as suspensions.
The Pakistan national football team last played a match in March, losing 2–0 to Syria in an AFC Asian Cup qualifier.
The next FIFA World Cup is scheduled to take place from June 11 to July 19, 2026, and will be jointly hosted by the United States, Canada and Mexico.
Pakistani FM in Istanbul to demand Iran-Israel ceasefire at this week’s OIC meeting
- OIC’s Council of Foreign Ministers (CFM) 51st session will be held from June 21-22
- Meeting to take place as Iran-Israel conflict intensifies with no sign of either side letting up
ISLAMABAD: Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar arrived in Istanbul on Friday to attend the 51st session of the Organization of Islamic Cooperation (OIC) Council of Foreign Ministers, his office said, as Israel and Iran continue to engage in military conflict while the humanitarian situation in Gaza deteriorates.
The 51st session of the OIC Council of Foreign Ministers is expected to focus on coordinated efforts to de-escalate tensions between Iran and Israel, the two regional rivals, along with the ongoing humanitarian crisis in Gaza.
The meeting comes at a time when Middle East tensions are high, with Iran and Israel trading missiles and strikes for seven days now. Pakistan has condemned Israel for launching a surprise attack on Iran’s nuclear facilities and military leadership last Friday, calling for peace and diplomacy to resolve the issue.
“Deputy Prime Minister/Foreign Minister, Senator Mohammad Ishaq Dar @MIshaqDar50, arrived in Istanbul to participate in the 51st Session of the Council of the Foreign Minister (CFM) of the Organization of Islamic Cooperation (OIC) being held on 21-22 June 2025 and to attend the Islamic Cooperation Youth Forum award ceremony where President Erdogan will be honored,” the Foreign Office said in a press release.
The Pakistani foreign office said Dar was received by Pakistan’s Ambassador to Turkiye, Dr. Yousaf Junaid, Consul General Nauman Aslam and the representatives of the Turkish ministry of foreign affairs.
“During the plenary session, the DPM/FM will share Pakistan’s perspective on the developments in South Asia following the ceasefire arrangement between Pakistan and India and the situation in the Middle East after Israel’s recent aggression against Iran and other regional states,” the foreign office spokesperson, Shafqat Ali Khan, said in a statement on Thursday.
He added that Dar would advocate for peace in the Middle East and highlight the need for humanitarian assistance to the people of Gaza during the meeting on June 21 and 22.
Beyond the Middle East, Dar is also expected to address broader issues of concern to the Muslim world, urging the international community to “combat the escalating tide of Islamophobia” by addressing rising extremism and militancy, as well as the growing threat of climate change.
He will also reaffirm Pakistan’s commitment to the principles and objectives of the OIC in addressing challenges faced by Muslim nations globally.
Dar, who also holds the portfolio of foreign minister, is scheduled to hold bilateral meetings with his counterparts from other OIC member states on the sidelines of the conference.
The high-level meeting is taking place amid media reports that the United States is weighing options, including potentially joining Israeli strikes on Iranian nuclear sites.
Pakistan army chief calls for dialogue, diplomacy to resolve regional conflicts
- Field Marshal General Syed Asim Munir interacts with American scholars, analysts, foreign media outlets’ representatives in Washington
- Munir calls for “broader” relationship with Washington based on mutual respect, shared strategic interests and economic interdependence
ISLAMABAD: Pakistan’s army chief advocated for dialogue and diplomacy to resolve regional conflicts in his interaction with American policy experts, analysts, scholars and representatives of foreign media outlets, the military’s media wing said on Friday amid Islamabad’s simmering tensions with New Delhi.
Munir is on a solo trip to the US, where he met President Donald Trump for lunch on Wednesday in an unprecedented White House meeting. Trump told reporters afterward that the two had discussed the ongoing Iran-Israel crisis, and that the main reason he wanted to meet Munir was to thank him for not pursuing war with India last month.
Pakistan and India remained engaged in a military confrontation for four days last month before Washington brokered a ceasefire between the two on May 10. Pakistan has since then sent delegations to various capitals around the world, urging countries to persuade India to resolve bilateral issues with Islamabad via dialogue and diplomacy.
“The Army Chief also provided a detailed exposition of Pakistan’s balanced approach to regional and global conflicts, advocating for dialogue, diplomacy, and adherence to international law,” the Inter-Services Public Relations (ISPR), the military’s media wing, said. “He reaffirmed that Pakistan continues to play a responsible and proactive role in mitigating regional tensions and promoting cooperative security frameworks.”
Munir also spoke about Pakistan’s recent conflict with India, elaborating on Pakistan’s perspective on “terrorism.” Without naming anyone in particular, the Pakistan army chief spoke about the influence of regional actors in sponsoring and perpetuating “terrorism” as a tool of hybrid warfare.
“The COAS emphasized that Pakistan has been on the front lines of the global war against terrorism, having rendered immense sacrifices— both human and economic— in pursuit of a safer and more secure world,” the statement said.
Pakistan denies India’s allegations it supports militant attacks in the part of disputed Kashmir that New Delhi governs. After the April 22 attack in Pahalgam, a tourist resort in Indian-administered Kashmir, tensions between the two countries surged as New Delhi blamed Islamabad for being involved. Pakistan denied the allegations and called for an impartial, international probe into the incident.
The Pakistan army chief spoke about his country’s untapped potential in information technology, agriculture and its underexploited reserves in the mining and mineral sectors. Munir invited international partners to explore collaborative opportunities in these sectors to unlock “shared prosperity,” the ISPR said.
The discussion between Munir and the participants also involved an evaluation of the long-standing Pakistan–US partnership, the military’s media wing said.
“The COAS [chief of army staff] underlined the historical convergences between the two nations, particularly in areas such as counterterrorism, regional security, and economic development,” the ISPR said.
“He underscored the immense potential for a broader, multidimensional relationship built upon mutual respect, shared strategic interests, and economic interdependence.”
The ISPR said the interaction was marked by mutual understanding and was widely regarded as a “positive step” toward enhancing strategic dialogue between the two countries.
Pakistan’s military plays a key role in shaping the country’s foreign policy, and Munir’s high-profile White House invitation is being seen as part of Washington’s broader effort to recalibrate ties with Islamabad, a vital but often difficult ally for the US in South Asia.
Under Trump, Islamabad and Washington both have appeared eager to rebuild military and economic cooperation after years of strained ties, largely over counter-terrorism disagreements.
Islamabad’s first woman to lead men’s police station takes on drug lords, land mafia
- Misbah Shahbaz is SHO of Phulgran, Islamabad suburb long a magnet for drug and land-grabbing gangs
- Only about 3.2% of officers in Pakistani police are women, just 15,509 women out of 489,645 total
ISLAMABAD: Tucked amid the dust and bustle of Islamabad’s fringes, the suburb of Phulgran has long been a magnet for trouble: drug dens, land-grabbing, and a loose grip on law and order.
But now, it has something new: a phenomenon.
In her blue uniform and a modest headscarf, Misbah Shahbaz quietly took charge in 2025 as Station House Officer (SHO) of Phulgran, Islamabad’s first-ever female SHO at a general, or men’s, police station.
The post of SHO is one of the most visible and operationally significant leadership roles in Pakistan’s police hierarchy, responsible for crime investigation, public safety, and station-level administration. Until now, female SHOs in Islamabad had only led women police stations.
“It’s a historic decision, and I feel very proud,” Shahbaz told Arab News as she walked through a briefing with her team.
Phulgran sits at the nexus of rural sprawl and urban ambition, where narcotics and land mafias thrive. Shahbaz’s three-fold roadmap is simple: Clean up the drug trade, target land-grab networks, and raise the ethical bar in policing.
Methodical yet unspoken in her stride, she is already tackling the tough territory:
“Drug trafficking is a major concern. I’ve already developed strategies … and God willing, you’ll soon see the results.”
Her academic résumé reads like an MBA case study: she holds a Master’s and an MBA. But she insisted:
“I’ve always been drawn to the uniform … This was never about the degree, it was about a passion to serve.”
Back in 2012, Shahbaz took one of the 87 Assistant Sub-Inspector slots based strictly on merit. And that was just the beginning of a journey in which she says her male colleagues largely treated her as an equal.
“I was lucky to have excellent mentors, all-male officers who treated me no differently,” she said. “They taught me the finer points of investigation, from identifying subtle clues to interviewing techniques.”
Today, when Shahbaz rolls through Phulgran in her official vehicle, residents pause. Men nod, women whisper encouragement and in the sidewalks, young girls see her, and absorb a message: you, too, can wear the badge.
“She’s not less than any man,” a constable under her command said. “In fact, she leads better.”
TURNING TIDE?
Let’s zoom out: Pakistan’s police force is staggeringly male.
According to the National Police Bureau (NPB) and UN Women Pakistan as of 2023, only about 3.2 % of officers are women, just 15,509 women out of 489,645 total. And while Islamabad fares slightly better, with around 5% of women, most provinces hover at 1–4%.
A mandatory 10 % quota exists but the officers actually recruited, trained, and retained are far fewer. In some provinces, it’s under 1%.
So, Shahbaz’s promotion is more than symbolic. She’s a breakthrough not just for Islamabad but for an entire force held back by gender disparity.
With so few female officers, women are often reluctant to report crimes, especially those involving domestic or gender-based issues. Experts also say the absence of women in decision-making and field leadership reduces community trust in law enforcement.
Female officers like Shahbaz could change that balance.
And her rise isn’t just a personal triumph. It’s the latest clue in the slow shift in a system where less than 1 in 30 cops is a woman.
As the police officer said:
“Islamabad Police already have a reputation for professionalism but I want to raise the bar so that every citizen feels heard and respected.”
Veteran Pakistani actress Ayesha Khan passes away in Karachi
- Khan, 77, passed away in her Karachi flat “naturally,” confirms senior police official
- She essayed prominent roles in drama serials “Afshan,” “Uroosa” and “Shaam Se Pehle”
KARACHI: Veteran Pakistani actress Ayesha Khan was found dead in her flat in Karachi this week, a senior police official confirmed on Friday as tributes poured in from actors and fans of the deceased.
Khan, 77, starred in several high-profile Pakistani drama serials such as “Afshan,” “Uroosa,” “Aanch,” “Bandhan” and “Shaam Se Pehle.” As per reports in prominent Pakistani news websites such as The News, Geo.tv and other publications, Khan was found dead in her flat in Karachi’s Gulshan-e-Iqbal area on Thursday.
Quoting police, local media reports said Khan’s body seemed to be around a week old when it was found, adding that the actress was living alone.
“As per the station house officer, she passed away naturally,” Senior Superintendent of Police Dr. Farrukh Raza told Arab News. “She was shifted to the hospital for further process.”
Karachi police surgeon Dr. Summaiya Syed said authorities were waiting for the actress’ son to retrieve her body, adding that it is being kept in the morgue for now.
Tributes poured in for Khan on social media platforms from fans and former colleagues.
“She was my on-screen mother but brought a compassion reminiscent of a maternal figure, a presence that soothed, grounded and made a space feel more human,” Renowned Pakistani actor Adnan Siddiqui wrote on Instagram.
Siddiqui said Khan was a calm person who let her “acting do the talking.”
“Ayesha jee wasn’t just an actor; she was an atmosphere. And her absence will be deeply felt,” he wrote.
“Devastating. Rest in peace, Ayesha ji,” Pakistani actress Anoushay Abbasi wrote beneath Siddiqui’s post.
As per Geo News, Khan’s body was discovered when her neighbors informed her family about a “foul smell” emitting from the actress’ apartment.
“After being informed, police rushed to the scene and shifted her body to the Jinnah Postgraduate Medical Center for medico-legal formalities,” the report said. It added that police said a post-mortem would be conducted if requested by the family.
