PM Sharif arrives in Qatar amid trade, investment push by Islamabad
PM Sharif arrives in Qatar amid trade, investment push by Islamabad/node/2577391/pakistan
PM Sharif arrives in Qatar amid trade, investment push by Islamabad
Prime Minister Shehbaz Sharif is received by Qatar's Minister of State, Muhammad bin Abdulaziz Al-Khulaifi, upon arrival at Doha International Airport on October 30, 2024. (PMO)
ISLAMABAD: Prime Minister Shehbaz Sharif arrived in Doha on an official visit from Oct. 30-31 to discuss bilateral ties with a special focus on trade and investment, the premier’s office said on Wednesday.
In 2022, the Qatar Investment Authority said it aimed to invest $3 billion in Pakistan, lending support to the South Asian nation’s cash-strapped economy. Doha has also shown interest in airport management partnership and the Roosevelt Hotel in New York’s Manhattan owned by the Pakistan International Airlines.
During a visit to Qatar in 2022, Sharif, then in his first term as PM, invited QIA, Qatar’s $450 billion sovereign wealth fund, to invest in Pakistan’s energy and aviation sectors. He had previously mentioned renewable energy, food security, industrial and infrastructure development, tourism and hospitality, among sectors of interest.
“During this visit, I look forward to prooductive excahnge of views with the Qatari leadership to further enhance our brotherly relations,” Sharif said on X after arriving in Doha. “I will also inaugurate a special exhibition at Qatar Museum highlighting the cultural heritage of Pakistan.”
The foreign office said in a statement Sharif would hold bilateral meetings with Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar, and Mohammed bin Abdulrahman bin Jassim Al-Thani, Prime Minister and Minister for Foreign Affairs.
“In these meetings, the two sides will review the entire gamut of bilateral relations and explore new of cooperation especially in trade and investment.”
Delegations from the Qatar Investment Authority and Qatar Businessmen Association would also call on Sharif to explore investment opportunities in Pakistan, the foreign office added.
Sharif will also inaugurate the cultural exhibition, “Manzar: Art and Architecture in Pakistan from 1940 to Present,” on October 31.
“The exhibition will showcase Pakistan’s rich cultural and architectural heritage and underline deep people-to-people linkages between Pakistan and Qatar,” the foreign office said.
Six of a family killed, four injured in roof collapse in Pakistan’s Karachi Authorities are investigating reason for roof collapse, says state-run media Dead include women and children, Injured persons shifted to nearby hospital/node/2592972/pakistan
Six of a family killed, four injured in roof collapse in Pakistan’s Karachi Authorities are investigating reason for roof collapse, says state-run media Dead include women and children, Injured persons shifted to nearby hospital
Authorities are investigating reason for roof collapse, says state-run media
Dead include women and children, Injured persons shifted to nearby hospital
ISLAMABAD: At least six members of a family were killed while four others were injured during the wee hours of Sunday when the roof of a house in Pakistan’s Karachi city collapsed, state-run media reported.
The incident took place in Karachi’s Gulshan-e-Maymar area at the Afghan Camp colony. Among the six dead were also women and children, the state-run Associated Press of Pakistan (APP) said.
The family living in the house was originally from the northwestern district of Bannu in Khyber Pakhtunkhwa (KP), APP reported.
“Authorities have launched an investigation into the incident to determine its cause,” APP said. “Rescue sources shifted the injured to a nearby hospital for immediate medical attention.”
Roof collapses, especially during extreme weather conditions, are common in Pakistan. Thousands of makeshift houses built using scrap or locally available materials such as corrugated metal sheets, wood, plastic, mud and cardboard are more susceptible to collapses.
These homes are typically found in informal settlements, slums and squatter areas.
ISLAMABAD: The governments of Pakistan and Bangladesh this week expressed satisfaction at the upward trajectory of ties between the two nations, resolving to enhance bilateral cooperation in trade and other sectors during a meeting between their senior officials, state-run media reported.
After decades of strained ties between the two nations, Islamabad and Dhaka have warmed up to each other after the fall of former prime minister Sheikh Hasina’s government last year.
The meeting between Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar and Bangladesh’s Adviser for Foreign Affairs Md. Touhid Hossain took place in Jeddah during the sidelines of the Organization of Islamic Cooperation (OIC) Council of Foreign Ministers summit.
“The meeting took place in a cordial environment, reflecting the fraternal sentiments from both sides,” state broadcaster Radio Pakistan reported on Saturday.
“Both the dignitaries expressed satisfaction over the upward trajectory of bilateral relations,” it added. “They agreed to enhance bilateral cooperation in all areas of mutual interest.”
Dar highlighted the two countries’ historical, religious, and cultural linkages, expressing Pakistan’s desire to enhance bilateral cooperation in areas of trade and people-to-people contacts, Radio Pakistan said.
Established together as one independent nation in 1947, Bangladesh won liberation from then-West Pakistan in 1971. Relations between the two countries continued to deteriorate Hasina’s administration, which prosecuted several members of the Jamaat-e-Islami (JI) party for war crimes relating to the 1971 conflict.
However, relations between Pakistan and Bangladesh have improved since Hasina was ousted in a bloody student-led protest in August 2024. Islamabad’s ties with Dhaka have also improved as Bangladesh’s relations with India, where Hasina has sought refuge, have deteriorated.
Last month, Bangladesh confirmed it was resuming direct trade with Pakistan after 50 years. The country’s food ministry said it would receive 50,000 tons of rice from Pakistan in March.
KARACHI: China has rolled over a $2 billion loan to Pakistan, the adviser to the finance minister of Pakistan confirmed on Saturday amid Islamabad attempts to strengthen its financial reserves.
The development takes place as an International Monetary Fund (IMF) delegation is in Islamabad to conduct its first review of the $7 billion loan agreement reached between the two sides last year. The IMF delegation will assess the government’s performance in meeting key conditions of the loan. A successful review would secure the release of an additional $1 billion for Pakistan.
Debt rollover commitments from Pakistan’s allies and regional partners China, Saudi Arabia and UAE were instrumental in helping Islamabad secure the bailout program last year to keep its fragile economy afloat.
“Yes, it is confirmed that China has made this rollover,” Khurram Schehzad, the adviser to the finance minister, told Arab News on the phone. He confirmed the amount of the rollover was $2 billion.
Pakistan needs to repay over $22 billion in external debt in fiscal year 2025, including nearly $13 billion in bilateral deposits, Fitch said.
Pakistan’s Finance Minister Muhammad Aurangzeb has repeatedly said the country aims to escape its prolonged macroeconomic crisis by boosting exports, undertaking long-term financial reforms and ensuring economic growth led by the private sector.
As per its deal with the IMF, Pakistan has agreed to undertake reforms in its energy sector, widen the tax net and privatize loss-making state-owned enterprises.
Pakistan was able to build some trust with the IMF by completing a short-term nine-month program last year. Previous loan programs in Pakistan ended prematurely or saw delays after the governments at the time faltered when it came to meeting key conditions.
PESHAWAR: The provincial disaster management authorities (PDMA) in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) and eastern Punjab provinces have warned against heavy rains and snowfall from Mar. 9-16, alerting district administrations to act against any untoward situations.
The PDMA in both provinces said that a “shallow, westerly wave” will enter the northern parts of the country form Mar. 9 and is expected to gain strength from Mar. 12 and persist till Mar. 16.
The PDMA KP warned that during this period, intermittent rain with thunderstorms/snowfall on mountains is likely in Chitral, Dir, Swat, Kohistan, Shangla, Battagram, Mansehra, Abbottabad, Haripur, Malakand, Buner, Bajaur, Mohmand, Khyber, Orakzai, Kurram, Waziristan, Peshawar, Charsadda, Nowshera, Swabi, Bannu, Karak and Kohat districts.
“PDMA has issued a letter to all district administrations to deal with any untoward incident due to rain/snowfall in advance,” PDMA KP said in its notification on Saturday.
Meanwhile, rain with thunderstorms and snowfall is expected in Punjab’s Murree and Galiyat region Mar. 9-16, PDMA Punjab said in a notification on Sunday.
It said rain with thunderstorms is expected in Rawalpindi and Attock, Jhelum and Chakwal on Mar. 10 while rain with thunderstorms (moderate with few heavy falls) is expected in Rawalpindi, Attock, Jhelum, Chakwal, Hafizabad, Gujranwala, Mandi Bahauddin, Sargodha, Khushab, Gujrat, Sialkot, Narowal, Lahore, Sheikhupura, Sahiwal, Faisalabad, Jhang, T.T Singh and Mianwali from Mar. 12-16.
It warned residents against traveling to these areas in Punjab during this time period, calling on them to save essential items such as food and warm clothing.
Parts of Pakistan last month received rains after a months-long drought severely impacted crops like wheat, a staple food, as well as vital cash crops like potatoes in several regions, according to the Pakistani climate change ministry.
Torrential rains during the monsoon season of 2022 triggered flash floods across the country, with scientists attributing it to climate change impacts. The floods killed over 1,700 people and inflicted damages worth $33 billion on Pakistan, as per official estimates.
KARACHI: Turab Ali Ismail Ji Munniwala, a skilled craftsman, set up a small leather retail shop in Pakistan’s commercial capital of Karachi in 1975 and put his heart and soul into making leather bags of various shapes and sizes. His son, Aqeel Hussain, took over the business ten years later and focused it on corporate giveaways, but after the passing of Munniwala more than three decades later, it became difficult for Hussain to run the business alone.
In conservative Pakistan, people often expect a male heir like Hussain, now in his 60s, to carry forward the family’s business and legacy, but Hussain had no son and his daughters, Marium and Sakina, determined to honor their late grandfather’s 50-year legacy, took it upon themselves and amazed many by making Munniwala’s leather bag business an online success.
The sister duo, 32-year-old Marium and 25-year-old Sakina who both had full-time careers as a graphic designer and a corporate lawyer respectively, set out to take their grandfather’s business online in February 2022. Today, their venture, named ‘Turab’ after Munniwala, is breathing new life into a legacy that could have faded away without them.
“It wasn’t a planned thing initially, but it just sort of came into being that ‘okay, who’s going to help Abbu [our father]?’,” Sakina recalled how Turab came to life.
“When we basically started to grow up, it was always a thing that who is going to take this business forward because we don’t have a brother. Living in a desi [local] household, it’s always a thing that businesses are being led forward by sons in a family.”
Sakina Hussain, co-funder of Turab, puts tote bag in a cover at her home in Karachi, Pakistan, on March 6, 2025. (AN photo)
Born and raised in Karachi, the sisters belong to the Dawoodi Bohra community. The family’s shop in Saddar still exists, with their grandfather’s working table still intact. Two of the workers, who started out with their father years ago, still work at the shop and mainly look after the production side of affairs with Hussain.
“People nowadays kill to buy pure leather products, but we don’t have the kind of market for pure leather products here. The players that we have in the market are really expensive for the masses to buy,” Sakina told Arab News.
“And that’s kind of where the idea of Turab came into being. We wanted to create something that’s not only good quality leather but also really affordable.”
Both Marium and Sakina have since been pushing their family legacy forward with a fresh, modern touch.
“As far as the designing is concerned, that’s where we come in. We decided to make the most modern and minimal products that you don’t find in the market,” Marium told Arab News.
Marium Hussain (left) takes picture as Sakina Hussain poses for a picture with a Turab bag at their house in Karachi, Pakistan, on March 6, 2025. (AN photo)
Turab offers a range of leather products including tote bags, cross body bags, duffel bags, wallets, travel organizers and laptop sleeves in shades of red, green, orange, yellow and blue.
“Being two women, who like to carry good bags [and] funky colors, the inspiration comes from within. All the players in the market that we have for pure leather, they typically go around the shades of browns [and] blacks,” Sakina said.
“And while that’s a big classic, the youth of today really resonates with vibrant and funky colors and that’s something that we’ve tried to incorporate in our brand.”
As co-founders, the two sisters manage most domains of the online business themselves. The branding is taken care of by Marium.
She also does product photography herself, with Sakina modelling for it.
“It’s a home-based setup [and] that’s how it started. We started making all of our products at the shop and then we brought it home. We converted our dada’s [grandfather’s] room basically into the Turab room and that’s where we store all of our products,” Marium said.
Marium Hussain, co-funder of Turab, stands outside her retail shop in Karachi, Pakistan, on March 6, 2025. (AN photo)
The sisters have been to pop-ups and exhibitions, which they say has really helped elevate their business.
But it has its challenges too.
“When people see two women behind the table, specifically men, they come and try to question the knowledge that we have about leather [and] about the product we are selling,” Sakina shared.
“They probably think that we don’t know enough or not more than them.”
Marium Hussain (right), Sakina Hussain (left), and their father pick leather at their retail shop in Karachi, Pakistan, on March 6, 2025. (AN photo)
Marium, on the other hand, was initially not taken seriously by the artisans at her grandfather’s shop.
“I often go to [our shop in] Saddar to discuss the production side and the karigars [artisans] often don’t take me very seriously. They give me that look that, ‘we will talk to your dad. He knows, you don’t know’,” she said, adding that she hasn’t see any women anywhere near the leather goods production side at least.
However, her father vouched for the skill of both sisters to run the business.
“They catch everything very quickly,” he said. “The leather business is a bit technical. It took them about a year and a half [to learn], but now they can feel everything and tell you what is leather and what is not.”
The two sisters have carved a niche and the future looks promising as they plan to launch a physical outlet and make Turab a “household name” not just in Pakistan, but beyond.
“From packing orders every two days to one week, now packing every single day [and] multiple orders in a day, we have come a long way. And just going forward,” Marium said.
“We got a couple of orders from Dubai. Right now, I am talking to someone in Canada [and] the USA.”