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Pakistan to send trade delegations to Bangladesh on Jan. 19, 20 amid thaw in ties

Sheryar Taj (second right), Secretary of Trade Development Authority of Pakistan, calls on the Deputy High Commissioner of Bangladesh in Karachi on January 6, 2025. (TDAP/Facebook)
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Updated 19 January 2025
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Pakistan to send trade delegations to Bangladesh on Jan. 19, 20 amid thaw in ties

  • Pakistan to send business delegations of citrus, date fruits to Bangladesh next week
  • Trade exhibition to showcase Pakistan’s potential in Bangladeshi market, says organizer
Updated 19 January 2025
Arab News Pakistan

ISLAMABAD: The Trade Development Authority of Pakistan (TDAP) said on Sunday it will send two trade delegations to Bangladesh from Jan. 19-20 in a bid to increase bilateral relations and economic collaboration, as both countries move to repair strained ties. 

Pakistan and Bangladesh were once one nation, but they split in 1971 as a result of a bloody civil war, which saw the part previously referred to as East Pakistan seceding to form the independent nation of Bangladesh.

In the years since, Bangladeshi leaders, particularly former prime minister Sheikh Hasina, chose to maintain close ties with India. Relations between Pakistan and Bangladesh have warmed up since Hasina’s ouster as a result of a student-led uprising in August 2024, witnessing a marked improvement.

The TDAP said that it would send two Pakistani trade delegations focusing on the trade of date fruits and citrus between the two countries.

“The first delegation of dates comprising 13 exporters will leave for a week-long visit on Jan. 19 while the second delegation of citrus will leave for a business-to-business (B2B) meeting on Jan. 20,” the TDAP said. 

It said the business delegations aimed to explore more trade opportunities, promote business partnerships and Pakistan’s export potential in the Bangladeshi market. 

Muhammad Zubair Motiwala, TDAP chief executive, said the authority planned to organize a trade exhibition in Bangladesh where Pakistani entrepreneurs will have a chance to showcase their products. 

“Pakistan is one of the top ten importers of Bangladesh, covering sectors such as textiles, agriculture, food, chemicals and basic metals, but there is still room for further expansion of these imports,” he said. 

He said both countries have been in talks for a Free Trade Agreement (FTA) since 2002, adding that it could pave the way for greater opportunities for the people of both countries. 

The development comes after Tuesday’s signing of a landmark agreement between Pakistan and Bangladeshi businesspersons to establish a joint business council between the two countries.

Pakistan’s Deputy Prime Minister Ishaq Dar is also scheduled to visit Dhaka at the start of February to further consolidate the relations between the two countries.

Topics: Pakistan Bangladesh

Pakistan to launch yuan-denominated Panda bonds by June, finance minister says

Updated 4 min 51 sec ago
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Pakistan to launch yuan-denominated Panda bonds by June, finance minister says

  • The South Asian country intends to raise approximately $200 million from Chinese investors through Panda bonds
  • Muhammad Aurangzeb says the move is part of a strategy to achieve sustainability in Pakistan’s balance of payments
Updated 4 min 51 sec ago
Arab News Pakistan

ISLAMABAD: Finance Minister Muhammad Aurangzeb has said that Pakistan plans to launch yuan-denominated Panda bonds in June to enhance its presence in Chinese capital markets, Pakistani state media reported on Sunday.
The development follows an upgrade in Pakistan’s sovereign rating by all three major credit agencies. The country aims to get into the “single-B” category that would allow it to return to global bond markets to raise funds.
Aurangzeb said the South Asian country intends to raise approximately $200 million from Chinese investors through the issuance of the Panda bonds, the Radio Pakistan broadcaster reported.
“This step is part of a broader strategy to transition Pakistan’s economy toward export-driven growth, with a focus on achieving sustainability in the country’s balance of payments,” he was quoted as telling Hong Kong’s TVB news channel.
The South Asian country is navigating a challenging economic recovery path and has been buttressed by a $7 billion facility from the International Monetary Fund (IMF) in September. The government is optimistic it will meet the terms of the program.
Pakistan is being advised on the issuance of Panda bonds by the China International Capital Corporation, a partially state-owned financial services company, according to the finance minister. However, the latest figure is lower than the $300 million targeted by Pakistan last year.
Aurangzeb extended an invitation to Hong Kong to send delegations to explore trade and financial opportunities in Pakistan, according to the Radio Pakistan report.
“Hong Kong could serve as a strategic hub for joint ventures between Chinese and Pakistani companies,” he said.
To revive its $350 billion economy, Pakistan has been making efforts to position itself as a regional trade and transit hub by leveraging its strategic geopolitical position.
The South Asian country has witnessed a flurry of visits, investment talks and economic activity involving officials from Saudi Arabia, United Arab Emirates, China and Central Asian nations in recent months.

Topics: Pakistan China Ties Pakistan economy

Pakistani security forces kill five militants in volatile southwest — military

Updated 19 January 2025
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Pakistani security forces kill five militants in volatile southwest — military

  • The militants were killed while attempting to ‘infiltrate’ Pakistan’s border in Balochistan’s Zhob district
  • Islamabad blames a surge in militancy on militants operating out of Afghanistan, Kabul denies allegation
Updated 19 January 2025
KASHIF IMRAN

ISLAMABAD: Pakistani security forces have gunned down five militants in the country’s southwestern Balochistan province, the Pakistani military said on Sunday.
Balochistan, Pakistan’s largest province in terms of landmass that borders Iran and Afghanistan, has been the site of a low-level insurgency by Baloch separatists and religiously motivated militant groups.
The militants were killed while attempting to infiltrate Pakistan’s border in Balochistan’s Zhob district, according to the Inter-Services Public Relations (ISPR), the military’s media wing.
“Pakistan has consistently been asking Interim Afghan Government to ensure effective border management on their side of the border,” the ISPR said in a statement.
“Interim Afghan Government is expected to fulfill its obligations and deny the use of Afghan soil by Khwarij [Pakistani Taliban militants] for perpetuating acts of terrorism against Pakistan.”
The Pakistani Taliban, or the Tehreek-e-Taliban Pakistan (TTP), have frequently targeted Pakistani forces in the northwestern Khyber Pakhtunkhwa (KP) province. The group has also maintained some presence in Balochistan. 
This week, Pakistani security forces also killed 27 militants in an intelligence-based operation in Balochistan’s Kacchi district, according to the ISPR. The deceased militants had been involved in militant activities against security forces as well as innocent civilians and were “highly wanted” by law enforcement agencies.
Islamabad has frequently accused neighboring Afghanistan of sheltering and supporting militant groups that launch cross-border attacks. Afghan officials deny involvement, insisting Pakistan’s security issues are an internal matter of Islamabad.

Topics: militancy in Pakistan Pak Afghan Border

Masood defends Pakistan’s spin-spiced formula after Windies win

Updated 19 January 2025
AFP
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Masood defends Pakistan’s spin-spiced formula after Windies win

  • Pakistan completed the win before tea on the third day as spinners Sajid Khan grabbed 5-50 and Abrar Ahmed finished with 4-27
  • The Test lasted fewer than eight sessions on a dry, grassless Multan Stadium pitch, with spinners taking 34 of 40 wickets to fall
Updated 19 January 2025
AFP

MULTAN: Skipper Shan Masood defended Pakistan’s formula of using spin-friendly pitches to win home Test matches after a 127-run victory over the West Indies in Multan on Sunday.
Pakistan completed the win before tea on the third day as spinners Sajid Khan grabbed 5-50 and Abrar Ahmed finished with 4-27 to dismiss the West Indies for 123 after setting a 251-run target.
The Test lasted fewer than eight sessions on a dry and grassless Multan Stadium pitch, with spinners taking 34 of the 40 wickets to fall.
Sajid finished with nine wickets, fellow spinner Noman Ali six and the West Indian left-armer Jomel Warrican took a maiden 10-wicket haul.
Pakistan bowled just one over of pace in the match.
“If we want to be a top side in the World Test Championship then we have to sacrifice some things, like we did with the fast bowling in this Test,” Masood said.
Pakistan made drastic changes after going winless in 11 home Tests since 2021, using industrial fans and patio heaters to dry the Multan pitch against England last year.
Sajid and Noman took 39 of the 40 wickets to give Pakistan a come-from-behind 2-1 series win against England, repeating the same ploy against the West Indies.
Masood’s captain counterpart Kraigg Brathwaite had no issue with it.
They will play the second Test from January 25 at the same venue.
“They’re at home so they got their decision how they want the pitch to behave,” said Brathwaite.
“It was a difficult pitch to bat on for sure.
“We expect the same type of pitch in the second Test so we got to come better with bravery and belief.”
Left-hander Alick Athanaze hit the only half-century for the tourists in the match with 55, an innings Brathwaite wants his batters to learn from.
“He swept it on both sides so we just have to be brave,” said Brathwaite.
“We have got one more Test and we have to believe in ourselves.”

Topics: Pakistan vs West Indies Multan Test Shan Masood Pakistan cricket team

Pakistan says ‘CPEC 2.0’ to attract more Chinese companies and investment

Updated 19 January 2025
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Pakistan says ‘CPEC 2.0’ to attract more Chinese companies and investment

  • CPEC, a multi-billion-dollar project, connects China and Pakistan through network of highways, railways and pipelines
  • Pakistan says CPEC’s second phase will involve advanced technological transfer, and focus on industrialization and SEZs 
Updated 19 January 2025
Shahjahan Khurram

ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb said on Sunday that the second phase of the China-Pakistan Economic Corridor (CPEC) project will attract more Chinese investment and companies, as Islamabad eyes greater collaboration with Beijing to bolster its economy. 

CPEC is a multi-billion-dollar project that connects China and Pakistan through a network of highways, railways and pipelines. In December 2024, Pakistan announced that both countries would work on the CPEC project with a renewed focus. 

The government has said that the second phase of the CPEC project would be known as “CPEC 2.0” and would involve deeper collaboration, advanced technological transfer and transformative socio-economic projects.

“Finance Minister Muhammad Aurangzeb stressed the importance of CPEC 2.0,” Pakistan’s finance ministry said while speaking to Hong Kong’s TVB News. 

“The second phase of the China-Pakistan Economic Corridor will attract more Chinese companies and investment,” the finance minister said. 

Aurangzeb, who this week attended the Asian Financial Forum in Hong Kong, invited the Asian country to send delegations to explore trade and financial opportunities in Pakistan.

“Hong Kong can be a suitable location for joint ventures between Chinese and Pakistani companies,” the finance minister was quoted as saying. 

Pakistan’s foreign ministry said last week that the second phase of the project would focus on industrialization and Special Economic Zones (SEZs) as well as on clean energy, agriculture and livelihood projects. 

However, the project has been hit by Islamabad struggling to keep up financial obligations as well as attacks on Chinese targets by militants, especially in the country’s southwestern province. 
 

Topics: CPEC 2.0 China

Pakistan’s Sajid and Abrar demolish West Indies in first Test win

Updated 19 January 2025
AFP
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Pakistan’s Sajid and Abrar demolish West Indies in first Test win

  • Sajid Khan takes 5-50 and match figures of 9-115 to bamboozle West Indies
  • Test lasted fewer than 8 sessions, with start delayed on first day by poor visibility
Updated 19 January 2025
AFP

Multan, Pakistan: Spinner Sajid Khan took five wickets and Abrar Ahmed another four to guide Pakistan to a 127-run win on the third day of the first Test against West Indies in Multan on Sunday.
Sajid took 5-50 for match figures of 9-115, while leg-spinner Abrar Ahmed snared 4-27 as West Indies were dismissed for 123, falling well short of their victory target of 251.
Pakistan’s spinners took all the wickets in West Indies’ second innings, with Noman Ali chipping in with 1-42, as the home side took an early advantage in the two-Test series.
Left-handed batter Alick Athanaze hit 55, the only half-century of the match for the tourists, and added 41 runs for the sixth wicket with Tevin Imlach.
Sajid removed the dangerous Athanaze, while Abrar’s haul included the final wicket of Jomel Warrican.
Left-armer Warrican had led the spin attack for the tourists with a career-best 7-32 as Pakistan were bowled out for 157 in their second innings.
They were also the best figures by a West Indian bowler in Pakistan, topping fast bowler Malcolm Marshall’s 5-33 at Lahore in 1986.
The Test lasted fewer than eight sessions, with the start delayed on the first day by poor visibility.
The Multan pitch provided sharp turn, with Sajid taking the wickets of skipper Kraigg Brathwaite (12), Keacy Carty (six), Kavem Hodge (0) and Mikyle Louis (13).
Noman then trapped Justin Greaves leg before wicket for nine in the last over before lunch, leaving the tourists tottering on 54-5.
Pakistan had resumed earlier on 109-3 but managed to add just 48 runs.
Warrican’s nagging line and length earned him match figures of 10-101, his first 10-wicket match haul.
He dismissed overnight batter Saud Shakeel for two with the first ball of the day and then had Mohammad Rizwan for the same score in his next over.
Warrican continued the demolition act with the wickets of Kamran Ghulam (27), Noman (nine) and Sajid (five).
The second match starts on January 25, also in Multan.
 

Topics: west indies Cricket Test Match Pakistan sajid khan

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