Texas investor close to Trump eyes investments in Pakistan housing, energy, mineral sectors

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Updated 29 January 2025
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Texas investor close to Trump eyes investments in Pakistan housing, energy, mineral sectors

  • US business delegation led by Gentry Beach arrived in Pakistan for a two-day visit on Tuesday to explore business opportunities
  • Despite the challenging business climate, the United States is one of Pakistan’s largest sources of foreign direct investment

ISLAMABAD: US investor and Texas hedge fund manager Gentry Beach, believed to be close to American President Donald Trump, said on Wednesday he was eyeing investments in Pakistan’s real estate, mineral and energy sectors.
A US business delegation led by Beach arrived in Pakistan for a two-day visit on Tuesday to explore business opportunities, particularly in sectors like mining and minerals, renewable energy, infrastructure development and technology.
Cash-strapped Pakistan, desperate to escape a prolonged macroeconomic crisis, been seeking investments from regional and other foreign allies to shore up its $350 billion economy. 
“Real estate’s going to be our first place of investment, it’s going to be a significant real estate investment,” Beach told reporters in Islamabad when asked about key sectors he was interested in investing in. “We are going to launch in a few different areas some incredible projects.”
Part of the delegation’s real estate plans included building “super high-end luxury branded” villas.
“We have a number of brands that really want to come to Pakistan,” he said. “And so we are very excited to build the highest-end product that’s ever been built in Pakistan.”




A delegation of leading US Investors led by Gentry Beach meets Pakistan Prime Minister Shehbaz Sharif in Islamabad on January 29, 2025. (Photo courtesy: PMO)


Beach said the delegation was also considering investments in Pakistani minerals, citing the country’s large reserves of gold, platinum and other precious metals. Pakistani officials estimate $6 trillion worth of natural deposits in the country.
“We have several locations and due diligence that we are working on right now,” Beach explained. “We’re bringing in the teams as we speak to evaluate those. I believe that we will have one of those [agreements on minerals] signed, agreed to and funding in the next two weeks.”
The American businessman acknowledged the problem of the US having outsourced its supply chain to China for rare earth elements. 
“And that’s over, okay. We don’t have many enemies in the world but China is a place that is becoming more difficult for us for sure,” Beach said.
“And I would tell you that we are taking this into our own hands and we are going to get out and get the critical minerals that America and American businesses need,” he added, saying Pakistan would be an important partner in this shift.




Pakistan Prime Minister Shehbaz Sharif speaks during a with a delegation of US Investors led by Gentry Beach in Islamabad on January 29, 2025. (Photo courtesy: PMO)

Beach said teams would be coming next month to evaluate Pakistan’s oil and gas sector, appreciating the country’s “incredible natural gas infrastructure already in place.”
“You have the infrastructure, you never go to a developing country where the infrastructure is already in place and you have to just supply the gas,” he said. “That is a huge opportunity.”
Beach said the US could bring in Western technology in drilling in Pakistan and “develop things very quickly.”
“We see ourselves as the first one through the door,” he said. “Then we are going to bring lots of Western companies through the door.”
Pakistan in 2023 nearly defaulted on the payment of foreign debts when the International Monetary Fund rescued it by agreeing to a $3 billion bailout to Pakistan. Last year, Islamabad secured a new $7 billion loan deal from the IMF. Since then, the country’s economy has started improving with weekly inflation coming down from 27 percent in 2023 to 1.8 percent earlier this month. 
Sharif has also vowed to reduce dependence on foreign loans in the coming years and seek more direct investment. 




A delegation of leading US Investors led by Gentry Beach meets Pakistan Prime Minister Shehbaz Sharif in Islamabad on January 29, 2025. (Photo courtesy: PMO)

Pakistan’s business and investment landscape poses considerable challenges. Complex and inconsistent regulations, inadequate protection of intellectual property rights, and ever-changing taxation policies are some of the many business climate challenges cited by investors. Security concerns marked by internal and regional conflicts also undermine investor confidence in protection and profitability of their investments. The Pakistani government launched the Special Investment Facilitation Council (SIFC) in June 2023 to attract foreign investment from allies and other nations. Since its creation, the SIFC’s scope has expanded into a wide range of policy areas.
Despite the challenging investment climate, the United States is one of Pakistan’s largest sources of FDI. US companies have profitable operations across a range of sectors, notably franchise operations, fast-moving consumer goods, agribusiness, and financial services. Other sectors attracting US interest include ICT, renewable energy and health care services.


Eight-month peace deal reached after deadly clashes in Pakistan’s Kurram district

Updated 29 March 2025
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Eight-month peace deal reached after deadly clashes in Pakistan’s Kurram district

  • The peace deal follows last year’s Kohat Agreement, which called for a ceasefire and removal of private bunkers
  • Violence in Kurram lasted for months, triggered a humanitarian crisis, cutting off access to food, fuel and medicine

PESHAWAR: An eight-month peace agreement was reached on Saturday between warring factions in Khyber Pakhtunkhwa’s restive Kurram district, with all sides pledging to resolve future disputes through legal means, according to a statement shared by a police official.
Kurram, a tribal district of around 600,000 people bordering Afghanistan, has long been a flashpoint for sectarian violence between Shia and Sunni tribes. Clashes between the two sides have killed more than 150 people since November, while militant attacks and retaliatory violence have claimed even more lives of people and security personnel during months of unrest.
The violence also created a humanitarian crisis, with road blockades cutting off access to food, fuel and life-saving medicines, leading to the reported deaths of dozens of children.
“Representatives of both sides agreed to maintain peace for a period of eight months in order to prevent any kind of conflict in the area and to work toward improving the situation,” said a statement shared by district police spokesperson Riaz Khan.
The deal was struck following a jirga, or tribal council, held in the presence of provincial authorities and the local administration.
The agreement builds on the Kohat Agreement, a peace framework developed last year that called for a ceasefire, disarmament, the dismantling of private bunkers in the area and government oversight to ensure sustainable peace.
“Under this agreement, if any untoward incident occurs on the road, legal action will be taken against the responsible party in accordance with the ‘Kohat Agreement,’” the statement continued.
“Both sides pledged that in the event of any incident that could harm peace in the area, they would consult with each other and seek a solution through legal means,” it added.
It was also agreed that the main road through Kurram, closed for months due to violence, will be formally reopened in a joint announcement by the government and state institutions to ease public hardship and facilitate travel.


Eleven dead in drone strikes in northwest ahead of Pakistani Taliban Eid ceasefire announcement

Updated 29 March 2025
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Eleven dead in drone strikes in northwest ahead of Pakistani Taliban Eid ceasefire announcement

  • Khyber Pakhtunkhwa administration says an ‘anti-terror operation’ was launched on credible intelligence on Friday
  • It confirms the killing of women and children during the action, regretting their loss of life in the operation

PESHAWAR: The Khyber Pakhtunkhwa administration on Saturday confirmed an “anti-terror operation” after an international wire agency reported that drone strikes killed at least 11 people, including women and children, just hours before the Pakistani Taliban announced a three-day Eid Al-Fitr ceasefire.
The strikes targeted what officials described as Tehreek-e-Taliban Pakistan (TTP) hideouts in the Katling area of Mardan district, following a TTP attack a day earlier that killed seven soldiers during an army operation elsewhere in the province.
“An anti-terror operation was conducted in the Katling mountainous area of Mardan district based on credible information about the presence of terrorists,” said Muhammad Ali Saif, spokesperson for the provincial government. “According to reports, this location was being used for the hideout and movement of terrorist elements.”
However, he added as per the information received later, there were some unarmed civilians around the scene of the incident as well.
“It is regrettable that unarmed people were killed in the operation, including women and children,” he added.
While the military has not commented publicly on the incident, police sources confirmed to AFP that three drone strikes were carried out on Friday night. It was only on Saturday morning, they said, that officials learned two women and three children were among the dead.
“In protest, local residents placed the bodies of the victims on the road,” a senior police officer told AFP, saying they were being described by locals as “innocent civilians.”
Another official said an investigation was under way to determine whether militants were present at the time of the strikes.
“It is too early to say whether the places affected were civilian areas or whether they were sheltering Taliban,” he said.
Shortly after reports of the casualties emerged, the TTP released a statement announcing a three-day ceasefire on the occasion of Eid Al-Fitr.
“The leadership of Tehreek-e-Taliban Pakistan has decided that, on the joyous occasion of Eid Al-Fitr, a three-day ceasefire will be observed as a gesture to allow the people of Pakistan to celebrate in peace,” the group said in a statement.
It added that TTP fighters would refrain from operations on the last day of Ramadan, Eid day, and the day after Eid, but reserved the right to respond in self-defense if attacked.
The TTP, which announced a “spring offensive” earlier this month, has claimed responsibility for around 100 attacks in Khyber Pakhtunkhwa in recent weeks.
In Friday’s separate incident, seven Pakistani soldiers were killed in an hours-long gunbattle with Taliban fighters holed up in a house in the province.
The army later deployed helicopter gunships, killing eight militants, while six other soldiers were wounded, according to police sources.
According to an AFP tally, over 190 people — mostly security personnel — have been killed in militant violence in Khyber Pakhtunkhwa and Balochistan since the start of the year.
Last year was the deadliest in nearly a decade, with more than 1,600 fatalities nationwide, nearly half of them security forces, according to the Center for Research and Security Studies.
Islamabad blames the surge in attacks on militants using Afghan territory as a base, particularly the TTP, which Pakistan says enjoys sanctuaries across the border.
The Afghan Taliban-led government in Kabul denies this, and accuses Pakistan in return of harboring Daesh militants.
With input from AFP


11 dead in drone strikes against Taliban in northwest Pakistan

Updated 29 March 2025
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11 dead in drone strikes against Taliban in northwest Pakistan

  • Security forces carried out three drone strikes in Khyber Pakhtunkhwa, targeting ‘Pakistani Taliban hideouts’
  • Local residents protested the killings of ‘innocent civilians,’ saying women and children were among the victims

PESHAWAR: Eleven people were killed in drone strikes in northern Pakistan on Saturday launched by the army against the Taliban, who had killed seven soldiers a day earlier, police told AFP.
Three drone strikes were carried out on Friday night in Khyber Pakhtunkhwa province, a senior police officer said on condition of anonymity, targeting “Pakistani Taliban hideouts” in the region bordering Afghanistan where violence has erupted in recent months.
“It was only this morning that we learned that two women and three children were among the victims,” he said.
“In protest, local residents placed the bodies of the victims on the road,” saying that they were “innocent civilians” killed in the strikes, he added.
Another police source said that “an investigation is under way to establish whether Taliban fighters were indeed present at the sites at the time of the attack.”
“It is too early to say whether the places affected were civilian areas or whether they were sheltering Taliban,” he added.
The Pakistani Taliban — known as Tehreek-e-Taliban Pakistan (TTP) — announced in mid-March a “spring campaign” against security forces, threatening “ambushes, targeted attacks, suicide attacks and strikes.”
The TTP has since claimed responsibility for around 100 attacks in Khyber Pakhtunkhwa.
In the same province, “armed Taliban” fighters hiding in a house shot and killed seven soldiers who were carrying out an operation against them, a police source said on Saturday.
During the shoot-out, which lasted several hours, the army deployed helicopter gunships, killing eight Taliban, while six other soldiers were wounded, according to the source.
Since January 1, more than 190 people, mostly members of the security forces, have been killed in violence carried out by armed groups fighting against the government both in Khyber Pakhtunkhwa and in Balochistan provinces, according to an AFP count.
In Khyber Pakhtunkhwa, a blast from a bomb planted by separatists on a motorbike also killed a soldier and a civilian further south in Balochistan, police officer Mohsin Ali told AFP.
The area was the scene of a spectacular attack last month when militants held hundreds of train passengers hostage and killed dozens of off-duty soldiers.
Attacks are reported every day in Pakistan’s western regions bordering Afghanistan, where the army regularly says it is killing “terrorists” during sweep operations, without, however, curbing the violence.
Attacks have increased in Pakistan in particular since the Taliban returned to power in Afghanistan in August 2021.
Islamabad accuses the Taliban government in Kabul of failing to eliminate militants who take refuge on Afghan soil to prepare attacks against Pakistan.
The Taliban government denies these accusations and in return accuses Pakistan of harboring “terrorist” cells on its soil, pointing the finger in particular at the regional branch of Daesh.
“Pakistan expects the Afghan government to assume its responsibilities,” the army said at the beginning of March, reserving “the right to take the necessary measures to respond to these threats coming from across the border.”
Last year was the deadliest year in almost a decade in Pakistan, with more than 1,600 people killed in attacks — nearly half of them security forces personnel — according to the Islamabad-based Center for Research and Security Studies.


Pakistan markets bustle with shoppers for Eid final preparations

Updated 29 March 2025
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Pakistan markets bustle with shoppers for Eid final preparations

  • At bazaars, shoppers browse through glittery sandals, bangles, clothes hoping to find special items for the festival
  • Although inflation has eased recently, some shoppers complained of price increases compared to regular days

KARACHI/LAHORE: Pakistani Muslims on this week crowded the night markets soon after ‘iftar’ (breaking of fast at sunset) in the final week of Ramadan as they geared up in preparation for Eid-Al-Fitr celebrations.
Markets in the biggest city Karachi and the second largest city Lahore were bustling with activity as the holy month of Ramadan neared the end ahead of the Muslim festival of Eid.
For Pakistan the festival will fall on either Monday (March 31) or Tuesday (April 1), depending on the sighting of the moon.
Shoppers browsed through glittery sandals, bangles, and new clothes hoping to find special items for the festival.
“Shopping is really an enjoyment in last days [of Ramadan]. The bazar is very lively during the last days of Ramadan, which is fun to watch,” said housewife Subia Arshad in Karachi.
Although inflation has eased recently, some shoppers complained of price increases compared to regular days.
Prices generally rise in Ramadan and ahead of Eid in Pakistan.
“Items that cost 600 ($2.14), 700 rupees ($2.50) normally, they are selling it for two thousand rupees ($7.14),” said housewife Mrs. Irfan in Lahore.
Pakistan’s annual inflation rate slowed to 1.5 percent in February, the lowest in nearly a decade and below the finance ministry’s estimates, according to early March data from the statistics bureau.
Inflation has cooled significantly, easing from 23.1 percent in February 2024.
The South Asian country, currently bolstered by a $7 billion facility from the International Monetary Fund (IMF) granted in September, is navigating an economic recovery.
Pakistan government has announced Eid Al-Fitr holidays from Monday (March 31) to Wednesday (April 2).


Afghan refugee leaders urge Pakistan to reassess expulsions ahead of Eid deadline

Updated 29 March 2025
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Afghan refugee leaders urge Pakistan to reassess expulsions ahead of Eid deadline

  • The government has decided to begin expelling refugees holding Afghan Citizen Cards from April
  • UN data suggest around 800,000 of the 2.8 million Afghans in Pakistan face imminent deportation

KARACHI: Refugee leaders in Karachi on Saturday urged the Pakistani authorities to reconsider their plan to expel Afghan nationals, saying the prospect of deportation during Eid was the harshest blow they could expect from a country that had generously hosted them for nearly five decades.
Earlier this month, the government announced that Afghan Citizen Card (ACC) holders must leave Pakistan by March 31, a deadline expected to coincide with Eid al-Fitr.
According to UN data, Pakistan hosts more than 2.8 million Afghans, many of whom fled decades of war and instability in their home country. Around 1.3 million of them are formally registered as refugees and hold Proof of Registration (PoR) cards, which grant them legal protections.
Another 800,000 Afghans possess ACCs, a separate identity document issued by the Pakistani government that recognizes them as Afghan nationals without offering refugee status.
With the government now requiring ACC holders to leave by March 31, a deadline expected to coincide with Eid al-Fitr, nearly 800,000 Afghans, including an estimated 65,000 in Karachi, face the prospect of being forcibly returned to a country many have never even seen.
“We appeal to the government of Pakistan to reconsider its decision to expel Afghans holding Afghan Citizen Cards,” said Haji Abdullah Shah Bukhari, chairman of the refugee community in Sindh, at a news conference in Karachi.
“Pakistan has generously hosted us for nearly 47 years, and a large portion of these refugees were born in Pakistan,” he continued. “Even if the government decides to expel us, it should not be done during Eid.”
Bukhari urged the authorities to allow more time for refugees to prepare, warning that many would be forced to live in tents in Afghanistan, where they have no homes to return to.
Islamabad has previously attributed militant attacks and other crimes to Afghan nationals, who make up the largest share of migrants in the country. The government claims that militants, particularly from Tehreek-e-Taliban Pakistan (TTP), operate from safe havens in Afghanistan and maintain ties with Afghans living in Pakistan to stage cross-border attacks. Kabul has consistently denied these accusations.
Bukhari, however, stressed that Afghan refugees in Pakistan had no links to militant violence in the country.
“We ourselves are victims of war and terrorism,” he said.
Mufti Rahim Ullah, another refugee elder, said his fellow nationals consider Pakistan their home.
“I arrived in Pakistan over three decades ago with my parents. I married a refugee woman born in Pakistan, and all my children were born and raised here. Pakistan is our country, and we love it. We condemn anyone who wants to harm Pakistan,” he said, adding that fear had gripped refugee settlements across Karachi.
Agha Syed Mustafa, another Afghan national and school principal, said law enforcement agencies lacked clarity during crackdowns, leading to the harassment of all of his community members, including those holding PoR cards.
“There should be clarity, and any operation should be conducted in consultation with the local [Afghan] community,” he said.
Mustafa urged the government to urgently review the deportation decision and allow refugees more time.
“They should be given more time so that they can plan their return to Afghanistan,” he said.