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Pakistan deputy PM directs authorities to finalize investment proposals with ‘friendly countries’

Deputy Prime Minister of Pakistan, Ishaq Dar, chairs inter-ministerial meeting on investment project proposals with friendly countries in Islamabad, Pakistan, on April 3, 2025. (@ForeignOfficaPk/X)
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Updated 04 April 2025
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Pakistan deputy PM directs authorities to finalize investment proposals with ‘friendly countries’

  • Ishaq Dar chairs meeting on Pakistan’s investment proposals with friendly countries, says state media
  • Says participants reviewed potential investments in infrastructure, petroleum, trade, and IT sectors
Updated 04 April 2025
Arab News Pakistan

ISLAMABAD: Pakistan’s Deputy Prime Minister Ishaq Dar this week directed authorities to finalize selected proposals to bolster trade and investment with “friendly countries,” state-run media reported. 

Islamabad has increasingly eyed foreign trade and investment that benefits its priority sectors in a bid to bolster its fragile $350 billion economy. 

It formed the Special Investment Facilitation Council (SIFC) government body in 2023 to attract foreign investment in agriculture, livestock, mining and minerals, energy, tourism and other sectors from China, Saudi Arabia, the United Arab Emirates, Central Asian countries and other Gulf states. 

“Deputy Prime Minister/Foreign Minister (DPM/FM) Senator Mohammad Ishaq Dar on Thursday directed that selected proposals should be finalized, reaffirming Pakistan’s priority to bolster economic, trade, and investment ties with friendly countries,” state-run Associated Press of Pakistan (APP) reported. 

Dar issued the instructions while chairing the fourth inter-ministerial meeting on Pakistan’s investment project proposals with friendly countries, APP said. 

“During the meeting, the committee reviewed briefs on potential investments in key sectors, including infrastructure, petroleum, trade, and information technology (IT),” the state-run media said. 

Saudi Arabia is one of the countries Pakistan has aggressively pushed to forge closer business and investment deals with in recent months. 

The two countries signed 34 business agreements last year for a whopping $2.8 billion. Sharif’s office said seven out of 34 MoUs signed with Saudi Arabia had been actualized into agreements worth $560 million. 

In April 2024, the Kingdom also pledged to expedite a $5 billion investment portfolio for Islamabad.

Pakistan hopes foreign trade and investment deals with allies will help shore its foreign reserves and strengthen its fiscal position weakened considerably by a prolonged macroeconomic crisis.  

Topics: Deputy Prime Minister Ishaq Dar Special Investment Facilitation Council (SIFC) Trade ties

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Pakistan’s Punjab issues fresh rain alert after 21 killed by storms last month

Updated 02 June 2025
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Pakistan’s Punjab issues fresh rain alert after 21 killed by storms last month

  • Pakistan has seen erratic weather changes leading to frequent heatwaves, untimely rains, storms and droughts in recent years
  • Thunderstorms last month also claimed more than 10 lives and injured 30 others in the neighboring Khyber Pakhtunkhwa province
Updated 02 June 2025
SAIMA SHABBIR

ISLAMABAD: The Punjab Provincial Disaster Management Authority (PDMA) on Monday issued a fresh alert about rains and strong, dusty winds in the province from June 2 till June 5, days after thunderstorms killed nearly two dozen people in Pakistan’s most populous province.

Thunderstorms killed at least 21 people and injured more than 100 others in Punjab as moist currents penetrated upper parts of Pakistan late last month, according to national and provincial disaster management authorities.

More rains and gusty winds are expected in Rawalpindi, Murree, Galiat, Attock, Chakwal, Mandi Bahauddin, Gujrat, Jhelum, Gujranwala, Lahore, Kasur, Sialkot, Narowal, Okara, Faisalabad, Toba Tek Singh, Jhang, Khushab, Sargodha, Mianwali, Multan, Dera Ghazi Khan, Bahawalpur and Bahawalnagar districts.

“Citizens should stay in safe places to protect themselves from lightning. The public should never go out under the open sky during thunderstorms and storms,” the PDMA quoted its Director-General Irfan Ali Kathia as saying.

Due to possible rains, it said, the intensity of heat will decrease during the three-day Eid Al-Adha festival, which begins on Saturday.

Kathia said the PDMA has alerted the district administrations as well as health, irrigation, construction and communications, local government and livestock departments.

Pakistan has seen erratic changes in its weather patterns which have led to frequent heat waves, untimely rains, storms, cyclones and droughts in recent years. Scientists have blamed the events on human-driven climate change.

Thunderstorms last month also claimed more than 10 lives, while 30 others sustained injuries in the Khyber Pakhtunkhwa province in Pakistan’s northwest, according to provincial authorities.

In 2022, devastating floods, blamed on human-driven climate change, killed more than 1,700 Pakistanis, affected another 33 million and caused the country over $30 billion in economic losses.

Topics: Punjab rain Pakistan rain Provincial Disaster Management Authority thunderstorms

Pakistan to play in Colombo when India hosts women’s World Cup

Updated 02 June 2025
Reuters
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Pakistan to play in Colombo when India hosts women’s World Cup

  • India and Pakistan have not played a bilateral series since 2013 and play their matches in neutral venues when either country hosts an ICC event
  • Neutral venue arrangement between the countries will also be in place for the men’s T20 World Cup in 2026, which India will co-host with Sri Lanka
Updated 02 June 2025
Reuters

Pakistan will play all their women’s 50-over World Cup matches in Sri Lanka’s capital Colombo when India hosts this year’s tournament, the International Cricket Council (ICC) said on Monday.

Politically-estranged India and Pakistan, who have not played a bilateral series since 2013, will play their matches in neutral venues when either country hosts an ICC event, the sport’s global governing body announced in December.

“The venues for the knockouts are dependent on Pakistan qualifying as two alternative venues have been identified for one semifinal and the final,” the ICC said.

“Colombo will be the venue for the first semifinal and the final only if Pakistan qualify for those stages.”

Bengaluru, where the tournament will start with India playing in the opening match, will host the final on November 2 if Pakistan are knocked out earlier in the tournament, the ICC added.

Bengaluru will also stage the second semifinal on October 30, a day after the first semifinal in Colombo or Guwahati. Visakhapatnam and Indore are the two other host cities for the eight-team tournament.

India played all their matches in Dubai when Pakistan hosted the men’s Champions Trophy this year, including the final which they won.

Both the Indian Premier League (IPL) and the Pakistan Super League were suspended last month amid clashes between the two countries following an attack targeting tourists that killed 26 people in disputed Kashmir region in April. Matches resumed after a ceasefire was announced.

The neutral venue arrangement between the countries will also be in place for the men’s T20 World Cup in 2026, which India will co-host with Sri Lanka, and the women’s T20 World Cup in 2028 in Pakistan.

Topics: ICC Women World Cup ICC Women's ODI World Cup Pakistan women cricket team

Pakistan earmarks $3.5 billion for development projects in upcoming budget

Updated 02 June 2025
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Pakistan earmarks $3.5 billion for development projects in upcoming budget

  • The budget for fiscal year 2025-26 will be announced in the National Assembly on June 10
  • Pakistan’s annual inflation rose to 3.5% in May, though macroeconomic outlook has improved
Updated 02 June 2025
Hasaan Ali Khan

ISLAMABAD: Pakistan’s Planning Minister Ahsan Iqbal said on Monday that the Finance Division has allocated Rs1 trillion ($3.5 billion) for development projects in the upcoming budget for fiscal year 2025-26.

The 2025–26 budget is expected to be presented by Finance Minister Muhammad Aurangzeb in Pakistan’s lower house of parliament on June 10, following the Eid Al-Adha holidays, after the government postponed an earlier date of June 2.

Providing the breakdown $3.5 billion development budget, Iqbal said Rs664 billion ($2.3 billion) would be allocated to infrastructure projects, including energy, water, transport, physical planning and housing.

“Prime Minister Shehbaz Sharif has directed that Rs120 billion ($426.7 million) be allocated for N25 Chaman-Quetta-Karachi Expressway,” he said at a press conference in Islamabad.

“Rs150 billion ($533.3 million) are for social sectors, special areas, including Azad Jammu and Kashmir and Gilgit-Baltistan, have been allocated Rs63 billion ($223.9 million), and merged [tribal] districts in Khyber Pakhtunkhwa have been allocated Rs70 billion ($248.4 million).”

Similarly, Rs53 billion ($188.3 million) have been earmarked for science and information technology, Rs9 billion ($32.2 million) for governance and reform projects, and Rs11 billion ($39.1 million) for production sectors, according to the minister.

“The majority [of allocation] is for water, power and highway sector,” he added.

Late last month, Iqbal said Pakistan’s defense spending would be hiked in the upcoming budget as the military would “certainly require” more financial resources to defend the country against India. But neither Iqbal nor any other government official has so far shared any figures. Pakistan’s defense budget currently stands at Rs2.122 trillion ($7.53 billion).

The remarks came days after Pakistan and India attacked each other with missiles, drones and artillery in their worst conflict in decades that killed around 70 people on both sides. The two nations agreed to a ceasefire on May 10 after four days of hostilities sparked by a militant attack on tourists in Indian-administered Kashmir in April.

Pakistan’s annual inflation rate rose to 3.5% in May, though the country’s macroeconomic outlook has improved in recent months, supported by a stronger current account balance, increased remittances and declining inflation.

Authorities remain cautious as they aim to build on recent economic stabilization, guide the country toward gradual growth, and reaffirm their commitment to ongoing economic reforms.

Topics: Ahsan Iqbal 2025 Budget

Pakistan announces four-day holiday on Eid Al-Adha

Updated 02 June 2025
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Pakistan announces four-day holiday on Eid Al-Adha

  • Eid Al-Adha is one of two important Islamic festivals, in which Muslims sacrifice animals and share their meat among family, friends and the poor
  • Believers observe the annual festival to commemorate the willingness of Prophet Ibrahim (Peace Be Upon Him) to sacrifice his son on God’s command
Updated 02 June 2025
KASHIF IMRAN

ISLAMABAD: Pakistan has announced a four-day holiday on Eid Al-Adha starting from June 6, the Cabinet Division said on Monday.

Eid Al-Adha is one of the two most important festivals of the Islamic calendar. The other, Eid Al-Fitr, occurs at the end of Ramadan, the holy month of fasting.

Muslims mark the Eid Al-Adha holiday by slaughtering animals such as sheep and goats, and the meat is shared among family and friends and donated to the poor.

“The prime minister has been pleased to declare 6th, 7th, 8th and 9th June, 2025, (Friday, Saturday, Sunday and Monday) as public holidays on the occasion of Eid Al-Adha,” the Cabinet Division said.

Last week, Pakistan’s moon sighting committee announced that the crescent marking the beginning of the Islamic month of Dhul Hijjah was not sighted due to unclear skies and the Eid Al-Adha festival would commence from June 7.

Eid Al-Adha is observed on the 10th day of Dhul Hijjah to commemorate the willingness of Prophet Ibrahim (Peace Be Upon Him) to sacrifice his son on God’s command.

Dhul Hijjah is the twelfth and final month of the Islamic calendar, a sacred period during which the Hajj pilgrimage takes place. This year, the annual Hajj pilgrimage will commence on June 4.

Topics: Eid-Al-Adha

Pakistan’s Air Sial launches inaugural flight to UAE

Updated 02 June 2025
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Pakistan’s Air Sial launches inaugural flight to UAE

  • Flight took off from Islamabad around 11:34am with 137 passengers aboard
  • The Pakistani airline already operates flights to cities in Saudi Arabia and Oman
Updated 02 June 2025
Hasaan Ali Khan

ISLAMABAD: Air Sial, a Pakistani private airline, has launched its first flight to the United Arab Emirates, it said on Monday, in a significant development for the Pakistani aviation industry.

Inaugurated in 2020 by the Sialkot Chambers of Commerce and Industry, the airline initially aimed to improve air travel to and from Pakistan’s Sialkot city, a major industrial hub in the eastern Punjab province.
Over the years, Air Sial has expanded its operations not just countrywide, but to countries in the Gulf region and uses a fleet of modern Airbus A320 aircraft.

“Pakistan Airports Authority successfully facilitated and supervised the launch of Air Sial’s inaugural international flight (PF784) from Islamabad International Airport to Dubai,” Air Sial said on Monday, adding the flight departed around 11:34am with 137 passengers aboard.

Air Sial’s domestic network includes major cities like Karachi, Lahore, Islamabad, Sialkot, Quetta and Multan.

The airline entered the international market in March 2023 with the launch of its inaugural flight to Jeddah, Saudi Arabia. It also flies to Riyadh, Madinah and Dammam.

Air Sial extended its international reach the same year in June by launching direct flights from Pakistan to Oman.

Late last month, the state-run Pakistan International Airlines (PIA) also resumed direct flights between Dubai and Pakistan’s mountainous Skardu district in a bid to boost tourism.

Topics: Air Sial UAE Pakistan to UAE flight

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