Pakistan, Belarus sign MoUs for cooperation in defense, commerce, environment sectors

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Updated 11 April 2025
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Pakistan, Belarus sign MoUs for cooperation in defense, commerce, environment sectors

  • PM Sharif is on official visit to Republic of Belarus, holds talks with President Aleksandr Lukashenko
  • Corresponding with Sharif’s arrival, second Pakistan-Belarus Business Forum held on Thursday in Minsk

ISLAMABAD: Pakistan and Belarus on Friday signed a series of agreements and memorandums of understanding (MoUs) aimed at enhancing cooperation across sectors such as defense, commerce and environmental protection, state-run APP news agency said.
Pakistani Prime Minister Shehbaz Sharif is on an official visit to the Republic of Belarus during which he held talks with President Aleksandr Lukashenko on Friday to review progress on bilateral cooperation. Delegation-level talks were also held between the two sides encompassing discussions on bilateral cooperation as well as regional and international issues. 
Over the past six months, a series of high-level bilateral engagements, including the 8th Session of the Joint Ministerial Commission (JMC) in February 2025 and a subsequent visit by a high-powered mixed ministerial delegation to Belarus in April 2025, have laid the groundwork for Sharif’s visit. 
“The governments of Pakistan and Belarus signed a Readmission Agreement as well as an Agreement on Cooperation between the interior ministries of two countries,” APP said, saying another agreement was signed on cooperation between the defense ministries of the two countries.
“The two sides signed a Program (Roadmap) of the Military-Technical Cooperation between the State Authority for Military Industry of the Republic of Belarus and the Ministry of Defense Production for 2025-2027,” APP added. 
“Bilateral accords were also signed for cooperation on environmental protection, postal services, business support, trade development and cooperation between trade bodies.”
Pakistan has moved in recent months to increase trade and economic cooperation with landlocked Central Asian republics and other states, hoping to leverage its strategic position as a key trade and transit hub to connect these nations to the global market, while earning much-needed foreign exchange.
Speaking at a ceremony during his visit, Sharif said Belarus was very strong in manufacturing of equipment used in mining, emphasising a closer collaboration between the two countries.
“I think there is no reason why we shouldn’t benefit from your experience because Pakistan, by the grace of God, has mineral deposits to the tune of trillions of dollars,” he said.
The prime minister maintained an air link between the two state could prove pivotal in further strengthening their partnership. He also thanked President Aleksandr Lukashenko for allowing nearly 150,000 young, highly skilled Pakistan laborers to contribute in nation building efforts in Belarus.
Sharif also spoke of strengthening Pakistan’s agriculture sector with mutual cooperation, saying 65 percent of the country’s population lived in rural areas.
“We need your expertise,” he said. “We need to have joint ventures between Belarus and Pakistani companies to manufacture agricultural equipment in Pakistan so we can offer to the farmers at very economical rates, both companies from Belarus and Pakistan, they will have win-win situation.”

Pakistan-Belarus Business Forum

Corresponding with Sharif’s arrival, the second Pakistan-Belarus Business Forum was held on Thursday in Minsk, marking a “significant step toward strengthening bilateral trade and economic cooperation between the two countries,” state-owned Pakistan Television reported. 
Senior government officials, business leaders and other key stakeholders from both nations attended. 
In recent years, the volume of trade between Belarus and Pakistan has ranged between $50 to 65 million annually, according to foreign office data. 
“Our presence here is part of a journey that reflects the evolving and deepening partnership between our two countries,” Pakistani Commerce Minister Jam Kamal Khan said as he addressed the forum. 
He said the eighth session of the Pakistan-Belarus Joint Ministerial Commission (JMC), held earlier this year in Minsk, had opened “new avenues of cooperation” in sectors such as trade, agriculture, education, technology, and pharmaceuticals, emphasizing that both governments were committed to removing trade barriers and promoting involvement of the private sector.
Discussing potential trade opportunities, Khan identified key areas for joint ventures including textile machinery, agro-processing, pharmaceuticals, renewable energy, information technology, and e-commerce.
He also announced recent cooperation agreement between the Trade Development Authority of Pakistan (TDAP) and the Belarusian Chamber of Commerce and Industry (BelCCI), describing it as an active platform for trade promotion and partnership development.
Khan invited Belarusian investors to explore opportunities in Pakistan’s Special Economic Zones, saying they offered attractive incentives and access to markets of over three billion people. He also noted the recent reduction in Pakistan’s energy tariffs as an additional facilitative measure for investment.
“Today’s forum is not just a ceremonial gathering but a practical advancement. We are witnessing the signing of a cooperation agreement between TDAP and BelCCI that will provide an institutional foundation. This includes participation in trade exhibitions, B2B events, exchange of market intelligence, and facilitation of sector-specific delegations,” Chief Executive of the Trade Development Authority, Faiz Ahmed, said in his address at the business forum. 
“This formal collaboration will ensure that the momentum created today translates into tangible outcomes in the coming months.”


Pakistan envoy attends event celebrating Guinness World Record for largest UAE flag

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Pakistan envoy attends event celebrating Guinness World Record for largest UAE flag

  • Flag features 24,514 human handprints contributed by individuals from over 100 nationalities
  • Pakistani expatriates took the lead and completed the project within a period of one month

ISLAMABAD: Pakistan’s envoy to the United Arab Emirates (UAE), Ambassador Faisal Niaz Tirmizi, attended an event to commemorate a new Guinness World Record set by the Pakistan Association Dubai (PAD) by creating the largest UAE flag using human handprints, his office said on Thursday.

PAD is a volunteer-run, non-profit organization established in the 1960s to serve the Pakistani expatriate community in the UAE by promoting social welfare, preserving cultural heritage, and supporting community development among the Pakistani diaspora.

“These are not merely handprints but heart prints, an expression of the community’s love, unity and dedication,” the Pakistan Embassy in the UAE quoted Tirmizi as saying.

“This initiative beautifully aligns with the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and stands as a testament to the deep-rooted relationship between the Pakistani community and the UAE.”

This handout photo, taken and released by Pakistan Embassy in UAE on May 22, 2025, shows Pakistan Ambassador to UAE Faisal Niaz Tirmizi posing for a photograph with UAE flag featuring 24,514 human handprints in Dubai, UAE. (Handout/Pakistan Embassy)

The flag featured 24,514 human handprints contributed by people from over 100 nationalities and was unveiled in the presence of Pakistani and Emirati community members.

The record-breaking project, led by PAD, Emirates Loves Pakistan (ELP), and artist Rubab Zahra, was completed during a month-long campaign that began on Apr. 13 in Al Quoz, Dubai, the statement said.

On the occasion, PAD President Dr. Faisal Ikram expressed gratitude to all the contributors and volunteers.

In this handout photo, taken and released by Pakistan Embassy in UAE on May 22, 2025, officials receiving Guinness World Record for flag featuring 24,514 human handprints in Dubai, UAE. (Handout/Pakistan Embassy)

“This record-breaking effort symbolizes the unity and spirit of cooperation that defines our community and perfectly embodies the essence of the Year of Community 2025,” the embassy quoted him as saying.

Pakistani expatriates in Dubai play a vital role in strengthening ties between Pakistan and the UAE, contributing significantly to the economies of both countries.


Pakistani generals vow to ‘decimate’ militants a day after school bus bombing kills four children

Updated 49 min 49 sec ago
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Pakistani generals vow to ‘decimate’ militants a day after school bus bombing kills four children

  • The meeting terms the attack a ‘reprehensible violation’ of international norms due to the deliberate targeting of children
  • Field Marshal Asim Munir describes the people of Pakistan as the military’s ‘greatest strength’ following the India standoff

ISLAMABAD: Pakistan’s top generals on Thursday vowed to “decimate” militant groups operating in its western provinces of Balochistan and Khyber Pakhtunkhwa, a day after a vehicle-borne improvised explosive device targeted a school bus in the Khuzdar district in the southwest, killing four children and two adults.

The military’s pledge follows a sharp escalation in militant violence across Pakistan, particularly in Balochistan, where separatist groups like the Baloch Liberation Army (BLA) have launched increasingly coordinated attacks on civilians and security forces. Earlier this year, a BLA assault on a passenger train led to a hostage situation, reflecting the growing scale and sophistication of the insurgency.

Islamabad has repeatedly accused India of backing these groups to destabilize the country, an allegation New Delhi has denied, attributing Pakistan’s security troubles to internal failures.

Thursday’s statement followed a meeting of Pakistan’s top army leadership to review the country’s internal and external security environment. The huddle, chaired by Field Marshal Asim Munir, was the first since a recent military standoff with India, during which both sides exchanged missile and drone attacks.

“The Forum deliberated in depth on the threat posed by India-backed terrorist proxies operating in Balochistan and Khyber Pakhtunkhwa,” the military’s media wing, Inter-Services Public Relations (ISPR), said in a statement.

“The Forum resolved that Pakistan will never allow its peace to be compromised by externally sponsored terrorism,” it continued. “The Armed Forces, in close synergy with intelligence and law enforcement agencies, will pursue all proxies and facilitators of terrorism with unrelenting resolve. These hostile elements, trained and financed to incite chaos and fear, will be dismantled and decimated with full force of national will and institutional strength.”

The generals condemned the Khuzdar attack as a “reprehensible violation” of international norms, particularly due to the deliberate targeting of children.

They also offered prayers for victims of both the Khuzdar bombing and recent casualties from Operation Bunyanum Marsoos, the military campaign launched in response to Indian strikes.

Field Marshal Munir reiterated Pakistan’s strategic stance on national defense, declaring that “no one can coerce Pakistan through the use or threat of force.”

He also praised the professionalism and readiness of the armed forces and lauded the resilience of Pakistani civilians, youth and political leadership during recent hostilities.

“The people of Pakistan are our greatest strength,” he said during the meeting. “We remain committed to their trust and expectations in our shared struggle against any foreign aggression, terrorism and extremism.”


Pakistan seeks World Bank’s technical help to fast track $20 billion development framework

Updated 22 May 2025
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Pakistan seeks World Bank’s technical help to fast track $20 billion development framework

  • The Country Partnership Framework was approved by the World Bank’s executive directors in January
  • It aims to support Pakistan’s development by promoting private sector-led growth, climate resilience

KARACHI: Pakistan on Thursday sought the World Bank’s technical assistance to fast track the implementation of the Country Partnership Framework (CPF) discussed between the two sides earlier this year, according to an official statement circulated by the finance ministry.

The World Bank’s Board of Executive Directors endorsed the framework in January, aiming to support Pakistan’s long-term development by building human capital, promoting private sector-led growth and enhancing climate resilience through up to $20 billion in pledged lending over the next decade.

A World Bank delegation led by Managing Director for Operations Anna Bjerde met with Finance Minister Muhammad Aurangzeb in Islamabad during the day to review the Bank’s financing portfolio and strengthen bilateral cooperation.

“We are focused on ensuring that climate resilience and sustainable development remain at the heart of our economic planning,” Aurangzeb said, according to the statement. “The CPF represents an important opportunity, and we aim to implement it with full coordination across key ministries and stakeholders.”

The finance ministry said Aurangzeb requested the visiting delegation “to provide technical leadership and assistance to streamline processes and ensure a prioritized and focused rollout of the CPF.”

Bjerde praised Pakistan for continuing with difficult economic reforms under challenging circumstances and for aligning its growth with environmental sustainability.

She also reiterated the Bank’s support for initiatives in areas such as taxation, energy and social protection, while emphasizing girls’ education and women’s empowerment as critical to human capital and economic resilience.

Later in the day, the delegation also met Prime Minister Shehbaz Sharif.

According to a separate statement circulated by Sharif’s office, the prime minister welcomed the delegation and thanked the World Bank for playing a key role in the country’s development.

“We are grateful to the World Bank for the Country Partnership Framework, under which development investments exceeding $20 billion will be made in Pakistan,” he said.

Bjerde, in turn, commended Pakistan’s macroeconomic performance and recent stabilization efforts, describing the CPF as a “model” for other countries.

The meeting was also attended by federal ministers, advisers, parliamentarians and senior government officials along with World Bank Country Director Najy Benhassine.


Pakistan says open to dialogue with India, with Saudi Arabia, UAE among neutral venue options

Updated 22 May 2025
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Pakistan says open to dialogue with India, with Saudi Arabia, UAE among neutral venue options

  • Pakistan’s deputy prime minister says dialogue with India has to take place and will cover all outstanding issues
  • Ishaq Dar says ceasefire is holding between the two states, with troops moving back to pre-standoff positions

ISLAMABAD: Pakistan’s Deputy Prime Minister Ishaq Dar said on Thursday composite talks with India would be held at a neutral venue, such as Saudi Arabia, the United Arab Emirates (UAE) or any other mutually acceptable country, once New Delhi was ready for dialogue.

His statement followed a US-brokered ceasefire announced by President Donald Trump on May 10 to halt missile, drone and artillery exchanges between the two nuclear-armed neighbors in the wake of a deadly gun attack in Indian-administered Kashmir last month that killed 26 tourists. New Delhi blamed Pakistan for the assault, though Islamabad denied involvement.

US Secretary of State Marco Rubio subsequently mentioned after the ceasefire the two South Asian rivals had agreed to address a broad range of issues in a meeting at a neutral venue. However, the Indian authorities maintained any dialogue with Pakistan would be limited to the issue of “terrorism” and have not shown any interest so far in the said diplomatic engagement.

“The venue of the talks will be the place acceptable to both,” Dar said during a media briefing in Islamabad. “There are many candidates for it. It can be Saudi Arabia, the United Arab Emirates or any other country.”

Dar maintained talks had to be held between the two countries, adding Pakistan was ready to engage whenever India was prepared.

“We are not in a hurry and will initiate dialogue when India will be ready,” he continued. “The venue will also be decided at that time.”

The deputy prime minister said the dialogue would cover all issues between the two countries.

“It will be a composite dialogue including everything,” he informed. “Terrorism will be part of it as we are ready to talk on this with all countries because we also want to eliminate the menace of terrorism as we are the biggest victim of it.”

Dar said the ceasefire was holding, though he expressed concern over “irresponsible statements” from Indian officials.

“I think the political compulsion is coming in front of them [the Indian leaders],” he said, adding the ceasefire was maintained by the armed forces of the two countries, with the director generals of military operations on both sides in regular communication with each other.

He also informed both countries were gradually restoring their forces to the pre-standoff positions.

“It won’t take months, it will be completed within the next few days,” he added.

Dar also spoke about his recent visit to China, where he attended a trilateral dialogue with China and Afghanistan, saying both countries had agreed to strengthen their diplomatic relations.

Since the Taliban takeover of Kabul, Pakistan-Afghanistan relations have remained strained, marked by border tensions, security concerns and a lack of trust.

Diplomatic engagement between Kabul and Islamabad have also remained limited, with both countries maintaining ties at the chargé d’affaires level rather than through full ambassadors.

“On the request of China, both countries agreed to enhance our diplomatic relations, though it will take time to complete procedures,” he added.

The deputy prime minister reiterated Pakistan and China had agreed to extend their joint multibillion-dollar corridor project to Afghanistan, including the construction of a road from Peshawar to Kabul to improve connectivity.


Pakistan FY26 budget to continue fiscal consolidation, focus on IMF guidelines — analysis

Updated 22 May 2025
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Pakistan FY26 budget to continue fiscal consolidation, focus on IMF guidelines — analysis

  • Islamabad is currently holding budget talks with the IMF, likely to conclude this week
  • Government has committed to fiscal consolidation in FY26 budget to ensure debt sustainability

KARACHI: Pakistan will continue fiscal consolidation, focus on IMF guidelines and bring untaxed and low tax areas into the tax net as it announces its federal budget for fiscal year 2025-26 next month, a top Pakistani brokerage house said in a budget review

Islamabad is currently holding budget talks with the IMF, which earlier this month approved a loan program review for Pakistan, unlocking a $1 billion payment which the State Bank of Pakistan said had been received. A fresh $1.4 billion loan was also approved under the IMF’s climate resilience fund.

“We expect this budget to continue fiscal consolidation, focus on IMF guidelines and bring untaxed/low tax areas in tax net,” Topline Securities said in a budget review.

The brokerage house said the government had committed with the IMF to continue with fiscal consolidation in the FY26 budget to ensure debt sustainability.

“The government targets primary surplus of 1.6% of GDP (vs. 2.0-2.1% of GDP in FY25), a surplus for the third consecutive year after two decades. The government has also committed to use any windfall dividend expected from the central bank over and above 1% of GDP to retire debt,” the review said.

The analysis predicted the Federal Board of Revenue’s FY26 tax revenue growth target could be the lowest in six years.

“FBR revenue target is expected at Rs14.1-14.3 trillion, up 16-18% YoY, which will be the lowest percent growth in the last 6 years,” it said.

The FBR has achieved a five-year revenue Compound Annual Growth Rate of 25% from FY21-25.

“We believe, out of this required 16-18% growth, approximately 12% would be achieved through autonomous growth driven by real GDP growth of 3.6% and inflation of 7.7%. The remaining 4-5% growth translates into additional tax measures of Rs500-600 billion,” the analysis estimated.

Revenue measures expected include a change in the GST calculation price of sugar, the likely introduction of taxes on pension, retailers and wholesalers and a likely increase in federal excise duty on cigarettes, fertilizer products and pesticides by 500bps. A tax on the income of freelancers, vloggers and YouTubers is also expected.

“Government is expected to announce some relief measures namely (1) extension in exemption limit on salary or reduction of tax rate by 2.5% for all salary brackets, (2) rationalization of duties on trade, (3) likely housing finance subsidy, (4) inflation adjustment in minimum salary and unconditional cash transfer, and (5) some rationalization in super tax,” the analysis said.

It said the government would reportedly set a GDP growth target of 3.5-4.5% “while we expect GDP growth target for FY26 at 3.5-4.0% led by services.”

The analysis predicted the budget was likely to be neutral for the stock market in the short-term, neutral to positive for cement, steel, oil and gas, consumers, and independent power producers, and neutral for oil marketing firms, IT, banks, pharma, autos and textile.

Pakistan’s 37-month $7 billion IMF loan program, approved on Sept. 25, 2024, aims to build resilience and enable sustainable growth. Key priorities include entrenching macroeconomic sustainability through implementation of sound macro policies, including rebuilding international reserve buffers and broadening of the tax base; advancing reforms to strengthen competition and raise productivity and competitiveness; reforming state-owned enterprises and improving public service provision and energy sector viability; and building climate resilience.

Highlighting progress in Pakistani policies to stabilize the economy, the IMF said earlier this month when it approved the latest tranche that Pakistan’s fiscal performance had been strong, with a primary surplus of 2.0% of GDP achieved in the first half of FY25, keeping Pakistan on track to meet the end-FY25 target of 2.1% of GDP.

“Inflation fell to a historic low of 0.3% in April, and progress on disinflation and steadier domestic and external conditions, have allowed the State Bank of Pakistan to cut the policy rate by a total of 1100 bps since June 2025,” the IMF added.

“Gross reserves stood at $10.3 billion at end-April, up from $9.4 billion in August 2024, and are projected to reach $13.9 billion by end-June 2025 and continue to be rebuilt over the medium term.”