In Pakistan’s Gilgit city, new women’s market is ‘one-stop shop’ for gems and handicrafts

Razia Asif, an entrepreneur, poses for a picture at her shop at the Gems and Handicraft Market on September 30, 2023, in Gilgit, Pakistan. (AN Photo)
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Updated 01 October 2023
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In Pakistan’s Gilgit city, new women’s market is ‘one-stop shop’ for gems and handicrafts

  • Riverside market in Gilgit was inaugurated in August to develop tourism and economically empower local women
  • With 24 shops, market has a wide variety of handmade products that showcase the rich cultural heritage of the region

GILGIT: Every day at the break of dawn, 28-year-old Haseena Farman unlocks her riverside shop of handcrafted shawls, sweaters, gemstones and decorative items and waits for customers.

Business has been going well since she opened the store in a recently inaugurated, eco-friendly women’s market that has become a godsend for women entrepreneurs in the mountainous northern city of Gilgit.

The market, which was inaugurated in August and has 24 shops so far, is a joint project of the Gilgit Development Authority and the Women Chamber of Commerce and Industry and has, in the words of businesswomen like Farman, given them a “special place” of trade in a region where, like many other parts of Pakistan, cultural and religious norms and social expectations act as barriers to prevent women’s entry into the business sector.

According to Gilgit-Baltistan’s Education Department, the female literacy rate in the area has been recorded at 41 percent while the male literacy rate has been recorded at 66 percent. Despite high literacy rates, women form only 15.5 percent of the labor force in Gilgit-Baltistan, according to data by the Agha Khan Rural Support Network, a non-profit company. 

“Earlier, we [women] didn’t have a special space [to sell our products],” Farman told Arab News. “I used to make these items for my cousins, relatives and sisters … After the opening of this market, we have got a proper setup.”




The photo taken on September 30, 2023 shows a shop at the Gems and Handicraft Market in Gilgit, Pakistan. (AN Photo)

“So far, it’s going well and I hope it will also continue to be like this in the future.”

Razia Asif, another female entrepreneur at the market who sells gems, jackets and decorative items, said she used to sell her goods from home until the market launched. 

“We opened this shop a month ago,” she said. “We have been given the opportunity by the government to bring our products to market.”

Speaking to Arab News, GDA director Sajid Wali described the market as a “one-stop shop” to buy local handicrafts, gemstones, dried fruits and traditional cuisines at affordable rates while enjoying a beautiful riverside view.

Wali also hoped, he said, that the market would serve both as a bustling tourist spot in the near future while empowering women of the region at the same time.

“We know the women of Gilgit-Baltistan have the skills,” he said.




The photo taken on September 30, 2023 shows a videw of the Gems and Handicraft Market in Gilgit, Pakistan. (AN Photo)

“However, only a limited number of products prepared by them reach our markets due to lack of opportunities. Their [home-based] businesses don’t run very smoothly all the time. We know these things and have tried to bring these women into a proper retail market.”

Mubareka Gul, an executive member of the Women Chamber of Commerce and Industry in Gilgit division, said women of the area previously found it difficult to market and sell their goods.

“For the first time in history [in Gilgit], women can run these businesses in a friendly environment under tight security,” she said. “This is a family market and families come and visit this place.”

“The women trained by us, who did not have direct market access, have become successful due to the government of Gilgit-Baltistan and the Women Chamber of Commerce,” Gul added. “We hope that this market will become a business hub.”

Gul urged the public to visit the newly inaugurated trade center with family members and explore the products being sold.

“I have visited this market two, three times,” Sultana Karim, a visitor, told Arab News as she bought cushions for her drawing room. 

“Each time it is a pleasure to come here because a variety of products are available.”


Pakistan to privatize all state-owned entities except ‘strategically important’ ones— PM Sharif

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Pakistan to privatize all state-owned entities except ‘strategically important’ ones— PM Sharif

  • Finance Minister Aurangzeb last week said there is “no such thing as strategic” public entities
  • PM Sharif urges privatization process of state-owned enterprises to be broadcast live for transparency

KARACHI: Prime Minister Shehbaz Sharif announced on Tuesday that his government would privatize all state-owned enterprises (SOEs) except for those deemed “strategically important” or essential ones, state-owned media reported, as Islamabad looks to overhaul its public entities to improve their performance. 

The announcement is in direct conflict with Finance Minister Muhammad Aurangzeb’s statement from Sunday in which he said that all public entities would be handed over to the private sector. The minister had said he and Deputy Prime Minister Ishaq Dar were on the same page that “there is no such thing as a strategic SOE.” 

Former finance minister Dar had chaired a meeting of the Cabinet Committee on Privatization on May 10 in which he had said the government’s business would only be limited to essential or strategic SOEs. Dar said while priority would be accorded to loss-making entities, even SOEs who were earning profits would be considered for privatization. 

PM Sharif chaired a high-level meeting on matters related to the Ministry of Privatization and Privatization Commission on Tuesday, the state-run Radio Pakistan reported. 

“Prime Minister Shehbaz Sharif has announced to privatize all government-owned enterprises with the exception of strategically important state-owned enterprises,” Radio Pakistan said. “The Prime Minister directed all federal ministries to take necessary action in this regard and cooperate with the Privatization Commission.”

The report did not specify which SOEs he deemed strategically important ones. 

Pakistan agreed to overhaul its public entities under a $3 billion financial bailout agreement it signed with the International Monetary Fund (IMF) last year, a deal that helped it avert a sovereign debt default in 2023. The IMF has said Pakistan’s SOEs whose losses are burning a hole in government finances would need stronger governance. Pakistan is currently negotiating with the international lender for a larger, longer program for which it must implement an ambitious reforms agenda, including the privatization of debt-ridden SOEs.

Among the main entities Pakistan is pushing to privatize is its national flag carrier, the Pakistan International Airlines (PIA). The government is putting on the block a stake ranging from 51 percent to 100 percent.

Sharif instructed authorities to ensure transparency in the privatization process of all state-owned entities, including the PIA. 

“He directed to televise live Pakistan International Airlines Company Limited’s privatization including bidding and other important steps,” Radio Pakistan said. “The process of privatization of other institutions will also be broadcast live.”
The prime minister was informed that the pre-qualification process for PIA’s privatization would be completed by the end of May. He was told loss-making SOEs would be privatized on priority and that a “pre-qualified panel of experts” is being appointed in Pakistan’s Privatization Commission to speed up the process. 
Separately, Aurangzeb chaired a meeting of the Cabinet Committee on State-Owned Enterprises on Monday which was attended by ministers of maritime affairs, economic affairs, housing and works, the governor of Pakistan’s central bank and other officials. The meeting was held to evaluate the performance of the country’s public entities and review the progress of the government’s privatization agenda. 
Aurangzeb directed concerned ministries and divisions to submit proposals for the categorization of their respective public entities by May 20. The step is aimed at reviewing the rationale for retaining any commercial functions within the public sector, the finance ministry said. 

“The objective is to retain only the essential functions within the public sector & to assign the remaining functions to the private sector,” it said. “At the same time the entities which remain in public sector have to be more competitive, accountable, and responsive to the needs of citizens.”

Participants agreed to foster transparency, efficiency, and sustainable growth within the SOEs, reflecting the government’s dedication to ensuring the optimal utilization of public resources, the ministry said. 


Pakistan face dangerous Ireland in T20I series decider today

Updated 49 min 11 sec ago
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Pakistan face dangerous Ireland in T20I series decider today

  • Buoyed by stellar performances from Rizwan, Fakhar Zaman, Pakistan beat Ireland on Sunday to level series 1-1
  • After Ireland series, Pakistan will head to England for four-match T20 series as preparation before T20 World Cup

ISLAMABAD: Pakistan will face a dangerous Ireland cricket team today, Tuesday, in the third and final T20 match of the series between the two teams in Dublin, as both sides look to gain momentum with less than a month to go before the World Cup kicks off in June. 

The visitors were shocked by minnows Ireland last week when they lost in the series opener on Friday. However, the South Asian country bounced back in the second T20I on Friday, beating Ireland by seven wickets in a match that saw stellar performances from Mohammad Rizwan, Fakhar Zaman, Shaheen Shah Afridi and a late blitz from Azam Khan. 

“The third and last T-20 between Pakistan and Ireland will be played at Dublin today,” state-run Radio Pakistan reported. “The match will start at 7:00 p.m. Pakistan Standard Time.”

Pakistan and Ireland are both in Group A of the upcoming ICC Men’s T20 World Cup 2024 in the West Indies and the USA. They will face each other in the tournament on 16 June, Sunday, in Florida. Ireland have given Pakistan a tough time in the series, losing the second match after taking early breakthroughs and handing skipper Babar Azam’s side an impressive 194-run target. 

Pakistan’s bowling attack, considered its main strength which features the likes of Shaheen Shah Afridi, Naseem Shah and Mohammad Amir, has been in the spotlight for conceding too many runs and failing to trouble the Irish batters much. 

Separately, Cricket Ireland on Monday officially confirmed a first men’s tour of Pakistan in August and September in 2025. The series will see both countries play three T20Is and three ODIs against each other. It was part of the Future Tours Programme (FTP) of the ICC scheduled for September 2025.

The decision was finalized after Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi met Cricket Ireland Chairman Brain MacNeice. A statement released by the PCB, however, did not mention any dates and venues for the schedule of the series. It follows in the wake of Ireland Women touring Pakistan, who also played three ODIs and three T20Is in November 2022.

The Pakistan men’s team will head to England for a four-match T20I series after the third T20I against Ireland. Following the England series, with matches scheduled at Headingley (22 May), Birmingham (25 May), Cardiff (28 May), and The Oval, London (30 May), both England and Pakistan will head to the US for the ICC Men’s T20 World Cup 2024. 

England will face Scotland in Barbados on June 4 in their opening match, while Pakistan will launch their campaign against the United States (US) in Dallas on June 6. Pakistan will take on arch-rivals India on June 9 in New York which is set to be one of the most anticipated clashes of the T20 World Cup.

Squads:

Ireland: Paul Stirling (captain), Mark Adair, Ross Adair, Andrew Balbirnie, Curtis Campher, Gareth Delany, George Dockrell, Graham Hume, Barry McCarthy, Neil Rock, Harry Tector, Lorcan Tucker, Ben White, Craig Young

Pakistan: Babar Azam (captain), Abrar Ahmed, Azam Khan, Fakhar Zaman, Haris Rauf, Hasan Ali, Iftikhar Ahmed, Imad Wasim, Mohammad Abbas Afridi, Mohammad Amir (unavailable for first T20I), Mohammad Rizwan, Muhammad Irfan Khan, Naseem Shah, Saim Ayub, Salman Ali Agha, Shadab Khan, Shaheen Shah Afridi and Usman Khan
 


US study group urges Washington to address growing threats from Pakistan, Afghanistan

Updated 14 May 2024
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US study group urges Washington to address growing threats from Pakistan, Afghanistan

  • Study group led by US policymakers say extremist groups gaining strength in ways that threaten America, allied interests
  • Group calls on US to work with Pakistan again on fighting militants, securing long-term access to Pakistani airspace 

Washington: The United States must move on from the “trauma” of two decades of war and step up counterterrorism efforts to face growing threats from Afghanistan and Pakistan, a study said Tuesday.

The study group, led by former senior US policymakers, made clear it was not advocating a return to America’s longest war which ended when President Joe Biden pulled troops from Afghanistan in 2021 and the Taliban regained control.

But it said that, after the overwhelming focus on counterterrorism following the September 11, 2001 attacks, the pendulum “appears to have swung in the opposite direction” as the United States focuses on competition with China, Russia’s invasion of Ukraine and Israel’s war on Hamas. 

“Both decision-makers and many who have labored within the national security agencies show signs of something like collective trauma resulting from a 20-year-long counterterrorism effort,” said the study group, convened in 2022 under the US Institute of Peace.

“The tragic end of US involvement in Afghanistan has also made it a toxic issue, reinforcing inclinations to keep the region off the policy agenda and the public’s radar,” it said.

But it said that extremist movements are “gaining strength in ways that threaten US and allied interests” and have found a “range of new opportunities for regrouping, plotting and collaborating” in Afghanistan.

It pointed to the Daesh, Taliban rivals who have nonetheless found a haven in Afghanistan and were implicated in a major attack in March in Moscow, and the Tehreek-e-Taliban Pakistan, which has been waging an armed campaign against Islamabad.

The report called on the United States to be “less restrictive” on the use of force against threats in Afghanistan — not a return to conventional war but pursuing military action against direct threats identified to the United States.

It also called for the United States to consider “shows of force” such as flying drones to pressure Taliban leaders to sever persistent ties with Al-Qaeda.

Noting a drop in US intelligence and capabilities since the withdrawal, the study called for the United States again to work with Pakistan, including on fighting militants and securing long-term US access to Pakistani airspace.

Pakistan became a top US aid recipient during the Afghanistan war but US officials long believed that Islamabad was playing a double-game and keeping the Taliban alive.

The Biden administration has shown little interest in engaging Pakistan, an inclination not helped by the tumultuous politics inside the world’s fifth most populous country.

“You’ve got a lot of people currently serving at the highest levels of the US government who have a strong distaste for Pakistan based on experience during the 20 years in Afghanistan,” said Laurel Miller, co-chair of the study group, who served as the US special representative for Afghanistan and Pakistan and now heads The Asia Foundation.

“There’s a strong feeling of Pakistan having been disingenuous, to say the least, with the United States,” she told AFP.

“But there are certain immutable realities, which include that Pakistan is next door to Afghanistan, which currently is a sanctuary for terrorist groups,” she said.

“So I think there’s just no choice other than to have a kind of relationship with Pakistan that enables the US to protect its own interests in the region.”

She said that US policy on Pakistan was also affected by the “zero-sum view” of India, a growing partner of Washington which has long criticized US ties with its neighbor and historic adversary.

The study called for the United States to make clear to Pakistan “serious negative repercussions” if militants based in the country again attack India.

The report’s other co-chair was Michael Nagata, a retired army lieutenant general with experience in counterterrorism.

Other members of the group included Anne Patterson and Michael McKinley, former US ambassadors to Pakistan and Afghanistan respectively, and prominent scholars.


Pakistan vows to foster efficiency, sustainable growth in public entities amid privatization push

Updated 14 May 2024
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Pakistan vows to foster efficiency, sustainable growth in public entities amid privatization push

  • Finance minister chairs cabinet committee meeting to review privatization agenda of public entities
  • Pakistan agreed to overhaul loss-making entities in exchange for a financial bailout from IMF last year

KARACHI: Key ministers of the government, including Finance Minister Muhammad Aurangzeb this week vowed to ensure efficiency and sustainable growth in Pakistan’s public entities as Islamabad moves to privatize state-owned enterprises (SOEs) that have accumulated losses worth billions over the years. 

Pakistan agreed to overhaul its public entities under a $3 billion financial bailout agreement it signed with the International Monetary Fund (IMF) last year, a deal that helped it avert a sovereign debt default in 2023. The IMF has said Pakistan’s SOEs whose losses are burning a hole in government finances would need stronger governance. Pakistan is currently negotiating with the international lender for a larger, longer program for which it must implement an ambitious reforms agenda, including the privatization of debt-ridden SOEs.

Among the main entities Pakistan is pushing to privatize is its national flag carrier, Pakistan International Airlines (PIA). The government is putting on the block a stake ranging from 51 percent to 100 percent.

Aurangzeb chaired a meeting of the Cabinet Committee on State-Owned Enterprises on Monday which was attended by ministers of maritime affairs, economic affairs, housing and works, the governor of Pakistan’s central bank and other officials. The meeting was held to evaluate the performance of the country’s public entities and review the progress of the government’s privatization agenda. 

“The meeting concluded with a commitment to fostering transparency, efficiency, and sustainable growth within the State-Owned Enterprises, reflecting the government’s dedication to ensuring the optimal utilization of public resources,” the finance ministry said. 

Aurangzeb directed concerned ministries and divisions to submit proposals for the categorization of their respective public entities by May 20. The step is aimed at reviewing the rationale for retaining any commercial functions within the public sector, the ministry said. 

“The objective is to retain only the essential functions within the public sector & to assign the remaining functions to the private sector,” it said. “At the same time the entities which remain in public sector have to be more competitive, accountable, and responsive to the needs of citizens.”

The finance minister noted that there were gaps in the governance and financial management of some companies which needed to be addressed. He directed the vacancies on the Board of Directors (BoD) of some companies to be filled and for others to have their accounts audited. 

“The Chairman emphasized that continued losses & fiscal haemorrhage had to be stopped as a national priority,” the finance ministry said. “Therefore SOEs restructuring & privatization agenda needed to be expedited in order to improve the efficiency of these entities.”
 
Prime Minister Shehbaz Sharif has assured the business community that the privatization process would be a transparent one and has warned the country’s bureaucracy that the government would not tolerate any delays in it. 


Pakistani fintech JazzCash partners with UAE’s du Pay for cross-border payments

Updated 14 May 2024
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Pakistani fintech JazzCash partners with UAE’s du Pay for cross-border payments

  • du Pay, licensed by the UAE central bank, offers international money transfers, mobile top-ups, bill payments and salary deposits
  • JazzCash says both firms will explore new avenues of cooperation, leveraging their strengths to expand JazzCash’s footprint in UAE

KARACHI: JazzCash, a leading Pakistani fintech organization, on Monday announced its partnership with Emirati financial services provider, du Pay, for cross-border payments.

The signing of a memorandum of understanding (MoU) marked the “first-ever” collaboration between a Pakistani fintech organization and du Pay to simplify the transfer of payments from the United Arab Emirates (UAE) to Pakistan, according to JazzCash.

The Gulf nation hosts a vast Pakistani expatriate community and holds the distinction of being the second-largest contributor of remittances to Pakistan after Saudi Arabia, with $548 million transferred to Pakistan in March alone.

Aamir Ibrahim, CEO of Jazz, the parent company of JazzCash, said remittances from Pakistani expats were vital to Pakistan and this collaboration would help ensure these contributions had a lasting impact on Pakistan’s economic stability.

“We are committed to using technology to enhance financial inclusion,” Ibrahim was quoted as saying in a JazzCash statement. “Our partnership with du Pay simplifies payments for Pakistanis everywhere, emphasising our role in boosting economic growth.”

du Pay, licensed by the UAE central bank, offers a diverse suite of services, including international money transfers, peer-to-peer (P2P) transfers, mobile top-ups, bill payments, and salary deposits through an IBAN, according to the statement.

As strategic allies, both firms will be exploring new avenues of cooperation, leveraging their strengths to drive innovation and expand JazzCash’s footprint in the UAE markets.

“As a leading digital telco, we are committed to delivering exceptional services and solutions to our customers, and we believe this partnership between du Pay and JazzCash, a leading mobile money operator in Pakistan, will ensure streamlined customer experience with great benefits,” said Fahad Al Hassawi, CEO of du.

“du Pay will offer a simplified and secure digital service that will advance financial inclusion and positively impact the lives of Pakistani nationals.”