Pakistan minister meets IDB chief, proposes Islamabad as regional hub

Pakistan’s Minister for Economic, Mohammad Hammad Azhar, met with the President of the Islamic Development Bank (IDB), Dr Bandar Al-Hajjar in Jeddah on December 05, 2019. (Photo by Consulate General of Pakistan in Jeddah)
Updated 05 December 2019
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Pakistan minister meets IDB chief, proposes Islamabad as regional hub

  • Islamabad also hosts regional offices for World Bank and Asia Development Bank
  • IDB chief agrees to mount mission to further progress on issues of policy matters under reference

ISLAMABAD: Pakistan’s Minister for Economic Affairs, Mohammad Hammad Azhar, met with the President of the Islamic Development Bank (IDB), Dr. Bandar Al-Hajjar in Jeddah on Thursday and proposed restoration of IDB’s budgetary support program in Pakistan
Azhar is currently in Jeddah to attend a seminar organized by the International Islamic Trade Finance Corporation.
“Minister impressed upon the IDB chief to scale up the Bank’s portfolio in Pakistan which is one of the largest economies in the Islamic world,” Consulate General of Pakistan in Jeddah said in a statement.




Pakistan’s Minister for Economic, Mohammad Hammad Azhar, met with the President of the Islamic Development Bank (IDB), Dr Bandar Al-Hajjar in Jeddah on December 05, 2019. (Photo by Consulate General of Pakistan in Jeddah)

The Paksistani minister invited the IDB chief to establish the Bank’s regional hub and gateway office in Islamabad citing the ongoing vital economic projects in the country and the strategic geo-political location of Pakistan. The Pakistani capital also hosts regional hubs of ADB and World Bank.
Azhar also proposed restoration of IDB’s budgetary support program in Pakistan through budgetary financing facilities that will strengthen the country’s exchange reserves.
“During the meeting, the Minister underscored the important role played by IDB in funding vital economic projects in Pakistan including the current 5 on-going projects,” the statement added.
Al-Hajjar for his part said that the IDB attached great importance to Pakistan which was an important member of the Organization of Islamic Cooperation (IOC).
“IDB welcomes the core suggestions for revitalization of IDB and will mount mission, to further progress on issues of policy matters under reference,” the statement quoted the IDB chief as saying.
Al-Hajjar visited Pakistan earlier and held important meetings. “He expressed satisfaction on economic policies of Pakistan. He told that Pakistan has been placed in country support program by IDB,” the consulate said.


Sindh assembly passes resolution rejecting move to separate Karachi

Updated 6 sec ago
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Sindh assembly passes resolution rejecting move to separate Karachi

  • Chief Minister Shah cites constitutional safeguards against altering provincial boundaries
  • Calls to separate Karachi intensified amid governance concerns after a mall fire last month

ISLAMABAD: The provincial assembly of Pakistan’s southern Sindh province on Saturday passed a resolution rejecting any move to separate Karachi, declaring its territorial integrity “non-negotiable” amid political calls to carve the city out as a separate administrative unit.

The resolution comes after fresh demands by the Muttahida Qaumi Movement (MQM) and other voices to grant Karachi provincial or federal status following governance challenges highlighted by the deadly Gul Plaza fire earlier this year that killed 80 people.

Karachi, Pakistan’s largest and most densely populated city, is the country’s main commercial hub and contributes a significant share to the national economy.

Chief Minister Syed Murad Ali Shah tabled the resolution in the assembly, condemning what he described as “divisive statements” about breaking up Sindh or detaching Karachi.

“The province that played a foundational role in the creation of Pakistan cannot allow the fragmentation of its own historic homeland,” Shah told lawmakers, adding that any attempt to divide Sindh or separate Karachi was contrary to the constitution and democratic norms.

Citing Article 239 of Pakistan’s 1973 Constitution, which requires the consent of not less than two-thirds of a provincial assembly to alter provincial boundaries, Shah said any such move could not proceed without the assembly’s approval.

“If any such move is attempted, it is this Assembly — by a two-thirds majority — that will decide,” he said.

The resolution reaffirmed that Karachi would “forever remain” an integral part of Sindh and directed the provincial government to forward the motion to the president, prime minister and parliamentary leadership for record.

Shah said the resolution was not aimed at anyone but referred to the shifting stance of MQM in the debate while warning that opposing the resolution would amount to supporting the division of Sindh.

The party has been a major political force in Karachi with a significant vote bank in the city and has frequently criticized Shah’s provincial administration over its governance of Pakistan’s largest metropolis.

Taha Ahmed Khan, a senior MQM leader, acknowledged that his party had “presented its demand openly on television channels with clear and logical arguments” to separate Karachi from Sindh.

“It is a purely constitutional debate,” he told Arab News by phone. “We are aware that the Pakistan Peoples Party, which rules the province, holds a two-thirds majority and that a new province cannot be created at this stage. But that does not mean new provinces can never be formed.”

Calls to alter Karachi’s status have periodically surfaced amid longstanding complaints over governance, infrastructure and administrative control in the megacity, though no formal proposal to redraw provincial boundaries has been introduced at the federal level.