Pakistan will only partner with peace, Khan says in Davos speech

Pakistan's Prime Minister Imran Khan delivers a speech at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. (AFP)
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Updated 23 January 2020

Pakistan will only partner with peace, Khan says in Davos speech

  • The sooner there is peace in Afghanistan, the better it would be for the region – PM Khan
  • Pakistan ‘would not become part of any other conflict,’ he said

ISLAMABAD: Pakistani Prime Minister Imran Khan in his speech on Wednesday told delegates at the World Economic Forum (WEF) in Davos how maintaining peace was in Pakistan’s best interests in terms of its economy and geopolitics.

Khan chronicled the scourge of militancy and terrorism which became his country’s biggest impediment to growth when it partnered with the US during the Soviet-Afghan war and again in the war against terror post 9/11.

“That was a watershed for Pakistan. For economic growth, you need peace and stability and order. Militancy became an impediment. Once I came into power, I decided Pakistan will only partner with peace. We will not become part of any other conflict.”

He pointed out that Pakistan now favored dialogue. “We have tried to ease tensions between the US and Iran and to facilitate the peace process in Afghanistan.”

Following the keynote speech, WEF president Børge Brende held a brief question and answer session with Khan, during which the premier said that “2019 was the safest year in Pakistan.” 

He praised Pakistani security forces for halting the spread and rise of militancy. “I have to pay tribute to our security forces for crushing terrorism. The terrorism is coming from Afghanistan and the sooner there is peace in Afghanistan, it would benefit the region ... that can only happen if the Taliban and Afghan government sit together.”

He further highlighted Pakistan’s stance that Afghan peace must be achieved through dialogue, not military efforts. “I do not understand why countries go to resolve differences through military conflicts. When you start a conflict, you don’t know when it will finish ... US and Afghan war has cost trillions,” he said.

With regard to ongoing tensions between Iran and the US, Khan said that a war between them “would be a disaster for the world. Suddenly, everything will be offset, and God knows how long it will go on. We have spoken to Saudi Arabia and (the) United States. I spoke to (Donald) Trump that this conflict would be disastrous.”

When asked what the US president’s response was, Khan smiled and said that Trump “didn’t say anything.”

In the keynote speech, the premier also pointed to improving state institutions and making the issue of addressing climate change one of his top priorities through reforestation. 

“As a child, I fell in love with the wilderness, nature, and mountains of Pakistan. If I ever got the opportunity, I would preserve the nature of this country and start a reforestation campaign,” said Khan, who achieved his goal of planting 1 billion trees before coming to power.

Noting that Pakistan was vulnerable to climate change and that pollution had become a “silent killer,” he added that his next objective was to plant 10 billion trees over the next four years.

Concluding his speech, Khan added that Pakistan had great “mineral wealth” and its gold and copper reserves alone could pay off the country’s inflated foreign debt. China was also helping Pakistan to develop its “very fertile agriculture land.”

Khan also held bilateral meetings with several world leaders on the sidelines of the forum, including the US president.

This year marks the 50th anniversary of the WEF and the Pakistani premier is visiting Davos on the invitation of Prof. Klaus Schwab, the forum’s founder and executive chairman.


Saudi Arabia to restore Pakistan’s pre-coronavirus quota of Hajj pilgrims in 2023 — official

Updated 15 sec ago

Saudi Arabia to restore Pakistan’s pre-coronavirus quota of Hajj pilgrims in 2023 — official

  • Over 179,210 Pakistanis will be able to perform Hajj in 2023, says government official 
  • Written agreement to be signed next month during Hajj conference in Jeddah, he says

ISLAMABAD: Saudi Arabia would increase Pakistan’s quota of pilgrims for next year's Hajj pilgrimage to almost 180,000, as the kingdom seeks to revive the old Hajj quota of countries around the world to pre-pandemic levels, a senior official of Pakistan’s religion ministry confirmed on Wednesday. 

The Hajj is a spiritual journey that every Muslim adult must undertake once in his lifetime, to the holy sites in Makkah and Madinah, if he is financially and physically able to do so. It is one of the important five pillars of Islamic faith.

At the height of the coronavirus pandemic in 2020, the Hajj was restricted to just 1,000 local residents. Last year, the kingdom limited the pilgrimage to 60,000 domestic participants, compared with the pre-coronavirus pandemic figure of 2.5 million.

For this year’s Hajj, Saudi Arabia allowed 1 million people from both within and outside the kingdom to perform the pilgrimage. These included 83,132 Pakistani pilgrims. 

Secretary Religious Affairs, Aftab Akbar Durrani, told Arab News that Pakistan received a “verbal intimation” last week from a Saudi delegation, in a virtual meeting, that Pakistan's quota for Hajj pilgrims would be increased.

The Saudi delegation was led by Dr. Abdulfattah bin Sulaiman Mashat, Saudi deputy minister for Hajj and Umrah.

“They [Saudi officials] have informed us that they are reviving the old Hajj quota for the whole world including Pakistan,” Durrani said. 

After the revival of the pre-coronavirus Hajj quota, over 179,210 Pakistanis would be able to perform the pilgrimage next year, he said. However, Durrani added that Pakistan is yet to receive written confirmation from the Saudi authorities. 

“The written agreement will be signed in this regard with the Saudi government during a Hajj conference which is taking place next month on January 9 in Jeddah,” Durrani said.

Durrani added that either Pakistan’s religious affairs minister or he would represent Pakistan at the conference where all Hajj-related details would be finalized with the kingdom’s officials.

“We are also trying to reduce Hajj expenses for pilgrims which will also be finalized during the visit,” the official added.


Japan announces $38.9 million grant for Pakistan’s flood victims

Updated 07 December 2022

Japan announces $38.9 million grant for Pakistan’s flood victims

  • Floods in Pakistan earlier this year killed over 1,700, demolished millions of homes
  • Japan says will support Pakistan’s floods victims with international organizations

ISLAMABAD: Japan announced a grant assistance of $38.9 million for Pakistan as part of the country’s efforts to deliver life-saving aid to flood victims, the Japanese embassy in Pakistan announced on Tuesday.

Unusually heavy rains and melting glaciers during the monsoon season in Pakistan this year triggered flash floods in many parts of the country. Over 1,700 people were killed while millions of houses were swept away by raging currents.

The floods, as per Pakistan’s estimates, inflicted losses of up to $30 billion on the country. Millions were displaced from their homes while thousands continue to suffer from water-borne and vector-borne diseases.

Pakistan has appealed to the international community for aid to mitigate the massive losses caused to it by the floods.

“On December 2, the Government of Japan announced its plan to provide grant assistance of USD 38.9 million to Pakistan as part of Japan’s supplementary budget to deliver life-saving aid to the flood victims,” the Embassy of Japan in Pakistan said in a statement.

It said Japan would support flood victims in various social and economic dimensions in partnership with international organizations across Pakistan’s four provinces and in its capital city, Islamabad.

The embassy said an amount of $34.2 million would be provided for emergency medical assistance, food distribution, agriculture and livestock restoration, livelihood recreation, and gender-based violence risk mitigation and response.

“In order to ensure the rapid rollout to reach the most vulnerable, these projects will commence in January 2023,” it added.

Japan, the embassy said, would also provide support through JICA, equivalent to USD 4.7 million, for recovery from the floods in health, agriculture, education, gender, and resilient disaster management.


Pakistan could be world’s sixth largest economy by 2075— Goldman Sachs report

Updated 07 December 2022

Pakistan could be world’s sixth largest economy by 2075— Goldman Sachs report

  • China to overtake US as world’s largest economy by 2050, report says
  • Climate catastrophe, populist nationalists in power risk to projections

ISLAMABAD: Pakistan could be the sixth largest economy in the world by 2075, according to a report compiled by renowned US investment banking firm Goldman Sachs earlier this week.

Titled ‘The Path to 75’, the research report predicts the state of the global economy in the decades to come and goes as far as 2075. 

According to the report, China will dethrone the US in 2050 to become the largest economy in the world. However, by 2075, the report predicts the largest economies in the world would be China, India, the US, Indonesia, Nigeria and Pakistan.

“By 2075, with the appropriate policies and institutions, Nigeria, Pakistan and Egypt could be among the world’s largest economies,” it stated. The prediction regarding Pakistan’s growth was made due to the country’s population growth in the years to come.

The report warned, however, that climate catastrophes and populist leaders were risks to its projections.
It added that populist nationalists in power may lead to increased protectionism that could potentially result in the reversal of globalization which could increase income inequality across countries.

Furthermore, Goldman Sachs predicted that global growth will average just under 3 percent a year over the next decade, down from 3.6 percent in the decade before the financial crisis. The report said that global growth would be on a gradually declining path afterwards, reflecting a slowing of the labor force growth.

In another key projection, the report said that emerging markets would continue to converge with industrial nations as China, the US, India, Indonesia and Germany top the league table of the largest economies when measured in dollars.

Nigeria, Pakistan and Egypt could also be among the biggest, it added.


Saudi Arabia committed to averting Pakistan’s economic crisis— ex-envoy Ali Asseri

Updated 07 December 2022

Saudi Arabia committed to averting Pakistan’s economic crisis— ex-envoy Ali Asseri

  • Pakistani PM has ability, courage and will to take country forward, ex-Saudi envoy says
  • Ambassador highlights ongoing ‘major transformation’ in Pak-Saudi economic relations

Saudi Arabia is committed to rescuing Pakistan’s economy and help the country achieve political and economic stability, Dr. Ali Awadh Asseri, Saudi Arabia’s former ambassador to Pakistan, said on Wednesday.

The statement from the ex-Saudi envoy comes at a time when the South Asian nation reels from dwindling foreign exchange reserves, a depreciating currency and a ballooning current account deficit amid soaring inflation.

To make matters worse, torrential rains in mid-June triggered flash floods across the country, killing over 1,700, destroying millions of homes and washing away large swathes of crops. Pakistan estimates losses from the climate disaster to be over $30 billion.

Speaking at the Islamabad Conclave organized by the Institute of Strategic Studies, Asseri said it was crucial for Pakistan to achieve economic stability as it brings about political stability and can help Pakistan safeguard its national security.

“This is clear from Crown Prince Mohammed bin Salman’s personal resolve for not only addressing Pakistan’s immediate financial needs but also guaranteeing long-term investments in the energy sector,” he said.

Asseri said PM Shehbaz Sharif has the “ability, courage and will” to take Pakistan forward. “He can count on the Saudi nation and its leadership for whatever support is needed for economic and political stability,” he added.

Asseri pointed out that the Saudi Vision 2030 offered “enormous opportunities” for Pakistan’s trade and investment relationship with the kingdom. He said it was a chance for the South Asian nation to employ its skilled manpower in mega development projects.

He said a major transformation is underway in Pak-Saudi economic relations. Asseri said Riyadh was eyeing long-term investments in Pakistan.

“The Saudi leadership is committed to $20 billion dollars investment in refinery, petrochemical complex, mining and renewable energy projects in Pakistan,” he said.


Babar Azam reclaims number 3 position in ICC Test batter rankings

Updated 07 December 2022

Babar Azam reclaims number 3 position in ICC Test batter rankings

  • Babar Azam scored 136 runs in Pakistan’s first innings against England
  • Australia’s Marnus Labuschagne secures top spot in Test batter’s ranking

ISLAMABAD: Pakistan’s all-format captain Babar Azam on Wednesday reclaimed the third spot in the ICC Men’s Test Batting Rankings, according to the International Cricket Council (ICC).

Azam, widely regarded as one of the best batters in international cricket today, is currently ranked at number 1 and number 4 on ICC’s ODI and T20I batters rankings. According to the latest update to the ICC rankings released on Wednesday, Azam reclaimed the number three spot he had lost with 879 points.

He scored an impressive 136 runs against England in Rawalpindi during the first Test match between Pakistan and England. However, Azam was unable to hold off the English bowling onslaught in the second innings, succumbing to 4 runs from 5 balls off a Ben Stokes delivery.

Pakistan ended up losing the match by 74 runs, earning flak from cricket analysts and pundits for their defensive approach. Stokes and the English side, on the other hand, won praise for playing attacking cricket and forcing a result out of a Test match that was headed for a certain draw.

Azam will have a chance to further move up the rankings as Pakistan take on England again in the second Test match of the series. The match will be played in Multan from December 9-13.

Meanwhile, Australia’s Marnus Lasbuschagne removed Joe Root to claim the top spot in the ICC’s Test Batter rankings.

Labuschagne registered scores of 204 and 104* against the West Indies during the first Test in Perth and that helped him take the top ranking and rise to a total of 935 rating points.

Currently, Australia’s Steven Smith is placed at number 2 with 893 points, followed by Azam with 879 points.