ISLAMABAD: Pakistani Prime Minister Imran Khan on Tuesday replied to a letter written by his Indian counterpart Narendra Modi, and said Islamabad desires peaceful relations with New Delhi, an official source told Reuters.
Modi had written to Khan on the occasion of Pakistan’s Republic Day on March 23, also calling for peaceful relations between the two nuclear-armed rivals.
Dated March 29, the letter wasn’t officially released by either side but the official, speaking on anonymity, confirmed its contents which were shared widely on social media.
“The people of Pakistan also desire peaceful, cooperative relations with all neighbors, including India,” Khan said in his reply, adding, “I thank you for your letter conveying greetings on Pakistan Day.”
Neither the Indian or Pakistani foreign ministries responded to requests for comment.
Pakistan’s Dawn newspaper quoted Modi’s letter on March 23, Modi as saying that “India desires cordial relations with the people of Pakistan” and “for this, an environment of trust, devoid of terror and hostility, is imperative.”
India and Pakistan have fought three wars and have shared a fractious relationship since the two gained independence in 1947, and in 2019 tensions rose dramatically as they sent combat planes into each other’s territory.
Pakistani army chief General Qamar Javed Bajwa has called on both the nations to bury the past after the militaries of both countries released a rare joint statement last month announcing a cease-fire along a disputed border in Kashmir.
India and Pakistan this month held the first meeting in three years of a commission on water rights from the Indus River in a further sign of rapprochement in relations frozen since 2019 during disputes over Kashmir.
The talks are the latest in both nations’ tentative efforts to re-engage after a 2019 suicide bomb in Indian Kashmir that New Delhi blamed on Pakistan-based guerrillas — Islamabad denies official complicity — and India’s move later that year to strip Kashmir’s constitutional autonomy.
Last month, India and Pakistan announced a rare agreement to stop firing on the bitterly-contested Kashmir border.
Pakistan PM replies to Indian counterpart Modi's letter
https://arab.news/w8smr
Pakistan PM replies to Indian counterpart Modi's letter
- Modi had written to Khan on the occasion of Pakistan's Republic Day on March 23
- The Indian PM had called for peaceful relations between the two nuclear-armed rivals
Climate disasters to shave 0.5% points off growth this year, Pakistan tells Riyadh forum
- Finance minister says Pakistan lacks resources to fund large-scale climate adaptation without external support
- Calls global climate funds “slow and bureaucratic” as vulnerable states struggle to access financing
ISLAMABAD: Pakistan’s finance minister said on Thursday increasingly severe floods are now routinely reducing the country’s economic growth, warning that this year’s climate disasters alone are expected to shave around half a percentage point off GDP as Islamabad presses global lenders to accelerate climate financing.
Speaking at the Global Development Finance Conference – Momentum 2025 in Riyadh, Finance Minister Muhammad Aurangzeb said Pakistan is facing a new economic normal in which climate shocks impose annual losses, strain fiscal resources and undermine its recovery from past balance-of-payments crises.
Pakistan is among the countries most exposed to climate-driven extremes, with the 2022 super-floods causing an estimated $30 billion in losses and renewed flooding this year again overwhelming provincial and federal budgets. Islamabad has created early-warning systems and emergency buffers, but Aurangzeb said adaptation costs far exceed domestic capacity and require faster external support.
“Our recent experience shows that climate change is an increasingly tangible and costly reality for Pakistan,” he told the Riyadh forum. “Pakistan expects to lose roughly half a percentage point of GDP growth this year, placing additional strain on an already challenged emerging economy.”
He said Pakistan’s commitment to macroeconomic stability, including building fiscal and external buffers, had allowed it to manage immediate rescue and relief operations from domestic resources. But long-term rehabilitation, he added, can only advance if global climate financing flows more quickly.
Aurangzeb criticized mechanisms such as the Green Climate Fund and Loss and Damage Fund for slow and bureaucratic disbursement processes that make it difficult for vulnerable countries to access urgently needed support. Pakistan, he said, has made more progress through multilaterals, including receiving the first $200 million tranche from the IMF’s Climate Resilience Fund.
The minister highlighted Pakistan’s new 10-year Country Partnership Framework with the World Bank announced this year, which allocates about $20 billion, with one-third earmarked for climate resilience and decarbonization.
Unlocking those funds, he stressed, now depends on Pakistan rapidly preparing “high-quality, bankable projects.”
REKO DIQ
The Riyadh panel, which included ministers from Jordan and Tajikistan and the head of the West African Development Bank, underscored that emerging economies face converging pressures from climate risk, tight fiscal positions and sluggish global growth. Speakers said unlocking blended finance, streamlining multilateral processes and mobilizing private capital will be essential for adaptation in the coming decade.
Aurangzeb also linked climate adaptation to broader economic strategy, describing the near-finalization of financing for Pakistan’s flagship $7 billion Reko Diq copper and gold mining project, where the International Finance Corporation is leading a syndicate and the US Export-Import Bank has joined as a major participant.
He said the mine is expected to generate export revenues equivalent to 10 percent of Pakistan’s current export base in its first year of commercial production in 2028, helping diversify a stagnant economy.
Responding to questions on geopolitical balancing, Aurangzeb said Pakistan would continue an “and-and” approach, maintaining ties with both the United States and China. He noted that China remains Pakistan’s largest development partner through the China-Pakistan Economic Corridor (CPEC), a flagship Belt and Road Initiative program that has financed power plants, highways and ports since 2013. He said CPEC Phase 2.0, launched this year, seeks to move beyond government-to-government infrastructure by attracting private investment and export-oriented industrial projects.
At the same time, he said Pakistan’s relationship with the United States had “significantly strengthened,” particularly in sectors such as critical minerals, advanced technologies and digital infrastructure.
His remarks came a day after Washington said the US Export-Import Bank had approved $1.25 billion in financing to support mining at the Reko Diq copper-and-gold project, with the package expected to enable up to $2 billion in US equipment and service exports.
Aurangzeb said Pakistan expected strong interest from US, Chinese, Gulf and other global investors as the project scales.
