Pakistan, Afghanistan open Chaman border crossing after nearly a month

Pakistan and Taliban flags are seen on their respective sides near Friendship gate at a border crossing point in Chaman, Pakistan on August 27, 2021. (AP/File)
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Updated 02 November 2021
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Pakistan, Afghanistan open Chaman border crossing after nearly a month

  • The Friendship Gate at Chaman is the second major border crossing between the two neighboring countries
  • Business community says the decision to close the border cost them about $857,000 in daily trade

ISLAMABAD: Pakistan and Afghanistan have opened the Friendship Gate at Chaman-Spin Boldak border crossing after about a month, Pakistan’s envoy to Kabul said on Tuesday.
The Chaman border crossing, which links Pakistan’s Balochistan province with Afghanistan’s Kandahar region, remained for nearly three weeks, though the authorities opened it for one day during this period to allow the movement of people on humanitarian grounds.
Local business community told Arab News last week the closure of Friendship Gate, one of Pakistan’s major border crossing points with Afghanistan, had cost them about Rs150 million ($857,942) per day due to the suspension of trade in the area.
The crossing is also a vital revenue source for Afghanistan’s cash-strapped government.
Pakistan’s ambassador to Afghanistan Mansoor Ahmed Khan announced in a Twitter post on Tuesday that Chaman-Boldak gate was now open and pedestrians and goods carrying vehicles had started crossing the border.
“We welcome Afghan fruit trucks moving to Pakistan,” he wrote. “Urge all concerned on both sides to devote their energies to ensure smooth movement of people & trucks.”

 

 

A day earlier, on Monday night, the ambassador said on the social media platform that “the two sides will ensure facilitative movement of people & trade/transit vehicles.”

 

 

The Pakistan-Afghanistan Joint Chamber of Commerce and Industry applauded the decision of the two countries in a statement after they opened the border to once again facilitate bilateral trade.
“The hiatus has caused huge financial losses and mental distress to border based businesses and farmers who witnessed ruining of their produce especially in this export season,” the trade body said, as it maintained “both sides must keep communication channels open to ensure that border remains open and a framework is developed to address routine as well as conditions arising out of force majeure closure of borders immediately.”
As Afghanistan sinks deeper into economic crisis, neighboring countries have become increasingly worried about a mass movement of refugees.
Pakistan’s foreign secretary Sohail Mahmood briefed Australia’s special representative on Afghanistan on urgent humanitarian and economic challenges facing Afghan people while stressing the need for immediate steps to alleviate their sufferings.
“The release of Afghanistan’s financial assets was another step that would be helpful in this regard,” the foreign office quoted him as saying in a statement.
The foreign secretary highlighted the measures taken by Pakistan to provide humanitarian assistance to the war-battered country, promote bilateral trade and economic cooperation, “regulate cross-border movement of people, foster further coordination among Afghanistan’s neighbors, and advance the regional connectivity projects.”


OIC’s COMSTECH joins hands with Pakistan hospital for eye surgeries in Somalia

Updated 29 February 2024
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OIC’s COMSTECH joins hands with Pakistan hospital for eye surgeries in Somalia

  • COMSTECH, Al-Shifa Eye Trust Hospital to set up free cataract eye surgery camp in Mogadishu from March 1-10
  • Initiative aims to eliminate “avoidable blindness” with free cataract eye surgeries to those in need, says state media

ISLAMABAD: The Organization of Islamic Cooperation’s (OIC) Ministerial Standing Committee on Scientific and Technological Cooperation (COMSTECH) has joined hands with a leading Pakistani hospital to provide free cataract eye surgeries in Mogadishu, Somalia, from next month, state-run media reported on Thursday. 
COMSTECH and Pakistan’s Al-Shifa Trust Eye Hospital are collaborating with Al-Nur Foundation Somali and the Benadir University Somalia to organize a free cataract eye surgery camp in Mogadishu from March 1-10, the Associated Press of Pakistan (APP) said in a report. 
“The goal of this initiative is to eliminate avoidable blindness by providing free cataract surgeries to those in need,” the report said, adding the camp would be organized at the Dalmar Specialized and Teaching Hospital in Mogadishu. 
APP said that the eye surgery camp is poised to make a “significant impact” on the lives of individuals in need. 
“By offering free medical consultations, medications, eyeglasses, and surgeries to address cataract-related issues, the camp aims to alleviate the burden of visual impairment and improve the overall quality of life for participants,” APP said. 
Headquartered in Pakistan’s capital Islamabad, COMSTECH aims to strengthen cooperation among OIC member states in science and technology, and enhance their capabilities through training in emerging areas.


Pakistan’s stock market records gain as National Assembly holds maiden sitting

Updated 29 February 2024
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Pakistan’s stock market records gain as National Assembly holds maiden sitting

  • Analysts say maiden National Assembly session boosted investors’ confidence in Pakistan’s stock market
  • After much political uncertainty and rigging accusations, Pakistani legislators will elect a new premier on Sunday

KARACHI: Pakistan’s stock market continued its bullish run on Thursday, extending its previous day’s gains to close with an increase of 1.3 percent, as political uncertainty somewhat decreased after the country’s National Assembly convened its maiden session following controversial polls this month.
The stock market’s benchmark KSE100 index gained 875 points to close at the 64,579 level on Thursday, official data showed. On Wednesday, the KSE100 index had gained by 484 points to close at 63,703 points. 
Pakistan has been wracked with political uncertainty due to countrywide protests by political parties, who say the national polls of Feb. 8 were heavily rigged. However, financial analysts noted that investors’ confidence in the market increased as Pakistan’s National Assembly held its maiden session on Thursday, indicating that the country would soon be led by a new democratic government. 
“Stocks closed bullish after the president summoned the National Assembly session himself for the formation of a government,” Ahsan Mehanti, the chief executive officer of Arif Habib Corporation, told Arab News. 
“The move is easing political noise.” 
The Pakistan Peoples Party (PPP) and the Pakistan Muslim League-Nawaz (PML-N) parties have announced joining hands to form their government at the center. The two parties have the required number of seats to form a coalition government. They also have the support of smaller parties in the assembly and have announced former premier Shehbaz Sharif as their candidate for prime minister. 
Sheheryar Butt, portfolio manager at Pakistani securities brokerage company Darson Securities, said the market had continued its bullish trend from Wednesday amid growing anticipation of the PML-N forming the next government. 
“The next government will have to negotiate with IMF (International Monetary Fund) and the manifesto of the PML-N is compatible with the IMF,” Butt noted. 
He said that Pakistani investors expect the new government will continue to implement the measures undertaken by the caretaker administration to secure a new long-term program from the IMF.
One of the principal tasks of the new government would be to secure a long-term bailout program from the international lender, as its short-term program expires next month. Pakistan’s fragile $350-billion economy is in desperate need of external financing to shore its up its foreign exchange reserves and escape its economic crisis. 
“Pakistan needs a long-term program for at least three years to ensure economic stability, so the market expects that the PML-N will follow the footprint of the caretaker government,” he explained.
Butt was confident Pakistan would secure the last tranche from the IMF under the $3 billion short-term financing agreement it reached with the lender last summer. 
Pakistan’s National Assembly will elect the country’s prime minister on March 3 while elections for the speaker and deputy speaker’s posts are scheduled to be held on Friday, March 1.


Pakistan concludes 60-hour joint military exercise with Saudi Arabia, US, other nations 

Updated 29 February 2024
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Pakistan concludes 60-hour joint military exercise with Saudi Arabia, US, other nations 

  • The exercise was held at semi-mountainous terrain of Pakistan’s Punjab province from Feb. 25-27
  • Pakistan’s army chief attends closing ceremony, lauds participating teams for their professionalism

ISLAMABAD: Pakistan concluded a three-day, 60-hour joint military training exercise with participating teams from Saudi Arabia, the United States, Jordan and other countries this week, Pakistan Army’s media wing said on Thursday.
Pakistan opened the 7th International Pakistan Army Team Spirit (PATS) Exercise in the northwestern town of Pabbi on Sunday. The exercise, which ran from Feb. 25-27, was aimed at enhancing combat skills through the sharing of innovative ideas and experiences by participants. 
The exercise would also help hone basic soldierly attributes besides interoperability through the sharing of innovative ideas and mutual best practices, the ISPR said last week. 
Seven teams from the Pakistan Army and 15 teams from Bahrain, Jordan, Kazakhstan, Saudi Arabia, Maldives, Morocco, Qatar, the US, Uzbekistan, Srilanka, Thailand and Turkiye participated in the exercise. Azerbaijan, China, Germany, Indonesia, Saudi Arabia and Myanmar witnessed the exercise as observers, the Inter-Services Public Relations (ISPR) said.
“The exercise was conducted from 25-27 Feb 2024 in the semi-mountainous terrain of Punjab,” the ISPR said. “Over the years, the exercise has gained much prominence as a very competitive professional military activity for friendly countries.”
Pakistan’s army chief General Syed Asim Munir attended the event’s closing ceremony at the eastern city of Kharian, the ISPR said. Munir appreciated the participating teams for their professionalism, and for demonstrating physical and mental endurance during the various stages of the exercise.
“At the end, COAS [chief of army staff] gave away individual and team awards to the participants of the exercise,” the ISPR said.
Pakistan routinely holds joint air, ground and sea exercises with friendly nations to foster interoperability and joint deployment concepts to counter threats to global peace.
Several cadets from these nations annually visit the South Asian country, which has fought back militancy for decades, to undergo specialized military training.


Pakistan’s Rawalpindi administration to deploy over 5,000 cops for next month’s PSL matches

Updated 29 February 2024
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Pakistan’s Rawalpindi administration to deploy over 5,000 cops for next month’s PSL matches

  • Pakistan’s eastern Rawalpindi city will host Pakistan Super League matches from March 2-10
  • Snipers, police to be stationed along ‘critical routes’ and at rooftops near stadium says state media

ISLAMABAD: The administration in Pakistan’s Rawalpindi has taken “extensive measures” to provide security to players and citizens as the city gears up to host the remaining matches of the Pakistan Super League (PSL) 2024 tournament next month, state-run media reported on Thursday.
Pakistan’s eastern city of Rawalpindi will host PSL matches from March 2-10. PSL matches every year draw thousands of people to stadiums in Lahore, Multan, Karachi and Rawalpindi, where matches are usually held. The PSL also features apart from local cricket stars, international cricketers of renown. 
The Rawalpindi administration has finalized a security plan ahead of the tournament’s matches, the Associate Press of Pakistan (APP) said in a report, amid a surge in militant attacks across the country. 
“Under the security plan finalized for PSL matches, over 5,000 police personnel, including elite forces, would be deployed to provide foolproof security cover to the matches,” the APP said. 
It said the security plan includes closing stations, managing traffic, and “strict surveillance” to ensure the safety of the cricketers, officials and spectators. 
It said around 750 police officers would be tasked with managing the teams’ movement from the Islamabad airport across the districts of Attock and Rawalpindi.
“Snipers, along with police equipped with advanced security tools, would be stationed along critical routes and rooftops near the stadium,” the report said. “These measures are designed to ensure a secure environment for the event.”
It said Rwalpindi’s traffic police has also developed a traffic management plan to cope with the expected increase in vehicles during the matches. 
Pakistani authorities have been wary of attacks targeting cricketers and cricket events, especially since 2009 when militants attacked the Sri Lankan cricket team in Lahore. The incident scared international teams from touring Pakistan, forcing the South Asian country to choose the UAE as its home ground for several years before international teams started touring the country again.
Pakistan has seen a surge in militant violence, especially in its western regions bordering Afghanistan, since November 2022 after a fragile truce between the state and the Pakistani Taliban broke down.


India’s basmati rice exports to fall as Pakistan’s surge

Updated 29 February 2024
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India’s basmati rice exports to fall as Pakistan’s surge

  • Pakistan offering basmati rice at competitive prices amid rebound in production
  • India, Pakistan are leading exporters of rice to Iran, Saudi Arabia, Yemen and UAE

MUMBAI: India’s basmati rice exports are likely to fall in 2024 after nearing a record high last year, as rival Pakistan is offering the grain at competitive prices amid a rebound in production, industry officials said.
India and Pakistan are the leading exporters of the premium long-grain variety of rice, famous for its aroma, to countries such as Iran, Iraq, Yemen, Saudi Arabia, the United Arab Emirates, and the United States.
India’s exports of basmati rice surged 11.5 percent from a year earlier to 4.9 million metric tons in 2023, just shy of the record high of 5 million tons hit in 2020, on lower supplies from Pakistan and stocking efforts by importing countries, industry officials said.
Basmati rice shipments helped the world’s biggest rice exporter to garner a record $5.4 billion in 2023, up nearly 21 percent from the previous year, because of higher prices, government data showed.
“Last year, buyers were hustling to stock up when Pakistan was facing production issues. This year, however, Pakistan offers lower prices than India due to increased production,” Vijay Setia, a leading exporter based in Haryana state of India, said.
Islamabad’s total rice exports could jump to 5 million tons in 2023/24 financial year, up from the last year’s 3.7 million tons, Chela Ram Kewlani, chairman of Rice Exporters Association of Pakistan (REAP) said last month.
The depreciation of the Pakistani rupee has made Pakistan’s exports more competitive, according to Akshay Gupta, head of bulk exports at KRBL Ltd.
Meanwhile, lower export demand amid an estimated 10 percent rise in India’s basmati rice production has started pulling down basmati prices in that country, said Gupta.
Iran, the biggest buyer of Indian basmati rice, slashed purchases by 36 percent in 2023, but higher shipments to Iraq, Oman, Qatar, and Saudi Arabia offset the shortfall, according to data compiled by India’s Ministry of Commerce and Industry.
Indian exports had lost momentum in September and October as the government imposed minimum export price (MEP) on basmati rice, but they quickly recovered, said a New-Delhi-based exporter.
In August, India imposed the MEP on basmati rice shipments at $1,200 per ton, exceeding prevailing market rates, before lowering it to $950 in October.
However, exports began faltering again in January, and may decline further in the near term as buyers delay purchases due to increased freight costs caused by disruptions in shipping via the Red Sea, exporter Vijay Setia said.
“Buyers are holding ample inventory; there’s no need for them to rush,” he said.