Legend striker Michael Owen says Pakistan ‘perfect destination’ for football

Former English footballer Michael Owen addresses the groundbreaking ceremony of the country’s first football stadium designed to meet international standards in Karachi, Pakistan, on January 26, 2022. (Photo Courtesy: Sheeraz Mohiuddin)
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Updated 27 January 2022
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Legend striker Michael Owen says Pakistan ‘perfect destination’ for football

  • Owen inaugurated the construction of the country’s first football stadium designed to meet international standards
  • The former English player is on a three-day visit to Pakistan for talent hunt organized by Global Soccer Ventures

KARACHI: Legendary English footballer Michael Owen on Wednesday inaugurated the construction of Pakistan’s first football stadium designed to meet international standards in Karachi while calling the country 'perfect destination' for the game.

The stadium is a joint initiative of Global Soccer Ventures (GSV) and the NED University of Engineering & Technology.

The event marked the beginning of the construction work on the stadium under the 10-year agreement to create the first soccer city in Pakistan.

“Pakistan is the perfect destination for football, and the passion of the young Pakistani footballers has no bounds,” Owen said while addressing the gathering attended by local students and footballers.

“I am thrilled to be part of Pakistan’s historic football transformation program, as I look forward to taking football to a whole new level,” he added.

The English footballer arrived in Pakistan on Tuesday and met with the army chief and other government functionaries in the federal capital. He is also scheduled to meet young players in Lyari, a town in Karachi which is frequently called “mini-Brazil” and the country’s football center on Thursday morning.




Former English footballer Michael Owen and NED University vice-chancellor Dr. Sarosh Hashmat Lodhi can be seen together during the groundbreaking ceremony of the country’s first football stadium designed to meet international standards in Karachi, Pakistan, on January 26, 2022 (Photo Courtesy: Sheeraz Mohiuddin)

The football stadium in Karachi is designed to meet the Union of European Football Associations’ standards. It has been inspired by German engineering and will be first in a series of football infrastructure projects in Pakistan by GSV.

The world class football facility will also have an international standard academy.

Speaking on the occasion, NED University vice-chancellor Dr. Sarosh Hashmat Lodhi praised the initiative.

“This will let our students and other football players from the city explore much-awaited opportunities,” he said. “International interest in grooming our young talent is a great opportunity for our youth. We are delighted to have international star Michael Owen as part of this life-changing vision. We hope this stadium will be making international football stars.”

GSV group chairman Yasir Mahmood said the 10-year agreement with the Pakistani university was in line with the government’s vision to empower youth and ensure their progress.

“GSV will materialize the dreams of youth by providing them with the opportunity to make their mark globally,” he said.

GSV chief executive officer Zabe Khan maintained the aim of the project was to “identify and develop players from the grassroots” while allowing them to continue their education.

Responding to an Arab News query, he said the project also had the government backing.

“We have the support of the government from top,” he said while hoping the initiative would transform Pakistan “into the greatest football playing nation.”


IMF mission begins talks in Islamabad as Pakistan seeks next program review

Updated 59 min ago
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IMF mission begins talks in Islamabad as Pakistan seeks next program review

  • Finance ministry confirms ‘kick-off meeting’ with visiting IMF delegation
  • Review critical for next tranche under $7 billion bailout program

KARACHI: Pakistan began formal talks with a visiting International Monetary Fund (IMF) delegation on Monday as the country prepares for the next review of its $7 billion bailout program.

The IMF team is in Pakistan to conduct a review under the Extended Fund Facility (EFF) approved in September 2024, a multi-year program aimed at stabilizing the economy after a balance-of-payments crisis, high inflation and dwindling foreign exchange reserves.

Pakistan has so far received roughly $3 billion of the EFF. Successful completion of the latest review could pave the way for the release of the next tranche of funds, subject to IMF board approval.

Separately in 2024, Pakistan also secured about $1.3 billion under the IMF’s Resilience and Sustainability Facility, a climate-focused funding window aimed at strengthening the country’s capacity to manage environmental and disaster-related risks.

“Kick-off meeting with IMF Mission held today,” the finance ministry said on Monday as it shared visuals of Finance Minister Muhammad Aurangzeb and senior officials meeting the delegation in Islamabad.

IMF country representative in Pakistan, Mahir Binici, told Arab News in an emailed statement; 

“An IMF mission led by Ms. Iva Petrova has started discussions with the authorities in Karachi and Islamabad on the third review of Pakistan’s Extended Fund Facility (EFF) arrangement and the second review of the Resilience and Sustainability Facility (RSF).”

The discussions are expected to focus on Pakistan’s fiscal performance, revenue collection targets, structural reform implementation and broader macroeconomic stability measures agreed under the program.

The review comes at a sensitive time for Pakistan’s economy, with rising global oil prices and regional instability adding pressure to inflation and external accounts. Analysts say continued IMF engagement remains crucial for maintaining investor confidence and securing external financing.

Pakistan entered the IMF program to restore macroeconomic stability, strengthen public finances and rebuild foreign exchange reserves. Authorities have repeatedly described the reform agenda as necessary to ensure long-term economic resilience.

Further meetings between technical teams are expected over the coming days.