'We have to take sides': Pakistani billionaire from Kyiv calls for support for Ukraine

This undated photo shows Ukrainian businessman of Pakistani origin Mohammad Zahoor. (Photo courtesy: Mohammad Zahoor/ Twitter)
Short Url
Updated 09 March 2022
Follow

'We have to take sides': Pakistani billionaire from Kyiv calls for support for Ukraine

  • Mohammad Zahoor set up a conglomerate operating in real estate and the steel industry in Ukraine
  • He gained the title of ‘Pakistani Press Prince of Kyiv” after buying the English daily Kyiv Post in 2009

ISLAMABAD: A Ukrainian businessman of Pakistani origin, a major figure in the Eastern European country’s media and steel industries, has called for international support for Kyiv as Russia’s invasion of Ukraine entered its 13th day.

Born in the Pakistani megapolis of Karachi in 1955, Mohammad Zahoor was 19 when he first traveled to Ukraine, then a part of the Soviet Union, to study metallurgy on a Pakistan Steel Mills scholarship. After completing his master’s degree, he returned to Pakistan to work in the steel sector.

Years later, as the Union of Soviet Socialist Republics fell apart and Ukraine became an independent state in 1991, Zahoor went back to participate in the country’s transition into a capitalist economy. He invested in the steel sector and established ISTIL Group, a conglomerate operating in real estate, manufacturing, and coal enrichment.

The businessman also became involved in Ukraine’s media and entertainment scene, buying the Kyiv Post, the oldest English-language newspaper in Ukraine, in 2009, which he owned for nearly a decade, and which earned him the title of “Pakistani Press Prince of Kyiv.” In 2018, he sold the paper to Syrian Adnan Kivan for $3.5 million.

Married to Kamaliya, a Ukrainian pop star and former Mrs. World beauty pageant titleholder, Zahoor left Kyiv with the couple’s two daughters after the Russian invasion, with his wife joining a few days later. The family is currently staying in London.




Muhammad Zahoor (2nd row, left) with his wife and children at a ceremony where his wife, Kamaliya (2nd row right), receives person of the year award for her singing and charity work in Kyiv, Ukraine in 2019. (Photo courtesy: Muhammad Zahoor)

In an interview to Arab News last week, the tycoon called on world powers to side with Ukraine, where the number of refugees fleeing to neighboring countries has surged past two million.

“This is time, actually, for us not to keep quiet, we have to take sides,” Zahoor said in a Zoom interview. “I am openly taking the side of Ukraine … this is the time actually for everyone to speak up for Ukraine, otherwise every big country is going to swallow its next-door neighbor.”

“It’s more than ten days that civilians are [being] bombarded, the nuclear plant has been targeted,” Zahoor said, referring to Ukraine’s Zaporizhzhia plant, the largest in Europe, which was seized by Russia last week.

“I think we are in the worst crisis in the world since the Second World War,” he added, saying a nuclear accident “in the middle of Europe” could be worse than the 1986 Chernobyl disaster, considered the worst nuclear accident in history both in terms of cost and casualties.




Muhammad Zahoor (right) receives a donation for his wife’s charity to build a pediatric cardio center in Kyiv, Ukraine on December 9, 2018. (Photo courtesy: Muhammad Zahoor)

He lamented that European powers, as well as the United States and Britain, had not done enough to come to Ukraine’s aid, saying Ukrainian President Volodymyr Zelensky had been calling for intervention much before the Russian invasion.

“I think Europe has done much little than they should have done,” he said. “Not only EU, but America and UK as well.”

The EU, the United States, Britain and others have hit Russia with a wide range of sanctions after its invasion of Ukraine, and also imposed asset freezes, travel bans and other restrictions on numerous Russian individuals, including President Vladimir Putin himself.




Muhammad Zahoor, who later became a billionaire through steel business in Ukraine, during his days in Moscow, Russia in 1990. (Photo courtesy: Muhammad Zahoor)

On Tuesday, the United States and Britain moved to ban Russian oil imports, a decision that is expected to worsen disruptions in the global energy market as Russia is the second-largest exporter of crude.

Zahoor said the war could have consequences for Russia similar to the Soviet-Afghan war in 1979-89, which drastically weakened the Russian military and economy. The defeat in Afghanistan was one of the major blows that caused the Soviet Union to fall apart.

“Ukraine is going to be the next Afghanistan for Russia,” Zahoor said. “I don’t know how many years they are going to be in Ukraine but once they are out, they will be broken into pieces.”


IMF says its mission will visit Pakistan this month to discuss new loan

Updated 05 May 2024
Follow

IMF says its mission will visit Pakistan this month to discuss new loan

  • Pakistan last month completed a short-term $3 billion program, which helped stave off sovereign default
  • But the government of Prime Minister Shehbaz Sharif has stressed the need for a fresh, longer-term program

KARACHI: An International Monetary Fund mission is expected to visit Pakistan this month to discuss a new program, the lender said on Sunday ahead of Islamabad beginning its annual budget-making process for the next financial year.
Pakistan last month completed a short-term $3 billion program, which helped stave off sovereign default, but the government of Prime Minister Shehbaz Sharif has stressed the need for a fresh, longer-term program.
“A mission is expected to visit Pakistan in May to discuss the FY25 budget, policies, and reforms under a potential new program for the welfare of all Pakistanis,” the IMF said in an emailed response to Reuters.
Pakistan’s financial year runs from July to June and its budget for fiscal year 2025, the first by Sharif’s new government, has to be presented before June 30.
The IMF did not specify the dates of the visit, nor the size or duration of the program.
“Accelerating reforms now is more important than the size of the program, which will be guided by the package of reform and balance of payments needs,” the IMF statement said.
Pakistan narrowly averted default last summer, and its $350 billion economy has stabilized after the completion of the last IMF program, with inflation coming down to around 17 percent in April from a record high 38 percent last May.
It is still dealing with a high fiscal shortfall and while it has controlled its external account deficit through import control mechanisms, it has come at the expense of stagnating growth, which is expected to be around 2 percent this year compared to negative growth last year.
Earlier, in an interview with Reuters, Finance Minister Muhammad Aurangzeb said the country hoped to agree the contours of a new IMF loan in May.
Pakistan is expected to seek at least $6 billion and request additional financing from the Fund under the Resilience and Sustainability Trust.


Pakistan PM extends condolences over death of Saudi poet Prince Badr bin Abdul Mohsen

Updated 05 May 2024
Follow

Pakistan PM extends condolences over death of Saudi poet Prince Badr bin Abdul Mohsen

  • Prince Badr, affectionately known as the ‘word engineer,’ was a legendary figure in the contemporary Saudi poetry
  • His influence on art form was felt across the Gulf, while his eloquent verses left indelible mark on hearts and minds

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday extended his heartfelt condolences to Saudi Arabia’s Royal Family on the death of eminent Saudi poet, Prince Badr bin Abdul Mohsen, saying his legacy would continue to inspire generations to come.
The prince, affectionately known as the “word engineer,” was a legendary figure in contemporary Saudi poetry whose influence in the art form was felt across the country and the wider Gulf region, where his eloquent verses and poignant prose left an indelible mark on the people’s hearts and minds.
A pioneer in the popularization of Saudi poetry among Arab audiences, Prince Badr’s verses were immortalized in songs by many esteemed Arab artists, including Talal Maddah, Mohammed Abdu, Kadim Al-Sahir and Assala. His patriotic words and songs struck a deep chord with Saudis in particular.
In a post on X, Sharif said Prince Badr’s most popular song on Saudi Arabia’s National Day would always remind the world of his profound love for his country.
“His contributions to contemporary poetry in the Arabian Peninsula were truly remarkable and his legacy will continue to inspire generations to come,” the Pakistan premier said.
“May his soul rest in peace and may his words forever resonate in the hearts of poetry lovers around the world.”


Prince Badr was born on April 2, 1949, and his journey as a poet and cultural figure began at a young age. He studied in Saudi Arabia, Egypt, the UK and the US as he took his early steps on the path to becoming a significant figure in Arab literature.
As president of the Saudi Society for Culture and Arts, he played a crucial role in fostering artistic expression and influencing the development of poetry organizations in the Kingdom. In recognition of his outstanding contributions in the field, King Salman honored Prince Badr with the prestigious King Abdulaziz Medal in 2019.
Soon after, the Kingdom’s Literature, Publishing and Translation Commission announced plans to collect and publish his complete literary works to commemorate his enduring legacy and celebrate the profound impact he had on the Saudi creative movement during a five-decade career.


Top Afghan diplomat in India quits after $2 million gold smuggling reports

Updated 05 May 2024
Follow

Top Afghan diplomat in India quits after $2 million gold smuggling reports

  • Zakia Wardak was reportedly stopped last month on arrival at Mumbai airport, carrying 25 kilograms of gold
  • The Afghan consul-general was not arrested because of her diplomatic immunity, but the gold was confiscated

NEW DELHI: Afghanistan’s top diplomat in India resigned days after she was reportedly caught by airport authorities smuggling nearly $2 million worth of gold into the country.
Zakia Wardak, the Afghan Consul-General in India’s financial capital Mumbai, posted a statement on social media platform X announcing her resignation.
Afghanistan’s embassy in New Delhi shut down in November, more than two years after the Taliban returned to power in Kabul following the collapse of the Western-backed government, leaving Wardak as the country’s most senior representative in India.
“It is with great regret that I announce my decision to step away from my role at the Consulate and Embassy in India, effective May 5, 2024,” Wardak said Saturday.
Indian media reports said Wardak was last month stopped by financial intelligence authorities at Mumbai airport on arrival from Dubai — along with her son — carrying 25 kilograms of gold.
She was not arrested because of her diplomatic immunity, the reports said, but the gold — worth around $1.9 million — was confiscated.
Wardak’s resignation leaves thousands of Afghan nationals, including students and businessmen, without any consular representation in India.
Most foreign nations — including India — do not officially recognize Afghanistan’s Taliban government, but acknowledge them as the de facto ruling authority.
In many Afghan missions, diplomats appointed by the former government have refused to cede control of embassy buildings and property to representatives of the Taliban authorities.
Wardak said in the statement that she had “encountered numerous personal attacks and defamation” over the past year.
Such incidents “have demonstrated the challenges faced by women in Afghan society,” she added, making no explicit reference to the gold allegations.
The Taliban authorities have full control of around a dozen Afghan embassies abroad — including in Pakistan, China, Turkiye and Iran.
Others operate on a hybrid system, with the ambassador gone but embassy staff still carrying out routine consular work such as issuing visas and other documents.
Most countries evacuated their missions from Kabul as the Taliban closed in on the Afghan capital in August 2021, although a handful of embassies — including Pakistan, China and Russia — never shut, and still have ambassadors in Kabul.


At OIC summit, Pakistan expresses concern over Israel’s ‘brutal’ military onslaught in Gaza

Updated 05 May 2024
Follow

At OIC summit, Pakistan expresses concern over Israel’s ‘brutal’ military onslaught in Gaza

  • Pakistan’s Deputy PM Ishaq Dar expresses full support for Palestine’s inclusion as a United Nations member
  • Dar urges OIC member states at Banjul Summit to push for immediate and unconditional ceasefire in Palestine

ISLAMABAD: Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar on Sunday expressed his deep concern over Israel’s “brutal military onslaught” in the West Bank and Gaza, state-run media reported, calling for an immediate ceasefire in Palestine.
Dar was speaking at the Organization of Islamic Cooperation (OIC) summit being held against a backdrop of widespread anger over Israel’s military actions in Gaza. The Jewish state has killed nearly 35,000 Palestinians and caused massive destruction of hospitals, schools and residential neighborhoods in the densely populated area.
The Pakistani deputy prime minister arrived in Gambia on Wednesday to present his country’s perspective on a wide range of issues, including the war in Gaza and the rights situation in Indian-administered Kashmir.
“Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar on Sunday expressed Pakistan’s deep concern over Israel’s ongoing brutal military onslaught against the Palestinian people in Gaza and the West Bank,” the state-run Associated Press of Pakistan (APP) reported.
“In the backdrop of the genocide of Palestinians and atrocities of Israeli forces, he urged the OIC Member States to work together for an immediate and unconditional ceasefire.”
Dar also expressed Pakistan’s support for Palestine’s admission as a full member of the UN, demanding the resumption of the process for a two-state solution in the Middle East.
The Pakistani deputy prime minister called for the creation of a viable, contiguous and sovereign state of Palestine based on the pre-1967 borders.
Dar also spoke on an uptick in Islamophobic sentiments and incidents in different parts of the world, particularly since the outset of Israel’s war in Gaza last year in October.
He urged the OIC to formulate a joint strategy to work with global social media platforms to harmonize their content regulation policies for blasphemous, anti-Islamic and Islamophobic content.
“Dar also strongly condemned the surge in anti-Pakistan rhetoric and Islamophobic narratives by India’s political leaders during the ongoing Lok Sabha elections which threatened the regional stability,” the APP said.
He urged the OIC to work collectively to address the existential threat of climate change, which caused catastrophic floods in Pakistan in 2022 that killed over 1,700 people and affected over 33 million in total.
Dar met The Gambia’s president and his counterparts from Turkiye and Azerbaijan to discuss enhancing bilateral trade and economic cooperation, Pakistan’s foreign ministry spokesperson said in a statement.


Pakistan to face India on Oct. 6 in women’s T20 World Cup clash 

Updated 05 May 2024
Follow

Pakistan to face India on Oct. 6 in women’s T20 World Cup clash 

  • ICC Women’s T20 World Cup to run from Oct. 3-20 in Dhaka and Sylhet
  • Pakistan are placed in Group A with Australia, India, New Zealand, Qualifier 1

DHAKA: England will face South Africa in the opening match of the ICC Women’s Twenty20 World Cup to be held in Bangladesh later this year, the International Cricket Council announced on Sunday.
The event will run from October 3 to 20 in the capital Dhaka and the northeastern city of Sylhet, with warm-up matches starting on September 27.
Hosts Bangladesh and the top six teams from the previous edition in South Africa — Australia, England, New Zealand, South Africa and the West Indies — qualified automatically for the tournament, with Pakistan joining them as the next best ranked team.
Ireland, the UAE, Sri Lanka and Scotland are in contention for the remaining two places, with the semifinals of the qualifying tournament being held in the UAE.
Six-times winners and current world number one Australia will play in Group A alongside India, New Zealand, Pakistan and a Qualifier 1.
Neighbours and rivals India and Pakistan will face off on October 6.
Group B will feature South Africa, Bangladesh, England, West Indies, and Qualifier 2.
“Over the last six to seven years we have seen women’s cricket grow exponentially,” ICC chief executive officer Geoff Allardice said at the announcement of the fixture list and trophy unveiling in Dhaka.
“This is going to be a very special tournament,” he added.
It will be the ninth edition of the tournament, with Bangladesh previously hosting in 2014.