Pakistan values, looks forward to enhancing relations with US – army chief 

This combination of photos shows Pakistan’s Army Chief General Qamar Javed Bajwa (R) and States Central Command (CENTCOM) Commander Gen. Michael Erik Kurilla. (AFP/AP)
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Updated 30 July 2022
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Pakistan values, looks forward to enhancing relations with US – army chief 

  • Pakistan’s army chief discusses security cooperation in telephonic contact with US CENTCOM commander 
  • General Bajwa earlier appealed to Washington to use its leverage for release of $1.7 billion IMF tranche 

ISLAMABAD: Pakistan’s Army Chief General Qamar Javed Bajwa on Friday told United States Central Command (CENTCOM) Commander Gen. Michael Erik Kurilla that Islamabad valued its relations with Washington and looked forward to further enhancing them in all fields, the Pakistani military said. 

The telephonic contact between two military commanders took place hours after media reported the army chief had appealed to Washington to use its leverage to secure the early release of International Monetary Fund (IMF) money. Pakistan's foreign office confirmed a phone conversation between US Deputy Secretary of State Wendy Sherman and General Bajwa, but did not provide details.

The Inter-Services Public Relations (ISPR), the Pakistani military’s media wing, said the two military commanders discussed matters of mutual interests, regional stability as well as defense and security cooperation during Friday’s call. 

“Pakistan values its relations with US and we earnestly look forward to enhance mutually beneficial multi-domain relations based on common interests,” the ISPR quoted General Bajwa in a statement on Friday.

Both figures reiterated the desire to further enhance bilateral relations in all fields, according to the ISPR statement. 

The US CENTCOM commander appreciated Pakistan’s role in regional stability and pledged to “play his role for further improvement in cooperation with Pakistan at all levels,” it added. 

Pakistan and the IMF reached a staff-level agreement earlier this month to pave the way for the release of a tranche of $1.17 billion, but the lender is awaiting approval from its board that is not scheduled to meet until late August. 

The US is the largest shareholder in the IMF and has over the years worked closely with Pakistani army chiefs alongside civilian governments. 

However, the relations between the US and Pakistan have been at a lower ebb since former prime minister Imran Khan accused President Joe Biden’s administration of conspiring to oust him from power through a parliamentary vote of no-confidence vote in April. Washington has repeatedly denied the allegation. 


Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

Updated 12 March 2026
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Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

  • Agency says it is monitoring indebted energy importers as higher oil prices strain finances
  • Gulf economies seen better placed to weather shock, though Bahrain flagged as vulnerable

LONDON: S&P Global ‌said it would not make any knee-jerk sovereign rating cuts following the outbreak of war in the ​Middle East, but warned on Thursday that soaring oil and gas prices were putting a number of already cash-strapped countries at risk.

The firm’s top analysts said in a webinar that the conflict, which has involved US and Israeli strikes ‌against Iran and Iranian ‌strikes against Israel, ​US ‌bases ⁠and Gulf ​states, ⁠was now moving from a low- to moderate-risk scenario.

Most Gulf countries had enough fiscal buffers, however, to weather the crisis for a while, with more lowly rated Bahrain the only clear exception.

Qatar’s banking sector could ⁠also struggle if there were significant ‌deposit outflows in ‌reaction to the conflict, although there ​was no evidence ‌of such strains at the moment, they ‌said.

“We don’t want to jump the gun and just say things are bad,” S&P’s head global sovereign analyst, Roberto Sifon-Arevalo, said.

The longer the crisis ‌was prolonged, though, “the more difficult it is going to be,” he ⁠added.

Sifon-Arevalo ⁠said Asia was the second-most exposed region, due to many of its countries being significant Gulf oil and gas importers.

India, Thailand and Indonesia have relatively lower reserves of oil, while the region also had already heavily indebted countries such as Pakistan, Bangladesh and Sri Lanka whose finances would be further hurt by rising energy prices.

“We ​are closely monitoring ​these (countries) to see how the credit stories evolve,” Sifon-Arevalo said.