Pakistan in process to ‘firm up’ new dates for Saudi crown prince visit — FO

In this picture taken on February 17, 2019, Pakistani soldiers patrol on a street next to welcoming posters of Saudi Arabian Crown Prince Mohammed bin Salman in Islamabad, Pakistan. (AFP/File)
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Updated 18 November 2022

Pakistan in process to ‘firm up’ new dates for Saudi crown prince visit — FO

  • Foreign office says visit of “great important” as first to Pakistan after crown prince became PM
  • Highlight of visit would be second meeting of Saudi-Pakistan Supreme Coordination Council

ISLAMABAD: The foreign office has said Pakistan was in the process of firming up new dates for a visit by Saudi Arabian Crown Prince Mohammed bin Salman to Islamabad “in consultation with the Saudi side.”

Last week, the foreign office announced that the much-anticipated visit of the Saudi crown prince, scheduled for November 21, had been postponed, without citing any reasons.

“Firstly, although the visit of Saudi Crown Prince H.H. Muhammad Bin Salman was in works, the Foreign Office never announced the dates of the visit or cancelation of the visit,” the foreign office spokesperson Mumtaz Zahra Baloch told journalists on Thursday.

“The visit is being rescheduled and new dates of the visit are being firmed up in consultation with the Saudi side.”

She said the visit held great importance as it would be the Saudi royal’s first visit to Pakistan after assuming the office of prime minister.

“The highlight of the visit would be holding of the second meeting of the Saudi-Pakistan Supreme Coordination Council (SPSCC) and signing of a number of MoUs covering various areas including economic, trade, culture and investment etc,” Baloch said.

Speaking about Pakistani foreign minister Bilawal Bhutto Zardari’s recent visit to Saudi Arabia, she said he also held a meeting there with the Secretary General of the GCC to discuss bilateral ties between Pakistan and GCC countries.

“They discussed regional situation in Afghanistan and recent floods in Pakistan with a focus on Pakistan-GCC cooperation to mitigate the impact of climate change,” Baloch said.

“They agreed to revitalize the dialogue between Pakistan and GCC which is an important partner for Pakistan with a special focus on political and security, trade and investment, food security and agriculture.”


Pakistan Test to commence today on schedule after England stomach bug scare

Updated 12 sec ago

Pakistan Test to commence today on schedule after England stomach bug scare

  • England's cricketers, including skipper Ben Stokes, were struck down with a suspected stomach bug
  • Problems with food and players becoming ill during the Twenty20 series led to the decision to bring a chef

 

ISLAMABAD: The Pakistan Cricket Board said the first Test against England in Rawalpindi would go on as per schedule today, Thursday, after England's cricketers, including skipper Ben Stokes, were struck down with a suspected stomach bug.

There were fears on Wednesday the virus outbreak could force England to change the team for the Test which had been announced on Tuesday.

England are on their first Test tour of Pakistan in 17 years, following their Twenty20 side playing seven matches in the country two months ago, taking the series 4-3.

“The ECB has informed the PCB that they are in a position to field an XI, and, as such, the first #PAKvENG Test will commence as per schedule today (Thursday, 1 December) at the Rawalpindi Cricket Stadium,” PCB said on Twitter.

Problems with food and players becoming ill during the Twenty20 series led to the decision to bring a chef, Omar Meziane, who also worked with the England men's football team at the 2018 World Cup in Russia and at Euro 2020.

England and Pakistan will contest a three-Test series with the second in Multan beginning December 9 and the third in Karachi from December 17-21.


Pakistan central bank to set up special wing to ensure Shariah-compliant banking — finance minister

Updated 01 December 2022

Pakistan central bank to set up special wing to ensure Shariah-compliant banking — finance minister

  • Federal Shariat Court gave a five-year deadline to the government to Islamize the country’s financial system
  • Religious scholars call for practical steps to transform Pakistan’s banking system under the court’s verdict

KARACHI: Pakistan’s finance minister Ishaq Dar said on Wednesday a dedicated wing would soon be established at the State Bank of Pakistan (SBP) to ensure the country’s transformation into an interest-free economy to comply with a ruling of the Federal Shariat Court (FSC) earlier this year.

The FSC directed the government in April to eliminate riba, or interest, within five years while pointing out its prohibition was absolute in all forms and manifestations in Islam.

The finance minister said his government was committed to transforming Pakistan’s banking system by December 2027, adding it would up the special wing at the SBP to expedite the process.

“A wing would be formed at the SBP and I will notify the formation of wing within a week,” Dar said while addressing at a seminar on the prohibition of riba in Karachi.

“We can’t establish a ministry [to oversee the economic transformation] which is also not needed,” he continued while emphasizing that the role of the central bank was “pivotal” in Islamizing the banking system of the country.

Referring to the deadline set by the court, the finance minister said the conversion of the banking system was doable within five years.

“This is not the work that can’t be done in five years,” he said while asking the Securities and Exchange Commission of Pakistan (SECP) along with the central bank to diligently work on the project.

“A base has already been established as the share of Islamic banking in terms of the overall assets and deposits has surged by 20 percent and 21 percent, respectively, of the overall banking sector,” he added.

The finance minister noted that significant progress had been made in relation to the Islamization of Pakistan’s banking system during his government’s previous tenure, adding that things came to a halt due to political instability in the country.

“Today the financial share of the Islamic banks would have been 40 percent instead of 20 percent,” he said.

Earlier, the SBP governor, Jameel Ahmad, noted the demand for Islamic banking services was far greater than the conventional ones. He added the central bank was therefore taking more “measures to meet the growing demand.”

“We have already commenced work on a transformation plan to shift to Islamic banking,” Ahmed said.

He informed a high-level working group of officials from the SBP, SECP and finance ministry had been formed and activated which was responsible for developing Sukuk structures.

Ahmed said that Pakistan currently had five full-fledged Islamic banks offering a wide range of products and their annual growth rate over the last five years in terms of their assets and deposits had been 25 percent and 22 percent, respectively.

This, he noted, was far higher than most conventional banks.

Speaking at the seminar, Mufti Taqi Usmani, a prominent Islamic scholar, appreciated the government’s decision to withdraw appeals against the FSC decision which had earlier been filed in the Supreme Court.

Usmani asked the finance ministry to take practical steps to move toward an interest-free system in the country while pointing out that some private banks had yet not withdrawn their petitions against the FSC ruling.

Political and religious leaders, including Maulana Fazlur Rehman, chief of Jamiat-e-Ulema-e-Islam, and Siraj-ul-Haq, emir of Jamaat-e-Islami party, also participated in the seminar.


Pakistan PM meets new army chief, lauds military's professional abilities

Updated 30 November 2022

Pakistan PM meets new army chief, lauds military's professional abilities

  • Prime Minister Shehbaz Sharif tells General Asim Munir it is a huge honor to lead the Pakistan Army
  • The PM hopes the armed forces will protect the country’s security better under its new leadership

ISLAMABAD: Prime Minister Shehbaz Sharif praised the military’s professional abilities while holding a meeting with the new army chief Syed Asim Munir on Wednesday, saying it was a huge honor for anyone to lead the armed forces of Pakistan which were tirelessly working for the country’s security.

This was Munir’s first meeting with the prime minister after taking over the army’s command in a ceremony held at the General Headquarters in Rawalpindi on Tuesday. He replaced General Qamar Javed Bajwa who retired from the post after leading the army for six years.

“We have full confidence in the professional capabilities of the Pakistan Army,” the prime minister was quoted as saying in a statement released by his office after the meeting.

“It is a great honor to lead the Pakistan Army,” he said while addressing the top general. “It is hoped that the armed forces under your leadership will deal with the challenges facing the country’s security in a better way.”

Sharif congratulated Munir on taking charge of his new position.

He maintained the whole nation was proud of the army’s role in protecting the frontiers of the country and fighting violent extremism and militancy.

The army has ruled Pakistan for almost half of its 75-year history, either through coups or as an invisible guiding hand in politics.

Munir’s appointment coincides with a dispute between the army and former premier Imran Khan, who blames top military generals for playing a part in his ouster in a parliamentary no-trust vote earlier this year.

Khan also expressed hope earlier in the day the new military leadership would end the “prevailing trust deficit” between the army and the public.

The PM Office said in its statement Sharif’s meeting with the army chief focused on professional issues related to the country’s defense and security.

Munir also met President Arif Alvi during the day.

In a separate meeting, Alvi discussed defense related matters with the new Chairman Joint Chiefs of Staff Committee General Sahir Shamshad Mirza.

Pakistan President Dr Arif Alvi (right) meets army chief Syed Asim Munir in Islamabad, Pakistan, on November 30, 2022. (PID)

 


Gas blast at Pakistan coal mine kills nine workers, injures four

Updated 30 November 2022

Gas blast at Pakistan coal mine kills nine workers, injures four

  • Coal deposits are found in the northwestern Orakzai district that sits on the Afghan border
  • Mine workers say lack of safety gear, poor working conditions are key causes of accidents

PESHAWAR: A gas blast at a coal mine killed nine workers in a northwestern Pakistani district on Wednesday, a government official said, and a team investigating the incident said gas sparks had caused the explosion.

There were 13 workers in the mine at the time and nine bodies were recovered, said Adnan Farid, the area deputy commissioner.

The remaining four miners were rescued from the rubble and have suffered critical injuries, he said.

A government team from the mineral development department inspected the site of the incident and said the explosion took place "due to gas sparks inside the mine," Orakzai district police chief Nazeer Khan told Reuters.

A government report seen by Reuters said the blast caused the collapse of the mine, and that gas build-up had triggered the blast. It didn't specify what type of gas it was.

Coal deposits are found in the northwestern Orakzai district that sits on the Afghan border and mine accidents are common, mainly due to gas build-ups.

Mine workers have complained that a lack of safety gear and poor working conditions are the key causes of frequent accidents, labor union officials have said in the past.


At exhibition celebrating UAE National Day, envoy says Pakistan ties ‘unique in region’

Updated 30 November 2022

At exhibition celebrating UAE National Day, envoy says Pakistan ties ‘unique in region’

  • The photo exhibition highlighted 51 years of friendship between the UAE and Pakistan
  • Al-Zaabi expressed optimism about the trajectory of relations between the two countries

ISLAMABAD: The United Arab Emirates (UAE) and Pakistan are destined to take their relations to new heights, said the envoy of the Arab country, Hamad Obaid Al-Zaabi, while visiting a photo exhibition in Islamabad on Wednesday.

The exhibition that highlighted 51 years of friendship between the two states is part of a string of events organized to celebrate the UAE national day that falls on December 2.

Students of Sheikh Zayed International Academy, Islamabad, sang the national anthem of the Arab country and performed traditional dance to celebrate the occasion.

“We are always optimistic about the future of bilateral relations with Pakistan and see this relation jump to a different level,” Al-Zaabi said while addressing the ceremony.

UAE Ambassador to Pakistan Hamad Obaid Al-Zaabi (3rd from left) inaugurates a photo exhibition in connection with the 51st UAE national day in Islamabad, Pakistan, on November 30, 2022. (AN Photo)

He maintained the UAE national day was always a major occasion that meant a great deal to the citizens of his country. He also expressed his gratitude to all the students for participating in the program and making it memorable through their performance.

Al-Zaabi said Pakistan and the UAE enjoyed a strong and historic relationship which was spread over 51 years of shared cooperation.

“We always look at this relation as unique in the region,” he continued. “There are feelings of trust between the people and leaders of the two brotherly countries.”
The UAE envoy said his country looked to future generations through educational cooperation.

“Under Sheikh Zayed International Academy, students from different nationalities and cultures have come here to celebrate the UAE national day with our culture which is really important for all of us,” he added.

Students of Sheikh Zayed International Academy are performing to celebrate the 51st UAE national day in Islamabad, Pakistan, on November 30, 2022. (AN Photo)

Speaking on the occasion, former president of the Islamabad Chamber of Commerce and Industries Sardar Yasir Ilyas said Pakistan could learn a great deal from the UAE, including how to strengthen its tourism industry.

“Tourism has made the UAE a hub of international attention and Pakistan should learn from [UAE’s] experience to tap its vast potential in this field,” he added.