At COP27 in Egypt, Pakistan-led negotiators adopt accord to set up ‘loss and damage’ fund

Victims of the unprecedented flooding from monsoon rains use makeshift barge to carry hay for cattle, in Jaffarabad, a district of Pakistan's southwestern Balochistan province, on September 5, 2022. (AP)
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Updated 20 November 2022
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At COP27 in Egypt, Pakistan-led negotiators adopt accord to set up ‘loss and damage’ fund

  • The development is viewed as an achievement for countries enduring the impact of heatwaves, droughts, floods
  • Prime Minister Shehbaz Sharif says ‘it is up to the transitional committee to build on the historic development’

ISLAMABAD: Pakistan’s climate minister Sherry Rehman on Sunday applauded the creation of a special fund at the United Nations COP27 conference in Egypt to help cover the losses incurred by developing nations due to extreme weather conditions triggered by the problem of global climate change.

Rehman described the development as “an important first step” while calling for an early operationalization of the fund that was approved after long negotiations that stretched over a period of about two weeks.

According to AFP, the “loss and damages” inflicted by climate-induced disasters was not even officially up for discussion when the UN talks in Egypt began earlier this month. This changed, however, due to the effort of developing nations that insisted on making it the central focus of the conference.

“We welcome today’s announcement and joint text hammered out [through] many nights,” said Pakistan’s climate minister in a string of Twitter posts. “It’s an important first step in reaffirming the core principles of climate justice. Now that the Fund has been established, we look forward to it being operationalized, to actually become a robust body that is able to answer with agility to the needs of the vulnerable, the fragile & those on the frontline of climate disasters.”

Rehman maintained the announcement offered hope to vulnerable communities all over the world who were fighting for their survival from climate stress, adding it also gave credibility to the UN-led COP process to deal with environmental challenges.




Molwyn Joseph, right, minister of health wellness and environment of Antigua and Barbuda, and Sherry Rehman, minister of climate change for Pakistan, speak during a news conference on loss and damage finance inaction at the COP27 U.N. Climate Summit, on November 17, 2022, in Sharm el-Sheikh, Egypt. (AP)

Pakistan witnessed unprecedented monsoon rains and floods this year that claimed over 1,700 lives and destroyed houses, farmlands and public infrastructure. Extreme weather conditions were also witnessed in other parts of the world, with the people of Somalia suffering the impact of severe drought.

In an official statement issued from his office, Prime Minister Shehbaz Sharif also appreciated Rehman and her team for their hard work while pointing out that the proposed fund could benefit rehabilitation activities in the wake of the floods in his country.

“The establishment of loss & damage fund at the UN climate summit is the first pivotal step toward the goal of climate justice,” he said in a Twitter post. “It is up to the transitional committee to build on the historic development.”

The development has been widely viewed as a major achievement by developing economies that have endured major heatwaves, droughts and floods in recent years despite contributing little to the climate change phenomenon.

The conference also demanded “rapid” reduction in carbon emissions by major world economies to address the overall issue of global warming.

Pakistan’s climate minister said before the approval of the fund that its creation would be “a historic reminder to vulnerable people all over the world that they have a voice and that if they unite ... we can actually start breaking down barriers that we thought were impossible.”

Most countries facing climate-induced disasters already have weak economies and have to deal with spiraling inflation and mounting debts.

The proposed loss and damages fund gives them hope of getting some financial compensation from developed economies that are mainly responsible for unleashing extreme climate patterns with increased carbon pollution.


Pakistani leaders, Saudi envoy laud Kingdom’s efforts to ‘shape’ the future

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Pakistani leaders, Saudi envoy laud Kingdom’s efforts to ‘shape’ the future

  • Glittering ceremony held in Islamabad to celebrate Saudi Arabia’s 93rd National Day
  • Senate chairman praises Saudi efforts to promote peace, stability in Middle Easy and beyond

ISLAMABAD: At celebrations to commemorate Saudi Arabia’s 93rd National Day in Islamabad on Monday, Pakistani leaders as well as the Kingdom’s envoy to Pakistan praised the leadership in Riyadh for its efforts to realign Middle East dynamics and open up the Saudi economy and society.

The Saudi government, in an effort led by Crown Prince Mohammed Bin Salman, has made remarkable changes in recent years under a vast economic transformation plan, the Vision 2030, to diversify away from oil and open the Kingdom to business and tourism amid rising regional competition. The Kingdom has also gone into diplomatic overdrive, restoring relations with Iran and agreeing to a rapprochement with Syria in its quest to rebuild regional alliances, instead of leaning entirely on the United States, its long-time big power ally. It has also recently joined the Shanghai Cooperation Organization as parts of Riyadh’s attempts to build a long-term partnership with China.

“Under the ideal leadership, Saudi Arabia is not just addressing the future, it is actively shaping it,” Chairman Senate Muhammad Sadiq Sanjrani said at a ceremony to celebrate Saudi National Day, which the Kingdom is marking this year with the slogan, “We dream and we achieve.”

The Senate chairman lauded steps taken by Saudi Arabia to promote peace and stability in the region.

“Dialogue and mutual respect are the bedrock on which lasting peace is made,” he said. “We are confident that Saudi efforts will open doors to various opportunities, including trade, the sharing of initiatives, and collaboration between leaders and their followers, not only for the region but for the entire world.”

Pakistan and Saudi Arabia are close allies and share strong economic, security and cultural ties. Saudi Arabia is also home to more than two million Pakistani expatriates, making it the largest contributor to remittance inflows.

This year, Pakistan received $2 billion in financial support from Saudi Arabia in July, a day before the International Monetary Fund’s board gave the final approval for a $3 billion bailout deal. Saudi Arabia’s continued economic and investment support is key for Pakistan, as economic stabilization is a major challenge, with the $350 billion economy on a narrow recovery path after the IMF bailout averted a sovereign debt default. Economic reforms have already fueled historic inflation and interest rates.

“Pakistan is grateful for all the support extended by the Kingdom in the difficult times,” Sanjrani said, adding that Pakistan had also provided “unwavering and never-ending” support to the Kingdom on the diplomatic and security fronts.

Speaking at the ceremony, which was organized by the Saudi embassy, Ambassador Nawaf bin Said Al-Malki called on Pakistan and the world to “support all development plans and initiatives taken for the progress and prosperity of the Kingdom.”

“At the forefront of these successful initiatives is the Kingdom’s Vision 2030,” the ambassador said, “which represents a new stage leading the country to a bright future.”


PM puts Pakistan in diplomatic overdrive, pitches investments in stopover visit to the UK

Updated 16 min 4 sec ago
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PM puts Pakistan in diplomatic overdrive, pitches investments in stopover visit to the UK

  • Kakar meets senior leaders of London’s capital and financial markets, prominent British-Pakistani business heads
  • Discusses “multifaceted bilateral relations and resumption of PIA flights” with British foreign secretary

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Monday met the UK’s foreign secretary as well as financial and capital market leaders and top British-Pakistani and other business groups on a stopover visit to London on his way back from New York to attend the UN General Assembly.

Pakistan in June set up a Special Investment Facilitation Council (SIFC) — a civil-military hybrid forum — to fast-track decision making and promote investment from foreign nations. The council has identified five sectors as priority for seeking investment, namely agriculture, mining, information technology, defense production and energy, as the South Asian country deals with a balance of payments crisis and requires billions of dollars in foreign exchange to finance its trade deficit and repay its international debts in the current financial year.

Last week, Kakar used his visit to New York for the UN General Assembly as an opportunity to meet business and thought leaders and stakeholders and make the case for improved business climate in Pakistan and its potential for foreign direct investment in a range of sectors.

On Monday, senior leaders of London’s capital and financial markets called on Kakar in London and expressed “keen interest in exploring promising investment opportunities in the financial and capital market of Pakistan, reflecting a growing mutual interest in expanding economic collaboration,” the PM’s Office said in a statement released after his meeting with notable investment firms, including Fidelity International Limited (FIL), Wellington Management, Ashmore, Jefferies International, Redwheel Capital, Switex Industrial SA, Oxford Frontier Capital, GuarantCo, JP Morgan, Kalrock Capital, and UBL UK.

“Prime Minister Kakar informed the delegation about Pakistan’s current economic landscape, highlighting government measures for external account improvement,” the PM office said.

“He said that recent administrative actions strengthened the Pakistani rupee against the US dollar, fostering optimism for stability. He said positive indicators, including inflows from the World Bank, Asian Development Bank, and friendly nations, contributed to reduced inflation, stabilized reserves, and revival of industrial growth.”

Kakar also spoke about the potential for foreign direct investment in Pakistan’s key sectors and the positive impact of a Stand-By Arrangement (SBA) with the IMF, agreed in June. He highlighted economic improvements such as reduced inflation and improved trade after the removal of restrictions on imports and fiscal measures for monetary support and medium-term inflation targets.

“Furthermore, the Prime Minister highlighted Pakistan’s pro-investment efforts, introducing the Special Investment Facilitation Council,” the PMO said. “This initiative, led by the Prime Minister himself, streamlines investment processes, attracts investments in key sectors, and fosters long-term growth by simplifying the business landscape.”

Kakar separately met prominent British-Pakistani businessmen in London and highlighted positive economic indicators resulting from reforms pursued by his government, including a strengthening of the rupee, reduced inflation, and expected economic growth.

 “The Prime Minister spoke about Pakistan’s investment-friendly approach, mentioning incentives and ease-of-business reforms,” the PMO said. “He introduced the Special Investment Facilitation Council, chaired by himself, to streamline investment in key sectors through a single-window platform. This initiative aims to enhance ease of doing business, remove bureaucratic hurdles, and create a long-term investment roadmap.”

Kakar also shared the government’s resolve and commitment to privatize loss-making state-owned enterprises and urged overseas Pakistanis to take advantage of the opportunities for investment in Pakistan. He invited diaspora business leaders “to invest, especially in Special Economic Zones, to contribute to Pakistan’s economic recovery.”

The PMO said the business leaders “conveyed their strong interest in expanding their business operations in Pakistan while actively seeking to increase their investments in the country.”

Abdullah Kamani, a leading British businessman and the co-founder and executive chairman of Boohoo Group, separately called on Kakar. Boohoo Group plc is a British online fashion retailer, aimed at 16–30-year-olds. The business was founded in 2006, and had sales in 2019 of £856.9 million. It specializes in own brand fashion clothing.

“Kamani expressed keen interest in establishing long-term buying linkages with Pakistan and the ambition to create a comprehensive supply chain in the country, encompassing organic cotton to apparel production,” the PM’s office said. “They also hoped for improved Pakistan-UK air connectivity to facilitate increased imports from Pakistan.”

Kakar conveyed Pakistan’s commitment to facilitating investment and offered support in establishing manufacturing facilities within the country, particularly within Special Economic Zones (SEZs). He urged Boohoo Group to consider opening buying houses in Pakistan and invited the company to send a buying delegation to Pakistan.

Kakar also met UK’s Foreign Secretary James Cleverly on Monday and discussed “all areas of mutual interest, including multifaceted bilateral relations, and resumption of PIA flights.”


Pakistan condemns latest desecration of Qur’an in the Netherlands

Updated 25 September 2023
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Pakistan condemns latest desecration of Qur’an in the Netherlands

  • Anti-Islam activists have burnt, damaged several copies of Muslim holy book in recent months
  • Desecrations have enraged Muslims, unleashed demands governments ban such acts 

ISLAMABAD: Pakistan on Monday condemned the latest “senseless” act of desecration of the Qur’an in the Netherlands in front of a number of embassies of Muslim countries.
Anti-Islam activists have burnt and damaged several copies of the Muslim holy book in recent months, prompting outrage in the Muslim world and demands the nations’ governments ban such acts.
Intentionally burning the Qur’an is seen by Muslims as a blasphemous and insulting act worthy of severe punishment. 
“Pakistan condemns in the strongest terms the latest senseless and deeply offensive act of desecration of the Holy Qur’an that took place in The Hague, the Netherlands in front of some embassies of OIC member countries including Pakistan,” the Pakistani foreign office said.
“It is a deliberately provocative and Islamophobic act that has hurt the sentiments of Muslims around the world. Such acts cannot be condoned under the guise of freedom of expression, opinion and protest.”
The foreign office said Pakistan believed freedom of expression came with responsibilities and governments should actively prevent racist and Islamophobic acts that incite religious hatred.
“Pakistan’s concerns have been conveyed to the Dutch authorities. We urge them to be mindful of the sentiments of the people of Pakistan and Muslims around the world and take active steps to prevent such hateful and Islamophobic acts.”
Last month the United Nations Human Rights Council approved a disputed resolution on religious hatred in the wake of the burning of a Qur’an in Sweden, prompting concern by Western states who say it challenges long-held practices in rights protection.


Pakistan gets visas for Cricket World Cup in India after expressing concerns to ICC 

Updated 25 September 2023
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Pakistan gets visas for Cricket World Cup in India after expressing concerns to ICC 

  • Team is scheduled to leave for Hyderabad via Dubai in the early hours of Wednesday 
  • Eighteen Pakistan players and 15 support staff are due to travel to India after visa delays 

ISLAMABAD: Pakistan has received its visas for next month’s World Cup in India after expressing concerns to the International Cricket Council over delays and complaining about “inequitable treatment”. 

The team is scheduled to leave for Hyderabad, via Dubai, in the early hours of Wednesday and Pakistan Cricket Board spokesperson Umar Farooq said his organization had received confirmation from the Indian High Commission in Islamabad late on Monday to collect their passports. 

Eighteen Pakistan players and 15 support staff are due to travel to India. 

Earlier, the PCB had expressed its disappointment with the ICC over the delays. 

“It’s a matter of disappointment the Pakistan team has to go through this uncertainty ahead of the major tournament,” Farooq said in a statement. 

“There has been an extraordinary delay in getting clearance and securing Indian visas … we have written to the ICC raising our concerns about inequitable treatment toward Pakistan and reminding them of these obligations toward the World Cup.” 

Farooq said Pakistan had reminded the ICC governing body for three years about its obligations but it “has all come down to the last two days”. 

The PCB was forced to cancel its original plan to organize a team-building process in Dubai on the way to India. “We had to rework our plan and book new flights,” Farooq said. 

Pakistan is due to play New Zealand in Hyderabad on Friday before taking on Australia in another warm-up on Oct. 3. 

It launches its World Cup campaign against the Netherlands on Oct. 6. 


Pakistan bans using injections of Avastin after patients go blind, launches investigation

Updated 25 September 2023
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Pakistan bans using injections of Avastin after patients go blind, launches investigation

  • Cancer drug Avastin in smaller doses is similar to eye drug Lucentis, used as low-cost option to treat blindness-causing conditions
  • Some 68 people from various districts of Punjab province have been hospitalized with blindness after receiving injections of Avastin

KARACHI: Pakistan’s interim health minister Nadeem Jan said on Monday the government had imposed an interim ban on using injections of Avastin cancer drug across the country after a number of patients injected with the drug lost vision.

Some 68 people from various districts of Punjab province have been hospitalized with blindness after receiving injections of Avastin, a medication primarily used for the treatment of cancer patients but also prescribed off-label in Pakistan for diabetic retinopathy-related edema. 

Health officials say the medication is registered with the Drug Regulatory Authority of Pakistan (DRAP) for the treatment of colon carcinoma only.

The regulator said in a statement on Monday incidents of “loss of vision in diabetic patients have been reported following treatment with Altered/Dispensed/Diluted Avastin injection.” 

DRAP instructed the drug’s importer to recall suspected batches of Avastin 100mg injection, which it said had been created illegally.

“The sale/distribution of registered Avastin Injection has been put on halt till verification of its quality through sampling and laboratory testing to safeguard public health,” DRAP said in a statement on its website.

“We have established a clear strategy in response to this situation,” the health minister told Arab News. “The supply of this medication [in injection form], whether from Roche or Genius pharmaceutical, has been halted, and both Punjab and other provinces have been instructed to cease its sale and purchase until the investigation report is released.”

Jan said a five-member committee had been established to investigate “whether the problem was caused by the medicine itself, issues in its supply chain, the skill level of the administering doctors, or the sterilization process.” 

Two people associated with distribution of Genius Pharmaceuticals had been identified, and a First Information Report (FIR) had been filed against them, the minister said: 

“Two suspects have been identified and charged, but they have gone underground to evade arrest. They will be apprehended soon.” 

The affected patients had used Avastin doses distributed by Genius Pharmaceuticals.

“Once the report is ready, it will be made public, and the culprits will be dealt with according to the law. They will be punished, setting an example for others and deterring them from committing such acts driven by self-greed,” Jan added.

On its website, Roche said Avastin was approved in more than 130 countries, including the United States, to treat several types of cancer. Roche’s Pakistan has not yet commented. 

Avastin was used as an eye treatment off-label, meaning outside of the approved use. Cancer drug Avastin, when used at much lower doses, is similar to eye drug Lucentis, and is used in many countries as a low-cost option to treat certain blindness-causing conditions.

Speaking to Arab News, Javed Akram, Punjab’s Minister for Specialized Health, said the injections seemed to be okay when they were dispatched from the company but problems likely arose when they were converted into smaller doses.

“It is being transferred into small syringes from large vials for cost-cutting and profit-making, which goes against good clinical practices,” Akram said, adding that the technical committee would determine the real cause. 

Akram said a majority of the affected patients from central Punjab had been admitted to Mayo Hospital, Lahore, while those from the province’s southern districts had been shifted to Nishtar Hospital, Multan.

Jan said the government had instructed provincial authorities to ensure patients received free and high-quality treatment.

“Eighty percent of the patients show improvement with proper treatment. The government is committed to ensuring the full recovery of all patients,” he said, adding that though the cases had so far only occurred in Punjab, other provinces had also been adviced to suspend the use of this medication for two weeks as a precaution.