Pakistani leaders express condolences over Pope Benedict XVI’s death

Candles are seen near a picture of late former Pope Emeritus Benedict XVI in the Catholic St Oswald church in his birth place Marktl, southern Germany, on December 31, 2022. (Photo courtesy: AFP)
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Updated 01 January 2023
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Pakistani leaders express condolences over Pope Benedict XVI’s death

  • Benedict died on Saturday at age of 95 following rapid decline in his health over Christmas
  • Pakistan’s PM and foreign minister express solidarity with the country’s Christian community

ISLAMABAD: Pakistani leaders expressed condolences over the death Pope Benedict XVI late Saturday night while assuring the country’s Christian community that the government stood with them and shared their grief.
Benedict, who was the first pontiff in 600 years to resign his position, used the title of Pope emeritus during the last decade of his life. His death of Saturday brought to an end an extraordinary period in which two men wearing white lived in the Vatican.
The first German pope in a thousand years, Benedict experienced a rapid decline in his health over Christmas before his death at the age of 95.
Leaders from across the world, including Pakistan, reacted to the tragic development while offering condolences and praying for the departed soul.
“Deeply saddened to learn about the passing of Pope Emeritus Benedict XVI,” PM Shehbaz wrote in a Twitter post. “He would be mourned by millions around the world, including in Pakistan. May his soul rest in eternal peace.”

 
Foreign Minister Bilawal Bhutto-Zardari also expressed grief over Benedict’s death.
“We are saddened to learn about the passing away of Pope Benedict XVI,” he wrote on Twitter. “May he rest in peace. We join our Christian compatriots and Catholics around the world in prayers for His Holiness at this time of mourning.”

 
The Vatican said Benedict’s body would remain in St. Peter’s Basilica from Monday until Pope Francis led his funeral on Thursday morning.
The Vatican has painstakingly elaborated rituals for what happens after a reigning pope dies, though no publicly known ones for a former pope.
The authorities in Vatican said official government delegations at the funeral would be limited to those from Germany and Italy.
Other dignitaries would attend in a private capacity.
 


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.