Pakistan Navy seizes narcotics worth $64.8 million in Arabian Sea operation

In the picture shared by Pakistan Navy on January 14, 2023, Pakistan Navy, Pakistan Maritime Security Agency and Customs officials pose for a photo as they seize illicit drugs amounting to nearly Rs15 billion during an anti-narcotics operation in the Arabian Sea. (Photo courtesy: Pakistan Navy)
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Updated 24 January 2023
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Pakistan Navy seizes narcotics worth $64.8 million in Arabian Sea operation

  • Arrested smugglers and drug cache handed over to customs authorities, Pakistan Navy says
  • Pakistan has mostly seized narcotics on border crossings with Afghanistan in recent months

ISLAMABAD: Pakistani authorities launched an anti-narcotics operation in the Arabian Sea on Tuesday, said an official statement, and seized a huge quantity of illicit drugs amounting to nearly Rs15 billion ($64.8 million) in the international market.

Pakistan has mostly seized narcotics at its border crossings with Afghanistan in recent months, though its naval forces and maritime personnel have also kept a check on the unlawful trade in the country’s territorial waters.

According to the media wing of the Pakistan Navy, a similar operation was jointly conducted by naval officials, maritime security agency and collectorate of customs enforcement in the sea in which 1,450 kilograms of drugs were seized on the basis of intelligence information.

“During the successful joint operation, security forces apprehended largest amount of narco in-terms of quantity that included 586 Kg of Ice crystal and 864 Kg of heroin,” the statement said. “The seized narco is valued approximately Rs 15 Billion in International market. The arrested smugglers and drug cache were handed over to Custom authorities for legal proceedings.”

The statement further maintained the operation reflected the commitment of Pakistani authorities “to deny illegal activities in maritime zones of Pakistan and synergize efforts of Maritime Law Enforcement Agencies in ensuring security of our waters.”


Pakistan remittances seen surpassing $40 billion in FY26 as Saudi Arabia leads November inflows

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Pakistan remittances seen surpassing $40 billion in FY26 as Saudi Arabia leads November inflows

  • The country’s November remittances rose 9.4 percent year-on-year to $3.2 billion, official data show
  • Economic experts say rupee stability and higher use of formal channels are driving the upward trend

ISLAMABAD: Pakistan’s workers’ remittances are expected to exceed the $40 billion mark in the current fiscal year, economic experts said Tuesday, after the country recorded an inflow of $3.2 billion in November, with Saudi Arabia once again emerging as the biggest contributor.

Remittances are a key pillar of Pakistan’s external finances, providing hard currency that supports household consumption, helps narrow the current-account gap and bolsters foreign-exchange reserves. The steady pipeline from Gulf economies, led by Saudi Arabia and the United Arab Emirates, has remained crucial for Pakistan’s balance of payments.

A government statement said monthly remittances in November stood at $3.2 billion, reflecting a 9.4 percent year-on-year increase.

“The growth in remittances means the full-year figure is expected to cross the $40 billion target in fiscal year 2026,” Sana Tawfik, head of research at Arif Habib Limited, told Arab News over the phone.

“There are a couple of factors behind the rise in remittances,” she said. “One of them is the stability of the rupee. In addition, the country is receiving more inflows through formal channels.”

Tawfik said the trend was positive for the current account and expected inflows to remain strong in the second half of the fiscal year, noting that both Muslim festivals of Eid fall in that period, when overseas Pakistanis traditionally send additional money home for family expenses and celebrations.

The official statement said cumulative remittances reached $16.1 billion during July–November, up 9.3 percent from $14.8 billion in the same period last year.

It added that November inflows were mainly sourced from Saudi Arabia ($753 million), the United Arab Emirates ($675 million), the United Kingdom ($481.1 million) and the United States ($277.1 million).

“UAE remittances have regained momentum in recent months, with their share at 21 percent in November 2025 from a low of 18 percent in FY24,” said Muhammad Waqas Ghani, head of research at JS Global Capital Limited. “Dubai in particular has seen a steady pick-up, reflecting improved inflows from Pakistani expatriates owing to some relaxation in emigration policies.”