Amid economic crisis, Pakistan finance minister asks charity network to raise $2 billion from expats

People throng at a wholesale market in Karachi, Pakistan, on February 1, 2023. (AFP)
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Updated 02 February 2023

Amid economic crisis, Pakistan finance minister asks charity network to raise $2 billion from expats

  • Saylani Welfare International Trust sought Ishaq Dar’s approval to get interest-free debt for the country from Pakistani diaspora
  • The country is facing severe dollar liquidity crunch amid depleting foreign exchange reserves, growing import payment demand

KARACHI: Pakistan’s finance minister Ishaq Dar on Thursday allowed a charity organization operating in the country to voluntarily raise about $2 billion in debt to support the national exchequer amid ongoing economic turmoil.

Addressing a gathering on the Islamization of economy, Dar told the chairman of Saylani Welfare International Trust, Bashir Farooqui, he was free to generate money from overseas Pakistanis by utilizing his network. However, he said all the transactions must be kept transparent.

“The transactions must be transparent and well documented and the money must be raised under the defined procedures,” the minister said while participating in the gathering through a video link from Islamabad.

Farooqui had sought permission from Dar to generate the required amount during the course of the program.

“The debt will be raised for five years and will be interest-free,” he said. “The collected amount will be handed over to the government.”




Pakistan's finance minister Ishaq Dar addresses an event focusing on the Islamization of the country's economy through a video link from Islamabad, Pakistan, on February 2, 2023. (Photo courtesy: Finance Ministry)

Pakistan is currently facing an acute dollar liquidity crunch with official foreign exchange reserve down to $3.6 billion against the average import cover of $5 billion.

Responding to the Saylani Welfare Trust chairman, the finance minister asked him to coordinate with the central bank to determine the contours and mechanism of the proposed scheme while directing State Bank of Pakistan (SBP) officials to facilitate and record any inflows through meticulous documentation.

Dar also said the subject of Islamic economic system came very close to his heart, adding that he prayed for the elimination of interest-based financial environment.

“One of the actions taken in this regard has been the formation of a high-level steering committee consisting of all key stakeholders, including the finance ministry and central bank officials, Securities and Exchange Commission of Pakistan and Shariah experts,” he said.

Pakistan’s Federal Shariat Court (FSC) directed the government last April to eliminate riba – or interest – within five years.

Dar maintained it was possible to Islamize Pakistan’s economy even before the given deadline.

“There is no reason why we can’t achieve the Islamization of economy before five years,” he said.


After Lahore clashes, interior ministry bars governor, CM from taking police outside Gilgit-Baltistan

Updated 2 min 53 sec ago

After Lahore clashes, interior ministry bars governor, CM from taking police outside Gilgit-Baltistan

  • Days earlier, federal minister said GB police were deployed to ‘attack’ Punjab cops as they tried to arrest ex-PM Khan
  • Clashes erupted between Khan supporters and Punjab police in Lahore last week, leaving scores injured on both sides

KHAPLU: The Pakistani interior ministry has barred the governor and the chief minister of the northern Gilgit-Baltistan (GB) region from taking police officials with them outside the region, more than a week after a federal minister said GB police were deployed outside Imran Khan’s residence in Lahore to prevent his arrest by their Punjab counterparts. 

A team of Islamabad police, backed by their Punjab counterparts, attempted to arrest Khan from his Lahore residence on March 14 following the issuance of his non-bailable arrest warrants by an Islamabad court in a graft case. 

A day later, Federal Information Minister Marriyum Aurangzeb said the GB police force had been deployed to “attack” the Punjab police as they tried to arrest Khan in the eastern Pakistani city of Lahore. The move to arrest Khan had sparked clashes between his supporters and the police, with several injured on both sides. 

The Pakistani interior ministry this week issued directives for GB Governor Mehdi Shah and Chief Minister Khalid Khurshid, who hails from Khan’s party, not to take regional police officials for their security to Islamabad or other parts of the country. 

“Security arrangements for the Governor and Chief Minister, Gilgit-Baltistan during their visit outside the region, shall be made by the respective provincial/regional governments,” the interior ministry said in a notification on Friday. 

“The Government of Gilgit-Baltistan shall not deploy a police force for security purposes outside the Gilgit-Baltistan region.” 

Last week, the federal government also replaced GB police chief Muhammad Saeed with Dar Ali Khan Khattak with immediate effect. 

GB Sports Minister Raja Nasir Ali Khan said security protocol was the right of every chief minister, adding the ruling coalition only acted in opposition to his Pakistan Tehreek-e-Insaf (PTI) party. 

“We will move the court against this notification,” the provincial minister told Arab News. 

But a political analyst said the interior ministry’s notification was according to the “law and customs.” 

“An incident happened [in Lahore a few days ago], and this instruction came. The instruction is according to law and customs,” Afzal Ali Shigri, a political analyst and a former IG, told Arab News on Saturday. 

“This is a normal practice and the local police are responsible to provide security for VIPs [of other regions]. This should be kept in mind that the function and responsibility [is linked] with jurisdiction. And because their jurisdiction is not outside GB, so this instruction has been issued.” 


Incessant heavy rains in northwestern Pakistan leave 4 dead, 17 injured

Updated 58 min 5 sec ago

Incessant heavy rains in northwestern Pakistan leave 4 dead, 17 injured

  • Khyber Pakhtunkhwa’s disaster management authority says people died due to roof collapse
  • Heavy rains were also reported in Balochistan province where a woman from Harnai lost her life

PESHAWAR: Four people lost their lives while over a dozen were injured in rain-related incidents across Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province in the last 24 hours, a senior official at the Provincial Disaster Management Authority (PDMA) said on Saturday.

Monsoon rains and floods killed more than 1,700 people and submerged about a third of Pakistan’s territory last year while affecting the lives of 33 million people. According to official statistics, 309 individuals were killed in KP and 600,000 were displaced in several districts of the province.

“We have witnessed intermittent downpour during the last five days in KP, but continuous rains with greater intensity have taken place in the last 24 hours that left four people dead and 17 others wounded,” PDMA spokesperson Taimur Ali told Arab News on Saturday.

He said that women and children were among those hospitalized after suffering injuries as the roofs of their houses collapsed due to heavy rain.
Ali added that six houses had been damaged across three districts of the province.

He informed that most reports of casualties and damages were arriving from Mardan, South Waziristan, Peshawar, and Khyber districts.

Bilal Faizi, the spokesperson for Rescue 1122, said continuous rain over the last two days had prompted officials of his department to stay on high alert and take precautionary measures across the province.

“As per unofficial reports,” he continued, “six persons have died and more than 20 injured due to persistent rain showers in different parts of the province.”
Faizi said that those who were injured would get free medical treatment at district hospitals.

“The local administration will also provide relief items to families whose houses were damaged in the rains,” he added.

Apart from KP, heavy rains were also reported in different districts of the southwestern Balochistan province. According to PDMA officials, a woman belonging to district Harnai lost her life after the roof of her house collapsed due to the heavy downpour.

(With additional reporting by Saadullah Akhtar from Quetta.)


Balochistan administration to launch green bus transport service in Quetta

Updated 42 min 22 sec ago

Balochistan administration to launch green bus transport service in Quetta

  • The project will initially be implemented with eight buses to facilitate commuters in different parts of the city
  • Local transporters have announced to boycott the service, asking officials to first discuss all the routes with them

QUETTA: The provincial administration of Balochistan has decided to launch the first-ever green bus project in Quetta to provide quality transport services to citizens, said a senior official on Saturday.

Other provinces in the country have already implemented similar plans by introducing metro bus services in places like Karachi, Lahore, Rawalpindi, and Multan.

Quetta has had an old public transport system for the last three decades, with an estimated 550 carriers to serve a population of about three million. 

However, there are only seven routes for the buses, making it difficult for people to commute to different locations in the city without hassle.

“The government purchased eight fleet buses in 2021 to start the green bus service in Quetta,” said the provincial transport secretary, Dr. Muhammad Aslam Baloch, while speaking to Arab News. “However, the project could not be implemented due to some reasons. Now, we have decided to resume it under a public-private partnership program.”

“Four buses will cover the transport routes from the Railway Station to Sariab Custom, and four will commute from the Railway Station to Baleli, an outskirt neighborhood in Quetta,” he continued. “We have decided to start the service within the next three months.”

This picture shows old local buses parked in one of the neighborhoods of Quetta city in Pakistan on March 25, 2023. (AN Photo)

Local transporters have announced to boycott the green bus service in Quetta, criticizing the government for not first discussing the routes with local bus owners who, they said, were already running their buses in many areas of the city.

“We will not allow the implementation of the green bus service project in Quetta since the government should first decide all the routes [with us],” Saeed Ahmed Takari, information secretary of All Muttahida Bus Association Quetta, told Arab News. “The government should take the local bus association into confidence.”

Syed Ali Shah, a senior Quetta-based journalist, said the provincial authorities had allocated funds for the green bus service in Quetta two years ago while planning to procure 100 buses. Due to the congested streets of the city, however, the transport department only purchased eight vehicles.

“The government decided to start the project with eight buses,” he said. “But due to a lack of proper policy, the plan was not implemented and the buses were parked inside a government warehouse where they were also damaged due to bad weather conditions.”

Fahad Bin Waseem, a 30-year-old Quetta resident, said the project should be “implemented immediately” and the old buses must also be discarded.

“While the government is planning to start the project with eight buses, it should expand the new transport network across Quetta,” he told Arab News. 

“The provincial transport department should establish new bus stations in the city and separate roads for the green buses.”


Ex-PM Khan promises ‘largest rally’ in Lahore as authorities block roads with shipping containers

Updated 25 March 2023

Ex-PM Khan promises ‘largest rally’ in Lahore as authorities block roads with shipping containers

  • A senior leader of Khan’s party asks local authorities to remove the barriers since a court had allowed the PTI rally
  • PTI’s former National Assembly speaker urges international community to take notice of rights violations in Pakistan

ISLAMABAD: Pakistan’s former prime minister Imran Khan has vowed to hold the “largest rally” in the eastern city of Lahore on Saturday, as local authorities have placed shipping containers on different roads leading to the venue of his public gathering.

Khan, who was ousted from power in a parliamentary no-confidence vote last year in April, recently decided to kick off his election campaign by holding a rally at the historic Minar-e-Pakistan monument in Lahore.

However, he had to postpone the plan when a police contingent tried to arrest him after a district court in Islamabad issued his non-bailable arrest warrants in a graft case.

Subsequently, there were clashes outside his Lahore residence between the police and supporters of his Pakistan Tehreek-e-Insaf (PTI) party that lasted for about two days before a Pakistani court asked the law enforcement officials to stand down.

As the former prime minister prepared to hold the public rally on Saturday, his party officials complained that the police had arrested hundreds of activists in overnight raids to sabotage the power show.

“We will not back off under any circumstances,” Dawn newspaper quoted Khan as saying after he went to an anti-terrorism court in Lahore to get interim bail in three terrorism cases. “I am saying today that they [the government] will see the largest rally at Minar-e-Pakistan in the country’s history.”

Meanwhile, local news channels widely reported that authorities in Lahore had set up shipping containers at the entry and exit points of the city to prevent PTI activists from nearby areas from attending the rally.

Shah Mahmood Qureshi, a top leader of Khan’s political faction, said there was no justification for the authorities to block the roads since a court had allowed his party to hold the gathering.

“The police and the administration are requested to remove these containers,” he said while speaking to the media.

Qureshi maintained such measures were not only undemocratic but also indicated that the government was afraid of Khan.

Pakistan’s Geo News also reported that the former speaker of the National Assembly and a leader of Khan’s party, Asad Qaiser, sent a letter to various global forums, in which he asked the international community to take notice of the present political situation in his country.

Qaiser said grave human rights violations were carried out in Pakistan against the supporters of the PTI party, adding that many of these people had been “abducted.”

He also maintained that “fake criminal complaints” had been filed against Khan to get him disqualified from politics.

However, according to the caretaker Punjab information minister, Amir Mir, the authorities are not preventing anyone from going to the venue of the PTI rally.

He told Geo News that the shipping containers on the road were only meant to ensure the protection of people.


Man arrested in Pakistan’s northwest for helping Afghan nationals illegally obtain citizenship documents

Updated 25 March 2023

Man arrested in Pakistan’s northwest for helping Afghan nationals illegally obtain citizenship documents

  • Pakistan has more than 1.4 million registered Afghans who were forced to flee their homes due to decades of conflict
  • Federal Investigation Agency also arrested Afghan nationals and a Pakistani official in Bannu earlier this week

PESHAWAR: The Federal Investigation Agency (FIA) arrested an individual on Friday who is suspected of helping Afghan nationals illegally obtain Pakistan’s citizenship documents in the district of Bannu in the northwestern part of the country.

According to the United Nations Refugee Agency, Pakistan has more than 1.4 million registered Afghans who were forced to flee their homes due to decades of war and factional fighting in their country. A significant number of Afghan nationals also entered Pakistan in recent months after the Taliban seized control of the neighboring state in August 2021.

While the government initially offered amnesty to those Afghans who came to Pakistan on valid visas but prolonged their stay after their travel permits expired, the official relaxation ended last December before the authorities started cracking down on all illegal migrants and launched the deportation process.

“The accused was involved in providing computerized national identity cards [CNICs], domiciles, passports and other documents to Afghan nationals,” Abdul Ghafoor, a public relations official with the FIA, told Arab News. “The culprit took thousands of rupees from Afghan citizens before facilitating them to get these documents.”

The agency also issued a press release on March 22, stating that its Bannu circle had arrested an Afghan national, Muhammad Rauf, from a local hotel where he was staying to obtain Pakistan’s CNIC and passport.

The official statement said the accused had paid Rs650,000 ($2,296) to an agent to obtain these documents, adding that the token numbers of the passport and CNIC were also recovered from him.

After further investigation, the FIA arrested the assistant director of the passport office in Bannu, Siddique Akbar, who was accused of illegally providing Pakistan’s citizenship documents to Afghans.

Ghafoor confirmed that the authorities were probing the matter, adding they would soon share more information with the media.

Meanwhile, Saif Ullah Muhib Kakakhel, an advocate at the Peshawar High Court, told Arab News that cases related to Afghan nationals trying to obtain illegal documents in Pakistan were on the rise.

“Sometimes, officials are involved in such cases who take huge amounts of bribes to provide Pakistani documents to Afghans,” he said.

Kakakhel maintained most Afghan nationals even faced issues while opening a bank account or securing a legal property, though several legal ways were available to them.

“It is easy to stop the illegal ways of obtaining documents by immigrants,” he added, “though it will require making legal ways easier and more accessible by the government.”