Pakistani finance minister meets UAE envoy amid IMF push for external financing commitments

Pakistan and the United Arab Emirates (UAE) flags are pictured during the UAE President Sheikh Mohamed bin Zayed Al Nahyan visit to Islamabad, Pakistan, on January 6, 2022. (Photo courtesy: WAM/File)
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Updated 29 March 2023
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Pakistani finance minister meets UAE envoy amid IMF push for external financing commitments

  • IMF says staff level agreement to follow financing assurances from bilateral partners like China, Saudi Arabia, UAE
  • IMF funding is critical for Pakistan to unlock other external financing avenues to avert a default on its obligations

ISLAMABAD: The top United Arab Emirates diplomat in Pakistan, Hamad Obaid Ibrahim Salim Al-Zaabi, held a meeting with the federal finance minister, Muhammad Ishaq Dar, on Wednesday, as the International Monetary Fund (IMF) pushed the South Asian nation to get external financing commitments from friendly countries before it releases bailout funds.

The lender has been negotiating with Islamabad since early February to resume $1.1 billion in funding held since November, part of a $6.5 billion bailout agreed in 2019.

The IMF funding is critical for Pakistan to unlock other external financing avenues to avert a default on its obligations. Its diminished central bank reserves barely cover four weeks of imports.

Speaking to reporters last week, IMF communications director Julie Kozack said a staff level agreement would follow after financing assurances from other multilateral institutions, including the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank, and bilateral partners like China, Saudi Arabia, and the UAE.

"H.E. Mr. Hamad Obaid Ibrahim Salim Al-Zaabi, Ambassador of the United Arab Emirates called on Finance Minister Senator Mohammad Ishaq Dar, today and exchanged views on further enhancing bilateral economic and financial relations between the two countries," the Pakistani finance ministry said in a Twitter post after the meeting.

 

 

The UAE is Pakistan’s third-largest trade partner after China and the United States and seen as an ideal export destination for Islamabad due to its geographic proximity which reduces transportation and freight costs and facilitates commercial exchanges.

The UAE has also assisted Pakistan financially in the past with deposits in the State Bank. Pakistan's primary exports to the UAE include textile products and food items.


Japan defeat Pakistan in dramatic shootout to win 2024 Azlan Shah Hockey Cup final

Updated 19 min 45 sec ago
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Japan defeat Pakistan in dramatic shootout to win 2024 Azlan Shah Hockey Cup final

  • Japan seized an early lead with a field goal in the 12th minute, igniting a fierce contest that ended in a 2-2 draw
  • The electrifying shootout phase led to Japan’s convincing 4-1 victory, helping the team clinch the Azlan Shah cup

ISLAMABAD: In a dramatic conclusion to the 2024 Azlan Shah Hockey Cup on Saturday, Japan defeated Pakistan in a penalty shootout after a tense 2-2 draw, dashing the Pakistan team’s hopes that had reached the tournament final for the first time since 2011 following a series of stellar performances.
Six teams participated in the event, including the tournament Malaysia, Pakistan, South Korea, Japan, New Zealand and Canada. Pakistan won the Azlan Shah Cup title three times in the past and was the second runners-up in the last edition which was also held in Malaysia two years ago.
Prior to facing Japan the second time in the tournament, Pakistan played against New Zealand on Friday in a match that ended in a tie.
“Today is the day we’ve all been waiting for,” the Pakistan Hockey Federation exclaimed in a social media post prior to the match. “The FINAL showdown of the Sultan Azlan Shah Cup is here, and our beloved Green Shirts are ready to take on Japan ... Let’s rally behind our team with all our support and cheers as they aim for glory on the field!”


In a riveting showdown, Japan seized an early lead with a field goal in the 12th minute, igniting a fierce contest that saw both teams neck and neck until the final whistle.
As regular time expired with the score deadlocked, the match escalated into an electrifying shootout phase.
When the dust settled, however, Japan had triumphed with a convincing 4-1 victory, clinching the cup and retaining their top position on the leaderboard where they already stood tall with 13 points right ahead of the final.
Pakistan, despite a valiant effort, were on the second place with two draws.


Pakistan drafts new social media regulatory law amid free speech concerns from digital activists

Updated 15 min 15 sec ago
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Pakistan drafts new social media regulatory law amid free speech concerns from digital activists

  • The government says it wants the legislation to curb disinformation, hate speech on social media platforms
  • Rights activists fear the authorities may curb online dissent instead of encouraging responsible Internet use

ISLAMABAD: Pakistan is working on a draft law to regulate social media to “protect digital rights” of millions of users, encourage responsible Internet use and regulate online content to prevent hate speech and disinformation, confirmed a senator belonging to the ruling Pakistan Muslim League-Nawaz (PML-N) party on Saturday.
The authorities have long struggled to regulate the social media content through different legislations, prompting critics to accuse it of trying to quell dissent. The popular social media platform X remains blocked in the country after widespread allegations of election manipulation in the wake of the February 8 national polls.
Earlier this month, the government notified a National Cybercrimes Investigation Agency to probe electronic crimes and is now working on another draft law related to the social media content, making digital rights activists describe it as yet another official attempt to stifle criticism online.
“The government is currently working on a draft law to regulate the social media content as we want to curb disinformation and hate speech being spread through these platforms,” Senator Afnan Ullah Khan told Arab News.
“A committee led by the federal law minister is discussing the draft law as we have to ensure people’s right to freedom of speech and freedom of expression as well,” he continued, ruling out concerns the government wanted to muffle its rivals and critics.
Khan said the draft law would be tabled in parliament within four weeks for discussion and debate.
“The opposition parties or any parliamentarian can object to any clause of the bill once it is presented in parliament for vote,” he said.
“We want to protect digital rights of our users instead of imposing any restrictions, but at the same time we want those to be prosecuted who violate the law by inciting hate speech and pedaling disinformation, or any content against the national security,” he added.
The draft law may propose establishment of a digital rights protection authority to ensure effective enforcement of laws, Khan informed, but “all this will be disclosed to the media and public once the bill is tabled in parliament for discussion.”
Digital rights activists said successive governments in Pakistan had drafted new laws or amended old ones to curb the dissenting voices on social media platforms and file criminal charges against journalists and activists to restrict freedom of speech and expression.
“The government should involve all stakeholders, including civil society and rights activists, while drafting the new law to prevent its misuse,” Sabookh Syed, President of Digital Media Alliance of Pakistan, told Arab News.
“The government may strengthen defamation laws to prevent social media misuse instead of making it a criminal offense that could lead to persecution of activists and violate constitutional guarantees related to free speech,” he added.


Karachi education startup to help Dubai-based association provide online tuition to expatriate children

Updated 11 May 2024
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Karachi education startup to help Dubai-based association provide online tuition to expatriate children

  • The collaboration is expected to benefit the overseas Pakistani community in Dubai, with nearly 20,000 out-of-school children
  • The two organizations signed a memorandum of understanding in February and plan to operationalize it from next month

KARACHI: The Pakistan Association Dubai (PAD), a non-profit organization dedicated to welfare projects for Pakistanis in the United Arab Emirates (UAE), said on Friday its decision in February to collaborate with a Karachi-based education startup would benefit expatriates who have about 20,000 out-of-school children.
PAD, which has been serving overseas Pakistanis in the UAE since 1963, announced plans to work with Learn School Academy, established about four years ago to provide digital schooling to students worldwide.
The Pakistani diaspora in the UAE is the second largest overseas community and one of the oldest expatriate groups in the Arab state.
According to PAD General Secretary Zahid Hassan, about 20,000 expatriate Pakistani children currently remain out of school despite strict reservations by the UAE authorities.
“This project has the potential to make a significant impact on increasing the literacy rate and improving the lives of these children,” he told Arab News on Friday. “PAD aims to facilitate education for overseas Pakistanis in the UAE by partnering with Learn School Academy to provide online tuition to children who are unable to attend traditional schools,” he continued. “With this partnership, we believe we can add even more value for the expatriate community living in the UAE by leveraging our expertise and resources in education.”
The founding CEO of the Pakistani education startup, Wahaj Kayani, explained the high cost of private schools in the UAE was a significant barrier for many Pakistanis to provide education to their children.
“Through this partnership with PAD, we aim to provide a more affordable and accessible solution,” he told Arab News.
“This collaboration is specifically designed to help Pakistani and all other overseas communities gain access to high-quality education at a price point that works for them along with a user-friendly online school model,” he added. “The MoU [memorandum of understanding with PAD] outlines a framework for offering scholarships for online learning, enabling students to benefit from Learn Academy’s curriculum and engaging the platform.”
According to the MoU signed between the two entities, the Pakistani academy will offer a 50 percent discount to PAD, which will bear the fee on behalf of the eligible families to educate their children. Both organizations plan to operationalize their collaboration from the next month.
“We believe this initiative will make a significant contribution to educational attainment in the UAE,” Kayani said. “It will enable students from diverse backgrounds to access quality education, including modern pedagogical approaches like project-based learning. This combination of affordability and innovative learning methods can have a real impact on literacy rates and overall educational achievement.”
Hassan, on the other hand, acknowledged that one project alone could not fully meet the educational needs of the Pakistani community.
“There is a pressing need for more schools to cater to such demands,” he said. “Therefore, PAD is actively exploring the possibility of launching a dream school project in the future to provide a long-term, sustainable solution. Our volunteer education team is fully committed to working on this initiative.”
The project is also Learn School Academy’s first collaboration outside Pakistan.
In addition to the initial launch with PAD, it envisions a deeper and more expansive partnership in the UAE and beyond.
“Looking ahead, we envision replicating this successful model by collaborating with similar organizations in other countries across the globe,” Kayani said. “Our next aim is Saudi Arabia for schooling, followed by the United Kingdom and Canada for Islamic education, which we hope to execute by the start of 2025.”
“Ultimately, our goal is to empower both Pakistani communities abroad and global communities at large by facilitating access to high-quality, affordable education,” he added.


Modi critic joins India’s election campaign on bail

Updated 11 May 2024
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Modi critic joins India’s election campaign on bail

  • Top court allows Delhi Chief Minister Arvind Kejriwal to leave custody until June 1
  • His release is expected to give a boost to India’s opposition alliance in ongoing polls

NEW DELHI: Delhi Chief Minister Arvind Kejriwal joined India’s ongoing general election — boosting the opposition alliance on Saturday — a day after the Supreme Court ordered his temporary release on bail in a controversial graft case.

A fierce critic of Prime Minister Narendra Modi and the leader of the Aam Aadmi Party, Kejriwal was arrested in late March, in connection with corruption allegations related to the excise policy of the Delhi government led by him. He denies the accusations.

On Friday, the top court granted Kejriwal 21-day interim bail to campaign in the seven-phase general vote, which started on April 19. He has to surrender after the last day of voting on June 1.

“I will go around the country in the next 21 days to stop this dictatorship of Modi,” Kejriwal said at a conference in Delhi.

“After June 4, there will be no Modi government. In all states, their seats are going down and they will not get more than 220 to 230 seats.”

The results of the world’s largest election are set to be announced on June 4. The party or coalition that wins at least 272 of the 543 contested seats in the lower house of parliament will form the government.

Seeking a third straight term in office, Modi has been targeting 400 seats for the National Democratic Alliance led by his Hindu nationalist Bharatiya Janata Party, which has been in power since 2014.

He is challenged by an alliance of two dozen opposition parties, the Indian National Developmental Inclusive Alliance, or INDIA, of which Kejriwal’s AAP is a part.

Kejriwal has accused Modi and his BJP of damaging democracy, and abusing power and the constitution.

“The opposition’s morale will get a further boost,” said Satish Kumar Singh, a political analyst in Delhi.

“The release of Kejriwal further reinforces the opposition campaign on the need to save democracy and maintain fairness in the electoral process.”

Kejriwal’s AAP is a challenger to the BJP in Delhi and Punjab, where voting will take place on May 25 and June 1 respectively.

“Kejriwal’s release is a boost to the cadres of the AAP and the opposition alliance at this crucial time when the opposition alliance is challenging the dominance of the BJP in the capital city,” Andalib Akhtar, a New Delhi-based commentator and editor of The Indian Awaz, told Arab News.

“It’s good that the court has taken a decision in favor of democracy and is giving the opposition leader — who was arrested just on the eve of the general elections — an opportunity to be on an equal footing democratically.”


Hira Cultural District: A diverse legacy of Makkah

Updated 11 May 2024
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Hira Cultural District: A diverse legacy of Makkah

RIYADH: Makkah’s Hira Cultural District, with its pavilions and cultural history, is serving as a tourist hotspot and a hub for knowledge.

Nestled near Jabal Al-Noor, the project spans 67,000 sq meters and includes a visitors’ center, offering insights into the history and services of the district, the Saudi Press Agency reported on Saturday.

The neighborhood provides diverse cultural services and activities for all.

The district’s Revelation Exhibition outlines the story of the revelation bestowed upon prophets up to the last Prophet. Within a special pavilion, the story of the Prophet Muhammad’s revelation and his biography are presented, along with aspects related to the story of the revelation through Gabriel and the roles of Khadija. It is delivered through a technical presentation, taking viewers on an enriching audio and visual journey.

The project also includes the Holy Qur’an Museum. Through modern technology and unique collections, the museum highlights the greatness and universality of the Qur’an, emphasizing its preservation. The neighborhood also includes a cultural library and a garden for relaxation.

The district contains restaurants and cafes, as well as the Saudi Coffee Museum. Visitors can savor Saudi coffee while exploring the tools, ingredients and preparation methods used across the Kingdom in the coffee trade, the SPA reported.

The project is overseen by the Royal Commission for Makkah City and Holy Sites in collaboration with the Emirate of Makkah, the Ministry of Culture, the Ministry of Tourism, the Municipality of the Holy Capital, the Guests of God Service Program and the General Authority of Endowments.

Officials from countries around the world have recently visited the district, including Indonesian First Lady Iriana, Maldives Foreign Minister Moosa Zameer, President of the Directorate of Religious Affairs of Turkiye Dr. Ali Erbas and Tunisian Minister of Religious Affairs Ibrahim bin Mohammed Al-Shaibi. They commended Saudi Arabia’s role in enriching the cultural and religious experiences of visitors and Umrah performers.