Pakistan’s foreign minister says ‘happy’ to reach India to participate in regional moot

Pakistan Foreign Minister Bilawal Bhutto-Zardari, third left, being received on his arrival at the Goa international airport, India, on May 4, 2023. (Pakistan's Ministry of Foreign Affairs/AP)
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Updated 04 May 2023
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Pakistan’s foreign minister says ‘happy’ to reach India to participate in regional moot

  • Bilawal Bhutto-Zardari hopes the Shanghai Cooperation Organization meeting in Goa is ‘very successful’
  • The conference comes over three years after Pakistan downgraded ties with India due to situation in Kashmir

ISLAMABAD: Pakistan’s foreign minister Bilawal Bhutto-Zardari on Thursday said he was “happy” to be in India to participate in the meeting of the Council of Foreign Ministers (CFM) of the Shanghai Cooperation Organization (SCO) while expressing hope that the regional gathering would be “very successful.”

The Pakistani minister, along with his delegation, arrived in India on Thursday morning to attend the two-day meeting.

The development is thought to be significant since Pakistan downgraded its relations with the rival South Asian nuclear-armed nation after New Delhi revoked the special constitutional status of Indian-administered Kashmir in August 2019 to integrate the Muslim-majority disputed Himalayan territory with the rest of the Indian union.

Bhutto-Zardari’s visit is the first one by a high-profile Pakistani official since Prime Minister Nawaz Sharif attended Indian PM Narendra Modi’s swearing-in in 2014 and de facto Foreign Minister Sartaj Aziz went to Amritsar in December 2016 to attend the Heart of Asia conference.

“I am very happy to reach Goa today to participate in the Shanghai Cooperation Organization (SCO) [meeting] and to lead the Pakistani delegation,” he said in a video message from India.

“I hope that the SCO’s CFM meeting will be very successful,” he added.

Prior to his departure, the Pakistani minister said his participation in the moot sent out a “clear message that Pakistan attributed tremendous significance to the SCO and seriously took its membership [responsibilities].”

He added that during the two-day trip, he would engage bilaterally with other countries which were part of the organization.

The foreign minister is attending the SCO’s CFM meeting at the invitation of the current SCO chair, Dr. S. Jaishankar, who is also India’s minister for external affairs.

The foreign office said Pakistan had been actively and constructively contributing to all SCO activities to realize its multi-sectoral aims and objectives in a mutually beneficial manner since becoming a member in 2017.

“The Foreign Minister will also meet with his counterparts of friendly countries on the sidelines of the CFM,” said the statement.

Speaking to Arab News after the announcement of the foreign minister’s visit, international affairs analyst Dr. Huma Baqai referred to the development as a “positive” one and urged political parties to refrain from indulging in politics since it was a national issue.

“We have been hostage to the Kashmir conflict for decades now, and people on both sides [Pakistan and India] remain at the losing end,” she said.

“Both countries should move on to normalize their relations for the benefit of their people,” she added.


Pakistan’s first female central bank governor dies at 71

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Pakistan’s first female central bank governor dies at 71

  • Shamshad Akhtar led the State Bank of Pakistan from 2006 to 2009 and later served twice as caretaker finance minister
  • Finance Minister Muhammad Aurangzeb describes Akhtar as an accomplished economist and an outstanding human being

KARACHI: Shamshad Akhtar, Pakistan’s first woman to serve as governor of the central bank and one of the country’s most internationally experienced economic policymakers, died at the age of 71, officials said on Saturday.

Akhtar led the State Bank of Pakistan from 2006 to 2009, becoming the first and only woman to lead the institution since its establishment in 1948. She later served twice as caretaker finance minister, overseeing fiscal management during transitional governments ahead of the 2018 and 2024 general elections.

According to local media reports, Akhtar died of cardiac arrest.

President Asif Ali Zardari expressed sorrow over her passing in a statement.

“The president paid tribute to her services in the field of economics and financial management, noting her contribution to strengthening economic governance in the country,” the presidency said, adding that he extended condolences to the bereaved family and prayed for the departed soul.

Finance Minister Muhammad Aurangzeb described Akhtar as a highly accomplished economist and an outstanding human being.

“Dr. Shamshad Akhtar was a dignified, principled and wise voice in Pakistan’s economic history,” he said.

He said she served Pakistan with integrity and dedication across several senior economic roles, adding that her national service would always be remembered with respect.

At the time of her death, Akhtar was serving as chairperson of the Pakistan Stock Exchange, a role that placed her at the intersection of Pakistan’s monetary policy, fiscal management and capital markets.

Beyond Pakistan, she held senior positions at major international institutions, including the World Bank, the Asian Development Bank and the United Nations Economic and Social Commission for Asia and the Pacific.

Born in Hyderabad, she was educated in Karachi and Islamabad and held advanced degrees in economics from institutions in Pakistan and the United Kingdom.

Akhtar was widely regarded as a technocrat known for institutional discipline, policy continuity and a strong commitment to economic reform.

With input from Reuters