Pakistani PM Kakar congratulates athlete Arshad Nadeem for bagging world javelin silver

Silver medalist, Pakistan's Arshad Nadeem celebrates during the podium ceremony for the men's javelin throw during the World Athletics Championships in Budapest on August 27, 2023. (AFP)
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Updated 28 August 2023
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Pakistani PM Kakar congratulates athlete Arshad Nadeem for bagging world javelin silver

  • Arshad Nadeem won silver at World Athletics Championship in Budapest on Sunday, losing to India's Neeraj Chopra
  • Pakistan's caretaker PM acknowledges Nadeem's 'excellent sportsmanship,' describes it as proud moment for Pakistan

ISLAMABAD: Pakistan's Caretaker Prime Minister Anwaar-ul-Haq Kakar congratulated javelin thrower Arshad Nadeem on Monday for becoming the first Pakistani athlete to bag a medal at the World Athletics Championship, praising him for his "excellent sportsmanship."

Nadeem made history in Budapest late Sunday night when he bagged the silver medal at the global competition, with his rival Neeraj Chopra from India bagging the gold medal. The Pakistani athlete began with a modest throw, sending the javelin over 74.80 meters before following it up with a better throw at 82.81meters. In his third attempt, Nadeem impressed all with a stunning 87.82-meter throw, trailing only behind Chopra. In the fourth attempt, Nadeem followed up his previous impressive throw with another strong showing, sending the javelin flying over a distance of 87.15 meters. However, his fifth attempt was declared a foul, effectively putting him out of the race for the gold. 

A large crowd of people had assembled outside Nadeem's house on Sunday night, watching him compete at the global competition and cheering the javelin thrower on as he won Pakistan its only medal at the competition.

"What a day! What a moment of joy for [Pakistan] @ArshadOlympian1," Kakar wrote on social media platform X, formerly Twitter. "You’ve made the nation happy and proud for your excellent sportsmanship that won you—and the country—a silver medal at the World Athletics championship."

https://twitter.com/anwaar_kakar/status/1696024210714296753

On Friday, Nadeem impressed all once again when he secured a spot in the 2024 Paris Olympics with a remarkable 86.79-meter throw at the championship.

He also crossed the Olympic qualifying benchmark of 83 meters, pushing his way into the group of top 12 international javelin throwers that will compete with one another in France in the coming year.

The star Pakistani sportsman hails from a small town, Khanewal, located in Punjab province. He is one of the nine children of a daily wage laborer who showed great versatility as an athlete from a young age while dabbling in all kinds of sports at school.

Although his family lacked the financial means to encourage Nadeem’s enthusiasm for sports, his spirit earned him the support he needed, with his elder brothers working to help him build a career in athletics.

Last year, he won the top medal at the Commonwealth Games in a fifth-round throw of 90.18 meters, making a new record at the games where he currently holds the title of the biggest throw recorded by a South Asian athlete.
 


Privatization Commission backs military-linked firm’s inclusion in PIA buyer consortium

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Privatization Commission backs military-linked firm’s inclusion in PIA buyer consortium

  • Fauji Fertilizer nominated to join Arif Habib-led group bidding for national airline
  • Move marks further step in IMF-backed state enterprise reforms

KARACHI: Pakistan’s Privatization Commission on Tuesday recommended the inclusion of a military-linked fertilizer company in the consortium led by Arif Habib Corporation Limited, the successful bidder for a majority stake in Pakistan International Airlines (PIA), as the government advances long-delayed reforms of state-owned enterprises.

The development is part of Pakistan’s broader privatization push under its $7 billion International Monetary Fund (IMF) Extended Fund Facility approved in September 2024, which requires restructuring and divestment of loss-making state-owned enterprises. PIA has accumulated significant losses over the years and remains a financial burden on the national exchequer.

In December, a consortium headed by the Arif Habib Corporation emerged as the top bidder for a 75 percent stake in Pakistan International Airlines in a breakthrough for the government’s long-delayed privatization of the carrier. The consortium entered a 135 billion Pakistani rupee ($482.32 million) bid, topping the offer of a rival group led by Lucky Cement in an intense back and forth that was broadcast live on television.

The Privatization Commission on Tuesday endorsed the nomination of Fauji Fertilizer Company Limited (FFC) to join the consortium led by Arif Habib.

“The PC Board, after due review, endorsed the nomination and confirmed that FFC fulfils the applicable eligibility and regulatory requirements,” the Ministry of Privatization said in a statement.

The proposed inclusion remains subject to approval by the Cabinet Committee on Privatization (CCoP) and the federal cabinet.

FFC is one of Pakistan’s largest listed fertilizer manufacturers and is majority-owned by the Fauji Foundation, a military welfare organization that operates commercial enterprises to fund services for retired armed forces personnel and their families. Its inclusion strengthens the financial profile of the bidding consortium.

The sale of a majority stake in PIA would mark the first major privatization in Pakistan in nearly two decades.

But the process has been shaky. A similar televised event in 2024 attracted a solitary bid from real estate developer Blue World City of $36 million, well short of the government’s declared minimum price of $305 million for a 60 percent stake.

As part of its efforts to revive the flag carrier airline, Pakistan’s government has assumed most of its legacy debt.

PIA has now posted its first pre-tax profit in two decades, and Britain and the European Union have lifted a five-year ban that had shut it out of key routes, supporting a higher valuation.