Pakistani, Saudi forces conclude two-week joint exercise to counter terrorism
Pakistani, Saudi forces conclude two-week joint exercise to counter terrorism/node/2366981/pakistan
Pakistani, Saudi forces conclude two-week joint exercise to counter terrorism
Nawaf bin Saeed Al-Malki, Saudi Arabia's envoy to Pakistan, center, alongside Pakistani and Saudi military personnel at the closing ceremony of the Pakistan-KSA Joint Exercise in Counter-Terrorism, AL BATTAR-I, held in Cherat on September 4, 2023. (Photo credit: ISPR)
ISLAMABAD: Pakistani and Saudi forces on Monday concluded a two-week counter-terrorism exercise in the northwestern Pakistani hill station of Cherat, the Pakistani military said.
The joint exercise, titled AL BATTAR-I, commenced on August 22 with the participation of special forces contingents from Pakistan and Saudi Arabia, according to the Inter-Services Public Relations (ISPR), the Pakistani military's media wing.
The exercise was aimed at further harnessing the historic military-to-military relations between the two brotherly countries, including nurturing of "joint employment concept" to counter terrorism and identifying areas of mutual interest for future military collaborations.
"Combat Aviation along with the Special Forces of both countries displayed their professional excellence," the ISPR said.
Nawaf bin Saeed Al-Malki, the ambassador of Saudi Arabia to Pakistan, along with senior military leadership witnessed the final day activities of exercise.
"The Exercise concluded with the Fly Past," the ISPR added.
Pakistan and Saudi Arabia have consistently nurtured robust strategic ties over the years, enabling the exchange of expertise in defense and diplomacy.
Pakistan's history entails providing military training and counsel to Saudi Arabia, with the Kingdom reciprocating by procuring armaments and munitions from the South Asian country’s ordnance factories.
In a notable recognition earlier this year, Pakistani President Arif Alvi bestowed the Hilal-e-Imtiaz (Crescent of Excellence), one of the country’s distinguished civilian awards, upon the Kingdom’s defense attaché in Pakistan, Major General Awad bin Abdullah Al-Zahrani.
Pakistan to seek bids to sell national airline next week
Privatization board approves pre-qualification criteria for selection of prospective bidders
New expressions of interest in buying between 51-100 percent of airline would be sought next week
Updated 14 sec ago
Reuters
ISLAMABAD: The Pakistani government will seek expressions of interest next week for the sale of Pakistan International Airlines, the privatization ministry said on Thursday, days after it reported its first annual profit in over two decades.
Pakistan has been seeking to sell a 51-100 percent stake in the debt-ridden carrier, to raise funds and reform cash-draining, state-owned enterprises as envisaged under a $7 billion International Monetary Fund program.
Its failed attempt to privatise Pakistan International Airlines last year received a single offer, well below the asking price of more than $300 million.
The privatization commission board has approved seeking new bids, the ministry said in a statement.
“The board approved the pre-qualification criteria for selection of prospective bidders,” it said. It added new expressions of interest in buying between 51 and 100 percent of the airline would be sought next week.
Pakistan has shifted almost all of the national carrier’s legacy debt to government books after issues raised by bidders led to the failure of the last privatization attempt.
Muhammad Ali, government adviser on privatization, said last week all the issues raised at the time of last year’s failed attempt had been dealt with.
ISLAMABAD: Pakistani Foreign Secretary Amna Baloch met Chief Adviser of Bangladesh Muhammad Yunus on Thursday to discuss trade, investment, youth linkages and regional integration, following the first Foreign Office Consultations (FOC) between the two nations in 15 years.
The two countries, which were once one, have shared a tumultuous history, with Bangladesh gaining independence from Pakistan in 1971 after a bloody war of independence.
The latest meetings in Dhaka come amid significant political shifts in Bangladesh following the ouster of Prime Minister Sheikh Hasina Wajid in a popular student uprising last year. Hasina’s government was hostile toward Pakistan but closely allied with India, where she remains exiled. While her removal from office was followed by the cooling of relations between Dhaka and New Delhi, exchanges with Islamabad have started to grow.
“During the Foreign Secretary’s call on the Chief Adviser, Yunus, inter alia, trade and investment opportunities, youth linkages, regional integration, and revival of SAARC [South Asian Association for Regional Cooperation] remained the focus of discussion,” Pakistan’s foreign office said in a statement.
Pakistan Foreign Secretary Amna Baloch speaks during a meeting with Bangladesh’s Chief Adviser Muhammad Yunus in Dhaka on April 17, 2025. (Photo courtesy: Handout/MOFA)
A separate statement from Yunus’ office said he “put the emphasis on strengthening ties with Pakistan to boost mutual cooperation and explore trade and business potentials.”
“There are certain hurdles. We have to find ways to overcome those and move forward,” the chief adviser told Baloch who was in Dhaka for the 6th round of Foreign Secretary Level Consultations (FSLC).
A 7th round will take place in Islamabad in 2026. The consultations are expected to pave the way for a visit by Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar to Bangladesh at the end of the month, the first such visit by a Pakistani foreign minister since 2012.
The chief adviser said that Bangladesh and Pakistan should exchange more youth and cultural programs to increase people-to-people bonding.
“We kept missing each other for a long time as our relationship was frozen. We have to overcome the barriers,” he said. “WE CAN’T MISS THE BUS EVERY TIME”
The statement from Bangladesh quoted Pakistani Foreign Secretary Baloch as saying ways must be found to “harness the potentials between the two countries.”
“We have huge intra-regional markets on our own rights. We should use it,” Baloch said. ” “We can’t miss the bus every time.”
She said that there was a need for regular B2B (business to business) interactions between the private sectors of the two countries and the exchange of visits at all levels.
“Both sides had a constructive and forward-looking engagement in a cordial environment where entire spectrum of Pakistan -Bangladesh bilateral relations came under discussion, including political, economic and trade relations, cooperation in agriculture, environment and education, cultural exchanges, defense relations and people to people contacts,” the Pakistani foreign office added.
“The focus of talks on economic cooperation and people to people relations is a realistic and pragmatic agenda for the revival of ties,” Former Pakistani diplomat Ali Sarwar Naqvi, an executive director of the Center for International Strategic Studies in Islamabad, told Arab News, commenting on the latest interactions in Dhaka.
Pakistan Foreign Secretary Amna Baloch shakes hands with her Bangladeshi counterpart, MD. Jashim Uddin, in Dhaka on April 17, 2025. (Photo courtesy: Handout/MOFA)
In regional terms, Naqvi said growing ties between Islamabad and Dhaka were a “setback” to India’s hegemonic ambitions in South Asia.
Former Foreign Secretary Aizaz Ahmad Chaudhry said the people of Pakistan and Bangladesh were bound by history, faith and culture, and it was encouraging to see their bilateral ties on an “upward trajectory.”
“It was unfortunate that during Sheikh Haseena’s time, all these relations and relations were cut off, but now that the change has come, the situation has improved,” he told Arab News, saying any differences in the future should be resolved through “diplomacy and dialogue.”
“The cooperation between Pakistan and Bangladesh is not aimed against any third country, and India should see it as a natural interaction between two sovereign nations,” he added.
Another former ambassador, Masood Khalid, said Pakistan and Bangladesh were once one country and it was “illogical and unnatural” for them not to have diplomatic contact for decades.
“Both countries deciding to explore cooperation in multiple fields and restore their historical bonding finds resonance among the people of two countries,” he told Arab News.
“I am confident that this headway in bilateral ties will be of mutual benefit and conducive to regional peace and stability.”
ISLAMABAD: The Belt and Road Economic and Trade Center (BRETC) will provide Pakistan with a “one stop solution” for joint ventures with Chinese companies, a Pakistani adviser for the newly inaugurated platform said this week.
BRETC was officially launched this week in Changshu City, a key hub in the Yangtze River Delta economic zone in Jiangsu Province. Among the platform’s core objectives is facilitating joint ventures, providing project and trade financing, and helping BRI partner countries access China’s market. The center features dedicated country display zones and liaison offices for key partners, including Pakistan, Jordan, Nigeria and others.
BRETC adviser, Moin Ul Haque, a former Pakistani ambassador to China, said the platform would serve as a “one-stop platform for trade, investment and cultural exchanges, facilitating deeper integration between China and partner countries” like Pakistan.
“The basic purpose of setting up the center was to provide a platform for the countries which are members of Belt and Road for their business connectivity, to improve, to facilitate international trade, to provide a one stop solution for joint ventures with Chinese companies,” he was quoted by Pakistani state news agency APP as saying at the inauguration of BRETC.
The center will provide Belt and Road partner countries with free office space for three years, a free display corner and legal support, and help them set up business branch offices in China.
It will also serve as a platform to enable Belt and Road countries to procure Chinese exports, including commodities and advanced technologies.
Ibrahim Munir, the chairman of the IBI International Group, which initiated and funded BRETC, spoke about the reasons he chose the newly built High-Tech Zone in Changshu as the location for the center.
“It gives you all solutions when it comes to business. It has all kinds of industry – textiles, solar manufacturing, biotech and name of any industry you can have it here,” Munir said.
“And also, the connectivity toward the ports, Changshu port and Suzhou port and Shanghai port. It’s all in one solution, 2ZA3 BXQ and also the incentives, the government policy for the businesses is perfect.”
He said BRETC aimed to connect with over 30 countries and had already engaged with more than 20 to discuss future collaborations and shared visions.
Once put into operation, the center will offer comprehensive solutions spanning bilateral bulk trade, supply chain management, engineering procurement and construction (EPC), transfer-operate-transfer (TOT) projects, production line setup and financing services for both business-to-business (B2B) and business-to-government (B2G) engagements.
KARACHI: The State Bank of Pakistan said on Thursday the country’s current account, which comprises external trade and transfers, had posted a record and one of the highest monthly surpluses in March 2025 with $1.19 billion, up 229% year-on-year.
The Pakistan Stock Exchange also concluded Thursday’s session on a bullish note, with the KSE-100 Index advancing by 881 points, or 0.76%, to close at 116,901 level.
“Investor sentiment was buoyed by record-high remittances, which contributed to a historic current account surplus in March 2025. The surplus for the first nine months of FY25 reached $1.9 billion,” Topline securities said in a statement.
The surplus in March 2024 stood at $363 million, the latest central bank data showed.
On Monday, Central Bank governor Jameel Ahmad had said the current account would show a “substantial” surplus this year through June mainly on the back of a record inflow of remittances which crossed the $4 billion mark in March, with Saudi Arabia once again topping the list of biggest contributors.
“With record monthly surplus in March 2025, cumulative surplus in country’s Current Account for 9MFY25 (Jul-Mar25) now stands at $1.86 billion, which was in a deficit of $1.65 billion in the same period last year,” SBP said.
In March 2025, Pakistan’s exports recorded at $3.51 billion, growing 8.7% YoY and 6.0% MoM. Imports also rose 8.0% YoY to $5.92 billion in March but fell 1.9% MoM.
“Resultantly, while Trade Deficit (Goods+Services) went up 7% YoY, it narrowed 11.5% MoM in March 2025,” the data showed.
For 9MFY25 (Jul-Mar25), total exports now stand at $30.9 billion, up 8.1% YoY, while total imports stand at $51.9 billion, up 10.7% YoY, with the cumulative trade deficit at $21.1 billion, up 14.7% YoY.
“With oil prices down, and remittances continuing to make a record mark, Pakistan’s current account is expected to be in deep surplus by June FY25 and may also continue in FY26, thereby resulting in further scale-up in overall investor confidence,” the central bank said.
Pakistan received a record-high $4.1 billion in remittances in March 2025, which bodes well for the government’s efforts to revive an economy that it expects will expand three percent this year, SBP governor Ahmad said at an event at the Pakistan Stock Exchange in Karachi on Monday.
The central bank had earlier projected economic growth to range from 2.5% to 3.5%.
“With this level of remittances, we are hoping that for the current fiscal year our current account will stay in surplus,” the governor said. “There will be a substantial surplus and this surplus is the best performance, I will say, on the external account during the last two decades.”
The country broke its own record in February when overseas Pakistanis remitted $3.1 billion.
Pakistan foreign minister to visit Kabul ‘within days’
Relationship has soured as militancy in Pakistan’s border regions has soared since the Taliban regained power in Kabul in 2021
Mohammad Sadiq, Pakistan’s special envoy for Afghanistan, has said Pakistani Taliban militant group was top issue straining ties
Updated 17 April 2025
AFP
ISLAMABAD: Pakistan’s foreign minister said Thursday that he will visit Kabul in the coming days, as Islamabad’s campaign to expel Afghans has forced nearly 60,000 into Afghanistan.
Islamabad has previously said it will deport more than 800,000 Afghans because they are linked to “terrorist” and narcotics activities, but analysts say the move is politically motivated.
“Preparatory meetings have been ongoing and hopefully, within days, I will be visiting Kabul for a day to break this logjam which is there for the last few years,” said Mohammad Ishaq Dar, the foreign minister, who also serves as deputy prime minister.
Pakistan was one of just three countries that recognized the Taliban’s first government in the 1990s and was accused of covertly supporting their insurgency against NATO forces.
But their relationship has soured as militancy in Pakistan’s border regions has soared since the Taliban regained power in Kabul in 2021.
Last year was the deadliest year in Pakistan for a decade, with Islamabad accusing Kabul of allowing militants to take shelter in Afghanistan from where they plan attacks.
The Taliban government denies the charge.
On Tuesday, the International Organization for Migration said Pakistan has expelled nearly 60,000 Afghans since the start of April.
The UN says nearly three million Afghans live in Pakistan, many who have been there for decades or were born there, after fleeing successive conflicts.
The Pakistan government has canceled the residence permits of more than 800,000 Afghans and warned those who are in Pakistan awaiting relocation to other countries that they must leave by the end of April.
More than 1.3 million who hold Proof of Registration cards issued by the UN refugee agency have been told to leave the capital and the neighboring city of Rawalpindi.
Mohammad Sadiq, Pakistan’s special envoy for Afghanistan, this month said the Pakistani Taliban (TTP) militant group was the top issue straining ties.
“TTP is a big challenge that can’t be tolerated. Afghanistan has to work with us on this. If they are not working on this, then all deals are off,” said Sadiq, who is currently visiting Afghanistan.
The TTP is a separate but closely linked group to the Afghan Taliban that carries out frequent attacks on Pakistani security officials.
