Pakistani PM briefs UN chief on economic recovery plans, new investment council

Pakistan’s caretaker Prime Minister Anwaar-ul-Haq Kakar (left) meets United Nations Secretary-General Antonio Guterres in New York, US, on September 20, 2023. (@PakPMO/Twitter)
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Updated 21 September 2023
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Pakistani PM briefs UN chief on economic recovery plans, new investment council

  •  Kakar is in New York where he will address the UNGA session on Friday
  • Expressing gratitude to Guterres for his support during last year’s floods

ISLAMABAD: Pakistan’s caretaker Prime Minister Anwaar-ul-Haq Kakar met United Nations Secretary-General Antonio Guterres in New York and discussed the challenge of economic recovery and a new Special Investment Facilitation Council (SIFC) set up in June to attract funding from foreign countries, the PM Office said on Thursday.

Kakar arrived in the United States on September 19 to participate in the 78th United Nations General Assembly (UNGA) session. He will address the session on Friday, September 22.

In his meeting with Guterres on Wednesday, Kakar discussed Pakistan’s economic recovery and initiatives to attract both domestic and international investments.

“The Prime Minister updated the UNSG on the newly established Special Investment Facilitation Council (SIFC), which has the objective of promoting investments into Pakistan for the robust economic recovery of the country,” the statement said.

Pakistan set up the SIFC — a civil-military hybrid forum — to attract foreign funding, particularly from GCC nations, in agriculture, mining, information technology, defense production and energy.

Expressing gratitude to Guterres for his support during last year’s devastating floods and for his co-hosting of the Geneva Conference on Pakistan’s Resilient Recovery, Rehabilitation, and Reconstruction Framework (4RF), the prime minister emphasized the need for developed nations to fulfill their climate finance commitments.

Kakar also participated in a high-level dialogue on “Financing for Development,” convened by the General Assembly, on Wednesday in which he called upon the UN to formulate a strategy for global equitable development and to give debt relief and financial support to developing nations.

“We must fulfill the commitments made at the SDGs Summit, and to achieve the SDGs, we must engage the private sector,” Kakar was quoted as saying by the state-owned Associated Press of Pakistan.

He expressed concern about the disproportionate concentration of private-sector investment in developed economies over developing nations.

“An institution focused on public-private partnerships could be established under the auspices of the United Nations,” he said.


Government says Pakistan preparing Cyber Security Act as digital expansion raises risks

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Government says Pakistan preparing Cyber Security Act as digital expansion raises risks

  • The proposed legislation will create Cyber Security Authority to oversee the country's cyber defenses
  • IT minister warns misuse of genetic and digital data could enable targeted cyber and biological threats

ISLAMABAD: Pakistan is preparing a Cyber Security Act and a dedicated regulatory authority to strengthen defenses against rising digital threats as the country rapidly digitizes government services and economic systems, IT Minister Shaza Fatima said while addressing a ceremony in the federal capital on Wednesday.

The planned legislation is part of Islamabad’s broader “Digital Nation Pakistan” initiative, which aims to expand e-governance, a cashless economy and online public services while safeguarding national cyber infrastructure.

“The more we move toward digitization, with the kind of opportunities that are opening up for us, it is also bringing an equal, or even greater, set of challenges,” the minister said. “This does not mean that we stop digitization. It means that we must make our cybersecurity systems robust.”

She said Pakistan had already activated its National Computer Emergency Response Team (CERT) and provincial CERTs to detect and respond to cyber incidents, while a multi-agency digital monitoring framework known as the National Threat Intelligence System (NTIS) operates around the clock.

“We have a Cyber Security Act coming up, under which a Cyber Security Authority will be established.”

The minister said cybersecurity was not a “generic” concept and required multiple technical specializations as well as comprehensive monitoring and regulation. She warned that the rapid expansion of data-driven technologies was creating new risks even as it opened opportunities in areas such as health and biotechnology.

Referring to advances in genomics and precision medicine, she said the same technologies that help treat diseases could also pose security risks if sensitive biological data were misused. She warned that access to large-scale genetic data could potentially allow hostile actors to develop targeted viruses or other biological threats against populations.

The minister also highlighted Pakistan’s cyber defense capabilities, saying government and military systems remained secure during last year's war with India despite sustained cyber warfare attempts.

She said multiple institutions, including the IT ministry, the National Telecommunication Corporation (NTC), national cybersecurity teams and the armed forces’ cyber command structures, worked together to defend critical systems.

“Despite that massive war ... we did not face a single communication breakdown and we did not allow any penetration into our government systems,” she said, adding that the experience demonstrated the need to further strengthen cybersecurity coordination across institutions.