Ex-PM Sharif to unveil ‘robust’ economic recovery plan at homecoming rally today

Commuters ride past the welcoming posters of former Pakistan's Prime Minister Nawaz Sharif, on his return home next week, in Rawalpindi on October 13, 2023, after more than three years of medical exile in Britain. (AFP/File)
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Updated 20 October 2023
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Ex-PM Sharif to unveil ‘robust’ economic recovery plan at homecoming rally today

  • Sharif, who returns home after four years in exile in London, will kick start his party’s election campaign 
  • Analysts say political, economic stability will remain elusive, if free and fair polls are not held in Pakistan 

ISLAMABAD: Nawaz Sharif, three-time former prime minister of Pakistan, will announce an economic recovery plan today, on Saturday, at a rally in Lahore that marks his return to home after nearly four years, his party said, with caravans of supporters from across the South Asian country en route to the eastern city to welcome their leader.

The founding leader of the Pakistan Muslim League-Nawaz (PML-N) party had been living in London in self-exile since November 2019, when he secured medical bail after his conviction in two corruption references, while the country was ruled by the rival political faction of ex-premier Imran Khan. 

Ahead of his return early Saturday, Sharif secured protective bail from the Islamabad High Court till October 24 in the corruption references against him. His comeback comes at a time when Pakistan is mired in political and economic crises. 

Sharif’s party says the former premier would kick start its campaign for the upcoming nationwide elections and claims that his return to power for the fourth time would help revive the economy and provide relief to people hit by double-digit inflation fueled by exorbitant energy price hikes. 

“Nawaz Sharif is bringing a robust economic plan with him to revive the country’s economy and he will be unveiling this tomorrow in the rally,” PML-N joint-secretary Tallal Chaudhry told Arab News. 

“The total focus of Sharif’s politics in Pakistan is improving lives of common people through economic recovery.” 

He said caravans of PML-N supporters were en route to Lahore from across Pakistan to welcome back their leader. “We are getting an extremely good response from the public as tens of thousands are on their way to Lahore,” he said. 

The Election Commission of Pakistan (ECP) has announced that it would hold general elections in the country in the last week of January as the process to redraw hundreds of federal and provincial constituencies is expected to be completed by the end of November. 

After the exercise, the election regulator would announce its schedule for polls, giving at least 54 days to all political parties and candidates for the election campaign. 

“Nawaz Sharif will be kicking off the party’s election campaign from Lahore rally, and then he will be leading it by addressing public gatherings in different cities,” Chaudhry said. 

“We are confident to win a landslide victory in the polls to form our government,” he claimed, adding that Sharif’s return to power will help bring political and economic stability to the country. 

The South Asian country has been facing political and economic chaos since April last year, when Khan was ousted from power in a parliamentary vote of no-confidence. Khan is currently in jail in a case relating to illegal sale of state gifts, while several of his close aides have parted ways with him in recent months. 

Political analysts call Sharif’s homecoming an “encouraging sign” for the country’s fragile democracy, but believe that economic and political stability would remain elusive, if free and fair elections were not held in the country. 

“It is obvious now that the leader of one party is getting relief from courts while the other one is faced with numerous legal challenges ahead of the elections,” said Adnan Rehmat, a political analyst, referring to Sharif and Khan. 

He said the electoral process would help revive political and economic activity in the country, which could be sustained through free and fair elections. 

“If credibility of the polls remains questionable, then forget any kind of stability which is a pre-requisite for the economic revival,” Rehmat said. 

Dr. Hassan Askari Rizvi, a senior political commentator, said all political parties and their leaders should be allowed to freely contest the polls and form the government, no matter whichever of them wins the majority. 

“We will see after the election regulator announces the election schedule, if a level playing field is available to all contesting candidates and parties,” he told Arab News. 

“Everybody knows the recipe for the country’s economic stability and prosperity is free and fair elections.” 


PSL 2024: Rutherford blitz ensures Quetta snatch last-ball win over Karachi

Updated 29 February 2024
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PSL 2024: Rutherford blitz ensures Quetta snatch last-ball win over Karachi

  • Sherfane Rutherford scores 58 runs from 31 balls to hand Quetta the victory
  • Quetta spinner Abrar Ahmed returns figures of 3/31 to put Karachi Kings at bay

ISLAMABAD: West Indian batter Sherfane Rutherford handed Quetta Gladiators their fourth victory of the Pakistan Super League (PSL) 2024 tournament on Thursday, smashing a fiery half-century as the Gladiators edged out Karachi Kings, the home side, in a last-ball thriller. 
Batting first, the Kings were considerably troubled by the Gladiators’ bowling line-up. Spinner Abrar Ahmed returned figures of 3/31 while Usman Tariq and Akeal Hosein finished with figures of 2/16 and 2/34 respectively.
James Vince top-scored for the Kings, scoring 37 runs from 25 balls while all-rounder Anwar Ali contributed with an impressive 25 runs from 14 balls. The Kings finished with a score of 165-8 from their 20 overs. 
“#PurpleForce breathe.. we have won the thrilling encounter,” the Gladiators wrote on social media platform X after securing the win. 
The Gladiators had a strong start to their batting, with opener Jason Roy scoring 53 runs from 31 balls while left-handed Saud Shakeel scored 24 runs from 20 balls. Middle order batters Khawaja Nafay, former skipper Sarfaraz Ahmed and Gladiators skipper Rilee Rossouw fell in quick succession, all failing to score in the double digits. 
However, an 80-run stand between Rutherford and Hosein proved to be fatal for the Kings, who lost to Quetta by five wickets in the end. 
Rutherford scored 58 runs from 31 balls, smashing six sixes and a four at a strike rate of 187.10. Hosein, on the other hand, scored 22 runs from 17 balls. 
For the Kings, Hasan Ali and Zahid Mahmood were the best bowlers, returning figures of 2/39 and 2/17 respectively. 
The Gladiators remain at number two on the PSL points table, with four wins from their five matches so far. The Kings remain at the number five spot with only two wins from their five matches in this year’s PSL.


OIC’s COMSTECH joins hands with Pakistan hospital for eye surgeries in Somalia

Updated 29 February 2024
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OIC’s COMSTECH joins hands with Pakistan hospital for eye surgeries in Somalia

  • COMSTECH, Al-Shifa Eye Trust Hospital to set up free cataract eye surgery camp in Mogadishu from March 1-10
  • Initiative aims to eliminate “avoidable blindness” with free cataract eye surgeries to those in need, says state media

ISLAMABAD: The Organization of Islamic Cooperation’s (OIC) Ministerial Standing Committee on Scientific and Technological Cooperation (COMSTECH) has joined hands with a leading Pakistani hospital to provide free cataract eye surgeries in Mogadishu, Somalia, from next month, state-run media reported on Thursday. 
COMSTECH and Pakistan’s Al-Shifa Trust Eye Hospital are collaborating with Al-Nur Foundation Somali and the Benadir University Somalia to organize a free cataract eye surgery camp in Mogadishu from March 1-10, the Associated Press of Pakistan (APP) said in a report. 
“The goal of this initiative is to eliminate avoidable blindness by providing free cataract surgeries to those in need,” the report said, adding the camp would be organized at the Dalmar Specialized and Teaching Hospital in Mogadishu. 
APP said that the eye surgery camp is poised to make a “significant impact” on the lives of individuals in need. 
“By offering free medical consultations, medications, eyeglasses, and surgeries to address cataract-related issues, the camp aims to alleviate the burden of visual impairment and improve the overall quality of life for participants,” APP said. 
Headquartered in Pakistan’s capital Islamabad, COMSTECH aims to strengthen cooperation among OIC member states in science and technology, and enhance their capabilities through training in emerging areas.


Pakistan’s stock market records gain as National Assembly holds maiden sitting

Updated 29 February 2024
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Pakistan’s stock market records gain as National Assembly holds maiden sitting

  • Analysts say maiden National Assembly session boosted investors’ confidence in Pakistan’s stock market
  • After much political uncertainty and rigging accusations, Pakistani legislators will elect a new premier on Sunday

KARACHI: Pakistan’s stock market continued its bullish run on Thursday, extending its previous day’s gains to close with an increase of 1.3 percent, as political uncertainty somewhat decreased after the country’s National Assembly convened its maiden session following controversial polls this month.
The stock market’s benchmark KSE100 index gained 875 points to close at the 64,579 level on Thursday, official data showed. On Wednesday, the KSE100 index had gained by 484 points to close at 63,703 points. 
Pakistan has been wracked with political uncertainty due to countrywide protests by political parties, who say the national polls of Feb. 8 were heavily rigged. However, financial analysts noted that investors’ confidence in the market increased as Pakistan’s National Assembly held its maiden session on Thursday, indicating that the country would soon be led by a new democratic government. 
“Stocks closed bullish after the president summoned the National Assembly session himself for the formation of a government,” Ahsan Mehanti, the chief executive officer of Arif Habib Corporation, told Arab News. 
“The move is easing political noise.” 
The Pakistan Peoples Party (PPP) and the Pakistan Muslim League-Nawaz (PML-N) parties have announced joining hands to form their government at the center. The two parties have the required number of seats to form a coalition government. They also have the support of smaller parties in the assembly and have announced former premier Shehbaz Sharif as their candidate for prime minister. 
Sheheryar Butt, portfolio manager at Pakistani securities brokerage company Darson Securities, said the market had continued its bullish trend from Wednesday amid growing anticipation of the PML-N forming the next government. 
“The next government will have to negotiate with IMF (International Monetary Fund) and the manifesto of the PML-N is compatible with the IMF,” Butt noted. 
He said that Pakistani investors expect the new government will continue to implement the measures undertaken by the caretaker administration to secure a new long-term program from the IMF.
One of the principal tasks of the new government would be to secure a long-term bailout program from the international lender, as its short-term program expires next month. Pakistan’s fragile $350-billion economy is in desperate need of external financing to shore its up its foreign exchange reserves and escape its economic crisis. 
“Pakistan needs a long-term program for at least three years to ensure economic stability, so the market expects that the PML-N will follow the footprint of the caretaker government,” he explained.
Butt was confident Pakistan would secure the last tranche from the IMF under the $3 billion short-term financing agreement it reached with the lender last summer. 
Pakistan’s National Assembly will elect the country’s prime minister on March 3 while elections for the speaker and deputy speaker’s posts are scheduled to be held on Friday, March 1.


Pakistan concludes 60-hour joint military exercise with Saudi Arabia, US, other nations 

Updated 29 February 2024
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Pakistan concludes 60-hour joint military exercise with Saudi Arabia, US, other nations 

  • The exercise was held at semi-mountainous terrain of Pakistan’s Punjab province from Feb. 25-27
  • Pakistan’s army chief attends closing ceremony, lauds participating teams for their professionalism

ISLAMABAD: Pakistan concluded a three-day, 60-hour joint military training exercise with participating teams from Saudi Arabia, the United States, Jordan and other countries this week, Pakistan Army’s media wing said on Thursday.
Pakistan opened the 7th International Pakistan Army Team Spirit (PATS) Exercise in the northwestern town of Pabbi on Sunday. The exercise, which ran from Feb. 25-27, was aimed at enhancing combat skills through the sharing of innovative ideas and experiences by participants. 
The exercise would also help hone basic soldierly attributes besides interoperability through the sharing of innovative ideas and mutual best practices, the ISPR said last week. 
Seven teams from the Pakistan Army and 15 teams from Bahrain, Jordan, Kazakhstan, Saudi Arabia, Maldives, Morocco, Qatar, the US, Uzbekistan, Srilanka, Thailand and Turkiye participated in the exercise. Azerbaijan, China, Germany, Indonesia, Saudi Arabia and Myanmar witnessed the exercise as observers, the Inter-Services Public Relations (ISPR) said.
“The exercise was conducted from 25-27 Feb 2024 in the semi-mountainous terrain of Punjab,” the ISPR said. “Over the years, the exercise has gained much prominence as a very competitive professional military activity for friendly countries.”
Pakistan’s army chief General Syed Asim Munir attended the event’s closing ceremony at the eastern city of Kharian, the ISPR said. Munir appreciated the participating teams for their professionalism, and for demonstrating physical and mental endurance during the various stages of the exercise.
“At the end, COAS [chief of army staff] gave away individual and team awards to the participants of the exercise,” the ISPR said.
Pakistan routinely holds joint air, ground and sea exercises with friendly nations to foster interoperability and joint deployment concepts to counter threats to global peace.
Several cadets from these nations annually visit the South Asian country, which has fought back militancy for decades, to undergo specialized military training.


Pakistan’s Rawalpindi administration to deploy over 5,000 cops for next month’s PSL matches

Updated 29 February 2024
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Pakistan’s Rawalpindi administration to deploy over 5,000 cops for next month’s PSL matches

  • Pakistan’s eastern Rawalpindi city will host Pakistan Super League matches from March 2-10
  • Snipers, police to be stationed along ‘critical routes’ and at rooftops near stadium says state media

ISLAMABAD: The administration in Pakistan’s Rawalpindi has taken “extensive measures” to provide security to players and citizens as the city gears up to host the remaining matches of the Pakistan Super League (PSL) 2024 tournament next month, state-run media reported on Thursday.
Pakistan’s eastern city of Rawalpindi will host PSL matches from March 2-10. PSL matches every year draw thousands of people to stadiums in Lahore, Multan, Karachi and Rawalpindi, where matches are usually held. The PSL also features apart from local cricket stars, international cricketers of renown. 
The Rawalpindi administration has finalized a security plan ahead of the tournament’s matches, the Associate Press of Pakistan (APP) said in a report, amid a surge in militant attacks across the country. 
“Under the security plan finalized for PSL matches, over 5,000 police personnel, including elite forces, would be deployed to provide foolproof security cover to the matches,” the APP said. 
It said the security plan includes closing stations, managing traffic, and “strict surveillance” to ensure the safety of the cricketers, officials and spectators. 
It said around 750 police officers would be tasked with managing the teams’ movement from the Islamabad airport across the districts of Attock and Rawalpindi.
“Snipers, along with police equipped with advanced security tools, would be stationed along critical routes and rooftops near the stadium,” the report said. “These measures are designed to ensure a secure environment for the event.”
It said Rwalpindi’s traffic police has also developed a traffic management plan to cope with the expected increase in vehicles during the matches. 
Pakistani authorities have been wary of attacks targeting cricketers and cricket events, especially since 2009 when militants attacked the Sri Lankan cricket team in Lahore. The incident scared international teams from touring Pakistan, forcing the South Asian country to choose the UAE as its home ground for several years before international teams started touring the country again.
Pakistan has seen a surge in militant violence, especially in its western regions bordering Afghanistan, since November 2022 after a fragile truce between the state and the Pakistani Taliban broke down.