Pakistani PM to kick off World Economic Forum engagements today in Davos

People at the Congress Center where the World Economy Forum take place in Davos, Switzerland, on January 14, 2024. (AP)
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Updated 15 January 2024
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Pakistani PM to kick off World Economic Forum engagements today in Davos

  • Caretaker PM Anwaar-ul-Haq Kakar arrived in Zurich on Sunday evening for the summit 
  • Kakar to lead ‘Invest in Pakistan’ event at World Economic Forum, deliver keynote address

ISLAMABAD: Pakistan’s Caretaker Prime Minister Anwaar-ul-Haq Kakar will participate in the World Economic Forum (WEF) summit in Davos which kicks off today, Monday, to meet key business and government leaders to discuss global issues of importance at the sidelines of the event. 

Kakar arrived in Switzerland’s Zurich city on Sunday evening to attend the summit. Pakistan’s foreign office said last week Kakar would visit Davos from January 15-19 for the 54th WEF summit. It said Kakar would attend three key thematic events during the official trip, which include: Preventing An Era of Global Conflict, Restoring Faith in the Global System, and Preventing Economic Fracture.

The Pakistani premier would also deliver a keynote address for a session titled: ‘Trade Tech’s Trillion Dollar Promise.’

“During his visit, Prime Minister Kakar would lead a special ‘Invest in Pakistan’ event,” Pakistan Television News (PTV News) wrote on social media platform X, formerly Twitter, on Sunday. 

The WEF describes itself as an international organization for public-private cooperation. It engages the foremost political, business, cultural, and other leaders of society to shape global, regional, and industry agendas.

The forum was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. The theme of this year’s meeting is “Rebuilding Trust.”

Pakistan used last year’s WEF summit to spotlight the immense damages inflicted by the disastrous 2022 floods and seek international economic assistance from world powers.

This year, the South Asian country’s prime minister heads to the summit as Pakistan gears up for elections less than a month away, rising security challenges in its western borders with Afghanistan, and an economic crisis that has triggered inflation in many parts of the country, plummeted its foreign exchange reserves and weakened its national currency. 


Pakistan extends airspace ban on Indian-registered aircraft by another month

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Pakistan extends airspace ban on Indian-registered aircraft by another month

  • This is the 8th extension of the ban after an attack in Indian-administered Kashmir triggered an India-Pakistan conflict in May
  • The restriction has forced Indian airlines to reroute their flights, increasing fuel consumption, travel times and operating costs

ISLAMABAD: Pakistan has extended a ban on Indian-registered aircraft from using its airspace until late February, the Pakistan Airports Authority said on Wednesday, prolonging restrictions that have disrupted flight routes for Indian airlines.

Pakistan first imposed the restriction on April 24 as part of a series of tit-for-tat measures announced by both countries days after an attack in Indian-administered Kashmir.

New Delhi blamed the attack, which killed 26 tourists, on Pakistan. Islamabad denied any involvement and called for a credible, international investigation into the attack.

Tensions quickly escalated after India targeted several sites in Pakistan and Azad Kashmir, triggering intense missile, drone and artillery exchanges before a US-brokered ceasefire took effect on May 10.

“The ban on Indian flights has been extended till 5am on February 24,” the PAA said in a statement. “The ban will apply to aircraft owned, operated or leased by Indian airlines, including military flights.”

This marks the eighth extension of the ban, which has forced Indian airlines to reroute international flights, increasing fuel consumption, travel times and operating costs.

Last month, Pakistan accused India of blocking humanitarian assistance destined for Sri Lanka after Cyclone Ditwah, saying a special Pakistani aircraft carrying aid was forced to wait more than 60 hours for overflight clearance.

Pakistan later sent relief supplies and rescue teams to the island nation by sea, officials said.