ISLAMABAD: Pakistan’s top civilian and military leaders will carry out a security review on Friday on the standoff with Iran, the information minister said, after the neighbors carried out drone and missile strikes on militant bases in each other’s territory.
Caretaker Prime Minister Anwaar ul Haq Kakar will chair a meeting of the National Security Committee, with all the military services chiefs in attendance, the minister, Murtaza Solangi, told Reuters by telephone.
It aims at a “broad national security review in the aftermath of the Iran-Pakistan incidents,” Solangi said. Kakar cut short a visit to the World Economic Forum in Davos and flew home on Thursday.
The tit-for-tat strikes by the two countries are the highest-profile cross-border intrusions in recent years and have raised alarm about wider instability in the Middle East since the war between Israel and Hamas erupted on Oct. 7.
However, both sides have already signalled a desire to cool tensions, the highest in years, although they have had a history of rocky relations.
Iran said Thursday’s strikes killed nine people in a border village on its territory, including four children. Pakistan said the Iranian attack on Tuesday killed two children.
United Nations Secretary-General Antonio Guterres urged the two nations to exercise maximum restraint. The US also urged restraint although President Joe Biden said the clashes showed that Iran is not well liked in the region.
Islamabad said it hit bases of the separatist Baloch Liberation Front and Baloch Liberation Army, while Tehran said its drones and missiles targeted militants from the Jaish al Adl (JAA), a third group.
The targeted militant groups operate in an area that includes Pakistan’s southwestern province of Balochistan and Iran’s southeastern Sistan-Baluchestan province. Both are restive, mineral-rich and largely underdeveloped.
The groups which Islamabad targeted inside Iran have been waging an armed insurgency for decades against the Pakistani state, including attacks against Chinese citizens and investments in Balochistan.
The JAA, which Iran targeted, is also an ethnic militant group, but with Sunni Islamist leanings that primarily Shiite Iran sees as a threat.
The group, which has had links to Islamic State, has carried out attacks in Iran against its powerful Revolutionary Guard Corps.
Against the backdrop of the war in Gaza, Iran and its allies had been flexing their muscles in the region, even before its cross-border incursion into Pakistan.
Iran launched strikes on Syria against what Tehran said were Islamic State sites, and Iraq, where it said it had struck an Israeli espionage center.
The Iran-backed Houthi militia in Yemen have targeted shipping in the Red Sea since November, saying they are acting in solidarity with Palestinians.
Pakistan’s civil, military leaders to review Iran standoff — minister
https://arab.news/4tc8a
Pakistan’s civil, military leaders to review Iran standoff — minister
- Neighbours carried out drone and missile strikes on militant bases in each other’s territory this week
- PM Kakar cut short a visit to the World Economic Forum in Davos and flew home on Thursday
Pakistan, ADB sign $730 loan agreements to boost SOE reforms, energy infrastructure
- Both sign $330 million Power Transmission Strengthening Project and $400 million SOE Transformation Program loan agreements
- Economic Affairs Division official says Transmission Project will secure Pakistan’s energy future by strengthening national grid’s backbone
KARACHI: Pakistan and the Asian Development Bank (ADB) on Thursday signed two loan agreements totaling $730 million to boost reforms in state-owned enterprises (SOEs) and energy infrastructure in the country, the bank said.
The first of the two agreements pertains to the SOE Transformation Program worth $400 million while the second loan, worth $330 million, is for a Power Transmission Strengthening Project, the lender said.
The agreements were signed by ADB Country Director for Pakistan Emma Fan and Pakistan’s Secretary of Economic Affairs Division Humair Karim.
“The agreements demonstrate ADB’s enduring commitment to supporting sustainable and inclusive economic growth in Pakistan,” the ADB said.
Pakistan’s SOEs have incurred losses worth billions of dollars over the years due to financial mismanagement and corruption. These entities, including the country’s national airline Pakistan International Airlines, which was sold to a private group this week, have relied on subsequent government bailouts over the years to operate.
The ADB approved the $400 million loan for SOE reforms on Dec. 12. It said the program seeks to improve governance and optimize the performance of Pakistan’s commercial SOEs.
Karim highlighted that the Power Transmission Strengthening Project will enable reliable evacuation of 2,300 MW from Pakistan’s upcoming hydropower projects, relieve overloading of existing transmission lines and enhance resilience under contingency conditions, the Press Information Department (PID) said.
“The Secretary emphasized that both initiatives are transformative in nature as the Transmission Project will secure Pakistan’s energy future by strengthening the backbone of the national grid whereas the SOE Program will enhance transparency, efficiency and sustainability of state-owned enterprises nationwide,” the PID said.
The ADB has supported reforms by Pakistan to strengthen its public finance and social protection systems. It has also undertaken programs in the country to help with post-flood reconstruction, improve food security and social and human capital.
To date, ADB says it has committed 764 public sector loans, grants and technical assistance totaling $43.4 billion to Pakistan.










