Islamic Development Bank exchanges partnership framework with Pakistan for up to 2025

Islamic Development Bank Regional Hub Turkiye Director Dr Walid Abdelwahab (left) and Ministry of Economic Affairs Secretary Dr Kazim Niaz sign an agreement on March 22, 2024 in Islamabad, Pakistan. (PID)
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Updated 23 March 2024
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Islamic Development Bank exchanges partnership framework with Pakistan for up to 2025

  • Delegation from Jeddah-based multilateral lender will be in Pakistan from March 22-24
  • Pakistan is one of founding members of the bank, third largest beneficiary of its financing

ISLAMABAD: A delegation from the Islamic Development Bank is currently on a three-day visit to Pakistan, state-run APP reported on Saturday, and has exchanged with Pakistani officials an engagement framework outlining strategic directions and priorities of the partnership with the South Asian nation until 2025.

The team from the Jeddah-based multilateral lender will be in Pakistan from March 22-24. Pakistan is one of the founding members of the bank and the third largest beneficiary of its financing.

“The two sides exchanged the IsDB’s Country Engagement Framework (CEF) Document (2023-25), outlining the medium-term strategic directions and priorities of the lender’s partnership with Pakistan up to 2025,” APP reported. 

“The IsDB Group Country Engagement Framework is focused on boosting recovery, tackling poverty and building resilience, and green economic growth which is in line with GOP’s vision and development priorities.”

On the first day of its visit on Friday, the delegation called on Minister for Economic Affairs Ahad Khan Cheema to discuss strengthening partnerships and promoting development initiatives,.

“He acknowledged the efforts of the President IsDB in galvanizing international support for the floods 2022 affectees, by pledging $ 4.2 billion,” a press release said. “Both sides agreed that relations can be further strengthened through mutual collaboration and partnership.”

Cheema also witnessed the signing with the IsDB of a financing agreement worth $200 million for the Sindh Flood Emergency Housing Reconstruction Project. 

The project aims to construct 700,000 houses, benefiting an estimated 4.2 million people in rural areas of the southern province, and will support the creation of 75,000 water, sanitation, and hygiene facilities for over 1.3 million individuals.


Pakistan army chief tells Kabul to choose Islamabad or Taliban militants amid strained ties

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Pakistan army chief tells Kabul to choose Islamabad or Taliban militants amid strained ties

  • Pakistan blames Afghanistan for facilitating cross-border attacks in its territory, allegations that Kabul denies 
  • Ties remain strained since October, when deadly border clashes left dozens dead on both sides of the border

ISLAMABAD: Pakistan’s Chief of Defense Forces Field Marshal Syed Asim Munir has told Afghanistan to choose between Islamabad and the outlawed Tehreek-e-Taliban Pakistan (TTP) militants, state media reported on Sunday as ties between both neighbors remain strained. 

Pakistan’s army and civilian government have both blamed the Afghan Taliban recently for facilitating cross-border attacks in Pakistan, a charge Kabul denies. Afghanistan says it does not allow its territory to be used for attacks against Pakistan and cannot be held responsible for Islamabad’s security challenges. 

Both countries were involved in deadly border clashes in October that saw dozens of soldiers killed and wounded on both sides. Officials from Afghanistan and Pakistan have held peace talks in Qatar, Türkiye and Saudi Arabia over the past few months but failed to reach an agreement. 

“Chief of Army Staff and Chief of Defense Forces Field Marshal Syed Asim Munir has said Afghanistan will have to choose between Fitna Al-Khawarij and Pakistan,” state broadcaster Radio Pakistan reported. 

Munir was addressing the National Ulema and Mashaikh Conference held in Islamabad earlier this month, the state media said.

“Fitna Al-Khawarij” is a term the Pakistan military frequently uses for the TTP. 

Munir highlighted that 70 percent of the TTP’s formations that enter Pakistan from Afghanistan comprise Afghan nationals. 

“He said innocent citizens, including children, are being targeted through terrorism with the backing of the Afghan Taliban,” Radio Pakistan reported. 

While Pakistan and Afghanistan have agreed to a temporary ceasefire, tensions persist between the two nations as militant attacks persist in Pakistan. 

Pakistan summoned Afghanistan’s deputy head of mission on Friday and demanded “decisive action” against TTP militants after four Pakistani soldiers were killed in an attack on a military camp in northwest Pakistan. 

The foreign office said the Afghan government had been informed that Pakistan “reserves the right to defend its sovereignty and protect its citizens” and would take all necessary measures to respond to attacks originating from Afghan territory.

Afghanistan has warned Pakistan in the past against attacking its territory, saying it reserves the right to respond to such provocations.