Senior World Bank official concludes Pakistan trip after discussing reforms with officials

World Bank Vice President for South Asia Martin Raiser meets Pakistan's Prime Minister Shehbaz Sharif in Islamabad, Pakistan on May 8, 2024. (PID)
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Updated 08 May 2024
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Senior World Bank official concludes Pakistan trip after discussing reforms with officials

  • World Bank Vice President for South Asia Martin Raiser meets PM Sharif, key officials in Islamabad
  • Raiser praises Pakistan’s reform plans to boost growth, attract private investment and tackle poverty

ISLAMABAD: A senior World Bank official concluded his three-day visit to Pakistan on Wednesday, holding discussions with Prime Minister Shehbaz Sharif and key government ministers on Islamabad’s fiscal and economic reforms, a statement from the international institution said. 

World Bank Vice President for South Asia Martin Raiser arrived in the federal capital on May 6, with his visit taking place as Pakistan faces a chronic balance of payment crisis, forcing it to turn to the International Monetary Fund (IMF) for a new long-term bailout deal. 

Pakistan has faced the challenges of revenue generation and government expenditure in the past and struggled with high levels of debt, a large fiscal deficit and an ongoing need for structural reforms to improve its fiscal sustainability.

“The World Bank Vice President for South Asia, Martin Raiser, concluded his three-day visit to Pakistan today and reaffirmed the World Bank’s support to stabilize the economy and accelerate inclusive and resilient growth,” a press release by the international institution read. 

It said Raiser met Sharif, ministers of finance, water, power, energy, and petroleum, and his counterparts to discuss Pakistan’s development priorities. 

“The discussions focused on economic and fiscal reforms, human capital development, adaptation to climate change, energy sector reforms, and digitalization as a foundational enabler and accelerator of development,” the World Bank added. \

Raiser said he was pleased to learn of Pakistan’s reform plans to boost growth and attract private investment, strengthen climate resilience, and invest in human capital to tackle daunting challenges such as child stunting and poverty. 

The World Bank official also visited Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province to meet Chief Minister Ali Amin Gandapur. 

“Discussions focused on the provincial developmental priorities and how can the World Bank step up its support in key sectors, like education, water and sanitation, health, rural roads, and livelihoods,” the statement said. 

He also attended a national conference on education in Islamabad, where PM Sharif also spoke. Raiser reaffirmed the World Bank’s commitment to urgent action to tackle the large number of out-of-school children in Pakistan.


Pakistan’s PM urges world to rein in Israel as it intensifies Rafah military offensive 

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Pakistan’s PM urges world to rein in Israel as it intensifies Rafah military offensive 

  • Israel has intensified bombardment of Rafah, killing dozens of Palestinian civilians since last week
  • Sharif lauds Spain, Norway and Ireland for recognizing Palestinian state, hopes others follow suit 

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday urged world powers to play their role in ending Israel’s war on Gaza, as the Jewish state pushes on with its military campaign in Rafah despite global protests and outrage. 

The prime minister’s televised comments came as Israel ramped up its military operations against Hamas in Rafah, which it launched earlier this month. 

Israel has vowed to destroy the remaining Hamas battalions in the city in southern Gaza, where it says it believes Israeli hostages are also being held. Its offensive in Rafah since last week has killed dozens of Palestinians as NGOs and professional unions declared Gaza a “famine-stricken” zone.

Israel’s war on Gaza, which is about to enter its eighth month, has caused widespread outrage in many parts of the world owing to mounting civilian casualties. Israel has killed over 36,000 people in its military campaigns, including women and children, in Gaza since Oct. 7 when it retaliated to a surprise attack from Hamas. 

“I urge world powers to play their role in helping Palestinians get their rights,” Sharif said on Thursday. “We pray to God to bring a halt to this unjust war.”

Sharif lauded the governments of Norway, Spain and Ireland for recognizing Palestine as a state, hoping others would follow suit. 

“I believe this will give courage to other states to raise their voice with these European nations to demand a separate, independent homeland for Palestinians and will also put in efforts to do so,” he said. 

The Pakistani prime minister thanked Muslim states for raising their voices for the people of Palestine at global forums such as the Organization of Islamic Cooperation (OIC) and the United Nations. 

“The Saudi crown prince is taking the lead in this and also Qatar, UAE, Kuwait and other countries are involved too,” he said. 

Pakistan does not have diplomatic relations with Israel. The South Asian country has called for an unconditional ceasefire and a separate homeland for Palestinians according to the wishes of the Palestinian people. 


Pakistan inks agreements with Kuwait in industrial cooperation, engineering amid investment push 

Updated 30 May 2024
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Pakistan inks agreements with Kuwait in industrial cooperation, engineering amid investment push 

  • Pakistan’s Privatization and Investment Minister Abdul Aleem Khan participates in joint ministerial commission meeting in Kuwait 
  • Khan says Pakistan to “soon” start visa on arrival service for GCC countries, hopes for visa relaxation for Pakistanis as well

ISLAMABAD: Pakistan and Kuwait signed agreements on industrial cooperation and engineering on Thursday, Pakistan’s privatization ministry said, as both countries vowed to enhance bilateral economic ties for their mutual benefit. 

The agreements were signed as Pakistan’s Minister of Communications, Investment Board and Privatization Abdul Aleem Khan led a delegation of officials to Kuwait for the fifth joint ministerial commission meeting between the two countries. 

Pakistan has increasingly sought to attract foreign investment, particularly from Gulf countries such as Saudi Arabia, UAE, Oman, Qatar and Kuwait as it struggles with a macroeconomic crisis that has depleted its reserves and caused inflation to surge. 

“Pakistan and Kuwait signed agreements in the fields of industrial cooperation and engineering,” a statement from the privatization ministry said. 

“Federal Minister for Investment Abdul Aleem Khan and Kuwait’s Minister of Commerce and Industry Omar Saud Al-Omar signed the agreements.”

Khan said during the meeting that Pakistan would appoint a commercial consular in Kuwait to promote its business activities in the Gulf country. He added Pakistan would promote bilateral cooperation in pharmaceuticals, engineering and automotive sectors with Kuwait. 

He said Pakistan aims to invest more in the food, textile and energy sectors with Kuwait. The Pakistani minister hoped for relaxation in visa restrictions from Kuwait. 

“We will soon start visa on arrival for GCC countries,” Khan said. “We will provide Kuwait with a Pakistani workforce of veterinary staff, doctors, nurses and from other important sectors.”

During Kakar’s Nov. 2023 visit to Kuwait, various memoranda of understanding aimed at boosting cooperation in the fields of manpower, information technology, mineral exploration, food security, energy and defense were signed between the two countries. 

His visit to the country came a few months after Pakistan established the Special Investment Facilitation Council (SIFC), a civil-military hybrid body designed to oversee foreign financing with a specific focus on the Gulf region in key economic sectors. 


Azerbaijan urges Pakistani businesses to capitalize on global transit corridors connecting both states

Updated 30 May 2024
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Azerbaijan urges Pakistani businesses to capitalize on global transit corridors connecting both states

  • Azerbaijan’s foreign minister is in Islamabad on a two-day visit to review bilateral ties
  • Pakistan seeks to enhance role as pivotal trade, transit hub connecting Central Asia with world

ISLAMABAD: Azerbaijan’s Foreign Minister Jeyhun Bayramov urged Pakistani businesspersons on Thursday to capitalize on opportunities provided by international transit corridors passing through the Central Asian country as Islamabad eyes greater regional trade and connectivity. 

Bayramov arrived in Islamabad on Wednesday night for a two-day visit during which he met Pakistan’s Deputy Prime Minister Ishaq Dar and held delegation-level talks. According to Pakistan’s foreign office, both sides reviewed progress on bilateral relations and exchanged views on regional and global developments.

Pakistan has aimed to enhance its role as a pivotal trade and transit hub connecting the Central Asian republics with the rest of the world, leveraging its strategic geographical position.

One of the main international transit corridors Pakistan can use to enhance regional trade is the Trans-Caspian International Transport Route (TITR), also referred to as the Middle Corridor. It begins from southeast Asia and China, crosses Kazakhstan and connects to Azerbaijan through the Caspian Sea. From there, the route proceeds to Georgia, Turkiye, and Europe. It is utilized extensively in both directions.

“We invite Pakistani business representatives to consider the opportunities provided by the international transit corridors passing through the territory of Azerbaijan and the Baku International Sea Trade Port,” Bayramov said as he spoke at a joint media briefing with Dar in Islamabad.

The Baku port, situated at a pivotal intersection with Europe to the west, Asia to the east, and the Middle East to the south, serves as a hub for connecting these three major regions.

Relations between Pakistan and Azerbaijan have strengthened recently, particularly in defense, energy, and trade. Last year, they signed an agreement for discounted LNG supplies from Azerbaijan to Pakistan to boost Pakistan’s energy reserves. 

Pakistan also seeks to boost its status as a key trade link between Central Asia and the world through the ambitious China-Pakistan Economic Corridor (CPEC) project. China has invested over $65 billion in the energy and infrastructure corridor which aims to enhance both countries’ connectivity and improve Pakistan’s infrastructure. 

Bayramov said Azerbaijan was also investing heavily in railroad infrastructure, both in its territory and neighborhood.

“At the same time we are aware of the China-Pakistan Economic Corridor (CPEC) and we believe that the transit transportation dimension of this project can also be a very good synergy when we talk about the participation of both countries in connectivity, in trade, and we see great potential here, and it was one of the topics of today’s discussions,” the Azeri foreign minister said. 

Pakistan has sought third-party investment in CPEC for which it has invited Saudi Arabia, Turkiye, Germany, UAE, Iran, Indonesia and Afghanistan to join the multi-billion-dollar project. However, there has been no progress on that front.

Dar, meanwhile, said both countries agreed to further enhance multifaceted cooperation in trade, investment, connectivity, security, energy, and defense.

The Pakistani deputy premier also sought support from Azerbaijan in the upcoming election for non-permanent members of the United Nations Security Council (UNSC) where Pakistan is vying to be elected for the eighth time.

Elections for five of the 10 non-permanent seats on the UN Security Council for 2025-26 are scheduled for June 6.

“I will take this opportunity for your [Azerbaijan] great support for our candidature as the non-permanent member of the UN Security Council for the election which is going to be held on the 6th of June next month,” Dar added.

'PAKISTAN’S ADVANTAGEOUS LOCATION'

Taimur Ali, who works at the Central Asia section at the Institute of Strategic Studies Islamabad, said Pakistan’s growing inclination toward maintaining beneficial bilateral and multilateral relations with Central Asian republics stemmed from Islamabad’s comprehensive national security policy, which was published in 2022.

“Apart from this, the tilt toward Central Asian republics is a factor in the overall Eurasian integration process as well, because Pakistan’s strategic location is at a very advantageous position, which plays the role of a zipper between Central Asian and South Asian countries,” he told Arab News.

He said Pakistan wants to remain connected to Central Asian states through CPEC to derive maximum benefits from the mega project.

“Since Central Asian republics are geographically very close to Pakistan and CPEC-related projects, it is but natural that Pakistan would invite all Central Asian countries to invest and be a part of the CPEC project,” he explained.


Pakistan election was ‘biggest robbery’, says ex-PM Imran Khan

Updated 30 May 2024
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Pakistan election was ‘biggest robbery’, says ex-PM Imran Khan

  • These were first remarks made by former PM, who is incarcerated in Rawalpindi’s central jail 
  • Khan was allowed by top court to plead petitions he filed against amendments to anti-graft laws

ISLAMABAD: Pakistan’s jailed former prime minister Imran Khan said on Thursday that February’s national election was stolen from his party, describing it as the “biggest robbery of a public mandate.”

Khan, speaking in the Supreme Court via video link from Adiala jail in the garrison city of Rawalpindi, said he was being held in solitary confinement.

His remarks were the first to be heard in open court since he was jailed in August.

“My party is being victimized. There have been gross human rights violations,” Khan said. “The February 8 election was the biggest robbery of a public mandate.”

The Election Commission has denied the election was rigged.

Khan, a 71-year-old cricketer-turned-politician, was jailed on corruption charges. He is also fighting dozens of other cases.

He and his Pakistan Tehreek-e-Insaf Party (PTI) say the charges were politically motivated to thwart his return to power.

Candidates backed by Khan won the most seats in February’s election but fell short of a majority required to form a government. His opponent Shehbaz Sharif became prime minister in a coalition government with several other parties.

Khan was allowed by the top court to appear and plead petitions he had filed against amendments in the country’s anti-graft laws, which he claims were made to favor corrupt politicians.

The court, however, turned down his request to live-stream the proceedings. It said it was not a public interest case, according to a Reuters reporter inside the court room.

Khan has previously been speaking to a select group of reporters who are allowed to cover his closed-door trials conducted inside the jail.

His aides have been conveying his messages after visiting him and his social media accounts remain active, but it is unclear who is operating them.

He has faced numerous cases since his ouster in 2022 in a parliamentary vote of confidence, which he alleged was backed by the powerful military after he had fallen out with the army generals.

The army denies the accusations.


Close to 600,000 Afghans expelled from Pakistan since deportation drive launched last year

Updated 30 May 2024
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Close to 600,000 Afghans expelled from Pakistan since deportation drive launched last year

  • Radio Pakistan says 13,206 Afghan nationals repatriated over last ten days
  • Islamabad blames Afghans for militant violence, smuggling, other crimes

ISLAMABAD: The repatriation of illegal foreigners living in Pakistan continues with more than 10,000 Afghan nationals expelled over the last ten days, state broadcaster Radio Pakistan said on Thursday, bringing the total number of those deported close to 600,000. 
The government launched a deportation drive last year after a spike in suicide bombings which the Pakistan government, without providing any evidence, says were carried out by Afghan nationals. Islamabad has also blamed them for smuggling, militant violence and other crimes. 
A cash-strapped Pakistan that was navigating its record inflation, alongside a tough International Monetary Fund bailout program last year, had also said undocumented migrants had drained its resources for decades.
“590,445 Afghans have so far been repatriated to Afghanistan,” Radio Pakistan said on Thursday. “According to the latest statistics, 13,206 Afghan nationals returned to their country over the last ten days.”
Until the government initiated the expulsion drive last year, Pakistan was home to over four million Afghan migrants and refugees out of which around 1.7 million were undocumented. 
Afghans make up the largest portion of migrants, many of whom came after the Taliban took over Kabul in 2021, but a large number have been present since the 1979 Soviet invasion of Afghanistan.
Islamabad insists the deportation drive is not aimed specifically at Afghans but at all those living illegally in Pakistan. 
In October 2023, Pakistan announced phase one of the “Illegal Foreigners’ Repatriation Plan” with a 30-day deadline for “undocumented” aliens to leave the country or be subject to deportation, putting 1.4 million Afghan refugees at risk.
In phase two of the “repatriation plan,” around 600,00 Afghans who held Pakistan-issued Afghan citizenship cards (ACCs) will be expelled while phase three was expected to target those with UNHCR-issued Proof of Registration (PoR) cards.
In April, the Ministry of States and Frontier Regions (SAFRON) issued a notification validating the extension of the POR card till June 30 this year.
Before the deportation drive, many people used to cross the Pak-Afghan border back and forth for business and personal purposes daily. The main entry points into Afghanistan are the borders in the Kandahar and Nangarhar provinces.
The deportation drive had led to a spike in tensions between Pakistan and the Taliban rulers in Afghanistan. The Taliban deny militants are using Afghan soil to launch attacks, calling Pakistan’s security challenges a domestic issue.