Pakistani cricket star Afridi under fire after photo at pro-Israel event in UK

This photograph, posted by pro-Israeli group ‘NW Friends of Israel’ on June 19, 2024 on social media platform X, shows Pakistan’s former cricketer Shahid Afridi with NWFOI representatives during an event in Manchester on June 16, 2024. (Photo courtesy: X/@NorthWestFOI)
Short Url
Updated 20 June 2024
Follow

Pakistani cricket star Afridi under fire after photo at pro-Israel event in UK

  • Afridi says he thought it was ‘just a selfie’ with fans after the group said he stopped to offer support for hostage release
  • Pakistani cricketer asks the group to delete the post, says he prays for peace and freedom for the people of Palestine

ISLAMABAD: Former Pakistan cricketer Shahid Afridi expressed solidarity with Palestinians on Wednesday after a pro-Israel group shared his photograph taken with its members in Manchester, United Kingdom, in a social media post, saying that he stopped to offer support for its calls for the release of Israeli hostages from Gaza.
Over 200 Israelis were taken hostage by Hamas in an attack on October 7 which the group said was in response to the deteriorating condition of Palestinians living under Israeli occupation.
The incident was followed by Israeli airstrikes and ground invasion of Gaza that led to the killing of over 37,000 Palestinians, mostly women and children, along with the widespread destruction of civilian infrastructure in the area.
While the international community has widely viewed Israel’s response to the Hamas attack as disproportionate, several pro-Israel groups have continued to protest worldwide while demanding the return of the hostages from Gaza.
“Imagine strolling down a street in Manchester (UK) and so-called fans approach you for a selfie,” Afridi said on social media platform X. “You oblige, and moments later, they upload it as some form of Zionist endorsement.”
“Unbelievable,” he continued. “Please don’t believe everything that is uploaded.”
The Pakistani cricketer said it was “truly heartbreaking” to see how Palestinians were targeted by Israel in Gaza.
“Thus, any photo or association shared by in Manchester does not reflect my support for any situation where human lives are at stake,” he said.
Afridi noted he took pictures with fans everywhere, adding that this situation was no different.
“I pray for peace, I pray for an end to this war, I pray for freedom,” he said.

Afridi’s picture was shared by a group called North West Friends of Israel, featuring him with two of its top officials during a street demonstration, where people holding placards can be seen in the background.
One of the group’s officials is also seen holding pro-Israel pamphlets in the frame, which demand the release of hostages.
Afridi later criticized the group, saying he thought it was “just a selfie” with fans.
“I do not endorse your Tweet,” he added. “As a Muslim I pray for peace across the world. Please delete this post as it’s not accurate!”

 The group, however, claimed that the picture was taken by Afridi’s own camera with hostage placards and leaflets.
“You spoke to us of your own FREE will and posed for a selfie with hostage leaflets to support our cause,” it said. “It’s hugely disappointing you have caved in to those who would oppose the release of innocent babies, children, women and men held hostage by the terrorists of Hamas.”


Pakistan targets January launch of first-ever Panda bond

Updated 4 sec ago
Follow

Pakistan targets January launch of first-ever Panda bond

  • $1 billion yuan bond program to diversify funding, ease external financing pressures
  • Inaugural $250m tranche planned pending Chinese regulatory approvals

KARACHI: Pakistan is aiming to launch its first-ever Panda bond — a yuan-denominated bond issued in China’s domestic market — in January, as the government looks to diversify external funding sources and strengthen debt sustainability under ongoing economic reforms, the finance ministry said on Friday.

The planned issuance would mark Pakistan’s debut in China’s onshore bond market and comes as Islamabad seeks alternatives to dollar-denominated borrowing amid tight global financial conditions and continued reliance on multilateral support.

Panda bonds are renminbi-denominated instruments sold to Chinese investors by foreign governments or companies, offering issuers access to China’s deep domestic capital markets while reducing exposure to foreign-exchange volatility.

“The Panda Bond program is being pursued as a structured and programmatic financing strategy, aligned with prudent debt management objectives,” the finance ministry said in a statement after Finance Minister Muhammad Aurangzeb chaired a review meeting on the planned issuance.

The ministry said Pakistan envisages a Panda bond program of around $1 billion, with an inaugural tranche equivalent to $250 million, subject to final regulatory approvals from Chinese authorities expected by early January. It added that preparatory work for subsequent issuances under a second phase of the program has already begun.

According to the statement, approvals from multilateral partners have been secured and engagement with Chinese institutional investors has so far been “constructive,” reflecting confidence in Pakistan’s macroeconomic stabilization efforts and reform framework. Pricing will be finalized closer to market engagement once regulatory requirements are completed.

Pakistan is operating under a $7 billion, 37-month bailout program with the International Monetary Fund that requires fiscal consolidation, stronger tax collection and structural reforms across energy, state-owned enterprises and the investment climate. The country has faced elevated borrowing costs in international markets in recent years, prompting the government to explore alternative and market-based financing channels, including yuan-denominated instruments.

The finance ministry said the Panda bond would support Pakistan’s medium-term debt sustainability goals by broadening the investor base and reducing reliance on traditional external borrowing sources.