ISLAMABAD: Pakistan Navy warship Hunain made its maiden voyage from Romania to Pakistan and visited Salalah, Oman, along the way, participating in a bilateral exercise with the Royal Omani Navy, Radio Pakistan reported on Thursday.
Earlier this week, the navies of Pakistan and Oman also conducted a bilateral exercise during the Regional Maritime Security Patrol (RMSP) in the Gulf of Oman, “demonstrating interoperability” to undertake joint operations in the region.
Pakistan regularly conducts bilateral exercises with the navies of friendly countries to enhance maritime cooperation, promote regional stability, and strengthen overall ties. These exercises focus on improving interoperability, tactical operations and counter-terrorism capabilities. The Pakistan Navy also showcases its commitment through these exercises to collaborate with allies on maritime security efforts.
“Upon arrival at Salalah port, Pakistan Navy ship was warmly welcomed by Officers of Royal Navy of Oman,” Radio Pakistan said. “During stay at port, various bilateral activities and exchange visits were conducted to share professional knowledge and experience. Upon completion of port call, PNS HUNAIN conducted a sea exercise with Royal Navy of Oman Ship RNOV SADH to enhance interoperability between the two navies.”
Hunain is the third of Pakistan’s four yarmook-class corvettes being constructed at the Damen Naval Shipyard in Romania. Its induction ceremony will be held on Sept. 6.
Pakistan Navy warship Hunain joins bilateral exercise in Oman
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Pakistan Navy warship Hunain joins bilateral exercise in Oman
- Hunain made its maiden voyage from Romania to Pakistan and visited Salalah in Oman along the way
- Hunain is third of Pakistan’s four yarmook-class ships being built at Damen Naval Shipyard in Romania
World Bank president in Pakistan to discuss development projects, policy issues
- Pakistan, World Bank are currently gearing up to implement a 10-year partnership framework to grant $20 billion loans to the cash-strapped nation
- World Bank President Ajay Banga will hold meetings with Pakistan Prime Minister Shehbaz Sharif and other senior officials during the high-level visit
ISLAMABAD: World Bank President Ajay Banga has arrived in Pakistan to hold talks with senior government officials on development projects and key policy issues, Pakistani state media reported on Sunday, as Islamabad seeks multilateral support to stabilize economy and accelerate growth.
The visit comes at a time when Pakistan and the World Bank are gearing up to implement a 10-year Country Partnership Framework (CPF) to grant $20 billion in loans to the cash-strapped nation.
The World Bank’s lending for Pakistan, due to start this year, will focus on education quality, child stunting, climate resilience, energy efficiency, inclusive development and private investment.
"World Bank President Ajay Banga arrives in Pakistan for a high-level visit," the state-run Pakistan TV Digital reported on Sunday. "During his stay, he will meet Prime Minister Shehbaz Sharif and other senior officials to discuss economic reforms, development projects, and key policy issues."
Pakistan, which nearly defaulted on its foreign debt obligations in 2023, is currently making efforts to stabilize its economy under a $7 billion International Monetary Fund (IMF) program.
Besides efforts to boost trade and foreign investment, Islamabad has been seeking support from multilateral financial institutions to ensure economic recovery.
“This partnership fosters a unified and focused vision for your county around six outcomes with clear, tangible and ambitious 10-year targets,” Martin Raiser, the World Bank vice president for South Asia, had said at the launch of the CPF in Jan. last year.
“We hope that the CPF will serve as an anchor for this engagement to keep us on the right track. Partnerships will equally be critical. More resources will be needed to have the impact at the scale that we wish to achieve and this will require close collaboration with all the development partners.”
In Dec., the World Bank said it had approved $700 million in financing for Pakistan under a multi-year initiative aimed at supporting the country's macroeconomic stability and service delivery.
It followed a $47.9 million World Bank grant in August last year to improve primary education in Pakistan's most populous Punjab province.
