‘Lost album’ by Pakistan’s legendary Nusrat Fateh Ali Khan releases 30 years after recording

The file photo shows the cover of 'Chain of Light' a lost album by legendary Pakistani musician Ustad Nusrat Fateh Ali Khan. (Photo courtesy: realworldrecords/ website)
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Updated 21 September 2024
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‘Lost album’ by Pakistan’s legendary Nusrat Fateh Ali Khan releases 30 years after recording

  • Chain of Light is an album of previously unheard recordings of Nusrat and his Qawwal party made at Real World Studios in 1990
  • The album includes a pristine recording of much-loved classic ‘Ya Allah Ya Rehman’ as well as a performance of ‘Ya Gaus Ya Meeran’

ISLAMABAD: Chain of Light, a “lost album” of legendary Pakistani musician Nusrat Fateh Ali Khan, has been released on YouTube, the owner of the album’s production company said on Friday, following a series of launch events in Pakistan and abroad.
Chain of Light is a collection of previously unheard recordings of Nusrat and his Qawwal party made at Real World Studios in 1990, when the singer was at the height of his vocal capabilities. Carefully restored from the original analogue tapes, the album includes a pristine recording of the much-loved classic ‘Ya Allah Ya Rehman’ as well as the only known performance of ‘Ya Gaus Ya Meeran.’
The British Council supported the project, with its launch events taking place in Islamabad, Lahore, Karachi, Manchester, Birmingham, London and Paris in the lead up to the official release on Friday.
In a post on X, English singer and songwriter Peter Gabriel, who owns the Real World Records, shared an excerpt from a short film about the story of the album’s re-discovery in the archives of his music production company.
“The new album by @nusratofficial, Chain of Light, is out today on @RealWorldRec,” he said. “It’s available to watch in full on the Real World [Records] YouTube channel.”

 

The project is a collaboration of Pakistan-based Saiyna Bashir Studios, who have been also working on a documentary biopic on the music maestro titled ‘Ustad,’ and Gabriel’s Real World Records. The ‘Ustad’ documentary is slated for release in late 2025.
Last month, British High Commissioner to Pakistan Jane Marriott hosted the highly anticipated launch of the album in Islamabad.
“Chain of Light is not just about rediscovering a lost masterpiece of Nusrat Fateh Ali Khan, it’s about reigniting the cultural connection that his music has always fostered between Pakistan and the world,” Maarya Rehman, deputy director at the British Council Pakistan, said in a statement ahead of the Islamabad launch.
“Through these launch events we hope to celebrate his enduring legacy and the universal language of music that transcends borders and unites us all.”
The late Nusrat is universally recognized as one of the greatest voices in musical history and played a pivotal role in bringing Qawwali, a Sufi devotional music tradition, to the Western world. In his lifetime, he collaborated with many Western musicians, including Peter Gabriel, Eddie Vedder, lead vocalist, primary lyricist, and one of three guitarists for the rock band Pearl Jam, and Michael Brook, whose collaborations with musicians around the world have made him one of the most sought-after producers in the music industry. Nusrat’s vocals appeared on soundtracks to films directed by legends like Martin Scorsese, Oliver Stone and Tim Robbins.
Even today, on Spotify, Nusrat is one of the top 10 most listened to artists. According to Spotify Analytics, a substantial 37 percent of Nusrat’s listeners are between 18 and 22 years old. The second largest segment is 23 to 27-year-olds with 24 percent, while 28-34 year-olds along with those under 18 years of age make up 14 percent of his audience respectively on the audio streaming service.
USTAD THE FILM
Saiyna Bashir Studios, an Islamabad based production company, has spent the last three years researching, developing, and raising funds for a documentary film on the life, death and music of Nusrat. The team have filmed Nusrat’s long standing collaborators Peter Gabriel and Michael Brook as well as two Nusrat biographers, the ethnomusicologist who inducted Nusrat to the University of Washington in Seattle as a professor, Nusrat’s childhood friend and physician, his secretary, and his devoted tabla accompanist.
Nusrat’s manager and translator Rashid Ahmed Din, who has also translated the new album Chain of Light, was also interviewed recently.
“It was during the production of the teaser that the team became privy to the existence of a new album,” the British Council said in a statement.
“With Real World Records’ permission, musician Michael Brook played the filmmakers excerpts from Chain of Light — an on-camera ‘first look’ effectively.”

 


Islamabad dismisses claims about paying up to 8 percent interest on foreign loans as ‘misleading’

Updated 22 February 2026
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Islamabad dismisses claims about paying up to 8 percent interest on foreign loans as ‘misleading’

  • Pakistan has long relied on external loans to help bridge persistent gaps in public finances and foreign exchange reserves
  • Pakistan’s total external debt, liabilities stand at $138 billion at an overall average cost of around 4 percent, ministry says

KARACHI: Pakistan’s finance ministry on Sunday dismissed as “misleading” claims that the country is paying up to 8 percent interest on external loans, saying the overall average cost of external public debt is approximately 4 percent.

Pakistan has long relied on external loans to help bridge persistent gaps in public finances and foreign exchange reserves, driven largely by a narrow tax base, chronic trade deficits, rising debt-servicing costs and repeated balance-of-payments pressures.

Over the decades, successive governments have turned to multilateral and bilateral lenders, including the International Monetary Fund, the World Bank and the Asian Development Bank, to support budgetary needs and shore up foreign exchange reserves.

The finance ministry on Sunday issued a clarification in response to a “recent press commentary” regarding the country’s external debt position and associated interest payments, and said the figures required contextual explanation to ensure accurate understanding of Pakistan’s external debt profile.

“Pakistan’s total external debt and liabilities currently stand at $138 billion. This figure, however, encompasses a broad range of obligations, including public and publicly guaranteed debt, debt of Public Sector Enterprises (both guaranteed and non-guaranteed), bank borrowings, private-sector external debt, and intercompany liabilities to direct investors. It is therefore important to distinguish this aggregate figure from External Public (Government) Debt, which amounts to approximately $92 billion,” it said.

“Of the total External Public Debt, nearly 75 percent comprises concessional and long-term financing obtained from multilateral institutions (excluding the IMF) and bilateral development partners. Only about 7 percent of this debt consists of commercial loans, while another 7 percent relates to long-term Eurobonds. In light of this composition, the claim that Pakistan is paying interest on external loans ‘up to 8 percent’ is misleading.

The overall average cost of External Public Debt is approximately 4 percent, reflecting the predominantly concessional nature of the borrowing portfolio.”

With respect to interest payments, public external debt interest outflows increased from $1.99 billion in Fiscal Year (FY) 2022 to $3.59 billion in FY2025, representing an increase of 80.4 percent, not 84 percent as reported. In absolute terms, interest payments rose by $1.60 billion over this period, not $1.67 billion, it said.

According to the State Bank of Pakistan’s records, Pakistan’s total debt servicing payments to specific creditors during the period under reference were as follows: the IMF received $1.50 billion, of which $580 million constituted interest; Naya Pakistan Certificates payments totaled $1.56 billion, including $94 million in interest; the Asian Development Bank received $1.54 billion, including $615 million in interest; the World Bank received $1.25 billion, including $419 million in interest; and external commercial loans amounted to nearly $3 billion, of which $327 million represented interest payments.

“While interest payments have increased in absolute terms, this rise cannot be attributed solely to an expansion in the debt stock,” the ministry said. “Although the overall debt stock has increased slightly since FY2022, the additional inflows have primarily originated from concessional multilateral sources and the IMF’s Extended Fund Facility (EFF) under the ongoing IMF-supported program.”

Pakistan secured a $7 billion IMF bailout in Sept. 2024 as part of Prime Minister Shehbaz Sharif’s efforts to stabilize the South Asian economy that narrowly averted a default in 2023. The government has since been making efforts to boost trade and bring in foreign investment to consolidate recovery.

“It is also important to note that the increase in interest payments reflects prevailing global interest rate dynamics. In response to the inflation surge of 2021–22, the US Federal Reserve raised the federal funds rate from 0.75-1.00 percent in May 2022 to 5.25–5.50 percent by July 2023. Although rates have since moderated to around 3.75 percent, they remain significantly higher than 2022 levels,” the finance ministry said.

“The government remains committed to prudent debt management, transparency, and the continued strengthening of Pakistan’s macroeconomic stability,” it added.