Pakistan PM discusses trade, investment in bilateral meetings with British, Iranian and Iraqi leaders

Britain's Prime Minister Keir Starmer meets with Pakistan's Prime Minister Shahbaz Sharif, left, during a bilateral meeting at the consul general's residence around the fringes of the 79th United Nations General Assembly, in New York, US, on September 26, 2024. (AP)
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Updated 27 September 2024
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Pakistan PM discusses trade, investment in bilateral meetings with British, Iranian and Iraqi leaders

  • The meetings were held on the sidelines of UNGA session that Shehbaz Sharif will address later today
  • The prime minister discussed economic situation, climate change impact with his British counterpart

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday continued his bilateral meetings on the sidelines of the 79th Session of the United Nations General Assembly (UNGA), discussing Pakistan’s relations with the top leaders of Britain, Iran and Iraq.
Sharif arrived in New York on Tuesday to attend the annual UNGA session, where he is scheduled to address the world body later today, presenting his country’s stance on Israel’s war on Gaza, the lingering Kashmir dispute and the growing global security deficit.
He met his British counterpart, Keir Starmer, to discuss Pakistan’s long-standing and multifaceted relationship with the United Kingdom, which hosts a large Pakistani diaspora. PM Sharif also accepted an invitation from King Charles III to attend the Commonwealth Heads of Government Meeting in Samoa in October, extended during a telephone call earlier this month.
Pakistan and Iran also share a 959-kilometer frontier, where they set up border markets last year to strengthen commercial ties. The country’s relations with Iraq have enhanced in the past few years through defense cooperation, with Islamabad providing support to Iraqi security forces in their fight against the militant group Daesh.
“Prime Minister Shehbaz Sharif met the Prime Minister of Great Britain, Right Honorable Sir Keir Starmer, Iranian President Dr. Pezeshkian and Iraq PM Mohammad Shia’ Al Sudani today in New York on the sidelines of the 79th session of the UNGA in New York,” the PM Office said on Thursday.




Pakistan Prime Minister Shehbaz Sharif (left) meets Iranian President Dr. Masoud Pezeshkian on the sidelines of of the 79th Session of the United Nations General Assembly (UNGA) in New York, US, on September 26, 2024. (Government of Pakistan)

PM Sharif discussed matters of mutual interest with all the leaders, agreeing to promote ties in trade and investment apart from deepening the scope of existing bilateral ties.
He spoke with the British PM about Pakistan’s economic situation, highlighting structural reforms and the expansion of the tax net. He also mentioned the challenges posed by climate change.
The premier emphasized that Britain is the third-largest investor in Pakistan and highlighted the significant role overseas Pakistanis in the UK play in strengthening bilateral relations.
During his meeting with the Iranian president, Sharif stressed the importance of improving neighborly relations and mutually beneficial cooperation, particularly in trade and cultural exchanges.
“The meeting helped reaffirm support for each other and bring forth opportunities for further strengthening this partnership,” the statement said.
Pakistan and Iran have had fluctuating relations despite many commercial agreements. Both countries share a porous border and occasionally blame each other for militant attacks in the frontier regions.
The Pakistani prime minister also lauded his country’s cordial ties with Iraq while meeting Al Sudani which he said were “reinforced by strong historical, cultural and religious affinities.”




Pakistan Prime Minister Shehbaz Sharif (right) meets Iraqi PM Mohammad Shia’ Al Sudani on the sidelines of of the 79th Session of the United Nations General Assembly (UNGA) in New York, US, on September 27, 2024. (Government of Pakistan)

The two leaders also condemned Israel’s military campaign against the Palestinians.


ADB approves $381 million for climate-resilient agriculture, social services in Punjab

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ADB approves $381 million for climate-resilient agriculture, social services in Punjab

  • Support will upgrade Punjab’s education and nursing systems, improving learning outcomes and health care capacity
  • Package includes $124 million for agriculture, $107 million for STEM schooling and $150 million for nursing reforms

KARACHI: The Asian Development Bank (ADB) said on Saturday it approved $381 million in financing for Pakistan’s Punjab province to modernize agriculture and strengthen education and health services, with a major focus on building climate resilience after monsoon floods this year caused widespread destruction across the country’s most populous province.

The package includes concessional loans and grants for farm mechanization, STEM education, and nursing sector reforms.

ADB said the investments are intended to help Punjab, home to more than half of Pakistan’s population and a key contributor to its economy, recover from climate shocks and transition toward more sustainable and resilient development.

“Investing in education, health, and agricultural mechanization will play a transformative role in driving the growth of Punjab, a vital pillar of Pakistan’s economy,” said ADB Country Director for Pakistan Emma Fan. “These strategic investments will modernize agriculture, enhance human capital, and significantly improve livelihoods for millions of people across Punjab.”

The bank approved $120 million in concessional loans and a $4 million grant for the Punjab Climate-Resilient and Low-Carbon Agriculture Mechanization Project, which will support 220,000 rural farm households.

The program aims to reduce climate vulnerability by shifting farmers toward modern, low-emission machinery, provide alternative livelihoods for agricultural workers and train 15,000 women in new skills. It will also introduce a financing model to help small farmers access advanced equipment.

Punjab produces most of Pakistan’s wheat, rice, and maize but still relies on outdated machinery, contributing to grain losses and routine burning of crop residues, a major source of air pollution, said ADB.

It noted the new project will promote modern mechanization, including rice harvesters, to address these issues.

ADB also approved $107 million for the Responsive, Ready, and Resilient STEM Secondary Education in Punjab Program, including a $7 million grant from the Asian Development Fund.

The results-based program aims to modernize secondary schooling by expanding inclusive STEM education, improving access and quality across the province.

A further $150 million concessional loan was approved for the Punjab Nursing and Health Workforce Reform Program, which will upgrade nursing curricula, develop disaster-resilient training facilities, strengthen workforce governance, and introduce digital human-resource systems.

The program seeks to expand the pool of qualified nurses to strengthen health service delivery and meet rising national and global demand.

Key components include the establishment of three centers of excellence in Lahore, Multan and Rawalpindi, equipped with simulation labs, digital learning platforms, and gender-responsive hostels.

ADB said it remains committed to supporting climate-resilient and inclusive development across Asia and the Pacific through innovative financing tools and partnerships.