ISLAMABAD: Prime Minister Shehbaz Sharif on Friday met a delegation of the US-Pakistan Business Council (USPBC) in New York, introducing them to a special civil-military investment body set up last year to attract foreign funding and briefing them on government measures taken to improve ease of doing business.
Sharif’s government has actively pursued economic diplomacy in recent months and wants to strengthen ties with the US — strained in recent years by political tensions — and boost bilateral trade in goods and services, which the Pakistani embassy in Washington says now totals about $12 billion.
Sharif’s meeting with USPBC took place on the sidelines of the annual United Nations General Assembly, which the PM is scheduled to address later today, presenting his country’s stance on Israel’s war on Gaza, the lingering Kashmir dispute, growing global security deficit and climate change risks.
“In introducing the Special Investment Facilitation Council (SIFC) to the participants, the Prime Minister underscored that SIFC was a high-level, one-window agency empowered to facilitate foreign investors in planning and implementing their ventures in four key areas: agriculture, IT, energy, and mining,” a statement from Sharif’s office said after he met the USPBC delegation.
“The Prime Minister added that the SIFC aimed at bolstering investor confidence and expediting project implementation through customized solutions and demand-driven facilitation.”
Sharif identified various areas in Pakistan’s economy, particularly agriculture, technology, pharmaceutical, oil and gas and mining where he said US companies could benefit through mutually beneficial investments.
As Pakistan has sought approval for a $7 billion IMF loan in recent months — the approval was received this week — it has actively sought external financing from allies as well as looked at more sustainable forms such as direct investment and climate financing.
On Friday, an IMF official said Pakistan had received “significant financing assurances” from China, Saudi Arabia and the United Arab Emirates linked to the new IMF program that go beyond a deal to roll over $12 billion in bilateral loans owed to them by Islamabad.
The IMF’s Executive Board on Wednesday approved the new 37-month loan agreement for Pakistan that requires “sound policies and reforms” to strengthen macroeconomic stability.
The approval releases an immediate $1 billion disbursement to Islamabad.
Pakistan PM briefs US-Pakistan Business Council on special body set up for foreign investments
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Pakistan PM briefs US-Pakistan Business Council on special body set up for foreign investments
- Sharif’s government has actively pursued economic diplomacy in recent months and wants to strengthen ties with the US
- Islamabad aims to boost bilateral trade in goods and services, which Pakistani embassy in Washington says totals $12 billion
UN Security Council condemns Islamabad mosque bombing claimed by Daesh
- The Council urges accountability, calls for cooperation with Pakistan
- A suicide bomber targeted the mosque during prayers, killing 32 people
ISLAMABAD: The United Nations Security Council said on Friday it condemned a suicide bombing at a mosque on the outskirts of Islamabad that killed at least 32 people, calling the attack “heinous and cowardly” and urging accountability for those responsible.
The blast targeted the Qasr-e-Khadijatul Kubra mosque and imambargah in the Tarlai Kallan area during Friday prayers on Feb. 6, when mosques across the country were packed with worshippers. Daesh claimed responsibility, saying one of its militants detonated an explosive vest inside the congregation.
In a press statement issued by Council President James Kariuki of the United Kingdom, members of the 15-nation body expressed “deepest sympathy and condolences” to the families of the victims and to the government and people of Pakistan.
“The members of the Security Council condemned in the strongest terms the heinous and cowardly suicide bombing terrorist attack,” the statement said, reaffirming that “terrorism in all its forms and manifestations constitutes one of the most serious threats to international peace and security.”
The Council underlined the need to hold “perpetrators, organizers, financiers and sponsors” accountable and urged all states to cooperate actively with the Pakistan government in accordance with international law and relevant UN resolutions.
Pakistan, which is currently serving as a non-permanent member of the Security Council for the 2025–2026 term, has faced intense militant violence in recent years, including attacks claimed by Tehreek-e-Taliban Pakistan, Balochistan Liberation Army and Daesh affiliates.
The administration in Islamabad said the day after the attack that a police officer was killed and four suspects were arrested in overnight raids in the northwestern cities of Peshawar and Nowshera.
Among those detained was an Afghan national alleged to have worked for Daesh and to have masterminded the bombing, authorities said.
The Security Council reiterated that acts of such militant violence were criminal and unjustifiable regardless of motivation and reaffirmed the need for states to combat threats to international peace and security in line with the UN Charter and international law.
Earlier this week, Pakistani religious scholars also condemned the bombing at a meeting presided over by Religious Affairs Minister Sardar Muhammad Yousuf, saying the attack was contrary to Islamic teachings.
