ISLAMABAD: Prime Minister Shehbaz Sharif on Friday invited American banks to invest in Pakistan’s infrastructure, energy, technology and agriculture sectors as the South Asian country seeks sustainable forms of external financing like direct investment.
On Friday, the IMF said Pakistan had received “significant financing assurances” from China, Saudi Arabia and the United Arab Emirates linked to a new International Monetary Fund 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 $7 billion, 37-month loan agreement for Pakistan that will require “sound policies and reforms” to strengthen macroeconomic stability and address structural challenges alongside “continued strong financial support from Pakistan’s development and bilateral partners.”
The approval releases an immediate $1 billion disbursement to Islamabad.
On Friday, Sharif met a delegation of officials from top American banks in New York, including JP Morgan, Natixis Corporate & Investment Bank, Sumitomo Mitsui Banking Corporation, Goldman Sachs, Citizens Bank, Lazard and Audax Private Equity Partnering.
“The Prime Minister assured the delegation of the government’s commitment to maintaining a stable macroeconomic environment to facilitate foreign investors,” state broadcaster Radio Pakistan said in a report after the meeting.
“The Prime Minister informed the delegation about the key initiatives taken by the Government to stabilize the economy and attract foreign investment to Pakistan, including broadening the tax base, enhancing the ease of doing business, and ongoing reforms in the state-owned enterprises.”
These steps had resulted in improved economic indicators and the up-gradation of Pakistan’s credit rating by international rating agencies, including, Fitch and Moodys.
“He also briefed the delegation on the establishment of a Sustainable Finance Framework, which will allow the government to carry out a green and sustainability bond issuance in the international capital markets,” Radio Pakistan reported.
Islamabad had been working on implementing the IMF’s conditions, which Sharif had previously called “strict” to secure the 37-month loan program agreed in July.
One condition was to secure additional external financing, which the country was struggling to do.
The IMF said in a statement on Wednesday that Pakistan had taken key steps to restore economic stability with consistent policy implementation under the 2023-24 standby arrangement.
It added that growth had rebounded to 2.4 percent and inflation has receded significantly, falling to single digits, amid appropriately tight fiscal and monetary policies.
A contained current account and calm foreign exchange market conditions have allowed the rebuilding of reserve buffers, and the central bank of Pakistan has been able to cut the policy rate by a total of 450 bps since June, the statement said.
Despite this progress, it said, Pakistan’s vulnerabilities and structural challenges remain formidable, adding that the tax base remains too narrow.
“Without a concerted adjustment and reform effort, Pakistan risks falling further behind its peers,” it warned.
With inputs from Reuters
Pakistan invites investment from American banks as it seeks sustainable external financing
https://arab.news/j9zuc
Pakistan invites investment from American banks as it seeks sustainable external financing
- On Friday, Sharif met officials of top American banks including JP Morgan, Natixis Corporate & Investment Bank, Goldman Sachs
- IMF bailout loan is contingent on “continued strong financial support from Pakistan’s development and bilateral partners”
Pakistan rejects Amnesty claims of Israeli spyware use, calls reports ‘disinformation’
- FO denies any link with Israel, says Pakistan has “absolutely no cooperation” on surveillance tools
- Islamabad accuses India of delaying clearance for relief aircraft bound for flood-hit Sri Lanka
ISLAMABAD: Pakistan on Friday rejected an Amnesty International report alleging the use of Israeli-made invasive spyware in the country, calling the findings speculative and misleading.
Amnesty’s investigation, published Thursday under the title Intellexa Leaks, cited the case of a Pakistan-based human rights lawyer who reported receiving a suspicious WhatsApp link in 2025. According to Amnesty International’s Security Lab, the link bore signatures consistent with Predator, a spyware product developed by Israeli manufacturer c
Foreign Office spokesperson Tahir Andrabi dismissed the suggestion that Islamabad had deployed the tool or maintained any technological cooperation with Israel.
“These are all media speculations. These are all rumor-mongering and disinformation. There is absolutely no cooperation between Pakistan and Israel on anything, let alone a spyware or these kinds of tools. So, I would reject it quite emphatically,” he said at a weekly briefing.
Andrabi also accused India of obstructing humanitarian operations, saying New Delhi delayed flight clearance for a Pakistani relief aircraft carrying aid to flood-affected Sri Lanka.
“The special aircraft carrying Pakistan’s relief goods had to wait for 48 hours, in fact more than 48 hours, around 60 hours, while the flight clearance from India was delayed,” he said.
He added that the eventual conditional flight window was too narrow to be workable.
“The partial flight clearance which eventually was given after 48 hours was operationally impractical, time-bound just for a few hours and hence not operable, severely hindering the urgent need for the relief mission for the brotherly people of Sri Lanka,” Andrabi stated.
“Humanitarian assistance is like justice, if it is delayed, it is denied.”
Responding to India’s claim that clearance was granted within four hours, he said Pakistan has documentary proof contradicting New Delhi’s version.
On a separate question about reported delays in the arrival of a Turkish delegation aimed at mediating between Islamabad and Kabul, Andrabi said Pakistan welcomed Ankara’s initiative but was unaware of the cause of postponement.
“We stand ready to receive the Turkish delegation. That delegation has not arrived as yet. And I’m not aware of any schedule. Pakistan is ready to hold negotiations, discussions,” he said, adding that the delay may be linked to coordination with the Afghan side.
