Pakistan confers highest civilian award on Malaysian PM

President Asif Ali Zardari (right) confers Pakistan’s highest civilian award on Malaysian Prime Minister Dato’ Seri Anwar Ibrahim in Islamabad, Pakistan on October 3, 2024. (PID)
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Updated 04 October 2024
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Pakistan confers highest civilian award on Malaysian PM

  • Malaysian PM Dato’ Seri Anwar Ibrahim arrived in Islamabad on Wednesday on a three-day visit along with a delegation of ministers and senior officials
  • PM Shehbaz Sharif and his Malaysian counterpart agreed to set up a trade office in Karachi, increase halal meat and basmati rice exports to Malaysia

ISLAMABAD: President Asif Ali Zardari on Thursday conferred Pakistan’s highest civilian award on Malaysian Prime Minister Dato’ Seri Anwar Ibrahim in recognition of his support for Islamic causes and for being a great friend of Pakistan, Pakistani state media reported.

Ibrahim arrived in Islamabad on Wednesday on a three-day visit along with a delegation of ministers and senior officials to hold wide-ranging talks on trade, connectivity, energy, agriculture, the halal food industry, tourism, and cultural and educational exchanges.

The Malaysian prime minister has been a prominent advocate of humanitarian causes and Islamic values, and his leadership is marked by a profound commitment to promoting social justice and addressing global issues affecting the Islamic world, according to a report by the Radio Pakistan broadcaster.

He has also been a voice for self-determination movements and has particularly stood against oppression across the world. The award, which honors those who render “services of highest distinction” to the national interest of Pakistan, was conferred upon him at a special investiture ceremony in Islamabad.

“The Malaysian Prime Minister continues to work tirelessly to counter Islamophobia, striving to create interfaith harmony by fostering understanding and respect between different cultures and religions,” the report read.

The investiture ceremony was attended by Prime Minister Shehbaz Sharif, federal ministers, services chiefs, diplomats, and senior government officials, followed by a state dinner in honor of PM Ibrahim and his delegation.

Separately, the Malaysian prime minister met Pakistan Army Chief General Asim Munir and discussed with him bilateral strategic interests, regional security and defense cooperation.

“He emphasized on the need for increasing bilateral ties, particularly military relations, among the two brotherly countries and extended an invitation to the COAS (chief of army staff) to visit Malaysia in the same context,” the Pakistani military’s media wing, the Inter-Services Public Relations (ISPR), said in a statement.

Ibrahim’s visit comes as Islamabad pushes for foreign investment from allies and beyond in a bid to shore up its $350 billion economy, while navigating tough reforms mandated by the International Monetary Fund (IMF) as part of a $7 billion bailout.

Earlier on Thursday, PM Sharif and his Malaysian counterpart agreed to set up a trade office in Karachi, while Islamabad will increase its halal meat and basmati rice exports to the Southeast Asian country, Sharif’s office said.

“As part of the efforts to boost bilateral trade, both leaders agreed that Pakistan would export Halal meat worth $200 million per annum and 100,000 metric tons of Basmati Rice to Malaysia,” Pakistani state news agency APP reported after Sharif and Ibrahim addressed a joint press stakeout.

Trade between Malaysia and Pakistan currently stands at $1.4 billion, including in palm oil, apparel, textiles, chemical and chemical-based products, and electrics and electronic products. Among South Asian countries, Pakistan is Malaysia’s third-largest trading partner.


Pakistan reports current account surplus in Jan. owing to improved trade, remittances

Updated 17 February 2026
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Pakistan reports current account surplus in Jan. owing to improved trade, remittances

  • Pakistan’s exports crossed the $3 billion mark in Jan. as the country received $3.5 billion in remittances
  • Last month, IMF urged Pakistan to accelerate pace of structural reforms to strengthen economic growth

ISLAMABAD: Pakistan recorded a current account surplus of more than $120 million in January, the country’s finance adviser said on Tuesday, attributing it to improved trade balance and remittance inflows.

Pakistan’s exports rebounded in January 2026 after five months of weak performance, rising 3.73 percent year on year and surging 34.96 percent month on month, according to data released by the country’s statistics bureau.

Exports crossed the $3 billion mark for the first time in January to reach $3.061 billion, compared to $2.27 billion in Dec. 2025. The country received $3.5 billion in foreign remittances in Jan. 2026.

Khurram Schehzad, an adviser to the finance minister, said Pakistan reported a current account surplus of $121 million in Jan., compared to a current account deficit of $393 million in the same month last year.

“Improved trade balance in January 2026, strong remittance inflows, and sustained momentum in services exports (IT/Tech) continue to reinforce the country’s external account position,” he said on X.

Pakistan has undergone a difficult period of stabilization, marked by inflation, currency depreciation and financing gaps, and international rating agencies have acknowledged improvements after Islamabad began implementing reforms such as privatizing loss-making, state-owned enterprises (SOEs) and ending subsidies as part of a $7 billion International Monetary Fund (IMF) loan program.

Late last month, the IMF urged Pakistan to accelerate the pace of these structural reforms to strengthen economic growth.

Responding to questions from Arab News at a virtual media roundtable on emerging markets’ resilience, IMF’s director of the Middle East and Central Asia Jihad Azour said Islamabad’s implementation of the IMF requirements had been “strong” despite devastating floods that killed more than 1,000 people and devastated farmland, forcing the government to revise its 4.2 percent growth target to 3.9 percent.

“What is important going forward in order to strengthen growth and to maintain the level of macroeconomic stability is to accelerate the structural reforms,” he said at the meeting.

Azour underlined Pakistan’s plans to privatize some of the SOEs and improve financial management of important public entities, particularly power companies, as an important way for the country to boost its capacity to cater to the economy for additional exports.

“This comes in addition to the effort that the authorities have made in order to reform their tariffs, which will allow the private sector of Pakistan to become more competitive,” the IMF official said.