OIC’s COMSTECH plans 16th general assembly in Islamabad in May next year

The picture shared by COMSTECH on February 15, 2024 shows the exterior view of COMSTECH in Islamabad, Pakistan. (COMSTECH/Facebook)
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Updated 06 December 2024
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OIC’s COMSTECH plans 16th general assembly in Islamabad in May next year

  • COMSTECH coordinator general meets OIC chief in Jeddah to discuss educational initiatives
  • Established by OIC, COMSTECH aims to promote science and technology among member states

KARACHI: The OIC Standing Committee on Scientific and Technological Cooperation (COMSTECH) plans to hold its 16th general assembly in Islamabad in May 2025, a statement from the organization said on Friday, as it eyes promoting educational initiatives among member states.

COMSTECH is an intergovernmental organization established by the Organization of Islamic Cooperation (OIC) in 1981. It aims to promote and coordinate science and technology activities among OIC member states, focusing on sustainable development, poverty reduction, and improving the quality of life.

The COMSTECH general assembly is chaired by Pakistan’s president every two years in Islamabad where its budget and programs are discussed at length. 

COMSTECH Coordinator General Dr. Iqbal Choudhry met OIC Secretary General Hissein Brahim Taha in Jeddah to discuss enhancing science and technology, and educational initiatives throughout OIC member countries, COMSTECH said. 

“Key discussions centered on COMSTECH’s new initiatives including hosting the First Extraordinary Conference of Ministers of Higher Education dedicated to supporting Palestinian students and addressing the education crisis, scheduling the 16th General Assembly of COMSTECH during May 2025 at Islamabad,” COMSTECH said. 

The statement added that discussions were also held about launching fellowships for Palestinian students at the OIC headquarters in Jeddah.

Other initiatives that came under discussion were the COMSTECH expert service that advises OIC member states, establishing a halal products testing and standard center at the King Faisal University in Chad, and the COMSTECH-CHAD program for the promotion of science and technology.

The OIC secretary general commended Dr. Choudhry’s initiatives, expressing his gratitude to the Pakistani government for supporting COMSTECH’s vision to uplift science and technology in OIC member states, the organization said. 

“This collaboration signifies a robust commitment to addressing educational and scientific challenges while fostering development and innovation within the OIC framework,” the statement concluded.


Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

Updated 12 March 2026
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Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

  • Agency says it is monitoring indebted energy importers as higher oil prices strain finances
  • Gulf economies seen better placed to weather shock, though Bahrain flagged as vulnerable

LONDON: S&P Global ‌said it would not make any knee-jerk sovereign rating cuts following the outbreak of war in the ​Middle East, but warned on Thursday that soaring oil and gas prices were putting a number of already cash-strapped countries at risk.

The firm’s top analysts said in a webinar that the conflict, which has involved US and Israeli strikes ‌against Iran and Iranian ‌strikes against Israel, ​US ‌bases ⁠and Gulf ​states, ⁠was now moving from a low- to moderate-risk scenario.

Most Gulf countries had enough fiscal buffers, however, to weather the crisis for a while, with more lowly rated Bahrain the only clear exception.

Qatar’s banking sector could ⁠also struggle if there were significant ‌deposit outflows in ‌reaction to the conflict, although there ​was no evidence ‌of such strains at the moment, they ‌said.

“We don’t want to jump the gun and just say things are bad,” S&P’s head global sovereign analyst, Roberto Sifon-Arevalo, said.

The longer the crisis ‌was prolonged, though, “the more difficult it is going to be,” he ⁠added.

Sifon-Arevalo ⁠said Asia was the second-most exposed region, due to many of its countries being significant Gulf oil and gas importers.

India, Thailand and Indonesia have relatively lower reserves of oil, while the region also had already heavily indebted countries such as Pakistan, Bangladesh and Sri Lanka whose finances would be further hurt by rising energy prices.

“We ​are closely monitoring ​these (countries) to see how the credit stories evolve,” Sifon-Arevalo said.