Pakistan’s finmin departs for Hong Kong to take part in Asian Financial Forum

Pakistan Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at his office in Islamabad on July 19, 2024. (REUTERS/File)
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Updated 12 January 2025
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Pakistan’s finmin departs for Hong Kong to take part in Asian Financial Forum

  • AFF brings together influential leaders from government, finance and business in the region 
  • Muhammad Aurangzeb will also interact with foreign media publications during the tour 

ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb has left for Hong Kong to take part in the Asian Financial Forum (AFF) 2025 where he is expected to meet top Chinese officials, financial experts and investors, state-run media reported on Sunday. 

The AFF is the region’s premier platform that brings together influential leaders from government, finance, and business communities globally for ground-breaking discussions and exchange of insights on the global economy from an Asian perspective. 

AFF 2024 brought together over 140 elite speakers from around the world and attracted over 3,600 visitors from more than 50 countries and regions, including over 70 overseas and mainland China delegations.

“Finance Minister Muhammad Aurangzeb has departed for Hong Kong to represent Pakistan in the eighteenth Asian Financial Forum,” Radio Pakistan reported. 

“During his visit, he will meet with heads and senior officials of major Asian financial institutions.”

The state media said Aurangzeb will meet Chinese and foreign officials, financial sector experts, professionals, investors and top businessmen during the summit. 

These include the heads of China International Capital Corporation Limited, China New Energy Sky Rail Limited and Asian Infrastructure Investment Bank, it added. 

The Pakistani finance minister will also hold interactions with foreign media, which include speaking to international publications such as Bloomberg, Nikkei Asia and other media representatives.

His visit to Hong Kong takes place as Pakistan attempts to ward off an economic crisis that has drained its resources and triggered a balance of payments headache for the country over the past two years. 

Pakistan has made some economic gains since 2023 by slashing inflation down to single-digit figures from a record high of 38 percent in May 2023 and registering gains in the stock market. 


Former militant leader attempts back-channel diplomacy between Pakistan and Afghanistan — sources 

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Former militant leader attempts back-channel diplomacy between Pakistan and Afghanistan — sources 

  • Maulana Fazlur Rehman Khalil, a US-designated “terrorist,” arrives in Kabul leading three-member delegation
  • Source close to Khalil says his visit aims to ease tensions between Kabul and Islamabad amid ongoing clashes 

ISLAMABAD: A prominent former Pakistani militant leader with close ties to the Afghan Taliban arrived in Kabul this week in an effort to ease tensions between Afghanistan and Pakistan, three sources with direct knowledge of the matter said on Tuesday.

The visit takes place as the South Asian neighbors have engaged in their worst fighting in years following Pakistani airstrikes on major Afghan cities last month, increasing volatility in a region now also on edge over US and Israeli strikes on Iran. 

Islamabad has said its airstrikes, which have at times directly ​targeted the Afghan Taliban government, are aimed at ending Afghan support for militants carrying out attacks on Pakistan. The Taliban has ​denied aiding militant groups.

Maulana Fazlur Rehman Khalil, who founded the popular militant entity Harkat-ul-Mujahideen (HuM), arrived in Kabul this week, according to three sources, two based in Kabul and one in Islamabad. 

A first Kabul-based source who declined to be identified said Khalil was leading a three-member delegation comprising Pakistani clerics Abdullah Shah Mazhar and Sajjad Usman to explore ways to reduce recent tensions between Pakistan and Afghanistan.

“Fazlur Rehman Khalil, along with two other clerics, is in Kabul in a bid to ease tension between the two countries,” the source in Afghanistan close to Khalil told Arab News.

“Khalil has very good relations with the Taliban and he should be using the same influence to ease tension, but given the current condition, any positive result is unlikely. If not highly unlikely.”

Khalil was placed on Washington’s Specially Designated Global Terrorists list in September 2014 for his alleged involvement in “terrorist” activities. The US declared HuM a foreign terrorist organization in 1997, and it re-emerged as Ansar-ul-Umma in 2013.

A second source based in Kabul and close to the Afghan Taliban confirmed Khalid’s visit but declined to comment on its purpose. 

Afghan government spokesperson Zabihullah Mujahid did not respond to Arab News’ requests for comment on the matter. Pakistan’s foreign office spokesperson Tahir Andrabi also did not respond to questions about Khalil’s alleged visit. 

A third official, a Pakistani in Islamabad, said the trip was not sanctioned by Pakistan.

“On a personal visit,” the source described Khalil’s trip, speaking on condition of anonymity as he was not authorized to speak to the media.

Turkiye and Iran have both offered to mediate and resolve the conflict between Pakistan and Afghanistan since it began last month. Attempts by Turkiye and Qatar to broker a truce last year temporarily reduced tensions but failed to produce a lasting settlement between Islamabad and Kabul. 

Ties have plummeted in recent years as Pakistan accuses Afghanistan of sheltering militants, particularly those belonging to the Tehreek-e-Taliban Pakistan (TTP). Kabul denies the allegations.

The dispute intensified after a series of deadly attacks inside Pakistan in recent months, prompting Islamabad to carry out air strikes across the border that it said targeted militant hideouts. Afghan officials condemned the strikes, saying they killed civilians and violated Afghanistan’s sovereignty. Pakistan claims to have killed over 580 Afghan Taliban operatives in “Operation Ghazab lil Haq.” 

While Afghanistan has voiced the desire for dialogue, Pakistan has repeatedly ruled out talks, saying it will continue targeting militant hideouts in Afghanistan through Operation Ghazab lil Haq till Kabul desists from supporting militants. 

Analysts suggest the involvement of individuals with militant backgrounds in diplomacy indicates that back-channel negotiations remain a priority.

“Although the delegation’s mandate has not been officially confirmed or denied by Pakistan, but the presence of these influential individuals in Kabul demonstrates that negotiations are as important as military operations,” Majid Nizami, a Lahore-based political analyst, told Arab News.

“Their militancy past and their ties to the Pakistani state indicate that, despite the mutual accusations and the state narrative of a military solution, behind-the-scenes negotiations are still taking place.”