Texas investor close to Trump eyes investments in Pakistan housing, energy, mineral sectors

A delegation of leading US Investors led by Gentry Beach meets Pakistan Prime Minister Shehbaz Sharif in Islamabad on January 29, 2025. (Photo courtesy: PMO)
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Updated 29 January 2025
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Texas investor close to Trump eyes investments in Pakistan housing, energy, mineral sectors

  • US business delegation led by Gentry Beach arrived in Pakistan for a two-day visit on Tuesday to explore business opportunities
  • Despite the challenging business climate, the United States is one of Pakistan’s largest sources of foreign direct investment

ISLAMABAD: US investor and Texas hedge fund manager Gentry Beach, believed to be close to American President Donald Trump, said on Wednesday he was eyeing investments in Pakistan’s real estate, mineral and energy sectors.
A US business delegation led by Beach arrived in Pakistan for a two-day visit on Tuesday to explore business opportunities, particularly in sectors like mining and minerals, renewable energy, infrastructure development and technology.
Cash-strapped Pakistan, desperate to escape a prolonged macroeconomic crisis, been seeking investments from regional and other foreign allies to shore up its $350 billion economy. 
“Real estate’s going to be our first place of investment, it’s going to be a significant real estate investment,” Beach told reporters in Islamabad when asked about key sectors he was interested in investing in. “We are going to launch in a few different areas some incredible projects.”
Part of the delegation’s real estate plans included building “super high-end luxury branded” villas.
“We have a number of brands that really want to come to Pakistan,” he said. “And so we are very excited to build the highest-end product that’s ever been built in Pakistan.”




A delegation of leading US Investors led by Gentry Beach meets Pakistan Prime Minister Shehbaz Sharif in Islamabad on January 29, 2025. (Photo courtesy: PMO)


Beach said the delegation was also considering investments in Pakistani minerals, citing the country’s large reserves of gold, platinum and other precious metals. Pakistani officials estimate $6 trillion worth of natural deposits in the country.
“We have several locations and due diligence that we are working on right now,” Beach explained. “We’re bringing in the teams as we speak to evaluate those. I believe that we will have one of those [agreements on minerals] signed, agreed to and funding in the next two weeks.”
The American businessman acknowledged the problem of the US having outsourced its supply chain to China for rare earth elements. 
“And that’s over, okay. We don’t have many enemies in the world but China is a place that is becoming more difficult for us for sure,” Beach said.
“And I would tell you that we are taking this into our own hands and we are going to get out and get the critical minerals that America and American businesses need,” he added, saying Pakistan would be an important partner in this shift.




Pakistan Prime Minister Shehbaz Sharif speaks during a with a delegation of US Investors led by Gentry Beach in Islamabad on January 29, 2025. (Photo courtesy: PMO)

Beach said teams would be coming next month to evaluate Pakistan’s oil and gas sector, appreciating the country’s “incredible natural gas infrastructure already in place.”
“You have the infrastructure, you never go to a developing country where the infrastructure is already in place and you have to just supply the gas,” he said. “That is a huge opportunity.”
Beach said the US could bring in Western technology in drilling in Pakistan and “develop things very quickly.”
“We see ourselves as the first one through the door,” he said. “Then we are going to bring lots of Western companies through the door.”
Pakistan in 2023 nearly defaulted on the payment of foreign debts when the International Monetary Fund rescued it by agreeing to a $3 billion bailout to Pakistan. Last year, Islamabad secured a new $7 billion loan deal from the IMF. Since then, the country’s economy has started improving with weekly inflation coming down from 27 percent in 2023 to 1.8 percent earlier this month. 
Sharif has also vowed to reduce dependence on foreign loans in the coming years and seek more direct investment. 




A delegation of leading US Investors led by Gentry Beach meets Pakistan Prime Minister Shehbaz Sharif in Islamabad on January 29, 2025. (Photo courtesy: PMO)

Pakistan’s business and investment landscape poses considerable challenges. Complex and inconsistent regulations, inadequate protection of intellectual property rights, and ever-changing taxation policies are some of the many business climate challenges cited by investors. Security concerns marked by internal and regional conflicts also undermine investor confidence in protection and profitability of their investments. The Pakistani government launched the Special Investment Facilitation Council (SIFC) in June 2023 to attract foreign investment from allies and other nations. Since its creation, the SIFC’s scope has expanded into a wide range of policy areas.
Despite the challenging investment climate, the United States is one of Pakistan’s largest sources of FDI. US companies have profitable operations across a range of sectors, notably franchise operations, fast-moving consumer goods, agribusiness, and financial services. Other sectors attracting US interest include ICT, renewable energy and health care services.


Pakistan president visits Balochistan, vows to establish state’s writ amid surging attacks

Updated 19 March 2025
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Pakistan president visits Balochistan, vows to establish state’s writ amid surging attacks

  • Separatist militants last week hijacked train in Balochistan, holding hundreds hostage
  • President demands modern weapons for law enforcement agencies to strengthen security 

ISLAMABAD: Pakistan’s President Asif Ali Zardari visited Balochistan’s Quetta city on Wednesday to review the law and order situation in the province, vowing that the state would establish its writ there despite surging militant attacks in recent days. 

Zardari’s visit to Quetta takes place as Pakistan struggles to contain militant attacks in the southwestern province, where separatists last week hijacked a train and held hostage hundreds of passengers. The military launched an operation and, after a day-long standoff, rescued 354 captives and killed 33 insurgents. A final count showed 23 soldiers, three railway employees and five passengers had died in the attack.

Zardari arrived in Quetta on a day-long visit with his son and Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari on Wednesday. The two attended a meeting with Balochistan Chief Minister Sarfraz Bugti to review the security situation in the province. 

“President Asif Ali Zardari says the terrorist elements will be defeated at all costs and writ of the state will be ensured in Balochistan,” state broadcaster Radio Pakistan said. 

The Pakistani president said “terrorists” want to divide the nation, vowing they would never succeed in their ambitions. 

“The president said that modern arms would be provided to the Counter-Terrorism Département and other law enforcement institutions to strengthen security efforts,” the state broadcaster reported. 

Balochistan is Pakistan’s largest province by land but its most backward by almost all economic and social indicators. For decades it has been plagued by a low-level insurgency by militants fighting for a greater share of the province’s wealth.

Separatist militants, such as the Baloch Liberation Army (BLA) accuse the central government of denying locals a share of Balochistan’s mineral resources. The federal government and the military strongly deny these accusations, and say they have launched several projects in the province to support its development. 

Militant violence has persisted in the province after the train hijacking. Three paramilitary soldiers among five people were killed in a suicide attack in Balochistan’s Nushki district on Sunday. 

A top parliamentary panel on national security met in Islamabad on Tuesday to discuss surging attacks in Balochistan. The panel stressed the need for a national consensus to counter militancy, calling for a unified political stance to confront the threat with “full force of the state.”


Pakistan football team to travel to Saudi Arabia tomorrow for AFC Asian Cup qualifier camp

Updated 19 March 2025
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Pakistan football team to travel to Saudi Arabia tomorrow for AFC Asian Cup qualifier camp

  • Pakistan will face Syria in AFC Asian Cup qualifier fixture on Mar. 25 in Saudi Arabia's Al-Ahsa
  • Green shirts to resume training camp in Saudi Arabia under Head Coach Stephen Constantine

ISLAMABAD: Pakistan's national football team will travel to Saudi Arabia tomorrow, Thursday, where they will resume training for the upcoming AFC Asian Cup qualifier fixture against Syria, the Pakistan Football Federation (PFF) said in a statement. 

Pakistan will kick off their AFC Asian Cup 2027 qualification campaign against Syria on Mar. 25 at the Prince Abdullah bin Jalawi Stadium in Al-Ahsa, Saudi Arabia. 

The green shirts concluded their training session in the eastern city of Lahore on Wednesday night, the PFF said. 

"The team is set to depart for Saudi Arabia tomorrow night, where they will continue their training under the guidance of Head Coach Stephen Constantine," the PFF said. 

Earlier this month, Pakistan reappointed Constantine, who previously served as the country's head coach from late 2023 until mid-2024, as head coach for the Syria fixture. 

Pakistan's inclusion in the qualifier was made possible after the Fédération Internationale de Football Association (FIFA) lifted its international suspension against the country earlier this month. 

FIFA hit Pakistan on Feb. 6 with a third international suspension in less than eight years after the federation rejected its electoral reforms. Following the suspension, the PFF unanimously approved FIFA's proposed constitutional amendments in an extraordinary meeting in Lahore this month. 

Pakistan are placed in Group E of the AFC Asian Cup qualifiers alongside Syria, Afghanistan and Myanmar.

PAKISTAN PROBABLES

Goal-Keepers: Yousuf Butt, Saqib Hanif, Abdul Basit and Adam Khan

Defenders: Abdullah Iqbal, Easah Suliman, Haseeb Khan, Junaid Shah, Mamoon Moosa, Mohammad Fazal, Abdul Rehman and Waqar Ihtisam

Midfielders: Alamgir Ghazi, Ali Uzair, Ali Zafar, Muhammad Umar Hayat, Rahis Nabi, Toqeer ul Hassan, Umair Ali and Moin Ahmed

Forwards: Fareedullah, Harun Hamid, Imran Kayani, Mckeal Abdullah, Abdul Samad, Shayak Dost and Muhammad Adeel Younas


Pakistan, Russia conduct joint naval exercise in North Arabian Sea

Updated 19 March 2025
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Pakistan, Russia conduct joint naval exercise in North Arabian Sea

  • Both navies hold ‘Arabian Monsoon-VI’ exercise in Arabian Sea to enhance interoperability
  • Russian navy delegates meet Pakistan Navy officials, pay tribute to Pakistan founder Jinnah

KARACHI: Pakistani and Russian navies conducted a bilateral naval exercise named “Arabian Monsoon-VI” in the North Arabian Sea on Wednesday, the Pakistan Navy said in a statement, in their bid to counter maritime security threats and enhance interoperability. 

Pakistan and Russia, once Cold War rivals, have strengthened their relations through increased dialogue, trade and cooperation in energy and defense. Regular port visits and joint exercises between the Pakistan Navy and the Russian Navy have deepened bilateral ties, enhanced naval collaboration and fostered mutual trust.

“Various assets of Pakistan Navy, including a Destroyer, an Offshore Patrol Vessel, a Fast Attack Craft (Missile), a Maritime Patrol Aircraft and a UAV, participated in the exercise alongside Russian Federation Navy ships,” the Directorate General Public Relations (DGPR) of the Pakistan Navy said. 

Multi-faceted maritime warfare serials and a coordinated patrol featured in the exercise, which also aimed at enhancing the interoperability of both navies, it added.

The exercise also featured participation from the Pakistan Air Force fighter aircraft. 

The Russian navy delegates also called on Pakistan Navy officials and paid tribute to the nation’s founder Muhammad Ali Jinnah, laying a floral wreath at his mausoleum.

“Joint maritime exercises with key naval forces underscore Pakistan Navy’s commitment to maintaining maritime security and ensuring a stable maritime order in the region,” the statement added.

On Mar. 13, the Russian navy flotilla arrived in the southern port city of Karachi where cross-ship visits, harbor drills and table-top discussions between the two sides were conducted. 

The Pakistan Navy regularly collaborates with allies and friendly nations, conducting joint military exercises to enhance synergy, promote regional peace and stability, deter piracy, drug trafficking and other illicit maritime activities.


Pakistan stocks hit record high on strong buying from local institutions

Updated 19 March 2025
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Pakistan stocks hit record high on strong buying from local institutions

  • The KSE-100 Index hit a record high of 117,974 points, rising by 973 points
  • Overall, 543 million shares were traded, with a turnover of Rs 32 billion

ISLAMABAD: Pakistan’s benchmark stock index (PSX) hit an all-time high on Wednesday, nearing the barrier of 118,000 points due to strong buying activity from local institutions, Topline Securities said. 

The KSE-100 Index hit a record high of 117,974 points, rising by 973 points (0.83 percent). 

“The market continued its upward momentum, fueled by strong buying activity from local institutions, peaking at 118,244 points during the day,” Topline Securities said in its market review. 

The rally was primarily driven by Hub Power Company, Mari Energies, Engro Holdings, Systems Limited and Pakistan Petroleum, which together contributed 551 points to the index. On the other hand, Fauji Fertilizer Company, Engro Fertilizer, and Pakistan Oilfields exerted downward pressure, pulling the index down by 54 points.

“Overall, 543 million shares were traded, with a turnover of Rs 32 billion. Pakistan International Bulk Terminal topped the volume chart with 52 million shares traded,” Topline added. 

Mohammed Sohail, a chief executive at Topline Securities, attributed the bull run to “expectations that the government will agree with banks to resolve old circular debt issues that will help listed energy companies.”

In Pakistan, “circular debt” refers to a cascading cycle of unpaid liabilities within the energy sector, where power distribution companies (DISCOs) fail to pay the Central Power Purchasing Authority-Guarantee (CPPA-G), which in turn cannot pay power generation companies (GENCOs), and so on.

The government last week announced it had reached an agreement with banks to extend PHL, a state-owned entity, Rs1.25 trillion in financing at a favorable floating interest rate of Kibor minus 0.90pc per annum.

The move was described as part of a broad strategy to eliminate circular debt in the power sector, which has been fueled by unpaid bills, theft, and distribution losses that have continued to accumulate over the past decade. Circular debt is one of the most contentious issues in Pakistan’s negotiations with the International Monetary Fund (IMF) for the first review of its $7 billion bailout program.

Sana Tawfik, head of research at Arif Habib Limited, said the positive momentum in stocks was continuing since last week.

“Secondly, volume levels have improved since Ramazan’s first week — that is, buying activity is visible,” she said. “On the economic front, there has been significant progress made regarding the IMF deal.” 
 


Pakistan announces three-day Eid Al-Fitr holiday from Mar. 31 to Apr. 2 

Updated 19 March 2025
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Pakistan announces three-day Eid Al-Fitr holiday from Mar. 31 to Apr. 2 

  • Ramadan began in Pakistan on Mar. 2, a day after most other Muslims nations
  • Eid Al-Fitr festival at the end of Ramadan is expected to fall on Mar. 31 in Pakistan

ISLAMABAD: The Pakistan government has announced a three-day holiday from Mar. 31 to Apr. 2 on account of the Muslim festival of Eid Al-Fitr, the cabinet division said on Wednesday. 

Eid Al-Fitr marks the end of the fasting month of Ramadan for Muslims worldwide. Ramadan began in Pakistan on Mar. 2, a day after most other Muslims nations, and the Eid Al-Fitr festival at end of the holy month is expected to fall on Mar. 31.

Pakistan’s central moon sighting committee, the Ruet-e-Hilal Committee, spots the Shawwal moon and declares Eid dates in advance.

“It is notified that the Prime Minister has been pleased to declare public holidays (Monday to Wednesday) on the occasion of Eid-Al-Fitr,” the notification from the cabinet division said. 

Eid Al-Fitr is one of two major Muslim festivals, the other being Eid Al-Adha, which is marked by the slaughtering of animals such as sheep and goats whose meat is shared among family and friends and donated to the poor. This year, Eid Al-Adha is expected to fall on June 6 or 7, marking the culmination of the Hajj pilgrimage.