ISLAMABAD: Pakistan’s Foreign Office said on Tuesday that Libyan authorities have recovered bodies of at least 16 Pakistani nationals who had died in a shipwreck off the Libyan coast, while around 10 Pakistani citizens were still missing.
The boat capsized near the port of Marsa Dela in the northwest of Zawiya city in Libya, according to the Pakistani Foreign Office. It prompted the Pakistani government to activate a crisis management cell to confirm if any Pakistanis were on board.
A team from the Pakistani embassy in Tripoli visited the Zawiya city on Tuesday and met local officials and hospital authorities, and the Foreign Office, citing unconfirmed reports, said the boat was carrying 63 Pakistani nationals.
“So far, 16 dead bodies have been recovered and their Pakistani nationalities established on the basis of their passports,” the Foreign Office said in a statement.
“There are 37 survivors, including 1 in hospital and 33 in police custody. Reportedly, around 10 Pakistanis are missing in the accident. Three of the survivors are in Tripoli and being looked after by the [Pakistani] embassy.”
It said the Pakistani embassy in Tripoli was in the process of gathering further information from local authorities.
The latest tragedy comes weeks after at least 13 Pakistanis died when a boat carrying 86 migrants to Europe capsized near the coast of Morocco on Jan. 16.
Each year, thousands of Pakistanis pay traffickers large sums for risky and illegal journeys to Europe, hoping to find work and send money back to their families. Many also take these perilous routes to escape conflicts and religious persecution.
Following the tragedy, Prime Minister Shehbaz Sharif called for strict action against people involved in human trafficking, saying that no negligence would be tolerated in this regard. He expressed condolences to the families of the deceased and assured that the government was undertaking comprehensive measures to combat the crime.
“The prime minister has requested a report on the incident from the relevant authorities,” Sharif’s office said in a statement.
Pakistan has intensified its crackdown on human trafficking rings facilitating dangerous sea journeys for migrants, as many of its nationals frequently drown on overcrowded boats in the Mediterranean, the world’s deadliest migrant route.
In 2023, 262 Pakistanis were among the hundreds who died when a vessel sank off Greece’s Pylos. Recently, five Pakistanis perished in a shipwreck near Gavdos on Dec. 14.
Bodies of 16 Pakistanis recovered after shipwreck off Libya, Foreign Office says
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Bodies of 16 Pakistanis recovered after shipwreck off Libya, Foreign Office says
- The boat carrying over 60 Pakistanis capsized near port of Marsa Dela in northwest of Libya’s Zawiya city
- Libyan authorities have rescued 37 people, while around 10 Pakistanis are still missing after the incident
IMF warns against policy slippage amid weak recovery as it clears $1.2 billion for Pakistan
- Pakistan rebuilt reserves, cut its deficit and slowed inflation sharply over the past one year
- Fund says climate shocks, energy debt, stalled reforms threaten stability despite recent gains
ISLAMABAD: Pakistan’s economic recovery remains fragile despite a year of painful stabilization measures that helped pull the country back from the brink of default, the International Monetary Fund (IMF) warned on Thursday, after it approved a fresh $1.2 billion disbursement under its ongoing loan program.
The approval covers the second review of Pakistan’s Extended Fund Facility (EFF) and the first review of its climate-focused Resilience and Sustainability Facility (RSF), bringing total disbursements since last year to about $3.3 billion.
Pakistan entered the IMF program in September 2024 after years of weak revenues, soaring fiscal deficits, import controls, currency depletion and repeated climate shocks left the economy close to external default. A smaller stopgap arrangement earlier that year helped avert immediate default, but the current 37-month program was designed to restore macroeconomic stability through strict monetary tightening, currency adjustments, subsidy rationalization and aggressive revenue measures.
The IMF’s new review shows that Pakistan has delivered significant gains since then. Growth recovered to 3 percent last year after shrinking the year before. Inflation fell from over 23 percent to low single digits before rising again after this year’s floods. The current account posted its first surplus in 14 years, helped by stronger remittances and a sharp reduction in imports. And the government delivered a primary budget surplus of 1.3 percent of GDP, a key program requirement. Foreign exchange reserves, which had dropped dangerously low in 2023, rose from US$9.4 billion to US$14.5 billion by June.
“Pakistan’s reform implementation under the EFF arrangement has helped preserve macroeconomic stability in the face of several recent shocks,” IMF Deputy Managing Director Nigel Clarke said in a statement after the Board meeting.
But he warned that Islamabad must “maintain prudent policies” and accelerate reforms needed for private-sector-led and sustainable growth.
The Fund noted that the 2025 monsoon floods, affecting nearly seven million people, damaging housing, livestock and key crops, and displacing more than four million, have set back the recovery. The IMF now expects GDP growth in FY26 to be slightly lower and forecasts inflation to rise to 8–10 percent in the coming months as food prices adjust.
The review warns Pakistan against relaxing monetary or fiscal discipline prematurely. It urges the State Bank to keep policy “appropriately tight,” allow exchange-rate flexibility and improve communication. Islamabad must also continue raising revenues, broadening the tax base and protecting social spending, the Fund said.
Despite the progress, Pakistan’s structural weaknesses remain severe.
Power-sector circular debt stands at about $5.7 billion, and gas-sector arrears have climbed to $11.3 billion despite tariff adjustments. Reform of state-owned enterprises has slowed, including delays in privatizing loss-making electricity distributors and Pakistan International Airlines. Key governance and anti-corruption reforms have also been pushed back.
The IMF welcomed Pakistan’s expansion of its flagship Benazir Income Support Program, which raises cash transfers for low-income families and expands coverage, saying social protection is essential as climate shocks intensify. But it warned that high public debt, about 72 percent of GDP, thin external buffers and climate exposure leave the country vulnerable if reform momentum weakens.
The Fund said Pakistan’s challenge now is to convert short-term stabilization into sustained recovery after years of economic volatility, with its ability to maintain discipline, rather than the size of external financing alone, determining the durability of its gains.
