Pakistan’s deputy PM says will attend OIC meeting on Gaza in Jeddah on Mar. 7

Pakistan’s Deputy Prime Minister Ishaq Dar addresses the United Nations Security Council (UNSC) on February 18, 2025. (Ministry of Foreign Affairs)
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Updated 20 February 2025
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Pakistan’s deputy PM says will attend OIC meeting on Gaza in Jeddah on Mar. 7

  • OIC meeting to take place in wake of US President Trump’s proposal to resettle Palestinians from Gaza to other countries 
  • Pakistan, Saudi Arabia and other countries have rejected Trump’s plan, called for Palestinians’ right to self-determination

ISLAMABAD: Deputy Prime Minister Ishaq Dar said on Thursday he would represent Pakistan at the upcoming Organization of Islamic Cooperation’s (OIC) extraordinary meeting of the Council of Foreign Ministers (CFM) in Jeddah on Mar. 7, where the humanitarian crisis in Gaza and the Palestinian cause will be discussed. 

The OIC meeting will reportedly take place next month amid backlash and uproar from Arab and OIC countries over US President Donald Trump’s proposed plan to redevelop Gaza into an international beach resort, after resettling Palestinian inhabitants. The US president called on Jordan and Egypt to take in Palestinians, with the remarks drawing sharp reactions from both countries as well as Pakistan, Saudi Arabia and others. 

Dar, who was in New York on a three-day visit to the US to attend a United Nations conference on multilateralism this week, told reporters he had discussed Trump’s proposal with the foreign ministers of Iran, Egypt, Malaysia, UAE, Saudi Arabia and Turkiye recently.

“He said reportedly Arab leaders were scheduled to meet on the situation on Feb. 27 and Gulf leaders on Mar. 5 ,which would follow the extraordinary CFM meeting on Mar. 7 in Jeddah in which he would represent Pakistan,” state-run Associated Press of Pakistan (APP) said. 

Dar pointed out that Pakistan had also issued a strong statement on proposals to resettle Palestinians from Gaza, saying that they had all the right to their land.

Dar, who also serves as Pakistan’s foreign minister, said despite limited resources Pakistan sent several consignments of relief goods to Gaza, Lebanon and Syria. He said Pakistan also hosted around 200 Palestinian medical students, allowing them to complete their medical education in Pakistani medical colleges.

Israel’s war on Gaza, which began after the Oct. 7, 2023 attacks by Hamas, has killed more than 48,000 Palestinians and displaced almost all of Gaza’s 2 million population by laying waste to swathes of neighborhoods, schools and hospitals. A six-week uneasy truce announced on Jan. 19 between Hamas and Israel ended 15 months of war. 

Pakistan does not recognize nor have diplomatic relations with Israel and calls for an independent Palestinian state based on “internationally agreed parameters” and the pre-1967 borders with Al-Quds Al-Sharif as its capital.

The South Asian country regularly sent relief supplies for the people of Gaza during Israel’s 15-month war. 


IMF hails Pakistan privatization drive, calls PIA sale a ‘milestone’

Updated 10 January 2026
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IMF hails Pakistan privatization drive, calls PIA sale a ‘milestone’

  • Fund backs sale of national airline as key step in divesting loss-making state firms
  • IMF has long urged Islamabad to reduce fiscal burden posed by state-owned entities

KARACHI: The International Monetary Fund (IMF) on Saturday welcomed Pakistan’s privatization efforts, describing the sale of the country’s national airline to a private consortium last month as a milestone that could help advance the divestment of loss-making state-owned enterprises (SOEs).

The comments follow the government’s sale of a 75 percent stake in Pakistan International Airlines (PIA) to a consortium led by the Arif Habib Group for Rs 135 billion ($486 million) after several rounds of bidding in a competitive process, marking Islamabad’s second attempt to privatize the carrier after a failed effort a year earlier.

Between the two privatization attempts, PIA resumed flight operations to several international destinations after aviation authorities in the European Union and Britain lifted restrictions nearly five years after the airline was grounded following a deadly Airbus A320 crash in Karachi in 2020 that killed 97 people.

“We welcome the authorities’ privatization efforts and the completion of the PIA privatization process, which was a commitment under the EFF,” Mahir Binici, the IMF’s resident representative in Pakistan, said in response to an Arab News query, referring to the $7 billion Extended Fund Facility.

“This privatization represents a milestone within the authorities’ reform agenda, aimed at decreasing governmental involvement in commercial sectors and attracting investments to promote economic growth in Pakistan,” he added.

The IMF has long urged Islamabad to reduce the fiscal burden posed by loss-making state firms, which have weighed public finances for years and required repeated government bailouts. Beyond PIA, the government has signaled plans to restructure or sell stakes in additional SOEs as part of broader reforms under the IMF program.

Privatization also remains politically sensitive in Pakistan, with critics warning of job losses and concerns over national assets, while supporters argue private sector management could improve efficiency and service delivery in chronically underperforming entities.

Pakistan’s Cabinet Committee on State-Owned Enterprises said on Friday that SOEs recorded a net loss of Rs 122.9 billion ($442 million) in the 2024–25 fiscal year, compared with a net loss of Rs 30.6 billion ($110 million) in the previous year.