ISLAMABAD: Pakistanis and an Afghan national living in Islamabad this week called a new potential US travel ban ‘unfortunate,’ saying it could affect young Pakistanis who invested money to study in US universities.
A new travel ban by President Donald Trump could bar people from Afghanistan and Pakistan from entering the US as soon as next week based on a government review of countries’ security and vetting risks, three sources familiar with the matter said.
Speaking to Reuters, Syed Abbas Haider, a 29-year-old Islamabad resident, said a potential ban would be “unfortunate and strange,” considering that the people and government of Pakistan consider the US “an ally and supporter.”
The new ban could affect tens of thousands of Afghans who have been cleared for resettlement in the US as refugees or on Special Immigrant Visas because they are at risk of Taliban retribution for working for the US during a 20-year war in their home country.
Ehsanullah Ahmadzai, a 31-year-old Afghani who has been living in Islamabad for three years, said restrictions should not be placed on vulnerable people who need US assistance.
Trump issued an executive order on January 20 requiring intensified security vetting of any foreigners seeking admission to the US to detect national security threats.
That order directed several cabinet members to submit by March 12 a list of countries from which travel should be partly or fully suspended because their “vetting and screening information is so deficient.”
Afghanistan will be included in the recommended list of countries for a complete travel ban, said the three sources and one other who also asked not to be identified.
The three sources said Pakistan also would be recommended for inclusion.
The departments of State, Justice and Homeland Security and the Office of the Director for National Intelligence, whose leaders are overseeing the initiative, did not respond immediately to requests for comment.
Trump’s plans for travel ban ‘unfortunate, big setback,’ Pakistanis say
https://arab.news/nkkac
Trump’s plans for travel ban ‘unfortunate, big setback,’ Pakistanis say
- New travel ban by Trump could bar people from Afghanistan, Pakistan from entering US as soon as next week
- New ban could affect tens of thousands of Afghans who have been cleared for resettlement in the US as refugees
Pakistan Army’s logistics firm to run national shipping corporation, confirm officials
- Government to transfer 30 percent shares in Pakistan National Shipping Corporation, management control to NLC firm, say officials
- Officials say the move will increase PNSC’s shipping fleet from 10 to 54, save $6 billion Islamabad pays in foreign freight annually
KARACHI: The government has decided to transfer the state-run Pakistan National Shipping Corporation’s (PNSC) management to the military-run National Logistics Corporation (NLC), officials confirmed on Thursday, saying the move is expected to save $6 billion that Islamabad currently pays in foreign freight annually.
A week earlier, Prime Minister Shehbaz Sharif’s government sold 75 percent of its shareholding in the national flag carrier Pakistan International Airlines (PIA) to a business consortium led by Arif Habib Group for Rs135 billion ($482 million).
The government’s current drive to privatize state-owned enterprises (SOEs) is a key requirement of the International Monetary Fund’s (IMF) $7 billion loan program. The global lender wants Islamabad to privatize its loss-making state assets to save valuable revenue.
PNSC reported a 34 percent decline in its profit, which reduced to Rs3.71 billion ($13.2 million) in the July-September quarter this year. Its revenues from shipping business fell by 2 percent to Rs9.32 billion ($33 million) in the same period, according to the company’s filing to the Pakistan Stock Exchange (PSX) seen by Arab News. The PNSC’s profits remained almost stagnant at Rs20 billion ($73 million) in FY25 while its shipping income shrank 18 percent to Rs33.7 billion ($120.3 million).
“We received a letter about one month ago in which the government asked us to sort out things before Dec. 30,” a PNSC official told Arab News on condition of anonymity as he was not authorized to speak to media. “The management control will go to the NLC.”
An NLC official confirmed the same.
“Yes, this is happening,” an NLC official told Arab News on condition of anonymity. He said details will be shared in due course.
Muhammad Arshad, a spokesman at Pakistan’s Maritime Affairs Ministry, and PNSC Spokesperson Muhammad Farooq Nizami both declined to comment on the matter.
“We can’t say anything about this development until we get an official notification,” Nizami told Arab News.
Officials said that as per the PNSC Revitalization and Improvement Plan, the government would sell about 30 percent of its PNSC shareholding to NLC, which would then have a controlling share in the corporation’s management.
As of Jun. 30, the government holds 87.56 percent shares in PNSC, whose 198.1 million shares are listed on the PSX with a market capital of Rs109 billion ($389 million).
The NLC will be required to increase the PNSC’s shipping fleet, which currently comprises only 10 ships, to 54 over the next five years, the shipping company’s official said.
This would help Pakistan’s government save about $6 billion in freight costs as the PNSC’s current 10 ships are only able to handle 11 percent of the country’s commercial cargo, he added.
“As a result, Pakistan has to pay approximately $6 billion annually in foreign exchange to foreign shipping companies as freight charges,” he said.
Among other objectives, the military-led company is also expected to rid PNSC of its aging fleet, as many vessels are nearing the end of their operational life and won’t be able to sail profitably beyond 2030.
“This initiative will ensure 100 percent replacement of all old PNSC vessels along with the induction of new ships,” the PNSC official said.
News reports of the transfer of management have led to a rise in the PNSC’s shares at the PSX, which gained by around 21 percent in the last two trading sessions. The stocks traded at Rs548.89 ($1.9) per share on Thursday morning, taking its year-to-date gains to 17 percent.
Pakistan’s government has been cautious in spending its $16 billion foreign exchange reserves as it aims to keep its current account balance in check.
Pakistan’s current account reported a $812 million deficit in the July-November period from a $503 million surplus last year, according to data shared by the central bank.
The PNSC official said the increase in the company’s shipping fleet will enhance its share in global maritime freight from $162 million to $1.79 billion.
“Despite significant growth potential in the shipping industry, the absence of private operators is hindering market dynamism and efficiency,” he said.
“World-class financial and legal advisers will be appointed for institutional restructuring, transforming PNSC into a modern, agile, and professionally managed organization.”
