Veteran journalist, now 85, recalls birth of Pakistan, evolution of national media

An undated file photo of veteran Pakistani journalist, Muhammad Arshad with a colleague. (Photo courtesy: Muhammad Arshad)
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Updated 14 August 2025
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Veteran journalist, now 85, recalls birth of Pakistan, evolution of national media

  • Muhammad Arshad started his career in 1960s, has worked for several newspapers and state-owned PTV
  • Arshad says profession has shifted from serving nation to prioritizing personal gain but hopes for better future 

ISLAMABAD: In the early hours of Aug. 14, 1947, hundreds gathered on the lawn of the Shakargarh tehsil headquarters, waiting for history to be made. 

As a German-made Grundig radio crackled to life with the announcement of Pakistan’s independence, headmasters, scholars, businesspeople and children erupted in joy. Among them was seven-year-old Muhammad Arshad.

Now 85, Arshad has spent more than five decades in journalism, witnessing both Pakistan’s turbulent history and the transformation of its news media.




An undated file photo of veteran Pakistani journalist, Muhammad Arshad on his graduationJournalism from Punjab University in 1961. (Photo courtesy: Muhammad Arshad)

The British partition of the subcontinent created two states on the basis of religion, with Muslim-majority areas allocated to Pakistan and Hindu-majority to India. The process triggered the largest mass migration in human history, with an estimated one million people killed in communal violence.

Arshad’s hometown of Shakargarh, then part of Gurdaspur district in present-day Indian Punjab, was allocated to Pakistan, while Gurdaspur itself went to India. The tehsil became a hub for Muslim migrants fleeing violence, many of them wounded and destitute.

“All the people who arrived were injured, cut up or wounded,” Arshad recalled. “And they came into Shakargarh city, where there was only one government dispensary.”

Arshad moved to Lahore in the 1950s for higher education, earning a Master’s degree in Journalism from Punjab University in 1961 as part of its first graduating class in the subject. He began his career that year as a sub-editor at Daily Kohistan, later working for several newspapers before joining state broadcaster Pakistan Television (PTV) in 1983, where he served until 2000.

After retirement, he continued contributing to newspapers and television until 2010, and taught journalism at Pakistani universities until 2023.

His career has given Arshad a unique vantage point to comment on Pakistan’s media landscape, whose ethos he says has changed fundamentally.




An undated file photo of a news paper clipping shows a coloumn written by veteran Pakistani journalist, Muhammad Arshad. (Photo coutresy: Muhammad Arshad)

“In earlier times, journalism meant serving the nation’s existence, not one’s own, like I am no one,” he said. “And now, there is no preference to the nation, and I am on the forefront.”

Indeed, Pakistan’s news media, particularly its private television channels and digital outlets, regularly face criticism for political bias, sensationalism and spreading misinformation. 

Arshad contrasted current practices with his early years in the profession.

“During my career, news outlets gathered facts from the field like a sacred trust and reported them honestly,” he said. “Now everyone wants to put himself and personal gains at the forefront and the public is behind somewhere.”

He also lamented what he sees as a weakening command of the Urdu language among journalists, anchors and newscasters, urging them to refine their delivery and avoid mixing words.

“If we revive that spirit of truth and integrity, the profession can still guide Pakistan to a better future,” Arshad said.




An undated file photo of veteran Pakistani journalist, Muhammad Arshad (left) with fellow journalists. (Photo courtesy: Muhammad Arshad)

Indeed, at the end of the day, the veteran media man still remains hopeful — for the future of the media and Pakistan. 

“There is no need for despair because it will be fine. How will it be fine? There is no argument for this except one,” he said.

“When Pakistan came into being, it did not even have a needle. Now, it is an atomic power.”


Islamabad dismisses claims about paying up to 8 percent interest on foreign loans as ‘misleading’

Updated 22 February 2026
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Islamabad dismisses claims about paying up to 8 percent interest on foreign loans as ‘misleading’

  • Pakistan has long relied on external loans to help bridge persistent gaps in public finances and foreign exchange reserves
  • Pakistan’s total external debt, liabilities stand at $138 billion at an overall average cost of around 4 percent, ministry says

KARACHI: Pakistan’s finance ministry on Sunday dismissed as “misleading” claims that the country is paying up to 8 percent interest on external loans, saying the overall average cost of external public debt is approximately 4 percent.

Pakistan has long relied on external loans to help bridge persistent gaps in public finances and foreign exchange reserves, driven largely by a narrow tax base, chronic trade deficits, rising debt-servicing costs and repeated balance-of-payments pressures.

Over the decades, successive governments have turned to multilateral and bilateral lenders, including the International Monetary Fund, the World Bank and the Asian Development Bank, to support budgetary needs and shore up foreign exchange reserves.

The finance ministry on Sunday issued a clarification in response to a “recent press commentary” regarding the country’s external debt position and associated interest payments, and said the figures required contextual explanation to ensure accurate understanding of Pakistan’s external debt profile.

“Pakistan’s total external debt and liabilities currently stand at $138 billion. This figure, however, encompasses a broad range of obligations, including public and publicly guaranteed debt, debt of Public Sector Enterprises (both guaranteed and non-guaranteed), bank borrowings, private-sector external debt, and intercompany liabilities to direct investors. It is therefore important to distinguish this aggregate figure from External Public (Government) Debt, which amounts to approximately $92 billion,” it said.

“Of the total External Public Debt, nearly 75 percent comprises concessional and long-term financing obtained from multilateral institutions (excluding the IMF) and bilateral development partners. Only about 7 percent of this debt consists of commercial loans, while another 7 percent relates to long-term Eurobonds. In light of this composition, the claim that Pakistan is paying interest on external loans ‘up to 8 percent’ is misleading.

The overall average cost of External Public Debt is approximately 4 percent, reflecting the predominantly concessional nature of the borrowing portfolio.”

With respect to interest payments, public external debt interest outflows increased from $1.99 billion in Fiscal Year (FY) 2022 to $3.59 billion in FY2025, representing an increase of 80.4 percent, not 84 percent as reported. In absolute terms, interest payments rose by $1.60 billion over this period, not $1.67 billion, it said.

According to the State Bank of Pakistan’s records, Pakistan’s total debt servicing payments to specific creditors during the period under reference were as follows: the IMF received $1.50 billion, of which $580 million constituted interest; Naya Pakistan Certificates payments totaled $1.56 billion, including $94 million in interest; the Asian Development Bank received $1.54 billion, including $615 million in interest; the World Bank received $1.25 billion, including $419 million in interest; and external commercial loans amounted to nearly $3 billion, of which $327 million represented interest payments.

“While interest payments have increased in absolute terms, this rise cannot be attributed solely to an expansion in the debt stock,” the ministry said. “Although the overall debt stock has increased slightly since FY2022, the additional inflows have primarily originated from concessional multilateral sources and the IMF’s Extended Fund Facility (EFF) under the ongoing IMF-supported program.”

Pakistan secured a $7 billion IMF bailout in Sept. 2024 as part of Prime Minister Shehbaz Sharif’s efforts to stabilize the South Asian economy that narrowly averted a default in 2023. The government has since been making efforts to boost trade and bring in foreign investment to consolidate recovery.

“It is also important to note that the increase in interest payments reflects prevailing global interest rate dynamics. In response to the inflation surge of 2021–22, the US Federal Reserve raised the federal funds rate from 0.75-1.00 percent in May 2022 to 5.25–5.50 percent by July 2023. Although rates have since moderated to around 3.75 percent, they remain significantly higher than 2022 levels,” the finance ministry said.

“The government remains committed to prudent debt management, transparency, and the continued strengthening of Pakistan’s macroeconomic stability,” it added.