Pakistan, Belarus agree to enhance counterterrorism, border security cooperation

Belarus Internal Affairs Minister Ivan Kubrakov speaks during a meeting with Pakistan Prime Minister Shehbaz Sharif in Islamabad on August 27, 2025. (Handout/PMO)
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Updated 27 August 2025
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Pakistan, Belarus agree to enhance counterterrorism, border security cooperation

  • Belarus Minister for Internal Affairs Ivan Kubrakov meets Pakistan PM, interior minister in Islamabad
  • Both sides finalize extradition treaty, sign MoU enabling Pakistanis to seeks jobs in Belarus, says state media

ISLAMABAD: Pakistan and Belarus agreed to enhance bilateral cooperation in counterterrorism, border security, police training and finalized an extradition treaty on Wednesday, state-run media reported as both countries eye stronger ties.

Pakistan and the Eastern European country have moved closer in recent months, with Prime Minister Shehbaz Sharif visiting Belarus in April. During his visit, Sharif held talks with Belarusian President Aleksandr Lukashenko to review progress on bilateral cooperation in various sectors.

The latest agreements between the two sides were reached during Belarusian Minister of Internal Affairs Ivan Kubrakov’s ongoing visit to Islamabad, where he met Interior Minister Mohsin Naqvi and Prime Minister Shehbaz Sharif.

“Pakistan and Belarus have agreed to enhance bilateral cooperation in counterterrorism, counter-narcotics, border security and police training,” state broadcaster Radio Pakistan reported.

This understanding was reached during Kubrakov’s meeting with Naqvi, during which both sides also finalized an extradition agreement and signed the protocol for its implementation, state media said.

Pakistan and Belarus also agreed to form a joint working group to further strengthen their bilateral ties, it added. Naqvi said Pakistan values its relations with Belarus and is keen to advance them in all fields.

“He welcomed the signing of the MoU between Belarus and Pakistan’s Ministry of Overseas Pakistanis, saying it will enable several thousand Pakistanis to go to Belarus for employment,” Radio Pakistan said.

The Belarusian minister later met Sharif, the Prime Minister’s Office (PMO) said, expressing his country’s desire to enhance cooperation with Pakistan in agriculture and industry.

Pakistan’s growing engagement with Belarus comes at a time when Islamabad seeks increasing trade and economic cooperation with landlocked Central Asian republics, Gulf allies, traditional allies and new ones.

Pakistan aims to leverage its strategic position as a key trade and transit hub to connect these nations to the global market, while earning much-needed foreign exchange.


Pakistan says record $2.37 billion debt market transaction helps cut power sector circular debt

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Pakistan says record $2.37 billion debt market transaction helps cut power sector circular debt

  • Power minister says settlement includes redemption of energy sukuk, bank loans under the debt reduction plan
  • Awais Leghari says move strengthens confidence in the government's reform agenda, energy-sector restructuring

ISLAMABAD: Pakistan’s power minister announced on Wednesday the government has settled Rs 659.6 billion ($2.37 billion) in energy sector debt, calling it the largest-ever debt market transaction carried out in the country as Islamabad pushes ahead with reforms to curb mounting liabilities in its troubled power sector.

Circular debt, the chronic build-up of unpaid bills across the electricity supply chain, has for more than a decade crippled Pakistan’s power system, driven by poor bill recovery, high line losses, tariff shortfalls and expensive financing costs.

Successive governments have struggled to contain the debt pile, which has strained public finances and remained a key point of friction in bailout talks with the International Monetary Fund.

“Delighted to announce the successful completion of PKR 659.6 billion PHL settlements ... through capital markets which is Pakistan’s largest-ever debt market transaction,” Power Minister Awais Leghari said on X, referring to the settlement of Power Holding Limited liabilities.

PHL is a government-owned entity that borrowed heavily over the years to finance the power sector.

The minister said part of the settlement involved redeeming Pakistan Energy Sukuk I and II, Islamic bonds raised earlier to plug power sector financing gaps, through an off-market National Debt Market (NDM) transaction.

Leghari said the redemption included Rs 399.6 billion ($1.44 billion) in sukuk-related obligations and Rs 259.7 billion ($935 million) in syndicated bank loans.

“This landmark transaction is a core component of the PKR 1,225 billion [$4.41 billion] Circular Debt Reduction Plan, reflecting strong institutional confidence in Pakistan’s economic reforms,” he said, adding the move demonstrated the capacity of Pakistan’s capital and Islamic finance markets to manage large-scale restructuring operations.

The minister said the government remained committed to long-term structural energy reforms, fiscal stabilization and continued engagement with stakeholders to accelerate “reform-driven growth.”