Pakistan PM vows easier investment climate in talks with Malaysian venture capital group

Prime Minister of Pakistan, Shehbaz Sharif (right), in conversation with a member of Gobi partners, a Malaysia-based firm that invests across Asia’s emerging markets, in Kuala Lumpur, Malaysia, on October 7, 2025. (Government of Pakistan)
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Updated 07 October 2025
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Pakistan PM vows easier investment climate in talks with Malaysian venture capital group

  • Gobi Partners, with over $1.6 billion in assets, invests in tech startups across emerging Asian markets
  • Shehbaz Sharif receives honorary doctorate for leadership and governance from Malaysian university

ISLAMABAD: Prime Minister Shehbaz Sharif told a leading Malaysian venture capital group on Tuesday Pakistan and Malaysia were working to strengthen business-to-business links, with his administration pledging to make it easier to invest and operate in the country, particularly in the digital economy.

Sharif made the remarks during a meeting in Kuala Lumpur with Gobi Partners, a Malaysia-based firm that invests across Asia’s emerging markets. He welcomed the firm’s interest in Pakistan’s startup ecosystem and said the government was committed to improving the ease of doing business and supporting early-stage investors through targeted reforms.

Sharif is on a three-day visit to Malaysia, where he held wide-ranging talks a day earlier with his Malaysian counterpart Anwar Ibrahim.

The two countries announced a new $200 million halal meat trade quota and pledged to deepen cooperation in the digital economy, agriculture and education, in what both leaders described as a renewed effort to expand economic and strategic ties between the two Muslim nations.

“We are determined to create a business-friendly environment and improve the ease of doing business,” Sharif said, according to a statement from his office, during the meeting. “Our priority is to mobilize domestic and international capital to build a sustainable startup ecosystem.”

He said the Special Investment Facilitation Council (SIFC), a hybrid civil-military body set up two years ago to fast-track decisions in key economic sectors, was actively working to provide all necessary support to foreign investors.

Sharif also highlighted that Pakistan’s digital economy — including fintech, e-commerce and IT services — occupied a central place in the country’s national development strategy.

Gobi Partners, founded in 2002, has more than $1.6 billion in assets under management, investing across emerging markets in and around Malaysia’s immediate neighborhood, particularly in startups.

The visiting delegation expressed interest in collaborating with Pakistani firms in the financial technology and online commerce sectors, according to the statement.

Later in the day, the prime minister received an honorary doctorate in leadership and governance from the International Islamic University Malaysia.

Sharif spoke about the Islamic paradigm of leadership while addressing the occasion and thanked the participants of the event.

“Today, the Muslim Ummah confronts formidable challenges,” he said in his acceptance speech. “Conflicts, poverty, disunity and more than ever, it is in these testing times that we need to hold on together to our values and ethics guided by our religion, Islam, to be able to reclaim our lost place in the comity of nations.”

“Our responsibility as servants and as leaders is to provide them the right platforms to serve the cause of suffering humanity with compassion and with great commitment,” he added.

The prime minister said he also hoped his visit would strengthen academic cooperation between Pakistan and Malaysia and praised IIUM as one of the Muslim world’s most respected institutions that integrate knowledge, and ethics.


Pakistan’s army chief to get expanded powers under proposed reform

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Pakistan’s army chief to get expanded powers under proposed reform

  • Asim Munir, President Trump’s ‘favorite field marshal,’ to be head of all military forces, a new position
  • Constitutional cases to be taken away from Supreme Court, opposition raps changes as undemocratic

ISLAMABAD: Pakistan’s powerful army chief will be given an expanded role and the remit of the Supreme Court will be curbed under constitutional changes passed by the upper house of parliament this week, a move the opposition says will undermine democracy.

Pakistan, historically coup-prone, is seeing its longest period of elected government. But in recent years, after civilians have sought to assert more authority in governance, the military has taken tighter hold of the levers of power, while not staging an outright takeover.

The bill, passed on Monday by the Senate in about three hours, unusually fast for a constitutional change, after the opposition boycotted the debate, is now before the lower house before it can become law.

Army chief Asim Munir, described by US President Donald Trump as his “favorite Field Marshal,” would take overall command of the military — including air and naval forces — with the new position of Chief of Defense Forces under the proposed amendment. After completion of his term, he would retain his rank and have legal immunity for life.

While the military has long wielded extensive power, the reforms would give it greater constitutional backing that would not be easily reversed. Hitherto the army chief was the equal of the air force and navy chiefs, with a chairman of the joint chiefs sitting above him, a post that would be eliminated.

Constitutional cases would no longer be heard by the Supreme Court but by a new Federal Constitutional Court, with judges appointed by the government. In recent years, the Supreme Court has, at times, blocked government policies and ousted prime ministers.

Critics say handpicked judges would now hear the most politically sensitive cases impacting the government, with the Supreme Court dealing with civil and criminal matters.

Under the reforms, President Asif Zardari would also get immunity for life from prosecution.

“All these amendments are for governance, and the federal government’s coordination with the provinces, and to strengthen defense capability after winning a war,” Information Minister Attaullah Tarar said, referring to clashes with India in May.

The government said it was confident it had the numbers in parliament to approve the constitutional changes, which were unusually introduced to the Senate over the weekend. A two-thirds majority is required in the two houses that make up the parliament, the Senate and National Assembly.

The biggest opposition party, founded by jailed ex-prime minister Imran Khan, said it was not consulted. After a noisy protest, opposition parties walked out on Monday when the amendment was introduced to the Senate floor for debate.

Khan’s party PTI condemned the proposed changes.

“The amendment serves as a tool for the ruling coalition to bulldoze institutional checks and balances, silence the opposition, restrict fundamental rights, and concentrate power in its own hands,” PTI’s spokesman for international media, Zulfi Bukhari, told Reuters.

Munir was promoted from General to Field Marshal after the May conflict with India. Law Minister Azam Tarar said on Saturday the rank would be given constitutional protection “because he is the hero of the whole nation.”

The military did not immediately respond to a request for comment. Security officials said the changing nature of modern war, where land troops do not necessarily play the paramount role, requires unified command of all the armed forces.

The government says the court reforms are necessary because hearing constitutional cases takes up too much of the Supreme Court’s time, creating a case backlog.