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Pakistan " data-color="d85229"> Pakistan, US resolve to jointly counter Daesh, Pakistani Taliban to advance regional security
Pakistan " data-color="d85229"> Three killed in clashes with paramilitary Rangers amid Azad Kashmir protests
Pakistan " data-color="d85229"> IMF, Pakistani officials begin formal talks in Islamabad for fresh bailout program
Pakistan " data-color="d85229"> Pakistan PM steps down as ruling party president, Nawaz Sharif posed to take charge
Pakistan " data-color="d85229"> PIA set to resume Europe operations with flights to Paris in June-July, says CEO
Pakistan " data-color="d85229"> Pakistan to finalize ‘major agreements’ ahead of arrival of ‘higher’ Saudi delegation — commerce minister
Pakistan " data-color="d85229"> Citi expects Pakistan to strike new $8 billion IMF deal by end-July
Pakistan " data-color="d85229"> Pakistan to send qualified, trained nurses to Saudi Arabia
Pakistan " data-color="d85229"> Pakistan benchmark stock index hits record high of 74,000 points
Pakistan " data-color="d85229"> Pakistani filmmaker launches ‘central hub’ for local films at Cannes Film Festival

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Pakistan, us resolve to jointly counter daesh, pakistani taliban to advance regional security.

Development comes amid renewed violence in Pakistan’s western regions that border Afghanistan, where TTP and Daesh are said to have sanctuaries
A Pakistani military spokesman last week said a suicide attack that killed five Chinese engineers in March was planned in neighboring Afghanistan

ISLAMABAD: Pakistan and the United States (US) have resolved to counter Daesh, Pakistani Taliban and other militant groups to advance regional security and address transnational threats, the Pakistani foreign ministry said on Monday.

The consensus was reached during a recently held Pakistan-US Counterterrorism Dialogue in Washington DC, which was co-chaired by Pakistan’s Additional Foreign Secretary Syed Haider Shah and US State Department coordinator for counterterrorism, Elizabeth Richard.

The dialogue underscored the cooperation between Pakistan and the US in addressing challenges to regional and global security, including the Tehreek-e-Taliban Pakistan (TTP) and Daesh-Khorasan, with discussions centered on the counterterrorism landscape in the region.

“Pakistan and the United States recognize that a partnership to counter Daesh-Khorasan (Daesh-Khorasan), TTP and other terrorist organizations will advance security in the region and serve as a model of bilateral and regional cooperation to address transnational terrorism threats,” the Pakistani foreign ministry said in a statement.

“Both governments resolved to increase communication on these topics and continue collaboration to detect and deter violent extremism through whole-of-government approaches.”

The development came amid a renewed wave of violence in Pakistan’s western regions that border Afghanistan, where the TTP and Daesh are said to have their sanctuaries.

Islamabad has accused Kabul of not doing enough to tackle militant groups targeting Pakistan from across the border. Last week, a Pakistani military spokesman said a suicide bomb attack that killed five Chinese engineers in March was planned in neighboring Afghanistan, and that the bomber was also an Afghan national.

Kabul has denied allowing the use of its territory against any country and says rising violence in Pakistan is a domestic issue of Islamabad.

During the dialogue, Pakistani and US officials emphasized the importance of expanded counterterrorism collaboration and capacity-building, including exchanges of technical expertise and best practices, investigative and prosecutorial assistance, provision of border security infrastructure and training, and strengthening multilateral engagement such as in the United Nations and the Global Counterterrorism Forum, according to the Pakistani foreign ministry.

“The Counterterrorism Dialogue reaffirms Pakistan’s and the United States’ shared determination to contribute to both regional and global security and stability,” it added.

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Three killed in clashes with paramilitary rangers amid azad kashmir protests .

Protesters have been calling for reduction in wheat, electricity prices in Himalayan valley through days-long demonstrations
Earlier on Monday, PM approved $83 million wheat flour and electricity subsidy and Azad Kashmir announced new prices

ISLAMABAD: At least three people were killed and scores injured as protesters clashed with paramilitary Rangers troops in Azad Kashmir, officials said on Monday, despite Pakistan’s announcement of a $83 million subsidy to reduce wheat flour and electricity prices in the region.

The development comes amid days-long protests in the disputed Himalayan valley, which is administered by Pakistan, led by the Jammu Kashmir Joint Awami Action Committee (JAAC), which is demanding subsidized wheat flour and that electricity prices be set as per the hydropower generation cost in Azad Kashmir.

On Saturday, a policeman was killed in clashes between police and demonstrators as authorities blocked a rally from moving toward Azad Kashmir’s capital, Muzaffarabad, from the region’s Poonch and Kotli districts. Weekend talks between the JAAC core committee and AJK Chief Secretary Dawood Bareach in Rawalakot ended in a stalemate and a planned march by protesters to the capital resumed on Monday.

Azad Jammu and Kashmir (AJK) Prime Minister Anwar-ul-Haq said at a press conference on Monday the regional government had notified reduced prices of wheat flour and electricity after Pakistani Premier Shehbaz Sharif okayed Rs23 billion ($83 million) in subsidies.

“Despite the issuance of notifications to reduce electricity and wheat prices, along with addressing other demands, protesters attacked a Rangers convoy, leading to an exchange of gunfire that resulted in the death of three civilians and many injuries on both sides,” Abdul Majid Khan, a spokesperson of the AJK government, told Arab News.

“The deployment of Rangers is not uncommon and their [protesters] attack on the convoy was uncalled for as it occurred after the government had already accepted their demands,” he added.

“The situation is currently under control and we are trying to bring calm as the government will not allow mischievous elements to succeed.”

Amjad Ali Khan, a member of the JAAC core committee member, said the protesters had been contemplating calling off the protest after the price reduction announcements, but the situation had “completely changed” after the killings of the three demonstrators.

“At the moment, we are not clear about the exact number of injured as many are injured, while three deaths have been confirmed,” he told Arab News.

Amjad said protesters got agitated by the heavy deployment of the paramilitary Rangers and clashes resultantly erupted in different areas of Muzaffarabad.

“Although the actual issue for which demonstrations started [protesting] has been settled, this new development has changed everything and now we will decide our new course of action tomorrow (Tuesday),” he added.

The Himalayan territory of Kashmir has been divided between India and Pakistan since their independence from Britain in 1947, with both countries ruling part of the territory, but claiming it in full. The western portion of the larger Kashmir region is administered by Pakistan as a nominally self-governing entity while India rules the southern portion of the larger Kashmir region as a union territory.

While the Indian portion has faced an ongoing insurgency for decades and multiple armed attempts by the state to quell it, the Pakistani side has remained relatively calm through the decades, though it is also highly militarized.

Earlier on Monday, AJK PM Haq announced a reduction in the prices of wheat flour and electricity in the region, thanking Pakistan PM Shehbaz Sharif for approved a Rs23 billion ($83 million) subsidy to make it possible.

“He [Sharif] issued instructions and the things that had been pending for a long time with regard to subsidy, electricity prices, resources, have been provided to Azad Kashmir,” Haq said.

The new price of electricity in the region will be Rs3 per unit for 1-100 units, Rs5 per unit for 100-300 units and Rs6 per unit for those consuming above 300 units. Commercial unit price will be Rs10 for 1-300 units, and Rs15 for above 300 units, according to Haq. A 40kg bag of wheat flour, which was previously priced at Rs3,100, will now be sold for Rs2,000.

“This would cost more than Rs23 billion to the national exchequer,” Haq added, “which the [federal] government and the prime minister of Pakistan gladly accepted.”

IMF, Pakistani officials begin formal talks in Islamabad for fresh bailout program

The South Asian country last month completed a short-term $3 billion IMF program that helped stave off a sovereign default
While Islamabad expects a staff-level agreement by July, both sides have refrained from commenting on the size of the program

ISLAMABAD: A team of the International Monetary Fund (IMF) and Pakistani officials on Monday began formal talks in Islamabad for a fresh, longer-term bailout program for the cash-strapped South Asian country, the Pakistani finance ministry said.

The South Asian country, which has been facing low foreign exchange reserves, currency devaluation and high inflation, last month completed a short-term $3 billion IMF program that helped stave off a sovereign default, but the incumbent government of PM Shehbaz Sharif has stressed the need for a fresh, longer-term program.

While Islamabad has said it expects a staff-level agreement by July, both Pakistani and IMF officials have refrained from commenting on the size of the program. The South Asian country is expected to seek around $7-8 billion bailout from the global lender.

On Monday, the IMF team, led by Mission Chief Nathan Porter, met Pakistan Finance Minister Muhammad Aurangzeb, central bank governor, chairman of the Federal Board of Revenue and other officials to kickstart discussions on further engagement with the lender.

“The Finance Minister welcomed the IMF team and thanked them for the successful completion of the [$3 billion] Standby Arrangement (SBA),” the Pakistani finance ministry said in a statement.

“The Finance Minister apprised the IMF team of the improvement in the macro-economic indicators over the course of the SBA and underscored the government’s commitment to continue with and expand upon the reform agenda.”

Pakistan narrowly averted a default last summer and its $350 billion economy has slightly stabilized after the completion of the last IMF program, with inflation coming down to around 17 percent in April from a record high of 38 percent in May last year.

However, the South Asian country is still dealing with a high fiscal shortfall and while it has controlled its external account deficit through import control mechanisms, it has come at the expense of stagnating growth, which is expected to be around 2 percent this year, compared to negative growth last year.

Wall Street Bank Citi expects Pakistan to reach an agreement with the IMF of up to $8 billion program by end-July, and recommends going long on the country’s 2027 international bond.

“While longer-term challenges pertain, we see several positive catalysts supporting the Eurobonds,” Nikola Apostolov at Citi wrote in a note to clients.

“First, a larger and longer IMF EFF (Extended Fund Facility) program could be finalized by July – possibly a $7-8 billion 4-year program and secondly and a possible inflow of Saudi investments,” Apostolov said after a team from Citi visited Pakistan and met policymakers, including Finance Minister Muhammad Aurangzeb.

Citi said it expected Pakistan’s international 2027 bond to offer a sweet spot to investors with sufficient liquidity and large upside as risks of default dissipate further.

— With additional inputs from Reuters.

Pakistan PM steps down as ruling party president, Nawaz Sharif posed to take charge

Nawaz, who founded the Pakistan Muslim League-Nawaz in 1993, stepped down as president in 2018
Supreme Court had ruled individuals disqualified under Articles 62/63 of constitution couldn’t head party

Prime Minister Shehbaz Sharif has resigned as president of the ruling Pakistan Muslim League-Nawaz (PML-N), saying it was time for his elder brother and three-time former premier Nawaz Sharif to “resume his rightful place” as the party’s leader, the PML-N confirmed on Monday.

Nawaz, who founded the PML-N in 1993, stepped down as its president in 2018 after the Supreme Court (SC) ruled that an individual disqualified under Articles 62 and 63 of the constitution, which outline the rules for qualification and disqualification for parliamentarians, could not serve as the head of a political party.

Sharif was disqualified as prime minister by the Supreme Court in July 2017, which declared him “dishonest” for not disclosing a separate monthly income from a company owned by his son. The court also ordered the National Accountability Bureau (NAB) to open a criminal trial into the ownership of London flats and several other revelations about the ex-PM’s family wealth disclosed in the Panama Papers’ leaks.

A year later, following the investigations ordered by the court, Nawaz was sentenced to 10 years in prison for corrupt practices linked to his family’s purchase of the upscale London flat and subsequently to seven years in jail in a separate case for being unable to prove the source of income that had led to his ownership of a steel mill in Saudi Arabia. Nawaz has since been acquitted in both cases, which he always maintained were politically motivated.

Sharif, who is Nawaz’s younger brother, subsequently became president of the party but has always maintained it was a temporary arrangement until his brother was exonerated by the courts.

On Monday, PML-N information secretary and Senior Punjab Minister Marriyum Aurangzeb shared Sharif’s resignation on X.

“I am heartened by recent developments that have exonerated our leader with dignity, affirming his unblemished integrity and commitment to the service of our nation,” Sharif wrote.

“Therefore, it is with a deep sense of duty and reverence for our party’s principles that I tender my resignation as the president of PML-N,” he added, pledging to support the PML-N with “unwavering loyalty” under Nawaz. “The time has come for Mohammad Nawaz Sharif to resume his rightful place as the president of the PML-N.”

After being jailed in 2018, Nawaz flew to London in 2019 after a court allowed him to leave for medical treatment, on the condition he returned when fit. However, he went into exile and ran his party affairs from London, while former cricketer Imran Khan ruled as prime minister until April 2022, when he was ousted in a parliamentary vote of no confidence.

Nawaz’s younger brother, Shehbaz Sharif, subsequently became prime minister for 16 months ahead of general elections on Feb. 8 after which Sharif once again came to power in March and became premier, ruling Pakistan through a fragile coalition with smaller parties.

PIA set to resume Europe operations with flights to Paris in June-July, says CEO

The ban was instituted after PIA air crash in May 2020 which was followed by a fake pilot license scandal
EU’s Aviation Safety Agency says it is ‘not in a position to provide any information related to the status of PIA’

KARACHI: Pakistan International Airlines (PIA) would resume its operations in Europe with two weekly flights to Paris in June and July, the airline’s chief executive officer said on Monday, years after the national flag carrier was barred from operating flights to Europe.

PIA flights to Europe and the UK have been suspended since 2020 after the EU’s Aviation Safety Agency (EASA) revoked the national flag carrier’s authorization to fly to the bloc following a pilot license scandal that rocked the country.

The issue, which followed a plane crash in May 2020 that killed nearly a hundred people, had resulted in the grounding of 262 of Pakistan’s 860 pilots, including 141 of PIA’s 434.

“We hope we will commence our bi-weekly flights for Paris in the June or July timeframe. We are very hopeful about it,” said PIA CEO Muhammad Amir Hayat, while responding to questions during a Facebook Live.

“All our pre-operation formalities are complete, we just await final clearance, and as soon as we get it, we will start.”

Soon after the ban was imposed, Hayat said, PIA began compiling deliverables, systematically providing evidence to EASA, and telling the European agency the airline was safety-compliant.

“In March 2023, they conducted an online audit, and from my perspective, it was clear to them as they conducted the online audit that they would come for a physical audit, and they would be assured that we are at the level where they can confirm the audit,” Hayat said, adding the physical audit was conducted in November.

“In December, we received their confirmation that they accepted our deliverables. However, along with that, there are also some deliverables from the Civil Aviation Authority for which the CAA is in touch with them.”

For direct flights to the UK, Hayat said, an independent audit would have to be conducted post-Brexit.

“We have uploaded all the requirements on their portal. According to a careful estimate, after receiving clearance from EASA, the process should take two to three months,” he said. “We hope to achieve the goals of UK and European flights this year.”

Reached for confirmation, an EASA spokesperson told Arab News via email that the agency was “not in a position to provide any information related to the status of PIA.”

The spokesperson advised contacting PIA or the Pakistani CAA for information regarding any developments.

Pakistan is also set to privatize the national airline, which has been facing a financial crisis for the last several years, by June and July as part of the requirements set by the International Monetary Fund (IMF).

But no significant progress has been on that front made due to various reasons, including the suspension of the airline’s flights to Europe.

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Tajikistan president arrives in Pakistan on two-day official visit

India to operate Iran’s Chabahar port

Ayub khan’s body should be exhumed and hanged: khawaja asif, ajk govt approves reduction in electricity, flour prices after violent protests.

ISLAMABAD: Tajikistan President Emomali Rahmon arrived in Pakistan on a two-day official visit at the invitation of Prime Minister Shehbaz Sharif, ARY News reported on Wednesday.

Tajik president was received by Federal Commerce Minister Syed Naveed Qamar.

A twenty-one gun salute was performed to honour the visiting dignitary and a contingent of guards presented a static guard of honour to the Tajik president.

According to Foreign Affairs Ministry, during the visit, the two sides will exchange views on further strengthening bilateral cooperation in various areas.

A number of bilateral agreements and MoUs are expected to be signed.

In a statement, Foreign Office spokesperson Mumtaz Zahra Baloch said, “Pakistan and Tajikistan are brotherly countries linked through longstanding historical, cultural and religious bonds.”

She said, “These ties are marked by mutual respect and exceptional cordiality. The two countries have commonality of views on various regional and international issues.”

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Pakistan and Tajikistan have agreed to enhance bilateral relations towards a strategic cooperation for mutual benefit of the two countries and their peoples.

According to the Joint Communiqué on official visit of President of Tajikistan Emomali Rahmon to Pakistan, during the delegation level talks, the Tajik President and Prime Minister Shehbaz Sharif exchanged views on a wide range of issues of bilateral cooperation, as well as regional and international issues of mutual interest.

Both the leaders reaffirmed their commitment to deepen the existing fraternal ties between the two countries which are based on a shared history, culture, geographical contiguity and common faith.

The leadership of the two countries expressed satisfaction on the steady growth and momentum of the bilateral relations and agreed to enhance these relations towards a strategic cooperation for mutual benefit of the two countries and their peoples. The two leaders agreed that the Strategic Partnership Agreement, which will further enhance bilateral cooperation, should be finalized at the earliest and be signed during the visit of Prime Minister of Pakistan to Dushanbe next year.

The Prime Minister highly appreciated efforts of the President of Tajikistan as one of the founders of the SCO and expressed support for his initiative to establish the SCO Anti-Drug Center in Dushanbe.

He underlined the importance of engagement with Tajikistan under Pakistan's "Vision Central Asia" policy which is based on the five pillars of bilateral cooperation i.e. political, trade & investment, energy and connectivity, security and defence and people-to-people contacts. Both sides welcomed Pakistan's initiative to hold Regional Connectivity Summit early next year. The Prime Minister reiterated Pakistan's support to Tajikistan for its membership in Quadrilateral Traffic in Transit Agreement. Noting efforts of the Central Asian states aimed at establishing on atmosphere of good-neighbourliness, trust and friendship in the region, Shehbaz Sharif welcomed holding of the fifth anniversary of the Consultative Meeting of the Heads of State of Central Asia in Tajikistan on September 14-15, next year.

The two sides agreed to enhance bilateral economic ties by exploring new avenues, opportunities and ventures. In this regard, both sides held discussions on early establishment of road, rail and air connectivity between the two countries through active consultations at expert level in relevant fields. The two leaders also noted with satisfaction the progress made through the Joint Working Groups, which were constituted earlier to boost bilateral cooperation in multifaceted fields particularly trade, investment, transport, energy, culture and tourism. The two sides agreed to convene meetings of these JWGs regularly to follow up on the exchanges.

The two sides expressed readiness to hold the 7thSession of Pakistan-Tajikistan Joint Commission on Trade, Economic and Scientific Technical Cooperation in Islamabad, at an early date.

The two leaders reaffirmed early finalization of the flagship power project CASA-1000 . They agreed that completion of the project would open new avenues for future energy corridors, leading to prosperity for the whole region. They emphasized the need to fully tap the vast potential in the fields of energy, connectivity, agriculture and industry.

The Prime Minister informed the Tajik President about the operationalization of Gwadar seaport and offered Tajikistan the opportunity to avail themselves of the facility of Pakistani seaports and CPEC . He highlighted that the Pakistani seaports offer the most efficient, shortest and economic route for the Central Asian countries including Tajikistan to the markets in Middle East and beyond.

The Tajik President, noting potential and experience of Pakistan in the field of investment and new technologies, invited the Pakistani side to actively participate in the creation of joint ventures in Tajikistan, on the basis of existing industrial enterprises and free economic zones.

The two leaders noted the gradual development of bilateral cooperation in the fields of counter-terrorism and security.

The Prime Minister appreciated the efforts of the Republic of Tajikistan to promote multilateral cooperation in countering terrorism and it's financing in the Central Asian region and holding together with UN high-level international conferences in the framework of Dushanbe Process.

Shehbaz Sharif, taking into account the negative impact of global climate change on the glaciers, supported the proposal of the President to declare 2025 the International Year of Glacier Conservation and the creation of the International Foundation for The Protection of Glaciers.

The two leaders exchanged views on the rise of Islamophobia world-wide and expressed support for the joint initiatives and collective efforts of the OIC to combat this scourge.

On Afghanistan, the two sides agreed that a peaceful, prosperous, interconnected and stable Afghanistan is fundamental to regional prosperity and progress. They considered it important for Afghanistan to have an inclusive government.

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Tajikistan president to visit Pakistan today

02 Jun 2021

ISLAMABAD: President of Tajikistan Emomali Rahmon, accompanied by a high-level delegation, will arrive in Islamabad today (Wednesday) for a two-day visit. Earlier in March, Foreign Minister Shah Mehmood Qureshi had extended an invitation to Rahmon on behalf of Prime Minister Imran Khan in a meeting in Dushanbe. “Tajikistan is important within the context of Pakistan’s vision for closer ties and enhanced cooperation with Central Asia.

The vision emphasizes forging deeper trade, investment, energy, security, and people-to-people links”, said the Foreign Office while announcing the visit. Bilateral relations with Tajikistan are characterised by Pakistan as one with mutual respect, shared perceptions and a common desire to promote peace, stability and development in the region.

Qureshi during the 9th Heart of Asia — Istanbul Process Ministerial Conference in Dushanbe, had met with the civil and military leadership of Tajikistan. “Indeed our bilateral ties with Tajikistan are of great importance with the shared vision and goals of both Pakistan and Tajikistan leadership lending a strong foundation to build these further,” Qureshi had said at the time. Pakistan has also offered its seaports to Tajikistan since they offered the shortest route to connectivity with Southeast Asia, the Middle East, Africa and beyond.

Pakistan has trained many military officers and senior diplomats of Tajikistan, while the government says it will welcome more officers coming to Pakistan, while extending Pakistan’s willingness in training and further building Tajikistan’s military capabilities.

During the visit, Prime Minister Imran Khan and President Rahmon will lead their respective sides in the delegation-level talks. Both Pakistan and Tajikistan are part of the CASA-1000 Transmission line Project along with Kyrgyz Republic and Afghanistan. The power project envisages the transportation of surplus electric power from Kyrgyz Republic and Tajikistan to Pakistan (1000MW) and Afghanistan (300MW).

Qureshi on his visit to Dushanbe had held out an assurance of Pakistan’s commitment to CASA-1000 and its interest in its timely completion because it was project that benefits Pakistan and the region. “The two sides will exchange views on deepening bilateral cooperation in diverse areas — including political, economic, trade, investment, energy, security and defence, culture, education and regional connectivity”, said the Foreign Office.

A number of agreements/MoUs are expected to be signed during the visit. The visiting dignitary will separately meet with President Dr Arif Alvi. The two countries share common views on major regional and international issues and cooperate closely at various multilateral fora.

Qureshi says there is a lot of opportunity for enhancing bilateral trade and promoting investment in both countries, and urged the need for businessmen and entrepreneurs in both countries to visit the other and invest in potential business opportunities.

On 25th May 2021, the two sides held the 5th round of Pakistan-Tajikistan Bilateral Political Consultations (BPC) at the level of foreign secretary/first deputy foreign minister and reviewed the whole gamut of bilateral relations.

Pakistan has also stressed the importance of parliamentary exchanges because they create linkages amongst policy makers for both governments and that is very important. President Rahmon has visited Pakistan seven times since 1994. His last bilateral visit was in November 2015. In the multilateral context, President Rahmon visited Pakistan for the 13th ECO Summit held in Islamabad in March 2017. His forthcoming visit will reinforce the efforts of both sides to forge a long-term, multi-dimensional relationship.

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