Ex-PM Sharif advocates improved relations with India, Afghanistan to boost Pakistan’s global standing

Ex-PM Sharif advocates improved relations with India, Afghanistan to boost Pakistan’s global standing
Former Pakistan Prime Minister and graft convict Nawaz Sharif, center, arrives to appear before the court in Islamabad on October 24, 2023. (AFP/File)
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Updated 09 December 2023
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Ex-PM Sharif advocates improved relations with India, Afghanistan to boost Pakistan’s global standing

Ex-PM Sharif advocates improved relations with India, Afghanistan to boost Pakistan’s global standing
  • Nawaz Sharif faced criticism by his political rivals for trying to improve bilateral ties with India in previous tenures
  • His statement is viewed as significant since he is believed to be a strong candidate for the PM’s post after Feb. 8 polls

ISLAMABAD: Former prime minister Nawaz Sharif on Saturday stressed the need to improve Pakistan’s relations with neighboring countries, including India and Afghanistan, to pursue more effective diplomacy on the world stage and raise the country’s international status.
The ex-premier’s statement comes amid Pakistan’s frosty bilateral relations with the neighboring states, particularly India and Afghanistan, over a spectrum of issues, including a protracted territorial dispute and cross-border militancy.
Pakistan severed diplomatic and economic ties with India in August 2019 after New Delhi stripped the disputed state of Jammu and Kashmir of its special constitutional status. Its relationship with Kabul is also at the lowest ebb following a surge in suicide attacks in Pakistan which have been blamed on a militant network, Tehreek-e-Taliban Pakistan (TTP), whose leadership is believed to be operating from Afghanistan. These mounting tensions between the two neighbors have also led to the deportation of Afghan nationals from the country due to security reason.
In his past tenures as the prime minister, Sharif tried to improve Pakistan’s relations with its arch-rival and nuclear-armed neighbor, India, for which he also faced criticism from his political opponents. His recent statement is viewed as significant since he is widely believed to be seeking the position of prime minister in the wake of the next general elections slated for February 8.
“How is it possible to achieve global status if your neighbors are upset with you, or you with them,” he questioned while addressing the party’s parliamentary board meeting in Lahore.
“We have to mend our relations with India and Afghanistan,” he continued. “Strengthen them further with Iran and China.”
Sharif said the government should not just focus on economic obligations but display its performance in every sector.
He maintained the country had done quite well during his past tenures in all the fields, including defense and foreign affairs.
Referring to his decision in May 1998 to test nuclear weapons in response to India, he said his administration had bolstered the country’s security.
Sharif recalled that two Indian prime ministers, Atal Bihari Vajpayee in 1999 and Narendra Modi in 2015, had visited Pakistan during his past tenures.
“Did anyone visit before them,” he asked.
The ex-premier returned to Pakistan from London in October after ending a self-imposed exile of about four years to contest the upcoming polls. He will spearhead his party’s election campaign and contend for the top political office in Pakistan for the fourth time.


Pakistan says no decision yet on requests by provinces to suspend Internet in Muharram

Pakistan says no decision yet on requests by provinces to suspend Internet in Muharram
Updated 32 sec ago
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Pakistan says no decision yet on requests by provinces to suspend Internet in Muharram

Pakistan says no decision yet on requests by provinces to suspend Internet in Muharram
  • The proposals relate to Ashura processions in Muharram, 10 days of mourning by minority Shiite Muslims
  • The event is holiest in Shiite calendar, commemorates 7th century death of Imam Hussain and companions

ISLAMABAD: Pakistan’s interior ministry said on Friday it had not made any decision on requests by provinces to suspend Internet service to ensure security in Muharram.
The proposals relate to Muharram’s Ashura processions, 10 days of mourning by minority Shiite Muslims. The event is the holiest in the Shiite calendar and commemorates the 7th century death of Imam Hussain and his companions.
Militant groups have often targeted Muharram processions and imambargahs and killed of hundreds of people in the past, but the Pakistani interior ministry said it had neither accepted nor rejected any request in this regard.
“The prime minister will make a final decision whether to suspend Internet or not,” the ministry said in a statement.
Pakistan’s largest Punjab province has also proposed a ban on all social media platforms for six days due to security concerns regarding thousands of religious processions which start next week, provincial information minister Azma Bukhari said on Friday.
The measure was aimed at protecting the minority from sectarian violence, the provincial government wrote in a letter to Pakistan’s interior ministry on Thursday.
The letter said social media platforms such as “Facebook, WhatsApp, Instagram, YouTube, Twitter and Tiktok be suspended across the province of Punjab ... in order to control hate material/misinformation.”
Pakistan has blocked access to X since its February election, which the interior ministry said in a court submission in April was due to national security concerns.
Civil and rights groups have criticized the ban as an “attack on freedom of speech and access to information” in a highly polarized country amid allegations of election fraud.


Pakistan financial sector showed steady performance, expanded 27 percent in 2023 — central bank

Pakistan financial sector showed steady performance, expanded 27 percent in 2023 — central bank
Updated 28 min 23 sec ago
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Pakistan financial sector showed steady performance, expanded 27 percent in 2023 — central bank

Pakistan financial sector showed steady performance, expanded 27 percent in 2023 — central bank
  • The State Bank of Pakistan presented performance, risk assessment of various segments of financial sector in its annual review
  • It notes policy measures and regulatory interventions, coupled with $3 billion IMF bailout, helped improve macroeconomic conditions

ISLAMABAD: Pakistan’s financial sector showed a steady performance and expanded 27 percent in 2023 as inflation began falling, economic growth recovered and currency exchange rate stabilized in the country, the Pakistani central bank said on Friday.
The State Bank of Pakistan (SBP) stated this in its annual Financial Stability Review (FSR) for 2023, presenting performance and risk assessment of various segments of the financial sector including banks, microfinance banks (MFBs), non-bank financial institutions (NBFIs), insurance, financial markets and financial market infrastructures (FMIs). It assessed financial soundness of major user of credit and financial services, viz. the non-financial corporate sector.
The review highlighted that macroeconomic environment remained challenging amid rising inflation, weak foreign exchange inflows and pressures on external account and local currency, and low business confidence particularly in the first half of 2023. However, policy measures and regulatory interventions that were taken to address growing imbalances, coupled with a $3 billion bailout from the International Monetary Fund (IMF), helped improve the macroeconomic conditions in the second half.
“In this backdrop, the financial sector exhibited strong growth and performance and maintained its financial soundness and operational resilience. The asset base of the financial sector expanded by 27.0 percent in CY2023, which was mainly driven by the banking sector,” the SBP said.
While volatility in financial markets remained high, the financial sector particularly the banking sector remained resilient and grew by 29.5 percent. The growth in assets was primarily driven by investments in government securities while private sector advances contracted in the backdrop of stressed macro-financial conditions, according to the review.
The non-bank financial sector also showed healthy performance, with the asset base of Development Finance Institutions (DFIs) and Non-Bank Financial Institutions (NBFIs) observing strong expansion. The insurance sector witnessed growth in assets and gross premium despite slowdown in economic activity.
“The overall position of the non-financial corporate sector was encouraging as solvency indicators and repayment capacity remained satisfactory,” the SBP said. “Large borrowers of banking sector exhibited stable repayment capacity and there were no significant delinquencies during the year under review.”
E-banking transactions continued to drive growth in retail payments in 2023 and the central bank moved to implement the third phase of ‘Raast’ payment system’s person-to-merchant (P2M) mode to facilitate digital payment acceptance for merchants and businesses.
“Going forward, overall risks to financial stability appear to be manageable due to anticipated moderation of macroeconomic stress and strong buffers and risk management capabilities of the banking sector,” the bank added.


Authorities revoke permit for Imran Khan’s party to hold public rally in Islamabad today

Authorities revoke permit for Imran Khan’s party to hold public rally in Islamabad today
Updated 06 July 2024
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Authorities revoke permit for Imran Khan’s party to hold public rally in Islamabad today

Authorities revoke permit for Imran Khan’s party to hold public rally in Islamabad today
  • The decision was mentioned by the capital police that warned of legal action against anyone who violated it
  • Earlier, the PTI accused state agencies of ‘abducting’ media team member to quell dissenting political voices

ISLAMABAD: Police in Pakistan’s federal capital said on Friday the district administration had revoked the permission to “a political party” to hold a rally on July 6 and warned of legal action against anyone who violated the decision.
The announcement came as former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party was preparing to hold the rally to protest the tax-laden budget presented last month, along with the spiraling cost of living in the country.
PTI said earlier this month that the federal government was delaying the issuance of a no-objection certificate for it to hold the public meeting, as its leaders promised record-breaking numbers.
The party maintained it never stopped its rivals from holding political rallies during its tenure in power.
“The district administration has revoked the permit for a political party’s rally on July 6,” the police announced in a post on X, formerly Twitter. “No rally will be allowed without a permit.”
“Legal action will be taken against those who take the law into their own hands,” it added. “Islamabad police will ensure the maintenance of law and order in the city at all costs.”
Earlier, the PTI criticized the state for “abducting” a senior member of its media team ahead of the rally in Islamabad, accusing it of focusing more on quelling dissent than dealing with the problem of militant violence.
“Rizwan Ahmad, a senior member of the PTI Media Department, has been abducted by agencies a short while ago,” Omar Ayub, a top PTI leader, said on social media. “This action by the agencies is just to silence his voice.”
“The agencies are not doing their job of countering terrorism and the latest assassination of Senator Hidayat Ullah Khan is an example, but they are busy silencing the voices of PTI that dare to speak the truth,” he added, referring to the killing of a Pakistani lawmaker in the northwestern Bajaur district in a blast that killed four others.
Only a day earlier, Amnesty International condemned such incidents against PTI workers and their family members, pointing out that they had been “forcibly disappeared since June 2024.”


Pakistan’s disaster management authority warns of flash floods amid heavy monsoon rains

Pakistan’s disaster management authority warns of flash floods amid heavy monsoon rains
Updated 05 July 2024
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Pakistan’s disaster management authority warns of flash floods amid heavy monsoon rains

Pakistan’s disaster management authority warns of flash floods amid heavy monsoon rains
  • According to an official advisory, the current spell of rains is likely to continue over the weekend
  • Urban flooding is expected in several cities, with authorities being asked to take appropriate measures

ISLAMABAD: The National Disaster Management Authority’s Emergencies Operation Center warned of flash floods in a number of Pakistani cities, including the federal capital and its adjoining areas, amid the ongoing monsoon rains that are likely to continue over the weekend.
The newly established operation center is tasked with overseeing comprehensive disaster management efforts across Pakistan, including coordinating response activities and disseminating critical information.
Monitoring and forecasting weather patterns constitute a significant component of its mandate, enabling timely warnings to ensure proactive response.
Two years ago, Pakistan suffered a great deal due to the unprecedented monsoon rains and devastating floods, which resulted in the deaths of 1,700 people and caused over $35 billion in damages to homes, agricultural lands and public infrastructure.
“NDMA’s National Emergencies Operation Center anticipated that ongoing torrential rains may cause flash floods in local [water channels]/streams of Islamabad, Rawalpindi, Sialkot, Narowal, Murree, Galliyat, Kohistan, Abbottabad, Dir, Swat, Kashmir and hill torrent of D.G Khan and Rajanpur due to present monsoon spell till 7th July,” the center said in an advisory.
“Urban Flooding is expected [in] Lahore, Sialkot, Narowal, Gujranwala, Faisalabad, Rawalpindi and Peshawar,” it added.
The advisory said that Provincial Disaster Management Authorities had been asked to monitor the situation and take appropriate measures to protect the population at risk.
“The public is advised to stay informed and follow instructions from local authorities,” it said.


Hundreds storm Pakistan power station over long outages

Hundreds storm Pakistan power station over long outages
Updated 05 July 2024
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Hundreds storm Pakistan power station over long outages

Hundreds storm Pakistan power station over long outages
  • The incident took place in Sibi in southern Balochistan where temperatures peaked at 45 degrees Celsius
  • Power outages are prolonged in Balochistan due to electricity production deficits, unpaid bills by consumers

Hundreds of people in one of Pakistan’s hottest cities stormed a power station in protest against cuts lasting up to 20 hours a day, police said Friday.

The protesters also ransacked the station’s neighboring administrative office in Thursday night’s incident in rural Sibi, in southern Balochistan province, where temperatures peaked at 45 degrees Celsius (113 degrees Fahrenheit).

“People stormed the electricity supply office and ransacked it last night and a case has been lodged against them,” police official Anayatullah Bungulzai told AFP, adding that the group numbered up to 800 people.

Planned power cuts, also known as loadshedding, happen frequently in Pakistan due to fuel shortages, varying in length in different areas.

In Balochistan, Pakistan’s largest province, power outages are prolonged due to both electricity production deficits and unpaid bills by consumers that affect entire neighborhoods.

Afzal Baloch, spokesperson for the Quetta Electricity Supply Company, told AFP the company suffers “significant” monthly losses due to outstanding payments.

However, protester Noor Ahmad said on Friday they were “compelled” to act over “the excessive loadshedding lasting for hours despite our timely payments of bills.”

Sibi is one of the hottest settled areas in Pakistan, where temperatures regularly reach 50C (122F) degrees during heatwaves.

Scientists say such conditions are becoming longer, more frequent and more intense as a result of climate change.

Balochistan is also one of Pakistan’s poorest provinces, and battles poor security, rugged terrain, an unreliable water supply and restricted employment opportunities.