PM Sharif calls for improving goods transportation at Karachi port amid Pakistan trade push

Update PM Sharif calls for improving goods transportation at Karachi port amid Pakistan trade push
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Prime Minister Shehbaz Sharif receives briefing about Hutchison Ports Pakistan Terminal at the Karachi Port in Karachi on July 7, 2024. (Photo courtesy: PMO)
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Updated 07 July 2024
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PM Sharif calls for improving goods transportation at Karachi port amid Pakistan trade push

PM Sharif calls for improving goods transportation at Karachi port amid Pakistan trade push
  • The prime minister says Central Asian states have expressed deep interest in using Pakistan’s ports for trade
  • Premier asks officials to keep Lyari Expressway open round the clock to ensure uninterrupted transportation

ISLAMABAD: Prime Minister Shehbaz Sharif has directed authorities to improve transportation of goods at the Karachi port during his visit to the southern Pakistani city, Sharif’s office said on Sunday, amid Pakistan’s push to boost trade to support its fragile economy.
The prime minister issued the directives at a meeting he presided over with regard to the Karachi Port Trust, Port Qasim Authority and Pakistan National Shipping Corporation in Karachi, where he is expected to meet the business community during the day-long visit.
Sharif said Pakistan held a key geographical position in the region and provided the most convenient sea trade route for the Central Asian states, citing his recent meetings with Russian President Vladimir Putin and Central Asian leaders in Kazakhstan.
“Central Asian states have expressed deep interest in using Pakistan’s ports for trade,” the prime minister was quoted as saying by his office. “Through modern system at ports and improved access to them, Pakistan can earn billions of dollars in foreign exchange.”
He directed authorities to keep the Lyari Expressway open for cargo round the clock to ensure uninterrupted transportation of goods to and from the Karachi Port Trust.
The Malir Expressway should be connected with the seaport to ensure swift delivery of goods, he said, adding instructing officials to enhance railways’ capacity to shift goods to the Karachi port.
“He stressed the need to ensure early installation of state-of-the-art scanning machinery at the seaports and called for steps for the capacity building of Pakistani ports to take full advantage of their potential,” Sharif’s office said.
The prime minister instructed authorities to decrease customs clearance time by installing modern equipment and machinery at the Karachi Port Trust and Port Qasim.
Pakistan aims to enhance its role as a pivotal trade and transit hub connecting Central Asian republics with the rest of the world by leveraging its strategic geographical position.
The South Asian country has invested in infrastructure projects like roads, railways and pipelines while seeking greater economic connectivity under the China-Pakistan Economic Corridor (CPEC) initiative. In April this year, Pakistan opened its trade gateway to Central Asia with first potato shipment to Tajikistan.
During his day-long visit, Sharif is expected to meet business community in Karachi — Pakistan’s largest financial and industrial hub and home to over 20 million people.
The city has a vibrant business community and several industrial sites, but its deteriorating law and order situation and poor infrastructure have frustrated traders, who have regularly sought interventions from the government to resolve some of the metropolis’ teething issues.
“He is also expected to meet a delegation of businessmen from the export and import sectors,” Sharif’s office said, adding that the premier would be briefed on increasing the country’s national income, facilities for the business community and reforms in the export and import sectors.
“Important decisions will be taken in this regard,” it added.


IMF defends $1 billion disbursement to Pakistan amid India’s objections

IMF defends $1 billion disbursement to Pakistan amid India’s objections
Updated 5 sec ago
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IMF defends $1 billion disbursement to Pakistan amid India’s objections

IMF defends $1 billion disbursement to Pakistan amid India’s objections
  • IMF communications director says the board approved funding as Pakistan had ‘met all of the targets’
  • She clarifies EFF disbursements go to the central bank and are not used to fund the national budget

KARACHI: The International Monetary Fund (IMF) this week defended its decision to release a $1 billion tranche to Pakistan, despite India’s concern over its potential misuse, by pointing out the country had met all requisite targets under the Extended Fund Facility (EFF).
India had raised objections to the IMF’s disbursement amid a military confrontation with Pakistan, saying the funds could be diverted to support activities that it described as detrimental to regional stability. New Delhi abstained from the IMF Executive Board vote on May 9, highlighting apprehensions about the timing and potential implications of the financial assistance.
During a news briefing in Washington on Thursday, IMF Communications Director Julie Kozack addressed these concerns, saying the international lender provided financing to member states for the purpose of resolving balance of payments problems.
“In the case of Pakistan … the EFF disbursements … are allocated to the reserves of the central bank,” she said. “Under the program, those resources are not part of budget financing … [and] are not transferred to the government to support the budget.”
The IMF official further emphasized the Fund’s decision was based on Pakistan meeting all the targets set under the loan program.
“Our Board found that Pakistan had indeed met all of the targets,” she continued. “It had made progress on some of the reforms, and for that reason, the Board went ahead and approved the program.”
Kozack also outlined the safeguards to prevent any potential misuse of funds, including targets on the accumulation of international reserves and a zero target for central bank lending to the government.
She also noted the program includes substantial structural conditionality aimed at improving fiscal management.
The IMF’s disbursement this month was part of a broader $7 billion support program aimed at stabilizing Pakistan’s economy. The Fund has said future disbursements will depend on Pakistan’s continued adherence to the program’s conditions and reforms.
 


PM Sharif tells business leaders private sector key to economy ahead of June 10 budget

PM Sharif tells business leaders private sector key to economy ahead of June 10 budget
Updated 54 min 9 sec ago
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PM Sharif tells business leaders private sector key to economy ahead of June 10 budget

PM Sharif tells business leaders private sector key to economy ahead of June 10 budget
  • The prime minister assures chambers of commerce representatives of his administration’s full support
  • He promises to reduce cost of doing business in the country, highlights zero tolerance for tax evasion

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday emphasized the pivotal role of the private sector in driving economic development, asserting that a robust public-private partnership was essential for the country’s emergence as a strong global economy.
Sharif made these remarks during a meeting with presidents of chambers of commerce from across the nation, coinciding with the government’s announcement to present the next federal budget on June 10.
The government has consistently stressed the need for the private sector to lead in strengthening the national economy, assuring it of state support.
Sharif reiterated this stance, highlighting the necessity of collaboration between the government and private enterprises in the country.
“There is a need to mobilize the private sector to achieve economic self-reliance,” the Prime Minister’s Office quoted him as saying during the meeting.
“Protecting the rights of the Pakistani business community and providing them with a conducive environment for profitable business are among the top priorities of the government,” he continued.
Sharif also pledged to reduce the cost of doing business in Pakistan, noting that measures were being implemented to facilitate access to loans and reduce electricity prices.
Addressing tax compliance, he emphasized a zero-tolerance policy toward tax evasion. Pakistan has historically one of the lowest tax-to-GDP ratios in the region.
The government has tried to addressed the situation by reforming its tax collection body through increased automation to improve collection and compliance.
The official statement said the delegation of business leaders commended the government’s economic policies, citing gradual improvements in the national economy and business environment.
They also presented budget proposals for the upcoming fiscal year.
Pakistan is scheduled to release a comprehensive economic survey for the outgoing fiscal year on June 9, only a day ahead of the budget preparation.


Pakistan says 25,698 pilgrims to perform Hajj under private quota in 2025

Pakistan says 25,698 pilgrims to perform Hajj under private quota in 2025
Updated 23 May 2025
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Pakistan says 25,698 pilgrims to perform Hajj under private quota in 2025

Pakistan says 25,698 pilgrims to perform Hajj under private quota in 2025
  • The annual pilgrimage is expected to take place between June 4 and June 9 this year
  • Around 55,642 Pakistani Hajj pilgrims have landed in Saudi Arabia so far via 244 flights

ISLAMABAD: Pakistan’s religious affairs minister, Sardar Muhammad Yousaf, said on Friday only 25,698 pilgrims would be able to perform Hajj this year under the private scheme, after thousands of allocated slots were revoked due to non-compliance by private operators with Saudi booking rules and deadlines.

The kingdom had granted Pakistan a total quota of 179,210 pilgrims for Hajj 2025. Typically, this national quota is evenly split between the government-run and private schemes. However, the private sector failed to meet procedural requirements set by Saudi authorities, leading to a significant cut in their share, down from 89,801 to just over 25,000, leaving more than 67,000 would-be pilgrims affected.

“25,698 people will be able to go for Hajj under the private quota,” Yousaf said while addressing a press conference.

“Up until February 14, only 3,600 pilgrims had submitted their payments, but after a one-week extension, 10,000 more applications were received, bringing the total number to 13,000.”

He highlighted that private Hajj operators had registered 904 companies with the Saudi authorities, based on a list provided by the religious affairs ministry. However, some people ignored this and made payments to unregistered Hajj operators.

Yousaf assured that a committee formed by Prime Minister Shehbaz Sharif would investigate the issue.

He said Pakistan International Airlines, Saudi Airlines, Air Sial, Airblue, and Serene Air would be transporting Pakistani pilgrims for Hajj.

Earlier in May, a ministry spokesperson issued guidelines for Hajj pilgrims, including verifying the authenticity and quota approval of private tour operators before making payments, visiting the ministry’s official website to confirm registration and avoiding reliance on unverified advertisements or information.

The ministry strongly urged all prospective pilgrims to exercise utmost caution when booking Hajj packages through private tour operators.

Some registered private organizations also failed to pay dues within the timeline set by Saudi authorities, prompting Sharif to intervene and request an extension of the deadline, which was approved.

This year’s annual pilgrimage is expected between June 4 and June 9, with nearly 89,000 Pakistanis traveling to Saudi Arabia under the government scheme.

Pakistan launched its Hajj flight operation on April 29.

Around 55,642 Pakistani Hajj pilgrims have landed in Saudi Arabia so far via 244 flights.


Karachi hospital reports four COVID-19 deaths amid surprise summer surge

Karachi hospital reports four COVID-19 deaths amid surprise summer surge
Updated 23 May 2025
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Karachi hospital reports four COVID-19 deaths amid surprise summer surge

Karachi hospital reports four COVID-19 deaths amid surprise summer surge
  • A senior physician says all those who succumbed to the disease in the past fortnight were elderly individuals
  • Health experts say the recent surge in coronavirus cases during the summer months is an unusual trend

KARACHI: At least four people with underlying health conditions have died of COVID-19 at a major Karachi hospital in the past two weeks, as experts report an unusual spike in infections during the city’s peak summer season.

All four fatalities occurred at the Aga Khan University Hospital (AKUH), where doctors say they are seeing a steady increase in admissions linked to the coronavirus— a trend they describe as “unexpected” at this time of year.

“In the past two to three weeks, we have seen a significant increase in COVID cases,” Prof. Dr. Syed Faisal Mahmood, a professor of infectious diseases at AKUH, told Arab News, confirming the death of four people during the past two weeks.

The surge, he said, was happening in late spring with temperatures exceeding 40 degrees Celsius.

COVID-19, caused by the SARS-CoV-2 virus, is a highly contagious respiratory illness that was first detected in late 2019 and declared a global pandemic within months. While the virus typically spreads more easily in colder months due to increased indoor activity and lower humidity, experts say its spread during summer in Karachi is a rare deviation from past seasonal patterns.

Mahmood said most infected individuals have been coming to the hospital with mild symptoms, such as sore throat, cough, body aches, and fever, but the virus remains dangerous for older adults and those with weakened immune systems.

“Like in previous years, this year the severe cases of COVID are mostly being seen in people who are older, especially those above 65, or those with weak immune systems,” he said.

“Among these COVID cases, there are some patients who have been hospitalized, and there have also been some deaths,” he added.

Mahmood added that while routine testing is no longer required for everyone with symptoms, caution is essential.

“If you suspect that you have COVID or any other cold or cough-related infection, it is better that you wear a mask,” he advised. “We recommend wearing a mask for at least five to ten days so that others do not get infected.”

The infectious diseases expert also urged caution for those in close contact with the elderly.

“If you are caring for someone who is elderly, then please do not visit them if you are feeling unwell, or at least wear a mask,” he said. “Please take care of yourself, and we hope that there will not be a major further increase in COVID cases.”


Pakistan extends airspace ban on Indian aircraft until June 24 amid ongoing tensions

Pakistan extends airspace ban on Indian aircraft until June 24 amid ongoing tensions
Updated 23 May 2025
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Pakistan extends airspace ban on Indian aircraft until June 24 amid ongoing tensions

Pakistan extends airspace ban on Indian aircraft until June 24 amid ongoing tensions
  • The restriction was originally imposed on April 24 after an attack in Kashmir killed 26 tourists
  • The airspace closure impacted Indian airlines, particularly on long-haul international routes

ISLAMABAD: Pakistan has extended its ban on Indian aircraft using its airspace until June 24, the Pakistan Airports Authority (PAA) announced on Friday, amid continued bilateral tensions following recent military clashes this month.

The restriction was first imposed on April 24, only two days after an attack in Indian-administered Kashmir that killed 26 people. India blamed Pakistan for the attack despite Islamabad’s denials. The administration in New Delhi also downgraded bilateral diplomatic ties and took other steps like suspending visas for Pakistanis and shutting border crossings.

In response, Pakistan took its own measures, including the closure of its airspace to Indian aircraft, including commercial and military flights.

“The ban on Indian aircraft flying through Pakistani airspace has been extended until 4:59 AM on June 24, 2025,” the PAA said.

“All aircraft that are Indian-registered, operated, owned or leased will remain subject to the ban,” it added.

The airspace closure has significantly impacted Indian airlines, particularly on long-haul international routes.

Air India, which operates numerous flights to Europe and North America, has been forced to reroute flights, leading to increased fuel consumption, longer flight times, and additional operational costs.

The airline estimates that the ban could result in approximately $600 million in additional expenses over a year and has sought compensation from the Indian government.

Despite a ceasefire agreement announced on May 10, which has held according to Pakistani Deputy Prime Minister Ishaq Dar, the extension of the airspace ban indicates ongoing diplomatic strains.

The situation was further exacerbated by a recent school bus bombing in Pakistan that killed four children, an incident Islamabad has blamed on New Delhi. However, the Indian authorities have denied the charge.