Pakistani military court sentences 60 civilians to jail terms between 2-10 years

 Pakistani military court sentences 60 civilians to jail terms between 2-10 years
In this file photo, taken on May 9, 2023, supporters of former Pakistan Prime Minister Imran gather in front of the main entrance of General Headquarters, Pakistan’s army headquarter, during a protest against the arrest of their leader, in Rawalpindi. (AFP/File)
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Updated 26 December 2024
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Pakistani military court sentences 60 civilians to jail terms between 2-10 years

 Pakistani military court sentences 60 civilians to jail terms between 2-10 years
  • Military sentenced 25 civilians to prison time ranging from two to 10 years on Dec. 21
  • Khan supporters charged with attacking military installations during protests on May 9, 2023

KARACHI: A Pakistani military court has sentenced 60 civilians to jail time ranging from 2 to 10 years in connection with riots in which supporters of jailed ex-premier Imran Khan were accused of attacking army facilities, the military said on Thursday.
The announcement comes days after the military said it had sentenced 25 people to prison for participating in violent protests on May 9, 2023, when hundreds of alleged Khan supporters stormed military and government installations and even torched a top commander’s house. The riots followed the former premier’s brief arrest by paramilitary soldiers in a land bribe case that day.
The military initiated army court trials of at least 103 people accused of involvement in the violence and there have been widespread reports it also plans to prosecute Khan under the Pakistan Army Act on charges of treason and attempting to incite a mutiny in the military.
A list of the 60 convicts announced on Thursday included two retired military officers, Brig. (retired) Javed Akram and Captain (retired) Viqas Ahmed Mohsin, and Khan’s nephew Hassan Khan Niazi.
“The trial of 9th May accused under military custody has hereby been concluded under the relevant laws,” the Inter-Services Public Relations, the military’s media wing, said. “All convicts retain the right to appeal and other legal recourses, as guaranteed by the Constitution and law.”
The military said the government and army remained steadfast in “their commitment to upholding justice and ensuring that the inviolable writ of the state is maintained.”
The federal government’s spokesman Attaullah Tarar said the verdicts showed that “rule of law has prevailed.”

Khan’s Pakistan Tehreek-e-Insaf party also reacted to the development, saying the Dec. 21 verdicts by military courts against 25 civilians had been met by concern by the US, UK and the EU. 
“Despite concerns shown by the US State Department, UK Government and European Union, they went ahead with convicting more civilians, in violation of almost the entire operative part of International Covenant on Civil & Political Rights to which Pakistan is a party,” the party said in a statement. 
The verdicts come as the Pakistani federal government this week opened talks with the PTI in a bid to bring down political temperatures. 
Pakistan has remained gripped by political unrest and uncertainty since Khan’s ouster from power through a parliamentary no-confidence vote in April 2022. He blames his removal from the PM’s office on his political rivals led by Prime Minister Shehbaz Sharif and the all-powerful military. Both reject the charge. 
Though Khan was released days after his brief arrest on May 9 last year, he was rearrested in August and has since been in jail in a slew of cases he says are politically motivated.


Pakistani fintech operator partners with UAE group to provide financial solutions in Emirates

Pakistani fintech operator partners with UAE group to provide financial solutions in Emirates
Updated 15 sec ago
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Pakistani fintech operator partners with UAE group to provide financial solutions in Emirates

Pakistani fintech operator partners with UAE group to provide financial solutions in Emirates
  • Partnership to help customers in United Arab Emirates access earned wages prior to scheduled payroll date
  • Move “significant step” in providing flexible financial solutions to unbanked individuals, says Pakistani fintech 

KARACHI: An emerging fintech operator in the Middle East and Pakistan, Abhi, announced on Monday it has partnered with UAE’s Al Ansari Financial Services to provide financial solutions to banked and unbanked communities in the UAE. 

Abhi is a Pakistani fintech company that provides employers an opportunity to withdraw their earned salary any day through its Earned Wage Access (EWA) facility and other products. Founded in 2021, Abhi has been serving customers in Pakistan, UAE and Bangladesh through its credit-bridging products. 

Al Ansari Financial Services is a UAE-based financial services ecosystem that enables the mobility of money locally and globally. For almost 60 years, the group says it has enabled tourists, residents and businesses to transfer and exchange money and conduct payments effectively.

“In a move set to reshape the financial landscape, Al Ansari Financial Services one of the leading integrated financial services groups in the UAE announces its strategic partnership with Abhi Middle East Limited, the region’s largest embedded finance platform backed by Hub71 and Abu Dhabi Investment Office (ADIO), to broaden the spectrum of financial solutions available to consumers, ensuring a seamless service experience across the board,” Abhi said in a statement. 

The alliance will provide EWA and Send Now, Pay Later (SNPL) services to complement Al Ansari Financial Services’ existing portfolio from the second quarter of this year, Abhi said. The alliance will help address the varied needs of both unbanked and underbanked communities in the UAE, it added. 

The statement said that the solutions would be gradually introduced across multiple platforms to ensure easy and convenient access for customers, allowing for a smooth integration and enhanced user experience of the financial services.

“Abhi, a pioneer in earned wage access and technology-driven financial solutions, will be providing a technology platform and operational framework that will enable Al Ansari Financial Services’ customers to access their earned wages prior to the scheduled payroll date, in addition to allowing the unbanked and underbanked customers to remit funds internationally instantly while deferring payment,” Abhi said. 

It said Al Ansari will identify eligible customers for both services. 

“This partnership aligns with our ongoing mission to enhance financial accessibility and provide flexible solutions that cater to diverse financial needs,” Mohammad Bitar, group deputy CEO of Al Ansari Financial Services, said in a statement. 

Omair Ansari, co-founder and CEO of Abhi Middle East Limited, said the partnership is a “significant step” in providing unbanked individuals with flexible financial solutions. 

“Through the introduction of Earned Wage Access and Send Now, Pay Later in the UAE, we aim to address real-world financial challenges, offering tools that empower individuals to take control of their finances,” Ansari said. 


Pakistan preparing to debut yuan-denominated bonds this year, finance minister says

Pakistan preparing to debut yuan-denominated bonds this year, finance minister says
Updated 43 min 32 sec ago
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Pakistan preparing to debut yuan-denominated bonds this year, finance minister says

Pakistan preparing to debut yuan-denominated bonds this year, finance minister says
  • Pakistan planning to raise $200 million to $250 million from Chinese investors over next six to nine months
  • Government is optimistic it will meet the terms for an ongoing $7 billion IMF loan, finance minister says

ISLAMABAD: Pakistan is preparing to debut yuan-denominated bonds this year to shore up finances, Finance Minister Muhammad Aurangzeb told Bloomberg in an interview Monday, saying his government remained optimistic it would meet the terms of an International Monetary Fund bailout program.

The South Asian nation is planning to raise up to $250 million from Chinese investors over the next six to nine months, Aurangzeb said of the plan that comes as Pakistan’s sovereign rating has been upgraded recently by all three credit agencies. Aurangzeb said he expected further upgrades, and the challenge was to get into a “single-B” category, which would allow the country to return to global bond markets to raise funds.

“The country is very keen to tap the Panda bonds and the Chinese capital markets,” Aurangzeb said on the sidelines of the Asian Financial Forum in Hong Kong. “We have been remiss as a country not to tap it previously.”

The latest figure is slightly lower than the $300 million the finance minister was targeting in a March 2024 interview. China International Capital Corporation is advising Pakistan on the issuance of Panda bonds, Aurangzeb said.

Pakistan has enjoyed some stability from two years ago when an IMF bailout deal was in limbo and inflation and interest rates were above 20 percent. The government is optimistic it will meet the terms for an ongoing $7 billion loan, the finance minister said. 

The IMF, which is scheduled to visit Pakistan next month, wants Pakistan to broaden its tax base and reach a tax-to-GDP ratio of 13.5 percent, from 10 percent in December, Aurangzeb said.

“We are well on our way to achieve that target, not only because the IMF is saying that but because from my perspective the country needs to get into that benchmark to make our fiscal situation sustainable,” he said.

After Pakistan clinched the IMF bailout last year, it has been getting some reprieve, including from cooling inflation that provides space for policymakers to cut borrowing costs further and help prop up a nation that remains hammered by structural weaknesses. Stronger remittances, a bright spot, have also helped shore up currency reserves.

The rupee, as a result, rose about 2 percent in 2024, among best performers in emerging markets. The benchmark stock index outperformed nearly all other equities markets last year.

Pakistan still remains in a tough spot.

The government has to increase taxes to secure a fresh $1 billion loan tranche from the IMF or miss the lender’s tax revenue requirement for fiscal year ending June 2025 which could put the bailout at risk, Bloomberg Economics’ Ankur Shukla said in a note on Jan. 8.

Having gone through 25 loan programs over half a century, Pakistan must institute durable reforms in key areas of the energy sector, tax collection and state-owned enterprises to end a cycle of indebtedness, Aurangzeb told an IMF forum in October.

On Monday, Aurangzeb said the nation’s gross domestic product would probably expand 3.5 percent in the fiscal year ending June. Pakistan had set a 3.6 percent economic growth target after a 2.5 percent expansion the prior financial year.

The State Bank of Pakistan, which has cut the benchmark rate to the lowest in more than two years, is scheduled to announce its decision on Jan. 27 while inflation is expected to stabilize within the target range of 5 percent–7 percent in the next 12 months.

“We are into that phase of stabilization,” Aurangzeb said. “Now where do we go from here? We have to focus on sustainable growth. We are now very focused on fundamentally changing the DNA of the economy to make it export-led.”


Pakistan, UAE logistics firm finalize freight corridor project

Pakistan, UAE logistics firm finalize freight corridor project
Updated 13 January 2025
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Pakistan, UAE logistics firm finalize freight corridor project

Pakistan, UAE logistics firm finalize freight corridor project
  • Project will run 50 km from Karachi Port in Pakistan’s most populous city to the Pipri marshalling yard
  • Aim is to decongest Karachi, improve road safety, increase efficiency, reduce transport times and costs

ISLAMABAD: Pakistani officials and Dubai-based logistics giant DP World have finalized terms for a freight corridor project from Karachi Port to the Pipri Marshalling yard in southern Pakistan, state media reported on Monday.

The Karachi Freight Corridor is an infrastructure project in Pakistan aimed at improving the movement of freight from the port city of Karachi, Pakistan’s largest, to various parts of the country. The project involves the construction of a dedicated double-track corridor and other related facilities that will run 50 km from Karachi port to the Pipri Marshalling yard.

“A high-level delegation of Dubai-based logistics firm DP World led by Sultan Ahmed Bin Sulayem visited Pakistan through the SIFC [Special Investment Facilitation Council] platform to finalize various commercial aspects of the freight corridor project from Karachi Port to Pipri,” state news channel PTV said. 

“A mutually agreed-upon term sheet was signed between DP World and the relevant parties for the project’s implementation.

“This project will reduce the movement of freight vehicles in the Karachi metropolis through improved railway Infrastructure, aimed at advancing freight services within the country in a highly efficient and cost-effective manner.”

Pakistan and the UAE last year signed two inter-governmental framework agreements to establish a dedicated rail freight corridor and economic zone near Karachi. 

The agreements cover plans for over $3 billion investments in railways, economic zones and infrastructure. DP World will act on behalf of Dubai, while the Pakistan Railways and Port Qasim Authority will act on behalf of Pakistan.

The aim is to decongest Karachi, improve road safety, increase efficiency and reduce transport times and costs.

A second framework agreement covers dredging of the navigation channel and the development of an economic zone at Port Qasim.

Pakistan sees the signing of the investment framework agreements as a step toward the South Asian nation becoming a gateway to Asia and reaping the commercial dividends associated with its strategic location.

Last month, Pakistan’s National Logistics Corporation (NLC) and DP World said they would begin a shipping service between Karachi and Dubai from January. 


Pakistan and Saudi Arabia sign Hajj 2025 agreement in Jeddah 

Pakistan and Saudi Arabia sign Hajj 2025 agreement in Jeddah 
Updated 13 January 2025
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Pakistan and Saudi Arabia sign Hajj 2025 agreement in Jeddah 

Pakistan and Saudi Arabia sign Hajj 2025 agreement in Jeddah 
  • As per agreement, 179,210 Pakistanis will perform Hajj pilgrimage this year
  • Pakistan’s religion minister is in Kingdom to attend four-day Hajj conference

ISLAMABAD: Pakistan and Saudi Arabia have signed the Hajj agreement 2025, the spokesperson of Pakistan’s religion ministry said on Monday, according to which 179,210 pilgrims from the South Asian country would be able to perform the annual pilgrimage this year.

The agreement was signed by Pakistan’s Religious Affairs Minister Chaudhry Salik Hussain and Saudi Minister of Hajj and Umra Dr. Tawfiq bin Fawzan Al-Rabi’ah in Jeddah. Hussain arrived in the Kingdom on Sunday for a three-day visit to attend the Global Hajj and Umrah Conference and Expo in Jeddah. 

“As per the agreement, 179,210 Pakistanis will perform the Hajj this year,” the religious affairs ministry’s spokesperson said, according to Pakistan’s Press Information Department (PID). “It has been agreed to provide Pakistani Hajj pilgrims the best possible facilities.”

The spokesperson said Pakistani Hajj pilgrims will be provided a special place in Mina where the rates will be low, the spokesperson said. 

“A shortened Hajj program of 20 to 25 days has been introduced to make the Hajj journey more accessible, easy and comfortable,” he said, adding that pilgrims will have the option to spend four to eight days in Madinah during the Hajj. 

He said every Pakistani pilgrim will receive a specially designed bag containing the Pakistani flag, QR code for identification and information relevant to the Hajj. 

The spokesperson said Hussain will participate in the four-day Hajj conference, adding that more agreements will also be signed with institutions and companies responsible for providing facilities to pilgrims. 

Pakistan’s quota of 179,210 Hajj pilgrims for Pakistan in 2025 will be divided equally between government and private schemes.

For the first time, Pakistan’s Hajj policy allowed pilgrims last year to make payments in installments. Under this scheme, the first installment of Rs 200,000 ($717) had to be submitted with the application, the second installment of Rs 400,000 ($1,435) within 10 days of balloting and the remaining amount by Feb. 10 this year.

The Pakistani religious affairs ministry has also launched the Pak Hajj 2025 mobile application, available for both Android and iPhone users, to guide pilgrims. Additionally, the government announced a reduction in airfare, lowering ticket prices for federal program pilgrims to Rs 220,000 [$785.41], down from last year’s Rs 234,000 [$835.39].

Pakistan International Airlines, Saudi Airlines, and private carriers have agreed to transport pilgrims this year.


Rescuers in Pakistan recover bodies of 11 workers killed in coal mine blast

Rescuers in Pakistan recover bodies of 11 workers killed in coal mine blast
Updated 13 January 2025
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Rescuers in Pakistan recover bodies of 11 workers killed in coal mine blast

Rescuers in Pakistan recover bodies of 11 workers killed in coal mine blast
  • Miners died last week after a methane gas explosion caused a coal mine to collapse in Balochistan province
  • Safety standards are commonly ignored in coal mining industry in Pakistan, leading to accidents and explosions 

ISLAMABAD: Rescuers recovered the bodies of 11 coal miners who died last week after a methane gas explosion caused a coal mine to collapse in southwestern Pakistan, officials said Monday.

An operation is still underway to find a 12th worker who has been missing since Thursday when the mine collapsed in Singidi city in Balochistan province, said Abdul Ghani, a mines inspector.

Two more coal miners were killed on Sunday when another mine collapsed in Harnai, a district in Balochistan, he said.

Safety standards are commonly ignored in the coal mining industry in Pakistan, leading to accidents and explosions that kill dozens of mine workers every year. Miners often complain that owners fail to install safety equipment.

Last week, Pakistani security forces also rescued at least eight of 16 mine workers who had been kidnapped by local militants in the restive northwest, and an operation is still underway to rescue the remaining miners.