First Pakistani elected to IMF-World Bank parliamentary board vows to highlight country’s economic woes

First Pakistani elected to IMF-World Bank parliamentary board vows to highlight country’s economic woes
In this photo, posted on February 27, 2024 on Faisal Saleem Rahman’s Facebook profile, Senator Faisal Saleem speaks at the Senate of Pakistan, upper house of Pakistan’s parliament, in Islamabad. (Photo courtesy: Facebook/faisalrahmanpti)
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Updated 09 March 2024
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First Pakistani elected to IMF-World Bank parliamentary board vows to highlight country’s economic woes

First Pakistani elected to IMF-World Bank parliamentary board vows to highlight country’s economic woes
  • Senator Faisal Saleem, who was elected this week for a period of three years, calls it an ‘honor’ for Pakistan
  • The parliamentarian says will work closely with the Pakistani government to highlight the challenges facing the country

ISLAMABAD: Faisal Saleem, first Pakistani senator elected to the International Monetary Fund-World Bank Parliamentary Network board, on Saturday said he would highlight Pakistan’s economic challenges and try to engage global financial institutions to help overcome these woes during his tenure.
The IMF-World Bank Parliamentary Network provides a platform for parliamentarians from over 140 countries to advocate for increased accountability and transparency in international financial institutions and multilateral development financing. Founded in 2000, the network seeks to engage lawmakers from around the globe in the common mission of addressing good governance and poverty challenges both at home and abroad.
Directed by a 12-member board elected by their peers, the Parliamentary Network is an independent non-governmental organization with a secretariat in Paris. The organization is open to all elected parliamentarians from World Bank member states, who hold a current mandate. Its members represent themselves and their constituents, and not their countries, parliaments or governments, according to the Network.
“My election to the Parliamentary Network’s board is an honor for Pakistan and I am the only member from Asia on the board [at present],” Senator Saleem told Arab News, adding that he was nominated by the Pakistan parliament and was elected this week as a member of the IMF-World Bank Parliamentary Network board by parliamentarians of other countries.
“My mission is to highlight and debate Pakistan’s economic challenges through the forum and try my best to steer the country out of the crisis. I’ll be there with a one-point agenda and that is to work for the betterment of my country.”
Senator Saleem, an industrialist hailing from Pakistan’s northwestern Mardan district, became a member of the upper house of Pakistan’s parliament in March 2021 on the ticket of jailed former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party.
He said he was elected to the IMF-World Bank Parliamentary Network board for a period of three years, adding that half of the board members retire every three years and new members are elected in their place. “I have become the first Pakistani parliamentarian in the country’s history to be elected to the coveted position,” Senator Saleem added.
As a board member, he said, he would be discussing with his peers the loan programs, development projects and different initiatives to improve governance and overcome poverty in Pakistan. “I’ll be trying to initiate favorable recommendations to international financial institutions for Pakistan during my tenure,” the senator said.
Economically troubled Pakistan came to the brink of a sovereign default in June last year, but averted it by securing a $3 billion stand-by arrangement (SBA) from the IMF, which expires next month.
The country urgently needs a fresh IMF agreement to shore up its struggling $350 billion economy, which is suffering from high inflation, low reserves and mounting external financing needs.
Senator Saleem, however, clarified the IMF-World Bank Parliamentary Network had no direct role in loan disbursements or development projects funded by the IMF or the World Bank.
“I’ll be working closely with the government in Pakistan to give my productive inputs at the forum,” he said. “My first priority will be inviting all the board members for an official meeting to Pakistan to highlight a positive image of the country.”


Pakistan security forces kill three burqa-clad militants in northwest – military

Pakistan security forces kill three burqa-clad militants in northwest – military
Updated 07 February 2025
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Pakistan security forces kill three burqa-clad militants in northwest – military

Pakistan security forces kill three burqa-clad militants in northwest – military
  • Incident occurred in North Waziristan where the forces launched an intelligence-based operation
  • Pakistani soldiers engaged a militant hideout, forcing those present inside to escape wearing burqas

ISLAMABAD: Pakistan’s security forces killed three militants disguised in burqas during an operation in the country’s northwest, the military’s media wing, Inter-Services Public Relations (ISPR), said on Friday.
The intelligence-based operation was carried out in Datta Khel, North Waziristan, a district bordering Afghanistan that was once a hub of militancy before Pakistan launched military operations to reclaim the region from armed groups.
North Waziristan, along with the rest of Khyber Pakhtunkhwa province, has witnessed a surge in militant violence since a fragile ceasefire agreement collapsed between the government and the banned Tehreek-e-Taliban Pakistan (TTP) in late 2022.
Pakistan brands TTP fighters as “khwarij,” a historical reference to a radical sect in early Islam known for rebelling against legitimate authority, declaring other Muslims as apostates and justifying their killing.

This handout photo, taken and released by Pakistan’s Inter-Services Public Relations (ISPR) on February 7, 2025, shows one of three burqa-clad militants killed during an operation in Khyber Pakhtunkhwa province. (Handout/ISPR)

“On the night of February 6-7, 2025, security forces conducted an intelligence-based operation in Datta Khel, North Waziristan District, on reported presence of khwarij,” the ISPR said.
“During the operation, own troops effectively engaged the khwarij location, as a result of which three khwarij were sent to hell, who were trying to escape wearing women’s attire (burqa),” it added.
The ISPR said weapons and ammunition were recovered from the slain militants, whom the military said were actively involved in multiple violent activities in the region.
It added a sanitization operation was ongoing to eliminate any remaining militants in the area, reiterating that Pakistan’s security forces remain committed to eradicating militancy from the country.


PM Sharif urges ‘grants-based’ climate financing for developing nations like Pakistan

PM Sharif urges ‘grants-based’ climate financing for developing nations like Pakistan
Updated 07 February 2025
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PM Sharif urges ‘grants-based’ climate financing for developing nations like Pakistan

PM Sharif urges ‘grants-based’ climate financing for developing nations like Pakistan
  • Shehbaz Sharif says climate adaption and green transformation is not possible with global support
  • He points at the ‘cruel paradox’ of Pakistan suffering despite accounting for 1 percent of global emissions

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday called for “more flexible and grants-based” financial assistance to help developing countries like Pakistan build climate resilience in a message to a gathering focusing on the issue.
Sharif’s video message was played at the Breathe Pakistan International Climate Change Conference, a two-day event hosted by Dawn Media Group in Islamabad. The event brought together nearly 100 global experts to address critical climate issues, aiming to foster collaboration and develop actionable solutions for a sustainable future.
In recent years, Pakistan has experienced erratic environmental patterns attributed to climate change, including extreme weather events such as droughts, heatwaves and floods. These events have led to loss of life, infrastructure damage and food security concerns.
“Pakistan’s climate story embodies a cruel paradox of our times,” Sharif told the gathering. “Our emissions are less than 1 percent, yet we are one of the most climate-affected countries with an unprecedented cycle of climate-induced floods, rapid glacial meltdown, blistering heat waves and soil-cracking droughts.”
“Developing countries like Pakistan need more predictable, flexible and grant-based financial support to build resilient infrastructure and invest in sustainable development,” he continued while reflecting on the nature of international support.
Sharif recalled that two years ago, one-third of Pakistan was submerged in floodwaters, displacing 33 million people and claiming 1,700 lives, transforming climate change from a distant threat to an urgent call to action.
He noted that without global empathy and support, “the path to climate adaptation and green transformation will remain elusive.”
“Therefore, let us make Breathe Pakistan a resounding call to action to ensure a cleaner, greener and more resilient Pakistan for generations to come,” he added.


Pakistan PM inaugurates renovated Gaddafi Stadium, hopes for Champions Trophy victory

Pakistan PM inaugurates renovated Gaddafi Stadium, hopes for Champions Trophy victory
Updated 07 February 2025
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Pakistan PM inaugurates renovated Gaddafi Stadium, hopes for Champions Trophy victory

Pakistan PM inaugurates renovated Gaddafi Stadium, hopes for Champions Trophy victory
  • Sharif praises the national team for playing good cricket in recent month and winning people’s hearts
  • He says the nation is praying for players and await the time of their ‘decisive victory’ over India in Dubai

ISLAMABAD: Prime Minister Shehbaz Sharif inaugurated the newly renovated Gaddafi Stadium in Lahore on Friday ahead of the International Cricket Council’s (ICC) Champions Trophy 2025, expressing hope for the national team’s victory in the tournament.
The Pakistan Cricket Board (PCB) has renovated major cricket venues in Lahore, Karachi and Rawalpindi for the first ICC event hosted in Pakistan since the 1996 World Cup.
The PCB said a day earlier that Gaddafi Stadium had been transformed into a world-class facility, now featuring over 34,000 seats, new digital scoreboards and state-of-the-art floodlights to ensure clear visibility for players and spectators during night matches.

National cricket team reveals Pakistan’s Champions Trophy jersey during the inauguration ceremony of renovated Gaddafi Stadium in Lahore on February 7, 2025, ahead of ICC Champions Trophy 2025. (Photo courtesy: PCB/Handout)

Speaking at the inauguration ceremony, Sharif praised the national team for playing good cricket in recent months, saying Pakistani players had won “the hearts of the entire nation.”
“Championship Trophy is looking forward to your victory,” Sharif said, addressing the players present at the gathering. “We are all praying for you and will wait for the time when you will score a decisive victory against India.”

Prime Minister Shehbaz Sharif meets the Pakistan Cricket Team players at the inauguration of the renovated Gaddafi Stadium in Lahore on February 7, 2025. (Handout/PMO)

The prime minister specifically acknowledged star players, skipper Muhammad Rizwan, batting ace Babar Azam and leading pacer Shaheen Shah Afridi, saying the nation had tremendous expectations from them.

Fireworks underway as Pakistan Prime Minister Shehbaz Sharif inaugurates renovated Gaddafi Stadium in Lahore on February 7, 2025, ahead of ICC Champions Trophy 2025. (Photo courtesy: PCB/Handout)

Sharif also congratulated PCB Chairman Mohsin Naqvi for overseeing the stadium’s transformation within just 117 days, adding the Punjab provincial administration would ensure foolproof security for the matches played at the venue.
He highlighted that Pakistan was hosting a major ICC event after 29 years and expressed his desire to watch the India-Pakistan match in Dubai, referencing the hybrid model of the tournament after India’s cricket board refused to play in Pakistan, citing “security concerns.”

Pakistani crowd attends the inauguration ceremony of renovated Gaddafi Stadium in Lahore on February 7, 2025, ahead of ICC Champions Trophy 2025. (Photo courtesy: PCB/Handout)

The ICC Champions Trophy 2025 will be held from February 19 to March 9.
The stadium’s inauguration ceremony, attended by high-profile politicians and government officials, was followed by a fireworks display, light show and live music performances.

Pakistani artists perform during the inauguration ceremony of renovated Gaddafi Stadium in Lahore on February 7, 2025, ahead of ICC Champions Trophy 2025. (Photo courtesy: PCB/Handout)

 


Oman eyes Pakistan’s indigenous defense production, deeper air force ties

Oman eyes Pakistan’s indigenous defense production, deeper air force ties
Updated 07 February 2025
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Oman eyes Pakistan’s indigenous defense production, deeper air force ties

Oman eyes Pakistan’s indigenous defense production, deeper air force ties
  • Both countries have history of defense cooperation, including military exercises and procurement
  • Oman’s officials expressed interest in closer defense collaboration during Pakistani air chief’s visit

ISLAMABAD: Oman has expressed interest in expanding collaboration with the Pakistan Air Force and exploring Pakistan’s indigenous defense production capabilities, according to a statement by the military media wing, Inter-Services Public Relations (ISPR), on Friday.
The announcement follows Air Chief Marshal Zaheer Ahmed Baber Sidhu’s visit to the Arab country, where he engaged in discussions with civil and military leaders. The air chief was received with full military honors, underscoring the importance of the visit in enhancing bilateral relations.
Sidhu highlighted that both countries had consistently supported each other in challenging times, and the Pakistan Air Force was committed to providing training and support for the Royal Air Force of Oman, from basic to tactical-level training.
“During the meetings, the leadership of the Sultanate of Oman showed keen interest in the National Aerospace Science & Technology Park and expressed a strong desire for enhanced industrial and technological collaboration,” the statement said, referring to a high-tech facility established by Pakistan to promote indigenous defense production, aerospace research and technological innovation.
“The leadership of the Sultanate of Oman expressed a deep desire to expand the existing Air Force-to-Air Force collaboration, underscoring the importance of joint bilateral and multilateral aerial exercises, exchange visits and knowledge-sharing platforms,” it added.
Pakistan and Oman have a history of defense cooperation, including joint military exercises and defense procurement. In October 2020, both nations signed a memorandum of understanding (MoU) to strengthen military ties through knowledge exchange and expertise-sharing.
Diplomatically, the two countries share close relations based on mutual cooperation and cultural ties. Oman has an embassy in Islamabad and a Consulate-General in Karachi, while Pakistan maintains an embassy in Muscat.
The ISPR statement informed the Omani officials acknowledged the participation of a Royal Air Force of Oman contingent as observers in Exercise Indus Shield-2024, expressing appreciation for the multi-domain airpower strategies demonstrated, particularly the integration of disruptive technologies in space, cyber and electronic warfare.


Pakistan’s LNG deal with Qatar open to renegotiation next year

Pakistan’s LNG deal with Qatar open to renegotiation next year
Updated 07 February 2025
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Pakistan’s LNG deal with Qatar open to renegotiation next year

Pakistan’s LNG deal with Qatar open to renegotiation next year
  • Country’s petroleum minister previously described the deal as ‘costly,’ expressing interest in revisiting it
  • He says no renegotiation decision has been made, though Pakistan has a whole year to figure out options

KARACHI: Pakistan’s liquefied natural gas (LNG) pact with Qatar allows for either party to initiate renegotiation talks next year but no decision has been taken on whether to do this, Pakistan's petroleum minister told Reuters on Friday.
Musadik Malik was clarifying comments made to a parliamentary committee on energy, as reported in local newspaper The News, which had quoted him as saying: “The Qatar agreement is costly, and we will negotiate better terms next year.”
Malik told Reuters he had been laying out details of the various contracts Pakistan has for LNG. “One provision was price renegotiation could take place at the 10th year of the Qatar LNG deal,” he said, adding that Pakistan has a whole year to “figure out its options.”
Pakistan’s biggest LNG agreement was signed in 2016 between Pakistan State Oil and Qatar's Qatargas-2, the world’s largest producer, for up to 3.75 million tons of LNG a year for 15 years, although a cancellation option can shorten the deal to 11 years if the parties fail to agree a new price.
An economic crisis has slashed power use in Pakistan, which gets more than a third of its electricity from natural gas, saddling it with excess capacity it still needs to pay for under decade-old contracts with independent power producers.
Citing a surplus of LNG, Malik said in December that Pakistan had deferred five contracted cargoes under the Qatar deal for a year and would now receive them in 2026 instead of 2025, with no financial penalty.
He added that Pakistan was also negotiating to defer five more cargoes from other unnamed sellers.