UN urges more water cooperation to build peace

UN urges more water cooperation to build peace
In this file photo, taken on August 28, 2022, a resident from the nearby neighbourhood looks on the water level scale of river Indus in flood hit Sukkur of Sindh province. (AFP/File)
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Updated 22 March 2024
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UN urges more water cooperation to build peace

UN urges more water cooperation to build peace
  • A total of 153 countries around the world share water resources, but only 24 of those have signed onto various agreements
  • Nuclear-armed South Asian neighbors India and Pakistan for instance have a cooperation agreement on use of the Indus river

GENEVA: Cooperation across borders on shared water resources can help avert conflicts and build peace, the United Nations said Friday, urging all countries to join its Water Convention.
The UN stressed that with climate change and rising water scarcity worldwide, cross-border water cooperation was increasingly crucial for regional stability and conflict prevention.
"Water and peace are very closely inter-related," Sonja Koeppel, Secretary of the UN Water Convention, told AFP.
She pointed out that more than 60 percent of all freshwater resources are shared by two or more countries, including major rivers like the Rhine and the Danube in Europe, the Mekong in Asia, the Nile in Africa and the Amazon in Latin America.
"Cooperating over those waters is crucial for peace, for development for climate action," she said.
Water is such a vital resource, she said, that it has the power to bring countries in conflict to the table, opening the door to cooperation in other areas as well.
India and Pakistan for instance have a cooperation agreement on use of the Indus river.
And an agreement reached by Senegal, Mauritania, Guinea and The Gambia in the 1970s over the Senegal Basin has enabled them jointly to finance and build infrastructure that distributes water to all four countries.
Even when political tensions reign between the countries, Koeppel said, "this cooperation has continued to exist".
A total of 153 countries around the world share water resources, but only 24 of those have signed onto various cooperation agreements covering all of their shared water, UN chief Antonio Guterres pointed out in a statement marking World Water Day on Friday.
"We must accelerate efforts to work together across borders, and I urge all countries to join and implement the United Nations Water Convention," he said.
"Action for water is action for peace."
The convention was established in 1992 to help foster responsible joint management of water resources in the European region, but opened up in 2016 to countries around the world.
Currently it counts 52 state parties, mainly in Europe, Asia and Africa.
Koeppel said the convention was a vital tool to instigate more cross-border water cooperation, but also to help countries to navigate complex situations and resolve disputes.
"It is complicated for countries to cooperate especially in situations of water scarcity or floods or in case of accidental water pollution," she said.
The convention can help countries to use their shared resources "peacefully and sustainably to protect the environment and to jointly adapt to climate change", she said.
She hailed "huge momentum" in Africa for joining the convention, with nine countries now parties to the agreement, and around a dozen others in the process of joining.
But other regions need to catch up.
When Panama joined last year, it became the sole member state in the Americas, a region with "many water challenges", Koeppel said.
And Iraq last year also became the first member state in the Middle East -- one of the most water-stressed, and conflict-plagued, regions in the world.
Koeppel suggested that more cooperation on water in the Middle East could help ease tensions overall.
"Based on examples from other parts of the world," she said, "we can see how water has had a ripple effect to promote regional integration and sustainable development and climate action more broadly".


Pakistan says IMF ‘on board’ over $7 billion bailout targets

Pakistan says IMF ‘on board’ over $7 billion bailout targets
Updated 1 min ago
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Pakistan says IMF ‘on board’ over $7 billion bailout targets

Pakistan says IMF ‘on board’ over $7 billion bailout targets
  • The statement comes days before the arrival of an IMF team for the first review of the facility
  • IMF bailouts are critical for Pakistan which narrowly avoided a sovereign default in June 2023

KARACHI: Pakistan has taken the International Monetary Fund (IMF) on board over its targets under a $7 billion loan program it secured in September, a finance ministry official said on Tuesday, days before the arrival of an IMF mission in the South Asian nation for the program’s first review.
A successful review, expected later this month or in early March, would see the Washington-based lender release around $1 billion tranche to cash-strapped Pakistan, which seeks to boost its foreign exchange reserves to achieve the IMF’s threshold of three months import cover.
IMF bailouts are critical for Pakistan which narrowly avoided a sovereign default in June 2023 by clinching a last-gasp, $3 billion IMF loan and is currently navigating a tricky path to economic recovery.
“We are on track,” Khurram Schehzad, an adviser at the Pakistani finance ministry, told Arab News. “The IMF is on board on the targets and benchmarks that we have achieved as well as only a few we are chasing. We are fully prepared to go into the review process.”
The statement is expected to allay investor concerns about Pakistan meeting the IMF’s conditions to reform its economy by cutting on energy subsidies, broadening the tax net to agriculture, real estate and retail sectors, and privatizing loss-making, state-owned enterprises like the Pakistan International Airlines (PIA).
“We are working on the taxation side by bringing in the under-taxed and non-taxed sectors into the net by broadening, deepening and widening it,” Schehzad said.
Provincial governments in Pakistan’s Sindh, Punjab, Khyber Pakhtunkhwa and Balochistan provinces have recently enacted laws to impose taxes on farm incomes, fulfilling one of the IMF’s requirements.
Since averting an imminent default on its external debt in 2023, Pakistan is now keeping its current account in check primarily through containing imports. The country’s exports rose 10% to $19.6 billion in the last seven months till January, while it is keeping tabs on imports that increased by 7% to $33 billion, according to Pakistan Bureau of Statistics.
“Our balance of payment position is going to be manageable this year,” said Schehzad, who believes population growth and climate change are the two biggest challenges facing Pakistan’s economy.
The country achieved a current account surplus of $1.2 billion from July 2024 till December 2024 and is expecting to receive a record $35 billion worker remittances by June 2025. It expects IT exports to increase to $4 billion this year.
As jailed former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party carries out countrywide protests to demand the return of its “stolen” mandate in the last general election, PM Shehbaz Sharif’s government is trying to shore up the fragile economy, which Schehzad said is expected to expand in the range of 3% to 3.5% this financial year ending in June.
Pakistan’s central bank has slashed the interest rate by a cumulative 1,000 basis points to 12% since June to spur economic growth, thanks to the easing inflation that rose 2.41% last month, the lowest in more than nine years.
“We are keeping an eye on the prices of all essential items that should be reflective of the prevailing inflation numbers, so to close the gap between numbers and on-ground prices,” the finance adviser said.
The pace of price hike is expected to ease further in the months ahead, which will create more room for the central bank to decrease the rate of bank borrowing.
“We are giving priority to long-term sustainability of the economy over short term reliefs,” Schehzad said.
The Pakistani government is striving to turn the hard-earned economic stability with fiscal and external consolidation into a growth that is export-led and driven by productive and efficient investments primarily by the private sector, according to the finance adviser.
The government is working to break the so-called boom-and-bust cycle Pakistan’s economy has been “suffering from in the past many years now” and targets 6% growth and beyond by 2029, he added.


Australia look to fine tune for Pakistan-hosted Champions Trophy with Sri Lanka ODIs

Australia look to fine tune for Pakistan-hosted Champions Trophy with Sri Lanka ODIs
Updated 11 February 2025
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Australia look to fine tune for Pakistan-hosted Champions Trophy with Sri Lanka ODIs

Australia look to fine tune for Pakistan-hosted Champions Trophy with Sri Lanka ODIs
  • The Champions Trophy begins on February 19 in Pakistan and Dubai
  • Australia are in a group with England, South Africa and Afghanistan

COLOMBO: Captain Steve Smith admitted Tuesday the Champions Trophy would be on Australia minds when they play Sri Lanka in two one-day internationals this week, the final warm-ups for the eight-team tournament
The Champions Trophy begins on February 19 in Pakistan and Dubai, and 50-over world champions Australia are in a group with England, South Africa and Afghanistan.
Australia face Sri Lanka in Colombo on Wednesday and Friday, fresh from a dominant 2-0 Test series sweep.
“I’d be lying if I said the Champions Trophy wasn’t at the forefront of our minds — it’s a massive ICC tournament for us,” Smith told reporters in Colombo.
“While our focus is firmly on finishing this series on a strong note, there is no denying that the Champions Trophy is looming large. We want to make sure we carry good form into that competition.”
Both ODIs will be played as day games, a rarity in modern cricket.
The floodlights in Colombo’s R. Premadasa Stadium are out of action as part of renovations ahead of the 2026 T20 World Cup, which will be co-hosted with India.
“Day games are quite different,” Smith said, adding he couldn’t remember his last ODI day match.
“But whatever the conditions, it’s going to be warm out there, and we’re looking forward to the challenge.”
Before coming to Sri Lanka, Australia held a training camp in Dubai to prepare for “challenging wickets” in Sri Lanka, said Smith.
“The batters found methods to succeed in these conditions, the spinners worked on varying their pace, and the seamers fine-tuned their reverse swing,” he said.
“We hope to bring all that into this series and finish well.”
Sri Lanka did not qualify for the Champions Trophy after a dismal ninth-place finish at the World Cup in India in 2023.
“It’s disappointing, no doubt about it — but there’s nothing that we can do about it now,” Sri Lanka’s stand-in captain Charith Asalanka said.
“What’s important is that we make sure this never happens again.”
Asalanka said the team wanted to focus on their successes — including beating India in 2024 in the first ODI in 27 years.
“We need to build on that momentum,” Asalanka added.


Pakistani, UAE leaders seek to deepen economic partnership for sustainable growth

Pakistani, UAE leaders seek to deepen economic partnership for sustainable growth
Updated 19 min 56 sec ago
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Pakistani, UAE leaders seek to deepen economic partnership for sustainable growth

Pakistani, UAE leaders seek to deepen economic partnership for sustainable growth
  • PM Shehbaz Sharif is currently in the UAE to attend the World Governments Summit being held in Dubai on February 11-13
  • Sharif is meeting foreign investors on the sidelines as Islamabad seeks to attract foreign funds to help shore up economy

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday met United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al-Nahyan in Abu Dhabi, Sharif’s office said, adding the two leaders discussed ways to deepen economic cooperation between the two countries to achieve sustainable growth.
The meeting took place on the sidelines of the World Governments Summit (WGS), being held in Dubai on Feb. 11-13 under the theme ‘Shaping Future Governments.’ This is Sharif’s second visit to the UAE since assuming office in March last year.
The UAE is Pakistan’s third-largest trading partner after China and the United States, and a major source of foreign investment valued at over $10 billion in the last 20 years, according to the UAE’s foreign ministry.
Both countries have stepped up efforts in recent years to strengthen their economic relations. In Jan. 2024, Pakistan and the UAE signed multiple agreements worth more than $3 billion for cooperation in railways, economic zones and infrastructure.
“During their meeting at Qasr Al Shati in Abu Dhabi, the Prime Minister and His Highness discussed ways to deepen cooperation between Pakistan and the UAE and explored opportunities to enhance mutual interests,” Sharif’s office said.
“The talks focused on economic, trade, and development fields, alongside other areas that align with both nations’ visions for sustainable economic growth and prosperity.”

Pakistan’s Prime Minister Shehbaz Sharif meets United Arab Emirates (UAE) Prime Minister Sheikh Mohammed bin Rashid Al Maktoum, on the sidelines of the World Governments Summit 2025, in Dubai on February 11, 2025. (PMO)

Policymakers in Pakistan consider the UAE an optimal export destination due to its geographical proximity, which minimizes transportation and freight costs while facilitating commercial transactions. It is also home to more than a million Pakistani expatriates, making it the second-largest Pakistani expatriate community worldwide and a major source of foreign workers’ remittances for Pakistan.
The meeting provided an opportunity to address the significance of the World Governments Summit in identifying global trends in governance and presenting actionable strategies to enhance government preparedness in navigating global transformations, according to Sharif’s office. The discussions underscored the importance of leveraging these shifts to accelerate development and build a better future for all.
Sharif is also meeting foreign companies and investors on the WGS sidelines as Pakistan, currently bolstered by a $7 billion facility from the International Monetary Fund (IMF) granted in September, navigates a narrow economic recovery path.
In one meeting, Sharif met with the Dubai-owned ports and logistics company DP World’s CEO Sultan Ahmed bin Sulayem and discussed ongoing and future investments.
“Sharif appreciated DP World’s investment in Pakistan and its role in enhancing trade and logistics infrastructure,” the PM’s office said in a statement, reiterating Pakistan’s commitment to the early completion of projects under two Inter-Governmental Framework Agreements (GAs) signed in Jan. 2024 to strengthen relations in the marine and logistics sectors, including the establishment of a freight corridor and an economic zone near Karachi, the Pakistani commercial capital.

Pakistan Prime Minister Shehbaz Sharif shakes hands with Sultan Ahmed bin Sulayem, Group Chairman and CEO DP World, during a meeting on the sidelines of the World Governments Summit in Dubai on February 11, 2025. (Photo courtesy: PMO)

“[Sharif] said that Pakistan’s strategic location provides an ideal opportunity for DP World to expand its operations and emulate successful projects like Jebel Ali Port in Pakistan,” the PM office said.
Under the IGAs, DP World is developing a dedicated freight corridor to run from Karachi Port on the Arabian Sea, passing through Karachi, Pakistan’s most populous city, to the Pipri Marshalling Yard, approximately 45km away. The corridor will improve efficiency, transport times, and reduce the overall cost of logistics. State-run Pakistan Railways and Port Qasim Authority will act on behalf of the Pakistan government for the development of the corridor. 
A second framework agreement was signed with Pakistan’s ministry of maritime affairs to dredge the navigation channel. DP World will carry out the capital dredging on behalf of the government of Dubai. 
The framework agreement will also see the development of an economic zone at Port Qasim, which aims to attract more than US $3 billion foreign direct investment. DP World, on behalf of the government of Dubai, will carry out the development of the economic zone, with the aim of maximizing economic activity in Pakistan. 
DP World began operations in Pakistan in 1997 at the Qasim International Container Terminal (QICT) – the first of its kind in the country – and has since transformed the facility into a leading gateway for global trade in the region.

Pakistan Prime Minister Shehbaz Sharif meets US businessman and Texas hedge fund manager Gentry Beach (2L) on the sidelines of the World Governments Summit in Dubai on February 11, 2025. (Photo courtesy: PMO)

Separately, Sharif met US businessman and Texas hedge fund manager Gentry Beach, who is close to the family of American President Donald Trump. Beach visited Pakistan last month and discussed investments in the real estate, energy and minerals sectors.
“Beach, while recalling his recent visit to Pakistan, described the government’s policies as conducive for business and investment and expressed keen interest in investing in various sectors,” Sharif’s office said in a statement, adding that the US investor had pledged to “implement his investment plans in Pakistan at the earliest.”


PM directs authorities to expedite identification of Pakistanis in shipwreck off Libyan coast

PM directs authorities to expedite identification of Pakistanis in shipwreck off Libyan coast
Updated 11 February 2025
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PM directs authorities to expedite identification of Pakistanis in shipwreck off Libyan coast

PM directs authorities to expedite identification of Pakistanis in shipwreck off Libyan coast
  • Boat carrying 65 passengers capsized near port of Marsa Dela in northwest of Libya’s Zawiya city
  • Shehbaz Sharif vows stern action against human traffickers, expresses condolences to families 

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the foreign ministry to expedite the identification process of Pakistanis aboard a ship carrying 65 passengers that had capsized near the coast of Libya, his office said on Tuesday, vowing stern action against human traffickers. 

A boat capsized near the port of Marsa Dela in the northwest of Zawiya city in Libya, the foreign office confirmed on Monday, prompting the Pakistani government to activate a crisis management cell to confirm if any Pakistanis were on board.

The latest tragedy comes weeks after at least 13 Pakistanis died when a boat carrying 86 migrants to Europe capsized near the coast of Morocco on Jan. 16. Each year, thousands of Pakistanis pay traffickers large sums for risky and illegal journeys to Europe, hoping to find work and send money back to their families. Many also take these perilous routes to escape conflicts and religious persecution.

“The prime minister has directed the Ministry of Foreign Affairs to expedite the identification of the deceased Pakistanis and provide all possible assistance to the affected individuals,” the PM’s Office (PMO) said in a press release. “The prime minister has requested a report on the incident from the relevant authorities.”

Calling for strict action against people involved in human trafficking, Sharif said no negligence would be tolerated in this regard. He assured that the government was undertaking comprehensive measures to combat the crime.

Sharif expressed condolences to the families of the deceased and also prayed for the souls of those who had died in the incident. 

Pakistan has intensified its crackdown on human trafficking rings facilitating dangerous sea journeys for migrants, as many of its nationals frequently drown on overcrowded boats in the Mediterranean, the world’s deadliest migrant route. 

In 2023, 262 Pakistanis were among the hundreds who died when a vessel sank off Greece’s Pylos. Recently, five Pakistanis perished in a shipwreck near Gavdos on Dec. 14.


Erdogan to visit Pakistan from Feb. 12-13 to strengthen cooperation in bilateral trade and investment

Erdogan to visit Pakistan from Feb. 12-13 to strengthen cooperation in bilateral trade and investment
Updated 11 February 2025
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Erdogan to visit Pakistan from Feb. 12-13 to strengthen cooperation in bilateral trade and investment

Erdogan to visit Pakistan from Feb. 12-13 to strengthen cooperation in bilateral trade and investment
  • Turkish president to co-chair Pakistan-Turkiye High Level Cooperation Council session with PM Shehbaz Sharif, says FO
  • HLSCC focuses on trade, investment, banking, finance, culture, tourism, energy, defense, agriculture and other sectors

ISLAMABAD: Turkish President Recep Tayyip Erdogan will visit Pakistan with a high-level delegation from Feb.12-13, Pakistan’s foreign office said on Tuesday, during which he will co-chair the session of a high-level strategic cooperation council focusing on bilateral trade, investment and other priority sectors between the two countries, and oversee the signing of several agreements. 
The Pakistan-Turkiye High Level Cooperation Council (HLSCC) was established in 2009 as a framework for consultations at the highest political level between the two sides. Several joint standing committees under the HLSCC cover vital sectors such as trade, investment, banking, finance, culture, tourism, energy, defense, agriculture and others. 
Six sessions of the HLSCC have been conducted since it was founded, with the last one held in Islamabad from Feb. 13-14, 2020. 
Erdogan’s high-level delegation will comprise ministers, senior officials and corporate leaders, the foreign office said. 
“During the visit, Prime Minister Shehbaz Sharif and President Erdogan will co-chair the 7th Session of the Pakistan-Turkiye High Level Strategic Cooperation Council (HLSCC),” the foreign office said. “At the conclusion of the Session, a Joint Declaration and a number of important agreements/MoUs are expected to be signed. The two leaders will also address a joint press stakeout.”
Erdogan will hold bilateral meetings with Sharif and President Asif Ali Zardari, the foreign office said, adding that the Turkish president will address the Pakistan-Turkiye Business and Investment Forum with Sharif. The forum will bring together leading investors, companies and businesspersons from both sides, the statement said. 
“The visit of Turkish President and the holding of the 7th Session of the HLSCC would serve to further deepen the brotherly relations and enhance multifaceted cooperation between the two countries,” the foreign office said. 
Turkiye and Pakistan enjoy cordial relations with one another that has expanded to cooperation in several sectors between the two nations. Both agreed to enhance the bilateral trade volume to $5 billion last year in May when Turkish Foreign Minister Hakan Fidan arrived in Pakistan’s capital on a two-day visit. 
Pakistan has been eagerly reaching out to international partners and close allies since last year in its quest to escape a prolonged macroeconomic crisis by strengthening cooperation in business, investment and other sectors. 
Pakistan’s economic crisis has drained its financial resources, weakened its national currency and triggered inflation in the country. The South Asian country has repeatedly stated its desire to achieve sustainable economic growth through foreign trade and investment, long-term reforms and by promoting exports.