Pakistan and Bangladesh establish business council in ‘milestone’ agreement

Pakistan and Bangladesh establish business council in ‘milestone’ agreement
Officials of the Pakistan Federation of Chambers of Commerce and Industry and the Federation of Bangladesh Chambers of Commerce and Industry launch “Pakistan-Bangladesh Joint Business Council” in Dhaka on January 13, 2025. (Photo courtesy: Pakistan High Commission Bangladesh)
Short Url
Updated 14 January 2025
Follow

Pakistan and Bangladesh establish business council in ‘milestone’ agreement

Pakistan and Bangladesh establish business council in ‘milestone’ agreement
  • FPCCI chief says strengthening trade relations requires cooperation between both business communities
  • Pakistan’s deputy PM is also scheduled to visit Dhaka next month to further consolidate bilateral ties

ISLAMABAD: A landmark agreement to establish a joint business council was signed with Bangladesh on Tuesday, marking a “milestone” in efforts to enhance trade and economic cooperation between between the two states, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said.
Both countries share a complicated history, having once been a single entity known as East and West Pakistan until Bangladesh gained independence in 1971 following a war of liberation backed by India, Pakistan’s arch-rival.
Relations reached a new low in 2016 when Bangladesh executed several Jamaat-e-Islami leaders for alleged war crimes during the 1971 conflict, a move Pakistan condemned as “politically motivated,” saying the executions targeted individuals with a pro-Pakistan stance during the war.
Ties have warmed in recent months after former Prime Minister Sheikh Hasina was ousted last year following violent student-led protests. Her subsequent flight to India strained Dhaka’s relations with New Delhi, with Dhaka repeatedly demanding her extradition.
“The establishment of the Pakistan-Bangladesh Business Council is a milestone for trade relations between the two countries,” FPCCI President Atif Ikram Sheikh said after signing an agreement to that effect with representatives of the Administrative Federation of the Bangladesh Chamber of Commerce.
During the visit, the FPCCI chief led a Pakistani business delegation that held meetings with their counterparts in Bangladesh to discuss ways to enhance trade ties.
Speaking at a business forum hosted by the Bangladesh Chamber of Commerce and Industry, he also praised Bangladesh as a major economic power in South Asia.
“Strengthening trade relations requires mutual cooperation between the business communities of both nations,” Sheikh said, emphasizing the need to address key issues such as air connectivity, visa facilitation and prioritizing trade partnerships.
“There are vast opportunities for collaboration in agriculture, education, textiles and other sectors. The large populations of both countries should not be seen as a challenge but as an opportunity to drive economic growth,” he added.
Sheikh also reiterated his commitment to keeping the council active and fostering stronger links between the business communities of both nations.
The Trade Corporation of Pakistan also signed a memorandum of understanding for rice export to Bangladesh on Tuesday.
Pakistan’s Deputy Prime Minister Ishaq Dar is also scheduled to visit Dhaka in the beginning of February to further consolidate the relations between the two countries.


Pakistan reports first locally transmitted case of mpox virus

Pakistan reports first locally transmitted case of mpox virus
Updated 24 February 2025
Follow

Pakistan reports first locally transmitted case of mpox virus

Pakistan reports first locally transmitted case of mpox virus
  • Two new cases reported in Peshawar of which one was locally transmitted
  • Pakistan reported eight cases of mpox last year and three so far this year

PESHAWAR: Pakistan has reported two new mpox cases in the northwestern city of Peshawar, of which one is the South Asian nation’s first locally transmitted case, a health official said on Monday.

Pakistan reported eight cases last year and three this year of mpox, which causes flu-like symptoms and pus-filled lesions. Children, pregnant women and people with weakened immune systems face a higher risk of complications from the infection.

Mpox can spread through close contact with an infected person such as skin-to-skin touching or cuts, sexual activity, mouth-to-mouth contact, or breathing in infectious respiratory particles.

The health department for Pakistan’s northwestern Khyber Pakhtunkhwa province said two new cases had been reported in a couple.

“It makes two (cases) but the wife is locally transmitted, and the husband has a travel history from a Gulf country,” health department public relation officer Ataullah Khan told Arab News on Monday. 

KP Health Adviser Ihtesham Ali said in a statement on Sunday this was the first locally transmitted mpox case as all previously reported cases were linked to international travel.

KP Public Health Director Dr. Fazal Majeed said in the statement the husband had showed no symptoms upon his arrival in Pakistan but developed them by Feb. 6 and chose to stay home for nearly two weeks instead of seeking medical treatment.

The woman was hospitalized on Feb. 18 after experiencing fever, body aches and rashes on her body and inside her mouth, he said, adding that the mpox virus was confirmed on Feb. 21.

A team was formed to screen all the family members and necessary preventive measures were implemented including home isolation for the couple.

Pakistan reported its first mpox case of 2025 in Peshawar in January. 

Last year, the World Health Organization declared a global health emergency over the spread of a new, more dangerous, mutated strain of mpox, named clade I. The strain first emerged in the Democratic Republic of Congo and spread to several countries, prompting increased monitoring and preventive measures worldwide.

Pakistan has so far not reported any cases of the new mutation.


Pakistan PM hopes pause in Gaza fighting converts into ‘permanent ceasefire’

Pakistan PM hopes pause in Gaza fighting converts into ‘permanent ceasefire’
Updated 58 min 47 sec ago
Follow

Pakistan PM hopes pause in Gaza fighting converts into ‘permanent ceasefire’

Pakistan PM hopes pause in Gaza fighting converts into ‘permanent ceasefire’
  • Israel, Hamas agreed to uneasy truce in January after 15 months of fighting 
  • Dream of a Palestinian state to materialize sooner than later, says Shehbaz Sharif 

ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif on Monday hoped that the brief pause in fighting in Gaza between Hamas and Israel turns into a permanent ceasefire so that the dream of a Palestinian state can be materialized “sooner rather than later.”

Israel and Hamas agreed to an uneasy truce in January which brought about a pause in 15 months of fighting between the two sides. The first phase of the uneasy truce is due to expire in early March and details of a planned subsequent phase have not been agreed.

Tensions, however, have once again surged despite the truce and a series of exchange of prisoners between both sides. Israel on Sunday announced an expansion of military operations against Palestinians in the occupied West Bank, where violence has soared throughout the Gaza war. 

Speaking at a joint press conference with Azerbaijan President Ilham Aliyev in Baku, Sharif said there is “complete unanimity” among Pakistan and Azerbaijan on the need for a two-state solution to resolve the Middle East crisis. 

“And I think today is the time that this pause in Gaza will now be converted into a permanent ceasefire,” Sharif told reporters. “And then I think the dream of a two-state [solution] of this area, the Palestine state, will be materialized in times to come sooner rather than later.”

Israel killed around 48,000 Palestinians in Gaza via relentless aerial bombardment and ground military offensives since Hamas’ surprise attack on Oct. 7, 2023. The attack resulted in the deaths of more than 1,200 people and Hamas taking 251 Israeli hostages. 

Since the ceasefire took hold on Jan. 19, Hamas has released 25 living Israeli hostages in staged ceremonies, often flanked by masked gunmen and forced to speak.

After six were freed on Saturday, Israel put off the planned release of more than 600 Palestinians, citing what Netanyahu called “humiliating ceremonies” in Gaza.

Pakistan does not recognize nor have diplomatic relations with Israel and calls for an independent Palestinian state based on “internationally agreed parameters.”

Since the beginning of Israel’s war in 2023, the South Asian country has dispatched several relief consignments for Gaza, besides establishing the ‘Prime Minister’s Relief Fund’ that aims to collect public donations for the war-affected people.


Cricket-mad Pakistan’s betting scene set for ICC Champions Trophy boom

Cricket-mad Pakistan’s betting scene set for ICC Champions Trophy boom
Updated 24 February 2025
Follow

Cricket-mad Pakistan’s betting scene set for ICC Champions Trophy boom

Cricket-mad Pakistan’s betting scene set for ICC Champions Trophy boom
  • One medium-sized bookie said he could expect to make up to $10,000 during major tournament like Champions Trophy
  • One seasoned better said he had once won staggering $89,538 from a single match but lost $32,233 in next game

ISLAMABAD: While eight cricket teams are fighting for the ICC Champions Trophy which started last week, bookies and police will be playing a game of cat and mouse as fans in cricket-crazy Pakistan are expected to wager huge amounts during the international tournament.

Cricket betting exists as a complex, underground market in Pakistan, thriving through unregulated bookies, online platforms and informal betting networks. Authorities say they frequently crack down on betting rings but enforcement remains a challenge due to the widespread use of mobile apps and international betting websites.

Arab News spoke to two bookies and two regular sports bettors to gain insights into Pakistan’s underground betting market, its stakes and how it operates, its evolution in the digital age and the impact of major cricket events on betting activity in the country. 

One bookie, who wanted to be referred to by the initials AB due to fear of legal action, said sports betting had always been popular in Pakistan but had become more accessible in recent years with the rise of online applications. 

While he said he usually made the equivalent of about $1,700 — $3,500 during a regular international cricket match, he could expect to make up to $10,000 during a major tournament like the ICC Champions Trophy. 

“Millions of dollars throughout the world and billions of rupees in Pakistan are expected to change hands [during the Champions Trophy],” AB told Arab News in a telephone interview. 

When asked about the maximum amount people were willing to bet on a game between Pakistan and India, one of the world’s most intense sports rivalries, he said: 

“The more money a person has, the more he bets. We are talking billions of rupees here.”

One bettor Arab News spoke to, who wanted to be referred to by the assumed name Bilal, said the largest bet he had placed in one go was around $5,400, while the most amount of money he had won from a single cricket match was a staggering $89,538.

“But then I lost around $32,233 in the next match,” Bilal said, adding that he had learnt his lesson and did not place big bets anymore. The highest he would go during the Champions Trophy was around $350 a match. 

OLD VS NEW SYSTEM

Explaining the evolution of Pakistan’s betting scene, AB said the betting process had been entirely manual until about a decade ago. 

“Bookies were connected to international betting networks and offered players the rates from those platforms while charging a commission,” he explained. 

Under the old system, new players could only place bets if an existing player vouched for them, making the guarantor responsible for covering the new player’s losses if they failed to pay. This also protected against the risk of infiltration by undercover cops. 

This is how the system worked: Players would call the bookie directly to ask for betting rates and then place a bet, and the call was recorded as proof of the transaction.

That system gave bookmakers a greater margin, as the odds could fluctuate between the time a player inquired about a bet and when they actually placed it.

Today, bookies use betting apps, which eliminate the need for guarantors. Any player can contact a bookie directly, deposit a certain amount and receive a login ID with funds added to their account.

“Players can now access the app directly to place bets and withdraw their winnings after a match or tournament,” AB said. “We still allow our long-term players to bet now and pay later.”

A seasoned bettor from Karachi, who requested to be identified as Tariq, told Arab News he had been betting for the past 15 years, not just on cricket but also on football, horse racing and other sports.

“The manual process used to favor the bookies because players couldn’t see the real-time fluctuations in betting rates,” he said. “This allowed bookies to manipulate the odds and increase their profits.” 

Web-based betting had made the operation, including payouts, smoother however, Tariq added. 

“Before every cricket match, one team is the favorite while the other is the underdog depending on their previous performance,” AB, the bookie, added. “Betting on the favorite team yields lower earnings compared to betting on the underdog.”

He explained that if the odds for a match were 2:3, a $1 bet on the favorite team would yield $0.67 in profit while betting a dollar on the underdog would yield $1.50.

AB said the most common bets during cricket matches revolved around predicting the outcome of the match or series, while “fancy bets” involved wagering on the number of runs a team will score within a certain number of overs.

Bets could be placed on anything, he added, from which team would win the toss to which bowler would take the most number of wickets.

“For instance, at the start of a match, the first available fancy bet is usually for the first five or ten overs,” AB explained. “A player can bet on whether the batting team will score more or less than a certain number of runs, for example 40, within a specified number of overs, with this type of betting continuing throughout the match.”

PAYING UP

Often, the gambling dens operate under the very nose of the police, bookkeepers said. 

KC, another bookie who also refused to be identified by his full name and operates a den from a modest two-bedroom apartment in Karachi, told Arab News the police became active in striking deals with, and demanding heavier bribes from, bookkeepers before major cricket tournaments like the ICC Champions Trophy. 

“Corruption runs deep,” he said. “Some policemen even place their own bets.”

The first bookie, AB, said police were helpful both in looking the other way and allowing dens to operate, while raiding the set-ups of competitors or new bookies in the market. 

“Small bookies like me pay thousands of rupees weekly as protection money on a regular basis. But the policeman I’m in touch with has told me they won’t come to save me if there is a raid, the most they will do is alert me about the raid beforehand,” he said. 

AB said there was a fixed bribe rate on a weekly basis, but a percentage system was used for big matches, with the police getting a cut of earnings from big matches. 

“In a month from small bookies, police would be able to make around $5,500,” he added. “Rates don’t increase before tournaments but only for big matches.”

Tariq, the better, recalled a time he lost over a million rupees on credit and couldn’t pay on time.

“I received threats from bookies and even policemen called me asking me to visit them,” he said. 

The same works for bookies too sometimes: 

“If a bookie fails to pay, the police detain them until they clear their dues,” Tariq added. 

Speaking to Arab News on condition of anonymity as he was not authorized to speak to the media, a senior Karachi police official said gambling had largely shifted online, bringing it under the jurisdiction of the Federal Investigation Agency (FIA). However, he admitted that some physical gambling may still be taking place though its nature had changed. 

“It is rarely played with gamblers physically present in one location. This is why it now falls under the FIA’s jurisdiction,” the official said. 

A spokesperson for Sindh police said the issue did not fall under the domain of police. 

FIA spokesperson Abdul Ghafoor could not be reached for comment despite several attempts while FIA Deputy Director Media Mehmood Ali Khokhar sought questions via text message but did not respond.


Pakistan petroleum dealers threaten nationwide strike over oil price deregulation plans

Pakistan petroleum dealers threaten nationwide strike over oil price deregulation plans
Updated 24 February 2025
Follow

Pakistan petroleum dealers threaten nationwide strike over oil price deregulation plans

Pakistan petroleum dealers threaten nationwide strike over oil price deregulation plans
  • Pakistan’s petroleum minister last week said government was introducing new policy to deregulate oil prices
  • Petroleum dealers association says price deregulation will encourage cartels, fuel inflation in Pakistan

ISLAMABAD: The Pakistan Petroleum Dealers Association (PPDA) said on Monday it would launch a countrywide strike against the government’s decision to deregulate oil prices, warning that the move would trigger an increase in smuggling, inflation and cartels dictating oil prices. 

Pakistan’s Petroleum Minister Musadik Malik said last week the government was planning to introduce a deregulation policy allowing oil marketing companies (OMCs) to sell fuel at competitive rates to increase their market share. Under the policy, OMCs would be allowed to set their prices and sell petrol and diesel below the government’s announced rates.

The PPDA, which represents fuel station owners and petroleum dealers across Pakistan and advocates for fuel retailers’ interests in pricing, government policies and taxation, says it was not consulted on the government’s deregulation plans. 

“The government did not consult us, we oppose this move of theirs,” Abdul Sami Khan, PPDA chairman, told Arab News over the phone on Monday. “Our central organization will hold a meeting on this, following which we will announce a date for our strike if this decision is not reversed.”

In a press release on Sunday, the union warned that deregulation of oil prices would lead to an increase in smuggling of oil from Iran and the formation of cartels, “where only two or three companies will dominate, leading to unfair pricing practices.”

The PPDA also warned that deregulating oil prices would cause inflation to surge, adversely affecting consumers. 

“The PPDA calls for an immediate review of this decision and urges the government to engage with us to address these pressing concerns,” it said. “We stand ready to discuss and collaborate on a more equitable and transparent approach to the oil pricing system.”


Pakistan need big improvement after damaging India loss, says Shakeel

Pakistan need big improvement after damaging India loss, says Shakeel
Updated 24 February 2025
Follow

Pakistan need big improvement after damaging India loss, says Shakeel

Pakistan need big improvement after damaging India loss, says Shakeel
  • Tournament favorites India beat Pakistan by six wickets, inspired by Virat Kohli’s century 
  • Pakistan losing wickets in bunches and are not building big partnerships, says Saud Shakeel

DUBAI: Top-order batsman Saud Shakeel said Pakistan must be better in every facet after a six-wicket defeat to arch-rivals India left the hosts on the brink of a Champions Trophy exit.

Shakeel top scored with 62 as Pakistan were dismissed for a below-par 241 in 49.4 overs in Sunday’s blockbuster Group A clash.

Tournament favorites India overhauled the target in 42.3 overs with a masterly unbeaten 100 by Virat Kohli.

Pakistan are hosts of the one-day event but the match took place in Dubai in front of a packed 25,000 crowd after India refused to travel to their neighbor.

“We did not play well in all three departments and that is why this result has come and we have to accept this,” Shakeel told reporters.

Pakistan were lifted by a third-wicket stand of 104 between Shakeel and skipper Mohammad Rizwan, who scored 46, but both fell in successive overs in the space of eight runs.
Shakeel said those wickets hurt Pakistan.

“We are losing wickets in bunches and are not building big partnerships,” he said.

He added: “When we were batting the pitch played slow. We tried to bat deep but it did not happen.

“I am sure fans will be disappointed, just like we are.”

The defeat left Pakistan at the bottom of Group A with two losses in as many games.

They now need other results to go in their favor to remain in contention for the semifinals.

“Some things did not go in our favor,” said spinner Abrar Ahmed, but agreed with Shakeel.

“We have to change a lot of things within the group.

“This tournament is like that — you go out if you lose one match. We have to improve our batting and have to do more work on bowling.”

Pakistan face Bangladesh in their last group match in Rawalpindi on Thursday, but both will already be eliminated if Bangladesh lose to New Zealand later on Monday.

Pakistan is hosting a major international cricket tournament for the first time in nearly three decades.