Pakistan, Azerbaijan sign agreements on trade, energy, tourism 

Pakistan, Azerbaijan sign agreements on trade, energy, tourism 
Pakistan Prime Minister Shehbaz Sharif (left) addresses joint press conference with Azerbaijan President Ilham Aliyev in Baku on February 24, 2025. (Governemnt of Pakistan)
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Updated 24 February 2025
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Pakistan, Azerbaijan sign agreements on trade, energy, tourism 

Pakistan, Azerbaijan sign agreements on trade, energy, tourism 
  • Shehbaz Sharif meets Azerbaijan President Ilham Aliyev in Baku during two-day visit
  • Aliyev says both sides discuss cooperation in energy, defense manufacturing, connectivity 

ISLAMABAD: The governments of Pakistan and Azerbaijan signed multiple agreements on Monday to enhance cooperation in the trade, energy, tourism and education sectors as Prime Minister Shehbaz Sharif visits Baku with an eye to enhancing bilateral trade and investment with landlocked Central Asia.

Sharif arrived in Baku on Sunday for talks on defense, trade and energy, his government said. The latest visit is part of Pakistan’s broader push at economic diplomacy with the Central Asian republics, to whom it has offered access to its southern ports in Karachi and Gwadar. In July 2024, Azerbaijan announced a $2 billion investment in Pakistan during a visit by President Ilham Aliyev to Islamabad. In September last year, Pakistan signed a contract to supply JF-17 Block III fighter jets to Azerbaijan, marking the deepening of defense cooperation.

On Monday, Sharif met Aliyev in Baku for delegation-level talks and oversaw the signing of several memorandums of understanding (MoUs). 

“We received concrete projects from Pakistan, and Azerbaijani representatives are evaluating them … and today with my brother [Shehbaz Sharif] we put very ambitious but at the same time realistic target to finalize all the discussions [on projects] within one month and by the beginning of April to prepare documents for signing,” Aliyev said during a press conference with Sharif before they attended a joint business forum. 

“These projects cover infrastructure, development areas as well as energy, economic, mining and maybe some others.”

Aliyev said Pakistan and Azerbaijan had discussed cooperation in the defense sector, including the joint manufacturing of defense industry items. 

“Azerbaijan has already acquired defense equipment from Pakistan and we are satisfied with the quality of this equipment and we will continue to do it,” the Azeri leader said. 

He also spoke about increased connectivity and better transport between the two nations, as well as enhancing the bilateral trade turnover to more than its current status of “several tens of millions of US dollars.”

“I am extremely grateful to you when you announced that Azerbaijan intends to invest $2 billion in Pakistan in ventures which are mutually beneficial, which will bring dividends to both countries,” Sharif said during his speech. 

Separately, state broadcaster Radio Pakistan said the two governments had signed multiple MoUs and agreements to boost bilateral cooperation in fields ranging from trade, energy, tourism and education. 

The State Oil Company of Azerbaijan Republic (SOCAR) and Pakistan’s Frontier Works Organization (FWO) and Pakistan State Ooil (PSO) signed an MoU for collaboration in the Machike-Thallian-Tarujabba White Oil Pipeline Project which will stretch from the southern port city of Karachi to the northwestern Khyber Pakhtunkhwa province.

The two sides also signed an amendment agreement to an existing framework agreement for the sale and purchase of LNG cargoes.

An MoU between Azerbaijan’s Nakhchivan and Pakistan’s Lahore cities was signed to promote cooperation in culture, tourism, urban development, education, science, economy and other fields. 

During Aliyev’s Pakistan visit last year, a joint committee was set up to materialize projects in trade, commerce, information technology, tourism, telecommunication, mineral resources and other sectors. Sharif said at the time the current trade volume of $100 million did not reflect the “true” trade potential between the two countries.


Pakistan watchdog announces cash rewards for exposing cartels manipulating markets

Pakistan watchdog announces cash rewards for exposing cartels manipulating markets
Updated 1 min 32 sec ago
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Pakistan watchdog announces cash rewards for exposing cartels manipulating markets

Pakistan watchdog announces cash rewards for exposing cartels manipulating markets
  • Initiative aimed at promoting public participation in eliminating illegal practices, competition commission says
  • Scheme will encourage members of public to be part of protecting economy, economic rights, watchdog says 

KARACHI: The Competition Commission of Pakistan (CCP), a government agency for the enforcement of economic competition laws, said on Monday it would pay cash rewards to people who exposed cartels involved in the manipulation of various markets.

The development comes ahead of the holy month of Ramadan, during which various elements hoard essential items and artificially increase prices at local levels to make unjust profits.

The artificial increase in prices of goods and services in Pakistan, and a lack of quality goods is largely the result of business cartelization in the markets, according to the CCP.

Cartels are formed when suppliers in a market coordinate or enter into agreements to fix prices for goods and services and control the supply which is an illegal practice.

“If any individual is aware that a business association or product suppliers have colluded to fix prices or control supply, he is urged to immediately report such information to the CCP,” the watchdog said.

“Those who provide information and evidence regarding such illegal cartels will be rewarded with amounts ranging from Rs200,000 ($714) to Rs2,000,000 ($7,146). It is important to note that the identity of the informant will remain confidential.”

People can reach the CCP through WhatsApp number 0304-0875255 or its website www.cc.gov.pk to report any cartelization in the country.

“If your information is verified, you will not only receive a reward but also be recognized as a national hero,” it said.

The CCP said the initiative is aimed at promoting public participation in eliminating illegal business practices and the scheme would not only provide a legal avenue but also encourage the public to be part of protecting the country’s economy and their economic rights.

To ensure the provision of better-quality goods and services at fair prices to consumers, it is essential that all suppliers in the market compete with each other by offering better services and products at better prices, rather than colluding to fix prices, according the watchdog.

Engaging in agreements or understandings to control prices or supply of goods and services for unjustifiable profits is a serious crime under the Competition Act 2010.

“The Competition Commission of Pakistan has called for cooperation from the public in general and the concerned stakeholders in particular to take strict action against such illegal business nexus and cartels and to report any such act,” it said.


Pakistan Navy holds Sea Guard-25 exercise for key maritime sector representatives

Pakistan Navy holds Sea Guard-25 exercise for key maritime sector representatives
Updated 8 min 48 sec ago
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Pakistan Navy holds Sea Guard-25 exercise for key maritime sector representatives

Pakistan Navy holds Sea Guard-25 exercise for key maritime sector representatives
  • Exercise, the second in Sea Guard series, will run from Feb. 24-28 
  • Exercise seeks to enhance coordination among national stakeholders

KARACHI: The Pakistan Navy on Monday launched the Sea Guard-25 exercise in the southern port city of Karachi to bring diverse sectors and agencies together on one platform to “collectively address multifaceted challenges in the maritime domain.”

The exercise, the second in its series, will run from Feb. 24-28 and bring together representatives from fisheries, law enforcement agencies, private entities, and non-profits.

“In addition to prominent figures from the private sector and fishing community, representatives from various organizations, including the Pakistan Maritime Security Agency, Pakistan Coast Guards, Pakistan National Shipping Corporation, Anti-Narcotics Force, Federal Investigation Agency, Karachi Port Trust, and Port Qasim Authority, attended the session,” the navy said in a statement. 

“The exercise seeks to enhance coordination among national stakeholders while operating within their respective legal frameworks, using JMICC as a common platform to strengthen security of Pakistan’s maritime zones,” the navy statement added, referring to the Joint Maritime Information Coordination Center. 

“It includes a series of practical scenario-based exercises at sea, along with table-top discussions, to refine and improve existing security mechanisms.”

Pakistan frequently conducts drills in Karachi, home to key naval bases and whose strategic position along the Arabian Sea is vital for safeguarding the South Asian nation’s territorial waters.

Earlier this month, Pakistan hosted the AMAN-25 multinational naval exercise, with 60 nations participating. Pakistan and Saudi Arabia also concluded their annual Affaa Al Sahil naval exercise in Karachi in February.


Pakistan seeks assistance from commercial banks to sell loss-making enterprises

Pakistan seeks assistance from commercial banks to sell loss-making enterprises
Updated 28 min 55 sec ago
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Pakistan seeks assistance from commercial banks to sell loss-making enterprises

Pakistan seeks assistance from commercial banks to sell loss-making enterprises
  • The comments by the finance minister come ahead of a visit of an IMF team to Islamabad to review Pakistan’s progress on a $7 billion bailout
  • The government seeks to sell its stake in state-owned companies as it aims to revive the $350 billion South Asian economy under the IMF program

KARACHI: Pakistan’s finance minister Muhammad Aurangzeb on Monday urged commercial banks to help the government with its plans to privatize loss-making, state-owned enterprises (SOEs).

The minister’s comments came ahead of the visit of an International Monetary Fund (IMF) team to Islamabad to review Pakistan’s progress on a $7 billion bailout it secured in September last year. A successful review will see the Washington-based lender release around $1 billion tranche to cash-strapped Pakistan.

Under the program, Pakistan has undertaken several reforms in taxation, energy and others sectors as well as with regard to better management and privatization of loss-making SOEs. Pakistani provincial governments have also recently enacted laws to tax farm incomes in line with the lender’s requirements.

Prime Minister Shehbaz Sharif’s government seeks to sell its stake in state-owned companies, including the debt-ridden Pakistan International Airlines (PIA), as it aims to revive the $350 billion South Asian economy.

“You can be on the sell side, you can be on the buy side in conjunction with the foreign partners, but we’re very serious and we will pay you,” Finance Minister Aurangzeb said at a summit of commercial bankers in Karachi.

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.

The government’s first attempt to privatize the national airline failed in October when the single bidder, a real estate developer, offered a rate much lower than what was anticipated by authorities.

Aurangzeb said they had had “a bit of a hiccup,” but PIA was being relaunched.

“I talked about privatization. I would encourage all the banks to actually come in and help us,” he said.

Pakistan is also working on the outsourcing of Islamabad, Karachi and Lahore airports as well as privatization of power generation and distribution companies.

The South Asian country targets the single B credit rating this year to tap the Euro, US and Chinese bond markets, according to the finance minister. Islamabad plans to issue Chinese Panda bonds this year.

Aurangzeb said his team would engage with the credit rating agency Fitch during the forthcoming spring meetings in Washington.

“There’s a good opportunity that we get back into that so that we can access Euro, US dollar market,” he said.

But, Aurangzeb said, Pakistan would need to make its growth sustainable by increasing exports and productivity to break the recuring boom-and-bust cycle.

“It’s very easy, really easy to get into that trap again and say let’s go for it and that’s where we get into trouble, the imports go haywire, we run out of dollars, we get into a balance of payment problem and we go running back to the lender of the last resort [the IMF],” he said, stressing the need to fundamentally change the “DNA of Pakistan’s debt-ridden fragile economy.”


India’s inevitable win over Pakistan reveals a rivalry running on empty

India’s inevitable win over Pakistan reveals a rivalry running on empty
Updated 24 February 2025
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India’s inevitable win over Pakistan reveals a rivalry running on empty

India’s inevitable win over Pakistan reveals a rivalry running on empty
  • Champions Trophy clash in Dubai showed two teams moving in opposite directions
  • It was not until the 42nd over that a Pakistani batter hit a six, through Khushdil Shah

DUBAI: Living within a stone’s throw of the Dubai International Stadium, I was able to watch and experience how the atmosphere started to build before this eagerly awaited clash between India and Pakistan in the ICC Champions trophy.

More than three hours before the first ball was bowled, the horns started their familiar chorus. The rituals remained unchanged — the early pilgrimage to the stadium, the face paint, the flags. Despite this, something fundamental has changed in cricket’s most politicized rivalry. The match laid this truth bare.

What we witnessed was not a contest between two equals. Although this is still the message pumped out by the marketing machine and broadcasters continue to sell India against Pakistan as the game’s ultimate clash, the reality on the field tells a different story. In 36 C heat, we watched a stark display of two teams moving in opposing directions.

The demographic in the stands told its own story — a drowning sea of blue with mere patches of green. A visual metaphor for the competitive imbalance that has come to define these encounters. Even Pakistan’s supporters, who are usually defiant and vocal in even the toughest of times, sensed the inevitability of what was coming.

The match felt like a formality from the start. Pakistan’s approach was puzzling at best and self-destructive at worst. After losing Babar Azam early on, followed by Imam-ul-Haq, who ran himself out on his return to the team, the innings descended into an exercise of damage limitation. Saud Shakeel and Mohammad Rizwan needed to rebuild yet still try to be positive. It seemed they had a different plan altogether. Their lack of intent was so profound as to be puzzling. If they were trying to provide a basis for a late assault, then what should not happen is for them both to be dismissed in quick succession. This is exactly what happened.

Any hope of a challenging total vanished and Pakistan lost six wickets for 82 in less than 15 overs, setting India a modest total of 242 to chase.

India’s approach was the opposite of Pakistan’s. This brought the crowd alive and, for the first time, it felt that there were people in the stadium.

It was not until the 42nd over that a Pakistani batter hit a six, through Khushdil Shah. Rohit Sharma took only six balls to launch Naseem Shah for six. This was not just a shot, it was a pathological hammer blow, a statement that India no longer regards Pakistan as an equal but just another team to be dispatched.

Shubman Gill, the ICC’s new No. 1 ranked batter, had the crowd in awe of his classical shots, mixed with aggression. Even the Pakistani contingent clapped his majestic cover drives. Then came a vintage Virat Kohli performance. He played simple cricket against the spinners and attacked the seamers, saying afterwards: “I was happy with the template, it’s how I play in ODIs.”

India never left second gear because they never needed to and therein lies the problem. Rivalries require uncertainty. Both teams need to believe that they can win and, more importantly, they need both sets of fans to believe in the possibility of a victory. The Ashes have endured because, even when one team is stronger, the other always has the potential to retaliate. India against Australia captivates because both teams possess the ability to dominate.

India against Pakistan seems to have lost its edge on the field. The political tensions add edge to these encounters, but they can no longer mask the cricketing chasm that has opened up between the teams. We seem to be left with a rivalry running on nostalgia, fueled by memories of Miandad’s last-ball six in 1986 and Tendulkar’s uppercut off Shoaib Aktar’s bowling in 2003. Now, the contests are failing to create new moments worthy of that history.

The empty seats at the start of play would be unthinkable a decade ago for an India-Pakistan match. The crowd never reached its traditional fever pitch for such a match as it has become too one sided and predictable. “Men against boys,” was the sentiment being bandied about in the stands. It is hard to argue with that assessment. India’s victory felt inevitable from the moment Shakeel was caught in the deep. This is not the stuff of which great rivalries are made. They should make your heart race. They should keep you on the edge of your seat. They should make you believe in miracles.

There were no miracles, no edge-of-seat moments, no heart-racing finishes. Just the methodical dismantling of one team by another, executed with clinical efficiency that speaks of a rivalry in name only.

Perhaps it is time to be honest about what India versus Pakistan has become — a historical rivalry whose greatness now resides more in the past than the present. While the political undertones ensure these matches will always carry extra significance, the on-field contest has lost its competitive soul. For this rivalry to reclaim its place at cricket’s summit, Pakistan needs to rediscover its swagger, its intent and, most importantly, its belief. Until then, we are left with echoes of what once was, memories being played out to an increasingly indifferent audience.

The result has put India on the brink of a semi-final and Pakistan on the brink of elimination. Mathematically, there is a chance but, if New Zealand beat Bangladesh, it would mean that Pakistan becomes the first team to be ousted from the tournament, after only two matches. This will be a bitter blow. Pakistan’s return to hosting an ICC tournament will end in deep disappointment, after the high hopes which had built up.

Cricket in Pakistan has been badly buffeted from all angles in recent years. This latest defeat by India will serve only to make life in the eye of the storm even more uncomfortable.


Pakistan reports first locally transmitted case of mpox virus

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