Pakistan to investigate alleged visit of journalists to Israel, says ‘no question’ of recognizing Tel Aviv

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Updated 21 March 2025
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Pakistan to investigate alleged visit of journalists to Israel, says ‘no question’ of recognizing Tel Aviv

Pakistan to investigate alleged visit of journalists to Israel, says ‘no question’ of recognizing Tel Aviv
  • Israeli newspaper reported this week 10-member Pakistani delegation visited Israel for a week
  • Foreign office says has no knowledge of delegation members and what passports they were traveling on

ISLAMABAD: The Pakistani Foreign Office said on Thursday there was no change in the country’s position that it did not recognize Israel, adding that officials were gathering information on an alleged visit to Israel by a local delegation of journalists and influencers. 

A media report by the Israeli newspaper Israel Hayom said on Wednesday a 10-member Pakistani delegation of journalists, intellectuals and influencers had visited Israel for a week.

Pakistan does not recognize the state of Israel, and its passport explicitly states that it cannot be used for travel to the country. Islamabad has repeatedly called for an independent Palestinian state based on “internationally agreed parameters” and pre-1967 borders with Al-Quds Al-Sharif as its capital. 

“As far as Pakistan’s position is concerned, it’s very unambiguous,” Pakistan foreign office spokesperson Shafqat Ali Khan told reporters at a weekly media briefing in Islamabad.

“There is no question of a change in Pakistan’s position on the question of recognition of Israel or on the question of Palestine or Israel or on the question of Palestine or the Arab-Israel problems.”

Responding to a question on the reported visit of the Pakistani delegation, the spokesperson said the trip had nothing to do with the foreign ministry or government.

“We are gathering information and when we have a clearer picture, we will be able to comment on that,” he added. 

“We don’t know who was there [Israel] and what kind of passport they were carrying, maybe they were dual nationalities.”

The Hayom newspaper report said the ten Pakistani journalists and researchers, including two women, arrived in Israel last Monday and carried passports declaring their invalidity for travel to Israel. 

“Despite this, they bravely accepted an invitation from Sharaka, an organization working to strengthen relations between Israel and South Asian countries,” the report said. 

“To protect the delegation members, their passports were not stamped, and publication of their visit was delayed until they returned safely home.”

RESUMPTION OF GAZA WAR

Commenting on Israel resuming its bombing campaign and ground operations in Gaza, the FO spokesman said Pakistan “unequivocally condemned” the assault in the occupied West Bank and Gaza, calling it a “blatant violation of the ceasefire agreement [signed in January].”

Tuesday’s first day of resumed airstrikes killed more than 400 Palestinians, one of the deadliest days of the war. At least 510 Palestinians have been killed in the past three days, more than half of them women and children, Khalil Al-Deqran, the spokesperson of Gaza’s health ministry told Reuters.

The surprise bombardment has threatened to fully reignite the 17-month-old war, with Israeli officials saying the operation was expected to expand.

“Israel’s airstrikes and raids are a flagrant violation of the ceasefire agreement; international humanitarian law; the UN Charter, and hampers the confidence and faith in the global community and international law,” Khan added.

“We also call on the international community to increase its efforts to end Israel’s genocidal campaign against the innocent people of Palestine. We call for accountability of Israeli crimes committed in this brutal war, as a crucial step toward restoring international legitimacy.”


Pakistan’s textile industry looks to ‘grab business’ amid US-China tariff escalation

Pakistan’s textile industry looks to ‘grab business’ amid US-China tariff escalation
Updated 34 sec ago
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Pakistan’s textile industry looks to ‘grab business’ amid US-China tariff escalation

Pakistan’s textile industry looks to ‘grab business’ amid US-China tariff escalation
  • Textile sector in Pakistan generates about $17 billion in exports and is the largest employer in the country
  • Pakistan’s textile industry is expected to face potential losses of up to $2 billion in textile exports under new tariffs

ISLAMABAD: Pakistan’s textile sector is looking at opportunities to “grab business” as the US and China steadily hiked tariffs amid an escalating trade war, the head of the country’s textile council said this week. 
The textile sector in Pakistan generates about $17 billion in exports and is the largest employer in the country, according to Fawad Anwar, Chairman of the Pakistan Textile Council.
“There is an opportunity to grab (business) from China. How well we can do that, that depends on how well we can sit on the table and negotiate,” said Anwar, who spoke to Reuters hours before US President Donald Trump temporarily paused hefty tariffs on dozens of countries for 90 days, except for China.
Pakistan would have been slapped with a 29 percent tariff rate before Trump’s turnabout on Wednesday. A 10 percent blanket duty on almost all US imports will remain in effect, the White House said.
Trump also hiked the tariff on Chinese imports to 125 percent from the 104 percent level that kicked in on Wednesday.
Previously, Beijing had slapped 84 percent tariffs on US imports to match an earlier tariff salvo from Trump and had vowed to “fight to the end” in an escalating tit-for-tat trade dispute between the world’s top two economies.
“This is a war between the two giants, and everything else is a collateral damage,” said Anwar.
Pakistan’s textile industry is expected to face significant challenges from the tariffs with potential losses of up to $2 billion in textile exports estimated by experts, if the 29 percent tariff rate is reinstated after Trump’s 90-day pause ends.
For Pakistan’s textile industry’s Anwar, the levy hike is a short term issue which ‘has to be resolved’.
“They cannot sustain this 29 percent, the US retailer or the US consumer… nobody can sustain this big of a percentage increase,” said Anwar.


Pakistan hopeful over success of June conference on settling Israel-Palestine conflict

Pakistan hopeful over success of June conference on settling Israel-Palestine conflict
Updated 5 min 15 sec ago
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Pakistan hopeful over success of June conference on settling Israel-Palestine conflict

Pakistan hopeful over success of June conference on settling Israel-Palestine conflict
  • Commends France and Saudi Arabia for co-chairing preparatory consultations for June 2025 UN Conference
  • Pakistan has for decades called for establishment of independent Palestinian state based on pre-1967 borders

ISLAMABAD: Pakistan has expressed hope over the success of a UN conference in New York in June on settling the Israeli-Palestinian conflict and implementing a two-state solution, the foreign office said on Thursday. 

Pakistan, which does not recognize Israel, has for decades called for the establishment of an independent Palestinian state based on pre-1967 borders, with Al-Quds Al-Sharif as its capital.

“Pakistan reaffirms full support to the upcoming high-level international conference for the peaceful settlement of the Question of Palestine and the implementation of a two-state solution,” Foreign Office Spokesperson Shafqat Ali Khan said at a weekly media briefing.

“We commend France and the Kingdom of Saudi Arabia for co-chairing the preparatory consultations for the June 2025 Conference.”

Khan said Pakistan hoped the June Conference would restore hope in peace and justice through meaningful action. 

“We believe that in the lead-up to the Conference: The ceasefire must be fully implemented; the blockade on Gaza must be lifted; humanitarian access must be guaranteed; civilians and humanitarian personnel must be protected. Any attempt to forcibly displace Palestinians or annex their land must be unequivocally rejected and effectively prevented.”

The statement came as French President Emmanuel Macron said on Wednesday France could recognize a Palestinian state at the upcoming UN conference, adding that in turn some countries in the Middle East could recognize the state of Israel. 

The Palestinian Authority welcomed Macron’s statement as “a step in the right direction.”

Although nearly 150 countries have recognized Palestine statehood, most major Western powers including the United States, Britain, France, Germany and Japan, have not. 

Muslim countries that do not recognize Israel include Saudi Arabia, Iran, Iraq, Syria and Yemen.


Campaign on women’s inheritance wins Pakistani microfinance bank silver at Dubai awards

Campaign on women’s inheritance wins Pakistani microfinance bank silver at Dubai awards
Updated 10 April 2025
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Campaign on women’s inheritance wins Pakistani microfinance bank silver at Dubai awards

Campaign on women’s inheritance wins Pakistani microfinance bank silver at Dubai awards
  • Campaign puts spotlight on systemic denial of inheritance share for women in Pakistan
  • Dubai Lynx Awards is MENA’s premier platform for celebrating communications, marketing

KARACHI: Pakistan’s leading digital microfinance institution, Mobilink Bank, has won silver for its ‘Invisible Heirs’ campaign at the prestigious Dubai Lynx Awards 2025, the MENA region’s biggest creative and marketing event, the financial institute said on Thursday.
Mobilink Bank’s campaign excelled in the ‘Creative Strategy Corporate Purpose & Social Responsibility’ category for “elevating consciousness against the systemic denial of inheritance share for most women in Pakistan.”
The campaign tackles gender-based financial inequality to foster financial autonomy for women. 
The campaign featured a video narrative highlighting women’s emotional and societal challenges in securing their inheritance, which sparked a nationwide conversation and inspiring action. 
The bank also innovatively integrated an ‘Inheritance Calculator’ in its mobile app to allow women to easily calculate their rightful share in inheritance. 
“Being recognized at the biggest marketing event in the MENA region refuels our passion to work more vigorously toward women’s long-term financial liberation,” Haaris Mahmood Chaudhary, president and CEO of Mobilink Bank, said.
“Mobilink Bank empowers women to overcome deeply rooted social challenges through future-ready digital innovation and strong social advocacy. We believe the campaign’s recognition will translate into solid gains toward the social cause closest to our hearts.”
The Dubai Lynx Awards are the Middle East and North Africa region’s premier platform for celebrating excellence in creative communications, marketing and advertising. 
Held annually in Dubai, the event brings together top agencies, brands, and creative minds from across the region to showcase ideas that drive business results and positive change.


Pakistan unveils first-ever policy to regulate digital assets in line with FATF guidelines

Pakistan unveils first-ever policy to regulate digital assets in line with FATF guidelines
Updated 10 April 2025
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Pakistan unveils first-ever policy to regulate digital assets in line with FATF guidelines

Pakistan unveils first-ever policy to regulate digital assets in line with FATF guidelines
  • New policy will set rules for the operation of digital currencies and related companies in Pakistan
  • Pakistan Crypto Council was established in March to create legal framework for digital currencies

ISLAMABAD: Pakistan has introduced its first-ever policy framework to regulate virtual assets and service providers, aligning with compliance and financial integrity guidelines of the global Financial Action Task Force (FATF), the country’s top investigation agency said on Thursday.
The new policy, created by a special government group under the Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF) authority, is meant to set rules for how digital money like cryptocurrencies and the companies that deal in it should operate in Pakistan.
The move follows the establishment of the Pakistan Crypto Council last month to create a legal framework to create a legal framework for cryptocurrency trading in a bid to lure international investment. 
Cryptocurrencies including bitcoin are not officially regulated in Pakistan but are also not illegal or banned. As of Jan. 16, 2021, the State Bank of Pakistan has not authorized any individuals or organizations to carry out the sale, purchase, exchange, and investment of virtual currencies, coins, and tokens.
“Pakistan has formulated its first-ever comprehensive policy framework for the regulation of Virtual Assets and Virtual Asset Service Providers,” the Federal Investigation Agency (FIA) said in a statement. 
The policy will be scrutinized by stakeholders and legislative proceedings before being implemented in phases from next year.
The policy aims to curb money laundering, terrorism financing, financial instability and the potentials of blockchain-based finance and also provide space for innovation and develop institutional expertise. 
“This is a paradigm shift in how Pakistan views digital finance,” FIA Director Sumera Azam was quoted in the statement as saying. “The policy proposal seeks to strike a historic balance between technological advancement and national security imperatives.”
She added that the framework aligned with FATF Recommendation 15 on compliance and financial integrity.
FATF Recommendation 15, titled “New Technologies,” ensures that AML and CFT frameworks are adaptable to emerging financial technologies, including virtual assets and virtual asset service providers.


Pakistan markets rebound as Trump makes tariff U-turn

Pakistan markets rebound as Trump makes tariff U-turn
Updated 10 April 2025
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Pakistan markets rebound as Trump makes tariff U-turn

Pakistan markets rebound as Trump makes tariff U-turn
  • US President Donald Trump has announced a 90-day delay in tariffs
  • KSE-100 Index surged by over 2,036 points following the announcement

KARACHI: Pakistan’s stock market bounced back on Thursday after US President Donald Trump announced a 90-day delay in tariffs, analysts said. 
The KSE-100 Index surged by over 2,036 points (1.75 percent), following the announcement.
On Wednesday (April 9), the KSE-100 Index had dropped 5 percent, leading to a 45-minute halt in trading.
Zafar Moti, CEO of Zafar Moti Capital Securities, said the decision helped calm investors, while Ahsan Mehanti, Managing Director and CEO of Arif Habib Group, said the pause in tariffs was seen as good news by investors.
“The Pakistan Stock Exchange closed on a positive note,” Topline Securities said in its daily market review.
“This upward trajectory was fueled by a strong rebound in US and other international equity markets, with the index rallying as much as 3,331 points during intraday trading.”