Nawaz smacks record-breaking maiden ton as Pakistan win 3rd NZ T20

Nawaz smacks record-breaking maiden ton as Pakistan win 3rd NZ T20
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Pakistani opening batter plays a shot during the third T20 international cricket match between New Zealand and Pakistan at Eden Park in Auckland, New Zealand, on March 21, 2025. (Pakistan Cricket Board/Facebook)
Nawaz smacks record-breaking maiden ton as Pakistan win 3rd NZ T20
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New Zealand’s Mark Chapman (R) makes a run during the third T20 international cricket match between New Zealand and Pakistan at Eden Park in Auckland, New Zealand, on March 21, 2025. (AFP)
Nawaz smacks record-breaking maiden ton as Pakistan win 3rd NZ T20
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Pakistan’s Abbas Afridi (L) chases the ball as New Zealand’s players Daryl Mitchell (C) and Mark Chapman (R) complete a run during the third T20 international cricket match at Eden Park in Auckland on March 21, 2025. (AFP)
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Nawaz smacks record-breaking maiden ton as Pakistan win 3rd NZ T20

Nawaz smacks record-breaking maiden ton as Pakistan win 3rd NZ T20
  • After scoring a duck in each of the two opening games, Nawaz rebounded with a stunning 105 not out
  • The 23-year-old’s ton came off 44 balls, the fastest by any Pakistan player in a T20 international match

AUCKLAND: Opener Hasan Nawaz struck a record-breaking maiden century Friday as Pakistan crushed New Zealand by nine wickets in the third Twenty20 to keep the series alive.
After scoring a duck in each of the two opening games — the first innings’ of his international career — Nawaz rebounded with a stunning 105 not out in Auckland as the tourists raced to 207-1 in response to New Zealand’s 204.
The 23-year-old’s ton came off 44 balls, the fastest by any Pakistan player in a T20 international.
It ensured his team reached the target with four full overs to spare, in a stark reversal of form after heavy losses in Christchurch and Dunedin.
Nawaz put his early failures behind him with a sparkling knock featuring shots all around the wicket, including a series of audacious ramp shots.
The right-hander peppered the short Eden Park boundaries with 10 fours and seven sixes, bringing up victory with successive fours off Kyle Jamieson in the 16th over.
The first of those shots took Nawaz to 100, five balls faster than the previous Pakistan record-holder — Babar Azam against South Africa in 2021.




Captain of Pakistan’s T20 International team, Salman Ali Agha (R) plays a shot during the third T20 international cricket match between New Zealand and Pakistan at Eden Park in Auckland, New Zealand, on March 21, 2025. (Pakistan Cricket Board/Facebook)

Fellow opener Mohammad Haris scored 41 off 20 while captain Salman Agha was unbeaten on 51 off 31.
Earlier, New Zealand looked well placed after Mark Chapman hit a rapid 94 before they were dismissed in their final over.




New Zealand’s Mark Chapman (R) makes a run during the third T20 international cricket match between New Zealand and Pakistan at Eden Park in Auckland, New Zealand, on March 21, 2025. (AFP)

Chapman dominated after New Zealand were asked to bat, tallying 11 fours and four sixes from just 44 balls faced.

The rest of the home side’s batsmen struggled to get going, aside from captain Michael Bracewell’s 31.




Pakistan’s Abbas Afridi (L) chases the ball as New Zealand’s players Daryl Mitchell (C) and Mark Chapman (R) complete a run during the third T20 international cricket match at Eden Park in Auckland on March 21, 2025. (AFP)

Experienced seamer Haris Rauf bowled Bracewell and finished with Pakistan’s best figures of 3-29.
Game four of the five-match series is in Mount Maunganui on Sunday.


Pakistan approves phasing out of long-term financing to Exim Bank

Pakistan approves phasing out of long-term financing to Exim Bank
Updated 15 min 2 sec ago
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Pakistan approves phasing out of long-term financing to Exim Bank

Pakistan approves phasing out of long-term financing to Exim Bank
  • Export-Import Bank of Pakistan aims to catalyze growth and diversification of the country’s exports and to support the implementation of import-substitution projects
  • It provides a level playing field to Pakistani exporters to compete with international exporters who already rely on their national Export Credit Agencies or EXIM Banks

KARACHI: The Economic Coordination Committee (ECC) of Pakistan’s federal cabinet has approved the phasing out of long-term financing to the country’s Export-Import Bank of Pakistan, or Exim Bank, the Finance Division said on Friday.
The statement came after Finance Minister Muhammad Aurangzeb presided over a meeting of the ECC to review proposals and summaries with regard to various departments and ministries.
Among other agenda items, the forum discussed a summary presented by the Finance Division regarding the phasing out of the State Bank of Pakistan’s long-term financing facility (LTFF) to Exim Bank.
“The ECC decided that the SBP’s LTFF portfolio of PKR 330 billion would be phased out to the Exim Bank, with an allocation of PKR 1.001 billion through a Technical Supplementary Grant to meet the LTFF subsidy requirement for the new portfolio for FY 2025,” the Finance Division said.
EXIM Bank of Pakistan’s mandate is to catalyze the growth and diversification of the country’s exports and to support the implementation of import-substitution projects. It provides a level playing field to Pakistani exporters to compete with international exporters who already rely on their national Export Credit Agencies or EXIM Banks.
EXIM Bank of Pakistan meets its requirements by providing credit, insurance and lending products, designed to enhance the overall credit risk appetite in Pakistan. It also supports the implementation of manufacturing facilities and infrastructure projects in Pakistan to facilitate import substitution, saving the drain of valuable foreign exchange from Pakistan.
Pakistan’s Prime Minister Shehbaz Sharif has repeatedly said his government is prioritizing exports to ensure sustainable economic growth for the country’s fragile $350 billion economy. Sharif has recently said his government aims to increase Pakistan’s exports to $60 billion in five years.
The South Asian country is trying to stabilize its economy through sustainable reforms agreed with the International Monetary Fund (IMF) in exchange for a financial bailout program.


Pakistani tech firm launches first ‘home grown’ GPT platform

Pakistani tech firm launches first ‘home grown’ GPT platform
Updated 30 min 39 sec ago
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Pakistani tech firm launches first ‘home grown’ GPT platform

Pakistani tech firm launches first ‘home grown’ GPT platform
  • Zahanat AI is a text-based generative AI model that enables users to engage in human-like conversations, answer queries, and assist in various domains
  • Its key differentiator is its hosting and local training on Pakistani culture and localized issues, which makes it equipped to address regional challenges

ISLAMABAD: Pakistani tech firm Data Vault has launched the country’s first “home grown” generative pre-trained transformer (GPT) platform, ‘Zahanat AI,’ the company announced on Thursday, marking a significant development on Pakistan’s artificial intelligence (AI) landscape.
Zahanat AI is a text-based generative AI model that enables users to engage in human-like conversations, answer queries, and assist in various domains, according to Data Vault. The initiative aims to enhance Pakistan’s AI capabilities with locally trained models, which have been designed to fulfill regional needs.
“The problems and solution it will be providing will be according to our [Pakistani] culture and environment. So you can say it’s a local model,” Syed Muhammad Yahya, Chief Technology Officer (CTO) of Data Vault, told Arab News at the AI model’s launch at an event in Islamabad.

Officials pose for a group photo at the inauguration ceremony of Pakistan’s first “home-grown” generative pre-trained transformer (GPT) platform, ‘Zahanat AI,’ in Islamabad, Pakistan, on March 20, 2025. (AN Photo)

Generative AI refers to systems capable of creating content such as text, graphics, images, audio or video. Large Language Models (LLMs), like ChatGPT, DeepSeek and Meta-AI, are trained on large datasets to understand and generate human-like text.
Zahanat AI is a text-based generative AI model that enables users to engage in human-like conversations, answer queries and assist in various domains. The model supports English, Urdu and local languages, with plans to expand its linguistic range.
“It’s basically a general model which deals with health care, mathematics, coding, different problems, history [related queries],” the Data Vault CTO said.
The key differentiator is its hosting and local training on Pakistani culture and localized issues, which makes it equipped to address regional challenges.
“This is hosted inside Pakistan,” Yahya said. “The problems and solution it will be providing will be according to our [Pakistani] culture and environment. So you can say it’s a local model.”
Privately funded through friends and family, Zahanat AI is built on Meta’s Large Language Model Architecture (LLaMA), with 1.5 billion parameters and follows an open-source approach similar to DeepSeek.
“The development time, took around six to eight months, and we did a multi-GPU architecture [with] a stack of 12-15 GPUs,” the CTO explained.
The GPT platform is currently offering limited access only within Pakistan and Data Vault plans to soon launch its mobile application. The development comes as Pakistan moves to finalize its first AI policy, with plans to foster innovation through public-private partnerships.
“Our AI policy [is] very liberal. It actually promotes the local ecosystem [and] local entrepreneurs,” Dr. Aneel Salman, who is overseeing the upcoming National Artificial Intelligence Policy.
“In the short run, maybe after Eid or in one month’s time, we are going to have our first policy of AI.”
Dr. Salman underscored that foreign AI models posed “cybersecurity risks.”
“It’s not something new for the world to have these GPTs. We already have ChatGPT, we already have DeepSeek and other AI models which are working in terms of solving the queries,” he said.
“When I am uploading my information, it is going in their algorithms. So you don’t know how that document will later be deciphered.”
At the launch, the organizer demonstrated web application of Zahanat AI by responding to queries relating to health care and mathematics, however, the GPT model’s response to a query about freelancing trainer Hisham Sarwar, who was present at the launching event, initially lacked specific details and later contained inaccuracies.

Organizers demonstrate the web application of Zahanat AI Pakistan’s first “home-grown” generative pre-trained transformer (GPT) platform, during its inauguration ceremony in Islamabad, Pakistan, on March 20, 2025. (AN Photo)

Dr. Salman acknowledged these limitations.
“When ChatGPT came first, it also had its problems. When DeepSeek came, it also had problems during testing,” he said. “I’m not saying that Zahanat [AI] is going to be a perfect product. If there are problems in it, then your Z1, Z2, Z3 models will come.”
Despite the breakthrough, experts believe public adoption is crucial for the Pakistani GPT model.
“If we want to prevent them [Zahanat AI] from losing like we’ve seen with some previous initiatives, what we need to do is that we use more of their technology,” said Prof. Dr. Yasar Ayaz, chairman of the National Center of Artificial Intelligence (NCAI).
“Companies like Zahanat AI need to come in contact with innovators, for example, who are working in different R&D setups in Pakistan, to jointly develop groundbreaking stuff which can actually revolutionize the AI game in Pakistan.”


PM Sharif invites Saudi investors to Pakistan, offers business facilitation during visit to Kingdom

PM Sharif invites Saudi investors to Pakistan, offers business facilitation during visit to Kingdom
Updated 45 min 53 sec ago
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PM Sharif invites Saudi investors to Pakistan, offers business facilitation during visit to Kingdom

PM Sharif invites Saudi investors to Pakistan, offers business facilitation during visit to Kingdom
  • Pakistan has tried to strengthened business-to-business relations with Kingdom of Saudi Arabia in recent years
  • Both sides announced in Oct. they had signed 34 memorandums of understanding and agreements worth $2.8 billion

ISLAMABAD: Prime Minister Shehbaz Sharif has invited Saudi businessperson to invest in Pakistan and offered to facilitate them in setting up businesses in the South Asian country, Sharif’s office said on Thursday.
The statement came after Sharif’s meeting with Saudi Investment Minister Khalid Al-Falih and Mohammad Al-Tuwaijri, head of the Joint Task Force for Economic Engagement, during the Pakistan premier’s visit to the Kingdom.
Pakistan has tried to strengthened business-to-business (B2B) relations with Saudi Arabia, with both sides announcing in last Oct. they had signed 34 memorandums of understanding and agreements worth $2.8 billion.
Discussions in Thursday’s meeting focused on strengthening economic cooperation, attracting Saudi investments, and expediting joint initiatives in key sectors, according to Pakistan PM’s office.
“The PM reaffirmed Pakistan’s commitment to facilitating Saudi investors, highlighting the country’s strategic position and investment-friendly policies,” Sharif’s office said in a statement.
“He emphasized Pakistan’s vast potential in energy, infrastructure, agriculture and technology, inviting Saudi businesses to explore opportunities under the Special Investment Facilitation Council (SIFC).”
The Saudi investment minister expressed the Kingdom’s “strong interest” in deepening economic ties with Pakistan, according to the statement.
“They discussed enhancing institutional collaboration to accelerate investment projects and ensure their smooth implementation,” it said.
“Both sides agreed to further strengthen the Pakistan-Saudi economic partnership through structured engagements and swift execution of joint projects.”
Later, Sharif also visited the Prophet’s Mosque in Madinah along with his delegation.

Pakistan’s Prime Minister Shehbaz Sharif (centre) offers prayer at Prophet’s Mosque in Madinah, Saudi Arabia, on March 20, 2025. (PID)


Sharif is on a four-day visit to the Kingdom to strengthen trade and investment ties. The two countries enjoy close defense, diplomatic, political and cultural relations, though they have further consolidated their relations in recent years as Pakistan grappled with a prolonged economic crisis and sought the kingdom’s help.
The Kingdom is also home to more than two million Pakistani expatriates and serves as the top source of remittances.


Pakistan foreign direct investment declined 45% in Feb year on year, data shows

Pakistan foreign direct investment declined 45% in Feb year on year, data shows
Updated 21 March 2025
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Pakistan foreign direct investment declined 45% in Feb year on year, data shows

Pakistan foreign direct investment declined 45% in Feb year on year, data shows
  • Pakistan received $95 million FDI inflows last month, compared to $172 million in Feb. 2024
  • Overseas chamber says multinational companies leaving Pakistan due to ‘inconsistent policies’

KARACHI: Pakistan’s foreign direct investment (FDI) witnessed a slump of 45 percent in the month of February, the CEO of the Overseas Investors Chambers of Commerce & Industry (OICCI) said on Thursday, pointing to reluctance of investors to park their money in a country where “policies remain mostly inconsistent and businesses over-regulated.”
Pakistan’s government is working hard to convince foreign countries, including China, Saudi Arabia and United Arab Emirates as well as multinational firms, to invest in its mineral, agriculture, information technology and other sectors under the banner of the Special Investment Facilitation Council (SIFC), a civil-military forum.
The South Asian country of more than 240 million people, however, could only attract $95 million FDI in February compared with $172 million in the same month last year, according to the State Bank of Pakistan (SBP) data. Pakistan’s total FDI inflows in the first eight months of this fiscal year (Jun. 2024-Feb. 2025) stood at $1.62 billion.
“We lack consistency in our policies. Though political uncertainty is also important, policies that keep facing sudden changes, matter more,” said M. Abdul Aleem, chief executive officer of the Overseas Investors Chambers of Commerce & Industry (OICCI), told Arab News.
The OICCI is the oldest chambers of South Asia which represents more than 200 multinational companies operating in Pakistan. Some of its prominent members include Citibank N.A., Coca-Cola Beverages Pakistan Ltd., Akzo Nobel Pakistan Ltd., Toyota’s Pakistan unit Indus Motor Company Ltd., Mitsubishi Motors Corporation and Maersk Pakistan (Pvt.) Ltd.
In the past decade, Aleem said, his chamber had reinvested more than $22 billion in Pakistan, compared with $19.8 billion the country attracted on account of FDI from new projects, including the China-Pakistan Economic Corridor (CPEC).
“About 100 billion rupees of tax refunds of our member companies are stuck (with the government),” said the OICCI official, who has an extensive portfolio of leadership positions in Exxon Chemicals, Engro Corporation and the British American Tobacco Group UK.
Pakistan saw the departure of some large multinational companies in recent years.
TotalEnergies sold its 50% shareholding in Total PARCO Pakistan Limited to commodities giant Gunvor Group last year in August, while Shell Petroleum Company Limited signed an agreement with Wafi Energy LLC of Saudi Arabia to sell its majority stake in the Pakistan business in Nov. 2023.
“You saw some oil companies leaving Pakistan recently. Shell left, Total Parco left. They left because of all these factors that kept building up for years,” Aleem said.
“Many pharmaceutical companies shrank their businesses in Pakistan after the government started controlling the prices of medicines,” he said, without naming the firms.
Aleem cited Pakistan’s recently introduced refinery policy as an example that was “hurting” investor sentiment as a sudden change in the relevant tax laws made the deal “unviable” for companies.
“The foreign investors look at all these things and get upset. Good or bad you make a policy at once and do not change it,” he explained.
Pakistan faces a balance of payment crisis time and again and should therefore incentivize exports-oriented businesses that could invest their money in the country and export what they produce, according to the OICCI official.
“IT was one such area where the potential was very high. But then you see what sort of problems the Internet speed is facing,” he said.
Pakistan, a country of over 240 million, has witnessed up to 40% drop in Internet speeds in the last few months, according to the Wireless and Internet Service Providers Association of Pakistan (WISPAP). The drop came as the government last year moved to implement a nationwide firewall to block malicious content and protect government networks from cyberattacks, with IT associations saying the slowdowns have resulted in significant losses.
The OICCI secretary general said the government should activate the Board of Investment (BoI) to facilitate foreign investors through a one-window operation.
“The SIFC must be doing a good job but it is the Board of Investment’s job. If a foreign investor would deal with the army what impression would he get,” he said.
Pakistan constituted the SIFC, a civil-military body, in June 2023 to attract international investment in agriculture, energy, livestock, tourism, mining and minerals, and other priority sectors, amid an economic meltdown. The South Asian country averted a default that year, thanks to a $3 billion International Monetary Fund (IMF) program, and is currently navigating a path to economic recovery under another $7 billion IMF bailout.
Last week, Pakistan’s finance adviser Khurram Schehzad said the government was actively working to attract efficient, export-driven FDI to strengthen Pakistan’s economic foundation. But the country’s volatile security situation and the cash-strapped government’s revision of mid-stream unilateral contracts are further deteriorating the situation.
Kaiser Bengali, a Karachi-based development economist, said the SIFC was an ad hoc body which was working without having any “constitutional basis.”
“It is here today, gone tomorrow. Investors need certainty,” he said.
Bengali said Pakistan’s macroeconomic framework over the last four decades was geared to promote wealth generation via speculation in the stock market, real estate and under-invoicing of imports, rather than investment in productive sectors like manufacturing.
“Thus, foreign funds flow as short-term portfolio investment,” he said. “Thus, there is little incentive for serious FDI.”


Army captain, ten militants killed in gunfight in Pakistan’s restive northwest

Army captain, ten militants killed in gunfight in Pakistan’s restive northwest
Updated 21 March 2025
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Army captain, ten militants killed in gunfight in Pakistan’s restive northwest

Army captain, ten militants killed in gunfight in Pakistan’s restive northwest
  • The gunfight took place during an intelligence-based operation in the Dera Ismail Khan district in Pakistan’s Khyber Pakhtunkhwa province
  • Pakistan has struggled to contain a surge in militancy in KP since a fragile truce between Pakistani Taliban, Islamabad broke down in 2022

ISLAMABAD: A Pakistani army captain and ten militants were killed in a gunfight in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province, the Pakistani military said on Friday, in the latest incident of militant violence in the region.
The gunfight took place during an intelligence-based operation in KP’s Dera Ismail Khan district, according to the Inter-Services Public Relations (ISPR), the Pakistani military’s media wing.
The slain officer was identified as Captain Husnain Akhtar, while the dead militants were described as “Khwarij,” a phrase authorities use for the Pakistani Taliban, or the Tehreek-e-Taliban Pakistan (TTP).
“During the operation, weapons and ammunition were also recovered from the killed khwarij, who remained actively involved in numerous terrorist activities against the Law Enforcement Agencies as well as target killing of innocent civilians,” the ISPR said in a statement.
“Sanitization operation is being conducted to eliminate any other Kharji found in the area, as the security forces of Pakistan are determined to wipe out the menace of terrorism from the country and such sacrifices of our brave young officers further strengthen our resolve.”
Pakistan has struggled to contain a surge in militancy in KP since a fragile truce between the Pakistani Taliban and Islamabad broke down in November 2022. The TTP and other militant groups have frequently targeted security forces convoys and check-posts, besides targeted killings and kidnappings of law enforcers and government officials in recent months.
Earlier this month, a paramilitary troop and 12 militants were killed in a gunbattle in KP’s Tank district after the militants carried out a suicide attack at the Frontier Constabulary (FC) headquarters, a police official with direct knowledge of the development said.
Pakistan says the takeover of Kabul by the Afghan Taliban in 2021 has emboldened the TTP as it is able to operate out of and launch attacks from safe havens in neighboring Afghanistan. Kabul denies the allegation.