Pakistan ratifies WTO agreement on fisheries subsidies, first on ocean sustainability

Pakistan ratifies WTO agreement on fisheries subsidies, first on ocean sustainability
A logo is seen at the World Trade Organization (WTO) headquarters before a news conference in Geneva, Switzerland, October 5, 2022. (Reuters/File)
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Updated 21 min 19 sec ago
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Pakistan ratifies WTO agreement on fisheries subsidies, first on ocean sustainability

Pakistan ratifies WTO agreement on fisheries subsidies, first on ocean sustainability
  • Agreement prohibits subsidies contributing to illegal, unreported, unregulated fishing, overfishing and fishing on unregulated high seas
  • 94 WTO members have formally accepted the agreement, 17 more formal acceptances are needed for the agreement to come into effect

ISLAMABAD: Pakistan this week accepted the World Trade Organization’s Agreement on Fisheries Subsidies, the first WTO agreement with an environmental objective at its core, prohibiting subsidies that contribute to illegal, unreported, and unregulated (IUU) fishing, overfishing, and fishing on the unregulated high seas. 

The Agreement on Fisheries Subsidies was adopted by the WTO in June 2022. Pakistan, with its extensive coastline along the Arabian Sea, relies heavily on fisheries for food security, employment and exports. However, the sector faces challenges due to overfishing, lack of regulation and inadequate infrastructure. The country provides subsidies to support small-scale fishers including fuel subsidies, tax exemptions and financial aid. 

Pakistan’s instrument of acceptance brings to 94 the total number of WTO members that have formally accepted the agreement. Seventeen more formal acceptances are needed for the agreement to come into effect. The agreement will enter into force upon acceptance by two-thirds of the membership.

“Pakistan deposited its instrument of acceptance of the Agreement on Fisheries Subsidies on Mar. 20,” the WTO said in a statement on Thursday. “Ambassador Ali Sarfraz Hussain presented Pakistan’s instrument of acceptance to Director-General Ngozi Okonjo-Iweala.”

Iweala said the move was a vital step toward ensuring long-term sustainability of global marine resources while safeguarding the livelihoods of millions dependent on healthy fisheries.

“By joining this collective effort, Pakistan demonstrates its commitment to its coastal communities and the environment, and it becomes eligible for resources from our Fish Fund,” she said. “I encourage the remaining WTO members to swiftly follow suit – we need only 17 more.”

Hussain said the depositing of the instrument of ratification reflected the government’s commitment to safeguard marine resources.

“We recognize the critical role that this agreement can play in curbing harmful fishing practices and in ensuring the long-term health of our oceans,” the report quoted the ambassador as saying. “We urge all WTO members to join us in this essential global effort.”

With the adoption of the agreement, Pakistan must now align its policies to restrict harmful subsidies while ensuring support for sustainable fishing practices. Strengthening fisheries management, enforcing regulations and investing in marine conservation will be key to balancing economic and environmental priorities, experts say. 
 


Pakistan on path to recovery in polio fight after last year’s surge, officials tell donors

Pakistan on path to recovery in polio fight after last year’s surge, officials tell donors
Updated 24 sec ago
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Pakistan on path to recovery in polio fight after last year’s surge, officials tell donors

Pakistan on path to recovery in polio fight after last year’s surge, officials tell donors
  • Pakistan reported 74 polio cases in 2024, with six children diagnosed with the virus so far this year
  • Pakistani officials say they are closely working with provinces and partners to eradicate the disease

ISLAMABAD: Pakistani authorities working to eradicate polio expressed cautious optimism this week, telling donors that the country was on the path to recovery after recording alarmingly high case numbers last year, thanks to closer coordination with provinces and international partners.
Polio is a crippling disease with no cure, and multiple doses of the oral polio vaccine, along with timely completion of routine immunization for children under five, are essential to building protection against the virus.
Pakistan reported 74 polio cases in 2024. So far, six children have been diagnosed with the virus in the first three months of this year. The government has planned several nationwide immunization campaigns in 2025 to address immunity gaps.
“We are on road to recovery but not yet there,” Muhammad Anwarul Haq, a senior official at the National Emergency Operations Center (NEOC), said during the briefing, according to a social media post by the center on Thursday.
“Working closely with provinces and partners, we will optimize gains from national campaigns scheduled in April and May besides improving essential immunization coverage in key pockets of concern,” he added.
Prime Minister’s Focal Person for Polio Eradication, Ayesha Raza Farooq, thanked donors for their sustained commitment to a polio-free world and acknowledged both the program’s progress and the hurdles that remain.
She urged continued efforts to close remaining immunity gaps swiftly to interrupt transmission in 2025.
Pakistan’s polio eradication program was launched in 1994, but progress has been hampered by persistent vaccine misinformation and resistance from conservative clerics who claim immunization is a foreign conspiracy. Militant violence has also targeted polio workers in parts of the country.
The donor briefing was attended by representatives of several international entities, including UNICEF, the World Health Organization, Gates Foundation and Islamic Development Bank.


Pakistan stocks record 2.5% weekly gains on hopes of favorable IMF review

Pakistan stocks record 2.5% weekly gains on hopes of favorable IMF review
Updated 58 min 30 sec ago
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Pakistan stocks record 2.5% weekly gains on hopes of favorable IMF review

Pakistan stocks record 2.5% weekly gains on hopes of favorable IMF review
  • Pakistan, currently bolstered by a $7 billion facility from the IMF granted in September, is navigating an economic recovery path
  • The country’s current account deficit for Feb. coming in at $12 million and T-Bill where participation of Rs1,575 billion was seen

ISLAMABAD: Pakistan’s stock market recorded more than 2 percent weekly gains as it closed the weekend trading session gains on Friday, a Karachi-based securities firm said, attributing it to positive developments regarding Pakistan’s $7 billion International Monetary Fund (IMF) program.
While the benchmark KSE-100 index shed 327 points on Friday to close at 119,405 points, it witnessed a 2.5 percent growth in its volume during the week.
“This gain can be attributed to buying by mutual funds on favorable IMF program review, government’s efforts to resolve circular debt, lower electricity prices and rebound in cement prices,” Topline Securities said in its weekly review.
The Washington-based lender put all speculation about its negotiations with Islamabad to an end, when its mission chief, Nathan Porter, said last week the two sides had made “significant progress” toward reaching an accord.
The South Asian country, currently bolstered by a $7 billion facility from the IMF granted in September, is navigating an economic recovery path.
Other developments during the outgoing week were Pakistan’s current account deficit for Feb. coming in at $12 million and the T-Bill where participation of Rs1,575 billion was seen, with government raising Rs392 billion as against target of Rs800 billion.
“Increase in investor participation was observed during the week as average daily traded volume and value stood at 508 million shares (up by 51% WoW) and Rs31.5 billion (up by 43% WoW) respectively.


Pakistani journalist faces court over ‘anti-state’ posts

Pakistani journalist faces court over ‘anti-state’ posts
Updated 21 March 2025
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Pakistani journalist faces court over ‘anti-state’ posts

Pakistani journalist faces court over ‘anti-state’ posts
  • Farhan Mallick, head of the Raftar channel, was remanded in custody for three days, his media outlet reported on X
  • He was detained under a law targeting people ‘intentionally disseminating’ information that is ‘fake or likely to spread fear’

ISLAMABAD: The founder of a Pakistani Internet media channel appeared in court on Friday on charges of “anti-state posts and fake news” under toughened legislation targeting online content.
Farhan Mallick, head of the Raftar channel, was remanded in custody for three days, his media outlet reported on social media platform X.
The charge sheet seen by AFP shows he was detained under a revised law targeting people “intentionally disseminating” information that is “fake or likely to spread fear.”
The revised legislation carries a prison term of up to three years and prompted journalist protests when it was approved in January.
“At this stage, no concrete evidence has been presented to substantiate the anti-state allegations against Mr.Mallick or Raftar,” read an online statement by the channel, which primarily publishes podcasts and analyzes of current affairs.
Several of Raftar’s videos have amassed more than a million views in recent years and examine the role of Pakistan’s powerful military, which analysts say is deeply involved in the country’s politics and economy.
Mallick was arrested by the Federal Investigation Agency, which deals with cybercrime, on Thursday.
The independent Human Rights Commission of Pakistan subsequently called on authorities to “check the overreach of agencies... and uphold the right to freedom of expression.”
The criminalization of online disinformation has spread fear in Pakistan, with journalists among those worried about the potentially wide reach of the law.
“Amendments are being brought in specifically to quell dissent, to abduct, arrest, and detain journalists, and to silence journalism, silence dissent, and silence all criticism of the state,” human rights lawyer Imaan Mazari told AFP.
Pakistan is ranked 152 out of 180 countries in a press freedom index compiled by Reporters Without Borders.
Islamabad has long been criticized by watchdogs for restricting Internet access, including temporary bans on YouTube and TikTok, while X is officially blocked.


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

Pakistan approves phasing out of long-term financing to Exim Bank
Updated 21 March 2025
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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 21 March 2025
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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.”