Azerbaijan economy minister to visit Pakistan next week to finalize key investment deals

Azerbaijan economy minister to visit Pakistan next week to finalize key investment deals
Azerbaijan Minister of Economy Mikayil Jabbarov meets Pakistan’s Federal Minister for Privatization Abdul Aleem Khan (left) in Baku on November 19, 2024. (Photo Courtesy: X/@MikayilJabbarov/File)
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Updated 30 March 2025
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Azerbaijan economy minister to visit Pakistan next week to finalize key investment deals

Azerbaijan economy minister to visit Pakistan next week to finalize key investment deals
  • Cash-strapped Pakistan is currently navigating a tricky path to recovery under a $7 billion International Monetary Fund bailout program
  • The South Asian country has been making efforts to generate revenue through increased trade and investment deals with friendly nations

ISLAMABAD: Azerbaijan Minister of the Economy Mikayil Jabbarov will visit Pakistan next week to finalize key investment agreements between the two countries, the Pakistan prime minister’s office said on Sunday.
The statement came after Pakistan PM Shehbaz Sharif’s telephonic conversation with Azerbaijan President Ilham Aliyev on the occasion of Eid Al-Fitr, in which he conveyed his greetings and warm wishes to the brotherly people of Azerbaijan.
The two leaders reaffirmed their resolve to further strengthen the deep-rooted fraternal ties between the two countries and build upon the Sharif’s visit to Baku last month, according to the Pakistan premier’s office.
“The two leaders agreed that the Minister of Economy of Azerbaijan would visit Islamabad in the first week of April to hold discussions with the Deputy Prime Minister/Foreign Minister and also pay a courtesy call on the Prime Minister,” Sharif’s office said.
“This visit would ensure finalization of the key investment agreements between both sides thus setting the stage for President Ilham Aliyev’s expected visit to Islamabad in the month of April.”
During his visit to Baku in Feb., Sharif had announced the two nations would sign deals in April to boost bilateral investments to $2 billion. Multiple agreements for cooperation in the trade, energy, tourism, education and other sectors were also signed during the visit.
The developments come as cash-strapped Pakistan navigates a tricky path to economic recovery under a $7 billion International Monetary Fund (IMF) program. The South Asian country has been making efforts to generate revenue through increased trade and investment deals with friendly nations and regional and international allies, focusing on export-led growth.
In September last year, Azerbaijan bought JF-17 Block III fighter jets from Pakistan, reportedly in a $1.6bn deal.
During President Aliyev’s visit to Pakistan 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 elected to UN narcotics commission with top regional vote share

Pakistan elected to UN narcotics commission with top regional vote share
Updated 05 April 2025
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Pakistan elected to UN narcotics commission with top regional vote share

Pakistan elected to UN narcotics commission with top regional vote share
  • Pakistan’s term at the commission will begin in 2026 and run through 2029
  • Commission members guide global drug policy and tackle transnational crime

ISLAMABAD: Pakistan was elected as a member of the UN Commission on Narcotic Drugs (CND) for a four-year term on Friday, securing the highest number of votes among member states contesting for seats from their respective regional groups, its UN mission said.
The CND, operating under the UN Economic and Social Council (ECOSOC), serves as the main policymaking body for international drug control.
Member states of the commission guide global narcotics regulations, including decisions on how certain substances are categorized and controlled.
Pakistan’s inclusion in the commission will allow it to influence international drug policy, particularly on issues affecting regional trafficking routes, public health and transnational crime.
“Pakistan is gratified by the resounding support received from ECOSOC,” the country’s mission to the United Nations said in a statement. “It reflects the confidence and trust reposed in Pakistan to play its active role in the CND as part of global counter narcotics efforts and multilateral policy discourse on drug related issues.”
“Pakistan has been at the forefront of global counter-narcotics efforts, playing a crucial role in combating illicit drug trafficking, production, and abuse,” the statement added.
Pakistan’s new term at the CND will begin in 2026 and continue through 2029.
The country has previously participated in global drug policy forums and says it looks forward to strengthening the role of the CND in ensuring effective and balanced international drug control in line with the UN conventions.


Pakistan urges UN to recover weapons left in Afghanistan, warns militants gaining access

Pakistan urges UN to recover weapons left in Afghanistan, warns militants gaining access
Updated 05 April 2025
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Pakistan urges UN to recover weapons left in Afghanistan, warns militants gaining access

Pakistan urges UN to recover weapons left in Afghanistan, warns militants gaining access
  • Pakistan tells the world body TTP and BLA militants are getting support from its ‘principal adversary’
  • It maintains militant groups are using new technologies like cryptocurrency to finance their activities

ISLAMABAD: Pakistan on Friday voiced concern at the United Nations Security Council over militant groups like Tehreek-e-Taliban Pakistan (TTP) and the Baloch Liberation Army (BLA) acquiring sophisticated weapons, urging the international community to recover stockpiles left behind by foreign forces in Afghanistan.​
Pakistan has previously highlighted that US-led international forces abandoned automatic assault rifles and night vision devices in Afghanistan during their hurried withdrawal from Kabul in August 2021.
The pullout was widely criticized as unplanned and chaotic, leading to Congressional inquiries in the US and intense criticism of former US President Joe Biden’s administration.
However, the previous American government denied Pakistan’s claims, saying all military hardware was intended for the Afghan National Army, which collapsed as the Taliban seized power. US officials acknowledged that these weapons subsequently fell into the hands of the Taliban.​
“We know that non-state actors do not have many of the capabilities to manufacture advanced illicit arms, thus raising questions of culpability of certain state actors in these nefarious activities,” Syed Atif Raza, Counsellor at Pakistan’s UN Mission, said during a UNSC meeting on small arms and light weapons management.​
“Pakistan is concerned at the acquisition and use of modern and sophisticated illicit arms by terrorist groups such as Tehreek-e-Taliban Pakistan, a UN-listed terrorist organization, which operates with impunity from Afghanistan, as well as the so-called Baloch Liberation Army and Majeed Brigade,” he added.​
Raza noted these militant groups possessed lethal weapons left in Afghanistan that were now used against civilians and Pakistan’s armed forces.
“We call upon our international partners to recover the vast stockpile of abandoned weapons, prevent their access to armed groups and take measures to close this thriving black market of illicit arms,” he added.
Pakistan has witnessed a significant uptick in militant violence in its western provinces bordering Afghanistan in recent years.
The Pakistani diplomat asserted that militants receive external support and financing from Pakistan’s “principal adversary,” alluding to India.​
He also highlighted that the evolving nature of warfare and new technologies posed challenges in combating the proliferation of increasingly lethal small arms.
“Criminal groups and terrorists are leveraging new technologies such as cryptocurrency for anonymous transactions by using the dark web to evade detection,” Raza said, adding that these technologies also offered more tools to law enforcement to address the situation.​


Pakistan forms committee to assess impact of US tariffs, craft policy response

Pakistan forms committee to assess impact of US tariffs, craft policy response
Updated 05 April 2025
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Pakistan forms committee to assess impact of US tariffs, craft policy response

Pakistan forms committee to assess impact of US tariffs, craft policy response
  • President Trump announced ‘reciprocal tariffs’ on several countries this week, including a 29 percent levy on Pakistani goods
  • The move is expected to hit Pakistan’s textile sector and undermine the country’s efforts to stabilize its fragile economy

KARACHI: Prime Minister Shehbaz Sharif has constituted a high-level steering committee led by the finance chief to assess the impact of a 29 percent tariff imposed by the United States on Pakistani goods and devise a policy response, according to a government notification this week.
The development follows US President Donald Trump’s announcement Wednesday of “reciprocal tariffs” on several countries, a move widely seen as a blow to the global economy still recovering from the COVID-19 pandemic. Trump defended the decision as necessary to correct trade imbalances and what he described as unfair treatment of American goods abroad.
Pakistan’s inclusion in the list of affected nations is of particular concern as the South Asian nation is seeking to boost its export-led growth. The US remains Pakistan’s top export destination, and the imposition of the 29 percent tariff threatens to undercut Islamabad’s fragile recovery efforts.
“Prime Minister has been pleased to constitute steering committee for in-depth analysis and policy responses to recently announced US Reciprocal Tariffs,” read a notification issued by the Prime Minister’s Office on Thursday.
The committee, chaired by Finance Minister Muhammad Aurangzeb, will supervise a working group led by the commerce secretary and finalize policy recommendations.
It will also be responsible for engaging with US officials as needed and updating the prime minister on related developments and initiatives.
According to data from Pakistan’s central bank, the country exported $5.44 billion worth of goods to the US last year.
During the current fiscal, exports to the US reached $4 billion from July 2024 to February 2025, up 10 percent from the same period the previous year.
Textiles account for nearly 90 percent of Pakistan’s exports to the US and are expected to be hardest hit by the new tariffs.
Officials fear the increased cost burden could weaken Pakistan’s position in its main overseas markets, especially if competitors like China, Bangladesh and Vietnam begin diverting goods to Europe after facing steeper tariffs in the US.
The tariff decision is also expected to hamper Pakistan’s broader efforts to stabilize its economy with the support of International Monetary Fund programs.
Global financial markets fell sharply on Friday after China vowed to retaliate with 34 percent tariffs on American goods, raising concerns of an escalating trade war and potential global recession.


New Zealand hammer Pakistan by 43 runs to sweep ODI series 3-0

New Zealand hammer Pakistan by 43 runs to sweep ODI series 3-0
Updated 6 min 23 sec ago
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New Zealand hammer Pakistan by 43 runs to sweep ODI series 3-0

New Zealand hammer Pakistan by 43 runs to sweep ODI series 3-0
  • Babar Azam top-scored for Pakistan with 50 off 58 balls, though it wasn’t enough to turn the match around
  • Pakistan suffered an early blow when Imam-ul-Haq retired hurt after being hit on the jaw during a quick single

MOUNT MAUNGANUI, New Zealand: Pakistan’s brittle batting was exposed again as a Ben Sears-inspired New Zealand won the third and final one-day international by 43 runs Saturday to sweep the series 3-0.
The tourists were dismissed for 221 off 40 overs in response to New Zealand’s 264-8, in a match shortened to 42 overs after a delayed start at Mount Maunganui.
It followed the pattern of the first two games, with the hosts winning the opener in Napier by 73 runs, followed by an 84-run victory in Hamilton.
New Zealand also dominated the preceding T20 series, winning 4-1.
Pakistan struggled throughout the tour to adjust to the sustained bounce and movement of New Zealand’s seam attack and their batsmen were again guilty of rash shots at Bay Oval.
Aggressive pace bowler Sears claimed 5-34 to follow his five-wicket bag in Hamilton, with four of his victims falling to short-pitched deliveries.
Fellow seamer Jacob Duffy, who was a handful in both series, took 2-40, including the wicket of Mohammad Rizwan for 37 in the 33rd over to effectively end the tourists’ hopes of victory.
Babar Azam top-scored with 50 off 58 balls while opener Abdullah Shafique ground out a sluggish 33 off 56.
Pakistan’s innings began badly when opener Imam-ul-Haq was forced to retire hurt for one, having been struck on the jaw by a fielder’s throw when attempting a quick single.
Earlier, Rhys Mariu scored a maiden half-century after New Zealand were asked to bat first, with the start of the match delayed for two hours because of a wet outfield.
Opener Mariu, playing just his second international match, scored a composed 58 off 61 balls, featuring six fours and two sixes.
A number of New Zealand middle-order batsmen made starts but didn’t press on for big scores until captain Michael Bracewell produced a flashy 59 at the death.
Bracewell struck six sixes in his 40-ball knock before being caught off the last ball of the innings bowled by Akif Javed.
Seamer Javed took 4-62 off his eight overs although Naseem Shah was arguably the best of the Pakistan bowlers, taking 2-54 and bowling with good pace and movement.


Pakistan says two militants killed in Balochistan amid ongoing separatist violence

Pakistan says two militants killed in Balochistan amid ongoing separatist violence
Updated 05 April 2025
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Pakistan says two militants killed in Balochistan amid ongoing separatist violence

Pakistan says two militants killed in Balochistan amid ongoing separatist violence
  • The military says both militants were ‘actively involved in numerous terrorist activities’ in the area
  • Shehbaz Sharif applauds the security forces for the operation, vows to eliminate militant violence

KARACHI: Pakistani security forces on Friday killed two militants during an intelligence-based operation in the southwestern Balochistan province, the military said, as the region continues to experience an uptick in separatist attacks.
Balochistan, Pakistan’s largest province by landmass and rich in mineral resources, has faced a low-level insurgency for nearly two decades. Baloch separatist groups accuse the central government of exploiting local resources, such as gold and copper, without benefiting the local population.
Islamabad denies the allegations, saying it is committed to improving the lives of local residents in the province through various development projects.
The Inter-Services Public Relations (ISPR) said in a statement security forces conducted the operation in Kech District on the reported presence of militants.
“During the conduct of operation, own troops effectively engaged the terrorists’ location and after an intense fire exchange, two terrorists were sent to hell,” said the statement.
“The killed terrorists remained actively involved in numerous terrorist activities in the area against the law enforcement agencies as well as the innocent civilians,” it added.
The ISPR said a “sanitization operation” was continuing in the area to eliminate any remaining militants.
It maintained that Pakistani forces were “determined to thwart attempts at sabotaging peace, stability and progress of Balochistan.”
Reacting to the development, Prime Minister Shehbaz Sharif praised the security forces for carrying out the operation.
“The nation is proud of the bravery of our officers and soldiers,” he said in a statement circulated by his office.
“Our war against terrorism will continue until it is completely eradicated from the country,” he added.