China says supports Iran, Pakistan in continuing to ‘bridge differences through dialogue’

China says supports Iran, Pakistan in continuing to ‘bridge differences through dialogue’
The flag of Iran is seen over its consulate building, with Pakistan's flag in the foreground, in Karachi, Pakistan on January 18, 2024. (REUTERS/File)
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Updated 22 January 2024
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China says supports Iran, Pakistan in continuing to ‘bridge differences through dialogue’

China says supports Iran, Pakistan in continuing to ‘bridge differences through dialogue’
  • South Asian nations are moving to mend ties after exchanging military strikes last week
  • China, close to both countries, had from the beginning of standoff said it could mediate

ISLAMABAD: China said on Monday it supported Pakistan and Iran in “bridging differences through dialogue and consultations,” as the two South Asian nations move to mend ties after exchanging military strikes last week.

Last week Islamabad said it had hit bases of the anti-Pakistan, separatist Balochistan Liberation Front and Balochistan Liberation Army, after Tehran said its missiles struck militants from the ‘Iranian terrorist group,’ Jaish al Adl (JAA). The tit-for-tat strikes by the two countries were the highest-profile cross-border intrusions in recent years and raised alarm about wider instability in the region since the war between Israel and Hamas erupted on Oct. 7. The two Muslim nations have had a history of frosty ties but the intrusions amounted to the highest level of attacks in decades.

China, close to both countries, from the beginning of the standoff said it was ready to mediate.

“I want to stress that Pakistan and Iran are friendly neighbors, and both are good friends of China. China is committed to upholding regional and international peace and stability and supports Iran and Pakistan in continuing to bridge differences through dialogue and consultation,”

“We would like to continue to play a positive and constructive role in improving the relations between Iran and Pakistan based on the needs of the two countries.”

After Iran’s attack, Pakistan had recalled its ambassador to Tehran and had not allowed his counterpart to return to Islamabad, as well as canceling all high-level diplomatic and trade engagements.

On Monday, Pakistan and Iran announced in a joint statement ambassadors of both countries had been asked to return to their posts by Jan. 26 while the Iranian foreign minister would visit Pakistan on Jan. 29.


Working to address concerns over taxes, investment environment, Pakistan reassures US companies

Working to address concerns over taxes, investment environment, Pakistan reassures US companies
Updated 11 sec ago
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Working to address concerns over taxes, investment environment, Pakistan reassures US companies

Working to address concerns over taxes, investment environment, Pakistan reassures US companies
  • Commerce Minister Jam Kamal Khan meets American Business Council delegation in Pakistani capital
  • Group includes reps from DuPont, Cargill, PepsiCo, Coca-Cola, Philip Morris, AICT, IBM, PriceOye, McDonalds

ISLAMABAD: Pakistani Minister for Commerce Jam Kamal Khan on Wednesday met representatives of nine American companies operating in Pakistan and reassured them Islamabad was working to address their concerns on issues like taxes, inflation and creating a business-friendly environment.

Foreign investors cite persistently high inflation, red tape, weak rule-of-law, inconsistent regulation, corruption, political uncertainty, and security concerns as being among the main difficulties of doing business in Pakistan. 

Pakistan, in search of foreign investments to shore up its $350 billion economy, has been struggling to maintain liberal investment policies and facilitate investors on all stages of their investments. The government says it is also working to improve legal protections for foreign investments, protect intellectual property rights, and establish clear and consistent policies for upholding contractual obligations and settlement of tax disputes. The government launched the Special Investment Facilitation Council (SIFC) last year to attract foreign funds, particularly from Gulf Cooperation Council countries. Since its creation, the SIFC’s scope has expanded into a wide range of policy areas.

On Wednesday, the American Business Council (ABC) delegation that called on Khan briefed him about “concerns related to high taxes, inflation, and the need for increased government support to foster a conducive business environment.”

The visiting delegation included representatives from McDonalds, IBM, PepsiCo, Coca-Cola, PriceOye, Philip Morris tobacco company, DuPont, a chemicals company, Cargill, a food multinational and AICT, which provides smart container management solutions. 

Khan assured the ABC members the government was “fully committed” to addressing their concerns. 

“He acknowledged the challenges faced by businesses in Pakistan, especially in light of inflation and other economic hurdles,” the statement from Khan’s office said. 

“The Minister expressed his confidence that the government is actively working on solutions to mitigate these issues and improve the economic landscape for both local and foreign investors.”

Despite the challenging investment climate, the United States is one of Pakistan’s largest sources of FDI. US companies have profitable operations across a range of sectors, notably franchise operations, fast-moving consumer goods, agribusiness, and financial services. Other sectors attracting US interest include ICT, renewable energy, and health care services. 

The Karachi-based American Business Council, a local affiliate of the US Chamber of Commerce, has more than 60 US member companies, most of which are Fortune 500 companies and span a wide range of sectors. The Lahore-based American Business Forum has 23 founding members and 22 associate members. The US-Pakistan Business Council, a division of the US Chamber of Commerce, supports US-based companies that do business with Pakistan. 

In February 2023, the United States and Pakistan concluded the ninth meeting under the US–Pakistan Trade and Investment Framework and first ministerial-level meetings since 2016.


Imran Khan aide says Islamabad police ‘unfairly targeting’ ethnic Pashtuns after anti-government protests

Imran Khan aide says Islamabad police ‘unfairly targeting’ ethnic Pashtuns after anti-government protests
Updated 04 December 2024
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Imran Khan aide says Islamabad police ‘unfairly targeting’ ethnic Pashtuns after anti-government protests

Imran Khan aide says Islamabad police ‘unfairly targeting’ ethnic Pashtuns after anti-government protests
  • Gandapur is chief minister of Pashtun-majority Khyber Pakhtunkhwa where Khan’s party is in power
  • Islamabad Police says legal action is being taken only against miscreant elements involved in violent protests

ISLAMABAD: Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur on Wednesday accused Islamabad Police of “unfairly targeting” ethnic Pashtuns with arbitrary arrests and racial discrimination following violent, anti-government protests in the capital last month. 

In a letter addressed to Prime Minister Shehbaz Sharif, Gandapur accused Islamabad Police of arresting Pashtun laborers illegally and subjecting them to racial discrimination following last month’s protest by Khan’s Pakistan Tehreek-e-Insaf (PTI) party in the capital, held to demand his release from prison. 

Gandapur is the chief minister of KP, a Pashtun-majority province where Khan’s party is in power. The government says thousands of protesters arrived in Islamabad from KP, rather than Punjab or the federal capital. The protest march to the capital was led by Gandapur and Khan’s wife Bushra Khan. 

The government says at least three personnel of the paramilitary Rangers force were killed while one cop lost his life, as Khan supporters clashed with law enforcers. The PTI says at least 20 of its supporters were killed and “hundreds” were wounded after being shot. The police denies this and says it arrested over 1,150 miscreants involved in the violent protests.

“I wish to bring to your attention a matter of concern regarding the treatment of Pashtun laborers in Islamabad, particularly in relation to the arbitrary rounding up and the filing of unfounded ATA [Anti-Terrorism Act] FIRS against them,” Gandapur wrote.

“These individuals, who are primarily involved in low-paying jobs, have been unfairly targeted in the aftermath of the recent incidents involving peaceful political protests organized by Pakistan Tehreek-e-Insaf.”

He said ethnic Pashtun laborers did not choose to arrive in the Pakistani capital but had been forced to come here after being displaced due to the prolonged effects of the so-called War on Terror, and various military operations over the past two decades. 

Gandapur warned Sharif that such actions risk fostering “a sense of alienation and exclusion among communities,” saying it could ultimately lead to greater divisions and undermine the unity of the federation. 

“I kindly request that you review the situation of the Pashtun workers in Islamabad and take immediate action to quash the bogus FIRS and release those who have been unjustly detained,” he wrote. 

Meanwhile, Islamabad Police rejected Gandapur’s allegations in a post on social media platform X. 

“During the recent public order situation, no peaceful Pashtun was ever detained,” Islamabad Police wrote. 

“Legal action has been taken against miscreant elements, and not on the basis of any nationality or region.” 

The capital police condemned the “negative propaganda,” against it, terming it a conspiracy against Pakistan’s national security. 

“The brave and courageous Pashtuns are the protectors of this homeland and the pride of the Pakistani nation,” it added. 


Pakistan, Russia ink 8 agreements related to health, education and trade in Moscow

Pakistan, Russia ink 8 agreements related to health, education and trade in Moscow
Updated 04 December 2024
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Pakistan, Russia ink 8 agreements related to health, education and trade in Moscow

Pakistan, Russia ink 8 agreements related to health, education and trade in Moscow
  • Pakistan’s energy minister leads delegation in 9th Inter-Government Commission meeting with Russia
  • Pakistan and Russia, once bitter rivals during Cold War era, have moved closer in recent months

ISLAMABAD: Pakistan and Russia signed eight memorandums of understanding (MoUs) in the fields of health, trade and education on Wednesday, the energy ministry said, as Islamabad eyes foreign investment and enhanced cooperation to stabilize its fragile economy. 

The agreements were signed during the 9th Inter-Governmental Commission meeting in Moscow between Pakistan and Russia. The Pakistani side is being led by Federal Minister for Energy Sardar Awais Leghari as Islamabad and Moscow discuss different bilateral trade options.

“Federal Minister for Energy Sardar Owais Ahmed Leghari, who is in Moscow along with a delegation, signed eight agreements between Russia and Pakistan,” the ministry said. 

One of the eight agreements was between Pakistan’s COMSATS and Peshawar University with Russian educational institutions, the ministry said, while others related to the production of insulin and enhancing trade and industrial cooperation. 

Pakistan and Russia, once Cold War rivals, have warmed up to each other in recent years through regular business and trade interactions. As Islamabad seeks to enhance its role as a transit hub for landlocked economies in Central Asia, it has expressed interest in connecting with Russia through Central Asia for bilateral trade.

Islamabad’s ties with Russia also saw significant improvement last year after Pakistan started purchasing Russian crude oil at a discount. Geopolitical tensions triggered fuel prices to more than double in Pakistan last year, forcing the country to opt for cheaper sources of fuel. 

In 2023, Pakistan’s bilateral trade with Russia reached $1 billion. This was an increase from 2022, when Russia exported $505 million to Pakistan and Pakistan exported $75.8 million to Russia.


Five militants killed in operation in northwest Pakistan — army

Five militants killed in operation in northwest Pakistan — army
Updated 04 December 2024
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Five militants killed in operation in northwest Pakistan — army

Five militants killed in operation in northwest Pakistan — army
  • Pakistani security forces launch intelligence-based operation in Lakki Marwat district
  • Pakistan has suffered a surge in violence in its western provinces since November 2022

ISLAMABAD: Pakistani security forces shot dead five militants in the country’s northwestern Khyber Pakhtunkhwa (KP) province in an intelligence-based operation, the military’s media wing said on Wednesday, as Islamabad battles surging militancy. 

The operation was conducted in KP’s restive Lakki Marwat district, where militants mostly from the Tehreek-e-Taliban Pakistan (TTP) have conducted attacks on security forces in the past. 

“During the conduct of operation, own troops effectively engaged khwarij location and resultantly, five khwarij were sent to hell, while two Khwarij also got injured,” the military’s media wing said, referring to the outlawed TTP. 

The military said that a sanitization operation was being conducted to eliminate any militants in the area. 

“Security forces of Pakistan are determined to wipe out the menace of terrorism from the country,” it said. 

Pakistan witnessed a spike in militant violence in its two western provinces, KP and Balochistan, since the Pakistani Taliban called off their fragile truce with the government in November 2022. The group has intensified its attacks in recent months.

Islamabad has blamed the surge in violence on militants operating out of neighboring Afghanistan. Kabul denies the allegation and says rising violence in Pakistan is a domestic issue of Islamabad.


Pakistan petroleum minister says no deal with Russia on importing crude oil next year

Pakistan petroleum minister says no deal with Russia on importing crude oil next year
Updated 04 December 2024
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Pakistan petroleum minister says no deal with Russia on importing crude oil next year

Pakistan petroleum minister says no deal with Russia on importing crude oil next year
  • Musadik Malik rejects news report of Pakistan restarting crude oil trade with Russia from January
  • Pakistan pursuing $8-$10 billion Saudi investment for a greenfield oil refinery, says petroleum minister

ISLAMABAD: Pakistan’s Petroleum Minister Musadik Malik on Wednesday clarified that Islamabad had not reached any agreement with Moscow to import crude oil from Russia at a discounted rate. 

The minister was rebutting a report in The News, a Pakistani English-language daily, which claimed that Islamabad and Moscow have agreed to restart their crude oil trade from January 2025.

The report said that the deal between the two sides was reached during the recent 9th Inter-Governmental Commission meeting in Moscow. As per the deal, the Pakistan Refinery Limited (PRL) would import one cargo each month under the government-to-government arrangement, the report said. 

“The reports of importing crude from Russia on the discounted rate are false,” Malik told reporters at an informal briefing. “No deal is reached with Russia regarding import of the crude oil.”

Meanwhile, in a letter addressed to the Pakistan Stock Exchange (PSX), the PRL also rejected the news report. 

“We would like to clarify that no such agreement has been made,” it said. “We remain committed to transparency and will keep our stakeholders informed of any developments directly through our official channels.”

Separately, Malik said the government was pursuing an investment from Saudi Arabia for around $8-$10 billion for a greenfield refinery project, adding that a feasibility report for it would be available by the end of this month.

“We will receive the draft of the feasibility report by December 24,” he said. “This greenfield refinery project will fetch an investment of $8-$10 billion.”

The minister said that multiple Saudi companies were taking an interest in Pakistan’s mining sector.

He spoke about Pakistan and Saudi Arabia signing agreements in October worth $2.8 billion for investments in different sectors including energy, information technology and food.

“We have signed 34 MoUs and seven agreements with Saudi Arabia worth $2.8 billion in a recent period of the government,” Malik said. 

He said that the Pakistan Refinery Limited (PRL) and a Saudi company were close to signing another agreement of $1.7 billion. 

Talking about the much-stalled Iran-Pakistan gas pipeline project, Malik said the government would try to get sanctions waived from the US to complete it. 

“We will try to get exemption on the US sanctions to complete the IP gas pipeline project,” he said. “It is not in the interest of the country to talk further on it.”

The countries signed an agreement to construct the pipeline from Iran’s South Fars gas field to Pakistan’s Balochistan and Sindh provinces in 2010, but work on Pakistan’s portion has been held up due to fears of US sanctions.

The 1,900 kilometer (1,180 mile) pipeline was meant to supply 750 million to one billion cubic feet per day of natural gas for 25 years to meet Pakistan’s rising energy needs.

Malik said no additional cargo of Liquified Natural Gas (LNG) was being imported from Qatar for the winter season as a surplus quantity of the commodity was already available for consumption.

“We have held up five additional cargos of the LNG for now, and five other cargos could also be delayed for the next year,” the minister said.