Pakistanis welcome Aramco’s new Islamabad outlet, anticipating quality fuel and services

Special Pakistanis welcome Aramco’s new Islamabad outlet, anticipating quality fuel and services
Motorists fill up at an Aramco-branded retail petrol station in Islamabad, Pakistan, on November 4, 2024. (AN photo)
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Updated 04 November 2024
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Pakistanis welcome Aramco’s new Islamabad outlet, anticipating quality fuel and services

Pakistanis welcome Aramco’s new Islamabad outlet, anticipating quality fuel and services
  • The Saudi oil giant opened its second outlet in Islamabad last week following the inauguration of the first in Lahore on Oct. 29
  • In collaboration with Pakistan’s GO, Aramco aims to expand its retail network and establish a foothold in Pakistan’s growing economy

ISLAMABAD: Pakistanis in Islamabad on Monday hailed the opening of Aramco’s branded retail petrol station as a valuable addition to the capital’s oil marketing landscape, expressing hopes for high-quality fuel and services from the Saudi oil giant.
This is Aramco’s second retail outlet in Pakistan, following the opening of its first station in Lahore on October 29 after the global oil giant acquired a 40 percent stake in Gas & Oil Pakistan Ltd, commonly known as GO Petroleum. 
According to a statement shared last week by Corporate and Marketing Communications (CMC), which manages public relations for GO and Aramco in Pakistan, Aramco-branded stations in Pakistan will offer premium fuel, high-quality lubricants, professional automotive services, and modern convenience stores, aiming to deliver a seamless customer experience.
The Saudi oil giant’s Islamabad outlet is located on Ataturk Avenue in the Pakistani capital, which is being frequented by a large number of customers anticipating quality fuel supply and services.
“This is a great addition to Islamabad. I hope that this global oil giant will focus on providing quality oil products, along with ensuring top-notch service and accurate fuel measurements,” Muhammad Asim, a Pakistani government employee, told Arab News, while filling up at the newly opened station.
“Looking forward to seeing the positive impact it brings to the city.” 




An employee manages vehicles at an Aramco-branded retail petrol station in Islamabad, Pakistan, on November 4, 2024. (AN photo)

Aramco is a global integrated energy and chemicals company that produces approximately one in every eight barrels of the world’s oil supply. GO, one of Pakistan’s largest retail and storage companies, is involved in the procurement, storage, sale and marketing of petroleum products and lubricants.
Together with GO, which has a network of over 1,200 fuel retail stations in Pakistan, Aramco plans to expand its retail network and establish a presence in the fast-growing Pakistani economy.
“Having Aramco in Pakistan is exciting,” said Sara Ahmed, a local business owner. “It raises the bar for fuel quality and customer service.”
She hoped that the Saudi company would set new standards in fuel quality and customer care, something that had been needed in Pakistan for quite some time.
Another customer, Ali Asghar, said Aramco is a renowned name globally and hoped the company would uphold its international standards in Pakistan.
“We need reputable global companies like this, not only to provide quality products but also to encourage competition among other companies, ultimately benefiting customers,” he told Arab News. 
Pakistan and Saudi Arabia enjoy strong trade, defense, and cultural ties. The Kingdom is home to over 2.7 million Pakistani expatriates and serves as the top source of remittances to the cash-strapped South Asian nation.
In February 2019, Pakistan and Saudi Arabia inked investment deals totaling $21 billion during a visit by Saudi Crown Prince Mohammed bin Salman to Islamabad. The agreements included about $10 billion for an Aramco oil refinery and $1 billion for a petrochemical complex at the strategic Gwadar Port in Pakistan’s Balochistan province.
Islamabad and Riyadh have also been working in recent months to increase bilateral trade and investment, and the Kingdom this year reaffirmed its commitment to expedite an investment package worth $5 billion for Pakistan. Both countries last month signed $2.2 billion in agreements and memorandums of understanding during the visit of a high-level business delegation, led by Saudi Minister for Investment Khalid Al-Falih.


Pakistan court issues arrest warrant for ex-PM Imran Khan’s wife in state gifts case

Pakistan court issues arrest warrant for ex-PM Imran Khan’s wife in state gifts case
Updated 17 min 14 sec ago
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Pakistan court issues arrest warrant for ex-PM Imran Khan’s wife in state gifts case

Pakistan court issues arrest warrant for ex-PM Imran Khan’s wife in state gifts case
  • Couple is accused of undervaluing gifts from a state repository and buying them at a lesser price
  • Khan, who has been in jail since August 2023, says all cases against him are politically motivated

ISLAMABAD: A court in Pakistan has issued an arrest warrant for jailed former Prime Minister Imran Khan’s wife, Bushra Khan, due to her repeated absence from hearings in a graft case, Pakistani media widely reported on Thursday.

The Islamabad High Court last month granted Khan bail in what has popularly come to be called the new Toshakhana case, filed in July and involving a jewelry set worth over €380,000 gifted to the former first lady by a foreign dignitary when Khan was prime minister from 2018-2022. The couple was accused of undervaluing the gift and buying it at a lesser price from the state repository. Both deny wrongdoing. 

Khan has been in jail since August last year following his conviction in four cases, two of which have been suspended, including an original one relating to state gifts, and he was acquitted in the rest.

On Thursday, in addition to the arrest warrants, the court also served a notice to Bushra Khan’s guarantor.

“Why should your surety bonds not be seized?” Geo News reported, quoting a judge hearing the case. The proceedings were subsequently adjourned till Dec. 9.

Here is a look at some of the allegations against Khan, the 72-year-old cricketer-turned-politician, named in dozens of cases since he was ousted from office in 2022, that have kept him behind bars for more than a year.

GRAFT ALLEGATIONS

Khan was first arrested in May 2023 in relation to allegations that him and Bushra received land worth up to 7 billion rupees ($25 million) as a bribe through a trust created in 2018, while he still 

His Pakistan Tehreek-e-Insaf (PTI) party has maintained the land was donated for charitable purposes.

Khan was released on bail after three days in prison, during which his supporters attacked and set fire to military and other state installations, with eight people killed in the violence.

ABETTING VIOLENCE

Khan is facing anti-terrorism charges in connection with the violence that followed his arrest in May last year, and in relation to which several of his supporters have already been sentenced.

PTI said in July that authorities had issued fresh arrest warrants for him in three different cases related to the clashes.

STATE SECRETS

Khan was accused of making public a classified cable sent to Islamabad by Pakistan’s ambassador in Washington in 2022, while he still held office.

He was acquitted in the case in June.

UNLAWFUL MARRIAGE

Khan and his wife were accused of breaking Islamic law by failing to observe the mandated waiting period between Bibi’s divorce from her previous husband and their marriage in 2018 .

They were acquitted of the charges in July.

With inputs from Reuters


Pakistan’s PIA to resume flights to Europe in January after EU agency lifts ban

Pakistan’s PIA to resume flights to Europe in January after EU agency lifts ban
Updated 27 min 19 sec ago
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Pakistan’s PIA to resume flights to Europe in January after EU agency lifts ban

Pakistan’s PIA to resume flights to Europe in January after EU agency lifts ban
  • Ban in place since 2020 after 97 people died when a PIA plane crashed in Karachi
  • Ban was causing a loss of nearly $150 million a year in revenue to PIA, officials say

ISLAMABAD: Pakistan’s state-run airline is preparing to resume direct flights to European countries early next month, officials said Thursday, days after the European Union’s aviation safety agency lifted a ban on Pakistan International Airlines flying to Europe over compliance with its safety standards.
The ban on PIA by the European Union Aviation Safety Agency had been in place since 2020 after 97 people died when a PIA plane crashed in Karachi, the capital of southern Sindh province.
The ban was causing a loss of nearly $150 million a year in revenue to PIA, officials say.
Airline spokesman Abdullah Hafeez said after more than four years the first direct flight from the capital Islamabad to Paris will resume in early January.
He told The Associated Press that EASA has expressed “complete satisfaction over the safety standards of PIA” and that arrangements are underway to resume PIA’s flights to other cities in the European countries.
The EU agency had said it was “concerned about the validity of the Pakistani pilot licenses” when it imposed the ban in 2020. It said it was concerned about Pakistan’s capability in certifying and overseeing its operators and aircraft in accordance with applicable international standards.
The Airbus A320 plane carrying 91 passengers and eight crew members from Lahore crashed in a residential area in May 22, 2020 while trying to land at Karachi airport. There were only two survivors.
Pakistan’s then aviation minister said during investigations that nearly a third of Pakistani pilots had cheated on their pilot’s exams. PIA at the time grounded 150 pilots.
A government probe later concluded that the crash was caused by a pilot’s error.
Travel agents on Thursday said customers were making calls to inquire about the new flights.
Hafeez, the PIA spokesman, said the airline will soon announce the schedule of flights to other destinations in Europe.
“If you have your breakfast in Pakistan, you will be having your lunch in Paris,” he said.


Pakistan says lack of ‘political will’ in India hindering dialogue to resolve disputes

Pakistan says lack of ‘political will’ in India hindering dialogue to resolve disputes
Updated 48 min 13 sec ago
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Pakistan says lack of ‘political will’ in India hindering dialogue to resolve disputes

Pakistan says lack of ‘political will’ in India hindering dialogue to resolve disputes
  • India and Pakistan have fought three wars, engaged in numerous skirmishes since they became separate nations in 1947
  • Relations reached a new low in 2019 when Indian Prime Minister Narendra Modi revoked the limited autonomy of Kashmir

ISLAMABAD: Pakistan on Thursday lamented a lack of “political will” in India to resolve differences between the two South Asian archrivals through dialogue and diplomacy, calling on New Delhi to take steps to create a “conducive environment” for negotiations on long-standing disputes.

Nuclear-armed India and Pakistan have fought three wars and engaged in numerous skirmishes on their shared borders since they became separate nations after the end of British colonial rule in 1947. 

Relations reached a new low in 2019 when Indian Prime Minister Narendra Modi revoked the limited autonomy of Kashmir, a Himalayan region that is ruled in part but claimed in full by both India and Pakistan. Islamabad responded to the Modi’s administration’s action by suspending bilateral trade and downgrading diplomatic ties with New Delhi.

“Pakistan has always said that it desires cooperative relations with all its neighbors, including India,” foreign office spokesperson Mumtaz Zahra Baloch told reporters at a weekly news briefing in Islamabad. 

“We have consistently advocated constructive engagement and result-oriented dialogue to resolve all outstanding issues, including the general engagement. However, the political will to resolve disputes and differences through dialogue and diplomacy seem lacking on India’s part.”

The spokesperson said Pakistan believed in “peaceful coexistence” and wanted peace and stability in the region. 

“However, it takes two to tango,” she added. “We can only wish our eastern neighbor to take steps to create a conducive environment for advancement of peace and dialogue and resolution of long-standing disputes.”

AFGHANISTAN

Speaking about reports that the Taliban government in neighboring Afghanistan had barred women from nursing and midwifery classes, the spokesperson said Pakistan’s constitution guaranteed women the right to education and the country wanted to see similar rights for women in other nations also. 

The rights of Afghan women have been curtailed since the Taliban took control of Afghanistan three years ago. Women and girls have been gradually barred from attending secondary school and university, engaging in most forms of paid employment, traveling without a male family member, and accessing public spaces.

Health services remained one of the few sectors where women were still employed. After the bans on university studies, those who sought to become health professionals turned to midwifery and nursing training institutes. 

“With regard to question regarding education of nurses and doctors, our position on the rights of women and girls, especially for their inherent right to education, is clear and consistent,” Baloch said. 

“We believe that every man and woman has the inherent right to education in accordance with the injunctions of Islam. We believe Islam grants equal access to education and women rights. Islam is an egalitarian religion that guarantees women the right to education and to inherit and own property.”

BANGLADESH

Commenting on Pakistan’s growing diplomatic outreach with Bangladesh, the spokesperson said Pakistan was committed to strengthening and promoting bilateral relations with Dhaka. 

“Bangladesh is a brotherly Muslim country and a South Asian partner, and we wish to enhance economic and commercial exchanges and connectivity with Bangladesh,” Baloch said.

Pakistan and Bangladesh share a complex history, having been one nation, East and West Pakistan, until Bangladesh gained independence in 1971 following a liberation war supported by India. Since then, Bangladesh has grown closer to India, Pakistan’s regional rival. 

But Dhaka’s ties with New Delhi have frayed after a student-led revolution in August this year toppled Bangladesh’s autocratic leader Sheikh Hasina, who fled to India by helicopter.

“We will continue to engage with Bangladesh and other countries in the region to promote economic cooperation and bilateral trade,” the Pakistani foreign office spokesperson said. 


Pakistan urges de-escalation, says ‘deeply concerned’ as Syrian civil war back in focus

Pakistan urges de-escalation, says ‘deeply concerned’ as Syrian civil war back in focus
Updated 6 min 47 sec ago
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Pakistan urges de-escalation, says ‘deeply concerned’ as Syrian civil war back in focus

Pakistan urges de-escalation, says ‘deeply concerned’ as Syrian civil war back in focus
  • Armed opposition forces launched surprise offensive on Nov. 26 and swept into Aleppo on Nov. 29-30, forcing out government forces
  • Pakistan welcomes latest UNGA resolution calling for Israel’s withdrawal from Palestine, creation of independent Palestinian state

ISLAMABAD: Pakistan said on Thursday it was “deeply concerned” about escalating violence in Syria, where a coalition of armed opposition forces last week launched their largest offensive against the government in years, jolting dormant frontlines with implications for the Middle East region and beyond.

The fighters swept through villages outside Aleppo last week and now say they control much of the city, meeting little resistance as the Syrian military quickly withdrew. It is the first time control of the city has shifted since 2016, when government forces, backed by Russia and Iran, defeated opposition fighters who had controlled Aleppo’s eastern districts.

There are reports of civilian casualties, displacements of tens of thousands of people, damage to civilian infrastructure, and interruption in essential services and humanitarian aid as the civil war rages on. 

“Pakistan is deeply concerned at the latest developments in Syria,” Mumtaz Zahra Baloch, the spokesperson for the foreign office, told reporters at a weekly press briefing. “We believe that the ongoing situation will further destabilize the region and embolden terrorist organizations.”

Baloch said it was critical to promote peace in Syria for regional stability. 

“We call for international efforts to de-escalate the situation and for upholding unity, sovereignty and territorial integrity of Syria,” she added. 

The Syrian government has vowed to fight back against the assault by opposition fighters. Russia, which deployed its air force to Syria in 2015 to help President Bashar Assad, is conducting airstrikes in support of the army.

It marks the most serious escalation of the conflict in years, adding to a toll which stands at hundreds of thousands dead since 2011, when the war mushroomed out of an Arab Spring uprising against Assad’s rule. Since then, more than half the pre-war population of 23 million have been forced from their homes, with millions fleeing abroad as refugees.

Separately, Pakistan has welcomed the UN General Assembly’s resolution passed on Wednesday calling for Israel’s withdrawal from Palestinian territories and the creation of an independent Palestinian state. 

“We welcome yesterday’s resolution of the UN General Assembly calling on Israeli occupation authorities to withdraw from Palestinian territories and for the creation of a Palestinian state,” Baloch said at the media briefing.

“The genocide in Gaza must end.”

Pakistan has consistently called for establishing an independent Palestinian state with Al Quds Al Sharif as its capital. Islamabad has also demanded an unconditional and immediate ceasefire in Palestine, where Israel has killed over 43,000 people since October 2023 when it launched air and ground strikes in Gaza in response to an assault by Hamas fighters.


Pakistani stocks continue impressive rally, surging past 106,000 points in intraday trade

Pakistani stocks continue impressive rally, surging past 106,000 points in intraday trade
Updated 31 min 42 sec ago
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Pakistani stocks continue impressive rally, surging past 106,000 points in intraday trade

Pakistani stocks continue impressive rally, surging past 106,000 points in intraday trade
  • Stock market closed at record high of 105,104.33 points at close of trade on Wednesday
  • Financial analysts credit rally to high trading volume fueled by expected interest rate cut

ISLAMABAD: The Pakistan Stock Exchange (PSX) surged past 106,000 points during intraday trading on Thursday, gaining over 1,500 points to reflect positive investor sentiment in the market a day after it closed at a record high. 

The benchmark KSE-100 index increased by 1,533.30 points, or 1.46 percent during intraday trading on Thursday to stand at 106,637.63 points, up from the previous close of 105,448.05 points. 

Pakistan’s stock market has performed impressively, with the State Bank slashing interest rates by 700 basis points (bps) in four consecutive meetings since June, bringing the rate to 15 percent. According to a poll conducted by Topline Securities, 71 percent of participants expect the central bank will announce a minimum rate cut of 200bps again. 

“Persistent buying by local institutions, coupled with high trading volumes, reflected strong investor confidence, fueled by expectations of a declining interest rate in the upcoming Monetary Policy Meeting,” Topline Securities said about the recent surge on Wednesday. 

The stock market rally is welcome news for Pakistan after the South Asian country narrowly avoided a sovereign default last year by clinching a last-gasp $3 billion loan program from the International Monetary Fund (IMF). 

Pakistan has made some economic gains since then, most notably slowing the annual consumer inflation to 4.9 percent in November, lower than the government’s forecast and the lowest in nearly six years. This is down from 38 percent last year.

Trade data released by the Pakistan Bureau of Statistics also supports positive investor sentiment as the trade deficit narrowed by 7.39 percent during the first five months (July-November) of the current fiscal year, standing at $8.651 billion, compared to $9.341 billion during the same period last year.

Exports rose by 12.57 percent to hit $13.69 billion, while imports increased by 3.90 percent to $22.342 billion during this period. November’s trade deficit narrowed even further, dropping by 18.60 percent year-on-year to $1.589 billion compared to $1.952 billion in November 2023.

Pakistan’s government has vowed to undertake economic reforms mandated by the IMF which include tightening fiscal policies, privatizing loss-making state-owned enterprises and enhancing tax revenues.