PM Sharif says prepared to defend sovereignty, calls for ‘neutral’ probe into Kashmir attack

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Updated 26 April 2025
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PM Sharif says prepared to defend sovereignty, calls for ‘neutral’ probe into Kashmir attack

PM Sharif says prepared to defend sovereignty, calls for ‘neutral’ probe into Kashmir attack
  • Shehbaz Sharif’s remarks came as Indian, Pakistani troops exchanged gunfire for a second straight day on Saturday
  • Ties have plummeted between the nuclear-armed neighbors over this week’s attack in Pahalgam that killed 26 tourists

ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday said Pakistan’s armed forces were fully prepared to defend the country’s sovereignty and called for a “neutral” investigation into a militant attack in Indian-administered Kashmir that has brought Pakistan and India close to the brink of another conflict.
Sharif’s remarks came as Indian and Pakistani troops exchanged gunfire for a second straight day on Saturday as ties plummeted between the two nuclear-armed neighbors over the attack in Pahalgam that killed 26 tourists on Tuesday.
Indian police have identified three suspects, including two Pakistani nationals, who carried out the April 22 attack. Pakistan has denied any involvement. Since the attack, both nations have unleashed a raft of measures against each other, with Pakistan closing its airspace to Indian airlines and India suspending the 1960 Indus Waters Treaty that regulates water-sharing from the Indus River and its tributaries.
Sharif said the tragic incident in Pahalgam was yet another example of New Delhi’s “perpetual blame game” that must come to a halt, adding that Islamabad was “open to participate in any neutral, transparent and credible investigation.”
“Water is a vital national interest of Pakistan... any attempt to stop, reduce or divert the flow of water belonging to Pakistan under the Indus Water Treaty would be responded to with full force and might and nobody should remain under any kind of false impression and confusion,” Sharif said during a passing-out parade at the Pakistan Military Academy in Abbottabad.
“Our valiant armed forces remain fully capable and prepared to defend the country’s sovereignty and its territorial integrity against any misadventure as clearly demonstrated by its measured yet resolute response to India’s reckless incursion in February 2019.”
Sharif’s comment was a reference to the downing of an Indian fighter jet in 2019 in response to Indian airstrikes in Pakistan, following a militant attack in Pulwama in Indian-administered Kashmir in which at least 40 Indian paramilitary police were killed. India had also blamed the Pulwama attack on Pakistan, Islamabad had denied any complicity.
Kashmir has been divided between India and Pakistan since their independence in 1947, with both claiming the territory in full but governing separate portions of it.
Rebel groups have waged an insurgency in Indian-controlled Kashmir since 1989, demanding independence or a merger with Pakistan.
Tuesday’s assault happened as tourists enjoyed tranquil mountain views at the popular site at Pahalgam, when gunmen burst out of forests and raked crowds with automatic weapons. Survivors told Indian media the gunmen targeted men and spared those who could give the Islamic declaration of faith.
Modi on Thursday said his country would “track and punish every terrorist and their backer,” vowing to “pursue them to the ends of the Earth.” There has been growing concern since Tuesday’s attack that India could conduct a military strike in Pakistani territory as it did in 2019.
The United Nations has urged the nuclear-armed neighbors to show “maximum restraint,” while US President Donald Trump has downplayed the tensions, saying that the dispute will get “figured out, one way or another.”
Rapidly deteriorating relations between India and Pakistan over the deadly shooting in Indian-administered Kashmir are starting to have small but prickly economic consequences for both nations.
While India unveiled a series of mostly symbolic diplomatic measures against Pakistan, Islamabad responded on Thursday with similar tit-for-tat measures but upped the ante by halting trade with New Delhi and closing its airspace to Indian airlines.
Experts say that while the retaliatory moves will not have an immediate or far-reaching impact, it will likely result in longer and more expensive flights for Indians, while forcing Pakistan to increase pharmaceutical imports from other countries.


Pakistan weekly inflation down by 0.81% as prices of essential items remain largely stable

Pakistan weekly inflation down by 0.81% as prices of essential items remain largely stable
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Pakistan weekly inflation down by 0.81% as prices of essential items remain largely stable

Pakistan weekly inflation down by 0.81% as prices of essential items remain largely stable
  • Annual inflation rate fell to 0.3% in April, well below the finance ministry’s estimate of 1.5-2%
  • The Pakistan Stock Exchange also recorded a 7.5% gain in May on a month-on-month basis

ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), lowered by 0.81% in Pakistan, the country’s statistics bureau said this week, as prices of most essential items remained stable.

The SPI, which comprises 51 essential items collected from 50 markets in 17 cities, is computed on a weekly basis to assess the price movement of essential commodities at a shorter interval of time to review the price situation in the country.

While the SPI for the week ending on May 29 decreased 0.81% on a week-on-week basis, it recorded an increase of 0.41% when compared to the same week last year, according to the Pakistan Bureau of Statistics (PBS).

“During the week, out of 51 items, prices of 14 (27.45%) items increased, 10 (19.61%) items decreased and 27 (52.94%) items remained stable,” the PBS said.

A decrease was observed in the prices of electricity charges for Q1 (10.10%), chicken (8.51%), LPG (2.67%), sugar (0.25%), powdered milk (0.20%), vegetable ghee 2.5Kg (0.17%), wheat flour (0.09%), rice (0.07%), garlic (0.05%) and pulse moong (0.01%).

The items whose prices increased during the week included tomatoes (4.54%), potatoes (2.94%), eggs (2.19%), onions (2.17%), gur (0.77%), bananas (0.73%), mustard oil (0.34%), pulse mash (0.22%), pulse gram (0.17%), pulse masoor (0.14%) and basmati rice (0.12%).

Pakistan’s annual inflation rate fell to 0.3% in April, well below the Ministry of Finance estimate of 1.5% to 2%. The central bank forecasts average inflation to be in the range of 5.5% to 7.5% for the fiscal year ending June.

Also, the Pakistan Stock Exchange (PSX) recorded a 7.5% gain in May on a month-on-month basis, according to the Karachi-based Topline Securities.

“This gain can be attributed to cut in policy rate by 100bps by SBP,” it said in its monthly review, citing improvement in inflation outlook and approval of first review of Pakistan’s $7 billion International Monetary Fund (IMF) program as well as the approval of another $1.4 billion under the IMF’s Resilience and Sustainability Facility.

“Average daily traded volume and value during the month stood at 566 million shares and PKR28 billion.”


Pakistan’s finance chief stresses apolitical funding approach in meeting with World Bank officials

Pakistan’s finance chief stresses apolitical funding approach in meeting with World Bank officials
Updated 31 May 2025
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Pakistan’s finance chief stresses apolitical funding approach in meeting with World Bank officials

Pakistan’s finance chief stresses apolitical funding approach in meeting with World Bank officials
  • Aurangzeb’s statement comes after India lobbied the IMF to halt a $1 billion disbursement in recent weeks
  • Minister meets the incoming World Bank country director, commends her predecessor in Islamabad

KARACHI: Pakistan’s Finance Minister Muhammad Aurangzeb on Friday called for a merit-based approach to global development financing, urging international lenders to rise above political considerations during a meeting with incoming and outgoing World Bank country directors in Islamabad.

The meeting followed weeks of diplomatic friction between nuclear-armed rivals India and Pakistan, which escalated into a four-day military standoff involving fighter jets, missiles, drones and artillery fire.

Amid the tensions, Indian authorities lobbied the International Monetary Fund (IMF) to halt the disbursement of a $1 billion tranche to Pakistan, saying the funds could finance Islamabad’s military activities.

IMF officials later dismissed the concerns, emphasizing the disbursement mechanisms ensured transparency and that IMF support was intended to stabilize developing economies’ balance of payments, with the funds directed to central banks rather than governments.

“The Minister ... highlighted the recent successful completion of the International Monetary Fund (IMF) review and the subsequent $1 billion disbursement under the Extended Fund Facility (EFF), along with additional resources made available through the Resilience and Sustainability Facility (RSF),” said a statement circulated by the finance ministry after the meeting.

“He noted that development finance must be guided by merit and objective assessment, rising above political considerations to ensure sustainable progress,” it added.

Aurangzeb also praised the World Bank’s longstanding support for Pakistan’s economy, especially in times of fiscal stress, and reiterated Islamabad’s commitment to deepening collaboration with the institution.

He extended a warm welcome to Bolormaa Amgaabazar, the new World Bank Country Director for Pakistan, while commending her predecessor, Najy Benhassine, for his contributions during his tenure.

A key point of discussion was the World Bank’s 10-year Country Partnership Framework (CPF), a strategic agreement designed to guide development cooperation through targeted investments in Pakistan’s critical sectors.

The CPF, finalized during Benhassine’s tenure, will now be overseen by Amgaabazar and aims to unlock $20 billion for the country.

Aurangzeb highlighted the importance of effective implementation of the framework to fully leverage the Bank’s institutional, technical and financial support.

The meeting reaffirmed mutual commitment to strengthening Pakistan’s economic resilience and advancing inclusive development through strategic partnerships, the finance ministry said.


‘Everything came crashing down’: US visa freeze shatters hopes of young Pakistani students

‘Everything came crashing down’: US visa freeze shatters hopes of young Pakistani students
Updated 31 May 2025
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‘Everything came crashing down’: US visa freeze shatters hopes of young Pakistani students

‘Everything came crashing down’: US visa freeze shatters hopes of young Pakistani students
  • Washington has temporarily suspended student and exchange visa appointments to expand social media vetting
  • Pakistani students say the move threatens their academic year and could cause them significant financial losses

ISLAMABAD: For many in Pakistan, the US visa freeze has felt like a devastating setback after years of academic effort and ambition, affected applicants and an education consultant said on Friday.

The suspension, ordered by US Secretary of State Marco Rubio earlier this week, halts new student and exchange visa appointments worldwide and is part of a broader policy under President Donald Trump’s administration to intensify screening of foreign nationals, including expanded social media vetting.

US embassies have been instructed to pause interviews while new guidelines are being finalized, as officials in Washington say the goal is to identify potential security risks amid a rise in campus activism following Israel’s war in Gaza, which has sharply polarized student opinion.

Trump’s critics argue, however, the measures are discriminatory and risk undermining access to American higher education for bright students from developing countries — long considered a cornerstone of the US advantage in global research and innovation.

“I had always dreamed of pursuing higher education in the United States and after months of preparation, hard work and dedication, I finally got accepted into New York University,” Mohammad Ibrahim, a student from Lahore, told Arab News over the phone.

“But just as I was preparing for the next big chapter of my life, everything came crashing down,” he continued, adding that due to the sudden visa ban imposed by the Trump administration, his plans have been put on hold.

Ibrahim said despite getting admission after meeting all the university requirements, he was now stuck in an uncertain situation, with nothing to do but wait, hope and keep trying to move forward, even when everything had suddenly gone beyond his control.

“It’s disappointing,” he said. “An entire year of my life feels like being wasted.”

Inayah Murtaza, an exchange program candidate from the same city, said the new US policy had led to delays in visa interviews and a ban on the exchange student program, leaving her and many others devastated.

“American higher education system provides excellent opportunities. However, the recent policies by the Trump administration are extremely devastating,” she said, adding the ban had hurt her both emotionally and financially.

For Malik Zalaid Hassan, from Sheikhupura, who had secured admission to study artificial intelligence at the University of California, the visa suspension was a huge setback.

“I won’t get my money back… I just lost a ton of money,” he told Arab News, emphasizing he had already paid thousands of dollars in tuition and housing fees.

“I really hope America does something about this and I really hope it changes because this has an impact on a lot of people,” he continued.

Mohammad Ayyan Akhtar, a counselor at UniGrad, an education consultancy firm in Lahore, said the visa appointments ban had placed many students in a heart-wrenching situation.

“It includes their financial losses, and on top of everything, their academic loss is a big concern,” he said.

“The Trump administration should lift [the ban] as early as possible to save the loss of hundreds of Pakistani students [of their] academic year,” he added.


Trump says Pakistani representatives coming to US next week for trade talks

Trump says Pakistani representatives coming to US next week for trade talks
Updated 17 min 46 sec ago
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Trump says Pakistani representatives coming to US next week for trade talks

Trump says Pakistani representatives coming to US next week for trade talks
  • Pakistan faces a potential 29% tariff on its exports to the United States due to a $3 billion trade surplus with world’s biggest economy
  • Trump said he would have no interest in making a deal with the South Asian country or its neighbor, India, if they were to engage in war

ISLAMABAD: US President Donald Trump said on Friday representatives from Pakistan are coming to the United States next week for trade talks, following a conversation between Pakistani Finance Minister Muhammad Aurangzeb and US Trade Representative Ambassador Jamieson Greer to launch the process.

The talks come after US President Donald Trump imposed steep tariffs on a number of countries earlier this year, a move widely viewed as a setback for the global economy still recovering from the coronavirus pandemic.

Pakistan faces a potential 29% tariff, currently under a 90-day pause announced in April, on its exports to the United States due to a $3 billion trade surplus with the world’s biggest economy.

“As you know, we’re very close making a deal with India,” Trump told reporters at Joint Base Andrews after departing Air Force One.

The US is Pakistan’s largest export destination and the new duties threatened to undermine Islamabad’s fragile economic recovery.

Finance Minister Aurangzeb described the beginning of trade talks with the US as both a challenge and an opportunity to reset trade ties, according to his ministry.

“Pakistan’s formal negotiations on US reciprocal tariffs kick-started between Mr. Muhammad Aurangzeb, Pakistan’s Finance Minister, and Ambassador Jamieson Greer, United States Trade Representative through a telephonic/conference call on 30th May, 2025,” it said.

“The two sides exchanged their viewpoint through a constructive engagement with the understanding that technical level detailed discussions would follow in the coming few weeks.”

According to Pakistan’s central bank, the country exported $5.44 billion worth of goods to the US in 2024. From July to February of the current fiscal year, exports to the US reached $4 billion, up 10 percent from the same period last year.

Nearly 90 percent of those exports are textiles, which analysts say will be hardest hit.

Experts have also warned previously the tariffs could reduce Pakistan’s competitiveness, especially if regional exporters such as China, Bangladesh and Vietnam redirect more goods to Europe, intensifying competition in alternative markets.

With additional input from Reuters


Police in Islamabad briefly detain senior rights activists protesting Israel’s war in Gaza

Police in Islamabad briefly detain senior rights activists protesting Israel’s war in Gaza
Updated 30 May 2025
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Police in Islamabad briefly detain senior rights activists protesting Israel’s war in Gaza

Police in Islamabad briefly detain senior rights activists protesting Israel’s war in Gaza
  • Tahira Abdullah and Samina Khan were detained by police outside the Islamabad Press Club
  • No charges were specified, and both rights activists were released by the police later in the day

ISLAMABAD: Two senior human rights activists, Tahira Abdullah and Samina Khan, were briefly detained by police on Friday outside the Islamabad Press Club for ostensibly protesting against Israel’s war in Gaza before their release later in the day.

A video purportedly showing their arrest depicts them wearing Palestinian flags and keffiyeh scarves as they are escorted away by women police personnel, along with a man and three youths.

Abdullah can be seen asking a policeman why they are being taken away. She then tells the female police personnel not to push her and Khan, and requests that they be moved to a separate car instead of the police truck.

“They [Abdullah and Khan] were illegally picked up from outside the Islamabad Press Club premises and taken away to the women police station in G-7,” lawyer Hadi Ali Chattha told Arab News.

“They aren’t allowed to meet their counsel to discuss options,” he continued. “Station House Officer (SHO) Misbah Waqas is refusing to let their families and counsel meet them.”

Police did not specify any charges against the two rights activists. Islamabad police spokesperson Dr. Taqi Javed also did not respond to a query from Arab News in this regard.

Last year in May, Abdullah was among the protesters who staged a demonstration at Islamabad’s D-Chowk in support of the Palestinians. She had urged everyone to come out in large numbers, saying the Pakistani government would not pay heed to their demands otherwise.

The Islamabad Press Club is a key venue in Pakistan’s capital where journalists and activists hold press conferences and protests. It serves as a platform for raising awareness and drawing media attention to political and social issues. Protesters use it to voice demands and push for government action.

A video of Abdullah and Khan that was later shared by lawyer Chattha shows them stepping out of the police precinct after being released, chanting the slogan, “Free, free Palestine.”

Pakistan does not recognize Israel and supports an independent Palestinian state based on pre-1967 borders, with Jerusalem as its capital.