Pakistan gears up to host its first World Environment Day this year

Local residents wearing facemasks amid concerns of the spread of the COVID-19 coronavirus, plant trees on a green belt along a street in Islamabad, Pakistan, on March 13, 2020. (AFP/File)
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Updated 23 May 2021
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Pakistan gears up to host its first World Environment Day this year

  • World Environment Day has been observed every year on June 5 since 1973
  • This year’s observance will mark formal launch of UN Decade on Ecosystem Restoration 2021-2030

ISLAMABAD: Pakistan said on Sunday it will promote its ecosystem restoration achievements during this year's World Environment Day, which for the first time will be hosted by the country in partnership with the UN Environment Program (UNEP).

World Environment Day has been observed every year since 1973 on June 5 to raise awareness of the environment and encourage participation in conservation activities.

This year’s observance of World Environment Day, themed "ecosystem restoration," will also mark the formal launch of the UN Decade on Ecosystem Restoration 2021-2030.

Referring to the country's afforestation and climate action programs, Pakistan's Ministry of Climate Change said it was going to promote its "big achievements for ecosystem restoration on upcoming World Environment Day 2021."

The Pakistani government will, in particular, highlight its flagship 10 Billion Tree Tsunami program.

The ambitious Rs7.5 billion ($46 million) five-year tree-planting project, was launched in 2018 with the aim of countering rising temperatures, flooding, droughts and other extreme weather in the country that scientists link to climate change.


Pakistan stocks soar to record high amid budget buzz, IMF tranche

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Pakistan stocks soar to record high amid budget buzz, IMF tranche

  • Pakistan this week received second tranche of special drawing rights worth $1,023 million from IMF under EFF program
  • Pakistan’s federal budget for next fiscal year to be finalized within next four weeks, budget talks with IMF from May 14-23

ISLAMABAD: Bulls took charge of the local bourse today, Thursday, as the Pakistan Stock Exchange surged to new heights, fueled by optimism surrounding upcoming budget announcements and the release of a $1 billion tranche by the IMF, analysts said.

Pakistan on Wednesday received the second tranche of special drawing rights worth 760 million ($1,023 million) from the IMF under an extended fund facility (EFF) program. The IMF last week approved a fresh $1.4 billion loan to Pakistan under its climate resilience fund and also approved the first review of its $7 billion program, freeing about $1 billion in cash.

Pakistan’s federal budget for the next fiscal year, starting July, will be finalized within the next four weeks, with scheduled budget talks with the IMF to take place from May 14-23, according to the finance ministry.

The benchmark index witnessed a remarkable intraday rally, climbing as much as 1,453 points before closing with an impressive gain of 1,425 points at 119,961, marking a 1.20% increase and setting a new all-time high.

“Refinery stocks ended the day in the green amid sector-specific developments,” brokerage house Topline Securities said in a daily market review. 

“The government is working to finalize a binding legal framework between oil marketing companies and refineries, with key clauses like take-or-pay aimed at resolving ongoing disputes over product upliftment and HSD imports — a move expected to bring greater clarity and stability to the supply chain.” 

Market participation also picked up, with total traded volume reaching 695 million shares and a traded value of Rs39.01 billion. Pakistan Refinery Limited topped the volume chart with 50.8 million shares traded.

Samiullah Tariq, head of research and development at Pak Kuwait Investment Company Ltd, said the market was positive due to recent inflows from the IMF, noting the “expectations of further inflows on the back of the IMF Board approval.”

Thursday’s bullish momentum also comes as the market continues to recover from upheaval brought by the most intense military row between Pakistan and India in years last week. The two nuclear-armed nations agreed to a US-brokered ceasefire on Saturday. 


Imran Khan spokesman rejects Pakistan media report party accepted PM’s offer for talks

Updated 15 May 2025
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Imran Khan spokesman rejects Pakistan media report party accepted PM’s offer for talks

  • News report claims Khan instructed party’s chairman to hold talks with government in private for “meaningful outcomes”
  • Khan aide Sayed Zulfikar Bokhari describes report as “fake news,” says government did not make any offer for talks

KARACHI: Former premier Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party spokesperson on Thursday rejected a news report that claimed he had given the green signal for fresh negotiations with the government, describing it as “fake news.”

Pakistani English language newspaper “The News” reported on Thursday that Khan had accepted Prime Minister Shehbaz Sharif’s offer to hold negotiations and instructed the party’s chairman, Gohar Ali Khan, to proceed with talks. The report said Khan had expressed “a strong preference” that the talks be conducted away from the TV cameras to ensure “meaningful outcomes.”

The PTI and the Pakistan Muslim League-Nawaz (PML-N) government have been at loggerheads ever since Khan was ousted from the prime minister’s office via a parliamentary vote in April 2022. The former premier has been in jail since August 2023 on a slew of charges he says are politically motivated. His party has led anti-government protests and marches that have led to clashes with law enforcement personnel.

“There is no such statement made by Imran Khan,” Sayed Zulfikar Bokhari, Khan’s adviser on international affairs and a former federal minister, told Arab News. “It is fake news. Neither has any offer been made to sit with Shehbaz Sharif or vice versa.”

Meanwhile, Gohar declined to comment on the development. Information Minister Attaullah Tarar and the government’s legal spokesperson, Aqeel Malik, did not respond to Arab News’ request for a comment.

Attempts to break the political deadlock in the country via a dialogue between the PTI and the government began in December 2024. However, talks collapsed after the PTI in January presented its demands, which included the formation of judicial commissions to probe the party’s anti-government protests in May 2023 and November 2024.

The violent protest rallies, including the one on May 9, 2023, saw people carrying PTI flags rampage through military offices and installations. A second anti-government protest in November 2024 was held by the party to demand Khan’s release from prison. The government says four troops were killed in clashes with Khan supporters. The PTI denies the charges and claimed its supporters were shot by law enforcers.

The PTI gave the government seven days to form the judicial commissions, after the expiry of which the party unilaterally withdrew from talks in January.


Trump says Pakistan-India dispute settled, both ‘very happy’

Updated 15 May 2025
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Trump says Pakistan-India dispute settled, both ‘very happy’

  • Nuclear-armed neighbors halted their worst fighting in nearly three decades after agreeing to US-brokered ceasefire
  • Deadly fighting broke out between arch rivals last week after India struck what it said were “terror camps” in Pakistan

ISLAMABAD: President Donald Trump said on Thursday hostilities between Pakistan and India were settled and both nations were “very happy” with a ceasefire brokered by the US last week.

The nuclear-armed neighbors halted their worst fighting in nearly three decades after agreeing to a ceasefire on Saturday, following diplomacy and pressure from the United States.

“And Pakistan was very happy with that [ceasefire] and India was very happy with that and I think they’re on the way,” Trump told troops at a base in Qatar during a Gulf tour.

“We got that settled where everybody was very happy. I’ll tell you that it looked like it was really going to be escalating out of control.”

Deadly fighting broke out between the longstanding enemies last week after India struck what it said were “terrorist camps” in Pakistan in retaliation for an attack in Indian-administered Kashmir last month that killed 26. New Delhi said the assault was backed by Pakistan.

Islamabad had denied the allegations, and both countries sent missiles and drones into each other’s airspace in the days that followed, before they reached a truce.

Kashmir is disputed between India and Pakistan since 1947, with both claiming it in full but ruling it in part.


Pakistan says US decision to lift Syria sanctions ‘pivotal step’ for regional stability

Updated 15 May 2025
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Pakistan says US decision to lift Syria sanctions ‘pivotal step’ for regional stability

  • US President Donald Trump this week announced lifting Syria sanctions “to give them a chance at greatness”

ISLAMABAD: Pakistan’s foreign office on Thursday welcomed US President Donald Trump’s decision to lift sanctions on Syria, describing the decision as a “pivotal step” toward regional stability and the country’s economic recovery. 

In a speech given in Riyadh amidst Trump’s trip to the Middle East this week, the US president said he “will be ordering the cessation of sanctions against Syria in order to give them a chance at greatness.”

The surprise announcement marked a significant shift in Washington’s policy toward Syria, where sanctions targeted ousted President Bashar Assad’s government during several years of war. US imposed the sanctions on Syria over its alleged crackdown on dissent and reported human rights abuses. 

“Pakistan welcomes the United States’ decision to lift sanctions from Syria, marking a pivotal step toward regional stability and economic recovery,” the Ministry of Foreign Affairs (MoFA) said in a statement. 

The foreign office said Islamabad has consistently advocated for constructive engagement and dialogue. It added that the easing of sanctions is expected to facilitate economic growth, improve access to essential services and support the rebuilding efforts of the Syrian authorities.

“We commend the commitment of all countries, in particular the US, Turkiye, Saudi Arabia, and Qatar, working constructively toward a peaceful Syria,” it added. 

The foreign office said Islamabad supports a Syrian-led and Syrian-owned resolution, and remains steadfast in its support for the country’s unity, sovereignty and territorial integrity.

Syria’s new government has sought to rebuild its ties with regional countries and international financial institutions after Assad’s ouster. The United Kingdom has also removed its sanctions on 12 Syrian government entities, including the ministries of defense and interior, and the General Intelligence Directorate.


UAE to build 20-bed hospital in Sindh under agreement with provincial government

Updated 15 May 2025
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UAE to build 20-bed hospital in Sindh under agreement with provincial government

  • The hospital will be constructed in Qambar in the northwestern part of the province
  • UAE has also built similar health care facilities in places like Sukkur and Larkana

KARACHI: The United Arab Emirates and Pakistan’s provincial government of Sindh signed a memorandum of understanding (MoU) on Thursday to establish a modern 20-bed hospital in Qambar, located in the northwestern part of the province, according to an official statement.

The UAE has undertaken several health care and development projects in Sindh in recent years, including the expansion of Sheikh Zayed Hospital for Women in Larkana and a pledged women and children’s hospital in Sukkur.

The new facility in Qambar adds to a growing portfolio of UAE-backed efforts aimed at improving public services and infrastructure in underserved areas of the province.

“The United Arab Emirates will establish a 20-bed hospital equipped with modern medical facilities in Qambar,” the Chief Minister’s spokesperson said.

“The facility will be named Sheikh Zayed Hospital,” the statement added.

Chief Minister Murad Ali Shah, who attended the signing ceremony held at his official residence, thanked the UAE authorities for the initiative and said it would help improve health care access in an underserved part of the province.

Pakistan and the UAE have longstanding ties, with the Gulf country supporting multiple infrastructure and humanitarian projects across Pakistan in recent years.

The UAE is also home to a large Pakistani community, which is one of the biggest sources of remittances to the South Asian country