Analysts hopeful Pakistan finance minister can secure multilateral donor commitments during US visit

Pakistan's finance minister Senator Ishaq Dar chairs a meeting of the Executive Committee of the National Economic Council (ECNEC) in Islamabad, Pakistan on October 7, 2022. (Twitter/FinMinistryPak)
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Updated 12 October 2022
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Analysts hopeful Pakistan finance minister can secure multilateral donor commitments during US visit

  • Dar leaves for DC amid unprecedented economic crisis as Pakistan grapples with aftermath of cataclysmic floods
  • Pakistani experts said Dar’s top task in DC was convincing multilateral donors of expedited loan program, project financing

KARACHI: As finance minister Ishaq Dar left for Washington on Tuesday to hold talks with the International Monetary Fund (IMF) and the World Bank, Pakistani experts said they hoped the South Asian nation would convince multilateral donors to expedite financing and relax conditionalities amid widespread devastation from recent floods.

Dar leaves for DC amid an unprecedented economic crisis, with Pakistan grappling with mounting inflation, depleting forex reserves, an increasing trade deficit, and over $30 billion in damages caused by cataclysmic floods that have killed over 1,700 people and left 33 million scrambling for survival.

In response to an emergency relief call from the United Nations, the country now expects to receive around $4 billion from multilateral donors, including $1.5 billion from the Asian Development Bank (ADB) and $0.5 billion from the Asian Infrastructure Investment Bank (AIIB) by the end of current month.

Pakistan is also expecting around $1 billion from the UN and $1 billion from the World Bank by December this year. The World Bank’s commitment is dependent on the completion of conditionalities, according to a central bank briefing on Monday.

On Tuesday, Pakistani experts said Dar’s top task in DC was convincing multilateral donors to disburse their commitments.

“Pakistani authorities must be able to convince multilaterals of an expedited [loan] program and project financing,” Dr. Khaqan Najeeb, a former finance ministry adviser, told Arab News.

“In addition, authorities [while in DC] should work to refinance a $1 billion bond, which is due in 2022, rollover or reschedule existing facilities of $7 billion with bilateral partners, access concessional facilities and ensure commercial rollovers.”

Dar’s Washington visit to attend the annual meeting of the World Bank and IMF comes ahead of the 9th review of a $7 billion loan program from the IMF, that is due on October 25, 2022.

Before leaving for Washington, Dar had assuaged spooky investors by saying the government would fully honor its commitments made with the IMF and other creditors.

“We will honor our commitments no matter what, irrespective of the government who made the agreements. Pakistan is an independent and sovereign state and the current government under the leadership of Prime Minister Shehbaz Sharif is fully determined to protect and maintain its national sovereignty and integrity,” Dar told journalists on Saturday at a press conference.

Pakistan, a member of the IMF since 1950, went to the fund for the first time in 1958. Since then the country has signed some 23 agreements, with all ending prematurely, except one.

Pakistani analysts are hopeful of the success of the Dar’s visit in securing some solid commitments from multilateral donors amid the widespread destruction caused by floods.

“The finance minister is expected to talk on relaxation of IMF conditionalities in the backdrop of floods damages for the next review,” Tahir Abbas, the head of research at Arif Habib Limited, a brokerage firm, said.

“In addition, Dar is expected to hold talks with the World Bank for additional funding. I think Dar will be able to secure additional funding after completion of some modalities and will get relaxation from the IMF keeping in view the ground realities after floods.”

Khaqan, agreeing with Abbas, said: “All important aspects related to ensuring stability in Pakistan’s Balance of Payments challenge would hopefully see some progress in Washington.”

Although the full impact of flood damages is yet to be known, the South Asian economy has started decelerating, with Moody’s lowering its real economic growth to 0-1 percent for fiscal 2023 from a pre-flood estimate of 3-4 percent while the World Bank and Pakistan’s central bank forecasts stand at 2 percent and 3 percent respectively.

Given this, Pakistani experts stress revising the macro-framework and continued engagement with the IMF.

 “Pakistan must continue with the IMF as an anchor for its stamp of approval and accessing funds under the program,” Khaqan said. “But what has become necessary is to finalize a revised macro-framework to form the basis for further negotiations with the IMF.”


Students in Lahore protest America’s ‘hypocritical’ support for Israel’s war in Gaza

Updated 12 min 47 sec ago
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Students in Lahore protest America’s ‘hypocritical’ support for Israel’s war in Gaza

  • Students say United States raises rights concerns everywhere without criticizing Israel for its occupation
  • They block the road leading to the American consulate, make fiery speeches and chant slogans for hours

LAHORE: A student organization blocked the road leading to the United States Consulate in Lahore on Tuesday, protesting the American support for Israel’s war in Gaza by making fiery speeches for several hours and chanting pro-Palestine slogans.
The Progressive Students’ Collective (PSC) is a student-led movement in Pakistan which has staged protests in solidarity with the Palestinian cause, including disrupting a speech by the German ambassador to the country last week.
Both students and civil society activists highlighted the “glaring hypocrisy” of western nations like the United States and Germany, saying they raised human rights concerns in the developing states while staying silent about the plight of Palestinians under Israeli occupation.
A media statement issued by the PSC advocated for Boycott, Divestment and Sanctions (BDS) against Israel and its powerful state and corporate funders while highlighting the Palestinian rights to resist, right and self-determination.
There were hundreds of Palestinian flags and people wearing keffiyeh, chanting slogans in favor of intifada and revolution.
“When looking at atrocities being committed across the globe, [we have to ask] who is enabling them,” 23-year-old Ali Raza, who delivered the opening address at the protest, told Arab News. “It is on American shoulders that Israelis put their weapons before firing them at Palestinians.”
He went on to describe Israel as a “proxy state,” policing the Middle East for “western imperial powers.”
Raza, the former PSC vice president, said the students chose the US consulate as the venue for protest because since it was the largest state funder of Israeli occupation.
Earlier, the told the gathering the US monitored freedom of expression across the world, but police officers retrain American university professors by force who speak up for Palestinian rights, adding that was what hypocrisy looked like.
At the Asma Jahangir Conference in Lahore last Saturday, the current PSC spokesperson, Ali Abdullah Khan, protested against the German ambassador’s speech and disrupted him while he was discussing civil rights in South Asia.
“We protested against him, protested against his invitation [to the conference],” he told Arab News.
Khan said the students’ collective wanted to make Pakistan an important part of the global student-led BDS movement against Israel.
He pointed out the PSC wanted to show solidarity with the students who were being expelled from Columbia University in New York for protesting against the Israeli occupation.
“We support the Palestinian right to resist, we support the Palestinian right to return, we support the Palestinian right to self-determination,” Khan said in his speech to the demonstration. “We want to talk about putting an end to settler colonialism, putting an end to imperialism and we want to talk about a free and independent Palestinian state.”


Pakistan’s army chief meets top UK generals at regional stabilization conference

Updated 01 May 2024
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Pakistan’s army chief meets top UK generals at regional stabilization conference

  • A 30-member UK delegation is visiting Pakistan until May 3 for the flagship UK-Pakistan security dialogue
  • The scope of the discussion this year has been expanded from bilateral to regional issues amid volatility

ISLAMABAD: Pakistan’s army chief General Asim Munir held a meeting with the United Kingdom’s Chief of the General Staff (CGS) General Patrick Sanders on the sidelines of the opening session of the 6th Pakistan-UK Regional Stabilization Conference at the National Defense University on Wednesday.
According to the military’s media wing, ISPR, the conference is a flagship defense and security dialogue alternatively hosted by the two states, bringing together experts from diverse fields including diplomats, defense officials, scholars and civil society representatives.

Currently, a 30-member UK delegation is visiting Pakistan in connection with the conference and will stay in the country until May 3.
“This year, the scope of discussion has been expanded from bilateral to regional issues and defense officials of both countries are also participating in the conference,” the ISPR said.
It mentioned the meeting of Pakistan’s chief of army staff (COAS) with General Sanders and the British CGS-designate General Roland Walker in which measures related to further enhancing bilateral defense ties came under discussion.
“The COAS thanked General Patrick Sanders for his services in enhancing bilateral military ties and felicitated General Roland Walker on his nomination as the next CGS of the UK Army,” it added.


Pakistan’s deputy PM arrives in Gambia to discuss Gaza, Kashmir at OIC summit

Updated 01 May 2024
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Pakistan’s deputy PM arrives in Gambia to discuss Gaza, Kashmir at OIC summit

  • Ishaq Dar plans to highlight the need to find collective solutions to challenges confronting the Muslim world
  • Dar, who also holds external affairs portfolio, will first attend foreign ministers’ meeting before the weekend summit

ISLAMABAD: Pakistan’s newly appointed Deputy Prime Minister Ishaq Dar arrived in Gambia on Wednesday to represent his country at the 15th summit of the Organization of Islamic Cooperation (OIC) where he will discuss the situation in Gaza and present Pakistan’s case on Kashmir.
The OIC summits are convened to discuss and address major issues affecting the Muslim world, ranging from political and economic challenges to social and cultural matters.
These summits aim to promote Muslim solidarity in social and political affairs, coordinate efforts to safeguard the interests and well-being of Muslims and work toward resolving conflicts and issues in the Muslim world.
Dar, who also holds the portfolio of external affairs, will first participate in the two-day OIC Council of Foreign Ministers’ meeting beginning Thursday before the summit over the weekend.
“At the Summit, the Deputy Prime Minister and Foreign Minister will speak about Pakistan’s perspective on the ongoing genocide in Gaza, the right to self-determination of the people of Jammu & Kashmir, imperatives of solidarity and unity of the Ummah, rising Islamophobia, issues of climate change, terrorism and other contemporary global challenges,” the foreign office said in a statement.
“He will underline the need to find collective solutions to challenges confronting the Muslim Ummah,” it added.
The Pakistani foreign office noted the summit was being convened at a critical time for the Muslim world as the war on the people of Gaza was still continuing.
It described it as an important occasion for the OIC leaders to deliberate upon the dire situation in Gaza and project a strong, collective and unified stance on the Palestinian question.
“On the sidelines, the Deputy Prime Minister and Foreign Minister will hold bilateral meetings with leaders and Foreign Ministers participating in the Summit,” it added.


Innovative ambulance service in Pakistani capital offers care for mental health patients

Updated 39 min 7 sec ago
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Innovative ambulance service in Pakistani capital offers care for mental health patients

  • According to World Health Organization, 24 million people in the country are affected by mental health issues
  • Embrace ambulance service has been exclusively focusing on mental health patients since its initiation in 2021

ISLAMABAD: Located just 30 minutes from Islamabad in the picturesque village of Pind Begwal, a unique ambulance center focuses exclusively on mental health patients in and around Pakistan’s federal capital.
The service, named Embrace, was initiated as a pilot project by public health professional Abdullah bin Abbas during the COVID-19 pandemic before it was officially launched last month.
The center addresses Pakistan’s significant mental health challenges, where about 24 million people are affected according to 2023 World Health Organization estimates.
It provides specialized transportation for patients, many of whom display behaviors that are challenging for families to manage, such as isolation or suicidal tendencies.
Operating three ambulances, the service focuses on discreetly moving patients to receive appropriate care, thereby helping to mitigate the stigma associated with mental health issues in the country.
“Since it’s official launch, we have received an amazing response from the public and we have handled 60 to 70 cases just within the past month and this volume is increasing regularly,” Abbas, the center’s chief executive officer, told Arab News on Tuesday.
The concept of mental health ambulances was first tested in Sweden to assist those experiencing psychological distress. This innovative approach allowed for basic help and services to be delivered directly to individuals’ doorsteps, providing timely treatment and transportation to rehabilitation facilities when needed.
Abbas noted that even in major Pakistani cities, the mental health care infrastructure was inadequate. He pointed out this also prompted him to launch the ambulance service after securing initial funding from Columbia University.
“There are a lot of rehab centers and clinics that are being operated in some very unethical environments,” he continued. “So, what we wanted to do was provide a service to the general public which is accessible, affordable and operated in a professional and ethical manner.”
He noted that Embrace had established standards in line with international protocols, under the guidance of an oversight committee that included psychiatrists and psychologists.
He also pointed out that the transport vehicles were designed to be discreet, without any markings to indicate they were serving mental health patients.
“We have a total staff of 15 people that includes both men and women, and they have been extensively trained in psychological first aid, compassionate communication, and how to handle psychiatric patients,” he said, adding that the Embrace staff had interned at various psychiatric clinics and learned how to respond to emergencies.
To make the venture financially viable, the ambulance facility charges for its services based on the patient’s financial condition while keeping it free for deserving patients.
Zainab Nosheen, a first responder nurse at the center, said whenever a call for the ambulance service comes in, the team investigates whether the person needs to be shifted to a health care facility.
“If there is a female patient, then female staff go and help the patient shift to the desired hospital or clinic,” she said, adding the first step was a conversation with the family about the patient’s condition.
“Then, our first attempt is to make the patient agree to go to the doctor with us,” she added. “For that, we have different strategies which vary from patient to patient. At times, our communication takes 30 to 40 minutes to convince the patient to come with us.”
Arshad Mahmood, another first responder, said he had transported 25 patients using the Embrace ambulance service in the last two years, noting that some patients exhibited violent and threatening behavior.
“To deal with such situations, we have also taken self-defense training,” he told Arab News.
“Once we shift the patient into the ambulance, then the attendant decides which hospital to take them to for treatment, and we act accordingly,” he added.


Pakistan to launch ‘historic’ lunar mission aboard China’s Chang’e 6 on May 3

Updated 01 May 2024
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Pakistan to launch ‘historic’ lunar mission aboard China’s Chang’e 6 on May 3

  • Pakistan’s Institute of Space Technology has built ICUBE-Q in collaboration with Shanghai University and SUPARCO
  • The student-built payload carries two optical cameras to image lunar surface and will be part of China’s mission to the Moon

ISLAMABAD: Pakistan is scheduled to send its “historic” lunar mission (ICUBE-Q) on board China’s Chang’e6 which is scheduled to be launched on May 3, reported the state-owned Associated Press of Pakistan (APP) news agency on Tuesday.
ICUBE-Q has been designed and developed by the Institute of Space Technology in collaboration with China’s Shanghai University and Pakistan’s national space agency SUPARCO.
“ICUBE-Q orbiter carries two optical cameras to image the lunar surface,” the APP reported. “Following successful qualification and testing, ICUBE-Q has now been integrated with the Chang’e 6 mission.”
China is set to launch a first ever attempt to collect samples from the far side of the Moon.
The Chinese mission aims to grab samples containing material ejected from the lunar mantle and thus provide insight into the history of the Moon, Earth and Solar System.
According to the website of the Institute of Space Technology, China’s national space agency allowed Asia Pacific Space Cooperation Organization member states to send student-built payload to the Moon with its mission.
The Pakistani institution built a device that was selected for the purpose after rigorous evaluation.