Pakistan finance minister leaves for Saudi Arabia to attend AlUla conference on emerging economies

Pakistan finance minister leaves for Saudi Arabia to attend AlUla conference on emerging economies
Pakistan’s Minister for Finance and Revenue Muhammad Aurangzeb speaks during a discussion on Pakistan, during the International Monetary Fund and World Bank Group 2024 Annual Meetings, in Washington, DC on October 22, 2024. (Sipa USA via Reuters/File)
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Updated 16 February 2025
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Pakistan finance minister leaves for Saudi Arabia to attend AlUla conference on emerging economies

Pakistan finance minister leaves for Saudi Arabia to attend AlUla conference on emerging economies
  • The conference will provide a unique platform for world leaders to discuss and analyze domestic, regional and global economic developments
  • Finance Minister Muhammad Aurangzeb’s participation comes in context of policy measures that have led to stability in the Pakistani economy

ISLAMABAD: Pakistan Finance Minister Muhammad Aurangzeb has left for Saudi Arabia to attend the AlUla Conference for Emerging Market Economies, the Pakistani finance ministry said on Saturday.

The AlUla Conference for Emerging Market Economies is an annual economic policy conference, organized by Saudi Arabia’s finance ministry and the International Monetary Fund (IMF) regional office in Riyadh.

The conference will convene a select group of emerging markets’ ministers of finance, central bank governors, and policymakers, as well as public and private sector leaders, international institutions, and academia.

Aurangzeb is attending the two-day conference, starting on Sunday, on the invitation of his Saudi counterpart Mohammed Al-Jadaan, in context of policy measures that have led to the stability and positive changes in the Pakistani economy despite the uncertain regional and global environment.

“Muhammad Aurangzeb will participate in a high-level panel discussion on the topic of ‘The Path to Emergent Markets’ during the conference,” the Pakistani finance ministry said. “IMF Managing Director Kristalina Georgieva will host the panel discussion.”

Pakistan is currently navigating a tricky path to economic recovery under a $7 billion International Monetary Fund (IMF) loan program it secured in September last year. The South Asian country has undertaken several reforms and policy measures since averting an imminent default on its external debt in 2023.

The conference will have a total of 9 sessions in which 200 participants and 36 speakers will participate, according to the Pakistani finance ministry.

The forum will discuss ways to build resilience in a changing world, and appropriate economic and financial policies needed for emerging markets and developing economies to address economic challenges.

It comes at a time when the world is grappling with deep and persistent economic shocks, trade tensions between major world powers, geopolitics, and tight financial conditions.

“The conference will provide a unique platform for world leaders to discuss and analyze domestic, regional, and global economic conditions and developments, and to exchange ideas on solutions to global challenges,” the Pakistani finance ministry added.


Pakistan condoles passing of Saudi Arabia’s Prince Alwaleed bin Khalid

Pakistan condoles passing of Saudi Arabia’s Prince Alwaleed bin Khalid
Updated 22 sec ago
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Pakistan condoles passing of Saudi Arabia’s Prince Alwaleed bin Khalid

Pakistan condoles passing of Saudi Arabia’s Prince Alwaleed bin Khalid
  • Prince Alwaleed passed away after spending over two decades in a coma on July 19
  • His courageous struggle drew admiration from many across world, says Shehbaz Sharif

ISLAMABAD: Prime Minister Shehbaz Sharif expressed his condolences at the recent passing of Saudi Arabia’s Prince Alwaleed bin Khalid bin Talal bin Abdulaziz Al Saud on Monday, noting that his “courageous” struggle drew admiration and prayers from across the world. 

Prince Alwaleed passed away on July 19 after spending more than two decades in a coma following a traumatic car accident.

As per media reports, the Saudi prince received urgent medical care from specialized American and Spanish physicians but never regained full consciousness.

“Deeply saddened to learn of the passing of Prince Alwaleed bin Khalid bin Talal,” Sharif wrote on the social media platform X. 

“His long and courageous struggle drew admiration and prayers from many across the world.”

The Pakistani premier offered condolences to Saudi Arabia’s King Salman bin Abdulaziz Al Saud, Crown Prince Mohammed bin Salman, the Saudi royal family and the people of Saudi Arabia on the prince’s passing. 

“May Allah grant him exalted ranks in Jannah,” Sharif concluded. 

Prince Alwaleed’s funeral prayers were held at the Imam Turki bin Abdullah Mosque in Riyadh on July 20, as per the Saudi Press Agency. 


Pakistan deputy PM in New York for UN conference on Palestine, multilateral meetings

Pakistan deputy PM in New York for UN conference on Palestine, multilateral meetings
Updated 21 July 2025
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Pakistan deputy PM in New York for UN conference on Palestine, multilateral meetings

Pakistan deputy PM in New York for UN conference on Palestine, multilateral meetings
  • Ishaq Dar will hold bilateral and multilateral meetings in New York, Washington from July 21-28
  • International conference is being organized, co-chaired by Saudi Arabia and France in New York 

ISLAMABAD: Pakistan’s Deputy Prime Minister Ishaq Dar arrived in New York on Monday to attend a United Nations conference to discuss Palestinian statehood and hold multilateral meetings in the city, the foreign office said. 

The High-Level International Conference for the Peaceful Settlement of the Question of Palestine and the Implementation of the Two-State Solution is being co-chaired and organized by Saudi Arabia and France. 

The event, convened by the UN General Assembly, will take place at the UN headquarters in New York on July 28. The aim is the urgent adoption of concrete measures that will lead to the implementation of a two-state solution and end decades of conflict in the Middle East.

“Deputy Prime Minister/Foreign Minister, Senator Mohammad Ishaq Dar @MIshaqDar50, arrived in New York for an official visit from 21 to 28 July 2025,” the Pakistani foreign office said. 

The statement said Dar would lead “high-level signature events” under Pakistan’s presidency of the UN Security Council and hold bilateral and multilateral meetings in New York and Washington during his stay.

“And represent Pakistan at the International Conference on the Two-State Solution, co-hosted by Saudi Arabia & France,” the foreign office added. 

Pakistan has consistently supported Palestinian statehood and called for an end to Israeli occupation in various multilateral forums.

Israel has killed nearly 59,000 Palestinians since October 2023 in Gaza, triggering anger and outrage from countries around the world who have called for an immediate ceasefire in the Middle East. 

Islamabad has demanded an immediate ceasefire in the Middle East and for Israel to allow access to food and humanitarian aid to the people of Gaza. 

 


Pakistan arrests 11 after Balochistan ‘honor killing’ video sparks outrage

Pakistan arrests 11 after Balochistan ‘honor killing’ video sparks outrage
Updated 21 July 2025
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Pakistan arrests 11 after Balochistan ‘honor killing’ video sparks outrage

Pakistan arrests 11 after Balochistan ‘honor killing’ video sparks outrage
  • Viral video clip shows couple being shot at by armed men for marrying of their choice
  • Balochistan chief minister says operation ongoing, vows all those involved will be arrested

ISLAMABAD: Pakistani authorities have arrested 11 suspects for their involvement in the recent “honor killing” of a couple in the southwestern Balochistan province, Chief Minister Sarfraz Bugti said on Monday after a disturbing video of the incident went viral online last week.

The provincial government sprang into action on Sunday after a video clip, which shows a couple in Balochistan being shot at by armed men for marrying of their choice, sparked nationwide outrage and calls for bringing the perpetrators to justice. 

Bugti had taken to social media on Sunday to announce that one person had been arrested in connection with the incident. Speaking at a press conference in Karachi, Balochistan government spokesman Shahid Rind had said the incident captured in the viral video had taken place in Balochistan around Eid Al-Adha. 

“Update: So far, 11 suspects have been arrested and the operation is ongoing,” the Balochistan chief minister wrote on X.

“All those involved will be brought to justice. The state stands with the oppressed.”

So-called honor killings are common in Pakistan, where family members and relatives sometimes kill women and men who don’t follow local traditions and culture or decide to marry of their own choice.

Rind had said on Sunday that families of both victims had not reported the incident, vowing that the government would register a case over the incident with the state as a complainant.

The couple had been executed on the orders of a jirga, a council of tribal elders, according to reports. Rind said authorities had taken the suspects’ data after their identification through the viral video clip.

The incident also prompted condemnation from the Pakistan Ulema Council (PUC), a group of clerics and religious scholars, who said the killing of a woman or a man in the name of honor is “un-Islamic, anti-Sharia and terrorism.”

The PUC said “terrorism” cases should be filed against people involved in such incidents.

“Pakistan Ulema Council demands of Chief Minister Balochistan, Governor Balochistan and IGP Balochistan to arrest the culprits who killed a woman under ‘honor killing’ as depicted in a viral video on social media,” the council said in a statement on Sunday. 


Pakistan braces for more rains as monsoon death toll rises to 216

Pakistan braces for more rains as monsoon death toll rises to 216
Updated 21 July 2025
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Pakistan braces for more rains as monsoon death toll rises to 216

Pakistan braces for more rains as monsoon death toll rises to 216
  • Pakistan’s Met Office has warned that monsoon currents are likely to “intensify” across country from July 20
  • Punjab has reported highest number of deaths since June 26, 135, followed by 42 in Khyber Pakhtunkhwa

ISLAMABAD: Pakistani authorities braced for more rainfall on Monday as the death toll from rain-related incidents in the country since late June rose to 216, according to official data. 

As per the National Disaster Management Authority’s (NDMA) latest situation report, 216 people have been killed in total since June 26 in rain-related incidents across Pakistan. Among the 216 casualties, 101 are children, 75 males and 40 females.

Punjab reported the highest number of deaths, 135, followed by Khyber Pakhtunkhwa (KP) with 42, Sindh 21, Balochistan 16 while Azad Kashmir and Islamabad each reported a single death.

“Rain-wind/thundershower is expected in Kashmir, Upper Khyber Pakhtunkhwa, Islamabad, North-East Punjab, Potohar region, Gilgit-Baltistan, North-East/South Balochistan and South Sindh,” the Pakistan Meteorological Department (PMD) wrote on its daily forecast for Monday. 

“Isolated heavy falls are expected in Upper Khyber Pakhtunkhwa, Potohar region, Kashmir and adjoining hilly areas during the period,” it added. 

Pakistan’s Met Office warned in a press release on July 18 that monsoon currents penetrating Sindh and upper parts of the country are likely to “intensify” in the upper and central parts of the country from July 20.

Director General PDMA Irfan Ali Kathia on Sunday instructed district administrations to remain on high alert during the fourth spell of monsoon rains, the Punjab Disaster Management Authority (PDMA) said. 

“There is a risk of urban and flash flooding due to heavy rains,” it added. 

Monsoon season brings South Asia 70 to 80 percent of its annual rainfall, arriving in early June in India and late June in Pakistan, and lasting through until September.

The annual rains are vital for agriculture and food security, and the livelihoods of millions of farmers. But increasingly erratic and extreme weather patterns are turning the rains into a destructive force.

In 2022, record-breaking monsoon rains combined with glacial melt submerged nearly a third of Pakistan, killing more than 1,700 people and displacing over 8 million. In May, at least 32 people were killed in severe storms, including strong hailstorms.

 


Five killed, seven injured in deadly tribal clash in southwestern Pakistan

Five killed, seven injured in deadly tribal clash in southwestern Pakistan
Updated 21 July 2025
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Five killed, seven injured in deadly tribal clash in southwestern Pakistan

Five killed, seven injured in deadly tribal clash in southwestern Pakistan
  • Clash broke out among Achakzai, Kakar tribes in Killa Abdulah district over an old dispute, says official
  • Says both rival parties agreed to a ceasefire brokered by Levies, FC Balochistan and tribal elders

QUETTA: Five people were killed while seven others were injured in Pakistan’s southwestern Killa Abdullah district on Sunday after an armed clash between two tribes, a senior official said. 

The clash broke out on Sunday evening between members of the ethnic Pashtun tribes of Achakzai and Kakar, lasting for several hours before tribal elders, the paramilitary Levies force and Frontier Corps (FC) Balochistan brokered a ceasefire between them.

“Five people have been killed and seven injured in the latest clashes that erupted between Achakzai and Kakar tribesmen in Killa Abdullah district,” Shahzaib Kakar, commissioner of Quetta Division, told Arab News on Sunday. 

He said members of both tribes were involved in “an old tribal dispute,” adding that both sides agreed to a ceasefire after security forces arrived in the area. 

Hayat Achakzai, a local journalist based in Killa Abdullah district, said clashes broke out at 6:30 p.m. on Sunday when members of both tribes came face to face at the district’s Tot Adda area.

“Both tribes were engaged in a dispute since March 2025 following a motorbike snatching,” Achakzai said. “They were chasing each other for the last two weeks but today met with an armed clash.”

Balochistan, Pakistan’s largest province by land mass but its most backward one by almost all social and economic indicators, has a strong tribal system with powerful chieftains. 

Disputes between rival tribes over honor, land and decades-old feuds are common here, often resulting in armed clashes. 

Ethnic Baloch militant groups have launched a low-level insurgency against the state for years in Balochistan, accusing Islamabad of exploiting the province’s mineral resources and denying locals a share in it.

The government denies the allegations and points to health, development and educational projects that it says have been launched to empower the people of Balochistan.