ISLAMABAD: Over 21,000 Pakistani expatriates in the Gulf states have so far lost their jobs amid the coronavirus pandemic, Special Assistant to Prime Minister (SAPM) on Overseas Pakistanis Sayed Zulfikar Abbas Bukhari told Arab News in an exclusive interview on Friday.
“There were media reports that the United Arab Emirates alone had laid off more than 40,000 Pakistani workers after the COVID-19 outbreak which is completely wrong. In reality, 17,743 Pakistanis were laid off amid the coronavirus crisis in the UAE,” he said, adding that 1,245 Pakistani nationals in Saudi Arabia, 691 in Qatar, 600 in Oman, 500 in Kuwait, 387 in Bahrain and 200 in Iraq had been downsized until this week.
Bukhari hailed Saudi Arabia for ensuring job security for Pakistani nationals since the Kingdom issued a directive preventing companies from sacking Pakistani employees for three months during this difficult period.
“Unlike the UAE, where companies are laying off workers and sending them on forced and unpaid leave, Saudi Arabia is not doing that. Instead, it is giving them full salary,” he said.
The PM’s adviser continued that he had requested measures to support Pakistani workers in the Kingdom during his video call with Saudi Deputy Minister of Labor and Social Development Dr. Abdullah bin Nasser this week, adding that a lot of special measures were also being processed.
“Dr. Nasser informed me that Saudi Arabia had issued a decree through which Saudi companies will not lay off laborers for the next three months and all employees will continue to receive their full salary during the three-month period. The Kingdom also decided to extend the duration of entry and exit visas for Pakistani workers and Pakistani labor force will enjoy free of cost visa extension until December,” he said.
Asked about the repatriation of stranded Pakistanis, Bukhari said the government was moving toward regularizing flights to ensure the repatriation of all those people who wanted to come back to Pakistan.
“Majority of those who want to come back to Pakistan are from the Gulf region. Their number is about 90,000 so far. That is the reason we gave 17 flights to the UAE last week, and next week we are expanding flight operation for repatriation from Saudi Arabia, Bahrain, Qatar along with the UAE where over 71,000 Pakistanis are waiting to come back home,” he said.
Bukhari informed that the government would increase the repatriation capacity from 2,000 people a week to 6,500 people a week before increasing it further to 8,000 in a few weeks.
On the issue of expensive air tickets by Pakistan International Airlines (PIA), he said that PIA had reduced the fare of its special flights by 20 to 30 percent in an effort to extend maximum relief to the country’s citizens stranded in the UAE.
“People have uploaded videos on social media, claiming that our embassy in the UAE is giving tickets in black with overcharged rates which is absolutely wrong. No Pakistani embassy is involved in such an activity. However, there can be travel agents who may be overcharging to exploit people who want to return to Pakistan.”
When asked about his role in mismanaging the return of pilgrims from Iran, Bukhari reiterated his stance that he had no role in allowing them back into the country.
“One should simply think about it a little: Do I have the power to open the country’s border which requires five or six different departments to coordinate? Only a prime minister can exercise such authority and order the opening of border,” he clarified.
“I have sued the people who wrongly blamed me and now the case is in court. They played political gimmickry and will now pay the price,” he added.
Asked about a World Health Organization (WHO) report claiming that about 46 percent of Pakistan’s COVID-19 cases had travel history to Iran, Bukhari said: “Zaireen [or pilgrims] who have become the reason for local spread of the virus are those who came back from Iran by air and not those who entered Pakistan through the Taftan border.”
On the number of overseas Pakistanis who lost their lives to the pandemic, he said that his ministry was collecting information but did not have the exact figures.
“Many Pakistanis have died due to the coronavirus but we do not have the exact numbers. We are trying to collect the data but different countries are not providing us the breakdown of the nationalities of COVID-19 victims,” he said, adding that PIA had brought back 17 dead bodies from the UAE during the last few weeks.
“Next week, we will bring back dead bodies from Saudi Arabia as more than 10 bodies are stuck there. We have requests from Italy and other European countries as well, and we will respond to them whenever possible. All of these individuals may not have died due to the coronavirus, but PIA will bring maximum number of dead bodies back without seeking charges,” Bukhari added.
Over 21,000 Pakistani expats from Gulf region laid off amid COVID-19 – Zulfi Bukhari
https://arab.news/yh54f
Over 21,000 Pakistani expats from Gulf region laid off amid COVID-19 – Zulfi Bukhari
- Hails Saudi Arabia for asking companies not to sack Pakistani expats and pay full salaries for three months
- Denies involvement in Taftan border mismanagement, saying only PM can order authorities to open border
Pakistan deputy PM directs authorities to finalize investment proposals with ‘friendly countries’
- Ishaq Dar chairs meeting on Pakistan’s investment proposals with friendly countries, says state media
- Says participants reviewed potential investments in infrastructure, petroleum, trade, and IT sectors
ISLAMABAD: Pakistan’s Deputy Prime Minister Ishaq Dar this week directed authorities to finalize selected proposals to bolster trade and investment with “friendly countries,” state-run media reported.
Islamabad has increasingly eyed foreign trade and investment that benefits its priority sectors in a bid to bolster its fragile $350 billion economy.
It formed the Special Investment Facilitation Council (SIFC) government body in 2023 to attract foreign investment in agriculture, livestock, mining and minerals, energy, tourism and other sectors from China, Saudi Arabia, the United Arab Emirates, Central Asian countries and other Gulf states.
“Deputy Prime Minister/Foreign Minister (DPM/FM) Senator Mohammad Ishaq Dar on Thursday directed that selected proposals should be finalized, reaffirming Pakistan’s priority to bolster economic, trade, and investment ties with friendly countries,” state-run Associated Press of Pakistan (APP) reported.
Dar issued the instructions while chairing the fourth inter-ministerial meeting on Pakistan’s investment project proposals with friendly countries, APP said.
“During the meeting, the committee reviewed briefs on potential investments in key sectors, including infrastructure, petroleum, trade, and information technology (IT),” the state-run media said.
Saudi Arabia is one of the countries Pakistan has aggressively pushed to forge closer business and investment deals with in recent months.
The two countries signed 34 business agreements last year for a whopping $2.8 billion. Sharif’s office said seven out of 34 MoUs signed with Saudi Arabia had been actualized into agreements worth $560 million.
In April 2024, the Kingdom also pledged to expedite a $5 billion investment portfolio for Islamabad.
Pakistan hopes foreign trade and investment deals with allies will help shore its foreign reserves and strengthen its fiscal position weakened considerably by a prolonged macroeconomic crisis.
Pakistan eyes trade corridors with Belarus to enhance access to Central Asia, Europe
- Communications Minister Abdul Aleem Khan arrives in Minsk on two-day visit to bolster trade, investment ties
- Khan to sign new MoUs during visit, state-run media says amid Islamabad’s push for sustainable economic growth
ISLAMABAD: Communications Minister Abdul Aleem Khan on Thursday stressed the importance of creating trade corridors between Pakistan and Belarus, state media reported, noting that they could be instrumental in helping both countries access markets in Central Asia and Europe.
Pakistan and Belarus have moved closer to foster stronger trade and economic cooperation in recent months. Both countries marked 30 years of diplomatic ties last year. Belarus’s prime minister visited Islamabad in October 2024 to meet key Pakistani civilian and military officials to bolster economic cooperation.
Khan arrived in Minsk on an official two-day visit to the country on Thursday. He met Belarusian Minister of Energy Denis Moroz and the country’s Transport Minister Alexei Lyakhnovich, state-run Associated Press of Pakistan (APP) reported.
“He emphasized the importance of creating trade corridors between the two countries which could play a key role in facilitating access to Central Asian States through routes in Pakistan, China, Afghanistan, or Iran, ultimately opening up pathways to Eastern Europe,” APP reported.
“Abdul Aleem Khan stated that these infrastructure projects would also be a strategic milestone.”
Khan highlighted the potential for “significant improvement” in the communications sector between both countries during his meeting with Belarusian ministers, APP said.
It said the Pakistani minister is being hosted as a state guest in the eastern European country. He will have the opportunity to sign several new memoranda of understanding (MOUs) during his trip, APP said.
Pakistan and Belarus agreed to boost cooperation in industry, media, tourism and other economic sectors during the eighth session of the Pakistan-Belarus Joint Ministerial Commission on Trade and Economic Cooperation held in February this year.
Islamabad has aggressively pushed for trade and investment ties with regional allies such as China, Saudi Arabia, United Arab Emirates, Central Asian countries and others recently in its bid to escape a prolonged macroeconomic crisis.
Pakistan has signed MoUs worth billions of dollars with businesses and entities in China, Saudi Arabia, UAE, Azerbaijan and other countries since last year to ensure sustainable economic growth driven by increasing exports and financial reforms mandated by the International Monetary Fund (IMF).
Pakistan assumes Asian Cricket Council presidency, vows to accelerate sport’s global influence
- Defending champions India are scheduled to host Asia Cup later this year in T20 format
- ACC, governing body for cricket in Asia, includes Pakistan, India, Sri Lanka and Bangladesh
ISLAMABAD: Pakistan Cricket Board (PCB) Chief Mohsin Naqvi on Thursday assumed the presidency of the Asian Cricket Council (ACC), the board confirmed, vowing to enhance the sport’s global influence.
The ACC is the governing body for cricket in Asia, established in 1983, to promote and develop the sport across the continent. It organizes major tournaments like the Asia Cup and works to improve cricket standards, provide financial support and strengthen ties between member countries including India, Pakistan, Sri Lanka and Bangladesh.
Sri Lanka held ACC’s presidency before Pakistan officially took over the post from it on Apr. 3, according to the PCB.
“In accordance with the decision of the Asian Cricket Council, Pakistan has officially taken over the presidency from Sri Lanka Cricket,” the PCB said in a statement.
“Effective immediately, Pakistan will lead the council in its mission to promote and expand cricket across the Asian continent.”
It added that the ACC was “poised to strengthen and expand” cricket’s presence across Asia by fostering growth and unity within the sport.
Meanwhile, in a press release, the ACC quoted Naqvi as saying that he was honored to assume the regional cricketing body’s presidency.
“Asia remains the heartbeat of world cricket and I am committed to working with all member boards to accelerate the game’s growth and global influence,” he said.
“Together, we will unlock new opportunities, foster greater collaboration and take Asian cricket to unprecedented heights.”
The PCB chief also extended his sincere wishes to outgoing ACC president Shammi Silva from Sri Lanka for his leadership and contributions during his tenure.
India will host the next edition of the Men’s Asia Cup cricket tournament in the T20 format in 2025 as a precursor to the T20 World Cup scheduled in the country in 2026.
The 2023 edition, hosted by the PCB, was held in a “hybrid model” as India refused to travel to Pakistan and played their matches in Sri Lanka.
India are the defending Asia Cup champions, and have won three of the last four editions of the tournament. They beat Sri Lanka by 10 wickets in the final of last year’s 50-overs edition in Colombo.
US tariff to have ‘mixed’ impact on Pakistan’s exports— financial analysts
- United States is Pakistan’s largest export destination, importing $5.44 billion of Pakistan’s goods last year
- Analysts say Pakistani exports will become cheaper than those offered by countries hit harder by tariffs
KARACHI: The impact of US President Donald Trump’s decision to impose a reciprocal tariff of 29 percent on Pakistan’s exports is likely to have a “mixed” impact, financial analysts said on Thursday, pointing out that the wide-ranging tariffs will make exports offered by Islamabad’s rivals also costlier.
Trump announced the decision to impose sanctions on several countries on Wednesday, defending the measures as necessary to address long-standing trade imbalances and what he described as unfair treatment of American goods abroad.
The US is Pakistan’s largest export destination, as it imported $5.44 billion of Pakistani goods last year, according to the State Bank of Pakistan. This fiscal year from July through February Pakistan earned $4 billion from its exports to the US, which registered a 10 percent increase over its $3.63 billion exports to the country in the same period last year.
“The impact of these tariffs is expected to be mixed on Pakistan’s exports,” Samiullah Tariq, the group head of research and product development at the Pakistan Kuwait Investment Company Ltd., told Arab News.
Last year, Pakistan’s total exports rose 11 percent to $30.7 billion from $27.7 billion compared to 2023, according to the Pakistan Bureau of Statistics.
Tariq said Pakistani goods would become cheaper than those offered by Bangladesh, China, Vietnam and Cambodia, on whom the Trump administration imposed higher tariffs.
However, he explained that countries such as India, Jordan, Turkiye and certain Central American nations had been targeted with comparatively lower tariffs, making Pakistani goods costlier.
Washington has imposed tariffs of 37 percent, 34 percent, 46 percent and 49 percent on Bangladesh, China, Vietnam and Cambodia, respectively. It targeted India, Jordan and Turkiye with tariffs of 26 percent, 20 percent and 10 percent respectively.
“Duties imposed on China, Cambodia, Indonesia, Vietnam and Bangladesh are higher than Pakistan, while duties imposed on India are 300bps lower than Pakistan,” Topline Securities, a Karachi-based brokerage firm, noted in a report to clients.
TEXTILE TO TAKE A HIT
However, Sana Tawfiq, the head of research at Arif Habib Ltd. said the tariff would test the mettle of Pakistan’s export sector.
“About 90 percent of our total exports to the US account for textiles that are expected to take a hit,” she told Arab News.
She said some food and cement industries are also expected to “feel the pressure.”
“To mitigate the impact, Pakistan must adopt a reciprocal and strategic approach, including reducing energy costs, negotiating tariff relief, and diversifying trade markets,” Tawfiq noted.
Topline Securities also said Pakistani textile exports may bear the brunt of the tariff imposition.
“Theoretically, due to Pakistan’s duty disadvantage with India, Pakistan textile exports may face some pressure,” the brokerage firm said.
Trump’s decision is expected to set back Pakistan’s efforts to revive its economy with the help of the International Monetary Fund’s bailout packages.
The lender wants Islamabad to increase its revenues, attract foreign investments and enhance exports to cope with its longstanding balance of payment crisis.
Pakistan’s stock market closed Thursday’s session with the benchmark KSE-100 index gaining 0.96 percent to close at 118,938 points.
“Worries over 29 percent massive US reciprocal tariff levies on Pakistan and global equity selloff invited early session pressure,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities Ltd., told Arab News.
Pakistan may face increased competition in Europe as countries such as China, Vietnam and Bangladesh, hit harder with Washington’s tariffs, are expected to divert some of their exports from the US to European countries, Topline Securities said in its report.
Khurram Mukhtar, the patron-in-chief of the Pakistan Textile Exporters Association (PTEA), remained confident Pakistan would continue to enjoy a competitive edge over major textile-exporting countries to the US.
“Despite the tariff adjustments, Pakistan will continue to maintain a competitive edge over major textile-exporting countries to the US, owing to its complete supply chain, quality standards and established trade relationships,” Mukhtar told Arab News.
Pakistan fined again for slow ODI over-rate in New Zealand
- Pakistan players fined 5 percent of match fees for being one over short of target on Wednesday
- Visiting team was two overs short, fined 10 percent after losing first ODI by 73 runs on Saturday
DUBAI, United Arab Emirates: Pakistan has been penalized for a slow over-rate against New Zealand in their second one-day international in Hamilton this week.
Match referee Jeff Crowe fined the Pakistan players 5 percent of their match fees after they were one over short of the target on Wednesday after the time allowances were taken into consideration. New Zealand won by 84 runs.
Pakistan captain Mohammad Rizwan “pleaded guilty to the offense and accepted the sanction, eliminating the need for a formal hearing,” the International Cricket Council said on Thursday.
It was the second consecutive match after which Pakistan was fined for a slow over-rate.
The visiting team was two overs short of the target and fined 10 percent after losing the first ODI by 73 runs at Napier last Saturday.
The third and last ODI is at Mount Maunganui on Saturday.
