ISLAMABAD: Pakistan and Iraq on Tuesday signed a memorandum of understanding (MoU) for the provision of workforce between the two countries while agreeing to strengthen industrial collaboration, according to an official statement.
The MoU was part of the 9th session of the Pakistan-Iraq Joint Ministerial Commission (JMC), which was historic for being the first such interaction held since the last meeting in Islamabad over two decades ago in 2001.
Federal Minister for Commerce Jam Kamal Khan arrived in Baghdad a day earlier to lead his country’s delegation at the talks and was received by Iraq’s Minister for Housing and Construction Bangen Rekani at the Baghdad International Airport.
“The purpose of the JMC was to enhance economic, trade and cultural ties, which culminated in the signing of several key memorandums of understanding, including an agreement on the provision of workforce between the two countries,” the statement said.
During the meeting, both sides explored avenues for collaboration in various sectors. Religious tourism emerged as a key area of interest, while discussions also highlighted opportunities for industrial cooperation, particularly in export processing zones and fields such as textiles, pharmaceuticals and agriculture.
Health and education partnerships were emphasized as well, with plans for scholarships for Iraqi students and training programs in health care, vaccine production and biotechnology.
Speaking at the signing ceremony, the Pakistani minister reaffirmed his country’s commitment to deepening its ties with Iraq.
“The economic potential between Pakistan and Iraq is immense, and today’s agreements provide a roadmap for achieving our shared goals,” he said.
The minister highlighted reforms introduced in Pakistan to attract foreign investment and urged Iraq to ease visa restrictions for traders from his country to promote bilateral trade and cultural exchanges.
He expressed optimism the decisions made during the JMC would pave the way for significant progress in bilateral trade, investment and cultural exchanges.
Khan also invited Iraq to participate in the 10th session of the ministerial commission in Pakistan to review progress and plan future initiatives.
Iraq, Pakistan sign MoU to boost workforce exchange, strengthen industrial partnership
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Iraq, Pakistan sign MoU to boost workforce exchange, strengthen industrial partnership
- Development occurred at the 9th JMC session held since its last meeting in Islamabad over two decades ago
- Both countries discuss industrial cooperation, particularly in export processing zones, in a number of fields
First batch of Bangladeshi players arrives in Pakistan to play three-match T20 series
- The series will be held in Lahore, with the first T20 scheduled for May 28
- Both squads will train at Lahore’s Gaddafi Stadium on Monday, the PCB says
ISLAMABAD: A group of Bangladeshi players arrived in Pakistan on Sunday to play three Twenty20 internationals (T20Is) against the ‘Men in Green,’ the Pakistan Cricket Board (PCB) said.
The three-match T20I series between Pakistan and Bangladesh will be held in the eastern Pakistani city of Lahore, with the first match scheduled for May 28.
The first group of Bangladesh contingent arrived in Pakistan in wee hours of Sunday and two more groups will arrive on Monday, according to the PCB.
Members of Pakistan’s squad will assemble in Lahore on Sunday, while players participating in Sunday’s final of the Pakistan Super League will join on Monday.
“Both teams will train at 7:30pm at Qaddafi Stadium, Lahore,” the PCB said in a statement.
Bangladesh were initially scheduled to play five T20Is, but the tour was put in jeopardy following a cross-border conflict between Pakistan and India this month.
Both neighbors clashed for four days before agreeing to a United States-brokered ceasefire agreement on May 10.
Pakistan was also forced to reschedule its Twenty20 league — the Pakistan Super League (PSL) — after a ten-day break.
The Indian Premier League — the world’s richest cricket tournament — was also interrupted.
Pakistan, Uzbekistan hope to finalize framework agreement for 573-km railway line via Afghanistan
- The $4.8 billion project aims to enhance regional trade and logistics movement by connecting the three countries
- It is part of Pakistan’s efforts to position itself as a key transit hub, connecting landlocked Central Asia to the world
ISLAMABAD: Pakistan’s Foreign Minister Ishaq Dar on Sunday discussed the Uzbekistan-Afghanistan-Pakistan (UAP) railway line project with his Uzbek counterpart Saidov Bakhtiyor Odilovich, the Pakistani foreign ministry said, adding the two figures expressed hope the project’s framework agreement would be completed soon.
The $4.8 billion Uzbekistan–Afghanistan–Pakistan railway line is an extensive project with the objective of creating a direct railway link between Uzbekistan and Pakistan, passing through Afghanistan’s territory.
It aims to enhance trade and logistics efficiency by establishing a 573-kilometer rail connection that would connect Termiz in Uzbekistan to the northwestern Pakistani city of Peshawar via Afghanistan’s Mazar-i-Sharif.
The project is part of Pakistan’s efforts to position itself as a key trade and transit hub, connecting landlocked Central Asian states to the global market through its strategic location.
“Foreign Minister Senator Mohammad Ishaq Dar today held a telephone conversation with the Foreign Minister of the Republic of Uzbekistan, Saidov Bakhtiyor Odilovich. The two leaders discussed existing bilateral relations, particularly Uzbekistan-Afghanistan-Pakistan (UAP) Railway Line Project,” the Pakistani foreign office said.
“They expressed the hope that framework agreement for the regional connectivity project will be finalized soon. Views were also exchanged on current regional situation.”
The three neighboring countries signed an agreement to build the regional connectivity project in February 2021. Dar also visited Afghanistan in April this year and discussed the project with the Afghan Taliban rulers in Kabul.
Pakistan is seeking to leverage its strategic position as a key trade and transit hub to connect Central Asia with global markets and since last year, there has been a flurry of high-level visits, investment discussions and other economic engagements between Islamabad and Central Asian republics.
Pakistan and Uzbekistan have also been working toward optimizing cargo flows, establishing green corridors at border customs points, and digitalization of customs clearance processes to facilitate smoother trade operations.
Pakistan allocates 2,000MW to bitcoin mining, AI data centers in digital transformation push
- Pakistan offers a strategic location in the world for data flow and digital infrastructure as a digital bridge between Asia, Europe, and the Middle East
- The country is positioning itself as a sovereign economy that can accumulate digital assets, export digital services, and lead in technological transformation
KARACHI: The Pakistani government has allocated 2,000 megawatts (MW) of electricity in the first phase of a national initiative to power bitcoin mining and Artificial Intelligence (AI) data centers, the finance ministry announced on Sunday, in a push to transform Pakistan into a global leader in digital innovation.
The initiative is spearheaded by the Pakistan Crypto Council (PCC), a government-backed body under the Ministry of Finance, as part of a broader strategy to monetize surplus electricity, create high-tech jobs, attract billions of dollars in foreign direct investment.
Pakistan is uniquely positioned, both geographically and economically, to become a global hub for data centers, and offers the most strategic location in the world for data flow and digital infrastructure as a bridge between Asia, Europe, and the Middle East.
Pakistan’s combination of surplus power, geographic advantage, advanced subsea cable connectivity, renewable energy potential, and a large, digitally engaged population creates a compelling case for becoming a regional epicenter of Web3, AI, and digital innovation.
“This strategic allocation marks a pivotal moment in Pakistan’s digital transformation journey, unlocking economic potential by turning excess energy into innovation, investment, and international revenue,” Finance Minister Muhammad Aurangzeb was quoted as saying by his ministry.
Since the inception of the PCC, there has been tremendous interest from global bitcoin miners and data infrastructure companies, and several international firms have already visited Pakistan for exploratory discussions, according to the finance ministry. Following this landmark announcement, more global players are expected to visit in the coming weeks.
It said Pakistan’s underutilized power generation capacity is now being repurposed into a high-value digital asset.
“AI data centers and Bitcoin mining operations, known for their consistent and heavy energy usage, provide an ideal use case for this surplus,” the ministry said. ‘Redirecting idle energy, especially from plants operating below capacity, allows Pakistan to convert a long-standing financial liability into a sustainable, revenue-generating opportunity.”
PCC CEO Bilal bin Saqib emphasized the transformative nature of this initiative, saying Pakistan could become a global crypto and AI powerhouse with proper regulation, transparency, and international collaboration.
“This energy-backed digital transformation not only unlocks high-value investment but enables the government to generate foreign exchange in USD through bitcoin mining,” he said.
“Additionally, as regulations evolve, Pakistan can accumulate bitcoin directly into a national wallet, marking a monumental shift from selling power in Pakistani Rupees (PKR) to leveraging digital assets for economic stability.”
In April, Pakistan introduced its first-ever policy framework to regulate virtual assets and service providers, aligning with compliance and financial integrity guidelines of the global Financial Action Task Force (FATF). The move followed the establishment of the PCC in March to create a legal framework for cryptocurrency trading in a bid to lure international investment.
With the right incentives, strategic investments, and collaborative partnerships, Pakistan is positioning itself not only as a destination for global digital infrastructure but also as a sovereign economy that can accumulate digital assets, export digital services, and lead in the next generation of technological transformation.
“By offering stable and affordable energy, Pakistan presents a highly competitive environment compared to regional counterparts like India and Singapore, where rising power costs and land scarcity limit scalability,” the finance ministry said.
“Pakistan’s strategic advantage is further underscored by the global context: while AI data center demand has soared to over 100GW, global supply remains around 15GW. This massive shortfall creates an unprecedented opportunity for countries like Pakistan with surplus power, land, and an emerging regulatory framework.”
Pakistan’s digital connectivity has also been significantly strengthened by the landing of the world’s largest submarine Internet cable. The Africa-2 Cable Project, a 45,000-kilometer global network connecting 33 countries through 46 landing stations, has now landed in Pakistan. This milestone enhances Pakistan’s Internet bandwidth, latency, and resilience through redundant fiber routes — key for ensuring high availability and operational continuity for AI data centers.
With a population of over 250 million and more than 40 million crypto users, Pakistan holds immense potential as a regional leader in digital services, according to the finance ministry.
Establishing local AI data centers will not only address growing concerns around data sovereignty but will also enhance cybersecurity, improve digital service delivery, and empower national capabilities in AI and cloud infrastructure. These centers are expected to create thousands of direct and indirect jobs, catalyzing the development of a skilled workforce in engineering, IT, and data sciences.
“This announcement marks only the first phase of a broader, multi-stage digital infrastructure rollout. Future developments are expected to include renewable energy-powered facilities — leveraging Pakistan’s immense wind (50,000 MW potential in the Gharo-Keti Bandar corridor), solar, and hydropower resources — strategic international partnerships with leading blockchain and AI companies, and the establishment of fintech and innovation hubs,” the ministry said.
“These efforts will be complemented by proposed incentives such as tax holidays, customs duty exemptions on equipment, and reduced taxes for AI infrastructure developers.”
Saad bin Munawar becomes first Pakistani to summit Mt Everest from northern side
- Munawwar was part of a team of nine climbers who summitted the world's tallest peak as part of an expedition organized by Imagine Nepal
- The route to Everest peak from the northern face starts in Tibet, which is different from the Nepalese route that most mountaineers take
ISLAMABAD: In a remarkable feat, Saad bin Munawar has become the first Pakistani to summit the world’s tallest mountain, 8,848-meter Mount Everest, from its northern face, his expedition organizer said on Saturday.
Munawwar was part of a team of nine climbers who summitted the world’s tallest peak as part of the Everest North Expedition organized by Imagine Nepal.
The route to Everest peak from the northern face starts in Tibet, which is different from the Nepalese side route that most mountaineers take to ascend the peak.
“Saad has become the only Pakistani climber to reach the summit of Mount Everest from the north side,” his expedition organizer said on Facebook.
“The other climbers include Justin Moore Walker, Dawa Gyalje Sherpa, Ang Mingma Sherpa, Sonam Tashi Sherpa, Ngima Dorjee Sherpa, Lakpa Tenzing Sherpa, Dawa Kami Sherpa, and Thupten Topchen Sherpa.”
A renowned adventurer, mountaineer and author, Munawwar has long been a source of inspiration in Pakistan’s adventure community. Before this Everest ascent, he was the first Pakistani to summit 6,961-meter Mt.
Aconcagua, the highest peak outside Asia, according to Alpine Club of Pakistan (ACP), which arranges various expeditions in Munawwar’s home country.
“This remarkable achievement is not only a personal triumph for Saad but a proud milestone for Pakistan’s mountaineering community,” it said in a statement.
“His leadership in expeditions and mountaineering literature continues to motivate a new generation of climbers.”
Earlier this week, Pakistani woman mountaineer Naila Kiani scaled 8,586-meter Kanchenjunga, the world’s third highest peak, to become the first Pakistani woman to scale 12 of the world’s 14 peaks above the height of 8,000 meters.
Kiani now stands on the threshold of joining a global elite of only 17 women who have conquered all 14 eight-thousanders, Imagine Nepal, which also organized Kiani’s expedition, said after Friday’s summit.
Pakistan PM on regional diplomacy tour of Turkiye, Iran and Central Asia after India standoff
- The development comes weeks after Pakistan and India traded missile, drone and artillery strikes before agreeing to a truce on May 10
- During the four-day conflict, several friendly nations supported Pakistan’s demand for a probe into an attack that triggered the standoff
ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday embarked on a five-day tour of Turkiye, Iran, Azerbaijan and Tajikistan to thank their leadership for supporting Islamabad during this month’s military conflict with India, Sharif’s office said.
Pakistan and India this month traded missile, drone and artillery strikes for days, killing around 70 people on both sides, before agreeing to a United States-brokered ceasefire on May 10. The conflict, the worst between the neighbors in decades, was triggered by an attack on tourists in Indian-administered Kashmir on April 22 that New Delhi blamed on Pakistan. Islamabad denies complicity.
During the standoff, several friendly nations supported Pakistan’s demand for a credible, international probe into the attack as they urged the nuclear-armed archfoes to exercise restraint and avoid miscalculation of the other’s military capabilities.
On Sunday, Sharif left for Turkiye on the first leg of his four-nation tour, accompanied by Deputy Prime Minister and Foreign Minister Ishaq Dar, Federal Minister for Information and Broadcasting Attaullah Tarar and Special Assistant Tariq Fatemi.
“During the tour, the prime minister will have wide-ranging discussions with the leaders of these countries on an entire range of issues covering bilateral relations and matters of regional and international importance,” Sharif’s office said.
“He will thank friendly countries for the support they have given to Pakistan during the recent crisis with India.”
Bitter rivals India and Pakistan have fought three wars, including two over the disputed region of Kashmir, since gaining independence from British rule in 1947. Both claim the Himalayan territory in its entirety but rule it in part. The conflict had raised fears that it could spiral into a full-blown war.
Both countries have separately announced sending delegations to key capitals and friendly countries to present their stance on this month’s standoff before the world, in a bid to gain world support.
During his visit aimed at furthering Pakistan’s diplomatic outreach, Sharif will also attend an International Conference on Glaciers in Dushanbe, Tajikistan on May 29-30, according to the Sharif’s office.
The conference aims to advance global efforts in climate adaptation and resilience, with a specific focus on addressing glacial melting.
Pakistan is highly vulnerable to climate change, facing numerous impacts like rising temperatures and increased frequency of extreme weather events.
Officials say unusually high temperatures in Pakistan’s northern areas have resulted in rapid melting of glaciers, warning that the prolonged phenomenon could lead to water shortages and threaten lives in the long run.
