Pakistan welcomes resumption of second phase of Umrah 

Saudis and foreign residents circumambulate (Tawaf) the Kaaba in the Grand Mosque complex in the holy city of Makkah, on October 4, 2020. (AFP)
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Updated 20 October 2020
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Pakistan welcomes resumption of second phase of Umrah 

  • In the first phase, Saudi Arabia allowed citizens and residents to start performing Umrah at 30% capacity, or 6,000 pilgrims a day
  • This was subsequently increased to 75 percent or 15,000 pilgrims per day from October 18, pilgrimage will open for Muslims from abroad starting November 1

ISLAMABAD: Pakistan’s Ministry of Religious Affairs said on Monday it welcomed the resumption of the second phase of Umrah by Saudi Arabia, allowing Saudi nationals and residents to start performing the pilgrimage at 75 percent capacity.
Makkah slowly stirred from a seven-month hibernation earlier this month as pilgrims trickled in after Saudi authorities partially lifted a coronavirus ban on performing Umrah — a pilgrimage to Islam’s two holiest sites that is undertaken at any time of the year.

In the first phase, Saudi Arabia, which held a largely symbolic Hajj earlier this year limited to domestic worshippers, allowed citizens and residents to start performing Umrah at 30% capacity, or 6,000 pilgrims a day, subsequently increasing it to 75 percent or 15,000 pilgrims per day from October 18, 2020.

The pilgrimage will open for Muslims from abroad starting November 1. 

“It’s a good step by Saudi Arabia and it is a blessing for Muslims around the world,” Imran Siddiqui, a spokesperson at the religious ministry, told Arab News. “Ministry and people of Pakistan are happy over the resumption on second phase of Umrah.” 
He added that Pakistanis hoped that international pilgrims would also be allowed to travel to Saudi Arabia for pilgrimage soon. 
In February this year Saudi Arabia suspended Umrah as part of its effort to prevent the spread of the coronavirus. 

Last year, the pilgrimage drew 19 million visitors to Saudi Arabia, with Pakistan topping the list with more than 2.1 million Umrah pilgrims.


US envoy holds first meeting with parliamentary leader of Pakistan’s main opposition party

Updated 14 sec ago
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US envoy holds first meeting with parliamentary leader of Pakistan’s main opposition party

  • Ex-PM Imran Khan, who leads the PTI party, accused Washington of siding with generals, his rivals in Pakistan to orchestrate his ouster in 2022
  • The PTI has since sought US support in investigating alleged crackdown on its supporters over Khan’s campaign of defiance against military

ISLAMABAD: United States (US) Ambassador to Pakistan Donald Blome on Monday held his first meeting with parliamentary leader of Pakistan’s main opposition party, the Pakistan Tehreek-e-Insaf (PTI), the US embassy said.

The PTI party is led by jailed former prime minister Imran Khan, who accused Washington of siding with generals and his political rivals in Pakistan to orchestrate his ouster in April 2022. All three have dened the accusation.

The PTI has since sought support from US lawmakers in investigating alleged rights abuses and crackdown on its supporters in the wake of Khan’s unprecedented campaign of defiance against the country’s powerful military.

“US Ambassador Donald Blome met today with Leader of the Opposition in the National Assembly Omar Ayub Khan and other senior members of the opposition to discuss a broad range of issues important to the bilateral relationship, including US support for continued economic reforms, human rights, and regional security,” the US embassy said in a statement.

A spokesperson for Khan’s PTI told reporters Blome’s meeting with Omar Ayub had been requested by the US embassy through the Pakistani foreign ministry.

“Ambassador Blome underscored the United States’ support for Pakistan to engage constructively with the IMF on its reform program,” the US embassy said, adding that the envoy highlighted the importance of long-term reforms for sustainable economic growth of Pakistan.

Pakistan last month completed a short-term $3 billion program, which helped stave off a sovereign default, but the government of Prime Minister Shehbaz Sharif has stressed the need for a fresh, longer-term program.

The PTI, in a letter written to the IMF earlier this year, had asked the global lender to factor in the country’s political stability in any further bailout talks with Pakistan, according to party members familiar with the matter.

Khan’s opponents previously accused him of scuttling an IMF deal under a $6 billion Extended Fund Facility days before leaving his office, a charge he denies.

Pakistan narrowly averted default last summer, and its $350 billion economy has stabilized after the completion of the last IMF program, with inflation coming down to around 17 percent in April from a record high 38 percent last May.

It is still dealing with a high fiscal shortfall and while it has controlled its external account deficit through import control mechanisms, it has come at the expense of stagnating growth, which is expected to be around 2 percent this year compared to negative growth last year.

Pakistan and the IMF are expected to begin formal talks for a fresh program after the arrival of an IMF team in Islamabad in the mid of May. Islamabad has said it expects a staff-level agreement by July.


Babar hoping paceman Rauf will regain full fitness and make an impact for Pakistan at T20 World Cup

Updated 47 min 30 sec ago
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Babar hoping paceman Rauf will regain full fitness and make an impact for Pakistan at T20 World Cup

  • Fast bowler Rauf has been included in an 18-man squad for the upcoming tours of Ireland and England
  • Pakistan has done well in last two T20 World Cups, reaching semifinals in 2021, final at 2022 tournament 

ISLAMABAD: Pakistan captain Babar Azam is hoping Haris Rauf will regain full fitness after a shoulder injury and make an impact at next month’s T20 World Cup.

Fast bowler Rauf has been included in an 18-man squad for the upcoming tours of Ireland and England, with Pakistan delaying its 15-strong party for the World Cup in the United States and West Indies until May 22.

The fitness of Rauf, Mohammad Rizwan, Irfan Khan and Azam Khan will be assessed during the seven T20s against Ireland and England.

“I wasn’t expecting that he (Rauf) would recover so early and start bowling again,” Babar told reporters in Lahore on Monday as the team prepared to fly out to Ireland, where the first T20 will be played in Dublin on Friday.

“There’s pressure on him to make a comeback. There’s lot of talk going around on his injury and how he will respond to it. But I think he will make a good response because when you give yourself proper rest mentally and physically, you can make a different impact.”

Rauf has been out since dislocating his shoulder in late February during the Pakistan Super League. Since then he has gone through rehabilitation at the National Cricket Academy in Lahore.

The seven-member selection committee, which also includes Babar, have named fast bowler Hasan Ali, who last played a T20 international in 2022, as backup for Rauf.

Babar backed the inclusion of Hasan after pace bowlers Zaman Khan, Mohammad Wasim and the PSL’s top wicket-taker Mohammad Ali were omitted.

“There’s no injustice with anyone. We debated a lot on the World Cup combination and Hasan is there as backup for Rauf because of his experience,” Babar said. “Zaman and Ali are new-ball bowlers but we already have enough new-ball bowling options.”

Fast bowler Mohammad Amir, who played in two T20s against New Zealand after ending his retirement, Shaheen Shah Afridi, Naseem Shah and Abbas Afridi are Pakistan’s pace options.

Under Babar, Pakistan has done well in the last two T20 World Cups, reaching the semifinals in 2021 at the United Arab Emirates and losing to England in the final at the 2022 tournament in Australia.

The chairman of the Pakistan Cricket Board, Mohsin Naqvi, has promised a cash award of $100,000 to every player if the team wins the tournament.

“What happened in the past is in the past, unfortunately we couldn’t finish the way we wanted,” Babar said. “We’re doubly confident and believe we can bring the trophy home.”

Pakistan starts its campaign against host United States in Dallas on June 6 before taking on arch-rival India in New York three days later.

White-ball head coach Gary Kirsten will likely join the team in England after completing his Indian Premier League assignment with Gujarat Titans.


Pakistan stocks continue to rally on Saudi investment optimism, decline in inflation

Updated 06 May 2024
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Pakistan stocks continue to rally on Saudi investment optimism, decline in inflation

  • A 50-member delegation led by Saudi Arabia’s Assistant Minister of Investment Ibrahim Al-Mubarak arrived in Pakistan on Sunday
  • Pakistan and Saudi Arabia have seen a flurry of bilateral visits in recent weeks that have fueled hopes of investment in South Asian country

KARACHI: Pakistan’s benchmark share index closed at another all-time high by registering a 1.2 percent gain as bulls celebrated the arrival of a high-level investment delegation from Saudi Arabia, analysts said on Monday.

The KSE-100 index witnessed a bullish trend, gaining an intraday high of 1,158.65 points that marked a 1.61 percent increase. It closed at 72,764.24 points, up by 1.20 percent.

Stock analysts said the major contributing factor behind the bullish close was the arrival of a 50-member Saudi business delegation in Pakistan for potential investments and a drop in inflation.

“Today’s all the bullish activity was because of the Saudi delegation visiting Pakistan to explore investment opportunities,” Sheheryar Butt, portfolio manager at Darson Securities, told Arab News. 

The delegation, led by Saudi Arabia’s Assistant Minister of Investment Ibrahim Al-Mubarak, arrived in Pakistan on Sunday. It comprises representatives of some 30 Saudi companies from the fields of IT, telecom, energy, aviation, construction, mining exploration, agriculture and human resource development.

Butt said the encouraging remarks by the visiting Saudi investment minister on Monday also played a key role in keeping the market in the green zone.

Addressing an investment summit in Islamabad, the Saudi minister said Pakistan was a “high priority” economic opportunity and the Kingdom believed in the potential of Pakistan’s economy, demographics and talent as well as location and natural resources.

Speaking at the summit, Pakistan Finance Minister Muhammad Aurangzeb said foreign investment was vital to macroeconomic stability in Pakistan and the visit of Saudi investors was a link in this chain.

Auzrangzeb said Prime Minister Shehbaz Sharif’s successful visit to Saudi Arabia opened the way for economic cooperation between the two countries.

“The visit of a delegation of Saudi investors to Pakistan is also a part of paving the way for this economic cooperation,” the minister said. “The government is now moving toward privatization and PIA [Pakistan International Airlines] will also be privatized.”

He said export-led growth, foreign direct investment (FDI) and excess to capital were top priorities of the government, and it was working on short, medium and long-term strategies as well as structural economic reforms.

Ali Nawaz, CEO of Chase Securities, attributed the bullish trend at the stock market to the arrival of the Saudi investment delegation.

“This news likely injected optimism into the market as it suggests potential for increased foreign investment, bolstering investor confidence,” Nawaz said.

Other factors, he said, included a decline in inflation that fueled a positive sentiment.

“Lower inflation rates typically indicate a healthier economic environment, fostering expectations of potential interest rate cuts in the future,” he added.
 


Pakistan stocks continue to rally on Saudi investment optimism, decline in inflation

Updated 06 May 2024
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Pakistan stocks continue to rally on Saudi investment optimism, decline in inflation

  • A 50-member delegation led by Saudi Arabia’s Assistant Minister of Investment Ibrahim Al-Mubarak arrived in Pakistan on Sunday
  • Pakistan and Saudi Arabia have seen a flurry of bilateral visits in recent weeks that have fueled hopes of investment in South Asian country

KARACHI: Pakistan’s benchmark share index closed at another all-time high by registering a 1.2 percent gain as bulls celebrated the arrival of a high-level investment delegation from Saudi Arabia, analysts said on Monday.

The KSE-100 index witnessed a bullish trend, gaining an intraday high of 1,158.65 points that marked a 1.61 percent increase. It closed at 72,764.24 points, up by 1.20 percent.

Stock analysts said the major contributing factor behind the bullish close was the arrival of a 50-member Saudi business delegation in Pakistan for potential investments and a drop in inflation.

“Today’s all the bullish activity was because of the Saudi delegation visiting Pakistan to explore investment opportunities,” Sheheryar Butt, portfolio manager at Darson Securities, told Arab News. 

The delegation, led by Saudi Arabia’s Assistant Minister of Investment Ibrahim Al-Mubarak, arrived in Pakistan on Sunday. It comprises representatives of some 30 Saudi companies from the fields of IT, telecom, energy, aviation, construction, mining exploration, agriculture and human resource development.

Butt said the encouraging remarks by the visiting Saudi investment minister on Monday also played a key role in keeping the market in the green zone.

Addressing an investment summit in Islamabad, the Saudi minister said Pakistan was a “high priority” economic opportunity and the Kingdom believed in the potential of Pakistan’s economy, demographics and talent as well as location and natural resources.

Speaking at the summit, Pakistan Finance Minister Muhammad Aurangzeb said foreign investment was vital to macroeconomic stability in Pakistan and the visit of Saudi investors was a link in this chain.

Auzrangzeb said Prime Minister Shehbaz Sharif’s successful visit to Saudi Arabia opened the way for economic cooperation between the two countries.

“The visit of a delegation of Saudi investors to Pakistan is also a part of paving the way for this economic cooperation,” the minister said. “The government is now moving toward privatization and PIA [Pakistan International Airlines] will also be privatized.”

He said export-led growth, foreign direct investment (FDI) and excess to capital were top priorities of the government, and it was working on short, medium and long-term strategies as well as structural economic reforms.

Ali Nawaz, CEO of Chase Securities, attributed the bullish trend at the stock market to the arrival of the Saudi investment delegation.

“This news likely injected optimism into the market as it suggests potential for increased foreign investment, bolstering investor confidence,” Nawaz said.

Other factors, he said, included a decline in inflation that fueled a positive sentiment.

“Lower inflation rates typically indicate a healthier economic environment, fostering expectations of potential interest rate cuts in the future,” he added.
 


Pakistan’s deaf-staffed beauty salon provides economic opportunity, empowers hearing impaired

Updated 06 May 2024
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Pakistan’s deaf-staffed beauty salon provides economic opportunity, empowers hearing impaired

  • There are seven deaf beauticians out of a total of 12 employed at Options Salon in Abbottabad 
  • According to the World Health Organization, deaf population in Pakistan is around 10 million people

ABBOTTABAD: Eight years ago, while offering a training class at her Options beauty salon in the northwestern Pakistani city of Abbottabad, Nighat Aftab received an unlikely application: that from a deaf girl who wanted to attend the training and join her salon. 

“I didn’t have much experience working with such women and at first, I hesitated a little that how could I hire such a person whose language I don’t understand?” Aftab told Arab News in an interview earlier this month. “But then I said, ‘Come, join me’.”

Today, there are seven deaf beauticians out of a total of 12 employed at Options, which has since become a sanctuary for women with hearing and speech impairments, providing them economic opportunity, a chance to be financially independent and earn for their families, and a place where they can be part of a supportive, inclusive community.

According to the World Health Organization, the deaf population in Pakistan is around 10 million people. Pakistan has one of the lowest percentages of female labor force participation in South Asia and women with disabilities face even more impediments to employment.

“Previously, I used to work at a parlor in Islamabad where my salary wasn’t great, and I used to miss home a lot,” beautician Saima Mir told Arab News in sign language as Aftab translated for her. 

“Now I am very happy. I like working here. There are many here who cannot hear and speak, it makes me happy.”

Others also said they felt a “sense of belonging” at the Options Salon.

“I have my mother and father. They are old. I feel frustrated at home as there is nobody with whom I can talk and share,” Isma Mushtaq told Arab News. “I come here and I spend time here happily.”

While many of the salon’s loyal customers are now used to communicating with the deaf staff members, that was not always the case, Aftab recalled, saying she faced criticism in the beginning by clients struggling to communicate with her workers. To bridge the gap, deaf workers were teamed up with those from the hearing community.

“The difficulties we faced [with communication] in the beginning got resolved over time,” said Sobia Khan, a beautician from the hearing community. 

And the troubles had been worth it, Aftab said.

“I might have closed down the salon by now because my daughters are now married and I want to enjoy my own life but I am committed because of these young women [deaf workers] and I am unable to quit because their employment is attached to me,” she said. 

“And because of them, Allah has blessed me with health. I am able to come to work daily, even though I am not that healthy, but I am happy here.”