Staff Reporter

LAHORE: Pakistan on Saturday rejected &ldquo;misleading and unfounded commentary&rdquo; surrounding financial deposits from the United Arab Emirates (UAE), asserting that the return of matured funds is a routine, agreed-upon financial transaction between the two countries. The clarification comes amid renewed attention to UAE deposits that have supported Pakistan&rsquo;s external financing position in recent years. The funds, placed with the State Bank of Pakistan since 2019, have been periodically rolled over and form part of broader arrangements with key partners to help maintain foreign exchange reserves as part of ongoing economic stabilization efforts. In an official statement, the Ministry of Foreign Affairs said the deposits were placed &ldquo;under bilateral commercial agreements,&rdquo; reflecting the UAE&rsquo;s continued support for Pakistan&rsquo;s economic stability. &ldquo;Accordingly, pursuant to mutually agreed terms, the Government of Pakistan, through the SBP, is now returning the matured deposits to the UAE,&rdquo; the spokesperson said, adding, &ldquo;This is a routine financial transaction, and any attempt to portray it otherwise is erroneous and misleading.&rdquo; The remarks follow media reports speculating that Islamabad is set to return up to $3.5 billion to the UAE, raising concerns over potential pressure on foreign exchange reserves and the broader external financing outlook. Earlier, the Ministry of Finance also addressed the issue, stating that &ldquo;the Government of Pakistan is continuously monitoring and managing Pakistan&rsquo;s external flows in order to ensure stable foreign exchange reserves,&rdquo; while reaffirming its commitment to meeting all external obligations. The Foreign Office underscored that financial arrangements between Islamabad and Abu Dhabi should be viewed within the broader framework of longstanding bilateral cooperation, rather than through speculative interpretations. &ldquo;Pakistan and the UAE share a longstanding, fraternal partnership built on trust and strategic cooperation across trade, investment, defence, and people-to-people ties,&rdquo; the statement said. Reaffirming the strength of ties, the ministry highlighted the historic role of the UAE&rsquo;s founding leader, Sheikh Zayed bin Sultan Al Nahyan, noting that the people of Pakistan &ldquo;warmly cherish&rdquo; his contributions in fostering close relations between the two nations. The Foreign Office further stressed that the relationship &ldquo;has stood the test of time&rdquo; and continues to deepen across multiple sectors. &ldquo;Pakistan remains fully committed to further strengthening this enduring relationship for a shared, prosperous future,&rdquo; the spokesperson added.

Economy

Islamabad says it is ‘now returning matured’ UAE deposits under agreed terms, calling the process routine, dismissing speculation as misleading, and reaffirming strong bilateral ties alongside continued commitment to external financial stability.

Pakistan rejects UAE deposit speculation, terms repayment routine transaction

KARACHI: Pakistan&rsquo;s Karachi Port experienced a surge in transhipment traffic this week as global shipping lines rerouted cargo away from the Gulf amid the escalating conflict linked to the US-Israeli war with Iran, pushing the port close to peak operational capacity.&nbsp;Port authorities said the facility reached about 80% capacity on Friday when two major transhipment vessels, M/V CGLA Ocean Breeze 1 and M/V GFS Jade, berthed simultaneously at the Karachi International Container Terminal (KICT) and Karachi Gateway Terminal Limited (KGTL) terminals, marking the busiest point in a week-long increase in diverted cargo.&nbsp;The surge comes as rising security risks and sharply higher war-risk insurance premiums for ships entering the inner Gulf have forced several international shipping companies to divert thousands of containers to Karachi as a safer regional alternative.&nbsp;The regional disruption is unfolding against the backdrop of the ongoing conflict triggered by coordinated US and Israeli strikes on Iranian targets, which has raised concerns about maritime security near key Gulf shipping lanes and energy routes.&nbsp;To maintain regional trade flows, KGTL this week launched a dedicated feeder service linking Karachi with major United Arab Emirates ports, including Fujairah and Khor Fakkan.&nbsp;The shuttle service allows large &ldquo;mother vessels&rdquo; to offload containers in Karachi&rsquo;s waters before smaller feeder ships transport the cargo onward to Gulf destinations.&nbsp;&ldquo;By linking Karachi directly with major UAE hubs, we are providing importers and exporters with reliable access to global shipping networks,&rdquo; said Khurram Aziz Khan, chief executive officer of KGTL, in a statement.&nbsp;Industry officials say the move has already attracted several regional shipping operators, including TS Line, Heung-A Shipping and Sinokor Merchant Marine, which are increasingly treating Karachi as a contingency hub for regional operations.&nbsp;However, the sudden influx of diverted cargo has placed pressure on port operations. Congestion data from Trans-Border Global Freight Systems shows vessel waiting times have risen to about 2.5 days as ships attempt to discharge containers at alternative destinations.&nbsp;To ease the strain, Pakistan&rsquo;s Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry earlier announced an emergency waiver of demurrage charges for auctionable containers, provided they are cleared within seven days.&nbsp;The minister described the measure as a &ldquo;proactive approach to resolving congestion,&rdquo; aimed at speeding up the clearance of stalled cargo and creating space for incoming transhipment shipments.&nbsp;Officials say the shift began earlier in the week with several high-capacity arrivals, including the vessels MV TS Tacoma, MV TS Sydney, and MV Photon, initially viewed as precautionary diversions but now seen as part of a broader operational shift.&nbsp;Karachi Port Trust Chairman Rear Admiral (Retd) Shahid Ahmed reassured international partners that the port remains capable of handling the increased activity.&nbsp;&ldquo;Karachi Port remains fully operational and committed to facilitating uninterrupted maritime trade,&rdquo; he said in a statement on X.

Major Pakistani port sees a surge in diverted cargo as Gulf tensions disrupt shipping routes, prompting the launch of a feeder service to UAE ports while authorities introduce emergency measures to ease congestion and sustain regional trade flows.

Karachi Port becomes transshipment hub as Gulf war disrupts shipping

LAHORE: Saudi Arabia has agreed to extend the maturity of its $3 billion deposit placed with the central bank for another year, offering critical support to Pakistan&rsquo;s fragile external account, the State Bank of Pakistan (SBP) said on Thursday. In a statement, SBP said the Saudi Fund for Development (SFD) has rolled over the deposit initially due to mature on December 8 for a further 12 months. &ldquo;The extension of the term of the deposit is a continuation of the support provided by the Kingdom of Saudi Arabia to the Islamic Republic of Pakistan, which will help strengthen Pakistan&rsquo;s foreign exchange reserves and contribute to the country&rsquo;s economic growth and development,&rdquo; the SBP noted. The $3 billion deposit was originally signed in 2021, and later rolled over in 2022, 2023, and 2024, making this the fourth extension.&nbsp; Last week, the SBP reported that its foreign exchange reserves increased slightly by $9 million, reaching $14.560 billion as of the week ending November 21. However, Pakistan&rsquo;s total liquid reserves fell to $19.605 billion, down from $19.738 billion, due to a decline in commercial banks&rsquo; foreign currency holdings, which dropped from $5.186 billion to $5.044 billion. Saudi Arabia has historically been one of Pakistan&rsquo;s most reliable partners, extending support in the form of oil on deferred payments, guarantees for international lenders including the International Monetary Fund, and recurring deposit rollovers to stabilize Pakistan&rsquo;s external sector. With over 2.5 million Pakistani expatriates working in the Kingdom, Saudi Arabia remains Pakistan&rsquo;s largest source of remittances. Following a meeting between Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman on the sidelines of the FII9 Conference in Riyadh, the two countries strengthened their strategic cooperation after signing a defense pact.&nbsp;

Foreign Affairs

State Bank says deposit’s term extension is a continuation of support provided by Saudi Arabia; will help strengthen Pakistan’s foreign exchange reserves, contribute to the country’s economic growth and development.

Saudi Arabia extends $3B deposit with Pakistan for another year

ISLAMABAD: Pakistan on Tuesday rejected Taliban accusations that its forces carried out overnight airstrikes inside Afghanistan&rsquo;s Khost province, after an explosion killed 10 civilians, including nine children.&nbsp;Taliban spokesman Zabihullah Mujahid said the raid &ldquo;martyred&rdquo; the victims and claimed the target was &ldquo;the house of a local civilian resident.&rdquo; He publicly blamed Pakistan for the attack in a statement posted on X. Islamabad flatly denied the allegation.&nbsp;Lieutenant General Ahmed Sharif Chaudhry, head of Pakistan military&rsquo;s media wing, Inter-Services Public Relations, during an interaction with senior journalists said, &ldquo;Pakistan has not attacked Afghanistan.&rdquo;&nbsp;He emphasized that &ldquo;whenever Pakistan conducts any operation, it announces it formally,&rdquo; underscoring that the country &ldquo;never attacks civilians.&rdquo;&nbsp;The latest charge has deepened tensions already heightened since two powerful explosions struck central Kabul on October 9. The Kabul incident triggered a week of cross-border hostilities that resulted in a 48-hour ceasefire brokered in Doha, with follow-up diplomacy in T&uuml;rkiye.&nbsp;Pakistani officials maintain the truce was contingent on a &ldquo;concrete and verifiable monitoring mechanism&rdquo; to ensure Afghan territory is not used to stage attacks against its forces or civilians.&nbsp;Lt. Gen. Chaudhry reiterated that Pakistan&rsquo;s conflict is with militant networks, not the Afghan population.&nbsp;&ldquo;Our policy is against terrorism, not against the Afghan people,&rdquo; he said. &ldquo;Our issue is with the Afghan interim government, not with Afghanistan&rsquo;s people.&rdquo;&nbsp;Security officials described the militants operating from Afghan soil as the Fitna al-Khawarij network, Islamabad&rsquo;s term for the Tehreek-e-Taliban Pakistan (TTP), invoking the historic extremist sect synonymous with rebellion and violent upheaval.&nbsp;According to ISPR, since November 4, Pakistani forces have killed 206 militants in operations across Khyber Pakhtunkhwa and Balochistan provinces.&nbsp;Lt. Gen. Chaudhry noted that &ldquo;all suicide bombers are Afghan,&rdquo; warning that &ldquo;terrorists will be pursued until their last breath.&rdquo;&nbsp;He urged the Taliban regime to act decisively against cross-border militancy. &ldquo;The Afghan regime must take verifiable action against terrorist hideouts,&rdquo; he said, adding there would be no further talks &ldquo;until verifiable action is taken.&rdquo;&nbsp;Efforts to engage Kabul have repeatedly stalled.&nbsp;&ldquo;From 2021 to 2025 we repeatedly engaged the Afghan government, but no result came,&rdquo; Lt Gen Chaudhry said.&nbsp;Stressing Pakistan&rsquo;s posture as a responsible state actor, he added: &ldquo;We are a state, and we respond as a state. Blood and business cannot run together, it cannot happen that we face attacks and simultaneously maintain trade.&rdquo;

Security

Pakistan’s military media wing spokesperson denies Taliban claims of overnight Khost strikes, saying Pakistan conducts no such attacks and insists Kabul to take action against militants.

Pakistan denies overnight strikes amid rising Kabul tensions

LAHORE: The State Bank of Pakistan (SBP) has launched a new digital investment platform, InvestPak, enabling individuals and corporations to invest in government securities entirely online.&nbsp;The initiative forms part of the central bank&rsquo;s broader strategy to modernize Pakistan&rsquo;s financial infrastructure and accelerate the shift toward a cashless economy.&nbsp;According to the SBP, InvestPak digitizes the entire investment process for customers holding rupee accounts with banks, primary dealers (PDs), and microfinance banks (MFBs). Through the web portal, users can open Investor Portfolio of Securities (IPS) accounts, submit bids in primary auctions, and trade government securities in the secondary market without visiting a branch.&nbsp;&ldquo;All banks are mandated to facilitate customer registration on the portal,&rdquo; the SBP said in a circular. &ldquo;Microfinance banks are encouraged to extend the same facility to their clients. All financial institutions must ensure efficient onboarding and a seamless user experience.&rdquo;&nbsp;The system allows users to link and operate multiple rupee and IPS accounts across different financial institutions via a single login, with registration requests required to be processed within two working days.&nbsp;As of June 30, 2025, total investment in government securities stood at Rs46.566 trillion, with scheduled banks holding Rs38.7 trillion (83%) and corporates Rs7.856 trillion (17%). The SBP expects that opening access to individual investors through InvestPak will broaden participation, deepen the domestic debt market, and diversify the investor base.&nbsp;The launch comes as the central bank advances a comprehensive digitalization roadmap. In September, the National Assembly&rsquo;s finance committee was informed that all federal and provincial government payments are to be fully digitized by June 2026, including transactions of state-owned enterprises.&nbsp;SBP Governor Jameel Ahmad told the committee that the central bank is taking &ldquo;comprehensive steps to promote a secure, inclusive, and technology-driven payments ecosystem,&rdquo; noting that 88% of retail transactions in Pakistan are now digital&mdash;a major shift reflecting the rapid uptake of electronic payments.&nbsp;Pakistan&rsquo;s digital financial infrastructure currently supports 226 million bank accounts and 46 million Raast IDs. To strengthen consumer protection, the SBP has introduced a bank liability framework and a mandatory two-hour cooling-off period for digital transfers to mitigate fraud.&nbsp;The digital banking landscape is also expanding. Mashreq Bank recently became the first international bank to launch full digital operations in Pakistan, rolling out nationwide services in 12 months&mdash;significantly faster than the global average of five years. Five additional digital banks have received in-principle approval to operate.&nbsp;To promote innovation, the SBP has also backed new digital payment solutions. Governor Ahmad recently inaugurated the JazzCash Experience Lounge, featuring facial and palm biometrics, wearables, and QR-based payment technologies.&nbsp;The SBP said InvestPak represents a major step in expanding public access to investment opportunities in Pakistan&rsquo;s financial markets, calling it part of a long-term transition to &ldquo;a more transparent, inclusive, and digitally driven economy.&rdquo;

The State Bank of Pakistan launched InvestPak, a digital platform enabling individuals and corporates to invest in government securities online, aiming to modernize financial infrastructure, promote inclusion, and advance Pakistan’s cashless economy

Pakistan’s central bank launches InvestPak to expand digital access to government securities

KARACHI: Pakistan&rsquo;s economic future is increasingly linked to the sea, with sustainable &ldquo;blue growth&rdquo; positioned to drive the country toward a $100 billion maritime economy, Federal Minister for Maritime Affairs Junaid Anwar Chaudhry said on Thursday.&nbsp;He was speaking at the closing ceremony of the Pakistan International Maritime Expo &amp; Conference (PIMEC) 2025 at the Expo Center Karachi.&nbsp;&ldquo;The sea is becoming the axis of Pakistan&rsquo;s trade and climate resilience,&rdquo; Chaudhry said, announcing that two new ships have joined the Pakistan National Shipping Corporation (PNSC) fleet, with three more expected soon.&nbsp;He also confirmed that Pakistan has issued a license for its first private ferry service, describing it as &ldquo;an important step toward sustainable maritime travel and regional connectivity.&rdquo;&nbsp;Chaudhry outlined plans for Pakistan&rsquo;s first green ship repair and recycling yard at Port Qasim, part of what he called a &ldquo;Sea-to-Steel Integrated Maritime Industrial Complex.&rdquo;&nbsp;He added that the government has allocated Rs12 billion [$42 million] to modernize the shipbreaking facilities at Gaddani to ensure compliance with international environmental standards.&nbsp;The four-day PIMEC exhibition, organized jointly by the Pakistan Navy and the Ministry of Maritime Affairs, featured more than 150 domestic and 28 foreign exhibitors from 20 countries.<div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-0" scrolling="no" frameborder="0" allowtransparency="true" allowfullscreen="true" style="position: static; visibility: visible; width: 550px; height: 624px; display: block; flex-grow: 1;" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=1986427644007813372&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Farticles%2F&sessionId=b5526c5a7b4db488710934b272c751ac1545dd96&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px" data-tweet-id="1986427644007813372"></iframe></div></div>Displays ranged from marine biotechnology and aquaculture to ocean renewable energy systems, digital navigation, autonomous marine vessels, and maritime defense technologies.&nbsp;Speaking at the opening session, Planning Minister Ahsan Iqbal described Pakistan as a &ldquo;natural maritime bridge between the East and West.&rdquo;&nbsp;However, he noted that the maritime sector currently contributes less than one percent to Pakistan&rsquo;s GDP, well below the four to seven percent share seen in comparable maritime economies.&nbsp;&ldquo;We must unlock the economic potential of our seas,&rdquo; he said.&nbsp;This year&rsquo;s expo saw a notable rise in homegrown innovation. The National Electronics Complex of Pakistan (NECOP) showcased the SAFRAH Drone-Jamming Gun, which exhibitors said can neutralize drones within a 1.5 kilometer radius. Stingray Technologies displayed unmanned surface vessels for reconnaissance and logistics.&nbsp;Students from Sir Syed University of Engineering and Technology introduced marine safety IoT devices, while Zarwah Enterprises highlighted bio-secure aquaculture systems for coastal livelihoods.&nbsp;The Gwadar Development Authority presented its Smart Port City Master Plan 2050, signaling long-term coastal urban development, while the Sindh People&rsquo;s Housing for Flood Affectees pavilion demonstrated climate-resilient housing models with strong women-led participation in post-flood reconstruction.&nbsp;Panelists at the parallel International Maritime Conference stressed that turning maritime innovation into large-scale economic gains will require coordinated policy, long-term financing, and stronger public-private collaboration.&nbsp;Chaudhry said Pakistan&rsquo;s shift toward a sustainable blue economy is not only an economic strategy but a climate resilience imperative.&nbsp;&ldquo;If nurtured strategically, Pakistan&rsquo;s blue economy can evolve into a $100 billion sector by 2047,&rdquo; he said, adding that building a &ldquo;green, secure, and competitive maritime sector&rdquo; is now a national priority.

Pakistan highlights sustainable “blue growth” to drive a $100bn maritime economy, as Minister Junaid Anwar Chaudhry announces new shipping expansion, green shipyard development, and stricter environmental standards at PIMEC 2025 in Karachi.

Sustainable ‘blue growth’ key to Pakistan’s $100 billion maritime future, says minister

PESHAWAR: Authorities in Pakistan&rsquo;s Khyber Pakhtunkhwa province have issued a high weather alert for November 4 and 5, warning of heavy rain, thunderstorms, and snowfall in multiple districts already recovering from devastating floods earlier this year.&nbsp;The Provincial Disaster Management Authority (PDMA) said the incoming weather system poses a &ldquo;significant risk,&rdquo; particularly in mountainous areas weakened by the August 2025 cloudburst disaster that claimed nearly 400 lives across the province.&nbsp;&ldquo;This is not a routine weather advisory,&rdquo; the PDMA said in its alert. &ldquo;Given recent damage to terrain and infrastructure, even moderate rainfall may trigger landslides and disrupt mobility and essential services.&rdquo;&nbsp;The weather system is expected to affect nearly the entire province.&nbsp;Rain, thunderstorms, and snowfall are forecast in northern districts, including Upper and Lower Dir, Upper and Lower Chitral, Upper and Lower Kohistan, Shangla, Battagram, Mansehra, Abbottabad, Haripur, Buner, Malakand, Bajaur, and Mohmand.&nbsp;Rain and thunderstorms are also likely in central and southern areas, including Peshawar, Kohat, Charsadda, Nowshera, Mardan, Swabi, Khyber, Orakzai, Kurram, Hangu, Karak, Bannu, Lakki Marwat, North and South Waziristan, Tank, and Dera Ismail Khan.&nbsp;Saeda Saleh, a meteorologist with the Pakistan Meteorological Department, said the system is being driven by &ldquo;western winds,&rdquo; adding that authorities have urged the public to remain alert.&nbsp;&ldquo;People should stay cautious, especially in areas where the land is still unstable,&rdquo; she said.&nbsp;Officials fear that already weakened slopes in flood-affected districts could give way. The Met Office has explicitly warned of possible landslides in Abbottabad, Battagram, Dir, Chitral, Kohistan, Kurram, Shangla, and Swat, many of the same regions that were heavily impacted in August.&nbsp;In response, PDMA has directed all district administrations to activate emergency protocols, including &ldquo;cleaning of drainage systems to prevent urban flooding&rdquo; and ensuring &ldquo;full readiness of emergency response teams&rdquo; for rapid deployment. Authorities have also been instructed to issue timely alerts to residents and travelers, particularly in high-risk valleys.&nbsp;Residents have been strongly advised to avoid non-essential travel during the weather spell. Farmers and livestock owners, who suffered severe losses in the August floods, have been urged to move animals and stored crops to safer areas as a precautionary measure.&nbsp;PDMA said it will continue to monitor developments and provide further updates as the system approaches.

Climate & Environment

Pakistan’s disaster authority issued a high alert for November 4–5 in Khyber Pakhtunkhwa, warning of heavy rain, thunderstorms, and snowfall that could trigger landslides in flood-weakened mountain districts and disrupt essential services.

Landslides weather warning alert issued for Pakistan's north-west

Web Desk

ISLAMABAD: Pressure on Israel over its military campaign in Lebanon intensified on Tuesday, as Italy suspended defense ties, Spain issued a blunt legal rebuke, and China called for respect for Lebanese sovereignty. In Rome, Prime Minister Giorgia Meloni announced the suspension of a long-standing defense cooperation agreement with Israel. The pact, in place since 2006, covers military training, industrial cooperation, &nbsp;and technology sharing. According to AFP, Italian officials said the move followed reports that Israeli forces fired warning shots at a United Nations peacekeeping convoy in southern Lebanon that included Italian personnel, an incident that drew strong backlash in Italy, a key contributor to the United Nations Interim Force in Lebanon (UNIFIL). &ldquo;In view of the current situation, the government has decided to suspend the automatic renewal of the defence agreement with Israel,&rdquo; Meloni said on the sidelines of an event in Verona, according to Italian news agencies ANSA and AGI. In Beijing, Spanish Prime Minister Pedro S&aacute;nchez delivered a sharp condemnation, accusing Israel of violating international law and describing its conduct as &ldquo;intolerable,&rdquo; AFP reported. Speaking during an official visit, S&aacute;nchez said the war had been a &ldquo;mistake&rdquo; from the outset and called for the European Union to suspend its cooperation framework with Israel. He also urged accountability, warning that there should be &ldquo;no impunity&rdquo; for what he described as criminal acts, and said Lebanon must be included in any ceasefire arrangement. Separately, Iran&rsquo;s President Masoud Pezeshkian said in a post on X that &ldquo;the essence of civilizations reveals itself at critical historical junctures,&rdquo; adding that positions taken by countries including Spain, China, Russia, T&uuml;rkiye, Italy, and Egypt against what he described as &ldquo;warmongering and crimes&rdquo; reflect their deep cultural and historical roots.<div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-0" scrolling="no" frameborder="0" allowfullscreen="true" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=2044063688584507580&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Flogin%2F&sessionId=3362cbd2995e2849f5202d296d2c5f703c1a9990&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px" style="position: static; visibility: visible; width: 550px; height: 321px; display: block; flex-grow: 1;"></iframe></div></div> China&rsquo;s response included Foreign Ministry spokeswoman Mao Ning saying Lebanon&rsquo;s sovereignty &ldquo;should not be violated&rdquo; and stressed the need to protect civilian lives, urging all parties to de-escalate. Israeli officials did not immediately respond to the remarks.

A photograph taken from the Israeli side of the border with Lebanon shows Israeli soldiers driving along a road running beside destroyed buildings in southern Lebanon on April 15, 2026. (AFP)

Asia

Europe

Middle East

Italy suspends defense ties, Spain condemns Israel, and China urges restraint as global pressure mounts over Lebanon strikes. Iran’s Masoud Pezeshkian also criticizes Israel, highlighting the widening international backlash.

Global pressure grows on Israel as Italy, Spain, China criticize Lebanon strikes

ISLAMABAD: Chinese Foreign Ministry spokesperson Guo Jiakun said on Tuesday that China does not recognize the &ldquo;so-called &lsquo;Arunachal Pradesh&rsquo; illegally set up by India.&rdquo;&nbsp;He made the remarks at the ministry&rsquo;s regular press conference in Beijing. China&rsquo;s newly announced standardized names for places in Zangnan are &ldquo;fully within China&rsquo;s sovereign rights,&rdquo; he said, using the Chinese name for the region, adding that&nbsp;&ldquo;Zangnan region is China&rsquo;s territory.&rdquo; <div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px; line-height: 2;"><iframe id="twitter-widget-1" scrolling="no" frameborder="0" allowfullscreen="true" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-1&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=2044256901417054517&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Farticles%2Fnew%2F&sessionId=59cf929660b953b1a57fd64f6b4703305659807c&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px" style="position: static; visibility: visible; width: 550px; height: 640px; display: block; flex-grow: 1;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</iframe></div></div>The statement followed the publication by China&rsquo;s Ministry of Civil Affairs of a sixth batch of standardized names for places in Zangnan on April 10, according to Guo&rsquo;s remarks at the briefing. At the same press conference, Guo said China-India relations are &ldquo;generally stable at the moment,&rdquo; adding that&nbsp;China&rsquo;s commitment to improving and growing relations with India &ldquo;has not changed.&rdquo; India has rejected China&#39;s decision to assign new names to places in the region India calls Arunachal Pradesh. The foreign ministry statement was China&rsquo;s response to India&rsquo;s criticism. The English-language&nbsp;China Daily, in a report, quoted Guo as saying that both countries should &ldquo;move toward each other&rdquo; and take more steps conducive to bilateral relations. It reported that India said the move detracted from efforts to stabilize bilateral ties.

China

Chinese Foreign Ministry spokesperson Guo Jiakun has said that China’s latest standardized place names in Zangnan are within its sovereign rights, and that Beijing rejects Indian occupation of Arunachal Pradesh.

China says it has never recognized Arunachal Pradesh as part of India

RAIPUR: The death toll from a boiler blast at a power plant in central India has risen to 19, a police officer said Wednesday, noting that 17 others were injured. The explosion occurred Tuesday at a facility operated by Vedanta Limited, a subsidiary of London-listed Vedanta Resources, in Chhattisgarh state&#39;s Sakti district. &quot;The death toll in the power plant blast has reached 19 whereas 17 are undergoing treatment in various hospitals,&quot; district police chief Praful Thakur told AFP. The explosion likely occurred after a pipeline burst, spewing &quot;superheated steam&quot; onto people having lunch at the time, the Indian Express newspaper said. Indian-born billionaire Anil Agarwal, chairman of Vedanta Resources, said he was &quot;distressed by the extremely tragic accident&quot;. &quot;A high-level investigation into this incident has been initiated. We will leave no stone unturned in getting to the bottom of this matter,&quot; he said in a statement. Chhattisgarh state authorities have also launched a probe, with chief minister Vishnu Deo Sai vowing the &quot;strictest possible action&quot; against those found guilty. Industrial accidents are common in India, often due to poor adherence to safety regulations and weak enforcement. A fire at a fireworks factory in western India last month killed 17 people.

India

A boiler explosion at a Vedanta power plant in central India kills 19 people and injures 17, prompting investigations into the cause.

India power plant blast death toll climbs to 19: Police

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has granted a license to Alibaba-backed Koko Tech Pakistan Pvt. Ltd. to operate a &quot;Buy Now Pay Later&quot; business in Pakistan. In a press release issued on Tuesday, the SECP said the development marked a significant step for Pakistan&rsquo;s digital financial ecosystem.&nbsp; Koko Tech is owned by Alibaba, making the move a notable entry by a major global technology company into Pakistan&rsquo;s fintech space. The regulator said Alibaba&rsquo;s move reflected growing international confidence in Pakistan&rsquo;s large consumer base, expanding digital economy and untapped financial services market.&nbsp; It added that Koko Tech was expected to introduce innovative, data-driven lending solutions in the Buy Now Pay Later segment by using advanced AI-driven credit assessment systems and globally tested digital infrastructure. According to the SECP, the company&rsquo;s entry would help expand access to consumer financing, particularly for young users, freelancers and small businesses that remain underserved by traditional banking channels.&nbsp;<div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-0" scrolling="no" frameborder="0" allowfullscreen="true" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=2044020211641397593&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Farticles%2Fnew%2F&sessionId=59cf929660b953b1a57fd64f6b4703305659807c&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px" style="position: static; visibility: visible; width: 550px; height: 897px; display: block; flex-grow: 1;">&nbsp;</iframe></div></div>The commission said the new license could also help support small and medium-sized enterprises, increase e-commerce activity and accelerate the shift toward a more inclusive, technology-led financial system. The SECP described the development as a direct inflow of foreign investment into Pakistan&rsquo;s financial sector.&nbsp; In the press release, SECP Chairman Dr Kabir Ahmed Sidhu said the entry of Alibaba Group would boost competition and innovation in Pakistan&rsquo;s fintech market.&nbsp; He added that Pakistan remains an attractive destination for international investment because of its large population, growing digital adoption and an improving regulatory framework. The licensing of KTPL comes as Pakistan seeks to deepen financial inclusion and broaden the use of digital financial services across the economy.&nbsp; Buy Now Pay Later services, which allow consumers to pay for purchases in installments, have expanded rapidly in many markets as an alternative form of short-term consumer credit, especially in online retail. The move is likely to be closely watched by Pakistan&rsquo;s banking, fintech and e-commerce sectors, as Alibaba&rsquo;s entry in the Buy Now Pay Later segment could intensify competition and spur further innovation in consumer lending and digital payments. Alibaba Group has a significant and growing presence in Pakistan. Its operations span e-commerce, digital payments, logistics, and cloud computing, including platforms such as Daraz and AliExpress.

Pakistan’s SECP grants a 'Buy Now Pay Later' license to Alibaba-backed Koko Tech Pakistan, signaling the growing confidence of foreign companies in its digital financial market.

Alibaba-backed firm granted Buy Now Pay Later license for Pakistan

ISLAMABAD: Pakistani Prime Minister Shehbaz Sharif has departed for Jeddah for an official visit to Saudi Arabia, kicking off a significant four-day official tour spanning Saudi Arabia, Qatar, and Turkiye from April 15 to 18, according to an official statement.<div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered"><iframe id="twitter-widget-0" scrolling="no" frameborder="0" allowfullscreen="true" style="position: static; visibility: visible; width: 550px; height: 688px; display: block; flex-grow: 1;" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=2044273504418447435&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Farticles%2F&sessionId=8826cd1edd93237dc0a2dec520b30130f6da51cf&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px">&nbsp;&nbsp;&nbsp;&nbsp;</iframe></div></div>The prime minister will be accompanied by a high-level delegation, the statement said, without sharing further details. The announcement comes shortly after Finance Minister Aurangzeb said that Saudi Arabia has committed an additional $3 billion in deposits to Pakistan, with disbursement expected within a week, providing timely support for the country&rsquo;s external financing needs.&nbsp;Speaking to the media on the sidelines of the <a href="https://www.pakistantv.com/article/pakistan-finance-minister-outlines-macroeconomic-outlook-reform-progress-at-uspakistan-business-council-luncheon" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">World Bank-IMF Spring Meetings 2026</a>, the finance minister said the Kingdom has also agreed to extend its existing $5 billion deposit for a longer period, moving away from the earlier annual rollover arrangement. During his visits to Saudi Arabia and Qatar, the prime minister is expected to hold high-level meetings with the leadership of both countries to discuss bilateral cooperation as well as regional peace and security. In T&uuml;rkiye, the prime minister will participate in the Antalya Diplomacy Forum, where he will join a leaders&rsquo; panel to present Pakistan&rsquo;s perspective on key global issues. On the sidelines of the forum, Sharif is also expected to meet Recep Tayyip Erdoğan and other world leaders.Pakistan&rsquo;s participation in the forum reflects its commitment to constructive diplomacy, multilateral cooperation and engagement on global challenges. The prime minister will be accompanied by a high-level delegation, including Deputy Prime Minister and Foreign Minister Ishaq Dar, Information Minister Attaullah Tarar, and Special Assistant to the Prime Minister Syed Tariq Fatemi, along with other senior officials.

Prime Minister Shehbaz Sharif meets the Crown Prince and Prime Minister of Saudi Arabia Prince Muhammad bin Salman on March 12, 2026, in Jeddah.

Pakistani Prime Minister Shehbaz Sharif has departed for Jeddah for an official visit to Saudi Arabia, kicking off a significant four-day official tour spanning Saudi Arabia, Qatar, and Turkiye from April 15 to 18.

Pakistan's PM begins three-nation visit to Saudi Arabia, Qatar and Turkiye

ISLAMABAD: Pakistan&#39;s Finance Minister Muhammad Aurangzeb said Tuesday that the country&#39;s leadership is not giving up on efforts to help the US and Iran negotiate.&nbsp; &quot;We would very much like to see if we can continue to pursue the dialogue,&quot; he said during an interview with the Associated Press on the sidelines of the spring meetings of the International Monetary Fund and World Bank. &quot;We&#39;ll keep at it, and our leadership is at it.&quot; Aurangzeb said&nbsp;the&nbsp;talks marked the first direct discussion between the two nations in nearly 50 years. The finance minister said he also met this week with US officials, including Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick, to discuss trade and finance concerns. He plans to meet Treasury Secretary Scott Bessent on Friday. In a phone call with The New York Post, President Trump said Tuesday a second round of talks with Iran &quot;could be happening over the next two days,&quot; indicating that the venue could be Islamabad.

Muhammad Aurangzeb - (File Photo: Wikimedia Commons)

Pakistan's Finance Minister says Pakistan will continue to push US-Iran dialogue as talks resume, and Donald Trump signals a possible second round soon.

Pakistan won't quit US-Iran mediation, says finance minister

BEIJING: Russia&#39;s foreign minister said that his country could make up for China&#39;s energy shortages as shipping through the Strait of Hormuz is choked by the US-Israeli war with Iran, Russian state media reported Wednesday. &quot;Russia can, without a doubt, compensate for the shortfall in resources that has arisen&quot; for China and &quot;other countries that are interested in working with us&quot; Sergei Lavrov said at a news conference in Beijing, in response to a question about the Hormuz blockage. He also said that Russian President Vladimir Putin will visit China in the first half of the year, Moscow&#39;s TASS state news agency reported. Russia and China&#39;s close economic and political partnership has deepened since Moscow&#39;s 2022 invasion of Ukraine. Lavrov, who began a two-day visit to Beijing on Tuesday and met President Xi Jinping on Wednesday, characterised the bilateral relationship as &quot;unshakable in the face of any storms&quot;, Russia&#39;s TASS and RIA Novosti news agencies reported. Ties between the countries &quot;play a stabilising role in world affairs&quot; and are &quot;becoming increasingly important... for the global majority that does not want problems or turbulence&quot;, he said. Lavrov&#39;s visit comes during the same week as a string of foreign leaders meet with Xi in the Chinese capital, including To Lam of Vietnam and Pedro Sanchez of Spain.

Sergei Lavrov says Russia can offset China’s energy shortfall amid disruptions in the Strait of Hormuz, as Moscow and Beijing deepen strategic ties.

Russia can 'compensate' for China's resource gap from Iran war

Web Desk/AFP

WASHINGTON:&nbsp;Israel and Lebanon released a joint statement saying that they held &ldquo;productive discussions&rdquo; and agreed to launch direct negotiations as the two sides met in Washington, the United States said on Tuesday. &quot;The participants held productive discussions on steps toward launching direct negotiations between Israel and Lebanon,&quot; State Department spokesperson Tommy Pigott said in a statement. &quot;All sides agreed to launch direct negotiations at a mutually agreed time and venue,&quot; he said. The announcement came after Israeli and Lebanese envoys held more than two hours of talks mediated by US Secretary of State Marco Rubio. &quot;The United States congratulated the two countries on this historic milestone and expressed its support for further talks, and for the government of Lebanon&#39;s plans to restore the monopoly of force and to end Iran&#39;s overbearing influence,&quot; Pigott said. And it &quot;affirmed that any agreement to cease hostilities must be reached between the two governments, brokered by the United States, and not through any separate track,&quot; he added. Lebanon was pulled into the region-wide Iran war on March 2 after pro-Tehran Hezbollah attacked Israel. Since then, Israeli strikes have killed more than 2,000 people and displaced more than one million, despite international calls for a ceasefire, and Israeli ground forces have invaded southern Lebanon.

Israel and Lebanon agree to launch direct negotiations after “productive” talks in Washington mediated by Marco Rubio, marking a potential step toward de-escalation.

Israel, Lebanon agree to direct negotiations after 'productive' talks: US

ISLAMABAD: Pakistan&#39;s Minister for Finance and Revenue Muhammad Aurangzeb said that Saudi Arabia has committed an additional $3 billion in deposits to Pakistan, with disbursement expected within a week, providing timely support for the country&rsquo;s external financing needs. Speaking to the media on the sidelines of the&nbsp;<a href="https://www.pakistantv.com/article/pakistan-finance-minister-outlines-macroeconomic-outlook-reform-progress-at-uspakistan-business-council-luncheon" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">World Bank-IMF Spring Meetings 2026</a>, the finance minister said the Kingdom has also agreed to extend its existing $5 billion deposit for a longer period, moving away from the earlier annual rollover arrangement. <div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px; line-height: 2;"><iframe id="twitter-widget-0" scrolling="no" frameborder="0" allowfullscreen="true" style="position: static; visibility: visible; width: 550px; height: 672px; display: block; flex-grow: 1;" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=2044247340308148616&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Fdashboard%2F&sessionId=6cce7b9fd498f49855a1f8e1b89c9a140954b443&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px">&nbsp;&nbsp;&nbsp;&nbsp;</iframe></div></div>Aurangzeb said the fresh inflows would help strengthen Pakistan&rsquo;s foreign exchange reserves and support its external account, as the government aims to build reserves to around $18 billion, equivalent to about 3.3 months of import cover, by the end of the current fiscal year. He said Pakistan remains committed to meeting all external obligations on time, noting that the recent repayment of a $1.4 billion Eurobond was completed smoothly. The minister said Pakistan&rsquo;s external financing plan is well-defined and being implemented in a disciplined manner under the IMF-supported program. He added that during his visit, he held detailed talks with Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan and senior Pakistani officials to finalize the support package. Aurangzeb expressed gratitude to the Saudi leadership, particularly Crown Prince Mohammed bin Salman, for continued financial backing and close cooperation. He said Pakistan is receiving strong recognition from international financial institutions, including the International Monetary Fund and the World Bank, as well as global investors, for its economic reforms and diplomatic engagement. The minister added that Pakistan is advancing efforts to diversify funding sources through initiatives such as the Global Medium-Term Note program and a planned Panda Bond issuance. Aurangzeb reaffirmed the government&rsquo;s commitment to macroeconomic stability, continuity of reforms, and sustained engagement with bilateral and multilateral partners.

Pakistan's Finance Minister Muhammad Aurangzeb, alongside State Bank Governor Jameel Ahmad, met Saudi Finance Minister H.E. Mohammed bin Abdullah Al-Jadaan in Washington on the sidelines of the World Bank-IMF Spring Meetings 2026.

The finance minister said the Kingdom has also agreed to extend its existing $5 billion deposit for a longer period, moving away from the earlier annual rollover arrangement.

Saudi Arabia commits $3B in additional deposits for Pakistan: Finance minister

GAZA CITY: Gaza&#39;s civil defense agency said on Tuesday that a toddler was among 10 people killed in separate Israeli strikes in the northern part of the Palestinian territory. Violence continues despite a ceasefire in the Gaza war that came into effect on October 10, with both Israel and Hamas regularly accusing each other of violations. Mahmoud Bassal, spokesman for the civil defense agency, said &quot;four people were killed, including a child and several others were injured... in a strike targeting a police vehicle&quot; in Gaza City. He identified the child as three-year-old Yahya al-Mallahi. Gaza City&#39;s Al-Shifa hospital confirmed receiving the bodies of the dead. Contacted by AFP, the Israeli army said it was looking into the details. In a statement, Gaza&#39;s interior ministry said Israeli warplanes had &quot;targeted a police vehicle&quot; in the city centre, &quot;causing several deaths and injuries.&quot; Bassal also said another person had been killed by Israeli fire in the northern Beit Lahia area earlier on Tuesday. The military said in a statement that its troops had identified an &quot;armed terrorist&quot; in the area of the so-called Yellow Line &mdash; behind which its forces have withdrawn &mdash; who approached their position. The army said he was killed in a strike, but it was unclear whether it referred to the same incident in Beit Lahia. AFP footage showed Palestinians gathering around the body of a man who was then placed on a stretcher and carried away to be buried through streets lined with rubble. Later on Tuesday evening, the civil defense agency reported that multiple people were killed in another strike near an intersection in the Al-Shati refugee camp in Gaza City. The Al-Shifa hospital confirmed receiving five bodies from &quot;an Israeli drone bombing with two missiles a group of citizens in front of warehouses for electricity generators&quot; in Al-Shati. The military did not offer an immediate response regarding the latest strike. The October ceasefire followed more than two years of war on Gaza. At least 757 have been killed in Gaza since the truce came into effect, according to the territory&#39;s health ministry, whose figures are considered reliable by the United Nations. The Israeli army says five of its soldiers have been killed in Gaza over the same period. Media restrictions and limited access in Gaza have prevented AFP from independently verifying casualty figures or freely covering the fighting.

Violence continues despite a ceasefire in the Gaza war that came into effect on October 10, with both sides accusing each other of violations; at least 757 have been killed in Gaza since the truce came into effect.

Articles by Staff Reporter