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Islamabad and New Delhi CNN —Tens of thousands of people are being evacuated as India and Pakistan brace for the impact of Cyclone Biparjoy, which is expected to make landfall in densely populated areas across the subcontinent Thursday, putting millions of lives at risk. Mass evacuations have started in Pakistan’s Sindh province, with about 60,000 people sent to temporary shelters, according to local authorities. Residents evacuate from a coastal area of Keti Bandar before the expected arrival of Cyclone Biparjoy in Pakistan's Sindh province on June 13. In India’s Gujarat state, about 21,000 people have been evacuated from coastal areas, according to the state’s relief commissioner, Alok Kumar Pandey. People gather near the shore before the arrival of Cyclone Biparjoy at Clifton Beach in Karachi, Pakistan, on June 13.
Persons: Biparjoy, , Leela Ram Kohli, Alok Kumar Pandey, Rashmi, Sherry Rehman, Cyclone, Akhtar Soomro, Tauktae Organizations: New Delhi CNN, India Meteorological Department, Cyclone, AFP, Getty, PIA, Livestock, CNN, Authorities, Twitter, Shenzhen Institute of Meteorological, Chinese University of Hong, World Meteorological Organization Locations: Islamabad, New Delhi, India, Pakistan, Pakistan’s Sindh, Karachi – Pakistan’s, Keti Bandar, Pakistan's Sindh, Sindh, Badin, India’s Gujarat, Gujarat, Maharashtra, Mumbai, Balochistan, People, Clifton Beach, Karachi, Chinese University of Hong Kong, Asia, India’s
CNN —Chinese carrier Hainan Airlines has defended imposing weight requirements on flight attendants after reports of the new policy went viral on social media and sparked a public backlash. “I just need the flight attendant to be fully qualified in professional knowledge, well-practiced in safety procedures, and wear the most suitable shoes and clothes for emergencies. Alaska Airlines also launched gender-neutral uniform guidelines for flight attendants last year; Virgin Atlantic and British Airways have adopted similar policies for greater inclusivity. Other Asian airlines have made headlines in recent years for imposing weight rules on cabin crew. In 2015, Air India asked 125 flight attendants to lose weight, while Pakistan’s national airline ordered cabin crew to abide by weight limits or face being grounded in 2019.
Persons: Organizations: CNN, Hainan Airlines, State, Global Times, Qantas, Alaska Airlines, Virgin Atlantic, British Airways, Air Locations: Weibo, Air India
June 12 (Reuters) - The Biden administration on Monday added 43 entities to an export control list, including Frontier Services Group Ltd, a security and aviation company previously run by Erik Prince, for training Chinese military pilots and other activities that threaten U.S. national security. The Test Flying Academy of South Africa, a flight school under scrutiny by authorities in Britain for recruiting British ex-military pilots to train Chinese military fliers, was also added to the U.S. Commerce Department's Entity List. The aviation-related companies were listed for providing training to Chinese military pilots using Western and NATO sources, according to a rule posted for the Federal Register. Thirty-one Chinese entities in total were added to the list, some for acquiring U.S.-origin items in support of China's military modernization, such as hypersonic weapons development. Nine Chinese and Pakistani companies were added based on their contributions to Pakistan’s ballistic missile program and other weapons contributions.
Persons: Biden, Erik Prince, Prince, Karen Freifeld, Chris Sanders, Alistair Bell Organizations: Frontier Services Group Ltd, Flying Academy of South, U.S . Commerce, Frontier Services Group, United, United Arab Emirates, Federal Register, U.S, Shanghai Supercomputing Technology, Solutions, Thomson Locations: U.S, Flying Academy of South Africa, Britain, China, Kenya, Laos, United Arab Emirates, South Africa, United Kingdom, Xinjiang, China's, Latvia
Experts have mixed reactions on whether the budget will meet IMF requirements and the impact on the economy. The ‘No new Taxes on Industry’ claim is belied by increase in super tax and that too in not a fully progressive way. Will retailers and the agri sectors that together contribute 40% contribute more than 2% as a result of the budget? SHAHBAZ ASHRAF, CHIEF INVESTMENT OFFICER AT FRIM VENTURES“It is surely not a budget that the IMF would approve of. "The regional energy price budget, which has built in cross subsidies, general collection and distribution losses is something the export industry cannot sustain."
Persons: GHIAS KHAN, EHSAN MALIK, SHAHID HABIB, ARIF HABIB, ZULQARNAIN, ABDUL ALEEM, IRFAN IQBAL SHEIKH, MUSTAFA PASHA, SHAHBAZ ASHRAF, they've, There's, ” FAHAD RAUF, ISMAIL IQBAL, GOHAR EJAZ, Ariba Shahid, Jonathan Oatis, Nick Zieminski Organizations: International Monetary Fund, IMF, Pakistan, Reuters, FX, ENGRO CORP, OF, PAKISTAN BUSINESS, Industry, PAKISTAN, Company, FEDERATION OF PAKISTAN, OF COMMERCE, PKR, IN, MILLS ASSOCIATION, Thomson Locations: KARACHI, Pakistan, PAKISTAN, Karachi
For most of Pakistan’s eight-decade history, its courts were largely aligned with the country’s powerful military. In recent months, as former Prime Minister Imran Khan has clashed with the military and current civilian government, the courts have issued ruling after ruling that have thwarted what many consider attempts by the military to sideline Mr. Khan from politics. That defiance was highlighted earlier this month, when shortly after the authorities arrested Mr. Khan in a corruption inquiry, the courts declared his arrest unlawful, ordered his release and granted him bail. It is a striking shift in Pakistan, where the military has long acted as the country’s ultimate political power broker: Directly ruling for over half of the country’s existence and acting as the veiled power behind civilian governments. And as the courts strike out on their own, they are injecting even more uncertainty into an already volatile political climate.
Persons: Imran Khan, Khan, Mr Locations: Pakistan
[1/2] Pakistan's former Prime Minister Imran Khan, gestures as he speaks to the members of the media at his residence in Lahore, Pakistan May 18, 2023. There has never been that kind of challenge to Pakistan's military, which has held sway over the country since independence in 1947 with a mixture of fear and respect. The 1971 fall of Dhaka in what was then East Pakistan and the birth of Bangladesh after defeat by arch-enemy India has been the lowest point for Pakistan's military since 1947. Khan was released by court order two days after his arrest, but his Pakistan Tehreek-e-Insaf (PTI) party now faces the ire of the military. "The military's power comes from its ability to deploy force, not popularity - Pakistan's generals like being liked but they like being in control even more," he said.
London CNN —The political unrest that’s engulfed Pakistan since former Prime Minister Imran Khan was arrested earlier this week will complicate efforts to secure a financial lifeline from the International Monetary Fund and exacerbate the country’s economic crisis. Pakistan’s economic meltdownThe political tumult in Pakistan comes as the country grapples with a dire economic outlook. The government has been working with the International Monetary Fund to resume a financing program that’s been stalled since November and expires in June. Prime Minister Shehbaz Sharif said in a televised address Friday that the country’s economic problems stem from his predecessor. In February, the ratings agency said about 50% of government revenue will need to go to debt interest payments “for the next few years,” compounding economic woes and fanning political discontent.
A mass of protesters pushing through the gates of the national army headquarters. An angry mob setting a senior military official’s residence aflame. Even under civilian governments, military leaders have kept an iron — if cloaked — grip on power, ushering in politicians they favored and pushing out those who stepped out of line. When politicians or other civilians complained, it was almost always in code, speaking vaguely of “the establishment” or “the sacred cow,” rather than calling out the country’s military or its powerful Inter-Services Intelligence agency explicitly. They knew what could happen if they went further: disappearances, arrests, lives in exile.
Violent clashes between supporters of Imran Khan and police broke out across the country after Pakistan's anti-corruption agency arrested the former prime minister on Tuesday. Pakistan's rupee has lost nearly 50% over the past 12 months. JPMorgan analyst Milo Gunasinghe said little relief from political uncertainty was in sight while the IMF programme remained stalled. "It is usually up to the country to present a credible plan of policies and financing that, in the face of political uncertainty, will credibly address the members’ balance of payment problems." The armed forces remain Pakistan's most powerful institution, having ruled directly for close to half the country's 75-year history through three coups.
Former Pakistan Leader Imran Khan’s Arrest Sparks Protests
  + stars: | 2023-05-09 | by ( Saeed Shah | ) www.wsj.com   time to read: 1 min
Pakistan’s former prime minister, Imran Khan, was arrested in Islamabad on corruption charges, officials said. Photo: Aamir Qureshi/AFP/Getty ImagesISLAMABAD, Pakistan—The arrest of former Pakistani Prime Minister Imran Khan on corruption charges sparked demonstrations Tuesday, in an escalation of the confrontation between the popular opposition politician and the country’s civilian and military leaders. Protests by Mr. Khan’s supporters erupted in towns across the country, as demonstrators clashed with police, blocking roads amid dozens of arrests. The authorities partially restricted access to Twitter, Facebook and YouTube, according to digital rights groups, in an apparent attempt to quell videos of the protests and hinder their organizers.
Pakistan’s ousted prime minister, Imran Khan, was arrested on Tuesday in a major escalation of a political crisis that raises the prospect of mass unrest by his steadfast supporters. The crisis has been building for months as Mr. Khan has openly challenged the Pakistan military and the current government of conspiring against him. Mr. Khan, who was removed from office in a parliamentary no-confidence vote in April last year, is facing dozens of court cases on charges that include terrorism and corruption. The arrest instantly intensified a showdown between the current government and Mr. Khan, a populist former cricket star, who has staged a political comeback in the months since his removal from office. His party has drawn tens of thousands to political rallies across the country, at which Mr. Khan and others have called for fresh elections and accused Pakistan’s powerful military establishment of orchestrating his ouster.
CNN —Yasmeen Lari, widely recognised as Pakistan’s first female architect, has become the first woman since Zaha Hadid to win the prestigious Royal Gold Medal, awarded by the Royal Institute of British Architects (RIBA). Lari created the Zero Carbon Cultural Centre in 2011. The Pakistan State Oil Head Office in Karachi (shown here in 1984) was designed by Lari. RIBA President Simon Allford said, “Lari’s mission during her ‘second’ career has empowered the people of Pakistan through architecture, engaging users in design and production. “It’s about seeing how you can help build communities.”Top image: Yasmeen Lari at the Zero Carbon Women Center on Bamboo Stilts in Pakistan, 2011.
New Delhi CNN —India’s defense minister told his Chinese counterpart on Thursday that violations of their shared border erode the “entire basis” of relations between the two Asian neighbors. Indian Defense Minister Rajnath Singh made the comments during a meeting with newly appointed Chinese Defense Minister Li Shangfu in New Delhi ahead of a regional security summit on Friday. “He reiterated that violation of existing agreements has eroded the entire basis of bilateral relations and disengagement at the border will logically be followed with de-escalation,” the statement added. His visit comes four days after India and China concluded the 18th round of talks to attempt to resolve the border issue. Pakistan’s Foreign Minister Bilawal Bhutto Zardari’s visit to the country will be the most senior-level one in seven years.
A 17-year-old critically ill elephant called Noor Jehan has died at Pakistan’s Karachi Zoo, with the animal welfare charity that had been treating her calling for the zoo’s closure. Noor Jehan represents so many more wild animals that suffer in captivity, in Pakistan and worldwide,” the group said. “We welcome that the Federal and Sindh government are considering shutting down Karachi Zoo permanently. Reuters reported that the director of Karachi Zoo Khalid Hashmi was removed from is role on April 8 over complaints of negligence. Noor Jehan was brought to Pakistan from Tanzania more than a decade ago, Reuters said.
Islamabad, Pakistan CNN —Pakistan’s Foreign Minister will travel to India next month, the most senior-level visit in seven years in what is a major diplomatic breakthrough between two nuclear-armed neighbors with a long history of fractious relations. Bilawal Bhutto Zardari will attend the Shanghai Cooperation Organization’s (SCO) foreign ministers meeting on May 4-5 in the western Indian coastal state of Goa, Pakistan’s foreign ministry confirmed Thursday. This is the first time that the most senior Pakistani foreign office representative has visited India since 2016. Diplomatic relations between India and Pakistan have been beset by decades of distrust and occasional bouts of open conflict. The SCO and China’s growing hand in diplomacyThe SCO is an eight-member regional security and economic grouping led by China, and its members include India, Pakistan and Russia.
Javed IqbalIn Karachi, Pakistan’s financial center, 13 women and children died in March when hundreds of people caused a stampede in the rush for free food. Nine were killed in late March at separate government run flour distribution sites in the northwestern province of Khyber Pakhtunkhwa. The Human Rights Commission of Pakistan has expressed concern at what it called “mismanagement” that caused stampedes at wheat flour distribution centers set up by the government. Khan said a shortage of basic imports such as animal feed and other raw materials essential for food production contributed further to the food crisis and widespread hunger. Ramadan is a period of thanksgiving and shared meals, but the festivities have been overshadowed by the economic crisis.
KARACHI, Pakistan, March 7 (Reuters) - Trukkr, a fintech platform for Pakistan’s trucking industry, said on Tuesday it had raised $6.4 million in a funding round and also received a non-banking financial company (NBFC) licence. Trukkr offers Pakistan’s small- and medium-sized trucking companies a transport management system and supply chain solutions, and is unique in providing fintech to digitise the largely unbanked and undocumented industry. The seed funding round was led by U.S. based Accion Venture Lab and London based Sturgeon Capital. Haitou Global, Al Zayani Venture Capital and investor Peter Findley also participated in the round, Trukkr said in a statement. Adamjee told Reuters that Pakistan's $35 billion a year trucking industry is growing at 10% annually despite limited rail and water freight infrastructure.
KARACHI, PAKISTAN, Feb 28 (Reuters) - Pakistan’s central bank is widely expected to raise its key policy rate by 200 basis points in an off-cycle meeting on Thursday as it struggles to unlock critical funding from the IMF, a Reuters poll showed. All sixteen economists and market watchers surveyed said there would be a hike -- 14 of them predicted 200 basis points (bps), while two expected 250 bps. The State Bank of Pakistan (SBP) has raised rates by 725 bps since January 2022. In its last policy meeting in January, the bank raised the key rate by 100 bps to 17%, citing inflationary pressure. He said the market had already incorporated a 200 bps hike in the last treasury bill auction where the government accepted bids with yields more than 200 bps higher than the policy rate.
KARACHI, Pakistan, Feb 20 (Reuters) - Pakistan’s current account deficit (CAD) dropped to $0.2 billion in January 2023, down 90% from last year as the rupee's depreciation slowed down imports, the central bank said on Monday. During the first seven months of the current fiscal year, the country’s current account deficit decreased by 67% to $3.8 billion, compared with a deficit of $11.6 billion during the same period last year. “This monthly deficit is lowest after 25 months, and lower than expectations,” said Mohammad Sohail, CEO of Topline Securities. The weaker currency has made imports more expensive, effectively slashing them. Reporting by Ariba Shahid in Karachi, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Pakistan minister says his country is facing a perfect storm
  + stars: | 2023-02-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPakistan minister says his country is facing a perfect stormBilawal Bhutto Zardari, Pakistan’s foreign minister, says his country is “facing a perfect storm.”
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Pakistan’s Foreign Minister Bilawal Bhutto ZardariBilawal Bhutto Zardari, Pakistan’s foreign minister, speaks to CNBC’s Hadley Gamble at the Munich Security Conference in a wide-ranging interview to discuss climate change, the country’s economy and the threats from Iran and Afghanistan.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTaliban ban on educating women isn't helping us help them, Pakistan’s foreign minister saysBilawal Bhutto Zardari, Pakistan’s foreign minister, says the Taliban's ban on educating women “isn't helping us help them."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailImran Khan can have a future in politics if he pursues the democratic path, foreign minister saysBilawal Bhutto Zardari, Pakistan’s foreign minister, says he believes Imran Khan can have a future in politics if he stays democratic path.
Factbox: Crisis-hit Pakistan's macro economic indicators
  + stars: | 2023-02-10 | by ( ) www.reuters.com   time to read: +1 min
Below are four key economic indicators of the cash-strapped country. FOREX RESERVESPakistan's foreign exchange reserves have fallen to the lowest level in 10 years and cover only three weeks' worth of imports. In the week ending Jan. 27, the central bank's foreign currency reserves shrank to $3.09 billion, down $592 million from previous week. The bank has raised the key rate by a total 725 bps since January 2022. PAKISTANI RUPEEThe rupee reached a record low of 276.58 to the dollar in the inter-bank market on Feb. 3.
Pervez Musharraf , the military ruler who emerged as a key U.S. ally in the wake of the September 11 attacks, has died at 79, according to Pakistan’s military. Mr. Musharraf, a retired general, had been battling a longtime illness in Dubai, where he lived in exile, according to his family.
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