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Aurangzeb advance economic diplomacy, engages global partners in Washington

Muhammad Aurangzeb Meetings

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, concluded final day of IMF-WB Spring Meetings in Washington. He held a series of high-level bilateral meetings with global financial institutions, development partners and private sector stakeholders to advance Pakistan’s economic priorities and strengthen international partnerships.

During a meeting with Francis Brooke, Deputy Secretary at the United States Department of the Treasury, the minister shared Pakistan’s progress on macroeconomic stabilization, re-entry into international capital markets, and prudent external debt management, according to press release issued by finance ministry here Saturday.

He highlighted investment opportunities in Pakistan’s minerals and energy sectors and briefed the U.S. side on ongoing efforts related to digital and virtual asset regulation.

Both sides also discussed avenues for cooperation in energy, mineral development, and strengthening anti-money laundering and counter-financing of terrorism frameworks. The minister reaffirmed the depth of bilateral economic engagement and underscored the importance of continued U.S. support for Pakistan’s IMF programme.

Senator Aurangzeb also met Dr. Kalpana Kochhar, President for Global Policy and Advocacy at the Bill & Melinda Gates Foundation.Recalling his earlier engagement with Bill Gates on the sidelines of the World Economic Forum Annual Meeting, he reaffirmed the strong partnership between Pakistan and the foundation.

He stressed that polio eradication remains a national priority requiring sustained support.

The minister also briefed Dr. Kochhar on Pakistan’s ongoing reforms at the Federal Board of Revenue, including digital compliance risk management systems, AI-led production monitoring, behavioral nudges through SMS, and capacity-building initiatives for young officers.

He emphasized that the government’s objective is to institutionalize durable reforms rather than pursue temporary fixes. On vaccine financing, he noted the need for additional support beyond June-July and assured efforts to leverage strong bilateral ties with the Islamic Development Bank. Both sides agreed on the importance of continued learning and knowledge exchange.

In a separate meeting with Jenny Chapman, the minister reaffirmed Pakistan’s longstanding relationship with the United Kingdom. He highlighted that Pakistan has recorded a current account surplus during the first nine months of the fiscal year and remains firmly committed to meeting all fiscal targets by end-June.

He acknowledged the support received from the Saudi Arabia and noted Pakistan’s successful return to international capital markets after four years through a bond issuance.

He also outlined the government’s response to the recent energy price shock through expenditure restraint, full price transmission, targeted subsidies, and direct support through digital wallets.

On climate resilience, he noted that recent flood-related relief was financed entirely through Pakistan’s own fiscal resources, supported by stronger buffers. He highlighted the establishment of a forward-looking National Disaster Management Centre equipped with AI and satellite technology.

The minister appreciated the contribution of the Foreign, Commonwealth & Development Office.

The minister also met Shohei Hara, Senior Vice President of Japan International Cooperation Agency, welcoming the resumption of JICA’s lending portfolio in Pakistan after a prolonged pause.

He appreciated the identification of a water supply scheme in Faisalabad as the first project under the resumed Yen loan portfolio.

Both sides agreed that Pakistan’s current negative net disbursement trend should be reversed through renewed active lending.

He expressed keen interest in leveraging Japan’s experience in health and education and exploring blended financing models to maximize development impact. He also assured full support in resolving operational issues concerning Pakistan Institute of Medical Sciences and security scanners at Karachi Port.

In his meeting with Ms. Zou Jiayi, President of the Asian Infrastructure Investment Bank, Senator Aurangzeb congratulated her on assuming office and appreciated AIIB’s robust engagement in Pakistan, with an ongoing portfolio of $1.7 billion and an additional $1 billion in the pipeline.

He highlighted Pakistan’s planned inaugural Panda Bond issuance and recent Eurobond transaction as validations of macroeconomic stabilization.

He invited AIIB to align future engagement with Pakistan’s infrastructure priorities under the World Bank Group Country Partnership Framework and the Asian Development Bank Country Partnership Strategy. Both sides also discussed measures to improve project implementation and accelerate disbursements.

Im a separate meeting with S&P Global Ratings and Citibank, the minister informed both institutions that Pakistan has successfully concluded a staff-level agreement with the IMF, with Board approval expected shortly.

He also highlighted the successful repayment of $1.4 billion in Eurobond obligations during the current month, additional Saudi financial support, and Pakistan’s return to international capital markets through a private placement bond issuance.

He outlined Pakistan’s medium-term Global Medium Term Note strategy, including Eurobond, Sukuk, and rupee-linked dollar-settled instruments, while also briefing them on progress toward the inaugural Panda Bond. The Finance Minister expressed confidence that Pakistan’s improved macroeconomic fundamentals make a compelling case for a credit rating upgrade.

Later, the minister participated in a high-level roundtable titled “Delivering Social Protection Digitally: Lessons and Innovations from Pakistan, Middle East and North Africa,” organized by the World Bank Group.

The event showcased Pakistan’s Digital Public Infrastructure journey and the digital transformation of the Benazir Income Support Programme. In his remarks, Aurangzeb drew parallels between the COVID-19 demand shock and the current Middle East supply shock, emphasizing that countries investing early in governance and technology were better positioned to respond.

He highlighted Pakistan’s seamless digital delivery of targeted subsidies to two-wheelers, public transport users, and small farmers through existing payment systems.

He stressed that digital social protection is not merely a payment mechanism but a powerful tool for financial inclusion and economic empowerment, particularly for women entering the formal financial system for the first time.

Earlier, the minister also interacted with Pakistani media based in Washington, D.C., briefing them on the outcomes of his visit and Pakistan’s improving economic outlook.

The minister’s wide-ranging engagements on the final day of the Spring Meetings reflected Pakistan’s growing international economic confidence, commitment to reform, and determination to build strong partnerships for sustainable and inclusive growth.

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UNSC votes to renew sanctions on South Sudan for 1 year, adopting resolution 2821; Pakistan abstains

Pakistan’s Deputy Permanent Representative, Ambassador Usman Jadoon

Islamabad: With Pakistan abstaining, the UN Security Council extended for one year the sanctions imposed on South Sudan, including asset freezes, travel bans and an arms embargo – amid concerns expressed by some speakers that the African position on the issue is being overlooked and that sanctions are hindering progress towards lasting peace.

Nine of the 15 Council members voted in favour, none against, with six abstentions (Pakistan, China, Russia, Democratic Republic of the Congo, Liberia,  and Somalia).

Along with renewing those measures until 31 May 2027, the Council also extended the mandate of the Panel of Experts assisting the 2206 South Sudan Sanctions Committee until 1 July 2027.

The United States drafted the text and led negotiations on it, with no substantive changes from the previous resolution 2781 (2025).

Earlier this year, the Council was warned that South Sudan risks relapsing into full-scale civil war.

Explaining his vote, Pakistan’s Deputy Permanent Representative, Ambassador Usman Jadoon, said that Islamabad had consistently abstained because sanctions “should be used judiciously, reviewed periodically and should not become open-ended or punitive in nature”.

“Their purpose should be to support political solutions and stabilization efforts, the Pakistani envoy said, adding, “We also note the African Union’s position against continued sanctions on South Sudan.”

The deteriorating political and security situation raises important questions regarding the effectiveness of the current sanctions regime, Ambassador Jadoon said.

Also Read: UN Adds Israel to List of Parties Accused of Conflict-Related Sexual Violence

South Sudan, the world’s newest country, gained independence in 2011, prompting the establishment of a UN peacekeeping mission to support stability.  However, fighting between rival factions erupted in its capital Juba and quickly spread nationwide in 2013, triggering a major political and security crisis.  A 2015 peace agreement collapsed soon after it was signed, but a Revitalized Agreement on the Resolution of the Conflict in the Republic of South Sudan signed in 2018 led to the formation of a Transitional Government.  Yet, violence and political tensions persist.

According to the Secretary-General’s latest report on the key benchmarks the period from 2025 to 2026 has been the most difficult since the agreement was signed, marked by stagnation and troubling reversals.

In Friday’s decision, the Council requested the Secretary-General, in close consultation with the United Nations Mission in South Sudan (UNMISS) and the Panel of Experts, “to conduct, no later than 15 April 2027, an assessment of progress achieved on the key benchmarks established in paragraph 2 of resolution 2577 (2021); including recommendations on appropriate updates to the benchmarks”. It also requested South Sudanese authorities to report, by the same date, to the Sanctions Committee on the progress achieved on the key benchmarks.

In his remarks, Ambassador Jadoon, went on to say, “Lasting peace in South Sudan will be advanced through sustained political engagement, implementation of the Revitalized Agreement,” and that “We will continue to engage constructively with all partners in support of durable peace and stability in South Sudan.”

United States’ Ambassador Jennifer Locette, while welcoming the mandate renewal, voiced disappointment over the lack of progress on benchmarks and deterioration of the political and security situation in South Sudan, due to a lack of political will by President Salva Kiir and other South Sudanese leaders.

She urged them to return to direct dialogue, calling it “farcical” to suggest dialogue is occurring when one of the signatories to the 2018 peace agreement is under house arrest and on trial.

The Council cannot accept obstruction of the peace process, the US envoy said.

She called on the transitional Government to deliver all steps to restore peace by declaring a national ceasefire, releasing detainees, renouncing the use of violence for political purposes and using public revenue appropriately to support South Sudan’s citizens.

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UN Adds Israel to List of Parties Accused of Conflict-Related Sexual Violence

israel

New York: Israel has been included for the first time in a United Nations list of parties accused of committing conflict-related sexual violence, according to a report issued by the office of UN Secretary-General António Guterres.

The report states that the UN verified 31 cases of sexual violence allegedly committed by Israeli security personnel against Palestinians in Gaza and the occupied West Bank. According to the findings, 13 cases were documented in 2025, while the remaining incidents were recorded during the previous two years.

The verified cases involved men, women and children, and included allegations of rape, gang rape, forced nudity and other forms of sexual abuse. The report attributes the alleged violations to members of the Israeli military, police and prison authorities.

The United Nations noted that the documented cases represent only verified incidents and should be viewed as indicative of broader patterns rather than a complete account of all alleged abuses.

Israel strongly rejected the allegations. Israeli Ambassador to the United Nations Danny Danon accused the UN leadership of bias and misinformation, while Israel’s UN mission announced that it would suspend engagement with the office of Secretary-General António Guterres.

According to the report, UN investigators faced obstacles in conducting comprehensive investigations, including limited access to detainees and allegations that some victims were discouraged from reporting abuse.

The report comes amid growing international scrutiny over the treatment of Palestinian detainees. One widely reported case involved alleged abuse at the Sde Teiman detention facility, where leaked CCTV footage appeared to show guards mistreating a Palestinian detainee. The incident attracted global attention and intensified calls for accountability.

Human rights organizations and international observers have repeatedly raised concerns regarding conditions in Israeli detention facilities and the handling of abuse allegations. Israeli authorities, however, maintain that any suspected misconduct is investigated under Israeli and international legal standards.

The report also references allegations of sexual violence committed by Hamas. The UN stated that several former hostages released from Gaza reported abuse during captivity, although investigators were unable to independently verify some claims due to limited access.

The latest findings are expected to further intensify international debate over accountability, detainee rights and alleged violations of international humanitarian law during the ongoing conflict.

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South Air launches its first Karachi to Gwadar flight, marks start of operations

South Air

Karachi: Pakistan’s new private airline South Air has officially launched its first flight operations with its first Karachi Gwadar flight.

According to details, Flight No. Z8-905 departed from Karachi to Gwadar at 12:00 noon on Monday, marking a major milestone as South Air formally commenced its commercial air operations.

The airline management also confirmed that a new aircraft has reached Sukkur Airport as part of preparations to launch operations from the city in the near future.

Also Read: South Air ready to launch regional flight operations, connecting regions of pakistan

The launch of the Karachi, Gwadar route is being seen as an important step toward improving regional air connectivity, particularly for the coastal city of Gwadar.

The business community in Gwadar welcomed the new air service, saying it will significantly improve travel and trade links between Gwadar, Karachi and other major cities. Traders said the direct air connection will save time, ease travel difficulties, and enhance commercial activity in the region.

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