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Finance Minister Discusses Debt Management and Capital Market Development with World Bank Vice President
Islamabad: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with Mr. Jorge Familiar Calderón, Vice President, World Bank Group, on the sidelines of the World Bank–IMF Spring Meetings 2026.
The Finance Minister congratulated Mr. Familiar Calderón on his recent appointment and underscored the critical role of the World Bank Group Treasury in supporting developing economies through enhanced access to capital markets, financial innovation, and advisory services in debt and risk management.
Senator Aurangzeb outlined Pakistan’s diversified financing strategy, highlighting the use of instruments such as Sukuk and ESG-linked financing, as well as efforts to tap non-traditional markets. He also emphasized ongoing initiatives to deepen the domestic bond market as part of broader efforts to strengthen Pakistan’s financial architecture.
The Finance Minister stressed the importance of knowledge exchange and capacity building, and called for enhanced technical support, advanced analytical tools, and specialized training for Pakistan’s Debt Management Office to strengthen long-term financial resilience.
He further apprised that the Advisor, Debt Management Office, Ministry of Finance, would serve as the focal person for coordinating collaborative programs with the World Bank Group.
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Pakistani Students’ UK Visa Delays Raised by Azam Nazeer Tarar with British High Commissioner
ISLAMABAD: British High Commissioner Jane Marriott called on Federal Minister for Law & Justice Senator Azam Nazeer Tarar. The meeting discussed Pakistan-UK bilateral relations, matters of mutual interest and ways to further strengthen cooperation between the two countries.
During the meeting, the Federal Minister raised the issue of delays in UK visas for Pakistani students and conveyed the Government of Pakistan’s concern to the British High Commissioner.
Senator Azam Nazeer Tarar said that hundreds of Pakistani students were facing difficulties due to delays in visa processing, with a risk that the delays could result in the loss of their academic year. He stressed the need to remove obstacles faced by Pakistani students seeking education abroad and facilitate them in this regard.
The Federal Minister briefed the British High Commissioner that, on the directives of the Prime Minister, a committee under his chairmanship was working to improve the legal and institutional framework concerning Pakistani students studying abroad.
He further informed the High Commissioner that, on the Prime Minister’s directives, the committee had finalized its recommendations on the matter, and work was underway to further improve the legal and institutional framework for Pakistani students pursuing education abroad.
The Federal Minister said that the legal and institutional framework for Pakistani students seeking education abroad was being improved to develop an effective mechanism for addressing the issues faced by students.
British High Commissioner Jane Marriott assured the Federal Minister that the issue of delays in visas for Pakistani students would be addressed.
The meeting also discussed further strengthening educational linkages between Pakistan and the United Kingdom, as well as enhancing institutional cooperation and engagement between the two countries.
Minister of State for Law, Justice and Human Rights Barrister Aqeel Malik was also present during the meeting.
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Naqvi Sets September 30 Deadline for Completion of Islamabad Safe City Expansion
ISLAMABAD: Interior Minister Mohsin Naqvi, accompanied by Minister of State for Interior Talal Chaudhry, visited the Islamabad Safe City Headquarters on Friday and chaired a special meeting to review progress on the Safe City Expansion Project, directing officials to complete the ambitious initiative by September 30.
During the briefing, officials informed the minister that overall work on the expansion project has reached 85 percent completion. Installation of the new surveillance network is also 85 percent complete, while 415 kilometres of optical fibre have been laid to support the upgraded system. Work on the data centre, cyber architecture, and cybersecurity infrastructure has also reached approximately 80 percent completion.
Expressing satisfaction over the pace of work, Naqvi stressed that the remaining tasks must be completed within the stipulated timeframe.
He said the government’s vision is to transform the Islamabad Safe City into a modern, smart, and world-class institution comparable to those in developed countries.
The interior minister said the technologically advanced Safe City system would significantly strengthen public safety through enhanced surveillance, effective monitoring, and rapid emergency response capabilities.
He noted that the project would play a vital role in improving law enforcement efficiency and ensuring better security for residents of the federal capital.
Naqvi also assigned officials the task of completing the state-of-the-art Fusion Centre within the next three months, describing it as a critical component of the upgraded Safe City network.
He further directed the relevant authorities to finalise the Safe City Bill at the earliest and present it before the National Assembly without delay to provide the legal framework necessary for the project’s long-term operation and expansion.
The meeting was attended by the Federal Secretary for Interior, the Director General of the Federal Investigation Agency (FIA), senior Safe City officials, and other relevant officers, who briefed the minister on the progress and future roadmap of the expansion project.
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PM Shehbaz, high-level delegation perform Umrah; pray for country’s progress
MAKKAH AL-MUKARRAMAH: Prime Minister Muhammad Shehbaz Sharif, along with his high-level delegation, performed Umrah here on Friday.
He was accompanied by his delegation including Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar, Chief of Army Staff and Chief of Defence Forces Field Marshal Syed Asim Munir, federal ministers Khawaja Muhammad Asif and Attaullah Tarar, and Special Assistant to PM Tariq Fatemi.
The door of Khana Kaaba was opened specially for the prime minister and his delegation.
Following the completion of the Umrah rituals, the prime minister, field marshal, and other members of the Pakistani delegation offered special prayers for the progress and prosperity of the country, the safety and unity of the Muslim Ummah, and for regional and global peace.
The prime minister arrived in Jeddah on Thursday evening for a three-day visit to Saudi Arabia at the invitation of Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud.
Besides meeting with his Saudi counterpart, he will also pay a visit to the Roze-e-Rasool (PBUH) in Madinah.
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