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Pakistan, EU renew GSP+ commitment, discuss counterterror cooperation, Middle East peace efforts

Pakistan, EU renew GSP+ commitment, discuss counterterror cooperation, Middle East peace efforts
Olof Skoog (RIGHT), the deputy secretary general of the European External Action Service and Pakistan’s Foreign Secretary Amna Baloch shake hands in Islamabad, on July 17, 2025. (Foreign Office)
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Updated 2 min 18 sec ago

Pakistan, EU renew GSP+ commitment, discuss counterterror cooperation, Middle East peace efforts

Pakistan, EU renew GSP+ commitment, discuss counterterror cooperation, Middle East peace efforts
  • Pakistan, EU officials hold 10th Political Dialogue in Brussels to discuss bilateral, regional issues
  • Both sides call for resumption of ceasefire in Gaza, improvement in humanitarian situation there 

ISLAMABAD: Senior officials from Islamabad and the European Union on Thursday resolved to continue their engagement under the Generalized Scheme of Preference Plus (GSP+) framework, discussing counterterror collaboration and peace efforts in Gaza, Pakistan’s foreign office said. 

Europe’s GSP+ scheme grants beneficiary countries’ exports duty-free access to the European market in exchange for voluntarily agreeing to implement 27 international core conventions, including those on human and civil rights. In October 2023, the EU unanimously voted to extend GSP+ status until 2027 for developing countries, including Pakistan.

Olof Skoog, the deputy secretary general of the European External Action Service and Pakistan’s Foreign Secretary Amna Baloch led the delegations from both sides, as they held the 10th Political Dialogue in Brussels on Thursday. 

“The two sides reiterated their resolve to continue close engagement under the GSP+ framework,” Pakistan’s foreign office said.

“They acknowledged the meaningful cooperation on various aspects of migration, aiming to hold the third Comprehensive Migration and Mobility Dialogue later in 2025.”

The statement said both sides also discussed views on regional and global issues, stressing the importance of multifaceted cooperation on security matters, including counterterrorism and counter-narcotics.

Both delegations condemned all forms of “terrorism,” the foreign office said. 

Brussels and Islamabad discussed the Ukraine conflict and the Kashmir dispute between India and Pakistan as well, pushing for dialogue. 

“Both sides agreed on the need for efforts based on dialogue and diplomacy in order to solve contentious issues and underscored the importance of upholding international law and the sanctity of international agreements/treaties,” it added. 

The two sides also exchanged views on the evolving situation in the Middle East, where Israel has killed over 57,000 Palestinians in Gaza in military operations since October 2023. 

“They agreed on the urgent need to improve the humanitarian situation in Gaza,” the statement said.

“Both sides called for the resumption of a ceasefire, and expressed support for initiatives that contribute to a just, lasting, and comprehensive peace in Palestine in accordance with the two-state solution.”

Islamabad considers EU a vital trading partner. Pakistan has become the largest beneficiary of the GSP+ trade scheme in recent years, with its businesses increasing their exports to the EU market by 108 percent since the trade scheme was launched in 2014.


Pakistan expresses solidarity as fire at Iraq shopping center kills over 60

Pakistan expresses solidarity as fire at Iraq shopping center kills over 60
Updated 4 sec ago

Pakistan expresses solidarity as fire at Iraq shopping center kills over 60

Pakistan expresses solidarity as fire at Iraq shopping center kills over 60
  • Iraqi officials say several remain missing after huge fire broke out at Iraq’s Kut city on Wednesday night
  • Prime Minister Shehbaz Sharif prays for speedy recovery of injured, offers condolences to victims’ families

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday expressed solidarity with the people and government of Iraq after a fire erupted at a shopping center in Kut city, killing more than 60 people while others remained missing.

Iraqi officials say at least 61 people have been killed and several remain missing after a huge fire broke out at a hypermarket in eastern Iraq’s Kut city on Wednesday night.

Videos on social media showed flames engulfing a five-story building in Kut overnight, where firefighters were trying to contain the fire. The mall, which had opened only a week earlier, also contained a restaurant and supermarket.

“Deeply saddened by the tragic fire in Al-Kut, Iraq, that has caused tragic loss of lives of innocent people,” the Pakistani premier wrote on social media platform X.

“My heartfelt condolences to the families who lost their loved ones in this tragedy. May the injured recover swiftly. Pakistan stands in solidarity with the people of Iraq in this hour of grief.”

Iraq’s federal cabinet on Thursday announced three days of mourning over the loss of lives. The government has also launched an investigation into the incident, saying that results will be released within 48 hours.

Unregulated buildings have caused tragic fires in Iraq in the past. In July 2021, a blaze at a hospital in Nasiriyah killed over 60.

Subsequent investigations showed the building was fueled by a highly flammable, low-cost type of “sandwich panel” cladding illegal in Iraq.


Punjab imposes ban on public gatherings as Pakistan’s monsoon toll nears 190

Punjab imposes ban on public gatherings as Pakistan’s monsoon toll nears 190
Updated 6 min 34 sec ago

Punjab imposes ban on public gatherings as Pakistan’s monsoon toll nears 190

Punjab imposes ban on public gatherings as Pakistan’s monsoon toll nears 190
  • 63 killed in 24 hours in Punjab alone, emergency declared in Rawalpindi as 230mm of rain falls in 15 hours
  • Punjab imposes ban till August 30 to deter people from swimming in dams, rivers, canals, ponds and lakes

ISLAMABAD: Pakistan’s largest province Punjab has imposed a ban on public gatherings till August 30 to deter people from bathing in rivers, ponds, canals and other places, an official notification said on Thursday, as relentless monsoon rains battered large swathes of the country to push the death toll close to 190. 

Pakistan’s disaster management authorities has warned of rising water levels and flood alerts, especially in Rawalpindi and Islamabad, as intense monsoon activity swept across northeastern and central Pakistan. This prompted emergency declarations, evacuation adviseries and a heightened state of alert across provincial administrations.

In Punjab, the country’s most populous province, the Provincial Disaster Management Authority (PDMA) said 103 people had died and 393 had been injured in rain-related incidents since the start of the monsoon season in late June. Of these, 63 were killed in the last 24 hours and 290 were injured, while 128 houses were damaged in total, the PDMA said. 

“The Punjab Home Secretary has imposed Section 144 across the province in light of monsoon rains, rising water levels, and prevailing weather conditions,” a statement from the Punjab Home Department’s director of public relations said. 

Section 144 empowers authorities to impose a ban on public gatherings of four or more persons for a limited amount of time.

The statement said all forms of swimming and boating have been completely banned in dams, rivers, canals, ponds, and lakes across the province. The statement added bathing in rainwater collected on streets, roads, open areas or public spaces has also been banned.

 Most of the casualties in Punjab over the last 24 hours occurred in densely populated districts such as Lahore, Faisalabad, Okara, Sahiwal and Pakpattan, largely due to roof collapses in structurally vulnerable homes.

The National Disaster Management Authority (NDMA) said the nationwide death toll stood at 124 on Wednesday. With the latest fatalities in Punjab, it has risen to at least 187.

“Over the next 24 hours, intense rainfall could trigger flash floods in cities and cause surging water levels in streams and rivers,” the NDMA said Thursday. “Heavy downpours are expected to continue in Rawalpindi and Islamabad for the next 24 to 48 hours, raising the risk of flooding in low-lying areas and along Nullah Lai.”

“Residents near the stream are advised to prepare for possible evacuation if warning sirens are sounded and cooperate fully with local authorities,” the statement added.

Authorities have urged people to vacate unsafe structures, avoid flood-prone zones and keep children indoors as flash floods, collapsing roofs and overflowing drains pose acute threats to life in several regions.

The NDMA said it had instructed local agencies to remain on high alert, ensure the availability of rescue and drainage equipment and coordinate early warning efforts. People were advised to make advance arrangements for food, drinking water and emergency supplies.

EMERGENCY IN RAWALPINDI

In Rawalpindi, a city of more than 2 million, over 230 millimeters of rainfall was recorded in just 15 hours, prompting local authorities to declare a state of emergency.

Water levels in the Nullah Lai stream surged to 20 feet at Katarian and 19 feet at Gawalmandi, according to the Water and Sanitation Agency (WASA). A local holiday was declared to minimize public movement in flooded areas.

“Rescue and relief equipment was distributed in advance to district authorities ahead of the monsoon,” the PDMA said.

“In view of the emergency in Rawalpindi, Rescue 1122 currently has 16 OBM [outboard motor] boats, 205 life jackets, 31 ambulances, 19 fire brigades and 4 rescue vehicles on standby.”

Evacuation announcements were being made from mosques in high-risk areas. Authorities called on residents living near Nullah Lai to cooperate with relocation efforts if needed.

In the federal capital Islamabad, rain continued intermittently for several hours. Sanitation workers were deployed to clear clogged drains, assistant commissioners inspected stormwater infrastructure and traffic police were dispatched to manage congestion on waterlogged roads.

FLASH FLOODS IN PUNJAB

In other parts of Punjab, including Chakwal, heavy rainfall caused significant disruption. A cloudburst in Chakwal dropped 423 millimeters of rain, flooding low-lying areas and inundating homes, according to local TV channel Geo News. Rescue operations were launched and evacuations were underway.

In Jhelum, the Pakistan Army conducted an emergency airlift operation after flash floods stranded 40 people in the Deras of Mouza Dhok Biddar and Nakkan Kalan. Due to heavy rainfall, boat rescues were not possible, and helicopters were used to evacuate all individuals safely.

Pakistan contributes less than one percent to global greenhouse gas emissions but is among the countries most vulnerable to climate change. Shifting monsoon patterns, accelerated glacial melt and extreme weather events have increased the frequency and severity of climate-linked disasters.

In 2022, record-breaking monsoon rains combined with glacial melt submerged nearly a third of Pakistan, killing more than 1,700 people and displacing over 8 million. 
 


Fertilizer sector fuels Pakistan stock market rally as benchmark index hits record high

Fertilizer sector fuels Pakistan stock market rally as benchmark index hits record high
Updated 17 July 2025

Fertilizer sector fuels Pakistan stock market rally as benchmark index hits record high

Fertilizer sector fuels Pakistan stock market rally as benchmark index hits record high
  • Fauji and Engro fertilizer stocks contribute nearly 600 points to KSE-100 gain
  • Surging investor sentiment, dividend expectations, possible Moody’s upgrade drive momentum

ISLAMABAD: Pakistan’s main stock index surged to a new record on Thursday, closing above the 138,000 mark for the first time, driven by strong institutional inflows and a sharp rally in fertilizer and blue-chip stocks, according to analysts and market data.

The benchmark KSE-100 index closed at 138,665.49 points, gaining 2,285.53 points or 1.68 percent from the previous close of 136,379.96, a bullish move that traders said reflected investor optimism ahead of earnings season and growing expectations of a credit rating upgrade.

Fertilizer companies led the rally, with Fauji Fertilizer Company Limited (FFC) and Engro Fertilizers Limited (EFERT) together adding 563 points to the index. Other top contributors included United Bank Limited (UBL), Systems Limited (SYS), Engro Holdings (ENGROH), and Hub Power Company Limited (HUBC), which added another 763 points collectively, brokerage firm Topline Securities said in its daily report.

“This rally was driven by heavy institutional flows, with local investors stepping in to scoop up value,” Topline said. “With sentiment back in high gear, today’s bullish close sets an upbeat tone heading into the heart of earnings season.”

Investor activity remained high with 778 million shares traded, while the total value of trades stood at Rs39.95 billion ($140.2 million). Pakistan International Bulk Terminal (PIBTL) led volumes, with 82.6 million shares exchanged during the session.

Ahsan Mehanti, CEO of Arif Habib Commodities, said investor confidence was boosted by anticipated strong corporate earnings, attractive dividend expectations and government engagement with Moody’s over a potential rating upgrade.

“Government affirmation over talks with industrials on budgetary measures, and the finance minister’s presentation to Moody’s of compelling evidence for a ratings improvement played a catalytic role in today’s close,” Mehanti said.
 


Women in Pakistan earn 30 percent less than men, ILO finds in landmark wage gap study

Women in Pakistan earn 30 percent less than men, ILO finds in landmark wage gap study
Updated 17 July 2025

Women in Pakistan earn 30 percent less than men, ILO finds in landmark wage gap study

Women in Pakistan earn 30 percent less than men, ILO finds in landmark wage gap study
  • Women make up just 13.5 percent of wage earners in Pakistan despite rising education levels
  • Pay gap widens in informal sectors, remains largely unexplained by skills or experience

ISLAMABAD: Women in wage employment in Pakistan earn nearly 30 percent less per month than men despite often having higher levels of education and working full time, according to a new report by the International Labour Organization (ILO), one of the most comprehensive studies of the country’s gender pay gap to date.

Published in July 2025, the ‘Gender Pay Gap in Pakistan: An Empirical Analysis’ found that on average, women earn 25 percent less per hour and 30 percent less per month than male counterparts, “even when they have similar qualifications and experience, and are employed in comparable roles.”

“The magnitude of the gender pay gap in Pakistan is among the highest when compared to other lower-middle-income countries,” the ILO said.

The study used data from Pakistan’s Labour Force Surveys from 2013 to 2021, examining hourly, monthly and annual earnings across public and private sectors, including both formal and informal employment. The authors concluded that the wage disparity is only partially explained by observable factors such as age, education, occupation and hours worked.

“The majority of the wage gap between men and women in Pakistan remains unexplained, suggesting that discrimination or other unmeasured factors may be at play,” the report said.

The wage gap is also compounded by extremely low female participation in the labor force. 

According to the report, women account for just 13.5 percent of wage employees, despite making up nearly half the working-age population.

As of 2021, the female employment rate stood at 23 percent, compared to 79 percent for men.

“The overall employment gap — defined as the difference in employment-to-population ratios between men and women — has hovered at 56 percentage points over the last decade,” the report found, adding that women face “multiple challenges when entering, staying in, and progressing in wage employment.”

In many cases, the ILO noted, women with higher levels of education still earned significantly less than men with similar or even lower qualifications, “indicating entrenched biases in hiring and promotion decisions.”

INFORMAL SECTOR

The study found that the gender pay gap is widest in the informal sector, where women earn over 40 percent less per hour than men. In the formal private sector, the gap is slightly narrower, and lowest in the public sector, where wage structures are regulated and pay scales standardized.

“The informal sector, where a significant proportion of women are employed, exhibits the highest gender pay gap, primarily due to the lack of oversight, low unionization, and absence of formal wage-setting mechanisms,” the report said.

The ILO also cited the impact of occupational segregation. Women are underrepresented in higher-paying roles and overrepresented in sectors such as domestic work, education, and agriculture, which are often undervalued.

To address these gaps, the report outlines a number of recommendations, including expanding formal employment opportunities for women, enforcing minimum wage laws and pay transparency measures and developing gender-responsive social protection systems. It also recommends strengthening labor inspection and legal enforcement, particularly in the informal sector, and investing in sex-disaggregated data collection to better monitor wage trends and disparities.

The ILO also urged Pakistan to ratify and implement international conventions on equal pay and non-discrimination, including ILO Convention No. 100 (Equal Remuneration) and No. 111 (Discrimination in Employment and Occupation).

The report underscores that eliminating gender-based wage disparities is not only a matter of justice, but also critical for boosting economic productivity and household welfare.

“Addressing the gender pay gap is essential to achieving inclusive economic growth and meeting Pakistan’s commitments under the Sustainable Development Goals,” the ILO concluded.


Pakistani province completes first forest carbon mapping, targets $4 billion in credit revenue

Pakistani province completes first forest carbon mapping, targets $4 billion in credit revenue
Updated 17 July 2025

Pakistani province completes first forest carbon mapping, targets $4 billion in credit revenue

Pakistani province completes first forest carbon mapping, targets $4 billion in credit revenue
  • Khyber Pakhtunkhwa identifies 2.2 million hectares of forest land that can absorb 400 million tons of carbon
  • KP chief minister says provincial government expected to earn $100 million annually from selling carbon credits

PESHAWAR: Pakistan’s northwestern Khyber Pakhtunkhwa (KP) government on Thursday announced it had completed its first forest carbon credit mapping, saying that projects on over two million hectares of land can be used to generate $4 billion in revenue and create over 50,000 jobs. 

Carbon credits are permits that allow owners— governments or companies— to emit a certain amount of carbon dioxide or other greenhouse gases (GHGs). The United Nations allows polluting companies or countries to buy carbon credits to offset their emissions. These credits can be sold in international carbon markets. 

Forest carbon credit mapping refers to the process of using satellite images, drones, and data to measure the forest land of a particular area. This estimates how much carbon the trees in that given area are absorbing. This data is then used to identify areas where projects can be launched to earn carbon credits.

A ceremony was held at the Chief Minister’s House in Peshawar to mark the launch of KP’s first Forest Carbon Credit Mapping Report, the chief minister’s office said in a statement. The report was launched by Chief Minister Ali Amin Gandapur. 

“Through this mapping, done with the help of modern technology, ten potential projects covering 2.2 million hectares of forest land in the province have been identified,” the statement said.

“These projects can absorb more than 400 million tons of carbon,” the statement added.

The report further said these projects can earn a revenue of $4 billion and create over 50,000 green jobs. Meanwhile, Gandapur said the mapping will serve as a “comprehensive model” for the province’s environmental, economic, and social development.

“The forest area of Khyber Pakhtunkhwa makes up 46 percent of the country’s total forested area,” Gandapur was quoted as saying in the statement. “The forests of the province have the capacity to absorb 50 percent of the country’s carbon.”

The KP chief minister said the provincial government is expected to earn $100 million annually from carbon credits. He said the KP government is undertaking efforts to further increase the forest area of the province.

Pakistan is consistently ranked as one of the world’s worst-affected countries due to climate change. Monsoon rains in the country since June 26 alone have killed around 190 people and injured several others. 

Unusually heavy rains triggered flash floods in June 2022 that killed over 1,700 people and caused damages of over $33 billion, with large swathes of crops and critical infrastructure destroyed by raging currents.