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Pakistan PM meets Bill Gates, calls partnership key in polio fight

Pakistan PM meets Bill Gates, calls partnership key in polio fight
Pakistan Prime Minister Shehbaz Sharif speaks during a bilateral meeting with Bill Gates, chair of Gates Foundation, on the sidelines of 80th UNGA session in New York on September 25, 2025. (Handout/PMO)
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Pakistan PM meets Bill Gates, calls partnership key in polio fight

Pakistan PM meets Bill Gates, calls partnership key in polio fight
  • Pakistan has reported 27 polio cases so far this year across the country
  • Polio only remains endemic in Pakistan and neighboring Afghanistan

ISLAMABAD: Prime Minister Shehbaz Sharif called Pakistan’s partnership with the Gates Foundation vital for polio eradication which he described as a “high priority” in the face of 27 cases reported this year, his office said on Thursday.

The remarks came during a meeting between Sharif and Gates Foundation Chairman Bill Gates on the sidelines of the 80th session of the United Nations General Assembly in New York.

The highest number of polio cases confirmed this year in Pakistan so far includes 18 from the northwestern Khyber Pakhtunkhwa province followed by seven from southern Sindh and one each from Punjab and Gilgit-Baltistan.

“The premier appreciated the valuable support extended by the Gates Foundation to Pakistan for polio eradication efforts, improving immunization and nutrition as well as financial inclusion in the country,” the PM Office said in a statement.

“The prime minister stressed that polio eradication remained a high priority for the Government and partnership with the Gates Foundation would remain vital to achieve this objective.”

Polio is a highly infectious and incurable disease that can cause lifelong paralysis. The only effective protection is through repeated doses of the Oral Polio Vaccine for every child under five during each campaign, alongside timely completion of all routine immunizations.

Pakistan and Afghanistan are the only two countries where polio remains endemic.

Pakistan recorded 74 cases in 2024, a sharp rise from six in 2023 and just one in 2021.

Pakistan’s efforts to eliminate poliovirus have mostly been hampered by parental refusals, widespread misinformation and repeated attacks on anti-polio workers by militant groups.

In remote and volatile areas, vaccination teams often operate under police protection, though security personnel themselves have also been targeted in attacks.

The government has already said around 400,000 door-to-door workers will be deployed in the next nationwide polio vaccination drive from Oct. 13-19 to inoculate 45.4 million children.


Pakistan announces $4.29 billion circular debt resolution in power sector

Pakistan announces $4.29 billion circular debt resolution in power sector
Updated 25 September 2025

Pakistan announces $4.29 billion circular debt resolution in power sector

Pakistan announces $4.29 billion circular debt resolution in power sector
  • Debt workout executed with support of 18 banks, coordinated through State Bank of Pakistan
  • Move comes ahead of IMF review after lender repeatedly flagged circular debt as a major issue

KARACHI: Pakistan has announced the resolution of Rs1.225 trillion ($4.29 billion) in power sector circular debt, said an official statement on Thursday, a move officials described as a landmark step to restore stability in the country’s troubled energy market.

Federal Power Minister Sardar Awais Ahmed Khan Leghari, addressing a ceremony televised nationally, said the agreement was aimed at breaking the debt cycle that has long weighed on the sector.

“The circular debt has long burdened Pakistan’s energy sector,” he said. “Today, this circular debt scheme is a bold step to break that cycle, restore stability and provide relief to our consumers.”

He added that the restructuring was part of a broader reform plan rather than an isolated measure.

“Previously, only the financial cost of the debt was being serviced, a stopgap that never addressed the real issue,” he added. “Now, a burden of Rs1,225 billion in circular debt is going to be settled without falling on the exchequer or on consumers. This will strengthen the liquidity of the sector.”

The finance ministry said in a statement the plan was executed with the support of 18 commercial banks, coordinated through the Pakistan Banks Association and backed by the State Bank of Pakistan.

The circular debt had become one of the most serious drags on the economy, repeatedly flagged by the International Monetary Fund (IMF) during its engagements with the government.

The announcement of financing comes ahead of the expected arrival of an IMF mission for the second economic performance review under a $7 billion program.

The government said the deal involves restructuring Rs660 billion ($2.31 billion) in existing loans and arranging Rs565 billion ($1.98 billion) in fresh financing to clear overdue payments to power producers.

Repayments will be covered by an already levied surcharge of 3.23 rupees ($0.011) per unit of electricity, avoiding new charges for consumers.

The package also frees up Rs660 billion ($2.31 billion) in sovereign guarantees, which the government said will channel liquidity toward agriculture, small and medium-sized businesses, housing, education and health care.

Prime Minister Shehbaz Sharif joined the ceremony by video link from New York, where he is attending the UN General Assembly.

He called the debt workout a major achievement, adding that the government’s next steps would be privatizing power distribution companies and tackling line losses in the grid.


Punjab vows flood-resilient infrastructure as World Bank pledges post-disaster support

Punjab vows flood-resilient infrastructure as World Bank pledges post-disaster support
Updated 25 September 2025

Punjab vows flood-resilient infrastructure as World Bank pledges post-disaster support

Punjab vows flood-resilient infrastructure as World Bank pledges post-disaster support
  • World Bank to assist Pakistan’s most populous province in recovery and future climate resilience
  • Over 4.7 million people affected, 1.5 million acres of crops devastated by historic flooding

LAHORE: The government of Punjab on Thursday pledged to build climate-resilient infrastructure and improve early warning systems as the World Bank offered support for post-flood recovery efforts in Pakistan’s most populous province, ravaged by some of the worst monsoon flooding in recent history.

Heavy monsoon rains and floods have killed at least 1,006 people and injured more than 1,000 nationwide since June 26, when this year’s monsoon season began. 

Punjab, the country’s agricultural heartland, has borne the brunt since late August, with over 300 people killed, 4,700 villages submerged, 4.7 million people affected and 1.5 million acres of crops damaged after rivers swelled from torrential downpours and India released water from its dams. Authorities say they have launched the province’s largest-ever search and rescue operation, moving 2.6 million people and 2.1 million animals to safety.

The floods have disrupted the pace of development projects in the province, but a survey is already under way to assess the damage, Punjab’s senior provincial minister Maryam Aurangzeb said after meeting World Bank Country Director Bolorma A. Amgaabazar in Lahore on Thursday. 

 “We will build infrastructure that is resilient to floods and capable of withstanding climate disasters,” the minister was quoted as saying in a statement. “A modern early warning system will be implemented.”

Aurangzeb said the provincial government had mounted an unprecedented disaster response. 

“The largest rescue and relief operation in history was carried out,” she said. “Millions of people and their livestock were moved to safe locations.”

She added that the current administration was the first in Punjab to undertake “record work” on environmental improvement, including eliminating toxic emissions, shifting brick kilns to zigzag technology and taking steps to tackle smog.

According to the statement, World Bank’s Amgaabazar expressed satisfaction over progress on development projects in the province and commended the monitoring system established by the chief minister.

“Social protection programs in Punjab are proving to be effective,” she said. “With the completion of these projects, the Punjab government will also succeed in achieving its development goals.”

Thirteen projects are currently underway in Punjab with World Bank collaboration, while four new projects are under consideration.
 


Pakistan plans nationwide network of expo centers to boost trade, attract FDI

Pakistan plans nationwide network of expo centers to boost trade, attract FDI
Updated 25 September 2025

Pakistan plans nationwide network of expo centers to boost trade, attract FDI

Pakistan plans nationwide network of expo centers to boost trade, attract FDI
  • Islamabad and Quetta prioritized as first sites under new trade infrastructure plan
  • Government studying German and global models to build world-class exhibition venues

ISLAMABAD: Pakistan will develop a nationwide network of modern exhibition and display centers aimed at boosting exports, strengthening local industries and attracting foreign investment, the commerce ministry said on Thursday. 

The move is part of a broader strategy to modernize Pakistan’s trade infrastructure and bring it in line with international standards, as the South Asian nation seeks to deepen integration into global supply chains and position itself as a competitive hub for manufacturing and services. Officials say the new facilities will support small and medium enterprises, showcase domestic products to overseas buyers and provide a platform for international trade fairs and industry events.

“The first priority is the establishment of an Expo-cum-Display Center in Islamabad that will provide a world-class trade and exhibition venue in the federal capital,” Commerce Minister Jam Kamal Khan said in a statement, adding that “securing new land for the Quetta Expo Center, preferably near the airport to ensure easy access for foreign visitors and investors,” was the second key focus.

Potential sites for the Islamabad facility include the Pakistan Sports Complex, where existing infrastructure could help reduce construction time and costs. In Quetta, the government is considering locations with direct access to transportation links to better serve international exhibitors and business delegations.

If fully implemented, the plan would mark a significant expansion of Pakistan’s trade promotion infrastructure. The government hopes the new centers will not only expand export opportunities but also attract foreign investors seeking to partner with Pakistani firms in sectors ranging from textiles and agriculture to engineering goods and information technology.

The Pakistan Expo Center (Private) Limited, which presented the plan to the commerce ministry this week, said the initial design would be prepared under an open bid model, with construction to begin once funding is secured through the Export Development Fund, the federal Public Sector Development Programme, or other approved financing channels.

Letters have been sent to all four provincial governments and the Capital Development Authority to identify land parcels for small-scale centers. Sialkot and Faisalabad have already offered sites, while proposals from Sukkur, Hyderabad and Quetta are under review. 

The concept includes building multipurpose halls in secondary cities to host trade delegations and industry events, drawing on international best practices including modular designs used in Germany and other major exhibition markets.

The government also plans to restructure the board of Pakistan Expo Center to strengthen governance, improve decision-making and accelerate delivery of the projects. 

Commerce Minister Khan said the initiative would help energize local industry and create new opportunities for foreign investment by combining Pakistan’s low-cost manufacturing base with exhibition infrastructure built to global standards.

He directed the federal industries ministry to submit detailed proposals on key industrial clusters and priority sectors from all provinces within a week so that final decisions on construction and funding could move forward.


Pakistan urges UN governance of military AI, warns of risks from unregulated use

Pakistan urges UN governance of military AI, warns of risks from unregulated use
Updated 25 September 2025

Pakistan urges UN governance of military AI, warns of risks from unregulated use

Pakistan urges UN governance of military AI, warns of risks from unregulated use
  • Pakistan’s defense minister says AI without human control could destabilize global order
  • UN chief urges ban on lethal autonomous weapons by 2026, says ‘window is closing’

ISLAMABAD: Pakistan said on Wednesday unregulated artificial intelligence (AI), particularly in military applications, posed grave risks and must be fully governed by the United Nations Charter and international law, according to a state media report.

Defense Minister Khawaja Muhammad Asif told a Security Council debate on AI that applications without “meaningful human control” should be prohibited.

He maintained that AI had the potential to accelerate socio-economic progress but could also deepen inequalities and destabilize the international order.

Asif particularly cited the use of autonomous munitions and high-speed cruise missiles in a recent military exchange between India and Pakistan as an example of the dangers.

“AI must not become a tool of coercion or technological monopoly,” he said, according to the Associated Press of Pakistan (APP) news agency, adding that it “lowers the threshold for use of force, making wars more politically and operationally feasible.”

The defense minister urged states to commit to measures that prevent the destabilizing use of AI, stressing that human judgment must remain central in matters of war and peace.

“We must ensure that AI is harnessed to promote peace and development, not conflict and instability,” he added.

Earlier, UN Secretary-General Antonio Guterres said while opening the debate that AI was already transforming daily life and the global economy “at breathtaking speed.”

While it can be used responsibly for prevention and protection, “without guardrails, it can also be weaponized,” he cautioned, renewing calls for a ban on lethal autonomous weapons without human control by 2026 while pointing out the “window is closing” for timely decisions.

The meeting, chaired by South Korean President Lee Jae Myung, was held on the margins of the 80th UN General Assembly Session.

It also featured global leaders, academics and experts who urged stronger international governance, broader access to AI development and safeguards to preserve human authority over life-and-death decisions.
 


Pakistan fintech network says Saudi firms interested in investing in crypto, financial technology

Pakistan fintech network says Saudi firms interested in investing in crypto, financial technology
Updated 25 September 2025

Pakistan fintech network says Saudi firms interested in investing in crypto, financial technology

Pakistan fintech network says Saudi firms interested in investing in crypto, financial technology
  • Over a dozen Saudi firms voiced investment interest at last week’s financial gathering in Riyadh
  • Nearly 25 Pakistani fintechs showcased solutions, drawing interest in their platforms and services

ISLAMABAD: Interest in Pakistan’s fintech and crypto markets is rising, with more than a dozen Saudi companies signaling plans to invest after engaging Pakistani firms at a major financial technology gathering in Riyadh last week, according to the Pakistan Fintech Network (PFN) on Wednesday.

The Money20/20 Middle East conference, held in the Saudi capital from September 15 to 17, was aligned with the Kingdom’s Vision 2030, which seeks to foster innovation in financial services, strengthen collaboration between regulators, investors and startups and position Riyadh as a global fintech hub. The event brought together more than 450 brands, 600 investors and 350 speakers from over 40 countries.

According to PFN, more than 25 Pakistani fintech firms showcased their solutions at the forum, signing agreements and exploring opportunities in the Saudi market.

“They are interested in crypto exchanges, loan-lending fintech companies and financial institutions to tap the Pakistani market,” PFN CEO Fahad Sajjad told Arab News.

He said the “highly encouraging” response reflected Saudi demand for innovation and added that investors were closely watching the development of Pakistan’s crypto framework.

“The Saudi market is hungry for innovation and offers vast potential that Pakistani fintech firms can tap into through collaborations,” Sajjad said.

Among the announcements tied to the event, Pakistani fintech startup ABHI unveiled a partnership with TRAY, a Saudi cloud-based point-of-sale (POS) and business management platform.

The agreement introduces Earned Wage Access (EWA) services to ֱ’s fast-growing food and beverage sector.

EWA is a financial solution that enables employees to withdraw part of their earned salary at any time before payday, eliminating the need to wait until the end of the month. Under the deal, ABHI’s technology will be integrated into TRAY’s enterprise POS ecosystem, covering restaurants, cafés and cloud kitchens across the Kingdom.

“The response at Money20/20 was amazing,” Omair Ansari, ABHI’s CEO and co-founder, said. “We signed eight memorandums of understanding in total, and TRAY has already gone live with ABHI, with more big names to follow soon.”

“This will empower employees with instant access to their salaries, helping reduce turnover and strengthen retention in one of the Kingdom’s most dynamic industries,” he added.

Founded in 2021, ABHI offers EWA, payroll solutions and SME financing. It has already expanded into the UAE, ֱ and Bangladesh while attracting major international investment.

The company entered the Saudi market last year through a partnership with Alraedah, a principal SME financing institution in the Kingdom.

“Soon more names will be going live in the upcoming weeks or in the start of October,” Ansari said.