External Debt and Liabilities Hit Historic High of $125.8 Billion in Q1 FY 2022

Pakistan’s external debt and liabilities increased from $122.199 billion by the end of June 2021 to $125.876 billion by the end of September 2021, registering an increase of $3.677 billion.

This was revealed by the Ministry of Economic Affairs in an in-camera meeting of the National Assembly Standing Committee on Economic Affairs Division that was held with Mir Khan Muhammad Jamali in the chair.

The meeting entailed a detailed briefing about Pakistan’s external debt and liabilities, with break-ups from 2008 to 2013, 2013 to 2018, and 2018 to date, and the disbursement of funds for the ongoing portfolio, both in bilateral and multilateral projects.

The State Bank of Pakistan is yet to release the data for the external debt and liabilities for the first quarter of the current fiscal year.

According to the documents presented to the committee, the external debt and liabilities were $46.161 billion by the end of June 2008, $60.899 billion by the end of June 2013, $95.237 billion by end of June 2018, $122.199 billion by the end of June 2021, and $125.876 billion by the end of September 2021.

Additionally, the external public debt inflows budget was estimated to be $17.199 billion for 2021-22 while the outflows for this period were projected to be $12.278 billion, which is the estimated net balance is $4.911 billion for the current financial year.

The external public debt inflows were $14.783 billion in 2020-21 while the outflow was $8.551 billion and the net balance was $6.232 billion.

The documents also revealed that external public debt inflow was $25.007 billion during 2008-09 to 2012-13 and outflow was $19.065 billion; the inflow was $49.762 billion inflow during 2013-14 to 2017-18, and the outflow was $27.071 billion, and the inflow was $38.868 billion between 2018-19 and 2020-21, and the outflow was $29.041 billion.

Source: Pro Pakistani

NBP Denies Loss of Data After a Massive Cyberattack Disrupts Its Services

Hackers targeted a section of the computer system at the National Bank of Pakistan (NBP) on Friday and caused disruption in payments for thousands of public sector employees.

In the late hours of the 29th and early morning of the 30th of October, the cyberattack on NBP servers was detected which impacted some of its services. Immediate steps were taken to isolate the affected systems. At this point, no customer or financial data has been compromised. Remediation efforts are underway using industry-leading subject matter experts including international resources wherever required.

NBP President, Arif Usmani, has confirmed the news of the cyberattack. He said the hackers failed to gain access to the NBP’s main servers, though they did take control of some of the computers running Microsoft’s software. The cyberattack was launched on the night between Friday and Saturday, Usmani said.

The cyberattack disrupted NPB services throughout the country, prompting fears that the payment of salaries and pensions to public sector employees would be delayed, reported a national daily.

While currently NBP’s services to its customers are disrupted, the bank is working with the State Bank of Pakistan to address the breach and is confident that essential customer services will be restored by Monday morning.

The attack comes at a time when Pakistan is aggressively looking to adopt the digital mode of payments, with the regulators and authorities pushing for ways to increase documentation of the economy.

Source: Pro Pakistani

12 member committee constituted for talks with TLP: Qadri

Minister for Religious Affairs Pir Noorul Haq Qadri has said that a twelve member committee has been constituted for talks with the government and the leadership of Tehreek-e-Labaik Pakistan

He was talking to the media persons in Islamabad on Saturday after a delegation of religious scholars called on Prime Minister Imran Khan in Islamabad today to discuss the situation arising out of the agitation of Tehreek-e-Labaik Pakistan.

The Minister for Religious Affairs was confident that the situation will improve as a result of these talks. He said the religious scholars have assured of their cooperation for peaceful resolution of the issue.

Source: Radio Pakistan

Information Minister criticizes PML (N) vice President for posting Indian sponsored video about Balochistan

Minister for Information and Broadcasting Chaudhry Fawad Hussain has criticized the Pakistan Muslim League-Nawaz vice President Maryam Nawaz for posting a two years old Indian sponsored video about Balochistan on twitter.

Commenting on the tweet, the Minister said Maryam Nawaz has again posted an anti-state video on her twitter account, which is the part of the sponsored campaign of India launched during cricket World Cup 2019 to malign Pakistan.

Source: Radio Pakistan

Pakistan, Kazakhstan striving to enhance cooperation in diverse sectors: Kazakh Ambassador

Ambassador of Kazakhstan to Pakistan Yerzhan Kistafin says Pakistan and Kazakhstan have been enjoying exemplary diplomatic relations which can extend to new areas of cooperation.

In an exclusive interview with News and Current Affairs Channel of Radio Pakistan, he said both countries have robust political dialogue that also needs to reflect in bilateral trade and commercial ties.

The ambassador said the last session of Pak-Kazakh Inter-Governmental Commission was held in Islamabad in February last year in which it was agreed to establish three working groups on economic cooperation, energy cooperation and cooperation in regional connectivity.

He said we also need to focus on our transport and logistics issues as well as economic cooperation. State agencies of both countries should work together to address issues and challenges in our bilateral economic cooperation.

Yerzhan Kistafin said he has held fruitful meetings with representatives of Pakistani business community including those of FPCCI to explore the potential of increasing bilateral trade.

Referring to situation in Afghanistan, the Kazakh ambassador said Kazakhstan is the biggest landlocked country in the world and we understand the importance of regional connectivity. He said Afghanistan could be the most beneficial country if trade increases between Pakistan and Kazakhstan though it. He said Afghanistan can serve as a regional transit hub between Central and South Asia if peace and stability comes in the country.

Elaborating further, the ambassador said special representative of Kazakhstan visited Kabul recently and held talks with current government in Afghanistan. He said we discussed restoring our trade and economic cooperation with Afghanistan for the mutual benefit of both the countries. He warned that if stability did not come to Afghanistan, it would have wider regional implications.

On trade between Kazakhstan and Pakistan, Yerzhan Kistafin informed that bilateral trade volume stood at 45 million us dollars last year. He said there is a need to establish cooperation between custom services of both Pakistan and Kazakhstan to remove hiccups in trade.

The Kazakh ambassador said apart from Afghanistan there are also other routes for trade between the two countries. He said Karakorum Highway is the shortest route to Central Asia from Pakistan, but due to harsh climate in winter it is impractical to use.

Another option, he said, is the route of Khunjerab Pass through which trade supplies can reach to Western parts of Kazakhstan.

He said Kazakhs consider Pakistan a regional power and bolstering cooperation between the two countries will be helpful for the whole central Asian region.

When asked about the rich hydro carbon reserves of Kazakhstan and possible cooperation with Pakistan in this sector, the Kazakh ambassador said the joint energy group on cooperation is working on it and exploring new ways.

He said investment by Kazakh investors into Pakistan is also being considered. He said Pakistan is a very promising market due to its large population and it is attractive to foreign investors.

Referring to Shanghai Cooperation Organization, he said last month summit of SCO countries was held in Dushanbe in which Kazakh President emphasized on wider regional cooperation. He said cooperation with Pakistan can help us achieve regional connectivity.

Regarding security cooperation between Islamabad and Astana, he said ministries of defense of both countries enjoy strong ties. Cooperation between defense universities of both countries as well as in other areas is also increasing.

Terming terrorism as a challenging threat, the Kazakh ambassador said it is difficult to address the issue alone and needs a collective approach. In that area, SCO can help us a lot in stemming this menace through joint collaboration.

Pointing to increased potential of people to people cooperation between Kazakhstan and Pakistan, he said Prime Minister Imran Khan discussed bilateral agenda and economic cooperation during meeting with Kazakhstan President in Dushanbe. He said our nations have been cooperating for centuries but nowadays there is less information about the culture and lifestyle of the people of both countries. He said we need to enhance awareness about each other.

The Kazakh ambassador said three pillars to this effect are increasing direct ties between universities of both countries, stimulating direct ties between think tanks of the two countries, and enhancing cooperation between mass media of the two countries for exchange of information. Exchange of TV programs can enhance cultural cooperation between the two countries to get to know each other’s traditions, festivals and cultures. He said invitation of artists and troupes can also help connect the two nations.

Yerzhan Kistafin said Kazakhstan and Pakistan are enhancing cooperation in the area of science and technology. He said we have established direct communication between Quaid-e-Azam University, Islamabad and Kazakh British Technical University. They are planning to exchange students and scholars.

Similarly, he said, Pakistan’s National University of Modern Languages and Kazakh National University are working together on different projects relating to exchange of students and learning each other’s language. He said Urdu and Kazakh language have many similar words, as both originated from Turkic language. He said many Pakistani students are already studying in Kazakh medical universities.

The Kazakh ambassador proposed to start direct flights between Pakistan and Kazakhstan to enhance business, academic and cultural cooperation between the two countries.

The weekly program “Diplomatic Session” was hosted by renowned journalist and columnist Javed Siddiq while Producer of the program was Saeed Ahmad and Executive Producer Abdul Raoof Khan.

The weekly program “Diplomatic Session” is being broadcast from News and Current Affairs Channel and FM 101 networks of Radio Pakistan every Saturday at 1815 hrs.

The show is also available on Radio Pakistan’s official website “www.radio.gov.pk”, Social Media Platforms and Radio Pakistan’s Podcast “podcast.radio.gov.pk”

Source: Radio Pakistan

Pakistan Embassy in Brussels holds 10th virtual ‘Khuli Katchery’

The Embassy of Pakistan, Brussels, organized the 10th ‘Khuli Katchery’ in a virtual format with the Pakistani diaspora in Belgium and Luxembourg.

Speaking on the occasion, Ambassador of Pakistan to Belgium, Luxembourg and the European Union Zaheer A Janjua congratulated the Pakistani community on the occasion of Eid Milad-un-Nabi.

Referring to the recent visits of Governor Punjab Chaudhry Muhammad Sarwar, President Azad Jammu and Kashmir, Barrister Sultan Mehmood Chaudhry and Secretary Commerce Muhammad Sualeh Ahmad Faruqui, the Ambassador underscored that continued engagements provided the opportunity to further strengthen cooperation and convey our perspective on important global and regional issues, including GSP Plus and the situation in Afghanistan.

During the visits, the dignitaries met with influential members of the European Parliament across the political spectrum as well as Belgian Parliamentarians to present Pakistan’s point of view. The visits also enabled interaction with the members of Pakistani diaspora and media.

Briefing the participants about efforts to observe the Kashmir Black Day, the Ambassador elaborated various activities undertaken by the Embassy including engagements with important think tanks, influential opinion makers and media influencers to highlight the ongoing human rights violations by the Indian Occupation forces in Indian Illegally Occupied Jammu and Kashmir.

Recalling the success of the Prime Minister’s Citizen Portal, Ambassador Janjua appraised the diaspora about the upcoming launch of the grievance redressal system for Pakistani diaspora by Foreign Minister Shah Mehmood Qureshi on November 1.

He said that the inauguration ceremony of the Foreign Minister’s Portal will be broadcast live on PTV and on the Face Book page of the Embassy.

The monthly interaction with the Pakistani diaspora was organized in accordance with the vision of Prime Minister Imran Khan and in line with Embassy’s efforts to serve the Pakistani diaspora in an efficient and seamless manner.

The virtual interaction was attended by diaspora members from different walks of life. The community members conveyed their complete satisfaction with the services provided by the Embassy.

Source: Radio Pakistan

Updated Points Table After Pakistan Get 3 Out of 3

Pakistan registered their third consecutive victory in the 2021 T20 World Cup by defeating Afghanistan by 5 wickets in Dubai International Cricket Stadium. As a result, Pakistan has maintained their spot at the top of Group 2 in the 2021 T20 World Cup points table.

Afghanistan won the toss and elected to bat first on a slow pitch. Pakistan’s bowlers were right on the money from the spot and choked the Afghanistan batters early on in the innings. Despite losing early wickets, Afghanistan put on an impressive comeback courtesy Mohammad Nabi and Gulbadin Naib. They set Pakistan a target of 148 in their 20 overs.

Pakistan captain Babar Azam scored a professional half-century before Rashid Khan struck back with tight few overs, picking the wickets of Mohammad Hafeez and Babar Azam. Pakistan’s explosive middle-order batter, finished the game with an over to spare, smacking four huge maximums to hand Pakistan their third victory of the tournament.

Earlier in the day, West Indies defeated Bangladesh in a thrilling encounter at Sharjah. West Indies won their first match of the tournament while Bangladesh are on the brink of elimination after suffering three losses on the bounce.

West Indies move to the fifth spot while Bangladesh move to the last spot in Group 1 of T20 World Cup points table.

Source: Pro Pakistani

Mohammad Rizwan Equals MS Dhoni’s Wicket-Keeping Record

Pakistan’s wicket-keeper batter Mohammad Rizwan is widely regarded as one of the finest wicket-keepers in the world currently. Rizwan has been exceptional for Pakistan both with the bat and with the gloves behind the stumps.

While Rizwan has earned the plaudits for his magnificent form with the bat over the past year, his glove-work has gone a bit unnoticed. Rizwan’s outstanding wicket-keeping has been one of the highlights of the culture of fielding change in Pakistan and his fitness levels have set the standards for the future cricketing stars in the country.

Rizwan has 39 dismissals to his name in 2021 and has equaled the record of Indian legend, MS Dhoni for most dismissals in a calendar year. Dhoni set the record in 2016 as he dismissed 39 batters in 35 matches. Rizwan has also registered 39 dismissals in the calendar year although he has played two more matches than Dhoni.

The 29-year old will have a chance to break the record of MS Dhoni as Pakistan are scheduled to play at least two more T20I matches in the calendar year. The upcoming two encounters against Namibia and Scotland have already been scheduled while Pakistan is more than likely to play in the semi-final of the mega-event as well. With two more months left in the year, Rizwan can create an unbeatable record if he does play more T20 matches, including domestic and franchise league matches, in the year.

Source: Pro Pakistani