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Pakistan’s PM lands in Beijing to discuss economy, debt
Pakistan’s Prime Minister Shehbaz Sharif arrived in Beijing on Tuesday to meet Chinese leaders and discuss plans for the China Pakistan Economic Corridor (CPEC), a $65 billion investment in the South Asian nation.
The major investment in development and energy projects in Pakistan is part of President Xi Jinping’s Belt and Road Initiative (BRI) to improve China’s road, rail and sea routes with the rest of the world, Reuters reported.
Islamabad and Beijing are considered longtime close allies, and Sharif is also expected to discuss security issues while on his visit.
On his two-day maiden visit to Beijing since taking office in April, Sharif will also seek some debt relief from China, in particular the rolling over of bilateral debt, an aide travelling with the prime minister told Reuters.
Chinese loans – around $23 billion – make up the largest chunk of Pakistan’s $27 billion of bilateral debt.
Sharif will be one of the first leaders to meet Xi since he secured a third term in power.
Pakistan had been struggling with a balance of payments crisis even before devastating floods hit the country over the summer, causing it an estimated $30 billion or more in losses.
“My discussions with the Chinese leadership will focus on revitalization of CPEC among many other things,” Sharif said in a statement adding that he will be meeting Xi and other Chinese executives while there.
Sharif’s government alleges that the CPEC project was slowed down during the tenure of ousted former premier Imran Khan, a charge the latter denies.
Sharif’s delegation among others includes the finance and energy ministers.
Pakistan has indicated previously that it will seek bilateral debt relief to lessen its balance of payment problems, but it hasn’t made any official announcement on whether it will formally ask Beijing for such help.
Pakistan’s central bank reserves have fallen to as low as $7.4 billion, barely enough for one and a half months of imports.
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Ministries of Public Health and Higher Education sign cooperation agreement
The Ministry of Public Health announced on Tuesday it has signed a cooperation agreement with the Ministry of Higher Education aimed at expanding scientific, research, educational, and technical cooperation.
At the signing ceremony held in Kabul, Noor Jalal Jalali, Minister of Public Health, said that the agreement would lead to significant improvements in the capacity-building of students and doctors, ensure that research is conducted based on evidence, and enable the collection of accurate data.
Meanwhile, Neda Mohammad Nadeem, Minister of Higher Education, described the agreement as beneficial to the public and to both institutions, stressing the need to train individuals at universities who can contribute to social development and make the country self-sufficient in the public health sector.
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UNAMA holds new round of Working Group meetings on counter-narcotics and private sector
The United Nations Assistance Mission in Afghanistan (UNAMA) has convened a new round of Doha Process Working Group meetings focusing on counter-narcotics and private sector development.
The meetings, held in Kabul on February 3 and 9, brought together representatives of UN member states and international organizations, officials of the Islamic Emirate, and subject-matter experts.
According to UNAMA, discussions in the counter-narcotics working group centered on efforts by Islamic Emirate authorities and the international community to support alternative livelihoods for Afghans previously dependent on poppy cultivation and the illicit opium trade. Participants also reviewed drug-use prevention and treatment initiatives, as well as law-enforcement measures to curb narcotics production and trafficking.
The private sector working group focused on job creation and entrepreneurship, with particular attention to women’s participation in the private sector, market integration, access to finance, and the development of private banking and financial infrastructure.
UNAMA said both working groups identified priority areas for enhanced engagement and explored more effective and sustainable approaches to supporting Afghan men and women. Participants also examined the linkages between the two areas, noting that private sector development is a key source of livelihoods, while counter-narcotics efforts contribute to Afghanistan’s economic and social stability.
The working groups were established following the third Meeting of Special Envoys held in Doha, Qatar, in June and July 2024, in line with recommendations of the Independent Assessment endorsed by the UN Security Council. The process aims to promote more coherent, coordinated, and structured engagement with Afghanistan’s de facto authorities for the benefit of the Afghan people.
UNAMA added that stakeholders engage in the working groups on an ongoing basis, with full-format meetings convened periodically. Since their establishment, the groups have improved information-sharing, helped mobilize additional resources, and facilitated expert exchanges to strengthen support for the Afghan people.
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Economic Commission approves national policy for development of agriculture
At a regular meeting of the Economic Commission chaired by Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, the National Policy for the Development of the Agriculture and Livestock Sector was approved.
According to a statement from the deputy PM’s office, the key objectives of the policy include the mechanization of the agriculture and livestock sector; development of agricultural, irrigation, and livestock research and extension systems; management of irrigation systems; support for investment in these sectors; and ensuring public access to high-quality agricultural and animal products.
During the same meeting, the development plan for the fish farming sector was also approved.
Under this plan, through private sector investment, 7,700 small, medium, and large fish production and farming facilities will be established on 6,500 hectares of land in various parts of the country.
The statement added that the implementation of this plan will create direct employment opportunities for 50,000 people and indirect employment for 250,000 others.
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