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Pakistan, China, Bangladesh agree to enhance cooperation in trade, investment and maritime affairs

Pakistan, China, Bangladesh agree to enhance cooperation in trade, investment and maritime affairs
Chinese Vice Foreign Minister Sun Weidong (center), Bangladeshi Acting Foreign Secretary Ruhul Alam Siddique (left) and Pakistani Additional Secretary (Asia Pacific) Imran Ahmed Siddiqui pose for a picture at the inaugural meeting of Bangladesh-China-Pakistan trilateral mechanism held in Kunming, China, on June 19, 2025. (@ForeignOfficePk/X)
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Updated 20 June 2025

Pakistan, China, Bangladesh agree to enhance cooperation in trade, investment and maritime affairs

Pakistan, China, Bangladesh agree to enhance cooperation in trade, investment and maritime affairs
  • Pakistan and Bangladesh are both part of China’s multi-billion, ambitious Belt and Road Initiative project
  • All three sides hold trilateral vice foreign minister/foreign secretary meeting in Kunming, Yunnan on Thursday

ISLAMABAD: Senior officials of Pakistan, Bangladesh and China on Friday vowed to enhance trilateral cooperation in various sectors such as trade, investment, health, education, maritime affairs and others, the Chinese foreign ministry said. 

Pakistan and Bangladesh are both part of China’s ambitious Belt and Road Initiative (BRI) which aims to connect Asia, Africa and Europe. China envisions the BRI to be a global network of roads, railways, ports, energy pipelines and trade corridors that strengthens Beijing’s trade ties with other regions for the benefit of its economy. 

Pakistan and China are historic allies while strained ties between Islamabad and Dhaka have started to improve since the ouster of former Bangladesh PM Sheikh Hasina last year. The China-Pakistan-Bangladesh Trilateral Vice Foreign Minister/Foreign Secretary meeting was held in Kunming, Yunnan on Thursday, to discuss cooperation in various sectors between the three countries. 

The meeting was attended by Chinese Vice Foreign Minister Sun Weidong, Bangladeshi Acting Foreign Secretary Ruhul Alam Siddique and Pakistani Additional Secretary (Asia Pacific) Imran Ahmed Siddiqui. Pakistan’s Foreign Secretary Amna Baloch participated in the first phase of the meeting via video link.

“The three sides agreed to explore and implement cooperation projects in such areas as industry, trade, maritime affairs, water resources, climate change, agriculture, human resources, think tanks, health, education, culture, and youth,” the Chinese foreign ministry said. 

The statement said Pakistan, Bangladesh and China will establish a working group to follow up and implement the understandings reached during the meeting on Thursday. The three sides emphasized that China-Bangladesh-Pakistan cooperation adheres to true multilateralism and open regionalism, not directed at any third party, it added. 

Pakistan’s foreign office said Baloch conveyed Islamabad’s readiness to work with China and Bangladesh to enhance ties in trade and investment, agriculture, digital economy, environment protection, marine sciences, green infrastructure, culture, education and people-to-people exchanges. 

“The three sides agreed that trilateral cooperation would be guided by the principles of openness, inclusivity, good neighborliness, mutual respect and trust, while working toward win-win cooperation,” Pakistan’s foreign office said. 

Pakistan has recently eyed closer cooperation in trade and investment with regional allies as it grapples with a macroeconomic crisis that has drained its financial resources, significantly weakened its currency and triggered a balance of payments crisis for the South Asian country.

Prime Minister Shehbaz Sharif has repeatedly spoken about his government’s intention to enter “mutually beneficial” partnerships with allies as opposed to seeking loans from them.

In recent months Pakistan has signed memoranda of understanding with allies such as Ƶ, China, United Arab Emirates, Azerbaijan, Turkiye and others worth billions of dollars.


PM directs ministers to oversee relief efforts as Pakistan rain death toll crosses 800

PM directs ministers to oversee relief efforts as Pakistan rain death toll crosses 800
Updated 27 August 2025

PM directs ministers to oversee relief efforts as Pakistan rain death toll crosses 800

PM directs ministers to oversee relief efforts as Pakistan rain death toll crosses 800
  • Pakistani authorities have evacuated over 190,000 people from floodplains near River Sutlej amid fears of flood
  • Pakistan’s disaster management authority has warned of heavy rains in upper, central parts during next 48 hours

ISLAMABAD: Prime Minister Shehbaz Sharif this week directed federal ministers to personally oversee relief efforts in the eastern Punjab province, his office said in a statement as the death toll from deadly monsoon rains and floods surpassed 800. 

Heavy rains have lashed several parts of Pakistan since Aug. 15, killing 489 people and injuring 348. The northwestern Khyber Pakhtunkhwa (KP) province has reported the highest casualties, 408, followed by Sindh with 29 deaths, northern Gilgit Baltistan (GB) with 26, Azad Jammu and Kashmir with 21, Balochistan four and Punjab reported one death as per official figures. 

Since Jun. 26, monsoon rains have killed 802 people in Pakistan and injured 1,088. KP has reported 479 deaths, Punjab 165, Sindh 57, GB 45, Azad Kashmir and Balochistan 24 while Islamabad has reported eight casualties. 

However, heavy rains have increased water levels in Pakistan’s Sutlej, Chenab and Ravi rivers, prompting authorities to evacuate from flood-prone areas. Pakistan’s National Disaster Management Authority (NDMA) chairman said on Tuesday that around 190,000 people have been evacuated from the floodplain areas near River Sutlej.

“The prime minister directed federal ministers to immediately visit the flood-affected areas of Punjab and personally oversee the relief efforts,” a statement from the Prime Minister’s Office (PMO) said on Tuesday. 

“He instructed them to visit their respective constituencies, be present on the ground, and personally supervise evacuation, rescue, and relief operations.”

Sharif instructed the NDMA chairman to remain in contact and cooperate with the Provincial Disaster Management Authority (PDMA) in Punjab, the statement said.

Sharif also directed the NDMA chairman to ensure that timely alerts are issued to people in vulnerable areas, and that residents in danger zones are immediately moved to safer locations.

“The prime minister also stressed that the process of relocating residents living along riverbanks to safer places must be made more efficient and swifter,” Sharif’s office said. 

The NDMA warned in a televised briefing on Tuesday that Punjab and Azad Kashmir are expected to receive heavy rains in the next two to three days, which could exacerbate the flooding situation in the areas. 

UN RELEASES $600,000 FOR PAKISTAN

Apart from rescue efforts, the devastation has also prompted Pakistani authorities to release funds for the GB region. Pakistan’s top economic decision-making body approved Rs3 billion ($10.8 million) in emergency funds for flood-affected families in GB. 

UN Secretary-General’s spokesperson told reporters on Monday that the global body has released $600,000 for Pakistan’s flood relief activities over the weekend. 

Officials say the ongoing monsoon spell is expected to last until at least Sept. 10, while the NDMA has warned the rains could rival the scale of the catastrophic floods of 2022, which killed more than 1,700 people and caused over $30 billion in damage.

Annual monsoon rains are crucial for Pakistan’s agriculture and water supply but in recent years have also unleashed devastation, intensified by shifting climate patterns.

Despite contributing less than 1 percent of global greenhouse gas emissions, Pakistan ranks among the countries most vulnerable to climate change. In recent years it has endured increasingly erratic weather, including droughts, heatwaves and record-breaking rains that have caused widespread loss of life and damage to property.


UN releases $600,000 for flood-hit Pakistan as monsoon deaths cross 800

UN releases $600,000 for flood-hit Pakistan as monsoon deaths cross 800
Updated 26 August 2025

UN releases $600,000 for flood-hit Pakistan as monsoon deaths cross 800

UN releases $600,000 for flood-hit Pakistan as monsoon deaths cross 800
  • Around 174,074 people evacuated from flood-prone areas near Sutlej River, says PM’s Office
  • Pakistan’s northwestern Khyber Pakhtunkhwa has reported 408 deaths, 258 injuries since Aug. 15

ISLAMABAD: The United Nations has released $600,000 in emergency relief funds for Pakistan, the UN secretary-general’s spokesperson confirmed this week, as the death toll from deadly monsoon rains and floods across the country crossed 800. 

Monsoon rains have wreaked havoc across Pakistan, damaging crops, killing livestock and destroying thousands of houses in the country. Pakistan’s National Disaster Management Authority (NDMA) has reported 802 deaths from monsoon rains and floods since Jun. 26 and 1,088 injuries. 

Rain continues to batter several parts of the country, especially its eastern, most populous Punjab province, where rising water levels in the Sutlej and Ravi rivers have prompted authorities to evacuate over 170,000 people from vulnerable areas. 

“The [Pakistani] authorities are leading the response, with support from the United Nations and local partners,” Stéphane Dujarric, the UN secretary-general’s spokesperson, told reporters during a media briefing on Monday. 

“Over the weekend, Tom Fletcher, our Emergency Relief Coordinator, released $600,000 from the regional pooled fund to support the ongoing efforts.”

Unusually heavy rains since Aug. 15 have killed 489 people and left 348 injured. Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province has reported the highest deaths since mid-August, 408 and 258 injuries according to figures shared by the NDMA. 

Dujarric said that according to the UN’s Office for the Coordination of Humanitarian Affairs, Pakistanis affected by the flooding need shelter supplies, medical assistance, cash, hygiene kits, clean drinking water and education. 

Pakistan’s top economic decision-making body earlier on Tuesday approved the release of Rs3 billion ($10.8 million) in emergency funds for flood-affected families in the northern Gilgit-Baltistan region. 

EVACUATIONS, RISING WATER LEVELS

Separately, the NDMA issued an advance alert to the provincial disaster agency in Punjab, the PDMA, regarding rising water levels in the Sutlej River and potential floods. The alert prompted large-scale evacuation operations in areas near the Sutlej River.

Prime Minister Shehbaz Sharif chaired a meeting to review the flood situation and relief operations across the country, his office said. 

Sharif directed that rescue operations in the flood-hit districts of Punjab, affected by the overflowing Sutlej river, be further accelerated, the Prime Minister’s Office (PMO) said. 

Officials informed Sharif that residents of vulnerable areas near the Sutlej River have been relocated, and that no loss of life has been reported so far.

“Rescue operations are continuing in flood-affected districts near Sutlej River and so far, 174,074 people have been safely evacuated,” the PMO said. 

The prime minister was informed that work to restore power in KP’s flood-affected areas was underway, while in Gilgit-Baltistan, a two-kilometer stretch of the National Highway remains submerged. 

“The meeting was informed that in the next 12 to 24 hours that heavy rainfall is expected in Lahore, Gujranwala, Gujrat and Rawalpindi divisions as well as in the districts of Azad Jammu and Kashmir, and parts of Gilgit Baltistan,” Sharif’s office said. 

Officials say the ongoing monsoon spell is expected to last until at least Sept. 10, while the NDMA has warned the rains could rival the scale of the catastrophic floods of 2022, which killed more than 1,700 people and caused over $30 billion in damage.

Annual monsoon rains are crucial for Pakistan’s agriculture and water supply but in recent years have also unleashed devastation, intensified by shifting climate patterns.

Despite contributing less than 1 percent of global greenhouse gas emissions, Pakistan ranks among the countries most vulnerable to climate change. In recent years it has endured increasingly erratic weather, including droughts, heatwaves and record-breaking rains that have caused widespread loss of life and damage to property.

Experts warn that without urgent adaptation and mitigation measures, the human and economic toll of climate change in Pakistan will only deepen in the years ahead.


International association Andersen Global expands presence in Pakistan with ‘Bridge Factor’

International association Andersen Global expands presence in Pakistan with ‘Bridge Factor’
Updated 26 August 2025

International association Andersen Global expands presence in Pakistan with ‘Bridge Factor’

International association Andersen Global expands presence in Pakistan with ‘Bridge Factor’
  • Anderson Global is an international association of firms featuring tax, legal, and valuation professionals
  • Bridge Factor firm’s expertise spans power, sustainable energy, banking, finance and infrastructure sectors

SAN FRANCISCO: Andersen Global has added transaction advisory capabilities in Central Asia through a collaboration agreement with Bridge Factor, headquartered in Pakistan.

Bridge Factor is a financial advisory firm specializing in capital raising, mergers and acquisitions, project finance, restructuring, and valuation. Operating for more than two decades, the firm’s sector expertise spans power and sustainable energy, banking and finance, infrastructure, telecom, transportation, and manufacturing, serving a client base of investors, multinationals, and government entities across Pakistan, the Middle East, Europe, and Asia.

“We work with purpose and precision to deliver clear, actionable results in complex financial environments,” said Akbar Bilgrami, CEO of Bridge Factor. 

“Our team has built a reputation for excellence by guiding clients through some of the most challenging and transformative financial transactions. Our collaboration with Andersen Global marks a significant milestone in our journey, expanding our reach and enhancing our ability to support clients navigating high stakes.”

“Expanding our transactional capabilities is a priority as we continue to build a seamless, integrated platform that delivers best-in-class advisory services to clients worldwide,” said Mark L. Vorsatz, global chairman and CEO of Andersen.

 “Bridge Factor brings the deep experience, discipline, and market relationships essential to navigating the complex financial landscapes of the region. Their exceptional track record in executing high-value corporate finance engagements, combined with their sectoral expertise, enhances our ability to deliver strategic solutions to clients.”

Andersen Global is an international association of legally separate, independent member firms comprised of tax, legal, and valuation professionals around the world. 

Established in 2013 by US member firm Andersen Tax LLC, Andersen Global now has more than 20,000 professionals worldwide and a presence in over 500 locations through its member firms and collaborating firms.


China gives $6 million grant to rebuild flood-hit homes in southwest Pakistan

China gives $6 million grant to rebuild flood-hit homes in southwest Pakistan
Updated 26 August 2025

China gives $6 million grant to rebuild flood-hit homes in southwest Pakistan

China gives $6 million grant to rebuild flood-hit homes in southwest Pakistan
  • Thirty houses have been completely destroyed and 145 partially damaged in Balochistan
  • China and Pakistan have been working on multibillion-dollar CPEC projects in the province

ISLAMABAD: Pakistan has received a $6 million grant from China for the reconstruction of houses destroyed by floods in the southwestern province of Balochistan, state media said on Tuesday.

The ongoing spell of monsoon rains has killed 802 people and injured 1,088 across the country, with 24 fatalities in Balochistan since June 26.

Thirty houses have been completely destroyed and 145 partially damaged during the ongoing monsoon season in the province, according to the National Disaster Management Authority (NDMA).

“The monthly foreign economic assistance report released by the Economic Affairs Division for July 2025 reveals that the grant of $6 million from China has been disbursed,” the Associated Press of Pakistan (APP) news agency reported.

The Chinese aid will help displaced families by providing them with durable housing solutions. It is part of China’s broader development assistance to Pakistan which also includes funding for infrastructure, energy and scientific research.

The APP also quoted Khurram Shehzad, the adviser to Pakistan’s finance minister, as saying China’s support underscored its commitment to strengthening infrastructure and housing in Pakistan’s most vulnerable areas.

China has previously aided Pakistan following floods with grants, relief supplies and reconstruction support.

The two countries are close allies and have been jointly working on multibillion-dollar energy and infrastructure development projects under the China-Pakistan Economic Corridor (CPEC).


PM Sharif lauds police, CTD for killing nine militants in northwestern Pakistan

PM Sharif lauds police, CTD for killing nine militants in northwestern Pakistan
Updated 26 August 2025

PM Sharif lauds police, CTD for killing nine militants in northwestern Pakistan

PM Sharif lauds police, CTD for killing nine militants in northwestern Pakistan
  • Pakistan police, CTD officials killed nine militants in northwestern Dir district, says PMO
  • Pakistan says militant groups based in Afghanistan carry out attacks against its country

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday lauded police and the counterterrorism department (CTD) in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province for killing nine militants during a counterterror operation, Sharif’s office said in a statement.

As per the Prime Minister’s Office (PMO), police and CTD officials in the northwestern Lower Dir district killed nine militants belonging to the Pakistani Taliban or the Tehreek-e-Taliban.

The TTP has claimed responsibility for some of the deadliest attacks in northwestern Pakistan in recent years. Their attacks have increased since November 2022, when a fragile truce between the state and the militants broke down.

“CTD and police officers and personnel are working day and night to protect our beloved homeland from the evil intentions of the Khawarij,” Sharif was quoted as saying by his office.

Pakistan’s government and military frequently use the term “khawarij” to describe TTP militants.

“The entire nation, including myself, is proud of our brave officers and personnel,” Sharif added.

Local media quoted SSP Upper Dir Syed Muhammad Bilal as saying that two civilians lost their lives while 10 police, CTD personnel sustained injuries during the operation.

Sharif expressed sorrow over the loss of civilian lives in the operation and prayed for patience and strength for the families of the victims.

“He also prayed for the speedy recovery of the personnel injured in the operation and directed that they be provided with the best possible medical care,” the PMO said.

Pakistan has frequently blamed Afghanistan for not taking action against the TTP and other militant groups it alleges operate from the country.

Kabul has denied the allegations and urged Pakistan to solve its security challenges itself. Pakistan’s accusations have strained its ties with Afghanistan in recent months.

Surging militant attacks in recent years have become a headache for Islamabad. Pakistan was recognized as the world’s second-most affected country by militant violence in 2024, with deaths rising 45 percent to 1,081, according to the Global Terrorism Index 2025.