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Pakistan urges IAEA to take clear position on Israel’s strikes on Iranian nuclear sites

Pakistan urges IAEA to take clear position on Israel’s strikes on Iranian nuclear sites
Pakistan UN Ambassador Asim Iftikhar Ahmad addresses a United Nations Security Council meeting in New York on June 20, 2025. (AP)
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Updated 21 June 2025

Pakistan urges IAEA to take clear position on Israel’s strikes on Iranian nuclear sites

Pakistan urges IAEA to take clear position on Israel’s strikes on Iranian nuclear sites
  • Pakistan’s envoy to the UN urges the Security Council to halt Israel’s military actions
  • He also stresses the IAEA must be allowed to continue its verification work ‘unimpeded’

ISLAMABAD: Pakistan has called on the International Atomic Energy Agency (IAEA) to clearly state its legal position on last week’s Israeli strikes targeting nuclear facilities in Iran while highlighting their grave implications for regional and international security.

The call came during an emergency meeting of the United Nations Security Council on Friday, after Israel launched airstrikes about a week ago that killed several senior Iranian military commanders and nuclear scientists, triggering a direct military confrontation between the two countries.

Israel’s attacks came as Tehran was engaged in negotiations with the United States to reach a nuclear agreement. Iran has repeatedly stated it has no intention of building nuclear weapons but will not surrender its right to a peaceful nuclear program or halt uranium enrichment activities.

Israel, however, contends that Iran is close to developing a bomb. The United States has backed Israel in the conflict and called for Iran’s “complete surrender,” insisting Tehran must not be allowed to obtain a nuclear weapon.

Pakistan, in its remarks to the Council, reiterated its condemnation of Israel’s “unjustified and illegitimate aggression,” describing the attacks on nuclear facilities as “deeply troubling.”

“It is the responsibility of the IAEA to clearly pronounce its legal position with regard to such attacks as well as to report to its Board of Governors and to the Security Council about the legal, safeguards, safety and security implications of such attacks,” Pakistan’s Ambassador to the UN, Asim Iftikhar Ahmad, told the Council.

“The Agency should fulfil that responsibility,” he added.

The Pakistani envoy also denounced Israel’s widening war in the Middle East, including in Gaza, Syria, Lebanon and Yemen. He maintained that Tel Aviv’s attack on Iran had further inflamed an already volatile regional situation.

Ahmad also said the UN Security Council must act decisively to halt Israel’s military actions and prevent the situation from spiraling further.

He urged the Council to categorically reject Israel’s actions, promote de-escalation and support a comprehensive ceasefire.

The Pakistani envoy further called on the Council to denounce the targeting of nuclear facilities safeguarded by the IAEA, pointing out that diplomacy must remain central to resolving the Iran-Israel crisis.

“Dialogue and diplomacy in full adherence to the principles of international law and the UN Charter remain the only viable path to resolving the crisis,” he said. “This Council must unite in support of the Secretary-General’s call to end the fighting and return to dialogue and negotiations.”

Ahmad also stressed that the IAEA must be allowed to continue its verification work “unimpeded,” and should operate in an “impartial and apolitical manner” to ensure credible and objective reporting on matters under its mandate.


Pakistani sauce brand eyes India exports via Gulf to bypass trade barriers

Pakistani sauce brand eyes India exports via Gulf to bypass trade barriers
Updated 7 sec ago

Pakistani sauce brand eyes India exports via Gulf to bypass trade barriers

Pakistani sauce brand eyes India exports via Gulf to bypass trade barriers
  • Pakistan suspended trade with India in 2019 over tensions related to disputed Kashmir territory
  • Dipitt is in talks to acquire tomato manufacturing facility in Jeddah that was shut down in 2023

KARACHI: Pakistan’s ITT Foods, known for its leading sauces and confectionery under the Dipitt brand, is exploring options to bypass trade barriers and export products to India with a manufacturing facility in Jeddah, the company’s chief executive officer (CEO) said recently.

Dipitt eyes $5 billion Indian market as part of its expansion plans, according ITT Foods CEO Syed Zeeshan Haider. The country, where 37 percent population lives in urban centers, offers $4.73 billion sauces and seasonings and $324 million condiments markets to Pakistan’s largest sauces brand.

Pakistan suspended trade with India in Aug. 2019 after New Delhi revoked special autonomy granted to Indian-administered Kashmir. In April this year, Islamabad announced suspending all trade with India, including to and from any third country, following an attack in Indian-administered Kashmir that New Delhi blamed on Islamabad. Pakistan denied involvement.

In an interview with Arab News, Haider said Dipitt, which has an office in Dubai, gets a lot of queries from India whenever it partakes in the Gulfood exhibition, and the Karachi-based food company is in advanced talks to take over a tomato manufacturing facility in Jeddah Industrial Zone 2 that was shut down in 2023 by a Saudi steel company diversifying into food production.

“So, that’s another bigger market [India] out there which I think we should work with,” Haider said. “And then since Dipitt has a base in Dubai, so that’s another thing that we are exploring from there.”

He said ITT Foods was seeking to set up production facilities outside Pakistan to cut logistics costs and serve the markets faster. Through the facility, it could also navigate trade barriers to India.

“For Pakistan, there is another angle that we are unable to export to India,” he said. “So, that also can be covered from that [Gulf region] market.”

Asked if he would rename his brand, Dipitt, if required for entering the Indian market, Haider said “it will depend on our strategy, various factors, and the regulatory environment at that time.”

‘RIGHT FOOTING, NOT HASTE’

ITT Foods is Pakistan’s largest exporter of sauces and seasonings, which it supplies to 32 countries in five continents across the globe. Exports currently make up about 40 percent of its sales. The company also seeks to expand its business into newer markets such as the US, Germany, France, Russia and Mexico.

Haider said partnering with big-name retailers such as Walmart, Albertsons and others in the US and European regions is the “next milestone” that ITT Foods would set out to achieve this year.

“We want to make sure that when we enter, we enter at the right footing, not in haste,” he said. “It will be very soon that you will find us there.”

Currently, about 20 percent of ITT Foods’ exports go to the North American and European markets.

Haider said these markets were home to a large consumer base where the consumption of sauces is “far more over there as compared to this part of the world.”

ITT Foods plans to expand its business network to 50 countries in the next three years, after which it may look to get listed on the Pakistan Stock Exchange (PSXX), Haider said.

“I think 2030 would be the right time for us to go and seek out if we have to do anything outside,” he said.

‘PROBLEM FOR EVERYBODY’

Asked about the challenges, Haider pointed to increasing taxes that his company was facing in Pakistan. He said the recent increase in the tax on sugar has impacted Dipitt products since sugar is one of the major raw materials needed in manufacturing of ketchups.

“Yes, I think we are taking whatever measure we can take to ensure that the consumer gets the product at the same price,” he said. “Till it becomes to an unbearable point where we cannot take any more.”

Cash-strapped Pakistan has been working with the International Monetary Fund (IMF) to increase its revenues by withdrawing subsidies and increasing taxes in recent years. The move has caused inflation to surge, which peaked to 38 percent in May 2023 before gradually cooling down to 3 percent in August.

According to global accounting firm PricewaterhouseCoopers (PwC), the rate of taxes on Pakistani corporations ranges from 20 to 39 percent.

Financial experts, however, warn the recent floods may spike inflation in the coming days.

“Now taxation is becoming... I think that’s a problem for everybody,” Haider said. “It is becoming difficult and difficult day by day.”


Pakistan opts to bat first against Bangladesh at Women’s Cricket World Cup

Pakistan opts to bat first against Bangladesh at Women’s Cricket World Cup
Updated 02 October 2025

Pakistan opts to bat first against Bangladesh at Women’s Cricket World Cup

Pakistan opts to bat first against Bangladesh at Women’s Cricket World Cup
  • Both teams progressed to World Cup out of qualifying round
  • Pakistan will play all seven of its group games in Colombo

COLOMBO: Pakistan won the toss and elected to bat first against Bangladesh in the Women’s Cricket World Cup on Thursday.

Both teams progressed to the World Cup out of the qualifying round in Lahore this year. Bangladesh edged past West Indies on net run-rate.

Bangladesh hasn’t played any ODIs since the qualifying round in April. Skipper Nigar Sultana also wanted to bat first.

Pakistan captain Fatima Sana will be playing her 50th ODI.

Pakistan will play all seven of its group games in Colombo. A semifinal and the final will also take place in the Sri Lanka capital if Pakistan make it that far.

LINEUPS

Bangladesh: Farqana Hoque, Rubya Haider, Sharmin Akhter, Nigar Sultana (captain), Sobhana Mostary, Shorna Akter, Fahima Khatun, Nahida Akter, Rabeya Khan, Marufa Akter, Nishita Akter

Pakistan: Muneeba Ali, Omaima Sohail, Sidra Amin, Aliya Riaz, Natalia Pervaiz, Fatima Sana (captain), Sidra Nawaz, Rameen Shamim, Nashra Sandhu, Diana Baig, Sadia Iqbal


Pakistan, Tajikistan pledge early operationalization of CASA-1000 power line project

Pakistan, Tajikistan pledge early operationalization of CASA-1000 power line project
Updated 02 October 2025

Pakistan, Tajikistan pledge early operationalization of CASA-1000 power line project

Pakistan, Tajikistan pledge early operationalization of CASA-1000 power line project
  • CASA-1000 aims to allow Tajikistan, Kyrgyzstan to sell excess energy to Pakistan and Afghanistan in the summer months
  • The project, initially meant to allow the export of electricity by 2020, has been stalled for years by turmoil in Afghanistan

ISLAMABAD: Pakistan and Tajikistan have pledged early operationalization of a $1.2 billion Western-backed project to build a power line between Central Asia and South Asia, the Pakistani foreign office said on Thursday, after wide-ranging talks between both sides on trade, investment, defense and security issues.

The statement came after the 6th session of Bilateral Political Consultations (BPC) between Pakistan and Tajikistan in Dushanbe on September 29–30. The Pakistani delegation was led by Additional Foreign Secretary for West Asia and Afghanistan Syed Ali Asad Gillani, while the Tajik side was headed by Deputy Minister for Foreign Affairs, Farrukh Sharifzoda.

The CASA-1000 project, launched in 2016, aims to allow Tajikistan and Kyrgyzstan, former Soviet republics with an extensive network of hydroelectric power plants, to sell excess energy to Pakistan and Afghanistan in the summer months. The project, initially meant to allow the export of electricity to Afghanistan and Pakistan by 2020, has been stalled for years by turmoil in Afghanistan.

“Both sides explored avenues to enhance trade, particularly through increased collaboration in textiles, logistics, agriculture and food, and pharmaceuticals,” the Pakistani foreign office said. “They underscored the significance of regional transport corridors and reaffirmed their commitment to the early operationalization of CASA-1000, aimed at strengthening regional integration and energy security.”

Tajikistan and Kyrgyzstan generate most of their energy from hydropower plants built on the rivers that flow into Kazakhstan, Turkmenistan and Uzbekistan. Tajikistan and Kyrgyzstan limit water release during summer due to lower power demand, angering their neighbors who need water for irrigation. The five countries have failed to reach an agreement after decades of negotiations.

The new power line could smooth flows as power demand in Pakistan peaks during the summer months.

In Feb. 2024, the World Bank, a key CASA-1000 backer, approved resumption of the clean energy project after it was stalled in 2022 due to turmoil in Afghanistan, with the Bank focusing on urgently needed education, agriculture and health programs.

It said construction of the project in the other three countries was nearly complete and these countries had requested that CASA-1000 activities in Afghanistan resume to avoid the risk of the project becoming a stranded asset.

Tajikistan aims to completely switch to green energy and zero emission by 2027.

“The transmission capacity of the CASA-1000 energy project will be 1,300 megawatts, which will be an energy link between Tajikistan, Pakistan, and Afghanistan to provide clean energy not only to regional countries but also fill the need of Pakistan’s industrial sector,” Tajikistan’s Deputy Minister for Energy Jamshed Shoimzoda said in June this year.

“Massive infrastructural projects will be beneficial for all of its stakeholders by fulfilling energy needs and strengthening regional connectivity.”

The United States was initially involved in financing the 1,200-km-long line as part of its New Silk Road initiative to integrate Afghanistan with Central Asia. Other project sponsors have included the World Bank, Islamic Development Bank, the UK Department for International Development, and the European Bank for Reconstruction and Development.


P&G to wind down manufacturing, commercial activities in Pakistan

P&G to wind down manufacturing, commercial activities in Pakistan
Updated 02 October 2025

P&G to wind down manufacturing, commercial activities in Pakistan

P&G to wind down manufacturing, commercial activities in Pakistan
  • The firm entered the Pakistani market in 1991 and grew into one of the country’s top consumer goods providers
  • P&G says employees, whose roles are impacted, will be considered for opportunities in operations outside Pakistan

ISLAMABAD: P&G will wind down manufacturing and commercial activities in Pakistan as it transitions to a distributor model in the South Asian country, the American multinational firm said on Thursday.

The move, in line with P&G’s global efforts to accelerate growth and value creation, will see the company shift its business and operating model in Pakistan, according to a P&G statement.

The Ohio-based consumer goods corporation will cut down manufacturing of P&G Pakistan and Gillette Pakistan Ltd. and serve consumers from our “other operations in the region.”

“We will continue to operate the business in the ordinary course until the process is complete, which may take several months,” P&G said in a statement.

“Supporting this Company decision, P&G Pakistan and the supporting regional teams will begin transition planning immediately, with a focus first on P&G people.”

In June, P&G had announced that it would trim its portfolio and cut up to 7,000 jobs over the next two years as part of an overhaul. The firm also lowered its guidance to reflect the impact of trade tariffs and worsening consumption trends, according to Bloomberg.

The decision also makes P&G the latest multinational to scale back from Pakistan, amid wider business and economic challenges including profit-repatriation curbs and weak demand.

The firm entered the Pakistani market in 1991 and grew into one of the country’s top consumer goods providers.

It said that P&G employees, whose roles are impacted by this decision, will be considered for opportunities in other P&G operations outside Pakistan or will be offered separation packages in accordance with local laws, company policies, and our values and principles.

“After consideration of a broad range of options, the Company has decided a third-party distribution model is the most prudent way to continue to serve consumers in Pakistan at this time,” it added.

Separately, Gillette Pakistan said on Thursday it would evaluate a potential delisting following a decision by its parent Procter & Gamble to discontinue its business in Pakistan as part of the consumer product group’s global restructuring program, Reuters reported.

Gillette Pakistan plans to convene a board meeting shortly to evaluate the actions required for this business discontinuation, including the potential de-listing from the Pakistan Stock Exchange, the company said in a filing. 


Pakistan expects remittances to hit $43 billion, plans first Panda bond this year — finance minister

Pakistan expects remittances to hit $43 billion, plans first Panda bond this year — finance minister
Updated 17 min 33 sec ago

Pakistan expects remittances to hit $43 billion, plans first Panda bond this year — finance minister

Pakistan expects remittances to hit $43 billion, plans first Panda bond this year — finance minister
  • The development comes as Pakistan navigates a tricky path to economic stability under a $7 billion IMF program since averting a default in 2023
  • Finance Minister Muhammad Aurangzeb mentions climate change and population growth as real threats to the $411 billion South Asian economy

ISLAMABAD: Pakistan expects its remittance inflows to rise to $43 billion this fiscal year as it plans to launch the first Panda bond, the country’s finance minister Muhammad Aurangzeb said on Thursday, amid improving macroeconomic indicators.

The development comes as Pakistan navigates a tricky path to economic stability under a $7 billion International Monetary Fund (IMF) program since averting a default in 2023.

Last year, the country’s remittance inflows increased to $38 billion in 2024, compared to $27 billion in 2023, amid efforts to formalize over $400 billion economy by curbing currency smuggling and widening tax base.

“We expect in this fiscal year the remittances to go up to about anywhere between $41-43 billion and that’s a direct function of this macroeconomic stability and a stable currency rate,” Aurangzeb said at a business summit in Peshawar.

The minister shared that Islamabad made a $500 million repayment for Euro bond, while the country is “well positioned” for its next payment of $1.3 billion in April.

“So now we have to go back into the international capital markets, and so God willing, before the year [2025] is out, we expect we’ll have the inaugural Panda bond issued,” he said.

A panda bond is a Chinese yuan-denominated debt instrument issued in China’s onshore bond market by foreign governments, multilateral institutions or companies. It allows overseas borrowers to access China’s vast pool of investors while diversifying funding sources.

“All these positive outcomes of economic stability, this is how it translates into getting the economy moving forward,” Aurangzeb said.

FLOOD RISKS

While he described the country’s economy to be “very resilient,” he mentioned climate change and population growth as threats to the $411 billion economy, which the World Bank says can be around $3 trillion by 2047 given its true potential is realized.

“If [we] are to realize that potential, then we have two existential issues: one [is] dealing with climate change and the other is population,” he said. “Unless we negotiate these challenges, we are not going to get there.”

Aurangzeb’s comments follow deadly floods in Pakistan that have killed 1,006 people since late June and affected millions of others, with the government assessing damages. The latest disaster struck only three years after deluges killed over 1,700 Pakistanis, affected another 33 million and caused around 30 billion in economic losses.

“Climate change is not something which is academic. It is not only adaptation. We are living it day in and day out,” he said.

“So right now, we do not have this room for an economic recovery first that we fix our economic woes and then we start addressing these issues. These have real implications for our people, for livelihoods, for our economy as we go forward.”

Sensing this urgency, the minister said, the government plans to kick in a 300-day plan to mitigate the climate crisis.

“That’s where we are working as whole of the government. We are going to help support assessments to climate change any way we can,” he said.

Similarly, Aurangzeb said, Pakistan’s annual population growth of 2.5 percent leads to issues such as poverty, malnutrition and out-of-school children.

“We are very focused on what we have to do in short to medium terms... we have to get, in terms of a direction for the country, to also negotiate these two existential issues as we go forward,” he added.