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UK trade envoy visits Pakistan to promote investment, long-term economic cooperation

UK trade envoy visits Pakistan to promote investment, long-term economic cooperation
UK Trade Envoy to Pakistan, Mohammad Yasin MP, visits The Pakistan Business Council in Karachi, Pakistan, on June 23, 2025. (UK Government)
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UK trade envoy visits Pakistan to promote investment, long-term economic cooperation

UK trade envoy visits Pakistan to promote investment, long-term economic cooperation
  • British envoy Mohammad Yasin begins three-day visit to Karachi, Islamabad, to “unlock new opportunities”
  • Yasin’s visit to pave the way for UK-Pakistan Trade Dialogue later this year, says British High Commission

ISLAMABAD: The United Kingdom’s Trade Envoy to Pakistan Mohammad Yasin has begun a three-day trip to Karachi and Islamabad cities to encourage investment and long-term economic cooperation between the two countries, the British High Commission said this week. 

Pakistan and the UK enjoy robust economic ties, with the UK being Islamabad’s largest export destination in Europe and third largest export destination globally. The UK has invested heavily in Pakistan’s financial services, oil & gas exploration, petroleum refining, electricity generation, pharmaceutical, publishing, industrial chemicals and cement sectors.

In a statement shared by the British High Commission, Yasin said that though the two nations enjoy close commercial ties, there is “much more we can achieve together.”

“It is a place close to my heart, and I have seen over many years the enormous potential to help both our countries prosper,” Yasin was quoted as saying on Monday. “During my visit, I look forward to supporting efforts that unlock new opportunities and drive growth.”

The commission said Yasin is expected to meet senior Pakistan government stakeholders including Commerce Secretary Jawad Paul, Federal Minister for Overseas Pakistanis Chaudhry Salik Hussain, and business leaders “to strengthen trade and encourage investment.”

“Mr. Yasin’s visit will help pave the way for the UK-Pakistan Trade Dialogue, due to launch later this year,” the commission said. “The Dialogue will offer a platform to grow exports, increase investment flows, address business environment concerns and identify opportunities for greater market access.”

The British High Commission noted that over 200 UK companies are operating in Pakistan, with the top five contributing around one percent of Pakistan’s GDP.

The visit takes place amid Pakistan’s push in recent months to forge stronger trade and investment relations with regional allies and friendly countries. The South Asian country is navigating a tricky path to economic recovery from a prolonged crisis that has drained its foreign exchange reserves and weakened its balance of payments position over the past three years.

Apart from the close ties the two countries enjoy, the UK is also home to a large Pakistani diaspora and a preferred destination for thousands of Pakistani students to pursue higher education opportunities. 


Pakistan condemns Syria church suicide bombing as death toll surges to 25

Pakistan condemns Syria church suicide bombing as death toll surges to 25
Updated 1 min 21 sec ago

Pakistan condemns Syria church suicide bombing as death toll surges to 25

Pakistan condemns Syria church suicide bombing as death toll surges to 25
  • Suicide bomber targeted packed Mar Elias Church on outskirts of Damascus on Sunday
  • Pakistan reaffirms support for efforts aimed at achieving lasting peace, stability in Syria

ISLAMABAD: Pakistan’s foreign office this week condemned a suicide attack targeting a church in Syria that killed 25 people, reaffirming its support for efforts aimed at achieving lasting peace in the country. 

Syrian state media reported that a suicide bomber carried out an attack inside the packed Mar Elias Church in Dweil’a on the outskirts of Damascus on Sunday. While no group immediately claimed responsibility for the attack, the Syrian Interior Ministry said a fighter from the Daesh group entered the church and fired at the people there before detonating himself with an explosives vest.

“Pakistan strongly condemns the heinous suicide bombing at the Mar Elias Church in the Dweila neighborhood of Damascus, Syria, on 22 June 2025, which resulted in the loss of precious lives and left many injured,” Pakistan’s foreign ministry said in a press release on Monday. 

Islamabad expressed its heartfelt condolences to the families of the victims and prayed for the speedy recovery of the injured.

“Pakistan stands in full solidarity with the brotherly people of Syria in this hour of grief, and reaffirms its strong support for efforts aimed at achieving lasting peace and stability in the country,” the foreign ministry added. 

The church suicide blast was the first of its kind in Syria in years, and came as an interim government in Syria led by President Ahmed Al-Sharaa tries to win the support of minorities.

Syria has made major inroads into the international fold since President Bashar Assad was removed in December 2024 after over a decade of civil war in the restive country. His ouster led to the United States and the European Union lifting its sanctions on the Arab country. 


Deputy PM Dar to lead Pakistan side at trade, investment and energy talks in UAE today

Deputy PM Dar to lead Pakistan side at trade, investment and energy talks in UAE today
Updated 39 min 18 sec ago

Deputy PM Dar to lead Pakistan side at trade, investment and energy talks in UAE today

Deputy PM Dar to lead Pakistan side at trade, investment and energy talks in UAE today
  • The Pakistan-UAE Joint Ministerial Commission will focus on multiple domains and explore new avenues of bilateral cooperation
  • Both countries have strengthened economic ties in recent years and the session provides an opportunity to align their priorities

ISLAMABAD: Pakistan’s deputy prime minister and foreign minister Ishaq Dar has arrived in the United Arab Emirates (UAE) to participate today, Monday, in the 12th session of the Pakistan-UAE Joint Ministerial Commission (JMC), according to the Pakistani foreign office.

The JMC serves as the highest institutionalized platform for bilateral cooperation between Pakistan and the UAE and the upcoming session will take forward the agenda of deepening strategic, economic and development cooperation between the two brotherly countries.

The Pakistani delegation will be led by Dar and comprise senior officials from economic affairs, commerce, energy, maritime affairs and interior ministries, according to the Pakistani foreign office.

The UAE side will be led by Sheikh Abdullah bin Zayed Al-Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, along with high-level representation from relevant Emirati institutions.

“The session will review progress across multiple domains of bilateral cooperation and explore new avenues for collaboration in trade, investment, energy, infrastructure development and IT,” the Pakistani foreign office said.

“A number of legal instruments are expected to be finalized during the session to institutionalize sectoral cooperation.”

The UAE is Pakistan’s third-largest trading partner after China and the United States, and a major source of foreign investment valued at over $10 billion in the last 20 years, according to the UAE’s foreign ministry.

Policymakers in Pakistan consider the Emirates an optimal export destination due to their geographical proximity, which minimizes transportation and freight costs while facilitating commercial transactions.

Both countries have stepped up efforts in recent years to strengthen their economic relations. In Jan. 2024, Pakistan and the UAE signed multiple agreements worth more than $3 billion for cooperation in railways, economic zones and infrastructure.

“The [JMC] session will provide an important opportunity for both sides to align their economic priorities and unlock the potential of enhancing scope of mutually beneficial partnership,” the foreign office added.


Pakistani PM speaks to Saudi, Qatari envoys as Iran fires missiles at US air base in Qatar

Pakistani PM speaks to Saudi, Qatari envoys as Iran fires missiles at US air base in Qatar
Updated 23 June 2025

Pakistani PM speaks to Saudi, Qatari envoys as Iran fires missiles at US air base in Qatar

Pakistani PM speaks to Saudi, Qatari envoys as Iran fires missiles at US air base in Qatar
  • Qatar called the attack a ‘flagrant violation’ of its sovereignty and said it reserved the right to respond
  • In phone call with Saudi envoy, PM Shehbaz Sharif urges joint efforts to de-escalate tensions in the region

ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif has expressed concern over Iran’s missile attack on a United States (US) military base in Qatar and called for efforts to restore peace in the region, Sharif’s office said on Monday, following his telephonic talk with Qatari and Saudi envoys to Islamabad.

Iran launched missile attacks Monday on US military bases in Qatar and Iraq in retaliation for the American bombing of its nuclear sites, state media said, amid escalating tensions in the volatile region.

Qatar said it had “successfully intercepted” missiles targeting the US base, and added it reserved the right to respond in accordance with international law. The US confirmed its air base was targeted by missile attack from Iran and said no casualties were reported.

Shortly after the attack, Sharif spoke with Qatar’s Ambassador to Islamabad Ali Mubarak Ali Essa Al-Khater and expressed solidarity with the Qatari government and people. He then spoke with Ƶ’s Ambassador Nawaf bin Said-Al Malki.

“The Prime Minister urged that all efforts must be made to de-escalate tensions and restore peace in the region,” Sharif’s office said, following his conversation with the Saudi envoy.

“He said Pakistan would continue to work closely with the Kingdom of Ƶ to intensify peace efforts.”

The Qatari and Saudi envoys thanked the prime minister for expressing solidarity and immediately reaching out to them after the development that could imperil peace and stability in the region, according to Sharif’s office.

Qatar earlier said it condemned the Iranian missile attack, calling it a “flagrant violation” of its sovereignty.

“We express the State of Qatar’s strong condemnation of the attack on Al-Udeid Air Base by the Iranian Revolutionary Guard Corps, and consider it a flagrant violation of the State of Qatar’s sovereignty and airspace, as well as of international law,” foreign ministry spokesman Majed Al-Ansari said in a statement.

The Al-Udeid air base is home to the US Combined Air Operations Center (CAOC), which provides command and control of air power across the region as well as the 379th Air Expeditionary Wing, the largest expeditionary wing in the world.

Iran’s retaliation came a day after the US launched a surprise attack Sunday morning on three of Iran’s nuclear sites, joining Israel in the biggest Western military action against the Islamic Republic since its 1979 revolution.

Just before the explosions, Iranian President Masoud Pezeshkian wrote on the social platform X: “We neither initiated the war nor seeking it. But we will not leave invasion to the great Iran without answer.”


PIA cancels flights to Qatar, Bahrain, Kuwait and UAE after Iran attacks on US bases

PIA cancels flights to Qatar, Bahrain, Kuwait and UAE after Iran attacks on US bases
Updated 23 June 2025

PIA cancels flights to Qatar, Bahrain, Kuwait and UAE after Iran attacks on US bases

PIA cancels flights to Qatar, Bahrain, Kuwait and UAE after Iran attacks on US bases
  • Iran confirmed it had attacked US forces stationed at Qatar’s Al-Udeid air base
  • The retaliation came a day after the US attacked three of Iranian nuclear facilities

KARACHI: The Pakistan International Airlines (PIA) has canceled its flights to Qatar, Bahrain, Kuwait and the United Arab Emirates (UAE), it said on Monday, shortly after Iran struck United States (US) bases in Qatar with missiles.

Iran confirmed it had attacked American forces stationed at Qatar’s Al-Udeid air base. A caption on the screen called it “a mighty and successful response by the armed forces of Iran to America’s aggression” as martial music played during announcement on Iranian state television.

Qatar said it “successfully intercepted” missiles targeting the US base, and added it reserved the right to respond directly and in accordance with international law following the strikes. The US confirmed its air base in Qatar was targeted by missile attack from Iran and said no casualties were reported.

PIA said it had limited its flight operations as a precautionary measure due to the ongoing situation in the Gulf region, adding that its reservation department had started transferring the bookings of passengers to other flights.

“PIA flights will be resumed after the situation returns to normal,” the airline said in a statement. “All passengers who were traveling on these flights are requested to get timely information about their flights from the PIA call center.”

A UAE government spokesperson said they were closely monitoring the regional developments and continuously assessing the situation.

Kuwait’s civil aviation body issued a statement, saying: “The country’s airspace has been temporarily closed as a precautionary measure, starting today and until further notice. The decision comes within the framework of maintaining the highest levels of safety and security in light of regional developments.”

The Al-Udeid air base is home to the US Combined Air Operations Center (CAOC), which provides command and control of air power across the region as well as the 379th Air Expeditionary Wing, the largest expeditionary wing in the world.

Iran’s retaliation came a day after the US launched a surprise attack Sunday morning on three of Iran’s nuclear sites, joining Israel in the biggest Western military action against the Islamic Republic since its 1979 revolution.

Just before the explosions, Iranian President Masoud Pezeshkian wrote on the social platform X: “We neither initiated the war nor seeking it. But we will not leave invasion to the great Iran without answer.”


Pakistan says holds ample petroleum reserves amid fears of Iran’s closure of Strait of Hormuz

Pakistan says holds ample petroleum reserves amid fears of Iran’s closure of Strait of Hormuz
Updated 23 June 2025

Pakistan says holds ample petroleum reserves amid fears of Iran’s closure of Strait of Hormuz

Pakistan says holds ample petroleum reserves amid fears of Iran’s closure of Strait of Hormuz
  • Iran’s parliament has approved cutting off the narrow shipping lane through which about 20 percent of global oil and gas passes
  • State Minister Bilal Azhar Kayani says no cause of concern for Pakistanis, government prepared to address any uncertainties

ISLAMABAD: Pakistan has ample petroleum reserves and an uninterrupted supply chain, a junior minister said on Monday, amid fears that Iran may cut off a vital oil and gas shipping lane in retaliation for US strikes on its nuclear facilities.

Iran’s parliament has approved cutting off the Strait of Hormuz, a narrow shipping lane in the Arabian Gulf through which about 20 percent of global oil and gas passes. It’s now up to Iran’s national security council to decide whether to move forward with the idea, which could lead to a spike in the cost of goods and services worldwide.

The price of oil jumped 4 percent shortly after trading began on Sunday night, but it quickly pared back as the focus shifted from what the US military did to how Iran would react. Oil futures were flip-flopping in Monday morning trading between gains and losses. They still remain higher than they were before the fighting began a little more than a week ago.

Pakistan’s State Minister for Finance and Railway Bilal Azhar Kayani denied rumors about a shortage of petroleum products in the South Asian country, stressing that his government was closely monitoring developments following tensions between Iran, Israel and the US to ensure stability.

“The Oil and Gas Regulatory Authority (OGRA) has directed all oil marketing companies to strictly maintain mandatory reserve levels in light of current global conditions, mitigating potential risks,” Kayani was quoted as saying by Pakistan’s Press Information Department.

“There is no cause for concern as petroleum product inventories are sufficient and supply operations continue smoothly across the nation.”

The statement came hours after President Donald Trump called for the US and other oil-producing economies to pump more oil as the White House sharpened its warnings to Iran against closing the Strait of Hormuz.

Global markets were trying to ascertain what lays ahead after the US struck on Sunday key Iranian nuclear facilities with a barrage of 30,000-pound bunker busting bombs and Tomahawk missiles.

Pakistan lacks adequate resources to run its oil- and gas-powered plants and mainly sources its oil from Arab Gulf nations.

Kayani reassured citizens that the Prime Minister’s office, Ministry of Petroleum and the Ministry of Finance were continuously monitoring the situation.

“We are fully prepared to address any uncertainties,” he said, adding the government was committed to ensuring the country’s energy security.