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Pakistan tenders to buy 100,000 metric tons of sugar, traders say

Pakistan tenders to buy 100,000 metric tons of sugar, traders say
Labourers unload bags of sugar from a delivery truck to a wholesale market in Karachi, Pakistan May 24, 2023. (Reuters/File)
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Updated 1 min 7 sec ago

Pakistan tenders to buy 100,000 metric tons of sugar, traders say

Pakistan tenders to buy 100,000 metric tons of sugar, traders say
  • The country reportedly received no offers in a previous tender to buy 50,000 tons of sugar
  • The new tender seeks shipment of breakbulk supplies between August 21 and September 15

HAMBURG: Pakistan’s state agency the Trading Corporation of Pakistan (TCP) has issued an international tender to purchase 100,000 metric tons of white refined sugar, European traders said on Friday.

The deadline for submission of price offers is July 31.

Pakistan’s government had on July 8 approved plans to import 500,000 tons of sugar to help to maintain price stability. Market analysts said that retail sugar prices in the country have risen sharply since January.

Pakistan reportedly received no offers in a previous tender to buy 50,000 tons of sugar on July 22, with traders saying the requirement to load shipments between August 1-15 was too short notice for realistic offers.

The new tender seeks shipment of breakbulk supplies between August 21 and September 5 for 50,000 tons or between September 1-15 for 50,000 tons. For 50,000 tons of sugar in ocean shipping containers, shipment can also be made between August 21 and September 10.

Shipments should be organized to achieve arrival of all the sugar in Pakistan by September 30 with containerised shipments able to arrive up to five days later.

The sugar can be sourced from optional origins but excluding India and Israel.


As political protests stir, Pakistan PM reassures EU on human rights linked to GSP+

As political protests stir, Pakistan PM reassures EU on human rights linked to GSP+
Updated 25 sec ago

As political protests stir, Pakistan PM reassures EU on human rights linked to GSP+

As political protests stir, Pakistan PM reassures EU on human rights linked to GSP+
  • The development comes days after the announcement of an anti-government protest movement by jailed former PM Imran Khan's party
  • The EU last year raised concerns over the sentencing of Khan supporters by Pakistani military courts over attacks on military installations

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday held a meeting with outgoing European Union (EU) Ambassador Riina Kionka and discussed with her the EU's Generalized Scheme of Preference Plus (GSP+) framework and "domestic political developments," Sharif's office said.

The scheme grants beneficiary countries’ exports duty-free access to the European market in exchange for voluntarily agreeing to implement 27 international core conventions, including those on human and civil rights. Sharif's office did not elaborate on which political developments they discussed, but the development comes after the announcement of an anti-government protest movement by jailed former premier Imran Khan's Pakistan Tehreek-e-Insaf (PTI) party.

The PTI recently announced the protest drive to secure the release of Khan, who has been in jail for nearly two years on a slew of charges. The party has staged several protests in recent years demanding an audit of Feb. 2024 general election along with Khan’s release, saying the polls had been rigged. Pakistani authorities deny the allegations and accuse the PTI of attempting to disrupt its efforts to achieve sustainable economic growth.

The EU last year raised also concerns over the sentencing of PTI activists by Pakistani military courts over attacks on government and military installations in May 2023, noting that Islamabad had agreed to effectively implement 27 core conventions, including the International Covenant on Civil and Political Rights (ICCPR), to continue benefitting from the GSP+ scheme.

"The Prime Minister underscored the significance of EU as one of Pakistan’s largest trading partners and reaffirmed the Government’s commitment to the GSP Plus scheme, which had proved to be mutually beneficial for both sides," Sharif's office said.

The EU is one of Pakistan’s most important trading partners, accounting for 12.4% of Pakistan’s total trade in 2024, while Pakistan was the EU’s 48th largest trading partner in goods, accounting for 0.2% of EU trade, according to official EU data.

Bilateral trade in goods between the EU and Pakistan represented €12 billion in 2024 (with a deficit for the EU of €4.6 billion).
During the meeting, Ambassador Kionka thanked PM Sharif for the support she had received during her stay in Pakistan.

"The EU was committed to strengthening its cooperation with Pakistan," she was quoted as saying.

PM Sharif conveyed his good wishes for EU Commission President Ursula von der Leyen and said that he looked forward to meeting her at a convenient opportunity in the coming days.


Pakistan to nominate five new sites for UNESCO World Heritage status

Pakistan to nominate five new sites for UNESCO World Heritage status
Updated 6 min 15 sec ago

Pakistan to nominate five new sites for UNESCO World Heritage status

Pakistan to nominate five new sites for UNESCO World Heritage status
  • Move aims to boost global recognition of Pakistan’s cultural heritage and expand heritage tourism
  • New nominations include Karez system in Balochistan, Sindh’s Banbhore port and Mughal-era Hiran Minar

ISLAMABAD: Pakistan will nominate five culturally and historically significant sites for inclusion in the UNESCO World Heritage List, state broadcaster Radio Pakistan reported on Friday, in a bid to preserve the country’s rich archaeological legacy and promote global recognition of its heritage landscape.

The proposed sites include the ancient Karez water management system in Balochistan, the Mughal-era Hiran Minar in Punjab, the Buddhist ruins of Ranigat in Khyber Pakhtunkhwa, and two prominent locations in Sindh, the historic Port of Banbhore and the Nagarparkar cultural landscape.

“If accepted, these nominations would raise Pakistan’s total number of UNESCO World Heritage Sites from six to eleven, marking a significant milestone in cultural preservation and heritage tourism,” the report said.

This photo, posted on November 21, 2021 by Manakay on Instagram, shows the Buddhist ruins of Ranigat in Khyber Pakhtunkhwa, Pakistan. (Photo courtesy: Instagram/@manakyinc)

Pakistan currently has six UNESCO World Heritage Sites. These include Mohenjo Daro and the Makli necropolis in Sindh; Taxila, Rohtas Fort, and the Fort and Shalamar Gardens in Lahore in Punjab; and the Buddhist monastic complex at Takht-i-Bahi along with the remains at Sahr-i-Bahlol in Khyber Pakhtunkhwa.

This photo, posted on September 20, 2015 by Picture Pakistan on Instagram, shows the Mughal-era Hiran Minar in Punjab, Pakistan. (Photo courtesy: Instagram/Tayyab Sohail via @picturepakistan)

The nomination of the five new sites aligns with Pakistan’s broader efforts to highlight its pre-Islamic and Islamic-era heritage, attract cultural tourism, and strengthen international partnerships in heritage conservation. Many of the proposed sites reflect architectural, hydrological or religious traditions that span centuries, from Buddhist Gandharan ruins to sophisticated ancient irrigation systems.

This combination of photos, posted by Meer Balach Jamali on October 2, 2024 on Instagram, shows the ancient Karez water management system in Balochistan, Pakistan. (Photo courtesy: Instagram/@meerbalachjamali)

If approved, the addition of the Karez system, an underground aqueduct irrigation technique still in use in some parts of Balochistan, would represent the first such nomination from Pakistan in the category of traditional water management.

This photo, posted on April 16, 2021 by Dastangoi on Instagram, shows the historic Port of Banbhore in Sindh, Pakistan. (Photo courtesy: Instagram/@dastaangoi)

Similarly, the inclusion of the 16th-century Hiran Minar complex near Sheikhupura would highlight Mughal-era hunting lodges and water structures not yet recognized internationally.

This photo, posted by Sania Azhar on April 29, 2024 on Instagram, shows the Nagarparkar cultural landscape in Sindh, Pakistan. (Photo courtesy: Instagram/@saniaaazhar)

UNESCO’s World Heritage Committee reviews nominations annually based on criteria such as historical value, cultural significance and preservation status.


Deadly rains batter Gilgit-Baltistan as Pakistan’s monsoon deaths climb to 266

Deadly rains batter Gilgit-Baltistan as Pakistan’s monsoon deaths climb to 266
Updated 25 July 2025

Deadly rains batter Gilgit-Baltistan as Pakistan’s monsoon deaths climb to 266

Deadly rains batter Gilgit-Baltistan as Pakistan’s monsoon deaths climb to 266
  • Pakistan has witnessed intense rains, storms and flash floods since June 26
  • The deluges this week damaged over 170 houses in Gilgit-Baltistan region

ISLAMABAD: Heavy rains have triggered flash floods and landslides at multiple locations in Pakistan’s northern Gilgit-Baltistan (GB) province, according to the National Disaster Management Authority (NDMA), with the nationwide death toll rising to 266.

Pakistan has witnessed intense rains, storms and flash floods since June 26. The deluges have destroyed 70 houses and partially damaged over 100 others in Thak Niyat, Tata Pani, Thor and Skarkoi areas of Gilgit-Baltistan.

“Thor flash flood tragically claimed the lives of two local children,” the NDMA said in its latest situation report.

Since late June, Pakistan’s most populous Punjab province has reported 144 deaths, followed by 63 in Khyber Pakhtunkhwa, 25 in Sindh, 16 in Balochistan, two in Azad Kashmir, and eight each in GB and Islamabad.

The NDMA said moderate monsoon currents from the Arabian Sea were penetrating the lower half of the country, with a seasonal low now lying over northern Balochistan.

“Scattered thunderstorm/rain with isolated heavy falls is expected over Islamabad, Rawalpindi, Gujranwala, Faisalabad, Sahiwal, Sargodha, Lahore, DG Khan, Bahawalpur (Bahawalnagar), Peshawar, Kohat, Bannu and DI Khan divisions,” the authority said.

Showers were expected over upper catchments of all major rivers as well.

Pakistan, which ranks among the world’s most climate-vulnerable nations, has witnessed increasingly erratic weather events in recent years.

In 2022, a third of the country was submerged by deadly floods, with more than 1,700 people killed, over 30 million affected and damages totaling $35 billion. In May, at least 32 people were killed in severe storms.


Cambodian PM urges Pakistan to summon UNSC meeting after recent clashes with Thailand

Cambodian PM urges Pakistan to summon UNSC meeting after recent clashes with Thailand
Updated 25 July 2025

Cambodian PM urges Pakistan to summon UNSC meeting after recent clashes with Thailand

Cambodian PM urges Pakistan to summon UNSC meeting after recent clashes with Thailand
  • The development comes as tensions boil over into rare armed conflict between the Southeast Asian countries
  • Both blame each other for a clash at a disputed border area, which quickly escalated into heavy shelling

BANGKOK/PHNOM PENH: Thailand scrambled an F-16 fighter jet to bomb targets in Cambodia on Thursday after artillery volleys from both sides killed at least 11 civilians, as border tension boiled over into rare armed conflict between the Southeast Asian countries.

Both blamed each other for starting a morning clash at a disputed area of the border, which quickly escalated from small arms fire to heavy shelling. Hostilities flared in at least six locations 209 km (130 miles) apart along a frontier where sovereignty has been disputed for more than a century.

Thailand positioned six F-16 fighter jets in an uncommon combat deployment, one of which was mobilized to strike a Cambodian military target.

Thailand’s military said the use of air power was to strike with precision, while Cambodia’s foreign ministry described Thailand’s measures as “reckless and brutal military aggression.”

The worst fighting between the countries in 13 years came after Thailand on Wednesday recalled its ambassador to Phnom Penh and expelled Cambodia’s envoy, in response to a second Thai soldier losing a limb to a land mine that Bangkok alleged had been laid recently by rival troops. Cambodia called that accusation baseless.

The United Nations Security Council is due to meet on Friday over the conflict.

The United States, a long-time treaty ally of Thailand, called for an immediate end to hostilities.

“We are ... gravely concerned by the escalating violence along the Thailand Cambodia border, and deeply saddened by reports of harm to civilians,” the State Department’s deputy spokesperson, Tommy Pigott, told a regular news briefing.

“The United States urges an immediate cessation of hostilities, protection of civilians and a peaceful resolution of the conflict,” he said.

The two countries have been braced for conflict since the killing of a Cambodian soldier late in May during a brief skirmish, with troops reinforced on both sides of the border amid a full-blown diplomatic crisis that brought Thailand’s fragile coalition government to the brink of collapse.

Thailand said there were 12 fatalities in three Thai provinces, 11 of them civilians, including an eight-year-old boy. Authorities said 31 people were hurt on Thursday. The number of Cambodian casualties was unclear.

“We condemn this — using heavy weapons without a clear target, outside of conflict zones... the use of force and did not adhere to international law,” Thailand’s acting Prime Minister Phumtham Wechayachai told reporters.

“We remain committed to peaceful means and there should be discussions, but what happened was a provocation and we had to defend ourselves.”

‘PREMEDITATED MILITARY AGGRESSION’

Thailand’s Health Minister Somsak Thepsuthin told reporters a hospital was hit by shelling in Surin province, an attack he said should be considered “a war crime.”

Cambodian government, defense and foreign ministry officials gave no indication of fatalities sustained or any estimate of the number of people evacuated.

In a letter to Pakistan, current president of the United Nations Security Council, Cambodia’s Prime Minister Hun Manet, urged the body to convene a meeting to stop what he called “unprovoked and premeditated military aggression” by Thailand in violation of international law.

As clashes spread to different border areas, Thai villagers including children and elderly people fled to concrete shelters fortified with sandbags and car tires.

“How many rounds have been fired? It’s countless,” an unidentified woman in Surin province told the Thai Public Broadcasting Service while hiding in the shelter as gunfire and explosions were heard in the background.

Video footage showed a plume of thick black smoke rising from a gas station in neighboring Sisaket province, as firefighters rushed to extinguish the blaze.

Thailand has evacuated over 40,000 people from border areas, moving many to temporary shelters, where elderly people and small children gathered on floor mats as authorities prepared meals and unloaded food and bottled water from trucks.

“I’m worried about my children,” said Suphap Wongwai, an evacuee in Surin province. “My children are scared and crying.”

DECADES OF DISPUTES

Thailand and Cambodia have bickered for decades over jurisdiction of various undemarcated points along their 817 km (508 mile) land border, with ownership of the ancient Hindu temples Ta Moan Thom and the 11th century Preah Vihear central to the disputes.

Preah Vihear was awarded to Cambodia by the International Court of Justice in 1962 but tension escalated in 2008 after Cambodia attempted to list it as a UNESCO World Heritage site.

That led to skirmishes over several years and at least a dozen deaths.

Cambodia in June said it had asked the ICJ to resolve its disputes with Thailand, which says it has never recognized the court’s jurisdiction and prefers a bilateral approach.

Thailand’s use of a fighter jet underlines its military advantage over Cambodia in terms of size and range of defense hardware.

The clashes have caused jitters in the region, with the Philippines and Vietnam calling for restraint and China expressing willingness to help promote de-escalation.


Pakistan spy agency chases black marketeers to brake dollar surge, forex association official says

Pakistan spy agency chases black marketeers to brake dollar surge, forex association official says
Updated 25 July 2025

Pakistan spy agency chases black marketeers to brake dollar surge, forex association official says

Pakistan spy agency chases black marketeers to brake dollar surge, forex association official says
  • A top ISI official huddled with exchange firms, businessmen on July 22 as dollar surged to Rs284.97, a level last seen in Sept. 2023
  • An inflated greenback rate reflects on the pace of price hike in Pakistan, which spent over $58 billion on imports in the last fiscal year

KARACHI: Pakistan’s spy agency has launched a clampdown on black marketeers after an increase in dollar rate to a 22-month high of Rs284.97 this week, the chairman of the Exchange Companies Association of Pakistan (ECAP) told Arab News on Thursday.

The crackdown follows a meeting of Maj. Gen. Faisal Naseer, a deputy chief of the military-led Inter-Services Intelligence (ISI) agency, with the exchange companies in Islamabad on July 22, according to ECAP Chairman Malik Bostan.

The intervention has since helped stabilize the open market rate and the Pakistani currency surged against the greenback by one rupee on Thursday. On Friday morning, the dollar was trading at Rs283 at the Pakistani currency market.

Arab News approached the Inter-Services Public Relations (ISPR), the Pakistani military’s media wing, but did not receive a response to its request seeking comment on the matter.

“The dollar rate is going to come down significantly. The crackdown is going on and has lifted pressure from the currency market,” ECAP chief Bostan said.

The crackdown is the second such intervention by Pakistan’s military which had launched a similar drive against illegal trade of the greenback in 2023 to help stabilize the exchange rate. An inflated dollar rate reflects on the pace of price hike in Pakistan, which spent more than $58 billion on imports in the outgoing fiscal year that ended in June.

The cash-strapped South Asian nation, currently bolstered by a $7 billion International Monetary Fund (IMF) program, has long been struggling to stabilize its forex exchange reserves that contracted to $19.9 billion last week because of external debt repayments made to foreign lenders.

The IMF wants Islamabad to ensure the country’s exchange rate is driven by the market which, however, is loosely regulated and runs in at least three tiers of exchange rates: interbank, open and grey market.

“The dollar fell below Rs287 to Rs286.90 in the open market because of the agencies’ crackdown and exporters who have started selling their proceeds,” Bostan said, adding that those hoarding the greenback in hopes of its value to surge to Rs290 would be disappointed.

Qazi Owais-ul-Haq, a currency dealer at the Karachi-based Arif Habib Ltd. brokerage firm, said the exchange rate gap between the official and black markets had “widened significantly,” promoting an intervention.

“This crackdown would make a difference and it has already as we saw the dollar has slid,” he told Arab News.

Pakistan’s rupee has been depreciating in recent months and has lost 2 percent of its value since January in the interbank market, despite the country’s improving current account that showed $2.1 billion surplus in the outgoing fiscal year, according to the central bank data.

On July 22, the dollar surged to Rs284.97, a level last seen in September 2023, according to Adnan Sami Sheikh, assistant vice president of research at the Pakistan-Kuwait Investment Company.

Bostan said he told ISI’s Naseer the mafia which smuggled dollars and other foreign currencies to neighboring Iran and Afghanistan “have become active again,” citing new tax regulations like taxing buyers on Rs200,000 purchases in cash.

“Many customers who do not pay taxes hide their identities while buying and hoarding foreign currencies from the black market at a large scale,” he said, adding that Maj. Gen. Naseer “immediately ordered law enforcement agencies to launch a crackdown on currency smugglers and arrest them.”

Pakistan, which has been struggling with border controls, saw the smuggling of as much as $5 million a day into Afghanistan amid international sanctions since the return of the Taliban in August 2021, ECAP Secretary-General Zafar Sultan Paracha said in Feb. 2023, the year when the Pakistani military first intervened into the matter. The amount more than covered the as much as $17 million that Afghanistan’s central bank was injecting weekly into the market at the time.

While the Pakistani rupee has shown some signs of recovery since the exchange company representatives’ meeting with the ISI official on July 22, Bostan hinted the central bank’s buying of dollars from the interbank market was also increasing demand for the greenback.

The State Bank of Pakistan (SBP) had bought $9 billion from the interbank market over the last nine months to boost its reserves, according to the ECAP chairman.

“It has now stopped buying dollars from the interbank, meaning the dollar rate will not rise but is likely to fall significantly,” Bostan said, adding the greenback may drop by more than Rs10 in the next one month if the central bank did not buy dollars from local market.

But Sheikh believed otherwise.

“Despite the crackdown in the news, ground reality is very different with money changers in affluent areas of Karachi where dollar demand remains high, reporting no availability of dollars today,” he said on Thursday, adding that the grey market was hovering around Rs295-Rs300 a dollar which was nearly 5 percent above the official interbank rate.

“When no dollars are available at money changers then of course, people would continue to buy from the grey market and the rate would remain elevated.”

Separately, Pakistan’s Army Chief Field Marshal Asim Munir met the country’s top businessmen from the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and All Pakistan Textiles Mills Association (APTMA) on July 21.

In a statement on July 22, FPCCI president Atif Ikram Sheikh said the army chief had assured the business community of his full support in efforts to revive and strengthen Pakistan’s economy.