logo
Pakistan's deputy PM, US state secretary hold first in-person talks amid diplomatic reset

Pakistan's deputy PM, US state secretary hold first in-person talks amid diplomatic reset

Arab News2 days ago
ISLAMABAD: Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar held his first face-to-face meeting with US Secretary of State Marco Rubio in Washington on Friday in what is widely viewed as a significant diplomatic engagement amid renewed efforts by both countries to reshape their bilateral relationship.
The meeting at the State Department came just a few days after a US official hinted at a bilateral meeting between the two countries without elaborating on the schedule or the agenda earlier this week.
Dar is currently on an eight-day visit to the United States where he kept a busy schedule in New York where he chaired several high-profile United Nations Security Council meetings under Pakistan's rotating presidency this month.
He highlighted the need for multilateralism, peaceful dispute resolution and his country's own strategic concerns after an intense, four-day-long military standoff with India earlier this year amid Indian accusations of terrorism and its decision to cut off river water flows to Pakistan.
'This is the first face-to-face meeting between the foreign ministers of Pakistan and the United States,' the foreign office said in a statement. 'The two leaders exchanged views on enhancing cooperation in economic, trade, counterterrorism and investment matters.'
Last month, US President Donald Trump hosted Pakistan's army chief, Field Marshal Asim Munir, for a rare one-on-one lunch at the White House in a visit that followed the India-Pakistan standoff, which ended with a US-brokered ceasefire on May 10.
Trump also discussed Iran with Munir, saying Islamabad understood Tehran 'better than most.'
The recent interactions between Pakistani and American officials are widely viewed as a reset of their ties after years of estrangement that all but eliminated such high level meetings between both sides.
The revival of military and political dialogue between the two countries come as Pakistan is also holding trade talks with Washington after the Trump administration imposed 29 percent 'reciprocal tariffs' on Pakistani exports in April.
Pakistan's finance chief, Muhammad Aurangzeb, who also visited Washington this month, said the two countries were now working to shift their economic ties 'from one focused on trade to one anchored in long-term investment.'
After meeting US Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer, Aurangzeb said priority sectors had been identified, including minerals, mining, artificial intelligence and cryptocurrency regulation.
He also hinted at 'leadership-level' announcements in the days ahead.
Friday's meeting between Dar and Rubio was described by the Foreign Office as reflecting the 'longstanding partnership' between Pakistan and the US.
Rubio welcomed Dar on his arrival at the State Department for what officials on both sides described as an 'important' meeting.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Chinese firm eyes investment in Pakistan's ICT, new energy sectors — ministry
Chinese firm eyes investment in Pakistan's ICT, new energy sectors — ministry

Arab News

timea minute ago

  • Arab News

Chinese firm eyes investment in Pakistan's ICT, new energy sectors — ministry

ISLAMABAD: GuoDong Group, a leading Chinese communications firm, has expressed 'strong interest' in investment in Pakistan's information and communication technology (ICT) and new energy sectors, the Pakistani IT ministry said on Sunday. The statement came after a meeting between Pakistan's IT Minister Shaza Fatima Khawaja and a three-member GuoDong Group delegation, led by its founder and chairman Lu Jie in Shanghai. The meeting took place on the sidelines of the Global Artificial Intelligence Conference, at which both sides discussed investment opportunities in Pakistan, according to the Pakistani IT ministry. 'The delegation expressed strong interest in investing in Pakistan's ICT sector, with a focus on telecommunication towers, data centers, and cloud computing infrastructure,' the Pakistani ministry said in a statement. 'Mr. Lu Jie also conveyed interest in expanding to new energy domains, including EV charging stations, smart city solutions, and advanced material manufacturing within Pakistan.' The development comes as Pakistan, slowly recovering from a macroeconomic crisis under a $7 billion International Monetary Fund (IMF) deal, has been looking to boost foreign investment for sustainable growth. In May, the Pakistani government allocated 2,000 megawatts (MW) of electricity in the first phase of a national initiative to power cryptocurrency mining and Artificial Intelligence (AI) data centers. The South Asian country is also looking to build critical electric vehicle (EV) charging infrastructure as it targets 30 percent of all new vehicle sales to be electric by 2030 under its ambitious New Electric Vehicle Policy (NEVP) 2025–2030. Welcoming the proposals, Khawaja invited the GuoDong Group officials to visit Pakistan for more detailed discussions with relevant stakeholders. 'She assured the delegation of the Government's full support and facilitation to help realize these investment initiatives,' the IT ministry said.

At least five arrested as Pakistan widens crackdown on illegal currency exchange, transfers
At least five arrested as Pakistan widens crackdown on illegal currency exchange, transfers

Arab News

time3 hours ago

  • Arab News

At least five arrested as Pakistan widens crackdown on illegal currency exchange, transfers

ISLAMABAD: Pakistan's Federal Investigation Agency (FIA) has arrested five suspects involved in illegal currency exchange and transfer of money, the agency said on Sunday, amid a widening crackdown on black market currency traders. The development comes days after the Inter-Services Intelligence (ISI), Pakistan's powerful military-run spy agency, held a meeting in Islamabad with senior officials from currency exchange companies, amid growing concern over the rupee's depreciation, which fell to a 22-month low of Rs284.97 against the US dollar earlier this week. Maj. Gen. Faisal Naseer, a deputy chief of the ISI, chaired the session, according to Malik Bostan, who attended the discussion and is the chairman of the Exchange Companies Association of Pakistan (ECAP), told Arab News. The FIA had begun raiding informal, unregulated money transfer, or 'hundi' and 'hawala,' operators and currency smuggling networks. In a statement on Sunday, the agency said it was tightening the noose around networks involved currency smuggling and had conducted major operations in the southwestern Balochistan province that border Iran and Afghanistan. 'Five suspects involved in hawala, hundi and illegal currency exchange have been arrested,' the FIA said in a statement. 'The suspects were arrested in raids in different areas of Quetta and Chaman.' Pakistan operates a multi-tiered currency market, with rates diverging between the official interbank channel, the open market, and an unregulated 'grey market' where many traders and informal hawala dealers operate. Burdened by over $58 billion in imports in the last fiscal year, Pakistan faces severe inflationary pressure whenever the dollar strengthens. The rupee has lost 2 percent of its value since January, despite Pakistan's current account recording a surplus of $2.1 billion, according to central bank data. During the raids in Balochistan, the FIA said, officials seized 684,000 Pakistani rupees, 230.5 million Iranian rials, more than 135,000 Afghanis, 700 US dollars, 200 Saudi riyals and 150 Australian dollars. 'Cheque books, hawala-hundi receipts and bank deposit slips were also recovered from the suspects,' it said. 'The accused were involved in currency exchange without a license. They could not give a satisfactory answer to the authorities regarding the recovered currency.' The agency said it was further investigating the arrested suspects.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store