Winning FIFA World Cup bid recognition of growing Saudi global influence — Pakistani PM

Winning FIFA World Cup bid recognition of growing Saudi global influence — Pakistani PM
Fans celebrate in Riyadh on December 11, 2024, as is announced as the host nation for the FIFA World Cup 2034. ( Football Association via REUTERS)
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Updated 12 December 2024

Winning FIFA World Cup bid recognition of growing Saudi global influence — Pakistani PM

Winning FIFA World Cup bid recognition of growing Saudi global influence — Pakistani PM
  • was named FIFA 2034 host in a FIFA extraordinary meeting on Wednesday 
  • will be second Middle Eastern nation to host tournament after Qatar in 2022

ISLAMABAD: Pakistani Prime Minister Shehbaz Sharif on Wednesday congratulated Saudi Crown Prince Mohammed bin Salman and the Kingdom on winning the 2034 bid to host the FIFA World Cup tournament, calling it a “befitting recognition” of ’s growing global influence.

FIFA, the world governing body of football, on Wednesday officially named as the host nation of the FIFA World Cup 2034. The Extraordinary FIFA Congress meeting also confirmed Morocco, Spain and Portugal as co-hosts of the 2030 World Cup.

will be the second Middle Eastern nation to host the tournament after Qatar staged it in 2022.

“Heartiest congratulations to my brother HRH Crown Prince Mohammed bin Salman & the Kingdom of on winning the right to host FIFA World Cup 2034!” Sharif wrote on social media platform X. 

“This landmark achievement is befitting recognition of ’s growing influence in global sports & its commitment to Vision 2030.”

Football is arguably the most popular sport across the globe. Uruguay held the first football World Cup in 1930 while Argentina and Spain have also hosted the tournament. 

Portugal, Paraguay and Morocco will all be first-time hosts.

In 2023, FIFA said the 2034 World Cup would be held in the Asia or Oceania region, with the Asian Football Confederation throwing its support behind the Saudi bid.


Pakistani forces kill 47 ‘Indian-sponsored militants’ in two-day engagements in southwest — military

Pakistani forces kill 47 ‘Indian-sponsored militants’ in two-day engagements in southwest — military
Updated 09 August 2025

Pakistani forces kill 47 ‘Indian-sponsored militants’ in two-day engagements in southwest — military

Pakistani forces kill 47 ‘Indian-sponsored militants’ in two-day engagements in southwest — military
  • The deceased militants belonged to the Tehreek-e-Taliban Pakistan, primarily active in Pakistan’s northwest
  • Islamabad has frequently a surge in militancy on India and Afghanistan, New Delhi and Kabul deny the allegation

ISLAMABAD: Pakistani security forces have killed 47 “Indian-sponsored militants” belonging to the Tehreek-e-Taliban Pakistan (TTP) near the country’s border with Afghanistan in the restive Balochistan province, the Pakistani military said on Saturday.

Pakistani forces engaged and killed 33 militants while attempting to infiltrate the border in Sambaza area of Balochistan’s Zhob district on August 7-8, according to the Inter-Services Public Relations (ISPR), the military’s media wing.

The military, following the successful engagements, conducted a sanitization operation on the night August 8-9 in surrounding areas of Sambaza along Pakistan-Afghanistan border and neutralized 14 more “Indian-sponsored khwarij [militants].”

In recent months, Islamabad has frequently accused India of backing militant groups and Afghanistan of allowing the use of its soil for attacks against Pakistan. Kabul and New Delhi deny the allegation.

“Weapons, ammunition and explosives were also recovered from the killed khwarij,” the ISPR said in a statement. “Security Forces remain committed to secure the nation’s frontiers and thwart attempts at sabotaging peace, stability and progress of Pakistan.”

Pakistan has witnessed a sharp rise in violence in its western regions bordering Afghanistan.

While the recent infiltration attempt took place in the volatile Balochistan province, the site of a long-running insurgency by Baloch separatists, the TTP has primarily carried out attacks in Pakistan’s northwestern Khyber Pakhtunkhwa region, targeting security personnel, police and civilians.

On Friday, Balochistan’s Chief Minister Sarfraz Bugti welcomed the operation, calling it a successful counter-infiltration move that “made the nation proud.”

“The people of Balochistan stand united against the enemies of peace,” he said. “Every obstacle to peace and prosperity in Balochistan will be eliminated.”


Pakistan recovers $1.6 billion in looted wealth, compensates over 12,000 individuals and public entities

Pakistan recovers $1.6 billion in looted wealth, compensates over 12,000 individuals and public entities
Updated 09 August 2025

Pakistan recovers $1.6 billion in looted wealth, compensates over 12,000 individuals and public entities

Pakistan recovers $1.6 billion in looted wealth, compensates over 12,000 individuals and public entities
  • The recovery made in second quarter of this year marks a substantial quarterly increase of Rs365.29 billion
  • The South Asian nation ranks 135 out of 180 countries on Transparency International’s Corruption Perceptions Index

KARACHI: Pakistan’s National Accountability Bureau (NAB) said on Saturday it had recovered Rs456.3 billion ($1.6 billion) worth of looted national wealth and compensated government departments, institutions and more than 12,000 individuals.

NAB is Pakistan’s primary anti-corruption agency and its core function is to eliminate corruption by investigating allegations of corruption, misuse of authority and financial crimes. It also works to recover assets acquired through illegal means.

The watchdog said the Rs456.3 billion recovery in the second quarter of 2025 marked a substantial increase of Rs91.01 billion, compared to Rs365.29 billion recovered during the first quarter of this year.

“Out of said recoveries of Rs547.31 billion for the first two quarters of 2025, movable and immovable properties worth Rs532.33 billion have been disbursed/handed over to different Ministries & Departments of Federal and Provincial Governments as well as Financial Institutions,” it said.

“Whereas, 12,611 affectees of different cheating public at large cases have also been compensated.”

Pakistan ranks 135 out of 180 countries on Transparency International’s Corruption Perceptions Index for 2024, after falling two spots below its ranking in 2023.

In his quarterly report issued on Saturday, NAB said it remains committed to safeguarding state assets and interests of the general public and recovering funds belonging to the national exchequer.

“In the past two years, NAB has recovered a staggering total of Rs5,854.73 billion, which is 700 percent more that of Rs839.08 billion recovered since the Bureau’s inception [in 1999],” it said.

“Currently, NAB is actively coordinating with the revenue departments of all provinces to recover state assets and properties unlawfully held by corrupt elements. Preliminary estimates indicate that state land worth approximately Rs5 trillion is under illegal possession and will be reclaimed.”


India shot down 6 Pakistani military aircraft in May fighting, air force chief says

India shot down 6 Pakistani military aircraft in May fighting, air force chief says
Updated 09 August 2025

India shot down 6 Pakistani military aircraft in May fighting, air force chief says

India shot down 6 Pakistani military aircraft in May fighting, air force chief says
  • Indian Air Marshal A.P. Singh did not mention the type of fighter jets that were downed
  • Islamabad previously denied India downed any Pakistani aircraft during the May conflict

NEW DELHI: India shot down five Pakistani fighter jets and one other military aircraft during clashes in May, India’s air force chief said on Saturday, the first such statement by the country months after its worst military conflict in decades with its neighbor.

Most of the Pakistani aircraft were downed by India’s Russian-made S-400 surface-to-air missile system, Indian Air Chief Marshal A.P. Singh said at an event in the southern city of Bengaluru. He cited electronic tracking data as confirmation of the strikes.

“We have at least five fighters confirmed killed, and one large aircraft,” he said, adding that the large aircraft, which could be a surveillance plane, was shot down at a distance of 300 km (186 miles).

“This is actually the largest ever recorded surface-to-air kill,” he said, prompting applause from the crowd that included serving air force officers, veterans, and government and industry officials.

Pakistan’s military did not immediately respond to a request for comment. Singh did not mention the type of fighter jets that were downed.

Islamabad, whose air force primarily operates Chinese-made jets and US F-16s, has previously denied that India downed any Pakistani aircraft during the May 7-10 fighting between the nuclear-armed neighbors.

Pakistan has claimed that it shot down six Indian aircraft during the clashes, including a French-made Rafale fighter. India has acknowledged some losses but denied losing six aircraft.

France’s air chief, General Jerome Bellanger, has previously said that he has seen evidence of the loss of three Indian fighters, including a Rafale. Indian Air Force has not commented on the claims.


Designated Pakistani banks open today to receive Hajj applications

Designated Pakistani banks open today to receive Hajj applications
Updated 09 August 2025

Designated Pakistani banks open today to receive Hajj applications

Designated Pakistani banks open today to receive Hajj applications
  • Pakistan has Hajj quota of 179,210 pilgrims, with 129,210 seats allocated for government scheme
  • The country has already received over 58,000 applications from intending pilgrims for Hajj 2026

ISLAMABAD: Designated banks across Pakistan are open today for the receipt of Hajj applications from registered pilgrims, Pakistani state media reported.

Pakistan has a Hajj quota of 179,210 pilgrims. Of this, 129,210 seats have been allocated for the government scheme and the rest for private tour operators, according to the Pakistani religious affairs ministry.

Under the government scheme, pilgrims can choose between a long Hajj package (38–42 days) and a short package (20–25 days). The estimated cost of the government Hajj package ranges between Rs1,150,000 and Rs1,250,000 (approximately $4,050 to $4,236).

“Hajj applicants can submit their applications online or through banks as per their convenience,” the Radio Pakistan broadcaster reported, citing a ministry spokesman.

“The State Bank has issued instructions to 14 banks in this regard.”

Pakistan has received over 58,000 applications from intending pilgrims for Hajj 2026, the religious affairs ministry said on Friday.

Individuals, registered on a first-come, first-served basis, can deposit the first installment of their Hajj dues by Saturday, Aug. 9, according to the ministry.

The second installment of Hajj dues will be collected starting in November this year, it said.

had approved a quota of 179,210 pilgrims for Pakistan this year as well, but a large portion of the private Hajj quota for 2025 remained unutilized due to delays by tour operators in meeting payment and registration deadlines, while the government fulfilled its full allocation of over 88,000 pilgrims.

Private operators attributed the shortfall to technical issues, including payment processing problems and communication breakdowns.


Pakistan stocks rise 3 percent on weekly basis outshining other asset classes

Pakistan stocks rise 3 percent on weekly basis outshining other asset classes
Updated 09 August 2025

Pakistan stocks rise 3 percent on weekly basis outshining other asset classes

Pakistan stocks rise 3 percent on weekly basis outshining other asset classes
  • The market this week crossed the 140,000-point mark
  • The average daily traded volume was 653 million shares

KARACHI: The Pakistan Stock Exchange (PSX) has seen an increase of 3.08 percent on a week-on-week basis, a Karachi-based market research firm said on Friday.

The market this week crossed the 140,000-point barrier and closed the weekend session at 145,382.79 points on Friday, according to the PSX website.

The average daily traded volume and value during the week stood at 653 million shares and Rs47 billion ($165 million), respectively.

“This gain can be largely be attributed to buying by mutual funds on inflow of funds as equities performance continue to outshine other asset classes,” Karachi-based Topline Securities said in its weekly review.

Pakistan trade deficit for July clocked in at $2.8 billion, up by 44 percent year on year, according to the report. The country recorded remittance inflows of $3.2 billion last month, down 6 percent month on month and up 7 percent year on year.

Foreign exchange reserves held by the central bank decreased by $72 million on a weekly basis to reach $14.2 billion as of August 1, the central bank reported on Thursday.