Russia, Syria to hold further talks on Russian military bases in Syria, TASS reports

Russia, Syria to hold further talks on Russian military bases in Syria, TASS reports
The Assad regime was overthrown in early December. (AFP)
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Updated 29 January 2025

Russia, Syria to hold further talks on Russian military bases in Syria, TASS reports

Russia, Syria to hold further talks on Russian military bases in Syria, TASS reports

DAMASCUS: Russia and Syria will hold further talks regarding Russian military bases in Syria, Russia’s news agencies reported late on Tuesday, citing Russian Deputy Foreign Minister Mikhail Bogdanov as telling journalists after his talks with Syrian officials.
“This issue requires additional negotiations,” TASS news agency cited Bogdanov as saying. Bogdanov is heading Russia’s delegation to Damascus for the first time since Moscow’s ally President Bashar Assad was toppled.
He added that so far there have been no changes to the presence of Russian military bases in the country.


Moody’s upgrade underscores Pakistan recovery, reforms fueling stability — central bank governor

Moody’s upgrade underscores Pakistan recovery, reforms fueling stability — central bank governor
Updated 59 sec ago

Moody’s upgrade underscores Pakistan recovery, reforms fueling stability — central bank governor

Moody’s upgrade underscores Pakistan recovery, reforms fueling stability — central bank governor
  • Rating agency lifted Pakistan’s sovereign credit score on Wednesday, citing stronger reserves and external stability
  • SBP governor says inflation has dropped to a historic low and reforms will support long-term growth

KARACHI: Pakistan’s central bank said on Thursday recent credit rating upgrades underscored the country’s improving macroeconomic outlook, as Governor Jameel Ahmad used an Independence Day address to stress economic resilience and reforms.

The remarks came a day after Moody’s Investors Service upgraded Pakistan’s sovereign rating, citing stronger foreign exchange reserves, a current account surplus and fiscal consolidation. Analysts said the move could ease access to global capital markets and attract investment as Pakistan looks to consolidate gains under its $7 billion IMF program approved in September 2024.

“International credit rating agencies have upgraded Pakistan’s ratings in recognition of recent measures which will help unlock foreign investment opportunities,” Ahmad said at the State Bank of Pakistan’s (SBP) flag-hoisting ceremony in Karachi.

Ahmad noted the dramatic improvement in inflation, which had soared to 38 percent in May 2023 before easing to 11.8 percent by May 2024 and reaching a record low of 3.2 percent in June 2025.

“Our monetary policy remains geared toward maintaining the hard-earned gains in price stability, while ensuring inflation remains within 5–7 percent,” he said, adding that this would help “unlock broader economic and business opportunities.”

The SBP has reduced its policy rate in seven steps from 22 percent to 11 percent since June 2024 in line with the improved outlook.

External accounts have also strengthened, with reserves nearly tripling to $14.5 billion by the end of FY25 from $4.4 billion two years earlier. Ahmad said the turnaround was achieved through a $2.1 billion current account surplus – the first in 14 years – and record remittances of $38.3 billion from overseas Pakistanis, without adding to external debt.

The governor also highlighted SBP’s digital push, including spinning off the Raast instant payment system into a separate subsidiary, easing account opening procedures and modernizing payment infrastructure to widen financial inclusion. He said such steps would particularly benefit women and small businesses.

Pakistan’s economic rebound follows two years of crisis, when the country averted default through IMF disbursements, painful reforms, and strict fiscal consolidation. The IMF has urged Pakistan to maintain exchange rate flexibility, broaden its tax base and strengthen the energy sector to lock in recent stability.


In Aug. 14 message, US says will explore cooperation with Pakistan on critical minerals, hydrocarbons

In Aug. 14 message, US says will explore cooperation with Pakistan on critical minerals, hydrocarbons
Updated 10 min 19 sec ago

In Aug. 14 message, US says will explore cooperation with Pakistan on critical minerals, hydrocarbons

In Aug. 14 message, US says will explore cooperation with Pakistan on critical minerals, hydrocarbons
  • Washington and Islamabad hailed a trade deal last month, which Pakistan said would result in lower tariffs, increased investment
  • Before President Donald Trump’s administration, Islamabad’s relationship with Washington had cooled in recent years

WASHINGTON: Secretary of State Marco Rubio said Washington looked forward to exploring cooperation with Pakistan on critical minerals and hydrocarbons, with his comments coming in a statement issued by the State Department on Pakistan’s Independence Day.

WHY IT’S IMPORTANT

Washington and Islamabad hailed a trade deal last month, which Pakistan said would result in lower tariffs and increased investment.
Pakistan’s Commerce Minister Jam Kamal has said Islamabad will offer US businesses opportunities to invest in mining projects primarily in the southwestern Balochistan province through joint ventures with local companies, providing concessions such as lease grants.
The province is home to key mining projects, including Reko Diq, run by mining firm Barrick Gold and believed to be one of the world’s largest gold and copper mines.

KEY QUOTES

“We look forward to exploring new areas of economic cooperation, including critical minerals and hydrocarbons, and fostering dynamic business partnerships,” Rubio said late on Wednesday.
“The United States deeply appreciates Pakistan’s engagement on counterterrorism and trade.”

CONTEXT

Before President Donald Trump’s administration, Islamabad’s relationship with Washington had cooled in recent years, as the US drew closer to Pakistan’s traditional adversary India to counter China’s rise, among other factors.
Washington also resented Islamabad over Afghanistan, especially under former President Joe Biden’s administration, which oversaw a chaotic withdrawal from Afghanistan and the takeover of the country by the Taliban insurgency that Washington accused Islamabad of backing. Pakistan denied the charge.
In recent months, Washington’s ties with Islamabad have improved. Trump took credit for a ceasefire between India and Pakistan after the Asian neighbors engaged in hostilities in May following an April attack in India-administered Kashmir.
Pakistan praised Trump while India maintained that New Delhi and Islamabad should resolve their issues directly without outside involvement.

COUNTERTERRORISM TALKS

The US and Pakistan held the latest round of counterterrorism talks in Islamabad on Tuesday. Washington has designated separatist militant group Balochistan Liberation Army as a “foreign terrorist organization.”
“The US-Pakistan counterterrorism dialogue joint statement is one of the most positive and effusive I’ve seen from these two countries on CT for quite a few years,” Michael Kugelman, a Washington-based South Asia analyst and writer for Foreign Policy magazine, said.


Chinese mountaineer killed on Pakistan’s K2

Chinese mountaineer killed on Pakistan’s K2
Updated 14 min 3 sec ago

Chinese mountaineer killed on Pakistan’s K2

Chinese mountaineer killed on Pakistan’s K2
  • Guan Jing was descending from summit of K2 on Tuesday night when she was hit by falling rocks
  • This season, four deaths have been reported, including two on K2, one on Nanga Parbat, one on Laila Peak

KHAPLU, Pakistan: A Chinese mountaineer died while descending the world’s second-highest peak, with Pakistani rescuers waiting on Thursday for weather conditions to improve to recover her body.

Guan Jing was descending from the summit of K2 on Tuesday night when she was hit by falling rocks, Deputy Commissioner for Shigar district Arif Ahmad told AFP.

“An army aviation team is ready for the recovery of the body and is waiting for better weather conditions,” he said.

According to the Alpine Club of Pakistan, which monitors local climbing expeditions, Guan is the fourth casualty of the country’s summer climbing season.

Guan was among 30 climbers who reached the summit of K2 on Monday before beginning her fatal descent.

“The incident occurred on the Abruzzi Spur route between Camp I and Advanced Base Camp — a section notorious for frequent rockfalls,” the Alpine Club said.

At 8,611 meters (28,251 feet), K2 on the Pakistan-China border sits 238 meters shy of world-topping Himalayan giant Everest but is considered more technically challenging.

Home to five of the world’s 14 mountains above 8,000 meters, Pakistan typically welcomes an influx of summer climbers from early June until late August.

This season, four deaths have been reported, including two on K2, one on Nanga Parbat and one on the lesser-known Laila Peak in the Karakoram range where German Olympic biathlete Laura Dahlmeier died after being hit by falling rocks last month.


Water shortages plague Beirut as low rainfall compounds woes

Water shortages plague Beirut as low rainfall compounds woes
Updated 25 min 21 sec ago

Water shortages plague Beirut as low rainfall compounds woes

Water shortages plague Beirut as low rainfall compounds woes
  • People are buying water by the truckload in Beirut as the state supply faces its worst shortages in years, with the leaky public sector struggling after record-low rainfall and local wells running dry

BEIRUT: People are buying water by the truckload in Beirut as the state supply faces its worst shortages in years, with the leaky public sector struggling after record-low rainfall and local wells running dry.
“State water used to come every other day, now it’s every three days,” said Rima Al-Sabaa, 50, rinsing dishes carefully in Burj Al-Baranjeh, in Beirut’s southern suburbs.
Even when the state water is flowing, she noted, very little trickles into her family’s holding tank.
Once that runs out, they have to buy trucked-in water — pumped from private springs and wells — but it costs more than $5 for 1,000 liters and lasts just a few days, and its brackishness makes everything rust.
In some areas, the price can be twice as high.
Like many Lebanese people, Sabaa, who works assisting the elderly, relies on bottled water for drinking. But in a country grappling with a yearslong economic crisis and still reeling from a recent war between Israel and Hezbollah, the costs add up.
“Where am I supposed to get the money from?” she asked.
Water shortages have long been the norm for much of Lebanon, which acknowledges only around half the population “has regular and sufficient access to public water services.”
Surface storage options such as dams are inadequate, according to the country’s national water strategy, while half the state supply is considered “non-revenue water” — lost to leakage and illegal connections.
This year, low rainfall has made matters even worse.
Mohamad Kanj from the meteorological department told AFP that rainfall for 2024-2025 “is the worst in the 80 years” on record in Lebanon.
Climate change is set to exacerbate the county’s water stress, according to the national strategy, while a World Bank statement this year said “climate change may halve (Lebanon’s) dry-season water by 2040.”
Energy and Water Minister Joseph Saddi said last week that “the situation is very difficult.”
The shortages are felt unevenly across greater Beirut, where tanks clutter rooftops, water trucks clog roads and most people on the ramshackle state grid lack meters.
Last month, the government launched a campaign encouraging water conservation, showing dried or depleted springs and lakes around the country.
North of the capital, levels were low in parts of the Dbayeh pumping station that should have been gushing with water.
“I’ve been here for 33 years and this is the worst crisis we’ve had for the amount of water we’re receiving and can pump” to Beirut, said the station’s Zouhair Azzi.
Antoine Zoghbi from the Beirut and Mount Lebanon Water Establishment said water rationing in Beirut usually started in October or November, after summer and before the winter rainy season.
But this year it has started months early “because we lack 50 percent of the amount of water” required at some springs, he told AFP last month.
Rationing began at some wells in June, he said, to reduce the risk of overuse and seawater intrusion.
Zoghbi emphasized the need for additional storage, including dams.
In January, the World Bank approved more than $250 million in funding to improve water services for greater Beirut and its surroundings.
In 2020, it canceled a loan for a dam south of the capital after environmentalists said it could destroy a biodiversity-rich valley.
In south Beirut, pensioner Abu Ali Nasreddine, 66, said he had not received state water for many months.
“Where they’re sending it, nobody knows,” he said, lamenting that the cost of trucked-in water had also risen.
His building used to get water from a local well but it dried up, he added, checking his rooftop tank.
Bilal Salhab, 45, who delivers water on a small, rusted truck, said demand had soared, with families placing orders multiple times a week.
“The water crisis is very bad,” he said, adding he was struggling to fill his truck because wells had dried up or become salty.
In some areas of greater Beirut, wells have long supplemented or even supplanted the state network.
But many have become depleted or degraded, wrecking pipes and leaving residents with salty, discolored water.
Nadim Farajalla, chief sustainability officer at the Lebanese American University, said Beirut had ballooned in size and population since the start of the 1975-1990 civil war but water infrastructure had failed to keep up.
Many people drilled wells illegally, including at depths that tap into Lebanon’s strategic groundwater reserves, he said, adding that “nobody really knows how many wells there are.”
“Coastal aquifers are suffering from seawater intrusion, because we are pumping much more than what’s being recharged,” Farajalla told AFP.
As the current shortages bite, rationing and awareness campaigns should have begun earlier, he said, because “we all knew that the surface snow cover and rainfall” were far below average.


Three killed, over 100 injured in Independence Day celebratory gunfire in Karachi

Three killed, over 100 injured in Independence Day celebratory gunfire in Karachi
Updated 33 min 46 sec ago

Three killed, over 100 injured in Independence Day celebratory gunfire in Karachi

Three killed, over 100 injured in Independence Day celebratory gunfire in Karachi
  • Victims included a child, a 70-year-old man and another adult, according to hospital data
  • Aerial firing is common during public celebrations in Pakistan but often causes deadly accidents

KARACHI: Three people were killed and 119 injured in Karachi when celebratory aerial firing broke out as Pakistan marked its Independence Day, a senior health official said on Thursday.

Firing guns into the air during weddings, festivals and national holidays is a long-standing practice in Pakistan, but one that regularly results in injuries and deaths when stray bullets strike bystanders. Police typically ban the practice, yet enforcement remains weak in the country’s largest city of more than 20 million people.

“Three people were killed and 119 injured in celebratory aerial firing on August 14 in Karachi,” Karachi Police Surgeon Dr. Summaya Syed said in a statement, citing hospital reports.

According to official data, casualties were reported from multiple hospitals: 42 injured at Abbasi Shaheed Hospital, 26 at Civil Hospital Karachi/SMBB Institute of Trauma, and 41 cases at Jinnah Postgraduate Medical Center. 

Those killed included a minor girl in Azizabad, a 70-year-old man in Kalri, and a 35-year-old man in Qur’angi.

Karachi, Pakistan’s financial hub and most populous city, frequently sees such incidents during national holidays. Rights groups and doctors have repeatedly called for stronger enforcement against aerial firing, noting that most victims are innocent bystanders, including children.