OIC’s COMSTECH invites Gaza universities’ presidents to Islamabad to explore academic continuity

The picture shows the exterior view of COMSTECH building in Islamabad, Pakistan, on February 15, 2024. (COMSTECH/File)
The picture shows the exterior view of COMSTECH building in Islamabad, Pakistan, on February 15, 2024. (COMSTECH/File)
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Updated 20 July 2025

OIC’s COMSTECH invites Gaza universities’ presidents to Islamabad to explore academic continuity

OIC’s COMSTECH invites Gaza universities’ presidents to Islamabad to explore academic continuity
  • Gaza universities’ officials stress immediate need for virtual learning platforms, remote laboratory facilities for Palestinians
  • COMSTECH, Pakistani private universities have launched program to provide 5,000 scholarships for Palestinian students 

ISLAMABAAD: The Organization of Islamic Cooperation’s (OIC) COMSTECH Coordinator General Dr. Iqbal Choudhary on Sunday invited the presidents of major Gaza universities to Islamabad, hoping their visit would lead to solutions for academic continuity in the war-torn area. 

The OIC’s Standing Committee on Scientific and Technological Cooperation (COMSTECH) has facilitated Palestinian students in securing higher education amid Israel’s military offensive in Gaza. Israeli strikes in Gaza have killed at least 57,000 people and destroyed hundreds of schools since October 2023, dealing a major blow to the education sector in the area. 

Choudhary held a high-level virtual meeting with the presidents of all major universities in Gaza to coordinate a “collective humanitarian and academic response” to the war’s impact on higher education sector in the region, the OIC body said in its press release. 

“During the meeting, the Coordinator General extended a formal invitation to Gaza’s university presidents currently outside the region to visit Islamabad,” the statement said.

“The visit aims to foster direct dialogue with key stakeholders and explore collaborative solutions to sustain academic continuity under these extraordinary circumstances.”

Choudhary conveyed his deep concern for the people of Palestine, particularly academics, students, and researchers as Israel’s war rages on. 

“The suffering of the people of Gaza is unbearable, yet their resilience is inspiring,” Choudhary was quoted as saying by COMSTECH. 

During the meeting, the university representatives gave a presentation highlighting key proposals to facilitate medical training for displaced students, capacity-building for health professionals, access to scientific publishing, and supporting research on the psychological impact of war, COMSTECH said.

“Participants also emphasized the immediate need for virtual learning platforms and remote laboratory facilities as many university campuses have been destroyed,” the statement added. 

COMSTECH, in collaboration with the Association of Private Sector Universities of Pakistan (APSUP) and member universities of the COMSTECH Consortium of Excellence, initiated a program in 2021 offering 500 fully funded scholarships and fellowships to Palestinian students.

This number was increased to 5,000 scholarships in 2023. Many Palestinian students have already arrived in Pakistan under this program and are pursuing full-degree programs, while efforts are underway to bring more students to the country.


Trump says was ‘honored’ by Pakistan army chief’s praise for averting India war

Trump says was ‘honored’ by Pakistan army chief’s praise for averting India war
Updated 15 sec ago

Trump says was ‘honored’ by Pakistan army chief’s praise for averting India war

Trump says was ‘honored’ by Pakistan army chief’s praise for averting India war
  • President recalls Asim Munir’s remarks crediting him with saving “millions of lives” during May conflict
  • Comments follow Pakistani visit focused on trade, security and regional stability

ISLAMABAD: US President Donald Trump said on Tuesday he was “honored” that Pakistan’s powerful army chief, Field Marshal Asim Munir, credited him with “saving millions and millions of lives” by preventing a war between Pakistan and India from escalating during a military standoff in May 2025.

Trump’s remarks referred to the most serious confrontation between the two nuclear-armed neighbors in years, which erupted earlier this year and brought them close to full-scale conflict before US-led diplomacy helped defuse tensions.

The president made the comments following a visit to Washington earlier this month by Prime Minister Shehbaz Sharif and Field Marshal Munir — Pakistan’s first civilian-military delegation to the White House in six years — for high-level talks on trade, counterterrorism cooperation and regional security.

“The prime minister of Pakistan [Shehbaz Sharif] was here [US] along with the Field Marshal [General Asim Munir], who’s a very important guy in Pakistan, and he was here three days ago,” Trump said as he addressed a gathering of American military leaders. 

He said Munir, speaking to a group that included two generals, credited him with preventing a potentially catastrophic conflict with India from escalating, telling those present that Trump had “saved millions of lives because he saved the war from going on.”

“That was a bad war, and I was very honored,” Trump added. “I loved the way he said it.”

The visit by Sharif and Munir followed months of behind-the-scenes diplomatic engagement as Islamabad and Washington seek to recalibrate ties that have been strained in recent years over Afghanistan, counterterrorism policy and Pakistan’s deepening partnership with China.

The May crisis, triggered by escalating violence in disputed Kashmir and border skirmishes, underscored the volatility of South Asia’s security environment. 

Analysts say Trump’s remarks highlight how central Pakistan’s military remains to Washington’s regional strategy, and how his administration is framing its role in preventing renewed conflict between the two nuclear-armed neighbors.


Landslide kills two, injures three in northern Pakistan’s Abbottabad district

Landslide kills two, injures three in northern Pakistan’s Abbottabad district
Updated 30 September 2025

Landslide kills two, injures three in northern Pakistan’s Abbottabad district

Landslide kills two, injures three in northern Pakistan’s Abbottabad district
  • Slope collapse hit Havelian town amid ongoing monsoon season, rescue service says
  • Landslides frequently strike Pakistan’s hilly regions during heavy seasonal rains

PESHAWAR: A landslide killed at least two people and injured three others in Pakistan’s northwestern Khyber Pakhtunkhwa province on Tuesday, rescue officials said, as authorities warned of continued slope collapses during the monsoon season.

The incident took place in Havelian town in Abbottabad district, according to Rescue 1122, which said emergency teams had transported the victims to a nearby hospital.

“Two people died on the spot and three were injured in the landslide,” the agency said in a statement. “The bodies of the deceased and the injured are being shifted to Civil Hospital Havelian.”

Rescue services said the cause of the landslide had not yet been determined.

Landslides are a recurring hazard in Pakistan’s mountainous regions, particularly in Khyber Pakhtunkhwa, Gilgit-Baltistan and Azad Kashmir, where heavy monsoon rains, deforestation and fragile soil conditions often trigger slope failures.

In July, more than eight vehicles were swept away when heavy rains caused a landslide on a highway in Gilgit-Baltistan’s Diamer district, damaging bridges, a hotel and a school and knocking out communications. Tourist buses were stranded on roadsides as families waited for food and evacuation.

This year’s monsoon season has killed at least 1,006 people and injured 1,063 since June 26, according to the National Disaster Management Authority. 

Pakistan, which produces less than 1 percent of global greenhouse gas emissions, has suffered disproportionately from extreme weather in recent years. In 2022, torrential monsoon rains killed more than 1,700 people and caused over $30 billion in damage.
 


Pakistan’s ABHI joins Mastercard global program as MENAP expansion gathers pace

Pakistan’s ABHI joins Mastercard global program as MENAP expansion gathers pace
Updated 30 September 2025

Pakistan’s ABHI joins Mastercard global program as MENAP expansion gathers pace

Pakistan’s ABHI joins Mastercard global program as MENAP expansion gathers pace
  • Karachi-based fintech chosen for Mastercard’s Start Path initiative to scale small business solutions
  • Selection marks latest milestone in ABHI’s MENAP expansion as it grows credit and payroll services

KARACHI: Pakistani fintech ABHI has been selected as one of only eight companies worldwide to join Mastercard’s Start Path Small Business program, a global initiative aimed at scaling innovative digital solutions for small and medium enterprises (SMEs), the company said on Tuesday. 

The selection marks a significant milestone in ABHI’s expansion strategy across the Middle East, North Africa and Pakistan (MENAP) region, where financial inclusion remains a pressing challenge. 

Founded in 2021, ABHI provides credit-bridging tools such as Earned Wage Access (EWA), invoice factoring, payroll solutions and SME financing, and now operates across Pakistan, the UAE, and Oman. Since its launch, the company says it has served more than 1 million users in sectors ranging from textiles and manufacturing to health care and technology, onboarded over 5,000 businesses and processed around 5 million transactions worth more than $500 million.

“As part of the program, ABHI will have the opportunity to collaborate with Mastercard’s product and innovation teams, receive mentorship, and gain access to Mastercard’s extensive network of partners to accelerate the impact of its solutions for businesses and employees across emerging markets,” the company said in a statement. 

Alongside ABHI, the latest Mastercard program cohort includes INI, SiFi, TogoAgro, TurnKey Lender, Conduiit, Tracflo, and Morado.

Omair Ansari, ABHI’s co-founder and CEO, said outdated financial infrastructure and poor access to credit had long constrained individuals and businesses in emerging markets, adding that his goal was to develop financial technology that gives people instant access to the resources they need to grow and succeed.

Pakistan, with a population of 240 million, is home to one of the world’s largest unbanked populations. Around 64 percent of adults have a bank account, according to the State Bank of Pakistan, which has set a target to raise that figure to 75 percent and cut the gender gap to 25 percent by 2028.

Recently, the fintech has also deepened its presence in Gulf markets.

Earlier this month, ABHI announced a partnership with ’s TRAY platform to integrate EWA services into restaurants, cafés and cloud kitchens across the Kingdom, a move aligned with Vision 2030 goals on workforce empowerment and SME growth. 

It also secured a $15 million credit facility in 2024 from UAE-based investors Shorooq Partners and Amplify Growth Partnership to expand its services in the Emirates.


Pakistan weighs troop deployment for Gaza peace force under Trump plan

Pakistan weighs troop deployment for Gaza peace force under Trump plan
Updated 30 September 2025

Pakistan weighs troop deployment for Gaza peace force under Trump plan

Pakistan weighs troop deployment for Gaza peace force under Trump plan
  • Deputy PM Ishaq Dar says decision will follow Indonesia’s pledge to send 20,000 troops for Gaza mission
  • Says five Muslim nations believe Hamas will support 20-point agreement backed by eight countries

ISLAMABAD: Pakistan’s Deputy Prime Minister Ishaq Dar said on Tuesday the country’s leadership would decide whether to contribute troops to a special peacekeeping force in Gaza proposed under US President Donald Trump’s peace plan, adding that Palestinian law enforcement agencies would operate on the ground alongside the multinational contingent.

Foreign ministers of eight Muslim countries — Pakistan, , the UAE, Indonesia, Turkiye, Qatar, Egypt and Jordan — have backed Trump’s 20-point Gaza peace plan, pledging constructive engagement with Washington and all parties to finalize and implement the agreement. 

The plan calls for a ceasefire, an exchange of hostages and prisoners, a staged Israeli withdrawal, Hamas disarmament and Gaza’s reconstruction with international support.

Trump discussed the proposal with Muslim leaders during a meeting in New York on the sidelines of the United Nations General Assembly’s 80th session last week. 

“Gaza peace plan envisaged deploying a peace force in Palestine,” Dar said during a media briefing. 

“Pakistani leadership will decide on sending troops for the special peacekeeping force in Gaza, as Indonesia has announced the deployment of 20,000 troops for the purpose.”

Dar said Pakistan had urged that any such arrangement be documented at the United Nations, clarifying that it would be distinct from a UN peacekeeping mission and would constitute a special force dedicated solely to Gaza.

“The force would ensure external security, while internal law and order would be managed by Palestinian police and agencies,” he added.

The deputy prime minister said Muslim countries, along with the Palestinian Authority, had welcomed the Gaza peace plan, saying it envisioned an independent Palestinian government of technocrats in Gaza.

“It will be overseen by an international body, largely comprising Palestinians,” he added.

Responding to a question about whether Hamas would accept the deal, Dar said five countries believed the group would support the plan, particularly the one hosting its talks.

“We should trust their assurances,” he said.

Dar also emphasized that Pakistan had made no direct deal with Israel.

“We dealt with the United States and the United States dealt with Israel,” he said.

Reading from the joint statement issued by the eight Muslim countries, Dar said they had affirmed their readiness to engage “positively and constructively” with the United States and other parties to finalize the agreement and ensure its implementation in a way that guarantees peace, security and stability for the region’s peoples.

He said that alongside attending the UN General Assembly, Pakistan’s delegation had worked with like-minded nations to end the conflict in Gaza. The meeting with Trump and other Muslim leaders, Dar said, aimed to secure a ceasefire, ensure unhindered humanitarian aid, halt the forced displacement of Palestinians, facilitate the return of displaced persons, plan Gaza’s reconstruction and stop Israel’s attempts to annex the West Bank.

“The US president then proposed his team would work with the foreign ministers of the eight participating Muslim countries to devise a workable solution,” Dar said, adding that after receiving the 20-point plan document from Washington, the foreign ministers held several consultative meetings to provide their input, which was later submitted to the US side.

Dar said the joint statement by the eight countries welcoming the peace plan had been prepared in close consultation, led by the Saudi foreign minister, with Pakistan’s proposed changes incorporated into the final draft.


IMF likely to cut Pakistan growth forecast after $1.3 billion flood damage - economists 

IMF likely to cut Pakistan growth forecast after $1.3 billion flood damage - economists 
Updated 19 min 5 sec ago

IMF likely to cut Pakistan growth forecast after $1.3 billion flood damage - economists 

IMF likely to cut Pakistan growth forecast after $1.3 billion flood damage - economists 
  • IMF mission is currently in Pakistan for loan reviews under $7 billion EFF and $1.4 billion RSF
  • Government estimates monsoon floods have caused $1.3 billion in damages to Punjab alone

KARACHI: The International Monetary Fund (IMF) is likely to lower its growth estimates for Pakistan’s economy after concluding its ongoing performance review under the $7 billion Extended Fund Facility (EFF) and $1.4 billion Resilience and Sustainability Facility (RSF), economic experts said Tuesday.

The IMF in April’s World Economic Outlook projected Pakistan’s gross domestic product (GDP) to increase by 3.6 percent. It also forecast consumer prices to rise 7.7 percent, the current account deficit to remain at 0.4 percent and unemployment to stand at 7.5 percent in the ongoing financial year.

“The revision [by the IMF] can be expected given the initial assessments on Pakistan’s flood damages,” Sana Tawfik, head of research at Arif Habib Ltd, told Arab News. “There are losses to crops and the livestock.”

However, she refused to share how much the IMF might revise its assessment.

Mahir Binici, IMF’s resident representative to Pakistan, did not respond to questions seeking his comments.

An IMF mission led by its chief Iva Petrova is currently in Pakistan for its review under the EFF and RSF as the South Asian nation assesses the damage from recent floods that killed more than 1,000 people during this year’s monsoon.

The deluge also destroyed homes and farmland across thousands of acres.

If Pakistan clears the end-June 2025 review and meets the agreed policy benchmarks, it will qualify for about $1 billion under the EFF and more than $100 million from the RSF.

“Pakistan’s GDP growth for FY26 is now projected at around 3.2 percent, revised down from our earlier estimate of 3.46 percent, reflecting the impact of recent floods,” said Tawfik, sharing the economic projections of her organization.

“While official damage assessments suggest limited overall losses, the State Bank of Pakistan (SBP) in its latest monetary policy statement noted that floods have dampened the growth outlook,” she added.

Pakistan’s government has also cut its FY26 GDP growth target to 3.9 percent from an earlier 4.2 percent, citing monsoon floods that caused an estimated $1.3 billion in damage, according to a preliminary assessment seen by Arab News.

However, the current figures reflect losses only from Punjab province, with evaluations in Sindh and other regions still underway.

“Given that the review discussions and assessment of the recent floods are still going on, we may see this projection slightly revising downwards in the near future,” Amreen Soorani, head of research at Al Meezan Investment Management Ltd., told Arab News.

Asked how much of a cut she expects from the IMF after the reviews, she said it “will depend on the conclusion of the flood impact assessment.”

Muhammad Waqas Ghani, head of research at JS Global Capital Ltd., said he expected 3.2 percent growth this year.

He agreed the IMF was likely to make “a slight downward revision” in its projections for Pakistan.

“While it is early to assess the impact, Pakistan, being an agrarian country, with direct agriculture contribution to GDP of around 22 percent, could reach a vulnerable position in the aftermath of these floods,” he continued.

The repercussions, Ghani added, may include increased imports, weaker exports and higher inflation.

Pakistan’s finance ministry backed Ghani’s assessment on Tuesday, saying flood-related disruptions may put pressure on food supply chains and push up consumer prices.

“Inflation is expected to rise temporarily but remain contained within the 3.5-4.5 percent range in September 2025,” the ministry said in its monthly economic report.

However, it asserted that economic activity had been “broadly stable” despite the floods.

“The rebound in large-scale manufacturing, supported by encouraging trends in cement dispatches, automobile production and allied industries, indicates strengthening industrial momentum in the months ahead,” the report said, forecasting a “stable” external sector and a “manageable” current account deficit despite stronger import demand.

“Remittances continue to provide strong support, exports are showing early signs of recovery and declining global commodity prices may help ease the import bill,” it added.

Tawfik remained optimistic about Pakistan’s next Rabi crop, which she said looked “stronger” due to expectations of improved post-flood yields.

Meanwhile, Ghani warned of fiscal strain ahead.

“The situation may also put pressure on the fiscal side if the government opts to impose a surcharge or additional tax to cover relief efforts, rehabilitation expenses or potential subsidies for the affected segments,” he added.