IMF, Pakistan reach staff-level deal unlocking $1.2 billion under loan, climate programs

IMF, Pakistan reach staff-level deal unlocking $1.2 billion under loan, climate programs
A man stands near a logo of IMF at the International Monetary Fund — World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, on October 12, 2018. (REUTERS/File)
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Updated 11 min 45 sec ago

IMF, Pakistan reach staff-level deal unlocking $1.2 billion under loan, climate programs

IMF, Pakistan reach staff-level deal unlocking $1.2 billion under loan, climate programs
  • IMF mission says Pakistan’s recovery “remains on track” but warns recent floods threaten outlook
  • Agreement awaits board approval, total disbursements under both facilities to reach $3.3 billion

KARACHI: The International Monetary Fund (IMF) said on Tuesday it had reached a staff-level agreement with Pakistan for the second review of its 37-month Extended Fund Facility (EFF) and the first review of a 28-month Resilience and Sustainability Facility (RSF), a step that could unlock about $1.2 billion once approved by the Fund’s Executive Board.

Pakistan secured a $7 billion bailout from the IMF in September 2024 after months of negotiations to stabilize its struggling economy, rebuild reserves and attract foreign investment. The program, divided between the EFF for macroeconomic reforms and the RSF for climate resilience, came after record inflation and devastating floods pushed millions into poverty.

Since then, the IMF says implementation has remained strong, with fiscal and monetary tightening restoring a measure of stability. The current-account balance recorded a surplus for the first time in 14 years, inflation has eased and external buffers have improved.

“Supported by the EFF, Pakistan’s economic program is entrenching macroeconomic stability and rebuilding market confidence,” said Iva Petrova, who led the IMF mission.

“The recovery remains on track, with the FY25 current account recording a surplus — the first in 14 years — the fiscal primary balance surpassing the program target, inflation remaining contained, external buffers strengthening, and financial conditions improving.”

The Fund said the Pakistani authorities had reaffirmed their commitment to the reform agenda, including sustaining a fiscal surplus of 1.6 percent of GDP in FY26, tightening monetary policy to keep inflation within the State Bank’s 5–7 percent target range, and continuing structural changes to restore the energy sector’s viability and prevent circular-debt accumulation.

However, the IMF warned that recent floods, which have affected about 7 million people and caused more than 1,000 deaths, had darkened Pakistan’s outlook, particularly for agriculture, and could drag FY26 growth down to around 3.3–3.5 percent.

“The floods underscore Pakistan’s high vulnerability to natural disasters and substantial climate-related risks, and the continuing need to build climate resilience,” Petrova said.

The IMF also noted progress on climate and governance reforms under the RSF, including steps to promote green mobility, improve disaster-risk financing and strengthen water-system resilience.


From grease stains to gallery walls: Karachi mechanic’s journey into surrealism

From grease stains to gallery walls: Karachi mechanic’s journey into surrealism
Updated 1 min 59 sec ago

From grease stains to gallery walls: Karachi mechanic’s journey into surrealism

From grease stains to gallery walls: Karachi mechanic’s journey into surrealism
  • Chance encounter with painter Shahid Rassam turned young mechanic’s hidden sketches into beginning of professional art career
  • Once repairing engines, Behzad Ahmed Warsi now paints surreal visions of war and emotion displayed in galleries worldwide

KARACHI: The air inside a Liaquatabad mechanic’s shop on a January evening in 2016 was thick with the smell of oil and gasoline. Amid the clang of wrenches and the growl of engines, a young worker, Behzad Ahmed Warsi, wiped grease from his hands, slipped into a quiet corner, pulled out a scrap of paper and began to draw.

That day, fate rolled in on four wheels. A car broke down near the shop, and behind the wheel was Shahid Rassam, a prominent Pakistani Canadian painter, sculptor and principal of an art school in Karachi. 

While waiting for repairs, Rassam noticed the boy sketching.

“I saw a boy who wiped off oil and then went to sit in a corner, picked up a piece of paper, and started sketching on it,” Rassam recalled.

That fleeting scene, a moment of creativity in the midst of grease and noise, would alter the young mechanic’s life.

Rassam, who had long wanted to help artists from working-class backgrounds, called Warsi over.

“I asked, ‘Do you like drawing pictures?’ and he said, ‘Yes,’” Rassam said. 

“This thought always remained in my heart to do something for those boys and girls who come from this area and from the middle class, who have no opportunity, who can’t even afford to buy a piece of paper or a pencil.”

He invited Warsi to his studio, marking the beginning of a transformative mentorship.

“From the end of 2016 onwards, I started working with him [Rassam],” Warsi, now 32, said. “That was when I saw and understood what professional art is, how it’s developed and what the whole process looks like.”

The only child of his parents, Warsi had been taking odd jobs to support his family. Seeing his determination, Rassam spoke to his parents.

“I spoke to his parents and got him to stop working at the mechanic shop,” Rassam said. “I told them, ‘Whatever little I can do, I will do it, because he has a passion for art.’”

He asked just one thing in return.

“Can you work hard day and night? It’s okay if there are no resources, that’s not a problem, but God has given you talent, and if you work hard, you can achieve a lot,” Rassam told him.

Warsi kept his word. He earned a scholarship at the Arts Council of Pakistan, Karachi, and completed a four-year diploma in 2022 with distinction, becoming a professional artist.

Today, Warsi’s hands are “dirty with colors,” as he puts it, not with oil. His chosen medium is oil paint, and his passion is surrealism.

“In this style, the imagery is realistic, but the paintings are based on symbolic elements,” he said. “The overall effect is dreamlike, it carries the feel of a dream.”

Much of his work explores the psychological and human dimensions of conflict.

“My topic is related to war,” he said. “The [Gaza] war that is going on these days, so in that, I show the shemagh [scarf] in such a way as if it’s very powerful or I show some kind of scenario.”

Animals, often crows, horses, or doves, also appear frequently in his paintings, representing “emotions” or “nations,” alongside fragmented human forms.

“Through drawings as well I am saying something,” he said.

His canvases now hang in exhibitions across Pakistan and abroad.

“I’ve participated in exhibitions held here in Pakistan, in Karachi, Lahore, Islamabad, and other cities,” he said. “In fact, some of my paintings have also made their way abroad to countries like Qatar, UAE, Canada, and India.”

Rassam says his student’s rise has been remarkable.

“This shows that a boy who didn’t even have sandals or bus fare, now, by the grace of God, he drives a car, his paintings sell, exhibitions are being held in different cities of Pakistan, and among the rising artists, he is at the very top.”

Now teaching at the Arts Council, Warsi spends long nights in his studio, painting the dreams that once hid behind grease-stained hands.

“If that day I hadn’t met Sir, or if he hadn’t passed by, then at that time, the grease that used to make my hands dirty, today, they wouldn’t be dirty in colors,” he said, smiling.

“Even if my hands still get dirty, they get dirty with colors,” he laughed, “and with those, I am making a painting and working for exhibitions.”


Pakistani politician re-dedicates conflict-themed novella to Gaza’s children as ex-foreign minister warns over ceasefire

Pakistani politician re-dedicates conflict-themed novella to Gaza’s children as ex-foreign minister warns over ceasefire
Updated 31 min 17 sec ago

Pakistani politician re-dedicates conflict-themed novella to Gaza’s children as ex-foreign minister warns over ceasefire

Pakistani politician re-dedicates conflict-themed novella to Gaza’s children as ex-foreign minister warns over ceasefire
  • Former Senate chairman Mian Raza Rabbani says Gaza’s suffering has surpassed the fictional horrors in his 2020 book
  • Ex-foreign minister Bilawal Bhutto-Zardari calls Gaza war “history’s first live-streamed genocide” and urges vigilance over ceasefire

KARACHI: Pakistani politician and author Mian Raza Rabbani on Tuesday launched a rededicated edition of his 2020 novella The Smile Snatchers, dedicating it to the children of Gaza.

According to Gaza health authorities, at least 20,000 children have been killed since Israel launched its military operation in Gaza in October 2023.

On Tuesday, Rabbani, a senior leader of the Pakistan Peoples Party (PPP) and former chairman of the Senate, relaunched his book, saying the violence in Gaza had outstripped even the darkest fictional realities he once imagined in his writing.

“This book, which I wrote in 2020, and which was about the suffering of children in conflict areas, and in which I wrote some stories as fiction, stories that were related to Palestine, today, what we see unfolding in reality goes far beyond what I had written,” he said.

The Smile Snatchers follows the story of Zaheer, a struggling artist haunted by visions of suffering children from around the world. Through his art, he seeks to preserve their lost innocence, a metaphor Rabbani said resonates even more deeply today.

The author said he had intended to write a new work but was emotionally paralyzed by the scale of the devastation.

“My heart wanted to write something else, but neither my pen nor my mind supported me,” he said. 

“But then a thought crossed my mind… I decided that it would be appropriate to rededicate this book to the children of Gaza who have suffered genocide and apartheid at the hands of the Zionist occupying state.”

BHUTTO-ZARDARI WARNS AGAINST ‘BETRAYAL’ OF GAZA CEASEFIRE

Pakistan’s former foreign minister and PPP chairman Bilawal Bhutto-Zardari, who attended the launch of the book, praised Rabbani’s rededication as “a fitting tribute” amid what he called “history’s first live-streamed genocide.”

“I would also like to thank Raza Rabbani Sahib for thinking, especially at this time and in these days, of dedicating the book to the children of Gaza,” he said. “Like most of the world, every Pakistani stands in full solidarity with the Muslims of Gaza and Palestine.”

Bhutto-Zardari welcomed the newly announced ceasefire in Gaza but warned that Israel’s history of violations warranted caution.

“While the whole world welcomed the declaration of a ceasefire… history has shown us that if any country has violated ceasefires the most, it is this Zionist regime,” he said. 

“So, while we welcome this ceasefire and hope it will continue, the entire Muslim Ummah will be watching this closely to ensure the ceasefire is not broken.”

The PPP chairman added that the war had targeted not only civilians but professionals on the front lines of humanitarian work.

“This genocide has not only claimed children, it has also been a genocide of journalists. It has been a genocide of doctors and nurses as well,” he said.

Bhutto-Zardari also referred to Pakistan’s participation in recent diplomatic engagements in Egypt, where Prime Minister Shehbaz Sharif attended the ceasefire ceremony at the invitation of US President Donald Trump.

“There is a restlessness, a doubt, a danger, a fear about how we can be sure that there won’t be some betrayal of this agreement,” he said.

 


Pakistan elected to UN Human Rights Council for three-year term

Pakistan elected to UN Human Rights Council for three-year term
Updated 15 October 2025

Pakistan elected to UN Human Rights Council for three-year term

Pakistan elected to UN Human Rights Council for three-year term
  • Pakistan won the seat with 178 votes for a three-year term starting next year
  • Islamabad says it plans to raise rights issues in both Palestine and Kashmir

ISLAMABAD: Pakistan was elected to the United Nations Human Rights Council (HRC) on Tuesday for a three-year term beginning Jan. 1, 2026, after securing 178 votes in the UN General Assembly, the foreign office said.

The council, an intergovernmental body of 47 member states, is the UN’s top platform for addressing human rights issues globally and responding to violations requiring urgent international attention.

“During its term as a member of the HRC, Pakistan will actively engage with the broader UN membership and civil society to advance all facets of human rights,” the foreign office said. “This includes civil, political, economic, social, and cultural rights, alongside the right to development.”

“Pakistan will also lend its full support to the HRC’s mandate, ensuring the promotion and protection of human rights grounded in the principles of universality, objectivity, transparency, and non-selectivity,” it added,

The election marks the sixth time Pakistan has won a seat on the Geneva-based body since its establishment in 2006, a development Islamabad described as evidence of the international community’s confidence in its “constructive role” and commitment to global human rights dialogue.

The foreign office said Pakistan had always played the role of a consensus-builder within the council while making “persistent efforts” to strengthen the international human rights system.

It added the country would continue to raise human rights concerns in territories under foreign occupation, including Indian-administered Jammu and Kashmir and the Occupied Palestinian Territory.


Pakistan briefs envoys on Afghan border clashes, vows to defend sovereignty

Pakistan briefs envoys on Afghan border clashes, vows to defend sovereignty
Updated 14 October 2025

Pakistan briefs envoys on Afghan border clashes, vows to defend sovereignty

Pakistan briefs envoys on Afghan border clashes, vows to defend sovereignty
  • Islamabad has long accused Afghanistan of allowing cross-border militants attacks
  • Last week, Pakistan military vowed to do ‘whatever is necessary’ to defend its borders

ISLAMABAD: A leading Pakistani diplomat briefed foreign envoys in Islamabad on the recent escalation of hostilities along the Pakistan-Afghanistan border, highlighting the country’s “legitimate security concerns” and its resolve to protect its territorial integrity, the foreign office said in a statement on Tuesday.

The fighting began late Saturday when Afghan forces struck multiple Pakistani military posts. Kabul claimed to have killed 58 Pakistani soldiers in response to what it described as repeated violations of Afghan territory and airspace. Pakistan’s military gave different figures, saying it lost 23 soldiers and killed more than 200 “Taliban and affiliated terrorists” during retaliatory fire along the frontier.

Foreign Secretary Ambassador Amna Baloch gave a comprehensive briefing to resident ambassadors in Islamabad on the recent developments along the Pak-Afghan border, according to an official statement.

“She underscored Pakistan’s legitimate security concerns and its unwavering resolve to protect its territorial integrity and national security,” the Foreign Office said.

Pakistan has long accused Afghanistan of allowing militants affiliated with the Tehreek-e-Taliban Pakistan (TTP) and theBaloch Liberation Army (BLA) to use its soil to launch attacks against Pakistani civilians and security forces.

Kabul denies the allegations, blaming Islamabad for failing to manage its internal security.

Last week, Pakistan’s military vowed to do “whatever is necessary” to defend its borders after Kabul accused Islamabad of violating Afghan airspace and bombing a border town.

The recent border clashes have also disrupted bilateral trade between the two countries, leaving thousands of traders stranded and goods worth millions of dollars stuck at key crossings.

Foreign governments, including , China and Russia, have expressed concern over the fighting and urged both sides to exercise restraint as an informal ceasefire appeared to be holding.


Pakistan court orders KP speaker to swear in new chief minister if governor fails

Pakistan court orders KP speaker to swear in new chief minister if governor fails
Updated 14 October 2025

Pakistan court orders KP speaker to swear in new chief minister if governor fails

Pakistan court orders KP speaker to swear in new chief minister if governor fails
  • Court gives Governor Kundi until 4 p.m. Wednesday to administer oath to CM-elect Sohail Afridi
  • Afridi’s election took place amid uncertainty after Kundi’s refusal to accept ex-CM’s resignation

ISLAMABAD: A Pakistani high court on Tuesday directed Khyber Pakhtunkhwa (KP) Assembly Speaker Babar Saleem Swati to administer the oath of office to Chief Minister-elect Sohail Khan Afridi if Governor Faisal Karim Kundi fails to do so by 4 p.m. on Oct. 15.

The development comes after incarcerated former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party petitioned the Peshawar High Court (PHC) on Monday to nominate Swati or another person to administer the oath after Afridi secured a majority in the provincial assembly.

Afridi’s election took place amid uncertainty triggered by Kundi’s refusal to accept outgoing Chief Minister Ali Amin Gandapur’s resignation, which was submitted twice — on Oct. 8 and Oct. 11 — over discrepancies in his signatures.

However, the governor’s refusal to accept Gandapur’s resignation was widely viewed as political rather than procedural, aimed at stalling PTI’s smooth transition of power in the province. Kundi belongs to the Pakistan Peoples Party, which is part of the ruling coalition at the federal level, while PTI is the main opposition force at the center, with a great deal of bitterness between the two sides.

A single-judge bench headed by PHC Chief Justice S.M. Attique Shah issued the verdict on the matter after hearing the case on Tuesday.

“[I]n the event of failure of the worthy governor to administer the oath of office ... by 4 p.m. on Wednesday, Oct. 15, 2025, then, in exercise of the authority conferred in terms of Article 255(2) of the Constitution ... I, S.M. Attique Shah, CJ PHC, hereby nominate Babar Saleem Swati ... to administer the oath of office to the newly elected CM,” the chief justice said in his nine-page order.

Article 255(2) of Pakistan’s Constitution states that if a specific person is unable to administer the oath, it may be administered by another person duly nominated.

“Certainly, upon his failure to administer the oath to the newly elected chief minister within a reasonable time, it would be construed that such circumstances have arisen as to render the administering of oath to the newly elected chief minister impracticable in terms of Article 255(2) of the Constitution,” the order said.

“This forum further trusts that no impediment shall be caused in the administration of the oath, and that the process will be completed without any further delay,” it added.

Afridi was elected chief minister after Khan directed Gandapur to step down amid concerns over governance and the deteriorating security situation in KP, the province bordering Afghanistan that has faced frequent militant attacks by the Pakistani Taliban (TTP) and other groups in recent months.

Gandapur, who assumed office last year following the PTI party’s victory in the provincial elections, was regarded as one of Khan’s most loyal aides.

Afridi, a legislator from the Bara district, is expected to face major challenges, including rebuilding provincial finances and tackling cross-border militancy.