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Apr 16, 2015

Chinese president to visit Pakistan, hammer out $46-billion deal

ISLAMABAD, April 16 (Reuters) – Chinese President Xi Jinping
will launch energy and infrastructure projects worth $46 billion
on a visit to Pakistan next week as China cements links with its
old ally and generates opportunities for firms hit by slack
growth at home.

Also being finalised is a long-discussed plan to sell
Pakistan eight Chinese submarines. The deal, worth between $4
billion and $5 billion, according to media reports, may be among
those signed on the trip.

Apr 11, 2015

Pakistan to raise more than $1 billion via Habib Bank sale

KARACHI, Pakistan, April 11 (Reuters) – Pakistan will raise
more than $1 billion by selling its entire stake in Habib Bank
Limited, a government official said Saturday, a deal that will
be the country’s biggest privatisation so far.

The government will sell its 42.5 percent stake in
Pakistan’s biggest bank at 168 rupees (about $1.68) per share
after a successful book-building exercise last week, Mohammad
Zubair, the chairman of the Privatisation Commission, said.

Apr 9, 2015

Iran minister meets Pakistan military chief amid Yemen dilemma

ISLAMABAD (Reuters) – Iranian Foreign Minister Mohammad Javad Zarif met Pakistan’s powerful military chief Thursday, as the Pakistan government wrestled with a dilemma over how to respond to a request from Saudi Arabia for Pakistani troops to fight in Yemen.

Zarif was winding up a two-day trip during which he was expected to urge Pakistan to reject the Saudi request for troops, planes and naval support for a Saudi-led coalition against Iran-allied Houthi fighters in Yemen.

Apr 8, 2015

Pakistan and U.S. close in on $1 billion helicopter, weapons deal

ISLAMABAD (Reuters) – Pakistan and the United States moved closer to a billion dollar defense deal this week, after U.S. authorities notified Congress of a proposal to supply helicopters and missiles to sharpen up Pakistan’s counter-terrorism efforts.

U.S. ally Pakistan, a nuclear-armed nation of 180 million people, is fighting a Taliban insurgency in its northwest, a separatist insurgency along its Iranian border in the west, and has a heavily militarized and disputed border with arch rival India in the east.

Apr 8, 2015

Iran’s foreign minister due in Pakistan to discuss Yemen

ISLAMABAD, April 8 (Reuters) – Iranian Foreign Minister
Mohammad Javad Zarif was due in Pakistan on Wednesday and is
likely to urge it to reject a request to join a Saudi-led
campaign against Iran-allied Houthi forces in Yemen.

Pakistani Prime Minister Nawaz Sharif called on Tuesday for
Iran to get involved in talks on security in Yemen as parliament
debated whether Pakistan should join the Saudi-led operation.

Apr 6, 2015

Pakistan’s government hopes for $1 billion from bank stock offer

ISLAMABAD, April 6 (Reuters) – Pakistan’s government hopes
to raise up to a billion dollars by selling off its shares in
the country’s biggest and oldest bank and will begin gauging
investment interest this week, the Finance Ministry said on
Monday.

The government owns 42.5 percent of Habib Bank Limited, and
another 51 percent is owned by the Agha Khan Fund for Economic
Development. Only 7.5 percent of shares are currently traded on
the open market.

Apr 6, 2015

Saudi request for help in Yemen puts Pakistan PM Sharif in a bind

ISLAMABAD (Reuters) – Pakistan’s parliament begins debating a Saudi plea for military help in Yemen on Monday, a request that pits Prime Minister Nawaz Sharif’s staunch Saudi allies against a war-weary Pakistani public.

Since Saudi Arabia, the Gulf’s main Sunni Muslim power, asked Sunni-majority Pakistan to join a Saudi-led military coalition that began conducting air strikes last month against largely Shi’ite Houthi forces in Yemen, Sharif has hedged his bets.

Apr 6, 2015

Saudi request for help in Yemen puts Pakistani PM in a bind

ISLAMABAD (Reuters) – Pakistan’s parliament begins debating a Saudi plea for military help in Yemen on Monday, a request that pits Prime Minister Nawaz Sharif’s staunch Saudi allies against a war-weary Pakistani public.

Since Saudi Arabia, the Gulf’s main Sunni Muslim power, asked Sunni-majority Pakistan to join a Saudi-led military coalition that began conducting air strikes last month against largely Shi’ite Houthi forces in Yemen, Sharif has hedged his bets.

Apr 2, 2015

New Pakistani military courts sentence six to death

ISLAMABAD (Reuters) – Pakistan’s new military courts have sentenced six men to death for involvement in terrorism and a seventh to life imprisonment, the military spokesman said on Thursday.

“Army Chief confirms death sentence of 6 hard core terrorists tried by the recently established military courts,” Major General Asim Bajwa said in a message on Twitter.

Mar 25, 2015

Insight – Worries grow as new courts hand Pakistan army more power

RAWALPINDI, Pakistan (Reuters) – Weeks after Taliban gunmen massacred 134 pupils at an army-run school, Pakistani lawmakers significantly expanded the power of military courts by allowing them to try civilians accused of terrorism.

Critics say the new rules cede too much ground to the military, which towers over Pakistani politics despite the first ever handover of power from one civilian government to another two years ago.

    • About Katharine

      "Katharine Houreld has lived in Liberia, Nigeria and Kenya and spent nine years reporting from Africa before joining Reuters as the Afghanistan/Pakistan correspondent in 2012."
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