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	<title>Pakistan economy &#8211; The Milli Chronicle</title>
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	<title>Pakistan economy &#8211; The Milli Chronicle</title>
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	<item>
		<title>Islamabad Lockdown for US-Iran Talks Disrupts Livelihoods, Fuels Public Frustration</title>
		<link>https://millichronicle.com/2026/04/65662.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Thu, 23 Apr 2026 02:17:21 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[civil service exams]]></category>
		<category><![CDATA[daily wage workers]]></category>
		<category><![CDATA[economic impact Pakistan]]></category>
		<category><![CDATA[energy crisis]]></category>
		<category><![CDATA[fuel shortage]]></category>
		<category><![CDATA[gas crisis]]></category>
		<category><![CDATA[geopolitical tensions]]></category>
		<category><![CDATA[government policy]]></category>
		<category><![CDATA[hostel eviction]]></category>
		<category><![CDATA[informal sector workers]]></category>
		<category><![CDATA[Islamabad lockdown]]></category>
		<category><![CDATA[labour crisis]]></category>
		<category><![CDATA[Lahore exams]]></category>
		<category><![CDATA[Middle East conflict]]></category>
		<category><![CDATA[Pakistan economy]]></category>
		<category><![CDATA[Pakistan Institute of Medical Sciences]]></category>
		<category><![CDATA[power outages]]></category>
		<category><![CDATA[public frustration]]></category>
		<category><![CDATA[public transport closure]]></category>
		<category><![CDATA[Rawalpindi]]></category>
		<category><![CDATA[security restrictions]]></category>
		<category><![CDATA[Strait of Hormuz]]></category>
		<category><![CDATA[urban disruption]]></category>
		<category><![CDATA[US Iran talks]]></category>
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					<description><![CDATA[“A lockdown means no work and no work means no food,” said a labourer in Islamabad, reflecting growing anger over]]></description>
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<p><em>“A lockdown means no work and no work means no food,” said a labourer in Islamabad, reflecting growing anger over prolonged restrictions.</em></p>



<p>Large parts of Islamabad have been effectively shut down under sweeping security measures imposed ahead of expected US-Iran talks, leaving residents cut off from work, transport and essential services as uncertainty persists over whether the negotiations will take place.</p>



<p>Public transport has been suspended, offices closed and workers instructed to operate from home where possible. Streets in the capital remain largely empty, with movement restricted and security personnel from the army and police deployed across key routes. </p>



<p>For many residents, the situation has drawn comparisons with restrictions imposed during the COVID-19 pandemic, though officials say the current measures are linked to security preparations for high-level diplomatic engagements.</p>



<p>The restrictions have also extended to neighboring Rawalpindi, intensifying disruption across the twin cities that form a major administrative and economic hub. While authorities have framed the measures as necessary to ensure safety for visiting delegations, delays and uncertainty surrounding the talks have heightened public frustration.</p>



<p>Workers living in temporary accommodations have been among the hardest hit. Following a government directive, many hostel residents were required to vacate their rooms on short notice, forcing thousands to seek alternative arrangements. Some returned to their hometowns, while others relied on friends or colleagues for temporary shelter.</p>



<p>Areej Akthar, a health officer at the Pakistan Institute of Medical Sciences, said the sudden eviction created confusion and distress. She was able to travel back to her village, approximately three hours away, but said many others lacked similar options. According to her account, workers from distant regions struggled to find accommodation as they waited for clarity on when restrictions might be lifted.</p>



<p>With public transport suspended, many displaced workers have been unable to return to their jobs. Akthar described the situation as restrictive, noting that those dependent on shared housing could not afford alternative arrangements.</p>



<p> The uncertainty surrounding the duration of the lockdown has compounded concerns, particularly for those in lower-income groups.Economic pressures have intensified as the restrictions intersect with broader regional developments. </p>



<p>Since late February, escalating tensions involving the United States, Israel and Iran have disrupted global energy markets. Iran’s closure of the Strait of Hormuz, a critical route for oil and gas shipments, has contributed to supply shortages affecting countries including Pakistan.</p>



<p>In Islamabad, fuel shortages have led to power outages lasting several hours daily, while limited availability of cooking gas has forced many restaurants to shut down. Businesses that had managed to continue operations amid the energy constraints have now been closed due to the security lockdown, further reducing economic activity.</p>



<p>Transport workers have also reported sharp declines in income. Taxi drivers in the capital said their earnings have dropped by about half as movement restrictions reduced demand. Daily wage earners have been particularly vulnerable, with many unable to work for several consecutive days.</p>



<p>Muhammad Zubair, a labourer in Islamabad, said the loss of income had immediate consequences for his household. Speaking from a roadside location, he questioned the benefits of hosting high-level diplomatic talks when basic economic needs remain unmet. He said that without work, he could not provide food for his family, reflecting concerns widely shared among informal sector workers.</p>



<p>The disruption has extended beyond employment to education and administrative processes. Authorities have relocated civil service examinations for more than 1,200 candidates to Lahore, approximately 370 kilometers from the capital. Candidates expressed concern over the additional financial burden and logistical challenges associated with travel.</p>



<p>Yasir Mushtaq, one of the candidates, said he would need to borrow money to attend the examination. He also highlighted the difficulties faced by female candidates, noting that some may be unable to travel without family accompaniment and could therefore miss the opportunity to sit for the exams.</p>



<p>Officials have acknowledged the scale of disruption, with one senior figure describing the situation as a nationwide slowdown linked to external geopolitical developments. The official said the country appeared to be in a holding pattern, awaiting decisions from Washington and Tehran regarding the proposed negotiations.</p>



<p>Despite the extensive preparations, uncertainty remains over whether the talks will proceed as planned. In the absence of a confirmed timeline, residents continue to face restrictions with no clear indication of when normal activity will resume.The prolonged lockdown has raised questions about the balance between security requirements and economic sustainability. </p>



<p>While authorities have not publicly indicated a timeline for lifting restrictions, the ongoing disruption is likely to deepen challenges for vulnerable populations already affected by rising energy costs and reduced economic opportunities.</p>
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		<title>IMF clears path for $1.2 billion Pakistan tranche amid inflation risks</title>
		<link>https://millichronicle.com/2026/03/64205.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Sat, 28 Mar 2026 09:35:27 +0000</pubDate>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Latest]]></category>
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		<category><![CDATA[central bank]]></category>
		<category><![CDATA[debt management]]></category>
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		<category><![CDATA[extended fund facility]]></category>
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		<category><![CDATA[financial assistance]]></category>
		<category><![CDATA[fiscal stability]]></category>
		<category><![CDATA[global energy prices]]></category>
		<category><![CDATA[imf]]></category>
		<category><![CDATA[inflation risks]]></category>
		<category><![CDATA[loan program]]></category>
		<category><![CDATA[macroeconomic stability]]></category>
		<category><![CDATA[monetary policy]]></category>
		<category><![CDATA[Pakistan economy]]></category>
		<category><![CDATA[policy rate]]></category>
		<category><![CDATA[resilience and sustainability facility]]></category>
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		<category><![CDATA[staff level agreement]]></category>
		<guid isPermaLink="false">https://millichronicle.com/?p=64205</guid>

					<description><![CDATA[Washington– The International Monetary Fund and Pakistan have reached a staff-level agreement on a loan program review, paving the way]]></description>
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<p><strong>Washington</strong>– The International Monetary Fund and Pakistan have reached a staff-level agreement on a loan program review, paving the way for a $1.2 billion disbursement as the country navigates inflation pressures and external vulnerabilities, the lender said on Friday.</p>



<p>The agreed, subject to approval by the IMF’s executive board, would release about $1 billion under the Extended Fund Facility and an additional $210 million under the Resilience and Sustainability Facility, bringing total disbursements under the current program to $4.5 billion.</p>



<p>Under the broader $7 billion program, the Washington-based lender has urged Islamabad to maintain a tight and data-dependent monetary policy stance to anchor inflation expectations and reinforce foreign exchange buffers.</p>



<p>The IMF’s guidance comes as global energy prices rise and regional geopolitical tensions add uncertainty to Pakistan’s inflation outlook, particularly given its reliance on imports.</p>



<p>Pakistan’s central bank has held its benchmark policy rate steady at 10.5% this month, pausing an easing cycle as authorities weigh the risks of renewed price pressures against the need to support economic stability.</p>



<p>The staff-level agreement marks a critical procedural step in unlocking further funding, which analysts say remains essential for sustaining macroeconomic stability and meeting external financing needs.</p>
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		<title>Fuel shock dims Eid earnings for Pakistan’s gig riders</title>
		<link>https://millichronicle.com/2026/03/63738.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Thu, 19 Mar 2026 10:47:50 +0000</pubDate>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Latest]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[cost of living]]></category>
		<category><![CDATA[delivery workers]]></category>
		<category><![CDATA[earnings decline]]></category>
		<category><![CDATA[economic strain]]></category>
		<category><![CDATA[Eid al-Fitr]]></category>
		<category><![CDATA[foodpanda]]></category>
		<category><![CDATA[fuel inflation]]></category>
		<category><![CDATA[fuel prices]]></category>
		<category><![CDATA[gig economy]]></category>
		<category><![CDATA[inflation Pakistan]]></category>
		<category><![CDATA[Iran war impact]]></category>
		<category><![CDATA[Karachi riders]]></category>
		<category><![CDATA[labour conditions]]></category>
		<category><![CDATA[minimum wage Pakistan]]></category>
		<category><![CDATA[oil supply shock]]></category>
		<category><![CDATA[Pakistan economy]]></category>
		<category><![CDATA[petrol crisis]]></category>
		<category><![CDATA[ramadan]]></category>
		<category><![CDATA[ride hailing]]></category>
		<category><![CDATA[South Asia economy]]></category>
		<category><![CDATA[urban workers]]></category>
		<guid isPermaLink="false">https://millichronicle.com/?p=63738</guid>

					<description><![CDATA[Karachi &#8211; Delivery riders in Karachi say they are working longer hours ahead of Eid al-Fitr but earning less, as]]></description>
										<content:encoded><![CDATA[
<p><strong>Karachi</strong> &#8211; Delivery riders in Karachi say they are working longer hours ahead of Eid al-Fitr but earning less, as surging fuel prices linked to the U.S.-Israeli war on Iran squeeze incomes during what is typically their busiest season.</p>



<p>A 23-year-old rider, Mohammad Mohsin, said his daily earnings have fallen from around 1,500 rupees ($5.38) to about 1,100 rupees as petrol prices climbed above 320 rupees per litre. “Before it was all mine. Now, a huge sum goes into petrol,” he said.</p>



<p>The spike in fuel prices is hitting low-paid urban workers particularly hard, with many riders struggling to cover basic expenses, let alone seasonal spending associated with Eid. Reuters spoke to more than half a dozen riders across Karachi, all of whom said higher petrol costs had significantly reduced their take-home earnings.</p>



<p>The squeeze comes despite increased demand for deliveries during Ramadan evenings and the Eid period, when food orders typically surge.</p>



<p>Pakistan’s inflation rate, which peaked at 38% in 2023, has eased but remains elevated at around 7%, continuing to push up the cost of food, rent and utilities. Many gig workers earn below the monthly minimum wage of 32,000 rupees ($114.67), with no fixed salaries or employment benefits.</p>



<p>Riders said the combined impact of inflation and fuel costs has eroded their purchasing power, forcing them to prioritise essentials over customary holiday spending.</p>



<p>Companies reliant on gig workers, including foodpanda, say they are adjusting pricing and taking steps to support rider earnings.</p>



<p> However, workers say these measures have not kept pace with rising costs, leaving them to compensate by spending more hours on the road.</p>



<p>Austerity measures, school closures and increased work-from-home practices have also reduced ride-hailing demand, cutting into incomes even as delivery volumes rise.</p>



<p>“We cannot afford clothes or shoes,” said Hizbullah, a 26-year-old delivery rider, reflecting a broader sentiment among workers that a typically festive period has become financially strained.</p>



<p></p>
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		<title>OPINION: Pakistan’s Double Game on Afghanistan, Iran, and Palestine Has Hit a Dead End</title>
		<link>https://millichronicle.com/2025/10/57137.html</link>
		
		<dc:creator><![CDATA[Omer Waziri]]></dc:creator>
		<pubDate>Thu, 09 Oct 2025 09:40:42 +0000</pubDate>
				<category><![CDATA[Opinion]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[afghan refugees]]></category>
		<category><![CDATA[Afghan Taliban]]></category>
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		<category><![CDATA[Al Arabiya English]]></category>
		<category><![CDATA[American Jewish Congress]]></category>
		<category><![CDATA[amnesty international]]></category>
		<category><![CDATA[Asim Munir]]></category>
		<category><![CDATA[CENTCOM]]></category>
		<category><![CDATA[Daniel Rosen]]></category>
		<category><![CDATA[donald trump]]></category>
		<category><![CDATA[Durand Line]]></category>
		<category><![CDATA[economic collapse]]></category>
		<category><![CDATA[energy sector]]></category>
		<category><![CDATA[Faiz Hameed]]></category>
		<category><![CDATA[FDI]]></category>
		<category><![CDATA[foreign direct investment]]></category>
		<category><![CDATA[gaza]]></category>
		<category><![CDATA[hybrid regime]]></category>
		<category><![CDATA[IFRP]]></category>
		<category><![CDATA[Illegal Foreigners Repatriation Plan]]></category>
		<category><![CDATA[Iran nuclear strikes]]></category>
		<category><![CDATA[Islamabad diplomacy]]></category>
		<category><![CDATA[Khawaja Asif]]></category>
		<category><![CDATA[Khost]]></category>
		<category><![CDATA[Kunar]]></category>
		<category><![CDATA[Mari Gas]]></category>
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		<category><![CDATA[Nobel Peace Prize 2026]]></category>
		<category><![CDATA[oil and gas crisis]]></category>
		<category><![CDATA[oil and gas exploration]]></category>
		<category><![CDATA[Omar Ayub Khan]]></category>
		<category><![CDATA[pakistan]]></category>
		<category><![CDATA[Pakistan Afghanistan relations]]></category>
		<category><![CDATA[Pakistan airstrikes]]></category>
		<category><![CDATA[Pakistan betrayal]]></category>
		<category><![CDATA[Pakistan credibility crisis]]></category>
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		<category><![CDATA[Pakistan foreign policy failure]]></category>
		<category><![CDATA[Pakistan human rights]]></category>
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		<category><![CDATA[Pakistan international image]]></category>
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		<category><![CDATA[Pakistan isolation]]></category>
		<category><![CDATA[Pakistan Israel relations]]></category>
		<category><![CDATA[Pakistan politics]]></category>
		<category><![CDATA[Pakistan rule of law]]></category>
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		<category><![CDATA[Pakistani military]]></category>
		<category><![CDATA[Paktika]]></category>
		<category><![CDATA[palestine]]></category>
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		<category><![CDATA[strategic depth]]></category>
		<category><![CDATA[Taliban takeover]]></category>
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		<guid isPermaLink="false">https://millichronicle.com/?p=57137</guid>

					<description><![CDATA[This duality—preaching unity while practicing duplicity—has become Pakistan’s diplomatic hallmark. When the Taliban stormed into Kabul in August 2021, Pakistan’s]]></description>
										<content:encoded><![CDATA[<div class="wp-block-post-author"><div class="wp-block-post-author__avatar"><img alt='' src='https://secure.gravatar.com/avatar/08a21201948b2f1f414085441e07ed04?s=48&#038;d=mm&#038;r=g' srcset='https://secure.gravatar.com/avatar/08a21201948b2f1f414085441e07ed04?s=96&#038;d=mm&#038;r=g 2x' class='avatar avatar-48 photo' height='48' width='48' loading='lazy' decoding='async'/></div><div class="wp-block-post-author__content"><p class="wp-block-post-author__name">Omer Waziri</p></div></div>


<blockquote class="wp-block-quote">
<p>This duality—preaching unity while practicing duplicity—has become Pakistan’s diplomatic hallmark.</p>
</blockquote>



<p>When the Taliban stormed into Kabul in August 2021, Pakistan’s powerful intelligence chief, Lt. Gen. Faiz Hameed, appeared at the Serena Hotel and assured journalists, “Everything will be okay.” </p>



<p>His confident smile captured Islamabad’s belief that decades of strategic maneuvering had finally paid off. Pakistan, long accused of nurturing the Taliban, assumed it would now wield decisive influence over its western neighbor.</p>



<p>Four years later, those hopes have turned to ashes. The Taliban’s rise, once hailed in Islamabad as a geopolitical triumph, has become a source of profound insecurity and humiliation. </p>



<p>The Tehrik-i-Taliban Pakistan (TTP), emboldened by its ideological kin in Kabul, has unleashed a deadly insurgency across Pakistan’s tribal belt. Hundreds of Pakistani soldiers have been killed in cross-border raids. The Taliban, despite Pakistan’s past support, has refused to curb the TTP.</p>



<p>The so-called “strategic depth” has instead exposed Pakistan’s strategic shallowness. A state that once boasted of controlling its proxies now finds itself hostage to them. The illusion of regional mastery has dissolved into a grim reality: Pakistan is isolated, insecure, and rapidly losing credibility.</p>



<p><strong>Weaponizing Refugees</strong></p>



<p>Having failed to tame the Taliban, Pakistan turned its frustration toward Afghan civilians. In October 2023, Islamabad launched the Illegal Foreigners Repatriation Plan (IFRP), targeting nearly 1.7 million undocumented Afghans. For decades, Afghan refugees had lived, worked, and raised families in Pakistan. Suddenly, they became scapegoats for Islamabad’s security failures.</p>



<p>By mid-2025, more than 600,000 Afghans had been deported in what international observers described as one of South Asia’s largest forced repatriations in decades. Amnesty International and Human Rights Watch chronicled chilling stories of police harassment, arbitrary detentions, and family separations.</p>



<p>Pakistan justified the campaign as a counterterrorism measure, accusing Afghan refugees of harboring TTP militants. But analysts saw it differently: an act of political retribution against the Taliban regime. Kabul condemned the deportations as a breach of international law and accused Islamabad of deepening Afghanistan’s humanitarian catastrophe.</p>



<p>This was more than just a border dispute—it was a symptom of Pakistan’s broader malaise. A state that once prided itself on being a refuge for the oppressed had turned into a place of fear and hostility. The moral cost of Islamabad’s Afghan policy was now unmistakable.</p>



<p><strong>Airstrikes and Escalation</strong></p>



<p>Pakistan’s response extended beyond deportations. Under the guise of pursuing TTP sanctuaries, it began conducting airstrikes inside Afghan territory.</p>



<p>In April 2022, bombings in Khost and Kunar killed 47 civilians, mostly women and children. Similar attacks followed in March and December 2024, targeting Paktika and Khost. In January 2025, fresh strikes were launched along the volatile Durand Line. Over a hundred civilians have died since 2021, according to regional monitors.</p>



<p>Each operation fuelled anger and anti-Pakistan protests across Afghanistan. The Taliban government condemned the attacks as violations of sovereignty, accusing Pakistan of hiding its failures behind a counterterrorism narrative.</p>



<p>By 2025, Pakistan’s western frontier was once again aflame—only this time, without American troops to share the blame. The Afghan war that Islamabad once believed it had outsourced had come home, exacting both human and diplomatic costs.</p>



<p><strong>Diplomacy as Deception</strong></p>



<p>The crisis reached a symbolic peak in September 2025, when Islamabad hosted the “Towards Unity and Trust” conference under the South Asian Strategic Stability Institute. </p>



<p>Despite the event’s conciliatory title, the Taliban government was conspicuously excluded. Instead, the gathering featured anti-Taliban activists and politicians, turning what was billed as a dialogue into an exercise in diplomatic provocation.</p>



<p>Just days later, Defense Minister Khawaja Asif labeled Afghanistan an “enemy state”—a stunning reversal from Pakistan’s earlier rhetoric of “brotherhood.”</p>



<p>This diplomatic whiplash mirrors a deeper inconsistency at the heart of Pakistan’s foreign policy. It speaks of a nation perpetually caught between ambition and insecurity, between Islamic solidarity and realpolitik.</p>



<p>Even its domestic realities now echo this hypocrisy.</p>



<p>In early October 2025, a story broke that underscored how deeply investor confidence has eroded under the current administration. Out of 23 oil and gas exploration blocks offered for bidding, no local or foreign bids were received for 22. The only bid came from Mari Gas, and even that was for a small block with negligible output.</p>



<p><a href="https://x.com/Jhagra/status/1974720235090645492?t=vJlEQK2x27HvGzsFJUglMg&amp;s=19">Taimur Saleem Khan Jhagra</a>, Pakistan’s opposition leader, wrote “investors know this is an illegitimate govt,” saying no company—foreign or domestic—was willing to invest in a country “without rule of law.” He accused the government of driving away foreign direct investment through arbitrary governance, economic mismanagement, and political repression.</p>



<p>This episode is emblematic of Pakistan’s larger credibility crisis. When even domestic energy firms shy away from state-backed ventures, the problem is not market dynamics—it is a collapse of trust. The same lack of accountability that defines Pakistan’s regional duplicity now poisons its economic foundations.</p>



<p><strong>The Iran Paradox and the Palestine Hypocrisy</strong></p>



<p>Pakistan’s double-dealing extends far beyond its Afghan misadventure.</p>



<p>In June 2025, Islamabad publicly condemned U.S. airstrikes on Iran’s nuclear facilities, declaring solidarity with Tehran. Yet, only days earlier, Army Chief Gen. Asim Munir had met privately with Donald Trump, reportedly discussing “regional stability.” In a surreal twist, Pakistan went on to nominate Trump for the 2026 Nobel Peace Prize, effectively undercutting its supposed alignment with Iran.</p>



<p>This duality—preaching unity while practicing duplicity—has become Pakistan’s diplomatic hallmark.</p>



<p>The same contradictions stain its stance on Palestine. While Pakistani leaders have long professed unwavering support for the Palestinian cause, history tells another story. During Black September 1970, Brigadier Zia ul-Haq, later Pakistan’s military ruler, helped Jordan crush the Palestine Liberation Organization, a massacre that claimed thousands of lives.</p>



<p>In July 2025, Pakistan awarded the Nishan-e-Imtiaz to U.S. CENTCOM Commander Gen. Michael Kurilla, despite his role in coordinating American military support for Israel during its Gaza operations. </p>



<p>At the UN General Assembly’s 80th session, Prime Minister Shehbaz Sharif met Daniel Rosen, head of the American Jewish Congress, signaling a quiet but unmistakable outreach to pro-Israel circles.</p>



<p>For a country that brands itself the guardian of Muslim causes, the hypocrisy is striking. From Amman to Gaza, Pakistan’s leaders have consistently traded principle for expediency.</p>



<p><strong>A Consistent Inconsistency</strong></p>



<p>Across every theater—Afghanistan, Iran, Palestine, and even its own energy sector—a single pattern emerges: Pakistan’s promises collapse under the weight of its own contradictions.</p>



<p>It seeks influence in Kabul but alienates Afghans through bombings and deportations. It pledges brotherhood with Tehran while courting Washington. It proclaims solidarity with Palestine while decorating America’s military commanders. And now, it claims to welcome foreign investment while creating an environment so lawless that even local companies refuse to bid.</p>



<p>In the end, Pakistan’s gravest betrayal is not of its neighbors, but of itself. The erosion of credibility abroad mirrors the decay of governance at home. As investors flee, allies distance themselves, and insurgents advance, the message is clear: a nation that manipulates every alliance eventually stands alone.</p>



<p>For decades, Pakistan’s generals and politicians have built policies on the illusion of control. The Afghan gamble was meant to cement regional influence; instead, it has exposed a state adrift, distrusted by friends and foes alike.</p>



<p>The “everything will be okay” optimism of 2021 now rings hollow. For Pakistan, everything is decidedly not okay—and the world, finally, has stopped believing its promises.</p>



<blockquote class="wp-block-quote">
<p>Disclaimer: Views expressed by writers in this section are their own and do not reflect Milli Chronicle’s point-of-view.</p>
</blockquote>
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		<title>Pakistan PM Sharif Heads to Ankara to Boost Pakistan-Türkiye Ties</title>
		<link>https://millichronicle.com/2025/04/pakistan-pm-sharif-heads-to-ankara-to-boost-pakistan-turkiye-ties.html</link>
		
		<dc:creator><![CDATA[Millichronicle]]></dc:creator>
		<pubDate>Tue, 22 Apr 2025 12:29:05 +0000</pubDate>
				<category><![CDATA[Asia]]></category>
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		<category><![CDATA[economic cooperation]]></category>
		<category><![CDATA[Foreign Policy]]></category>
		<category><![CDATA[High-Level Strategic Cooperation Council]]></category>
		<category><![CDATA[islamabad]]></category>
		<category><![CDATA[Pakistan economy]]></category>
		<category><![CDATA[Pakistan exports]]></category>
		<category><![CDATA[Pakistan Türkiye relations]]></category>
		<category><![CDATA[Preferential Trade Agreement]]></category>
		<category><![CDATA[Recep Tayyip Erdoğan]]></category>
		<category><![CDATA[regional diplomacy]]></category>
		<category><![CDATA[regional issues]]></category>
		<category><![CDATA[Shehbaz Sharif]]></category>
		<category><![CDATA[strategic partnership]]></category>
		<category><![CDATA[trade agreement]]></category>
		<category><![CDATA[Turkish-Pakistani relations]]></category>
		<category><![CDATA[Türkiye economy]]></category>
		<category><![CDATA[Türkiye exports]]></category>
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					<description><![CDATA[Islamabad — Pakistani Prime Minister Shehbaz Sharif is set to arrive in Ankara on Tuesday for a high-level visit aimed]]></description>
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<p><strong>Islamabad —</strong> Pakistani Prime Minister Shehbaz Sharif is set to arrive in Ankara on Tuesday for a high-level visit aimed at deepening cooperation with Türkiye. During his trip, PM Sharif will meet with Turkish President Recep Tayyip Erdoğan to discuss a wide range of topics, from strengthening bilateral relations to addressing pressing regional and global issues.</p>



<p>According to Pakistan’s Foreign Office, &#8220;The Prime Minister will hold extensive discussions with President Erdogan on bilateral relations and exchange views on recent regional developments.&#8221; The meeting is seen as part of ongoing efforts to elevate the already strong bond between the two nations.</p>



<p>The two leaders last met during the 7th session of the High-Level Strategic Cooperation Council (HLSCC), held in Islamabad on February 12-13, 2025. This leadership-level forum plays a crucial role in shaping the strategic direction of the Pakistan-Türkiye partnership.</p>



<p>One key area of focus is economic collaboration. The two countries signed a Preferential Trade Agreement (PTA) in August 2022, which grants tariff concessions on select goods. Both sides are now working towards a more ambitious goal—raising bilateral trade to $5 billion and potentially advancing toward a Free Trade Agreement (FTA).</p>



<p>In 2023, Pakistan exported goods worth $352.1 million to Türkiye, while importing $250.8 million in return. Key Turkish exports included lead, meat, and artworks, while Pakistan shipped explosives, zinc, meat, and fur skins to its ally.</p>



<p>Though trade volumes are still modest compared to each country’s broader economic landscape, the ongoing dialogue and cooperation signal a strong intent to grow this important relationship.</p>



<p>As PM Sharif meets President Erdoğan in Ankara, all eyes will be on the outcomes that could shape the future of Pakistan-Türkiye relations in the years to come.</p>
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