Saudi official rejects ‘baseless’ reports Pakistani Hajj pilgrims’ funds sent to wrong account

ISLAMABAD: Pakistan told the United Nations on Monday it had “credible evidence” that a deadly attack on a passenger train in its southwestern region last month was externally sponsored, as it called for stronger global efforts to hold perpetrators behind such incidents accountable.
The statement referred to the March hostage-taking on the Jaffer Express passenger train in Balochistan province, which lasted about 36 hours before security forces launched an operation that killed more than 30 militants from the separatist Baloch Liberation Army (BLA).
Pakistan’s decision to highlight the passenger train incident at the world body came at a time when tensions remain high in the region following the killing of 26 tourists in Indian-administered Kashmir last week, an attack India blamed on Pakistan, despite Islamabad’s categorical denial.
“Just last month, Pakistan suffered a heinous terrorist attack by the BLA on Jaffar Express passenger train, which included the taking of hostages in Pakistan’s Balochistan province, which resulted in the loss of at least 30 innocent Pakistani nationals,” Jawad Ajmal, Counsellor at Pakistan’s UN Mission, said at the launch of the Victims of Terrorism Association Network at the UN. “Pakistan has credible evidence that this attack had external sponsorship from our adversaries in the region.”
Ajmal stressed the international community must do more to support survivors of such militant attacks and the families of victims whose lives are permanently altered after such developments.
He urged a collective approach to prevent future attacks, emphasizing the need to hold militants and their backers accountable without political selectivity.
“If we are to chart a way forward for victims, we must look beyond narrow political interests and geopolitical agendas,” he said. “We must examine why, despite global strategies, terrorism threats continue to proliferate and give rise to an ever-increasing number of victims.”
Commenting on the recent attack in Pahalgam in Indian-administered Kashmir, Ajmal said Pakistan extended condolences to the families of the victims and wished a speedy recovery to the injured.
He noted that Pakistan joined other UN Security Council members in condemning the attack.
The Pakistani diplomat added that his country was one of the worst victims of militant violence over the past two decades and had lost more than 80,000 lives to it.
He paid tribute to the families of his country’s law enforcement and armed forces personnel who had made “countless sacrifices” to defend the nation.

KARACHI: The International Monetary Fund’s (IMF) Executive Board will meet on May 9 to review its staff-level agreement with Pakistan for an ongoing $7bn bailout program and a new climate resilience loan scheme with Islamabad, the global lender said on its website recently. 

The IMF reached a staff-level agreement with Pakistan in March on the first review of the country’s Extended Fund Facility (EFF) and a new $1.3 billion loan arrangement under the Resilience and Sustainability Facility (RSF). Pakistan secured the EFF program last year and deems it crucial to escape a prolonged economic crisis. The staff-level agreement, once approved by the IMF Executive Board, will pave the way for an immediate disbursement of about $1 billion for Pakistan.

The RSF, on the other hand, will support Pakistan’s efforts in building resilience to natural disasters, enhancing budget and investment planning to promote climate adaptation, improve the efficient and productive use of water. It will also help in strengthening Pakistan’s climate information architecture to improve the disclosure of climate risks and align energy sector reforms with mitigation targets.

“May 9, 2025, Pakistan-first review under the extended arrangement under the Extended Fund Facility, request for Modification of Performance Criteria, and request for an arrangement under the Resilience and Sustainability Facility,” the IMF wrote on its website on Friday, disclosing its Executive Board’s schedule. 

Pakistan has been prone to natural disasters and consistently ranks among the most severely affected countries in the world due to climate change effects. Unusually heavy rains and melting of glaciers in 2022 triggered flash floods across the country, killing over 1,700 people and inflicting losses over $33 billion. 

The IMF program has played a key role in stabilizing Pakistan’s battered economy, which has made some gains in recent months, most notably a reduced inflation rate. The government has said the country is on course for a long-term recovery, while Finance Minister Muhammad Aurangzeb has vowed Islamabad will continue to implement financial reforms mandated by the international lender. 

Pakistan secured the $7 billion loan program in September 2024 as it attempted to consolidate its economy since averting a default in 2023. Islamabad has since undertaken several reforms to reduce public debt, maintain low inflation, improve energy sector viability, and accelerate growth.

Pakistan hopes to achieve further economic progress by increasing its exports and attracting foreign investment from regional allies, particularly the Gulf countries. Islamabad has signed memoranda of association (MoUs) regarding trade and investment worth billions of dollars with Saudi Arabia, the United Arab Emirates, Azerbaijan, China and other countries in recent months.