Islamabad, /DNA/ – A delegation of Pakistan-China Business Forum (PCBF) led by its Chairman Sheikh Nasir Ali visited Islamabad Chamber of Commerce & Industry and showed keen interest to explore business and investment opportunities in Pakistan. The delegation discussed various options to boost Pak-China business and investment cooperation. The delegation vowed to work jointly for facilitating the business matchmaking and sharing the relevant information regarding the B2B events, exhibitions and trade fairs.

Speaking at the occasion, Sheikh Nasir Ali, Chairman, PCBF said that the Forum was working to promote business linkages between Chinese and Pakistani companies to enhance business collaboration, joint ventures and investment between the two countries. He said that PCBF would bring more Chinese companies to Pakistan for JVs and investment in special economic zones of Pakistan being set up in CPEC.

Sheikh Ejaz, Co-Chairman PCBF said that their Forum would cooperate with ICCI in its efforts for a new industrial zone in the region as it would improve Pakistan’s exports, reduce imports and attract more investment from China as well. He said that by investing in Pakistan, Chinese companies can export to Africa, Middle East and other countries. He said that a showroom would be set up in China to display Pakistani products in order to improve their exports.      

Liu Shao Hong, Vice Chairman PCBF said that Chinese companies were interested to invest in green energy in Pakistan and PCBF would like to work with ICCI to bring Chinese investors to Pakistan.

Addressing the delegation, Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce & Industry said that Chinese companies should transfer technology and set up industrial units in Pakistan to produce imports substitutions. He said that Pakistan’s annual imports of electronics was around US$ 10 billion and Chinese companies should invest in Pakistan to produce electronics goods. He said that many sectors of Pakistan’s economy including IT, engineering, manufacturing, construction, tourism, warehousing, cold chain logistics, air freight & transportation, trucking and urban transport offered great investment opportunities and stressed that Chinese investors should take advantage of them by investing in Pakistan.

Azhar ul Islam Zafar Vice President ICCI, Cdr (Rtd) Muhammad Ayub Director PCBF, Zafar Bakhtawari, Mian Shaukat Masud, Muhammad Ejaz Abbasi, Baser Daud, Ameer Hamza, Dr. M. Usman, Ch. Muhammad Ali, Khalid Chaudhry and others also spoke at the occasion and offered useful proposals for promoting Pak-China bilateral trade and economic relations. 

DNA

Islamabad, Oct 22: In a landmark development, the first shipment was set to begin from Gwadar Free Zone putting into operation the Web-Based One Custom Clearance System (WeBOC) on Saturday (October 22).  

According to Gwadar Pro, the development has made a mark after the web-based one custom clearance system was successfully launched in Gwadar Free Zone. Earlier this week, FBR issued the operator ID to Gwadar Free Zone Company transforming the traditional one custom to a modernised WeBOC.  

Given the new digitalised e-customer clearance system, all entry and exit of shipments in Gwadar Free Zone will be carried out using WeBOC.  

A consignment of Hangeng Trade Company, an investment firm within Gwadar Free Zone, is first to be shipped under the e-custom service.  

Liao Longtai, the General Manager of Hangeng told Gwadar Pro, “It is a great honour for Hangeng to be the trailblazer for innovative mode of commerce”, adding that “next week another cargo container will be exported from Free Zone by Hangeng using WeBOC”. 

“In the days to come all companies operating in the zone will be registered under WeBOC. Since it is convenient, transparent and business-friendly, it is highly likely to boost investor confidence and enhance commercial activities in Gwadar,” said an official of Gwadar Free Zone Company.  

To give strategic boost to commerce and shipment activities, the e-custom clearance system was installed in Gwadar Free Zone in the last week of July this year, which was featured by paperless, ultra-fast, cost-effective and transparent processes and procedures.  

The game-changing e-initiative aims to facilitate companies in Gwadar Free Zone to get integrated with  Gwadar Port, customs, NLC, FBR, banking channels and other institutions to increase efficiency and reduce the time taken for processing in various departments.   

WeBOC in Gwadar Free Zone will help with the automation, standardisation and harmonisation of all trade procedures and logistic services related to land, air and sea routes under Pakistan Single Window (PSW).   

Presently WeBOC has thousands of registered users i.e. businesses, government departments including Anti-Narcotic Force, Engineering Development Board, State Bank of Pakistan, Ministry of Climate Change, Railways, Income Tax Department, Provincial Motor Registering Authorities, Commercial Banks, etc. 

RAWALPINDI, Oct 21 (DNA): As many as four terrorists were killed on Friday in an intense fire exchange that took place between the terrorists and the security forces in the general area Spinwam of North Waziristan District of Khyber Pakhtunkhwa.

The Inter-Services Public Relations (ISPR) informed that the killed terrorists remained actively involved in terrorist activities against the security forces.

Meanwhile, the forces also recovered weapons and ammunition from the killed terrorists, it said.

Asks them to get ready for long march

Staff  Report

ISLAMABAD, OCT 21 /DNA/ = Reacting to the Election Commission of Pakistan’s verdict to disqualify him in the Toshakhana reference, PTI Chairman and former prime minister Imran Khan Friday said he will challenge the decision.

“I already knew about the disqualification,” he said while alleging the Chief Election Commissioner Sikandar Sultan Raja of being “biased.”

In a pre-recorded message, the former premier claimed that the CEC was the coalition government’s man.

“The nation should be prepared. I will give you a call anytime,” Khan told PTI supporters.

The former premier also directed his workers to stop protesting and focus on the upcoming long march.

The PTI chief’s address comes after he was disqualified by the ECP in the Toshakhana case against him in which he has been accused of stealing gifts given to the government of Pakistan and selling them off in the name of charity.=DNA

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ISLAMABAD, OCT 21 /DNA/ – Minister of State for Foreign Affairs Hina Rabbani Khar Friday said Financial Action Task Force (FATF) has removed Pakistan from the grey list, acknowledging the country’s significant progress in improving anti-money laundering and countering financing of terrorism regime.

In a press briefing here, she said “I am pleased to announce that as a result of our sustained efforts during last four years, acknowledgment of our unwavering political commitment, and the successful on-site visit, FATF has fully recognized completion of all substantive, technical as well as procedural requirements of Pakistan’s 2018 and 2021 Action Plans.”

“Consequently, FATF has unanimously decided to remove Pakistan from the ‘list of jurisdictions under increased monitoring’. In simpler terms, Pakistan has been whitelisted by FATF. FATF has already issued a formal public statement announcing this decision.”

“It has been recognized that Pakistan has strengthened the effectiveness of its AML/CFT regime and addressed technical deficiencies and commitments of its Action Plans comprising total 34 action items. Pakistan has addressed all strategic deficiencies that FATF identified in June 2018 and June 2021,” she noted.

Hina Khar said Pakistan completed the 2021 action plan in advance of the deadlines.

“Pakistan is no longer subject to the FATF’s increased monitoring process, which means, Pakistan has been whitelisted by FATF.”

“To advance and promote international cooperation, Pakistan will continue to work with APG to further improve its AML/CFT system,” she added.

“This truly is a result of a whole-of-country efforts and demonstration of our resolve to improve our domestic systems to counter money laundering and financing of terrorism and bring them at par with the international standards. This would not have been possible without complete national consensus across political spectrum.”

The minister said during last four years, Pakistan had undertaken broad-based and comprehensive legal, administrative and procedural reforms to improve all aspects of our domestic AML/CFT regime.

“This includes amending laws related to anti-money laundering and countering the financing of terrorism. We also increased synergy in the system, streamlined the processes, improved inter-agency coordination, enhanced international cooperation with other jurisdictions and organizations, instituted supervisory structures, created necessary administrative protocols and allocated sufficient financial and human resources to improve our compliance with the FATF recommendations.”

She appreciated the tireless and dedicated efforts of national FATF team which had done a tremendous job during last four years to meet all FATF targets.

Multiple departments and agencies, both at the federal and the provincial levels, had contributed to this national cause, she continued.

“We must now become a role model for the world. I have already directed my team to start exploring ways in which we can enhance our cooperation and partnership with FATF and the wider international community, especially on the issue of Anti Money Laundering and Countering Financing of Terrorism (AML/CFT).”

“This is also a part of our wider focus on economic diplomacy. As you are all aware, economic diplomacy features very high on our agenda,” she stressed.

Together with other initiatives taken by the government to attract foreign investment and promote ease of doing business, Pakistan’s white listing will usher in a new era of economic growth and activity, she added.=DNA

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Islamabad, OCT 21 /DNA/ – The way of life (Seerah) of the Holy Prophet ﷺ is as relevant to resolving the contemporary challenges of the Muslim world as it was over 1400 years ago.

This was stated by Federal Minister for Planning Development & Special Initiatives Ahsan Iqbal while addressing Seerat Conference: Contemporary Challenges and the Role of Seerat Chairs held at Higher Education Commission (HEC) here on Friday.

Executive Director HEC Dr. Shaista Sohail, Chairman Council of Islamic Ideology (CII) Dr. Qibla Ayaz, Director General Dawah Academy Dr. Muhammad Ilyas, and Associate Professor Dr. Ayesha Rafique graced the occasion with their presence. The conference was also attended by a large number of Vice Chancellors, faculty members, and students from the higher education institutions located in Islamabad/Rawalpindi.

In his remarks, Mr. Ahsan Iqbal shed light on the concept of establishing nine Seerat Chairs on themes, including interfaith and communal harmony, education and knowledge, social justice and welfare, human rights and social justice, leadership and governance, sustainable development, business commerce and property rights, global peace and gender studies, and rights of women. He underlined the important role of Seerat Chairs in finding solutions in the Seerah of Holy Prophet Muhammad ﷺ to the challenges facing the Islamic world. He said that remembrance of Holy Prophet ﷺ and his teachings is the best utilisation of time, adding that the Prophet ﷺ is a role model for the Muslims in all spheres of national and individual lives.

The Minister said that no development can ever be made without peace and peace is not possible without interfaith harmony. He said that the Holy Prophet ﷺ demonstrated the qualities of a great leadership, adding that the attractiveness of his message of social justice paved the way for a wide acceptance of Islam in the world. He emphasised the need for renaissance of the legacy of knowledge across the Muslim world, as education and knowledge are pivotal for real development and prosperity of the entire Ummah. He also highlighted the importance of good governance, protection of human rights, business, commerce and property rights, women rights, and sustainable development.  

Mr. Ahsan Iqbal informed the audience that the Government is setting up Centre of Excellence in Gender Studies in Lahore to carry out research work. He expressed a strong hope that the Seerat Chairs will play a significant role in making the understanding of Seerah easier and will help find solutions to the challenges facing the Pakistani nation.

Chairman Council of Islamic Ideology (CII) Dr. Qibla Ayaz delivered a detailed address on the role of ulema and religious scholars in promoting religious harmony. He said the teachings of Holy Prophet ﷺ are the beacon of guidance to address religious and sectarian challenges. He hoped that the Seerat Chairs will fulfil the expectations associated with them in letter and spirit. He said that Islam discourages any discrimination based on religion and religious freedom is an Islamic value that needs to be protected.

Director General Dawa Academy Dr. Muhammad Ilyas said that the Holy Prophet ﷺ was sent a teacher and he demonstrated with his high moral ethics and character as to how his followers need to ensure peaceful coexistence. He also underlined the importance of tolerance, politeness, and courteousness in social dealings.

Dr. Ayesha Rafique dilated on the need for following the teachings of Prophet ﷺ in public dealings and interactions. She was of the view that the challenges facing the Islamic world have a history, as the followers of Islam has been facing hatred, stereotyping and Islamophobia since long. She emphasised that the Seerah of Hadhrat Muhammad ﷺ provides a complete solution to all such hardships and challenges.

In her welcome address earlier, Executive Director HEC Dr. Shaista Sohail said that the objective of the conference is to shed light on various aspects of the life of the Holy Prophet ﷺ and sort out solutions to the emerging issues. She also shared her viewpoint on the role of Seerat Chairs in promoting the true Prophetic teachings and action upon them. She cited the Charter of Medina as a basis of the future Islamic world. She said the Seerat Chairs need to focus on mandatory community service, utilising the potential of students for positive social change, empathising with needy brothers and sisters, improve the living condition of slums, and waste disposal etc. She stated that, “Every small effort counts.”

PARIS, OCT 21 /DNA/ – Minister of State for Foreign Affairs, Hina Rabbani Khar has said ​I wanted to share with the nation much-awaited good news regarding Pakistan’s engagement with FATF.

As you are aware, I, together with our very able and professional team, came here to represent Pakistan in FATF’s ICRG and Plenary meetings that have concluded today. During these meetings, the report of the FATF’s On-site Visit to Pakistan, which took place in the first week of September 2022, was discussed.

Alhamdolillah, I am pleased to announce that as a result of our sustained efforts during last four years, acknowledgement of our unwavering political commitment and the successful On-site Visit, FATF has fully recognized completion all substantive, technical as well as procedural requirements of Pakistan’s 2018 and 2021 Action Plans.

Consequently, FATF has unanimously decided to remove Pakistan from the “list of jurisdictions under increased monitoring”. In simpler terms, Pakistan has been whitelisted by FATF. FATF has already issued a formal public statement announcing this decision.

I would request you to refer to FATF’s Public Statement on Pakistan. Let me highlight its main points:

• FATF has welcomed Pakistan’s significant progress in improving our Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) regime.

• It has been recognized that Pakistan has strengthened the effectiveness of its AML/CFT regime and addressed technical deficiencies and commitments of its Action Plans comprising of total 34 action items.

• Pakistan has addressed all strategic deficiencies that FATF identified in June 2018 and June 2021.

• Pakistan completed the 2021 Action Plan in advance of the deadlines.

• Pakistan is no longer subject to the FATF’s increased monitoring process, which means, Pakistan has been whitelisted by FATF.

• To advance and promote international cooperation, Pakistan will continue to work with APG to further improve its AML/CFT system.

This truly is a result of a whole-of-country efforts and demonstration of our resolve to improve our domestic systems to counter money laundering and financing of terrorism and bring them at par with the international standards. This would not have been possible without complete national consensus across political spectrum.

I would like to take this opportunity to especially thank our leadership for providing strategic direction, confidence and support to all institutions throughout the process to achieve this key national objective. The success we have achieved today is indicator of what we can achieve when we work together with sense of purpose and commitment.

During last four years, Pakistan has undertaken broad-based and comprehensive legal, administrative and procedural reforms to improve all aspects of our domestic AML/CFT regime. This includes amending laws related to anti money laundering and countering financing of terrorism. We also increased synergy in the system, streamlined the processes, improved inter-agency coordination, enhanced international cooperation with other jurisdictions and organizations, instituted supervisory structures, created necessary administrative protocols and allocated sufficient financial and human resources to improve our compliance with the FATF Recommendations.

​As a result of all this effort and hard work, Pakistan is now in a position where we can not only sustain the trajectory of these reforms without any international monitoring or pressure but can also share our expertise and resources with our countries in our region and beyond.

​Taking this opportunity, I would especially like to appreciate the tireless and dedicated efforts our national FATF team who have done a tremendous job during last four years to meet all FATF targets. Multiple departments and agencies, both at the Federal and the Provincial levels, have contributed to this national cause. All of them deserve our appreciation and gratitude.

We have said all along that our partnership and association with FATF, and the wider international community, is rooted in our strategic objective of strengthening our economy and further improving its integration with the international financial system. We want to be seen as a responsible and active member of the international community that is well aware of its international obligations.

If there is one lesson that we should take as a country from the last four years is to build on this momentum of reform and not allow the gains to be reversed. We need to sustain the efforts for our own benefit and for the growth and development of our country.

In fact, we must now become a role model for the world. I have already directed my team to start exploring ways in which we can enhance our cooperation and partnership with FATF and the wider international community, especially on the issue of Anti Money Laundering and Countering Financing of Terrorism (AML/CFT).

Pakistan has come a long way in improving our domestic AML/CFT framework and bringing it at par with the global standards. In many areas, we are now more compliant with global standards than most of the developed countries.

16.​I am confident that this remarkable progress and the announcement of Pakistan’s exit from the FATF’s Grey List would give a much-needed boost to our economy and increase our economic and financial engagement with the outside world.

​This is also a part of our wider focus on economic diplomacy. As you are all aware, economic diplomacy features very high on our agenda. We, at the Foreign Office, are placing a lot of focus on it so that we can utilize immense potential of our country and play a befitting role in the overall growth and development of Pakistan.

Together with other initiatives taken by the Government to attract foreign investment and promote ease of doing business, Pakistan’s white listing will usher in a new era of economic growth and activity.

I want to stress that the Foreign Office, and all other relevant stakeholders, would continue this momentum and work with renewed zeal to bring foreign investment in Pakistan and reap other economic dividends on Pakistan’s exit from the FATF’s Grey List.

ISLAMABAD, OCT 21 – The Financial Action Task Force (FATF) on Friday removed Pakistan from its grey list. The decision was made in a meeting of the Financial Action Task Force (FATF), a global money laundering and terrorism financing watchdog, starts a two-day meeting in Paris and is expected to take up removal of Pakistan from a list of countries under “increased monitoring”.

In a meeting in June, the FATF said it was keeping Pakistan on the list – also known as the “grey list” – but said it might be removed after an on-site visit to verify progress.

Last month, Pakistan s foreign office said a FATF technical team had conducted a “successful” visit and Islamabad was expecting a “logical conclusion” of the evaluation process in October.