Home Blog Page 1553

RCCI shows grave concern on delay in opening of Letters of Credit (LCs)

DNA

Rawalpindi: The Rawalpindi Chamber of Commerce and Industry (RCCI) has shown grave concern over the delay in opening Letters of Credit (LCs) and demanded the Federal Minister Finance Miftah Ismail to intervene and open LCs immediately.

RCCI President Nadeem Rauf has said in a statement that many industries are now facing shortage of raw material and are on the verge of cutting their production. He said that key products especially under HS code 84 and 85 include home appliances, air conditioners, IT products, generators, telecom, steel and automobiles. Importers are worried due to non-opening of LCs.

Factories importing raw material for producing food, medicines and iron are now facing serious supply constraints. “Due to non-release of our import documents and consequent non-availability of raw material, the manufacturing units are on the verge of closure, ” he said.

He said that despite the lifting of the import ban by the government, delay in opening Letters of Credit (LCs) for essential machinery, equipment and spare parts is a matter of grave concern for traders.

Nadeem Rauf said that the current economic situation is very disturbing; SMEs and large-scale industry (LSM) are suffering from slowness.

Production has stopped due to non-availability of parts, bank payments are not being made, operational expenses are also becoming difficult to meet, which has increased the fear of unemployment, he added.

He said that large firms in Pakistan rely on imported raw materials / parts, which run our industries. He appealed to the Finance Minister and Governor State Bank to take immediate notice of the situation and open LCs.

Taliban say US national freed in exchange for key ally

Kabul, Sept 19: An American navy veteran detained in Afghanistan since 2020 was released by the Taliban on Monday in exchange for an ally who spent 17 years in a US jail for heroin smuggling, Afghanistan’s foreign minister said.

Mark Frerichs was working as a civil engineer on construction projects in Afghanistan when he was “taken hostage”, Washington previously said.

“After long negotiations, US citizen Mark Frerichs was handed over to an American delegation and that delegation handed over (Bashar Noorzai) to us today at Kabul airport,” Afghan Foreign Minister Amir Khan Muttaqi said at a press conference.

“We are happy that at Kabul International Airport, in the capital of Afghanistan, we witnessed the wonderful ceremony of one of our compatriots returning home.”

Noorzai was welcomed with a hero’s fanfare by the government of the newly-styled Islamic Emirate of Afghanistan (IEA). Photos show he was greeted by masked Taliban soldiers bearing floral garlands.

“If the IEA had not shown its strong determination, I would not have been here today,” Noorzai told reporters at the press conference.

“My release in exchange for an American will be a source of peace between Afghanistan and Americans.”

Noorzai is the second Afghan inmate released by the United States in recent months. In June, Assadullah Haroon was released after 15 years of detention in the United States’ notorious Guantanamo Bay prison.

Haroon was accused of links to Al-Qaeda but languished without charge for years at the US detention centre in Cuba, after his arrest in 2006 whilst working as a honey trader.

He was not released under the terms of a deal with the Taliban.

Afghan security analyst Hekmatullah Hekmat said Noorzai’s release was a “major achievement” for Kabul’s new rulers.

 “The Taliban can tell their foot soldiers and Afghans that they are able to bring back their people held by opposition groups,” he told.

 Muttaqi said the homecoming of Noorzai marks the beginning of a “new chapter” in relations between Afghanistan and the United States.

Pak should have ties of solidarity with Ukraine & Russia: Experts

The national conference was organised by Islamabad Institute of Conflict Resolution (IICR) where the Founder and Executive Director IICR Sabah moderated the session

Staff Report

ISLAMABAD, Experts at the National Conference on “Russia-Ukraine Crisis and Regional Security Apparatus” on Monday said Pakistan should have relations of solidarity and cordiality with both Ukraine and Russia despite the ongoing conflict to ensure neutrality during the ongoing war.

The national conference was organised by Islamabad Institute of Conflict Resolution (IICR) where the Founder and Executive Director IICR Sabah Hassan moderated the session. 

  Senior Defence Analyst and Political Scientist, Dr Rifaat Hussain said Ukraine was a large country in the middle of eastern Europe with a history of its borders changing hands several times whenever it were contested. However, the country had developed it’s independent culture, national posture and identity over the time.

He added that the conflict between Ukraine and Russia occurred mainly due to the reason that the Russians were apprehensive to the European extension of the North Atlantic Treaty Organization (NATO).

Dr Hussain mentioned that meanwhile Russia and China after the peaceful rise of the latter in the first decade of 21st century had unanimously agreed to promote multilateralism and non-hegemonic world order.

“The Chinese believe that they are ready to support Russians and Ukraine in multipolar world order.” The Chinese, he said had not provided any military support to Russians to carry out it’s war and could not commit themselves in an unqualified way. However, China was pursuing the policy on Ukraine that served its own purpose.

The Defence Analyst believed that Beijing could not undermine the importance of Moscow and both were working together to make a non-hegemonic world order to promote multipolar world order. “The Chinese are blaming US and larger western world as the center of disturbance and not Russia in the ongoing conflict.”

Head of Department of Humanities and Social Sciences, Bahria University, Prof Dr Azhar Ahmad said the Ukraine-Russia War was not the first and only conflict in the world.           However, the geopolitical and economic size of the conflict was very large and perhaps was the proxy war of West against Russia.

“It will play an important role in global transition of power from the west to east. According to the UN, the Ukraine-Russia War had resulted into massive loss of human lives. The trade in food and energy sectors are facing the most impact of this war.

Ukraine and Russia are the seventh largest suppliers of wheat, barley, maize and natural resources. Ukraine and Russia are also considered to be the food basket of the world.”

“Ukraine and Russia are key suppliers of many raw materials and disruption in these supplies will cause many issues.”

“The inflation is soaring in Russia and it’s economy might shrink to 15% and rely more on China in future to ensure economic supply chains.”

He mentioned that Pakistan had developed moderate economic relations with Ukraine.               “The war also resulted in increased prices of LNG and there will be more power outages ahead as Pakistan’s fossil fuels purchases have come to a halt. Pakistan was importing steel from Ukraine that was halted and had impacted the country’s construction sector.”

The Ukraine crisis posed many challenges but it provided an opportunity to Pakistan to realign it’s geopolitical goals and strategies as the conflict in the long run might lead to the reversal of globalisation casting huge impacts on countries like Pakistan.

Chairperson Quaid-i-Azam University (QAU) Department of Defence and Strategic Studies (DSS), Dr Shabana Fayyaz said power politics was the game of global political politics where the Ukraine-Russia war was nothing new rather a continuity of history.

She underlined that in case of reversal of globalisation, the global south and countries like Pakistan would be the victims.

“The conflicts have deep impacts on the masses as people suffer the most during conflicts and human security needs to be considered in conflicts.”

Referring to the African prover, she said, “when two elephants fight the one that suffers most is the grass and in Ukraine and Russia conflict people are the most impacted”.

Dr Fayyaz added that the Russians had conceived the larger NATO expansion post-Cold war as a threat to its existence whereas the US was adding more fuel to the conflict of Ukraine.

“Ukraine has the largest border and supply chains with Russia and the conflict is happening in the core region of the world that might transform the European Security Order and potentially may lead to a third world war (WWIII).”

The DSS expert claimed that the western responses were merely restricted to economic sanctions, economic and military assistance to Ukraine, diplomatic isolation of Russia, and enhanced NATO movement in the region along Ukraine.

International Law Expert, Nasir Qadri said that the NATO was initially against Russia and at the moment the vision was the same. Before Ukraine Crisis, there were NATO expansion programme in Ukraine underway that led to the invasion which was also forewarned by Russian President Putin after mobilisation of his troops to Ukrainian borders prior to intervention into Ukraine.

    Dr Rifat Hussain delivered the vote of thanks and said despite the western media’s propaganda President Putin would hold is influence in the region as neither Putin nor Russian forces will back off. However, the conflict would remain but Pakistan should have relations of solidarity and cordiality with both Ukraine and Russia.

IHC orders to remove terrorism sections against Imran Khan

ISLAMABAD – The Islamabad High Court (IHC) on Monday ordered to remove terrorism sections from case registered against Imran Khan for threatening a female judge and officials of the Islamabad police.

According to details, the high court bench headed by Chief Justice Athar Minallah announced the verdict on a plea seeking dismissal of the case against Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan.

During the hearing, Special Prosecutor argued that Imran Khan talked about a judge in his speech and the speech was made by a person who has a massive social media following.

The speech was made by a person who is an ex-prime minister and could possibly be elected as the prime minister again, Abbasi said.

However, Imran Khan s lawyer opposed the argument, saying that there are some basic factors required to warrant terrorism charges and that these factors were absent in the case.

The chief justice also remarked that the sections of the anti-terrorism laws are being misused. It can’t be called a terror design if nothing concrete was found, he added.

Earlier on September 8, IHC has ruled that it will indict former Prime Minister Imran Khan on charges of contempt of court relating to remarks made against the judge of a lower court, and charges against him will be framed on September 22.

The five-member bench at the Islamabad High Court (IHC), led by the chief justice of the court, Athar Minallah, issued a ruling after a nearly two-and-a-half-hour long hearing.

ICCI calls for lifting of ban on commercial and domestic gas connections

DNA

Islamabad, SEP 19: Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce & Industry (ICCI) has called upon the government to urgently lift ban on commercial and domestic new gas connections as the business community and the people were facing great difficulties due to continuous ban on the provision of new gas connection while the backlog of the Sui Northern Gas Pipelines Limited (SNGPL) was also increasing due to this situation.  

Muhammad Shakeel Munir said that the ban on new gas connection was imposed in December 2021, which has not been lifted as yet due to which large number of people were facing great problems and the backlog has reportedly reached over 2.8 million applications. He said that even those seeking gas connections in the urgent category by depositing an urgent fee of Rs.25,000/- were not getting new gas connections, which was very unfortunate. He said that the Public Accounts Committee had also ordered the Ministry of Petroleum to immediately withdraw the ban on new gas connections across the country and start their installation, but PAC order has not been implemented so far. He called upon the government to give a serious consideration to this important issue as many members of the business community and citizens in Islamabad were facing difficulties due to the continuous ban on new gas connections.

Jamshaid Akhtar Sheikh Senior Vice President, Muhammad Faheem Khan Vice President ICCI and Fayyaz Abbasi, Co-Chairman, Traders Welfare Association, F-10 Markaz, Islamabad said that gas was an important requirement of business community and the citizens, but continuous ban on its provision was creating frustration in them. They said that the gas becomes more important in the winter season and demanded that all those applicants who have been issued the demand notices, should be provided with the new gas connection and ban on new gas connections should be lifted as soon as possible. 

VP FPCCI meets Federal Secretary of Climate Change

Islamabad (DNA) Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Regional Chairman Muhammad Nadeem Qureshi held a special meeting with the Asif Haidar Shah Federal Secretary of Climate Change on the issues facing the polymer waste importers and recyclers industry. The meeting discussed the implementation of SOPs by the relevant ministries, including the threat posed to polymer waste importers and recyclers industry and the solution to the problems faced by this industry.

Muhammad Nadeem Qureshi, Regional Chairman & Vice President of FPCCI said the polymer waste industry stands on the brink of destruction. The closure of those who can barely run for a few months will make millions of unemployed and reduce foreign exchange in Pakistan. If Pakistan was focused on minor things in Pakistan, Pakistan would not only be economically stable but would also get rid of debt.

Nadeem Qureshi said that institutions should relieve the business community by playing their role in the country’s economic development, especially by implementing SOPs and restrictions on the recycling industry.

Asif Haidar Shah Federal Secretary of Climate Change assured the Ministry of Climate Change of full support to say that wherever you need our support regarding business community issues, we will be with you people for the solution and the economic development of Pakistan.

The meeting was also attending Syed Mujtaba Hussain Sr. Joint Secretary (I.C), Dr. Zaigham Abbas D.D (Chemical) Ministry of Climate Change, Atif Nawaz Mughal convener and Asif Sarwar, deputy convenor of FPCCI Standing Committee.

US, Pakistan partner to launch pediatric vaccination campaign

DNA

Islamabad, Sep 19: Today, U.S. government representatives and Government of Pakistan health officials visited a vaccination center in Islamabad to launch a nationwide campaign to vaccinate children with the first batch of 8 million Pfizer COVID-19 pediatric vaccine doses donated by the United States.  Since the start of the pandemic, the United States has committed to donate more than 78 million COVID-19 vaccine doses to the people of Pakistan, and thus far more than 70 million of these doses have arrived in-country.  The United States is the largest donor of COVID-19 vaccines to Pakistan.

The U.S. government, through USAID, is supporting the Government of Pakistan’s COVID-19 pediatric vaccination campaign for 5- to 11-year-old children. U.S. Ambassador Donald Blome joined the Federal Health Minister, Mr. Abdul Qadir Patel, to kick off the life-saving campaign today at the Mass Vaccination Center in Islamabad. The campaign is taking place in the capital and selected districts of Sindh and Punjab provinces.  Executive Director of NIH Major General Dr. Aamer Ikram, Director of General Health Services Dr. Shabana Salem, and other senior Pakistani government officials also attended the event.

Addressing health officials at the inauguration campaign, Ambassador Blome remarked, “Today, we celebrate the next step in protecting all Pakistanis against this devastating disease by launching the pediatric vaccination campaign.  Our recent collaboration to protect the children of Pakistan demonstrates the importance of our longstanding partnership to work together and overcome the global challenge.”

The Federal Health Minister, Mr. Abdul Qadir Patel, praised the commitment of both countries to combat COVID-19 in Pakistan and said, “Protecting our communities from COVID-19 is a shared priority of both of our governments, and these vaccines will keep millions of children safe from the most devastating impacts of the pandemic.” He expressed gratitude for the U.S. government’s support to improve health services in Pakistan and noted that it reflects the strong bilateral relations between the two countries.

In addition to the vaccines, the U.S. government has also provided over $80 million in direct and in-kind support to assist the Pakistani people in the fight against COVID-19. This support has included more than 1.2 million N95 masks, 96,000 surgical masks, 52,000 protective goggles, one million COVID-19 rapid diagnostic tests, 1,200 pulse oximeters, and 200 ventilators for 64 Pakistani hospitals – all of which has helped save lives and protect people across Pakistan.  The U.S. government also trained over 50,000 health workers, including 30,000 women, across Pakistan on home-based care for COVID-19 patients and established a national network of disease surveillance and response units and teams – providing an infrastructure to combat the current pandemic and building resiliency for the future.  In July, the United States also provided four mobile testing labs to Pakistan’s National Institute of Health to strengthen Pakistan’s ability to diagnose diseases in remote, underserved areas.

SCODA extends assistance to flood victims in Pakistan

BEIJING, Sept. 19 (DNA):  Shanghai Cooperation Organization Demonstration Area (SCODA) has extended assistance to flood victims in Pakistan, Gwadar Pro reported on Monday.

“China and Pakistan are all-weather friends and iron brothers. Whenever times are tough, the two always come together and stand by each other. We will continue to join hands and create a better future together.” Ghulam Qadir, Pakistan’s Commercial Counsellor to China said at the donation ceremony held by SCODA, to help the flood-affected people in Pakistan.

On the occasion, Li Gang, deputy secretary of party working committee of SCODA, on behalf of the committee and Chinese enterprises including East Sea Holding (Qingdao), Qingdao LULU Agriculture Equipment, China State Construction No 6 Bureau, SCO Everest (Qingdao) International Exhibition and Qingdao Xingangtong Mineral, delivered 225,000 yuan of relief funds to the representative of the Pakistani side.

Since mid-June, monsoon rains and floods have affected 33 million people in Pakistan, destroyed more than 5,000 kilometers of roads and bridges, and caused an estimated economic loss of $10 billion. 

The disaster saddened the hearts of SCODA members. Together with the Pakistan China Center, the SCODA committee immediately organized fund raising campaigns and prepared relief supplies to help the disaster-stricken people in Pakistan.

“The SCODA has made its modest contribution to the people affected by the disaster. I believe that with joint efforts of all, the Pakistani people will be able to overcome the floods, resume normal production and life soon.” Zhang Dong, deputy director of the SDODA committee, added.

Women Empowerment a key to sustainable Development

Ambassador Extraordinary and Plenipotentiary of Ethiopia to Pakistan Jemel Beker says women have huge potential to work in different sectors

DNA

ISLAMABAD: As the first ever Ethiopian Ambassador to Pakistan, it is an honor for me to represent the Government Ethiopian at such a significant event of Pakistan Export-Women led business Conference held in Islamabad on 18 September 2022. Those of you who do not know Ethiopia, Ethiopia the third diplomatic center in the world, HQ for Africa Union, UNCECA. It is the land of origin, human fossil Lucy 3.2 million years of age which is the complete human fossil, Coffee, and a source of Nile, longest river in the world. And it is a land of Bilal Al-Habash, late King Nejash, first hijira to Ethiopia where we are connected with other Abrahamic Religions as well.

The ambassador expressed these views while speaking on the occasion of a seminar arranged by Faisalabad women chamber of commerce and industry.

He added he would like to thank you for this opportunity to share his leadership experiences with you. He congratulated the Faisalabad Women Chamber of Commerce and Industry (FWCCI),and its President Mrs. Nighat Shahid for taking this initiative on basically introducing Pakistan export potentials- women led business and investment opportunities in Pakistan to the rest of the world.

Economic, education, skills, and knowledge empowerment of women is very important and linked to economic and social transformation and development of any country. AS Bringham Young said: when you educate a man, you educate a man, when you educate a woman, you educate the generation. In the same token when you empower women you empower the society, and the nations. My country since Dr. Abiy Ahmed took the Premiership of the Federal Democratic Republic of Ethiopia in which half of the cabinets are women, and 50 percent of the parliament are also women.

The Ambassador said, women have huge potential to work in different sectors of the economy including trade and investment, governance, and leadership.  Many of the most significant and meaningful moments during my Ambassadorship will devote on issues that affect women and girls and I am proud of all that our Embassy team will be able to accomplish, especially when it comes to having important discussions like we will have today.

‘Woman empowerment is a life-time priority for me that I take it very seriously. Strong girls, and strong women are critical to success of our societies and nations and a key to sustainable development. Leadership and mentoring women has always been a top priority for me. As I reflect on my career where I serve as a program coordinator for women affairs long time back and my today’s successes were built on that service’.

Obviously, the exchange of information and ideas during this conference will help you all better understand Pakistan’s potential and, I hope, result in new and profitable export deals. I am confident that women led business will continue to grow and that the Pakistan export sector will continue to revive, survive, and thrive in the time to come. Ethiopia has been and will continue to be a committed partner in the development of Pakistani export sector its Chamber of Commerce and Industry starting from now onwards.

Ambassador Jemel said his  country Ethiopia saw Pakistan as a preferred partner and was keen to expand trade, business, investment, and tourism relations. In actual fact, our business and economic relations have not been adequately developed and in this regard, I leave no stone unturned to change this scenario. We have observed that very few items are being traded between Ethiopia and Pakistan for the last many years. The main reason of such a low level of two way trade were due to little knowledge about each other’s markets and lack of relationships. Indeed, this gathering can be considered as a window of opportunity for Pakistani Women export entrepreneurs to harness huge, availed prospects.

To this end, one of the major priorities of our Embassy would be to link the Ethiopian chamber of Commerce and Sectoral Associations with Pakistani Chamber of Commerce and Industry, sign a memorandum of understanding which its implementation would help increase bilateral trade, business to business and people to people cooperation. In collaboration with the responsible Pakistan government institutions, and as well as chambers like you, the Embassy will work diligently for exchange of trade delegations between the two countries, and I assure you, I myself would bring a delegation of Ethiopian businesspeople to Pakistan Faisalabad soon.

‘Over the last four years, my country has embarked on an ambitious roadmap of economic reforms aimed at energizing private sector growth, attracting greater FDI, and stimulating the country’s nascent knowledge economy through deep and penetrating reform. To this end, it developed home-grown economic reform that have already had a significant impact on the business and investment environment in Ethiopia – an environment, which we believe is more fertile than ever for foreign investment’.

He said many of the Pakistani companies here today are all well placed to benefit from the possibilities opening up in a country that is truly a Lion of Africa and economically set to roar on the world stage. Yes, there are challenges which need to be resolved. Yes, you need patience and a long-term approach. But for many companies with a global vision, Ethiopia is a huge and growing market which you should not and cannot ignore.

He disclosed that Ethiopia Airlines, the biggest airlines in Africa that has more than 127 international destinations was going to fly to the sky of Pakistan soon. Indeed, the commencement of Ethiopia Airline will boost the trade, investment and tourism between Ethiopia and Pakistan the rest of Africa as well the globe.

Ambassador Jemel added, Ethiopia offered tremendous potential, and we look forward to working with the government and people of Pakistan. The next stage requires solid partnership with the private sector to develop its manufacturing sector, boost exports and increase employment.

‘Finally, I would like to express my deepest sympathy and condolences to families, friends, and relatives who have lost loved once precious lives during this climate led floods and calamities unfolded upon Pakistan due to international wrongdoing but, Pakistan became zero ground. Indeed, we share the pain and stand in solidarity with you to rebuild and heal the wound of climate crisis’, he concluded.

Palestine relief mission starts humanitarian work

DNA

DERA ISMAEL KHAN: A team of doctors, members of the Red Crescent and the Civil Defence of Palestine that arrived in Pakistan on Saturday has started its work in Dera Ismael Khan. Ambassador of Palestine Ahmed Rebai arranged a media interaction with the visiting team with a view to apprise members of Pakistani mass media about the objectives and mandate of the Palestine relief team.

It may be mentioned here that Mian Riaz Hussain Pirzada Minister of Human Rights,  Mr. Musawwar Abbas Shah, Director Middle East Ministry of Foreign Affairs, Ambassador of Palestine and all the Embassy staff welcome the Palestinian team at Islamabad Airport.

The Palestinian Disaster Response Team includes 27 professional Palestinian members formed by the Ministry of Health, the Palestinian Red Crescent and the Civil Defense. These actions are going to be Part of the Palestinian People campaign “In loyalty to Pakistan  … Jerusalem with you” which was launched by The Palestinian Presidency last month for victims of Pakistan’s floods.

Imad M. Zuhairi, Assistant to the Minister of Foreign Affairs and Expatriates for IR/ PICA Director General is leading the team, which is scheduled to stay in Pakistan for eight days. The team shall be taking care of the humanitarian and relief operations in Dera Ismael Khan.

Mr. Zuhairi told this newspaper that this is the first mission whose mandate is to carry out relief and humanitarian work while another mission shall arrive soon that will take care of infrastructural jobs.

Stay Connected

64FansLike
60FollowersFollow

Latest Reviews

Exchange Rates

USD - United States Dollar
EUR
1.17
GBP
1.35
AUD
0.67
CAD
0.72