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APNS urges Federal, Provincial govts to clear print media dues

KARACHI, AUG 23 /DNA/ – “The Executive Committee of the All Pakistan Newspapers Society (APNS) held its meeting on August 23, 2022 at APNS House, Karachi under the chairmanship of its President by Sarmad Ali, President, APNS.

The members of the Executive Committee pointed out that because of the delay in payments from the Federal and provincial governments, the member publications were facing serious financial crisis.  The Committee asked the Federal and provincial governments to expedite the payments to the print media so that the newspapers can meet their expenses.

The members of the Executive Committee agreed that the press campaign be started to highlight the importance of the print media. The Executive Committee showed its concern on the havoc created by the recent floods and heavy rain and sympathized with the people of Balochistan, Sindh and South Punjab. The Executive Committee asked the member publications to create awareness of the plight of the flood-effectees in national press.

The Executive Committee adopted the report of the Advertising Committee on the applications of various advertising agencies and granted provisional accreditation to M/s. Marshmallow Adverting (Pvt.) Ltd., Lahore, M/s. Focus 360 Marketing (Pvt.) Ltd, Rawalpindi, M/s. Spot On Associates, Karachi and M/s. Commerlance (Pvt.) Ltd., Karachi. The application for restructuring of M/s. Linkers Communications (Pvt.) Ltd.,  Islamabad was also approved.

The following attended the meeting :

Sarmad Ali, President, Shahab Zuberi, Vice President, Nazafreen Saigol Lakhani, Secretary General, Bilal Farooqui (Daily Aghaz), Fauzia Shaheen (Monthly Dastak), Najamuddin Sheikh (Daily Deyanat), Muhammad Waqaruddin (Daily Dunya), Bilal Mahmood (Weekly Family), Muhammad Younus Mehar (Daily Halchal), Kazi Asad Abid (Daily Ibrat), Syed Akbar Tahir (Daily Jasarat), Muhammad Manzoor Rana (Daily Mashriq, Quetta), Zahida Abbasi (Daily Nau Sijj), Salman Qureshi (Monthly Naya Rukh), Mubashir Mir (Daily Pakistan, Lahore), Faisal Zahid Malik (Pakistan Observer) and Dr. Waqar Yousuf Azeemi (Monthly Roohani Digest).

The following attended the meeting on Zoom :

Irfan Athar (Daily Tijarat), Mohsin Bilal, Joint Secretary, Muhammad Awais Khushnood, Finance Secretary, Mumtaz A. Tahir (Daily Aftab), Waseem Ahmed (Daily Awam, Quetta), Ansar Mahmood Bhatti (Monthly Centre Line), Imtinan Shahid (Daily Khabrain)and  Rukhsana Saulat Saleemi (Weekly Nikhar).

UAE ambassador calls on CM Punjab

Lahore, Aug 23 /DNA/ – The Ambassador of the United Arab Emirates (UAE) Hamad Obaid Ibrahim Salem Al-Zabi called on Chief Minister Punjab Chaudhry Parvez Elahi at Punjab House in Islamabad on Tuesday. 

  Issues of mutual interest, the promotion of relations between Pakistan and the United Arab Emirates and increasing cooperation in various fields were discussed on this occasion. The UAE ambassador congratulated Parvez Elahi on assuming the post of the chief minister and invited him to visit the UAE. It was mutually agreed to start work on the Mubarak Center at Ferozepur Road in Lahore while agreeing that close contact will be further enhanced in future to promote economic ties. 

Parvez Elahi thanked UAE’s Minister Sheikh Nahyan bin Mubarak Al Nahyan as the Dhabi Group would invest billions of rupees. The Punjab government would provide full support for the construction of Mubarak Center; he added and noted that Mubarak Center would be the tallest building in Lahore. State-of-the-art Mubarak Center would have business centers and a 7 Star Hotel which would be linked to the Gaddafi Stadium by a flyover. This plan would greatly facilitate the international players’ access to Gaddafi Stadium while relieving the torment of traffic jams on the busy roads of Lahore during the tournaments, he mentioned. 

The CM said that this project was started during his previous tenure; unfortunately, the project fell victim to the vengeful politics of PMLN. Now, this government would advance the work on this project rapidly as it would boost commercial activities while creating employment opportunities, he further said. 

The CM noted that brotherly relations exist between Pakistan and UAE and added that the time has come to transform these relations into a strategic partnership. There are immense opportunities for investment in Punjab and the UAE’s investors could benefit from them, he remarked. UAE’s cooperation in the development of Pakistan is worthy of praise and the provincial government values its cooperation for the improvement of education, health and other sectors, he added. Business-to-business delegations’ visits are also important and I would visit the UAE at the earliest opportunity, said Parvez Elahi. 

 The UAE ambassador appreciated the CM’s interest in investment promotion and mentioned that UAE’s investment companies are interested in investing in Pakistan. The Mubarak Center project would further boost bilateral relations. Pakistan is our second home and relations would be further strengthened. The UAE leadership stands with Pakistan and we would welcome you on your arrival in the United Arab Emirates, he concluded.  Former federal minister Moonis Elahi was also present. 

PM seeks Qatar’s investment in energy, aviation sectors

DOHA, /DNA/ – Prime Minister Shehbaz Sharif on Tuesday invited investors from Qatar to invest in Pakistan’s energy, aviation, agriculture, livestock, maritime, tourism and hospitality sectors.

The prime minister, in a meeting with the highest officials of Qatar Investment Authority  (QIA) – one of the largest sovereign wealth funds of the world, highlighted Pakistan’s liberal and business-friendly investment policies in this regard.

He also urged the Qatari investors to explore the opportunities presented by the China-Pakistan Economic Corridor (CPEC) aimed at promoting regional connectivity and mutual prosperity.

QIA Chief Executive Officer Mansoor Bin Ebrahim Al-Mahmoud and Chief Investment Officer of Africa and Asia-Pacific Regions Sheikh Faisal Thani Al-Thani represented the Qatar Investment Authority.

The meeting was attended by federal ministers Syed Naveed Qamar, Marriyum Aurangzeb and Ayaz Sadiq, and Minister of State Hina Rabbani Khar.

Lauding Qatar’s rapid economic development under the visionary leadership of Qatar’s Emir, the prime minister reiterated that Pakistan attached high importance to its relations with Qatar and wanted to upgrade the traditionally warm political ties between the two countries into a comprehensive economic partnership.

He stressed the need to further enhance bilateral economic and investment engagement, particularly in the renewable energy including solar and wind power generation, aviation, maritime, industrial and infrastructure development, and hospitality sectors.

He underlined Pakistan’s unique geographic and demographic advantages, which combined its strategic location with a huge middle-class market and a large skilled workforce.

PM Shehbaz Sharif assured full facilitation to the QIA through transparent and expeditious processes.

As part of the event, a number of presentations were made by the relevant ministries highlighting the potential of foreign investment in the fields of food security, energy, maritime, aviation, hospitality and tourism sectors.

The prime minister appreciated the QIA’s rejuvenated interest in investing in Pakistan.

It was agreed that designated focal persons on both sides would closely follow-up on the key proposals for investments.

The prime minister invited Mansoor bin Ebrahim Al-Mehmoud and Sheikh Faisal Thani Al-Thani to visit Pakistan at their earliest convenience to build on the momentum generated by the visit.

Terming Pakistan a priority country, the QIA officials expressed their keen interest and readiness to actively pursue investment opportunities in the country.

CDA Opens New Hiking Trail 7 in Islamabad

Islamabad: The Environment Wing of the Capital Development Authority (CDA) opened a new hiking trail in Islamabad’s Margalla Hills for hikers and tourists earlier today. The civic authority inaugurated the five-kilometer-long Trail 7, which runs from C-12 to Kainthia, Alexander Well, today at 6 AM, with CDA Chairman, Captain Usman, and DC Islamabad, Irfan Nawaz Memon, present at the occasion.CDA also reopened ‘Trail 1’ and ‘Trail 2’ in the Margalla Hills to hikers and visitors earlier this month after completing necessary restoration work such as the installation of maps, milestones, and benches along the route.

The Asian Leopard Preservation Zone was established earlier this year by the Islamabad Wildlife Management Board (IWMB) to protect and preserve a number of Asian leopards that have recently been spotted along Trail 6 of the Margalla Hills.

In March of this year, Amir Ali Ahmed, Chairman of the Capital Development Authority, inaugurated a new park named the Hill Park on Third Road in Sector G-10/4, Islamabad.

Turkiye wants to increase bilateral with Pakistan up to USD 5 billion

Islamabad, /DNA/ – Turkiye would be happy to increase bilateral trade with Pakistan up to USD 5 billion as both countries have good potential to increase two-way trade volume in many items. This was said by Nurettin Demir, Commercial Counsellor, Embassy of Turkiye while addressing the business community during his visit to Islamabad Chamber of Commerce & Industry. He said that MUSIAD Expo would be held in Istanbul from November 2-5, 2022 and the Pakistani business community should take active participation in it to promote business linkages with counterparts of Turkiye and explore new avenues of promoting bilateral trade between the two countries. He said that Turkiye and Pakistan can enhance bilateral cooperation in many fields including machinery & parts, pharmaceuticals, chemicals, tourism and agriculture. He said that he can help the Pakistani business community in customs affairs for doing trade with Turkiye. He was hopeful that a free trade agreement between Turkiye and Pakistan would be finalized soon after its ratification from the parliament of Turkiye that would help in increasing the volume of trade between the two countries.

Speaking at the occasion, Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce & Industry said that Pakistan and Turkiye were enjoying exemplary cordial relations that should be transformed into growing trade and economic relations between the two countries. He stressed that the frequency of Pakistan-Tehran-Istanbul railway service should be increased for trade promotion as currently goods from Turkiye via third countries were reaching Pakistan in 45 days due to which the importers and exporters were facing problems. He said that Pakistan has a lot of reserves of marble & granite and other natural resources and said that Turkiye should explore JVs in Pakistan in these sectors to achieve mutually beneficial outcomes.

Mian Shaukat Masud former President ICCI, Muhammad Azharul Islam Zafar, Sheikh Muhammad Ejaz, Ch. Muhammad Ali, Akhtar Hussain, Muhammad Shabbir, Ch. Ashraf Farzand, Waqar Zafar Bakhtawari, Ms. Fauzia Naureen, Ms. Nasira Ali and others also spoke at the occasion and gave useful suggestions to promote trade ties between Pakistan and Turkiye. They said that language barrier was an issue for trade promotion between the two countries that should be addressed. They said that Pakistan can export software products to Turkiye as it was already exporting these products to many other countries. They also highlighted IT, construction and furniture as potential areas of joint ventures between the two countries. 

Ambassador Nepal meets former FM Kasuri

DNA

LAHORE: Ambassador of Nepal to Pakistan Tapas Adhikari met with Former Foreign Minister and Senior Politician of Pakistan Mian Khursid Mahmood Kasuri in Lahore. During the meeting we discussed Nepal-Pakistan bilateral relations, SAARC and South Asia region.

The ambassador thanked him for his contribution to strengthen Nepal-Pakistan relations during his tenure as Foreign Minister of Pakistan. Former Minister Kasuri is from well known political family of Pakistan and is also well versed on political history of South Asia. His family is also deeply engaged in education development of Pakistan.

PSW holds capacity building sessions with stakeholders

ISLAMABAD, AUG 23 /DNA/  -–  The Pakistan Single Window (PSW) conducted capacity-building sessions in Faisalabad and Gujranwala in collaboration with the All Pakistan Bedsheets & Upholstery Association of Pakistan (APBUMA) and the Seed Importers and Producers Association of Pakistan (SIPAP) as part of its Change Management component. The sessions were attended by a large number of importers and exporters transitioning to the Single Window system for cross-border trade.

During the session, the PSW team gave an overview of the PSW system and explained the various features and services being offered by PSW. The participants in Gujranwala were also given a walkthrough of the PSW e-Trade system integrating the Federal Seed Certification & Registration Department with PSW. The new service enables electronic filing and processing of import permits and release orders pertaining to FSC&RD and is gradually being rolled out across the country.

Speaking on the occasion, Mr. Zaheer Abbas, Domain Officer PSW stated “PSW is on a transformational journey for digitizing and realigning cross-border trade procedures with internationally recommended best practices. The integration of the FSC&RD is a big step forward towards facilitating seed imports and will save importers time and cost for imports”. He also acknowledged the active cooperation of FSC&RD for automating and integrating their business processes with PSW. The Chairman of SIPAP Mr. Mian Muhammed Azhar Siddique stated, “FSC&RD has been an important partner and collaborator of PSW and its officials and management have played a key role in achieving this integration”.

A high level of interest and participation was also observed by members of ABPUMA in the Faisalabad session.The PSW presentation by Mr. Salman Afzal, Domain Officer PSW was followed by an interactive Q&A session regarding export procedures and issuance of financial instruments by commercial banks. Representatives from the State Bank of Pakistan and the commercial banks dealing with international trade finance also attended the event.

Change management is an essential component of the PSW implementation strategy.  Accordingly, an extensive change management framework has been developed to support the implementation of the PSW system and its various modules. Thisincludes a series of onsite and virtual learning activities including workshops, training modules, seminars and webinars, and trade shows for internal and external users, with a strong focus on digital engagement and the use of new technologies. The trainings are delivered by the PSW domain and IT teams in collaboration with different government departments and trade associations in various cities.To expand the training network, PSW intends to collaborate with private sector training firms and organizations through launching ‘Trainer Accreditation’ and ‘Training Partner’ programs. 

The PSW system began rolling out in July 2021 and achieved phase 1 completion on June 30, 2022, in line with Pakistan’s commitment under the WTO Trade Facilitation Agreement. It currently has more than 52,000 registered users. Services currently offered by the system include electronic customs registration, online processing, and issuance of import permits, Phyto-sanitary certificates, release orders and other documents pertaining to the above-mentioned government agencies, and digital payments. In addition to these services, PSW has also launched its Trade Information Portal providing a single access point for all information related to imports, exports, and transit also in compliance with Article 1.2 of the TFA.

Pak-Iran JEC: BMP for early realization of Barter Trade Mechanism

DNA

KARACHI: As Pakistan and Iran have agreed to enhance cooperation in different economic spheres in 21st session of Pak-Iran Joint Economic Commission (JEC) the Businessmen Panel (BMP) Chairman Mian Anjum Nisar has called for early implementation of Barter Trade Mechanism signed between Pakistan and Iran to jack up bilateral trade to $4 billion annually.

The FPCCI former president said that Pakistan and Iran have already inked an agreement on Barter Trade Mechanism during the 9th Joint Trade Committee meeting held in Nov 2021 in Tehran where two countries had decided to initiate barter trade within a month but no implementation was seen so far in this regard.

It is good that the 21st Session of the Joint Economic Cooperation Commission between the Islamic Republic of Iran and the Islamic Republic of Pakistan was held in Islamabad with the aim of strengthening mutual cooperation but what about the implementation of previous agreements signed between the two countries, he asked.

He said the countries should also give final shape to the proposed bilateral Free Trade Agreement (FTA) as early as possible while the Pakistan government will have to focus on reforms in the economic system so as to exploit the proposed FTA, as Pakistan is usually loser in most of bilateral trades with other countries.

He asked the two sides to implement the Preferential Trade Agreement (PTA) in letter and spirit, and remove Tariff and Non-Tariff Barriers in order to boost trade volume between both countries.

He emphasised that the five Years Strategic Trade Partnership Plan needed to be renewed for next five years (2022-2027), calling for removing obstacles in bilateral trade between the countries, especially in the field of agriculture. Relations between Pakistan and Iran are entering into a new era based on mutual benefits, and cooperation in the agriculture sector could ensure food security in the two countries, he said.

Mian Anjum said that under the FTA, both sides should negotiate to reduce tariffs and exchange trade lists in different sectors. He pointed out that for the promotion of transit trade, we have to establish border markets, in which, the work on the establishment of three had already been started while work on the other three have not been initiated.

He said that it was time for final agreements and practical work for which both the countries had already agreed and added that national airlines of the two countries had also expressed their willingness to promote mutual cooperation, which is a welcome step.

All concerned departments, particularly the central bank, instead of creating obstacles, should start working on the implementation of the barter trade through approved crossing points without any further delay. He appreciated Islamabad, as well as, Tehran to take serious initiatives to remove hurdles to bilateral trade, asking Iran to also take benefit of the China-Pakistan Economic Corridor projects. In order to meet the objective of barter trade mechanism, both parties must finalise an international mechanism to remove difficulties in barter trade. He said that barter trade was in fact a right decision, which could boost Pakistan’s foreign exchange reserves through an escalation in exports.

Mian Anjum Nisar said due to a lack of banking channels with Iran, some issues were existing in trading with Tehran. The barter trade issue with Iran has now been resolved, which is a welcome step for both Muslim neighboring nations.

However, BMP leader said that Pakistan can import liquefied petroleum gas (LPG) from Iran in exchange for rice under a barter arrangement endorsed by the two countries. “We will export rice to Iran and import LPG from there, as it is purely a barter deal.”

It is pertinent to mention that Iran faces sanctions imposed by the United States, making it difficult for global and regional countries to broaden and deepen their trade ties with the administration in Tehran.

He also noted the country’s exports had increased by 30 per cent, adding that more growth could still be achieved by adopting product and geographical diversification.

He hoped that free trade will increase and taking the volume of bilateral trade to $4 billion after the two countries sign the FTA, adding that the current trade volume does not commensurate with its true potential. He added that it is a welcome step that an agreement will be signed for promoting transit trade in the next three months, through which free economic zones will be established in the two countries.

Chinese power plants brought down electricity prices in July

ISLAMABAD, Aug. 23 (DNA): As per the monthly electricity generation data released by NEPRA, Pakistan, three power plants built by Chinese corporations have brought down the average cost of energy in the country to Rs10.98 per unit in July from Rs15.84 per unit in June 2022.

According to Gwadar Pro, this will result in a big relief for consumers, as Central Power Purchasing Authority (CPPA) has sought Rs4.70 per unit in monthly Fuel Price Adjustment (FCA) for the month of July as compared with Rs9.91 per unit FCA for June 2022. 

It translates into an Rs5.21 per unit reduction in electricity prices for the month of July.

Ismail Iqbal Securities, a stock brokerage firm, in their research report has attributed the reduction in electricity prices to a 48% increase in generation of hydropower and 59% increase in nuclear power generation during July as compared with June.

According to the data, the 720 megawatts Karot hydropower plant contributed 393.5 million units of electricity in July as compared with 298 million units in June. 

The power plant not only provided additional electricity but also mitigated the negative impacts of the 969 MWs Neeum Jhelum hydropower plant’s closure after encountering a fault on July 6. Neelum Jhelum generated 107 million units in July as compared with 619 million units in June.

Karot, which started full-scale commercial operations on June 29, is built by China Three Gorges Corporation (CTG) at a cost of nearly $2 billion as the first hydropower project under China-Pakistan Economic Corridor (CPEC). 

The plant has a fuel cost factor of Rs1 per unit being paid to Azad Jammu and Kashmir government as water usage charges.

On the other hand, the 1,100 MWs Karachi-2 power plant, or K-2, which remained shut during June, generated 347.65 million units of electricity in July at a fuel cost of less than Rs1 per unit. 

Also, the 1,100 MWs K-3 power plant, which attained full generation capacity recently, contributed 755 million units in July compared with 398 million unit in June, at a fuel cost of less than Rs1 per unit. Both power plants were built by Chinese state-run corporations.

The data shows that all other determinants remained largely unchanged and the real difference was made by the three mentioned power plants.

EU provides €350,000 for flood victims

The EU funding will help get vital assistance to the most vulnerable people to support them during this hard time

Mahnoor Ansar

ISLAMABAD: The European Union is providing €350,000 (nearly PKR 76 million) to provide crucial humanitarian assistance to families affected by severe flooding, which has wreaked havoc across many parts of Pakistan. The aid will focus on addressing the urgent needs of those most affected in some of the hardest-hit districts of Jhal Magsi and Lasbella in the southwestern Pakistani province of Balochistan.

“The devastating floods have left a trail of destruction in Pakistan, causing many to suffer the loss of their homes, livelihoods and belongings,” said Taheeni Thammannagoda, who oversees EU humanitarian programmes in Pakistan. “The EU funding will help get vital assistance to the most vulnerable people to support them during this hard time.”

The assistance will support International Rescue Committee in delivering much-needed assistance. This includes the provision of cash transfers to help flood-stricken families to meet their immediate needs, primary healthcare services, with a focus on water-born and communicable diseases, which are common after a flood, as well as nutrition support.

The programme will also provide psychological support to vulnerable groups such as women, adolescent girls and children.

The EU funding is being made available via the European Civil Protection and Humanitarian Aid Operations (ECHO) of the European Commission, through its Small Scale Response mechanism.

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