Home Blog Page 2535

NEPAL ENVOY VISITS RCCI, URGES FOR DIRECT FLIGHTS TO PROMOTE TRADE

RAWALPINDI, MAR 29 (DNA) – Ambassador of Nepal Tapas Adhikari, has stressed that Pakistan International Airline (PIA) should explore the possibility of starting direct flights between Islamabad and Kathmandu that would help in promoting two-way trade between the two countries.

Both the countries enjoy cordial relationships and with resumption of flights this will further strengthen the close trade ties between the two countries.

The ambassador made these remarks during his visit to the Rawalpindi Chamber of Commerce and Industry (RCCI) here on Monday.

RCCI President, Mohammad Nasir Mirza, Senior Vice President Osman Ashraf, Vice President Shahraiz A Malik and members of the executive committee were also present on the occasion.

He said that trade promotion exchange of delegation would help both countries to improve the bilateral trade ties. He said that Pakistan and Nepal have great scope to enhance cooperation in the tourism sector as both countries possess the highest peaks in the world.

Both countries are an important members of SAARC and stressed that Pakistani business community should visit Nepal while he would also try to bring a delegation of Nepalese businessmen to Pakistan for promoting business linkages between both countries.

Speaking at the occasion, RCCI President Mohammad Nasir Mirza gave a short summary on RCCI current and ongoing programs. Tourism, Pharmaceutical and IT are key sectors where possible joint ventures can be made.

Pakistan and Nepal should focus on developing strong business linkages between their private sectors in order to explore all untapped areas of bilateral trade and economic relations as the current volume of trade was far less than the actual potential of both countries.

He informed that RCCI has been organizing a Made in Pakistan exhibition in Nepal and expressed hope that once we get out of COVID-19 we will resume the expo.=DNA

=================

IQRA AZIZ HEARTILY THANKS ABDULLAH KADWANI AND ASAD QURESHI FOR SUCCESS OF 7TH SKY ENTERTAINMENT’S ICONIC PRODUCTION

ISLAMABAD, MAR 29 /DNA/ – Iqra Aziz took to her Instagram to share the news with fans on social media. She wrote, “First of all thank you so much for the love and appreciation you all ♥️ “.  The leading lady acknowledged everyone for loving and appreciating KhudaAurMohabbatand mentioned how it got 9.7 ratings on IMDb with just 6 episodes on air.

She thanks and credits this fame to Abdullah Kadwani and Asad Qureshi, praising their work, writing, “You all know the finest producers @abdullah.kadwani @asadaqureshi”. In another Instagram appreciation post, she went on to thank the enigmatic duo for making her a part of the iconic project, she went on to write, “Thankyou @abdullah.Kadwani and @asadaqureshi for making me a part of this amazing project. You guys were the sweetest of all throughout. Thankyou for making us all so comfortable.”

She also thanked the director Wajahat Khanand writer, Hashim Nadeem.

 She specially emphasizes the name of Saqlain Mirza, the man behind the camera lense, for shooting the drama and taking it to the great heights that it is at today. She writes, “..but no one knows about the man who holds the camera. Thankyou @saqlainraza2427 for shooting this beautiful masterpiece”.

If you haven’t watched the latest episode of 7th Sky Entertainment’s iconic drama, Khuda Aur Mohabbat yet, get right to it!

TURKEY-AZERBAIJAN PASSPORT-FREE REGIME TO START APRIL 1

ANKARA, MAR 29 – Turkish and Azerbaijani nationals will be able to travel passport-free between the two countries as of April 1, Turkey’s Foreign Ministry said on Monday.

“The Protocol signed on December 10, 2020 between the Republic of Turkey and the Republic of Azerbaijan, which allows both countries’ citizens to travel using their national identity cards, will enter into force on April 1, 2021,” the ministry said in a statement.

“Citizens of Turkey and Azerbaijan traveling directly between the two countries will be able to travel without needing their passports and only by presenting their new generation identity cards,” the statement read.

It added that the new practice starting on Thursday would “strengthen our already existing strong ties with Azerbaijan as expressed in the motto ‘one nation, two states.’”

ICCI SHOWS CONCERNS OVER 34 PERCENT HIKE IN POWER TARIFF

ISLAMABAD, MAR 29 (DNA) – The Islamabad Chamber of Commerce & Industry (ICCI) has expressed serious concerns over the amendments made in the NEPRA Act through an ordinance to put in place a mechanism for automatic hike in electricity tariff of about Rs.5.36 per unit (34 per cent) over the next 27 months and termed it a dangerous move as it would give a serious blow to the business and investment activities in the country and plunge the economy in deep troubles.

Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce & Industry said that power tariffs in Pakistan were already considered highest in the region, which have caused huge increase in the cost of doing business and rendered our products uncompetitive in world markets.

He said that under the Circular Debt Management Plan (CDMP) of the government envisaged in the ordinance, the average uniform power rate would gradually go up to over Rs.21 per unit, excluding taxes, duties, surcharges and other add-owns in the bills from its current level of over Rs.15 per unit.

He said that according to some reports, the automatic power tariff hike by NEPRA would put an additional burden of more than Rs.700 billion on the power consumers, which would give massive hike in the cost of doing business and unleash a new wave of inflation that would be unbearable for the common man.

Sardar Yasir Ilyas Khan said that the Prime Minister Imran Khan was striving for promoting the ease of doing business to make Pakistan an attractive country for business and investment activities. However, under pressure from the IMF, the introduction of automaticity in power tariff hikes by NEPRA would make production cost unviable for industrial units due to which many industries would face permanent closure and new investment would be discouraged.

He said that business class was the backbone of the economy, but it was unfortunate that the government was making key economic decisions without any consultation with them that would prove more harmful for the economy.

He stressed that the government should make changes in the ordinance in consultation with the business community to remove its negative implications for the business and economic activities.

Fatma Azim Senior Vice President and Abdul Rehman Khan Vice President ICCI said that after the amendment in NEPRA Act, the power consumers will have to face unbearable burden. Therefore, they urged that the government should reconsider amendments in NEPRA Act and make changes in it after addressing the concerns of all stakeholders including the business community.=DNA

=================

AUSTRALIA’S PRIME MINISTER ANNOUNCES CABINET RESHUFFLE

Australia‘s Prime Minister Scott Morrison on Monday announced a Cabinet reshuffle following a series of damaging allegations.

Morrison said Linda Reynolds will leave the role of Minister of Defence and will replaced by Peter Dutton, who was previously Minister of Home Affairs.

Christian Porter will leave as Attorney General and Minister for Industrial Relations and will be replaced by Michaelia Cash.

URGENT AND REAL REFORMS NEEDED TO IMPROVE THE ECONOMY

DNA

KARACHI, MAR 29 – Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid on Monday said urgent and real reforms are needed to stabilise the economy as a weak economy is threatening national security.

Due to limping economy we are accepting conditions of international institutions which are not reflecting national interests resulting in an uproar across the country, he said.

Mian Zahid Hussain said that the government spends billions on different packages and subsidies to boost one sector or another but the economy is miles away from any real leap forward as economic development was never a preference.

Talking to the business community, the veteran business leader said that most of the frictions and political turmoil across the world is due to the weak economy as national security is impossible unless the economy is strong.

The business leader said that history is full of examples where powerful countries disintegrated or were wiped off the map due to the fragile economy while a reason behind the disintegration of Pakistan was a different living standard of people of the two parts of the country.

The government should prefer industrialisation, self-sufficiency and welfare of the masses as the US has also initiated policy of strengthening the local industrial sector.

Mian Zahid Hussain further said IMF conditions should not be implemented through Ordinances avoiding consensus making their success difficult.

He said that the government can ensure national security by improving the standard of living of masses for which economic development should be preferred over obtaining foreign loans.

ASEAN AND PAKISTAN: ROLE OF INDONESIA

By Dr M Ali Hamza

In last 4 decades the velocity of Pakistan foreign maneuvering was slow and range was limited. There could be multiple reasons like domestic socio-economic and socio-political upheavals, unwanted engagement in war against terrorism, and pressure of masters who claimed to be friends. 

But foreign office under the present government has revamped the entire game plan to pace-up foreign relations on one hand and diversify the diplomatic friendships on the other. Newly introduced dimension to proceed with foreign relations is our shift from geo-political stance to geo-economic stance.

As Special Assistant to the Prime Minister on National Security Division and Strategic Policy Planning DrMoeedYusuf has repeatedly mentioned that instead of the conventional geo-strategic lens, Pakistan is focusing to leverage its geo-economic position by partnering with the world under the economic security model.

In Moeed’s words “Pakistan is on a path to become global economic hub and targets to become a melting pot of competing global economic interests”, and these words seem to be well grounded. In consonance to the said, Pakistani government under popular Prime Minister Imran Khan is considering Southeast Asia as a feasible test bed for the conduct of anextended foreign policy that is synonymous withMr Khan’s idea of Naya (new) Pakistan.

Early indications suggest that the Khan’s government has shown a genuine enthusiasm to advance Pakistan’s policy toward ASEAN (Association of Southeast Asian Nations) by stepping up both multilateral and bilateral engagements with the region. But the question is ‘who would be advocating us in ASEAN? Prior getting to the question let us have a brief about ASEANs and, their need to connect with Pakistan.

Established in 1967, ASEANis an economic unificationincluding 10 member states in Southeast Asia. The member states are Brunei, Cambodia, Indonesia, Lao, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.Population of the ASEANs was about 655 million people in 2019 (8.5% of the world population). The ASEAN Way’s: methodology or approach to solving issues, emphasis on consultation, consensus, and non-interference, forces the organization to adopt only those policies which satisfy the lowest common denominator.ASEAN is a major partner of SCO (Shanghai Cooperation Organization), maintains a global network of alliances, and is considered by many as a global powerhouse. Today ASEAN is a leading voice on regional trade and security issues, involved in numerous international affairs, and hosts diplomatic missions throughout the world. Such important economic amalgamation like ASEAN cannot afford to ignore CPEC.

The CPEC (China-Pakistan Economic Corridor) is a leading regional integration initiative between China and Pakistan. The project also opens opportunities to all interested regional stakeholders, among which CARs (Central Asian Republics): Turkmenistan, Uzbekistan, Kyrgyzstan, Kazakhstan, and Tajikistan,are one of the most important in geo-political and geo-economic terms. Located in a landlocked but resource-rich region, CARs need better access to regional markets and CPEC presents a strategic opportunity to transport their goods more easily and gain competitiveness in regional and global markets. Likewise CPEC also provides a pathway to ASEAN in connecting with China and CARs. Here comes the two way deal; We need You, You need Us.

Among the 10 members of ASEAN, Indonesia and Malaysia are the top choices as mediators between ASEAN and Pakistan. With Malaysia Pakistan is already having close cordial connections, but what about Indonesia? Indonesia is the strongest country in ASEAN with reference to GDP and GDP per capita data. It is the most populous Muslim country with much commonaltyto Pakistan in terms of culture, and values. Both countries are members of the OIC (Organization of Islamic Cooperation), SCO and Developing 8 Countries.

During the Indonesian Revolution, Muhammad Ali Jinnah: the founder of PakistanurgedMuslim soldiers serving in British army to join hands with Indonesians in their fight against the Dutch Imperial colonization. As a result, 600-Muslim soldiers leftthe colonial forces putting their lot at stake, and allied with Indonesians. Out of these 600 soldiers, 500 died in war. As recognition of the assistance of Muslim soldiers from Pakistan, during the Indonesian Golden Jubilee celebration on August 17, 1995, Indonesia conferredIndependence War Awards to the living ex-Pakistani soldiers and awarded the highest honor ‘Adipura’ to the founding father of Pakistan Muhammad Ali Jinnah and the government of Pakistan. Pakistan’s relationship with Indonesia greatly developed during the time of MrSukarno: first president of Indonesiaand Gen. Ayub Khan. During the Indo-Pakistani War of 1965, Indonesia offered to provide Pakistan with military help, and seized‘Andaman and Nicobar Islands’ of India so as to distract it from the Kashmir front.

Then a bad patch appeared around the globe, an emerging super power shattered the political and diplomatic map of the world. Foes turned friends and friends fell apart.  This was the time when Pakistan’s foreign policy shrink for few countries, grew dependent of some, and lost its positive global footage. It was almost 4 decades of this bad patch, but then CPEC dawns. Realizing the projected value of CPEC many countries are attracted to restore or reset the diplomatic relations with Pakistan. In response Pakistan foreign policy is using a lens with wider spectrum: so far it seems. Therefore in last few years we observe that Pakistan has signed a memorandum of understanding on defense cooperation with Indonesia.One of the key terms of the memorandum is an offer for Indonesia to take part in joint-manufacturing between Pakistan and China of the JF-17 fighter jet. The exchange of military personnel for training between Indonesia and Pakistan also increased. In 2018, the two sides agreed to strengthen, expand and diversify military cooperation through all available forums. Moreover the two countries have a standing preferential trade agreement, the Indonesia: Pakistan Preferential Trade Agreement. The Indonesian ambassador to Pakistan: MrAdam M Tugio has categorically mentioned that Pakistan is strategically located at the juncture of South Asia, Central Asia and Middle East and has vast potential to emerge as a hub of regional and economic activity.

As a leadingmember Indonesia is havinggreat influence in ASEAN and also looks after evolving from regional power to becoming a major player in global affairs.Pakistan needs to support Indonesia in achieving her long-aimed goals through establishing connections and in return expect to earn dividends. Considering these afresh realities, we need to refresh our bilateral relations with Indonesia and the Govt. of Pakistan should take some quick moves in this direction. Before others spoil, let’s coil around our new friends.

Punjab govt mulling lockdown in Lahore: Firdous Ashiq Awan

LAHORE , MARCH 29 : The Punjab government is mulling over different measures to control the COVID-19 spread across the province, especially in Lahore where a complete lockdown may be imposed due to a high positivity ratio, Special Assistant to the Chief Minister on Information Dr Firdous Ashiq Awan said Monday.

The statement from the government spokesperson came as the COVID-19 situation in the provincial capital worsened further despite smart lockdowns and other restrictions.

Awan said people are not following the coronavirus SOPs and the results are not encouraging from Lahore and other five major cities of the province where the authorities have imposed smark lockdowns.

“A decision will be taken today whether to impose a complete lockdown or not. Punjab CM Usman Buzdar would make an announcement,” she said.

Pervez Elahi tells PM Imran Khan to ‘arrange for vaccines, instead of making speeches’

The meeting of the Cabinet Committee on Coronavirus is underway to review the pandemic situation and take further steps needed to control the spread.

The session is being attended by provincial ministers Raja Basharat, Dr Yasmin Rahsid, Mian Aslam Iqbal, Murad Raas, Yasir Humayon, Firdous Ashiq Awan and other senior government officials.

The surge in Lahore is overwhelming hospitals, as the death count and new patients spike in what could be the worst stretch of the pandemic to date in the province.

One of the largest state-owned health facilities in Lahore, Mayo Hospital, has a total of 325 beds in its coronavirus ward. On Sunday, 253 beds were occupied, therefore more than 77%.

Positivity ratio shoots past 11%

“The situation is pretty bad here,” a senior doctor at Mayo Hospital told Geo.tv, on the condition of anonymity, “We are not accepting serious patients anymore because our Intensive Care Units (ICUs) are working at full capacity.”

96 cases filed over violations in Lahore

Meanwhile, the Lahore administration has filed nearly 100 cases over SOP violations. CCPO Lahore Ghulam Mohammad Dogar said that joint teams have been constituted to check violation of government directives.

According to the latest government data, 2,309 new cases were reported during the last 24 hours taking the total number of cases to 215,227 in Punjab.

Out of these new cases 1,478 have been reported in Lahore, 22 in Shekhupura, 145 in Rawalpindi, 45 in Sialkot, 21 in Gujrat, 77 in Multan, 29 in Khanweal, 120 in Faisalabad, 29 in Chiniot, 44 in Toba Tek Singh, and 24 in Jhang.

All on-campus activities in Islamabad’s private schools banned till April 11

However, the death toll has risen to 6.244 after 17 more succumbed to the virus while 185,877 have recovered from the disease.

Highest single-day toll

Punjab recorded 2,823 new COVID-19 infections on March 27, surpassing the previous record of 2,705 set on July 12. Officials say that the province is in the grip of third wave of the virus, which is being driven by a UK-variant of the disease.

Majority of the new cases were recorded in Lahore alone, the capital of Punjab. In the city, on Saturday, 1,725 people tested positive for the deadly virus, which was the second-highest tally reported in the city since the outbreak in Pakistan in late February last year.

Separately, Punjab’s cities – Faisalabad, Lahore and Gujranwala – have continued to record the highest test positive percentage in the country, much above the WHO-mandated 5%.

Meanwhile, the province will be entering its third phase of the vaccination drive on Sunday as it begins to vaccinate people over 50 years of age in the province.

Federal cabinet to decide on retail price of COVID-19 vaccines

ISLAMABAD: Prime Minister Imran Khan has summoned a session of the federal cabinet on Thursday in order to discuss 22-point agenda that also include the prices of COVID-19 vaccines.

The federal cabinet will mull over the country’s political and economic situation besides reviewing the steps for containing the spread of coronavirus pandemic and vaccination process.

A briefing will be given to the federal cabinet members regarding the usage of the electronic voting machine and the provision of voting rights to overseas Pakistanis.

The federal cabinet is also likely to decide on the retail prices of COVID-19 vaccines during the upcoming session.

Earlier on March 21, it emerged that the federal cabinet had approved a summary regarding prices of COVID-19 vaccines – Chinese and Russian doses – to be imported by the private sector after a recommendation from the health ministry following approval from the Drug Regulatory Authority of Pakistan (DRAP).

The health ministry had recommended the price of two anti-COVID jabs of the Russian vaccine be set at Rs 8,449. The packet containing four doses of Sputnik-V is set at Rs 16,560 while 10 and 20 doses would be available at Rs40,555 and Rs 81,110 respectively after approval from the federal cabinet.

Two pharmaceutical companies are importing vaccines from abroad with one hailing from Karachi importing the Russian vaccine while the Chinese vaccine would be imported by a multi-national pharma company.

Pak India bilateral relations have significant impacts on the stability in Asia

Lahore , MARCH29  :  Pakistan Businesses Forum (PBF) on Monday says the recent trajectory of Indo-Pak relations could be a welcome development not only for both countries but also the region and further may provide an impetus for the revival of the South Asian Association for Regional Co-operation (SAARC), which now has been in limbo for nearly five years also helps for SAARC recognised regional apex bodies as their recognition status couldn’t be renewed yet.

Vice President PBF Ahmad Jawad said “You can change friends but not neighbours.”Amid signs of bonhomie, India few days back signalled that it is ready to resume trade with Pakistan, which the latter had unilaterally stopped almost two years ago. Also, India has placed the onus of restoring trade ties on Pakistan.

In the year 2020, India’s exports to Pakistan dipped 76.3% to $283 million while imports plummeted 96.2% to just $2.5 million. According to 2013 study titled ‘Normalizing India-Pakistan Trade’ by Indian Council for Research on International Economic Relations estimated the trade potential between India and Pakistan in the range of $11 billion-$20 billion.

Jawad briefed though mostly share of India and Pakistan trade is consistently informal. If their trade and commerce relations stabilise, it will augment the formal trade and both the nations can develop and prosper paving the way for trade and business that eventually shall abate the poverty and unemployment in both the countries.

The present positive developments may provide a golden opportunity for both the nations to start dialogue, opening new doors to enhance the bilateral, social, political and economic relations. “It is a fact that India-Pakistan relations have significant impacts on the stability in Asia and on the global order”, if the peace-process begins, this will send a robust message to the Indian subcontinent in particular and the entire world in general.

India and Pakistan can follow the China model of engagement, whereby commercial links are de-hyphenated from strategic differences. Despite tensions between China and India, trade between both countries was estimated at US$77 billion ($100.1 billion) in 2020.

Apart from the revival of trade, both countries can also resume greater people to people contact, especially in religious tourism. In September 2020, Govt of Pakistan announced that it would be starting religious tourism packages for both Hindus and Sikhs.

PBF also hoped Kahsmir would be taken care in this new peace engagements. Ideally, Pakistan and India should move to pick up peace negotiations from where they left off in 2007. The draft framework was a win-win which took into consideration the aspirations of the people of Jammu and Kashmir along with the requirements of Pakistan and India. It entailed substantial demilitarisation of all parts of the former princely state, and ensuring that its people had the rights, freedoms and self-governance necessary for a sustainable solution.

Stay Connected

64FansLike
60FollowersFollow

Latest Reviews

Exchange Rates

USD - United States Dollar
EUR
1.16
GBP
1.34
AUD
0.67
CAD
0.72