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MONTHLY REMITTANCES, EXPORTS JUMP OVER FIVE BILLION DOLLARS

DNA

KARACHI, APR 16 – 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 Friday said for the first time in the history of country monthly exports and remittances have surpassed five billion dollars.

Moreover, foreign exchange reserves are at $23.22 billion, the highest since July 2017 while the rupee is continuously gaining strength against the US dollar and the credit of these positive development goes to the Government and SBP, he said.

Talking to the business community, the veteran business leader said that coronavirus has damaged economic activities across the world including Pakistan but some sectors are showing positive sings while over one hundred thousand people have invested in Roshan Digital Accounts, a recent initiative of SBP chief Dr Baqir Raza.

Remittances have remained over 2 billion dollars per month pushing its share in GDP to 10 percent and annual receipts can hit the mark of 27.28 billion dollars.

Exports have also remained over 2 billion dollars since last six months while the monthly exports in March were highest in a decade.

Mian Zahid said that imports are also picking up; March imports were one billion dollars more than that of February indicating increased economic activity.

World Bank has recently said that Pakistan can enhance exports to 88.1 billion dollars which should be taken seriously as it will provide jobs to five million people and increased revenue by 1.74 billion dollars.

The export jump will require continued supply of energy on regionally competitive rates coupled with enabling policies, he said.

SHAUKAT TARIN BECOMES NEW FINANCE MINISTER AS PM KHAN RESHUFFLES CABINET

ISLAMABAD, APR 16 (DNA) – Prime Minister Imran Khan Friday reshuffled his cabinet changing the portfolios of his government’s key ministers and appointing Shaukat Fayaz Tareen as a new Minister for Finance and Revenue 

The prime minister appointed Chaudhry Fawad Hussain as Minister for Information and Broadcasting, replacing Senator Shibli Faraz who interchanged his portfolio with Fawad as Science and Technology Minister.

Hammad Azhar, previously the industries productions minister, will now be holding the position of Minister for Energy. He has replaced Omar Ayub Khan who has now been appointed as economic affairs minister. In place of Hammad Azhar, the prime minister appointed Makhdoom Khusro Bakhtiar as Federal Minister for Industries and Production.

Shaukat Tareen was already a member of the prime minister’s Economic Advisory Council. He has served as adviser to the PM on finance during the PPP’s tenure and as finance minister during Musharraf’s era. He is a banker by profession and worked as the president of HBL in 1997. In 2000, he built Union Bank, which was later sold to Standard Chartered Bank.

Tareen became a senator and the federal finance minister in president Asif Ali Zardari’s government. As the finance minister under the PPP government, Tareen signed the bailout program with the IMF under that government and concluded the seventh NFC Award.

 However, he left the ministry without completing his tenure to start his own bank, Silk Bank, where he served as its president and CEO. The changes come at a time when Pakistan has just received another $500 million from the International Monetary Fund as part of the $6 billion bailout package it signed in July 2019.

The third and latest tranche of the program brings the total borrowing for budget support to $2 billion. Islamabad had signed the 39-month bailout program with the IMF to avert sovereign default because of a balance-of-payment crisis. The program will cost Pakistan $180 million in interest payments at less than 3% to be paid in 10 years. = DNA

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CPC WINS POVERTY ALLEVIATION BATTLE SUCCESSFULLY: CPB

BEIJING, APR 16 (DNA) – The Communist Party of China has led Chinese people to win the poverty alleviation battle in the past 30 years, which deserves global praise, said an official of the Communist Party of Britain (CPB).

John Foster, International Secretary of the CPB, said via video link at the “Stories of CPC – Zhejiang’s Achievements in Practicing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era” thematic briefing that he was amazed by China’s technological achievements in recent years, especially in the fields of artificial intelligence and aeronautics.

Co-hosted by the International Department of the Central Committee of the Communist Party of China and the CPC Zhejiang Provincial Committee, the thematic briefing, held in Hangzhou, capital of East China’s Zhejiang province, on Wednesday, was themed on “Drawing up and Following through the Blueprint”.

“Over the last two decades, the CPC Zhejiang Provincial Committee has been following through on the Double-Eight Strategy initiated by President Xi Jinping in 2003 when he was Party Secretary of Zhejiang, and has created a better life for all,” said Song Tao, head of the International Department of the CPC Central Committee, who added that Zhejiang’s achievements vividly epitomize of how the CPC is following the blueprint.

The Double-Eight Strategy identifies eight strengths Zhejiang possesses in terms of economic structure, geological position, industries, coordinated development of urban and rural areas, ecology, mountain and ocean resources, environment, and culture, as well as eight measures the province is taking to take further advantage of these strengths.

Echoing Song, Yuan Jiajun, the incumbent Party Secretary of Zhejiang, highlighted the province’s achievements in digitalization, environmental protection and coordinated regional development in recent years and expressed hopes that all the guests from home and abroad will be able to come to Zhejiang to feel its development and charm.

Nearly 400 representatives of political parties from more than 70 countries were present at the event online.

Some participants visited Hangzhou-based automaker Geely Holding Group and New H3C Group, an information technology solution provider.

Carlos Miguel Pereira Hernandez, Cuba’s ambassador to China, said that he was astonished at Geely’s breakthrough in the automobile making industry.

“I visited Geely’s factory in Shanghai in 2008. In just over a decade, it has become an influential automaker brand in the world, which is a good indicator of the speed and quality of China’s development in recent years,” he said.

In the context of major changes unseen in a century, coupled with a once-in-a-century pandemic, the “Stories of CPC” thematic briefing on Zhejiang will be conducive to exchanging experience in country governance among participating political parties, and will promote economic recovery after the pandemic and further world peace and development.=DNA

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CLIMATE SUMMIT LEFT OUT: A QUESTION FOR PAKISTAN.

Jamal Akbar

As by the improving of climate change initiative, Pakistan did well in the challenge of Planting trees. Although, it seems quite rough not to add Pakistan to the climate summit of April 22-23. Biden’s administration has invited 40 countries in the summit excluding Pakistan. Due to this decision, Islamabad is in deep engraved with the policies of the US. Even Prime Minister Imran Khan remarked that not inviting Pakistan toa climate change conference has puzzled Islamabad.

President Joe Biden’s first and foremost priority in the office was to tackle the situation of climate change. Thus, activating the Paris Climate agreement, he initiated a conference on April 22-23. 40 countries are invited except for an ally, Pakistan. He mentioned that the country is not doing enough to control the carbon emission, making it in a list of the top 10 climate-vulnerable countries.

Going through the smooth relationship between Pakistan and the USA, Pakistan did not see the tense reaction of Biden’s administration coming. It could not be a miscalculation but a set of mistrust of changing the priorities in making policies by Biden. He is not seeing any way to broaden the relationship. Although, the terms could not stay for longer in this matter. US knows the importance of Pakistan in climate change and one front which is possible for Biden to strengthen the relationship is the climate change.

Pakistan’s cordial relation with Afghanistan may helps Biden to rethink the decision. As Pakistan set the table for the US-Afghan Peace deal, though Biden did not encourage the move, led the positive move for enhancing of Peace between both. As both countries have been blamed for producing terrorists and sheltering them (Pakistan denies), have come to a position to make peace and the US does not need to forget such action.

Over the past few years, Islamabad’s policy regarding climate change were clear. The 10 billion tree tsunami posed an ideal condition for the world as Pakistan did this in a matter of few months. Such seriousness is not defended by the actions of the USA as every other country listing in the top 10 climate vulnerabilities are invited. PM Imran khan shows greater disappointment. Even John Kerry’s visits to South Asia did not include Pakistan.

Still Pakistan’s power projects are dependent upon the non-renewable energy sources e.g., coal, oil, and gas. This becomes a major reason for the climate change.

Why is Pakistan not included? It is a matter of great discussion to deal with that enriches the ideas of being left out of the climate change conference. For Pakistan, it was an upcoming event to present the ideas of their own. But the index of 2020, released by think tank Germanwatch showed sour sentiments for Pakistan. In the climate risk index, Pakistan was placed fifth in the most climate-vulnerable countries. Thus, the vulnerability is increasing day by day as the ranking increased from 8th to 5th. This report clearly points out the nature of actions Pakistan has done to overcome climate change, which are not enough.

Joining the connections, Pakistan has been falling in the bottom line to do more in climate change. This is not only affecting the image of a country but also putting a risk to be called in upcoming summits. Pakistan is already facing a change in the monsoon rain and facing a shift in the time intervals, leading to a loss of more than $3 million till 2019. As an agricultural land, this shift in rain is heavily affecting the growth of a country. Whilst not being involved in the climate change conference, Pakistan has a serious challenge in countering the climate change situation otherwise the index will reach higher, and then things might get out of hand.

What can Pakistan do? If not invited to the conference, Pakistan still can adopt the policies of the Paris climate agreement and take them as a challenge. As in the agreement, the 2030 agenda will be discussed, and reduce temperature by 1.5 degrees by the end of the century will be set forward. Even at this point, Pakistan can cut the carbon emission and replace it with renewable energy such as solar power. The industries no more need to burn, for this regard Pakistan can cooperate with companies like The Boring Company set by Elon Musk. It will not only change the climate but will provide the initiative to look for renewable sources.

For a serious solution, Pakistan needs to look more the renewable energy sources. In this regard, regional cooperation is necessary. The ongoing CPEC project already includes the solar power projects such as Quaid-e-Azam Solar Park and wind project of China Dawood Wind Farm. As the situations for the region have remained tough over the past two decades, security concerns were real. Thus, focusing on climate change was not possible. Now, as the things are cooling down, every thick and thin possibility is required to be done. In the region, Pakistan can work forward with Afghanistan and Central Asian Republics to create renewable energy resources as. Even central Asia is enriched in renewable energy resources. The coalition of Pakistan with such states can make a possible way through.

The writer is a researcher at the Islamabad Institute of Conflict Resolution (IICR)

JAPAN TO WIDEN CORONAVIRUS CURBS, CASTING FRESH DOUBT ON OLYMPICS

TOKYO, APR 16 – Japan is set to expand quasi-emergency measures to 10 regions on Friday as a fourth wave of Covid-19 cases spreads, casting more doubt on whether the Summer Olympics can be held in Tokyo in less than 100 days.

Economy Minister Yasutoshi Nishimura told reporters the government was considering adding Aichi, Kanagawa, Saitama, and Chiba to six other prefectures already under the orders, including the cities of Tokyo and Osaka.

A final decision is expected on Friday afternoon.

Japan’s top health experts have acknowledged that the Covid-19 pandemic has entered a fourth wave.

Daily cases in Osaka reached a record 1,208 on Thursday, driven by a virulent British strain of the virus. New infections rose to 729 in Tokyo, the most since early February when most of the nation was under a state of emergency.

A senior ruling party official said on Thursday that cancelling this year’s Olympics remains an option if the coronavirus situation becomes too dire.

A scaled-back torch relay is already underway. Overseas fans have been barred from the Games and officials say that domestic fans may be kept out too.

Olympic and government officials have said further postponement of the Games is out of the question, and Tokyo 2020 President Seiko Hashimoto said on Friday that their commitment to holding the event this summer has not wavered.

But a groundswell of health experts have said it’s too risky to hold the Games, urging that they be postponed again or canceled. Compounding the problem is Japan’s relatively slow inoculation push, which began February using imported vaccines.

Japan has exhibited ‘poor performance’ in containing virus transmission, along with limited testing capacity and a slow vaccination rollout, according to a commentary of health experts published in the British Medical Journal on Wednesday.

‘Plans to hold the Olympic and Paralympic games this summer must be reconsidered as a matter of urgency,’ wrote lead author Kazuki Shimizu of the London School of Economics.

‘Holding Tokyo 2020 for domestic political and economic purposes–ignoring scientific and moral imperatives–is contradictory to Japan’s commitment to global health and human security.’

A survey of more than 1,000 Japanese doctors last month showed that 75% believed it was better to postpone the Games, according to physician referral company Ishinotomo.

Kyoto University professor Hiroshi Nishiura, an advisor to the government’s pandemic response, urged in a magazine commentary this week that authorities postpone the Olympics one year to allow for more time to vaccinate the public.

Japan began its inoculation push in February, later than most major economies. Only 0.9% of the Japanese public have received their first shot so far, compared with 2.5% in South Korea, and 48% in the United Kingdom.

Japan’s government denied reports last week that it would prioritise athletes for vaccination. Australia is one nation considering such a move.

Japanese Prime Minister Yoshihide Suga said on Thursday the government would do ‘everything possible’ to prevent further contagion ahead of the Games.

Suga, currently on a state visit to the United States, may have a call with Pfizer Inc CEO Albert Bourla to request more vaccine supplies, the Kyodo news agency reported, citing government sources.

SAUDI ARABIA MUST ‘CONFRONT POWER WITH POWER’ IN YEMEN, SAYS EXPERT

JEDDAH: The international community bears responsibility for prolonging the crisis in Yemen, and Saudi Arabia should not simply wait for the Iran-backed Houthis to cause a disaster, according to a Saudi expert in international relations.

Political analyst Dr. Hamdan Al-Shehri said on Thursday that although a number of proposals had been put forward to put an end to Yemen’s ongoing conflict, there had been a lack of will from the international community to implement those initiatives.

“If the international community was honest, it would have (acted on) UNSC Resolution 2216, demanding the Houthis relinquish the arms they seized from military and security institutions and cease all violence. The international community is delaying taking action against the Houthis for its own interests,” Al-Shehri told Arab News.

“The international community’s regional interests are its top priority, not Yemen or the Yemenis,” he added.

Al-Shehri believes that, in the face of continued silence from the international community, Saudi Arabia should ‘confront power with power’ when dealing with Houthi attacks.

“We should not wait until the Houthis (cause) a disaster. We count on the Arab coalition and the Yemeni army, especially after the UN’s leniency with regard to putting pressure on the Houthis to accept diplomatic solutions,” Al-Shehri said.

He added that if attacks on the Kingdom continue, then Saudi Arabia should take military action. “The Houthis are using power and this power should be confronted with power. We have tried the international community for seven years, but unfortunately (nothing has been done).”

The Arab coalition destroyed five ballistic missiles and four explosive-laden drones launched by the Houthis toward Jazan, Al-Ekhbariya reported on Thursday.

Those attacks were the latest in a long line of hostile actions against the Kingdom by the Iran-backed Houthi militia.

Jazan University was one of the targets, as well as other civilian sites protected under international humanitarian law, coalition spokesman Turki Al-Malki said in a statement to the Saudi Press Agency, adding that such actions amount to war crimes. He also said that the attacks originated from Yemen’s Saadah governorate and were a “continuation of the Houthis’ systematic and intentional hostile attempts to target civilians.”

The Houthis, who took over the Yemeni capital, Sanaa, in 2014, have been widely condemned for their actions against the Kingdom.

Special cell set up in Lahore

Special cell set up n Lahore 








	ISLAMABAD, Apr 16 (dna):Federal Minister for Science and Technolgy Chaudhry Fawad Hussain said on Friday that a special cell comprising NADRA, Safe City Lahore and other agencies has been set up which has been helping in identification of  the people involved in the violence against the police through videos.  

In a tweet, the minister said that dozens of people have been identified so far and action is being taken against them under the Anti- Terrorism Act.
He said that the district administration will also monitor all speeches.

Climate activists look to 2021 to rebound from pandemic

                Paris, Stopped in their tracks by the pandemic, citizens around the world are once again bracing to mobilise for the planet in a year marked by several major international summits on climate and biodiversity.

                  In 2019, millions of people, led by student and youth organisations, flooded the world’s streets to demand that governments act to stave off the worst effects of global warming.

                  But then came Covid-19, bringing the global movement to a screeching halt, with lockdowns and travel restrictions forcing mass events to be cancelled and activism to shift online.

                  “The pandemic hit right at the moment when we were peaking in terms of mobilisation,” said Nicolas Haeringer, from the environmental group 350.org.

                  Youth activists quickly adapted to online activism, and the pandemic may even have helped groups based in richer countries to devise better ways to include activists from developing nations.

                  The School Strike for Climate movement “was deeply rooted in European youth,” said Haeringer.

                  “The pandemic has been used to rebalance things and build real leadership in global south nations.”

                  While the internet is ideal for laying plans, it is clear that the impetus has waned from movements unable to protest in real life.

                  “It has been hard for movements,” said Clare Farrell, a co-founder of the civil disobedience Extinction Rebellion movement.

                  “We build relationships through face-to-face work often so we are really looking forward to getting back out to do actions in public space, to meet new people and build the movements again.”

                  Dana Fisher, professor of sociology at the University of Maryland, said that climate activists have spent the last year also campaigning for similar causes in solidarity with other movements.

                  This includes participating in activism against systemic racism and in helping people of colour gain better access to Covid-19 vaccines.

                  In the US, “the movement is definitely not stopping, but the tactic of the climate strike is not a dominant form of activism right now and it may never return,” said Fisher.

                  But many youth strikers are undeterred by the turbulent last 12 months.

                  “We’re keeping in touch, it’s great and I believe that there will be another youth mobilisation,” said Michel Villarreal, a Bolivian student activist.

New clashes in Mozambique’s northeast: army

New clashes in Mozambique’s northeast: army

                Maputo, April 16 ():New clashes have erupted in the town of Palma in Mozambique, three weeks after a militants attack there left dozens of people dead and forced thousands to flee their homes, military and security sources said.

                  “There were shots, but the situation is under control,” said a military commander, speaking on condition of anonymity late Thursday.

                  “They attacked in a village in Mueda, in Pundanhar and Palma almost simultaneously,” said a security source based in Maputo.

                  Islamic State-linked militants raided the coastal town of Palma on March 24 in an assault that marked a major intensification in an insurgency that has wreaked havoc across Cabo Delgado province for over three years as the militants seek to establish a caliphate.

                  The violence pushed France’s Total to desert a nearby multi-billion-dollar gas project. 

                  And since then, there have been fears of new attacks in the gas-rich province.

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