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Chinese envoy seeks foreign investment in CPEC zones

Pakistan and China are mutually working to ensure security, visa facilitation, and other infrastructure facilities in Rashakai SEZ. “The Chinese embassy wants to work closely with BOI and any third party to promote CPEC development

Bureau Report

PESHAWAR: Chinese Ambassador to Pakistan Nong Rong has invited investors from across the world to invest in the Special Economic Zones (SEZs) being established in Pakistan under the China-Pakistan Economic Corridor (CPEC).

Addressing the CPEC Industrial Cooperation Investment Conference organised by the Board of Investment (BOI) in the provincial capital on Thursday, Nong Rong said that China would welcome the participation of other countries in the CPEC framework.

He said both Pakistan and China are mutually working to ensure security, visa facilitation, and other infrastructure facilities in Rashakai SEZ. “The Chinese embassy wants to work closely with BOI and any third party to promote CPEC development,” he added.

Speaking on the occasion, BOI Chairman Atif Bukhari said the second phase of CPEC has just commenced and the BOI would continue to take lead on investment promotion, facilitation, and industrial cooperation. The BOI chairman invited the business community from not only China but also from other countries to come and invest in Pakistan’s economic sectors.

He noted that the government has already launched conducive policies such as electric vehicle policy, mobile manufacturing policy, construction sector incentives, Special Economic Zone Regulations 2020, and SEZ Zone Enterprise Admin and Sale/Lease/Sub-lease of Plot Regulations 2021, to increase investment in Pakistan.

“Pakistan accords top priority to the development of SEZs under CPEC,” he said, adding that currently, out of the nine CPEC SEZs, two are in advance stage of development, including Rashakai SEZ in Khyber Pakhtunkhwa and Allama Iqbal Industrial City in Faisalabad, Punjab.

Bukhari informed that attractive fiscal incentives are being offered under SEZs such as 10-year tax holiday and custom duty exemption on import of capital goods to both the developer and enterprises housed in the SEZs.

KP Minister for Finance Taimur Jhagra said representatives from a number of countries including Switzerland, and Bosnia are present in the conference which indicates that a lot of countries are showing interest to join this mega multibillion dollar project. He invited the investors to also look into tourism opportunities in the province.

ECP rejects ‘discussion and unhappiness’ on Senate election

ISLAMABAD, MAR 5 – A day after Prime Minister Imran Khan criticised the Election Commission of Pakistan (ECP) for allowing “foul play” in the recent Senate elections, the commission issued a statement rejecting the “discussion and unhappiness” over the way polls for the upper house of parliament were conducted.

“It is a shocking matter that under the same staff in the same [election] under the same roof on the same day, [what they won] is acceptable and [what they lost] is unacceptable. Is this not open contradiction?” the commission questioned, adding: “The ECP rejects this.”

The statement came after a meeting of the ECP was held to discuss the rem­arks made by the prime minister during an address to the nation yesterday where he explained the political situation in the country that emerged after Wednesday’s Senate elections in which the opposition managed to stage an upset.

During his address, the premier called out the electoral body for “protecting those who made money by holding the Senate elections through secret ballot”.

In its statement, the ECP said: “This is democracy and free elections and the beauty of free elections which the entire nation saw and which is mandated by the Constitution.”

Every political party should have the courage to accept its defeat, it said.

The ECP said the Senate elections were held according to the law and the Constitution and were conducted in a “good way”. It said the statements and discussions that had come to the electoral body through media reports were “saddening” especially statements made by “some members of the federal cabinet and specifically what the prime minister said in his address yesterday”.

The ECP iterated that it was a constitutional and independent institution. “[The ECP] has to see what the law and the Constitution allow and what the standard has to be. We cannot ignore the law and the Constitution or bring an amendment for anyone’s favour,” it added.

If someone has objections to the body’s decisions or orders, it could take the constitutional way but let the institution work independently, the statement said.

“We have neither come under pressure from anybody and neither will we [do so in the future].”

PM Imran to chair PTI, allied parties meeting today

ISLAMABAD : Prime Minister (PM) Imran Khan to chair a joint parliamentary party meeting of Pakistan Tehreek-e-Insaf (PTI) and its allied parties today (Friday).

The joint parliamentary party meeting of PTI and its coalition partners will be held at 4:00 pm at the Parliament House.According to the sources, PM Imran Khan will take parliamentary party members into confidence regarding the current political situation arising after the Senate elections.

The premier will also brief the participants about purpose of obtaining the vote of confidence from the parliament.

Sources also said that PM Khan has directed party MNAs to stay in Islamabad until the session of NA summoned for vote confidence on Saturday.

It is to be noted that President Arif Alvi has summoned the session of the lower house on Saturday after PM Imran Khan announced to take vote of confidence.

According to a notification issued by the NA secretariat, the session had been summoned session for purpose of requiring the prime minister to obtain a vote of confidence from the National Assembly under Article 91(7) of the Constitution of the Islamic Republic of Pakistan.

Prime Minister Imran to seek vote of confidence in NA on March 6

Islamabad : Prime Minister Imran Khan has expressed the determination to continue his struggle for rule of law and purging the country of corruption.

Addressing the nation on Radio and Television, he described the opposition parties’ use of undemocratic tactics to get Syed Yusuf Raza Gillani elected on a Senate seat in a move to pressurize him.

The Prime Minister announced that he is going to take a vote of confidence from the National Assembly tomorrow.

He said as voting on the confidence motion will be open, even the Members belonging to the Pakistan Tehreek-e-Insaf can vote against him and if they do not support him, he will go to the opposition benches.

Imran Khan expressed his conviction that Pakistan is bound to emerge as a great nation in accordance with the dreams of its founding fathers.

He said if there was an open ballot, the PTI’s candidate would have been elected on general seat from the Federal Capital.

Imran Khan regretted that despite agreeing on the holding of Senate elections through open ballot in the Charter of Democracy, Pakistan Peoples Party and the Pakistan Muslim League-Nawaz opposed the idea to pave the way for corruption.

The Prime Minister also regretted that the Election Commission of Pakistan, which was responsible for transparent Senate elections, also favoured secret ballot during the Supreme Court proceedings.

He said the corrupt leaders made billions of rupees through commissions and kickbacks in major power and other development projects, and stashed the same abroad, putting the country under heavy debt.

Nation is proud of Pakistan Navy’s achievements: Sarwar

Lahore : Punjab Governor Chaudhry Mohammad Sarwar has said that Pakistan Navy is the most professional, strong and time tested naval force of the region and the nation is proud of Navy’s achievements.

Talking to a delegation of Pakistan Navy War College in Lahore, he said Pakistan Navy is successfully tackling the maritime challenges.

The Governor said Pakistan Navy is playing a crucial role in achieving national economic interests by defending the country’s maritime boundaries as well as providing security at Gwadar Port and CPEC sea routes.

ECP meets today to review allegations raised by PM Khan

ISLAMABAD : The Election Commission of Pakistan (ECP) has summoned an important meeting today (Friday) to discuss the allegations leveled by Prime Minister (PM) Imran Khan during his address to the nation.

The meeting will be chaired by Chief Election Commissioner Sikandar Sultan Raja. The meeting will allegations of horse-trading leveled by PM Imran Khan and the federal ministers.On Wednesday, Foreign Minister Shah Mahmood Qureshi along with his cabinet fellows, Shibli Faraz and Fawad Chaudhry had lamented that the ECP was responsible to hold free and fair polls, however, it failed in performing its duty.

On Thursday, Prime Minister Imran Khan had raised questions over the performance of the Election Commission of Commission (ECP) for not taking action against individuals “buying” votes for their candidates in recently held Senate polls 2021.

Prime Minister Imran Khan had said this while addressing the nation, a day after he had decided to take a vote of confidence following the ruling party suffered a setback when its candidate Dr. Abdul Hafeez Shaikh lost a Senate seat from Islamabad to a joint candidate of the Pakistan Democratic Movement (PDM), former premier Yousuf Raza Gilani.

Yousuf Raza Gilani’s victory as senator challenged in ECP

ISLAMABAD : Plea challenging former prime minister Yousuf Raza Gilani’s victory as a senator has been filed with the Election Commission of Pakistan (ECP) on Friday.

Advocate Azhar Siddique filed the plea with the ECP has stated that the election of Gilani was rigged and the action should be taken against Maryam Nawaz and Ali Haider Gilani over their confession of rigging the poll.

“Despite clear directions from the Supreme Court, no technology was used by the ECP to ensure transparency of the polls,” Siddique said in his plea.
The case should be filed against Maryam Nawaz and Gilani’s son over violating Election Act and inquiry should be initiated over Gilani’s victory in the Senate in light of Ali Haider’s video and Maryam Nawaz’s statement.

The applicant has urged the ECP not to issue victory notification of Gilani as a senator.

The former prime minister and Pakistan People’s Party (PPP) stalwart Yousuf Raza Gilani won his senate seat from Islamabad where he was vying against Pakistan Tehreek-e Insaf’s (PTI) Hafeez Shaikh for which the polling was conducted in the National Assembly.

1,579 coronavirus cases, 52 deaths reported in Pakistan

ISLAMABAD : Pakistan has recorded 52 more coronavirus-related deaths in the past 24 hours, taking the overall death toll to 13,128.

According to the latest statistics of the National Command and Operation Centre (NCOC), the COVID-19 has claimed 52 more lives and 1,579 fresh infections were reported during the said period.The total count of active cases is 17,117.

In the past 24 hours, as many as 1,527 patients have recovered from the virus in a day and 1,551 patients are still in critical condition.

According to the National Command and Operation Centre (NCOC), with the fresh inclusion of the infections in the country the national tally of cases now currently stands at 587,014.

A total of 37,998 tests were conducted across the country during this period. Overall 556,769 people have recovered from the deadly disease so far while 9,135,393 samples have been tested thus far.

KP wants more investment under CPEC: Taimoor Jhagra

PESHAWAR, March 5 (DNA) : “We want the focus of China-Pakistan Economic Cooperation (CPEC) to remain on Khyber Pakhtunkhwa (KP)”, said Khyber Pakhtunkhwa Finance Minister Taimur Saleem Khan Jhagra.

They is also need that major projects like Peshawar-Dera Ismail Khan Motorway, Chashma Right Bank Left Canal DI Khan should become part of CPEC.”

Many sectors in KP can attract investments such as mineral sector, Special Economic Zones (SEZs), tourism, energy sector, hydro-energy sector and health sector.

There is a big opportunity of public-private partnership investment in KP’s health sector, he added.

Taimoor Saleem Khan further said, “The speed of CPEC projects will gain momentum and there are possibilities to include more projects in CPEC in KP,” he said.

As for the tourism sector of KP, Taimoor Khan said there is a fantastic opportunity for Chinese companies to invest and promote tourism in this province.

“For tourism there would always be a niche for international tourists; some areas of this province are referred to as Pakistan’s Switzerland,” he said.

Setting fundamentals of industrial cooperation under CPEC imperative: Bukhari

PESHAWAR, March 5 : Minister for State and Chairman Board of Investment (BOI) Pakistan Chairman Atif Bokhari said that a “world of opportunities” is just a step away and the only thing needed is to set the fundamentals of Industrial Cooperation under the China-Pakistan Economic Corridor (CPEC).

According to Gwadar Pro, he made the remarks when addressing CPEC Industrial Cooperation Business to Business (B2B) Investment Conference held here.

He added, the second phase of CPEC has commenced and
BOI would continue to take lead on investment promotion, facilitation and industrial cooperation.

The Government still has an arduous task of devising effective policies, laws, and efficient infrastructure, to facilitate B2B and people to people linkages.

Bokhari pointed put that the Government had already launched conducive policies such as Electric vehicle policy, Mobile Manufacturing, Construction sector policies, Sole Enterprise Special Economic Zone, Regulations 2020, and SEZ Zone Enterprise Admin and Sale/Lease/Sub-lease of Plot Regulations 2021, to increase investment in Pakistan.

Pakistan follows a liberal investment regime, and facilitation is its foremost cornerstone for instilling confidence in investors and creating a conducive environment to attract local and foreign investment.

BOI is mandated to promote, encourage, and facilitate both local and foreign investment. In this regard, several initiatives are being undertaken by the Government of Pakistan such as ease of doing business reform, regulatory reforms, and structural reforms in the tax system and availability of energy inputs at regionally competitive prices.

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