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RCCI President inaugurates furniture and living expo

DNA

RAWALPINDI: The furniture sector is playing an important role in boosting the country’s exports. Being part of Small and Medium Enterprise (SME) it served as a backbone of the economy.  Inaugurating the Furniture and living Expo in Islamabad, The Rawalpindi Chamber of Commerce and Industry (RCCI) President Nasir Mirza said that such exhibitions should be held continuously to attract investors and people. Immediate steps should be taken to revitalize the furniture industry as this sector can create new employment opportunities along with increase in exports.

The government should give immediate attention. The furniture sector is an important component of the cottage industry. The government should provide tax breaks so that people associated with the industry can get quality machinery at cheaper rates. The price of electricity should be reduced.

He said that Pakistani furniture is popular all over the world. He also demanded the Government to reduce the import duty on the associated material. Later, the president along with organizers visited various stalls and appreciated the quality of the products.

Pakistan business event held at BelCCI

BELARUS, FEB 19 (DNA) – The Embassy of Pakistan, Minsk in collaboration with Belarusian Chamber of Commerce & Industry (BelCCI) organized a business interactive event at the BelCCI, which was attended by businessmen/representatives from more than 100 Belarusian companies, out of which 33 firms participated physically while another 72 businesspersons participated in the business event through Zoom on virtual basis.

Welcoming the participants of the business event titled “Meet the Ambassador”, the Chairman of the Belarusian Chamber of Commerce and Industry Mr. Vladimir Ulakhovich impressed upon the need to working closely for greater economic cooperation and assured his full cooperation.

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On the occasion, Ambassador Sajjad Haider Khan made a detailed presentation on “Pakistan-Belarus Trade Prospects”, particularly highlighting Pakistan’s demographic advantages, political and economic strength and trade potential. Referring to the excellent political relations between the two countries, Ambassador Khan pointed out that the existing trade ties was much below the potential, which crossed US $ 52 million during 2020. He urged the participants to take advantage of the improving trade and investment climate in Pakistan in the context of the government’s initiatives and reform agenda.

Mr. Nasir Hamid, Minister (Trade & Investment) at the Embassy of Pakistan, Moscow also briefed the participants over investment and tourism potential of Pakistan through video link. He highlighted the rich economic prospects offered by China-Pak Economic Corridor (CPEC) and the benefits of enhanced regional connectivity for the firms investing in Pakistan as the project nears fruition.

Two short video documentaries on Pakistan were also screened for the participants after which detailed Q&A session was held, whereby the queries of the participants, both of those attending physically as well as those virtually were addressed. Ambassador Khan subsequently met with the individual businessperson at the networking session responding to the precise queries of Belarusian businesspersons regarding exports, certifications, payments and other procedures. The guests were also entertained with a select Pakistani cuisine.

The event was organized as part of the efforts of the Mission to galvanize the business community in the spirit of government’s initiative to add emphasis to economic diplomacy and facilitate the increase in national exports.

Employers warmly welcome EFP awards

KARACHI: The Employers’ Federation of Pakistan’s well sought and prestigious award has received overwhelming response and subscription this year. A record number of multinational organizations and medium to large scale organizations have registered up to now. The number has surpassed by 60% considering EFP’s eight years’ history of holding the award contest, showing tremendous enthusiasm of employers.

Welcoming the registered contestants, Zaki Ahmed Khan, Vice President and Focal Person of EFP reiterated the commitment towards recognition of the best performing employers in the country and reinforced the efforts by mentioning the transparency in recognizing the winner of the award. A committee comprising of high reputed professionals of the field has already been announced to be chaired by Zaki Ahmed Khan.

“This year 9 different contest areas are announced including Corporate and General Management, Human Resource Management and Employment Practices, Labor Laws and Core ILS Compliances, Working Conditions – Health and Safety at Work, Corporate Social Responsibility (CSR), Training and Skills Development Initiatives, Compliance with Social Protection Floors, Strategic Alignment with SDGs, Women Empowerment, and Response to Covid-19 Challenge”, he added.

Awards will be announced on 16th March 2021, mentioned by Zaki Ahmed Khan.

ICCI calls for new policy reforms to get rid of IMF lending

ISLAMABAD, FEB 19 (DNA) – Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce & Industry (ICCI) has called upon the government to focus on new policy reforms in order to generate indigenous resources instead of depending on IMF loans to run the economy as borrowing from IMF is not a long-term solution to address the issues of the economy.

He said that injection of fresh cash into a bleeding economy without making structural reforms would not help Pakistan to overcome its economic problems.

He said that by making frequent borrowings from IMF, Pakistan has been piling up its foreign debt burden thus making future of taxpayers and our generations bleaker. He said this while addressing a meeting of business community at Islamabad Chamber of Commerce & Industry.

Sardar Yasir Ilyas Khan said that the government was not taking the business community in the loop while finalizing borrowing programs with the IMF. He said that the main reason for the fiscal deficit was that the government was spending more than generating revenues due to low tax collection. He said that the government’s economic and tax policies were not helpful for a conducive business environment due to which potential taxpayers were shying away from coming into the tax net.

He said that the government has recently further hiked the electricity tariff by Rs.1.95 per unit which will further enhance the cost of doing business while notices from FBR to businesses for late tax filing will also discourage the new taxpayers from coming into the tax system.

He said that ever since the signing of the last financing facility with IMF, the government has depreciated rupee by almost 40 percent, made repeated hike in prices of electricity, gas and oil products and increased import duties to pass on all the liabilities of IMF to the businesses and the general public. However, all these measures have combined to make a great increase in the cost of doing business.

ICCI President urged that Pakistan must expand its tax base to address the issue of fiscal deficit. However, for increasing tax revenue, the government must focus on drastic tax reforms to make the complicated tax system easy and simple for taxpayers and avoid all coercive tactics, which shatter the confidence of the business community. He said that the government should take Chambers of Commerce & Industry on board to bring non-filers into the tax net because without broadening the tax base, Pakistan would never be able to reduce the fiscal deficit, generate surplus revenue and get rid of foreign debt burden.

Sardar Yasir Ilyas Khan said that Pakistan was mostly dependent on limited items for exports like textiles, surgical instruments, leather products and urged that the government should give more focus to promoting exports of agricultural, IT, engineering, pharmaceutical and other non-traditional products in which the country enjoyed competitive advantage.

He said that tourism was another potential area to earn billions of dollars for the country and the government should announce attractive incentives for the private sector to invest in tourism infrastructure development on a public-private partnership model. He said that Dubai generated around USD 22 billion and UK around Pound 106 billion from tourism and Pakistan could also strengthen its economy by promoting tourism for which conducive policies were needed.=DNA

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Zamir Kabulov, COAS Gen. Bajwa discuss regional security

RAWALPINDI, FEB 19 (DNA) – Zamir Kabulov, Russian Presidential Envoy to Afghanistan called on General Qamar Javed Bajwa, Chief of Army Staff (COAS) at GHQ.

During the meeting matters of mutual interest, regional security situation particularly developments in Afghan Peace Process were discussed. COAS said that peace in both countries is in greater interest of the region.

The visiting dignitary appreciated the positive role being played by Pakistan for Afghan Peace Process and expressed that , Pak-Russia relations will continue to prosper manifolds. Both sides reiterated the commitment to enhance bilateral relationship.=DNA

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Ambassador Muhammad Hassan visits Al-Azhar University in Jakarta

JAKARTA, FEB 19 (DNA) – Ambassador Muhammad Hassan, accompanied by the Deputy Head of Mission, Mr. Muhammad Faisal Fayyaz, visited Al-Azhar University, and the Al-Azhar Foundation in Jakarta today. At the university, the Ambassador was received by Professor Dr. Ir. Asep Saefuddin, the Rector of the University and a renowned academic.

During their detailed meeting, both sides discussed the possible areas of cooperation between the university and the Embassy. Ambassador Hassan highlighted the need for enhanced educational collaboration between the universities of Pakistan and Indonesia especially the exchange of students and faculty, for the mutual benefit of both countries.

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Later on, the Ambassador visited the Al-Azhar Mosque, where he was received by Honorable Prof. Dr. Jimly Ashiddique, the chairman of the supervisory board of the Al Azhar Islamic Education Foundation (YPI Al Azhar), and Drs. Sobirin, Chairman of the Executive Board of the Foundation.

At the mosque, the Ambassador delivered a speech covering the current status of bilateral relations between Pakistan and Indonesia, especially in the fields of educational collaboration and Islamic affinity.

The Ambassador also touched upon the issues being faced by the Muslim Ummah today, including Islamophobia, Palestine, and Jammu & Kashmir dispute. He described in detail, the ongoing wave of intolerance and state sponsored repression against minorities (especially Muslims) in India with special reference to the plight of the Muslims of the Indian Illegally Occupied Jammu & Kashmir (IIOJK).

The Ambassador conveyed Pakistan’s strong rejection to the illegal actions of the Indian Government, of trying to bring the demographic changes in the area. He expressed firm resolve of the Government of Pakistan to support the case of Jammu & Kashmir at all forums. He also urged the Indonesian brothers and sisters to raise their voices against this injustice being done to the Kashmiri Muslims.

At the end, Ambassador Hassan appreciated the great service being done by the Al-Azhar Foundation Indonesia, in promoting education across the country and expressed desire to work together with the foundation in bringing the people of the two brotherly countries closer.

Al Azhar foundation is one of the biggest and the oldest organization in Indonesia, established in 1952. The organization has more than 200 institutions under its umbrella, from Kindergarten to High Schools and a University. The Embassy of Pakistan and Al-Azhar foundation have a history of close collaboration, and both sides are working to further enhance this partnership.=DNA

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Pakistan wants enhanced trade and economic relations with Vietnam

ISLAMABAD, FEB 19 (DNA) – President Arif Alvi has asked for enhanced economic and trade relations with Vietnam. He said that Pakistan highly valued its ties with Vietnam in all spheres of bilateral and multilateral interactions. He stated this while talking to Pakistan Ambassador-designate to Vietnam, Ms. Samina Mehtab, who called on him, at Aiwan-e-Sadr, today.

The President emphasized the need for further expanding bilateral ties with Vietnam in all areas of mutual benefits. He asked the Ambassador-designate to work for promoting trade and commercial relations with Vietnam as Pakistan offered immense investment opportunities and Vietnamese business community needed to benefit from investment-friendly environment of Pakistan.

He asked the Ambassador to work for promoting the prestige and image of the country as well as highlight the tourism potential of Pakistan which is a good destination for the Vietnamese tourists with Buddhist Gandhara civilization.

The President underscored the importance of bilateral political and cultural exchanges at the highest level and asked the Ambassador to explore the possibilities of such exchanges which greatly helped in further strengthening bilateral cooperation.

The President congratulated the Ambassador-designate over her appointment as Pakistan’s Ambassador to Vietnam and expressed the hope that she would work for further enhancing bilateral relations with Vietnam.=DNA

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Ambassador Arain presents his credentials to President of Gambia

Banjul, FEB 19 – Dr. Ali Ahmed Arain, High Commissioner of Pakistan to the Republic of The Gambia, with residence at Dakar, presented his Credentials to Adama Barrow, President of the Republic of The Gambia in an impressive ceremony held at the State House of The Gambia on 10 February 2021.

The High Commissioner was escorted to the State House by a large motorcade. He was received by the Head of State Protocol and the Chief of Staff of the President.

During the 30-minute audience, the High Commissioner presented his Letters of Credence to the President which accredited him as the High Commissioner of the Islamic Republic of Pakistan in The Gambia. The High Commissioner, on behalf of the President and the Prime Minister, conveyed best wishes to President Barrow, the Government and the people of The Gambia. He also shared proposals relating to cooperation in the fields of Higher Education, Agriculture, Trade, Defence, Infrastructure, Tourism and Information Technology. The High Commissioner expressed his desire to work for further strengthening the relations between the two brotherly countries.

President Barrow warmly welcomed the High Commissioner to the State House. Appreciating friendly relations between Pakistan and The Gambia, the President extended warm wishes to the President, Prime Minister and the people of Pakistan. He appreciated the proposed initiatives of the High Commissioner and assured that the government of The Gambia would do its best to get them materialized.

The High Commissioner thanked the President for such warm welcome and presented a hand-made Pakistani carpet, which he greatly appreciated.

Algerian president dissolves lower house of parliament amid calls for protests

Algerian President Abdelmadjid Tebboune has dissolved the lower house of parliament and called for snap legislative elections as activists have launched a campaign to mobilize the street again against authorities.

“I decided to dissolve the assembly and call elections to build a new institution,” Tebboune said in a televised address to the nation, without giving a date for the vote.

The five-year lower house of parliament was formed after the May 2017 election which saw allies of deposed President Abdelaziz Bouteflika winning a clear majority.

Tebboune described the dissolution of the parliament as part of reforms after voters approved amendments to the constitution aimed at giving parliament more powers in November last year.

He also announced that a government reshuffle would take place “within 48 hours at most”, and ordered the release of about 60 detainees of the “Hirak” protest movement that ousted his predecessor, Bouteflika, in 2019.

The release of protesters, who have been in detention since the protests broke out on February 22, has been one of the major demands of the Hirak.

“We have vowed to meet all demands raised by the Hirak,” Tebboune said in the speech.

His speech comes amid calls on social media to stage street marches to mark the second anniversary of the demonstrations.

The Arab Weekly reported that opposition activists launched a large campaign on social media to turn the movement’s second anniversary into a launchpad for a new wave of anti-regime protests.

The new announcements are seen as an attempt to appease protesters.

Thousands of people staged a protest in the town of Kherrata, the cradle of the Hirak, on Tuesday to mark the second anniversary of the movement, defying coronavirus restrictions.

They chanted “President Tebboune is a forger brought in by the army” and “the generals in the trash.”

The protesters called for “a civilian, not military state,” “the release of detainees” and “the exit of the authorities and the generals,” bringing back memories of the political protests that swept Algeria between 2019 and 2020 before the government banned marches in March last year as part of measures to curb the spread of the coronavirus.

Tebboune, once a prime minister under Bouteflika, was elected in December 2019 amid protests demanding the removal of the whole ruling elite, with many people boycotting the vote as they saw it as unfair and not transparent.

Ambassador of Qatar lauds excellent performance of NAB

ISLAMABAD, FEB 19 (DNA) – Sheikh Saoud Abdulrahman Al-Thani, The Ambassador of the State of Qatar to the Islamic Republic Pakistan called on Justice (RETD) Javed Iqbal, Chairman National Accountability Bureau (NAB) at NAB Headquarters here today and discussed the possibility of execution of Memorandum of Understanding (MOU) between Qatar and Pakistan.

It was agreed that the draft Memorandum of Understanding (MOU) be made available to H.E. Sheikh Saoud Abdulrahman Al-Thani, The Ambassador of the State of Qatar to the Islamic Republic Pakistan through proper channel for necessary action.

It was also assured by H.E. Sheikh Saoud Abdulrahman Al-Thani, The Ambassador of the State of Qatar to the Islamic Republic Pakistan that every possible help will be rendered to Pakistan Anti Corruption Academy (PACA).

It was further assured that the facility of training of NAB Officers/Officials will be considered in the main institutions of Qatar i.e: Rule of Law and Anti Corruption Center, Qatar.

Mr. Justice Javed Iqbal, Chairman, National Accountability Bureau appreciated the efforts being made by H.E. Sheikh Saoud Abdulrahman Al-Thani, The Ambassador of the State of Qatar to the Islamic Republic Pakistan to make the ties more stronger between Qatar and Pakistan. Honorable Mr. Justice Javed Iqbal, Chairman, National Accountability Bureau Chairman NAB apprised H.E. Sheikh Saoud Abdulrahman Al-Thani, The Ambassador of the State of Qatar to the Islamic Republic Pakistan about NAB’s National Anti Corruption Strategy in order to eradicate corruption from Pakistan and remarkable efforts to nab the corrupt elements and to recover looted money and deposit it in national exchequer as per law.

NAB during the present management of NAB has recovered Rs. 487 billion from 2018 to 2020 which is a remarkable achievement as compared to other anti corruption organizations with an overall conviction ratio of 68.8 percent. NAB is the focal organization of Pakistan under United Nations Convention against Corruption (UNCAC) as Pakistan has ratified and is signatory of UNCAC.

NAB is the chairman of SAARC Anti Corruption Forum. This was the recognition of NAB’s excellent work as NAB is considered as a role model among SAARC countries.

NAB’s anti corruption efforts have been acknowledged by the World Economic Forum, Transparency International Pakistan, Global Peace Canada, Mishal Pakistan and PILDAT. As per Gillani and Gallup survey, 59 percent people have shown trust upon NAB which gives NAB encouragement.

H.E. Sheikh Saoud Abdulrahman Al-Thani, The Ambassador of the State of Qatar to the Islamic Republic Pakistan lauded NAB’s excellent performance under the dynamic leadership of Honorable Mr. Justice Javed Iqbal, Chairman National Accountability Bureau (NAB) in order to make Pakistan corruption free considering it as our national duty through concerted efforts to eradicate corruption from Pakistan.=DNA

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