Home Blog Page 3292

‘New Delhi for dysfunctional the SAARC CCI in a real way to isolate Pakistan’s business community’

DNA

KARACHI, AUG 7 – FPCCI’s Businessmen Panel Secretary General (Federal) Ch. Ahmad Jawad said there was no use talking to India on the restoration of trade unless it restored the status of Illegal Indian Occupied Kashmir and clear its mindset for their neighbors.

Talking to newsmen, he said New Delhi even attempted to isolate us in SAARC region through SAARC apex trade body. India have started the lobbying with other member countries to dysfunctional the SAARC Chamber of Commerce and Industry in a real way because they don’t afford the presidency which relates to Pakistan for the period of two years”. he added. In this regard India Ministry of Commerce have initiated extensive working.

Jawad also told since 70 years bilateral trade was largely favoured to India which even against the wisdom of SAFTA agreement.

Indian exports continued unabated at a monthly average of $150 million while Pakistan’s decreased from $30 million to $4 million. Pakistan’s decision to suspend bilateral trade has pulled the plug on this one-way trade.

Neither Pakistan nor India is critically dependent on each other’s market, though the suspension of bilateral trade might, in the medium term, affect the consumer welfare by increasing prices of a few agricultural and other products.

As in absolute terms, India stands to lose a market of $2 billion compared with Pakistan’s loss of $0.38 billion. Pakistan’s exports of $383 million to India in 2018 constituted 1.6% of Pakistan’s global exports.

Since Pakistan’s value-added products are systematically excluded through NTBs, Pakistan’s exports to India are concentrated in a few primary and intermediate products — dried dates ($92 million), cement ($63 million), sugar ($23 million), gypsum ($19 million), sesame seed ($15 million), leather ($14 million), steel scrap ($13 million), disodium carbonate ($12 million) and surgical instruments ($11 million).

There is little dependence of Pakistan’s exports on the Indian market for these products except for dried dates, though the reliance has been reduced through an aggressive market diversification strategy since February 2019.

Though India’s level of trade restrictiveness under the Overall Trade Restrictiveness Index (47.6) is more than double the Pakistani restrictiveness (22.2), the concealed Pakistan-specific NTBs have been the most constricting. A hostile mindset (considered to be the most restrictive of the NTBs), limiting visa policies, long waiting periods at borders and, above all, the harassment of Indian importers doing business with Pakistan have greatly restricted trade.

He also told even in a recent report by the Indian Ministry of Commerce, acknowledged that Indian businessmen importing from Pakistan were subjected to surveillance by Indian intelligence agents and their import goods were subjected to multiple security screening”. Unsurprisingly, every round of trade liberalisation during the last two decades led to only one-side gains.

Similarly, Businessmen Panel also hailed the Federal Cabinet decision to approved a new political map of Pakistan, which was a giant step as it reflected desire of the whole nation as well as business community of the country.

The new map also shows Siachen as a part of Pakistan. “We are challenging their India illegal occupation and claiming our right to the area through the map.

FWO completes most work of three sewerage drains clearance: NDMA

KARACHI : The Frontier Works Organisation (FWO) has completed most part of its cleaning work of three main sewerage drains of Karachi on the fourth day of its clearance operation.

The National Disaster Management Authority (NDMA) was tasked to clean the sewerage drains in Karachi by Prime Minister Imran Khan, last week.

The FWO continued to clean sewerage drains in the port city. According to NDMA spokesperson, FWO has completed 95 percent clearance work at three biggest sewerage drains of Karachi, Gujjar Nullah, Korangi and Muwachh Goth Nullahs. “The cleaning work of these sewerage drains will be completed by this evening,” the spokesperson said.

“The FWO has cleared Gujjar nullah, 95 percent, Korangi nullah, 100 percent and 90 percent of Muwachh Goth till now,” according to the spokesperson.

Till now 40 chocked points out of total 42 at three sewerage drains have been cleared.

“Gujjar nullah, 89pc, Korangi nullah, 85pc and 75 pc of Mawach Goth nullah has been cleared”, said the NDMA spokesperson.

Yesterday, around 8,500 tons of garbage removed from the three major sewerage drains of the port city, as total 30,000 tons lifted from the three drains so far.

Chairman NDMA has been in regular contact with the FWO and other concerned departments with regard to the clearance work, spokesperson said.

Prime Minister Imran Khan is being briefed about daily progress of the cleaning drive in Karachi.

It may be noted that, Pakistan Meteorological Department (PMD) has forecast monsoon rainfall in Karachi on Friday and Saturday.

Heavy downpour may generate urban flooding in Karachi and Hyderabad and flash flooding in hill torrents of Khuzdar on Friday and Saturday, the met office said in an advisory.

Huawei revenue swelled to US$64.3 billion by spanning 5G

DNA

Islamabad 07 AUG : Huawei top brass are making a rare appearance in the limelight this week at an online summit for customers and media. The modest conference over several days is a shadow of the expansive company events of the past, like the annual Shanghai confab where 20,000 customers would pack out a convention center.

But even so, the intense interest in the company meant the event caught the attention in advance of international media.The title, “Better World,” gives a sense of the charm offensive nature of the event. The driving theme is the potential for 5G, Huawei and mobile in general to tackle the coronavirus and drive the recovery, not to mention help deal with climate change.

Guo Ping, the current rotating CEO, pointed to the company’s healthy 450 billion-yuan (US$64.3 billion) revenue from a “complicated” first half and promised to continue investing heavily in R&D.

“We’re keeping focus and doing what we do best,” he said, hitting some familiar talking points. “We play a vital role in the global ICT industry… We have a broad set of capabilities spanning 5G, cloud, AI and industry applications.”

For operators rolling out 5G, he advised: “Prioritize customer experience and spend money where it is needed most to maximize value of existing networks.

“5G deployment should prioritize hotspots and key industry applications. This is the only way to unlock the potential of 5G.”

Some of Huawei’s efforts in unlocking 5G’s potential are of genuine interest to the wider industry.

Guo spent some time on the role of Huawei and partners during the pandemic crisis early this year. China Telecom famously built a pop-up 5G network in 24 hours that allowed, among other things, doctors to carry out remote ultra-sounds from 700km away.

Telemedicine was one of nine areas where the telecom industry can help deal with COVID-19 and assist in the recovery, Guo said.

Beyond healthcare, he cited manufacturing, aviation and smart city use cases.

He said a Chinese aircraft maintenance firm was now carrying out remote aircraft inspection with the help of 5G-enabled 4K livestreams, cutting labor cost alone by nearly four-fifths.

In aviation, Hong Kong airport’s 5G private network had created a new ecosystem for the airport and partners, with the ability to analyze passenger and baggage flows and enable baggage tracking and self-driving baggage trucks.

In Xiong’an, the new development hub under construction near Beijing has 7,400 5G base stations that deliver network slices for smart banking, autonomous driving and environmental monitoring.

Guo said the expansion into smart city services was “a clear trend” among carriers in which they could use 5G, edge and cloud to deliver services without adding significantly to their existing cost burden.

“Three Gorges” drives Pakistan’s development: Cheng Xizhong

BEIJING, August 7 (DNA): Chinese scholar Prof. Cheng Xizhong said “Three Gorges” Dam will play an important role in Pakistan’s overall socio-economic development.

In an article carried by Gwadar Pro on Friday, he said after successful construction, Diamer-Bhasha Dam, 272 meters high, will become another large hydropower project in Pakistan after Tarbela and Mangla hydropower projects.Construction of  the dam will be jointly undertaken by Power Construction Corporation of China and Frontier Works Organization (FWO) of Pakistan.

It is planned to be completed in 2028 with a total installed capacity of 4.5 million kilowatts, which can deliver 18 billion kilowatts of electricity to the State Grid every year.

According to Cheng, for many years, construction of Diamer-Bhasha Dam in Pakistan has been an issue of public concern. Due to well-known reasons, the list of 22 major projects in the first phase of the China-Pakistan Economic Corridor (CPEC) could not include the project.

In 2013, Pakistan’s Water and Power Development Authority (WAPDA) issued a request for proposal to American, British, German companies, and after that, also asked the World Bank, the Asian Development Bank, the United States and China for financing assistance.

In July 2018, Pakistan established a fund to raise funds for the project at home and abroad. Some years ago, some Pakistani officials suggested that this project might be included in the list of  CPEC.In his view the projects entering the list of the CPEC need sufficient preliminary feasibility studies. Diamer-Bhasha Dam is located in a steep terrain with great technical difficulties. Therefore, technical studies are particularly required.In the absence of feasibility and technical studies, the two sides were unable to have specific project discussions, nor could the project be included in the CPEC list.

Diamer-Bhasha Dam will be the largest water conservancy project in Pakistan. When construction is completed, it will be the world’s highest and largest roller compacted concrete ( RCC) dam project, known as Pakistan’s “Three Gorges”.The Chinese scholar further said that the construction of Diamer-Bhasha hydropower project has at least six major benefits. First, it is conducive to local drought and waterlogging prevention and improvement of hydrological environment.Second, it will produce a large amount of low-cost and environment-friendly electricity to alleviate the local power supply shortage.And third, it will promote the local economic development and improve living conditions of the local people; fourth, it will promote the development of steel, cement and construction industries and create a large number of jobs.Fifth, it will promote the development of tourism in northern Pakistan and sixth, it will drive the development of the entire northern part of Pakistan.

COVID-19: Tourists can enter Gilgit tomorrow after showing medical reports

The Government of Gilgit-Baltistan has green signalled to resume tourism-related activities in the province, Chief Minister’s(CM) spokesperson on Friday said.

The Caretaker Chief Minister Mir Afzal Khan has issued instructions to open the tourism sector in the province with the implementation of standard operating procedures (SOP)s.

The admission of visitors will be subject to the clearance of medical reports, the spokesperson said, adding that the tourists will be allowed to enter the province from tomorrow.

Pakistan to open dine-in restaurants, salons from August 10

Yesterday, Planning and Development Minister Asad Umar had announced to reopen dine-in restaurants and beauty salons across Pakistan on August 10 as the efforts against the coronavirus pandemic seem to bear fruit.

Umar had added that a review on the decision to reopen educational institutes on September 15 would be done on September 7. Businesses would go back to their normal pre-coronavirus timings as well.

Sports and games would be allowed to resume but without spectators, and pillion-riding was permitted as well, he said. Travelling in public transport while standing, however, will not be allowed, he added.

Beauty parlours, exhibition centres, and shrines were being allowed to open, he had said, but warned people to follow the SOPs in large gatherings at the shrines and seek permission from the administration before events that may attract crowds.

“The hospitality sector, restaurants, cafes… a lot of people work in this sector and they were facing a lot of hardship,” he stated. “So outdoor and indoor establishments will reopen on Monday, August 10.”

However, the restrictions on passengers in train and airplanes were to continue until September.

“Passengers will be able to travel on the airplanes in a normal manner from October 1,” Umar had said. “The situation was brought under control with the cooperation of the people.

The move to reopen the country came following a meeting of the National Coordination Committee (NCC) and discussion on recommendations in the National Command and Operations Centre (NCOC), he said, referring to the primary body overlooks the efforts against the coronavirus pandemic in Pakistan and that he heads.

Increase in population may lead into water scarcity, says Yasmin Rashid

LAHORE: Punjab Health Minister Dr Yasmin Rashid on Friday cautioned that increase in population may lead into scarcity of water.

This she stated while her visit to the Water and Sewerage Authority (WASA) head office in Lahore. She was briefed about situation of water in the city.

Referring to population increase, the minister urged people of Punjab to avoid wasting water, as they may face shortage of it. Yasmin Rashid lauded the authorities of WASA for developing under ground rainwater storage projects.It may be noted that the Punjab government had decided to expand its underground rainwater storage project to other cities of the province after Lahore.

The approval was given by Chief Minister Sardar Usman Buzdar in a high-level meeting chaired by his in the provincial capital.

CM Buzdar had said that rainwater storage projects will be started in big cities of Punjab and the reserves will be used in horticulture.

“The rainwater could also be made drinkable after purification”, he added.

IHC constitutes larger bench to hear Kulbhushan Jadhav case

ISLAMABAD : The Islamabad High Court (IHC) has constituted a larger bench to hear case pertaining to the appointment of legal representative for spy and agent of intelligence agency Research and Analysis Wing (RAW) Kulbhushan Jadhav.

According to details, the bench includes IHC Chief Justice Athar Minallah, Justice Amir Farooq and Justice Mian Gull Hassan Auranzgeb.

The hearing will begin from September 3. The details regarding formation of the larger bench have been uploaded at the website of the IHC.Yesterday, Pakistan had recontacted Indian government to appoint a legal representative for spy and agent of intelligence agency Research and Analysis Wing (RAW) Kulbhushan Jadhav, said Foreign Office Spokesperson Aisha Farooqui.

Jadhav has been in Pakistan’s custody following his arrest from Balochistan in a counter-intelligence operation on March 3, 2016. During investigation, he confessed to his involvement in terrorist activities inside Pakistan that resulted in the loss of many precious human lives.

He also made important revelations about RAW’s role in sponsoring state terrorism in Pakistan.

Park Lane reference: Accountability court to indict Zardari on August 10

ISLAMABAD : The accountability court rejected former president Asif Ali Zardari’s petitions on Friday and directed that the PPP leader be indicted on August 10.

Accountability Court’s Judge Azam Khan rejected the former president’s petition to dismiss the reference against him,  adding that the court will issue its written orders with directives today.

The indictment of the PPP leader was postponed due to various petitions filed by his lawyer against the reference.

Last month, former president Asif Ali Zardari’s lawyer had moved a petition challenging the accountability court’s (AC) jurisdiction to hear the Park Lane reference.

Farouk H Naek requested the court to decide the petition before the trial began.

NAB’s Deputy Prosecutor General Sardar Muzaffar Abbasi had opposed the petition and requested the court to dismiss it as being baseless.

Background of the Park Lane reference

A Karachi-based private company, Park Lane Estate Pvt Ltd, had purchased almost 2,500 kanals of land near Sangjani from Faisal Sakhi Butt, who himself purchased the land from a Pakistani American living in Houston, Texas in the USA, named Muhammad Nasir Khan, for merely Rs62 million.

Nasir Khan was the original purchaser of this land in 1994 and was alleged by NAB in 1997 to be the frontman of Zardari in the Ehtesab Bureau reference filed against him in 1997.

However, all the legal requirements were met and followed in the purchase and transfer of this land from one man to another and then to Park Lane Estate Pvt Ltd, which was a Karachi based company. According to the Form-A Annual Return of the company, its share capital, as reflected in the SECP record then, showed it had 120,000 shares of which Asif Ali Zardari and Bilawal Bhutto Zardari own 30,000 shares each.

Zardari was shown as a director and his son was a member with four others who appear as members and debenture holders.

In 1997 the Ehtesab Bureau of Mian Saifur Rehman, initiated a case against Mr Zardari while the FIA had arrested some persons in the case. Media reports in 1997 had then stated that Zardari had forcibly acquired this 2,500 kanals of land uprooting 300 families to set up a polo ground and a riding pavilion in Sangjani, 25 minutes from Islamabad.

Former Ehtisab Bureau chairman Saifur Rehman had told a news conference on June 10, 1997, that the then chairman of the CDA, now late Shafi Sehwani, a PPP-appointee, was also involved in the land scam. Some local residents including Sardar Ishaque, Raja Mehboob Elahi and Haji Bashir had appeared before reporters and had claimed that they had been forced to sell their land at a throwaway price in 1994 and Zardari wanted to build a polo ground in Sangjani.

It was then alleged that a US resident Nasir Khan had been used as frontman by Zardari. According to a 1997 news report, Nasir Khan was instrumental in making deals with the owners, whose lands were forcibly acquired by the revenue administration of Islamabad not for any official projects but for private ownership of Nasir Khan, who was acting at Zardari’s behest.

ANF soldier martyred in Islamabad

ISLAMABAD: A soldier of Anti-Narcotics Force (ANF) was martyred during an operation against drug-peddlers in Islamabad on Friday.

The ANF team on a tip-off raided at a house in Barakahu, an area of Islamabad over presence of drug-peddlers. Seeing he team the smugglers opened fire, which resulted in martyrdom of a personnel.

After the shootout, more contingent of police were called on. The smugglers are hiding in a house, said sources.Last month, two personnel of Anti-Narcotics Force (ANF) were martyred and six injured in an attack lodged by terrorists in Mashkel tehsil of Balochistan.

The ANF spokesperson had said that two officials were martyred and six injured in a rocket attack and firing resorted to by a group of terrorists and smugglers. In the incident, two vehicles were completely destroyed.

It emerged that the raiding team of ANF were returning to headquarters after seizing a huge quantity of narcotics. Later, a group of 50-60 assailants attacked the ANF team.

PM Imran Khan to arrive in Lahore on a day-long visit today

ISLAMABAD: Prime Minister Imran Khan will visit Lahore for a day on Friday (today).

During the visit, PM Imran will meet Chief Minister Usman Buzdar and MNAs. He will also chair the meeting of NCOC meeting on Housing and Construction.

Moreover, the premier will also address civil servants specially secretaries, commissioners and police officers via video link.

He will also inaugurate Ravi Development Authority and will address the ceremony.

Earlier on February 15, Punjab Chief Minister Usman Buzdar met with Prime Minister Imran Khan in Lahore at Governor House.

During the meeting, matters related to the overall political, security situation of the province were discussed.

CM Buzdar had briefed the prime minister on the ongoing development projects in Punjab. Usman Buzdar briefed the premier about the steps taken by Punjab government to curb inflation.

He had also informed PM Khan about the distribution of Sehat Insaf cards in the province. The meeting was attended by Punjab Chief Secretary and other officials.

Stay Connected

64FansLike
60FollowersFollow

Latest Reviews

Exchange Rates

USD - United States Dollar
EUR
1.17
GBP
1.35
AUD
0.71
CAD
0.72