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Pak-China to boost security cooperation, plan joint Police exercises in Xinjiang

Pak-China to boost security cooperation, plan joint Police exercises in Xinjiang

ISLAMABAD, SEPT 21 (DNA) – Federal Interior Minister Mohsin Naqvi met with a high-level Chinese delegation led by Minister for Political and Legal Affairs Chen Mingguo. Federal Minister for Interior warmly welcomed Minister Chen Minguo and his delegation upon their arrival at the Ministry of Interior. During the meeting, it was agreed to enhance cooperation in various fields, including counter-terrorism, cross-border cooperation, anti-smuggling, and anti-narcotics efforts.

During the meeting Pakistan-China relations, particularly with Xinjiang, and matters of mutual interest were discussed. During the meeting, it was agreed to conduct joint police and paramilitary forces exercises in Gilgit-Baltistan or Xinjiang and train Gilgit-Baltistan police officers at the Xinjiang Police Academy.

During the meeting, it was also agreed that comprehensive measures would be taken to against terrorism which is a global issue. It was also decided that a Pakistani delegation, led by the Federal Secretary of Interior, would soon visit Xinjiang to enhance mutual cooperation.
Chinese Minister Chen Mingguo also invited Federal Interior Minister Mohsin Naqvi to visit Xinjiang.

Mohsin Naqvi said that Xinjiang province is of vital importance for Pakistan in it’s relations with China. He underscored that besides being Pakistan’s neighbor, we have a 600-kilometer-long border with Xinjiang. He added that the China-Pakistan Economic Corridor (CPEC) project also passes through Xinjiang. He emphasized that Pakistan wants to completely eliminate smuggling of drugs, arms, and all other goods. He noted that the visit of the Pakistani delegation to Xinjiang would open new avenues for strengthening mutual cooperation.

Minister Chen Mingyuo expressed the desire to enhance relations with Pakistan in all fields. He said that terrorism is a common problem, adding that Xinjiang had suffered from it for many years. He highlighted that Pakistan can benefit from Xinjiang’s experience in counter-terrorism. Pakistan-China relations, particularly with Xinjiang, and matters of mutual interest were discussed during the meeting.

The Chinese delegation included Xinjiang’s Deputy Secretary of the Committee of Parliamentary and Legal Affairs, Executive Director General of Police, and Vice President of Xinjiang Police Academy. Secretary Interior Khurram Ali Agha, Special Secretary Interior Waqas Ali Mahmood, and Additional Secretary Interior Nazar Muhammad Buzdar were also present on the occasion.

Tariff relief expected as govt completes IPPs’ review: minister

Tariff relief expected as govt completes IPPs' review: minister

ISLAMABAD: Federal Minister for Power Awais Ahmad Khan Leghari has said that the masses will get relief in electricity tariffs in the coming weeks as the the Power Sector Task Force has completed its review of Independent Power Producers (IPPs) and state-run power plants, The News reported on Saturday.

“The committee has been provided with all necessary information regarding the IPPs […] We will soon share the good news with the public about the IPPs,” Leghari said during a briefing to the Senate Standing Committee on Power.

The minister’s remarks come at a time when Prime Minister Shehbaz Sharif-led coalition government is under the spotlight over sky-high electricity tariffs which have further burdened the inflation-weary masses.

Owing to the flak received regarding the IPPs, the government has been renegotiating contracts with the power produces to rein in “unsustainable” electricity tariffs — the highest in the region.

The announcement regarding relief in tariffs follows the Power Division’s earlier statement on a relief of up to Rs2.65 (tax inclusive) in electricity bills for September courtesy of fuel adjustments.

Combining both the adjustments, agricultural and domestic consumers using up to 300 units would get relief of Rs2.19 per unit in their September bills, while Rs2.65 per unit (tax inclusive) would be provided to other consumers, the Power Division had said.

Expanding on the measures taken up by the government, Leghari informed the Senate committee — chaired by Senator Mohsin Aziz — that the task force had conducted a comprehensive assessment of the return on equity (ROE), operation and maintenance (O&M) costs, and outstanding dues of the IPPs.

Noting that the review also included a thorough evaluation of investment technology and associated costs for each plant, he said: “All work is being carried out with the confidence and consent of the IPPs.”.

Further announcements regarding progress with IPPs will be made in the coming weeks, the minister remarked.

During the meeting, the forum addressed a significant public concern regarding electricity over-billing, brought to light by Senator Palwasha Muhammad Zai Khan in the August 30 meeting. The senator had criticised the indifference of officials to consumer grievances and shared her family’s experience of having to visit the power office 28 times in three months due to incorrect meter readings.

Senator Palwasha condemned the behaviour of officials, likening it to mafia conduct, and called for stringent action against those responsible. She proposed referring the matter to the Federal Investigation Agency (FIA) to dismantle the alleged group behind the malpractice and set a precedent for accountability.

Committee Chairman Senator Mohsin Aziz acknowledged the senator’s concerns, agreeing that the issue was of public importance and likely indicative of a broader problem, whereas a senior Power Division official confirmed that action had already been taken, including the transfer of the employee responsible for the faulty meter readings.

In response, Leghari remarked that the senator’s concerns fell under customer care, which is not directly part of electricity distribution companies.

Moving on, committee chair Senator Aziz stressed the urgent need to address electricity theft and over-billing, instructing the Power Division to clarify inconsistencies in reports regarding Bagasse-based IPPs and their tariff structures. He raised concerns over the pricing of bagasse, suggesting that its historical valuation has led to exploitation.

“We have no price of Bagasse,” National Electric Power Regulatory Authority (Nepra) Chairman Waseem Mukhtar informed the committee while acknowledging that the authority determines tariffs for Bagasse-based power plants.

It is to be noted that Pakistan’s eight bagasse-based IPPs, with a combined capacity of 259.28 megawatts, are operating under the 2006 power policy, with agreements set to expire between 2044 and 2049.

Additionally, the parliamentary panel also reviewed a detailed report on load-shedding and electricity distribution from Peshawar Electric Supply Company (Pesco) and Sukkur Electric Supply Company (Sepco).

A high-level inquiry into the allegations of corruption and poor performance of the Punjab Wildlife Department is necessary

A high-level inquiry into the allegations of corruption and poor performance of the Punjab Wildlife Department is necessary

A high-level inquiry into the allegations of corruption and poor performance of the Punjab Wildlife Department is necessary

If the inquiry finds evidence of wrongdoing, those responsible must be held accountable under the law. This would send a clear message that corruption and negligence will not be tolerated in the management of Punjab’s Wildlife.

Mumtaz Ahmed Bhatti

The Punjab Wildlife Department has a broad mandate that includes wildlife conservation, habitat protection, and the management of natural parks, zoos, and biodiversity centers. It is also tasked with enforcing wildlife protection laws, regulating hunting, and managing the breeding and rehabilitation of endangered species. The department’s collaboration with other governmental bodies, such as the Department of Communication and Works Punjab and the Department of Monitoring and Evaluation, is critical for the success of these projects.

Collaboration seems to have been fraught with challenges, including inefficiencies and questionable practices, leading to widespread dissatisfaction with the outcomes of the department’s work.The UGPP is part of a national effort to enhance Pakistan’s green cover, mitigate the impacts of climate change, and preserve biodiversity. It includes a variety of projects such as tree planting, the establishment of protected areas, and the restoration of degraded ecosystems.

The ADP, on the other hand, is an initiative aimed at the long-term development of infrastructure and services in the province, including the development of zoos, biodiversity parks, and wildlife habitats.The Department of Monitoring and Evaluation has expressed serious concerns regarding the quality of the wildlife department’s development work. In Lahore, Sargodha, Dera Ghazi Khan, Lal Suhanra, Jallo Park, and Taunsa, where new zoos and biodiversity parks have been built, evaluations by the government agency have pointed out significant shortcomings. These projects, which should have served as cornerstones of biodiversity conservation and environmental education, have fallen short of expectations, both in terms of construction standards and the ecological outcomes they were meant to achieve.

In addition to the concerns about substandard work, there have been serious allegations of corruption and malpractice within the Punjab Wildlife Department. These allegations range from mismanagement of funds to improper allocation of resources, and they have been compounded by the department’s lack of transparency and accountability. Complaints have emerged that funds earmarked for vital conservation efforts, such as the protection of migratory birds or the support of local communities living near wildlife reserves, have not been used effectively or honestly.

There are also reports of wildlife officers inflating the number of field visits they record in order to collect higher allowances. These field visits, which are crucial for monitoring illegal poaching, checking the progress of wildlife conservation projects, and ensuring compliance with regulations, are being underperformed in reality, while more visits are reported on paper. This not only undermines the department’s ability to carry out its mandate but also contributes to the growing problem of illegal poaching and habitat destruction in the province.The department’s apparent inaction regarding these allegations is particularly concerning.Instead it seems that the department has engaged in a pattern of covering up allegations rather than addressing them.

 Even from the highest offices, including the Chief Minister’s Office and the Minister of Forests, Wildlife, and Fisheries, there has been little to no effort to conduct transparent inquiries into the department’s conduct. This has eroded public trust in the department and its ability to protect Punjab’s natural heritage.Construction of zoos and biodiversity parks that do not meet the required safety and quality standards. The resulting infrastructure may be dangerous for both the animals housed within them and the visitors who come to see them.

The failure to adhere to proper construction standards can lead to environmental degradation, undermining the very goals of the UGPP and ADP. For instance, poorly constructed enclosures may allow animals to escape, or inadequate drainage systems may cause flooding and other environmental issues in sensitive habitats.Given the serious nature of the allegations against the Punjab Wildlife Department, it is clear that immediate action is needed. There have been widespread calls for the Chief Minister of Punjab to initiate a high-level inquiry into the department’s performance, particularly with regard to the UGPP, ADP, and other wildlife conservation initiatives.

Such an inquiry would provide the transparency and accountability that have been sorely lacking in the department’s operations.The inquiry should focus on several key areas. First, it should investigate the department’s handling of funds and resources, including the allegations of corruption and mismanagement. Second, it should examine the quality of the department’s development projects, particularly the involvement of civil engineers and other technical experts in ensuring that these projects meet safety and quality standards.Inquiry should assess the department’s effectiveness in carrying out its core responsibilities, such as protecting endangered species, preventing illegal hunting, and engaging with local communities.

If the inquiry finds evidence of wrongdoing, those responsible must be held accountable under the law. This would send a clear message that corruption and negligence will not be tolerated in the management of Punjab’s Wildlife. It would also help to restore public confidence in the department and ensure that future conservation efforts are carried out with integrity and professionalism.

Parliament’s Reckless Amendments

Qamar Bashir

Qamar Bashir

When Parliament passed the Supreme Court Procedure and Practices Act 2023, analysts, including myself, predicted that the government, if it came to power in a subsequent term, would soon realize the shortsightedness of this move, as it was enacted mainly to curtail the powers of the then-outgoing Chief Justice, Atta Bandial. This act, which was quickly passed by Parliament and endorsed by the President without thorough deliberation, lacked the collective wisdom and broad consultation that are essential for any successful legislation.

The main provision of the newly amended Supreme Court Procedure and Practices (SCPP) Act 2024 is to empower the Chief Justice to select the third member of his choice for the three-member committee responsible for determining the composition of Supreme Court benches. This role is of paramount importance, as it greatly influences the direction any given case will take.

While the current Chief Justice, whom the government believes it has empowered through this amendment, will soon complete his tenure, the next Chief Justice—who is largely perceived as being less favorable to the government—is expected to assume this power. This upcoming Chief Justice is likely to hold office for several years and could leverage this authority to challenge the vested interests of the government, potentially creating significant challenges for them in the future.

Parliament has passed other laws similarly, often drafted hastily and merely rubber-stamped, only for their flaws to become evident, requiring them to be reversed later. A notable example is the decision to replace retired judges with serving judges in the Election Tribunal. The ruling elite eventually recognized the mistake in this amendment and reverted to the original practice of appointing retired judges as presiding officers, highlighting the importance of foresight and careful legislative deliberation.

Governments knew very well that Laws enacted through thorough consultation, debate, and stakeholder engagement tend to be more effective and beneficial in the long term. For example, the Civil Rights Act of 1964 in the US and the Disability Discrimination Act (1995) in the UK underwent extensive deliberations, ensuring they addressed the complexities of societal issues, resulting in enduring positive impacts. Engaging stakeholders and following established procedures enable laws to consider diverse perspectives and prevent unintended consequences.

In contrast, laws passed hastily without due process often face resistance, reversals, and negative outcomes. The Farm Laws in India (2020), enacted without adequate consultation, triggered widespread protests and were eventually repealed. Similarly, the Prohibition laws in the US (1920-1933), passed without understanding societal implications, led to organized crime and corruption, demonstrating the pitfalls of bypassing rigorous scrutiny.

Ultimately, enacting laws through a set procedure ensures public trust, legitimacy, and adaptability. Comprehensive processes, like those behind the Social Security Act (1935) and the Affordable Care Act (2010) in the US, have led to long-lasting, impactful legislation that remains relevant and resilient, proving that deliberate, inclusive law-making yields more successful outcomes.

Contrary to the established principle that enacting or amending laws requires thorough scrutiny to ensure they provide long-term benefits to the general public, the government appears to be enacting laws and amending existing ones hastily, primarily in an attempt to maintain its hold on power. In doing so, they are deviating from established practices and legal norms, particularly the principle that laws should not be applied retrospectively. For instance, the retrospective amendments to the Election Act 2023 in Pakistan seem intended to alter the outcomes of elections conducted under that law, potentially undermining democratic principles and the legitimacy of the electoral process. Previously, election tribunals were required to resolve disputes within a stipulated six-month period. However, recent amendments introduced flexibility, allowing tribunals to seek extensions if cases were complicated or required more time.

The recent amendment to the Supreme Court (Practice and Procedure) Act 2024, signed by President Asif Ali Zardari, expands the Chief Justice of Pakistan’s power to select a judge for the committee overseeing the Supreme Court’s affairs, giving the Chief Justice more control over case assignments. The amendment also mandates that all hearings be recorded, with transcripts made publicly available.  Additionally, a sub-clause limiting the right of appeal was removed.

These amendments, initially seen as advantageous for the government, may soon backfire and cause more harm to the ruling party than to any other institution. The government is likely to confront the Supreme Court over its larger bench verdict, which restored the PTI as a political party and allowed independent candidates to join it. The live hearings and the availability of transcripts to the public are expected to attract significant media attention, potentially exposing inconsistencies in the government’s stance and strengthening the position of opposition parties, particularly the PTI. Moreover, the removal of limitations on the right to appeal may end up benefiting the PTI more than the government itself.

In established democracies like the United Kingdom, United States, and Germany, there is a strong emphasis on the principle of legal certainty, which ensures that laws remain consistent and predictable, especially in matters like elections. Once elections are held under a specific law, subsequent processes—such as seat allocation, party status determination, and legal challenges—typically follow the legal framework in place at the time of the election. This principle ensures fairness, transparency, and respect for the democratic process.

For example, in the US presidential elections, the Electoral College process and state laws governing elections remain fixed and unaltered throughout the election cycle. Any changes to election laws or procedures are implemented prospectively, not retrospectively, to avoid influencing the outcome of elections that have already taken place.

In the case of Pakistan, the government’s retrospective amendments to the Election Act 2023 appear to be an attempt to influence election outcomes and subsequent legal and procedural matters. Such amendments, especially if enacted with the intention of impacting ongoing court cases or the allocation of seats, violate the principles of legal certainty and rule of law. They create a sense of instability and undermine public trust in democratic processes.

Comparatively, established democracies typically avoid retrospective legislation that directly affects election outcomes. For instance, in the UK, the Representation of the People Act (which governs elections) undergoes amendments, but these are always applied to future elections. This ensures that the rules remain consistent throughout an electoral cycle, preventing any manipulation of election results post-facto.

Retrospective changes to election laws, as seen in Pakistan, can be perceived as attempts to manipulate the political landscape for short-term gains. Such practices can have long-term detrimental effects on democratic institutions, as they create an environment where electoral outcomes can be influenced by those in power, rather than reflecting the will of the people. In established democracies, any attempt to alter election laws retroactively would likely face strong resistance from the judiciary, civil society, and opposition parties, as it would be seen as undermining democratic principles.

The use of retrospective amendments to influence election outcomes and related processes, as observed in Pakistan, contrasts sharply with established democratic practices that prioritize legal certainty, fairness, and respect for the democratic process. To maintain the integrity of elections and democratic governance, it is crucial that any amendments to election laws be applied prospectively, ensuring that the rules in place at the time of the election remain the guiding framework for all subsequent actions.

Qamar Bashir

Former Press Secretary to the President

Former Press Minister to the Embassy of Pakistan to France

Former MD, SRBC, CEO, ATV

PTI allowed to hold power show in Lahore’s Kahna with 43 conditions tomorrow

PTI allowed to hold power show in Lahore's Kahna with 43 conditions tomorrow

Fixed timing from 3pm to 6pm, KP CM tendering apology for “vitriol” part of 43 conditions set by DC

LAHORE: The district administration of Lahore on Friday granted permission to the Pakistan Tehreek-e-Insaf (PTI) to hold its much-hyped power show in the provincial capital’s Ring Road, Kahna, tomorrow (Saturday) in line with the high court’s directives.

In a no objection certificate (NOC), the deputy commissioner has set 43 conditions for tomorrow’s public gathering, including fixing a time limit for the rally from 3pm to 6pm.

Moreover, the conditions also included that KP CM Gandapur “should tender apology publically for his vitriol during Islamabad Jalsa on September 8, whereas, all those under trial for hate speech in the previous public gathering shall not be allowed to participate/appear on stage”.

It added that no anti-state/anti institution sloganeering and statement be amde during the rally and restricted the PTI that “no Afghan flag to be hoisted and no Afghan paid manpower to be brought to Jalsa”.

https://www.scribd.com/embeds/771291382/content?start_page=1&view_mode=scroll&access_key=key-ghT9czyFTS4g6a2nojqP

“No proclaimed offender will participate/appear in Jalsa. If so facilitating their arrest will be responsibility of Administration of Jalsa, failing which Admin will be tried for abetment,” another condition read.

Incarcerated PTI founder and former prime minister Khan has termed the holding of rally a “do-or-die” situation and expressed optimism about the success of his party’s power show in Lahore.

Leader of the Opposition in the Punjab Assembly Malik Ahmad Khan Bhachar along with lawyers met the Lahore deputy commissioner to get permission for the rally.

The PTI leader and the district administration are bickering over the timing of the rally with the former insisting on extending the time limit to 11pm.

Negotiations are underway to finalise the rally’s time, as per sources.

Bhachar told journalists outside DC office that the final draft of the SOPs has not been issued yet and they would reach out to the authorities after its release.

The authorities denied permission to the Imran-founded party to hold the public gathering at Minar-e-Pakistan earlier today and deliberated on finalising a different venue.

Meanwhile, the party has expedited preparations and prepared a container for Khyber Pakhtunkhwa (KP) Chief Minister Ali Amin Gandapur. The KP chief minister will use the container for travelling to Lahore rally’s venue from Swabi, sources closer to PTI told Geo News.

Moreover, CM Gandapur will also address PTI workers in the central convoy in Swabi before departing to Lahore, they added.

Citing the installation of containers and heavy police deployments on the KP-Punjab border, a KP CM’s spokesperson announced that heavy machinery — including 50 cranes, shovels and other equipment — have been transported to the Peshawar Motorway which would be used to remove barriers on the way towards the Lahore rally’s venue.

The developments came after the Lahore High Court (LHC) earlier in the day directed the PTI to submit a request to the city’s deputy commissioner (DC) for holding the rally in the provincial capital while ordering the latter to decide on it by 5pm today.

Justice Muhammad Tariq Nadeem and Justice Farooq Haider heard the plea filed by PTI leaders Aliya Hamza and Sheikh Imtiaz Mehmood.

Likely arrests of ‘3,700 suspects’

On the other hand, the government devised a plan to arrest “3,700 suspects who are wanted and proclaimed offenders” in May 9 mayhem cases when they attend the Lahore rally, Punjab government sources revealed.

“Lahore police compiled data of the wanted persons via Safe City cameras and formed special teams who would be identified and arrested through the use of artificial intelligence and other modern technology,” they said.

The Imran Khan-founded party has been trying to hold rallies across the country for months but had been repeatedly denied permission by authorities citing security issues and other reasons.

Although they managed to hold a public gathering on September 8 in Sangjani, Islamabad.

The power show was soon followed by a crackdown against party leaders — some of who were even allegedly “picked” from within the parliament’s premises — for allegedly breaching the no objection certificate (NOC) issued by the administration as well as the “Peaceful Assembly and Public Order Bill, 2024” — a law which came into effect just a day ahead of the rally.

Malaysian PM to visit Pakistan on October 3

Malaysian PM to visit Pakistan on October 3

It is after five years that any Prime Minister of Malaysia is visiting Pakistan

Saifullah Ansar

ISLAMABAD: Malaysian Prime Minister Anwar Ibrahim will visit Pakistan on October 3. According to diplomatic sources, a high-level delegation along with Malaysian Prime Minister Anwar Ibrahim will also arrive in Pakistan.

It is after five years that any Prime Minister of Malaysia is visiting Pakistan and the former Malaysian Prime Minister visited Pakistan in March 2019, the sources said.

This will be the first visit of Anwar Ibrahim to Pakistan, diplomatic sources said.

Sources said that several agreements and memorandums of understanding will be signed during the visit of the Malaysian Prime Minister to Pakistan.

During his visit to Pakistan, the Malaysian Prime Minister will hold meetings with the Pakistani leadership including Prime Minister Shahbaz Sharif.

During the visit, mutual trade and investment will also be discussed and there will also be a special discussion on the Palestinian issue as both countries support a two-state solution to the Palestinian issue, diplomatic sources said.

PM orders third party audit of all FBR projects

PM orders third party audit of all FBR projects

Premier praised FBR Transformation Plan; encouraged officials to engage with taxpayers for feedback, recommendation

Abid Raza/DNA

ISLAMABAD: Prime Minister Shehbaz Sharif has instructed that a third-party audit be conducted on all projects under the Federal Board of Revenue (FBR) to enhance transparency and improve operational efficiency.

This directive was issued during a meeting chaired by the prime minister to review FBR’s operations on Friday.

The premier emphasised that the FBR is the backbone of the country’s economy, and its digitisation is a crucial milestone in the government’s economic reforms.

By improving revenue collection, Pakistan will be able to provide better services to its citizens and improve the social sector.

Additionally, the prime minister stressed the need to further strengthen FBR’s enforcement system, calling it a critical step for the country’s financial stability.

During the meeting, PM Shehbaz praised the FBR Transformation Plan, encouraging officials to engage with taxpayers for feedback and recommendations.

He reiterated the government’s commitment to promoting the private sector, describing a strong and thriving private sector as vital for Pakistan’s economic future.

The prime minister also urged swift action to combat smuggling, highlighting its detrimental impact on the economy.

The meeting included a detailed briefing on the FBR Transformation Plan, with participation from key federal ministers including Minister for Planning Ahsan Iqbal, Minister for Law and Justice Azam Nazir Tarar, Minister for Economic Affairs Ahsan Iqbal Cheema, and Minister for Finance Muhammad Aurangzeb, alongside other senior officials.

The Federal Board of Revenue (FBR) has reported a significant 71% increase in the number of tax return filers for the fiscal year 2023 (FY23), with an additional 2.2 million people filing, bringing the total to 5.3 million. The deadline for filing income tax returns for FY24 has been set for September 30, 2024.

Previously, FBR reported that in FY23, the FBR collected a total of Rs9.285 trillion ($33.22 billion), slightly surpassing the revised target of Rs9.252 trillion.

Income tax collection alone reached Rs4.512 trillion, exceeding its target by 21.25%. However, the sales tax collection fell short, bringing in Rs3.096 billion, missing the target by 14.16%.

For the first two months of the current fiscal year, the FBR collected Rs1.456 trillion, falling short of its Rs1.554 trillion target by Rs98 billion.

In July, Pakistan reached a Staff-Level Agreement (SLA) with the International Monetary Fund (IMF) for a $7 billion 37-month Extended Fund Facility (EFF), aimed at stabilising the country’s economy.

Finance Minister Muhammad Aurungzeb has repeatedly expressed his goal of increasing tax revenue to 15% of the country’s GDP by broadening the tax base to include retail, export, and agricultural sectors. The plan involves simplifying both direct and indirect taxation to create a fairer system.

Looking ahead, the government has set an ambitious revenue collection target of Rs12.97 trillion for FY25, a 40% increase over the target for FY24.

Nepal celebrates National Day

Nepal celebrates National Day

ISLAMABAD, SEPT 20 (DNA) – Federal Minister for Power, Awais Ahmed Khan Leghari, along with Ambassador of Nepal, Tapas Adhikari, and other dignitaries, participated in a cake-cutting ceremony to mark the Constitution Day and National Day of Nepal.

The event celebrated the close ties between Pakistan and Nepal, highlighting the spirit of friendship and cooperation between the two nations.

Finance Minister Muhammad Aurangzeb briefs ECC on State of the Economy

Finance Minister Muhammad Aurangzeb briefs ECC on State of the Economy

ISLAMABAD, SEPT 20 (DNA) – Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet today.

The meeting was attended by Minister for Industries and Production Rana Tanveer Hussain, Minister for Power Sardar Awais Ahmed Khan Leghari (virtual), Minister for Planning, Development & Special Initiatives Mr. Ahsan Iqbal, Minister of State for Finance and Revenue Mr. Ali Pervaiz Malik, Deputy Chairman Planning Commission, Governor SBP, and Chairman SECP, along with Federal Secretaries and senior officers from the concerned Ministries and Divisions.
At the outset, the Minister for Finance and Revenue shared an update on the current economic situation and macroeconomic stability achieved across all sectors of the economy. He said the currency was now in stable position with foreign exchanges at a 26-month high at the back of “very resilient and strong remittances flows”.
He said the IT exports had also stabilised at about 300 million monthly figure which was a great news for our export sector. He also lauded a steady growth in the RDAs with 165 million dollars inflows received last month.
He called the reduction in inflation to a single digit as a big story, hoping that inflation would further come down when the September data is released.
He described the situation with Current Account as very encouraging and noted the surplus of $75 million achieved in August. He hoped that with softer oil prices, a softer dollar and an aggressive rate cut which had already been reduced by 450bps, the current account situation would continue to be in a good position.
The Minister also spoke about the rejection by the government of all bids for treasury bills on Wednesday, saying the move was aimed at conveying the message that the government was under no desperation to borrow, and if it were to borrow, it would borrow at its own terms.
He urged the banking system to focus on lending to the private sector. He said the 450bps cut in policy rate and the resultant ease in borrowing would help the government reduce its single largest expenditure of debt servicing, and create room for the banking sector to step up and lend aggressively to the private sector.
Senator Muhamamd Aurangzeb also referred to the IMF Board meeting scheduled on 25th, saying that with the prayers of the nation and efforts made by the Prime Minister in association with bilateral partners, our local teams, administration and all our institutions, we would hear a good news on 25th and move on from there.
He noted that macroeconomic stability was not an end itself but a means to an end. He called it the basic hygiene and the building blocks that provide foundation to the whole edifice. We would move in the right direction on the basis of this approach, and ensure gradual stability in the micro sectors as well, he added.
Later, during the meeting, the ECC considered a summary from the Ministry of Industries and Production regarding the export of 40,000 metric tons of sugar to Tajikistan. In principle, the ECC approved the proposal; however, it directed that after further discussions with the Tajik entity, the final form of the sale agreement be brought back to the ECC for approval. Additionally, the Ministry of Industries and Production, in conjunction with the Trading Corporation of Pakistan (TCP), will lead this process.
The ECC also reviewed and approved another proposal from the Ministry of Industries and Production regarding the further export of 0.100 million metric tons of surplus sugar. The meeting was told that the price of sugar as per PBS data had shown a downward trend since July while sufficient stocks of sugar were available to meet domestic requirements up to January next year. After detailed discussions and deliberations, the ECC approved the export in line with the terms and conditions already decided by the ECC in its meeting on 13 June 2024.
In another agenda item, the ECC also reviewed a proposal from the Ministry of Interior concerning the release of funds through a Technical Supplementary Grant for Project Implementation Letters of HQ Frontier Corps (FC), Khyber Pakhtunkhwa (South). The ECC gave approval for the funds amounting to Rs. 456.600 million, and it will be released as Grant-in-Aid to the Interior Division for onward disbursement to HQ FC (South) in D.I. Khan for construction of eight women facilities in tribal districts.

China shifts from solar manufacturing giant to solar IP innovator

China to make greater contributions to healthy development of international human rights

ISLAMABAD, SEP 20 (DNA) — China is transitioning from a solar manufacturing powerhouse to a leading innovator in intellectual property (IP) as in 2022, China has accounted for over 80 per cent of capacity and production in all stages of the solar PV supply chain including polysilicon, wafers, cells, and modules.

Executive Deputy Director of China’s Photovoltaics Industry IP Operation Centre, Chen Wei informed the participants at the China IP annual meeting, citing the Photovoltaics IP Development Report for 2023 in Beijing, China Economic Net reported on Friday.

Beyond PV manufacturing, Chen also noted a significant increase in research and development (R&D) investment among Chinese firms. “Several Chinese PV giants have been allocating about 5 per cent of their business revenue to R&D in PV technology over the past years,” he said adding, “This is a significant investment given the specialised nature of PV technology.”

The manufacturing prowess and R&D investments have encouraged more Chinese enterprises and research institutes to innovate in the industry. In solar cell efficiency research, more and more Chinese solar enterprises and research institutes have become contributors to the best research-cell efficiency chart.

The chart, updated by the Colorado-based National Renewable Energy Laboratory (NREL), a national laboratory under the US Department of Energy, documents the highest confirmed conversion efficiencies for research cells for a range of solar technologies.

“Solar cell efficiency is a critical metric in the industry,” Chen explained adding, “It measures how effectively a solar cell converts sunlight into electricity. Higher efficiency means more power from the same surface area.”

The R&D push has driven a surge in intellectual property initiatives. As per data from the photovoltaics IP development report, China’s annual solar patent applications skyrocketed from 40.8 per cent of the global total in 2014 to 82.6 per cent in 2021, totaling more than 175,000 cumulative applications by 2022, taking up 48 per cent of the world’s total.

The country now holds 33,970 valid patents in key PV technologies including raw materials, wafers, cells and modules, representing 48% of the global total and equivalent to the combined number of patents from the U.S., South Korea, Japan and Europe, according to the photovoltaics IP development report.

To better harness the power of IP, Chen highlighted that efforts should be made to increase international patent protection through the Patent Cooperation Treaty (PCT) mechanism and to increase patents in more critical technology branches. “We need to focus on cultivating high-quality patents through improved writing and strategic portfolio management,” he said.

Industry forecasts suggest renewable energy could account for 76% of global power generation by 2050, with solar playing a significant role. “The peak of China’s solar IP operation is yet to come, but I believe it is on the horizon,” Chen concluded. —DNA

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