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RCCI Think Tank Session on Economy of Pakistan and Future Challenges

RCCI Think Tank Session on Economy of Pakistan and Future Challenges

DNA

Rawalpindi: The Rawalpindi Chamber of Commerce and Industry has organized a Think Tank session on “Economy of Pakistan and Future Challenges”. President RCCI Saqib Rafiq along with Chairman RCCI Think Tank and Group Leader, Sohail Altaf and Vice Chairman Think Tank and Former President, Raja Amer Iqbal  welcomed the Chief Guest  Dr. Ashfaque Hasan Khan (SI), renowned Economist and Director General, NUST Institute of Policy Studies (NIPS).

Senior Vice President Muhammad Hamza Sarosh, Vice President Faisal Shahzad, Immediate Past President Ch. Nadeem A. Rauf, Former Presidents, Executive Committee members, representatives from tax bar associations, women members & distinguished members of RCCI also attended the session.

In his welcome remarks President RCCI Saqib Rafiq shared the scope and aim of RCCI Think Tank and remarked that the idea behind this was not to identify the challenges and shortcomings in the economy but at the same time provide the viable solutions to address economic challenges.

Chairman Think Tank, Mr. Sohail Altaf said that Pakistan stands at a critical juncture in its economic journey. While we have made significant strides in recent years, we also face formidable challenges that require bold and decisive action. From structural weaknesses to external pressures, from socio-economic differences to environmental sustainability, the road ahead is fraught with both obstacles and opportunities.

Dr. Ashfaque Hasan appreciated RCCI’s initiative of Think Tank on Economy and assured his support and assistance for recommendations and input for policy reforms. Dr. Ashfaque Hasan also gave a detailed presentation on current economic challenges, historical data analysis and way forward to come out of the economic hurdles.

Vice Chairman Raja Amer Iqbal in his address shared historical background and data analysis on Pakistan GDP Growth and Debt obligations.

A detailed Question and Answer session was also held where participants asked questions on different factors, including, inflation, interest rate, cost of production, competitiveness, amnesty schemes, IMF loans, industrialization and debt payments.

Sitara-i-Imtiaz, President’s Award, and Tamgha-i-Imtiaz presented to outstanding officers

Eminent Scientists, Engineers honored with civil awards by Pakistan's president

RAWALPINDI, APR 23 /DNA/ – On behalf of the President of Islamic Republic of Pakistan, General Sahir Shamshad Mirza, Chairman Joint Chiefs of Staff Committee, conferred civil awards to the eminent scientists and engineers from strategic organizations for their meritorious services at the Investiture Ceremony held at Chaklala Garrison, Rawalpindi.

A total of 35 awardees were conferred with the awards, 7 x officers were awarded Sitara-i-Imtiaz, 15 x officers were awarded President’s Award for Pride of Performance and 13 x officers were awarded Tamgha-i-Imtiaz.

Chairman JCSC lauded the services of the scientists and engineers; hailing them as the nation’s unseen heroes. While addressing the awardees, the CJCSC said, “You, all, have selflessly contributed towards strengthening the foundations of a resilient nation; and for that, we are forever indebted to you.”

Pakistan may lose around 50 billion if 10 sticks cigarette packs are allowed

Pakistan may lose around 50 billion if 10 sticks cigarette packs are allowed

ISLAMABAD, APR 23 /DNA/ – Expressing profound concern, health activists questioned recent efforts by the tobacco industry to introduce 10-stick packs. This move, according to the activists, not only jeopardizes the progress made in tobacco control but also directly impacts children and low-income individuals, who are most vulnerable to the harmful effects of tobacco consumption.

Malik Imran Ahmed, Country Head, Campaign for Tobacco Free Kids, stated that the attempts for 10-stick packs by the tobacco industry are deeply troubling. It will not only undermine the progress made in tobacco control but also directly target children and low-income individuals who are most vulnerable to the harmful effects of tobacco consumption. Many countries in the world have banned single-stick and small-stick packet sales because they’re easier to purchase for children, youth, and low-income groups, and hence the health burden is very high.

Imran added that the tobacco industry’s claims of being one of the highest contributors to the economy are blatant lies. This contribution is forced in the forms of direct taxes. And even those taxes are not up to the benchmark recommended by WHO and World Bank. In fact, the tobacco industry is still making a profit from this situation by indulging in practices such as under-reporting, price adjustment, and pooling its products in the illicit market. If 10-packet cigarettes are allowed for export, there’s a solid chance that the tobacco industry will sell them in the local market. And when they’ll be questioned, they’ll say they’re counterfeit products. Therefore, to keep people safe, it’s better not to allow these packets in the first place. The tobacco industry doesn’t have any legal permits for these so-called export deals, and the burden caused on the national exchequer by these deadly products is much higher than these so-called export deals. So the government should stay vigilant.

Dr. Khalil Ahmad Dogar, Program Manager, SPARC, said that with approximately 31.9 million adults aged 15 years and above reported as current tobacco users, constituting nearly 19.7% of the adult population, the dire consequences of tobacco consumption extend far beyond individual health.

Dr. Khalil urged the government to take proactive measures to protect public health and prevent the exploitation of children and low-income groups by the tobacco industry. We call upon the authorities to reject any proposals that endanger the health and well-being of our citizens.

Pakistani Cultural, Educational Center inaugurated at Belarusian State University

Educational Center

DNA

Minsk, Belarus – In a significant stride towards fostering cultural ties and educational exchange, the Embassy of Pakistan in Belarus and the Belarusian State University of Culture and Arts (BSUCA) held an opening ceremony of the Pakistani Cultural and Educational Center today. The center was jointly inaugurated by Sajjad Haider Khan, Ambassador of Pakistan to Belarus, and the Vice Rector of the University, with numerous faculty members, media, and students in attendance.

Located at the heart of the university campus, the newly unveiled Centre provides for permanent display of cultural artifacts, literary works, coffee table books on Pakistan that highlight the cultural heritage and tourism attractions of Pakistan. The display also features exquisite artworks by renowned Pakistani artists and photographs that capture the picturesque landscapes of Pakistan. Additionally, the center is adorned with vibrant Pakistani truck art, handmade wall hangers, intricately embroidered bags and wallets, brass artefacts and wooden vases that showcase the rich artisan skills of Pakistan.

During the inauguration, Ambassador Khan expressed deep gratitude towards the university for hosting the center on its campus.

The Vice Rector of the University extended his appreciation to the Embassy for its generous contributions to the establishment of the center and praised the successful collaboration. The two sides reaffirmed their commitment to furthering cultural cooperation.

Punjab CM, Iranian President emphasize people-to-people contacts for bilateral growth

Punjab CM, Iranian President emphasize people-to-people contacts for bilateral growth

Lahore, APR 23 /DNA/ – Chief Minister Punjab Maryam Nawaz held a meeting with Iranian President Dr. Seyyed Ebrahim Raisi in Lahore today.

They reaffirmed commitment to enhancing cultural exchanges and fostering people-to-people contacts. The Chief Minister explained the measures taken in the province for socio-economic development and expressed a desire for close engagement with Iranian cities and provinces for mutual benefit and prosperity.

President Raisi appreciated the rich cultural history of the city of Lahore and expressed admiration for the poet of the East, Dr. Muhammad Iqbal, who is revered in Iran as “Iqbal-e-Lahori”.

Wakhan Corridor: Vital for CPEC and BRI

Qamar Bashir

By: Qamar Bashir

An important development that went unnoticed by the Pakistan media radar was the construction of a 50-kilometers stretch of the Silk Road, extending from the Wakhan district of Afghanistan to the Chinese border. This road was inaugurated by Afghanistan’s Ministry of Rural Rehabilitation and Development in September last year (2023). With the construction of this road, Afghanistan has established a direct link with China, reducing the distance and lowering the cost for the import and export of commercial goods between the two countries. Meanwhile, the Afghan and Chinese governments are feverishly discussing the commencement of traffic through the Wakhan Corridor, a narrow strip of territory in northeastern Afghanistan stretching 350 kilometres to China and separating Tajikistan from Pakistan. It is located at the confluence of three mountain ranges — the Hindu Kush, Karakoram, and the Pamir, forming the Pamir knot.

The construction of the road and the serious discussions between the two governments are highly significant and have the potential to impact Pakistan both positively and negatively. Positively, it could extend the China-Pakistan Economic Corridor (CPEC) from Pakistan to Tajikistan through Afghanistan, and link the landlocked Central Asian states with the Karachi and Gwadar ports. Negatively, it could reduce Afghanistan’s reliance on Pakistan for transit trade.

With the opening of the Wakhan Corridor, a highway linkage between Tajikistan and Pakistan through Azad Kashmir could be established, creating a significant opportunity for enhanced trade and economic activity in the region. This route could facilitate the trade of various goods such as minerals, textiles, agricultural products, and manufactured goods. Central Asian states could export natural resources such as oil, gas, and minerals, while importing goods like textiles, machinery, and electronics. Though, the trade volume would depend on several factors such as infrastructure capacity, ease of trade regulations, and market demand. However, with the potential opening of new trade routes and access to the warm waters of the Arabian Sea through Karachi and Gwadar Port, trade volumes could be substantial.

If CPEC were extended through Afghanistan to Central Asia, the benefits for Pakistan could be significant. It could further enhance Pakistan’s strategic position as a trade hub, increase connectivity with Central Asian markets, and boost economic growth. In dollar terms, the benefits could include increased revenue from transit fees, expanded trade opportunities, and improved economic ties with regional countries. This would strengthen Pakistan’s geopolitical position and the  development of infrastructure along this route would stimulate economic growth, create job opportunities, and foster cultural exchanges and people-to-people connections, contributing to greater understanding and cooperation in the region.

Additionally, the corridor would provide Central Asian states with a shorter and more efficient route to access international markets via Gwadar Port, which is strategically important due to its location at the mouth of the Strait of Hormuz. It would enhance its strategic importance by providing an alternative route for trade that bypasses traditional chokepoints and improves connectivity between South Asia, Central Asia, and the Middle East, facilitating greater economic cooperation and integration in the region.

For Afghanistan, the direct access to China through the Wakhan border would enable Afghanistan to carry out its entire trade of over $1.3 billion with China through this route. As a result, Pakistan could potentially experience a reduction in its geopolitical advantage and security leverage over Afghanistan. Alternatively, Afghanistan would reduce its dependence on Pakistan and vulnerability to disruptions in transit trade, thus weakening Pakistan’s ability to use security concerns. Afghanistan would potentially seek closer ties with other regional powers, diminishing Pakistan’s geopolitical leverage in the region.

For China, the opening of the Wakhan border would give a much-needed boost to extending Chinese reach to diverse markets as part of the Belt and Road Initiative. However, security and cross-border terrorism will continue to be Beijing’s primary focus. Therefore, the opening of the road will largely depend on the ability of the Taliban to maintain control over Afghan territory, prevent the emergence of any real threat to China’s domestic security by groups and militants inside Afghanistan, and Chinese willingness to set up a border control regime and construct necessary infrastructure such as roads, highways, and bridges to link Afghanistan with China through the Wakhan Corridor.

After the opening of this trade route, all traffic originating from Afghanistan for China, either via sea or through the Karakoram Highway, will be diverted toward the Wakhan border. This route will assume high significance as China is increasingly tapping many areas of Afghanistan for mining precious and rare minerals. China has signed impressive deals, including a $10 billion deal for access to lithium deposits in Afghanistan and a $3 billion deal to develop Afghanistan’s largest copper deposit near Kabul. In Badakhshan, China is exploring minerals such as gold, lapis lazuli, and various gemstones. Additionally, China is exploring copper reserves in Balkh, a rare mineral in Helmand, and iron ores in Herat, as well as iron, copper, and precious stones in Kandahar.

The current route for transporting millions and millions tonnes of minerals every day extracted from Afghanistan and transported to China involves using the Karakoram Highway, which is far more costly compared to transportation directly from Afghanistan to China through the Wakhan Border. The distance between Badakhshan Province and Xinjiang’s capital, Urumqi, via the Wakhan Border is approximately 600-800 kilometers, whereas the distance from Badakhshan’s capital, Faizabad, to Urumqi via KKH is approximately 1500 km. This means that all minerals being transported through the Karakoram Highway will be diverted to the Wakhan Border, depriving the KKH of a significant amount of traffic and depriving the government of Pakistan of transit fees, levies, customs duties, and Pakistani trucks of business, negatively impacting all businesses along the entire route.

The development of the Wakhan Corridor has transitioned from a mere discussion to a tangible possibility. This vital route is set to open soon, presenting Pakistan with numerous strengths, weaknesses, opportunities, and threats. It is imperative for the government of Pakistan to proactively position itself to assess the current scenario and future prospects. A comprehensive vision, mission, strategies, and plan should be developed to fully exploit the potential of the Wakhan Corridor and leverage the strategic significance of the region, which is at the center of imperial ambitions and geopolitical complexities. Failure to do so may result in Pakistan missing out on significant economic and strategic opportunities while facing potential challenges from shifting geopolitical dynamics in the region.

By: Qamar Bashir

Former Press Secretary to the President

Former Press Minister to the Embassy of  Pakistan to France Former MD, SRBC

U.S. embassy inaugurates state-of-the-art police training campus in Quetta

U.S. embassy inaugurates state-of-the-art police training campus in Quetta

QUETTA, APR 23: /DNA/ – USA Ambassador Donald Blome inaugurated the new Police Training College campus in Quetta, a four-year, $5.35 million dollar partnership funded by the U.S. Embassy’s International Narcotics and Law Enforcement Section.  

The seven new and four renovated buildings not only triple the Police Training College’s capacity, but they also ensure new recruits and officers will receive the high-quality, skills-based training they need to deploy in some of Pakistan’s most challenging areas.  With the completion of this new facility, the men and women trained at PTC Quetta will be far better prepared than their predecessors to address the tremendous risks and challenges they face every day in the line of duty.  In addition, we have scheduled delivery of $900,000 worth of radio communication equipment and 35 mine detectors, and recently provided $700,000 worth of vehicles and $195,000 worth of blast suppression equipment, all of which will greatly enhance operations and security across the province.

Beyond this training center, we have helped Pakistan secure its borders, fight narcotics trafficking, and combat terrorism. INL has provided lifesaving protective equipment, improved law enforcement training curriculum, built and upgraded police stations, and helped ensure gender-inclusive policing.  Taken together, these actions make Pakistan safer, stronger, and more secure.

I want to recognize the special effort to recruit more women police, create gender desks in police stations, and increase facilities to serve women and underserved communities.  Last year, Balochistan Police officer Zarghoona Manzoor was recognized for a worldwide leadership award at an international conference for women police.  Zarghoona, formerly a stay-at-home mother, joined the force after her husband was killed serving in the Balochistan Police.  She now leads Balochistan’s first women’s police station.  Women officers like Zarghoona improve the entire force’s operational effectiveness and efficiency and enhance the quality of service offered to all Pakistanis, especially those from underrepresented communities.  I am impressed by Balochistan’s success in attracting almost 20 percent women in a recent recruiting drive, and the number of policewomen in service has doubled since 2022.  PTC-Quetta’s new facilities for women police recruits will enable further progress toward realizing this vision.  Inspector General, I commend your personal leadership in this area.

I would be remiss if I did not highlight that our partnership extends beyond security cooperation.  We are committed to working with Pakistan to address the economic, environmental, and energy challenges of our time.  INL-funded the solarization of seven of PTC Quetta’s buildings, as well as the solar-powered lights on walkways inside campus, and on the campus’ boundary wall, which align with our broader efforts through the U.S.-Pakistan Green Alliance Framework to promote clean, renewable energy and climate resilience.  

In closing, I would underscore that all the work our countries do together – on trade, investment, clean energy, education, and climate change – is predicated on a solid foundation of security and rule of law.  We are proud of this partnership.  It is making demonstrable progress in strengthening Pakistan’s ability to protect and secure its borders and provide safety and security for its citizens.  And we will continue to stand with you as you work to further strengthen community policing that provides the security environment needed to ensure peace, progress, and prosperity for the Pakistani people. 

Punjab Governor, Iranian President discuss cultural links

Punjab Governor, Iranian President discuss cultural links

Lahore, APR 23 /DNA/ – Governor Punjab Muhammad Balighur Rehman held a meeting with Iranian President Dr. Seyyed Ebrahim Raisi today.

Welcoming President Raisi to Lahore, he underlined the deep historical, cultural and civilizational links between Pakistan and Iran.

President Raisi praised the city of Lahore for its beauty and cultural contribution and expressed a desire for enhanced people-to-people contacts with the people of Pakistan.

US cautions against ‘potential threat of sanctions’ over Pakistan-Iran agreements

US cautions against 'potential threat of sanctions' over Pakistan-Iran agreements

WASHINGTON, APR 23: The Spokesperson of the US Department of State recently addressed concerns regarding potential trade agreements between Pakistan and Iran, highlighting the importance of caution due to the risk of sanctions.

In response to inquiries about Pakistan-Iran trade agreements, the spokesperson emphasized that the United States is one of Pakistan’s largest export markets. However, he advised caution to those considering trade deals with Iran, citing the potential threat of sanctions.

“We advise anyone considering business deals with Iran to be aware of the potential risk of sanctions.”

In the statement, the spokesperson cautioned against doing business with Tehran, which did not specifically mention Pakistan. Later, the spokesperson reminded Islamabad of its own trade and economic ties with Washington. According to him, the US is both Pakistan’s largest export market and one of its biggest investors.

Also Read: Pakistan and Iran vow to boost trade volume to $10bln

“We have also been a leading investor in Pakistan for the past 20 years. Pakistan’s economic success is in both of our interest, and we look forward to continuing our partnership,” he added.

In the wake of President Raisi’s three-day visit to Pakistan and eight bilateral agreements inked by the two countries, the spokesperson alluded to the possibility that these relations could be jeopardized by sanctions because of Iran’s standing in the international community.

The spokesperson stated, “We do not preview potential sanctions actions.”

On Monday, Pakistan and Iran reaffirmed their commitment to bolster bilateral relations across various sectors, aiming to elevate their trade volume to a staggering $10 billion. The consensus was reached during high-level delegation talks held in Islamabad.

Also Read: Iranian President Raisi lands in Lahore

Led by Prime Minister Shehbaz Sharif from the Pakistani side and President Raisi representing Iran, the discussions underscored the shared vision of advancing political, economic, trade, and cultural ties between the two nations.

Earlier in the day, Iran and Pakistan inked eight memoranda of understanding for collaboration in a range of areas. PM Shehbaz and Iranian President Ebrahim Raisi witnessed the MoU signing ceremony.

The accords included cooperation in veterinary and animal health, judicial support in civil cases, and security matters.

Malaysia military helicopters crash, killing 10 crew

Malaysia military helicopters crash, killing 10 crew

KUALA LUMPUR, APR 23 (AFP/APP/DNA): Two Malaysian military helicopters collided and crashed during a training session on Tuesday, killing all 10 crew onboard, the country’s rescue agency said.

Footage shared online showed several helicopters flying low in formation over the Lumut naval base, located about 160 kilometres (100 miles) from the capital Kuala Lumpur.

The helicopters were participating in a flypast rehearsal ahead of Naval Day celebrations in May.

One chopper was seen clipping the rear rotor of another, causing both to go into a tailspin and crash.

“The two helicopters collided during flight training,” said Suhaimy Mohamad Suhail, senior operations commander from the fire and rescue department, adding that all 10 crew members on board were confirmed dead by medical officers.

The two aircraft involved were a Eurocopter AS555SN Fennec and an Agusta Westland AW139, the rescue agency said.

Photos showed the Eurocopter model heavily mangled in the wreckage on the naval base stadium track with rescue personnel surrounding it as well as various debris.

The Agusta Westland helicopter crashed at the naval base’s swimming pool area.

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