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Aleem for expediting work to materializing JVs with Chines companies

The minister says other Chinese companies which have not yet signed MoUs should also be contacted by Pakistani companies so that the visit to China can be made more fruitful

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Islamabad: Minister for Board of Investment, Privatization and Communications Abdul Aleem Khan on Monday said that joint ventures between Chinese companies and Pakistani business organizations must be undertaken as soon as possible for which the relevant departments should complete their homework immediately and submit a report subsequently.

A high level follow-up meeting on the Prime Minister’s recent visit to China was held under the Chairmanship of Minister for Board of Investment, Privatization and Communications Abdul Aleem Khan and Minister for Commerce Jam Kamal Khan, said a press release.

The meeting reviewed progress on joint ventures of Chinese and Pakistani Companies and important aspects were discussed. Similarly, developments on bilateral trade issues and the status of B2B activities and MoUs were also came under discussion.

Aleem Khan further said that other Chinese companies which have not yet signed MoUs should also be contacted by Pakistani companies so that the visit to China can be made more fruitful.

Minister of Commerce Jam Kamal Khan said that Pakistani Embassy in China should conduct purposeful meetings with the business groups of both countries so that bilateral trade affairs can be further expanded.

Trade Officers of the Pakistani Embassy from Beijing, Shanghai, Shenzhen and Guangzhou briefed the meeting on the progress made so far. Officers from various ministries including Petroleum, Health, Industry, Information, Power Division and Information Technology also attended the meeting and presented their reports regarding PM’s recent visit to China.

Briefing the meeting, Secretary Board of Investment said that during the visit to China, beneficial sessions were held between 107 Pakistani and 250 Chinese business organizations and 30 MoUs were signed, which are being worked on in all respects.

Meanwhile, Abdul Aleem Khan was called on by the delegation of the American Business Council. Chief Economic Counsellor of America, John Letvin, was leading this delegation.

The minister said that the business activities are always welcome and will fully be supported especially on the platform of the American Business Council.

He said that to deal with the challenges faced by the country’s economy, equal business opportunities should be provided for which will encourage such policies that increase business volume.

 

 

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Business

FlyDubai launches flights to two destinations in Pakistan

Flights to Islamabad International Airport (ISB) and Allama Iqbal International Airport (LHE) will operate daily from Terminal 2 at Dubai International (DXB)

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Islamabad: flyDubai on Monday announced the launch of flights to Islamabad and Lahore in Pakistan starting from 1st July 2024.

Flights to Islamabad International Airport (ISB) and Allama Iqbal International Airport (LHE) will operate daily from Terminal 2 at Dubai International (DXB).

Hamad Obaidalla, Chief Commercial Officer at flydubai, said, “Pakistan has long been an important market for flydubai.

Since 2010 when we first started operations to the market, we have seen sustained demand for travel and with the start of our daily services to Islamabad and Lahore, we look forward to offering passengers more opportunities to explore Dubai, the GCC region and beyond on the flydubai network.”

flydubai first started operating flights to Pakistan in 2010 with the launch of flights to Karachi. In addition to Islamabad and Lahore, the carrier also serves flights to Faisalabad, Karachi, Multan, Quetta and Sialkot.

As Pakistan’s capital, Islamabad is well-known for its delightful combination of modernity and natural beauty and features plenty of museums and beautiful parks that visitors can explore.

Commenting on the launch of flights, Sudhir Sreedharan, Senior Vice President, Commercial Operations (UAE, GCC, Africa and the Indian Subcontinent) at flydubai, said, “flydubai’s new daily services to Islamabad and Lahore will offer our customers from the UAE and Pakistan with more convenient and reliable options for travel. As our flights will be operated by our fleet of Boeing 737 MAX aircraft, we are confident that passengers will enjoy an enhanced travel experience with our onboard product.”

 

 

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Pakistan

Law Ministry notifies appointment of 3 SC judges

The three judges who have been elevated to the Supreme Court are Chief Justice Sindh High Court (SHC) Justice Aqeel Ahmed Abbasi, Chief Justice Lahore High Court (LHC) Justice Malik Shahzad Ahmed Khan and LHC’s judge Justice Shahid Bilal Hassan

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Islamabad: The Ministry of Law and Justice on Monday notified the appointment of three judges of the Supreme Court.

The notification said, “In exercise of the power conferred under clause (1) of Article 177 of the Constitution of Islamic Republic of Pakistan the president is pleased to appoint Chief Justice Sindh High Court (SHC) Justice Aqeel Ahmed Abbasi, Chief Justice Lahore High Court (LHC) Justice Malik Shahzad Ahmed Khan and LHC’s judge Justice Shahid Bilal Hassan as judges of the Supreme Court (SC) with effect from the date they take oath of their offices.”

 

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Business

LPG prices go up by Rs50 per kg in Pakistan

Commercial cylinders are now selling for Rs12,435, up from the government-set price of Rs10,715

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Islamabad: The price of liquefied petroleum gas (LPG) on Monday surged by Rs50 per kilogram, announced Irfan Khokhar, Chairman of the LPG Distributors Association.

Although the Oil and Gas Regulatory Authority (OGRA) had set the official price at Rs234.60 per kg, market rates have climbed to Rs280-285 per kg.

As a result of this price increase, the cost of a domestic LPG cylinder rose by Rs600, now priced at Rs3,370.

Similarly, commercial cylinders are now selling for Rs12,435, up from the government-set price of Rs10,715.

In his statement, Khokhar accused LPG marketing companies of ignoring government-set prices and selling LPG at higher rates.

Last month, the Oil and Gas Regulatory Authority (OGRA) reduced the price of LPG. According to the notification issued by OGRA, the rates were cut by Rs3.87 to Rs234 per kilogram, with the new prices taking immediate effect.

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Business

Country Director WB callas on Planning Minister

Ahsan Iqbal expressed his gratitude for the continuous support provided by the World Bank and emphasized the importance of expediting the implementation of various project components

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Islamabad: Country Director World Bank, Njay Benhassine on Monday called on Minister for Planning Development & Special Initiatives Ahsan Iqbal and discussed the progress and current status of the ongoing projects supported by the World Bank.

During the meeting, Ahsan Iqbal expressed his gratitude for the continuous support provided by the World Bank and emphasized the importance of expediting the implementation of various project components and instructed the relevant authorities to accelerate their execution to ensure timely completion.

The minister also highlighted the comprehensive nature of the “5Es Framework” that encompasses all the important sectors. He noted that development partners, including the World Bank, regard this framework as crucial for achieving sustainable development and success.

The minister also discussed about the development of Pakistan’s 20 poorest districts, with a significant portion, 11 out of 20, located in Baluchistan. He underscored the government’s commitment to improving living conditions in these areas by enhancing food security, shelter, healthcare, and education facilities. He also outlined plans for large-scale infrastructure projects aimed at uplifting these districts.

Ahsan Iqbal stressed the importance of trade as a cornerstone of Pakistan’s economic future. He emphasized that increasing exports is essential for national prosperity and called for a concerted effort to strengthen the country’s export sector.

The minister emphasized that Pakistan possesses an immense wealth of natural resources and minerals. He said that the Government is giving special attention to the exploration and development of these resources.

 

 

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Pakistan

President for socio-economic uplift of Sindh's Kacha areas

President Asif Ali Zardari calls for stern action against hardcore criminals involved in heinous crimes

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Islamabad: President Asif Ali Zardari said criminals of Kacha Area in Sindh, except hardened criminals, willing to surrender to the state should be gradually mainstreamed and rehabilitated so they could become responsible and productive citizens of the country. 

He was chairing a meeting in Sukkur on Monday, regarding security and law and order situation.  

The President called for stern action against hardcore criminals involved in heinous crimes.  

He emphasized the need to improve the road, health, and education infrastructure of the Kacha Areas on a priority basis to improve the socio-economic condition of the people.

He advised that a Qaumi Jirga, comprising of tribal chiefs, should be convened to engage and negotiate with the local population to bring normalcy, prevent crimes, de-weaponize and improve the security situation in the area.

The President underlined the need for modernizing the police force by enhancing their capacity, providing modern equipment and weapons and logistics to effectively meet the security challenges.

He said we should encourage women to join Sindh Police and welfare of the families and children of martyrs of Sindh Police should be ensured.          

The President directed to expedite the process of upgradation of Sakrand Police Commando School and provision of land for the establishment of Cadet College for Police. He added that selected students of the Cadet College would be educated and trained to join the Sindh Police.            

The President appreciated the performance of the Sindh Government, Police and Rangers in controlling crime and improving the security situation of the province.        

During the meeting, the President was briefed about the law-and-order situation in Sindh.

He was apprised that the crimes and violence in Sindh, especially in Karachi and Kacha Areas, has witnessed a declining trend due to the effective strategy adopted by the police and Rangers.

The Inspector General Sindh Police said dacoit activities have been considerably reduced and no highways-related crime has been reported in the past two months.

It was highlighted that targeted operations and installation of smart cameras had helped control crimes and identify and arrest criminals and their abettors.

The meeting was further informed that, as per the directives of the President, the campaign against drug peddlers has also been intensified while smart cameras have been installed to monitor the entry points of the province.

 

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Pakistan

Maulana Fazl opposes announcement of Azm-e-Istehkam Operation

The JUI-F chief warns that if Azm-e-Istehkam is launched, it will result in more instability in the country

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Quetta: Jamiat-e-Ulema Islam chief Maulana Fazlur Rehman on Monday voiced his party's opposition to the newly announced military campaign 'Operation Azm-e-Istehkam.

“If launched, it will result in more instability,” he warned, adding that political parties would suffer the consequences of decisions made by others.

Speaking at a news conference, Rehman stated, “The state's authority is weak in many areas, with banned organizations operating freely and instilling fear among the public,”.

Criticizing the current government, Rehman, who also leads the Pakistan Democratic Movement, remarked that PM Shehbaz Sharif is merely a figurehead. He emphasized the need for the state to adjust its approach towards its citizens, suggesting that investment in human capital is essential for positive outcomes.

On Saturday, the government initiated a military operation to eradicate militancy in the country.

However, this move has been jointly rejected by both the JUI-F and Pakistan Tehreek-e-Insaf (PTI).

 

 

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Business

Chinese experts to visit Pakistan at end of June

The aim of the visit is to foster innovation, technology transfer, and capacity building

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Islamabad: A delegation of Chinese experts from various fields will visit Pakistan at the end of this month.

The aim of the visit is to foster innovation, technology transfer, and capacity building.

In preparation for this visit, Minister for Planning, Development, and Special Initiatives Ahsan Iqbal chaired a high-level meeting in Islamabad today, under the directive of the Prime Minister of Pakistan.

Senior officials from federal ministries and heads of various sectors participated, highlighting the importance of this collaboration.

Ahsan Iqbal directed the ministries to develop a comprehensive roadmap to maximize the benefits of the experts' visit.

The focus will be on capacity building of Pakistani experts through training and knowledge sharing, learning from China's experience in innovation and technological advancements, adapting innovative solutions to Pakistan's specific needs, and skill development in key sectors.

The Minister directed the line ministries to be selective and strategic, focusing on areas where China has significant experience that could be shared with Pakistani professionals.

 

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