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Wednesday, 25 November 2015


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New European curbs on refugees violate human right: UN chief warns -
UNITED NATIONS, Nov 25 (APP): Secretary-General Ban Ki-moon has warned Balkan States that border restrictions based on a refugees' or migrants' nationality infringed human rights, with the U.N. refugee agency reporting that 1,000 people are already stranded, 60 of them on hunger strike and 11 reportedly stitching up their mouths in protest.

Pakistan urges UNSC to act on Mideast as prospects for 2-state solution 'fading' -
UNITED NATIONS, Nov 25 (APP): Pakistan has warned of fading prospects for a two-state solution of the Israeli-Palestinian conflict while the Security Council, which is responsible for maintaining international peace, continues to "procrastinate and dither for political reasons."

Aamir Khan says his family feels insecure in amid rising Hinduism in India -
WASHINGTON, Nov. 24 (APP): India’s leading Muslim actor Aamir Khan says that his family is feeling insecure in India in the backdrop  of rising violence and intolerance in the Hindu-majority country,  blaming the government for failing to take action against those who are taking the law in their own hand, the Wall Street Journal reported on Tuesday.

UN deputy chief urges action to break Israeli-Palestinian impasse, deplores settlements -
UNITED NATIONS,  Nov 24 (APP): UN Deputy Secretary-General Jan Eliasson has voiced concern that “security and hope in Gaza and in the occupied West Bank, including East Jerusalem, remain at a very low point.”

UN chief calls for stronger cooperation from Southeast Asian countries to tackle global crises -
UNITED NATIONS, Nov 22 (APP):  United Nations Secretary-General Ban  Ki-moon Sunday called for stronger partnerships between the Association of Southeast Asian Nations (ASEAN) and the UN to achieve sustainable development, tackle climate change and eradicate violation of human rights.

Sport News
Babar bags six wickets for Hyderabad Region
ISLAMABAD, Nov 24 (APP): In the Pool A, Babar Khan of Hyderabad Region bagged 6 wickets for 59 restricting Islamabad Region to a total of 211 runs in their first innings in the round five of the Quaid-e-Azam Cricket Trophy match here at the Diamond Ground.
Hafeez positive for T20s series
ISLAMABAD, Nov 24 (APP): Robust batsman Mohammad Hafeez is optimistic that Pakistan will deliver an outstanding performance in the back-to-back Twenty20s against England from Thursday and Friday at the Dubai International Stadium.
Amir Sohail wants Afridi to focus on batting
ISLAMABAD, Nov 24 (APP): Former Captain Amir Sohail has urged the Twenty-20 skipper Shahid Afridi to focus on his batting saying the all-rounder needs to score runs on the board in order to lead the team from the front.
Islahuddin wants matches against European sides
ISLAMABAD, Nov 24 (APP): Olympian Islahuddin Siddique on Tuesday urged the Pakistan Hockey Federation (PHF) to organize the junior team’s matches with the European sides in order to prepare them for the next years’ Junior Hockey World Cup in India.
Pakistan to defend its position on ICC Rankings
ISLAMABAD, Nov 24 (APP): Pakistan will be defending its number-two position on the ICC Twenty-20 Team Rankings when it goes head to head with England in a three-match series in Dubai on Thursday (November 26).
Latest News
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Pakistanís strong economic indicators, attractive for foreign investment in power, oil sectors PDF Print E-mail
By Shumaila Andleeb

TIANJIN, China, Sept 12 (APP): Prime Minister Raja Pervez Ashraf on Wednesday, mentioning Pakistan’s strong economic indicators, said the country was an attractive zone for foreign investment, particularly in power, oil and gas exploration and infrastructure development sectors. The Prime Minister expressed these views while leading  a discussion of the Business Interaction Group on Pakistan at the Meijiang Convention Centre - the venue of ongoing World Economic Forum’s Annual Meeting of New Champions. Dilating upon Pakistan’s macro-economic stability and liberal investment policy, the Prime Minister said country’s economic consistency, openness and predictability in policies were vital factors in providing foreign businessmen an enabling environment for their investment.

He said his government was committed to facilitation of business, reforms and deregulation in pursuance of its economic philosophy.
He mentioned Pakistan’s strategic location next to three important regions - South, Central and West Asia, that provided a shortest access to the energy-rich and fast developing Central and Western Asia.
He said for the economic world, the country could prove a bridge, linking to multiple corridors of cooperation in energy, trade, investment, transportation and tourism.
Prime Minister Ashraf said due to macro-economic stability, the country’s economy was expected to grow by over four percent this year. He said country’s banking sector had withstood the global financial crisis of 2008 with the help of its exports that grew by 30 percent in 2011.
On liberal investment policy, he said all sectors of economy were open to Foreign Direct Investment (FDI). In addition, there was no restriction on equity as foreigners were permitted hundred percent foreign equity, statutory protection, and high rates of return accrued to investment.
He said there were institutional safeguards provided in the system like Competitive Commission, the Security and Exchange Commission and Central Bank. He said Pakistan had a non-discriminatory investment policy for all countries.
The Prime Minister said Pakistan was a country of 180 million with a growing middle class and an increasing demand for goods and services. He mentioned that abundant and unexploited natural resources including coal, oil, gas, water and irrigation systems and minerals had great potential of exploration.
He said investment in power sector could be made in the areas of solar, wind, renewable energy, solar tubewells, hydro and thermal power generation. He said opportunities also existed in modernization and refurbishment of ports and railways. He informed the Business Group that a Korean company had shown interest in constructing a 300 mega watt solar power plant in Balochistan.
He said recently an upfront tariff had been determined for solar energy plants which would help the investors.
To a question, the Prime Minister said Pakistan was working to have good relations with India including trade ties. He mentioned the recent visit of Indian External Affairs Minister S.M Krishna to Pakistan and the discussions carried out on easing the visa regime and cooperation in agriculture sector.
Regarding facilitating the overseas Pakistanis, Raja Ashraf said their confidence in the country was reflected through increase in remittances.
Finance Minister Dr Abdul Hafeez Sheikh said the middle class expatriates could benefit from investment in stock exchange.  He said an investment fund was being set up for expatriates. He said housing schemes had been launched to attract investment from expatriates.
There were also a few questions about increasing cultural exchanges with India to which the Prime Minister mentioned a recent agreement. He said relations with India were being improved step-by-step in a positive way.
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