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Monday, 21 April 2014

 

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World News
Pak navy frigate Shamsheer gets warm welcome -
BEIJING, Apr 20 (APP): Vessels from seven countries, including Pakistan, arrived at the port of Qingdao in East China’s Shandong province Sunday morning, ahead of the 14th annual meeting of Western Pacific Naval Symposium (WPNS), which the PLA’s navy is expected to launch on Tuesday, media report said.


No food left in besieged Palestinian refugee camp in Syria: UN -
UNITED NATIONS, April 20 (APP): The United Nations has renewed its  demand for unimpeded humanitarian access to the besieged Palestinian refugee camp of Yarmouk, warning that there is no UN food aid left there as  escalation in the Syrian conflict prevented the delivery of desperately needed assistance.


UN envoy voices concern over disruption of Easter procession by Israeli forces -
UNITED NATIONS, April 19 (APP): A senior United Nations envoy on Saturday said he was dismayed that a peaceful Easter procession led by Palestinian Christians through Jerusalem’s Old City was disrupted by Israeli security forces.


CPJ slams attack on TV news anchor Hamid Mir in Karachi -
NEW YORK, April 19 (APP): The Committee to Protect Journalists (CPJ), a New York-based independent watchdog body, has voiced concern over the attack on Geo News senior anchor Hamid Mir in Karachi on Saturday and called for bringing the perpetrators to justice.


Ambassador Jilani highlights Islamabadís policies, Pak-US ties -
WASHINGTON, April 18 (APP): Pakistan’s ambassador to the United States Jalil Abbas Jilani addressed the faculty and participants of 2014 National War College, encompassing a wide range of subjects including positive trajectory in Islamabad-Washington relations, ongoing transformations in Pakistan and developments in the region.


Sport News
Pakistanís Rizwan drives Shama club to Bashir Bilour Shaheed Cricket final
PESHAWAR, Apr 20 (APP): Pakistan’s wicket-keeper batsman Muhammad Rizwan steered Shama club to final with his fashion knock of 90 runs including 11 boundaries and three sixes against Sarhad Gymkhana in the second semi-final of the ongoing Bashir Bilour Shaheed Memorial Cricket Tournament being played at Gymkhana ground on Sunday.
 
UoP, LU, IU, UoK, SU advance to next round in All-Pakistan Inter-University Cricket
PESHAWAR, Apr 20 (APP): University of Punjab, Lahore University, Islamia Bahawalpur, University of Karachi, and Sargodha University moved to second round after registering victories against their respective rivals on the opening day of the All-Pakistan Inter-University Cricket Championship organizing by the Directorate of Sports Abdul Wali Khan University at five different venues in Peshawar and Mardan on Sunday.
 
Mehran, Laiba Ijaz lifted KP Boys, Girls Junior Squash titles
PESHAWAR, Apr 19 (APP): Current National Champion Mehran Javed and Khyber Pakhtunkhwa No. 1 Laiba Ijaz clinched titles after defeating their respective rivals in the Khyber Pakhtunkhwa Boys and Girls Junior Squash Championship played here at PAF Hashim Khan Squash Complex on Saturday.
 
National Women Softball Championship-2014 starts
RAWALPINDI, April 18 (APP): A three-day National Women Softball Championship-2014 started at Pindi Cricket Stadium here on Friday.
 
Army wins national netball championship title
LAHORE, Apr 18 (APP): Army routed Higher Education Commission 27-17 in the final and won the title of the 13th national men’s netball championship at Islamabad’s PSB complex on Friday.
 
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Latest News
PM to inaugurate two additional units of Guddu Power Plant - Walton flyover completed in record 60 days - Options open for ensuring durable peace: Governor - CM condoles death of Hamid Sabir - CM condemns assault on Hamid Mir - Pakistan, UAE Navy joint exercise commences
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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