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Monday, 08 February 2016

 

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U.N. Security Council slams North Korea's missile launch -
UNITED NATIONS, Feb. 7 (APP): The U.N. Security Council Sunday strongly condemned North Korea's missile launch and vowed to "expeditiously" adopt a new resolution with "significant" new sanctions against Pyongyang. In a statement issued statement after an emergency meeting on Sunday, the 15-member Council underscored that launches using ballistic missile technology, "even if characterized as a satellite launch or space launch vehicle" contribute to North Korea's development of systems to deliver nuclear weapons.



Highly radioactive leak found at NY nuclear plant -
NEW YORK, Feb 7 (APP): New York State Governor Andrew Cuomo has called for an investigation after an apparent overflow at a nuclear power plant spilled highly radioactive water into an underground monitoring well, but nuclear regulators said the public was not at risk. Officials at the Indian Point Energy Center in Buchanan, New York,  reported that water contaminated by tritium leaked into the groundwater under the facility.



Highly radioactive leak found at N.Y. nuclear plant -
NEW YORK, Feb. 7 (APP): New York State Governor Andrew Cuomo has called for an investigation after an apparent overflow at a nuclear power plant spilled highly radioactive water into an underground monitoring well, but nuclear regulators said the public is not at risk. Officials at the Indian Point Energy Center in Buchanan, New York, reported that water contaminated by tritium leaked into the groundwater under the facility.


UNSC to hold emergency meeting on North Korea missile launch -
UNITED NATIONS, Feb 7 (APP): The United Nations Security Council has scheduled an emergency meeting on Sunday to discuss the North Korean missile launch, as UN Secretary-General Ban Ki-moon called on Pyongyang to  halt its "provocative actions and return to compliance with its international obligations. Following a request by United States, Japan and South Korea, the 15-nation Council  will hold closed-door consultations on Sunday, the U.N. press office said.



Migration, multilateralism will be hallmarks of 2016: UN official -
UNITED NATIONS, Feb 6 (APP): The top United Nations migration official has called for deceive multilateral action to tackle "the global issues lurking behind today's vast movement of people" fleeing war, instability or persecution. The UN Special Representative of the Secretary-General for International Migration, Peter Sutherland, said in Geneva Friday that 2016 "is the year of migration and multilateralism," and that series of comprehensive initiatives was needed to drive home - and effectively address - the global nature of the issue.



Sport News
Lianna grabs another medal
ISLAMABAD, Feb 7 (APP): Lianna Swan won another medal for Pakistan in swimming in the South Asian Games at India. Lianna won a silver medal in 100m Breaststroke, says a press release issued here.

 
Naveed bags bronze in swimming
ISLAMABAD, Feb 7 (APP): Naveed Hussain won a bronze medal for Pakistan in swimming during the South Asian Games in India. Naveed won the bronze medal in 200 m Backstroke with time of 2.19:57, says a press release issued here.

 
ICC bans Yasir Shah till March 27 over anti-doping code violation
ISLAMABAD, Feb 7 (APP): The International Cricket Council (ICC) Sunday banned Pakistani leg-spinner Yasir Shah from playing all types of cricket for a tenure of three months, accepting cricketer's stance in anti-doping code violation case. Following the announcement, Yasir Shah, who was banned from playing cricket on December 27, 2015; will be able to play cricket from March 28, 2016, a private news channel reported on Sunday.

 
Pakistan victorious in squash quarterfinals
ISLAMABAD, Feb 6 (APP): Pakistan earned victories in squash quarter finals of the South Asian Games (Men & Women) played at Guwahati, India. In the Men Event (Individual) Farah Zaman (Pakistan) beat Ravindu H Laksiri (Sri Lanka) 11/8, 16/14, 11/9. Nasir Iqbal (Pakistan) beat Arhant Keshar Simha (Nepal) 11/4, 12/10, 11/0.
 
Irfan, Bacha to face Nouman, Taimur in Men Badminton doubles final
PESHAWAR, Feb 6 (APP): Irfan and Bacha Khan of Tarnab village will face Nouman and Taimur Khan of Palosia village in the final of the Peshawar District Inter-Club Men Badminton Championship played here at local Hujra at Landi Arbab, a suburban village of Peshawar, on Saturday. In the first semi-final Nouman and Taimur Khan defeated Sajid and Sana Ullah of Tehkal Payan by 3-1, the score was 21-18, 21-19, 21-16 and 21-19 while in the second semi-final Irfan and Bach outclassed Tahir and Arif of Landi Arbab village by 3-0, the score was 21-19, 21-15 and 21-19.
 
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PM strongly condemns firing incident at City 42 office - Pervaiz condemns firing outside TV channel - Japanese Ambassador pays farewell call on Finance Minister - Pervaiz lauds PIA workers for rejecting \'politics of interests\' - Imran reluctant to highlight real issues of common man: Baloch - Siddiqui condoles death of journalist\'s father
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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