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Wednesday, 07 October 2015


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US security officials meet American Muslims ahead of planned anti-Islam rallies -
Washington, Oct 7 (APP) The Department of Homeland Security Office for Civil Rights and Civil Liberties hosted an Incident Community Coordination Team call with American Muslim community leaders to discuss anti-Islam hate rallies planned to take place in front of mosques nationwide on October 9 and 10.

Chairman Privatization Commission to announce Pakistan's power sector privatization plan in US -
WASHINGTON, Oct 7 (APP): Chairman Privatization Commission Mohammad  Zubair will announce Pakistan's power sector privatization programme at a roadshow being held in Washington on Thursday (Oct 8).

Ex-UNGA president charged with bribery; Ban 'shocked' -
UNITED NATIONS, Oct 6 (APP): Former U.N. General Assembly President John Ashe was arrested Tuesday and charged in a bribery scheme in which he is accused of accepting more than $1 million in exchange for lucrative government investment contracts.

UN chief voices alarm at growing number of deadly incidents in Israeli-occupied West Bank -
UNITED NATIONS, Oct 6 (APP): United Nations Secretary-General Ban Ki-moon voiced 'profound alarm Tuesday at the growing number of deadly incidents in the Israel-occupied West Bank, including East Jerusalem.

UN highlights importance of public spaces for poor and vulnerable citizens -
UNITED NATIONS, Oct 5 (APP): Marking World Habitat Day, which is observed every year on the first Monday of October, top United Nations officials today urged the creation of "Public spaces for all."

Sport News
Pakistan Test series tougher than Aussies,says England assistant coach
ISLAMABAD, Oct 7 (APP): England's assistant coach Paul Farbrace has warned his team that Test series against Pakistan is going to be tougher than the challenges that they faced against Australia, a few months ago in the Ashes 2015.
Pak-England series would have better with Amir: Alec Stewart
ISLAMABAD, Oct 7 (APP): Former England batsman Alec Stewart has said that the Pakistan-England series to be held at the UAE this month would have been even better if pacer Mohammad Amir had been selected in the national squad.
Tour de Galiyat National Cycling Race from Oct 13
PESHAWAR, Oct 7 (APP): The Tour de Galiyat will be organized in joint venture of the Khyber Pakhtunkhwa Cycling Association and Tourism Corporation Khyber Pakhtunkhwa (TCKP) on October 13-14, 2015.
Peshawar qualify for 6th Right to Play Soccer semi-final
PESHAWAR, Oct 7 (APP): Peshawar qualified for the semi-final after upsetting strong Mardan Red in the quarter-final of the 6th Right to Play Khyber Pakhtunkhwa Inter-District Football Championship being played at Younis Stadium Mardan on Wednesday.
Pakistan team to participate in Weightlifting Championships
ISLAMABAD, Oct 7 (APP): A six-member Pakistan Weightlifting contingent on Wednesday was given visa by the Indian High Commission (IHC) to participate in the Commonwealth Youth, Junior and Senior Weightlifting Championships scheduled to be held at Pune from October 11 to 16.
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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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