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Saturday, 28 March 2015

 

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Pakistan renew its commitment to UN peacekeeping at first-ever defence chiefs conference -
UNITED NATIONS, Mar 28 (APP): Pakistan has renewed its commitment to the “noble cause” of United Nations peacekeeping, the world body’s flagship activity that helps countries torn by conflict to create the conditions for lasting peace.


At UN, Pakistan urges action to end violence against religious, ethnic minorities in Mideast -
UNITED NATIONS, Mar 28 (APP):  Pakistan Friday called for U.N. Security Council action to end the religiously and ethnically-motivated violence sweeping the Middle East by promoting a global consensus for resolving the challenges confronting Iraq, Syria, Yemen and “most importantly” Palestine.


US says Pakistan making sincere effort for Afghan peace -
WASHINGTON, March 28 (APP): Pakistan is making a “sincere effort” towards Afghan peace and it wants to make the best use of the “new environment” by aiding a negotiated political settlement to the conflict in the neighboring country, U.S. Special
Representative Dan Feldman said.


UN leader calls on defence chiefs for ‘unity and backing’ on UN peacekeeping -
UNITED NATIONS, Mar 27 (APP): At the first-ever United Nations Chiefs of Defence Conference Friday,  Secretary-General Ban Ki-moon appealed to senior military officials for more troop contributions from States around the world and for political will and purpose.


IMF okays release of $ 501.4 million for Pakistan -
WASHINGTON, March 27 (APP): The International Monetary Fund (IMF) Friday approved immediate release of $ 501.4 million tranche for Pakistan as the Fund’s Executive Board completed the sixth review of Pakistan’s economic performance.


Sport News
ICC Cricket World Cup 2015 breaking records, capturing hearts: Richardson
MELBOURNE, March 28 (APP): ICC Cricket World Cup 2015 has been a record-breaking tournament and has cemented the event’s position as one of the most popular sporting spectacles in the world, according to statistics released here on Saturday.
 
President SFP serves notice on Haider Lehri for holding illegal elections
KARACHI Mar. 26 (APP): President Softball Federation of Pakistan (SFP) Mohammed Saleem Khan has issued show cause notice to federation’s secretary general Haider Lehri for holding unconstitutional elections of the federation at Lahore on March 21 last.
 
Afghan players studded ICMS club win 23rd Governor Gold Cup
PESHAWAR, Mar 26 (APP): Having services of four World Cup returned Afghanistan players ICMS stunned Shama club in the final by 26 runs and lifted the coveted trophy of the 23rd Governor Gold Cricket Cup being played at Arbab Niaz Cricket Stadium on Thursday.
 
Hafeez must be made captain: Sarfraz Nawaz
ISLAMABAD, Mar 26 (APP): Former Test Cricketer Sarfraz Nawaz on Thursday urged the Pakistan Cricket Board (PCB) to make Muhammad Hafeez the captain of the One Day side saying currently the all-rounder suits best to lead the team.

 
Police defeats Railway in Kabbadi match
MULTAN, Mar 23 (APP): Punjab police defeated Pakistan Railway Police in a  "Kabbadi" match played in line with the Pakistan Day at Police Lines here.
 
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Pakistan’s 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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