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Pakistan urges UNSC to make full use of diplomacy for resolution of conflicts -
UNITED NATIONS, Aug 22 (APP): At the United Nations Security Council today Pakistan urged the Council to make full use of the preventive diplomacy tools at its disposal under Chapter VI "especially mediation, arbitration, inquiry, judicial settlement, involvement of regional organizations,the Secretary General's good offices" to defuse tensions and  to resolve conflicts that were simmering just below the surface but threaten to explode.


US favors dialogue, peaceful expression of view -
WASHINGTON, Aug 21 (APP): The United States thinks there needs to be a political dialogue, in the face of marches by Opposition parties in Islamabad, and it also favors peaceful expression of view, the State Department said Thursday.



Prolonged ďsit-inĒ harming Pakistanís Intíl Image: Javed Malik -
LONDON, Aug 21 (APP): Pakistan’s Ambassador at Large Javed Malik has said that the ongoing “Sit-in” (Dharna) at the country’s federal capital is detrimental to the country’s global image because it sends a negative message to international business community.


Obama says entire would appalled byAmerican journalist's killing by ISIL -
WASHINGTON, Aug 20 (APP): U.S. President Barack Obama strongly condemned the killing of an American journalist, saying "the entire world is appalled by the brutal murder of Jim Foley by the terrorist group, ISIL."


UN mission in Afghanistan concerned over acts of intimidation against journalist -
UNITED NATIONS, Aug 21 (APP): The United Nations mission in Afghanistan has expressed its concern about the acts of intimidation against New York Times reporter Matthew Osenberg, who on Tuesday was banned from leaving the country and told that he was being investigated  for an article he had written.


Sport News
Pakistan ďAĒ, India, Iran, Thailand in Asian Team Snooker semis
KARACHI, Aug 22 (APP): Country’s last hope Pakistan “A”, holder India, favorites Iran and Thailand advanced in the Jubilee Insurance second Asian Team Snooker Championship after winning their semi-finals on Friday evening.
 
Egypt beat Pakistan, retains title
ISLAMABAD, Aug 22 (APP): Egypt retained the WSF Men’s World Junior Team Squash Championship title for the third time in a row after beating Pakistan 2-0 in the final being staged at the Wanderers Sports Club in Windhoek, the capital of Namibia.
 
Pakistan to feature in Judo Championship
ISLAMABAD, Aug 22 (APP): Pakistan judo team will feature in the World Judo Championships 2014, scheduled to be held in Chelyabinsk, Russia from Aug 25 to 31.
 
Jessica stars in Australian win over Pakistan women in Ist ODI
KARACHI, Aug. 21 (APP)- Jessica Cameron slammed a sparkling unbeaten 58 to lead World Champion Australia to six wickets over Pakistan women in the first One-Day International at Brisbane Oval on Thursday.
 
Tight wins for Pakistan teams in Asian Team Snooker
KARACHI, Aug. 21 (APP)- Pakistan “A” and “C” faced a strong challenge before beating their respective opponents on the opening day of Asian Team Snooker Championship on Thursday.
 
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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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