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President urges for enhancing trade in discussion with outgoing Chinese ambassdor

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President urges for enhancing trade in discussion with outgoing Chinese ambassdor
GLOBALTIMESPAKISTAN

President Arif Alvi on Tuesday stressed enhancing bilateral trade with China, while saying the strengthening of business could prove mutually rewarding.

Talking to the outgoing Chinese ambassador Nong Rong here at the Aiwan-e-Sadr, the president noted that under China Pakistan Economic Corridor (CPEC), 19 projects were completed, 28 were under construction while 41 were in the pipeline.

President Alvi said the CPEC was a transformational flagship project of the Belt and Road Initiative, which had the potential to act as the pivot of regional peace and connectivity.

The expeditious completion of four broad clusters of cooperation — Gwadar Port and its auxiliary features, energy projects, transport infrastructure and industrial cooperation including the development of Special Economic Zones (SEZs) — will change trade, business and investment outlook of the country, he said.

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The president observed that with shifts underway on the world stage, there was a need to further expedite the progress on CPEC so that the goods should start moving from South China to Gwadar port and upward in a regular manner.

The second phase of CPEC should be pursued expeditiously to promote agriculture; innovation and IT sector; industrial cooperation; livelihood generation and poverty alleviation; automobiles, textiles and leather manufacturing; and shifting of Chinese industries to Pakistan wherever possible, he added.

The president noted that the signing of China-Pakistan Free Trade Agreement in January 2020 had further liberalized the trade resulting in a significant expansion in trade volumes adding that as per data for the first 11 months of 2021, bilateral trade reached a record high at US$ 27.8 billion registering an increase of 60 percent with the corresponding period of 2020.

Pakistan’s exports amounting to 3.6 billion US $ also registered an increase of 68% year over year.

The president expressed his satisfaction over the encompassing cooperation between the two countries in the fields of defence to socio-economic development.

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He conveyed his deepest gratitude to the people of China and President Xi Jinping for extending generous financial support to Pakistan which helped the country to deal effectively with the financial situation faced by it and during global warming-induced super floods last year which proved helpful in alleviating the suffering of the flood affected persons.

The president said the Chinese grant to the Presidency would be used to build a digital outreach platform to provide help to people under stress or facing mental health issues.

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Nawaz left Pakistan with govt permission, it wasn’t a jailbreak: Solangi

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Nawaz left Pakistan with govt permission, it wasn't a jailbreak: Solangi

 Former prime minister Nawaz Sharif had flown abroad after getting permission from the court and the government, not due to jailbreak, said Murtaza Solangi – the caretaker information minister – who added that he would be treated according to law and constitution on his return to Pakistan.

The minister remarked some people were confused on the issue of elections and spreading confusion a business for some others. The caretaker government had no confusion on the issue of elections, he added

Solangi, who visited the Karachi Press Club, told media persons on Saturday that Nawaz was a three-time prime minister and he had no knowledge of which court the PML-n supremo would move after his return.

Replying to various questions on the subject, the caretaker information minister said he didn’t want to speculate as it was Nawaz who would have to answer such queries.

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As the minister faced a flurry of questions about the elections, he again made it clear that the caretaker setup would give equal opportunities to all the registered political parties for taking part in the electoral process.

Solangi reiterated that the caretaker government would fulfil its constitutional responsibilities and provide all the available resources to the Election Commission for conducting the exercise.

When asked about the rupee appreciation and the fuel prices, Solangi said the incumbent setup had no role in pricing mechanism which was linked to the rates in global markets.

However, he added, that there were enough chances of reduction in petroleum products’ rates due to the gains made by the local currency. People would get some benefit of reduction in the value of the dollar, Solangi said.

The minister noted that power theft burdened other consumers and recovering the amount from them through their monthly system was unjustified – a mechanism which, he said, should be changed.

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Solangi said the interim setup was aiming at stabilising the national economy while ensuring that Pakistan didn’t slide towards default and political temperature was cooled down. Legislation wasn’t their prerogative but would do everything reduce the current problems, he added.

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CTD arrests terrorist of banned outfit in Jamshoro IBO

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CTD arrests terrorist of banned outfit in Jamshoro IBO

A team of Hyderabad Counter-Terrorism Department (CTD) on Friday arrested one alleged terrorist associated with a banned outfit during an operation in Jamshoro, Dunya News reported.

According to a CTD spokesperson, a CTD team conducted an Intelligence-based-operation (IBO) in Jamshoro and arrested a terrorist belonging to banned organisation.

He also informed that the arrested terrorist was involved in providing funds to terrorist organization.

The spokesperson further informed that a 30-bore pistol, funding receipts and other evidence have been recovered from the arrested terrorist. He said that further investigation is ongoing.

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Mother, son killed in road accident near Sheikhupura

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Mother, son killed in road accident near Sheikhupura

 A woman and her son were killed and two other children were wounded when the motorcycle they were riding on was hit by a dumper near Sheikhupura on Friday night,

According to details, the accident occurred in Farooqabad area near Sheikhupura where a rashly driven dumper hit a motorcycle, killing a woman and her son on the spot and injuring two other children.

Police and rescue teams reached the spot and shifted the dead and injured to hospital.

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