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PM directs formulation of trade policies to facilitate businesses, enhance export competitiveness

PM directs formulation of trade policies to facilitate businesses, enhance export competitiveness

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PM directs formulation of trade policies to facilitate businesses, enhance export competitiveness

Prime Minister Shehbaz Sharif on Friday directed the authorities concerned to formulate the trade policies with a core objective of facilitating the business sector, calling for urgent measures to enhance the competitiveness of the country’s exports.

The prime minister, chairing a meeting on the trade sector, called for steps to promote exports of non-traditional goods and instructed for immediate payment of the certified duty drawback of the exporters.

Highlighting the significance of the private sector, he instructed to ensure consultation with them during the policy-making and implement the deletion policy to uplift the auto sector.

Prime Minister Shehbaz directed the ministry to devise a comprehensive strategy to scrutinize the performance of trade and investment officers posted in Pakistan’s missions abroad, by rewarding the good performers and removing the incompetent ones.

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The prime minister told the meeting that he would personally carry out the fortnightly review of the export sectors.

In the meeting, the prime minister was told that the discussion on the Free Trade Agreement between Pakistan and the Gulf states was in the final stage and transit trade agreements with Uzbekistan and Tajikistan had already been materialized.

It was told that during the recent Pak-Saudi Business Conference, around 450 business-to-business meetings were held and that the volume of e-commerce trade was witnessing a constant increase with the enlisting of over 3,000 firms on the Pakistan Trade Portal.

The meeting was also apprised of the strict monitoring of Afghan Transit Trade, double-digit premium growth of public sector insurance companies, finalising Gem Export Framework, and in-principle approval by Pakistan and Russia to operationalise the barter trade.

It was told that consultation with the stakeholders was in progress on Preferential Trade Agreements with Azerbaijan and Afghanistan, as well as on the New Strategic Trade Policy. Moreover, necessary legislation was also being made to establish the Technology and Innovation Fund for industrial development.

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Federal ministers Jam Kamal Khan, Muhammad Aurangzeb, Dr Musaddik Malik, Ahad Khan Cheema, Deputy Chairman Planning Commission Jahanzeb Khan, State Bank governor and senior officers attended the meeting.

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Pakistan mourns President Raisi’s death; PM, president express sorrow

Pakistan mourns President Raisi’s death; PM, president express sorrow

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Pakistan mourns President Raisi's death; PM, president express sorrow

 Pakistan is observing a day of mourning today to express solidarity with the people of Iran following the shocking news of the death of Iranian President Ebrahim Raisi in a helicopter crash in the country’s northwest.

“Pakistan will observe a day of mourning, and the flag will fly at half-mast as a mark of respect for President Raisi and his companions and in solidarity with Brotherly Iran,” Prime Minister Shehbaz Sharif wrote in a post on social media platform X, expressing shock over the demise.

“Had been anxiously following developments regarding the reported crash landing of President Raisi’s helicopter. Was hoping for good news. Alas, this was not to be,” PM Shehbaz remarked as he extended deepest condolences and sympathies to the Iranian people on behalf of the government and people of Pakistan.

Shehbaz prayed that may Allah grant the martyrs a high place in Jannat al-Firdous and give patience to their families and the Iranian nation for this tragedy.

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“Pakistan had the pleasure of hosting President Raisi and Foreign Minister Hossein Amir Abdollahian on a historic visit less than a month ago. They were good friends of Pakistan,” the premier added in his post.

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Turkish FM meets COAS Munir, lauds army’s role for regional peace, stability

Turkish FM meets COAS Munir, lauds army’s role for regional peace, stability

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Turkish FM meets COAS Munir, lauds army's role for regional peace, stability

 Turkish Foreign Minister Hakan Fidan called on Chief of Army Staff (COAS) General Asim Munir here on Monday.

According to the military’s media wing, the army chief and the Turkish minister discussed matters of mutual interest during the meeting.

The Turkish minister appreciated the role of the Pakistan Army in maintaining peace and stability in the region, the ISPR said in a statement.

The two leaders expressed their satisfaction at the deep bilateral relations based on historical, cultural and religious ties between the two countries.

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Foreign Minister of Turkiye Hakan Fidan arrived in Pakistan for a two-day official visit on Sunday.

According to the Foreign Office, Additional Foreign Secretary Ahmed Naseem Warraich received the foreign dignitary at the airport.

The Turkish minister will also hold a meeting with Prime Minister Shehbaz Sharif, a spokesperson for the Foreign Office said.

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LHC gives Punjab government ultimatum for judges’ appointment

LHC gives Punjab government ultimatum for judges’ appointment

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LHC gives Punjab government ultimatum for judges' appointment

The Lahore High Court (LHC) has issued an ultimatum to the Punjab government regarding the appointment of judges.

Chief Justice Shehzad Ahmed Khan presided over a hearing on the Punjab government’s petition to transfer cases from LHC’s anti-terrorism court 1 Rawalpindi to another court.

During the proceedings, the advocate general Punjab informed the court that a government committee had consulted with Punjab Chief Minister on the matter of judges’ appointment, assuring that it had been prioritized for the upcoming cabinet session.

However, Chief Justice Khan inquired about the timeline for the next cabinet session, expressing dissatisfaction with the absence of immediate action.

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The Chief Justice ruled that either a special cabinet meeting should have been called or the government committee should have appeared before the court after completing its task.

In response, the advocate general assured that the matter would be resolved in the cabinet session scheduled for Friday.

Expressing dismay over the absence of the government committee in court, Chief Justice Khan deemed it disrespectful.

The advocate general promptly promised the committee’s presence within half an hour upon receiving the court’s call order.

Consequently, the court directed the Punjab CM and the cabinet to issue a notification regarding judges’ appointment before the next hearing.

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The court also warned that if the notification was not issued by then, the Punjab Chief Minister would be required to appear in the next hearing.

Addressing any potential concerns, the advocate general clarified that the government had no objections to the names recommended by the court for judges’ appointment.

Consequently, the case hearing has been adjourned until May 24.

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