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Export of sports goods increases 10.93% to US 404.797 mln

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ISLAMABAD, Jul 18 (APP): The export of sports goods from the country witnessed an increase of 10.93 percent during the fiscal year (2022-23) as compared to the export of corresponding last year.

The country exported sports goods worth US$ 404.797 million during July-June (2022-23) as opposed to the export of US$ 364.901 million during July-June (2021-22), showing growth of 10.93 percent, according to the data released by the Pakistan Bureau of Statistics (PBS).

Among the sports products, the exports of footballs rose by 24.25 percent, surging from US$ 190.668 million last year to US$ 236.897 million during the year under review.

The gloves exports, however, dropped by 12.23 percent by going down from US$ 76.262 million last year to US$ 66.366 million, the PBS data revealed.

Likewise, the exports of all other sports goods rose by 3.06 percent to US$ 100.966 million from US$ 97.971 million last year.

Meanwhile, on a year-on-year basis, the sports goods export witnessed a decrease of 5.53 percent in June 2023 as opposed to the export of the same month of last year.

The sports goods exports in June 2023 were recorded at US$ 34.265 million against exports of US$ 36.269 million in June 2022.

During the period under review, the export of footballs and gloves decreased by 7.55 and 22.38 percent respectively, whereas the export of other sport products surged by 11.90 percent.

Meanwhile, on a month-on-month basis, the exports of sports goods increased by 7.88 percent during June 2023, in contrast to the exports of US$ 31.763 million in May 2023, the PBS data revealed.

On a month-on-month basis, the exports of gloves and all other sport products rose by 27.80 and 49.98 percent respectively, in addition the exports of footballs decreased by 8.70 percent.

President for boosting trade, economic cooperation with Maldives

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ISLAMABAD, July 18 (APP): President Dr Arif Alvi on Tuesday underlined the need for increasing trade and economic cooperation with Maldives for the mutual benefits of two countries.

He said that there was a great potential to expand bilateral trade and export Pakistani products to Maldives, particularly textiles, fabrics, rice, cement and pharmaceutical.

He expressed these views while talking to the outgoing High Commissioner of Maldives to Pakistan Farzana Zahir who called on him, at Aiwan-e-Sadr, President Secretariat Press Wing said in a press release.

Talking to the outgoing High Commissioner, the president highlighted that Pakistan attached great importance to its relations with Maldives in bilateral context and within the framework of the South Asian Association for Regional Cooperation (SAARC), Organization of Islamic Cooperation (OIC), the United Nations and Commonwealth.

He said that both countries had commonality of views on important regional and global issues, particularly the threat posed by global warming.

He underlined the need for closer cooperation among countries of the world to counter the severity of natural disasters as well as climate change that had endangered both developed and developing countries alike.

President Alvi further said that both countries needed to enhance cooperation in the area of tourism and learn from each other’s experience.

He also highlighted that the isolation and persecution of the Muslims by India was a matter of grave concern and the international community needed to take notice of the brutalities being committed by the Indian security forces against the Muslims, particularly in Indian Illegally Occupied Jammu & Kashmir (IIOJK).

He also called for revitalization of the SAARC enabling it to achieve its objectives.

Referring to the rising wave of Islamophobia, the president emphasized that the Islamic countries should work together to counter the Islamophobia. 

He also congratulated the outgoing high commissioner on the successful completion of her tenure and appreciated her efforts for improving Pakistan-Maldives ties.

PM, Chairman Senate discuss overall political situation

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ISLAMABAD, July 18 (APP): Chairman Senate Sadiq Sanjrani called on Prime Minister Shehbaz Sharif and discussed with him the overall political situation in the country.

The meeting also discussed progress on development projects in Balochistan.

The Chairman Senate paid tribute to PM Sharif on the restoration of work at Dalbandin Airport in Balochistan on an emergency basis. He also praised the efforts of the prime minister and his economic team for the materialization of deal with International Monetary Fund.

Separately, Federal Minister for Education and Technical Training Rana Tanvir Hussain called on the prime minister and discussed with him political matters. He also updated the prime minister about the professional issues related to his ministry.

International symposium on traditional Chinese, Unani medicines held

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CHANGSHA, Jul. 18 (APP): Over 400 medicinal professionals from China and Pakistan gathered at an international symposium and shared their commitment to strengthen cooperation on traditional medicine.

The 2nd International Symposium on Traditional Chinese and Unani Medicine was recently held in Changsha, China and Karachi, Islamabad.

Solid foundation has been made for China and Pakistan to cooperate. In the future, the two sides will further deepen cooperation in personnel training, clinical trials and drug registration in the field of traditional medicine, and jointly promote Chinese medicine to go global, said Prof. Dr. M. Iqbal Choudhary, Director of the International Center for Chemical and Biological Sciences (ICCBS), University of Karachi.

Experts from the Sino-Pakistan Cooperation Center for Traditional Chinese Medicine, the organizer of the event, told China Economic Net (CEN) about the latest developments in the space breeding of 7 Pakistani medicinal plants, a project undertaken by the center in collaboration with bilateral stakeholders. After the plant seeds successfully returned to Pakistan from China spacecraft Shenzhou 14, three varieties sprouted and are in good condition.

Researchers will continue to record the information such as plant height, stem width, and crown width for composition and efficacy analysis, CEN reporter was told.


The center has also set up an international mentors team to train TCM professionals in Pakistan and cultivate Ph.Ds and post-docs.


At the symposium, Dr. Azra Fazal Pechuho, Sindh Provincial Minister Health and Population Welfare, Department of Health & Population Welfare was presented with the appointment letter of Visiting Professor of the School of Pharmacy, Hunan University of Chinese Medicine, a host of the meeting.

Two books, namely Zhongjing Spirit and Huxiang Culture, a book on the spirit and culture of traditional Chinese medicine, and Materia Medica Homologous with Food, were officially released and gifted to Pakistani guests at the event.

Scholars also exchanged academic ideas regarding the clinical application and basic research of traditional Chinese medicine and Unani medicine, such as international laws and regulations on Chinese (herbal) medicine, drug discovery combining ethnic medicine knowledge with modern science, study of medicine resources in the habitats of Dong ethnicity and their natural products, etc.

The symposium is held in the year that marks the tenth anniversary of the Belt and Road Initiative. Through collaboration on traditional medicine, China and Pakistan will contribute to preserving and promoting the health of mankind, said Zhang Zaiqi, Secretary of the CPC Committee of Hunan University of Medicine, another host of the event.

Amin holds productive meeting with Azerbaijani minister

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ISLAMABAD, Jul 18 (APP): In a bid to enhance collaboration in the digital realm, Federal Minister for Information Technology and Telecommunication, Syed Amin ul Haque, held a productive meeting with the Azerbaijani Minister for Digital Development and Transport, Rashad Nabiyev.


During the meeting, in-depth discussions were held on digital transformation, software development, and IT revenue-related matters, with a focus on fostering stronger ties between the IT and telecom sectors of both countries.


Amin ul Haque emphasized Pakistan’s deep appreciation for its relations with Azerbaijan, describing them as robust and fraternal.


He expressed a keen interest in further strengthening bilateral ties, particularly in the technology sector, and lauded Azerbaijan’s commitment to the development of the digital landscape.


The Azerbaijani Minister, Rashad Nabiyev, expressed his country’s desire to bolster mutual cooperation, especially in the domain of IT and software development.


He also commended Pakistan’s ambitious Digital Pakistan Vision, recognizing the nation’s efforts towards digital transformation and the IT industry’s significant role in this endeavour.


Both sides expressed their commitment to jointly working towards the advancement of the IT and telecom sectors. They agreed that establishing a joint working group would be essential to strengthen the IT and telecom relations between Pakistan and Azerbaijan.


Azerbaijan’s delegation, led by Minister Rashad Nabiyev, also had the opportunity to receive a detailed briefing on Pakistan’s digital landscape and initiatives, presented by Member IT Syed Junaid Imam.


The meeting was attended by Secretary IT, Navid Ahmed Sheikh, Member IT, Syed Junaid Imam, Member Telecom, Muhammad Omar Malik, Member International Coordination, Ajmal Awan, Member Legal, Babar Sahil, CEO of Pakistan Software Export Board, Ali Reza, and COO Ignite, Asim Shahryar Husain.
Later, the Azerbaijani delegation also held meetings with CEOs of various IT companies.

Food imports reduced by 0.88 % in FY 2022-23

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ISLAMABAD, Jul 18 (APP): Food group imports into the country during fiscal year ended on June 30, 2023, decreased by 0.88 percent as compared to the imports of the corresponding period of last year.

During the period from July-June, 2022-23, the country spent $8.936 billion on the import of different food commodities as compared to the imports of $9.016 billion in the same period last year in order to fulfil the local requirements, according to the data of Pakistan Bureau of Statistics.

During the period under review, the imports of milk, cream and milk for infants into the country reduced by 11 percent as it came down from $144.300 million to $162.140 million, whereas the imports of dry fruits and nuts decreased by 38.75 percent as it was recorded at $39.964 million as against the imports of 65.272 million of same period of last year.

The import of tea during the last fiscal year also decreased by 9.13 per cent as it was recorded at $569.043 million as against the imports of $626.185 million of the same period last year.

Meanwhile, the spices imports decreased by 30.04 percent as it was recorded at $151.240 million by end of the fiscal year 2022-23 as compared the imports of $216.183 million in the same period of last year.

However, during the period under review, the imports of food commodities including wheat grew by 34.85 percent as wheat valuing $1.072 billion imported to tackle with the local requirements as against the imports of $795.286 million of same period last year.

Meanwhile, soya bean oil imports into the country also increased by 60.05 percent during the last fiscal year as soya bean valuing $315.540 million imported to fulfill local edible oil and vegetable ghee requirements as compared to the imports of $197.154 million of same period last year.

During the last fiscal year, the exports of food commodities from the country decreased by 7.25 percent as it was recorded at $5.0222 billion as against the exports of $5.415 billion of the corresponding period of last year.

KSrelief sponsors 12 medical camps in Pakistan to combat blindness, eye diseases

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ISLAMABAD, Jul 18 (APP): In a groundbreaking initiative, the King Salman Humanitarian Aid and Relief Centre (KSrelief) has joined forces with Al-Basar International Foundation and Al-Ibrahim Eye Hospital Karachi to sponsor 12 medical camps across Pakistan.

These camps are strategically set up in rural and urban areas of Sindh and Baluchistan Province to combat blindness and eye diseases, addressing regions where eye care services are scarce, said a news release issued here on Tuesday.

The primary objective of this humanitarian outreach program is to detect and address eye-related issues at an early stage, offering specialized treatment to individuals who lack access or cannot afford such facilities.

The impact of this effort has been profound, reaching individuals in various communities of Sindh and Baluchistan provinces.

The medical camps have already made a significant difference, providing more than 50,000 medical examinations, over 5,000 sight-restoring surgeries, and distributing 12,000 glasses for vision correction, in addition to the medications prescribed by doctors.

This initiative ensures that not only do patients receive essential treatment, but they also have access to necessary eyewear, significantly enhancing their visual capabilities.

The outreach program, held in the cities of Karachi, Matli, Kundairo, Shikarpur, Kharan, and Kalat, has allowed thousands of residents from these areas to benefit from specialized eye care services, thus improving their quality of life and providing hope for a brighter future.

This collaborative effort underscores the Kingdom of Saudi Arabia’s commitment to humanitarian causes and its dedication to improving the lives of individuals affected by blindness. Through these medical camps, KSrelief has exemplified its mission of extending a helping hand to those in need, restoring sight, and making a lasting impact on the lives of thousands of patients.

Kerb currency market

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KARACHI, Jul 18 (APP): Following were the Opening Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Tuesday.

F.C. LOW RATE HIGH RATE
U.S $ (Inter Bank) 279.00 281.35
U.S $ (Cash Free Market) 282.00 285.00
SAUDIA RIYAL 75.00 75.80
UAE DIRHAM 77.50 78.30
EURO 316.50 321.50
UK POUND 368.80 373.80
AUD $ 190.50 194.50
CAD $ 213.00 218.00
CHINESE YUAN 41.00 44.00