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PM for enhanced productive links with U.S. corporate sector

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NEW YORK, Sep 22 (APP): Caretaker Prime Minister Anwaar-ul-Haq Kakar called upon the U.S. corporate sector to look at ways to further enhance its long and productive relationship with Pakistan.

He was addressing a delegation of the U.S. Pakistan Business Council (USPBC), on the sidelines of annual session of United Nations General Assembly in New York on Thursday evening.

The prime minister said attracting foreign investments in all sectors of Pakistan’s economy was government’s top priority.

The government was focused on creating a business friendly environment and would welcome all suggestions, he added.

Kakar said the government believed in no-holds-barred foreign investment regime, and had constituted the Special Investment Facilitation Council (SIFC) to facilitate foreign investors, bolster their confidence and expedite project implementation in priority areas of agriculture, IT, energy and minerals & mining.

The caretaker prime minister in particular identified agriculture, tech sector including fintech, pharmaceuticals, health, and digital banking sectors where the U.S. companies could focus their investments in Pakistan.

Ms. Esperanza Jelalian, President USPBC congratulated the Caretaker Prime Minister on assuming office and assured that USPBC will continue to engage with the government of Pakistan to seek mutually beneficial ways of enhancing cooperation.

In their remarks, the USPBC members briefed the prime minister on their businesses in Pakistan and plans to enhance their presence in the Pakistani market.

KP’s fisheries potential vital for economic growth

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PESHAWAR, Sep 22 (APP): Unaware of the famous Peshawari Qehwa being sold at his shop at historic Ghanta Ghar, Barukat Ali (40), a progressive fisherman was working against the clock to fulfill the order placed by a marriage hall in the bustling city known for the mouthwatering food cuisines and hospitality.

Cleaning Rahu, shermai, mahsher, and grass carp with the help of three labourers, Barkatullah who was surrounded by a huge stock unloaded by his brother at Ghanta Ghar fish market established in 1980, was seen repeatedly asking to expedite its packing for timely transportation to the customers at Gul Bahar Peshawar City by Saturday afternoon.

“Following unprecedented hike in prices of meat of sacrificial animals and chicken, the culture of serving guests with seafood during walima and birthday parties was making inroads in Khyber Pakhtunkhwa, especially in Peshawar besides an increase of hotels’ fish demands, making a positive economic impact on people’s associated with this business,” he said while cleaning perspirations with a white handkerchief with beaming siren of tsunami rickshaws.

“After graduation, I had jumped to this profitable business 18 years ago for failing to find a government job, but today, I am living a dignified life besides providing employment to three labourers,” he said, adding about two to three lakh people were directly and indirectly associated with the fisheries sector in KP.

Barkat said KP’s native fish were most suited to traders of Peshawar from an economic point of view compared to Karachi and Balochistan due to transportation costs.

Muhammad Zubair Khan, Director Fisheries Department said that Pakistan was blessed with numerous water resources in forms of marine, saline, and fresh water reservoirs where varieties of aquatics flora and fauna were found in abundance, adding 531 fish species were reared in the country including 233 of fresh water of rivers, lakes and ponds in the province.

In Pakistan, he said that freshwater ponds cover 60,470 hectares area and natural warm water lakes were spread on 110,000 hectares, adding Malakand and Hazara divisions besides Kurram tribal district were most suited for trout fish farming due to cold temperature and water.

Despite many health benefits, he said that fish consumption was about one percent in Pakistan where per capita consumption per year was only 2 KG while per capita consumption in the world was 17 kilograms per annum.

Professor Dr Muhammad Naeem of the Economics Department, University of Swabi said that fish farming was a highly profitable business and the country’s economic problems could be addressed by giving financial incentives to fish farmers.
Earning over Rs12.40 billion from fish exports during the last fiscal year, Pakistan’s seafood exports would be further increased with China and other neighboring countries after the completion of CPEC, he added.

“The total fish production during the financial year 2016-17 was about 477,000 MT (metric ton) out of which 332,000MT received through marine resources while remaining obtained through inland fisheries,” he said, adding this production was only 8,430MT in 2010.

Similarly, out of 482,000 MT production was recorded in 2017-18 out of which 338,000MT was achieved from marine resources and the remaining from inland reservoirs. During 2019-20, around 701,726 MT of fish were produced out of which 474,025 MT were from marine, and a 1.5 percent deduction was witnessed during 2020-21 due to overfishing in rivers, ponds, and other shrinking resources.

He said an additional 53,000MT fish production would be required by 2030 if our population growth continued at such an alarming rate.

“The indigenous shermai fish mostly found in River Kabul, is under heightening danger due to water pollution, overfishing, and climate change’s vulnerabilities,” he said, adding that ban on hunting of shermai and discharge of contaminated water of marble industrial units of Warsak Road Peshawar and Mohmand district into River Kabul may be imposed to save endangered species from its possible extinction.

Director Fisheries Zubair said, “Shermai being a sensitive species needs more oxygen than other types of fish in water for survival and breeding.”

Directives were issued to field staff to take strict action under the laws against elements involved in its illegal hunting, especially through nets and electric currents, he added.

General Secretary (GS) of the Swat Trout Fish Farming Association, Usman Ali said that around 220 trout and carp farms in Swat Valley were damaged by the year 2022 devastated floods and demanded a compensation package.

 “Any farmer having 50 marla land and proper water inflow and outflow system can produce 3,000 kg trout by earning about Rs2.5 million profit after 15 to 18 months raring. One kilogram trout in the open market was being sold at Rs 2200 to Rs 2500 per kilogram and the production increased further in case of quality breeding.”

He said, “Pakistan can earn substantial revenue by giving special incentives to trout farmers besides the construction of new trout lakes especially in Malakand and Hazara divisions, and giving it the status of an industry.”

Zubair said trout village projects in Hazara and Malakand divisions were launched under which 93 trout fish farms were established under a 50:50% cost-sharing formula basis.  A model trout hatchery was set up at Salathanar Upper Swat on 15 Kanal with the capacity to produce six million fish seeds per year.

The development of a cold water fisheries resources project costing Rs 1200 million, a joint venture of Federal and Provincial Governments having a 40:60pc cost-sharing basis, was in progress in Malakand and Hazara divisions under which 297 trout lakes were being established.

He said, “The development of reservoirs for the uplift of fisheries resources project costing Rs 500 million has been approved under which 67 carp fish farms and model hatchery on 179 kanal at Swabi will be established from where fish seedlings to be provided to private hatcheries and Turbella dam.”

With the completion of these projects, he said the KP’s fish production would likely increase to 740 metric tons from the existing 400 metric tons by 2024. Terming water pollution and climate change as a big threat to trout farming, the official suggested a comprehensive mechanism for disposal of hotel waste in the Malakand and Hazara divisions.

Work on the ‘development of fisheries resources in merged areas’ has been started under which Rs 220 million is to be spent in the first phase, adding that model coldwater research center established at Madyn Swat with a facility of a fish hatchery where academia and young researchers being facilitated to conduct researches on different issues of aquatic resources.

APP/fam/taj (APP Feature Service)

‘Summit of the Future’ aimed at creating safer, peaceful world opens at UN

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UNITED NATIONS, Sep 22 (APP):The UN General Assembly President, Dennis Francis, told foreign ministers from around the world gathered in New York on Thursday that forecasts predicting the death of effective diplomacy were premature.
“Your strong engagement during our deliberations today reaffirms that multilateralism is neither dead nor obsolete,” said Dennis Francis in his opening remarks to a preparatory meeting for next year’s Summit of the Future.
Scheduled for September 2024, it is billed as a once-in-a-generation opportunity to reinvigorate multilateralism, address gaps in global governance, and reaffirm existing commitments, including to the Sustainable Development Goals (SDGs) and the UN Charter.
Recent global shocks – including the COVID-19 pandemic, the war in Ukraine, and the climate emergency – have tested international institutions, underlining the critical need for unity around shared principles and common goals.
“The Summit of the Future is a unique opportunity to help rebuild trust and bring outdated multilateral institutions and frameworks into line with today’s world, based on equity and solidarity,” said UN Secretary-General Antonio Guterres.
“But it is more than an opportunity,” he added. “It is an essential means of reducing risks and creating a safer and more peaceful world.”
The Summit has its origins in Our Common Agenda, the Secretary-General’s 2021 report outlining his vision for the future of international cooperation “through an inclusive, networked, and effective multilateralism.”.
The report aims to “turbocharge” the push towards the 17 SDGs – the global promise to deliver a more just, equitable and greener future for all people and the planet by 2030.
Although progress has been derailed by the pandemic and other crises, a “rescue plan” agreed this week aims to get them back on track.
At the Summit, countries are expected to adopt a Pact for the Future that covers five areas: sustainable development and related financing; international peace and security; science, technology and innovation, as well as digital cooperation; youth and future generations; and transforming global governance.
Guterres commended their pledge to advance human rights, the empowerment of women and girls, and acceleration towards achieving the SDGs.
To support the negotiations, he has published 11 policy briefs that build on proposals contained in Our Common Agenda.
“The Pact for the Future will be your contract with each other and with your people,” he said. “It represents your pledge to use all the tools at your disposal at the global level to solve problems – before those problems overwhelm us.”

PM urges APPNA to invest in Pakistan’s health tourism, paramedical training

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NEW YORK, Sep 22 (APP): Caretaker Prime Minister Anwaar-ul-Haq Kakar invited APPNA to invest in health tourism, medical and paramedical education, training and skill development sectors in Pakistan.

He was talking to a delegation of Association of Physicians of Pakistani-descent of North America (APPNA), led by its President Dr. Arshad Rehan, that called on him on the sidelines of the United Nations General Assembly (UNGA) session in New York Thursday afternoon.

Kakar appreciated APPNA’s social welfare, educational and medical relief missions and programmes in Pakistan, and commended President APPNA Dr. Arshad Rehan for APPNA’s positive role in spearheading the message of unity and solidarity among Pakistani-American community.

The PM reiterated that over one million strong Pakistani-Americans were an asset for Pakistan and their contribution in country’s national development was fully recognized.

He expressed confidence that the Pakistani American diaspora will continue to contribute in Pakistan’s socio-economic progress through their remittances, investments and philanthropic work.

Kakar said that diaspora was Pakistan’s face in the US and a valuable bridge for further strengthening Pakistan-US ties. He assured APPNA delegation of Government’s firm resolve to facilitate Pakistani diaspora all around the World.

President APPNA Dr. Arshad Rehan, on behalf of APPNA members, expressed gratitude to the Prime Minister for the call-on and briefed the Prime Minister on APPNA’s continued work in social welfare, educational and medical domains in Pakistan.

Currency rates of NBP

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Exchange rates

KARACHI, Sep 22 (APP): Following are the selling/buying rates Of major currencies issued by the National Bank of Pakistan (NBP), here on Friday.

CURRENCY                                                                           SELLING                                    BUYING
USD                                                                                      296.13                                       289.77
GBP                                                                                      363.72                                       355.83
EUR                                                                                      315.57                                       309.34
JPY                                                                                       1.9984                                       1.9554
SAR                                                                                      78.96                                          77.26
AED                                                                                     80.64                                          79.42

NBP Exchange Rates

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KARACHI, Sep 22 (APP): The Treasury Management Division of the National Bank of Pakistan (NBP) on Friday issued the following exchange rates.

CURRENCY SYMBOL TT Selling TT Buying
U.S DOLLAR USD 293.20 292.70
EURO EUR 313.03 312.50
JAPANESE YEN JPY 1.9786 1.9752
BRITISH POUND GBP 360.12 359.51
SWISS FRANC CHF 324.19 323.64
CANADIAN DOLLAR CAD 217.82 217.45
AUSTRALIAN DOLAR AUD 188.39 188.07
SWEDISH KRONA SEK 26.37 26.33
NORWEGIAN KRONE NOK 27.27 27.22
DANISH KRONE DKK 41.92 41.84
NEWZEALAND DOLLAR NZD 174.10 173.81
SINGAPORE DOLLAR SGD 214.62 214.25
HONGKONG DOLLAR HKD 37.64 37.58
KOREAN WON KRW 0.2197 0.2193
CHINESE YUAN CNY 40.35 40.28
MALAYSIAN RINGGIT MYR 62.58 62.47
THAI BAHT THB 08.11 08.09
U.E.A DIRHAM AED 80.39 80.25
SAUDI RIYAL SAR 78.17 78.04
QATAR RIYAL QAR 80.43 80.30
KUWAITI DINAR KWD 949.11 947.49

CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 292.7373
GBP 360.1254
EUR 311.8823
JPY 1.9754

SETTLEMENT DATE: 26-09-2023

DC launches vehicle registration drive at Shalimar Cricket Ground

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ISLAMABAD, Sep 22 (APP): Islamabad Deputy Commissioner Irfan Nawaz Memon has launched a vehicle registration drive at the Shalimar Cricket Ground to facilitate people, where a mobile unit will be available on Friday from 3 to 5 p.m.

In addition to excise staff, the Facilitation Center’s Doorstep ICT Vehicle will also be present at the drive to provide a variety of services, including Domicile Certificate, Birth Certificate, Power of Attorney, International Driving Permit, Fuel Permit (Domestic / Commercial), Motor Vehicle Registration, ICT Spokesman said.

Vehicle owners can take advantage of this opportunity to register their vehicles, transfer ownership, or pay token taxes without having to visit an excise office.

This drive is important because it will make it easier for vehicle owners to register their vehicles and pay taxes. It will also help to reduce congestion at excise offices.

Vehicle owners can benefit from this drive by saving time and money. They can also avoid the hassle of visiting an excise office.

Vehicle owners who want to register their vehicles, transfer ownership, or pay token taxes are encouraged to take advantage of this drive.

‘World’s breadbaskets’ are sinking as sea levels rise, UNGA president warns

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UNITED NATIONS, Sep 22 (APP): Although small island States are the most vulnerable to rising sea levels, the scope of those impacted is much wider, the President of the UN General Assembly, Dennis Francis, warned Thursday.

Addressing a special summit meeting, Francis – a veteran diplomat from Trinidad and Tobago – said he was determined to make sure the issue gets the attention it deserves during his presidency.

With the climate crisis unfolding rapidly, the need for more inclusive and innovative approaches to slowing climate change, including rising seas, has been resonating throughout High-Level Week, in particular, at the Climate Ambition Summit.

For many countries, especially the Small Island Developing States, the matter at hand represents an existential threat.

“This is not a speculation or over-exaggeration. It is real,” explained Mr. Francis, substantiating his words with data from the Intergovernmental Panel on Climate Change (IPCC).

The UN body assessing the science related to climate change estimates that under current conditions the global mean sea level is likely to rise between eight and 29 centimeters by 2030, with equatorial regions suffering the most.

The rise is mainly driven by thermal expansion, aggravated by the melting of mountain glaciers and the ice cap, with a further rise anticipated of up to 70 cm by 2070.

Extreme sea level events which used to occur once every century could become an annual phenomenon by the close of this century.

A staggering 900 million people living in low-lying coastal zones are at risk of losing their homes due to rising sea levels and other climate effects, Francis warned, adding that the issue extends far beyond coastal communities.

No one is immune to a potential catastrophe, he said, “fertile river deltas like the Mississippi, Mekong, and Nile – the world’s breadbaskets – are sinking.”

Beyond the crushing impacts on livelihoods and communities, sea-level rise carries further implications, spanning environmental, legal, political, technical, economic, cultural, and human rights dimensions.

“Not only do we risk losing land, but also the rich cultural and historical heritage of these islands and regions that have helped to shape people’s identities,” alerted Mr. Francis the dignitaries, who gathered at the early morning event.

Francis called on leaders to raise their ‘collective ambition’ and take much-needed action, and move it up the agenda at the forthcoming COP28 convening on November 30 and the SIDS (Small Island Developing States) Conference planned for 2024.

New York, Dallas and Florida confirmed as host venues for T20 World Cup 2024

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NEW YORK, Sep 21 (APP):Dallas, Florida and New York have been named as venues for the ICC Men’s T20 World Cup in 2024 when the United States hosts the event for the first time, according to American media reports.

The tournament, to be co-hosted by West Indies, will be played on the soil of a country where cricket is not a major sport, but millions of immigrants live in the U.S. from cricket-playing countries.

Cricket enthusiasts welcomed the news that the biggest tournament in history, with 20 teams competing, will be played here.

A 34,000-seat modular stadium will be built at Eisenhower Park in Nassau County, New York, subject to a permit.

Existing venues at Grand Prairie, Dallas, and Broward County in Florida will be increased in size.

The ICC Board awarded the hosting of the event to the West Indies and the USA in November 2021.

“The USA is a strategically important market and these venues give us an excellent opportunity to make a statement in the world’s biggest sport market,” International Cricket Council (ICC) chief executive Geoff Allardice said.

“We explored a number of potential venue options in the country and we were hugely encouraged by the enthusiasm the event generated in prospective hosts, reinforcing the growing awareness around cricket’s massive fanbase and its power to unite diverse communities.”

Major League Cricket, the inaugural T20 franchise tournament in the United States, was held for the first time in July.

The World Cup will be held in North America for the first time in June 2024 – and the USA, who have not qualified for a major ICC tournament since 2004, and West Indies have been granted automatic qualification as hosts.

The ICC said it would utilize modular stadium infrastructure to develop “a world-class state-of-the-art” purpose-built stadium in New York, with two to three months of work scheduled to commence in late January 2024.

“We are very excited about the opportunity to use modular stadium technology to present world-class cricket in a location that has not previously hosted an ICC global event, giving USA cricket fans the chance to watch the world’s best on their doorstep,” Allardice said.

“This technology has been used at previous ICC events to increase venue capacity and it’s routinely used in other major sports around the world.

“In the USA, it will give us the opportunity to increase the size of the venues in both Dallas and Florida and create what is going to be a stunning venue in New York.”

Trudeau asks India to work with Canada on Sikh leader’s murder

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Trudeau

UNITED NATIONS, Sep 22 (APP): Canadian Prime Minister Justin Trudeau Thursday called on India to collaborate with Canada to ensure a transparent investigation into the killing of a Sikh leader on Canadian soil.

“We call upon the government of India to take this matter seriously and to work with us to shed full transparency and ensure accountability and justice in this matter,” he said in response to questions at a press conference on the sidelines of the 78th session of UN General Assembly (UNGA).

On Monday, Trudeau said on that Canada had “credible” evidence linking Indian government agents to the murder of Hardeep Singh Nijjar in June, prompting an angry reaction from New Delhi. Nijjar, 45, was a Canadian citizen.

In Islamabad, Pakistan called the incident, which has further strained ties between Canada and India, “a reckless and irresponsible act that calls into question India’s reliability as a credible international partner and its claims for enhanced global responsibilities.”

It shows “that India’s network of extra-territorial killings has now gone global,” Foreign Ministry spokeswoman Mumtaz Zehra Baloch told reporters.

Traditional Canadian allies have so far taken a relatively cautious approach to the matter. Analysts say this is partly because the United States and other major players see India as a counterweight to the growing influence of China.

“There is no question that India is a country of growing importance and a country that we need to continue to work with … and we’re not looking to provoke or cause problems,” Trudeau told reporters. “But we are unequivocal around the importance of the rule of law and unequivocal about the importance of protecting Canadians.”

“That’s why we call upon the government of India to work with us to establish processes to discover and uncover the truth of the matter.”

“We are a country of the rule of law. We are going to continue to do the work necessary to keep Canadians safe and to uphold our values and the international rules-based order. That’s our focus right now,” Trudeau asserted when questioned about potential retaliatory measures following India’s suspension of visa services for Canadians.

Tensions between India and Canada escalated this week after Trudeau’s assertion of a “potential” involvement of Indian agents in Nijjar’s killing on June 18 in British Columbia.

Trudeau emphasized the importance of addressing credible allegations, stating, “Of course, there are credible allegations that we need to take extremely seriously as Canadians and indeed as a world.”