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PM for national resolve, efforts to revive Pakistan’s grandeur

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ISLAMABAD, Aug 3 (APP): Prime Minister Shehbaz Sharif on Thursday urged the nation to make determined and concerted efforts to make Pakistan regain its grandeur and stature and compete with the world.

The prime minister, addressing the inauguration ceremony of Bhara Kahu Bypass here, said the country’s eastern neighbor had moved far ahead but nothing was to worry about if the nation was resolved to take the country forward as was dreamt by Quaid-e-Azam and pursued by Nawaz Sharif in 1990s.

Started in October 2022, the project was executed by NLC within nine months time, costing Rs 6.25 billion. It has removed a major bottleneck for millions of commuters travelling to Muree, Kashmir, and Galliyat from across the destination, besides remarkably reducing their travel time.

The prime minister, who inaugurated the project, said throughout his political career and during all of his interactions, his only intention had been to serve the poor masses who had been faced with tough conditions of life.

PM for national resolve, efforts to revive Pakistan's grandeur

But, he said the previous governments had been wasting billions of rupees from the national kitty by impeding public projects, and exemplified Haveli Bahadur Shah Power Plant which was stopped despite having spent billions of rupees which otherwise could have been used for public interest project.

Calling the Bahara Kahu bypass’s inauguration a moment of satisfaction, the prime minister said the project would ease the difficulties of travelers of Islamabad, Punjab and KP visiting AJK and Galliyat.

He said the project should have been completed years ago but the incumbent conceived it and managed to accomplish it within nine months despite challenges including land dispute with Quaid-e-Azam University which was settled through court.

The prime minister said he had given a three-month target for the project completion which was also achievable had there been no challenges.

He said Bhara Kahu Bypass was also the vision of Nawaz Sharif’ whose government was removed through the “worst conspiracy” and the projects of his government were impeded.

He said the government completed the Metro Bus Project within no time which had been suspended by the previous government.

He told the gathering that the after the opening of LCs the environment-friendly electric buses were set to reach Islamabad for the facilitation of the residents of Islamabad.

The prime minister instructed the CDA to plant a million trees around the Bhara Kahu Bypass, though around 70,000 have already been planted.

The prime minister thanked the party leadership for their support and contribution to the project and instructed the CDA to beautify Islamabad like Baku of Azerbaijan.

He also appreciated the Chief of Army Staff General Syed Asim Munir for his dedicated support for the project.

In her address, Minister for Information and Broadcasting Marriyum Aurangzeb recalled the journey of progress marked by determined and resolved efforts by Prime Minister Shehbaz Sharif during last 15 months.

She said the prime minister managed to revive the course of development which was initiated by the PML-N government in its previous tenure but was obstructed by the previous government.

She said within a short span of 15 months, the incumbent government provided relief to the people from across the country, be it free flour distribution or relief works during floods. The prime minister turned the instability into economic prosperity, she added.

She appreciated the prime minister for reviving the journey of economic development that had been initiated by Nawaz Sharif.

The minister said she had never seen such massive development works across the federal capital as the residents always yearned to have infrastructure and landscape as was developed by Shehbaz Sharif in Lahore and other parts of Punjab.

She questioned if the incumbent government could execute the projects like Bhara Kahu Bypass and others within 15 months, then why those who always criticized others failed to do so during their four years of government.

The minister said for public facilitation, all of the Islamabad Metro routes have been linked with Airport and residential sectors.

Former minister Dr Tariq Fazal Chaudhry said for the first time, CDA was carrying out development works in rural areas of Islamabad.

He said projects worth Rs200 billion were launched in Islamabad and 90% of those had been completed.

CDA Chairman Noorul Amin Mengal said the CDA was spending Rs20 billion for the uplift of Islamabad’s rural areas.

He said 55 parks and Sunday bazaars were being established in the rural belt.

PML-N leader Hanif Abbasi said the projects including Karnal Sher Khan ROad, 7th Avenue Interchange, and Islamabad Expressway project were completed by the incumbent government.

He said an Olympics Village and Food Street were being developed in Islamabad to faciliate the residents.

Pakistani envoy Masood Khan, senior US official discuss boosting economic ties

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Pakistani envoy Masood Khan us

WASHINGTON, Aug 03 (APP): Pakistan ‘s Ambassador to the United States, Masood Khan, Wednesday discussed with the US Under Secretary for Economic Growth, Energy, and Environment, Jose Fernandez, steps to strengthen the economic partnership between the two countries.

“Today I discussed with Pakistani Ambassador Masood Khan strengthening US-Pak economic partnership and climate resilience via the U.S.-Pakistan Green Alliance and investment in the technology sector,” tweeted Under Secretary Fernandez.

“I look forward to working together on mutually beneficial priorities,” he said.

Reciprocating, Ambassador Masood Khan thanked Fernandez for receiving him with warmth, according to a press release issued by the Pakistani embassy.

“Together- Pakistan and the US – will work to take our cooperation in trade, technology, agriculture, energy, and climate resilience to a higher plane”, he said in his tweet.

He also expressed the hope to attract more foreign direct investment (FDI) from the US for Pakistan.

Meher Kashif emphases importance of economy, democracy

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Meher Kashif

ISLAMABAD, Aug 03 (APP): Coordinator to Federal Tax Ombudsman Meher Kashif Younis on Thursday emphasized the importance of economy and democracy for Pakistan’s development.

In his presidential address at a round table conference on “Democracy and Economy,” he said a strong economy fosters growth, job opportunities, and improved living standards while democracy ensures a representative government that upholds the rule of law, protects human rights, and encourages people participation in decision-making.

He said the synergy between a stable economy and a functioning democracy is vital for Pakistan’s progress and sustainable development, said a news release issued here.

However, it was important to recognize that specific challenges and priorities may evolve over time, and continued efforts are needed to strike a balance between these two pillars.

A healthy economy with opportunities for growth and prosperity can strengthen democratic institutions, he remarked.

He said a robust economy can lead to improved living standards, reduced poverty, and increased access to education and healthcare.

This, in turn, fosters a more engaged and informed citizenry, which is essential for a vibrant democracy, he added.

Balancing the economy and democracy is an ongoing process that requires careful consideration, public discourse, and a commitment to uphold democratic principles while promoting sustainable economic growth, he added.

Meher Kashif Younis said economy and democracy are closely intertwined concepts. In a democratic system, the economy plays a crucial role in shaping people’s lives, opportunities, and overall well-being.

Conversely, democratic governance influences economic policies and decisions, he added.

Pak-China friendship to jointly safeguard ‘mutual interests, tackle global challenges: Sun Weidong

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Sun Weidong

ISLAMABAD, Aug 3 (APP): Chinese Vice Foreign Minister Sun Weidong Thursday termed Pakistan-China friendship ‘unbreakable’ and said that the two sides had always stood by each other in hard times and will continue act “collectively” to protect their mutual interest for tackle global challenges. “The leaderships of both sides are agree to continue the mutual understanding through supporting traditional friendship to promote peace in the region”, he said in an exclusive interview with PTV news channel.

He said China and Pakistan are unique and time-tested all-weather strategic cooperative partners, adding, the friendship between the two sides will be passed on from generation to generation and will not be shaken or changed.
He said Pakistan-China friendship is higher than mountains and strong than rocks.

Replying to a question, he said both the governments have decided to cooperate with each other and develop the agriculture, industry and transport sector.
Although, investment and cooperation will be expanded at the national level, marginalized and less-developed areas will get priority, he added.

He said that China and Pakistan were the most trustworthy good neighbors, good friends and good brothers to each other.
To another query, he replied that the recent visit of He Lifeng, the Chinese vice premier and special presidential envoy “reflects the importance” the two countries attached to deepen their bilateral ties further.

The CPEC has brought more billions of Chinese investment to Pakistan, establishing power plants, developing the strategically located deep-water Pakistani port of Gwadar on the Arabian Sea and building transport infrastructure, he mentioned.
“Over the past decade, as an important pioneering project of the BRI, CPEC has achieved fruitful results and become a new benchmark for the friendship between China and Pakistan,” he added.

The CPEC projects “are flourishing all across Pakistan,” making a “tangible contribution” to the national development of the country and to regional connectivity as well, he mentioned.

NBP Exchange Rates

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KARACHI, Aug 03 (APP): The Treasury Management Division of the National Bank of Pakistan (NBP) on Thursday issued the following exchange rates.

CURRENCY SYMBOL TT Selling TT Buying
U.S DOLLAR USD 289.80 289.30
EURO EUR 317.39 316.84
JAPANESE YEN JPY 2.0220 2.0185
BRITISH POUND GBP 368.43 367.79
SWISS FRANC CHF 330.04 329.47
CANADIAN DOLLAR CAD 217.00 216.63
AUSTRALIAN DOLAR AUD 189.32 188.99
SWEDISH KRONA SEK 27.16 27.11
NORWEGIAN KRONE NOK 28.16 28.11
DANISH KRONE DKK 42.51 42.44
NEWZEALAND DOLLAR NZD 175.93 175.62
SINGAPORE DOLLAR SGD 215.82 215.45
HONGKONG DOLLAR HKD 37.28 37.21
KOREAN WON KRW 0.2229 0.2225
CHINESE YUAN CNY 40.44 40.37
MALAYSIAN RINGGIT MYR 63.66 63.55
THAI BAHT THB 08.40 08.39
U.E.A DIRHAM AED 79.46 79.33
SAUDI RIYAL SAR 77.33 77.20
QATAR RIYAL QAR 79.63 79.49
KUWAITI DINAR KWD 942.90 941.27

CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 289.264
GBP 369.8529
EUR 317.525
JPY 2.0288

SETTLEMENT DATE: 07-08-2023

APP/mzr/

August 5 one of darkest chapters in Kashmir’s history: Saghar

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Saghar

ISLAMABAD, Aug 3 (APP): The Convener of All Parties Hurriyat Conference Azad Jammu and Kashmir (APHC-AJK) chapter, Mahmood Ahmed Saghar terming August 5 as one of the darkest chapters of Jammu and Kashmir’s recent history said the Kashmiris do not accept Modi-led Indian government’s illegal actions it had taken on the day in 2019 in violation of the UN resolutions.

According to Kashmir Media Service, Mahmood Ahmed Saghar in a statement issued in Islamabad, Thursday, said, it was on August 5 in 2019 when the RSS-backed apartheid regime led by Modi snatched all political, social, religious, and other basic rights of the people of occupied territory by dint of force and as such the Kashmiris observe the day as ‘Youm-e-Istehsal’.

He said that India’s illegal action to strip Kashmir of its special status was an attack on Kashmir’s unique identity and aimed at changing the internationally disputed status of Jammu and Kashmir. He said, “Kashmiris will continue their struggle till they achieve their right to self-determination”.

The policies of oppression and suppression by India, he said, cannot deter the Kashmiri people from getting their inalienable right, Saghar added.
The APHC-AJK Convener urged the Kashmiris all over the world to hold protest demonstrations on August 5 against Indian aggression and to draw the attention of the world towards the plight of the people of Kashmir.

MILGEM project a major step towards self-reliance and indigenization: PM

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Prime Minister Muhammad Shehbaz Sharif, Türkiye's Vice President Cevdet Yilmaz and Chief of Naval Staff Admiral Muhammad Amjad Khan Niazi cutting a rope to launch Pakistan's 4th MILGEM Class Corvette"PNS Tariq" into sea at Karachi Shipyard & Engineering Works
APP17-010823 KARACHI: August 02 - Prime Minister Muhammad Shehbaz Sharif, Türkiye's Vice President Cevdet Yilmaz and Chief of Naval Staff Admiral Muhammad Amjad Khan Niazi cutting a rope to launch Pakistan's 4th MILGEM Class Corvette"PNS Tariq" into sea at Karachi Shipyard & Engineering Works. APP/ABB

ISLAMABAD, Aug 3 (APP): Prime Minister Shehbaz Sharif on Thursday said that the launch of the state-of-the-art MILGEM Class Warship PNS Tariq was a major step towards self-reliance and indigenization in the defence sector.

The prime minister, who jointly launched PNS Tariq along with Turkish Vice President Cevdet Yilmaz in Karachi, wrote on a social media platform that the MILGEM project opened new vistas of closer collaboration between Pakistan and Turkiye and would prove to be an enduring icon of our friendship.

PNS Tariq is the 4th Ship of MILGEM Class and the second one being constructed in Pakistan.

The prime minister said that maritime trade activities were going to increase manifold with the growth in Pakistan’s financial and industrial base. This will create the need for additional capacity to support expansion in the maritime sector, he added.

Prime Minister Shehbaz said Pakistan remained committed to developing maritime infrastructure along the coast from Karachi to Gwadar to prepare itself as the future trade and trans-shipment hub in the region.

MILGEM Class Ships will also play a crucial role in meeting our security needs, he remarked.

PM thanks President Xi for “powerful” message of support, solidarity with Pakistan

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ISLAMABAD, Aug 03 (APP): Prime Minister Shehbaz Sharif on Thursday thanked Chinese President Xi Jinping for his “powerful” message of support and solidarity with Pakistan on completion of the Decade of China-Pakistan Economic Corridor (CPEC).

In his message, which was also read out by Chinese Vice Premier He Lifeng at a ceremony marking 10 years of CPEC held here, President Xi had assured that China would always stand firm with Pakistan regardless of any change in international landscape.

He also emphasised that both countries would continue to improve overall planning and deepen cooperation.

“Highly grateful to H.E. President Xi Jinping for his powerful message of support and solidarity with Pakistan on the occasion of the completion of the Decade of CPEC,” Prime Minister Shehbaz wrote on a social media platform.

He said that President Xi’s emphasis on building CPEC into “an exemplary project of high quality Belt and Road Cooperation” reflected his commitment to the well-being of the people of Pakistan.

He said indeed, CPEC had achieved many milestones over the course of last ten years in the fields of high quality infrastructure, energy, and socio-economic growth.

“As the flagship project of BRI, CPEC matured into a story of transformation under the leadership of Mian Nawaz Sharif. Pakistan is ready to share this story with our friends and partners around the world,” the prime minister remarked.

He said Pakistan would never be able to thank President Xi Jinping enough for his singular contribution to taking the China-Pakistan Strategic Cooperative Partnership to new heights.

“I am determined to work with more energy and passion to make the second phase of CPEC a resounding success,” he resolved.

PTI warned of election symbol disqualification on failure to conduct party elections

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ISLAMABAD, Aug 02 (APP): The Election Commission of Pakistan (ECP) warned that Pakistan Tehreek e Insaf (PTI) may be declared ineligible for the election symbol if it fails to conduct intra-party polls within the stipulated timeframe.

The commission has issued a notice to the PTI chairman requiring his presence on August 4 (Friday) at 10 am. Failure to appear may lead to the political party being deemed ineligible to obtain an election symbol for future elections under Section 215 (5) of the Elections Act, 2017.

The ECP reminded the PTI about its intra-party polls due on June 13, 2021, as per its constitution. Despite being notified to conduct the polls within the specified timeframe, the PTI didn’t provide the required certificate, as required by the Elections Act, 2017.

In May of the previous year, the polls organizing authority issued a final notice to the PTI, directing them to conduct intra-party elections on or before the extended date of 13.06.2022. The notice explicitly stated that no further extension would be granted.

The ECP referred to Section 209(1) of the Election Act, which requires every registered political party to provide the ECP with a certificate regarding the conduct of intra-party elections as mandated by the law.

Failure to comply with this provision could result in the ECP declaring the party ineligible to obtain an election symbol.

Last month, the ECP instructed political parties to submit their applications for election symbol allotment ahead of the upcoming general polls scheduled for later this year. Along with the applications, parties were asked to attach a list of preferred symbols, with the party leader’s signature being mandatory. The application must also include the address of the political party’s head office. The ECP will assess the parties’ eligibility after receiving the applications.
In 2018, the PTI was allotted a ‘bat’ symbol to contest the general elections.

Dar congratulates FBR team for achieving July 2023 revenue target of Rs 539 bln

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Islamabad: August 02, 2023: Finance Minister Senator Mohammad Ishaq Dar visited FBR (Hqr) today and extended felicitations to Malik Amjad Zubair Tiwana on assuming the charge of Chairman FBR.

ISLAMABAD, Aug 2 (APP): Finance Minister Senator Mohammad Ishaq Dar Wednesday congratulated the Federal Board of Revenue (FBR) team for achieving the July 2023 revenue target of Rs 539 billion.

The minister, during his visit to the FBR headquarters, also felicitated Malik Amjad Zubair Tiwana on assuming the charge as FBR chairman and expressed confidence that he would work hard to achieve the revenue target for FY24.

Ishaq Dar encouraged the FBR team to work with dedication and provide max facilitation to taxpayers.

He said eliminating the deficit of the budget and current account was a priority. The foreign exchange reserves were stabilizing rapidly, while steps had been taken for the development of agriculture, IT and mineral sectors, he added.

Ishaq Dar appreciated the FBR for collecting Rs 7,169 billion in taxes during the last financial year against the target of Rs 7,200 billion.

He said the non-existent shortfall of Rs 31 billion was due to imports compression and expenditure in foreign currency.