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President says he held good meetings with his Bangladeshi counterpart

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ISLAMABAD, July 3 (APP): President Dr Arif Alvi on Monday said that he held good meetings with Bangladesh President Shahabuddin in Makkah, Mina and Madina.

On his Twitter handle, the president posted twin pictures and informed that in white was his childhood friend Salman Rehman, who is now a Member of Parliament, Minister and Advisor in Bangladesh.

President says he held good meetings with his Bangladeshi counterpart

“We met after 60 years (yrs). Blessings of Allah will do wonders for our relationship,” he further added.

The president has been in the Kingdom of Saudi Arabia to perform Hajj.

President says he held good meetings with his Bangladeshi counterpart

Bilawal Bhutto Zardari calls on Japanese Prime Minister

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ISLAMABAD, Jul 3 (APP):Foreign Minister Bilawal Bhutto Zardari on Monday called on the Japanese Prime Minister Fumio Kishida in Tokyo and discussed with him matters of mutual interests.

The foreign minister conveyed greetings from the Government and people of Pakistan, according to the ministry of foreign office’s spokesperson.

During the meeting, both leaders expressed the desire to further enhance bilateral engagement and cooperation in different fields.

Seeds of Pakistan’s economic development taking roots: Shehbaz Sharif

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ISLAMABAD, Jul 3 (APP):Prime Minister Shehbaz Sharif on Monday felicitated the business community and the nation on the unprecedented surge of Pakistan Stock Exchange (PSX).

He said as a result of staff level agreement and a $3 billion standby arrangement with the International Monetary Fund (IMF), the trust of investors and business community was rapidly reviving.

After Pakistan’s agreement with the IMF, the Pakistan Stock Exchange (PSX) opened with a surge of 5.38%, or 2,231 points on Monday. The PSX benchmark rose to 43,684 points in the opening session.

In a statement issued by the PM Office, Shehbaz Sharif said the government’s continued struggle and prudent policies had started bearing fruits as signs of the country’s economic revival were rising.

We are resuming the journey of the economic development and decline in inflation rate from the point where Quaid Muhammad Nawaz Sharif had left.

Thanks God, the country has been put on the path of development again, he said adding that after severe disappointments, a new sun of hope is rising again.

Praying to Allah Almighty for further successes on economic front, the prime minister said the seeds of Pakistan’s development had started taking roots as a result of the government’s sincere efforts, honesty and truth.

He said the government once again had embarked upon Qauid Muhammad Nawaz Sharif’s vision of construction, development and people’s welfare.

He said just as between 2013 and 2018 the PML-N government succeeded to free Pakistan from energy crisis, terrorism and other problems, brought economic development, it would bring Pakistan on the path of development and prosperity with same spirit.

Shehbaz Sharif vowed to continue the journey of economic stability and national development with the same direction, spirit and struggle.

“Under the leadership of Muhammad Nawaz Sharif, just as China Pakistan Economic Corridor (CPEC) was launched, economy revived, inflation rate kept at around 4%, growth rate brought to 6.1% and policy rate was kept at 6%, we are coming back again to same journey of development,” he added.

He said now the development process in all sectors including agriculture, Information Technology and industry would be expedited. Then, he said the inflation would subside and youth would be empowered by providing them the employment and business opportunities.

Pakistan army a strong defence line against enemy’s evil designs: PM

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ISLAMABAD, July 3 (APP): Prime Minister Shehbaz Sharif on Monday said the valiant soldiers of the Pakistan army were a strong defence line in protecting the homeland against the enemy’s evil designs.

The prime minister expressed these views in a tweet after the six security personnel including Major Saqib Hussain were martyred in the Sherani and Kech districts of Balochistan.

PM Sharif said the nation held the sacrifice of the soldiers in high esteem, which was a guarantee of the peace and security of the country.

He expressed an undeterred resolve to eliminate the elements who wanted to disrupt peace in Balochistan.

He said the progress and development of Balochistan was a top priority for the government.

Pakistan, China discuss avenues to further strengthen cooperation

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Pakistan, China discuss avenues to further strengthen cooperation

ISLAMABAD, Jul 3 (APP): Pakistan and China here on Monday discussed various avenues available for both countries to deepen bilateral relations in economic, trade, and financial sectors to expand the existing cooperation to unprecedented levels.

According to a press statement issued by the finance ministry, the discussion was made during a call on the meeting of Charge’d Affairs, Embassy of the People’s Republic of China, Ms. Pang Chunxue with Finance Minister Senator Mohammad Ishaq Dar.

Dar warmly greeted the Charge de Affairs and appreciated the deep-rooted historical bilateral relations between Pakistan and China. He informed the Charge de Affairs about the progress on the 9th review with International Monetary Fund (IMF) stating that Pakistan has successfully reached the staff-level agreement.

He also apprised the Charge de Affairs about stability in the economy and how the government is making efforts to preserve this economic stability and move the economy towards growth.

Additionally, he appreciated the Chinese support to Pakistan on multiple fronts and specifically thanked for the cooperation of Chinese Financial Institutions with Pakistan during the last few months.

Dar expressed gratitude to Ms Pang Chunxue for all the support and cooperation Pakistan has always been receiving from the leadership in Beijing.

On the occasion, Ms Pang Chunxue reciprocated the sentiments about the deep-rooted friendly relations between both countries.

She also appreciated the efforts of the government of Pakistan to bring economic stability to the country despite difficult economic circumstances.

She further assured the Finance Minister that the Chinese government would continue to support Pakistan.

Teenage Art exhibition held in Beijing to highlight refugee issue in Pakistan

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Teenage Art exhibition held in Beijing to highlight refugee issue in Pakistan

BEIJING, Jul 3 (APP): A two-day youth charity art exhibition Empowering with Love: Pakistan was held in Beijing on Saturday, collecting works created by hundreds of children and teenagers aged 4 to 14 years from 25 cities across China.

The exhibition was sponsored by the China Biodiversity Conservation and Green Development Foundation (CBCGDF) and supported by the United Nations High Commissioner for Refugees (UNHCR), China Economic Net (CEN) reported on Monday.

A total of 600 works were exhibited in the children’s art, digital and refugee handicraft exhibition area, reflecting the UNHCR’s initiative to establish a human community awareness of refugees and global green energy among children and young people.

 UNHCR Representative in China, Vanno Noupech, made a video speech for this event, emphasizing “I hope that all young people participating in this exhibition can continue to use their brushes to convey love and strength by arousing the attention of refugees and environmental issues through art.”

It is truly expected that by collecting teenager’s creative artistic works, we can show our new generation’s understanding of Pakistani refugee and environmental issues, revealing their awareness of the United Nations’ sustainable development goals,” noted an officer from CBCGDF.

According to data released by the National Disaster Management Authority (Pakistan) in September 2022, during the rainy season from mid-June to September last year, about 1,559 people were killed, 12,850 were injured, and 1,979,485 houses were destroyed in Pakistan due to monsoon heavy rainfall brought about by climate change, not to mention 973,632 livestock were killed and 12,716 kilometers of roads and 374 bridges were destroyed, which has brought immeasurable huge losses to the local livelihood.

In addition to wars, the global refugee problem caused by natural disasters and climate change will reach a new height in 2022. UNHCR statistics showed that in the past two decades, the continuous wars and conflicts in Afghanistan have forced about 3.5 million people to be displaced, of which 60 percent are underage children and adolescents. Neighboring Pakistan and Iran, which are also developing countries, have accepted 2.2 million of them, accounting for about 90 percent of the total number of Afghan refugees in the world. Even more unfortunately, floods in Pakistan further increased the scale of climate refugees.

The sudden influx of people exacerbated the shortage of natural resources. Villages are often far apart, and limited water points require residents to walk hundreds of meters every day to get water. Facing hot weather, people have no electrical appliances for storing and preserving food and medicine. Nonetheless, over the past four decades, Pakistan has made incredible efforts to resettle and protect Afghan refugees and support the maintenance of regional peace.

How to align the Sustainable Development Goals with the global refugee plight? How can we provide sustainable, clean solutions to refugees while aiding and improving their lives? How to apply green energy and the latest renewable technology to solve the life problems of refugees? The answers to these questions are being interpreted and conveyed through artworks created by these young artists. Through different themes, they strive to use brush to reshape the fate of many people with light and warmth in Pakistan, many of whom are teenagers like them.

Empowering with Love, and Drawing Hope together. As Ma Yong, Deputy Secretary-General of the CBCGDF noted in the opening speech, under the premise that climate change has a huge impact on the fate of all mankind, we should strive to make the public, especially young people, promote positive changes in response to the plight.

Jointly building a community with a shared future for mankind is not only the obligation of China and Pakistan, but also the common pursuit of the whole world.

Pakistan earns US $881m from travel services’ export in 10 months: PBS

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Pakistan - IT services

ISLAMABAD, Jul 3 (APP): The country earned US $881.250 million by providing different travel services in various countries during the first ten months of t he fiscal year 2022-23.

This shows a growth of 90.29 per cent as compared to the US $463.100 million worth same services provided during the corresponding period of the last fiscal year 2021-22, the Pakistan Bureau of Statistics (PBS) reported.

During the period under review, personal travel services increased by 89.80 per cent, from US $460.820 million last year to US $874.640 million during July-April 2023.

Among the personal services, the exports of health-related expenditure surged by 16.23 per cent to US $3.580 million from US $3.080 million while the education-related expenditure also rose by 0.32 per cent from US $ 9.430 million to US $9.460 million.

Meanwhile, the PBS data revealed that the exports of business services grew by 189.91 per cent, from US$ 2.280 million to US$ 6.610 million.

It is pertinent to mention here that the exports of services from the country, witnessed an increase of 1.46 per cent during the first ten months of the current financial year (2022-23) as compared to the corresponding period of last year, it added.

The exports of services during July-April (2022-23) were recorded at US$ 6,009.87 million against the exports of US$ 5,923.19 million during the same period of last year.

The imports of the country witnessed a decline of 39.70 per cent, falling from US$ 10,635.72 million last year to US$ 6,413.32 million during the period under review.

IMF program to boost economic stability and growth: Mian Kashif

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IMF program to boost economic stability and growth: Mian Kashif

ISLAMABAD, Jul 03 (APP): Chief Executive Officer Pakistan Furniture Council Mian Kashif Ashfaq on Monday said if implemented effectively, an International Monetary Fund (IMF) program will serve as a catalyst for economic stability, growth, and long-term development.

Chairing a PFC board of directors meeting, he said an IMF bailout package will offer several benefits to Pakistan and its primary benefit is the provision of immediate financial support to address a country’s balance of payment crisis and economic instability, said a press release.

The package provides a substantial infusion of foreign exchange reserves, which can stabilize the currency and prevent a further decline in its value.

“This stability fosters confidence among investors, both domestic and foreign, and helps fortify economic stability.
By implementing economic reforms, such as fiscal consolidation measures, tax reforms, privatization of state-owned enterprises, and improvements in governance, Pakistan can achieve long-term economic stability and sustainable growth”, he added.

He said an IMF bailout signals the international community’s support for the country’s economic policies and can enhance investor confidence. This confidence attracts foreign direct investment (FDI), as investors view the country as more stable and less risky.

He said increased FDI can spur economic growth, create jobs, and enhance productivity in various sectors, contributing to long-term development.

Mian Kashif Ashfaq said the package will also improve a country’s access to other sources of financing, such as multilateral development banks and international capital markets. By demonstrating a commitment to economic reforms and meeting IMF program targets, Pakistan can enhance its creditworthiness and attract additional funding from other sources.

Pakistan, Japan agree to expand bilateral relations in multiple areas

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ISLAMABAD, Jul 03 (APP): Pakistan and Japan on Monday agreed to further deepen and enhance their mutually beneficial bilateral cooperation in multiple areas including trade, investment, human resource development and exchange, IT, tourism and agriculture sectors.

“We have also jointly agreed to explore the possibility of working together on targeted programs with higher impact in the domains of solarization, desalination and water purification and housing and infrastructure rebuilding in the floods affected areas in Pakistan, Foreign Minister Bilawal Bhutto
Zardari said in a joint press statement along with his Japanese counterpart Yoshimasa Hayashi in Tokyo.

Earlier the two ministers held a meeting in a cordial environment. Both the Ministers appreciated the free bilateral relations while expressing readiness to engage further.

In addition, the two side have agreed to conduct the language skill assessment tests for Japanese language in Pakistan to facilitate movement of the skilled workforce.

FM Bilawal said the two sides also identified import of young Pakistani skilled human resource to Japan and their language training to be a prime area of cooperation. “We also deliberated on investments and joint ventures by Japanese enterprises in Pakistan.”

During his visit, he said he would also interact with private sector, local media as well as think-tanks to further broaden our engagement. I believe that both sides need to stay engaged at all levels to further positive dialogue and continue exploring more avenues of cooperation.

The foreign minister also invited his Japanese counterpart to visit Pakistan at your convenience to further our discussions.

He said Pakistan and Japan were longstanding friends and share a special bond based on deep rooted linkages that go far in history and time.

The people of Pakistan carry a deep sentiment of warmth and affection for Japan and the Japanese people. We have always stood with each other in times of need, he said.

Bilawal Bhutto Zardari said last year, they had seen new energy and vigour in the relationship through continued high-level exchanges. “I also had the honour to meet Minister Hayashi at Phnom Penh, Cambodia on 4 August 2022 on the sidelines of the 29th Ministerial Meeting of ASEAN Regional Forum (ARF). Today we continued our discussions from that meeting,” he added.

Two security personnel martyred, one injured in Balor area

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ISLAMABAD, Jul 03 (APP): Two security personnel including one officer were martyred while one officer was injured in an exchange of fire with terrorists in the Balor area of ​​Balochistan.

According to ISPR, a combat patrol of security forces was initiated in general areas of Balor, after credible intelligence with respect to the move of a group of terrorists in the Hoshab area.

The group was linked with firing incidents on security forces and civilians besides planting improvised explosive devices

While the establishment of blocking positions to cut the escape routes was underway, a party of terrorists tried to ambush the closing-in patrol and opened fire on security forces.

As a result of the heavy exchange of fire, two brave sons of the nation Major Saqib Hussain and Naik Baqir Ali embraced martyrdom while another soldier was injured.

The security forces were determined to work with the nation to thwart such attempts to sabotage the peace, stability and development of Balochistan.

As a result, a follow-up operation was underway in the area to nab those responsible for the attack.