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IDEAS-2016 to promote defence products: Rana Tanveer

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KARACHI, Nov 22 (APP): Federal Minister for Defence Production Rana Tanveer Hussain Tuesday said the IDEAS-2016 exhibition would provide a great opportunity to Pakistan, especially the Ministry of Defence Production, for promotion of products.

Speaking at the inaugural ceremony of 9th International Defence Exhibition and Seminar IDEAS-2016, he appreciated the efforts of
Defence Exports Promotion Organisation (DEPO) for marketing of Pakistan’s defence products.

He said Pakistan would further coordinate with foreign defence production companies.

He said the Ministry of Defence Production, under the leadership of Prime Minister Muhammad Nawaz Sharif, was fast expanding its scope of production.

Earlier, Director General of Defence Exports Promotion Organisation (DEPO) Major General Agha Masood Akhtar said the IDEAS exhibition was a source of inspiration for Pakistan’s armed forces. It had achieved the status of one of the major festivals in the country; providing many opportunities of mutual benefit to the participating countries.

He expressed his satisfaction that the halls at the expo centre here were full to their capacity. This year, two more halls—hall No.7 and hall No.8- were constructed to meet the increased demand for the space by the exhibitors.

The cultural shows and the sideline conferences were also the main feature of IDEAS-2016 exhibition, he said.

He thanked the federal ministries of Defence Production and Commerce, three armed forces and other stakeholders for organizing this very important event of IDEAS-2016 and making it successful.

Ahsan Iqbal urges int’l community to help resolve Kashmir dispute

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ISLAMABAD, Nov 22 (APP): Minister for Planning and Development, Ahsan Iqbal has urged the international community including the United Kingdom to play their constructive role in ending human rights violations in Indian Occupied Kashmir (IOK) and resolving the dispute.

He emphasized that the insensitivity of international community towards the sufferings of the oppressed people of Kashmir can feed to the narrative of extremists.

The minister for Planning and Development was speaking at a lunch hosted by Pakistan’s High Commissioner to UK, Syed Ibne Abbas in honour of cross party British parliamentarians at the British Parliament, according to a message received here from London on Tuesday.

The lunch, organized to apprise the British parliamentarians on economic turn around of Pakistan, China Pakistan Economic Corridor (CPEC) and the regional situation including Kashmir, was also attended by Minister of State Dr. Miftah Ismail.

Ahsan Iqbal raised with the parliamentarians the issue of the worst human rights violations by the Indian security forces in IOK.

Speaking on India-Pakistan relations, the minister highlighted the escalation in tension between India and Pakistan due to unprovoked violations of Line of Control and the Working Boundary by India.

He said Pakistan has so far shown maximum restraint but it should not be taken as its weakness.

Ahsan Iqbal briefed British parliamentarians on the government’s reforms agenda.

He elaborated Four E’s—Economy, Energy, Extremism and Education, the priority areas of the government—and updated them on the significant progress made by the government in these four key areas.

The minister also updated the parliamentarians on CPEC, and highlighted its importance in economic integration of the region and socio economic uplift of the people not only in Pakistan but in the entire region.

The minister informed Lords and MPs about the four pillars of CPEC which includes: a) Regional Economic integration, b) Development of Gwadar Port, c) Connectivity with China, and d) Development of economic zones.

The minister shared his views on how UK can benefit from CPEC initiative.

Ahsan Iqbal explained in detail the achievement made by Pakistan in its fight against extremism and terrorism.

He said security situation in the country has significantly improved, particularly in Karachi, where business and commercial activities are picking up again and crime rate has significantly come down.

Responding to a question of an MP, the minister explained that federal government was working closely with all the provinces on various infrastructure projects including the CPEC.

The parliamentarians appreciated government of Pakistan’s efforts for economic turnaround and its improved revenue collection. They also spoke positively about improved security situation in the country.

The Lords and MPs were of the view that Pakistan UK trade and economic relations can further expand in the wake of Brexit as the UK would be looking for new trade partners.

The parliamentarians who attended the lunch included Mr Khalid Mahmood MP, Lord Nazir Ahmed, Lord Qurban Hussain, Mr Rehman Chisti MP, Ms Yasmeen Qureshi MP, Shadow Minister for Justice, Ms Naz Shah MP, Nusrat Ghani MP, Ms Julie Cooper MP, Ms Liz McInnes MP, Shadow Minister for Foreign and Commonwealth Office, Mr Graham Jones MP, Mr Andrew Stephenson MP, Parliamentary Private Secretary to the Foreign Secretary, Mr. John Spellar MP, Mr Gavin Shuker MP, Mr Mark Pritchard MP.

Pak-Jordan foreign ministries hold bilateral political consultations

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ISLAMABAD, Nov 22 (APP): The Inaugural session of Pakistan-Jordan Bilateral Political Consultations was held on Tuesday in which the entire spectrum of bilateral relations, including political, economic, defence and cultural cooperation were discussed.

Additional Secretary (Middle East & Africa) Tasawar Khan led the Pakistan delegation while the Jordanian side was headed by Ambassador Nayaf El-Zidan, Secretary General of the Ministry of Foreign Affairs and Expatriates of the Hashemite Kingdom of Jordan.

Both sides expressed satisfaction at the positive trajectory in the bilateral relations and stressed the need to enhance interaction at the leadership level, a press release issued here said.

Close cooperation between Pakistan and Jordan at various multilateral fora, including the UN and the OIC, was also noted with satisfaction.

Acknowledging the deepening economic ties, bilateral trade, agriculture, promotion of investment and regular exchange of visits by business delegations were identified as potential areas to enhance bilateral cooperation further.

It was also agreed to hold the 10th meeting of the Pakistan-Jordan Joint Ministerial Commission in the second quarter of 2017, and the inaugural session of Pakistan-Jordan Business Council at a mutually convenient date.

During the consultations, views were also exchanged on a wide range of regional and global issues.

The Additional Secretary gave an overview of achievements of Pakistan in improving security situation in the country and the measures taken for the implementation of the National Action Plan.

The Jordanian side appreciated Pakistan’s successes in Operation Zarb-e-Azb to root out the menace of terrorism.

The Additional Secretary also apprised the delegation about important regional developments, including the current situation in the Indian Occupied Jammu and Kashmir in the wake of massive human rights violations being committed by the Indian security forces, as well as the situation in Afghanistan.

Secretary General Nayaf-El-Zidan acknowledged Pakistan’s role and efforts in promoting regional peace.

He also gave a detailed review of the ongoing turmoil in the Middle East especially with reference to the situation in Syria, Iraq and Palestine.

He reiterated that Jordan would continue to play its role towards complete restoration of peace in the conflict ridden areas of the region.

Both sides acknowledged their similarity of views and approaches on various issues of concern and interest in their respective region.

Successful conclusion of the inaugural round of Consultations between Pakistan and Jordan would pave the way for strengthening the fraternal ties in a robust manner.

PNCA organizes special music program ‘Baitak’

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ISLAMABAD, Nov 22 (APP): Pakistan National Council of the Arts (PNCA) on Tuesday evening organized special program “Baitak” in collaboration with Cyyad and Dastan at its Auditoreum.
Renowned Qawal Hamza Ikram, Khawand Bakhsh, Sehroz Nawaz and Amed Gul Pastho folk singer performed on the occasion and got big applause from the audience.
Speaking on the occasion, Director General PNCA renowned artist and actor Jamal Shah said PNCA would organize more such events to entertain the sufi music lovers.
He said the council is planning to start music training courses for the new talent, adding that interested youth will be given opportunity to learn music and other forms of art free of cost at PNCA.
He appreciated the performance of Hamza Ikram, Khawand Bakhsh and Ahmed Gul.
Jamal Shah said PNCA would like to arrange more such functions in collaborations with other cultural organizations of the country.
A large number of people from twin cities of Islamabad and Rawalpindi also participated in the ‘Baitak’.

PM takes round of stalls at IDEAS-2016

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APP35-22 KARACHI: November 22 - Prime Minister Muhammad Nawaz Sharif inaugurating the 9th International Defense Exhibition (IDEAS-2016) by pressing the button. APP Photo by Abbas Mehdi

KARACHI, Nov 22 (APP) : Prime Minister Muhammad Nawaz Sharif, after inaugurating the 9th International Defence Exhibition and Seminar IDEAS-2016 at Karachi Expo Centre on Tuesday morning, took detailed round of eight expo halls where 480 companies, including local ones, showcased their defence products.

Fiftyfive countries, including China, Turkey, Ukraine and the United States, are participating in the event.

The Prime Minister was accompanied by Sindh Chief Minister Syed Murad Ali Shah, Federal Minister for Defence Production Rana Tanveer Hussain, Federal Minister for Defence Khwaja Muhammad Asif, Chief of the Army Staff General Raheel Shareef, Chief of the Naval Staff Admiral Zakaullah and Chief of the Air Staff Air Chief Marshal Sohail Aman.

Besides diplomates from various countries, a large number of foreign exhibitors/delegates, representatives of local companies engaged in defence production and officials of three armed forces were also present.

The Prime Minister appreciated active participation by such a large number of foreign companies in the IDEAS exhibition. He was briefed about the new editions of defence production—local and foreign. He had interaction with many exhibitors, especially the foreign ones.

At the stall of Ukraine Defence Ministry, he was welcomed by Ukraine Defence Minister and Army Chief General Stepan Poltorak along with with Ukraine’s Ambassador to Pakistan Voldymyr Lakomov, Ukraine’s Consul General in Karachi Engr M A Jabbar and Second Secretary at Embassy of Ukraine Taras Mykytenko.

Before leaving the venue, the Prime Minister also witnessed the ceremony wherein memoranda of understanding were signed among different companies.

The Ukrainian Minister for Defence Production while talking to the state-run media after the Prime Minister’s visit, said his ministry was actively participating in the IDEAS-2016 exhibition.

The defence ministries of Pakistan and Ukraine had already forged deep cooperation and his visit to the IDEAS would further strengthen it, he added.

He expected sigining of memoranda of understanding (MoUs) between the two countries, which would be beneficial for them.

He said Ukraine’s Ministry of Defence Industry was participating and had displayed its various defence innovations. The IDEAS-2016 exhibition would bring wonderful results, he said.

“ This is my first visit to Pakistan,” he said.

Ex-cricketers, EX-PCB Chairman demand ban on Kohli

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ISLAMABAD, Nov 22 (APP): Former Pakistani cricketers and former Pakistan Cricket Board (PCB) Chairman on Tuesday demanded the International Cricket Council (ICC) to ban Indian skipper Virat Kohli for ball-tampering.

In a video published by a South African newspaper group IOL, Kohli is seen shining the ball during India’s first Test against England at Rajkot in a similar manner to which that had prompted the world cricket governing body to take action against South African skipper Faf du Plessis.

Former leg-spinner Abdul Qadir said Kohli should be banned for ball-tampering. “He should also be finned,” he said while talking to a private news channel.

Qadir said if the ICC doesn’t take any action against him (Kohli), then all the member boards should urge it to take action against him. The ICC should ensure that rules are same for everybody.

He asked the members boards to send letters or email to the ICC to look into the matter. “When it comes to ban a Pakistani player on bowling action or else then the ICC steps in promptly and puts a ban. But in case of an Indian player it backs out.”

Former cricketer and chief selector Haroon Rasheed noted with concern that South African skipper Faf du Plessis was reported by the umpires, but in Kohli’s case they kept mum.

“According to the ICC rules action against a player is only taken if he is reported by the referee or field umpire,” he said.

Former PCB Chairman Khalid Mahmood stated that whenever any Indian player is found involved in some misdoings, the ICC behaves differently.

“We don’t see application of same rule for India. The ICC always treats India differently. Such an attitude is harmful for the game of cricket,” he said.

He said only the Indian skipper but the match referee and field umpire should also be banned as why such an incident went unnoticed.

Chief of Naval Staff golf championship

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LAHORE, Nov 22 (APP): The 6th Chief of Naval Staff Amateur Golf Championship will be held here from November 25 at the Royal Palm Golf Course.

The top golf players from all over Pakistan will participate in the
three-day competition.

Ishaq Dar directs implementation of Ease of Doing Business Reform Strategy 2016

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ISLAMABAD, Nov 22 (APP): Finance Minister Senator Mohammad Ishaq Dar has stressed on the need for ensuring coordination between all stakeholders for implementation of Ease of Doing Business Reform Strategy 2016.

In this regard, he has directed Ministry of Finance to work in close
collaboration with other concerned federal and provincial government agencies including Board of Investment, Federal Board of Revenue and Securities and Exchange Commission of Pakistan in making every effort to facilitate the foreign as well as domestic investors and businessmen.

He said Pakistan is increasingly being identified globally as a business and investor friendly country, a statement of the Ministry of Finance issued here on Tuesday said.

The finance minister said it was gratifying that World Bank in its recently published Doing Business 2017 report has acknowledge Pakistan’s progress towards the ease of doing business for small and medium-sized enterprises.

As a result of government’s measures, Pakistan has moved up 4 notches in the rankings compared to last year and is among this year’s top 10 global improvers.

The finance minister emphasized that the government was fully focused
on improving growth and productivity in all sectors of the economy be it agriculture, industry or services sectors.

He stated that for improving business climate, the government has put
into implementation a countrywide ease of doing business reform strategy with time bound measures to strengthen the business climate and foster private investments.

The finance minister directed that specific actions that are required
to be taken for the purpose must be identified along with time lines.

The finance minister observed that implementation of these time-bound
reforms would significantly improve the country’s business environment and act as a catalyst for increasing both domestic and foreign investment.

FSB agrees to undertake assessment of progress in transforming shadow banking into resilient market-based finance by July 2017

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Pakistan receives $1 billion against Euro bonds

ISLAMABAD, Nov 22 (APP):The Financial Stability Board (FSB) has agreed to undertake, by July 2017, an assessment of progress in transforming shadow banking into resilient market-based finance.

“This will include an assessment of the evolution of shadow banking
activities since the global financial crisis and related financial stability risks, and adequacy of the policies and monitoring put in place by FSB members. The Plenary discussed the preliminary high-level findings from this year’s annual monitoring exercise of the global trends and risks in
the shadow banking system. The results will be published around end-2016 in the Global Shadow Banking Monitoring Report” a statement of the State Bank of Pakistan (BSP) issued here on Tuesday said.

According to the statement, Governor SBP Ashraf Mahmood Wathra attended FSB meeting held in London recently.

The Financial Stability Board (FSB) met in London last week with Mark
Carney, Governor of the Bank of England, in Chair to discuss current vulnerabilities, ongoing policy work and its work plan for 2017.

Governor SBP Mr. Ashraf Mehmood Wathra represented FSB-Regional Consultative Group (RCG) of Asia as one of the Co-Chairs.

Formed in 2011, the RCG Asia includes central banks and financial
authorities of 16 jurisdictions. Governor SBP (along with Chief Executive Norman Chan of Hong Kong Monetary Authority) has been the co-chair of the FSB-RCG for Asia effective from July 1, 2015.

The meeting noted that financial system has continued to function well, despite bouts of uncertainty and risk aversion.

Further, the global financial system is more resilient as a result of
the regulatory reforms introduced following the 2008 financial crisis.

The FSB emphasized the importance of completing the implementation of  the agreed reform programme, including Basel III.

The FSB, in consultation with the Basel Committee on Banking Supervision (BCBS), the International Association of Insurance Supervisors (IAIS) and national authorities, approved the 2016 lists of identified global systemically important banks (G-SIBs) and insurers (G-SIIs), which was released on Monday, November 21, 2016.

The Plenary discussed the implementation to date of the Total Loss-Absorbing Capacity (TLAC) standard for banks, and reviewed progress of the work plan enhancing resilience, recovery planning and resolvability of central counterparties (CCPs). It also discussed the responses received to its public consultation on proposed policy recommendations to address structural vulnerabilities from asset management activities, published in June.

The FSB will publish the final recommendations by end-2016.

On correspondent banking (CB), members discussed the draft progress report on the implementation of the FSB’s four-point action plan to assess and address the reasons for decline in CB services.

The report, which will be released by end-2016, will set out next steps for 2017 to maintain momentum in tackling this important issue.

The FSB members reviewed updates from the various workstreams to address misconduct in the financial sector.

The Chair of Task Force on Climate-related Financial Disclosures (TCFD), Michael Bloomberg and his Special Advisor, Mary Schapiro presented an update to the Plenary on the industry-led TCFD’s work.

The presentation included a summary of the recommended voluntary
disclosures and guidance developed by the TCFD, which will be released for public consultation in December 2016.

The final report will be published by June 2017.

The FSB members, then, discussed the workplan for reporting on the
implementation and effects of G20/ FSB reforms.

The FSB members also talked about arrangements for undertaking a
comprehensive review of the implementation and effects of over-the-counter (OTC) derivatives reforms as part of this work.

They also discussed an interim report by the Committee on the Global
Financial System (CGFS) and its study on repo market liquidity and the impact of possible drivers.

The main findings from both studies will be incorporated in the third
annual report to the G20.

The FSB agreed to undertake, by July 2017, an assessment of progress  in transforming shadow banking into resilient market-based finance.

This will include an assessment of the evolution of shadow banking
activities since the global financial crisis and related financial stability risks, and adequacy of the policies and monitoring put in place by FSB members.

The Plenary meeting discussed the preliminary high-level findings from
this year’s annual monitoring exercise of the global trends and risks in the shadow banking system.

The results will be published around end-2016 in the Global Shadow Banking Monitoring Report.

Members also reviewed progress on the FSB FinTech workplan, including recent stocktakes in conjunction with other international bodies on various topics.

The FSB noted the potential of FinTech to enhance resilience, and also
the need for remaining vigilant to associated risks including Cyber security; The FSB also agreed on a workplan to identify the supervisory and regulatory issues from the financial stability perspective.

Pakistani battleship opens its doors to Anadolu Agency

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Reception held at Pak maritime security ships

ISLAMABAD, Nov 22 (APP): A Pakistani battleship opened its doors to Anadolu Agency Tuesday, with its senior officer expressing his pride at taking part in military exercises in Turkey.

For the exercises, Pakistan’s PNS Alamgir is anchored at Turkey’s naval base in the southwestern province of Mugla, with access to the Mediterranean.

Pakistani Coast Guard Adm. Waseem Akram told Anadolu Agency that they were extremely proud to take part in the Blue Whale – 2016 Invitation Exercises, which conclude on Novemebr 28, according to a report published by Turkish news agency Anadolu on its website.

Hosted by the Turkish Naval Forces, the nine-day exercises involve NATO, U.S., Bulgarian, Pakistani, and Romanian naval forces training in the eastern Mediterranean.

The aim of the exercises is supporting the operations of the joint forces and their mission readiness, coordinated anti-submarine warfare, and submarine and naval air operation training.

“We always see Turkey as our second home. Turkey is very important for the Pakistani people. I graduated from the Turkish Staff Academy. That’s why I love Turkey,” said Akram.

Akram also stressed the importance of Turkish President Recep Tayyip Erdogan’s visit to Pakistan last week for strengthening bilateral ties.

“I hope our close friendship will continue for many years. We always want Turkey be strong. Because if our friend is strong, we feel strong too,” said the admiral.

Cmdr. Imtiaz Ali, the Alamgir’s captain, also said that Pakistani participation in the exercise will boost bilateral relations.

“Turkish and Pakistani sailors are in constant contact with each other and enjoy close relations,” he said.

He added that the Pakistani and Turkish naval forces support each other in such areas as military exercises, training, consultancy, and ship-building.

Ali also thanked the Turkish people and officials for their warm hospitality.

Lt. Cmdr. Zia ur Rehman, the Alamgir’s C.O., praised Turkey, saying his “best years” were in Istanbul in 1997-2002, during his training at the Turkish Naval Academy.

“I have beautiful memories here. I still get together with my classmates,” Rehman said.

Launched in the U.S. state of Florida in 2010, the PNS Alamgir frigate, which is a part of Pakistan’s destroyer fleet, is visiting Turkey for the third time.