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Business networking session for Pakistani entrepreneurs at Jeddah

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ISLAMABAD, Nov 22 (APP): Commercial Section of the Consulate of Pakistan Jeddah organized a business interactive (B2B) networking session for the business mission visiting Jeddah for participation in Saudi Foodex Fair-Jeddah.

The delegation comprised 10 leading Food Sector companies from Pakistan, who represented the leading manufacturers-cum-exporters of rice, bakery and confectioneries and honey, a message received here Tuesday from Jeddah said.

The consulate had made extensive arrangements for the meetings of the delegates with their Saudi counterparts.

The meetings with Saudi entrepreneurs were organized in order to pursue the drive to enhance bilateral trade and investment between Pakistan and Saudi Arabia through direct private sector engagement.

During the meetings the entrepreneurs from both sides met and learnt about the potential business opportunities. Notable interest was found amongst local business community.

Commercial Counsellor oversaw all the arrangements of the “Business Match Event.” On the sidelines of the B2B session, he highlighted that the opportunities were there but guided by the Consulate of Pakistan, businessmen could find their perfect match.

He underlined that the vast majority in the networking session was introducing brand new potential partners to each other, thereby creating the possibility of new openings.

During the B2B meetings an informal interaction also took place between the Saudi entrepreneurs of the focused products and the Pakistani delegates, the message added.

All available resources being utilized to meet energy needs: Jam Kamal

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Balochistan govt to present growth oriented budget for next fiscal year: Jam Kamal

ISLAMABAD, Nov 22 (APP): Minister of State for Petroleum and Natural Resources Jam Kamal Tuesday said the government was utilizing all available resources to meet ever-increasing energy needs in the country.

Addressing the inaugural ceremony of a two-day 23rd Annual Technical Conference (ATC) here, he said all stakeholders were on-board to accelerate exploration and production (E&P) activities in oil and gas sector.

The conference titled “Oil Price: Domestic Challenges and E&P Strategies,” was jointly organized by Pakistan Association of Petroleum Geoscientists (PAPG) and Society of Petroleum Engineers (SPE).

Around 1,000 local and foreign Exploration and Production E&P companies participated in the conference, where as many as 36 professionals and 24 students gave their presentations on the topic followed by panel discussions.

Jam Kamal said import of Liquefied Natural Gas (LNG) was being enhanced gradually to bridge gap between demand and supply of natural gas.

He said the government was in the process of establishing more LNG terminals in Karachi and Gwadar, besides reinforming gas companies’ transmission network by laying of Karachi-Lahore and Gwadar-Nawab Shah gas pipelines.

The minister was of the view that E&P companies operating in Pakistan were playing a crucial role in stepping up exploration activites to tap existing potential of natural resources.

He said the government was making efforts that fuel produced by the
companies should be environment friendly, adding that the country’s oil
refining capacity was being increased and more refineries were being set up aimed at making the country self-reliant in oil production.

Among others the conference was attended by Chairmen PAPG Abdul Wahid Chughtai, SPE Syed Wamiq Bokhari, ATC Zafarullah and SPE President nominated for 2018 Darcy Spady, heads of leading E&P companies and senior officials of the Ministry of Petroleum and Natural Resources.

Darcy Spady said although Pakistan was a smaller player in oil and gas sector but it had the resources of bigger players, which needed to be exploited through modern techniques.

He said the E&P companies’ increased interaction with community in oil and gas producing areas, friendly environment, transparency in international capitals and fulfilling corporate social responsiblity were the basic elements to gear up exploration activities.

Nigerian, Egyptian ministers call on Khawaja Asif

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Assets beyond means case: Khawaja Asif exempted from personal appearance till filing of reference

ISLAMABAD, Nov 22 (APP): Nigerian Defence Minister Mansur Muhammad Dan Ali and Egyptian Minister for Military Production Gen (Retd.) Muhammad Saeed Al-Assar Tuesday held separate meetings with Minister for Defence Khawaja Muhammad Asif at the Expo Centre Karachi, the venue of 9th international defence exhibition ‘IDEAS-2016.’

During a meeting with the Nigerian Defence Minister, who called on
him along with other military officials, Khawaja Asif said Pakistan
considered Nigeria a close, friendly and important country in the region, a press release issued here said.

He conveyed Pakistan’s desire to enhance relations in all fields of
bilateral interest, adding that it wanted to establish meaningful defence ties with Nigeria.

Khawaja Asif underlined the need “to fully activate the existing bilateral MoU signed in military and defence field to achieve the goal of meaningful cooperation.”

The both sides emphasized on the need to exchange military delegations between the two countries.

Khawaja Asif appreciated the participation of Nigerian Navy in AMAN exercises and offered training support for Nigerian navy in Pakistan.

He thanked the Nigerian counterpart for participating in the IDEAS 2016.

Meanwhile, Egyptian Minister for Military Production Gen (Retd) Muhammad Saeed Al-Assar Minister for Military Production Arab Republic of Egypt called on Minister for Defence Khawaja Muhammad Asif at the Expo Center.

Terming Egypt important Muslim country in the region, Khawaja Asif stressed for further expanding existing bilateral ties in diverse fields.

He highlighted importance of frequent exchange of military delegations between the two countries, saying that it would help explore new avenues of mutual cooperation and collaboration.

He offered training for Egyptian armed forces personnel at various training institutions of Armed Forces of Pakistan.

Both the sides expressed the desire to exchange technical delegations
in order to explore the areas of joint production.

Khawaja Asif thanked the Egyptian delegates for their participation
in the IDEAS 2016.

Naval Chief Admiral Zakaullah meets delegations during IDEAS 2016

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Quality education indispensable for development of society: Naval chief

KARACHI, Nov 22 (APP): Delegations from various countries called on Chief of the Naval Staff Admiral Muhammad Zakaullah during the first day of 9th International Defence Exhibition and Seminars (IDEAS) at Expo centre Karachi on Tuesday.

A PN statement said that during the proceedings of the first day, various dignitaries from China, France, Jordan, Nigeria, Qatar, Thailand and Turkey called on Chief of the Naval Staff Admiral Muhammad Zakaullah.

During the meetings matters of defence cooperation, training collaboration and maritime affairs were discussed.

Prominent amongst the visiting dignitaries were Chinese Deputy Chief of Armament Department, Rear Admiral WeiI Gang, Commander of French Forces in Indian Ocean, Rear Admiral Didier Piaton, Commander Royal Jordanian Naval Forces, Brigadier General Ibrahim Salman Al Naimat, Nigeria’s Minister of Defence, Dan Ali Mansur Mohammed, Commander Qatari Emiri Naval Forces, Major General Mohammed Nasser Mubarak, Commander in Chief Thai Fleet, Admiral Sucheep Whoungmaitree and Commander Turkish Fleet, Admiral Veysel Kosele.

Chief of the Naval Staff assured the delegations that Pakistan is committed to enhance mutual collaboration in all the realms of maritime commons including joint development of platforms, equipment and sensors and exchange of quality training on reciprocal basis to the officers and men of the respective countries.

The visiting dignitaries highly appreciated PN’s role and focused commitment to maintain peace and security in the regional maritime domain.

PTI boycotted Parliament on national issues: Daniyal

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ISLAMABAD, Nov 22 (APP): Pakistan Muslim League Nawaz (PML-N) Member National Assembly Daniyal Aziz Tuesday said Pakistan Tehreek-i-Insaf (PTI) had boycotted the Parliament sessions on national issues, including Kashmir.

PTI had boycotted the Parliament’s joint session on Kashmir issue, during sit-in at D-Chowk and Turkish President Tayyip Erdogan address to the Parliament, he said speaking in a TV programme.

He said PTI leadership had delayed the Chinese President visit to Pakistan through its negative politics, adding PTI should play a positive role in country’s politics.

Daniyal Aziz alleged PTI chief Imran Khan and other leadership were habitual of using derogatory language in the presence of respectable women as well.

He said Imran Khan had not appeared in the case of foreign funding before the courts.

Two civilians martyred, 4 injured in Indian firing on LoC

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MIRPUR (AJK), Nov 22 (APP): Two civilians were martyred and four injured in unprovoked Indian firing at Line of Control (LoC) in Samani sector of Bhimbher district of Azad Jammu and Kashmir on Tuesday.

According to Incharge Police Station Samani, the victims martyred belonged to Barho village, situated about 15 km from tehsil headquarter of Samani.

He told told APP on telephone that the martyred were identified as Attique, son of Manzoor Hussain and Tafoor, son of Muhammad Shabir while the injured included Sabahat (10) and Sabiha Arshad (13), daughters of Muhammad Arshad, Adnan Shabir, son of Muhammad Shabir, and Saad Muhammad, son of Faiz Muhammad.

The martyred were laid to rest in their ancestral graveyard.

Their funeral prayer was attended by a large number of people.

SECP clarifies regarding preparation of financial statements

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ISLAMABAD, Nov 22 (APP): The Securities and Exchange Commission of Pakistan (SECP), vide its Circular No 36 of 2016, has issued clarification regarding preparation of financial statements by the companies, subsequent to the promulgation of the new Companies Ordinance, 2016.

The new ordinance was promulgated on November 11, 2016, which sets out new requirements with regard to the preparation of financial statements by the companies, a statement issued by the SECP here on Tuesday said.

The SECP has realized that the companies shall find it difficult to comply with the requirements of preparing the financial statements as under the new law, in such a short span of time.

Owing to the practical difficulty being faced by companies, the SECP has decided that all the companies whose financial year closes before December 31, 2016, shall prepare their financial statements in accordance with the provisions of the repealed Companies Ordinance, 1984.

The new requirements shall be applicable to the companies having their financial year closure on or after December 31, 2016. Circular No. 36 has been placed on the SECP’s website.
It is available at https://www.secp.gov.pk/laws/circulars/.

JETRO President extols Pakistan’s economic progress

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ISLAMABAD, Nov 22 (APP): President Japan External Trade Organization (JETRO) Yasushi Akahoshi has written a latter to Senator Mohammad Ishaq Dar, Minister for Finance in which he has acknowledged that the economic progress made by Pakistan provides confidence to Japanese companies for increased business collaboration.

Akahoshi appreciated the finance minister and the government
for pursuing economic policies which were geared towards “ensuring stable and strong economic prosperity” in Pakistan and expressed that JETRO is “fully committing all possible efforts toward deepening” the bilateral economic relationship, a statement issued by the Ministry of Finance here on Tuesday said.

President JETRO in his correspondence has further thanked the Finance
Minister for meeting the JETRO delegation which accorded a opportunity to discuss areas for more active economic cooperation between Pakistan and Japan.

Country Director JETRO, Osamu Hisaki while delivering the letter from
President JETRO said that JETRO was thankful to the finance minister, Board of Investment and Federal Board of Revenue for facilitating Japanese companies in doing business in Pakistan.

He said various issues faced by Japanese companies in Pakistan were getting rectified due to “swift responses by the authorities” and strong pro investment policy of the government, which has created confidence for other Japanese companies to invest in Pakistan.

Country Director JETRO informed that a business exhibition by Japanese  companies will soon be held in Karachi under the auspices of JETRO to promote future investment in Pakistan.

Govt finalises plan to hold populaion census before Mar. 2017: Qadir Baloch

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Provincial gov'ts responsible for maintaining law, order: Baloch

ISLAMABAD, Nov 22 (APP): The government has finalised a plan to carry out the census before March 2017 at present, the troops were involved in extensive engagements and census was not possible without the support of military.

Federal Minister for State and Frontier Regions Lt. General (Retd) Abdul Qadir Baloch assured the House while speaking on a resolution moved by Sheikh Salahuddin in the National Assembly regarding holding of census in the country.

The Minister said that the last census was also conducted by the Pakistan Muslim League-Nawaz (PML-N) and this time too it would hold.

A number of legislators on Tuesday said that the national census was important issue and urged the government to announce date for holding population census adopting a resolution in the National Assembly.

Sheikh Salahuddin mover of the resolution taking part in the debate said that the holding of national census was the need of the hour and it should be hel at the earliest.

He said that delimitation and fair distribution of funds among the federating units were based on the population count.

Naeema Kishwar, Ejaz Jakhrani, Phyllis Azeem, Muzammil Quershi and Shazia Marri said that the issue related to census should be discussed in the Parliament.

They said that after the census, all political forces should formulate a joint strategy to control the increasing population, which was one of the biggest challenge for the country.

They said that the government should conduct census as per previous practice, if the army was not available due to its engagements at borders and tackle terrorism.

All national issues should be resolved in Parliament: Tariq

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ISLAMABAD, Nov 22 (APP): Minister of State for Capital Administration and Development Division (CADD), Dr Tariq Fazal Chaudhary Tuesday said all national issues should be resolved in the Parliament.

Speaking in PTV programme, he said Pakistan Tehreek-i-Insaf (PTI) had given a negative impression to Turkey by boycotting the joint session of the Parliament in which a famous leader of Muslim Ummah and Turkish President Tayyip Erdogan addressed.

He said the government wanted to resolve all national issues in the Parliamentary.

He urged PTI to shun the politics of agitation and chaos and should concentrate on the development and welfare of the masses and the country.

Tariq Fazal said people were the best judge and they would caste their
votes in favour of those political parties in general elections 2018 which worked for their properity and the progress and uplift of the country.

Replying to a question, he said Prime Minister Muhammad Nawaz Sharif had already presented himself and his family for the accountability on
Panama papers.