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Gwadar economic zone offers unique opportunities for Chinese investors: Secretary

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Gwadar economic
ISLAMABAD, Jun 7 (APP): Secretary for Maritime Affairs, Zafar Ali Shah on Friday said the Gwadar free economic zone has immense investment potential and offering unique opportunities for Chinese investors.
In a statement, he highlighted Gwadar’s potential as a leading transshipment hub, enhanced maritime infrastructure, and incentives for businesses.
He said due to Gwadar’s strategic location, modern port facilities, and supportive regulatory environment make it an ideal investment destination.
Zafar Ali further discussed the incentives for investors including streamlined customs procedures, and robust legal protections.
He added that due to diverse sectors such as manufacturing, logistics, and technology there exist huge industrial growth opportunities for the potential investors.
It is welcoming that great interest was showed by the Chinese companies in Gwadar and investment in Pakistan, he concluded.

Navigating skies: new horizons for Pakistan-China cooperation

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pak china
BEIJING, Jun 7 (APP): “The year 2024 marks the start of a soaring UAV (unmanned aerial vehicle) industry, heralding new frontiers for Pakistan-China cooperation, ” Sun Yang, Vice President of Shenzhen UAV Industry Association said at the Pakistan China Business Forum held in Shenzhen.
In response to agricultural disruptions caused by climate change, Pakistan and China are bolstering cooperation in applying UAVs to mitigate impacts on agricultural sector.
Ghulam Qadir, Commercial Counsellor of the Pakistani Embassy in China, has revealed a plan to invite 50 to 60 Chinese technology companies including those in the UAV and AI sectors, to visit Pakistan next month, .
According to Dong, CEO of Baina Zhihang, a UAV startup in Shenzhen, South Asia and South America are the most promising markets for low-altitude economic development and cooperation.
“The vast rice paddies in South Asian countries provide boundless opportunities for UAV usage, from weed control to fertilizer and pesticide distribution,” he said, adding that close people-to-people connections and exchanges also facilitate communication and technical training.
“As an emerging industry, drone-related laws and regulations are often similar among various Asian countries, laying the foundation for international cooperation,” Dong told China Economic Net (CEN).
In China, the “low-altitude economy” represented by UAVs has been termed as a strategic emerging industry and a new growth engine. “Low-altitude” refers to an airspace range below 1000 meters vertically, extending as needed to not more than 3000 meters.
Last year, China’s civilian drone industry registered a year-on-year increase of 32%. It is forecast the market size of China’s low-altitude economy is expected to reach RMB 1.5 trillion by 2025 and RMB 3.5 trillion by 2035.
In Shenzhen, a special economic zone in southern China, consumption-level UAVs take up 70% of the global market, and the figure for industry-level usage is around 50%. Last year, over 400,000 trips were concluded successfully here by the UAV fleet of Meituan alone, which is China’s top retail technology company.
“Efforts are being made within the industry to make safe, stable UAVs with passengers on board,” Sun Yang said. By then, commuting by air would become a reality.
Sun Yang pointed out that, to fully leverage this cutting-edge technology, Pakistan requires the establishment of physical infrastructure, communication and sensing networks, digital operations, as well as regulatory and service mechanism.
“Besides farmlands, more application scenarios can be explored, such as package delivery, mid-air sightseeing, first aid, urban patrol, ” he said.

FPCCI proposes to establish real estate regulatory authority

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FPCCI
KARACHI, Jun 07 (APP):Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Friday, proposed to establish a real estate regulatory authority (RERA) in Pakistan like other regional countries.
President FPCCI, Atif Ikram Sheikh, in a statement issued here, stressed that no sector could perform at its optimum and contribute to the national economy in absence of a regulatory authority, so initiatives in the regard should be taken in consultation with the relevant stakeholders.
Sheikh highlighted that the Sindh government collects infrastructure cess on import stage at 1.25 percent; which translates into Rs225 billion per year. If the cess spent on the infrastructural development and maintenance the real estate of Karachi will be in a much better shape and its market will also pick up, he added.
Senior Vice President FPCCI, Saquib Fayyaz Magoon, maintained that real estate can help bring more foreign exchange to the country in the form of remittances. The sector should make it as their top agenda to attract investment from the overseas Pakistanis as it will also help the economy through stabilizing rupee-dollar parity and shore up the foreign exchange reserves (FER), he added.
For the sake of policy advocacy in the national interest, any sector that can contribute to inward remittances should be facilitated and encouraged, he argued adding that the government should enable and welcome overseas Pakistanis to invest back in their home country instead of investing in the real estate of other countries.
Convener of FPCCI’s Central Standing Committee on Real Estate Property and Builders, Syed Saquib Shah, stressed on digitization of registration system in order to bring transparency, fairness and validity in the documentation of the properties.
Karachi should also get e-stamp system at the earliest like Punjab he added and emphasized that taxes should be imposed on the property owners instead of the real estate agents who provide services to buyers and sellers.

Punjab CM orders engaging renowned international companies to complete RUDA projects

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CM maryam
LAHORE, Jun 07 (APP): Punjab Chief Minister Maryam Nawaz Sharif directed to ensure the implementation on the RUDA master plan along with halting the illegal sale and purchase of land in the scheme.
It has been decided to collaborate with China and other international companies for the completion of RUDA projects. Chief Minister Punjab Maryam Nawaz Sharif and President PML-N Muhammad Nawaz Sharif presided over a special meeting in which it has been principally decided to enhance the forest area in RUDA from 20 percent to 35 percent.
It has been agreed on the proposal to build an international level airport in the RUDA twin city project, cleaning of River Ravi in RUDA and river expansion to more than one thousand meters.
The Chief Minister directed to ensure implementation on the rules regarding prohibition of construction in the RUDA forest area. The proposal to establish a special police force to check encroachments on the land was reviewed.
CEO Imran Amin while giving a comprehensive briefing with regard to Ravi Urban Development Authority informed that 117 billion gallons of water would be conserved in three lakes. The groundwater of Lahore will be charged at 500 cubic feet per second due to development of lakes in the RUDA new city.
Five lakh and 86 thousand cusec feet water will be conserved through a barrage. Eight waste water treatment plants will be set up for the cleaning of water from the sewerage water drain coming into the Ravi. The village coming into the RUDA project will be made a ‘Model Village’.
Muhammad Nawaz Sharif said, “We had made a plan to establish a new city on the bank of the Ravi in 2013. Others coming to power created obstacles in this project. A strict action should be undertaken against those creating obstacles in the future project of Lahore.” CM Maryam Nawaz Sharif said, “RUDA should ensure environmental protection in all its projects.”
Senior Provincial Minister Marriyum Aurangzeb, Special Assistant Rashid Nasrullah, Chief Secretary Zahid Akhtar Zaman, CEO RUDA Imran Amin and other relevant officers attended the meeting.

2 men kidnapped for ransom recovered, 7 accused held

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SARGODHA, Jun 07 (APP):The Saddar police have recovered two kidnapped men from seven alleged kidnappers, who had demanded Rs10 million ransom for their release, here from Chak No. 99-NB, on Friday.
A senior police officer told a press conference that Muhammad Muzamil, a resident of Chak No. 99, had informed the police on emergency call service 15 that some unidentified armed persons, riding two vehicles, had kidnapped his brother Akhtar and his cousin Saifullah. He said the kidnappers had demanded Rs10 million ransom money from the family.
The SHO concerned formed a special team, which recovered the kidnapped persons with the help of technology, and also arrested seven kidnappers along with their vehicles.
The police said that according to initial investigation, the kidnappers belonged to Rawlakot, Azad Kashmir and Sargodha whereas a kidnapping case against the arrested accuse had been registered under Section 365-A.
Regional police officer Sargodha Sharukh Kamal Siddiqui and DPO Sargodha Dr Asad Ejaz Malhi appreciated the police effort.

Collective efforts with Agha Khan Foundation to promote welfare projects in KP: Governor

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KP Governor
PESHAWAR, Jun 07 (APP): Khyber Pakhtunkhwa Governor, Faisal Karim Kundi on Friday reaffirmed his commitment for making joint efforts with Agha Khan Foundation for promotion of education and better healthcare services imperative for human resource development and helping poor people.
He was talking to Prince Rahim Agha Khan who called on him in Islamabad, said a statement.
The Governor congratulated him on receiving Nishan-i-Pakistan award.
The Governor praised Prince Agha Khan Foundation for its welfare services including education and health in Khyber Pakhtunkhwa especially in Chitral district. It was reaffirmed during the meeting that the jurisdiction of Agha Khan Foundation’s welfare projects and assistance of the underprivileged segment would be extended to other areas of the province.
Khyber Pakhtunkhwa Governor Faisal  Karim Kundi commended the services of the Agha Khan Foundation for eradication of poverty and providing assistance to the poor segment of KP especially in Chitral district.
He underscored the need for collective efforts for looking after the needs of poor families and taking them out of poverty in future. He said that Agha Khan Trust was busy in great work of improving standard of life of the underprivileged and enhanced welfare activities in the world.
On this occasion, Prince Rahim Agha Khan has also expressed his resolve to work together on constructive measures and highly praised the Governor KP’s vision on development of human resources and improving lives of deserving people

China, Pakistan agree to upgrade CPEC, advance development in second phase

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APP/file photo

BEIJING, Jun 7 (APP): Prime Minister Muhammad Shehbaz Sharif and Chinese President Xi Jinping Friday held a productive meeting, reaffirming the consensus to high-quality development of China Pakistan Economic Corridor (CPEC) and timely completion of major ongoing projects.

The two leaders also affirmed consensus on up-gradation of the CPEC and advancing the development of the mega project in the second phase.

China, Pakistan agree to upgrade CPEC, advance development in second phase

The prime minister briefed President Xi on Pakistan’s policies for economic reform and sustained growth, industrial development, agricultural modernization and regional connectivity and the critical role played by CPEC in Pakistan’s development.

He asserted Pakistan’s commitment to high-quality development of CPEC and to foster synergy between the development strategies of the two countries through close coordination.

China, Pakistan agree to upgrade CPEC, advance development in second phase

The meeting between the two leaders was held here at the historic Great Hall of the People. The two leaders were accompanied by the Federal Ministers and senior officials.

This was the first meeting of PM Shehbaz with the President of China since assuming office in 2024. The meeting was marked by traditional warmth reflective of the ironclad friendship and close strategic ties between the two countries.

The prime minister thanked President Xi Jinping for the warm and gracious welcome accorded to him and his delegation in China. He recalled the historic visit of the President Xi Jinping to Pakistan in 2015 when the China Pakistan Economic Corridor (CPEC) was formally operationalized marking a new chapter in the bilateral relationship.

The two leaders reaffirmed the time-honored ‘All-Weather Strategic Cooperative Partnership’ and expressed the resolve to further deepen cooperation across diverse domains ranging from political and security to economic, trade, and people-to- people exchanges.

They also exchanged views on regional and global developments including Afghanistan, Palestine and South Asia including the serious human rights situation in the Indian Illegally Occupied Jammu and Kashmir (IIOJK). The two sides reiterated their longstanding support on each other’s issues of core interest.

Commending President Xi’s visionary Belt and Road Initiative (BRI) and Global Development Initiative (GDI), the prime minister underscored that as the flagship project of BRI, China Pakistan Economic Corridor (CPEC) had significantly contributed to Pakistan’s socio-economic development.

He underlined Pakistan’s commitment and full support for safety and security of Chinese nationals, projects and institutions in Pakistan.

He underlined that the government’s agenda for people centric, socio-economic development resonates with the concept of ‘shared prosperity’ embraced by China.

President Xi Jinping also hosted a banquet in honour of the prime minister , where another round of discussion on different matters of mutual interests was held.

Special attention being paid to cleanliness in suburbs of Karachi: Mayor Karachi

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KARACHI, Jun 07 (APP): Mayor Karachi Barrister Murtaza Wahab Friday said that special attention is being paid to cleanliness in the suburbs of Karachi and in accordance with our promise significant milestone have been achieved.

The sanitation system is being run in a better way in the seven districts and all twenty-five towns of Karachi, the cleaning of drains will be started immediately after Eid-ul-Azha, all the arrangements have been completed to lift the offals during the days of Eid.

These views were expressed by Mayor Karachi Barrister Murtaza Wahab while addressing the ceremony after inaugurating the sanitation works in the expansion areas of Malir district here.

Deputy Mayor Karachi Salman Abdullah Murad, Managing Director Sindh Solid Waste Management Board Syed Imtiaz Ali Shah, Hangzhou (Hangzhou Company) CEO Peng, Local leaders of PPP and officers were also present on this occasion.

Earlier, Deputy Mayor Karachi Salman Abdullah Murad inaugurated the cleaning works by cutting the ribbon.

Mayor Karachi Barrister Murtaza Wahab said that the dust bin that is needed to pick up the garbage will now be made by themselves, garbage will also be cleaned from the suburbs.

He said that we will fulfill the promise made by Bilawal Bhutto Zardari to the people now and garbage cans will be distributed equally in all twenty-five towns of Karachi. We have cleaned millions of tons of garbage from Karachi. Today sanitation condition in Karachi is much better than it used to be in past. Local bodies are active and performing their duties vigorously and in a better way.

He said that a tender for cleaning the drains has been issued before the monsoon rains, tenders will be opened on June 11 and the work of cleaning the drains will be started after Eid. We will meet all the town chairmen in next week and implement their workable suggestions.

He said that KMC has also increased its machinery, activated the pumps that were closed during the tenure of former Mayor Karachi. We will serve this city as much as we can, the coming time will be better for our city and province.

The Mayor Karachi said that the offal of sacrificial animals in the city will be transferred to the landfill site and a hundred collection points have been made in this regard.

In case of a complaint related to this, citizens can contact on 1128 helpline immediately. Their complaints will be addressed, he said.

Managing Director Sindh Solid Waste Management Board Syed Imtiaz Ali Shah while addressing on this occasion said that there was a lack of dust bins in Malir district and 1000 dust bins have been prepared, which will be delivered to different areas.

He requested the citizens to take care of the dustbins. Usually these dustbins are stolen. He said that in the past too, he had worked on the occasion of Eid-ul-Azha and this time he will show it by working.

Jinnah House attack: ATC grants bail to 6 accused

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LAHORE, Jun 07 (APP):An anti-terrorism court (ATC) on Friday granted post-arrest bail to six accused in the Jinnah House attack case of the May 9 riots.
The court directed the accused to furnish surety bonds of Rs 200,000 each for availing the relief of bail.
ATC Judge Khalid Arshad heard the post-arrest bail petitions of the accused and announced the verdict upon completion of arguments by the parties.
The court allowed post-arrest bail petitions of Muhammad Aslam, Muhammad Rashid Bhatti, Mian Muhammad Tahir, Mehmat Mujahid, Imran Ali and Muhammad Irfan.
The Sarwar Road police had registered a case against Pakistan Tehreek-e-Insaf leaders and workers on charges of attacking Jinnah House (also known as the residence of the corps’ commander Lahore) during the May 9 riots.

KCCI appreciates Govt for giving ‘industry status’ to warehouses, logistics

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KARACHI, Jun 07 (APP):President Karachi Chamber of Commerce and Industry (KCCI) Iftikhar Ahmed Sheikh, Friday, appreciated the government for announcing the status of Industry to warehouses and logistics which was widely being demanded by the business and industrial community.
President KCCI, in a statement issued, highly appreciated resolve of Prime Minister Shehbaz Sharif towards creating an enabling business environment and said that efforts being made by PM Shehbaz Sharif have put the country on a path to economic progress and prosperity which was needed in the present era of inflation and high cost of doing business.
Keeping in view the government seriousness towards resolving the issues being faced by the business community, the KCCI president hoped that other issues particularly energy tariffs will also be given special attention and relief in the form of reduced electricity and gas tariffs will also be announced which would definitely promote industrialization, bring down inflation and boost the exports.