ISLAMABAD: Pakistan has offered New York-based businesses investment incentives to expand their footprint in South and Central Asia, citing its strategic location as a key advantage, state-run media reported on Saturday.
Seeking to position itself as a pivotal trade and transit hub, Pakistan has sought to involve other countries in its economic plans, particularly within its own neighborhood where it has offered landlocked Central Asian states access to its ports to facilitate their connection to global markets.
US-Pakistan trade relations have long been significant, with the US serving as Pakistan’s largest export market for textiles, apparel and leather goods.
Pakistan’s Ambassador to the US, Rizwan Saeed Sheikh, met with Mark Jaffe, Head of the Greater New York Chamber of Commerce, to discuss strategies for enhancing bilateral trade between the two nations.
“The Pakistani envoy underscored Pakistan’s liberal investment regime, strategic geographic location, and incentives for foreign investors, emphasizing the benefits for New York businesses seeking to expand their footprint in South and Central Asia,” the Associated Press of Pakistan (APP) news agency reported.
Jaffe expressed interest in Pakistan’s textile, leather, surgical and information technology sectors apart from outlining efforts to promote trade and investment, it added.
Ambassador Sheikh appreciated Jaffe’s support and interest in Pakistan’s 5th International Textile and Leather Exhibition 2024 held last month in the country’s southern metropolis of Karachi, APP said.
He also invited the New York City chamber to participate in the 4th Engineering and Healthcare show in Lahore next year.
The Pakistani envoy highlighted how Pakistan’s Generalized System of Preferences Plus (GSP+) status in the European Union and Free Trade Agreement with China could provide added advantages for foreign investors working in his country.
The meeting took place at a time when Islamabad is seeking to bolster trade and investment relations with allies to stabilize its fragile $350 billion economy as it faces an acute balance of payment crisis amid soaring inflation and surging external debt.
 

ISLAMABAD: The Punjab government has conducted a successful artificial rain trial using local technology to reduce smog, state-run media reported on Saturday, as the province grapples with deteriorating air quality and takes measures to protect millions from pollution. 
State broadcaster Radio Pakistan said the provincial government carried out “cloud seeding” in the eastern cities of Jhelum, Chakwal, Talagang and Gujar Khan on Friday, which resulted in rainfall in Jhelum and Gujar Khan within a few hours.
Cloud seeding is a weather modification technique that improves a cloud’s ability to produce rain or snow by introducing tiny ice nuclei into certain types of subfreezing clouds. 
In December last year, a cloud seeding experiment was carried out by the United Arab Emirates to bring about artificial rain in Lahore. The UAE sent two special planes and a technical team, which waited in Lahore for several days for the right conditions before carrying out its mission.
“Punjab Chief Minister Maryam Nawaz Sharif congratulated all scientific experts and associated institutions on the success of this artificial rain experiment,” Radio Pakistan said. 
It said the experiment was conducted due to the combined efforts of the Punjab government, Pakistan Army’s Scientific Research and Development experts, Army Aviation, PARCO and the Environmental Protection Agency. 
“This success will open new avenues for technological advancement in Pakistan and help alleviate weather-related issues for the public,” it said. 
The development takes place as Punjab extended school closures in smog-hit major cities from Nov. 17 by a week, with thousands hospitalized as the country battles record air pollution. 
Toxic smog has enveloped Punjab’s cities, especially its cultural capital of Lahore, since last month. Smog occurs when cold air traps dust, low-grade diesel fumes and smoke from illegal stubble burning on fields.
As the air quality deteriorates, the provincial government has taken certain measures such as closing schools, banning the entry of heavy transport vehicles in Lahore on specific days and banning entry to parks, zoos, playgrounds and other public spaces.
Other parts of South Asia are also dealing with high levels of pollution and Punjab blames neighboring India for contributing to its hazardous air quality.
New Delhi, the world’s most polluted capital, has banned non-essential construction, moved children to virtual classrooms and asked residents to avoid using coal and wood from Friday.