Pakistan PM to strengthen economic ties, meet top investors in China next week – foreign office

Pakistan's newly elected Prime Minister Shehbaz Sharif, inspects the honor guard at the Prime Minister's House in Islamabad, Pakistan on March 4, 2024. (REUTERS)
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Updated 31 May 2024
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Pakistan PM to strengthen economic ties, meet top investors in China next week – foreign office

  • Shehbaz Sharif will start his four-day China visit from June 4 to set the ‘future trajectory’ of the strategic ties
  • PM will hold meetings with the Chinese president, senior officials and members of the business community

ISLAMABAD: Prime Minister Shehbaz Sharif’s upcoming four-day visit to China next week will prioritize meetings with top companies and investors, Pakistan’s foreign office said on Friday, highlighting the focus on strengthening economic ties between the two nations.

Earlier today, the PM asked Pakistani officials to carve out a “comprehensive plan” for business-to-business (B2B) engagements during his visit to China on June 4-8 as the South Asian country seeks to woo Chinese investors.

Sharif’s visit comes at a time when Pakistan is looking to boost foreign investment to support its fragile economy after averting a default last year, thanks to a $3 billion International Monetary Fund (IMF) bailout.

“An important aspect of the PM’s visit will be meetings with corporate executives of leading Chinese companies dealing in oil and gas, energy, ICT [information and communication technology], and emerging technologies,” foreign office spokesperson Mumtaz Zahra Baloch said.

She informed during her weekly media briefing Sharif would visit Beijing, Xi’an and Shenzhen, adding he would hold delegation-level talks with President Xi Jinping, Prime Minister Li Qiang, Chairman of the Standing Committee of the National People’s Congress Zhao Leji and heads of key government departments.

She said the PM would also address the Pakistan-China Business Forum attended by leading businesspeople, entrepreneurs and investors from both countries. He would also visit the economic and agricultural zones in China.

Baloch noted the cooperation between the two states during the visit would set the future trajectory of the Pakistan-China strategic partnership.

COUNTERTERRORISM

Asked if Islamabad had officially urged Beijing to talk to Kabul about the terror threat Pakistan faced, she said both countries had several channels of communication where everything including terrorism was discussed.

“So, these talks continue,” she said. “I am not in a position to share internal deliberations and privileged diplomatic conversations. Pakistan and China have been discussing issues relating to terrorism, relating to security of Chinese nationals in the country.”

The spokesperson informed the two countries had agreed to further strengthen cooperation in counterterrorism and security through a comprehensive approach.

“We have made a clear public statement about how we will work together to combat terrorism,” she added. “No attempt to undermine our cooperation and friendship will ever succeed.”

Earlier today, Pakistan’s interior secretary Muhammad Khurram Agha held a meeting with Afghanistan’s interim deputy interior minister Muhammad Nabi Omari in Kabul and shared with him findings of a March 26 suicide attack in northwest Pakistan that killed the five Chinese nationals and their Pakistani driver.

The Chinese workers were killed when a suicide bomber rammed his car into their vehicle while they were on their way to the Dasu hydropower project in Pakistan’s northwestern Khyber Pakhtunkhwa province.

Islamabad blamed the Tehreek-e-Taliban Pakistan (TTP) for the attack, with Pakistan’s interior minister saying last week the bombing was coordinated by TTP members from Afghanistan, asking Kabul to arrest and hand over the suspects involved in the crime.


Pakistan’s UAE envoy, exhibitors praise GITEX Dubai as ‘great show’ for tech firms

Updated 17 October 2024
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Pakistan’s UAE envoy, exhibitors praise GITEX Dubai as ‘great show’ for tech firms

  • Eighty Pakistani IT, tech firms are taking part in GITEX in Dubai, considered one of the biggest tech exhibitions worldwide
  • Pakistani exhibitors praise encouraging response received at GITEX 2024, stress importance of global networking in IT sector 

ISLAMABAD: Pakistan’s Ambassador to the United Arab Emirates Faisal Niaz Tirmizi and several exhibitors taking part in the ongoing GITEX exhibition in Dubai praised the international tech show, saying that several lucrative agreements were signed by Pakistani IT companies during the five-day event. 
The annual Gulf Information Technology Exhibition (GITEX) is considered one of the world’s largest tech shows, connecting industry leaders with major tech and innovation startups, as well as government officials, expert investors and corporate buyers. 
This year’s five-day exhibition commenced on Oct. 14 and will end on Oct. 18. The event holds particular significance for Pakistan as it aims to showcase its growing prowess in IT as it eyes lucrative markets in the Middle East.
“It is a great show for Pakistan as many MoUs, deals and agreements were signed and many new opportunities were given to Pakistani companies,” Tirmizi told Arab News.
When asked about the deals signed by Pakistani tech companies, Tirmizi said the exact number would be known when the event concludes on Friday. 
“This is the biggest trade show,” the Pakistani envoy said, adding that 6000 companies from countries around the world were participating in the event.
“Pakistan was recognized as Tech Destination of the Year and we also had a Pakistan evening which was an official evening of GITEX 2024,” he said. 
Tirmizi said this exhibition provided the best opportunity for Pakistani companies to showcase their products, talent, manpower, and skills to the UAE, the region and even the world.
‘PAKISTAN’S SIGNIFICANT BRANDING’
Sajjad Mustafa Syed, the chairman of the Pakistan Software Houses Association (P@SHA), described GITEX as a “game-changer” for Pakistan IT startups and companies. He said a total of 80 Pakistani companies are participating in the event. 
“The slogan of Tech Destination Pakistan was well received by the audience and several Pakistani companies signed multimillion-dollar contracts at the conference,” Syed told Arab News. 
Muhammad Zohaib Khan, the founder of A2Z Creatorz, a website and mobile app development company, said such exhibitions have tremendous potential, stressing the importance of networking with buyers in the IT sector. 
“There was significant branding of Pakistan as a tech destination at Gitex Dubai and many regional and global companies took interest in Pakistani companies where many deals have been signed,” Khan, who is an ex-chairman of P@SHA, told Arab News. 
Muhammad Ali Tahir, marketing manager of TMC (TallyMarks Consulting), a system integrator company, said his organization secured a powerful partnership on Wednesday with Obrela, a renowned global provider of cybersecurity services, under its subsidiary Integrians Cybersecurity Solutions (ICS).
“As the exclusive service provider for Obrela’s services in Pakistan, ICS will offer comprehensive cybersecurity solutions, building a fortress for businesses to innovate fearlessly,” Tahir told Arab News.
“By combining our expertise in enterprise business solutions with Obrela’s unstoppable cyber defense, we will ensure resilient protection every step of the way,” he added. 
Shahid Ismail, chief executive officer of Premier Cables, one of the leading manufacturers of fiber-optic cables, said this was the 15th consecutive year his company has participated in GITEX.
“We secured supply orders from Etisalat through this platform a few years ago and have been supplying them with fiber-optic cables ever since,” he told Arab News.
“So far, we have supplied them with up to 17,000 km of fiber-optic cables, and today at GITEX, we received a new order from Etisalat.”


Pakistan Navy seizes 1.3 tons of hashish worth $26 million in Arabia Sea operation

Updated 17 October 2024
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Pakistan Navy seizes 1.3 tons of hashish worth $26 million in Arabia Sea operation

  • “Operation Himalayan Spirit” conducted by Pakistan and US navy coast guards and ships
  • Navy says operation testament to its commitment to safeguard critical maritime choke points

ISLAMABAD: The Pakistan Navy seized 1.3 tons of narcotics valued at approximately $26 million during a targeted operation in the North Arabian Sea aimed at disrupting “illicit maritime activities” on Thursday, the navy said in a press release. 
Pakistan Navy, in collaboration with other law enforcement agencies, frequently carries out such narcotics seizure operations in the country’s territorial waters. 
“Operation Himalayan Spirit” was conducted by Pakistan’s PNS Zulfiqar, which is part of the navy’s combined task force to curb illegal activities at sea. It was assisted by PMSS Kolachi along with the US Navy and US Coast Guard ships that were conducting operations in nearby waters.
“Pakistan Navy ship PNS Zulfiqar while participating in Focused Operation Himalayan Spirit successfully interdicted a vessel carrying 1.3 tons of hashish in the North Arabian Sea,” the navy said. 
The operation was supported by aerial surveillance from a Pakistan Navy aircraft and the USS Abraham Lincoln Carrier Strike Group, the press release said, adding that information regarding suspicious boats was regularly exchanged among all units involved in the operation. 
Pakistan’s navy described the operation’s success testament to the country’s commitment to ensure peace and security at the “world’s critical maritime choke points.”
In June, the Pakistan Navy seized 389 kilograms of highly valuable drugs during an anti-narcotics operation in the Arabian Sea. 
Last year in May, it seized over 4,000 kilograms of hashish worth over $65 million with the country’s Anti-Narcotics Force.


Pakistan’s finmin resolves to continue macroeconomic reforms in meeting with US envoy

Updated 17 October 2024
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Pakistan’s finmin resolves to continue macroeconomic reforms in meeting with US envoy

  • Muhammad Aurangzeb resolves to continue “broad-based reforms” in energy, taxation and other sectors
  • Donald Blome reaffirms Washington’s commitment to promote “high-quality” US investment for Pakistan’s growth

ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb on Thursday reiterated Islamabad’s resolve to implement broad-based reforms in various economic areas such as energy and taxation, state-run media reported, in his meeting with US Ambassador Donald Blome. 
Facing a prolonged economic crisis, Pakistan’s government has undertaken economic reforms in line with conditions imposed by the International Monetary Fund (IMF) in exchange for its critical aid. These reforms include terminating agreements with independent power producers and taking measures to enhance the tax net. 
Islamabad views Washington as an important economic partner and ally. It has relied on American aid in the past and Washington’s huge influence with the IMF for frequent economic bailouts. 
“Minister for Finance and Revenue, Senator Muhammad Aurangzeb has reiterated the government’s resolve to carry on with broad-based reforms on taxation, energy and SOE [state-owned enterprises],” state broadcaster Radio Pakistan said. 
Aurangzeb issued the comments whilst meeting US Ambassador Donald Blome, who had called on him in Islamabad. The Pakistani finance minister spoke about raising the tax-to-GDP ratio to 13.5 percent, saying that authorities plan to plug leakages and bring untaxed sectors into the tax net. 
He said the government had approved a “comprehensive transformation plan” for the Federal Board of Revenue (FBR), the country’s central revenue authority. 
“The Minister called the macroeconomic reforms “work in progress” and pointed to more serious challenges of climate change and child stunting,” Radio Pakistan said. “Which threatened to perpetuate inequalities and disrupt the pace of economic growth and stability in Pakistan over the medium to long term.”
The state media said Blome appreciated Pakistan’s efforts for improving macroeconomic stability and lauded the government for initiating “challenging and bold reforms, particularly in the taxation and energy sectors.”
“He reaffirmed his commitment to enhancing bilateral cooperation in technical and development initiatives, and promoting high-quality US investment for economic growth of Pakistan,” Radio Pakistan said.


Pakistan to send trained nurses to Saudi Arabia

Updated 17 October 2024
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Pakistan to send trained nurses to Saudi Arabia

  • Saudi Arabia urgently requires nurses in various fields including cardiac care, emergency and critical care, says Pakistani official
  • The last date to apply for the advertised nursing jobs is October 20 while walk-in interviews to be held on October 21

ISLAMABAD: Pakistan’s Overseas Employment Corporation (OEC) will be sending qualified and trained nurses to Saudi Arabia on an urgent basis, state media reported on Thursday citing an official of the Ministry of Overseas Pakistanis.
The kingdom requires nursing staff in various fields, including cardiac care, emergency, medical care, obstetrics, pediatrics, critical care, hemodialysis, neonatal care, oncology, surgical care, and intensive care units. According to a ministry official, the demand for Pakistani workforce has been increasing in Arab countries.
“OEC an attached department of the Ministry of Overseas Pakistanis and Human Resource Development would export the female nurses workforce to the Kingdom of Saudi Arabia on an urgent basis,” state-run Associated Press of Pakistan (APP) reported. 
It said walk-in interviews of the nurses will be conducted in the eastern city of Lahore on Oct. 21. 
The overseas ministry official said Saudi Arabia was seeking women nurses with at least one year of experience and a Bachelor of Science degree in nursing with 16 years of education. The nurses should have a PNMC [Pakistan Nursing and Midwifery Council] registration, intensive care unit and emergency room experience. 
He also said that the nurses should not be over 45 years of age.
A delegation from Saudi Arabia would conduct in-person interviews for the nurses in Pakistan that would focus on work experience, handling patients and fluency in written and spoken English. 
Candidates should bring their original degrees, national ID cards, two passport-size photos and a passport depending on its availability, the official said. 
Interested applicants could apply via the OEC’s website https://oec.gov.pk/, UAN 0311-0011-632 or email at [email protected]
The last date to apply for the posts is Oct. 20.


Pakistan out for 221, England need 297 to win second Test

Updated 17 October 2024
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Pakistan out for 221, England need 297 to win second Test

  • Spinners Shoaib Bashir, Jack Leach share seven wickets to dismiss Pakistan for 221
  • Pakistan dismiss Ben Duckett for 0 to strike early blow as England attempt chase

MULTAN: Spinners Shoaib Bashir and Jack Leach shared seven wickets to bowl Pakistan out for 221 on the third day in Multan, setting England a target of 297 to win the second Test.
Bashir finished with 4-66 while Leach grabbed 3-67 but Pakistan were lifted from a precarious 134-5 by Salman Agha (63) and Sajid Khan (22) with a 65-run ninth-wicket stand.
The hosts made 366 in their first knock.
Pakistan off-spinner Sajid took 7-111, his second five-wicket haul, to bowl England out for 291 on a pitch — also used for the first Test — offering sharp turn.