At Cairo summit, Pakistan minister hails women for addressing religious intolerance, promoting peace

At Cairo summit, Pakistan minister hails women for addressing religious intolerance, promoting peace
Pakistan’s Religious Affairs Minister Chaudhry Salik Hussain speaks during Egypt’s Supreme Council of Islamic Affairs in Cairo on August 25, 2024. (APP)
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Updated 25 August 2024
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At Cairo summit, Pakistan minister hails women for addressing religious intolerance, promoting peace

At Cairo summit, Pakistan minister hails women for addressing religious intolerance, promoting peace
  • Chaudhry Salik Hussain was addressing 35th conference of Supreme Council of Islamic Affairs on ‘Role of Women in Building Awareness’
  • The two-day conference in Egypt aims to appreciate women and highlight their role in building a family, a society and a nation

ISLAMABAD: Pakistan’s religious affairs minister, Chaudhry Salik Hussain, highlighted the role of women in addressing contemporary issues such as religious intolerance and global peace as he addressed an international summit in Cairo, Pakistani state media reported on Sunday.
Hussain addressed the 35th international conference of the Supreme Council of Islamic Affairs, being held in Egypt on August 25-26, on “the Role of Women in Building Awareness.” The two-day conference aims to appreciate women and highlight their role in building a family, a society and a nation.
Hussain said women had a “cardinal role” in creating awareness across religious, cultural, societal and familial domains, the state-run Radio Pakistan broadcaster reported.
“The role of women in building awareness, particularly in spreading knowledge, promoting good and upholding justice, is well-recognized in Islam,” he was quoted as saying.
“Religious awareness is fundamental in fostering mutual respect and understanding among diverse communities and women have played a transformative role in this arena.”
The minister noted that women had historically been at the heart of religious education, guiding families and communities in spiritual matters across cultures.
He acknowledged the “profound contributions” of Egypt, particularly Al-Azhar University, in nurturing Islamic scholarship and fostering a deep understanding of the faith.
Pakistan and Egypt enjoy cordial ties with each another. Friendly ties between the two countries can be traced back to 1947 when Pakistan gained independence and its founder, Muhammad Ali Jinnah, visited Egypt at the special invitation of King Fuad II.
The two countries have resolved to enhance bilateral trade in recent years by facilitating businessmen through visas, trade-related information and private sector contacts.


Pakistani finance minister discusses joint ventures, business collaborations with Saudi envoy

Pakistani finance minister discusses joint ventures, business collaborations with Saudi envoy
Updated 7 sec ago
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Pakistani finance minister discusses joint ventures, business collaborations with Saudi envoy

Pakistani finance minister discusses joint ventures, business collaborations with Saudi envoy
  • Last month, Pakistan said it had secured commitments from China, Saudi Arabia and UAE to roll over debt for a year
  • Debt rollovers will be a boost for Islamabad as it awaits final approval of a $7 billion IMF loan program signed in July

ISLAMABAD: Minister for Finance and Revenue Muhammad Aurangzeb met Saudi Ambassador to Pakistan Nawaf bin Saeed Al-Malki on Wednesday and discussed joint ventures and business collaborations as well as steps Islamabad is taking as it navigates a tough reforms agenda mandated by the International Monetary Fund (IMF).
Pakistan and Saudi Arabia enjoy strong trade, defense and cultural ties. The Kingdom is home to over 2.7 million Pakistani expatriates and serves as the top source of remittances to the cash-strapped South Asian nation.
In February 2019, Pakistan and Saudi Arabia inked investment deals totaling $21 billion during a visit by Saudi Crown Prince Mohammed bin Salman to Islamabad. The agreements included about $10 billion for an Aramco oil refinery and $1 billion for a petrochemical complex at the strategic Gwadar Port in Balochistan.
Both countries have been working in recent months to increase bilateral trade and investment, and the Kingdom in April this year reaffirmed its commitment to expedite an investment package worth $5 billion for Pakistan.
“Aurangzeb expressed deep appreciation for Saudi Arabia’s consistent economic support to Pakistan, while highlighting the renewed interest shown by Saudi investors in pursuing joint ventures and business collaborations with Pakistan’s private sector,” Radio Pakistan said on Thursday. 
“Aurangzeb noted the significant outcomes of the high-level business delegation’s visit from Saudi Arabia to Pakistan in May, aimed at exploring investment opportunities, expanding bilateral cooperation, and scaling up partnerships across diverse sectors.”
The minister also outlined Pakistan’s “positive” economic trajectory, citing key indicators such as currency stabilization, reduced inflation, a surge in remittances, prudent management of the current account deficit and foreign exchange reserves sufficient to cover two months of imports.
“The Minister emphasized that structural reforms are pivotal for ensuring sustainable economic growth and stability, forming a cornerstone of the government’s policy agenda,” Radio Pakistan said. 
The report said Al-Malki “commended” the government of Pakistan’s efforts in implementing structural and institutional reforms and reiterated the Kingdom’s “unwavering commitment to contributing to Pakistan’s economic growth.”
“The Ambassador also acknowledged the immense potential for investment and business opportunities between the two countries,” Radio Pakistan said. “He indicated that a Saudi business delegation is expected to visit Pakistan in the coming months to further explore areas for joint ventures and collaborative investments.”
Aurangzeb has said in recent weeks Pakistan will focus on meeting its external financing needs by speaking with foreign governments and lenders to draw foreign investment as well as seeking loan rollovers. The government is also seeking to focus on more sustainable forms of external financing such as direct investment and climate financing.
Pakistan and the IMF reached an agreement for a new 37-month $7 billion loan program in July. The IMF has said the program is subject to approval from its executive board and obtaining “timely confirmation of necessary financing assurances from Pakistan’s development and bilateral partners.”
Last month, Bloomberg reported Pakistan had secured commitments from China, Saudi Arabia and the United Arab Emirates to roll over debt for a year, a boost for Islamabad as it awaits final approval of the IMF loan program.
Rollovers or disbursements on loans from Pakistan’s long-time allies, in addition to financing from the IMF, have helped Pakistan meet its external financing needs in the past.
Tough conditionalities placed by the IMF, such as raising tax on agricultural incomes and lifting electricity prices, have unleashed street protests and prompted concerns about poor and middle class Pakistanis grappling with rising inflation and the prospect of higher taxes.


Shanghai Cooperation Organization commerce ministers conference kicks off in Islamabad today

Shanghai Cooperation Organization commerce ministers conference kicks off in Islamabad today
Updated 10 min 57 sec ago
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Shanghai Cooperation Organization commerce ministers conference kicks off in Islamabad today

Shanghai Cooperation Organization commerce ministers conference kicks off in Islamabad today
  • Event is being attended by ministers of SCO countries dealing with external trade and commerce
  • Pakistan is hosting meetings in capacity as incumbent chair of SCO Council of Heads of Government

ISLAMABAD: The 23rd meeting of ministers of the Shanghai Cooperation Organization (SCO) member states responsible for foreign economic and trade activities will kick off today, Thursday, in Islamabad, the foreign office said. 
The event will be attended by ministers of SCO countries dealing with external trade and commerce and be chaired by Pakistani Commerce Minister Jam Kamal Khan.
“In their deliberations, the SCO Ministers will focus on ways to bolster regional cooperation for enhancing trade, advancing sustainable development and promoting connectivity among SCO countries for enhancing economic prosperity in the region,” the foreign office said in a statement.
“Deliberations and outcome of this Ministerial meeting will be discussed and approved during the upcoming meeting of Council of Heads of Government scheduled to take place on 15-16 October 2024 in Islamabad.”
Pakistan is hosting the meetings in its capacity as the incumbent chair of the SCO Council of Heads of Government, the second highest SCO forum that deals with all economic, trade, social, cultural and humanitarian issues as well as the personnel and budgetary matters of the organization.
The SCO represents a major cross-regional bloc, accounting for nearly half of the world’s population and a substantial portion of global GDP. 
“Strengthening trade and economic ties within this framework is crucial for addressing shared challenges and tapping into the vast economic opportunities the region offers,” the foreign office added. “As the host and Chair of SCO-CHG, Pakistan is dedicated to using this platform to promote enhanced economic cooperation within the region.
“With its strategic geographical location and growing trade potential, Pakistan seeks to play a facilitating role in shaping the future of regional commerce and trade partnerships for the mutual benefit of the people of SCO countries.”


Pakistan says China wants to build special economic zone in Gilgit-Baltistan

Pakistan says China wants to build special economic zone in Gilgit-Baltistan
Updated 18 min 4 sec ago
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Pakistan says China wants to build special economic zone in Gilgit-Baltistan

Pakistan says China wants to build special economic zone in Gilgit-Baltistan
  • Mountainous territory is the gateway of the $65 billion China-Pakistan Economic Corridor infrastructure plan
  • CPEC project had aimed to bring development to the region but proposed projects have not taken off so far

ISLAMABAD: A high-level delegation of Chinese companies visiting Islamabad this week has shown “keen interest” in building a special economic zone (SEZ) in the northern Gilgit-Baltistan region, state-run Radio Pakistan reported on Thursday.
GB is administered by Pakistan as an administrative territory and consists of the northern portion of the larger Kashmir region, which has been the subject of a dispute between India and Pakistan since 1947. The impoverished, remote and rugged mountainous territory borders Afghanistan and China and is the gateway of the $65 billion China-Pakistan Economic Corridor (CPEC) infrastructure plan. But the region has so far reaped few rewards.
“Pak-China border region has significant economic and cultural importance, with trade and cultural exchanges between the two regions dating back centuries,” Pakistani Minister for Kashmir and GB Affairs, Amir Muqam, was quoted by Radio Pakistan as saying after he hosted the Chinese delegation led by renowned economist Yuan Jianmin Senior in Islamabad.
Muqam said investing in Gilgit Baltistan could benefit both China and Pakistan and foster economic growth, regional connectivity and a stronger partnership.
“The delegation showed keen interest in construction of a Special Economic Zone in Gilgit Baltistan,” Radio Pakistan added.
GB locals fought pro-India forces and opted to join Pakistan in 1948. But since then Gilgit-Baltistan has not been granted full inclusion by the Pakistani constitution over fears doing so would jeopardize Islamabad’s international stance that all of Kashmir is disputed territory.
The local assembly has few powers. Pakistan’s National Assembly and Senate have no representation from Gilgit-Baltistan, and the region receives only a fraction of the national budget.
The CPEC project had aimed to bring development to the region but that has not happened, a consequence, many residents believe, of the lack of local representation at national levels.
New roads, two hydroelectric power plants, a fiber-optic Internet line, and a special economic zone to boost industrial activities have all been proposed as part of the CPEC project since 2013, but none have been materialized so far.
The only substantial project from the China-Pakistan partnership has been the construction of the Karakoram Highway, completed decades ago.


First-ever visit by UN maritime chief to Pakistan kicks off today

First-ever visit by UN maritime chief to Pakistan kicks off today
Updated 12 September 2024
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First-ever visit by UN maritime chief to Pakistan kicks off today

First-ever visit by UN maritime chief to Pakistan kicks off today
  • Secretary-General Velasco will attend a three-day maritime sustainability conference, meet with top officials
  • Foreign office says the visit will give Pakistan opportunity to discuss maritime sector along with blue economy

ISLAMABAD: The Secretary-General of the International Maritime Organization, Arsenio Antonio Dominguez Velasco, is scheduled to arrive in Pakistan today, Thursday, to attend the International Maritime Sustainability Exhibition and Conference, according to an official statement released on Wednesday.
The IMO is a specialized agency of the United Nations responsible for regulating shipping and ensuring maritime safety, environmental protection and security on international waters. Established in 1948, its primary role is to develop and maintain a comprehensive regulatory framework for shipping, which includes standards for safety, pollution prevention and legal matters surrounding global maritime operations.
Pakistan’s foreign office said in a statement this will be the first-ever visit to Pakistan by an IMO Secretary-General.
“The Secretary General’s visit will afford an opportunity for Pakistan and IMO to exchange views on maritime sector and blue economy,” the statement said.
“As a founding member of IMO, Pakistan is deeply committed to IMO’s vision of safe, secure and efficient shipping on clean oceans,” it added. “Pakistan has served for five terms on the IMO Council and has consistently contributed in upholding the IMO objectives.”
The foreign office informed that Velasco will be visiting the country from September 12 to 14 and will hold meetings with Pakistani leadership and senior government officials.
He is scheduled to attend the international exhibition and conference arranged by the Ministry of Maritime Affairs, which will begin in Islamabad today before moving to Pakistan’s port city of Karachi for the next two days.
Pakistan is actively working to increase its global trade through sea-lanes and improve port facilities in Karachi and Gwadar.
It is also positioning itself as a key transit hub for landlocked Central Asian states, receiving encouraging responses from countries like Tajikistan, Uzbekistan and Kazakhstan to use its ports for international trade.


One dead as rescue teams control fire at residential building in Karachi

One dead as rescue teams control fire at residential building in Karachi
Updated 11 September 2024
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One dead as rescue teams control fire at residential building in Karachi

One dead as rescue teams control fire at residential building in Karachi
  • Pakistan’s most populous city witnesses hundreds of fire incidents annually due to poor safety controls
  • Rescue 1122 says the firefighters used foam to put out the flames, helped people stranded on the roof

KARACHI: One man was killed and his body retrieved after a fire broke out at a residential building in Pakistan’s southern port city of Karachi on Wednesday, prompting authorities to deploy five fire brigade vehicles to control the blaze.
Karachi, Pakistan’s largest and most populous city, is home to hundreds of thousands of industrial units, residential neighborhoods and some of the country’s tallest buildings.
However, it suffers from a fragile firefighting system and poor safety controls, leading to hundreds of fire incidents annually.
Last month, a massive fire engulfed a plastic factory in the city, which took several hours to extinguish, though no casualties were reported.
“The fire was brought under control due to Rescue 1122’s quick response,” informed a statement released by the service, adding that its workers used foam to put out the flames.
“During the search, the body of a 55-year-old deceased man was recovered from the building,” it said.
The statement also mentioned that some people who were stranded on the roof were safely rescued.
“The final search operation will be conducted after the cooling process,” the statement continued.
The fire incident occurred at the Shah Faisal Colony, a densely populated neighborhood in the city.