The Bloomberg Economics report comes as a significant boost for PML-N, enhancing its image as a competent economic manager. By Qamar Bashir The Bloomberg Economics report, lauding the Pakistan Muslim League-Nawaz (PML-N)'s economic management, comes at a critical time as Pakistan faces severe economic challenges. With the country in the throes of a financial crisis, marked by soaring inflation of 20-25% and an unemployment rate above 8%, the populace is burdened and seeking immediate relief. Notwithstanding its shortcomings, this report has indeed impacted the election campaigning for every stakeholder including PML(N), PTI and PPP, and has generated media and public discourses. This backdrop has triggered a wave of extravag...
January 26, 2024 at 2:10 pm | Economic Affairs
The Consul General of the Peoples Republic of China in Lahore Mr. Zhao Shiren has said that China believes Pakistan can hold a peaceful, safe and timely elections while the solution of Occupied Kashmir should be according to the resolutions of the United Nations. He expressed these views while talking to journalists in Meet the Press program at Lahore Press Club. Mr. Zhao Shiren said that general elections are internal matter of Pakistan. We should not interfere, but we will welcome whoever forms government and move forward together. He said CPEC is the joint venture of China and Pakistan which has completed 10 years and will be completed in any case. Under CPEC, he said US $26 billion have been invested so far while construction ...
January 26, 2024 at 11:56 am | Economic Affairs
Ms. Pang Chunxue, Charge d' Affairs, Chinese Embassy in Pakistan I would like to express my warm congratulations to Pakistan for holding the Exercise Aman-23 and Pakistan International Maritime Expo & Conference (PIMEC). The theme of Aman-23 is Together for Peace, which demonstrates the determination of all participating parties and partners to unity and maintain peace. It is believed that through a series of activities, all parties including the Chinese and Pakistani navies, will further enhance the level of cooperation, improve the ability to jointly respond to risks and challenges, tap the development potential of blue economy, and contribute new strengths to maintaining regional peace and stability. The Chinese side sincerely...
February 9, 2023 at 10:59 pm | Economic Affairs
H.E. Dr. Mehmet Paçac? The achievements of brotherly Pakistan have always been a source of proud for Türkiye. We believe that maritime sector in Pakistan has an immense potential to become one of the achievements with the efforts to promote cooperation in this field. With this in mind, Turkish companies will take part in Pakistan International Maritime Expo and Conference (PIMEC-2023) to be held in Karachi on 10-12 February 2023, to further contribute to the existing cooperation in maritime sector with brotherly Pakistan. It is also a great honor to announce that Turkish Naval Forces will participate in Pakistan Navy's Multinational Exercise AMAN-2023 on 10-14 February 2023 in K...
February 9, 2023 at 10:52 pm | Economic Affairs
H.E. Mr. Nicolae GOIA In our opinion, over the years AMAN and PIMEC have become traditional engagements also between the naval forces around the globe but not limited to the military sector, thus involving multiple categories of stakeholders that have their efforts, businesses and dependencies connected to the necessity for secure, healthy and well preserved territorial sea and international waters. The cooperation on this complex topic is aiming towards supporting the common ideals, from maintaining the sea lines communication undisturbed and ensuring the security and stability of the routes, to the aim for fighting piracy and terrorism. It was proven in the past that disrupting those efforts can generate a big effect, not only at regi...
February 9, 2023 at 10:49 pm | Economic Affairs
Admiral Muhammad Amjad Khan Niazi NI(M) S Bt Pakistan has enormous maritime potential and its economic prosperity is inextricably linked to the development of its maritime sector. However, this realization in our national reckoning has only started dawning in recent years. Pakistan Navy, being a major stakeholder in shaping maritime thought in the country, is alive to this need and is proactively playing its role in creating the requisite maritime awareness for exploitation of the untapped potential of our Blue Economy. It is in this context, that Pakistan Navy is hosting its first ever 'Pakistan International Maritime Expo & Conference (PIMEC)' under the patronage of Ministry of Maritime Affairs, from 10-12 February 2023 at Expo...
February 9, 2023 at 10:46 pm | Economic Affairs
Syed Faisal Ali Subzwari The Blue Economy is regarded as the sustainable use of ocean or 'Blue Resources' for socio-economic development, improved livelihoods and creating jobs while preserving the health of marine ecosystem. Pakistan is strategically located in the Indian Ocean at the crossroads of major commercial trade routes. Given the geographical and territorial advantage, its potential in Blue Economy is immense which can be accrued with a focused maritime approach, strategic planning and determined implementation. The Indian Ocean has huge reservoirs of living and non-living resources which include petroleum, natural gas and diverse marine life. In terms of fishery resources; fish and shrimps are the basic livelih...
February 9, 2023 at 10:43 pm | Economic Affairs
H.E. Muhammad Shehbaz Sharif I am pleased to learn that the Pakistan Navy is conducting the premiere edition of Pakistan International Maritime Expo & Conference (PIMEC) 2023. This Exhibition will showcase the rich potential of Pakistan's maritime sector with an aim to draw attention towards maritime industry's contribution towards the Blue Ocean economy as well as in raising maritime awareness among the people. Over the years PIMEC has emerged as a platform for interaction of ideas amongst the professionals and experts belonging to the maritime industry. It is a manifestation of Pakistan's maritime capabilities in diverse fields with a focus on marine related commercial enterprises. This would provide an exceptionally interactiv...
February 9, 2023 at 10:42 pm | Economic Affairs
H.E. Dr. Arif Alvi On the occasion of first ever edition of Pakistan International Maritime Expo & Conference (PIMEC-2023), I extend a very warm welcome to all delegates, exhibitors & trade representatives and wish them productive engagements during the event. This Exhibition will showcase the untapped potential of Pakistan's Maritime Sector and explore avenues for optimum exploitation of ocean resources under the ambit of Blue Economy. I am sure that the event will provide excellent opportunity for enhanced networking and knowledge sharing through International Maritime Conference also focusing on Blue Economy. In view of Pakistan's overwhelming reliance on sea based trade, maritime industry is a guarantor of Pakistan's sust...
February 9, 2023 at 10:36 pm | Economic Affairs
After the bloodied partition of United India, two new countries emerged on the surface of the earth, namely Pakistan and India. As with various laws and systems, India and Pakistan inherited the same prison system from the British as a colonial legacy. The system of prisons was designed to detain freedom fighters, and those who voiced their views against British Imperialism in United India. While the history of Western society’s use of punishment dates back to tortures and public executions at the scaffold till the 17th. century, it was characterized by legally approved discrimination, violence, revenge, and penitence during Medieval and Ancient times. Prison, as a place of punishment after conviction, is an 18th century in...
August 17, 2015 at 6:49 pm | News Desk
Lahore is a major urban and modern metropolitan city in Pakistan. The city which is famous for so many names education city, lifestyle city, fashion city, film city as well as art city with rich heritage. We know that every city has its own personality, mood and demeanor. Lahore in its first glance gives a relaxed, laid back and peaceful look and place to live in and enjoy your life in variety of ways. The thing in which Lahore is famous from all other cities is Lahori food. Lahore was a peaceful and progressive city and folks from other cities wish to live in. But presently Lahore has been changed with the passage of time. Know nothing is according to the set rules all the citizens are acting like Tom, Dick and Harry. Everybod...
August 15, 2015 at 12:45 pm | News Desk
Initially, executions in Pakistan were carried out for terrorism related charges. However, in the wake of the Peshawar tragedy, the government of Pakistan decided to lift the moratorium on the10th. of March of this year and reinstated the heinous punishment for all death penalty offences. The PPP lead coalition government in 2008 placed a moratorium on executions following pressure on the government by the European Union and human rights’ groups. On the 21st.of April, 17 inmates were executed in Pakistan, the highest number of executions in a single day since reversing of the country’s self-imposed ban on the death penalty in December after the Peshawar massacre that took more than 140 innocent lives. The prisoners were executed in ...
June 25, 2015 at 11:18 am | News Desk
Dr DAll had taken strikingly different journeys to violent extremist activity. People follow a pathway into radicalization, terrorism and terrorist organizations. Apparently the first stage involves an awareness of oppression. The second stage marks recognition that the oppression was social and therefore not unavoidable. The third stage is an impetus or realization that it is possible to act against the oppression. Ultimately, some conclude that working through or within the system to reform or improve it is not going to work and that self-help by violence is the only effective means for change. Based on an analysis of multiple militant extremist groups, there do appear to be some observable markers or stages in the processes that are c...
June 22, 2015 at 4:21 pm | News Desk
My forefathers fled to these shores with a vision of religious freedom. The right to it was purchased with blood and this fervently embraced freedom is the cornerstone of our Constitution. The words still leap off the page; though now dead, the witnesses still speak. Their thoughts are codified in the First Amendment of the Bill of Rights. The dry ink of the signatories flows like liquid satin through my veins. I champion this freedom. “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof….” This treasure known as freedom of religion is a summation of its parts. Man is a moral agent with free will. But free will is also extended to those who choose not to celebrate nor particip...
June 22, 2015 at 4:04 pm | News Desk
In the contemporary world, economy is treated as a religion. The time has gone when the superpowers had large arsenals and extensive colonies. This is the era of economic independence and self-reliance. Currently, the nations which are economically independent, sovereign and self reliant are dominant. The story behind the success of the Western powers, China, Japan, South Korea, Singapore and other fast progressing countries is their economic independence and self- reliance. But unfortunately, the situation in Pakistan is totally reversed. Although Pakistan is rich in natural resources, it is very poor in management. Sixty seven years have passed since the inception of the country but none of its systems has been developed properly. In Pak...
June 22, 2015 at 2:13 pm | News Desk
Life is not something that simply happens to you. It happens for you and through you, only when you recognize and utilize its hands-on magic The fundamental Law of Creation is something which applies to every soul that is manifested on this planet. Inescapable, it is also a beautiful and necessary part of life. Seen most commonly as a mysterious way for the universe to approve or deny the possibility of something, the Law of Creation is actually operational through your own hands, heart, and mind. Understanding the basic premises of the Law of Creation can help you to decide what your true purpose is and inspire you to actually live it. However, the law dictates that you must be present in your own life, taking responsibility for yo...
June 18, 2015 at 5:21 pm | News Desk
Pakistan Rupee Exchange Rate