Leaders unite to innovate tech solutions to tackle global issues The United Arab Emirates (UAE) hosted the 10th World Government Summit from 13-15 February in Dubai and it was an exceptional event that brought together dignitaries, experts, and leaders from all over the world. One of the highlights of the summit was a speech by Elon Musk, in which he stressed the importance of critical thinking, particularly in young people. Musk, who has faced his fair share of criticism on social media, emphasized the value of constructive criticism and its potential to drive progress and innovation. The summit was also an opportunity for young people to get involved and make their voices heard. The Arab youth ministerial sessions provided a pla...
February 23, 2023 at 6:56 pm | Economic Affairs
Reliance on oceans has led to diverse economic interactions, which are termed the Blue Economy, covering industries focused on sustainable utilization of ocean-based resources. Reema Shaukat Oceans are a vital resource of our planet, containing countless marine species and vast sea bed possessions. Human existence is inherently linked with oceans and seas. The growing world population and increasing food and energy demands coupled with diminishing land resources have persistently compelled the human race to explore alternate measures for our sustenance and economic development. Besides being the cheapest medium for the transportation of goods, oceans contribute to the world's economy through tourism, fishing, renewable energy prod...
February 10, 2023 at 9:28 am | Economic Affairs
Pakistan needs huge resources for building on a robust, reliable, and efficient system which should be able to monitor, track, identify probable threats to undersea cables and take effective measures to check it. Tahir Amin Choudhry Succinctly, submarine cables or undersea cables or subsea cables are fiber optics deep in the ocean floor encapsulated in a protective shell and in this present age of communication data comprising of personal or commercial, voice or digital, civil or military, educational or recreational and financial transmissions travel via them. More than 95% of the world's telecommunications traffic travels through about 438 transoceanic cables, which can vary from 17mm to 50 mm and totaling over 1.2 million Km in le...
February 10, 2023 at 9:27 am | Economic Affairs
Reformed maritime business strategies will impact related business sectors such as tourism, airlines, fisheries, and shipping and emerging sectors such as biotechnology and ocean energy. Dr. Sehrish Qayyum Economic activity in the ocean is expanding rapidly, driven primarily by changes in global demography, economic growth, trade, rising income levels, climate changes, environment index, and technology. Looking to 2030, many ocean-based industries have the potential to outperform the growth of the global economy, both in terms of value-added services, employment, as well as opportunities they offer. These industries include offshore wind, tidal, and wave energy; offshore aquaculture; cruise tourism; maritime surveillance, and mari...
February 10, 2023 at 9:11 am | Economic Affairs
New technologies are advancing the frontiers of marine resource development, including bio-prospecting and the mining of seabed mineral resources. Commodore Zafar lqbal The oceans cover a large proportion of the earth's surface and make up more than 95 per cent of the biosphere. Seas and Oceans have been used since antiquity but for a variety of reasons their usage has increased tremendously. They provide much of the world's population with food and livelihoods and are a significant means of transport in global trade. The ocean-related economy has played a pivotal role in boosting the world economy worldwide. All advanced cities all over the world are mainly coastal cities. As per estimates, about 40% of the world population is livin...
February 10, 2023 at 9:03 am | Economic Affairs
The event is aimed at promoting harmony and linkages between industries, consumers, businesses, and academia at the national and international levels, besides pivoting on strategizing diplomacies in technology and progression. Dr. Maliha Zeba Khan Exhibitions, exercises, training, conferences, symposia, and field tours are efficient tools of diplomacy. States do use these tools commonly to extend persuasive and cooperative diplomacy, and the outcome is pretty effective enhancing intra-regional and inter-regional relations at all levels. Adding spatiotemporal dimension augments efficacy, and synthesizing and strategizing such activities can culminate in supplemented dividends. The maritime-related event of the Pakistan Internationa...
February 10, 2023 at 8:57 am | Economic Affairs
By fostering a culture of cooperation and collaboration, a framework like AMAN Exercise can help build the capacity of regional littorals to effectively address security challenges in the region. Commodore Sohail Ahmad Azmie The Indian Ocean is a vital region for global commerce and energy security. Over 60% of the world's oil supplies, and more than 80% of the world's seaborne trade in petroleum products transit, through the Indian Ocean. Given its strategic importance, ensuring the security of the Indian Ocean is crucial for regional stability and global peace. The Indian Ocean, for most of its recent history has depended significantly on extra-regional forces for ensuring maritime security. AMAN Exercise, held in the wate...
February 10, 2023 at 12:25 am | Economic Affairs
Maritime is not just a sector but a parallel economy, where various sectors of the economy meet. Huma Baqai “Maritime Blindness” is not an option anymore. In the twenty-first century, the concept of the Blue Economy has become increasingly popular. The concept was first coined by Gunter Pauli in 2010, the author of the book The Blue Economy: 10 Years, 100 Innovations and 100 Million Jobs. Oceans are now seen as drivers of human development, source of food material, and space. The Blue Economy includes established conventional ocean industries like fisheries, tourism, and maritime transport, as well as new and emergent activities like offshore renewable energy, aquaculture, seabed extractive operations and marine biotechnology,...
February 10, 2023 at 12:06 am | Economic Affairs
As one of the top troop-contributing countries, Pakistan deeply values the vital role played by “blue helmets” in maintaining security and stability in many conflict-ridden areas around the world. Prof. Dr. Zafar Nawaz Jaspal The states require a systemic balance between both soft power and hard power capabilities to pursue their national interests in contemporary geopolitics. The soft power resources at the disposal of government machinery are a critical part of the foreign policy tools needed to maximize the state's interests in the anarchical international society. The states skillful in using soft power to facilitate positive collaboration are in an advantageous position in the current globalized interdependent world. This le...
February 9, 2023 at 11:53 pm | Economic Affairs
An inter-connected Asia has the potential to grow faster than other regions through a sustainable supply chain and an interlinked maritime sector that can increase its capacity to connect with global networks with greater efficiency to spur growth and prosperity in the region. Dr Hassan Daud Butt As the world moves more towards regional constructs, the Indian Ocean region is fast becoming the centre of gravity in global trade. The challenges facing us, are more wide-reaching than ever from political to economic to healthcare, with growth forecasts fluctuating fast. Even with the deteriorating outlook, inter-connected Asia has the potential to grow faster than other regions through a sustainable supply chain and an interlinked maritim...
February 9, 2023 at 11:36 pm | Economic Affairs
Pakistan Rupee Exchange Rate