His Excellency Nawaf Bin Said Al-Malki Ambassador of Saudi Arabia to Pakistan Interview by: Kashif Rizwan His Excellency Nawaf Bin Said Al-Malki, Ambassador of Saudi Arabia to Pakistan, talks about the multi-lateral AMAN Exercise in the sea waters, and the unfathomable brotherly relations between the two brotherly nations in an exclusive interview with the Economic Affairs. Here are the excerpts; Excellency! How do you see conducting of Multilateral AMAN Exercise and PIMEC by Pakistan over the years? What is the significance of participating in these events for Saudi Arabia? The multilateral "AMAN Exercise" and the Pakistan International Maritime Exhibition and Conference, in which the Kingdom of Saudi Arabia continuously...
February 9, 2023 at 11:15 pm | Economic Affairs
Chief of the Naval Staff Admiral Muhammad Amjad Khan Niazi NI(M) S Bt says that the force is agile in ensuring the resolute defence of the country besides ensuring maritime security and peace in the Indian Ocean. Interview by: S.A. Chaudhry Chief of the Naval Staff Admiral Muhammad Amjad Khan Niazi NI(M) S Bt The Economic Affairs was privileged for a one-on-one interview with the Pakistan Navy's Chief who shed light on its strengths, agility, and resoluteness to defend the sea frontiers and protect the maritime interests of the country. With Pakistan's geostrategic location in the Indian Ocean, at the doorstep of the Arabian Gulf, the Pakistan Navy has been playing an important role in promoting regional maritime security and g...
February 9, 2023 at 11:15 pm | 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
The Council of the Institute of Chartered Accountants of Pakistan (ICAP) unanimously elected Mr. M.Ali Latif as its President for the year 2023-2024 in its 365th meeting held in Karachi on January 28, 2023. Mr. M. Ali Latif is a Fellow Member (FCA) of the Institute of Chartered Accountants of Pakistan (ICAP). He is a 2nd generation Chartered Accountant and son of a well - known practicing chartered accountant, Mr. M.T.K Rehmani (Late) – who practiced under the name & style of “M/s Rehmani & Co., Chartered Accountants”. He has more than 20 years of experience in the accounting & audit profession and is responsible for managing a wide ranging portfolio of clients across different economic sectors. He is currently work...
January 30, 2023 at 7:26 pm | Economic Affairs
Pakistan Rupee Exchange Rate