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Stockholm (Press Release)The Embassy of Pakistan organized a special event today to mark the Kashmir Black Day. It was attended by members of Pakistani and Kashmir diaspora in Sweden , as well as representatives of media.Ms. Mushaal Hussein Mullick, prominent Kashmiri activist and the wife of Mr. Mohammad Yasin Malik, Chairman of the Jammu Kashmir Liberation Front addressed the gathering virtually.She highlighted the mass human rights violations and draconian laws which are being used to crush the Kashmiris’ struggle for the right to self determination.She said that the illegal actions taken by India on August 2019 had further exacerbated the plight of the people of the Indian Illegally Occupied Jammu and Kashmir (IIOJK). Ms. Mush...

October 29, 2021 at 11:36 am | Economic Affairs

Vienna(Press Release) The Embassy of Pakistan in Vienna organized a webinar to mark the Kashmir Black Day. It was attended by members of Pakistani and Kashmir diaspora in Austria and Slovakia, as well as representatives of media and local think tanks. Five distinguished speakers from Pakistan participated in the webinar as panelists. These included Syed Faiz Naqshbandi, attorney at Law and Convener of All Parties Hurriyet Conference, Islamabad, Dr Saif ur Rehman Malik, Director at the Institute of Strategic Studies Islamabad, Dr. Ishtiaq Ahmad, former Vice Chancellor of Sargodha University, Dr. Amna Mahmood, professor and the Dean of Social Sciences at the International Islamic University, Islamabad, and Ms. Mushaal Hussein Mullick, pro...

October 29, 2021 at 11:34 am | Economic Affairs

28 October, 2021 Islamabad( Press Release) "Distinguished Visitors Day" was observed during the ongoing multi-national air exercise “ACES Meet 2021-2” at an operational Air Base of Pakistan Air Force which was attended by Air Vice Marshal Imtiaz Sattar [Cdr AFSC], Maj Gen Asif Mehmood Goraya [GOC 3 AD Div], Air Vice Marshal Shahid Mansoor Jehangiri [DG JO], Air Vice Marshal Kashif Qamar [DG Log], Air Vice Marshal Ikram Noor [Advisor to CAS (A)], Air Vice Marshal Asim Rashid Malik [DG Aero (Engg)] and Rear Admiral Naeem Sarwar [DG PR (N)]. Pakistan Air Force and Turkish Air Force are actively participating in the two weeks long air exercise which commenced from 15 October, 2021 while United Kingdom and Uzbekistan air fo...

October 28, 2021 at 3:27 pm | Economic Affairs

By HE M Khalid Jamali“Pehlay Bata phir School”, generations of Pakistanis; including myself, have grown up with Bata Shoes. In 1938 Bata Shoe Company established a shoe factory near Lahore marking the establishment of a long-standing bond of friendship, diplomatic and economic relations between Pakistan and the Czech Republic. Czech Republic; then Czechoslovakia, was one of the first Central European countries to have established diplomatic relations with Pakistan in September 1950. While this marked the start of a formal relationship, the public interaction between the peoples of the two countries started as early as 1920’s. Professor Vincenc Lesny delivered lectures at the Government College Lahore, the works of Karel Capek tran...

October 28, 2021 at 12:32 pm | Economic Affairs

AgenciesHONG KONG, Oct. 28 —Fears over rising inflation and pressure on central banks to tighten monetary policy sent markets lower in Asian trade Thursday as investors contemplate the end of the era of cheap cash, while spiking Covid infections act as a reminder that the pandemic is far from over.Ongoing worries about China's vast property sector and the future of giant developer Evergrande were also in view ahead of a payment deadline, while uncertainty over Joe Biden's social spending plan was also keeping a lid on sentiment.However, a string of healthy corporate earnings has provided a crucial boost to trading floors, helping push markets to multi-year or record highs this week, while Apple and Amazon are due to report later in the d...

October 28, 2021 at 12:29 pm | Economic Affairs

October 26,2021Islamabad(APP)President Dr Arif Alvi on Tuesday said a cultural narrative of Pakistan defined by the ethos of tolerance and peace was need of the hour to bring the nation together and transform its cultural diversity into unity.Addressing at a conference themed ‘National Integration and Cultural Assimilation’ here at the Pakistan National Council of Arts, the president said Pakistan’s culture was a beautiful blend of customs and traditions from all provinces contoured by various ethnicities.The two-day conference organized by the National Heritage & Culture Division under the Ministry of Education and Professional Training was joined by scholars from across the country to deliberate on the subject of national cultu...

October 26, 2021 at 10:39 pm | Economic Affairs

EA ReportLAHORE, Oct. 26 —— Pakistan's rupee dropped to another all-time low against the US dollar, closing above the 175 level for the first time in the inter-bank market on Tuesday.According to State Bank of Pakistan (SBP), the PKR closed at 175.27 against the USD, a day-on-day depreciation of 84 paisas or 0.48%. On Monday, the PKR had dropped to the-then record low of 174.43.PKR has lost around 13% of its value against the greenback since its recent high in May amid various explanations being provided by the central bank as well as market followers.Among them remains lack of clarity over negotiations with the International Monetary Fund (IMF) that has kept the market unnerved."The market is eagerly waiting for a green signal from th...

October 26, 2021 at 7:44 pm | Economic Affairs

By H.E. Aftab Ahmad Khokher The people and Government of Austria are set to mark the Austrian National Day on 26 October 2021. This day is a landmark in Austrian history as the Austrian Parliament passed the constitutional law on permanent neutrality of Austria on 26 October 1955. Despite its small size and population, Austria has an advanced and highly industrialized economy. Due to its geography - it is a landlocked country in Central Europe - and history, Austrian diplomatic and economic relations remains largely focused on its immediate neighbours including Germany, Italy, Switzerland and Hungary. Engagement with the broader EU zone is also a priority.   Pakistan and Austria established diplomatic relations in 1956 and ha...

October 26, 2021 at 5:50 pm | Economic Affairs

AgenciesBEIJING, Oct. 25— China placed a city of four million under lockdown on Tuesday in a bid to stamp out a domestic coronavirus spike, with residents told not to leave home except in emergencies.Rrestrictions announced as China reported 29 new domestic infections -- including six cases in Lanzhou, the provincial capital of northwestern province Gansu.Officials in Lanzhou said the "entry and exit of residents" would be strictly controlled and limited to essential supplies or medical treatment."All types of residential communities are to implement closed management," authorities said in a statement.The latest rules come on top of strict stay-at-home orders imposed on tens of thousands in northern China, with access to tourist sites al...

October 26, 2021 at 5:41 pm | Economic Affairs

AgenciesTOKYO, Oct. 26— United States’ strong demand pushed Oil prices edged higher on Tuesday after trading down earlier.Brent crude was up 13 cents or 0.2% at $86.12 a barrel by 0427 GMT, after gaining 0.5% on Monday. US oil gained 5 cents or 0.1% to $83.81 a barrel, having finished unchanged the previous session after testing new highs.While China's red-hot power and coal markets have cooled somewhat after government intervention, energy prices remain elevated worldwide as temperatures fall with the onset of the northern winter."Forecasts for a colder November have energy traders bracing for a very tight market that will be met (with) unprecedented demand this winter," OANDA senior market analysts Edward Moya said in a note."This oi...

October 26, 2021 at 5:39 pm | Economic Affairs