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October 4,2021Islamabad(Press Release)King Salman Humanitarian Aid and Relief Center (KSRelief) has launched a project to distribute 29,000 winter kits among poor and deserving people living in Balochistan in collaboration with NDMA, Balochistan Government and with the help of distribution partner. 10,000 winter kits will distribute in district harnai which is recently affected with earthquake. No of 2100 kits will distribute among North Waziristan IDPs living in Bakakhail TDP Camp. In a press statement issued by the Saudi Embassy here,each package comprises 2 Quilts, men's and women's shawls, 10 pairs of socks for men women and children, 4 Children Cap, 4 Children Maflars and 4 men's and women's warmers for needy families living in the co...

November 5, 2021 at 11:47 am | Economic Affairs

AgenciesHONG KONG, Nov 5 — Asian markets were mixed Friday following the previous day's gains, with eyes on the release of key US jobs data later in the day, while investors are also assessing the outlook for central bank monetary policy in the face of surging inflation.Friday's gains came after a recent heavy retreat in prices following news that Iran nuclear talks were progressing and could lead to the removal of sanctions barring the sale of Tehran's crude on world markets.Equities around the world enjoyed a healthy run-up Thursday after the Federal Reserve finally announced its plan for tapering the vast bond-buying programme that has provided crucial support since it was put in place at the start of the pandemic.The news removed a l...

November 5, 2021 at 11:45 am | Economic Affairs

AgenciesNov. 04— Gold prices bounced back from a three-week low on Thursday as the dollar weakened after the US Federal Reserve approved plans to unwind its stimulus programme this month while retaining low interest rates for some time.Spot gold was up 0.3% at $1,774.11 per ounce, as of 0106 GMT, after touching its lowest since Oct. 13 in the previous session.The dollar index slipped 0.2% overnight and was trading little changed at 93.847 in early Asia trading.The Fed said it would start trimming its monthly bond purchases in November with plans to end them in 2022, and held to its belief that high inflation would prove "transitory" and likely not require a fast rise in interest rates.Gold, which pays no interest, tends to benefit when i...

November 4, 2021 at 2:43 pm | Economic Affairs

AgenciesCANBERRA, Nov. 04— US wheat futures rose on Thursday, hovered near nine-year highs touched earlier this week on concerns about global supplies amid robust demand.The most active wheat futures on the Chicago Board Of Trade were up 0.6% at $7.86 a bushel as of 0319 GMT, having closed 1.3% lower on Wednesday.Wheat hit a December 2012 high of $8.07 a bushel on Tuesday."The fundamentals remain very sound. There are question marks about Black Sea and South America production and that means stronger prices," said Phin Ziebell, agribusiness economist at National Australia Bank.Corn edged higher, drawing support from wheat, while soybeans edged lower.Most of the sprouted Ukrainian winter grain crop is in good or satisfactory condition, wh...

November 4, 2021 at 2:41 pm | Economic Affairs

November 1,2021Islamabad (Press Release)Foreign Secretary Sohail Mahmood received Special Representative of Australia on Afghanistan, Mr. Daniel Sloper, today.During the meeting, the Foreign Secretary shared Pakistan’s perspective on the latest developments in Afghanistan and the way forward.Foreign Secretary Sohail Mahmood highlighting that the latest situation provided an opportunity to end the 40-year long conflict in Afghanistan, underscored the importance of international community’s sustained engagement to help promote the shared objectives of a peaceful, stable, sovereign and prosperous Afghanistan. While noting that it was encouraging to see the international community constructively engaging with Afghanistan, he also cautioned...

November 1, 2021 at 11:51 pm | Economic Affairs

November 1,2021Vienna(Press Release)Pakistan highlights it’s success story about safety and security standards in the field of radioactive waste managementPakistan organized an event on the sidelines of the International Conference on Radioactive Waste Management which opened at the headquarters of the International Atomic Energy Agency (IAEA) in Vienna today.Pakistan’s Permanent Representative to the UN Organizations is Vienna Ambassador Aftab Ahmad Khokher made opening remarks at the event. He said that safe and secure management of the radioactive waste was of fundamental importance to ensure that our societies continued to benefit from the peaceful uses of atomic radiation while being protected from its harmful aspects. He stated t...

November 1, 2021 at 11:49 pm | Economic Affairs

ISLAMABAD, Oct 31 (APP): Prime Minister Imran Khan said that owing to their complementarities in the socioeconomic fundamentals, Saudi Arabia’s Vision 2030 provided opportunities to Pakistan to engage with Saudi Arabia in realizing Naya Pakistan’s ambitious plan. “I must say that there are significant complementarities in the socio-economic fundamentals of the “Naya Pakistan” and the Saudi Vision 2030. Both lay emphasis on economic opportunity and diversity, domestic growth, modernization and development, and trade linkages and connectivity,” the prime minister said in an interview with Saudi Arabia’s Al-Riyadh newspaper published Sunday.  The prime minister said Pakistan could contribute manpower; both skilled and...

November 1, 2021 at 12:48 pm | Economic Affairs

PESHAWAR, Oct 31 (APP): Speaker National Assembly Asad Qaiser Sunday said that Pakistan is playing a crucial role in the establishment of durable peace in Afghanistan and urged the world community to promote cooperation with it in all sectors including trade. Addressing a public meeting at Marghuz, district Swabi, the Speaker National Assembly said that the restoration of peace in Afghanistan will usher progress and development in the whole region. He said that our businessmen will get access to the market of Central Asian States and help promote business activities. Besides, CM Mahmood Khan, Federal Minister, Murad Saeed, Provincial Ministers Shahram Khan Tarakai, Taimur Saleem Jhagra and MPA Aqibullah were also present on the oc...

November 1, 2021 at 12:47 pm | Economic Affairs

ISLAMABAD, Oct 31 (APP): Prime Minister Imran Khan said that owing to their complementarities in the socioeconomic fundamentals, Saudi Arabia’s Vision 2030 provided opportunities to Pakistan to engage with Saudi Arabia in realizing Naya Pakistan’s ambitious plan. “I must say that there are significant complementarities in the socio-economic fundamentals of the “Naya Pakistan” and the Saudi Vision 2030. Both lay emphasis on economic opportunity and diversity, domestic growth, modernization and development, and trade linkages and connectivity,” the prime minister said in an interview with Saudi Arabia’s Al-Riyadh newspaper published Sunday.  The prime minister said Pakistan could contribute manpower; both skilled and...

November 1, 2021 at 12:46 pm | Economic Affairs

ISLAMABAD, Oct 31 (APP): Vietnam Ambassador to Pakistan, Nguyen Tien Phong on Sunday said that Pakistan has huge trade and investment opportunities in Association of South East Asian Nations (ASEAN’s) US$ 3 trillion economy for increasing the bilateral trade and economic ties. With ASEAN’s US$ 3 trillion economic power and a large market of 650 million people in the region, the mutual US$7 billion trade between ASEAN and Pakistan is far below its potential, the Ambassador said this while addressing to the Pakistan ASEAN Business Forum, organized by United Business Group (UBG) of Federation Pakistan Chamber of Commerce and Industry (FPCCI) here. Ambassador said that Pakistan is a huge market with a Gross Domestic Product (...

November 1, 2021 at 12:43 pm | Economic Affairs

October 29, 2021Dhaka(Press Release)High Commission for Pakistan, Dhaka organized an event today to observe “Kashmir Black Day.” Members of Pakistani diaspora, academics, and local journalists participated in the event.Messages of the President, Prime Minister and Minister for Foreign Affairs of Pakistan were read out on the occasion.In their messages, President of Pakistan Mr. Arif Alvi and Prime Minister of Pakistan Mr. Imran Khan paid tributes to brave Kashmiri people for their resolute struggle against India’s illegal occupation and atrocities.In his message, Foreign Minister Makhdoom Shah Mahmood Qureshi expressed solidarity with the people of IIOJK and reaffirmed Pakistan’s abiding commitment to the Kashmir cause until the re...

October 29, 2021 at 10:59 pm | Economic Affairs

October 29,2021Islamabad ( Press Release) Federal Ministers for the Commerce Abdul Razaq Daud has said that the Second Pakistan Africa Trade Development Conference (PATDC) will be held at Lagos in Nigeria from 23 to 25 November 2021, along with a Single Country Exhibition. In an statement it is stated that this is the follow-up to the First PATDC held in Kenya in 2020. More than 100 companies from Pakistan are participating in the event. Ministry of Commerce (MOC) is committed to geographic and product diversification of exports.

October 29, 2021 at 12:27 pm | Economic Affairs

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