IMF, ADB recognize economic stabilisation reforms by Pakistani Govt

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IMF, ADB recognize economic stabilisation reforms by Pakistani Govt

Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and Revenue, alongwith his delegation in a meeting with various global financial institutions informed about the overall state of Pakistan economy.

Pakistani delegation, which includes State Bank of Pakistan Governor Reza Baqir and Finance Secretary Naveed Kamran Baloch, held an extensive meeting with Asian Development Bank (ADB) President Takehiko Nakao to exchange views on the ongoing projects sponsored by ADB in Pakistan as well as the planned portfolio.

ADB President Nakao said that the ADB was an important financial partner of Pakistan and acknowledged the current structural reforms undertaken by the government for economic stabilisation.

The Pakistani delegation also met IMF Director Middle East and Central Asia Department (MCD) Jihad Azour and discussed the implementation of the ongoing IMF programme.

Speaking on the occasion, the IMF director appreciated the progress Pakistan had made towards economic stabilisation as well as the government’s commitment to the reform process.

Kamyab Jawan Program by PTI govt breaks all previous records

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Kamyab Jawan Program by PTI govt breaks all previous records

PTI govt launched Kamyab Jawan program on 17 October. Aim of this program is to disburse loan on easy terms to youth of Pakistan so that they can start a business or become self-employed instead of searching for jobs.

It has been reported that Kamyab Jawan Program has broken all previous records since it’s launch. In 72 hours of it’s launch 18 lac people have visited Kamyab Jawan website and 1 lac 90 thousand applications have been received in just 72 hours.

As it’s easy to apply online at website in just 5 minutes instead of standing in queue so more people are taking benefit from it.

Previously PML(n) launched Youth Loan scheme, stats show that Youth Loan scheme of PML(n) received 90 thousand applications in 5 years.

So, with comparison, Kamyab Jawan Program is way more popular among youth as compared to PMLn Youth Loan Scheme.

Special Assistant to Prime Minister on Youth Affairs, Usman Dar, encourages youth to benefit more from this program.

Mahathir Mohammad anticipates trade sanctions against Malaysia

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Mahathir Mohammad anticipates trade sanctions against Malaysia

According to Reuters Malaysian Prime Minister Mahathir Mohamad said on Monday his exports-reliant country could be hit with trade sanctions amid rising protectionism highlighted by the U.S.-China tariff war.

Although Mahathir did not mention the source of possible sanctions on the Southeast Asian country but said he was disappointed that proponents of free trade were now indulging in restrictive trade practices on a “grand scale”.

“Unfortunately, we are caught in the middle,” he told a conference in the capital Kuala Lumpur, referring to the U.S.-China trade war.

“Economically we are linked to both markets, and physically we are also caught in between for geographical reasons. There are even suggestion that we ourselves would be a target for sanctions.”

The United States and China were two of the three biggest export destinations for Malaysia between January and August this year. Singapore was the top destination.

To cushion the impact of the collision between the superpowers, Mahathir said Malaysia was collaborating more with its regional neighbors.

Mahathir also complained of being bullied by powerful nations, referring to a campaign by European countries against Malaysia’s agricultural mainstay of palm oil. The edible oil contributed 2.8% of Malaysia’s gross domestic product last year and 4.5% to total exports.

“Having cleared most of their forests and refusing to reduce their noxious emissions, they now try to impoverish the poor by preventing them from clearing their forest for living space and earning a living,” he said.

After Turkey’s bold stance on Kashmir issue, Modi cancels Turkey visit

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After Turkey’s bold stance on Kashmir issue, Modi cancels Turkey visit

Indian Prime Minister (PM) Narendra Modi has decided to cancel his two-day official visit to Turkey after Turkish President Recep Tayyip Erdogan openly raised occupied Kashmir issue at United Nations General Assembly (UNGA) and backed Pakistan at the Financial Action Task Force (FATF) meet in Paris.

Narendra Modi was scheduled to pay a two-day official visit to Ankara at the end of this month (October) following visit to Saudi Arabia, where he is going on October 27-28 to attend a mega investment summit.

But after observing Erdogan’s strong backing of Pakistan on Kashmir and highlighting widespread human rights violations in Indian Occupied Kashmir during his speech at the UN General Assembly last month India is not feeling good about that.

Kartarpur Corridor: Pakistan starts registration for Sikh pilgrims

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Kartarpur Corridor: Pakistan starts registration for Sikh pilgrims

The registration process has begun for Sikh pilgrims who intend to visit Pakistan’s Kartarpur on the 550th Birth Anniversary of Baba Guru Nanak, as Kartarpur Corridor enters it’s final phase of completion.

Imported marble has been used on the floor of the shrine that is spread on 10 acres. Fire extinguishers, sound systems and CCTV security cameras have been installed at the site. Construction process and painting of the shrine has been completed and electricity has been supplied to the site from Shakar Garh’s grid station.

Imported marble has been used on the floor of the shrine that is spread on 10 acres. Fire extinguishers, sound systems and CCTV security cameras have been installed at the site. Besides, construction of temporary guesthouses and a border terminal building has also been completed.

Prime Minister Imran Khan will inaugurate the project on November 9, three days before the 550th birth anniversary Baba Guru Nanank that will be celebrated on November 12.

Prime Minister Imran Khan, in a message shared on social media on Sunday, reiterated that the work on the Kartarpur Corridor has entered last stage.

He further mentioned that Sikhs from all countries will travel to the world s largest Gurdwara. “This Gurdwara will strengthen local economy […] many jobs will also be created in travelling, religious tourism and hospitality sectors,” he stated. “Buddhists have also been coming to visit different religious spots in Pakistan.” 

Importantly, Pakistan had accepted India’s demand of facilitating visa-free movement of 5,000 Sikh pilgrims per day, and now they will have to just obtain a permit to visit Kartarpur.

Pak Army responds effectively to Indian Aggression across LOC, 9 Indian Soldiers killed

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Pak Army responds effectively to Indian Aggression across LOC, 9 Indian Soldiers killed

Nine soldiers of the Indian army were killed and many others injured when Pakistan Army troops “effectively responded” to the latest Indian ceasefire violations, deliberately targeting civilians, in Jura, Shahkot and Nousehri sectors along the Line of Control, the director general of the Inter-Services Public Relations (ISPR) said on Sunday.

According to a tweet by the ISPR chief, one soldier of Pakistan Army and three civilians embraced martyrdom. Besides, two soldiers and five civilians sustained injuries in an exchange of fire.

Two bunkers of the Indian army were also destroyed in firing by Pakistani troops.

In another tweet, the ISPR stated: “Targeting innocent civilians by Indian Army is an attempt to justify their false claims of targeting alleged camps. Injured civilians evacuated to District hospitals. UNMOGIP as well as domestic & foreign media have open access to AJK, a liberty not available in IOJ&K.”

He further tweeted that “Indian Army shall always get befitting response to CFVs [ceasefire violations]. Pakistan Army shall protect innocent civilians along LOC & inflict unbearable cost to Indian Army. Indian lies to justify their false claims & preparations for a false flag operation will continue to be exposed with truth,”

Azadi March: Govt committee will meet JUI(F) on Sunday

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Azadi March: Govt committee will meet JUI(F) on Sunday

Dunya News reported that The government committee formed to negotiate with JUI-F over Azadi March has made its first official contact.

Chairman Senate Sadiq Sanjarani called JUI-F leader Maulana Abdul Ghafoor Haidri to discuss Azadi March.

As per details, both leaders decided to meet on Sunday at Haidri’s residence.

JUI-F’s Haidri has confirmed the contact, adding that the doors of talks were never closed. He said final decision in this regard would be taken by Maulana Fazlur Rehman.

He further said the responsibility of talks can be given to opposition’s rehbar committee.

Responding to opposition’s repeated demand for Prime Minister Imran Khan to step down, Defence Minister Pervaiz Khattak on Saturday clarified that the premier’s resignation is out of question.

Addressing a press conference in Islamabad, the minister once again extended offer of dialogue to the opposition parties, adding that they should not make any hue and cry afterwards.

Earlier, Pervaiz Khattak said all opposition parties would be consulted on Azadi March of JUI-F. He hoped that the issues would be resolved through dialogue and government’s writ would be implemented.

Khattak, who is the head of committee formed to hold dialogue with JUI-F over Azadi March, said PTI during its sit in never closed dialogue, adding that we are democratic people and would solve issues through talks.

Imam Husain’s Chehlum being observed today across Pakistan

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Imam Husain’s Chehlum being observed today across Pakistan

Imam hussain’s Chehlum is being observed today (Sunday) with religious zeal, fervour and solemnity across Pakistan.

Mourning processions are scheduled to be taken out in various major cities with the participation of thousands of mourners. Mobile services will also be suspended along the routes of processions taken out in various cities, owing to security concerns.

Traffic police have been directed to make alternative route plan for the public to ensure smooth flow of traffic on roads of the cities during processions.All the small roads and lanes leading to the routes of Chehlum processions will be blocked to stop unwanted entry. Walkthrough gates have been installed at several entry points of the Chehlum processions and the monitoring of the procession would be done through CCTV cameras.

Strict security measures are made to prevent any untoward incident as police, rangers and gents scouts are deployed along the routes of the processions. Sabeels (stalls for refreshment drinks) will be set up as per years old tradition. Officials of Rescue 1122 and health department would remain alert during the course of processions.

U.S. committed to peace and stability in Afghanistan : Pompeo

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U.S. committed to peace and stability in Afghanistan : Pompeo

KABUL: U.S. Secretary of State Mike Pompeo said on Saturday Washington remained committed to peace and stability in Afghanistan as police searched for bodies in the rubble of a mosque in eastern Nangarhar province where bomb blasts killed at least 69 people.

Pompeo said in a statement that “The United States remains committed to peace and stability in Afghanistan, and will continue to fight against terrorism. We stand by the people of Afghanistan who only want peace and a future free from these abhorrent acts of violence.”

Sohrab Qaderi, a member of Nangarhar’s provincial council, said the mosque, with a capacity of more than 150 worshippers at a time, was full of people when the bombs exploded.

 “Bodies of 69 people, including children and elders, have been handed to their relatives,” Qaderi said, adding that more bodies could be lying under the rubble.

Constitution does not allow any stick-wielding militia, says FM Qureshi

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Constitution does not allow any stick-wielding militia, says FM Qureshi

Foreign Minister Shah Mehmood Qureshi has, on Saturday, said that every citizen holds right to stage protest but the constitution does not allow any stick-wielding militia.

He further stated that Prime Minister Imran Khan’s step to form a committee to hold talks with Jamiat Ulema-e-Islam-Fazl (JUI-F) should be taken positively as negotiations cannot be ruled out of politics.

“PM Imran wants peace in the region that is why he visited Iran and Saudi Arabia to mediate talks between both countries. Stability in the region is inevitable for the economic growth.

“There is no chance of martial law in Pakistan as the democracy will flourish in the country.

“India badly failed in pushing Pakistan into the Financial Action Task Force (FATF) black list owing to Islamabad’s diplomatic efforts. India’s foreign minister appealed all countries to oppose Pakistan.”

“Pakistanis understand the situation of Kashmir and will not become a part of anarchy.”

“Pakistan Tehreek-e-Insaf (PTI) will form government in Sindh in next elections, and by-election in Larkana has shown a glimpse of that.” 

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