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National economy top priority: Fawad

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Pakistan's stature improved globally due to mature response

LONDON: Minister for Information and Broadcasting Chaudhry Fawad Hussain has reiterated his government’s commitment to uproot corruption and regulate the remittances for curbing money laundering.
He stated this while delivering a lecture at Oxford University on important national, regional and international issues here the other day. The lecture was organized by Oxford South Asian Society along with Oxford Pakistan Society. A large number of students from various academic disciplines attended the event. The minister said that the purpose of his visit to Oxford University was to develop linkages with student community and academic institutions as per the vision of Prime Minister Imran Khan about youth. In this regard, the minister said, the government would offer internships to the students from top universities of the world to various academic institutions of Pakistan. The Information Minister on the occasion gave a historical overview of important national and regional developments that shaped up socio-economic and political contours of Pakistan during the last seven decades.
The minister said the conflict in the region had a negative impact on the social fabric and economy of Pakistan, yet Pakistan survived due to its inherent and unparalleled resilience.The minister said that the present government led by Prime Minister Imran Khan was especially focusing on the revival of the national economy. The minister said Pakistan needs to overcome its trade deficit for which the government was embarking upon industrialization by setting up special industrial zones in the country.
Responding to the questions of students, the minister effectively debunked the myths and negativity associated with China Pakistan Economic Corridor (CPEC) in the Western media and termed it a great economic project for the prosperity of the entire region. Fawad Chaudhry said civil and military institutions were working in complete harmony due to which 70 years old paradigm of foreign policy was shifting, and the opening of Kartarpur Corridor was one of its manifestations. The minister stated that understanding between civil and military institutions was imperative for the continuity of policies as “it happens in developed democracies”.
In reply to questions regarding India, Pakistan relations, the minister said the dialogue was the only way forward to resolve all issues with India including Kashmir dispute. The minister hoped that after its upcoming elections, India would seriously consider Pakistan’s offer of dialogue to resolve issues including core Kashmir issue. “Pakistan wants peace within and peace outside. In this regard we are fighting extremism in our country and are willing to play our role in bringing peace and stability in Afghanistan”, he remarked. The minister on the occasion shared with the participants that big foreign companies of US, UAE, Saudi Arabia and from other countries have shown keen interest to invest billions of dollars in various sectors of Pakistan’s economy. The minister said, “transparency and rule of law are Prime Minister Imran Khan’s priorities”. Responding to some searching questions of the students about freedom of expression, the minister said Pakistan has the free media and the present government removed all censorship on state media from the very outset.
The minister, however, underlined the need for developing an international regulatory regime to end incitement to violence and hate speech on social media. Regarding rights of overseas Pakistanis, the minister said that the government was working on enhancing the participation of overseas Pakistanis in the economic and political affairs of the country and benefiting from their experience and expertise in various fields. Students on the occasion shared with the minister that one thing for which present government was famous abroad was its resolve to eliminate corruption from the country.

 

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Asia

Tokyo bourse closes in the green

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Tokyo stocks gain on bargain-hunting

TOKYO: Shares edged up today with investors expressing relief as US President Donald Trump appeared to take a softer stance on his thorny trade dispute with Japan.
The key Nikkei 225 index rose 0.31 percent, or 65.36 points, to close at 21,182.58, while the broader Topix index was up 0.38 percent, or 5.79 points, at 1,547.00.
“Players were relieved as President Trump did not take a tough stance on the US-Japan trade issue,” Daiwa Securities chief technical analyst Eiji Kinouchi told AFP.
After a fun-filled weekend of golf and sumo, Trump and Japanese Prime Minister Shinzo Abe held formal talks Monday, with trade and tensions with North Korea topping the agenda.
Ahead of their talks, Trump hinted that tough negotiations on their bilateral trade could wait until after July elections in Japan.
Trump tweeted: “Great progress being made in our Trade Negotiations with Japan. Agriculture and beef heavily in play.”
In remarks after the closing bell, Trump also told reporters: “We hope to have even more to announce on the trade, very very soon.”
The dollar fetched 109.52 yen in Asian afternoon trade, against 109.29 yen in New York late Friday.
In Tokyo, Nissan was up 0.97 percent at 747.8 yen after news that its French alliance partner Renault and Italian-US auto giant Fiat Chrysler are weighing a potential merger.
Its rival Toyota gained 0.79 percent to 6,554 yen while Honda was down 1.11 percent at 2,759 yen.
Takeda Pharmaceutical jumped 2.46 percent to 3,942 yen while telecom and investment firm SoftBank Group was up 1.65 percent at 10,465 yen.

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Business

Dep. PM of Uzbekistan arrives in Islamabad

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ISLAMABAD: Deputy Prime Minister of Uzbekistan Elyor Ganiev has arrived here today on a two-day visit to Pakistan.

Elyor Ganiev is accompanied by a high-level delegation comprising Deputy Ministers for Investment and Foreign Trade, Transport and other senior officials.

He is scheduled to meet a number of Federal Ministers and Advisers. He will hold consultations with Foreign Minister Shah Mahmood Qureshi. The talks will focus on discussing ways and means to further bolster the bilateral relations between Pakistan and Uzbekistan.

A relevant piece published earlier: 

Uzbek deputy PM due today on two-day visit

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Asia

Govt. to further strengthen Sino-Pak partnership

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ISLAMABAD: Foreign Minister Shah Mehmood Qureshi has expressed the govt’s commitment to further strengthen Sino-Pak strategic partnership.

He was addressing Friends of Silk Road Forum organized in honor of visiting Chinese Vice President Wang Qishan here today.

The Foreign Minister said both countries are observing 2019 as a year of mutual relations and it is expected that people to people contacts will reach a new level.

Shah Mehmood Qureshi said CPEC has helped to strengthen bilateral relations and take economic and social development to new heights.

He said the CPEC has entered into its second phase which focuses on industrial, social and economic cooperation. He expressed the confidence that Special Economic Zones will pave way for the progress of Pakistan.

Foreign Minister said the government has a special focus on poverty alleviation, industrial development, education, technology, scientific innovation, and agricultural development.

He said both the countries have common thinking of improving the living standard of their people. He hoped that the development target will be achieved by mutually harnessing the capabilities of the two countries.

Foreign Minister paid rich tributes to the services of the Chinese Vice President in promoting the strategic partnership between the two countries. 

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A relevant piece published earlier:

Vice President of China arrives in Islamabad

 

 

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