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  • Documentary on ‘Buddhist heritage of Pakistan’ launched

    Documentary on ‘Buddhist heritage of Pakistan’ launched

    ‘Gandhara’ is a documentary jointly produced by the High Commission of the Islamic Republic of Pakistan in Sri Lanka and Siddhivinayak Cine Arts (Private) Limited with the support of and in coordination with the Ministry of Buddhasasana, Religious and Cultural Affairs.

    It takes the viewers on a visual journey along the Gandhara Buddhist heritage sites of Pakistan.

    The documentary will be launched on Tuesday at Temple Trees by His Excellency, Prime Mahinda Rajapaksa, in the presence of Venerable Buddhist monks, Cabinet and State Ministers, MPs, ambassadors of Buddhist countries, as well as business, tourism and media fraternity of Sri Lanka.

    One of the Tooth Relics of the Lord Buddha, discovered from the Gandhara region is preserved at Taxila Museum in Pakistan.

    It is the region where the Gandhara Buddhist civilization reached its pinnacle of glory from 1st century AD to the 7th century AD.

    The first anthropomorphic statue of Lord Buddha was created in the region now called Pakistan. Also known for one of the the world’s oldest Buddhist University, Thakshashila, Taxila in Pakistan is home to some of the most sacred Buddhist artifacts found during archeological excavations around the 12th century.

    A sapling from the sacred Bodhi Tree in Anuradhapura, gifted by the government of Sri Lanka to the government of Pakistan, also grows in the gardens of Taxila Museum.

    In order to present this heritage to the Buddhist world in general and Sri Lanka in particular, the idea of “Gandhara: The Buddhist Heritage of Pakistan” was conceived.

    Launched with the blessings of the Prime Minister and Minister of Buddha Sasana, Religious and Cultural Affairs, His Excellency, Mahinda Rajapaksa and the Prime Minister of Pakistan, His Excellency Imran Khan, this documentary will open up new avenues in religious tourism as well as strengthening cultural and people to people ties between the brotherly countries of Sri Lanka and Pakistan.

    With special permission from the Government of Pakistan, both local and foreign technicians including Director, Mateen Saherai & Production Controller Sajjad Mohommad (Gateway To Production, England) from England have contributed to this film.

    The film is based on a screenplay that explores the historical ruins and artifacts captured in a realistic way while also exploring background historical information.

    Ven. Agrahera Kassapa Thero is the Senior Adviser to the entire project. The concept and script has been prepared by the Project Consultant Director, Vidyajothi Prof. Nimal Silva. The film is co-produced by Siddhivinayak Cine Arts (Private) Limited, known for producing, marketing, distribution and exhibition of international films.

    The sound and movie editing is done by local artists. Ms. Kaushalya Wickramasinghe, the Chairperson of Siddhivinayak Cine Arts (Private) Limited mentioned that the film is expected to be screened in local cinemas as well as on local TV channels and abroad in collaboration with international organizations.

    Acting High Commissioner of Pakistan, Tanvir Ahmed said that “Gandhara” was conceptualized with the aim of bringing the peoples of Sri Lanka and Pakistan together through their shared history and heritage.

    Venerable Dr Kirindey Assaji Thero, Chief Incumbent of the Gangaramaya Temple while fondly recalling his visit to the Holy Buddhist Trail in Pakistan organized by the High Commission of Pakistan, gave his blessings for the success of the documentary and closer relations between the two countries.

    ‘Gandhara’ is a documentary jointly produced by the High Commission of the Islamic Republic of Pakistan in Sri Lanka and Siddhivinayak Cine Arts (Private) Limited with the support of and in coordination with the Ministry of Buddhasasana, Religious and Cultural Affairs.

    It takes the viewers on a visual journey along the Gandhara Buddhist heritage sites of Pakistan.

    The documentary will be launched on Tuesday at Temple Trees by His Excellency, Prime Mahinda Rajapaksa, in the presence of Venerable Buddhist monks, Cabinet and State Ministers, MPs, ambassadors of Buddhist countries, as well as business, tourism and media fraternity of Sri Lanka.

    One of the Tooth Relics of the Lord Buddha, discovered from the Gandhara region is preserved at Taxila Museum in Pakistan.

    It is the region where the Gandhara Buddhist civilization reached its pinnacle of glory from 1st century AD to the 7th century AD.

    The first anthropomorphic statue of Lord Buddha was created in the region now called Pakistan. Also known for one of the the world’s oldest Buddhist University, Thakshashila, Taxila in Pakistan is home to some of the most sacred Buddhist artifacts found during archeological excavations around the 12th century.

    A sapling from the sacred Bodhi Tree in Anuradhapura, gifted by the government of Sri Lanka to the government of Pakistan, also grows in the gardens of Taxila Museum.

    In order to present this heritage to the Buddhist world in general and Sri Lanka in particular, the idea of “Gandhara: The Buddhist Heritage of Pakistan” was conceived.

    Launched with the blessings of the Prime Minister and Minister of Buddha Sasana, Religious and Cultural Affairs, His Excellency, Mahinda Rajapaksa and the Prime Minister of Pakistan, His Excellency Imran Khan, this documentary will open up new avenues in religious tourism as well as strengthening cultural and people to people ties between the brotherly countries of Sri Lanka and Pakistan.

    With special permission from the Government of Pakistan, both local and foreign technicians including Director, Mateen Saherai & Production Controller Sajjad Mohommad (Gateway To Production, England) from England have contributed to this film.

    The film is based on a screenplay that explores the historical ruins and artifacts captured in a realistic way while also exploring background historical information.

    Ven. Agrahera Kassapa Thero is the Senior Adviser to the entire project. The concept and script has been prepared by the Project Consultant Director, Vidyajothi Prof. Nimal Silva. The film is co-produced by Siddhivinayak Cine Arts (Private) Limited, known for producing, marketing, distribution and exhibition of international films.

    The sound and movie editing is done by local artists. Ms. Kaushalya Wickramasinghe, the Chairperson of Siddhivinayak Cine Arts (Private) Limited mentioned that the film is expected to be screened in local cinemas as well as on local TV channels and abroad in collaboration with international organizations.

    Acting High Commissioner of Pakistan, Tanvir Ahmed said that “Gandhara” was conceptualized with the aim of bringing the peoples of Sri Lanka and Pakistan together through their shared history and heritage.

    Venerable Dr Kirindey Assaji Thero, Chief Incumbent of the Gangaramaya Temple while fondly recalling his visit to the Holy Buddhist Trail in Pakistan organized by the High Commission of Pakistan, gave his blessings for the success of the documentary and closer relations between the two countries.

  • Pakistan sees 70% rise in diabetes cases in two years

    Pakistan sees 70% rise in diabetes cases in two years

    KARACHI: Ahead of World Diabetes Day, the International Diabetes Federation (IDF) has released new figures showing that the prevalence of diabetes in Pakistan has increased significantly as 33 million adults in Pakistan are now living with diabetes – a 70 per cent increase in past two years or since 2019.

    According to IDF, in 2021, diabetes will be responsible for 400,000 deaths in the country– the highest number in the Middle-East and North Africa Region.

    These findings from the 10th Edition of the IDF Diabetes Atlas, which will be published on December 6th, report that one in four adults (26.7 per cent) in Pakistan are living with diabetes – the highest national prevalence in the world.

    Pakistan now has the third highest number of people living with diabetes in the world, after China (141 million) and India (74 million). An additional 11 million adults in Pakistan have Impaired Glucose Tolerance (IGT), which places them at high risk of developing type 2 diabetes.

    More than quarters (26.9 per cent) of adults living with diabetes in Pakistan are undiagnosed. When diabetes is undetected or inadequately treated, people with diabetes are at risk of serious and life-threatening complications, such as heart attack, stroke, kidney failure, blindness and lower-limb amputation. These result in reduced quality of life and higher healthcare costs.

    IDF says that 537 million adults are now living with diabetes worldwide — a rise of 16 per cent (74 million) since the previous IDF estimates in 2019. “The rapidly rising level of diabetes in Pakistan presents a significant challenge to the health and wellbeing of individuals and families in the country,” says Professor Abdul Basit, Director, Baqai Institute of Diabetology and Endocrinology, Baqai Medical University.

    This year marks 100 years since the discovery of insulin. This milestone presents a unique opportunity to reflect on the impact of diabetes and highlights the urgent need to improve access to care for the millions affected. An estimated 1 in 2 people with diabetes across the world who need insulin cannot access or afford it.

    “We must do more to provide affordable and uninterrupted access to diabetes care for all in Pakistan, and around the world. Policy makers and health decision-makers must turn words into action to improve the lives of people with diabetes and prevent the condition in those at high risk of developing it,” concludes Basit.

    Globally, 90 per cent of people with diabetes have type 2 diabetes. The rise in the number of people with type 2 is driven by a complex interplay of socio-economic, demographic, environmental and genetic factors. Key contributors include urbanisation, an ageing population, decreasing levels of physical activity and increasing levels of overweight and obesity.

    Much can be done to reduce the impact of diabetes. Evidence suggests that type 2 diabetes can often be prevented, while early diagnosis and access to appropriate care for all types of diabetes can avoid or delay complications in people living with the condition.

    In Pakistan, the Diabetic Association of Pakistan has initiated the Diabetes Registry of Pakistan (DROP) and signed MOUs with a selection of provincial ministries and private organizations to ensure the accessibility, affordability and standardization of diabetes care in the country.

    Key global and regional findings from the IDF Diabetes Atlas 10th Edition include:

    One in ten (10.5 per cent) adults around the world are currently living with diabetes. The total number is predicted to rise to 643 million (11.3 per cent) by 2030 and to 783 million (12.2 per cent) by 2045.

    1 in 6 adults (73 million) are living with diabetes in the Middle-East and North Africa Region.

    An estimated 240 million people are living with undiagnosed diabetes worldwide – 27 million in the Middle-East and North Africa Region.

    Diabetes was responsible for an estimated USD 966 billion in global health expenditure in 2021. This represents a 316 per cent increase over 15 years. The Middle-East and North Africa Region accounts for 3 per cent (33 billion USD) of the global expenditure.

    Excluding the mortality risks associated with the COVID-19 pandemic, approximately 6.7 million adults are estimated to have died as a result of diabetes, or its complications, in 2021. That’s more than one in ten (12.2 per cent) of global deaths from all causes. The Middle-East and North Africa Region accounts for 12 per cent (796,000) of total diabetes-related deaths.

    Around 541 million adults, or 10.6 per cent of adults worldwide, have impaired glucose tolerance (IGT), placing them at high risk of developing type 2 diabetes. Almost one in nine (48 million) people affected by IGT live in the Middle-East and North Africa Region.

    The theme selected by IDF for World Diabetes Day – 14 November – is Access to Diabetes Care. IDF is calling on national governments to provide the best possible care for people living with diabetes and develop policies to improve diabetes screening and type 2 diabetes prevention, especially among young people.

    Saudi financial assistance to Pakistan in few days: envoy
  • Saudi financial assistance to Pakistan in few days: envoy

    Saudi financial assistance to Pakistan in few days: envoy

    ISLAMABAD: Saudi Arabia will disburse cash deposits to Pakistan under assistance package pledged on October 26, 2021, Saudi diplomat said on Thursday.

    While talking to the Pakistan’s state media Saudi Ambassador Nawaf Bin Said Al-Malki said Saudi Arabia will disburse cash deposits under the pledged financial assistance after approval of the Royal Court and signing of a Memorandum of Understanding (MoU) in a few days.

    “This will be soon InshaAllah. There will be the agreement from the Royal Court and the MoU will be signed in a few days for the payment, and also for the deferred oil payment [facility],” the Saudi envoy said in an exclusive interview with APP, during his visit to the headquarters.

    Saudi Arabia had recently announced to provide Pakistan $3 billion as a cash deposit with the State Bank to address its balance-of-payments crisis. Also, the Kingdom had pledged a one-year deferred payment facility for the import of oil, worth up to another $1.2 billion.

    Ambassador Al-Malki said the government of Saudi Arabia considered Pakistan as “a dear country” with a very deep and strong relationship.

    He said Saudia Arabia always stood with Pakistan and extended support to it on multiple occasions, adding that the relationship with Pakistan was regardless of any government in power.

    “Our connection is with the Pakistani flag and we consider it our brotherly country,” he said, adding that he saw a “very bright future of Pakistan”.

    The Saudi ambassador mentioned the camaraderie between the Saudi Crown Prince Mohammed Bin Salman and Prime Minister Imran Khan and expressed confidence that the relationship would strengthen in the future.

    In three years, the six visits of PM Imran Khan to the Kingdom reflect the level of relationship, he added.

    The Saudi envoy said Pakistani people loved the Kingdom of Saudi Arabia from the core of their hearts and held in high esteem the Custodian of the holy mosques.

    Saudi Arabia places $3bn with Pakistan’s central bank
  • Pakistan pavilion to be set at China expo

    Pakistan pavilion to be set at China expo

    BEIJING: An online pavilion of Pakistan will be established at 4th China International Import Expo (CIIE), which will be held offline and online in Shanghai from November 5 to 10 this year.

    Pakistan Ambassador to China, Moin ul Haque will lead the Pakistani delegation at the opening ceremony of the Expo.

    A number of Pakistani exhibitors, who are already in China, have geared up their preparations to participate in the upcoming expo.

    They will set up stalls to showcase popular household gadgets from Pakistan to the Chinese market, Pakistan Counsel General, Shanghai, Hussain Haider told state new agency.

    This year, the traders and businessmen from Pakistan are not coming to China owing to travelling restrictions and quarantine in wake of Covid-19 pandemic, he added.

    A few Pakistani enterprises specialized in jewellery design, furniture and artistic handicrafts will attend this year’s expo. Among all the exhibits, stunning gems and jewellery from Pakistan is likely to become a big hit with the Chinese buyers.

    More than 200 exhibitors and over 500 purchasers will be participating in the expo this year. As the first dedicated import exhibition globally, the CIIE has yielded fruitful outcomes from the past three expos.

    Shu Jueting, spokesperson of China’s Ministry of Commerce, said the exhibition area exceeded 360,000 square meters, and the number of signed exhibitors exceeded that of the previous year, adding that over 80 percent of the Fortune 500 and industry-leading companies from last year’s CIIE will participate again in this year’s event.

    According to the customs, more than 200 batches of exhibits are expected to enter the country by sea, air and rail in the coming month.

    Gu Honghui, deputy secretary-general of the Shanghai municipal government, said efforts will be made to ensure the COVID-19 prevention and control is more precise, urban service more refined, and the spillover effect of the CIIE brand more prominent during the expo.

    Pakistan spends $1 billion for vaccines in first quarter
  • Pakistan eyes eight million annual automobile production

    Pakistan eyes eight million annual automobile production

    BEIJING: Moin ul Haque, Pakistan Ambassador to China, on Wednesday said that Pakistan is planning to enhance automobile annual production from 0.25 million to eight million units during next five years.

    “It is a bit ambitious target but it is possible to achieve this target due to the yearly growth in production as well as interest showed by different automobile companies from across the world especially from China which plans to invest in Pakistan,” he said while addressing Pakistan Automobile Industry Roundtable Seminar held at Pakistan Embassy, Beijing.

    The representatives of over 50 renowned automobile companies from different parts of China attended the seminar.

    While addressing the participants, the ambassador said that a number of the Chinese companies are already in Pakistan in automobile manufacturing sector while up to 10 new companies have showed interest to invest in Pakistan and are in the process of having joint ventures with their local partners in the private sector.

    He informed that the government is formulating a new and very attractive automobile sector policy which will be announced soon, adding, more incentives and concessions in taxes are likely to be offered in the new policy.

    Ambassador Haque said that automobile companies including manufacturers of energy vehicles from China will be invited to set up their plants both in the Greenfield and Brownfield sectors.

    Giving details about the automobile sector in Pakistan, he said that the automobile is the fastest growing sector in Pakistan because of the large demand in view of the population which is close to 220 million people.

    In the past, the Japanese manufacturers had set up their production units but in the recent times the Chinese automobile companies also started looking at the opportunities available in Pakistan.

    He said that China is now becoming one of the leaders of automobile manufacturer in the world with very high quality products and expressed the pleasures that the Chinese companies have also entered to the Pakistani automobile market.

    While sharing the opportunities under the China Pakistan Economic Corridor (CPEC), he said that the flagship project of the Belt and Road Initiative (BRI) has entered into the second phase which is focusing industrialization, science and technology and agriculture sectors.

    “We are setting up special economic zones where we are inviting the Chinese investors to come and set up their manufacturing units,”he added.

    Ambassador Haque said that special incentives and policies have been announced for the Chinese companies and so far close to 100 Chinese companies have already established are in the process of establishing their units in the special zones.

    He said that the infrastructure like roads, highways and communication network is being upgraded in Pakistan and invited the Chinese companies to take advantage of all these incentives and expand their presence.

    Welcoming the representatives of the automobile companies, Commercial Counselor, Badar uz Zaman said that the new automobile policy for years 2021 to 2026 will soon be announced offering more incentives and benefits to local and foreign investors.

    He informed that under the current automobile a number of new companies particularly Chinese manufacturers entered in Pakistani market.

    Badar said that a number of Chinese companies are already setting up their businesses in Pakistan while some new companies are keen to invest in Pakistan owing to investment friendly policies offered by the present government.

    He informed the companies that government has formulated rules and regulations which support the foreign investment in Pakistan.

    Badar also shared details of the incentives, concessions in the taxation and easy repatriation of profits.

    “Many local companies listed with the stock exchange are very keen and are looking forward to the Chinese partners for the joint ventures,” he added.

    He said that there are over 600 auto parts manufacturers who are also supplying the parts to the existing players, adding, “We offer very comprehensive auto financing policies and the banks are very active.

    And the amount that has been financed in cars is three times more than the housing finance in Pakistan.”

    The commercial counsellor also shared with the companies details of concessions on taxes, duties and particularly cheap labour.

    He said that in the current global scenario when there is a supply chain shock, and it is difficult to move things from one place to another place, it is right time for the Chinese investors to take advantage of Pakistan location, low wages and other benefits.

    Later, representatives of the companies who are already operating in Pakistan shared their experiences and put forward some useful proposals.

    Some new companies which plan to enter into Pakistani automobile industry asked questions and more details about the policies.

    The representatives of Anhui Jianghuai Automobile Group, Beijing Henrey Auto, Hozon New Energy Automobile, BAIC Intl, Great Wall Motor Company, Beijing Sanxing Automobile, Foton Motor Group, Tianjin Tianqi Group Meiya Automobile, Zhongtong Bus Holding Co., Youtong Bus, Dongfeng Motor Company, Jiangxi Jiangling Motor, Xiamen Golden Dragon Bus Co., Liaoning Aerospace Automobile Co., Wolkswagen Group, Geely Automobile International Corporation and others attended the seminar.

    Car sales surge by 58% in September 2021
  • Pakistan assures World Bank of reforming power sector

    Pakistan assures World Bank of reforming power sector

    ISLAMABAD: Pakistan on Thursday assured the World Bank of taking measures to reform the power sector in the country with special focus on reducing circular debt.

    Federal Minister for Finance and Revenue Shaukat Tarin held a meeting today with Axel van Trotsenburg, Managing Director World Bank and the Bank’s Pakistan team at the World Bank Headquarters in Washington DC.

    Dr. Asad Majeed Khan, Ambassador, Dr. Murtaza Syed, Deputy Governor SBP and Mr. Naveed Kamran Baloch, Alternate Executive Director, World Bank were also present.

    Omar Ayub Khan, Federal Minister for Economic Affairs and Mohammad Hammad Azhar, Federal Minister for Energy joined the meeting virtually from Islamabad, says a press release received here from Washington DC.

    The finance minister appreciated the Bank’s support to Pakistan over the decades and acknowledged the continuing support being extended to Pakistan.

    He highlighted the measures taken by the Government to accelerate completion of projects funded by the Bank which were in the pipeline, with special focus on agriculture, housing and construction sectors.

    The finance minister assured that the Government was also keen to reform the power sector in the country with special focus on reducing circular debt.

    The finance minister reiterated that the government is fully committed to implementing structural reforms, protecting social spending and boosting social safety nets in order to protect the vulnerable segments of the society.

    Minister for Energy Hamad Azhar shared the measures being taken by the Government to reform the power sector and rationalize power sector subsidies.

    MD Axel van Trotsenburg informed the delegation on the importance that the Bank places on cooperation with Pakistan and said that the Bank was looking forward to continuing the bilateral cooperation in the future.

    He said that the Bank was partnering with Pakistan in implementing one of the largest programme by the Bank for Pakistan and acknowledged that a lot of progress has been made on implementation of structural reforms in various sectors.

    MD Axel van Trotsenburg also conveyed gratitude and appreciation for the Government’s assistance in the timely and efficient transiting of the Bank’s staff from Kabul.

    World Bank appoints Najy Benhassine as country director for Pakistan
  • Turkey eases COVID restriction for Pak travelers

    Turkey eases COVID restriction for Pak travelers

    ISLAMABAD: Turkish Government has further eased quarantine regulations for Pakistani nationals intending to travel to Turkey.

    Announced on September 2, these regulations will become effective from September 4, says a press release received here on Friday Ankara.

    Irrespective of vaccination status, all passengers will submit a negative PCR test result that should be made at most 72 hours before their entry into Turkey.

    As per the new regulations, passengers arriving from Pakistan who will have documentary proof of COVID-19 vaccination will be exempted from quarantine.

    Such vaccination should be of two doses approved by the World Health Organization (except for Johnson & Johnson which is a single dose).

    Quarantine exemption will be applied to those vaccinated whose last dose was administered at least 14 days before their travel.

    Pakistani travelers who cannot provide proof of vaccination will be quarantined in their residences or addresses that they will declare, tourists will quarantine at their booked hotels.

    They will be PCR tested on the 10th day of the quarantine period and in case of a negative result, the quarantine application will be terminated.

    The persons who do not take a PCR test on the 10th day will be kept under quarantine for 14 days. In case the test results are positive, the case will be dealt with as per the guidelines of the Turkish Ministry of Health.

    Before the Turkish Government announced these revised regulations, the Pakistan Embassy was in constant touch with the relevant Turkish authorities, sharing the status of vaccination and measures in place in Pakistan for controlling the spread of COVID-19 infections.

    The Pakistan Missions in Turkey are available to assist our nationals to the best of our abilities. An English translation of the complete notification of the Ministry of Interior of the Turkish Republic is attached for reference.

    Turkey allows quarantine at dormitories for Pak students
  • Textile exporters urge allowing cotton import from India

    Textile exporters urge allowing cotton import from India

    KARACHI: Textile exporters have urged the government to allow import of cotton and cotton yarn from India and other countries through land routes.

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  • Korea to enhance Pakistan financing to $1 billion

    Korea to enhance Pakistan financing to $1 billion

    ISLAMABAD: The Korean EXIM Bank will sign a new framework arrangement with Pakistan (2022-2026) for enhancing financing to $1 billion.

    A high-level Korean Delegation, led by Chong Hwa Lee, Director General, Ministry of Economy & Finance, Republic of Korea called on the Minister for Economic Affairs Omar Ayub Khan in his office during their 2-days visit to Islamabad.

    The Korean delegation informed that EXIM Bank would soon sign a new Framework Arrangement with Pakistan (2022-26) for enhancing existing level of financing from $ 500 million to $ 1 billion for implementing new projects in road sector, climate change, healthcare and IT Sector development.

    H.E. Suh Sangpyo, Ambassador of the Republic of Korea in Islamabad and representatives of Korean EXIM Bank also participated in the meeting.

    The Minister for Economic Affairs appreciated the role played by EXIM Bank for financing various development projects in Pakistan. The Minister expressed that Pakistan desired to implement more development projects in IT, social sector and infrastructure under Korean financing facilities.

    “The mobilization of financial resources from the Exim Bank would contribute in social and economic development of Pakistan”, the minister added.

    At present, five development projects i.e. Technology Park in Islamabad, Kalkatak-Chitral Road, Chakdara-Timergara Road, Malakand Tunnel and Children Hospital in Sukkar are under implementation with US$ 343 million financing by EDFC/EXIM Bank of Korea.

    The Minister for Economic Affairs appreciated the Korean government for their enhanced support for various development projects and disaster management including combating COVID-19 pandemic and locust in Pakistan.

    On the sidelines of meeting, a loan agreement for establishment of IT Park in Karachi was also signed.

    The total cost of project is around US$199 million. Out of which, the EXIM Bank Korea will provide US$158 million.

    This project is aimed at providing IT enabled high tech infrastructure wherein IT companies can work together by leveraging each other’s expertise, foster industry-academia cooperation and promote entrepreneurship in Pakistan.

    The IT Park will provide state-of-the-art modern infrastructure to national and international IT firms for establishing their office in Karachi.

    The financing agreement was signed by Zulfiqar Haider, Secretary, EAD and Chong Hwa Lee, Director General, Korea.

    During this visit, both sides also held Policy Dialogue under EDCF Framework in Economic Affairs Division. Mr. Zulfiqar Haider, Secretary EAD welcomed the delegation and expressed that Government of Pakistan attached great importance for its relations with Republic of Korea and appreciated the efforts made by Korean Exim Bank for financing potential projects in healthcare, road infrastructure development, IT Sector and mitigating climate change.

    Both side discussed future roadmap for mobilizing financing for potential projects and ways for expediting implementation of projects.

    Chong Hwa Lee, Director General, Ministry of Economy & Finance of Korea thanked Pakistani-side for their hospitality and informed that Government of Republic of Korea would continue its endeavors for mobilizing financial & technical resources for development projects in Pakistan.

    Korea extends $500 million concessional loan to Pakistan
  • Pakistan signs pact to build SCO e-commerce platform

    Pakistan signs pact to build SCO e-commerce platform

    Pakistan has taken a significant step towards strengthening digital ties with Shanghai Cooperation Organization (SCO) member states by signing a Memorandum of Understanding (MoU) on Building a Cross-border E-commerce Platform.

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