Tag: Prime Minister Imran Khan

  • Second phase of Pak-China FTA signed; two premiers witness signing ceremony

    Second phase of Pak-China FTA signed; two premiers witness signing ceremony

    ISLAMABAD: The second phase of Pakistan China Free Trade Agreement (FTA) signed on Sunday, which was witnessed by the premiers of both the countries.

    Prime Minister Imran Khan and Chinese Premier Li Keqiang witnessed the signing ceremony at a meeting on the conclusion of the 2nd Belt and Road Forum (BRF) in Beijing, a statement said.

    The list of MoUs/Agreements signed/exchanged on the occasion is as follows:

    i. Second Phase of China Pakistan Free Trade Agreement

    ii. Declaration for Completion of Preliminary Design of Phase-I for Up-gradation of ML-1 and Establishment of Havelian Dry Port under CPEC

    iii. MoU on Cooperation in the field of Marine Sciences between the China Geological Survey (CGS), Ministry of Natural Resources of China, the Institute of Oceanography, Ministry of Science and Technology.

    iv. MoU between CIDCA and Ministry of Planning, Development and Reform on Implementation of the Projects under JWG of CPEC on Socio-Economic Development.

    v. China-Pakistan Economic and Technical Cooperation Agreement

    vi. Rashakai SEZ Joint Venture and License Agreement between KPEZMDC and CRBC.

    The two prime ministers were accompanied by ministers and senior officials.

    Both leaders reaffirmed the time-tested and strong friendship between Pakistan and China and exchanged views on the myriad facets of bilateral engagement.

    The prime minister extended felicitations to the Chinese leadership on the successful holding of the 2nd Belt and Road Forum (BRF).

    Noting the depth and breadth of the Belt and Road Initiative (BRI), the Prime Minister said it was of immense significance for the world in terms of connectivity and shared prosperity.

    The two sides exchanged views on bilateral collaboration in the context of CPEC and prospects of further deepening economic linkages.

    Prime Minister Imran Khan underscored the importance of CPEC for Pakistan’s economy and noted with satisfaction its expansion into new areas of development – including industrial development; livelihood projects; social uplift; and agriculture in line with the priorities of government.

    He hoped that Chinese investment in Specialized Economic Zones (SEZs) would expand Pakistan’s industrial base and assist in diversifying its export basket.

    Underlining the steady growth of bilateral cooperation since the Prime Minister’s last visit to China in November 2018, Premier Li Keqiang expressed satisfaction at the positive momentum of CPEC projects.

    He hoped that the conclusion of the Second Phase of China-Pakistan Free Trade Agreement (FTA), would give further boost to trade and economic relations between the two countries.

    The two sides agreed to further deepen the political, security, economic, education, science & technology, cultural, and people-to-people relations.

    It was agreed to maintain the existing momentum of high level exchanges between the two countries.

    The two leaders also exchanged views on regional issues including peace efforts in Afghanistan and peace and stability in South Asia.

    They also agreed to closely coordinate in their endeavors.

  • Imran Khan discusses IMF program with Christine Lagarde

    Imran Khan discusses IMF program with Christine Lagarde

    ISLAMABAD: Prime Minister lmran Khan met Ms. Christine Lagarde, Managing Director of International Monetary fund (IMF) on the sidelines of the belt and Road Forum, a statement received here on Friday from Beijing, China.

    The prime minister was assisted by Foreign Minister Makhdoom Shah Mahmood Qureshi, Adviser on Finance Dr. Abdul Hafeez Shaikh and Adviser on Commerce Abdul Razzaq Dawood.

    The meeting reviewed the relationship between Pakistan and the IMF.

    The prime minister identified the areas of reform and initiatives being undertaken by the government to stabilize the economy, control inflation and achieve fiscal balance.

    The two leaders agreed on the importance of the Fund programme and to work towards an agreement for which an IMF delegation is coming to Islamabad.

    The two sides also agreed on the need for a social safety net for the vulnerable groups of the society.

  • Prime Minister, World Bank CEO discuss economic, fiscal situation

    Prime Minister, World Bank CEO discuss economic, fiscal situation

    ISLAMABAD: Prime Minister Imran Khan on Friday met Ms. Kristalina Georgieva, Chief Executive Officer (CEO) of the World Bank discussed economic and fiscal situation on the sidelines of the second Belt and Road Forum (BRF), says a press release received here from Beijing, China.

    The prime minister was accompanied by the foreign minister and adviser on finance and adviser on commerce.

    The prime minister informed CEO, World Bank of the recent steps taken by the government for improving the economic and fiscal situation in the country.

    He appreciated the role played by the World Bank in regional connectivity, poverty alleviation, financial management, provisional projects, DASU and other infrastructure projects and ease of doing business.

    The prime minister also informed the CEO about the socio-economic uplift measures taken up by the government and creation of “Ehsaas” social welfare programme.

    The CEO of the World Bank pledged to further strengthen cooperation with Pakistan in the areas of disbursements programme lending and guarantees provision for raising external funds.

  • Pakistan, Iran agree to boost monetary, financial, commercial activities

    Pakistan, Iran agree to boost monetary, financial, commercial activities

    ISLAMABAD: Pakistan and Iran have agreed to enhance economic cooperation through boosting monetary, financial and commercial activities to their full potential by utilizing all available options.

    The joint statement issued on Monday after the meeting of Pakistan Prime Minister Imran Khan and President of Iran Dr. Hassan Rouhani, the both sides considering the increase in volume of trade between the two countries in 2018, the President of Iran and Prime Minister of Pakistan instructed relevant institutions and Ministries to devise all required mechanisms for boosting monetary, financial and commercial activities to their full potential by utilizing all available options.

    The two sides also decided to hold the 21st round of the Joint Economic Commission (JEC)in the second half of 2019 in Pakistan to deliberate further on these issues.

    Prime Minister Imran Khan paid a high-level visit to the Islamic Republic of Iran from 21-22 April 2019, on the invitation Dr. Hassan Rouhani, the President of the Islamic Republic of Iran.

    There has been regular exchange of leadership level visits between the two sides in recent years.

    While emphasizing historical, cultural, religious and civilizational ties between the two neighboring and Muslim countries, and highlighting the commitment of the senior officials of the two countries to expand relations in all areas of mutual interest, the two sides reiterated the importance of deepening and reinforcing bilateral ties based on principles of national interest, territorial integrity and mutual respect for national sovereignty.

    They called for swift implementation of bilateral agreements as a step towards realizing this important goal. Both sides highlighted that common borders should be the borders of peace and friendship, and acknowledged the necessity of forging regular cooperation and exchange of views between political, military and security officials of the two countries to combat threats such as terrorism, smuggling of narcotics, human trafficking, hostage-taking, money-laundering and abduction. It was also agreed that the 10th Round of the Special Security Committee of the two Ministries of Interior will be held in Islamabad in June 2019 to discuss these matters in detail.

    It was also agreed that the next meeting of the Joint Consular Commission would be held on 2nd half of 2019 to review the progress made so far and chart the way forward in further facilitating the movement of people from both sides.

    Pakistan side welcomed the initiation of the process for release of a number of Pakistani prisoners by the Government of Iran, and for making arrangements for their expeditious repatriation to Pakistan.

    President of the Islamic Republic of Iran and Prime Minister of the Islamic Republic of Pakistan agreed that enhancing and cementing cooperation between Iran’s Sistan-Balochistan Province and Pakistan’s Balochistan Province including opening of new border crossings and border markets would contribute towards improvement of the economic situation of local residents, and further constitutes a step towards resolving border challenges and insecurities.

    Both sides agreed to hold the 2nd Round of High Border Commission in Islamabad in May 2019 to review the current status of preparations and further measures required for the earliest opening of new crossing points at Gabd-Reemdan and Mand-Pishin, besides opening of new border markets.

    Both sides highlighted the necessity of extending cooperation in energy sector including export of electricity from Iran to Pakistan.

    Pakistani side extended its appreciation to the Government of the Islamic Republic of Iran for continuing electricity exports to Pakistan’s Balochistan Province. Reaffirming the importance of strong and historic socio-cultural and linguistic affinities between the two countries and their peoples.

    Both sides reaffirmed the need to further strengthen these bonds through promotion of academic, cultural and tourism activities, particularly by encouraging more frequent exchange of visits of intellectuals, folk artists, cultural troupes and by enhancing tourism to the historic religious sites in both countries.

    Prime Minister Imran Khan reaffirmed the support and solidarity of the government and people of Pakistan with the people of Iran over loss of precious human lives and material damages due to recent severe floods in Iran.

    Prime Minister of Pakistan expressed the conviction that the people of Iran would handle this natural calamity with their characteristic resilience. Iranian side expressed its gratitude to Pakistan for sending humanitarian assistance to the flood affected people in Iran. Both sides welcomed the signing of a declaration for cooperation in health sector aimed at bilateral technical assistance and experience sharing with tangible outputs.

    Both sides discussed and exchanged views on major regional and international issues, and asserted that peace, tranquility and sustainable development are prerequisite for enhancing relations, integrity and synergy among the West Asian countries.

    Both sides reaffirmed their commitment to the UN Charter and international law, in particular the principles of sovereign equality of states, political independence and non-interference in the internal affairs of States.

    The two sides reiterated the need for all States to adhere to the rule of law including at the international level. In this context, they expressed serious concerns over unilateral application of measures by any country that are inconsistent with the provisions of international law and the principles of UN Charter.

    The President of Iran and Prime Minister of Pakistan, referring to the necessity of establishing a safe, stable and independent Afghanistan for the sake of regional peace and stability, acknowledged the necessity of holding Afghan-led and Afghan-owned peace dialogue while calling upon regional countries and the international community to work collectively to end conflict and restore complete peace in the country.

    Both sides also agreed to join efforts for achieving a broader regional consensus in this regard. While condemning terrorism in all its forms and manifestations, both sides acknowledged the great achievements of the two countries in combating terrorism and emphasized that efforts to develop regional and international cooperation in preventing and countering terrorism should be redoubled and the root-causes of all types of terrorism in the region identified and addressed.

    Considering the importance of developing connectivity and transit corridors in order to accelerate and facilitate bilateral and regional cooperation and trade, both sides welcomed the implementation of bilateral and multilateral agreements including the Belt and Road Initiative (BRI) and China-Pakistan Economic Corridor (CPEC), as well as agreements on establishing the North–South and East–West corridors in Iran.

    The President of Iran and Prime Minister of Pakistan welcomed all dimensions of cooperation of the two countries with other states, particularly the six-party Speakers’ Conference in Tehran with the purpose of consolidating cooperation among the regional states.

    Both sides highlighted the need to resolve the issue of Jammu & Kashmir through dialogue and peaceful means based on the will of the people of that region and in line with the resolutions of the United Nations Security Council.

    The President of Iran and Prime Minister of Pakistan emphasized that the right of the people of Palestine to establish an independent and sovereign Palestinian state should be respected as the key demand of the Muslim states.

    Both sides also agreed to reinforce endeavors through regional and international arrangements and mechanisms to help Palestinians establish an independent state.

    Both sides stressed on swift and complete implementation of the Joint Comprehensive Plan of Action (JCPOA) by other states considering the full compliance of the Islamic Republic of Iran to its provisions.

    The Prime Minister of Pakistan expressed his appreciation to the President of the Islamic Republic of Iran for the warm and generous hospitality extended to the Pakistani delegation, and officially invited Dr. Hassan Rouhani to visit Pakistan at the earliest convenience.

    President of Iran accepted the gracious invitation. Dates for the visit will be worked out through diplomatic channels.

  • No decision on amnesty scheme, cabinet to consider tomorrow

    No decision on amnesty scheme, cabinet to consider tomorrow

    ISLAMABAD: The federal cabinet has discussed the planned tax amnesty scheme and it will decide in tomorrow’s meeting, sources said on Tuesday.

    The federal cabinet was met under the chair of Prime Minister Imran Khan. Finance Minister Asad Umar briefed the meeting about the proposed amnesty scheme.

    The sources said that the prime minister directed the ministry to take input from general public on such scheme besides before launching it there should be proper public awareness.

    In this regard a committee was formed headed by the finance minister. The committee will finalize the amnesty scheme.

    The sources said that the government was planning to introduce the amnesty scheme through promulgation of presidential ordinance.

    The sources said that the PTI government was in difficult situation regarding launching the amnesty scheme as the ruling party had taken mandate to bring tax evaders and looters behind the bar instead giving amnesty.

  • CPEC to open new vistas of opportunities for entire region: Imran Khan

    CPEC to open new vistas of opportunities for entire region: Imran Khan

    ISLAMABAD: Prime Minister Imran Khan on Thursday said that China-Pakistan Economic Corridor (CPEC) project will open new vistas of opportunities for the entire region.

    The prime minister said that the government accords top priority to the CPEC project.

    He said: “The project will not only help in translating all weather Pak-China relations into mutually beneficial economic equation but will also open new vistas of opportunities for the entire region.”

    The prime minister was meeting with representatives of 15 leading Chinese companies working on various CPEC and other projects in Pakistan.

    The Chinese delegation included representatives from Power China, Three Gorges Corporation, CMEC Neelum Jhelum Power Plant Project, Cr-Norinco Orange Line Project, Huawei, Zong, Port Qasim Power Plant, China Gezhouba Corporation, China State Construction, China Harbour, Matiari-Lahore Transmission Line Project, Haier and other companies.

    Chinese Ambassador to Pakistan Yao Jing accompanies the delegation. Omar Ayub Khan, Minister for Power, Makhdoom Khusro Bakhtiar, Minister for Planning, Haroon Sharif, Chairman BOI, Nadeem Babar, Chairman Energy Task Force and other senior officials were also present.

    Talking to the Chinese delegation, the prime minister said that the government will provide all possible facilitation to the Chinese companies in undertaking profitable business ventures and taking advantage of business friendly policies of the present government.

    Chinese Ambassador while conveying greetings from Chinese President and Premier, said that Chinese leadership is looking forward to the visit of Prime Minister to China.

    He thanked the prime minister on behalf of Chinese leadership and business community for his personal interest in facilitating Chinese businessmen and addressing their issues.

    He assured the prime minister that Chinese companies will continue to partner with the government in socio-economic development of Pakistan.

  • Past revenue-centric policies hurt exports: Prime Minister

    Past revenue-centric policies hurt exports: Prime Minister

    ISLAMABAD: Prime Minister Imran Khan has said that the revenue-centric economic policies of past governments have badly damaged the competitiveness of Pakistan’s exports.

    The past the revenue-centric economic policies with overemphasis on collection of revenues made the industry uncompetitive, the prime minister said while chairing 80th Meeting of the Board of Administrators of Export Development Fund (EDF) at Prime Minister’s Office, according to a statement on Thursday.

    The prime minister said that economic future of the country was linked with enhancement of exports which so far have remained far below the actual potential.

    The present government has made a paradigm shift in prioritizing the competitiveness of industry vis-à-vis revenue collection.

    The prime minister while expressing serious concern over the mismatch in collection and releases of the EDF during past years, directed that timely release of EDF, which was indeed the exporters’ money, be ensured during the current year while a comprehensive system be devised for the future to ensure unhindered releases and optimum utilization of EDF for its mandated purpose.

    The Board of Administrators of EDF, reconstituted the Finance Committee of the EDF Board which will be chaired by the Advisor to the Prime Minister on Commerce.

    The meeting approved budget and the schedule of activities to be held during TEXPO Exhibition 2019 at Lahore Expo Centre on 11th -14th April 2019.

    It was also decided during the meeting that the EDF Board would also include Secretary Textile Division, as its member, to ensure representation of the textile sector, being the major contributor towards exports of the country.

    Talking to the leading businessmen, the Prime Minister stated that the Government would continue taking the business community on-board in policy formulation process and their feedback would help the government further improve policy framework and to extend maximum facilitation to the exporters and the businessmen of the country.

  • Prime Minister directs to ensure security, commodity availability during Ramzan

    Prime Minister directs to ensure security, commodity availability during Ramzan

    ISLAMABAD: Prime Minister Imran Khan on Monday directed interior ministry and all provincial governments to ensure security and availability of commodities during the holy month of Ramzan.

    In a letter addressed to Ministry of Interior and Chief Secretaries of all provincial governments including AJ&K and Gilgit Baltistan, the Prime Minister directed that coordination meetings with all provinces should be held to streamline the arrangements including security measures.

    Notification of Price Control Committees, down till field levels in all the provinces and ICT should be issued.

    The PM office has directed that physical presence of officers at Mandis, specially monitoring the auction process in order to keep base prices at minimum level should be ensured during Ramzan.

    It directed the provincial governments that intelligence based action should be taken against black marketing and hoarding.

    The provinces have been asked to issue detailed duty roster in each District covering all important markets, without over stretching the officers.

    To complement effective implementation and monitoring, services of officers of line departments may be incorporated and investment of magisterial power by the concerned law departments, if required.

    The prime minister office advised that performance monitoring of the officers and Districts should be made on KPIs and setting success benchmarks.

    It has further advised that volunteers should be mobilized to get feedback about shortages and overpricing on Citizen Complain Portal.

    The Prime Minister Office has stressed upon the need for holding well managed Sasta Bazars with availability of all essential commodities on control prices.

    Prime Minister has directed that special measures should be taken to control the use of loud speakers during the month of Ramzan.

    District Price Control Committees and Law & Order Committee headed by respective DCs should meet at regular intervals. Prime Minister has emphasized upon the need for ensuring fool-proof security arrangements especially during Traveh.

    The Prime Minister Office has further advised the provincial government that surprise checking by the senior provincial officers in the districts should be ensured.

    The letter calls upon the provincial governments to ensure uninterrupted supply of gas, electricity and water especially at the time of Sehri and Iftar.

    It says that provision of subsidized flour, sugar , ghee/oil etc by the provincial governments in model bazar only should also be ensured.

    The Prime Minister has directed Ministry of Interior to hold coordination meeting with all relevant stakeholders as soon as possible and to issue instructions/ make necessary arrangements accordingly.

    It is pertinent to mention the government has already announced Ramazan package at the Utility Stores for providing low priced commodities to masses.

  • Imran Khan welcomes investment from Qatar

    Imran Khan welcomes investment from Qatar

    ISLAMABAD: Prime Minister Imran Khan has welcomed investment from Qatar in various sectors of the economy.

    A delegation of Qatar Investment Authority (QIA) headed by H.E. Sheikh Faisal Bin Thani Al-Thani, Head of Regional Portfolios, called on Prime Minister Imran Khan at PM Office.

    Prime Minister welcomed QIA’s interest in making investments in various sectors of economy.

    The prime minister highlighted various business opportunities in Tourism, Housing and other sectors.

    Imran Khan also highlighted various steps and policy reforms that have been taken by the present government to facilitate investors and the business communities.

    Sheikh Faisal Bin Thani Al-Thani is head of Qatar Investment Department and Head of Qatar Regional Investment Fund at Qatar Investment Authority.

    The Qatari delegation included heads of various organisations in housing, tourism, real estate and energy sectors. Advisor to PM on Commerce Abdul Razzak Dawood, Chairman BOI Haroon Sharif were also present during the meeting. The delegation expressed keen interest in investing in housing, energy, tourism and Airport management sectors of Pakistan.

  • If FBR not fixed, new tax authority will be created: PM

    If FBR not fixed, new tax authority will be created: PM

    ISLAMABAD: Prime Minister Imran Khan on Thursday said that reforming Federal Board of Revenue (FBR) is priority of the government.

    If the FBR fails to deliver then we will replace with a new tax authority, he said while addressing at the 11th All Pakistan Chambers President Conference.

    He said that the reforms in the taxation system was need of the hour because without it the government would not able to meet its developmental expenditures.

    The prime minister informed the business community that he was regularly discussing with Commerce Adviser Abdul Razak Dawood and Finance Minister Asad Umar on ways to boost revenue generation and making the FBR a business-friendly organization.

    “But I should also tell you this: if we realise that the FBR cannot be fixed, we will create a new FBR,” he said.
    Imran Khan said that the economy was facing challenging conditions and revenue generation was a must.

    He also urged the nation to come into the tax net, adding that in return he would guarantee that their tax would not be misspent.

    He assured the nation that each and every penny of Pakistanis’ tax collection will be spent with great caution, he said.
    He said that the government will end all unnecessary expenses. He urged the business community to pursue people that it is impossible for any country to succeed without paying their taxes.

    The prime minister said that it was shocking that only 72,000 taxpayers were declaring Rs200,000 or more monthly income out of 210 million people in Pakistan.

    The prime minister assured the business community that his government will do all he can to facilitate them, indicating that “some more incentives are coming your way in the upcoming days”.