Saturday, 27 February, 2021 I 14 Rajab, 1442 I Rs 15.00 I Vol XI No 240 I 12 Pages I Islamabad Edition
Pakistan will save $3bn thanks to Qatar lnG deal, says PM g
Imran expresses satIsfactIon at the current state of the country's economy
islamabad staff report
P
rIme minister Imran Khan on friday revealed that pakistan had signed a deal with Qatar, wherein the latter will provide pakistan three million tons of liquified natural gas (LnG) for 10 years. the premier witnessed the signing of the agreement that took place in the federal capital at the pm house. federal minister for energy omar ayub Khan and Qatar’s energy minister saad sherida al-Kaabi inked the agreement. Qatar’s minister al-Kaabi termed as “historic” the agreement with pakistan and expressed confidence that it would open up new vistas of development. the prime minister informed that pakistan will save $300 million each year as a result of the deal. “and in 10 years’ time, pakistan will save $3 billion,” he added. he highlighted that these issues the country was facing where inherited from previous regimes. “When a difficult time comes upon the nation, a country has to think of ‘out-of-thebox’ solutions,” he said during a ceremony in Lahore wherein the premier laid
the foundation-stone of the country’s firstever central Business District (cBD), a commercial hub aimed at ensuring ease-of-doing-business. the concept will plan activities in accordance with the market requirements and as per the unique dynamics of each district. addressing at the foundation-laying ceremony, the prime minister said that the project would touch the trading volume of rs6,000 billion with its first phase of commercial and Business hub to generate activities worth rs1,300 billion. “With huge tenders involved, this project will witness a major take-off in a short span of time and also transform Lahore into a modern city,” he said. prime minister Imran said that the environment-friendly and urban generation project will be carried out on vertical principles with the construction of high-rise buildings. he regretted that earlier, lack of planning resulted in a haphazard expansion of big cities like Lahore and Karachi that became unmanageable with time. he stressed that vertical construction was the effective-most solution for the management of big cities in order to accommodate the maximum population. he said that the cBD would ensure en-
Coronavirus in
Pakistan
CONFIRMED CASES:
577,482
LAST UPDATED AT 7:07 AM ON FEBRUARY 26, 2021
DAY'S DEATH TOLL:
NEW CASES:
32
1,541
RECOVERED:
DEATHS:
542,393 12,804 SINDH:
PUNJAB:
257,408
170,222
KP:
BALOCHISTAN:
71,728 AJK/GB:
10,101/4,956
19,035
ISLAMABAD:
44,032
vironment-friendly policies with its unique features of botanical gardens and green spaces. he further said that in the first phase, the project will generate rs1,300 billion, through which the government will receive rs250 billion in taxes. the prime minister said that when the Walton airport is de-notified as per the project’s plan, tall buildings can be constructed in Gulberg and ferozepur road. the premier underscored that he was the biggest supporter of preservation and conservation of the environment and had always emphasised considering the environmental aspect while carrying out any project. he pointed out that the apathy of previous governments inflicted huge damage to the environmental conditions of urban cities in particular. “the entire city’s sewerage is going in river ravi,” he said. “this sewerage is going down the river. a lot of people drink water from the rivers,” he said, adding that even the water table of Lahore was declining. pm Imran said that for the first time, the government introduced policies to provide low-cost housing and encouraged banks to offer mortgage facility to facilitate the common man. the naya pakistan housing, he said, was a significant project for the uplift of low-income groups who struggled hard to own a residential place. he said that for six consecutive months, pakistan’s current account remained in surplus and acknowledged the contribution of overseas pakistanis in this regard. “our textile exports are also witnessing an increase and new industries are being set up across the country,” said the premier while giving an example of the economy’s condition. the prime minister lauded the efforts of the punjab chief minister for maintaining a faster pace of development projects in the province.
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Pakistan to meet FATF’s remaining demands by June: Hammad islamabad staff report
minister for Industries and production hammad azhar has said that pakistan has complied with 90 per cent of the financial action task force’s (fatf) action plan and the rest will be completed by June this year. he assured that the last three items on the list will be “fulfilled by pakistan by June”. addressing a news conference here on friday, he said that pakistan has so for completed compliance of 24 out of 27 action points of the fatf. he said that pakistan will come out of the grey list after compliance with the remaining three points. “the threat of blacklisting pakistan has been averted,” said the federal minister a day after the fatf granted the country four more months to complete the action plan. “at the previous plenary, fatf countries and the fatf secretariat said that blacklisting was not an option because the country has achieved significant progress,” he added. “a lot of work has been done on the three points in which we are partially complaint. In my eyes, we are close to being largely compliant in these areas,” said hammad, who is also the head of the fatf committee.
Biden administration urges Pakistan, India to hold direct talks on Kashmir issue islamabad staff report
the Biden administration welcomed the joint statement of India and pakistan to strictly observe all agreements on ceasefire along the Line of control (Loc) and has urged the two countries to engage in direct talks to resolve the issue of the disputed territory. a day earlier, pakistan and India had agreed to strictly observe the 2003 ceasefire agreement at the Loc, the de facto border between the arch-rivals in the disputed region of Kashmir, and other agreements, radio pakistan had reported. the director generals of military operations (DGmos) of the two countries had reviewed over a hotline the situation along the Loc and all other sectors in a “free, frank and cordial atmosphere” on thursday morning, Inter-services public relations (Ispr) had said in a statement. “the two sides reviewed the situation along the Loc and all other sectors in a free, frank and cordial atmosphere,” read the official handout. this move was welcomed by both the united states and the united nations, who hailed it as a “positive step” which will provide
he said that pakistan was given the most challenging action plan of the world, but it vigorously pursued to comply with the plan which was also recognised by the international community in fatf plenaries. he said that pakistan is determined to act against money laundering and terror financing. answering a question, hammad said that India misused the fatf platform to push pakistan into the blacklist, but due to the government’s concerted efforts of implementing the action plan, this has not been an option for pakistan now. he said that pakistan continued complying with the fatf action plan even during the strong wave of the covid-19 pandemic. “We had the option to not report during the coronavirus pandemic [but] pakistan fulfilled its objectives during the difficult times of coronavirus,” said hammad, terming the country’s performance as “exemplary”. When the coronavirus pandemic hit, pakistan had the option to not do the reports, an option that was exercised by some countries, according to the minister. “But we took advantage of that time and continued with the reporting. the result of that is in front of you.”
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more inside
PPP will be the largest party in Senate, says Zardari STORY ON BACK PAGE
an opportunity for further dialogue. During a press briefing, White house press secretary Jen psaki told reporters that the united states welcomes the joint statement between the two nations. “the united states welcomes the joint statement between India and pakistan that the two countries have agreed to maintain strict observance of a ceasefire along the Line of control starting on february 25th,” psaki said. “this is a positive step towards greater peace and stability in south asia, which is in all shared — is in our shared interest. and we encourage both countries to keep building upon this progress,” she added. asked if Islamabad is doing
enough in the fight against terrorism, she said, “But in terms of an assessment of that I would point you to the state Department or the Intelligence Department.” similarly, us state Department spokesman ned price brought up the agreement in his opening statement at the thursday afternoon news briefing. “We encourage continued efforts to improve communication between the two sides and to reduce tensions and violence along the Line of control,” department’s spokesperson said, adding that us has been very clear that it condemned the terrorists who seek to infiltrate the Loc.
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security forces kill ttp nooristan commander in south Waziristan IBo STORY ON PAGE 02
One year of Covid-19 leaves 12,804 dead, 577,482 infected STORY ON BACK PAGE
Ihc seeks social media rules report by april 2 STORY ON PAGE 03