EpaperKHI_22-5-21

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Saturday, 21 May, 2022 I 19 Shawwal, 1443 I Rs 15.00 I vol XII No 321 I 12 Pages I Karachi Edition

Ban on luxury goods import to save $4B, says shehBaz g

ProPoses CPeC to be a trilateral arrangement between China, Pakistan and turkey

kaRaCHi/islamabad

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Staff RepoRteRS

rime minister shehbaz sharif on Friday depended his governmet decsion to ban import of luxury and non-essential items, cliaming that the ban will not only help save $4 billion but also support the local industry. “one thing is very much clear that objective behind the ban on import of luxury item – for a specific time – is to save foreign exchange and bring stability," the prime minister went on to say and added that this strict step will held save the country $4 billion, which is like earning $4 billion.” Prime minister shehbaz sharif was addressing business community members and representatives during his visit to karachi. shehbaz said the import ban would support the local industry, underining the need for capping prices of those items under a certain formula. the prime minister sought business community suggestions to tackle the prevailing economic situation. drawing a comparison, Pm shehbaz infromed that in 2018, the dollar rate stood at rs 115, which jumped to rs 189 during three and a half years of the previous government. “when i assumed office of the

prime minister, dollar was at rs 189 and this rs60-65 rise is not our fault,” he remarked. he claimed that having perceived no-confidence motion success, the previous Pti government reduced the Pol prices although the country was faced with huge debt burden. "the ousted government neither provided relief to the common man in sugar, flour or edible oil, nor executed any agriculture or public welfare project with serious intention." Pm shehbaz said despite unprecedented support from a national institution, the previous government could not perform, and recalled the mega projects executed during the Pml-n government, including CPeC, end to load-shedding, and installation of wind, solar, and lng power plants. he said the nation wanted to know as to where the huge loans were spent and whether the excessive load-shedding was due to political chaos or corruption. the prime minister said tht though, being a nuclear power, Pakistan was capable to foil any ill-intention against it, the country lagged behind india in the field of information technology which rose to a $200 billion export market contrary to $1.5 billion of Pakistan. however, he said he had asked the ministries concerned to take the it exports to $15 billion by empowering

youth. Coming to the issues faced by the karachi city, the prime minister said an investment of $1 billion by saudi arabia was ready, which could be used to address the problem of water supply by installing a desalination plant. meanwhile Prime minister shehbaz sharif on Friday directed the authorities concerned to benefit from turkish expertise and experience in all possible avenues. the prime minister, in delegation level talks with turkish minister of national defence hulusi akar, extended his heart-felt gratitude to the government and the people of turkey for their strong commitment in helping Pakistan develop robust institutions like karachi shipyard, which has been transformed into a profit-earning organization over the years due to the turkish support. "trade activates have the potential to increase manifold with the development of financial and industrial activities. the ongoing CPeC project is set to translate our desire to enhance regional connectivity and maximise trade [...] with gwadar at its focal point. "i would like to avail this opportunity to propose that let this — CPeC — be a trilateral arrangement between China, Pakistan and turkey and let us benefit from its wonderful potential to benefit our nations," he said, assuring the participants that the government was committed to developing maritime infrastructure. at the outset, Pm shehbaz began by lauding the launch of the warship built with the cooperation and collaboration of a turkish company. he also appreciated the efforts of naval chief admiral muhammad amjad khan niazi and turkish defence minister hulusi akar. "this is yet another great example of cooperation between Pakistan and turkey under [the] very able and dynamic leadership of President recep tayyip erdogan, who is not only a great brother and friend but also a great supporter of Pakistan's cause, and under his leadership our mutual fraternal relations have transformed into much higher heights than before."

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Bilawal invites US Congress members to Pakistan g

Fm to visit China today islamabad inp

Foreign minister bilawal bhutto Zardari has met us Congresswoman sheila Jackson lee in new york and thanked her for her keen interest in strengthening Pakistan-us ties, besides inviting her and the us Congressional Caucus to Pakistan. bilawal had arrived in the us on tuesday to attend the two-day ministerial conference on the threat to global food security on the invitation of us secretary of state antony blinken. during the meeting, bilawal and the us Congresswoman discussed cooperation in climate change, humanitarian assistance to afghanistan, and ease of travel between Pakistan and the us. the foreign minister lauded sheila Jackson for her outstanding leadership while the us Congresswoman appreciated the vision of bilawal for advancing Pakistan-us relations. the foreign minister said that sheila Jackson is the greatest advocate of Pakistan-us relations, adding that he would pursue engagement with the us and soon visit washington to unlock the true potential of the bilateral ties. he noted that ties between Pakistan and the us have cemented through enhanced interaction and exchanges between the leadership, parliamentarians, students and people-to-people contacts. the foreign minister said that Pakistan is committed to promoting entre-

ECP’s decision will have no effect on Punjab govt: Marriyum news desk Following the election Commission of Pakistan (eCP)’s decision to deseat 25 dissident Pti mPas, information minister marriyum aurangzeb on Friday said that the ruling will have no effect on the Punjab government. addressing a press conference, the minister criticised the Pti and said that the party Chairman imran khan was earlier hurling abuses at the eCP and asking his followers to attack its offices, but now, after receiving a decision in his party’s favour, he is praising the commission. she emphasised that the decision is “only for the 25 dissident Pti members”, adding that the de-seating of the members will have no effect on the election of Chief minister Punjab hamza shahbaz as the allied parties already have the support of 177 members. berating the former Pti-led gov-

ernment, the Pml-n leader said that “these are the people who want to cling on to power no matter how much they hurt the country’s situation”. she further said that the dissident members are those who showed a lack of confidence in their party’s decision and decided to vote for someone else, adding that the Pti’s defecting parliamentarians voted against khan publicly. the information minister went on to say that these members are eligible to cast their votes for the noconfidence motion. “they knew about the consequences and voted against their party and in favour of the nation,” she said. “the dissident members have the right to challenge the eCP’s decision,” said the information minister. the Pml-n leader further maintained that the Pti government “looted the nation for four years and

preneurship and protecting women rights and democracy. Congresswoman Jackson said that she would fully support the foreign minister’s endeavours and continue to highlight Pakistan’s efforts for women empowerment, fostering democracy and stability. BILawaL To vISIT ChINa: on the special invitation of China Foreign minister wang yi, bilawal will visit China on may 21-22. the minister of state for foreign affairs and senior officials will be part of the foreign minister’s delegation. during the visit, the foreign minister will hold extensive consultations with wang yi. the two leaders will review the entire gamut of bilateral relations, with a particular focus on stronger trade and economic cooperation between Pakistan and China, besides discussing progress on the China-Pakistan economic Corridor (CPeC). the two sides will also have wideranging exchange of views on major regional and international issues. bilawal’s visit will also coincide with the 71st anniversary of the establishment of diplomatic relations between Pakistan and China. earlier, wang yi had written a letter to bilawal, congratulating him on his assumption of the office of foreign minister. Previously, the two foreign ministers had held a virtual meeting on may 11.

more inside

ECP de-seats 25 PTI Punjab defectors STORY ON PAGE 02

CPPa seeks rs 4.5/unit hike in electricity price STORY ON PAGE 03 benefitted the cartels and mafias”. she said that khan should be held accountable in the foreignfunding case and he should also clarify the position of his wife’s friend, Farah gogi, who has been accused of corruption. she added that the decision regarding the foreign-funding case should be announced within a day just, after which, a ban should be imposed on the Pti. the information minister added that the people of Pakistan have rejected the Pti. govt reviving naCta, reviewing naP:

in her speech at the national assembly, the information minister said that the government has decided to “revive” the national Counter terrorism authority (naCta) and is reviewing the national action Plan to counter terrorism in the country. she noted that terrorism is once again on the rise in the country. “but we need to note some things here. in the last four years, not a single meeting of naCta, which is chaired by the prime minister, was held. in 2014, nawaz sharif had prepared Pakistan’s first national security policy,” she recalled.

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PTI cannot snatch Punjab from PML-N: Maryam STORY ON BACK PAGE

long march towards islamabad to begin between may 25 to 29: imran STORY ON BACK PAGE


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EpaperKHI_22-5-21 by Pakistan Today - Issuu