Pakistan PM orders routing 50 percent public cargo through Gwadar port

Pakistan PM orders routing 50 percent public cargo through Gwadar port
Prime Minister Shehbaz Sharif chairs a review meeting on Chinese investment in Pakistan in Islamabad on August 19, 2024. (Photo courtesy: PMO)
Short Url
Updated 20 August 2024
Follow

Pakistan PM orders routing 50 percent public cargo through Gwadar port

Pakistan PM orders routing 50 percent public cargo through Gwadar port
  • China Overseas Port Holding Company plans to eventually expand port’s capacity to up to 400 million tons of cargo per year
  • Gwadar underutilized for import and export due to distance from marketplaces of the country, security and services availability

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday ordered that 50 percent of all public sector cargo be brought to Pakistan through the deep sea port of Gwadar, the premier’s office said in a statement.
Gwadar port is on the Arabian Sea in the southwestern province of Balochistan. China has invested heavily in the mineral-rich province, including developing Gwadar, despite a decades-long separatist insurgency. The deep-water port is key to the China-Pakistan Economic Corridor (CPEC) that also encompasses roads and energy projects and is part of Chinese President Xi Jinping’s Belt and Road Initiative.
The China Overseas Port Holding Company (COPHC), which operationally handles Gwadar, plans to eventually expand the port’s capacity to up to 400 million tons of cargo per year. Long term plans for the port require a total of 100 berths to be developed by 2045. For now, Gwadar is underutilized for commercial import and export due to reasons such as distance from the marketplaces of the country, security and services availability.
“Prime minister’s clear instructions that 50 percent of all public sector cargo for the country by sea should be brought from Gwadar port,” Sharif’s office said in a statement after a review meeting on Chinese investments and a visit by a delegation of Chinese experts from July 30 to August 6. 
Pakistan is engaging the experts to increase domestic exports and remove non-trade barriers, the PM’s office said:
“The Chinese delegation met the representatives of various ministries in which the ministries gave suggestions regarding increasing cooperation in related fields. During the delegation’s visit, significant progress was made in terms of cooperation and investment in trade and investment, energy, agriculture, information technology, communication and infrastructure sectors between China and Pakistan.”
The PM’s office said sectoral road shows would be organized in different cities of China to increase exports of Pakistani products, while Islamabad would seek technology transfer and upgradation services from China in electric vehicles, electro-medical devices and other sectors.
Security of Chinese workers has become a major security concern for Beijing since March this year when a suicide bombing killed five Chinese engineers in the north of the country. Militants have also previously attacked Chinese nations and targeted projects.


Pakistan’s deadline to file income tax returns ends today

Pakistan’s deadline to file income tax returns ends today
Updated 10 sec ago
Follow

Pakistan’s deadline to file income tax returns ends today

Pakistan’s deadline to file income tax returns ends today
  • The Federal Board of Revenue had extended the Sept. 30 deadline by two weeks
  • Pakistan has one of the lowest tax ratios in the world, according to the World Bank

ISLAMABAD: The deadline for Pakistanis to file their income tax returns ends today, Monday, following the expiry of a two-week extension given by the country's tax regulator.

Pakistan has one of the lowest tax ratios in the world, according to the World Bank. The South Asian country’s failure to generate tax revenues in higher amounts stems from the fact that it has a narrow tax base, low compliance rate, an inefficient tax administration and massive tax evasion, the international financial institution has said.

Pakistan’s Federal Board of Revenue (FBR) announced last month it had extended the Sept. 30 deadline for filing income tax returns to Oct. 14.

“The FBR made the decision in view of requests from various trade bodies, Tax Bar Associations and general public,” it said in a notification. 

The International Monetary Fund (IMF) last month approved a $7 billion loan for Pakistan, critical for the South Asian country to meet its external financial obligations and strengthen its national currency. One of the key demands of the IMF from Pakistan has been to improve its tax administration and broaden its tax base.

The South Asian country aims to collect an ambitious $46 billion through taxes this financial year. Authorities have identified 4.9 million taxable persons in the country by using modern technology.

In Sept., Finance Minister Muhammad Aurangzeb announced the country’s tax filers this year had almost doubled from 1.6 million last year to 3.2 million. He also disclosed that last year Pakistan recorded at least 300,000 new tax filers while this year, the figure had already swelled to 723,000.

 


Seven Pakistani fishermen reunite with families after release from Indian jails

Seven Pakistani fishermen reunite with families after release from Indian jails
Updated 14 October 2024
Follow

Seven Pakistani fishermen reunite with families after release from Indian jails

Seven Pakistani fishermen reunite with families after release from Indian jails
  • Pakistani charity Edhi Foundation facilitated travel of these fishermen from Lahore to Karachi, where they were reunited with their families
  • The fishermen urged Pakistan, India to refrain from detaining impoverished fisherfolk, who are routinely detained by both maritime agencies

KARACHI: Seven Pakistani fishermen reunited with their families in the southern port city of Karachi on Monday after languishing for years in Indian prisons, a Pakistani charity said.

The charity organization, Edhi Foundation, was handed over these fishermen by Pakistani authorities last Friday to facilitate their return to Karachi, according to Muhammad Ameen, an official at the Edhi Foundation.

The charity covered transportation costs for the fishermen from Lahore, where they had arrived from India, and gave each one of them Rs10,000 ($36) for household expenses upon arrival in Karachi.

Indian and Pakistani fishermen are routinely detained by both maritime agencies on charges of illegally entering each other's territorial waters. The nuclear-armed nations’ borders are not clearly defined in the Arabian Sea and many fishing boats lack the technology to steer clear of any intrusion. 

“Whether it’s Indian or Pakistani fishermen, they are all poor,” said 26-year-old Allah Bachayo, who spent nearly four years away from his family after his boat drifted into Indian waters due to a malfunction in 2020.

“If both sides can come together to release Pakistani fishermen in India and Indian fishermen here, it would be a great kindness.”

Another fisherman, Ghulam Mustafa Shah, 19, was reunited with his mother, Shehrbano Bibi, and two younger siblings after having spent nearly three years in an Indian prison.

“I begged for alms to feed my children,” Bibi told Arab News at the Edhi Foundation office in Karachi, adding that Shah was her eldest son and the family’s main breadwinner, whose imprisonment forced her to ask others for support.

“I am very happy. It is a greater occasion than Eid for me,” she said, warmly embracing her son.

Shah, who had accidentally crossed into the Indian waters along with nine other fishermen in Jan. 2022, described his prison time as "painful," recalling that his requests to speak with his family were denied multiple times.

“I missed my mother a lot,” he said. “I would cry the whole day, but no one would listen to me. I banged my head [against the walls], but no one accepted my request.”

Ameen, the Edhi Foundation official, said that another 79 Pakistani fishermen were incarcerated in India, urging authorities to make efforts for their release too.

 


Pakistan name spin trio for second England Test

Pakistan name spin trio for second England Test
Updated 14 October 2024
Follow

Pakistan name spin trio for second England Test

Pakistan name spin trio for second England Test
  • The hosts made four changes from the side beaten by an innings in the first Test, including bringing in Kamran Ghulam
  • The 29-year-old has performed well in domestic cricket, having set a national record of 1,249 runs in the 2020-21 season

MULTAN: Pakistan named three spinners in their team for the second Test against England starting on Tuesday as they chase a series-levelling win on a re-used Multan stadium pitch.
The hosts made four changes from the side beaten by an innings in the first Test, including bringing in batsman Kamran Ghulam for his debut.
The 29-year-old has performed well in domestic cricket, having set a national record of 1,249 runs in the 2020-21 season.
The spin bowling will be handled by left-armer Noman Ali, leg-break bowler Zahid Mahmood and off-spinner Sajid Khan, all brought into the side.
Pakistan left out ace batsman Babar Azam from the first Test along with the pace duo of Shaheen Shah Afridi and Naseem Shah, and spinner Abrar Ahmed. He is still unwell.
England thumped the home team by an innings and 47 runs on Friday after the tourists compiled a mammoth 823-7 declared in reply to Pakistan’s first-innings 556.
Squad: Shan Masood (captain), Saim Ayub, Abdullah Shafique, Kamran Ghulam, Saud Shakeel, Mohammad Rizwan, Salman Agha, Aamer Jamal, Noman Ali, Sajid Khan, Zahid Mahmood


Pakistan’s rice exports surged to $4 billion in FY24 compared to $2.15 billion last year

Pakistan’s rice exports surged to $4 billion in FY24 compared to $2.15 billion last year
Updated 14 October 2024
Follow

Pakistan’s rice exports surged to $4 billion in FY24 compared to $2.15 billion last year

Pakistan’s rice exports surged to $4 billion in FY24 compared to $2.15 billion last year
  • State media says favorable weather, “abundant” resources helped Pakistan export six million tons of rice 
  • Pakistan’s commerce minister said country aims to increase revenue from rice exports to $7 billion this year

ISLAMABAD: Pakistan generated $4 billion in revenue during financial year 2024 by exporting six million tons of different types of rice, state media reported on Monday, citing favorable weather conditions and “abundant” agricultural resources as the main reasons for the surge in exports. 

Pakistan exported rice worth $4 billion this year compared to $2.15 billion last year, benefiting largely from India’s more-than-a-year-long ban on rice exports to fulfill its domestic needs. India announced in September it was lifting the ban, prompting Pakistan to lift the minimum export price for all rice varieties in the country. 

India and Pakistan are the only two countries that produce basmati rice which is famous for its unique flavor and aroma. India has been the largest exporter of rice worldwide, followed by Pakistan, Thailand and Vietnam.

“With the support of the Special Investment Facilitation Council, Pakistan has earned revenue of four billion dollars from rice exports,” state broadcaster Radio Pakistan reported, referring to Pakistan’s top hybrid civil-military body formed last year to attract foreign investment in the country’s vital economic sectors. 

“During the fiscal year 2024, Pakistan exported more than 6 million tons of different varieties of rice due to favorable weather conditions and abundant availability of agricultural resources.”

Shahjahan Malik, former chairman of the Rice Exporters Association of Pakistan, said exporters have set a fresh target of $5 billion for rice exports for the next financial year. He added that a comprehensive strategy based on “modern seed research and quality agricultural practices” would be developed to enhance exports further. 

Earlier this month, Pakistan’s Commerce Minister Jam Kamal had said the country aimed to boost its rice exports to as much as $7 billion to support its dwindling economy. 


Three Pakistani policemen killed in attack at police headquarters

Three Pakistani policemen killed in attack at police headquarters
Updated 14 October 2024
Follow

Three Pakistani policemen killed in attack at police headquarters

Three Pakistani policemen killed in attack at police headquarters
  • Militants storm police headquarters in district Bannu, say police 
  • Militant group Tehreek-e-Taliban claims responsibility for attack

PESHAWAR: At least three policemen were killed in northwest Pakistan when militants stormed a district police headquarters in Khyber Pakhtunkhwa province on Monday, a police source told Reuters.

The attack on the complex, which houses both the district police headquarters and a residential complex, was ongoing, the high-ranking police source said, adding that the assailants, who included suicide bombers, had been “pinned down” in the area.

Three assailants were killed by police, he added.

The source, requesting anonymity due to the sensitivity of the matter, said three policemen were killed while resisting the assault on the Police Lines of District Bannu, which borders the restive North Waziristan tribal district on the Pakistan-Afghanistan border.

Militant group Tehreek-e-Taliban Pakistan claimed responsibility for the attack, a spokesperson for the group said.

The roads around the complex have been closed to traffic as security forces moved to neutralize the remaining attackers, the police source added.

Bannu is about 350 kilometers from Pakistan’s capital Islamabad, which is under strict security lockdown due to the arrival of Chinese Premier Li Qiang on Monday ahead of a regional leaders’ meeting this week.