Monday, January 9th, 2023
Spending on flood recovery likely to be $3 bn by June 2023
Ahsan Iqbal says The minimum needs identified for recovery, rehabilitation and reconstruction are estimated at $16.3 billion GENEVA, Jan 9 (DNA): Minister for Planning, Development and Special Initiatives Ahsan Iqbal Monday said that Pakistan faced unprecedented devastation due to torrential rains and flooding in most parts of the country, and the spending on flood recovery in the country might cross US$3 billion by June this year. Pakistan faced huge economic losses due to damage of infrastructure and loss of crops that led to significant losses in GDP, higher poverty rates,Read More
EU provides EUR 87 million skill development; green growth
Mahnoor Ansar/DNA ISLAMABAD, JAN 9: To support green and inclusive economic growth in Pakistan, Dr. Kazim Niaz, Secretary Ministry of Economic Affairs and Dr Riina Kionka, Ambassador of the European Union have signed agreements for three new development programmes with a funding of EUR87 million by the European Union. With a focus on Khyber Pakhtunkhwa, Gilgit Baltistan and Balochistan, the new programmes will improve agricultural value chains, provide access to clean energy and enhance availability of the skilled labour force. The programmes are part of European Union’s support to PakistanRead More
Indonesian Envoy-FPCCI discuss ways to intensify trade connectivity
DNA ISLAMABAD, JAN 9: The Ambassador of Indonesia Adam M. Tugio paid a visit to the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and had a detailed discussion with Senior Vice President FPCCI Amin Ullah Baiq to further intensify two-way trade activities for expanding bilateral economic relations. During the discussion, Ambassador Tugio underlined that business communities of both the countries need to explore sectors that can complement each other. Medical equipment, spices, garment and textile could become the important trade commodities together with traditional herbal medicines, which haveRead More
Finland, Pak have every reason to solidify cooperation
Ambassador of Finland to Pakistan Hannu Ripatti talked exclusively to Daily Islamabad POST, Centreline magazine and Diplomatic News Agency (DNA). Ambassador Ripatti explained closure of the Finnish embassy back in 2012. He also talked about business potential of Pakistan and Finland. Here are excerpts from his interview. Ansar Mahmood Bhatti On Bilateral Relations Finland closed the embassy about 10 years ago and the reason for closing was for finances basically after the so-called dot com crisis. At the same time security cost was also a reason not just Islamabad butRead More
UN urges massive response for Pak flood recovery
French President Macron, Turkish President Erodgan and EU Commission chief Ursula von der Leyen stress immediate measures Special Correspondent Geneva, JAN 9: The UN chief called Monday for “massive investments” to help Pakistan recover from last year’s devastating floods, saying it was “doubly victimised” by climate change and a “morally bankrupt global financial system”. “No country deserves to endure what happened to Pakistan,” UN Secretary-General Antonio Guterres told an international conference in Geneva, which is seeking billions of dollars to support recovery from the disaster. Guterres opened the one-day eventRead More
Pak, Saudi Arabia agree to bolster cooperation
The Saudi Crown Prince received the Pakistani Army Chief in his royal tent in Al Ula ISLAMABAD, Jan 09 (DNA): Pakistan and Saudi Arabia have agreed to bolster military-to-military and defence cooperation between the two countries. The agreement reached during a meeting between Chief of the Army Staff General Asim Munir with Saudi Crown Prince Mohammed bin Salman. The Saudi Crown Prince received the Pakistani Army Chief in his royal tent in Al Ula and congratulated him on becoming the Chief of Army Staff of Pakistan Army. The meeting discussedRead More