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President calls for resolution of conflicts for peace in region
November 13, 2019

President Arif Alvi has stressed the need for resolution of conflicts for peace and stability in the region and the world at large.

Addressing a seminar on Regional Peace and Development in Islamabad on Wednesday, he said there are several UN Security Council resolutions promising right of self-determination to the Kashmiri people. 

He said Pakistan and the Kashmiri people had hopes from the United Nations that these will be implemented.

He said the nations should rise above their vested interests and work collectively for the humanity to cope with the challenges including that of the global warming.

President Arif Alvi said Pakistan has overcome terrorism and the country learnt from its experiences. 

On the Indian Supreme Court's judgment in Babri Mosque, the President said there is frustration amongst the Muslims as well as other minorities in India.

The President said that Pakistan has a great and important role in establishing peace and stability in the region. He said the opening of Kartarpur corridor is a strong reflection of Pakistan's desire for regional harmony.

He said the global resources are under threat due to irresponsibility of some stockholders and the world should come forward to reduce causes of conflict in the world especially in South Asia.

Talking to Vice President, Government Relations South Asia, Royal Dutch Shell, James Hall, President said the Investment Policy of Pakistan has been designed to provide a comprehensive framework for creating conducive business environment for the attraction of Foreign Direct Investment.

Underlining the importance of renewable resource of energy, he urged the Shell Company to invest in these areas, since it has achieved a major breakthrough in this sector.  

He underscored that Pakistan's friendly Investment Policy provided no restriction on remitting capital, profits and dividends.

The President said Pakistan welcomes the interest of Shell in new projects and hopes that the company would keep investing in Pakistan for achievement of mutually beneficial targets of economic development.

Speaking on the occasion, James Hall said Shell has its footprint in Pakistan since the time of its independence in 1947 and has been privileged to play a vital role in the country's progress.

He said we are committed to work with the Government, sharing insights in energy transition and transitioning to a low-carbon future, building a sustainable energy future for Pakistan together.

Ijaz/Haider/Khokhar/Karrar