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Prime Minister Nawaz Sharif says implementation of China Pakistan Economic Corridor project will put the country on the path of sustainable progress and development. He was addressing a ceremony after performing ground breaking of Pakistan-China Optical fiber cable project in Gilgit today. Mega project will not only bring economic benefits for the people but also help address the issue of extremism with the provision of job opportunities to the youth. Pak-China Optical Fiber cable project will prove to be a milestone in the development of IT and telecom services It will help to provide these facilities to the underdeveloped areas. The project will bring 3-G and 4-G services in Gilgit Baltistan. Optical Fiber Cable project, costing 44 million dollars will be completed in two years. Special Communication Organization will lay 820 kilometer long cable from Rawalpindi to Khunjarab. On completion the project will provide an alternate telecommunication route between Pakistan and China and the Central Asian States.

Olson congratulates Dar on successful talks with IMF

US Special Representative for Afghanistan and Pakistan, Richard Olson called on Finance Minister Ishaq Dar in Islamabad today, and congratulated him on successful conclusion of talks with the International Monetary Fund. Richard Olson invited Ishaq Dar to participate in the forthcoming Pak-US Business Opportunities conference. The Minister thanked Olson for the invitation, but expressed his inability to attend the conference due to engagements in budget preparations.

Dar reviews proposals on improvement in laws regulating flow of foreign exchange

Finance Minister Mohammad Ishaq Dar in a meeting reviewed proposals on bringing about improvement and changes in the laws regulating the inflow and outflow of foreign exchange in the country. State Bank of Pakistan, Securities and Exchange Commission of Pakistan and Federal Board of Revenue submitted reports, in the context of Finance Minister's instructions given earlier to plug loopholes in the system. Present government had the resolve to regulate the foreign exchange inflow and outflow in the country as well as to have effective law regarding disclosure of assets held abroad by Pakistanis.

Punjab to get three special economic zones

The government is planning to grant the status of special economic zones (SEZs) to three locations in Punjab as part of its measures to promote investment in the country. Three SEZs at Port Qasim, Korangi Creek (both in Karachi) and Khairpur have already been notified while a number of industrial zones from other provinces are in the process of being labelled as SEZs at the Board of Investment (BoI). The officials said one window facility is being provided to foreign investors through BoI headquarters and regional offices. In addition, the government is also undertaking steps to improve the SEZ act and make it more investor and business friendly.

‘Pakistan should Utilise Italy’s experience’

Pakistan should take advantage of Italy’s experiences and techniques for cultivation of Olive plants in Pakistan, said Minister for Planning, Development and Reform Ahsan Iqbal. Speaking at a meeting with an Italian delegation, led by Italy Ambassador Stefano Pontecorvo, he discussed ways and means to enhance Olive cultivation in Pakistan. He hoped that it would promote social and economic development in Federally Administrative Tribal Areas (FATA). Olive oil would be made available for the common people, said the minister, adding that development in the agriculture sector was an important part of ‘Vision 2025’. It may be mentioned here that under a mega project, Olive plants would be cultivated at 50,000 acres in Pakistan till 2019. Under the project, Olive plantation has already been completed at an area of 7,166 acres in Punjab, Khyber Pakhtunkhwa, Federally administered Tribal Area (FATA), and Balochistan province. Seven olive nurseries have been established so far and 13 specialised nurseries are in the process of being established at different components.

 Analyst:

Dr. Ibad Ullah ( MNA-PML-N);

“Govt believes in prosperity of the country. Pakistan-China Optical Fiber cable project will be a milestone in the development of IT and telecom services. Unfortunately, some miscreant elements always remain in try to put hurdles on the way of progress and development. I hope government's consistent policies will bring Pakistan among the prosper and developed nations of the world".


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