Tag: Bilateral ties

  • Japanese car companies consider establishing hybrid vehicle plants in Pakistan

    Japanese car companies consider establishing hybrid vehicle plants in Pakistan

    Japan has urged Pakistan to allow the import of manufacturing equipment for vehicles due to the shortage of dollars, which has affected the issuance of letters of credit to Japanese companies operating in the country.

    Japanese firms are considering the establishment of hybrid vehicle plants in Pakistan, with plans to export the vehicles from the country in the future.

    During a meeting between Ambassador Wada Mitsuhiro and Finance Minister Senator Ishaq Dar at the Finance Division, the Ministry of Finance issued an official statement. The Vice Chairman of Toyota, Shinji Yanagi, SAPM on Finance Tariq Bajwa, finance secretary, and senior officers were also in attendance.

    The finance minister briefed the envoy on the economic challenges and priorities of the government and emphasized that Japan is one of its major development partners. The cooperation between the two countries will strengthen in multiple fields for mutual benefit. The finance minister also welcomed the investment plans of Japanese companies in Pakistan.

    Ambassador Mitsuhiro praised the government’s pragmatic policies and actions and expressed confidence in the country’s economic policies. Meanwhile, a World Bank delegation led by Mamta Murthi, Vice President of the World Bank for Human Development, met with Dar at the Finance Division.

    Murthi emphasized the importance of investing in human capital, particularly in education, health and nutrition, social protection, population control, and women’s development. She also highlighted the importance of local ownership and community participation in implementing development projects.

    The finance minister briefed Murthi on the government’s policies and programs related to key areas of human development to uplift the masses and eliminate poverty in the country. He expressed the government’s commitment to work with the World Bank to achieve their shared goals of sustainable development in Pakistan.

  • PM Shehbaz congratulates Lula da Silva on his election as the new Brazilian President

    Brazil has elected leftist Luiz Inácio Lula da Silva as President after he beat far-right incumbent President Jair Bolsonaro in a tight presidential election on Sunday.

    Following the election, Prime Minister (PM) Shehbaz Sharif extended his wishes to Silva.

    “I extend my congratulations to H.E. Luiz Inácio Lula da Silva on his election as President of Brazil. I wish him great success and look forward to working with him to enhance bilateral relations between the two countries. We share consensus on the dangers of climate change,” he said in a tweet.

    According to the country’s election authority, Lula secured 50.8 per cent of the vote compared with 49.2 per cent for Bolsonaro.

    In his victory speech, Lula said, “This country needs peace and unity. This population doesn’t want to fight anymore.”

    This is the first time that the sitting president failed to re-win the elections.

    Bolsonaro has made no public statement on the outcome.

    Lula, a hero for the country’s left, could not run in the 2018 election after being incarcerated on corruption charges which were later annulled.

    Lula left the presidency 12 years ago with record popularity after serving from 2003-2010. His conviction was later overturned by the Supreme Court, allowing him to run again for president this year.

  • Pakistan and Afghanistan to launch luxury bus service in August

    Pakistan and Afghanistan to launch luxury bus service in August

    Pakistan and Afghanistan will launch a luxury bus service between Peshawar and Jalalabad, as well as Quetta and Kandahar, by the end of August.

    During the visit of Pakistan’s official delegation to Kabul, the two nations have also agreed to boost bilateral trade by allowing unrestricted travel for trucks and other goods-carrying vehicles. Meetings were held between the delegation and other top Afghan officials, including the temporary ministers of foreign and commerce.

    In a joint statement released at the conclusion of three days of talks between Pakistani and Afghan officials (July 18–20), both sides committed to continuing their efforts to remove obstacles through mutual cooperation and coordination.

    The delegation from Pakistan was led by Commerce Secretary Muhammad Sualeh Ahmad Faruqui and included businessmen as well as senior members of various ministries. The delegation from Afghanistan was led by Nooruddin Azizi, the minister of trade and industry, and Amir Khan Muttaqi, the acting foreign minister.

    In order to ensure prompt clearance of trade and transit traffic and to address bottlenecks and obstacles on a priority basis, the official also agreed to make border crossing points more efficient.

    In an effort to further boost trade between the two nations, the two sides approved the implementation of the Temporary Admission Document (TAD), which permits free movement of vehicles engaged in bilateral trade but prohibits the loading and unloading of cargo at border crossing points.

    Additionally, all crossing points, particularly Torkham, Kharlachi, Ghulam Khan, and Chaman-Spin Boldak, will have longer operating hours, according to the authorities.

    The bilateral discussions were still centred on trade. Both parties concentrated on enhancing bilateral trade, transit, and accessibility as well as taking the necessary actions to facilitate trade and address issues faced by importers, exporters, traders, and business owners in Pakistan and Afghanistan.

    In parallel, a delegation from the Afghan business community headed by Khan Jan Alokozai, co-chairman of the Pak-Afghan Joint Chamber of Commerce and Industry (PAJJCCI), arrived in Pakistan on Thursday to take part in a roundtable of Pak-Afghan trade stakeholders. Members of the PAJCCI as well as senior business figures from the Kunar and Nangarhar Chambers of Commerce and Industry make up the delegation.

    Zubair Motiwala, chairman of the PAJCCI, lauded the efforts of the commerce chamber in setting up visits to Chaman, Torkham, and Swat for joint discussions on bilateral and transit trade, exploring new trade avenues, removing trade barriers, and aiding governments in formulating policy.