Tag: facility

  • ‘90% of fish consumed in Pakistan is unfit for human consumption’: WWF

    ‘90% of fish consumed in Pakistan is unfit for human consumption’: WWF

    An official at World Wide Fund (WWF) has revealed that approximately 90 per cent of the fish consumed in Pakistan is contaminated and unfit for human consumption.

    Muhammad Moazzam Khan, WWF’s technical advisor on marine fisheries, made the statement at a seminar titled “Blue Economy: An Avenue for Development in Pakistan” held at the Pakistan Institute of International affairs.

    He said that most of the fish sold on roadside carts is unhealthy for health because of lack of proper processing. He suggested that fish should be stored between 0 to 5 degrees Celsius to keep it from rotting.

    “Fish are very delicate protein items and putrefy very quickly if not iced or frozen as soon as possible,” said Khan. “It is usually kept at room temperature and sometimes at above 40 degrees Celsius and vendors sprinkle water on them to make them look fresher and keep them from decaying. But they have already become unfit for consumption, yet people buy and consequently, fall sick.”

    He also mentioned that the export of seafood was increasing but due to a lack of processing facilities and low-quality control, we were unable to achieve higher numbers. Pakistan exported around 10 per cent of the produce and the rest was degraded or damaged as most boats lacked deep freezers and other storage facilities.

  • Pakistan gets temporary relief of $3.68 billion from G-20 countries

    Pakistan gets temporary relief of $3.68 billion from G-20 countries

    The Ministry of Economic Affairs stated that the Government of Pakistan and the French Republic on Monday signed an agreement as part of the G20 Debt Service Suspension Initiative (DSSI).

    The government signed a DSSI, which amounted to the suspension of loans totaling $107 million under the G20 DSSI framework, according to a statement made in this regard by the ministry, according to Profit.

    This sum, which was initially due between July and December 2021, will now be paid back over a six-year period (plus a one-year grace period) in semi-annual installments, according to the statement.

    Federal Secretary for Economic Affairs Division Mian Asad Hayaud Din and French Ambassador to Pakistan Nicolas Galey signed the agreement today in Islamabad.

    Agreements for the revocation of $261 million between the government and the French Republic have already been signed.

    The ministry mentioned that the G20 DSSI has provided the fiscal space required to address the immediate health and financial demands of the Islamic Republic of Pakistan as a result of the support given by Pakistan’s development partners.

    According to the ministry, $3,688 million in debt has been suspended and rescheduled overall under the DSSI framework, which covers the period from May 2020 to December 2021.

    Pakistan has so far reached 93 agreements and signed them with 21 bilateral creditors for the restructuring of its liabilities under the G20 DSSI framework, totaling a delay of nearly $3,150 million.

    The above-mentioned agreements have been signed, bringing the total to $3,257 million. The G20 DSSI’s remaining agreements are currently the subject of negotiations.