Tag: US

  • ‘Free and fair’ elections, demands Khan

    ‘Free and fair’ elections, demands Khan

    Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Sunday demanded free and fair election and revealed that he expects match-fixing in Punjab by-elections.

    PTI took out countrywide protests against rising inflation at Khan’s call on Sunday. Khan addressed his supporters via video-link.

    On Monday, Khan thanked his supporters for coming out across Pakistan yesterday, especially those “who braved difficulties & in some cities rain, to join our protest against massive inflation & clearly reject Imported Govt of crooks imposed by US regime change conspiracy”.

    No free lunch, warns Khan

    Imran Khan warned that Pakistan can become the next Sri Lanka. He said that Finance Minister Miftah Ismail has asked for the support of the United States (US) for the revival of the International Monetary Fund (IMF) programme. “I want to tell Miftah Ismail and Shehbaz Sharif that the Americans have a philosophy, which is that there is no free lunch. Everything has a price. The US will extract our sovereignty as a price.” Khan said that the new government seems ready to pay this price.

    Recognising Israel part of foreign conspiracy agenda: Khan

    Khan also mentioned Pakistan People’s Party (PPP) Senator Saleem Mandviwalla’s statement on the potential of Pakistan having diplomatic ties with Israel. “This is part of the same agenda due to which there was a regime change. The agenda is to follow what Israel, India and the US want,” said Khan.

    However, Mandviwalla clarified on Sunday that his words were being taken out of context. “I never wanted Pakistan to further ties with Israel or indulge in trade with it,” said Mandviwalla, adding that recognising Israel was not in Pakistan’s interests.

    Match-fixing in Punjab by-polls on the cards

    “We have to struggle together. Get ready. I will soon give another call for protest, which will continue until we are given a date for free and fair elections. Not just elections but free and fair elections,” said Khan.

    He reiterated that there is a plan of rigging by-elections in Punjab through ‘match-fixing’. By-polls in Punjab are set to take place next month in July.

    Imran Khan’s full address can be seen here:

  • DG Khan Cement to export 50,000 tonnes of cement to the United States

    DG Khan Cement to export 50,000 tonnes of cement to the United States

    Following long and complex certification processes, D.G. Khan Cement Company Limited (DGKCL), one of Pakistan’s largest cement producers, is set to export 50,000 tonnes of the building material to the sophisticated US market.

    This is a positive development for Pakistan, which is struggling to boost exports in the face of a burgeoning trade deficit that has steered the rupee to historic depths. The process took almost ten months for the renowned industrial group to complete the necessary certifications for delivering cement to US markets after winning the contract. TXDOT, LDOT, NCDOT, and SCDOT are among the certifications available.

    According to Brecorder, the company’s CFO, Inayat Ullah Niazi, stated that a ship was currently loading cement at a port in Karachi for delivery to Houston.

    It was not easy for the company to meet the contract for a monthly supply of 100,000 tonnes of cement to Texas. In August of last year, DG Khan Cement signed a contract with a US company for the year 2021.

    Since the United States lacks cement production, it imports it from Mexico, Canada, and Turkey.

    Finally. a Pakistani cement supplier has entered the US market for the first time, as demand for the construction material has risen dramatically, with buyers looking for other options in the wake of President Joe Biden’s $6 trillion infrastructure package.

    All of the mega infrastructure in the United States, including roads, bridges, and other structures, would be rebuilt as they were nearly a century ago under the announced package.

    Pakistan exported 4.971 million tonnes cement in the first 11 months of the current fiscal year (July-May), a negative growth of 43.32 per cent, according to export data. Cement exports to Afghanistan were only 813,493 tonnes during this time, a negative 65.04 per cent increase.

    With only 1.478 million tonnes exported, exports to other countries experienced negative growth of 27.2 per cent.

    As per industry insiders, after DG Khan Cement began discovering the US market for cement exports, other larger players began the certification process for their goods.

    According to the latest figures released by the Pakistan Bureau of Statistics (PBS), the country’s exports declined by 10.22 per cent on a monthly basis in May 2022, falling to $2.6 billion from $2.897 billion in April 2022.

    D.G. Khan Cement, one of Pakistan’s largest cement producers, earned Rs4.1 billion in the nine-month period ending March 31, 2022, a 26 per cent increase in profit. In the same period of 2020-21, the company made Rs3.25 billion in profits.

    It is worth noting that the business also received orders for cement export to the Philippines back in 2020.

    With a nearly 50 per cent (Rs300 per bag) increase in the last 12 months, more price increases would be required to offset the coal cost impact.

  • Pakistan’s GDP projected to climb by 5-6 per cent in FY 22-23

    Pakistan’s GDP projected to climb by 5-6 per cent in FY 22-23

    Finance Minister Miftah Ismail forecasted that Pakistan’s GDP would expand by 5 per cent to 6 per cent, and that the government would keep inflation under control, while speaking at the pre-budget conference on Tuesday, June 7.

    The Finance minister expressed his ‘high confidence’ in the agreement with the International Monetary Fund (IMF) and revealed that the government had developed a progressive fiscal budget with a deficit of less than 5 per cent, according to Express News.

    “We had to make difficult decisions; it’s difficult for any prime minister to authorise such a hike in petrol costs, but we were losing money.” “Every month, we lost more than 120 billion rupees,” the minister said.

    According to him, the PTI administration signed an IMF agreement that mandated the reduction of fuel subsidies.

    Miftah claimed the administration has re-engaged with China, Saudi Arabia, and the United Arab Emirates (UAE), among other countries, as part of the present government’s successful negotiations.

    “Following a meeting between Foreign Minister Bilawal Bhutto and Chinese Prime Minister [Li Keqiang], China decided to re-roll their $2.4 billion programme. China has lowered its borrowing rate from 2.5 per cent to 1.5 per cent, saving the country money “Miftah said, “Roughly $23 million”.

    He went on to say that the Saudis had agreed to increase Pakistan’s “oil line” and offer the country with a $100 million revolving credit.

    According to Miftah, the current government inherited a country with the world’s third highest inflation rate, 20 million people living in poverty, and widespread unemployment.

    He went on to say that the country’s debt payments had increased tremendously as a result of the amount of loans taken on by the PTI government.

    Pakistan’s economic paradigm, according to the minister, is inherently faulty. “We enrich the wealthy,” he remarked.

    The finance minister also spoke about one-time Rs2,000 assistance for 14 million families. The amount will be distributed in June at a cost of Rs28 billion to the government.

    Aside from the 7.3 million BISP recipients, the package also covers 6.7 million households with poverty levels of less than 37.

    According to Miftah, the country’s industry and consumers are heavily reliant on imports, causing the current account to be in deficit. He went on to say that Pakistan’s economy focuses on import substitution rather than export development, a paradigm that has been replicated in a number of developing countries.

    Aside from textiles, Pakistan has no big exports because the agriculture sector is failing to remain productive.

  • 17 female students from Pakistan to participate in Energy Scholars Programme in Qatar

    17 female students from Pakistan to participate in Energy Scholars Programme in Qatar

    The US Mission Pakistan has confirmed the commencement of the inaugural four-week Future of Women in Energy Scholars Programme of the US-Pakistan Women’s Council (USPWC). Beginning June 5, 17 outstanding Pakistani female university students will take part in this certificate programme to learn about working in the energy sector.

    By giving young women the chance to study energy issues and energy infrastructure at Texas A&M University’s Qatar campus, this programme will encourage women’s participation and leadership in Pakistan’s energy sector.

    Following their two-week programme in Qatar, the students will return to Pakistan for a two-week familiarisation trip to learn about Pakistan’s energy sector from key Pakistani public and private-sector organisations in Islamabad and Lahore.

    Enrolled Pakistani female students are presently pursuing bachelor’s degrees in science and engineering at private and public universities across the country.

    The US Mission is assisting Pakistani women in pursuing career opportunities in the energy sector and in developing networks for a prosperous future through this programme. “The USPWC Future of Women in Energy Scholars Program will give young women hands-on experience in the energy sector,” said USPWC Executive Director Radhika Prabhu.

  • ‘How the hell was I supposed to know?’, Khan defends Russia visit

    ‘How the hell was I supposed to know?’, Khan defends Russia visit

    In an interview with Journalist Mark Austin on Sky News, former Prime Minister (PM) Imran Khan defended his visit to Russia and said that he didn’t know that Russia was going to invade Ukraine when he landed in Moscow. Khan visited Moscow on February 23, a trip that landed him directly into a hotbed of criticism in the international community.

    Khan during the interview said, “How the hell was I supposed to know, the day I landed in Moscow, Putin is going to attack Ukraine? My statement in Moscow was that I have never believed in military solutions so I never endorsed that [Russian invasion of Ukraine]. Ours was a bilateral meeting, it was planned long before. How could you have punished me like that?”

    “I am against all military operations. I was against Iraq War, the Americans going to Afghanistan consistently and I am against military solutions in Ukraine”, he replied when asked about Russia’s aggressive acts in Ukraine.

    Khan once again reiterated that he was removed by the United States (US) and he has a cipher to prove it. The former premier, talking about what was written in the cipher, said, “Unless you remove PM through no-confidence motion there will be consequences for Pakistan, and if you remove him all will be forgiven.”

    ‘I was not elected to correct all the wrongs in the world’: Khan

    During the interview, Khan was asked why he was on friendly terms with countries like China and Russia when they had committed alleged human rights violations. Khan replied and said, “I was elected by 220 million. My first priority was that there are 50 million people in Pakistan below the poverty line, I was not elected to correct all the wrongs that are going on in the world.”

    “My responsibility was to my country and so all my relationships, whether it was with China, with the US, with Russia, were for the benefits of our own people,” he added.

    He, further pointed out that there are atrocities going on in Kashmir, and 100,000 people in Kashmir have died. “Has anyone condemned India for that? No, because India is an ally, allow us to be neutral too so we can look after our people.”

    ‘I am not a spokesperson for Taliban’: Khan

    Answering a question about the concerning situation of women in Taliban-led Afghanistan, Pakistan Tehreek-e-Insaf (PTI) Chairman said Pakistan has never supported the Taliban. He stated: “I am not responsible or a spokesman for the Taliban, if there was any other solution after 20 years of war, you should have found some solution.”

    Twitterati praised Khan for his interview.

  • Inflation in France hits record-high since 1990s

    Inflation in France hits record-high since 1990s

    Preliminary EU-harmonised statistics indicated that inflation in France surged more than projected in May to a new high, putting additional pressure on President Emmanuel Macron before upcoming legislative elections.

    Consumer prices rose 0.7 per cent in May, for a 12-month inflation rate of 5.8 per cent, up from 5.4 per cent in the last month and the highest rate since France started working on European Union methodology to generate the numbers in the early 1990s, as per the INSEE statistics.

    Inflation was predicted to grow to 5.6 per cent on average, considering a poll of eight economists in a report by Reuters.

    High inflation is at the top of France’s political agenda, and following the elections, Macron’s government has promised a new wave of measures to protect buying power.

    Apart from Malta, France has managed to maintain the inflation lower than the rest of the EU due to a 25 billion euro package of measures that includes, among other things, hefty price limits on gas and electricity.

    Annual inflation in France, as measured by the national consumer price index, climbed to 5.2 per cent in May from 4.8 per cent in April, reaching its highest level since September 1985, according to INSEE.

    This month, economists surveyed by Reuters projected an average growth rate of 5.0 per cent. In France, the national index is regularly monitored, whilst outside the country, the EU-harmonised index is used to assess inflation rates among euro-area nations.

  • Bilawal reaches New York, expected to meet Secretary of State Blinken

    Bilawal reaches New York, expected to meet Secretary of State Blinken

    Foreign Minister (FM) Bilawal Bhutto-Zardari reached New York on Tuesday on his first official visit to the United States (US).

    The foreign minister has gone for a three-day official visit to attend a global food security meeting at the invitation of US Secretary of State Antony Blinken.

    According to the Foreign Office (FO), Bilawal will have other important engagements today (Wednesday) including a bilateral meeting with Blinken.

    The FM will also participate in an open discussion at a United Nations Security Council (UNSC) meeting. He is likely to meet the UN Secretary-General António Guterres and the president of the UNSC.

    Bilawal was received by the Permanent Representative of Pakistan to the UN Ambassador Munir Akram and Pakistan’s Ambassador to the US Masood Khan.

    As per FO, the meetings will bring together a regionally diverse group of countries, including those most affected by food insecurity and those in a position to take action to address it. Bilawal will highlight Pakistan’s perspective and policy priorities in the two meetings. 

    “Pakistan will continue to play a proactive role in supporting international efforts to advance the shared objectives of a peaceful and stable world – free of conflict, poverty and hunger,” said the foreign office.

  • Maryam Nawaz says Imran Khan ran country through sorcery

    Maryam Nawaz says Imran Khan ran country through sorcery

    Addressing a public rally in Swabi, Pakistan Muslim League-Nawaz (PML-N) Vice President Maryam Nawaz, on Wednesday, accused former Prime Minister (PM) Imran Khan of using “sorcery” to run the country.

    Maryam said that the nation should be thankful to God for getting rid of a government which ran country through ‘sorcery’ and did nothing substantial for the country.

    Moreover, the PML-N leader urged the people of Swabi to vote for PML-N in the next elections so that “KP should also get rid of Imran Khan”.

    Criticising Khan, she said there is no truth to Khan’s ‘threat letter’ claims. She was of the view that the PTI chairman is “hiding his incompetence behind a fake threatening letter despite the fact that his own party’s MNAs went against him and MPAs [in Punjab] voted in favour of Hamza Shehbaz”.

    According to Maryam, the former PM left the economy in doldrums and maintained that it would at least take two years to bring the economy back on track.

    She also accused Khan of attacking state institutions for not siding with him.

  • US to pressure Taliban if they don’t remove restrictions on women

    US to pressure Taliban if they don’t remove restrictions on women

    The United States (US) has said that it will put pressure on Afghanistan’s Taliban government if the group does not reverse some of its recent restrictions on Afghan women, reports Reuters.

    US State Department spokesperson Ned Price reported saying on Monday: “We have addressed it directly with the Taliban. We have a number of tools that, if we feel these won’t be reversed, these won’t be undone, that we are prepared to move forward with.”

    Last week, the hardline group ordered women to cover themselves from head to toe in public, expanding a series of oppressive restrictions on women that dictate nearly every aspect of public life.

    Recently, the Taliban has reportedly stopped issuing driving licenses to women. However, there has been no official confirmation. Local media reports, cited by news agencies, said verbal orders have been issued to stop giving driving licenses to women, according to the Independent UK.

    Despite the fact that the international community, has on multiple occasions, made the education of girls a key demand for any future recognition of the Taliban administration, the group has barred Afghan girls from going to school beyond the seventh grade. Moreover, they have restricted women and girls from working and have limited their travel unless accompanied by a close male relative.