Latest news with #ofPakistan
Business Recorder
11-08-2025
- Business
- Business Recorder
SBP to remain closed on Thursday, August 14
The State Bank of Pakistan (SBP) on Monday said it will remain closed on Thursday, August 14, 2025, in observance of Independence Day. 'The State Bank of Pakistan will remain closed on Thursday, August 14, 2025 being a public holiday on the occasion of 'Independence Day' as declared by the Government of Pakistan,' read a statement.
Business Recorder
01-07-2025
- Business
- Business Recorder
High Commissioner of Kenya visits FCCI
FAISALABAD: Lt General Peter Mbogo Nijru (R), High Commissioner of Kenya has appreciated the 'Look Africa' policy of the Government of Pakistan urging upon the business community of Faisalabad to fully harvest its dividends by enhancing bilateral trade and making investment in Kenya. Addressing the business community in Faisalabad Chamber of Commerce & Industry (FCCI), he said that textile was the only globally recognized sector of Faisalabad but he has now come to know that pharmaceutical, chemicals, food processing, IT and other sectors are now also growing at a much faster pace. He said that Pakistani investors could invest in Kenya to produce different commodities in addition to its processing, packaging and exports to African and other countries. He mentioned the African Union and said that products manufactured in Kenya could be exported to different countries without any duty. 'Similarly Kenyan products have duty and quota free access to some European and American markets,' he said and added Pakistani investors could also explore this opportunity. He said that we must negotiate trade agreements between Pakistan and Kenya to give a quantum jump to our bilateral trade. He said that Kenya also offers huge opportunities for the promotion of tourism as it has scenic valleys like Gilgit and Baltistan. He also congratulated FCCI on its Golden Jubilee Year and hoped that it would make tremendous progress in the coming years. Earlier Rehan Naseem Bharara, President FCCI welcomed the Kenyan High Commissioner and said that our Ministry of Commerce was negotiating on an agreement to provide access to the Pakistani exporters to the eight different African countries including Kenya. He said that Pakistan was importing huge quantities of tea and coffee from Kenya and its investors must consider the cultivation and processing of these products in Pakistan. He also mentioned some tariff barriers and said that the Kenyan Government should revisit existing tariffs particularly on confectionary products. He also stressed the need to promote direct contacts between the business communities of the two countries and pointed out that some Pakistani banks are reluctant to accept LCs issued by the Kenyan banks. He said that this issue should be resolved on a top priority basis to streamline the banking channels. Naveed Akram Sheikh, Mirza Zahid Iqbal, Jawad Shafique, Mirza Muhammad Ashraf Mughal and Mian Muhammad Tayyab took part in the question answer session while Qaisar Shams Gucha, SVP offered vote of thanks. Rehan Naseem Bharara decorated Peter Mbogo Nijru with a special pin of FCCI Golden Jubilee. He also presented a FCCI shield to the Kenyan High Commissioner while they also exchanged gifts with each other. Bonface Njoroge Njuguna, Commercial Attaché of Kenya was also present during this meeting. Copyright Business Recorder, 2025
Business Recorder
27-06-2025
- Politics
- Business Recorder
Pakistan hails UNSC's decision to remove references from report on children and armed conflict
Pakistan welcomes the decision announced by the United Nations Secretary General to remove its references from the Annual Report on Children and Armed Conflict. 'This significant outcome is a testament to the Government of Pakistan's constructive, sustained, and intensive engagement with the United Nations, including close cooperation with the Office of the Special Representative of the Secretary General for Children and Armed Conflict (SRSG‑CAAC), the Foreign Ministry said in a statement. The decision reflects international recognition of the strong institutional, legislative, and policy measures implemented by Pakistan to protect and advance the rights and well‑being of children. It is an affirmation of Pakistan's firm commitment to aligning its national legal and institutional frameworks with international norms and best practices for safeguarding children affected by conflict and violence. Pakistan reaffirms its steadfast commitment to collaborate closely with the United Nations to enhance and strengthen efforts for protecting and promoting children's rights, ensuring a safer and brighter future for generations to come.
Qatar Tribune
21-06-2025
- Politics
- Qatar Tribune
Pakistan nominates Trump for Nobel Peace Prize over India crisis role
dpa Islamabad Pakistan has recommended US President Donald Trump for the 2026 Nobel Peace Prize in recognition of his 'diplomatic intervention' during the recent India-Pakistan crisis, which brought the two nuclear powers to the brink of all-out war. 'The Government of Pakistan has decided to formally recommend President Donald J Trump for the 2026 Nobel Peace Prize, in recognition of his decisive diplomatic intervention and pivotal leadership during the recent India-Pakistan crisis,' Islamabad said in a statement posted on X. The government said that Trump demonstrated great strategic foresight and stellar statesmanship at a moment of heightened regional turbulence through robust diplomatic engagement. This averted a broader conflict between the two nuclear-armed states that would have had catastrophic consequences for millions of people in the region and beyond, Islamabad said. 'This intervention stands as a testament to his role as a genuine peacemaker and his commitment to conflict resolution through dialogue,' the statement said. The announcement comes days after Pakistan's army chief, Asim Munir, had an unprecedented White House lunch. Trump said he was 'honoured' to meet Munir.
Scroll.in
21-06-2025
- Politics
- Scroll.in
Pakistan nominates Trump for Nobel Peace Prize, cites ‘pivotal' role during conflict with India
Pakistan announced on Saturday that it has nominated United States President Donald Trump for the 2026 Nobel Peace Prize 'in recognition of his decisive diplomatic intervention and pivotal leadership' during the recent conflict with India. 'The Government of Pakistan also acknowledges and greatly admires President Trump's sincere offers to help resolve the longstanding dispute of Jammu and Kashmir between India and Pakistan – an issue that lies at the heart of regional instability,' Islamabad stated in a social media post. It also described Trump as a 'genuine peacemaker'. The winner of the 2026 Nobel Peace Prize is expected to be announced in October 2026. Pakistan to recommend US President Donald Trump for the Nobel Peace Prize 2026: Pakistan statement — Sidhant Sibal (@sidhant) June 21, 2025 Pakistan's announcement came days after Trump claimed that he deserved the Nobel Peace Prize for multiple global peace efforts, The Hindu reported. 'I should have gotten it four or five times,' the US president was quoted as saying by AP. 'They won't give me a Nobel Peace Prize because they only give it to liberals.' In a social media post on Saturday, Trump reiterated that he would never receive a Nobel Peace Prize, 'no matter what I do'. He also repeated his claim that he had helped 'stop the war' between India and Pakistan. New Delhi has rejected Trump's assertions. On Wednesday, New Delhi stated that Prime Minister Narendra Modi had told the US president that India will never accept mediation to resolve tensions with Pakistan. Trump was also told that New Delhi had agreed to the ceasefire only on Islamabad's request, said India's Foreign Secretary Vikram Misri. Hours after the statement, Trump hosted Pakistan's Chief of Army Staff, Field Marshal Asim Munir, at the White House. Speaking afterwards, Trump thanked both Munir and Modi for their roles in 'ending the war', and noted ongoing trade discussions with both countries, The Hindu reported. The tensions between New Delhi and Islamabad escalated on May 7 when the Indian military carried out strikes – codenamed Operation Sindoor – on what it claimed were terrorist camps in Pakistan and Pakistan-occupied Kashmir. The strikes were in response to the terror attack in Jammu and Kashmir's Pahalgam, which killed 26 persons on April 22. The Pakistan Army retaliated to Indian strikes by repeatedly shelling Indian villages along the Line of Control in Jammu and Kashmir. At least 22 Indian civilians and eight defence personnel were killed. On May 10, India and Pakistan reached an 'understanding' to halt firing following a four-day conflict. New Delhi's announcement on the decision to stop military action had come minutes after Trump claimed on social media that India and Pakistan had agreed to the ceasefire. However, India has said that the decision to stop firing was taken bilaterally and that there was no intervention by the US. The winner of the Nobel Peace Prize is selected by the Norwegian Nobel Committee. The five-member panel is appointed by the Norwegian Parliament. According to the Nobel Prize website, a nomination for the Peace Prize is valid if submitted by qualified individuals such as government officials, judges, professors, former laureates or members of recognised peace organisations. This includes 'members of national Assemblies and national governments of sovereign states as well as current heads of state'. Self-nominations are not accepted.
