All posts by Vaida

Pakistani Mango & Food Festival, Friday July 28th

Mango & Food festival BROCHURE

Embassy of Pakistan to Sweden & Finland together with Trade Development Authority of Pakistan (TDAP) invites You to come and experience the flavours of Pakistani food together with the sweetness of different types of Pakistani mangoes.

Spice up Your Friday with traditional Pakistani food or sweeten it by our delicious mangoes or mango shakes!

Time: Friday 28th July, 2017

Place: Sergels Torg.

                                   ENJOY!

Exhibition SOURCE PAKISTAN in Stockholm!

brochure

Embassy of Pakistan in Sweden together with Pakistan Sweden Business Council (PSBC) is organizing a single country exhibition where Pakistani products like textile, carpets, handicrafts, furniture, jewelry, leather and sport items will be displayed.

You are very welcome to join with free entry and experience a spirit of Pakistan in the capital of Nordics Stockholm on 31st Aug- 1st Sept, 2017.

Community-managed hydropower plants: PPAF receives global recognition

he Pakistan Poverty Alleviation Fund (PPAF) here on Thursday received global recognition for its community managed Hydropower Plants. According to PPAF announcement, here on Thursday, the award winning project is about 55 micro hydro plants completed in Northern Areas during the period 2004 to 2015 with funding from the World Bank, and the United States Department of Agriculture.

The prestigious Energy Institute (EI), UK has selected these PPAF projects in the EI Awards Community Initiative category for 2016. Besides clean energy the project is providing light and much needed economic opportunities through enterprise development for nearly 12,000 households. PPAF is at forefront to play lead role in increasing access to modern, affordable, reliable and sustainable energy resources.

PPAF began its renewable energy programme in 2003 and has completed over 3,900 projects of different types and sizes through grants and microcredit funded by the World Bank, United States Department of Agriculture (USDA), and the German Ministry of Economic Cooperation and Development (BMZ) through the German Development Bank (KfW).

These included development of mini hydroelectric plants, decentralised solar lighting and solar home systems, wind energy projects, solar-wind hybrid systems, solar water pumping projects and biogas plants.

PPAF with funding from KfW is currently implementing the Hydropower and Renewable Energy project. Under this project, PPAF through its partner organizations is implementing 5 Micro and Mini Hydro Power Projects ranging from 36kw to 306kw in Chitral, Buner, and Upper Dir districts of KP while the Solar Lighting System (SLS) component of the project covers 96 mini-grid systems with a cumulative capacity of 500kw in the Lakki Marwat, Karak and Swabi districts of KP. Qazi Azmat Isa, CEO of PPAF, said that the PPAF is committed to combating poverty and mitigating the effects of climate change on marginalized communities across Pakistan.

Source: http://www.brecorder.com/pakistan/industries-a-sectors/fuel-a-energy/193:pakistan/104214:community-managed-hydropower-plants-ppaf-receives-global-recognition/?date=2016-11-18 

Chinese Ship Opens New Trade Route Via Pakistani Port

Islamabad (AP) — Pakistan’s top civilian and military leaders traveled to the country’s southwest on Sunday to open a new international trade route by seeing off a Chinese ship that’s exporting goods to the Middle East and Africa from the newly built Gwadar port.

The first convoy of Chinese trucks carrying goods for sale abroad has arrived in Pakistan amid tight security using a road linking Gwadar to China’s northwestern Xinjiang region, the government said in a statement.

Prime Minister Nawaz Sharif said that Pakistan will provide best possible security to foreign investors to enable them to use the Chinese-funded port for international trade.

Amid security concerns for foreign workers, the Pakistani army has created a special force to guard the new trade routes and the port, which is located in insurgency-wracked Baluchistan province where an overnight blast at a shrine killed nearly 50 people.

The attack was claimed by the Islamic State group and Pakistani officials said it was aimed at harming the Chinese-funded projects in the southwest and elsewhere in the country.

China is building a network of roads and power plants under a project known as China-Pakistan Economic Corridor that is expected to absorb $46 billion in Chinese investment in the coming decades.

China and Pakistan have long maintained close political and military relations, based partly on mutual antipathy toward neighbor India. Gwadar port is located on the Arabian Sea and it occupies a strategic location between South Asia, Central Asia and the Middle East. The port is also located at the mouth of the Persian Gulf, just outside the Straits of Hormuz.

China is seeking convenient and reliable access to the Arabian Sea and the Indian Ocean. Chinese ships now use the Strait of Malacca, a narrow passage between the Malay Peninsula and Indonesia. The proposed new route would give China access to the Persian Gulf region and the Middle East.

 

Source: http://www.bloomberg.com/news/articles/2016-11-13/chinese-ship-opens-new-trade-route-via-pakistani-port

‘EU, Pakistan to sign 5-year strategic partnership’

KARACHI: European Union Ambassador to Pakistan Jean Francois Cautain on Thursday disclosed that the EU is planning to enter into a five-year strategic partnership with Pakistan.

In a meeting with the members of the All Pakistan Textile Mills Association (Aptma), the ambassador stated the current relationship between the EU and Pakistan has reached a mature level and needs to be strengthened further.

He also appreciated the efforts of the government to fight terrorism and assured his full cooperation in portraying the soft image of Pakistan in EU countries.

Speaking on the occasion, Aptma Senior Vice Chairman Zahid Mazhar requested Mr Cautain to encourage the owners of big brands in the EU to divert their bulk buying to Pakistan because it is ideally placed for the production of high-quality textile goods at competitive prices.

He also sought the ambassador’s support for encouraging the EU business community to increase investments in the textile sector of Pakistan in general and technical textiles in particular through joint ventures.

After the improvement in law and order in Pakistan, Mr Mazhar said the EU should remove the travel advisory. The Aptma official stated that the textile industry is fully meeting the 27 UN conventions related to the Generalised System of Preference Plus.

Published in Dawn, November 11th, 2016

http://www.dawn.com/news/1295493/eu-pakistan-to-sign-5-year-strategic-partnership

Pakistan and Emerging Markets in the World Economy, International Monetary Fund

Pakistan and Emerging Markets in the World Economy

https://www.imf.org/en/News/Articles/2016/10/24/SP102416-Pakistan-Emerging-Markets-in-the-World-Economy#.WCHa6pZ8TOE.gmail

Nordic Pakistan Business Summit, Helsinki edition January 19-20

nordicpakistan-businsessummit-helsinki

The dates of NPBS Helsinki Edition are now confirmed and companies from Pakistan, Sweden, Finland, Norway, Denmark, Iceland, Estonia, Latvia and Lithuania will meet in Helsinki on 19-20 January 2017 for business!

Then NPBS is back in Pakistan in April 2017 so the participating companies will have a revolutionary good chances to concrete business and professional follow-ups!

Standard and Poor’s upgrades Pakistan’s long-term credit to ‘B’

The international credit-rating organisation “Standard and Poor’s” improved Pakistan’s long-term credit rating from B-Negative to ‘B’ with stable outlook.

In a report released on Monday, Standard and Poor’s also lauded Pakistan’s continuous improvement in governance under the current government.

In recent report released by Standard and Poor’s, credit rating organisation has acknowledged improved macroeconomic stability of Pakistan economy and indicated rise in growth prospects.

Standard and Poor’s revised Pakistan’s upward forecasts of average annual GDP growth from 4.7 per cent to over five percent during 2016 to 2019.

“Domestic security has improved, but legacy constraints on the ratings remain.We are raising our long-term sovereign credit ratings on Pakistan to ‘B’ from ‘B-‘, and affirming our ‘B’ short-term sovereign rating,” read the report released.

Standard and Poor’s also praised Pakistan’s policies which has helped minimising the risk in the economy.

“The stable outlook balances the potential benefits of the government’s reform efforts in bolstering Pakistan’s fiscal and external buffers against the risks that the reform program stalls or domestic security deteriorates during the next 12 months,” report added.

Source: http://www.dawn.com/news/1293424/standard-and-poors-upgrades-pakistans-long-term-credit-to-b