Day: February 15, 2023

Pakistan's ambassador to the United States Masood Khan says both countries have built a strong relationship over the decades and look forward to further diversify their partnership in trade, investment, education, climate change, IT and agriculture sectors.

He was speaking at a talk on Pakistan-US partnership for Regional Peace and Stability organized by the South Asian Study Council at Yale University.

The ambassador said both countries have cooperation in areas of security, economy and people-to-people exchanges from the early stages that laid the foundations for a strong partnership.

He said recent engagements have transformed Pak-US ties and new pathways for cooperation, particularly in the economic realm.

Masood Khan said bilateral trade between the two countries has been growing fast and the United States continues to be the largest export market for Pakistan.

He mentioned the growing business and tech sector relationship between the two countries.

About education sector, the ambassador said the number of Pakistani students enrolled in US educational universities has increased by 17 percent to 8,000 this year.

Source: Radio Pakistan

Session of the Senate started at the Parliament House in Islamabad on Wednesday evening with Chairman Sadiq Sanjrani in the chair.

Finance Minister laid a copy of the "The Finance (Supplementary) Bill, 2023" in the House.

The chair referred the bill to the standing committee concerned and adjourned the House to meet again on Friday at 10:30 a.m.

Source: Radio Pakistan

President Dr Arif Alvi has called for streamlining Banking and insurance sectors in the economic interest of the country.

Addressing a seminar in Karachi on Wednesday, he said that the country could be steered on the path of progress by following the teachings of Quaid-e-Azam Muhammad Ali Jinnah and adhering to the constitution.

He said the only way to strengthen democracy is to follow the constitution.

The President said increase in imports has affected balance of payments and urged to focus on increasing exports to bring national economy on right track.

Dr Arif Alvi said resources all over the world have become limited therefore the world is now depending on recycling items.

He said flow of the money is in the interest of economy and both the banking and insurance sectors can play an important role in this regard.

He stressed upon the need of carrying out insurance of crops so that losses to the agriculture sector in recent flood like calamities could be compensated in a better way.

Dr Arif Ali said there is need of fully tapping human resources potential of the country by educating and developing its skills.

Source: Radio Pakistan