and stressed the need for resolution of the Kashmir
dispute in accordance with the wishes of Kashmiri people.
The four-page joint communiqué, released, outlined
the highlights of the Iranian president's three-day state visit,
essentially conveying Tehran's desire for enhanced strategic cooperation
The two sides underlined the importance of a gas
pipeline from Iran to India via Pakistan for economic development of the
region and called for an early completion of the project.
The communiqué indicated the resolve on both sides
to strengthen bilateral relations by enhancing cooperation in all
fields, particularly political, defence, economic, commercial, cultural,
science and technology.
The two sides also called for increased interaction
between parliament of Pakistan and the Islamic Consultative Assembly of
Iran to promote mutual understanding on bilateral, regional and global
The official talks that focused on bilateral,
regional and global issues laid emphasis on enhancing cooperation
between the two countries, said the communiqué.
While expressing satisfaction over the growing
positive momentum in the friendly relations between Pakistan and Iran,
the communiqué said, both sides agreed to enhance interaction through
regular exchange of high-level visits.
ISHRAT FOR MOBILE BANKING
The State Bank of Pakistan Governor Dr Ishrat Hussain
wants Pakistani banks to go ahead with M-banking and M-commerce as
number of cellular phone holders is on increase.
Speaking on the inauguration of Habib Bank's
E-Banking and internet services, the State Bank governor that it was a
big day in Pakistan's banking.
Calling Habib bank a 'jewel in the crown' he hoped
that other banks will also follow the suit and come out with a variety
of internet related products to serve their clients.
$4BN MORE ANNUAL INVESTMENT REQUIRED
Due to alarming increase in the total national
population, Pakistan needs $4 billion additional annual investment to
maintain its current level of GNP per capita.
Making a presentation on "Population,
development and Pakistan: experiencing the population equation"
during a workshop, Dr Mohsin, UNFPA's Islamabad-based advocacy adviser,
said the net annual addition to the total national population of the
country required $4 billion additional investment in Pakistan every year
to maintain its current GNP per capita level of $430.
Pakistan is experiencing 3.1 million net addition
every year in its 146 million total population making the country all
set to get doubled its population in the year 2035.
As 3.1 million people are adding up to the total
national population every year, Pakistan, Dr Mohsin said, needed $1.3
billion to help them have GNP per capita of $430.
WB WANTS SUBSIDIES ON POWER TO END
The World Bank has called upon Pakistan, India and
Bangladesh to end subsidies on power with a view to remove their fiscal
In its "Annul Report 2002", released, the
World Bank said that there was a need for power reform in South Asia.
"In virtually every country of South Asia, but particularly in
Bangladesh, India, and Pakistan, large subsidies for power have become
the single largest source of fiscal imbalances".
Reduction of these subsidies, the Bank urged, is an
essential step to restoring national and substantial fiscal balances and
to freeing resources for much-needed investments in infrastructure and
PAKISTAN SEEKS DELETION FROM INS LIST
Pakistan has formally asked the United States to
remove its name from the list of nations whose citizens are being
considered a security risk.
Visitors from such countries have to register with
the US Immigration and Naturalization Service, besides being required to
appear for special interviews, submit their photographs and
FOUR ACCORDS SIGNED WITH IRAN
Pakistan and Iran signed four agreements and a
Memorandum of Understanding Tuesday to enhance bilateral relationship.
The agreements relate to trade, plant quarantine, and science and
The signing ceremony held at the foreign office was
attended by ministers of both the countries and members of the Iranian
DEBT COORDINATION OFFICE SET UP
A high-level Debt Policy Coordination Office has been
set up in the Ministry of Finance to deal with debt problems. "The
office will start functioning from January 2003," said its newly
appointed director general Dr Ashfaque Hasan Khan.
He told that he had accepted the offer which was
MP-1. However, he said he would continue to work as the economic adviser
to the ministry of finance till the appointment of the new adviser.