Published On: Tue, Jan 21st, 2014
Published in Category: Islamabad

Pakistan faced serious security situation, requiring extraordinary measures: PM (Detailed)

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ISLAMABAD: with Prime Minister Muhammad Nawaz Sharif has expressed that Pakistan faced serious security situation, which required extraordinary measures to address.

The Prime Minister in his opening remarks during the Federal Cabinet meeting today at the PM Office also referred to the All Parties Conference which was convened earlier and said that its decisions were endorsed by all the political parties.

He also added that APC also endorsed the stance that economy and security of Pakistan would not be played upon for gaining political mileage. “Most political parties have shown maturity in this regard, said the Prime Minister.

“A number of developments have taken place thereafter and the Government is closely following them; and about which all political parties would be kept informed about, while they would also be them into confidence”, he resolved.

Prime Minister said that cross border illegal movement at the porous border between Afghanistan and Pakistan needs to be curbed, directing Interior Ministry to take up this matter with their Afghan counterparts and evolve a joint mechanism, strategy.

He also assured to do whatever possible to restore peace alleviate poverty and put the country on the road to progress. “We have to establish rule of law and create a society based on equality, justice and mutual respect. We are not going to compromise on this at all”, he averred.

The Cabinet was also given a comprehensive briefing on Internal Security Policy draft and after extensive discussions it was decided to incorporate suggestions and proposals given by the members of the Cabinet.

The draft policy will be brought before the Cabinet for further deliberations in its next meeting; while the Prime Minister on this occasion appreciated the important role played by the media and law enforcement agencies in the war against terror.

The Cabinet also noted with satisfaction that the Karachi Stock Exchange had crossed the record level of 27,000 points which is an evidence of business community’s confidence in the economic policies of the Government.

He said that Pakistan had great potential and if peace and security was restored, significant economic progress and development could achieve in short time.

The Cabinet gave its consent to numerous MOUs, which among countless other included ex-post facto approval for MoU with M/S Norinco International (People’s

Republic of China) on energy and mass transit projects and approval for a MoU with India for Trade of Electricity.

The Cabinet gave approval to the signing of the MoU between Pakistan and India for Trade of Electricity. The Ministry of Water & Power had initiated negotiations with India in this regard, while the World Bank had undertaken to finance feasibility study of the project.

The Federal Cabinet accorded approval to the signing of MoU with the EXIM Bank of Turkey for a Credit Line of US$ 300 Million for Pakistan, to be utilized for promotion of trade between the two countries.; while another such accord with China for Interest-Free Loan of RMB 100 Million for a period of twenty years including ten years grace period.; the loan to be predominantly used for education purposes.

Approval, in principle was accorded by the Cabinet for Negotiating the Draft Memorandum of Understanding on Defense Exchanges between the Governments of

Japan and Pakistan; providing a platform for strengthening the existing bilateral relations in the field of Defense exchanges.

The Cabinet consented to Pakistan’s signing the Multilateral Convention on Administrative Assistance in Tax Matters. The Convention aims to facilitate international cooperation for better enforcement of national tax laws while respecting fundamental rights of the tax payers.

The Cabinet accorded approval for signing of Protocol on Cooperation in Science and Technology between Scientific and Technological Research Council of Turkey (TUBITAK) and Pakistan Science Foundation (PSF). The Protocol provides for joint research projects, exchange of scientists and information by holding joint workshops and seminars in various fields of science and technology.

Earlier, the Federal Cabinet offered fateha for the persons martyred in Bannu and R.A Bazaar bomb blasts and media persons who lost their lives in terror attacks. Fateha was also offered for the father of Anusha Rehman, Minister of State for IT who died recently.
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