{"id":144846,"date":"2020-02-11T00:10:42","date_gmt":"2020-02-10T19:10:42","guid":{"rendered":"https:\/\/vid.app.com.pk\/vid\/?p=144846"},"modified":"2020-02-11T00:10:42","modified_gmt":"2020-02-10T19:10:42","slug":"business-community-should-become-partner-in-economic-diplomacy-qureshi","status":"publish","type":"post","link":"https:\/\/vid.app.com.pk\/vid\/2020\/02\/business-community-should-become-partner-in-economic-diplomacy-qureshi\/","title":{"rendered":"Business community should become partner in economic diplomacy: Qureshi"},"content":{"rendered":"<div style=\"width: 696px;\" class=\"wp-video\"><video class=\"wp-video-shortcode\" id=\"video-144846-1\" width=\"696\" height=\"557\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"https:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2020\/02\/Shah-Mehmood-Qureshi-addressing-at-IBA-Karachi-10-02-2020.mp4?_=1\" \/><a href=\"https:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2020\/02\/Shah-Mehmood-Qureshi-addressing-at-IBA-Karachi-10-02-2020.mp4\">https:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2020\/02\/Shah-Mehmood-Qureshi-addressing-at-IBA-Karachi-10-02-2020.mp4<\/a><\/video><\/div>\n<p>KARACHI, Feb 10 (APP):Foreign Minister Makhdoom Shah Mehmood Qureshi<br \/>\non Monday invited the business community to become partners in the<br \/>\ncountry&#8217;s economic diplomacy as the world states were focused more on<br \/>\nmarkets keeping in view their economic interests.<br \/>\n&#8220;Throughout the world, the success of foreign diplomatic policy<br \/>\nincreasingly depends on vibrant economic diplomacy, and this is not<br \/>\npossible without your support and partnership. There is need to create<br \/>\nstrong economic linkages with the world,&#8221; he said during an<br \/>\ninteractive session with the members of Federation of Pakistan<br \/>\nChambers of Commerce and Industry (FPCCI) here at the Federation House.<br \/>\nHe said the FPCCI, being the apex trade body and having links with<br \/>\ntrade bodies around the world and international economic forums, could<br \/>\nplay a very important role in establishing Pakistan&#8217;s economic links<br \/>\nwith other countries.<br \/>\nTo the proposal by FPCCI President Mian Anjum Nisar, the foreign<br \/>\nminister announced to form a working group comprising three or four<br \/>\nsenior PFCCI members and equal number of senior officers from the<br \/>\nForeign Ministry to help resolve the issues and streamline the things<br \/>\nlinked to economic diplomacy.<br \/>\nHe assured them that Prime Minister Imran Khan and his team was fully<br \/>\nalive of the grievances\/issues being faced by the trade and industry<br \/>\nin the country. The government was making all-out efforts for<br \/>\nindustrial growth and to boost exports. The economic stability and<br \/>\nhigh economic growth was its top priority, which would create jobs and<br \/>\naddress unemployment and poverty. It could only be possible with the<br \/>\nbusiness community&#8217;s support and cooperation.<br \/>\nQureshi urged the business community to make more investment in the<br \/>\ncountry as it would be win-win position not only for the government<br \/>\nbut also for them.<br \/>\n&#8220;You are the engine of economic growth and we are ready to extend all<br \/>\npossible support to you,&#8221; he reaffirmed.<br \/>\nAs a part of its initiatives for strong economic diplomacy, he said,<br \/>\nthe government had revamped and strengthened Pakistan&#8217;s missions<br \/>\nabroad, which included replacement of commercial counselors with<br \/>\nwell-trained and competent trade and investment officers. The<br \/>\ncommercial counselors had also been relocated to other countries where<br \/>\nthey could better work for bringing more trade and investment in the<br \/>\ncountry.<br \/>\nContrary to the past, he said, the diplomatic missions now had been<br \/>\ngiven clear targets of increasing trade and investment. Only those<br \/>\ndiplomats would continue on their foreign postings who would give<br \/>\nbetter economic results.<br \/>\nHe agreed to to FPCCI leadership that the country needed<br \/>\naggressive diplomacy, especially economic one to properly market its<br \/>\nproducts and the investment potential in the world.<br \/>\nThe foreign minister said he had advised Pakistan&#8217;s missions to<br \/>\nextend all support, care and respect to the visiting business<br \/>\ncommunity, and share maximum information on trade and investment for<br \/>\nbetter promotion of trade and bring foreign investment in the country.<br \/>\nThat, they should also respect and take care of Pakistani workers<br \/>\nearning money for the country.<br \/>\n&#8220;Overseas Pakistanis are the Mohsin-e-Pakistan. We must respect<br \/>\nthem,&#8221; he remarked.<br \/>\nQureshi supported the FPCCI leaders&#8217; demand that research and<br \/>\ninnovative\/scientific steps were needed to strengthen the country&#8217;s<br \/>\nagriculture sector to get high yield and have agri surplus for the<br \/>\nexport as it had big potential.<br \/>\nFor the purpose, he said, the government was going to enter an<br \/>\nagreement with the Chinese government on agriculture research.<br \/>\nThe minister said Pakistan would benefit a lot from the recently<br \/>\nsigned second free trade agreement (FTA-II) with China.<br \/>\n&#8220;China wants to relocate major industry and Pakistan could attract<br \/>\nthe Chinese investment,&#8221; he added.<br \/>\nHe emphasized the need for diversification, value-addition and<br \/>\nexploring new markets in the world, especially in Africa which one<br \/>\nbillion population and 500 billion dollars market. At present, he<br \/>\nregretted, Pakistan had only dollars 1.5 billon trade with 54 states<br \/>\nof Africa. There was also a big market for Pakistan&#8217;s light<br \/>\nengineering goods.<br \/>\n&#8220;We are opening new missions in African states,&#8221; he said, adding<br \/>\nrecently a big trade expo was successfully held in Nairobi, Kenya<br \/>\nwhich had huge participation from many African countries.<br \/>\nThe foreign minister said after its dismemberment from the European<br \/>\nUnion, the United Kingdom was keen to promote economic cooperation and<br \/>\npartnership with Pakistan as it needed new linkages.<br \/>\nHe said in pursuance of its agenda to control un-employment and earn<br \/>\nmore forex, the government had negotiated with the Qatar government to<br \/>\nexport 100,000 skilled Pakistani labour. Pakistan had also offered<br \/>\nsupply of labour and services to Qatar, which needed to construct<br \/>\nfacilities\/ infrastructure to hold the upcoming World Cup games.<\/p>\n<p>&nbsp;<\/p>\n<p>VNS Islamabad<\/p>\n<p>&nbsp;<\/p>\n<p>App\/ desk<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI, Feb 10 (APP):Foreign Minister Makhdoom Shah Mehmood Qureshi on Monday invited the business community to become partners in the country&#8217;s economic diplomacy as the world states were focused more on markets keeping in view their economic interests. &#8220;Throughout the world, the success of foreign diplomatic policy increasingly depends on vibrant economic diplomacy, and this [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":144847,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-144846","1":"post","2":"type-post","3":"status-publish","4":"format-video","5":"has-post-thumbnail","7":"category-national","8":"post_format-post-format-video"},"video_url":["https:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2020\/02\/Shah-Mehmood-Qureshi-addressing-at-IBA-Karachi-10-02-2020.mp4"],"featured_media_src_url":"https:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2020\/02\/1-132.jpg","_links":{"self":[{"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/posts\/144846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/comments?post=144846"}],"version-history":[{"count":1,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/posts\/144846\/revisions"}],"predecessor-version":[{"id":144849,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/posts\/144846\/revisions\/144849"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/media\/144847"}],"wp:attachment":[{"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/media?parent=144846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/categories?post=144846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/tags?post=144846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}