President Alvi urges nation to buy ‘Made in Pakistan’ products

President of Pakistan Dr. Arif Alvi. (AP)
Updated 02 December 2018
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President Alvi urges nation to buy ‘Made in Pakistan’ products

  • Pakistan needs to curtail its imports to reduce its mammoth trade deficit
  • The president asked to cut short on 'avoidable imported purchases' in the time of crisis

ISLAMABAD: President of Pakistan Dr. Arif Alvi, on Sunday, urged the nation’s to buy products 'made in Pakistan' to reduce the pressure on Pakistani rupee.

“Considering the pressure on the Pak rupee” the president wrote in a tweet, “I urge Pakistanis to buy ‘Made in Pakistan’.”

On November 30, Pakistan's currency plunged to an all-time low hitting PKR 143.5 against the USD in the inter-bank market before closing at PKR 138.5 -- losing 3.4 per cent against the back-drop of negotiations with the International Monetary Fund (IMF).

Pakistan sought a financial bailout package from the IMF to stabilize its cash-strapped economy which is marred by high fiscal and current account deficits and an enormously huge import-export gap. 

Analysts believe that Pakistan urgently needed to curtail its import bill until it finds a way to enhance its exports. 

“In this time of crisis, we must try to avoid luxury goods and avoidable imported purchases,” urged President Alvi.

He further added that, “If you put your mind to it, there is a long list of daily use [avoidable] imported products. This is what we must do together.”


Pakistan making diplomatic efforts to de-escalate Middle East tensions, FM says

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Pakistan making diplomatic efforts to de-escalate Middle East tensions, FM says

  • The statement came as Iran pressed on with a third day of strikes in the Gulf in response to US-Israeli air raids
  • Pakistan’s position is clear that all countries must abide by principles of UN Charter, international law, FM says

ISLAMABAD: Pakistan is making diplomatic efforts to de-escalate heightened tensions in the Middle East, Foreign Minister Ishaq Dar said on Monday, amid US-Israeli strikes on Iran and Tehran’s counterstrikes against US bases in Gulf countries.

Tensions escalated across the Middle East on Saturday after coordinated US-Israel strikes killed Supreme Leader Ali Khamenei among other senior Iranian officials. Tehran responded by targeting US military bases in the UAE, Bahrain, Qatar, Kuwait and Jordan. Saudi Arabia said Iran also launched attacks targeting Riyadh and the Eastern Province.

The Iranian missile and drone strikes continued on Monday in retaliation for the ongoing US-Israeli air raids, casting uncertainty over the future of the Islamic republic and heightening the risk of broader instability in the already volatile region.

Speaking at a press conference, FM Dar, who recently returned from Saudi Arabia where he attended an Organization of Islamic Cooperation OIC) meeting on Palestine, said Pakistan is very closely monitoring the evolving situation in Iran and the tensions which are building up in the region.

“These serious developments have taken place at a time when diplomatic efforts were underway to reach a peaceful and negotiated solution to [Iran nuclear program],” he said.

“We are making our full diplomatic efforts and, you know, requesting all parties to de-escalate and to refrain.”

Dar said Islamabad was concerned over a violation of the norms and international law, and the age-old tradition that the heads of state and the government should not be targeted.

“Post-World War II, we all know that these institutions were created to create some international, you know, law and order, and that’s why there was a UN Charter. There are certain conventions which we all are supposed to follow,” he said.

“But things are on ground moving very differently, which obviously is worrisome... The international law must prevail and the conventions must be respected.”

The statement came hours after the Ras Tanura oil refinery in Saudi Arabia sustained limited damage as a result of debris from the interception of two drones in its vicinity, the Saudi Press Agency reported, citing an official source at the Saudi Ministry of Energy.

Several American warplanes crashed in Kuwait on Monday morning but their crew survived, Kuwait’s defense ministry said, as Iran pressed on with a third day of strikes in the Gulf.

Dar said Pakistan’s position has been clear and persistent that all countries must abide by the principles of UN Charter and international law, including respect for the sovereignty and territorial integrity of other states as well as international humanitarian law.

“In my latest conversation with [Iranian] Foreign Minister Abbas Araqshi on 28th of February, I conveyed Pakistan’s condemnation of the attacks and called for restraint and diplomacy and dialogue, which he positively responded,” he shared.

“But on ground, we are seeing that things are not yet settling or easing out.”

Pakistan stands in full solidarity with all its brotherly countries and underscores the need to exercise maximum restraint, according to FM Dar.

“This is a message we have been giving to whosoever prime minister speaks, whosoever I speak, or whosoever Field Marshal Asim Munir speaks to, his counterparts on the defense side,” he said.