’Willing’ to host next SAARC summit, Pakistani foreign minister says at UN meeting

FILE PHOTO: Flags of South Asian Association for Regional Cooperation (SAARC) countries flutter outside the venue of the SAARC summit in Islamabad, 01January 2004. (AFP)
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Updated 25 September 2020
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’Willing’ to host next SAARC summit, Pakistani foreign minister says at UN meeting

  • A summit of South Asian leaders set for Islamabad in 2016 was called off as several countries led by India decided not to attend
  • Modi canceled 2016 SAARC visit after blaming Pakistan for a deadly assault on an army base, which Pakistan denies

ISLAMABAD: Pakistani foreign minister Shah Mahmood Qureshi has said this week the South Asian nation had restated its willingness to host the next summit of the South Asian Association for Regional Cooperation (SAARC).
A summit of South Asian leaders set for Islamabad in 2016 was called off as several countries, led by India, decided not to attend amid rising tensions between arch-rivals New Delhi and Islamabad over militant attacks.
SAARC member states are Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka.
“I restated Pakistan’s willingness to host the 19th SAARC Summit and for obstacles created in its way to be removed for SAARC to function as an effective instrument of regional cooperation,” Mahmood said in a Twitter post, providing details of the SAARC Council of Ministers meeting held on the sidelines of UN75, the 75th anniversary of the UN.

“As a founding member of #SAARC, [Pakistan] attaches great importance to the platform & charter which upholds the principle of sovereign equality as basis for meaningful regional cooperation,” the foreign minister added. “We will continue to play a proactive role toward the success of this important organization.”
In 2016, tensions between India and Pakistan rose as Indian Prime Minister Narendra Modi canceled a visit to Islamabad for SAARC after blaming Islamabad for a deadly assault on an army base in the disputed Himalayan region of Kashmir that had heightened fears of a new conflict between the nuclear-armed neighbors.
India said militants sneaked across the de facto border that separates the countries and killed 18 soldiers on September 18, 2016, the biggest loss of life for Indian security forces in the region for 14 years.
Pakistan rejected the accusation and said India should conduct a proper investigation before it apportions blame.
Divided between India and Pakistan since 1947, the flashpoint of Kashmir lies at the heart of the countries’ rivalry.


Pakistan telecom authority approves PTCL’s $400 million deal to acquire Telenor

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Pakistan telecom authority approves PTCL’s $400 million deal to acquire Telenor

  • Deal will see PTCL’s mobile arm Ufone merge with Telenor Pakistan to create second-largest mobile operator
  • Regulator says will closely monitor transaction, urges both companies to ensure continuity, quality of services 

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) announced this week it has granted a no objection certificate to the Pakistan Telecommunication Company Limited (PTCL) to push ahead with its $400 million deal to acquire Telenor Pakistan. 

The major acquisition, which was announced earlier this year, will merge PTCL’s mobile arm Ufone with Telenor Pakistan to create the country’s second-largest mobile operator.

The development takes place as Pakistan’s telecom industry faces rising costs and regulatory pressures.

 “PTA evaluated the transaction’s impact on market competition and consumer interests, and consulted relevant government bodies to ensure full compliance with statutory requirements,” the authority said in a statement issued late Saturday. 

The PTA said both companies must ensure continuity and quality of services to consumers, urging them to uphold all license obligations during the transaction. 

“PTA will closely monitor the process to safeguard consumer rights and maintain a competitive and forward-looking telecom sector,” it added. 

PTCL had earlier said the acquisition will improve customer experience, enhance network quality and coverage, while enabling the whole sector to achieve greater efficiency, build resilient infrastructure and create a more competitive landscape. 

The deal is expected to reshape Pakistan’s telecom landscape, which has four major operators but remains under pressure from thin margins, high spectrum fees and heavy capital expenditure needs.