Pakistan, Britain agree to boost cooperation in counter-terrorism, prevention of human trafficking 

1 / 2
Federal Secretary for Interior, Aftab Akbar Durrani in a meeting with the 2nd Permanent Secretary of British Home Office Simon Ridley on January 15, 2023 in Islamabad, Pakistan. (APP)
2 / 2
This handout image made available by Europol on November 4, 2021 shows a group of migrants smuggled in a truck in an unknown location. (AFP/File)
Short Url
Updated 15 January 2024
Follow

Pakistan, Britain agree to boost cooperation in counter-terrorism, prevention of human trafficking 

  • The development comes a month after Pakistan launched its first hotline to register complaints against human trafficking 
  • Last month, Islamabad hosted inaugural session of Pakistan-UK Counter-Terrorism dialogue covering wide range of areas 

ISLAMABAD: Pakistan and Britain have agreed to further enhance cooperation in counter-terrorism and the prevention of human trafficking, Pakistani state media reported on Monday. 

An understanding to this effect was reached during a meeting between Pakistan’s Interior Secretary Aftab Akbar Durrani and Simon Ridley, second permanent secretary of the British Home Office, in Islamabad, the state-run Radio Pakistan broadcaster reported. 

“During the meeting, both parties also agreed to advance cooperation between the law enforcement agencies of the two countries,” the report read. 

“Progress on the extradition agreements between Pakistan and the United Kingdom was also reviewed.” 

The development comes more than a month after the Federal Investigation Agency (FIA) launched Pakistan’s first hotline to register complaints against human trafficking in the country. 

The move was part of a widening crackdown on human traffickers by Pakistani authorities since June last year after around 300 Pakistanis died when a rusty trawler sank off Greece. 

In Dec. 2023, Islamabad hosted an inaugural session of the Pakistan-UK Counter-Terrorism dialogue, according to the Pakistani Foreign Office. The Pakistani side was led by Director-General (Counter-Terrorism) Abdul Hameed, while the UK delegation was led by Chris Felton, head of Counter-Terrorism and Extremism Network (CTEN) for Asia. 

The dialogue covered a wide range of areas, reflecting the depth and breadth of counter-terrorism cooperation between the two countries, the Pakistani Foreign Office said. 


In a first, Pakistani corporate dairy farm to make $8.9 million market debut next month

Updated 6 sec ago
Follow

In a first, Pakistani corporate dairy farm to make $8.9 million market debut next month

  • Ghani Dairies to issue 104.2 million new shares, with most offered via book building
  • Company supplies milk to large processors including Nestlé Pakistan and Fauji Foods

KARACHI: Ghani Dairies Limited, a Pakistani corporate dairy farming company, plans to raise about Rs 2.5 billion ($8.9 million) through an initial public offering, in what would be the country’s first listing by a large-scale, automated dairy farm, its advisers said on Tuesday.

The company will issue 104.2 million new shares, representing 24.28 percent of its post-IPO paid-up capital, with 75 percent of the offering allocated through book building and the remainder offered to retail investors, according to a statement by JS Global Capital, the consultant to the issue.

The floor price has been set at Rs 24 per share, and the issue will be fully underwritten.

“This is not just a dairy farm, but a vision for Pakistan’s dairy future,” said Hafiz Avais Ghani, chief executive officer of Ghani Dairies, adding that the company aimed to expand capacity to better serve industrial clients and the broader market.

Ghani Dairies operates a fully automated dairy farm using imported high-yielding cattle and digital herd-management systems, supplying milk primarily to large food and dairy processors.

Its expansion plan includes the import of 1,250 dairy cows, construction of additional milking and heifer sheds, storage facilities and the installation of modern feeding and milking systems.

The company’s customers include Nestlé Pakistan, IRC Dairy, and Fauji Foods, according to the statement.

Khalil Usmani, chief executive of JS Global Capital, said the IPO would give investors exposure to a modern, corporate dairy operation at a time when demand for higher-quality milk and value-added dairy products was rising.

Book building for the offering is scheduled for Feb. 2–3, with the public offering expected to follow on Feb. 9–10, the statement said.