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Pakistan’s economic security

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Pakistan is currently teetering on the brink of economic collapse. The recent floods have only added to this dire situation, and the loss to our economy has been unprecedented.

We can avoid this harsh truth as much as we want, but the fact cannot be denied that without strong, drastic measures Pakistan will have no choice but to default.

It is imperative that the government impose an economic emergency. This should be done with the consensus of all stakeholders. It is also extremely important to design and implement economic policies that range from short, mid to long term. The goal should be to implement policies that can carry the country forward. These policies need to be stand-alone, not affiliated with any political party, and should be applicable to all governments, regardless of affiliations. If need be, Pakistan should pass a constitutional amendment which enables it to enforce this policy without political advantage seeking.

The PDM government effectively discouraged luxury imports in order to enhance exports; however, this policy seems to be tapering off gradually. Export promotion needs to be the foundation of our economic policy and promoting industry and factories should be emphasized. Without industrial production, the economy cannot thrive.

It is also imperative to highlight human security. Pakistan cannot thrive if our focus does not shift to effectively prioritizing human security. This will involve synchronization between our economic, trade, foreign, food, security, export, import, industrial and climate change policies. After the National Security Policy Document of 2021, we saw a shift towards human security. And it is crucial this remains the cornerstone of any security policies going forward. Without human security, the social fabric will crumble, and with it, any chances of a stable economy crumble too.

The country needs a proper system for monitoring and evaluation. This system needs to oversee the working and harmonization of these policies and also amend and implement adjustments and changes whenever necessary.

Another area where there seems to be no harmony is in our commercial diplomacy. It is necessary that Pakistan should have a well-researched and well-thought-out commercial diplomacy policy. This policy needs to be bolstered by related institutions and qualified and trained people. Although it is a utopian idea, the well-being of the country needs to come above petty alliances and nepotism. People selected for these posts must be trained and capable. Their primary goal should be to enhance bilateral trade and exports, bringing in foreign direct investment and creating and strengthening ties with neighbouring as well as other relevant countries around the world.

Keeping women out of the economy has a massively damaging impact as they comprise more than half of the population. For economic growth, it is imperative that all citizens, including urban and rural women, have access to opportunities for entrepreneurship, business ownership, and capital. Keeping such a large chunk of the population out of the economy has a debilitating impact on the GDP of any country.

The government should devise strategies to prevent savings from only being invested in the real estate market and to move them towards economic areas that may be more productive or to long-term investment funds. In order to do this, it will be an uphill task to build people’s trust in the economy. The Extended Fund Facility (EFF) and the International Monetary Fund (IMF) cannot be the only fallback to our economy. Productive and prosperous economic growth will not be seen if we stay ensnared in the IMF system.

Pakistan needs to move towards the economic security goals of human resource development, poverty alleviation, and most importantly, political stability. The past year, specifically, has demonstrated how political instability and bad economic policies can bring a country to the doorstep of default.

Investing in Pakistan can be an arduous and complicated process for most foreign investors. The risks of an unstable economy also deter them from bringing their capital into the country. It is, therefore, imperative to have an investor-friendly system in order to encourage FDI.

The Board of Investment (BoI) needs to work on promoting investment by simplifying the steps and do its utmost to move upward on the ease of doing business index. For this, the BoI will have to be restructured with a skilled management that can help Pakistan move forward.

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Pakistan

4 dead, 12 injured as sucide blast rips through Hangu mosque

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  • Incident takes place within parameters of Police Station Doaba. 
  • Two suicide bombers were involved in attack, says Hangu DPO.
  • 12 people, rescued from rubble, shifted to nearby hospital. 

HANGU: A blast ripped through a mosque in Khyber Pakhtunkhwa’s Hangu, local officials confirmed Friday, leaving three dead — including a policeman — and 12 injured.

The incident took place within the parametres of Police Station Doaba during the Friday sermon — a time when scores of believers are gathered at a mosque for their weekly prayer. 

Hangu District Police Officer Nisar Ahmed said 30-40 people were under the rubble — as the mosque’s roof caved in — and an operation was underway to rescue them.

Ahmed said two suicide bombers were involved in the attack — one targeted the gate of the police station, and the other blew himself up inside the mosque.

The 12 people, rescued from the rubble, have been shifted to a nearby hospital, he said.

Caretaker Khyber Pakhtunkhwa Chief Minister Azam Khan, taking notice, directed officials to enforce an emergency in all hospitals of the city as he sought a report on the blast from law enforcers.

The police officials said that two militants tried entering the police station and started firing at the gate. They added that one of the terrorists was killed at the gate by the police in retaliatory fire.

Moreover, two policemen were also injured during the firing, officials of the law enforcement agency said, adding that the other militant blew himself up inside the mosque.

The timely action by the police resulted in fewer casualties following the blast, they added. 

This was the second terror attack to hit Pakistan in a single day as earlier today, a suicide blast in Balochistan’s Mastung district killed at least 35 people including a police officer while injuring over 45.

The explosion took place near the mosque where people were gathering to mark Eid Miladun Nabi — the birth anniversary of Prophet Muhammad (PBUH).

For the past year now, Pakistan has been gripped by a spate of terror attacks, with Balochistan and Khyber Pakhtunkhwa particularly being under the radar of militants targeting security forces and civilians to deteriorate peace.

Security forces, however, continue to conduct operations against terrorists to eliminate terrorism from the country in its resolve to strengthen the sacrifices of its soldiers.

Earlier this month, a report compiled by the Pakistan Institute for Conflict and Security Studies (PICSS) stated a sharp increase recorded in militant attacks across the country in the month of August with 99 terror incidents reported.

This, according to the report, was the highest number recorded in any single month since November 2014. These attacks have resulted in 112 deaths and 87 injuries, mostly targeting security forces personnel and civilians.

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One-month deadline for illegal foreign nationals to be announced soon

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  • Major countrywide crackdown to be launched by LEAs.
  • Around 1.1 million Afghan refugees illegally reside in Pakistan.
  • Surge in street crime in capital linked with illegal Afghans.

ISLAMABAD: The government will soon announce a one-month deadline for all illegal foreign immigrants, including Afghans, to leave the country or face the music.

After the one-month deadline, a major countrywide crackdown will be launched by the law-enforcement agencies to identify and deport such illegal immigrants, the vast majority of whom are said to be Afghans.

Interior Minister Sarfraz Bugti will announce the policy in a few days time, an informed source said. 

The decision at the highest level has already been taken not to let Pakistan become a haven for illegal immigrants, many of whom are not only involved in criminal activities but are also part of the smuggling mafia, the source added.

It is said the authorities have already arrested many illegal Afghan immigrants who were doing illegal dollar trade at the cost of the country’s economy. A large number of such illegal foreign nationals are also doing different businesses in several major cities including the federal capital. The surge in street crime in Islamabad is also linked with the influx of illegal Afghans.

There are said to be around 1.1 million Afghan refugees residing in Pakistan illegally. 

It is said as many as 400,000 Afghans entered Pakistan illegally since the return of the Afghan Taliban to Afghanistan in August 2021. There are another 700,000 Afghans identified who have been living in the country illegally.

Media reports suggest that 1.1 million Afghan refugees neither possess any visa nor any valid documents, allowing them to stay in the country. Most of these illegal refugees were involved in anti-state and criminal activities.

Therefore, they would be sent back at the earliest, said a report, adding the Afghan Taliban government was also informed about Pakistan’s decision.

Islamabad has hosted millions of refugees for decades, and at one point five million Afghan refugees were residing in Pakistan. 

Some estimates suggest there are still close to four million Afghan refugees living in Pakistan. However, the count of individuals possessing valid refugee cards, as per official records, is considerably lower.

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Pakistan

HEC announces Commonwealth Scholarships for masters, PhD

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In a positive development for students, the Higher Education Commission (HEC) has announced Commonwealth Scholarships for masters and PhD programmes for the year 2023. 

The Commonwealth Scholarship Commission in the UK (CSC) provides the UK government’s Commonwealth scholarship scheme led by international development objectives. 

The CSC has funded over 30,000 individuals to study in the UK and gain skills, acquire knowledge, and build networks to tackle global development challenges

Pakistan and Azad Jammu and Kashmir (AJK) students can apply for the scholarships till October 17 (Tuesday) on the CSC portal.

The HEC’s website said that 26 nominations are available for masters, 30 for PhD and 10 for teaching faculty PhD.

Applicants are advised to visit the links to apply for the masters, PhD and teaching faculty (PhD) scholarships. 

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