Saturday, 14 December 2013

Creeping forward: Figures show shrinking trade deficit

During July-November, the trade deficit shrunk by $452 million. PHOTO: FILE
ISLAMABAD: Pakistan’s trade deficit reduced to $7.8 billion in the first five months of the fiscal year as imports contracted marginally to $18.1 billion, while exports grew slightly to $10.4 billion.
According to the Pakistan Bureau of Statistics, as against a trade deficit of $8.2 billion in July-November period of the previous fiscal year, the deficit shrunk by $452 million and remained at $7.8 billion. In terms of percentage, there was a 5.5% reduction in the trade deficit.
The exports in the first five months of the fiscal year grew by 3.1%.
The export receipts were recorded at $10.4 billion in five months as against $10.1 billion in the corresponding period in the previous year, showing a net increase of $312 million.
Imports in this period contracted by 0.6%. The import bill stood at $18.2 billion for the five month period as against the previous year’s import bill of $18.3 billion, reflecting a reduction of $140 million in import bill in the five months.
The reduction of $452 million in the import bill will provide some relief to the government, as the country’s official foreign currency reserves stood at $2.9 billion as of December 6.

Energy solution: UCH-II gas project to be completed on time

Zealcon Engineering has been awarded the UCH-II Gas development project. PHOTO: EXPRESS/FILE
KARACHI: 
Zealcon Engineering Chairman and Chief Executive Officer Sheikh Azhar Ali has said the ongoing energy crisis in the country has doubled the importance of the ‘UCH-II Gas Development Project’, as gas from the field will be diverted to the UCH Power Plant for power generation. Zealcon Engineering has been awarded the UCH-II Gas development project.
The chairman said this during a dinner meeting also attended by Canadian High Commissioner Greg Giokas. Ali said Zealcon Engineering has a reputation of delivering the projects ahead of schedule and this project will also be completed within the given time-frame. The Canadian High Commissioner said Canadian firm TDE’s joint-partnership with the project would be crucial. “Pakistan’s energy sector has big opportunities for international firms like TDE,” said Giokas

Baltistan pride: Bare necessities

Gripped by a basic need for shelter, Basho turns a blind eye to deforestation. PHOTOS: AMEER HAMZA
Basho forests are the pride of Baltistan, but my recent visit to the area stripped this myth and laid it bare. Just like the forests. What baffled me more was the apathy from those who thrive on these forests than the absence of the lush green landscape promised to me by my Balti friend, Tipu.
Almost as a forewarning, even the route to Basho is as dangerous as the looming threat to the ecosystem in the area. Nearly 40kms before approaching Skardu city, a sharp turn descends into a precarious-looking bridge that is suspended over the furiously flowing River Indus. If one is not skilled or courageous enough to maneuver the jeep over these wooden planks, I’d suggest they walk across it. The waterfall that welcomes you after this treacherous drive however is quite uplifting and following it is the final ascent up to the receding forests of Basho.
Gripped by a basic need for shelter, Basho turns a blind eye to deforestation. PHOTOS: AMEER HAMZA
The landscape here is inundated with settlements. The rows and rows of houses in the village, commonly known as Khar Basho village, explain the cause for deforestation. The winding ride through the village ends at the mouth of the Basho forest valley and what it now holds comes as a major disappointment.
Only traces remain of this once thriving forest. I feel an overwhelming urge to leave but the weight of exhaustion and the expense of travelling holds us back. After spending Rs4,000 on a jeep ride, the decision to spend two nights at a community rest house seemed like the most practical thing to do. Our guide, Sher Muhammad, informed us that the income of this rest house is purportedly distributed equally among the villagers of Basho. But a little bit of inquiry reveals that the major chunk of the income was pocketed by a contractor, Yonus, leaving only a meager sum for each household that is distributed annually, by the end of the tourist season.
Gripped by a basic need for shelter, Basho turns a blind eye to deforestation. PHOTOS: AMEER HAMZA
The services at the rest house were below par and the tea served here was perhaps the worst I’ve ever had. Day one was hence spent agonising over how to best spend the second day in the absence of the area’s biggest pull factor — the forest.
Next morning, however, things seemed a bit brighter. The sun shone over the mountain top, making it a perfect day for photography. I left the rest house with my equipment to head down to the river. In the absence of the forest, the mountains on all four sides satiated my appetite for photography. Although they are not as high or as impressive as the K2, they manage to strike a chord with everyone who visits the place. Basho suddenly got a lot more interesting as I grudgingly admitted to myself that beauty can take any shape.
It was also the first day out on the hills for the nomads. Women and children were dressed for this special occasion to see off their husbands and fathers as they wander through the mountains for months. Only a few stay back to tend to their families in case of an emergency as the nearest hospital is all the way in Skardu. According to a villager however, the village is very safe and the last time someone was shot here was nearly 10 years ago.
Gripped by a basic need for shelter, Basho turns a blind eye to deforestation. PHOTOS: AMEER HAMZA
Everyday life in the village is uneventful explains our guide, Muhammad. Most of the village elders have been to Karachi. “Karachi is our mother,” they claim. But perturbed by the recent developments in the city they claim that Karachi is sadly no longer safe for them. “The best chefs in Karachi come from Basho village,” claims a villager proudly, adding that the chief chef at Spicy Roll is from Basho. Many villagers travel to the city to look for opportunities to earn and the new houses that continue to spring up across the village are directly linked to their stable earnings in the city.
As my visit here comes to an end, I prepare for my journey back home; carrying luggage to the jeep under a merciless sun, without any forest trees in the vicinity that could provide shade. Before we checked out however, I had a chance to speak to the chief forest officer and range officer who had just made their way up to the rest house for a routine meeting with the villagers to discuss local problems.
In the meeting, a local is granted a permit to use the forest wood to build a house. According to the Pakistan Forest Act of 1927, the forests in Balistan, including those in Basho have been absorbed as part of the government’s property with only ‘use’ rights extended to villagers. They must seek permission from the government for the use of forest products. Wanting to learn more about the destruction of forest land, I decided to confront the man. “Who cut all these trees?” I cut to the chase. The officer swiftly dismisses my query with, “which organisation do you belong to?” He then proceeds to give an unconvincing explanation, blaming the state of the forest on alpine conditions. But this does not explain the overnight appearance of tree stumps. My protest falls on deaf ears as the officer requests me to set up a meeting with him in Skardu regarding any further queries. His reluctance to address the issue was answer enough.
Gripped by a basic need for shelter, Basho turns a blind eye to deforestation. PHOTOS: AMEER HAMZA
During the winter season, when temperatures in Basho drop to a reported -25 degrees centigrade and there are no forest officers to keep an eye, many villagers commit wood theft to light fires to keep warm. Although a ban was imposed on all commercial exploitation of forests throughout the Northern Areas in 1986, many instances of theft continue to be reported. During 1997, more than 90 loads (one load equaling 1,200kg) of wood were transported to Skardu without official permit, according to a case study by Jawad Ali from the Aga Khan Rural Support Programme, Baltistan. And according to our jeep’s driver (a former driver for the lumber mafia), every single villager in Basho has a part to play in this callous plunder.
Ameer Hamza is a former curator for Getty Images USA.
He tweets @ameerhamzaadhia

In-Flight Wifi and Cellular Services: PIA planning another first for passengers

In-Flight Wifi and Cellular Services: PIA planning another first for passengers | PakistanTribeISLAMABAD – Pakistan’s flagship carrier, Pakistan International Airline (PIA) is planning to offer In-Flight WiFi and Cellular Roaming services to its passengers, PakistanTribe.com reported.
Mr. Junaid Yunus, PIA’s Managing Director, has been quoted by the Express Tribune that initially the services will be deployed on PIA’s nine Boeing 777s that fly to Europe, US and Canada.
“The proposed plan is at very initial level, it will have to go through little more stages before it gets matured” PIA Spokesperson Mashhood Tajwar told PakistanTribe.
The national carrier spokesperson says that time frame and tariff of the service isn’t decided or discussed yet but after the meeting on few basic requirement, these options will be considered as per regulations and industry norms.
“Few internal departments are working on the proposal to make it clear” Tajwar Added.
All Pakistani Telecom operators offer In-Flight roaming services through partner networks
Many International airlines are already offering In-Flight Wifi and Cellular roaming services, but during takeoff and landing usage of these services is still prohibited.
PIA will be the first airline in Pakistan to offer such services to its passengers.
Pakistan’s state owned airline is the largest air-travel service in the country with 36 owned and leased (26 functional) air-crafts.
According to the Pakistan Telecommunication Authority (PTA), Pakistan has 130 million Mobile subscribers with 72.27 Teledensity, 3,346,572 Wireless Local Loop and 2,889,155 Broadband Subscribers

Auction of 3G spectrum likely to take place by first week of March 2014

Auction of 3G spectrum likely to take place by first week of March 2014 | PakistanTribeISLAMABAD – Long-awaited development in Pakistan information technology (IT) sector, auction of 3G spectrum is likely to take place by first week of March 2014, PakistanTribe.com reported.
 According to the sources in Pakistan Telecommunication Authority (PTA) and Ministry of IT (MoIT) initial arrangement to make the process transparent are almost done and finalised.
Meanwhile, Minister of State for Information Technology and Telecommunications Anusha Rehman at Senate Standing Committee on Tuesday took up matters concerning auction of 3G which is likely to take place by first week of March 2014, according to Anusha Rehman.
Five consultants have been short-listed out of the seven international firms to ensure transparency in auction of 3G spectrum, the officials of the ministry informed the meeting.
With more than 130million mobile subscribers (72% Teledensity) and over 40million internet users Pakistan is considered technology hot spot in the world.

Cash in': Finance minister warns exchange rate about to 'fall'

Finance Minister Ishaq Dar says textile sector should take advantage of the GSP Plus award. PHOTO: AFP/ FILE
LAHORE: Finance Minister Ishaq Dar on Saturday warned that those banking on dollars should “cash them in” soon, with the exchange rate expected to drop soon,Express News reported.
Dar was addressing a function by the All Pakistan Textile Mills Association (APTMA) in Lahore on Saturday. He reiterated that the government was making efforts to bring the exchange rate down again.
With the country having won duty-free access to European markets under the General Scheme of Preferences Plus (GSP Plus) earlier this week, Dar urged textile sector to avail full advantage of the opportunity through value addition, Radio Pakistan reported.
The Finance Minister assured that the government was fully committed to extend all facilities and assistance to the private sector including ensuring energy supply and availability of funds for the purpose. The government also did a u-turn on the gas supply schedule to industries in Punjab this week.
Dar assured that after securing preferential market access for Pakistani textile products from EU‚ the government would not focus on seeking more access to US market. However‚ he pointed out that as per US officials there were many items that Pakistan can export to the US without any major concession.
The Minister noted that there seems to be lack of information and study on the concessions and the Prime Minister had tasked Minister of State for Commerce Khurram Dastgir to remove such ambiguities to increase exports to US market.
Dar also urged investors to take advantage of the incentives and concessions announced recently by the Prime Minister under which the Government would not inquire about source of investment for new projects or expansion of the existing ones if they come on line by June 2016.

Shahid Kapoor & Sonakshi Sinha’s R.. Rajkumar collects 53.60 Crores worldwide

Shahid Kapoor & Sonakshi Sinha's R.. Rajkumar collects 53.60 Crores worldwide | PakistanTribeShahid Kapoor’s infectious smile is back. His film R.. Rajkumar recorded a very good weekend and held fabulously all through out the week despite of all the mixed critical response from Film Critics.
It is Shahid’s first full on action role and the audiences seem to have accepted and loved the young star in this avatar.
The film has performed wonderfully across the mass belts across India. It has collected 53.60 crores (domestic) in the first week. Infact Shahid is the only young star to try a mass film like this and garner audience acceptance. Audiences in the single screens have been whistling and cheering Shahid’s performance and dance moves. The young star has surely won a new fan base as his audience was till now largely coming from multiplexes.
Infact even musically this year has been a blockbuster for Shahid. All his songs, Tu Mere Agal Bagal Hai, Gandi Baat and Saree Ke Fall, have become mass anthems thanks to the onscreen energy and dance that he brought to them.
Shahid’s talent and potential was never in doubt and now with a box office backing him he is truly a star to watch out for.
Having done an out and out masala film like R.. Rajkumar Shahid now moves onto Vishal Bharadwaj’s Haider which is a gritty drama set in Kashmir.