Want 'permanent peace' with India; war never an option to resolve Kashmir issue: Pak PM Sharif
Islamabad, Aug 21: Prime Minister Shehbaz Sharif has said that Pakistan wants to have "permanent peace" with India through dialogue as war is not an option for either of the countries to resolve the Kashmir issue, according to a media report on Saturday.
Speaking to a delegation of students from Harvard University, Sharif also said that sustainable peace in the region was linked to the resolution of the Kashmir issue as per the UN resolutions, The News International newspaper reported.
Pakistan resolves to maintain peace in the region, and that sustainable peace in the region was linked to the resolution of the Kashmir issue as per the UN resolutions, he said during the interaction on Friday evening.
We want permanent peace with India through dialogue as war is not an option for either of the countries, he was quoted as saying in the report.
Relations between India and Pakistan have often been strained over the Kashmir issue and cross-border terrorism emanating from Pakistan.
However, the ties between the two countries nosedived after India abrogated Article 370 of the Constitution, revoking the special status to Jammu and Kashmir and bifurcating the state into two Union Territories on August 5, 2019.
India's decision evoked strong reactions from Pakistan, which downgraded diplomatic ties and expelled the Indian envoy.
India has repeatedly told Pakistan that Jammu and Kashmir was, is and shall forever remain an integral part of the country.
India has said it desires normal neighbourly relations with Pakistan in an environment free of terror, hostility and violence.
During the interaction, Sharif pointed out that Islamabad and New Delhi should have competition in trade, economy and improving the conditions of their people.
He said Pakistan was not an aggressor, but its nuclear assets and the trained army are deterrence, he said, adding that Islamabad spends on its military to protect their frontiers and not for aggression.
In response to a question about Pakistan's economy and the International Monetary Fund (IMF) programme, the premier said that the country's economic crisis stem from structural problems along with political instability in the recent decades.
He said the first few decades since the inception of Pakistan witnessed impressive growth across all sectors of the economy when there were plans, national will and the implementation mechanism to produce outcomes.
Overtime, we lost the edge in sectors in which we were ahead. The lack of focus, energy and policy action led to reduction in national productivity, Sharif added.
Cash-starved Pakistan is facing growing economic challenges, with high inflation, sliding forex reserves, a widening current account deficit and a depreciating currency.
With the rising current account deficit at USD 13.2 billion in the first nine months and pressing external loan repayment requirements, Pakistan required financial assistance of USD 9-12 billion till June 2022 to avert further depletion of foreign currency reserves.
As Pakistan turned 75 on August 14, Sharif wrote an essay in The Economist magazine in which he stated that the country in its adolescence, in the 1960s, brimmed with hope and promise as it had a date with destiny.
He said the nation was widely thought ready to "become the next Asian tiger ". However, in 2022, Pakistan found itself mired in its latest economic crisis.
Meanwhile, the International Monetary Fund's executive board will meet on August 29 and is expected to approve a bailout package for Pakistan, including the pending disbursement of about USD 1.18 billion.
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Rajnath Singh chairs IGoM meet, urges constant vigil over West Asia crisis
New Delhi (PTI): Defence Minister Rajnath Singh on Thursday emphasised the need for round-the-clock monitoring of the West Asia conflict and called for a calibrated response to deal with any eventuality to ensure that national interests remain protected.
Singh made the comments while chairing a high-level meeting of the Informal Group of Ministers (IGoM) set-up to monitor the situation in West Asia.
The meeting was attended by External Affairs Minister S Jaishankar, Finance Minister Nirmala Sitharaman, Oil Minister Hardeep Singh Puri, Power Minister Manohar Lal, Chemicals and Fertilizers Minister J P Nadda, Consumer Affairs Minister Prahlad Joshi and Minister of Railways, Information and Broadcasting, Electronics and Information Technology Ashwini Vaishnaw.
In view of the "uncertain situation", the defence minister underlined the importance of round-the-clock monitoring of the situation and the need to respond in a calibrated manner to deal with any eventuality, an official readout said.
He stressed on the need to leave no stone unturned to ensure that the people of the country face the minimum effect of the conflict, it said.
It was the second meeting of the IGoM after it was set up last month.
The IGoM was apprised of the measures being taken by the government in the wake of the ongoing West Asia conflict, Singh said on social media.
"We also deliberated upon the next steps to be taken by the government to mitigate any adverse impact arising due to the ongoing conflict," he said.
The defence ministry said in the readout said, "In the meeting, the seven empowered groups of secretaries briefed the IGoM on the steps being taken to tackle the situation."
"The IGoM was apprised about measures undertaken by the Ministry of Finance to address concerns arising due to global trade disruptions and provide relief and support to the industry, especially manufacturing, and bolster investor confidence," it said.
It listed measures including notification issued on Wednesday on full customs duty exemption on 40 critical petrochemical products till June 30.
The ministry also mentioned announcement of a special one-time relief measure for eligible units in SEZs to sell manufactured goods in Domestic Tariff Area (DTA) at concessional customs duty rates to be effective from April 1 to March 31.
It also noted another notification issued by the Department of Revenue clarifying that the provisions of GAAR (General Anti Avoidance Rules) will not be invoked in respect of investments made prior to April 1, 2017.
"These measures will reduce cost pressures on downstream sectors including textiles, packaging and pharmaceuticals, facilitate supply stability in the country and provide requisite clarity for investors contemplating investments in India," the readout said.
Defence Minister Singh appreciated the government's decision to impose a 25 per cent cap on the monthly increase in aviation turbine fuel prices for domestic operations, with effect from April 1.
This step will help protect the people from sudden increase in fares, he said.
The government has accorded highest priority to domestic LPG supply, with refinery production enhanced to fully meet consumption requirements, according to the readout.
"The IGoM was informed that there have been no reports of dry-out at LPG distributorships, and delivery of domestic LPG (liquefied petroleum gas) cylinders continues as per the normal schedule. The temporary supply concerns arose due to instances of hoarding and black marketing, which triggered panic buying in certain areas," it said.
The ministers were informed that strict enforcement action is being undertaken, with raids being carried out across multiple states and Union territories to curb hoarding and black marketing of LPG, the ministry said in the readout.
Action has also been taken against some LPG distributors who engaged in malpractices, it said.
"To support migrant labour and low-consumption households, the government is ensuring adequate availability of 5 kg free trade LPG cylinders, and since March 23, over 4.3 lakh such cylinders have been sold. Special focus is being given to states where demand is higher," it said.
The IGoM was apprised that industrial requirements dependent on commercial LPG are being met, with over 80 per cent of pre-crisis supply levels being maintained to ensure continuity of operations.
"Special meetings have been held with ministries and stakeholders of different industries to understand their demand and meet their needs. Oil PSUs are ensuring continued supply of Auto LPG across the country," the readout noted.
"However, some supply constraints are being faced by private operators due to their procurement challenges, which is why lines are being observed at PSU auto LPG pumps. Wherever the autos are dual feed and can use petrol, they are being encouraged to use petrol," it said.
