Pakistan committed to help Afghan brothers despite limited resources: FM

ISLAMABAD: Foreign Minister Shah Mehmood Qureshi has said Pakistan wants peace and prosperity in Afghanistan and is committed to help the Afghan brothers despite limited resources.

In a statement on the situation in Afghanistan, he said the humanitarian crisis in Afghanistan is not in the interest of the Afghan people, region and the world. He mentioned that Pakistan sent to Kabul the humanitarian supplies in the form of medicine and food and we are also trying to send them the relief goods to avert any crisis.

He stressed that saving Afghanistan from humanitarian crisis is the common responsibility of all. He said in the past, the Afghan soil was used against Pakistan. The Foreign Minister said that we should encourage the Taliban not to allow their land to be used against any other country.

FM: (FM urges world community to recognize new reality in Afghanistan)

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi has urged the world community to recognize the new reality in Afghanistan and engage with it for peace and stability.

Addressing a joint news conference along with his Spanish counterpart Jose Manuel Albares after delegation level talks here on Friday, he warned that isolating Afghanistan will have serious consequences and will not be helpful for the Afghan people, the region and the world at large. He said the approach of intimidation, pressure and coercion has not worked and we got to adopt a new positive approach regarding Afghanistan.

Alluding to the flight from Kabul to Doha, he said this safe passage is in sync with the demand of the Europeans. He said we need to encourage the Taliban to stay on course. He regretted that the spoilers did not allow the intra afghan dialogue reach a conclusion. He said if there had been progress on talks things would have been calmer today.

The Foreign Minister however said the world community should immediately focus on averting humanitarian crisis in Afghanistan. He expressed satisfaction that a conference is taking place in Geneva to raise funds for the country. He said Pakistan is contributing in its own way. One of our aircraft landed in Afghanistan yesterday (Thursday) with supplies of food and medicines. He said we will continue to extend humanitarian assistance through air and land routes.

The Foreign Minister reiterated the call on the international community to take steps to avert economic collapse of Afghanistan. One of the ways is availability of resources and promoting economic activities. He suggested the decision of freezing the Afghan funds will not be helpful and be revisited.

On bilateral relations, Shah Mahmood Qureshi said there are great opportunities for cooperation between the two countries in different fields. Given the changed security situation in Pakistan, he urged the Spanish counterpart to review the travel advisory.

In his remarks, the Spanish Foreign Minister said Pakistan is a very important partner for his country and the European Union. He said as both countries celebrate seventy years of the establishment of diplomatic relations, this is an excellent opportunity for us to reenergize the bilateral relationship. He expressed the strong desire to work closely with Pakistan and other regional countries to help the Afghan people.

He said both Pakistan and Spain want stability and peace in Afghanistan and no spillover effect to the region. He said we want the humanitarian assistance reach the Afghan people. He said a donor conference on Afghanistan will be held on Monday where the pledges will be made. He said our agencies are ready to help the Afghan people.

Pakistan, China agree on maintaining close coordination on efforts towards stable Afghanistan

ISLAMABAD: Pakistan and China have agreed on maintaining close coordination on efforts towards a stable and prosperous Afghanistan.

This was agreed during meeting between Foreign Secretary Sohail Mahmood and China’s Special Envoy on Afghanistan Affairs Ambassador Yue Xiaoyong here on Friday. The two sides exchanged views on the situation in Afghanistan. The Foreign Secretary and Chinese Special Envoy also stressed the importance of ‘sustained international engagement’ in Afghanistan to avoid a humanitarian crisis.

Board Meeting other than Financial Result of Colony Textile Mills Limited

Karachi, Colony Textile Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 10, 2021 at Lahore to consider that there was no material business transacted to be reported to the Market Participants.

Further, the company has declared the closed period from September 01, 2021 to September 01, 2021.

Colony Mills Limited (CML) was established as a textile manufacturing unit on September 21, 2005 and absorbed “Colony Textile Mills Limited” in 2006. Colony Textile Mills Limited was the principal company established as a textile manufacturing unit in 1946. CML’s expertise, primarily, lies in production, manufacturing and sale of different types of yarns of various counts. The company has a healthy portfolio of income generating assets that crossed total revenues over 13 Billion rupees for the year ended June 30, 2011.

The symbol “CTM” is being used by the stock exchanges for the Colony Textile Mills Limited.

Board Meeting in Progress of K-Electric Limited

Karachi, K-Electric Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on September 10, 2021 at Karachi to consider Annual Accounts for the period ended June 30, 2021 is in progress.

K-Electric Limited was incorporated as a limited liability company on September 13, 1913. The company is engaged in the business of generation, transmission and distribution of electric energy to industrial and other consumers.

The total number of shares of the Company is 27,615,194,245,000. The Earnings per shares are (0.11) in 2020 which was 0.63 in 2019. The Profit after Taxation is (2,959,211,000) in 2020 which was 17,273,617,000 in 2019.

Board of directors meeting of Mughal Iron & Steel Industries Limited

Karachi, Mughal Iron & Steel Industries Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 17, 2021 at Lahore. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from September 10, 2021 to September 20, 2021.

With a history of over 50 years of excellence to its credit, Mughal Iron & Steel Industries Limited (“MISIL”) is one of the leading companies of Pakistan in the iron and steel sector. The company was incepted in the early 1950 in the form of a proprietorship firm with a purpose to uplift trade, contribute to national economy and ensure industrial growth of the country.

The Company is involved in multidimensional activities from making billets of Mild Steel, Spring Steel, Deformed bar, Re-bar, Cold Twisted Rebar and a huge range of Sections such as I.Beams, L.Sections, C.Section, H.Beam, T.Bar etc. in the downstream industry.

The symbol “MUGHAL” is being used by the stock exchange for the shares of Mughal Iron & Steel Industries Limited.