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Pakistan wants Facebook’s parent company to establish local office

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  • FM Bilawal Bhutto Zardari meets Meta’s Nick Clegg on sidelines of UNGA.
  • Meta affirms interest in continued engagement with Pakistan.
  • Clegg says Meta’s Pakistan team comprises entirely of Pakistani professionals.

Minister for Foreign Affairs Bilawal Bhutto Zardari has asked a high-ranking Meta official to open their company’s office in Pakistan in a bid to facilitate communication between the local authorities and the social media giant.

Facebook is now called Meta, the company announced last year, in a rebrand that focuses on building the “metaverse,” a shared virtual environment that it bets will be the successor to the mobile internet.

The foreign minister met Meta’s Global Affairs President Nick Clegg on the sidelines of the United Nations General Assembly’s (UNGA) 77th session, where he is part of the delegation representing Pakistan.

The foreign minister, talking about the opportunities available in Pakistan, said that the country has a tech-savvy young population (64% below the age of 30), high teledensity, massive digitisation of the economy, and a business-friendly regulatory regime.

“Pakistan’s IT sector has registered strong growth in the recent past opening new opportunities for platforms like Meta to expand its operations in Pakistan”, the foreign minister told the social media company’s official.

Clegg said that Meta’s Pakistan team comprises entirely of Pakistani professionals. He briefed the foreign minister on Meta’s ongoing connectivity and capacity-building programmes in Pakistan.

Clegg reaffirmed Meta’s interest in continued engagement with Pakistan to explore modalities of further strengthening collaboration in digital space.

In October last year, the government introduced Removal and Blocking of Unlawful Online Content (Procedure, Oversight and Safeguards) Rules, 2021, directing social media platforms to register themselves with the Pakistan Telecommunication Authority (PTA). However, it has borne no fruit so far.

Flood help

FM Bilawal also thanked Meta for donating Rs125 million for humanitarian assistance to Pakistan in the wake of the deadly floods.

“These are testing times for Pakistan and this donation would be helpful for our flood relief operations,” FM Bilawal noted.

The foreign minister said after the floods, the task of full recovery, rehabilitation, and reconstruction cannot be accomplished without the support of the private sector.

In response, Clegg expressed his solidarity and sympathy with Pakistan on the devastation caused by unprecedented floods.

Record monsoon rains and glacial melt in northern Pakistan triggered the flooding that has impacted nearly 33 million people in the South Asian nation of 220 million, sweeping away homes, crops, bridges, roads and livestock in damages estimated at $30 billion. Scientists say the disaster was exacerbated by climate change.

Hundreds of thousands of people displaced by the floods are living in the open and as flood waters spread over hundreds of kilometres (miles) start to recede — which officials say may take two to six months — stagnant waters have led to diseases like malaria, dengue fever, skin and eye infections and acute diarrhoea.

In what UNICEF described as a situation “beyond bleak,” it said an estimated 16 million children have been impacted by the floods, and at least 3.4 million girls and boys remain in need of immediate, lifesaving support.

The government says GDP growth will likely drop to 3% from a previous estimate of 5% for the 2022-23 financial year.

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SCO Summit Preparations: Interior Minister Examines SCO Summit Arrangements

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The preparations for the Shanghai Corporation Organization Summit, which will take place in Islamabad next week, were reviewed by Federal Minister of the Interior Mohsin Naqvi during his tour of the Federal Capital.

D-Chowk, Constitution Avenue, Murree Road, and the Islamabad Expressway were all thoroughly inspected by Interior Minister Mohsin Naqvi.

The Minister gave the authorities instructions regarding the optimal setup for the next summit after reviewing the refurbishment and cleaning plans for the SCO Summit.

The minister stated that while ensuring that all of Islamabad is clean, particularly the VVIP routes and the red area, the construction and restoration projects should be finished as quickly as feasible.

Mohsin Naqvi stated that the SCO Summit will showcase Islamabad’s natural beauty on this particular occasion.

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Elahi Bakhsh Soomro Dies; Karachi Will Hold Funeral Prayer Today

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After a lengthy illness, Elahi Bakhsh Soomro, the former Speaker of the National Assembly, passed away. At ninety-eight years old.

Today at 1:00 PM in Karachi, there will be a funeral prayer for him.

In the Jacobabad District of Sindh, Soomro was born in 1926. He was a member of the Shikarpur-based Soomro family, who for a long time dominated Sindh. He was the brother of Ahmad Mian Soomro and the son of Maula Bakhsh Soomro. His degree is in engineering.

The federal minister is now Elahi Bakhsh Soomro. In 1985, he was elected without opposition to the national legislature.

He was elected as a Member of Parliament for the Pakistan Muslim League in the 1990 and 1997 elections. Additionally, he was repeatedly elected to the Senate at various points in time.

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SIFC Supports Shanxi Coal Initiative: China to Finance Coal-to-Chemicals Project in Pakistan

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The Shanxi Coal and Chemical Industry Group of China intends to invest in technologies for the production of chemicals derived from coal reserves in Sindh, Pakistan. This project, supported by the Special Investment Facilitation Council (SIFC), seeks to improve collaboration between Pakistan and China in energy and industrial advancement.

Shanxi Coal and Chemical, one of China’s major state-owned firms, has made substantial investments in the coal and energy sectors. This project illustrates the increasing cooperation between the two nations.

Pakistan aims to fulfill its energy requirements by augmenting coal-fired production, thereby lowering electricity generation expenses. Petroleum Minister Musadik Malik stated that “Pakistan possesses extensive coal reserves, and this initiative demonstrates our dedication to the effective utilization of our natural resources.”

Pakistan now extracts roughly 7.6 million tons of coal annually from the Thar region, with intentions to augment this to 11 million tons within three years. The efficient utilization of these resources can stabilize the nation’s economy.

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