Islamabad, 25 Nov (IANS) Pakistani Prime Minister Imran Khan will on Wednesday inaugurate the Country Strategy Dialogue (CSD) in Pakistan hosted by the World Economic Forum (WEF) in recognition of Pakistan’s positive economic trajectory and its laudable resilience to a myriad of challenges, said Ministry of Foreign Affairs.
He will also participate in interactive dialogue with WEF President Børge Brende, and chairman and chief executive officer (CEO) of leading global companies and WEF partner companies, said the statement, Geo TV reported.
The next session of the CSD throughout the day will feature discussions of global business leaders with Financial Advisor Dr Abdul Hafeez Sheikh, Pakistani Economic Affairs Minister Makhdoom Khusro Bakhtiar, and Minister of Industry and Production Hammad Azhar, on a wide range of topics, including economics, finance, investment, trade, manufacturing, digitization and startup, regional connectivity and China Pakistan Economic Corridor (CPEC) etc.
The final segment will include a roundtable on “Priorities and Challenges of Energy Transition in Pakistan”, co-chaired by Pakistan Energy Minister Omar Ayub, Climate Change Adviser Malik Amin Aslam, and Pakistani PM’s Special Assistant to Petroleum Nadeem Babar.
Individually moderated by the WEF president, managing director and other senior officials, each CSD session will allow the CEOs of global corporations and multinational companies to interact directly with Pakistan’s top leadership on the vast business and investment opportunities available in the country due to various reform initiatives economy by the incumbent government.
CSD is the WEF’s signature platform for countries with emerging economies and promising growth potential.
The upcoming CSD is the second event organized by the WEF for Pakistan this year. CSD during Imran Khan’s visit to Davos, Switzerland, for the WEF Annual Meeting in January 2020 was widely attended by the global corporate sector.
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ISLAMABAD: Prime Minister Imran Khan will inaugurate the country strategy dialogue at the World Economic Forum (WEF) on Pakistan on Wednesday (today).
The WEF is hosting the event and Imran Khan will participate in interactive dialogue with WEF President Børge Brende and the chairman and chief executives of leading global companies and WEF partner companies. The next session of the CSD throughout the day will feature discussions of global business leaders with Financial Advisor Dr Abdul Hafeez Sheikh, and federal ministers Khusro Bakhtiar and Hammad Azhar on a wide range of topics including economics, finance, investment, trade, manufacturing, digitization and startup, regional connectivity and China-Pakistan Economic Corridor.
The final segment will include the Roundtable on ‘Priorities and Challenges of Energy Transition in Pakistan.’ Each CSD session will allow CEOs of global companies and multinational companies to interact directly with Pakistan’s top leadership regarding the business and investment opportunities available in the country due to various initiatives for economic reform by the current government.
CSD is the WEF’s signature platform for countries with emerging economies and promising growth potential. The upcoming CSD is the second event organized by the WEF for Pakistan this year. CSD during the Prime Minister’s visit to Davos, Switzerland, for the WEF Annual Meeting in January this year was widely attended by the global corporate sector.
The second CSD by the WEF in one year is in recognition of Pakistan’s positive economic trajectory and its laudable resilience to challenges including the COVID pandemic.
Meanwhile, the WEF has reportedly announced that Wednesday, November 25 will be a ‘Pakistan Strategy Day’ in recognition of the ‘successful policy against Covid-19’, with Prime Minister Imran Khan as the main guest at the event.
Senator Faisal Javed Khan revealed the news on Twitter on Tuesday. “In a move to acknowledge PM [prime minister] Imran Khan’s successful policy against Covid19, the World Economic Forum @wef has announced to celebrate #PakistanStrategyDay ‘on November 25th, ”said Faisal Javed Khan. “This is another support from Pak’s brilliant strategy in dealing with Corona & Economy. Great success. “
“Pakistan’s strategy and success will be presented as a case study to the world,” the senator added. “PM @ImranKhanPTI will be the Main Guest at # PakistanStrategyDay … Other international forums also emphasize the fact that the world must learn from sir.”
The success of this strategy depends on finding new cases early and stopping the chain of transmission.
Part of the challenge of getting rid of COVID-19 is that it can spread undetected at low levels because you can transmit the virus even if you don’t have any symptoms.
But even with none or very low cases, infectious disease epidemiologist James McCaw said the elimination strategy was essentially futile while the pandemic raged abroad.
“Elimination is not a bad thing … but there is a difference between accepting elimination and making it a strategy – as we hoped [the virus] will come back in. “
Professor McCaw, who is an expert adviser on Australia’s Main Committee on Health Protection (which advises the National Cabinet), said even a watertight quarantine system is not a guarantee for preventing COVID-19.
“Hotel quarantine system, [which lasts] 14 days, is the world’s best practice – about 99 percent of people are no longer infected after those 14 days, “he said.
“But if you have hundreds of thousands of people coming to this country, and we already have more than 100,000 people going through the hotel quarantine system … 1 percent is still quite a lot of people.”
Infectious disease epidemiologist Meru Sheel agrees, saying without a COVID-19 vaccine, emphasis remains on a more realistic approach than elimination.
“I don’t think in the current climate, and from what we have seen globally, that elimination is a viable option,” said Dr Sheel, of the Australian National University.
“New Zealand, which is going to elimination, after a few months they are seeing cases.
“Focusing on strong bullying and active responses is probably a more realistic way of looking at it.”
Proponents of elimination argue that tighter lockdowns in the short term allow for longer periods of economic prosperity and looser social boundaries.
Professor Blakely said that occasional viral reintroduction – as has been seen in New Zealand – should not make elimination a useless strategy.
“Elimination is any kind of process,” he said. “You’re basically aiming to eliminate community contagion, and then when it pops up again, you land on it and get rid of it again.”
Even so, Professor Blakely said he had changed his mind about Australia since July, and realized that aggressive bullying was the best way to go.
“I think in the Australian context, because of the number of people here, the country’s different borders, and the politics … a less intense approach than the one used in New Zealand is better,” he said.
As strategy progresses, elimination and aggressive suppression have “the same thing in the tool kit”, says Professor Blakely.
The difference is in how intensive and how long you apply the steps.
“It’s trying to figure out what’s best for your society given how politics works, population size, the fact that you have open or closed borders,” he said.
“Either of these approaches of oppression that is being adopted in East Asia and Australasia – all of them have the possibility of achieving community abolition, that possibility only differs from how intensely you apply that strategy.”
Australia is one of the few jurisdictions – including mainland China, Hong Kong, Taiwan, South Korea, Fiji and New Zealand – that is pursuing the suppression or elimination of COVID-19.
Past experience with SARS, or in the case of Australia, being “the bottom of the world” and having “a few weeks left to react”, put these countries on track to suppress case numbers, said Professor Blakely.
“We have taken a different path towards what Europe and North America have … where we are trying to keep the numbers really low,” he said.
“That means you have to use locks on both ends – to control disaster but also to lower your numbers – and it hurts.
Accept the risk when the country’s borders open
Despite lacking an elimination strategy, most Australian states and territories have managed to achieve a sustained period of several months without locally acquired cases.
Epidemiologist Jodie McVernon said Australia’s ability to contain new coronavirus infections has surprised even public health experts.
“Going back to the beginning, we wanted to flatten the curve and maintain it [COVID-19] in public health and our clinical capacity, “said Professor McVernon, director of epidemiology at The Doherty Institute.
“Elimination was a surprising byproduct of that first set of controls.”
Professor McVernon, who is also an expert adviser at the AHPPC, said Victoria and New South Wales “will always have a hard time” because of their size and population density, and higher international arrival rates.
He said the experiences of the two countries showed why aggressive repression was the right approach.
“[NSW] is a good model for saying: You can still have relative openness to society and the economy, but still be in control, “said Professor McVernon.
“This is a pragmatic strategy that recognizes that we are still connected to the wider world… and that the infection will spread again.”
Professor Blakely said the chances of Victoria or New South Wales achieving eliminations were less than 50 percent, but that further enforcement of the restrictions would be disproportionate to the current situation.
“If [Victoria] not yet open … the probability of elimination will increase. But so are the social and economic costs, “he said.
“With the borders to be opened, [the virus] going to jump around much easier.
“But it doesn’t work [elimination] impossible. The likelihood of that happening now depends largely on how well contact tracing is, how well the population is behaving, and a lot of luck. “
Under an aggressive suppression strategy, Professor McCaw said Australia should hope to see small clusters of coronavirus emerge until a vaccine is available. arrived.
“We hope to see them because the virus is still there and difficult to detect, and sometimes flares up,” he said, “or we just completely eliminate it for a period of time and then come back in.”
To minimize the possibility of clusters or outbreaks increasing, he said we must all continue to observe social distancing rules and “act in a way that is safe from COVID”.
The four epidemiologists agree that Australia’s contact tracing has improved, and that increased knowledge of the virus means health authorities are in a better position to keep the number of cases down.
Dr Sheel said placing a “ring fence” around each new case and tracing contacts is essential for managing future COVID-19 clusters.
“The speed at which we respond to each cluster really plays a role now.”
Australia’s three-decade naval presence in the Middle East is coming to an abrupt end this year as the Federal Government grapples with an increasingly uncertain strategic environment that is getting closer to home.
The main point:
This shift was marked in the Government’s recent Defense Strategic Renewal
He said the military would focus more on the Indo-Pacific and the direct territory of Australia
China has been engaged in massive naval building and asserting control over the South China Sea
Defense Secretary Linda Reynolds announced Australia would no longer send Australian Navy ships to the Middle East every year.
The last Australian Navy ship to deploy to the region, HMAS Toowoomba, returned to Australia in June this year.
Australia will also withdraw from the US-led naval coalition patrolling the Strait of Hormuz by the end of 2020.
That means Australia’s 30 years of maritime operations in the Middle East – largely focused on counter-terrorism and counter-piracy operations – are coming to an end.
In a statement, Senator Reynolds said the Government’s priorities had shifted.
“This year is already visible [the] The Navy is responding to the wildfires and the COVID-19 crisis, five ship deployments across Southeast Asia and the Pacific, ongoing commitments to initiatives under Pacific Step Up, and some very successful activities with our regional partners, “said Minister Reynolds.
“As a result, the Australian Defense Force will reduce its naval presence in the Middle East to allow more resources to be deployed in our region.”
China has been involved in massive naval building over the past decade, and has asserted increased control over the waters of the disputed South China Sea by building a series of military fortifications.
Relations between the United States and China have also become increasingly hostile, sharply increasing the risk of conflict in the region.
But one government source told the ABC the decision was “hotly debated.”
The head of Joint Naval Operations, Lieutenant General Greg Bilton, said the changes announced by the Government were “historic” and Senator Reynolds said Australia could be “proud” of its naval contribution.
“For more than 30 years we have supported freedom of navigation, maritime security and free trade flows in the Middle East,” he said.
“Working closely with our partners, our commitment is invaluable in disrupting the global drug trade, supporting reducing funding channels for terrorism activities and building the capacity of regional forces.”
SYDNEY (Reuters) – Virgin Australia looks set to slash base fares and start charging fees for items such as checked baggage and food under new executive director Jayne Hrdlicka, prompting broader industry shocks as the country’s airlines bounce back from the coronavirus crisis .
Virgin’s shift from being a full-service airline will also mark the end of a decade-long arms race with Qantas Airways Ltd. QAN.AX for corporate travelers involving luxurious airport lounges, celebrity chefs and reclining business seats on longer domestic flights.
Unusually for airlines globally, the two carriers include free checked baggage allowance, free Wi-Fi and free food and drinks, even on the cheapest economy class tickets on domestic flights.
Virgin, which entered voluntary administration in April, is positioning itself in the mid-market under new owner Bain Capital as it looks to cope with the ongoing low demand from the pandemic.
Company sources and industry experts said they hoped Hrdlicka would reintroduce costs that the airline had cut when it rose to market under former chief executive John Borghetti.
Segregation, or charging for pre-included services such as checked baggage, seat selection, Wi-Fi, meals and in-flight entertainment is a strategy that helps airlines attract price-conscious travelers at low base fares while allowing them to pay extra for extras selected -ons.
This could become even more important post-pandemic due to the economic downturn, analysts say, with Virgin’s downmarket movement also opening up options for Qantas to stop providing international-style business-class service on transcontinental flights and to consider charging for some add-ons on sale fares. cheapest without losing customers.
Corporate rates are more likely to be all-encompassing, but Virgin plans to reduce its network of airport lounges and will no longer seek to match Qantas’ premium products when it introduces its new offerings in about two weeks, according to company sources who said details were not finalized. Virgin and Bain declined to comment.
“I think at least it allows optionality for Qantas to get off the market,” said John Thomas, a former senior executive at Boston-based Virgin who helped introduce baggage fees in the United States more than a decade ago as an airline consultant.
“You can cut costs, you can do some decomposition, but that doesn’t mean that you have to give up all your passengers,” he told Reuters. “For your company and for your business clients and premium passengers, you can still save it as a package offer.”
The reduction in Virgin’s fleet under Bain will expand Qantas’ advantage in network size and flight frequency, which could be more important to corporate travelers than creature comfort, said a Qantas source who was not authorized to speak to the media. Qantas declined to comment.
VARIOUS PRICE PACKAGES
One potential model for Virgin’s fare structure is Air New Zealand Ltd AIR.NZ. For domestic flights and to and from Australia, it offers fare packages starting from seats without checked baggage and up to “worksdeluxe”, including two bags of luggage, meals and entertainment on the back of the seat.
“That will allow Virgin to straddle both sides of the split,” said Judson Rollins, Auckland-based managing partner of consultancy Propel Aviation Solutions.
Hrdlicka, former head of low-cost airline Qantas Jetstar, said in 2015 that Virgin had lost customers to Jetstar when it included baggage and food in its fares, as ticket prices went up.
“The virgin is becoming too expensive,” he told an aviation conference.
Tony Webber, consultant and former chief economist at Qantas, said he hopes household and business customers will be price sensitive over the next few years, which means it makes sense for Virgin to gravitate more towards the Jetstar-type model.
Jetstar earned nearly 24% of its revenue from add-ons in 2019, according to IdeaWorksCompany, the 10th highest proportion among airlines globally and the equivalent of $ 26.32 per passenger.
Reporting by Jamie Freed; editing by Richard Pullin