{"id":1557,"date":"2023-09-07T21:29:33","date_gmt":"2023-09-07T21:29:33","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/army-top-brass-resolves-to-assist-govt-in-curbing-illegal-activities-hampering-economic-growth\/"},"modified":"2023-09-07T21:29:33","modified_gmt":"2023-09-07T21:29:33","slug":"army-top-brass-resolves-to-assist-govt-in-curbing-illegal-activities-hampering-economic-growth","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/army-top-brass-resolves-to-assist-govt-in-curbing-illegal-activities-hampering-economic-growth\/","title":{"rendered":"Army top brass resolves to assist govt in curbing illegal activities hampering economic growth"},"content":{"rendered":"<p><\/p>\n<div dir=\"auto\">\n<p>The military\u2019s top brass resolved on Thursday to \u201cwholeheartedly\u201d assist the government in curbing all illegal activities that hamper economic growth, stability and investor confidence.<\/p>\n<p>The resolve was expressed during the 259th Corps Commanders\u2019 Conference at the General Headquarters (GHQ) in Rawalpindi, where the military leadership\u2019s \u201cfull support\u201d for ongoing efforts for socioeconomic growth under the umbrella of the Special Investment Facilitation Council was also reiterated, according to a statement issued by the military\u2019s media affairs wing.<\/p>\n<p>\u201cThe need for the speedy development of the economic potential of newly merged districts (NMDs) and border districts of Balochistan for sustainable peace and growth was also emphasised,\u201d the Inter-Services Public Relations statement said.<\/p>\n<p>It comes less than a week after Chief of Army Staff (COAS) General Asim Munir \u2014 who also presided over today\u2019s meeting at GHQ \u2014 <a href=\"https:\/\/www.dawn.com\/news\/1773934\">assured<\/a> the business community on Sunday of fostering transparency in dollar exchange and interbank rates.<\/p>\n<p>\u201cThe money exchanges would be brought under the purview of taxation, fostering transparency in dollar exchange and interbank rates,\u201d the COAS said while talking to the business community at a meeting held at the Lahore Corps headquarters.<\/p>\n<figure class=\"media  sm:w-1\/2  w-full  media--right  media--embed  media--uneven\">\n<p>    <iframe class=\"nk-iframe\" onload=\"setInterval(()=&gt;{try{this.style.height=this.contentWindow.document.body.scrollHeight+'px';}catch{}}, 100)\" width=\"100%\" frameborder=\"0\" scrolling=\"no\" style=\"height:400px;position:relative\" src=\"https:\/\/www.dawn.com\/news\/card\/1768861\" sandbox=\"allow-same-origin allow-scripts allow-popups allow-modals allow-forms\"><\/iframe><\/p>\n<\/figure>\n<p>He had also highlighted the pivotal role of the Special Investment Facilitation Council (SIFC), emphasising its potential to attract substantial investments of up to 100 billion dollars from countries such as Saudi Arabia, the UAE, Kuwait, and others. To bolster economic decision-making, he revealed the formation of task forces focused on economic matters and different sectors.<\/p>\n<p>The COAS\u2019 statement had come as the country faltered on the economic front, with the rupee falling sharply against the dollar.<\/p>\n<p>The trend, however, <a href=\"https:\/\/www.dawn.com\/news\/1774516\">reversed<\/a> in the interbank market on Wednesday, as a crackdown on the informal currency market started to help the gap between the interbank and open-market rates edge closer to the International Monetary Fund\u2019s (IMF) target of 1.25 per cent.<\/p>\n<p>Meanwhile, the State Bank of Pakistan also stepped up supervision of the foreign exchange market, ordering banks to set up separate entities to conduct forex transactions and extending a clampdown on hard-currency hoarders and smugglers. The central bank decided to introduce structural reforms in the exchange companies\u2019 sector to provide \u201cbetter services to the general public and bring transparency and competitiveness\u201d.<\/p>\n<p>Subsequently, a <em>Dawn<\/em> <a href=\"https:\/\/www.dawn.com\/news\/1774516\">report<\/a> said today that inside sources from the financial sector had indicated that authorities have tightened their grip on exchange companies, relentlessly pursuing illegal currency merchants across the country.<\/p>\n<h2><a id=\"pledge-or-defend-countrys-sovereignty\" href=\"#pledge-or-defend-countrys-sovereignty\" class=\"heading-permalink\" aria-hidden=\"true\" title=\"Permalink\"\/>Pledge or defend country\u2019s sovereignty<\/h2>\n<p>Besides, pledging support for economic growth, the military leadership also resolved today to defend the sovereignty and territorial integrity of Pakistan against \u201call kinds of direct and indirect threats\u201d, the ISPR statement said.<\/p>\n<p>\u201cThe forum reaffirmed that inimical propagandists\u2019 desperate attempts to cause a wedge between the state institutions and the public are indicative of their mounting desperation and will only result in more humiliation of such elements, Inshallah (God willing),\u201d it added.<\/p>\n<p>The statement further said that participants of the conference were briefed on the prevalent geo-strategic environment, challenges to national security and their own strategy in response to evolving threats.<\/p>\n<p>\u201cThe forum resolved that all terrorists, their facilitators and abettors, working on the behest of hostile forces to destabilise Pakistan will be dealt with the full might of the state,\u201d it said.<\/p>\n<p>For his part, COAS Munir stressed on maintaining high standards of professionalism and motivation during operations and achieving excellence during the training of the formations.<\/p>\n<p>He commended the commanders for their constant focus on the wellbeing of their soldiers and maintenance of morale, which he said constituted the foundation of the army\u2019s operational readiness.<\/p>\n<p>During the meeting, the statement said, rich tribute were paid to \u201csupreme sacrifices\u201d of <em>shuhada<\/em> (martyrs), including officers and men of the armed forces, law enforcement agencies and citizens who laid their lives for the safety, security and territorial integrity of the country.<\/p>\n<p>Fateha was offered for the martyrs and it was reiterated that the state of Pakistan and its armed forces would continue to hold martyrs and their families in the highest esteem, ever honouring them with utmost respect and dignity.<\/p>\n<p>Moreover, the forums appreciated the commemoration of Defence and Martyrs Day on September 6 \u201cacross the country by all segments of the society \u2026 for which the armed forces of Pakistan remain ever thankful to our proud nation\u201d.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The military\u2019s top brass resolved on Thursday to \u201cwholeheartedly\u201d assist the government in curbing all illegal activities that hamper economic growth, stability and investor confidence. The resolve was expressed during the 259th Corps Commanders\u2019 Conference at the General Headquarters (GHQ) in Rawalpindi, where the military leadership\u2019s \u201cfull support\u201d for ongoing efforts for socioeconomic growth under [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/i.dawn.com\/large\/2023\/09\/07221751f0f5e66.png?r=221839","fifu_image_alt":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-1557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/1557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=1557"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/1557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/1558"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=1557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=1557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=1557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}