National

November 10,2022Isamabad (PR) World Bank terms performance of FBRunder Pakistan Raises Revenue Program as SatisfactoryA meeting was held between Chairman FBR, Mr. Asim Ahmad and Country Director World Bank, Mr. Najy Benhassine, Pakistan, to review the progress of Pakistan Raises Revenue Program on 10th November 2022 at FBR HQ. FBR is implementing Pakistan Raises Revenue Program (PRRP) with financial assistance from the World Bank. The program is expected to contribute to a sustainable increase in domestic revenue by broadening the tax base and facilitating compliance. The World Bank has recently concluded the Mid-Term Review of the program in October to November 2022. Based on initial findings the World Bank has expressed overall sa...

November 10, 2022 at 6:16 pm | Economic Affairs

November 8, 2022Islamabad (PR)The Pakistan Parliamentary delegation led by Federal Minister for poverty Alleviation and Social safety Ms.Shazia Marri is currently visiting Iceland for participation in the the" Fifth Annual Reykjavík Global Forum Women Leadership” scheduled from November 8-10, 2022. The delegation of Pakistan held bilateral meeting with Ms.Silvana Koch who is the President and Founder of Women Political Leaders (WPL). Ms.Silvana stated that the Forum’s mission is to provide a platform where women leaders discuss and share ideas and solutions on how to further advance society, increase gender equality and promote and positively develop the number of women in leadership positions. Ms. Shazia , Head of Pakis...

November 8, 2022 at 6:31 pm | Economic Affairs

NA Speaker and Deputy Speaker extend felicitation to Syed Ali Musa Gillani for his unopposed election as President YPF Islamabad: 8th November 2022: Islamabad (PR) Young Parliamentarians Forum (YPF) of National Assembly of Pakistan elected MNA Syed Ali Musa Gillani as its unopposed President. The election for President YPF was held after approval of Patron- in -Chief of YPF National Assembly Speaker Raja Pervez Ashraf and fulfilling codal formalities. The election process was chaired by Additional Secretary Legislation Mr.Mushtaq Ahmed and Additional Secretary ( Special Initiative/PMU ) Syed Shamoon Hashmi also briefed the members about composition of YPF and Election procedure. While addressing the meeting of YPF after his election ...

November 8, 2022 at 5:14 pm | Economic Affairs

Islamabad (PR) The Indonesian Ambassador launched the establishment of a network for the alumni of Indonesian higher educational institutions in Rawalpindi on November 07, 2022. Ambassador Tugio shared his pleasure that more than 60 Pakistani students have been selected for the Indonesian Scholarship this year. He noted a positive trajectory in the last few years where many students from Pakistan are pursuing their higher education in Indonesia. Citing the QS World University Rankings 2022 in which five Indonesian universities are listed among the top 500 in the world, he is convinced that this figure will increase as more Pakistani students become aware of the high-quality educational opportunities offered by universities in Indones...

November 8, 2022 at 2:07 pm | Economic Affairs

Nevertheless, the current economic scenario has sparked a wave of uncertainty across different sectors throughout Pakistan By Ghulam Haider November 7, 2022 Islamabad (EA Report) The months of the political bickering coupled with fragile economic conditions in Pakistan have forced a majority of the entrepreneurs to getting increasingly pessimistic about the state of affairs of their businesses concerns as inflation reaches its highest level for 40 years. Gallup Business Confidence Report conducted by Gallup Pakistan Survey on the current quarter of 2022 found 65 per cent of the business owners believe their businesses are in bad conditions in country while the Net Future Business Confidence score has been worsened by 50 ...

November 7, 2022 at 8:11 pm | Economic Affairs

November 7, 2022Islamabad ( EA Report)H.E Mr. Ameer Khurram Rathore, Pakistan’s Ambassador to Kingdom of Saudi Arabia paid a courtesy call on Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar at the Finance Division, today. The Finance Minister and the Ambassador discussed long-standing deep-rooted bilateral relations between Pakistan and Saudi Arabia, which are strengthening with each passing day. The recent visit of Prime Minister of Pakistan to Saudi Arabia and the support in various areas extended by the leadership of Saudi Arabia were appreciated in the meeting. Ambassador Mr. Ameer Khurram Rathore said that the recent visit of Prime Minister of Pakistan has further enhanced the brotherly relations between Pa...

November 7, 2022 at 9:55 am | Economic Affairs

November 7, 2023Islamabad (PR)Lord Wajid Khan, Member House of Lords UK along with a delegation of prominent businessmen from UK called on Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar at Finance Division, today. The business delegation comprised Mr. Zuber Issa, CBE, head of EG Group & ASDA, Mr. Mohammad Asim, Mr. Mohammad Tayyab and Mr. Shakoor Ahmed, Directors of EG Group. SAPM on Finance Mr. Tariq Bajwa, SAPM on Revenue Mr. Tariq Mehmood Pasha, Secretary Finance and other senior officers of Finance Division also attended the meeting. Finance Minister Senator Mohammad Ishaq Dar welcomed the delegation and apprised of them the current overall macroeconomic outlook of the country.The Finance Minister...

November 7, 2022 at 9:55 am | Economic Affairs

Rawalpindi, 01 November 2022:His Excellency Mr Nicolas Galey, French Ambassador to Pakistan called on General Qamar Javed Bajwa, Chief of Army Staff (COAS) at GHQ, today.During the meeting, matters of mutual interest including defence & security cooperation and overall regional security situation were discussed. COAS said that Pakistan values its relations with France and we earnestly look forward to enhance mutually beneficial multi-domain relations based on common interests. Both reiterated the desire to further enhance bilateral relations in fall fields.The visiting dignitary expressed his grief over the devastation caused by floods in Pakistan and offered sincere condolence to the families of the victims.The visiting dignitary appr...

November 1, 2022 at 5:21 pm | Economic Affairs

October 31, 2022Islamabad: A renowned businessman Saif Ullah Paracha has been returned to Pakistan after his acquittal from years long investigation at infamous US prison Guantanamo Bay.Due to the hectic efforts of the Pakistan's embassy Washington and the Ministry of Foreign Affairs (MOFA), Mr Paracha reached Pakistan safely on Saturday, 29 October, 2022 after facing a prolonged investigation conducted by the US authorities during his detention at the infamous prison of America. Although he was found not guilty during the investigation, however, the Foreign Ministry completed an extensive inter-agency process to facilitate the repatriation of Mr. Paracha. MOFA announced that "We are glad that a Pakistani citizen detained abroad...

October 31, 2022 at 6:29 pm | Economic Affairs

EA Report LAHORE, Sept. 04–22 Pakistan's rupee maintained its strength against the US dollar by staying up near 0.9 percent in inter-bank market during opening trading hours on Tuesday.Pak rupee was being quoted at 225.30 with an appreciation of Rs1.99 or 0.88 percent against the greenback, during intra-day trading right at around 10:35amPakistan's rupee, last day, had maintained its upward trajectory against US dollar for the seventh straight session, closing at 227.29 appreciating to Rs1.16 or 0.51% in the inter-bank market.Analysts attribute rupee's recent gain to the return of Ishaq Dar, widely seen as an advocate of a strong rupee.The newly-appointed finance minister on Monday clearly said that the country’s currency could s...

October 4, 2022 at 3:48 pm | Economic Affairs

On 1st April 2022, the 2022 Presidents’ Forum of Hubei-South Asian Universities & The 2nd Meeting of South Asian-Hubei Universities Alliance was held online and offline at Yichang, Hubei province China hosted by the Hubei provincial department of education and hosted by the three gorges university. The Theme of the conference was Cooperation and Exchange between Universities in Hubei and South Asia in the Post-epidemic Era: Opportunities, Challenges and Countermeasures. Yu xuemin, Deputy director of Hubei provincial education department, Zhang Jin'an, Vice mayor of Yichang Municipal People's Government, Wang Junchang, General manager of Yunnan Nadebei hydropower development Co., Ltd., and 70 representatives of 11 Chinese Universities...

April 4, 2022 at 9:55 am | Economic Affairs

Interview by S. A. Chaudhry and Ali Hussain The Economic Affairs: The Organization of Islamic Cooperation (OIC) is the largest inter-governmental organization after the United Nations. Since its establishment in 1969, the OIC has played an important role to advocate the Islamic cause around the world. How do you assess the historic role of the Organization? Ambassador of the Kingdom of Saudi Arabia H.E. Nawaf Saeed Al Malkiy: The OIC is the second largest intergovernmental organization after the United Nations, with 57 member states and covering four continents. It is the collective voice of the Muslim world to ensure and protect their interests in the economic, social and political spheres. In addition, it has institution...

March 22, 2022 at 9:53 am | Economic Affairs

Interview by S. A. Chaudhry and Ali Hussain The Economic Affairs: The OIC is the largest intergovernmental organization after the UN. Since its establishment in 1969, the OIC has played an important role to advocate Islamic causes around the world. How do you assess this historic role of the Organization? H.E. Mustafa Yurdakul, Turkish Ambassador: The OIC was established in the aftermath of the arson of the Al-Aqsa Mosque, which is the third holy shrine of Muslims located in Al-Quds. Liberation of Palestine and Al-Quds has been the main cause of the organization. However, OIC's reason for being is not limited to this cause. Strengthening the bond of unity and solidarity among member states, uplifting Islamic values, protecting ...

March 22, 2022 at 9:44 am | Economic Affairs

Interview by S. A. Chaudhry and Ali Hussain The Economic Affairs: The OIC is the largest intergovernmental organization after the UN. Since its establishment in 1969, the OIC has played an important role to advocate Islamic cause around the world. How do you assess this historic role of the Organization? High Commissioner of Nigeria H.E. Mohammed Bello Abioye: The Organization of Islamic Cooperation is an International Organization founded in Rabat, Morocco in 1969. It consists of 57 member states, with collective population of over 1.8 billion. Today, the OIC is the second largest intergovernmental organization after the UN and the historic role of the organization has been well established in the areas of preserving Islamic, ...

March 22, 2022 at 9:39 am | Economic Affairs

By Dr. Hassan Daud Butt Govt is especially focusing on development of integrated tourism zones and infrastructure, particularly roads connectivity, motorways and highways to augment sector. Tourism is an organized, regular and multidimensional business activity, which has grown to the level of industry of worldwide importance. Tourism activities contribute towards economic growth and are internationally regarded as a vehicle for generating employment. Tourism has also been identified as a source of regional integration and balanced regional development that can contribute towards increased people-to-people interaction, improved trade and economic cooperation and linkages for the mutual benefit of economies. The economic be...

March 22, 2022 at 7:52 am | Economic Affairs

By Javed Hafeez Palestinian issue has been on the UN agenda for decades and remains unresolved to date. The historic land of Palestine, which has the unique distinction of being revered by the followers of three revealed religions, has been reduced to a zone of perpetual conflict. This is a great paradox of our times as these three religions had brought divine messages for love of humanity, peace and amity. Those divine messages have been violated with impunity, setting a wrong example for conduct of international relations. The Palestinian population has faced expulsion, occupation, unfulfilled pledges and dashed hopes. A large number of Palestinians continue to live in refugee camps, some of them in appalling conditions. The Pal...

March 22, 2022 at 7:41 am | Economic Affairs