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Economy

French businessmen willing to invest in Pakistan: Envoy

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french envoy

ISLAMABAD: French Ambassador  H. E. Dr. Marc Baréty today said French businessmen were willing to invest & explore possibilities for investment in different sectors in Pakistan.
He expressing his satisfaction over the security situation in Pakistan, which, he said, had improved a lot.
The French ambassador expressed these views in a meeting with acting Senate Chairman Saleem Mandviwala here at the Parliament House.
The acting Senate chairman welcomed the remarks of French envoy, saying trade needed to be diversified as the current volume of trade between the two countries was much below the mark.
Saleem Mandviwala said trade provided better opportunities to bring people of the two sides closer. “Business chambers and associations have a huge potential to boost trade,” he said, adding business and trade chambers were the powerhouses generating business activities and consolidating bilateral ties.
He said trade volume between Pakistan and France needed to be increased and trade chambers could play an active role in that regard. The trade associations needed to be connected to their respective counterparts to explore the possibilities for bilateral trade and investment.
He said Pakistan valued its bilateral relations with France and desired to further expand the same through enhanced interactions at parliamentary and other levels.
The acting Senate chairman also raised the issue of the travel advisory. He said the travel advisory needed to be reviewed so that people to people contacts and bilateral trade and investment opportunities could be explored.
The ambassador said, “I have a very positive view of Pakistan as far as security is concerned.” France had reviewed its travel advisory for Pakistan, he added.
Regarding parliamentary cooperation, the acting Senate chairman said parliamentary cooperation between the parliaments was another area through which people to people contacts could be boosted. He also underscored the need for making the friendship groups of the two sides more active and vibrant. 
Senator Sana Jamali, a member of the Pakistan–France Friendship group, also emphasized the need for increased linkages.
She proposed for establishing French Language centers in Balochistan to enable the youth of Balochistan to learn the French language.
The acting Senate chairman also extended an invitation to his counterparts in the French Senate to visit Pakistan and interact to learn from each other’s experiences and exchange ideas for strengthening bilateral cooperation.

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Asia

Bears growl at Hong Kong bourse

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Bearish bourse

HONG KONG: Shares fell more than one percent Tuesday, hit by concerns over rising  Iran-US tensions and as investors await this week’s crucial trade talks between  Donald Trump and Xi Jinping.
The Hang Seng Index sank 1.15 percent, or 327.02 points, to 28,185.98. The benchmark Shanghai Composite Index fell 0.87 percent or 26.07 points,
to 2,982.07, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, lost 0.99 percent, or 15.63 points, to 1,560.46.

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Economy

Asset declaration scheme: No extension to be granted!

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tax amnesty

ISLAMABAD: PM has warned that there would be no extension in the 30th of June deadline, therefore, people should legalize their undeclared assets.

He was speaking on Monday (24th of June) about the asset declaration scheme. He said that the country stood at the crossroad and every citizen would have to play his role in ameliorating the economy of Pakistan. Maintaining that the country could not move forward unless taxes were collected, Imran Khan held that nation and government could work together for the success of the scheme. 

He told that modern technology would be introduced in the tax system and a helpline would also be set up for facilitation of public.  PM pointed out that the first time Baynaami laws had been enacted to bring the undeclared wealth into the tax net.

He said measures were being taken to augment income and reduce loans. He further pointed out that Govt. was implementing austerity drive to reduce expenditure. He lamented that half of the income goes to repay interest on loans. 

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Economy

USAID provides waste mgmt. eqpt. to Jacobabad

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USAID JACOBABAD

JACOBABAD: USAID Director for Sindh & Balochistan Michael Hryshchyshyn handed over waste management equipment to the municipality here at the DC office.

These 80 waste management vehicles and related equipment, provided under USAID’s Sindh Municipal Services Program (MSP), were handed over in the presence of Sindh Minister for Local Govt., Saeed Ghani and Chairperson of the Sindh Planning & Devt. Board, Naheed Durrani.

Michael Hryshchyshyn articulated that the US Govt. was proud to partner with the Govt. of Sindh in the joint initiative of providing a clean & healthy environment for the citizens of Jacobabad. Through MSP USAID is helping the city rehabilitate its water supply, sewerage, and garbage collection systems. 

Construction of the new water system is near completion and over 300,000 citizens of Jacobabad will all have access to clean, potable water and will be living in a much cleaner environment, all which will have a significant impact on their health and well-being.

USAID JACOBABAD

USAID JACOBABAD

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