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Govt releases Rs 470.2 bln for development projects

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development projects

ISLAMABAD: The federal government has so far released Rs470.2 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2018-19 as against the total allocation of Rs675 billion.

Under its development program, so far the government had released an amount of Rs192.714 billion for federal ministries, where as Rs219.757 billion for corporations and Rs37.6011 billion for special areas, according to latest data released by Ministry of Planning, Development and Reform.

Out of these allocations, the government released Rs208.835 billion for National Highway Authority (NHA) out of its total allocation of Rs185.197 billion.

Under annual development agenda, the government had also released Rs10.921 billion have been released for NTDC and PEPCO for which an amount of Rs33.365 billion was allocated under PSDP 2018-19.

Similarly, Rs6.632 billion have been released for Communication Division (other than NHA) as the government had earmarked Rs13.977 billion in its PSDP 2018-19.

Railways Division received Rs16.999 billion out of its total allocation of Rs28.06 billion whereas Aviation Division received Rs1039.540 million out of total allocation of Rs3.65 billion.

The government had also released an amount of Rs18.510 billion for various development projects of Higher Education Commission as against the total allocation of Rs30.961 billion for current fiscal year.

 

 

 

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National

PTI govt steering economy towards stability: Farrukh Habib

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Farrukh Habib

ISLAMABAD: Parliamentary Secretary for Railways and Member National Assembly of Pakistan Tehreek I Insaf (PTI) Farrukh Habib Saturday said his government was steering the economy towards stability and through budgetary measures would protect vulnerable segments of society and give loans to unemployed youth.

Taking part in the budget debate, he said the incumbent government allocated Rs 47 billion for the sector of education.

He said there was a time in Pakistan when dams were built and Pakistan International Airlines helped create other international airlines.

Pakistan had deposits of copper and coal and had huge potential to promote tourism, he observed.

He said the former rulers bought flats in foreign countries, laundered money and built factories.

Farrukh said before Pakistan Tehreek-i-Insaf formed government, the foreign exchange reserves had dropped from US $ 18 to US $ 9 billion.

He said a former prime minister paid tax of Rs 5000 in a year. The last government increased sales tax from 16 percent to 17 percent, he added.

The Parliamentary Secretary criticized the opposition for saying that it would not let the government pass the budget.

He said the PMLN government increased the budget of Prime Minister House to Rs 1.17 billion while PTI government cut the budget to Rs 750 million.

Imran Khan was determined to put the economy on the right track and break the begging bowl, he said adding, Special Economic Zone would be set up in Faisalabad, which was exporting goods worth six billion dollar.

He said new projects would be initiated in Faisalabad for protection of environment and provision of drinking water.

The previous government damaged the textile sector while PTI brought uniformity in the gas rates for industries in the provinces to boost the textile sector, he said adding, exporters should be refunded taxes paid by them.

 

 

 

 

 

 

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Red carpet welcome for Emir of Qatar as he arrives in Pakistan

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Imran Khan Qatar Emir

RAWALPINDI: Emir of Qatar Sheikh Tamim bin Hamad Al Thani reached Pakistan today on a two-day visit.

The Emir’s jet landed on the Nur Khan Airbase Chaklala, Rawalpindi in the evening.

Qatari Emir is visiting Pakistan at the invitation of Prime Minister Imran Khan. He will be accompanied by a high-level delegation comprising key ministers and senior officials.

According to the Foreign Office, the visiting dignitary will hold talks with PM Imran and will also have a meeting with President Dr Arif Alvi.

The two sides will discuss ways and means of building a robust and mutually beneficial economic partnership.

During the visit, Pakistan and Qatar will sign several MoUs to enhance bilateral cooperation in different areas.

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Pakistan supports lasting peace, stability in Afghanistan: FM

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Qureshi

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi has reiterated Pakistan’s unshakable resolve to support lasting peace, stability and prosperity in Afghanistan, besides lending support to the reconstruction and development efforts in the war-torn country.

In his speech at the inaugural session of the Afghan peace conference title “Lahore Process” in Bhurban Murree , he maintained that Pakistan stood for the sovereignty and territorial integrity of Afghanistan and remained fully committed to a peaceful, stable, united, democratic and prosperous Afghanistan.

The Minister said we are determined to build our bilateral relationship on the principles of non-interference, mutual respect and common interest.

A number of prominent Afghan leadership including Afghan High Peace Council chairman Karim Khalili, Gulbuddin Hikmatyar, Ustad Atta Noor and others were attending the conference.

Qureshi Afghan Peace

Qureshi Afghan Peace

Qureshi Afghan Peace

Qureshi Afghan Peace

About decades’ long conflict in Afghanistan, the minister said it had brought great sufferings to the people of Afghanistan and Pakistan.

He said no one has suffered more than the people of Pakistan due to this persistent instability and conflict.

Linking Pakistan’s security with the instability in Afghanistan, Qureshi said it continued to be deeply influenced by the security situation in Afghanistan.

“Advancing the cause of peace and stability in Afghanistan is, therefore, in Pakistan’s own national interest,” he reiterated, adding mutual ties between the two countries were based upon principles of non-interference, mutual respect and common interests.

He further clarified that no one in Pakistan subscribed to any notion of so-called ‘strategic depth’ in Afghanistan.

“We must not let anyone resurrect this dead horse to advance their propagandist aims or seek to sow the seeds of misunderstanding between us and our Afghan brethren,” he added.

Qureshi said they wanted to see a friendly Afghanistan governed by an elected leadership and representative of the aspirations of all Afghans.

About the previous mistrust between the two neighbours, he said for too long, the vicious circle of mistrust, often fed into by their common enemies, had affected their relationship.

“It is indispensable to move away from this negative paradigm,” he emphasized.

The minister said Pakistan whole-heartedly facilitated the Afghan peace process in good faith and as a shared responsibility and would continue to play its due role in this regard.

He noted that Pakistan’s support was crucial in overcoming the political stalemate ‘that looked impossible to break just a year ago’ and mentioned Prime Minister Imran Khan’s personal commitment to peace and reconciliation in Afghanistan.

He also referred to his visits of Kabul and others undertaken in the regional countries including China, Russia, Iran, Turkey, Qatar, Saudi Arabia, Oman and the UAE in an effort to build regional consensus on the ongoing peace process.

About the ongoing peace and reconciliation process in Afghanistan, he said the renewed push for peace had created a new opportunity and every effort must be made to seize it.

“We cannot afford to miss this rare opportunity,” he said.

The minister also cautioned against the forces wanted to create misunderstandings and divisions between them.

He observed that it was incumbent upon the leadership of the two countries to take practical steps to build mutual trust and confidence.

“We must not allow our respective territories to be used by anyone to the detriment of our interests,” he stressed.

Qureshi further said that Pakistan was committed to further deepen its engagement with all sections of the Afghan society and their representatives to build on these achievements, as per expectations of the people of Afghanistan.

He also noted with appreciation, the achievements made by the Afghan people despite 18 years’ long enormous challenges.

In addition to playing our role in the peace process, he said, Pakistan also remained committed to the Afghan reconstruction and development efforts, post-settlement.

He said Pakistan was ready to help Afghanistan through trade, investment, connectivity and capacity-building of the Afghan people.

Pakistan was also committed to enhancing people-to-people contacts and cultural exchanges, he added.

About return of the Afghan refugees, he said they wished to work with Afghanistan and the world community to create conditions for the dignified, safe and voluntary return of Afghan refugees to Afghanistan.

Appreciating the Afghan political leadership, he said the people of Afghanistan were looking towards their leaders including all those present here, with the hope for a better future, a future, that they so earnestly deserved.

 

 

 

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