Connect with us

Economy

Managing financial matters sans IMF

Published

on

Uniform curriculum need of the hour

ISLAMABAD: Federal Minister for Education & Professional Training, National History and Literary Heritage Shafqat Mahmood Tuesday said the Finance Minister Asad Umar and his economic team was trying to manage country’s financial matter sans IMF.
The incumbent government was taking consolidated steps to revive its exports and trade volume, besides bringing back foreign investment to boost the national economy, he said while talking to a private news channel.
The wrong and ill-conceived policies of the past regimes were responsible for the weak economy of the country and disruption in the working of national institutions.
The Pakistan Tehreek-e-Insaf government, under the leadership of Prime Minister Imran Khan, was taking concrete steps for putting the country on the right path of development and prosperity.
He said the topmost priority of the government was to further increase country’s exports with all the countries including China, Japan, Indonesia, besides promotion of the local industry.
He said, this year, the government would make a huge break-through in country’s exports products and the exports figure would be much higher as compared to the previous exports targets.
Commenting on the Kashmir solidarity day, the minister said the people and government of Pakistan were standing and supporting the freedom moment of self-determination of Kashmiri people.
He said the government was highlighting the Kashmir issue at all the International forums and supporting Kashmiris stance of their self-determination and freedom movement.
Replying to a question, he said there would be no compromise on Kashmir cause and the dialogue between two countries without Kashmir was not an option of the government.
He further said the Kashmir was an outstanding issue and a cause of dispute between both the countries of Pakistan and India, adding, its resolution as per the aspirations of Kashmiri people was the need of the hour.

 

 

 

 

app

Continue Reading
Advertisement

Economy

30 new development schemes in GB

Published

on

GB to be accorded all powers

ISLAMABAD: The Gilgit-Baltistan Departmental Development Working Party (DDWP) has approved 30 new development schemes worth Rs 3.90 billion.
The decision in that regard was taken in the DDWP meeting held in Gilgit-Baltistan with Chief Secretary Muhammad Khurram Agha in the chair, Radio Pakistan reported on Saturday. The chief secretary, on the occasion, directed for timely completion of the schemes saying that the government will not compromise the quality of work and ensuring transparency in the projects.

 

Continue Reading

Economy

Registered workers’ applications for Hajj!

Published

on

Electronic grouping of pilgrims

ISLAMABAD: The Workers Welfare Fund (WWF), Ministry of Overseas Pakistanis and Human Resources Development, has asked the registered workers of capital based factories/establishments to submit their applications for inclusion in Hajj draw by 28th February.
According to a WWF official, ten registered industrial workers from Islamabad would be chosen through balloting, whose hajj expenses would be borne by the Fund.
The minimum age of the applicants should be 40 years and must not be over 60 years. They should fulfill the criteria of a worker as defined by IRA-2017, and be registered with Employees Old-Age Benefits Institution (EOBI) or Employees Social Security Institutions (ESSI). They are required to submit an affidavit stating that they had not performed Hajj at least in last five year (from 2014-18).
The applying worker must submit a certificate from his respective institution that the institution is situated and registered within the limits of Islamabad Capital Territory (ICT). In the case of women worker, all expenditure and another arrangement of her accompanying Mehram will be paid by herself.
WWF would pay the expenses as per the announced Hajj Policy 2019, complete applications should be sent to Assistant Director (Welfare) WWF, Building No 2, Street no 39, Mauve Area, G-10/4, Islamabad.
In case a selected worker is failed to go to perform Haj, he/she will not be entitled to receive the money. His berth will be allotted to next waiting candidate to avail the free hajj facility. The decision of WWF will be final and cannot be challenged in any case.

 

Continue Reading

Business

EODB more important factor for economy!

Published

on

LAHORE: Lahore Chamber of Commerce & Industry (LCCI) President Almas Hyder said on Saturday that ‘Ease of Doing Business’ was a more important factor than say for businesses growth and for a sustainable economy.
“It is a good omen that present regime is well aware of the importance of Ease of Doing Business and trying to change the scenario in this regard through economic reforms,” he observed while talking to a group of business leaders here. Almas Hyder said that importance of businesses could not be undermined for economic development as these provide jobs to the growing population, generate revenue for the government to run the affairs of state and attract foreign investment to the country which not only provides employment but also brings new technologies.
“Pakistan is at 136th place in the international index of ease of doing business while the ranking of a number of those countries is better than us who have fewer resources. Pakistan is at 130th position in starting a business, 166th in dealing with construction permits, 167th in getting electricity, 161 in registering property, 112th in getting credit, 26th in protecting minority investors, 173rd in paying taxes, 142nd in trading across borders, 156th enforcing contracts and at 53rd in resolving insolvency in the international indexes,” he maintained. Almas Hyder said that Pakistan had to take giant leaps towards improvement in these rankings, suggesting that a company office in Pakistan should be established for incorporation of new companies.
He added that an electronic One Window Operation at LDA (Lahore Development Authority) should be established and automation of construction permits should be completed at LDA including electronic submission of application.
Almas Hyder said that reduction in the number of taxes, change the mode of payments would help jack-up Pakistan’s international ranking in paying taxes. He also suggested that revenue (tax) collection should be separated from services as it would help the government to manage the affairs in a better manner. “Getting electricity is one of the major economic indicators and we have to make these better if we want to compete impressively with our competitors in the international market,” he opined. He said that registration of property should be easy for businessmen through modern technologies and one-window operation.

Continue Reading

News Pakistan Trending