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Economy

Pakistan to bridge the gap of $12b: Asad Umer

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Economic situation to be cleared

ISLAMABAD: Federal Minister for Finance Asad Umer on Tuesday expressed the hope that the country would bridge the gap of 12 billion US dollars through loans being sought from various foreign institutions and banks.
Pakistan needed to fill this and for this, the present government would seek the loan facility from International Monetary Funds, World Bank, and Asian Development Bank, etc., he stated while talking to a private news channel.
Taxes had been levied on luxuries items including cars, he said, adding focus would be given to expedite exports by improving industrial sectors.
To a question about power and gas pilferage, he said through modern technology, we would control such heinous activities.
To another question regarding the current account deficit, he said the previous governments were responsible for damaging the economy and other institutions.
The PTI government had put the 100-day plan on the website, he said adding that we were trying to stabilize the economy of the country.
Replying to a question about the housing project, he said it was a difficult task but we would implement this gigantic project for benefiting the low-income group.
He said the government would provide shelters to low-income people and the private sector would invest to achieve the target of 50,00,000 houses.
Asad Umer said the government would make legislation and formulate the policy for the housing project.  Good governance, he said, would address the challenges being faced by the country. People had expressed full confidence in the honest leadership of PTI chief Imran Khan, he added.

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Economy

Contain population: SC

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ISLAMABAD: Supreme Court today directed the government, civil society, and religious scholars to take steps to tackle the country’s burgeoning population growth rate.
A three-member bench, headed by Chief Justice Mian Saqib Nisar and comprising Justice Umar Ata Bandial and Justice Ijazul Ahsan, announced the verdict on the case.
The apex court had taken suo motu notice of the explosive increase in the country’s population back in July last year. The court termed the increase in the population is an explosion and said there is a need to launch a nationwide campaign to tackle the issue.
In the judgment, the Chief Justice observed that the increasing population is a question mark on the future generations and the entire nation needs to be united in tackling population growth.

 

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Economy

Geo-Tagging technology for plantation launched

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KARACHI: Sindh Governor Imran Ismail today while launching the “CO2 Smart Executive Club” at NED University of Engineering and Technology, termed it as welcome move in order to have an oxygen-friendly environment.
“There are multiple issues pertinent to climate change and global warming; and it is a unique initiative, very well designed to show the effects of plantation in real time,” he explained.
He put emphasis upon the Clean and Green Pakistan initiative of the present government to reduce the adverse climate change effects on multiple fronts in the country.
He said that the subject matter and the themes covered were of prime significance and also very close to the endeavors of the government. The generation and sharing of knowledge on this count is definitely going to improve prospects of the country.
“I feel that it is the true responsibility of a University to engage itself in civil society with the intention of social and economic service,” the Governor said.
Earlier, the Governor was informed that Geo-tagging technology would be ensured to keep a watch on the saplings planted under “The carbon dioxide smart Executive club.”
The smart executive club is working on devising a method under Geo-tagging technology to estimate proportion of oxygen and carbon dioxide in different areas of the city and to act accordingly by planting more saplings in carbon dioxide condensed areas to ensure oxygen friendly environment.

 

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Economy

Danish delegation visits Faisalabad

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FAISALABAD: Under the development initiative of Punjab government, the waste water treatment plant project costing Rs.15 billion would be completed with the cooperation and financial assistance of Denmark to utilize 150 MGD waste water of Maddoana drain for irrigation purposes.
In this connection, a delegation of Denmark visited Faisalabad and held a meeting with Deputy Commissioner (DC) Sardar Saifullah Dogar.
A delegation headed by Deputy Head of Mission Bente Schiller included Director RDC Ulrik Netterstrom, Investment Director Danida Business Finance Rina Stender Sapru. MD WASA Faqir Muhammad Chaudhry and other officers were also present.
Deputy Commissioner welcomed the Danish delegation and said the Punjab government was taking a keen interest in the provision of potable water to the people. In this connection, the government had set its priorities besides allocating sufficient funds, he said and added that cooperation of Denmark was appreciable which would help in early completion of project.
He said that this project would further cement the bilateral relations between the two counties.
Bente Schiller said that Denmark government through Danida Business Finance was conducting a feasibility study prior to financing a large scale waste water treatment plant with the newest Danish technology.
She hoped that project would enhance the living conditions for the population in and around Faisalabad as pollution through waste water was a major health concern.

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