Connect with us

Economy

Sensitizing expats about welfare initiatives

Published

on

senate

ISLAMABAD: Senate Standing Committee on Overseas Pakistanis Tuesday formed a sub-committee to devise a strategy for sensitizing the Pakistani Diaspora about the modus operandi being opted for their welfare initiatives.
The sub-committee will not only review the measures being taken for the expatriates by the departments working under the auspices of Ministry of Overseas Pakistanis and Human Resource Development but also give recommendations to make them familiar about their welfare initiatives.
The body was met here with Senator Shaheen Khalid Butt, who convened the meeting in place of chairman committee Hilal-ur-Rehman, in the chair to evaluate the performance of Overseas Pakistanis Foundation (OPF).
Describing the Pakistani Diaspora as the country’s precious asset Shaheen Khalid said the protection of their rights and better provision of facilities to them was the responsibility of the state.
He said the efficiency of OPF could be improved by informing this community about their rights and facilities offering by their motherland.
OPF Managing Director (MD) Dr. Amir Sheikh apprised the committee that the foundation was taking numerous steps for the expatriates including financial assistance in the welfare sector, facilitation counter at national airports, repatriation of expired overseas Pakistanis, the establishment of fast-track courts for swift grievance redressal and others.
He said the OPF was embracing modern technologies and using social media to ensure connectivity between the government and the Pakistani Diaspora, admitting that a communication gap still exists between them.
The Secretary Overseas division briefed about the punishment status of Abdur Rehman, a Pakistani national, who was facing a death sentence on the order of Malaysian Supreme Court. He said the government could either apply for Royal apology or file a review petition in Malaysia for his acquittal, adding it was the choice of convict’s family to go for any available option.  Abdur Rehman’s father was also invited to the committee to present his son’s case before the committee.

 

Continue Reading
Advertisement

Economy

Pakistan’s economic condition has improved: Dr Reza Baqir

Published

on

Reza Baqir

ISLAMABAD: State Bank of Pakistan Governor Dr Reza Baqir, while addressing a press conference here, has said that Pakistan’s economic condition was improving due to the positive policies taken by the government.

“Our external deficit and fiscal deficit are being addressed according to our economic plan,” he said, adding the government was striving hard to bring economic stability in the country.

He said that the government was taking measures to restore people’s confidence in the economy and added that Pakistan’s economic future was bright. In the past, government had been interfering in the exchange rate system, he added.

The SBP governor said that the burden of external debt payments reduced due to the devaluation of rupee. He said that exchange rate policy was the part of reform process. Baqir said that the government was not taking loan from SBP during  the current fiscal year.

Earlier on June 14, good economic policies ensured a strong national economy, Prime Minister’s Adviser on Finance Abdul Hafeez Shaikh had said.

The adviser was addressing a gathering of the Council of Foreign Relations in Karachi. The governments in the past failed to devise the policies for lasting economic development, the finance adviser had said.

 

 

 

 

 

app

Continue Reading

Economy

Nahakki Tunnel opened for traffic

Published

on

TUNNEL

ISLAMABAD: The 745-meter-long Nahakki Tunnel has been completed in Mohmand Agency.
The tunnel has been opened for all kinds of traffic as well. Locals talking to a private news channel said after the construction of the tunnel, traveling of five hours has been reduced to merely 2.5 hours.
People said they were happy with this infrastructure as it would facilitate them in traveling and save time.

app

Continue Reading

Asia

Turkey hits out at Moody’s after credit rating cut

Published

on

Moodys

ANKARA: Turkey on Saturday lambasted Moody’s ratings agency after it cut Ankara’s credit rating further into junk territory, saying the downgrade raised concerns over the institution’s “objectivity and impartiality”.
The agency downgraded the long-term debt rating to B1 from Ba3 and said it maintained the negative outlook for Turkey, in a statement late Friday.
Although the country had a “large, diverse economy” and government debt was low, Moody’s said this was outweighed increasingly by “continued erosion in institutional strength and policy effectiveness on investor confidence”.
But the Turkish treasury and finance ministry said the move was “incompatible with the Turkish economy’s fundamental indicators”.
“As a result, this raises questions over the objectivity and impartiality of the body’s analyses,” the ministry added in a statement.
It pointed to rising tourism revenues, falling inflation, and a new judicial reform package as examples of “very positive developments that we sadly see are being ignored”.
The Turkish economy entered into recession for the first time in a decade last year following a currency crisis in the summer amid tensions with the United States.

app

Continue Reading

News Pakistan Trending

News Pakistan TV, one of Pakistan’s leading multimedia news providers including latest and featured stories, offers exclusive information 24/7 regarding web-only content/ information based on insights and opinions. We also offer multimedia projects gathered by our trusted and dedicated correspondents.