Pakistan Takes Effective Measures To Jump-Start Stagnant Economy: Minister

Pakistan’s caretaker Minister for Finance, Shamshad Akhtar, said, the country has taken measures to jump-start the national economy amid challenges.The caretaker government adopted a holistic approach to developing a roadmap to augment macroeconomic m…

Pakistan’s caretaker Minister for Finance, Shamshad Akhtar, said, the country has taken measures to jump-start the national economy amid challenges.

The caretaker government adopted a holistic approach to developing a roadmap to augment macroeconomic management in reviving economy, the minister said at a press conference.

Fiscal stability and fiscal coordination with monetary policy, as well as, external policy are being reinforced, which is the anchor of macroeconomic management, Akhtar said.

The minister said that, efforts are also being made to enhance the social safety net, during the period when structural reforms are being implemented.

“We would try to enhance the social safety net and more importantly, financial inclusion would be expedited, so that small- and medium-sized enterprises, agriculture sectors and citizens get opportunities for financial empowerment through digitisation,” she added.

Commenting on the rising inflation in the country, she said, there is a need to promote industrialisation and maintain a regular supply chain to rein in inflation and enhance exports

Source: Nam News Network

World Bank delegation calls on Caretaker Sindh Finance Minister in Karachi

A four-member delegation of the World Bank led by Country Director Najy Benhassine met with Caretaker Sindh Finance Minister Muhammad Younus Dagha at his office in Karachi.During the meeting, the Minister briefed the delegation in detail about the pro…

A four-member delegation of the World Bank led by Country Director Najy Benhassine met with Caretaker Sindh Finance Minister Muhammad Younus Dagha at his office in Karachi.

During the meeting, the Minister briefed the delegation in detail about the progress on the ongoing projects supported by World Bank in the province.

The members of delegation expressed satisfaction over the progress on the various projects and assured of their full cooperation.

Source: Radio Pakistan

‘Punjab to lift stocks from sugar mills at Rs140 per kg to curb price hike’

Caretaker Punjab Chief Minister Mohsen Naqvi has said provincial government will sell sugar at special stalls at model bazaars and Sunday bazaars.Talking to a delegation of sugar mill owners in Lahore on Sunday, he said sugar mill owners will sell sug…

Caretaker Punjab Chief Minister Mohsen Naqvi has said provincial government will sell sugar at special stalls at model bazaars and Sunday bazaars.

Talking to a delegation of sugar mill owners in Lahore on Sunday, he said sugar mill owners will sell sugar to provincial government at a rate of 140 rupees per kg and this reduction in sugar prices will directly benefit the people of the province.

The delegation informed the Chief Minister that an abundant stock of sugar is available in Punjab.

Source: Radio Pakistan

Punjab govt to hand over management of 1000 schools to Muslim Hands Pakistan

The Punjab government decided to entrust the management and supervision of one thousand schools in the province to Muslim Hands Pakistan.The decision was taken during a meeting between caretaker Chief Minister Punjab Mohsin Naqvi and a six-member dele…

The Punjab government decided to entrust the management and supervision of one thousand schools in the province to Muslim Hands Pakistan.

The decision was taken during a meeting between caretaker Chief Minister Punjab Mohsin Naqvi and a six-member delegation of Muslim Hands Pakistan in Lahore on Sunday.

Speaking on the occasion, Mohsin Naqvi said with the cooperation of the private sector and welfare organizations, the quality of education in government schools will be improved.

He said Punjab government will deliberate on up-gradation of the emergency departments of major hospitals with the support of Muslim Hands Pakistan.

Source: Radio Pakistan

6 killed in road accident near Sheikhupura

A passenger bus turned turtle near Khanqan Dogran Sheikhupura due to over speeding late night in which six passengers were killed and more than 50 were injured.According to rescue officials, the injured have been shifted to hospital.Source: Radio Paki…

A passenger bus turned turtle near Khanqan Dogran Sheikhupura due to over speeding late night in which six passengers were killed and more than 50 were injured.

According to rescue officials, the injured have been shifted to hospital.

Source: Radio Pakistan

Caretaker Balochistan CM orders strict action against hoarding, smuggling

Caretaker Chief Minister Balochistan Mir Ali Mardan Khan Domki has directed concerned officials to take stern action against elements involved in smuggling and hoarding across the province.According to a hand-out, he directed to take effective action …

Caretaker Chief Minister Balochistan Mir Ali Mardan Khan Domki has directed concerned officials to take stern action against elements involved in smuggling and hoarding across the province.

According to a hand-out, he directed to take effective action against smuggling of sugar.

The Chief Minister also directed to make functional all price control Committees to take action against profiteers.

Source: Radio Pakistan

Caretaker Punjab CM summons provincial Cabinet’s meeting on Monday

Punjab Caretaker Chief Minister Mohsin Naqvi has summoned the 25th meeting of the Punjab cabinet in Multan tomorrow.The cabinet meeting will be held at South Punjab Secretariat.Important matters relating to the province and agenda items of different d…

Punjab Caretaker Chief Minister Mohsin Naqvi has summoned the 25th meeting of the Punjab cabinet in Multan tomorrow.

The cabinet meeting will be held at South Punjab Secretariat.

Important matters relating to the province and agenda items of different departments will be reviewed in the meeting.

Provincial ministers, advisers, chief secretary, inspector general of police and officials concerned will participate in the meeting.

Cabinet members, advisors, Chief Secretary, IG Punjab Police and other relevant officials will attend the meeting.

Source: Radio Pakistan

SIFC to Introduce Easy Visa Policy for Foreign Businessmen

The Apex Committee meeting of the Special Investment Facilitation Council (SIFC) Saturday decided to introduce a new easy visa policy for foreign businessmen.The meeting was chaired by the caretaker Prime Minister Anwaar-ul-Haq Kakar and attended by t…

The Apex Committee meeting of the Special Investment Facilitation Council (SIFC) Saturday decided to introduce a new easy visa policy for foreign businessmen.

The meeting was chaired by the caretaker Prime Minister Anwaar-ul-Haq Kakar and attended by the Chief of Army Staff, Federal Cabinet, Provincial Chief Ministers, and high-level government officials. Ministries presented comprehensive plans, covering milestones, timelines, and solutions to overcome major challenges, according to a handout issued by the Prime Minister’s office.

After the meeting, in a video message, the premier said that important decisions regarding the new visa regime had been taken today. He said Pakistani embassies would issue visas to businessmen who have a letter from either the host countries or any global business organization. Moreover, invitations from Pakistani chambers and entrepreneurs to foreign business people would also be enough for the issuance of visas.

The second session of the 5th Apex Committee meeting sought input from the Ministries of Foreign Affairs, Interior, Information Technology and Telecommunications, National Food Security and Research, and Water Resources for improving business and investment climate in the country.

The committee unanimously decided to take all decisions in the larger interest of the country and deal with the menace of smuggling, hoarding, and market manipulation with iron hands through an elaborate enforcement mechanism.

The premier directed the ministries to optimally utilize the short interim period for a positive contribution while also initiating medium and long-term policy interventions.

The Army Chief pledged unwavering support of the Pakistan Army to the government’s efforts for the ‘economic revival’ of the country, the handout said.

Source: Pro Pakistani

Price of Gold in Pakistan Falls by Nearly Rs. 30,000 Per Tola in One Week

The price of gold in Pakistan declined for the sixth consecutive day during the week on Saturday to close at Rs. 212,000 per tola.According to the data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 …

The price of gold in Pakistan declined for the sixth consecutive day during the week on Saturday to close at Rs. 212,000 per tola.

According to the data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) decreased by Rs. 500 per tola to Rs. 212,000 while the price of 10 grams declined by Rs. 428 to close at Rs. 181,756 on Saturday.

The price of gold began the week with a slight decline of Rs. 700 per tola on Monday. However, the decreases in price stood at Rs. 6,300, Rs. 10,500, Rs. 5,800, and Rs. 4,000 per tola on Tuesday, Wednesday, Thursday and Friday respectively.

Cumulatively, the price of the precious fell by a record Rs. 27,800 per tola during the outgoing week. The sharp decrease in the price of gold is largely due to the fall in the open market rate of the US dollar during the week.

Source: Pro Pakistani