Pakistan, China ready to invite third parties to participate in CPEC: Moin ul Haque

Pakistan Ambassador to China, Moin ul Haque has said China-Pakistan Economic Corridor is a game changer and very important for socio-economic development of Pakistan.In an interview with CCTV, he said both Pakistan and China have agreed to invite third…

Pakistan Ambassador to China, Moin ul Haque has said China-Pakistan Economic Corridor is a game changer and very important for socio-economic development of Pakistan.

In an interview with CCTV, he said both Pakistan and China have agreed to invite third parties to participate in this project.

He said that new corridors like China-Pakistan Digital Corridor, Green Corridor and Health Corridor have been launched to benefit of emerging opportunities in science and technology and Information Technology fields.

The Ambassador expressed the confidence that advantages from CPEC will not only help Pakistan, but also the regional countries.

Source: Radio Pakistan

UNSC to meet today to discuss raging Israeli-Palestinian conflict

The UN Security Council has convened an emergency private meeting later today to discuss the raging Israeli-Palestinian conflict.Meanwhile, the top UN officials said they are “in close contact with all concerned to urge maximum restraint” following “ho…

The UN Security Council has convened an emergency private meeting later today to discuss the raging Israeli-Palestinian conflict.

Meanwhile, the top UN officials said they are “in close contact with all concerned to urge maximum restraint” following “horrific scenes of violence”.

Expressing deep concern for the civilian population and urging maximum restraint, the UN Secretary-General Antonio Guterres said all diplomatic efforts are being made to avoid a wider conflagration.

He said violence cannot provide a solution to the conflict and peace can be achieved only through negotiation that lead to a two-state solution.

Source: Radio Pakistan

NDMA to dispatch relief items to quake-hit Afghanistan

The National Disaster Management Authority has arranged relief items including food, medicines, tents and blankets as well as Search and Rescue Teams to be dispatched on immediate basis to quake-hit Herat Afghanistan.This was briefed at a special sessi…

The National Disaster Management Authority has arranged relief items including food, medicines, tents and blankets as well as Search and Rescue Teams to be dispatched on immediate basis to quake-hit Herat Afghanistan.

This was briefed at a special session of the National Emergency Operations Centre held in Islamabad today with Chairman NDMA Lieutenant General Inam Haider Malik in the chair.

The meeting reviewed the situation and humanitarian assistance package to Afghanistan in the wake of devastating quake in the country.

The Chairman stressed for swift relief assistance for Kabul that should be sent through fastest means available utilizing air and land routes to Afghanistan. He also requested for facilitation and coordination by all the government departments and agencies involved in the process.

Source: Radio Pakistan

Security forces kill one terrorist in North Waziristan

One terrorist was killed in an exchange of fire with security forces in Razmak area of North Waziristan.According to Inter Services Public Relations (ISPR), weapons and ammunition were also recovered from the killed terroristKnown as Azeem Ullah alias …

One terrorist was killed in an exchange of fire with security forces in Razmak area of North Waziristan.

According to Inter Services Public Relations (ISPR), weapons and ammunition were also recovered from the killed terrorist

Known as Azeem Ullah alias ‘Ghazi’, the killed terrorist remained actively involved in various terror activities against security forces and killing of innocent civilians.

The ISPR said sanitization has been carried out to eliminate any other terrorist in the area. Locals of the area have appreciated the operation.

Source: Radio Pakistan

OIC voices concern at Israeli escalation in Palestinian territory

Organization of Islamic Corporation has expressed deep concern on dangerous Israeli escalation in Occupied Palestinian territory.The General Secretariat in a statement said that Israel’s impunity has encouraged it to persist in its policy which in thei…

Organization of Islamic Corporation has expressed deep concern on dangerous Israeli escalation in Occupied Palestinian territory.

The General Secretariat in a statement said that Israel’s impunity has encouraged it to persist in its policy which in their entirety amount to war crime against humanity.

The statement stressed for providing international protection for Palestinian people and sponsoring a credible political process to establish an independence sovereign Palestinian State with East Al-Qudus as its capital on the line of 1967 borders.

OIC said achieving a just and comprehensive peace based on vision of two state solutions as per international legitimacy must be pursued.

Source: Radio Pakistan

President urges world to play role for peaceful resolution of Israel-Palestine conflict

President Dr. Arif Alvi says progress towards peace cannot be materialized without condemnation of usurpation and brutalization of Palestinian rights and people by Israel.In a tweet on the social media platform X, he said continuous annexation of land,…

President Dr. Arif Alvi says progress towards peace cannot be materialized without condemnation of usurpation and brutalization of Palestinian rights and people by Israel.

In a tweet on the social media platform X, he said continuous annexation of land, illegal settlements, disproportionate reactions and killings. The result is no hope and no progress towards peace.

The President said time has come to move forward in line with UN resolutions. He said international community can play a big role today towards world peace.

Source: Radio Pakistan

FBR Revises Customs Values on Import of Woven Interlining Material

The Directorate General of Customs Valuation Karachi has revised customs values on the import of Woven Interlining Material/ Buckram (Black/White) and Non-Woven Interlining Material/ Buckram (Black/White) from China/Korea for assessment of duties and …

The Directorate General of Customs Valuation Karachi has revised customs values on the import of Woven Interlining Material/ Buckram (Black/White) and Non-Woven Interlining Material/ Buckram (Black/White) from China/Korea for assessment of duties and taxes.

Earlier, the customs values on the import of Woven Interlining Material/ Buckram (Black/White) and Non-Woven Interlining Material/ Buckram (Black/White) was determined in 2020. The directorate received presentations for revision of the said values.

According to a valuation ruling issued on Friday, different values were declared by different importers for same product. Identical and similar goods value methods provided in Sections 25 (5) and (6) ibid were examined for applicability to determine customs values of subject goods. The data provided some references.

However, it was found that the same could not be solely relied upon due to absence of absolute demonstrable evidence of qualities and quantities of commercial level etc. Information available was, hence, found inappropriate. In line with statutory sequential order of Section 25 of the act ibid, this office conducted market inquiries under sub-section (7) of Section 25 of the Customs Act, 1969.

As the prices of Woven Interlining Material/ Buckram (Black/White) and Non-Woven Interlining Material / Buckram (Black/White) in the market varied significantly and were dependent on quality of the goods and the location of the selling points or shops in the city, therefore, a thorough survey was conducted to arrive at customs values.

Consequently, Deductive Value method as provided under Section 25(7) of the Customs Act, 1969 has been applied to arrive at assessable customs values of Woven Interlining Material Buckram (Black/White) and Non-Woven Interlining Material/ Buckram (Black/White).

Source: Pro Pakistani

World Bank Rates Progress on KP’s Human Capital Investment Project Moderately Unsatisfactory

The World Bank has rated the overall implementation progress of Khyber Pakhtunkhwa Human Capital Investment Project worth $200 million moderately unsatisfactory.The objective of the project was to improve availability, utilization, and quality of prim…

The World Bank has rated the overall implementation progress of Khyber Pakhtunkhwa Human Capital Investment Project worth $200 million moderately unsatisfactory.

The objective of the project was to improve availability, utilization, and quality of primary healthcare services and elementary education services in selected districts of Khyber Pakhtunkhwa (KP).

However, progress towards achievement of PDO as well as overall implementation progress is moderately unsatisfactory, official documents of the bank revealed.

The project has three components, component 1- improving delivery of quality primary health care services (cost $77.20 million), component 2–improving availability and quality of education services (cost $109 million), component 3 –strengthening community engagement and accountability (cost $13.80 million). The World Bank’s Board of Executive Directors approved the project in June 2020, while the closing date is 30 June 2025.

Documents further stated that from May 22 – June 2, 2023 an implementation support mission was fielded. Based on the findings of the mission, project ratings were adjusted downwards. A clear set of time-bound actions were agreed upon to bring the project back on track to meet its development objectives.

Immediate and critical next steps include approval of revisions to the Education PC-1 by the Central Development Working Party (CDWP) and subsequent, approval of both Health and Education PC-1s by Executive Committee of the National Economic Council (ECNEC).

This will be followed by completion of the project restructuring as requested by the government. The mission recommended a third party monitoring firm to support project implementation.

Source: Pro Pakistani

SECP Warns Public Against Illegal Investment Scheme by Meilleuretech Services

The Securities and Exchange Commission of Pakistan (SECP) has issued a warning advising the general public against investing in fraudulent investment schemes of Meilleuretech Services, a sole proprietorship concern.In a statement, the SECP said it has…

The Securities and Exchange Commission of Pakistan (SECP) has issued a warning advising the general public against investing in fraudulent investment schemes of Meilleuretech Services, a sole proprietorship concern.

In a statement, the SECP said it has noticed that the entity, owned by Zeeshan Munir, is prima facie accepting deposits from the public illegally by offering various illegal “advertisement watching packages” and promising unrealistic daily and weekly returns. It is clarified that the said entity does not hold any license to collect deposits from the public.

SECP has also received multiple complaints that the individuals, after depositing funds with Meilleuretech Services, did not receive any packages but were asked to arrange for more individuals to buy packages or deposit further funds to get their earnings.

The SECP has initiated legal proceedings against Munir and his entities, which include deregistering/ winding up Meilleuretech Services (SMC-Private) Limited, disqualifying Munir from becoming chief executive and director of any company, and imposing penalties. The SECP is also referring the matter to relevant investigation authorities. The name of Meilleuretech Services (SMC-Private) Limited has been added to the “List of Companies engaged in Unauthorized Activities” available on SECP’s website.

The statement warned the public not to deposit or invest funds with Meilleuretech Services, Meilleuretech Services (SMC Private) Limited, and Zeeshan Munir in any form or arrangement, as they are not allowed to accept deposits/ investments from anyone.

Source: Pro Pakistani