PM pledges support for private sector to revive economy

Prime Minister Muhammad Shehbaz Sharif has directed authorities concerned to hold consultation with globally reputed consultancy firms to realize investment agreements with the friendly countries.

Talking to a delegation of an International Consulta…


Prime Minister Muhammad Shehbaz Sharif has directed authorities concerned to hold consultation with globally reputed consultancy firms to realize investment agreements with the friendly countries.

Talking to a delegation of an International Consultancy Firm in Islamabad today, he also directed for consultation with the reputed firms for reduction in the volume of government’s infrastructure and to enhance effectiveness of the governance system.

He told the delegation that there exists a huge potential for investment in minerals and energy sectors.

Appreciating the key role of the private sector in national economic development, the Prime Minister assured all-out facilitation by the government for economic revival.

The delegation gave suggestions for further expansion of foreign investment in Pakistan.

Source: Radio Pakistan

Senate continues discussion on Finance Bill 2024-25

The Senate today continued discussion on the Finance Bill 2024-25.

Participating in the debate, Nasir Abbas said problems being faced by the industries including textile industry should be addressed. He said increase in Petroleum Development Levy wi…


The Senate today continued discussion on the Finance Bill 2024-25.

Participating in the debate, Nasir Abbas said problems being faced by the industries including textile industry should be addressed. He said increase in Petroleum Development Levy will only further increase the inflation rate.

Maulana Atta-ur-Rehman said people are looking towards the political leadership to take the country in the right direction.

Sarmad Ali said the government should withdraw ten percent General Sales Tax on import of newsprint, saying this is important for the survival of newspapers.

In her remarks, Saadia Abbasi said the government policies should be pro-people, pro-business, pro-agriculture and pro-youth. She said steps should be taken to cut government expenditures.

Zarqa Suharwardy Taimur said Pakistan is the victim of climate change. She said we should forcefully present our case at the world level to secure finances from the world institutions to cope with the disastrous impacts of climate change.

Nasir Mahmoud
commended the increase in the salaries of employees saying it will improve their purchasing power.

Mohsin Aziz said the affluent class should be taxed instead of the low income groups.

Rubina Qaim Khani said the budget carries no measures for empowerment of women and minorities.

Fawzia Arshad said allocations made in the budget for health and education are inadequate.

The House has now been adjourned to meet again on Thursday next at five pm.

Source: Radio Pakistan

Pakistan, US investing in people-centric diplomacy: Masood

Pakistan’s Ambassador to the United States Masood Khan says Pakistan and the United States are investing in people centered diplomacy so that there are more exchanges of students, academics and entrepreneurs and tech entrepreneurs in particular.

He …


Pakistan’s Ambassador to the United States Masood Khan says Pakistan and the United States are investing in people centered diplomacy so that there are more exchanges of students, academics and entrepreneurs and tech entrepreneurs in particular.

He was addressing a gathering of scholars, policy-makers, legislators, entrepreneurs, business leaders and professionals at World Affairs Council of Philadelphia, Washington.

He said Pakistan is a big market with 240 million consumers for American manufacturers having a big cohort of growing human capital. He said Pakistan is pivotal to the ecosystem that comprises the Central Asian states, Afghanistan, Iran, Turkey, Gulf states, Middle East, and North Africa. He urged US businesses to increase their investment portfolios, particularly in tech startups, renewable energy, agriculture and extractive industries.

Masood Khan, on the occasion, gave a detailed perspective on Pak-US relations, war on terror, re-calibration of Pak-US relationship post withdrawal period, P
akistan-India relations and the issues of regional stability.

Tracing roots of Pak-US relations, especially US support during initial days of Pakistan and robust partnership of the two countries both in times of war and peace, the Ambassador presented a holistic view of relationship spanning over seven decades.

About war-on-terror, the Ambassador said both collaborated and together we broke the backbone of terrorist organizations. He said that in late 2021 and early 2022, the leadership of Pakistan and United States decided to recalibrate their relationship and decided that while we will continue our cooperation in counter terrorism, promote regional stability, maintain a dialogue, we would like to secure the region from any nuclear instability and so on.

He, regarding Pak-US economic partnership, said we would try to invest our time and energy in strengthening economic partnership between Pakistan and the United States. He said we have been succeeding in the areas of trade and investment, renewable energy
, green technologies, combating climate change, health care, education and others.

On cooperation in science and technology, he said renewal of agreement between the two countries.

Referring to some most recent initiatives, especially the Green Alliance, the Ambassador also paid compliments to the efforts of US Ambassador in Pakistan for his proactive approach in promoting cooperation and fostering greater understanding between the two countries.

Talking about Pakistan’s relations with China, the Ambassador reiterated that Pakistan’s relations with China are not at the expense of its ties with the United States. Referring to the historic role played by Pakistan in bringing China and US closer to each other in early 70s, he said that Pakistan was willing to play the role of economic bridge between the two countries in the present age.

On Pak-India relations, Masood Khan said the gathering that there hasn’t been any structured dialogue between the two countries since 2014. Underscoring the need to have a re
sult-oriented structured dialogue, he said we should create that kind of atmosphere for talking to each other.

Pointing out strategic imbalance in South Asia and US tilt towards India, Masood Khan urged US government to follow a balanced approach saying that US heavy tilt towards India is accentuating strategic imbalance which is fraught with serious risks.

The Ambassador also emphasized on full restoration of Foreign Military Financing and Foreign Military Sales and assistance to fight continued threats from terrorists.

On situation in Middle East, the Ambassador opined that the United States should demonstrate its leadership and assert itself.

The Ambassador invited the gathering to visit Pakistan and experience for themselves the breathtaking beauty of the country and traditional hospitality of Pakistani nation. He said Pakistan has 7500 glaciers which are second in number only to the polar region. He also highlighted that 70% of soccer balls used across the globe are produced in Sialkot, Pakistan.

S
ource: Radio Pakistan

Tarar announces to restore health insurance scheme for journalists

Minister for Information and Broadcasting Attaullah Tarar has announced to restore health insurance scheme for journalists.

Addressing a news conference in Islamabad today, he said five thousand journalists will be given health insurance cover in th…


Minister for Information and Broadcasting Attaullah Tarar has announced to restore health insurance scheme for journalists.

Addressing a news conference in Islamabad today, he said five thousand journalists will be given health insurance cover in the first phase, while 10,000 more media workers will be facilitated in the second phase. He said a hefty amount of one billion rupees has been allocated for this purpose.

The Minister further said that journalists will also be compensated under this package on unnatural death.

Attaullah Tarar said the government will continue playing its due role in making lives of the media workers easy.

Highlighting the importance of countering and checking fake news, he said government fully believes in the freedom of expression, but there should be a forum or mechanism to address concerns of an individual.

He emphasized that all stakeholders, including journalists, should sit-together to jointly formulate a policy to counter fake news.

Source: Radio Pakistan

Azad Kashmir Radio Mirpur shifts back to its original building

Azad Kashmir Radio Mirpur shifts back to its original building, devasted during earthquake.

After the necessary repair and renovation work, the building of Azad Kashmir Radio Mirpur has now been fully restored.

The building had become dangerous due…


Azad Kashmir Radio Mirpur shifts back to its original building, devasted during earthquake.

After the necessary repair and renovation work, the building of Azad Kashmir Radio Mirpur has now been fully restored.

The building had become dangerous due to cracks in the walls after the earthquake and the administration had to make temporary arrangements to ensure uninterrupted transmission from the station.

The temporary studios, set up in the container, have now been shifted to the original building, and they became functional today.

Listeners and members of the civil society of Azad Kashmir have extended their special gratitude to Prime Minister Muhammad Shehbaz Sharif, Minister for Information and Broadcasting Attaullah Tarar, Secretary Information Shahera Shahid, and Director General Radio Pakistan Saeed Ahmed Shaikh for making the Azad Kashmir Radio Mirpur’s original building operational.

Source: Radio Pakistan

World Blood Donor Day observed

World Blood Donor Day was observed on Friday to raise awareness about the need of safe blood and blood products to save lives.

This year, the World Blood Donor Day theme is 20 years of celebrating giving: thank you, blood donors!.

The day is observ…


World Blood Donor Day was observed on Friday to raise awareness about the need of safe blood and blood products to save lives.

This year, the World Blood Donor Day theme is 20 years of celebrating giving: thank you, blood donors!.

The day is observed to raise awareness about the importance of blood donation and to urge more people to donate blood.

The day also urges people to donate blood to help the constant supply of healthy blood for the healthcare industry.

Source: Radio Pakistan

Balochistan CM vows to improve living standard of people

Balochistan Chief Minister Mir Sarfraz Bugti has expressed his determination to utilize all available resources to improve living standard of people in the province.

He said this while chairing a meeting regarding budget preparation in Quetta today….


Balochistan Chief Minister Mir Sarfraz Bugti has expressed his determination to utilize all available resources to improve living standard of people in the province.

He said this while chairing a meeting regarding budget preparation in Quetta today.

Mir Sarfraz Bugti said all out efforts will be made to improve governance system in the province.

Source: Radio Pakistan

Loan agreement for Mohmand Dam Hydropower project signed

A Subsidiary Loan Agreement worth 25 million for the Mohmand Dam Hydropower Project was signed in Islamabad today.

It was signed between the Ministry of Economic Affairs and the Water and Power Development Authority.

This significant financing come…


A Subsidiary Loan Agreement worth 25 million for the Mohmand Dam Hydropower Project was signed in Islamabad today.

It was signed between the Ministry of Economic Affairs and the Water and Power Development Authority.

This significant financing comes as a result of the Kuwait Fund’s commitment to extend a total of 100 million dollars to support the Mohmand Dam Hydropower Project. The total financing will be disbursed through four equal loans, each amounting to 25 million dollars. The first loan agreement was signed between the Government of Pakistan and the Kuwait Fund this month.

The Mohmand Dam is a comprehensive infrastructure project designed to address multiple needs. It aims to generate approximately 2,862 GWH of electricity annually with an installed capacity of 800 MW, significantly reducing the existing energy supply gap.

Additionally, the dam will create an active storage reservoir with a capacity of about 1,594 million cubic meters, ensuring a reliable and sustained supply of irrigation water.

T
he 213-meter high structure will also play a critical role in flood control, mitigating the risk of flood damage and providing essential flood protection.

Furthermore, the project will supply 13.32 cubic meters per second of drinking water to Peshawar.

Source: Radio Pakistan

Romina for measures against heatwave, monsoon floods

Prime Minister’s Coordinator on Climate Change Romina Khurshid Alam has called for taking measures to protect lives, properties and livelihoods of the people from ongoing heatwave and possible monsoon floods.

Chairing a meeting on Global Warming and…


Prime Minister’s Coordinator on Climate Change Romina Khurshid Alam has called for taking measures to protect lives, properties and livelihoods of the people from ongoing heatwave and possible monsoon floods.

Chairing a meeting on Global Warming and Heatwaves in Islamabad today, she emphasized that sufficient stocks of disaster relief items should be maintained.

Romina Khurshid Alam said adverse socio-economic impacts of the disasters are unlikely to be overcome as long as the well-coordinated disaster risk mitigation or prevention measures are not taken jointly by all federal and provincial departments.

Source: Radio Pakistan