ISLAMABAD: The China-Pakistan Financial Hall (CPEC) will assist revive the tourism sector of Pakistan, which has confronted a severe setback attributable to current floods, Managing Director of Pakistan Tourism Division Company (PTDC) Aftab ur-Rehman Rana mentioned.
CPEC has unfold an enormous community of roads from the south, east and north of Pakistan, making the vacationer resorts in north Pakistan accessible to vacationers, and it’ll play a significant function within the revival of the tourism sector when the state of affairs turns into regular after floods, Rana advised Xinhua.
Speaking concerning the potential of the tourism trade after the normalcy within the nation, following the floods, he mentioned that it’s going to not solely create financial exercise within the native areas however will even have a constructive affect on the nationwide financial system.
At present, 300,000 folks within the nation are related to the tourism trade, and with an uptick within the variety of vacationers within the nation attributable to higher roads and connectivity, the quantity is prone to enhance to 500,000 within the coming years, he added.
Speaking concerning the devastating floods which killed over 1,600 folks and affected over 33 million others, the official mentioned that the flashflood had hit the tourism trade onerous as tens of inns and eating places in vacationer resorts of northwest Khyber Pakhtunkhwa province have been swept away by flood waters, and lots of others have been severely broken.
“Flood occurred over the last days of the height season of tourism within the northern areas of Pakistan when normally a whole bunch of vacationers throng to the northern areas. This yr, dozens of vacationers have been trapped attributable to floods, and the tourism actions have been abruptly suspended,” he added.
Rana mentioned that groups have been fashioned to evaluate the losses incurred to the tourism trade attributable to floods, and in keeping with tough estimates it should take not less than two to 3 years to rebuild infrastructure for vacationers within the northern areas.
Pakistan generates good income from overseas vacationers visiting the nation for journey tourism. Nonetheless, this yr’s floods additionally discouraged overseas vacationers, he mentioned.
The PTDC official advised Xinhua that international warming can be feared to pose an ideal risk to his nation’s journey tourism trade because the glaciers are melting at a fast tempo, and total temperatures within the nation are rising.
He mentioned that the division is attempting to create consciousness towards local weather change results and facilitate non-public tour operators to spice up tourism and promote the nation’s picture within the worldwide area.
FBR widens probe into COAS Bajwa household’s tax report leak
LAHORE: The Federal Board Income (FBR) on Saturday included three extra earnings tax officers within the investigation of leaked tax report particulars of Chief of Military Workers (COAS) Gen Qamar Javed Bajwa and his household.
Sources stated that FBR will perform an investigation from the chief commissioner, commissioner and extra commissioner in reference to the leaked tax report particulars of Gen Bajwa and his household.
These three officers can even be faraway from their posts as they’re equally chargeable for the leakage of those tax particulars, sources added.
The leaked tax particulars have been downloaded from the deputy commissioner Lahore’s login after which footage have been captured from the deputy commissioner’s laptop, sources stated.
Moreover, two deputy commissioners of the land income division and 15 FBR officers have been investigated within the leaked in reference to the leaked tax report.
The forensic report reveals that the complete plan was hatched from the laptop computer and cell phones of those officers, sources added. Two deputy commissioners Atif and Zahoor Ahmed are additionally arrested by the FBR investigation workforce.
Committee constituted to arrange street map for interest-free banking system: Dar
ISLAMABAD: Finance Minister Ishaq Dar has stated the federal government has determined to implement interest-free banking system within the nation.
Speaking to a non-public information channel, he stated all appeals towards the Federal Shariat Court docket’s verdict for interest-free banking system have been withdrawn in accordance with the choice.
The Finance Minister stated a excessive energy committee has been shaped, together with all stakeholders that will type a street map to attain the specified intention of an interest-free banking system.
Referring to PTI Chief Imran Khan’s remarks concerning the nation’s financial system, he stated political leaderships shouldn’t compromise nationwide curiosity for the sake of politics.
He stated spreading lies by social media have been the doctrine of the need for Imran Khan’s politics to outlive, urging him to keep away from giving frivolous statements on the financial system.
NAB summons Malik Riaz, threatening to unravel £190mn thriller
ISLAMABAD: In what may show to set off the unravelling of some of the clouded and murky webs from the Imran Khan administration, actual property tycoon Malik Riaz Hussain has been served with a call-up from the Nationwide Accountability Bureau (NAB).
He has been requested to look earlier than a mixed investigation staff of the accountability watchdog at 11 00 AM on the first of December at NAB’s workplaces within the federal capital. The case on account of which he has been summoned goes all the way in which again to 2019, and entails accusations of bribery, corruption, and kickbacks in opposition to the federal government of former prime minister Imran Khan.
What’s the case about?
In 2019, the Nationwide Crime Company (NCA) of the UK agreed to a settlement value £190 million with the household of property tycoon Malik Riaz. The settlement was the most important ever within the historical past of the NCA, and because it was out of court docket, got here with the stipulation that it didn’t “signify a discovering of guilt”.
To grasp this, the NCA is a nationwide regulation enforcement company within the UK that investigates cash laundering and illicit funds derived from legal exercise within the UK and overseas. If the NCA is investigating a case outdoors of the UK, it returns the stolen cash to the affected state. So if the company is investigating fraud or cash laundering in Pakistan, it’ll prosecute or make a settlement within the UK and return the cash to the Pakistani authorities.
That’s what occurred within the case of Malik Riaz. His household had been underneath a ‘soiled cash’ NCA investigation for some time, which reached its conclusion with the £190 million. Nevertheless, the matter will get murky with the doorway of Particular Assistant to the Prime Minister on Accountability Shahzad Akbar, who apparently on the behest of Malik satisfied the NCA to settle the matter and return the cash to Pakistan.
On Dec 5, 2019, Mr Akbar introduced at a press convention in Islamabad that £140m had been repatriated to Pakistan, into the Supreme Courtroom’s account. When requested how the cash may very well be transferred to the SC account, he deflected the query saying that the federal government, NCA and Mr Riaz had signed a “deed of confidentiality” which prevented him from elaborating on the matter.
So what occurred to the cash?
We don’t fairly know, and that is the place the net will get actually intricate. Basically, the accusation is that the £140m that was repatriated to Pakistan after Shahzad Akbar’s intervention with the NCA on behalf of Malik Riaz went straight again into the checking account of the property tycoon.
After coming to energy, the incumbent PDM authorities accused former prime minister Imran Khan and his spouse Bushra Bibi of accepting billions in money and lots of of kanals of land from Bahria City in return for the assistance that Khan’s authorities gave to Riaz throughout his investigation by the NCA. Inside minister Rana Sanaullah claimed that Bahria City entered an settlement and gave a 458-kanal land with an on-paper worth of Rs 530 million to a belief owned by Imran Khan and Bushra Bibi. The land was donated to Al-Qadir Belief, and the settlement bore signatures of the actual property’s donors and Bushra Bibi.
Sanaullah claimed that Imran’s aide Shehzad Akbar had “settled” your complete case, whereas the Rs 50 billion-which belonged to the nationwide treasury-was adjusted in opposition to Bahria City’s legal responsibility. He stated Imran had acquired a graft of Rs 5 billion as “his share” by Akbar earlier than the case was wrapped. He additional stated that Bahria City, after its Rs 50 billion was protected by the then PTI authorities, had allotted 458 Kanal land with an on-paper worth of Rs 530 million to a belief owned by Imran and his spouse. He additional stated that one other 240 Kanals have been transferred to “Farah Shehzadi” generally often known as Farah-a shut good friend of Bushra Bibi.
It’s these 458-kanals which have now come underneath the scrutiny of the accountability bureau. Within the call-up discover served to Malik Riaz dated the twenty fourth of November, he has been requested to look with documentary proof to report his assertion concerning buy of 458 Kanals 04 Marlas 58 sq. ft located in Hadbast No. 77 at Mauza Barkala, Tehsil Sohawa, District Jhelum.
The apex anti-graft physique required Malik Riaz Hussain to current a whole report concerning Equally, he has been requested to provide the deed by which M/s Bahria City donated the above stated land to Al-Qadir Belief alongwith income paperwork. Likewise, particulars of different property/donation (if any) transferred by him, any of his members of the family of M/s Bahria City in favour of Al-Qadir Belief or any of its trustees, whether or not by sale/buy, present, donation or another mode. Furthermore, another related data/report.
“You might be suggested that failing to adjust to this discover, might entail penal penalties as offered in Part 2 of the schedule of NAO, 1999,” reads the discover. The discover was issued by Muhammad Faisal Qureshi, Extra Director (Employees), NAB Rawalpindi.
NAB had earlier despatched notices to the previous premier Imran Khan’s 21 cupboard members together with Ghulam Sarwar Khan, Murad Saeed, Pervaiz Khattak, Shafqat Mehmood, Shireen Mazari, Ali Haider Zaidi and Hammad Azhar, Dr Shireen Mazari, Shafqat Mahmood, Asad Umar for recording of their statements. NAB additionally summoned Ali Riaz Malik, the son of Malik Riaz who’s the founding father of Bahria City.
NAB additionally summoned Murad Saeed and Ghulam Sarwar Khan on October 11, Pervaiz Khattak and Ali Riaz Malik on October 12, Zubaida Jalal and Hammad Azhar on October 13, Shafqat Mehmood and Shireen Mazari on October 14, Khalid Maqbool Siddiqui and Ejaz Shah on October 17, Ali Amin Gandapur and Farogh Naseem on October 18, Ali Zaidi and Khusro Bakhtiar on October 19, Azam Khan Swati and Asad Umar on October 20, Umar Ayub and Muhammad Mian Somro on October 21, Sheikh Rasheed Ahmed and Fawad Chaudhry on October 24 and Mehboob Sultan and Faisal Vawda October 25 for investigation and recording of statements.
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