National

Miftah guidelines out quick hike in gas costs

Published

2 years ago

April 26, 2022

Ismail stated the general public shouldn’t fear about any impending value hike within the subsequent three to 4 days. “If there’s a surge in gas costs, will probably be executed after consideration of a number of elements together with the abstract submitted by the Ogra.”

Miftah’s assertion comes a day after he, throughout his Washington go to, advised US assume tank Atlantic Council that the federal government must enhance the value of petroleum merchandise to get Pakistan’s economic system again on monitor and to revive the stalled bailout programme with the IMF.

The IMF, in 2019, accepted a $6 billion mortgage over three years for Pakistan however disbursement has been slowed by issues concerning the tempo of reforms.

Within the interview right now, Miftah stated Prime Minister Shehbaz Sharif would additionally query him about measures being taken to insulate the poor when he finally does received to him recommending a petroleum value hike. “Thus, I additionally should make that plan, which I haven’t but.”

“We must overview subsidies given to the wealthy section so as to ease inflationary stress on the poor,” the minister added.

When requested whether or not the laws on SBP autonomy might be reversed because the PML-N had strongly opposed it whereas in opposition, Ismail stated he nonetheless believed there was nonetheless a lot to be reviewed on the matter.

The SBP Modification Invoice, 2021, was accepted by the Senate on Jan 28 this 12 months amid robust protest from the opposition events, primarily the PPP and the PML-N.

The invoice guarantees full autonomy to the central financial institution and locations an entire restriction on the federal government’s borrowing from the central financial institution. Nonetheless, the federal government now can borrow at a market price from industrial banks, which is able to profit personal banks owned by enterprise elites, in keeping with the opposition.

The passage of the invoice was one of many situations set by the IMF for the discharge of $1 billion to the nation.

In response to a different query, the minister stated the federal government had no plans to amend any regulation a minimum of for a 12 months.

Miftah vowed the federal government would take measures for the facilitation of the poor in days to return.

National

Breakthrough in lacking individuals case as police efficiently find three particular person

Published

40 mins ago

November 30, 2023

Pakistaneo.com

KARACHI: The native police on Wednesday efficiently traced three people together with a girl throughout a listening to of a petition in Sindh Excessive Courtroom (SHC) for restoration of lacking individuals.

In keeping with the report, the police confirmed the hint of three people – named Muhammad Iqbal, Saima Bibi, and Shahnawaz – all three have been wished by police in a number of instances.

The report acknowledged that Muhammad Iqbal is underneath the custody of Zaman City police in a case, whereas the opposite two are fugitives as a case has been registered in opposition to them at Mehmoodabad police station.

The court docket dismissed the case associated to the restoration of the three lacking individuals.

Earlier this week, the police declared the arrest of a lacking individual throughout the Sindh Excessive Courtroom (SHC) listening to of petitions for the restoration of 10 disappeared males.

The police confirmed the arrest of a lacking citizen Saddam in its progress within the case. The court docket dismissed the petition about restoration of Saddam.

Justice Naimatullah Phulpoto directed motion in opposition to the folks concerned in enforced disappearances. “It’s the accountability of the state to go looking a lacking citizen,” Justice Phulpoto stated.

“It was stated {that a} lacking man Usman has been in Landhi Jail, a letter was written to the jail authorities, however they replied that the person was not in jail,” the investigation officer knowledgeable the court docket.

“Document the jail superintendent’s assertion, and if required take motion in opposition to the jail official,” the court docket directed the IO.

National

Pakistan implements ban on wheat imports from India and Israel

Published

2 hours ago

November 30, 2023

Pakistaneo.com

ISLAMABAD: Pakistan has imposed a ban on the import of Indian and Israeli wheat, whereas the commodity can even not be imported from Cuba, Iran, Syria, North Korea, and the Ukrainian territories managed by Russia.

Pakistan has imposed a situation on international buying and selling firms to not provide wheat from India and Israel. Wheat provide has additionally been banned from nations going through worldwide sanctions, together with Cuba, Iran, North Korea and Syria.

In response to a doc, wheat can even not be bought from the Ukrainian areas beneath the management of Russia in addition to Crimea.

In the meantime, the moisture content material of wheat in a young for the acquisition of 110,000 metric tons of the commodity has been set at 14.5%, whereas the presence of different objects, together with soil, is not going to exceed 1%.

Wheat is scheduled to begin arriving in Gwadar or on the Karachi port on two ships by February 12.

The Buying and selling Company of Pakistan (TCP) not too long ago issued a world tender to acquire and import 110,000 metric tons of wheat, in response to European merchants.

The deadline for submitting value presents on this tender is December 27. As a situation, the wheat must be from the most recent crop.

Cargo is requested for 2024, in consignments of not less than 50,000 tons throughout two intervals between January 10-15 and January 17-22. The wheat should arrive in Pakistan by February 12, 2024.

The TCP has the choice to purchase 10% kind of than the tender quantity. Merchants recommend that Pakistan, going through monetary difficulties, has a major import requirement to handle rising flour costs.

National

Indonesian embassy hosts exhibition to strengthen Pak-Indonesia ties

Published

3 hours ago

November 30, 2023

Pakistaneo.com

ISLAMABAD: The embassy of Indonesia in Pakistan on Wednesday inaugurated a week-long exhibition to reinforce consciousness among the many folks of Pakistan in regards to the multi-dimensional relationship between Indonesia and Pakistan.

Organized by the embassy in collaboration with the Nationwide Library of Pakistan, Nationwide Archives of Indonesia, and Nationwide Archives of Pakistan, the exhibition was organized within the premises of the Nationwide Library of Pakistan, a information launch mentioned.

The exhibition showcases a compelling assortment of images, movies, and letters, offering a portrayal of the interactions between the founding fathers of Indonesia and Pakistan, Soekarno, and Quaid-e-Azam Muhammad Ali Jinnah. It provides a novel glimpse into President Soekarno’s visits to Pakistan and his conferences with Pakistani dignitaries, underlining the shared historical past that binds the 2 nations.

Talking on the event as chief visitor, Head of the Nationwide Archives of Indonesia Imam Gunarto appreciated the folks of Pakistan for his or her love and respect for the leaders of Indonesia, particularly President Sukarno. He mentioned such occasions would strengthen the cultural relations between the 2 international locations, particularly within the fields of archives and historical past.

Indonesian Cost d’ Affaires Yusran Hadromi, in his remarks, prolonged his gratitude to the Nationwide Library of Pakistan and Nationwide Archives of Pakistan for his or her helpful contribution and help in organizing the exhibition. He mentioned, “As two of the world’s largest Muslim international locations, our two international locations share quite a lot of historic and cultural commonalities that present many alternatives to develop collectively. Due to this fact, President Soekarno is extremely revered by the folks and Authorities of Pakistan in recognition of his honest efforts to convey the 2 international locations nearer to one another.”

Senator Mushahid Hussain, on the event, appreciated the initiative of organizing the exhibition and highlighted the vital position of President Soekarno as a statesman. He mentioned, “Soekarno’s revolutionary spirit echoes within the shared values of democracy, independence, and cultural variety that proceed to unite Indonesia and Pakistan. This exhibition is a well timed reminder of the robust basis laid by our visionary leaders, paving the way in which for a way forward for collaboration and mutual prosperity.”

Earlier, in his welcoming remarks, Director Common of the Nationwide Library of Pakistan Asif Iqbal Khan mentioned, “This exhibition serves as a bridge between our two nations, connecting us by the wealthy tapestry of historical past that binds Indonesia and Pakistan collectively.”

Highlighting the significance of the exhibition, Director of the Nationwide Archives of Pakistan Dr Mazhar Saeed mentioned, “The showcased archives underscore the significance of preserving our shared heritage, guaranteeing that the legacy of leaders like Dr Soekarno and Quaid-e-Azam Muhammad Ali Jinnah continues to encourage generations.”

The occasion additionally featured fascinating performances by Indonesian college students on the stage, showcasing sensible angklung (music) and dance performances, together with Pasambahan, Randai, and Indang dances – a vibrant illustration of West Sumatra province.