Committee reviews “Hydro-Met and Climate Services Project worth $188-million”

ISLAMABAD: The Meeting of National Coordination Committee on Foreign Funded Projects (NCC-FFP) was held here at the Ministry of Economic Affairs on Monday to review the Foreign Funded World Bank Project – “Hydro-Met and Climate Services Project worth $188-million”.

The Meeting was chaired by the Federal Secretary for Economic Affairs, Mian Asad Hayauddin and was attended by the Special Assistant to the Prime Minister on Economic Affairs, Federal Secretary Climate Change, World Bank team and other senior officials.

The Federal Secretary for Economic Affairs briefed the participants about the purpose of Hydro-Met and Disaster Risk Management Services Project for Pakistan that is to strengthen Pakistan’s Public Sector delivery of reliable and timely Hydro-Meteorological and Disaster Risk Management Services and enhance community resilience to shocks.

He emphasized the need to address the issues of problematic projects on urgent basis, especially those facing chronic delays so as to pace up disbursements and progress. Special Assistant to Prime Minister for Economic Affairs emphasized the need of quick delivery and resolution of issues that are becoming obstacle to the completion of the project.

For which, he directed tasks to expedite the process of approvals, signings, implementation and monitoring to the involved stakeholders of the project. During the session, the decisions were recorded and deadline was given to the executing agencies to be followed rigorously. The follow-up meeting is decided to be held on August 15 to discuss further progress and monitor compliance of the decisions.

KP govt decides to launch Sehat Card program for erstwhile FATA region

PESHAWAR: The government of Khyber Pakhtunkhwa has decided to launch Sehat Card program for the people of merged districts of erstwhile Federally Administered Tribal Areas (FATA).

The decision was taken during a meeting of Khyber Pakhtunkhwa cabinet chaired by Chief Minister Khyber Pakhtunkhwa Mahmood Khan in Peshawar on Monday. Later, briefing the media about cabinet decisions, Minister for Finance Taimur Saleem Jhagra said the provincial government will spend its own resources for launching Health Card for tribal people.

He regretted the withdrawal of Sehat Sahulat Card facility of tribal people by the federal government. Referring to the MoU with IMF, he stressed the need for agreement with IMF on corrective grounds and asked the political figures to refrain from politicizing the agreement. Speaking on the occasion, Minister for Social Welfare Anwar Zeb Khan thanked the Chief Minister for launching the Sehat Card program for tribal people.

Imran moves SC against law disallowing overseas Pakistanis from i-voting

ISLAMABAD: Pakistan Tehreek-i-Insaf (PTI) chairman and former Prime Minister Imran Khan on Monday filed a petition in the Supreme Court challenging the amendments to the Elections Act, 2017.

According to the petition amendments to the Elections Act, 2017 disallow the overseas Pakistanis from voting electronically, thus they are discriminatory and violative of fundamental rights and merits.

Federation of Pakistan through the Ministry of Parliamentary Affairs, the Ministry of Law and Justice, the Ministry of Overseas Pakistanis and Human Resource Development, the Ministry of Foreign Affairs, the Election Commission of Pakistan (ECP) and the National Database and Registration Authority (NADRA) have been made as respondents in the petition.

The petition states that the amendment made to Section 94(1) violated the fundamental right to vote of 10 million overseas Pakistanis, who send home remittances of approximately $30 billion annually, constituting approximately 10 per cent of Pakistan’s gross domestic product”.

The petition further states that under Article 5(2) of the Constitution, overseas Pakistanis were subject to the laws of Pakistan and even to its tax laws under “certain circumstances”.

Cabinet decides to establish indigenous fuel power plants

ISLAMABAD: The federal cabinet at its meeting chaired by Prime Minister Shehbaz Sharif here in Islamabad on Monday decided to install only indigenous fuel power plants in future to meet the growing electricity requirements of the country.

The meeting was given a detailed briefing on the current load shedding in the country. Later, briefing the media persons, Minister for Information and Broadcasting Marriyum Aurangzeb said the existing electricity generation capacity is 23900 megawatts whilst the demand reached the historic level of thirty thousand megawatts last month.

She regretted the ongoing power projects were delayed by the PTI government. Minister for Power Khurram Dastagir said that Karot hydropower project of 720 megawatts under the CPEC has now been made operational.

He said the cabinet was informed that the projects of 4623 megawatts initiated by the PML-N back in 2013-18 will become operational by next year. He said a total of seven thousand megawatts of electricity will come to the system including from these projects as well as solar power and private net metering by next year which will help address the issue of load shedding.

Referring to the increased inflow of water into Tarbela, he was confident that the electricity production from this source will reach to the maximum of 3500 megawatts in the next few days whilst generation of 1100 megawatts from K-2 nuclear plant will also start in the same period which will help reduce load shedding to a great extent and help provide relief to the people during Eid ul Azha.

The Minister for Power said the government is also considering a comprehensive policy on solar energy. He said the focus will be on large scale plants as well as supporting the small consumers to install small plants. He said government buildings will also be converted to solar.

Adviser on Kashmir and Gilgit Baltistan Qamar Zaman Kaira said the Prime Minister has directed to minimize the power outages to three hours. He said the PTI government delayed projects of about four thousand megawatts which had to be completed by 2020 or 2021. He said the country would not have been faced with the current situation, if these projects were timely completed.

Minister for Board of Investment Chaudhry Salik Hussain said the present government is serious to address the problems faced by the people including that of the power outages. To a question, Khurram Dastagir said that as per directions of the Prime Minister government is putting its efforts to improve the management of DISCOs.

He said for this purpose use of modern technology is indispensable. He said a plan will be framed for installing smart meters for automatic bill generation from January next year. The Minister said under the vision Prime Minister to support the poor segment of the society, the government has decided not to apply any increase in prices of electricity to the consumers who use less than one hundred units. He said a reform package will be announced soon to replace free electricity of WAPDA employees to incentivize salary.

Russia oil cut to push oil price to $380: Mian Zahid Hussain

Karachi, July 04, 2022 (PPI-OT):Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said the whole world has been pushed into an economic crisis by the developed countries in an attempt to punish Russia.

The majority of the countries are in the race for energy security and food security, while other important issues have been left behind, he said. Mian Zahid Hussain said that millions of people are falling below the poverty line and the number of insecure people is steadily rising.

Talking to the business community, the veteran business leader said that rising inflation has eroded the purchasing power of the people, hitting the demand for all commodities except food all over the world, which is wreaking havoc on the productive sector. Mian Zahid Hussain said that dozens of countries were using the funds allocated for the welfare budget for the purchase of weapons, which was giving rise to human tragedy.

Many countries, including the United States, are on the brink of recession, with no prospect of an end to the war, nor have sanctions against Russia proved productive. A recent report by JPMorgan says a new plan is being hatched to punish Russia, but if Russia, whose economic situation is much better at the moment, cuts its oil production by half a million barrels the price of oil will jump to $380 spelling a disaster.

According to the report, if Russia reduces the supply of oil by three million barrels, its price in the international market will be one hundred and ninety dollars. He said that any such move by Russia will destroy the world’s economy and starve millions of people. In these circumstances, Western countries should reconsider their policies and lift sanctions on Iran, and Saudi Arabia and other countries should be persuaded to increase oil production.

Pakistan has bought $20 billion worth of oil and gas last year which could go up to $30 billion this year worth Rs 6,000 billion in Pakistani currency. The government should provide interest-free loans to the people, shopkeepers and industrialists for solar energy, wind power plants should be set up, corporate farming should be introduced in agriculture and self-sufficiency in agricultural commodities should be achieved. Sick units should be privatized as ignoring these reforms would be economic suicide.

For more information, contact:
President,
Pakistan Businessmen and Intellectuals Forum (PBIF)
Tel: +92-343-2226888
Tel: +92-300-8233364
Email: ceo@kenlubes.net

ICCI hails Government for suspending market closure policy for Eid Shopping

Islamabad, July 04, 2022 (PPI-OT):Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce and Industry (ICCI) has hailed the announcement of federal government to suspend the market closure policy keeping in view the upcoming Eid ul Azha and termed it a very positive and business-friendly decision that would facilitate the people to do Eid shopping with ease and help the traders to boost the business activities. He said this while addressing a meeting of the business community at ICCI. Muhammad Naveed Malik, Ashfaq Chatha, Faad Farid, Asher Hafeez, Zia Khalid Chaudhry, Mashar Chaudhry, Nasira Ali Naina and others were present at the occasion.

Muhammad Shakeel Munir thanked the Prime Minister Mian Shehbaz Sharif and Interior Minister Rana Sanaullah for giving a kind consideration to the demands of the traders for lifting timing restrictions for Eid ul Azha and suspending market closure policy in the Capital Territory until July 10, 2022. He said this good gesture will allow the people to do Eid shopping easily and enjoy Eid festivities in markets.

Jamshaid Akhtar Sheikh Senior Vice President and Muhammad Faheem Khan Vice President ICCI also thanked the Prime Minister and Interior Minister for showing concerns to the issues of traders and allowing them to keep their shops open for later hours for Eid shopping. They hoped that the government would always take such decisions in consultation with stakeholders to save the economy from unnecessary troubles.

For more information, contact:
Islamabad Chamber of Commerce and Industry (ICCI)
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1, Islamabad, Pakistan
Tel: +92-51-2250526, 2253145, 8432676
Fax: +92-51-2252950
Email: icci@brain.net.pk, info@icci.com.pk
Website: www.icci.com.pk

IG Police assures to address the key issues of business community

Islamabad, July 04, 2022 (PPI-OT):Dr. Akbar Nasir Khan, Inspector General, Islamabad Police said that the business class is the largest taxpayer community and playing a key role in the development of the economy, therefore, police would take all possible measures to address their key issues and provide them a safe and secure environment for better growth of business community. He said this while addressing the business community during his visit to Islamabad Chamber of Commerce and Industry (ICCI).

The IG Police said that new parameters are being set to make police more effective so that it could provide solutions to the problems of citizens at their doorsteps. He said that currently citizens were accessing police for their issues, but the objective is to transform police in a way that in future it may access the doors of the citizens to address their grievances. He said that the safe city project would be made more effective to improve law and order situation in the city. He said that his priority is to improve the performance of police stations to make them more responsive to the citizens. He assured that the police in cooperation with ICCI will take all possible measures to resolve the major issues of the business community.

Speaking at the occasion, Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce and Industry, said that political rallies and sit-ins in the federal capital have always created difficulties and caused closure of business activities due to which the business community suffered great losses. He stressed that the government should earmark a separate place out of the city for such activities to save the losses to business and economy. He said that a Police Facilitation Centre was established in ICCI Premises, which should provide all those services being delivered by the Police Facilitation Centre F-6 Markaz. He said that a traffic office in ICCI should be set up to address driving licenses and other issues of the business community.

He said that security cameras should be installed in industrial areas and markets connected with safe city project to make business areas more safe and secure. He said that conciliation committees should be revived in all police stations of Islamabad and ICCI should also be given proper representation in them to resolve the problems of the business community more effectively. He said that before taking action against any trader, the police should take the concerned market union and ICCI on board to resolve such issues with mutual efforts.

Khalid Iqbal Malik, Chairman, Founder Group, said that various crimes including dacoities, theft of vehicles and motorcycles and snatching of mobile phones needed more attention of Police to curb them in Islamabad. He said that the use of modern technology in all functions of police should be increased to further improve its efficiency and performance. He said that promotion of community policing in Islamabad should be focused to improve the trust between the citizens and the police and solve the problems more effectively.

Jamshaid Akhtar Sheikh Senior Vice President and Muhammad Faheem Khan Vice President ICCI thanked Dr. Akbar Nasir Khan for visiting Chamber and hoped said that he would take corrective measures to address the issues highlighted by the business community.

Zafar Bakhtawari, Tahir Abbasi, Khalid Malik, Saif ur Rehman Khan, Ajmal Baloch, Sardar Tahir, Abdul Rehman Siddiqui, Yousaf Rajput, Zahid Qureshi, Nisar Langa and representatives of various markets also highlighted various issues that needed close attention of IG Police for redress.

For more information, contact:
Islamabad Chamber of Commerce and Industry (ICCI)
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1, Islamabad, Pakistan
Tel: +92-51-2250526, 2253145, 8432676
Fax: +92-51-2252950
Email: icci@brain.net.pk, info@icci.com.pk
Website: www.icci.com.pk