Day: August 12, 2022

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Local coal not being used for power generation: Mian Zahid Hussain

Karachi, August 12, 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 Friday said the economy of a country that spends equal to a quarter of its GDP on imports can never be stable.

There is a need to widen the tax net and further reduce imports, otherwise, the country will not be able to run without borrowing. Mian Zahid Hussain said that Pakistan’s imports of goods and services in 2021-22 were ninety billion dollars which is almost equal to twenty-five percent of the GDP which is unsustainable and will result in a default sooner or later.

Talking to the business community, the veteran business leader said that Pakistan’s exports and remittances and direct investment are not equal to the imports which leads to a crisis after every two or three years. It is impossible to break the begging bowl until the current account deficit is turned into a surplus on a permanent basis, he said.

The business leader said that the debt burden of the country can be reduced if the current account is surplus. Mian Zahid Hussain said that 5280 megawatts of electricity can be generated from coal in Pakistan, of which seventy-five percent is generated from imported coal, while billions of tons of coal reserves in the country are not being put to use.

Similarly, the enormous hydropower potential is being ignored along with other renewable sources of electricity. Railways are an important means of providing relief to the public in terms of fares, reducing business costs and reducing the environmental pollution. Many countries of the world are now building railway networks, while Pakistan had an excellent railway network before independence, but it was destroyed to force the public and business community to use road transport.

Road transport benefited some elements, but the oil import bill increased therefore the government should try to restore the railways so that things can improve. Mian Zahid Hussain further said that district-level gas companies may reduce the losses of billions of rupees.

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

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Jingxi City Establishes a Cross-border E-commerce Experience Center to Create a New Model of Border Trade

NANNING, China, Aug. 11, 2022 /Xinhua-AsiaNet/– Recently, Jingxi Cross-border E-commerce Experience Center & Jingxi E-commerce Public Service Center in Baise, Guangxi Zhuang Autonomous Region was inaugurated. This new model of cross-border e-commerce will help reduce the operation and management costs of cross-border trade enterprises, improve the facilitation level of cross-border trade, and also help Jingxi characteristic agricultural products “go global, expand its markets, and sold globally”.

Caption: Customers are experiencing the “Online Purchasing” in Jingxi Cross-border E-commerce Experience Center.

Deng Peibin, chairman of Guangxi Jingxi Ruitai Food Co., Ltd., said that the company mainly sold Jingxi’s big-fruit hawthorn and other characteristic agricultural products through offline channels in the past. Now, through Jingxi Cross-border E-commerce platform, more products can be sold to the whole world.

According to the data of Jingxi E-commerce Office, in the first half of 2022, the e-commerce transactions in Jingxi continued to improve, with the network sales of rural products of RMB 9,440,000.

Caption: Customers are purchasing goods at Jingxi Cross-border E-commerce Experience

According to the Publicity Department of Jingxi City, Jingxi is located near the China-Vietnam border. Longbang Port is one of China’s national first-class ports. After becoming an international port in 2021, people, goods and vehicles from all over the world can enter or leave the country through Longbang Port. Jingxi Cross-border E-commerce Experience Center will rely on Longbang Port to carry out the construction of public service platforms for cross-border e-commerce and digital border trade, improve the customs clearance efficiency of the port, improve the cross-border shopping experience, optimize the business environment, and boost the economic development of the port.

Source: The Publicity Department of Jingxi City

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Court grants bail to wife of Gill’s driver

ISLAMABAD: A court on Friday granted bail to the wife of Shahbaz Gill’s driver, a day after she was arrested following a police raid at their house.

The court approved Saira’s bail on the submission of surety bonds of Rs30,000 and order her immediate release. Police on Thursday raided the residence of Shahbaz Gill’s driver to recover the PTI leader’s mobile phone to probe the sedition case filed against him.

Islamabad Police said that by the time they raided Gill’s assistant Izhar s home he had fled but they took his wife and a relative into custody on charges of rioting, assaulting a police party and theft.

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Court dismisses plea for Gill’s physical remand

ISLAMABAD: A local court on Friday turned down plea of the prosecution officials seeking further physical remand of PTI leader Shahbaz Gill and sent him to jail on judicial remand.

Duty Magistrate Umar Bashir was hearing a case related to sedition charges. As the proceedings commenced, the police produced PTI leader Gill before the court and pleaded with the court to extend his physical remand.

The Prosecution said that they wanted to investigate Gill further in the case. However, the court declined the prosecution’s request and ordered to send him to jail on judicial remand.

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Gastro cases continue to emerge across Larkana

LARKANA: Gastro cases continue to emerge in and around Larkana as 200 children were admitted in the ChiledLife Care Centre on Friday which is located in Paeds Medicine Department of Chandka Medical College Hospital (CMCH).

This was disclosed by the Centre Dr. Abdullah Chandio when newsmen contacted him. The affected children include 7-year Rasheed, 6-years Hina Thebo of Lalu Raunk, 2-year Haneefan Bhutto of Larkana, 4-year Samad of New Tower area of Larkana and others.

He said due to climate change and sizzling hot weather gastro is spreading fast among the children of Larkana and other areas including villages. He said the children were brought to the emergency ward where only 100 cases can be admitted. He said after treatment most of them are discharged on improvement.

Meanwhile, OPD of the CMCH Paeds Medicine departments has also increased from the usual 750 to 1700 on Wednesday, 2100 patients on Thursday, 950 on Friday and most of the children are suffering from diarrhea and high grade fever.

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Pakistan reports Covid 11 deaths in 24 hours

KARACHI: Pakistan has reported 11 deaths in the last 24 hours by novel coronavirus as the number of confirmed positive cases has surged to 1,561,579. The nationwide tally of fatalities has jumped to 30,520 Friday.

According to the latest figures by the National Institute of Health (NIH), at least 624 persons were tested positive for COVID-19 across the country in the past 24 hours.

Pakistan has conducted 16,299 tests in the past 24 hours out of which 624 persons were tested positive for the disease. The COVID Positivity Ratio was recorded at 3.83 percent.

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Man killed, other injured in armed attack in Larkana

NAUNDERO: Unknown armed men gunned down Mushtaque Gopang and injured Pehlwan Gopang in Saidu Dero village near here on Friday.

On information, Naundero police rushed to the spot, shifted the body to Government Hospital for fulfillment of medico-legal formalities. The injured was sent to Chandka Medical College Hospital as Naundero Hospital has no emergency treatment facilities since beginning.

Heirs and relatives of the deceased kept his body on Larkana-Naundero Road near Saidu Dero Turn, blocking the entire traffic to and from Sukkur due to which all kinds of traffic came to a standstill. Sons of the deceased including Badar Gopang, Kashif Gopang, Mehar Gopang, Shahnawaz Gopang alleged that their father had been killed by Pervaiz Gopang, Imran Gopang and others.

They said their father had gone to get medicine from the village and before returning home he was having tea at a hotel when the accused attacked him over a petty issue of sowing paddy seedlings at a piece of our land. They said SHO Naundero Shahid Memon is not arresting the accused as he has got huge money from the accused. They dispersed peacefully after four hours when they were assured that police would arrest all the accused.