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Day: September 18, 2022

President declares retrospective downward revision in profit rate by CDNS as maladministration

English, Official News, Press Information Department
Islamabad, September 18, 2022 (PPI-OT): While accepting a representation of an aggrieved citizen against a decision of the Wafaqi Mohtasib, President Dr Arif Alvi has directed the Central Directorate of National Savings (CDNS) to pay profit on the Special Saving Certificates (SSCs) as per the profit rate prevailing at the time of purchasing the certificates. He said that CDNS had committed maladministration by revising the profit rates retrospectively and in contrary to the existing law, thus causing the citizen a loss of Rs 5.3 million. The President issued these directions while deciding on a representation preferred by Ms Yasmeen Merchant, who had purchased six SSCs from CDNS on 01.11.2019 at a profit rate of 12.7% for five certificates and 13.9% profit rate for the sixth certificate. F...

Qatar, UAE, KSA, ADB showing keen interest in various sectors of Pakistan: Finance Minister

English, Official News
Islamabad, September 18, 2022 (PPI-OT): Minister for Finance Miftah Ismail has said that Qatar, United Arab Emirates (UAE), Saudi Arabia and Asian Development Bank (ADB) are showing keen interest in various sectors of Pakistan. Talking to a private television channel, he said Qatar is seeking three billion dollar plan to invest in Stock Exchange, Solar and LNG plants. Miftah Ismail said an investment of about five billion dollars as a whole would be made in different sectors of Pakistan. He said the Asian Development Bank alone would provide funds worth one and half billion dollars to kick-off projects of public interest. Expressing optimism about support of world countries, he said we will overcome all difficulties being faced in the economic and business sectors with the help of friendly...

Prime Minister to address 77th UNGA session on Friday

English, Official News
Islamabad, September 18, 2022 (PPI-OT): Prime Minister Muhammad Shehbaz Sharif will participate in the high-level debate of the 77th Session of the United Nations General Assembly (UNGA) in New York from 19th-23rd September, 2022. In a press release, Foreign Office Spokesperson Asim Iftikhar said the Prime Minister will be accompanied by the Foreign Minister, other members of the Cabinet and senior officials. Shehbaz Sharif will address the UN General Assembly on 23rd September in which he will focus on the challenge faced by Pakistan in wake of the recent climate-induced catastrophic floods in the country. The Prime Minister will outline concrete proposals for collectively tackling the existential threat posed by climate change. He will also share Pakistan’s position and perspective on re...

Voting for Khalistan Referendum to take place in Toronto today

English, Official News
Islamabad, September 18, 2022 (PPI-OT):Voting for Khalistan Referendum will take place in Canadian city of Toronto today (Sunday), aimed at seeking independence of Punjab from India through a peaceful manner. In an interview, President Council of Khalistan Doctor Bekhshi Singh said people of Indian Punjab believe that their rights can only be safeguarded through getting independence from India. He said as an expression of their opinion they will participate in this referendum in a large number. He said during last 75 years, we have learnt that not a single Indian government is concerned about the rights of Sikhs. Doctor Bekhshi Singh said it is the law of the United Nations that colonized nations can get their right through referendum. Khalistan Referendum voting is being held in phases in...

Two-day judicial conference to begin at SC, Islamabad on Sept 23

English, Official News
Islamabad, September 18, 2022 (PPI-OT):A two-day judicial conference will begin at the Supreme Court, Islamabad on the 23rd of this month under the auspices of the Law and Justice Commission of Pakistan. The theme of the conference is ”Administration of Justice: 75 Years – Reflecting on the past and looking towards the future”. The Chief Justice of Pakistan, being Chairman of the Law and Justice Commission of Pakistan will chair the inauguration and closing ceremonies of the conference. Dignitaries, including the Chief Justice/Judges, jurists, members from academia and experts on designated themes from all over the world will participate in the conference. The conference is going to provide a wonderful platform to discuss the challenges confronting the justice sector and ...

Govt determines to early complete relief, rehabilitation process in flood-hit areas: PM

English, Official News
Islamabad, September 18, 2022 (PPI-OT): Prime Minister Shehbaz Sharif says the entire nation is united for relief and rehabilitation of flood affected people and the government is determined to complete the rehabilitation phase at the earliest. Talking to media persons in London on Sunday, he said the government has allocated seventy billion rupees to provide relief to the flood affected people. The Prime Minister said a cash assistance of twenty five thousand rupees is being provided to each flood affected family in the country through Benazir Income Support Programme. He said the Federal Government, in collaboration with provinces, is providing food, tents, blankets and other essential items to the flood victims. Shehbaz Sharif said people are generously contributing to Prime Minister...