Monday, December 5
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Day: November 18, 2022

FM briefs President on overall economic, financial outlook of country

National
ISLAMABAD: Minister for Finance Ishaq Dar called on President Dr Arif Alvi here in Islamabad on Friday. During the meeting, the Federal Finance Minister briefed the President on the overall economic and financial outlook of the country. He also briefed the President on various steps taken by the Government to provide relief to the people of Pakistan, especially to the unprivileged population of the underserved areas of the country and the flood affectees. During the meeting, various matters concerning finance and the economy were also discussed.

Pakistan, Portugal discuss issues of mutual interest

National
ISLAMABAD: Federal Minister for Overseas Pakistanis and Human Resource Development Sajid Hussain Turi met Portuguese Secretary of State for Labor Miguel Fontes and President of Public Works Department IEFP, Mr Domingo Lopes in Portugal. In the meeting, bilateral relations, facilitation of immigration process and issues of mutual interest were discussed. A detailed discussion was held on the process of further enhancing cooperation between Portugal and Pakistan in human resources and labor exchange programs, says an official statement issued here on Friday. Turi emphasized on increasing cooperation between the two countries in the field of human resources as that can benefit both sides. He expressed that Pakistan is proud of its cordial and friendly relations with Portugal. Pakistan a...

Country faces no risk of default: NA told

National
ISLAMABAD: The National Assembly was informed in categorical terms on Friday that the country faces no risk of default. Minister of State for Finance Aisha Ghaus Pasha told the house during question hour that the country was faced with a difficult situation when the present coalition government came into power as the International Monetary Fund (IMF) program was suspended. She said we have revived the IMF program while improvement is being seen in exports and remittances are also pouring in the country. She said the investors are showing interest for investment in the country as a result of our reforms. The Minister of State said the international community has shown the intent to help Pakistan in the post flood reconstruction and rehabilitation efforts. She said policies are bein...

Pakistan committed to universal values of tolerance, respect of faiths: Envoy

National
ISLAMABAD: Pakistan’s Ambassador to the United States Masood Khan has said Pakistan is committed to the universal values of tolerance, inclusivity and respect for people of all faiths. Interacting with the leadership of the Church of Jesus Christ of Latter-Day Saints in Los Angeles, the Ambassador briefed them on the positive momentum in the bilateral relations. He noted that while both countries coordinate on strategic issues, it was the close people-to-people ties that form the foundation of this strong partnership. The Ambassador appreciated the philanthropic work as well as investments in Pakistan, especially in healthcare by the Church of Latter-Day Saints. He thanked them for donating 2 million dollars to support relief and recovery efforts in the flood affected areas. Direc...

Pact signed to provide credit guarantee for Sind projects

Metropolitan Cities
KARACHI: Sindh Enterprise Development Fund (SEDF) and InfraZamin Pakistan (IZP) have signed an agreement for institutional collaboration to provide credit guarantee facility for projects in Sindh. The agreement aims to foster economic development through provisions of credit guarantee facility for innovative projects in Sindh. The agreement signing ceremony was chaired by Syed Qassim Naveed Qamar, Special Assistant to CM Sindh for Investment Department and PPP Projects. Khizar Pervaiz, CEO SEDF and Ms Maheen Rehman, CEO-IZP signed the agreement in presence of various officials and dignitaries from public and private sector including Syed Mansoor Abbas Rizvi, Secretary Investment Department, and Abdul Rahim Suriya, former President ICAP. SEDF has been established by the Government of ...

Small growers having 12.5 acres of land to be given more money for seed

Metropolitan Cities
KARACHI: Sindh Chief Minister Syed Murad Ali Shah in consultation with the World Bank on Friday decided that the small growers having up to 12.5 acres of land would be given seed and fertilizer, otherwise Rs5,000 per acre would be disbursed. This emerged in a meeting with World Bank Regional Director Mr John Roome who had come to inspect the procedure put in place by the provincial government for conducting a survey of the small growers and households who lost their houses in the recent floods. The meeting was attended by Chief Secretary Sohail Rajput, Chairman P and D Hassan Naqvi, PSCM Fayaz Jatoi, and Mr Abdelrazaq of the World Bank. World Bank Country Director Mr Najy Benhassine and his team attended the meeting through a video link. The chief minister said that said that the pro...