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CEO JDW Sugar Mills Mr Jahangir Tareen addressing the audience at YEF session

YEF members at Sustainable Development Goals Session with Parliamentarians

Former Finance Minister Mr Asad Umar at Youth Economic Forum

YEF session in FAST Islamabad

Youth Voices of Political Economy Report Launch

Advisor to YEF Mr Amir Jahangir with Economic Officer US Embassy Brandon Possin

Mr Ali Salman of Policy Research Institute of Market Economy adn Mr Hammad Siddiqui of Center for International Private Enterprise at YEF session

Mr. Shahid Naeem, SDG’s Chief, Ministry of Planning, Development and Reforms talked about National Coordination Mechanism on a session held at PIPS on April 16th, 2019. He suggested to improve the interlinkages between SDGs and formation of monitoring and evaluation framework for better reporting.

Qasim Shamim , YEF raising voice on employment issues of youth of Pakistan

Advisor to YEF Mr Amir Jahangir with Economic Officer US Embassy Brandon Possin

Former Finance Minister Mr Asad Umar at Youth Economic Forum

Mr. Shahid Naeem, SDG’s Chief, Ministry of Planning, Development and Reforms talked about National Coordination Mechanism on a session held at PIPS on April 16th, 2019. He suggested to improve the interlinkages between SDGs and formation of monitoring and evaluation framework for better reporting.

CEO JDW Sugar Mills Mr Jahangir Tareen addressing the audience at YEF session

YEF session in FAST Islamabad

YEF members at Sustainable Development Goals Session with Parliamentarians

Youth Voices of Political Economy Report Launch

Mr Ali Salman of Policy Research Institute of Market Economy adn Mr Hammad Siddiqui of Center for International Private Enterprise at YEF session

Qasim Shamim , YEF raising voice on employment issues of youth of Pakistan

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The South Asian nations, Pakistan and Bangladesh a

The South Asian nations, Pakistan and Bangladesh are now relying to a great extent on a costly and dirty diesel-powered energy mix as they scramble to procure liquefied natural gas (LNG) cargoes amid global supply disruptions that exacerbated after Russia declared war on Ukraine, reported Bloomberg.

After at least seven years, Pakistan’s diesel-fired power generation surged to record levels in January 2022, whereas the output based on LNG fell to its lowest in almost two years. This is likely to persist as Pakistan is so far unable to locate substitute LNG shipments following the cancellation of long-term supplies from big-name merchants.

Source: propakistani

Adviser to the Prime Minister on Overseas Pakistan

Adviser to the Prime Minister on Overseas Pakistanis and Human Resource Development, Ayub Afridi, has said that the government will ensure the security of investments made by overseas Pakistanis.

He said this during a visit to “OPF Valley”, a housing project of Overseas Pakistanis Foundation (OPF) in Islamabad on Tuesday. Managing Director OPF, Dr. Amer Sheikh, accompanied the Adviser. The visit was aimed to evaluate the development progress of the housing scheme.

Source: propakistani

The Senate Standing Committee on Finance, Revenue,

The Senate Standing Committee on Finance, Revenue, and Economic Affairs approved on Thursday the State Bank of Pakistan (SBP) Amendment Bill, 2021, under which the commercial banks would give 60 percent loans concerning their deposits.

The bill seeks to rectify unjustified and inequitable credit lending that has been a longstanding demand of smaller provinces. It will ensure that minimum credit/lending of commercial banks to the private sector for establishing industry and commercial activities in smaller provinces is at par with those of the total deposits of provinces.

The Senate panel meeting was held with Senator Talha Mahmood in the chair at the Parliament House on Tuesday.

Source: propakistani

Pakistani tracking service provider, TPL Trakker L

Pakistani tracking service provider, TPL Trakker Limited (TPTL), has been awarded a contract by the Pakistan Telecommunication Authority (PTA) for the development of a Web-Based Geographical Information System (GIS) as the country prepares to roll out 5G services.

According to a company statement to the Pakistan Stock Exchange (PSX), TPTL will develop the new system by utilizing its TPL Maps’ location services platform which was launched in July 2020 and consists of over 6 million geocoded Points of Interest (PoIs) etched over 600,000km of digitized road network.

Source: propakistani

The Central Development Working Party (CDWP) appro

The Central Development Working Party (CDWP) approved the replacement of the track machines project in its meeting yesterday.

This Public Sector Development Program (PSDP) project is worth Rs. 7.415 billion and will enable Pakistan Railways to maintain all the tracks of the railway’s network while enhancing the productivity of the latter’s operations.

Source: propakistani

The Government of Khyber Pakhtunkhwa (KP) is imple

The Government of Khyber Pakhtunkhwa (KP) is implementing 34 foreign-funded projects worth $3,651 million, while the Government of Balochistan is executing 12 foreign-funded projects amounting to $509 million.

Secretary Economic Affairs Division (EAD), Mian Asad Hayaud Din, informed the National Coordination Committee on Foreign-Funded Projects (NCC-FFP) on Monday. The committee held its meeting with Federal Minister for Economic Affairs, Omar Ayub Khan, in the chair.

It was informed that the projects were being funded by the Asian Development Bank (ADB), European Union (EU), World Bank (WB), China, France, Germany, Japan, Saudi Arabia, the United Kingdom, and the United States of America.

Source: propakistani

The government has decided to add a security compo

The government has decided to add a security component to Railway Main Line-I (ML-I) again after the GHQ and Chinese showed concern for the stripping of the security from the cost of the project and increasing its share from one percent (or Rs. 13.9 billion) of the total cost to around three percent (or Rs. 35.992 billion).

A project for the provision of security for the project of the up-gradation of Pakistan Railway’s Mainline-1 (ML-1) with the implementation period of 119 months has been submitted to the Planning Commission of Pakistan for approval, an official source said.

Source: propakistani

Federal Minister for Planning, Asad Umar, has said

Federal Minister for Planning, Asad Umar, has said that Pakistan is all set for history’s first digital census this year.

Addressing the inaugural ceremony of the National Census Coordination Center (N3C) for Digital Census 2022 at the Pakistan Bureau of Statistics (PBS) on Tuesday, Asad Umar said that the country needs quality data, which is crucial for planning and development. The minister said that if any country wants good planning, it should have good informational data, and a census is the best exercise to collect data. He said that the constitution guarantees census after every ten years.

Source: propakistani

The government has approved an increase of Rs. 12.

The government has approved an increase of Rs. 12.03 per liter for petrol following a rise in prices in the international market.

According to the notification released by the Ministry of Finance, the new price of petrol after an increase of Rs. 12.03 is Rs. 159.86 per liter.

Source: propakistani

Crude oil production in the major oil-producing pr

Crude oil production in the major oil-producing province of Khyber Pakhtunkhwa has decreased by almost 34 percent during the last three and a half years of the PTI government and has gone down to 33,000 BPD from the earlier 50,000 BPD.

Similarly, no significant addition was made to the gas production in the province during the incumbent government, and as of February 2022, the raw gas production in KP was 415 MMcf/d, according to official documents available with ProPakistani.

Source: propakistani

State Bank of Pakistan (SBP) has enhanced the indi

State Bank of Pakistan (SBP) has enhanced the indicative credit limits for agriculture financing by banks to farmers to align the amount of financing with agriculture input requirements.

The enhanced indicative credit limits for production and development loans of farm and non-farm sectors will directly benefit agriculture borrowers, who will now be able to obtain more credit from banks, which would, in turn, enhance agriculture productivity through adequate use of inputs. This will also enable banks to align the loan amounts with the actual requirements of farmers and resultantly enhance the flow of agriculture credit.

Source: propakistani

Chairman Federal Board of Revenue (FBR) Dr. Muhamm

Chairman Federal Board of Revenue (FBR) Dr. Muhammad Ashfaq Ahmed has said that Pakistan Single Window (PSW) Project will enhance the trust of traders and the business community in public service delivery mechanism. He expressed these views while visiting the offices of the Pakistan Single Window for a briefing on the implementation systems.

CEO PSW, Mr. Aftab Haider, welcomed the FBR delegation and briefed them about the progress of the PSW program. A detailed presentation on the Trade Information Portal of Pakistan (TIPP) that is scheduled to be launched in March 2022 in line with Pakistan’s commitment under the WTO Trade Facilitation Agreement, was given to the FBR Chairman.

Dr Ashfaq Ahmed expressed his satisfaction with the implementation pace and resolved to extend full support to the PSW program. “FBR is very proud to be leading such groundbreaking initiatives that will transform trade, streamline export and import processes and enhance Pakistan’s connectivity to the global supply chain,” he added.

Source: propakistani

The Election Commission of Pakistan (ECP) has dema

The Election Commission of Pakistan (ECP) has demanded Rs. 18.365 billion from the Federal Government for conducting the second phase of local bodies elections in the country and revision of Electoral Rolls.

The Ministry of Finance had approved a total of Rs. 27 billion for the Election Commission of Pakistan (ECP) to conduct local body elections across Pakistan, and initially, it had released around Rs. 4.7 billion for the first phase of Local Government polls in 17 districts of Khyber Pakhtunkhwa, which was held in December 2021, official sources said.

Source: propakistani

The Economic Coordination Committee (ECC) of the C

The Economic Coordination Committee (ECC) of the Cabinet will consider a summary regarding the financial settlement of payables to government-owned power plants on par with the settlement with IPPs on Thursday.

It will deliberate over a 12-point agenda related to the summaries presented by the Finance Division, Aviation Division, Defence, the Election Commission of Pakistan, Housing & Works, Industries and Production, and the Power Division, an official source told ProPakistani.

Source: propakistani

The federal Cabinet is likely to permit the export

The federal Cabinet is likely to permit the export of yellow split peas (YSP) to Afghanistan under the World Food Program humanitarian operations.

Sources told ProPakistani that the Cabinet will meet today under the chair of Prime Minister Imran Khan in this regard.

The Ministry of Commerce has proposed that the Cabinet give permission to export the already locally procured 4500 Metric Tons of YSP to Afghanistan.

Additionally, the Ministry of Commerce consulted with the Ministry of Food Security for the proposal for both the importing and re-exporting 30,000 Metric Tons (MT) of YSP to Afghanistan.

Sources said that the export of all sorts of pulses and grams from Pakistan is banned and the country is also a net importer of pulses. However, the Export Policy Order (EPO), 2020, allows the federal government to export them in relaxation of any prohibition or restriction.

Source: propakistani

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