Connect with us

Money

China donates $100,000 in cash to Balochistan, KP regions affected by rain.

Published

on

On Thursday, the Chinese government showed support for Pakistan by giving $100,000 in emergency financial aid to areas of Balochistan and Khyber Pakhtunkhwa (KP) that had been impacted by rain.

Pakistan’s Foreign Secretary, Muhammad Syrus Sajjad Qazi, received the monetary assistance from Chinese Ambassador Jiang Zaidong during a gift ceremony conducted at the Ministry of Foreign Affairs.

Ambassador Zaidong reaffirmed China’s commitment to supporting Pakistan during times of catastrophe and stressed the significance of providing prompt relief to the impacted communities.

The Chinese embassy’s official statement emphasized the importance of this gesture in helping people in need get critical support.

It also highlighted the proactive role that Chinese companies have played in Pakistan, such as the provision of 3,000 food cans and 30,000 bottles of mineral water.

In addition, initiatives have been taken to house displaced people in the Gwadar Faqur School, which is evidence of the strong relationship that exists between China and Pakistan.

In the near future, the Chinese Consulate General in Karachi plans to give more material support valued at RMB 500,000, highlighting its continuous dedication to supporting Pakistan’s rehabilitation endeavors.

Following Prime Minister Shehbaz Sharif’s declaration earlier this month of a relief package for families affected by excessive rains, this aid is being provided.

Latest News

IHC suspends the naan and roti price reduction notification.

Published

on

By

The head of the Naanbai Welfare Association petitioned IHC Justice Tariq Mahmood Jahangiri.

In their petition, the Naanbai Welfare Association said that the controller general reduced the price of roti from Rs25 to Rs16 and naan from Rs30 to Rs20.

The association claimed that the relevant authorities did not consult them before making the decision. He informed the court that the decision was made without their input and that the new pricing were too low.

The district administration official informed the court that the controller of general pricing and suppliers was given the authority to determine the prices of necessary commodities such as naan and roti.

Following a legislative modification, the functions were delegated to the controller general.

Barrister Umar Aijaz Gilani, the lawyer for the Naanbai Association, argued that the controller general’s powers were not governed by Section 3 as stated in the notification.

He noted that rent and grain prices are high in Islamabad. The court queried the Islamabad district government, which was the association, about the pricing of flour before lowering the costs. “Order was passed justice to make people happy.”

Later, the court ordered a detailed answer in the matter and stayed the notification of lowering the prices of naan and roti in Islamabad until May 6.

Continue Reading

Latest News

UNICEF will donate $20 million to youth initiatives in Pakistan.

Published

on

By

The signing of a letter of intent between the Prime Minister’s Youth Program and the UN International Children’s Emergency Fund (UNICEF) about the United Nations Generation Unlimited (GenU) program was witnessed by Prime Minister Shehbaz Sharif.

In order to empower youth via education, technical training, and entrepreneurship as well as to work toward early education and training, the Secretary General of the UN announced the Generation Unknown initiative in 2018.

Twenty million euros will be invested in youth-related projects by GenU as it prepares to launch its full operations in Pakistan.

To help ensure that young people have equal access to training and education, sign the document. A joint operational strategy framework will be developed in this regard by GenU and the PM Youth Programme.

PM watches UNICEF and PMYP sign a letter of intent.

Prior to this, the prime minister was visited by a UNICEF delegation led by Abdullah A. Fazil, UNICEF’s Pakistani representative. Moreover present in the conference was Rana Mashhood, Chairman of the PM Youth Program.

The PM Youth Programme and UNICEF are working together to increase the capacity of Pakistan’s youth, as the delegation informed the prime minister.

The prime minister expressed gratitude to UNICEF for their efforts on behalf of children’s welfare in Pakistan and throughout the world.

Continue Reading

Latest News

Pakistani reforms discussed by IMF chief and finance minister

Published

on

By

The Washington discussion included economic challenges, policy preferences, and Pakistan’s economic reform vision.

Privatisation, tax reform, and private sector amenities were also discussed.

In the US, the finance minister is discussing a fresh IMF credit program for Pakistan.

Tuesday, Muhammad Aurangzeb praised the IMF and World Bank for their economic development assistance to Pakistan.

Muhammad Aurangzeb, Federal Minister for Finance and Revenue, attended the G-24, Finance Ministers, and Central Bank Governors’ Meeting, according to a news release.

The minister talked about taxation, energy, privatization, and digitalization changes and the need to increase private sector investment and use the “Adaptation Fund” to mitigate climate change.

The nine-month, $3 billion IMF loan program to address a balance-of-payments issue that nearly drove the South Asian nation to default last summer is reaching its end.

In a Washington interview, Finance Minister Muhammad Aurangzeb claimed Pakistan has began negotiations for a new multi-year IMF loan program for “billions” of dollars. The last $1.1 billion tranche of that transaction is expected to be granted later this month

Continue Reading

Trending