Business

Despite the PTI campaign, Pakistan’s GSP Plus status will not change. Ata Tarar

Published

2 months ago

Farwa

He described the web campaign as an attack on Pakistan’s economy and a plot against the country at a press conference held in Islamabad today.

According to him, the PTI is putting up this demand under the guise that jail amenities are not being given for its founder, Imran Khan. He made it clear that no other prisoner in the nation has access to the privileges provided to the PTI’s founding leader.

The Minister of Information stated that the amenities consist of three rooms, a kitchen, a walking gallery, and workout equipment. He claimed that in response to the PTI’s founder’s request, the prison administration is also providing the meals.

The Minister of Information made reference to the two-week prison meeting prohibition, but made it clear that this policy does not apply to just one institution. In light of the security risks, he added, a security audit is being conducted at the jails in Dera Ghazi Khan, Mianwali, and Adiala.

Attaullah Tarar expressed sadness over certain political factions seeking to harm the economy in order to further their own narrow agendas. But he made it clear that they would not be permitted to carry out their plans. The state and its national interests must be protected above anything else.

According to the Minister of Information, the administration is acting to solve the issues that the public faces, such as inflation, and to set the economy on a path of growth. He remarked

But he lamented the existence of a party that is blind to anything but its own political agenda. He said that they were the identical components of the violent activities on May 9.

Regarding his ministry, Attaullah Tarar said he was determined to act as a go-between for the press and the government. He promised to speak out for journalists’ rights and to keep his ministry’s doors open to them.

Business

There are US$13,280.5 million in foreign exchange reserves in Pakistan.

Published

2 days ago

Farwa

According to a representative for the central bank, as of April 19, 2024, the nation’s total liquid foreign reserves were valued at US$ 13,280.5 million. A loss of US$74 million left the State Bank of Pakistan’s foreign reserves at US$7,981.2 million.

Commercial banks have $5,299.3 million in reserves for Pakistan.

In the week that concluded on April 12, the State Bank of Pakistan’s (SBP) foreign exchange reserves increased by $14.4 million to $8.055 billion.

“In a weekly statement, SBP stated that it has repaid US$ 1 billion in principal and interest on Pakistan’s International Bond, which matures this week.”

But at $13.374 billion, the nation’s total reserves decreased by $68 million. In the same way, commercial banks’ reserves dropped to $5.319 billion, a reduction of $82 million.

Business

NIMA seminar to increase Pakistan’s ship recycling industry’s capacity

Published

2 days ago

Farwa

According to a release, important players from a range of maritime industries attended the conference to discuss issues facing the shipping sector.

It further stated that the symposium cleared the path for the resurgence of a sustainable future in ship recycling.

Participants in the conference included representatives of the Gadani Ship Breaking Labour Union, PSBA, KS&EW, KPT, PMSA, GEMS, and the federal and Balochistani governments.

Furthermore, global perspectives and ideas were offered by international specialists such as Rabia Razzaque from UN-ILO and Professor Raphael Baumler from the World Maritime University.

The seminar emphasized Pakistan’s capacity to emerge as a pioneer in the field of environmentally friendly ship recycling.

In order to protect the environment and the safety of employees, the participants emphasized the importance of following international standards and regulations.

During his speech, Chief Guest Senator Nisar Ahmed Khoro emphasized the importance of the maritime industry’s resurgence and the crucial necessity for coordinated efforts from all parties involved.

A new age of economic prosperity, worker safety, and environmental responsibility for Pakistan’s maritime industry was called for as he urged the stakeholders to work together on a comprehensive SENSREC program.

Vice Admiral Ahmed Saeed (Retd), the president of NIMA, emphasized the significance of environmental stewardship and safety in ship recycling procedures.

Business

Inflows into the Roshan Digital Account surged to $7.660 billion on March 24.

Published

2 days ago

Farwa

According to the data, remittance inflows for the month of March totaled US$ 182 million, whereas they were US$ 141 million in February and US$ 142 million in January 2024.

Millions of Non-Resident Pakistanis (NRPs), including those who own Non-Resident Pakistan Origin Cards (POCs), can now engage in banking, payment, and investing activities in Pakistan with the help of these accounts, which offer cutting-edge banking solutions.

According to a statement from the State Bank of Pakistan, the number of accounts registered under the program increased by 11,091 from 668,701 accounts in February 2024 to 679,792 accounts in March 2024.

As of March 2024, the central bank reported that foreign nationals of Pakistan have invested US $312 million in Naya Pakistan Certificates, US $528 million in Naya Pakistan Islamic Certificates, and US $31 million in Roshan Equity Investment.

It is important to note that former prime minister Imran Khan introduced the Roshan Digital Account initiative in September 2020 with the goal of giving Pakistanis living abroad access to digital banking services for the first time.