Pakistan

PM appoints British-Pakistani entrepreneur as investment ambassador

Published

2 years ago

Farwa

Zeeshaan Shah appointed ambassador-at-large on investment.
Enterpriser hopeful of bringing investment into Pakistan.
Shah praises the coalition government’s reform agenda.

LONDON: Prime Minister Shehbaz Sharif has appointed British Pakistani enterpriser Zeeshaan Shah as ambassador-at-large on investment to promote foreign investment into Pakistan.

The announcement was made through a notification issued by the Prime Minister Officer on Wednesday.

The notification reads: “The Prime Minister has been pleased to appoint Mr Zeeshaan Shah as Ambassador-at-Large on Investment, with immediate effect. The appointment of Mr Zeeshan Shah will be in an honorary capacity.”

Shah is a multi-award-winning entrepreneur based out of London. His group has overseen investment transactions in excess of $1.3 billion. He made his name first when he appeared on BBC’s popular show “Apprentice”.

The entrepreneur boasts a global network of contacts within the investment space including leading institutional and family offices across the Far East, Middle East, United Kingdom and the United States of America.

Speaking to Geo.tv, Shah said that in his first task, he will immediately be travelling to the USA to meet with investors in Houston, Dallas, Los Angeles, San Francisco, Chicago, and New York.

He said that he was thankful to PM Shehbaz for showing confidence in him and will do his utmost to represent Pakistan.

Shah said: “I will not be taking any salary, perks or financial gains from the Government of Pakistan. My role is in a voluntary capacity and I consider this my national duty.”

“Pakistan is ripe for investment, not only in the booming IT & tourism sectors but in a broad range of sectors. The current government has its entire focus on reforming the system to create a system where there is the ease of doing business in order for Pakistan to develop.”

“The reform agenda that the government is implementing is amongst the most advanced in the world and it offers huge opportunities to the investors, local and internationally. I look forward to meeting with investors across the world and facilitating them to invest in Pakistan.”

Business

Price of LPG “slashed” by Rs. 20 per kilogram

Published

1 day ago

Farwa

Sources claim that LPG rates have been lowered by Rs 20, making the cost per kilogram drop from Rs 280 to Rs 260.

It is noteworthy to remark that the costs of LPG were reduced by Rs 20 per kilogram earlier, resulting in a total reduction of Rs 40 per kilogram within a few weeks.

The price of liquefied petroleum gas for the month of May 2024 was lowered by the Oil and Gas Regulatory Authority (OGRA) on April 30.

The LPG tariffs were lowered by Rs 11.88 to Rs 238.46 per kilogram in accordance with the OGRA’s notice. On Wednesday, May 1, 2024, the new rates will go into effect.

In April of last year, the price per kilogram of LPG was Rs 250.34. pricing reduction of Rs 140.18 has resulted in a new pricing for home LPG cylinders set for May 2024 of Rs 2813.85.

The OGRA reported a drop in liquefied petroleum gas pricing in April. The price of LPG is now Rs 250.34 per kg instead of Rs 256.78 due to a reduction of Rs 6.44 per kg.

The price of the household cylinder was fixed at Rs 2954.03 for the month of April, down from Rs 3030.12, a decrease of Rs 76.9.

Business

ADB delegation stops by FBR headquarters

Published

1 day ago

Farwa

Senior Director ADB Tariq Niazi oversaw the expedition, which also involved Sana Masood, Farzana Noshab, and Senior Public Sector Management Specialist Laisiasa Tora. The meeting included presentations from economists as well, according to an FBR press release.

The officers focused on structural and policy adjustments as they discussed the Domestic Resource Mobilization Program’s implementation at the meeting.

$300 million was given to the Pakistani government by ADB in December 2023 as a result of the hard work and dedication of FBR. Better laws, regulations, and institutional capability for the FBR were established by Sub-Program I.

With the $300 million in funding provided by the Asian Development Bank (ADB) to the Government of Pakistan in December 2023, the delegation conveyed satisfaction with the program’s effective launch.

The FBR also underlined how crucial digitization is to recording the economy and boosting productivity in a sustainable way.

In order to promote the Government of Pakistan’s Digital Tax Administration Project, both parties decided to look into measures to improve their cooperation.

Latest News

Off-duty police in Islamabad are prohibited from donning uniforms.

Published

1 day ago

Farwa

The new directives, according to specifics, were sent via wireless by the federal capital police and state that no officer may wear a uniform when reporting for duty or leaving it.

According to the police official, uniforms will only be worn when on duty; otherwise, two policemen will accompany each other during duty hours and will always be required to carry guns.

A different development was the earlier release of an app by the Islamabad Police with the goal of improving crime prevention and public safety.

Launched on the orders of former Interior Minister Sarfraz Akbar Bugti, the recently released ICT-15 app aims to empower the people of the capital city by giving them the ability to actively engage in the battle against crime and protect their areas.

Residents of Islamabad can now easily download and utilize the ICT-15 app because it is easily accessible on the Google Play Store.

Citizens can report a variety of issues with this easy-to-use application, such as incidents, unlawful behavior, complaints against law enforcement, the presence of undocumented people, or any suspicious criminal activity.

The police promise quick reaction times as soon as information is reported using the app, so assistance will be provided as quickly as feasible.